UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-09645
(Exact name of registrant as specified in charter)
290 Congress Street
Boston, MA 02210
(Address of principal executive offices) (Zip code)
Daniel J. Beckman
c/o Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
Ryan C. Larrenaga, Esq.
c/o Columbia Management Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
(800) 345-6611
Date of fiscal year end:
January 31
Date of reporting period:
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders
Semiannual Shareholder Report | July 31, 2024
columbiathreadneedleus.com/resources/literature
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $ 10,000 investment |
| Class A | $ | % |
Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover for the reporting period |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.
| Columbia Bond Fund, Institutional 3 Class | % |
| Columbia Quality Income Fund, Institutional 3 Class | % |
| Columbia U.S. Treasury Index Fund, Institutional 3 Class | % |
| Columbia Corporate Income Fund, Institutional 3 Class | % |
| Columbia Overseas Core Fund, Institutional 3 Class | % |
| Columbia High Yield Bond Fund, Institutional 3 Class | % |
| Columbia Disciplined Core Fund, Institutional 3 Class | % |
| Columbia Contrarian Core Fund, Institutional 3 Class | % |
| Columbia Select Large Cap Equity Fund, Institutional 3 Class | % |
| Columbia Large Cap Growth Fund, Institutional 3 Class | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Semiannual Shareholder Report | July 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $ 10,000 investment |
| Advisor Class | $ | % |
Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover for the reporting period |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.
| Columbia Bond Fund, Institutional 3 Class | % |
| Columbia Quality Income Fund, Institutional 3 Class | % |
| Columbia U.S. Treasury Index Fund, Institutional 3 Class | % |
| Columbia Corporate Income Fund, Institutional 3 Class | % |
| Columbia Overseas Core Fund, Institutional 3 Class | % |
| Columbia High Yield Bond Fund, Institutional 3 Class | % |
| Columbia Disciplined Core Fund, Institutional 3 Class | % |
| Columbia Contrarian Core Fund, Institutional 3 Class | % |
| Columbia Select Large Cap Equity Fund, Institutional 3 Class | % |
| Columbia Large Cap Growth Fund, Institutional 3 Class | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Semiannual Shareholder Report | July 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $ 10,000 investment |
| Class C | $ | % |
Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover for the reporting period |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.
| Columbia Bond Fund, Institutional 3 Class | % |
| Columbia Quality Income Fund, Institutional 3 Class | % |
| Columbia U.S. Treasury Index Fund, Institutional 3 Class | % |
| Columbia Corporate Income Fund, Institutional 3 Class | % |
| Columbia Overseas Core Fund, Institutional 3 Class | % |
| Columbia High Yield Bond Fund, Institutional 3 Class | % |
| Columbia Disciplined Core Fund, Institutional 3 Class | % |
| Columbia Contrarian Core Fund, Institutional 3 Class | % |
| Columbia Select Large Cap Equity Fund, Institutional 3 Class | % |
| Columbia Large Cap Growth Fund, Institutional 3 Class | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Semiannual Shareholder Report | July 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $ 10,000 investment |
| Institutional Class | $ | % |
Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover for the reporting period |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.
| Columbia Bond Fund, Institutional 3 Class | % |
| Columbia Quality Income Fund, Institutional 3 Class | % |
| Columbia U.S. Treasury Index Fund, Institutional 3 Class | % |
| Columbia Corporate Income Fund, Institutional 3 Class | % |
| Columbia Overseas Core Fund, Institutional 3 Class | % |
| Columbia High Yield Bond Fund, Institutional 3 Class | % |
| Columbia Disciplined Core Fund, Institutional 3 Class | % |
| Columbia Contrarian Core Fund, Institutional 3 Class | % |
| Columbia Select Large Cap Equity Fund, Institutional 3 Class | % |
| Columbia Large Cap Growth Fund, Institutional 3 Class | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Semiannual Shareholder Report | July 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class R | $ | % |
Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover for the reporting period |
Graphical Representation of Fund Holdings
The tables
below
show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.Top Holdings
| Columbia Bond Fund, Institutional 3 Class | % |
| Columbia Quality Income Fund, Institutional 3 Class | % |
| Columbia U.S. Treasury Index Fund, Institutional 3 Class | % |
| Columbia Corporate Income Fund, Institutional 3 Class | % |
| Columbia Overseas Core Fund, Institutional 3 Class | % |
| Columbia High Yield Bond Fund, Institutional 3 Class | % |
| Columbia Disciplined Core Fund, Institutional 3 Class | % |
| Columbia Contrarian Core Fund, Institutional 3 Class | % |
| Columbia Select Large Cap Equity Fund, Institutional 3 Class | % |
| Columbia Large Cap Growth Fund, Institutional 3 Class | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Semiannual Shareholder Report | July 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class A | $ | % |
Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover for the reporting period |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is
subject
to change.Top Holdings
| Columbia Large Cap Growth Fund, Institutional 3 Class | % |
| Columbia Overseas Core Fund, Institutional 3 Class | % |
| Columbia Contrarian Core Fund, Institutional 3 Class | % |
| Columbia Select Large Cap Equity Fund, Institutional 3 Class | % |
| Columbia Large Cap Value Fund, Institutional 3 Class | % |
| Columbia High Yield Bond Fund, Institutional 3 Class | % |
| Columbia Bond Fund, Institutional 3 Class | % |
| Columbia Quality Income Fund, Institutional 3 Class | % |
| Columbia Corporate Income Fund, Institutional 3 Class | % |
| Columbia Emerging Markets Fund, Institutional 3 Class | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Semiannual Shareholder Report | July 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Advisor Class | $ | % |
Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover for the reporting period |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless
otherwise
noted. The Fund's portfolio composition is subject to change.Top Holdings
| Columbia Large Cap Growth Fund, Institutional 3 Class | % |
| Columbia Overseas Core Fund, Institutional 3 Class | % |
| Columbia Contrarian Core Fund, Institutional 3 Class | % |
| Columbia Select Large Cap Equity Fund, Institutional 3 Class | % |
| Columbia Large Cap Value Fund, Institutional 3 Class | % |
| Columbia High Yield Bond Fund, Institutional 3 Class | % |
| Columbia Bond Fund, Institutional 3 Class | % |
| Columbia Quality Income Fund, Institutional 3 Class | % |
| Columbia Corporate Income Fund, Institutional 3 Class | % |
| Columbia Emerging Markets Fund, Institutional 3 Class | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Semiannual Shareholder Report | July 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class C | $ | % |
Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover for the reporting period |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.
Top Holdings
| Columbia Large Cap Growth Fund, Institutional 3 Class | % |
| Columbia Overseas Core Fund, Institutional 3 Class | % |
| Columbia Contrarian Core Fund, Institutional 3 Class | % |
| Columbia Select Large Cap Equity Fund, Institutional 3 Class | % |
| Columbia Large Cap Value Fund, Institutional 3 Class | % |
| Columbia High Yield Bond Fund, Institutional 3 Class | % |
| Columbia Bond Fund, Institutional 3 Class | % |
| Columbia Quality Income Fund, Institutional 3 Class | % |
| Columbia Corporate Income Fund, Institutional 3 Class | % |
| Columbia Emerging Markets Fund, Institutional 3 Class | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management
Investment
Distributors, Inc.Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Semiannual Shareholder Report | July 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional Class | $ | % |
Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover for the reporting period |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.
Top Holdings
| Columbia Large Cap Growth Fund, Institutional 3 Class | % |
| Columbia Overseas Core Fund, Institutional 3 Class | % |
| Columbia Contrarian Core Fund, Institutional 3 Class | % |
| Columbia Select Large Cap Equity Fund, Institutional 3 Class | % |
| Columbia Large Cap Value Fund, Institutional 3 Class | % |
| Columbia High Yield Bond Fund, Institutional 3 Class | % |
| Columbia Bond Fund, Institutional 3 Class | % |
| Columbia Quality Income Fund, Institutional 3 Class | % |
| Columbia Corporate Income Fund, Institutional 3 Class | % |
| Columbia Emerging Markets Fund, Institutional 3 Class | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Semiannual Shareholder Report | July 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional 3 Class | $ | % |
Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover for the reporting period |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.
Top Holdings
| Columbia Large Cap Growth Fund, Institutional 3 Class | % |
| Columbia Overseas Core Fund, Institutional 3 Class | % |
| Columbia Contrarian Core Fund, Institutional 3 Class | % |
| Columbia Select Large Cap Equity Fund, Institutional 3 Class | % |
| Columbia Large Cap Value Fund, Institutional 3 Class | % |
| Columbia High Yield Bond Fund, Institutional 3 Class | % |
| Columbia Bond Fund, Institutional 3 Class | % |
| Columbia Quality Income Fund, Institutional 3 Class | % |
| Columbia Corporate Income Fund, Institutional 3 Class | % |
| Columbia Emerging Markets Fund, Institutional 3 Class | % |
Asset Categories
Availability of Additional Information
For additional
information
about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Semiannual Shareholder Report | July 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class R | $ | % |
Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Portfolio turnover for the reporting period |
Graphical Representation of Fund Holdings
The tables
below
show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.Top Holdings
| Columbia Large Cap Growth Fund, Institutional 3 Class | % |
| Columbia Overseas Core Fund, Institutional 3 Class | % |
| Columbia Contrarian Core Fund, Institutional 3 Class | % |
| Columbia Select Large Cap Equity Fund, Institutional 3 Class | % |
| Columbia Large Cap Value Fund, Institutional 3 Class | % |
| Columbia High Yield Bond Fund, Institutional 3 Class | % |
| Columbia Bond Fund, Institutional 3 Class | % |
| Columbia Quality Income Fund, Institutional 3 Class | % |
| Columbia Corporate Income Fund, Institutional 3 Class | % |
| Columbia Emerging Markets Fund, Institutional 3 Class | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Item 2. Code of Ethics.
Not applicable.
Item 3. Audit Committee Financial Expert.
Not applicable.
Item 4. Principal Accountant Fees and Services.
Not applicable.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
(a) The registrant’s “Schedule I – Investments in securities of unaffiliated issuers” (as set forth in 17 CFR 210.12-12) is included in Item 7 of this Form N-CSR.
(b) Not applicable.
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
Columbia Capital Allocation Portfolios
Semiannual Financial Statements and Additional Information
July 31, 2024 (Unaudited)
Columbia Capital Allocation Conservative Portfolio
Columbia Capital Allocation Moderate Conservative Portfolio
Columbia Capital Allocation Moderate Portfolio
Columbia Capital Allocation Moderate Aggressive Portfolio
Columbia Capital Allocation Aggressive Portfolio
|
Not FDIC or NCUA Insured
|
No Financial Institution Guarantee
|
May Lose Value
|
Portfolio of Investments
Columbia Capital Allocation Conservative Portfolio, July 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
|
Equity Funds 19.5%
|
||
|
|
Shares
|
Value ($)
|
|
International 5.0%
|
||
|
Columbia Overseas Core Fund, Institutional 3 Class(a)
|
765,365
|
8,089,904
|
|
U.S. Large Cap 13.7%
|
||
|
Columbia Contrarian Core Fund, Institutional 3 Class(a)
|
197,288
|
7,443,666
|
|
Columbia Disciplined Core Fund, Institutional 3
Class(a)
|
405,306
|
6,318,720
|
|
Columbia Large Cap Growth Fund, Institutional 3
Class(a),(b)
|
31,067
|
2,281,593
|
|
Columbia Select Large Cap Equity Fund, Institutional 3
Class(a)
|
302,553
|
6,226,532
|
|
Total
|
22,270,511
|
|
|
U.S. Small Cap 0.8%
|
||
|
Columbia Select Small Cap Value Fund, Institutional 3
Class(a)
|
24,126
|
649,475
|
|
Columbia Small Cap Growth Fund, Institutional 3
Class(a),(b)
|
22,321
|
617,618
|
|
Total
|
1,267,093
|
|
|
Total Equity Funds
(Cost $28,145,349)
|
31,627,508
|
|
|
|
||
|
Fixed Income Funds 70.2%
|
||
|
|
|
|
|
Emerging Markets 2.0%
|
||
|
Columbia Emerging Markets Bond Fund, Institutional 3
Class(a)
|
339,933
|
3,229,362
|
|
Fixed Income Funds (continued)
|
||
|
|
Shares
|
Value ($)
|
|
High Yield 7.5%
|
||
|
Columbia High Yield Bond Fund, Institutional 3
Class(a)
|
1,110,805
|
12,118,883
|
|
Investment Grade 60.7%
|
||
|
Columbia Bond Fund, Institutional 3 Class(a)
|
1,092,542
|
32,535,908
|
|
Columbia Corporate Income Fund, Institutional 3
Class(a)
|
2,086,727
|
19,093,552
|
|
Columbia Quality Income Fund, Institutional 3 Class(a)
|
1,306,998
|
23,251,491
|
|
Columbia U.S. Treasury Index Fund, Institutional 3
Class(a)
|
2,347,288
|
23,566,775
|
|
Total
|
98,447,726
|
|
|
Total Fixed Income Funds
(Cost $127,556,110)
|
113,795,971
|
|
|
|
||
|
Money Market Funds 9.8%
|
||
|
|
|
|
|
Columbia Short-Term Cash Fund, 5.551%(a),(c)
|
15,929,218
|
15,926,033
|
|
Total Money Market Funds
(Cost $15,923,951)
|
15,926,033
|
|
|
Total Investments in Securities
(Cost: $171,625,410)
|
161,349,512
|
|
|
Other Assets & Liabilities, Net
|
|
759,205
|
|
Net Assets
|
162,108,717
|
|
At July 31, 2024, securities and/or cash totaling $772,982 were pledged as collateral.
Investments in derivatives
|
Forward foreign currency exchange contracts
|
|||||
|
Currency to
be sold
|
Currency to
be purchased
|
Counterparty
|
Settlement
date
|
Unrealized
appreciation ($)
|
Unrealized
depreciation ($)
|
|
1,532,000 CHF
|
1,712,823 USD
|
HSBC
|
08/14/2024
|
—
|
(35,136
)
|
|
3,253,323 USD
|
34,525,000 NOK
|
Morgan Stanley
|
08/14/2024
|
—
|
(87,961
)
|
|
1,594,562 USD
|
255,631,000 JPY
|
UBS
|
08/14/2024
|
115,111
|
—
|
|
1,469,000 GBP
|
1,881,167 USD
|
Wells Fargo
|
08/14/2024
|
—
|
(7,540
)
|
|
Total
|
|
|
|
115,111
|
(130,637
)
|
|
Long futures contracts
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
Euro STOXX 50 Index
|
7
|
09/2024
|
EUR
|
342,860
|
3,129
|
—
|
|
Euro STOXX 50 Index
|
35
|
09/2024
|
EUR
|
1,714,300
|
—
|
(23,721
)
|
|
MSCI Emerging Markets Index
|
13
|
09/2024
|
USD
|
712,725
|
2,226
|
—
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
3
Portfolio of Investments (continued)
Columbia Capital Allocation Conservative Portfolio, July 31, 2024 (Unaudited)
|
Long futures contracts (continued)
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
S&P 500 Index E-mini
|
12
|
09/2024
|
USD
|
3,334,800
|
34,522
|
—
|
|
TOPIX Index
|
12
|
09/2024
|
JPY
|
335,640,000
|
18,362
|
—
|
|
Total
|
|
|
|
|
58,239
|
(23,721
)
|
|
Short futures contracts
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
FTSE 100 Index
|
(20)
|
09/2024
|
GBP
|
(1,671,500
)
|
—
|
(42,575
)
|
|
SPI 200 Index
|
(16)
|
09/2024
|
AUD
|
(3,224,400
)
|
—
|
(99,012
)
|
|
U.S. Treasury 10-Year Note
|
(29)
|
09/2024
|
USD
|
(3,242,563
)
|
—
|
(80,718
)
|
|
Total
|
|
|
|
|
—
|
(222,305
)
|
Notes to Portfolio of Investments
|
(a)
|
As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of
the holdings and transactions in these affiliated companies during the period ended
July 31, 2024 are as follows:
|
|
Affiliated issuers
|
Beginning
of period($)
|
Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Capital gain
distributions($)
|
Realized gain
(loss)($)
|
Dividends —
affiliated
issuers ($)
|
End of
period shares
|
|
Columbia Bond Fund, Institutional 3 Class
|
|||||||||
|
|
34,603,664
|
828,614
|
(3,673,868
)
|
777,498
|
32,535,908
|
—
|
(703,298
)
|
730,809
|
1,092,542
|
|
Columbia Contrarian Core Fund, Institutional 3 Class
|
|||||||||
|
|
7,842,367
|
68,122
|
(1,301,549
)
|
834,726
|
7,443,666
|
—
|
242,943
|
—
|
197,288
|
|
Columbia Corporate Income Fund, Institutional 3 Class
|
|||||||||
|
|
20,301,581
|
449,379
|
(2,003,245
)
|
345,837
|
19,093,552
|
—
|
(371,738
)
|
442,342
|
2,086,727
|
|
Columbia Disciplined Core Fund, Institutional 3 Class
|
|||||||||
|
|
6,792,153
|
62,239
|
(1,326,936
)
|
791,264
|
6,318,720
|
—
|
189,282
|
—
|
405,306
|
|
Columbia Emerging Markets Bond Fund, Institutional 3 Class
|
|||||||||
|
|
3,461,089
|
100,581
|
(519,903
)
|
187,595
|
3,229,362
|
—
|
(103,408
)
|
86,098
|
339,933
|
|
Columbia High Yield Bond Fund, Institutional 3 Class
|
|||||||||
|
|
12,938,669
|
406,208
|
(1,567,690
)
|
341,696
|
12,118,883
|
—
|
(171,791
)
|
365,256
|
1,110,805
|
|
Columbia Large Cap Growth Fund, Institutional 3 Class
|
|||||||||
|
|
2,538,380
|
89,837
|
(650,113
)
|
303,489
|
2,281,593
|
—
|
57,967
|
—
|
31,067
|
|
Columbia Overseas Core Fund, Institutional 3 Class
|
|||||||||
|
|
8,530,309
|
131,230
|
(1,092,597
)
|
520,962
|
8,089,904
|
—
|
64,061
|
70,211
|
765,365
|
|
Columbia Quality Income Fund, Institutional 3 Class
|
|||||||||
|
|
24,674,963
|
685,562
|
(2,631,420
)
|
522,386
|
23,251,491
|
—
|
(536,319
)
|
512,763
|
1,306,998
|
|
Columbia Select Large Cap Equity Fund, Institutional 3 Class
|
|||||||||
|
|
6,799,298
|
300,811
|
(1,185,784
)
|
312,207
|
6,226,532
|
184,017
|
305,963
|
16,779
|
302,553
|
|
Columbia Select Small Cap Value Fund, Institutional 3 Class
|
|||||||||
|
|
669,968
|
16,175
|
(154,549
)
|
117,881
|
649,475
|
—
|
(11,558
)
|
—
|
24,126
|
|
Columbia Short-Term Cash Fund, 5.551%
|
|||||||||
|
|
15,617,498
|
2,883,620
|
(2,574,812
)
|
(273
)
|
15,926,033
|
—
|
318
|
432,263
|
15,929,218
|
|
Columbia Small Cap Growth Fund, Institutional 3 Class
|
|||||||||
|
|
690,538
|
28,374
|
(299,404
)
|
198,110
|
617,618
|
—
|
(80,307
)
|
—
|
22,321
|
The accompanying Notes to Financial Statements are an integral part of this statement.
4
Columbia Capital Allocation Portfolios | 2024
Portfolio of Investments (continued)
Columbia Capital Allocation Conservative Portfolio, July 31, 2024 (Unaudited)
Notes to Portfolio of Investments (continued)
|
Affiliated issuers
|
Beginning
of period($)
|
Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Capital gain
distributions($)
|
Realized gain
(loss)($)
|
Dividends —
affiliated
issuers ($)
|
End of
period shares
|
|
Columbia U.S. Treasury Index Fund, Institutional 3 Class
|
|||||||||
|
|
25,013,974
|
483,390
|
(2,034,246
)
|
103,657
|
23,566,775
|
—
|
(184,426
)
|
395,429
|
2,347,288
|
|
Total
|
170,474,451
|
|
|
5,357,035
|
161,349,512
|
184,017
|
(1,302,311
)
|
3,051,950
|
|
|
(b)
|
Non-income producing investment.
|
|
(c)
|
The rate shown is the seven-day current annualized yield at July 31, 2024.
|
Currency Legend
|
AUD
|
Australian Dollar
|
|
CHF
|
Swiss Franc
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
JPY
|
Japanese Yen
|
|
NOK
|
Norwegian Krone
|
|
USD
|
US Dollar
|
Fair value measurements
The Fund categorizes its fair value measurements according to a three-level hierarchy
that maximizes the use of observable inputs and minimizes the use of unobservable
inputs by prioritizing that the most observable input be used when available. Observable inputs
are those that market participants would use in pricing an investment based on market
data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset’s or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity
associated with investments at that level. For example, certain U.S. government securities
are generally high quality and liquid, however, they are reflected as Level 2 because
the inputs used to determine fair value may not always be quoted prices in an active
market.
Fair value inputs are summarized in the three broad levels listed below:
■
Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.
■
Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
■
Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).
Inputs that are used in determining fair value of an investment may include price
information, credit data, volatility statistics, and other factors. These inputs can
be either observable or unobservable. The availability of observable inputs can vary between investments,
and is affected by various factors such as the type of investment, and the volume
and level of activity for that investment or similar investments in the marketplace. The inputs will be
considered by the Investment Manager, along with any other relevant factors in the
calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition
could cause an investment to be reclassified between the various levels within the
hierarchy.
Investments falling into the Level 3 category are primarily supported by quoted prices
from brokers and dealers participating in the market for those investments. However,
these may be classified as Level 3 investments due to lack of market transparency and corroboration
to support these quoted prices. Additionally, valuation models may be used as the
pricing source for any remaining investments classified as Level 3. These models may rely
on one or more significant unobservable inputs and/or significant assumptions by the
Investment Manager. Inputs used in valuations may include, but are not limited to, financial
statement analysis, capital account balances, discount rates and estimated cash flows,
and comparable company data.
The Fund’s Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily
available using valuation procedures approved by the Board. The Committee consists
of voting and non-voting members from various groups within the Investment Manager’s organization, including operations and accounting, trading and investments, compliance, risk management and legal.
The Committee meets at least monthly to review and approve valuation matters, which
may include a description of specific valuation determinations, data regarding pricing
information received from approved pricing vendors and brokers and the results of Board-approved
valuation policies and procedures (the Policies). The Policies address, among other
things, instances when market quotations are or are not readily available, including recommendations
of third party pricing vendors and a determination of appropriate pricing methodologies;
events that require specific valuation determinations and assessment of fair value
techniques; securities with a potential for stale pricing, including those that are illiquid,
restricted, or in default; and the effectiveness of third party pricing vendors, including periodic
reviews of vendors. The Committee meets more frequently, as needed, to discuss additional
valuation matters, which may include the need to review back-testing results, review time-sensitive
information or approve related valuation actions. Representatives of Columbia Management
Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings
to discuss valuation matters and actions during the period, similar to those described
earlier.
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
5
Portfolio of Investments (continued)
Columbia Capital Allocation Conservative Portfolio, July 31, 2024 (Unaudited)
Fair value measurements (continued)
The following table is a summary of the inputs used to value the Fund’s investments at July 31, 2024:
|
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Total ($)
|
|
Investments in Securities
|
|
|
|
|
|
Equity Funds
|
31,627,508
|
—
|
—
|
31,627,508
|
|
Fixed Income Funds
|
113,795,971
|
—
|
—
|
113,795,971
|
|
Money Market Funds
|
15,926,033
|
—
|
—
|
15,926,033
|
|
Total Investments in Securities
|
161,349,512
|
—
|
—
|
161,349,512
|
|
Investments in Derivatives
|
|
|
|
|
|
Asset
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
—
|
115,111
|
—
|
115,111
|
|
Futures Contracts
|
58,239
|
—
|
—
|
58,239
|
|
Liability
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
—
|
(130,637
)
|
—
|
(130,637
)
|
|
Futures Contracts
|
(246,026
)
|
—
|
—
|
(246,026
)
|
|
Total
|
161,161,725
|
(15,526
)
|
—
|
161,146,199
|
See the Portfolio of Investments for all investment classifications not indicated
in the table.
The Fund’s assets assigned to the Level 2 input category are generally valued using the market approach, in which a security’s value is determined through reference to prices and information from market transactions for similar or identical assets.
Derivative instruments are valued at unrealized appreciation (depreciation).
The accompanying Notes to Financial Statements are an integral part of this statement.
6
Columbia Capital Allocation Portfolios | 2024
Portfolio of Investments
Columbia Capital Allocation Moderate Conservative Portfolio, July 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
|
Equity Funds 34.3%
|
||
|
|
Shares
|
Value ($)
|
|
International 9.0%
|
||
|
Columbia Overseas Core Fund, Institutional 3 Class(a)
|
2,962,954
|
31,318,423
|
|
U.S. Large Cap 23.9%
|
||
|
Columbia Contrarian Core Fund, Institutional 3 Class(a)
|
685,133
|
25,850,082
|
|
Columbia Disciplined Core Fund, Institutional 3
Class(a)
|
1,663,528
|
25,934,399
|
|
Columbia Large Cap Growth Fund, Institutional 3
Class(a),(b)
|
87,083
|
6,395,383
|
|
Columbia Select Large Cap Equity Fund, Institutional 3
Class(a)
|
1,220,000
|
25,107,593
|
|
Total
|
83,287,457
|
|
|
U.S. Small Cap 1.4%
|
||
|
Columbia Select Small Cap Value Fund, Institutional 3
Class(a)
|
90,887
|
2,446,679
|
|
Columbia Small Cap Growth Fund, Institutional 3
Class(a),(b)
|
84,887
|
2,348,838
|
|
Total
|
4,795,517
|
|
|
Total Equity Funds
(Cost $103,691,408)
|
119,401,397
|
|
|
|
||
|
Fixed Income Funds 60.3%
|
||
|
|
|
|
|
Emerging Markets 1.5%
|
||
|
Columbia Emerging Markets Bond Fund, Institutional 3
Class(a)
|
549,898
|
5,224,024
|
|
Fixed Income Funds (continued)
|
||
|
|
Shares
|
Value ($)
|
|
High Yield 8.0%
|
||
|
Columbia High Yield Bond Fund, Institutional 3
Class(a)
|
2,558,611
|
27,914,447
|
|
Investment Grade 50.8%
|
||
|
Columbia Bond Fund, Institutional 3 Class(a)
|
1,766,537
|
52,607,485
|
|
Columbia Corporate Income Fund, Institutional 3
Class(a)
|
4,074,345
|
37,280,255
|
|
Columbia Quality Income Fund, Institutional 3 Class(a)
|
2,489,739
|
44,292,447
|
|
Columbia U.S. Treasury Index Fund, Institutional 3
Class(a)
|
4,272,594
|
42,896,848
|
|
Total
|
177,077,035
|
|
|
Total Fixed Income Funds
(Cost $238,904,383)
|
210,215,506
|
|
|
|
||
|
Money Market Funds 4.8%
|
||
|
|
|
|
|
Columbia Short-Term Cash Fund, 5.551%(a),(c)
|
16,615,443
|
16,612,120
|
|
Total Money Market Funds
(Cost $16,611,254)
|
16,612,120
|
|
|
Total Investments in Securities
(Cost: $359,207,045)
|
346,229,023
|
|
|
Other Assets & Liabilities, Net
|
|
2,138,634
|
|
Net Assets
|
348,367,657
|
|
At July 31, 2024, securities and/or cash totaling $2,084,771 were pledged as collateral.
Investments in derivatives
|
Forward foreign currency exchange contracts
|
|||||
|
Currency to
be sold
|
Currency to
be purchased
|
Counterparty
|
Settlement
date
|
Unrealized
appreciation ($)
|
Unrealized
depreciation ($)
|
|
4,033,000 CHF
|
4,509,017 USD
|
HSBC
|
08/14/2024
|
—
|
(92,495
)
|
|
8,749,060 USD
|
92,847,000 NOK
|
Morgan Stanley
|
08/14/2024
|
—
|
(236,552
)
|
|
4,198,715 USD
|
673,114,000 JPY
|
UBS
|
08/14/2024
|
303,104
|
—
|
|
3,904,000 GBP
|
4,999,373 USD
|
Wells Fargo
|
08/14/2024
|
—
|
(20,039
)
|
|
Total
|
|
|
|
303,104
|
(349,086
)
|
|
Long futures contracts
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
Euro STOXX 50 Index
|
20
|
09/2024
|
EUR
|
979,600
|
8,940
|
—
|
|
Euro STOXX 50 Index
|
90
|
09/2024
|
EUR
|
4,408,200
|
—
|
(60,996
)
|
|
MSCI Emerging Markets Index
|
37
|
09/2024
|
USD
|
2,028,525
|
16,862
|
—
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
7
Portfolio of Investments (continued)
Columbia Capital Allocation Moderate Conservative Portfolio, July 31, 2024 (Unaudited)
|
Long futures contracts (continued)
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
S&P 500 Index E-mini
|
35
|
09/2024
|
USD
|
9,726,500
|
113,755
|
—
|
|
TOPIX Index
|
33
|
09/2024
|
JPY
|
923,010,000
|
52,757
|
—
|
|
Total
|
|
|
|
|
192,314
|
(60,996
)
|
|
Short futures contracts
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
FTSE 100 Index
|
(54)
|
09/2024
|
GBP
|
(4,513,050
)
|
—
|
(114,953
)
|
|
SPI 200 Index
|
(43)
|
09/2024
|
AUD
|
(8,665,575
)
|
—
|
(266,095
)
|
|
U.S. Treasury 10-Year Note
|
(63)
|
09/2024
|
USD
|
(7,044,188
)
|
—
|
(175,353
)
|
|
Total
|
|
|
|
|
—
|
(556,401
)
|
Notes to Portfolio of Investments
|
(a)
|
As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of
the holdings and transactions in these affiliated companies during the period ended
July 31, 2024 are as follows:
|
|
Affiliated issuers
|
Beginning
of period($)
|
Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Capital gain
distributions($)
|
Realized gain
(loss)($)
|
Dividends —
affiliated
issuers ($)
|
End of
period shares
|
|
Columbia Bond Fund, Institutional 3 Class
|
|||||||||
|
|
53,556,382
|
1,186,540
|
(2,850,923
)
|
715,486
|
52,607,485
|
—
|
(537,738
)
|
1,160,120
|
1,766,537
|
|
Columbia Contrarian Core Fund, Institutional 3 Class
|
|||||||||
|
|
26,799,030
|
79,456
|
(3,996,039
)
|
2,967,635
|
25,850,082
|
—
|
732,802
|
—
|
685,133
|
|
Columbia Corporate Income Fund, Institutional 3 Class
|
|||||||||
|
|
37,743,062
|
859,959
|
(1,608,990
)
|
286,224
|
37,280,255
|
—
|
(299,202
)
|
847,737
|
4,074,345
|
|
Columbia Disciplined Core Fund, Institutional 3 Class
|
|||||||||
|
|
26,370,177
|
71,033
|
(3,799,900
)
|
3,293,089
|
25,934,399
|
—
|
615,088
|
—
|
1,663,528
|
|
Columbia Emerging Markets Bond Fund, Institutional 3 Class
|
|||||||||
|
|
5,340,712
|
138,625
|
(449,232
)
|
193,919
|
5,224,024
|
—
|
(59,161
)
|
137,800
|
549,898
|
|
Columbia High Yield Bond Fund, Institutional 3 Class
|
|||||||||
|
|
28,448,829
|
829,263
|
(1,973,926
)
|
610,281
|
27,914,447
|
—
|
(207,840
)
|
826,213
|
2,558,611
|
|
Columbia Large Cap Growth Fund, Institutional 3 Class
|
|||||||||
|
|
6,976,472
|
46,403
|
(1,494,786
)
|
867,294
|
6,395,383
|
—
|
154,562
|
—
|
87,083
|
|
Columbia Overseas Core Fund, Institutional 3 Class
|
|||||||||
|
|
31,582,883
|
284,386
|
(2,612,923
)
|
2,064,077
|
31,318,423
|
—
|
163,251
|
269,910
|
2,962,954
|
|
Columbia Quality Income Fund, Institutional 3 Class
|
|||||||||
|
|
44,960,645
|
994,411
|
(2,191,564
)
|
528,955
|
44,292,447
|
—
|
(484,681
)
|
957,316
|
2,489,739
|
|
Columbia Select Large Cap Equity Fund, Institutional 3 Class
|
|||||||||
|
|
26,469,233
|
870,274
|
(3,705,067
)
|
1,473,153
|
25,107,593
|
745,792
|
974,663
|
68,002
|
1,220,000
|
|
Columbia Select Small Cap Value Fund, Institutional 3 Class
|
|||||||||
|
|
2,408,962
|
5,615
|
(351,539
)
|
383,641
|
2,446,679
|
—
|
11,457
|
—
|
90,887
|
|
Columbia Short-Term Cash Fund, 5.551%
|
|||||||||
|
|
16,334,981
|
7,279,468
|
(7,002,680
)
|
351
|
16,612,120
|
—
|
(259
)
|
460,891
|
16,615,443
|
|
Columbia Small Cap Growth Fund, Institutional 3 Class
|
|||||||||
|
|
2,479,957
|
22,462
|
(720,839
)
|
567,258
|
2,348,838
|
—
|
(139,510
)
|
—
|
84,887
|
The accompanying Notes to Financial Statements are an integral part of this statement.
