UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number811-04367
Columbia Funds Series Trust I
(Exact name of registrant as specified in charter)
290 Congress Street
Boston, MA 02210
(Address of principal executive offices) (Zip code)
Daniel J. Beckman
c/o Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
Ryan C. Larrenaga, Esq.
c/o Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
(Name and address of agent for service)
Registrant's telephone number, including area code: (800) 345-6611
Date of fiscal year end: April 30
Date of reporting period: October 31, 2021
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
October 31, 2021
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2021) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 03/31/08 | 0.17 | 0.82 | 3.40 | 3.11 |
Including sales charges | -4.58 | -3.96 | 2.40 | 2.61 | ||
Advisor Class* | 11/08/12 | 0.30 | 1.08 | 3.63 | 3.35 | |
Class C | Excluding sales charges | 03/31/08 | -0.21 | 0.07 | 2.62 | 2.37 |
Including sales charges | -1.20 | -0.90 | 2.62 | 2.37 | ||
Institutional Class | 01/09/86 | 0.30 | 1.05 | 3.65 | 3.35 | |
Institutional 2 Class* | 11/08/12 | 0.33 | 1.14 | 3.74 | 3.44 | |
Institutional 3 Class | 07/15/09 | 0.36 | 1.20 | 3.80 | 3.51 | |
Class R* | 11/16/11 | 0.05 | 0.57 | 3.14 | 2.84 | |
Class V | Excluding sales charges | 03/07/11 | 0.22 | 0.92 | 3.49 | 3.20 |
Including sales charges | -4.54 | -3.87 | 2.48 | 2.70 | ||
Bloomberg U.S. Aggregate Bond Index | 1.06 | -0.48 | 3.10 | 3.00 |
* | 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 Bond Fund | Semiannual Report 2021 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2021) | |
Asset-Backed Securities — Non-Agency | 17.9 |
Commercial Mortgage-Backed Securities - Agency | 0.5 |
Commercial Mortgage-Backed Securities - Non-Agency | 14.6 |
Common Stocks | 0.0(a) |
Corporate Bonds & Notes | 12.9 |
Money Market Funds | 4.2 |
Options Purchased Calls | 0.0(a) |
Options Purchased Puts | 0.4 |
Residential Mortgage-Backed Securities - Agency | 18.5 |
Residential Mortgage-Backed Securities - Non-Agency | 30.8 |
U.S. Treasury Obligations | 0.2 |
Total | 100.0 |
(a) | Rounds to zero. |
Quality breakdown (%) (at October 31, 2021) | |
AAA rating | 33.8 |
AA rating | 14.1 |
A rating | 20.8 |
BBB rating | 20.3 |
BB rating | 0.9 |
Not rated | 10.1 |
Total | 100.0 |
4 | Columbia Bond Fund | Semiannual Report 2021 |
(Unaudited)
May 1, 2021 — October 31, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,001.70 | 1,021.14 | 3.79 | 3.83 | 0.76 |
Advisor Class | 1,000.00 | 1,000.00 | 1,003.00 | 1,022.39 | 2.55 | 2.57 | 0.51 |
Class C | 1,000.00 | 1,000.00 | 997.90 | 1,017.40 | 7.52 | 7.59 | 1.51 |
Institutional Class | 1,000.00 | 1,000.00 | 1,003.00 | 1,022.39 | 2.55 | 2.57 | 0.51 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,003.30 | 1,022.69 | 2.25 | 2.27 | 0.45 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,003.60 | 1,022.94 | 2.00 | 2.02 | 0.40 |
Class R | 1,000.00 | 1,000.00 | 1,000.50 | 1,019.90 | 5.04 | 5.09 | 1.01 |
Class V | 1,000.00 | 1,000.00 | 1,002.20 | 1,021.64 | 3.29 | 3.33 | 0.66 |
Columbia Bond Fund | Semiannual Report 2021 | 5 |
October 31, 2021 (Unaudited)
Asset-Backed Securities — Non-Agency 20.9% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
American Credit Acceptance Receivables Trust(a) | ||||
Series 2020-1 Class D | ||||
03/13/2026 | 2.390% | 2,770,000 | 2,819,733 | |
AmeriCredit Automobile Receivables Trust | ||||
Series 2020-2 Class D | ||||
03/18/2026 | 2.130% | 3,610,000 | 3,670,291 | |
Ares LVIII CLO Ltd.(a),(b) | ||||
Series 2020-58A Class D | ||||
3-month USD LIBOR + 3.500% Floor 3.500% 01/15/2033 | 3.624% | 3,000,000 | 3,004,599 | |
Avant Loans Funding Trust(a) | ||||
Series 2019-B Class B | ||||
10/15/2026 | 3.150% | 3,386,895 | 3,393,828 | |
Series 2020-REV1 Class A | ||||
05/15/2029 | 2.170% | 1,785,000 | 1,789,580 | |
Subordinated Series 2021-REV1 Class B | ||||
07/15/2030 | 1.640% | 3,950,000 | 3,935,646 | |
Bain Capital Credit CLO Ltd.(a),(b) | ||||
Series 2018-1A Class B | ||||
3-month USD LIBOR + 1.400% 04/23/2031 | 1.524% | 2,000,000 | 1,999,002 | |
Series 2020-5A Class A1 | ||||
3-month USD LIBOR + 1.220% Floor 1.220% 01/20/2032 | 1.352% | 10,000,000 | 10,001,590 | |
Series 2020-5A Class C | ||||
3-month USD LIBOR + 2.350% Floor 2.350% 01/20/2032 | 2.482% | 4,480,000 | 4,482,451 | |
Carlyle Group LP(a),(b) | ||||
Series 2017-5A Class A2 | ||||
3-month USD LIBOR + 1.400% 01/20/2030 | 1.532% | 2,000,000 | 1,987,972 | |
Carlyle US CLO Ltd.(a),(b) | ||||
Series 2020-2A Class C | ||||
3-month USD LIBOR + 4.000% Floor 4.000% 10/25/2031 | 4.174% | 1,845,000 | 1,848,124 | |
Cent CLO Ltd.(a),(b) | ||||
Series 2018-C17A Class A2R | ||||
3-month USD LIBOR + 1.600% 04/30/2031 | 1.732% | 1,800,000 | 1,800,000 | |
Consumer Loan Underlying Bond CLUB Credit Trust(a) | ||||
Subordinated Series 2020-P1 Class B | ||||
03/15/2028 | 2.920% | 1,350,000 | 1,357,627 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Consumer Loan Underlying Bond Credit Trust(a) | ||||
Series 2019-P1 Class B | ||||
07/15/2026 | 3.280% | 946,897 | 949,351 | |
Consumer Underlying Bond Securitization(a) | ||||
Series 2018-1 Class A | ||||
02/17/2026 | 4.790% | 555,220 | 559,853 | |
Dryden 83 CLO Ltd.(a),(b) | ||||
Series 2020-83A Class C | ||||
3-month USD LIBOR + 2.150% Floor 2.150% 01/18/2032 | 2.272% | 5,000,000 | 5,002,895 | |
Dryden CLO Ltd.(a),(b) | ||||
Series 2018-57A Class B | ||||
3-month USD LIBOR + 1.350% Floor 1.350% 05/15/2031 | 1.475% | 1,250,000 | 1,250,039 | |
ENVA LLC(a) | ||||
Series 2019-A Class B | ||||
06/22/2026 | 6.170% | 143,069 | 143,569 | |
Exeter Automobile Receivables Trust | ||||
Subordinated Series 2020-3A Class D | ||||
07/15/2026 | 1.730% | 1,700,000 | 1,716,539 | |
GLS Auto Receivables Issuer Trust(a) | ||||
Subordinated Series 2020-3A Class C | ||||
05/15/2025 | 1.920% | 3,000,000 | 3,038,581 | |
Subordinated Series 2020-4A Class C | ||||
11/17/2025 | 1.140% | 4,875,000 | 4,881,889 | |
LendingClub Receivables Trust(a) | ||||
Series 2019-2 Class A | ||||
08/15/2025 | 4.000% | 506,040 | 512,718 | |
Lendingpoint Asset Securitization Trust(a) | ||||
Series 2021-A Class A | ||||
12/15/2028 | 1.000% | 9,647,270 | 9,645,522 | |
Series 2021-B Class A | ||||
02/15/2029 | 1.110% | 5,000,000 | 4,993,624 | |
LendingPoint Asset Securitization Trust(a) | ||||
Series 2021-1 Class A | ||||
04/15/2027 | 1.750% | 4,233,070 | 4,248,816 | |
LL ABS Trust(a) | ||||
Series 2021-1A Class A | ||||
05/15/2029 | 1.070% | 2,082,380 | 2,075,514 | |
Lucali CLO Ltd.(a),(b) | ||||
Series 2020-1A Class C | ||||
3-month USD LIBOR + 2.200% Floor 2.200% 01/15/2033 | 2.438% | 6,500,000 | 6,502,008 |
6 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2020-1A Class D | ||||
3-month USD LIBOR + 3.600% Floor 3.600% 01/15/2033 | 3.838% | 1,500,000 | 1,500,987 | |
Madison Park Funding XXIV Ltd.(a),(b) | ||||
Series 2016-24A Class BR | ||||
3-month USD LIBOR + 1.750% 10/20/2029 | 1.882% | 5,000,000 | 5,001,250 | |
Madison Park Funding XXVII Ltd.(a),(b) | ||||
Series 2018-27A Class A2 | ||||
3-month USD LIBOR + 1.350% 04/20/2030 | 1.482% | 3,700,000 | 3,691,027 | |
Marlette Funding Trust(a) | ||||
Series 2020-2A Class B | ||||
09/16/2030 | 1.830% | 4,070,518 | 4,086,593 | |
Series 2021-1A Class B | ||||
06/16/2031 | 1.000% | 1,800,000 | 1,798,813 | |
Subordinated Series 2019-4A Class B | ||||
12/17/2029 | 2.950% | 7,300,000 | 7,377,302 | |
Octagon Investment Partners 35 Ltd.(a),(b) | ||||
Series 2018-1A Class A2 | ||||
3-month USD LIBOR + 1.400% Floor 1.400% 01/20/2031 | 1.532% | 1,820,000 | 1,812,452 | |
Octagon Investment Partners XXII Ltd.(a),(b) | ||||
Series 2014-1A Class BRR | ||||
3-month USD LIBOR + 1.450% Floor 1.450% 01/22/2030 | 1.578% | 4,000,000 | 4,002,508 | |
Octane Receivables Trust(a) | ||||
Series 2019-1A Class A | ||||
09/20/2023 | 3.160% | 396,335 | 397,072 | |
OneMain Financial Issuance Trust(a) | ||||
Series 2018-1A Class A | ||||
03/14/2029 | 3.300% | 882,481 | 881,738 | |
Oportun Issuance Trust(a) | ||||
Series 2021-B Class A | ||||
05/08/2031 | 1.470% | 6,800,000 | 6,803,270 | |
OZLM XXI(a),(b) | ||||
Series 2017-21A Class A1 | ||||
3-month USD LIBOR + 1.150% 01/20/2031 | 1.282% | 7,500,000 | 7,491,480 | |
Pagaya AI Debt Selection Trust(a) | ||||
Series 2019-3 Class A | ||||
11/16/2026 | 3.821% | 1,122,413 | 1,131,629 | |
Series 2020-3 Class B | ||||
05/17/2027 | 3.220% | 3,000,000 | 3,051,390 | |
Series 2021-1 Class A | ||||
11/15/2027 | 1.180% | 11,560,904 | 11,574,021 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2021-3 Class A | ||||
05/15/2029 | 1.150% | 7,900,000 | 7,887,921 | |
Research-Driven Pagaya Motor Asset Trust IV(a) | ||||
Series 2021-2A Class A | ||||
03/25/2030 | 2.650% | 2,600,000 | 2,600,000 | |
Rockland Park CLO Ltd.(a),(b) | ||||
Series 2021-1A Class A | ||||
3-month USD LIBOR + 1.120% Floor 1.120% 04/20/2034 | 1.252% | 7,000,000 | 7,007,224 | |
RR 1 LLC(a),(b) | ||||
Series 2017-1A Class A2B | ||||
3-month USD LIBOR + 1.600% Floor 1.600% 07/15/2035 | 1.724% | 10,000,000 | 10,017,040 | |
RR 3 Ltd.(a),(b) | ||||
Series 2014-14A Class A1R2 | ||||
3-month USD LIBOR + 1.090% Floor 1.090% 01/15/2030 | 1.214% | 4,500,000 | 4,500,864 | |
Santander Drive Auto Receivables Trust | ||||
Series 2020-2 Class D | ||||
09/15/2026 | 2.220% | 6,750,000 | 6,869,518 | |
SoFi Consumer Loan Program Trust(a) | ||||
Series 2018-3 Class B | ||||
08/25/2027 | 4.020% | 673,839 | 678,101 | |
Subordinated Series 2018-2 Class C | ||||
04/26/2027 | 4.250% | 11,616,000 | 11,785,653 | |
Theorem Funding Trust(a) | ||||
Series 2020-1A Class A | ||||
10/15/2026 | 2.480% | 1,084,677 | 1,087,302 | |
Series 2021-1A Class A | ||||
12/15/2027 | 1.210% | 7,337,618 | 7,324,665 | |
Upstart Pass-Through Trust(a),(c) | ||||
Series 2020-ST4 Class A | ||||
11/20/2026 | 3.250% | 1,641,077 | 1,641,077 | |
Upstart Pass-Through Trust(a) | ||||
Series 2021-ST1 Class A | ||||
02/20/2027 | 2.750% | 1,700,670 | 1,708,841 | |
Series 2021-ST6 Class A | ||||
08/20/2027 | 1.850% | 5,407,107 | 5,382,372 | |
Series 2021-ST9 Class A | ||||
11/20/2029 | 1.700% | 3,000,000 | 2,988,694 | |
Upstart Securitization Trust(a) | ||||
Series 2021-1 Class B | ||||
03/20/2031 | 1.890% | 4,250,000 | 4,271,138 | |
Series 2021-3 Class A | ||||
07/20/2031 | 0.830% | 9,279,381 | 9,272,997 |
Columbia Bond Fund | Semiannual Report 2021 | 7 |
October 31, 2021 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2021-4 Class A | ||||
09/20/2031 | 0.840% | 5,850,000 | 5,828,498 | |
Subordinated Series 2020-3 Class B | ||||
11/20/2030 | 3.014% | 4,000,000 | 4,073,682 | |
Total Asset-Backed Securities — Non-Agency (Cost $242,825,001) | 243,138,480 | |||
Commercial Mortgage-Backed Securities - Agency 0.5% | ||||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates(d) | ||||
Series 2017-K070 Class A2 | ||||
11/25/2027 | 3.303% | 1,000,000 | 1,103,400 | |
Federal National Mortgage Association(d) | ||||
Series 2017-M15 Class ATS2 | ||||
11/25/2027 | 3.140% | 4,750,000 | 5,017,830 | |
Government National Mortgage Association(d),(e) | ||||
Series 2019-147 Class IO | ||||
06/16/2061 | 0.542% | 6,527,790 | 349,724 | |
Total Commercial Mortgage-Backed Securities - Agency (Cost $6,392,898) | 6,470,954 | |||
Commercial Mortgage-Backed Securities - Non-Agency 17.1% | ||||
American Homes 4 Rent Trust(a) | ||||
Series 2014-SFR2 Class A | ||||
10/17/2036 | 3.786% | 2,396,107 | 2,500,906 | |
Series 2014-SFR3 Class A | ||||
12/17/2036 | 3.678% | 2,978,004 | 3,107,593 | |
BAMLL Commercial Mortgage Securities Trust(a),(d) | ||||
Series 2013-WBRK Class A | ||||
03/10/2037 | 3.652% | 1,350,000 | 1,414,442 | |
BAMLL Commercial Mortgage Securities Trust(a),(b) | ||||
Series 2018-DSNY Class A | ||||
1-month USD LIBOR + 0.851% Floor 0.850% 09/15/2034 | 0.941% | 4,500,000 | 4,491,462 | |
Series 2019-RLJ Class D | ||||
1-month USD LIBOR + 1.950% Floor 1.950% 04/15/2036 | 2.040% | 1,300,000 | 1,244,672 | |
Subordinated Series 2018-DSNY Class B | ||||
1-month USD LIBOR + 1.150% Floor 1.150% 09/15/2034 | 1.241% | 9,325,000 | 9,283,917 | |
Subordinated Series 2018-DSNY Class D | ||||
1-month USD LIBOR + 1.700% Floor 1.700% 09/15/2034 | 1.791% | 1,000,000 | 993,754 |
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
BBCMS Trust(a),(b) | ||||
Series 2018-BXH Class A | ||||
1-month USD LIBOR + 1.000% Floor 1.000% 10/15/2037 | 1.090% | 2,503,753 | 2,502,968 | |
Subordinated Series 2018-BXH Class D | ||||
1-month USD LIBOR + 2.000% Floor 2.000% 10/15/2037 | 2.090% | 2,000,000 | 1,978,836 | |
BFLD Trust(a),(b) | ||||
Series 2019-DPLO Class A | ||||
1-month USD LIBOR + 1.091% Floor 1.091% 10/15/2034 | 1.180% | 3,000,000 | 2,998,126 | |
BHMS Mortgage Trust(a),(b) | ||||
Series 2018-ATLS Class A | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 07/15/2035 | 1.341% | 3,000,000 | 2,999,064 | |
Braemar Hotels & Resorts Trust(a),(b) | ||||
Series 2018-PRME Class A | ||||
1-month USD LIBOR + 0.821% Floor 0.820% 06/15/2035 | 0.911% | 8,000,000 | 7,994,639 | |
BX Commercial Mortgage Trust(a) | ||||
Series 2020-VIV4 Class A | ||||
03/09/2044 | 2.843% | 7,500,000 | 7,729,274 | |
BX Trust(a),(b) | ||||
Series 2018-GW Class A | ||||
1-month USD LIBOR + 0.800% Floor 0.800% 05/15/2035 | 0.890% | 5,950,000 | 5,946,283 | |
Series 2019-ATL Class C | ||||
1-month USD LIBOR + 1.587% Floor 1.587%, Cap 1.587% 10/15/2036 | 1.677% | 823,000 | 814,775 | |
Series 2019-ATL Class D | ||||
1-month USD LIBOR + 1.887% Floor 1.887% 10/15/2036 | 1.977% | 747,000 | 737,670 | |
BX Trust(a) | ||||
Series 2019-OC11 Class A | ||||
12/09/2041 | 3.202% | 3,400,000 | 3,604,500 | |
CHT Mortgage Trust(a),(b) | ||||
Series 2017-CSMO Class B | ||||
1-month USD LIBOR + 1.400% Floor 1.200% 11/15/2036 | 1.490% | 8,450,000 | 8,447,359 | |
Series 2017-CSMO Class C | ||||
1-month USD LIBOR + 1.500% Floor 1.350% 11/15/2036 | 1.590% | 1,600,000 | 1,599,500 |
8 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2017-CSMO Class D | ||||
1-month USD LIBOR + 2.250% Floor 2.100% 11/15/2036 | 2.340% | 2,000,000 | 1,999,375 | |
CIM Retail Portfolio Trust(a),(b) | ||||
Series 2021-RETL Class B | ||||
1-month USD LIBOR + 1.900% Floor 1.900% 08/15/2036 | 1.990% | 7,650,000 | 7,642,827 | |
Citigroup Commercial Mortgage Trust(a),(d) | ||||
Subordinated Series 2020-420K Class D | ||||
11/10/2042 | 3.422% | 2,250,000 | 2,190,954 | |
CLNY Trust(a),(b) | ||||
Series 2019-IKPR Class A | ||||
1-month USD LIBOR + 1.129% Floor 1.129% 11/15/2038 | 1.219% | 1,000,000 | 999,997 | |
COMM Mortgage Trust(a),(d) | ||||
Series 2020-CBM Class D | ||||
02/10/2037 | 3.633% | 1,750,000 | 1,748,588 | |
Corevest American Finance Trust(a) | ||||
Series 2020-4 Class A | ||||
12/15/2052 | 1.174% | 18,827,990 | 18,434,133 | |
Credit Suisse Mortgage Capital Certificates OA LLC(a) | ||||
Series 2014-USA Class A2 | ||||
09/15/2037 | 3.953% | 6,220,000 | 6,605,043 | |
Extended Stay America Trust(a),(b) | ||||
Series 2021-ESH Class C | ||||
1-month USD LIBOR + 1.700% Floor 1.700% 07/15/2038 | 1.796% | 10,669,493 | 10,679,485 | |
Hilton U.S.A. Trust(a),(d) | ||||
Subordinated Series 2016-HHV Class C | ||||
11/05/2038 | 4.194% | 1,700,000 | 1,813,379 | |
Hilton USA Trust(a) | ||||
Subordinated Series 2016-SFP Class D | ||||
11/05/2035 | 4.927% | 1,646,000 | 1,648,228 | |
Independence Plaza Trust(a) | ||||
Series 2018-INDP Class B | ||||
07/10/2035 | 3.911% | 4,000,000 | 4,144,569 | |
Invitation Homes Trust(a),(b) | ||||
Series 2017-SFR2 Class A | ||||
1-month USD LIBOR + 0.850% Floor 0.850% 12/17/2036 | 0.941% | 1,635,586 | 1,636,598 | |
Series 2018-SFR2 Class A | ||||
1-month USD LIBOR + 0.900% Floor 0.900% 06/17/2037 | 0.990% | 1,576,640 | 1,577,202 |
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2018-SFR2 Class C | ||||
1-month USD LIBOR + 1.280% Floor 1.350% 06/17/2037 | 1.370% | 999,843 | 1,000,197 | |
Subordinated Series 2018-SFR4 Class C | ||||
1-month USD LIBOR + 1.400% Floor 1.250% 01/17/2038 | 1.484% | 1,999,908 | 2,001,153 | |
JPMorgan Chase Commercial Mortgage Securities Trust(a),(d) | ||||
Subordinated Series 2021-2NU Class C | ||||
01/05/2040 | 2.077% | 1,750,000 | 1,712,682 | |
Morgan Stanley Capital I Trust(a),(d) | ||||
Series 2019-MEAD Class D | ||||
11/10/2036 | 3.283% | 1,200,000 | 1,183,075 | |
One New York Plaza Trust(a),(b) | ||||
Subordinated Series 2020-1NYP Class B | ||||
1-month USD LIBOR + 1.500% Floor 1.500% 01/15/2026 | 1.590% | 15,000,000 | 15,028,050 | |
Subordinated Series 2020-1NYP Class C | ||||
1-month USD LIBOR + 2.200% Floor 2.200% 01/15/2026 | 2.290% | 5,000,000 | 5,018,701 | |
Progress Residential Trust(a) | ||||
Series 2019-SFR1 Class E | ||||
08/17/2035 | 4.466% | 1,100,000 | 1,108,133 | |
Series 2020-SFR1 Class E | ||||
04/17/2037 | 3.032% | 1,800,000 | 1,826,916 | |
Series 2020-SFR3 Class B | ||||
10/17/2027 | 1.495% | 4,000,000 | 3,925,902 | |
Series 2020-SFR3 Class C | ||||
10/17/2027 | 1.695% | 6,250,000 | 6,153,398 | |
SFO Commercial Mortgage Trust(a),(b) | ||||
Series 2021-555 Class A | ||||
1-month USD LIBOR + 1.150% Floor 1.150% 05/15/2038 | 1.240% | 8,000,000 | 8,002,534 | |
Tricon American Homes(a) | ||||
Series 2020-SFR1 Class C | ||||
07/17/2038 | 2.249% | 7,000,000 | 6,990,442 | |
UBS Commercial Mortgage Trust(a),(b) | ||||
Series 2018-NYCH Class A | ||||
1-month USD LIBOR + 0.851% Floor 0.851% 02/15/2032 | 0.940% | 1,737,226 | 1,729,316 | |
Series 2018-NYCH Class B | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 02/15/2032 | 1.340% | 900,000 | 896,060 |
Columbia Bond Fund | Semiannual Report 2021 | 9 |
October 31, 2021 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Wells Fargo Commercial Mortgage Trust(a),(b) | ||||
Series 2017-SMP Class A | ||||
1-month USD LIBOR + 0.875% Floor 0.750% 12/15/2034 | 0.965% | 4,720,000 | 4,714,369 | |
Series 2020-SDAL Class D | ||||
1-month USD LIBOR + 2.090% Floor 2.090% 02/15/2037 | 2.180% | 5,600,000 | 5,460,172 | |
Subordinated Series 2017-SMP Class C | ||||
1-month USD LIBOR + 1.325% Floor 1.200% 12/15/2034 | 1.416% | 800,000 | 797,234 | |
Total Commercial Mortgage-Backed Securities - Non-Agency (Cost $197,425,361) | 199,058,452 |
Common Stocks 0.0% | ||
Issuer | Shares | Value ($) |
Consumer Staples 0.0% | ||
Beverages 0.0% | ||
Crimson Wine Group Ltd.(f) | 3 | 27 |
Total Consumer Staples | 27 | |
Financials 0.0% | ||
Capital Markets 0.0% | ||
Jefferies Financial Group, Inc. | 39 | 1,677 |
Total Financials | 1,677 | |
Total Common Stocks (Cost $—) | 1,704 |
Corporate Bonds & Notes 15.0% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Aerospace & Defense 0.2% | ||||
Northrop Grumman Corp. | ||||
01/15/2028 | 3.250% | 1,720,000 | 1,851,666 | |
United Technologies Corp. | ||||
11/16/2028 | 4.125% | 660,000 | 747,974 | |
Total | 2,599,640 | |||
Banking 3.8% | ||||
Bank of America Corp.(g) | ||||
07/23/2031 | 1.898% | 7,130,000 | 6,812,692 | |
10/24/2031 | 1.922% | 2,300,000 | 2,192,980 | |
Citigroup, Inc.(g) | ||||
06/03/2031 | 2.572% | 1,145,000 | 1,153,556 | |
05/01/2032 | 2.561% | 1,119,000 | 1,122,066 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Citigroup, Inc.(g),(h) | ||||
11/03/2032 | 2.520% | 1,397,000 | 1,391,848 | |
Goldman Sachs Group, Inc. (The)(g) | ||||
05/01/2029 | 4.223% | 1,080,000 | 1,209,741 | |
07/21/2032 | 2.383% | 3,953,000 | 3,885,926 | |
HSBC Holdings PLC(g) | ||||
05/24/2032 | 2.804% | 4,040,000 | 4,068,059 | |
JPMorgan Chase & Co.(g) | ||||
10/15/2030 | 2.739% | 1,812,000 | 1,860,742 | |
04/22/2032 | 2.580% | 10,074,000 | 10,146,377 | |
Morgan Stanley(g) | ||||
07/21/2032 | 2.239% | 3,037,000 | 2,965,056 | |
10/20/2032 | 2.511% | 1,593,000 | 1,589,872 | |
Wells Fargo & Co.(g) | ||||
10/30/2030 | 2.879% | 593,000 | 614,475 | |
02/11/2031 | 2.572% | 5,442,000 | 5,504,018 | |
Total | 44,517,408 | |||
Cable and Satellite 0.4% | ||||
Charter Communications Operating LLC/Capital | ||||
05/01/2047 | 5.375% | 610,000 | 738,393 | |
06/30/2062 | 3.950% | 4,214,000 | 4,138,273 | |
Total | 4,876,666 | |||
Diversified Manufacturing 0.6% | ||||
Carrier Global Corp. | ||||
04/05/2040 | 3.377% | 1,111,000 | 1,161,035 | |
04/05/2050 | 3.577% | 1,028,000 | 1,110,939 | |
General Electric Co. | ||||
03/15/2032 | 6.750% | 1,176,000 | 1,627,247 | |
General Electric Co.(b) | ||||
Junior Subordinated | ||||
3-month USD LIBOR + 3.330% 12/31/2049 | 3.446% | 2,995,000 | 2,920,175 | |
Total | 6,819,396 | |||
Electric 2.7% | ||||
AEP Texas, Inc. | ||||
01/15/2050 | 3.450% | 2,980,000 | 3,149,182 | |
Berkshire Hathaway Energy Co. | ||||
10/15/2050 | 4.250% | 160,000 | 197,689 | |
CMS Energy Corp. | ||||
03/01/2024 | 3.875% | 173,000 | 183,098 | |
11/15/2025 | 3.600% | 50,000 | 53,634 | |
Consolidated Edison Co. of New York, Inc. | ||||
04/01/2050 | 3.950% | 560,000 | 652,836 | |
DTE Energy Co. | ||||
10/01/2026 | 2.850% | 4,075,000 | 4,277,586 |
10 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Duke Energy Corp. | ||||
09/01/2046 | 3.750% | 3,035,000 | 3,307,882 | |
Emera US Finance LP | ||||
06/15/2046 | 4.750% | 2,910,000 | 3,500,162 | |
Eversource Energy | ||||
01/15/2028 | 3.300% | 2,370,000 | 2,552,428 | |
Georgia Power Co. | ||||
03/15/2042 | 4.300% | 1,885,000 | 2,182,092 | |
Pacific Gas and Electric Co. | ||||
07/01/2050 | 4.950% | 3,660,000 | 4,052,304 | |
PacifiCorp | ||||
02/15/2050 | 4.150% | 1,625,000 | 1,962,952 | |
Southern Co. (The) | ||||
07/01/2046 | 4.400% | 1,624,000 | 1,936,906 | |
WEC Energy Group, Inc. | ||||
10/15/2027 | 1.375% | 975,000 | 947,291 | |
Xcel Energy, Inc. | ||||
06/01/2030 | 3.400% | 2,425,000 | 2,631,327 | |
Total | 31,587,369 | |||
Finance Companies 0.4% | ||||
GE Capital International Funding Co. Unlimited Co. | ||||
11/15/2035 | 4.418% | 4,063,000 | 4,947,300 | |
Food and Beverage 1.3% | ||||
Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | ||||
02/01/2046 | 4.900% | 6,417,000 | 8,184,381 | |
Bacardi Ltd.(a) | ||||
05/15/2048 | 5.300% | 3,445,000 | 4,609,257 | |
Kraft Heinz Foods Co. | ||||
06/01/2046 | 4.375% | 1,808,000 | 2,110,222 | |
Total | 14,903,860 | |||
Health Care 0.7% | ||||
Becton Dickinson and Co.(b) | ||||
3-month USD LIBOR + 1.030% 06/06/2022 | 1.148% | 963,000 | 967,968 | |
Becton Dickinson and Co. | ||||
06/06/2024 | 3.363% | 191,000 | 201,390 | |
06/06/2027 | 3.700% | 2,345,000 | 2,559,810 | |
02/11/2031 | 1.957% | 910,000 | 881,780 | |
CVS Health Corp. | ||||
03/25/2048 | 5.050% | 2,380,000 | 3,130,558 | |
Total | 7,741,506 | |||
Independent Energy 0.0% | ||||
Canadian Natural Resources Ltd. | ||||
06/30/2033 | 6.450% | 110,000 | 143,382 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Integrated Energy 0.1% | ||||
Chevron USA, Inc. | ||||
04/01/2027 | 8.000% | 809,000 | 1,071,139 | |
Life Insurance 0.2% | ||||
Guardian Life Insurance Co. of America (The)(a) | ||||
Subordinated | ||||
06/19/2064 | 4.875% | 1,000,000 | 1,333,430 | |
Massachusetts Mutual Life Insurance Co.(a) | ||||
Subordinated | ||||
10/15/2070 | 3.729% | 357,000 | 397,028 | |
Peachtree Corners Funding Trust(a) | ||||
02/15/2025 | 3.976% | 335,000 | 360,502 | |
Teachers Insurance & Annuity Association of America(a) | ||||
Subordinated | ||||
09/15/2044 | 4.900% | 475,000 | 621,588 | |
Total | 2,712,548 | |||
Midstream 0.8% | ||||
Kinder Morgan, Inc. | ||||
02/15/2046 | 5.050% | 2,165,000 | 2,632,120 | |
MPLX LP | ||||
04/15/2048 | 4.700% | 1,175,000 | 1,376,869 | |
Plains All American Pipeline LP/Finance Corp. | ||||
06/15/2044 | 4.700% | 2,780,000 | 3,006,223 | |
Western Gas Partners LP | ||||
08/15/2048 | 5.500% | 550,000 | 650,272 | |
Williams Companies, Inc. (The) | ||||
09/15/2045 | 5.100% | 771,000 | 967,516 | |
10/15/2051 | 3.500% | 917,000 | 938,466 | |
Total | 9,571,466 | |||
Natural Gas 0.6% | ||||
NiSource, Inc. | ||||
09/01/2029 | 2.950% | 1,000,000 | 1,042,409 | |
05/01/2030 | 3.600% | 1,535,000 | 1,674,095 | |
02/15/2043 | 5.250% | 455,000 | 594,569 | |
02/15/2044 | 4.800% | 50,000 | 62,302 | |
05/15/2047 | 4.375% | 2,380,000 | 2,880,500 | |
Sempra Energy | ||||
06/15/2027 | 3.250% | 92,000 | 98,189 | |
Total | 6,352,064 | |||
Pharmaceuticals 0.3% | ||||
AbbVie, Inc. | ||||
06/15/2044 | 4.850% | 2,780,000 | 3,502,034 | |
Railroads 0.0% | ||||
Union Pacific Corp. | ||||
04/06/2071 | 3.799% | 405,000 | 475,034 |
Columbia Bond Fund | Semiannual Report 2021 | 11 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Retailers 0.1% | ||||
Lowe’s Companies, Inc. | ||||
05/03/2047 | 4.050% | 790,000 | 921,894 | |
10/15/2050 | 3.000% | 420,000 | 420,660 | |
Total | 1,342,554 | |||
Technology 0.8% | ||||
Broadcom, Inc.(a) | ||||
04/15/2034 | 3.469% | 2,096,000 | 2,159,071 | |
11/15/2036 | 3.187% | 876,000 | 859,783 | |
NXP BV/Funding LLC/USA, Inc.(a) | ||||
05/01/2030 | 3.400% | 200,000 | 214,503 | |
Oracle Corp. | ||||
04/01/2050 | 3.600% | 3,945,000 | 4,030,162 | |
03/25/2061 | 4.100% | 1,305,000 | 1,426,042 | |
Total | 8,689,561 | |||
Wireless 0.4% | ||||
American Tower Corp. | ||||
08/15/2029 | 3.800% | 3,245,000 | 3,567,655 | |
T-Mobile USA, Inc. | ||||
04/15/2030 | 3.875% | 330,000 | 361,008 | |
02/15/2041 | 3.000% | 635,000 | 610,920 | |
Total | 4,539,583 | |||
Wirelines 1.6% | ||||
AT&T, Inc. | ||||
09/15/2055 | 3.550% | 2,847,000 | 2,884,062 | |
12/01/2057 | 3.800% | 5,516,000 | 5,795,960 | |
Verizon Communications, Inc.(a) | ||||
03/15/2032 | 2.355% | 3,846,000 | 3,787,522 | |
Verizon Communications, Inc. | ||||
08/10/2033 | 4.500% | 2,744,000 | 3,238,665 | |
03/22/2061 | 3.700% | 2,872,000 | 3,124,344 | |
Total | 18,830,553 | |||
Total Corporate Bonds & Notes (Cost $170,079,783) | 175,223,063 | |||
Residential Mortgage-Backed Securities - Agency 21.6% | ||||
Federal Home Loan Mortgage Corp. | ||||
05/01/2041 | 5.000% | 158,413 | 174,339 | |
Federal Home Loan Mortgage Corp.(i) | ||||
06/01/2043 | 4.000% | 1,572,755 | 1,725,682 | |
Federal Home Loan Mortgage Corp.(b),(e) | ||||
CMO Series 4903 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 08/25/2049 | 5.961% | 2,763,917 | 540,480 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Federal National Mortgage Association | ||||
08/01/2029- 09/01/2045 | 3.000% | 4,322,289 | 4,573,230 | |
07/01/2038 | 6.000% | 773,506 | 914,138 | |
05/01/2043- 10/01/2045 | 3.500% | 3,266,914 | 3,532,911 | |
02/01/2048 | 4.000% | 1,016,908 | 1,098,001 | |
Federal National Mortgage Association(i) | ||||
01/01/2040 | 5.500% | 912,415 | 1,052,412 | |
08/01/2040 | 4.500% | 1,438,853 | 1,602,934 | |
09/01/2040 | 5.000% | 604,464 | 685,355 | |
07/01/2045- 02/01/2046 | 3.500% | 2,460,744 | 2,639,215 | |
11/01/2045 | 4.000% | 718,490 | 776,651 | |
Federal National Mortgage Association(b),(e) | ||||
CMO Series 2016-53 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 08/25/2046 | 5.911% | 893,208 | 221,567 | |
CMO Series 2016-57 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 08/25/2046 | 5.911% | 2,344,282 | 557,289 | |
CMO Series 2016-93 Class SL | ||||
-1.0 x 1-month USD LIBOR + 6.650% Cap 6.650% 12/25/2046 | 6.561% | 3,538,180 | 628,380 | |
CMO Series 2017-109 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 01/25/2048 | 6.061% | 1,125,815 | 238,162 | |
CMO Series 2017-20 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.100% Cap 6.100% 04/25/2047 | 6.011% | 966,668 | 228,271 | |
CMO Series 2017-54 Class SN | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 07/25/2047 | 6.061% | 1,870,328 | 456,715 | |
CMO Series 2018-66 Class SM | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 09/25/2048 | 6.111% | 1,305,663 | 273,622 |
12 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2018-74 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 10/25/2048 | 6.061% | 1,688,298 | 332,601 | |
CMO Series 2019-33 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 07/25/2049 | 5.961% | 4,193,184 | 758,511 | |
CMO Series 2019-60 Class SH | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 10/25/2049 | 5.961% | 1,529,035 | 356,383 | |
CMO Series 2019-67 Class SE | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 11/25/2049 | 5.961% | 2,418,803 | 537,795 | |
Federal National Mortgage Association(e) | ||||
CMO Series 2021-3 Class TI | ||||
02/25/2051 | 2.500% | 24,276,691 | 4,114,037 | |
Freddie Mac REMICS(e) | ||||
CMO Series 5152 Class XI | ||||
11/25/2050 | 2.500% | 16,314,673 | 2,366,120 | |
Government National Mortgage Association(b) | ||||
1-year CMT + 1.500% Floor 1.000, Cap 11.000 04/20/2022- 04/20/2028 | 1.875% | 3,582 | 3,633 | |
1-year CMT + 1.500% Floor 1.500%, Cap 11.500% 07/20/2022 | 2.250% | 1,061 | 1,064 | |
Government National Mortgage Association(i) | ||||
04/20/2048 | 4.500% | 1,216,243 | 1,303,789 | |
Government National Mortgage Association(b),(e) | ||||
CMO Series 2017-112 Class SJ | ||||
-1.0 x 1-month USD LIBOR + 5.660% Cap 5.660% 07/20/2047 | 5.574% | 3,736,984 | 566,187 | |
CMO Series 2017-130 Class HS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2047 | 6.114% | 1,095,820 | 261,856 | |
CMO Series 2017-149 Class BS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 10/20/2047 | 6.114% | 1,507,223 | 335,873 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2017-163 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 11/20/2047 | 6.114% | 727,899 | 148,185 | |
CMO Series 2017-37 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 03/20/2047 | 6.064% | 934,073 | 217,770 | |
CMO Series 2018-103 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2048 | 6.114% | 968,276 | 151,994 | |
CMO Series 2018-112 Class LS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2048 | 6.114% | 1,117,640 | 187,165 | |
CMO Series 2018-125 Class SK | ||||
-1.0 x 1-month USD LIBOR + 6.250% Cap 6.250% 09/20/2048 | 6.164% | 1,355,767 | 263,924 | |
CMO Series 2018-134 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 10/20/2048 | 6.114% | 1,156,389 | 188,559 | |
CMO Series 2018-148 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 01/20/2048 | 6.114% | 2,213,584 | 507,319 | |
CMO Series 2018-151 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 11/20/2048 | 6.064% | 1,898,291 | 308,608 | |
CMO Series 2018-89 Class MS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 06/20/2048 | 6.114% | 1,173,993 | 237,903 | |
CMO Series 2018-91 Class DS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 07/20/2048 | 6.114% | 1,301,262 | 206,911 |
Columbia Bond Fund | Semiannual Report 2021 | 13 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2019-20 Class JS | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 02/20/2049 | 5.914% | 1,771,240 | 308,240 | |
CMO Series 2019-5 Class SH | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 01/20/2049 | 6.064% | 1,314,567 | 228,469 | |
CMO Series 2019-56 Class SG | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 05/20/2049 | 6.064% | 1,398,644 | 225,443 | |
CMO Series 2019-59 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 05/20/2049 | 5.964% | 1,406,114 | 217,686 | |
CMO Series 2019-85 Class SC | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 07/20/2049 | 6.064% | 1,315,186 | 216,116 | |
CMO Series 2019-90 Class SD | ||||
-1.0 x 1-month USD LIBOR + 6.150% 07/20/2049 | 6.064% | 3,111,726 | 553,055 | |
CMO Series 2019-92 Class SD | ||||
-1.0 x 1-month USD LIBOR + 6.100% Cap 6.100% 07/20/2049 | 6.014% | 7,438,288 | 1,391,930 | |
CMO Series 2020-188 Class SA | ||||
1-month USD LIBOR + 6.300% Cap 6.300% 12/20/2050 | 6.214% | 14,523,808 | 3,338,795 | |
CMO Series 2020-21 Class VS | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 02/20/2050 | 5.964% | 1,071,921 | 164,736 | |
CMO Series 2020-62 Class SG | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 05/20/2050 | 6.064% | 1,853,524 | 300,908 | |
Government National Mortgage Association(e) | ||||
CMO Series 2020-164 Class CI | ||||
11/20/2050 | 3.000% | 9,338,146 | 1,333,810 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2020-175 Class KI | ||||
11/20/2050 | 2.500% | 23,826,285 | 3,448,462 | |
CMO Series 2020-191 Class UG | ||||
12/20/2050 | 3.500% | 9,283,427 | 1,425,603 | |
CMO Series 2021-119 Class QI | ||||
07/20/2051 | 3.000% | 9,411,475 | 1,320,011 | |
CMO Series 2021-139 Class IC | ||||
08/20/2051 | 3.000% | 22,906,025 | 3,234,633 | |
CMO Series 2021-16 Class KI | ||||
01/20/2051 | 2.500% | 11,088,840 | 1,621,774 | |
CMO Series 2021-9 Class MI | ||||
01/20/2051 | 2.500% | 11,261,348 | 1,320,142 | |
Government National Mortgage Association TBA(h) | ||||
11/18/2051 | 2.000% | 20,000,000 | 20,243,750 | |
11/18/2051 | 2.500% | 12,000,000 | 12,334,687 | |
Uniform Mortgage-Backed Security TBA(h) | ||||
11/16/2036- 11/10/2051 | 2.000% | 49,000,000 | 49,252,149 | |
11/16/2036- 12/13/2051 | 2.500% | 57,100,000 | 58,561,181 | |
11/16/2036- 11/10/2051 | 3.000% | 39,978,000 | 41,724,275 | |
11/16/2036 | 3.500% | 4,000,000 | 4,243,402 | |
11/10/2051 | 4.000% | 9,000,000 | 9,636,311 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $249,501,536) | 251,921,109 | |||
Residential Mortgage-Backed Securities - Non-Agency 35.9% | ||||
510 Asset Backed Trust(a),(d) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
06/25/2061 | 2.116% | 4,610,330 | 4,574,890 | |
American Mortgage Trust(c),(d),(j) | ||||
CMO Series 2093-3 Class 3A | ||||
07/27/2023 | 8.188% | 54 | 33 | |
Angel Oak Mortgage Trust(a),(d) | ||||
CMO Series 2020-1 Class M1 | ||||
12/25/2059 | 3.161% | 3,000,000 | 3,006,220 | |
CMO Series 2020-3 Class A1 | ||||
04/25/2065 | 1.691% | 4,616,805 | 4,643,361 | |
CMO Series 2021-5 Class A2 | ||||
07/25/2066 | 1.208% | 7,076,370 | 7,047,813 | |
Angel Oak Mortgage Trust I LLC(a),(d) | ||||
CMO Series 2018-3 Class M1 | ||||
09/25/2048 | 4.421% | 960,000 | 959,221 | |
Arroyo Mortgage Trust(a),(d) | ||||
CMO Series 2019-2 Class A3 | ||||
04/25/2049 | 3.800% | 331,528 | 334,740 |
14 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Bayview Opportunity Master Fund IVb Trust(a) | ||||
CMO Series 2017-SPL3 Class A | ||||
11/28/2053 | 4.000% | 1,471,010 | 1,488,861 | |
Bellemeade Re Ltd.(a),(b) | ||||
CMO Series 2018-1A Class M1B | ||||
1-month USD LIBOR + 1.600% 04/25/2028 | 1.686% | 2,974,340 | 2,974,340 | |
CMO Series 2018-1A Class M2 | ||||
1-month USD LIBOR + 2.900% 04/25/2028 | 2.986% | 5,000,000 | 5,026,753 | |
CMO Series 2019-2A Class M1C | ||||
1-month USD LIBOR + 2.000% Floor 2.000% 04/25/2029 | 2.089% | 4,250,000 | 4,260,585 | |
CMO Series 2019-3A Class M1A | ||||
1-month USD LIBOR + 1.100% Floor 1.100% 07/25/2029 | 1.189% | 36,415 | 36,415 | |
CMO Series 2019-3A Class M1B | ||||
1-month USD LIBOR + 1.600% Floor 1.600% 07/25/2029 | 1.689% | 3,200,000 | 3,208,930 | |
CMO Series 2019-3A Class M1C | ||||
1-month USD LIBOR + 1.950% Floor 1.950% 07/25/2029 | 2.039% | 3,500,000 | 3,499,999 | |
CMO Series 2020-3A Class M1A | ||||
1-month USD LIBOR + 2.000% Floor 2.000% 10/25/2030 | 2.089% | 2,909,102 | 2,918,764 | |
CMO Series 2021-2A Class M1A | ||||
30-day Average SOFR + 1.200% Floor 1.200% 06/25/2031 | 1.210% | 4,000,000 | 4,009,941 | |
CMO Series 2021-2A Class M1B | ||||
30-day Average SOFR + 1.500% Floor 1.500% 06/25/2031 | 1.510% | 2,000,000 | 2,003,410 | |
BRAVO Residential Funding Trust(a),(d) | ||||
CMO Series 2019-NQM2 Class A1 | ||||
11/25/2059 | 2.748% | 248,804 | 251,707 | |
CMO Series 2019-NQM2 Class A3 | ||||
11/25/2059 | 3.108% | 106,630 | 107,723 | |
CMO Series 2019-NQM2 Class M1 | ||||
11/25/2059 | 3.451% | 300,000 | 300,578 | |
CMO Series 2020-NQM1 Class M1 | ||||
05/25/2060 | 3.181% | 2,500,000 | 2,541,879 | |
CMO Series 2020-RPL2 Class A1 | ||||
05/25/2059 | 2.000% | 2,434,884 | 2,453,024 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Bunker Hill Loan Depositary Trust(a),(d) | ||||
CMO Series 2019-3 Class A2 | ||||
11/25/2059 | 2.981% | 1,926,709 | 1,951,043 | |
CMO Series 2019-3 Class A3 | ||||
11/25/2059 | 3.135% | 2,807,490 | 2,840,126 | |
CMO Series 2020-1 Class A1 | ||||
02/25/2055 | 1.724% | 6,049,260 | 6,102,412 | |
BVRT Financing Trust(a),(b),(c) | ||||
CMO Series 2020-CRT1 Class M1 | ||||
1-month USD LIBOR + 1.750% 07/10/2032 | 1.827% | 160,334 | 160,535 | |
CMO Series 2021-3F Class M1 | ||||
30-day Average SOFR + 1.750% Floor 1.750% 07/12/2033 | 1.800% | 5,557,841 | 5,557,841 | |
CMO Series 2021-3F Class M2 | ||||
30-day Average SOFR + 2.900% Floor 2.900% 07/12/2033 | 2.950% | 6,000,000 | 6,000,000 | |
CMO Series 2021-CRT2 Class M1 | ||||
1-month USD LIBOR + 1.750% Floor 1.750% 11/10/2032 | 1.836% | 304,689 | 304,689 | |
CMO Series 2021-CRT3 Class M1 | ||||
30-day Average SOFR + 1.550% Floor 1.550% 01/10/2031 | 1.600% | 1,309,988 | 1,309,988 | |
BVRT Financing Trust(a),(b),(c),(j) | ||||
CMO Series 2021-2F Class M1 | ||||
30-day Average SOFR + 1.550% Floor 1.550% 01/10/2032 | 1.600% | 602,858 | 602,858 | |
CMO Series 2021-CRT1 Class M2 | ||||
1-month USD LIBOR + 2.250% Floor 2.250% 01/10/2033 | 2.345% | 1,751,490 | 1,760,248 | |
CIM Trust(a),(b) | ||||
CMO Series 2018-R6 Class A1 | ||||
1-month USD LIBOR + 1.076% Floor 1.080% 09/25/2058 | 1.162% | 1,023,831 | 1,021,507 | |
Citigroup Mortgage Loan Trust, Inc.(a),(d) | ||||
CMO Series 2015-A Class A4 | ||||
06/25/2058 | 4.250% | 17,881 | 17,994 | |
COLT Mortgage Loan Trust(a),(d) | ||||
CMO Series 2020-2 Class A2 | ||||
03/25/2065 | 3.094% | 350,000 | 352,946 | |
CMO Series 2021-3 Class A1 | ||||
09/27/2066 | 0.956% | 3,676,187 | 3,672,362 |
Columbia Bond Fund | Semiannual Report 2021 | 15 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Credit Suisse Mortgage Capital Certificates(a),(d) | ||||
CMO Series 2020-SPT1 Class A1 | ||||
04/25/2065 | 1.616% | 1,349,641 | 1,353,762 | |
Credit Suisse Mortgage Trust(a),(d) | ||||
CMO Series 2021-RPL2 Class A1A | ||||
01/25/2060 | 1.115% | 4,200,787 | 4,086,009 | |
CSMC Trust(a),(d) | ||||
CMO Series 2020-RPL2 Class A12 | ||||
02/25/2060 | 3.431% | 1,082,993 | 1,108,320 | |
CMO Series 2020-RPL6 Class A1 | ||||
03/25/2059 | 2.688% | 11,057,725 | 10,967,504 | |
Subordinated CMO Series 2020-RPL3 Class A1 | ||||
03/25/2060 | 2.691% | 3,257,590 | 3,271,283 | |
Deephaven Residential Mortgage Trust(a),(d) | ||||
CMO Series 2021-1 Class A2 | ||||
05/25/2065 | 0.973% | 1,544,763 | 1,535,692 | |
Eagle Re Ltd.(a),(b) | ||||
CMO Series 2018-1 Class M1 | ||||
1-month USD LIBOR + 1.700% Floor 1.700% 11/25/2028 | 1.789% | 275,303 | 275,576 | |
CMO Series 2021-1 Class M1A | ||||
30-day Average SOFR + 1.700% Floor 1.700% 10/25/2033 | 1.710% | 7,500,000 | 7,521,687 | |
Subordinated CMO Series 2020-1 Class M1B | ||||
1-month USD LIBOR + 1.450% 01/25/2030 | 1.539% | 3,100,000 | 3,079,108 | |
Ellington Financial Mortgage Trust(a),(d) | ||||
CMO Series 2020-1 Class A3 | ||||
06/25/2065 | 4.000% | 550,000 | 561,302 | |
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes(b) | ||||
CMO Series 2014-DN3 Class M3 | ||||
1-month USD LIBOR + 4.000% 08/25/2024 | 4.089% | 1,769,908 | 1,812,932 | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
CMO Series 2020-DNA4 Class M2 | ||||
1-month USD LIBOR + 3.750% Floor 3.750% 08/25/2050 | 3.839% | 480,994 | 484,914 | |
CMO Series 2021-DNA3 Class M1 | ||||
30-day Average SOFR + 0.750% 10/25/2033 | 0.799% | 8,000,000 | 8,003,802 | |
Freddie Mac Structured Agency Credit Risk Debt Notes(b) | ||||
CMO Series 2014-DN4 Class M3 | ||||
1-month USD LIBOR + 4.550% 10/25/2024 | 4.639% | 2,229,670 | 2,296,454 | |
FWD Securitization Trust(a),(d) | ||||
CMO Series 2020-INV1 Class M1 | ||||
01/25/2050 | 2.850% | 3,500,000 | 3,499,344 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
GCAT LLC(a),(d) | ||||
CMO Series 2021-CM1 Class A1 | ||||
04/25/2065 | 1.469% | 4,908,520 | 4,898,188 | |
GS Mortgage-Backed Securities Corp. Trust(a),(d) | ||||
CMO Series 2021-NQM1 Class A1 | ||||
07/25/2061 | 1.017% | 4,489,469 | 4,488,734 | |
Legacy Mortgage Asset Trust(a),(d) | ||||
CMO Series 2021-GS2 Class A1 | ||||
04/25/2061 | 1.750% | 2,570,441 | 2,558,781 | |
CMO Series 2021-SL2 Class A | ||||
10/25/2068 | 1.875% | 4,247,890 | 4,228,469 | |
Loan Revolving Advance Investment Trust(a),(b),(c),(j) | ||||
CMO Series 2021-1 Class A1X | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 12/31/2022 | 2.838% | 4,000,000 | 4,000,000 | |
CMO Series 2021-2 Class A1X | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 06/30/2023 | 2.838% | 4,000,000 | 4,000,000 | |
Mello Warehouse Securitization Trust(a),(b) | ||||
CMO Series 2020-2 Class B | ||||
1-month USD LIBOR + 1.100% Floor 1.100% 11/25/2053 | 1.189% | 18,000,000 | 17,961,318 | |
CMO Series 2020-2 Class C | ||||
1-month USD LIBOR + 1.300% Floor 1.300% 11/25/2053 | 1.389% | 7,000,000 | 7,001,493 | |
MFA Trust(a),(d) | ||||
CMO Series 2020-NQM2 Class M1 | ||||
04/25/2065 | 3.034% | 3,500,000 | 3,544,881 | |
CMO Series 2020-NQM3 Class A1 | ||||
01/26/2065 | 1.014% | 10,937,695 | 10,943,642 | |
CMO Series 2020-NQM3 Class A2 | ||||
01/26/2065 | 1.324% | 4,375,078 | 4,378,978 | |
CMO Series 2020-NQM3 Class A3 | ||||
01/26/2065 | 1.632% | 3,281,308 | 3,285,321 | |
MFRA Trust(a),(d) | ||||
CMO Series 2021-INV1 Class A2 | ||||
01/25/2056 | 1.057% | 742,355 | 738,586 | |
CMO Series 2021-INV1 Class A3 | ||||
01/25/2056 | 1.262% | 1,157,332 | 1,151,403 | |
Mill City Mortgage Loan Trust(a) | ||||
CMO Series 2016-1 Class A1 | ||||
04/25/2057 | 2.500% | 51,152 | 51,200 |
16 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
MRA Issuance Trust(a),(b) | ||||
CMO Series 2021-14 Class A1X | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 02/15/2022 | 1.336% | 10,000,000 | 10,003,366 | |
CMO Series 2021-EBO4 Class A1X | ||||
1-month USD LIBOR + 1.750% Floor 1.750% 02/16/2022 | 1.840% | 5,000,000 | 5,002,027 | |
CMO Series 2021-NA1 Class A1X | ||||
1-month USD LIBOR + 1.500% Floor 1.500% 03/08/2022 | 1.600% | 6,000,000 | 6,005,741 | |
MRA Issuance Trust(a),(b),(c),(j) | ||||
CMO Series 2021-EBO8 Class A1 | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 02/16/2022 | 2.846% | 3,000,000 | 3,000,000 | |
New Residential Mortgage LLC(a) | ||||
CMO Series 2018-FNT2 Class A | ||||
07/25/2054 | 3.790% | 577,236 | 578,514 | |
Subordinated CMO Series 2018-FNT1 Class D | ||||
05/25/2023 | 4.690% | 478,898 | 479,392 | |
New Residential Mortgage Loan Trust(a),(d) | ||||
CMO Series 2018-1A Class A1A | ||||
12/25/2057 | 4.000% | 8,958,417 | 9,497,857 | |
NRZ Excess Spread-Collateralized Notes(a) | ||||
Series 2020-PLS1 Class A | ||||
12/25/2025 | 3.844% | 5,248,537 | 5,277,013 | |
Oaktown Re II Ltd.(a),(b) | ||||
CMO Series 2018-1A Class M1 | ||||
1-month USD LIBOR + 1.550% 07/25/2028 | 1.639% | 413,106 | 416,142 | |
Oaktown Re III Ltd.(a),(b) | ||||
CMO Series 2019-1A Class M1A | ||||
1-month USD LIBOR + 1.400% Floor 1.400% 07/25/2029 | 1.489% | 25,204 | 25,209 | |
CMO Series 2019-1A Class M1B | ||||
1-month USD LIBOR + 1.950% Floor 1.950% 07/25/2029 | 2.039% | 1,500,000 | 1,520,710 | |
Oaktown Re V Ltd.(a),(b) | ||||
Subordinated CMO Series 2020-2A Class M1A | ||||
1-month USD LIBOR + 2.400% Floor 2.400% 10/25/2030 | 2.489% | 70,190 | 70,223 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Oaktown Re VI Ltd.(a),(b) | ||||
CMO Series 2021-1A Class M1A | ||||
30-day Average SOFR + 1.650% Floor 1.650% 10/25/2033 | 1.699% | 5,500,000 | 5,522,450 | |
OSAT Trust(a),(d) | ||||
CMO Series 2020-RPL1 Class A1 | ||||
12/26/2059 | 3.072% | 1,188,525 | 1,191,475 | |
PMT Credit Risk Transfer Trust(a),(b) | ||||
CMO Series 2019-1R Class A | ||||
1-month USD LIBOR + 2.000% Floor 2.000% 03/27/2024 | 2.088% | 744,062 | 742,569 | |
Series 2019-2R Class A | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 05/27/2023 | 2.838% | 623,813 | 617,968 | |
PNMAC GMSR Issuer Trust(a),(b) | ||||
CMO Series 2018-GT1 Class A | ||||
1-month USD LIBOR + 2.850% Floor 2.850% 02/25/2023 | 2.939% | 10,700,000 | 10,724,890 | |
CMO Series 2018-GT2 Class A | ||||
1-month USD LIBOR + 2.650% 08/25/2025 | 2.739% | 3,950,000 | 3,948,818 | |
Preston Ridge Partners Mortgage(a),(d) | ||||
CMO Series 2021-2 Class A1 | ||||
03/25/2026 | 2.115% | 3,147,456 | 3,152,569 | |
Preston Ridge Partners Mortgage LLC(a),(d) | ||||
CMO Series 2020-6 Class A1 | ||||
11/25/2025 | 2.363% | 11,322,465 | 11,275,384 | |
CMO Series 2021-3 Class A1 | ||||
04/25/2026 | 1.867% | 2,724,401 | 2,708,330 | |
Preston Ridge Partners Mortgage Trust(a),(d) | ||||
CMO Series 2021-1 Class A1 | ||||
01/25/2026 | 2.115% | 7,347,157 | 7,348,518 | |
Preston Ridge Partners Mortgage Trust LLC(a),(d) | ||||
CMO Series 2021-8 Class A1 | ||||
09/25/2026 | 1.743% | 2,034,049 | 2,021,754 | |
PRKCM Trust(a),(d) | ||||
CMO Series 2021-AFC1 Class A3 | ||||
07/25/2056 | 2.069% | 6,808,652 | 6,765,628 | |
PRPM LLC(a),(d) | ||||
CMO Series 2021-RPL1 Class A1 | ||||
07/25/2051 | 1.319% | 5,575,538 | 5,532,840 | |
Radnor Re Ltd.(a),(b) | ||||
CMO Series 2019-2 Class M1B | ||||
1-month USD LIBOR + 1.750% Floor 1.750% 06/25/2029 | 1.839% | 1,500,000 | 1,502,244 |
Columbia Bond Fund | Semiannual Report 2021 | 17 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2020-1 Class M1A | ||||
1-month USD LIBOR + 0.950% Floor 0.950% 02/25/2030 | 1.039% | 3,250,000 | 3,247,564 | |
Residential Mortgage Loan Trust(a),(d) | ||||
CMO Series 2019-3 Class A3 | ||||
09/25/2059 | 3.044% | 97,278 | 97,732 | |
Stanwich Mortgage Loan Co. LLC(a),(c),(d),(j) | ||||
CMO Series 2021-NPB1 Class A1 | ||||
10/16/2024 | 2.735% | 4,000,000 | 4,000,000 | |
Starwood Mortgage Residential Trust(a),(d) | ||||
CMO Series 2018-IMC2 Class A3 | ||||
10/25/2048 | 4.376% | 3,073,582 | 3,077,971 | |
CMO Series 2019-INV1 Class A3 | ||||
09/27/2049 | 2.916% | 3,305,327 | 3,334,422 | |
CMO Series 2020-2 Class A3 | ||||
04/25/2060 | 3.000% | 8,250,000 | 8,303,907 | |
CMO Series 2020-3 Class A3 | ||||
04/25/2065 | 2.591% | 5,000,000 | 5,044,970 | |
CMO Series 2020-3 Class M1 | ||||
04/25/2065 | 3.544% | 2,800,000 | 2,827,035 | |
CMO Series 2020-INV1 Class A2 | ||||
11/25/2055 | 1.439% | 8,353,773 | 8,368,203 | |
CMO Series 2020-INV1 Class A3 | ||||
11/25/2055 | 1.593% | 3,161,972 | 3,167,213 | |
CMO Series 2021-3 Class A1 | ||||
06/25/2056 | 1.127% | 1,452,392 | 1,442,537 | |
Station Place Securitization Trust(a),(b) | ||||
CMO Series 2021-WL1 Class A | ||||
1-month USD LIBOR + 0.650% Floor 0.650% 01/26/2054 | 0.739% | 5,500,000 | 5,505,430 | |
Stonnington Mortgage Trust(a),(c),(d) | ||||
CMO Series 2020-1 Class A | ||||
07/28/2024 | 3.500% | 5,460,389 | 5,460,389 | |
Toorak Mortgage Corp., Ltd.(d) | ||||
CMO Series 2019-2 Class A1 | ||||
09/25/2022 | 3.721% | 1,825,085 | 1,832,855 | |
Towd Point Mortgage Trust(a),(d) | ||||
CMO Series 2016-2 Class A1 | ||||
08/25/2055 | 3.000% | 168,301 | 169,212 | |
CMO Series 2019-4 Class M1B | ||||
10/25/2059 | 3.000% | 10,000,000 | 10,341,499 | |
Triangle Re Ltd.(a),(b) | ||||
CMO Series 2020-1 Class M1A | ||||
1-month USD LIBOR + 3.000% Floor 3.000% 10/25/2030 | 3.106% | 739,037 | 740,107 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-2 Class M1A | ||||
1-month USD LIBOR + 2.050% Floor 2.050% 10/25/2033 | 2.139% | 6,000,000 | 6,042,104 | |
Vendee Mortgage Trust(d),(e) | ||||
CMO Series 1998-1 Class 2IO | ||||
03/15/2028 | 0.000% | 689,024 | 1 | |
CMO Series 1998-3 Class IO | ||||
03/15/2029 | 0.000% | 834,726 | 1 | |
Verus Securitization Trust(a),(d) | ||||
CMO Series 2019-3 Class A3 | ||||
07/25/2059 | 3.040% | 2,404,920 | 2,428,186 | |
CMO Series 2019-INV3 Class A3 | ||||
11/25/2059 | 3.100% | 719,954 | 727,856 | |
CMO Series 2020-1 Class A3 | ||||
01/25/2060 | 2.724% | 1,472,191 | 1,482,549 | |
CMO Series 2020-4 Class A3 | ||||
06/25/2065 | 2.321% | 3,212,485 | 3,238,357 | |
CMO Series 2021-4 Class A2 | ||||
07/25/2066 | 1.247% | 5,595,522 | 5,574,866 | |
Verus Securitization Trust(a) | ||||
CMO Series 2020-INV1 Class A2 | ||||
04/25/2060 | 3.035% | 4,000,000 | 4,084,306 | |
CMO Series 2020-INV1 Class A3 | ||||
04/25/2060 | 3.889% | 2,800,000 | 2,883,429 | |
Visio Trust(a) | ||||
CMO Series 2020-1R Class A3 | ||||
11/25/2055 | 1.873% | 3,132,829 | 3,128,651 | |
CMO Series 2021-1R Class A1 | ||||
05/25/2056 | 1.280% | 4,164,650 | 4,159,396 | |
ZH Trust(a) | ||||
CMO Series 2021-1 Class A | ||||
02/18/2027 | 2.253% | 3,000,000 | 2,997,016 | |
Total Residential Mortgage-Backed Securities - Non-Agency (Cost $418,908,868) | 419,031,814 | |||
U.S. Treasury Obligations 0.3% | ||||
U.S. Treasury | ||||
08/15/2048 | 3.000% | 530,000 | 646,848 | |
U.S. Treasury(k) | ||||
STRIPS | ||||
02/15/2040 | 0.000% | 3,461,000 | 2,376,328 | |
Total U.S. Treasury Obligations (Cost $2,809,170) | 3,023,176 |
18 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Options Purchased Calls 0.0% | ||||
Value ($) | ||||
(Cost $1,814,250) | 285,803 | |||
Options Purchased Puts 0.5% | ||||
(Cost $3,323,280) | 5,534,659 |
Money Market Funds 4.9% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.072%(l),(m) | 56,721,158 | 56,715,486 |
Total Money Market Funds (Cost $56,713,447) | 56,715,486 | |
Total Investments in Securities (Cost: $1,349,793,594) | 1,360,404,700 | |
Other Assets & Liabilities, Net | (194,883,757) | |
Net Assets | 1,165,520,943 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 10-Year Note | 600 | 12/2021 | USD | 78,421,875 | 270,885 | — |
U.S. Treasury 10-Year Note | 3,862 | 12/2021 | USD | 504,775,469 | — | (9,964,057) |
U.S. Treasury 5-Year Note | 353 | 12/2021 | USD | 42,977,750 | — | (629,505) |
U.S. Ultra Treasury Bond | 72 | 12/2021 | USD | 14,141,250 | — | (117,559) |
Total | 270,885 | (10,711,121) |
Call option contracts purchased | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Cost ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA | Citi | USD | 71,700,000 | 71,700,000 | 1.00 | 01/21/2022 | 609,450 | 63,132 |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA | Citi | USD | 60,000,000 | 60,000,000 | 1.10 | 01/24/2022 | 552,000 | 91,704 |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA | Citi | USD | 12,500,000 | 12,500,000 | 1.00 | 07/08/2022 | 127,500 | 52,254 |
10-Year OTC interest rate swap with Morgan Stanley to receive exercise rate and pay 3-Month USD LIBOR BBA | Morgan Stanley | USD | 51,500,000 | 51,500,000 | 1.10 | 01/24/2022 | 525,300 | 78,713 |
Total | 1,814,250 | 285,803 |
Columbia Bond Fund | Semiannual Report 2021 | 19 |
October 31, 2021 (Unaudited)
Put option contracts purchased | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Cost ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive 3-Month USD LIBOR BBA and pay exercise rate | Citi | USD | 95,000,000 | 95,000,000 | 1.25 | 12/03/2021 | 1,472,500 | 3,046,726 |
10-Year OTC interest rate swap with Citi to receive 3-Month USD LIBOR BBA and pay exercise rate | Citi | USD | 51,600,000 | 51,600,000 | 1.75 | 07/15/2022 | 892,680 | 1,115,184 |
10-Year OTC interest rate swap with Morgan Stanley to receive 3-Month USD LIBOR BBA and pay exercise rate | Morgan Stanley | USD | 25,000,000 | 25,000,000 | 1.25 | 11/18/2021 | 305,000 | 769,745 |
5-Year OTC interest rate swap with Morgan Stanley to receive 3-Month USD LIBOR BBA and pay exercise rate | Morgan Stanley | USD | 62,200,000 | 62,200,000 | 1.50 | 05/20/2022 | 653,100 | 603,004 |
Total | 3,323,280 | 5,534,659 |
Put option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA | Citi | USD | (50,000,000) | (50,000,000) | 2.20 | 03/17/2022 | (935,000) | (188,260) |
(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 October 31, 2021, the total value of these securities amounted to $857,372,806, which represents 73.56% of total net assets. |
(b) | Variable rate security. The interest rate shown was the current rate as of October 31, 2021. |
(c) | Valuation based on significant unobservable inputs. |
(d) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of October 31, 2021. |
(e) | Represents interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans. |
(f) | Non-income producing investment. |
(g) | 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 October 31, 2021. |
(h) | Represents a security purchased on a when-issued basis. |
(i) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(j) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2021, the total value of these securities amounted to $17,363,139, which represents 1.49% of total net assets. |
(k) | Zero coupon bond. |
(l) | The rate shown is the seven-day current annualized yield at October 31, 2021. |
(m) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.072% | ||||||||
54,158,560 | 265,324,155 | (262,767,229) | — | 56,715,486 | — | 15,616 | 56,721,158 |
CMO | Collateralized Mortgage Obligation |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
20 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
STRIPS | Separate Trading of Registered Interest and Principal Securities |
TBA | To Be Announced |
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Asset-Backed Securities — Non-Agency | — | 241,497,403 | 1,641,077 | 243,138,480 |
Commercial Mortgage-Backed Securities - Agency | — | 6,470,954 | — | 6,470,954 |
Commercial Mortgage-Backed Securities - Non-Agency | — | 199,058,452 | — | 199,058,452 |
Common Stocks | ||||
Consumer Staples | — | 27 | — | 27 |
Financials | 1,677 | — | — | 1,677 |
Total Common Stocks | 1,677 | 27 | — | 1,704 |
Corporate Bonds & Notes | — | 175,223,063 | — | 175,223,063 |
Residential Mortgage-Backed Securities - Agency | — | 251,921,109 | — | 251,921,109 |
Residential Mortgage-Backed Securities - Non-Agency | — | 382,875,233 | 36,156,581 | 419,031,814 |
U.S. Treasury Obligations | 646,848 | 2,376,328 | — | 3,023,176 |
Options Purchased Calls | — | 285,803 | — | 285,803 |
Columbia Bond Fund | Semiannual Report 2021 | 21 |
October 31, 2021 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Options Purchased Puts | — | 5,534,659 | — | 5,534,659 |
Money Market Funds | 56,715,486 | — | — | 56,715,486 |
Total Investments in Securities | 57,364,011 | 1,265,243,031 | 37,797,658 | 1,360,404,700 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 270,885 | — | — | 270,885 |
Liability | ||||
Futures Contracts | (10,711,121) | — | — | (10,711,121) |
Options Contracts Written | — | (188,260) | — | (188,260) |
Total | 46,923,775 | 1,265,054,771 | 37,797,658 | 1,349,776,204 |
Balance as of 04/30/2021 ($) | Increase (decrease) in accrued discounts/ premiums ($) | Realized gain (loss) ($) | Change in unrealized appreciation (depreciation)(a) ($) | Purchases ($) | Sales ($) | Transfers into Level 3 ($) | Transfers out of Level 3 ($) | Balance as of 10/31/2021 ($) | |
Asset-Backed Securities — Non-Agency | 2,137,798 | — | — | — | — | (496,721) | — | — | 1,641,077 |
Residential Mortgage-Backed Securities — Non-Agency | 58,913,795 | 7 | 22,499 | (51,683) | 26,650,050 | (40,878,131) | — | (8,499,956) | 36,156,581 |
Total | 61,051,593 | 7 | 22,499 | (51,683) | 26,650,050 | (41,374,852) | — | (8,499,956) | 37,797,658 |
22 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,287,942,617) | $1,297,868,752 |
Affiliated issuers (cost $56,713,447) | 56,715,486 |
Options purchased (cost $5,137,530) | 5,820,462 |
Cash collateral held at broker for: | |
TBA | 161,000 |
Receivable for: | |
Investments sold | 405,708 |
Investments sold on a delayed delivery basis | 54,330,078 |
Capital shares sold | 1,920,721 |
Dividends | 2,491 |
Interest | 2,860,557 |
Foreign tax reclaims | 16,389 |
Variation margin for futures contracts | 62,273 |
Expense reimbursement due from Investment Manager | 3,853 |
Prepaid expenses | 13,375 |
Trustees’ deferred compensation plan | 255,898 |
Other assets | 9,892 |
Total assets | 1,420,446,935 |
Liabilities | |
Option contracts written, at value (premiums received $935,000) | 188,260 |
Due to custodian | 8,608 |
Payable for: | |
Investments purchased | 424,775 |
Investments purchased on a delayed delivery basis | 251,735,432 |
Capital shares purchased | 324,217 |
Distributions to shareholders | 1,621,750 |
Variation margin for futures contracts | 209,156 |
Management services fees | 15,791 |
Distribution and/or service fees | 904 |
Transfer agent fees | 18,898 |
Compensation of board members | 77,775 |
Compensation of chief compliance officer | 29 |
Other expenses | 44,499 |
Trustees’ deferred compensation plan | 255,898 |
Total liabilities | 254,925,992 |
Net assets applicable to outstanding capital stock | $1,165,520,943 |
Represented by | |
Paid in capital | 1,166,224,102 |
Total distributable earnings (loss) | (703,159) |
Total - representing net assets applicable to outstanding capital stock | $1,165,520,943 |
Columbia Bond Fund | Semiannual Report 2021 | 23 |
October 31, 2021 (Unaudited)
Class A | |
Net assets | $99,180,054 |
Shares outstanding | 2,817,614 |
Net asset value per share | $35.20 |
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) | $36.96 |
Advisor Class | |
