NPORT-EX 2 nportpoi_16800.htm
Portfolio of Investments
Columbia Adaptive Risk Allocation Fund, August 31, 2021 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Alternative Strategies Funds 11.0%
  Shares Value ($)
Columbia Commodity Strategy Fund, Institutional 3 Class(a) 21,703,472 488,762,189
Total Alternative Strategies Funds
(Cost $410,527,912) 		488,762,189
Common Stocks 11.1%
Issuer Shares Value ($)
Consumer Discretionary 0.2%
Hotels, Restaurants & Leisure 0.2%
Marriott International, Inc., Class A(b) 39,734 5,369,653
Total Consumer Discretionary 5,369,653
Real Estate 10.9%
Equity Real Estate Investment Trusts (REITS) 10.9%
Alexandria Real Estate Equities, Inc. 124,253 25,642,092
American Homes 4 Rent, Class A 409,245 17,163,735
American Tower Corp. 61,071 17,843,114
Americold Realty Trust 245,745 9,028,671
AvalonBay Communities, Inc. 94,130 21,610,365
Brixmor Property Group, Inc. 209,070 4,902,692
Camden Property Trust 73,962 11,097,258
Centerspace 113,319 11,465,616
Coresite Realty Corp. 68,177 10,115,422
Corporate Office Properties Trust 200,009 5,636,254
CyrusOne, Inc. 40,601 3,125,465
Duke Realty Corp. 430,088 22,583,921
Equinix, Inc. 32,172 27,135,473
Equity LifeStyle Properties, Inc. 298,941 25,430,911
Extra Space Storage, Inc. 88,175 16,480,789
Federal Realty Investment Trust 165,077 20,101,426
First Industrial Realty Trust, Inc. 346,201 19,383,794
Four Corners Property Trust, Inc. 147,153 4,210,047
Gaming and Leisure Properties, Inc. 392,680 19,359,124
Healthpeak Properties, Inc. 340,310 12,251,160
Highwoods Properties, Inc. 175,678 8,026,728
Host Hotels & Resorts, Inc.(b) 768,623 12,728,397
Invitation Homes, Inc. 552,299 22,743,673
Life Storage, Inc. 171,761 21,373,939
Medical Properties Trust, Inc. 648,271 13,276,590
Common Stocks (continued)
Issuer Shares Value ($)
National Storage Affiliates Trust 150,550 8,618,988
Prologis, Inc. 157,944 21,268,739
SITE Centers Corp. 344,443 5,548,977
STORE Capital Corp. 451,401 16,282,034
Sun Communities, Inc. 73,696 14,849,007
Tanger Factory Outlet Centers, Inc. 452,634 7,568,040
Welltower, Inc. 321,403 28,132,405
Total   484,984,846
Total Real Estate 484,984,846
Total Common Stocks
(Cost $442,717,743) 		490,354,499
    
Foreign Government Obligations(c),(d) 7.1%
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Austria 0.5%
Republic of Austria Government Bond(e)
10/20/2026 0.750% EUR 16,650,000 21,013,160
Belgium 0.3%
Kingdom of Belgium Government Bond(e)
03/28/2035 5.000% EUR 6,842,000 13,409,236
Chile 1.0%
Bonos de la Tesoreria de la Republica en pesos
03/01/2026 4.500% CLP 22,545,000,000 29,795,077
Bonos de la Tesoreria de la Republica en pesos(e)
09/01/2030 4.700% CLP 11,315,000,000 14,617,405
Total 44,412,482
China 0.3%
China Government Bond
11/21/2029 3.130% CNY 38,350,000 6,017,528
05/21/2030 2.680% CNY 52,200,000 7,905,531
Total 13,923,059
France 0.7%
French Republic Government Bond OAT(e),(f)
11/25/2030 0.000% EUR 17,006,000 20,317,067
11/25/2031 0.000% EUR 9,799,000 11,606,890
French Republic Government Bond OAT(e)
05/25/2045 3.250% EUR 464 877