8
Columbia Capital Allocation Portfolios | 2024
Portfolio of Investments (continued)
Columbia Capital Allocation Moderate Conservative Portfolio, July 31, 2024 (Unaudited)
Notes to Portfolio of Investments (continued)
|
Affiliated issuers
|
Beginning
of period($)
|
Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Capital gain
distributions($)
|
Realized gain
(loss)($)
|
Dividends —
affiliated
issuers ($)
|
End of
period shares
|
|
Columbia U.S. Treasury Index Fund, Institutional 3 Class
|
|||||||||
|
|
43,595,510
|
731,404
|
(1,555,176
)
|
125,110
|
42,896,848
|
—
|
(228,497
)
|
706,768
|
4,272,594
|
|
Total
|
353,066,835
|
|
|
14,076,473
|
346,229,023
|
745,792
|
694,935
|
5,434,757
|
|
|
(b)
|
Non-income producing investment.
|
|
(c)
|
The rate shown is the seven-day current annualized yield at July 31, 2024.
|
Currency Legend
|
AUD
|
Australian Dollar
|
|
CHF
|
Swiss Franc
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
JPY
|
Japanese Yen
|
|
NOK
|
Norwegian Krone
|
|
USD
|
US Dollar
|
Fair value measurements
The Fund categorizes its fair value measurements according to a three-level hierarchy
that maximizes the use of observable inputs and minimizes the use of unobservable
inputs by prioritizing that the most observable input be used when available. Observable inputs
are those that market participants would use in pricing an investment based on market
data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset’s or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity
associated with investments at that level. For example, certain U.S. government securities
are generally high quality and liquid, however, they are reflected as Level 2 because
the inputs used to determine fair value may not always be quoted prices in an active
market.
Fair value inputs are summarized in the three broad levels listed below:
■
Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.
■
Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
■
Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).
Inputs that are used in determining fair value of an investment may include price
information, credit data, volatility statistics, and other factors. These inputs can
be either observable or unobservable. The availability of observable inputs can vary between investments,
and is affected by various factors such as the type of investment, and the volume
and level of activity for that investment or similar investments in the marketplace. The inputs will be
considered by the Investment Manager, along with any other relevant factors in the
calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition
could cause an investment to be reclassified between the various levels within the
hierarchy.
Investments falling into the Level 3 category are primarily supported by quoted prices
from brokers and dealers participating in the market for those investments. However,
these may be classified as Level 3 investments due to lack of market transparency and corroboration
to support these quoted prices. Additionally, valuation models may be used as the
pricing source for any remaining investments classified as Level 3. These models may rely
on one or more significant unobservable inputs and/or significant assumptions by the
Investment Manager. Inputs used in valuations may include, but are not limited to, financial
statement analysis, capital account balances, discount rates and estimated cash flows,
and comparable company data.
The Fund’s Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily
available using valuation procedures approved by the Board. The Committee consists
of voting and non-voting members from various groups within the Investment Manager’s organization, including operations and accounting, trading and investments, compliance, risk management and legal.
The Committee meets at least monthly to review and approve valuation matters, which
may include a description of specific valuation determinations, data regarding pricing
information received from approved pricing vendors and brokers and the results of Board-approved
valuation policies and procedures (the Policies). The Policies address, among other
things, instances when market quotations are or are not readily available, including recommendations
of third party pricing vendors and a determination of appropriate pricing methodologies;
events that require specific valuation determinations and assessment of fair value
techniques; securities with a potential for stale pricing, including those that are illiquid,
restricted, or in default; and the effectiveness of third party pricing vendors, including periodic
reviews of vendors. The Committee meets more frequently, as needed, to discuss additional
valuation matters, which may include the need to review back-testing results, review time-sensitive
information or approve related valuation actions. Representatives of Columbia Management
Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings
to discuss valuation matters and actions during the period, similar to those described
earlier.
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
9
Portfolio of Investments (continued)
Columbia Capital Allocation Moderate Conservative Portfolio, July 31, 2024 (Unaudited)
Fair value measurements (continued)
The following table is a summary of the inputs used to value the Fund’s investments at July 31, 2024:
|
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Total ($)
|
|
Investments in Securities
|
|
|
|
|
|
Equity Funds
|
119,401,397
|
—
|
—
|
119,401,397
|
|
Fixed Income Funds
|
210,215,506
|
—
|
—
|
210,215,506
|
|
Money Market Funds
|
16,612,120
|
—
|
—
|
16,612,120
|
|
Total Investments in Securities
|
346,229,023
|
—
|
—
|
346,229,023
|
|
Investments in Derivatives
|
|
|
|
|
|
Asset
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
—
|
303,104
|
—
|
303,104
|
|
Futures Contracts
|
192,314
|
—
|
—
|
192,314
|
|
Liability
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
—
|
(349,086
)
|
—
|
(349,086
)
|
|
Futures Contracts
|
(617,397
)
|
—
|
—
|
(617,397
)
|
|
Total
|
345,803,940
|
(45,982
)
|
—
|
345,757,958
|
See the Portfolio of Investments for all investment classifications not indicated
in the table.
The Fund’s assets assigned to the Level 2 input category are generally valued using the market approach, in which a security’s value is determined through reference to prices and information from market transactions for similar or identical assets.
Derivative instruments are valued at unrealized appreciation (depreciation).
The accompanying Notes to Financial Statements are an integral part of this statement.
10
Columbia Capital Allocation Portfolios | 2024
Portfolio of Investments
Columbia Capital Allocation Moderate Portfolio, July 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
|
Equity Funds 49.3%
|
||
|
|
Shares
|
Value ($)
|
|
International 13.0%
|
||
|
Columbia Emerging Markets Fund, Institutional 3
Class(a),(b)
|
1,571,597
|
20,917,956
|
|
Columbia Overseas Core Fund, Institutional 3
Class(a)
|
11,343,026
|
119,895,787
|
|
Total
|
140,813,743
|
|
|
U.S. Large Cap 34.3%
|
||
|
Columbia Contrarian Core Fund, Institutional 3
Class(a)
|
2,489,395
|
93,924,875
|
|
Columbia Large Cap Growth Fund, Institutional 3
Class(a),(b)
|
1,414,350
|
103,869,831
|
|
Columbia Large Cap Value Fund, Institutional 3
Class(a)
|
4,691,200
|
82,049,084
|
|
Columbia Select Large Cap Equity Fund, Institutional
3 Class(a)
|
4,520,082
|
93,023,297
|
|
Total
|
372,867,087
|
|
|
U.S. Small Cap 2.0%
|
||
|
Columbia Select Small Cap Value Fund, Institutional
3 Class(a)
|
410,931
|
11,062,264
|
|
Columbia Small Cap Growth Fund, Institutional 3
Class(a),(b)
|
394,761
|
10,923,038
|
|
Total
|
21,985,302
|
|
|
Total Equity Funds
(Cost $468,828,426)
|
535,666,132
|
|
|
|
||
|
Fixed Income Funds 48.4%
|
||
|
|
|
|
|
Emerging Markets 1.5%
|
||
|
Columbia Emerging Markets Bond Fund, Institutional
3 Class(a)
|
1,716,670
|
16,308,362
|
|
Fixed Income Funds (continued)
|
||
|
|
Shares
|
Value ($)
|
|
High Yield 10.5%
|
||
|
Columbia High Yield Bond Fund, Institutional 3
Class(a)
|
10,477,752
|
114,312,275
|
|
Investment Grade 36.4%
|
||
|
Columbia Bond Fund, Institutional 3 Class(a)
|
4,419,663
|
131,617,561
|
|
Columbia Corporate Income Fund, Institutional 3
Class(a)
|
9,387,105
|
85,892,014
|
|
Columbia Quality Income Fund, Institutional 3
Class(a)
|
6,032,330
|
107,315,155
|
|
Columbia U.S. Treasury Index Fund, Institutional 3
Class(a)
|
6,977,878
|
70,057,893
|
|
Total
|
394,882,623
|
|
|
Total Fixed Income Funds
(Cost $602,361,312)
|
525,503,260
|
|
|
|
||
|
Money Market Funds 1.6%
|
||
|
|
|
|
|
Columbia Short-Term Cash Fund, 5.551%(a),(c)
|
16,938,057
|
16,934,670
|
|
Total Money Market Funds
(Cost $16,933,657)
|
16,934,670
|
|
|
Total Investments in Securities
(Cost: $1,088,123,395)
|
1,078,104,062
|
|
|
Other Assets & Liabilities, Net
|
|
7,556,809
|
|
Net Assets
|
1,085,660,871
|
|
At July 31, 2024, securities and/or cash totaling $7,246,920 were pledged as collateral.
Investments in derivatives
|
Forward foreign currency exchange contracts
|
|||||
|
Currency to
be sold
|
Currency to
be purchased
|
Counterparty
|
Settlement
date
|
Unrealized
appreciation ($)
|
Unrealized
depreciation ($)
|
|
15,114,000 CHF
|
16,897,913 USD
|
HSBC
|
08/14/2024
|
—
|
(346,632
)
|
|
32,785,582 USD
|
347,928,000 NOK
|
Morgan Stanley
|
08/14/2024
|
—
|
(886,438
)
|
|
15,734,523 USD
|
2,522,469,000 JPY
|
UBS
|
08/14/2024
|
1,135,871
|
—
|
|
14,558,000 GBP
|
18,642,640 USD
|
Wells Fargo
|
08/14/2024
|
—
|
(74,726
)
|
|
Total
|
|
|
|
1,135,871
|
(1,307,796
)
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
11
Portfolio of Investments (continued)
Columbia Capital Allocation Moderate Portfolio, July 31, 2024 (Unaudited)
|
Long futures contracts
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
Euro STOXX 50 Index
|
86
|
09/2024
|
EUR
|
4,212,280
|
38,444
|
—
|
|
Euro STOXX 50 Index
|
306
|
09/2024
|
EUR
|
14,987,880
|
—
|
(207,386
)
|
|
MSCI Emerging Markets Index
|
184
|
09/2024
|
USD
|
10,087,800
|
83,854
|
—
|
|
S&P 500 Index E-mini
|
121
|
09/2024
|
USD
|
33,625,900
|
381,352
|
—
|
|
TOPIX Index
|
119
|
09/2024
|
JPY
|
3,328,430,000
|
209,993
|
—
|
|
Total
|
|
|
|
|
713,643
|
(207,386
)
|
|
Short futures contracts
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
FTSE 100 Index
|
(210)
|
09/2024
|
GBP
|
(17,550,750
)
|
—
|
(447,040
)
|
|
SPI 200 Index
|
(166)
|
09/2024
|
AUD
|
(33,453,150
)
|
—
|
(1,027,252
)
|
|
Total
|
|
|
|
|
—
|
(1,474,292
)
|
Notes to Portfolio of Investments
|
(a)
|
As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of
the holdings and transactions in these affiliated companies during the period ended
July 31, 2024 are as follows:
|
|
Affiliated issuers
|
Beginning
of period($)
|
Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Capital gain
distributions($)
|
Realized gain
(loss)($)
|
Dividends —
affiliated
issuers ($)
|
End of
period shares
|
|
Columbia Bond Fund, Institutional 3 Class
|
|||||||||
|
|
132,394,833
|
3,130,799
|
(5,394,942
)
|
1,486,871
|
131,617,561
|
—
|
(1,027,452
)
|
2,887,449
|
4,419,663
|
|
Columbia Contrarian Core Fund, Institutional 3 Class
|
|||||||||
|
|
95,492,488
|
16
|
(12,558,782
)
|
10,991,153
|
93,924,875
|
—
|
2,297,268
|
—
|
2,489,395
|
|
Columbia Corporate Income Fund, Institutional 3 Class
|
|||||||||
|
|
86,252,526
|
2,101,129
|
(3,038,490
)
|
576,849
|
85,892,014
|
—
|
(600,966
)
|
1,944,457
|
9,387,105
|
|
Columbia Emerging Markets Bond Fund, Institutional 3 Class
|
|||||||||
|
|
16,462,648
|
436,855
|
(1,274,230
)
|
683,089
|
16,308,362
|
—
|
(263,574
)
|
429,531
|
1,716,670
|
|
Columbia Emerging Markets Fund, Institutional 3 Class
|
|||||||||
|
|
21,202,105
|
12,670
|
(1,729,852
)
|
1,433,033
|
20,917,956
|
—
|
642,494
|
—
|
1,571,597
|
|
Columbia High Yield Bond Fund, Institutional 3 Class
|
|||||||||
|
|
115,395,006
|
3,446,175
|
(6,908,047
)
|
2,379,141
|
114,312,275
|
—
|
(731,536
)
|
3,375,442
|
10,477,752
|
|
Columbia Large Cap Growth Fund, Institutional 3 Class
|
|||||||||
|
|
108,963,836
|
7,113
|
(15,929,710
)
|
10,828,592
|
103,869,831
|
—
|
5,117,863
|
—
|
1,414,350
|
|
Columbia Large Cap Value Fund, Institutional 3 Class
|
|||||||||
|
|
81,863,237
|
710,583
|
(8,155,923
)
|
7,631,187
|
82,049,084
|
—
|
1,245,397
|
703,958
|
4,691,200
|
|
Columbia Overseas Core Fund, Institutional 3 Class
|
|||||||||
|
|
119,332,533
|
1,081,511
|
(8,077,792
)
|
7,559,535
|
119,895,787
|
—
|
927,655
|
1,033,516
|
11,343,026
|
|
Columbia Quality Income Fund, Institutional 3 Class
|
|||||||||
|
|
107,519,666
|
2,661,034
|
(3,791,997
)
|
926,452
|
107,315,155
|
—
|
(774,280
)
|
2,304,881
|
6,032,330
|
|
Columbia Select Large Cap Equity Fund, Institutional 3 Class
|
|||||||||
|
|
95,661,849
|
2,993,314
|
(11,263,214
)
|
5,631,348
|
93,023,297
|
2,743,130
|
3,249,684
|
250,122
|
4,520,082
|
|
Columbia Select Small Cap Value Fund, Institutional 3 Class
|
|||||||||
|
|
10,609,395
|
6,184
|
(1,132,952
)
|
1,579,637
|
11,062,264
|
—
|
183,628
|
—
|
410,931
|
|
Columbia Short-Term Cash Fund, 5.551%
|
|||||||||
|
|
15,941,898
|
25,568,129
|
(24,575,789
)
|
432
|
16,934,670
|
—
|
(157
)
|
496,376
|
16,938,057
|
The accompanying Notes to Financial Statements are an integral part of this statement.
12
Columbia Capital Allocation Portfolios | 2024
Portfolio of Investments (continued)
Columbia Capital Allocation Moderate Portfolio, July 31, 2024 (Unaudited)
Notes to Portfolio of Investments (continued)
|
Affiliated issuers
|
Beginning
of period($)
|
Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Capital gain
distributions($)
|
Realized gain
(loss)($)
|
Dividends —
affiliated
issuers ($)
|
End of
period shares
|
|
Columbia Small Cap Growth Fund, Institutional 3 Class
|
|||||||||
|
|
10,936,923
|
1,098
|
(2,238,982
)
|
2,223,999
|
10,923,038
|
—
|
(327,043
)
|
—
|
394,761
|
|
Columbia U.S. Treasury Index Fund, Institutional 3 Class
|
|||||||||
|
|
70,358,631
|
1,328,784
|
(1,815,735
)
|
186,213
|
70,057,893
|
—
|
(340,392
)
|
1,147,030
|
6,977,878
|
|
Total
|
1,088,387,574
|
|
|
54,117,531
|
1,078,104,062
|
2,743,130
|
9,598,589
|
14,572,762
|
|
|
(b)
|
Non-income producing investment.
|
|
(c)
|
The rate shown is the seven-day current annualized yield at July 31, 2024.
|
Currency Legend
|
AUD
|
Australian Dollar
|
|
CHF
|
Swiss Franc
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
JPY
|
Japanese Yen
|
|
NOK
|
Norwegian Krone
|
|
USD
|
US Dollar
|
Fair value measurements
The Fund categorizes its fair value measurements according to a three-level hierarchy
that maximizes the use of observable inputs and minimizes the use of unobservable
inputs by prioritizing that the most observable input be used when available. Observable inputs
are those that market participants would use in pricing an investment based on market
data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset’s or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity
associated with investments at that level. For example, certain U.S. government securities
are generally high quality and liquid, however, they are reflected as Level 2 because
the inputs used to determine fair value may not always be quoted prices in an active
market.
Fair value inputs are summarized in the three broad levels listed below:
■
Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.
■
Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
■
Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).
Inputs that are used in determining fair value of an investment may include price
information, credit data, volatility statistics, and other factors. These inputs can
be either observable or unobservable. The availability of observable inputs can vary between investments,
and is affected by various factors such as the type of investment, and the volume
and level of activity for that investment or similar investments in the marketplace. The inputs will be
considered by the Investment Manager, along with any other relevant factors in the
calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition
could cause an investment to be reclassified between the various levels within the
hierarchy.
Investments falling into the Level 3 category are primarily supported by quoted prices
from brokers and dealers participating in the market for those investments. However,
these may be classified as Level 3 investments due to lack of market transparency and corroboration
to support these quoted prices. Additionally, valuation models may be used as the
pricing source for any remaining investments classified as Level 3. These models may rely
on one or more significant unobservable inputs and/or significant assumptions by the
Investment Manager. Inputs used in valuations may include, but are not limited to, financial
statement analysis, capital account balances, discount rates and estimated cash flows,
and comparable company data.
The Fund’s Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily
available using valuation procedures approved by the Board. The Committee consists
of voting and non-voting members from various groups within the Investment Manager’s organization, including operations and accounting, trading and investments, compliance, risk management and legal.
The Committee meets at least monthly to review and approve valuation matters, which
may include a description of specific valuation determinations, data regarding pricing
information received from approved pricing vendors and brokers and the results of Board-approved
valuation policies and procedures (the Policies). The Policies address, among other
things, instances when market quotations are or are not readily available, including recommendations
of third party pricing vendors and a determination of appropriate pricing methodologies;
events that require specific valuation determinations and assessment of fair value
techniques; securities with a potential for stale pricing, including those that are illiquid,
restricted, or in default; and the effectiveness of third party pricing vendors, including periodic
reviews of vendors. The Committee meets more frequently, as needed, to discuss additional
valuation matters, which may include the need to review back-testing results, review time-sensitive
information or approve related valuation actions. Representatives of Columbia Management
Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings
to discuss valuation matters and actions during the period, similar to those described
earlier.
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
13
Portfolio of Investments (continued)
Columbia Capital Allocation Moderate Portfolio, July 31, 2024 (Unaudited)
Fair value measurements (continued)
The following table is a summary of the inputs used to value the Fund’s investments at July 31, 2024:
|
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Total ($)
|
|
Investments in Securities
|
|
|
|
|
|
Equity Funds
|
535,666,132
|
—
|
—
|
535,666,132
|
|
Fixed Income Funds
|
525,503,260
|
—
|
—
|
525,503,260
|
|
Money Market Funds
|
16,934,670
|
—
|
—
|
16,934,670
|
|
Total Investments in Securities
|
1,078,104,062
|
—
|
—
|
1,078,104,062
|
|
Investments in Derivatives
|
|
|
|
|
|
Asset
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
—
|
1,135,871
|
—
|
1,135,871
|
|
Futures Contracts
|
713,643
|
—
|
—
|
713,643
|
|
Liability
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
—
|
(1,307,796
)
|
—
|
(1,307,796
)
|
|
Futures Contracts
|
(1,681,678
)
|
—
|
—
|
(1,681,678
)
|
|
Total
|
1,077,136,027
|
(171,925
)
|
—
|
1,076,964,102
|
See the Portfolio of Investments for all investment classifications not indicated
in the table.
The Fund’s assets assigned to the Level 2 input category are generally valued using the market approach, in which a security’s value is determined through reference to prices and information from market transactions for similar or identical assets.
Derivative instruments are valued at unrealized appreciation (depreciation).
The accompanying Notes to Financial Statements are an integral part of this statement.
14
Columbia Capital Allocation Portfolios | 2024
Portfolio of Investments
Columbia Capital Allocation Moderate Aggressive Portfolio, July 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
|
Equity Funds 64.8%
|
||
|
|
Shares
|
Value ($)
|
|
International 16.0%
|
||
|
Columbia Emerging Markets Fund, Institutional 3
Class(a),(b)
|
5,073,656
|
67,530,357
|
|
Columbia Overseas Core Fund, Institutional 3
Class(a)
|
19,690,588
|
208,129,513
|
|
Total
|
275,659,870
|
|
|
U.S. Large Cap 46.1%
|
||
|
Columbia Contrarian Core Fund, Institutional 3
Class(a)
|
5,414,229
|
204,278,880
|
|
Columbia Large Cap Growth Fund, Institutional 3
Class(a),(b)
|
3,105,640
|
228,078,169
|
|
Columbia Large Cap Value Fund, Institutional 3
Class(a)
|
9,934,011
|
173,745,860
|
|
Columbia Select Large Cap Equity Fund, Institutional
3 Class(a)
|
9,125,884
|
187,810,684
|
|
Total
|
793,913,593
|
|
|
U.S. Small Cap 2.7%
|
||
|
Columbia Select Small Cap Value Fund, Institutional
3 Class(a)
|
870,175
|
23,425,106
|
|
Columbia Small Cap Growth Fund, Institutional 3
Class(a),(b)
|
834,988
|
23,104,131
|
|
Total
|
46,529,237
|
|
|
Total Equity Funds
(Cost $964,818,787)
|
1,116,102,700
|
|
|
|
||
|
Fixed Income Funds 33.0%
|
||
|
|
|
|
|
Emerging Markets 1.0%
|
||
|
Columbia Emerging Markets Bond Fund, Institutional
3 Class(a)
|
1,810,199
|
17,196,887
|
|
Fixed Income Funds (continued)
|
||
|
|
Shares
|
Value ($)
|
|
High Yield 9.0%
|
||
|
Columbia High Yield Bond Fund, Institutional 3
Class(a)
|
14,219,136
|
155,130,775
|
|
Investment Grade 23.0%
|
||
|
Columbia Bond Fund, Institutional 3 Class(a)
|
4,652,097
|
138,539,442
|
|
Columbia Corporate Income Fund, Institutional 3
Class(a)
|
10,166,305
|
93,021,694
|
|
Columbia Quality Income Fund, Institutional 3
Class(a)
|
6,237,001
|
110,956,242
|
|
Columbia U.S. Treasury Index Fund, Institutional 3
Class(a)
|
5,465,816
|
54,876,799
|
|
Total
|
397,394,177
|
|
|
Total Fixed Income Funds
(Cost $644,135,295)
|
569,721,839
|
|
|
|
||
|
Money Market Funds 1.4%
|
||
|
|
|
|
|
Columbia Short-Term Cash Fund, 5.551%(a),(c)
|
24,422,305
|
24,417,420
|
|
Total Money Market Funds
(Cost $24,415,926)
|
24,417,420
|
|
|
Total Investments in Securities
(Cost: $1,633,370,008)
|
1,710,241,959
|
|
|
Other Assets & Liabilities, Net
|
|
13,187,385
|
|
Net Assets
|
1,723,429,344
|
|
At July 31, 2024, securities and/or cash totaling $12,808,566 were pledged as collateral.
Investments in derivatives
|
Forward foreign currency exchange contracts
|
|||||
|
Currency to
be sold
|
Currency to
be purchased
|
Counterparty
|
Settlement
date
|
Unrealized
appreciation ($)
|
Unrealized
depreciation ($)
|
|
27,510,000 CHF
|
30,757,018 USD
|
HSBC
|
08/14/2024
|
—
|
(630,927
)
|
|
60,640,249 USD
|
643,528,000 NOK
|
Morgan Stanley
|
08/14/2024
|
—
|
(1,639,557
)
|
|
28,638,892 USD
|
4,591,224,000 JPY
|
UBS
|
08/14/2024
|
2,067,434
|
—
|
|
26,556,000 GBP
|
34,007,003 USD
|
Wells Fargo
|
08/14/2024
|
—
|
(136,312
)
|
|
Total
|
|
|
|
2,067,434
|
(2,406,796
)
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
15
Portfolio of Investments (continued)
Columbia Capital Allocation Moderate Aggressive Portfolio, July 31, 2024 (Unaudited)
|
Long futures contracts
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
Euro STOXX 50 Index
|
161
|
09/2024
|
EUR
|
7,885,780
|
71,971
|
—
|
|
Euro STOXX 50 Index
|
488
|
09/2024
|
EUR
|
23,902,240
|
—
|
(330,733
)
|
|
MSCI Emerging Markets Index
|
332
|
09/2024
|
USD
|
18,201,900
|
151,302
|
—
|
|
S&P 500 Index E-mini
|
218
|
09/2024
|
USD
|
60,582,200
|
646,059
|
—
|
|
TOPIX Index
|
196
|
09/2024
|
JPY
|
5,482,120,000
|
369,299
|
—
|
|
Total
|
|
|
|
|
1,238,631
|
(330,733
)
|
|
Short futures contracts
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
FTSE 100 Index
|
(388)
|
09/2024
|
GBP
|
(32,427,100
)
|
—
|
(825,117
)
|
|
SPI 200 Index
|
(308)
|
09/2024
|
AUD
|
(62,069,700
)
|
—
|
(1,905,985
)
|
|
Total
|
|
|
|
|
—
|
(2,731,102
)
|
Notes to Portfolio of Investments
|
(a)
|
As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of
the holdings and transactions in these affiliated companies during the period ended
July 31, 2024 are as follows:
|
|
Affiliated issuers
|
Beginning
of period($)
|
Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Capital gain
distributions($)
|
Realized gain
(loss)($)
|
Dividends —
affiliated
issuers ($)
|
End of
period shares
|
|
Columbia Bond Fund, Institutional 3 Class
|
|||||||||
|
|
136,504,259
|
3,004,319
|
(1,862,496
)
|
893,360
|
138,539,442
|
—
|
(354,810
)
|
2,997,676
|
4,652,097
|
|
Columbia Contrarian Core Fund, Institutional 3 Class
|
|||||||||
|
|
200,188,812
|
522
|
(19,679,559
)
|
23,769,105
|
204,278,880
|
—
|
4,391,520
|
—
|
5,414,229
|
|
Columbia Corporate Income Fund, Institutional 3 Class
|
|||||||||
|
|
91,264,600
|
2,080,083
|
(430,733
)
|
107,744
|
93,021,694
|
—
|
(82,593
)
|
2,075,318
|
10,166,305
|
|
Columbia Emerging Markets Bond Fund, Institutional 3 Class
|
|||||||||
|
|
16,989,911
|
448,709
|
(670,071
)
|
428,338
|
17,196,887
|
—
|
8,357
|
448,168
|
1,810,199
|
|
Columbia Emerging Markets Fund, Institutional 3 Class
|
|||||||||
|
|
65,435,723
|
3,630
|
(2,993,091
)
|
5,084,095
|
67,530,357
|
—
|
1,336,955
|
—
|
5,073,656
|
|
Columbia High Yield Bond Fund, Institutional 3 Class
|
|||||||||
|
|
152,828,727
|
4,532,361
|
(5,014,550
)
|
2,784,237
|
155,130,775
|
—
|
(545,006
)
|
4,527,354
|
14,219,136
|
|
Columbia Large Cap Growth Fund, Institutional 3 Class
|
|||||||||
|
|
228,197,118
|
2,974
|
(25,650,560
)
|
25,528,637
|
228,078,169
|
—
|
8,138,083
|
—
|
3,105,640
|
|
Columbia Large Cap Value Fund, Institutional 3 Class
|
|||||||||
|
|
168,598,456
|
1,482,238
|
(12,860,556
)
|
16,525,722
|
173,745,860
|
—
|
1,914,509
|
1,470,777
|
9,934,011
|
|
Columbia Overseas Core Fund, Institutional 3 Class
|
|||||||||
|
|
201,157,229
|
1,798,545
|
(9,215,431
)
|
14,389,170
|
208,129,513
|
—
|
92,006
|
1,798,144
|
19,690,588
|
|
Columbia Quality Income Fund, Institutional 3 Class
|
|||||||||
|
|
108,830,224
|
2,353,412
|
(548,912
)
|
321,518
|
110,956,242
|
—
|
(126,991
)
|
2,337,469
|
6,237,001
|
|
Columbia Select Large Cap Equity Fund, Institutional 3 Class
|
|||||||||
|
|
186,294,792
|
6,019,128
|
(17,375,982
)
|
12,872,746
|
187,810,684
|
5,514,072
|
4,520,724
|
502,780
|
9,125,884
|
|
Columbia Select Small Cap Value Fund, Institutional 3 Class
|
|||||||||
|
|
21,602,077
|
1,327
|
(1,598,831
)
|
3,420,533
|
23,425,106
|
—
|
239,676
|
—
|
870,175
|
|
Columbia Short-Term Cash Fund, 5.551%
|
|||||||||
|
|
22,316,287
|
46,999,869
|
(44,899,652
)
|
916
|
24,417,420
|
—
|
(482
)
|
721,590
|
24,422,305
|
The accompanying Notes to Financial Statements are an integral part of this statement.
16
Columbia Capital Allocation Portfolios | 2024
Portfolio of Investments (continued)
Columbia Capital Allocation Moderate Aggressive Portfolio, July 31, 2024 (Unaudited)
Notes to Portfolio of Investments (continued)
|
Affiliated issuers
|
Beginning
of period($)
|
Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Capital gain
distributions($)
|
Realized gain
(loss)($)
|
Dividends —
affiliated
issuers ($)
|
End of
period shares
|
|
Columbia Small Cap Growth Fund, Institutional 3 Class
|
|||||||||
|
|
22,414,756
|
1,954
|
(3,578,553
)
|
4,265,974
|
23,104,131
|
—
|
(358,976
)
|
—
|
834,988
|
|
Columbia U.S. Treasury Index Fund, Institutional 3 Class
|
|||||||||
|
|
54,206,831
|
893,956
|
(158,474
)
|
(65,514
)
|
54,876,799
|
—
|
(30,602
)
|
888,621
|
5,465,816
|
|
Total
|
1,676,829,802
|
|
|
110,326,581
|
1,710,241,959
|
5,514,072
|
19,142,370
|
17,767,897
|
|
|
(b)
|
Non-income producing investment.
|
|
(c)
|
The rate shown is the seven-day current annualized yield at July 31, 2024.
|
Currency Legend
|
AUD
|
Australian Dollar
|
|
CHF
|
Swiss Franc
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
JPY
|
Japanese Yen
|
|
NOK
|
Norwegian Krone
|
|
USD
|
US Dollar
|
Fair value measurements
The Fund categorizes its fair value measurements according to a three-level hierarchy
that maximizes the use of observable inputs and minimizes the use of unobservable
inputs by prioritizing that the most observable input be used when available. Observable inputs
are those that market participants would use in pricing an investment based on market
data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset’s or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity
associated with investments at that level. For example, certain U.S. government securities
are generally high quality and liquid, however, they are reflected as Level 2 because
the inputs used to determine fair value may not always be quoted prices in an active
market.
Fair value inputs are summarized in the three broad levels listed below:
■
Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.
■
Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
■
Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).
Inputs that are used in determining fair value of an investment may include price
information, credit data, volatility statistics, and other factors. These inputs can
be either observable or unobservable. The availability of observable inputs can vary between investments,
and is affected by various factors such as the type of investment, and the volume
and level of activity for that investment or similar investments in the marketplace. The inputs will be
considered by the Investment Manager, along with any other relevant factors in the
calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition
could cause an investment to be reclassified between the various levels within the
hierarchy.
Investments falling into the Level 3 category are primarily supported by quoted prices
from brokers and dealers participating in the market for those investments. However,
these may be classified as Level 3 investments due to lack of market transparency and corroboration
to support these quoted prices. Additionally, valuation models may be used as the
pricing source for any remaining investments classified as Level 3. These models may rely
on one or more significant unobservable inputs and/or significant assumptions by the
Investment Manager. Inputs used in valuations may include, but are not limited to, financial
statement analysis, capital account balances, discount rates and estimated cash flows,
and comparable company data.
