NPORT-EX 4 nportpoi_202.htm
Portfolio of Investments
Wanger International, September 30, 2019 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 98.7%
Issuer Shares Value ($)
Australia 4.6%
carsales.com Ltd.
Automotive & related industry websites 		499,148 5,156,979
Cleanaway Waste Management Ltd.
Waste management services 		1,931,565 2,544,778
Evolution Mining Ltd.
Gold exploration 		1,453,000 4,433,082
National Storage REIT
Owns self storage facilities 		3,224,531 3,907,546
Star Entertainment Group Ltd. (The)
Casinos and hotels 		1,369,950 4,034,448
Total 20,076,833
Belgium 0.7%
Melexis NV
Advanced integrated semiconductors, sensor ICs, and programmable sensor IC systems 		43,729 3,032,885
Brazil 1.9%
Sul America SA
Full service insurance company 		364,600 4,188,343
TOTVS SA
Software solutions 		305,000 4,239,955
Total 8,428,298
Cambodia 1.3%
NagaCorp Ltd.
Leisure and tourism company 		3,698,000 5,783,969
Canada 3.4%
AG Growth International, Inc.
Manufacturer of Augers & Grain Handling Equipment 		96,308 3,236,315
CES Energy Solutions Corp.(a)
Oil and natural gas industry 		1,313,590 2,032,577
Osisko Gold Royalties Ltd.
Precious metal royalty and stream company 		209,719 1,948,629
Parex Resources, Inc.(b)
Oil and gas exploration and production 		144,500 2,214,100
Seven Generations Energy Ltd.(b)
Oil and gas resources 		470,645 2,991,154
Winpak Ltd.
Packaging materials and machines for the protection of perishables 		71,113 2,355,851
Total 14,778,626
Common Stocks (continued)
Issuer Shares Value ($)
China 0.4%
Xiabuxiabu Catering Management China Holdings Co., Ltd.
Chain of restaurants in China 		1,249,000 1,654,595
Cyprus 0.1%
TCS Group Holding PLC, GDR(c)
Online retail financial services 		34,786 608,755
Denmark 2.2%
SimCorp AS
Global provider of highly specialised software for the investment management industry 		106,485 9,352,426
France 2.1%
Akka Technologies
High-technology engineering consulting services 		98,079 6,754,500
Robertet SA
Liquid flavorings, perfumes and associated natural aromatic ingredients 		2,930 2,344,069
Total 9,098,569
Germany 5.9%
Corestate Capital Holding SA(b)
Real estate investment company 		66,700 2,457,249
Deutsche Beteiligungs AG
Private equity company, investing in domestic medium-sized companies 		56,779 2,147,454
Eckert & Ziegler Strahlen- und Medizintechnik AG
Equipment for the pharmaceutical industry 		16,936 2,872,943
Hypoport AG(b)
Technology service provider 		9,996 2,488,196
Stroeer SE & Co. KGaA
Digital multi-channel media company 		55,616 4,234,577
Varta AG(b)
Manufactures and markets a wide range of industrial, commercial and miniaturized batteries 		79,706 7,863,431
Washtec AG
Car, truck and railroad car washing systems 		66,430 3,421,155
Total 25,485,005
Wanger International  | Quarterly Report 2019
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Portfolio of Investments   (continued)
Wanger International, September 30, 2019 (Unaudited)
Common Stocks (continued)
Issuer Shares Value ($)
Hong Kong 2.2%
ASM Pacific Technology Ltd.
Machines, tools & materials used in the semiconductor industry 		228,600 2,789,243
Stella International Holdings Ltd.
Footwear products 		1,359,500 2,116,169
Value Partners Group Ltd.
Independent, value oriented asset management group 		2,913,000 1,469,294
Vitasoy International Holdings Ltd.
Food and beverages 		838,000 3,396,785
Total 9,771,491
India 2.4%
Cholamandalam Investment and Finance Co., Ltd.
Financial services provider 		1,200,905 5,220,529
GRUH Finance Ltd.
Provides a range of home loans as well as insurance products 		680,255 2,589,493
PI Industries Ltd.
