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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-08748
Wanger Advisors Trust
(Exact name of registrant as specified in charter)
| 227 W. Monroe Street, Suite 3000, Chicago, IL | 60606 | |
| (Address of principal executive offices) | (Zip code) |
Ryan C. Larrenaga
c/o Columbia Management
Investment Advisers, LLC
225 Franklin Street
Boston, MA 02110
Alan Berkshire
Columbia Acorn Trust
227 West Monroe Street, Suite 3000
Chicago, Illinois 60606
Mary C. Moynihan
Perkins Coie LLP
700 13th Street, NW
Suite 600
Washington, DC 20005
(Name and address of agent for service)
Registrant’s telephone number, including area code: 312-634-9200
Date of fiscal year end: December 31
Date of reporting period: September 30, 2018
Item 1. Schedule of Investments.
| Wanger
USA | Quarterly Report 2018 |
1 |
| 2 | Wanger USA | Quarterly Report 2018 |
| Wanger
USA | Quarterly Report 2018 |
3 |
| 4 | Wanger USA | Quarterly Report 2018 |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security was on loan at September 30, 2018. The total market value of securities on loan at September 30, 2018 was $12,038,032. |
| (c) | The rate shown is the seven-day current annualized yield at September 30, 2018. |
| (d) | Investment made with cash collateral received from securities lending activity. |
| (e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended September 30, 2018 are as follows: |
| Issuer | Beginning
shares |
Shares
purchased |
Shares
sold |
Ending
shares |
Realized
gain (loss) — affiliated issuers ($) |
Net
change in unrealized appreciation (depreciation) — affiliated issuers ($) |
Dividend
— affiliated issuers ($) |
Value
— affiliated issuers at end of period ($) |
| Columbia Short-Term Cash Fund, 2.112% | ||||||||
| — | 81,988,157 | (72,067,775) | 9,920,382 | — | — | 49,639 | 9,919,390 | |
| ADR | American Depositary Receipt |
| ■ | Level 1 – quoted prices in active markets for identical securities |
| ■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
| ■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
| Wanger
USA | Quarterly Report 2018 |
5 |
| Level
1 quoted prices in active markets for identical assets ($) |
Level
2 other significant observable inputs ($) |
Level
3 significant unobservable inputs ($) |
Investments
measured at net asset value ($) |
Total ($) | |
| Investments in Securities | |||||
| Common Stocks | |||||
| Consumer Discretionary | 133,459,544 | — | — | — | 133,459,544 |
| Consumer Staples | 33,415,455 | — | — | — | 33,415,455 |
| Energy | 10,012,598 | — | — | — | 10,012,598 |
| Financials | 100,658,185 | — | — | — | 100,658,185 |
| Health Care | 190,386,491 | — | — | — | 190,386,491 |
| Industrials | 61,212,427 | — | — | — | 61,212,427 |
| Information Technology | 136,967,556 | — | — | — | 136,967,556 |
| Materials | 29,055,819 | — | — | — | 29,055,819 |
| Real Estate | 26,826,634 | — | — | — | 26,826,634 |
| Telecommunication Services | 5,306,615 | — | — | — | 5,306,615 |
| Total Common Stocks | 727,301,324 | — | — | — | 727,301,324 |
| Limited Partnerships | |||||
| Consumer Discretionary | 9,535,848 | — | — | — | 9,535,848 |
| Securities Lending Collateral | 12,363,695 | — | — | — | 12,363,695 |
| Money Market Funds | — | — | — | 9,919,390 | 9,919,390 |
| Total Investments in Securities | 749,200,867 | — | — | 9,919,390 | 759,120,257 |
| 6 | Wanger USA | Quarterly Report 2018 |
| Wanger
Select | Quarterly Report 2018 |
1 |
| 2 | Wanger Select | Quarterly Report 2018 |
| (a) | Non-income producing security. |
| (b) | The rate shown is the seven-day current annualized yield at September 30, 2018. |
| (c) | 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, 2018 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, 2.112% | ||||||||
| — | 11,267,963 | (7,730,569) | 3,537,394 | — | — | 9,449 | 3,537,040 | |
| ■ | Level 1 – quoted prices in active markets for identical securities |
