NPORT-EX 2 nportpoi_669000.htm
Consolidated Portfolio of Investments
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Asset-Backed Securities — Non-Agency 7.7%
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Ares XLIII CLO Ltd.(a),(b)
Series 2017-43A Class ER
3-month USD LIBOR + 6.860%
Floor 6.860%
07/15/2034 		6.961%   1,000,000 993,506
ARES XLIV CLO Ltd.(a),(b)
Series 2017-44A Class DR
3-month USD LIBOR + 6.870%
Floor 6.870%
04/15/2034 		7.032%   1,500,000 1,501,041
ARES XLVII CLO Ltd.(a),(b)
Series 2018-47A Class B
3-month USD LIBOR + 1.450%
Floor 1.450%
04/15/2030 		1.576%   2,500,000 2,489,665
Avant Loans Funding Trust(a)
Series 2019-B Class B
10/15/2026 3.150%   826,196 829,093
Series 2019-B Class C
10/15/2026 4.540%   3,000,000 3,035,012
Series 2020-REV1 Class B
05/15/2029 2.680%   496,000 498,784
Bain Capital Credit CLO Ltd.(a),(b)
Series 2020-3A Class E
3-month USD LIBOR + 7.500%
Floor 7.500%
10/23/2032 		7.638%   1,000,000 1,001,307
Series 2020-4A Class E
3-month USD LIBOR + 7.950%
Floor 7.950%
10/20/2033 		8.084%   900,000 896,429
Ballyrock CLO Ltd.(a),(b)
Series 2020-2A Class C
3-month USD LIBOR + 3.770%
Floor 3.770%
10/20/2031 		3.979%   500,000 500,356
Series 2020-2A Class D
3-month USD LIBOR + 7.630%
Floor 7.630%
10/20/2031 		7.839%   500,000 500,416
Barings CLO Ltd.(a),(b)
Series 2019-3A Class ER
3-month USD LIBOR + 6.700%
Floor 6.700%
04/20/2031 		6.834%   750,000 750,037
Asset-Backed Securities — Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Carlyle Global Market Strategies(a),(b)
Series 2021-5A Class E
3-month USD LIBOR + 6.250%
Floor 6.250%
07/20/2034 		6.400%   1,000,000 1,000,274
Carlyle US CLO Ltd.(a),(b)
Series 2016-4A Class A2R
3-month USD LIBOR + 1.450%
Floor 1.450%
10/20/2027 		1.584%   3,100,000 3,097,672
Series 2020-2A Class D
3-month USD LIBOR + 7.400%
Floor 7.400%
10/25/2031 		7.574%   990,000 990,065
Conn’s Receivables Funding LLC(a)
Series 2019-B Class B
06/17/2024 3.620%   88,023 88,038
Consumer Loan Underlying Bond Credit Trust(a),(c),(d),(e)
Subordinated Series 2018-P1 Class CERT
07/15/2025 0.000%   100,000 1,050,000
Subordinated Series 2018-P2 Class CERT
10/15/2025 0.000%   100,000 975,000
Consumer Underlying Bond Securitization(a)
Series 2018-1 Class A
02/17/2026 4.790%   241,701 244,561
Dryden 86 CLO Ltd.(a),(b)
Series 2020-86A Class ER
3-month USD LIBOR + 6.500%
Floor 6.500%
07/17/2034 		6.634%   1,400,000 1,400,399
ENVA LLC(a)
Series 2019-A Class B
06/22/2026 6.170%   186,321 187,419
Series 2019-A Class C
06/22/2026 7.620%   500,000 516,457
Exeter Automobile Receivables Trust
Subordinated Series 2020-3A Class E
08/17/2026 3.440%   800,000 827,195
Subordinated Series 2020-3A Class F
06/15/2027 5.560%   500,000 525,515
Exeter Automobile Receivables Trust(a)
Subordinated Series 2021-2A Class E
07/17/2028 2.900%   900,000 902,026
Freed ABS Trust(a)
Subordinated Series 2021-1CP Class C
03/20/2028 2.830%   700,000 708,819
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
1
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Asset-Backed Securities — Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
LendingClub Receivables Trust(a)
Series 2019-3 Class A
10/15/2025 3.750%   747,740 760,690
Series 2019-5 Class A
12/15/2045 3.750%   795,911 807,649
Series 2019-7 Class A
01/15/2027 3.750%   336,537 340,069
Series 2020-T1 Class A
02/15/2046 3.500%   418,825 419,969
LendingClub Receivables Trust(a),(c),(d),(e)
Series 2020-2 Class R
02/15/2046 0.000%   85,000 697,000
LendingClub Receivables Trust(a),(d),(e)
Series 2020-JPSL Class R
02/15/2025 0.000%   50,000 1,367,000
Lendingpoint Asset Securitization Trust(a)
Subordinated Series 2019-2 Class C
11/10/2025 4.660%   941,605 947,651
Subordinated Series 2021-A Class C
12/15/2028 2.750%   2,000,000 2,006,679
LendingPoint Asset Securitization Trust(a),(c),(e)
Subordinated Series 2021-1 Class C
04/15/2027 4.935%   1,150,000 1,154,370
Subordinated Series 2021-1 Class D
04/15/2027 7.226%   1,000,000 1,002,100
Madison Park Funding XLVII Ltd.(a),(b)
Series 2020-47A Class E
3-month USD LIBOR + 7.460%
Floor 7.460%
01/19/2034 		7.706%   500,000 503,073
Madison Park Funding XXIV Ltd.(a),(b)
Series 2016-24A Class BR
3-month USD LIBOR + 1.750%
10/20/2029 		1.884%   7,000,000 7,001,029
Marlette Funding Trust(a)
Series 2021-1A Class D
06/16/2031 2.470%   100,000 101,166
Octagon Investment Partners 47 Ltd.(a),(b)
Series 2020-1A Class ER
3-month USD LIBOR + 6.250%
Floor 6.250%
07/20/2034 		6.384%   750,000 736,326
Pagaya AI Debt Selection Trust(a)
Series 2019-3 Class B
11/16/2026 5.625%   1,100,000 1,123,173
Series 2021-2 Class NOTE
01/25/2029 3.000%   970,558 970,484
Asset-Backed Securities — Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Pagaya AI Debt Selection Trust(a),(e)
Series 2020-2 Class NOTE
12/15/2027 7.500%   645,116 646,124
Pagaya AI Debt Selection Trust(a),(c),(d),(e)
Series 2020-3 Class CERT
05/17/2027 0.000%   3,200,000 3,024,000
Series 2021-1 Class CERT
11/15/2027 0.000%   1,846,200 3,000,075
Palmer Square Loan Funding Ltd.(a),(b)
Series 2020-4A Class D
3-month USD LIBOR + 7.050%
Floor 7.050%
11/25/2028 		7.179%   1,000,000 1,001,766
Prosper Pass-Through Trust(a),(e)
Series 2019-ST2 Class A
11/15/2025 3.750%   698,368 701,860
RR 16 Ltd.(a),(b)
Series 2021-16A Class D
3-month USD LIBOR + 6.250%
Floor 6.250%
07/15/2036 		6.331%   1,000,000 1,000,772
SoFi Consumer Loan Program LLC(a),(c),(d),(e)
Series 2016-4 Class R
11/25/2025 0.000%   100,000 1,025,372
Theorem Funding Trust(a)
Series 2020-1A Class C
10/15/2026 6.250%   2,300,000 2,390,468
Subordinated Series 2021-1A Class B
12/15/2027 1.840%   1,000,000 1,000,213
Upgrade Receivables Trust(a)
Subordinated Series 2019-2A Class C
10/15/2025 4.450%   1,696,363 1,709,619
Upstart Pass-Through Trust(a),(e)
Series 2020-ST4 Class A
11/20/2026 3.250%   729,439 729,439
Upstart Pass-Through Trust(a)
Series 2021-ST1 Class A
02/20/2027 2.750%   615,687 621,107
Series 2021-ST7 Class A
09/20/2029 1.850%   500,000 500,057
Upstart Securitization Trust(a)
Subordinated Series 2019-1 Class C
04/20/2026 5.130%   694,252 701,848
US Auto Funding(a)
Subordinated Series 2021-1A Class D
03/15/2027 4.360%   1,125,000 1,120,370
 
2 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Asset-Backed Securities — Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Westlake Automobile Receivables Trust(a)
Series 2020-3A Class E
06/15/2026 3.340%   750,000 775,382
Total Asset-Backed Securities — Non-Agency
(Cost $66,817,233) 		65,395,986
Commercial Mortgage-Backed Securities - Agency 0.1%
Government National Mortgage Association(f),(g)
Series 2019-102 Class IB
03/16/2060 0.838%   1,600,679 114,340
Series 2019-109 Class IO
04/16/2060 0.809%   3,581,673 256,072
Series 2019-131 Class IO
07/16/2061 0.891%   3,644,885 246,484
Series 2020-19 Class IO
12/16/2061 0.835%   2,202,333 180,302
Series 2020-3 Class IO
02/16/2062 0.782%   2,487,127 171,756
Total Commercial Mortgage-Backed Securities - Agency
(Cost $1,579,926) 		968,954
Commercial Mortgage-Backed Securities - Non-Agency 5.7%
BAMLL Commercial Mortgage Securities Trust(a),(f)
Subordinated Series 2013-WBRK Class E
03/10/2037 3.652%   500,000 416,706
BAMLL Commercial Mortgage Securities Trust(a),(b)
Subordinated Series 2018-DSNY Class D
1-month USD LIBOR + 1.700%
Floor 1.700%
09/15/2034 		1.796%   2,065,000 2,057,223
Subordinated Series 2019-RLJ Class C
1-month USD LIBOR + 1.600%
Floor 1.600%
04/15/2036 		1.696%   1,250,000 1,240,819
BBCMS Trust(a),(b)
Series 2018-BXH Class A
1-month USD LIBOR + 1.000%
Floor 1.000%
10/15/2037 		1.096%   207,394 207,597
Subordinated Series 2018-BXH Class F
1-month USD LIBOR + 2.950%
Floor 2.950%
10/15/2037 		3.046%   1,500,000 1,440,999
BFLD Trust(a),(b)
Series 2019-DPLO Class F
1-month USD LIBOR + 2.540%
Floor 2.540%
10/15/2034 		2.636%   300,000 294,869
Commercial Mortgage-Backed Securities - Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Series 2019-DPLO Class G
1-month USD LIBOR + 3.190%
Floor 3.190%
10/15/2034 		3.286%   1,000,000 972,229
Braemar Hotels & Resorts Trust(a),(b)
Series 2018-PRME Class E
1-month USD LIBOR + 2.400%
Floor 2.400%
06/15/2035 		2.496%   1,000,000 963,079
BX Commercial Mortgage Trust(a),(b)
Subordinated Series 2021-MFM1 Class F
1-month USD LIBOR + 3.000%
Floor 3.000%
01/15/2034 		3.096%   500,000 503,124
Subordinated Series 2021-MFM1 Class G
1-month USD LIBOR + 3.900%
Floor 3.900%
01/15/2034 		3.996%   100,000 99,940
BX Trust(a),(b)
Series 2018-GW Class F
1-month USD LIBOR + 2.420%
Floor 2.420%
05/15/2035 		2.516%   500,000 498,908
BX Trust(a)
Series 2019-OC11 Class A
12/09/2041 3.202%   1,000,000 1,086,834
Series 2019-OC11 Class E
12/09/2041 4.076%   1,350,000 1,412,621
BX Trust(a),(f)
Subordinated Series 2019-OC11 Class D
12/09/2041 4.076%   500,000 540,814
CHT Mortgage Trust(a),(b)
Series 2017-CSMO Class C
1-month USD LIBOR + 1.500%
Floor 1.350%
11/15/2036 		1.596%   1,000,000 1,001,251
Series 2017-CSMO Class D
1-month USD LIBOR + 2.250%
Floor 2.100%
11/15/2036 		2.346%   1,000,000 1,001,561
CLNY Trust(a),(b)
Series 2019-IKPR Class E
1-month USD LIBOR + 2.721%
Floor 2.721%
11/15/2038 		2.817%   900,000 896,627
Series 2019-IKPR Class F
1-month USD LIBOR + 3.417%
Floor 3.417%
11/15/2038 		3.513%   1,350,000 1,295,816
 