Total 31,924,834
Columbia Adaptive Risk Allocation Fund  | Quarterly Report 2021
1
Portfolio of Investments   (continued)
Columbia Adaptive Risk Allocation Fund, August 31, 2021 (Unaudited)
Foreign Government Obligations(c),(d) (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Japan 1.2%
Japan Government 20-Year Bond
06/20/2040 0.400% JPY 3,168,000,000 28,947,825
Japan Government 30-Year Bond
06/20/2050 0.600% JPY 2,593,000,000 23,425,487
Total 52,373,312
Mexico 0.6%
Mexican Bonos
05/31/2029 8.500% MXN 287,063,300 15,646,043
Mexico Government International Bond
05/29/2031 7.750% MXN 250,400,000 13,143,380
Total 28,789,423
Netherlands 0.5%
Netherlands Government Bond(e)
07/15/2026 0.500% EUR 17,660,000 22,037,280
Poland 0.7%
Republic of Poland Government Bond
07/25/2026 2.500% PLN 68,777,000 19,085,078
10/25/2029 2.750% PLN 42,319,000 12,047,679
Total 31,132,757
Spain 0.8%
Spain Government Bond(e),(f)
01/31/2028 0.000% EUR 11,476,000 13,653,637
Spain Government Bond(e)
04/30/2030 0.500% EUR 15,215,000 18,542,789
07/30/2041 4.700% EUR 1,470,000 2,936,285
Total 35,132,711
United Kingdom 0.5%
United Kingdom Gilt(e)
10/22/2028 1.625% GBP 10,885,000 16,180,830
01/22/2045 3.500% GBP 3,257,133 6,738,966
Total 22,919,796
Total Foreign Government Obligations
(Cost $319,130,249) 		317,068,050
Inflation-Indexed Bonds(c) 15.1%
Australia 0.4%
Australia Government Bond(e)
11/21/2027 0.750% AUD 4,265,304 3,496,447
08/21/2035 2.000% AUD 3,435,323 3,404,939
08/21/2040 1.250% AUD 2,106,692 1,946,872
Inflation-Indexed Bonds(c) (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Australia Government Index-Linked Bond(e)
09/20/2025 3.000% AUD 10,152,238 8,814,229
Total 17,662,487
Canada 0.9%
Canadian Government Real Return Bond
12/01/2026 4.250% CAD 17,602,240 18,027,008
12/01/2031 4.000% CAD 7,832,635 9,188,490
12/01/2036 3.000% CAD 5,336,579 6,285,522
12/01/2041 2.000% CAD 4,804,507 5,315,313
Total 38,816,333
France 1.2%
France Government Bond OAT(e)
07/25/2030 0.700% EUR 12,906,931 18,779,809
07/25/2032 3.150% EUR 9,111,456 16,851,811
French Republic Government Bond OAT(e)
07/25/2024 0.250% EUR 7,846,240 9,933,191
07/25/2040 1.800% EUR 3,901,291 7,643,178
Total 53,207,989
Germany 0.2%
Bundesrepublik Deutschland Bundesobligation Inflation-Linked Bond(e)
04/15/2030 0.500% EUR 5,289,660 7,707,852
Italy 0.3%
Italy Buoni Poliennali Del Tesoro(e)
09/15/2026 3.100% EUR 3,206,087 4,663,487
05/15/2028 1.300% EUR 2,789,308 3,810,241
09/15/2035 2.350% EUR 984,135 1,616,299
09/15/2041 2.550% EUR 683,915 1,241,680
Total 11,331,707
Japan 0.5%
Japanese Government CPI-Linked Bond
03/10/2026 0.100% JPY 800,671,040 7,413,828
03/10/2027 0.100% JPY 1,531,719,024 14,270,925
03/10/2028 0.100% JPY 252,482,500 2,356,230
Total 24,040,983
Mexico 0.3%
Mexican Udibonos
11/30/2028 4.000% MXN 236,011,669 12,926,721
Spain 0.1%
Spain Government Inflation-Linked Bond(e)
11/30/2033 0.700% EUR 4,205,240 6,081,200
 
2 Columbia Adaptive Risk Allocation Fund  | Quarterly Report 2021
Portfolio of Investments   (continued)
Columbia Adaptive Risk Allocation Fund, August 31, 2021 (Unaudited)