Agricultural and fine chemicals and polymers 		151,732 2,798,429
Total 10,608,451
Indonesia 1.2%
PT Link Net Tbk
High-speed internet connection through fiber optic lines 		7,519,100 2,171,773
PT Tower Bersama Infrastructure Tbk
Telecommunication infrastructure services to Indonesian wireless carriers 		7,184,800 3,101,664
Total 5,273,437
Ireland 1.2%
UDG Healthcare PLC
Commercialisation solutions for health care companies 		553,372 5,103,249
Italy 4.1%
Amplifon SpA
Hearing aids 		121,827 2,988,866
Carel Industries SpA
Control solutions for HVAC and humidification systems 		290,013 4,292,635
Freni Brembo SpA
Braking systems and components 		545,320 5,316,474
Industria Macchine Automatiche SpA
Packaging machinery for the food, pharmaceuticals, and cosmetics industries 		76,508 5,353,914
Total 17,951,889
Common Stocks (continued)
Issuer Shares Value ($)
Japan 22.7%
Aeon Credit Service Co., Ltd.
Credit card company 		126,100 1,906,607
Aeon Mall Co., Ltd.
Large-scale shopping malls 		309,600 4,898,280
Aica Kogyo Co., Ltd.
Manufactures adhesives, melamine boards, and housing materials 		70,100 2,076,026
Aruhi Corp.(a)
Finance services 		125,700 2,814,705
Azbil Corp.
Provides measurement and control technologies 		178,028 4,781,099
CyberAgent, Inc.
Operates websites, internet advertising agency and creates PC and mobile contents 		117,700 4,537,012
Daiseki Co., Ltd.
Waste Disposal & Recycling 		97,900 2,518,535
Fuji Oil Holdings, Inc.
Specialty vegetable oils and fats 		162,500 4,726,537
Fuso Chemical Co., Ltd.
Manufactures fruit acid and its salts 		152,000 3,391,744
Glory Ltd.
Vending machines, coin-operated lockers, money handling machines, and data processing terminals 		120,100 3,375,596
Hoshizaki Corp.
Commercial Kitchen Equipment 		34,600 2,727,396
Invesco Office J-REIT, Inc.
Commercial and office buildings 		13,850 2,755,567
KH Neochem Co., Ltd.
Manufactures and sells petroleum chemical products 		133,600 2,927,854
Mandom Corp.
Cosmetic products for men and women 		172,900 4,306,117
Milbon Co., Ltd.
Hair Products for Salons 		90,700 4,487,199
Miura Co., Ltd.
Industrial boilers and related equipment 		94,500 2,650,812
Nakanishi, Inc.
Dental Tools & Machinery 		118,500 1,872,852
Nihon Unisys Ltd.
Computers and peripheral equipment 		83,800 2,708,662
NSD Co., Ltd.
Computer software development 		165,700 4,776,656
Persol Holdings Co., Ltd.
Human resource solutions 		114,100 2,168,683
SCSK Corp.
IT services 		45,500 2,141,228
 
2 Wanger International  | Quarterly Report 2019
Portfolio of Investments   (continued)
Wanger International, September 30, 2019 (Unaudited)
Common Stocks (continued)
Issuer Shares Value ($)
Seiren Co., Ltd.
Advertising services 		387,600 4,477,708
Seria Co., Ltd.
Operates 100 yen chain stores 		142,400 3,465,145
Sohgo Security Services Co., Ltd.
Around the clock security services 		71,600 3,765,805
Solasto Corp.
Medical related contract services 		484,800 5,481,492
TechnoPro Holdings, Inc.
Medical & electronic design and IT & software development 		52,800 3,150,737
Ushio, Inc.
Lamps and optical equipment 		185,100 2,628,509
Valqua Ltd.
Rubber, fiber and resin products 		230,400 4,658,149
Yokogawa Electric Corp.
