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UNITED STATES |
OMB APPROVAL |
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OMB Number: 3235-0578 | |
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FORM N-Q |
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QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
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Investment Company Act file number |
811-01829 |
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| ||||||
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Columbia Acorn Trust | ||||||
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(Exact name of registrant as specified in charter) | ||||||
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225 Franklin Street, Boston, Massachusetts |
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02110 | ||||
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(Address of principal executive offices) |
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(Zip code) | ||||
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Scott R. Plummer 5228 Ameriprise Financial Center Minneapolis, MN 55474 | ||||||
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(Name and address of agent for service) | ||||||
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Registrant’s telephone number, including area code: |
1-612-671-1947 |
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Date of fiscal year end: |
December 31 |
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Date of reporting period: |
March 31, 2011 |
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Item 1. Schedule of Investments.
Columbia Acorn Fund
Statement of Investments (Unaudited), March 31, 2011
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
Equities: 97.2% |
|
|
| |||
|
Information 26.5% |
|
|
| |||
|
|
|
> Business Software 6.2% |
|
|
| |
|
5,200,000 |
|
Informatica (a)(b) |
|
$ |
271,596 |
|
|
|
|
Enterprise Data Integration Software |
|
|
| |
|
2,700,000 |
|
Micros Systems (a) |
|
133,461 |
| |
|
|
|
Information Systems for Hotels, Restaurants & Retailers |
|
|
| |
|
2,100,000 |
|
ANSYS (a) |
|
113,799 |
| |
|
|
|
Simulation Software for Engineers & Designers |
|
|
| |
|
1,100,000 |
|
Quality Systems |
|
91,674 |
| |
|
|
|
IT Systems for Medical Groups & Ambulatory Care Centers |
|
|
| |
|
1,480,000 |
|
Concur Technologies (a) |
|
82,066 |
| |
|
|
|
Web Enabled Cost & Expense Management Software |
|
|
| |
|
1,919,615 |
|
Constant Contact (a)(b)(c) |
|
66,995 |
| |
|
|
|
E-mail & Other Marketing Campaign Management Systems Delivered Over the Web |
|
|
| |
|
1,700,000 |
|
Blackboard (a) |
|
61,608 |
| |
|
|
|
Education Software |
|
|
| |
|
2,250,000 |
|
Blackbaud (b) |
|
61,290 |
| |
|
|
|
Software & Services for Non-profits |
|
|
| |
|
2,025,000 |
|
Kenexa (a)(b) |
|
55,870 |
| |
|
|
|
Recruiting & Workforce Management Solutions |
|
|
| |
|
1,800,000 |
|
NetSuite (a) |
|
52,344 |
| |
|
|
|
End to End IT Systems Solutions Delivered Over the Web |
|
|
| |
|
2,000,000 |
|
Tyler Technologies (a)(b) |
|
47,420 |
| |
|
|
|
Financial, Tax, Court & Document Management Systems for Local Governments |
|
|
| |
|
1,200,000 |
|
Ariba (a) |
|
40,968 |
| |
|
|
|
Cost Management Software |
|
|
| |
|
850,000 |
|
Red Hat (a) |
|
38,581 |
| |
|
|
|
Maintenance & Support for Open Source & Middleware |
|
|
| |
|
920,000 |
|
Jack Henry & Associates |
|
31,179 |
| |
|
|
|
Systems Financial Institutions |
|
|
| |
|
690,000 |
|
Advent Software (a) |
|
19,782 |
| |
|
|
|
Asset Management & Trading Systems |
|
|
| |
|
900,000 |
|
SPS Commerce (a)(b) |
|
13,959 |
| |
|
|
|
Supply Chain Management Software Delivered via the Web |
|
|
| |
|
1,500,000 |
|
Actuate (a) |
|
7,800 |
| |
|
|
|
Information Delivery Software & Solutions |
|
|
| |
|
1,000,000 |
|
InContact (a) |
|
3,300 |
| |
|
|
|
Call Center Systems Delivered via the Web & Telecommunications Services |
|
|
| |
|
|
|
|
|
1,193,692 |
| |
|
|
|
> Instrumentation 3.9% |
|
|
| |
|
1,600,000 |
|
Mettler Toledo (a) |
|
275,200 |
| |
|
|
|
Laboratory Equipment |
|
|
| |
|
2,780,000 |
|
IPG Photonics (a)(b) |
|
160,350 |
| |
|
|
|
Fiber Lasers |
|
|
| |
|
5,914,999 |
|
Hexagon (Sweden) |
|
141,224 |
| |
|
|
|
Measurement Equipment & Software |
|
|
| |
|
2,035,000 |
|
Trimble Navigation (a) |
|
102,849 |
| |
|
|
|
GPS-based Instruments |
|
|
| |
|
300,000 |
|
Dionex (a) |
|
35,415 |
| |
|
|
|
Ion & Liquid Chromatography |
|
|
| |
|
600,000 |
|
FLIR Systems |
|
20,766 |
| |
|
|
|
Infrared Cameras |
|
|
| |
|
400,000 |
|
Hamamatsu Photonics (Japan) |
|
15,855 |
| |
|
|
|
Optical Sensors for Medical & Industrial Applications |
|
|
| |
|
|
|
|
|
751,659 |
| |
|
|
|
> Computer Hardware & Related Equipment 2.7% |
|
|
| |
|
3,565,000 |
|
Amphenol |
|
193,900 |
| |
|
|
|
Electronic Connectors |
|
|
| |
|
2,275,000 |
|
II-VI (a)(b) |
|
113,181 |
| |
|
|
|
Laser Optics & Specialty Materials |
|
|
| |
|
1,605,000 |
|
Zebra Technologies (a) |
|
62,980 |
| |
|
|
|
Bar Code Printers |
|
|
| |
|
1,140,000 |
|
Dolby Laboratories (a) |
|
56,100 |
| |
|
|
|
Audio Technology for Consumer Electronics |
|
|
| |
|
1,200,000 |
|
Netgear (a) |
|
38,928 |
| |
|
|
|
Networking Products for Small Business & Home |
|
|
| |
|
800,000 |
|
Nice Systems - ADR (Israel) (a) |
|
29,552 |
| |
|
|
|
Audio & Video Recording Solutions |
|
|
| |
|
605,000 |
|
Stratasys (a) |
|
28,435 |
| |
|
|
|
Rapid Prototyping Systems |
|
|
| |
|
|
|
|
|
523,076 |
| |
|
|
|
> Mobile Communications 2.2% |
|
|
| |
|
6,300,000 |
|
Crown Castle International (a) |
|
268,065 |
| |
|
|
|
Communications Towers |
|
|
| |
|
3,150,000 |
|
SBA Communications (a) |
|
124,992 |
| |
|
|
|
Communications Towers |
|
|
| |
|
1,000,000 |
|
MetroPCS Communications (a) |
|
16,240 |
| |
|
|
|
Discount Cellular Telephone Services |
|
|
| |
|
1,500,000 |
|
Globalstar (a) |
|
1,905 |
| |
|
|
|
Satellite Mobile Voice & Data Carrier |
|
|
| |
|
|
|
|
|
411,202 |
| |
|
|
|
> Semiconductors & Related Equipment 2.0% |
|
|
| |
|
8,130,000 |
|
Atmel (a) |
|
110,812 |
| |
|
|
|
Microcontrollers, Radio Frequency & Memory Semiconductors |
|
|
| |
|
2,345,000 |
|
Microsemi (a) |
|
48,565 |
| |
|
|
|
Analog/Mixed-signal Semiconductors |
|
|
| |
|
5,000,000 |
|
Entegris (a) |
|
43,850 |
| |
|
|
|
Semiconductor Materials Management Products |
|
|
| |
|
3,440,000 |
|
ON Semiconductor (a) |
|
33,953 |
| |
|
|
|
Mixed-signal & Power Management Semiconductors |
|
|
| |
|
500,000 |
|
Littelfuse |
|
28,550 |
| |
|
|
|
Little Fuses |
|
|
| |
|
1,900,000 |
|
IXYS (a)(b) |
|
25,517 |
| |
|
|
|
Power Semiconductors |
|
|
| |
|
1,750,000 |
|
TriQuint Semiconductor (a) |
|
22,592 |
| |
|
|
|
Radio Frequency Semiconductors |
|
|
| |
|
972,700 |
|
Supertex (a)(b) |
|
21,672 |
| |
|
|
|
Analog/Mixed-signal Semiconductors |
|
|
| |
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
|
|
> Semiconductors & Related Equipment—continued |
|
|
| |
|
1,765,000 |
|
Pericom Semiconductor (a)(b) |
|
$ |
18,303 |
|
|
|
|
Interface Integrated Circuits (ICs) & Frequency Control Products |
|
|
| |
|
1,650,000 |
|
Applied Micro Circuits (a) |
|
17,127 |
| |
|
|
|
Communications Semiconductors |
|
|
| |
|
800,000 |
|
Monolithic Power Systems (a) |
|
11,352 |
| |
|
|
|
High Performance Analog & Mixed-signal Integrated Circuits (ICs) |
|
|
| |
|
|
|
|
|
382,293 |
| |
|
|
|
> Telephone and Data Services 1.9% |
|
|
| |
|
9,500,000 |
|
tw telecom (a)(b) |
|
182,400 |
| |
|
|
|
Fiber Optic Telephone/Data Services |
|
|
| |
|
1,265,000 |
|
AboveNet |
|
82,048 |
| |
|
|
|
Metropolitan Fiber Communications Services |
|
|
| |
|
2,520,000 |
|
Cogent Communications (a)(b) |
|
35,960 |
| |
|
|
|
Internet Data Pipelines |
|
|
| |
|
9,600,000 |
|
PAETEC Holding (a)(b) |
|
32,064 |
| |
|
|
|
Telephone/Data Services for Business |
|
|
| |
|
2,000,000 |
|
General Communications (a) |
|
21,880 |
| |
|
|
|
Commercial Communications & Consumer CATV, Web & Phone in Alaska |
|
|
| |
|
|
|
|
|
354,352 |
| |
|
|
|
> Telecommunications Equipment 1.6% |
|
|
| |
|
2,305,000 |
|
Polycom (a) |
|
119,514 |
| |
|
|
|
Video Conferencing Equipment |
|
|
| |
|
685,000 |
|
F5 Networks (a) |
|
70,260 |
| |
|
|
|
Internet Traffic Management Equipment |
|
|
| |
|
1,725,000 |
|
Finisar (a) |
|
42,435 |
| |
|
|
|
Optical Sub-systems & Components |
|
|
| |
|
1,260,000 |
|
Blue Coat Systems (a) |
|
35,482 |
| |
|
|
|
WAN Acceleration & Network Security |
|
|
| |
|
1,720,000 |
|
Ixia (a) |
|
27,314 |
| |
|
|
|
Telecom Network Test Equipment |
|
|
| |
|
1,925,000 |
|
Infinera (a) |
|
16,151 |
| |
|
|
|
Optical Networking Equipment |
|
|
| |
|
|
|
|
|
311,156 |
| |
|
|
|
> Computer Services 1.1% |
|
|
| |
|
2,900,000 |
|
iGate (b) |
|
54,433 |
| |
|
|
|
IT & BPO (Business Process Outsourcing) Services |
|
|
| |
|
1,655,000 |
|
SRA International (a) |
|
46,936 |
| |
|
|
|
Government IT Services |
|
|
| |
|
2,064,900 |
|
Virtusa (a)(b) |
|
38,675 |
| |
|
|
|
Offshore IT Outsourcing |
|
|
| |
|
1,560,000 |
|
Acxiom (a) |
|
22,386 |
| |
|
|
|
Database Marketing Services |
|
|
| |
|
1,045,000 |
|
ExlService Holdings (a) |
|
22,102 |
| |
|
|
|
BPO (Business Process Outsourcing) |
|
|
| |
|
4,500,000 |
|
Hackett Group (a)(b) |
|
17,280 |
| |
|
|
|
IT Integration & Best Practice Research |
|
|
| |
|
1,000,000 |
|
WNS - ADR (India) (a) |
|
10,550 |
| |
|
|
|
Offshore BPO (Business Process Outsourcing) Services |
|
|
| |
|
|
|
|
|
212,362 |
| |
|
|
|
> Gaming Equipment & Services 1.0% |
|
|
| |
|
3,725,000 |
|
Bally Technologies (a)(b) |
|
140,991 |
| |
|
|
|
Slot Machines & Software |
|
|
| |
|
1,150,000 |
|
WMS Industries (a) |
|
40,653 |
| |
|
|
|
Slot Machine Provider |
|
|
| |
|
|
|
|
|
181,644 |
| |
|
|
|
> CATV 0.9% |
|
|
| |
|
3,000,000 |
|
Discovery Communications, Series C (a) |
|
105,630 |
| |
|
|
|
Cable TV Programming |
|
|
| |
|
1,250,000 |
|
Liberty Global, Series A (a) |
|
51,763 |
| |
|
|
|
Cable TV Franchises Outside the USA |
|
|
| |
|
17,770 |
|
Jupiter Telecommunications (Japan) |
|
17,474 |
| |
|
|
|
Largest Cable Service Provider in Japan |
|
|
| |
|
|
|
|
|
174,867 |
| |
|
|
|
> Financial Processors 0.9% |
|
|
| |
|
2,429,000 |
|
Global Payments |
|
118,827 |
| |
|
|
|
Credit Card Processor |
|
|
| |
|
5,000,000 |
|
Singapore Exchange (Singapore) |
|
31,121 |
| |
|
|
|
Singapore Equity & Derivatives Market Operator |
|
|
| |
|
750,000 |
|
Hong Kong Exchanges and Clearing (Hong Kong) |
|
16,245 |
| |
|
|
|
Hong Kong Equity & Derivatives Market Operator |
|
|
| |
|
|
|
|
|
166,193 |
| |
|
|
|
> Electronics Distribution 0.6% |
|
|
| |
|
3,125,000 |
|
Avnet (a) |
|
106,531 |
| |
|
|
|
Electronic Components Distribution |
|
|
| |
|
|
|
|
|
106,531 |
| |
|
|
|
> Contract Manufacturing 0.4% |
|
|
| |
|
1,490,000 |
|
Plexus (a) |
|
52,239 |
| |
|
|
|
Electronic Manufacturing Services |
|
|
| |
|
2,800,000 |
|
Sanmina-SCI (a) |
|
31,388 |
| |
|
|
|
Electronic Manufacturing Services |
|
|
| |
|
|
|
|
|
83,627 |
| |
|
|
|
> Business Information & Marketing Services 0.4% |
|
|
| |
|
900,000 |
|
FTI Consulting (a) |
|
34,497 |
| |
|
|
|
Financial Consulting Firm |
|
|
| |
|
3,100,000 |
|
Navigant Consulting (a)(b) |
|
30,969 |
| |
|
|
|
Financial Consulting Firm |
|
|
| |
|
450,000 |
|
Verisk Analytics (a) |
|
14,742 |
| |
|
|
|
Risk & Decision Analytics |
|
|
| |
|
|
|
|
|
80,208 |
| |
|
|
|
> Internet Related 0.3% |
|
|
| |
|
435,000 |
|
Equinix (a) |
|
39,628 |
| |
|
|
|
Network Neutral Data Centers |
|
|
| |
|
464,305 |
|
Mail.ru - GDR (Russia) (a)(d) |
|
13,906 |
| |
|
|
|
Internet Social Networking & Games for Russian Speakers |
|
|
| |
|
1,000,000 |
|
TheStreet.com |
|
3,350 |
| |
|
|
|
Financial Information Websites |
|
|
| |
|
|
|
|
|
56,884 |
| |
Columbia Acorn Fund
Statement of Investments (Unaudited), continued
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
|
|
> Entertainment Programming 0.1% |
|
|
| |
|
800,000 |
|
IMAX (Canada) (a) |
|
$ |
25,584 |
|
|
|
|
IMAX Movies, Theatre Equipment & Theatre Joint Ventures |
|
|
| |
|
|
|
|
|
25,584 |
| |
|
|
|
> Consumer Software 0.1% |
|
|
| |
|
3,567,000 |
|
THQ (a)(b) |
|
16,266 |
| |
|
|
|
Entertainment Software |
|
|
| |
|
|
|
|
|
16,266 |
| |
|
|
|
> Radio 0.1% |
|
|
| |
|
1,541,000 |
|
Salem Communications (b) |
|
5,779 |
| |
|
|
|
Radio Stations for Religious Programming |
|
|
| |
|
164,991 |
|
Saga Communications (a) |
|
5,738 |
| |
|
|
|
Radio Stations in Small & Mid-sized Cities |
|
|
| |
|
2,400,000 |
|
Spanish Broadcasting System (a)(b) |
|
2,280 |
| |
|
|
|
Spanish Language Radio Stations |
|
|
| |
|
|
|
|
|
13,797 |
| |
|
|
|
> TV Broadcasting 0.1% |
|
|
| |
|
2,500,000 |
|
Entravision Communications (a) |
|
6,775 |
| |
|
|
|
Spanish Language TV & Radio Stations |
|
|
| |
|
1,750,000 |
|
Gray Television (a) |
|
3,623 |
| |
|
|
|
Mid-market Affiliated TV Stations |
|
|
| |
|
|
|
|
|
10,398 |
| |
|
|
|
> Advertising —% |
|
|
| |
|
1,500,000 |
|
VisionChina Media - ADR (China) (a)(c) |
|
6,495 |
| |
|
|
|
Advertising on Digital Screens in China’s Mass Transit System |
|
|
| |
|
|
|
|
|
6,495 |
| |
|
Information: Total |
|
5,062,286 |
| |||
|
|
|
|
| |||
|
Industrial Goods & Services 18.3% |
|
|
| |||
|
|
|
> Machinery 10.1% |
|
|
| |
|
6,750,000 |
|
Ametek |
|
296,122 |
| |
|
|
|
Aerospace/Industrial Instruments |
|
|
| |
|
4,200,000 |
|
Donaldson (b) |
|
257,418 |
| |
|
|
|
Industrial Air Filtration |
|
|
| |
|
1,500,000 |
|
Nordson |
|
172,590 |
| |
|
|
|
Dispensing Systems for Adhesives & Coatings |
|
|
| |
|
3,650,000 |
|
Oshkosh (a) |
|
129,137 |
| |
|
|
|
Specialty Truck Manufacturer |
|
|
| |
|
3,350,000 |
|
Pentair |
|
126,597 |
| |
|
|
|
Pumps & Water Treatment |
|
|
| |
|
2,565,000 |
|
Clarcor (b) |
|
115,245 |
| |
|
|
|
Mobile & Industrial Filters |
|
|
| |
|
1,800,000 |
|
Pall |
|
103,698 |
| |
|
|
|
Filtration & Fluids Clarification |
|
|
| |
|
2,625,000 |
|
Kennametal |
|
102,375 |
| |
|
|
|
Consumable Cutting Tools |
|
|
| |
|
2,050,000 |
|
MOOG (a) |
|
94,116 |
| |
|
|
|
Motion Control Products for Aerospace, Defense & Industrial Markets |
|
|
| |
|
2,200,000 |
|
ESCO Technologies (b) |
|
83,930 |
| |
|
|
|
Automatic Electric Meter Readers |
|
|
| |
|
1,800,000 |
|
HEICO (b) |
|
80,964 |
| |
|
|
|
FAA Approved Aircraft Replacement Parts |
|
|
| |
|
1,150,000 |
|
WABCO Holdings (a) |
|
70,886 |
| |
|
|
|
Truck & Bus Component Supplier |
|
|
| |
|
1,525,000 |
|
Mine Safety Appliances |
|
55,922 |
| |
|
|
|
Safety Equipment |
|
|
| |
|
805,000 |
|
Toro |
|
53,307 |
| |
|
|
|
Turf Maintenance Equipment |
|
|
| |
|
1,300,000 |
|
Kaydon |
|
50,947 |
| |
|
|
|
Specialized Friction & Motion Control Products |
|
|
| |
|
600,000 |
|
Wabtec |
|
40,698 |
| |
|
|
|
Freight & Transit Component Supplier |
|
|
| |
|
1,600,000 |
|
Generac (a) |
|
32,464 |
| |
|
|
|
Stand-by Power Generators |
|
|
| |
|
287,000 |
|
Neopost (France) |
|
25,140 |
| |
|
|
|
Postage Meter Machines |
|
|
| |
|
3,500,000 |
|
Jain Irrigation Systems (India) |
|
14,038 |
| |
|
|
|
Agricultural Micro-irrigation Systems & Food Processing |
|
|
| |
|
10,000,000 |
|
Marel (Iceland) (a) |
|
11,242 |
| |
|
|
|
Largest Manufacturer of Poultry & Fish Processing Equipment |
|
|
| |
|
1,250,000 |
|
Spartan Motors |
|
8,575 |
| |
|
|
|
Specialty Truck & Chassis Manufacturer |
|
|
| |
|
|
|
|
|
1,925,411 |
| |
|
|
|
> Industrial Materials & Specialty Chemicals 2.3% |
|
|
| |
|
1,575,972 |
|
Albemarle |
|
94,196 |
| |
|
|
|
Refinery Catalysts & Other Specialty Chemicals |
|
|
| |
|
340,000 |
|
Novozymes (Denmark) |
|
52,055 |
| |
|
|
|
Industrial Enzymes |
|
|
| |
|
1,800,000 |
|
Nalco Holding Company |
|
49,158 |
| |
|
|
|
Provider of Water Treatment & Process Chemicals & Services |
|
|
| |
|
753,000 |
|
Mersen (France) |
|
41,757 |
| |
|
|
|
Advanced Industrial Materials |
|
|
| |
|
673,000 |
|
Sociedad Quimica y Minera de Chile - ADR (Chile) |
|
37,190 |
| |
|
|
|
Producer of Specialty Fertilizers, Lithium & Iodine |
|
|
| |
|
1,260,000 |
|
Drew Industries (b) |
|
28,136 |
| |
|
|
|
RV & Manufactured Home Components |
|
|
| |
|
1,100,000 |
|
Albany International |
|
27,390 |
| |
|
|
|
Paper Machine Clothing & Advanced Textiles |
|
|
| |
|
300,000 |
|
FMC Corp. |
|
25,479 |
| |
|
|
|
Niche Specialty Chemicals |
|
|
| |
|
10,000 |
|
Sika (Switzerland) |
|
24,083 |
| |
|
|
|
Chemicals for Construction & Industrial Applications |
|
|
| |
|
350,000 |
|
Greif |
|
22,893 |
| |
|
|
|
Industrial Packaging |
|
|
| |
|
2,218,700 |
|
Kansai Paint (Japan) |
|
19,229 |
| |
|
|
|
Paint Producer in Japan, India, China & Southeast Asia |
|
|
| |
|
400,000 |
|
Silgan Holdings |
|
15,256 |
| |
|
|
|
Metal & Plastic Packaging |
|
|
| |
|
|
|
|
|
436,822 |
| |
|
|
|
> Other Industrial Services 2.0% |
|
|
| |
|
3,200,000 |
|
Expeditors International of Washington |
|
160,448 |
| |
|
|
|
International Freight Forwarder |
|
|
| |
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
|
|
> Other Industrial Services—continued |
|
|
| |
|
1,731,432 |
|
Imtech (Netherlands) |
|
$ |
64,265 |
|
|
|
|
Electromechanical & Information & Communications Technologies Installation & Maintenance |
|
|
| |
|
1,300,000 |
|
Forward Air |
|
39,819 |
| |
|
|
|
Freight Transportation Between Airports |
|
|
| |
|
1,600,000 |
|
Mobile Mini (a) |
|
38,432 |
| |
|
|
|
Portable Storage Units Leasing |
|
|
| |
|
1,000,000 |
|
UTI Worldwide |
|
20,240 |
| |
|
|
|
Freight Forwarding & Logistics |
|
|
| |
|
1,050,000 |
|
TrueBlue (a) |
|
17,629 |
| |
|
|
|
Temporary Manual Labor |
|
|
| |
|
626,524 |
|
Arcadis (Netherlands) |
|
15,143 |
| |
|
|
|
Engineering Consultants |
|
|
| |
|
450,000 |
|
LKQ (a) |
|
10,845 |
| |
|
|
|
Alternative Auto Parts Distribution |
|
|
| |
|
10,000,000 |
|
Hutchison Port Holdings Trust (Hong Kong) (a) |
|
9,900 |
| |
|
|
|
Southern China Container Ports |
|
|
| |
|
900,000 |
|
American Reprographics (a) |
|
9,315 |
| |
|
|
|
Document Management & Logistics |
|
|
| |
|
|
|
|
|
386,036 |
| |
|
|
|
> Industrial Distribution 1.0% |
|
|
| |
|
900,000 |
|
WW Grainger |
|
123,912 |
| |
|
|
|
Industrial Distribution |
|
|
| |
|
2,600,000 |
|
Interline Brands (a)(b) |
|
53,040 |
| |
|
|
|
Industrial Distribution |
|
|
| |
|
100,000 |
|
Watsco |
|
6,971 |
| |
|
|
|
HVAC Distribution |
|
|
| |
|
|
|
|
|
183,923 |
| |
|
|
|
> Electrical Components 0.7% |
|
|
| |
|
1,440,000 |
|
Acuity Brands |
|
84,226 |
| |
|
|
|
Commercial Lighting Fixtures |
|
|
| |
|
1,322,000 |
|
Ushio (Japan) |
|
25,855 |
| |
|
|
|
Industrial Light Sources |
|
|
| |
|
600,000 |
|
Ibiden (Japan) |
|
18,989 |
| |
|
|
|
Electronic Parts & Ceramics |
|
|
| |
|
351,000 |
|
Saft (France) |
|
14,913 |
| |
|
|
|
Niche Battery Manufacturer |
|
|
| |
|
|
|
|
|
143,983 |
| |
|
|
|
> Outsourcing Services 0.6% |
|
|
| |
|
1,950,000 |
|
Quanta Services (a) |
|
43,738 |
| |
|
|
|
Electrical & Telecom Construction Services |
|
|
| |
|
1,210,000 |
|
Insperity |
|
36,760 |
| |
|
|
|
Professional Employer Organization |
|
|
| |
|
2,559,000 |
|
Serco (United Kingdom) |
|
22,907 |
| |
|
|
|
Facilities Management |
|
|
| |
|
600,000 |
|
GP Strategies (a) |
|
8,160 |
| |
|
|
|
Training Programs |
|
|
| |
|
|
|
|
|
111,565 |
| |
|
|
|
> Construction 0.6% |
|
|
| |
|
66,000 |
|
NVR (a) |
|
49,896 |
| |
|
|
|
D.C. Homebuilder |
|
|
| |
|
700,000 |
|
Simpson Manufacturing |
|
20,622 |
| |
|
|
|
Wall Joint Maker |
|
|
| |
|
1,800,000 |
|
Mills Estruturas e Serviços de Engenharia (Brazil) |
|
19,790 |
| |
|
|
|
Civil Engineering & Construction |
|
|
| |
|
700,000 |
|
Lumber Liquidators (a) |
|
17,493 |
| |
|
|
|
Hardwood Flooring Retailer |
|
|
| |
|
|
|
|
|
107,801 |
| |
|
|
|
> Waste Management 0.5% |
|
|
| |
|
1,672,500 |
|
Waste Connections |
|
48,151 |
| |
|
|
|
Solid Waste Management |
|
|
| |
|
1,000,000 |
|
Republic Services |
|
30,040 |
| |
|
|
|
Solid Waste Management |
|
|
| |
|
280,000 |
|
Clean Harbors (a) |
|
27,625 |
| |
|
|
|
Hazardous Waste Services & Disposal |
|
|
| |
|
|
|
|
|
105,816 |
| |
|
|
|
> Conglomerates 0.3% |
|
|
| |
|
2,225,287 |
|
Aalberts Industries (Netherlands) |
|
52,808 |
| |
|
|
|
Flow Control & Heat Treatment |
|
|
| |
|
|
|
|
|
52,808 |
| |
|
|
|
> Steel 0.2% |
|
|
| |
|
2,340,000 |
|
GrafTech International (a) |
|
48,274 |
| |
|
|
|
Industrial Graphite Materials Producer |
|
|
| |
|
|
|
|
|
48,274 |
| |
|
|
|
> Water —% |
|
|
| |
|
1,750,000 |
|
Mueller Water Products |
|
7,840 |
| |
|
|
|
Fire Hydrants, Valves & Ductile Iron Pipes |
|
|
| |
|
|
|
|
|
7,840 |
| |
|
Industrial Goods & Services: Total |
|
3,510,279 |
| |||
|
|
|
|
| |||
|
Consumer Goods & Services 16.8% |
|
|
| |||
|
|
|
> Retail 4.7% |
|
|
| |
|
4,035,000 |
|
lululemon athletica (a)(b) |
|
359,316 |
| |
|
|
|
Premium Active Apparel Retailer |
|
|
| |
|
3,510,000 |
|
Abercrombie & Fitch |
|
206,037 |
| |
|
|
|
Teen Apparel Retailer |
|
|
| |
|
2,300,000 |
|
Shutterfly (a)(b) |
|
120,428 |
| |
|
|
|
Internet Photo-centric Retailer |
|
|
| |
|
5,225,000 |
|
Saks (a) |
|
59,095 |
| |
|
|
|
Luxury Department Store Retailer |
|
|
| |
|
5,600,000 |
|
Pier 1 Imports (a) |
|
56,840 |
| |
|
|
|
Home Furnishing Retailer |
|
|
| |
|
2,562,000 |
|
Chico’s FAS |
|
38,174 |
| |
|
|
|
Women’s Specialty Retailer |
|
|
| |
|
4,150,000 |
|
Talbots (a)(b)(c) |
|
25,066 |
| |
|
|
|
Women’s Specialty Retailer |
|
|
| |
|
525,000 |
|
DSW (a)(c) |
|
20,979 |
| |
|
|
|
Branded Footwear Retailer |
|
|
| |
|
180,000 |
|
Blue Nile (a) |
|
9,718 |
| |
|
|
|
Online Jewelry Retailer |
|
|
| |
|
1,371,366 |
|
Gaiam (b) |
|
9,051 |
| |
|
|
|
Healthy Living Catalogs & E-Commerce |
|
|
| |
|
66,000 |
|
The Fresh Market (a) |
|
2,491 |
| |
|
|
|
Specialty Food Retailer |
|
|
| |
|
|
|
|
|
907,195 |
| |
|
|
|
> Apparel 3.1% |
|
|
| |
|
2,190,000 |
|
Warnaco Group (a)(b) |
|
125,246 |
| |
|
|
|
Global Branded Apparel Manufacturer |
|
|
| |
Columbia Acorn Fund
Statement of Investments (Unaudited), continued
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
|
|
> Apparel—continued |
|
|
| |
|
2,100,000 |
|
Coach |
|
$ |
109,284 |
|
|
|
|
Designer & Retailer of Branded Leather Accessories |
|
|
| |
|
1,120,000 |
|
Deckers Outdoor (a) |
|
96,488 |
| |
|
|
|
Fashion Footwear Wholesaler |
|
|
| |
|
1,980,000 |
|
Guess? |
|
77,913 |
| |
|
|
|
Branded Apparel, Accessories & Licensor |
|
|
| |
|
1,055,000 |
|
Phillips-Van Heusen |
|
68,607 |
| |
|
|
|
Apparel Wholesaler & Retailer |
|
|
| |
|
2,047,000 |
|
True Religion Apparel (a)(b) |
|
48,043 |
| |
|
|
|
Premium Denim |
|
|
| |
|
1,000,000 |
|
Hanesbrands (a) |
|
27,040 |
| |
|
|
|
Apparel Wholesaler |
|
|
| |
|
1,400,000 |
|
Crocs (a) |
|
24,976 |
| |
|
|
|
Branded Footwear Wholesaler & Retailer |
|
|
| |
|
400,000 |
|
Steven Madden (a) |
|
18,772 |
| |
|
|
|
Wholesaler/Retailer of Fashion Footwear |
|
|
| |
|
120,537 |