Net assets | $2,789,557 |
Shares outstanding | 79,359 |
Net asset value per share | $35.15 |
Class C | |
Net assets | $6,593,329 |
Shares outstanding | 187,569 |
Net asset value per share | $35.15 |
Institutional Class | |
Net assets | $86,003,182 |
Shares outstanding | 2,443,629 |
Net asset value per share | $35.19 |
Institutional 2 Class | |
Net assets | $15,395,381 |
Shares outstanding | 438,629 |
Net asset value per share | $35.10 |
Institutional 3 Class | |
Net assets | $947,283,206 |
Shares outstanding | 26,856,654 |
Net asset value per share | $35.27 |
Class R | |
Net assets | $1,151,604 |
Shares outstanding | 32,719 |
Net asset value per share | $35.20 |
Class V | |
Net assets | $7,124,630 |
Shares outstanding | 202,785 |
Net asset value per share | $35.13 |
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 V shares) | $36.88 |
24 | Columbia Bond Fund | Semiannual Report 2021 |
Six Months Ended October 31, 2021 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $18 |
Dividends — affiliated issuers | 15,616 |
Interest | 12,797,885 |
Total income | 12,813,519 |
Expenses: | |
Management services fees | 2,896,081 |
Distribution and/or service fees | |
Class A | 124,021 |
Class C | 36,339 |
Class R | 2,836 |
Class V | 5,610 |
Transfer agent fees | |
Class A | 59,662 |
Advisor Class | 1,567 |
Class C | 4,370 |
Institutional Class | 49,869 |
Institutional 2 Class | 3,724 |
Institutional 3 Class | 25,516 |
Class R | 682 |
Class V | 4,498 |
Compensation of board members | 17,729 |
Custodian fees | 15,600 |
Printing and postage fees | 13,931 |
Registration fees | 69,301 |
Audit fees | 19,750 |
Legal fees | 12,218 |
Interest on collateral | 4,747 |
Compensation of chief compliance officer | 153 |
Other | 12,299 |
Total expenses | 3,380,503 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (755,840) |
Fees waived by transfer agent | |
Institutional 2 Class | (168) |
Institutional 3 Class | (8,122) |
Expense reduction | (700) |
Total net expenses | 2,615,673 |
Net investment income | 10,197,846 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 2,353,323 |
Futures contracts | 2,695,897 |
Options purchased | 778,000 |
Options contracts written | 88,460 |
Swap contracts | (658,929) |
Net realized gain | 5,256,751 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (3,159,883) |
Futures contracts | (3,175,963) |
Options purchased | (6,143,690) |
Options contracts written | 651,678 |
Swap contracts | 13,478 |
Net change in unrealized appreciation (depreciation) | (11,814,380) |
Net realized and unrealized loss | (6,557,629) |
Net increase in net assets resulting from operations | $3,640,217 |
Columbia Bond Fund | Semiannual Report 2021 | 25 |
Six Months Ended October 31, 2021 (Unaudited) | Year Ended April 30, 2021 | |
Operations | ||
Net investment income | $10,197,846 | $17,427,582 |
Net realized gain | 5,256,751 | 4,193,195 |
Net change in unrealized appreciation (depreciation) | (11,814,380) | 7,949,566 |
Net increase in net assets resulting from operations | 3,640,217 | 29,570,343 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (677,862) | (4,095,337) |
Advisor Class | (21,078) | (95,400) |
Class C | (22,147) | (341,919) |
Institutional Class | (671,733) | (3,622,047) |
Institutional 2 Class | (110,742) | (413,556) |
Institutional 3 Class | (8,304,374) | (26,231,751) |
Class R | (6,307) | (49,383) |
Class V | (54,902) | (350,296) |
Total distributions to shareholders | (9,869,145) | (35,199,689) |
Increase in net assets from capital stock activity | 37,702,854 | 704,393,822 |
Total increase in net assets | 31,473,926 | 698,764,476 |
Net assets at beginning of period | 1,134,047,017 | 435,282,541 |
Net assets at end of period | $1,165,520,943 | $1,134,047,017 |
26 | Columbia Bond Fund | Semiannual Report 2021 |
Six Months Ended | Year Ended | |||
October 31, 2021 (Unaudited) | April 30, 2021 | |||
Shares | Dollars ($) | Shares(a) | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 314,053 | 11,177,268 | 1,052,886 | 37,794,128 |
Distributions reinvested | 16,561 | 588,681 | 97,887 | 3,515,038 |
Redemptions | (330,526) | (11,745,765) | (494,210) | (17,570,141) |
Net increase | 88 | 20,184 | 656,563 | 23,739,025 |
Advisor Class | ||||
Subscriptions | 48,485 | 1,720,603 | 87,868 | 3,333,177 |
Distributions reinvested | 591 | 20,996 | 2,644 | 94,921 |
Redemptions | (29,818) | (1,064,084) | (78,522) | (2,998,903) |
Net increase | 19,258 | 677,515 | 11,990 | 429,195 |
Class C | ||||
Subscriptions | 25,827 | 916,918 | 115,398 | 4,142,956 |
Distributions reinvested | 585 | 20,754 | 9,177 | 329,004 |
Redemptions | (56,223) | (1,994,320) | (151,780) | (5,440,805) |
Net decrease | (29,811) | (1,056,648) | (27,205) | (968,845) |
Institutional Class | ||||
Subscriptions | 445,424 | 15,852,070 | 998,279 | 35,937,092 |
Distributions reinvested | 16,918 | 601,183 | 89,987 | 3,231,666 |
Redemptions | (295,540) | (10,507,898) | (779,462) | (27,865,249) |
Net increase | 166,802 | 5,945,355 | 308,804 | 11,303,509 |
Institutional 2 Class | ||||
Subscriptions | 176,845 | 6,276,778 | 140,010 | 5,049,877 |
Distributions reinvested | 3,126 | 110,742 | 11,552 | 413,556 |
Redemptions | (26,454) | (937,090) | (40,049) | (1,433,710) |
Net increase | 153,517 | 5,450,430 | 111,513 | 4,029,723 |
Institutional 3 Class | ||||
Subscriptions | 1,693,806 | 60,448,021 | 19,970,295 | 719,666,240 |
Distributions reinvested | 143,960 | 5,127,888 | 320,691 | 11,517,196 |
Redemptions | (1,078,195) | (38,456,940) | (1,796,093) | (64,570,215) |
Net increase | 759,571 | 27,118,969 | 18,494,893 | 666,613,221 |
Class R | ||||
Subscriptions | 2,949 | 104,910 | 1,413 | 50,793 |
Distributions reinvested | 177 | 6,307 | 1,373 | 49,298 |
Redemptions | (2,271) | (80,432) | (6,040) | (219,028) |
Net increase (decrease) | 855 | 30,785 | (3,254) | (118,937) |
Class V | ||||
Subscriptions | 292 | 10,326 | 4,820 | 169,851 |
Distributions reinvested | 1,116 | 39,600 | 7,219 | 258,820 |
Redemptions | (14,987) | (533,662) | (29,619) | (1,061,740) |
Net decrease | (13,579) | (483,736) | (17,580) | (633,069) |
Total net increase | 1,056,701 | 37,702,854 | 19,535,724 | 704,393,822 |
(a) | Share activity has been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
Columbia Bond Fund | Semiannual Report 2021 | 27 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.38 | 0.25 | (0.19) | 0.06 | (0.24) | — | (0.24) |
Year Ended 4/30/2021 | $34.88 | 0.69 | 1.39 | 2.08 | (0.72) | (0.86) | (1.58) |
Year Ended 4/30/2020 | $33.84 | 0.88 | 1.48 | 2.36 | (0.88) | (0.44) | (1.32) |
Year Ended 4/30/2019 | $33.13 | 0.92 | 0.67 | 1.59 | (0.88) | — | (0.88) |
Year Ended 4/30/2018 | $33.87 | 0.64 | (0.74) | (0.10) | (0.60) | (0.04) | (0.64) |
Year Ended 4/30/2017 | $34.89 | 0.64 | (0.22) | 0.42 | (0.60) | (0.84) | (1.44) |
Advisor Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.33 | 0.30 | (0.19) | 0.11 | (0.29) | — | (0.29) |
Year Ended 4/30/2021 | $34.83 | 0.79 | 1.38 | 2.17 | (0.81) | (0.86) | (1.67) |
Year Ended 4/30/2020 | $33.80 | 0.96 | 1.47 | 2.43 | (0.96) | (0.44) | (1.40) |
Year Ended 4/30/2019 | $33.09 | 1.00 | 0.71 | 1.71 | (1.00) | — | (1.00) |
Year Ended 4/30/2018 | $33.85 | 0.72 | (0.72) | 0.00(h) | (0.72) | (0.04) | (0.76) |
Year Ended 4/30/2017 | $34.87 | 0.72 | (0.22) | 0.50 | (0.68) | (0.84) | (1.52) |
Class C(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.33 | 0.12 | (0.19) | (0.07) | (0.11) | — | (0.11) |
Year Ended 4/30/2021 | $34.83 | 0.43 | 1.38 | 1.81 | (0.45) | (0.86) | (1.31) |
Year Ended 4/30/2020 | $33.79 | 0.60 | 1.52 | 2.12 | (0.64) | (0.44) | (1.08) |
Year Ended 4/30/2019 | $33.08 | 0.64 | 0.71 | 1.35 | (0.64) | — | (0.64) |
Year Ended 4/30/2018 | $33.84 | 0.36 | (0.72) | (0.36) | (0.36) | (0.04) | (0.40) |
Year Ended 4/30/2017 | $34.85 | 0.40 | (0.21) | 0.19 | (0.36) | (0.84) | (1.20) |
Institutional Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.37 | 0.30 | (0.19) | 0.11 | (0.29) | — | (0.29) |
Year Ended 4/30/2021 | $34.88 | 0.78 | 1.38 | 2.16 | (0.81) | (0.86) | (1.67) |
Year Ended 4/30/2020 | $33.83 | 0.96 | 1.49 | 2.45 | (0.96) | (0.44) | (1.40) |
Year Ended 4/30/2019 | $33.13 | 1.00 | 0.70 | 1.70 | (1.00) | — | (1.00) |
Year Ended 4/30/2018 | $33.87 | 0.60 | (0.58) | 0.02 | (0.72) | (0.04) | (0.76) |
Year Ended 4/30/2017 | $34.89 | 0.72 | (0.22) | 0.50 | (0.68) | (0.84) | (1.52) |
Institutional 2 Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.28 | 0.31 | (0.19) | 0.12 | (0.30) | — | (0.30) |
Year Ended 4/30/2021 | $34.78 | 0.80 | 1.39 | 2.19 | (0.83) | (0.86) | (1.69) |
Year Ended 4/30/2020 | $33.74 | 1.00 | 1.48 | 2.48 | (1.00) | (0.44) | (1.44) |
Year Ended 4/30/2019 | $33.02 | 1.04 | 0.68 | 1.72 | (1.00) | — | (1.00) |
Year Ended 4/30/2018 | $33.78 | 0.76 | (0.76) | 0.00(h) | (0.72) | (0.04) | (0.76) |
Year Ended 4/30/2017 | $34.79 | 0.68 | (0.13) | 0.55 | (0.72) | (0.84) | (1.56) |
28 | Columbia 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(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.20 | 0.17% | 0.89%(d),(e) | 0.76%(d),(e),(f) | 1.43%(d) | 114% | $99,180 |
Year Ended 4/30/2021 | $35.38 | 5.96% | 0.91%(e) | 0.77%(e),(f) | 1.92% | 227% | $99,681 |
Year Ended 4/30/2020 | $34.88 | 7.05% | 0.97% | 0.80%(f) | 2.50% | 229% | $75,375 |
Year Ended 4/30/2019 | $33.84 | 4.98% | 1.01% | 0.83%(f) | 2.73% | 236% | $49,696 |
Year Ended 4/30/2018 | $33.13 | (0.33%) | 1.00% | 0.86%(f) | 1.84% | 257% | $50,845 |
Year Ended 4/30/2017 | $33.87 | 1.34% | 0.98%(g) | 0.82%(f),(g) | 1.86% | 375% | $52,029 |
Advisor Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.15 | 0.30% | 0.64%(d),(e) | 0.51%(d),(e),(f) | 1.67%(d) | 114% | $2,790 |
Year Ended 4/30/2021 | $35.33 | 6.20% | 0.66%(e) | 0.52%(e),(f) | 2.19% | 227% | $2,123 |
Year Ended 4/30/2020 | $34.83 | 7.32% | 0.71% | 0.55%(f) | 2.74% | 229% | $1,676 |
Year Ended 4/30/2019 | $33.80 | 5.24% | 0.76% | 0.58%(f) | 3.03% | 236% | $738 |
Year Ended 4/30/2018 | $33.09 | (0.08%) | 0.75% | 0.61%(f) | 2.09% | 257% | $497 |
Year Ended 4/30/2017 | $33.85 | 1.48% | 0.73%(g) | 0.57%(f),(g) | 2.10% | 375% | $516 |
Class C(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.15 | (0.21%) | 1.64%(d),(e) | 1.51%(d),(e),(f) | 0.68%(d) | 114% | $6,593 |
Year Ended 4/30/2021 | $35.33 | 5.15% | 1.66%(e) | 1.52%(e),(f) | 1.19% | 227% | $7,680 |
Year Ended 4/30/2020 | $34.83 | 6.26% | 1.72% | 1.55%(f) | 1.74% | 229% | $8,519 |
Year Ended 4/30/2019 | $33.79 | 4.20% | 1.76% | 1.59%(f) | 1.96% | 236% | $4,058 |
Year Ended 4/30/2018 | $33.08 | (1.08%) | 1.75% | 1.61%(f) | 1.04% | 257% | $6,001 |
Year Ended 4/30/2017 | $33.84 | 0.59% | 1.73%(g) | 1.57%(f),(g) | 1.11% | 375% | $9,461 |
Institutional Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.19 | 0.30% | 0.64%(d),(e) | 0.51%(d),(e),(f) | 1.68%(d) | 114% | $86,003 |
Year Ended 4/30/2021 | $35.37 | 6.19% | 0.66%(e) | 0.52%(e),(f) | 2.18% | 227% | $80,542 |
Year Ended 4/30/2020 | $34.88 | 7.32% | 0.72% | 0.55%(f) | 2.76% | 229% | $68,640 |
Year Ended 4/30/2019 | $33.83 | 5.24% | 0.76% | 0.58%(f) | 2.97% | 236% | $51,185 |
Year Ended 4/30/2018 | $33.13 | (0.08%) | 0.74% | 0.61%(f) | 1.74% | 257% | $56,556 |
Year Ended 4/30/2017 | $33.87 | 1.60% | 0.73%(g) | 0.58%(f),(g) | 2.11% | 375% | $369,017 |
Institutional 2 Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.10 | 0.33% | 0.58%(d),(e) | 0.45%(d),(e) | 1.74%(d) | 114% | $15,395 |
Year Ended 4/30/2021 | $35.28 | 6.24% | 0.60%(e) | 0.45%(e) | 2.23% | 227% | $10,058 |
Year Ended 4/30/2020 | $34.78 | 7.55% | 0.62% | 0.46% | 2.83% | 229% | $6,038 |
Year Ended 4/30/2019 | $33.74 | 5.24% | 0.64% | 0.47% | 3.20% | 236% | $3,687 |
Year Ended 4/30/2018 | $33.02 | 0.13% | 0.64% | 0.51% | 2.20% | 257% | $864 |
Year Ended 4/30/2017 | $33.78 | 1.58% | 0.63%(g) | 0.49%(g) | 1.99% | 375% | $735 |
Columbia Bond Fund | Semiannual Report 2021 | 29 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.45 | 0.32 | (0.19) | 0.13 | (0.31) | — | (0.31) |
Year Ended 4/30/2021 | $34.95 | 0.79 | 1.42 | 2.21 | (0.85) | (0.86) | (1.71) |
Year Ended 4/30/2020 | $33.90 | 1.00 | 1.53 | 2.53 | (1.04) | (0.44) | (1.48) |
Year Ended 4/30/2019 | $33.19 | 1.04 | 0.71 | 1.75 | (1.04) | — | (1.04) |
Year Ended 4/30/2018 | $33.93 | 0.84 | (0.78) | 0.06 | (0.76) | (0.04) | (0.80) |
Year Ended 4/30/2017 | $34.94 | 0.76 | (0.17) | 0.59 | (0.76) | (0.84) | (1.60) |
Class R(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.38 | 0.21 | (0.19) | 0.02 | (0.20) | — | (0.20) |
Year Ended 4/30/2021 | $34.88 | 0.61 | 1.38 | 1.99 | (0.63) | (0.86) | (1.49) |
Year Ended 4/30/2020 | $33.83 | 0.80 | 1.49 | 2.29 | (0.80) | (0.44) | (1.24) |
Year Ended 4/30/2019 | $33.12 | 0.84 | 0.67 | 1.51 | (0.80) | — | (0.80) |
Year Ended 4/30/2018 | $33.88 | 0.52 | (0.72) | (0.20) | (0.52) | (0.04) | (0.56) |
Year Ended 4/30/2017 | $34.89 | 0.56 | (0.21) | 0.35 | (0.52) | (0.84) | (1.36) |
Class V(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.31 | 0.27 | (0.19) | 0.08 | (0.26) | — | (0.26) |
Year Ended 4/30/2021 | $34.82 | 0.73 | 1.37 | 2.10 | (0.75) | (0.86) | (1.61) |
Year Ended 4/30/2020 | $33.78 | 0.92 | 1.48 | 2.40 | (0.92) | (0.44) | (1.36) |
Year Ended 4/30/2019 | $33.07 | 0.92 | 0.71 | 1.63 | (0.92) | — | (0.92) |
Year Ended 4/30/2018 | $33.82 | 0.64 | (0.71) | (0.07) | (0.64) | (0.04) | (0.68) |
Year Ended 4/30/2017 | $34.83 | 0.68 | (0.21) | 0.47 | (0.64) | (0.84) | (1.48) |
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) | Per share amounts have been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
(d) | Annualized. |
(e) | Ratios include interest on collateral expense which is less than 0.01%. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(g) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | Class R | Class V |
04/30/2017 | 0.04% | 0.04% | 0.04% | 0.03% | 0.02% | 0.03% | 0.03% | 0.03% |
(h) | Rounds to zero. |
30 | Columbia 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 3 Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.27 | 0.36% | 0.53%(d),(e) | 0.40%(d),(e) | 1.79%(d) | 114% | $947,283 |
Year Ended 4/30/2021 | $35.45 | 6.31% | 0.55%(e) | 0.40%(e) | 2.22% | 227% | $925,195 |
Year Ended 4/30/2020 | $34.95 | 7.47% | 0.57% | 0.40% | 2.91% | 229% | $265,665 |
Year Ended 4/30/2019 | $33.90 | 5.41% | 0.58% | 0.42% | 3.14% | 236% | $257,417 |
Year Ended 4/30/2018 | $33.19 | 0.19% | 0.59% | 0.46% | 2.46% | 257% | $284,876 |
Year Ended 4/30/2017 | $33.93 | 1.63% | 0.54%(g) | 0.42%(g) | 2.26% | 375% | $29,756 |
Class R(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.20 | 0.05% | 1.14%(d),(e) | 1.01%(d),(e),(f) | 1.17%(d) | 114% | $1,152 |
Year Ended 4/30/2021 | $35.38 | 5.70% | 1.16%(e) | 1.02%(e),(f) | 1.69% | 227% | $1,127 |
Year Ended 4/30/2020 | $34.88 | 6.79% | 1.22% | 1.05%(f) | 2.26% | 229% | $1,225 |
Year Ended 4/30/2019 | $33.83 | 4.71% | 1.26% | 1.08%(f) | 2.51% | 236% | $680 |
Year Ended 4/30/2018 | $33.12 | (0.58%) | 1.25% | 1.11%(f) | 1.54% | 257% | $550 |
Year Ended 4/30/2017 | $33.88 | 1.09% | 1.23%(g) | 1.08%(f),(g) | 1.62% | 375% | $922 |
Class V(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $35.13 | 0.22% | 0.79%(d),(e) | 0.66%(d),(e),(f) | 1.53%(d) | 114% | $7,125 |
Year Ended 4/30/2021 | $35.31 | 6.10% | 0.81%(e) | 0.67%(e),(f) | 2.04% | 227% | $7,640 |
Year Ended 4/30/2020 | $34.82 | 7.17% | 0.87% | 0.70%(f) | 2.62% | 229% | $8,145 |
Year Ended 4/30/2019 | $33.78 | 4.96% | 0.91% | 0.73%(f) | 2.83% | 236% | $8,242 |
Year Ended 4/30/2018 | $33.07 | (0.23%) | 0.90% | 0.76%(f) | 1.92% | 257% | $8,934 |
Year Ended 4/30/2017 | $33.82 | 1.44% | 0.88%(g) | 0.73%(f),(g) | 1.95% | 375% | $10,139 |
Columbia Bond Fund | Semiannual Report 2021 | 31 |
October 31, 2021 (Unaudited)
32 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Bond Fund | Semiannual Report 2021 | 33 |
October 31, 2021 (Unaudited)
34 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Bond Fund | Semiannual Report 2021 | 35 |
October 31, 2021 (Unaudited)
36 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 270,885* |
Interest rate risk | Investments, at value — Options purchased | 5,820,462 |
Total | 6,091,347 |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 10,711,121* |
Interest rate risk | Options contracts written, at value | 188,260 |
Total | 10,899,381 |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | |||||
Risk exposure category | Futures contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Swap contracts ($) | Total ($) |
Interest rate risk | 2,695,897 | 88,460 | 778,000 | (658,929) | 2,903,428 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | |||||
Risk exposure category | Futures contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Swap contracts ($) | Total ($) |
Interest rate risk | (3,175,963) | 651,678 | (6,143,690) | 13,478 | (8,654,497) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 682,121,762 |
Derivative instrument | Average value ($)* |
Options contracts — purchased | 6,051,572 |
Options contracts — written | (991,660) |
Derivative instrument | Average unrealized appreciation ($)** | Average unrealized depreciation ($)** |
Interest rate swap contracts | 152 | (161,243) |
* | Based on the ending quarterly outstanding amounts for the six months ended October 31, 2021. |
** | Based on the ending daily outstanding amounts for the six months ended October 31, 2021. |
Columbia Bond Fund | Semiannual Report 2021 | 37 |
October 31, 2021 (Unaudited)
38 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Citi ($) | Morgan Stanley ($) | Total ($) | |
Assets | |||
Options purchased calls | 207,090 | 78,713 | 285,803 |
Options purchased puts | 4,161,910 | 1,372,749 | 5,534,659 |
Total assets | 4,369,000 | 1,451,462 | 5,820,462 |
Liabilities | |||
Options contracts written | 188,260 | - | 188,260 |
Total financial and derivative net assets | 4,180,740 | 1,451,462 | 5,632,202 |
Total collateral received (pledged) (a) | 4,118,000 | 1,451,462 | 5,569,462 |
Net amount (b) | 62,740 | - | 62,740 |
(a) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(b) | Represents the net amount due from/(to) counterparties in the event of default. |
Columbia Bond Fund | Semiannual Report 2021 | 39 |
October 31, 2021 (Unaudited)
40 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Effective rate (%) | |
Class A | 0.12 |
Advisor Class | 0.12 |
Class C | 0.12 |
Institutional Class | 0.12 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Class R | 0.12 |
Class V | 0.12 |
Columbia Bond Fund | Semiannual Report 2021 | 41 |
October 31, 2021 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 4.75 | 0.50 - 1.00(a) | 66,769 |
Class C | — | 1.00(b) | 655 |
Class V | 4.75 | 0.50 - 1.00(a) | 16 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
42 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
September 1, 2021 through August 31, 2022 | Prior to September 1, 2021 | |
Class A | 0.77% | 0.78% |
Advisor Class | 0.52 | 0.53 |
Class C | 1.52 | 1.53 |
Institutional Class | 0.52 | 0.53 |
Institutional 2 Class | 0.45 | 0.45 |
Institutional 3 Class | 0.40 | 0.40 |
Class R | 1.02 | 1.03 |
Class V | 0.67 | 0.68 |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,348,859,000 | 17,705,000 | (16,788,000) | 917,000 |
Columbia Bond Fund | Semiannual Report 2021 | 43 |
October 31, 2021 (Unaudited)
Late year ordinary losses ($) | Post-October capital losses ($) |
— | 13,492,251 |
44 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Bond Fund | Semiannual Report 2021 | 45 |
October 31, 2021 (Unaudited)
46 | Columbia Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Bond Fund | Semiannual Report 2021 | 47 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
48 | Columbia Bond Fund | Semiannual Report 2021 |
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
Columbia Bond Fund | Semiannual Report 2021 | 49 |
Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund
50 | Columbia Bond Fund | Semiannual Report 2021 |
On June 15, 2021, the Board, including all of the Independent Trustees, determined that fees payable under the Management Agreement were fair and reasonable in light of the extent and quality of services provided and approved the renewal of the Management Agreement.
Columbia Bond Fund | Semiannual Report 2021 | 51 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
October 31, 2021
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2021) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 07/25/86 | 2.48 | 64.94 | 13.21 | 11.53 |
Including sales charges | -3.42 | 55.44 | 11.88 | 10.87 | ||
Advisor Class* | 11/08/12 | 2.60 | 65.37 | 13.49 | 11.79 | |
Class C | Excluding sales charges | 01/15/96 | 2.09 | 63.76 | 12.36 | 10.69 |
Including sales charges | 1.13 | 62.76 | 12.36 | 10.69 | ||
Institutional Class | 07/31/95 | 2.62 | 65.40 | 13.49 | 11.81 | |
Institutional 2 Class* | 11/08/12 | 2.66 | 65.52 | 13.64 | 11.92 | |
Institutional 3 Class | 07/15/09 | 2.69 | 65.64 | 13.69 | 12.02 | |
Class R | 09/27/10 | 2.35 | 64.57 | 12.92 | 11.25 | |
Russell 2000 Value Index | 3.22 | 64.30 | 12.61 | 12.12 |
* | 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 Small Cap Value Fund I | Semiannual Report 2021 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2021) | |
Common Stocks | 98.9 |
Exchange-Traded Equity Funds | 0.2 |
Money Market Funds | 0.9 |
Total | 100.0 |
Equity sector breakdown (%) (at October 31, 2021) | |
Communication Services | 2.8 |
Consumer Discretionary | 9.8 |
Consumer Staples | 4.4 |
Energy | 7.2 |
Financials | 29.8 |
Health Care | 8.6 |
Industrials | 14.5 |
Information Technology | 7.4 |
Materials | 8.5 |
Real Estate | 6.0 |
Utilities | 1.0 |
Total | 100.0 |
4 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
(Unaudited)
May 1, 2021 — October 31, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,024.80 | 1,018.65 | 6.36 | 6.34 | 1.26 |
Advisor Class | 1,000.00 | 1,000.00 | 1,026.00 | 1,019.90 | 5.10 | 5.09 | 1.01 |
Class C | 1,000.00 | 1,000.00 | 1,020.90 | 1,014.91 | 10.13 | 10.10 | 2.01 |
Institutional Class | 1,000.00 | 1,000.00 | 1,026.20 | 1,019.90 | 5.10 | 5.09 | 1.01 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,026.60 | 1,020.39 | 4.60 | 4.58 | 0.91 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,026.90 | 1,020.64 | 4.35 | 4.33 | 0.86 |
Class R | 1,000.00 | 1,000.00 | 1,023.50 | 1,017.40 | 7.62 | 7.59 | 1.51 |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 5 |
October 31, 2021 (Unaudited)
Common Stocks 99.0% | ||
Issuer | Shares | Value ($) |
Communication Services 2.7% | ||
Diversified Telecommunication Services 0.4% | ||
Liberty Latin America Ltd., Class C(a) | 415,946 | 5,003,830 |
Entertainment 0.4% | ||
Gaia, Inc.(a) | 264,470 | 2,565,359 |
Playstudios, Inc.(a) | 525,047 | 2,257,702 |
Total | 4,823,061 | |
Interactive Media & Services 0.8% | ||
Cargurus, Inc.(a) | 218,050 | 7,313,397 |
Trivago NV, ADR(a) | 892,349 | 2,355,801 |
Total | 9,669,198 | |
Media 0.5% | ||
Criteo SA, ADR(a) | 152,870 | 5,050,825 |
Wireless Telecommunication Services 0.6% | ||
Telephone and Data Systems, Inc. | 384,870 | 7,212,464 |
Total Communication Services | 31,759,378 | |
Consumer Discretionary 9.7% | ||
Auto Components 1.4% | ||
Gentherm, Inc.(a) | 76,706 | 5,647,863 |
Modine Manufacturing Co.(a) | 300,257 | 3,302,827 |
Visteon Corp.(a) | 67,080 | 7,592,114 |
Total | 16,542,804 | |
Distributors 0.2% | ||
Educational Development Corp. | 261,154 | 2,551,475 |
Diversified Consumer Services 1.3% | ||
American Public Education, Inc.(a) | 134,422 | 3,359,206 |
Carriage Services, Inc. | 100,829 | 5,187,652 |
Stride, Inc.(a) | 176,840 | 6,277,820 |
Total | 14,824,678 | |
Household Durables 3.3% | ||
Cavco Industries, Inc.(a) | 22,157 | 5,326,100 |
Ethan Allen Interiors, Inc. | 149,483 | 3,469,500 |
Hamilton Beach Brands Holding Co. | 177,772 | 2,666,580 |
Hooker Furnishings Corp. | 112,392 | 2,833,402 |
Legacy Housing Corp.(a) | 152,913 | 2,714,206 |
Lifetime Brands, Inc. | 147,724 | 2,505,399 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Meritage Homes Corp.(a) | 93,327 | 10,145,578 |
Tri Pointe Homes, Inc.(a) | 367,509 | 8,890,043 |
Total | 38,550,808 | |
Internet & Direct Marketing Retail 0.4% | ||
Redbubble Ltd.(a) | 1,523,608 | 4,784,671 |
Leisure Products 0.5% | ||
Malibu Boats, Inc., Class A(a) | 76,402 | 5,394,745 |
Multiline Retail 0.5% | ||
Big Lots, Inc. | 135,102 | 5,978,264 |
Specialty Retail 0.7% | ||
Urban Outfitters, Inc.(a) | 243,910 | 7,788,046 |
Textiles, Apparel & Luxury Goods 1.4% | ||
Culp, Inc. | 208,441 | 2,757,674 |
Movado Group, Inc. | 146,652 | 4,883,512 |
Steven Madden Ltd. | 174,450 | 7,867,695 |
Total | 15,508,881 | |
Total Consumer Discretionary | 111,924,372 | |
Consumer Staples 4.3% | ||
Beverages 0.5% | ||
MGP Ingredients, Inc. | 88,273 | 5,668,009 |
Food & Staples Retailing 1.2% | ||
Andersons, Inc. (The) | 177,285 | 6,038,327 |
Sprouts Farmers Market, Inc.(a) | 347,080 | 7,684,351 |
Total | 13,722,678 | |
Food Products 1.8% | ||
Dole PLC(a) | 392,134 | 5,725,157 |
Fresh Del Monte Produce, Inc. | 219,674 | 7,356,882 |
TreeHouse Foods, Inc.(a) | 238,750 | 8,628,425 |
Total | 21,710,464 | |
Personal Products 0.8% | ||
Honest Co., Inc. (The)(a) | 411,289 | 3,763,294 |
Inter Parfums, Inc. | 58,902 | 5,441,367 |
Total | 9,204,661 | |
Total Consumer Staples | 50,305,812 |
6 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Energy 7.2% | ||
Energy Equipment & Services 3.6% | ||
ChampionX Corp.(a) | 436,710 | 11,454,903 |
Core Laboratories NV | 131,250 | 3,413,812 |
Dawson Geophysical Co.(a) | 415,260 | 963,403 |
Expro Group Holdings NV(a) | 246,432 | 4,226,309 |
Natural Gas Services Group, Inc.(a) | 309,860 | 3,523,108 |
Newpark Resources, Inc.(a) | 1,540,949 | 5,239,227 |
Pason Systems, Inc. | 405,053 | 3,011,060 |
Profire Energy, Inc.(a) | 999,507 | 1,189,413 |
ProPetro Holding Corp.(a) | 283,750 | 2,721,163 |
TechnipFMC PLC(a) | 797,415 | 5,876,949 |
Total | 41,619,347 | |
Oil, Gas & Consumable Fuels 3.6% | ||
Chesapeake Energy Corp. | 201,160 | 12,821,938 |
HollyFrontier Corp. | 204,220 | 6,902,636 |
Range Resources Corp.(a) | 554,780 | 12,937,470 |
Talos Energy, Inc.(a) | 469,870 | 6,094,214 |
W&T Offshore, Inc.(a) | 647,280 | 2,660,321 |
Total | 41,416,579 | |
Total Energy | 83,035,926 | |
Financials 29.5% | ||
Banks 17.3% | ||
Ameris Bancorp | 208,934 | 10,946,052 |
BancFirst Corp. | 122,564 | 7,967,886 |
Bank of Marin Bancorp | 105,246 | 4,010,925 |
BankUnited, Inc. | 278,806 | 11,308,371 |
Banner Corp. | 140,221 | 8,099,165 |
Brookline Bancorp, Inc. | 403,063 | 6,469,161 |
Capital Bancorp, Inc. | 159,735 | 4,065,256 |
Capital City Bank Group, Inc. | 156,441 | 4,203,570 |
Central Pacific Financial Corp. | 153,381 | 4,216,444 |
Central Valley Community Bancorp | 118,610 | 2,529,951 |
Community Trust Bancorp, Inc. | 111,637 | 4,876,304 |
First BanCorp | 783,376 | 10,693,082 |
First BanCorp | 130,418 | 6,314,840 |
First Community Corp. | 230,709 | 4,641,865 |
First Financial Corp. | 145,520 | 6,235,532 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
First of Long Island Corp. (The) | 164,235 | 3,306,051 |
FVCBankcorp, Inc.(a) | 120,881 | 2,478,060 |
Heritage Financial Corp. | 211,084 | 5,243,327 |
Hilltop Holdings, Inc. | 264,750 | 9,382,740 |
National Bank Holdings Corp., Class A | 151,230 | 6,558,845 |
Northrim BanCorp, Inc. | 190,783 | 8,474,581 |
OFG Bancorp | 310,151 | 8,032,911 |
Plumas Bancorp | 81,840 | 3,023,170 |
Popular, Inc. | 203,228 | 16,550,888 |
Professional Holding Corp., Class A(a) | 150,850 | 2,828,437 |
Shore Bancshares, Inc. | 186,040 | 3,438,019 |
Sierra Bancorp | 125,178 | 3,124,443 |
Southern First Bancshares, Inc.(a) | 96,523 | 5,199,694 |
Spirit of Texas Bancshares, Inc. | 186,887 | 4,546,961 |
Towne Bank | 281,394 | 8,869,539 |
UMB Financial Corp. | 128,866 | 12,734,538 |
Total | 200,370,608 | |
Capital Markets 0.6% | ||
StoneX Group, Inc.(a) | 93,765 | 6,480,099 |
Consumer Finance 1.6% | ||
Ezcorp, Inc., Class A(a) | 821,840 | 6,130,926 |
FirstCash, Inc. | 61,258 | 5,419,495 |
PROG Holdings, Inc. | 168,097 | 6,799,524 |
Total | 18,349,945 | |
Insurance 4.8% | ||
American Equity Investment Life Holding Co. | 270,661 | 8,625,966 |
Crawford & Co., Class A | 312,514 | 2,700,121 |
eHealth, Inc.(a) | 119,600 | 5,304,260 |
Employers Holdings, Inc. | 135,054 | 5,213,084 |
Global Indemnity Group LLC | 309,133 | 7,601,580 |
Heritage Insurance Holdings, Inc. | 359,906 | 2,353,785 |
Horace Mann Educators Corp. | 103,381 | 4,050,468 |
Mercury General Corp. | 149,720 | 8,158,243 |
National Western Life Group, Inc., Class A | 26,964 | 5,797,530 |
ProAssurance Corp. | 270,200 | 6,190,282 |
Total | 55,995,319 |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 7 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Thrifts & Mortgage Finance 5.2% | ||
HomeStreet, Inc. | 125,747 | 5,930,229 |
MGIC Investment Corp. | 696,555 | 11,256,329 |
NMI Holdings, Inc., Class A(a) | 327,067 | 7,941,187 |
Provident Financial Holdings, Inc. | 202,490 | 3,452,454 |
Radian Group, Inc. | 545,890 | 13,030,394 |
Riverview Bancorp, Inc. | 314,979 | 2,327,695 |
Territorial Bancorp, Inc. | 119,770 | 3,005,029 |
Washington Federal, Inc. | 236,303 | 8,355,674 |
Western New England Bancorp, Inc. | 477,800 | 4,648,994 |
Total | 59,947,985 | |
Total Financials | 341,143,956 | |
Health Care 8.5% | ||
Biotechnology 4.2% | ||
ACADIA Pharmaceuticals, Inc.(a) | 369,063 | 6,624,681 |
Allogene Therapeutics, Inc.(a) | 385,070 | 6,638,607 |
Atara Biotherapeutics, Inc.(a) | 370,183 | 5,730,433 |
Coherus Biosciences, Inc.(a) | 308,277 | 5,157,474 |
Insmed, Inc.(a) | 231,890 | 6,991,483 |
Iovance Biotherapeutics, Inc.(a) | 193,946 | 4,714,827 |
Sage Therapeutics, Inc.(a) | 124,602 | 5,028,937 |
Spero Therapeutics, Inc.(a) | 185,228 | 3,252,604 |
uniQure NV(a) | 142,420 | 4,339,537 |
Total | 48,478,583 | |
Health Care Equipment & Supplies 1.2% | ||
Inogen, Inc.(a) | 130,120 | 5,159,258 |
iRhythm Technologies, Inc.(a) | 101,135 | 7,093,609 |
Quotient Ltd.(a) | 792,002 | 2,003,765 |
Total | 14,256,632 | |
Pharmaceuticals 3.1% | ||
Aerie Pharmaceuticals, Inc.(a) | 259,722 | 2,760,845 |
ANI Pharmaceuticals, Inc.(a) | 98,534 | 3,683,201 |
Athira Pharma, Inc.(a) | 219,810 | 2,872,917 |
Perrigo Co. PLC | 251,630 | 11,361,094 |
Satsuma Pharmaceuticals, Inc.(a) | 358,935 | 2,081,823 |
Supernus Pharmaceuticals, Inc.(a) | 218,505 | 6,522,374 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Taro Pharmaceutical Industries Ltd.(a) | 84,673 | 4,705,279 |
TherapeuticsMD, Inc.(a) | 3,113,790 | 2,266,839 |
Total | 36,254,372 | |
Total Health Care | 98,989,587 | |
Industrials 14.3% | ||
Aerospace & Defense 1.4% | ||
Curtiss-Wright Corp. | 56,010 | 7,151,357 |
Moog, Inc., Class A | 114,900 | 8,678,397 |
Total | 15,829,754 | |
Airlines 0.4% | ||
Skywest, Inc.(a) | 119,990 | 5,163,170 |
Building Products 1.7% | ||
Caesarstone Ltd. | 246,621 | 3,077,830 |
Resideo Technologies, Inc.(a) | 287,430 | 7,088,024 |
UFP Industries, Inc. | 121,615 | 9,951,755 |
Total | 20,117,609 | |
Commercial Services & Supplies 0.8% | ||
HNI Corp. | 164,980 | 6,170,252 |
KAR Auction Services, Inc.(a) | 247,569 | 3,631,837 |
Total | 9,802,089 | |
Construction & Engineering 0.5% | ||
Dycom Industries, Inc.(a) | 68,450 | 5,436,299 |
Electrical Equipment 1.8% | ||
AZZ, Inc. | 108,340 | 5,756,104 |
Encore Wire Corp. | 83,181 | 11,151,245 |
Thermon(a) | 195,480 | 3,377,895 |
Total | 20,285,244 | |
Machinery 3.1% | ||
Gorman-Rupp Co. | 125,325 | 5,328,819 |
Greenbrier Companies, Inc. (The) | 145,080 | 5,951,182 |
Hurco Companies, Inc. | 89,374 | 2,900,186 |
LB Foster Co., Class A(a) | 162,578 | 2,589,868 |
Manitex International, Inc.(a) | 430,122 | 2,782,889 |
Mueller Industries, Inc. | 174,085 | 9,163,834 |
Standex International Corp. | 59,644 | 6,636,588 |
Total | 35,353,366 |
8 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Marine 0.4% | ||
Costamare, Inc. | 335,780 | 4,502,810 |
Professional Services 1.3% | ||
Korn/Ferry International | 153,667 | 11,864,629 |
Red Violet, Inc.(a) | 112,360 | 3,578,666 |
Total | 15,443,295 | |
Road & Rail 1.8% | ||
Marten Transport Ltd. | 395,315 | 6,574,088 |
Schneider National, Inc., Class B | 296,718 | 7,400,147 |
Werner Enterprises, Inc. | 151,169 | 6,850,979 |
Total | 20,825,214 | |
Trading Companies & Distributors 1.1% | ||
H&E Equipment Services, Inc. | 150,308 | 6,775,885 |
Textainer Group Holdings Ltd.(a) | 163,452 | 6,422,029 |
Total | 13,197,914 | |
Total Industrials | 165,956,764 | |
Information Technology 7.4% | ||
Communications Equipment 2.2% | ||
Applied Optoelectronics, Inc.(a) | 345,430 | 2,642,540 |
Casa Systems, Inc.(a) | 452,916 | 2,866,958 |
Digi International, Inc.(a) | 203,950 | 4,395,123 |
KVH Industries, Inc.(a) | 253,195 | 2,597,781 |
NETGEAR, Inc.(a) | 167,780 | 4,837,097 |
Netscout Systems, Inc.(a) | 284,854 | 7,708,149 |
Total | 25,047,648 | |
Electronic Equipment, Instruments & Components 2.2% | ||
Airgain, Inc.(a) | 220,051 | 2,471,173 |
Bel Fuse, Inc., Class B | 208,270 | 2,899,118 |
ePlus, Inc.(a) | 64,250 | 7,104,122 |
Powerfleet, Inc.(a) | 340,540 | 2,356,537 |
Vishay Intertechnology, Inc. | 448,930 | 8,628,435 |
Vishay Precision Group, Inc.(a) | 73,346 | 2,500,365 |
Total | 25,959,750 | |
IT Services 0.9% | ||
Cass Information Systems, Inc. | 89,177 | 3,655,365 |
IBEX Holdings Ltd.(a) | 243,057 | 3,949,676 |
International Money Express, Inc.(a) | 172,538 | 2,888,286 |
Total | 10,493,327 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Semiconductors & Semiconductor Equipment 1.0% | ||
Cohu, Inc.(a) | 145,552 | 4,663,486 |
CyberOptics Corp.(a) | 75,140 | 3,137,847 |
NeoPhotonics Corp.(a) | 330,210 | 3,341,725 |
Total | 11,143,058 | |
Software 1.1% | ||
Asure Software, Inc.(a) | 308,090 | 2,976,149 |
Cognyte Software Ltd.(a) | 302,861 | 6,029,963 |
Sharecare, Inc.(a) | 478,026 | 3,546,953 |
Total | 12,553,065 | |
Total Information Technology | 85,196,848 | |
Materials 8.4% | ||
Chemicals 1.3% | ||
Livent Corp.(a) | 261,936 | 7,391,834 |
Tronox Holdings PLC, Class A | 362,894 | 8,462,688 |
Total | 15,854,522 | |
Construction Materials 0.8% | ||
Eagle Materials, Inc. | 60,140 | 8,922,370 |
Containers & Packaging 0.5% | ||
Greif, Inc., Class A | 89,339 | 5,778,447 |
Metals & Mining 4.4% | ||
Ampco-Pittsburgh Corp.(a) | 613,963 | 3,450,472 |
Capstone Mining Corp.(a) | 1,301,324 | 5,457,233 |
Centerra Gold, Inc. | 846,830 | 6,349,856 |
Commercial Metals Co. | 341,840 | 11,000,411 |
ERO Copper Corp.(a) | 281,036 | 5,243,311 |
Ferroglobe PLC(a) | 375,997 | 2,492,860 |
Olympic Steel, Inc. | 134,913 | 3,638,604 |
Pretium Resources, Inc.(a) | 568,856 | 6,880,878 |
Torex Gold Resources, Inc.(a) | 369,111 | 4,291,780 |
Universal Stainless & Alloy Products, Inc.(a) | 235,537 | 2,232,891 |
Total | 51,038,296 | |
Paper & Forest Products 1.4% | ||
Clearwater Paper Corp.(a) | 108,510 | 4,538,973 |
Glatfelter Corp. | 269,487 | 4,427,672 |
Louisiana-Pacific Corp. | 119,598 | 7,047,910 |
Total | 16,014,555 | |
Total Materials | 97,608,190 |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 9 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 6.0% | ||
Equity Real Estate Investment Trusts (REITS) 5.9% | ||
American Assets Trust, Inc. | 208,450 | 7,885,663 |
Brixmor Property Group, Inc. | 215,790 | 5,058,118 |
Farmland Partners, Inc. | 379,536 | 4,265,985 |
Highwoods Properties, Inc. | 108,390 | 4,860,208 |
Hudson Pacific Properties, Inc. | 213,540 | 5,498,655 |
Macerich Co. (The) | 304,870 | 5,515,098 |
Pebblebrook Hotel Trust | 380,401 | 8,543,806 |
PotlatchDeltic Corp. | 180,443 | 9,431,756 |
RLJ Lodging Trust | 580,575 | 8,371,891 |
Sunstone Hotel Investors, Inc.(a) | 744,122 | 9,182,465 |
Total | 68,613,645 | |
Real Estate Management & Development 0.1% | ||
Forestar Group, Inc.(a) | 39,575 | 774,483 |
Total Real Estate | 69,388,128 | |
Utilities 1.0% | ||
Gas Utilities 1.0% | ||
National Fuel Gas Co. | 146,580 | 8,418,089 |
RGC Resources, Inc. | 127,230 | 2,814,328 |
Total | 11,232,417 | |
Total Utilities | 11,232,417 | |
Total Common Stocks (Cost $782,506,516) | 1,146,541,378 | |
Exchange-Traded Equity Funds 0.2% | ||
Shares | Value ($) | |
U.S. Small Cap 0.2% | ||
iShares Russell 2000 Value ETF | 13,610 | 2,264,432 |
Total Exchange-Traded Equity Funds (Cost $1,363,233) | 2,264,432 | |
Money Market Funds 0.9% | ||
Columbia Short-Term Cash Fund, 0.072%(b),(c) | 10,385,516 | 10,384,478 |
Total Money Market Funds (Cost $10,384,478) | 10,384,478 | |
Total Investments in Securities (Cost: $794,254,227) | 1,159,190,288 | |
Other Assets & Liabilities, Net | (1,411,857) | |
Net Assets | 1,157,778,431 |
(a) | Non-income producing investment. |
(b) | The rate shown is the seven-day current annualized yield at October 31, 2021. |
(c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.072% | ||||||||
12,379,847 | 181,104,804 | (183,100,173) | — | 10,384,478 | 1 | 2,989 | 10,385,516 |
ADR | American Depositary Receipt |
10 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 31,759,378 | — | — | 31,759,378 |
Consumer Discretionary | 107,139,701 | 4,784,671 | — | 111,924,372 |
Consumer Staples | 50,305,812 | — | — | 50,305,812 |
Energy | 83,035,926 | — | — | 83,035,926 |
Financials | 341,143,956 | — | — | 341,143,956 |
Health Care | 98,989,587 | — | — | 98,989,587 |
Industrials | 165,956,764 | — | — | 165,956,764 |
Information Technology | 85,196,848 | — | — | 85,196,848 |
Materials | 97,608,190 | — | — | 97,608,190 |
Real Estate | 69,388,128 | — | — | 69,388,128 |
Utilities | 11,232,417 | — | — | 11,232,417 |
Total Common Stocks | 1,141,756,707 | 4,784,671 | — | 1,146,541,378 |
Exchange-Traded Equity Funds | 2,264,432 | — | — | 2,264,432 |
Money Market Funds | 10,384,478 | — | — | 10,384,478 |
Total Investments in Securities | 1,154,405,617 | 4,784,671 | — | 1,159,190,288 |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 11 |
October 31, 2021 (Unaudited)
The Fund’s assets assigned to the Level 2 input category are generally valued using the market approach, in which a security’s value is determined through reference to prices and information from market transactions for similar or identical assets. These assets include certain foreign securities for which a third party statistical pricing service may be employed for purposes of fair market valuation. The model utilized by such third party statistical pricing service takes into account a security’s correlation to available market data including, but not limited to, intraday index, ADR, and exchange-traded fund movements.
12 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $783,869,749) | $1,148,805,810 |
Affiliated issuers (cost $10,384,478) | 10,384,478 |
Receivable for: | |
Capital shares sold | 5,922,404 |
Dividends | 227,266 |
Prepaid expenses | 11,428 |
Trustees’ deferred compensation plan | 413,658 |
Other assets | 17,791 |
Total assets | 1,165,782,835 |
Liabilities | |
Due to custodian | 124 |
Payable for: | |
Investments purchased | 6,802,580 |
Capital shares purchased | 558,010 |
Management services fees | 25,813 |
Distribution and/or service fees | 2,239 |
Transfer agent fees | 153,560 |
Compensation of board members | 9,993 |
Compensation of chief compliance officer | 12 |
Other expenses | 38,415 |
Trustees’ deferred compensation plan | 413,658 |
Total liabilities | 8,004,404 |
Net assets applicable to outstanding capital stock | $1,157,778,431 |
Represented by | |
Paid in capital | 711,443,632 |
Total distributable earnings (loss) | 446,334,799 |
Total - representing net assets applicable to outstanding capital stock | $1,157,778,431 |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 13 |
October 31, 2021 (Unaudited)
Class A | |
Net assets | $283,348,186 |
Shares outstanding | 5,825,032 |
Net asset value per share | $48.64 |
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) | $51.61 |
Advisor Class | |
Net assets | $72,559,502 |
Shares outstanding | 1,271,993 |
Net asset value per share | $57.04 |
Class C | |
Net assets | $9,279,506 |
Shares outstanding | 309,942 |
Net asset value per share | $29.94 |
Institutional Class | |
Net assets | $479,771,088 |
Shares outstanding | 8,697,893 |
Net asset value per share | $55.16 |
Institutional 2 Class | |
Net assets | $117,177,222 |
Shares outstanding | 2,050,958 |
Net asset value per share | $57.13 |
Institutional 3 Class | |
Net assets | $192,844,630 |
Shares outstanding | 3,470,704 |
Net asset value per share | $55.56 |
Class R | |
Net assets | $2,798,297 |
Shares outstanding | 57,850 |
Net asset value per share | $48.37 |
14 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
Six Months Ended October 31, 2021 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $7,758,816 |
Dividends — affiliated issuers | 2,989 |
Foreign taxes withheld | (63,258) |
Total income | 7,698,547 |
Expenses: | |
Management services fees | 4,569,230 |
Distribution and/or service fees | |
Class A | 355,314 |
Class C | 44,914 |
Class R | 6,668 |
Transfer agent fees | |
Class A | 220,714 |
Advisor Class | 50,369 |
Class C | 6,979 |
Institutional Class | 355,175 |
Institutional 2 Class | 32,691 |
Institutional 3 Class | 5,520 |
Class R | 2,073 |
Compensation of board members | 14,374 |
Custodian fees | 18,358 |
Printing and postage fees | 42,373 |
Registration fees | 93,349 |
Audit fees | 16,583 |
Legal fees | 12,040 |
Interest on interfund lending | 108 |
Compensation of chief compliance officer | 147 |
Other | 11,268 |
Total expenses | 5,858,247 |
Expense reduction | (2,544) |
Total net expenses | 5,855,703 |
Net investment income | 1,842,844 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 91,027,915 |
Investments — affiliated issuers | 1 |
Foreign currency translations | (3,352) |
Net realized gain | 91,024,564 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (65,018,450) |
Net change in unrealized appreciation (depreciation) | (65,018,450) |
Net realized and unrealized gain | 26,006,114 |
Net increase in net assets resulting from operations | $27,848,958 |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 15 |
Six Months Ended October 31, 2021 (Unaudited) | Year Ended April 30, 2021 | |
Operations | ||
Net investment income | $1,842,844 | $5,365,721 |
Net realized gain | 91,024,564 | 63,577,580 |
Net change in unrealized appreciation (depreciation) | (65,018,450) | 399,238,662 |
Net increase in net assets resulting from operations | 27,848,958 | 468,181,963 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (11,025,077) | (1,160,307) |
Advisor Class | (2,139,137) | (177,582) |
Class C | (543,838) | (5,544) |
Institutional Class | (15,998,906) | (1,812,485) |
Institutional 2 Class | (4,070,262) | (577,275) |
Institutional 3 Class | (6,304,140) | (1,074,845) |
Class R | (104,601) | (7,085) |
Total distributions to shareholders | (40,185,961) | (4,815,123) |
Increase in net assets from capital stock activity | 83,084,797 | 192,029,700 |
Total increase in net assets | 70,747,794 | 655,396,540 |
Net assets at beginning of period | 1,087,030,637 | 431,634,097 |
Net assets at end of period | $1,157,778,431 | $1,087,030,637 |
16 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
Six Months Ended | Year Ended | |||
October 31, 2021 (Unaudited) | April 30, 2021 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 312,914 | 15,348,736 | 792,138 | 30,745,196 |
Fund reorganization | — | — | 749,058 | 20,756,334 |
Distributions reinvested | 207,044 | 10,089,236 | 29,979 | 1,066,400 |
Redemptions | (504,370) | (24,239,798) | (1,411,683) | (51,005,190) |
Net increase | 15,588 | 1,198,174 | 159,492 | 1,562,740 |
Advisor Class | ||||
Subscriptions | 811,414 | 45,758,375 | 652,486 | 33,613,095 |
Fund reorganization | — | — | 23,850 | 769,407 |
Distributions reinvested | 32,624 | 1,862,484 | 3,386 | 139,315 |
Redemptions | (522,497) | (29,360,552) | (338,346) | (14,828,695) |
Net increase | 321,541 | 18,260,307 | 341,376 | 19,693,122 |
Class C | ||||
Subscriptions | 56,352 | 1,739,040 | 124,991 | 3,463,386 |
Fund reorganization | — | — | 97,768 | 1,714,870 |
Distributions reinvested | 17,335 | 521,261 | 288 | 5,178 |
Redemptions | (37,178) | (1,118,845) | (135,914) | (3,249,186) |
Net increase | 36,509 | 1,141,456 | 87,133 | 1,934,248 |
Institutional Class | ||||
Subscriptions | 1,979,850 | 108,991,522 | 5,760,693 | 230,900,160 |
Fund reorganization | — | — | 1,392,865 | 43,499,400 |
Distributions reinvested | 222,943 | 12,308,698 | 30,595 | 1,282,323 |
Redemptions | (1,416,168) | (76,759,253) | (2,774,077) | (123,743,095) |
Net increase | 786,625 | 44,540,967 | 4,410,076 | 151,938,788 |
Institutional 2 Class | ||||
Subscriptions | 390,033 | 22,185,009 | 813,796 | 37,795,832 |
Fund reorganization | — | — | 14,915 | 481,614 |
Distributions reinvested | 71,208 | 4,070,262 | 14,044 | 577,275 |
Redemptions | (430,329) | (23,758,612) | (507,180) | (22,924,661) |
Net increase | 30,912 | 2,496,659 | 335,575 | 15,930,060 |
Institutional 3 Class | ||||
Subscriptions | 681,942 | 37,263,254 | 804,192 | 37,736,473 |
Fund reorganization | — | — | 6,037 | 189,748 |
Distributions reinvested | 88,996 | 4,946,381 | 23,589 | 937,683 |
Redemptions | (488,523) | (27,087,566) | (818,757) | (37,742,017) |
Net increase | 282,415 | 15,122,069 | 15,061 | 1,121,887 |
Class R | ||||
Subscriptions | 14,357 | 695,975 | 19,947 | 726,715 |
Distributions reinvested | 2,154 | 104,464 | 201 | 7,065 |
Redemptions | (10,025) | (475,274) | (24,292) | (884,925) |
Net increase (decrease) | 6,486 | 325,165 | (4,144) | (151,145) |
Total net increase | 1,480,076 | 83,084,797 | 5,344,569 | 192,029,700 |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 17 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Class A | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $49.30 | 0.03 | 1.20 | 1.23 | (0.02) | (1.87) | (1.89) |
Year Ended 4/30/2021 | $26.90 | 0.19 | 22.41 | 22.60 | (0.17) | (0.03) | (0.20) |
Year Ended 4/30/2020 | $36.62 | 0.18 | (8.59) | (8.41) | (0.17) | (1.14) | (1.31) |
Year Ended 4/30/2019 | $40.70 | 0.08 | (1.08) | (1.00) | (0.13) | (2.95) | (3.08) |
Year Ended 4/30/2018 | $41.62 | (0.03) | 3.95 | 3.92 | (0.01) | (4.83) | (4.84) |
Year Ended 4/30/2017 | $37.50 | 0.05 | 8.85 | 8.90 | (0.06) | (4.72) | (4.78) |
Advisor Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $57.47 | 0.10 | 1.40 | 1.50 | (0.06) | (1.87) | (1.93) |
Year Ended 4/30/2021 | $31.32 | 0.37 | 26.06 | 26.43 | (0.25) | (0.03) | (0.28) |
Year Ended 4/30/2020 | $42.37 | 0.30 | (9.98) | (9.68) | (0.23) | (1.14) | (1.37) |
Year Ended 4/30/2019 | $46.56 | 0.21 | (1.25) | (1.04) | (0.20) | (2.95) | (3.15) |
Year Ended 4/30/2018 | $46.89 | 0.10 | 4.48 | 4.58 | (0.08) | (4.83) | (4.91) |
Year Ended 4/30/2017 | $41.66 | 0.15 | 9.94 | 10.09 | (0.14) | (4.72) | (4.86) |
Class C | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $31.15 | (0.09) | 0.75 | 0.66 | — | (1.87) | (1.87) |
Year Ended 4/30/2021 | $17.06 | (0.04) | 14.16 | 14.12 | — | (0.03) | (0.03) |
Year Ended 4/30/2020 | $23.72 | (0.04) | (5.48) | (5.52) | — | (1.14) | (1.14) |
Year Ended 4/30/2019 | $27.55 | (0.16) | (0.72) | (0.88) | — | (2.95) | (2.95) |
Year Ended 4/30/2018 | $29.86 | (0.24) | 2.76 | 2.52 | — | (4.83) | (4.83) |
Year Ended 4/30/2017 | $28.24 | (0.19) | 6.44 | 6.25 | — | (4.63) | (4.63) |
Institutional Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $55.63 | 0.10 | 1.36 | 1.46 | (0.06) | (1.87) | (1.93) |
Year Ended 4/30/2021 | $30.33 | 0.33 | 25.25 | 25.58 | (0.25) | (0.03) | (0.28) |
Year Ended 4/30/2020 | $41.07 | 0.30 | (9.67) | (9.37) | (0.23) | (1.14) | (1.37) |
Year Ended 4/30/2019 | $45.24 | 0.20 | (1.22) | (1.02) | (0.20) | (2.95) | (3.15) |
Year Ended 4/30/2018 | $45.70 | 0.08 | 4.37 | 4.45 | (0.08) | (4.83) | (4.91) |
Year Ended 4/30/2017 | $40.71 | 0.14 | 9.71 | 9.85 | (0.14) | (4.72) | (4.86) |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $57.55 | 0.13 | 1.40 | 1.53 | (0.08) | (1.87) | (1.95) |
Year Ended 4/30/2021 | $31.36 | 0.40 | 26.11 | 26.51 | (0.29) | (0.03) | (0.32) |
Year Ended 4/30/2020 | $42.40 | 0.36 | (10.00) | (9.64) | (0.26) | (1.14) | (1.40) |
Year Ended 4/30/2019 | $46.57 | 0.27 | (1.25) | (0.98) | (0.24) | (2.95) | (3.19) |
Year Ended 4/30/2018 | $46.88 | 0.17 | 4.46 | 4.63 | (0.11) | (4.83) | (4.94) |
Year Ended 4/30/2017 | $41.64 | 0.23 | 9.92 | 10.15 | (0.19) | (4.72) | (4.91) |
18 | Columbia Small Cap Value Fund I | 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 10/31/2021 (Unaudited) | $48.64 | 2.48% | 1.26%(c),(d) | 1.26%(c),(d),(e) | 0.12%(c) | 25% | $283,348 |
Year Ended 4/30/2021 | $49.30 | 84.29% | 1.33%(d) | 1.31%(d),(e) | 0.53% | 43% | $286,411 |
Year Ended 4/30/2020 | $26.90 | (23.69%) | 1.37%(d),(f) | 1.32%(d),(e),(f) | 0.55% | 60% | $152,006 |
Year Ended 4/30/2019 | $36.62 | (2.38%) | 1.36%(d),(f) | 1.32%(d),(e),(f) | 0.21% | 62% | $234,765 |
Year Ended 4/30/2018 | $40.70 | 10.03% | 1.35%(f) | 1.33%(e),(f) | (0.07%) | 51% | $248,266 |
Year Ended 4/30/2017 | $41.62 | 26.02% | 1.38%(f) | 1.37%(e),(f) | 0.12% | 50% | $245,315 |
Advisor Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $57.04 | 2.60% | 1.01%(c),(d) | 1.01%(c),(d),(e) | 0.36%(c) | 25% | $72,560 |
Year Ended 4/30/2021 | $57.47 | 84.74% | 1.08%(d) | 1.06%(d),(e) | 0.87% | 43% | $54,621 |
Year Ended 4/30/2020 | $31.32 | (23.49%) | 1.12%(d),(f) | 1.07%(d),(e),(f) | 0.79% | 60% | $19,077 |
Year Ended 4/30/2019 | $42.37 | (2.14%) | 1.12%(d),(f) | 1.07%(d),(e),(f) | 0.48% | 62% | $29,064 |
Year Ended 4/30/2018 | $46.56 | 10.34% | 1.10%(f) | 1.08%(e),(f) | 0.20% | 51% | $11,734 |
Year Ended 4/30/2017 | $46.89 | 26.30% | 1.13%(f) | 1.12%(e),(f) | 0.34% | 50% | $4,729 |
Class C | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $29.94 | 2.09% | 2.01%(c),(d) | 2.01%(c),(d),(e) | (0.63%)(c) | 25% | $9,280 |
Year Ended 4/30/2021 | $31.15 | 82.90% | 2.08%(d) | 2.05%(d),(e) | (0.19%) | 43% | $8,516 |
Year Ended 4/30/2020 | $17.06 | (24.24%) | 2.12%(d),(f) | 2.07%(d),(e),(f) | (0.20%) | 60% | $3,178 |
Year Ended 4/30/2019 | $23.72 | (3.15%) | 2.10%(d),(f) | 2.07%(d),(e),(f) | (0.59%) | 62% | $7,969 |
Year Ended 4/30/2018 | $27.55 | 9.24% | 2.10%(f) | 2.08%(e),(f) | (0.83%) | 51% | $22,792 |
Year Ended 4/30/2017 | $29.86 | 25.05% | 2.12%(f) | 2.12%(e),(f) | (0.65%) | 50% | $26,703 |
Institutional Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $55.16 | 2.62% | 1.01%(c),(d) | 1.01%(c),(d),(e) | 0.36%(c) | 25% | $479,771 |
Year Ended 4/30/2021 | $55.63 | 84.72% | 1.07%(d) | 1.05%(d),(e) | 0.77% | 43% | $440,126 |
Year Ended 4/30/2020 | $30.33 | (23.48%) | 1.12%(d),(f) | 1.07%(d),(e),(f) | 0.79% | 60% | $106,186 |
Year Ended 4/30/2019 | $41.07 | (2.16%) | 1.11%(d),(f) | 1.07%(d),(e),(f) | 0.47% | 62% | $192,878 |
Year Ended 4/30/2018 | $45.24 | 10.32% | 1.10%(f) | 1.08%(e),(f) | 0.17% | 51% | $209,822 |
Year Ended 4/30/2017 | $45.70 | 26.33% | 1.13%(f) | 1.12%(e),(f) | 0.34% | 50% | $239,246 |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $57.13 | 2.66% | 0.91%(c),(d) | 0.91%(c),(d) | 0.47%(c) | 25% | $117,177 |
Year Ended 4/30/2021 | $57.55 | 84.97% | 0.95%(d) | 0.93%(d) | 0.93% | 43% | $116,249 |
Year Ended 4/30/2020 | $31.36 | (23.39%) | 0.98%(d),(f) | 0.94%(d),(f) | 0.96% | 60% | $52,825 |
Year Ended 4/30/2019 | $42.40 | (2.01%) | 0.97%(d),(f) | 0.94%(d),(f) | 0.61% | 62% | $39,831 |
Year Ended 4/30/2018 | $46.57 | 10.45% | 0.97%(f) | 0.96%(f) | 0.35% | 51% | $15,739 |
Year Ended 4/30/2017 | $46.88 | 26.50% | 0.97%(f) | 0.97%(f) | 0.52% | 50% | $9,135 |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 19 |
Net asset value, beginning of period | Net investment income (loss) | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $56.01 | 0.14 | 1.37 | 1.51 | (0.09) | (1.87) | (1.96) |
Year Ended 4/30/2021 | $30.53 | 0.39 | 25.43 | 25.82 | (0.31) | (0.03) | (0.34) |
Year Ended 4/30/2020 | $41.30 | 0.37 | (9.72) | (9.35) | (0.28) | (1.14) | (1.42) |
Year Ended 4/30/2019 | $45.45 | 0.28 | (1.22) | (0.94) | (0.26) | (2.95) | (3.21) |
Year Ended 4/30/2018 | $45.86 | 0.17 | 4.37 | 4.54 | (0.12) | (4.83) | (4.95) |
Year Ended 4/30/2017 | $40.83 | 0.09 | 9.87 | 9.96 | (0.21) | (4.72) | (4.93) |
Class R | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $49.08 | (0.03) | 1.19 | 1.16 | — | (1.87) | (1.87) |
Year Ended 4/30/2021 | $26.79 | 0.11 | 22.30 | 22.41 | (0.09) | (0.03) | (0.12) |
Year Ended 4/30/2020 | $36.50 | 0.10 | (8.56) | (8.46) | (0.11) | (1.14) | (1.25) |
Year Ended 4/30/2019 | $40.61 | (0.01) | (1.09) | (1.10) | (0.06) | (2.95) | (3.01) |
Year Ended 4/30/2018 | $41.63 | (0.13) | 3.94 | 3.81 | — | (4.83) | (4.83) |
Year Ended 4/30/2017 | $37.54 | (0.06) | 8.87 | 8.81 | — | (4.72) | (4.72) |
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) | Ratios include line of credit interest expense which is less than 0.01%. |
20 | Columbia Small Cap Value Fund I | 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 10/31/2021 (Unaudited) | $55.56 | 2.69% | 0.86%(c),(d) | 0.86%(c),(d) | 0.52%(c) | 25% | $192,845 |
Year Ended 4/30/2021 | $56.01 | 85.03% | 0.90%(d) | 0.88%(d) | 0.96% | 43% | $178,586 |
Year Ended 4/30/2020 | $30.53 | (23.34%) | 0.93%(d),(f) | 0.89%(d),(f) | 1.01% | 60% | $96,875 |
Year Ended 4/30/2019 | $41.30 | (1.97%) | 0.92%(d),(f) | 0.89%(d),(f) | 0.64% | 62% | $108,132 |
Year Ended 4/30/2018 | $45.45 | 10.50% | 0.93%(f) | 0.91%(f) | 0.37% | 51% | $115,296 |
Year Ended 4/30/2017 | $45.86 | 26.57% | 0.92%(f) | 0.92%(f) | 0.22% | 50% | $64,230 |
Class R | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $48.37 | 2.35% | 1.51%(c),(d) | 1.51%(c),(d),(e) | (0.14%)(c) | 25% | $2,798 |
Year Ended 4/30/2021 | $49.08 | 83.85% | 1.58%(d) | 1.56%(d),(e) | 0.30% | 43% | $2,521 |
Year Ended 4/30/2020 | $26.79 | (23.87%) | 1.62%(d),(f) | 1.57%(d),(e),(f) | 0.31% | 60% | $1,487 |
Year Ended 4/30/2019 | $36.50 | (2.67%) | 1.60%(d),(f) | 1.57%(d),(e),(f) | (0.03%) | 62% | $2,048 |
Year Ended 4/30/2018 | $40.61 | 9.77% | 1.60%(f) | 1.58%(e),(f) | (0.31%) | 51% | $3,790 |
Year Ended 4/30/2017 | $41.63 | 25.71% | 1.63%(f) | 1.62%(e),(f) | (0.15%) | 50% | $3,032 |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 21 |
October 31, 2021 (Unaudited)
22 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 23 |
October 31, 2021 (Unaudited)
24 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Purchases ($) | Sales ($) | Net realized gain (loss) ($) |
6,560,341 | — | — |
Effective rate (%) | |
Class A | 0.16 |
Advisor Class | 0.16 |
Class C | 0.16 |
Institutional Class | 0.16 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.01 |
Class R | 0.16 |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 25 |
October 31, 2021 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 5.75 | 0.50 - 1.00(a) | 90,766 |
Class C | — | 1.00(b) | 860 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
September 1, 2021 through August 31, 2022 | Prior to September 1, 2021 | |
Class A | 1.27% | 1.31% |
Advisor Class | 1.02 | 1.06 |
Class C | 2.02 | 2.06 |
Institutional Class | 1.02 | 1.06 |
Institutional 2 Class | 0.93 | 0.93 |
Institutional 3 Class | 0.88 | 0.88 |
Class R | 1.52 | 1.56 |
26 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
794,254,000 | 380,333,000 | (15,397,000) | 364,936,000 |
No expiration short-term ($) | No expiration long-term ($) | Total ($) |
(7,621,188) | — | (7,621,188) |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 27 |
October 31, 2021 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 800,000 | 0.69 | 7 |
28 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Shares | |
Class A | 749,058 |
Advisor Class | 23,850 |
Class C | 97,768 |
Institutional Class | 1,392,865(a) |
Institutional 2 Class | 14,915 |
Institutional 3 Class | 6,037 |
(a) | 1,101,599 shares of Institutional Class were issued in exchange of Class V shares of the Acquired Fund. |
($) | |
Net investment income | 5,436,000 |
Net realized gain | 63,659,000 |
Net change in unrealized appreciation | 403,525,000 |
Net increase in net assets from operations | 472,620,000 |
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 29 |
October 31, 2021 (Unaudited)
30 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 31 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
32 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 33 |
Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund
34 | Columbia Small Cap Value Fund I | Semiannual Report 2021 |
On June 15, 2021, the Board, including all of the Independent Trustees, determined that fees payable under the Management Agreement were fair and reasonable in light of the extent and quality of services provided and approved the renewal of the Management Agreement.
