Not FDIC or NCUA Insured •
No Financial Institution Guarantee • May Lose Value
Portfolio of Investments
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
(Percentages represent value of
investments compared to net assets)
Investments in securities
| 2 | Columbia Acorn® Fund | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
| Columbia Acorn® Fund | First Quarter Report 2023 | 3 |
Portfolio of Investments (continued)
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
Columbia Acorn® Fund, March 31, 2023 (Unaudited)
Notes to Portfolio of
Investments
| (a) | Non-income producing investment. |
| (b) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
| Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
| Columbia Short-Term Cash Fund, 4.983% | ||||||||
| 75,773,186 | 251,712,063 | (249,093,222) | 10,463 | 78,402,490 | (11,950) | 794,792 | 78,418,174 | |
| GCM Grosvenor, Inc., Class A | ||||||||
| 24,820,677 | — | — | 652,318 | 25,472,995 | — | 358,775 | 3,261,587 | |
| P3 Health Partners, Inc., Class A | ||||||||
| 4,600,000 | — | — | (1,950,000) | 2,650,000 | — | — | 2,500,000 | |
| Total | 105,193,863 | (1,287,219) | 106,525,485 | (11,950) | 1,153,567 | |||
| (c) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
Abbreviation Legend
| ADR | American Depositary Receipt |
Investments are valued
using policies described in the Notes to Financial Statements in the most recent shareholder report.
| 4 | Columbia Acorn® Fund | First Quarter Report 2023 |
Portfolio of Investments
Columbia Acorn International®, March 31, 2023 (Unaudited)
Columbia Acorn International®, March 31, 2023 (Unaudited)
(Percentages represent value of
investments compared to net assets)
Investments in securities
| Columbia Acorn International® | First Quarter Report 2023 | 5 |
Portfolio of Investments (continued)
Columbia Acorn International®, March 31, 2023 (Unaudited)
Columbia Acorn International®, March 31, 2023 (Unaudited)
At March 31, 2023,
securities and/or cash totaling $452,900 were pledged as collateral.
Investments in
derivatives
| Long futures contracts | ||||||
| Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
| MSCI Emerging Markets Index | 279 | 06/2023 | USD | 13,887,225 | 304,959 | — |
| 6 | Columbia Acorn International® | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn International®, March 31, 2023 (Unaudited)
Columbia Acorn International®, March 31, 2023 (Unaudited)
Notes to Portfolio of
Investments
| (a) | All or a portion of this security was on loan at March 31, 2023. The total market value of securities on loan at March 31, 2023 was $471,108. |
| (b) | Non-income producing investment. |
| (c) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At March 31, 2023, the total value of these securities amounted to $4,158,305, which represents 0.29% of total net assets. |
| (d) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
| (e) | Investment made with cash collateral received from securities lending activity. |
| (f) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
| Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
| Columbia Short-Term Cash Fund, 4.983% | ||||||||
| 10,828,339 | 117,069,373 | (70,999,518) | 7,622 | 56,905,816 | (5,639) | 602,403 | 56,917,199 | |
Abbreviation Legend
| ADR | American Depositary Receipt |
Currency Legend
| USD | US Dollar |
Investments are valued using
policies described in the Notes to Financial Statements in the most recent shareholder report.
| Columbia Acorn International® | First Quarter Report 2023 | 7 |
Portfolio of Investments
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
(Percentages represent value of
investments compared to net assets)
Investments in securities
| 8 | Columbia Acorn USA® | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
| Columbia Acorn USA® | First Quarter Report 2023 | 9 |
Portfolio of Investments (continued)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Notes to Portfolio of
Investments
| (a) | Non-income producing investment. |
| (b) | All or a portion of this security was on loan at March 31, 2023. The total market value of securities on loan at March 31, 2023 was $97,732. |
| (c) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At March 31, 2023, the total value of these securities amounted to $349,500, which represents 0.20% of total net assets. |
| (d) | Denotes a restricted security, which is subject to legal or contractual restrictions on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund’s Board of Trustees. At March 31, 2023, the total market value of these securities amounted to $349,500, which represents 0.20% of total net assets. Additional information on these securities is as follows: |
| Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
| DNA Script | 10/01/2021 | 1,139 | 993,179 | 349,500 |
| (e) | Valuation based on significant unobservable inputs. |
| (f) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
| (g) | Investment made with cash collateral received from securities lending activity. |
| 10 | Columbia Acorn USA® | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Columbia Acorn USA®, March 31, 2023 (Unaudited)
Notes to Portfolio of Investments (continued)
| (h) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
| Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
| Columbia Short-Term Cash Fund, 4.983% | ||||||||
| 4,531,820 | 16,672,764 | (16,621,590) | 169 | 4,583,163 | (307) | 53,871 | 4,584,079 | |
Abbreviation Legend
| ADR | American Depositary Receipt |
Investments are valued using
policies described in the Notes to Financial Statements in the most recent shareholder report.