|
Zuoan Fashion (China) (a) |
|
833 |
| |
|
|
|
Men’s Apparel Provider in China |
|
|
| |
|
|
|
|
|
597,202 |
| |
|
|
|
> Travel 2.5% |
|
|
| |
|
3,850,000 |
|
Gaylord Entertainment (a)(b) |
|
133,518 |
| |
|
|
|
Convention Hotels |
|
|
| |
|
3,900,000 |
|
Expedia |
|
88,374 |
| |
|
|
|
Online Travel Services Company |
|
|
| |
|
4,600,000 |
|
Avis Budget Group (a) |
|
82,386 |
| |
|
|
|
Second Largest Car Rental Company |
|
|
| |
|
1,250,000 |
|
Vail Resorts (a) |
|
60,950 |
| |
|
|
|
Ski Resort Operator & Developer |
|
|
| |
|
3,000,000 |
|
Hertz (a) |
|
46,890 |
| |
|
|
|
Largest U.S. Rental Car Operator |
|
|
| |
|
970,000 |
|
Choice Hotels |
|
37,685 |
| |
|
|
|
Franchisor of Budget Hotel Brands |
|
|
| |
|
2,000,000 |
|
Localiza Rent A Car (Brazil) |
|
32,095 |
| |
|
|
|
Car Rental |
|
|
| |
|
|
|
|
|
481,898 |
| |
|
|
|
> Food & Beverage 1.5% |
|
|
| |
|
2,200,000 |
|
Hansen Natural (a) |
|
132,506 |
| |
|
|
|
Alternative Beverages |
|
|
| |
|
1,300,000 |
|
Diamond Foods (b)(c) |
|
72,540 |
| |
|
|
|
Culinary Ingredients & Snack Foods |
|
|
| |
|
32,000,000 |
|
Olam International (Singapore) |
|
71,052 |
| |
|
|
|
Agriculture Supply Chain Manager |
|
|
| |
|
1,200,000 |
|
GLG Life Tech (Canada) (a) |
|
12,660 |
| |
|
|
|
Produce an All-natural Sweetener Extracted from the Stevia Plant |
|
|
| |
|
240,000 |
|
Snyder’s - Lance |
|
4,764 |
| |
|
|
|
Snack Foods |
|
|
| |
|
|
|
|
|
293,522 |
| |
|
|
|
> Educational Services 1.0% |
|
|
| |
|
1,080,000 |
|
ITT Educational Services (a)(c) |
|
77,922 |
| |
|
|
|
Post-secondary Degree Services |
|
|
| |
|
2,800,000 |
|
Career Education (a) |
|
63,616 |
| |
|
|
|
Post-secondary Education |
|
|
| |
|
1,700,000 |
|
Universal Technical Institute (b) |
|
33,065 |
| |
|
|
|
Vocational Training |
|
|
| |
|
200,000 |
|
New Oriental Education & Technology - ADR (China) (a) |
|
20,014 |
| |
|
|
|
Education Service Provider |
|
|
| |
|
2,000,000 |
|
Voyager Learning, Contingent Value Rights (a)(d) |
|
262 |
| |
|
|
|
Education Services for the K-12 Market |
|
|
| |
|
|
|
|
|
194,879 |
| |
|
|
|
> Furniture & Textiles 0.9% |
|
|
| |
|
4,000,000 |
|
Knoll (b) |
|
83,840 |
| |
|
|
|
Office Furniture |
|
|
| |
|
2,800,000 |
|
Herman Miller |
|
76,972 |
| |
|
|
|
Office Furniture |
|
|
| |
|
1,000,000 |
|
Interface |
|
18,490 |
| |
|
|
|
Modular & Broadloom Carpet |
|
|
| |
|
|
|
|
|
179,302 |
| |
|
|
|
> Other Consumer Services 0.7% |
|
|
| |
|
2,190,000 |
|
Lifetime Fitness (a)(b) |
|
81,709 |
| |
|
|
|
Sport & Fitness Club Operator |
|
|
| |
|
14,000,000 |
|
Lifestyle International (Hong Kong) |
|
33,568 |
| |
|
|
|
Mid- to High-end Department Store Operator in Hong Kong & China |
|
|
| |
|
4,250,000 |
|
Move (a) |
|
10,157 |
| |
|
|
|
Real Estate Internet Websites |
|
|
| |
|
1,325,000 |
|
IFM Investments (Century 21 China RE) - ADR (China) (a) |
|
4,704 |
| |
|
|
|
Provides Real Estate Services in China |
|
|
| |
|
|
|
|
|
130,138 |
| |
|
|
|
> Casinos & Gaming 0.7% |
|
|
| |
|
1,590,000 |
|
Penn National Gaming (a) |
|
58,925 |
| |
|
|
|
Regional Casino Operator |
|
|
| |
|
3,400,000 |
|
Pinnacle Entertainment (a)(b) |
|
46,308 |
| |
|
|
|
Regional Casino Operator |
|
|
| |
|
3,000,000 |
|
Melco Crown Entertainment - ADR (Hong Kong) (a) |
|
22,800 |
| |
|
|
|
Macau Casino Operator |
|
|
| |
|
|
|
|
|
128,033 |
| |
|
|
|
> Other Durable Goods 0.5% |
|
|
| |
|
1,720,000 |
|
Jarden |
|
61,181 |
| |
|
|
|
Branded Household Products |
|
|
| |
|
388,907 |
|
Cavco Industries (a)(b) |
|
17,563 |
| |
|
|
|
Manufactured Homes |
|
|
| |
|
400,000 |
|
Tesla Motors (a) |
|
11,080 |
| |
|
|
|
Design, Manufacture & Sell High Performance Electric Vehicles |
|
|
| |
|
|
|
|
|
89,824 |
| |
|
|
|
> Restaurants 0.4% |
|
|
| |
|
2,000,000 |
|
AFC Enterprises (a)(b) |
|
30,260 |
| |
|
|
|
Popeye’s Restaurants |
|
|
| |
|
300,000 |
|
P.F. Chang’s China Bistro |
|
13,857 |
| |
|
|
|
Mandarin Style Restaurants |
|
|
| |
|
450,000 |
|
Cheesecake Factory (a) |
|
13,540 |
| |
|
|
|
Casual Dining Restaurants |
|
|
| |
|
675,000 |
|
Bravo Brio Restaurant Group (a) |
|
11,941 |
| |
|
|
|
Upscale Casual Italian Restaurants |
|
|
| |
|
|
|
|
|
69,598 |
| |
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
|
|
> Consumer Goods Distribution 0.3% |
|
|
| |
|
2,100,000 |
|
Pool |
|
$ |
50,631 |
|
|
|
|
Distributor of Swimming Pool Supplies & Equipment |
|
|
| |
|
|
|
|
|
50,631 |
| |
|
|
|
> Nondurables 0.2% |
|
|
| |
|
1,600,000 |
|
Helen of Troy (a)(b) |
|
47,040 |
| |
|
|
|
Hair Dryers & Curling Irons |
|
|
| |
|
|
|
|
|
47,040 |
| |
|
|
|
> Leisure Products 0.2% |
|
|
| |
|
1,190,000 |
|
Thor Industries |
|
39,710 |
| |
|
|
|
RV & Bus Manufacturer |
|
|
| |
|
|
|
|
|
39,710 |
| |
|
|
|
> Other Entertainment 0.1% |
|
|
| |
|
220,000 |
|
CTS Eventim (Germany) |
|
14,194 |
| |
|
|
|
Event Ticket Sales |
|
|
| |
|
|
|
|
|
14,194 |
| |
|
Consumer Goods & Services: Total |
|
3,223,166 |
| |||
|
Energy & Minerals 11.1% |
|
|
| |||
|
|
|
> Oil Services 4.6% |
|
|
| |
|
3,100,000 |
|
FMC Technologies (a) |
|
292,888 |
| |
|
|
|
Oil & Gas Wellhead Manufacturer |
|
|
| |
|
2,570,626 |
|
Fugro (Netherlands) |
|
226,527 |
| |
|
|
|
Sub-sea Oilfield Services |
|
|
| |
|
3,200,000 |
|
Atwood Oceanics (a) |
|
148,576 |
| |
|
|
|
Offshore Drilling Contractor |
|
|
| |
|
1,670,000 |
|
ShawCor (Canada) |
|
62,804 |
| |
|
|
|
Oil & Gas Pipeline Products |
|
|
| |
|
1,750,000 |
|
Tesco (a) |
|
38,412 |
| |
|
|
|
Developing New Well Drilling Technologies |
|
|
| |
|
463,954 |
|
Oil States International (a) |
|
35,325 |
| |
|
|
|
Diversified North American Oil Service Provider |
|
|
| |
|
375,000 |
|
Bristow (a) |
|
17,738 |
| |
|
|
|
Largest Provider of Helicopter Services to Offshore Oil & Gas Producers |
|
|
| |
|
500,000 |
|
Hornbeck Offshore (a) |
|
15,425 |
| |
|
|
|
Supply Vessel Operator in U.S. Gulf of Mexico |
|
|
| |
|
2,890,900 |
|
Horizon North Logistics (Canada) (a) |
|
14,850 |
| |
|
|
|
Provides Diversified Oil Service Offering in Northern Canada |
|
|
| |
|
528,300 |
|
Black Diamond Group (Canada) |
|
14,059 |
| |
|
|
|
Provides Accommodations/Equipment for Oil Sands Exploitation |
|
|
| |
|
5,519,200 |
|
Tuscany International Drilling (Colombia) (a)(b)(d) |
|
8,536 |
| |
|
4,000,000 |
|
Tuscany International Drilling (Colombia) (a)(b) |
|
6,313 |
| |
|
1,040,000 |
|
Tuscany International Drilling - Warrants (Colombia) (a)(b)(d) |
|
168 |
| |
|
|
|
South America-based Drilling Rig Contractor |
|
|
| |
|
|
|
|
|
881,621 |
| |
|
|
|
> Oil & Gas Producers 4.2% |
|
|
| |
|
4,810,550 |
|
Pacific Rubiales Energy (Colombia) |
|
133,475 |
| |
|
|
|
Oil Production & Exploration in Colombia |
|
|
| |
|
1,650,000 |
|
Southwestern Energy (a) |
|
70,900 |
| |
|
|
|
Oil & Gas Producer |
|
|
| |
|
2,700,000 |
|
Denbury Resources (a) |
|
65,880 |
| |
|
|
|
Oil Producer Using Co2 Injection |
|
|
| |
|
2,400,000 |
|
Tullow Oil (United Kingdom) |
|
55,749 |
| |
|
|
|
Oil & Gas Producer |
|
|
| |
|
715,000 |
|
SM Energy |
|
53,046 |
| |
|
|
|
Oil & Gas Producer |
|
|
| |
|
974,000 |
|
Rosetta Resources (a) |
|
46,304 |
| |
|
|
|
Oil & Gas Producer Exploring in South Texas & Montana |
|
|
| |
|
910,000 |
|
Ultra Petroleum (a) |
|
44,817 |
| |
|
|
|
Oil & Gas Producer |
|
|
| |
|
695,000 |
|
Range Resources |
|
40,630 |
| |
|
|
|
Oil & Gas Producer |
|
|
| |
|
650,000 |
|
Baytex (Canada) |
|
38,008 |
| |
|
|
|
Oil & Gas Producer in Canada |
|
|
| |
|
27,063,400 |
|
ShaMaran Petroleum (Iraq) (a) |
|
26,798 |
| |
|
|
|
Oil Exploration in Kurdistan |
|
|
| |
|
3,131,195 |
|
Gran Tierra Energy (Colombia) (a) |
|
25,256 |
| |
|
|
|
Oil Exploration & Production in Colombia, Peru & Argentina |
|
|
| |
|
850,000 |
|
Northern Oil & Gas (a)(c) |
|
22,695 |
| |
|
|
|
Small E&P Company in North Dakota Bakken |
|
|
| |
|
583,000 |
|
Carrizo Oil & Gas (a) |
|
21,530 |
| |
|
|
|
Oil & Gas Producer |
|
|
| |
|
1,200,000 |
|
Houston American Energy |
|
18,492 |
| |
|
|
|
Oil & Gas Exploration & Production in Colombia |
|
|
| |
|
42,580,500 |
|
Alange Energy (Colombia) (a) |
|
14,274 |
| |
|
|
|
Oil & Gas Exploration & Production in Colombia |
|
|
| |
|
250,000 |
|
Cabot Oil & Gas |
|
13,243 |
| |
|
|
|
Large Natural Gas Producer in Appalachia & Gulf Coast |
|
|
| |
|
37,500,000 |
|
Petromanas (Canada) (a)(b)(d) |
|
12,699 |
| |
|
18,750,000 |
|
Petromanas - Warrants (Canada) (a)(b)(d) |
|
1,232 |
| |
|
|
|
Exploring for Oil in Albania |
|
|
| |
|
26,000,000 |
|
Petrodorado (Colombia) (a)(b) |
|
11,934 |
| |
|
24,000,000 |
|
Petrodorado - Warrants (Colombia) (a)(b)(d) |
|
4,327 |
| |
|
|
|
Oil & Gas Exploration & Production in Colombia, Peru & Paraguay |
|
|
| |
|
275,000 |
|
Swift Energy (a) |
|
11,737 |
| |
|
|
|
Oil & Gas Exploration & Production Co. |
|
|
| |
|
575,000 |
|
Venoco (a) |
|
9,827 |
| |
|
|
|
Oil & Gas Producer in California & Texas |
|
|
| |
|
6,300,000 |
|
Canacol Energy (Colombia) (a)(d) |
|
9,552 |
| |
|
|
|
Oil Producer in South America |
|
|
| |
|
1,198,100 |
|
Pan Orient (Canada) (a) |
|
8,515 |
| |
|
|
|
Growth Oriented & Return Focused Asian Explorer |
|
|
| |
|
30,275,000 |
|
Petroamerica (Colombia) (a)(b) |
|
8,119 |
| |
|
|
|
Oil Exploration & Production in Colombia |
|
|
| |
|
228,200 |
|
Oasis Petroleum (a) |
|
7,216 |
| |
|
|
|
Oil Producer in North Dakota |
|
|
| |
|
750,000 |
|
Vaalco Energy (a) |
|
5,820 |
| |
|
|
|
Oil & Gas Producer |
|
|
| |
|
41,100,000 |
|
Quetzal Energy (Colombia) (a)(b)(d) |
|
5,816 |
| |
|
8,900,000 |
|
Quetzal Energy (Colombia) (a)(b) |
|
1,285 |
| |
|
|
|
Explores for Oil & Gas in Latin America |
|
|
| |
Columbia Acorn Fund
Statement of Investments (Unaudited), continued
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
|
|
> Oil & Gas Producers—continued |
|
|
| |
|
8,400,000 |
|
Canadian Overseas Petroleum (United Kingdom) (a)(d) |
|
$ |
4,670 |
|
|
4,200,000 |
|
Canadian Overseas Petroleum - Warrants (United Kingdom) (a)(d) |
|
732 |
| |
|
|
|
Oil & Gas Exploration/Production in the North Sea |
|
|
| |
|
|
|
|
|
794,578 |
| |
|
|
|
> Mining 1.8% |
|
|
| |
|
1,950,000 |
|
Silver Wheaton (Canada) |
|
84,552 |
| |
|
|
|
Silver Mining Royalty Company |
|
|
| |
|
641,000 |
|
Core Laboratories (Netherlands) |
|
65,491 |
| |
|
|
|
Oil & Gas Reservoir Consulting |
|
|
| |
|
7,500,000 |
|
Zhaojin Mining Industry (China) |
|
33,562 |
| |
|
|
|
Gold Mining & Refining in China |
|
|
| |
|
1,150,000 |
|
Ivanhoe Mines (Canada) (a) |
|
31,540 |
| |
|
|
|
Copper Mine Project in Mongolia |
|
|
| |
|
4,432,000 |
|
Northam Platinum (South Africa) |
|
28,826 |
| |
|
|
|
Platinum Mining in South Africa |
|
|
| |
|
800,000 |
|
Silver Standard Resources (a) |
|
25,104 |
| |
|
|
|
Silver Mining |
|
|
| |
|
2,400,000 |
|
Alexco Resource (a) |
|
21,240 |
| |
|
|
|
Mining, Exploration & Environmental Services |
|
|
| |
|
500,000 |
|
Pan American Silver (Canada) |
|
18,565 |
| |
|
|
|
Silver Mining |
|
|
| |
|
5,000,000 |
|
Orko Silver (Canada) (a) |
|
13,048 |
| |
|
|
|
Silver Exploration & Development |
|
|
| |
|
3,500,000 |
|
Duluth Metals (Canada) (a) |
|
9,495 |
| |
|
|
|
Copper & Nickel Miner |
|
|
| |
|
5,215,500 |
|
Mongolian Mining (Hong Kong) (a) |
|
6,657 |
| |
|
|
|
Coking Coal Mining in Mongolia |
|
|
| |
|
236,400 |
|
Tahoe Resources (Canada) (a)(d) |
|
4,684 |
| |
|
|
|
Silver Project in Guatemala |
|
|
| |
|
800,000 |
|
Augusta Resource (a)(c) |
|
4,104 |
| |
|
|
|
U.S. Copper/Molybdenum Mine |
|
|
| |
|
|
|
|
|
346,868 |
| |
|
|
|
> Alternative Energy 0.2% |
|
|
| |
|
3,000,000 |
|
GT Solar International (a) |
|
31,980 |
| |
|
|
|
Largest Manufacturer of Furnaces & Reactors to Produce & Cast Polysilicon |
|
|
| |
|
500,000 |
|
STR Holdings (a) |
|
9,590 |
| |
|
|
|
Makes Encapsulant for Solar Power Modules/Provides Quality Assurance |
|
|
| |
|
1,726,270 |
|
Synthesis Energy Systems (China) (a)(c) |
|
4,868 |
| |
|
|
|
Owner/Operator of Gasification Plants |
|
|
| |
|
|
|
|
|
46,438 |
| |
|
|
|
> Oil Refining, Marketing & Distribution 0.2% |
|
|
| |
|
600,000 |
|
Vopak (Netherlands) |
|
28,868 |
| |
|
|
|
World’s Largest Operator of Petroleum & Chemical Storage Terminals |
|
|
| |
|
|
|
|
|
28,868 |
| |
|
|
|
> Agricultural Commodities 0.1% |
|
|
| |
|
6,818,182 |
|
Union Agriculture Group (Argentina) (a)(d) |
|
15,000 |
| |
|
|
|
Farmland Operator in Uruguay |
|
|
| |
|
|
|
|
|
15,000 |
| |
|
Energy & Minerals: Total |
|
2,113,373 |
| |||
|
|
|
|
| |||
|
Finance 10.2% |
|
|
| |||
|
|
|
> Banks 4.1% |
|
|
| |
|
2,800,000 |
|
BOK Financial |
|
144,704 |
| |
|
|
|
Tulsa-based Southwest Bank |
|
|
| |
|
6,004,115 |
|
Valley National Bancorp |
|
83,817 |
| |
|
|
|
New Jersey/New York Bank |
|
|
| |
|
5,413,800 |
|
Associated Banc-Corp |
|
80,395 |
| |
|
|
|
Midwest Bank |
|
|
| |
|
1,260,000 |
|
SVB Financial Group (a) |
|
71,732 |
| |
|
|
|
Bank to Venture Capitalists |
|
|
| |
|
4,150,000 |
|
TCF Financial |
|
65,819 |
| |
|
|
|
Great Lakes Bank |
|
|
| |
|
2,860,000 |
|
MB Financial (b) |
|
59,946 |
| |
|
|
|
Chicago Bank |
|
|
| |
|
1,045,000 |
|
City National |
|
59,617 |
| |
|
|
|
Bank & Asset Manager |
|
|
| |
|
4,000,000 |
|
Whitney Holding |
|
54,480 |
| |
|
|
|
Gulf Coast Bank |
|
|
| |
|
4,300,000 |
|
CVB Financial (c) |
|
40,033 |
| |
|
|
|
Inland Empire Business Bank |
|
|
| |
|
1,350,000 |
|
TriCo Bancshares (b) |
|
22,019 |
| |
|
|
|
California Central Valley Bank |
|
|
| |
|
1,121,188 |
|
Sandy Spring Bancorp |
|
20,697 |
| |
|
|
|
Baltimore/D.C. Bank |
|
|
| |
|
772,632 |
|
Hudson Valley |
|
16,998 |
| |
|
|
|
Metro New York City Bank |
|
|
| |
|
3,299,507 |
|
First Busey |
|
16,761 |
| |
|
|
|
Illinois Bank |
|
|
| |
|
425,000 |
|
Hancock Holding (c) |
|
13,957 |
| |
|
|
|
Gulf Coast Bank |
|
|
| |
|
2,640,000 |
|
Wilmington Trust |
|
11,933 |
| |
|
|
|
Delaware Trust Bank |
|
|
| |
|
706,559 |
|
Eagle Bancorp (a) |
|
9,927 |
| |
|
|
|
Metro D.C. Bank |
|
|
| |
|
3,764,300 |
|
Shinsei Bank (Japan) |
|
4,436 |
| |
|
|
|
Commercial Bank |
|
|
| |
|
246,505 |
|
Pacific Continental |
|
2,512 |
| |
|
|
|
Pacific Northwest Bank |
|
|
| |
|
583,872 |
|
Green Bankshares (a)(c) |
|
1,629 |
| |
|
|
|
Tennessee Bank |
|
|
| |
|
|
|
|
|
781,412 |
| |
|
|
|
> Insurance 2.3% |
|
|
| |
|
2,820,000 |
|
Leucadia National |
|
105,863 |
| |
|
|
|
Insurance Holding Company |
|
|
| |
|
9,400,000 |
|
CNO Financial Group (a) |
|
70,594 |
| |
|
|
|
Life, Long-term Care & Medical Supplement Insurance |
|
|
| |
|
1,320,000 |
|
Hanover Insurance Group |
|
59,730 |
| |
|
|
|
Personal & Commercial Lines Insurance |
|
|
| |
|
1,200,000 |
|
HCC Insurance Holdings |
|
37,572 |
| |
|
|
|
Specialty Insurance |
|
|
| |
|
832,000 |
|
Willis Group (Ireland) |
|
33,579 |
| |
|
|
|
Insurance Broker |
|
|
| |
|
1,000,000 |
|
Delphi Financial Group |
|
30,710 |
| |
|
|
|
Workers Compensation & Group Employee Benefit Products & Services |
|
|
| |
|
1,225,000 |
|
Tower Group |
|
29,437 |
| |
|
|
|
Commercial & Personal Lines Insurance |
|
|
| |
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
|
|
> Insurance—continued |
|
|
| |
|
1,420,000 |
|
Selective Insurance Group |
|
$ |
24,566 |
|
|
|
|
Commercial & Personal Lines Insurance |
|
|
| |
|
900,000 |
|
Brown & Brown |
|
23,220 |
| |
|
|
|
Insurance Broker |
|
|
| |
|
1,600,000 |
|
Symetra Financial |
|
21,760 |
| |
|
|
|
Life Insurance |
|
|
| |
|
|
|
|
|
437,031 |
| |
|
|
|
> Finance Companies 2.1% |
|
|
| |
|
1,505,202 |
|
World Acceptance (a)(b) |
|
98,139 |
| |
|
|
|
Personal Loans |
|
|
| |
|
2,532,500 |
|
Aaron Rents |
|
64,224 |
| |
|
|
|
Rent to Own |
|
|
| |
|
2,350,000 |
|
McGrath Rentcorp (b) |
|
64,085 |
| |
|
|
|
Temporary Space & IT Rentals |
|
|
| |
|
3,000,000 |
|
H&E Equipment Services (a)(b) |
|
58,530 |
| |
|
|
|
Heavy Equipment Leasing |
|
|
| |
|
1,480,000 |
|
GATX |
|
57,217 |
| |
|
|
|
Rail Car Lessor |
|
|
| |
|
1,450,000 |
|
CAI International (a)(b) |
|
37,497 |
| |
|
|
|
International Container Leasing |
|
|
| |
|
1,091,000 |
|
Marlin Business Services (a)(b) |
|
13,463 |
| |
|
|
|
Small Equipment Leasing |
|
|
| |
|
78,500 |
|
Textainer Group Holdings |
|
2,917 |
| |
|
|
|
Top International Container Leasor |
|
|
| |
|
|
|
|
|
396,072 |
| |
|
|
|
> Brokerage & Money Management 1.4% |
|
|
| |
|
6,198,000 |
|
SEI Investments |
|
148,008 |
| |
|
|
|
Mutual Fund Administration & Investment Management |
|
|
| |
|
3,391,000 |
|
Eaton Vance |
|
109,326 |
| |
|
|
|
Specialty Mutual Funds |
|
|
| |
|
697,000 |
|
Investment Technology Group (a) |
|
12,678 |
| |
|
|
|
Electronic Trading |
|
|
| |
|
|
|
|
|
270,012 |
| |
|
|
|
> Savings & Loans 0.2% |
|
|
| |
|
1,300,000 |
|
Housing Development Finance (India) |
|
20,358 |
| |
|
|
|
Indian Mortgage Lender |
|
|
| |
|
1,024,069 |
|
ViewPoint Financial |
|
13,313 |
| |
|
|
|
Texas Thrift |
|
|
| |
|
1,010,000 |
|
Provident New York Bancorp |
|
10,423 |
| |
|
|
|
New York State Thrift |
|
|
| |
|
452,146 |
|
Kaiser Federal Financial Group |
|
5,561 |
| |
|
|
|
Los Angeles Savings & Loan |
|
|
| |
|
65,991 |
|
Berkshire Hills Bancorp |
|
1,376 |
| |
|
|
|
Northeast Thrift |
|
|
| |
|
|
|
|
|
51,031 |
| |
|
|
|
> Credit Cards 0.1% |
|
|
| |
|
275,000 |
|
Alliance Data Systems (a) |
|
23,620 |
| |
|
|
|
Diversified Credit Card Provider |
|
|
| |
|
|
|
|
|
23,620 |
| |
|
Finance: Total |
|
1,959,178 |
| |||
|
|
|
|
| |||
|
Health Care 8.8% |
|
|
| |||
|
|
|
> Medical Equipment & Devices 3.3% |
|
|
| |
|
2,100,000 |
|
Alexion Pharmaceuticals (a) |
|
207,228 |
| |
|
|
|
Biotech Focused on Orphan Diseases |
|
|
| |
|
1,800,000 |
|
Sirona Dental Systems (a) |
|
90,288 |
| |
|
|
|
Manufacturer of Dental Equipment |
|
|
| |
|
1,000,000 |
|
Edwards Lifesciences (a) |
|
87,000 |
| |
|
|
|
Heart Valves |
|
|
| |
|
1,065,000 |
|
Gen-Probe (a) |
|
70,663 |
| |
|
|
|
Molecular In-vitro Diagnostics |
|
|
| |
|
3,150,000 |
|
American Medical Systems (a) |
|
68,166 |
| |
|
|
|
Medical Devices to Treat Urological Conditions |
|
|
| |
|
500,000 |
|
Idexx Laboratories (a) |
|
38,610 |
| |
|
|
|
Diagnostic Equipment & Services for Veterinarians |
|
|
| |
|
550,000 |
|
Haemonetics (a) |
|
36,047 |
| |
|
|
|
Blood & Plasma Collection Equipment |
|
|
| |
|
1,650,000 |
|
Pacific Biosciences of California (a)(c) |
|
23,182 |
| |
|
|
|
Genome Sequencing |
|
|
| |
|
570,000 |
|
Orthofix International (a) |
|
18,502 |
| |
|
|
|
Bone Fixation & Stimulation Devices |
|
|
| |
|
964,499 |
|
Nanosphere (a) |
|
3,135 |
| |
|
|
|
Molecular Diagnostics Company with Best of Breed Platform |
|
|
| |
|
|
|
|
|
642,821 |
| |
|
|
|
> Biotechnology & Drug Delivery 3.0% |
|
|
| |
|
4,315,000 |
|
BioMarin Pharmaceutical (a) |
|
108,436 |
| |
|
|
|
Biotech Focused on Orphan Diseases |
|
|
| |
|
1,731,000 |
|
InterMune (a) |
|
81,686 |
| |
|
|
|
Drugs for Pulmonary Fibrosis & Hepatitis C |
|
|
| |
|
4,181,000 |
|
Seattle Genetics (a) |
|
65,098 |
| |
|
|
|
Antibody-based Therapies for Cancer |
|
|
| |
|
1,450,000 |
|
Onyx Pharmaceuticals (a) |
|
51,011 |
| |
|
|
|
Commercial-stage Biotech Focused on Cancer |
|
|
| |
|
4,500,000 |
|
NPS Pharmaceuticals (a)(b) |
|
43,065 |
| |
|
|
|
Orphan Drugs & Healthy Royalties |
|
|
| |
|
4,500,000 |
|
Isis Pharmaceuticals (a) |
|
40,680 |
| |
|
|
|
Biotech Pioneer in Anti-sense Drugs |
|
|
| |
|
510,000 |
|
United Therapeutics (a) |
|
34,180 |
| |
|
|
|
Biotech Focused on Rare Diseases |
|
|
| |
|
5,500,000 |
|
Micromet (a)(b) |
|
30,855 |
| |
|
|
|
Next-generation Antibody Technology |
|
|
| |
|
1,200,000 |
|
Auxilium Pharmaceuticals (a) |
|
25,764 |
| |
|
|
|
Biotech Focused on Niche Disease Areas |
|
|
| |
|
1,700,000 |
|
Savient Pharmaceuticals (a) |
|
18,020 |
| |
|
|
|
Biotech Company Focused on Severe Gout |
|
|
| |
|
4,549,900 |
|
Chelsea Therapeutics (a)(b) |
|
17,745 |
| |
|
|
|
Biotech Focused on Rare Diseases |
|
|
| |
|
2,611,936 |
|
Nabi Biopharmaceuticals (a)(b) |
|
15,175 |
| |
|
|
|
Biotech Focused on Vaccines |
|
|
| |
|
3,500,000 |
|
Array Biopharma (a)(b) |
|
10,710 |
| |
|
|
|
Drugs for Cancer & Inflammatory Diseases |
|
|
| |
|
1,091,990 |
|
Nektar Therapeutics (a) |
|
10,341 |
| |
|
|
|
Drug Delivery Technologies |
|
|
| |
|
1,450,000 |
|
Anthera Pharmaceuticals (a)(c) |
|
9,802 |
| |
|
|
|
Biotech Focused on Cardiovascular, Cancer & Immunology |
|
|
| |
|
2,682,497 |
|
Idenix Pharmaceuticals (a) |
|
8,906 |
| |
|
|
|
Developer of Drugs for Infectious Diseases |
|
|
| |
|
2,755,534 |
|
Allos Therapeutics (a) |
|
8,735 |
| |
|
|
|
Cancer Drug Development |
|
|
| |
|
359,944 |
|
MicroDose Technologies (a)(d) |
|
94 |
| |
|
|
|
Drug Inhaler Development |
|
|
| |
Columbia Acorn Fund
Statement of Investments (Unaudited), continued
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
|
|
> Biotechnology & Drug Delivery—continued |
|
|
| |
|
94,715 |
|
Locus Pharmaceuticals (a)(d) |
|
$ |
1 |
|
|
|
|
High Throughput Rational Drug Design |
|
|
| |
|
|
|
|
|
580,304 |
| |
|
|
|
> Medical Supplies 1.2% |
|
|
| |
|
3,200,000 |
|
Cepheid (a)(b) |
|
89,664 |
| |
|
|
|
Molecular Diagnostics |
|
|
| |
|
2,126,000 |
|
Patterson Companies |
|
68,436 |
| |
|
|
|
Dental, Veterinarian & Medical Distributor |
|
|
| |
|
650,000 |
|
Henry Schein (a) |
|
45,610 |
| |
|
|
|
Largest Distributor of Healthcare Products |
|
|
| |
|
325,200 |
|
Neogen (a) |
|
13,457 |
| |
|
|
|
Food & Animal Safety Products |
|
|
| |
|
200,000 |
|
Owens & Minor |
|
6,496 |
| |
|
|
|
Distribution of Medical Supplies |
|
|
| |
|
|
|
|
|
223,663 |
| |
|
|
|
> Health Care Services 1.0% |
|
|
| |
|
1,380,000 |
|
Community Health Systems (a) |
|
55,186 |
| |
|
|
|
Non-urban Hospitals |
|
|
| |
|
3,800,000 |
|
Health Management Associates (a) |
|
41,420 |
| |
|
|
|
Non-urban Hospitals |
|
|
| |
|
400,000 |
|
HMS Holdings (a) |
|
32,740 |
| |
|
|
|
Cost Containment Services |
|
|
| |
|
4,250,000 |
|
eResearch Technology (a)(b) |
|
28,773 |
| |
|
|
|
Clinical Research Services |
|
|
| |
|
500,000 |
|
AthenaHealth (a) |
|
22,565 |
| |
|
|
|
Revenue Cycle Management for Physician Offices |
|
|
| |
|
700,000 |
|
Allscripts Healthcare Solutions (a) |
|
14,693 |
| |
|
|
|
IT for Physician Offices & Hospitals |
|
|
| |
|
|
|
|
|
195,377 |
| |
|
|
|
> Pharmaceuticals 0.3% |
|
|
| |
|
3,733,354 |
|
Akorn (a) |
|
21,541 |
| |
|
|
|
Develops, Manufactures & Sells Specialty Generic Drugs |
|
|
| |
|
2,259,000 |
|
Adcock Ingram Holdings (South Africa) |
|
18,550 |
| |
|
|
|
Manufacturer of Pharmaceuticals & Medical Supplies |
|
|
| |
|
855,298 |
|
Alimera Sciences (a)(c) |
|
6,671 |
| |
|
|
|
Ophthalmogy-focused Pharmaceutical Company |
|
|
| |
|
826,526 |
|
United Drug (Ireland) |
|
2,694 |
| |
|
|
|
Irish Pharmaceutical Wholesaler & Outsourcer |
|
|
| |
|
|
|
|
|
49,456 |
| |
|
Health Care: Total |
|
1,691,621 |
| |||
|
|
|
|
| |||
|
Other Industries 5.5% |
|
|
| |||
|
|
|
> Real Estate 3.3% |
|
|