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
3
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Commercial Mortgage-Backed Securities - Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Cold Storage Trust(a),(b)
Subordinated Series 2020-ICE5 Class F
1-month USD LIBOR + 3.493%
Floor 3.333%
11/15/2023 		3.588%   638,944 642,937
COMM Mortgage Trust(a),(f)
Series 2020-CBM Class D
02/10/2037 3.754%   600,000 610,249
Series 2020-CBM Class F
02/10/2037 3.754%   2,200,000 2,139,980
Cosmopolitan Hotel Mortgage Trust(a),(b)
Subordinated Series 2017-CSMO Class F
1-month USD LIBOR + 3.741%
Floor 3.741%
11/15/2036 		3.837%   2,550,000 2,554,101
Credit Suisse Mortgage Capital Certificates OA LLC(a)
Subordinated Series 2014-USA Class D
09/15/2037 4.373%   645,000 614,177
Subordinated Series 2014-USA Class E
09/15/2037 4.373%   4,600,000 4,150,712
CSMC Trust(a),(f)
Subordinated Series 2019-UVIL Class E
12/15/2041 3.393%   600,000 532,342
Hilton USA Trust(a),(f)
Series 2016-HHV Class F
11/05/2038 4.333%   3,000,000 3,050,719
Hilton USA Trust(a)
Subordinated Series 2016-SFP Class E
11/05/2035 5.519%   2,500,000 2,524,980
Subordinated Series 2016-SFP Class F
11/05/2035 6.155%   1,300,000 1,314,608
Home Partners of America Trust(a)
Series 2019-2 Class F
10/19/2039 3.866%   338,531 342,188
KKR Industrial Portfolio Trust(a),(b)
Series 2020-AIP Class F
1-month USD LIBOR + 3.429%
Floor 3.429%
03/15/2037 		3.525%   819,575 820,310
Morgan Stanley Capital I Trust(a),(f)
Series 2019-MEAD Class E
11/10/2036 3.283%   600,000 579,054
Progress Residential Trust(a)
Series 2018-SF3 Class B
10/17/2035 4.079%   2,000,000 2,004,364
Series 2020-SFR1 Class F
04/17/2037 3.431%   575,000 580,729
Subordinated Series 2019-SFR3 Class E
09/17/2036 3.369%   1,000,000 1,026,360
Commercial Mortgage-Backed Securities - Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Subordinated Series 2019-SFR3 Class F
09/17/2036 3.867%   6,700,000 6,826,246
Subordinated Series 2020-SFR2 Class F
06/18/2037 6.152%   500,000 529,617
Wells Fargo Commercial Mortgage Trust(a),(b)
Series 2017-SMP Class A
1-month USD LIBOR + 0.875%
Floor 0.750%
12/15/2034 		0.971%   1,200,000 1,200,000
Series 2020-SDAL Class E
1-month USD LIBOR + 2.740%
Floor 2.740%
02/15/2037 		2.836%   500,000 482,531
Total Commercial Mortgage-Backed Securities - Non-Agency
(Cost $46,255,443) 		48,457,221
Residential Mortgage-Backed Securities - Agency 14.7%
Federal Home Loan Mortgage Corp.(b),(g)
CMO Series 2013-101 Class HS
-1.0 x 1-month USD LIBOR + 6.500%
Cap 6.500%
10/25/2043 		6.416%   1,018,868 221,631
CMO Series 4987 Class KS
-1.0 x 1-month USD LIBOR + 6.080%
Cap 6.080%
06/25/2050 		5.996%   1,595,234 365,795
CMO Series 4993 Class MS
-1.0 x 1-month USD LIBOR + 6.050%
Cap 6.050%
07/25/2050 		5.966%   2,239,329 589,495
Federal Home Loan Mortgage Corp.(g)
CMO Series 5034 Class JI
11/25/2050 2.500%   9,426,808 1,501,873
Federal Home Loan Mortgage Corp. REMICS(b),(g)
CMO Series 4606 Class SL
-1.0 x 1-month USD LIBOR + 6.000%
Cap 6.000%
12/15/2044 		5.905%   5,339,138 1,112,651
Federal National Mortgage Association(b),(g)
CMO Series 2016-53 Class AS
-1.0 x 1-month USD LIBOR + 6.000%
Cap 6.000%
08/25/2046 		5.916%   17,858,686 4,357,477
CMO Series 2020-38 Class WS
-1.0 x 1-month USD LIBOR + 5.000%
Cap 5.000%
06/25/2050 		4.916%   3,836,103 681,884
Federal National Mortgage Association(g)
CMO Series 2021-3 Class TI
02/25/2051 2.500%   5,583,428 911,703
 
4 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
CMO Series 2021-4 Class IO
02/25/2051 2.500%   5,664,892 872,576
Federal National Mortgage Association REMICS(g)
CMO Series 2021-22 Class LI
04/25/2051 3.000%   3,407,673 542,333
Freddie Mac STACR REMIC Trust(a),(b)
Subordinated CMO Series 2021-HQA2 Class B2
30-day Average SOFR + 5.450%
12/25/2033 		5.500%   600,000 626,252
Government National Mortgage Association(b),(g)
CMO Series 2019-103 Class SA
-1.0 x 1-month USD LIBOR + 6.050%
Cap 6.050%
08/20/2049 		5.962%   3,221,198 649,306
CMO Series 2019-120 Class CS
-1.0 x 1-month USD LIBOR + 3.400%
Cap 3.400%
09/20/2049 		3.312%   28,044,626 2,476,425
CMO Series 2019-120 Class SA
-1.0 x 1-month USD LIBOR + 3.400%
Cap 3.400%
09/20/2049 		3.312%   3,309,335 319,623
CMO Series 2019-92 Class SD
-1.0 x 1-month USD LIBOR + 6.100%
Cap 6.100%
07/20/2049 		6.012%   3,973,638 778,413
CMO Series 2019-98 Class SB
-1.0 x 1-month USD LIBOR + 6.100%
Cap 6.100%
08/20/2049 		6.012%   12,065,734 1,846,112
CMO Series 2020-104 Class SA
-1.0 x 1-month USD LIBOR + 6.200%
07/20/2050 		6.112%   2,073,032 395,428
CMO Series 2021-96 Class US
-1.0 x 30-day Average SOFR + 3.250%
Cap 3.250%
06/20/2051 		3.200%   3,984,260 438,293
Government National Mortgage Association(g)
CMO Series 2019-129 Class AI
10/20/2049 3.500%   2,725,883 302,245
CMO Series 2020-104 Class IY
07/20/2050 3.000%   3,344,388 469,915
CMO Series 2020-129 Class GI
09/20/2050 3.000%   3,186,613 474,401
CMO Series 2020-129 Class YI
09/20/2050 2.500%   4,057,034 530,215
CMO Series 2020-138 Class JI
09/20/2050 2.500%   5,760,074 694,478
Residential Mortgage-Backed Securities - Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
CMO Series 2020-148 Class AI
10/20/2050 2.500%   9,169,730 1,177,229
CMO Series 2020-153 Class CI
10/20/2050 2.500%   3,815,467 542,799
CMO Series 2020-160 Class IA
10/20/2050 2.500%   4,832,061 676,651
CMO Series 2020-164 Class CI
11/20/2050 3.000%   2,867,036 406,172
CMO Series 2020-175 Class KI
11/20/2050 2.500%   3,873,601 558,603
CMO Series 2020-181 Class BI
12/20/2050 2.500%   5,892,599 823,059
CMO Series 2020-185 Class KI
12/20/2050 2.500%   5,669,872 810,880
CMO Series 2020-187 Class AI
12/20/2050 2.500%   5,792,303 806,304
CMO Series 2020-188 Class KI
12/20/2050 2.500%   6,831,627 913,524
CMO Series 2020-191 Class UC
12/20/2050 4.000%   2,814,544 469,349
CMO Series 2021-1 Class IT
01/20/2051 3.000%   4,762,198 592,484
CMO Series 2021-107 Class IW
06/20/2051 3.500%   3,463,059 540,827
CMO Series 2021-24 Class MI
02/20/2051 3.000%   2,874,891 408,898
CMO Series 2021-25 Class GI
02/20/2051 2.500%   4,931,301 712,657
CMO Series 2021-7 Class IT
01/16/2051 3.000%   1,933,140 407,219
CMO Series 2021-7 Class QI
01/20/2051 2.500%   6,370,694 881,188
CMO Series 2021-9 Class MI
01/20/2051 2.500%   965,626 117,813
CMO Series 2021-96 Class VI
06/20/2051 2.500%   4,978,815 703,544
Government National Mortgage Association(c),(e),(g)
CMO Series 2021-140 Class IJ
08/20/2051 3.000%   6,000,000 843,750
Government National Mortgage Association TBA(h)
09/21/2051 2.500%   30,000,000 31,115,625
Uniform Mortgage-Backed Security TBA(h)
09/14/2051 2.000%   34,500,000 34,990,547
09/14/2051 2.500%   24,000,000 24,933,750
Total Residential Mortgage-Backed Securities - Agency
(Cost $123,758,888) 		124,591,396
 
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
5
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency 14.7%
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
510 Asset Backed Trust(a),(f)
CMO Series 2021-NPL2 Class A1
06/25/2061 2.116%   1,183,412 1,184,614
Ajax Mortgage Loan Trust(a),(f)
CMO Series 2021-C Class A
01/25/2061 2.115%   454,135 454,076
Angel Oak Mortgage Trust(a),(f),(i)
CMO Series 2021-5 Class A3
07/25/2066 1.311%   650,000 649,989
Angel Oak Mortgage Trust I LLC(a),(f)
Subordinated CMO Series 2019-2 Class B2
03/25/2049 6.286%   2,700,000 2,759,894
Bellemeade Re Ltd.(a),(b)
CMO Series 2019-1A Class M1B
1-month USD LIBOR + 1.750%
Floor 1.750%
03/25/2029 		1.834%   1,500,000 1,505,241
CMO Series 2019-4A Class M1C
1-month USD LIBOR + 2.500%
Floor 2.500%
10/25/2029 		2.584%   200,000 200,000
CMO Series 2020-2A Class M2
1-month USD LIBOR + 6.000%
Floor 6.000%
08/26/2030 		6.084%   1,700,000 1,802,594
CMO Series 2020-3A Class M2
1-month USD LIBOR + 4.850%
Floor 4.850%
10/25/2030 		4.934%   650,000 694,814
BRAVO Residential Funding Trust(a),(f)
CMO Series 2019-NQM1 Class B1
07/25/2059 4.006%   4,782,000 4,953,911
CMO Series 2019-NQM1 Class M1
07/25/2059 2.997%   2,512,500 2,521,998
CMO Series 2019-NQM2 Class B1
11/25/2059 3.954%   1,000,000 1,007,408
CMO Series 2020-NQM1 Class B1
05/25/2060 5.086%   300,000 312,753
CMO Series 2020-NQM1 Class B2
05/25/2060 5.640%   430,000 443,486
Subordinated CMO Series 2021-NQM2 Class B1
03/25/2060 3.044%   200,000 200,380
Subordinated CMO Series 2021-NQM2 Class B2
03/25/2060 4.099%   300,000 300,546
BRAVO Residential Funding Trust(a),(b)
CMO Series 2021-HE2 Class B1
30-day Average SOFR + 2.400%
11/25/2069 		2.418%   338,000 338,116
Residential Mortgage-Backed Securities - Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Subordinated CMO Series 2021-HE2 Class B2
30-day Average SOFR + 3.400%
11/25/2069 		3.418%   353,000 353,119
BVRT Financing Trust(a),(b),(e)
CMO Series 2020-CRT1 Class M3
1-month USD LIBOR + 4.000%
07/10/2032 		4.077%   1,000,000 1,005,000
CMO Series 2021-2F Class M2
30-day Average SOFR + 2.500%
Floor 2.500%
01/10/2032 		2.538%   1,000,000 1,000,000
CMO Series 2021-3F Class M2
30-day Average SOFR + 2.900%
Floor 2.900%
07/12/2033 		3.100%   3,000,000 3,000,000
BVRT Financing Trust(a),(b),(c),(e)
CMO Series 2021-CRT1 Class M4
1-month USD LIBOR + 3.500%
Floor 3.500%
07/10/2032 		3.600%   1,875,000 1,910,156
CHL GMSR Issuer Trust(a),(b)
CMO Series 2018-GT1 Class A
1-month USD LIBOR + 1.000%
05/25/2023 		2.834%   370,000 370,627
Citigroup Mortgage Loan Trust, Inc.(a),(f)
CMO Series 2019-IMC1 Class M1
07/25/2049 3.170%   4,500,000 4,500,014
COLT Mortgage Loan Trust(a),(f)
CMO Series 2020-2 Class M1
03/25/2065 5.250%   200,000 205,612
Connecticut Avenue Securities Trust(a),(b)
CMO Series 2019-HRP1 Class B1
1-month USD LIBOR + 9.250%
11/25/2039 		9.334%   1,600,000 1,695,027
CMO Series 2019-HRP1 Class M2
1-month USD LIBOR + 2.150%
11/25/2039 		2.234%   536,938 533,967
CMO Series 2020-R01 Class 1M2
1-month USD LIBOR + 2.050%
Floor 2.050%
01/25/2040 		2.134%   2,703,321 2,716,508
Subordinated CMO Series 2018-R07 Class 1B1
1-month USD LIBOR + 4.350%
04/25/2031 		4.434%   450,000 466,186
CSMC Trust(a),(f)
CMO Series 2020-RPL2 Class A12
02/25/2060 3.430%   1,774,469 1,833,368
Deephaven Residential Mortgage Trust(a),(f)
CMO Series 2020-2 Class B2
05/25/2065 5.893%   600,000 610,665
 