Inflation-Indexed Bonds(c) (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
United Kingdom 4.7%
United Kingdom Gilt Inflation-Linked Bond(e)
03/22/2024 0.125% GBP 8,850,944 13,297,599
03/22/2029 0.125% GBP 12,631,442 22,039,363
03/22/2034 0.750% GBP 12,362,668 26,035,196
11/22/2037 1.125% GBP 10,122,145 24,734,523
03/22/2044 0.125% GBP 10,681,657 26,137,647
03/22/2052 0.250% GBP 12,147,452 36,339,658
11/22/2056 0.125% GBP 8,884,191 28,528,629
11/22/2065 0.125% GBP 4,991,392 19,806,362
03/22/2068 0.125% GBP 2,308,304 9,890,335
Total 206,809,312
United States 6.5%
U.S. Treasury Inflation-Indexed Bond
01/15/2022 0.125%   24,279,695 24,563,921
01/15/2024 0.625%   48,024,587 51,450,842
01/15/2025 0.250%   35,571,571 38,442,296
07/15/2027 0.375%   24,013,118 27,040,468
01/15/2028 0.500%   22,477,698 25,489,193
07/15/2028 0.750%   12,866,251 14,936,161
01/15/2029 0.875%   20,806,805 24,396,541
07/15/2029 0.250%   17,807,280 20,103,675
07/15/2030 0.125%   8,978,753 10,067,206
04/15/2032 3.375%   7,405,430 11,040,872
02/15/2042 0.750%   9,853,668 12,280,378
02/15/2043 0.625%   9,529,551 11,635,153
02/15/2045 0.750%   7,496,174 9,465,553
02/15/2048 1.000%   6,950,028 9,510,471
Total 290,422,730
Total Inflation-Indexed Bonds
(Cost $590,655,718) 		669,007,314
    
Multi-Asset/Tactical Strategies Funds 0.2%
  Shares Value ($)
Columbia Solutions Aggressive Portfolio(a) 97,417 1,315,124
Columbia Solutions Conservative Portfolio(a) 629,542 6,887,186
Total Multi-Asset/Tactical Strategies Funds
(Cost $7,827,906) 		8,202,310
Residential Mortgage-Backed Securities - Agency 4.9%
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Government National Mortgage Association TBA(g)
09/21/2051 3.000%   18,750,000 19,601,074
09/21/2051 3.500%   19,050,000 20,047,148
09/21/2051 4.000%   16,520,000 17,490,550
Uniform Mortgage-Backed Security TBA(g)
09/16/2036 2.500%   12,248,328 12,807,692
09/16/2036-
09/14/2051 		3.000%   35,300,000 36,973,229
09/14/2051 3.500%   35,230,000 37,266,734
09/14/2051 4.000%   36,000,000 38,561,423
09/14/2051 4.500%   33,800,000 36,547,291
Total Residential Mortgage-Backed Securities - Agency
(Cost $219,114,274) 		219,295,141
U.S. Treasury Obligations 5.5%
U.S. Treasury
07/31/2026 0.625%   45,850,000 45,534,781
06/30/2028 1.250%   33,248,000 33,658,405
05/15/2029 2.375%   28,507,000 31,103,810
08/15/2029 1.625%   28,483,500 29,493,774
11/15/2029 1.750%   27,519,000 28,761,655
08/15/2030 0.625%   26,810,000 25,398,286
11/15/2030 0.875%   25,851,000 24,986,607
02/15/2031 1.125%   24,922,000 24,591,005
Total U.S. Treasury Obligations
(Cost $244,142,241) 		243,528,323
    
Money Market Funds 28.8%
  Shares Value ($)
Columbia Short-Term Cash Fund, 0.061%(a),(h) 1,281,184,397 1,281,056,279
Total Money Market Funds
(Cost $1,281,056,279) 		1,281,056,279
Total Investments in Securities
(Cost: $3,515,172,322) 		3,717,274,105
Other Assets & Liabilities, Net   725,132,490
Net Assets 4,442,406,595
 
At August 31, 2021, securities and/or cash totaling $202,475,743 were pledged as collateral.