| |
|
4,575,000 |
|
BioMed Realty Trust |
|
87,016 |
| |
|
|
|
Life Science-focused Office Buildings |
|
|
| |
|
840,000 |
|
Federal Realty Investment Trust |
|
68,510 |
| |
|
|
|
Shopping Centers |
|
|
| |
|
2,200,000 |
|
Dupont Fabros Technology (c) |
|
53,350 |
| |
|
|
|
Technology-focused Office Buildings |
|
|
| |
|
1,120,000 |
|
Kilroy Realty |
|
43,490 |
| |
|
|
|
Southern California Office & Industrial Properties |
|
|
| |
|
720,000 |
|
Digital Realty Trust (c) |
|
41,861 |
| |
|
|
|
Technology-focused Office Buildings |
|
|
| |
|
1,850,000 |
|
Extra Space Storage |
|
38,313 |
| |
|
|
|
Self Storage Facilities |
|
|
| |
|
975,000 |
|
Post Properties |
|
38,269 |
| |
|
|
|
Multi-family Properties |
|
|
| |
|
2,200,000 |
|
Associated Estates Realty (b) |
|
34,936 |
| |
|
|
|
Multi-family Properties |
|
|
| |
|
900,000 |
|
Corporate Office Properties |
|
32,526 |
| |
|
|
|
Office Buildings |
|
|
| |
|
43,000,000 |
|
Mapletree Logistics Trust (Singapore) |
|
30,898 |
| |
|
|
|
Industrial Property Landlord |
|
|
| |
|
530,000 |
|
Macerich |
|
26,251 |
| |
|
|
|
Regional Shopping Malls |
|
|
| |
|
3,000,000 |
|
Education Realty Trust |
|
24,090 |
| |
|
|
|
Student Housing |
|
|
| |
|
15,000,000 |
|
Ascendas REIT (Singapore) |
|
23,919 |
| |
|
|
|
Industrial Property Landlord |
|
|
| |
|
700,000 |
|
Washington REIT |
|
21,763 |
| |
|
|
|
Washington D.C. Diversified Properties |
|
|
| |
|
3,750,000 |
|
DCT Industrial Trust |
|
20,813 |
| |
|
|
|
Industrial Properties |
|
|
| |
|
3,050,000 |
|
Kite Realty Group |
|
16,196 |
| |
|
|
|
Community Shopping Centers |
|
|
| |
|
2,800 |
|
Orix JREIT (Japan) |
|
15,391 |
| |
|
|
|
Diversified REIT |
|
|
| |
|
1,092,000 |
|
Summit Hotel Properties (a) |
|
10,854 |
| |
|
|
|
Owner of Select Service Hotels |
|
|
| |
|
37,407 |
|
Security Capital European Realty (Luxembourg) (a)(d)(e) |
|
— |
| |
|
|
|
Self Storage Properties |
|
|
| |
|
|
|
|
|
628,446 |
| |
|
|
|
> Transportation 1.3% |
|
|
| |
|
1,730,000 |
|
JB Hunt Transport Services |
|
78,577 |
| |
|
|
|
Truck & Intermodal Carrier |
|
|
| |
|
2,800,000 |
|
Rush Enterprises, Class A (a)(b) |
|
55,440 |
| |
|
550,000 |
|
Rush Enterprises, Class B (a)(b) |
|
9,564 |
| |
|
|
|
Truck Sales & Services |
|
|
| |
|
2,730,000 |
|
Heartland Express |
|
47,939 |
| |
|
|
|
Regional Trucker |
|
|
| |
|
1,110,000 |
|
World Fuel Services |
|
45,077 |
| |
|
|
|
Global Fuel Broker |
|
|
| |
|
100,000 |
|
Genesee & Wyoming (a) |
|
5,820 |
| |
|
|
|
Short-line Operator |
|
|
| |
|
|
|
|
|
242,417 |
| |
|
|
|
> Regulated Utilities 0.9% |
|
|
| |
|
2,000,000 |
|
Northeast Utilities |
|
69,200 |
| |
|
|
|
Regulated Electric Utility |
|
|
| |
|
1,800,000 |
|
Wisconsin Energy |
|
54,900 |
| |
|
|
|
Wisconsin Utility |
|
|
| |
|
500,000 |
|
ALLETE |
|
19,485 |
| |
|
|
|
Regulated Electric Utility in Minnesota |
|
|
| |
|
333,000 |
|
Red Eléctrica de España (Spain) |
|
18,924 |
| |
|
|
|
Spanish Power Transmission |
|
|
| |
|
3,333,000 |
|
Terna (Italy) |
|
15,956 |
| |
|
|
|
Italian Power Transmission |
|
|
| |
|
|
|
|
|
178,465 |
| |
|
Other Industries: Total |
|
1,049,328 |
| |||
|
|
|
|
| |||
|
Total Equities: 97.2% |
|
18,609,231 |
| |||
|
Number of Shares |
|
|
|
Value (000) |
| ||
|
|
|
|
|
|
| ||
|
Securities Lending Collateral — 0.7% |
|
|
| ||||
|
140,550 |
|
Dreyfus Government Cash Management Fund (f) (7 day yield of 0.00%) |
|
$ |
140,550 |
| |
|
|
|
|
|
|
|
| |
|
Total Securities Lending Collateral: |
|
140,550 |
| ||||
|
|
|
|
| ||||
|
Short-Term Obligations: 2.8% |
|
|
| ||||
|
|
|
> Repurchase Agreement 2. 6% |
|
|
| ||
|
$ |
491,470 |
|
Repurchase Agreement with Fixed Income Clearing Corp., dated 3/31/11, due 4/01/11 at 0.07%, collateralized by U.S. Government Agency obligations with various maturities to 12/01/17, market value $501,302 (repurchase proceeds $491,471) |
|
491,470 |
| |
|
|
|
|
|
491,470 |
| ||
|
|
|
> Commercial Paper 0.2% |
|
|
| ||
|
50,000 |
|
Toyota Motor Credit 0.22% Due 4/11/11 |
|
49,997 |
| ||
|
|
|
|
|
49,997 |
| ||
|
|
|
|
|
|
| ||
|
Total Short-Term Obligations: |
|
541,467 |
| ||||
|
|
|
|
| ||||
|
Total Investments: 100.7% |
|
19,291,248 |
| ||||
|
|
|
|
| ||||
|
Obligation to Return Collateral for Securities Loaned: (0.7)% |
|
(140,550 |
) | ||||
|
|
|
|
| ||||
|
Cash and Other Assets Less Liabilities: —% |
|
785 |
| ||||
|
|
|
|
| ||||
|
Total Net Assets: 100.0% |
|
$ |
19,151,483 |
| |||
ADR = American Depositary Receipts
GDR = Global Depository Receipts
Columbia Acorn Fund
Statement of Investments (Unaudited), continued
> Notes to Statement of Investments (dollar values in thousands)
* Security Valuation:
Securities of the Fund are valued at market value or, if a market quotation for a security is not readily available or is deemed not to be reliable because of events or circumstances that have occurred between the market quotation and the time as of which the security is to be valued, the security is valued at a fair value determined in good faith under consistently applied procedures established by the Board of Trustees. A security traded on a securities exchange or in an over-the-counter market in which transaction prices are reported is valued at the last sales price at the time of valuation. A security traded principally on NASDAQ is valued at the NASDAQ official closing price. Mutual Funds and Exchange Traded Funds are valued at their closing net asset value as reported to NASDAQ. A security for which there is no reported sale on the valuation date is valued at the latest bid quotation. Short-term investments maturing in 60 days or less are valued at amortized cost, which approximates market value. A security for which a market quotation is not readily available and any other assets are valued at their fair value determined in good faith under consistently applied procedures established by the Board of Trustees. The Fund has retained an independent statistical fair value pricing service that employs a systematic methodology to assist in the fair valuation process for securities principally traded in a foreign market in order to adjust for possible changes in value that may occur between the close of the foreign exchange and the time as of which the securities are to be valued. If a security is valued at fair value, that value may be different from the last quoted market price for the security.
Various inputs are used in determining the value of the Fund’s investments, following the input prioritization hierarchy established by GAAP. These inputs are summarized in the three broad levels listed below:
· Level 1 — quoted prices in active markets for identical securities
· Level 2 — prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others)
· Level 3 — prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Examples of the types of securities in which the Fund would typically invest and how they are classified within this hierarchy are as follows. Typical Level 1 securities include exchange traded domestic equities, mutual funds whose NAVs are published each day and exchange traded foreign equities that are not statistically fair valued. Typical Level 2 securities include exchange traded foreign equities that are statistically fair valued, forward foreign currency exchange contracts and short-term investments valued at amortized cost. Additionally, securities fair valued by the Fund’s Valuation Committee that rely on significant observable inputs are also included in level 2. Typical Level 3 securities include any security fair valued by the Fund’s Valuation Committee that relies on significant unobservable inputs.
The following table summarizes the inputs used, as of March 31, 2011, in valuing the Fund’s assets:
|
Investment Type |
|
Quoted Prices |
|
Other |
|
Significant |
|
Total |
| ||||
|
Equities |
|
|
|
|
|
|
|
|
| ||||
|
Information |
|
$ |
4,840,367 |
|
$ |
221,919 |
|
$ |
— |
|
$ |
5,062,286 |
|
|
Industrial Goods & Services |
|
3,107,855 |
|
402,424 |
|
— |
|
3,510,279 |
| ||||
|
Consumer Goods & Services |
|
3,104,090 |
|
118,814 |
|
262 |
|
3,223,166 |
| ||||
|
Energy & Minerals |
|
1,665,768 |
|
432,605 |
|
15,000 |
|
2,113,373 |
| ||||
|
Finance |
|
1,934,384 |
|
24,794 |
|
— |
|
1,959,178 |
| ||||
|
Health Care |
|
1,670,282 |
|
21,244 |
|
95 |
|
1,691,621 |
| ||||
|
Other Industries |
|
944,240 |
|
81,169 |
|
23,919 |
|
1,049,328 |
| ||||
|
Total Equities |
|
17,266,986 |
|
1,302,969 |
|
39,276 |
|
18,609,231 |
| ||||
|
Total Securities Lending Collateral |
|
140,550 |
|
— |
|
— |
|
140,550 |
| ||||
|
Total Short-Term Obligations |
|
— |
|
541,467 |
|
— |
|
541,467 |
| ||||
|
Total Investments |
|
$ |
17,407,536 |
|
$ |
1,844,436 |
|
$ |
39,276 |
|
$ |
19,291,248 |
|
The Fund’s assets assigned to the Level 2 input category are generally valued using a market approach, in which a security’s value is determined through its correlation to prices and information from observable market transactions for similar or identical assets. Foreign equities are generally valued at the last sales price on the foreign exchange or market on which they trade. The Fund may use a systematic fair valuation model provided by an independent third party to value securities principally traded in foreign markets in order to adjust for possible stale pricing that may occur between the close of the foreign exchanges and the time for valuation. These models take into account available market data including intraday index, ADR, and ETF movements. Securities acquired via private placement that have a holding period or an extended settlement period are valued at a discount to the same shares that are trading freely on the market. These discounts are determined by the adviser’s experience with similar securities or situations. Factors may include, but are not limited to, trade volume, shares outstanding and stock price. Warrants which do not trade are valued as a percentage of the actively trading common stock using a model based on Black Scholes.
Certain short-term obligations may be valued using amortized cost, an income approach which converts future cash flows to a present value based upon the discount or premium at purchase.
The Fund’s assets assigned to the Level 3 input category are valued at fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees. To determine fair value, management will utilize the valuation technique that they deem the most appropriate in the circumstances. Securities acquired via private placement that are not yet trading are valued using a market approach for which management has determined that the original transaction price is the best representation of fair value. The original cost may be adjusted for the market movement in an index, ETF or similar security during the period it does not trade. Securities for which no market exists are valued based upon a market approach using some unobservable inputs which may include, but are not limited to, projected earnings, available cash, line of business, multiples, and consideration of the prioritization of the equity in a company’s capital structure.
The following table shows transfers between Level 1 and Level 2 of the fair value hierarchy:
|
Transfers In |
|
Transfers Out |
| ||||||||
|
Level 1 |
|
Level 2 |
|
Level 1 |
|
Level 2 |
| ||||
|
$ |
54,754 |
|
$ |
— |
|
$ |
— |
|
$ |
54,754 |
|
Financial assets were transferred from Level 2 to Level 1 as they resumed trading during the period.
> Notes to Statement of Investments (dollar values in thousands)
The following table shows transfers between Level 2 and Level 3 of the fair value hierarchy:
|
Transfers In |
|
Transfers Out |
| ||||||||
|
Level 2 |
|
Level 3 |
|
Level 2 |
|
Level 3 |
| ||||
|
$ |
— |
|
$ |
24,194 |
|
$ |
24,194 |
|
$ |
— |
|
Financial assets were transferred from Level 2 to Level 3 as trading was halted during the period.
The following table reconciles asset balances for the three months ending March 31, 2011, in which significant unobservable inputs (Level 3) were used in determining value:
|
Investments |
|
Balance |
|
Realized |
|
Change in |
|
Purchases |
|
Sales |
|
Transfers |
|
Transfers |
|
Balance |
| ||||||||
|
Equities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Consumer Goods & Services |
|
$ |
262 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
262 |
|
|
Energy & Minerals |
|
15,000 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
15,000 |
| ||||||||
|
Health Care |
|
103 |
|
— |
|
(8 |
) |
— |
|
— |
|
— |
|
— |
|
95 |
| ||||||||
|
Other Industries |
|
— |
|
— |
|
(275 |
) |
— |
|
— |
|
24,194 |
|
— |
|
23,919 |
| ||||||||
|
|
|
$ |
15,365 |
|
$ |
— |
|
$ |
(283 |
) |
$ |
— |
|
$ |
— |
|
$ |
24,194 |
|
$ |
— |
|
$ |
39,276 |
|
The information in the above reconciliation table represents fiscal year to date activity for any securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period.
The change in unrealized depreciation attributed to securities owned at March 31, 2011, which were valued using significant unobservable inputs (Level 3) amounted to $283.
(a) Non-income producing security.
(b) An affiliated person of the Fund may include any company in which the Fund owns five percent or more of its outstanding voting shares. Holdings and transactions in these affiliated companies during the three months ended March 31, 2011, are as follows:
|
Affiliates |
|
Balance of |
|
Purchases/ |
|
Sales/ |
|
Balance of |
|
Value |
|
Dividend |
| ||
|
AFC Enterprises |
|
2,000,000 |
|
— |
|
— |
|
2,000,000 |
|
$ |
30,260 |
|
$ |
— |
|
|
Allos Therapeutics* |
|
7,035,000 |
|
— |
|
4,279,466 |
|
2,755,534 |
|
8,735 |
|
— |
| ||
|
Array Biopharma |
|
3,500,000 |
|
— |
|
— |
|
3,500,000 |
|
10,710 |
|
— |
| ||
|
Art Technology Group* |
|
9,000,000 |
|
— |
|
9,000,000 |
|
— |
|
— |
|
— |
| ||
|
Associated Estates Realty |
|
2,200,000 |
|
— |
|
— |
|
2,200,000 |
|
34,936 |
|
374 |
| ||
|
Bally Technologies |
|
3,725,000 |
|
— |
|
— |
|
3,725,000 |
|
140,991 |
|
— |
| ||
|
Blackbaud |
|
2,250,000 |
|
— |
|
— |
|
2,250,000 |
|
61,290 |
|
270 |
| ||
|
CAI International |
|
1,650,000 |
|
— |
|
200,000 |
|
1,450,000 |
|
37,497 |
|
— |
| ||
|
Cavco Industries |
|
180,000 |
|
208,907 |
|
— |
|
388,907 |
|
17,563 |
|
— |
| ||
|
Cepheid |
|
2,415,000 |
|
785,000 |
|
— |
|
3,200,000 |
|
89,664 |
|
— |
| ||
|
Chelsea Therapeutics |
|
3,449,900 |
|
1,100,000 |
|
— |
|
4,549,900 |
|
17,745 |
|
— |
| ||
|
Clarcor |
|
2,565,000 |
|
— |
|
— |
|
2,565,000 |
|
115,245 |
|
269 |
| ||
|
Cogent Communications |
|
2,800,000 |
|
— |
|
280,000 |
|
2,520,000 |
|
35,960 |
|
— |
| ||
|
Constant Contact |
|
1,400,000 |
|
519,615 |
|
— |
|
1,919,615 |
|
66,995 |
|
— |
| ||
|
Diamond Foods |
|
1,300,000 |
|
— |
|
— |
|
1,300,000 |
|
72,540 |
|
59 |
| ||
|
Donaldson |
|
4,200,000 |
|
— |
|
— |
|
4,200,000 |
|
257,418 |
|
546 |
| ||
|
Drew Industries |
|
1,260,000 |
|
— |
|
— |
|
1,260,000 |
|
28,136 |
|
— |
| ||
|
Education Realty Trust* |
|
3,000,000 |
|
— |
|
— |
|
3,000,000 |
|
24,090 |
|
150 |
| ||
|
eResearch Technology |
|
4,250,000 |
|
— |
|
— |
|
4,250,000 |
|
28,773 |
|
— |
| ||
|
ESCO Technologies |
|
2,200,000 |
|
— |
|
— |
|
2,200,000 |
|
83,930 |
|
176 |
| ||
|
Gaiam |
|
1,371,366 |
|
— |
|
— |
|
1,371,366 |
|
9,051 |
|
— |
| ||
|
Gaylord Entertainment |
|
3,850,000 |
|
— |
|
— |
|
3,850,000 |
|
133,518 |
|
— |
| ||
|
H&E Equipment Services |
|
3,000,000 |
|
— |
|
— |
|
3,000,000 |
|
58,530 |
|
— |
| ||
|
Hackett Group |
|
4,500,000 |
|
— |
|
— |
|
4,500,000 |
|
17,280 |
|
— |
| ||
|
HEICO |
|
1,700,000 |
|
100,000 |
|
— |
|
1,800,000 |
|
80,964 |
|
102 |
| ||
|
Helen of Troy |
|
1,600,000 |
|
— |
|
— |
|
1,600,000 |
|
47,040 |
|
— |
| ||
|
iGate |
|
2,913,065 |
|
— |
|
13,065 |
|
2,900,000 |
|
54,433 |
|
— |
| ||
|
II-VI |
|
2,225,000 |
|
50,000 |
|
— |
|
2,275,000 |
|
113,181 |
|
— |
| ||
|
Informatica |
|
5,200,000 |
|
— |
|
— |
|
5,200,000 |
|
271,596 |
|
— |
| ||
|
Interline Brands |
|
2,600,000 |
|
— |
|
— |
|
2,600,000 |
|
53,040 |
|
— |
| ||
|
IPG Photonics |
|
2,710,000 |
|
70,000 |
|
— |
|
2,780,000 |
|
160,350 |
|
— |
| ||
Columbia Acorn Fund
Statement of Investments (Unaudited), continued
> Notes to Statement of Investments (dollar values in thousands)
|
Affiliates |
|
Balance of |
|
Purchases/ |
|
Sales/ |
|
Balance of |
|
Value |
|
Dividend |
| ||
|
IXYS |
|
1,900,000 |
|
— |
|
— |
|
1,900,000 |
|
$ |
25,517 |
|
$ |
— |
|
|
Kenexa |
|
2,025,000 |
|
— |
|
— |
|
2,025,000 |
|
55,870 |
|
— |
| ||
|
Knoll |
|
4,000,000 |
|
— |
|
— |
|
4,000,000 |
|
83,840 |
|
240 |
| ||
|
Lifetime Fitness |
|
2,190,000 |
|
— |
|
— |
|
2,190,000 |
|
81,709 |
|
— |
| ||
|
lululemon athletica |
|
4,035,000 |
|
— |
|
— |
|
4,035,000 |
|
359,316 |
|
— |
| ||
|
Marlin Business Services |
|
1,091,000 |
|
— |
|
— |
|
1,091,000 |
|
13,463 |
|
— |
| ||
|
MB Financial |
|
2,860,000 |
|
— |
|
— |
|
2,860,000 |
|
59,946 |
|
29 |
| ||
|
McGrath Rentcorp |
|
2,350,000 |
|
— |
|
— |
|
2,350,000 |
|
64,085 |
|
529 |
| ||
|
Micromet |
|
5,500,000 |
|
— |
|
— |
|
5,500,000 |
|
30,855 |
|
— |
| ||
|
Nabi Biopharmaceuticals |
|
1,383,454 |
|
1,228,482 |
|
— |
|
2,611,936 |
|
15,175 |
|
— |
| ||
|
Nanosphere* |
|
1,480,056 |
|
— |
|
515,557 |
|
964,499 |
|
3,135 |
|
— |
| ||
|
Navigant Consulting |
|
3,100,000 |
|
— |
|
— |
|
3,100,000 |
|
30,969 |
|
— |
| ||
|
NPS Pharmaceuticals |
|
3,200,000 |
|
1,300,000 |
|
— |
|
4,500,000 |
|
43,065 |
|
— |
| ||
|
Orko Silver* |
|
10,000,000 |
|
— |
|
5,000,000 |
|
5,000,000 |
|
13,048 |
|
— |
| ||
|
Orthofix International* |
|
1,150,000 |
|
— |
|
580,000 |
|
570,000 |
|
18,502 |
|
— |
| ||
|
PAETEC Holding |
|
9,600,000 |
|
— |
|
— |
|
9,600,000 |
|
32,064 |
|
— |
| ||
|
Pericom Semiconductor |
|
1,765,000 |
|
— |
|
— |
|
1,765,000 |
|
18,303 |
|
— |
| ||
|
Petroamerica |
|
30,275,000 |
|
— |
|
— |
|
30,275,000 |
|
8,119 |
|
— |
| ||
|
Petrodorado |
|
48,000,000 |
|
2,000,000 |
|
— |
|
50,000,000 |
|
16,261 |
|
— |
| ||
|
Petrolifera Petroleum* |
|
13,950,000 |
|
— |
|
13,950,000 |
|
— |
|
— |
|
— |
| ||
|
Petromanas |
|
56,250,000 |
|
— |
|
— |
|
56,250,000 |
|
13,931 |
|
— |
| ||
|
Pinnacle Entertainment |
|
3,400,000 |
|
— |
|
— |
|
3,400,000 |
|
46,308 |
|
— |
| ||
|
Quetzal Energy |
|
— |
|
50,000,000 |
|
— |
|
50,000,000 |
|
7,101 |
|
— |
| ||
|
Rush Enterprises |
|
3,350,000 |
|
— |
|
— |
|
3,350,000 |
|
65,004 |
|
— |
| ||
|
Salem Communications |
|
1,541,000 |
|
— |
|
— |
|
1,541,000 |
|
5,779 |
|
— |
| ||
|
Shutterfly |
|
1,700,000 |
|
600,000 |
|
— |
|
2,300,000 |
|
120,428 |
|
— |
| ||
|
Spanish Broadcasting System |
|
2,400,000 |
|
— |
|
— |
|
2,400,000 |
|
2,280 |
|
— |
| ||
|
SPS Commerce |
|
856,429 |
|
43,571 |
|
— |
|
900,000 |
|
13,959 |
|
— |
| ||
|
Supertex |
|
1,035,000 |
|
— |
|
62,300 |
|
972,700 |
|
21,672 |
|
— |
| ||
|
Talbots |
|
4,150,000 |
|
— |
|
— |
|
4,150,000 |
|
25,066 |
|
— |
| ||
|
THQ |
|
3,567,000 |
|
— |
|
— |
|
3,567,000 |
|
16,266 |
|
— |
| ||
|
TriCo Bancshares |
|
1,350,000 |
|
— |
|
— |
|
1,350,000 |
|
22,019 |
|
122 |
| ||
|
True Religion Apparel |
|
2,047,000 |
|
— |
|
— |
|
2,047,000 |
|
48,043 |
|
— |
| ||
|
Tuscany International Drilling*+ |
|
13,319,200 |
|
15,069,000 |
|
17,829,000 |
|
10,559,200 |
|
15,017 |
|
— |
| ||
|
tw telecom |
|
9,500,000 |
|
— |
|
— |
|
9,500,000 |
|
182,400 |
|
— |
| ||
|
Tyler Technologies |
|
2,000,000 |
|
— |
|
— |
|
2,000,000 |
|
47,420 |
|
— |
| ||
|
Universal Technical Institute |
|
1,700,000 |
|
— |
|
— |
|
1,700,000 |
|
33,065 |
|
— |
| ||
|
Virtusa |
|
2,000,000 |
|
64,900 |
|
— |
|
2,064,900 |
|
38,675 |
|
— |
| ||
|
Warnaco Group |
|
2,190,000 |
|
— |
|
— |
|
2,190,000 |
|
125,246 |
|
— |
| ||
|
World Acceptance |
|
1,505,202 |
|
— |
|
— |
|
1,505,202 |
|
98,139 |
|
— |
| ||
|
Total of Affiliated Transactions |
|
355,764,672 |
|
73,139,475 |
|
51,709,388 |
|
377,194,759 |
|
$ |
4,082,521 |
|
$ |
2,866 |
|
* At March 31, 2011, the Fund owned less than five percent of the company’s outstanding voting shares.
+ Includes the effects of a corporate action.
The aggregate cost and value of these affiliated companies at March 31, 2011, were $2,500,710 and $3,999,995, respectively. Investments in affiliated companies represented 20.9% of the Fund’s total net assets at March 31, 2011.
(c) All or a portion of this security was on loan at March 31, 2011. The total market value of Fund securities on loan at March 31, 2011 was $137,051.
(d) Denotes a restricted security, which is subject to restrictions on resale under federal securities laws. These securities are valued at a fair value determined in good faith under consistently applied procedures established by the Board of Trustees. At March 31, 2011, the market value of these securities amounted to $81,679, which represented 0.43% of total net assets.
Additional information on these securities is as follows:
|
Security |
|
Acquisition |
|
Shares |
|
Cost |
|
Value |
| ||
|
Union Agriculture Group |
|
12/08/10 |
|
6,818,182 |
|
$ |
15,000 |
|
$ |
15,000 |
|
|
Mail.ru - GDR |
|
11/05/10-12/31/10 |
|
464,305 |
|
16,518 |
|
13,906 |
| ||
|
Petromanas |
|
5/20/10 |
|
37,500,000 |
|
13,032 |
|
12,699 |
| ||
|
Canacol Energy |
|
4/15/10 |
|
6,300,000 |
|
4,667 |
|
9,552 |
| ||
> Notes to Statement of Investments (dollar values in thousands)
|
Security |
|
Acquisition |
|
Shares |
|
Cost |
|
Value |
| ||
|
Tuscany International Drilling |
|
3/18/10-3/23/10 |
|
5,519,200 |
|
$ |
5,519 |
|
$ |
8,536 |
|
|
Quetzal Energy |
|
1/14/11 |
|
41,100,000 |
|
5,193 |
|
5,816 |
| ||
|
Tahoe Resources |
|
5/28/10 |
|
236,400 |
|
1,350 |
|
4,684 |
| ||
|
Canadian Overseas Petroleum |
|
11/24/10 |
|
8,400,000 |
|
3,591 |
|
4,670 |
| ||
|
Petrodorado - Warrants |
|
11/20/09 |
|
24,000,000 |
|
2,965 |
|
4,327 |
| ||
|
Petromanas - Warrants |
|
5/20/10 |
|
18,750,000 |
|
1,086 |
|
1,232 |
| ||
|
Canadian Overseas Petroleum - Warrants |
|
11/24/10 |
|
4,200,000 |
|
526 |
|
732 |
| ||
|
Voyager Learning, Contingent Value Rights |
|
12/24/09 |
|
2,000,000 |
|
— |
|
262 |
| ||
|
Tuscany International Drilling - Warrants |
|
2/12/10 |
|
1,040,000 |
|
129 |
|
168 |
| ||
|
MicroDose Technologies |
|
11/24/00 |
|
359,944 |
|
2,005 |
|
94 |
| ||
|
Locus Pharmaceuticals |
|
9/05/01-2/08/07 |
|
94,715 |
|
7,780 |
|
1 |
| ||
|
Security Capital European Realty |
|
8/20/98-7/20/99 |
|
37,407 |
|
205 |
|
— |
| ||
|
|
|
|
|
|
|
$ |
79,566 |
|
$ |
81,679 |
|
(e) Security has no value.
(f) Investment made with cash collateral received from securities lending activity.
(g) At March 31, 2011, for federal income tax purposes, the cost of investments was $11,935,425 and net unrealized appreciation was $7,256,823, consisting of gross unrealized appreciation of $7,971,319 and gross unrealized depreciation of $714,496.