6 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Eagle Re Ltd.(a),(b)
CMO Series 2018-1 Class M1
1-month USD LIBOR + 1.700%
Floor 1.700%
11/25/2028 		1.784%   1,825,512 1,826,684
CMO Series 2019-1 Class M1B
1-month USD LIBOR + 1.800%
04/25/2029 		1.884%   481,252 481,252
Fannie Mae Connecticut Avenue Securities(b)
CMO Series 14-C02 Class 1M2
1-month USD LIBOR + 2.600%
Floor 2.600%
05/25/2024 		2.684%   1,322,393 1,333,994
CMO Series 2014-C03 Class 1M2
1-month USD LIBOR + 3.000%
Floor 3.000%
07/25/2024 		3.084%   1,347,235 1,364,074
Freddie Mac STACR(a),(b)
Subordinated CMO Series 2019-HQA3 Class B1
1-month USD LIBOR + 3.000%
09/25/2049 		3.084%   1,250,000 1,259,050
Freddie Mac STACR REMIC Trust(a),(b)
Subordinated CMO Series 2020-DNA4 Class B1
1-month USD LIBOR + 6.000%
08/25/2050 		6.084%   1,600,000 1,698,355
Subordinated CMO Series 2020-DNA6 Class B2
30-day Average SOFR + 5.650%
12/25/2050 		5.700%   1,000,000 1,081,425
Subordinated CMO Series 2020-HQA1 Class B1
1-month USD LIBOR + 2.350%
01/25/2050 		2.434%   1,942,000 1,946,111
Subordinated CMO Series 2020-HQA3 Class B1
1-month USD LIBOR + 5.750%
07/25/2050 		5.834%   1,000,000 1,061,216
Subordinated CMO Series 2020-HQA4 Class B1
1-month USD LIBOR + 5.250%
09/25/2050 		5.334%   2,400,000 2,522,160
Subordinated CMO Series 2021-DNA1 Class B2
30-day Average SOFR + 4.750%
01/25/2051 		4.800%   1,200,000 1,210,380
Freddie Mac STACR Trust(a),(b)
Subordinated CMO Series 2019-HQA2 Class B1
1-month USD LIBOR + 4.100%
04/25/2049 		4.184%   1,500,000 1,547,803
Freddie Mac Structured Agency Credit Risk Debt Notes(b)
CMO Series 2014-DN1 Class M3
1-month USD LIBOR + 4.500%
02/25/2024 		4.584%   461,049 474,304
Residential Mortgage-Backed Securities - Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Freddie Mac Structured Agency Credit Risk Debt Notes(a),(b)
Subordinated CMO Series 2020-DNA3 Class B1
1-month USD LIBOR + 5.100%
06/25/2050 		5.184%   2,000,000 2,088,269
Subordinated CMO Series 2020-HQA5 Class B2
30-day Average SOFR + 7.400%
11/25/2050 		7.450%   1,800,000 2,106,019
GCAT Trust(a),(f)
CMO Series 2019-NQM3 Class M1
11/25/2059 3.450%   600,000 611,047
Genworth Mortgage Insurance Corp.(a),(b)
CMO Series 2019-1 Class M1
1-month USD LIBOR + 1.900%
Floor 1.900%
11/26/2029 		1.984%   125,545 125,549
CMO Series 2021-1 Class M2
1-month USD LIBOR + 3.900%
Floor 3.900%
08/25/2033 		3.984%   250,000 250,609
Genworth Mortgage Insurance Corp.(a),(b),(h)
CMO Series 2021-3 Class M1B
30-day Average SOFR + 2.900%
Floor 2.900%
02/25/2034 		2.950%   2,000,000 2,000,000
Subordinated CMO Series 2021-3 Class B1
30-day Average SOFR + 4.950%
Floor 4.950%
02/25/2034 		5.000%   500,000 500,000
Glebe Funding Trust (The)(a),(e)
CMO Series 2021-1 Class PT
10/27/2023 3.000%   1,098,597 1,098,597
Headlands Residential LLC(a)
CMO Series 2019-RPL1
06/25/2024 3.967%   1,405,702 1,407,707
Home Re Ltd.(a),(b)
CMO Series 2018-1 Class M2
1-month USD LIBOR + 3.000%
10/25/2028 		3.084%   750,000 757,522
CMO Series 2020-1 Class M1C
1-month USD LIBOR + 4.150%
Floor 4.150%
10/25/2030 		4.234%   250,000 256,506
CMO Series 2020-1 Class M2
1-month USD LIBOR + 5.250%
Floor 5.250%
10/25/2030 		5.334%   1,200,000 1,236,935
Homeward Opportunities Fund I Trust(a),(f)
Subordinated CMO Series 2020-2 Class B1
05/25/2065 5.450%   250,000 263,246
 
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
7
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Homeward Opportunities Fund Trust(a),(f)
CMO Series 2020-BPL1 Class A2
08/25/2025 5.438%   1,493,537 1,532,190
Legacy Mortgage Asset Trust(a),(f)
CMO Series 2021-GS1 Class A1
10/25/2066 1.892%   470,311 472,604
LVII Trust(a),(c),(e),(f)
Subordinated CMO Series 2020-1 Class B1
05/25/2060 5.000%   1,900,000 1,902,375
Mortgage Acquisition Trust I LLC(a),(e)
CMO Series 2021-1 Class PT
11/29/2023 3.500%   952,626 952,626
New Residential Mortgage Loan Trust(a),(f)
CMO Series 2020-RPL2 Class A1
08/25/2025 3.578%   1,768,744 1,800,692
Oaktown Re II Ltd.(a),(b)
Subordinated CMO Series 2018-1A Class B1
1-month USD LIBOR + 4.050%
07/25/2028 		4.134%   450,000 463,371
Subordinated CMO Series 2018-1A Class M2
1-month USD LIBOR + 2.850%
07/25/2028 		2.934%   3,017,857 3,050,633
Oaktown Re III Ltd.(a),(b)
CMO Series 2019-1A Class M2
1-month USD LIBOR + 2.550%
Floor 2.550%
07/25/2029 		2.634%   1,000,000 1,006,091
Oaktown Re V Ltd.(a),(b)
CMO Series 2020-2A Class M2
1-month USD LIBOR + 5.250%
Floor 5.250%
10/25/2030 		5.334%   1,000,000 1,051,545
Oaktown Re VI Ltd.(a),(b)
CMO Series 2021-1A Class M2
30-day Average SOFR + 3.950%
Floor 3.950%
10/25/2033 		4.000%   500,000 519,856
OMSR(a)
CMO Series 2019-PLS1 Class A
11/25/2024 5.069%   2,070,544 2,078,200
PMT Credit Risk Transfer Trust(a),(b)
CMO Series 2019-1R Class A
1-month USD LIBOR + 2.000%
Floor 2.000%
03/27/2024 		2.088%   880,220 872,106
Series 2019-2R Class A
1-month USD LIBOR + 2.750%
Floor 2.750%
05/27/2023 		2.838%   881,886 877,443
Residential Mortgage-Backed Securities - Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
PNMAC GMSR Issuer Trust(a),(b)
CMO Series 2018-FT1 Class A
1-month USD LIBOR + 2.350%
04/25/2023 		2.434%   500,000 498,255
CMO Series 2018-GT1 Class A
1-month USD LIBOR + 2.850%
Floor 2.850%
02/25/2023 		2.934%   2,750,000 2,762,518
CMO Series 2018-GT2 Class A
1-month USD LIBOR + 2.650%
08/25/2025 		2.734%   4,250,000 4,243,978
Preston Ridge Partners Mortgage(a),(f)
CMO Series 2021-2 Class A2
03/25/2026 3.770%   700,000 707,322
CMO Series 2021-4 Class A2
04/25/2026 3.474%   400,000 401,543
Preston Ridge Partners Mortgage LLC(a),(f)
CMO Series 2020-6 Class A2
11/25/2025 4.703%   200,000 198,640
CMO Series 2021-3 Class A1
04/25/2026 1.867%   939,994 939,881
Preston Ridge Partners Mortgage Trust(a),(f)
CMO Series 2021-1 Class A1
01/25/2026 2.115%   939,525 939,997
CMO Series 2021-1 Class A2
01/25/2026 3.720%   3,250,000 3,245,989
CMO Series 2021-5 Class A2
06/25/2026 3.721%   700,000 701,840
Preston Ridge Partners Mortgage Trust(a),(c),(e),(f),(h)
CMO Series 2021-7 Class A1
08/25/2026 1.867%   1,800,000 1,800,000
Radnor Re Ltd.(a),(b)
CMO Series 2020-2 Class M2
1-month USD LIBOR + 5.600%
Floor 5.600%
10/25/2030 		5.748%   600,000 615,857
RCO V Mortgage LLC(a),(f)
CMO Series 2020-1 Class A2
09/25/2025 5.389%   900,000 905,852
Residential Mortgage Loan Trust(a),(f)
CMO Series 2019-3 Class M1
09/25/2059 3.257%   700,000 711,347
STACR Trust(a),(b)
Subordinated CMO Series 2018-HRP1 Class B1
1-month USD LIBOR + 3.750%
04/25/2043 		3.834%   2,000,000 2,055,110
Starwood Mortgage Residential Trust(a),(f)
CMO Series 2020-3 Class B1
04/25/2065 4.750%   250,000 258,073
 
8 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Residential Mortgage-Backed Securities - Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Stonnington Mortgage Trust(a),(c),(e),(f)
CMO Series 2020-1 Class A
07/28/2024 5.500%   1,245,038 1,245,038
Toorak Mortgage Corp., Ltd.(a),(f)
CMO Series 2019-1 Class A1
03/25/2022 4.458%   459,183 460,128
CMO Series 2021-1 Class A1
06/25/2024 2.240%   800,000 800,735
Triangle Re Ltd.(a),(b)
CMO Series 2020-1 Class M1C
1-month USD LIBOR + 4.500%
Floor 4.500%
10/25/2030 		4.618%   1,170,000 1,188,787
CMO Series 2020-1 Class M2
1-month USD LIBOR + 5.600%
Floor 5.600%
10/25/2030 		5.718%   1,000,000 1,032,533
CMO Series 2021-1 Class M1B
1-month USD LIBOR + 3.000%
Floor 3.000%
08/25/2033 		3.084%   1,950,000 1,966,287
Subordinated CMO Series 2021-1 Class B1
1-month USD LIBOR + 4.500%
Floor 4.500%
08/25/2033 		4.584%   1,000,000 1,003,625
Subordinated CMO Series 2021-2 Class B1
1-month USD LIBOR + 7.500%
Floor 7.500%
10/25/2033 		7.584%   650,000 668,918
VCAT Asset Securitization LLC(a),(f)
CMO Series 2021-NPL3 Class A2
05/25/2051 3.967%   300,000 299,664
Vericrest Opportunity Loan Transferee(a),(f)
CMO Series 2021-NPL4 Class A1
03/27/2051 2.240%   1,019,874 1,020,937
Verus Securitization Trust(a)
CMO Series 2020-INV1 Class B1
04/25/2060 5.750%   150,000 156,360
CMO Series 2020-INV1 Class M1
04/25/2060 5.500%   550,000 582,986
Subordinated CMO Series 2020-INV1 Class B2
04/25/2060 6.000%   150,000 154,431
Verus Securitization Trust(a),(f)
CMO Series 2020-NPL1 Class A2
08/25/2050 5.682%   1,250,000 1,258,849
Subordinated CMO Series 2019-3 Class B1
07/25/2059 4.043%   2,289,000 2,319,150
Subordinated CMO Series 2019-4 Class B1
11/25/2059 3.860%   500,000 503,660
Residential Mortgage-Backed Securities - Non-Agency (continued)
Issuer Coupon
Rate 		  Principal
Amount ($) 		Value ($)
Subordinated CMO Series 2020-4 Class B1
05/25/2065 5.046%   150,000 156,511
Subordinated CMO Series 2020-4 Class B2
06/25/2065 5.600%   327,000 334,025
Visio Trust(a),(f)
CMO Series 2019-2 Class B1
11/25/2054 3.910%   100,000 102,346
CMO Series 2019-2 Class M1
11/25/2054 3.260%   200,000 206,822
Vista Point Securitization Trust(a),(f)
Subordinated CMO Series 2020-1 Class B1
03/25/2065 5.375%   800,000 834,038
ZH Trust(a)
Subordinated CMO Series 2021-1 Class B
02/18/2027 3.262%   1,000,000 1,000,776
Total Residential Mortgage-Backed Securities - Non-Agency
(Cost $120,997,561) 		124,901,423
Treasury Bills 17.7%
Issuer Effective
Yield 		  Principal
Amount ($) 		Value ($)
United States 17.7%
U.S. Treasury Bills
09/09/2021 0.060%   83,000,000 82,998,720
U.S. Treasury Bills(j)
02/24/2022 0.050%   67,000,000 66,983,820
Total 149,982,540
Total Treasury Bills
(Cost $149,978,822) 		149,982,540
    