Investments in derivatives
Forward foreign currency exchange contracts
Currency to
be sold 		Currency to
be purchased 		Counterparty Settlement
date 		Unrealized
appreciation ($) 		Unrealized
depreciation ($)
68,622,000 CNY 10,559,180 USD Citi 09/15/2021 — (50,983)
467,493,300 EUR 551,534,156 USD Citi 09/15/2021 — (610,493)
142,000,000,000 IDR 9,861,111 USD Citi 09/15/2021 — (97,775)
Columbia Adaptive Risk Allocation Fund  | Quarterly Report 2021
3
Portfolio of Investments   (continued)
Columbia Adaptive Risk Allocation Fund, August 31, 2021 (Unaudited)
Forward foreign currency exchange contracts (continued)
Currency to
be sold 		Currency to
be purchased 		Counterparty Settlement
date 		Unrealized
appreciation ($) 		Unrealized
depreciation ($)
741,000 MXN 37,190 USD Citi 09/15/2021 363 —
100,613,000 PLN 26,009,886 USD Citi 09/15/2021 — (259,601)
48,056,488 USD 966,613,000 MXN Citi 09/15/2021 — (16,129)
35,978,600,000 CLP 46,382,107 USD Goldman Sachs International 09/15/2021 — (86,486)
76,658,420,000 IDR 5,316,118 USD Goldman Sachs International 09/15/2021 — (60,167)
203,026,097 GBP 281,075,428 USD HSBC 09/15/2021 1,934,441 —
28,882,178,280 JPY 264,538,474 USD HSBC 09/15/2021 1,977,667 —
8,839,558,000 JPY 80,353,701 USD HSBC 09/15/2021 — (4,555)
1,820,379,000 MXN 91,318,933 USD HSBC 09/15/2021 846,675 —
31,999,000 NOK 3,622,181 USD HSBC 09/15/2021 — (58,358)
13,869,000 NZD 9,750,600 USD HSBC 09/15/2021 — (22,190)
191,737,000 PLN 49,470,814 USD HSBC 09/15/2021 — (590,635)
132,688,000 SEK 15,381,545 USD HSBC 09/15/2021 3,810 —
112,694,000 SEK 13,058,794 USD HSBC 09/15/2021 — (1,757)
4,652,000 SGD 3,460,074 USD HSBC 09/15/2021 1 —
5,586,000 SGD 4,124,329 USD HSBC 09/15/2021 — (30,436)
95,266,225 USD 80,669,000 EUR HSBC 09/15/2021 9,914 —
32,714,977 USD 289,010,000 NOK HSBC 09/15/2021 527,080 —
502,293 USD 4,333,000 SEK HSBC 09/15/2021 — (124)
13,870,000 ZAR 938,811 USD HSBC 09/15/2021 — (14,244)
60,706,378 USD 6,677,202,000 JPY JPMorgan 09/15/2021 — (5,571)
44,389,850 USD 170,021,000 PLN JPMorgan 09/15/2021 1,674 —
64,179,000 AUD 47,350,079 USD Morgan Stanley 09/15/2021 396,038 —
32,878,000 AUD 24,049,599 USD Morgan Stanley 09/15/2021 — (4,296)
51,325,000 CAD 41,025,640 USD Morgan Stanley 09/15/2021 345,624 —
40,869,000 CAD 32,392,365 USD Morgan Stanley 09/15/2021 — (262)
98,156,000 CHF 107,236,050 USD Morgan Stanley 09/15/2021 12,027 —
130,206,000 DKK 20,671,147 USD Morgan Stanley 09/15/2021 — (7,103)
51,841,000 GBP 71,861,523 USD Morgan Stanley 09/15/2021 585,228 —
169,902,000 HKD 21,838,772 USD Morgan Stanley 09/15/2021 — (7,446)
32,667,840 USD 40,869,000 CAD Morgan Stanley 09/15/2021 — (275,213)
28,211,000 CNY 4,343,829 USD Standard Chartered 09/15/2021 — (18,085)
12,692,856 USD 9,230,000 GBP UBS 09/15/2021 — (2,511)
Total       6,640,542 (2,224,420)
    
Long futures contracts
Description Number of
contracts 		Expiration
date 		Trading
currency 		Notional
amount 		Value/Unrealized
appreciation ($) 		Value/Unrealized
depreciation ($)
Canadian Government 10-Year Bond 174 12/2021 CAD 25,426,620 — (92,822)
Euro-Bobl 119 09/2021 EUR 16,061,430 — (55,300)
Euro-BTP 195 09/2021 EUR 29,891,550 — (224,436)
Euro-Bund 76 09/2021 EUR 13,334,200 — (100,620)
Euro-OAT 131 09/2021 EUR 21,114,580 — (139,990)
Japanese 10-Year Government Bond 14 09/2021 JPY 2,130,240,000 — (17,593)
Long Gilt 125 12/2021 GBP 16,030,000 — (136,047)
MSCI EAFE Index 6,358 09/2021 USD 747,541,850 6,925,022 —
MSCI Emerging Markets Index 7,102 09/2021 USD 461,345,920 — (11,789,071)