Information technology solutions 		139,000 2,554,225
Total 98,730,937
Malta 1.3%
Kindred Group PLC
Online gambling services 		933,758 5,449,961
Mexico 1.1%
Corporación Inmobiliaria Vesta SAB de CV
Real estate owner, developer and asset administrator 		1,587,600 2,436,026
Qualitas Controladora SAB de CV
Insurance holding company 		675,266 2,409,660
Total 4,845,686
Netherlands 2.2%
Aalberts NV
Industrial services and flow control systems 		83,574 3,309,611
Argenx SE, ADR(b)
Anitbody based therapies 		27,000 3,076,920
IMCD NV
Specialty chemicals and food ingredients 		43,000 3,177,720
Total 9,564,251
New Zealand 1.1%
Restaurant Brands New Zealand Ltd.(b)
Fast food restaurant chains 		655,864 4,640,815
Norway 0.2%
Atea ASA(b)
Nordic and Baltic supplier of IT infrastructure 		65,230 838,888
Philippines 0.5%
Security Bank Corp.
Financial products & services 		618,000 2,349,705
Common Stocks (continued)
Issuer Shares Value ($)
Poland 1.0%
KRUK SA
Debt collection services 		111,655 4,215,498
Russian Federation 0.8%
TCS Group Holding PLC, GDR
Online retail financial services 		208,302 3,645,285
Singapore 1.6%
Mapletree Commercial Trust
Singapore-focused real estate investment trust 		4,271,107 7,080,229
South Africa 1.4%
Clicks Group Ltd.
Owns and operates chains of retail stores 		160,000 2,271,271
Famous Brands Ltd.
Food and beverage company 		411,869 2,215,853
PSG Group Ltd.
Diversified financial services 		127,192 1,773,491
Total 6,260,615
South Korea 3.3%
DoubleUGames Co., Ltd.
Online and mobile games 		75,420 3,481,587
Koh Young Technology, Inc.
3D measurement and inspection equipment for testing various machineries 		72,324 5,374,394
Korea Investment Holdings Co., Ltd.
Financial holding company 		85,759 5,387,773
Total 14,243,754
Spain 0.5%
Befesa SA
Waste recycling services 		65,711 2,347,737
Sweden 5.2%
AddTech AB, Class B
High-tech industrial components and systems 		189,091 4,914,943
Dustin Group AB
IT products and related services 		131,692 1,052,854
Sectra AB, Class B(a)
Medical and communication systems 		88,693 2,922,696
Sweco AB, Class B
Consulting company specializing in engineering, environmental technology, and architecture 		339,847 9,649,447
Trelleborg AB, Class B
Manufactures and distributes industrial products 		285,936 4,008,971
Total 22,548,911
 
Wanger International  | Quarterly Report 2019
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Portfolio of Investments   (continued)
Wanger International, September 30, 2019 (Unaudited)
Common Stocks (continued)
Issuer Shares Value ($)
Switzerland 2.6%
Belimo Holding AG, Registered Shares
Manufactures heating, ventilation and air conditioning equipment 		1,025 5,638,786
Inficon Holding AG
Vacuum instruments used to monitor and control production processes 		4,257 2,760,209
Kardex AG
Storage, warehouse and materials handling systems 		20,939 2,891,192
Total 11,290,187
Taiwan 4.9%
Basso Industry Corp.
Pneumatic nailers and staplers 		1,191,000 1,880,404
Getac Technology Corp.
Laptops 		375,000 564,836
Gourmet Master Co., Ltd.
Coffee & bakery cafes 		474,960 2,189,332
Grape King Bio Ltd.
Beverages, nutrition, pharmaceuticals, syrups and hair care products 		336,000 2,002,951
Parade Technologies Ltd.
Fabless semiconductor company 		244,000 4,242,486
Silergy Corp.
High performance analog integrated circuits 		96,000 2,380,787
Sinbon Electronics Co., Ltd.
Cable, connectors & modems 		1,001,000 3,885,199
Voltronic Power Technology Corp.