Options Purchased Calls 0.1%
        Value ($)
(Cost $855,000) 487,979
Options Purchased Puts 0.3%
(Cost $2,183,700) 2,601,181
 
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
9
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Money Market Funds 42.1%
  Shares Value ($)
Columbia Short-Term Cash Fund, 0.061%(k),(l) 357,800,231 357,764,451
Total Money Market Funds
(Cost $357,766,804) 		357,764,451
Total Investments in Securities
(Cost: $870,193,377) 		875,151,131
Other Assets & Liabilities, Net   (26,471,652)
Net Assets 848,679,479
At August 31, 2021, securities and/or cash totaling $90,078,168 were pledged as collateral.
Investments in derivatives
Forward foreign currency exchange contracts
Currency to
be sold 		Currency to
be purchased 		Counterparty Settlement
date 		Unrealized
appreciation ($) 		Unrealized
depreciation ($)
77,672,000 AUD 59,392,260 USD Citi 09/15/2021 2,566,597 —
33,525,999 AUD 24,034,246 USD Citi 09/15/2021 — (493,733)
20,522,542 BRL 4,011,828 USD Citi 09/15/2021 50,102 —
150,484,247 BRL 28,345,128 USD Citi 09/15/2021 — (704,749)
131,390,750 CAD 105,686,448 USD Citi 09/15/2021 1,546,597 —
12,870,500 CAD 10,080,501 USD Citi 09/15/2021 — (120,613)
109,120,000 CHF 120,487,996 USD Citi 09/15/2021 1,287,077 —
14,930,000 CHF 16,303,110 USD Citi 09/15/2021 — (6,180)
12,055,049,500 CLP 16,140,193 USD Citi 09/15/2021 570,350 —
3,365,869,500 CLP 4,306,566 USD Citi 09/15/2021 — (40,663)
15,081,000 CNH 2,345,376 USD Citi 09/15/2021 11,722 —
128,778,624 CNH 19,730,492 USD Citi 09/15/2021 — (196,878)
39,801,773,750 COP 10,692,074 USD Citi 09/15/2021 139,470 —
24,572,571,250 COP 6,386,725 USD Citi 09/15/2021 — (128,176)
361,477,000 CZK 17,313,423 USD Citi 09/15/2021 525,448 —
587,128,000 CZK 27,096,304 USD Citi 09/15/2021 — (171,516)
94,308,500 EUR 112,841,445 USD Citi 09/15/2021 1,456,033 —
32,435,000 EUR 38,211,833 USD Citi 09/15/2021 — (96,334)
38,365,000 GBP 53,899,686 USD Citi 09/15/2021 1,151,571 —
13,776,000 GBP 18,831,998 USD Citi 09/15/2021 — (108,652)
364,070,000 HUF 1,269,487 USD Citi 09/15/2021 38,235 —
1,943,897,500 HUF 6,478,091 USD Citi 09/15/2021 — (95,993)
35,300,000,000 IDR 2,430,936 USD Citi 09/15/2021 — (44,758)
820,651,000 INR 10,973,981 USD Citi 09/15/2021 — (252,323)
2,243,508,000 JPY 20,563,609 USD Citi 09/15/2021 168,427 —
5,210,813,000 JPY 47,150,237 USD Citi 09/15/2021 — (219,987)
12,711,722,000 KRW 11,243,872 USD Citi 09/15/2021 279,465 —
5,971,185,000 KRW 5,082,945 USD Citi 09/15/2021 — (67,458)
165,769,125 MXN 8,256,699 USD Citi 09/15/2021 18,026 —
652,447,875 MXN 32,105,532 USD Citi 09/15/2021 — (320,920)
565,470,000 NOK 67,920,887 USD Citi 09/15/2021 2,880,279 —
322,099,000 NOK 36,333,007 USD Citi 09/15/2021 — (714,962)
87,505,000 NZD 63,300,601 USD Citi 09/15/2021 1,640,203 —
57,574,000 NZD 39,791,316 USD Citi 09/15/2021 — (778,203)
193,000,000 PHP 3,991,946 USD Citi 09/15/2021 111,704 —
92,000,000 PHP 1,827,371 USD Citi 09/15/2021 — (22,279)
136,224,000 PLN 36,609,542 USD Citi 09/15/2021 1,042,224 —
83,735,500 PLN 21,787,052 USD Citi 09/15/2021 — (75,814)
21,146,000 RUB 288,704 USD Citi 09/15/2021 504 —
10 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives 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 ($)
961,096,000 RUB 12,965,825 USD Citi 09/15/2021 — (133,012)
123,280,250 SEK 14,347,471 USD Citi 09/15/2021 60,038 —
369,840,750 SEK 42,207,641 USD Citi 09/15/2021 — (654,660)
35,700,000 SGD 26,906,920 USD Citi 09/15/2021 353,909 —
16,138,000 SGD 11,894,604 USD Citi 09/15/2021 — (108,546)
92,400,000 TWD 3,334,042 USD Citi 09/15/2021 — (7,330)
12,547,946 USD 17,452,499 AUD Citi 09/15/2021 220,489 —
85,781,112 USD 112,529,000 AUD Citi 09/15/2021 — (3,453,695)
19,636,563 USD 104,532,332 BRL Citi 09/15/2021 542,634 —
14,949,004 USD 76,025,000 BRL Citi 09/15/2021 — (272,937)
7,501,658 USD 9,511,500 CAD Citi 09/15/2021 37,124 —
113,797,474 USD 137,785,250 CAD Citi 09/15/2021 — (4,589,365)
43,831,767 USD 40,175,500 CHF Citi 09/15/2021 55,298 —
9,775,908 USD 8,938,000 CHF Citi 09/15/2021 — (12,182)
3,312,451 USD 2,600,984,000 CLP Citi 09/15/2021 46,881 —
17,211,645 USD 12,819,935,000 CLP Citi 09/15/2021 — (653,904)
23,661,614 USD 153,570,250 CNH Citi 09/15/2021 102,045 —
421,931 USD 2,715,000 CNH Citi 09/15/2021 — (1,808)
13,976,419 USD 53,768,432,000 COP Citi 09/15/2021 279,152 —
1,685,225 USD 6,205,913,000 COP Citi 09/15/2021 — (39,857)
15,066,858 USD 327,093,000 CZK Citi 09/15/2021 124,230 —
28,645,593 USD 605,662,000 CZK Citi 09/15/2021 — (517,004)
41,735,977 USD 35,481,500 EUR Citi 09/15/2021 170,336 —
108,863,810 USD 89,576,250 EUR Citi 09/15/2021 — (3,067,541)
72,927,587 USD 52,141,000 GBP Citi 09/15/2021 — (1,238,822)
1,922,254 USD 572,041,000 HUF Citi 09/15/2021 12,337 —
7,344,704 USD 2,106,475,000 HUF Citi 09/15/2021 — (220,797)
2,026,407 USD 29,200,000,000 IDR Citi 09/15/2021 21,476 —
11,373,982 USD 844,526,000 INR Citi 09/15/2021 178,926 —
31,585,430 USD 3,475,811,001 JPY Citi 09/15/2021 12,316 —
36,256,610 USD 3,978,509,999 JPY Citi 09/15/2021 — (88,951)
503,448 USD 589,087,000 KRW Citi 09/15/2021 4,665 —
18,711,135 USD 21,047,534,000 KRW Citi 09/15/2021 — (556,732)
16,025,273 USD 324,433,000 MXN Citi 09/15/2021 98,944 —
24,689,615 USD 493,784,000 MXN Citi 09/15/2021 — (148,708)
122,210,928 USD 1,080,120,999 NOK Citi 09/15/2021 2,025,064 —
44,088,384 USD 378,699,000 NOK Citi 09/15/2021 — (530,259)
154,053,913 USD 220,222,000 NZD Citi 09/15/2021 1,125,519 —
19,831,862 USD 27,413,000 NZD Citi 09/15/2021 — (515,292)
4,261,748 USD 213,750,000 PHP Citi 09/15/2021 35,671 —
32,334,293 USD 125,380,000 PLN Citi 09/15/2021 401,717 —
25,172,065 USD 92,586,000 PLN Citi 09/15/2021 — (998,383)
11,796,234 USD 878,492,000 RUB Citi 09/15/2021 176,789 —
4,041,757 USD 295,000,000 RUB Citi 09/15/2021 — (21,183)
678,363 USD 5,878,000 SEK Citi 09/15/2021 2,861 —
58,019,757 USD 487,243,000 SEK Citi 09/15/2021 — (1,551,247)
28,346,430 USD 38,450,500 SGD Citi 09/15/2021 252,352 —
3,319,384 USD 4,462,500 SGD Citi 09/15/2021 — (258)
808,966 USD 22,500,000 TWD Citi 09/15/2021 4,680 —
1,725,667 USD 47,400,000 TWD Citi 09/15/2021 — (11,586)
2,550,921 USD 38,070,999 ZAR Citi 09/15/2021 65,068 —
8,667,776 USD 122,046,000 ZAR Citi 09/15/2021 — (281,576)
89,058,000 ZAR 6,215,322 USD Citi 09/15/2021 95,840 —
68,601,499 ZAR 4,618,402 USD Citi 09/15/2021 — (95,443)
27,900,000 ILS 8,554,838 USD Citi 09/17/2021 — (143,389)
8,646,744 USD 27,900,000 ILS Citi 09/17/2021 51,484 —
43,382,499 AUD 31,225,201 USD Citi 12/15/2021 — (527,916)
5,337,000 BRL 1,016,194 USD Citi 12/15/2021 1,302 —
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
11
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives 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 ($)
22,242,000 BRL 4,117,320 USD Citi 12/15/2021 — (112,255)
1,358,250 CAD 1,078,078 USD Citi 12/15/2021 1,655 —
13,682,500 CAD 10,706,771 USD Citi 12/15/2021 — (136,714)
27,496,500 CHF 30,094,112 USD Citi 12/15/2021 — (12,688)
522,500,000 CLP 674,571 USD Citi 12/15/2021 2,577 —
1,706,724,000 CLP 2,166,167 USD Citi 12/15/2021 — (28,871)
26,542,812 CNH 4,050,840 USD Citi 12/15/2021 — (28,189)
38,812,155,000 COP 9,985,995 USD Citi 12/15/2021 — (248,654)
47,550,000 CZK 2,176,902 USD Citi 12/15/2021 — (26,912)
2,831,250 EUR 3,356,091 USD Citi 12/15/2021 6,039 —
27,626,500 EUR 32,455,905 USD Citi 12/15/2021 — (232,912)
8,172,000 GBP 11,184,651 USD Citi 12/15/2021 — (52,804)
18,300,000,000 IDR 1,260,878 USD Citi 12/15/2021 — (12,528)
27,900,000 ILS 8,657,301 USD Citi 12/15/2021 — (50,596)
36,000,000 INR 479,029 USD Citi 12/15/2021 — (8,898)
3,475,810,999 JPY 31,693,546 USD Citi 12/15/2021 70,065 —
3,475,811,001 JPY 31,609,106 USD Citi 12/15/2021 — (14,375)
1,270,373,000 KRW 1,080,732 USD Citi 12/15/2021 — (14,310)
129,890,000 MXN 6,307,069 USD Citi 12/15/2021 — (70,212)
233,226,999 NOK 25,910,484 USD Citi 12/15/2021 — (901,121)
32,860,000 NZD 22,711,031 USD Citi 12/15/2021 — (427,207)
213,750,000 PHP 4,229,606 USD Citi 12/15/2021 — (42,984)
7,110,000 PLN 1,822,544 USD Citi 12/15/2021 — (33,832)
71,703,000 RUB 948,910 USD Citi 12/15/2021 — (15,305)
7,093,000 SEK 826,000 USD Citi 12/15/2021 3,385 —
27,174,000 SEK 3,146,909 USD Citi 12/15/2021 — (4,612)
4,462,500 SGD 3,318,870 USD Citi 12/15/2021 293 —
22,312,500 SGD 16,470,735 USD Citi 12/15/2021 — (122,152)
22,500,000 TWD 813,086 USD Citi 12/15/2021 — (7,244)
34,632,038 USD 48,213,999 AUD Citi 12/15/2021 657,416 —
13,918,995 USD 75,349,247 BRL Citi 12/15/2021 409,541 —
1,828,228 USD 9,550,542 BRL Citi 12/15/2021 — (12,081)
5,986,468 USD 7,640,500 CAD Citi 12/15/2021 68,687 —
2,686,451 USD 3,382,750 CAD Citi 12/15/2021 — (5,596)
6,414,333 USD 5,862,000 CHF Citi 12/15/2021 4,159 —
1,951,881 USD 1,782,000 CHF Citi 12/15/2021 — (712)
3,503,801 USD 2,755,258,500 CLP Citi 12/15/2021 39,770 —
655,477 USD 508,419,500 CLP Citi 12/15/2021 — (1,593)
4,276,498 USD 28,007,624 CNH Citi 12/15/2021 27,639 —
2,049,455 USD 7,999,916,000 COP Citi 12/15/2021 60,099 —
12,371,292 USD 10,532,000 EUR Citi 12/15/2021 90,606 —
1,456,187 USD 1,228,500 EUR Citi 12/15/2021 — (2,575)
17,014,824 USD 12,441,000 GBP Citi 12/15/2021 93,005 —
6,820,640 USD 2,043,393,500 HUF Citi 12/15/2021 71,072 —
2,834,013 USD 212,562,000 INR Citi 12/15/2021 46,952 —
2,284,264 USD 251,272,000 JPY Citi 12/15/2021 1,848 —
8,603,779 USD 943,912,000 JPY Citi 12/15/2021 — (15,917)
3,469,752 USD 4,073,476,000 KRW Citi 12/15/2021 41,524 —
25,557,972 USD 526,455,375 MXN Citi 12/15/2021 289,701 —
3,570,686 USD 72,707,625 MXN Citi 12/15/2021 — (919)
19,675,019 USD 176,645,000 NOK Citi 12/15/2021 631,961 —
1,279,458 USD 1,872,000 NZD Citi 12/15/2021 38,703 —
1,193,518 USD 4,656,500 PLN Citi 12/15/2021 22,265 —
13,611,930 USD 1,023,154,000 RUB Citi 12/15/2021 146,774 —
42,235,958 USD 369,840,750 SEK Citi 12/15/2021 656,541 —
14,356,867 USD 123,280,250 SEK Citi 12/15/2021 — (59,368)
5,295,734 USD 7,220,000 SGD Citi 12/15/2021 73,483 —
2,579,753 USD 39,426,499 ZAR Citi 12/15/2021 97,670 —
12 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives 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 ($)
19,240,999 ZAR 1,247,600 USD Citi 12/15/2021 — (59,041)
66,646,000 EUR 78,539,384 USD Goldman Sachs International 09/15/2021 — (174,541)
8,626,798,000 JPY 78,980,245 USD Goldman Sachs International 09/15/2021 556,138 —
6,717,081 USD 5,724,000 EUR Goldman Sachs International 09/15/2021 43,393 —
6,647,738 USD 730,160,000 JPY Goldman Sachs International 09/15/2021 — (10,033)
416,035,000 SEK 48,242,391 USD HSBC 09/15/2021 26,456 —
9,800,000 AUD 7,574,337 USD Morgan Stanley 09/15/2021 404,552 —
12,850,000 AUD 9,384,936 USD Morgan Stanley 09/15/2021 — (16,261)
34,680,000 BRL 6,768,433 USD Morgan Stanley 09/15/2021 73,714 —
30,905,000 BRL 5,929,586 USD Morgan Stanley 09/15/2021 — (36,397)
47,600,000 CAD 38,755,272 USD Morgan Stanley 09/15/2021 1,027,678 —
42,950,000 CAD 34,032,612 USD Morgan Stanley 09/15/2021 — (9,409)
14,400,000 CHF 16,030,402 USD Morgan Stanley 09/15/2021 300,076 —
19,350,000 CHF 21,009,788 USD Morgan Stanley 09/15/2021 — (127,838)
12,400,000 EUR 14,658,784 USD Morgan Stanley 09/15/2021 13,454 —
3,100,000 EUR 3,646,552 USD Morgan Stanley 09/15/2021 — (14,780)
11,650,000 GBP 16,534,880 USD Morgan Stanley 09/15/2021 517,272 —
20,700,000 GBP 28,097,602 USD Morgan Stanley 09/15/2021 — (362,869)
1,441,585,000 INR 19,250,808 USD Morgan Stanley 09/15/2021 — (469,720)
3,830,000,000 JPY 34,873,708 USD Morgan Stanley 09/15/2021 56,116 —
520,000,000 JPY 4,691,701 USD Morgan Stanley 09/15/2021 — (35,492)
21,400,170,000 KRW 18,988,575 USD Morgan Stanley 09/15/2021 530,008 —
432,015,000 MXN 21,317,678 USD Morgan Stanley 09/15/2021 — (153,330)
158,750,000 NOK 18,876,920 USD Morgan Stanley 09/15/2021 617,425 —
45,100,000 NZD 32,453,329 USD Morgan Stanley 09/15/2021 673,614 —
3,150,000 NZD 2,186,132 USD Morgan Stanley 09/15/2021 — (33,515)
79,155,000 PLN 21,588,467 USD Morgan Stanley 09/15/2021 921,543 —
24,850,000 PLN 6,380,793 USD Morgan Stanley 09/15/2021 — (107,401)
403,000,000 SEK 46,922,861 USD Morgan Stanley 09/15/2021 217,603 —
55,238,000 SEK 6,324,550 USD Morgan Stanley 09/15/2021 — (77,200)
83,970,000 TRY 10,003,574 USD Morgan Stanley 09/15/2021 — (26,836)
15,957,694 USD 21,900,000 AUD Morgan Stanley 09/15/2021 64,580 —
568,478 USD 750,000 AUD Morgan Stanley 09/15/2021 — (19,770)
12,491,667 USD 65,585,000 BRL Morgan Stanley 09/15/2021 169,035 —
35,424,113 USD 45,250,000 CAD Morgan Stanley 09/15/2021 440,880 —
36,712,875 USD 45,300,000 CAD Morgan Stanley 09/15/2021 — (808,252)
36,892,813 USD 33,750,000 CHF Morgan Stanley 09/15/2021 — (24,860)
18,776,092 USD 15,500,000 EUR Morgan Stanley 09/15/2021 — (469,430)
44,683,753 USD 32,350,000 GBP Morgan Stanley 09/15/2021 — (205,673)
6,553,320 USD 482,285,000 INR Morgan Stanley 09/15/2021 44,221 —
13,145,057 USD 959,300,000 INR Morgan Stanley 09/15/2021 — (22,069)
39,727,372 USD 4,350,000,000 JPY Morgan Stanley 09/15/2021 — (182,588)
18,491,351 USD 21,400,170,000 KRW Morgan Stanley 09/15/2021 — (32,784)
21,354,646 USD 432,015,000 MXN Morgan Stanley 09/15/2021 116,362 —
3,442,532 USD 31,000,000 NOK Morgan Stanley 09/15/2021 123,102 —
15,044,114 USD 127,750,000 NOK Morgan Stanley 09/15/2021 — (350,253)
33,977,095 USD 48,250,000 NZD Morgan Stanley 09/15/2021 22,267 —
20,494,163 USD 79,155,000 PLN Morgan Stanley 09/15/2021 172,761 —
6,492,065 USD 24,850,000 PLN Morgan Stanley 09/15/2021 — (3,870)
90,845,854 USD 786,405,000 SEK Morgan Stanley 09/15/2021 293,719 —
35,305,230 USD 292,250,000 SEK Morgan Stanley 09/15/2021 — (1,435,227)
9,449,072 USD 83,970,000 TRY Morgan Stanley 09/15/2021 581,338 —
4,950,505 USD 74,265,000 ZAR Morgan Stanley 09/15/2021 152,498 —
15,832,894 USD 226,995,000 ZAR Morgan Stanley 09/15/2021 — (235,287)
301,260,000 ZAR 20,636,225 USD Morgan Stanley 09/15/2021 — (64,385)
13,700,000 AUD 10,020,865 USD Morgan Stanley 12/15/2021 — (6,628)
22,400,000 CAD 17,751,292 USD Morgan Stanley 12/15/2021 — (878)
25,200,000 GBP 34,678,224 USD Morgan Stanley 12/15/2021 25,278 —
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
13
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives 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 ($)
959,300,000 INR 13,002,521 USD Morgan Stanley 12/15/2021 625 —
21,400,170,000 KRW 18,448,073 USD Morgan Stanley 12/15/2021 1,447 —
46,900,000 NZD 33,019,007 USD Morgan Stanley 12/15/2021 — (5,440)
24,850,000 PLN 6,492,149 USD Morgan Stanley 12/15/2021 3,972 —
203,674 USD 1,070,000 BRL Morgan Stanley 12/15/2021 — (201)
1,537,971 USD 1,400,000 CHF Morgan Stanley 12/15/2021 — (5,066)
14,687,304 USD 12,400,000 EUR Morgan Stanley 12/15/2021 — (15,111)
26,430,915 USD 2,900,000,000 JPY Morgan Stanley 12/15/2021 — (46,254)
6,748,818 USD 137,740,000 MXN Morgan Stanley 12/15/2021 13,880 —
4,774,121 USD 41,500,000 NOK Morgan Stanley 12/15/2021 — (3,311)
42,529,177 USD 365,500,000 SEK Morgan Stanley 12/15/2021 — (140,099)
9,619,548 USD 83,970,000 TRY Morgan Stanley 12/15/2021 — (40,948)
20,405,592 USD 301,260,000 ZAR Morgan Stanley 12/15/2021 52,736 —
Total       33,954,354 (33,639,757)
    