(h) On March 31, 2011, the market value of foreign securities represented 11.56% of total net assets. The Fund’s foreign portfolio was diversified as follows:
|
|
|
Value |
|
Percentage |
| |
|
Netherlands |
|
$ |
453,102 |
|
2.37 |
|
|
Canada |
|
352,295 |
|
1.84 |
| |
|
Colombia |
|
229,055 |
|
1.20 |
| |
|
Singapore |
|
156,990 |
|
0.82 |
| |
|
Sweden |
|
141,224 |
|
0.74 |
| |
|
Japan |
|
117,229 |
|
0.61 |
| |
|
Hong Kong |
|
89,170 |
|
0.46 |
| |
|
United Kingdom |
|
84,058 |
|
0.44 |
| |
|
France |
|
81,810 |
|
0.43 |
| |
|
China |
|
70,476 |
|
0.37 |
| |
|
Denmark |
|
52,055 |
|
0.27 |
| |
|
Brazil |
|
51,885 |
|
0.27 |
| |
|
South Africa |
|
47,376 |
|
0.25 |
| |
|
India |
|
44,946 |
|
0.23 |
| |
|
Chile |
|
37,190 |
|
0.19 |
| |
|
Ireland |
|
36,273 |
|
0.19 |
| |
|
Israel |
|
29,552 |
|
0.15 |
| |
|
Iraq |
|
26,798 |
|
0.14 |
| |
|
Switzerland |
|
24,083 |
|
0.13 |
| |
|
Spain |
|
18,924 |
|
0.10 |
| |
|
Italy |
|
15,956 |
|
0.08 |
| |
|
Argentina |
|
15,000 |
|
0.08 |
| |
|
Germany |
|
14,194 |
|
0.07 |
| |
|
Russia |
|
13,906 |
|
0.07 |
| |
|
Iceland |
|
11,242 |
|
0.06 |
| |
|
Luxembourg |
|
— |
|
— |
| |
|
Total Foreign Portfolio |
|
$ |
2,214,789 |
|
11.56 |
|
Columbia Acorn International
Statement of Investments (Unaudited), March 31, 2011
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
Equities: 94.6% |
|
|
| |||
|
Europe 38.1% |
|
|
| |||
|
|
|
> United Kingdom 7.3% |
|
|
| |
|
2,000,000 |
|
Intertek Group |
|
$ |
65,259 |
|
|
|
|
Testing, Inspection & Certification Services |
|
|
| |
|
6,700,000 |
|
Serco |
|
59,975 |
| |
|
|
|
Facilities Management |
|
|
| |
|
4,950,000 |
|
Chemring |
|
54,910 |
| |
|
|
|
Defense Manufacturer of Countermeasures & Energetics |
|
|
| |
|
9,259,000 |
|
Cobham |
|
34,192 |
| |
|
|
|
Aerospace Components |
|
|
| |
|
1,976,000 |
|
Petropavlovsk |
|
31,636 |
| |
|
|
|
Gold & Iron Ore Mining in Russia |
|
|
| |
|
60,304,000 |
|
Workspace Group (a) |
|
26,362 |
| |
|
|
|
United Kingdom Real Estate |
|
|
| |
|
26,712,371 |
|
Archipelago Resources (b) |
|
24,586 |
| |
|
|
|
Gold Mining Projects in Indonesia, Vietnam & the Philippines |
|
|
| |
|
2,147,000 |
|
JLT Group |
|
23,834 |
| |
|
|
|
International Business Insurance Broker |
|
|
| |
|
3,100,000 |
|
GlobeOp Financial Services |
|
19,892 |
| |
|
|
|
Hedge Fund Administrator |
|
|
| |
|
608,000 |
|
Premier Oil (b) |
|
19,449 |
| |
|
|
|
Oil & Gas Producer in Europe, Pakistan & Asia |
|
|
| |
|
682,000 |
|
Rotork |
|
19,102 |
| |
|
|
|
Valve Actuators for Oil & Water Pipelines |
|
|
| |
|
2,952,542 |
|
Abcam |
|
17,856 |
| |
|
|
|
Online Sales of Antibodies |
|
|
| |
|
1,445,775 |
|
Smith & Nephew |
|
16,305 |
| |
|
|
|
Medical Equipment & Supplies |
|
|
| |
|
690,000 |
|
Tullow Oil |
|
16,028 |
| |
|
|
|
Oil & Gas Producer |
|
|
| |
|
1,549,500 |
|
Sterling Resources (b) |
|
6,952 |
| |
|
|
|
Oil & Gas Exploration - Europe |
|
|
| |
|
859,200 |
|
Shaftesbury |
|
6,521 |
| |
|
|
|
London Prime Retail REIT |
|
|
| |
|
3,500,000 |
|
PureCircle (b)(c) |
|
6,204 |
| |
|
|
|
Natural Sweeteners |
|
|
| |
|
1,462,658 |
|
FlyBe (b) |
|
6,101 |
| |
|
|
|
Largest European Regional Airline |
|
|
| |
|
1,650,000 |
|
SKIL Ports & Logistics (b) |
|
5,453 |
| |
|
|
|
Indian Container Port Project |
|
|
| |
|
1,050,500 |
|
Sterling Resources (b)(d) |
|
4,619 |
| |
|
|
|
Oil & Gas Exploration - Europe |
|
|
| |
|
|
|
|
|
465,236 |
| |
|
|
|
> Netherlands 6.6% |
|
|
| |
|
763,202 |
|
Fugro |
|
67,255 |
| |
|
|
|
Sub-sea Oilfield Services |
|
|
| |
|
1,803,729 |
|
Imtech |
|
66,948 |
| |
|
|
|
Electromechanical & Information & Communications Technologies Installation & Maintenance |
|
|
| |
|
2,258,060 |
|
Aalberts Industries |
|
53,586 |
| |
|
|
|
Flow Control & Heat Treatment |
|
|
| |
|
1,104,200 |
|
Vopak |
|
53,127 |
| |
|
|
|
World’s Largest Operator of Petroleum & Chemical Storage Terminals |
|
|
| |
|
1,240,557 |
|
Koninklijke TenCate |
|
50,854 |
| |
|
|
|
Advanced Textiles & Industrial Fabrics |
|
|
| |
|
1,476,800 |
|
Unit 4 Agresso (a) |
|
50,230 |
| |
|
|
|
Business Software Development |
|
|
| |
|
1,164,669 |
|
Arcadis |
|
28,150 |
| |
|
|
|
Engineering Consultants |
|
|
| |
|
249,000 |
|
Core Laboratories |
|
25,440 |
| |
|
|
|
Oil & Gas Reservoir Consulting |
|
|
| |
|
1,079,600 |
|
USG People (b) |
|
22,338 |
| |
|
|
|
Temporary Staffing Services |
|
|
| |
|
|
|
|
|
417,928 |
| |
|
|
|
> France 5.2% |
|
|
| |
|
610,000 |
|
Neopost |
|
53,434 |
| |
|
|
|
Postage Meter Machines |
|
|
| |
|
600,800 |
|
Eurofins Scientific |
|
52,986 |
| |
|
|
|
Food, Pharmaceuticals & Materials Screening & Testing |
|
|
| |
|
902,900 |
|
Saft |
|
38,362 |
| |
|
|
|
Niche Battery Manufacturer |
|
|
| |
|
274,100 |
|
Rubis |
|
32,716 |
| |
|
|
|
Tank Storage & Liquefied Petroleum Gas Distribution |
|
|
| |
|
639,000 |
|
Gemalto |
|
31,428 |
| |
|
|
|
Smart Card Products & Solutions |
|
|
| |
|
541,500 |
|
Mersen |
|
30,029 |
| |
|
|
|
Advanced Industrial Materials |
|
|
| |
|
322,200 |
|
Pierre & Vacances |
|
28,311 |
| |
|
|
|
Vacation Apartment Lets |
|
|
| |
|
670,000 |
|
Teleperformance |
|
25,262 |
| |
|
|
|
Call Center Operator |
|
|
| |
|
213,800 |
|
Norbert Dentressangle |
|
22,925 |
| |
|
|
|
Leading European Logistics & Transport Group |
|
|
| |
|
1,689,100 |
|
Hi-Media (b) |
|
8,522 |
| |
|
|
|
Online Advertiser in Europe |
|
|
| |
|
372,000 |
|
Toreador Resources (b) |
|
4,010 |
| |
|
|
|
Drilling for Oil in France’s Paris Basin |
|
|
| |
|
|
|
|
|
327,985 |
| |
|
|
|
> Germany 3.7% |
|
|
| |
|
630,000 |
|
Rheinmetall |
|
52,204 |
| |
|
|
|
Defense & Automotive |
|
|
| |
|
2,120,000 |
|
Wirecard |
|
38,022 |
| |
|
|
|
Online Payment Processing & Risk Management |
|
|
| |
|
137,500 |
|
Rational |
|
32,737 |
| |
|
|
|
Commercial Ovens |
|
|
| |
|
240,000 |
|
Vossloh |
|
32,105 |
| |
|
|
|
Rail Infrastructure & Diesel Locomotives |
|
|
| |
|
490,000 |
|
CTS Eventim |
|
31,614 |
| |
|
|
|
Event Ticket Sales |
|
|
| |
|
1,110,000 |
|
Rhoen-Klinikum |
|
24,068 |
| |
|
|
|
Health Care Services |
|
|
| |
|
515,000 |
|
Elringklinger |
|
16,243 |
| |
|
|
|
Automobile Components |
|
|
| |
|
312,500 |
|
Deutsche Beteiligungs |
|
9,010 |
| |
|
|
|
Private Equity Investment Management |
|
|
| |
|
|
|
|
|
236,003 |
| |
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
|
|
> Switzerland 3.2% |
|
|
| |
|
22,300 |
|
Sika |
|
$ |
53,705 |
|
|
|
|
Chemicals for Construction & Industrial Applications |
|
|
| |
|
325,000 |
|
Kuehne & Nagel |
|
45,468 |
| |
|
|
|
Freight Forwarding/Logistics |
|
|
| |
|
185,000 |
|
Geberit |
|
40,283 |
| |
|
|
|
Plumbing Supplies |
|
|
| |
|
185,000 |
|
Partners Group |
|
35,369 |
| |
|
|
|
Private Markets Asset Management |
|
|
| |
|
720,000 |
|
Bank Sarasin & Cie |
|
31,355 |
| |
|
|
|
Private Banking |
|
|
| |
|
|
|
|
|
206,180 |
| |
|
|
|
> Sweden 2.8% |
|
|
| |
|
4,382,000 |
|
Hexagon |
|
104,623 |
| |
|
|
|
Measurement Equipment & Software |
|
|
| |
|
3,887,000 |
|
Sweco |
|
40,028 |
| |
|
|
|
Engineering Consultants |
|
|
| |
|
916,662 |
|
East Capital Explorer (b) |
|
12,417 |
| |
|
|
|
Sweden-based RUS/CEE Investment Fund |
|
|
| |
|
607,000 |
|
Unibet |
|
12,189 |
| |
|
|
|
European Online Gaming Operator |
|
|
| |
|
708,342 |
|
Orc Software |
|
11,222 |
| |
|
|
|
Software for Securities Trading, Analysis & Risk Management |
|
|
| |
|
|
|
|
|
180,479 |
| |
|
|
|
> Italy 2.8% |
|
|
| |
|
452,200 |
|
Tod’s |
|
53,287 |
| |
|
|
|
Leather Shoes & Bags |
|
|
| |
|
2,083,000 |
|
Ansaldo STS |
|
30,524 |
| |
|
|
|
Railway Systems Integrator |
|
|
| |
|
4,311,600 |
|
Credito Emiliano |
|
28,303 |
| |
|
|
|
Italian Regional Bank |
|
|
| |
|
3,573,000 |
|
Geox |
|
22,483 |
| |
|
|
|
Apparel & Shoe Maker |
|
|
| |
|
9,796,000 |
|
CIR (b) |
|
22,004 |
| |
|
|
|
Italian Holding Company |
|
|
| |
|
4,111,000 |
|
Terna |
|
19,681 |
| |
|
|
|
Italian Power Transmission |
|
|
| |
|
|
|
|
|
176,282 |
| |
|
|
|
> Ireland 1.2% |
|
|
| |
|
12,110,000 |
|
United Drug |
|
39,474 |
| |
|
|
|
Irish Pharmaceutical Wholesaler & Outsourcer |
|
|
| |
|
431,000 |
|
Paddy Power |
|
18,874 |
| |
|
|
|
Irish Betting Services |
|
|
| |
|
297,000 |
|
Aryzta |
|
14,921 |
| |
|
|
|
Baked Goods |
|
|
| |
|
|
|
|
|
73,269 |
| |
|
|
|
> Denmark 1.1% |
|
|
| |
|
306,000 |
|
Novozymes |
|
46,849 |
| |
|
|
|
Industrial Enzymes |
|
|
| |
|
156,000 |
|
SimCorp |
|
24,996 |
| |
|
|
|
Software for Investment Managers |
|
|
| |
|
|
|
|
|
71,845 |
| |
|
|
|
> Finland 0.9% |
|
|
| |
|
967,777 |
|
Stockmann (c) |
|
29,077 |
| |
|
|
|
Department Store & Fashion Retailer in Scandinavia & Russia |
|
|
| |
|
1,706,942 |
|
Poyry |
|
26,005 |
| |
|
|
|
Engineering Consultants |
|
|
| |
|
|
|
|
|
55,082 |
| |
|
|
|
> Portugal 0.7% |
|
|
| |
|
7,278,105 |
|
Redes Energéticas Nacionais |
|
25,827 |
| |
|
|
|
Portuguese Power Transmission & Gas Transportation |
|
|
| |
|
21,618,000 |
|
Banco Comercial Português |
|
17,647 |
| |
|
|
|
Largest Portuguese Banking Franchise |
|
|
| |
|
|
|
|
|
43,474 |
| |
|
|
|
> Iceland 0.6% |
|
|
| |
|
35,982,499 |
|
Marel (b) |
|
40,451 |
| |
|
|
|
Largest Manufacturer of Poultry & Fish Processing Equipment |
|
|
| |
|
|
|
|
|
40,451 |
| |
|
|
|
> Spain 0.5% |
|
|
| |
|
579,000 |
|
Red Eléctrica de España |
|
32,904 |
| |
|
|
|
Spanish Power Transmission |
|
|
| |
|
|
|
|
|
32,904 |
| |
|
|
|
> Czech Republic 0.5% |
|
|
| |
|
121,268 |
|
Komercni Banka |
|
30,602 |
| |
|
|
|
Leading Czech Republic Universal Bank |
|
|
| |
|
|
|
|
|
30,602 |
| |
|
|
|
> Russia 0.4% |
|
|
| |
|
764,506 |
|
Mail.ru - GDR (b)(d) |
|
22,897 |
| |
|
|
|
Internet Social Networking & Games for Russian Speakers |
|
|
| |
|
|
|
|
|
22,897 |
| |
|
|
|
> Greece 0.3% |
|
|
| |
|
6,475,300 |
|
Intralot |
|
22,483 |
| |
|
|
|
Lottery & Gaming Systems & Services |
|
|
| |
|
|
|
|
|
22,483 |
| |
|
|
|
> Poland 0.2% |
|
|
| |
|
893,900 |
|
Central European Distribution (b) |
|
10,146 |
| |
|
|
|
Largest Spirits Company in Central & Eastern Europe |
|
|
| |
|
|
|
|
|
10,146 |
| |
|
|
|
> Norway 0.1% |
|
|
| |
|
340,964 |
|
Atea |
|
3,838 |
| |
|
|
|
Leading Nordic IT Hardware/Software Re-seller & Installation Company |
|
|
| |
|
|
|
|
|
3,838 |
| |
|
Europe: Total |
|
2,417,084 |
| |||
|
|
|
|
| |||
|
Asia 35.2% |
|
|
| |||
|
|
|
> Japan 15.7% |
|
|
| |
|
7,568,400 |
|
Kansai Paint |
|
65,594 |
| |
|
|
|
Paint Producer in Japan, India, China & Southeast Asia |
|
|
| |
|
22,600 |
|
Advance Residence Investment |
|
44,502 |
| |
|
|
|
Residential REIT |
|
|
| |
Columbia Acorn International
Statement of Investments (Unaudited), continued
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
> Japan—continued |
|
|
| |
|
21,000 |
|
Seven Bank |
|
$ |
42,376 |
|
|
|
|
ATM Processing Services |
|
|
| |
|
3,008,500 |
|
Asics |
|
40,303 |
| |
|
|
|
Footwear & Apparel |
|
|
| |
|
2,421,300 |
|
Start Today |
|
37,334 |
| |
|
|
|
Online Japanese Apparel Retailer |
|
|
| |
|
2,226,000 |
|
Gree |
|
37,302 |
| |
|
|
|
Mobile Social Networking Game Developer/Platform |
|
|
| |
|
6,400 |
|
Orix JREIT |
|
35,180 |
| |
|
|
|
Diversified REIT |
|
|
| |
|
1,846,000 |
|
Aeon Delight |
|
30,876 |
| |
|
|
|
Facility Maintenance & Management |
|
|
| |
|
710,000 |
|
Hamamatsu Photonics |
|
28,143 |
| |
|
|
|
Optical Sensors for Medical & Industrial Applications |
|
|
| |
|
3,283,000 |
|
Kamigumi |
|
28,017 |
| |
|
|
|
Port Cargo Handling & Logistics |
|
|
| |
|
1,532,300 |
|
Hoshizaki Electric |
|
27,852 |
| |
|
|
|
Commercial Kitchen Equipment |
|
|
| |
|
274,000 |
|
Nakanishi |
|
27,524 |
| |
|
|
|
Dental Tools & Machinery |
|
|
| |
|
868,000 |
|
Kintetsu World Express |
|
27,136 |
| |
|
|
|
Airfreight Logistics |
|
|
| |
|
1,360,000 |
|
Asahi Diamond Industrial |
|
26,078 |
| |
|
|
|
Consumable Diamond Tools |
|
|
| |
|
20,900 |
|
Wacom |
|
25,660 |
| |
|
|
|
Computer Graphic Illustration Devices |
|
|
| |
|
5,100 |
|
Osaka Securities Exchange |
|
25,572 |
| |
|
|
|
Osaka Securities Exchange |
|
|
| |
|
789,000 |
|
Tsumura |
|
24,774 |
| |
|
|
|
Traditional Chinese/Japanese Herbal Rx Drugs (Kampo) |
|
|
| |
|
707,000 |
|
Ain Pharmaciez |
|
24,626 |
| |
|
|
|
Dispensing Pharmacy/Drugstore Operator |
|
|
| |
|
509,000 |
|
Makita |
|
23,677 |
| |
|
|
|
Power Tools |
|
|
| |
|
24,022 |
|
Jupiter Telecommunications |
|
23,622 |
| |
|
|
|
Largest Cable Service Provider in Japan |
|
|
| |
|
1,181,200 |
|
Daiseki |
|
23,085 |
| |
|
|
|
Waste Disposal & Recycling |
|
|
| |
|
1,170,800 |
|
Ushio |
|
22,898 |
| |
|
|
|
Industrial Light Sources |
|
|
| |
|
711,000 |
|
Ibiden |
|
22,502 |
| |
|
|
|
Electronic Parts & Ceramics |
|
|
| |
|
977,000 |
|
Glory |
|
21,574 |
| |
|
|
|
Currency Handling Systems & Related Equipment |
|
|
| |
|
1,670,000 |
|
Kuraray |
|
21,564 |
| |
|
|
|
Special Resin, Fine Chemical, Fibers & Textures |
|
|
| |
|
2,400,000 |
|
Shimadzu |
|
21,312 |
| |
|
|
|
Analytical Instruments, Medical & Industrial Equipment |
|
|
| |
|
7,174,000 |
|
Nippon Sheet Glass |
|
20,707 |
| |
|
|
|
Sheet Glass for Building & Automotive Use |
|
|
| |
|
2,850 |
|
Fukuoka |
|
20,372 |
| |
|
|
|
Diversified REIT in Fukuoka |
|
|
| |
|
675,780 |
|
Icom |
|
19,889 |
| |
|
|
|
Two Way Radio Communication Equipment |
|
|
| |
|
906,000 |
|
Aeon Mall |
|
19,429 |
| |
|
|
|
Suburban Shopping Mall Developer, Owner & Operator |
|
|
| |
|
587,800 |
|
Miura |
|
17,611 |
| |
|
|
|
Industrial Boiler Maker, Seller, Distributor & Manufacturer |
|
|
| |
|
2,870 |
|
Kakaku.com |
|
15,972 |
| |
|
|
|
Online Price Comparison Services for Consumers |
|
|
| |
|
1,250,000 |
|
Japan Airport Terminal |
|
15,774 |
| |
|
|
|
Airport Terminal Operator at Haneda |
|
|
| |
|
13,353,800 |
|
Shinsei Bank |
|
15,736 |
| |
|
|
|
Commercial Bank |
|
|
| |
|
1,750,000 |
|
Suruga Bank |
|
15,544 |
| |
|
|
|
Regional Bank |
|
|
| |
|
972,500 |
|
Torishima Pump Manufacturing |
|
14,448 |
| |
|
|
|
Industrial Pump for Power Generation & Water Supply Systems |
|
|
| |
|
439,800 |
|
Pigeon |
|
13,747 |
| |
|
|
|
Baby Care Products |
|
|
| |
|
4,458 |
|
Mori Hills |
|
13,622 |
| |
|
|
|
Tokyo Centric Diversified REIT |
|
|
| |
|
1,172,500 |
|
Sintokogio |
|
12,326 |
| |
|
|
|
Automated Casting Machines, Surface Treatment Systems & Consumables |
|
|
| |
|
33,300 |
|
Benesse |
|
1,367 |
| |
|
|
|
Education Service Provider |
|
|
| |
|
|
|
|
|
995,627 |
| |
|
|
|
> China 5.0% |
|
|
| |
|
16,138,000 |
|
Zhaojin Mining Industry |
|
72,216 |
| |
|
|
|
Gold Mining & Refining in China |
|
|
| |
|
36,700,000 |
|
Jiangsu Expressway |
|
41,329 |
| |
|
|
|
Chinese Toll Road Operator |
|
|
| |
|
12,199,600 |
|
China Yurun Food |
|
40,965 |
| |
|
|
|
Meat Processor in China |
|
|
| |
|
11,286,200 |
|
Shandong Weigao |
|
32,128 |
| |
|
|
|
Vertically Integrated Hospital Consumable Manufacturing |
|
|
| |
|
278,315 |
|
New Oriental Education & Technology - ADR (b) |
|
27,851 |
| |
|
|
|
Education Service Provider |
|
|
| |
|
45,000,000 |
|
China Communication Services |
|
27,485 |
| |
|
|
|
China’s Telecom Infrastructure Service Provider |
|
|
| |
|
240,000,000 |
|
RexLot Holdings |
|
26,549 |
| |
|
|
|
Lottery Equipment Supplier in China |
|
|
| |
|
29,425,300 |
|
Wasion Group |
|
15,818 |
| |
|
|
|
Electronic Power Meter Total Solution Provider |
|
|
| |
|
247,000 |
|
51 job - ADR (b) |
|
15,791 |
| |
|
|
|
An Integrated Human Resources Service Provider |
|
|
| |
|
10,140,400 |
|
China Green |
|
7,796 |
| |
|
|
|
Chinese Fruit & Vegetable Grower & Processor |
|
|
| |
|
817,360 |
|
Zuoan Fashion (b) |
|
5,648 |
| |
|
|
|
Men’s Apparel Provider in China |
|
|
| |
|
223,100 |
|
Noah Holdings - ADR (b)(c) |
|
3,264 |
| |
|
|
|
Wealth Management Product Distributor in China |
|
|
| |
|
|
|
|
|
316,840 |
| |
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
> Singapore 4.1% |
|
|
| |
|
35,000,000 |
|
Olam International |
|
$ |
77,713 |
|
|
|
|
Agriculture Supply Chain Manager |
|
|
| |
|
57,000,000 |
|
Mapletree Logistics Trust |
|
40,958 |
| |
|
|
|
Industrial Property Landlord |
|
|
| |
|
23,000,000 |
|
CDL Hospitality Trust |
|
36,701 |
| |
|
|
|
Hotel Owner/Operator |
|
|
| |
|
20,000,000 |
|
Ascendas REIT |
|
31,892 |
| |
|
|
|
Industrial Property Landlord |
|
|
| |
|
37,010,000 |
|
Mapletree Industrial Trust |
|
30,836 |
| |
|
|
|
Industrial Property Landlord |
|
|
| |
|
4,000,000 |
|
Singapore Exchange |
|
24,897 |
| |
|
|
|
Singapore Equity & Derivatives Market Operator |
|
|
| |
|
12,000,000 |
|
Goodpack |
|
18,480 |
| |
|
|
|
International Bulk Container Leasing |
|
|
| |
|
|
|
|
|
261,477 |
| |
|
|
|
> Hong Kong 3.3% |
|
|
| |
|
7,000,000 |
|
Melco Crown Entertainment - ADR (b) |
|
53,200 |
| |
|
|
|
Macau Casino Operator |
|
|
| |
|
18,000,000 |
|
Lifestyle International |
|
43,158 |
| |
|
|
|
Mid- to High-end Department Store Operator in Hong Kong & China |
|
|
| |
|
23,335,500 |
|
Mongolian Mining (b) |
|
29,786 |
| |
|
|
|
Coking Coal Mining in Mongolia |
|
|
| |
|
30,000,000 |
|
Hutchison Port Holdings Trust (b) |
|
29,700 |
| |
|
|
|
Southern China Container Ports |
|
|
| |
|
8,077,000 |
|
L’Occitane International (b) |
|
19,910 |
| |
|
|
|
Skin Care & Cosmetics Producer |
|
|
| |
|
33,000,000 |
|
Sa Sa International |
|
16,852 |
| |
|
|
|
Cosmetics Retailer |
|
|
| |
|
750,000 |
|
Hong Kong Exchanges and Clearing |
|
16,245 |
| |
|
|
|
Hong Kong Equity & Derivatives Market Operator |
|
|
| |
|
|
|
|
|
208,851 |
| |
|
|
|
> India 3.0% |
|
|
| |
|
1,835,000 |
|
Shriram Transport Finance |
|
32,939 |
| |
|
|
|
Truck Financing in India |
|
|
| |
|
7,675,000 |
|
Jain Irrigation Systems |
|
30,782 |
| |
|
|
|
Agricultural Micro-irrigation Systems & Food Processing |
|
|
| |
|
368,098 |
|
Asian Paints |
|
20,954 |
| |
|
|
|
India’s Largest Paint Company |
|
|
| |
|
5,675,000 |
|
Infrastructure Development Finance |
|
19,653 |
| |
|
|
|
Infrastructure Finance in India |
|
|
| |
|
6,360,300 |
|
Mundra Port & Special Economic Zone |
|
19,464 |
| |
|
|
|
Indian West Coast Shipping Port |
|
|
| |
|
30,574,905 |
|
REI Agro |
|
18,660 |
| |
|
|
|
Basmati Rice Processing |
|
|
| |
|
5,724,526 |
|
Manappuram General Finance |
|
17,311 |
| |
|
|
|
Short-term Lending Collateralized by Household Gold |
|
|
| |
|
1,100,000 |
|
Housing Development Finance |
|
17,226 |
| |
|
|
|
Indian Mortgage Lender |
|
|
| |
|
9,600,000 |
|
S. Kumars Nationwide (b) |
|
11,794 |
| |
|
|
|
Textiles, Clothing & Retail |
|
|
| |
|
285,853 |
|
Patel Engineering (b) |
|
901 |
| |
|
|
|
Civil Engineering & Construction |
|
|
| |
|
|
|
|
|
189,684 |
| |
|
|
|
> Taiwan 2.5% |
|
|
| |
|
7,200,000 |
|
Simplo Technology |
|
45,040 |
| |
|
|
|
World’s Largest Notebook Battery Pack Supplier |
|
|
| |
|
1,599,620 |
|
Formosa International Hotels |
|
27,251 |
| |
|
|
|
Hotel, Food & Beverage Operation & Hospitality Management Services |
|
|
| |
|
7,206,000 |
|
Everlight Electronics |
|
20,358 |
| |
|
|
|
LED Packager |
|
|
| |
|
2,966,500 |
|
China Steel Chemical |
|
15,839 |
| |
|
|
|
Sole Coal Chemical Producer in Taiwan |
|
|
| |
|
3,362,500 |
|
President Chain Store |
|
14,927 |
| |
|
|
|
Taiwan’s Number One Convenience Chain Store Operator |
|
|
| |
|
1,133,100 |
|
St. Shine Optical |
|
13,934 |
| |
|
|
|
World’s Leading Disposable Contact Lens OEM |
|
|
| |
|
4,639,400 |
|
Taiwan Hon Chuan |
|
11,643 |
| |
|
|
|
Beverage Packaging (Bottles, Caps & Labels) Manufacturer |
|
|
| |
|
4,957,300 |
|
Far Eastone Telecom |
|
7,419 |
| |
|
|
|
Taiwan’s Third Largest Mobile Operator |
|
|
| |
|
1,842,500 |
|
Sinyi Realty |
|
3,314 |
| |
|
|
|
Taiwanese Realty Company |
|
|
| |
|
|
|
|
|
159,725 |
| |
|
|
|
> South Korea 1.3% |
|
|
| |
|
1,157,000 |
|
Woongjin Coway |
|
39,925 |
| |
|
|
|
South Korean Household Appliance Rental Service Provider |
|
|
| |
|
150,000 |
|
NHN (b) |
|
26,171 |
| |
|
|
|
South Korea’s Largest Online Search Engine |
|
|
| |
|
121,132 |
|
MegaStudy |
|
18,633 |
| |
|
|
|
Education Service Provider |
|
|
| |
|
|
|
|
|
84,729 |
| |
|
|
|
> Thailand 0.3% |
|
|
| |
|
58,207,800 |
|
Home Product Center |
|
17,610 |
| |
|
|
|
Home Improvement Retailer |
|
|
| |
|
|
|
|
|
17,610 |
| |
|
Asia: Total |
|
2,234,543 |
| |||
|
Other Countries 15.8% |
|
|
| |||
|
|
|
> Canada 5.5% |
|
|
| |
|
1,710,000 |
|
ShawCor |
|
64,308 |
| |
|
|
|
Oil & Gas Pipeline Products |
|
|
| |
|
977,500 |
|
Ivanhoe Mines (b) |
|
26,810 |
| |
|
855,600 |
|
Ivanhoe Mines (b)(e) |
|
23,495 |
| |
|
|
|
Copper Mine Project in Mongolia |
|
|
| |
|
735,000 |
|
Baytex |
|
42,978 |
| |
|
|
|
Oil & Gas Producer in Canada |
|
|
| |
|
1,301,612 |
|
CCL Industries |
|
42,425 |
| |
|
|
|
Leading Global Label Manufacturer |
|
|
| |
|
540,000 |
|
AG Growth |
|
25,443 |
| |
|
|
|
Leading Manufacturer of Augers & Grain Handling Equipment |
|
|
| |
|
605,000 |
|
Onex Capital |
|
21,211 |
| |
|
|
|
Private Equity Firm |
|
|
| |
|
872,700 |
|
Tahoe Resources (b)(d) |
|
17,290 |
| |
|
|
|
Silver Project in Guatemala |
|
|
| |
Columbia Acorn International
Statement of Investments (Unaudited), continued
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
> Canada—continued |
|
|
| |
|
2,696,000 |
|
DeeThree Exploration (a)(b)(d) |
|
$ |
10,831 |
|
|
1,042,877 |
|
DeeThree Exploration (a)(b) |
|
4,410 |
| |
|
|
|
Canadian Oil & Gas Producer |
|
|
| |
|
546,500 |
|
Black Diamond Group |
|
14,543 |
| |
|
|
|
Provides Accommodations/Equipment for Oil Sands Exploitation |
|
|