Columbia Small Cap Value Fund I | Semiannual Report 2021 | 35 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
October 31, 2021
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2021) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | 11/25/02 | 0.85 | -2.74 | 2.10 | 1.88 | |
Class C | Excluding sales charges | 11/25/02 | 0.52 | -3.37 | 1.40 | 1.22 |
Including sales charges | -0.48 | -4.33 | 1.40 | 1.22 | ||
Institutional Class | 06/04/91 | 0.93 | -2.59 | 2.27 | 2.08 | |
Institutional 2 Class* | 11/08/12 | 0.93 | -2.60 | 2.25 | 2.07 | |
Institutional 3 Class* | 03/01/17 | 0.93 | -2.65 | 2.24 | 2.07 | |
FTSE USBIG Treasury Index | 1.06 | -2.42 | 2.44 | 2.26 |
* | 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 U.S. Treasury Index Fund | Semiannual Report 2021 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2021) | |
Money Market Funds | 0.8 |
U.S. Treasury Obligations | 99.2 |
Total | 100.0 |
Quality breakdown (%) (at October 31, 2021) | |
AAA rating | 100.0 |
Total | 100.0 |
4 | Columbia U.S. Treasury Index Fund | Semiannual Report 2021 |
(Unaudited)
May 1, 2021 — October 31, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,008.50 | 1,023.34 | 1.60 | 1.61 | 0.32 |
Class C | 1,000.00 | 1,000.00 | 1,005.20 | 1,020.09 | 4.85 | 4.89 | 0.97 |
Institutional Class | 1,000.00 | 1,000.00 | 1,009.30 | 1,024.08 | 0.85 | 0.86 | 0.17 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,009.30 | 1,024.08 | 0.85 | 0.86 | 0.17 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,009.30 | 1,024.08 | 0.85 | 0.86 | 0.17 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 5 |
October 31, 2021 (Unaudited)
U.S. Treasury Obligations 99.3% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
10/31/2022 | 0.125% | 24,269,000 | 24,263,312 | |
10/31/2022 | 1.875% | 4,226,000 | 4,298,469 | |
10/31/2022 | 2.000% | 6,441,000 | 6,559,504 | |
11/15/2022 | 1.625% | 9,000,000 | 9,136,406 | |
11/30/2022 | 0.125% | 6,959,000 | 6,955,738 | |
11/30/2022 | 2.000% | 5,927,000 | 6,044,151 | |
12/15/2022 | 1.625% | 4,795,000 | 4,871,608 | |
12/31/2022 | 0.125% | 2,197,000 | 2,194,511 | |
12/31/2022 | 2.125% | 6,873,000 | 7,024,958 | |
01/15/2023 | 1.500% | 2,792,000 | 2,834,534 | |
01/31/2023 | 0.125% | 3,958,000 | 3,951,816 | |
01/31/2023 | 1.750% | 3,340,000 | 3,402,234 | |
01/31/2023 | 2.375% | 1,475,000 | 1,513,892 | |
02/15/2023 | 1.375% | 3,053,000 | 3,096,648 | |
02/28/2023 | 1.500% | 2,065,000 | 2,098,234 | |
02/28/2023 | 2.625% | 2,928,000 | 3,018,699 | |
03/15/2023 | 0.500% | 5,584,000 | 5,599,051 | |
03/31/2023 | 0.125% | 18,761,000 | 18,709,700 | |
03/31/2023 | 1.500% | 4,328,000 | 4,399,852 | |
03/31/2023 | 2.500% | 4,278,000 | 4,409,014 | |
04/15/2023 | 0.250% | 5,022,000 | 5,016,507 | |
04/30/2023 | 2.750% | 3,348,000 | 3,467,926 | |
05/15/2023 | 0.125% | 12,058,000 | 12,014,667 | |
05/15/2023 | 1.750% | 4,971,000 | 5,076,828 | |
05/31/2023 | 1.625% | 3,369,000 | 3,435,722 | |
05/31/2023 | 2.750% | 3,539,000 | 3,671,851 | |
06/15/2023 | 0.250% | 6,948,000 | 6,933,073 | |
06/30/2023 | 1.375% | 6,823,000 | 6,935,206 | |
06/30/2023 | 2.625% | 6,836,000 | 7,088,078 | |
07/15/2023 | 0.125% | 6,693,000 | 6,661,104 | |
07/31/2023 | 1.250% | 4,168,000 | 4,227,915 | |
07/31/2023 | 2.750% | 4,617,000 | 4,804,205 | |
08/15/2023 | 0.125% | 9,193,000 | 9,142,726 | |
08/15/2023 | 2.500% | 1,864,000 | 1,932,371 | |
08/31/2023 | 1.375% | 5,465,000 | 5,556,581 | |
08/31/2023 | 2.750% | 1,832,000 | 1,908,572 | |
09/15/2023 | 0.125% | 7,282,000 | 7,236,488 | |
09/30/2023 | 1.375% | 4,418,000 | 4,493,762 | |
09/30/2023 | 2.875% | 6,619,000 | 6,919,699 | |
10/15/2023 | 0.125% | 5,403,000 | 5,365,432 | |
10/31/2023 | 1.625% | 4,343,000 | 4,439,869 | |
10/31/2023 | 2.875% | 3,399,000 | 3,559,390 | |
11/15/2023 | 0.250% | 7,045,000 | 7,007,023 | |
11/15/2023 | 2.750% | 17,046,000 | 17,819,729 | |
11/30/2023 | 2.125% | 3,030,000 | 3,130,132 | |
11/30/2023 | 2.875% | 4,657,000 | 4,882,573 | |
12/15/2023 | 0.125% | 6,963,000 | 6,901,530 | |
12/31/2023 | 2.250% | 3,622,000 | 3,753,298 | |
12/31/2023 | 2.625% | 5,549,000 | 5,794,803 | |
01/15/2024 | 0.125% | 8,061,000 | 7,982,909 | |
01/31/2024 | 2.250% | 2,818,000 | 2,923,235 | |
01/31/2024 | 2.500% | 5,542,000 | 5,779,267 | |
02/15/2024 | 0.125% | 14,764,000 | 14,614,053 | |
02/15/2024 | 2.750% | 6,184,000 | 6,488,369 |
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
02/29/2024 | 2.125% | 4,896,000 | 5,069,273 | |
02/29/2024 | 2.375% | 7,373,000 | 7,675,408 | |
03/15/2024 | 0.250% | 17,558,000 | 17,405,739 | |
03/31/2024 | 2.125% | 6,657,000 | 6,894,156 | |
04/15/2024 | 0.375% | 31,575,000 | 31,365,322 | |
04/30/2024 | 2.000% | 3,166,000 | 3,272,110 | |
04/30/2024 | 2.250% | 9,466,000 | 9,840,942 | |
05/15/2024 | 0.250% | 14,205,000 | 14,057,401 | |
05/15/2024 | 2.500% | 5,498,000 | 5,752,712 | |
05/31/2024 | 2.000% | 6,944,000 | 7,179,988 | |
06/15/2024 | 0.250% | 10,900,000 | 10,775,672 | |
06/30/2024 | 1.750% | 2,038,000 | 2,094,841 | |
06/30/2024 | 2.000% | 2,523,000 | 2,610,517 | |
07/15/2024 | 0.375% | 534,000 | 529,328 | |
07/31/2024 | 1.750% | 5,053,000 | 5,197,484 | |
07/31/2024 | 2.125% | 7,678,000 | 7,976,122 | |
08/15/2024 | 0.375% | 5,951,000 | 5,896,139 | |
08/15/2024 | 2.375% | 6,973,000 | 7,292,233 | |
08/31/2024 | 1.250% | 6,494,000 | 6,589,888 | |
09/30/2024 | 1.500% | 4,452,000 | 4,548,692 | |
10/31/2024 | 1.500% | 4,952,000 | 5,060,325 | |
10/31/2024 | 2.250% | 3,416,000 | 3,566,784 | |
11/15/2024 | 2.250% | 2,075,000 | 2,167,240 | |
11/30/2024 | 1.500% | 2,174,000 | 2,221,047 | |
11/30/2024 | 2.125% | 346,000 | 360,110 | |
12/31/2024 | 1.750% | 1,636,000 | 1,684,441 | |
12/31/2024 | 2.250% | 1,789,000 | 1,869,365 | |
01/31/2025 | 1.375% | 6,343,000 | 6,453,507 | |
01/31/2025 | 2.500% | 2,209,000 | 2,327,561 | |
02/15/2025 | 2.000% | 17,173,000 | 17,819,671 | |
02/28/2025 | 1.125% | 3,322,000 | 3,350,548 | |
02/28/2025 | 2.750% | 5,138,000 | 5,458,322 | |
03/31/2025 | 0.500% | 3,215,000 | 3,173,054 | |
03/31/2025 | 2.625% | 3,771,000 | 3,991,662 | |
04/30/2025 | 0.375% | 4,205,000 | 4,125,499 | |
04/30/2025 | 2.875% | 5,744,000 | 6,130,823 | |
05/15/2025 | 2.125% | 5,903,000 | 6,148,805 | |
05/31/2025 | 0.250% | 12,272,000 | 11,970,952 | |
05/31/2025 | 2.875% | 8,714,000 | 9,309,684 | |
06/30/2025 | 0.250% | 6,823,000 | 6,647,628 | |
06/30/2025 | 2.750% | 3,280,000 | 3,491,663 | |
07/31/2025 | 0.250% | 9,257,000 | 9,008,218 | |
07/31/2025 | 2.875% | 2,468,000 | 2,640,953 | |
08/15/2025 | 2.000% | 10,216,000 | 10,603,889 | |
08/31/2025 | 0.250% | 8,883,000 | 8,630,390 | |
08/31/2025 | 2.750% | 4,848,000 | 5,169,559 | |
09/30/2025 | 0.250% | 8,282,000 | 8,039,363 | |
09/30/2025 | 3.000% | 3,564,000 | 3,837,983 | |
10/31/2025 | 0.250% | 7,432,000 | 7,201,492 | |
10/31/2025 | 3.000% | 3,111,000 | 3,351,373 | |
11/15/2025 | 2.250% | 6,847,000 | 7,177,047 | |
11/30/2025 | 0.375% | 13,209,000 | 12,844,721 | |
11/30/2025 | 2.875% | 3,722,000 | 3,994,171 | |
12/31/2025 | 0.375% | 7,714,000 | 7,492,223 | |
01/31/2026 | 0.375% | 9,051,000 | 8,778,763 |
6 | Columbia U.S. Treasury Index Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
01/31/2026 | 2.625% | 4,569,000 | 4,862,059 | |
02/15/2026 | 1.625% | 5,126,000 | 5,240,935 | |
02/15/2026 | 6.000% | 2,388,000 | 2,879,219 | |
02/28/2026 | 2.500% | 4,259,000 | 4,512,211 | |
03/31/2026 | 0.750% | 22,395,000 | 22,032,831 | |
03/31/2026 | 2.250% | 6,048,000 | 6,345,203 | |
04/30/2026 | 0.750% | 7,190,000 | 7,067,545 | |
04/30/2026 | 2.375% | 6,787,000 | 7,158,694 | |
05/15/2026 | 1.625% | 5,906,000 | 6,034,732 | |
05/31/2026 | 2.125% | 4,135,000 | 4,318,168 | |
06/30/2026 | 0.875% | 1,645,000 | 1,623,538 | |
06/30/2026 | 1.875% | 3,287,000 | 3,396,395 | |
07/31/2026 | 0.625% | 8,552,000 | 8,335,527 | |
07/31/2026 | 1.875% | 3,061,000 | 3,162,635 | |
08/15/2026 | 1.500% | 8,703,000 | 8,836,945 | |
08/31/2026 | 0.750% | 4,634,000 | 4,540,958 | |
08/31/2026 | 1.375% | 5,002,000 | 5,050,848 | |
09/30/2026 | 1.625% | 3,624,000 | 3,701,576 | |
10/31/2026 | 1.625% | 2,647,000 | 2,703,662 | |
11/15/2026 | 2.000% | 8,262,000 | 8,586,025 | |
11/30/2026 | 1.625% | 3,260,000 | 3,328,511 | |
12/31/2026 | 1.750% | 2,844,000 | 2,921,099 | |
01/31/2027 | 1.500% | 6,535,000 | 6,626,898 | |
02/15/2027 | 2.250% | 5,499,000 | 5,782,972 | |
02/28/2027 | 1.125% | 5,093,000 | 5,062,362 | |
03/31/2027 | 0.625% | 2,295,000 | 2,218,978 | |
04/30/2027 | 0.500% | 3,196,000 | 3,063,666 | |
05/15/2027 | 2.375% | 13,557,000 | 14,350,296 | |
05/31/2027 | 0.500% | 5,916,000 | 5,662,721 | |
06/30/2027 | 0.500% | 7,037,000 | 6,729,131 | |
07/31/2027 | 0.375% | 9,213,000 | 8,740,834 | |
08/15/2027 | 2.250% | 7,510,000 | 7,900,755 | |
08/31/2027 | 0.500% | 10,005,000 | 9,539,142 | |
09/30/2027 | 0.375% | 9,622,000 | 9,096,549 | |
10/31/2027 | 0.500% | 13,366,000 | 12,711,275 | |
11/15/2027 | 2.250% | 8,740,000 | 9,197,484 | |
11/30/2027 | 0.625% | 13,598,000 | 13,012,649 | |
12/31/2027 | 0.625% | 5,653,000 | 5,401,265 | |
01/31/2028 | 0.750% | 10,850,000 | 10,432,106 | |
02/15/2028 | 2.750% | 8,150,000 | 8,823,012 | |
02/29/2028 | 1.125% | 11,723,000 | 11,537,081 | |
03/31/2028 | 1.250% | 9,588,000 | 9,493,618 | |
04/30/2028 | 1.250% | 9,978,000 | 9,875,881 | |
05/15/2028 | 2.875% | 7,901,000 | 8,623,201 | |
06/30/2028 | 1.250% | 4,719,000 | 4,660,750 | |
07/31/2028 | 1.000% | 8,813,000 | 8,556,872 | |
08/15/2028 | 2.875% | 7,563,000 | 8,270,850 | |
08/31/2028 | 1.125% | 7,179,000 | 7,023,081 | |
11/15/2028 | 3.125% | 7,800,000 | 8,675,062 | |
11/15/2028 | 5.250% | 2,293,000 | 2,878,073 | |
02/15/2029 | 2.625% | 9,624,000 | 10,395,424 | |
02/15/2029 | 5.250% | 6,351,000 | 8,012,183 | |
05/15/2029 | 2.375% | 11,278,000 | 12,000,497 | |
08/15/2029 | 1.625% | 6,694,000 | 6,774,537 | |
11/15/2029 | 1.750% | 5,207,000 | 5,320,090 | |
02/15/2030 | 1.500% | 9,313,000 | 9,323,186 | |
05/15/2030 | 0.625% | 15,387,000 | 14,297,889 |
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
05/15/2030 | 6.250% | 1,377,000 | 1,902,627 | |
08/15/2030 | 0.625% | 18,800,000 | 17,425,250 | |
11/15/2030 | 0.875% | 19,591,000 | 18,522,678 | |
02/15/2031 | 1.125% | 19,513,000 | 18,833,094 | |
02/15/2031 | 5.375% | 1,250,000 | 1,668,555 | |
05/15/2031 | 1.625% | 15,247,000 | 15,361,352 | |
08/15/2031 | 1.250% | 11,320,000 | 10,999,856 | |
02/15/2036 | 4.500% | 1,132,000 | 1,554,908 | |
05/15/2038 | 4.500% | 2,114,000 | 2,947,378 | |
02/15/2039 | 3.500% | 1,884,000 | 2,352,645 | |
05/15/2039 | 4.250% | 1,608,000 | 2,195,674 | |
08/15/2039 | 4.500% | 2,666,000 | 3,746,980 | |
11/15/2039 | 4.375% | 2,197,000 | 3,045,591 | |
02/15/2040 | 4.625% | 3,245,000 | 4,640,350 | |
05/15/2040 | 1.125% | 7,898,000 | 6,844,111 | |
05/15/2040 | 4.375% | 3,156,000 | 4,396,209 | |
08/15/2040 | 1.125% | 10,216,000 | 8,836,840 | |
08/15/2040 | 3.875% | 4,276,000 | 5,610,246 | |
11/15/2040 | 1.375% | 10,418,000 | 9,412,012 | |
11/15/2040 | 4.250% | 3,217,000 | 4,419,354 | |
02/15/2041 | 1.875% | 12,464,000 | 12,261,460 | |
02/15/2041 | 4.750% | 1,371,000 | 2,002,731 | |
05/15/2041 | 2.250% | 6,846,000 | 7,153,000 | |
05/15/2041 | 4.375% | 852,000 | 1,193,599 | |
08/15/2041 | 1.750% | 4,394,000 | 4,230,598 | |
08/15/2041 | 3.750% | 2,049,000 | 2,655,696 | |
02/15/2042 | 3.125% | 568,000 | 679,026 | |
08/15/2042 | 2.750% | 2,255,000 | 2,550,616 | |
11/15/2042 | 2.750% | 3,844,000 | 4,346,123 | |
02/15/2043 | 3.125% | 3,419,000 | 4,097,992 | |
05/15/2043 | 2.875% | 4,744,000 | 5,480,061 | |
08/15/2043 | 3.625% | 2,765,000 | 3,570,306 | |
11/15/2043 | 3.750% | 3,315,000 | 4,361,297 | |
02/15/2044 | 3.625% | 4,205,000 | 5,452,702 | |
05/15/2044 | 3.375% | 4,778,000 | 5,991,164 | |
08/15/2044 | 3.125% | 4,226,000 | 5,106,197 | |
11/15/2044 | 3.000% | 3,709,000 | 4,405,597 | |
02/15/2045 | 2.500% | 5,491,000 | 6,012,645 | |
05/15/2045 | 3.000% | 3,438,000 | 4,104,650 | |
08/15/2045 | 2.875% | 3,801,000 | 4,451,327 | |
11/15/2045 | 3.000% | 1,425,000 | 1,707,105 | |
02/15/2046 | 2.500% | 4,217,000 | 4,643,312 | |
05/15/2046 | 2.500% | 4,493,000 | 4,951,426 | |
08/15/2046 | 2.250% | 5,302,000 | 5,587,811 | |
11/15/2046 | 2.875% | 3,118,000 | 3,690,445 | |
02/15/2047 | 3.000% | 4,515,000 | 5,473,732 | |
05/15/2047 | 3.000% | 3,901,000 | 4,738,496 | |
08/15/2047 | 2.750% | 4,820,000 | 5,601,744 | |
11/15/2047 | 2.750% | 5,645,000 | 6,565,841 | |
02/15/2048 | 3.000% | 5,804,000 | 7,066,370 | |
05/15/2048 | 3.125% | 6,646,000 | 8,284,654 | |
08/15/2048 | 3.000% | 6,832,000 | 8,338,242 | |
11/15/2048 | 3.375% | 7,527,000 | 9,822,735 | |
02/15/2049 | 3.000% | 7,872,000 | 9,643,200 | |
05/15/2049 | 2.875% | 8,312,000 | 9,976,997 | |
08/15/2049 | 2.250% | 7,991,000 | 8,515,409 | |
11/15/2049 | 2.375% | 7,158,000 | 7,832,418 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 7 |
October 31, 2021 (Unaudited)
U.S. Treasury Obligations (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
02/15/2050 | 2.000% | 7,545,000 | 7,629,881 | |
05/15/2050 | 1.250% | 9,776,000 | 8,271,413 | |
08/15/2050 | 1.375% | 10,576,000 | 9,220,950 | |
11/15/2050 | 1.625% | 11,313,000 | 10,496,343 | |
02/15/2051 | 1.875% | 11,678,000 | 11,490,057 | |
05/15/2051 | 2.375% | 8,622,000 | 9,480,158 | |
08/15/2051 | 2.000% | 4,535,000 | 4,601,608 | |
Total U.S. Treasury Obligations (Cost $1,500,457,345) | 1,524,632,557 |
Money Market Funds 0.8% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.072%(a),(b) | 12,724,357 | 12,723,085 |
Total Money Market Funds (Cost $12,722,890) | 12,723,085 | |
Total Investments in Securities (Cost: $1,513,180,235) | 1,537,355,642 | |
Other Assets & Liabilities, Net | (891,085) | |
Net Assets | 1,536,464,557 |
(a) | The rate shown is the seven-day current annualized yield at October 31, 2021. |
(b) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.072% | ||||||||
5,961,437 | 75,586,837 | (68,825,189) | — | 12,723,085 | — | 2,802 | 12,724,357 |
■ | 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). |
8 | Columbia U.S. Treasury Index Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. The Committee reports to the Board, with members of the Committee meeting with the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
U.S. Treasury Obligations | 1,524,632,557 | — | — | 1,524,632,557 |
Money Market Funds | 12,723,085 | — | — | 12,723,085 |
Total Investments in Securities | 1,537,355,642 | — | — | 1,537,355,642 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 9 |
October 31, 2021 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,500,457,345) | $1,524,632,557 |
Affiliated issuers (cost $12,722,890) | 12,723,085 |
Receivable for: | |
Investments sold | 6,548,016 |
Capital shares sold | 1,832,348 |
Dividends | 719 |
Interest | 7,401,851 |
Expense reimbursement due from Investment Manager | 9,723 |
Trustees’ deferred compensation plan | 148,071 |
Total assets | 1,553,296,370 |
Liabilities | |
Payable for: | |
Investments purchased | 14,881,792 |
Capital shares purchased | 301,795 |
Distributions to shareholders | 1,471,519 |
Management services fees | 16,818 |
Distribution and/or service fees | 260 |
Compensation of board members | 11,558 |
Trustees’ deferred compensation plan | 148,071 |
Total liabilities | 16,831,813 |
Net assets applicable to outstanding capital stock | $1,536,464,557 |
Represented by | |
Paid in capital | 1,511,169,766 |
Total distributable earnings (loss) | 25,294,791 |
Total - representing net assets applicable to outstanding capital stock | $1,536,464,557 |
Class A | |
Net assets | $40,734,141 |
Shares outstanding | 3,522,561 |
Net asset value per share | $11.56 |
Class C | |
Net assets | $4,255,896 |
Shares outstanding | 368,039 |
Net asset value per share | $11.56 |
Institutional Class | |
Net assets | $532,124,971 |
Shares outstanding | 45,998,083 |
Net asset value per share | $11.57 |
Institutional 2 Class | |
Net assets | $53,015,377 |
Shares outstanding | 4,592,423 |
Net asset value per share | $11.54 |
Institutional 3 Class | |
Net assets | $906,334,172 |
Shares outstanding | 77,908,427 |
Net asset value per share | $11.63 |
10 | Columbia U.S. Treasury Index Fund | Semiannual Report 2021 |
Six Months Ended October 31, 2021 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $2,802 |
Interest | 10,083,582 |
Total income | 10,086,384 |
Expenses: | |
Management services fees | 3,068,280 |
Distribution and/or service fees | |
Class A | 47,579 |
Class C | 25,110 |
Compensation of board members | 16,214 |
Total expenses | 3,157,183 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (1,780,475) |
Fees waived by distributor | |
Class A | (15,011) |
Class C | (3,836) |
Expense reduction | (560) |
Total net expenses | 1,357,301 |
Net investment income | 8,729,083 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 2,369,127 |
Net realized gain | 2,369,127 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 2,895,129 |
Net change in unrealized appreciation (depreciation) | 2,895,129 |
Net realized and unrealized gain | 5,264,256 |
Net increase in net assets resulting from operations | $13,993,339 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 11 |
Six Months Ended October 31, 2021 (Unaudited) | Year Ended April 30, 2021 | |
Operations | ||
Net investment income | $8,729,083 | $15,765,172 |
Net realized gain | 2,369,127 | 4,878,183 |
Net change in unrealized appreciation (depreciation) | 2,895,129 | (77,711,771) |
Net increase (decrease) in net assets resulting from operations | 13,993,339 | (57,068,416) |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (218,046) | (1,007,331) |
Class C | (9,212) | (102,605) |
Institutional Class | (3,085,218) | (10,927,800) |
Institutional 2 Class | (325,222) | (1,056,029) |
Institutional 3 Class | (5,187,234) | (9,468,987) |
Total distributions to shareholders | (8,824,932) | (22,562,752) |
Increase in net assets from capital stock activity | 293,040,796 | 210,255,941 |
Total increase in net assets | 298,209,203 | 130,624,773 |
Net assets at beginning of period | 1,238,255,354 | 1,107,630,581 |
Net assets at end of period | $1,536,464,557 | $1,238,255,354 |
12 | Columbia U.S. Treasury Index Fund | Semiannual Report 2021 |
Six Months Ended | Year Ended | |||
October 31, 2021 (Unaudited) | April 30, 2021 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 397,617 | 4,611,545 | 2,503,519 | 30,279,238 |
Distributions reinvested | 10,755 | 125,064 | 52,006 | 623,745 |
Redemptions | (1,080,286) | (12,524,198) | (2,581,410) | (30,736,169) |
Net increase (decrease) | (671,914) | (7,787,589) | (25,885) | 166,814 |
Class C | ||||
Subscriptions | 14,078 | 164,214 | 463,270 | 5,632,251 |
Distributions reinvested | 788 | 9,160 | 8,523 | 102,314 |
Redemptions | (226,527) | (2,630,769) | (454,200) | (5,406,784) |
Net increase (decrease) | (211,661) | (2,457,395) | 17,593 | 327,781 |
Institutional Class | ||||
Subscriptions | 4,153,376 | 48,479,964 | 13,476,919 | 162,645,987 |
Distributions reinvested | 256,840 | 2,988,543 | 877,042 | 10,532,133 |
Redemptions | (5,014,999) | (58,524,186) | (15,064,561) | (180,968,131) |
Net decrease | (604,783) | (7,055,679) | (710,600) | (7,790,011) |
Institutional 2 Class | ||||
Subscriptions | 932,371 | 10,815,376 | 3,633,451 | 43,793,657 |
Distributions reinvested | 6,653 | 77,274 | 24,726 | 296,679 |
Redemptions | (970,091) | (11,282,428) | (3,212,716) | (38,649,751) |
Net increase (decrease) | (31,067) | (389,778) | 445,461 | 5,440,585 |
Institutional 3 Class | ||||
Subscriptions | 28,916,121 | 335,910,479 | 31,328,526 | 377,853,939 |
Distributions reinvested | 442,611 | 5,178,772 | 785,573 | 9,460,633 |
Redemptions | (2,580,593) | (30,358,014) | (14,582,431) | (175,203,800) |
Net increase | 26,778,139 | 310,731,237 | 17,531,668 | 212,110,772 |
Total net increase | 25,258,714 | 293,040,796 | 17,258,237 | 210,255,941 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 13 |
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 10/31/2021 (Unaudited) | $11.52 | 0.06 | 0.04 | 0.10 | (0.06) | — | (0.06) |
Year Ended 4/30/2021 | $12.30 | 0.14 | (0.71) | (0.57) | (0.14) | (0.07) | (0.21) |
Year Ended 4/30/2020 | $11.00 | 0.21 | 1.30 | 1.51 | (0.21) | — | (0.21) |
Year Ended 4/30/2019 | $10.75 | 0.21 | 0.25 | 0.46 | (0.21) | — | (0.21) |
Year Ended 4/30/2018 | $11.06 | 0.16 | (0.31) | (0.15) | (0.16) | — | (0.16) |
Year Ended 4/30/2017 | $11.34 | 0.14 | (0.25) | (0.11) | (0.14) | (0.03) | (0.17) |
Class C | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $11.52 | 0.02 | 0.04 | 0.06 | (0.02) | — | (0.02) |
Year Ended 4/30/2021 | $12.29 | 0.06 | (0.70) | (0.64) | (0.06) | (0.07) | (0.13) |
Year Ended 4/30/2020 | $11.00 | 0.13 | 1.29 | 1.42 | (0.13) | — | (0.13) |
Year Ended 4/30/2019 | $10.75 | 0.13 | 0.25 | 0.38 | (0.13) | — | (0.13) |
Year Ended 4/30/2018 | $11.06 | 0.09 | (0.31) | (0.22) | (0.09) | — | (0.09) |
Year Ended 4/30/2017 | $11.34 | 0.06 | (0.24) | (0.18) | (0.07) | (0.03) | (0.10) |
Institutional Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $11.53 | 0.07 | 0.04 | 0.11 | (0.07) | — | (0.07) |
Year Ended 4/30/2021 | $12.30 | 0.16 | (0.70) | (0.54) | (0.16) | (0.07) | (0.23) |
Year Ended 4/30/2020 | $11.01 | 0.23 | 1.29 | 1.52 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $10.75 | 0.22 | 0.27 | 0.49 | (0.23) | — | (0.23) |
Year Ended 4/30/2018 | $11.06 | 0.18 | (0.31) | (0.13) | (0.18) | — | (0.18) |
Year Ended 4/30/2017 | $11.34 | 0.16 | (0.25) | (0.09) | (0.16) | (0.03) | (0.19) |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $11.50 | 0.07 | 0.04 | 0.11 | (0.07) | — | (0.07) |
Year Ended 4/30/2021 | $12.27 | 0.16 | (0.70) | (0.54) | (0.16) | (0.07) | (0.23) |
Year Ended 4/30/2020 | $10.98 | 0.23 | 1.29 | 1.52 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $10.73 | 0.23 | 0.25 | 0.48 | (0.23) | — | (0.23) |
Year Ended 4/30/2018 | $11.04 | 0.18 | (0.31) | (0.13) | (0.18) | — | (0.18) |
Year Ended 4/30/2017 | $11.32 | 0.16 | (0.25) | (0.09) | (0.16) | (0.03) | (0.19) |
14 | Columbia U.S. Treasury Index 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 10/31/2021 (Unaudited) | $11.56 | 0.85% | 0.62%(c) | 0.32%(c),(d) | 0.99%(c) | 13% | $40,734 |
Year Ended 4/30/2021 | $11.52 | (4.66%) | 0.65% | 0.32%(d) | 1.20% | 40% | $48,338 |
Year Ended 4/30/2020 | $12.30 | 13.88% | 0.65% | 0.33%(d) | 1.83% | 54% | $51,890 |
Year Ended 4/30/2019 | $11.00 | 4.32% | 0.65% | 0.35%(d) | 1.93% | 50% | $35,707 |
Year Ended 4/30/2018 | $10.75 | (1.35%) | 0.65% | 0.35%(d) | 1.49% | 27% | $45,074 |
Year Ended 4/30/2017 | $11.06 | (0.94%) | 0.65% | 0.35%(d) | 1.27% | 50% | $48,312 |
Class C | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $11.56 | 0.52% | 1.34%(c) | 0.97%(c),(d) | 0.34%(c) | 13% | $4,256 |
Year Ended 4/30/2021 | $11.52 | (5.22%) | 1.40% | 0.99%(d) | 0.53% | 40% | $6,680 |
Year Ended 4/30/2020 | $12.29 | 13.00% | 1.41% | 1.03%(d) | 1.12% | 54% | $6,910 |
Year Ended 4/30/2019 | $11.00 | 3.59% | 1.40% | 1.05%(d) | 1.23% | 50% | $2,801 |
Year Ended 4/30/2018 | $10.75 | (2.03%) | 1.41% | 1.05%(d) | 0.78% | 27% | $4,143 |
Year Ended 4/30/2017 | $11.06 | (1.63%) | 1.40% | 1.05%(d) | 0.56% | 50% | $6,938 |
Institutional Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $11.57 | 0.93% | 0.40%(c) | 0.17%(c),(d) | 1.14%(c) | 13% | $532,125 |
Year Ended 4/30/2021 | $11.53 | (4.44%) | 0.40% | 0.17%(d) | 1.35% | 40% | $537,273 |
Year Ended 4/30/2020 | $12.30 | 13.95% | 0.40% | 0.18%(d) | 1.98% | 54% | $581,931 |
Year Ended 4/30/2019 | $11.01 | 4.57% | 0.40% | 0.20%(d) | 2.08% | 50% | $323,226 |
Year Ended 4/30/2018 | $10.75 | (1.20%) | 0.40% | 0.20%(d) | 1.64% | 27% | $392,889 |
Year Ended 4/30/2017 | $11.06 | (0.79%) | 0.40% | 0.20%(d) | 1.42% | 50% | $380,519 |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $11.54 | 0.93% | 0.40%(c) | 0.17%(c) | 1.14%(c) | 13% | $53,015 |
Year Ended 4/30/2021 | $11.50 | (4.45%) | 0.40% | 0.17% | 1.35% | 40% | $53,191 |
Year Ended 4/30/2020 | $12.27 | 13.98% | 0.40% | 0.18% | 1.98% | 54% | $51,284 |
Year Ended 4/30/2019 | $10.98 | 4.48% | 0.40% | 0.20% | 2.10% | 50% | $35,855 |
Year Ended 4/30/2018 | $10.73 | (1.20%) | 0.40% | 0.20% | 1.65% | 27% | $30,710 |
Year Ended 4/30/2017 | $11.04 | (0.80%) | 0.41% | 0.20% | 1.45% | 50% | $24,839 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 15 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $11.59 | 0.07 | 0.04 | 0.11 | (0.07) | — | (0.07) |
Year Ended 4/30/2021 | $12.37 | 0.16 | (0.71) | (0.55) | (0.16) | (0.07) | (0.23) |
Year Ended 4/30/2020 | $11.07 | 0.23 | 1.30 | 1.53 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $10.81 | 0.23 | 0.26 | 0.49 | (0.23) | — | (0.23) |
Year Ended 4/30/2018 | $11.13 | 0.18 | (0.32) | (0.14) | (0.18) | — | (0.18) |
Year Ended 4/30/2017(e) | $11.02 | 0.03 | 0.11(f) | 0.14 | (0.03) | — | (0.03) |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Institutional 3 Class shares commenced operations on March 1, 2017. Per share data and total return reflect activity from that date. |
(f) | 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. |
16 | Columbia U.S. Treasury Index 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 3 Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $11.63 | 0.93% | 0.40%(c) | 0.17%(c) | 1.15%(c) | 13% | $906,334 |
Year Ended 4/30/2021 | $11.59 | (4.49%) | 0.40% | 0.17% | 1.33% | 40% | $592,772 |
Year Ended 4/30/2020 | $12.37 | 13.97% | 0.40% | 0.18% | 2.00% | 54% | $415,616 |
Year Ended 4/30/2019 | $11.07 | 4.56% | 0.40% | 0.20% | 2.10% | 50% | $445,200 |
Year Ended 4/30/2018 | $10.81 | (1.27%) | 0.40% | 0.20% | 1.66% | 27% | $401,768 |
Year Ended 4/30/2017(e) | $11.13 | 1.24% | 0.40%(c) | 0.20%(c) | 1.52%(c) | 50% | $252,341 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 17 |
October 31, 2021 (Unaudited)
18 | Columbia U.S. Treasury Index Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 19 |
October 31, 2021 (Unaudited)
20 | Columbia U.S. Treasury Index Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class C | — | 1.00(a) | 529 |
(a) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
September 1, 2021 through August 31, 2022 | Prior to September 1, 2021 | |
Class A | 0.32% | 0.42% |
Class C | 0.97 | 1.17 |
Institutional Class | 0.17 | 0.17 |
Institutional 2 Class | 0.17 | 0.17 |
Institutional 3 Class | 0.17 | 0.17 |
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 21 |
October 31, 2021 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,513,180,000 | 41,774,000 | (17,598,000) | 24,176,000 |
Late year ordinary losses ($) | Post-October capital losses ($) |
— | 1,937,028 |
22 | Columbia U.S. Treasury Index Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 23 |
October 31, 2021 (Unaudited)
24 | Columbia U.S. Treasury Index Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 25 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
26 | Columbia U.S. Treasury Index Fund | Semiannual Report 2021 |
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
Columbia U.S. Treasury Index Fund | Semiannual Report 2021 | 27 |
Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund
28 | Columbia U.S. Treasury Index 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.
October 31, 2021
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2021) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 07/31/00 | 2.35 | 2.77 | 4.88 | 4.58 |
Including sales charges | -2.53 | -2.09 | 3.86 | 4.07 | ||
Advisor Class* | 11/08/12 | 2.39 | 3.02 | 5.12 | 4.84 | |
Class C | Excluding sales charges | 07/15/02 | 2.07 | 2.29 | 4.26 | 3.96 |
Including sales charges | 1.07 | 1.32 | 4.26 | 3.96 | ||
Institutional Class | 03/05/86 | 2.48 | 3.02 | 5.14 | 4.84 | |
Institutional 2 Class* | 11/08/12 | 2.44 | 3.12 | 5.23 | 4.94 | |
Institutional 3 Class* | 11/08/12 | 2.46 | 3.17 | 5.28 | 4.99 | |
Blended Benchmark | 2.63 | 3.41 | 5.06 | 5.01 | ||
Bloomberg U.S. Corporate Bond Index | 2.66 | 2.18 | 4.83 | 4.71 |
* | 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 Corporate Income Fund | Semiannual Report 2021 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2021) | |
Common Stocks | 0.0(a) |
Convertible Bonds | 0.0(a) |
Corporate Bonds & Notes | 94.0 |
Foreign Government Obligations | 0.0(a) |
Money Market Funds | 3.5 |
Senior Loans | 0.2 |
U.S. Treasury Obligations | 2.3 |
Total | 100.0 |
(a) | Rounds to zero. |
Quality breakdown (%) (at October 31, 2021) | |
AAA rating | 3.5 |
AA rating | 5.4 |
A rating | 29.1 |
BBB rating | 44.7 |
BB rating | 9.5 |
B rating | 5.8 |
CCC rating | 2.0 |
CC rating | 0.0(a) |
Total | 100.0 |
(a) | Rounds to zero. |
4 | Columbia Corporate Income Fund | Semiannual Report 2021 |
(Unaudited)
May 1, 2021 — October 31, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,023.50 | 1,020.59 | 4.39 | 4.38 | 0.87 |
Advisor Class | 1,000.00 | 1,000.00 | 1,023.90 | 1,021.84 | 3.13 | 3.13 | 0.62 |
Class C | 1,000.00 | 1,000.00 | 1,020.70 | 1,017.85 | 7.15 | 7.14 | 1.42 |
Institutional Class | 1,000.00 | 1,000.00 | 1,024.80 | 1,021.84 | 3.13 | 3.13 | 0.62 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,024.40 | 1,022.34 | 2.62 | 2.62 | 0.52 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,024.60 | 1,022.59 | 2.37 | 2.37 | 0.47 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 5 |
October 31, 2021 (Unaudited)
Common Stocks 0.0% | ||
Issuer | Shares | Value ($) |
Financials 0.0% | ||
Insurance 0.0% | ||
Mr. Cooper Group, Inc.(a) | 1,782 | 78,123 |
WMI Holdings Corp. Escrow(a),(b),(c) | 1,075 | — |
Total | 78,123 | |
Total Financials | 78,123 | |
Total Common Stocks (Cost $1,077,470) | 78,123 |
Convertible Bonds 0.0% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Cable and Satellite 0.0% | ||||
DISH Network Corp. | ||||
Subordinated | ||||
08/15/2026 | 3.375% | 238,000 | 242,483 | |
Total Convertible Bonds (Cost $224,615) | 242,483 | |||
Corporate Bonds & Notes 92.8% | ||||
Aerospace & Defense 3.1% | ||||
BAE Systems PLC(d) | ||||
02/15/2031 | 1.900% | 17,155,000 | 16,377,247 | |
Boeing Co. (The) | ||||
03/01/2029 | 3.200% | 8,721,000 | 9,035,836 | |
08/01/2059 | 3.950% | 10,033,000 | 10,604,680 | |
Bombardier, Inc.(d) | ||||
12/01/2024 | 7.500% | 337,000 | 350,805 | |
04/15/2027 | 7.875% | 360,000 | 374,389 | |
Moog, Inc.(d) | ||||
12/15/2027 | 4.250% | 139,000 | 143,212 | |
TransDigm, Inc.(d) | ||||
03/15/2026 | 6.250% | 2,391,000 | 2,497,495 | |
TransDigm, Inc. | ||||
06/15/2026 | 6.375% | 622,000 | 643,534 | |
11/15/2027 | 5.500% | 710,000 | 727,964 | |
05/01/2029 | 4.875% | 664,000 | 666,211 | |
United Technologies Corp. | ||||
11/16/2028 | 4.125% | 3,396,000 | 3,848,667 | |
06/01/2042 | 4.500% | 2,410,000 | 2,969,376 | |
Total | 48,239,416 | |||
Airlines 0.2% | ||||
Air Canada(d) | ||||
08/15/2026 | 3.875% | 520,000 | 526,854 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(d) | ||||
04/20/2026 | 5.500% | 865,000 | 907,095 | |
04/20/2029 | 5.750% | 132,255 | 142,351 | |
Delta Air Lines, Inc. | ||||
01/15/2026 | 7.375% | 491,000 | 577,240 | |
Hawaiian Brand Intellectual Property Ltd./Miles Loyalty Ltd.(d) | ||||
01/20/2026 | 5.750% | 482,739 | 506,876 | |
United Airlines, Inc.(d) | ||||
04/15/2026 | 4.375% | 219,000 | 226,758 | |
04/15/2029 | 4.625% | 245,000 | 252,653 | |
Total | 3,139,827 | |||
Automotive 0.8% | ||||
American Axle & Manufacturing, Inc. | ||||
03/15/2026 | 6.250% | 441,000 | 453,139 | |
Clarios Global LP(d) | ||||
05/15/2025 | 6.750% | 80,000 | 84,249 | |
Ford Motor Co. | ||||
04/21/2023 | 8.500% | 68,000 | 74,514 | |
04/22/2025 | 9.000% | 486,000 | 584,470 | |
04/22/2030 | 9.625% | 20,000 | 28,814 | |
07/16/2031 | 7.450% | 252,000 | 333,434 | |
Ford Motor Credit Co. LLC | ||||
09/08/2024 | 3.664% | 1,168,000 | 1,211,739 | |
06/16/2025 | 5.125% | 256,000 | 278,041 | |
11/13/2025 | 3.375% | 1,251,000 | 1,285,530 | |
08/17/2027 | 4.125% | 554,000 | 586,866 | |
11/13/2030 | 4.000% | 214,000 | 223,438 | |
General Motors Co. | ||||
04/01/2048 | 5.400% | 2,835,000 | 3,618,568 | |
IAA Spinco, Inc.(d) | ||||
06/15/2027 | 5.500% | 910,000 | 947,671 | |
Jaguar Land Rover Automotive PLC(d) | ||||
07/15/2029 | 5.500% | 312,000 | 301,058 | |
KAR Auction Services, Inc.(d) | ||||
06/01/2025 | 5.125% | 579,000 | 581,723 | |
Panther BF Aggregator 2 LP/Finance Co., Inc.(d) | ||||
05/15/2026 | 6.250% | 60,000 | 62,778 | |
05/15/2027 | 8.500% | 503,000 | 534,585 | |
Real Hero Merger Sub 2, Inc.(d) | ||||
02/01/2029 | 6.250% | 180,000 | 184,792 | |
Tenneco, Inc.(d) | ||||
01/15/2029 | 7.875% | 557,000 | 608,991 | |
04/15/2029 | 5.125% | 240,000 | 237,833 | |
Total | 12,222,233 |
6 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Banking 19.4% | ||||
Bank of America Corp.(e) | ||||
07/23/2031 | 1.898% | 19,015,000 | 18,168,770 | |
10/24/2031 | 1.922% | 34,690,000 | 33,075,864 | |
Bank of Nova Scotia (The) | ||||
04/15/2024 | 0.700% | 12,992,000 | 12,910,710 | |
Citigroup, Inc.(e) | ||||
06/03/2031 | 2.572% | 16,545,000 | 16,668,635 | |
05/01/2032 | 2.561% | 4,284,000 | 4,295,739 | |
Citigroup, Inc.(e),(f) | ||||
11/03/2032 | 2.520% | 7,445,000 | 7,417,544 | |
Goldman Sachs Group, Inc. (The)(e) | ||||
05/01/2029 | 4.223% | 19,695,000 | 22,060,966 | |
07/21/2032 | 2.383% | 13,232,000 | 13,007,482 | |
HSBC Holdings PLC(e) | ||||
05/24/2032 | 2.804% | 25,593,000 | 25,770,753 | |
JPMorgan Chase & Co.(e) | ||||
10/15/2030 | 2.739% | 16,187,000 | 16,622,425 | |
11/19/2031 | 1.764% | 3,635,000 | 3,441,174 | |
04/22/2032 | 2.580% | 30,210,000 | 30,427,044 | |
Morgan Stanley(e) | ||||
07/21/2032 | 2.239% | 16,330,000 | 15,943,156 | |
10/20/2032 | 2.511% | 18,517,000 | 18,480,641 | |
Royal Bank of Canada | ||||
01/19/2024 | 0.425% | 13,550,000 | 13,433,691 | |
Truist Financial Corp.(e) | ||||
03/02/2027 | 1.267% | 6,872,000 | 6,772,224 | |
Washington Mutual Bank(b),(c),(g) | ||||
Subordinated | ||||
01/15/2015 | 0.000% | 6,350,000 | 9,525 | |
Wells Fargo & Co.(e) | ||||
10/30/2030 | 2.879% | 13,846,000 | 14,347,411 | |
02/11/2031 | 2.572% | 30,044,000 | 30,386,388 | |
Total | 303,240,142 | |||
Brokerage/Asset Managers/Exchanges 0.1% | ||||
Aretec Escrow Issuer, Inc.(d) | ||||
04/01/2029 | 7.500% | 178,000 | 184,336 | |
Hightower Holding LLC(d) | ||||
04/15/2029 | 6.750% | 455,000 | 465,319 | |
NFP Corp.(d) | ||||
08/15/2028 | 4.875% | 456,000 | 462,976 | |
08/15/2028 | 6.875% | 1,093,000 | 1,111,427 | |
Total | 2,224,058 | |||
Building Materials 0.2% | ||||
American Builders & Contractors Supply Co., Inc.(d) | ||||
01/15/2028 | 4.000% | 455,000 | 462,905 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Beacon Roofing Supply, Inc.(d) | ||||
11/15/2026 | 4.500% | 550,000 | 569,970 | |
05/15/2029 | 4.125% | 291,000 | 287,882 | |
CP Atlas Buyer Inc.(d) | ||||
12/01/2028 | 7.000% | 245,000 | 237,016 | |
Interface, Inc.(d) | ||||
12/01/2028 | 5.500% | 210,000 | 219,130 | |
James Hardie International Finance DAC(d) | ||||
01/15/2028 | 5.000% | 572,000 | 598,074 | |
SRS Distribution, Inc.(d) | ||||
07/01/2028 | 4.625% | 226,000 | 231,255 | |
07/01/2029 | 6.125% | 439,000 | 451,572 | |
White Cap Buyer LLC(d) | ||||
10/15/2028 | 6.875% | 567,000 | 586,197 | |
Total | 3,644,001 | |||
Cable and Satellite 3.0% | ||||
CCO Holdings LLC/Capital Corp.(d) | ||||
05/01/2027 | 5.125% | 324,000 | 336,117 | |
03/01/2030 | 4.750% | 1,263,000 | 1,305,474 | |
02/01/2031 | 4.250% | 1,353,000 | 1,346,371 | |
CCO Holdings LLC/Capital Corp. | ||||
05/01/2032 | 4.500% | 381,000 | 384,165 | |
Charter Communications Operating LLC/Capital | ||||
05/01/2047 | 5.375% | 6,790,000 | 8,219,158 | |
06/30/2062 | 3.950% | 7,352,000 | 7,219,882 | |
Comcast Corp. | ||||
02/15/2031 | 1.500% | 16,780,000 | 15,722,789 | |
Comcast Corp.(d) | ||||
11/01/2056 | 2.937% | 1,483,000 | 1,430,094 | |
CSC Holdings LLC(d) | ||||
01/15/2030 | 5.750% | 664,000 | 654,571 | |
12/01/2030 | 4.125% | 1,316,000 | 1,260,412 | |
02/15/2031 | 3.375% | 504,000 | 458,872 | |
DIRECTV Holdings LLC/Financing Co., Inc.(d) | ||||
08/15/2027 | 5.875% | 278,000 | 288,525 | |
DISH DBS Corp. | ||||
07/01/2026 | 7.750% | 958,000 | 1,066,325 | |
06/01/2029 | 5.125% | 833,000 | 802,227 | |
NBCUniversal Media LLC | ||||
01/15/2043 | 4.450% | 1,810,000 | 2,191,622 | |
Radiate Holdco LLC/Finance, Inc.(d) | ||||
09/15/2028 | 6.500% | 1,000,000 | 1,000,688 | |
Sirius XM Radio, Inc.(d) | ||||
09/01/2026 | 3.125% | 433,000 | 433,986 | |
07/01/2030 | 4.125% | 461,000 | 458,948 | |
Videotron Ltd.(d) | ||||
06/15/2029 | 3.625% | 255,000 | 256,858 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 7 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Virgin Media Finance PLC(d) | ||||
07/15/2030 | 5.000% | 556,000 | 553,006 | |
Virgin Media Secured Finance PLC(d) | ||||
05/15/2029 | 5.500% | 168,000 | 176,996 | |
Ziggo Bond Co. BV(d) | ||||
02/28/2030 | 5.125% | 509,000 | 514,840 | |
Ziggo Bond Finance BV(d) | ||||
01/15/2027 | 6.000% | 501,000 | 517,702 | |
Ziggo BV(d) | ||||
01/15/2030 | 4.875% | 1,000,000 | 1,015,693 | |
Total | 47,615,321 | |||
Chemicals 0.5% | ||||
Axalta Coating Systems LLC(d) | ||||
02/15/2029 | 3.375% | 650,000 | 618,431 | |
Axalta Coating Systems LLC/Dutch Holding B BV(d) | ||||
06/15/2027 | 4.750% | 265,000 | 273,766 | |
Element Solutions, Inc.(d) | ||||
09/01/2028 | 3.875% | 533,000 | 532,778 | |
HB Fuller Co. | ||||
10/15/2028 | 4.250% | 818,000 | 831,329 | |
Herens Holdco Sarl(d) | ||||
05/15/2028 | 4.750% | 338,000 | 335,528 | |
Illuminate Buyer LLC/Holdings IV, Inc.(d) | ||||
07/01/2028 | 9.000% | 355,000 | 384,639 | |
INEOS Group Holdings SA(d) | ||||
08/01/2024 | 5.625% | 398,000 | 398,416 | |
Innophos Holdings, Inc.(d) | ||||
02/15/2028 | 9.375% | 401,000 | 433,449 | |
Iris Holdings, Inc.(d),(h) | ||||
02/15/2026 | 8.750% | 245,000 | 248,837 | |
Minerals Technologies, Inc.(d) | ||||
07/01/2028 | 5.000% | 189,000 | 194,922 | |
Olympus Water US Holding Corp.(d) | ||||
10/01/2028 | 4.250% | 432,000 | 425,218 | |
10/01/2029 | 6.250% | 190,000 | 189,457 | |
SPCM SA(d) | ||||
03/15/2027 | 3.125% | 46,000 | 45,856 | |
Unifrax Escrow Issuer Corp.(d) | ||||
09/30/2028 | 5.250% | 219,000 | 219,099 | |
09/30/2029 | 7.500% | 123,000 | 122,288 | |
WR Grace Holdings LLC(d) | ||||
06/15/2027 | 4.875% | 1,635,000 | 1,660,799 | |
08/15/2029 | 5.625% | 641,000 | 646,412 | |
Total | 7,561,224 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Construction Machinery 2.7% | ||||
Caterpillar Financial Services Corp. | ||||
05/17/2024 | 0.450% | 12,444,000 | 12,340,041 | |
09/13/2024 | 0.600% | 11,862,000 | 11,774,348 | |
H&E Equipment Services, Inc.(d) | ||||
12/15/2028 | 3.875% | 720,000 | 717,298 | |
John Deere Capital Corp. | ||||
09/10/2024 | 0.625% | 5,110,000 | 5,078,560 | |
NESCO Holdings II, Inc.(d) | ||||
04/15/2029 | 5.500% | 259,000 | 264,761 | |
United Rentals North America, Inc. | ||||
05/15/2027 | 5.500% | 97,000 | 101,652 | |
11/15/2027 | 3.875% | 10,420,000 | 10,905,879 | |
02/15/2031 | 3.875% | 181,000 | 182,254 | |
01/15/2032 | 3.750% | 211,000 | 210,583 | |
Total | 41,575,376 | |||
Consumer Cyclical Services 0.2% | ||||
APX Group, Inc.(d) | ||||
07/15/2029 | 5.750% | 265,000 | 262,679 | |
Match Group, Inc.(d) | ||||
06/01/2028 | 4.625% | 174,000 | 180,930 | |
Staples, Inc.(d) | ||||
04/15/2026 | 7.500% | 254,000 | 257,234 | |
04/15/2027 | 10.750% | 56,000 | 53,458 | |
Uber Technologies, Inc.(d) | ||||
05/15/2025 | 7.500% | 778,000 | 829,092 | |
01/15/2028 | 6.250% | 257,000 | 275,832 | |
08/15/2029 | 4.500% | 1,635,000 | 1,647,150 | |
Total | 3,506,375 | |||
Consumer Products 0.2% | ||||
CD&R Smokey Buyer, Inc.(d) | ||||
07/15/2025 | 6.750% | 432,000 | 457,555 | |
Mattel, Inc.(d) | ||||
04/01/2026 | 3.375% | 171,000 | 176,290 | |
04/01/2029 | 3.750% | 532,000 | 552,781 | |
Mattel, Inc. | ||||
11/01/2041 | 5.450% | 54,000 | 63,921 | |
Newell Brands, Inc. | ||||
06/01/2025 | 4.875% | 92,000 | 100,730 | |
Prestige Brands, Inc.(d) | ||||
01/15/2028 | 5.125% | 509,000 | 532,526 | |
04/01/2031 | 3.750% | 237,000 | 229,113 | |
Scotts Miracle-Gro Co. (The)(d) | ||||
02/01/2032 | 4.375% | 469,000 | 471,669 | |
Spectrum Brands, Inc. | ||||
07/15/2025 | 5.750% | 209,000 | 214,317 |
8 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Tempur Sealy International, Inc.(d) | ||||
10/15/2031 | 3.875% | 223,000 | 221,022 | |
Total | 3,019,924 | |||
Diversified Manufacturing 2.4% | ||||
BWX Technologies, Inc.(d) | ||||
06/30/2028 | 4.125% | 231,000 | 234,486 | |
Carrier Global Corp. | ||||
02/15/2030 | 2.722% | 15,488,000 | 15,891,120 | |
CFX Escrow Corp.(d) | ||||
02/15/2026 | 6.375% | 273,000 | 284,603 | |
Gates Global LLC/Co.(d) | ||||
01/15/2026 | 6.250% | 807,000 | 834,612 | |
General Electric Co. | ||||
03/15/2032 | 6.750% | 3,898,000 | 5,393,715 | |
General Electric Co.(i) | ||||
Junior Subordinated | ||||
3-month USD LIBOR + 3.330% 12/31/2049 | 3.446% | 4,010,000 | 3,909,816 | |
Madison IAQ LLC(d) | ||||
06/30/2028 | 4.125% | 600,000 | 596,535 | |
06/30/2029 | 5.875% | 538,000 | 533,885 | |
Resideo Funding, Inc.(d) | ||||
09/01/2029 | 4.000% | 422,000 | 403,394 | |
Siemens Financieringsmaatschappij NV(d) | ||||
03/11/2024 | 0.650% | 8,584,000 | 8,546,579 | |
Vertical US Newco, Inc.(d) | ||||
07/15/2027 | 5.250% | 526,000 | 536,138 | |
Welbilt, Inc. | ||||
02/15/2024 | 9.500% | 103,000 | 105,784 | |
WESCO Distribution, Inc.(d) | ||||
06/15/2025 | 7.125% | 302,000 | 321,283 | |
06/15/2028 | 7.250% | 558,000 | 616,044 | |
Total | 38,207,994 | |||
Electric 12.3% | ||||
AEP Texas, Inc. | ||||
01/15/2050 | 3.450% | 10,380,000 | 10,969,297 | |
Calpine Corp.(d) | ||||
02/15/2028 | 4.500% | 357,000 | 361,552 | |
03/15/2028 | 5.125% | 292,000 | 291,272 | |
CenterPoint Energy, Inc. | ||||
09/01/2024 | 2.500% | 3,517,000 | 3,647,869 | |
Clearway Energy Operating LLC(d) | ||||
03/15/2028 | 4.750% | 2,560,000 | 2,706,868 | |
02/15/2031 | 3.750% | 1,052,000 | 1,049,950 | |
01/15/2032 | 3.750% | 215,000 | 213,578 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMS Energy Corp. | ||||
03/01/2024 | 3.875% | 2,124,000 | 2,247,972 | |
11/15/2025 | 3.600% | 8,564,000 | 9,186,374 | |
Dominion Energy, Inc. | ||||
08/15/2031 | 2.250% | 5,500,000 | 5,428,836 | |
DTE Energy Co. | ||||
10/01/2026 | 2.850% | 1,361,000 | 1,428,661 | |
06/15/2029 | 3.400% | 7,403,000 | 7,957,711 | |
Duke Energy Corp. | ||||
10/15/2023 | 3.950% | 6,183,000 | 6,517,991 | |
06/15/2051 | 3.500% | 4,382,000 | 4,633,371 | |
Emera US Finance LP | ||||
06/15/2046 | 4.750% | 4,303,000 | 5,175,670 | |
Eversource Energy | ||||
10/01/2024 | 2.900% | 5,000,000 | 5,239,945 | |
01/15/2025 | 3.150% | 2,695,000 | 2,842,280 | |
08/15/2030 | 1.650% | 17,836,000 | 16,830,685 | |
Exelon Corp. | ||||
04/15/2050 | 4.700% | 3,825,000 | 4,928,311 | |
Georgia Power Co. | ||||
07/30/2023 | 2.100% | 13,854,000 | 14,187,839 | |
03/15/2042 | 4.300% | 15,175,000 | 17,566,708 | |
Jersey Central Power & Light Co.(d) | ||||
03/01/2032 | 2.750% | 1,783,000 | 1,822,284 | |
Leeward Renewable Energy Operations LLC(d) | ||||
07/01/2029 | 4.250% | 130,000 | 130,822 | |
NextEra Energy Operating Partners LP(d) | ||||
09/15/2027 | 4.500% | 425,000 | 455,217 | |
NRG Energy, Inc. | ||||
01/15/2028 | 5.750% | 7,000 | 7,423 | |
NRG Energy, Inc.(d) | ||||
06/15/2029 | 5.250% | 2,298,000 | 2,444,041 | |
02/15/2031 | 3.625% | 600,000 | 584,380 | |
02/15/2032 | 3.875% | 549,000 | 537,990 | |
Pacific Gas and Electric Co. | ||||
07/01/2050 | 4.950% | 9,570,000 | 10,595,779 | |
PG&E Corp. | ||||
07/01/2030 | 5.250% | 398,000 | 415,946 | |
Pinnacle West Capital Corp. | ||||
06/15/2025 | 1.300% | 3,795,000 | 3,763,483 | |
Progress Energy, Inc. | ||||
04/01/2022 | 3.150% | 13,000,000 | 13,057,067 | |
Southern California Edison Co. | ||||
10/01/2043 | 4.650% | 295,000 | 350,333 | |
04/01/2047 | 4.000% | 1,665,000 | 1,854,251 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 9 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Vistra Operations Co. LLC(d) | ||||
09/01/2026 | 5.500% | 159,000 | 163,683 | |
02/15/2027 | 5.625% | 408,000 | 420,425 | |
07/31/2027 | 5.000% | 252,000 | 258,024 | |
05/01/2029 | 4.375% | 310,000 | 306,070 | |
WEC Energy Group, Inc. | ||||
09/15/2023 | 0.550% | 4,735,000 | 4,719,253 | |
06/15/2025 | 3.550% | 4,151,000 | 4,448,129 | |
10/15/2027 | 1.375% | 7,695,000 | 7,476,312 | |
Xcel Energy, Inc. | ||||
12/01/2026 | 3.350% | 1,200,000 | 1,286,884 | |
12/01/2049 | 3.500% | 7,935,000 | 8,658,250 | |
Xcel Energy, Inc.(f) | ||||
11/15/2031 | 2.350% | 5,588,000 | 5,572,577 | |
Total | 192,741,363 | |||
Environmental 1.1% | ||||
GFL Environmental, Inc.(d) | ||||
06/01/2025 | 4.250% | 95,000 | 97,961 | |
08/01/2025 | 3.750% | 7,660,000 | 7,876,032 | |
12/15/2026 | 5.125% | 364,000 | 381,169 | |
08/01/2028 | 4.000% | 320,000 | 312,534 | |
06/15/2029 | 4.750% | 509,000 | 513,948 | |
08/15/2029 | 4.375% | 158,000 | 156,714 | |
Waste Connections, Inc. | ||||
01/15/2032 | 2.200% | 7,000,000 | 6,877,143 | |
Waste Pro USA, Inc.(d) | ||||
02/15/2026 | 5.500% | 1,022,000 | 1,012,012 | |
Total | 17,227,513 | |||
Finance Companies 1.1% | ||||
GE Capital International Funding Co. Unlimited Co. | ||||
11/15/2035 | 4.418% | 11,167,000 | 13,597,464 | |
Global Aircraft Leasing Co., Ltd.(d),(h) | ||||
09/15/2024 | 6.500% | 228,722 | 221,974 | |
Navient Corp. | ||||
01/25/2023 | 5.500% | 508,000 | 530,649 | |
10/25/2024 | 5.875% | 111,000 | 118,635 | |
03/15/2028 | 4.875% | 224,000 | 224,910 | |
Provident Funding Associates LP/Finance Corp.(d) | ||||
06/15/2025 | 6.375% | 383,000 | 385,188 | |
Quicken Loans LLC/Co-Issuer, Inc.(d) | ||||
03/01/2029 | 3.625% | 321,000 | 318,704 | |
Rocket Mortgage LLC/Co-Issuer, Inc.(d) | ||||
10/15/2033 | 4.000% | 1,312,000 | 1,293,306 | |
Springleaf Finance Corp. | ||||
03/15/2024 | 6.125% | 585,000 | 622,201 | |
06/01/2025 | 8.875% | 102,000 | 110,320 | |
Total | 17,423,351 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Food and Beverage 4.1% | ||||
Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | ||||
02/01/2046 | 4.900% | 19,276,000 | 24,585,029 | |
Bacardi Ltd.(d) | ||||
05/15/2038 | 5.150% | 3,790,000 | 4,702,026 | |
05/15/2048 | 5.300% | 6,960,000 | 9,312,170 | |
FAGE International SA/USA Dairy Industry, Inc.(d) | ||||
08/15/2026 | 5.625% | 956,000 | 979,960 | |
JBS USA LUX SA/Food Co./Finance, Inc.(d) | ||||
12/01/2031 | 3.750% | 248,000 | 253,829 | |
Kraft Heinz Foods Co. | ||||
06/01/2046 | 4.375% | 3,491,000 | 4,074,550 | |
Lamb Weston Holdings, Inc.(d),(f) | ||||
01/31/2030 | 4.125% | 463,000 | 463,542 | |
01/31/2032 | 4.375% | 463,000 | 463,626 | |
Mondelez International, Inc. | ||||
05/04/2025 | 1.500% | 11,610,000 | 11,707,481 | |
Pilgrim’s Pride Corp.(d) | ||||
09/30/2027 | 5.875% | 261,000 | 275,086 | |
04/15/2031 | 4.250% | 992,000 | 1,046,817 | |
03/01/2032 | 3.500% | 1,145,000 | 1,152,588 | |
Post Holdings, Inc.(d) | ||||
03/01/2027 | 5.750% | 2,596,000 | 2,693,764 | |
04/15/2030 | 4.625% | 736,000 | 740,419 | |
09/15/2031 | 4.500% | 523,000 | 513,325 | |
Primo Water Holdings, Inc.(d) | ||||
04/30/2029 | 4.375% | 309,000 | 306,390 | |
Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed(d) | ||||
03/01/2029 | 4.625% | 283,000 | 285,810 | |
Triton Water Holdings, Inc.(d) | ||||
04/01/2029 | 6.250% | 501,000 | 500,661 | |
US Foods, Inc.(d) | ||||
02/15/2029 | 4.750% | 523,000 | 529,369 | |
Total | 64,586,442 | |||
Gaming 0.5% | ||||
Boyd Gaming Corp.(d) | ||||
06/01/2025 | 8.625% | 90,000 | 97,343 | |
06/15/2031 | 4.750% | 503,000 | 517,826 | |
Boyd Gaming Corp. | ||||
12/01/2027 | 4.750% | 205,000 | 211,151 | |
Caesars Entertainment, Inc.(d) | ||||
10/15/2029 | 4.625% | 766,000 | 770,572 | |
Colt Merger Sub, Inc.(d) | ||||
07/01/2025 | 5.750% | 607,000 | 637,686 | |
07/01/2025 | 6.250% | 682,000 | 717,882 | |
07/01/2027 | 8.125% | 56,000 | 62,742 |
10 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
International Game Technology PLC(d) | ||||
04/15/2026 | 4.125% | 203,000 | 209,732 | |
MGM Growth Properties Operating Partnership LP/Finance Co-Issuer, Inc.(d) | ||||
06/15/2025 | 4.625% | 166,000 | 178,676 | |
02/15/2029 | 3.875% | 103,000 | 109,089 | |
MGM Growth Properties Operating Partnership LP/Finance Co-Issuer, Inc. | ||||
02/01/2027 | 5.750% | 154,000 | 175,820 | |
Midwest Gaming Borrower LLC(d) | ||||
05/01/2029 | 4.875% | 414,000 | 417,771 | |
Penn National Gaming, Inc.(d) | ||||
07/01/2029 | 4.125% | 242,000 | 237,278 | |
Scientific Games International, Inc.(d) | ||||
07/01/2025 | 8.625% | 104,000 | 112,413 | |
10/15/2025 | 5.000% | 922,000 | 949,899 | |
03/15/2026 | 8.250% | 695,000 | 737,533 | |
11/15/2029 | 7.250% | 579,000 | 654,389 | |
VICI Properties LP/Note Co., Inc.(d) | ||||
12/01/2026 | 4.250% | 176,000 | 182,397 | |
Wynn Las Vegas LLC/Capital Corp.(d) | ||||
03/01/2025 | 5.500% | 92,000 | 93,598 | |
Wynn Resorts Finance LLC/Capital Corp.(d) | ||||
04/15/2025 | 7.750% | 94,000 | 99,039 | |
10/01/2029 | 5.125% | 126,000 | 126,693 | |
Total | 7,299,529 | |||
Health Care 3.1% | ||||
Acadia Healthcare Co., Inc.(d) | ||||
07/01/2028 | 5.500% | 1,258,000 | 1,318,431 | |
04/15/2029 | 5.000% | 109,000 | 111,197 | |
AdaptHealth LLC(d) | ||||
03/01/2030 | 5.125% | 749,000 | 753,237 | |
Avantor Funding, Inc.(d) | ||||
07/15/2028 | 4.625% | 914,000 | 948,366 | |
11/01/2029 | 3.875% | 941,000 | 942,251 | |
Becton Dickinson and Co. | ||||
06/06/2024 | 3.363% | 5,698,000 | 6,007,958 | |