Uninterruptible power supply products, inverters, multiple surface mounted devices and other power products 		213,565 4,405,054
Total 21,551,049
Thailand 0.6%
Muangthai Capital PCL, Foreign Registered Shares
Commercial lending company 		1,503,100 2,804,281
Turkey 0.4%
Logo Yazilim Sanayi Ve Ticaret AS(b)
Enterprise resource planning software 		214,865 1,525,422
United Kingdom 11.9%
Abcam PLC
Research-grade antibodies via an online catalog 		180,000 2,536,545
Ascential PLC
Media and consultancy services 		1,302,520 6,072,677
Dechra Pharmaceuticals PLC
International veterinary pharmaceuticals 		211,921 7,213,716
Common Stocks (continued)
Issuer Shares Value ($)
Genus PLC
Cattle breeding and agricultural consultancy services 		84,000 2,890,840
GW Pharmaceuticals PLC, ADR(b)
Cannabinoid prescription medicines 		19,248 2,214,097
Intermediate Capital Group PLC
Private equity firm 		388,857 6,953,369
Rightmove PLC
Website that lists properties across Britain 		1,220,999 8,261,564
Safestore Holdings PLC
Self storage facilities 		560,499 4,607,043
Spectris PLC
Products for electronic control and process instrumentation sectors 		110,000 3,301,958
WH Smith PLC
Retails books, magazines, newspapers, and periodicals 		236,284 5,773,625
Zotefoams PLC
Cross-linked polyethylene block foams 		283,000 1,875,518
Total 51,700,952
United States 1.7%
Inter Parfums, Inc.
Fragrances and related products 		59,136 4,137,746
Ultragenyx Pharmaceutical, Inc.(b)
Therapeutics and sialic acid for treating metabolic, body myopathy, glucuronidase, and rare genetic diseases 		79,713 3,410,122
Total 7,547,868
Total Common Stocks
(Cost: $369,641,573) 		430,190,509
Securities Lending Collateral 0.8%
  Shares Value ($)
Dreyfus Government Cash Management Fund, Institutional Shares, 1.854%(d),(e)
3,308,366 3,308,366
Total Securities Lending Collateral
(Cost: $3,308,366) 		3,308,366
 
4 Wanger International  | Quarterly Report 2019
Portfolio of Investments   (continued)
Wanger International, September 30, 2019 (Unaudited)
Money Market Funds 0.8%
  Shares Value ($)
Columbia Short-Term Cash Fund, 2.073%(d),(f)
3,646,985 3,646,620
Total Money Market Funds
(Cost: $3,646,620) 		3,646,620
Total Investments in Securities
(Cost: $376,596,559) 		437,145,495
Obligation to Return Collateral for Securities Loaned   (3,308,366)
Other Assets & Liabilities, Net   1,925,951
Net Assets $435,763,080
Notes to Portfolio of Investments
(a) All or a portion of this security was on loan at September 30, 2019. The total market value of securities on loan at September 30, 2019 was $3,134,626.
(b) Non-income producing security.
(c) Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. The Fund may invest in private placements determined to be liquid as well as those determined to be illiquid. Private placements may be determined to be liquid under guidelines established by the Fund’s Board of Trustees. At September 30, 2019, the total value of these securities amounted to $608,755, which represents 0.14% of total net assets.
(d) The rate shown is the seven-day current annualized yield at September 30, 2019.
(e) Investment made with cash collateral received from securities lending activity.
(f) As defined in the Investment Company Act of 1940, 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. Holdings and transactions in these affiliated companies during the period ended September 30, 2019 are as follows:
    
Issuer Beginning
shares 		Shares
purchased 		Shares
sold 		Ending
shares 		Realized gain
(loss) —
affiliated
issuers ($) 		Net change in
unrealized
appreciation
(depreciation) —
affiliated
issuers ($) 		Dividend —
affiliated issuers
($) 		Value —
affiliated
issuers
at end of
period ($)
Columbia Short-Term Cash Fund, 2.073%
  10,107,748 86,669,736 (93,130,499) 3,646,985 68 — 158,781 3,646,620
Abbreviation Legend
ADR American Depositary Receipt
GDR Global Depositary Receipt
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Wanger International  | Quarterly Report 2019
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