The Fund’s Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily
available using valuation procedures approved by the Board. The Committee consists
of voting and non-voting members from various groups within the Investment Manager’s organization, including operations and accounting, trading and investments, compliance, risk management and legal.
The Committee meets at least monthly to review and approve valuation matters, which
may include a description of specific valuation determinations, data regarding pricing
information received from approved pricing vendors and brokers and the results of Board-approved
valuation policies and procedures (the Policies). The Policies address, among other
things, instances when market quotations are or are not readily available, including recommendations
of third party pricing vendors and a determination of appropriate pricing methodologies;
events that require specific valuation determinations and assessment of fair value
techniques; securities with a potential for stale pricing, including those that are illiquid,
restricted, or in default; and the effectiveness of third party pricing vendors, including periodic
reviews of vendors. The Committee meets more frequently, as needed, to discuss additional
valuation matters, which may include the need to review back-testing results, review time-sensitive
information or approve related valuation actions. Representatives of Columbia Management
Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings
to discuss valuation matters and actions during the period, similar to those described
earlier.
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
17
Portfolio of Investments (continued)
Columbia Capital Allocation Moderate Aggressive Portfolio, July 31, 2024 (Unaudited)
Fair value measurements (continued)
The following table is a summary of the inputs used to value the Fund’s investments at July 31, 2024:
|
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Total ($)
|
|
Investments in Securities
|
|
|
|
|
|
Equity Funds
|
1,116,102,700
|
—
|
—
|
1,116,102,700
|
|
Fixed Income Funds
|
569,721,839
|
—
|
—
|
569,721,839
|
|
Money Market Funds
|
24,417,420
|
—
|
—
|
24,417,420
|
|
Total Investments in Securities
|
1,710,241,959
|
—
|
—
|
1,710,241,959
|
|
Investments in Derivatives
|
|
|
|
|
|
Asset
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
—
|
2,067,434
|
—
|
2,067,434
|
|
Futures Contracts
|
1,238,631
|
—
|
—
|
1,238,631
|
|
Liability
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
—
|
(2,406,796
)
|
—
|
(2,406,796
)
|
|
Futures Contracts
|
(3,061,835
)
|
—
|
—
|
(3,061,835
)
|
|
Total
|
1,708,418,755
|
(339,362
)
|
—
|
1,708,079,393
|
See the Portfolio of Investments for all investment classifications not indicated
in the table.
The Fund’s assets assigned to the Level 2 input category are generally valued using the market approach, in which a security’s value is determined through reference to prices and information from market transactions for similar or identical assets.
Derivative instruments are valued at unrealized appreciation (depreciation).
The accompanying Notes to Financial Statements are an integral part of this statement.
18
Columbia Capital Allocation Portfolios | 2024
Portfolio of Investments
Columbia Capital Allocation Aggressive Portfolio, July 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
|
Equity Funds 80.0%
|
||
|
|
Shares
|
Value ($)
|
|
International 19.9%
|
||
|
Columbia Emerging Markets Fund, Institutional 3
Class(a),(b)
|
5,792,466
|
77,097,729
|
|
Columbia Overseas Core Fund, Institutional 3
Class(a)
|
17,388,124
|
183,792,468
|
|
Total
|
260,890,197
|
|
|
U.S. Large Cap 56.7%
|
||
|
Columbia Contrarian Core Fund, Institutional 3
Class(a)
|
5,110,735
|
192,828,029
|
|
Columbia Large Cap Growth Fund, Institutional 3
Class(a),(b)
|
2,824,198
|
207,409,065
|
|
Columbia Large Cap Value Fund, Institutional 3
Class(a)
|
8,664,043
|
151,534,114
|
|
Columbia Select Large Cap Equity Fund, Institutional
3 Class(a)
|
9,178,975
|
188,903,314
|
|
Total
|
740,674,522
|
|
|
U.S. Small Cap 3.4%
|
||
|
Columbia Select Small Cap Value Fund, Institutional
3 Class(a)
|
826,365
|
22,245,752
|
|
Columbia Small Cap Growth Fund, Institutional 3
Class(a),(b)
|
791,370
|
21,897,212
|
|
Total
|
44,142,964
|
|
|
Total Equity Funds
(Cost $873,947,970)
|
1,045,707,683
|
|
|
|
||
|
Fixed Income Funds 17.9%
|
||
|
|
|
|
|
Emerging Markets 0.5%
|
||
|
Columbia Emerging Markets Bond Fund, Institutional
3 Class(a)
|
682,652
|
6,485,198
|
|
Fixed Income Funds (continued)
|
||
|
|
Shares
|
Value ($)
|
|
High Yield 7.0%
|
||
|
Columbia High Yield Bond Fund, Institutional 3
Class(a)
|
8,323,586
|
90,810,322
|
|
Investment Grade 10.4%
|
||
|
Columbia Corporate Income Fund, Institutional 3
Class(a)
|
5,358,254
|
49,028,024
|
|
Columbia Quality Income Fund, Institutional 3
Class(a)
|
3,512,635
|
62,489,769
|
|
Columbia U.S. Treasury Index Fund, Institutional 3
Class(a)
|
2,427,953
|
24,376,646
|
|
Total
|
135,894,439
|
|
|
Total Fixed Income Funds
(Cost $236,153,827)
|
233,189,959
|
|
|
|
||
|
Money Market Funds 1.3%
|
||
|
|
|
|
|
Columbia Short-Term Cash Fund, 5.551%(a),(c)
|
16,594,137
|
16,590,818
|
|
Total Money Market Funds
(Cost $16,589,256)
|
16,590,818
|
|
|
Total Investments in Securities
(Cost: $1,126,691,053)
|
1,295,488,460
|
|
|
Other Assets & Liabilities, Net
|
|
10,846,440
|
|
Net Assets
|
1,306,334,900
|
|
At July 31, 2024, securities and/or cash totaling $10,528,319 were pledged as collateral.
Investments in derivatives
|
Forward foreign currency exchange contracts
|
|||||
|
Currency to
be sold
|
Currency to
be purchased
|
Counterparty
|
Settlement
date
|
Unrealized
appreciation ($)
|
Unrealized
depreciation ($)
|
|
23,653,000 CHF
|
26,444,775 USD
|
HSBC
|
08/14/2024
|
—
|
(542,469
)
|
|
52,531,959 USD
|
557,481,000 NOK
|
Morgan Stanley
|
08/14/2024
|
—
|
(1,420,329
)
|
|
24,623,904 USD
|
3,947,564,000 JPY
|
UBS
|
08/14/2024
|
1,777,593
|
—
|
|
22,828,000 GBP
|
29,233,012 USD
|
Wells Fargo
|
08/14/2024
|
—
|
(117,176
)
|
|
Total
|
|
|
|
1,777,593
|
(2,079,974
)
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
19
Portfolio of Investments (continued)
Columbia Capital Allocation Aggressive Portfolio, July 31, 2024 (Unaudited)
|
Long futures contracts
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
Euro STOXX 50 Index
|
153
|
09/2024
|
EUR
|
7,493,940
|
68,395
|
—
|
|
Euro STOXX 50 Index
|
357
|
09/2024
|
EUR
|
17,485,860
|
—
|
(241,950
)
|
|
MSCI Emerging Markets Index
|
332
|
09/2024
|
USD
|
18,201,900
|
151,302
|
—
|
|
S&P 500 Index E-mini
|
169
|
09/2024
|
USD
|
46,965,100
|
464,588
|
—
|
|
TOPIX Index
|
154
|
09/2024
|
JPY
|
4,307,380,000
|
327,662
|
—
|
|
Total
|
|
|
|
|
1,011,947
|
(241,950
)
|
|
Short futures contracts
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
FTSE 100 Index
|
(334)
|
09/2024
|
GBP
|
(27,914,050
)
|
—
|
(711,007
)
|
|
SPI 200 Index
|
(265)
|
09/2024
|
AUD
|
(53,404,125
)
|
—
|
(1,639,890
)
|
|
Total
|
|
|
|
|
—
|
(2,350,897
)
|
Notes to Portfolio of Investments
|
(a)
|
As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of
the holdings and transactions in these affiliated companies during the period ended
July 31, 2024 are as follows:
|
|
Affiliated issuers
|
Beginning
of period($)
|
Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Capital gain
distributions($)
|
Realized gain
(loss)($)
|
Dividends —
affiliated
issuers ($)
|
End of
period shares
|
|
Columbia Contrarian Core Fund, Institutional 3 Class
|
|||||||||
|
|
184,522,329
|
—
|
(13,222,960
)
|
21,528,660
|
192,828,029
|
—
|
4,695,678
|
—
|
5,110,735
|
|
Columbia Corporate Income Fund, Institutional 3 Class
|
|||||||||
|
|
47,653,593
|
1,351,599
|
—
|
22,832
|
49,028,024
|
—
|
—
|
1,089,234
|
5,358,254
|
|
Columbia Emerging Markets Bond Fund, Institutional 3 Class
|
|||||||||
|
|
6,249,013
|
182,817
|
(108,504
)
|
161,872
|
6,485,198
|
—
|
265
|
167,384
|
682,652
|
|
Columbia Emerging Markets Fund, Institutional 3 Class
|
|||||||||
|
|
72,248,203
|
667,024
|
(2,065,876
)
|
6,248,378
|
77,097,729
|
—
|
918,065
|
—
|
5,792,466
|
|
Columbia High Yield Bond Fund, Institutional 3 Class
|
|||||||||
|
|
87,410,118
|
3,014,656
|
(987,962
)
|
1,373,510
|
90,810,322
|
—
|
(54,647
)
|
2,620,992
|
8,323,586
|
|
Columbia Large Cap Growth Fund, Institutional 3 Class
|
|||||||||
|
|
198,961,022
|
160,461
|
(15,705,600
)
|
23,993,182
|
207,409,065
|
—
|
5,796,268
|
—
|
2,824,198
|
|
Columbia Large Cap Value Fund, Institutional 3 Class
|
|||||||||
|
|
142,779,229
|
1,428,011
|
(7,396,907
)
|
14,723,781
|
151,534,114
|
—
|
1,108,415
|
1,273,745
|
8,664,043
|
|
Columbia Overseas Core Fund, Institutional 3 Class
|
|||||||||
|
|
172,511,015
|
2,466,218
|
(3,756,054
)
|
12,571,289
|
183,792,468
|
—
|
32,573
|
1,584,276
|
17,388,124
|
|
Columbia Quality Income Fund, Institutional 3 Class
|
|||||||||
|
|
60,543,745
|
1,819,167
|
(3,455
)
|
130,312
|
62,489,769
|
—
|
72
|
1,308,060
|
3,512,635
|
|
Columbia Select Large Cap Equity Fund, Institutional 3 Class
|
|||||||||
|
|
183,117,852
|
6,006,066
|
(12,103,603
)
|
11,882,999
|
188,903,314
|
5,504,187
|
5,271,909
|
501,879
|
9,178,975
|
|
Columbia Select Small Cap Value Fund, Institutional 3 Class
|
|||||||||
|
|
19,614,341
|
335,536
|
(728,623
)
|
3,024,498
|
22,245,752
|
—
|
386,582
|
—
|
826,365
|
|
Columbia Short-Term Cash Fund, 5.551%
|
|||||||||
|
|
14,351,376
|
45,223,644
|
(42,985,213
)
|
1,011
|
16,590,818
|
—
|
(720
)
|
494,851
|
16,594,137
|
|
Columbia Small Cap Growth Fund, Institutional 3 Class
|
|||||||||
|
|
20,480,322
|
62,188
|
(1,619,096
)
|
2,973,798
|
21,897,212
|
—
|
670,645
|
—
|
791,370
|
The accompanying Notes to Financial Statements are an integral part of this statement.
20
Columbia Capital Allocation Portfolios | 2024
Portfolio of Investments (continued)
Columbia Capital Allocation Aggressive Portfolio, July 31, 2024 (Unaudited)
Notes to Portfolio of Investments (continued)
|
Affiliated issuers
|
Beginning
of period($)
|
Purchases($)
|
Sales($)
|
Net change in
unrealized
appreciation
(depreciation)($)
|
End of
period($)
|
Capital gain
distributions($)
|
Realized gain
(loss)($)
|
Dividends —
affiliated
issuers ($)
|
End of
period shares
|
|
Columbia U.S. Treasury Index Fund, Institutional 3 Class
|
|||||||||
|
|
23,869,328
|
544,624
|
—
|
(37,306
)
|
24,376,646
|
—
|
—
|
393,448
|
2,427,953
|
|
Total
|
1,234,311,486
|
|
|
98,598,816
|
1,295,488,460
|
5,504,187
|
18,825,105
|
9,433,869
|
|
|
(b)
|
Non-income producing investment.
|
|
(c)
|
The rate shown is the seven-day current annualized yield at July 31, 2024.
|
Currency Legend
|
AUD
|
Australian Dollar
|
|
CHF
|
Swiss Franc
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
JPY
|
Japanese Yen
|
|
NOK
|
Norwegian Krone
|
|
USD
|
US Dollar
|
Fair value measurements
The Fund categorizes its fair value measurements according to a three-level hierarchy
that maximizes the use of observable inputs and minimizes the use of unobservable
inputs by prioritizing that the most observable input be used when available. Observable inputs
are those that market participants would use in pricing an investment based on market
data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset’s or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity
associated with investments at that level. For example, certain U.S. government securities
are generally high quality and liquid, however, they are reflected as Level 2 because
the inputs used to determine fair value may not always be quoted prices in an active
market.
Fair value inputs are summarized in the three broad levels listed below:
■
Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.
■
Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
■
Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).
Inputs that are used in determining fair value of an investment may include price
information, credit data, volatility statistics, and other factors. These inputs can
be either observable or unobservable. The availability of observable inputs can vary between investments,
and is affected by various factors such as the type of investment, and the volume
and level of activity for that investment or similar investments in the marketplace. The inputs will be
considered by the Investment Manager, along with any other relevant factors in the
calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition
could cause an investment to be reclassified between the various levels within the
hierarchy.
Investments falling into the Level 3 category are primarily supported by quoted prices
from brokers and dealers participating in the market for those investments. However,
these may be classified as Level 3 investments due to lack of market transparency and corroboration
to support these quoted prices. Additionally, valuation models may be used as the
pricing source for any remaining investments classified as Level 3. These models may rely
on one or more significant unobservable inputs and/or significant assumptions by the
Investment Manager. Inputs used in valuations may include, but are not limited to, financial
statement analysis, capital account balances, discount rates and estimated cash flows,
and comparable company data.
The Fund’s Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily
available using valuation procedures approved by the Board. The Committee consists
of voting and non-voting members from various groups within the Investment Manager’s organization, including operations and accounting, trading and investments, compliance, risk management and legal.
The Committee meets at least monthly to review and approve valuation matters, which
may include a description of specific valuation determinations, data regarding pricing
information received from approved pricing vendors and brokers and the results of Board-approved
valuation policies and procedures (the Policies). The Policies address, among other
things, instances when market quotations are or are not readily available, including recommendations
of third party pricing vendors and a determination of appropriate pricing methodologies;
events that require specific valuation determinations and assessment of fair value
techniques; securities with a potential for stale pricing, including those that are illiquid,
restricted, or in default; and the effectiveness of third party pricing vendors, including periodic
reviews of vendors. The Committee meets more frequently, as needed, to discuss additional
valuation matters, which may include the need to review back-testing results, review time-sensitive
information or approve related valuation actions. Representatives of Columbia Management
Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings
to discuss valuation matters and actions during the period, similar to those described
earlier.
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
21
Portfolio of Investments (continued)
Columbia Capital Allocation Aggressive Portfolio, July 31, 2024 (Unaudited)
Fair value measurements (continued)
The following table is a summary of the inputs used to value the Fund’s investments at July 31, 2024:
|
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Total ($)
|
|
Investments in Securities
|
|
|
|
|
|
Equity Funds
|
1,045,707,683
|
—
|
—
|
1,045,707,683
|
|
Fixed Income Funds
|
233,189,959
|
—
|
—
|
233,189,959
|
|
Money Market Funds
|
16,590,818
|
—
|
—
|
16,590,818
|
|
Total Investments in Securities
|
1,295,488,460
|
—
|
—
|
1,295,488,460
|
|
Investments in Derivatives
|
|
|
|
|
|
Asset
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
—
|
1,777,593
|
—
|
1,777,593
|
|
Futures Contracts
|
1,011,947
|
—
|
—
|
1,011,947
|
|
Liability
|
|
|
|
|
|
Forward Foreign Currency Exchange Contracts
|
—
|
(2,079,974
)
|
—
|
(2,079,974
)
|
|
Futures Contracts
|
(2,592,847
)
|
—
|
—
|
(2,592,847
)
|
|
Total
|
1,293,907,560
|
(302,381
)
|
—
|
1,293,605,179
|
See the Portfolio of Investments for all investment classifications not indicated
in the table.
The Fund’s assets assigned to the Level 2 input category are generally valued using the market approach, in which a security’s value is determined through reference to prices and information from market transactions for similar or identical assets.
Derivative instruments are valued at unrealized appreciation (depreciation).
The accompanying Notes to Financial Statements are an integral part of this statement.
22
Columbia Capital Allocation Portfolios | 2024
Statement of Assets and Liabilities
July 31, 2024 (Unaudited)
|
|
Columbia
Capital
Allocation
Conservative
Portfolio
|
Columbia
Capital
Allocation
Moderate
Conservative
Portfolio
|
Columbia
Capital
Allocation
Moderate
Portfolio
|
|
Assets
|
|
|
|
|
Investments in securities, at value
|
|
|
|
|
Affiliated issuers (cost $171,625,410, $359,207,045, $1,088,123,395, respectively)
|
$161,349,512
|
$346,229,023
|
$1,078,104,062
|
|
Margin deposits on:
|
|
|
|
|
Futures contracts
|
772,982
|
2,084,771
|
7,246,920
|
|
Unrealized appreciation on forward foreign currency exchange contracts
|
115,111
|
303,104
|
1,135,871
|
|
Receivable for:
|
|
|
|
|
Investments sold
|
18,423
|
238,231
|
369,687
|
|
Capital shares sold
|
15,567
|
2,040
|
53,549
|
|
Dividends
|
481,003
|
842,392
|
2,067,247
|
|
Foreign tax reclaims
|
5,793
|
7,642
|
5,681
|
|
Variation margin for futures contracts
|
115,696
|
326,679
|
1,215,626
|
|
Prepaid expenses
|
6,616
|
7,848
|
12,415
|
|
Other assets
|
5,990
|
—
|
16,343
|
|
Total assets
|
162,886,693
|
350,041,730
|
1,090,227,401
|
|
Liabilities
|
|
|
|
|
Unrealized depreciation on forward foreign currency exchange contracts
|
130,637
|
349,086
|
1,307,796
|
|
Payable for:
|
|
|
|
|
Investments purchased
|
406,545
|
762,194
|
1,975,679
|
|
Capital shares redeemed
|
33,990
|
240,271
|
423,235
|
|
Variation margin for futures contracts
|
63,957
|
168,379
|
590,618
|
|
Management services fees
|
342
|
476
|
964
|
|
Distribution and/or service fees
|
1,184
|
2,674
|
8,242
|
|
Transfer agent fees
|
14,925
|
23,054
|
73,866
|
|
Compensation of chief compliance officer
|
15
|
32
|
99
|
|
Compensation of board members
|
1,092
|
1,269
|
2,003
|
|
Other expenses
|
25,703
|
40,771
|
54,407
|
|
Deferred compensation of board members
|
99,586
|
85,867
|
129,621
|
|
Total liabilities
|
777,976
|
1,674,073
|
4,566,530
|
|
Net assets applicable to outstanding capital stock
|
$162,108,717
|
$348,367,657
|
$1,085,660,871
|
|
Represented by
|
|
|
|
|
Paid in capital
|
181,745,438
|
370,454,055
|
1,086,644,249
|
|
Total distributable earnings (loss)
|
(19,636,721
)
|
(22,086,398
)
|
(983,378
)
|
|
Total - representing net assets applicable to outstanding capital stock
|
$162,108,717
|
$348,367,657
|
$1,085,660,871
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
23
Statement of Assets and Liabilities (continued)
July 31, 2024 (Unaudited)
|
|
Columbia
Capital
Allocation
Conservative
Portfolio
|
Columbia
Capital
Allocation
Moderate
Conservative
Portfolio
|
Columbia
Capital
Allocation
Moderate
Portfolio
|
|
Class A
|
|
|
|
|
Net assets
|
$139,615,803
|
$311,968,397
|
$978,698,558
|
|
Shares outstanding
|
15,124,105
|
31,294,674
|
92,141,462
|
|
Net asset value per share
|
$9.23
|
$9.97
|
$10.62
|
|
Maximum sales charge
|
4.75%
|
5.75%
|
5.75%
|
|
Maximum offering price per share (calculated by dividing the net asset value per share
by 1.0 minus the maximum
sales charge for Class A shares)
|
$9.69
|
$10.58
|
$11.27
|
|
Advisor Class
|
|
|
|
|
Net assets
|
$6,460,712
|
$4,056,414
|
$16,146,106
|
|
Shares outstanding
|
706,087
|
412,169
|
1,550,361
|
|
Net asset value per share
|
$9.15
|
$9.84
|
$10.41
|
|
Class C
|
|
|
|
|
Net assets
|
$8,735,905
|
$19,881,984
|
$60,049,915
|
|
Shares outstanding
|
953,034
|
2,033,469
|
5,721,162
|
|
Net asset value per share
|
$9.17
|
$9.78
|
$10.50
|
|
Institutional Class
|
|
|
|
|
Net assets
|
$7,296,297
|
$10,911,437
|
$20,367,413
|
|
Shares outstanding
|
791,104
|
1,117,390
|
1,921,068
|
|
Net asset value per share
|
$9.22
|
$9.77
|
$10.60
|
|
Institutional 3 Class
|
|
|
|
|
Net assets
|
$—
|
$—
|
$10,398,879
|
|
Shares outstanding
|
—
|
—
|
997,808
|
|
Net asset value per share
|
$—
|
$—
|
$10.42
|
|
Class R
|
|
|
|
|
Net assets
|
$—
|
$1,549,425
|
$—
|
|
Shares outstanding
|
—
|
155,065
|
—
|
|
Net asset value per share
|
$—
|
$9.99
|
$—
|
The accompanying Notes to Financial Statements are an integral part of this statement.
24
Columbia Capital Allocation Portfolios | 2024
Statement of Assets and Liabilities (continued)
July 31, 2024 (Unaudited)
|
|
Columbia
Capital
Allocation
Moderate
Aggressive
Portfolio
|
Columbia
Capital
Allocation
Aggressive
Portfolio
|
|
Assets
|
|
|
|
Investments in securities, at value
|
|
|
|
Affiliated issuers (cost $1,633,370,008, $1,126,691,053, respectively)
|
$1,710,241,959
|
$1,295,488,460
|
|
Foreign currency (cost $900, $—, respectively)
|
892
|
—
|
|
Margin deposits on:
|
|
|
|
Futures contracts
|
12,808,566
|
10,528,319
|
|
Unrealized appreciation on forward foreign currency exchange contracts
|
2,067,434
|
1,777,593
|
|
Receivable for:
|
|
|
|
Investments sold
|
565,219
|
361,487
|
|
Capital shares sold
|
75,880
|
266,003
|
|
Dividends
|
2,322,807
|
1,016,210
|
|
Foreign tax reclaims
|
3,864
|
17,547
|
|
Variation margin for futures contracts
|
2,118,138
|
1,740,583
|
|
Prepaid expenses
|
15,678
|
12,853
|
|
Other assets
|
2,994
|
23,627
|
|
Total assets
|
1,730,223,431
|
1,311,232,682
|
|
Liabilities
|
|
|
|
Due to custodian
|
—
|
3,682
|
|
Unrealized depreciation on forward foreign currency exchange contracts
|
2,406,796
|
2,079,974
|
|
Payable for:
|
|
|
|
Investments purchased
|
2,187,026
|
920,904
|
|
Capital shares redeemed
|
641,098
|
627,490
|
|
Variation margin for futures contracts
|
1,094,349
|
941,721
|
|
Management services fees
|
1,494
|
1,103
|
|
Distribution and/or service fees
|
12,147
|
9,303
|
|
Transfer agent fees
|
135,734
|
103,698
|
|
Compensation of chief compliance officer
|
153
|
114
|
|
Compensation of board members
|
2,570
|
2,131
|
|
Other expenses
|
66,394
|
52,691
|
|
Deferred compensation of board members
|
246,326
|
154,971
|
|
Total liabilities
|
6,794,087
|
4,897,782
|
|
Net assets applicable to outstanding capital stock
|
$1,723,429,344
|
$1,306,334,900
|
|
Represented by
|
|
|
|
Paid in capital
|
1,620,654,763
|
1,105,429,975
|
|
Total distributable earnings (loss)
|
102,774,581
|
200,904,925
|
|
Total - representing net assets applicable to outstanding capital stock
|
$1,723,429,344
|
$1,306,334,900
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
25
Statement of Assets and Liabilities (continued)
July 31, 2024 (Unaudited)
|
|
Columbia
Capital
Allocation
Moderate
Aggressive
Portfolio
|
Columbia
Capital
Allocation
Aggressive
Portfolio
|
|
Class A
|
|
|
|
Net assets
|
$1,519,441,595
|
$1,121,184,222
|
|
Shares outstanding
|
128,249,271
|
84,778,892
|
|
Net asset value per share
|
$11.85
|
$13.22
|
|
Maximum sales charge
|
5.75%
|
5.75%
|
|
Maximum offering price per share (calculated by dividing the net asset value per share
by 1.0 minus the maximum sales charge for
Class A shares)
|
$12.57
|
$14.03
|
|
Advisor Class
|
|
|
|
Net assets
|
$27,508,901
|
$50,077,316
|
|
Shares outstanding
|
2,289,053
|
3,904,075
|
|
Net asset value per share
|
$12.02
|
$12.83
|
|
Class C
|
|
|
|
Net assets
|
$67,919,295
|
$63,848,337
|
|
Shares outstanding
|
5,717,048
|
5,033,620
|
|
Net asset value per share
|
$11.88
|
$12.68
|
|
Institutional Class
|
|
|
|
Net assets
|
$90,054,881
|
$35,335,601
|
|
Shares outstanding
|
7,625,441
|
2,686,424
|
|
Net asset value per share
|
$11.81
|
$13.15
|
|
Institutional 3 Class
|
|
|
|
Net assets
|
$13,580,697
|
$32,790,160
|
|
Shares outstanding
|
1,175,897
|
2,560,944
|
|
Net asset value per share
|
$11.55
|
$12.80
|
|
Class R
|
|
|
|
Net assets
|
$4,923,975
|
$3,099,264
|
|
Shares outstanding
|
416,045
|
237,673
|
|
Net asset value per share
|
$11.84
|
$13.04
|
The accompanying Notes to Financial Statements are an integral part of this statement.
26
Columbia Capital Allocation Portfolios | 2024
Statement of Operations
Six Months Ended July 31, 2024 (Unaudited)
|
|
Columbia
Capital
Allocation
Conservative
Portfolio
|
Columbia
Capital
Allocation
Moderate
Conservative
Portfolio
|
Columbia
Capital
Allocation
Moderate
Portfolio
|
|
Net investment income
|
|
|
|
|
Income:
|
|
|
|
|
Dividends — affiliated issuers
|
$3,051,950
|
$5,434,757
|
$14,572,762
|
|
Other Income
|
7,816
|
22,147
|
85,672
|
|
Foreign taxes withheld
|
(540
)
|
—
|
—
|
|
Total income
|
3,059,226
|
5,456,904
|
14,658,434
|
|
Expenses:
|
|
|
|
|
Management services fees
|
62,111
|
86,648
|
177,290
|
|
Distribution and/or service fees
|
|
|
|
|
Class A
|
173,720
|
387,124
|
1,217,034
|
|
Class C
|
46,152
|
101,909
|
300,911
|
|
Class R
|
317
|
3,438
|
2,308
|
|
Transfer agent fees
|
|
|
|
|
Class A
|
62,380
|
118,798
|
353,257
|
|
Advisor Class
|
2,934
|
1,477
|
5,438
|
|
Class C
|
4,144
|
7,821
|
21,836
|
|
Institutional Class
|
3,318
|
4,262
|
7,427
|
|
Institutional 2 Class
|
67
|
133
|
311
|
|
Institutional 3 Class
|
112
|
39
|
457
|
|
Class R
|
58
|
527
|
337
|
|
Custodian fees
|
11,290
|
9,980
|
11,521
|
|
Printing and postage fees
|
11,771
|
16,464
|
34,624
|
|
Registration fees
|
39,487
|
42,604
|
50,061
|
|
Accounting services fees
|
13,422
|
13,422
|
13,423
|
|
Legal fees
|
5,991
|
6,901
|
10,556
|
|
Interest on collateral
|
—
|
—
|
110
|
|
Compensation of chief compliance officer
|
14
|
31
|
96
|
|
Compensation of board members
|
5,956
|
6,851
|
10,457
|
|
Deferred compensation of board members
|
10,205
|
9,800
|
14,814
|
|
Other
|
7,057
|
8,047
|
12,987
|
|
Total expenses
|
460,506
|
826,276
|
2,245,255
|
|
Net investment income
|
2,598,720
|
4,630,628
|
12,413,179
|
|
Realized and unrealized gain (loss) — net
|
|
|
|
|
Net realized gain (loss) on:
|
|
|
|
|
Investments — unaffiliated issuers
|
90
|
143
|
387
|
|
Investments — affiliated issuers
|
(1,302,311
)
|
694,935
|
9,598,589
|
|
Capital gain distributions from underlying affiliated funds
|
184,017
|
745,792
|
2,743,130
|
|
Foreign currency translations
|
(12,577
)
|
(30,410
)
|
(93,914
)
|
|
Forward foreign currency exchange contracts
|
(129,509
)
|
(341,076
)
|
(1,276,062
)
|
|
Futures contracts
|
680,900
|
1,809,913
|
6,690,138
|
|
Net realized gain (loss)
|
(579,390
)
|
2,879,297
|
17,662,268
|
|
Net change in unrealized appreciation (depreciation) on:
|
|
|
|
|
Investments — affiliated issuers
|
5,357,035
|
14,076,473
|
54,117,531
|
|
Foreign currency translations
|
122
|
(762
)
|
(516
)
|
|
Forward foreign currency exchange contracts
|
(15,526
)
|
(45,982
)
|
(171,925
)
|
|
Futures contracts
|
(363,789
)
|
(758,942
)
|
(2,878,578
)
|
|
Net change in unrealized appreciation (depreciation)
|
4,977,842
|
13,270,787
|
51,066,512
|
|
Net realized and unrealized gain
|
4,398,452
|
16,150,084
|
68,728,780
|
|
Net increase in net assets resulting from operations
|
$6,997,172
|
$20,780,712
|
$81,141,959
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
27
Statement of Operations (continued)
Six Months Ended July 31, 2024 (Unaudited)
|
|
Columbia
Capital
Allocation
Moderate
Aggressive
Portfolio
|
Columbia
Capital
Allocation
Aggressive
Portfolio
|
|
Net investment income
|
|
|
|
Income:
|
|
|
|
Dividends — affiliated issuers
|
$17,767,897
|
$9,433,869
|
|
Other Income
|
160,561
|
142,216
|
|
Foreign taxes withheld
|
—
|
(547
)
|
|
Total income
|
17,928,458
|
9,575,538
|
|
Expenses:
|
|
|
|
Management services fees
|
275,000
|
204,667
|
|
Distribution and/or service fees
|
|
|
|
Class A
|
1,866,634
|
1,372,848
|
|
Class C
|
343,041
|
313,090
|
|
Class R
|
17,249
|
12,856
|
|
Transfer agent fees
|
|
|
|
Class A
|
660,896
|
448,638
|
|
Advisor Class
|
11,037
|
17,863
|
|
Class C
|
30,372
|
25,579
|
|
Institutional Class
|
38,546
|
13,900
|
|
Institutional 2 Class
|
812
|
618
|
|
Institutional 3 Class
|
500
|
1,035
|
|
Class R
|
3,078
|
2,118
|
|
Custodian fees
|
12,595
|
10,417
|
|
Printing and postage fees
|
50,757
|
35,893
|
|
Registration fees
|
53,442
|
55,264
|
|
Accounting services fees
|
13,422
|
13,423
|
|
Legal fees
|
13,581
|
11,468
|
|
Interest on collateral
|
175
|
128
|
|
Compensation of chief compliance officer
|
151
|
113
|
|
Compensation of board members
|
13,425
|
11,333
|
|
Deferred compensation of board members
|
24,793
|
17,581
|
|
Other
|
16,910
|
13,874
|
|
Total expenses
|
3,446,416
|
2,582,706
|
|
Net investment income
|
14,482,042
|
6,992,832
|
|
Realized and unrealized gain (loss) — net
|
|
|
|
Net realized gain (loss) on:
|
|
|
|
Investments — unaffiliated issuers
|
1,068
|
565
|
|
Investments — affiliated issuers
|
19,142,370
|
18,825,105
|
|
Capital gain distributions from underlying affiliated funds
|
5,514,072
|
5,504,187
|
|
Foreign currency translations
|
(149,645
)
|
(163,224
)
|
|
Forward foreign currency exchange contracts
|
(2,319,081
)
|
(1,991,693
)
|
|
Futures contracts
|
11,992,442
|
10,296,837
|
|
Net realized gain
|
34,181,226
|
32,471,777
|
|
Net change in unrealized appreciation (depreciation) on:
|
|
|
|
Investments — affiliated issuers
|
110,326,581
|
98,598,816
|
|
Foreign currency translations
|
(347
)
|
(60
)
|
|
Forward foreign currency exchange contracts
|
(339,362
)
|
(302,381
)
|
|
Futures contracts
|
(4,954,819
)
|
(4,129,285
)
|
|
Net change in unrealized appreciation (depreciation)
|
105,032,053
|
94,167,090
|
|
Net realized and unrealized gain
|
139,213,279
|
126,638,867
|
|
Net increase in net assets resulting from operations
|
$153,695,321
|
$133,631,699
|
The accompanying Notes to Financial Statements are an integral part of this statement.