02/11/2031 | 1.957% | 6,540,000 | 6,337,190 | |
Catalent Pharma Solutions, Inc.(d) | ||||
04/01/2030 | 3.500% | 288,000 | 285,803 | |
Charles River Laboratories International, Inc.(d) | ||||
03/15/2029 | 3.750% | 148,000 | 149,487 | |
03/15/2031 | 4.000% | 119,000 | 123,144 | |
CHS/Community Health Systems, Inc.(d) | ||||
02/15/2025 | 6.625% | 323,000 | 337,160 | |
03/15/2026 | 8.000% | 394,000 | 416,231 | |
04/15/2029 | 6.875% | 459,000 | 472,160 | |
CVS Health Corp. | ||||
09/15/2031 | 2.125% | 12,678,000 | 12,364,476 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
HCA, Inc. | ||||
02/01/2029 | 5.875% | 863,000 | 1,027,172 | |
09/01/2030 | 3.500% | 730,000 | 768,660 | |
07/15/2051 | 3.500% | 5,430,000 | 5,514,866 | |
Indigo Merger Sub, Inc.(d) | ||||
07/15/2026 | 2.875% | 200,000 | 202,014 | |
Mozart Debt Merger Sub, Inc.(d) | ||||
10/01/2029 | 5.250% | 215,000 | 218,523 | |
Radiology Partners, Inc.(d) | ||||
02/01/2028 | 9.250% | 151,000 | 160,114 | |
RP Escrow Issuer LLC(d) | ||||
12/15/2025 | 5.250% | 420,000 | 420,278 | |
Select Medical Corp.(d) | ||||
08/15/2026 | 6.250% | 1,121,000 | 1,173,252 | |
Tenet Healthcare Corp.(d) | ||||
01/01/2026 | 4.875% | 405,000 | 416,439 | |
02/01/2027 | 6.250% | 394,000 | 409,211 | |
11/01/2027 | 5.125% | 1,793,000 | 1,874,668 | |
10/01/2028 | 6.125% | 674,000 | 707,837 | |
Thermo Fisher Scientific, Inc. | ||||
10/15/2031 | 2.000% | 5,066,000 | 4,954,530 | |
Total | 48,414,655 | |||
Healthcare Insurance 0.9% | ||||
Aetna, Inc. | ||||
08/15/2047 | 3.875% | 2,502,000 | 2,853,273 | |
Centene Corp. | ||||
02/15/2030 | 3.375% | 7,594,000 | 7,806,940 | |
10/15/2030 | 3.000% | 2,046,000 | 2,079,084 | |
03/01/2031 | 2.500% | 612,000 | 596,281 | |
08/01/2031 | 2.625% | 825,000 | 812,448 | |
Total | 14,148,026 | |||
Home Construction 0.1% | ||||
Meritage Homes Corp. | ||||
06/01/2025 | 6.000% | 330,000 | 369,669 | |
Meritage Homes Corp.(d) | ||||
04/15/2029 | 3.875% | 423,000 | 438,199 | |
Shea Homes LP/Funding Corp.(d) | ||||
02/15/2028 | 4.750% | 171,000 | 172,360 | |
04/01/2029 | 4.750% | 65,000 | 65,606 | |
Taylor Morrison Communities, Inc.(d) | ||||
01/15/2028 | 5.750% | 193,000 | 212,389 | |
08/01/2030 | 5.125% | 355,000 | 378,032 | |
Total | 1,636,255 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 11 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Independent Energy 1.2% | ||||
Apache Corp. | ||||
11/15/2027 | 4.875% | 190,000 | 206,693 | |
09/01/2040 | 5.100% | 184,000 | 206,144 | |
02/01/2042 | 5.250% | 748,000 | 841,946 | |
04/15/2043 | 4.750% | 403,000 | 443,926 | |
Callon Petroleum Co. | ||||
07/01/2026 | 6.375% | 922,000 | 885,581 | |
Callon Petroleum Co.(d) | ||||
08/01/2028 | 8.000% | 326,000 | 328,457 | |
Canadian Natural Resources Ltd. | ||||
06/01/2027 | 3.850% | 4,885,000 | 5,297,355 | |
CNX Resources Corp.(d) | ||||
03/14/2027 | 7.250% | 610,000 | 647,746 | |
01/15/2029 | 6.000% | 519,000 | 547,677 | |
Comstock Resources, Inc.(d) | ||||
03/01/2029 | 6.750% | 235,000 | 252,562 | |
01/15/2030 | 5.875% | 174,000 | 180,986 | |
CrownRock LP/Finance, Inc.(d) | ||||
10/15/2025 | 5.625% | 219,000 | 224,102 | |
05/01/2029 | 5.000% | 153,000 | 157,713 | |
Endeavor Energy Resources LP/Finance, Inc.(d) | ||||
01/30/2028 | 5.750% | 158,000 | 165,840 | |
EQT Corp. | ||||
01/15/2029 | 5.000% | 252,000 | 280,296 | |
EQT Corp.(e) | ||||
02/01/2030 | 7.500% | 510,000 | 653,081 | |
EQT Corp.(d) | ||||
05/15/2031 | 3.625% | 230,000 | 235,115 | |
Hilcorp Energy I LP/Finance Co.(d) | ||||
02/01/2029 | 5.750% | 281,000 | 286,327 | |
02/01/2031 | 6.000% | 300,000 | 308,084 | |
Matador Resources Co. | ||||
09/15/2026 | 5.875% | 520,000 | 536,615 | |
Newfield Exploration Co. | ||||
01/01/2026 | 5.375% | 270,000 | 300,335 | |
Occidental Petroleum Corp. | ||||
07/15/2025 | 8.000% | 786,000 | 929,779 | |
09/01/2030 | 6.625% | 593,000 | 726,654 | |
01/01/2031 | 6.125% | 648,000 | 775,223 | |
09/15/2036 | 6.450% | 208,000 | 265,071 | |
03/15/2046 | 6.600% | 1,048,000 | 1,343,014 | |
04/15/2046 | 4.400% | 358,000 | 362,333 | |
03/15/2048 | 4.200% | 240,000 | 233,871 | |
08/15/2049 | 4.400% | 235,000 | 234,900 | |
SM Energy Co. | ||||
01/15/2027 | 6.625% | 88,000 | 90,912 | |
07/15/2028 | 6.500% | 175,000 | 183,734 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Southwestern Energy Co.(d) | ||||
02/01/2029 | 5.375% | 227,000 | 238,993 | |
Total | 18,371,065 | |||
Integrated Energy 0.5% | ||||
BP Capital Markets America, Inc. | ||||
02/08/2061 | 3.379% | 2,525,000 | 2,600,188 | |
Cenovus Energy, Inc. | ||||
07/15/2025 | 5.375% | 80,000 | 89,885 | |
04/15/2027 | 4.250% | 10,000 | 10,984 | |
11/15/2039 | 6.750% | 250,000 | 342,998 | |
02/15/2052 | 3.750% | 4,098,000 | 4,135,722 | |
Total | 7,179,777 | |||
Leisure 0.5% | ||||
Carnival Corp.(d) | ||||
03/01/2026 | 7.625% | 216,000 | 227,478 | |
03/01/2027 | 5.750% | 1,059,000 | 1,077,528 | |
08/01/2028 | 4.000% | 740,000 | 739,525 | |
Carnival Corp.(d),(f) | ||||
05/01/2029 | 6.000% | 572,000 | 572,808 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp. | ||||
06/01/2024 | 5.375% | 211,000 | 212,851 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC(d) | ||||
05/01/2025 | 5.500% | 300,000 | 311,996 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC | ||||
10/01/2028 | 6.500% | 472,000 | 505,892 | |
Cinemark USA, Inc.(d) | ||||
05/01/2025 | 8.750% | 121,000 | 129,780 | |
03/15/2026 | 5.875% | 481,000 | 483,513 | |
07/15/2028 | 5.250% | 225,000 | 219,619 | |
Live Nation Entertainment, Inc.(d) | ||||
05/15/2027 | 6.500% | 258,000 | 283,072 | |
10/15/2027 | 4.750% | 398,000 | 405,881 | |
NCL Corp Ltd.(d) | ||||
03/15/2026 | 5.875% | 210,000 | 210,862 | |
NCL Finance Ltd.(d) | ||||
03/15/2028 | 6.125% | 117,000 | 118,777 | |
Royal Caribbean Cruises Ltd.(d) | ||||
06/15/2023 | 9.125% | 143,000 | 155,301 | |
07/01/2026 | 4.250% | 292,000 | 283,282 | |
08/31/2026 | 5.500% | 375,000 | 382,393 | |
04/01/2028 | 5.500% | 388,000 | 394,325 | |
Royal Caribbean Cruises Ltd. | ||||
03/15/2028 | 3.700% | 292,000 | 276,956 | |
Six Flags Entertainment Corp.(d) | ||||
07/31/2024 | 4.875% | 471,000 | 476,717 |
12 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Viking Cruises Ltd.(d) | ||||
09/15/2027 | 5.875% | 362,000 | 351,045 | |
Total | 7,819,601 | |||
Life Insurance 8.7% | ||||
AIG Global Funding(d) | ||||
09/22/2025 | 0.900% | 6,680,000 | 6,519,441 | |
Five Corners Funding Trust(d) | ||||
11/15/2023 | 4.419% | 23,065,000 | 24,749,337 | |
Guardian Life Global Funding(d) | ||||
12/10/2025 | 0.875% | 13,510,000 | 13,243,301 | |
Guardian Life Insurance Co. of America (The)(d) | ||||
Subordinated | ||||
06/19/2064 | 4.875% | 980,000 | 1,306,761 | |
Massachusetts Mutual Life Insurance Co.(d) | ||||
Subordinated | ||||
10/15/2070 | 3.729% | 3,418,000 | 3,801,236 | |
New York Life Global Funding(d) | ||||
01/15/2026 | 0.850% | 9,189,000 | 8,995,715 | |
New York Life Insurance Co.(d) | ||||
Subordinated | ||||
05/15/2050 | 3.750% | 1,015,000 | 1,161,805 | |
Northwestern Mutual Global Funding(d) | ||||
01/14/2026 | 0.800% | 8,667,000 | 8,441,768 | |
Northwestern Mutual Life Insurance Co. (The)(d) | ||||
Subordinated | ||||
09/30/2059 | 3.625% | 6,958,000 | 7,747,683 | |
Pacific Life Global Funding II(d) | ||||
09/23/2023 | 0.500% | 4,635,000 | 4,623,336 | |
04/14/2026 | 1.375% | 17,139,000 | 17,122,997 | |
Peachtree Corners Funding Trust(d) | ||||
02/15/2025 | 3.976% | 16,462,000 | 17,715,155 | |
Principal Life Global Funding II(d) | ||||
11/21/2024 | 2.250% | 7,165,000 | 7,394,429 | |
Teachers Insurance & Annuity Association of America(d) | ||||
Subordinated | ||||
09/15/2044 | 4.900% | 4,715,000 | 6,170,082 | |
05/15/2050 | 3.300% | 6,368,000 | 6,745,612 | |
Voya Financial, Inc. | ||||
06/15/2046 | 4.800% | 825,000 | 1,062,815 | |
Total | 136,801,473 | |||
Lodging 0.0% | ||||
Hilton Domestic Operating Co., Inc.(d) | ||||
05/01/2025 | 5.375% | 310,000 | 323,465 | |
Marriott Ownership Resorts, Inc.(d) | ||||
06/15/2029 | 4.500% | 128,000 | 128,492 | |
Total | 451,957 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Media and Entertainment 1.7% | ||||
Cengage Learning, Inc.(d) | ||||
06/15/2024 | 9.500% | 524,000 | 537,104 | |
Clear Channel International BV(d) | ||||
08/01/2025 | 6.625% | 274,000 | 285,125 | |
Clear Channel Outdoor Holdings, Inc.(d) | ||||
04/15/2028 | 7.750% | 708,000 | 733,403 | |
06/01/2029 | 7.500% | 433,000 | 443,342 | |
Diamond Sports Group LLC/Finance Co.(d) | ||||
08/15/2027 | 6.625% | 79,000 | 23,627 | |
Discovery Communications LLC | ||||
05/15/2049 | 5.300% | 1,432,000 | 1,820,482 | |
iHeartCommunications, Inc. | ||||
05/01/2026 | 6.375% | 261,962 | 274,432 | |
05/01/2027 | 8.375% | 884,518 | 942,012 | |
iHeartCommunications, Inc.(d) | ||||
08/15/2027 | 5.250% | 102,000 | 104,410 | |
01/15/2028 | 4.750% | 749,000 | 755,235 | |
Lamar Media Corp. | ||||
02/15/2028 | 3.750% | 404,000 | 409,010 | |
Netflix, Inc. | ||||
11/15/2028 | 5.875% | 995,000 | 1,211,570 | |
05/15/2029 | 6.375% | 388,000 | 488,605 | |
Netflix, Inc.(d) | ||||
11/15/2029 | 5.375% | 6,792,000 | 8,189,394 | |
06/15/2030 | 4.875% | 725,000 | 850,257 | |
Outfront Media Capital LLC/Corp.(d) | ||||
01/15/2029 | 4.250% | 216,000 | 211,628 | |
03/15/2030 | 4.625% | 367,000 | 366,884 | |
Playtika Holding Corp.(d) | ||||
03/15/2029 | 4.250% | 283,000 | 283,506 | |
Roblox Corp.(d) | ||||
05/01/2030 | 3.875% | 453,000 | 451,361 | |
Scripps Escrow, Inc.(d) | ||||
07/15/2027 | 5.875% | 564,000 | 575,785 | |
Univision Communications, Inc.(d) | ||||
05/01/2029 | 4.500% | 248,000 | 250,774 | |
ViacomCBS, Inc. | ||||
01/15/2031 | 4.950% | 1,330,000 | 1,578,198 | |
05/19/2032 | 4.200% | 795,000 | 902,208 | |
Walt Disney Co. (The) | ||||
09/15/2044 | 4.750% | 3,480,000 | 4,469,125 | |
Total | 26,157,477 | |||
Metals and Mining 0.9% | ||||
Alcoa Nederland Holding BV(d) | ||||
03/31/2029 | 4.125% | 194,000 | 201,803 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 13 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Allegheny Technologies, Inc. | ||||
10/01/2029 | 4.875% | 122,000 | 121,691 | |
10/01/2031 | 5.125% | 590,000 | 588,155 | |
Constellium NV(d) | ||||
02/15/2026 | 5.875% | 624,000 | 635,403 | |
Constellium SE(d) | ||||
06/15/2028 | 5.625% | 893,000 | 936,110 | |
04/15/2029 | 3.750% | 491,000 | 474,956 | |
Freeport-McMoRan, Inc. | ||||
03/01/2028 | 4.125% | 5,600,000 | 5,794,387 | |
09/01/2029 | 5.250% | 386,000 | 421,977 | |
03/15/2043 | 5.450% | 1,001,000 | 1,258,849 | |
Hudbay Minerals, Inc.(d) | ||||
04/01/2026 | 4.500% | 344,000 | 343,016 | |
04/01/2029 | 6.125% | 403,000 | 424,272 | |
Kaiser Aluminum Corp.(d) | ||||
06/01/2031 | 4.500% | 719,000 | 707,375 | |
Novelis Corp.(d) | ||||
11/15/2026 | 3.250% | 305,000 | 304,877 | |
01/30/2030 | 4.750% | 836,000 | 868,761 | |
08/15/2031 | 3.875% | 367,000 | 358,939 | |
Total | 13,440,571 | |||
Midstream 3.0% | ||||
Cheniere Energy Partners LP(d) | ||||
03/01/2031 | 4.000% | 283,000 | 294,485 | |
01/31/2032 | 3.250% | 992,000 | 984,006 | |
Cheniere Energy, Inc. | ||||
10/15/2028 | 4.625% | 567,000 | 595,318 | |
CNX Midstream Partners LP(d) | ||||
04/15/2030 | 4.750% | 485,000 | 485,629 | |
DCP Midstream Operating LP | ||||
05/15/2029 | 5.125% | 341,000 | 386,942 | |
04/01/2044 | 5.600% | 230,000 | 276,082 | |
DT Midstream, Inc.(d) | ||||
06/15/2029 | 4.125% | 318,000 | 320,487 | |
06/15/2031 | 4.375% | 637,000 | 646,496 | |
Energy Transfer Operating LP | ||||
03/15/2023 | 4.250% | 260,000 | 269,615 | |
Enterprise Products Operating LLC | ||||
01/31/2060 | 3.950% | 2,710,000 | 2,968,509 | |
EQM Midstream Partners LP(d) | ||||
07/01/2025 | 6.000% | 212,000 | 230,915 | |
07/01/2027 | 6.500% | 307,000 | 341,615 | |
01/15/2029 | 4.500% | 333,000 | 342,539 | |
01/15/2031 | 4.750% | 932,000 | 965,020 | |
Hess Midstream Operations LP(d) | ||||
02/15/2030 | 4.250% | 143,000 | 143,077 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
ITT Holdings LLC(d) | ||||
08/01/2029 | 6.500% | 210,000 | 210,529 | |
Kinder Morgan Energy Partners LP | ||||
03/01/2043 | 5.000% | 5,946,000 | 7,075,096 | |
Kinder Morgan, Inc. | ||||
02/15/2046 | 5.050% | 1,724,000 | 2,095,969 | |
MPLX LP | ||||
04/15/2048 | 4.700% | 4,390,000 | 5,144,218 | |
NuStar Logistics LP | ||||
10/01/2025 | 5.750% | 182,000 | 194,869 | |
06/01/2026 | 6.000% | 132,000 | 140,789 | |
04/28/2027 | 5.625% | 247,000 | 259,923 | |
10/01/2030 | 6.375% | 198,000 | 217,037 | |
Plains All American Pipeline LP/Finance Corp. | ||||
06/15/2044 | 4.700% | 6,975,000 | 7,542,593 | |
Sunoco LP/Finance Corp. | ||||
04/15/2027 | 6.000% | 316,000 | 331,085 | |
Targa Resources Partners LP/Finance Corp. | ||||
04/15/2026 | 5.875% | 348,000 | 364,028 | |
02/01/2027 | 5.375% | 123,000 | 127,311 | |
01/15/2028 | 5.000% | 357,000 | 375,493 | |
03/01/2030 | 5.500% | 869,000 | 955,488 | |
02/01/2031 | 4.875% | 242,000 | 260,951 | |
Targa Resources Partners LP/Finance Corp.(d) | ||||
01/15/2032 | 4.000% | 301,000 | 310,486 | |
TransMontaigne Partners LP/TLP Finance Corp. | ||||
02/15/2026 | 6.125% | 363,000 | 369,830 | |
Venture Global Calcasieu Pass LLC(d) | ||||
08/15/2029 | 3.875% | 681,000 | 693,628 | |
08/15/2031 | 4.125% | 499,000 | 516,882 | |
Western Gas Partners LP | ||||
08/15/2048 | 5.500% | 2,776,000 | 3,282,099 | |
Williams Companies, Inc. (The) | ||||
09/15/2045 | 5.100% | 2,955,000 | 3,708,185 | |
10/15/2051 | 3.500% | 3,512,000 | 3,594,213 | |
Total | 47,021,437 | |||
Natural Gas 1.5% | ||||
NiSource, Inc. | ||||
09/01/2029 | 2.950% | 22,775,000 | 23,740,870 | |
05/15/2047 | 4.375% | 84,000 | 101,665 | |
Total | 23,842,535 | |||
Oil Field Services 0.1% | ||||
Apergy Corp. | ||||
05/01/2026 | 6.375% | 103,000 | 107,709 | |
Nabors Industries Ltd.(d) | ||||
01/15/2026 | 7.250% | 220,000 | 214,561 |
14 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Transocean Guardian Ltd.(d) | ||||
01/15/2024 | 5.875% | 84,420 | 83,055 | |
Transocean Sentry Ltd.(d) | ||||
05/15/2023 | 5.375% | 438,350 | 430,621 | |
Total | 835,946 | |||
Other Industry 0.0% | ||||
Dycom Industries, Inc.(d) | ||||
04/15/2029 | 4.500% | 286,000 | 291,139 | |
Hillenbrand, Inc. | ||||
03/01/2031 | 3.750% | 215,000 | 212,238 | |
Total | 503,377 | |||
Other REIT 0.3% | ||||
Blackstone Mortgage Trust, Inc.(d) | ||||
01/15/2027 | 3.750% | 621,000 | 617,435 | |
Ladder Capital Finance Holdings LLLP/Corp.(d) | ||||
10/01/2025 | 5.250% | 558,000 | 565,170 | |
02/01/2027 | 4.250% | 390,000 | 391,779 | |
06/15/2029 | 4.750% | 776,000 | 782,478 | |
Park Intermediate Holdings LLC/Domestic Property/Finance Co-Issuer(d) | ||||
10/01/2028 | 5.875% | 384,000 | 403,170 | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer(d) | ||||
05/15/2029 | 4.875% | 317,000 | 321,813 | |
RHP Hotel Properties LP/Finance Corp.(d) | ||||
02/15/2029 | 4.500% | 216,000 | 214,711 | |
RLJ Lodging Trust LP(d) | ||||
07/01/2026 | 3.750% | 222,000 | 224,246 | |
09/15/2029 | 4.000% | 275,000 | 274,315 | |
Service Properties Trust | ||||
03/15/2024 | 4.650% | 209,000 | 210,984 | |
10/01/2024 | 4.350% | 98,000 | 98,758 | |
12/15/2027 | 5.500% | 129,000 | 135,174 | |
Total | 4,240,033 | |||
Packaging 0.3% | ||||
Ardagh Metal Packaging Finance USA LLC/PLC(d) | ||||
09/01/2029 | 4.000% | 769,000 | 765,647 | |
Ardagh Packaging Finance PLC/Holdings USA, Inc.(d) | ||||
08/15/2026 | 4.125% | 594,000 | 606,029 | |
08/15/2027 | 5.250% | 420,000 | 419,005 | |
08/15/2027 | 5.250% | 366,000 | 366,050 | |
Canpack SA/US LLC(d) | ||||
11/15/2029 | 3.875% | 898,000 | 892,105 | |
Flex Acquisition Co., Inc.(d) | ||||
07/15/2026 | 7.875% | 299,000 | 312,633 | |
LABL, Inc.(d) | ||||
11/01/2028 | 5.875% | 70,000 | 70,563 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Trivium Packaging Finance BV(d) | ||||
08/15/2026 | 5.500% | 178,000 | 185,190 | |
08/15/2027 | 8.500% | 399,000 | 421,065 | |
Total | 4,038,287 | |||
Pharmaceuticals 3.0% | ||||
AbbVie, Inc. | ||||
11/06/2042 | 4.400% | 6,305,000 | 7,562,027 | |
11/21/2049 | 4.250% | 7,978,000 | 9,611,414 | |
Amgen, Inc. | ||||
02/21/2040 | 3.150% | 3,515,000 | 3,596,437 | |
08/15/2041 | 2.800% | 3,660,000 | 3,555,906 | |
AstraZeneca Finance LLC | ||||
05/28/2026 | 1.200% | 9,485,000 | 9,404,191 | |
Bausch Health Companies, Inc.(d) | ||||
04/15/2025 | 6.125% | 358,000 | 364,886 | |
04/01/2026 | 9.250% | 269,000 | 286,217 | |
01/31/2027 | 8.500% | 253,000 | 269,224 | |
01/15/2028 | 7.000% | 514,000 | 521,002 | |
06/01/2028 | 4.875% | 152,000 | 156,519 | |
02/15/2031 | 5.250% | 649,000 | 584,327 | |
Endo Dac/Finance LLC/Finco, Inc.(d) | ||||
07/31/2027 | 9.500% | 176,000 | 174,758 | |
06/30/2028 | 6.000% | 260,000 | 180,987 | |
Endo Luxembourg Finance Co I Sarl/US, Inc.(d) | ||||
04/01/2029 | 6.125% | 356,000 | 350,636 | |
Gilead Sciences, Inc. | ||||
10/01/2040 | 2.600% | 6,890,000 | 6,582,470 | |
Grifols Escrow Issuer SA(d) | ||||
10/15/2028 | 4.750% | 295,000 | 299,791 | |
Mylan NV | ||||
06/15/2046 | 5.250% | 585,000 | 726,969 | |
Organon Finance 1 LLC(d) | ||||
04/30/2028 | 4.125% | 918,000 | 930,431 | |
04/30/2031 | 5.125% | 683,000 | 704,449 | |
Par Pharmaceutical, Inc.(d) | ||||
04/01/2027 | 7.500% | 267,000 | 269,362 | |
Total | 46,132,003 | |||
Property & Casualty 0.4% | ||||
Alliant Holdings Intermediate LLC/Co-Issuer(d) | ||||
10/15/2027 | 6.750% | 780,000 | 806,940 | |
Alliant Holdings Intermediate LLC/Co-Issuer(d),(f) | ||||
11/01/2029 | 5.875% | 332,000 | 334,381 | |
American International Group, Inc. | ||||
07/10/2025 | 3.750% | 3,970,000 | 4,280,440 | |
AssuredPartners, Inc.(d) | ||||
01/15/2029 | 5.625% | 608,000 | 605,282 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 15 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
BroadStreet Partners, Inc.(d) | ||||
04/15/2029 | 5.875% | 716,000 | 703,659 | |
Total | 6,730,702 | |||
Railroads 1.2% | ||||
Canadian Pacific Railway Co. | ||||
03/05/2030 | 2.050% | 5,000,000 | 4,915,160 | |
CSX Corp. | ||||
11/01/2046 | 3.800% | 6,715,000 | 7,728,261 | |
Union Pacific Corp. | ||||
08/15/2059 | 3.950% | 2,256,000 | 2,723,465 | |
03/20/2060 | 3.839% | 2,660,000 | 3,150,644 | |
04/06/2071 | 3.799% | 700,000 | 821,046 | |
Total | 19,338,576 | |||
Restaurants 0.2% | ||||
1011778 BC ULC/New Red Finance, Inc.(d) | ||||
01/15/2028 | 3.875% | 578,000 | 576,585 | |
10/15/2030 | 4.000% | 294,000 | 285,209 | |
IRB Holding Corp.(d) | ||||
06/15/2025 | 7.000% | 874,000 | 925,876 | |
02/15/2026 | 6.750% | 624,000 | 638,589 | |
Papa John’s International, Inc.(d) | ||||
09/15/2029 | 3.875% | 145,000 | 141,759 | |
Total | 2,568,018 | |||
Retailers 1.3% | ||||
Amazon.com, Inc. | ||||
05/12/2061 | 3.250% | 8,525,000 | 9,282,004 | |
Group 1 Automotive, Inc.(d) | ||||
08/15/2028 | 4.000% | 100,000 | 100,011 | |
L Brands, Inc.(d) | ||||
07/01/2025 | 9.375% | 37,000 | 46,052 | |
10/01/2030 | 6.625% | 498,000 | 557,271 | |
L Brands, Inc. | ||||
06/15/2029 | 7.500% | 113,000 | 127,674 | |
11/01/2035 | 6.875% | 227,000 | 275,728 | |
LCM Investments Holdings II LLC(d) | ||||
05/01/2029 | 4.875% | 273,000 | 280,297 | |
Lowe’s Companies, Inc. | ||||
09/15/2041 | 2.800% | 4,070,000 | 3,995,753 | |
05/03/2047 | 4.050% | 4,470,000 | 5,216,284 | |
Macy’s Retail Holdings LLC(d) | ||||
04/01/2029 | 5.875% | 146,000 | 155,642 | |
PetSmart, Inc./Finance Corp.(d) | ||||
02/15/2028 | 4.750% | 423,000 | 434,750 | |
02/15/2029 | 7.750% | 118,000 | 127,710 | |
Total | 20,599,176 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Supermarkets 0.1% | ||||
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC(d) | ||||
03/15/2026 | 7.500% | 147,000 | 158,383 | |
02/15/2028 | 5.875% | 378,000 | 402,101 | |
03/15/2029 | 3.500% | 486,000 | 478,968 | |
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(d) | ||||
03/15/2026 | 3.250% | 223,000 | 226,776 | |
01/15/2027 | 4.625% | 339,000 | 354,688 | |
02/15/2030 | 4.875% | 124,000 | 132,894 | |
Total | 1,753,810 | |||
Technology 4.9% | ||||
Apple, Inc. | ||||
02/09/2045 | 3.450% | 4,555,000 | 5,116,241 | |
08/05/2061 | 2.850% | 5,873,000 | 5,875,413 | |
Ascend Learning LLC(d) | ||||
08/01/2025 | 6.875% | 280,000 | 284,993 | |
Black Knight InfoServ LLC(d) | ||||
09/01/2028 | 3.625% | 185,000 | 184,295 | |
Boxer Parent Co., Inc.(d) | ||||
10/02/2025 | 7.125% | 82,000 | 86,996 | |
Broadcom, Inc.(d) | ||||
11/15/2036 | 3.187% | 2,881,000 | 2,827,666 | |
Clarivate Science Holdings Corp.(d) | ||||
07/01/2028 | 3.875% | 258,000 | 255,070 | |
07/01/2029 | 4.875% | 640,000 | 637,117 | |
Everi Holdings, Inc.(d) | ||||
07/15/2029 | 5.000% | 55,000 | 56,326 | |
Fidelity National Information Services, Inc. | ||||
03/01/2024 | 0.600% | 1,932,000 | 1,916,292 | |
Gartner, Inc.(d) | ||||
07/01/2028 | 4.500% | 2,178,000 | 2,269,978 | |
06/15/2029 | 3.625% | 195,000 | 195,924 | |
HealthEquity, Inc.(d) | ||||
10/01/2029 | 4.500% | 435,000 | 440,347 | |
Helios Software Holdings, Inc.(d) | ||||
05/01/2028 | 4.625% | 476,000 | 470,094 | |
International Business Machines Corp. | ||||
05/15/2050 | 2.950% | 5,255,000 | 5,225,124 | |
ION Trading Technologies Sarl(d) | ||||
05/15/2028 | 5.750% | 421,000 | 433,493 | |
Iron Mountain, Inc.(d) | ||||
07/15/2030 | 5.250% | 827,000 | 864,455 | |
Logan Merger Sub, Inc.(d) | ||||
09/01/2027 | 5.500% | 1,248,000 | 1,249,969 | |
Microchip Technology, Inc.(d) | ||||
02/15/2024 | 0.972% | 8,629,000 | 8,579,598 |
16 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
MSCI, Inc.(d) | ||||
11/01/2031 | 3.625% | 7,585,000 | 7,806,670 | |
NCR Corp.(d) | ||||
09/01/2027 | 5.750% | 274,000 | 287,933 | |
10/01/2028 | 5.000% | 290,000 | 295,323 | |
04/15/2029 | 5.125% | 603,000 | 616,806 | |
09/01/2029 | 6.125% | 215,000 | 231,102 | |
10/01/2030 | 5.250% | 194,000 | 200,205 | |
Nielsen Finance LLC/Co.(d) | ||||
10/01/2028 | 5.625% | 224,000 | 233,084 | |
07/15/2029 | 4.500% | 254,000 | 248,320 | |
10/01/2030 | 5.875% | 37,000 | 38,823 | |
07/15/2031 | 4.750% | 317,000 | 309,227 | |
NXP BV/Funding LLC/USA, Inc.(d) | ||||
05/01/2030 | 3.400% | 1,375,000 | 1,474,705 | |
Oracle Corp. | ||||
03/25/2041 | 3.650% | 6,388,000 | 6,698,068 | |
04/01/2050 | 3.600% | 9,000,000 | 9,194,286 | |
Plantronics, Inc.(d) | ||||
03/01/2029 | 4.750% | 963,000 | 886,264 | |
QUALCOMM, Inc. | ||||
05/20/2032 | 1.650% | 2,355,000 | 2,227,240 | |
Shift4 Payments LLC/Finance Sub, Inc.(d) | ||||
11/01/2026 | 4.625% | 912,000 | 947,990 | |
Square, Inc.(d) | ||||
06/01/2026 | 2.750% | 103,000 | 104,214 | |
06/01/2031 | 3.500% | 217,000 | 222,514 | |
Switch Ltd.(d) | ||||
06/15/2029 | 4.125% | 255,000 | 256,821 | |
Tempo Acquisition LLC/Finance Corp.(d) | ||||
06/01/2025 | 5.750% | 175,000 | 183,205 | |
VeriSign, Inc. | ||||
06/15/2031 | 2.700% | 4,864,000 | 4,910,271 | |
Verscend Escrow Corp.(d) | ||||
08/15/2026 | 9.750% | 505,000 | 535,067 | |
ZoomInfo Technologies LLC/Finance Corp.(d) | ||||
02/01/2029 | 3.875% | 1,098,000 | 1,090,850 | |
Total | 75,968,379 | |||
Tobacco 0.1% | ||||
BAT Capital Corp. | ||||
08/15/2047 | 4.540% | 1,430,000 | 1,503,091 | |
Transportation Services 0.2% | ||||
FedEx Corp. | ||||
05/15/2041 | 3.250% | 3,150,000 | 3,211,084 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Wireless 2.6% | ||||
Altice France Holding SA(d) | ||||
05/15/2027 | 10.500% | 329,000 | 356,487 | |
02/15/2028 | 6.000% | 343,000 | 325,740 | |
Altice France SA(d) | ||||
02/01/2027 | 8.125% | 372,000 | 399,772 | |
01/15/2028 | 5.500% | 1,647,000 | 1,650,915 | |
07/15/2029 | 5.125% | 309,000 | 300,900 | |
10/15/2029 | 5.500% | 120,000 | 117,647 | |
American Tower Corp. | ||||
07/15/2027 | 3.550% | 4,395,000 | 4,739,853 | |
08/15/2029 | 3.800% | 5,130,000 | 5,640,084 | |
Crown Castle International Corp. | ||||
04/01/2031 | 2.100% | 6,110,000 | 5,858,174 | |
Rogers Communications, Inc. | ||||
11/15/2049 | 3.700% | 4,750,000 | 4,927,845 | |
SBA Communications Corp. | ||||
09/01/2024 | 4.875% | 470,000 | 475,870 | |
02/15/2027 | 3.875% | 277,000 | 285,540 | |
SBA Communications Corp.(d) | ||||
02/01/2029 | 3.125% | 488,000 | 468,582 | |
Sprint Capital Corp. | ||||
03/15/2032 | 8.750% | 125,000 | 186,583 | |
Sprint Corp. | ||||
06/15/2024 | 7.125% | 316,000 | 357,016 | |
03/01/2026 | 7.625% | 552,000 | 662,476 | |
T-Mobile USA, Inc. | ||||
02/15/2026 | 2.250% | 147,000 | 147,833 | |
02/15/2029 | 2.625% | 602,000 | 596,516 | |
04/15/2030 | 3.875% | 9,700,000 | 10,611,442 | |
02/15/2031 | 2.875% | 334,000 | 332,588 | |
04/15/2031 | 3.500% | 671,000 | 695,611 | |
T-Mobile USA, Inc.(d) | ||||
04/15/2031 | 3.500% | 303,000 | 313,633 | |
Vmed O2 UK Financing I PLC(d) | ||||
01/31/2031 | 4.250% | 1,059,000 | 1,031,422 | |
07/15/2031 | 4.750% | 849,000 | 853,519 | |
Total | 41,336,048 | |||
Wirelines 4.1% | ||||
AT&T, Inc. | ||||
09/15/2055 | 3.550% | 8,022,000 | 8,126,429 | |
12/01/2057 | 3.800% | 14,920,000 | 15,677,252 | |
Cablevision Lightpath LLC(d) | ||||
09/15/2027 | 3.875% | 373,000 | 363,004 | |
CenturyLink, Inc. | ||||
03/15/2022 | 5.800% | 370,000 | 375,015 | |
12/01/2023 | 6.750% | 355,000 | 389,820 | |
04/01/2025 | 5.625% | 155,000 | 166,692 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 17 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CenturyLink, Inc.(d) | ||||
02/15/2027 | 4.000% | 205,000 | 205,826 | |
Front Range BidCo, Inc.(d) | ||||
03/01/2027 | 4.000% | 984,000 | 955,492 | |
03/01/2028 | 6.125% | 413,000 | 403,533 | |
Iliad Holding SAS(d) | ||||
10/15/2026 | 6.500% | 470,000 | 484,274 | |
10/15/2028 | 7.000% | 576,000 | 593,333 | |
Lumen Technologies, Inc.(d) | ||||
06/15/2029 | 5.375% | 256,000 | 257,390 | |
Northwest Fiber LLC/Finance Sub, Inc.(d) | ||||
02/15/2028 | 6.000% | 222,000 | 213,013 | |
Telefonica Emisiones SAU | ||||
03/06/2048 | 4.895% | 5,905,000 | 7,211,115 | |
Verizon Communications, Inc.(d) | ||||
03/15/2032 | 2.355% | 16,077,000 | 15,832,551 | |
Verizon Communications, Inc. | ||||
03/22/2061 | 3.700% | 12,495,000 | 13,592,853 | |
Total | 64,847,592 | |||
Total Corporate Bonds & Notes (Cost $1,422,592,124) | 1,452,365,040 | |||
Foreign Government Obligations(j) 0.0% | ||||
Canada 0.0% | ||||
NOVA Chemicals Corp.(d) | ||||
06/01/2027 | 5.250% | 251,000 | 263,578 | |
05/15/2029 | 4.250% | 198,000 | 195,738 | |
Total | 459,316 | |||
Total Foreign Government Obligations (Cost $452,949) | 459,316 | |||
Senior Loans 0.2% | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
Chemicals 0.0% | ||||
WR Grace & Co.(i),(k) | ||||
Term Loan | ||||
1-month USD LIBOR + 3.750% Floor 0.500% 09/22/2028 | 4.250% | 388,000 | 388,873 | |
Consumer Cyclical Services 0.0% | ||||
8th Avenue Food & Provisions, Inc.(i),(k) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 3.750% 10/01/2025 | 3.838% | 242,398 | 241,035 |
Senior Loans (continued) | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.750% 10/01/2026 | 7.838% | 78,084 | 77,239 | |
Total | 318,274 | |||
Consumer Products 0.1% | ||||
SWF Holdings I Corp.(i),(k) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 4.000% Floor 0.750% 10/06/2028 | 4.750% | 740,000 | 733,525 | |
Food and Beverage 0.0% | ||||
BellRing Brands LLC(i),(k) | ||||
Term Loan | ||||
1-month USD LIBOR + 4.000% Floor 0.750% 10/21/2024 | 4.750% | 163,815 | 164,348 | |
Health Care 0.0% | ||||
Radiology Partners, Inc.(i),(k) | ||||
Tranche B 1st Lien Term Loan | ||||
1-month USD LIBOR + 4.250% 07/09/2025 | 4.335% | 85,000 | 84,858 | |
Media and Entertainment 0.1% | ||||
Cengage Learning, Inc.(i),(k),(l) | ||||
Tranche B 1st Lien Term Loan | ||||
1-month USD LIBOR + 4.750% Floor 1.000% 07/14/2026 | 5.750% | 466,317 | 468,406 | |
Technology 0.0% | ||||
DCert Buyer, Inc.(i),(k) | ||||
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.000% 02/19/2029 | 7.087% | 357,000 | 359,613 | |
Epicore Software Corp.(i),(k) | ||||
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.750% Floor 1.000% 07/31/2028 | 8.750% | 101,000 | 103,550 | |
Total | 463,163 | |||
Total Senior Loans (Cost $2,612,984) | 2,621,447 | |||
18 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
U.S. Treasury Obligations 2.2% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
04/30/2022 | 0.125% | 5,640,000 | 5,641,322 | |
06/30/2025 | 0.250% | 3,450,000 | 3,361,324 | |
11/30/2025 | 0.375% | 3,600,000 | 3,500,719 | |
12/31/2025 | 0.375% | 11,000,000 | 10,683,750 | |
06/30/2027 | 0.500% | 8,300,000 | 7,936,875 | |
12/31/2027 | 0.625% | 4,000,000 | 3,821,875 | |
Total U.S. Treasury Obligations (Cost $35,988,126) | 34,945,865 |
Money Market Funds 3.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.072%(m),(n) | 54,506,441 | 54,500,991 |
Total Money Market Funds (Cost $54,500,815) | 54,500,991 | |
Total Investments in Securities (Cost: $1,517,449,083) | 1,545,213,265 | |
Other Assets & Liabilities, Net | 20,488,551 | |
Net Assets | 1,565,701,816 |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Long Bond | 635 | 12/2021 | USD | 102,135,781 | — | (1,555,963) |
U.S. Treasury 2-Year Note | 151 | 12/2021 | USD | 33,106,750 | 13,000 | — |
U.S. Treasury 2-Year Note | 72 | 12/2021 | USD | 15,786,000 | — | (67,067) |
U.S. Treasury 5-Year Note | 1,012 | 12/2021 | USD | 123,211,000 | — | (1,422,582) |
Total | 13,000 | (3,045,612) |
Short futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 10-Year Note | (179) | 12/2021 | USD | (23,395,859) | 465,340 | — |
U.S. Ultra Bond 10-Year Note | (1,233) | 12/2021 | USD | (178,823,531) | 3,446,864 | — |
U.S. Ultra Treasury Bond | (93) | 12/2021 | USD | (18,265,781) | 90,034 | — |
Total | 4,002,238 | — |
(a) | Non-income producing investment. |
(b) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2021, the total value of these securities amounted to $9,525, which represents less than 0.01% of total net assets. |
(c) | Valuation based on significant unobservable inputs. |
(d) | 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 October 31, 2021, the total value of these securities amounted to $393,849,743, which represents 25.15% of total net assets. |
(e) | Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of October 31, 2021. |
(f) | Represents a security purchased on a when-issued basis. |
(g) | Represents securities that have defaulted on payment of interest. The Fund has stopped accruing interest on these securities. At October 31, 2021, the total value of these securities amounted to $9,525, which represents less than 0.01% of total net assets. |
(h) | Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash. |
(i) | Variable rate security. The interest rate shown was the current rate as of October 31, 2021. |
(j) | Principal and interest may not be guaranteed by a governmental entity. |
Columbia Corporate Income Fund | Semiannual Report 2021 | 19 |
October 31, 2021 (Unaudited)
(k) | The stated interest rate represents the weighted average interest rate at October 31, 2021 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. These base lending rates are primarily the LIBOR and other short-term rates. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. |
(l) | Represents a security purchased on a forward commitment basis. |
(m) | The rate shown is the seven-day current annualized yield at October 31, 2021. |
(n) | 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 October 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.072% | ||||||||
10,464,850 | 289,183,473 | (245,147,332) | — | 54,500,991 | — | 22,267 | 54,506,441 |
LIBOR | London Interbank Offered Rate |
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
20 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. The Committee reports to the Board, with members of the Committee meeting with the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Financials | 78,123 | — | — | 78,123 |
Total Common Stocks | 78,123 | — | — | 78,123 |
Convertible Bonds | — | 242,483 | — | 242,483 |
Corporate Bonds & Notes | — | 1,452,355,515 | 9,525 | 1,452,365,040 |
Foreign Government Obligations | — | 459,316 | — | 459,316 |
Senior Loans | — | 2,621,447 | — | 2,621,447 |
U.S. Treasury Obligations | 34,945,865 | — | — | 34,945,865 |
Money Market Funds | 54,500,991 | — | — | 54,500,991 |
Total Investments in Securities | 89,524,979 | 1,455,678,761 | 9,525 | 1,545,213,265 |
Investments in Derivatives | ||||
Asset | ||||
Futures Contracts | 4,015,238 | — | — | 4,015,238 |
Liability | ||||
Futures Contracts | (3,045,612) | — | — | (3,045,612) |
Total | 90,494,605 | 1,455,678,761 | 9,525 | 1,546,182,891 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 21 |
October 31, 2021 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $1,462,948,268) | $1,490,712,274 |
Affiliated issuers (cost $54,500,815) | 54,500,991 |
Cash | 3,376 |
Margin deposits on: | |
Futures contracts | 1,801,000 |
Receivable for: | |
Investments sold | 25,667,327 |
Capital shares sold | 3,054,304 |
Dividends | 2,286 |
Interest | 11,395,425 |
Foreign tax reclaims | 61,276 |
Variation margin for futures contracts | 279,433 |
Expense reimbursement due from Investment Manager | 1,599 |
Prepaid expenses | 16,112 |
Trustees’ deferred compensation plan | 212,391 |
Other assets | 24,212 |
Total assets | 1,587,732,006 |
Liabilities | |
Payable for: | |
Investments purchased | 2,705,451 |
Investments purchased on a delayed delivery basis | 15,042,547 |
Capital shares purchased | 626,883 |
Distributions to shareholders | 2,984,296 |
Variation margin for futures contracts | 268,889 |
Management services fees | 21,051 |
Distribution and/or service fees | 691 |
Transfer agent fees | 114,130 |
Compensation of board members | 11,784 |
Compensation of chief compliance officer | 29 |
Other expenses | 42,048 |
Trustees’ deferred compensation plan | 212,391 |
Total liabilities | 22,030,190 |
Net assets applicable to outstanding capital stock | $1,565,701,816 |
Represented by | |
Paid in capital | 1,506,809,433 |
Total distributable earnings (loss) | 58,892,383 |
Total - representing net assets applicable to outstanding capital stock | $1,565,701,816 |
22 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Class A | |
Net assets | $88,931,483 |
Shares outstanding | 8,143,484 |
Net asset value per share | $10.92 |
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) | $11.46 |
Advisor Class | |
Net assets | $11,846,108 |
Shares outstanding | 1,086,465 |
Net asset value per share | $10.90 |
Class C | |
Net assets | $3,754,329 |
Shares outstanding | 343,875 |
Net asset value per share | $10.92 |
Institutional Class | |
Net assets | $435,350,831 |
Shares outstanding | 39,870,435 |
Net asset value per share | $10.92 |
Institutional 2 Class | |
Net assets | $49,031,171 |
Shares outstanding | 4,496,684 |
Net asset value per share | $10.90 |
Institutional 3 Class | |
Net assets | $976,787,894 |
Shares outstanding | 89,494,811 |
Net asset value per share | $10.91 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 23 |
Six Months Ended October 31, 2021 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $22,267 |
Interest | 21,216,807 |
Total income | 21,239,074 |
Expenses: | |
Management services fees | 3,858,723 |
Distribution and/or service fees | |
Class A | 111,646 |
Class C | 19,232 |
Transfer agent fees | |
Class A | 68,629 |
Advisor Class | 8,543 |
Class C | 3,147 |
Institutional Class | 333,659 |
Institutional 2 Class | 14,509 |
Institutional 3 Class | 26,241 |
Compensation of board members | 16,742 |
Custodian fees | 7,603 |
Printing and postage fees | 15,037 |
Registration fees | 55,245 |
Audit fees | 14,750 |
Legal fees | 14,124 |
Compensation of chief compliance officer | 200 |
Other | 13,944 |
Total expenses | 4,581,974 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (358,651) |
Fees waived by distributor | |
Class C | (2,837) |
Fees waived by transfer agent | |
Institutional 2 Class | (203) |
Institutional 3 Class | (8,380) |
Expense reduction | (794) |
Total net expenses | 4,211,109 |
Net investment income | 17,027,965 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 16,301,750 |
Futures contracts | 339,533 |
Net realized gain | 16,641,283 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | 5,575,912 |
Futures contracts | (863,430) |
Net change in unrealized appreciation (depreciation) | 4,712,482 |
Net realized and unrealized gain | 21,353,765 |
Net increase in net assets resulting from operations | $38,381,730 |
24 | Columbia Corporate Income Fund | Semiannual Report 2021 |
Six Months Ended October 31, 2021 (Unaudited) | Year Ended April 30, 2021 | |
Operations | ||
Net investment income | $17,027,965 | $30,385,975 |
Net realized gain | 16,641,283 | 52,823,472 |
Net change in unrealized appreciation (depreciation) | 4,712,482 | (23,119,699) |
Net increase in net assets resulting from operations | 38,381,730 | 60,089,748 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (845,230) | (5,331,630) |
Advisor Class | (119,488) | (1,101,540) |
Class C | (27,301) | (368,028) |
Institutional Class | (4,658,282) | (31,133,094) |
Institutional 2 Class | (579,959) | (545,291) |
Institutional 3 Class | (11,266,504) | (42,137,931) |
Total distributions to shareholders | (17,496,764) | (80,617,514) |
Increase in net assets from capital stock activity | 85,100,790 | 460,373,330 |
Total increase in net assets | 105,985,756 | 439,845,564 |
Net assets at beginning of period | 1,459,716,060 | 1,019,870,496 |
Net assets at end of period | $1,565,701,816 | $1,459,716,060 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 25 |
Six Months Ended | Year Ended | |||
October 31, 2021 (Unaudited) | April 30, 2021 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 370,122 | 4,052,307 | 2,697,195 | 30,058,077 |
Distributions reinvested | 71,322 | 781,772 | 442,851 | 4,930,570 |
Redemptions | (514,871) | (5,640,464) | (1,261,240) | (14,061,169) |
Net increase (decrease) | (73,427) | (806,385) | 1,878,806 | 20,927,478 |
Advisor Class | ||||
Subscriptions | 139,791 | 1,542,029 | 410,874 | 4,590,830 |
Distributions reinvested | 8,759 | 95,884 | 85,525 | 953,153 |
Redemptions | (49,690) | (543,941) | (1,175,449) | (13,101,669) |
Net increase (decrease) | 98,860 | 1,093,972 | (679,050) | (7,557,686) |
Class C | ||||
Subscriptions | 22,909 | 250,318 | 233,445 | 2,613,615 |
Distributions reinvested | 2,408 | 26,391 | 31,893 | 355,172 |
Redemptions | (94,522) | (1,032,447) | (371,965) | (4,115,281) |
Net decrease | (69,205) | (755,738) | (106,627) | (1,146,494) |
Institutional Class | ||||
Subscriptions | 3,200,847 | 35,177,556 | 21,574,553 | 239,072,587 |
Distributions reinvested | 319,519 | 3,502,134 | 2,133,747 | 23,768,542 |
Redemptions | (3,685,180) | (40,393,974) | (17,252,995) | (191,452,395) |
Net increase (decrease) | (164,814) | (1,714,284) | 6,455,305 | 71,388,734 |
Institutional 2 Class | ||||
Subscriptions | 1,040,134 | 11,437,116 | 4,076,722 | 43,998,512 |
Distributions reinvested | 52,860 | 579,008 | 49,219 | 545,225 |
Redemptions | (1,173,810) | (12,900,349) | (125,903) | (1,385,958) |
Net increase (decrease) | (80,816) | (884,225) | 4,000,038 | 43,157,779 |
Institutional 3 Class | ||||
Subscriptions | 12,309,742 | 133,474,942 | 36,922,199 | 409,476,388 |
Distributions reinvested | 917,815 | 10,059,919 | 3,039,549 | 33,789,874 |
Redemptions | (5,032,125) | (55,367,411) | (9,856,703) | (109,662,743) |
Net increase | 8,195,432 | 88,167,450 | 30,105,045 | 333,603,519 |
Total net increase | 7,906,030 | 85,100,790 | 41,653,517 | 460,373,330 |
26 | Columbia Corporate Income 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 10/31/2021 (Unaudited) | $10.77 | 0.10 | 0.15 | 0.25 | (0.10) | — | (0.10) |
Year Ended 4/30/2021 | $10.87 | 0.23 | 0.38 | 0.61 | (0.24) | (0.47) | (0.71) |
Year Ended 4/30/2020 | $10.15 | 0.29 | 0.72 | 1.01 | (0.29) | — | (0.29) |
Year Ended 4/30/2019 | $9.88 | 0.30 | 0.27 | 0.57 | (0.30) | — | (0.30) |
Year Ended 4/30/2018 | $10.11 | 0.26 | (0.23) | 0.03 | (0.26) | — | (0.26) |
Year Ended 4/30/2017 | $10.00 | 0.26 | 0.11 | 0.37 | (0.26) | — | (0.26) |
Advisor Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $10.76 | 0.11 | 0.15 | 0.26 | (0.12) | — | (0.12) |
Year Ended 4/30/2021 | $10.85 | 0.27 | 0.37 | 0.64 | (0.26) | (0.47) | (0.73) |
Year Ended 4/30/2020 | $10.14 | 0.32 | 0.71 | 1.03 | (0.32) | — | (0.32) |
Year Ended 4/30/2019 | $9.87 | 0.33 | 0.27 | 0.60 | (0.33) | — | (0.33) |
Year Ended 4/30/2018 | $10.10 | 0.28 | (0.23) | 0.05 | (0.28) | — | (0.28) |
Year Ended 4/30/2017 | $9.99 | 0.28 | 0.11 | 0.39 | (0.28) | — | (0.28) |
Class C | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $10.77 | 0.07 | 0.15 | 0.22 | (0.07) | — | (0.07) |
Year Ended 4/30/2021 | $10.86 | 0.17 | 0.38 | 0.55 | (0.17) | (0.47) | (0.64) |
Year Ended 4/30/2020 | $10.15 | 0.23 | 0.71 | 0.94 | (0.23) | — | (0.23) |
Year Ended 4/30/2019 | $9.88 | 0.24 | 0.27 | 0.51 | (0.24) | — | (0.24) |
Year Ended 4/30/2018 | $10.11 | 0.20 | (0.23) | (0.03) | (0.20) | — | (0.20) |
Year Ended 4/30/2017 | $10.00 | 0.20 | 0.11 | 0.31 | (0.20) | — | (0.20) |
Institutional Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $10.77 | 0.11 | 0.16 | 0.27 | (0.12) | — | (0.12) |
Year Ended 4/30/2021 | $10.87 | 0.26 | 0.37 | 0.63 | (0.26) | (0.47) | (0.73) |
Year Ended 4/30/2020 | $10.15 | 0.32 | 0.72 | 1.04 | (0.32) | — | (0.32) |
Year Ended 4/30/2019 | $9.88 | 0.33 | 0.27 | 0.60 | (0.33) | — | (0.33) |
Year Ended 4/30/2018 | $10.11 | 0.28 | (0.23) | 0.05 | (0.28) | — | (0.28) |
Year Ended 4/30/2017 | $10.00 | 0.28 | 0.11 | 0.39 | (0.28) | — | (0.28) |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $10.76 | 0.12 | 0.14 | 0.26 | (0.12) | — | (0.12) |
Year Ended 4/30/2021 | $10.85 | 0.27 | 0.38 | 0.65 | (0.27) | (0.47) | (0.74) |
Year Ended 4/30/2020 | $10.14 | 0.33 | 0.71 | 1.04 | (0.33) | — | (0.33) |
Year Ended 4/30/2019 | $9.87 | 0.35 | 0.26 | 0.61 | (0.34) | — | (0.34) |
Year Ended 4/30/2018 | $10.09 | 0.29 | (0.22) | 0.07 | (0.29) | — | (0.29) |
Year Ended 4/30/2017 | $9.98 | 0.29 | 0.11 | 0.40 | (0.29) | — | (0.29) |
28 | Columbia Corporate Income 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 10/31/2021 (Unaudited) | $10.92 | 2.35% | 0.91%(c) | 0.87%(c),(d) | 1.84%(c) | 35% | $88,931 |
Year Ended 4/30/2021 | $10.77 | 5.47% | 0.93% | 0.88%(d) | 2.10% | 74% | $88,537 |
Year Ended 4/30/2020 | $10.87 | 10.10% | 0.95% | 0.91%(d) | 2.77% | 91% | $68,880 |
Year Ended 4/30/2019 | $10.15 | 5.93% | 0.93% | 0.91%(d) | 3.07% | 65% | $60,085 |
Year Ended 4/30/2018 | $9.88 | 0.22% | 0.95% | 0.92%(d) | 2.52% | 78% | $63,283 |
Year Ended 4/30/2017 | $10.11 | 3.72% | 0.98%(e) | 0.91%(d),(e) | 2.56% | 76% | $81,802 |
Advisor Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $10.90 | 2.39% | 0.66%(c) | 0.62%(c),(d) | 2.09%(c) | 35% | $11,846 |
Year Ended 4/30/2021 | $10.76 | 5.83% | 0.68% | 0.63%(d) | 2.38% | 74% | $10,624 |
Year Ended 4/30/2020 | $10.85 | 10.28% | 0.70% | 0.66%(d) | 3.02% | 91% | $18,086 |
Year Ended 4/30/2019 | $10.14 | 6.20% | 0.68% | 0.66%(d) | 3.32% | 65% | $8,289 |
Year Ended 4/30/2018 | $9.87 | 0.46% | 0.70% | 0.67%(d) | 2.75% | 78% | $9,009 |
Year Ended 4/30/2017 | $10.10 | 3.98% | 0.73%(e) | 0.66%(d),(e) | 2.81% | 76% | $12,534 |
Class C | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $10.92 | 2.07% | 1.60%(c) | 1.42%(c),(d) | 1.28%(c) | 35% | $3,754 |
Year Ended 4/30/2021 | $10.77 | 4.96% | 1.68% | 1.45%(d) | 1.53% | 74% | $4,450 |
Year Ended 4/30/2020 | $10.86 | 9.35% | 1.70% | 1.51%(d) | 2.17% | 91% | $5,646 |
Year Ended 4/30/2019 | $10.15 | 5.29% | 1.68% | 1.51%(d) | 2.45% | 65% | $5,045 |
Year Ended 4/30/2018 | $9.88 | (0.38%) | 1.70% | 1.52%(d) | 1.92% | 78% | $7,856 |
Year Ended 4/30/2017 | $10.11 | 3.10% | 1.73%(e) | 1.51%(d),(e) | 1.96% | 76% | $10,543 |
Institutional Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $10.92 | 2.48% | 0.66%(c) | 0.62%(c),(d) | 2.09%(c) | 35% | $435,351 |
Year Ended 4/30/2021 | $10.77 | 5.73% | 0.68% | 0.63%(d) | 2.36% | 74% | $431,331 |
Year Ended 4/30/2020 | $10.87 | 10.37% | 0.70% | 0.66%(d) | 3.02% | 91% | $364,875 |
Year Ended 4/30/2019 | $10.15 | 6.19% | 0.68% | 0.66%(d) | 3.31% | 65% | $579,312 |
Year Ended 4/30/2018 | $9.88 | 0.47% | 0.69% | 0.66%(d) | 2.78% | 78% | $760,048 |
Year Ended 4/30/2017 | $10.11 | 3.98% | 0.73%(e) | 0.66%(d),(e) | 2.81% | 76% | $586,861 |
Institutional 2 Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $10.90 | 2.44% | 0.56%(c) | 0.52%(c) | 2.18%(c) | 35% | $49,031 |
Year Ended 4/30/2021 | $10.76 | 5.94% | 0.58% | 0.53% | 2.45% | 74% | $49,251 |
Year Ended 4/30/2020 | $10.85 | 10.39% | 0.58% | 0.56% | 3.13% | 91% | $6,267 |
Year Ended 4/30/2019 | $10.14 | 6.29% | 0.59% | 0.58% | 3.52% | 65% | $8,052 |
Year Ended 4/30/2018 | $9.87 | 0.67% | 0.59% | 0.57% | 2.86% | 78% | $1,782 |
Year Ended 4/30/2017 | $10.09 | 4.09% | 0.57%(e) | 0.55%(e) | 2.92% | 76% | $2,076 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 29 |
Net asset value, beginning of period | Net investment income | Net realized and unrealized gain (loss) | Total from investment operations | Distributions from net investment income | Distributions from net realized gains | Total distributions to shareholders | |
Institutional 3 Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $10.77 | 0.12 | 0.15 | 0.27 | (0.13) | — | (0.13) |
Year Ended 4/30/2021 | $10.86 | 0.28 | 0.38 | 0.66 | (0.28) | (0.47) | (0.75) |
Year Ended 4/30/2020 | $10.15 | 0.33 | 0.72 | 1.05 | (0.34) | — | (0.34) |
Year Ended 4/30/2019 | $9.88 | 0.34 | 0.27 | 0.61 | (0.34) | — | (0.34) |
Year Ended 4/30/2018 | $10.11 | 0.30 | (0.23) | 0.07 | (0.30) | — | (0.30) |
Year Ended 4/30/2017 | $10.00 | 0.29 | 0.12 | 0.41 | (0.30) | — | (0.30) |
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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class |
04/30/2017 | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
30 | Columbia Corporate Income 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 3 Class | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $10.91 | 2.46% | 0.51%(c) | 0.47%(c) | 2.24%(c) | 35% | $976,788 |
Year Ended 4/30/2021 | $10.77 | 5.99% | 0.52% | 0.47% | 2.49% | 74% | $875,524 |
Year Ended 4/30/2020 | $10.86 | 10.44% | 0.53% | 0.50% | 3.17% | 91% | $556,117 |
Year Ended 4/30/2019 | $10.15 | 6.34% | 0.53% | 0.52% | 3.44% | 65% | $442,521 |
Year Ended 4/30/2018 | $9.88 | 0.62% | 0.53% | 0.51% | 2.93% | 78% | $622,383 |
Year Ended 4/30/2017 | $10.11 | 4.14% | 0.54%(e) | 0.51%(e) | 2.91% | 76% | $542,814 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 31 |
October 31, 2021 (Unaudited)
32 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Corporate Income Fund | Semiannual Report 2021 | 33 |
October 31, 2021 (Unaudited)
34 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 4,015,238* |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 3,045,612* |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
Amount of realized gain (loss) on derivatives recognized in income | ||||||
Risk exposure category | Futures contracts ($) | |||||
Interest rate risk | 339,533 | |||||
Total | 339,533 | |||||
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||||
Risk exposure category | Futures contracts ($) | |||||
Interest rate risk | (863,430) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 288,674,215 |
Futures contracts — short | 226,060,117 |
* | Based on the ending quarterly outstanding amounts for the six months ended October 31, 2021. |
Columbia Corporate Income Fund | Semiannual Report 2021 | 35 |
October 31, 2021 (Unaudited)
36 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Corporate Income Fund | Semiannual Report 2021 | 37 |
October 31, 2021 (Unaudited)
Effective rate (%) | |
Class A | 0.15 |
Advisor Class | 0.15 |
Class C | 0.15 |
Institutional Class | 0.15 |
Institutional 2 Class | 0.06 |
Institutional 3 Class | 0.00 |
38 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 4.75 | 0.50 - 1.00(a) | 38,196 |
Class C | — | 1.00(b) | 1,025 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
September 1, 2021 through August 31, 2023 | Prior to September 1, 2021 | |
Class A | 0.87% | 0.90% |
Advisor Class | 0.62 | 0.65 |
Class C | 1.42 | 1.65 |
Institutional Class | 0.62 | 0.65 |
Institutional 2 Class | 0.52 | 0.52 |
Institutional 3 Class | 0.47 | 0.47 |
Columbia Corporate Income Fund | Semiannual Report 2021 | 39 |
October 31, 2021 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
1,517,449,000 | 48,702,000 | (19,968,000) | 28,734,000 |
40 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Corporate Income Fund | Semiannual Report 2021 | 41 |
October 31, 2021 (Unaudited)
42 | Columbia Corporate Income Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Corporate Income Fund | Semiannual Report 2021 | 43 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
44 | Columbia Corporate Income Fund | Semiannual Report 2021 |
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
Columbia Corporate Income Fund | Semiannual Report 2021 | 45 |
Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund
46 | Columbia Corporate Income Fund | Semiannual Report 2021 |
On June 15, 2021, the Board, including all of the Independent Trustees, determined that fees payable under the Management Agreement were fair and reasonable in light of the extent and quality of services provided and approved the renewal of the Management Agreement.