Long futures contracts
Description Number of
contracts 		Expiration
date 		Trading
currency 		Notional
amount 		Value/Unrealized
appreciation ($) 		Value/Unrealized
depreciation ($)
Amsterdam Index 5 09/2021 EUR 787,400 20,241 —
Australian 10-Year Bond 358 09/2021 AUD 52,199,611 1,383,419 —
Australian 10-Year Bond 406 09/2021 AUD 59,198,442 1,066,316 —
Bist 30 Index 3,115 10/2021 TRY 50,587,600 — (4,686)
Brent Crude 70 09/2021 USD 5,014,100 125,137 —
CAC40 Index 261 09/2021 EUR 17,429,580 — (390,678)
Canadian Government 10-Year Bond 112 12/2021 CAD 16,366,560 — (30,773)
Canadian Government 10-Year Bond 78 12/2021 CAD 11,398,140 — (42,672)
Copper 1 09/2021 USD 238,131 — (1,671)
Copper 12 12/2021 USD 2,856,375 42,402 —
Copper 60 12/2021 USD 6,562,500 184,453 —
Corn 198 12/2021 USD 5,289,075 — (106,999)
Corn 77 12/2021 USD 2,056,863 — (134,944)
Cotton 79 12/2021 USD 3,654,935 — (80,344)
DAX Index 32 09/2021 EUR 12,640,000 68,819 —
EURO STOXX 50 Index 304 09/2021 EUR 12,711,760 237,217 —
EURO STOXX 50 Index 22 09/2021 EUR 919,930 6,252 —
EURO STOXX 50 Index 609 09/2021 EUR 25,465,335 — (61,857)
Euro-Bund 352 09/2021 EUR 61,758,400 1,646,062 —
FTSE China A50 Index 27 09/2021 USD 398,358 — (5,272)
FTSE/JSE Top 40 Index 6 09/2021 ZAR 3,626,040 — (5,225)
FTSE/MIB Index 96 09/2021 EUR 12,484,800 178,439 —
FTSE/MIB Index 119 09/2021 EUR 15,475,950 106,604 —
Gold 100 oz. 15 12/2021 USD 2,727,150 — (11,736)
Hang Seng Index 76 09/2021 HKD 97,865,200 184,233 —
IBEX 35 Index 106 09/2021 EUR 9,356,620 — (48,744)
KLCI Index 10 09/2021 MYR 794,250 3,955 —
KOSPI 200 Index 146 09/2021 KRW 15,311,750,000 — (196)
Lead 6 12/2021 USD 337,875 — (2,828)
Live Cattle 1 10/2021 USD 50,760 — (236)
Mexican Bolsa IPC Index 9 09/2021 MXN 4,791,600 13,286 —
MSCI EAFE Index 1 09/2021 USD 117,575 139 —
MSCI Emerging Markets Index 484 09/2021 USD 31,440,640 — (1,778,990)
NASDAQ 100 Index E-mini 7 09/2021 USD 2,181,550 63,257 —
Natural Gas 53 09/2021 USD 2,319,810 165,473 —
Nickel 15 09/2021 USD 1,761,075 69,580 —
Nickel 16 12/2021 USD 1,876,416 49,309 —
Nikkei 225 Index 21 09/2021 JPY 591,780,000 — (81,187)
NY Harbor ULSD Heat Oil 32 09/2021 USD 2,862,989 82,683 —
14 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Long futures contracts (continued)
Description Number of
contracts 		Expiration
date 		Trading
currency 		Notional
amount 		Value/Unrealized
appreciation ($) 		Value/Unrealized
depreciation ($)
NY Harbor ULSD Heat Oil 4 09/2021 USD 357,874 9,978 —
OMXS30 Index 271 09/2021 SEK 63,786,625 — (68,547)
Primary Aluminum 31 09/2021 USD 2,102,575 161,321 —
Primary Aluminum 49 12/2021 USD 3,328,019 66,855 —
RBOB Gasoline 11 09/2021 USD 989,558 40,050 —
RBOB Gasoline 3 09/2021 USD 269,879 3,299 —
S&P 500 Index E-mini 76 09/2021 USD 17,177,900 680,692 —
S&P Mid 400 Index E-mini 3 09/2021 USD 825,600 6,834 —
SGX Nifty Index 110 09/2021 USD 3,767,610 114,290 —
SGX Nifty Index 1 09/2021 USD 34,251 786 —
Soybean 113 11/2021 USD 7,302,625 — (222,090)
Soybean Meal 2 12/2021 USD 69,120 — (3,774)
Soybean Oil 238 10/2021 USD 8,409,492 — (246,306)
Soybean Oil 2 12/2021 USD 70,500 2 —
SPI 200 Index 144 09/2021 AUD 26,917,200 337,016 —
TOPIX Index 189 09/2021 JPY 3,712,905,000 202,004 —
TOPIX Index 46 09/2021 JPY 903,670,000 137,331 —
U.S. Treasury 10-Year Note 1,574 12/2021 USD 210,055,219 259,986 —
U.S. Treasury 10-Year Note 396 12/2021 USD 52,847,438 16,332 —
U.S. Ultra Treasury Bond 52 12/2021 USD 10,258,625 74,638 —
WIG 20 Index 374 09/2021 PLN 17,525,640 161,285 —
WTI Crude 155 09/2021 USD 10,617,500 194,028 —
WTI Crude 31 09/2021 USD 2,123,500 39,639 —
Zinc 38 12/2021 USD 2,855,463 — (6,862)
Total         8,203,642 (3,336,617)
    