28
Columbia Capital Allocation Portfolios | 2024
Statement of Changes in Net Assets
|
|
Columbia Capital Allocation
Conservative Portfolio
|
Columbia Capital Allocation
Moderate Conservative Portfolio
|
||
|
|
Six Months Ended
July 31, 2024
(Unaudited)
|
Year Ended
January 31, 2024
|
Six Months Ended
July 31, 2024
(Unaudited)
|
Year Ended
January 31, 2024
|
|
Operations
|
|
|
|
|
|
Net investment income
|
$2,598,720
|
$5,720,679
|
$4,630,628
|
$10,536,803
|
|
Net realized gain (loss)
|
(579,390
)
|
(6,820,261
)
|
2,879,297
|
(9,262,394
)
|
|
Net change in unrealized appreciation (depreciation)
|
4,977,842
|
9,661,717
|
13,270,787
|
23,094,847
|
|
Net increase in net assets resulting from operations
|
6,997,172
|
8,562,135
|
20,780,712
|
24,369,256
|
|
Distributions to shareholders
|
|
|
|
|
|
Net investment income and net realized gains
|
|
|
|
|
|
Class A
|
(2,375,836
)
|
(4,742,066
)
|
(3,923,159
)
|
(12,626,628
)
|
|
Advisor Class
|
(123,369
)
|
(245,828
)
|
(54,500
)
|
(150,830
)
|
|
Class C
|
(124,002
)
|
(262,873
)
|
(183,900
)
|
(740,256
)
|
|
Institutional Class
|
(131,662
)
|
(297,622
)
|
(154,943
)
|
(522,301
)
|
|
Institutional 2 Class
|
(3,321
)
|
(17,204
)
|
(5,390
)
|
(38,652
)
|
|
Institutional 3 Class
|
(20,737
)
|
(132,988
)
|
(5,797
)
|
(196,824
)
|
|
Class R
|
(453
)
|
(21,147
)
|
(15,881
)
|
(48,071
)
|
|
Total distributions to shareholders
|
(2,779,380
)
|
(5,719,728
)
|
(4,343,570
)
|
(14,323,562
)
|
|
Decrease in net assets from capital stock activity
|
(12,900,717
)
|
(20,724,824
)
|
(22,368,997
)
|
(45,398,671
)
|
|
Total decrease in net assets
|
(8,682,925
)
|
(17,882,417
)
|
(5,931,855
)
|
(35,352,977
)
|
|
Net assets at beginning of period
|
170,791,642
|
188,674,059
|
354,299,512
|
389,652,489
|
|
Net assets at end of period
|
$162,108,717
|
$170,791,642
|
$348,367,657
|
$354,299,512
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
29
Statement of Changes in Net Assets (continued)
|
|
Columbia Capital Allocation
Moderate Portfolio
|
Columbia Capital Allocation
Moderate Aggressive Portfolio
|
||
|
|
Six Months Ended
July 31, 2024
(Unaudited)
|
Year Ended
January 31, 2024
|
Six Months Ended
July 31, 2024
(Unaudited)
|
Year Ended
January 31, 2024
|
|
Operations
|
|
|
|
|
|
Net investment income
|
$12,413,179
|
$29,670,009
|
$14,482,042
|
$36,439,304
|
|
Net realized gain (loss)
|
17,662,268
|
(3,253,072
)
|
34,181,226
|
26,209,807
|
|
Net change in unrealized appreciation (depreciation)
|
51,066,512
|
71,295,718
|
105,032,053
|
118,399,799
|
|
Net increase in net assets resulting from operations
|
81,141,959
|
97,712,655
|
153,695,321
|
181,048,910
|
|
Distributions to shareholders
|
|
|
|
|
|
Net investment income and net realized gains
|
|
|
|
|
|
Class A
|
(13,266,990
)
|
(42,175,375
)
|
(35,636,080
)
|
(63,678,521
)
|
|
Advisor Class
|
(232,783
)
|
(599,570
)
|
(659,840
)
|
(1,626,794
)
|
|
Class C
|
(601,352
)
|
(2,304,665
)
|
(1,354,325
)
|
(2,706,163
)
|
|
Institutional Class
|
(299,940
)
|
(1,049,293
)
|
(2,203,871
)
|
(3,989,809
)
|
|
Institutional 2 Class
|
(15,926
)
|
(94,853
)
|
(23,481
)
|
(235,809
)
|
|
Institutional 3 Class
|
(177,764
)
|
(998,905
)
|
(364,763
)
|
(1,307,549
)
|
|
Class R
|
(4,226
)
|
(160,145
)
|
(111,570
)
|
(675,468
)
|
|
Class V
|
—
|
—
|
—
|
(2,400,669
)
|
|
Total distributions to shareholders
|
(14,598,981
)
|
(47,382,806
)
|
(40,353,930
)
|
(76,620,782
)
|
|
Decrease in net assets from capital stock activity
|
(74,689,665
)
|
(125,067,273
)
|
(76,836,679
)
|
(147,608,120
)
|
|
Total increase (decrease) in net assets
|
(8,146,687
)
|
(74,737,424
)
|
36,504,712
|
(43,179,992
)
|
|
Net assets at beginning of period
|
1,093,807,558
|
1,168,544,982
|
1,686,924,632
|
1,730,104,624
|
|
Net assets at end of period
|
$1,085,660,871
|
$1,093,807,558
|
$1,723,429,344
|
$1,686,924,632
|
The accompanying Notes to Financial Statements are an integral part of this statement.
30
Columbia Capital Allocation Portfolios | 2024
Statement of Changes in Net Assets (continued)
|
|
Columbia Capital Allocation
Aggressive Portfolio
|
|
|
|
Six Months Ended
July 31, 2024
(Unaudited)
|
Year Ended
January 31, 2024
|
|
Operations
|
|
|
|
Net investment income
|
$6,992,832
|
$23,208,854
|
|
Net realized gain
|
32,471,777
|
6,555,842
|
|
Net change in unrealized appreciation (depreciation)
|
94,167,090
|
121,366,604
|
|
Net increase in net assets resulting from operations
|
133,631,699
|
151,131,300
|
|
Distributions to shareholders
|
|
|
|
Net investment income and net realized gains
|
|
|
|
Class A
|
(1,433,470
)
|
(57,217,402
)
|
|
Advisor Class
|
(74,401
)
|
(1,545,839
)
|
|
Class C
|
(46,576
)
|
(3,005,309
)
|
|
Institutional Class
|
(52,080
)
|
(1,796,526
)
|
|
Institutional 2 Class
|
—
|
(269,686
)
|
|
Institutional 3 Class
|
(51,554
)
|
(3,067,980
)
|
|
Class R
|
(3,360
)
|
(611,898
)
|
|
Total distributions to shareholders
|
(1,661,441
)
|
(67,514,640
)
|
|
Decrease in net assets from capital stock activity
|
(68,652,736
)
|
(73,080,272
)
|
|
Total increase in net assets
|
63,317,522
|
10,536,388
|
|
Net assets at beginning of period
|
1,243,017,378
|
1,232,480,990
|
|
Net assets at end of period
|
$1,306,334,900
|
$1,243,017,378
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
31
Statement of Changes in Net Assets (continued)
|
|
Columbia Capital Allocation
Conservative Portfolio
|
Columbia Capital Allocation
Moderate Conservative Portfolio
|
||||||
|
|
Six Months Ended
|
Year Ended
|
Six Months Ended
|
Year Ended
|
||||
|
|
July 31, 2024 (Unaudited)
|
January 31, 2024
|
July 31, 2024 (Unaudited)
|
January 31, 2024
|
||||
|
|
Shares
|
Dollars ($)
|
Shares
|
Dollars ($)
|
Shares
|
Dollars ($)
|
Shares
|
Dollars ($)
|
|
Capital stock activity
|
||||||||
|
Class A
|
|
|
|
|
|
|
|
|
|
Shares sold
|
407,545
|
3,683,041
|
988,911
|
8,605,781
|
528,355
|
5,107,883
|
1,800,053
|
16,456,292
|
|
Distributions reinvested
|
252,886
|
2,287,437
|
522,779
|
4,556,853
|
378,543
|
3,685,472
|
1,287,931
|
11,837,993
|
|
Shares redeemed
|
(1,401,057
)
|
(12,619,621
)
|
(3,332,906
)
|
(29,027,064
)
|
(2,621,853
)
|
(25,397,234
)
|
(6,619,938
)
|
(60,607,887
)
|
|
Net decrease
|
(740,626
)
|
(6,649,143
)
|
(1,821,216
)
|
(15,864,430
)
|
(1,714,955
)
|
(16,603,879
)
|
(3,531,954
)
|
(32,313,602
)
|
|
Advisor Class
|
|
|
|
|
|
|
|
|
|
Shares sold
|
192,038
|
1,722,688
|
763,288
|
6,598,921
|
40,336
|
383,109
|
155,511
|
1,405,340
|
|
Distributions reinvested
|
10,199
|
91,382
|
19,071
|
164,057
|
5,667
|
54,478
|
16,624
|
150,766
|
|
Shares redeemed
|
(168,111
)
|
(1,513,717
)
|
(616,752
)
|
(5,248,996
)
|
(13,599
)
|
(130,089
)
|
(268,815
)
|
(2,426,311
)
|
|
Net increase (decrease)
|
34,126
|
300,353
|
165,607
|
1,513,982
|
32,404
|
307,498
|
(96,680
)
|
(870,205
)
|
|
Class C
|
|
|
|
|
|
|
|
|
|
Shares sold
|
55,413
|
496,464
|
179,025
|
1,531,034
|
109,148
|
1,036,407
|
326,311
|
2,933,909
|
|
Distributions reinvested
|
13,801
|
124,002
|
30,301
|
262,798
|
19,086
|
182,423
|
81,196
|
733,540
|
|
Shares redeemed
|
(206,881
)
|
(1,857,165
)
|
(465,965
)
|
(4,019,641
)
|
(369,568
)
|
(3,514,818
)
|
(964,153
)
|
(8,667,589
)
|
|
Net decrease
|
(137,667
)
|
(1,236,699
)
|
(256,639
)
|
(2,225,809
)
|
(241,334
)
|
(2,295,988
)
|
(556,646
)
|
(5,000,140
)
|
|
Institutional Class
|
|
|
|
|
|
|
|
|
|
Shares sold
|
100,953
|
908,636
|
337,283
|
2,931,700
|
170,460
|
1,617,816
|
619,486
|
5,561,672
|
|
Distributions reinvested
|
11,096
|
100,265
|
27,257
|
237,023
|
14,603
|
139,229
|
53,329
|
479,880
|
|
Shares redeemed
|
(232,705
)
|
(2,101,001
)
|
(448,309
)
|
(3,853,720
)
|
(375,893
)
|
(3,551,650
)
|
(780,224
)
|
(7,010,242
)
|
|
Net decrease
|
(120,656
)
|
(1,092,100
)
|
(83,769
)
|
(684,997
)
|
(190,830
)
|
(1,794,605
)
|
(107,409
)
|
(968,690
)
|
|
Institutional 2 Class
|
|
|
|
|
|
|
|
|
|
Shares sold
|
225
|
2,001
|
43,716
|
376,005
|
1,023
|
9,586
|
191,028
|
1,727,846
|
|
Distributions reinvested
|
370
|
3,301
|
1,984
|
17,131
|
549
|
5,235
|
4,148
|
37,625
|
|
Shares redeemed
|
(58,283
)
|
(514,309
)
|
(34,388
)
|
(292,689
)
|
(107,968
)
|
(1,005,035
)
|
(185,901
)
|
(1,678,162
)
|
|
Net increase (decrease)
|
(57,688
)
|
(509,007
)
|
11,312
|
100,447
|
(106,396
)
|
(990,214
)
|
9,275
|
87,309
|
|
Institutional 3 Class
|
|
|
|
|
|
|
|
|
|
Shares sold
|
6,871
|
61,342
|
227,749
|
1,968,172
|
1,046
|
9,681
|
63,257
|
562,215
|
|
Distributions reinvested
|
1,857
|
16,566
|
14,612
|
125,898
|
519
|
4,848
|
21,268
|
188,391
|
|
Shares redeemed
|
(365,519
)
|
(3,212,793
)
|
(626,481
)
|
(5,425,671
)
|
(131,294
)
|
(1,216,435
)
|
(766,807
)
|
(6,768,578
)
|
|
Net decrease
|
(356,791
)
|
(3,134,885
)
|
(384,120
)
|
(3,331,601
)
|
(129,729
)
|
(1,201,906
)
|
(682,282
)
|
(6,017,972
)
|
|
Class R
|
|
|
|
|
|
|
|
|
|
Shares sold
|
396
|
3,560
|
6,576
|
57,253
|
24,242
|
234,673
|
15,159
|
138,360
|
|
Distributions reinvested
|
44
|
394
|
2,408
|
20,938
|
1,626
|
15,881
|
5,217
|
48,071
|
|
Shares redeemed
|
(64,611
)
|
(583,190
)
|
(35,924
)
|
(310,607
)
|
(4,180
)
|
(40,457
)
|
(55,037
)
|
(501,802
)
|
|
Net increase (decrease)
|
(64,171
)
|
(579,236
)
|
(26,940
)
|
(232,416
)
|
21,688
|
210,097
|
(34,661
)
|
(315,371
)
|
|
Total net decrease
|
(1,443,473
)
|
(12,900,717
)
|
(2,395,765
)
|
(20,724,824
)
|
(2,329,152
)
|
(22,368,997
)
|
(5,000,357
)
|
(45,398,671
)
|
The accompanying Notes to Financial Statements are an integral part of this statement.
32
Columbia Capital Allocation Portfolios | 2024
Statement of Changes in Net Assets (continued)
|
|
Columbia Capital Allocation
Moderate Portfolio
|
Columbia Capital Allocation
Moderate Aggressive Portfolio
|
||||||
|
|
Six Months Ended
|
Year Ended
|
Six Months Ended
|
Year Ended
|
||||
|
|
July 31, 2024 (Unaudited)
|
January 31, 2024
|
July 31, 2024 (Unaudited)
|
January 31, 2024
|
||||
|
|
Shares
|
Dollars ($)
|
Shares
|
Dollars ($)
|
Shares
|
Dollars ($)
|
Shares
|
Dollars ($)
|
|
Capital stock activity
|
||||||||
|
Class A
|
|
|
|
|
|
|
|
|
|
Shares sold
|
1,749,226
|
17,986,545
|
3,953,189
|
37,635,816
|
2,221,459
|
25,736,736
|
11,051,581
|
117,478,777
|
|
Distributions reinvested
|
1,270,317
|
13,160,323
|
4,393,273
|
41,830,781
|
2,686,716
|
31,370,983
|
5,314,704
|
55,935,027
|
|
Shares redeemed
|
(8,951,275
)
|
(92,117,143
)
|
(18,147,006
)
|
(172,539,818
)
|
(9,289,155
)
|
(107,531,909
)
|
(18,728,114
)
|
(196,506,483
)
|
|
Net decrease
|
(5,931,732
)
|
(60,970,275
)
|
(9,800,544
)
|
(93,073,221
)
|
(4,380,980
)
|
(50,424,190
)
|
(2,361,829
)
|
(23,092,679
)
|
|
Advisor Class
|
|
|
|
|
|
|
|
|
|
Shares sold
|
304,882
|
3,057,817
|
979,936
|
9,111,973
|
825,506
|
9,608,461
|
697,994
|
7,351,989
|
|
Distributions reinvested
|
22,688
|
230,455
|
63,126
|
589,960
|
45,489
|
538,810
|
126,854
|
1,345,626
|
|
Shares redeemed
|
(111,819
)
|
(1,122,216
)
|
(511,348
)
|
(4,809,926
)
|
(216,122
)
|
(2,541,732
)
|
(2,813,361
)
|
(30,403,641
)
|
|
Net increase (decrease)
|
215,751
|
2,166,056
|
531,714
|
4,892,007
|
654,873
|
7,605,539
|
(1,988,513
)
|
(21,706,026
)
|
|
Class C
|
|
|
|
|
|
|
|
|
|
Shares sold
|
501,370
|
5,094,875
|
866,959
|
8,142,282
|
386,043
|
4,465,004
|
955,668
|
10,033,271
|
|
Distributions reinvested
|
58,080
|
595,123
|
242,125
|
2,282,405
|
114,762
|
1,346,778
|
254,363
|
2,688,812
|
|
Shares redeemed
|
(998,212
)
|
(10,155,727
)
|
(2,435,994
)
|
(22,860,559
)
|
(1,057,371
)
|
(12,231,252
)
|
(2,261,613
)
|
(23,746,224
)
|
|
Net decrease
|
(438,762
)
|
(4,465,729
)
|
(1,326,910
)
|
(12,435,872
)
|
(556,566
)
|
(6,419,470
)
|
(1,051,582
)
|
(11,024,141
)
|
|
Institutional Class
|
|
|
|
|
|
|
|
|
|
Shares sold
|
833,928
|
8,550,335
|
1,404,906
|
13,331,177
|
949,943
|
10,986,862
|
1,427,800
|
14,913,374
|
|
Distributions reinvested
|
28,160
|
291,131
|
107,740
|
1,022,560
|
158,867
|
1,848,268
|
316,088
|
3,311,720
|
|
Shares redeemed
|
(949,364
)
|
(9,737,790
)
|
(2,379,466
)
|
(22,602,657
)
|
(1,216,770
)
|
(14,037,604
)
|
(2,110,347
)
|
(22,013,991
)
|
|
Net decrease
|
(87,276
)
|
(896,324
)
|
(866,820
)
|
(8,248,920
)
|
(107,960
)
|
(1,202,474
)
|
(366,459
)
|
(3,788,897
)
|
|
Institutional 2 Class
|
|
|
|
|
|
|
|
|
|
Shares sold
|
3,413
|
33,801
|
114,321
|
1,074,926
|
7,689
|
88,090
|
205,996
|
2,177,547
|
|
Distributions reinvested
|
1,584
|
15,911
|
10,147
|
94,761
|
2,009
|
23,470
|
22,140
|
235,809
|
|
Shares redeemed
|
(252,402
)
|
(2,467,330
)
|
(84,112
)
|
(781,097
)
|
(517,015
)
|
(5,904,088
)
|
(155,065
)
|
(1,638,897
)
|
|
Net increase (decrease)
|
(247,405
)
|
(2,417,618
)
|
40,356
|
388,590
|
(507,317
)
|
(5,792,528
)
|
73,071
|
774,459
|
|
Institutional 3 Class
|
|
|
|
|
|
|
|
|
|
Shares sold
|
139,431
|
1,380,254
|
595,447
|
5,559,906
|
87,807
|
983,460
|
327,605
|
3,348,344
|
|
Distributions reinvested
|
16,901
|
171,561
|
105,382
|
982,950
|
25,026
|
284,646
|
114,138
|
1,168,110
|
|
Shares redeemed
|
(585,896
)
|
(5,878,622
)
|
(2,391,167
)
|
(22,418,619
)
|
(881,612
)
|
(9,852,595
)
|
(2,084,488
)
|
(21,216,175
)
|
|
Net decrease
|
(429,564
)
|
(4,326,807
)
|
(1,690,338
)
|
(15,875,763
)
|
(768,779
)
|
(8,584,489
)
|
(1,642,745
)
|
(16,699,721
)
|
|
Class R
|
|
|
|
|
|
|
|
|
|
Shares sold
|
3,471
|
34,834
|
24,145
|
229,395
|
8,746
|
100,117
|
71,218
|
752,478
|
|
Distributions reinvested
|
403
|
4,115
|
16,834
|
159,659
|
9,549
|
111,481
|
64,191
|
675,166
|
|
Shares redeemed
|
(376,735
)
|
(3,817,917
)
|
(118,076
)
|
(1,103,148
)
|
(1,080,232
)
|
(12,230,665
)
|
(268,815
)
|
(2,806,011
)
|
|
Net decrease
|
(372,861
)
|
(3,778,968
)
|
(77,097
)
|
(714,094
)
|
(1,061,937
)
|
(12,019,067
)
|
(133,406
)
|
(1,378,367
)
|
|
Class V
|
|
|
|
|
|
|
|
|
|
Shares sold
|
—
|
—
|
—
|
—
|
—
|
—
|
25,424
|
261,388
|
|
Distributions reinvested
|
—
|
—
|
—
|
—
|
—
|
—
|
199,138
|
2,071,286
|
|
Shares redeemed
|
—
|
—
|
—
|
—
|
—
|
—
|
(6,817,646
)
|
(73,025,422
)
|
|
Net decrease
|
—
|
—
|
—
|
—
|
—
|
—
|
(6,593,084
)
|
(70,692,748
)
|
|
Total net decrease
|
(7,291,849
)
|
(74,689,665
)
|
(13,189,639
)
|
(125,067,273
)
|
(6,728,666
)
|
(76,836,679
)
|
(14,064,547
)
|
(147,608,120
)
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
33
Statement of Changes in Net Assets (continued)
|
|
Columbia Capital Allocation
Aggressive Portfolio
|
|||
|
|
Six Months Ended
|
Year Ended
|
||
|
|
July 31, 2024 (Unaudited)
|
January 31, 2024
|
||
|
|
Shares
|
Dollars ($)
|
Shares
|
Dollars ($)
|
|
Capital stock activity
|
||||
|
Class A
|
|
|
|
|
|
Shares sold
|
1,462,186
|
18,513,606
|
3,573,135
|
40,454,883
|
|
Distributions reinvested
|
99,838
|
1,308,875
|
4,541,184
|
52,044,293
|
|
Shares redeemed
|
(6,091,888
)
|
(77,249,842
)
|
(12,131,312
)
|
(137,056,943
)
|
|
Net decrease
|
(4,529,864
)
|
(57,427,361
)
|
(4,016,993
)
|
(44,557,767
)
|
|
Advisor Class
|
|
|
|
|
|
Shares sold
|
1,911,325
|
23,090,218
|
1,129,955
|
12,171,466
|
|
Distributions reinvested
|
4,772
|
60,653
|
102,422
|
1,140,127
|
|
Shares redeemed
|
(281,089
)
|
(3,468,489
)
|
(848,582
)
|
(9,458,167
)
|
|
Net increase
|
1,635,008
|
19,682,382
|
383,795
|
3,853,426
|
|
Class C
|
|
|
|
|
|
Shares sold
|
407,821
|
4,945,722
|
876,269
|
9,528,089
|
|
Distributions reinvested
|
3,678
|
46,273
|
271,372
|
2,981,076
|
|
Shares redeemed
|
(683,927
)
|
(8,315,239
)
|
(1,667,930
)
|
(18,072,946
)
|
|
Net decrease
|
(272,428
)
|
(3,323,244
)
|
(520,289
)
|
(5,563,781
)
|
|
Institutional Class
|
|
|
|
|
|
Shares sold
|
825,916
|
10,404,449
|
1,200,561
|
13,441,219
|
|
Distributions reinvested
|
2,699
|
35,162
|
108,469
|
1,235,140
|
|
Shares redeemed
|
(768,779
)
|
(9,704,945
)
|
(1,651,369
)
|
(18,495,563
)
|
|
Net increase (decrease)
|
59,836
|
734,666
|
(342,339
)
|
(3,819,204
)
|
|
Institutional 2 Class
|
|
|
|
|
|
Shares sold
|
2,387
|
28,318
|
142,476
|
1,551,747
|
|
Distributions reinvested
|
—
|
—
|
24,234
|
269,553
|
|
Shares redeemed
|
(405,024
)
|
(4,796,146
)
|
(209,066
)
|
(2,293,868
)
|
|
Net decrease
|
(402,637
)
|
(4,767,828
)
|
(42,356
)
|
(472,568
)
|
|
Institutional 3 Class
|
|
|
|
|
|
Shares sold
|
125,759
|
1,528,114
|
581,747
|
6,342,046
|
|
Distributions reinvested
|
4,010
|
50,892
|
274,608
|
3,040,373
|
|
Shares redeemed
|
(1,252,899
)
|
(15,107,139
)
|
(2,966,474
)
|
(32,487,531
)
|
|
Net decrease
|
(1,123,130
)
|
(13,528,133
)
|
(2,110,119
)
|
(23,105,112
)
|
|
Class R
|
|
|
|
|
|
Shares sold
|
13,098
|
162,193
|
118,299
|
1,318,210
|
|
Distributions reinvested
|
260
|
3,360
|
54,100
|
611,898
|
|
Shares redeemed
|
(829,925
)
|
(10,188,771
)
|
(120,578
)
|
(1,345,374
)
|
|
Net increase (decrease)
|
(816,567
)
|
(10,023,218
)
|
51,821
|
584,734
|
|
Total net decrease
|
(5,449,782
)
|
(68,652,736
)
|
(6,596,480
)
|
(73,080,272
)
|
The accompanying Notes to Financial Statements are an integral part of this statement.
34
Columbia Capital Allocation Portfolios | 2024
Financial Highlights
Columbia Capital Allocation Conservative Portfolio
The following tables are intended to help you understand the Funds’ financial performance. Certain information reflects financial results for a single share of a class held for the periods shown. Per share
net investment income (loss) amounts are calculated based on average shares outstanding during the period. Total return assumes
reinvestment of all dividends and distributions, if any. Total return does not reflect payment of sales charges, if
any. Total return and portfolio turnover are not annualized for periods of less than one year. The ratios of expenses and net investment
income are annualized for periods of less than one year. The portfolio turnover rate is calculated without regard to purchase
and sales transactions of short-term instruments and certain derivatives, if any. If such transactions were included, a fund’s portfolio turnover rate may be higher.
|
|
Net asset value,
beginning of
period
|
Net
investment
income
|
Net
realized
and
unrealized
gain (loss)
|
Total from
investment
operations
|
Distributions
from net
investment
income
|
Distributions
from net
realized
gains
|
Total
distributions to
shareholders
|
|
Class A
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$8.99
|
0.14
|
0.25
|
0.39
|
(0.15
)
|
—
|
(0.15
)
|
|
Year Ended 1/31/2024
|
$8.82
|
0.28
|
0.17
|
0.45
|
(0.28
)
|
—
|
(0.28
)
|
|
Year Ended 1/31/2023
|
$10.08
|
0.17
|
(1.05
)
|
(0.88
)
|
(0.15
)
|
(0.23
)
|
(0.38
)
|
|
Year Ended 1/31/2022
|
$10.62
|
0.14
|
0.02
|
0.16
|
(0.20
)
|
(0.50
)
|
(0.70
)
|
|
Year Ended 1/31/2021
|
$10.31
|
0.17
|
0.49
|
0.66
|
(0.23
)
|
(0.12
)
|
(0.35
)
|
|
Year Ended 1/31/2020
|
$9.76
|
0.21
|
0.65
|
0.86
|
(0.21
)
|
(0.10
)
|
(0.31
)
|
|
Advisor Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$8.91
|
0.15
|
0.26
|
0.41
|
(0.17
)
|
—
|
(0.17
)
|
|
Year Ended 1/31/2024
|
$8.75
|
0.31
|
0.16
|
0.47
|
(0.31
)
|
—
|
(0.31
)
|
|
Year Ended 1/31/2023
|
$10.00
|
0.19
|
(1.04
)
|
(0.85
)
|
(0.17
)
|
(0.23
)
|
(0.40
)
|
|
Year Ended 1/31/2022
|
$10.54
|
0.16
|
0.03
|
0.19
|
(0.23
)
|
(0.50
)
|
(0.73
)
|
|
Year Ended 1/31/2021
|
$10.24
|
0.19
|
0.49
|
0.68
|
(0.26
)
|
(0.12
)
|
(0.38
)
|
|
Year Ended 1/31/2020
|
$9.70
|
0.23
|
0.65
|
0.88
|
(0.24
)
|
(0.10
)
|
(0.34
)
|
|
Class C
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$8.93
|
0.11
|
0.25
|
0.36
|
(0.12
)
|
—
|
(0.12
)
|
|
Year Ended 1/31/2024
|
$8.76
|
0.21
|
0.18
|
0.39
|
(0.22
)
|
—
|
(0.22
)
|
|
Year Ended 1/31/2023
|
$10.02
|
0.10
|
(1.05
)
|
(0.95
)
|
(0.08
)
|
(0.23
)
|
(0.31
)
|
|
Year Ended 1/31/2022
|
$10.55
|
0.06
|
0.03
|
0.09
|
(0.12
)
|
(0.50
)
|
(0.62
)
|
|
Year Ended 1/31/2021
|
$10.25
|
0.09
|
0.49
|
0.58
|
(0.16
)
|
(0.12
)
|
(0.28
)
|
|
Year Ended 1/31/2020
|
$9.71
|
0.13
|
0.65
|
0.78
|
(0.14
)
|
(0.10
)
|
(0.24
)
|
|
Institutional Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$8.98
|
0.15
|
0.26
|
0.41
|
(0.17
)
|
—
|
(0.17
)
|
|
Year Ended 1/31/2024
|
$8.81
|
0.30
|
0.17
|
0.47
|
(0.30
)
|
—
|
(0.30
)
|
|
Year Ended 1/31/2023
|
$10.08
|
0.19
|
(1.06
)
|
(0.87
)
|
(0.17
)
|
(0.23
)
|
(0.40
)
|
|
Year Ended 1/31/2022
|
$10.61
|
0.16
|
0.04
|
0.20
|
(0.23
)
|
(0.50
)
|
(0.73
)
|
|
Year Ended 1/31/2021
|
$10.30
|
0.20
|
0.49
|
0.69
|
(0.26
)
|
(0.12
)
|
(0.38
)
|
|
Year Ended 1/31/2020
|
$9.76
|
0.24
|
0.64
|
0.88
|
(0.24
)
|
(0.10
)
|
(0.34
)
|
|
Notes to Financial Highlights
|
|
|
(a)
|
In addition to the fees and expenses that the Fund bears directly, the Fund indirectly
bears a pro rata share of the fees and expenses of any other funds in which it invests.
Such indirect expenses are not included in the Fund’s reported expense ratios.
|
|
(b)
|
Total net expenses include the impact of certain fee waivers/expense reimbursements
made by the Investment Manager and certain of its affiliates, if applicable.
|
|
(c)
|
The benefits derived from expense reductions had an impact of less than 0.01%.
|
|
(d)
|
Ratios include interest on collateral expense which is less than 0.01%.
|
The accompanying Notes to Financial Statements are an integral part of this statement.