Columbia Corporate Income Fund | Semiannual Report 2021 | 47 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
October 31, 2021
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2021) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | 10 Years | ||
Class A | Excluding sales charges | 07/31/00 | 0.39 | 3.02 | 4.43 | 3.89 |
Including sales charges | -2.63 | -0.06 | 3.80 | 3.57 | ||
Advisor Class* | 11/08/12 | 0.51 | 3.25 | 4.71 | 4.14 | |
Class C | Excluding sales charges | 02/01/02 | -0.02 | 2.22 | 3.66 | 3.16 |
Including sales charges | -1.01 | 1.27 | 3.66 | 3.16 | ||
Institutional Class | 12/05/78 | 0.52 | 3.25 | 4.70 | 4.15 | |
Institutional 2 Class* | 11/08/12 | 0.52 | 3.31 | 4.78 | 4.21 | |
Institutional 3 Class* | 11/08/12 | 0.54 | 3.36 | 4.83 | 4.26 | |
Class R | 01/23/06 | 0.24 | 2.74 | 4.18 | 3.63 | |
Bloomberg U.S. Aggregate Bond Index | 1.06 | -0.48 | 3.10 | 3.00 |
* | 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 Total Return Bond Fund | Semiannual Report 2021 | 3 |
(Unaudited)
Portfolio breakdown (%) (at October 31, 2021) | |
Asset-Backed Securities — Non-Agency | 15.1 |
Commercial Mortgage-Backed Securities - Agency | 0.3 |
Commercial Mortgage-Backed Securities - Non-Agency | 6.5 |
Common Stocks | 0.0(a) |
Convertible Bonds | 0.1 |
Corporate Bonds & Notes | 24.1 |
Foreign Government Obligations | 2.9 |
Money Market Funds | 4.1 |
Options Purchased Calls | 0.0(a) |
Options Purchased Puts | 0.3 |
Residential Mortgage-Backed Securities - Agency | 13.7 |
Residential Mortgage-Backed Securities - Non-Agency | 32.4 |
Senior Loans | 0.1 |
U.S. Treasury Obligations | 0.4 |
Total | 100.0 |
(a) | Rounds to zero. |
Quality breakdown (%) (at October 31, 2021) | |
AAA rating | 18.0 |
AA rating | 4.7 |
A rating | 9.0 |
BBB rating | 23.3 |
BB rating | 17.9 |
B rating | 7.3 |
CCC rating | 1.4 |
CC rating | 0.0(a) |
Not rated | 18.4 |
Total | 100.0 |
(a) | Rounds to zero. |
Market exposure through derivatives investments (% of notional exposure) (at October 31, 2021)(a) | |||
Long | Short | Net | |
Fixed Income Derivative Contracts | 148.8 | (48.5) | 100.3 |
Foreign Currency Derivative Contracts | — | (0.3) | (0.3) |
Total Notional Market Value of Derivative Contracts | 148.8 | (48.8) | 100.0 |
4 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
(Unaudited)
May 1, 2021 — October 31, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Class A | 1,000.00 | 1,000.00 | 1,003.90 | 1,021.24 | 3.70 | 3.73 | 0.74 |
Advisor Class | 1,000.00 | 1,000.00 | 1,005.10 | 1,022.49 | 2.45 | 2.47 | 0.49 |
Class C | 1,000.00 | 1,000.00 | 999.80 | 1,017.50 | 7.43 | 7.49 | 1.49 |
Institutional Class | 1,000.00 | 1,000.00 | 1,005.20 | 1,022.49 | 2.45 | 2.47 | 0.49 |
Institutional 2 Class | 1,000.00 | 1,000.00 | 1,005.20 | 1,022.79 | 2.15 | 2.17 | 0.43 |
Institutional 3 Class | 1,000.00 | 1,000.00 | 1,005.40 | 1,023.04 | 1.90 | 1.92 | 0.38 |
Class R | 1,000.00 | 1,000.00 | 1,002.40 | 1,020.00 | 4.94 | 4.99 | 0.99 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 5 |
October 31, 2021 (Unaudited)
Asset-Backed Securities — Non-Agency 16.5% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
American Credit Acceptance Receivables Trust(a) | ||||
Series 2020-4 Class E | ||||
12/14/2026 | 3.650% | 6,970,000 | 7,166,132 | |
Subordinated Series 2018-1 Class F | ||||
12/10/2024 | 6.550% | 10,100,000 | 10,178,781 | |
ARES XLVI CLO Ltd.(a),(b) | ||||
Series 2017-46A Class B1 | ||||
3-month USD LIBOR + 1.350% 01/15/2030 | 1.474% | 7,780,000 | 7,780,506 | |
Atrium XIII(a),(b) | ||||
Series 2013A Class B | ||||
3-month USD LIBOR + 1.500% 11/21/2030 | 1.624% | 2,250,000 | 2,253,469 | |
Avant Loans Funding Trust(a) | ||||
Series 2020-REV1 Class A | ||||
05/15/2029 | 2.170% | 8,640,000 | 8,662,170 | |
Series 2020-REV1 Class B | ||||
05/15/2029 | 2.680% | 5,600,000 | 5,610,041 | |
Bain Capital Credit CLO Ltd.(a),(b) | ||||
Series 2020-3A Class DR | ||||
3-month USD LIBOR + 3.250% Floor 3.250% 10/23/2034 | 3.450% | 8,250,000 | 8,251,691 | |
Series 2020-4A Class D | ||||
3-month USD LIBOR + 4.250% Floor 4.250% 10/20/2033 | 4.382% | 3,750,000 | 3,784,804 | |
Ballyrock CLO Ltd.(a),(b) | ||||
Series 2018-1A Class A2 | ||||
3-month USD LIBOR + 1.600% 04/20/2031 | 1.732% | 2,575,000 | 2,575,054 | |
Carlyle Global Market Strategies CLO(a),(b) | ||||
Series 2016-3A Class ERR | ||||
3-month USD LIBOR + 3.100% Floor 3.100% 07/20/2034 | 7.148% | 5,000,000 | 4,992,975 | |
Carlyle Group LP(a),(b) | ||||
Series 2017-5A Class A2 | ||||
3-month USD LIBOR + 1.400% 01/20/2030 | 1.532% | 3,810,000 | 3,787,087 | |
Carlyle US CLO Ltd.(a),(b) | ||||
Series 2020-2A Class C | ||||
3-month USD LIBOR + 4.000% Floor 4.000% 10/25/2031 | 4.174% | 5,975,000 | 5,985,116 | |
Cent CLO Ltd.(a),(b) | ||||
Series 2018-C17A Class A2R | ||||
3-month USD LIBOR + 1.600% 04/30/2031 | 1.732% | 9,300,000 | 9,300,000 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Dryden CLO Ltd.(a),(b) | ||||
Series 2018-57A Class B | ||||
3-month USD LIBOR + 1.350% Floor 1.350% 05/15/2031 | 1.475% | 7,000,000 | 7,000,217 | |
Series 2020-83A Class D | ||||
3-month USD LIBOR + 3.500% Floor 3.500% 01/18/2032 | 3.622% | 4,000,000 | 4,005,780 | |
Enva LLC(a) | ||||
Subordinated Series 2018-A Class B | ||||
05/20/2026 | 7.370% | 277,179 | 278,323 | |
ENVA LLC(a) | ||||
Series 2019-A Class B | ||||
06/22/2026 | 6.170% | 940,168 | 943,451 | |
Exeter Automobile Receivables Trust | ||||
Subordinated Series 2020-3A Class E | ||||
08/17/2026 | 3.440% | 6,300,000 | 6,507,407 | |
Exeter Automobile Receivables Trust(a) | ||||
Subordinated Series 2021-2A Class E | ||||
07/17/2028 | 2.900% | 6,000,000 | 5,958,394 | |
FREED ABS Trust(a) | ||||
Series 2019-1 Class C | ||||
06/18/2026 | 5.390% | 6,300,000 | 6,389,982 | |
Subordinated Series 2019-2 Class C | ||||
11/18/2026 | 4.860% | 3,300,000 | 3,369,354 | |
GLS Auto Receivables Issuer Trust(a) | ||||
Subordinated Series 2020-3A Class E | ||||
07/15/2027 | 4.310% | 1,450,000 | 1,511,037 | |
Goldentree Loan Management US CLO 10 Ltd.(a),(b) | ||||
Series 2021-10A Class D | ||||
3-month USD LIBOR + 3.050% Floor 3.050% 07/20/2034 | 3.182% | 12,750,000 | 12,756,388 | |
Goldentree Loan Opportunities XI Ltd.(a),(b) | ||||
Series 2015-11A Class BR2 | ||||
3-month USD LIBOR + 1.350% 01/18/2031 | 1.472% | 5,000,000 | 5,000,215 | |
LendingClub Receivables Trust(a) | ||||
Series 2019-1 Class A | ||||
07/17/2045 | 4.000% | 1,902,511 | 1,931,894 | |
Series 2019-2 Class A | ||||
08/15/2025 | 4.000% | 2,409,715 | 2,441,513 | |
Series 2019-3 Class A | ||||
10/15/2025 | 3.750% | 2,880,411 | 2,916,398 | |
Series 2019-7 Class A | ||||
01/15/2027 | 3.750% | 2,863,682 | 2,884,905 |
6 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2020-1 Class A | ||||
01/16/2046 | 3.500% | 2,213,183 | 2,224,863 | |
Series 2020-2 Class A | ||||
02/15/2046 | 3.600% | 1,912,624 | 1,924,716 | |
Series 2020-T1 Class A | ||||
02/15/2046 | 3.500% | 2,505,157 | 2,509,424 | |
LendingClub Receivables Trust(a),(c),(d),(e) | ||||
Series 2020-JPSL Class R | ||||
02/15/2025 | 0.000% | 50,000 | 1,283,500 | |
Lendingpoint Asset Securitization Trust(a) | ||||
Series 2021-A Class A | ||||
12/15/2028 | 1.000% | 9,769,387 | 9,767,617 | |
LendingPoint Asset Securitization Trust(a) | ||||
Series 2021-1 Class A | ||||
04/15/2027 | 1.750% | 9,759,579 | 9,795,881 | |
LendingPoint Asset Securitization Trust(a),(c),(e) | ||||
Subordinated Series 2021-1 Class B | ||||
04/15/2027 | 2.853% | 5,050,000 | 5,060,100 | |
LL ABS Trust(a) | ||||
Series 2020-1A Class A | ||||
01/17/2028 | 2.330% | 1,885,298 | 1,893,288 | |
Series 2021-1A Class A | ||||
05/15/2029 | 1.070% | 5,414,188 | 5,396,337 | |
LP LMS Asset Securitization Trust(a),(c),(e) | ||||
Series 2021-2A Class A | ||||
01/15/2029 | 1.750% | 12,829,440 | 12,809,394 | |
Lucali CLO Ltd.(a),(b) | ||||
Series 2020-1A Class D | ||||
3-month USD LIBOR + 3.600% Floor 3.600% 01/15/2033 | 3.838% | 5,000,000 | 5,003,290 | |
Madison Park Funding XLVII Ltd.(a),(b) | ||||
Series 2020-47A Class D | ||||
3-month USD LIBOR + 4.000% Floor 4.000% 01/19/2034 | 4.246% | 6,800,000 | 6,895,649 | |
Madison Park Funding XXIV Ltd.(a),(b) | ||||
Series 2016-24A Class BR | ||||
3-month USD LIBOR + 1.750% 10/20/2029 | 1.882% | 9,875,000 | 9,877,469 | |
Madison Park Funding XXVII Ltd.(a),(b) | ||||
Series 2018-27A Class A2 | ||||
3-month USD LIBOR + 1.350% 04/20/2030 | 1.482% | 14,000,000 | 13,966,050 | |
Marlette Funding Trust(a) | ||||
Series 2019-1A Class B | ||||
04/16/2029 | 3.940% | 2,234,986 | 2,242,724 | |
Series 2020-2A Class D | ||||
09/16/2030 | 4.650% | 2,000,000 | 2,092,476 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2021-1A Class B | ||||
06/16/2031 | 1.000% | 3,950,000 | 3,947,395 | |
Subordinated Series 2020-2A Class C | ||||
09/16/2030 | 2.830% | 3,550,000 | 3,612,446 | |
Octagon 55 Ltd.(a),(b) | ||||
Series 2021-1A Class D | ||||
3-month USD LIBOR + 3.100% Floor 3.100% 07/20/2034 | 3.214% | 8,750,000 | 8,745,406 | |
Octagon Investment Partners 35 Ltd.(a),(b) | ||||
Series 2018-1A Class A2 | ||||
3-month USD LIBOR + 1.400% Floor 1.400% 01/20/2031 | 1.532% | 9,350,000 | 9,311,226 | |
Octagon Investment Partners XXII Ltd.(a),(b) | ||||
Series 2014-1A Class BRR | ||||
3-month USD LIBOR + 1.450% Floor 1.450% 01/22/2030 | 1.578% | 22,000,000 | 22,013,794 | |
Oportun Issuance Trust(a) | ||||
Series 2021-B Class A | ||||
05/08/2031 | 1.470% | 15,100,000 | 15,107,262 | |
Subordinated Series 2021-B Class B | ||||
05/08/2031 | 1.960% | 3,100,000 | 3,099,020 | |
OZLM Funding IV Ltd.(a),(b) | ||||
Series 2013-4A Class D2R | ||||
3-month USD LIBOR + 7.250% 10/22/2030 | 7.378% | 1,000,000 | 992,312 | |
OZLM XXI(a),(b) | ||||
Series 2017-21A Class A2 | ||||
3-month USD LIBOR + 1.450% 01/20/2031 | 1.582% | 11,475,000 | 11,430,431 | |
Pagaya AI Debt Selection Trust(a),(e) | ||||
Series 2019-1 Class A | ||||
06/15/2026 | 3.690% | 77,660 | 77,757 | |
Pagaya AI Debt Selection Trust(a) | ||||
Series 2019-3 Class A | ||||
11/16/2026 | 3.821% | 2,312,171 | 2,331,156 | |
Series 2021-2 Class NOTE | ||||
01/25/2029 | 3.000% | 11,045,125 | 11,015,797 | |
Series 2021-3 Class A | ||||
05/15/2029 | 1.150% | 24,000,000 | 23,963,304 | |
Series 2021-HG1 Class A | ||||
01/16/2029 | 1.220% | 6,866,003 | 6,854,942 | |
Subordinated Series 2020-3 Class C | ||||
05/17/2027 | 6.430% | 8,300,000 | 8,599,032 | |
Subordinated Series 2021-3 Class B | ||||
05/15/2029 | 1.740% | 6,200,000 | 6,142,687 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 7 |
October 31, 2021 (Unaudited)
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Subordinated Series 2021-HG1 Class B | ||||
01/16/2029 | 1.820% | 1,612,964 | 1,613,698 | |
Palmer Square Loan Funding Ltd.(a),(b) | ||||
Series 2021-4A Class B | ||||
3-month USD LIBOR + 1.750% Floor 1.750% 10/15/2029 | 2.000% | 15,000,000 | 15,002,250 | |
Prosper Marketplace Issuance Trust(a) | ||||
Subordinated Series 2019-3A Class C | ||||
07/15/2025 | 4.940% | 11,491,889 | 11,514,365 | |
Prosper Pass-Through Trust(a),(e) | ||||
Series 2019-ST2 Class A | ||||
11/15/2025 | 3.750% | 2,010,402 | 2,020,454 | |
Research-Driven Pagaya Motor Asset Trust IV(a) | ||||
Series 2021-2A Class A | ||||
03/25/2030 | 2.650% | 7,100,000 | 7,100,000 | |
Rockland Park CLO Ltd.(a),(b) | ||||
Series 2021-1A Class A | ||||
3-month USD LIBOR + 1.120% Floor 1.120% 04/20/2034 | 1.252% | 23,000,000 | 23,023,736 | |
RR 1 LLC(a),(b) | ||||
Series 2017-1A Class D1B | ||||
3-month USD LIBOR + 6.350% Floor 6.350% 07/15/2035 | 6.474% | 5,000,000 | 5,000,630 | |
Stewart Park CLO Ltd.(a),(b) | ||||
Series 2017-1A Class BR | ||||
3-month USD LIBOR + 1.370% Floor 1.370% 01/15/2030 | 1.494% | 5,828,571 | 5,825,762 | |
Theorem Funding Trust(a) | ||||
Series 2020-1A Class A | ||||
10/15/2026 | 2.480% | 2,388,280 | 2,394,059 | |
Series 2020-1A Class B | ||||
10/15/2026 | 3.950% | 3,000,000 | 3,048,515 | |
Series 2021-1A Class A | ||||
12/15/2027 | 1.210% | 13,758,034 | 13,733,746 | |
Upstart Pass-Through Trust(a) | ||||
Series 2020-ST6 Class A | ||||
01/20/2027 | 3.000% | 4,102,968 | 4,136,392 | |
Series 2021-ST4 Class A | ||||
07/20/2027 | 2.000% | 8,434,285 | 8,393,534 | |
Series 2021-ST5 Class A | ||||
07/20/2027 | 2.000% | 8,036,908 | 7,997,252 | |
Upstart Securitization Trust(a) | ||||
Series 2020-2 Class A | ||||
11/20/2030 | 2.309% | 7,321,096 | 7,389,267 | |
Series 2021-4 Class A | ||||
09/20/2031 | 0.840% | 15,750,000 | 15,692,109 |
Asset-Backed Securities — Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Subordinated Series 2021-4 Class B | ||||
09/20/2031 | 1.840% | 7,810,000 | 7,725,984 | |
Voya CLO Ltd.(a),(b) | ||||
Series 2021-1A Class D | ||||
3-month USD LIBOR + 3.150% Floor 3.150% 07/15/2034 | 3.261% | 8,350,000 | 8,352,630 | |
Series 2021-2A Class E | ||||
3-month USD LIBOR + 6.600% Floor 6.600% 10/20/2034 | 6.900% | 4,724,403 | 4,725,343 | |
Total Asset-Backed Securities — Non-Agency (Cost $527,229,603) | 528,899,555 | |||
Commercial Mortgage-Backed Securities - Agency 0.3% | ||||
FRESB Mortgage Trust(f) | ||||
Series 2018-SB45 Class A10F | ||||
11/25/2027 | 3.160% | 5,408,721 | 5,611,374 | |
Government National Mortgage Association(f),(g) | ||||
Series 2019-147 Class IO | ||||
06/16/2061 | 0.542% | 66,296,194 | 3,551,799 | |
Total Commercial Mortgage-Backed Securities - Agency (Cost $11,391,930) | 9,163,173 | |||
Commercial Mortgage-Backed Securities - Non-Agency 7.1% | ||||
American Homes 4 Rent Trust(a) | ||||
Series 2014-SFR3 Class A | ||||
12/17/2036 | 3.678% | 1,397,304 | 1,458,108 | |
BAMLL Commercial Mortgage Securities Trust(a),(f) | ||||
Series 2013-WBRK Class A | ||||
03/10/2037 | 3.652% | 3,000,000 | 3,143,204 | |
BAMLL Commercial Mortgage Securities Trust(a),(b) | ||||
Series 2019-RLJ Class D | ||||
1-month USD LIBOR + 1.950% Floor 1.950% 04/15/2036 | 2.040% | 7,730,000 | 7,401,013 | |
BBCMS Trust(a),(b) | ||||
Subordinated Series 2018-BXH Class E | ||||
1-month USD LIBOR + 2.250% Floor 2.250% 10/15/2037 | 2.340% | 4,790,000 | 4,680,872 | |
Subordinated Series 2018-BXH Class F | ||||
1-month USD LIBOR + 2.950% Floor 2.950% 10/15/2037 | 3.040% | 1,750,000 | 1,684,374 | |
BFLD Trust(a),(b) | ||||
Series 2019-DPLO Class F | ||||
1-month USD LIBOR + 2.540% Floor 2.540% 10/15/2034 | 2.630% | 1,800,000 | 1,750,347 |
8 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Subordinated Series 2019-DPLO Class D | ||||
1-month USD LIBOR + 1.840% Floor 1.840% 10/15/2034 | 1.930% | 1,600,000 | 1,587,947 | |
BHMS Mortgage Trust(a),(b) | ||||
Series 2018-ATLS Class C | ||||
1-month USD LIBOR + 1.900% Floor 1.900% 07/15/2035 | 1.991% | 7,700,000 | 7,675,949 | |
Braemar Hotels & Resorts Trust(a),(b) | ||||
Series 2018-PRME Class E | ||||
1-month USD LIBOR + 2.400% Floor 2.400% 06/15/2035 | 2.491% | 6,850,000 | 6,609,594 | |
Subordinated Series 2018-PRME Class D | ||||
1-month USD LIBOR + 1.800% Floor 1.925% 06/15/2035 | 1.891% | 3,100,000 | 3,094,343 | |
BX Trust(a),(b) | ||||
Series 2018-GW Class F | ||||
1-month USD LIBOR + 2.420% Floor 2.420% 05/15/2035 | 2.510% | 5,900,000 | 5,859,459 | |
Series 2018-GW Class G | ||||
1-month USD LIBOR + 2.920% Floor 2.920% 05/15/2035 | 3.010% | 2,160,000 | 2,143,826 | |
Series 2019-ATL Class C | ||||
1-month USD LIBOR + 1.587% Floor 1.587%, Cap 1.587% 10/15/2036 | 1.677% | 4,361,000 | 4,317,419 | |
Series 2019-ATL Class D | ||||
1-month USD LIBOR + 1.887% Floor 1.887% 10/15/2036 | 1.977% | 3,801,000 | 3,753,526 | |
BX Trust(a) | ||||
Series 2019-OC11 Class E | ||||
12/09/2041 | 4.076% | 2,850,000 | 2,863,667 | |
CHT Mortgage Trust(a),(b) | ||||
Series 2017-CSMO Class B | ||||
1-month USD LIBOR + 1.400% Floor 1.200% 11/15/2036 | 1.490% | 3,000,000 | 2,999,063 | |
Series 2017-CSMO Class C | ||||
1-month USD LIBOR + 1.500% Floor 1.350% 11/15/2036 | 1.590% | 5,000,000 | 4,998,438 | |
Series 2017-CSMO Class D | ||||
1-month USD LIBOR + 2.250% Floor 2.100% 11/15/2036 | 2.340% | 2,000,000 | 1,999,375 |
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Series 2017-CSMO Class E | ||||
1-month USD LIBOR + 3.000% Floor 3.000% 11/15/2036 | 3.090% | 11,500,000 | 11,496,406 | |
CLNY Trust(a),(b) | ||||
Series 2019-IKPR Class A | ||||
1-month USD LIBOR + 1.129% Floor 1.129% 11/15/2038 | 1.219% | 5,000,000 | 4,999,986 | |
Series 2019-IKPR Class E | ||||
1-month USD LIBOR + 2.721% Floor 2.721% 11/15/2038 | 2.811% | 8,500,000 | 8,425,698 | |
Cold Storage Trust(a),(b) | ||||
Subordinated Series 2020-ICE5 Class F | ||||
1-month USD LIBOR + 3.493% Floor 3.333% 11/15/2023 | 3.583% | 7,618,177 | 7,655,093 | |
COMM Mortgage Trust(a),(f) | ||||
Series 2020-CBM Class E | ||||
02/10/2037 | 3.633% | 4,850,000 | 4,736,795 | |
Subordinated Series 2020-CX Class D | ||||
11/10/2046 | 2.684% | 5,600,000 | 5,478,982 | |
Cosmopolitan Hotel Mortgage Trust(a),(b) | ||||
Subordinated Series 2017-CSMO Class F | ||||
1-month USD LIBOR + 3.741% Floor 3.741% 11/15/2036 | 3.831% | 6,392,000 | 6,394,151 | |
Credit Suisse Mortgage Capital Certificates OA LLC(a) | ||||
Subordinated Series 2014-USA Class D | ||||
09/15/2037 | 4.373% | 1,400,000 | 1,315,430 | |
Subordinated Series 2014-USA Class E | ||||
09/15/2037 | 4.373% | 8,285,000 | 7,405,241 | |
Subordinated Series 2014-USA Class F | ||||
09/15/2037 | 4.373% | 7,750,000 | 5,937,342 | |
Extended Stay America Trust(a),(b) | ||||
Series 2021-ESH Class D | ||||
1-month USD LIBOR + 2.250% Floor 2.250% 07/15/2038 | 2.340% | 13,479,872 | 13,505,124 | |
Hilton USA Trust(a),(f) | ||||
Series 2016-HHV Class F | ||||
11/05/2038 | 4.194% | 2,500,000 | 2,479,211 | |
Hilton USA Trust(a) | ||||
Subordinated Series 2016-SFP Class E | ||||
11/05/2035 | 5.519% | 5,500,000 | 5,510,883 | |
Morgan Stanley Capital I Trust(a),(f) | ||||
Series 2019-MEAD Class E | ||||
11/10/2036 | 3.283% | 6,200,000 | 5,924,817 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 9 |
October 31, 2021 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Progress Residential Trust(a) | ||||
Series 2019-SFR1 Class E | ||||
08/17/2035 | 4.466% | 5,265,000 | 5,303,925 | |
Series 2020-SFR1 Class E | ||||
04/17/2037 | 3.032% | 8,750,000 | 8,880,840 | |
Subordinated Series 2019-SFR2 Class F | ||||
05/17/2036 | 4.837% | 1,400,000 | 1,416,049 | |
Subordinated Series 2019-SFR3 Class F | ||||
09/17/2036 | 3.867% | 1,225,000 | 1,235,127 | |
Subordinated Series 2019-SFR4 Class F | ||||
10/17/2036 | 3.684% | 765,000 | 773,478 | |
Subordinated Series 2020-SFR2 Class E | ||||
06/17/2037 | 5.115% | 2,800,000 | 2,930,837 | |
SFO Commercial Mortgage Trust(a),(b) | ||||
Series 2021-555 Class A | ||||
1-month USD LIBOR + 1.150% Floor 1.150% 05/15/2038 | 1.240% | 19,000,000 | 19,006,017 | |
Subordinated Series 2021-555 Class C | ||||
1-month USD LIBOR + 1.800% Floor 1.800% 05/15/2038 | 1.890% | 7,500,000 | 7,509,365 | |
UBS Commercial Mortgage Trust(a),(b) | ||||
Series 2018-NYCH Class B | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 02/15/2032 | 1.340% | 4,800,000 | 4,778,984 | |
Series 2018-NYCH Class E | ||||
1-month USD LIBOR + 2.900% Floor 3.200% 02/15/2032 | 2.990% | 5,737,000 | 5,589,818 | |
Wells Fargo Commercial Mortgage Trust(a),(b) | ||||
Series 2017-SMP Class A | ||||
1-month USD LIBOR + 0.875% Floor 0.750% 12/15/2034 | 0.965% | 4,555,000 | 4,549,565 | |
Series 2021-FCMT Class A | ||||
1-month USD LIBOR + 1.200% Floor 1.200% 05/15/2031 | 1.290% | 6,250,000 | 6,249,998 | |
Total Commercial Mortgage-Backed Securities - Non-Agency (Cost $224,686,323) | 227,509,686 |
Common Stocks 0.0% | ||
Issuer | Shares | Value ($) |
Financials 0.0% | ||
Insurance 0.0% | ||
Mr. Cooper Group, Inc.(h) | 4,518 | 198,069 |
WMI Holdings Corp. Escrow(c),(e),(h) | 2,725 | — |
Total | 198,069 | |
Total Financials | 198,069 | |
Industrials 0.0% | ||
Airlines 0.0% | ||
United Airlines Holdings, Inc.(h) | 1,493 | 68,887 |
Total Industrials | 68,887 | |
Total Common Stocks (Cost $1,511,077) | 266,956 |
Convertible Bonds 0.1% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Banking 0.1% | ||||
BBVA Bancomer SA(a),(i) | ||||
Subordinated | ||||
11/12/2029 | 5.350% | 1,405,000 | 1,470,843 | |
Cable and Satellite 0.0% | ||||
DISH Network Corp. | ||||
Subordinated | ||||
08/15/2026 | 3.375% | 440,000 | 448,288 | |
Total Convertible Bonds (Cost $1,826,028) | 1,919,131 | |||
Corporate Bonds & Notes 26.5% | ||||
Aerospace & Defense 0.6% | ||||
Boeing Co. (The) | ||||
05/01/2060 | 5.930% | 5,000,000 | 7,032,225 | |
Bombardier, Inc.(a) | ||||
12/01/2024 | 7.500% | 589,000 | 613,127 | |
04/15/2027 | 7.875% | 563,000 | 585,502 | |
Moog, Inc.(a) | ||||
12/15/2027 | 4.250% | 229,000 | 235,940 | |
Northrop Grumman Corp. | ||||
01/15/2028 | 3.250% | 3,490,000 | 3,757,158 | |
TransDigm, Inc.(a) | ||||
12/15/2025 | 8.000% | 394,000 | 419,071 | |
03/15/2026 | 6.250% | 2,697,000 | 2,817,124 | |
TransDigm, Inc. | ||||
06/15/2026 | 6.375% | 993,000 | 1,027,378 | |
03/15/2027 | 7.500% | 73,000 | 76,683 | |
11/15/2027 | 5.500% | 457,000 | 468,563 | |
01/15/2029 | 4.625% | 75,000 | 74,524 |
10 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
05/01/2029 | 4.875% | 906,000 | 909,017 | |
United Technologies Corp. | ||||
11/16/2028 | 4.125% | 2,270,000 | 2,572,578 | |
Total | 20,588,890 | |||
Airlines 0.1% | ||||
Air Canada(a) | ||||
08/15/2026 | 3.875% | 647,000 | 655,528 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(a) | ||||
04/20/2026 | 5.500% | 1,257,000 | 1,318,171 | |
04/20/2029 | 5.750% | 192,066 | 206,728 | |
Delta Air Lines, Inc. | ||||
01/15/2026 | 7.375% | 380,000 | 446,744 | |
Hawaiian Brand Intellectual Property Ltd./Miles Loyalty Ltd.(a) | ||||
01/20/2026 | 5.750% | 657,100 | 689,955 | |
United Airlines, Inc.(a) | ||||
04/15/2026 | 4.375% | 320,000 | 331,336 | |
04/15/2029 | 4.625% | 357,000 | 368,152 | |
Total | 4,016,614 | |||
Automotive 0.4% | ||||
American Axle & Manufacturing, Inc. | ||||
03/15/2026 | 6.250% | 494,000 | 507,598 | |
04/01/2027 | 6.500% | 29,000 | 30,283 | |
Clarios Global LP(a) | ||||
05/15/2025 | 6.750% | 118,000 | 124,268 | |
Ford Motor Co. | ||||
04/21/2023 | 8.500% | 50,000 | 54,790 | |
04/22/2025 | 9.000% | 446,000 | 536,365 | |
04/22/2030 | 9.625% | 15,000 | 21,610 | |
07/16/2031 | 7.450% | 370,000 | 489,566 | |
Ford Motor Credit Co. LLC | ||||
03/18/2024 | 5.584% | 1,014,000 | 1,092,531 | |
09/08/2024 | 3.664% | 934,000 | 968,976 | |
11/13/2025 | 3.375% | 1,019,000 | 1,047,126 | |
01/09/2027 | 4.271% | 630,000 | 668,526 | |
08/17/2027 | 4.125% | 540,000 | 572,036 | |
02/16/2028 | 2.900% | 329,000 | 326,252 | |
IAA Spinco, Inc.(a) | ||||
06/15/2027 | 5.500% | 740,000 | 770,633 | |
Jaguar Land Rover Automotive PLC(a) | ||||
07/15/2029 | 5.500% | 486,000 | 468,956 | |
KAR Auction Services, Inc.(a) | ||||
06/01/2025 | 5.125% | 2,164,000 | 2,174,178 | |
Panther BF Aggregator 2 LP/Finance Co., Inc.(a) | ||||
05/15/2026 | 6.250% | 987,000 | 1,032,703 | |
05/15/2027 | 8.500% | 592,000 | 629,173 | |
Real Hero Merger Sub 2, Inc.(a) | ||||
02/01/2029 | 6.250% | 168,000 | 172,473 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Tenneco, Inc.(a) | ||||
01/15/2029 | 7.875% | 618,000 | 675,684 | |
04/15/2029 | 5.125% | 347,000 | 343,867 | |
Total | 12,707,594 | |||
Banking 3.3% | ||||
Bank of America Corp.(i) | ||||
07/23/2031 | 1.898% | 18,920,000 | 18,077,998 | |
Citigroup, Inc.(i) | ||||
06/03/2031 | 2.572% | 4,815,000 | 4,850,981 | |
05/01/2032 | 2.561% | 2,061,000 | 2,066,647 | |
Citigroup, Inc.(i),(j) | ||||
11/03/2032 | 2.520% | 2,575,000 | 2,565,504 | |
Goldman Sachs Group, Inc. (The)(i) | ||||
05/01/2029 | 4.223% | 5,310,000 | 5,947,892 | |
07/21/2032 | 2.383% | 7,956,000 | 7,821,004 | |
HSBC Holdings PLC(i) | ||||
05/24/2032 | 2.804% | 9,615,000 | 9,681,780 | |
JPMorgan Chase & Co.(i) | ||||
10/15/2030 | 2.739% | 4,175,000 | 4,287,306 | |
04/22/2032 | 2.580% | 24,598,000 | 24,774,724 | |
Morgan Stanley(i) | ||||
07/21/2032 | 2.239% | 7,626,000 | 7,445,346 | |
10/20/2032 | 2.511% | 3,999,000 | 3,991,148 | |
Washington Mutual Bank(c),(e),(k) | ||||
Subordinated | ||||
01/15/2015 | 0.000% | 27,379,000 | 41,069 | |
Wells Fargo & Co.(i) | ||||
10/30/2030 | 2.879% | 1,254,000 | 1,299,412 | |
02/11/2031 | 2.572% | 11,516,000 | 11,647,239 | |
Total | 104,498,050 | |||
Brokerage/Asset Managers/Exchanges 0.1% | ||||
Advisor Group Holdings, Inc.(a) | ||||
08/01/2027 | 10.750% | 46,000 | 51,101 | |
AG Issuer LLC(a) | ||||
03/01/2028 | 6.250% | 45,000 | 46,925 | |
Aretec Escrow Issuer, Inc.(a) | ||||
04/01/2029 | 7.500% | 260,000 | 269,255 | |
Hightower Holding LLC(a) | ||||
04/15/2029 | 6.750% | 669,000 | 684,172 | |
NFP Corp.(a) | ||||
08/15/2028 | 4.875% | 659,000 | 669,081 | |
08/15/2028 | 6.875% | 1,201,000 | 1,221,248 | |
Total | 2,941,782 | |||
Building Materials 0.4% | ||||
American Builders & Contractors Supply Co., Inc.(a) | ||||
01/15/2028 | 4.000% | 445,000 | 452,731 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 11 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Beacon Roofing Supply, Inc.(a) | ||||
11/15/2026 | 4.500% | 689,000 | 714,017 | |
05/15/2029 | 4.125% | 424,000 | 419,458 | |
Cemex SAB de CV(a) | ||||
11/19/2029 | 5.450% | 8,704,000 | 9,423,842 | |
CP Atlas Buyer Inc.(a) | ||||
12/01/2028 | 7.000% | 256,000 | 247,658 | |
Interface, Inc.(a) | ||||
12/01/2028 | 5.500% | 197,000 | 205,564 | |
James Hardie International Finance DAC(a) | ||||
01/15/2028 | 5.000% | 250,000 | 261,396 | |
SRS Distribution, Inc.(a) | ||||
07/01/2028 | 4.625% | 331,000 | 338,697 | |
07/01/2029 | 6.125% | 644,000 | 662,443 | |
White Cap Buyer LLC(a) | ||||
10/15/2028 | 6.875% | 389,000 | 402,170 | |
Total | 13,127,976 | |||
Cable and Satellite 1.1% | ||||
CCO Holdings LLC/Capital Corp.(a) | ||||
05/01/2027 | 5.125% | 396,000 | 410,810 | |
06/01/2029 | 5.375% | 233,000 | 250,420 | |
03/01/2030 | 4.750% | 862,000 | 890,988 | |
08/15/2030 | 4.500% | 1,694,000 | 1,723,800 | |
02/01/2031 | 4.250% | 288,000 | 286,589 | |
CCO Holdings LLC/Capital Corp. | ||||
05/01/2032 | 4.500% | 5,267,000 | 5,310,758 | |
Charter Communications Operating LLC/Capital | ||||
05/01/2047 | 5.375% | 1,980,000 | 2,396,750 | |
06/30/2062 | 3.950% | 4,662,000 | 4,578,222 | |
CSC Holdings LLC | ||||
06/01/2024 | 5.250% | 871,000 | 915,610 | |
CSC Holdings LLC(a) | ||||
02/01/2028 | 5.375% | 952,000 | 981,169 | |
01/15/2030 | 5.750% | 598,000 | 589,508 | |
12/01/2030 | 4.125% | 1,399,000 | 1,339,905 | |
12/01/2030 | 4.625% | 358,000 | 328,091 | |
02/15/2031 | 3.375% | 359,000 | 326,855 | |
11/15/2031 | 5.000% | 237,000 | 220,140 | |
DIRECTV Holdings LLC/Financing Co., Inc.(a) | ||||
08/15/2027 | 5.875% | 347,000 | 360,137 | |
DISH DBS Corp. | ||||
07/15/2022 | 5.875% | 739,000 | 758,306 | |
07/01/2026 | 7.750% | 867,000 | 965,036 | |
06/01/2029 | 5.125% | 1,222,000 | 1,176,856 | |
Radiate Holdco LLC/Finance, Inc.(a) | ||||
09/15/2026 | 4.500% | 257,000 | 261,171 | |
09/15/2028 | 6.500% | 1,330,000 | 1,330,915 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Sirius XM Radio, Inc.(a) | ||||
09/01/2026 | 3.125% | 611,000 | 612,391 | |
08/01/2027 | 5.000% | 347,000 | 362,623 | |
07/01/2030 | 4.125% | 363,000 | 361,384 | |
Videotron Ltd.(a) | ||||
06/15/2029 | 3.625% | 6,376,000 | 6,422,464 | |
Virgin Media Finance PLC(a) | ||||
07/15/2030 | 5.000% | 805,000 | 800,665 | |
Virgin Media Secured Finance PLC(a) | ||||
05/15/2029 | 5.500% | 469,000 | 494,113 | |
Ziggo Bond Co. BV(a) | ||||
02/28/2030 | 5.125% | 555,000 | 561,368 | |
Ziggo Bond Finance BV(a) | ||||
01/15/2027 | 6.000% | 335,000 | 346,168 | |
Ziggo BV(a) | ||||
01/15/2027 | 5.500% | 222,000 | 228,938 | |
01/15/2030 | 4.875% | 730,000 | 741,456 | |
Total | 36,333,606 | |||
Chemicals 0.3% | ||||
Axalta Coating Systems LLC(a) | ||||
02/15/2029 | 3.375% | 328,000 | 312,070 | |
Axalta Coating Systems LLC/Dutch Holding B BV(a) | ||||
06/15/2027 | 4.750% | 607,000 | 627,079 | |
Element Solutions, Inc.(a) | ||||
09/01/2028 | 3.875% | 618,000 | 617,742 | |
HB Fuller Co. | ||||
10/15/2028 | 4.250% | 188,000 | 191,063 | |
Herens Holdco Sarl(a) | ||||
05/15/2028 | 4.750% | 468,000 | 464,578 | |
Illuminate Buyer LLC/Holdings IV, Inc.(a) | ||||
07/01/2028 | 9.000% | 829,000 | 898,213 | |
INEOS Group Holdings SA(a) | ||||
08/01/2024 | 5.625% | 366,000 | 366,383 | |
INEOS Quattro Finance 2 Plc(a) | ||||
01/15/2026 | 3.375% | 739,000 | 735,503 | |
Ingevity Corp.(a) | ||||
11/01/2028 | 3.875% | 494,000 | 485,937 | |
Innophos Holdings, Inc.(a) | ||||
02/15/2028 | 9.375% | 454,000 | 490,738 | |
Iris Holdings, Inc.(a),(l) | ||||
02/15/2026 | 8.750% | 279,000 | 283,369 | |
Minerals Technologies, Inc.(a) | ||||
07/01/2028 | 5.000% | 140,000 | 144,387 | |
Olympus Water US Holding Corp.(a) | ||||
10/01/2028 | 4.250% | 568,000 | 559,083 | |
10/01/2029 | 6.250% | 282,000 | 281,194 |
12 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Phosagro OAO Via Phosagro Bond Funding DAC(a) | ||||
11/03/2021 | 3.950% | 304,000 | 304,155 | |
SPCM SA(a) | ||||
03/15/2027 | 3.125% | 282,000 | 281,117 | |
Unifrax Escrow Issuer Corp.(a) | ||||
09/30/2028 | 5.250% | 284,000 | 284,129 | |
09/30/2029 | 7.500% | 160,000 | 159,073 | |
WR Grace Holdings LLC(a) | ||||
06/15/2027 | 4.875% | 561,000 | 569,852 | |
08/15/2029 | 5.625% | 1,202,000 | 1,212,149 | |
Total | 9,267,814 | |||
Construction Machinery 0.1% | ||||
H&E Equipment Services, Inc.(a) | ||||
12/15/2028 | 3.875% | 806,000 | 802,975 | |
Herc Holdings, Inc.(a) | ||||
07/15/2027 | 5.500% | 129,000 | 134,619 | |
NESCO Holdings II, Inc.(a) | ||||
04/15/2029 | 5.500% | 373,000 | 381,297 | |
Ritchie Bros. Auctioneers, Inc.(a) | ||||
01/15/2025 | 5.375% | 183,000 | 186,660 | |
United Rentals North America, Inc. | ||||
05/15/2027 | 5.500% | 361,000 | 378,313 | |
02/15/2031 | 3.875% | 194,000 | 195,344 | |
01/15/2032 | 3.750% | 302,000 | 301,402 | |
Total | 2,380,610 | |||
Consumer Cyclical Services 0.2% | ||||
APX Group, Inc.(a) | ||||
07/15/2029 | 5.750% | 384,000 | 380,637 | |
Arches Buyer, Inc.(a) | ||||
06/01/2028 | 4.250% | 155,000 | 156,190 | |
12/01/2028 | 6.125% | 93,000 | 94,048 | |
ASGN, Inc.(a) | ||||
05/15/2028 | 4.625% | 398,000 | 411,030 | |
Match Group, Inc.(a) | ||||
06/01/2028 | 4.625% | 97,000 | 100,863 | |
02/15/2029 | 5.625% | 79,000 | 85,324 | |
Staples, Inc.(a) | ||||
04/15/2026 | 7.500% | 334,000 | 338,253 | |
04/15/2027 | 10.750% | 28,000 | 26,729 | |
Uber Technologies, Inc.(a) | ||||
05/15/2025 | 7.500% | 688,000 | 733,181 | |
01/15/2028 | 6.250% | 200,000 | 214,655 | |
08/15/2029 | 4.500% | 2,218,000 | 2,234,482 | |
Total | 4,775,392 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Consumer Products 0.3% | ||||
CD&R Smokey Buyer, Inc.(a) | ||||
07/15/2025 | 6.750% | 337,000 | 356,936 | |
Energizer Holdings, Inc.(a) | ||||
03/31/2029 | 4.375% | 382,000 | 366,008 | |
Mattel, Inc.(a) | ||||
04/01/2026 | 3.375% | 247,000 | 254,641 | |
12/15/2027 | 5.875% | 446,000 | 480,361 | |
04/01/2029 | 3.750% | 765,000 | 794,883 | |
Mattel, Inc. | ||||
11/01/2041 | 5.450% | 28,000 | 33,144 | |
Newell Brands, Inc. | ||||
06/01/2025 | 4.875% | 371,000 | 406,205 | |
04/01/2046 | 6.000% | 3,600,000 | 4,518,984 | |
Prestige Brands, Inc.(a) | ||||
01/15/2028 | 5.125% | 214,000 | 223,891 | |
04/01/2031 | 3.750% | 255,000 | 246,514 | |
Scotts Miracle-Gro Co. (The)(a) | ||||
02/01/2032 | 4.375% | 636,000 | 639,619 | |
Spectrum Brands, Inc. | ||||
07/15/2025 | 5.750% | 202,000 | 207,139 | |
Spectrum Brands, Inc.(a) | ||||
03/15/2031 | 3.875% | 247,000 | 242,557 | |
Tempur Sealy International, Inc.(a) | ||||
10/15/2031 | 3.875% | 332,000 | 329,055 | |
Total | 9,099,937 | |||
Diversified Manufacturing 0.7% | ||||
BWX Technologies, Inc.(a) | ||||
06/30/2028 | 4.125% | 314,000 | 318,738 | |
Carrier Global Corp. | ||||
04/05/2040 | 3.377% | 2,257,000 | 2,358,647 | |
04/05/2050 | 3.577% | 2,087,000 | 2,255,380 | |
CFX Escrow Corp.(a) | ||||
02/15/2026 | 6.375% | 349,000 | 363,833 | |
Gates Global LLC/Co.(a) | ||||
01/15/2026 | 6.250% | 876,000 | 905,973 | |
General Electric Co. | ||||
03/15/2032 | 6.750% | 2,438,000 | 3,373,493 | |
General Electric Co.(b) | ||||
Junior Subordinated | ||||
3-month USD LIBOR + 3.330% 12/31/2049 | 3.446% | 8,115,000 | 7,912,259 | |
Madison IAQ LLC(a) | ||||
06/30/2028 | 4.125% | 741,000 | 736,721 | |
06/30/2029 | 5.875% | 792,000 | 785,943 | |
Resideo Funding, Inc.(a) | ||||
09/01/2029 | 4.000% | 573,000 | 547,736 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 13 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Stevens Holding Co., Inc.(a) | ||||
10/01/2026 | 6.125% | 282,000 | 304,760 | |
Vertical US Newco, Inc.(a) | ||||
07/15/2027 | 5.250% | 340,000 | 346,553 | |
WESCO Distribution, Inc.(a) | ||||
06/15/2025 | 7.125% | 1,621,000 | 1,724,502 | |
06/15/2028 | 7.250% | 346,000 | 381,992 | |
Total | 22,316,530 | |||
Electric 2.6% | ||||
AEP Texas, Inc. | ||||
01/15/2050 | 3.450% | 2,995,000 | 3,165,033 | |
Appalachian Power Co. | ||||
05/15/2044 | 4.400% | 4,045,000 | 4,771,324 | |
Calpine Corp.(a) | ||||
06/01/2026 | 5.250% | 131,000 | 134,757 | |
02/15/2028 | 4.500% | 1,125,000 | 1,139,344 | |
03/15/2028 | 5.125% | 293,000 | 292,269 | |
02/01/2031 | 5.000% | 92,000 | 90,136 | |
Clearway Energy Operating LLC(a) | ||||
03/15/2028 | 4.750% | 744,000 | 786,684 | |
02/15/2031 | 3.750% | 1,511,000 | 1,508,055 | |
01/15/2032 | 3.750% | 287,000 | 285,102 | |
CMS Energy Corp. | ||||
03/01/2024 | 3.875% | 523,000 | 553,526 | |
11/15/2025 | 3.600% | 260,000 | 278,895 | |
Consolidated Edison Co. of New York, Inc. | ||||
06/15/2047 | 3.875% | 1,265,000 | 1,433,570 | |
DTE Energy Co. | ||||
10/01/2026 | 2.850% | 8,462,000 | 8,882,683 | |
Duke Energy Corp. | ||||
09/01/2046 | 3.750% | 7,000,000 | 7,629,381 | |
Emera US Finance LP | ||||
06/15/2046 | 4.750% | 6,290,000 | 7,565,643 | |
Eversource Energy | ||||
01/15/2028 | 3.300% | 3,472,000 | 3,739,254 | |
Georgia Power Co. | ||||
03/15/2042 | 4.300% | 1,215,000 | 1,406,494 | |
Leeward Renewable Energy Operations LLC(a) | ||||
07/01/2029 | 4.250% | 200,000 | 201,264 | |
NextEra Energy Operating Partners LP(a) | ||||
07/15/2024 | 4.250% | 988,000 | 1,045,349 | |
09/15/2027 | 4.500% | 240,000 | 257,064 | |
NRG Energy, Inc. | ||||
01/15/2028 | 5.750% | 15,000 | 15,907 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
NRG Energy, Inc.(a) | ||||
02/15/2029 | 3.375% | 270,000 | 263,992 | |
06/15/2029 | 5.250% | 1,142,000 | 1,214,576 | |
02/15/2031 | 3.625% | 650,000 | 633,078 | |
02/15/2032 | 3.875% | 5,545,000 | 5,433,800 | |
Pacific Gas and Electric Co. | ||||
07/01/2050 | 4.950% | 8,380,000 | 9,278,226 | |
PacifiCorp | ||||
02/15/2050 | 4.150% | 2,080,000 | 2,512,579 | |
Pattern Energy Operations LP/Inc.(a) | ||||
08/15/2028 | 4.500% | 132,000 | 136,517 | |
PG&E Corp. | ||||
07/01/2028 | 5.000% | 80,000 | 83,169 | |
07/01/2030 | 5.250% | 649,000 | 678,263 | |
Southern Co. (The) | ||||
07/01/2046 | 4.400% | 3,188,000 | 3,802,252 | |
TerraForm Power Operating LLC(a) | ||||
01/31/2028 | 5.000% | 79,000 | 84,416 | |
01/15/2030 | 4.750% | 494,000 | 512,267 | |
Vistra Operations Co. LLC(a) | ||||
09/01/2026 | 5.500% | 68,000 | 70,003 | |
02/15/2027 | 5.625% | 209,000 | 215,365 | |
07/31/2027 | 5.000% | 712,000 | 729,020 | |
05/01/2029 | 4.375% | 450,000 | 444,295 | |
WEC Energy Group, Inc. | ||||
10/15/2027 | 1.375% | 3,345,000 | 3,249,937 | |
Xcel Energy, Inc. | ||||
06/15/2028 | 4.000% | 1,588,000 | 1,778,687 | |
12/01/2029 | 2.600% | 1,414,000 | 1,457,499 | |
06/01/2030 | 3.400% | 6,370,000 | 6,911,981 | |
Total | 84,671,656 | |||
Environmental 0.2% | ||||
GFL Environmental, Inc.(a) | ||||
06/01/2025 | 4.250% | 262,000 | 270,166 | |
08/01/2025 | 3.750% | 1,266,000 | 1,301,705 | |
12/15/2026 | 5.125% | 407,000 | 426,197 | |
08/01/2028 | 4.000% | 343,000 | 334,997 | |
09/01/2028 | 3.500% | 445,000 | 443,081 | |
06/15/2029 | 4.750% | 749,000 | 756,281 | |
08/15/2029 | 4.375% | 448,000 | 444,352 | |
Waste Pro USA, Inc.(a) | ||||
02/15/2026 | 5.500% | 1,375,000 | 1,361,563 | |
Total | 5,338,342 | |||
Finance Companies 0.7% | ||||
GE Capital International Funding Co. Unlimited Co. | ||||
11/15/2035 | 4.418% | 8,451,000 | 10,290,335 | |
Global Aircraft Leasing Co., Ltd.(a),(l) | ||||
09/15/2024 | 6.500% | 216,909 | 210,509 |
14 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Navient Corp. | ||||
06/15/2022 | 6.500% | 602,000 | 618,915 | |
01/25/2023 | 5.500% | 225,000 | 235,032 | |
06/15/2026 | 6.750% | 235,000 | 259,210 | |
03/15/2028 | 4.875% | 256,000 | 257,040 | |
Provident Funding Associates LP/Finance Corp.(a) | ||||
06/15/2025 | 6.375% | 618,000 | 621,531 | |
Quicken Loans LLC/Co-Issuer, Inc.(a) | ||||
03/01/2029 | 3.625% | 471,000 | 467,631 | |
03/01/2031 | 3.875% | 555,000 | 548,113 | |
Rocket Mortgage LLC/Co-Issuer, Inc.(a) | ||||
10/15/2033 | 4.000% | 7,678,000 | 7,568,598 | |
SLM Corp. | ||||
10/29/2025 | 4.200% | 245,000 | 259,083 | |
Springleaf Finance Corp. | ||||
03/15/2024 | 6.125% | 502,000 | 533,923 | |
03/15/2025 | 6.875% | 181,000 | 202,370 | |
06/01/2025 | 8.875% | 57,000 | 61,649 | |
Total | 22,133,939 | |||
Food and Beverage 2.0% | ||||
Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | ||||
02/01/2046 | 4.900% | 13,543,000 | 17,273,036 | |
Bacardi Ltd.(a) | ||||
05/15/2048 | 5.300% | 8,600,000 | 11,506,417 | |
FAGE International SA/USA Dairy Industry, Inc.(a) | ||||
08/15/2026 | 5.625% | 1,399,000 | 1,434,063 | |
Grupo Bimbo SAB de CV(a) | ||||
06/27/2024 | 3.875% | 971,000 | 1,031,625 | |
JBS USA LUX SA/Food Co./Finance, Inc.(a) | ||||
01/15/2030 | 5.500% | 223,000 | 244,185 | |
12/01/2031 | 3.750% | 362,000 | 370,509 | |
Kraft Heinz Foods Co. | ||||
06/01/2046 | 4.375% | 7,724,000 | 9,015,131 | |
Lamb Weston Holdings, Inc.(a),(j) | ||||
01/31/2030 | 4.125% | 627,000 | 627,734 | |
01/31/2032 | 4.375% | 626,000 | 626,846 | |
MHP SE(a) | ||||
05/10/2024 | 7.750% | 581,000 | 627,493 | |
Mondelez International, Inc. | ||||
04/13/2030 | 2.750% | 4,715,000 | 4,908,852 | |
Performance Food Group, Inc.(a) | ||||
05/01/2025 | 6.875% | 433,000 | 456,989 | |
Pilgrim’s Pride Corp.(a) | ||||
09/30/2027 | 5.875% | 491,000 | 517,499 | |
04/15/2031 | 4.250% | 1,454,000 | 1,534,347 | |
03/01/2032 | 3.500% | 7,550,000 | 7,600,033 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Post Holdings, Inc.(a) | ||||
03/01/2027 | 5.750% | 1,241,000 | 1,287,735 | |
01/15/2028 | 5.625% | 92,000 | 95,990 | |
04/15/2030 | 4.625% | 624,000 | 627,746 | |
09/15/2031 | 4.500% | 832,000 | 816,609 | |
Primo Water Holdings, Inc.(a) | ||||
04/30/2029 | 4.375% | 450,000 | 446,200 | |
Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed(a) | ||||
03/01/2029 | 4.625% | 317,000 | 320,147 | |
Triton Water Holdings, Inc.(a) | ||||
04/01/2029 | 6.250% | 638,000 | 637,568 | |
US Foods, Inc.(a) | ||||
04/15/2025 | 6.250% | 563,000 | 590,910 | |
02/15/2029 | 4.750% | 585,000 | 592,124 | |
Total | 63,189,788 | |||
Gaming 0.4% | ||||
Boyd Gaming Corp.(a) | ||||
06/01/2025 | 8.625% | 47,000 | 50,835 | |
06/15/2031 | 4.750% | 739,000 | 760,783 | |
Boyd Gaming Corp. | ||||
12/01/2027 | 4.750% | 332,000 | 341,962 | |
Caesars Entertainment, Inc.(a) | ||||
10/15/2029 | 4.625% | 996,000 | 1,001,944 | |
CCM Merger, Inc.(a) | ||||
05/01/2026 | 6.375% | 133,000 | 140,012 | |
Colt Merger Sub, Inc.(a) | ||||
07/01/2025 | 5.750% | 428,000 | 449,637 | |
07/01/2025 | 6.250% | 1,442,000 | 1,517,868 | |
07/01/2027 | 8.125% | 646,000 | 723,776 | |
International Game Technology PLC(a) | ||||
02/15/2025 | 6.500% | 568,000 | 631,217 | |
04/15/2026 | 4.125% | 293,000 | 302,717 | |
MGM Growth Properties Operating Partnership LP/Finance Co-Issuer, Inc.(a) | ||||
06/15/2025 | 4.625% | 413,000 | 444,536 | |
02/15/2029 | 3.875% | 130,000 | 137,686 | |
MGM Growth Properties Operating Partnership LP/Finance Co-Issuer, Inc. | ||||
09/01/2026 | 4.500% | 538,000 | 583,749 | |
02/01/2027 | 5.750% | 223,000 | 254,596 | |
Midwest Gaming Borrower LLC(a) | ||||
05/01/2029 | 4.875% | 607,000 | 612,529 | |
Penn National Gaming, Inc.(a) | ||||
07/01/2029 | 4.125% | 373,000 | 365,722 | |
Scientific Games International, Inc.(a) | ||||
07/01/2025 | 8.625% | 182,000 | 196,722 | |
10/15/2025 | 5.000% | 1,979,000 | 2,038,883 | |
03/15/2026 | 8.250% | 819,000 | 869,121 | |
05/15/2028 | 7.000% | 88,000 | 95,064 | |
11/15/2029 | 7.250% | 603,000 | 681,514 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 15 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
VICI Properties LP/Note Co., Inc.(a) | ||||
02/15/2025 | 3.500% | 495,000 | 504,356 | |
12/01/2026 | 4.250% | 358,000 | 371,011 | |
02/15/2027 | 3.750% | 106,000 | 108,929 | |
12/01/2029 | 4.625% | 55,000 | 58,735 | |
08/15/2030 | 4.125% | 85,000 | 89,226 | |
Wynn Las Vegas LLC/Capital Corp.(a) | ||||
03/01/2025 | 5.500% | 137,000 | 139,380 | |
Wynn Resorts Finance LLC/Capital Corp.(a) | ||||
04/15/2025 | 7.750% | 260,000 | 273,938 | |
10/01/2029 | 5.125% | 165,000 | 165,907 | |
Total | 13,912,355 | |||
Health Care 1.3% | ||||
180 Medical, Inc.(a) | ||||
10/15/2029 | 3.875% | 200,000 | 201,253 | |
Acadia Healthcare Co., Inc.(a) | ||||
07/01/2028 | 5.500% | 290,000 | 303,931 | |
04/15/2029 | 5.000% | 499,000 | 509,057 | |
AdaptHealth LLC(a) | ||||
03/01/2030 | 5.125% | 1,020,000 | 1,025,771 | |
Avantor Funding, Inc.(a) | ||||
07/15/2028 | 4.625% | 485,000 | 503,236 | |
11/01/2029 | 3.875% | 1,275,000 | 1,276,695 | |
Becton Dickinson and Co.(b) | ||||
3-month USD LIBOR + 1.030% 06/06/2022 | 1.148% | 4,916,000 | 4,941,360 | |
Becton Dickinson and Co. | ||||
06/06/2024 | 3.363% | 907,000 | 956,339 | |
02/11/2031 | 1.957% | 2,710,000 | 2,625,961 | |
Catalent Pharma Solutions, Inc.(a) | ||||
02/15/2029 | 3.125% | 158,000 | 154,220 | |
04/01/2030 | 3.500% | 382,000 | 379,086 | |
Change Healthcare Holdings LLC/Finance, Inc.(a) | ||||
03/01/2025 | 5.750% | 390,000 | 393,373 | |
Charles River Laboratories International, Inc.(a) | ||||
05/01/2028 | 4.250% | 42,000 | 43,383 | |
03/15/2029 | 3.750% | 215,000 | 217,160 | |
03/15/2031 | 4.000% | 172,000 | 177,989 | |
CHS/Community Health Systems, Inc.(a) | ||||
02/15/2025 | 6.625% | 438,000 | 457,202 | |
03/15/2026 | 8.000% | 392,000 | 414,118 | |
03/15/2027 | 5.625% | 129,000 | 135,025 | |
04/15/2029 | 6.875% | 627,000 | 644,977 | |
CVS Health Corp. | ||||
03/25/2048 | 5.050% | 8,650,000 | 11,377,869 | |
Encompass Health Corp. | ||||
02/01/2028 | 4.500% | 422,000 | 429,674 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
HCA, Inc. | ||||
02/01/2025 | 5.375% | 1,273,000 | 1,416,101 | |
09/01/2028 | 5.625% | 223,000 | 262,257 | |
02/01/2029 | 5.875% | 873,000 | 1,039,075 | |
09/01/2030 | 3.500% | 529,000 | 557,015 | |
Hill-Rom Holdings, Inc.(a) | ||||
09/15/2027 | 4.375% | 274,000 | 284,957 | |
Hologic, Inc.(a) | ||||
02/15/2029 | 3.250% | 170,000 | 168,752 | |
Indigo Merger Sub, Inc.(a) | ||||
07/15/2026 | 2.875% | 281,000 | 283,830 | |
IQVIA, Inc.(a) | ||||
10/15/2026 | 5.000% | 970,000 | 998,089 | |
Jaguar Holding Co. II/PPD Development LP(a) | ||||
06/15/2025 | 4.625% | 1,492,000 | 1,553,449 | |
06/15/2028 | 5.000% | 166,000 | 178,346 | |
Mozart Debt Merger Sub, Inc.(a) | ||||
10/01/2029 | 5.250% | 287,000 | 291,703 | |
Ortho-Clinical Diagnostics, Inc./SA(a) | ||||
06/01/2025 | 7.375% | 104,000 | 109,206 | |
02/01/2028 | 7.250% | 23,000 | 24,500 | |
Radiology Partners, Inc.(a) | ||||
02/01/2028 | 9.250% | 186,000 | 197,226 | |
RP Escrow Issuer LLC(a) | ||||
12/15/2025 | 5.250% | 417,000 | 417,276 | |
Select Medical Corp.(a) | ||||
08/15/2026 | 6.250% | 1,751,000 | 1,832,617 | |
Syneos Health, Inc.(a) | ||||
01/15/2029 | 3.625% | 159,000 | 156,954 | |
Teleflex, Inc.(a) | ||||
06/01/2028 | 4.250% | 386,000 | 396,764 | |
Tenet Healthcare Corp. | ||||
07/15/2024 | 4.625% | 507,000 | 513,693 | |
Tenet Healthcare Corp.(a) | ||||
04/01/2025 | 7.500% | 366,000 | 388,359 | |
01/01/2026 | 4.875% | 220,000 | 226,214 | |
02/01/2027 | 6.250% | 578,000 | 600,315 | |
11/01/2027 | 5.125% | 774,000 | 809,254 | |
06/15/2028 | 4.625% | 69,000 | 71,817 | |
10/01/2028 | 6.125% | 834,000 | 875,869 | |
Total | 40,821,317 | |||
Healthcare Insurance 0.1% | ||||
Centene Corp. | ||||
12/15/2029 | 4.625% | 916,000 | 989,428 | |
10/15/2030 | 3.000% | 752,000 | 764,160 | |
Total | 1,753,588 |
16 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Home Construction 0.1% | ||||
Meritage Homes Corp. | ||||
06/01/2025 | 6.000% | 277,000 | 310,298 | |
Meritage Homes Corp.(a) | ||||
04/15/2029 | 3.875% | 618,000 | 640,206 | |
Shea Homes LP/Funding Corp.(a) | ||||
02/15/2028 | 4.750% | 70,000 | 70,556 | |
04/01/2029 | 4.750% | 346,000 | 349,225 | |
Taylor Morrison Communities, Inc.(a) | ||||
01/15/2028 | 5.750% | 84,000 | 92,439 | |
08/01/2030 | 5.125% | 514,000 | 547,348 | |
Taylor Morrison Communities, Inc./Holdings II(a) | ||||
04/15/2023 | 5.875% | 284,000 | 297,121 | |
TRI Pointe Group, Inc. | ||||
06/15/2028 | 5.700% | 144,000 | 156,575 | |
TRI Pointe Group, Inc./Homes | ||||
06/15/2024 | 5.875% | 143,000 | 157,906 | |
Total | 2,621,674 | |||
Independent Energy 2.2% | ||||
Apache Corp. | ||||
11/15/2025 | 4.625% | 152,000 | 163,698 | |
11/15/2027 | 4.875% | 427,000 | 464,516 | |
01/15/2030 | 4.250% | 1,168,000 | 1,243,582 | |
09/01/2040 | 5.100% | 2,110,000 | 2,363,938 | |
02/01/2042 | 5.250% | 337,000 | 379,326 | |
04/15/2043 | 4.750% | 365,000 | 402,067 | |
01/15/2044 | 4.250% | 193,000 | 198,409 | |
Callon Petroleum Co. | ||||
10/01/2024 | 6.125% | 71,000 | 69,808 | |
07/01/2026 | 6.375% | 920,000 | 883,660 | |
Callon Petroleum Co.(a) | ||||
08/01/2028 | 8.000% | 400,000 | 403,015 | |
Canadian Natural Resources Ltd. | ||||
06/01/2027 | 3.850% | 1,825,000 | 1,979,053 | |
06/30/2033 | 6.450% | 855,000 | 1,114,472 | |
CNX Resources Corp.(a) | ||||
03/14/2027 | 7.250% | 595,000 | 631,818 | |
01/15/2029 | 6.000% | 453,000 | 478,030 | |
Comstock Resources, Inc.(a) | ||||
03/01/2029 | 6.750% | 284,000 | 305,224 | |
01/15/2030 | 5.875% | 286,000 | 297,482 | |
CrownRock LP/Finance, Inc.(a) | ||||
10/15/2025 | 5.625% | 648,000 | 663,096 | |
05/01/2029 | 5.000% | 223,000 | 229,868 | |
Devon Energy Corp.(a) | ||||
06/15/2028 | 5.875% | 67,000 | 73,462 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Endeavor Energy Resources LP/Finance, Inc.(a) | ||||
07/15/2025 | 6.625% | 202,000 | 213,026 | |
01/30/2028 | 5.750% | 213,000 | 223,569 | |
Energuate Trust(a) | ||||
05/03/2027 | 5.875% | 1,810,000 | 1,851,175 | |
EQT Corp. | ||||
10/01/2027 | 3.900% | 706,000 | 752,647 | |
01/15/2029 | 5.000% | 259,000 | 288,082 | |
EQT Corp.(i) | ||||
02/01/2030 | 7.500% | 149,000 | 190,802 | |
EQT Corp.(a) | ||||
05/15/2031 | 3.625% | 321,000 | 328,139 | |
Hilcorp Energy I LP/Finance Co.(a) | ||||
11/01/2028 | 6.250% | 22,000 | 22,571 | |
02/01/2029 | 5.750% | 264,000 | 269,005 | |
02/01/2031 | 6.000% | 282,000 | 289,599 | |
Matador Resources Co. | ||||
09/15/2026 | 5.875% | 627,000 | 647,034 | |
Newfield Exploration Co. | ||||
01/01/2026 | 5.375% | 222,000 | 246,942 | |
Occidental Petroleum Corp. | ||||
07/15/2025 | 8.000% | 213,000 | 251,963 | |
08/15/2029 | 3.500% | 2,060,000 | 2,090,548 | |
09/01/2030 | 6.625% | 896,000 | 1,097,946 | |
01/01/2031 | 6.125% | 2,894,000 | 3,462,185 | |
09/15/2036 | 6.450% | 8,835,000 | 11,259,147 | |
03/15/2040 | 6.200% | 672,000 | 813,078 | |
07/15/2044 | 4.500% | 1,650,000 | 1,665,893 | |
06/15/2045 | 4.625% | 4,150,000 | 4,277,160 | |
03/15/2046 | 6.600% | 12,797,000 | 16,399,378 | |
04/15/2046 | 4.400% | 8,025,000 | 8,122,129 | |
08/15/2049 | 4.400% | 1,272,000 | 1,271,461 | |
SM Energy Co. | ||||
01/15/2027 | 6.625% | 97,000 | 100,210 | |
07/15/2028 | 6.500% | 254,000 | 266,677 | |
Southwestern Energy Co.(a) | ||||
02/01/2029 | 5.375% | 214,000 | 225,306 | |
Total | 68,970,196 | |||
Integrated Energy 0.1% | ||||
Cenovus Energy, Inc. | ||||
07/15/2025 | 5.375% | 197,000 | 221,342 | |
11/15/2039 | 6.750% | 257,000 | 352,602 | |
Lukoil International Finance BV(a) | ||||
04/24/2023 | 4.563% | 971,000 | 1,014,536 | |
Total | 1,588,480 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 17 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Leisure 0.3% | ||||
Carnival Corp.(a) | ||||
03/01/2026 | 7.625% | 358,000 | 377,023 | |
03/01/2027 | 5.750% | 1,129,000 | 1,148,753 | |
08/01/2028 | 4.000% | 926,000 | 925,406 | |
Carnival Corp.(a),(j) | ||||
05/01/2029 | 6.000% | 775,000 | 776,095 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp. | ||||
06/01/2024 | 5.375% | 225,000 | 226,973 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC(a) | ||||
05/01/2025 | 5.500% | 968,000 | 1,006,707 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Operations LLC | ||||
10/01/2028 | 6.500% | 496,000 | 531,615 | |
Cinemark USA, Inc.(a) | ||||
05/01/2025 | 8.750% | 138,000 | 148,013 | |
03/15/2026 | 5.875% | 695,000 | 698,631 | |
07/15/2028 | 5.250% | 339,000 | 330,893 | |
Live Nation Entertainment, Inc.(a) | ||||
11/01/2024 | 4.875% | 47,000 | 47,552 | |
03/15/2026 | 5.625% | 92,000 | 95,450 | |
05/15/2027 | 6.500% | 280,000 | 307,210 | |
10/15/2027 | 4.750% | 272,000 | 277,386 | |
NCL Corp Ltd.(a) | ||||
03/15/2026 | 5.875% | 322,000 | 323,321 | |
NCL Finance Ltd.(a) | ||||
03/15/2028 | 6.125% | 168,000 | 170,552 | |
Royal Caribbean Cruises Ltd.(a) | ||||
06/15/2023 | 9.125% | 146,000 | 158,559 | |
07/01/2026 | 4.250% | 435,000 | 422,013 | |
08/31/2026 | 5.500% | 509,000 | 519,035 | |
04/01/2028 | 5.500% | 570,000 | 579,293 | |
Royal Caribbean Cruises Ltd. | ||||
03/15/2028 | 3.700% | 330,000 | 312,998 | |
Six Flags Entertainment Corp.(a) | ||||
07/31/2024 | 4.875% | 491,000 | 496,960 | |
Six Flags Theme Parks, Inc.(a) | ||||
07/01/2025 | 7.000% | 61,000 | 64,874 | |
Viking Cruises Ltd.(a) | ||||
09/15/2027 | 5.875% | 223,000 | 216,252 | |
Viking Ocean Cruises Ship VII Ltd.(a) | ||||
02/15/2029 | 5.625% | 115,000 | 114,543 | |
VOC Escrow Ltd.(a) | ||||
02/15/2028 | 5.000% | 34,000 | 33,816 | |
Total | 10,309,923 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Life Insurance 0.1% | ||||
Massachusetts Mutual Life Insurance Co.(a) | ||||
Subordinated | ||||
10/15/2070 | 3.729% | 1,556,000 | 1,730,463 | |
Peachtree Corners Funding Trust(a) | ||||
02/15/2025 | 3.976% | 2,100,000 | 2,259,861 | |
Teachers Insurance & Annuity Association of America(a) | ||||
Subordinated | ||||
09/15/2044 | 4.900% | 205,000 | 268,264 | |
Total | 4,258,588 | |||
Lodging 0.0% | ||||
Hilton Domestic Operating Co., Inc.(a) | ||||
05/01/2025 | 5.375% | 61,000 | 63,649 | |
05/01/2028 | 5.750% | 67,000 | 71,991 | |
02/15/2032 | 3.625% | 253,000 | 247,036 | |
Marriott Ownership Resorts, Inc.(a) | ||||
06/15/2029 | 4.500% | 188,000 | 188,723 | |
Wyndham Hotels & Resorts, Inc.(a) | ||||
08/15/2028 | 4.375% | 312,000 | 322,655 | |
Total | 894,054 | |||
Media and Entertainment 0.5% | ||||
Cengage Learning, Inc.(a) | ||||
06/15/2024 | 9.500% | 815,000 | 835,381 | |
Clear Channel International BV(a) | ||||
08/01/2025 | 6.625% | 289,000 | 300,735 | |
Clear Channel Outdoor Holdings, Inc.(a) | ||||
04/15/2028 | 7.750% | 1,033,000 | 1,070,063 | |
06/01/2029 | 7.500% | 632,000 | 647,095 | |
Clear Channel Worldwide Holdings, Inc.(a) | ||||
08/15/2027 | 5.125% | 672,000 | 689,649 | |
Diamond Sports Group LLC/Finance Co.(a) | ||||
08/15/2027 | 6.625% | 85,000 | 25,422 | |
iHeartCommunications, Inc. | ||||
05/01/2026 | 6.375% | 767,634 | 804,176 | |
05/01/2027 | 8.375% | 996,507 | 1,061,280 | |
iHeartCommunications, Inc.(a) | ||||
08/15/2027 | 5.250% | 392,000 | 401,262 | |
01/15/2028 | 4.750% | 275,000 | 277,289 | |
Lamar Media Corp. | ||||
02/15/2028 | 3.750% | 444,000 | 449,506 | |
01/15/2029 | 4.875% | 64,000 | 67,142 | |
Netflix, Inc. | ||||
04/15/2028 | 4.875% | 546,000 | 625,979 | |
11/15/2028 | 5.875% | 749,000 | 912,026 | |
05/15/2029 | 6.375% | 525,000 | 661,128 |
18 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Netflix, Inc.(a) | ||||
11/15/2029 | 5.375% | 167,000 | 201,359 | |
06/15/2030 | 4.875% | 3,306,000 | 3,877,171 | |
Outfront Media Capital LLC/Corp.(a) | ||||
08/15/2027 | 5.000% | 268,000 | 273,279 | |
01/15/2029 | 4.250% | 207,000 | 202,810 | |
03/15/2030 | 4.625% | 144,000 | 143,955 | |
Playtika Holding Corp.(a) | ||||
03/15/2029 | 4.250% | 409,000 | 409,731 | |
Roblox Corp.(a) | ||||
05/01/2030 | 3.875% | 614,000 | 611,779 | |
Scripps Escrow II, Inc.(a) | ||||
01/15/2029 | 3.875% | 78,000 | 77,940 | |
01/15/2031 | 5.375% | 152,000 | 149,040 | |
Scripps Escrow, Inc.(a) | ||||
07/15/2027 | 5.875% | 699,000 | 713,605 | |
Univision Communications, Inc.(a) | ||||
05/01/2029 | 4.500% | 361,000 | 365,038 | |
Total | 15,853,840 | |||
Metals and Mining 0.6% | ||||
Alcoa Nederland Holding BV(a) | ||||
03/31/2029 | 4.125% | 282,000 | 293,342 | |
Allegheny Technologies, Inc. | ||||
10/01/2029 | 4.875% | 161,000 | 160,592 | |
10/01/2031 | 5.125% | 780,000 | 777,561 | |
Commercial Metals Co. | ||||
02/15/2031 | 3.875% | 60,000 | 59,748 | |
Constellium NV(a) | ||||
02/15/2026 | 5.875% | 863,000 | 878,771 | |
Constellium SE(a) | ||||
06/15/2028 | 5.625% | 961,000 | 1,007,393 | |
04/15/2029 | 3.750% | 528,000 | 510,747 | |
Freeport-McMoRan, Inc. | ||||
09/01/2029 | 5.250% | 432,000 | 472,264 | |
08/01/2030 | 4.625% | 512,000 | 553,928 | |
03/15/2043 | 5.450% | 9,314,000 | 11,713,205 | |
Hudbay Minerals, Inc.(a) | ||||
04/01/2026 | 4.500% | 392,000 | 390,878 | |
04/01/2029 | 6.125% | 655,000 | 689,574 | |
Kaiser Aluminum Corp.(a) | ||||
06/01/2031 | 4.500% | 1,028,000 | 1,011,380 | |
Novelis Corp.(a) | ||||
11/15/2026 | 3.250% | 381,000 | 380,846 | |
01/30/2030 | 4.750% | 824,000 | 856,291 | |
08/15/2031 | 3.875% | 459,000 | 448,918 | |
Total | 20,205,438 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Midstream 1.6% | ||||
Cheniere Energy Partners LP | ||||
10/01/2029 | 4.500% | 392,000 | 418,545 | |
Cheniere Energy Partners LP(a) | ||||
03/01/2031 | 4.000% | 409,000 | 425,598 | |
01/31/2032 | 3.250% | 1,328,000 | 1,317,299 | |
Cheniere Energy, Inc. | ||||
10/15/2028 | 4.625% | 593,000 | 622,617 | |
CNX Midstream Partners LP(a) | ||||
04/15/2030 | 4.750% | 671,000 | 671,870 | |
DCP Midstream Operating LP | ||||
03/15/2023 | 3.875% | 48,000 | 49,574 | |
05/15/2029 | 5.125% | 484,000 | 549,209 | |
04/01/2044 | 5.600% | 174,000 | 208,862 | |
Delek Logistics Partners LP/Finance Corp. | ||||
05/15/2025 | 6.750% | 143,000 | 146,232 | |
DT Midstream, Inc.(a) | ||||
06/15/2029 | 4.125% | 469,000 | 472,668 | |
06/15/2031 | 4.375% | 931,000 | 944,879 | |
Enterprise Products Operating LLC | ||||
01/31/2060 | 3.950% | 1,055,000 | 1,155,637 | |
EQM Midstream Partners LP(a) | ||||
07/01/2025 | 6.000% | 157,000 | 171,008 | |
07/01/2027 | 6.500% | 417,000 | 464,017 | |
01/15/2029 | 4.500% | 315,000 | 324,024 | |
01/15/2031 | 4.750% | 1,138,000 | 1,178,318 | |
Galaxy Pipeline Assets Bidco Ltd.(a) | ||||
09/30/2040 | 3.250% | 950,000 | 946,635 | |
Hess Midstream Operations LP(a) | ||||
02/15/2030 | 4.250% | 202,000 | 202,109 | |
Holly Energy Partners LP/Finance Corp.(a) | ||||
02/01/2028 | 5.000% | 722,000 | 723,893 | |
ITT Holdings LLC(a) | ||||
08/01/2029 | 6.500% | 324,000 | 324,816 | |
Kinder Morgan, Inc. | ||||
02/15/2046 | 5.050% | 4,250,000 | 5,166,978 | |
MPLX LP | ||||
04/15/2048 | 4.700% | 2,850,000 | 3,339,641 | |
NuStar Logistics LP | ||||
10/01/2025 | 5.750% | 1,237,000 | 1,324,466 | |
06/01/2026 | 6.000% | 284,000 | 302,909 | |
04/28/2027 | 5.625% | 165,000 | 173,633 | |
10/01/2030 | 6.375% | 604,000 | 662,071 | |
Plains All American Pipeline LP/Finance Corp. | ||||
06/15/2044 | 4.700% | 9,075,000 | 9,813,481 | |
Rockpoint Gas Storage Canada Ltd.(a) | ||||
03/31/2023 | 7.000% | 184,000 | 184,683 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 19 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Sunoco LP/Finance Corp. | ||||
04/15/2027 | 6.000% | 239,000 | 250,409 | |
Targa Resources Partners LP/Finance Corp. | ||||
04/15/2026 | 5.875% | 371,000 | 388,087 | |
02/01/2027 | 5.375% | 376,000 | 389,177 | |
01/15/2028 | 5.000% | 577,000 | 606,890 | |
01/15/2029 | 6.875% | 43,000 | 48,160 | |
03/01/2030 | 5.500% | 1,091,000 | 1,199,583 | |
02/01/2031 | 4.875% | 1,635,000 | 1,763,038 | |
Targa Resources Partners LP/Finance Corp.(a) | ||||
01/15/2032 | 4.000% | 3,033,000 | 3,128,586 | |
TransMontaigne Partners LP/TLP Finance Corp. | ||||
02/15/2026 | 6.125% | 279,000 | 284,249 | |
Venture Global Calcasieu Pass LLC(a) | ||||
08/15/2029 | 3.875% | 1,211,000 | 1,233,455 | |
08/15/2031 | 4.125% | 631,000 | 653,613 | |
Western Gas Partners LP | ||||
03/01/2048 | 5.300% | 2,500,000 | 2,924,342 | |
08/15/2048 | 5.500% | 2,583,000 | 3,053,913 | |
Williams Companies, Inc. (The) | ||||
09/15/2045 | 5.100% | 1,606,000 | 2,015,345 | |
10/15/2051 | 3.500% | 1,909,000 | 1,953,688 | |
Total | 52,178,207 | |||
Natural Gas 0.4% | ||||
NiSource, Inc. | ||||
05/01/2030 | 3.600% | 3,435,000 | 3,746,264 | |
02/15/2043 | 5.250% | 535,000 | 699,109 | |
05/15/2047 | 4.375% | 6,799,000 | 8,228,790 | |
Sempra Energy | ||||
06/15/2027 | 3.250% | 302,000 | 322,318 | |
Total | 12,996,481 | |||
Oil Field Services 0.0% | ||||
Apergy Corp. | ||||
05/01/2026 | 6.375% | 317,000 | 331,493 | |
Archrock Partners LP/Finance Corp.(a) | ||||
04/01/2028 | 6.250% | 100,000 | 103,892 | |
Nabors Industries Ltd.(a) | ||||
01/15/2026 | 7.250% | 164,000 | 159,945 | |
Transocean Guardian Ltd.(a) | ||||
01/15/2024 | 5.875% | 55,611 | 54,712 | |
Transocean Pontus Ltd.(a) | ||||
08/01/2025 | 6.125% | 31,490 | 31,542 | |
Transocean Sentry Ltd.(a) | ||||
05/15/2023 | 5.375% | 581,709 | 571,453 | |
USA Compression Partners LP/Finance Corp. | ||||