Fund Reorganization
The Board of Trustees approved an
Agreement and Plan of Reorganization to reorganize the Fund with and into Columbia Acorn® Fund. Pursuant to applicable law (including the 1940 Act) the reorganization was implemented without shareholder approval.
The reorganization occurred on April 21, 2023 and is expected to be a tax-free reorganization for U.S. federal income tax purposes.
| Columbia Acorn USA® | First Quarter Report 2023 | 11 |
Portfolio of Investments
Columbia Acorn International SelectSM, March 31, 2023 (Unaudited)
Columbia Acorn International SelectSM, March 31, 2023 (Unaudited)
(Percentages represent value of
investments compared to net assets)
Investments in securities
| 12 | Columbia Acorn International SelectSM | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn International SelectSM, March 31, 2023 (Unaudited)
Columbia Acorn International SelectSM, March 31, 2023 (Unaudited)
Notes to Portfolio of
Investments
| (a) | Non-income producing investment. |
| (b) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
| (c) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
| Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
| Columbia Short-Term Cash Fund, 4.983% | ||||||||
| 2,143,192 | 22,671,300 | (18,352,952) | 1,455 | 6,462,995 | 20 | 48,428 | 6,464,288 | |
Abbreviation Legend
| ADR | American Depositary Receipt |
Investments are valued using
policies described in the Notes to Financial Statements in the most recent shareholder report.
| Columbia Acorn International SelectSM | First Quarter Report 2023 | 13 |
Portfolio of Investments
Columbia Thermostat FundSM, March 31, 2023 (Unaudited)
Columbia Thermostat FundSM, March 31, 2023 (Unaudited)
(Percentages represent value of
investments compared to net assets)
Investments in securities
| 14 | Columbia Thermostat FundSM | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Thermostat FundSM, March 31, 2023 (Unaudited)
Columbia Thermostat FundSM, March 31, 2023 (Unaudited)
Notes to Portfolio of
Investments
| (a) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
| Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Capital gain distributions($) | Realized gain (loss)($) | Dividends — affiliated issuers ($) | End of period shares |
| Columbia Acorn® Fund, Institutional 3 Class | |||||||||
| 20,526,610 | 28,341,323 | (15,646,106) | 2,092,165 | 35,313,992 | — | 2,072,525 | — | 3,184,310 | |
| Columbia Contrarian Core Fund, Institutional 3 Class | |||||||||
| 30,404,160 | 41,605,244 | (24,360,796) | 5,018,555 | 52,667,163 | — | 513,657 | — | 1,922,159 | |
| Columbia Corporate Income Fund, Institutional 3 Class | |||||||||
| 114,873,896 | 15,134,495 | (31,976,016) | 5,795,508 | 103,827,883 | — | (2,958,090) | 1,073,427 | 11,510,852 | |
| Columbia Diversified Fixed Income Allocation ETF | |||||||||
| 115,127,713 | 15,198,429 | (32,215,498) | 5,878,389 | 103,989,033 | — | (3,002,153) | 596,584 | 5,819,196 | |
| Columbia Emerging Markets Fund, Institutional 3 Class | |||||||||
| 20,889,634 | 28,574,705 | (15,740,931) | 889,754 | 34,613,162 | — | 1,192,125 | — | 2,891,659 | |
| Columbia Large Cap Enhanced Core Fund, Institutional 3 Class | |||||||||
| 30,435,205 | 41,470,532 | (22,492,260) | 3,283,460 | 52,696,937 | — | 1,966,534 | — | 2,336,893 | |
| Columbia Large Cap Index Fund, Institutional 3 Class | |||||||||
| 61,073,643 | 83,110,544 | (46,642,813) | 7,916,048 | 105,457,422 | — | 1,701,626 | — | 2,251,920 | |
| Columbia Quality Income Fund, Institutional 3 Class | |||||||||
| 230,219,391 | 33,432,923 | (68,356,349) | 9,595,312 | 204,891,277 | — | (7,480,137) | 2,027,335 | 11,351,317 | |
| Columbia Research Enhanced Core ETF | |||||||||
| 20,231,103 | 27,979,413 | (14,444,161) | 1,363,961 | 35,130,316 | — | 1,169,898 | — | 1,462,922 | |