| |
|
1,355,000 |
|
Guyana Goldfields (b) |
|
13,166 |
| |
|
|
|
Gold Mining Projects in Guyana |
|
|
| |
|
2,214,100 |
|
Horizon North Logistics (b) |
|
11,373 |
| |
|
|
|
Provides Diversified Oil Service Offering in Northern Canada |
|
|
| |
|
1,480,610 |
|
Pan Orient (b) |
|
10,522 |
| |
|
|
|
Growth Oriented & Return Focused Asian Explorer |
|
|
| |
|
5,737,500 |
|
Southern Arc Minerals (a)(b)(d) |
|
7,604 |
| |
|
|
|
Gold & Copper Exploration in Indonesia |
|
|
| |
|
12,500,000 |
|
Eacom Timber (b)(d) |
|
6,570 |
| |
|
|
|
Canadian Lumber Producer |
|
|
| |
|
12,500,000 |
|
Petromanas (b)(d) |
|
4,233 |
| |
|
6,250,000 |
|
Petromanas - Warrants (b)(d) |
|
411 |
| |
|
|
|
Exploring for Oil in Albania |
|
|
| |
|
|
|
|
|
347,623 |
| |
|
|
|
> United States 3.9% |
|
|
| |
|
1,340,000 |
|
Atwood Oceanics (b) |
|
62,216 |
| |
|
|
|
Offshore Drilling Contractor |
|
|
| |
|
411,000 |
|
Alexion Pharmaceuticals (b) |
|
40,557 |
| |
|
|
|
Biotech Focused on Orphan Diseases |
|
|
| |
|
918,000 |
|
World Fuel Services |
|
37,280 |
| |
|
|
|
Global Fuel Broker |
|
|
| |
|
329,000 |
|
FMC Technologies (b) |
|
31,084 |
| |
|
|
|
Oil & Gas Wellhead Manufacturer |
|
|
| |
|
1,145,000 |
|
BioMarin Pharmaceutical (b) |
|
28,774 |
| |
|
|
|
Biotech Focused on Orphan Diseases |
|
|
| |
|
568,000 |
|
Textainer Group Holdings |
|
21,107 |
| |
|
|
|
Top International Container Leasor |
|
|
| |
|
391,000 |
|
Bristow (b) |
|
18,494 |
| |
|
|
|
Largest Provider of Helicopter Services to Offshore Oil & Gas Producers |
|
|
| |
|
324,000 |
|
Tesco (b) |
|
7,112 |
| |
|
|
|
Developing New Well Drilling Technologies |
|
|
| |
|
|
|
|
|
246,624 |
| |
|
|
|
> South Africa 3.1% |
|
|
| |
|
1,096,000 |
|
Naspers |
|
58,972 |
| |
|
|
|
Media in Africa, China, Russia & Other Emerging Markets |
|
|
| |
|
4,600,000 |
|
Mr. Price |
|
41,648 |
| |
|
|
|
South African Retailer of Apparel, Household & Sporting Goods |
|
|
| |
|
4,625,000 |
|
Adcock Ingram Holdings |
|
37,978 |
| |
|
|
|
Manufacturer of Pharmaceuticals & Medical Supplies |
|
|
| |
|
5,780,900 |
|
Northam Platinum |
|
37,599 |
| |
|
|
|
Platinum Mining in South Africa |
|
|
| |
|
10,355,359 |
|
Rand Merchant Insurance |
|
17,833 |
| |
|
|
|
Directly Sold Property & Casualty Insurance; Holdings in Other Insurers |
|
|
| |
|
1,788,501 |
|
Coronation Fund Managers |
|
4,706 |
| |
|
|
|
South African Fund Manager |
|
|
| |
|
|
|
|
|
198,736 |
| |
|
|
|
> Australia 2.0% |
|
|
| |
|
2,482,000 |
|
UGL |
|
|
40,259 |
|
|
|
|
Engineering & Facilities Management |
|
|
| |
|
467,000 |
|
Cochlear |
|
40,073 |
| |
|
|
|
Cochlear Implants |
|
|
| |
|
7,286,896 |
|
SAI Global |
|
37,738 |
| |
|
|
|
Publishing, Certification & Compliance Services |
|
|
| |
|
1,000,000 |
|
Seek |
|
6,987 |
| |
|
|
|
Online Job Listing & Education |
|
|
| |
|
3,962,289 |
|
Hastie Group (f) |
|
1,025 |
| |
|
|
|
Mechanical, Electrical & Hydraulic (MEH) Engineering |
|
|
| |
|
|
|
|
|
126,082 |
| |
|
|
|
> Israel 0.8% |
|
|
| |
|
2,890,000 |
|
Israel Chemicals |
|
47,582 |
| |
|
|
|
Producer of Potash, Phosphates, Bromine & Specialty Chemicals |
|
|
| |
|
|
|
|
|
47,582 |
| |
|
|
|
> Kazakhstan 0.3% |
|
|
| |
|
1,770,000 |
|
Halyk Savings Bank of Kazakhstan - GDR (b) |
|
17,824 |
| |
|
|
|
Largest Retail Bank & Insurer in Kazakhstan |
|
|
| |
|
|
|
|
|
17,824 |
| |
|
|
|
> Senegal 0.2% |
|
|
| |
|
43,000 |
|
Sonatel (f) |
|
14,562 |
| |
|
|
|
Leading Telecoms Operator in Western Africa |
|
|
| |
|
|
|
|
|
14,562 |
| |
|
|
|
> Egypt —% |
|
|
| |
|
235,342 |
|
Paints & Chemical Industries (Pachin) |
|
1,618 |
| |
|
|
|
Paints & Inks in Egypt |
|
|
| |
|
|
|
|
|
1,618 |
| |
|
Other Countries: Total |
|
1,000,651 |
| |||
|
Latin America 5.5% |
|
|
| |||
|
|
|
> Brazil 4.0% |
|
|
| |
|
4,700,000 |
|
Localiza Rent A Car |
|
75,423 |
| |
|
|
|
Car Rental |
|
|
| |
|
5,937,000 |
|
Suzano |
|
54,728 |
| |
|
|
|
Brazilian Pulp & Paper Producer |
|
|
| |
|
1,300,000 |
|
Natura |
|
36,628 |
| |
|
|
|
Direct Retailer of Cosmetics |
|
|
| |
|
3,000,000 |
|
Mills Estruturas e Serviços de Engenharia |
|
32,983 |
| |
|
|
|
Civil Engineering & Construction |
|
|
| |
|
5,000,000 |
|
PDG Realty |
|
28,053 |
| |
|
|
|
Brazilian Property Developer |
|
|
| |
|
3,400,000 |
|
MRV Engenharia |
|
27,197 |
| |
|
|
|
Brazilian Property Developer |
|
|
| |
|
|
|
|
|
255,012 |
| |
|
|
|
> Mexico 0.6% |
|
|
| |
|
580,000 |
|
Grupo Aeroportuario del Sureste - ADR |
|
34,087 |
| |
|
|
|
Mexican Airport Operator |
|
|
| |
|
|
|
|
|
34,087 |
| |
|
Number of Shares |
|
|
|
Value (000) |
| ||
|
|
|
> Argentina 0.3% |
|
|
| ||
|
6,818,182 |
|
Union Agriculture Group (b)(d) |
|
$ |
15,000 |
| |
|
|
|
Farmland Operator in Uruguay |
|
|
| ||
|
5,400,000 |
|
Madalena Ventures (b)(d) |
|
4,913 |
| ||
|
|
|
Oil & Gas Exploration in Argentina |
|
|
| ||
|
|
|
|
|
19,913 |
| ||
|
|
|
> Colombia 0.3% |
|
|
| ||
|
8,058,800 |
|
Canacol Energy (b) |
|
12,469 |
| ||
|
|
|
Oil Producer in South America |
|
|
| ||
|
20,718,000 |
|
Gulf United (a)(b)(d) |
|
7,044 |
| ||
|
|
|
Prospecting for Oil Alongside Large Producers in Colombia |
|
|
| ||
|
|
|
|
|
19,513 |
| ||
|
|
|
> Chile 0.3% |
|
|
| ||
|
340,000 |
|
Sociedad Quimica y Minera de Chile - ADR |
|
18,788 |
| ||
|
|
|
Producer of Specialty Fertilizers, Lithium & Iodine |
|
|
| ||
|
|
|
|
|
18,788 |
| ||
|
Latin America: Total |
|
347,313 |
| ||||
|
|
|
|
|
|
| ||
|
Total Equities: 94.6% (Cost: $4,126,160) |
|
5,999,591 |
| ||||
|
|
|
|
|
|
| ||
|
Securities Lending Collateral: 0.2% |
|
|
| ||||
|
9,943,890 |
|
Dreyfus Government Cash Management Fund (g) (7 day yield of 0.00%) |
|
9,944 |
| ||
|
Total Securities Lending Collateral: (Cost: $9,944) |
|
9,944 |
| ||||
|
|
|
|
|
|
| ||
|
Short-Term Obligations: 4.4% |
|
|
| ||||
|
|
|
> Repurchase Agreement 3.9% |
|
|
| ||
|
$ |
248,872 |
|
Repurchase Agreement with Fixed Income Clearing Corp., dated 3/31/11, due 4/01/11 at 0.07%, collateralized by U.S. Government Agency obligations with various maturities to 9/08/17, market value $253,851 (repurchase proceeds $248,872) |
|
248,872 |
| |
|
|
|
|
|
248,872 |
| ||
|
|
|
|
|
|
| ||
|
|
|
> Commercial Paper 0.5% |
|
|
| ||
|
|
29,400 |
|
Toyota Motor Credit 0.22% Due 4/11/11 |
|
|
29,398 |
|
|
|
|
|
|
29,398 |
| ||
|
Total Short-Term Obligations: (Amortized Cost: $278,270) |
|
278,270 |
| ||||
|
|
|
|
| ||||
|
Total Investments: 99.2% (Cost: $4,414,374)(h)(i) |
|
6,287,805 |
| ||||
|
|
|
|
| ||||
|
Obligation to Return Collateral for Securities Loaned: (0.2)% |
|
(9,944 |
) | ||||
|
|
|
|
| ||||
|
Cash and Other Assets Less Liabilities: 1.0% |
|
63,233 |
| ||||
|
|
|
|
| ||||
|
Total Net Assets: 100.0% |
|
$ |
6,341,094 |
| |||
ADR = American Depositary Receipts
GDR = Global Depositary Receipts
Columbia Acorn International
Statement of Investments (Unaudited), continued
> Notes to Statements of Investments (dollar values in thousands)
* Security Valuation:
Securities of the Fund are valued at market value or, if a market quotation for a security is not readily available or is deemed not to be reliable because of events or circumstances that have occurred between the market quotation and the time as of which the security is to be valued, the security is valued at a fair value determined in good faith under consistently applied procedures established by the Board of Trustees. A security traded on a securities exchange or in an over-the-counter market in which transaction prices are reported is valued at the last sales price at the time of valuation. A security traded principally on NASDAQ is valued at the NASDAQ official closing price. Mutual Funds and Exchange Traded Funds are valued at their closing net asset value as reported to NASDAQ. A security for which there is no reported sale on the valuation date is valued at the latest bid quotation. Short-term investments maturing in 60 days or less are valued at amortized cost, which approximates market value. A security for which a market quotation is not readily available and any other assets are valued at their fair value determined in good faith under consistently applied procedures established by the Board of Trustees. The Fund has retained an independent statistical fair value pricing service that employs a systematic methodology to assist in the fair valuation process for securities principally traded in a foreign market in order to adjust for possible changes in value that may occur between the close of the foreign exchange and the time as of which the securities are to be valued. If a security is valued at fair value, that value may be different from the last quoted market price for the security.
Various inputs are used in determining the value of the Fund’s investments, following the input prioritization hierarchy established by GAAP. These inputs are summarized in the three broad levels listed below:
· Level 1 - quoted prices in active markets for identical securities
· Level 2 - prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others)
· Level 3 - prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Examples of the types of securities in which the Fund would typically invest and how they are classified within this hierarchy are as follows. Typical Level 1 securities include exchange traded domestic equities, mutual funds whose NAVs are published each day and exchange traded foreign equities that are not statistically fair valued. Typical Level 2 securities include exchange traded foreign equities that are statistically fair valued, forward foreign currency exchange contracts and short-term investments valued at amortized cost. Additionally, securities fair valued by the Fund’s Valuation Committee that rely on significant observable inputs are also included in level 2. Typical Level 3 securities include any security fair valued by the Fund’s Valuation Committee that relies on significant unobservable inputs.
The following table summarizes the inputs used, as of March 31, 2011, in valuing the Fund’s assets:
|
Investment Type |
|
Quoted Prices |
|
Other |
|
Significant |
|
Total |
| ||||
|
Europe |
|
$ |
69,445 |
|
$ |
2,347,639 |
|
$ |
— |
|
$ |
2,417,084 |
|
|
Asia |
|
135,454 |
|
2,067,197 |
|
31,892 |
|
2,234,543 |
| ||||
|
Other Countries |
|
547,308 |
|
452,318 |
|
1,025 |
|
1,000,651 |
| ||||
|
Latin America |
|
320,356 |
|
11,957 |
|
15,000 |
|
347,313 |
| ||||
|
Total Equities |
|
1,072,563 |
|
4,879,111 |
|
47,917 |
|
5,999,591 |
| ||||
|
Total Securities Lending Collateral |
|
9,944 |
|
— |
|
— |
|
9,944 |
| ||||
|
Total Short-Term Obligations |
|
— |
|
278,270 |
|
— |
|
278,270 |
| ||||
|
Total Investments |
|
$ |
1,082,507 |
|
$ |
5,157,381 |
|
$ |
47,917 |
|
$ |
6,287,805 |
|
|
Unrealized Appreciation on Forward Foreign Currency Contracts |
|
— |
|
6,503 |
|
— |
|
6,503 |
| ||||
|
Unrealized Depreciation on Forward Foreign Currency Contracts |
|
— |
|
(13,104 |
) |
— |
|
(13,104 |
) | ||||
|
Total |
|
$ |
1,082,507 |
|
$ |
5,150,780 |
|
$ |
47,917 |
|
$ |
6,281,204 |
|
The Fund’s assets assigned to the Level 2 input category are generally valued using a market approach, in which a security’s value is determined through its correlation to prices and information from observable market transactions for similar or identical assets. Foreign equities are generally valued at the last sales price on the foreign exchange or market on which they trade. The Fund may use a systematic fair valuation model provided by an independent third party to value securities principally traded in foreign markets in order to adjust for possible stale pricing that may occur between the close of the foreign exchanges and the time for valuation. These models take into account available market data including intraday index, ADR, and ETF movements. Forward foreign currency exchange contracts are valued at the prevailing forward exchange rate of the underlying currencies. Securities acquired via private placement that have a holding period or an extended settlement period are valued at a discount to the same shares that are trading freely on the market. These discounts are determined by the adviser’s experience with similar securities or situations. Factors may include, but are not limited to, trade volume, shares outstanding and stock price.
Certain short-term obligations may be valued using amortized cost, an income approach which converts future cash flows to a present value based upon the discount or premium at purchase.
The Fund’s assets assigned to the Level 3 input category are valued at fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees. To determine fair value, management will utilize the valuation technique that they deem the most appropriate in the circumstances. Securities for which no market exists are valued based upon a market approach using some unobservable inputs which may include, but are not limited to, projected earnings, available cash, line of business, multiples, and consideration of the prioritization of the equity in a company’s capital structure. Securities acquired via private placement that are not yet trading are valued using a market approach for which management has determined that the original transaction price is the best representation of fair value. The original cost may be adjusted for the market movement in an index, ETF or similar security during the period it does not trade.
The following table shows transfers between Level 1 and Level 2 of the fair value hierarchy.
|
Transfers In |
|
Transfers Out |
| ||||||||
|
Level 1 |
|
Level 2 |
|
Level 1 |
|
Level 2 |
| ||||
|
$ |
263,663 |
|
$ |
— |
|
$ |
— |
|
$ |
263,663 |
|
Financial assets were transferred from Level 2 to Level 1 as they resumed trading during the period.
> Notes to Statements of Investments (dollar values in thousands)
The following table shows transfers between Level 2 and Level 3 of the fair value hierarchy.
|
Transfers In |
|
Transfers Out |
| ||||||||
|
Level 2 |
|
Level 3 |
|
Level 2 |
|
Level 3 |
| ||||
|
$ |
— |
|
$ |
38,269 |
|
$ |
38,269 |
|
$ |
— |
|
Financial assets were transferred from Level 2 to Level 3 as trading was halted during the period.
The following table reconciles asset balances for the three months ending March 31, 2011, in which significant unobservable inputs (Level 3) were used in determining value:
|
Investments in Securities |
|
Balance |
|
Realized |
|
Change in |
|
Purchases |
|
Sales |
|
Transfers |
|
Transfers |
|
Balance |
| ||||||||
|
Equities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Asia |
|
$ |
79 |
|
$ |
(38,558 |
) |
$ |
38,112 |
|
$ |
— |
|
$ |
— |
|
$ |
32,259 |
|
$ |
— |
|
$ |
31,892 |
|
|
Other Countries |
|
— |
|
(942 |
) |
(1,872 |
) |
— |
|
(2,171 |
) |
6,010 |
|
|
|
1,025 |
| ||||||||
|
Latin America |
|
15,000 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
15,000 |
| ||||||||
|
|
|
$ |
15,079 |
|
$ |
(39,500 |
) |
$ |
36,240 |
|
$ |
— |
|
$ |
(2,171 |
) |
$ |
38,269 |
|
$ |
— |
|
$ |
47,917 |
|
The information in the above reconciliation table represents fiscal year to date activity for any securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period.
The change in unrealized appreciation attributed to securities owned at March 31, 2011, which were valued using significant unobservable inputs (Level 3) amounted to $36,240.
(a) An affiliated person of the Fund may include any company in which the Fund owns five percent or more of its outstanding voting shares. Holdings and transactions in these affiliated companies during the three months ended March 31, 2011, are as follows:
|
Affiliates |
|
Balance of |
|
Purchases/ |
|
Sales/ |
|
Balance of |
|
Value |
|
Dividend |
| ||
|
DeeThree Exploration |
|
2,392,877 |
|
1,346,000 |
|
— |
|
3,738,877 |
|
$ |
15,241 |
|
$ |
— |
|
|
Gulf United |
|
— |
|
20,718,000 |
|
— |
|
20,718,000 |
|
7,044 |
|
— |
| ||
|
Southern ARC Minerals |
|
— |
|
5,737,500 |
|
— |
|
5,737,500 |
|
7,604 |
|
— |
| ||
|
Unit 4 Aggresso |
|
1,476,800 |
|
— |
|
— |
|
1,476,800 |
|
50,230 |
|
— |
| ||
|
United Drug* |
|
12,110,000 |
|
— |
|
— |
|
12,110,000 |
|
39,474 |
|
— |
| ||
|
Workspace Group |
|
60,304,000 |
|
— |
|
— |
|
60,304,000 |
|
26,362 |
|
— |
| ||
|
Total of Affiliated Transactions |
|
76,283,677 |
|
27,801,500 |
|
— |
|
104,085,177 |
|
$ |
145,955 |
|
$ |
— |
|
* At March 31, 2011, the Fund owned less than five percent of the company’s outstanding voting shares.
The aggregate cost and value of these affiliated companies at March 31, 2011, was $74,193 and $106,481, respectively. Investments in affiliated companies represented 1.7% of total net assets at March 31, 2011.
(b) Non-income producing security.
(c) All or a portion of this security was on loan at March 31, 2011. The total market value of Fund securities on loan at March 31, 2011 was $7,302.
(d) Denotes a restricted security, which is subject to restrictions on resale under federal securities laws. These securities are valued at a fair value determined in good faith under consistently applied procedures established by the Board of Trustees. At March 31, 2011, the market value of these securities amounted to $101,412, which represented 1.60% of total net assets.
Columbia Acorn International
Statement of Investments (Unaudited), continued
> Notes to Statements of Investments (dollar values in thousands)
Additional information on these securities is as follows:
|
Security |
|
Acquisition |
|
Shares |
|
Cost |
|
Value |
| ||
|
Mail.ru - GDR |
|
11/05/10-12/31/10 |
|
764,506 |
|
$ |
26,088 |
|
$ |
22,897 |
|
|
Tahoe Resources |
|
5/28/10 |
|
872,700 |
|
4,984 |
|
17,290 |
| ||
|
Union Agriculture Group |
|
12/08/10 |
|
6,818,182 |
|
15,000 |
|
15,000 |
| ||
|
DeeThree Exploration |
|
9/07/10-3/08/11 |
|
2,696,000 |
|
9,486 |
|
10,831 |
| ||
|
Southern Arc Minerals |
|
2/16/11 |
|
5,737,500 |
|
9,308 |
|
7,604 |
| ||
|
Gulf United |
|
2/11/11 |
|
20,718,000 |
|
6,215 |
|
7,044 |
| ||
|
Eacom Timber |
|
3/17/10 |
|
12,500,000 |
|
6,188 |
|
6,570 |
| ||
|
Madalena Ventures |
|
10/21/10 |
|
5,400,000 |
|
3,422 |
|
4,913 |
| ||
|
Sterling Resources |
|
12/02/10 |
|
1,050,500 |
|
3,135 |
|
4,619 |
| ||
|
Petromanas |
|
5/20/10 |
|
12,500,000 |
|
4,344 |
|
4,233 |
| ||
|
Petromanas - Warrants |
|
5/20/10 |
|
6,250,000 |
|
362 |
|
411 |
| ||
|
|
|
|
|
|
|
$ |
88,532 |
|
$ |
101,412 |
|
(e) Security is traded on a U.S. exchange.
(f) Illiquid security.
(g) Investment made with cash collateral received from securities lending activity.
(h) At March 31, 2011, for federal income tax purposes, the cost of investments was $4,414,374 and net unrealized apppreciation was $1,873,431, consisting of gross unrealized appreciation of $2,061,543 and gross unrealized depreciation of $188,112.
(i) On March 31, 2011, the Fund’s total investments were denominated in currencies as follows:
|
Currency |
|
Value |
|
Percentage of |
| |
|
Euro |
|
$ |
1,355,960 |
|
21.4 |
|
|
Japanese Yen |
|
995,627 |
|
15.7 |
| |
|
U.S. Dollar |
|
849,023 |
|
13.4 |
| |
|
British Pound |
|
453,664 |
|
7.2 |
| |
|
Hong Kong Dollar |
|
390,237 |
|
6.2 |
| |
|
Canadian Dollar |
|
353,081 |
|
5.6 |
| |
|
Other currencies less than 5% of total net assets |
|
1,890,213 |
|
29.7 |
| |
|
|
|
$ |
6,287,805 |
|
99.2 |
|
At March 31, 2011, the Fund had entered into the following forward foreign currency exchange contracts:
|
Forward Foreign Currency |
|
Forward Foreign Currency |
|
Principal Amount in |
|
Principal |
|
Settlement Date |
|
Unrealized |
| ||
|
AUD |
|
USD |
|
37,496 |
|
$ |
37,000 |
|
4/15/11 |
|
$ |
1,732 |
|
|
AUD |
|
USD |
|
1,005 |
|
1,000 |
|
4/15/11 |
|
38 |
| ||
|
AUD |
|
USD |
|
3,983 |
|
4,000 |
|
4/15/11 |
|
114 |
| ||
|
AUD |
|
USD |
|
38,311 |
|
38,000 |
|
5/13/11 |
|
1,436 |
| ||
|
AUD |
|
USD |
|
3,997 |
|
4,000 |
|
5/13/11 |
|
114 |
| ||
|
AUD |
|
USD |
|
42,140 |
|
42,000 |
|
6/15/11 |
|
1,201 |
| ||
|
CAD |
|
USD |
|
35,667 |
|
36,000 |
|
4/15/11 |
|
778 |
| ||
|
CAD |
|
USD |
|
2,968 |
|
3,000 |
|
4/15/11 |
|
61 |
| ||
|
CAD |
|
USD |
|
975 |
|
1,000 |
|
4/15/11 |
|
5 |
| ||
|
CAD |
|
USD |
|
38,610 |
|
39,000 |
|
5/13/11 |
|
788 |
| ||
|
CAD |
|
USD |
|
976 |
|
1,000 |
|
5/13/11 |
|
5 |
| ||
|
CAD |
|
USD |
|
39,049 |
|
40,000 |
|
6/15/11 |
|
211 |
| ||
|
JPY |
|
USD |
|
166,522 |
|
2,000 |
|
4/15/11 |
|
2 |
| ||
|
JPY |
|
USD |
|
1,581,560 |
|
19,000 |
|
5/13/11 |
|
18 |
| ||
|
|
|
|
|
|
|
$ |
267,000 |
|
|
|
$ |
6,503 |
|
> Notes to Statements of Investments (dollar values in thousands)
|
Forward Foreign Currency |
|
Forward Foreign Currency |
|
Principal Amount in |
|
Principal |
|
Settlement Date |
|
Unrealized |
| ||
|
USD |
|
EUR |
|
67,502 |
|
$ |
90,000 |
|
4/15/11 |
|
$ |
(5,644 |
) |
|
USD |
|
EUR |
|
4,457 |
|
6,000 |
|
4/15/11 |
|
(315 |
) | ||
|
USD |
|
EUR |
|
3,583 |
|
5,000 |
|
4/15/11 |
|
(77 |
) | ||
|
USD |
|
EUR |
|
71,342 |
|
96,000 |
|
5/13/11 |
|
(5,032 |
) | ||
|
USD |
|
EUR |
|
3,585 |
|
5,000 |
|
5/13/11 |
|
(76 |
) | ||
|
USD |
|
EUR |
|
72,451 |
|
101,000 |
|
6/15/11 |
|
(1,535 |
) | ||
|
JPY |
|
USD |
|
1,405,509 |
|
17,000 |
|
4/15/11 |
|
(102 |
) | ||
|
JPY |
|
USD |
|
1,552,870 |
|
19,000 |
|
6/15/11 |
|
(323 |
) | ||
|
|
|
|
|
|
|
$ |
339,000 |
|
|
|
$ |
(13,104 |
) |
The counterparty for all forward foreign currency exchange contracts is State Street Bank and Trust Company.