04/01/2026 | 6.875% | 103,000 | 106,415 | |
Total | 1,359,452 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Other Industry 0.0% | ||||
Dycom Industries, Inc.(a) | ||||
04/15/2029 | 4.500% | 420,000 | 427,546 | |
Hillenbrand, Inc. | ||||
03/01/2031 | 3.750% | 333,000 | 328,722 | |
Total | 756,268 | |||
Other REIT 0.2% | ||||
Blackstone Mortgage Trust, Inc.(a) | ||||
01/15/2027 | 3.750% | 825,000 | 820,263 | |
Ladder Capital Finance Holdings LLLP/Corp.(a) | ||||
10/01/2025 | 5.250% | 531,000 | 537,823 | |
02/01/2027 | 4.250% | 372,000 | 373,697 | |
06/15/2029 | 4.750% | 1,287,000 | 1,297,744 | |
Park Intermediate Holdings LLC/Domestic Property/Finance Co-Issuer(a) | ||||
10/01/2028 | 5.875% | 380,000 | 398,971 | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer(a) | ||||
05/15/2029 | 4.875% | 462,000 | 469,015 | |
RHP Hotel Properties LP/Finance Corp.(a) | ||||
02/15/2029 | 4.500% | 232,000 | 230,616 | |
RLJ Lodging Trust LP(a) | ||||
07/01/2026 | 3.750% | 326,000 | 329,298 | |
09/15/2029 | 4.000% | 358,000 | 357,108 | |
Service Properties Trust | ||||
03/15/2024 | 4.650% | 219,000 | 221,079 | |
10/01/2024 | 4.350% | 103,000 | 103,796 | |
12/15/2027 | 5.500% | 135,000 | 141,461 | |
Total | 5,280,871 | |||
Packaging 0.3% | ||||
Ardagh Metal Packaging Finance USA LLC/PLC(a) | ||||
09/01/2029 | 4.000% | 1,110,000 | 1,105,161 | |
Ardagh Packaging Finance PLC/Holdings USA, Inc.(a) | ||||
08/15/2026 | 4.125% | 1,492,000 | 1,522,215 | |
08/15/2027 | 5.250% | 383,000 | 382,092 | |
08/15/2027 | 5.250% | 303,000 | 303,041 | |
Berry Global, Inc.(a) | ||||
02/15/2026 | 4.500% | 296,000 | 300,701 | |
BWAY Holding Co.(a) | ||||
04/15/2024 | 5.500% | 296,000 | 296,304 | |
CANPACK SA/Eastern PA Land Investment Holding LLC(a) | ||||
11/01/2025 | 3.125% | 219,000 | 221,190 | |
Canpack SA/US LLC(a) | ||||
11/15/2029 | 3.875% | 1,209,000 | 1,201,064 | |
Flex Acquisition Co., Inc.(a) | ||||
07/15/2026 | 7.875% | 550,000 | 575,077 | |
LABL, Inc.(a) | ||||
11/01/2028 | 5.875% | 116,000 | 116,933 |
20 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Novolex(a) | ||||
01/15/2025 | 6.875% | 28,000 | 28,237 | |
Trivium Packaging Finance BV(a) | ||||
08/15/2026 | 5.500% | 1,187,000 | 1,234,944 | |
08/15/2027 | 8.500% | 555,000 | 585,692 | |
Total | 7,872,651 | |||
Pharmaceuticals 0.5% | ||||
AbbVie, Inc. | ||||
06/15/2044 | 4.850% | 2,170,000 | 2,733,602 | |
11/21/2049 | 4.250% | 4,075,000 | 4,909,315 | |
Bausch Health Companies, Inc.(a) | ||||
04/15/2025 | 6.125% | 319,000 | 325,136 | |
11/01/2025 | 5.500% | 248,000 | 252,246 | |
04/01/2026 | 9.250% | 1,613,000 | 1,716,237 | |
01/31/2027 | 8.500% | 397,000 | 422,458 | |
08/15/2027 | 5.750% | 608,000 | 636,804 | |
06/01/2028 | 4.875% | 223,000 | 229,630 | |
02/15/2029 | 6.250% | 738,000 | 714,932 | |
02/15/2031 | 5.250% | 523,000 | 470,883 | |
Endo Dac/Finance LLC/Finco, Inc.(a) | ||||
07/31/2027 | 9.500% | 253,000 | 251,214 | |
06/30/2028 | 6.000% | 326,000 | 226,930 | |
Endo Luxembourg Finance Co I Sarl/US, Inc.(a) | ||||
04/01/2029 | 6.125% | 518,000 | 510,195 | |
Grifols Escrow Issuer SA(a) | ||||
10/15/2028 | 4.750% | 398,000 | 404,463 | |
Organon Finance 1 LLC(a) | ||||
04/30/2028 | 4.125% | 1,339,000 | 1,357,132 | |
04/30/2031 | 5.125% | 998,000 | 1,029,342 | |
Par Pharmaceutical, Inc.(a) | ||||
04/01/2027 | 7.500% | 149,000 | 150,318 | |
Total | 16,340,837 | |||
Property & Casualty 0.2% | ||||
Alliant Holdings Intermediate LLC/Co-Issuer(a) | ||||
10/15/2027 | 4.250% | 673,000 | 672,881 | |
10/15/2027 | 6.750% | 1,071,000 | 1,107,991 | |
Alliant Holdings Intermediate LLC/Co-Issuer(a),(j) | ||||
11/01/2029 | 5.875% | 450,000 | 453,227 | |
AssuredPartners, Inc.(a) | ||||
01/15/2029 | 5.625% | 592,000 | 589,353 | |
BroadStreet Partners, Inc.(a) | ||||
04/15/2029 | 5.875% | 1,015,000 | 997,505 | |
MGIC Investment Corp. | ||||
08/15/2028 | 5.250% | 49,000 | 52,143 | |
Radian Group, Inc. | ||||
03/15/2025 | 6.625% | 908,000 | 1,014,044 | |
03/15/2027 | 4.875% | 339,000 | 369,901 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
USI, Inc.(a) | ||||
05/01/2025 | 6.875% | 65,000 | 65,913 | |
Total | 5,322,958 | |||
Railroads 0.1% | ||||
Union Pacific Corp. | ||||
08/15/2059 | 3.950% | 985,000 | 1,189,102 | |
04/06/2071 | 3.799% | 1,235,000 | 1,448,559 | |
Total | 2,637,661 | |||
Restaurants 0.2% | ||||
1011778 BC ULC/New Red Finance, Inc.(a) | ||||
04/15/2025 | 5.750% | 1,123,000 | 1,171,043 | |
01/15/2028 | 3.875% | 884,000 | 881,837 | |
10/15/2030 | 4.000% | 299,000 | 290,059 | |
IRB Holding Corp.(a) | ||||
06/15/2025 | 7.000% | 1,508,000 | 1,597,507 | |
02/15/2026 | 6.750% | 887,000 | 907,737 | |
Papa John’s International, Inc.(a) | ||||
09/15/2029 | 3.875% | 189,000 | 184,776 | |
Yum! Brands, Inc.(a) | ||||
04/01/2025 | 7.750% | 1,070,000 | 1,138,154 | |
Yum! Brands, Inc. | ||||
03/15/2031 | 3.625% | 223,000 | 220,462 | |
Total | 6,391,575 | |||
Retailers 0.2% | ||||
Group 1 Automotive, Inc.(a) | ||||
08/15/2028 | 4.000% | 227,000 | 227,024 | |
Hanesbrands, Inc.(a) | ||||
05/15/2025 | 5.375% | 1,364,000 | 1,420,642 | |
L Brands, Inc.(a) | ||||
07/01/2025 | 9.375% | 28,000 | 34,850 | |
10/01/2030 | 6.625% | 278,000 | 311,087 | |
L Brands, Inc. | ||||
06/15/2029 | 7.500% | 63,000 | 71,181 | |
11/01/2035 | 6.875% | 200,000 | 242,932 | |
LCM Investments Holdings II LLC(a) | ||||
05/01/2029 | 4.875% | 377,000 | 387,076 | |
Lowe’s Companies, Inc. | ||||
05/03/2047 | 4.050% | 3,340,000 | 3,897,626 | |
Macy’s Retail Holdings LLC(a) | ||||
04/01/2029 | 5.875% | 210,000 | 223,869 | |
Penske Automotive Group, Inc. | ||||
09/01/2025 | 3.500% | 36,000 | 36,967 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 21 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
PetSmart, Inc./Finance Corp.(a) | ||||
02/15/2028 | 4.750% | 603,000 | 619,750 | |
02/15/2029 | 7.750% | 135,000 | 146,110 | |
Total | 7,619,114 | |||
Supermarkets 0.1% | ||||
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
03/15/2026 | 7.500% | 76,000 | 81,885 | |
02/15/2028 | 5.875% | 296,000 | 314,873 | |
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(a) | ||||
03/15/2026 | 3.250% | 1,250,000 | 1,271,166 | |
01/15/2027 | 4.625% | 688,000 | 719,838 | |
02/15/2030 | 4.875% | 581,000 | 622,675 | |
Total | 3,010,437 | |||
Technology 1.2% | ||||
Ascend Learning LLC(a) | ||||
08/01/2025 | 6.875% | 612,000 | 622,914 | |
08/01/2025 | 6.875% | 107,000 | 108,889 | |
Black Knight InfoServ LLC(a) | ||||
09/01/2028 | 3.625% | 269,000 | 267,974 | |
Boxer Parent Co., Inc.(a) | ||||
10/02/2025 | 7.125% | 94,000 | 99,727 | |
03/01/2026 | 9.125% | 28,000 | 29,317 | |
Broadcom, Inc.(a) | ||||
04/15/2034 | 3.469% | 5,850,000 | 6,026,033 | |
11/15/2036 | 3.187% | 1,709,000 | 1,677,363 | |
Camelot Finance SA(a) | ||||
11/01/2026 | 4.500% | 189,000 | 195,953 | |
CDK Global, Inc. | ||||
06/01/2027 | 4.875% | 91,000 | 94,711 | |
CDK Global, Inc.(a) | ||||
05/15/2029 | 5.250% | 190,000 | 203,688 | |
Clarivate Science Holdings Corp.(a) | ||||
07/01/2028 | 3.875% | 375,000 | 370,742 | |
07/01/2029 | 4.875% | 809,000 | 805,356 | |
CommScope Technologies LLC(a) | ||||
06/15/2025 | 6.000% | 204,000 | 201,832 | |
Everi Holdings, Inc.(a) | ||||
07/15/2029 | 5.000% | 85,000 | 87,050 | |
Gartner, Inc.(a) | ||||
07/01/2028 | 4.500% | 204,000 | 212,615 | |
06/15/2029 | 3.625% | 287,000 | 288,360 | |
10/01/2030 | 3.750% | 482,000 | 491,309 | |
HealthEquity, Inc.(a) | ||||
10/01/2029 | 4.500% | 649,000 | 656,977 | |
Helios Software Holdings, Inc.(a) | ||||
05/01/2028 | 4.625% | 693,000 | 684,401 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
ION Trading Technologies Sarl(a) | ||||
05/15/2028 | 5.750% | 614,000 | 632,221 | |
Iron Mountain, Inc.(a) | ||||
07/15/2028 | 5.000% | 140,000 | 144,620 | |
09/15/2029 | 4.875% | 62,000 | 64,098 | |
07/15/2030 | 5.250% | 769,000 | 803,828 | |
Logan Merger Sub, Inc.(a) | ||||
09/01/2027 | 5.500% | 747,000 | 748,178 | |
Microchip Technology, Inc. | ||||
09/01/2025 | 4.250% | 488,000 | 507,411 | |
NCR Corp.(a) | ||||
09/01/2027 | 5.750% | 91,000 | 95,627 | |
10/01/2028 | 5.000% | 512,000 | 521,398 | |
04/15/2029 | 5.125% | 883,000 | 903,216 | |
09/01/2029 | 6.125% | 274,000 | 294,521 | |
10/01/2030 | 5.250% | 203,000 | 209,493 | |
Nielsen Finance LLC/Co.(a) | ||||
10/01/2028 | 5.625% | 204,000 | 212,273 | |
07/15/2029 | 4.500% | 373,000 | 364,658 | |
10/01/2030 | 5.875% | 312,000 | 327,369 | |
07/15/2031 | 4.750% | 466,000 | 454,573 | |
NXP BV/Funding LLC/USA, Inc.(a) | ||||
05/01/2030 | 3.400% | 1,090,000 | 1,169,039 | |
Oracle Corp. | ||||
04/01/2050 | 3.600% | 8,695,000 | 8,882,702 | |
03/25/2061 | 4.100% | 2,769,000 | 3,025,832 | |
Plantronics, Inc.(a) | ||||
03/01/2029 | 4.750% | 1,400,000 | 1,288,442 | |
PTC, Inc.(a) | ||||
02/15/2025 | 3.625% | 221,000 | 224,726 | |
Sabre GLBL, Inc.(a) | ||||
04/15/2025 | 9.250% | 108,000 | 124,805 | |
09/01/2025 | 7.375% | 148,000 | 157,580 | |
Shift4 Payments LLC/Finance Sub, Inc.(a) | ||||
11/01/2026 | 4.625% | 362,000 | 376,286 | |
Square, Inc.(a) | ||||
06/01/2026 | 2.750% | 151,000 | 152,779 | |
06/01/2031 | 3.500% | 318,000 | 326,081 | |
Switch Ltd.(a) | ||||
09/15/2028 | 3.750% | 100,000 | 99,551 | |
06/15/2029 | 4.125% | 374,000 | 376,671 | |
Tempo Acquisition LLC/Finance Corp.(a) | ||||
06/01/2025 | 5.750% | 285,000 | 298,362 | |
Tencent Holdings Ltd.(a) | ||||
06/03/2050 | 3.240% | 2,050,000 | 1,976,684 | |
Verscend Escrow Corp.(a) | ||||
08/15/2026 | 9.750% | 739,000 | 783,000 |
22 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
ZoomInfo Technologies LLC/Finance Corp.(a) | ||||
02/01/2029 | 3.875% | 1,026,000 | 1,019,318 | |
Total | 39,690,553 | |||
Transportation Services 0.1% | ||||
Avis Budget Car Rental LLC/Finance, Inc.(a) | ||||
07/15/2027 | 5.750% | 100,000 | 104,538 | |
FedEx Corp. | ||||
04/01/2046 | 4.550% | 3,660,000 | 4,441,274 | |
Total | 4,545,812 | |||
Wireless 1.0% | ||||
Altice France Holding SA(a) | ||||
02/15/2028 | 6.000% | 831,000 | 789,184 | |
Altice France SA(a) | ||||
02/01/2027 | 8.125% | 127,000 | 136,481 | |
01/15/2028 | 5.500% | 1,233,000 | 1,235,931 | |
07/15/2029 | 5.125% | 446,000 | 434,308 | |
10/15/2029 | 5.500% | 798,000 | 782,352 | |
American Tower Corp. | ||||
08/15/2029 | 3.800% | 9,245,000 | 10,164,244 | |
SBA Communications Corp. | ||||
09/01/2024 | 4.875% | 431,000 | 436,383 | |
02/15/2027 | 3.875% | 557,000 | 574,173 | |
SBA Communications Corp.(a) | ||||
02/01/2029 | 3.125% | 3,785,000 | 3,634,388 | |
Sprint Capital Corp. | ||||
03/15/2032 | 8.750% | 310,000 | 462,726 | |
Sprint Corp. | ||||
06/15/2024 | 7.125% | 994,000 | 1,123,018 | |
02/15/2025 | 7.625% | 741,000 | 861,998 | |
03/01/2026 | 7.625% | 485,000 | 582,067 | |
T-Mobile USA, Inc. | ||||
02/15/2026 | 2.250% | 140,000 | 140,794 | |
02/01/2028 | 4.750% | 286,000 | 301,873 | |
02/15/2029 | 2.625% | 572,000 | 566,790 | |
04/15/2030 | 3.875% | 880,000 | 962,687 | |
02/15/2031 | 2.875% | 318,000 | 316,656 | |
04/15/2031 | 3.500% | 630,000 | 653,107 | |
02/15/2041 | 3.000% | 2,350,000 | 2,260,886 | |
T-Mobile USA, Inc.(a) | ||||
04/15/2031 | 3.500% | 3,179,000 | 3,290,555 | |
Vmed O2 UK Financing I PLC(a) | ||||
01/31/2031 | 4.250% | 642,000 | 625,282 | |
07/15/2031 | 4.750% | 1,155,000 | 1,161,148 | |
Total | 31,497,031 |
Corporate Bonds & Notes (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Wirelines 1.6% | ||||
AT&T, Inc. | ||||
09/15/2055 | 3.550% | 6,027,000 | 6,105,458 | |
12/01/2057 | 3.800% | 12,204,000 | 12,823,404 | |
Cablevision Lightpath LLC(a) | ||||
09/15/2028 | 5.625% | 200,000 | 197,830 | |
CenturyLink, Inc. | ||||
03/15/2022 | 5.800% | 459,000 | 465,221 | |
12/01/2023 | 6.750% | 1,148,000 | 1,260,601 | |
04/01/2025 | 5.625% | 527,000 | 566,755 | |
CenturyLink, Inc.(a) | ||||
12/15/2026 | 5.125% | 329,000 | 336,940 | |
02/15/2027 | 4.000% | 338,000 | 339,362 | |
Front Range BidCo, Inc.(a) | ||||
03/01/2027 | 4.000% | 698,000 | 677,778 | |
03/01/2028 | 6.125% | 516,000 | 504,172 | |
Iliad Holding SAS(a) | ||||
10/15/2026 | 6.500% | 637,000 | 656,346 | |
10/15/2028 | 7.000% | 779,000 | 802,441 | |
Lumen Technologies, Inc.(a) | ||||
06/15/2029 | 5.375% | 376,000 | 378,042 | |
Northwest Fiber LLC/Finance Sub, Inc.(a) | ||||
02/15/2028 | 6.000% | 240,000 | 230,284 | |
Verizon Communications, Inc.(a) | ||||
03/15/2032 | 2.355% | 9,218,000 | 9,077,842 | |
Verizon Communications, Inc. | ||||
08/10/2033 | 4.500% | 10,107,000 | 11,929,006 | |
03/22/2061 | 3.700% | 5,012,000 | 5,452,371 | |
Total | 51,803,853 | |||
Total Corporate Bonds & Notes (Cost $836,297,317) | 847,881,734 | |||
Foreign Government Obligations(m),(n) 3.2% | ||||
Belarus 0.0% | ||||
Republic of Belarus International Bond(a) | ||||
02/28/2023 | 6.875% | 660,000 | 662,540 | |
Canada 0.0% | ||||
NOVA Chemicals Corp.(a) | ||||
05/01/2025 | 5.000% | 75,000 | 79,219 | |
06/01/2027 | 5.250% | 445,000 | 467,300 | |
05/15/2029 | 4.250% | 289,000 | 285,697 | |
Total | 832,216 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 23 |
October 31, 2021 (Unaudited)
Foreign Government Obligations(m),(n) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Colombia 0.8% | ||||
Colombia Government International Bond | ||||
04/15/2031 | 3.125% | 8,193,000 | 7,674,915 | |
04/22/2032 | 3.250% | 2,860,000 | 2,674,185 | |
02/26/2044 | 5.625% | 3,000,000 | 3,161,622 | |
06/15/2045 | 5.000% | 3,000,000 | 2,953,120 | |
05/15/2049 | 5.200% | 4,442,000 | 4,468,924 | |
Ecopetrol SA | ||||
04/29/2030 | 6.875% | 4,400,000 | 5,079,157 | |
Total | 26,011,923 | |||
Dominican Republic 0.0% | ||||
Dominican Republic International Bond(a) | ||||
01/25/2027 | 5.950% | 785,000 | 876,125 | |
Egypt 0.0% | ||||
Egypt Government International Bond(a) | ||||
01/31/2047 | 8.500% | 1,015,000 | 936,827 | |
Honduras 0.1% | ||||
Honduras Government International Bond(a) | ||||
03/15/2024 | 7.500% | 1,710,000 | 1,791,151 | |
03/15/2024 | 7.500% | 971,000 | 1,017,081 | |
Total | 2,808,232 | |||
India 0.1% | ||||
Export-Import Bank of India(a) | ||||
01/15/2030 | 3.250% | 2,250,000 | 2,286,695 | |
Indonesia 0.3% | ||||
PT Indonesia Asahan Aluminium Persero(a) | ||||
05/15/2025 | 4.750% | 342,000 | 367,211 | |
05/15/2030 | 5.450% | 1,700,000 | 1,947,667 | |
PT Pertamina Persero(a) | ||||
05/30/2044 | 6.450% | 1,650,000 | 2,191,020 | |
01/21/2050 | 4.175% | 5,280,000 | 5,471,057 | |
Total | 9,976,955 | |||
Mexico 1.0% | ||||
Petroleos Mexicanos | ||||
01/23/2045 | 6.375% | 550,000 | 474,739 | |
09/21/2047 | 6.750% | 17,671,000 | 15,555,603 | |
01/23/2050 | 7.690% | 6,500,000 | 6,210,545 | |
01/28/2060 | 6.950% | 11,185,000 | 9,902,672 | |
Total | 32,143,559 | |||
Qatar 0.2% | ||||
Qatar Government International Bond(a) | ||||
03/14/2049 | 4.817% | 2,400,000 | 3,094,326 |
Foreign Government Obligations(m),(n) (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Qatar Petroleum(a) | ||||
07/12/2031 | 2.250% | 2,788,000 | 2,745,434 | |
Total | 5,839,760 | |||
Romania 0.2% | ||||
Romanian Government International Bond(a) | ||||
05/26/2028 | 2.875% | EUR | 4,100,000 | 5,156,886 |
Russian Federation 0.1% | ||||
Gazprom OAO Via Gaz Capital SA(a) | ||||
02/06/2028 | 4.950% | 1,320,000 | 1,452,682 | |
Saudi Arabia 0.1% | ||||
Saudi Government International Bond(a) | ||||
04/17/2049 | 5.000% | 2,550,000 | 3,191,783 | |
Senegal 0.0% | ||||
Senegal Government International Bond(a) | ||||
05/23/2033 | 6.250% | 855,000 | 880,524 | |
South Africa 0.1% | ||||
Republic of South Africa Government International Bond | ||||
09/30/2029 | 4.850% | 2,300,000 | 2,359,592 | |
Turkey 0.1% | ||||
Turkey Government International Bond | ||||
02/17/2028 | 5.125% | 2,000,000 | 1,880,243 | |
Ukraine 0.0% | ||||
Ukraine Government International Bond(a) | ||||
09/25/2032 | 7.375% | 800,000 | 822,411 | |
United Arab Emirates 0.1% | ||||
Abu Dhabi National Energy Co. PJSC(a) | ||||
01/12/2023 | 3.625% | 264,000 | 273,349 | |
DP World Ltd.(a) | ||||
09/25/2048 | 5.625% | 1,100,000 | 1,344,088 | |
DP World PLC(a) | ||||
07/02/2037 | 6.850% | 1,280,000 | 1,692,401 | |
Total | 3,309,838 | |||
Total Foreign Government Obligations (Cost $102,621,527) | 101,428,791 | |||
Residential Mortgage-Backed Securities - Agency 15.1% | ||||
Federal Home Loan Mortgage Corp.(o) | ||||
12/01/2046 | 3.500% | 7,370,458 | 7,867,732 |
24 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Federal Home Loan Mortgage Corp.(b),(g) | ||||
CMO Series 3922 Class SH | ||||
-1.0 x 1-month USD LIBOR + 5.900% Cap 5.900% 09/15/2041 | 5.810% | 350,105 | 57,379 | |
CMO Series 4097 Class ST | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 08/15/2042 | 5.960% | 784,246 | 168,522 | |
CMO Series 4903 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 08/25/2049 | 5.961% | 14,941,424 | 2,921,775 | |
CMO Series 4979 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 06/25/2048 | 5.961% | 6,229,618 | 1,794,311 | |
CMO STRIPS Series 2012-278 Class S1 | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 09/15/2042 | 5.960% | 1,271,304 | 212,715 | |
CMO STRIPS Series 309 Class S4 | ||||
-1.0 x 1-month USD LIBOR + 5.970% Cap 5.970% 08/15/2043 | 5.880% | 563,947 | 101,766 | |
Federal Home Loan Mortgage Corp.(g) | ||||
CMO Series 4176 Class BI | ||||
03/15/2043 | 3.500% | 1,026,127 | 144,974 | |
Federal Home Loan Mortgage Corp.(f),(g) | ||||
CMO Series 4620 Class AS | ||||
11/15/2042 | 1.628% | 957,846 | 57,975 | |
Federal National Mortgage Association(b) | ||||
6-month USD LIBOR + 1.415% Floor 1.415%, Cap 11.040% 06/01/2032 | 1.665% | 2,737 | 2,750 | |
1-year CMT + 2.305% Floor 2.305%, Cap 10.430% 07/01/2037 | 2.305% | 51,339 | 51,068 | |
Federal National Mortgage Association | ||||
08/01/2034 | 5.500% | 49,576 | 57,442 | |
06/01/2045 | 3.500% | 1,157,003 | 1,239,020 | |
CMO Series 2017-72 Class B | ||||
09/25/2047 | 3.000% | 6,819,308 | 7,110,821 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Federal National Mortgage Association(o) | ||||
10/01/2040- 07/01/2041 | 4.500% | 2,283,310 | 2,534,780 | |
08/01/2043- 02/01/2048 | 4.000% | 13,677,018 | 14,973,135 | |
Federal National Mortgage Association(g) | ||||
CMO Series 2012-118 Class BI | ||||
12/25/2039 | 3.500% | 96,987 | 265 | |
CMO Series 2020-76 Class EI | ||||
11/25/2050 | 2.500% | 15,085,426 | 2,493,675 | |
CMO Series 2021-3 Class TI | ||||
02/25/2051 | 2.500% | 50,981,051 | 8,639,478 | |
Federal National Mortgage Association(b),(g) | ||||
CMO Series 2013-101 Class CS | ||||
-1.0 x 1-month USD LIBOR + 5.900% Cap 5.900% 10/25/2043 | 5.811% | 2,733,805 | 527,556 | |
CMO Series 2014-93 Class ES | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 01/25/2045 | 6.061% | 1,654,497 | 317,564 | |
CMO Series 2016-31 Class VS | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 06/25/2046 | 5.911% | 1,227,030 | 213,853 | |
CMO Series 2016-53 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 08/25/2046 | 5.911% | 4,912,644 | 1,218,621 | |
CMO Series 2016-57 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 08/25/2046 | 5.911% | 11,655,730 | 2,770,833 | |
CMO Series 2017-109 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 01/25/2048 | 6.061% | 5,874,706 | 1,242,770 | |
CMO Series 2017-20 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.100% Cap 6.100% 04/25/2047 | 6.011% | 4,990,798 | 1,178,536 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 25 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2017-54 Class NS | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 07/25/2047 | 6.061% | 4,227,911 | 1,004,524 | |
CMO Series 2017-54 Class SN | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 07/25/2047 | 6.061% | 8,650,834 | 2,112,444 | |
CMO Series 2018-66 Class SM | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 09/25/2048 | 6.111% | 6,006,048 | 1,258,660 | |
CMO Series 2018-67 MS Class MS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 09/25/2048 | 6.111% | 5,048,403 | 934,808 | |
CMO Series 2018-74 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 10/25/2048 | 6.061% | 8,861,595 | 1,745,769 | |
CMO Series 2019-33 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 07/25/2049 | 5.961% | 22,014,217 | 3,982,182 | |
CMO Series 2019-60 Class SH | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 10/25/2049 | 5.961% | 13,282,340 | 3,095,808 | |
CMO Series 2019-67 Class SE | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 11/25/2049 | 5.961% | 11,489,316 | 2,554,524 | |
Freddie Mac REMICS(g) | ||||
CMO Series 5123 Class IG | ||||
08/25/2048 | 2.500% | 16,626,706 | 2,045,888 | |
CMO Series 5152 Class XI | ||||
11/25/2050 | 2.500% | 43,771,074 | 6,348,128 | |
Government National Mortgage Association(b) | ||||
1-year CMT + 1.500% Floor 1.500%, Cap 11.500% 07/20/2025 | 2.250% | 5,547 | 5,694 | |
Government National Mortgage Association(o) | ||||
04/20/2048 | 4.500% | 6,081,217 | 6,518,945 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Government National Mortgage Association(g) | ||||
CMO Series 2014-184 Class CI | ||||
11/16/2041 | 3.500% | 4,367,489 | 394,959 | |
CMO Series 2020-127 Class AI | ||||
08/20/2050 | 3.000% | 32,225,531 | 4,118,101 | |
CMO Series 2020-175 Class KI | ||||
11/20/2050 | 2.500% | 28,591,542 | 4,138,154 | |
CMO Series 2020-191 Class UG | ||||
12/20/2050 | 3.500% | 20,423,540 | 3,136,327 | |
CMO Series 2021-119 Class QI | ||||
07/20/2051 | 3.000% | 24,767,039 | 3,473,713 | |
CMO Series 2021-16 Class KI | ||||
01/20/2051 | 2.500% | 25,070,420 | 3,666,619 | |
CMO Series 2021-89 Class IO | ||||
05/20/2051 | 3.000% | 27,395,280 | 3,943,783 | |
CMO Series 2021-9 Class MI | ||||
01/20/2051 | 2.500% | 23,461,142 | 2,750,296 | |
CMO Series 2021-97 Class IQ | ||||
06/20/2051 | 2.500% | 16,522,943 | 2,187,818 | |
Government National Mortgage Association(b),(g) | ||||
CMO Series 2017-130 Class GS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2047 | 6.114% | 10,527,219 | 2,766,144 | |
CMO Series 2017-130 Class HS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2047 | 6.114% | 5,740,010 | 1,371,627 | |
CMO Series 2017-149 Class BS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 10/20/2047 | 6.114% | 8,038,524 | 1,791,322 | |
CMO Series 2017-163 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 11/20/2047 | 6.114% | 3,720,372 | 757,390 | |
CMO Series 2017-37 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 03/20/2047 | 6.064% | 4,968,075 | 1,158,259 | |
CMO Series 2018-103 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2048 | 6.114% | 5,051,877 | 793,011 |
26 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2018-112 Class LS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 08/20/2048 | 6.114% | 5,806,706 | 972,418 | |
CMO Series 2018-125 Class SK | ||||
-1.0 x 1-month USD LIBOR + 6.250% Cap 6.250% 09/20/2048 | 6.164% | 7,049,990 | 1,372,407 | |
CMO Series 2018-134 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 10/20/2048 | 6.114% | 5,916,407 | 964,723 | |
CMO Series 2018-139 Class SC | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 10/20/2048 | 6.064% | 4,323,275 | 657,608 | |
CMO Series 2018-148 Class SB | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 01/20/2048 | 6.114% | 11,840,971 | 2,713,766 | |
CMO Series 2018-151 Class SA | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 11/20/2048 | 6.064% | 9,967,478 | 1,620,429 | |
CMO Series 2018-89 Class MS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 06/20/2048 | 6.114% | 6,049,547 | 1,225,907 | |
CMO Series 2018-89 Class SM | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 06/20/2048 | 6.114% | 8,142,440 | 1,515,598 | |
CMO Series 2018-91 Class DS | ||||
-1.0 x 1-month USD LIBOR + 6.200% Cap 6.200% 07/20/2048 | 6.114% | 6,072,554 | 965,586 | |
CMO Series 2019-20 Class JS | ||||
-1.0 x 1-month USD LIBOR + 6.000% Cap 6.000% 02/20/2049 | 5.914% | 9,294,971 | 1,617,556 |
Residential Mortgage-Backed Securities - Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2019-5 Class SH | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 01/20/2049 | 6.064% | 6,879,312 | 1,195,612 | |
CMO Series 2019-56 Class SG | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 05/20/2049 | 6.064% | 7,722,028 | 1,244,690 | |
CMO Series 2019-59 Class KS | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 05/20/2049 | 5.964% | 7,474,882 | 1,157,217 | |
CMO Series 2019-85 Class SC | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 07/20/2049 | 6.064% | 6,601,031 | 1,084,705 | |
CMO Series 2019-90 Class SD | ||||
-1.0 x 1-month USD LIBOR + 6.150% 07/20/2049 | 6.064% | 10,631,731 | 1,889,604 | |
CMO Series 2020-21 Class VS | ||||
-1.0 x 1-month USD LIBOR + 6.050% Cap 6.050% 02/20/2050 | 5.964% | 5,236,264 | 804,726 | |
CMO Series 2020-62 Class SG | ||||
-1.0 x 1-month USD LIBOR + 6.150% Cap 6.150% 05/20/2050 | 6.064% | 9,153,068 | 1,485,943 | |
Government National Mortgage Association TBA(j) | ||||
11/18/2051 | 2.500% | 65,000,000 | 66,812,890 | |
Uniform Mortgage-Backed Security TBA(j) | ||||
11/16/2036- 12/13/2051 | 2.500% | 112,000,000 | 115,135,253 | |
11/16/2036- 11/10/2051 | 3.000% | 116,500,000 | 121,707,167 | |
11/10/2051 | 2.000% | 15,000,000 | 14,997,070 | |
11/10/2051 | 4.000% | 14,000,000 | 14,989,816 | |
Total Residential Mortgage-Backed Securities - Agency (Cost $474,561,391) | 482,084,904 | |||
Residential Mortgage-Backed Securities - Non-Agency 35.6% | ||||
510 Asset Backed Trust(a),(f) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
06/25/2061 | 2.116% | 11,064,792 | 10,979,735 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 27 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
American Mortgage Trust(c),(e),(f) | ||||
CMO Series 2093-3 Class 3A | ||||
07/27/2023 | 8.188% | 35 | 21 | |
Angel Oak Mortgage Trust I LLC(a),(f) | ||||
CMO Series 2018-3 Class M1 | ||||
09/25/2048 | 4.421% | 4,795,000 | 4,791,108 | |
Bellemeade Re Ltd.(a),(b) | ||||
CMO Series 2017-1 Class M2 | ||||
1-month USD LIBOR + 3.350% 10/25/2027 | 3.439% | 2,878,794 | 2,885,960 | |
CMO Series 2019-1A Class M1B | ||||
1-month USD LIBOR + 1.750% Floor 1.750% 03/25/2029 | 1.839% | 6,415,930 | 6,424,488 | |
CMO Series 2019-2A Class M1C | ||||
1-month USD LIBOR + 2.000% Floor 2.000% 04/25/2029 | 2.089% | 5,250,000 | 5,263,076 | |
CMO Series 2019-2A Class M2 | ||||
1-month USD LIBOR + 3.100% Floor 3.100% 04/25/2029 | 3.189% | 1,500,000 | 1,517,550 | |
CMO Series 2019-3A Class M1A | ||||
1-month USD LIBOR + 1.100% Floor 1.100% 07/25/2029 | 1.189% | 212,423 | 212,422 | |
CMO Series 2019-3A Class M1B | ||||
1-month USD LIBOR + 1.600% Floor 1.600% 07/25/2029 | 1.689% | 9,200,000 | 9,225,673 | |
CMO Series 2019-4A Class M1C | ||||
1-month USD LIBOR + 2.500% Floor 2.500% 10/25/2029 | 2.589% | 3,727,000 | 3,755,970 | |
CMO Series 2020-2A Class M1B | ||||
1-month USD LIBOR + 3.200% Floor 3.200% 08/26/2030 | 3.289% | 2,058,803 | 2,073,240 | |
CMO Series 2020-3A Class M1B | ||||
1-month USD LIBOR + 2.850% Floor 2.850% 10/25/2030 | 2.939% | 3,000,000 | 3,034,669 | |
CMO Series 2020-3A Class M1C | ||||
1-month USD LIBOR + 3.700% Floor 3.700% 10/25/2030 | 3.789% | 6,900,000 | 7,225,494 | |
CMO Series 2020-4A Class M2A | ||||
1-month USD LIBOR + 2.600% Floor 2.600% 06/25/2030 | 2.689% | 1,533,296 | 1,536,261 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2020-4A Class M2B | ||||
1-month USD LIBOR + 3.600% Floor 3.600% 06/25/2030 | 3.689% | 8,250,000 | 8,314,821 | |
CMO Series 2021-1A Class M1B | ||||
30-day Average SOFR + 2.200% Floor 2.200% 03/25/2031 | 2.210% | 8,300,000 | 8,484,158 | |
CMO Series 2021-2A Class M1B | ||||
30-day Average SOFR + 1.500% Floor 1.500% 06/25/2031 | 1.510% | 8,000,000 | 8,013,641 | |
Subordinated CMO Series 2018-3A Class B1 | ||||
1-month USD LIBOR + 3.900% Floor 3.900% 10/25/2028 | 3.989% | 6,000,000 | 6,133,980 | |
BRAVO Residential Funding Trust(a),(f) | ||||
CMO Series 2019-NQM2 Class A3 | ||||
11/25/2059 | 3.108% | 604,237 | 610,427 | |
CMO Series 2019-NQM2 Class M1 | ||||
11/25/2059 | 3.451% | 1,700,000 | 1,703,277 | |
BVRT Financing Trust(a),(b),(e) | ||||
CMO Series 2020-CRT1 Class M3 | ||||
1-month USD LIBOR + 4.000% 07/10/2032 | 4.077% | 11,000,000 | 11,055,000 | |
CMO Series 2021-3F Class M1 | ||||
30-day Average SOFR + 1.750% Floor 1.750% 07/12/2033 | 1.800% | 14,214,302 | 14,214,302 | |
CMO Series 2021-3F Class M2 | ||||
30-day Average SOFR + 2.900% Floor 2.900% 07/12/2033 | 2.950% | 15,300,000 | 15,300,000 | |
CMO Series 2021-CRT2 Class M1 | ||||
1-month USD LIBOR + 1.750% Floor 1.750% 11/10/2032 | 1.836% | 548,440 | 548,440 | |
CMO Series 2021-CRT3 Class B1 | ||||
30-day Average SOFR + 4.300% Floor 4.300% 01/10/2031 | 4.338% | 10,000,000 | 10,000,000 | |
CMO Series 2021-CRT3 Class M2 | ||||
30-day Average SOFR + 2.050% Floor 2.050% 01/10/2031 | 2.088% | 2,140,000 | 2,140,000 | |
CMO Series 2021-CRT3 Class M3 | ||||
30-day Average SOFR + 3.150% Floor 3.150% 01/10/2031 | 3.188% | 3,100,000 | 3,100,000 |
28 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
BVRT Financing Trust(a),(b),(c),(e) | ||||
CMO Series 2021-2F Class M1 | ||||
30-day Average SOFR + 1.550% Floor 1.550% 01/10/2032 | 1.600% | 876,884 | 876,884 | |
CMO Series 2021-CRT1 Class M2 | ||||
1-month USD LIBOR + 2.250% Floor 2.250% 01/10/2033 | 2.345% | 11,121,962 | 11,177,572 | |
CMO Series 2021-CRT1 Class M3 | ||||
1-month USD LIBOR + 2.750% Floor 3.000% 01/10/2033 | 3.000% | 20,000,000 | 20,125,000 | |
CHL GMSR Issuer Trust(a),(b) | ||||
CMO Series 2018-GT1 Class A | ||||
1-month USD LIBOR + 1.000% 05/25/2023 | 2.839% | 6,600,000 | 6,609,041 | |
CIM Trust(a),(b) | ||||
CMO Series 2018-R6 Class A1 | ||||
1-month USD LIBOR + 1.076% Floor 1.080% 09/25/2058 | 1.162% | 5,915,466 | 5,902,038 | |
Citigroup Mortgage Loan Trust, Inc.(a),(f) | ||||
CMO Series 2014-12 Class 3A1 | ||||
10/25/2035 | 2.706% | 236,678 | 236,580 | |
CMO Series 2015-A Class A4 | ||||
06/25/2058 | 4.250% | 96,334 | 96,944 | |
Citigroup Mortgage Loan Trust, Inc.(a) | ||||
Subordinated CMO Series 2014-C Class B1 | ||||
02/25/2054 | 4.250% | 7,232,492 | 7,325,084 | |
COLT Mortgage Loan Trust(a),(f) | ||||
CMO Series 2021-3 Class A1 | ||||
09/27/2066 | 0.956% | 9,558,087 | 9,548,141 | |
Connecticut Avenue Securities Trust(a),(b) | ||||
CMO Series 2019-HRP1 Class M2 | ||||
1-month USD LIBOR + 2.150% 11/25/2039 | 2.239% | 7,203,839 | 7,253,994 | |
Credit Suisse Mortgage Trust(a),(f) | ||||
CMO Series 2021-NQM1 Class A3 | ||||
05/25/2065 | 1.199% | 3,207,873 | 3,192,717 | |
CSMC Trust(a),(f) | ||||
CMO Series 2020-RPL2 Class A12 | ||||
02/25/2060 | 3.431% | 17,327,887 | 17,733,118 | |
Subordinated CMO Series 2020-RPL3 Class A1 | ||||
03/25/2060 | 2.691% | 4,071,987 | 4,089,104 | |
Deephaven Residential Mortgage Trust(a),(f) | ||||
CMO Series 2020-2 Class M1 | ||||
05/25/2065 | 4.112% | 7,190,000 | 7,316,428 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Eagle Re Ltd.(a),(b) | ||||
CMO Series 2018-1 Class M1 | ||||
1-month USD LIBOR + 1.700% Floor 1.700% 11/25/2028 | 1.789% | 1,376,515 | 1,377,880 | |
CMO Series 2020-2 Class M1B | ||||
1-month USD LIBOR + 4.000% 10/25/2030 | 4.148% | 400,375 | 401,039 | |
CMO Series 2020-2 Class M1C | ||||
1-month USD LIBOR + 4.500% 10/25/2030 | 4.650% | 5,750,000 | 5,784,929 | |
Subordinated CMO Series 2020-1 Class M1B | ||||
1-month USD LIBOR + 1.450% 01/25/2030 | 1.539% | 15,300,000 | 15,196,890 | |
Ellington Financial Mortgage Trust(a),(f) | ||||
CMO Series 2019-2 Class M1 | ||||
11/25/2059 | 3.469% | 2,500,000 | 2,535,753 | |
Fannie Mae Connecticut Avenue Securities(b) | ||||
CMO Series 2014-C03 Class 1M2 | ||||
1-month USD LIBOR + 3.000% Floor 3.000% 07/25/2024 | 3.089% | 11,546,295 | 11,740,367 | |
Federal Home Loan Mortgage Corp. STACR REMIC Trust(a),(b) | ||||
CMO Series 2020-HQA4 Class M2 | ||||
1-month USD LIBOR + 3.150% 09/25/2050 | 3.239% | 3,388,417 | 3,408,798 | |
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes(b) | ||||
CMO Series 2018-DNA1 Class M2 | ||||
1-month USD LIBOR + 1.800% 07/25/2030 | 1.889% | 11,334,433 | 11,398,181 | |
FMC GMSR Issuer Trust(a),(f) | ||||
CMO Series 2020-GT1 Class A | ||||
01/25/2026 | 4.450% | 10,500,000 | 10,560,798 | |
Freddie Mac STACR REMIC Trust(a),(b) | ||||
CMO Series 2020-DNA4 Class M2 | ||||
1-month USD LIBOR + 3.750% Floor 3.750% 08/25/2050 | 3.839% | 4,088,447 | 4,121,773 | |
CMO Series 2021-DNA5 Class M2 | ||||
30-day Average SOFR + 1.650% 01/25/2034 | 1.699% | 4,600,000 | 4,625,760 | |
Subordinated CMO Series 2020-HQA3 Class B1 | ||||
1-month USD LIBOR + 5.750% 07/25/2050 | 5.839% | 7,625,000 | 8,086,438 | |
Freddie Mac STACR Trust(a),(b) | ||||
Subordinated CMO Series 2019-DNA4 Class B1 | ||||
1-month USD LIBOR + 2.700% 10/25/2049 | 2.789% | 8,625,000 | 8,675,690 | |
Subordinated CMO Series 2019-FTR2 Class M2 | ||||
1-month USD LIBOR + 2.150% 11/25/2048 | 2.239% | 7,000,000 | 7,004,356 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 29 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
Freddie Mac Structured Agency Credit Risk Debt Notes(a),(b) | ||||
CMO Series 2020-DNA3 Class M2 | ||||
1-month USD LIBOR + 3.000% 06/25/2050 | 3.089% | 1,248,789 | 1,252,552 | |
CMO Series 2020-HQA5 Class M2 | ||||
30-day Average SOFR + 2.600% 11/25/2050 | 2.649% | 16,500,000 | 16,686,127 | |
Subordinated CMO Series 2020-HQA5 Class B1 | ||||
30-day Average SOFR + 4.000% 11/25/2050 | 4.049% | 8,500,000 | 8,906,412 | |
GCAT LLC(a),(f) | ||||
CMO Series 2021-CM1 Class A1 | ||||
04/25/2065 | 1.469% | 14,436,824 | 14,406,434 | |
Genworth Mortgage Insurance Corp.(a),(b) | ||||
CMO Series 2021-3 Class M1B | ||||
30-day Average SOFR + 2.900% Floor 2.900% 02/25/2034 | 2.950% | 18,000,000 | 18,149,234 | |
Glebe Funding Trust (The)(a),(e) | ||||
CMO Series 2021-1 Class PT | ||||
10/27/2023 | 3.000% | 21,966,382 | 21,938,924 | |
Home Re Ltd.(a),(b) | ||||
CMO Series 2020-1 Class M1C | ||||
1-month USD LIBOR + 4.150% Floor 4.150% 10/25/2030 | 4.239% | 11,550,000 | 11,806,725 | |
Subordinated CMO Series 2019-1 Class B1 | ||||
1-month USD LIBOR + 4.350% 05/25/2029 | 4.439% | 7,323,000 | 7,538,347 | |
Homeward Opportunities Fund Trust(a),(f) | ||||
CMO Series 2020-BPL1 Class A1 | ||||
08/25/2025 | 3.228% | 8,662,516 | 8,838,925 | |
Legacy Mortgage Asset Trust(a),(f) | ||||
CMO Series 2021-GS1 Class A1 | ||||
10/25/2066 | 1.892% | 6,584,418 | 6,599,880 | |
CMO Series 2021-GS2 Class A1 | ||||
04/25/2061 | 1.750% | 5,608,234 | 5,582,794 | |
CMO Series 2021-SL2 Class A | ||||
10/25/2068 | 1.875% | 12,450,713 | 12,393,788 | |
Loan Revolving Advance Investment Trust(a),(b),(c),(e) | ||||
CMO Series 2021-1 Class A1X | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 12/31/2022 | 2.838% | 10,000,000 | 10,000,000 | |
CMO Series 2021-2 Class A1X | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 06/30/2023 | 2.838% | 18,300,000 | 18,300,000 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
LVII Resecuritization Trust(a),(f) | ||||
Subordinated CMO Series 2009-3 Class B3 | ||||
11/25/2037 | 5.777% | 13,320 | 13,274 | |
MFA Trust(a),(f) | ||||
CMO Series 2020-NQM1 Class M1 | ||||
08/25/2049 | 3.071% | 2,800,000 | 2,834,136 | |
CMO Series 2020-NQM2 Class M1 | ||||
04/25/2065 | 3.034% | 12,854,000 | 13,018,828 | |
Mortgage Acquisition Trust I LLC(a),(e) | ||||
CMO Series 2021-1 Class PT | ||||
11/29/2023 | 3.500% | 7,792,095 | 7,801,835 | |
Mortgage Insurance-Linked Notes(a),(b) | ||||
CMO Series 2020-1 Class M1C | ||||
1-month USD LIBOR + 1.750% Floor 1.750% 02/25/2030 | 1.839% | 2,387,788 | 2,378,296 | |
MRA Issuance Trust(a),(b),(c),(e) | ||||
CMO Series 2021-11 Class A1X | ||||
1-month USD LIBOR + 1.150% Floor 1.150% 01/25/2022 | 1.234% | 25,000,000 | 25,000,000 | |
CMO Series 2021-EBO8 Class A1 | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 02/16/2022 | 2.846% | 15,000,000 | 15,000,000 | |
MRA Issuance Trust(a),(b) | ||||
CMO Series 2021-14 Class A1X | ||||
1-month USD LIBOR + 1.250% Floor 1.250% 02/15/2022 | 1.336% | 10,000,000 | 10,003,366 | |
CMO Series 2021-EBO4 Class A1X | ||||
1-month USD LIBOR + 1.750% Floor 1.750% 02/16/2022 | 1.840% | 20,000,000 | 20,008,108 | |
CMO Series 2021-NA1 Class A1X | ||||
1-month USD LIBOR + 1.500% Floor 1.500% 03/08/2022 | 1.600% | 15,000,000 | 15,014,353 | |
New Residential Mortgage LLC(a) | ||||
Subordinated CMO Series 2018-FNT1 Class D | ||||
05/25/2023 | 4.690% | 2,394,488 | 2,396,961 | |
Subordinated CMO Series 2018-FNT1 Class E | ||||
05/25/2023 | 4.890% | 957,795 | 955,998 | |
New Residential Mortgage Loan Trust(a),(f) | ||||
CMO Series 2020-RPL2 Class A1 | ||||
08/25/2025 | 3.578% | 16,188,388 | 16,392,948 | |
New York Mortgage Trust(a),(f) | ||||
CMO Series 2021-BPL1 Class A1 | ||||
05/25/2026 | 2.239% | 8,280,000 | 8,296,119 |
30 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
NRZ Excess Spread-Collateralized Notes(a) | ||||
Series 2020-PLS1 Class A | ||||
12/25/2025 | 3.844% | 4,498,746 | 4,523,154 | |
Oaktown Re II Ltd.(a),(b) | ||||
CMO Series 2018-1A Class M1 | ||||
1-month USD LIBOR + 1.550% 07/25/2028 | 1.639% | 1,032,766 | 1,040,356 | |
Oaktown Re III Ltd.(a),(b) | ||||
CMO Series 2019-1A Class M1A | ||||
1-month USD LIBOR + 1.400% Floor 1.400% 07/25/2029 | 1.489% | 116,746 | 116,767 | |
CMO Series 2019-1A Class M1B | ||||
1-month USD LIBOR + 1.950% Floor 1.950% 07/25/2029 | 2.039% | 5,000,000 | 5,069,032 | |
Oaktown Re Ltd.(a),(b) | ||||
Subordinated CMO Series 2017-1A Class M2 | ||||
1-month USD LIBOR + 4.000% 04/25/2027 | 4.089% | 530,105 | 534,850 | |
Oaktown Re V Ltd.(a),(b) | ||||
CMO Series 2020-2A Class M1B | ||||
1-month USD LIBOR + 3.600% Floor 3.600% 10/25/2030 | 3.689% | 8,600,000 | 8,712,725 | |
Oaktown Re VI Ltd.(a),(b) | ||||
CMO Series 2021-1A Class M1B | ||||
30-day Average SOFR + 2.050% Floor 2.050% 10/25/2033 | 2.099% | 4,000,000 | 4,049,257 | |
OMSR(a) | ||||
CMO Series 2019-PLS1 Class A | ||||
11/25/2024 | 5.069% | 2,922,141 | 2,955,234 | |
OSAT Trust(a),(f) | ||||
CMO Series 2020-RPL1 Class A1 | ||||
12/26/2059 | 3.072% | 5,863,390 | 5,877,941 | |
PMT Credit Risk Transfer Trust(a),(b) | ||||
CMO Series 2019-1R Class A | ||||
1-month USD LIBOR + 2.000% Floor 2.000% 03/27/2024 | 2.088% | 3,720,312 | 3,712,847 | |
Series 2019-2R Class A | ||||
1-month USD LIBOR + 2.750% Floor 2.750% 05/27/2023 | 2.838% | 3,493,355 | 3,460,623 | |
PNMAC GMSR Issuer Trust(a),(b) | ||||
CMO Series 2018-GT1 Class A | ||||
1-month USD LIBOR + 2.850% Floor 2.850% 02/25/2023 | 2.939% | 26,000,000 | 26,060,481 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2018-GT2 Class A | ||||
1-month USD LIBOR + 2.650% 08/25/2025 | 2.739% | 38,450,000 | 38,438,492 | |
Point Securitization Trust(a),(c),(e),(f) | ||||
CMO Series 2021-1 Class A1 | ||||
02/25/2052 | 3.228% | 14,457,215 | 14,457,215 | |
Preston Ridge Partners LLC(a),(f) | ||||
CMO Series 2020-5 Class A1 | ||||
11/25/2025 | 3.104% | 2,791,278 | 2,791,078 | |
Preston Ridge Partners Mortgage(a),(f) | ||||
CMO Series 2021-2 Class A1 | ||||
03/25/2026 | 2.115% | 6,819,488 | 6,830,567 | |
Preston Ridge Partners Mortgage LLC(a),(f) | ||||
CMO Series 2021-3 Class A1 | ||||
04/25/2026 | 1.867% | 18,162,675 | 18,055,533 | |
Preston Ridge Partners Mortgage Trust(a),(f) | ||||
CMO Series 2021-1 Class A1 | ||||
01/25/2026 | 2.115% | 15,612,708 | 15,615,601 | |
CMO Series 2021-7 Class A1 | ||||
08/25/2026 | 1.867% | 8,335,210 | 8,279,844 | |
Preston Ridge Partners Mortgage Trust LLC(a),(f) | ||||
CMO Series 2021-8 Class A1 | ||||
09/25/2026 | 1.743% | 6,973,884 | 6,931,727 | |
Pretium Mortgage Credit Partners I LLC(a),(f) | ||||
CMO Series 2021-NPL2 Class A1 | ||||
06/27/2060 | 1.992% | 10,675,624 | 10,621,770 | |
Pretium Mortgage Credit Partners LLC(a),(f) | ||||
CMO Series 2021-RN2 Class A1 | ||||
07/25/2051 | 1.744% | 7,617,195 | 7,578,628 | |
PRPM LLC(a),(f) | ||||
CMO Series 2020-2 Class A1 | ||||
08/25/2025 | 3.671% | 7,927,112 | 7,941,241 | |
CMO Series 2021-RPL1 Class A1 | ||||
07/25/2051 | 1.319% | 6,040,166 | 5,993,910 | |
Radnor Re Ltd.(a),(b) | ||||
CMO Series 2019-2 Class M1B | ||||
1-month USD LIBOR + 1.750% Floor 1.750% 06/25/2029 | 1.839% | 12,000,000 | 12,017,956 | |
CMO Series 2020-1 Class M1B | ||||
1-month USD LIBOR + 1.450% Floor 1.450% 02/25/2030 | 1.539% | 12,340,000 | 12,309,244 | |
Radnor RE Ltd.(a),(b) | ||||
CMO Series 2021-1 Class M1A | ||||
30-day Average SOFR + 1.650% Floor 1.650% 12/27/2033 | 1.699% | 10,500,000 | 10,540,576 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 31 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-1 Class M1C | ||||
30-day Average SOFR + 2.700% Floor 2.700% 12/27/2033 | 2.749% | 14,000,000 | 14,040,257 | |
Residential Mortgage Loan Trust(a),(f) | ||||
CMO Series 2019-3 Class A3 | ||||
09/25/2059 | 3.044% | 622,579 | 625,482 | |
Saluda Grade Alternative Mortgage Trust(a) | ||||
CMO Series 2020-FIG1 Class A1 | ||||
09/25/2050 | 3.568% | 9,044,899 | 9,094,272 | |
SG Residential Mortgage Trust(a),(f) | ||||
CMO Series 2019-3 Class M1 | ||||
09/25/2059 | 3.526% | 3,801,000 | 3,853,482 | |
Stanwich Mortgage Loan Co. LLC(a),(c),(e),(f) | ||||
CMO Series 2021-NPB1 Class A1 | ||||
10/16/2024 | 2.735% | 13,000,000 | 13,000,000 | |
Starwood Mortgage Residential Trust(a),(f) | ||||
CMO Series 2020-3 Class M1 | ||||
04/25/2065 | 3.544% | 6,500,000 | 6,562,761 | |
CMO Series 2021-3 Class A1 | ||||
06/25/2056 | 1.127% | 3,630,980 | 3,606,342 | |
Station Place Securitization Trust(a),(b) | ||||
Subordinated CMO Series 2021-WL1 Class B | ||||
1-month USD LIBOR + 0.850% Floor 0.850% 01/26/2054 | 0.939% | 6,800,000 | 6,810,938 | |
Subordinated CMO Series 2021-WL1 Class C | ||||
1-month USD LIBOR + 1.050% Floor 1.050% 01/26/2054 | 1.139% | 4,300,000 | 4,306,907 | |
Stonnington Mortgage Trust(a),(e),(f) | ||||
CMO Series 2020-1 Class A | ||||
07/28/2024 | 3.500% | 8,602,587 | 8,602,587 | |
Toorak Mortgage Corp., Ltd.(f) | ||||
CMO Series 2019-2 Class A1 | ||||
09/25/2022 | 3.721% | 5,093,259 | 5,114,945 | |
Toorak Mortgage Corp., Ltd.(a),(f) | ||||
CMO Series 2021-1 Class A1 | ||||
06/25/2024 | 2.240% | 15,000,000 | 15,012,597 | |
Triangle Re Ltd.(a),(b) | ||||
CMO Series 2020-1 Class M1B | ||||
1-month USD LIBOR + 3.900% Floor 3.900% 10/25/2030 | 4.018% | 9,225,000 | 9,273,845 | |
CMO Series 2021-1 Class M1B | ||||
1-month USD LIBOR + 3.000% Floor 3.000% 08/25/2033 | 3.089% | 16,459,474 | 16,541,687 |
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-1 Class M1C | ||||
1-month USD LIBOR + 3.400% Floor 3.400% 08/25/2033 | 3.489% | 7,250,000 | 7,288,235 | |
CMO Series 2021-2 Class M1B | ||||
1-month USD LIBOR + 2.600% Floor 2.600% 10/25/2033 | 2.689% | 8,800,000 | 8,891,792 | |
CMO Series 2021-2 Class M1C | ||||
1-month USD LIBOR + 4.500% Floor 4.500% 10/25/2033 | 4.589% | 4,800,000 | 5,020,418 | |
VCAT Asset Securitization LLC(a),(f) | ||||
CMO Series 2021-NPL6 Class A1 | ||||
09/25/2051 | 1.917% | 12,171,632 | 12,143,169 | |
VCAT LLC(a),(f) | ||||
CMO Series 2021-NPL5 Class A1 | ||||
08/25/2051 | 1.868% | 14,106,800 | 14,069,775 | |
Vericrest Opportunity Loan Transferee(a),(f) | ||||
CMO Series 2021-NPL7 Class A1 | ||||
04/25/2051 | 2.116% | 6,806,076 | 6,802,541 | |
Vericrest Opportunity Loan Transferee XCIX LLC(a),(f) | ||||
CMO Series 2021-NPL8 Class A1 | ||||
04/25/2051 | 2.116% | 6,641,396 | 6,627,652 | |
Vericrest Opportunity Loan Transferee XCVI LLC(a),(f) | ||||
CMO Series 2021-NPL5 Class A1 | ||||
03/27/2051 | 2.116% | 8,960,518 | 8,939,578 | |
Verus Securitization Trust(a),(f) | ||||
CMO Series 2020-1 Class M1 | ||||
01/25/2060 | 3.021% | 13,245,000 | 13,430,547 | |
CMO Series 2020-4 Class M1 | ||||
06/25/2065 | 3.291% | 4,000,000 | 4,072,750 | |
CMO Series 2020-NPL1 Class A1 | ||||
08/25/2050 | 3.598% | 4,012,851 | 4,017,085 | |
CMO Series 2021-5 Class A2 | ||||
09/25/2066 | 1.218% | 2,821,959 | 2,809,018 | |
CMO Series 2021-5 Class A3 | ||||
09/25/2066 | 1.373% | 5,343,120 | 5,313,884 | |
CMO Series 2021-5 Class M1 | ||||
09/25/2066 | 2.331% | 2,600,000 | 2,570,997 | |
CMO Series 2021-R1 Class A1 | ||||
10/25/2063 | 0.820% | 4,449,951 | 4,416,565 | |
Visio Trust(a),(f) | ||||
CMO Series 2019-2 Class A3 | ||||
11/25/2054 | 3.076% | 2,189,845 | 2,228,956 | |
Visio Trust(a) | ||||
CMO Series 2021-1R Class A1 | ||||
05/25/2056 | 1.280% | 12,493,950 | 12,478,188 |
32 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued) | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
CMO Series 2021-1R Class A2 | ||||
05/25/2056 | 1.484% | 3,956,418 | 3,951,378 | |
ZH Trust(a) | ||||
CMO Series 2021-1 Class A | ||||
02/18/2027 | 2.253% | 7,750,000 | 7,742,292 | |
Total Residential Mortgage-Backed Securities - Non-Agency (Cost $1,128,101,377) | 1,140,236,945 | |||
Senior Loans 0.1% | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
Chemicals 0.0% | ||||
WR Grace & Co.(b),(p) | ||||
Term Loan | ||||
1-month USD LIBOR + 3.750% Floor 0.500% 09/22/2028 | 4.250% | 525,000 | 526,181 | |
Consumer Cyclical Services 0.0% | ||||
8th Avenue Food & Provisions, Inc.(b),(p) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 3.750% 10/01/2025 | 3.838% | 119,106 | 118,436 | |
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.750% 10/01/2026 | 7.838% | 32,969 | 32,612 | |
Total | 151,048 | |||
Consumer Products 0.1% | ||||
SWF Holdings I Corp.(b),(p) | ||||
1st Lien Term Loan | ||||
1-month USD LIBOR + 4.000% Floor 0.750% 10/06/2028 | 4.750% | 1,050,000 | 1,040,813 | |
Food and Beverage 0.0% | ||||
BellRing Brands LLC(b),(p) | ||||
Term Loan | ||||
1-month USD LIBOR + 4.000% Floor 0.750% 10/21/2024 | 4.750% | 87,136 | 87,419 | |
Health Care 0.0% | ||||
Radiology Partners, Inc.(b),(p) | ||||
Tranche B 1st Lien Term Loan | ||||
1-month USD LIBOR + 4.250% 07/09/2025 | 4.335% | 84,000 | 83,860 |
Senior Loans (continued) | ||||
Borrower | Coupon Rate | Principal Amount ($) | Value ($) | |
Media and Entertainment 0.0% | ||||
Cengage Learning, Inc.(b),(p),(q) | ||||
Tranche B 1st Lien Term Loan | ||||
1-month USD LIBOR + 4.750% Floor 1.000% 07/14/2026 | 5.750% | 719,955 | 723,180 | |
Technology 0.0% | ||||
Ascend Learning LLC(b),(p) | ||||
Term Loan | ||||
1-month USD LIBOR + 3.000% Floor 1.000% 07/12/2024 | 4.000% | 57,304 | 57,233 | |
DCert Buyer, Inc.(b),(p) | ||||
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.000% 02/19/2029 | 7.087% | 404,000 | 406,957 | |
Epicore Software Corp.(b),(p) | ||||
2nd Lien Term Loan | ||||
1-month USD LIBOR + 7.750% Floor 1.000% 07/31/2028 | 8.750% | 106,000 | 108,677 | |
Project Alpha Intermediate Holding, Inc.(b),(p) | ||||
Term Loan | ||||
1-month USD LIBOR + 4.000% 04/26/2024 | 4.090% | 96,979 | 96,817 | |
Total | 669,684 | |||
Total Senior Loans (Cost $3,270,309) | 3,282,185 | |||
U.S. Treasury Obligations 0.4% | ||||
Issuer | Coupon Rate | Principal Amount ($) | Value ($) | |
U.S. Treasury | ||||
08/15/2027 | 2.250% | 6,872,500 | 7,230,085 | |
08/15/2048 | 3.000% | 4,590,000 | 5,601,951 | |
Total U.S. Treasury Obligations (Cost $11,354,669) | 12,832,036 |
Options Purchased Calls 0.0% | ||||
Value ($) | ||||
(Cost $4,558,110) | 714,278 | |||
Options Purchased Puts 0.4% | ||||
(Cost $7,210,370) | 11,808,261 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 33 |
October 31, 2021 (Unaudited)
Money Market Funds 4.5% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.072%(r),(s) | 145,873,343 | 145,858,756 |
Total Money Market Funds (Cost $145,841,459) | 145,858,756 | |
Total Investments in Securities (Cost: $3,480,461,490) | 3,513,886,391 | |
Other Assets & Liabilities, Net | (312,500,353) | |
Net Assets | 3,201,386,038 |
Forward foreign currency exchange contracts | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
4,490,000 EUR | 5,210,941 USD | UBS | 11/19/2021 | 18,797 | — |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
U.S. Treasury 10-Year Note | 9,171 | 12/2021 | USD | 1,198,678,359 | — | (21,242,483) |
U.S. Treasury 2-Year Note | 387 | 12/2021 | USD | 84,849,750 | — | (354,439) |
U.S. Treasury 5-Year Note | 1,141 | 12/2021 | USD | 138,916,750 | — | (2,034,745) |
U.S. Ultra Treasury Bond | 303 | 12/2021 | USD | 59,511,094 | — | (494,729) |
Total | — | (24,126,396) |
Call option contracts purchased | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Cost ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA | Citi | USD | 180,500,000 | 180,500,000 | 1.00 | 01/21/2022 | 1,534,250 | 158,930 |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA | Citi | USD | 151,400,000 | 151,400,000 | 1.10 | 01/24/2022 | 1,392,880 | 231,400 |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA | Citi | USD | 30,000,000 | 30,000,000 | 1.00 | 07/08/2022 | 306,000 | 125,409 |
10-Year OTC interest rate swap with Morgan Stanley to receive exercise rate and pay 3-Month USD LIBOR BBA | Morgan Stanley | USD | 129,900,000 | 129,900,000 | 1.10 | 01/24/2022 | 1,324,980 | 198,539 |
Total | 4,558,110 | 714,278 |
34 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Put option contracts purchased | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Cost ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive 3-Month USD LIBOR BBA and pay exercise rate | Citi | USD | 150,000,000 | 150,000,000 | 1.25 | 12/03/2021 | 2,325,000 | 4,810,620 |
10-Year OTC interest rate swap with Citi to receive 3-Month USD LIBOR BBA and pay exercise rate | Citi | USD | 129,400,000 | 129,400,000 | 1.75 | 07/15/2022 | 2,238,620 | 2,796,606 |
10-Year OTC interest rate swap with Morgan Stanley to receive 3-Month USD LIBOR BBA and pay exercise rate | Morgan Stanley | USD | 90,000,000 | 90,000,000 | 1.25 | 11/18/2021 | 1,098,000 | 2,771,082 |
5-Year OTC interest rate swap with Morgan Stanley to receive 3-Month USD LIBOR BBA and pay exercise rate | Morgan Stanley | USD | 147,500,000 | 147,500,000 | 1.50 | 05/20/2022 | 1,548,750 | 1,429,953 |
Total | 7,210,370 | 11,808,261 |
Put option contracts written | ||||||||
Description | Counterparty | Trading currency | Notional amount | Number of contracts | Exercise price/Rate | Expiration date | Premium received ($) | Value ($) |
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA | Citi | USD | (120,000,000) | (120,000,000) | 2.20 | 03/17/2022 | (2,244,000) | (451,824) |
Cleared interest rate swap contracts | |||||||||||
Fund receives | Fund pays | Payment frequency | Counterparty | Maturity date | Notional currency | Notional amount | Value ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Fixed rate of 2.372% | U.S. CPI Urban Consumers NSA | Receives at Maturity, Pays At Maturity | Morgan Stanley | 02/17/2031 | USD | 28,674,648 | (2,268,891) | — | — | — | (2,268,891) |
Fixed rate of 2.653% | U.S. CPI Urban Consumers NSA | Receives at Maturity, Pays At Maturity | Morgan Stanley | 05/14/2031 | USD | 49,000,000 | (2,103,952) | — | — | — | (2,103,952) |
Total | (4,372,843) | — | — | — | (4,372,843) |
Credit default swap contracts - buy protection | ||||||||||||
Reference entity | Counterparty | Maturity date | Pay fixed rate (%) | Payment frequency | Notional currency | Notional amount | Value ($) | Periodic payments receivable (payable) ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | USD | 8,000,000 | 718,749 | (3,333) | 336,027 | — | 379,389 | — |
Markit CMBX North America Index, Series 11 BBB- | JPMorgan | 11/18/2054 | 3.000 | Monthly | USD | 1,700,000 | 82,609 | (708) | 59,887 | — | 22,014 | — |
Markit CMBX North America Index, Series 11 BBB- | Morgan Stanley | 11/17/2059 | 3.000 | Monthly | USD | 1,000,000 | 89,845 | (417) | 60,086 | — | 29,342 | — |
Total | 891,203 | (4,458) | 456,000 | — | 430,745 | — |
Cleared credit default swap contracts - buy protection | |||||||||||
Reference entity | Counterparty | Maturity date | Pay fixed rate (%) | Payment frequency | Notional currency | Notional amount | Value ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CDX North America High Yield Index, Series 37 | Morgan Stanley | 12/20/2026 | 5.000 | Quarterly | USD | 202,212,000 | 150,396 | — | — | 150,396 | — |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 35 |
October 31, 2021 (Unaudited)
Credit default swap contracts - sell protection | |||||||||||||
Reference entity | Counterparty | Maturity date | Receive fixed rate (%) | Payment frequency | Implied credit spread (%)* | Notional currency | Notional amount | Value ($) | Periodic payments receivable (payable) ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Markit CMBX North America Index, Series 10 BBB- | Citi | 11/17/2059 | 3.000 | Monthly | 5.093 | USD | 4,000,000 | (359,376) | 1,667 | — | (900,391) | 542,682 | — |
Markit CMBX North America Index, Series 10 BBB- | Citi | 11/17/2059 | 3.000 | Monthly | 5.093 | USD | 7,000,000 | (628,907) | 2,917 | — | (864,524) | 238,534 | — |
Markit CMBX North America Index, Series 10 BBB- | Citi | 11/17/2059 | 3.000 | Monthly | 5.093 | USD | 5,000,000 | (449,219) | 2,083 | — | (614,537) | 167,401 | — |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | 5.093 | USD | 5,000,000 | (449,219) | 2,083 | — | (1,114,578) | 667,442 | — |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | 5.093 | USD | 6,000,000 | (539,063) | 2,500 | — | (965,449) | 428,886 | — |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | 5.093 | USD | 5,000,000 | (449,218) | 2,083 | — | (863,389) | 416,254 | — |
Markit CMBX North America Index, Series 10 BBB- | JPMorgan | 11/17/2059 | 3.000 | Monthly | 5.093 | USD | 5,000,000 | (449,218) | 2,083 | — | (831,391) | 384,256 | — |
Markit CMBX North America Index, Series 11 BBB- | JPMorgan | 11/18/2054 | 3.000 | Monthly | 3.948 | USD | 3,000,000 | (145,781) | 1,250 | — | (453,077) | 308,546 | — |
Markit CMBX North America Index, Series 10 BBB- | Morgan Stanley | 11/17/2059 | 3.000 | Monthly | 5.093 | USD | 7,000,000 | (628,907) | 2,917 | — | (1,555,921) | 929,931 | — |
Markit CMBX North America Index, Series 10 BBB- | Morgan Stanley | 11/17/2059 | 3.000 | Monthly | 5.093 | USD | 5,000,000 | (449,218) | 2,083 | — | (1,008,726) | 561,591 | — |
Markit CMBX North America Index, Series 10 BBB- | Morgan Stanley | 11/17/2059 | 3.000 | Monthly | 5.093 | USD | 7,000,000 | (628,907) | 2,917 | — | (1,163,948) | 537,958 | — |
Markit CMBX North America Index, Series 10 BBB- | Morgan Stanley | 11/17/2059 | 3.000 | Monthly | 5.093 | USD | 3,000,000 | (269,532) | 1,250 | — | (587,341) | 319,059 | — |
Markit CMBX North America Index, Series 12 BBB- | Morgan Stanley | 08/17/2061 | 3.000 | Monthly | 3.882 | USD | 7,500,000 | (379,688) | 3,125 | — | (361,218) | — | (15,345) |
Total | (5,826,253) | 28,958 | — | (11,284,490) | 5,502,540 | (15,345) |
* | Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
Reference index and values for swap contracts as of period end | ||
Reference index | Reference rate | |
U.S. CPI Urban Consumers NSA | United States Consumer Price All Urban Non-Seasonally Adjusted Index | 6.222% |
36 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
(a) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At October 31, 2021, the total value of these securities amounted to $2,217,454,888, which represents 69.27% of total net assets. |
(b) | Variable rate security. The interest rate shown was the current rate as of October 31, 2021. |
(c) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2021, the total value of these securities amounted to $147,130,755, which represents 4.60% of total net assets. |
(d) | Security represents a pool of loans that generate cash payments generally over fixed periods of time. Such securities entitle the security holders to receive distributions (i.e. principal and interest, net of fees and expenses) that are tied to the payments made by the borrower on the underlying loans. Due to the structure of the security the cash payments received are not known until the time of payment. The interest rate shown is the stated coupon rate as of October 31, 2021 and is not reflective of the cash flow payments. |
(e) | Valuation based on significant unobservable inputs. |
(f) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of October 31, 2021. |
(g) | Represents interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans. |
(h) | Non-income producing investment. |
(i) | 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 October 31, 2021. |
(j) | Represents a security purchased on a when-issued basis. |
(k) | Represents securities that have defaulted on payment of interest. The Fund has stopped accruing interest on these securities. At October 31, 2021, the total value of these securities amounted to $41,069, which represents less than 0.01% of total net assets. |
(l) | Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash. |
(m) | Principal amounts are denominated in United States Dollars unless otherwise noted. |
(n) | Principal and interest may not be guaranteed by a governmental entity. |
(o) | This security or a portion of this security has been pledged as collateral in connection with derivative contracts. |
(p) | The stated interest rate represents the weighted average interest rate at October 31, 2021 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. These base lending rates are primarily the LIBOR and other short-term rates. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. |
(q) | Represents a security purchased on a forward commitment basis. |
(r) | The rate shown is the seven-day current annualized yield at October 31, 2021. |
(s) | 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 October 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.072% | ||||||||