| Columbia Select Mid Cap Value Fund, Institutional 3 Class | |||||||||
| 20,582,824 | 29,766,266 | (15,172,633) | (22,526) | 35,153,931 | — | 1,233,705 | 95,471 | 2,944,215 | |
| Columbia Short Term Bond Fund, Institutional 3 Class | |||||||||
| 172,099,694 | 26,282,093 | (48,465,764) | 3,054,284 | 152,970,307 | — | (1,461,487) | 1,713,907 | 16,187,334 | |
| Columbia Short-Term Cash Fund, 4.983% | |||||||||
| 3,993,005 | 43,677,544 | (45,654,289) | — | 2,016,260 | — | 1,522 | 62,942 | 2,016,664 | |
| Columbia Total Return Bond Fund, Institutional 3 Class | |||||||||
| 114,885,482 | 14,804,946 | (33,046,756) | 6,330,133 | 102,973,805 | — | (3,398,683) | 780,150 | 3,365,157 | |
| Columbia U.S. Treasury Index Fund, Institutional 3 Class | |||||||||
| 401,455,944 | 58,403,993 | (117,016,121) | 15,652,228 | 358,496,044 | — | (7,535,315) | 2,217,196 | 35,043,602 | |
| Total | 1,356,798,304 | 66,847,271 | 1,380,197,532 | — | (15,984,273) | 8,567,012 | |||
| (b) | Non-income producing investment. |
| (c) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
Investments are valued using
policies described in the Notes to Financial Statements in the most recent shareholder report.
| Columbia Thermostat FundSM | First Quarter Report 2023 | 15 |
Portfolio of Investments
Columbia Acorn European FundSM, March 31, 2023 (Unaudited)
Columbia Acorn European FundSM, March 31, 2023 (Unaudited)
(Percentages represent value of
investments compared to net assets)
Investments in securities
| 16 | Columbia Acorn European FundSM | First Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia Acorn European FundSM, March 31, 2023 (Unaudited)
Columbia Acorn European FundSM, March 31, 2023 (Unaudited)
| Money Market Funds 1.4% | ||
| Shares | Value ($) | |
| Columbia Short-Term Cash Fund, 4.983%(f),(g) | 981,623 | 981,427 |
| Total Money Market Funds (Cost $981,132) | 981,427 | |
| Total Investments in Securities (Cost $49,145,233) | 67,399,297 | |
| Other Assets & Liabilities, Net | 261,804 | |
| Net Assets | $67,661,101 | |
Notes to Portfolio of
Investments
| (a) | Non-income producing investment. |
| (b) | Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At March 31, 2023, the total value of these securities amounted to $407,370, which represents 0.60% of total net assets. |
| (c) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At March 31, 2023, the total value of these securities amounted to $0, which represents less than 0.01% of total net assets. |
| (d) | Denotes a restricted security, which is subject to legal or contractual restrictions on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund’s Board of Trustees. At March 31, 2023, the total market value of these securities amounted to $0, which represents less than 0.01% of total net assets. Additional information on these securities is as follows: |
| Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
| TCS Group Holding PLC GDR | 01/22/2021—03/02/2021 | 17,858 | 784,598 | — |
| (e) | Valuation based on significant unobservable inputs. |
| (f) | The rate shown is the seven-day current annualized yield at March 31, 2023. |
| (g) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended March 31, 2023 are as follows: |
| Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
| Columbia Short-Term Cash Fund, 4.983% | ||||||||
| 1,602,880 | 5,392,560 | (6,014,274) | 261 | 981,427 | 123 | 17,255 | 981,623 | |
Abbreviation Legend
| GDR | Global Depositary Receipt |
Investments are valued using
policies described in the Notes to Financial Statements in the most recent shareholder report.
| Columbia Acorn European FundSM | First Quarter Report 2023 | 17 |
You may at any time request, free
of charge, to receive a paper copy of this report by calling 800.345.6611.
1QT110_12_N01_(05/23)