Short futures contracts
Description Number of
contracts 		Expiration
date 		Trading
currency 		Notional
amount 		Value/Unrealized
appreciation ($) 		Value/Unrealized
depreciation ($)
10-Year Mini Japanese Government Bond (1) 09/2021 JPY (15,216,000) — (612)
CAC40 Index (23) 09/2021 EUR (1,535,940) 34,339 —
Coffee (109) 12/2021 USD (8,007,413) — (547,789)
DAX Index (29) 09/2021 EUR (11,455,000) — (281,203)
DJIA Index E-mini (12) 09/2021 USD (2,120,400) — (39,636)
Euro Buxl (3) 09/2021 EUR (637,560) — (24,260)
Euro-Bobl (53) 09/2021 EUR (7,153,410) — (58,548)
Euro-Bobl (38) 12/2021 EUR (5,158,500) 9,116 —
Euro-BTP (16) 09/2021 EUR (2,452,640) — (63,691)
Euro-Bund (156) 09/2021 EUR (27,370,200) — (138,260)
Euro-Bund (374) 09/2021 EUR (65,618,300) — (179,691)
Euro-Bund (304) 12/2021 EUR (52,452,160) 70,454 —
Euro-OAT (28) 09/2021 EUR (4,513,040) — (48,966)
Euro-Schatz (222) 09/2021 EUR (24,926,160) — (30,716)
FTSE 100 Index (564) 09/2021 GBP (40,024,260) 79,082 —
FTSE 100 Index (69) 09/2021 GBP (4,896,585) 32,036 —
FTSE 100 Index (246) 09/2021 GBP (17,457,390) — (21,758)
FTSE China A50 Index (799) 09/2021 USD (11,788,446) 346,288 —
FTSE Taiwan Index (12) 09/2021 USD (728,760) — (18,704)
FTSE Taiwan Index (22) 09/2021 USD (1,336,060) — (41,625)
FTSE/JSE Top 40 Index (33) 09/2021 ZAR (19,943,220) 25,206 —
Gold 100 oz. (2) 12/2021 USD (363,620) — (1,234)
Hang Seng Index (9) 09/2021 HKD (11,589,300) — (11,347)
H-Shares Index (21) 09/2021 HKD (9,602,250) — (29,733)
IBEX 35 Index (206) 09/2021 EUR (18,183,620) 124,476 —
Japanese 10-Year Government Bond (4) 09/2021 JPY (608,640,000) — (24,775)
Japanese 10-Year Government Bond (58) 09/2021 JPY (8,825,280,000) — (179,061)
Lean Hogs (182) 10/2021 USD (6,464,640) 93,358 —
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
15
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Short futures contracts (continued)
Description Number of
contracts 		Expiration
date 		Trading
currency 		Notional
amount 		Value/Unrealized
appreciation ($) 		Value/Unrealized
depreciation ($)
Long Gilt (224) 12/2021 GBP (28,725,760) 206,161 —
Long Gilt (78) 12/2021 GBP (10,002,720) 64,323 —
Mexican Bolsa IPC Index (346) 09/2021 MXN (184,210,400) — (197,556)
MSCI Emerging Markets Index (11) 09/2021 USD (714,560) — (14,236)
MSCI Singapore Index (10) 09/2021 SGD (352,150) 3,286 —
Natural Gas (53) 09/2021 USD (2,319,810) — (276,037)
OMXS30 Index (67) 09/2021 SEK (15,770,125) 13,023 —
Primary Aluminum (30) 09/2021 USD (2,034,750) — (116,507)
Russell 2000 Index E-mini (1) 09/2021 USD (113,560) — (4,316)
S&P 500 Index E-mini (101) 09/2021 USD (22,828,525) — (417,327)
S&P/TSX 60 Index (28) 09/2021 CAD (6,887,440) — (66,085)
S&P/TSX 60 Index (56) 09/2021 CAD (13,774,880) — (97,164)
S&P/TSX 60 Index (113) 09/2021 CAD (27,795,740) — (258,594)
SGX Nifty Index (268) 09/2021 USD (9,179,268) — (224,087)
Silver (7) 12/2021 USD (840,210) 3,978 —
Silver (34) 12/2021 USD (4,081,020) — (15,892)
Soybean (16) 11/2021 USD (1,034,000) 42,589 —
SPI 200 Index (35) 09/2021 AUD (6,542,375) — (193,742)
SPI 200 Index (159) 09/2021 AUD (29,721,075) — (515,738)
Sugar #11 (218) 09/2021 USD (4,844,134) — (684,291)
Thai SET50 Index (688) 09/2021 THB (135,508,480) — (194,861)
U.S. Long Bond (30) 12/2021 USD (4,889,063) — (22,563)
U.S. Treasury 2-Year Note (406) 12/2021 USD (89,453,219) — (65,018)
U.S. Treasury 5-Year Note (1,214) 12/2021 USD (150,194,563) — (335,963)
U.S. Ultra Treasury Bond (57) 12/2021 USD (11,245,031) 42,656 —
Wheat (176) 12/2021 USD (6,355,800) 87,490 —
Wheat (61) 12/2021 USD (2,202,863) 21,202 —
Zinc (17) 09/2021 USD (1,274,575) — (10,346)
Total         1,299,063 (5,451,932)
    
Put option contracts purchased
Description Counterparty Trading
currency 		Notional
amount 		Number of
contracts 		Exercise
price/Rate 		Expiration
date 		Cost ($) Value ($)
10-Year OTC interest rate swap with Citi to receive 3-Month USD LIBOR BBA and pay exercise rate Citi USD 18,000,000 18,000,000 1.00 09/30/2021 313,200 589,941
10-Year OTC interest rate swap with Citi to receive 3-Month USD LIBOR BBA and pay exercise rate Citi USD 70,000,000 70,000,000 1.25 11/16/2021 980,000 1,282,050
10-Year OTC interest rate swap with Citi to receive 3-Month USD LIBOR BBA and pay exercise rate Citi USD 17,000,000 17,000,000 1.25 12/03/2021 263,500 343,097
10-Year OTC interest rate swap with Citi to receive 3-Month USD LIBOR BBA and pay exercise rate Citi USD 15,000,000 15,000,000 1.75 07/15/2022 259,500 227,858
5-Year OTC interest rate swap with Morgan Stanley to receive 3-Month USD LIBOR BBA and pay exercise rate Morgan Stanley USD 35,000,000 35,000,000 1.50 05/20/2022 367,500 158,235
Total             2,183,700 2,601,181
    
16 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Call option contracts purchased
Description Counterparty Trading
currency 		Notional
amount 		Number of
contracts 		Exercise
price/Rate 		Expiration
date 		Cost ($) Value ($)
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA Citi USD 17,200,000 17,200,000 1.00 01/21/2022 146,200 75,147
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA Citi USD 14,500,000 14,500,000 1.10 01/24/2022 133,400 93,489
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA Citi USD 17,500,000 17,500,000 1.00 07/08/2022 178,500 137,870
10-Year OTC interest rate swap with Morgan Stanley to receive exercise rate and pay 3-Month USD LIBOR BBA Morgan Stanley USD 42,000,000 42,000,000 1.00 01/20/2022 396,900 181,473
Total             855,000 487,979
    
Put option contracts written
Description Counterparty Trading
currency 		Notional
amount 		Number of
contracts 		Exercise
price/Rate 		Expiration
date 		Premium
received ($) 		Value ($)
10-Year OTC interest rate swap with Citi to receive exercise rate and pay 3-Month USD LIBOR BBA Citi USD (15,000,000) (15,000,000) 2.20 03/17/2022 (280,500) (43,839)
10-Year OTC interest rate swap with Morgan Stanley to receive exercise rate and pay 3-Month USD LIBOR BBA Morgan Stanley USD (70,000,000) (70,000,000) 1.55 02/11/2022 (1,141,000) (875,427)
Total             (1,421,500) (919,266)
    
Call option contracts written
Description Counterparty Trading
currency 		Notional
amount 		Number of
contracts 		Exercise
price/Rate 		Expiration
date 		Premium
received ($) 		Value ($)
10-Year OTC interest rate swap with Morgan Stanley to receive 3-Month USD LIBOR BBA and pay exercise rate Morgan Stanley USD (30,000,000) (30,000,000) 1.70 10/01/2021 (414,750) (1,067,859)
    