AUD = Australian Dollar
CAD = Canadian Dollar
EUR = Euro
JPY = Japanese Yen
USD = United States Dollar
Columbia Acorn USA
Statement of Investments (Unaudited), March 31, 2011
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
Equities: 99.2% |
|
|
| |||
|
Information 34.2% |
|
|
| |||
|
|
|
> Business Software 9.2% |
|
|
| |
|
985,000 |
|
Informatica (a) |
|
$ |
51,447 |
|
|
|
|
Enterprise Data Integration Software |
|
|
| |
|
698,000 |
|
Micros Systems (a) |
|
34,502 |
| |
|
|
|
Information Systems for Hotels, Restaurants & Retailers |
|
|
| |
|
375,000 |
|
ANSYS (a) |
|
20,321 |
| |
|
|
|
Simulation Software for Engineers & Designers |
|
|
| |
|
408,000 |
|
Ariba (a) |
|
13,929 |
| |
|
|
|
Cost Management Software |
|
|
| |
|
243,000 |
|
Concur Technologies (a) |
|
13,474 |
| |
|
|
|
Web Enabled Cost & Expense Management Software |
|
|
| |
|
333,000 |
|
Blackbaud |
|
9,071 |
| |
|
|
|
Software & Services for Non-profits |
|
|
| |
|
247,000 |
|
Blackboard (a) |
|
8,951 |
| |
|
|
|
Education Software |
|
|
| |
|
194,400 |
|
Constant Contact (a) |
|
6,785 |
| |
|
|
|
E-mail & Other Marketing Campaign Management Systems Delivered Over the Web |
|
|
| |
|
220,000 |
|
Advent Software (a) |
|
6,308 |
| |
|
|
|
Asset Management & Trading Systems |
|
|
| |
|
322,000 |
|
SPS Commerce (a) |
|
4,994 |
| |
|
|
|
Supply Chain Management Software Delivered via the Web |
|
|
| |
|
52,000 |
|
Quality Systems |
|
4,334 |
| |
|
|
|
IT Systems for Medical Groups & Ambulatory Care Centers |
|
|
| |
|
129,000 |
|
NetSuite (a) |
|
3,751 |
| |
|
|
|
End to End IT Systems Solutions Delivered Over the Web |
|
|
| |
|
|
|
|
|
177,867 |
| |
|
|
|
> Semiconductors & Related Equipment 4.7% |
|
|
| |
|
1,958,000 |
|
Atmel (a) |
|
26,688 |
| |
|
|
|
Microcontrollers, Radio Frequency & Memory Semiconductors |
|
|
| |
|
760,000 |
|
Microsemi (a) |
|
15,740 |
| |
|
|
|
Analog/Mixed-signal Semiconductors |
|
|
| |
|
1,075,000 |
|
TriQuint Semiconductor (a) |
|
13,878 |
| |
|
|
|
RF Semiconductors |
|
|
| |
|
1,061,750 |
|
ON Semiconductor (a) |
|
10,479 |
| |
|
|
|
Mixed-signal & Power Management Semiconductors |
|
|
| |
|
675,000 |
|
Entegris (a) |
|
5,920 |
| |
|
|
|
Semiconductor Materials Management Products |
|
|
| |
|
346,000 |
|
Monolithic Power Systems (a) |
|
4,910 |
| |
|
|
|
High Performance Analog & Mixed-signal Integrated Circuits (ICs) |
|
|
| |
|
448,000 |
|
Applied Micro Circuits (a) |
|
4,650 |
| |
|
|
|
Communications Semiconductors |
|
|
| |
|
430,000 |
|
Pericom Semiconductor (a) |
|
4,459 |
| |
|
|
|
Interface Integrated Circuits (ICs) & Frequency Control Products |
|
|
| |
|
177,266 |
|
Supertex (a) |
|
3,949 |
| |
|
|
|
Analog/Mixed-signal Semiconductors |
|
|
| |
|
|
|
|
|
90,673 |
| |
|
|
|
> Instrumentation 4.3% |
|
|
| |
|
678,000 |
|
IPG Photonics (a) |
|
|
39,107 |
|
|
|
|
Fiber Lasers |
|
|
| |
|
180,000 |
|
Mettler Toledo (a) |
|
30,960 |
| |
|
|
|
Laboratory Equipment |
|
|
| |
|
168,000 |
|
Trimble Navigation (a) |
|
8,491 |
| |
|
|
|
GPS-based Instruments |
|
|
| |
|
130,000 |
|
FLIR Systems |
|
4,499 |
| |
|
|
|
Infrared Cameras |
|
|
| |
|
|
|
|
|
83,057 |
| |
|
|
|
> Computer Hardware & Related Equipment 3.6% |
|
|
| |
|
619,000 |
|
II-VI (a) |
|
30,795 |
| |
|
|
|
Laser Optics & Specialty Materials |
|
|
| |
|
324,000 |
|
Zebra Technologies (a) |
|
12,714 |
| |
|
|
|
Bar Code Printers |
|
|
| |
|
196,000 |
|
Amphenol |
|
10,661 |
| |
|
|
|
Electronic Connectors |
|
|
| |
|
280,000 |
|
Nice Systems - ADR (Israel) (a) |
|
10,343 |
| |
|
|
|
Audio & Video Recording Solutions |
|
|
| |
|
196,000 |
|
Netgear (a) |
|
6,358 |
| |
|
|
|
Networking Products for Small Business & Home |
|
|
| |
|
|
|
|
|
70,871 |
| |
|
|
|
> Telecommunications Equipment 3.3% |
|
|
| |
|
386,000 |
|
Polycom (a) |
|
20,014 |
| |
|
|
|
Video Conferencing Equipment |
|
|
| |
|
732,000 |
|
Finisar (a) |
|
18,007 |
| |
|
|
|
Optical Sub-systems & Components |
|
|
| |
|
903,000 |
|
Ixia (a) |
|
14,340 |
| |
|
|
|
Telecom Network Test Equipment |
|
|
| |
|
752,000 |
|
Infinera (a) |
|
6,309 |
| |
|
|
|
Optical Networking Equipment |
|
|
| |
|
197,000 |
|
Blue Coat Systems (a) |
|
5,548 |
| |
|
|
|
WAN Acceleration & Network Security |
|
|
| |
|
|
|
|
|
64,218 |
| |
|
|
|
> Telephone and Data Services 2.5% |
|
|
| |
|
1,617,000 |
|
tw telecom (a) |
|
31,047 |
| |
|
|
|
Fiber Optic Telephone/Data Services |
|
|
| |
|
177,000 |
|
AboveNet |
|
11,480 |
| |
|
|
|
Metropolitan Fiber Communications Services |
|
|
| |
|
2,030,000 |
|
PAETEC Holding (a) |
|
6,780 |
| |
|
|
|
Telephone/Data Services for Business |
|
|
| |
|
|
|
|
|
49,307 |
| |
|
|
|
> Gaming Equipment & Services 1.7% |
|
|
| |
|
660,000 |
|
Bally Technologies (a) |
|
24,981 |
| |
|
|
|
Slot Machines & Software |
|
|
| |
|
235,000 |
|
WMS Industries (a) |
|
8,307 |
| |
|
|
|
Slot Machine Provider |
|
|
| |
|
|
|
|
|
33,288 |
| |
|
|
|
> Mobile Communications 1.7% |
|
|
| |
|
650,000 |
|
SBA Communications (a) |
|
25,792 |
| |
|
|
|
Communications Towers |
|
|
| |
|
150,000 |
|
Crown Castle International (a) |
|
6,382 |
| |
|
|
|
Communications Towers |
|
|
| |
|
88,000 |
|
Globalstar (a) |
|
112 |
| |
|
|
|
Satellite Mobile Voice & Data Carrier |
|
|
| |
|
|
|
|
|
32,286 |
| |
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
> Computer Services 1.4% |
|
|
| |
|
428,000 |
|
ExlService Holdings (a) |
|
$ |
9,052 |
|
|
|
|
BPO (Business Process Outsourcing) |
|
|
| |
|
261,000 |
|
SRA International (a) |
|
7,402 |
| |
|
|
|
Government IT Services |
|
|
| |
|
1,005,500 |
|
Hackett Group (a) |
|
3,861 |
| |
|
|
|
IT Integration & Best Practice Research |
|
|
| |
|
710,000 |
|
RCM Technologies (a)(b) |
|
3,614 |
| |
|
|
|
Technology & Engineering Services |
|
|
| |
|
172,000 |
|
Acxiom (a) |
|
2,468 |
| |
|
|
|
Database Marketing Services |
|
|
| |
|
|
|
|
|
26,397 |
| |
|
|
|
> Financial Processors 0.5% |
|
|
| |
|
188,000 |
|
Global Payments |
|
9,197 |
| |
|
|
|
Credit Card Processor |
|
|
| |
|
|
|
|
|
9,197 |
| |
|
|
|
> Contract Manufacturing 0.5% |
|
|
| |
|
261,000 |
|
Plexus (a) |
|
9,151 |
| |
|
|
|
Electronic Manufacturing Services |
|
|
| |
|
|
|
|
|
9,151 |
| |
|
|
|
> Internet Related 0.3% |
|
|
| |
|
44,000 |
|
Equinix (a) |
|
4,009 |
| |
|
|
|
Network Neutral Data Centers |
|
|
| |
|
343,000 |
|
TheStreet.com |
|
1,149 |
| |
|
|
|
Financial Information Websites |
|
|
| |
|
|
|
|
|
5,158 |
| |
|
|
|
> Entertainment Programming 0.2% |
|
|
| |
|
145,000 |
|
IMAX (Canada) (a) |
|
4,637 |
| |
|
|
|
IMAX Movies, Theatre Equipment & Theatre Joint Ventures |
|
|
| |
|
|
|
|
|
4,637 |
| |
|
|
|
> Radio 0.2% |
|
|
| |
|
511,100 |
|
Salem Communications |
|
1,917 |
| |
|
|
|
Radio Stations for Religious Programming |
|
|
| |
|
705,500 |
|
Spanish Broadcasting System (a) |
|
670 |
| |
|
|
|
Spanish Language Radio Stations |
|
|
| |
|
18,750 |
|
Saga Communications (a) |
|
652 |
| |
|
|
|
Radio Stations in Small & Mid-sized Cities |
|
|
| |
|
|
|
|
|
3,239 |
| |
|
|
|
> TV Broadcasting 0.1% |
|
|
| |
|
975,000 |
|
Entravision Communications (a) |
|
2,642 |
| |
|
|
|
Spanish Language TV & Radio Stations |
|
|
| |
|
|
|
|
|
2,642 |
| |
|
Information: Total |
|
661,988 |
| |||
|
Consumer Goods & Services 16.8% |
|
|
| |||
|
|
|
> Retail 5.7% |
|
|
| |
|
390,000 |
|
lululemon athletica (a) |
|
34,729 |
| |
|
|
|
Premium Active Apparel Retailer |
|
|
| |
|
468,500 |
|
Abercrombie & Fitch |
|
27,501 |
| |
|
|
|
Teen Apparel Retailer |
|
|
| |
|
254,000 |
|
Shutterfly (a) |
|
13,299 |
| |
|
|
|
Internet Photo-centric Retailer |
|
|
| |
|
875,000 |
|
Saks (a) |
|
9,896 |
| |
|
|
|
Luxury Department Store Retailer |
|
|
| |
|
614,000 |
|
Chico’s FAS |
|
9,149 |
| |
|
|
|
Women’s Specialty Retailer |
|
|
| |
|
805,000 |
|
Pier 1 Imports (a) |
|
|
8,171 |
|
|
|
|
Home Furnishing Retailer |
|
|
| |
|
480,000 |
|
Talbots (a)(c) |
|
2,899 |
| |
|
|
|
Women’s Specialty Retailer |
|
|
| |
|
620,000 |
|
Wet Seal (a) |
|
2,654 |
| |
|
|
|
Specialty Apparel Retailer |
|
|
| |
|
104,508 |
|
Express |
|
2,042 |
| |
|
|
|
Dual Gender Fashion Retailer |
|
|
| |
|
9,000 |
|
The Fresh Market (a) |
|
340 |
| |
|
|
|
Specialty Food Retailer |
|
|
| |
|
|
|
|
|
110,680 |
| |
|
|
|
> Travel 3.6% |
|
|
| |
|
849,700 |
|
Gaylord Entertainment (a) |
|
29,468 |
| |
|
|
|
Convention Hotels |
|
|
| |
|
1,175,950 |
|
Avis Budget Group (a) |
|
21,061 |
| |
|
|
|
Second Largest Car Rental Company |
|
|
| |
|
750,000 |
|
Hertz (a) |
|
11,722 |
| |
|
|
|
Largest U.S. Rental Car Operator |
|
|
| |
|
150,000 |
|
Vail Resorts (a) |
|
7,314 |
| |
|
|
|
Ski Resort Operator & Developer |
|
|
| |
|
|
|
|
|
69,565 |
| |
|
|
|
> Furniture & Textiles 1.9% |
|
|
| |
|
980,000 |
|
Knoll |
|
20,541 |
| |
|
|
|
Office Furniture |
|
|
| |
|
540,000 |
|
Interface |
|
9,985 |
| |
|
|
|
Modular & Broadloom Carpet |
|
|
| |
|
260,000 |
|
Herman Miller |
|
7,147 |
| |
|
|
|
Office Furniture |
|
|
| |
|
|
|
|
|
37,673 |
| |
|
|
|
> Apparel 1.3% |
|
|
| |
|
192,000 |
|
Warnaco Group (a) |
|
10,980 |
| |
|
|
|
Global Branded Apparel Manufacturer |
|
|
| |
|
90,000 |
|
Deckers Outdoor (a) |
|
7,754 |
| |
|
|
|
Fashion Footwear Wholesaler |
|
|
| |
|
241,530 |
|
True Religion Apparel (a) |
|
5,669 |
| |
|
|
|
Premium Denim |
|
|
| |
|
|
|
|
|
24,403 |
| |
|
|
|
> Casinos & Gaming 1.0% |
|
|
| |
|
270,000 |
|
Penn National Gaming (a) |
|
10,006 |
| |
|
|
|
Regional Casino Operator |
|
|
| |
|
645,000 |
|
Pinnacle Entertainment (a) |
|
8,785 |
| |
|
|
|
Regional Casino Operator |
|
|
| |
|
|
|
|
|
18,791 |
| |
|
|
|
> Educational Services 0.7% |
|
|
| |
|
153,700 |
|
ITT Educational Services (a) |
|
11,090 |
| |
|
|
|
Post-secondary Degree Services |
|
|
| |
|
165,000 |
|
Universal Technical Institute |
|
3,209 |
| |
|
|
|
Vocational Training |
|
|
| |
|
|
|
|
|
14,299 |
| |
|
|
|
> Other Durable Goods 0.6% |
|
|
| |
|
161,000 |
|
Cavco Industries (a) |
|
7,270 |
| |
|
|
|
Manufactured Homes |
|
|
| |
|
140,000 |
|
Jarden |
|
4,980 |
| |
|
|
|
Branded Household Products |
|
|
| |
|
|
|
|
|
12,250 |
| |
Columbia Acorn USA
Statement of Investments (Unaudited), continued
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
> Consumer Goods Distribution 0.6% |
|
|
| |
|
472,000 |
|
Pool |
|
$ |
11,380 |
|
|
|
|
Distributor of Swimming Pool Supplies & Equipment |
|
|
| |
|
|
|
|
|
11,380 |
| |
|
|
|
> Food & Beverage 0.6% |
|
|
| |
|
197,000 |
|
Diamond Foods |
|
10,993 |
| |
|
|
|
Culinary Ingredients & Snack Foods |
|
|
| |
|
|
|
|
|
10,993 |
| |
|
|
|
> Other Consumer Services 0.5% |
|
|
| |
|
259,000 |
|
Lifetime Fitness (a) |
|
9,663 |
| |
|
|
|
Sport & Fitness Club Operator |
|
|
| |
|
|
|
|
|
9,663 |
| |
|
|
|
> Leisure Products 0.3% |
|
|
| |
|
162,000 |
|
Thor Industries |
|
5,406 |
| |
|
|
|
RV & Bus Manufacturer |
|
|
| |
|
|
|
|
|
5,406 |
| |
|
|
|
> Restaurants —% |
|
|
| |
|
26,600 |
|
Bravo Brio Restaurant Group (a) |
|
470 |
| |
|
|
|
Upscale Casual Italian Restaurants |
|
|
| |
|
|
|
|
|
470 |
| |
|
Consumer Goods & Services: Total |
|
325,573 |
| |||
|
Industrial Goods & Services 14.8% |
|
|
| |||
|
|
|
> Machinery 11.3% |
|
|
| |
|
373,600 |
|
Nordson |
|
42,986 |
| |
|
|
|
Dispensing Systems for Adhesives & Coatings |
|
|
| |
|
941,250 |
|
Ametek |
|
41,293 |
| |
|
|
|
Aerospace/Industrial Instruments |
|
|
| |
|
735,000 |
|
ESCO Technologies |
|
28,040 |
| |
|
|
|
Automatic Electric Meter Readers |
|
|
| |
|
445,000 |
|
Donaldson |
|
27,274 |
| |
|
|
|
Industrial Air Filtration |
|
|
| |
|
585,000 |
|
Pentair |
|
22,107 |
| |
|
|
|
Pumps & Water Treatment |
|
|
| |
|
403,732 |
|
HEICO |
|
18,160 |
| |
|
|
|
FAA Approved Aircraft Replacement Parts |
|
|
| |
|
280,000 |
|
MOOG (a) |
|
12,855 |
| |
|
|
|
Motion Control Products for Aerospace, Defense & Industrial Markets |
|
|
| |
|
177,000 |
|
Kennametal |
|
6,903 |
| |
|
|
|
Consumable Cutting Tools |
|
|
| |
|
111,000 |
|
WABCO Holdings (a) |
|
6,842 |
| |
|
|
|
Truck & Bus Component Supplier |
|
|
| |
|
162,000 |
|
Oshkosh (a) |
|
5,732 |
| |
|
|
|
Specialty Truck Manufacturer |
|
|
| |
|
71,800 |
|
Toro |
|
4,755 |
| |
|
|
|
Turf Maintenance Equipment |
|
|
| |
|
50,000 |
|
Kaydon |
|
1,959 |
| |
|
|
|
Specialized Friction & Motion Control Products |
|
|
| |
|
|
|
|
|
218,906 |
| |
|
|
|
> Electrical Components 0.9% |
|
|
| |
|
280,000 |
|
Acuity Brands |
|
16,377 |
| |
|
|
|
Commercial Lighting Fixtures |
|
|
| |
|
|
|
|
|
16,377 |
| |
|
|
|
> Industrial Materials & Specialty Chemicals 0.7% |
|
|
| |
|
326,000 |
|
Drew Industries |
|
|
7,280 |
|
|
|
|
RV & Manufactured Home Components |
|
|
| |
|
135,000 |
|
Albany International |
|
3,361 |
| |
|
|
|
Paper Machine Clothing & Advanced Textiles |
|
|
| |
|
54,000 |
|
Albemarle |
|
3,228 |
| |
|
|
|
Refinery Catalysts & Other Specialty Chemicals |
|
|
| |
|
|
|
|
|
13,869 |
| |
|
|
|
> Other Industrial Services 0.6% |
|
|
| |
|
265,000 |
|
TrueBlue (a) |
|
4,449 |
| |
|
|
|
Temporary Manual Labor |
|
|
| |
|
396,000 |
|
American Reprographics (a) |
|
4,099 |
| |
|
|
|
Document Management & Logistics |
|
|
| |
|
109,000 |
|
Forward Air |
|
3,339 |
| |
|
|
|
Freight Transportation Between Airports |
|
|
| |
|
|
|
|
|
11,887 |
| |
|
|
|
> Steel 0.5% |
|
|
| |
|
486,000 |
|
GrafTech International (a) |
|
10,026 |
| |
|
|
|
Industrial Graphite Materials Producer |
|
|
| |
|
|
|
|
|
10,026 |
| |
|
|
|
> Industrial Distribution 0.4% |
|
|
| |
|
350,000 |
|
Interline Brands (a) |
|
7,140 |
| |
|
|
|
Industrial Distribution |
|
|
| |
|
|
|
|
|
7,140 |
| |
|
|
|
> Waste Management 0.3% |
|
|
| |
|
195,000 |
|
Waste Connections |
|
5,614 |
| |
|
|
|
Solid Waste Management |
|
|
| |
|
|
|
|
|
5,614 |
| |
|
|
|
> Water 0.1% |
|
|
| |
|
550,000 |
|
Mueller Water Products |
|
2,464 |
| |
|
|
|
Fire Hydrants, Valves & Ductile Iron Pipes |
|
|
| |
|
|
|
|
|
2,464 |
| |
|
Industrial Goods & Services: Total |
|
286,283 |
| |||
|
Finance 10.8% |
|
|
| |||
|
|
|
> Banks 5.1% |
|
|
| |
|
981,941 |
|
Valley National Bancorp |
|
13,708 |
| |
|
|
|
New Jersey/New York Bank |
|
|
| |
|
659,800 |
|
TCF Financial |
|
10,464 |
| |
|
|
|
Great Lakes Bank |
|
|
| |
|
692,400 |
|
Associated Banc-Corp |
|
10,282 |
| |
|
|
|
Midwest Bank |
|
|
| |
|
480,000 |
|
MB Financial |
|
10,061 |
| |
|
|
|
Chicago Bank |
|
|
| |
|
431,597 |
|
Lakeland Financial |
|
9,789 |
| |
|
|
|
Indiana Bank |
|
|
| |
|
170,000 |
|
SVB Financial Group (a) |
|
9,678 |
| |
|
|
|
Bank to Venture Capitalists |
|
|
| |
|
571,000 |
|
Whitney Holding |
|
7,777 |
| |
|
|
|
Gulf Coast Bank |
|
|
| |
|
1,478,200 |
|
First Busey |
|
7,509 |
| |
|
|
|
Illinois Bank |
|
|
| |
|
527,700 |
|
Pacific Continental |
|
5,377 |
| |
|
|
|
Pacific Northwest Bank |
|
|
| |
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
> Banks—continued |
|
|
| |
|
269,600 |
|
Eagle Bancorp (a) |
|
$ |
3,788 |
|
|
|
|
Metro D.C. Bank |
|
|
| |
|
178,826 |
|
Sandy Spring Bancorp |
|
3,301 |
| |
|
|
|
Baltimore/D.C. Bank |
|
|
| |
|
210,000 |
|
CVB Financial |
|
1,955 |
| |
|
|
|
Inland Empire Business Bank |
|
|
| |
|
90,000 |
|
TriCo Bancshares |
|
1,468 |
| |
|
|
|
California Central Valley Bank |
|
|
| |
|
40,000 |
|
Hancock Holding |
|
1,314 |
| |
|
|
|
Gulf Coast Bank |
|
|
| |
|
245,000 |
|
Wilmington Trust |
|
1,107 |
| |
|
|
|
Delaware Trust Bank |
|
|
| |
|
851,247 |
|
Guaranty Bancorp (a) |
|
1,098 |
| |
|
|
|
Colorado Bank |
|
|
| |
|
247,500 |
|
Green Bankshares (a)(c) |
|
691 |
| |
|
|
|
Tennessee Bank |
|
|
| |
|
|
|
|
|
99,367 |
| |
|
|
|
> Finance Companies 3.8% |
|
|
| |
|
345,000 |
|
World Acceptance (a) |
|
22,494 |
| |
|
|
|
Personal Loans |
|
|
| |
|
285,000 |
|
Textainer Group Holdings |
|
10,591 |
| |
|
|
|
Top International Container Leasor |
|
|
| |
|
412,500 |
|
Aaron Rents |
|
10,461 |
| |
|
|
|
Rent to Own |
|
|
| |
|
240,000 |
|
GATX |
|
9,278 |
| |
|
|
|
Rail Car Lessor |
|
|
| |
|
335,418 |
|
McGrath Rentcorp |
|
9,147 |
| |
|
|
|
Temporary Space & IT Rentals |
|
|
| |
|
230,000 |
|
CAI International (a) |
|
5,948 |
| |
|
|
|
International Container Leasing |
|
|
| |
|
201,000 |
|
H&E Equipment Services (a) |
|
3,921 |
| |
|
|
|
Heavy Equipment Leasing |
|
|
| |
|
99,200 |
|
Marlin Business Services (a) |
|
1,224 |
| |
|
|
|
Small Equipment Leasing |
|
|
| |
|
|
|
|
|
73,064 |
| |
|
|
|
> Savings & Loans 0.8% |
|
|
| |
|
756,000 |
|
ViewPoint Financial |
|
9,828 |
| |
|
|
|
Texas Thrift |
|
|
| |
|
215,000 |
|
Berkshire Hills Bancorp |
|
4,483 |
| |
|
|
|
Northeast Thrift |
|
|
| |
|
173,073 |
|
Kaiser Federal Financial Group |
|
2,129 |
| |
|
|
|
Los Angeles Savings & Loan |
|
|
| |
|
|
|
|
|
16,440 |
| |
|
|
|
> Brokerage & Money Management 0.8% |
|
|
| |
|
209,500 |
|
Eaton Vance |
|
6,754 |
| |
|
|
|
Specialty Mutual Funds |
|
|
| |
|
675,000 |
|
MF Global (a) |
|
5,589 |
| |
|
|
|
Futures Broker |
|
|
| |
|
139,400 |
|
Investment Technology Group (a) |
|
2,536 |
| |
|
|
|
Electronic Trading |
|
|
| |
|
|
|
|
|
14,879 |
| |
|
|
|
> Insurance 0.3% |
|
|
| |
|
222,000 |
|
Tower Group |
|
5,335 |
| |
|
|
|
Commercial & Personal Lines Insurance |
|
|
| |
|
|
|
|
|
5,335 |
| |
|
Finance: Total |
|
209,085 |
| |||
|
Energy & Minerals 8.5% |
|
|
| |||
|
|
|
> Oil Services 4.9% |
|
|
| |
|
500,000 |
|
FMC Technologies (a) |
|
|
47,240 |
|
|
|
|
Oil & Gas Wellhead Manufacturer |
|
|
| |
|
845,000 |
|
Atwood Oceanics (a) |
|
39,233 |
| |
|
|
|
Offshore Drilling Contractor |
|
|
| |
|
86,000 |
|
Bristow (a) |
|
4,068 |
| |
|
|
|
Largest Provider of Helicopter Services to Offshore Oil & Gas Producers |
|
|
| |
|
101,000 |
|
Hornbeck Offshore (a) |
|
3,116 |
| |
|
|
|
Supply Vessel Operator in U.S. Gulf of Mexico |
|
|
| |
|
53,000 |
|
Tesco (a) |
|
1,163 |
| |
|
|
|
Developing New Well Drilling Technologies |
|
|
| |
|
|
|
|
|
94,820 |
| |
|
|
|
> Oil & Gas Producers 2.8% |
|
|
| |
|
1,135,000 |
|
Quicksilver Resources (a) |
|
16,242 |
| |
|
|
|
Natural Gas & Coal Steam Gas Producer |
|
|
| |
|
133,000 |
|
SM Energy |
|
9,867 |
| |
|
|
|
Oil & Gas Producer |
|
|
| |
|
143,000 |
|
Rosetta Resources (a) |
|
6,798 |
| |
|
|
|
Oil & Gas Producer Exploring in South Texas & Montana |
|
|
| |
|
230,000 |
|
Northern Oil & Gas (a) |
|
6,141 |
| |
|
|
|
Small E&P Company in North Dakota Bakken |
|
|
| |
|
386,000 |
|
Houston American Energy |
|
5,948 |
| |
|
|
|
Oil & Gas Exploration & Production in Colombia |
|
|
| |
|
146,000 |
|
Carrizo Oil & Gas (a) |
|
5,392 |
| |
|
|
|
Oil & Gas Producer |
|
|
| |
|
84,000 |
|
Swift Energy (a) |
|
3,585 |
| |
|
|
|
Oil & Gas Exploration & Production Co. |
|
|
| |
|
22,800 |
|
Oasis Petroleum (a) |
|
721 |
| |
|
|
|
Oil Producer in North Dakota |
|
|
| |
|
|
|
|
|
54,694 |
| |
|
|
|
> Mining 0.8% |
|
|
| |
|
100,000 |
|
Core Laboratories (Netherlands) |
|
10,217 |
| |
|
|
|
Oil & Gas Reservoir Consulting |
|
|
| |
|
393,000 |
|
Alexco Resource (a) |
|
3,478 |
| |
|
|
|
Mining, Exploration & Environmental Services |
|
|
| |
|
180,000 |
|
Augusta Resource (a) |
|
924 |
| |
|
|
|
U.S. Copper/Molybdenum Mine |
|
|
| |
|
|
|
|
|
14,619 |
| |
|
Energy & Minerals: Total |
|
164,133 |
| |||
|
Health Care 7.9% |
|
|
| |||
|
|
|
> Biotechnology & Drug Delivery 4.0% |
|
|
| |
|
520,000 |
|
BioMarin Pharmaceutical (a) |
|
13,068 |
| |
|
|
|
Biotech Focused on Orphan Diseases |
|
|
| |
|
232,000 |
|
Onyx Pharmaceuticals (a) |
|
8,162 |
| |
|
|
|
Commercial-stage Biotech Focused on Cancer |
|
|
| |
|
840,000 |
|
NPS Pharmaceuticals (a) |
|
8,039 |
| |
|
|
|
Orphan Drugs & Healthy Royalties |
|
|
| |
|
491,882 |
|
Seattle Genetics (a) |
|
7,659 |
| |
|
|
|
Antibody-based Therapies for Cancer |
|
|
| |
|
147,000 |
|
InterMune (a) |
|
6,937 |
| |
|
|
|
Drugs for Pulmonary Fibrosis & Hepatitis C |
|
|
| |
|
626,000 |
|
Isis Pharmaceuticals (a) |
|
5,659 |
| |
|
|
|
Biotech Pioneer in Anti-sense Drugs |
|
|
| |
Columbia Acorn USA
Statement of Investments (Unaudited), continued
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
> Biotechnology & Drug Delivery—continued |
|
|
| |
|
810,000 |
|
Micromet (a) |
|
$ |
4,544 |
|
|
|
|
Next-generation Antibody Technology |
|
|
| |
|
205,000 |
|
Auxilium Pharmaceuticals (a) |
|
4,401 |
| |
|
|
|
Biotech Focused on Niche Disease Areas |
|
|
| |
|
65,000 |
|
United Therapeutics (a) |
|
4,356 |
| |
|
|
|
Biotech Focused on Rare Diseases |
|
|
| |
|
790,000 |
|
Chelsea Therapeutics (a) |
|
3,081 |
| |
|
|
|
Biotech Focused on Rare Diseases |
|
|
| |
|
243,000 |
|
Savient Pharmaceuticals (a) |
|
2,576 |
| |
|
|
|
Biotech Company Focused on Severe Gout |
|
|
| |
|
360,369 |
|
Nabi Biopharmaceuticals (a) |
|
2,094 |
| |
|
|
|
Biotech Focused on Vaccines |
|
|
| |
|
220,000 |
|
Anthera Pharmaceuticals (a) |
|
1,487 |
| |
|
|
|
Biotech Focused on Cardiovascular, Cancer & Immunology |
|
|
| |
|
428,965 |
|
Idenix Pharmaceuticals (a) |
|
1,424 |
| |
|
|
|
Developer of Drugs for Infectious Diseases |
|
|
| |
|
446,532 |
|
Allos Therapeutics (a) |
|
1,415 |
| |
|
|
|
Cancer Drug Development |
|
|
| |
|
146,710 |
|
Nektar Therapeutics (a) |
|
1,389 |
| |
|
|
|
Drug Delivery Technologies |
|
|
| |
|
450,000 |
|
Array Biopharma (a) |
|
1,377 |
| |
|
|
|
Drugs for Cancer & Inflammatory Diseases |
|
|
| |
|
18,181 |
|
Metabolex, Series A-1 (a)(d) |
|
18 |
| |
|
|
|
Diabetes Drug Development |
|
|
| |
|
738,060 |
|
Medicure - Warrants (a)(d) |
|
2 |
| |
|
|
|
Cardiovascular Biotech Company |
|
|
| |
|
37,500 |
|
Locus Pharmaceuticals, Series A-1, Pfd. (a)(d) |
|
— |
| |
|
19,329 |
|
Locus Pharmaceuticals, Series B-1, Pfd. (a)(d) |
|
— |
| |
|
|
|
High Throughput Rational Drug Design |
|
|
| |
|
|
|
|
|
77,688 |
| |
|
|
|
> Medical Equipment & Devices 2.3% |
|
|
| |
|
185,000 |
|
Alexion Pharmaceuticals (a) |
|
18,256 |
| |
|
|
|
Biotech Focused on Orphan Diseases |
|
|
| |
|
184,000 |
|
Sirona Dental Systems (a) |
|
9,229 |
| |
|
|
|
Manufacturer of Dental Equipment |
|
|
| |
|
120,000 |
|
Gen-Probe (a) |
|
7,962 |
| |
|
|
|
Molecular In-vitro Diagnostics |
|
|
| |
|
53,000 |
|
Idexx Laboratories (a) |
|
4,093 |
| |
|
|
|
Diagnostic Equipment & Services for Veterinarians |
|
|
| |
|
155,000 |
|
Pacific Biosciences of California (a)(c) |
|
2,178 |
| |
|
|
|
Genome Sequencing |
|
|
| |
|
72,000 |
|
American Medical Systems (a) |
|
1,558 |
| |
|
|
|
Medical Devices to Treat Urological Conditions |
|
|
| |
|
160,783 |
|
Nanosphere (a) |
|
522 |
| |
|
|
|
Molecular Diagnostics Company with Best of Breed Platform |
|
|
| |
|
|
|
|
|
43,798 |
| |
|
|
|
> Medical Supplies 0.7% |
|
|
| |
|
439,600 |
|
Cepheid (a) |
|
12,317 |
| |
|
|
|
Molecular Diagnostics |
|
|
| |
|
49,000 |
|
Neogen (a) |
|
2,028 |
| |
|
|
|
Food & Animal Safety Products |
|
|
| |
|
|
|
|
|
14,345 |
| |
|
|
|
> Health Care Services 0.6% |
|
|
| |
|
1,038,900 |
|
Health Management Associates (a) |
|
11,324 |
| |
|
|
|
Non-urban Hospitals |
|
|
| |
|
|
|
|
|
11,324 |
| |
|
|
|
> Pharmaceuticals 0.3% |
|
|
| |
|
676,582 |
|
Akorn (a) |
|
3,904 |
| |
|
|
|
Develops, Manufactures & Sells Specialty Generic Drugs |
|
|
| |
|
129,460 |
|
Alimera Sciences (a) |
|
1,010 |
| |
|
|
|
Ophthalmogy-focused Pharmaceutical Company |
|
|
| |
|
|
|
|
|
4,914 |
| |
|
Health Care: Total |
|
152,069 |
| |||
|
Other Industries 6.2% |
|
|
| |||
|
|
|
> Real Estate 5.1% |
|
|
| |
|
915,000 |
|
Extra Space Storage |
|
18,950 |
| |
|
|
|
Self Storage Facilities |
|
|
| |
|
995,200 |
|
BioMed Realty Trust |
|
18,929 |
| |
|
|
|
Life Science-focused Office Buildings |
|
|
| |
|
600,000 |
|
Associated Estates Realty |
|
9,528 |
| |
|
|
|
Multi-family Properties |
|
|
| |
|
246,000 |
|
Corporate Office Properties |
|
8,890 |
| |
|
|
|
Office Buildings |
|
|
| |
|
1,380,000 |
|
Kite Realty Group |
|
7,328 |
| |
|
|
|
Community Shopping Centers |
|
|
| |
|
870,000 |
|
Education Realty Trust |
|
6,986 |
| |
|
|
|
Student Housing |
|
|
| |
|
177,000 |
|
Kilroy Realty |
|
6,873 |
| |
|
|
|
Southern California Office & Industrial Properties |
|
|
| |
|
1,058,000 |
|
DCT Industrial Trust |
|
5,872 |
| |
|
|
|
Industrial Properties |
|
|
| |
|
98,619 |
|
Macerich |
|
4,884 |
| |
|
|
|
Regional Shopping Malls |
|
|
| |
|
191,000 |
|
Dupont Fabros Technology |
|
4,632 |
| |
|
|
|
Technology-focused Office Buildings |
|
|
| |
|
100,000 |
|
Post Properties |
|
3,925 |
| |
|
|
|
Multi-family Properties |
|
|
| |
|
208,000 |
|
Summit Hotel Properties (a) |
|
2,067 |
| |
|
|
|
Owner of Select Service Hotels |
|
|
| |
|
|
|
|
|
98,864 |
| |
|
|
|
> Transportation 1.1% |
|
|
| |
|
256,000 |
|
World Fuel Services |
|
10,396 |
| |
|
|
|
Global Fuel Broker |
|
|
| |
|
310,000 |
|
Heartland Express |
|
5,444 |
| |
|
|
|
Regional Trucker |
|
|
| |
|
210,091 |
|
Rush Enterprises, Class A (a) |
|
4,160 |
| |
|
115,000 |
|
Rush Enterprises, Class B (a) |
|
2,000 |
| |
|
|
|
Truck Sales & Services |
|
|
| |
|
|
|
|
|
22,000 |
| |
|
Other Industries: Total |
|
120,864 |
| |||
|
Total Equities: 99.2% (Cost: $1,281,848) |
|
1,919,995 |
| |||
|
Number of Shares |
|
|
|
Value (000) |
| ||
|
|
|
|
|
|
| ||
|
Securities Lending Collateral: 0.1% |
|
|
| ||||
|
1,342,250 |
|
Dreyfus Government Cash Management Fund (e) (7 day yield of 0.00%) |
|
$ |
1,342 |
| |
|
Total Securities Lending Collateral: (Cost: $1,342) |
|
1,342 |
| ||||
|
|
|
|
|
|
| ||
|
Short-Term Obligation: 0.8% |
|
|
| ||||
|
|
|
> Repurchase Agreement: 0.8% |
|
|
| ||
|
$ |
14,945 |
|
Repurchase Agreement with Fixed Income Clearing Corp., dated 3/31/11, due 4/01/11 at 0.07%, collateralized by a U.S. Government Agency obligation maturing 4/18/16, market value $15,245 (repurchase proceeds $14,945) |
|
14,945 |
| |
|
Total Short Term Obligation: (Cost: $14,945) |
|
14,945 |
| ||||
|
|
|
|
|
|
| ||
|
Total Investments: 100.1% (Cost: $1,298,135)(f) |
|
1,936,282 |
| ||||
|
|
|
|
|
|
| ||
|
Obligation to Return Collateral for Securities Loaned: (0.1)% |
|
(1,342 |
) | ||||
|
|
|
|
|
|
| ||
|
Cash and Other Assets Less Liabilities: 0.0% |
|
716 |
| ||||
|
|
|
|
|
|
| ||
|
Total Net Assets: 100.0% |
|
$ |
1,935,656 |
| |||
ADR = American Depositary Receipts.