| ■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
| ■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
| Wanger
Select | Quarterly Report 2018 |
3 |
| Level
1 quoted prices in active markets for identical assets ($) |
Level
2 other significant observable inputs ($) |
Level
3 significant unobservable inputs ($) |
Investments
measured at net asset value ($) |
Total ($) | |
| Investments in Securities | |||||
| Common Stocks | |||||
| Consumer Discretionary | 26,512,558 | — | — | — | 26,512,558 |
| Financials | 22,130,263 | — | — | — | 22,130,263 |
| Health Care | 18,686,642 | — | — | — | 18,686,642 |
| Industrials | 20,964,376 | — | — | — | 20,964,376 |
| Information Technology | 35,737,752 | — | — | — | 35,737,752 |
| Materials | 7,572,869 | — | — | — | 7,572,869 |
| Real Estate | 7,772,040 | — | — | — | 7,772,040 |
| Total Common Stocks | 139,376,500 | — | — | — | 139,376,500 |
| Money Market Funds | — | — | — | 3,537,040 | 3,537,040 |
| Total Investments in Securities | 139,376,500 | — | — | 3,537,040 | 142,913,540 |
| 4 | Wanger Select | Quarterly Report 2018 |
| Wanger
International | Quarterly Report 2018 |
1 |
| 2 | Wanger International | Quarterly Report 2018 |
| Wanger
International | Quarterly Report 2018 |
3 |
| 4 | Wanger International | Quarterly Report 2018 |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security was on loan at September 30, 2018. The total market value of securities on loan at September 30, 2018 was $2,546,122. |
| (c) | The rate shown is the seven-day current annualized yield at September 30, 2018. |
| (d) | Investment made with cash collateral received from securities lending activity. |
| (e) | As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended September 30, 2018 are as follows: |
| Issuer | Beginning
shares |
Shares
purchased |
Shares
sold |
Ending
shares |
Realized
gain (loss) — affiliated issuers ($) |
Net
change in unrealized appreciation (depreciation) — affiliated issuers ($) |
Dividend
— affiliated issuers ($) |
Value
— affiliated issuers at end of period ($) |
| Columbia Short-Term Cash Fund, 2.112% | ||||||||
| — | 45,615,608 | (38,105,432) | 7,510,176 | — | — | 25,359 | 7,509,425 | |
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| ■ | Level 1 – quoted prices in active markets for identical securities |
| ■ | Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others) |
| ■ | Level 3 – prices determined using significant unobservable inputs where quoted prices or observable inputs are unavailable or less reliable (including management’s own assumptions about the factors market participants would use in pricing an investment) |
| Wanger
International | Quarterly Report 2018 |
5 |
| Level
1 quoted prices in active markets for identical assets ($) |
Level
2 other significant observable inputs ($) |
Level
3 significant unobservable inputs ($) |
Investments
measured at net asset value ($) |
Total ($) | |
| Investments in Securities | |||||
| Common Stocks | |||||
| Australia | — | 12,024,870 | — | — | 12,024,870 |
| Belgium | — | 3,548,599 | — | — | 3,548,599 |
| Brazil | 3,655,509 | — | — | — | 3,655,509 |
| Cambodia | — | 9,845,878 | — | — | 9,845,878 |
| Canada | 28,277,025 | — | — | — | 28,277,025 |
| Cayman Islands | 2,538,345 | 7,826,809 | — | — | 10,365,154 |
| China | — | 2,670,032 | — | — | 2,670,032 |
| Denmark | — | 14,746,565 | — | — | 14,746,565 |
| Finland | — | 4,432,126 | — | — | 4,432,126 |
| France | — | 4,993,223 | — | — | 4,993,223 |
| Germany | — | 39,727,460 | — | — | 39,727,460 |
| Hong Kong | — | 8,295,402 | — | — | 8,295,402 |
| India | — | 10,974,194 | — | — | 10,974,194 |
| Indonesia | — | 5,468,468 | — | — | 5,468,468 |
| Ireland | — | 7,378,812 | — | — | 7,378,812 |
| Italy | — | 16,289,731 | — | — | 16,289,731 |
| Japan | — | 121,578,704 | — | — | 121,578,704 |
| Malta | — | 8,298,456 | — | — | 8,298,456 |
| Mexico | 3,602,903 | — | — | — | 3,602,903 |