167,900,915 | 852,883,054 | (874,925,213) | — | 145,858,756 | — | 39,145 | 145,873,343 |
CMO | Collateralized Mortgage Obligation |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
STRIPS | Separate Trading of Registered Interest and Principal Securities |
TBA | To Be Announced |
EUR | Euro |
USD | US Dollar |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 37 |
October 31, 2021 (Unaudited)
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Asset-Backed Securities — Non-Agency | — | 507,648,350 | 21,251,205 | 528,899,555 |
Commercial Mortgage-Backed Securities - Agency | — | 9,163,173 | — | 9,163,173 |
Commercial Mortgage-Backed Securities - Non-Agency | — | 227,509,686 | — | 227,509,686 |
Common Stocks | ||||
Financials | 198,069 | — | — | 198,069 |
Industrials | 68,887 | — | — | 68,887 |
Total Common Stocks | 266,956 | — | — | 266,956 |
Convertible Bonds | — | 1,919,131 | — | 1,919,131 |
Corporate Bonds & Notes | — | 847,840,665 | 41,069 | 847,881,734 |
Foreign Government Obligations | — | 101,428,791 | — | 101,428,791 |
Residential Mortgage-Backed Securities - Agency | — | 482,084,904 | — | 482,084,904 |
Residential Mortgage-Backed Securities - Non-Agency | — | 917,599,165 | 222,637,780 | 1,140,236,945 |
Senior Loans | — | 3,282,185 | — | 3,282,185 |
U.S. Treasury Obligations | 12,832,036 | — | — | 12,832,036 |
Options Purchased Calls | — | 714,278 | — | 714,278 |
Options Purchased Puts | — | 11,808,261 | — | 11,808,261 |
Money Market Funds | 145,858,756 | — | — | 145,858,756 |
Total Investments in Securities | 158,957,748 | 3,110,998,589 | 243,930,054 | 3,513,886,391 |
Investments in Derivatives | ||||
Asset | ||||
Forward Foreign Currency Exchange Contracts | — | 18,797 | — | 18,797 |
Swap Contracts | — | 6,083,681 | — | 6,083,681 |
38 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Liability | ||||
Futures Contracts | (24,126,396) | — | — | (24,126,396) |
Options Contracts Written | — | (451,824) | — | (451,824) |
Swap Contracts | — | (4,388,188) | — | (4,388,188) |
Total | 134,831,352 | 3,112,261,055 | 243,930,054 | 3,491,022,461 |
Balance as of 04/30/2021 ($) | Increase (decrease) in accrued discounts/ premiums ($) | Realized gain (loss) ($) | Change in unrealized appreciation (depreciation)(a) ($) | Purchases ($) | Sales ($) | Transfers into Level 3 ($) | Transfers out of Level 3 ($) | Balance as of 10/31/2021 ($) | |
Asset-Backed Securities — Non-Agency | 9,110,923 | (1,728,053) | 2 | 1,423,037 | 18,049,722 | (5,604,426) | — | — | 21,251,205 |
Common Stocks | — | — | — | — | — | — | — | — | — |
Corporate Bonds & Notes | 41,069 | — | — | — | — | — | — | — | 41,069 |
Residential Mortgage-Backed Securities — Non-Agency | 113,532,969 | (1,908) | — | 277,888 | 139,750,155 | (32,671,454) | 26,750,000 | (24,999,870) | 222,637,780 |
Total | 122,684,961 | (1,729,961) | 2 | 1,700,925 | 157,799,877 | (38,275,880) | 26,750,000 | (24,999,870) | 243,930,054 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 39 |
October 31, 2021 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $3,322,851,551) | $3,355,505,096 |
Affiliated issuers (cost $145,841,459) | 145,858,756 |
Options purchased (cost $11,768,480) | 12,522,539 |
Foreign currency (cost $137,354) | 136,264 |
Cash collateral held at broker for: | |
Swap contracts | 2,520,000 |
Margin deposits on: | |
Swap contracts | 14,184,590 |
Unrealized appreciation on forward foreign currency exchange contracts | 18,797 |
Unrealized appreciation on swap contracts | 5,933,285 |
Upfront payments on swap contracts | 456,000 |
Receivable for: | |
Investments sold | 1,977,404 |
Investments sold on a delayed delivery basis | 87,138,086 |
Capital shares sold | 10,568,085 |
Dividends | 4,672 |
Interest | 13,648,965 |
Foreign tax reclaims | 47,789 |
Variation margin for futures contracts | 257,015 |
Variation margin for swap contracts | 748,748 |
Expense reimbursement due from Investment Manager | 10,269 |
Prepaid expenses | 25,494 |
Trustees’ deferred compensation plan | 398,516 |
Other assets | 41,539 |
Total assets | 3,652,001,909 |
Liabilities | |
Option contracts written, at value (premiums received $2,244,000) | 451,824 |
Due to custodian | 331,142 |
Unrealized depreciation on swap contracts | 15,345 |
Upfront receipts on swap contracts | 11,284,490 |
Payable for: | |
Investments purchased | 1,988,785 |
Investments purchased on a delayed delivery basis | 426,397,198 |
Capital shares purchased | 3,410,131 |
Distributions to shareholders | 5,540,335 |
Variation margin for futures contracts | 429,891 |
Management services fees | 41,768 |
Distribution and/or service fees | 6,155 |
Transfer agent fees | 221,580 |
Compensation of board members | 16,693 |
Compensation of chief compliance officer | 38 |
Other expenses | 81,980 |
Trustees’ deferred compensation plan | 398,516 |
Total liabilities | 450,615,871 |
Net assets applicable to outstanding capital stock | $3,201,386,038 |
Represented by | |
Paid in capital | 3,171,460,854 |
Total distributable earnings (loss) | 29,925,184 |
Total - representing net assets applicable to outstanding capital stock | $3,201,386,038 |
40 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Class A | |
Net assets | $805,169,252 |
Shares outstanding | 21,496,939 |
Net asset value per share | $37.46 |
Maximum sales charge | 3.00% |
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $38.62 |
Advisor Class | |
Net assets | $213,457,302 |
Shares outstanding | 5,706,131 |
Net asset value per share | $37.41 |
Class C | |
Net assets | $20,666,467 |
Shares outstanding | 551,691 |
Net asset value per share | $37.46 |
Institutional Class | |
Net assets | $1,433,290,995 |
Shares outstanding | 38,244,365 |
Net asset value per share | $37.48 |
Institutional 2 Class | |
Net assets | $263,203,756 |
Shares outstanding | 7,036,850 |
Net asset value per share | $37.40 |
Institutional 3 Class | |
Net assets | $458,514,792 |
Shares outstanding | 12,233,302 |
Net asset value per share | $37.48 |
Class R | |
Net assets | $7,083,474 |
Shares outstanding | 189,039 |
Net asset value per share | $37.47 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 41 |
Six Months Ended October 31, 2021 (Unaudited)
Net investment income | |
Income: | |
Dividends — affiliated issuers | $39,145 |
Interest | 46,662,610 |
Total income | 46,701,755 |
Expenses: | |
Management services fees | 7,126,487 |
Distribution and/or service fees | |
Class A | 1,002,993 |
Class C | 102,842 |
Class R | 14,284 |
Transfer agent fees | |
Class A | 451,024 |
Advisor Class | 108,547 |
Class C | 11,559 |
Institutional Class | 727,169 |
Institutional 2 Class | 58,458 |
Institutional 3 Class | 12,753 |
Class R | 3,215 |
Compensation of board members | 23,503 |
Custodian fees | 22,873 |
Printing and postage fees | 67,717 |
Registration fees | 114,522 |
Audit fees | 24,750 |
Legal fees | 20,654 |
Interest on collateral | 31,534 |
Compensation of chief compliance officer | 326 |
Other | 19,093 |
Total expenses | 9,944,303 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (1,779,073) |
Fees waived by transfer agent | |
Institutional 2 Class | (6,631) |
Institutional 3 Class | (12,753) |
Expense reduction | (1,300) |
Total net expenses | 8,144,546 |
Net investment income | 38,557,209 |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 12,039,458 |
Foreign currency translations | 30,043 |
Forward foreign currency exchange contracts | 84,216 |
Futures contracts | 4,307,249 |
Options purchased | 2,723,000 |
Options contracts written | 293,910 |
Swap contracts | (9,835,019) |
Net realized gain | 9,642,857 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (10,337,645) |
Foreign currency translations | (3,977) |
Forward foreign currency exchange contracts | 72,629 |
Futures contracts | (14,129,015) |
Options purchased | (16,153,727) |
Options contracts written | 1,544,736 |
Swap contracts | 543,987 |
Net change in unrealized appreciation (depreciation) | (38,463,012) |
Net realized and unrealized loss | (28,820,155) |
Net increase in net assets resulting from operations | $9,737,054 |
42 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
Six Months Ended October 31, 2021 (Unaudited) | Year Ended April 30, 2021 | |
Operations | ||
Net investment income | $38,557,209 | $74,216,346 |
Net realized gain | 9,642,857 | 66,395,171 |
Net change in unrealized appreciation (depreciation) | (38,463,012) | 87,375,881 |
Net increase in net assets resulting from operations | 9,737,054 | 227,987,398 |
Distributions to shareholders | ||
Net investment income and net realized gains | ||
Class A | (9,524,079) | (59,111,740) |
Advisor Class | (2,515,048) | (9,899,845) |
Class C | (165,964) | (1,663,273) |
Institutional Class | (16,878,231) | (69,252,953) |
Institutional 2 Class | (2,753,701) | (8,342,279) |
Institutional 3 Class | (6,211,911) | (41,349,583) |
Class R | (59,947) | (239,878) |
Total distributions to shareholders | (38,108,881) | (189,859,551) |
Increase in net assets from capital stock activity | 685,150,862 | 374,921,635 |
Total increase in net assets | 656,779,035 | 413,049,482 |
Net assets at beginning of period | 2,544,607,003 | 2,131,557,521 |
Net assets at end of period | $3,201,386,038 | $2,544,607,003 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 43 |
Six Months Ended | Year Ended | |||
October 31, 2021 (Unaudited) | April 30, 2021 | |||
Shares | Dollars ($) | Shares(a) | Dollars ($) | |
Capital stock activity | ||||
Class A | ||||
Subscriptions | 1,968,409 | 74,598,003 | 3,392,143 | 131,241,097 |
Distributions reinvested | 243,151 | 9,205,598 | 1,497,723 | 57,351,626 |
Redemptions | (1,556,203) | (58,927,694) | (2,850,040) | (109,899,016) |
Net increase | 655,357 | 24,875,907 | 2,039,826 | 78,693,707 |
Advisor Class | ||||
Subscriptions | 1,949,223 | 73,789,232 | 2,218,443 | 85,382,536 |
Distributions reinvested | 66,448 | 2,511,854 | 258,509 | 9,883,128 |
Redemptions | (540,404) | (20,375,620) | (775,459) | (29,812,236) |
Net increase | 1,475,267 | 55,925,466 | 1,701,493 | 65,453,428 |
Class C | ||||
Subscriptions | 128,287 | 4,861,139 | 309,029 | 11,982,924 |
Distributions reinvested | 4,188 | 158,590 | 41,869 | 1,601,588 |
Redemptions | (123,365) | (4,673,007) | (368,227) | (14,177,432) |
Net increase (decrease) | 9,110 | 346,722 | (17,329) | (592,920) |
Institutional Class | ||||
Subscriptions | 14,338,033 | 543,372,601 | 13,153,693 | 506,956,850 |
Distributions reinvested | 384,103 | 14,546,922 | 1,704,417 | 65,293,510 |
Redemptions | (4,599,466) | (174,243,213) | (5,951,290) | (229,194,998) |
Net increase | 10,122,670 | 383,676,310 | 8,906,820 | 343,055,362 |
Institutional 2 Class | ||||
Subscriptions | 3,355,457 | 126,942,235 | 2,429,819 | 93,135,315 |
Distributions reinvested | 72,809 | 2,750,948 | 217,562 | 8,317,392 |
Redemptions | (526,870) | (19,859,879) | (795,737) | (30,592,116) |
Net increase | 2,901,396 | 109,833,304 | 1,851,644 | 70,860,591 |
Institutional 3 Class | ||||
Subscriptions | 3,814,820 | 144,490,477 | 2,326,346 | 89,641,196 |
Distributions reinvested | 82,775 | 3,135,532 | 602,295 | 23,118,888 |
Redemptions | (1,041,194) | (39,522,676) | (7,755,176) | (297,530,308) |
Net increase (decrease) | 2,856,401 | 108,103,333 | (4,826,535) | (184,770,224) |
Class R | ||||
Subscriptions | 75,538 | 2,856,931 | 82,698 | 3,167,249 |
Distributions reinvested | 1,563 | 59,190 | 6,158 | 235,661 |
Redemptions | (13,849) | (526,301) | (30,713) | (1,181,219) |
Net increase | 63,252 | 2,389,820 | 58,143 | 2,221,691 |
Total net increase | 18,083,453 | 685,150,862 | 9,714,062 | 374,921,635 |
(a) | Share activity has been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
44 | Columbia Total Return 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 | Tax return of capital | Total distributions to shareholders | |
Class A(c) | ||||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.76 | 0.45 | (0.30) | 0.15 | (0.45) | — | — | (0.45) |
Year Ended 4/30/2021 | $36.96 | 1.16 | 2.64 | 3.80 | (1.13) | (1.87) | — | (3.00) |
Year Ended 4/30/2020 | $36.19 | 1.12 | 1.17 | 2.29 | (1.04) | (0.48) | — | (1.52) |
Year Ended 4/30/2019 | $35.33 | 1.12 | 0.74 | 1.86 | (1.00) | — | — | (1.00) |
Year Ended 4/30/2018 | $36.14 | 0.92 | (0.85) | 0.07 | (0.84) | — | (0.04) | (0.88) |
Year Ended 4/30/2017 | $36.78 | 1.00 | (0.16) | 0.84 | (0.92) | (0.56) | — | (1.48) |
Advisor Class(c) | ||||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.71 | 0.50 | (0.30) | 0.20 | (0.50) | — | — | (0.50) |
Year Ended 4/30/2021 | $36.91 | 1.26 | 2.64 | 3.90 | (1.23) | (1.87) | — | (3.10) |
Year Ended 4/30/2020 | $36.16 | 1.20 | 1.15 | 2.35 | (1.12) | (0.48) | — | (1.60) |
Year Ended 4/30/2019 | $35.29 | 1.24 | 0.75 | 1.99 | (1.12) | — | — | (1.12) |
Year Ended 4/30/2018 | $36.09 | 1.00 | (0.84) | 0.16 | (0.92) | — | (0.04) | (0.96) |
Year Ended 4/30/2017 | $36.73 | 1.04 | (0.08) | 0.96 | (1.04) | (0.56) | — | (1.60) |
Class C(c) | ||||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.77 | 0.31 | (0.31) | 0.00(h) | (0.31) | — | — | (0.31) |
Year Ended 4/30/2021 | $36.96 | 0.87 | 2.65 | 3.52 | (0.84) | (1.87) | — | (2.71) |
Year Ended 4/30/2020 | $36.19 | 0.84 | 1.17 | 2.01 | (0.76) | (0.48) | — | (1.24) |
Year Ended 4/30/2019 | $35.33 | 0.84 | 0.78 | 1.62 | (0.76) | — | — | (0.76) |
Year Ended 4/30/2018 | $36.15 | 0.64 | (0.86) | (0.22) | (0.56) | — | (0.04) | (0.60) |
Year Ended 4/30/2017 | $36.78 | 0.72 | (0.15) | 0.57 | (0.64) | (0.56) | — | (1.20) |
Institutional Class(c) | ||||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.78 | 0.50 | (0.30) | 0.20 | (0.50) | — | — | (0.50) |
Year Ended 4/30/2021 | $36.98 | 1.26 | 2.64 | 3.90 | (1.23) | (1.87) | — | (3.10) |
Year Ended 4/30/2020 | $36.21 | 1.24 | 1.13 | 2.37 | (1.12) | (0.48) | — | (1.60) |
Year Ended 4/30/2019 | $35.34 | 1.20 | 0.79 | 1.99 | (1.12) | — | — | (1.12) |
Year Ended 4/30/2018 | $36.16 | 1.00 | (0.86) | 0.14 | (0.92) | — | (0.04) | (0.96) |
Year Ended 4/30/2017 | $36.79 | 1.08 | (0.11) | 0.97 | (1.04) | (0.56) | — | (1.60) |
Institutional 2 Class(c) | ||||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.71 | 0.51 | (0.31) | 0.20 | (0.51) | — | — | (0.51) |
Year Ended 4/30/2021 | $36.91 | 1.28 | 2.64 | 3.92 | (1.25) | (1.87) | — | (3.12) |
Year Ended 4/30/2020 | $36.15 | 1.24 | 1.16 | 2.40 | (1.16) | (0.48) | — | (1.64) |
Year Ended 4/30/2019 | $35.29 | 1.28 | 0.70 | 1.98 | (1.12) | — | — | (1.12) |
Year Ended 4/30/2018 | $36.11 | 1.04 | (0.86) | 0.18 | (0.96) | — | (0.04) | (1.00) |
Year Ended 4/30/2017 | $36.74 | 1.08 | (0.11) | 0.97 | (1.04) | (0.56) | — | (1.60) |
46 | Columbia Total Return 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(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.46 | 0.39% | 0.86%(d),(e) | 0.74%(d),(e),(f) | 2.40%(d) | 86% | $805,169 |
Year Ended 4/30/2021 | $37.76 | 10.36% | 0.88%(e) | 0.74%(e),(f) | 3.00% | 295% | $786,976 |
Year Ended 4/30/2020 | $36.96 | 6.34% | 0.90%(e) | 0.74%(e),(f) | 3.05% | 272% | $694,852 |
Year Ended 4/30/2019 | $36.19 | 5.45% | 0.91%(e) | 0.86%(e),(f) | 3.19% | 262% | $681,416 |
Year Ended 4/30/2018 | $35.33 | 0.08% | 0.91% | 0.86%(f) | 2.51% | 300% | $711,850 |
Year Ended 4/30/2017 | $36.14 | 2.37% | 0.89%(g) | 0.84%(f),(g) | 2.70% | 379% | $820,441 |
Advisor Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.41 | 0.51% | 0.61%(d),(e) | 0.49%(d),(e),(f) | 2.64%(d) | 86% | $213,457 |
Year Ended 4/30/2021 | $37.71 | 10.62% | 0.63%(e) | 0.49%(e),(f) | 3.27% | 295% | $159,565 |
Year Ended 4/30/2020 | $36.91 | 6.61% | 0.65%(e) | 0.49%(e),(f) | 3.32% | 272% | $93,369 |
Year Ended 4/30/2019 | $36.16 | 5.72% | 0.66%(e) | 0.61%(e),(f) | 3.53% | 262% | $15,272 |
Year Ended 4/30/2018 | $35.29 | 0.44% | 0.66% | 0.61%(f) | 2.72% | 300% | $6,726 |
Year Ended 4/30/2017 | $36.09 | 2.63% | 0.63%(g) | 0.59%(f),(g) | 2.87% | 379% | $18,057 |
Class C(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.46 | (0.02%) | 1.61%(d),(e) | 1.49%(d),(e),(f) | 1.64%(d) | 86% | $20,666 |
Year Ended 4/30/2021 | $37.77 | 9.57% | 1.63%(e) | 1.49%(e),(f) | 2.25% | 295% | $20,492 |
Year Ended 4/30/2020 | $36.96 | 5.55% | 1.65%(e) | 1.50%(e),(f) | 2.30% | 272% | $20,696 |
Year Ended 4/30/2019 | $36.19 | 4.66% | 1.66%(e) | 1.61%(e),(f) | 2.37% | 262% | $18,905 |
Year Ended 4/30/2018 | $35.33 | (0.67%) | 1.66% | 1.61%(f) | 1.75% | 300% | $38,975 |
Year Ended 4/30/2017 | $36.15 | 1.61% | 1.64%(g) | 1.59%(f),(g) | 1.95% | 379% | $49,380 |
Institutional Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.48 | 0.52% | 0.61%(d),(e) | 0.49%(d),(e),(f) | 2.64%(d) | 86% | $1,433,291 |
Year Ended 4/30/2021 | $37.78 | 10.70% | 0.63%(e) | 0.49%(e),(f) | 3.26% | 295% | $1,062,540 |
Year Ended 4/30/2020 | $36.98 | 6.61% | 0.65%(e) | 0.49%(e),(f) | 3.30% | 272% | $710,558 |
Year Ended 4/30/2019 | $36.21 | 5.60% | 0.66%(e) | 0.61%(e),(f) | 3.42% | 262% | $949,377 |
Year Ended 4/30/2018 | $35.34 | 0.44% | 0.66% | 0.61%(f) | 2.76% | 300% | $1,037,101 |
Year Ended 4/30/2017 | $36.16 | 2.63% | 0.64%(g) | 0.59%(f),(g) | 2.94% | 379% | $1,083,917 |
Institutional 2 Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.40 | 0.52% | 0.56%(d),(e) | 0.43%(d),(e) | 2.71%(d) | 86% | $263,204 |
Year Ended 4/30/2021 | $37.71 | 10.69% | 0.57%(e) | 0.43%(e) | 3.33% | 295% | $155,945 |
Year Ended 4/30/2020 | $36.91 | 6.69% | 0.57%(e) | 0.42%(e) | 3.38% | 272% | $84,295 |
Year Ended 4/30/2019 | $36.15 | 5.81% | 0.58%(e) | 0.53%(e) | 3.64% | 262% | $80,083 |
Year Ended 4/30/2018 | $35.29 | 0.38% | 0.58% | 0.55% | 2.82% | 300% | $31,099 |
Year Ended 4/30/2017 | $36.11 | 2.79% | 0.54%(g) | 0.54%(g) | 2.99% | 379% | $27,782 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 47 |
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 | Tax return of capital | Total distributions to shareholders | |
Institutional 3 Class(c) | ||||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.79 | 0.52 | (0.31) | 0.21 | (0.52) | — | — | (0.52) |
Year Ended 4/30/2021 | $36.98 | 1.29 | 2.66 | 3.95 | (1.27) | (1.87) | — | (3.14) |
Year Ended 4/30/2020 | $36.21 | 1.24 | 1.17 | 2.41 | (1.16) | (0.48) | — | (1.64) |
Year Ended 4/30/2019 | $35.35 | 1.28 | 0.74 | 2.02 | (1.16) | — | — | (1.16) |
Year Ended 4/30/2018 | $36.16 | 1.04 | (0.85) | 0.19 | (0.96) | — | (0.04) | (1.00) |
Year Ended 4/30/2017 | $36.81 | 0.96 | 0.03(i) | 0.99 | (1.08) | (0.56) | — | (1.64) |
Class R(c) | ||||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.78 | 0.41 | (0.32) | 0.09 | (0.40) | — | — | (0.40) |
Year Ended 4/30/2021 | $36.97 | 1.06 | 2.66 | 3.72 | (1.04) | (1.87) | — | (2.91) |
Year Ended 4/30/2020 | $36.20 | 1.04 | 1.17 | 2.21 | (0.96) | (0.48) | — | (1.44) |
Year Ended 4/30/2019 | $35.33 | 1.04 | 0.75 | 1.79 | (0.92) | — | — | (0.92) |
Year Ended 4/30/2018 | $36.15 | 0.80 | (0.82) | (0.02) | (0.76) | — | (0.04) | (0.80) |
Year Ended 4/30/2017 | $36.78 | 0.88 | (0.11) | 0.77 | (0.84) | (0.56) | — | (1.40) |
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) | Per share amounts have been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020. |
(d) | Annualized. |
(e) | Ratios include interest on collateral expense which is less than 0.01%. |
(f) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(g) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by the percentages shown for each class in the table below. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
Year Ended | Class A | Advisor Class | Class C | Institutional Class | Institutional 2 Class | Institutional 3 Class | Class R |
04/30/2017 | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% | 0.02% |
(h) | Rounds to zero. |
(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. |
48 | Columbia Total Return 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 3 Class(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.48 | 0.54% | 0.51%(d),(e) | 0.38%(d),(e) | 2.76%(d) | 86% | $458,515 |
Year Ended 4/30/2021 | $37.79 | 10.73% | 0.52%(e) | 0.38%(e) | 3.32% | 295% | $354,336 |
Year Ended 4/30/2020 | $36.98 | 6.86% | 0.53%(e) | 0.37%(e) | 3.42% | 272% | $525,287 |
Year Ended 4/30/2019 | $36.21 | 5.73% | 0.53%(e) | 0.49%(e) | 3.56% | 262% | $258,172 |
Year Ended 4/30/2018 | $35.35 | 0.55% | 0.52% | 0.50% | 2.85% | 300% | $272,332 |
Year Ended 4/30/2017 | $36.16 | 2.74% | 0.50%(g) | 0.50%(g) | 2.70% | 379% | $445,184 |
Class R(c) | |||||||
Six Months Ended 10/31/2021 (Unaudited) | $37.47 | 0.24% | 1.11%(d),(e) | 0.99%(d),(e),(f) | 2.15%(d) | 86% | $7,083 |
Year Ended 4/30/2021 | $37.78 | 10.15% | 1.13%(e) | 0.99%(e),(f) | 2.76% | 295% | $4,752 |
Year Ended 4/30/2020 | $36.97 | 6.08% | 1.15%(e) | 1.00%(e),(f) | 2.79% | 272% | $2,501 |
Year Ended 4/30/2019 | $36.20 | 5.19% | 1.16%(e) | 1.11%(e),(f) | 2.97% | 262% | $2,380 |
Year Ended 4/30/2018 | $35.33 | (0.17%) | 1.16% | 1.11%(f) | 2.24% | 300% | $1,637 |
Year Ended 4/30/2017 | $36.15 | 2.12% | 1.14%(g) | 1.09%(f),(g) | 2.43% | 379% | $2,284 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 49 |
October 31, 2021 (Unaudited)
50 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2021 | 51 |
October 31, 2021 (Unaudited)
52 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2021 | 53 |
October 31, 2021 (Unaudited)
54 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2021 | 55 |
October 31, 2021 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Credit risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | 6,083,681* |
Credit risk | Upfront payments on swap contracts | 456,000 |
Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | 18,797 |
Interest rate risk | Investments, at value — Options purchased | 12,522,539 |
Total | 19,081,017 |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Credit risk | Component of total distributable earnings (loss) — unrealized depreciation on swap contracts | 15,345* |
Credit risk | Upfront receipts on swap contracts | 11,284,490 |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 24,126,396* |
Interest rate risk | Options contracts written, at value | 451,824 |
Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on swap contracts | 4,372,843* |
Total | 40,250,898 |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
56 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Amount of realized gain (loss) on derivatives recognized in income | ||||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Swap contracts ($) | Total ($) |
Credit risk | — | — | — | — | (2,251,925) | (2,251,925) |
Foreign exchange risk | 84,216 | — | — | — | — | 84,216 |
Interest rate risk | — | 4,307,249 | 293,910 | 2,723,000 | (7,583,094) | (258,935) |
Total | 84,216 | 4,307,249 | 293,910 | 2,723,000 | (9,835,019) | (2,426,644) |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Options contracts written ($) | Options contracts purchased ($) | Swap contracts ($) | Total ($) |
Credit risk | — | — | — | — | 2,238,568 | 2,238,568 |
Foreign exchange risk | 72,629 | — | — | — | — | 72,629 |
Interest rate risk | — | (14,129,015) | 1,544,736 | (16,153,727) | (1,694,581) | (30,432,587) |
Total | 72,629 | (14,129,015) | 1,544,736 | (16,153,727) | 543,987 | (28,121,390) |
Derivative instrument | Average notional amounts ($) |
Futures contracts — long | 1,598,420,645* |
Futures contracts — short | 14,193,558** |
Credit default swap contracts — buy protection | 212,912,000* |
Credit default swap contracts — sell protection | 73,350,000* |
Derivative instrument | Average value ($)* |
Options contracts — purchased | 14,107,479 |
Options contracts — written | (2,257,020) |
Derivative instrument | Average unrealized appreciation ($)* | Average unrealized depreciation ($)* |
Forward foreign currency exchange contracts | 9,399 | (22,339) |
Interest rate swap contracts | — | (5,594,765) |
* | Based on the ending quarterly outstanding amounts for the six months ended October 31, 2021. |
** | Based on the ending daily outstanding amounts for the six months ended October 31, 2021. |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 57 |
October 31, 2021 (Unaudited)
58 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Citi ($)(a) | Citi ($)(a) | JPMorgan ($) | Morgan Stanley ($)(a) | Morgan Stanley ($)(a) | UBS ($) | Total ($) | |
Assets | |||||||
Centrally cleared credit default swap contracts (b) | - | - | - | - | 519,570 | - | 519,570 |
Centrally cleared interest rate swap contracts (b) | - | - | - | - | 229,178 | - | 229,178 |
Forward foreign currency exchange contracts | - | - | - | - | - | 18,797 | 18,797 |
Options purchased calls | 515,739 | - | - | 198,539 | - | - | 714,278 |
Options purchased puts | 7,607,226 | - | - | 4,201,035 | - | - | 11,808,261 |
OTC credit default swap contracts (c) | - | 948,617 | 3,002,701 | 2,437,967 | - | - | 6,389,285 |
Total assets | 8,122,965 | 948,617 | 3,002,701 | 6,837,541 | 748,748 | 18,797 | 19,679,369 |
Liabilities | |||||||
Options contracts written | 451,824 | - | - | - | - | - | 451,824 |
OTC credit default swap contracts (c) | - | 2,379,452 | 4,227,884 | 4,692,499 | - | - | 11,299,835 |
Total liabilities | 451,824 | 2,379,452 | 4,227,884 | 4,692,499 | - | - | 11,751,659 |
Total financial and derivative net assets | 7,671,141 | (1,430,835) | (1,225,183) | 2,145,042 | 748,748 | 18,797 | 7,927,710 |
Total collateral received (pledged) (d) | 7,559,000 | (1,400,000) | (1,120,000) | 2,145,042 | - | - | 7,184,042 |
Net amount (e) | 112,141 | (30,835) | (105,183) | - | 748,748 | 18,797 | 743,668 |
(a) | Exposure can only be netted across transactions governed under the same master agreement with the same legal entity. |
(b) | Centrally cleared swaps are included within payable/receivable for variation margin on the Statement of Assets and Liabilities. |
(c) | Over-the-Counter (OTC) swap contracts are presented at market value plus periodic payments receivable (payable), which is comprised of unrealized appreciation, unrealized depreciation, upfront payments and upfront receipts. |
(d) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(e) | Represents the net amount due from/(to) counterparties in the event of default. |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 59 |
October 31, 2021 (Unaudited)
60 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2021 | 61 |
October 31, 2021 (Unaudited)
Effective rate (%) | |
Class A | 0.11 |
Advisor Class | 0.11 |
Class C | 0.11 |
Institutional Class | 0.11 |
Institutional 2 Class | 0.05 |
Institutional 3 Class | 0.00 |
Class R | 0.11 |
62 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Front End (%) | CDSC (%) | Amount ($) | |
Class A | 3.00 | 0.50 - 1.00(a) | 248,742 |
Class C | — | 1.00(b) | 3,280 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
December 11, 2021 through August 31, 2024 | September 1, 2021 through December 10, 2021 | Prior to September 1, 2021 | |
Class A | 0.74% | 0.74% | 0.75% |
Advisor Class | 0.49 | 0.49 | 0.50 |
Class C | 1.49 | 1.49 | 1.50 |
Institutional Class | 0.49 | 0.49 | 0.50 |
Institutional 2 Class | 0.42 | 0.43 | 0.43 |
Institutional 3 Class | 0.37 | 0.38 | 0.38 |
Class R | 0.99 | 0.99 | 1.00 |
Columbia Total Return Bond Fund | Semiannual Report 2021 | 63 |
October 31, 2021 (Unaudited)
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
3,467,389,000 | 90,082,000 | (77,277,000) | 12,805,000 |
64 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2021 | 65 |
October 31, 2021 (Unaudited)
66 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Columbia Total Return Bond Fund | Semiannual Report 2021 | 67 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Management Agreement; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager under the Management Agreement, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager, including information regarding senior management, portfolio managers and other personnel; |
• | Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
68 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
Columbia Total Return Bond Fund | Semiannual Report 2021 | 69 |
Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund
70 | Columbia Total Return Bond Fund | Semiannual Report 2021 |
On June 15, 2021, the Board, including all of the Independent Trustees, determined that fees payable under the Management Agreement were fair and reasonable in light of the extent and quality of services provided and approved the renewal of the Management Agreement.
Columbia Total Return Bond Fund | Semiannual Report 2021 | 71 |
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
October 31, 2021
(Unaudited)
Average annual total returns (%) (for the period ended October 31, 2021) | ||||||
Inception | 6 Months cumulative | 1 Year | 5 Years | Life | ||
Institutional Class* | 01/03/17 | 2.35 | 21.11 | 3.52 | 3.49 | |
HFRX Equity Hedge Index | 5.56 | 20.94 | 5.53 | 5.43 | ||
Wilshire Liquid Alternative Equity Hedge Index | 3.58 | 20.28 | 5.02 | 5.01 | ||
MSCI World Index (Net) | 8.78 | 40.42 | 15.45 | 15.38 |
* | 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. Returns shown for periods prior to the inception date of the Fund’s Institutional Class shares include the returns of the Fund’s Class A shares for the period from October 17, 2016 (the inception date of the Fund) through January 2, 2017. Class A shares were offered prior to the Fund’s Institutional Class shares but have since been merged into the Fund’s Institutional Class shares. 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. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 3 |
(Unaudited)
Portfolio breakdown — long positions (%) (at October 31, 2021) | |
Common Stocks | 143.3 |
Preferred Stocks | 0.5 |
Warrants | 0.1 |
Short-Term Investments Segregated in Connection with Open Derivatives Contracts(a) | 19.8 |
Total | 163.7 |
(a) | Includes investments in Money Market Funds (amounting to $30.1 million) which have been segregated to cover obligations relating to the Fund’s investment in derivatives which provide exposure to multiple markets. For a description of the Fund’s investments in derivatives, see Investments in derivatives following the Portfolio of Investments and Note 2 to the Notes to Financial Statements. |
Portfolio breakdown — short positions (%) (at October 31, 2021) | |
Common Stocks | (63.6) |
Preferred Stocks | (0.1) |
Total | (63.7) |
Equity sector breakdown — long positions (%) (at October 31, 2021) | |
Communication Services | 8.0 |
Consumer Discretionary | 10.7 |
Consumer Staples | 6.1 |
Energy | 7.5 |
Financials | 13.9 |
Health Care | 14.1 |
Industrials | 16.6 |
Information Technology | 14.8 |
Materials | 5.3 |
Real Estate | 1.2 |
Utilities | 1.8 |
Total | 100.0 |
Equity sector breakdown — short positions (%) (at October 31, 2021) | |
Communication Services | (4.5) |
Consumer Discretionary | (17.1) |
Consumer Staples | (6.9) |
Energy | (6.5) |
Financials | (13.4) |
Health Care | (11.0) |
Industrials | (17.1) |
Information Technology | (9.6) |
Materials | (10.6) |
Real Estate | (1.9) |
Utilities | (1.4) |
Total | (100.0) |
Market exposure through derivatives investments (% of notional exposure) (at October 31, 2021)(a) | |||
Long | Short | Net | |
Equity Derivative Contracts | 347.1 | (282.2) | 64.9 |
Foreign Currency Derivative Contracts | 43.3 | (8.2) | 35.1 |
Total Notional Market Value of Derivative Contracts | 390.4 | (290.4) | 100.0 |
4 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
(Unaudited)
May 1, 2021 — October 31, 2021 | |||||||
Account value at the beginning of the period ($) | Account value at the end of the period ($) | Expenses paid during the period ($) | Fund’s annualized expense ratio (%) | ||||
Actual | Hypothetical | Actual | Hypothetical | Actual | Hypothetical | Actual | |
Institutional Class | 1,000.00 | 1,000.00 | 1,023.50 | 1,012.76 | 12.31 | 12.24 | 2.44 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 5 |
October 31, 2021 (Unaudited)
Common Stocks 81.1% | ||
Issuer | Shares | Value ($) |
Communication Services 6.5% | ||
Diversified Telecommunication Services 0.5% | ||
Koninklijke KPN NV | 33,061 | 98,784 |
Liberty Global PLC, Class C(a),(b) | 23,527 | 678,519 |
Proximus SADP | 12,508 | 235,545 |
Telecom Italia SpA | 789,009 | 281,480 |
Telefonica Deutschland Holding AG | 32,140 | 83,738 |
Total | 1,378,066 | |
Entertainment 0.5% | ||
Activision Blizzard, Inc.(b) | 4,645 | 363,193 |
Live Nation Entertainment, Inc.(a) | 3,781 | 382,448 |
Nintendo Co., Ltd. | 1,500 | 662,485 |
Total | 1,408,126 | |
Interactive Media & Services 3.8% | ||
Alphabet, Inc., Class A(a),(b) | 1,123 | 3,325,113 |
Alphabet, Inc., Class C(a),(b) | 882 | 2,615,492 |
Meta Platforms, Inc., Class A(a),(b) | 12,321 | 3,986,706 |
Yelp, Inc.(a) | 4,912 | 189,750 |
Total | 10,117,061 | |
Media 1.4% | ||
Charter Communications, Inc., Class A(a) | 578 | 390,086 |
Cogeco Communications, Inc. | 244 | 20,956 |
CyberAgent, Inc. | 2,400 | 40,213 |
Gray Television, Inc. | 34,653 | 812,266 |
Nexstar Media Group, Inc., Class A | 6,215 | 931,815 |
Omnicom Group, Inc. | 7,223 | 491,742 |
ProSiebenSat.1 Media AG | 7,665 | 128,395 |
Quebecor, Inc., Class B | 359 | 9,149 |
TEGNA, Inc. | 45,831 | 901,038 |
Telenet Group Holding NV | 1,826 | 65,601 |
Total | 3,791,261 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Wireless Telecommunication Services 0.3% | ||
Freenet AG | 6,787 | 174,801 |
Millicom International Cellular SA, SDR(a) | 469 | 16,422 |
T-Mobile USA, Inc.(a) | 4,869 | 560,081 |
Total | 751,304 | |
Total Communication Services | 17,445,818 | |
Consumer Discretionary 8.5% | ||
Auto Components 0.1% | ||
Magna International, Inc. | 3,144 | 255,742 |
Nokian Renkaat OYJ | 3,595 | 135,000 |
Total | 390,742 | |
Automobiles 0.7% | ||
Bayerische Motoren Werke AG | 2,897 | 292,701 |
Daimler AG, Registered Shares | 1,142 | 113,358 |
Harley-Davidson, Inc. | 26,509 | 967,313 |
Stellantis NV | 27,437 | 547,765 |
Total | 1,921,137 | |
Distributors 0.2% | ||
LKQ Corp.(a) | 11,893 | 655,067 |
Diversified Consumer Services 0.3% | ||
Stride, Inc.(a) | 19,760 | 701,480 |
Hotels, Restaurants & Leisure 1.4% | ||
Entain PLC(a) | 25,538 | 715,603 |
Flutter Entertainment PLC(a) | 2,963 | 559,139 |
Genting Singapore Ltd. | 51,600 | 29,835 |
International Game Technology PLC(a) | 21,302 | 628,196 |
Las Vegas Sands Corp.(a) | 11,165 | 433,314 |
McDonald’s Holdings Co. Japan Ltd. | 8,700 | 388,817 |
Restaurant Brands International, Inc. | 4,885 | 276,686 |
Travel + Leisure Co. | 6,223 | 338,158 |
Wyndham Hotels & Resorts, Inc. | 3,759 | 317,523 |
Total | 3,687,271 |
6 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Durables 1.0% | ||
Electrolux AB | 32,541 | 738,500 |
Ethan Allen Interiors, Inc.(b) | 5,779 | 134,131 |
Husqvarna AB, Class B | 8,710 | 124,125 |
Iida Group Holdings Co., Ltd. | 11,600 | 285,992 |
Mohawk Industries, Inc.(a) | 2,541 | 450,291 |
Sony Group Corp., ADR | 1,491 | 172,643 |
Tempur Sealy International, Inc. | 6,442 | 286,476 |
Whirlpool Corp.(b) | 2,241 | 472,470 |
Total | 2,664,628 | |
Internet & Direct Marketing Retail 0.6% | ||
Amazon.com, Inc.(a),(b) | 182 | 613,782 |
eBay, Inc.(b) | 5,161 | 395,952 |
HelloFresh SE(a) | 6,715 | 544,177 |
Total | 1,553,911 | |
Leisure Products 0.5% | ||
BRP, Inc. | 1,656 | 145,609 |
Callaway Golf Co.(a) | 17,116 | 462,988 |
Hasbro, Inc. | 3,892 | 372,698 |
Polaris, Inc. | 4,013 | 461,294 |
Total | 1,442,589 | |
Multiline Retail 1.2% | ||
Canadian Tire Corp., Ltd., Class A | 3,745 | 531,914 |
Dillard’s, Inc., Class A(b) | 2,092 | 483,545 |
Dollar General Corp. | 1,770 | 392,090 |
Kohl’s Corp. | 3,853 | 186,986 |
Target Corp.(b) | 5,991 | 1,555,383 |
Total | 3,149,918 | |
Specialty Retail 1.7% | ||
AutoNation, Inc.(a) | 2,154 | 260,892 |
AutoZone, Inc.(a) | 751 | 1,340,415 |
Foot Locker, Inc. | 5,620 | 267,905 |
H & M Hennes & Mauritz AB | 4,295 | 80,801 |
Kingfisher PLC | 94,513 | 433,776 |
Ross Stores, Inc. | 2,371 | 268,397 |
TJX Companies, Inc. (The) | 4,150 | 271,784 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Ulta Beauty, Inc.(a) | 1,127 | 414,015 |
Yamada Holdings Co., Ltd. | 358,000 | 1,368,026 |
Total | 4,706,011 | |
Textiles, Apparel & Luxury Goods 0.8% | ||
Carter’s, Inc. | 2,449 | 241,275 |
Cie Financiere Richemont SA, Class A, Registered Shares | 312 | 38,610 |
Pandora A/S | 2,131 | 298,203 |
PVH Corp.(a) | 1,807 | 197,559 |
Swatch Group AG (The) | 3,272 | 900,601 |
Swatch Group AG (The), Registered Shares | 6,885 | 366,277 |
Total | 2,042,525 | |
Total Consumer Discretionary | 22,915,279 | |
Consumer Staples 4.9% | ||
Beverages 0.6% | ||
Coca-Cola Co. (The)(b) | 1,002 | 56,483 |
Coca-Cola Europacific Partners PLC | 12,635 | 665,233 |
Coca-Cola HBC AG(a) | 8,652 | 299,880 |
Keurig Dr. Pepper, Inc. | 15,628 | 564,014 |
Total | 1,585,610 | |
Food & Staples Retailing 2.7% | ||
Axfood AB | 1,625 | 39,842 |
Carrefour SA | 57,335 | 1,037,985 |
Costco Wholesale Corp.(b) | 1,941 | 954,079 |
Empire Co., Ltd., Class A | 24,050 | 719,013 |
Etablissements Franz Colruyt NV | 2,698 | 132,466 |
George Weston Ltd. | 300 | 32,414 |
ICA Gruppen AB | 4,887 | 252,658 |
Kesko OYJ, Class B | 1,694 | 55,130 |
Koninklijke Ahold Delhaize NV | 20,534 | 668,022 |
Kroger Co. (The)(b) | 24,762 | 990,975 |
Loblaw Companies Ltd. | 5,318 | 399,967 |
METRO AG | 6,356 | 80,347 |
U.S. Foods Holding Corp.(a) | 11,307 | 392,014 |
Walgreens Boots Alliance, Inc.(b) | 12,827 | 603,126 |
Walmart, Inc.(b) | 6,419 | 959,127 |
Total | 7,317,165 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 7 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Food Products 0.8% | ||
Bunge Ltd.(b) | 11,008 | 1,019,781 |
Leroy Seafood Group ASA | 5,384 | 48,950 |
Nomad Foods Ltd.(a) | 34,816 | 948,040 |
Orkla | 11,260 | 109,519 |
Tyson Foods, Inc., Class A(b) | 937 | 74,932 |
Total | 2,201,222 | |
Household Products 0.3% | ||
Colgate-Palmolive Co.(b) | 4,218 | 321,369 |
Essity AB, Class B | 530 | 17,168 |
Procter & Gamble Co. (The) | 2,937 | 419,962 |
Total | 758,499 | |
Tobacco 0.5% | ||
Imperial Brands PLC | 7,876 | 166,193 |
Philip Morris International, Inc. | 7,220 | 682,579 |
Swedish Match AB | 43,999 | 387,948 |
Turning Point Brands, Inc. | 5,727 | 218,599 |
Total | 1,455,319 | |
Total Consumer Staples | 13,317,815 | |
Energy 6.1% | ||
Energy Equipment & Services 1.1% | ||
ChampionX Corp.(a) | 20,441 | 536,167 |
Halliburton Co. | 28,423 | 710,291 |
Helmerich & Payne, Inc.(b) | 15,367 | 476,992 |
National Energy Services Reunited Corp.(a) | 31,152 | 364,478 |
Schlumberger NV | 21,387 | 689,945 |
Subsea 7 SA | 4,023 | 36,112 |
Total | 2,813,985 | |
Oil, Gas & Consumable Fuels 5.0% | ||
ARC Resources Ltd. | 4,016 | 38,518 |
Canadian Natural Resources Ltd. | 865 | 36,764 |
Canadian Natural Resources Ltd. | 15,195 | 645,940 |
Cenovus Energy, Inc. | 97,572 | 1,166,827 |
ConocoPhillips Co. | 8,125 | 605,231 |
Coterra Energy, Inc. | 23,305 | 496,863 |
Devon Energy Corp. | 20,104 | 805,768 |
Diamondback Energy, Inc. | 6,775 | 726,212 |
Enerplus Corp. | 84,977 | 804,727 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
ENI SpA | 8,085 | 115,878 |
EOG Resources, Inc. | 7,918 | 732,098 |
Equinor ASA | 4,476 | 113,414 |
HollyFrontier Corp. | 24,146 | 816,135 |
Imperial Oil Ltd. | 2,272 | 76,921 |
Kosmos Energy Ltd.(a) | 124,353 | 447,671 |
Marathon Petroleum Corp. | 12,537 | 826,564 |
MEG Energy Corp.(a) | 63,406 | 568,174 |
PDC Energy, Inc. | 12,008 | 628,139 |
Pioneer Natural Resources Co. | 3,404 | 636,480 |
Range Resources Corp.(a) | 29,521 | 688,430 |
Suncor Energy, Inc. | 4,319 | 113,594 |
Tourmaline Oil Corp. | 4,474 | 161,702 |
Valero Energy Corp. | 10,322 | 798,200 |
Viper Energy Partners LP | 13,184 | 290,707 |
Whitehaven Coal Ltd.(a) | 230,353 | 455,867 |
Whiting Petroleum Corp.(a) | 10,350 | 674,096 |
Total | 13,470,920 | |
Total Energy | 16,284,905 | |
Financials 11.3% | ||
Banks 5.7% | ||
Banco BPM SpA | 106,800 | 332,126 |
Banco Santander SA | 140,654 | 533,513 |
Bank of America Corp.(b) | 20,334 | 971,558 |
Bank of Nova Scotia (The) | 4,020 | 263,561 |
BNP Paribas SA | 5,139 | 343,990 |
Canadian Imperial Bank of Commerce | 1,400 | 169,876 |
Citigroup, Inc.(b) | 11,422 | 789,945 |
Commerzbank AG(a) | 29,825 | 217,808 |
DBS Group Holdings Ltd. | 9,200 | 214,984 |
DNB Bank ASA | 7,698 | 183,187 |
East West Bancorp, Inc. | 6,491 | 515,905 |
Fifth Third Bancorp | 19,638 | 854,842 |
Hana Financial Group, Inc. | 4,997 | 192,684 |
HSBC Holdings PLC | 293,382 | 1,767,676 |
Huntington Bancshares, Inc. | 43,747 | 688,578 |
ING Groep NV | 29,657 | 449,864 |
JPMorgan Chase & Co.(b) | 5,719 | 971,601 |
KeyCorp | 34,822 | 810,308 |
8 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
NatWest Group PLC | 171,583 | 517,353 |
Nordea Bank Abp | 31,233 | 382,505 |
Regions Financial Corp. | 26,066 | 617,243 |
Standard Chartered PLC | 136,218 | 921,243 |
Svenska Handelsbanken AB, Class A | 11,876 | 136,127 |
Truist Financial Corp. | 14,379 | 912,635 |
UniCredit SpA | 32,846 | 434,206 |
United Overseas Bank Ltd. | 11,600 | 230,589 |
Wells Fargo & Co.(b) | 18,169 | 929,526 |
Total | 15,353,433 | |
Capital Markets 2.1% | ||
Artisan Partners Asset Management, Inc., Class A | 7,862 | 389,484 |
Azimut Holding SpA | 4,029 | 116,028 |
Banca Generali SpA(a) | 1,576 | 74,143 |
Bank of New York Mellon Corp. (The) | 5,967 | 353,246 |
Carlyle Group, Inc. (The)(b) | 14,674 | 823,945 |
CI Financial Corp. | 1,722 | 39,265 |
Deutsche Bank AG, Registered Shares(a) | 97,281 | 1,249,606 |
Goldman Sachs Group, Inc. (The) | 1,558 | 643,999 |
Moody’s Corp. | 1,843 | 744,848 |
Onex Capital | 1,750 | 130,416 |
S&P Global, Inc.(b) | 719 | 340,921 |
UBS AG | 20,259 | 368,768 |
UBS Group AG, Registered Shares | 14,081 | 255,570 |
Total | 5,530,239 | |
Consumer Finance 0.8% | ||
Capital One Financial Corp. | 3,788 | 572,102 |
Discover Financial Services | 4,259 | 482,630 |
Navient Corp. | 7,511 | 147,967 |
SLM Corp. | 25,753 | 472,567 |
Synchrony Financial | 11,771 | 546,763 |
Total | 2,222,029 | |
Diversified Financial Services 1.1% | ||
Berkshire Hathaway, Inc., Class B(a),(b) | 7,790 | 2,235,808 |
EXOR NV | 3,966 | 374,117 |
Industrivarden AB, Class A | 207 | 6,809 |
Industrivarden AB, Class C | 10,742 | 349,422 |
Total | 2,966,156 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Insurance 1.6% | ||
Aegon NV | 34,013 | 172,524 |
Ageas SA/NV | 4,012 | 195,174 |
Allianz SE, Registered Shares | 356 | 82,667 |
Allstate Corp. (The) | 3,254 | 402,422 |
American International Group, Inc. | 5,119 | 302,482 |
ASR Nederland NV | 5,390 | 251,951 |
Assicurazioni Generali SpA | 1,189 | 25,891 |
Baloise Holding AG, Registered Shares | 205 | 32,669 |
Everest Re Group Ltd. | 1,225 | 320,337 |
Fairfax Financial Holdings Ltd. | 4,091 | 1,656,928 |
Helvetia Holding AG, Registered Shares, ADR | 79 | 9,400 |
iA Financial Corp., Inc. | 1,047 | 61,935 |
Manulife Financial Corp. | 7,674 | 149,499 |
NN Group NV | 4,825 | 257,929 |
RenaissanceRe Holdings Ltd. | 1,146 | 162,503 |
Swiss Re AG | 258 | 24,994 |
Unipol Gruppo SpA | 42,143 | 242,044 |
Total | 4,351,349 | |
Total Financials | 30,423,206 | |
Health Care 11.5% | ||
Biotechnology 2.8% | ||
AbbVie, Inc.(b) | 15,659 | 1,795,617 |
Alkermes PLC(a),(b) | 6,927 | 209,819 |
Amgen, Inc. | 2,444 | 505,835 |
Avid Bioservices, Inc.(a),(b) | 7,231 | 221,847 |
Biogen, Inc.(a) | 610 | 162,675 |
Catalyst Pharmaceuticals, Inc.(a),(b) | 32,814 | 193,603 |
Dynavax Technologies Corp.(a),(b) | 17,586 | 351,192 |
Eagle Pharmaceuticals, Inc.(a),(b) | 7,669 | 401,625 |
Genmab A/S(a) | 263 | 118,153 |
Halozyme Therapeutics, Inc.(a),(b) | 11,212 | 426,841 |
Incyte Corp.(a),(b) | 12,972 | 868,865 |
Ironwood Pharmaceuticals, Inc.(a),(b) | 29,435 | 375,885 |
MiMedx Group, Inc.(a),(b) | 55,507 | 380,223 |
Moderna, Inc.(a),(b) | 1,423 | 491,234 |
Organogenesis Holdings, Inc.(a),(b) | 21,286 | 233,720 |
Regeneron Pharmaceuticals, Inc.(a),(b) | 236 | 151,026 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 9 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Swedish Orphan Biovitrum AB(a) | 6,315 | 171,612 |
United Therapeutics Corp.(a),(b) | 3,050 | 581,818 |
Total | 7,641,590 | |
Health Care Equipment & Supplies 2.0% | ||
Abbott Laboratories(b) | 8,052 | 1,037,822 |
Baxter International, Inc.(b) | 5,341 | 421,725 |
Becton Dickinson and Co.(b) | 3,677 | 880,972 |
Boston Scientific Corp.(a) | 6,713 | 289,532 |
Demant A/S(a) | 6,270 | 303,957 |
DiaSorin SpA | 1,902 | 429,974 |
Envista Holdings Corp.(a) | 6,454 | 252,351 |
Getinge AB, Series CPO | 9,586 | 428,991 |
GN Store Nord AS | 693 | 42,112 |
Koninklijke Philips NV | 684 | 32,268 |
Medtronic PLC | 1,894 | 227,015 |
Ortho Clinical Diagnostics Holdings PLC(a) | 14,424 | 285,163 |
Sonova Holding AG | 87 | 36,050 |
Stryker Corp. | 1,114 | 296,402 |
Zimmer Biomet Holdings, Inc. | 3,345 | 478,736 |
Total | 5,443,070 | |
Health Care Providers & Services 2.1% | ||
Amedisys, Inc.(a) | 866 | 146,649 |
AmerisourceBergen Corp. | 810 | 98,836 |
Anthem, Inc.(b) | 949 | 412,939 |
Centene Corp.(a) | 4,941 | 351,997 |
Cigna Corp.(b) | 1,730 | 369,545 |
CVS Health Corp. | 6,208 | 554,250 |
Galenica AG | 1,718 | 125,838 |
HCA Healthcare, Inc. | 2,045 | 512,191 |
Humana, Inc. | 844 | 390,907 |
Molina Healthcare, Inc.(a),(b) | 268 | 79,253 |
R1 RCM, Inc.(a) | 5,563 | 120,717 |
Sonic Healthcare Ltd. | 26,688 | 809,834 |
UnitedHealth Group, Inc. | 2,890 | 1,330,758 |
Universal Health Services, Inc., Class B | 1,580 | 196,078 |
Total | 5,499,792 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Life Sciences Tools & Services 2.8% | ||
Agilent Technologies, Inc.(b) | 4,257 | 670,435 |
Avantor, Inc.(a),(b) | 18,943 | 764,918 |
Bio-Rad Laboratories, Inc., Class A(a),(b) | 897 | 712,828 |
Bio-Techne Corp.(b) | 567 | 296,910 |
Bruker Corp.(b) | 3,886 | 312,046 |
Eurofins Scientific SE | 4,997 | 589,721 |
ICON PLC(a) | 1,043 | 299,101 |
IQVIA Holdings, Inc.(a) | 597 | 156,068 |
Maravai LifeSciences Holdings, Inc., Class A(a),(b) | 1,228 | 51,932 |
Mettler-Toledo International, Inc.(a),(b) | 519 | 768,577 |
QIAGEN NV(a) | 1,058 | 58,205 |
Sotera Health Co.(a) | 12,473 | 308,083 |
Syneos Health, Inc.(a) | 906 | 84,566 |
Tecan Group AG, Registered Shares | 107 | 65,559 |
Thermo Fisher Scientific, Inc. | 1,474 | 933,145 |
Waters Corp.(a),(b) | 3,986 | 1,465,054 |
Total | 7,537,148 | |
Pharmaceuticals 1.8% | ||
AstraZeneca PLC | 2,859 | 357,665 |
Bausch Health Companies, Inc.(a) | 901 | 25,255 |
Bayer AG, Registered Shares | 1,705 | 96,090 |
H Lundbeck A/S | 5,612 | 156,291 |
Jazz Pharmaceuticals PLC(a) | 228 | 30,333 |
Johnson & Johnson(b) | 9,720 | 1,583,193 |
Merck & Co., Inc. | 514 | 45,258 |
Novartis AG, ADR | 2,695 | 223,038 |
Novartis AG, Registered Shares | 2,836 | 234,573 |
Novo Nordisk A/S, Class B | 1,934 | 212,073 |
Orion Oyj, Class B | 190 | 8,228 |
Pfizer, Inc.(b) | 24,445 | 1,069,224 |
Roche Holding AG, Genusschein Shares | 43 | 16,658 |
Sanofi | 3,471 | 348,642 |
UCB SA | 2,862 | 342,082 |
Total | 4,748,603 | |
Total Health Care | 30,870,203 |
10 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Industrials 13.5% | ||
Aerospace & Defense 1.3% | ||
Boeing Co. (The)(a) | 2,098 | 434,349 |
BWX Technologies, Inc. | 12,406 | 703,916 |
General Dynamics Corp. | 2,725 | 552,494 |
Hexcel Corp.(a) | 11,617 | 659,149 |
Howmet Aerospace, Inc. | 18,657 | 553,926 |
Leonardo-Finmeccanica SpA(a) | 10,067 | 73,867 |
Maxar Technologies, Inc. | 3,865 | 102,616 |
Saab AB, Class B | 6,393 | 178,225 |
Textron, Inc. | 4,775 | 352,634 |
Total | 3,611,176 | |
Air Freight & Logistics 0.7% | ||
Deutsche Post AG | 6,997 | 433,163 |
DSV A/S | 646 | 150,142 |
Expeditors International of Washington, Inc.(b) | 9,775 | 1,204,866 |
Total | 1,788,171 | |
Building Products 1.5% | ||
Advanced Drainage Systems, Inc. | 4,925 | 555,540 |
AGC, Inc. | 6,100 | 303,753 |
Allegion PLC | 2,981 | 382,462 |
AO Smith Corp.(b) | 11,826 | 864,126 |
dorma+kaba Holding AG, Class B Registered Shares | 102 | 75,603 |
Fletcher Building Ltd. | 38,764 | 199,376 |
Geberit AG | 61 | 47,638 |
Lennox International, Inc.(b) | 112 | 33,519 |
Owens Corning(b) | 11,500 | 1,074,215 |
Xinyi Glass Holdings Ltd. | 130,000 | 366,333 |
Total | 3,902,565 | |
Commercial Services & Supplies 0.2% | ||
Clean Harbors, Inc.(a) | 4,568 | 514,083 |
ISS A/S(a) | 189 | 3,771 |
Securitas AB | 8,258 | 136,808 |
Total | 654,662 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Construction & Engineering 0.0% | ||
Hochtief AG | 38 | 2,932 |
Skanska AB, Class B | 1,492 | 37,935 |
SNC-Lavalin Group, Inc. | 686 | 18,453 |
Total | 59,320 | |
Electrical Equipment 1.1% | ||
ABB Ltd. | 364 | 12,041 |
AMETEK, Inc. | 2,508 | 332,059 |
Eaton Corp. PLC | 1,747 | 287,836 |
Mitsubishi Electric Corp. | 42,300 | 568,065 |
Prysmian SpA | 5,441 | 205,719 |
Regal Rexnord Corp. | 1,908 | 290,646 |
Sensata Technologies Holding(a) | 9,115 | 502,237 |
Signify NV | 6,023 | 291,853 |
Vertiv Holdings Co. | 20,457 | 525,336 |
Total | 3,015,792 | |
Industrial Conglomerates 0.3% | ||
3M Co.(b) | 1,485 | 265,340 |
Jardine Matheson Holdings Ltd. | 2,600 | 151,016 |
Nisshinbo Holdings, Inc. | 7,200 | 55,573 |
Rheinmetall AG | 2,589 | 251,203 |
Siemens AG, Registered Shares | 509 | 82,754 |
Total | 805,886 | |
Machinery 2.3% | ||
AGCO Corp. | 3,189 | 389,728 |
Allison Transmission Holdings, Inc. | 15,148 | 505,337 |
Altra Industrial Motion Corp. | 4,127 | 215,223 |
Bucher Industries AG | 167 | 84,284 |
Caterpillar, Inc.(b) | 1,795 | 366,198 |
CNH Industrial NV | 9,112 | 156,959 |
Cummins, Inc.(b) | 4,255 | 1,020,519 |
Deere & Co. | 626 | 214,286 |
Dover Corp. | 2,118 | 358,111 |
GEA Group AG | 1,460 | 71,907 |
Georg Fischer AG, Registered Shares | 16 | 24,209 |
KION Group AG | 493 | 53,850 |
KONE OYJ, Class B | 889 | 60,629 |
Metso Outotec OYJ | 8,322 | 83,606 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 11 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Middleby Corp. (The)(a) | 1,253 | 228,597 |
NGK Insulators Ltd. | 1,000 | 16,651 |
OC Oerlikon Corp AG | 6,640 | 67,607 |
Oshkosh Corp. | 2,416 | 258,512 |
Otis Worldwide Corp. | 5,677 | 455,920 |
Parker-Hannifin Corp. | 915 | 271,380 |
SKF AB, Class B | 2,756 | 64,009 |
Trelleborg AB, Class B | 2,972 | 68,022 |
Valmet OYJ | 4,023 | 163,318 |
Volvo AB, B Shares | 2,119 | 49,413 |
Wartsila OYJ | 3,642 | 50,508 |
Westinghouse Air Brake Technologies Corp. | 6,369 | 577,859 |
Yangzijiang Shipbuilding Holdings Ltd. | 272,800 | 288,009 |
Total | 6,164,651 | |
Marine 0.6% | ||
AP Moller - Maersk A/S, Class A | 181 | 496,964 |
AP Moller - Maersk A/S, Class B | 341 | 988,201 |
Kuehne & Nagel International AG | 382 | 120,311 |
Total | 1,605,476 | |
Professional Services 3.3% | ||
Adecco Group AG, Registered Shares | 31,947 | 1,609,492 |
ASGN, Inc.(a) | 5,596 | 669,617 |
DKSH Holding AG | 1,723 | 138,107 |
Huron Consulting Group, Inc.(a) | 9,196 | 461,271 |
Leidos Holdings, Inc. | 6,216 | 621,476 |
Pagegroup PLC | 56,689 | 515,143 |
Randstad NV | 18,722 | 1,345,128 |
Robert Half International, Inc.(b) | 9,102 | 1,029,163 |
Science Applications International Corp. | 7,781 | 698,578 |
Stantec, Inc. | 1,219 | 67,372 |
Teleperformance SA | 1,002 | 418,547 |
Thomson Reuters Corp. | 10,584 | 1,273,142 |
Total | 8,847,036 | |
Road & Rail 1.6% | ||
AMERCO(b) | 2,083 | 1,535,150 |
Canadian National Railway Co. | 9,217 | 1,225,032 |
Knight-Swift Transportation Holdings, Inc.(b) | 14,188 | 804,318 |
Norfolk Southern Corp. | 1,582 | 463,605 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
TFI International, Inc. | 1,117 | 123,857 |
Union Pacific Corp. | 187 | 45,142 |
Total | 4,197,104 | |
Trading Companies & Distributors 0.6% | ||
Brenntag SE | 3,167 | 301,303 |
Finning International, Inc. | 7,845 | 232,257 |
Kloeckner & Co., SE(a) | 5,057 | 67,944 |
Toromont Industries Ltd. | 592 | 52,670 |
Toyota Tsusho Corp. | 10,100 | 438,100 |
WESCO International, Inc.(a) | 4,884 | 632,771 |
Total | 1,725,045 | |
Transportation Infrastructure 0.0% | ||
Atlantia SpA(a) | 1,637 | 31,641 |
Total Industrials | 36,408,525 | |
Information Technology 12.1% | ||
Communications Equipment 0.3% | ||
Cisco Systems, Inc.(b) | 15,490 | 866,975 |
Nokia OYJ(a) | 5,311 | 30,483 |
Telefonaktiebolaget LM Ericsson, Class B | 6,621 | 72,271 |
Total | 969,729 | |
Electronic Equipment, Instruments & Components 1.0% | ||
Arrow Electronics, Inc.(a),(b) | 14,969 | 1,732,662 |
Flex Ltd.(a),(b) | 21,910 | 370,279 |
Jabil, Inc. | 9,791 | 587,068 |
Total | 2,690,009 | |
IT Services 2.8% | ||
Accenture PLC, Class A(b) | 4,257 | 1,527,369 |
Amdocs Ltd. | 4,957 | 385,853 |
Bechtle AG | 167 | 12,527 |
Capgemini SE | 2,942 | 685,966 |
CGI, Inc.(a) | 1,422 | 127,033 |
Cognizant Technology Solutions Corp., Class A | 9,829 | 767,547 |
Concentrix Corp. | 3,986 | 708,232 |
Fidelity National Information Services, Inc. | 2,867 | 317,492 |
FleetCor Technologies, Inc.(a) | 2,636 | 652,173 |
Gartner, Inc.(a),(b) | 2,963 | 983,449 |
Global Payments, Inc. | 2,176 | 311,146 |
12 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Otsuka Corp. | 900 | 44,331 |
Western Union Co. (The)(b) | 51,682 | 941,646 |
Total | 7,464,764 | |
Semiconductors & Semiconductor Equipment 2.4% | ||
Applied Materials, Inc. | 5,274 | 720,692 |
ASML Holding NV | 462 | 375,560 |
Broadcom, Inc. | 1,084 | 576,330 |
Disco Corp. | 1,500 | 404,396 |
Ferrotec Holdings Corp. | 1,600 | 53,671 |
Infineon Technologies AG | 968 | 45,333 |
KLA Corp. | 1,272 | 474,151 |
Kulicke & Soffa Industries, Inc.(b) | 8,832 | 503,424 |
Micron Technology, Inc. | 7,179 | 496,069 |
NXP Semiconductors NV | 2,002 | 402,122 |
ON Semiconductor Corp.(a) | 5,854 | 281,402 |
Qorvo, Inc.(a),(b) | 5,391 | 906,928 |
QUALCOMM, Inc.(b) | 5,691 | 757,130 |
Sumco Corp. | 21,000 | 401,281 |
Total | 6,398,489 | |
Software 4.7% | ||
Bentley Systems, Inc., Class B(b) | 2,822 | 166,921 |
Check Point Software Technologies Ltd.(a),(b) | 8,221 | 983,232 |
Constellation Software, Inc. | 500 | 878,713 |
Fair Isaac Corp.(a),(b) | 137 | 54,553 |
Fortinet, Inc.(a),(b) | 2,536 | 852,958 |
Microsoft Corp.(b) | 9,338 | 3,096,668 |
NortonLifeLock, Inc.(b) | 29,501 | 750,801 |
Open Text Corp. | 5,591 | 281,628 |
Oracle Corp.(b) | 4,549 | 436,431 |
Oracle Corp. Japan | 10,500 | 993,557 |
PTC, Inc.(a),(b) | 1,985 | 252,790 |
Software AG | 399 | 16,410 |
SS&C Technologies Holdings, Inc.(b) | 24,952 | 1,982,935 |
Trend Micro, Inc. | 17,100 | 966,499 |
VMware, Inc., Class A(a),(b) | 2,963 | 449,487 |
Zoom Video Communications, Inc., Class A(a),(b) | 1,471 | 404,010 |
Total | 12,567,593 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Technology Hardware, Storage & Peripherals 0.9% | ||
Apple, Inc.(b) | 7,848 | 1,175,630 |
HP, Inc.(b) | 9,129 | 276,883 |
NetApp, Inc. | 7,185 | 641,621 |
Western Digital Corp.(a) | 6,822 | 356,722 |
Total | 2,450,856 | |
Total Information Technology | 32,541,440 | |
Materials 4.3% | ||
Chemicals 2.5% | ||
Axalta Coating Systems Ltd.(a) | 18,127 | 565,381 |
BASF SE | 797 | 57,363 |
Corteva, Inc. | 15,145 | 653,507 |
Covestro AG | 4,965 | 317,952 |
Dow, Inc.(b) | 20,496 | 1,147,161 |
DuPont de Nemours, Inc. | 11,412 | 794,275 |
Evonik Industries AG | 1,533 | 49,670 |
FMC Corp. | 2,408 | 219,152 |
Ingevity Corp.(a) | 3,025 | 235,678 |
LANXESS AG | 1,208 | 81,398 |
Linde PLC | 922 | 294,302 |
Mitsui Chemicals, Inc. | 1,600 | 47,574 |
Mosaic Co. (The) | 8,007 | 332,851 |
Nutrien Ltd. | 941 | 65,770 |
Scotts Miracle-Gro Co. (The), Class A | 1,778 | 263,962 |
Solvay SA | 1,718 | 204,223 |
Tronox Holdings PLC, Class A | 14,091 | 328,602 |
Umicore SA | 2,206 | 126,484 |
Valvoline, Inc. | 13,734 | 466,407 |
Wacker Chemie AG | 914 | 165,166 |
Yara International ASA | 5,606 | 292,986 |
Total | 6,709,864 | |
Construction Materials 0.2% | ||
Buzzi Unicem SpA | 13,533 | 315,636 |
HeidelbergCement AG | 201 | 15,136 |
Holcim Ltd., Registered Shares(a) | 3,997 | 199,381 |
Total | 530,153 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 13 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Containers & Packaging 0.4% | ||
Avery Dennison Corp. | 1,465 | 318,960 |
Crown Holdings, Inc. | 3,844 | 399,738 |
Graphic Packaging Holding Co. | 13,123 | 261,541 |
Huhtamaki OYJ | 2,785 | 121,435 |
Total | 1,101,674 | |
Metals & Mining 0.9% | ||
Alamos Gold, Inc., Class A | 958 | 7,106 |
ArcelorMittal SA | 4,384 | 148,268 |
Aurubis AG | 2,748 | 236,795 |
Barrick Gold Corp. | 653 | 11,983 |
BlueScope Steel Ltd. | 40,412 | 631,482 |
Boliden AB | 2,694 | 94,975 |
Endeavour Mining PLC | 550 | 13,972 |
Ferroglobe PLC(a) | 54,365 | 360,440 |
First Quantum Minerals Ltd. | 1,998 | 47,302 |
Kinross Gold Corp. | 20,945 | 125,914 |
Lundin Mining Corp. | 15,179 | 132,093 |
Norsk Hydro ASA | 7,924 | 58,205 |
Nucor Corp.(b) | 3,617 | 403,838 |
Rio Tinto Ltd. | 377 | 25,829 |
SSAB AB, Class A(a) | 25,831 | 147,194 |
Teck Resources Ltd., Class B | 4,061 | 113,338 |
ThyssenKrupp AG(a) | 2,869 | 29,865 |
Yamana Gold, Inc. | 2,091 | 8,211 |
Total | 2,596,810 | |
Paper & Forest Products 0.3% | ||
Oji Holdings Corp. | 28,600 | 141,763 |
Stora Enso OYJ, Class R | 4,296 | 71,483 |
UPM-Kymmene OYJ | 3,297 | 116,354 |
West Fraser Timber Co., Ltd. | 4,811 | 385,199 |
Total | 714,799 | |
Total Materials | 11,653,300 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Real Estate 0.9% | ||
Equity Real Estate Investment Trusts (REITS) 0.6% | ||
Canadian Apartment Properties REIT | 11,100 | 541,995 |
Dexus Property Group | 24,951 | 204,668 |
Host Hotels & Resorts, Inc.(a) | 17,399 | 292,825 |