S&P 500 Index E-mini 8,066 09/2021 USD 1,823,117,650 48,550,809 —
S&P/TSX 60 Index 452 09/2021 CAD 111,182,960 982,905 —
TOPIX Index 247 09/2021 JPY 4,852,315,000 478,609 —
U.S. Treasury 10-Year Note 1,378 12/2021 USD 183,898,406 338,765 —
U.S. Treasury 5-Year Note 931 12/2021 USD 115,182,156 260,011 —
U.S. Ultra Bond 10-Year Note 86 12/2021 USD 12,729,344 33,334 —
Total         57,569,455 (12,555,879)
    
4 Columbia Adaptive Risk Allocation Fund  | Quarterly Report 2021
Portfolio of Investments   (continued)
Columbia Adaptive Risk Allocation Fund, August 31, 2021 (Unaudited)
Cleared credit default swap contracts - sell protection
Reference
entity 		Counterparty Maturity
date 		Receive
fixed
rate
(%) 		Payment
frequency 		Implied
credit
spread
(%)* 		Notional
currency 		Notional
amount 		Value
($) 		Upfront
payments
($) 		Upfront
receipts
($) 		Unrealized
appreciation
($) 		Unrealized
depreciation
($)
Markit CDX Emerging Markets Index, Series 35 Morgan Stanley 06/20/2026 1.000 Quarterly 1.518 USD 568,910,000 2,354,758 — — 2,354,758 —
Markit CDX North America High Yield Index, Series 36 Morgan Stanley 06/20/2026 5.000 Quarterly 2.772 USD 843,646,000 15,021,928 — — 15,021,928 —
Markit CDX North America Investment Grade Index, Series 36 Morgan Stanley 06/20/2026 1.000 Quarterly 0.465 USD 368,350,000 846,575 — — 846,575 —
Markit iTraxx Europe Crossover Index, Series 35 Morgan Stanley 06/20/2026 5.000 Quarterly 2.283 EUR 100,340,000 (8,815) — — — (8,815)
Total               18,214,446 — — 18,223,261 (8,815)
* Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
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 August 31, 2021 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 Commodity Strategy Fund, Institutional 3 Class
  373,852,606 195,000,000 (70,316,212) (9,774,205) 488,762,189 — 30,071,788 — 21,703,472
Columbia Short-Term Cash Fund, 0.061%
  1,427,191,383 2,109,791,367 (2,255,939,237) 12,766 1,281,056,279 — (12,765) 220,097 1,281,184,397
Columbia Solutions Aggressive Portfolio
  1,244,985 — — 70,139 1,315,124 — — — 97,417
Columbia Solutions Conservative Portfolio
  6,754,982 — — 132,204 6,887,186 — — — 629,542
Total 1,809,043,956     (9,559,096) 1,778,020,778 — 30,059,023 220,097  
    
(b) Non-income producing investment.
(c) Principal amounts are denominated in United States Dollars unless otherwise noted.
(d) Principal and interest may not be guaranteed by a governmental entity.
(e) Represents 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 August 31, 2021, the total value of these securities amounted to $463,854,969, which represents 10.44% of total net assets.
(f) Zero coupon bond.
(g) Represents a security purchased on a when-issued basis.
(h) The rate shown is the seven-day current annualized yield at August 31, 2021.
Abbreviation Legend
TBA To Be Announced
Columbia Adaptive Risk Allocation Fund  | Quarterly Report 2021
5
Portfolio of Investments   (continued)
Columbia Adaptive Risk Allocation Fund, August 31, 2021 (Unaudited)
Currency Legend
AUD Australian Dollar
CAD Canada Dollar
CHF Swiss Franc
CLP Chilean Peso
CNY China Yuan Renminbi
DKK Danish Krone
EUR Euro
GBP British Pound
HKD Hong Kong Dollar
IDR Indonesian Rupiah
JPY Japanese Yen
MXN Mexican Peso
NOK Norwegian Krone
NZD New Zealand Dollar
PLN Polish Zloty
SEK Swedish Krona
SGD Singapore Dollar
USD US Dollar
ZAR South African Rand
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
6 Columbia Adaptive Risk Allocation Fund  | Quarterly Report 2021
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1QT214_05_L01_(10/21)