36
Columbia Capital Allocation Portfolios | 2024
Financial Highlights (continued)
Columbia Capital Allocation Conservative Portfolio
|
|
Net
asset
value,
end of
period
|
Total
return
|
Total gross
expense
ratio to
average
net assets(a)
|
Total net
expense
ratio to
average
net assets(a),(b)
|
Net investment
income
ratio to
average
net assets
|
Portfolio
turnover
|
Net
assets,
end of
period
(000’s)
|
|
Class A
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.23
|
4.43%
|
0.54%
|
0.54%
|
3.20%
|
2%
|
$139,616
|
|
Year Ended 1/31/2024
|
$8.99
|
5.28%
|
0.53%
|
0.53%
(c)
|
3.23%
|
17%
|
$142,613
|
|
Year Ended 1/31/2023
|
$8.82
|
(8.64%
)
|
0.53%
(d)
|
0.53%
(c),(d)
|
1.90%
|
11%
|
$155,991
|
|
Year Ended 1/31/2022
|
$10.08
|
1.41%
|
0.50%
(d)
|
0.50%
(c),(d)
|
1.29%
|
16%
|
$198,949
|
|
Year Ended 1/31/2021
|
$10.62
|
6.60%
|
0.55%
(d)
|
0.55%
(c),(d)
|
1.66%
|
63%
|
$203,326
|
|
Year Ended 1/31/2020
|
$10.31
|
8.91%
|
0.57%
|
0.57%
(c)
|
2.09%
|
13%
|
$180,338
|
|
Advisor Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.15
|
4.60%
|
0.29%
|
0.29%
|
3.46%
|
2%
|
$6,461
|
|
Year Ended 1/31/2024
|
$8.91
|
5.47%
|
0.28%
|
0.28%
(c)
|
3.55%
|
17%
|
$5,988
|
|
Year Ended 1/31/2023
|
$8.75
|
(8.36%
)
|
0.28%
(d)
|
0.28%
(c),(d)
|
2.11%
|
11%
|
$4,429
|
|
Year Ended 1/31/2022
|
$10.00
|
1.68%
|
0.25%
(d)
|
0.25%
(c),(d)
|
1.54%
|
16%
|
$8,540
|
|
Year Ended 1/31/2021
|
$10.54
|
6.82%
|
0.30%
(d)
|
0.30%
(c),(d)
|
1.90%
|
63%
|
$7,348
|
|
Year Ended 1/31/2020
|
$10.24
|
9.14%
|
0.32%
|
0.32%
(c)
|
2.31%
|
13%
|
$6,012
|
|
Class C
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.17
|
4.07%
|
1.29%
|
1.29%
|
2.45%
|
2%
|
$8,736
|
|
Year Ended 1/31/2024
|
$8.93
|
4.53%
|
1.28%
|
1.28%
(c)
|
2.46%
|
17%
|
$9,737
|
|
Year Ended 1/31/2023
|
$8.76
|
(9.39%
)
|
1.28%
(d)
|
1.28%
(c),(d)
|
1.11%
|
11%
|
$11,804
|
|
Year Ended 1/31/2022
|
$10.02
|
0.75%
|
1.25%
(d)
|
1.25%
(c),(d)
|
0.54%
|
16%
|
$18,376
|
|
Year Ended 1/31/2021
|
$10.55
|
5.73%
|
1.30%
(d)
|
1.30%
(c),(d)
|
0.90%
|
63%
|
$19,243
|
|
Year Ended 1/31/2020
|
$10.25
|
8.05%
|
1.32%
|
1.32%
(c)
|
1.34%
|
13%
|
$24,949
|
|
Institutional Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.22
|
4.56%
|
0.29%
|
0.29%
|
3.45%
|
2%
|
$7,296
|
|
Year Ended 1/31/2024
|
$8.98
|
5.55%
|
0.28%
|
0.28%
(c)
|
3.47%
|
17%
|
$8,189
|
|
Year Ended 1/31/2023
|
$8.81
|
(8.50%
)
|
0.28%
(d)
|
0.28%
(c),(d)
|
2.11%
|
11%
|
$8,773
|
|
Year Ended 1/31/2022
|
$10.08
|
1.76%
|
0.25%
(d)
|
0.25%
(c),(d)
|
1.55%
|
16%
|
$11,759
|
|
Year Ended 1/31/2021
|
$10.61
|
6.88%
|
0.30%
(d)
|
0.30%
(c),(d)
|
1.92%
|
63%
|
$10,576
|
|
Year Ended 1/31/2020
|
$10.30
|
9.08%
|
0.32%
|
0.32%
(c)
|
2.34%
|
13%
|
$9,128
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
37
Financial Highlights
Columbia Capital Allocation Moderate Conservative Portfolio
|
|
Net asset value,
beginning of
period
|
Net
investment
income
|
Net
realized
and
unrealized
gain (loss)
|
Total from
investment
operations
|
Distributions
from net
investment
income
|
Distributions
from net
realized
gains
|
Total
distributions to
shareholders
|
|
Class A
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.51
|
0.13
|
0.45
|
0.58
|
(0.12
)
|
—
|
(0.12
)
|
|
Year Ended 1/31/2024
|
$9.23
|
0.27
|
0.38
|
0.65
|
(0.27
)
|
(0.10
)
|
(0.37
)
|
|
Year Ended 1/31/2023
|
$10.77
|
0.17
|
(1.15
)
|
(0.98
)
|
(0.17
)
|
(0.39
)
|
(0.56
)
|
|
Year Ended 1/31/2022
|
$11.29
|
0.16
|
0.36
|
0.52
|
(0.28
)
|
(0.76
)
|
(1.04
)
|
|
Year Ended 1/31/2021
|
$10.97
|
0.17
|
0.72
|
0.89
|
(0.23
)
|
(0.34
)
|
(0.57
)
|
|
Year Ended 1/31/2020
|
$10.35
|
0.23
|
0.84
|
1.07
|
(0.24
)
|
(0.21
)
|
(0.45
)
|
|
Advisor Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.39
|
0.14
|
0.44
|
0.58
|
(0.13
)
|
—
|
(0.13
)
|
|
Year Ended 1/31/2024
|
$9.11
|
0.29
|
0.38
|
0.67
|
(0.29
)
|
(0.10
)
|
(0.39
)
|
|
Year Ended 1/31/2023
|
$10.65
|
0.18
|
(1.13
)
|
(0.95
)
|
(0.20
)
|
(0.39
)
|
(0.59
)
|
|
Year Ended 1/31/2022
|
$11.17
|
0.19
|
0.36
|
0.55
|
(0.31
)
|
(0.76
)
|
(1.07
)
|
|
Year Ended 1/31/2021
|
$10.86
|
0.20
|
0.71
|
0.91
|
(0.26
)
|
(0.34
)
|
(0.60
)
|
|
Year Ended 1/31/2020
|
$10.25
|
0.26
|
0.83
|
1.09
|
(0.27
)
|
(0.21
)
|
(0.48
)
|
|
Class C
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.33
|
0.09
|
0.45
|
0.54
|
(0.09
)
|
—
|
(0.09
)
|
|
Year Ended 1/31/2024
|
$9.06
|
0.20
|
0.37
|
0.57
|
(0.20
)
|
(0.10
)
|
(0.30
)
|
|
Year Ended 1/31/2023
|
$10.58
|
0.09
|
(1.12
)
|
(1.03
)
|
(0.10
)
|
(0.39
)
|
(0.49
)
|
|
Year Ended 1/31/2022
|
$11.11
|
0.07
|
0.35
|
0.42
|
(0.19
)
|
(0.76
)
|
(0.95
)
|
|
Year Ended 1/31/2021
|
$10.80
|
0.09
|
0.71
|
0.80
|
(0.15
)
|
(0.34
)
|
(0.49
)
|
|
Year Ended 1/31/2020
|
$10.20
|
0.14
|
0.83
|
0.97
|
(0.16
)
|
(0.21
)
|
(0.37
)
|
|
Institutional Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.32
|
0.14
|
0.44
|
0.58
|
(0.13
)
|
—
|
(0.13
)
|
|
Year Ended 1/31/2024
|
$9.05
|
0.29
|
0.37
|
0.66
|
(0.29
)
|
(0.10
)
|
(0.39
)
|
|
Year Ended 1/31/2023
|
$10.58
|
0.19
|
(1.13
)
|
(0.94
)
|
(0.20
)
|
(0.39
)
|
(0.59
)
|
|
Year Ended 1/31/2022
|
$11.11
|
0.19
|
0.35
|
0.54
|
(0.31
)
|
(0.76
)
|
(1.07
)
|
|
Year Ended 1/31/2021
|
$10.80
|
0.19
|
0.72
|
0.91
|
(0.26
)
|
(0.34
)
|
(0.60
)
|
|
Year Ended 1/31/2020
|
$10.20
|
0.25
|
0.83
|
1.08
|
(0.27
)
|
(0.21
)
|
(0.48
)
|
|
Class R
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.53
|
0.12
|
0.45
|
0.57
|
(0.11
)
|
—
|
(0.11
)
|
|
Year Ended 1/31/2024
|
$9.25
|
0.24
|
0.39
|
0.63
|
(0.25
)
|
(0.10
)
|
(0.35
)
|
|
Year Ended 1/31/2023
|
$10.79
|
0.15
|
(1.15
)
|
(1.00
)
|
(0.15
)
|
(0.39
)
|
(0.54
)
|
|
Year Ended 1/31/2022
|
$11.31
|
0.14
|
0.35
|
0.49
|
(0.25
)
|
(0.76
)
|
(1.01
)
|
|
Year Ended 1/31/2021
|
$10.99
|
0.16
|
0.70
|
0.86
|
(0.20
)
|
(0.34
)
|
(0.54
)
|
|
Year Ended 1/31/2020
|
$10.37
|
0.19
|
0.86
|
1.05
|
(0.22
)
|
(0.21
)
|
(0.43
)
|
|
Notes to Financial Highlights
|
|
|
(a)
|
In addition to the fees and expenses that the Fund bears directly, the Fund indirectly
bears a pro rata share of the fees and expenses of any other funds in which it invests.
Such indirect expenses are not included in the Fund’s reported expense ratios.
|
|
(b)
|
Total net expenses include the impact of certain fee waivers/expense reimbursements
made by the Investment Manager and certain of its affiliates, if applicable.
|
|
(c)
|
The benefits derived from expense reductions had an impact of less than 0.01%.
|
|
(d)
|
Ratios include interest on collateral expense which is less than 0.01%.
|
The accompanying Notes to Financial Statements are an integral part of this statement.
38
Columbia Capital Allocation Portfolios | 2024
Financial Highlights (continued)
Columbia Capital Allocation Moderate Conservative Portfolio
|
|
Net
asset
value,
end of
period
|
Total
return
|
Total gross
expense
ratio to
average
net assets(a)
|
Total net
expense
ratio to
average
net assets(a),(b)
|
Net investment
income
ratio to
average
net assets
|
Portfolio
turnover
|
Net
assets,
end of
period
(000’s)
|
|
Class A
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.97
|
6.16%
|
0.44%
|
0.44%
|
2.70%
|
2%
|
$311,968
|
|
Year Ended 1/31/2024
|
$9.51
|
7.23%
|
0.43%
|
0.43%
(c)
|
2.95%
|
11%
|
$313,866
|
|
Year Ended 1/31/2023
|
$9.23
|
(8.89%
)
|
0.44%
(d)
|
0.44%
(c),(d)
|
1.76%
|
9%
|
$337,157
|
|
Year Ended 1/31/2022
|
$10.77
|
4.48%
|
0.41%
(d)
|
0.41%
(c),(d)
|
1.42%
|
18%
|
$425,491
|
|
Year Ended 1/31/2021
|
$11.29
|
8.50%
|
0.49%
(d)
|
0.49%
(c),(d)
|
1.60%
|
66%
|
$443,656
|
|
Year Ended 1/31/2020
|
$10.97
|
10.52%
|
0.49%
|
0.49%
(c)
|
2.12%
|
9%
|
$425,706
|
|
Advisor Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.84
|
6.27%
|
0.19%
|
0.19%
|
2.96%
|
2%
|
$4,056
|
|
Year Ended 1/31/2024
|
$9.39
|
7.60%
|
0.18%
|
0.18%
(c)
|
3.21%
|
11%
|
$3,565
|
|
Year Ended 1/31/2023
|
$9.11
|
(8.76%
)
|
0.18%
(d)
|
0.18%
(c),(d)
|
1.95%
|
9%
|
$4,342
|
|
Year Ended 1/31/2022
|
$10.65
|
4.80%
|
0.16%
(d)
|
0.16%
(c),(d)
|
1.65%
|
18%
|
$4,885
|
|
Year Ended 1/31/2021
|
$11.17
|
8.77%
|
0.24%
(d)
|
0.24%
(c),(d)
|
1.86%
|
66%
|
$5,549
|
|
Year Ended 1/31/2020
|
$10.86
|
10.80%
|
0.24%
|
0.24%
(c)
|
2.42%
|
9%
|
$5,319
|
|
Class C
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.78
|
5.78%
|
1.19%
|
1.19%
|
1.95%
|
2%
|
$19,882
|
|
Year Ended 1/31/2024
|
$9.33
|
6.45%
|
1.18%
|
1.18%
(c)
|
2.18%
|
11%
|
$21,219
|
|
Year Ended 1/31/2023
|
$9.06
|
(9.58%
)
|
1.18%
(d)
|
1.18%
(c),(d)
|
0.97%
|
9%
|
$25,646
|
|
Year Ended 1/31/2022
|
$10.58
|
3.66%
|
1.16%
(d)
|
1.16%
(c),(d)
|
0.66%
|
18%
|
$37,844
|
|
Year Ended 1/31/2021
|
$11.11
|
7.70%
|
1.24%
(d)
|
1.24%
(c),(d)
|
0.85%
|
66%
|
$45,087
|
|
Year Ended 1/31/2020
|
$10.80
|
9.65%
|
1.24%
|
1.24%
(c)
|
1.36%
|
9%
|
$57,072
|
|
Institutional Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.77
|
6.31%
|
0.19%
|
0.19%
|
2.95%
|
2%
|
$10,911
|
|
Year Ended 1/31/2024
|
$9.32
|
7.54%
|
0.18%
|
0.18%
(c)
|
3.21%
|
11%
|
$12,188
|
|
Year Ended 1/31/2023
|
$9.05
|
(8.72%
)
|
0.19%
(d)
|
0.19%
(c),(d)
|
2.01%
|
9%
|
$12,809
|
|
Year Ended 1/31/2022
|
$10.58
|
4.73%
|
0.16%
(d)
|
0.16%
(c),(d)
|
1.66%
|
18%
|
$16,861
|
|
Year Ended 1/31/2021
|
$11.11
|
8.82%
|
0.24%
(d)
|
0.24%
(c),(d)
|
1.82%
|
66%
|
$16,686
|
|
Year Ended 1/31/2020
|
$10.80
|
10.76%
|
0.24%
|
0.24%
(c)
|
2.38%
|
9%
|
$16,490
|
|
Class R
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.99
|
6.02%
|
0.69%
|
0.69%
|
2.47%
|
2%
|
$1,549
|
|
Year Ended 1/31/2024
|
$9.53
|
6.95%
|
0.68%
|
0.68%
(c)
|
2.65%
|
11%
|
$1,271
|
|
Year Ended 1/31/2023
|
$9.25
|
(9.11%
)
|
0.69%
(d)
|
0.69%
(c),(d)
|
1.54%
|
9%
|
$1,554
|
|
Year Ended 1/31/2022
|
$10.79
|
4.21%
|
0.66%
(d)
|
0.66%
(c),(d)
|
1.17%
|
18%
|
$1,673
|
|
Year Ended 1/31/2021
|
$11.31
|
8.21%
|
0.74%
(d)
|
0.74%
(c),(d)
|
1.48%
|
66%
|
$1,625
|
|
Year Ended 1/31/2020
|
$10.99
|
10.23%
|
0.74%
|
0.74%
(c)
|
1.80%
|
9%
|
$1,177
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
39
Financial Highlights
Columbia Capital Allocation Moderate Portfolio
|
|
Net asset value,
beginning of
period
|
Net
investment
income
|
Net
realized
and
unrealized
gain (loss)
|
Total from
investment
operations
|
Distributions
from net
investment
income
|
Distributions
from net
realized
gains
|
Total
distributions to
shareholders
|
|
Class A
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.99
|
0.12
|
0.65
|
0.77
|
(0.13
)
|
(0.01
)
|
(0.14
)
|
|
Year Ended 1/31/2024
|
$9.53
|
0.26
|
0.61
|
0.87
|
(0.25
)
|
(0.16
)
|
(0.41
)
|
|
Year Ended 1/31/2023
|
$11.17
|
0.16
|
(1.27
)
|
(1.11
)
|
(0.16
)
|
(0.37
)
|
(0.53
)
|
|
Year Ended 1/31/2022
|
$11.91
|
0.19
|
0.60
|
0.79
|
(0.36
)
|
(1.17
)
|
(1.53
)
|
|
Year Ended 1/31/2021
|
$11.32
|
0.18
|
1.03
|
1.21
|
(0.27
)
|
(0.35
)
|
(0.62
)
|
|
Year Ended 1/31/2020
|
$10.70
|
0.24
|
1.05
|
1.29
|
(0.25
)
|
(0.42
)
|
(0.67
)
|
|
Advisor Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.80
|
0.13
|
0.63
|
0.76
|
(0.14
)
|
(0.01
)
|
(0.15
)
|
|
Year Ended 1/31/2024
|
$9.35
|
0.29
|
0.60
|
0.89
|
(0.28
)
|
(0.16
)
|
(0.44
)
|
|
Year Ended 1/31/2023
|
$10.98
|
0.19
|
(1.26
)
|
(1.07
)
|
(0.19
)
|
(0.37
)
|
(0.56
)
|
|
Year Ended 1/31/2022
|
$11.73
|
0.22
|
0.59
|
0.81
|
(0.39
)
|
(1.17
)
|
(1.56
)
|
|
Year Ended 1/31/2021
|
$11.17
|
0.21
|
1.00
|
1.21
|
(0.30
)
|
(0.35
)
|
(0.65
)
|
|
Year Ended 1/31/2020
|
$10.57
|
0.28
|
1.02
|
1.30
|
(0.28
)
|
(0.42
)
|
(0.70
)
|
|
Class C
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.87
|
0.08
|
0.65
|
0.73
|
(0.09
)
|
(0.01
)
|
(0.10
)
|
|
Year Ended 1/31/2024
|
$9.42
|
0.18
|
0.61
|
0.79
|
(0.18
)
|
(0.16
)
|
(0.34
)
|
|
Year Ended 1/31/2023
|
$11.05
|
0.08
|
(1.25
)
|
(1.17
)
|
(0.09
)
|
(0.37
)
|
(0.46
)
|
|
Year Ended 1/31/2022
|
$11.80
|
0.10
|
0.59
|
0.69
|
(0.27
)
|
(1.17
)
|
(1.44
)
|
|
Year Ended 1/31/2021
|
$11.21
|
0.10
|
1.03
|
1.13
|
(0.19
)
|
(0.35
)
|
(0.54
)
|
|
Year Ended 1/31/2020
|
$10.61
|
0.15
|
1.04
|
1.19
|
(0.17
)
|
(0.42
)
|
(0.59
)
|
|
Institutional Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.97
|
0.13
|
0.65
|
0.78
|
(0.14
)
|
(0.01
)
|
(0.15
)
|
|
Year Ended 1/31/2024
|
$9.51
|
0.28
|
0.62
|
0.90
|
(0.28
)
|
(0.16
)
|
(0.44
)
|
|
Year Ended 1/31/2023
|
$11.15
|
0.18
|
(1.26
)
|
(1.08
)
|
(0.19
)
|
(0.37
)
|
(0.56
)
|
|
Year Ended 1/31/2022
|
$11.89
|
0.23
|
0.59
|
0.82
|
(0.39
)
|
(1.17
)
|
(1.56
)
|
|
Year Ended 1/31/2021
|
$11.31
|
0.21
|
1.02
|
1.23
|
(0.30
)
|
(0.35
)
|
(0.65
)
|
|
Year Ended 1/31/2020
|
$10.69
|
0.26
|
1.06
|
1.32
|
(0.28
)
|
(0.42
)
|
(0.70
)
|
|
Institutional 3 Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$9.80
|
0.13
|
0.65
|
0.78
|
(0.15
)
|
(0.01
)
|
(0.16
)
|
|
Year Ended 1/31/2024
|
$9.36
|
0.27
|
0.61
|
0.88
|
(0.28
)
|
(0.16
)
|
(0.44
)
|
|
Year Ended 1/31/2023
|
$10.98
|
0.18
|
(1.23
)
|
(1.05
)
|
(0.20
)
|
(0.37
)
|
(0.57
)
|
|
Year Ended 1/31/2022
|
$11.74
|
0.23
|
0.57
|
0.80
|
(0.39
)
|
(1.17
)
|
(1.56
)
|
|
Year Ended 1/31/2021
|
$11.17
|
0.21
|
1.01
|
1.22
|
(0.30
)
|
(0.35
)
|
(0.65
)
|
|
Year Ended 1/31/2020
|
$10.56
|
0.27
|
1.05
|
1.32
|
(0.29
)
|
(0.42
)
|
(0.71
)
|
|
Notes to Financial Highlights
|
|
|
(a)
|
In addition to the fees and expenses that the Fund bears directly, the Fund indirectly
bears a pro rata share of the fees and expenses of any other funds in which it invests.
Such indirect expenses are not included in the Fund’s reported expense ratios.
|
|
(b)
|
Total net expenses include the impact of certain fee waivers/expense reimbursements
made by the Investment Manager and certain of its affiliates, if applicable.
|
|
(c)
|
Ratios include interest on collateral expense which is less than 0.01%.
|
|
(d)
|
The benefits derived from expense reductions had an impact of less than 0.01%.
|
The accompanying Notes to Financial Statements are an integral part of this statement.
40
Columbia Capital Allocation Portfolios | 2024
Financial Highlights (continued)
Columbia Capital Allocation Moderate Portfolio
|
|
Net
asset
value,
end of
period
|
Total
return
|
Total gross
expense
ratio to
average
net assets(a)
|
Total net
expense
ratio to
average
net assets(a),(b)
|
Net investment
income
ratio to
average
net assets
|
Portfolio
turnover
|
Net
assets,
end of
period
(000’s)
|
|
Class A
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$10.62
|
7.75%
|
0.38%
(c)
|
0.38%
(c)
|
2.32%
|
2%
|
$978,699
|
|
Year Ended 1/31/2024
|
$9.99
|
9.45%
|
0.39%
(c)
|
0.39%
(c),(d)
|
2.72%
|
11%
|
$979,753
|
|
Year Ended 1/31/2023
|
$9.53
|
(9.70%
)
|
0.39%
(c)
|
0.39%
(c),(d)
|
1.61%
|
6%
|
$1,027,776
|
|
Year Ended 1/31/2022
|
$11.17
|
6.42%
|
0.38%
(c)
|
0.38%
(c),(d)
|
1.58%
|
22%
|
$1,308,500
|
|
Year Ended 1/31/2021
|
$11.91
|
11.31%
|
0.43%
(c)
|
0.43%
(c),(d)
|
1.66%
|
86%
|
$1,324,148
|
|
Year Ended 1/31/2020
|
$11.32
|
12.26%
|
0.43%
|
0.43%
(d)
|
2.11%
|
10%
|
$1,280,253
|
|
Advisor Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$10.41
|
7.83%
|
0.13%
(c)
|
0.13%
(c)
|
2.59%
|
2%
|
$16,146
|
|
Year Ended 1/31/2024
|
$9.80
|
9.80%
|
0.14%
(c)
|
0.14%
(c),(d)
|
3.12%
|
11%
|
$13,077
|
|
Year Ended 1/31/2023
|
$9.35
|
(9.54%
)
|
0.14%
(c)
|
0.14%
(c),(d)
|
1.95%
|
6%
|
$7,509
|
|
Year Ended 1/31/2022
|
$10.98
|
6.70%
|
0.13%
(c)
|
0.13%
(c),(d)
|
1.86%
|
22%
|
$7,686
|
|
Year Ended 1/31/2021
|
$11.73
|
11.48%
|
0.18%
(c)
|
0.18%
(c),(d)
|
1.91%
|
86%
|
$3,244
|
|
Year Ended 1/31/2020
|
$11.17
|
12.51%
|
0.18%
|
0.18%
(d)
|
2.50%
|
10%
|
$3,051
|
|
Class C
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$10.50
|
7.45%
|
1.13%
(c)
|
1.13%
(c)
|
1.58%
|
2%
|
$60,050
|
|
Year Ended 1/31/2024
|
$9.87
|
8.63%
|
1.14%
(c)
|
1.14%
(c),(d)
|
1.95%
|
11%
|
$60,822
|
|
Year Ended 1/31/2023
|
$9.42
|
(10.42%
)
|
1.14%
(c)
|
1.14%
(c),(d)
|
0.85%
|
6%
|
$70,538
|
|
Year Ended 1/31/2022
|
$11.05
|
5.58%
|
1.13%
(c)
|
1.13%
(c),(d)
|
0.82%
|
22%
|
$98,600
|
|
Year Ended 1/31/2021
|
$11.80
|
10.56%
|
1.18%
(c)
|
1.18%
(c),(d)
|
0.89%
|
86%
|
$110,135
|
|
Year Ended 1/31/2020
|
$11.21
|
11.34%
|
1.18%
|
1.18%
(d)
|
1.35%
|
10%
|
$153,545
|
|
Institutional Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$10.60
|
7.90%
|
0.13%
(c)
|
0.13%
(c)
|
2.58%
|
2%
|
$20,367
|
|
Year Ended 1/31/2024
|
$9.97
|
9.74%
|
0.14%
(c)
|
0.14%
(c),(d)
|
2.92%
|
11%
|
$20,026
|
|
Year Ended 1/31/2023
|
$9.51
|
(9.48%
)
|
0.14%
(c)
|
0.14%
(c),(d)
|
1.78%
|
6%
|
$27,345
|
|
Year Ended 1/31/2022
|
$11.15
|
6.69%
|
0.13%
(c)
|
0.13%
(c),(d)
|
1.89%
|
22%
|
$62,130
|
|
Year Ended 1/31/2021
|
$11.89
|
11.51%
|
0.18%
(c)
|
0.18%
(c),(d)
|
1.91%
|
86%
|
$38,386
|
|
Year Ended 1/31/2020
|
$11.31
|
12.55%
|
0.18%
|
0.18%
(d)
|
2.37%
|
10%
|
$37,112
|
|
Institutional 3 Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$10.42
|
7.97%
|
0.07%
(c)
|
0.07%
(c)
|
2.61%
|
2%
|
$10,399
|
|
Year Ended 1/31/2024
|
$9.80
|
9.75%
|
0.08%
(c)
|
0.08%
(c)
|
2.91%
|
11%
|
$13,995
|
|
Year Ended 1/31/2023
|
$9.36
|
(9.39%
)
|
0.08%
(c)
|
0.08%
(c)
|
1.89%
|
6%
|
$29,170
|
|
Year Ended 1/31/2022
|
$10.98
|
6.66%
|
0.08%
(c)
|
0.08%
(c)
|
1.92%
|
22%
|
$39,786
|
|
Year Ended 1/31/2021
|
$11.74
|
11.64%
|
0.12%
(c)
|
0.12%
(c)
|
1.94%
|
86%
|
$10,372
|
|
Year Ended 1/31/2020
|
$11.17
|
12.68%
|
0.13%
|
0.13%
|
2.42%
|
10%
|
$11,042
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
41
Financial Highlights
Columbia Capital Allocation Moderate Aggressive Portfolio
|
|
Net asset value,
beginning of
period
|
Net
investment
income
|
Net
realized
and
unrealized
gain (loss)
|
Total from
investment
operations
|
Distributions
from net
investment
income
|
Distributions
from net
realized
gains
|
Total
distributions to
shareholders
|
|
Class A
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.09
|
0.10
|
0.94
|
1.04
|
(0.09
)
|
(0.19
)
|
(0.28
)
|
|
Year Ended 1/31/2024
|
$10.41
|
0.23
|
0.94
|
1.17
|
(0.24
)
|
(0.25
)
|
(0.49
)
|
|
Year Ended 1/31/2023
|
$12.27
|
0.13
|
(1.38
)
|
(1.25
)
|
(0.14
)
|
(0.47
)
|
(0.61
)
|
|
Year Ended 1/31/2022
|
$13.05
|
0.19
|
1.03
|
1.22
|
(0.42
)
|
(1.58
)
|
(2.00
)
|
|
Year Ended 1/31/2021
|
$12.28
|
0.15
|
1.33
|
1.48
|
(0.19
)
|
(0.52
)
|
(0.71
)
|
|
Year Ended 1/31/2020
|
$11.64
|
0.22
|
1.33
|
1.55
|
(0.24
)
|
(0.67
)
|
(0.91
)
|
|
Advisor Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.24
|
0.12
|
0.95
|
1.07
|
(0.10
)
|
(0.19
)
|
(0.29
)
|
|
Year Ended 1/31/2024
|
$10.54
|
0.25
|
0.96
|
1.21
|
(0.26
)
|
(0.25
)
|
(0.51
)
|
|
Year Ended 1/31/2023
|
$12.42
|
0.17
|
(1.41
)
|
(1.24
)
|
(0.17
)
|
(0.47
)
|
(0.64
)
|
|
Year Ended 1/31/2022
|
$13.18
|
0.22
|
1.05
|
1.27
|
(0.45
)
|
(1.58
)
|
(2.03
)
|
|
Year Ended 1/31/2021
|
$12.40
|
0.19
|
1.33
|
1.52
|
(0.22
)
|
(0.52
)
|
(0.74
)
|
|
Year Ended 1/31/2020
|
$11.75
|
0.22
|
1.37
|
1.59
|
(0.27
)
|
(0.67
)
|
(0.94
)
|
|
Class C
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.12
|
0.06
|
0.94
|
1.00
|
(0.05
)
|
(0.19
)
|
(0.24
)
|
|
Year Ended 1/31/2024
|
$10.44
|
0.15
|
0.94
|
1.09
|
(0.16
)
|
(0.25
)
|
(0.41
)
|
|
Year Ended 1/31/2023
|
$12.30
|
0.05
|
(1.38
)
|
(1.33
)
|
(0.06
)
|
(0.47
)
|
(0.53
)
|
|
Year Ended 1/31/2022
|
$13.07
|
0.09
|
1.04
|
1.13
|
(0.32
)
|
(1.58
)
|
(1.90
)
|
|
Year Ended 1/31/2021
|
$12.30
|
0.05
|
1.35
|
1.40
|
(0.11
)
|
(0.52
)
|
(0.63
)
|
|
Year Ended 1/31/2020
|
$11.67
|
0.12
|
1.33
|
1.45
|
(0.15
)
|
(0.67
)
|
(0.82
)
|
|
Institutional Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.05
|
0.11
|
0.94
|
1.05
|
(0.10
)
|
(0.19
)
|
(0.29
)
|
|
Year Ended 1/31/2024
|
$10.38
|
0.26
|
0.92
|
1.18
|
(0.26
)
|
(0.25
)
|
(0.51
)
|
|
Year Ended 1/31/2023
|
$12.23
|
0.15
|
(1.36
)
|
(1.21
)
|
(0.17
)
|
(0.47
)
|
(0.64
)
|
|
Year Ended 1/31/2022
|
$13.02
|
0.22
|
1.02
|
1.24
|
(0.45
)
|
(1.58
)
|
(2.03
)
|
|
Year Ended 1/31/2021
|
$12.25
|
0.18
|
1.33
|
1.51
|
(0.22
)
|
(0.52
)
|
(0.74
)
|
|
Year Ended 1/31/2020
|
$11.62
|
0.24
|
1.33
|
1.57
|
(0.27
)
|
(0.67
)
|
(0.94
)
|
|
Institutional 3 Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$10.82
|
0.11
|
0.92
|
1.03
|
(0.11
)
|
(0.19
)
|
(0.30
)
|
|
Year Ended 1/31/2024
|
$10.17
|
0.25
|
0.92
|
1.17
|
(0.27
)
|
(0.25
)
|
(0.52
)
|
|
Year Ended 1/31/2023
|
$12.00
|
0.15
|
(1.33
)
|
(1.18
)
|
(0.18
)
|
(0.47
)
|
(0.65
)
|
|
Year Ended 1/31/2022
|
$12.80
|
0.23
|
1.01
|
1.24
|
(0.46
)
|
(1.58
)
|
(2.04
)
|
|
Year Ended 1/31/2021
|
$12.06
|
0.18
|
1.31
|
1.49
|
(0.23
)
|
(0.52
)
|
(0.75
)
|
|
Year Ended 1/31/2020
|
$11.45
|
0.26
|
1.30
|
1.56
|
(0.28
)
|
(0.67
)
|
(0.95
)
|
The accompanying Notes to Financial Statements are an integral part of this statement.