Columbia Acorn USA
Statement of Investments (Unaudited), continued
> Notes to Statement of Investments (dollar values in thousands)
* Security Valuation:
Securities of the Fund are valued at market value or, if a market quotation for a security is not readily available or is deemed not to be reliable because of events or circumstances that have occurred between the market quotation and the time as of which the security is to be valued, the security is valued at a fair value determined in good faith under consistently applied procedures established by the Board of Trustees. A security traded on a securities exchange or in an over-the-counter market in which transaction prices are reported is valued at the last sales price at the time of valuation. A security traded principally on NASDAQ is valued at the NASDAQ official closing price. Mutual Funds and Exchange Traded Funds are valued at their closing net asset value as reported to NASDAQ. A security for which there is no reported sale on the valuation date is valued at the latest bid quotation. Short-term investments maturing in 60 days or less are valued at amortized cost, which approximates market value. A security for which a market quotation is not readily available and any other assets are valued at their fair value determined in good faith under consistently applied procedures established by the Board of Trustees. The Fund has retained an independent statistical fair value pricing service that employs a systematic methodology to assist in the fair valuation process for securities principally traded in a foreign market in order to adjust for possible changes in value that may occur between the close of the foreign exchange and the time as of which the securities are to be valued. If a security is valued at fair value, that value may be different from the last quoted market price for the security.
Various inputs are used in determining the value of the Fund’s investments, following the input prioritization hierarchy established by GAAP. These inputs are summarized in the three broad levels listed below:
· Level 1 — quoted prices in active markets for identical securities
· Level 2 — prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others)
· Level 3 — prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Examples of the types of securities in which the Fund would typically invest and how they are classified within this hierarchy are as follows. Typical Level 1 securities include exchange traded domestic equities, mutual funds whose NAVs are published each day and exchange traded foreign equities that are not statistically fair valued. Typical Level 2 securities include exchange traded foreign equities that are statistically fair valued, forward foreign currency exchange contracts and short-term investments valued at amortized cost. Additionally, securities fair valued by the Fund’s Valuation Committee that rely on significant observable inputs are also included in level 2. Typical Level 3 securities include any security fair valued by the Fund’s Valuation Committee that relies on significant unobservable inputs.
The following table summarizes the inputs used, as March 31, 2011, in valuing the Fund’s assets:
|
Investment Type |
|
Quoted Prices |
|
Other |
|
Significant |
|
Total |
| ||||
|
Equities |
|
|
|
|
|
|
|
|
| ||||
|
Information |
|
$ |
661,988 |
|
$ |
— |
|
$ |
— |
|
$ |
661,988 |
|
|
Consumer Goods & Services |
|
325,573 |
|
— |
|
— |
|
325,573 |
| ||||
|
Industrial Goods & Services |
|
286,283 |
|
— |
|
— |
|
286,283 |
| ||||
|
Finance |
|
209,085 |
|
— |
|
— |
|
209,085 |
| ||||
|
Energy & Minerals |
|
164,133 |
|
— |
|
— |
|
164,133 |
| ||||
|
Health Care |
|
152,049 |
|
2 |
|
18 |
|
152,069 |
| ||||
|
Other Industries |
|
120,864 |
|
— |
|
— |
|
120,864 |
| ||||
|
Total Equities |
|
1,919,975 |
|
2 |
|
18 |
|
1,919,995 |
| ||||
|
Total Securities Lending Collateral |
|
1,342 |
|
— |
|
— |
|
1,342 |
| ||||
|
Total Short-Term Obligations |
|
— |
|
14,945 |
|
— |
|
14,945 |
| ||||
|
Total Investments |
|
$ |
1,921,317 |
|
$ |
14,947 |
|
$ |
18 |
|
$ |
1,936,282 |
|
The Fund’s assets assigned to the Level 2 input category are generally valued using a market approach, in which a security’s value is determined through its correlation to prices and information from observable market transactions for similar or identical assets. Warrants which do not trade are valued as a percentage of the actively trading common stock using a model based on Black Scholes.
Certain short-term obligations may be valued using amortized cost, an income approach which converts future cash flows to a present value based upon the discount or premium at purchase.
The Fund’s assets assigned to the Level 3 input category are valued at fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees. To determine fair value, management will utilize the valuation technique that they deem the most appropriate in the circumstances. Securities for which no market exists are valued based upon a market approach using some unobservable inputs which may include, but are not limited to, projected earnings, available cash, line of business, multiples, and consideration of the prioritization of the equity in a company’s capital structure.
There were no significant transfers of financial assets between levels 1 and 2 during the period.
The following table reconciles asset balances for the three months ending March 31, 2011, in which significant unobservable inputs (Level 3) were used in determining value:
|
Investments |
|
Balance |
|
Realized |
|
Change in |
|
Purchases |
|
Sells |
|
Transfers |
|
Transfers |
|
Balance |
| ||||||||
|
Equities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Health Care |
|
$ |
20 |
|
$ |
— |
|
$ |
(2 |
) |
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
18 |
|
|
|
|
$ |
20 |
|
$ |
— |
|
$ |
(2 |
) |
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
18 |
|
The information in the above reconciliation represents fiscal year to date activity for any securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period.
The change in unrealized depreciation attributed to securities owned at March 31, 2011, which were valued using significant unobservable inputs (Level 3) amounted to $2.
> Notes to Statement of Investments (dollar values in thousands)
(a) Non-income producing security.
(b) An affiliated person of the Fund may include any company in which the Fund owns five percent or more of its outstanding voting shares. Holdings and transactions in this affiliated company during the three months ended March 31, 2011, are as follows:
|
Affiliate |
|
Balance of |
|
Purchases/ |
|
Sales/ |
|
Balance of |
|
Value |
|
Dividend |
| ||
|
RCM Technologies |
|
786,000 |
|
— |
|
76,000 |
|
710,000 |
|
$ |
3,614 |
|
$ |
— |
|
|
Total of Affiliated Transactions |
|
786,000 |
|
— |
|
76,000 |
|
710,000 |
|
$ |
3,614 |
|
$ |
— |
|
The aggregate cost and value of this affiliated company at March 31, 2011, was $4,479 and $3,614. Investments in this affiliated company represented 0.2% of total net assets at March 31, 2011.
(c) All or a portion of this security was on loan at March 31, 2011. The total market value of Fund securities on loan at March 31, 2011 was $1,248.
(d) Denotes a restricted security, which is subject to restrictions on resale under federal securities laws. These securities are valued at a fair value determined in good faith under consistently applied procedures established by the Board of Trustees. At March 31, 2011, the market value of these securities amounted to $20, which represented less than 0.01% of total net assets.
Additional information on these securities is as follows:
|
Security |
|
Acquisition |
|
Shares |
|
Cost |
|
Value |
| ||
|
Metabolex, Series A-1 |
|
2/11/00 |
|
18,181 |
|
$ |
2,000 |
|
$ |
18 |
|
|
Medicure - Warrants |
|
12/22/06 |
|
738,060 |
|
— |
|
2 |
| ||
|
Locus Pharmaceuticals, Series A-1 Pfd. |
|
9/5/01 |
|
37,500 |
|
1,500 |
|
— |
| ||
|
Locus Pharmaceuticals, Series B-1 Pfd. |
|
2/8/07 |
|
19,329 |
|
56 |
|
— |
| ||
|
|
|
|
|
|
|
$ |
3,556 |
|
$ |
20 |
|
(e) Investment made with cash collateral received from securities lending activity.
(f) At March 31, 2011, for federal income tax purposes, the cost of investments was $1,298,135 and net unrealized appreciation was $638,147, consisting of gross unrealized appreciation of $738,944 and gross unrealized depreciation of $100,797.
Columbia Acorn International Select
Statement of Investments (Unaudited), March 31, 2011
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
Equities: 93.6% |
|
|
| |||
|
Europe 49.7% |
|
|
| |||
|
|
|
> United Kingdom 18.6% |
|
|
| |
|
2,139,000 |
|
Serco |
|
$ |
19,147 |
|
|
|
|
Facilities Management |
|
|
| |
|
1,465,000 |
|
Chemring |
|
16,251 |
| |
|
|
|
Defense Manufacturer of Countermeasures & Energetics |
|
|
| |
|
412,000 |
|
Intertek Group |
|
13,444 |
| |
|
|
|
Testing, Inspection & Certification Services |
|
|
| |
|
568,000 |
|
Petropavlovsk |
|
9,094 |
| |
|
|
|
Gold & Iron Ore Mining in Russia |
|
|
| |
|
2,415,000 |
|
Cobham |
|
8,918 |
| |
|
|
|
Aerospace Components |
|
|
| |
|
13,437,411 |
|
Workspace Group |
|
5,874 |
| |
|
|
|
United Kingdom Real Estate |
|
|
| |
|
517,000 |
|
JLT Group |
|
5,739 |
| |
|
|
|
International Business Insurance Broker |
|
|
| |
|
2,775,000 |
|
Archipelago Resources (a) |
|
2,554 |
| |
|
|
|
Gold Mining Projects in Indonesia, Vietnam & the Philippines |
|
|
| |
|
226,800 |
|
Shaftesbury |
|
1,721 |
| |
|
|
|
London Prime Retail REIT |
|
|
| |
|
|
|
|
|
82,742 |
| |
|
|
|
> Netherlands 10.4% |
|
|
| |
|
175,427 |
|
Fugro |
|
15,459 |
| |
|
|
|
Sub-sea Oilfield Services |
|
|
| |
|
166,000 |
|
AkzoNobel |
|
11,405 |
| |
|
|
|
Largest Global Supplier of Protective Paints & Coatings |
|
|
| |
|
231,504 |
|
Imtech |
|
8,592 |
| |
|
|
|
Electromechanical & Information & Communications Technologies Installation & Maintenance |
|
|
| |
|
238,000 |
|
Aalberts Industries |
|
5,648 |
| |
|
|
|
Flow Control & Heat Treatment |
|
|
| |
|
51,000 |
|
Core Laboratories |
|
5,211 |
| |
|
|
|
Oil & Gas Reservoir Consulting |
|
|
| |
|
|
|
|
|
46,315 |
| |
|
|
|
> Germany 5.8% |
|
|
| |
|
672,000 |
|
Wirecard |
|
12,052 |
| |
|
|
|
Online Payment Processing & Risk Management |
|
|
| |
|
115,500 |
|
Rheinmetall |
|
9,571 |
| |
|
|
|
Defense & Automotive |
|
|
| |
|
200,000 |
|
Rhoen-Klinikum |
|
4,337 |
| |
|
|
|
Health Care Services |
|
|
| |
|
|
|
|
|
25,960 |
| |
|
|
|
> Sweden 4.2% |
|
|
| |
|
774,666 |
|
Hexagon |
|
18,496 |
| |
|
|
|
Measurement Equipment & Software |
|
|
| |
|
|
|
|
|
18,496 |
| |
|
|
|
> Switzerland 2.6% |
|
|
| |
|
51,000 |
|
Kuehne & Nagel |
|
7,135 |
| |
|
|
|
Freight Forwarding/Logistics |
|
|
| |
|
99,000 |
|
Bank Sarasin & Cie |
|
4,311 |
| |
|
|
|
Private Banking |
|
|
| |
|
|
|
|
|
11,446 |
| |
|
|
|
> France 2.6% |
|
|
| |
|
130,000 |
|
Neopost |
|
11,388 |
| |
|
|
|
Postage Meter Machines |
|
|
| |
|
|
|
|
|
11,388 |
| |
|
|
|
> Ireland 2.3% |
|
|
| |
|
3,213,000 |
|
United Drug |
|
10,473 |
| |
|
|
|
Irish Pharmaceutical Wholesaler & Outsourcer |
|
|
| |
|
|
|
|
|
10,473 |
| |
|
|
|
> Iceland 1.2% |
|
|
| |
|
4,800,000 |
|
Marel (a) |
|
5,396 |
| |
|
|
|
Largest Manufacturer of Poultry & Fish Processing Equipment |
|
|
| |
|
|
|
|
|
5,396 |
| |
|
|
|
> Spain 1.0% |
|
|
| |
|
80,000 |
|
Red Eléctrica de España |
|
4,546 |
| |
|
|
|
Spanish Power Transmission |
|
|
| |
|
|
|
|
|
4,546 |
| |
|
|
|
> Denmark 1.0% |
|
|
| |
|
29,000 |
|
Novozymes |
|
4,440 |
| |
|
|
|
Industrial Enzymes |
|
|
| |
|
|
|
|
|
4,440 |
| |
|
Europe: Total |
|
221,202 |
| |||
|
|
|
|
| |||
|
Asia 26.1% |
|
|
| |||
|
|
|
> Japan 13.1% |
|
|
| |
|
2,115,000 |
|
Kansai Paint |
|
18,330 |
| |
|
|
|
Paint Producer in Japan, India, China & Southeast Asia |
|
|
| |
|
480,000 |
|
Asahi Diamond Industrial |
|
9,204 |
| |
|
|
|
Consumable Diamond Tools |
|
|
| |
|
4,450 |
|
Seven Bank |
|
8,980 |
| |
|
|
|
ATM Processing Services |
|
|
| |
|
521,000 |
|
Gree (b) |
|
8,731 |
| |
|
|
|
Mobile Social Networking Game Developer/Platform |
|
|
| |
|
8,550 |
|
Jupiter Telecommunications |
|
8,408 |
| |
|
|
|
Largest Cable Service Provider in Japan |
|
|
| |
|
110,000 |
|
Ain Pharmaciez |
|
3,831 |
| |
|
|
|
Dispensing Pharmacy/Drugstore Operator |
|
|
| |
|
15,400 |
|
Benesse |
|
632 |
| |
|
|
|
Education Service Provider |
|
|
| |
|
|
|
|
|
58,116 |
| |
|
|
|
> China 4.4% |
|
|
| |
|
12,115,400 |
|
Jiangsu Expressway |
|
13,643 |
| |
|
|
|
Chinese Toll Road Operator |
|
|
| |
|
1,324,700 |
|
Zhaojin Mining Industry |
|
5,928 |
| |
|
|
|
Gold Mining & Refining in China |
|
|
| |
|
|
|
|
|
19,571 |
| |
|
|
|
> South Korea 4.3% |
|
|
| |
|
79,266 |
|
NHN (a) |
|
13,830 |
| |
|
|
|
South Korea’s Largest Online Search Engine |
|
|
| |
|
151,000 |
|
Woongjin Coway |
|
5,211 |
| |
|
|
|
South Korean Household Appliance Rental Service Provider |
|
|
| |
|
|
|
|
|
19,041 |
| |
Columbia Acorn International Select
Statement of Investments (Unaudited), continued
|
Number of Shares |
|
|
|
Value (000) |
| ||
|
|
|
|
|
|
| ||
|
|
|
> Singapore 4.0% |
|
|
| ||
|
11,105,000 |
|
Ascendas REIT |
|
$ |
17,708 |
| |
|
|
|
Industrial Property Landlord |
|
|
| ||
|
|
|
|
|
17,708 |
| ||
|
|
|
> Hong Kong 0.3% |
|
|
| ||
|
1,515,000 |
|
Hutchison Port Holdings Trust (a) |
|
1,500 |
| ||
|
|
|
Southern China Container Ports |
|
|
| ||
|
|
|
|
|
1,500 |
| ||
|
Asia: Total |
|
115,936 |
| ||||
|
|
|
|
| ||||
|
Other Countries 13.4% |
|
|
| ||||
|
|
|
> Canada 4.0% |
|
|
| ||
|
210,400 |
|
CCL Industries |
|
6,858 |
| ||
|
|
|
Leading Global Label Manufacturer |
|
|
| ||
|
125,000 |
|
AG Growth |
|
5,890 |
| ||
|
|
|
Leading Manufacturer of Augers & Grain Handling Equipment |
|
|
| ||
|
132,000 |
|
Pan American Silver |
|
4,901 |
| ||
|
|
|
Silver Mining |
|
|
| ||
|
|
|
|
|
17,649 |
| ||
|
|
|
> South Africa 3.6% |
|
|
| ||
|
1,152,200 |
|
Adcock Ingram Holdings |
|
9,461 |
| ||
|
|
|
Manufacturer of Pharmaceuticals & Medical Supplies |
|
|
| ||
|
122,700 |
|
Naspers |
|
6,602 |
| ||
|
|
|
Media in Africa, China, Russia & Other Emerging Markets |
|
|
| ||
|
|
|
|
|
16,063 |
| ||
|
|
|
> United States 2.6% |
|
|
| ||
|
143,000 |
|
Atwood Oceanics (a) |
|
6,639 |
| ||
|
|
|
Offshore Drilling Contractor |
|
|
| ||
|
67,000 |
|
SM Energy |
|
4,971 |
| ||
|
|
|
Oil & Gas Producer |
|
|
| ||
|
|
|
|
|
11,610 |
| ||
|
|
|
> Australia 2.1% |
|
|
| ||
|
571,848 |
|
UGL |
|
9,276 |
| ||
|
|
|
Engineering & Facilities Management |
|
|
| ||
|
|
|
|
|
9,276 |
| ||
|
|
|
> Israel 1.1% |
|
|
| ||
|
310,000 |
|
Israel Chemicals |
|
5,104 |
| ||
|
|
|
Producer of Potash, Phosphates, Bromine & Specialty Chemicals |
|
|
| ||
|
|
|
|
|
5,104 |
| ||
|
Other Countries: Total |
|
59,702 |
| ||||
|
|
|
|
| ||||
|
Latin America 4.4% |
|
|
| ||||
|
|
|
> Colombia 3.9% |
|
|
| ||
|
525,000 |
|
Pacific Rubiales Energy |
|
14,567 |
| ||
|
|
|
Oil Production & Exploration in Colombia |
|
|
| ||
|
18,800,000 |
|
Quetzal Energy (a)(c) |
|
2,660 |
| ||
|
|
|
Explores for Oil & Gas in Latin America |
|
|
| ||
|
|
|
|
|
17,227 |
| ||
|
|
|
> Argentina 0.5% |
|
|
| ||
|
1,000,000 |
|
Union Agriculture Group (a)(c) |
|
|
2,200 |
| |
|
|
|
Farmland Operator in Uruguay |
|
|
| ||
|
|
|
|
|
2,200 |
| ||
|
Latin America: Total |
|
19,427 |
| ||||
|
|
|
|
|
|
| ||
|
Total Equities: 93.6% |
|
416,267 |
| ||||
|
|
|
|
| ||||
|
Securities Lending Collateral: 0.8% |
|
|
| ||||
|
3,600,600 |
|
Dreyfus Government Cash Management Fund (d) (7 day yield of 0.00%) |
|
3,601 |
| ||
|
Total Securities Lending Collateral: |
|
3,601 |
| ||||
|
|
|
|
| ||||
|
Principal |
|
|
|
|
| ||
|
|
|
|
| ||||
|
Short-Term Obligations: 5.8% |
|
|
| ||||
|
|
|
> Repurchase Agreement 4.8% |
|
|
| ||
|
$ |
21,365 |
|
Repurchase Agreement with Fixed Income Clearing Corp., dated 3/31/11, due 4/01/11 at 0.07%, collateralized by a U.S. Government Agency obligation maturing 4/18/16, market value $21,795 (repurchase proceeds $21,365) |
|
21,365 |
| |
|
|
|
|
|
21,365 |
| ||
|
|
|
> Commercial Paper 1.0% |
|
|
| ||
|
2,200 |
|
ConocoPhillips 0.24% due 4/7/11 (e) |
|
2,200 |
| ||
|
2,000 |
|
Toyota Motor Credit 0.22% due 4/11/11 |
|
2,000 |
| ||
|
|
|
|
|
4,200 |
| ||
|
Total Short-Term Obligations: |
|
25,565 |
| ||||
|
|
|
|
| ||||
|
Total Investments: 100.2% |
|
445,433 |
| ||||
|
|
|
|
| ||||
|
Obligation to Return Collateral for Securities Loaned: (0.8)% |
|
(3,601 |
) | ||||
|
|
|
|
| ||||
|
Cash and Other Assets Less Liabilities: 0.6% |
|
2,676 |
| ||||
|
|
|
|
| ||||
|
Total Net Assets: 100% |
|
$ |
444,508 |
| |||
> Notes to Statements of Investments (dollar values in thousands)
* Security Valuation:
Securities of the Fund are valued at market value or, if a market quotation for a security is not readily available or is deemed not to be reliable because of events or circumstances that have occurred between the market quotation and the time as of which the security is to be valued, the security is valued at a fair value determined in good faith under consistently applied procedures established by the Board of Trustees. A security traded on a securities exchange or in an over-the-counter market in which transaction prices are reported is valued at the last sales price at the time of valuation. A security traded principally on NASDAQ is valued at the NASDAQ official closing price. Mutual Funds and Exchange Traded Funds are valued at their closing net asset value as reported to NASDAQ. A security for which there is no reported sale on the valuation date is valued at the latest bid quotation. Short-term investments maturing in 60 days or less are valued at amortized cost, which approximates market value. A security for which a market quotation is not readily available and any other assets are valued at their fair value determined in good faith under consistently applied procedures established by the Board of Trustees. The Fund has retained an independent statistical fair value pricing service that employs a systematic methodology to assist in the fair valuation process for securities principally traded in a foreign market in order to adjust for possible changes in value that may occur between the close of the foreign exchange and the time as of which the securities are to be valued. If a security is valued at fair value, that value may be different from the last quoted market price for the security.
Various inputs are used in determining the value of the Fund’s investments, following the input prioritization hierarchy established by GAAP. These inputs are summarized in the three broad levels listed below:
· Level 1 — quoted prices in active markets for identical securities
· Level 2 — prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others)
· Level 3 — prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Examples of the types of securities in which the Fund would typically invest and how they are classified within this hierarchy are as follows. Typical Level 1 securities include exchange traded domestic equities, mutual funds whose NAVs are published each day and exchange traded foreign equities that are not statistically fair valued. Typical Level 2 securities include exchange traded foreign equities that are statistically fair valued, forward foreign currency exchange contracts and short-term investments valued at amortized cost. Additionally, securities fair valued by the Fund’s Valuation Committee that rely on significant observable inputs are also included in level 2. Typical Level 3 securities include any security fair valued by the Fund’s Valuation Committee that relies on significant unobservable inputs.
The following table summarizes the inputs used, as March 31, 2011, in valuing the Fund’s assets:
|
Investment Type |
|
Quoted Prices |
|
Other |
|
Significant |
|
Total |
| ||||
|
Equities |
|
|
|
|
|
|
|
|
| ||||
|
Europe |
|
$ |
5,211 |
|
$ |
215,991 |
|
$ |
— |
|
$ |
221,202 |
|
|
Asia |
|
1,500 |
|
96,728 |
|
17,708 |
|
115,936 |
| ||||
|
Other Countries |
|
29,259 |
|
30,443 |
|
— |
|
59,702 |
| ||||
|
Latin America |
|
14,567 |
|
2,660 |
|
2,200 |
|
19,427 |
| ||||
|
Total Equities |
|
50,537 |
|
345,822 |
|
19,908 |
|
416,267 |
| ||||
|
Total Securities Lending Collateral |
|
3,601 |
|
— |
|
— |
|
3,601 |
| ||||
|
Total Short-Term Obligations |
|
— |
|
25,565 |
|
— |
|
25,565 |
| ||||
|
Total Investments |
|
$ |
54,138 |
|
$ |
371,387 |
|
$ |
19,908 |
|
$ |
445,443 |
|
The Fund’s assets assigned to the Level 2 input category are generally valued using a market approach, in which a security’s value is determined through its correlation to prices and information from observable market transactions for similar or identical assets. Foreign equities are generally valued at the last sales price on the foreign exchange or market on which they trade. The Fund may use a systematic fair valuation model provided by an independent third party to value securities principally traded in foreign markets in order to adjust for possible stale pricing that may occur between the close of the foreign exchanges and the time for valuation. These models take into account available market data including intraday index, ADR, and ETF movements. Securities acquired via private placement that have a holding period or an extended settlement period are valued at a discount to the same shares that are trading freely on the market. These discounts are determined by the adviser’s experience with similar securities or situations. Factors may include, but are not limited to, trade volume, shares outstanding and stock price.
Certain short-term obligations may be valued using amortized cost, an income approach which converts future cash flows to a present value based upon the discount or premium at purchase.
The Fund’s assets assigned to the Level 3 input category are valued at fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees. To determine fair value, management will utilize the valuation technique that they deem the most appropriate in the circumstances. Securities acquired via private placement that are not yet trading are valued using a market approach for which management has determined that the original transaction price is the best representation of fair value. The original cost may be adjusted for the market movement in an index, ETF or similar security during the period it does not trade. Securities for which no market exists are valued based upon a market approach using some unobservable inputs which may include, but are not limited to, projected earnings, available cash, line of business, multiples, and consideration of the prioritization of the equity in the company’s capital structure.
The following table reconciles asset balances for the three months ending March 31, 2011, in which significant unobservable inputs (Level 3) were used in determining value:
|
Investments |
|
Balance |
|
Realized |
|
Change in |
|
Purchases |
|
Sells |
|
Transfers |
|
Transfers |
|
Balance |
| ||||||||
|
Asia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Singapore |
|
$ |
— |
|
$ |
— |
|
$ |
(222 |
) |
$ |
510 |
|
$ |
— |
|
$ |
17,420 |
|
$ |
— |
|
$ |
17,708 |
|
|
Latin America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Argentina |
|
2,200 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
2,200 |
| ||||||||
|
|
|
$ |
2,200 |
|
$ |
— |
|
$ |
(222 |
) |
$ |
510 |
|
$ |
— |
|
$ |
17,420 |
|
$ |
— |
|
$ |
19,908 |
|
The information in the above reconciliation table represents fiscal year to date activity for any securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period.
The change in unrealized depreciation attributed to securities owned at March 31, 2011, which were valued using significant unobservable inputs (Level 3) amounted to $222.
Columbia Acorn International Select
Statement of Investments (Unaudited), continued
> Notes to Statements of Investments (dollar values in thousands)
The following table shows transfers between Level 2 and Level 3 of the fair value hierarchy:
|
Transfers In |
|
Transfers Out |
| ||||||||
|
Level 2 |
|
Level 3 |
|
Level 2 |
|
Level 3 |
| ||||
|
$ |
— |
|
$ |
17,420 |
|
$ |
17,420 |
|
$ |
— |
|
Financial assets were transferred from Level 2 to Level 3 as trading was halted during the period.
(a) Non-income producing security.
(b) All or a portion of this security was on loan at March 31, 2011. The total market value of Fund securities on loan at March 31, 2011 was $3,427.
(c) Denotes a restricted security, which is subject to restrictions on resale under federal securities laws. These securities are valued at a fair value determined in good faith under consistently applied procedures established by the Board of Trustees. At March 31, 2011, the market value of this security amounted to $4,860, which represented 1.09% of total net assets.
Additional information on these securities is as follows:
|
Security |
|
Acquisition |
|
Shares |
|
Cost |
|
Value |
| ||
|
Quetzal Energy |
|
1/14/11 |
|
18,800,000 |
|
$ |
2,376 |
|
$ |
2,660 |
|
|
Union Agriculture Group |
|
2/8/10 |
|
1,000,000 |
|
2,200 |
|
2,200 |
| ||
|
|
|
|
|
|
|
$ |
4,576 |
|
$ |
4,860 |
|
(d) Investment made with cash collateral received from securities lending activity.
(e) Security exempt from registration under Section 4(2) of the Securities Act of 1933. This security may only be resold in exempt transactions to qualified buyers. Private resales of this security to qualified institutional buyers is also exempt from registration pursuant to Rule 144A under the Securities Act of 1933. At March 31, 2011, this security had an aggregate value of $2,200, which represented 0.5% of net assets.
(f) At March 31, 2011, for federal income tax purposes, the cost of investments was $331,779 and net unrealized appreciation was $113,654, consisting of gross unrealized appreciation of $120,892 and gross unrealized depreciation of $7,238.