| Netherlands | — | 6,125,677 | — | — | 6,125,677 |
| New Zealand | — | 7,333,259 | — | — | 7,333,259 |
| Norway | — | 10,915,531 | — | — | 10,915,531 |
| Poland | — | 2,566,080 | — | — | 2,566,080 |
| Russian Federation | — | 3,767,155 | — | — | 3,767,155 |
| Singapore | — | 5,129,679 | — | — | 5,129,679 |
| South Africa | — | 7,684,090 | — | — | 7,684,090 |
| South Korea | — | 20,863,409 | — | — | 20,863,409 |
| Spain | — | 10,024,824 | — | — | 10,024,824 |
| Sweden | — | 15,074,542 | — | — | 15,074,542 |
| Switzerland | — | 17,712,369 | — | — | 17,712,369 |
| Taiwan | — | 15,969,811 | — | — | 15,969,811 |
| Thailand | — | 7,944,448 | — | — | 7,944,448 |
| Turkey | — | 1,291,646 | — | — | 1,291,646 |
| United Kingdom | 5,166,946 | 45,198,732 | — | — | 50,365,678 |
| United States | 8,542,620 | — | — | — | 8,542,620 |
| Total Common Stocks | 51,783,348 | 455,700,581 | — | — | 507,483,929 |
| Securities Lending Collateral | 2,694,759 | — | — | — | 2,694,759 |
| Money Market Funds | — | — | — | 7,509,425 | 7,509,425 |
| Total Investments in Securities | 54,478,107 | 455,700,581 | — | 7,509,425 | 517,688,113 |
| 6 | Wanger International | Quarterly Report 2018 |
Item 2. Controls and Procedures.
| (a) | The registrant’s principal executive officer and principal financial officer, based on their evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-Q is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. |
| (b) | There was no change in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 3. Exhibits.
Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| (registrant) | Wanger Advisors Trust |
| By (Signature and Title) | /s/ Alan Berkshire | |
| Alan Berkshire, President and Principal Executive Officer |
| Date | November 20, 2018 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By (Signature and Title) | /s/ Alan Berkshire | |
| Alan Berkshire, President and Principal Executive Officer |
| Date | November 20, 2018 |
| By (Signature and Title) | /s/ John M. Kunka | |
| John M. Kunka, Treasurer and Principal Accounting and Financial Officer |
| Date | November 20, 2018 |
I, John M. Kunka, certify that:
| 1. | I have reviewed this report on Form N-Q of Wanger Advisors Trust; |
| 2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
| 3. | Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; |
| 4. | The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
| (a) | designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
| (b) | designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
| (c) | evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
| (d) | disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and |
| 5. | The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): |
| (a) | all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and |
| (b) | any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |
| Date: November 20, 2018 | /s/ John M. Kunka | |
| John M. Kunka, Treasurer and Principal | ||
| Accounting and Financial Officer |
I, Alan Berkshire, certify that:
| 1. | I have reviewed this report on Form N-Q of Wanger Advisors Trust; |
| 2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
| 3. | Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; |
| 4. | The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
| (a) | designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
| (b) | designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
| (c) | evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
| (d) | disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and |
| 5. | The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions): |
| (a) | all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and |
| (b) | any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |
| Date: November 20, 2018 | /s/ Alan Berkshire | |
| Alan Berkshire, President and Principal | ||
| Executive Officer |