42
Columbia Capital Allocation Portfolios | 2024
Financial Highlights (continued)
Columbia Capital Allocation Moderate Aggressive Portfolio
|
|
Net
asset
value,
end of
period
|
Total
return
|
Total gross
expense
ratio to
average
net assets(a)
|
Total net
expense
ratio to
average
net assets(a),(b)
|
Net investment
income
ratio to
average
net assets
|
Portfolio
turnover
|
Net
assets,
end of
period
(000’s)
|
|
Class A
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.85
|
9.41%
|
0.39%
(c)
|
0.39%
(c)
|
1.72%
|
1%
|
$1,519,442
|
|
Year Ended 1/31/2024
|
$11.09
|
11.52%
|
0.40%
(c)
|
0.40%
(c),(d)
|
2.21%
|
11%
|
$1,470,257
|
|
Year Ended 1/31/2023
|
$10.41
|
(9.93%
)
|
0.40%
(c)
|
0.40%
(c),(d)
|
1.22%
|
7%
|
$1,404,980
|
|
Year Ended 1/31/2022
|
$12.27
|
9.12%
|
0.39%
(c)
|
0.39%
(c),(d)
|
1.41%
|
21%
|
$1,720,777
|
|
Year Ended 1/31/2021
|
$13.05
|
12.89%
|
0.50%
(c)
|
0.50%
(c),(d)
|
1.22%
|
76%
|
$1,690,945
|
|
Year Ended 1/31/2020
|
$12.28
|
13.51%
|
0.50%
|
0.50%
(d)
|
1.77%
|
10%
|
$1,645,913
|
|
Advisor Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$12.02
|
9.60%
|
0.14%
(c)
|
0.14%
(c)
|
2.00%
|
1%
|
$27,509
|
|
Year Ended 1/31/2024
|
$11.24
|
11.84%
|
0.16%
(c)
|
0.16%
(c),(d)
|
2.36%
|
11%
|
$18,368
|
|
Year Ended 1/31/2023
|
$10.54
|
(9.74%
)
|
0.16%
(c)
|
0.15%
(c),(d)
|
1.66%
|
7%
|
$38,201
|
|
Year Ended 1/31/2022
|
$12.42
|
9.45%
|
0.15%
(c)
|
0.15%
(c),(d)
|
1.63%
|
21%
|
$28,048
|
|
Year Ended 1/31/2021
|
$13.18
|
13.13%
|
0.24%
(c)
|
0.24%
(c),(d)
|
1.61%
|
76%
|
$8,672
|
|
Year Ended 1/31/2020
|
$12.40
|
13.75%
|
0.25%
|
0.25%
(d)
|
1.80%
|
10%
|
$7,779
|
|
Class C
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.88
|
8.99%
|
1.14%
(c)
|
1.14%
(c)
|
0.97%
|
1%
|
$67,919
|
|
Year Ended 1/31/2024
|
$11.12
|
10.66%
|
1.15%
(c)
|
1.15%
(c),(d)
|
1.44%
|
11%
|
$69,736
|
|
Year Ended 1/31/2023
|
$10.44
|
(10.57%
)
|
1.15%
(c)
|
1.15%
(c),(d)
|
0.46%
|
7%
|
$76,449
|
|
Year Ended 1/31/2022
|
$12.30
|
8.36%
|
1.14%
(c)
|
1.14%
(c),(d)
|
0.64%
|
21%
|
$102,579
|
|
Year Ended 1/31/2021
|
$13.07
|
12.05%
|
1.25%
(c)
|
1.25%
(c),(d)
|
0.46%
|
76%
|
$116,412
|
|
Year Ended 1/31/2020
|
$12.30
|
12.55%
|
1.25%
|
1.25%
(d)
|
1.01%
|
10%
|
$148,134
|
|
Institutional Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.81
|
9.58%
|
0.14%
(c)
|
0.14%
(c)
|
1.97%
|
1%
|
$90,055
|
|
Year Ended 1/31/2024
|
$11.05
|
11.73%
|
0.16%
(c)
|
0.15%
(c),(d)
|
2.45%
|
11%
|
$85,468
|
|
Year Ended 1/31/2023
|
$10.38
|
(9.65%
)
|
0.15%
(c)
|
0.15%
(c),(d)
|
1.46%
|
7%
|
$84,049
|
|
Year Ended 1/31/2022
|
$12.23
|
9.33%
|
0.14%
(c)
|
0.14%
(c),(d)
|
1.66%
|
21%
|
$106,896
|
|
Year Ended 1/31/2021
|
$13.02
|
13.21%
|
0.25%
(c)
|
0.25%
(c),(d)
|
1.48%
|
76%
|
$106,491
|
|
Year Ended 1/31/2020
|
$12.25
|
13.73%
|
0.25%
|
0.25%
(d)
|
2.01%
|
10%
|
$107,497
|
|
Institutional 3 Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.55
|
9.55%
|
0.06%
(c)
|
0.06%
(c)
|
2.00%
|
1%
|
$13,581
|
|
Year Ended 1/31/2024
|
$10.82
|
11.88%
|
0.07%
(c)
|
0.07%
(c)
|
2.44%
|
11%
|
$21,033
|
|
Year Ended 1/31/2023
|
$10.17
|
(9.58%
)
|
0.06%
(c)
|
0.06%
(c)
|
1.47%
|
7%
|
$36,468
|
|
Year Ended 1/31/2022
|
$12.00
|
9.50%
|
0.07%
(c)
|
0.07%
(c)
|
1.74%
|
21%
|
$78,836
|
|
Year Ended 1/31/2021
|
$12.80
|
13.27%
|
0.16%
(c)
|
0.16%
(c)
|
1.55%
|
76%
|
$14,407
|
|
Year Ended 1/31/2020
|
$12.06
|
13.87%
|
0.15%
|
0.15%
|
2.15%
|
10%
|
$13,771
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
43
Financial Highlights (continued)
Columbia Capital Allocation Moderate Aggressive Portfolio
|
|
Net asset value,
beginning of
period
|
Net
investment
income
|
Net
realized
and
unrealized
gain (loss)
|
Total from
investment
operations
|
Distributions
from net
investment
income
|
Distributions
from net
realized
gains
|
Total
distributions to
shareholders
|
|
Class R
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.08
|
0.08
|
0.95
|
1.03
|
(0.08
)
|
(0.19
)
|
(0.27
)
|
|
Year Ended 1/31/2024
|
$10.40
|
0.20
|
0.94
|
1.14
|
(0.21
)
|
(0.25
)
|
(0.46
)
|
|
Year Ended 1/31/2023
|
$12.25
|
0.10
|
(1.37
)
|
(1.27
)
|
(0.11
)
|
(0.47
)
|
(0.58
)
|
|
Year Ended 1/31/2022
|
$13.03
|
0.15
|
1.03
|
1.18
|
(0.38
)
|
(1.58
)
|
(1.96
)
|
|
Year Ended 1/31/2021
|
$12.26
|
0.12
|
1.33
|
1.45
|
(0.16
)
|
(0.52
)
|
(0.68
)
|
|
Year Ended 1/31/2020
|
$11.63
|
0.18
|
1.33
|
1.51
|
(0.21
)
|
(0.67
)
|
(0.88
)
|
|
Notes to Financial Highlights
|
|
|
(a)
|
In addition to the fees and expenses that the Fund bears directly, the Fund indirectly
bears a pro rata share of the fees and expenses of any other funds in which it invests.
Such indirect expenses are not included in the Fund’s reported expense ratios.
|
|
(b)
|
Total net expenses include the impact of certain fee waivers/expense reimbursements
made by the Investment Manager and certain of its affiliates, if applicable.
|
|
(c)
|
Ratios include interest on collateral expense which is less than 0.01%.
|
|
(d)
|
The benefits derived from expense reductions had an impact of less than 0.01%.
|
The accompanying Notes to Financial Statements are an integral part of this statement.
44
Columbia Capital Allocation Portfolios | 2024
Financial Highlights (continued)
Columbia Capital Allocation Moderate Aggressive Portfolio
|
|
Net
asset
value,
end of
period
|
Total
return
|
Total gross
expense
ratio to
average
net assets(a)
|
Total net
expense
ratio to
average
net assets(a),(b)
|
Net investment
income
ratio to
average
net assets
|
Portfolio
turnover
|
Net
assets,
end of
period
(000’s)
|
|
Class R
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.84
|
9.29%
|
0.64%
(c)
|
0.64%
(c)
|
1.38%
|
1%
|
$4,924
|
|
Year Ended 1/31/2024
|
$11.08
|
11.25%
|
0.65%
(c)
|
0.65%
(c),(d)
|
1.95%
|
11%
|
$16,369
|
|
Year Ended 1/31/2023
|
$10.40
|
(10.10%
)
|
0.65%
(c)
|
0.65%
(c),(d)
|
0.97%
|
7%
|
$16,756
|
|
Year Ended 1/31/2022
|
$12.25
|
8.85%
|
0.65%
(c)
|
0.65%
(c),(d)
|
1.09%
|
21%
|
$19,334
|
|
Year Ended 1/31/2021
|
$13.03
|
12.62%
|
0.75%
(c)
|
0.75%
(c),(d)
|
0.98%
|
76%
|
$5,315
|
|
Year Ended 1/31/2020
|
$12.26
|
13.15%
|
0.75%
|
0.75%
(d)
|
1.46%
|
10%
|
$4,823
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
45
Financial Highlights
Columbia Capital Allocation Aggressive Portfolio
|
|
Net asset value,
beginning of
period
|
Net
investment
income
|
Net
realized
and
unrealized
gain (loss)
|
Total from
investment
operations
|
Distributions
from net
investment
income
|
Distributions
from net
realized
gains
|
Total
distributions to
shareholders
|
|
Class A
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.93
|
0.07
|
1.24
|
1.31
|
(0.02
)
|
—
|
(0.02
)
|
|
Year Ended 1/31/2024
|
$11.13
|
0.22
|
1.22
|
1.44
|
(0.23
)
|
(0.41
)
|
(0.64
)
|
|
Year Ended 1/31/2023
|
$13.31
|
0.10
|
(1.50
)
|
(1.40
)
|
(0.11
)
|
(0.67
)
|
(0.78
)
|
|
Year Ended 1/31/2022
|
$13.49
|
0.18
|
1.49
|
1.67
|
(0.36
)
|
(1.49
)
|
(1.85
)
|
|
Year Ended 1/31/2021
|
$12.58
|
0.15
|
1.56
|
1.71
|
(0.18
)
|
(0.62
)
|
(0.80
)
|
|
Year Ended 1/31/2020
|
$11.90
|
0.19
|
1.45
|
1.64
|
(0.19
)
|
(0.77
)
|
(0.96
)
|
|
Advisor Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.56
|
0.08
|
1.21
|
1.29
|
(0.02
)
|
—
|
(0.02
)
|
|
Year Ended 1/31/2024
|
$10.80
|
0.25
|
1.18
|
1.43
|
(0.26
)
|
(0.41
)
|
(0.67
)
|
|
Year Ended 1/31/2023
|
$12.94
|
0.14
|
(1.47
)
|
(1.33
)
|
(0.14
)
|
(0.67
)
|
(0.81
)
|
|
Year Ended 1/31/2022
|
$13.16
|
0.21
|
1.46
|
1.67
|
(0.40
)
|
(1.49
)
|
(1.89
)
|
|
Year Ended 1/31/2021
|
$12.29
|
0.21
|
1.49
|
1.70
|
(0.21
)
|
(0.62
)
|
(0.83
)
|
|
Year Ended 1/31/2020
|
$11.64
|
0.19
|
1.45
|
1.64
|
(0.22
)
|
(0.77
)
|
(0.99
)
|
|
Class C
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.48
|
0.02
|
1.19
|
1.21
|
(0.01
)
|
—
|
(0.01
)
|
|
Year Ended 1/31/2024
|
$10.73
|
0.13
|
1.18
|
1.31
|
(0.15
)
|
(0.41
)
|
(0.56
)
|
|
Year Ended 1/31/2023
|
$12.85
|
0.01
|
(1.43
)
|
(1.42
)
|
(0.03
)
|
(0.67
)
|
(0.70
)
|
|
Year Ended 1/31/2022
|
$13.09
|
0.07
|
1.43
|
1.50
|
(0.25
)
|
(1.49
)
|
(1.74
)
|
|
Year Ended 1/31/2021
|
$12.24
|
0.05
|
1.51
|
1.56
|
(0.09
)
|
(0.62
)
|
(0.71
)
|
|
Year Ended 1/31/2020
|
$11.60
|
0.09
|
1.42
|
1.51
|
(0.10
)
|
(0.77
)
|
(0.87
)
|
|
Institutional Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.85
|
0.09
|
1.23
|
1.32
|
(0.02
)
|
—
|
(0.02
)
|
|
Year Ended 1/31/2024
|
$11.06
|
0.25
|
1.21
|
1.46
|
(0.26
)
|
(0.41
)
|
(0.67
)
|
|
Year Ended 1/31/2023
|
$13.23
|
0.13
|
(1.49
)
|
(1.36
)
|
(0.14
)
|
(0.67
)
|
(0.81
)
|
|
Year Ended 1/31/2022
|
$13.42
|
0.22
|
1.48
|
1.70
|
(0.40
)
|
(1.49
)
|
(1.89
)
|
|
Year Ended 1/31/2021
|
$12.52
|
0.20
|
1.53
|
1.73
|
(0.21
)
|
(0.62
)
|
(0.83
)
|
|
Year Ended 1/31/2020
|
$11.84
|
0.22
|
1.45
|
1.67
|
(0.22
)
|
(0.77
)
|
(0.99
)
|
|
Institutional 3 Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.53
|
0.09
|
1.20
|
1.29
|
(0.02
)
|
—
|
(0.02
)
|
|
Year Ended 1/31/2024
|
$10.78
|
0.24
|
1.19
|
1.43
|
(0.27
)
|
(0.41
)
|
(0.68
)
|
|
Year Ended 1/31/2023
|
$12.92
|
0.13
|
(1.45
)
|
(1.32
)
|
(0.15
)
|
(0.67
)
|
(0.82
)
|
|
Year Ended 1/31/2022
|
$13.14
|
0.21
|
1.46
|
1.67
|
(0.40
)
|
(1.49
)
|
(1.89
)
|
|
Year Ended 1/31/2021
|
$12.28
|
0.17
|
1.53
|
1.70
|
(0.22
)
|
(0.62
)
|
(0.84
)
|
|
Year Ended 1/31/2020
|
$11.63
|
0.23
|
1.42
|
1.65
|
(0.23
)
|
(0.77
)
|
(1.00
)
|
The accompanying Notes to Financial Statements are an integral part of this statement.
46
Columbia Capital Allocation Portfolios | 2024
Financial Highlights (continued)
Columbia Capital Allocation Aggressive Portfolio
|
|
Net
asset
value,
end of
period
|
Total
return
|
Total gross
expense
ratio to
average
net assets(a)
|
Total net
expense
ratio to
average
net assets(a),(b)
|
Net investment
income
ratio to
average
net assets
|
Portfolio
turnover
|
Net
assets,
end of
period
(000’s)
|
|
Class A
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$13.22
|
10.95%
|
0.39%
(c)
|
0.39%
(c)
|
1.11%
|
1%
|
$1,121,184
|
|
Year Ended 1/31/2024
|
$11.93
|
13.28%
|
0.41%
(c)
|
0.41%
(c),(d)
|
1.93%
|
21%
|
$1,065,223
|
|
Year Ended 1/31/2023
|
$11.13
|
(10.14%
)
|
0.40%
(c)
|
0.40%
(c),(d)
|
0.88%
|
8%
|
$1,038,485
|
|
Year Ended 1/31/2022
|
$13.31
|
12.14%
|
0.39%
(c)
|
0.39%
(c),(d)
|
1.27%
|
14%
|
$1,264,033
|
|
Year Ended 1/31/2021
|
$13.49
|
14.61%
|
0.43%
(c),(e)
|
0.43%
(c),(d),(e)
|
1.22%
|
74%
|
$1,214,331
|
|
Year Ended 1/31/2020
|
$12.58
|
14.00%
|
0.47%
|
0.47%
(d)
|
1.49%
|
12%
|
$623,971
|
|
Advisor Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$12.83
|
11.15%
|
0.14%
(c)
|
0.14%
(c)
|
1.39%
|
1%
|
$50,077
|
|
Year Ended 1/31/2024
|
$11.56
|
13.59%
|
0.16%
(c)
|
0.16%
(c),(d)
|
2.30%
|
21%
|
$26,223
|
|
Year Ended 1/31/2023
|
$10.80
|
(9.88%
)
|
0.15%
(c)
|
0.15%
(c),(d)
|
1.29%
|
8%
|
$20,360
|
|
Year Ended 1/31/2022
|
$12.94
|
12.41%
|
0.14%
(c)
|
0.14%
(c),(d)
|
1.50%
|
14%
|
$13,041
|
|
Year Ended 1/31/2021
|
$13.16
|
14.90%
|
0.17%
(c),(e)
|
0.17%
(c),(d),(e)
|
1.68%
|
74%
|
$8,176
|
|
Year Ended 1/31/2020
|
$12.29
|
14.33%
|
0.22%
|
0.22%
(d)
|
1.60%
|
12%
|
$1,611
|
|
Class C
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$12.68
|
10.53%
|
1.14%
(c)
|
1.14%
(c)
|
0.36%
|
1%
|
$63,848
|
|
Year Ended 1/31/2024
|
$11.48
|
12.50%
|
1.16%
(c)
|
1.16%
(c),(d)
|
1.18%
|
21%
|
$60,895
|
|
Year Ended 1/31/2023
|
$10.73
|
(10.78%
)
|
1.15%
(c)
|
1.15%
(c),(d)
|
0.13%
|
8%
|
$62,530
|
|
Year Ended 1/31/2022
|
$12.85
|
11.22%
|
1.14%
(c)
|
1.14%
(c),(d)
|
0.49%
|
14%
|
$80,981
|
|
Year Ended 1/31/2021
|
$13.09
|
13.73%
|
1.18%
(c),(e)
|
1.18%
(c),(d),(e)
|
0.40%
|
74%
|
$90,213
|
|
Year Ended 1/31/2020
|
$12.24
|
13.21%
|
1.22%
|
1.22%
(d)
|
0.75%
|
12%
|
$74,297
|
|
Institutional Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$13.15
|
11.13%
|
0.14%
(c)
|
0.14%
(c)
|
1.36%
|
1%
|
$35,336
|
|
Year Ended 1/31/2024
|
$11.85
|
13.54%
|
0.16%
(c)
|
0.16%
(c),(d)
|
2.19%
|
21%
|
$31,127
|
|
Year Ended 1/31/2023
|
$11.06
|
(9.89%
)
|
0.15%
(c)
|
0.15%
(c),(d)
|
1.13%
|
8%
|
$32,831
|
|
Year Ended 1/31/2022
|
$13.23
|
12.40%
|
0.14%
(c)
|
0.14%
(c),(d)
|
1.54%
|
14%
|
$43,713
|
|
Year Ended 1/31/2021
|
$13.42
|
14.86%
|
0.17%
(c),(e)
|
0.17%
(c),(d),(e)
|
1.58%
|
74%
|
$38,843
|
|
Year Ended 1/31/2020
|
$12.52
|
14.34%
|
0.22%
|
0.22%
(d)
|
1.76%
|
12%
|
$11,920
|
|
Institutional 3 Class
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$12.80
|
11.19%
|
0.06%
(c)
|
0.06%
(c)
|
1.40%
|
1%
|
$32,790
|
|
Year Ended 1/31/2024
|
$11.53
|
13.61%
|
0.07%
(c)
|
0.07%
(c)
|
2.17%
|
21%
|
$42,488
|
|
Year Ended 1/31/2023
|
$10.78
|
(9.82%
)
|
0.07%
(c)
|
0.07%
(c)
|
1.18%
|
8%
|
$62,454
|
|
Year Ended 1/31/2022
|
$12.92
|
12.50%
|
0.08%
(c)
|
0.08%
(c)
|
1.51%
|
14%
|
$87,544
|
|
Year Ended 1/31/2021
|
$13.14
|
14.88%
|
0.13%
(c),(e)
|
0.13%
(c),(e)
|
1.41%
|
74%
|
$12,370
|
|
Year Ended 1/31/2020
|
$12.28
|
14.42%
|
0.15%
|
0.15%
|
1.86%
|
12%
|
$10,623
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
47
Financial Highlights (continued)
Columbia Capital Allocation Aggressive Portfolio
|
|
Net asset value,
beginning of
period
|
Net
investment
income
|
Net
realized
and
unrealized
gain (loss)
|
Total from
investment
operations
|
Distributions
from net
investment
income
|
Distributions
from net
realized
gains
|
Total
distributions to
shareholders
|
|
Class R
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$11.77
|
0.04
|
1.24
|
1.28
|
(0.01
)
|
—
|
(0.01
)
|
|
Year Ended 1/31/2024
|
$10.99
|
0.19
|
1.21
|
1.40
|
(0.21
)
|
(0.41
)
|
(0.62
)
|
|
Year Ended 1/31/2023
|
$13.15
|
0.07
|
(1.48
)
|
(1.41
)
|
(0.08
)
|
(0.67
)
|
(0.75
)
|
|
Year Ended 1/31/2022
|
$13.35
|
0.13
|
1.48
|
1.61
|
(0.32
)
|
(1.49
)
|
(1.81
)
|
|
Year Ended 1/31/2021
|
$12.47
|
0.08
|
1.57
|
1.65
|
(0.15
)
|
(0.62
)
|
(0.77
)
|
|
Year Ended 1/31/2020
|
$11.80
|
0.15
|
1.45
|
1.60
|
(0.16
)
|
(0.77
)
|
(0.93
)
|
|
Notes to Financial Highlights
|
|
|
(a)
|
In addition to the fees and expenses that the Fund bears directly, the Fund indirectly
bears a pro rata share of the fees and expenses of any other funds in which it invests.
Such indirect expenses are not included in the Fund’s reported expense ratios.
|
|
(b)
|
Total net expenses include the impact of certain fee waivers/expense reimbursements
made by the Investment Manager and certain of its affiliates, if applicable.
|
|
(c)
|
Ratios include interest on collateral expense which is less than 0.01%.
|
|
(d)
|
The benefits derived from expense reductions had an impact of less than 0.01%.
|
|
(e)
|
Ratios include line of credit interest expense which is less than 0.01%.
|
The accompanying Notes to Financial Statements are an integral part of this statement.
48
Columbia Capital Allocation Portfolios | 2024
Financial Highlights (continued)
Columbia Capital Allocation Aggressive Portfolio
|
|
Net
asset
value,
end of
period
|
Total
return
|
Total gross
expense
ratio to
average
net assets(a)
|
Total net
expense
ratio to
average
net assets(a),(b)
|
Net investment
income
ratio to
average
net assets
|
Portfolio
turnover
|
Net
assets,
end of
period
(000’s)
|
|
Class R
|
|||||||
|
Six Months Ended 7/31/2024 (Unaudited)
|
$13.04
|
10.91%
|
0.64%
(c)
|
0.64%
(c)
|
0.65%
|
1%
|
$3,099
|
|
Year Ended 1/31/2024
|
$11.77
|
13.00%
|
0.66%
(c)
|
0.66%
(c),(d)
|
1.70%
|
21%
|
$12,413
|
|
Year Ended 1/31/2023
|
$10.99
|
(10.36%
)
|
0.65%
(c)
|
0.65%
(c),(d)
|
0.64%
|
8%
|
$11,020
|
|
Year Ended 1/31/2022
|
$13.15
|
11.83%
|
0.65%
(c)
|
0.65%
(c),(d)
|
0.88%
|
14%
|
$12,737
|
|
Year Ended 1/31/2021
|
$13.35
|
14.23%
|
0.69%
(c),(e)
|
0.69%
(c),(d),(e)
|
0.70%
|
74%
|
$2,795
|
|
Year Ended 1/31/2020
|
$12.47
|
13.77%
|
0.72%
|
0.72%
(d)
|
1.21%
|
12%
|
$2,927
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Capital Allocation Portfolios | 2024
49
Notes to Financial Statements
July 31, 2024 (Unaudited)
Note 1. Organization
Columbia Funds Series Trust and Columbia Funds Series Trust II (each, a Trust and
collectively, the Trusts), are registered under the Investment Company Act of 1940, as amended (the 1940 Act), as open-end management
investment companies. Columbia Funds Series Trust is organized as a Delaware statutory trust and Columbia
Funds Series Trust II is organized as a Massachusetts business trust.
Information presented in these financial statements pertains to the following series
of the Trusts (each, a Fund and collectively, the Funds): Columbia Capital Allocation Moderate Conservative Portfolio
and Columbia Capital Allocation Moderate Aggressive Portfolio, each a series of Columbia Funds Series Trust, and Columbia
Capital Allocation Conservative Portfolio, Columbia Capital Allocation Moderate Portfolio and Columbia Capital Allocation
Aggressive Portfolio, each a series of Columbia Funds Series Trust II. Each Fund is a diversified fund.
Each Fund is a “fund-of-funds”, investing significantly in affiliated funds managed by Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial,
Inc. (Ameriprise Financial), or its affiliates, as well as third-party advised (unaffiliated) funds, including exchange-traded
funds (collectively, Underlying Funds). Each Fund is exposed to the same risks as the Underlying Funds in direct proportion
to the allocation of its assets among the Underlying Funds. For information on the investment strategies, operations and risks
of the Underlying Funds, please refer to the Fund’s current prospectus as well as the prospectuses and shareholder reports of the Underlying Funds, which are available from the Securities and Exchange Commission’s website at www.sec.gov or on the Underlying Funds’ website at columbiathreadneedleus.com/investor/.
Fund shares
Each Trust may issue an unlimited number of shares (without par value) that can be
allocated among the separate series as designated by the Board of Trustees.
Columbia Capital Allocation Conservative Portfolio, Columbia Capital Allocation Moderate
Conservative Portfolio, Columbia Capital Allocation Moderate Portfolio, Columbia Capital Allocation Moderate Aggressive
Portfolio and Columbia Capital Allocation Aggressive Portfolio offer each of the share classes listed in the Statement
of Assets and Liabilities. Although all share classes generally have identical voting, dividend and liquidation rights, each
share class votes separately when required by the Trusts’ organizational documents or by law. Different share classes pay different net investment income distribution amounts to the extent the expenses of such share classes differ, and
distributions in liquidation will be proportional to the net asset value of each share class. Each share class has its
own expense structure and sales charges.
Class A and Class C shares are offered to the general public for investment. Class
C shares automatically convert to Class A shares after 8 years. Advisor Class, Institutional Class, Institutional 3 Class and
Class R shares are available through authorized investment professionals, to omnibus retirement plans or to institutional
and certain other investors as described in the Funds’ prospectus.
The Funds’ Board of Trustees approved a proposal to liquidate certain share classes of the Funds, as detailed below. Effective on March 11, 2024, these classes were closed to new and existing investors
and effective on April 19, 2024, these classes were liquidated. For federal tax purposes, these liquidations were treated
as redemptions of fund shares.
•
Institutional 2 Class, Institutional 3 Class, and Class R shares of Columbia Capital
Allocation Conservative Portfolio were liquidated.
•
Institutional 2 Class and Institutional 3 Class shares of Columbia Capital Allocation
Moderate Conservative Portfolio were liquidated.
•
Institutional 2 Class and Class R shares of Columbia Capital Allocation Moderate Portfolio
were liquidated.
•
Institutional 2 Class shares of Columbia Capital Allocation Moderate Aggressive Portfolio
were liquidated.
•
Institutional 2 Class shares of Columbia Capital Allocation Aggressive Portfolio were
liquidated.
50
Columbia Capital Allocation Portfolios | 2024
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
For Columbia Capital Allocation Moderate Aggressive Portfolio, the Funds’ Board of Trustees also approved a proposal to permit the exchange of Institutional Class shares held by certain financial intermediaries
and omnibus group retirement plans, with specific permission from Columbia Management Investment Distributors,
Inc., for newly created Class S shares. Effective on October 4, 2024, shares held by those certain Institutional Class shareholders
of Columbia Capital Allocation Moderate Aggressive Portfolio will be exchanged for Class S shares of Columbia Capital
Allocation Moderate Aggressive Portfolio. This will be a tax-free transaction for existing Institutional Class shareholders.
In addition, the Funds’ Board of Trustees approved the conversion of all Advisor Class shares of Columbia Capital Allocation Conservative Portfolio, Columbia Capital Allocation Moderate Conservative Portfolio,
Columbia Capital Allocation Moderate Portfolio, Columbia Capital Allocation Moderate Aggressive Portfolio and Columbia
Capital Allocation Aggressive Portfolio to each Fund’s respective Institutional Class shares and the subsequent elimination of Advisor Class shares. Effective on November 22, 2024, Advisor Class shares of each Fund will be converted to Institutional
Class shares of the respective Fund in a tax-free transaction for existing Advisor Class shareholders.
Note 2. Summary of significant accounting policies
Basis of preparation
Each Fund is an investment company that applies the accounting and reporting guidance
in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946, Financial Services - Investment Companies (ASC 946). The financial statements are prepared in accordance with U.S. generally accepted accounting
principles (GAAP), which requires management to make certain estimates and assumptions that affect the reported
amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements
and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.
The following is a summary of significant accounting policies followed by the Funds
in the preparation of their financial statements.
Security valuation
Investments in the Underlying Funds (other than exchange-traded funds (ETFs)), are
valued at the latest net asset value reported by those companies as of the valuation time.
Forward foreign currency exchange contracts are marked-to-market based upon foreign
currency exchange rates provided by a pricing service.
Futures and options on futures contracts are valued based upon the settlement price
at the close of regular trading on their principal exchanges or, in the absence of a settlement price, at the mean of the latest
quoted bid and ask prices.
Investments for which market quotations are not readily available, or that have quotations
which management believes are not reflective of market value or reliable, are valued at fair value as determined
in good faith under procedures approved by the Board of Trustees. If a security or class of securities (such as foreign securities)
is valued at fair value, such value is likely to be different from the quoted or published price for the security, if available.
The determination of fair value often requires significant judgment. To determine
fair value, management may use assumptions including but not limited to future cash flows and estimated risk premiums.
Multiple inputs from various sources may be used to determine fair value.
GAAP requires disclosure regarding the inputs and valuation techniques used to measure
fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major
category. This information is disclosed following the Funds’ Portfolio of Investments.
Foreign currency transactions and translations
The values of all assets and liabilities denominated in foreign currencies are generally
translated into U.S. dollars at exchange rates determined at the close of regular trading on the New York Stock Exchange.
Net realized and unrealized gains (losses) on foreign currency transactions and translations include gains (losses)
arising from the fluctuation in exchange
Columbia Capital Allocation Portfolios | 2024
51
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
rates between trade and settlement dates on securities transactions, gains (losses)
arising from the disposition of foreign currency and currency gains (losses) between the accrual and payment dates on dividends,
interest income and foreign withholding taxes.
For financial statement purposes, the Funds do not distinguish that portion of gains
(losses) on investments which is due to changes in foreign exchange rates from that which is due to changes in market prices
of the investments. Such fluctuations are included with the net realized and unrealized gains (losses) on investments in
the Statement of Operations.
Derivative instruments
Certain Funds invest in certain derivative instruments, as detailed below, in seeking
to meet its investment objectives. Derivatives are instruments whose values depend on, or are derived from, in whole
or in part, the value of one or more securities, currencies, commodities, indices, or other assets or instruments. Derivatives
may be used to increase investment flexibility (including to maintain cash reserves while maintaining desired exposure
to certain assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue
higher investment returns. The Fund may also use derivative instruments to mitigate certain investment risks, such as foreign
currency exchange rate risk, interest rate risk and credit risk. Derivatives may involve various risks, including the potential
inability of the counterparty to fulfill its obligations under the terms of the contract, the potential for an illiquid secondary
market (making it difficult for the Fund to sell or terminate, including at favorable prices) and the potential for market movements
which may expose the Fund to gains or losses in excess of the amount shown in the Statement of Assets and Liabilities.
The notional exposure of a financial instrument is the nominal or face amount that is used to calculate payments made on
that instrument and/or changes in value for the instrument. The notional exposure is a hypothetical underlying quantity
upon which payment obligations are computed. Notional exposures provide a gauge for how the Fund may behave given changes
in individual markets. The notional amounts of derivative instruments, if applicable, are not recorded in the
financial statements.
A derivative instrument may suffer a marked-to-market loss if the value of the contract
decreases due to an unfavorable change in the market rates or values of the underlying instrument. Losses can also
occur if the counterparty does not perform its obligations under the contract. The Fund’s risk of loss from counterparty credit risk on over-the-counter derivatives is generally limited to the aggregate unrealized gain netted against any collateral
held by the Fund and the amount of any variation margin held by the counterparty, plus any replacement costs or related amounts.