Cleared interest rate swap contracts
Fund receives Fund pays Payment
frequency 		Counterparty Maturity
date 		Notional
currency 		Notional
amount 		Value
($) 		Upfront
payments
($) 		Upfront
receipts
($) 		Unrealized
appreciation
($) 		Unrealized
depreciation
($)
Fixed rate of 0.750% 3-Month CAD Canada Bankers’ Acceptances Receives SemiAnnually, Pays Quarterly Credit Suisse 09/13/2023 CAD 37,400,000 28,263 — — 28,263 —
Fixed rate of 0.750% 3-Month CAD Canada Bankers’ Acceptances Receives SemiAnnually, Pays Quarterly Credit Suisse 09/13/2023 CAD 29,100,000 (6,001) — — — (6,001)
3-Month AUD BBSW Fixed rate of 0.500% Receives Quarterly, Pays Quarterly Credit Suisse 12/07/2023 AUD 28,700,000 (16,424) — — — (16,424)
Fixed rate of 1.000% 3-Month CAD Canada Bankers’ Acceptances Receives SemiAnnually, Pays Quarterly Credit Suisse 12/13/2023 CAD 210,400,000 169,960 — — 169,960 —
3-Month NZD LIBOR Fixed rate of 0.010% Receives Quarterly, Pays SemiAnnually Credit Suisse 12/13/2023 NZD 19,700,000 27,776 — — 27,776 —
3-Month USD LIBOR Fixed rate of 0.500% Receives Quarterly, Pays SemiAnnually Credit Suisse 12/15/2023 USD 281,700,000 83,956 — — 83,956 —
6-Month EURIBOR Fixed rate of -0.500% Receives SemiAnnually, Pays Annually Credit Suisse 12/15/2023 EUR 50,000,000 16,924 — — 16,924 —
3-Month USD LIBOR Fixed rate of 0.500% Receives Quarterly, Pays SemiAnnually Credit Suisse 12/15/2023 USD 101,500,000 (13,868) — — — (13,868)
SONIA Fixed rate of 0.250% Receives Annually, Pays Annually Credit Suisse 12/15/2023 GBP 377,400,000 (215,744) — — — (215,744)
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
17
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Cleared interest rate swap contracts (continued)
Fund receives Fund pays Payment
frequency 		Counterparty Maturity
date 		Notional
currency 		Notional
amount 		Value
($) 		Upfront
payments
($) 		Upfront
receipts
($) 		Unrealized
appreciation
($) 		Unrealized
depreciation
($)
6-Month EURIBOR Fixed rate of -0.500% Receives SemiAnnually, Pays Annually Credit Suisse 12/15/2023 EUR 272,600,000 (219,657) — — — (219,657)
6-Month JPY BBA LIBOR Fixed rate of 0.000% Receives SemiAnnually, Pays SemiAnnually Credit Suisse 12/20/2023 JPY 31,333,500,000 47,453 — — 47,453 —
Fixed rate of 1.500% 6-Month NOK NIBOR Receives Annually, Pays SemiAnnually Credit Suisse 12/20/2023 NOK 244,800,000 33,354 — — 33,354 —
Fixed rate of 1.500% 6-Month NOK NIBOR Receives Annually, Pays SemiAnnually Credit Suisse 12/20/2023 NOK 74,100,000 (2,560) — — — (2,560)
Fixed rate of 0.000% 3-Month SEK STIBOR Receives Annually, Pays Quarterly Credit Suisse 12/20/2023 SEK 83,100,000 (5,931) — — — (5,931)
Fixed rate of 1.000% 6-Month NOK NIBOR Receives Annually, Pays SemiAnnually Credit Suisse 12/20/2023 NOK 661,500,000 (114,880) — — — (114,880)
6-Month CHF LIBOR Fixed rate of -0.500% Receives SemiAnnually, Pays Annually Credit Suisse 12/20/2023 CHF 113,700,000 (120,182) — — — (120,182)
3-Month AUD BBSW Fixed rate of 0.500% Receives Quarterly, Pays Quarterly Credit Suisse 03/07/2024 AUD 4,000,000 187 — — 187 —
3-Month NZD LIBOR Fixed rate of 0.015% Receives Quarterly, Pays SemiAnnually Credit Suisse 03/13/2024 NZD 22,900,000 32,075 — — 32,075 —
Fixed rate of 1.000% 3-Month CAD Canada Bankers’ Acceptances Receives SemiAnnually, Pays Quarterly Credit Suisse 03/14/2024 CAD 22,200,000 16,010 — — 16,010 —
6-Month EURIBOR Fixed rate of -0.500% Receives SemiAnnually, Pays Annually Credit Suisse 03/16/2024 EUR 302,000,000 49,419 — — 49,419 —
3-Month USD LIBOR Fixed rate of 0.500% Receives Quarterly, Pays SemiAnnually Credit Suisse 03/16/2024 USD 87,500,000 (50,049) — — — (50,049)
3-Month SEK STIBOR Fixed rate of 0.000% Receives Quarterly, Pays Annually Credit Suisse 03/20/2024 SEK 772,000,000 31,712 — — 31,712 —
6-Month CHF LIBOR Fixed rate of -0.500% Receives SemiAnnually, Pays Annually Credit Suisse 03/20/2024 CHF 17,100,000 (888) — — — (888)
6-Month JPY BBA LIBOR Fixed rate of 0.000% Receives SemiAnnually, Pays SemiAnnually Credit Suisse 03/20/2024 JPY 22,945,300,000 (5,512) — — — (5,512)
Fixed rate of 1.500% 6-Month NOK NIBOR Receives Annually, Pays SemiAnnually Credit Suisse 03/20/2024 NOK 800,700,000 (26,839) — — — (26,839)
Fixed rate of 2.000% 3-Month NZD LIBOR Receives SemiAnnually, Pays Quarterly Credit Suisse 12/10/2031 NZD 4,200,000 (11,986) — — — (11,986)
Fixed rate of 2.000% 6-Month AUD BBSW Receives SemiAnnually, Pays SemiAnnually Credit Suisse 12/11/2031 AUD 5,500,000 146,842 — — 146,842 —
3-Month CAD Canada Bankers’ Acceptances Fixed rate of 2.000% Receives Quarterly, Pays SemiAnnually Credit Suisse 12/13/2031 CAD 15,800,000 (258,746) — — — (258,746)
Fixed rate of 0.000% 6-Month EURIBOR Receives Annually, Pays SemiAnnually Credit Suisse 12/15/2031 EUR 45,700,000 849,956 — — 849,956 —
SONIA Fixed rate of 0.750% Receives Annually, Pays Annually Credit Suisse 12/15/2031 GBP 53,700,000 472,134 — — 472,134 —
Fixed rate of 1.750% 3-Month USD LIBOR Receives SemiAnnually, Pays Quarterly Credit Suisse 12/15/2031 USD 9,800,000 317,319 — — 317,319 —
Fixed rate of 0.000% 6-Month EURIBOR Receives Annually, Pays SemiAnnually Credit Suisse 12/15/2031 EUR 10,500,000 (54,380) — — — (54,380)
Fixed rate of 0.000% 6-Month CHF LIBOR Receives Annually, Pays SemiAnnually Credit Suisse 12/17/2031 CHF 3,900,000 64,536 — — 64,536 —
3-Month SEK STIBOR Fixed rate of 1.000% Receives Quarterly, Pays Annually Credit Suisse 12/17/2031 SEK 39,800,000 33,286 — — 33,286 —
Fixed rate of 0.000% 6-Month JPY BBA LIBOR Receives SemiAnnually, Pays SemiAnnually Credit Suisse 12/17/2031 JPY 1,452,000,000 (632) — — — (632)
18 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Cleared interest rate swap contracts (continued)
Fund receives Fund pays Payment
frequency 		Counterparty Maturity
date 		Notional
currency 		Notional
amount 		Value
($) 		Upfront
payments
($) 		Upfront
receipts
($) 		Unrealized
appreciation
($) 		Unrealized
depreciation
($)
Fixed rate of 0.015% 6-Month NOK NIBOR Receives Annually, Pays SemiAnnually Credit Suisse 12/17/2031 NOK 47,000,000 (28,646) — — — (28,646)
Fixed rate of 0.000% 6-Month CHF LIBOR Receives Annually, Pays SemiAnnually Credit Suisse 12/17/2031 CHF 5,500,000 (43,541) — — — (43,541)
Fixed rate of 1.500% 6-Month AUD BBSW Receives SemiAnnually, Pays SemiAnnually Credit Suisse 03/11/2032 AUD 900,000 (1,764) — — — (1,764)
3-Month CAD Canada Bankers’ Acceptances Fixed rate of 2.000% Receives Quarterly, Pays SemiAnnually Credit Suisse 03/14/2032 CAD 13,800,000 28,130 — — 28,130 —
3-Month CAD Canada Bankers’ Acceptances Fixed rate of 2.000% Receives Quarterly, Pays SemiAnnually Credit Suisse 03/14/2032 CAD 6,800,000 (6,342) — — — (6,342)
Fixed rate of 0.250% 6-Month EURIBOR Receives Annually, Pays SemiAnnually Credit Suisse 03/16/2032 EUR 26,100,000 (60,989) — — — (60,989)
Fixed rate of 0.000% 6-Month CHF LIBOR Receives Annually, Pays SemiAnnually Credit Suisse 03/17/2032 CHF 1,300,000 (637) — — — (637)
Fixed rate of 0.000% 6-Month JPY BBA LIBOR Receives SemiAnnually, Pays SemiAnnually Credit Suisse 03/17/2032 JPY 1,906,500,000 (10,541) — — — (10,541)
6-Month EURIBOR Fixed rate of -0.226% Receives SemiAnnually, Pays Annually Morgan Stanley 08/05/2030 EUR 18,523,000 250,388 — — 250,388 —
6-Month EURIBOR Fixed rate of -0.148% Receives SemiAnnually, Pays Annually Morgan Stanley 09/03/2030 EUR 11,608,000 53,754 — — 53,754 —
6-Month JPY BBA LIBOR Fixed rate of 0.066% Receives SemiAnnually, Pays SemiAnnually Morgan Stanley 09/03/2030 JPY 3,752,713,000 (121,787) — — — (121,787)
Fixed rate of -0.283% 6-Month EURIBOR Receives Annually, Pays SemiAnnually Morgan Stanley 01/06/2031 EUR 6,820,000 (170,779) — — — (170,779)
Fixed rate of 1.382% 3-Month CAD Canada Bankers’ Acceptances Receives SemiAnnually, Pays SemiAnnually Morgan Stanley 02/01/2031 CAD 24,535,000 (507,426) — — — (507,426)
3-Month SEK STIBOR Fixed rate of 0.450% Receives Quarterly, Pays Annually Morgan Stanley 02/03/2031 SEK 241,363,000 309,019 — — 309,019 —
6-Month JPY BBA LIBOR Fixed rate of 0.070% Receives SemiAnnually, Pays SemiAnnually Morgan Stanley 02/03/2031 JPY 2,454,600,000 (59,990) — — — (59,990)
Fixed rate of 1.751% 3-Month USD LIBOR Receives SemiAnnually, Pays Quarterly Morgan Stanley 04/07/2031 USD 8,119,000 390,869 — — 390,869 —
Fixed rate of 1.952% 3-Month CAD Canada Bankers’ Acceptances Receives SemiAnnually, Pays SemiAnnually Morgan Stanley 05/03/2031 CAD 9,400,000 208,726 — — 208,726 —
Fixed rate of 1.627% 3-Month USD LIBOR Receives SemiAnnually, Pays Quarterly Morgan Stanley 06/03/2031 USD 9,376,000 297,684 — — 297,684 —
Fixed rate of 1.960% 3-Month NZD LIBOR Receives SemiAnnually, Pays Quarterly Morgan Stanley 06/03/2031 NZD 8,430,000 13,622 — — 13,622 —
3-Month SEK STIBOR Fixed rate of 0.755% Receives Quarterly, Pays Annually Morgan Stanley 07/05/2031 SEK 283,245,000 (471,579) — — — (471,579)
Fixed rate of 0.543% SONIA Receives Annually, Pays Annually Morgan Stanley 08/02/2031 GBP 4,490,000 (54,600) — — — (54,600)
Fixed rate of 1.578% 3-Month CAD Canada Bankers’ Acceptances Receives SemiAnnually, Pays SemiAnnually Morgan Stanley 08/03/2031 CAD 21,590,000 (207,873) — — — (207,873)
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
19
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Cleared interest rate swap contracts (continued)
Fund receives Fund pays Payment
frequency 		Counterparty Maturity
date 		Notional
currency 		Notional
amount 		Value
($) 		Upfront
payments
($) 		Upfront
receipts
($) 		Unrealized
appreciation
($) 		Unrealized
depreciation
($)
6-Month AUD BBSW Fixed rate of 1.250% Receives SemiAnnually, Pays SemiAnnually Morgan Stanley 08/04/2031 AUD 18,274,000 108,139 — — 108,139 —
Fixed rate of 1.259% 3-Month USD LIBOR Receives SemiAnnually, Pays Quarterly Morgan Stanley 08/04/2031 USD 13,739,000 (92,493) — — — (92,493)
Total             1,118,227 — — 4,081,493 (2,963,266)
    