(g) On March 31, 2011, the Fund’s total investments were denominated in currencies as follows:
|
Currency |
|
Value |
|
Percentage |
| |
|
Euro |
|
$ |
93,471 |
|
21.0 |
|
|
British Pound |
|
82,742 |
|
18.6 |
| |
|
Japanese Yen |
|
58,116 |
|
13.1 |
| |
|
U.S. Dollar |
|
54,588 |
|
12.3 |
| |
|
Canadian Dollar |
|
29,975 |
|
6.7 |
| |
|
Other currencies less than 5% of total net assets |
|
126,541 |
|
28.5 |
| |
|
|
|
$ |
445,433 |
|
100.2 |
|
Columbia Acorn Select
Statement of Investments (Unaudited), March 31, 2011
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
Equities: 98.4% |
|
|
| |||
|
Consumer Goods & Services 27.3% |
|
|
| |||
|
|
|
> Retail 10.0% |
|
|
| |
|
1,600,000 |
|
Abercrombie & Fitch |
|
$ |
93,920 |
|
|
|
|
Teen Apparel Retailer |
|
|
| |
|
3,600,000 |
|
Safeway |
|
84,744 |
| |
|
|
|
Supermarkets |
|
|
| |
|
350,000 |
|
lululemon athletica (a) |
|
31,168 |
| |
|
|
|
Premium Active Apparel Retailer |
|
|
| |
|
250,000 |
|
Tiffany & Co. |
|
15,360 |
| |
|
|
|
Luxury Good Retailer |
|
|
| |
|
|
|
|
|
225,192 |
| |
|
|
|
> Travel 6.0% |
|
|
| |
|
8,650,000 |
|
Hertz (a) |
|
135,200 |
| |
|
|
|
Largest U.S. Rental Car Operator |
|
|
| |
|
|
|
|
|
135,200 |
| |
|
|
|
> Educational Services 5.1% |
|
|
| |
|
1,000,000 |
|
ITT Educational Services (a) |
|
72,150 |
| |
|
|
|
Post-secondary Degree Services |
|
|
| |
|
1,900,000 |
|
Career Education (a) |
|
43,168 |
| |
|
|
|
Post-secondary Education |
|
|
| |
|
|
|
|
|
115,318 |
| |
|
|
|
> Apparel 2.6% |
|
|
| |
|
1,135,000 |
|
Coach |
|
59,065 |
| |
|
|
|
Designer & Retailer of Branded Leather Accessories |
|
|
| |
|
|
|
|
|
59,065 |
| |
|
|
|
> Casinos & Gaming 1.6% |
|
|
| |
|
335,000,000 |
|
RexLot Holdings (China) |
|
37,058 |
| |
|
|
|
Lottery Equipment Supplier in China |
|
|
| |
|
|
|
|
|
37,058 |
| |
|
|
|
> Leisure Products 1.1% |
|
|
| |
|
720,000 |
|
Thor Industries |
|
24,026 |
| |
|
|
|
RV & Bus Manufacturer |
|
|
| |
|
|
|
|
|
24,026 |
| |
|
|
|
> Food & Beverage 0.5% |
|
|
| |
|
1,000,000 |
|
GLG Life Tech (Canada) (a) |
|
10,550 |
| |
|
|
|
Produce an All-natural Sweetener Extracted from the Stevia Plant |
|
|
| |
|
|
|
|
|
10,550 |
| |
|
|
|
> Other Consumer Services 0.4% |
|
|
| |
|
2,300,000 |
|
IFM Investments (Century 21 China RE) - ADR (China) (a)(b) |
|
8,165 |
| |
|
|
|
Provides Real Estate Services in China |
|
|
| |
|
|
|
|
|
8,165 |
| |
|
Consumer Goods & Services: Total |
|
614,574 |
| |||
|
|
|
|
| |||
|
Industrial Goods & Services 17.8% |
|
|
| |||
|
|
|
> Machinery 10.6% |
|
|
| |
|
1,860,000 |
|
Ametek |
|
81,598 |
| |
|
|
|
Aerospace/Industrial Instruments |
|
|
| |
|
860,000 |
|
Pall |
|
49,545 |
| |
|
|
|
Filtration & Fluids Clarification |
|
|
| |
|
800,000 |
|
Donaldson |
|
49,032 |
| |
|
|
|
Industrial Air Filtration |
|
|
| |
|
|
|
|
|
|
| |
|
885,000 |
|
Kennametal |
|
34,515 |
| |
|
|
|
Consumable Cutting Tools |
|
|
| |
|
650,000 |
|
Oshkosh (a) |
|
22,997 |
| |
|
|
|
Specialty Truck Manufacturer |
|
|
| |
|
|
|
|
|
237,687 |
| |
|
|
|
> Waste Management 2.5% |
|
|
| |
|
1,500,000 |
|
Waste Management |
|
56,010 |
| |
|
|
|
U.S. Garbage Collection & Disposal |
|
|
| |
|
|
|
|
|
56,010 |
| |
|
|
|
> Industrial Materials & Specialty Chemicals 1.7% |
|
|
| |
|
1,000,000 |
|
Nalco Holding Company |
|
27,310 |
| |
|
|
|
Provider of Water Treatment & Process Chemicals & Services |
|
|
| |
|
1,581,700 |
|
ChemSpec International - ADR (China) (a) |
|
11,657 |
| |
|
|
|
Specialty Chemicals with Focus on Fluorinated Chemical Manufacturing |
|
|
| |
|
|
|
|
|
38,967 |
| |
|
|
|
> Other Industrial Services 1.7% |
|
|
| |
|
750,000 |
|
Expeditors International of Washington |
|
37,605 |
| |
|
|
|
International Freight Forwarder |
|
|
| |
|
|
|
|
|
37,605 |
| |
|
|
|
> Industrial Distribution 1.3% |
|
|
| |
|
220,000 |
|
WW Grainger |
|
30,290 |
| |
|
|
|
Industrial Distribution |
|
|
| |
|
|
|
|
|
30,290 |
| |
|
Industrial Goods & Services: Total |
|
400,559 |
| |||
|
|
|
|
| |||
|
Information 17.1% |
|
|
| |||
|
|
|
> Mobile Communications 6.7% |
|
|
| |
|
1,550,000 |
|
Crown Castle International (a) |
|
65,953 |
| |
|
|
|
Communications Towers |
|
|
| |
|
900,000 |
|
American Tower (a) |
|
46,638 |
| |
|
|
|
Communications Towers |
|
|
| |
|
505,000 |
|
SBA Communications (a) |
|
20,038 |
| |
|
|
|
Communications Towers |
|
|
| |
|
15,000,000 |
|
Globalstar (a)(b) |
|
19,050 |
| |
|
|
|
Satellite Mobile Voice & Data Carrier |
|
|
| |
|
|
|
|
|
151,679 |
| |
|
|
|
> Contract Manufacturing 3.5% |
|
|
| |
|
7,100,000 |
|
Sanmina-SCI (a)(b) |
|
79,591 |
| |
|
|
|
Electronic Manufacturing Services |
|
|
| |
|
|
|
|
|
79,591 |
| |
|
|
|
> Computer Services 2.0% |
|
|
| |
|
4,200,000 |
|
WNS - ADR (India) (a)(b) |
|
44,310 |
| |
|
|
|
Offshore BPO (Business Process Outsourcing) Services |
|
|
| |
|
|
|
|
|
44,310 |
| |
|
|
|
> Computer Hardware & Related Equipment 1.8% |
|
|
| |
|
750,000 |
|
Amphenol |
|
40,792 |
| |
|
|
|
Electronic Connectors |
|
|
| |
|
|
|
|
|
40,792 |
| |
Columbia Acorn Select
Statement of Investments (Unaudited), continued
|
Number of Shares |
|
|
|
Value (000) |
| |
|
|
|
|
|
|
| |
|
|
|
> Business Information & Marketing Services 1.0% |
|
|
| |
|
2,300,000 |
|
Navigant Consulting (a) |
|
$ |
22,977 |
|
|
|
|
Financial Consulting Firm |
|
|
| |
|
|
|
|
|
22,977 |
| |
|
|
|
> Instrumentation 0.9% |
|
|
| |
|
120,000 |
|
Mettler Toledo (a) |
|
20,640 |
| |
|
|
|
Laboratory Equipment |
|
|
| |
|
|
|
|
|
20,640 |
| |
|
|
|
> Advertising 0.7% |
|
|
| |
|
3,675,000 |
|
VisionChina Media - ADR (China) (a)(c) |
|
15,913 |
| |
|
|
|
Advertising on Digital Screens in China’s Mass Transit System |
|
|
| |
|
|
|
|
|
15,913 |
| |
|
|
|
> Business Software 0.5% |
|
|
| |
|
182,000 |
|
Concur Technologies (a) |
|
10,092 |
| |
|
|
|
Web Enabled Cost & Expense Management Software |
|
|
| |
|
|
|
|
|
10,092 |
| |
|
Information: Total |
|
385,994 |
| |||
|
|
|
|
| |||
|
Energy & Minerals 16.9% |
|
|
| |||
|
|
|
> Oil & Gas Producers 11.4% |
|
|
| |
|
3,700,000 |
|
Pacific Rubiales Energy (Colombia) |
|
102,661 |
| |
|
|
|
Oil Production & Exploration in Colombia |
|
|
| |
|
|
|
|
|
|
| |
|
30,530,000 |
|
Canacol Energy (Colombia) (a)(b) |
|
47,236 |
| |
|
4,000,000 |
|
Canacol Energy (Colombia) (a)(b)(d) |
|
6,065 |
| |
|
|
|
Oil Producer in South America |
|
|
| |
|
38,343,900 |
|
ShaMaran Petroleum (Iraq) (a)(b) |
|
37,968 |
| |
|
|
|
Oil Exploration in Kurdistan |
|
|
| |
|
1,450,000 |
|
Houston American Energy |
|
22,344 |
| |
|
|
|
Oil & Gas Exploration & Production in Colombia |
|
|
| |
|
34,856,000 |
|
Petrodorado (Colombia) (a)(b) |
|
15,999 |
| |
|
17,144,000 |
|
Petrodorado - Warrants (Colombia) (a)(b)(d) |
|
3,091 |
| |
|
|
|
Oil & Gas Exploration & Production in Colombia, Peru & Paraguay |
|
|
| |
|
24,000,000 |
|
Canadian Overseas Petroleum (United Kingdom) (a)(b)(d) |
|
13,343 |
| |
|
12,000,000 |
|
Canadian Overseas Petroleum - Warrants (United Kingdom) (a)(b)(d) |
|
2,091 |
| |
|
|
|
Oil & Gas Exploration/Production in the North Sea |
|
|
| |
|
13,125,000 |
|
Petromanas (Canada) (a)(d) |
|
4,444 |
| |
|
5,000,000 |
|
Petromanas (Canada) (a) |
|
1,728 |
| |
|
6,562,500 |
|
Petromanas - Warrants (Canada) (a)(d) |
|
431 |
| |
|
|
|
Exploring for Oil in Albania |
|
|
| |
|
|
|
|
|
257,401 |
| |
|
|
|
> Alternative Energy 2.3% |
|
|
| |
|
3,200,000 |
|
Canadian Solar (China) (a)(b)(c) |
|
36,064 |
| |
|
|
|
Solar Cell & Module Manufacturer |
|
|
| |
|
4,426,330 |
|
Synthesis Energy Systems (China) (a)(b)(c) |
|
12,482 |
| |
|
|
|
Owner/Operator of Gasification Plants |
|
|
| |
|
1,600,000 |
|
Real Goods Solar (a)(b) |
|
4,240 |
| |
|
|
|
Residential Solar Energy Installer |
|
|
| |
|
|
|
|
|
52,786 |
| |
|
|
|
> Agricultural Commodities 1.8% |
|
|
| |
|
9,090,909 |
|
Union Agriculture Group (Argentina) (a)(d) |
|
20,000 |
| |
|
|
|
Farmland Operator in Uruguay |
|
|
| |
|
38,000,000 |
|
Eacom Timber (Canada) (a)(b)(d) |
|
19,974 |
| |
|
|
|
Canadian Lumber Producer |
|
|
| |
|
|
|
|
|
39,974 |
| |
|
|
|
> Oil Services 0.8% |
|
|
| |
|
7,524,000 |
|
Tuscany International Drilling (Colombia) (a)(d) |
|
11,636 |
| |
|
3,450,000 |
|
Tuscany International Drilling (Colombia) (a) |
|
5,445 |
| |
|
760,000 |
|
Tuscany International Drilling - Warrants (Colombia) (a)(d) |
|
123 |
| |
|
|
|
South America-based Drilling Rig Contractor |
|
|
| |
|
|
|
|
|
17,204 |
| |
|
|
|
> Mining 0.6% |
|
|
| |
|
1,000,000 |
|
Kirkland Lake Gold (Canada) (a) |
|
13,956 |
| |
|
|
|
Gold Mining |
|
|
| |
|
|
|
|
|
13,956 |
| |
|
Energy & Minerals: Total |
|
381,321 |
| |||
|
|
|
|
| |||
|
Finance 13.0% |
|
|
| |||
|
|
|
> Credit Cards 5.5% |
|
|
| |
|
5,150,000 |
|
Discover Financial Services |
|
124,218 |
| |
|
|
|
Credit Card Company |
|
|
| |
|
|
|
|
|
124,218 |
| |
|
|
|
> Insurance 4.1% |
|
|
| |
|
12,500,000 |
|
CNO Financial Group (a) |
|
93,875 |
| |
|
|
|
Life, Long-term Care & Medical Supplement Insurance |
|
|
| |
|
|
|
|
|
93,875 |
| |
|
|
|
> Brokerage & Money Management 3.4% |
|
|
| |
|
6,000,000 |
|
MF Global (a) |
|
49,680 |
| |
|
|
|
Futures Broker |
|
|
| |
|
1,100,000 |
|
SEI Investments |
|
26,268 |
| |
|
|
|
Mutual Fund Administration & Investment Management |
|
|
| |
|
|
|
|
|
75,948 |
| |
|
Finance: Total |
|
294,041 |
| |||
|
|
|
|
| |||
|
Other Industries 4.9% |
|
|
| |||
|
|
|
> Transportation 2.6% |
|
|
| |
|
1,300,000 |
|
JB Hunt Transport Services |
|
59,046 |
| |
|
|
|
Truck & Intermodal Carrier |
|
|
| |
|
|
|
|
|
59,046 |
| |
|
|
|
> Real Estate 1.6% |
|
|
| |
|
1,900,000 |
|
BioMed Realty Trust |
|
36,138 |
| |
|
|
|
Life Science-focused Office Buildings |
|
|
| |
|
|
|
|
|
36,138 |
| |
|
|
|
> Regulated Utilities 0.7% |
|
|
| |
|
500,000 |
|
Wisconsin Energy |
|
15,250 |
| |
|
|
|
Wisconsin Utility |
|
|
| |
|
|
|
|
|
15,250 |
| |
|
Other Industries: Total |
|
110,434 |
| |||
|
Number of Shares |
|
|
|
Value (000) |
| ||
|
|
|
|
|
|
| ||
|
Health Care 1.4% |
|
|
| ||||
|
|
|
> Biotechnology & Drug Delivery 0.9% |
|
|
| ||
|
2,000,000 |
|
NPS Pharmaceuticals (a) |
|
$ |
19,140 |
| |
|
|
|
Orphan Drugs & Healthy Royalties |
|
|
| ||
|
|
|
|
|
19,140 |
| ||
|
|
|
> Pharmaceuticals 0.5% |
|
|
| ||
|
1,996,847 |
|
Akorn (a) |
|
11,522 |
| ||
|
|
|
Develops, Manufactures & Sells Specialty Generic Drugs |
|
|
| ||
|
|
|
|
|
11,522 |
| ||
|
Health Care: Total |
|
30,662 |
| ||||
|
|
|
|
| ||||
|
Total Equities: 98.4% |
|
2,217,585 |
| ||||
|
|
|
|
| ||||
|
Securities Lending Collateral: 1.2% |
|
|
| ||||
|
27,281,880 |
|
Dreyfus Government Cash Management Fund (e) (7 day yield of 0.00%) |
|
27,282 |
| ||
|
Total Securities Lending Collateral: |
|
27,282 |
| ||||
|
|
|
|
|
|
| ||
|
Short-Term Obligations 1.1% |
|
|
| ||||
|
|
|
> Repurchase Agreement 0.6% |
|
|
| ||
|
$ |
14,399 |
|
Repurchase Agreement with Fixed Income Clearing Corp., dated 3/31/11, due 4/01/11 at 0.07%, collateralized by a U.S. Government Agency obligation maturing 12/01/17, market value $14,690 (repurchase proceeds $14,399) |
|
14,399 |
| |
|
|
|
|
|
14,399 |
| ||
|
|
|
> Commercial Paper 0.5% |
|
|
| ||
|
11,600 |
|
ConocoPhillips (f) 0.24% Due 4/07/11 |
|
11,599 |
| ||
|
|
|
|
|
11,599 |
| ||
|
Total Short-Term Obligations: |
|
25,998 |
| ||||
|
|
|
|
| ||||
|
Total Investments: 100.7% |
|
2,270,865 |
| ||||
|
|
|
|
| ||||
|
Obligation to Return Collateral for Securities Loaned: (1.2)% |
|
(27,282 |
) | ||||
|
|
|
|
| ||||
|
Cash and Other Assets Less Liabilities: 0.5% |
|
10,585 |
| ||||
|
|
|
|
| ||||
|
Total Net Assets: 100.0% |
|
$ |
2,254,168 |
| |||
ADR = American Depositary Receipts
Columbia Acorn Select
Statement of Investments (Unaudited), continued
> Notes to Statement of Investments (dollar values in thousands)
* Security Valuation:
Securities of the Fund are valued at market value or, if a market quotation for a security is not readily available or is deemed not to be reliable because of events or circumstances that have occurred between the market quotation and the time as of which the security is to be valued, the security is valued at a fair value determined in good faith under consistently applied procedures established by the Board of Trustees. A security traded on a securities exchange or in an over-the-counter market in which transaction prices are reported is valued at the last sales price at the time of valuation. A security traded principally on NASDAQ is valued at the NASDAQ official closing price. Mutual Funds and Exchange Traded Funds are valued at their closing net asset value as reported to NASDAQ. A security for which there is no reported sale on the valuation date is valued at the latest bid quotation. Short-term investments maturing in 60 days or less are valued at amortized cost, which approximates market value. A security for which a market quotation is not readily available and any other assets are valued at their fair value determined in good faith under consistently applied procedures established by the Board of Trustees. The Fund has retained an independent statistical fair value pricing service that employs a systematic methodology to assist in the fair valuation process for securities principally traded in a foreign market in order to adjust for possible changes in value that may occur between the close of the foreign exchange and the time as of which the securities are to be valued. If a security is valued at fair value, that value may be different from the last quoted market price for the security.
Various inputs are used in determining the value of the Fund’s investments, following the input prioritization hierarchy established by GAAP. These inputs are summarized in the three broad levels listed below:
· Level 1 — quoted prices in active markets for identical securities
· Level 2 — prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others)
· Level 3 — prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Examples of the types of securities in which the Fund would typically invest and how they are classified within this hierarchy are as follows. Typical Level 1 securities include exchange traded domestic equities, mutual funds whose NAVs are published each day and exchange traded foreign equities that are not statistically fair valued. Typical Level 2 securities include exchange traded foreign equities that are statistically fair valued, forward foreign currency exchange contracts and short-term investments valued at amortized cost. Additionally, securities fair valued by the Fund’s Valuation Committee that rely on significant observable inputs are also included in level 2. Typical Level 3 securities include any security fair valued by the Fund’s Valuation Committee that relies on significant unobservable inputs.
The following table summarizes the inputs used, as of March 31, 2011, in valuing the Fund’s assets:
|
Investment Type |
|
Quoted Prices |
|
Other |
|
Significant |
|
Total |
| ||||
|
Equities |
|
|
|
|
|
|
|
|
| ||||
|
Consumer Goods & Services |
|
$ |
577,516 |
|
$ |
37,058 |
|
$ |
— |
|
$ |
614,574 |
|
|
Industrial Goods & Services |
|
400,559 |
|
— |
|
— |
|
400,559 |
| ||||
|
Information |
|
385,994 |
|
— |
|
— |
|
385,994 |
| ||||
|
Energy & Minerals |
|
300,123 |
|
61,198 |
|
20,000 |
|
381,321 |
| ||||
|
Finance |
|
294,041 |
|
— |
|
— |
|
294,041 |
| ||||
|
Other Industries |
|
110,434 |
|
— |
|
— |
|
110,434 |
| ||||
|
Health Care |
|
30,662 |
|
— |
|
— |
|
30,662 |
| ||||
|
Total Equities |
|
2,099,329 |
|
98,256 |
|
20,000 |
|
2,217,585 |
| ||||
|
Total Securities Lending Collateral |
|
27,282 |
|
— |
|
— |
|
27,282 |
| ||||
|
Total Short-Term Obligations |
|
— |
|
25,998 |
|
— |
|
25,998 |
| ||||
|
Total Investments |
|
$ |
2,126,611 |
|
$ |
124,254 |
|
$ |
20,000 |
|
$ |
2,270,865 |
|
The Fund’s assets assigned to the Level 2 input category are generally valued using a market approach, in which a security’s value is determined through its correlation to prices and information from observable market transactions for similar or identical assets. Foreign equities are generally valued at the last sales price on the foreign exchange or market on which they trade. The Fund may use a systematic fair valuation model provided by an independent third party to value securities principally traded in foreign markets in order to adjust for possible stale pricing that may occur between the close of the foreign exchanges and the time for valuation. These models take into account available market data including intraday index, ADR, and ETF movements. Securities acquired via private placement that have a holding period or an extended settlement period are valued at a discount to the same shares that are trading freely on the market. These discounts are determined by the adviser’s experience with similar securities or situations. Factors may include, but are not limited to, trade volume, shares outstanding and stock price. Warrants which do not trade are valued as a percentage of the actively trading common stocks using a model based on Black Scholes.
Certain short-term obligations may be valued using amortized cost, an income approach which converts future cash flows to a present value based upon the discount or premium at purchase.
The Fund’s assets assigned to the Level 3 input category are valued at fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees. To determine fair value, management will utilize the valuation technique that they deem the most appropriate in the circumstances. Securities acquired via private placement that are not yet trading are valued using a market approach for which management has determined that the original transaction price is the best representation of fair value. The original cost may be adjusted for the market movement in an index, ETF or similar security during the period it does not trade.
There were no significant transfers of financial assets between levels 1 and 2 during the period.
The following table reconciles asset balances for the three months ending March 31, 2011, in which significant unobservable inputs (Level 3) were used in determining value:
|
Investments |
|
Balance |
|
Realized |
|
Change in |
|
Purchases |
|
Sales |
|
Transfers |
|
Transfers |
|
Balance |
| ||||||||
|
Equities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Energy & Minerals |
|
$ |
20,000 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
20,000 |
|
|
|
|
$ |
20,000 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
20,000 |
|
> Notes to Statement of Investments (dollar values in thousands)
The information in the above reconciliation table represents fiscal year to date activity for any securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period.
The change in unrealized appreciation (depreciation) attributed to securities owned at March 31, 2011, which were valued using significant unobservable inputs (Level 3) amounted to $0.
(a) Non-income producing security.
(b) An affiliated person of the Fund may include any company in which the Fund owns five percent or more of its outstanding voting shares. Holdings and transactions in these affiliated companies during the three months ended March 31, 2011, are as follows:
|
Affiliates |
|
Balance of |
|
Purchases/ |
|
Sales/ |
|
Balance of |
|
Value |
|
Dividend |
| ||
|
Canacol Energy |
|
36,240,000 |
|
— |
|
1,710,000 |
|
34,530,000 |
|
$ |
53,301 |
|
$ |
— |
|
|
Canadian Overseas Petroleum+ |
|
16,800,000 |
|
36,000,000 |
|
16,800,000 |
|
36,000,000 |
|
15,434 |
|
— |
| ||
|
Canadian Solar |
|
3,200,000 |
|
— |
|
— |
|
3,200,000 |
|
36,064 |
|
— |
| ||
|
Eacom Timber |
|
38,000,000 |
|
— |
|
— |
|
38,000,000 |
|
19,974 |
|
— |
| ||
|
Globalstar |
|
15,000,000 |
|
— |
|
— |
|
15,000,000 |
|
19,050 |
|
— |
| ||
|
IFM Investments (Century 21 China RE) - ADR |
|
2,300,000 |
|
— |
|
— |
|
2,300,000 |
|
8,165 |
|
— |
| ||
|
Petrodorado+ |
|
45,544,000 |
|
6,456,000 |
|
— |
|
52,000,000 |
|
19,090 |
|
— |
| ||
|
Real Goods Solar |
|
1,500,000 |
|
100,000 |
|
— |
|
1,600,000 |
|
4,240 |
|
— |
| ||
|
Sanmina-SCI |
|
7,100,000 |
|
— |
|
— |
|
7,100,000 |
|
79,591 |
|
— |
| ||
|
ShaMaran Petroleum |
|
35,950,000 |
|
2,843,100 |
|
449,200 |
|
38,343,900 |
|
37,968 |
|
— |
| ||
|
Synthesis Energy Systems |
|
4,500,000 |
|
— |
|
73,670 |
|
4,426,330 |
|
12,482 |
|
— |
| ||
|
Tuscany International Drilling* + |
|
13,224,000 |
|
3,622,000 |
|
5,112,000 |
|
11,734,000 |
|
17,204 |
|
— |
| ||
|
VisionChina Media - ADR* |
|
3,675,000 |
|
— |
|
— |
|
3,675,000 |
|
15,913 |
|
— |
| ||
|
WNS - ADR |
|
4,200,000 |
|
— |
|
— |
|
4,200,000 |
|
44,310 |
|
— |
| ||
|
Total of Affiliated Transactions |
|
227,233,000 |
|
49,021,100 |
|
24,144,870 |
|
252,109,230 |
|
$ |
382,786 |
|
$ |
— |
|
* At March 31, 2011, the Fund owned less than five percent of the company’s outstanding voting shares.
+ Includes the effects of a corporate action.
The aggregate cost and value of these affiliated companies at March 31, 2011, were $376,825 and $349,669, respectively. Investments in affiliated companies represented 15.5% of the Fund’s total net assets at March 31, 2011.
(c) All or a portion of this security was on loan at March 31, 2011. The total market value of Fund securities on loan at March 31, 2011 was $25,755.
(d) Denotes a restricted security, which is subject to restrictions on resale under federal securities laws. These securities are valued at a fair value determined in good faith under consistently applied procedures established by the Board of Trustees. At March 31, 2011, the value of these securities amounted to $81,198, which represented 3.60% of total net assets.
Additional information on these securities is as follows:
|
Security |
|
Acquisition |
|
Shares |
|
Cost |
|
Value |
| ||
|
Union Agriculture Group |
|
12/8/10 |
|
9,090,909 |
|
$ |
20,000 |
|
$ |
20,000 |
|
|
Eacom Timber |
|
3/17/10 |
|
38,000,000 |
|
18,812 |
|
19,974 |
| ||
|
Canadian Overseas Petroleum |
|
11/24/10 |
|
24,000,000 |
|
10,260 |
|
13,343 |
| ||
|
Tuscany International Drilling |
|
3/18/10-3/23/10 |
|
7,524,000 |
|
7,524 |
|
11,636 |
| ||
|
Canacol Energy |
|
4/15/10 |
|
4,000,000 |
|
2,963 |
|
6,065 |
| ||
|
Petromanas |
|
5/20/10 |
|
13,125,000 |
|
4,561 |
|
4,444 |
| ||
|
Petrodorado - Warrants |
|
11/20/09 |
|
17,144,000 |
|
2,118 |
|
3,091 |
| ||
|
Canadian Overseas Petroleum - Warrants |
|
11/24/10 |
|
12,000,000 |
|
1,502 |
|
2,091 |
| ||
|
Petromanas - Warrants |
|
5/20/10 |
|
6,562,500 |
|
380 |
|
431 |
| ||
|
Tuscany International Drilling - Warrants |
|
2/12/10 |
|
760,000 |
|
94 |
|
123 |
| ||
|
|
|
|
|
|
|
$ |
68,214 |
|
$ |
81,198 |
|
(e) Investment made with cash collateral received from securities lending activity.
(f) Security exempt from registration under Section 4(2) of the Securities Act of 1933. This security may only be resold in exempt transactions to qualified buyers. Private resales of this security to qualified institutional buyers is also exempt from registration pursuant to Rule 144A under the Securities Act of 1933. At March 31, 2011, this security had an aggregate value of $11,599, which represented 0.5% of net assets.
(g) At March 31, 2011, for federal income tax purposes, the cost of investments was $1,658,775 and net unrealized appreciation was $612,090, consisting of gross unrealized appreciation of $801,287 and gross unrealized depreciation of $189,197.
Columbia Thermostat Fund
Statement of Investments (Unaudited), March 31, 2011
|
Number of Shares |
|
|
|
Value (000) |
| ||
|
|
|
|
|
|
| ||
|
|
|
> Affiliated Stock Funds: 60.3% |
|
|
| ||
|
396 |
|
Columbia Acorn International, Class I |
|
$ |
16,412 |
| |
|
1,199 |
|
Columbia Dividend Income Fund, Class I |
|
16,390 |
| ||
|
390 |
|
Columbia Acorn Fund, Class I |
|
12,444 |
| ||
|
566 |
|
Columbia Marsico Growth Fund, Class I |
|
12,331 |
| ||
|
285 |
|
Columbia Acorn Select, Class I |
|
8,260 |
| ||
|
638 |
|
Columbia Large Cap Enhanced Core Fund, Class I |
|
8,201 |
| ||
|
544 |
|
Columbia Contrarian Core Fund, Class I |
|
8,178 |
| ||
|
Total Stock Funds: (Cost: $62,065) |
|
82,216 |
| ||||
|
|
|
|
|
|
| ||
|
|
|
> Affiliated Bond Funds: 39.4% |
|
|
| ||
|
2,960 |
|
Columbia Intermediate Bond Fund, Class I |
|
26,875 |
| ||
|
1,454 |
|
Columbia U.S. Treasury Index Fund, Class I |
|
16,040 |
| ||
|
1,108 |
|
Columbia Income Opportunities Fund, Class I |
|
10,780 |
| ||
|
Total Bond Funds: (Cost: $53,262) |
|
53,695 |
| ||||
|
|
|
|
|
|
| ||
|
Principal |
|
|
|
|
| ||
|
|
|
|
|
|
| ||
|
Short-Term Obligation: 0.4% |
|
|
| ||||
|
|
|
> Repurchase Agreement: 0.4% |
|
|
| ||
|
$ |
611 |
|
Repurchase Agreement with Fixed Income Clearing Corp., dated 3/31/11, due 4/01/11 at 0.07%, collateralized by a U.S. Government Agency obligation maturing 12/01/17, market value $624 (repurchase proceeds $611) |
|
611 |
| |
|
Total Short-Term Obligation: (Cost: $611) |
|
611 |
| ||||
|
|
|
|
| ||||
|
Total Investments: 100.1% (Cost: $115,938)(a) |
|
136,522 |
| ||||
|
|
|
|
| ||||
|
Cash and Other Assets Less Liabilities: (0.1)% |
|
(198 |
) | ||||
|
|
|
|
| ||||
|
Total Net Assets: 100.0% |
|
$ |
136,324 |
| |||
> Notes to Statement of Investments (dollar values in thousands)
* Security Valuation:
Investments in portfolio funds are valued at their net asset values as reported by the portfolio funds. Short-term investments maturing in 60 days or less are valued at amortized cost, which approximates market value.
Various inputs are used in determining the value of the Fund’s investments, following the input prioritization hierarchy established by GAAP. These inputs are summarized in the three broad levels listed below:
· Level 1 — quoted prices in active markets for identical securities
· Level 2 — prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others)
· Level 3 — prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Examples of the types of securities in which the Fund would typically invest and how they are classified within this hierarchy are as follows. Typical Level 1 securities include exchange traded domestic equities, mutual funds whose NAVs are published each day and exchange traded foreign equities that are not statistically fair valued. Typical Level 2 securities include exchange traded foreign equities that are statistically fair valued, forward foreign currency exchange contracts and short-term investments valued at amortized cost. Additionally, securities fair valued by the Fund’s Valuation Committee that rely on significant observable inputs are also included in level 2. Typical Level 3 securities include any security fair valued by the Fund’s Valuation Committee that relies on significant unobservable inputs.
The following table summarizes the inputs used, as of March 31, 2011, in valuing the Fund’s assets:
|
Investment Type |
|
Quoted Prices |
|
Other |
|
Significant |
|
Total |
| ||||
|
Total Stock Funds |
|
$ |
82,216 |
|
$ |
— |
|
$ |
— |
|
$ |
82,216 |
|
|
Total Bond Funds |
|
53,695 |
|
— |
|
— |
|
53,695 |
| ||||
|
Total Short-Term Obligation |
|
— |
|
611 |
|
— |
|
611 |
| ||||
|
Total Investments |
|
$ |
135,911 |
|
$ |
611 |
|
$ |
— |
|
$ |
136,522 |
|
The Fund’s assets assigned to the Level 2 category include certain short-term obligations generally valued using amortized cost, an income approach which converts future cash flows to a present value based upon the discount or premium at purchase.
There were no significant transfers of financial assets between levels 1 and 2 during the period.
(a) At March 31, 2011, for federal income tax purposes, the cost of investments was $115,938 and net unrealized appreciation was $20,584, consisting of gross unrealized appreciation of $21,138 and gross unrealized depreciation of $554.
Item 2. Controls and Procedures.
(a) The registrant’s principal executive officer and principal financial officers, 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-Q 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 registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 3. Exhibits.
Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.
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 Acorn Trust |
| |
|
|
|
| ||
|
|
|
| ||
|
By (Signature and Title) |
/s/ Charles P. McQuaid |
| ||
|
|
Charles P. McQuaid, President |
| ||
|
|
|
| ||
|
|
|
| ||
|
Date |
|
May 19, 2011 |
| |
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/ Charles P. McQuaid |
| |
|
|
Charles P. McQuaid, President |
| |
|
|
|
| |
|
|
|
| |
|
Date |
|
May 19, 2011 |
|
|
|
|
| |
|
|
|
| |
|
By (Signature and Title) |
/s/ Bruce H. Lauer |
| |
|
|
Bruce H. Lauer, Treasurer |
| |
|
|
|
| |
|
|
|
| |
|
Date |
|
May 19, 2011 |
|
Exhibit 99.CERT
I, Bruce H. Lauer, certify that:
1. I have reviewed this report on Form N-Q of Columbia Acorn Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
Date: |
May 19, 2011 |
/s/ Bruce H. Lauer |
|
|
|
|
|
|
|
Bruce H. Lauer, Treasurer |
I, Charles P. McQuaid, certify that:
1. I have reviewed this report on Form N-Q of Columbia Acorn Trust;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
Date: |
May 19, 2011 |
/s/ Charles P. McQuaid |
|
|
|
|
|
|
|
Charles P. McQuaid, President |