With exchange-traded or centrally cleared derivatives, there is reduced counterparty credit risk to the Fund since the
clearinghouse or central counterparty provides some protection in the case of clearing member default. The clearinghouse
or central counterparty stands between the buyer and the seller of the contract; therefore, failure of the clearinghouse
or central counterparty may pose additional counterparty credit risk. However, credit risk still exists in exchange-traded or
centrally cleared derivatives with respect to initial and variation margin that is held in a broker’s customer account. While clearing brokers are required to segregate customer margin from their own assets, in the event that a clearing broker becomes
insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the clearing
broker for all its clients and such shortfall is remedied by the central counterparty or otherwise, U.S. bankruptcy laws will typically
allocate that shortfall on a pro-rata basis across all the clearing broker’s customers (including the Fund), potentially resulting in losses to the Fund.
In order to better define its contractual rights and to secure rights that will help
the Fund mitigate its counterparty risk, the Fund may enter into an International Swaps and Derivatives Association, Inc. Master
Agreement (ISDA Master Agreement) or similar agreement with its derivatives counterparties. An ISDA Master Agreement is
an agreement between the Fund and a counterparty that governs over-the-counter derivatives and foreign exchange forward
contracts and contains, among other things, collateral posting terms and netting provisions in the event of a default
and/or termination event. Under an ISDA Master Agreement, the Fund may, under certain circumstances, offset with the counterparty certain derivative instruments’ payables and/or receivables with collateral held and/or posted and create one single
net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of default
(close-out netting), including the bankruptcy or insolvency of the counterparty. Note, however, that bankruptcy or insolvency
laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset or netting
in bankruptcy, insolvency or other events.
Collateral (margin) requirements differ by type of derivative. Margin requirements
are established by the clearinghouse or central counterparty for exchange-traded and centrally cleared derivatives. Brokers
can ask for margin in excess of the minimum in certain circumstances. Collateral terms for most over-the-counter derivatives
are subject to regulatory requirements to exchange variation margin with trading counterparties and may have
contract specific margin terms as well.
52
Columbia Capital Allocation Portfolios | 2024
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
For over-the-counter derivatives traded under an ISDA Master Agreement, the collateral
requirements are typically calculated by netting the marked-to-market amount for each transaction under such agreement and
comparing that amount to the value of any variation margin currently pledged by the Fund and/or the counterparty. Generally,
the amount of collateral due from or to a party has to exceed a minimum transfer amount threshold (e.g., $250,000) before
a transfer has to be made. To the extent amounts due to the Fund from its counterparties are not fully collateralized,
contractually or otherwise, the Fund bears the risk of loss from counterparty nonperformance. The Fund may also pay interest
expense on cash collateral received from the broker or receive interest income on cash collateral pledged to the broker. The
Fund attempts to mitigate counterparty risk by only entering into agreements with counterparties that it believes have the
financial resources to honor their obligations and by monitoring the financial stability of those counterparties.
Certain ISDA Master Agreements allow counterparties of over-the-counter derivatives
transactions to terminate derivatives contracts prior to maturity in the event the Fund’s net asset value declines by a stated percentage over a specified time period or if the Fund fails to meet certain terms of the ISDA Master Agreement, which
would cause the Fund to accelerate payment of any net liability owed to the counterparty. The Fund also has termination
rights if the counterparty fails to meet certain terms of the ISDA Master Agreement. In determining whether to exercise such
termination rights, the Fund would consider, in addition to counterparty credit risk, whether termination would result
in a net liability owed from the counterparty.
For financial reporting purposes, the Fund does not offset derivative assets and derivative
liabilities that are subject to netting arrangements in the Statement of Assets and Liabilities.
Forward foreign currency exchange contracts
Forward foreign currency exchange contracts are over-the-counter agreements between
two parties to buy and sell a currency at a set price on a future date. Each Fund utilized forward foreign currency exchange
contracts to hedge the currency exposure associated with some or all of the Fund’s securities, to shift foreign currency exposure back to U.S. dollars and to shift U.S. dollar exposure to achieve a representative weighted mix of major currencies
in its benchmark. These instruments may be used for other purposes in future periods.
The values of forward foreign currency exchange contracts fluctuate daily with changes
in foreign currency exchange rates. Changes in the value of these contracts are recorded as unrealized appreciation or
depreciation until the contract is exercised or has expired. The Fund will realize a gain or loss when the forward foreign
currency exchange contract is closed or expires. Non-deliverable forward foreign currency exchange contracts are settled
with the counterparty in U.S. dollars without delivery of foreign currency.
The use of forward foreign currency exchange contracts does not eliminate fluctuations in the prices of the Fund’s portfolio securities. The risks of forward foreign currency exchange contracts include movement
in the values of the foreign currencies relative to the U.S. dollar (or other foreign currencies) and the possibility that
counterparties will not complete their contractual obligations, which may be in excess of the amount reflected, if any, in
the Statement of Assets and Liabilities.
Futures contracts
Futures contracts are exchange-traded and represent commitments for the future purchase
or sale of an asset at a specified price on a specified date. Each Fund bought and sold futures contracts to produce
incremental earnings, to manage the duration and yield curve exposure of the Fund versus the benchmark, to manage exposure
to movements in interest rates, to manage exposure to the securities market and to maintain appropriate equity market
exposure while keeping sufficient cash to accommodate daily redemptions. These instruments may be used for other purposes
in future periods. Upon entering into futures contracts, the Fund bears risks that it may not achieve the anticipated benefits
of the futures contracts and may realize a loss. Additional risks include counterparty credit risk, the possibility
of an illiquid market, and that a change in the value of the contract or option may not correlate with changes in the value of the
underlying asset.
Upon entering into a futures contract, the Fund deposits cash or securities with the
broker, known as a futures commission merchant (FCM), in an amount sufficient to meet the initial margin requirement. The
initial margin deposit must be maintained at an established level over the life of the contract. Cash deposited as initial margin
is recorded in the Statement of Assets and Liabilities as margin deposits. Securities deposited as initial margin are designated
in the Portfolio of Investments. Subsequent payments (variation margin) are made or received by the Fund each day.
The variation margin payments are equal to the daily change in the contract value and are recorded as variation margin
receivable or payable and are offset in
Columbia Capital Allocation Portfolios | 2024
53
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
unrealized gains or losses. The Fund generally expects to earn interest income on
its margin deposits. The Fund recognizes a realized gain or loss when the contract is closed or expires. Futures contracts involve,
to varying degrees, risk of loss in excess of the variation margin disclosed in the Statement of Assets and Liabilities.
Effects of derivative transactions in the financial statements
The following tables are intended to provide additional information about the effect
of derivatives on the financial statements of the Funds, including: the fair value of derivatives by risk category and the location
of those fair values in the Statements of Assets and Liabilities; and the impact of derivative transactions over the period
in the Statements of Operations, including realized gains or losses and unrealized gains or losses. The derivative schedules
following the Portfolio of Investments present additional information regarding derivative instruments outstanding at the
end of the period, if any.
Columbia Capital Allocation Conservative Portfolio
The following table is a summary of the fair value of derivative instruments (not
considered to be hedging instruments for accounting disclosure purposes) at July 31, 2024:
|
|
Asset derivatives
|
|
|
Risk exposure
category
|
Statement
of assets and liabilities
location
|
Fair value ($)
|
|
Equity risk
|
Component of total distributable earnings (loss) — unrealized appreciation on futures contracts
|
58,239
*
|
|
Foreign exchange risk
|
Unrealized appreciation on forward foreign currency exchange contracts
|
115,111
|
|
Total
|
|
173,350
|
|
|
Liability derivatives
|
|
|
Risk exposure
category
|
Statement
of assets and liabilities
location
|
Fair value ($)
|
|
Equity risk
|
Component of total distributable earnings (loss) — unrealized depreciation on futures contracts
|
165,308
*
|
|
Foreign exchange risk
|
Unrealized depreciation on forward foreign currency exchange contracts
|
130,637
|
|
Interest rate risk
|
Component of total distributable earnings (loss) — unrealized depreciation on futures contracts
|
80,718
*
|
|
Total
|
|
376,663
|
|
*
|
Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of
Assets and Liabilities.
|
54
Columbia Capital Allocation Portfolios | 2024
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
The following table indicates the effect of derivative instruments (not considered
to be hedging instruments for accounting disclosure purposes) in the Statement of Operations for the six months ended July
31, 2024:
|
Amount of realized gain (loss) on derivatives recognized in income
|
|||
|
Risk exposure category
|
Forward
foreign
currency
exchange
contracts
($)
|
Futures
contracts
($)
|
Total
($)
|
|
Equity risk
|
—
|
721,806
|
721,806
|
|
Foreign exchange risk
|
(129,509
)
|
—
|
(129,509
)
|
|
Interest rate risk
|
—
|
(40,906
)
|
(40,906
)
|
|
Total
|
(129,509
)
|
680,900
|
551,391
|
|
|
|||
|
Change in unrealized appreciation (depreciation) on derivatives recognized in income
|
|||
|
Risk exposure category
|
Forward
foreign
currency
exchange
contracts
($)
|
Futures
contracts
($)
|
Total
($)
|
|
Equity risk
|
—
|
(283,071
)
|
(283,071
)
|
|
Foreign exchange risk
|
(15,526
)
|
—
|
(15,526
)
|
|
Interest rate risk
|
—
|
(80,718
)
|
(80,718
)
|
|
Total
|
(15,526
)
|
(363,789
)
|
(379,315
)
|
The following table is a summary of the average daily outstanding volume by derivative
instrument for the six months ended July 31, 2024:
|
Derivative instrument
|
Average notional
amounts ($)
|
|
Futures contracts — long
|
7,204,468
|
|
Futures contracts — short
|
5,781,069
|
|
Derivative instrument
|
Average unrealized
appreciation ($)
|
Average unrealized
depreciation ($)
|
|
Forward foreign currency exchange contracts
|
45,885
|
(59,254
)
|
Columbia Capital Allocation Moderate Conservative Portfolio
The following table is a summary of the fair value of derivative instruments (not
considered to be hedging instruments for accounting disclosure purposes) at July 31, 2024:
|
|
Asset derivatives
|
|
|
Risk exposure
category
|
Statement
of assets and liabilities
location
|
Fair value ($)
|
|
Equity risk
|
Component of total distributable earnings (loss) — unrealized appreciation on futures contracts
|
192,314
*
|
|
Foreign exchange risk
|
Unrealized appreciation on forward foreign currency exchange contracts
|
303,104
|
|
Total
|
|
495,418
|
Columbia Capital Allocation Portfolios | 2024
55
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
|
|
Liability derivatives
|
|
|
Risk exposure
category
|
Statement
of assets and liabilities
location
|
Fair value ($)
|
|
Equity risk
|
Component of total distributable earnings (loss) — unrealized depreciation on futures contracts
|
442,044
*
|
|
Foreign exchange risk
|
Unrealized depreciation on forward foreign currency exchange contracts
|
349,086
|
|
Interest rate risk
|
Component of total distributable earnings (loss) — unrealized depreciation on futures contracts
|
175,353
*
|
|
Total
|
|
966,483
|
|
*
|
Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of
Assets and Liabilities.
|
The following table indicates the effect of derivative instruments (not considered
to be hedging instruments for accounting disclosure purposes) in the Statement of Operations for the six months ended July
31, 2024:
|
Amount of realized gain (loss) on derivatives recognized in income
|
|||
|
Risk exposure category
|
Forward
foreign
currency
exchange
contracts
($)
|
Futures
contracts
($)
|
Total
($)
|
|
Equity risk
|
—
|
1,897,180
|
1,897,180
|
|
Foreign exchange risk
|
(341,076
)
|
—
|
(341,076
)
|
|
Interest rate risk
|
—
|
(87,267
)
|
(87,267
)
|
|
Total
|
(341,076
)
|
1,809,913
|
1,468,837
|
|
|
|||
|
Change in unrealized appreciation (depreciation) on derivatives recognized in income
|
|||
|
Risk exposure category
|
Forward
foreign
currency
exchange
contracts
($)
|
Futures
contracts
($)
|
Total
($)
|
|
Equity risk
|
—
|
(583,589
)
|
(583,589
)
|
|
Foreign exchange risk
|
(45,982
)
|
—
|
(45,982
)
|
|
Interest rate risk
|
—
|
(175,353
)
|
(175,353
)
|
|
Total
|
(45,982
)
|
(758,942
)
|
(804,924
)
|
The following table is a summary of the average daily outstanding volume by derivative
instrument for the six months ended July 31, 2024:
|
Derivative instrument
|
Average notional
amounts ($)
|
|
Futures contracts — long
|
20,372,214
|
|
Futures contracts — short
|
14,742,920
|
|
Derivative instrument
|
Average unrealized
appreciation ($)
|
Average unrealized
depreciation ($)
|
|
Forward foreign currency exchange contracts
|
120,980
|
(156,782
)
|
56
Columbia Capital Allocation Portfolios | 2024
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
Columbia Capital Allocation Moderate Portfolio
The following table is a summary of the fair value of derivative instruments (not
considered to be hedging instruments for accounting disclosure purposes) at July 31, 2024:
|
|
Asset derivatives
|
|
|
Risk exposure
category
|
Statement
of assets and liabilities
location
|
Fair value ($)
|
|
Equity risk
|
Component of total distributable earnings (loss) — unrealized appreciation on futures contracts
|
713,643
*
|
|
Foreign exchange risk
|
Unrealized appreciation on forward foreign currency exchange contracts
|
1,135,871
|
|
Total
|
|
1,849,514
|
|
|
Liability derivatives
|
|
|
Risk exposure
category
|
Statement
of assets and liabilities
location
|
Fair value ($)
|
|
Equity risk
|
Component of total distributable earnings (loss) — unrealized depreciation on futures contracts
|
1,681,678
*
|
|
Foreign exchange risk
|
Unrealized depreciation on forward foreign currency exchange contracts
|
1,307,796
|
|
Total
|
|
2,989,474
|
|
*
|
Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of
Assets and Liabilities.
|
The following table indicates the effect of derivative instruments (not considered
to be hedging instruments for accounting disclosure purposes) in the Statement of Operations for the six months ended July
31, 2024:
|
Amount of realized gain (loss) on derivatives recognized in income
|
|||
|
Risk exposure category
|
Forward
foreign
currency
exchange
contracts
($)
|
Futures
contracts
($)
|
Total
($)
|
|
Equity risk
|
—
|
7,045,527
|
7,045,527
|
|
Foreign exchange risk
|
(1,276,062
)
|
—
|
(1,276,062
)
|
|
Interest rate risk
|
—
|
(355,389
)
|
(355,389
)
|
|
Total
|
(1,276,062
)
|
6,690,138
|
5,414,076
|
|
|
|||
|
Change in unrealized appreciation (depreciation) on derivatives recognized in income
|
|||
|
Risk exposure category
|
Forward
foreign
currency
exchange
contracts
($)
|
Futures
contracts
($)
|
Total
($)
|
|
Equity risk
|
—
|
(2,180,267
)
|
(2,180,267
)
|
|
Foreign exchange risk
|
(171,925
)
|
—
|
(171,925
)
|
|
Interest rate risk
|
—
|
(698,311
)
|
(698,311
)
|
|
Total
|
(171,925
)
|
(2,878,578
)
|
(3,050,503
)
|
The following table is a summary of the average daily outstanding volume by derivative
instrument for the six months ended July 31, 2024:
|
Derivative instrument
|
Average notional
amounts ($)
|
|
Futures contracts — long
|
86,521,817
|
|
Futures contracts — short
|
42,819,174
|
Columbia Capital Allocation Portfolios | 2024
57
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
|
Derivative instrument
|
Average unrealized
appreciation ($)
|
Average unrealized
depreciation ($)
|
|
Forward foreign currency exchange contracts
|
453,315
|
(587,208
)
|
Columbia Capital Allocation Moderate Aggressive Portfolio
The following table is a summary of the fair value of derivative instruments (not
considered to be hedging instruments for accounting disclosure purposes) at July 31, 2024:
|
|
Asset derivatives
|
|
|
Risk exposure
category
|
Statement
of assets and liabilities
location
|
Fair value ($)
|
|
Equity risk
|
Component of total distributable earnings (loss) — unrealized appreciation on futures contracts
|
1,238,631
*
|
|
Foreign exchange risk
|
Unrealized appreciation on forward foreign currency exchange contracts
|
2,067,434
|
|
Total
|
|
3,306,065
|
|
|
Liability derivatives
|
|
|
Risk exposure
category
|
Statement
of assets and liabilities
location
|
Fair value ($)
|
|
Equity risk
|
Component of total distributable earnings (loss) — unrealized depreciation on futures contracts
|
3,061,835
*
|
|
Foreign exchange risk
|
Unrealized depreciation on forward foreign currency exchange contracts
|
2,406,796
|
|
Total
|
|
5,468,631
|
|
*
|
Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of
Assets and Liabilities.
|
The following table indicates the effect of derivative instruments (not considered
to be hedging instruments for accounting disclosure purposes) in the Statement of Operations for the six months ended July
31, 2024:
|
Amount of realized gain (loss) on derivatives recognized in income
|
|||
|
Risk exposure category
|
Forward
foreign
currency
exchange
contracts
($)
|
Futures
contracts
($)
|
Total
($)
|
|
Equity risk
|
—
|
12,540,782
|
12,540,782
|
|
Foreign exchange risk
|
(2,319,081
)
|
—
|
(2,319,081
)
|
|
Interest rate risk
|
—
|
(548,340
)
|
(548,340
)
|
|
Total
|
(2,319,081
)
|
11,992,442
|
9,673,361
|
|
|
|||
|
Change in unrealized appreciation (depreciation) on derivatives recognized in income
|
|||
|
Risk exposure category
|
Forward
foreign
currency
exchange
contracts
($)
|
Futures
contracts
($)
|
Total
($)
|
|
Equity risk
|
—
|
(3,877,223
)
|
(3,877,223
)
|
|
Foreign exchange risk
|
(339,362
)
|
—
|
(339,362
)
|
|
Interest rate risk
|
—
|
(1,077,596
)
|
(1,077,596
)
|
|
Total
|
(339,362
)
|
(4,954,819
)
|
(5,294,181
)
|
58
Columbia Capital Allocation Portfolios | 2024
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
The following table is a summary of the average daily outstanding volume by derivative
instrument for the six months ended July 31, 2024:
|
Derivative instrument
|
Average notional
amounts ($)
|
|
Futures contracts — long
|
153,086,060
|
|
Futures contracts — short
|
79,262,783
|
|
Derivative instrument
|
Average unrealized
appreciation ($)
|
Average unrealized
depreciation ($)
|
|
Forward foreign currency exchange contracts
|
825,807
|
(1,072,201
)
|
Columbia Capital Allocation Aggressive Portfolio
The following table is a summary of the fair value of derivative instruments (not
considered to be hedging instruments for accounting disclosure purposes) at July 31, 2024:
|
|
Asset derivatives
|
|
|
Risk exposure
category
|
Statement
of assets and liabilities
location
|
Fair value ($)
|
|
Equity risk
|
Component of total distributable earnings (loss) — unrealized appreciation on futures contracts
|
1,011,947
*
|
|
Foreign exchange risk
|
Unrealized appreciation on forward foreign currency exchange contracts
|
1,777,593
|
|
Total
|
|
2,789,540
|
|
|
Liability derivatives
|
|
|
Risk exposure
category
|
Statement
of assets and liabilities
location
|
Fair value ($)
|
|
Equity risk
|
Component of total distributable earnings (loss) — unrealized depreciation on futures contracts
|
2,592,847
*
|
|
Foreign exchange risk
|
Unrealized depreciation on forward foreign currency exchange contracts
|
2,079,974
|
|
Total
|
|
4,672,821
|
|
*
|
Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of
Assets and Liabilities.
|
Columbia Capital Allocation Portfolios | 2024
59
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
The following table indicates the effect of derivative instruments (not considered
to be hedging instruments for accounting disclosure purposes) in the Statement of Operations for the six months ended July
31, 2024:
|
Amount of realized gain (loss) on derivatives recognized in income
|
|||
|
Risk exposure category
|
Forward
foreign
currency
exchange
contracts
($)
|
Futures
contracts
($)
|
Total
($)
|
|
Equity risk
|
—
|
11,255,375
|
11,255,375
|
|
Foreign exchange risk
|
(1,991,693
)
|
—
|
(1,991,693
)
|
|
Interest rate risk
|
—
|
(958,538
)
|
(958,538
)
|
|
Total
|
(1,991,693
)
|
10,296,837
|
8,305,144
|
|
|
|||
|
Change in unrealized appreciation (depreciation) on derivatives recognized in income
|
|||
|
Risk exposure category
|
Forward
foreign
currency
exchange
contracts
($)
|
Futures
contracts
($)
|
Total
($)
|
|
Equity risk
|
—
|
(3,888,155
)
|
(3,888,155
)
|
|
Foreign exchange risk
|
(302,381
)
|
—
|
(302,381
)
|
|
Interest rate risk
|
—
|
(241,130
)
|
(241,130
)
|
|
Total
|
(302,381
)
|
(4,129,285
)
|
(4,431,666
)
|
The following table is a summary of the average daily outstanding volume by derivative
instrument for the six months ended July 31, 2024:
|
Derivative instrument
|
Average notional
amounts ($)
|
|
Futures contracts — long
|
127,887,890
|
|
Futures contracts — short
|
68,227,527
|
|
Derivative instrument
|
Average unrealized
appreciation ($)
|
Average unrealized
depreciation ($)
|
|
Forward foreign currency exchange contracts
|
710,314
|
(923,161
)
|
Offsetting of assets and liabilities
The following tables present each Fund’s gross and net amount of assets and liabilities available for offset under netting arrangements as well as any related collateral received or pledged by the Fund as
of July 31, 2024:
Columbia Capital Allocation Conservative Portfolio
|
|
HSBC ($)
|
Morgan
Stanley ($)
|
UBS ($)
|
Wells Fargo ($)
|
Total ($)
|
|
Assets
|
|
|
|
|
|
|
Forward foreign currency exchange contracts
|
-
|
-
|
115,111
|
-
|
115,111
|
|
Liabilities
|
|
|
|
|
|
|
Forward foreign currency exchange contracts
|
35,136
|
87,961
|
-
|
7,540
|
130,637
|
|
Total financial and derivative net assets
|
(35,136
)
|
(87,961
)
|
115,111
|
(7,540
)
|
(15,526
)
|
|
Total collateral received (pledged) (a)
|
-
|
-
|
-
|
-
|
-
|
|
Net amount (b)
|
(35,136
)
|
(87,961
)
|
115,111
|
(7,540
)
|
(15,526
)
|
|
(a)
|
In some instances, the actual collateral received and/or pledged may be more than
the amount shown due to overcollateralization.
|
|
(b)
|
Represents the net amount due from/(to) counterparties in the event of default.
|
60
Columbia Capital Allocation Portfolios | 2024
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
Columbia Capital Allocation Moderate Conservative Portfolio
|
|
HSBC ($)
|
Morgan
Stanley ($)
|
UBS ($)
|
Wells Fargo ($)
|
Total ($)
|
|
Assets
|
|
|
|
|
|
|
Forward foreign currency exchange contracts
|
-
|
-
|
303,104
|
-
|
303,104
|
|
Liabilities
|
|
|
|
|
|
|
Forward foreign currency exchange contracts
|
92,495
|
236,552
|
-
|
20,039
|
349,086
|
|
Total financial and derivative net assets
|
(92,495
)
|
(236,552
)
|
303,104
|
(20,039
)
|
(45,982
)
|
|
Total collateral received (pledged) (a)
|
-
|
-
|
-
|
-
|
-
|
|
Net amount (b)
|
(92,495
)
|
(236,552
)
|
303,104
|
(20,039
)
|
(45,982
)
|
|
(a)
|
In some instances, the actual collateral received and/or pledged may be more than
the amount shown due to overcollateralization.
|
|
(b)
|
Represents the net amount due from/(to) counterparties in the event of default.
|
Columbia Capital Allocation Moderate Portfolio
|
|
HSBC ($)
|
Morgan
Stanley ($)
|
UBS ($)
|
Wells Fargo ($)
|
Total ($)
|
|
Assets
|
|
|
|
|
|
|
Forward foreign currency exchange contracts
|
-
|
-
|
1,135,871
|
-
|
1,135,871
|
|
Liabilities
|
|
|
|
|
|
|
Forward foreign currency exchange contracts
|
346,632
|
886,438
|
-
|
74,726
|
1,307,796
|
|
Total financial and derivative net assets
|
(346,632
)
|
(886,438
)
|
1,135,871
|
(74,726
)
|
(171,925
)
|
|
Total collateral received (pledged) (a)
|
-
|
-
|
-
|
-
|
-
|
|
Net amount (b)
|
(346,632
)
|
(886,438
)
|
1,135,871
|
(74,726
)
|
(171,925
)
|
|
(a)
|
In some instances, the actual collateral received and/or pledged may be more than
the amount shown due to overcollateralization.
|
|
(b)
|
Represents the net amount due from/(to) counterparties in the event of default.
|
Columbia Capital Allocation Moderate Aggressive Portfolio
|
|
HSBC ($)
|
Morgan
Stanley ($)
|
UBS ($)
|
Wells
Fargo ($)
|
Total ($)
|
|
Assets
|
|
|
|
|
|
|
Forward foreign currency exchange contracts
|
-
|
-
|
2,067,434
|
-
|
2,067,434
|
|
Liabilities
|
|
|
|
|
|
|
Forward foreign currency exchange contracts
|
630,927
|
1,639,557
|
-
|
136,312
|
2,406,796
|
|
Total financial and derivative net assets
|
(630,927
)
|
(1,639,557
)
|
2,067,434
|
(136,312
)
|
(339,362
)
|
|
Total collateral received (pledged) (a)
|
-
|
-
|
-
|
-
|
-
|
|
Net amount (b)
|
(630,927
)
|
(1,639,557
)
|
2,067,434
|
(136,312
)
|
(339,362
)
|
|
(a)
|
In some instances, the actual collateral received and/or pledged may be more than
the amount shown due to overcollateralization.
|
|
(b)
|
Represents the net amount due from/(to) counterparties in the event of default.
|
Columbia Capital Allocation Aggressive Portfolio
|
|
HSBC ($)
|
Morgan
Stanley ($)
|
UBS ($)
|
Wells Fargo ($)
|
Total ($)
|
|
Assets
|
|
|
|
|
|
|
Forward foreign currency exchange contracts
|
-
|
-
|
1,777,593
|
-
|
1,777,593
|
|
Liabilities
|
|
|
|
|
|
|
Forward foreign currency exchange contracts
|
542,469
|
1,420,329
|
-
|
117,176
|
2,079,974
|
|
Total financial and derivative net assets
|
(542,469
)
|
(1,420,329
)
|
1,777,593
|
(117,176
)
|
(302,381
)
|
|
Total collateral received (pledged) (a)
|
-
|
-
|
-
|
-
|
-
|
|
Net amount (b)
|
(542,469
)
|
(1,420,329
)
|
1,777,593
|
(117,176
)
|
(302,381
)
|
Columbia Capital Allocation Portfolios | 2024
61
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
|
(a)
|
In some instances, the actual collateral received and/or pledged may be more than
the amount shown due to overcollateralization.
|
|
(b)
|
Represents the net amount due from/(to) counterparties in the event of default.
|
Security transactions
Security transactions are accounted for on the trade date. Cost is determined and
gains (losses) are based upon the specific identification method for both financial statement and federal income tax purposes.
Income recognition
The Funds may receive distributions from holdings in equity securities, business development
companies (BDCs), exchange-traded funds (ETFs), limited partnerships (LPs), other regulated investment
companies (RICs), and real estate investment trusts (REITs), which report information as to the tax character of their
distributions annually. These distributions are allocated to dividend income, capital gain and return of capital based on actual
information reported. Return of capital is recorded as a reduction of the cost basis of securities held. If the Fund no longer
owns the applicable securities, return of capital is recorded as a realized gain. With respect to REITs, to the extent actual
information has not yet been reported, estimates for return of capital are made by Columbia Management Investment Advisers,
LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). The Investment Manager’s estimates are subsequently adjusted when the actual character of the distributions is disclosed
by the REITs, which could result in a proportionate change in return of capital to shareholders.
Awards from class action litigation are recorded as a reduction of cost basis if the
Fund still owns the applicable securities on the payment date. If the Fund no longer owns the applicable securities on the payment
date, the proceeds are recorded as realized gains.
Income and capital gain distributions from the Underlying Funds, if any, are recorded
on the ex-dividend date.
Expenses
General expenses of the Trusts are allocated to the Funds and other funds of the Trusts
based upon relative net assets or other expense allocation methodologies determined by the nature of the expense. Expenses
directly attributable to a Fund are charged to that Fund. Expenses directly attributable to a specific class of shares
are charged to that share class.
Determination of class net asset value
All income, expenses (other than class-specific expenses which are charged directly
to that share class, as shown in the Statement of Operations) and realized and unrealized gains (losses) are allocated
to each class of a Fund on a daily basis, based on the relative net assets of each class, for purposes of determining the net
asset value of each class.
Federal income tax status
For federal income tax purposes, each Fund is treated as a separate entity. The Funds
intend to qualify each year as separate regulated investment companies under Subchapter M of the Internal Revenue
Code, as amended, and will distribute substantially all of their investment company taxable income and net capital gain,
if any, for their tax year, and as such will not be subject to federal income taxes. In addition, the Funds intend to distribute
in each calendar year substantially all of their ordinary income, capital gain net income and certain other amounts, if any,
such that the Funds should not be subject to federal excise tax. Therefore, no federal income or excise tax provisions are recorded.
Foreign taxes
The Funds may be subject to foreign taxes on income, gains on investments or currency
repatriation, a portion of which may be recoverable. The Fund will accrue such taxes and recoveries, as applicable, based
upon its current interpretation of tax rules and regulations that exist in the markets in which it invests.
Realized gains in certain countries may be subject to foreign taxes at the Fund level,
based on statutory rates. The Fund accrues for such foreign taxes on realized and unrealized gains at the appropriate
rate for each jurisdiction, as applicable. The amount, if any, is disclosed as a liability in the Statement of Assets and Liabilities.
62
Columbia Capital Allocation Portfolios | 2024
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
Distributions to shareholders
Distributions from net investment income, if any, are declared and paid quarterly
for Columbia Capital Allocation Conservative Portfolio, Columbia Capital Allocation Moderate Conservative Portfolio, Columbia Capital
Allocation Moderate Portfolio and Columbia Capital Allocation Moderate Aggressive Portfolio. Distributions from net
investment income, if any, are declared and paid semi-annually for Columbia Capital Allocation Aggressive Portfolio. Net realized
capital gains, if any, are distributed at least annually. Income distributions and capital gain distributions are determined
in accordance with federal income tax regulations, which may differ from GAAP.
Guarantees and indemnifications
Under the Trusts’ organizational documents and, in some cases, by contract, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trusts or its funds. In addition, certain of the Funds’ contracts with their service providers contain general indemnification clauses. The Funds’ maximum exposure under these arrangements is unknown since the amount of any future claims that may be made against
the Funds cannot be determined, and the Funds have no historical basis for predicting the likelihood of any such claims.
Note 3. Fees and other transactions with affiliates
Management services fees and underlying fund fees
The Funds have entered into a Management Agreement with Columbia Management Investment
Advisers, LLC (the Investment Manager). Under the Management Agreement, the Investment Manager provides
the Fund with investment research and advice, as well as administrative and accounting services. The management
services fee is an annual fee that is a blend of (i) 0.02% on assets invested in Columbia proprietary funds (excluding
any underlying funds that do not pay a management services fee (or investment advisory services fee, as applicable) to the
Investment Manager), (ii) 0.12% on assets invested in non-exchange-traded third-party advised mutual funds and (iii)
0.57% on assets invested in all other securities, including other funds advised by the Investment Manager that do not pay
a management services fee (or investment advisory services fee, as applicable), exchange-traded funds, derivatives
and individual securities.
The annualized effective management services fee rates, based on each Fund’s average daily net assets for the six months ended July 31, 2024 were as follows:
|
|
Effective management services fee rate (%)
|
|
Columbia Capital Allocation Conservative Portfolio
|
0.08
|
|
Columbia Capital Allocation Moderate Conservative Portfolio
|
0.05
|
|
Columbia Capital Allocation Moderate Portfolio
|
0.03
|
|
Columbia Capital Allocation Moderate Aggressive Portfolio
|
0.03
|
|
Columbia Capital Allocation Aggressive Portfolio
|
0.03
|
In addition to the fees and expenses which the Funds bear directly, the Funds indirectly
bear a pro rata share of the fees and expenses of the Underlying Funds in which the Funds invest. Because the Underlying
Funds have varied expense and fee levels and the Funds may own different proportions of Underlying Funds at different
times, the amount of fees and expenses incurred indirectly by the Funds will vary. These expenses are not reflected in the
expenses shown in Statement of Operations and are not included in the ratios to average net assets shown in the Financial
Highlights.