Credit default swap contracts - sell protection
Reference
entity 		Counterparty Maturity
date 		Receive
fixed
rate
(%) 		Payment
frequency 		Implied
credit
spread
(%)* 		Notional
currency 		Notional
amount 		Value
($) 		Periodic
payments
receivable
(payable)
($) 		Upfront
payments
($) 		Upfront
receipts
($) 		Unrealized
appreciation
($) 		Unrealized
depreciation
($)
Markit CMBX North America Index, Series 10 BBB- Morgan Stanley 11/17/2059 3.000 Monthly 5.009 USD 5,000,000 (448,437) 2,916 — (983,057) 537,536 —
Markit CMBX North America Index, Series 10 BBB- Morgan Stanley 11/17/2059 3.000 Monthly 5.009 USD 3,000,000 (269,062) 1,749 — (690,967) 423,654 —
Markit CMBX North America Index, Series 10 BBB- Morgan Stanley 11/17/2059 3.000 Monthly 5.009 USD 3,500,000 (313,906) 2,042 — (671,177) 359,313 —
Markit CMBX North America Index, Series 10 BBB- Morgan Stanley 11/17/2059 3.000 Monthly 5.009 USD 2,500,000 (224,219) 1,458 — (506,505) 283,744 —
Markit CMBX North America Index, Series 10 BBB- Morgan Stanley 11/17/2059 3.000 Monthly 5.009 USD 2,000,000 (179,375) 1,167 — (446,436) 268,228 —
Markit CMBX North America Index, Series 10 BBB- Morgan Stanley 11/17/2059 3.000 Monthly 5.009 USD 1,200,000 (107,625) 700 — (284,870) 177,945 —
Markit CMBX North America Index, Series 10 BBB- Morgan Stanley 11/17/2059 3.000 Monthly 5.009 USD 2,000,000 (179,375) 1,166 — (322,727) 144,518 —
Markit CMBX North America Index, Series 10 BBB- Morgan Stanley 11/17/2059 3.000 Monthly 5.009 USD 5,000,000 (448,437) 2,916 — (586,456) 140,935 —
Markit CMBX North America Index, Series 10 BBB- Morgan Stanley 11/17/2059 3.000 Monthly 5.009 USD 750,000 (67,266) 438 — (125,238) 58,410 —
Markit CMBX North America Index, Series 11 BBB- Morgan Stanley 11/18/2054 3.000 Monthly 3.839 USD 4,000,000 (178,750) 2,333 — (782,420) 606,003 —
Markit CMBX North America Index, Series 12 BBB- Morgan Stanley 08/17/2061 3.000 Monthly 3.835 USD 3,000,000 (148,707) 1,749 — (441,637) 294,679 —
Total               (2,565,159) 18,634 — (5,841,490) 3,294,965 —
    
* 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.
    
20 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Total return swap contracts
Fund receives Fund pays Payment
frequency 		Counterparty Maturity
date 		Notional
currency 		Notional
amount 		Value
($) 		Periodic
payments
receivable
(payable)
($) 		Upfront
payments
($) 		Upfront
receipts
($) 		Unrealized
appreciation
($) 		Unrealized
depreciation
($)
Total return on MSCI Netherlands Net Return EUR Index 1-Month EURIBOR plus 0.001% Monthly JPMorgan 09/15/2021 EUR 2,337,384 107,637 504 — — 108,141 —
1-Month EURIBOR minus 0.009% Total return on MSCI Spain Net Return EUR Index Monthly JPMorgan 09/15/2021 EUR 1,463,470 21,664 (913) — — 20,751 —
1-Month SGD SOR Total return on MSCI Singapore Net Return SGD Index Monthly JPMorgan 09/15/2021 SGD 893,538 15,972 62 — — 16,034 —
1-Month EURIBOR minus 0.009% Total return on MSCI Spain Net Return EUR Index Monthly JPMorgan 09/15/2021 EUR 640,505 9,481 (399) — — 9,082 —
1-Month EURIBOR minus 0.009% Total return on MSCI Spain Net Return EUR Index Monthly JPMorgan 09/15/2021 EUR 627,743 9,293 (392) — — 8,901 —
1-Month EURIBOR minus 0.009% Total return on MSCI Spain Net Return EUR Index Monthly JPMorgan 09/15/2021 EUR 625,350 9,257 (390) — — 8,867 —
1-Month EURIBOR minus 0.009% Total return on MSCI Spain Net Return EUR Index Monthly JPMorgan 09/15/2021 EUR 624,951 9,251 (390) — — 8,861 —
1-Month EURIBOR minus 0.009% Total return on MSCI Spain Net Return EUR Index Monthly JPMorgan 09/15/2021 EUR 612,986 9,074 (382) — — 8,692 —
1-Month GBP LIBOR plus 0.002% Total return on MSCI United Kingdom Net Return GBP Index Monthly JPMorgan 09/15/2021 GBP 196,310 (136) — — — — (136)
Total return on MSCI Hong Kong Net Return HKD Index 1-Month HKD HIBOR plus 0.002% Monthly JPMorgan 09/15/2021 HKD 1,294,756 (1,914) (16) — — — (1,930)
Total return on MSCI Italy Net Return EUR Index 1-Month EURIBOR minus 0.002% Monthly JPMorgan 09/15/2021 EUR 303,111 (6,221) 72 — — — (6,149)
Overnight BRL CDI minus 0.004% Total return on MSCI Brazil Net Return BRL Index Monthly JPMorgan 09/15/2021 BRL 6,222,125 (11,096) 2,242 — — — (8,854)
Total             172,262 (2) — — 189,329 (17,069)
    
Total return swap contracts on futures
Reference instrument* Counterparty Expiration
date 		Trading
currency 		Notional amount
long(short) 		Upfront
payments ($) 		Upfront
receipts ($) 		Value/Unrealized
appreciation
($) 		Value/Unrealized
depreciation
($)
KOSPI 200 Index Sep 21 Citi 09/2021 KRW 104,875,000 — — — (2,971)
Soybean Oil Dec 21 Citi 12/2021 USD 528,750 — — — (56,576)
Bist 30 Index Oct 21 Goldman Sachs 10/2021 TRY 2,744,560 — — 895 —
DTOP Index Sep 21 Goldman Sachs 09/2021 ZAR (119,980) — — — (8)
WIG 20 Index Sep 21 Goldman Sachs 09/2021 PLN 7,497,600 — — 73,278 —
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
21
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Total return swap contracts on futures (continued)
Reference instrument* Counterparty Expiration
date 		Trading
currency 		Notional amount
long(short) 		Upfront
payments ($) 		Upfront
receipts ($) 		Value/Unrealized
appreciation
($) 		Value/Unrealized
depreciation
($)
KOSPI 200 Index Sep 21 JPMorgan 09/2021 KRW 209,750,000 — — — (5,640)
TAIEX Index Sep 21 JPMorgan 09/2021 TWD 76,802,000 — — 115,876 —
Bist 30 Index Oct 21 Morgan Stanley 10/2021 TRY 1,948,800 — — 749 —
Hang Seng Index Sep 21 Morgan Stanley 09/2021 HKD 34,767,900 — — 63,049 —
H-Shares Index Sep 21 Morgan Stanley 09/2021 HKD 13,717,500 — — 34,186 —
Ibovespa Index Oct 21 Morgan Stanley 10/2021 BRL (47,604,400) — — 167,896 —
Ibovespa Index Oct 21 Morgan Stanley 10/2021 BRL 54,150,005 — — — (126,310)
KOSPI 200 Index Sep 21 Morgan Stanley 09/2021 KRW 13,319,125,000 — — — (60,713)
Swiss Market Index Sep 21 Morgan Stanley 09/2021 CHF 11,542,230 — — — (129,426)
Swiss Market Index Sep 21 Morgan Stanley 09/2021 CHF (13,652,100) — — — (630,157)
TAIEX Index Sep 21 Morgan Stanley 09/2021 TWD 41,892,000 — — 64,753 —
Total         — — 520,682 (1,011,801)
    
* If the notional amount of the swap contract is long and the swap contract’s value is positive (negative), the Fund will receive (pay) the total return. If the notional amount of the swap contract is short and the swap contract’s value is positive (negative), the Fund will pay (receive) the total return. Receipts and payments occur upon termination of the contract.
    
Reference index and values for swap contracts as of period end
Reference index   Reference rate
1-Month GBP LIBOR London Interbank Offered Rate 0.051%
1-Month HKD HIBOR Hong Kong Interbank Offered Rate 0.065%
3-Month CAD Canada Bankers’ Acceptances Canada Bankers’ Acceptances 0.219%
3-Month NZD LIBOR London Interbank Offered Rate 0.460%
3-Month SEK STIBOR Stockholm Interbank Offered Rate 0.003%
3-Month USD LIBOR London Interbank Offered Rate 0.120%
6-Month AUD BBSW Bank Bill Swap Rate 0.030%
6-Month EURIBOR Euro Interbank Offered Rate (0.522%)
6-Month JPY BBA LIBOR London Interbank Offered Rate (0.081%)
SONIA Sterling Overnight Index Average 0.050%
1-Month EURIBOR Euro Interbank Offered Rate (0.554%)
3-Month AUD BBSW Bank Bill Swap Rate 0.012%
6-Month CHF LIBOR London Interbank Offered Rate (0.727%)
6-Month NOK NIBOR Norwegian Interbank Offered Rate 0.610%
1-Month SGD SOR Swap Offer Rate 0.161%
Overnight BRL CDI Interbank Certificate of Deposit 0.020%
Notes to Consolidated Portfolio of Investments
(a) Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At August 31, 2021, the total value of these securities amounted to $234,855,800, which represents 27.67% of total net assets.
(b) Variable rate security. The interest rate shown was the current rate as of August 31, 2021.
(c) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At August 31, 2021, the total value of these securities amounted to $19,629,236, which represents 2.31% of total net assets.
(d) Security represents a pool of loans that generate cash payments generally over fixed periods of time. Such securities entitle the security holders to receive distributions (i.e. principal and interest, net of fees and expenses) that are tied to the payments made by the borrower on the underlying loans. Due to the structure of the security the cash payments received are not known until the time of payment. The interest rate shown is the stated coupon rate as of August 31, 2021 and is not reflective of the cash flow payments.
(e) Valuation based on significant unobservable inputs.
22 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Notes to Consolidated Portfolio of Investments  (continued)
(f) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of August 31, 2021.
(g) Represents interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans.
(h) Represents a security purchased on a when-issued basis.
(i) Represents a security purchased on a forward commitment basis.
(j) This security or a portion of this security has been pledged as collateral in connection with derivative contracts.
(k) The rate shown is the seven-day current annualized yield at August 31, 2021.
(l) 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($) 		Realized gain
(loss)($) 		Dividends($) End of
period shares
Columbia Short-Term Cash Fund, 0.061%
  308,299,190 178,228,323 (128,766,896) 3,834 357,764,451 (3,833) 46,647 357,800,231
Abbreviation Legend
CMO Collateralized Mortgage Obligation
LIBOR London Interbank Offered Rate
SOFR Secured Overnight Financing Rate
TBA To Be Announced
Currency Legend
AUD Australian Dollar
BRL Brazilian Real
CAD Canada Dollar
CHF Swiss Franc
CLP Chilean Peso
CNH Yuan Offshore Renminbi
COP Colombian Peso
CZK Czech Koruna
EUR Euro
GBP British Pound
HKD Hong Kong Dollar
HUF Hungarian Forint
IDR Indonesian Rupiah
ILS Israeli Shekel
INR Indian Rupee
JPY Japanese Yen
KRW South Korean Won
MXN Mexican Peso
MYR Malaysian Ringgit
NOK Norwegian Krone
NZD New Zealand Dollar
PHP Philippine Peso
PLN Polish Zloty
RUB Russian Ruble
SEK Swedish Krona
Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
23
Consolidated Portfolio of Investments   (continued)
Columbia Multi Strategy Alternatives Fund, August 31, 2021 (Unaudited)
Currency Legend  (continued)
SGD Singapore Dollar
THB Thailand Baht
TRY Turkish Lira
TWD New Taiwan Dollar
USD US Dollar
ZAR South African Rand
Investments are valued using policies described in the Notes to Consolidated Financial Statements in the most recent shareholder report.
24 Columbia Multi Strategy Alternatives Fund  | Quarterly Report 2021
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