Iron Mountain, Inc.(b) | 1,933 | 88,222 |
Klepierre | 9,545 | 227,231 |
Ventas, Inc. | 5,194 | 277,204 |
Total | 1,632,145 | |
Real Estate Management & Development 0.3% | ||
CK Asset Holdings Ltd. | 144,500 | 892,585 |
New World Development Co., Ltd. | 2,000 | 8,675 |
Total | 901,260 | |
Total Real Estate | 2,533,405 | |
Utilities 1.5% | ||
Electric Utilities 0.7% | ||
BKW AG | 551 | 73,001 |
Electricite de France SA | 75,774 | 1,116,754 |
Fortum OYJ | 3,767 | 112,031 |
NRG Energy, Inc.(b) | 13,635 | 543,900 |
Total | 1,845,686 | |
Gas Utilities 0.1% | ||
Italgas SpA | 24,802 | 157,579 |
Independent Power and Renewable Electricity Producers 0.2% | ||
Drax Group PLC | 56,359 | 409,889 |
Uniper SE | 2,977 | 131,604 |
Total | 541,493 | |
Multi-Utilities 0.3% | ||
A2A SpA | 69,349 | 145,934 |
Atco Ltd., Class I | 2,454 | 83,281 |
CenterPoint Energy, Inc. | 7,942 | 206,810 |
E.ON SE | 3,623 | 45,939 |
Hera | 45,923 | 187,882 |
RWE AG | 2,244 | 86,375 |
Total | 756,221 |
14 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Water Utilities 0.2% | ||
Pennon Group PLC | 43,432 | 692,764 |
Total Utilities | 3,993,743 | |
Total Common Stocks (Cost $174,600,876) | 218,387,639 |
Preferred Stocks 0.3% | |||
Issuer | Shares | Value ($) | |
Consumer Discretionary 0.2% | |||
Automobiles 0.2% | |||
BMW AG | 1,379 | 117,548 | |
Volkswagen AG | 1,433 | 321,611 | |
Total | 439,159 | ||
Total Consumer Discretionary | 439,159 | ||
Consumer Staples 0.0% | |||
Household Products 0.0% | |||
Henkel AG & Co. KGaA | 1,330 | 119,152 | |
Total Consumer Staples | 119,152 | ||
Health Care 0.1% | |||
Health Care Equipment & Supplies 0.1% | |||
Draegerwerk AG & Co. KGaA | 1,993 | 156,896 | |
Total Health Care | 156,896 | ||
Total Preferred Stocks (Cost $690,842) | 715,207 |
Warrants 0.0% | ||
Issuer | Shares | Value ($) |
Energy 0.0% | ||
Oil, Gas & Consumable Fuels 0.0% | ||
Vista Oil & Gas SAB de CV(a),(c),(d) | 692,543 | 140,271 |
Total Energy | 140,271 | |
Total Warrants (Cost $137,248) | 140,271 | |
Money Market Funds 11.2% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 0.072%(e),(f) | 30,147,172 | 30,144,157 |
Total Money Market Funds (Cost $30,140,647) | 30,144,157 | |
Total Investments (Cost $205,569,613) | 249,387,274 | |
Investments in Securities Sold Short | ||
Common Stocks (36.0)% | ||
Issuer | Shares | Value ($) |
Communication Services (1.6)% | ||
Diversified Telecommunication Services (0.3)% | ||
BCE, Inc. | (385) | (19,819) |
Elisa OYJ | (1,177) | (71,032) |
Infrastrutture Wireless Italiane SpA | (23,658) | (261,376) |
Proximus SADP | (6,518) | (122,744) |
Swisscom AG, Registered Shares | (53) | (28,860) |
Telia Co. AB | (84,114) | (331,312) |
United Internet AG, Registered Shares | (1,913) | (70,591) |
Total | (905,734) | |
Entertainment (0.6)% | ||
Bilibili Inc., ADR(a) | (784) | (57,467) |
Cinemark Holdings Inc(a) | (11,310) | (212,628) |
CTS Eventim AG & Co. KGaA(a) | (2,507) | (182,336) |
Embracer Group AB(a) | (64,094) | (597,783) |
IMAX Corp.(a) | (13,366) | (251,949) |
Live Nation Entertainment, Inc.(a) | (3,916) | (396,103) |
Total | (1,698,266) | |
Interactive Media & Services (0.2)% | ||
Adevinta ASA(a) | (9,726) | (160,657) |
Angi, Inc.(a) | (5,097) | (63,865) |
Scout24 SE | (1,046) | (72,850) |
Twitter, Inc.(a) | (4,980) | (266,629) |
Total | (564,001) | |
Media (0.5)% | ||
Informa PLC(a) | (14,460) | (102,868) |
JCDecaux SA(a) | (11,053) | (288,376) |
New York Times Co. (The) | (8,164) | (445,673) |
Pearson PLC | (27,921) | (229,751) |
Schibsted ASA, Class A | (1,694) | (87,521) |
Stroeer SE & Co. KGaA | (756) | (64,116) |
Total | (1,218,305) | |
Wireless Telecommunication Services (0.0)% | ||
Tele2 AB, Class B | (2,074) | (29,312) |
Total Communication Services | (4,415,618) |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 15 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Consumer Discretionary (6.2)% | ||
Auto Components (0.4)% | ||
Aptiv PLC(a) | (383) | (66,217) |
Brembo SpA | (1,366) | (17,942) |
Continental AG(a) | (656) | (77,127) |
Dometic Group AB(g) | (26,424) | (385,406) |
Fox Factory Holding Corp.(a) | (2,813) | (452,752) |
Luminar Technologies, Inc.(a) | (4,935) | (80,885) |
Pirelli & C SpA | (2,823) | (17,362) |
Vitesco Technologies Group AG, Class A(a) | (59) | (3,383) |
Total | (1,101,074) | |
Automobiles (0.6)% | ||
Aston Martin Lagonda Global Holdings PLC(a),(g) | (16,223) | (378,680) |
Ferrari NV | (2,885) | (684,573) |
Fisker, Inc.(a) | (24,962) | (400,640) |
Total | (1,463,893) | |
Distributors (0.0)% | ||
D’ieteren Group | (33) | (5,690) |
Diversified Consumer Services (0.0)% | ||
WW International, Inc.(a) | (4,428) | (76,870) |
Hotels, Restaurants & Leisure (1.8)% | ||
Caesars Entertainment, Inc.(a) | (3,041) | (332,868) |
Carnival Corp.(a) | (7,844) | (173,823) |
Choice Hotels International, Inc. | (1,010) | (142,026) |
Domino’s Pizza Group PLC | (43,718) | (231,595) |
DraftKings, Inc., Class A(a) | (7,199) | (335,401) |
Evolution AB | (483) | (78,411) |
Hyatt Hotels Corp., Class A(a) | (3,740) | (318,648) |
Oriental Land Co., Ltd. | (4,200) | (663,347) |
Papa John’s International, Inc. | (2,267) | (281,289) |
PointsBet Holdings Ltd.(a) | (46,185) | (290,064) |
Restaurant Brands International, Inc. | (3,697) | (209,316) |
Royal Caribbean Cruises Ltd.(a) | (2,271) | (191,741) |
Shake Shack, Inc., Class A(a) | (1,343) | (92,895) |
Vail Resorts, Inc. | (581) | (200,277) |
Whitbread PLC(a) | (21,354) | (955,330) |
Wynn Resorts Ltd.(a) | (4,244) | (381,111) |
Total | (4,878,142) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Household Durables (0.9)% | ||
Berkeley Group Holdings PLC | (13,068) | (779,488) |
Fujitsu General Ltd. | (4,000) | (98,088) |
Hovnanian Enterprises, Inc., Class A(a) | (4,576) | (385,574) |
LGI Homes, Inc.(a) | (1,337) | (199,614) |
Purple Innovation, Inc.(a) | (21,725) | (419,292) |
Vuzix Corp.(a) | (38,754) | (414,280) |
Total | (2,296,336) | |
Internet & Direct Marketing Retail (1.2)% | ||
Chewy, Inc., Class A(a) | (3,751) | (284,326) |
Delivery Hero SE(a) | (11,010) | (1,373,223) |
Fiverr International Ltd.(a) | (990) | (168,646) |
Just Eat Takeaway.com NV(a) | (4,761) | (342,008) |
Overstock.com, Inc.(a) | (2,613) | (248,836) |
Prosus NV(a) | (5,612) | (494,322) |
Stitch Fix, Inc., Class A(a) | (2,403) | (83,144) |
Zalando SE(a) | (2,625) | (248,012) |
Total | (3,242,517) | |
Leisure Products (0.1)% | ||
Peloton Interactive, Inc.(a) | (1,168) | (106,802) |
Multiline Retail (0.0)% | ||
Dollarama, Inc. | (1,519) | (68,659) |
Specialty Retail (0.9)% | ||
CarLotz, Inc.(a) | (33,639) | (121,100) |
Carvana Co.(a) | (813) | (246,485) |
Dick’s Sporting Goods, Inc. | (1,691) | (210,039) |
Dufry AG, Registered Shares(a) | (6,154) | (325,832) |
Fast Retailing Co., Ltd. | (300) | (199,145) |
Floor & Decor Holdings, Inc., Class A(a) | (1,858) | (252,539) |
RH(a) | (205) | (135,224) |
Shift Technologies, Inc.(a) | (51,155) | (349,389) |
Vroom, Inc.(a) | (19,729) | (377,416) |
Williams-Sonoma Inc | (1,379) | (256,122) |
Total | (2,473,291) |
16 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Textiles, Apparel & Luxury Goods (0.3)% | ||
Adidas AG | (201) | (65,788) |
Canada Goose Holdings, Inc.(a) | (3,685) | (136,669) |
Crocs, Inc.(a) | (1,547) | (249,763) |
HUGO BOSS AG | (1,395) | (87,351) |
Moncler SpA | (1,597) | (114,927) |
Puma SE | (1,183) | (146,751) |
Salvatore Ferragamo SpA(a) | (3,420) | (72,771) |
Total | (874,020) | |
Total Consumer Discretionary | (16,587,294) | |
Consumer Staples (2.5)% | ||
Beverages (0.5)% | ||
Anheuser-Busch InBev SA/NV | (4,054) | (247,972) |
Davide Campari-Milano NV | (14,067) | (199,810) |
Fevertree Drinks PLC | (10,692) | (332,012) |
Heineken NV | (3,155) | (349,224) |
National Beverage Corp. | (4,471) | (252,165) |
Royal Unibrew AS | (164) | (20,373) |
Total | (1,401,556) | |
Food & Staples Retailing (0.3)% | ||
Grocery Outlet Holding, Corp.(a) | (3,768) | (83,612) |
Metro, Inc. | (198) | (9,962) |
Ocado Group PLC(a) | (26,921) | (664,426) |
Rite Aid Corp.(a) | (6,588) | (89,531) |
Total | (847,531) | |
Food Products (1.0)% | ||
AAK AB | (1,247) | (27,275) |
B&G Foods, Inc. | (9,472) | (278,856) |
Bakkafrost P/F | (1,483) | (137,183) |
Barry Callebaut AG, Registered Shares | (7) | (16,211) |
Beyond Meat, Inc.(a) | (2,578) | (255,170) |
Cal-Maine Foods, Inc. | (9,072) | (327,136) |
Campbell Soup Co. | (6,724) | (268,624) |
Chocoladefabriken Lindt & Spruengli AG | (20) | (235,692) |
Hormel Foods Corp. | (6,408) | (271,187) |
JDE Peet’s NV | (2,561) | (74,573) |
Mowi ASA | (7,189) | (208,461) |
Nestlé SA, Registered Shares | (1,705) | (224,902) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Nissin Foods Holdings Co., Ltd. | (3,700) | (282,828) |
Salmar ASA | (1,313) | (100,170) |
Saputo, Inc. | (1,535) | (36,663) |
Total | (2,744,931) | |
Household Products (0.4)% | ||
Clorox Co. (The) | (2,065) | (336,616) |
Essity AB, Class B | (9,526) | (308,563) |
Kimberly-Clark Corp. | (3,031) | (392,484) |
Total | (1,037,663) | |
Personal Products (0.2)% | ||
Beiersdorf AG | (2,649) | (281,677) |
Kose Corp. | (2,000) | (232,252) |
Total | (513,929) | |
Tobacco (0.1)% | ||
Swedish Match AB | (17,608) | (155,253) |
Total Consumer Staples | (6,700,863) | |
Energy (2.3)% | ||
Energy Equipment & Services (0.1)% | ||
Saipem SpA(a) | (59,728) | (130,862) |
SBM Offshore NV | (4,730) | (74,679) |
Tenaris SA | (1,674) | (18,642) |
Total | (224,183) | |
Oil, Gas & Consumable Fuels (2.2)% | ||
Cameco Corp. | (20,435) | (496,510) |
Enbridge, Inc. | (260) | (10,891) |
Euronav NV | (27,681) | (294,570) |
Gevo, Inc.(a) | (89,480) | (646,940) |
Green Plains, Inc.(a) | (6,142) | (233,089) |
Hess Corp. | (7,212) | (595,495) |
Keyera Corp. | (40,959) | (1,049,789) |
Koninklijke Vopak NV | (1,382) | (55,001) |
Neste OYJ | (16,644) | (926,602) |
Parkland Corp. | (941) | (27,380) |
Pembina Pipeline Corp. | (24,506) | (811,256) |
Renewable Energy Group, Inc.(a) | (4,969) | (318,016) |
TC Energy Corp. | (2,208) | (119,445) |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 17 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Thai Oil PCL | (256,100) | (429,757) |
Williams Companies, Inc. (The) | (2,164) | (60,787) |
Total | (6,075,528) | |
Total Energy | (6,299,711) | |
Financials (4.8)% | ||
Banks (2.4)% | ||
Bank of Hawaii Corp. | (4,695) | (396,728) |
Commerce Bancshares, Inc. | (6,131) | (432,297) |
Commonwealth Bank of Australia | (6,296) | (499,035) |
Community Bank System, Inc. | (6,275) | (449,729) |
Cullen/Frost Bankers, Inc. | (3,771) | (488,344) |
CVB Financial Corp. | (19,738) | (395,155) |
DBS Group Holdings Ltd. | (1,500) | (35,052) |
FinecoBank Banca Fineco SpA(a) | (25,229) | (481,818) |
First Financial Bankshares, Inc. | (9,399) | (476,717) |
Glacier Bancorp, Inc. | (6,488) | (358,722) |
Hang Seng Bank Ltd. | (24,100) | (457,971) |
HSBC Holdings PLC | (12,674) | (76,363) |
Independent Bank Corp. | (3,014) | (254,683) |
Intesa Sanpaolo SpA | (39,029) | (110,927) |
Mediobanca Banca di Credito Finanziario SpA(a) | (23,679) | (282,555) |
National Bank of Canada | (834) | (69,046) |
Nordea Bank Abp | (1,516) | (18,566) |
Royal Bank of Canada | (326) | (33,933) |
Skandinaviska Enskilda Banken AB, Class A | (10,942) | (171,109) |
Trustmark Corp. | (4,401) | (139,996) |
United Bankshares, Inc. | (11,640) | (430,564) |
Westamerica Bancorporation | (7,458) | (415,858) |
Total | (6,475,168) | |
Capital Markets (1.1)% | ||
Brookfield Asset Management, Inc., Class A | (3,544) | (213,969) |
Credit Suisse Group AG, Registered Shares | (49,448) | (514,344) |
Deutsche Bank AG(a) | (30,471) | (391,410) |
EQT AB | (6,384) | (337,202) |
Franklin Resources, Inc. | (4,607) | (145,074) |
Hamilton Lane, Inc., Class A | (1,427) | (149,136) |
Hargreaves Lansdown PLC | (13,929) | (293,107) |
Partners Group Holding AG | (119) | (207,888) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
TMX Group Ltd. | (1,001) | (108,374) |
WisdomTree Investments, Inc. | (74,621) | (476,828) |
Total | (2,837,332) | |
Consumer Finance (0.3)% | ||
Credit Acceptance Corp.(a) | (798) | (477,371) |
Zip Co., Ltd.(a) | (93,866) | (463,917) |
Total | (941,288) | |
Diversified Financial Services (0.0)% | ||
Element Fleet Management Corp. | (7,307) | (79,411) |
Insurance (1.0)% | ||
eHealth, Inc.(a) | (1,067) | (47,321) |
Gjensidige Forsikring ASA | (3,429) | (85,377) |
GoHealth, Inc., Class A(a) | (10,263) | (55,420) |
Hannover Rueck SE | (1,573) | (287,205) |
Intact Financial Corp. | (864) | (115,826) |
Japan Post Holdings Co., Ltd.(a) | (27,900) | (214,381) |
Lemonade, Inc.(a) | (8,647) | (537,498) |
Muenchener Rueckversicherungs-Gesellschaft AG, Registered Shares | (362) | (107,183) |
Prudential PLC | (14,029) | (286,303) |
RLI Corp. | (2,862) | (309,983) |
Sampo OYJ | (5,636) | (299,617) |
Sun Life Financial, Inc. | (316) | (18,009) |
Tryg A/S | (6,940) | (164,708) |
Zurich Insurance Group AG | (234) | (103,714) |
Total | (2,632,545) | |
Total Financials | (12,965,744) | |
Health Care (3.9)% | ||
Biotechnology (1.1)% | ||
Allogene Therapeutics, Inc.(a) | (4,266) | (73,546) |
Alnylam Pharmaceuticals, Inc.(a) | (610) | (97,332) |
Argenx SE(a) | (3,269) | (984,162) |
CureVac NV(a) | (2,038) | (81,663) |
Epizyme, Inc.(a) | (14,499) | (60,896) |
Exact Sciences Corp.(a) | (9,161) | (872,310) |
Galapagos NV(a) | (2,311) | (122,553) |
Global Blood Therapeutics, Inc.(a) | (1,949) | (71,177) |
Idorsia Ltd.(a) | (14,793) | (304,559) |
Inovio Pharmaceuticals, Inc.(a) | (6,691) | (47,774) |
18 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Myriad Genetics, Inc.(a) | (5,060) | (155,696) |
Oxford Nanopore Technologies PLC(a) | (15,495) | (118,434) |
Rubius Therapeutics, Inc.(a) | (3,865) | (54,922) |
Total | (3,045,024) | |
Health Care Equipment & Supplies (0.7)% | ||
Alcon, Inc. | (756) | (62,687) |
Ambu A/S | (16,440) | (467,996) |
Carl Zeiss Meditec AG | (1,680) | (338,336) |
Coloplast A/S, Class B | (242) | (39,523) |
DiaSorin SpA | (362) | (81,835) |
Elekta AB, Class B | (2,565) | (29,868) |
Glaukos Corp.(a) | (2,089) | (95,488) |
Nevro Corp.(a) | (357) | (40,605) |
Quidel Corp.(a) | (1,169) | (155,208) |
Siemens Healthineers AG | (5,625) | (374,096) |
SmileDirectClub, Inc.(a) | (7,299) | (37,590) |
Straumann Holding AG, Registered Shares | (148) | (308,091) |
Total | (2,031,323) | |
Health Care Providers & Services (0.9)% | ||
Accolade, Inc.(a) | (10,876) | (432,756) |
Alignment Healthcare, Inc.(a) | (5,838) | (115,943) |
Amplifon SpA | (3,073) | (156,379) |
Fresenius Medical Care AG & Co KGaA | (412) | (27,369) |
Fulgent Genetics, Inc.(a) | (1,118) | (92,704) |
Hims & Hers Health, Inc.(a) | (16,360) | (127,608) |
Oak Street Health, Inc.(a) | (28,190) | (1,331,414) |
Progyny, Inc.(a) | (1,579) | (96,998) |
Total | (2,381,171) | |
Health Care Technology (0.2)% | ||
CompuGroup Medical SE & Co KgaA | (905) | (75,639) |
GoodRx Holdings, Inc., Class A(a) | (3,250) | (144,950) |
Multiplan Corp.(a) | (18,662) | (80,433) |
Teladoc Health, Inc.(a) | (978) | (146,299) |
Total | (447,321) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Life Sciences Tools & Services (0.2)% | ||
Bachem Holding AG, Registered B Shares | (116) | (93,376) |
Evotec SE(a) | (4,007) | (194,239) |
Gerresheimer AG | (2,005) | (183,964) |
Lonza Group AG, Registered Shares | (230) | (189,014) |
Total | (660,593) | |
Pharmaceuticals (0.8)% | ||
Aclaris Therapeutics, Inc.(a) | (19,144) | (332,148) |
Canopy Growth Corp.(a) | (72,063) | (911,269) |
Cassava Sciences, Inc.(a) | (2,530) | (109,119) |
Merck KGaA | (346) | (81,769) |
Nippon Shinyaku Co., Ltd. | (2,400) | (192,280) |
Novo Nordisk A/S, Class B | (34) | (3,728) |
Provention Bio, Inc.(a) | (22,743) | (142,371) |
Recordati Industria Chimica e Farmaceutica SpA | (1,025) | (64,223) |
Royalty Pharma PLC, Class A | (3,507) | (138,632) |
Vifor Pharma AG | (718) | (92,712) |
Total | (2,068,251) | |
Total Health Care | (10,633,683) | |
Industrials (6.2)% | ||
Aerospace & Defense (0.2)% | ||
Boeing Co. (The)(a) | (1,338) | (277,006) |
CAE, Inc.(a) | (897) | (27,201) |
MTU Aero Engines AG | (693) | (154,357) |
Virgin Galactic Holdings, Inc.(a) | (6,618) | (124,088) |
Total | (582,652) | |
Air Freight & Logistics (0.4)% | ||
Cargojet, Inc. | (3,841) | (611,562) |
ZTO Express Cayman, Inc., ADR | (14,669) | (430,242) |
Total | (1,041,804) | |
Airlines (1.0)% | ||
Air Canada(a) | (18,980) | (340,309) |
Blade Air Mobility, Inc.(a) | (31,913) | (302,216) |
Deutsche Lufthansa AG, Registered Shares(a) | (3,304) | (21,841) |
JET2 PLC(a) | (16,272) | (270,833) |
Qantas Airways Ltd.(a) | (146,093) | (591,682) |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 19 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Singapore Airlines Ltd.(a) | (139,000) | (535,435) |
Spirit Airlines, Inc.(a) | (22,768) | (497,481) |
Total | (2,559,797) | |
Building Products (0.5)% | ||
ASSA ABLOY AB, Class B | (487) | (14,290) |
Belimo Holding AG, Registered Shares | (25) | (14,526) |
Lennox International, Inc. | (1,318) | (394,451) |
Nibe Industrier AB, Class B | (8,645) | (128,583) |
ROCKWOOL International A/S, Class B | (277) | (126,676) |
Trex Co., Inc.(a) | (2,576) | (274,086) |
Xinyi Glass Holdings Ltd. | (100,000) | (281,795) |
Total | (1,234,407) | |
Commercial Services & Supplies (0.3)% | ||
Boyd Group Services, Inc. | (87) | (16,885) |
GFL Environmental, Inc. | (1,482) | (60,940) |
Healthcare Services Group, Inc. | (5,573) | (106,946) |
MSA Safety, Inc. | (2,327) | (356,101) |
Ritchie Bros. Auctioneers, Inc. | (312) | (21,325) |
Tomra Systems ASA | (2,176) | (140,636) |
Total | (702,833) | |
Construction & Engineering (0.2)% | ||
AECOM(a) | (4,803) | (328,381) |
Sweco AB, Class B | (4,397) | (70,015) |
WSP Global, Inc. | (468) | (63,446) |
Total | (461,842) | |
Electrical Equipment (2.4)% | ||
Array Technologies, Inc.(a) | (21,529) | (459,644) |
Ballard Power Systems, Inc.(a) | (91,423) | (1,656,931) |
ITM Power PLC(a) | (74,458) | (497,923) |
NEL ASA(a) | (67,257) | (142,401) |
Plug Power, Inc.(a) | (39,675) | (1,518,362) |
PowerCell Sweden AB(a) | (4,238) | (94,717) |
Siemens Energy AG(a) | (179) | (5,137) |
Sunrun, Inc.(a) | (22,098) | (1,274,613) |
Varta AG | (1,112) | (171,368) |
Vestas Wind Systems A/S | (13,789) | (596,093) |
Total | (6,417,189) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Industrial Conglomerates (0.0)% | ||
Keppel Corp., Ltd. | (20,800) | (83,004) |
Lifco AB, Class B | (1,166) | (33,999) |
Total | (117,003) | |
Machinery (0.6)% | ||
Aalberts NV | (250) | (13,837) |
Alfa Laval AB | (233) | (9,995) |
Atlas Copco AB, Class A | (2,751) | (177,161) |
Enerpac Tool Group Corp. | (13,232) | (276,416) |
Epiroc AB, Class A | (3,837) | (95,470) |
Interpump Group SpA | (111) | (8,177) |
Knorr-Bremse AG | (248) | (26,174) |
NTN Corp.(a) | (90,100) | (195,385) |
Proto Labs, Inc.(a) | (2,379) | (142,288) |
Rational AG | (251) | (249,129) |
Schindler Holding AG | (182) | (47,391) |
Sulzer AG, Registered Shares | (304) | (29,885) |
VAT Group AG | (691) | (330,319) |
Total | (1,601,627) | |
Professional Services (0.2)% | ||
Dun & Bradstreet Holdings, Inc.(a) | (11,506) | (216,773) |
Nielsen Holdings PLC | (14,146) | (286,457) |
Wolters Kluwer NV | (856) | (89,639) |
Total | (592,869) | |
Road & Rail (0.1)% | ||
Full Truck Alliance Co., Ltd., ADR(a) | (16,024) | (228,342) |
Trading Companies & Distributors (0.2)% | ||
Beijer Ref AB | (842) | (17,279) |
IMCD NV | (794) | (176,303) |
Indutrade AB | (1,385) | (40,375) |
MonotaRO Co., Ltd. | (19,200) | (437,602) |
Total | (671,559) |
20 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Transportation Infrastructure (0.1)% | ||
Flughafen Zurich AG(a) | (729) | (131,648) |
Fraport AG Frankfurt Airport Services Worldwide(a) | (2,972) | (212,711) |
Groupe Eurotunnel SE | (641) | (9,866) |
SATS Ltd(a) | (10,500) | (32,656) |
Total | (386,881) | |
Total Industrials | (16,598,805) | |
Information Technology (3.5)% | ||
Communications Equipment (0.0)% | ||
Nokia OYJ(a) | (9,034) | (51,851) |
Electronic Equipment, Instruments & Components (0.5)% | ||
Adyen NV(a) | (25) | (75,433) |
Hexagon AB, Class B | (5,059) | (81,418) |
Hirose Electric Co., Ltd. | (1,500) | (250,846) |
Itron, Inc.(a) | (2,832) | (220,244) |
MicroVision, Inc.(a) | (28,939) | (220,226) |
Novanta, Inc.(a) | (2,728) | (470,744) |
Total | (1,318,911) | |
IT Services (0.7)% | ||
Bechtle AG | (6,337) | (475,362) |
BigCommerce Holdings, Inc., Series 1(a) | (202) | (9,334) |
Jack Henry & Associates, Inc. | (1,534) | (255,380) |
Nexi SpA(a) | (23,437) | (407,503) |
Nuvei Corp.(a) | (65) | (7,812) |
Okta, Inc.(a) | (1,236) | (305,515) |
Shopify, Inc., Class A(a) | (71) | (103,667) |
Twilio, Inc.(a) | (874) | (254,649) |
Total | (1,819,222) | |
Semiconductors & Semiconductor Equipment (0.7)% | ||
Allegro MicroSystems, Inc.(a) | (9,206) | (307,112) |
ams AG(a) | (8,670) | (171,652) |
ASM International NV | (82) | (37,112) |
Canadian Solar, Inc.(a) | (3,651) | (151,699) |
Melexis NV | (2,587) | (298,375) |
SolarEdge Technologies, Inc.(a) | (433) | (153,576) |
Wolfspeed, Inc.(a) | (3,416) | (410,296) |
Xinyi Solar Holdings Ltd. | (104,000) | (216,035) |
Total | (1,745,857) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Software (1.5)% | ||
Appfolio, Inc., Class A(a) | (2,030) | (267,331) |
Appian Corp.(a) | (1,838) | (182,716) |
Blackberry Ltd.(a) | (1,087) | (11,743) |
Blackline, Inc.(a) | (3,352) | (425,268) |
Ceridian HCM Holding, Inc.(a) | (2,760) | (345,690) |
Constellation Software, Inc. | (17) | (29,876) |
Descartes Systems Group, Inc. (The)(a) | (152) | (12,413) |
Duck Creek Technologies, Inc.(a) | (5,961) | (187,772) |
Guidewire Software, Inc.(a) | (3,705) | (465,830) |
Kinaxis, Inc.(a) | (353) | (54,787) |
Lightspeed Commerce, Inc.(a) | (471) | (45,909) |
Nemetschek SE | (2,289) | (262,815) |
Palantir Technologies, Inc., Class A(a) | (7,765) | (200,958) |
Q2 Holdings, Inc.(a) | (3,636) | (285,281) |
SAP SE | (1,147) | (166,098) |
SimCorp A/S | (534) | (64,664) |
Sinch AB(a) | (21,803) | (415,015) |
Splunk, Inc.(a) | (1,441) | (237,506) |
TeamViewer AG(a) | (8,655) | (129,178) |
Temenos AG, Registered Shares | (600) | (91,858) |
Wisetech Global Ltd. | (4,891) | (190,621) |
Total | (4,073,329) | |
Technology Hardware, Storage & Peripherals (0.1)% | ||
Canon, Inc. | (11,700) | (266,051) |
Logitech International SA, Registered Shares | (552) | (46,176) |
Total | (312,227) | |
Total Information Technology | (9,321,397) | |
Materials (3.8)% | ||
Chemicals (1.7)% | ||
Akzo Nobel NV | (425) | (48,840) |
Christian Hansen Holding A/S | (3,146) | (250,311) |
Danimer Scientific, Inc.(a) | (15,934) | (235,186) |
Diversey Holdings Ltd.(a) | (15,643) | (272,188) |
Ecolab, Inc. | (650) | (144,443) |
EMS-Chemie Holding AG, Registered Shares | (158) | (156,724) |
Givaudan SA, Registered Shares | (42) | (197,901) |
International Flavors & Fragrances, Inc. | (81) | (11,943) |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 21 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Johnson Matthey PLC | (3,582) | (133,879) |
Koninklijke DSM NV | (1,338) | (292,324) |
Nippon Paint Holdings Co., Ltd. | (80,500) | (861,337) |
Novozymes A/S, Class B | (2,506) | (184,339) |
OCI NV(a) | (200) | (5,670) |
Quaker Chemical Corp. | (1,131) | (278,045) |
Sika AG | (1,325) | (448,883) |
Symrise AG | (1,379) | (190,746) |
Umicore SA | (7,693) | (441,090) |
Yara International ASA | (7,205) | (376,554) |
Total | (4,530,403) | |
Construction Materials (0.1)% | ||
Sumitomo Osaka Cement Co., Ltd. | (5,700) | (159,719) |
Containers & Packaging (0.2)% | ||
CCL Industries, Inc., Class B | (210) | (11,479) |
Greif, Inc., Class A | (3,209) | (207,558) |
International Paper Co. | (3,883) | (192,869) |
SIG Combibloc Group AG(a) | (5,382) | (140,754) |
Total | (552,660) | |
Metals & Mining (1.6)% | ||
Agnico Eagle Mines Ltd. | (363) | (19,268) |
Antofagasta PLC | (23,926) | (466,682) |
Aperam SA | (89) | (5,306) |
Bellevue Gold Ltd.(a) | (207,878) | (133,832) |
Cleveland-Cliffs, Inc.(a) | (11,434) | (275,674) |
Compass Minerals International, Inc. | (7,370) | (483,472) |
Franco-Nevada Corp. | (1,415) | (201,903) |
Ivanhoe Mines Ltd., Class A(a) | (136,600) | (1,071,740) |
KGHM Polska Miedz SA | (7,657) | (294,436) |
Lithium Americas Corp.(a) | (17,800) | (516,338) |
Northern Star Resources Ltd. | (28,303) | (195,937) |
Pan American Silver Corp. | (1,679) | (42,965) |
Southern Copper Corp. | (7,812) | (468,642) |
SSR Mining, Inc. | (2,577) | (40,646) |
Wheaton Precious Metals Corp. | (3,346) | (135,073) |
Total | (4,351,914) |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Paper & Forest Products (0.2)% | ||
Holmen AB, B Shares | (2,592) | (115,075) |
Nippon Paper Industries Co., Ltd. | (36,800) | (377,211) |
Svenska Cellulosa AB SCA, Class B | (6,688) | (104,501) |
Total | (596,787) | |
Total Materials | (10,191,483) | |
Real Estate (0.7)% | ||
Equity Real Estate Investment Trusts (REITS) (0.4)% | ||
Alexandria Real Estate Equities, Inc. | (1,348) | (275,181) |
EastGroup Properties, Inc. | (1,260) | (249,203) |
Extra Space Storage, Inc. | (888) | (175,264) |
SL Green Realty Corp. | (3,677) | (257,647) |
Total | (957,295) | |
Real Estate Management & Development (0.3)% | ||
City Developments Ltd. | (9,200) | (49,942) |
Howard Hughes Corp. (The)(a) | (2,980) | (259,647) |
KE Holdings, Inc., ADR(a) | (2,466) | (44,931) |
Redfin Corp.(a) | (10,664) | (547,490) |
Total | (902,010) | |
Total Real Estate | (1,859,305) | |
Utilities (0.5)% | ||
Electric Utilities (0.3)% | ||
Elia Group SA/NV | (1,355) | (158,079) |
Emera, Inc. | (2,823) | (131,341) |
Enel SpA | (12,259) | (102,630) |
Ørsted AS | (2,085) | (294,491) |
Terna - Rete Elettrica Nazionale | (19,611) | (146,118) |
Total | (832,659) | |
Gas Utilities (0.1)% | ||
AltaGas, Ltd. | (676) | (13,994) |
Snam SpA | (18,548) | (105,052) |
Total | (119,046) | |
Independent Power and Renewable Electricity Producers (0.1)% | ||
Boralex, Inc., Class A | (3,611) | (111,750) |
Capital Power Corp. | (258) | (8,474) |
Innergex Renewable Energy, Inc. | (8,253) | (137,372) |
TransAlta Renewables, Inc. | (1,796) | (26,586) |
Total | (284,182) |
22 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Multi-Utilities (0.0)% | ||
Algonquin Power & Utilities Corp. | (5,990) | (86,346) |
Total Utilities | (1,322,233) | |
Total Common Stocks (Proceeds $95,452,993) | (96,896,136) |
Preferred Stocks (0.0)% | |||
Issuer | Shares | Value ($) | |
Health Care (0.0)% | |||
Health Care Equipment & Supplies (0.0)% | |||
Sartorius AG | (88) | (57,001) | |
Total Health Care | (57,001) |
Preferred Stocks (continued) | |||
Issuer | Shares | Value ($) | |
Materials (0.0)% | |||
Chemicals (0.0)% | |||
Fuchs Petrolub SE | (1,272) | (60,935) | |
Total Materials | (60,935) | ||
Total Preferred Stocks (Proceeds $108,678) | (117,936) | ||
Total Investments in Securities Sold Short (Proceeds $95,561,671) | (97,014,072) |
Total Investments in Securities, Net of Securities Sold Short | 152,373,202 | |
Other Assets & Liabilities, Net | 117,056,561 | |
Net Assets | 269,429,763 |
Forward foreign currency exchange contracts | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
5,000 AUD | 3,683 USD | Citi | 12/15/2021 | — | (79) |
64,000 CAD | 51,791 USD | Citi | 12/15/2021 | 74 | — |
100,500 CAD | 78,884 USD | Citi | 12/15/2021 | — | (2,327) |
102,500 CHF | 112,221 USD | Citi | 12/15/2021 | 126 | — |
159,500 CHF | 173,424 USD | Citi | 12/15/2021 | — | (1,006) |
389,000 DKK | 61,468 USD | Citi | 12/15/2021 | 950 | — |
699,503 EUR | 821,572 USD | Citi | 12/15/2021 | 12,084 | — |
38,500 HKD | 4,947 USD | Citi | 12/15/2021 | — | (2) |
713,500 JPY | 6,437 USD | Citi | 12/15/2021 | 174 | — |
83,500 NOK | 9,999 USD | Citi | 12/15/2021 | 118 | — |
457,500 NOK | 53,182 USD | Citi | 12/15/2021 | — | (956) |
683,000 SEK | 79,848 USD | Citi | 12/15/2021 | 269 | — |
756,001 SEK | 87,495 USD | Citi | 12/15/2021 | — | (589) |
42,753 SGD | 31,778 USD | Citi | 12/15/2021 | 80 | — |
100,252 SGD | 73,942 USD | Citi | 12/15/2021 | — | (387) |
368,716 USD | 508,000 AUD | Citi | 12/15/2021 | 13,492 | — |
1,190,633 USD | 1,510,006 CAD | Citi | 12/15/2021 | 29,562 | — |
1,617 USD | 2,000 CAD | Citi | 12/15/2021 | — | (1) |
209,530 USD | 194,000 CHF | Citi | 12/15/2021 | 2,629 | — |
1,150,500 USD | 1,051,000 CHF | Citi | 12/15/2021 | — | (1,123) |
605,562 USD | 3,835,000 DKK | Citi | 12/15/2021 | — | (8,932) |
2,145,948 USD | 1,827,004 EUR | Citi | 12/15/2021 | — | (31,678) |
421,867 USD | 309,251 GBP | Citi | 12/15/2021 | 1,428 | — |
383,018 USD | 279,252 GBP | Citi | 12/15/2021 | — | (785) |
158,546 USD | 1,234,500 HKD | Citi | 12/15/2021 | 139 | — |
964 USD | 7,500 HKD | Citi | 12/15/2021 | — | — |
32,596 USD | 105,002 ILS | Citi | 12/15/2021 | 597 | — |
1,266,566 USD | 139,089,001 JPY | Citi | 12/15/2021 | — | (45,617) |
223,440 USD | 1,974,005 NOK | Citi | 12/15/2021 | 10,151 | — |
297 USD | 2,500 NOK | Citi | 12/15/2021 | — | (1) |
12,771 USD | 18,500 NZD | Citi | 12/15/2021 | 477 | — |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 23 |
October 31, 2021 (Unaudited)
Forward foreign currency exchange contracts (continued) | |||||
Currency to be sold | Currency to be purchased | Counterparty | Settlement date | Unrealized appreciation ($) | Unrealized depreciation ($) |
488,954 USD | 4,258,505 SEK | Citi | 12/15/2021 | 7,218 | — |
3,500 USD | 30,000 SEK | Citi | 12/15/2021 | — | (4) |
29,665 USD | 40,250 SGD | Citi | 12/15/2021 | 177 | — |
79,845 USD | 107,259 SGD | Citi | 12/15/2021 | — | (321) |
5,000 AUD | 3,683 USD | JPMorgan | 12/15/2021 | — | (79) |
64,000 CAD | 51,791 USD | JPMorgan | 12/15/2021 | 74 | — |
100,500 CAD | 78,884 USD | JPMorgan | 12/15/2021 | — | (2,327) |
102,500 CHF | 112,221 USD | JPMorgan | 12/15/2021 | 126 | — |
159,500 CHF | 173,424 USD | JPMorgan | 12/15/2021 | — | (1,006) |
389,000 DKK | 61,468 USD | JPMorgan | 12/15/2021 | 950 | — |
699,497 EUR | 821,564 USD | JPMorgan | 12/15/2021 | 12,083 | — |
38,500 HKD | 4,947 USD | JPMorgan | 12/15/2021 | — | (2) |
713,500 JPY | 6,437 USD | JPMorgan | 12/15/2021 | 174 | — |
83,500 NOK | 9,999 USD | JPMorgan | 12/15/2021 | 118 | — |
457,500 NOK | 53,181 USD | JPMorgan | 12/15/2021 | — | (956) |
683,000 SEK | 79,847 USD | JPMorgan | 12/15/2021 | 269 | — |
755,999 SEK | 87,495 USD | JPMorgan | 12/15/2021 | — | (589) |
42,750 SGD | 31,775 USD | JPMorgan | 12/15/2021 | 80 | — |
100,245 SGD | 73,937 USD | JPMorgan | 12/15/2021 | — | (387) |
368,717 USD | 508,000 AUD | JPMorgan | 12/15/2021 | 13,492 | — |
1,190,625 USD | 1,509,994 CAD | JPMorgan | 12/15/2021 | 29,561 | — |
1,617 USD | 2,000 CAD | JPMorgan | 12/15/2021 | — | (1) |
209,530 USD | 194,000 CHF | JPMorgan | 12/15/2021 | 2,629 | — |
1,150,501 USD | 1,051,000 CHF | JPMorgan | 12/15/2021 | — | (1,125) |
605,563 USD | 3,835,000 DKK | JPMorgan | 12/15/2021 | — | (8,932) |
2,145,941 USD | 1,826,996 EUR | JPMorgan | 12/15/2021 | — | (31,681) |
421,864 USD | 309,249 GBP | JPMorgan | 12/15/2021 | 1,428 | — |
383,013 USD | 279,248 GBP | JPMorgan | 12/15/2021 | — | (785) |
158,546 USD | 1,234,500 HKD | JPMorgan | 12/15/2021 | 139 | — |
964 USD | 7,500 HKD | JPMorgan | 12/15/2021 | — | — |
32,595 USD | 104,998 ILS | JPMorgan | 12/15/2021 | 596 | — |
1,266,568 USD | 139,088,999 JPY | JPMorgan | 12/15/2021 | — | (45,618) |
223,440 USD | 1,973,995 NOK | JPMorgan | 12/15/2021 | 10,151 | — |
297 USD | 2,500 NOK | JPMorgan | 12/15/2021 | — | (1) |
12,771 USD | 18,500 NZD | JPMorgan | 12/15/2021 | 477 | — |
488,953 USD | 4,258,495 SEK | JPMorgan | 12/15/2021 | 7,217 | — |
3,500 USD | 30,000 SEK | JPMorgan | 12/15/2021 | — | (4) |
29,664 USD | 40,248 SGD | JPMorgan | 12/15/2021 | 177 | — |
79,833 USD | 107,243 SGD | JPMorgan | 12/15/2021 | — | (321) |
Total | 159,486 | (187,622) |
Long futures contracts | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
Amsterdam Index | 4 | 11/2021 | EUR | 646,976 | 34,369 | — |
CAC40 Index | 12 | 11/2021 | EUR | 819,180 | 40,149 | — |
DAX Index | 1 | 12/2021 | EUR | 391,600 | — | (858) |
FTSE 100 Index | 12 | 12/2021 | GBP | 866,880 | 32,978 | — |
FTSE/MIB Index | 2 | 12/2021 | EUR | 267,470 | 13,625 | — |
Hang Seng Index | 1 | 11/2021 | HKD | 1,265,200 | — | (1,757) |
IBEX 35 Index | 4 | 11/2021 | EUR | 361,824 | 8,064 | — |
MSCI Singapore Index | 6 | 11/2021 | SGD | 220,800 | — | (500) |
OMXS30 Index | 14 | 11/2021 | SEK | 3,202,500 | 8,992 | — |
S&P 500 Index E-mini | 101 | 12/2021 | USD | 23,214,850 | 882,761 | — |
S&P/TSX 60 Index | 5 | 12/2021 | CAD | 1,260,500 | 28,472 | — |
24 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Long futures contracts (continued) | ||||||
Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
SPI 200 Index | 5 | 12/2021 | AUD | 910,000 | — | (10,754) |
TOPIX Index | 12 | 12/2021 | JPY | 239,100,000 | — | (62,828) |
Total | 1,049,410 | (76,697) |
Total return swap contracts | ||||||||||||
Fund receives | Fund pays | Payment frequency | Counterparty | Maturity date | Notional currency | Notional amount | Value ($) | Periodic payments receivable (payable) ($) | Upfront payments ($) | Upfront receipts ($) | Unrealized appreciation ($) | Unrealized depreciation ($) |
Total return on a portfolio of long and short positions† | 1-Month AUD BBSW, 1-Month HKD HIBOR or 1-Month JPY BBA LIBOR based on the local currencies of the positions within the swap | Monthly | JPMorgan | 02/07/2022 | USD | 58,929,429 | (369,722) | — | — | — | — | (369,722) |
SOFR minus 1.642%†† | Total return on Sillajen, Inc. | Monthly | Macquarie | 09/19/2023 | USD | 33,734 | 24,736††† | (15) | — | — | 24,721 | — |
Total return on Samsung Electronics Co., Ltd. | SOFR plus 0.800% | Monthly | Macquarie | 09/19/2023 | USD | 250,797 | (109) | 859 | — | — | 750 | — |
SOFR minus 3.000% | Total return on Acer, Inc. | Monthly | Macquarie | 09/19/2023 | USD | 192,275 | (5,217) | (158) | — | — | — | (5,375) |
SOFR minus 1.000% | Total return on Advantech Ltd. | Monthly | Macquarie | 09/19/2023 | USD | 286,589 | (14,205) | 4 | — | — | — | (14,201) |
Total return on a portfolio of long and short positions† | 1-Day Overnight Fed Funds Effective Rate, ESTR or SONIA based on the local currencies of the positions within the swap | Monthly | Morgan Stanley International | 08/21/2023 | USD | 161,211,550 | (1,052,298) | — | — | — | — | (1,052,298) |
Total | (1,416,815) | 690 | — | — | 25,471 | (1,441,596) |
† | By investing in the total return swap contract, the Fund gains exposure to the underlying investments that make up the custom basket/index without having to own the underlying investments directly. The components of the custom basket/index are available on Multi-Manager Directional Alternative Strategies Fund’s page of columbiathreadneedleus.com website. |
†† | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2021, the total value of these swap contracts amounted to $24,736, which represents 0.01% of total net assets. |
††† | Valuation based on significant unobservable inputs. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 25 |
October 31, 2021 (Unaudited)
Total return swap contracts on futures | ||||||||
Reference instrument* | Counterparty | Expiration date | Trading currency | Notional amount long(short) | Upfront payments ($) | Upfront receipts ($) | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
Swiss Market Index Dec 21 | Citi | 12/2021 | CHF | 120,930 | — | — | 1,114 | — |
Hang Seng Index Nov 21 | JPMorgan | 11/2021 | HKD | 1,265,200 | — | — | — | (1,885) |
Swiss Market Index Dec 21 | Morgan Stanley International | 12/2021 | CHF | 1,088,370 | — | — | 9,433 | — |
Total | — | — | 10,547 | (1,885) |
* | If the notional amount of the swap contract is long and the swap contract’s value is positive (negative), the Fund will receive (pay) the total return. If the notional amount of the swap contract is short and the swap contract’s value is positive (negative), the Fund will pay (receive) the total return. Receipts and payments occur upon termination of the contract. |
Reference index and values for swap contracts as of period end | ||
Reference index | Reference rate | |
1-Day Overnight Fed Funds Effective Rate | Overnight Federal Funds Effective Rate | 0.080% |
1-Month AUD BBSW | Bank Bill Swap Rate | 0.010% |
1-Month HKD HIBOR | Hong Kong Interbank Offered Rate | 0.068% |
1-Month JPY BBA LIBOR | London Interbank Offered Rate | (0.075%) |
ESTR | Euro Short Term Rate | (0.578%) |
SOFR | Secured Overnight Financing Rate | 0.050% |
SONIA | Sterling Overnight Index Average | 0.050% |
(a) | Non-income producing investment. |
(b) | This security or a portion of this security has been pledged as collateral in connection with investments sold short. |
(c) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At October 31, 2021, the total value of these securities amounted to $140,271, which represents 0.05% of total net assets. |
(d) | Valuation based on significant unobservable inputs. |
(e) | The rate shown is the seven-day current annualized yield at October 31, 2021. |
(f) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended October 31, 2021 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 0.072% | ||||||||
22,000,966 | 104,011,829 | (95,868,638) | — | 30,144,157 | — | 7,388 | 30,147,172 |
(g) | 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 October 31, 2021, the total value of these securities amounted to $764,086, which represents 0.28% of total net assets. |
ADR | American Depositary Receipt |
SDR | Swedish Depositary Receipt |
AUD | Australian Dollar |
CAD | Canada Dollar |
CHF | Swiss Franc |
26 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
DKK | Danish Krone |
EUR | Euro |
GBP | British Pound |
HKD | Hong Kong Dollar |
ILS | Israeli Shekel |
JPY | Japanese Yen |
NOK | Norwegian Krone |
NZD | New Zealand Dollar |
SEK | Swedish Krona |
SGD | Singapore Dollar |
USD | US Dollar |
■ | Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments. |
■ | Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
■ | Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments). |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Investments in Securities | ||||
Common Stocks | ||||
Communication Services | 15,658,354 | 1,787,464 | — | 17,445,818 |
Consumer Discretionary | 14,953,973 | 7,961,306 | — | 22,915,279 |
Consumer Staples | 10,021,707 | 3,296,108 | — | 13,317,815 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 27 |
October 31, 2021 (Unaudited)
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | |
Energy | 15,563,634 | 721,271 | — | 16,284,905 |
Financials | 19,731,215 | 10,691,991 | — | 30,423,206 |
Health Care | 25,885,627 | 4,984,576 | — | 30,870,203 |
Industrials | 25,006,893 | 11,401,632 | — | 36,408,525 |
Information Technology | 28,439,155 | 4,102,285 | — | 32,541,440 |
Materials | 7,956,683 | 3,696,617 | — | 11,653,300 |
Real Estate | 1,200,246 | 1,333,159 | — | 2,533,405 |
Utilities | 833,991 | 3,159,752 | — | 3,993,743 |
Total Common Stocks | 165,251,478 | 53,136,161 | — | 218,387,639 |
Preferred Stocks | ||||
Consumer Discretionary | — | 439,159 | — | 439,159 |
Consumer Staples | — | 119,152 | — | 119,152 |
Health Care | — | 156,896 | — | 156,896 |
Total Preferred Stocks | — | 715,207 | — | 715,207 |
Warrants | ||||
Energy | — | — | 140,271 | 140,271 |
Total Warrants | — | — | 140,271 | 140,271 |
Money Market Funds | 30,144,157 | — | — | 30,144,157 |
Total Investments in Securities | 195,395,635 | 53,851,368 | 140,271 | 249,387,274 |
Investments in Securities Sold Short | ||||
Common Stocks | ||||
Communication Services | (1,714,133) | (2,701,485) | — | (4,415,618) |
Consumer Discretionary | (8,450,678) | (8,136,616) | — | (16,587,294) |
Consumer Staples | (2,602,006) | (4,098,857) | — | (6,700,863) |
Energy | (4,369,598) | (1,930,113) | — | (6,299,711) |
Financials | (7,075,992) | (5,889,752) | — | (12,965,744) |
Health Care | (6,046,851) | (4,586,832) | — | (10,633,683) |
Industrials | (10,292,492) | (6,306,313) | — | (16,598,805) |
Information Technology | (5,623,334) | (3,698,063) | — | (9,321,397) |
Materials | (4,609,432) | (5,582,051) | — | (10,191,483) |
Real Estate | (1,809,363) | (49,942) | — | (1,859,305) |
Utilities | (515,863) | (806,370) | — | (1,322,233) |
Total Common Stocks | (53,109,742) | (43,786,394) | — | (96,896,136) |
Preferred Stocks | ||||
Health Care | — | (57,001) | — | (57,001) |
Materials | — | (60,935) | — | (60,935) |
Total Preferred Stocks | — | (117,936) | — | (117,936) |
Total Investments in Securities Sold Short | (53,109,742) | (43,904,330) | — | (97,014,072) |
Total Investments in Securities, Net of Securities Sold Short | 142,285,893 | 9,947,038 | 140,271 | 152,373,202 |
Investments in Derivatives | ||||
Asset | ||||
Forward Foreign Currency Exchange Contracts | — | 159,486 | — | 159,486 |
Futures Contracts | 1,049,410 | — | — | 1,049,410 |
Swap Contracts | — | 11,297 | 24,721 | 36,018 |
Liability | ||||
Forward Foreign Currency Exchange Contracts | — | (187,622) | — | (187,622) |
Futures Contracts | (76,697) | — | — | (76,697) |
Swap Contracts | — | (1,443,481) | — | (1,443,481) |
Total | 143,258,606 | 8,486,718 | 164,992 | 151,910,316 |
28 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Derivative instruments are valued at unrealized appreciation (depreciation).
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 29 |
October 31, 2021 (Unaudited)
Assets | |
Investments in securities, at value | |
Unaffiliated issuers (cost $175,428,966) | $219,243,117 |
Affiliated issuers (cost $30,140,647) | 30,144,157 |
Cash | 150,000 |
Foreign currency (cost $591,165) | 591,216 |
Cash collateral held at broker for: | |
Swap contracts | 10,937,135 |
Securities sold short | 101,119,267 |
Other(a) | 4,020,000 |
Margin deposits on: | |
Futures contracts | 1,906,524 |
Unrealized appreciation on forward foreign currency exchange contracts | 159,486 |
Unrealized appreciation on swap contracts | 36,018 |
Receivable for: | |
Investments sold | 2,282,260 |
Capital shares sold | 472,074 |
Dividends | 147,874 |
Foreign tax reclaims | 309,722 |
Variation margin for futures contracts | 57,651 |
Expense reimbursement due from Investment Manager | 1,157 |
Prepaid expenses | 4,788 |
Trustees’ deferred compensation plan | 38,274 |
Other assets | 5,161 |
Total assets | 371,625,881 |
Liabilities | |
Securities sold short, at value (proceeds $95,561,671) | 97,014,072 |
Unrealized depreciation on forward foreign currency exchange contracts | 187,622 |
Unrealized depreciation on swap contracts | 1,443,481 |
Payable for: | |
Investments purchased | 2,988,941 |
Capital shares purchased | 207,290 |
Dividends and interest on securities sold short | 114,252 |
Variation margin for futures contracts | 25,423 |
Management services fees | 11,829 |
Transfer agent fees | 36,759 |
Compensation of board members | 7,233 |
Compensation of chief compliance officer | 8 |
Other expenses | 120,934 |
Trustees’ deferred compensation plan | 38,274 |
Total liabilities | 102,196,118 |
Net assets applicable to outstanding capital stock | $269,429,763 |
Represented by | |
Paid in capital | 224,489,843 |
Total distributable earnings (loss) | 44,939,920 |
Total - representing net assets applicable to outstanding capital stock | $269,429,763 |
Institutional Class | |
Net assets | $269,429,763 |
Shares outstanding | 36,404,290 |
Net asset value per share | $7.40 |
(a) | Includes collateral related to forward foreign exchange contracts and swap contracts. |
30 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
Six Months Ended October 31, 2021 (Unaudited)
Net investment income | |
Income: | |
Dividends — unaffiliated issuers | $2,111,605 |
Dividends — affiliated issuers | 7,388 |
Foreign taxes withheld | (125,966) |
Total income | 1,993,027 |
Expenses: | |
Management services fees | 2,089,667 |
Transfer agent fees | |
Institutional Class | 241,181 |
Compensation of board members | 9,780 |
Custodian fees | 185,572 |
Printing and postage fees | 23,451 |
Registration fees | 19,275 |
Audit fees | 26,324 |
Legal fees | 7,442 |
Interest on collateral | 465 |
Dividends and interest on securities sold short | 783,172 |
Interest on interfund lending | 8 |
Compensation of chief compliance officer | 36 |
Other | 5,125 |
Total expenses | 3,391,498 |
Fees waived or expenses reimbursed by Investment Manager and its affiliates | (204,736) |
Total net expenses | 3,186,762 |
Net investment loss | (1,193,735) |
Realized and unrealized gain (loss) — net | |
Net realized gain (loss) on: | |
Investments — unaffiliated issuers | 17,171,541 |
Foreign currency translations | (25,391) |
Forward foreign currency exchange contracts | (333,653) |
Futures contracts | 4,146,438 |
Securities sold short | (8,535,275) |
Swap contracts | (2,261,609) |
Net realized gain | 10,162,051 |
Net change in unrealized appreciation (depreciation) on: | |
Investments — unaffiliated issuers | (7,070,078) |
Foreign currency translations | (248,076) |
Forward foreign currency exchange contracts | 27,039 |
Futures contracts | (841,862) |
Securities sold short | 6,701,224 |
Swap contracts | (402,677) |
Net change in unrealized appreciation (depreciation) | (1,834,430) |
Net realized and unrealized gain | 8,327,621 |
Net increase in net assets resulting from operations | $7,133,886 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 31 |
Six Months Ended October 31, 2021 (Unaudited) | Year Ended April 30, 2021 | |
Operations | ||
Net investment loss | $(1,193,735) | $(3,194,998) |
Net realized gain | 10,162,051 | 15,647,061 |
Net change in unrealized appreciation (depreciation) | (1,834,430) | 34,887,283 |
Net increase in net assets resulting from operations | 7,133,886 | 47,339,346 |
Increase (decrease) in net assets from capital stock activity | (16,054,346) | 9,851,969 |
Total increase (decrease) in net assets | (8,920,460) | 57,191,315 |
Net assets at beginning of period | 278,350,223 | 221,158,908 |
Net assets at end of period | $269,429,763 | $278,350,223 |
Six Months Ended | Year Ended | |||
October 31, 2021 (Unaudited) | April 30, 2021 | |||
Shares | Dollars ($) | Shares | Dollars ($) | |
Capital stock activity | ||||
Institutional Class | ||||
Subscriptions | 3,875,831 | 28,526,538 | 8,789,623 | 55,388,433 |
Redemptions | (5,971,677) | (44,580,884) | (7,151,858) | (45,536,464) |
Net increase (decrease) | (2,095,846) | (16,054,346) | 1,637,765 | 9,851,969 |
Total net increase (decrease) | (2,095,846) | (16,054,346) | 1,637,765 | 9,851,969 |
32 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
Institutional Class | Six Months Ended October 31, 2021 (Unaudited) | Year Ended April 30, | ||||
2021 | 2020 | 2019 | 2018 | 2017 (a) | ||
Per share data | ||||||
Net asset value, beginning of period | $7.23 | $6.00 | $6.78 | $10.82 | $10.60 | $10.25 |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.03) | (0.08) | (0.01) | (0.01) | (0.09) | (0.01) |
Net realized and unrealized gain (loss) | 0.20 | 1.31 | (0.72) | (0.80) | 0.92 | 0.36 |
Total from investment operations | 0.17 | 1.23 | (0.73) | (0.81) | 0.83 | 0.35 |
Distributions to shareholders | ||||||
Distributions from net investment income | — | — | — | (0.06) | (0.18) | — |
Distributions from net realized gains | — | — | (0.05) | (3.17) | (0.43) | — |
Total distributions to shareholders | — | — | (0.05) | (3.23) | (0.61) | — |
Net asset value, end of period | $7.40 | $7.23 | $6.00 | $6.78 | $10.82 | $10.60 |
Total return | 2.35% | 20.50% | (10.81%) | (5.65%) | 7.67% | 3.41% |
Ratios to average net assets | ||||||
Total gross expenses(b) | 2.60%(c),(d),(e),(f) | 2.90%(d),(e),(f) | 2.31%(d),(e) | 2.16%(d),(e),(f) | 2.36%(d) | 2.49%(c),(d) |
Total net expenses(b),(g) | 2.44%(c),(d),(e),(f) | 2.71%(d),(e),(f) | 2.19%(d),(e) | 2.12%(d),(e),(f) | 2.36%(d) | 2.29%(c),(d) |
Net investment loss | (0.91%)(c) | (1.31%) | (0.14%) | (0.11%) | (0.83%) | (0.05%)(c) |
Supplemental data | ||||||
Net assets, end of period (in thousands) | $269,430 | $278,350 | $221,159 | $251,976 | $290,666 | $1,049,952 |
Portfolio turnover | 110% | 254% | 197% | 146%(h) | 158% | 100% |
Notes to Financial Highlights | |
(a) | Institutional Class shares commenced operations on January 3, 2017. Per share data and total return reflect activity from that date. |
(b) | 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. |
(c) | Annualized. |
(d) | Ratios include dividends and interest on securities sold short. If dividends and interest on securities sold short had been excluded, annualized expenses would have been lower by: |
Class | 10/31/2021 | 4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 | 4/30/2017 |
Institutional Class | 0.60% | 0.87% | 0.32% | 0.19% | 0.40% | 0.46% |
(e) | Ratios include interest on collateral expense which is less than 0.01%. |
(f) | Ratios include interfund lending expense which is less than 0.01%. |
(g) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(h) | The rate for the year ended April 30, 2019, as disclosed in the April 30, 2020 and 2019 financial statements was calculated and presented incorrectly and has been corrected. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 33 |
October 31, 2021 (Unaudited)
34 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 35 |
October 31, 2021 (Unaudited)
36 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 37 |
October 31, 2021 (Unaudited)
Asset derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | 1,049,410* |
Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | 36,018* |
Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | 159,486 |
Total | 1,244,914 |
Liability derivatives | ||
Risk exposure category | Statement of assets and liabilities location | Fair value ($) |
Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | 76,697* |
Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on swap contracts | 1,443,481* |
Foreign exchange risk | Unrealized depreciation on forward foreign currency exchange contracts | 187,622 |
Total | 1,707,800 |
* | Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin is reported in receivables or payables in the Statement of Assets and Liabilities. |
38 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Amount of realized gain (loss) on derivatives recognized in income | ||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Swap contracts ($) | Total ($) |
Equity risk | — | 4,146,438 | (2,261,609) | 1,884,829 |
Foreign exchange risk | (333,653) | — | — | (333,653) |
Total | (333,653) | 4,146,438 | (2,261,609) | 1,551,176 |
Change in unrealized appreciation (depreciation) on derivatives recognized in income | ||||
Risk exposure category | Forward foreign currency exchange contracts ($) | Futures contracts ($) | Swap contracts ($) | Total ($) |
Equity risk | — | (841,862) | (402,677) | (1,244,539) |
Foreign exchange risk | 27,039 | — | — | 27,039 |
Total | 27,039 | (841,862) | (402,677) | (1,217,500) |
Derivative instrument | Average notional amounts ($)* |
Futures contracts — long | 30,901,434 |
Derivative instrument | Average unrealized appreciation ($)* | Average unrealized depreciation ($)* |
Forward foreign currency exchange contracts | 128,216 | (312,402) |
Total return swap contracts | 377,642 | (734,863) |
* | Based on the ending quarterly outstanding amounts for the six months ended October 31, 2021. |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 39 |
October 31, 2021 (Unaudited)
Citi ($) | JPMorgan ($) (a) | JPMorgan ($) (a) | Macquarie ($) | Morgan Stanley ($) | Morgan Stanley International ($) | Total ($) | |
Assets | |||||||
Forward foreign currency exchange contracts | 79,745 | 79,741 | - | - | - | 159,486 | |
OTC total return swap contracts (b) | - | - | - | 25,471 | - | - | 25,471 |
OTC total return swap contracts on futures (b) | 1,114 | - | - | - | 9,433 | 10,547 | |
Total assets | 80,859 | 79,741 | - | 25,471 | - | 9,433 | 195,504 |
Liabilities | |||||||
Forward foreign currency exchange contracts | 93,808 | 93,814 | - | - | - | 187,622 | |
OTC total return swap contracts (b) | - | 369,722 | - | 19,576 | 1,052,298 | 1,441,596 | |
OTC total return swap contracts on futures (b) | - | 1,885 | - | - | - | 1,885 | |
Securities borrowed | - | - | 35,767,574 | - | 61,246,498 | - | 97,014,072 |
Total liabilities | 93,808 | 465,421 | 35,767,574 | 19,576 | 61,246,498 | 1,052,298 | 98,645,175 |
Total financial and derivative net assets | (12,949) | (385,680) | (35,767,574) | 5,895 | (61,246,498) | (1,042,865) | (98,449,671) |
Total collateral received (pledged) (c) | (12,949) | (385,680) | (35,767,574) | - | (61,246,498) | (1,042,865) | (98,455,566) |
Net amount (d) | - | - | - | 5,895 | - | - | 5,895 |
(a) | Exposure can only be netted across transactions governed under the same master agreement with the same legal entity. |
(b) | Over-the-Counter (OTC) swap contracts are presented at market value plus periodic payments receivable (payable), which is comprised of unrealized appreciation, unrealized depreciation, upfront payments and upfront receipts. |
(c) | In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization. |
(d) | Represents the net amount due from/(to) counterparties in the event of default. |
40 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 41 |
October 31, 2021 (Unaudited)
Effective rate (%) | |
Institutional Class | 0.18 |
42 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Fee rate(s) contractual through August 31, 2022 | |
Institutional Class | 1.84% |
Federal tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized (depreciation) ($) | Net unrealized appreciation ($) |
110,008,000 | 55,146,000 | (13,244,000) | 41,902,000 |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 43 |
October 31, 2021 (Unaudited)
Borrower or lender | Average loan balance ($) | Weighted average interest rate (%) | Number of days with outstanding loans |
Borrower | 400,000 | 0.68 | 1 |
44 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
October 31, 2021 (Unaudited)
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 45 |
October 31, 2021 (Unaudited)
46 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
• | Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to benchmarks; |
• | Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge; |
• | The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses, and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets; |
• | Terms of the Advisory Agreements; |
• | Subadvisory fees payable by the Investment Manager under the Subadvisory Agreements; |
• | Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund; |
• | Descriptions of various services performed by the Investment Manager and the Subadvisers under the Advisory Agreements, including portfolio management and portfolio trading practices; |
• | Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager; |
• | Information regarding the resources of the Investment Manager and Subadvisers, including information regarding senior management, portfolio managers and other personnel; |
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 47 |
• | Information regarding the capabilities of the Investment Manager and the Subadvisers with respect to compliance monitoring services; |
• | The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and |
• | Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL). |
48 | Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 |
Investment performance
Multi-Manager Directional Alternative Strategies Fund | Semiannual Report 2021 | 49 |
concluded that 2019 profitability was reasonable and that the 2021 information shows that the profitability generated by the Investment Manager in 2020 increased slightly from 2019 levels. It also took into account the indirect economic benefits flowing to the Investment Manager or its affiliates in connection with managing or distributing the Funds, such as the enhanced ability to offer various other financial products to Ameriprise Financial customers, soft dollar benefits and overall reputational advantages. The Board noted that the fees paid by the Fund should permit the Investment Manager to offer competitive compensation to its personnel, make necessary investments in its business and earn an appropriate profit. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions, that the costs of services provided and the profitability to the Investment Manager and its affiliates from their relationships with the Fund supported the continuation of the Management Agreement and the Subadvisory Agreements.
50 | Multi-Manager Directional Alternative Strategies 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 I |
| |
By (Signature and Title) | /s/ Daniel J. Beckman |
| ||
|
|
| Daniel J. Beckman, President and Principal Executive Officer |
|
Date |
| December 21, 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 |
| December 21, 2021 |
|
By (Signature and Title) | /s/ Michael G. Clarke | ||
|
| Michael G. Clarke, Chief Financial Officer, Principal Financial Officer | |
|
| and Senior Vice President | |
Date |
| December 21, 2021 |
|
By (Signature and Title) | /s/ Joseph Beranek | ||
|
| Joseph Beranek, Treasurer, Chief Accounting Officer and Principal | |
|
| Financial Officer | |
Date |
| December 21, 2021 |
|