Compensation of Board members
Members of the Board of Trustees who are not officers or employees of the Investment
Manager or Ameriprise Financial are compensated for their services to the Funds as disclosed in the Statement of Operations.
Under a Deferred Compensation Plan (the Deferred Plan), these members of the Board of Trustees may elect to defer
payment of up to 100% of their compensation. Deferred amounts are treated as though equivalent dollar amounts had
been invested in shares of certain funds managed by the Investment Manager. Each Fund’s liability for these amounts is adjusted for market value changes and remains in the Funds until distributed in accordance with the Deferred Plan. All amounts
payable under the Deferred Plan
Columbia Capital Allocation Portfolios | 2024
63
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
constitute a general unsecured obligation of the Funds. The expense for the Deferred Plan, which includes Trustees’ fees deferred during the current period as well as any gains or losses on the Trustees’ deferred compensation balances as a result of market fluctuations, is included in "Deferred compensation of board members"
in the Statement of Operations.
Compensation of Chief Compliance Officer
The Board of Trustees has appointed a Chief Compliance Officer for the Funds in accordance
with federal securities regulations. As disclosed in the Statement of Operations, a portion of the Chief Compliance Officer’s total compensation is allocated to the Funds, along with other allocations to affiliated registered investment
companies managed by the Investment Manager and its affiliates, based on relative net assets.
Transfer agency fees
Under a Transfer and Dividend Disbursing Agent Agreement, Columbia Management Investment
Services Corp. (the Transfer Agent), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise
Financial, is responsible for providing transfer agency services to the Fund. The Transfer Agent has contracted
with SS&C GIDS, Inc. (SS&C GIDS) to serve as sub-transfer agent. The Transfer Agent pays the fees of SS&C GIDS for services
as sub-transfer agent and SS&C GIDS is not entitled to reimbursement for such fees from the Fund (with the exception
of out-of-pocket fees).
The Fund pays the Transfer Agent a monthly transfer agency fee based on the number
or the average value of accounts, depending on the type of account. In addition, the Fund pays the Transfer Agent a
fee for shareholder services based on the number of accounts or on a percentage of the average aggregate value of the Fund’s shares maintained in omnibus accounts up to the lesser of the amount charged by the financial intermediary or a cap established
by the Board of Trustees from time to time.
The Transfer Agent also receives compensation from the Fund for various shareholder
services and reimbursements for certain out-of-pocket fees. Total transfer agency fees for Institutional 2 Class and
Institutional 3 Class shares are subject to an annual limitation of not more than 0.07% and 0.02%, respectively, of the average
daily net assets attributable to each share class. As a result of Institutional 2 Class shares being liquidated, April 19,
2024 was the last day the following Funds paid a transfer agency fee for Institutional 2 Class shares: Columbia Capital Allocation
Conservative Portfolio, Columbia Capital Allocation Moderate Conservative Portfolio, Columbia Capital Allocation Moderate
Portfolio, Columbia Capital Allocation Moderate Aggressive Portfolio and Columbia Capital Allocation Aggressive
Portfolio. As a result of Institutional 3 Class shares being liquidated, April 19, 2024 was the last day the following Funds
paid a transfer agency fee for Institutional 3 Class shares: Columbia Capital Allocation Conservative Portfolio and Columbia Capital
Allocation Moderate Conservative Portfolio.
For the six months ended July 31, 2024, the Funds’ annualized effective transfer agency fee rates as a percentage of average daily net assets of each class were as follows:
|
Fund
|
Class A
(%)
|
Advisor
Class (%)
|
Class C
(%)
|
Institutional
Class (%)
|
Institutional 2
Class (%)
|
Institutional 3
Class (%)
|
Class R
(%)
|
|
Columbia Capital Allocation Conservative Portfolio
|
0.09
|
0.09
|
0.09
|
0.09
|
0.02
(a)
|
0.00
(a)
|
0.02
(a)
|
|
Columbia Capital Allocation Moderate Conservative Portfolio
|
0.08
|
0.08
|
0.08
|
0.08
|
0.02
(a)
|
0.00
(a)
|
0.08
|
|
Columbia Capital Allocation Moderate Portfolio
|
0.07
|
0.07
|
0.07
|
0.07
|
0.01
(a)
|
0.01
|
0.02
(a)
|
|
Columbia Capital Allocation Moderate Aggressive Portfolio
|
0.09
|
0.09
|
0.09
|
0.09
|
0.02
(a)
|
0.01
|
0.09
|
|
Columbia Capital Allocation Aggressive Portfolio
|
0.08
|
0.08
|
0.08
|
0.08
|
0.02
(a)
|
0.01
|
0.08
|
|
(a)
|
Unannualized.
|
An annual minimum account balance fee of $20 may apply to certain accounts with a
value below the applicable share class’s initial minimum investment requirements to reduce the impact of small accounts on transfer agency fees. These minimum account balance fees are remitted to the Funds and recorded as part of expense
reductions in the Statement of Operations. For the six months ended July 31, 2024, no minimum account balance fees
were charged by the Funds.
64
Columbia Capital Allocation Portfolios | 2024
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
Distribution and service fees
The Funds have entered into an agreement with Columbia Management Investment Distributors,
Inc. (the Distributor), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial,
for distribution and shareholder services. The Board of Trustees has approved and the Fund has adopted, distribution
and shareholder service plans (the Plans) applicable to certain share classes, which set the distribution and service
fees for the Fund. These fees are calculated daily and are intended to compensate the Distributor and/or eligible selling and/or
servicing agents for selling shares of the Funds and providing services to investors.
Under the Plans, each Fund pays a monthly fee to the Distributor at the annual rates of up to 0.25% of each Fund’s average daily net assets attributable to Class A shares, up to 1.00% of each Fund’s average daily net assets attributable to Class C shares and up to 0.50% of each Fund’s average daily net assets attributable to Class R shares (of which up to 0.25% may be used for shareholder services for Columbia Capital Allocation Conservative Portfolio,
Columbia Capital Allocation Moderate Portfolio and Columbia Capital Allocation Aggressive Portfolio). As a result of Class
R shares of Columbia Capital Allocation Conservative Portfolio and Columbia Capital Allocation Moderate Portfolio being liquidated,
April 19, 2024 was the last day Columbia Capital Allocation Conservative Portfolio and Columbia Capital Allocation
Moderate Portfolio paid a distribution and service fee for Class R shares.
For Class C shares of the Funds, of 1.00% fee, up to 0.75% is reimbursed for distribution
expenses.
The amount of distribution expenses incurred by the Distributor and not yet reimbursed
(unreimbursed expense) for each Fund was approximately as follows:
|
Fund
|
Class C ($)
|
|
Columbia Capital Allocation Conservative Portfolio
|
307,000
|
|
Columbia Capital Allocation Moderate Portfolio
|
1,426,000
|
|
Columbia Capital Allocation Aggressive Portfolio
|
1,904,000
|
These amounts are based on the most recent information available as of June 30, 2024,
and may be recovered from future payments under the distribution plan or contingent deferred sales charges (CDSCs).
To the extent the unreimbursed expense has been fully recovered, the distribution fee is reduced.
Sales charges
Sales charges, including front-end and CDSCs, received by the Distributor for distributing each Fund’s shares for the six months ended July 31, 2024, if any, are as follows:
|
|
Front End (%)
|
CDSC (%)
|
CDSC (%)
|
Amount ($)
|
||
|
Fund
|
Class A
|
Class C
|
Class A
|
Class C
|
Class A
|
Class C
|
|
Columbia Capital Allocation Conservative Portfolio
|
4.75
|
—
|
0.50 - 1.00
(a)
|
1.00
(b)
|
19,516
|
100
|
|
Columbia Capital Allocation Moderate Conservative Portfolio
|
5.75
|
—
|
0.50 - 1.00
(a)
|
1.00
(b)
|
46,237
|
581
|
|
Columbia Capital Allocation Moderate Portfolio
|
5.75
|
—
|
0.50 - 1.00
(a)
|
1.00
(b)
|
243,676
|
2,026
|
|
Columbia Capital Allocation Moderate Aggressive Portfolio
|
5.75
|
—
|
0.50 - 1.00
(a)
|
1.00
(b)
|
336,813
|
5,639
|
|
Columbia Capital Allocation Aggressive Portfolio
|
5.75
|
—
|
0.50 - 1.00
(a)
|
1.00
(b)
|
355,984
|
4,005
|
|
(a)
|
This charge is imposed on certain investments of between $1 million and $50 million
redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12
months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after
purchase, with certain limited exceptions.
|
|
(b)
|
This charge applies to redemptions within 12 months after purchase, with certain limited
exceptions.
|
The Funds’ other share classes are not subject to sales charges.
Columbia Capital Allocation Portfolios | 2024
65
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
Expenses waived/reimbursed by the Investment Manager and its affiliates
The Investment Manager and certain of its affiliates have contractually agreed to
waive fees and/or reimburse expenses (excluding certain fees and expenses described below) for the period(s) disclosed
below, unless sooner terminated at the sole discretion of the Board of Trustees, so that each Fund’s net operating expenses, after giving effect to fees waived/expenses reimbursed and any balance credits and/or overdraft charges from the Funds’ custodian, do not exceed the following annual rate(s) as a percentage of the classes’ average daily net assets:
|
|
June 1, 2024 through May 31, 2025
|
|||||
|
Fund
|
Class A
(%)
|
Advisor
Class (%)
|
Class C
(%)
|
Institutional
Class (%)
|
Institutional 3
Class (%)
|
Class R
(%)
|
|
Columbia Capital Allocation Conservative Portfolio
|
0.54
|
0.29
|
1.29
|
0.29
|
N/A
|
N/A
|
|
Columbia Capital Allocation Moderate Conservative Portfolio
|
0.54
|
0.29
|
1.29
|
0.29
|
N/A
|
0.79
|
|
Columbia Capital Allocation Moderate Portfolio
|
0.54
|
0.29
|
1.29
|
0.29
|
0.23
|
N/A
|
|
Columbia Capital Allocation Moderate Aggressive Portfolio
|
0.46
|
0.21
|
1.21
|
0.21
|
0.13
|
0.71
|
|
Columbia Capital Allocation Aggressive Portfolio
|
0.51
|
0.26
|
1.26
|
0.26
|
0.19
|
0.76
|
|
|
Prior to June 1, 2024
|
|||||
|
Fund
|
Class A
(%)
|
Advisor
Class (%)
|
Class C
(%)
|
Institutional
Class (%)
|
Institutional 3
Class (%)
|
Class R
(%)
|
|
Columbia Capital Allocation Conservative Portfolio
|
0.54
|
0.29
|
1.29
|
0.29
|
N/A
|
N/A
|
|
Columbia Capital Allocation Moderate Conservative Portfolio
|
0.54
|
0.29
|
1.29
|
0.29
|
N/A
|
0.79
|
|
Columbia Capital Allocation Moderate Portfolio
|
0.54
|
0.29
|
1.29
|
0.29
|
0.22
|
N/A
|
|
Columbia Capital Allocation Moderate Aggressive Portfolio
|
0.46
|
0.21
|
1.21
|
0.21
|
0.12
|
0.71
|
|
Columbia Capital Allocation Aggressive Portfolio
|
0.51
|
0.26
|
1.26
|
0.26
|
0.18
|
0.76
|
Under the agreement governing these fee waivers and/or expense reimbursement arrangements,
the following fees and expenses are excluded from the waiver/reimbursement commitment, and therefore will
be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with
investments in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction
costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated
with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed
money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses
the exclusion of which is specifically approved by the Board of Trustees. Each Fund’s management services fee is also excluded from the waiver/reimbursement commitment and is therefore paid by the Funds. This agreement
may be modified or amended only with approval from the Investment Manager, certain of its affiliates and the Fund.
Any fees waived and/or expenses reimbursed under the expense reimbursement arrangements described above are not recoverable
by the Investment Manager or its affiliates in future periods.
Note 4. Federal tax information
The timing and character of income and capital gain distributions are determined in
accordance with income tax regulations, which may differ from GAAP because of temporary or permanent book to tax differences.
At July 31, 2024, the approximate cost of all investments for federal income tax purposes
and the aggregate gross approximate unrealized appreciation and depreciation based on that cost was:
|
Fund
|
Tax cost ($)
|
Gross
unrealized
appreciation ($)
|
Gross
unrealized
(depreciation) ($)
|
Net unrealized
appreciation
(depreciation) ($)
|
|
Columbia Capital Allocation Conservative Portfolio
|
171,625,000
|
3,813,000
|
(14,292,000
)
|
(10,479,000
)
|
|
Columbia Capital Allocation Moderate Conservative Portfolio
|
359,207,000
|
16,911,000
|
(30,360,000
)
|
(13,449,000
)
|
|
Columbia Capital Allocation Moderate Portfolio
|
1,088,123,000
|
73,665,000
|
(84,824,000
)
|
(11,159,000
)
|
|
Columbia Capital Allocation Moderate Aggressive Portfolio
|
1,633,370,000
|
162,937,000
|
(88,228,000
)
|
74,709,000
|
|
Columbia Capital Allocation Aggressive Portfolio
|
1,126,691,000
|
178,443,000
|
(11,529,000
)
|
166,914,000
|
66
Columbia Capital Allocation Portfolios | 2024
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
Tax cost of investments and unrealized appreciation/(depreciation) may also include
timing differences that do not constitute adjustments to tax basis.
The following capital loss carryforwards, determined at January 31, 2024, may be available
to reduce future net realized gains on investments, if any, to the extent permitted by the Internal Revenue Code.
|
Fund
|
No expiration
short-term ($)
|
No expiration
long-term ($)
|
Total ($)
|
|
Columbia Capital Allocation Conservative Portfolio
|
(816,927
)
|
(3,985,857
)
|
(4,802,784
)
|
|
Columbia Capital Allocation Moderate Conservative Portfolio
|
(2,106,759
)
|
(5,425,282
)
|
(7,532,041
)
|
Under current tax rules, regulated investment companies can elect to treat certain
late-year ordinary losses incurred and post-October capital losses (capital losses realized after October 31) as arising
on the first day of the following taxable year. The Funds will elect to treat the following late-year ordinary losses and post-October
capital losses at January 31, 2024 as arising on February 1, 2024.
|
Fund
|
Late year
ordinary losses ($)
|
Post-October
capital losses ($)
|
|
Columbia Capital Allocation Aggressive Portfolio
|
—
|
2,315,577
|
Management of the Funds has concluded that there are no significant uncertain tax
positions in the Funds that would require recognition in the financial statements. However, management’s conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, new tax laws, regulations,
and administrative interpretations (including relevant court decisions). Generally, the Funds’ federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.
Note 5. Portfolio information
For the six months ended July 31, 2024, the cost of purchases and proceeds from sales
of securities, excluding short-term investments and derivatives, if any, for each Fund aggregated to:
|
|
Purchases
($)
|
Proceeds
from sales
($)
|
|
Columbia Capital Allocation Conservative Portfolio
|
3,650,522
|
17,138,765
|
|
Columbia Capital Allocation Moderate Conservative Portfolio
|
6,119,831
|
28,006,241
|
|
Columbia Capital Allocation Moderate Portfolio
|
17,917,265
|
92,909,781
|
|
Columbia Capital Allocation Moderate Aggressive Portfolio
|
22,623,158
|
120,781,719
|
|
Columbia Capital Allocation Aggressive Portfolio
|
18,038,367
|
76,525,029
|
The amount of purchase and sale activity impacts the portfolio turnover rate reported
in the Financial Highlights.
Note 6. Affiliated money market fund
Each Fund may invest in Columbia Short-Term Cash Fund, an affiliated money market
fund established for the exclusive use by each Fund and other affiliated funds (the Affiliated MMF). The income earned by
the Funds from such investments is included as Dividends - affiliated issuers in the Statement of Operations. As an investing
fund, each Fund indirectly bears its proportionate share of the expenses of the Affiliated MMF. The Affiliated MMF prices
its shares with a floating net asset value. The Securities and Exchange Commission has adopted amendments to money market
fund rules requiring institutional prime money market funds like the Affiliated MMF to be subject to a discretionary
liquidity fee of up to 2% if the imposition of such a fee is determined to be in the best interest of the Affiliated MMF and, by
October 2, 2024, to a mandatory liquidity fee if daily net redemptions exceed 5% of net assets.
Columbia Capital Allocation Portfolios | 2024
67
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
Note 7. Interfund lending
Pursuant to an exemptive order granted by the Securities and Exchange Commission,
each Fund participates in a program (the Interfund Program) allowing each participating Columbia Fund (each, a Participating
Fund) to lend money directly to and, except for closed-end funds and money market funds, borrow money directly from other
Participating Funds for temporary purposes. The amounts eligible for borrowing and lending under the Interfund Program
are subject to certain restrictions.
Interfund loans are subject to the risk that the borrowing fund could be unable to
repay the loan when due, and a delay in repayment to the lending fund could result in lost opportunities and/or additional
lending costs. The exemptive order is subject to conditions intended to mitigate conflicts of interest arising from the Investment Manager’s relationship with each Participating Fund.
The Funds did not borrow or lend money under the Interfund Program during the six
months ended July 31, 2024.
Note 8. Line of credit
Each Fund has access to a revolving credit facility with a syndicate of banks led
by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. whereby the Fund may borrow for the temporary funding of
shareholder redemptions or for other temporary or emergency purposes. Pursuant to an October 26, 2023 amendment and restatement,
the credit facility, which is an agreement between the Fund and certain other funds managed by the Investment Manager
or an affiliated investment manager, severally and not jointly, permits aggregate borrowings up to $900 million.
Interest is currently charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the
federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate plus,
in each case, 1.00%. Each borrowing under the credit facility matures no later than 60 days after the date of borrowing. The
Fund also pays a commitment fee equal to its pro rata share of the unused amount of the credit facility at a rate of 0.15%
per annum. The commitment fee is included in other expenses in the Statement of Operations. This agreement expires annually in
October unless extended or renewed. Prior to the October 26, 2023 amendment and restatement, each Fund had access to a
revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo
Bank, N.A. which permitted collective borrowings up to $950 million. Interest was charged to each participating fund based
on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing
rate plus 0.10% and (iii) the overnight bank funding rate plus, in each case, 1.00%.
No Fund had borrowings during the six months ended July 31, 2024.
Note 9. Significant risks
Derivatives risk
Columbia Capital Allocation Conservative Portfolio, Columbia Capital Allocation Moderate
Conservative Portfolio, Columbia Capital Allocation Moderate Portfolio, Columbia Capital Allocation Moderate Aggressive
Portfolio and Columbia Capital Allocation Aggressive Portfolio may be more susceptible to derivatives risk. Losses
involving derivative instruments may be substantial, because a relatively small movement in the underlying reference (which
is generally the price, rate or other economic indicator associated with a security(ies), commodity, currency, index or
other instrument or asset) may result in a substantial loss for the Fund. In addition to the potential for increased losses,
the use of derivative instruments may lead to increased volatility within the Fund. Derivatives will typically increase the Fund’s exposure to principal risks to which it is otherwise exposed, and may expose the Fund to additional risks, including correlation
risk, counterparty risk, hedging risk, leverage risk, liquidity risk and pricing risk.
Market risk
The Funds may incur losses due to declines in the value of one or more securities
in which they invest. These declines may be due to factors affecting a particular issuer, or the result of, among other things,
political, regulatory, market, economic or social developments affecting the relevant market(s) more generally. In addition,
turbulence in financial markets and reduced liquidity in equity, credit and/or fixed income markets may negatively affect many
issuers, which could adversely affect the Funds’ ability to price or value hard-to-value assets in thinly traded and closed markets and could cause significant redemptions and operational challenges. Global economies and financial markets are
increasingly interconnected, and
68
Columbia Capital Allocation Portfolios | 2024
Notes to Financial Statements (continued)
July 31, 2024 (Unaudited)
conditions and events in one country, region or financial market may adversely impact
issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely
interrupt the global supply chain; in these and other circumstances, such risks might affect companies worldwide. As
a result, local, regional or global events such as terrorism, war, other conflicts, natural disasters, disease/virus outbreaks
and epidemics or other public health issues, recessions, depressions or other events – or the potential for such events – could have a significant negative impact on global economic and market conditions.
Shareholder concentration risk
At July 31, 2024, certain shareholder accounts owned more than 20% of the outstanding
shares of one or more of the Funds. For unaffiliated shareholder accounts, the Funds have no knowledge about whether any
portion of those shares were owned beneficially. Fund shares sold to or redeemed by these accounts may have a significant
effect on the operations of the Funds. In the case of a large redemption, the Fund may be forced to sell investments
at inopportune times, including its liquid positions, which may result in Fund losses and the Fund holding a higher percentage
of less liquid positions. Large redemptions could result in decreased economies of scale and increased operating expenses
for non-redeeming Fund shareholders.
The number of accounts and aggregate percentages of shares outstanding held therein
were as follows:
|
Fund
|
Percentage of
shares
outstanding
held —
affiliated (%)
|
|
Columbia Capital Allocation Conservative Portfolio
|
74.7
|
|
Columbia Capital Allocation Moderate Conservative Portfolio
|
79.7
|
|
Columbia Capital Allocation Moderate Portfolio
|
85.2
|
|
Columbia Capital Allocation Moderate Aggressive Portfolio
|
56.9
|
|
Columbia Capital Allocation Aggressive Portfolio
|
70.1
|
Note 10. Subsequent events
Management has evaluated the events and transactions that have occurred through the
date the financial statements were issued. Other than as noted in Note 1 above, there were no items requiring adjustment
of the financial statements or additional disclosure.
Note 11. Information regarding pending and settled legal proceedings
Ameriprise Financial and certain of its affiliates are involved in the normal course
of business in legal proceedings which include regulatory inquiries, arbitration and litigation, including class actions
concerning matters arising in connection with the conduct of their activities as part of a diversified financial services firm.
Ameriprise Financial believes that the Funds are not currently the subject of, and that neither Ameriprise Financial nor any of its
affiliates are the subject of, any pending legal, arbitration or regulatory proceedings that are likely to have a material adverse effect
on the Funds or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Funds. Ameriprise
Financial is required to make quarterly (10-Q), annual (10-K) and, as necessary, 8-K filings with the Securities and Exchange
Commission (SEC) on legal and regulatory matters that relate to Ameriprise Financial and its affiliates. Copies
of these filings may be obtained by accessing the SEC website at www.sec.gov.
There can be no assurance that these matters, or the adverse publicity associated
with them, will not result in increased Fund redemptions, reduced sale of Fund shares or other adverse consequences to the
Funds. Further, although we believe proceedings are not likely to have a material adverse effect on the Funds or the ability
of Ameriprise Financial or its affiliates to perform under their contracts with the Funds, these proceedings are subject to
uncertainties and, as such, we are unable to estimate the possible loss or range of loss that may result. An adverse outcome
in one or more of these proceedings could result in adverse judgments, settlements, fines, penalties or other relief that
could have a material adverse effect on the consolidated financial condition or results of operations of Ameriprise Financial
or one or more of its affiliates that provide services to the Funds.
Columbia Capital Allocation Portfolios | 2024
69
Approval of Management Agreements
(Unaudited)
Columbia Management Investment Advisers, LLC (the Investment Manager, and together
with its domestic and global affiliates, Columbia Threadneedle Investments), a wholly-owned subsidiary of Ameriprise
Financial, Inc. (Ameriprise Financial), serves as the investment manager to Columbia Capital Allocation Conservative Portfolio,
Columbia Capital Allocation Moderate Conservative Portfolio, Columbia Capital Allocation Moderate Portfolio, Columbia
Capital Allocation Moderate Aggressive Portfolio, and Columbia Capital Allocation Aggressive Portfolio (each,
a Fund, and collectively, the Funds). Under management agreements (the Management Agreements), the Investment Manager provides
investment advice and other services to the Funds and other funds distributed by Columbia Management Investment
Distributors, Inc. (collectively, the Columbia Funds).
On an annual basis, the Funds’ Board of Trustees (the Board), including the independent Board members (the Independent Trustees), considers renewal of the Management Agreements. The Investment Manager
prepared detailed reports for the Board and its Contracts Committee (including its Contracts Subcommittee) in March,
April, May and June 2024, including reports providing the results of analyses performed by a third-party data provider,
Broadridge Financial Solutions, Inc. (Broadridge), and comprehensive responses by the Investment Manager to written requests
for information by independent legal counsel to the Independent Trustees (Independent Legal Counsel), to assist the
Board in making this determination. In addition, throughout the year, the Board (or its committees or subcommittees) regularly
meets with portfolio management teams and senior management personnel and reviews information prepared by the Investment
Manager addressing the services the Investment Manager provides and the Funds’ performance. The Board also accords appropriate weight to the work, deliberations and conclusions of the various committees (including their subcommittees),
such as the Contracts Committee, the Investment Review Committee, the Audit Committee and the Compliance
Committee in determining whether to continue the Management Agreements.
The Board, at its June 27, 2024 Board meeting (the June Meeting), considered the renewal
of each Management Agreement for an additional one-year term. At the June Meeting, Independent Legal Counsel reviewed
with the Independent Trustees various factors relevant to the Board’s consideration of advisory agreements and the Board’s legal responsibilities related to such consideration. The Independent Trustees considered such information as they,
their legal counsel or the Investment Manager believed reasonably necessary to evaluate and to approve the continuation
of each of the Management Agreements. Among other things, the information and factors considered included the
following:
•
Information on the investment performance of the Funds relative to the performance
of a group of mutual funds determined to be comparable to the Funds by Broadridge, as well as performance relative
to one or more benchmarks;
•
Information on the Funds’ management fees and total expenses, including information comparing the Funds’ expenses to those of a group of comparable mutual funds, as determined by Broadridge;
•
The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Funds so that total operating expenses (excluding certain fees and expenses, such as transaction costs
and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent
and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Funds’ net assets;
•
Terms of the Management Agreements;
•
Descriptions of other agreements and arrangements with affiliates of the Investment
Manager relating to the operations of the Funds, including agreements with respect to the provision of transfer agency
and shareholder services to the Funds;
•
Descriptions of various services performed by the Investment Manager under the Management
Agreements, including portfolio management and portfolio trading practices;
•
Information regarding any recently negotiated management fees of similarly-managed
portfolios of other institutional clients of the Investment Manager;
•
Information regarding the resources of the Investment Manager, including information
regarding senior management, portfolio managers and other personnel;
•
Information regarding the capabilities of the Investment Manager with respect to compliance
monitoring services;
70
Columbia Capital Allocation Portfolios | 2024
Approval of Management Agreements (continued)
(Unaudited)
•
The profitability to the Investment Manager and its affiliates from their relationships
with the Funds; and
•
Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL).
Following an analysis and discussion of the foregoing, and the factors identified
below, the Board, including all of the Independent Trustees, approved the renewal of each of the Management Agreements.
Nature, extent and quality of services provided by the Investment Manager
The Board analyzed various reports and presentations it had received detailing the
services performed by the Investment Manager, as well as its history, expertise, resources and relative capabilities, and
the qualifications of its personnel.
The Board specifically considered the many developments during recent years concerning
the services provided by the Investment Manager. Among other things, the Board noted the organization and depth
of the equity and credit research departments. The Board further observed the enhancements to the investment risk management department’s processes, systems and oversight over the past several years. The Board also took into account
the broad scope of services provided by the Investment Manager to the Funds, including, among other services, investment,
risk and compliance oversight. The Board also took into account the information it received concerning the Investment Manager’s ability to attract and retain key portfolio management personnel and that it has sufficient resources to provide competitive
and adequate compensation to investment personnel.
In connection with the Board’s evaluation of the overall package of services provided by the Investment Manager, the Board also considered the nature, quality and range of administrative services provided
to the Funds by the Investment Manager, as well as the achievements in 2023 in the performance of administrative services, and
noted the various enhancements anticipated for 2024. In evaluating the quality of services provided under the Management
Agreements, the Board also took into account the organization and strength of the Funds and their service providers’ compliance programs. The Board also reviewed the financial condition of the Investment Manager and its affiliates and each entity’s ability to carry out its responsibilities under the Management Agreements and the Funds’ other service agreements.
In addition, the Board discussed the acceptability of the terms of the Management
Agreements, noting that no changes were proposed from the form of agreement previously approved. The Board also noted the
wide array of legal and compliance services provided to the Funds under the Management Agreements.
After reviewing these and related factors (including investment performance as discussed
below), the Board concluded, within the context of their overall conclusions, that the nature, extent and quality
of the services provided to the Funds under the Management Agreements supported the continuation of each of the Management Agreements.
Investment performance
The Board carefully reviewed the investment performance of the Funds, including detailed
reports providing the results of analyses performed by each of the Investment Manager, Broadridge and JDL collectively
showing, for various periods (including since manager inception): (i) the performance of the Funds, (ii) the Funds’ performance relative to peers and benchmarks and (iii) the net assets of the Funds. With respect to Columbia Capital
Allocation Conservative Portfolio, the Board observed that Fund performance was well within the range of that of its peers.
With respect to Columbia Capital Allocation Moderate Conservative Portfolio, Columbia Capital Allocation Moderate Portfolio,
Columbia Capital Allocation Moderate Aggressive Portfolio, and Columbia Capital Allocation Aggressive Portfolio, the Board observed that each Fund’s performance for certain periods ranked above median based on information provided
by Broadridge.
The Board also reviewed a description of the methodology for identifying the Funds’ peer groups for purposes of performance and expense comparisons.
The Board also considered the Investment Manager’s performance and reputation generally. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions,
that the performance of the Funds and the Investment Manager, in light of other considerations, supported the continuation
of each of the Management Agreements.
Columbia Capital Allocation Portfolios | 2024
71
Approval of Management Agreements (continued)
(Unaudited)
Comparative fees, costs of services provided and the profits realized by the Investment
Manager and its affiliates from their relationships with the Funds
The Board reviewed comparative fees and the costs of services provided under the Management
Agreements. The Board members considered detailed comparative information set forth in an annual report
on fees and expenses, including, among other things, data (based on analyses conducted by Broadridge and JDL) showing a comparison of the Funds’ expenses with median expenses paid by funds in its comparative peer universe, as well as data showing the Funds’ contribution to the Investment Manager’s profitability.
The Board considered the reports of JDL, which assisted in the Board’s analysis of the Columbia Funds’ performance and expenses and the reasonableness of the Columbia Funds’ fee rates. The Board accorded particular weight to the notion that a primary objective of the level of fees is to achieve a rational pricing model applied
consistently across the various product lines in the Fund family, while assuring that the overall fees for each Fund (with
certain exceptions) are generally in line with the current “pricing philosophy” such that each Fund’s total expense ratios, in general, approximate or are lower than the median expense ratios of funds in the same Lipper comparison universe. The Board took into account that each Fund’s total expense ratio (after considering proposed expense caps/waivers) approximated the peer universe’s median expense ratio.
After reviewing these and related factors, the Board concluded, within the context
of their overall conclusions, that the levels of management fees and expenses of the Funds, in light of other considerations, supported
the continuation of each of the Management Agreements.
The Board also considered the profitability of the Investment Manager and its affiliates
in connection with the Investment Manager providing management services to the Funds. With respect to the profitability
of the Investment Manager and its affiliates, the Independent Trustees referred to information discussing the profitability
to the Investment Manager and Ameriprise Financial from managing, operating and distributing the Columbia Funds.
The Board considered that the profitability generated by the Investment Manager in 2023 had declined from 2022 levels,
due to a variety of factors, including the decreased assets under management of the Columbia Funds. It also took
into account the indirect economic benefits flowing to the Investment Manager or its affiliates in connection with managing
or distributing the Columbia Funds, such as the enhanced ability to offer various other financial products to Ameriprise
Financial customers, soft dollar benefits and overall reputational advantages. The Board noted that the fees paid by the Funds
should permit the Investment Manager to offer competitive compensation to its personnel, make necessary investments in
its business and earn an appropriate profit. After reviewing these and related factors, the Board concluded, within the
context of their overall conclusions, that the costs of services provided and the profitability to the Investment Manager and its
affiliates from their relationships with the Funds supported the continuation of the Management Agreements.
Economies of scale
Given that the Funds pay relatively low management fees, the Board determined not
to accord weight to the lack of any material economies of scale associated with the growth of each Fund.
Conclusion
The Board reviewed all of the above considerations in reaching its decision to approve
the continuation of each of the Management Agreements. In reaching its conclusions, no single factor was determinative.
On June 27, 2024, the Board, including all of the Independent Trustees, determined
that fees payable under the Management Agreements were fair and reasonable in light of the extent and quality
of services provided and approved the renewal of each of the Management Agreements.
72
Columbia Capital Allocation Portfolios | 2024
Columbia Capital Allocation Portfolios
P.O. Box 219104
Kansas City, MO 64121-9104
Please read and consider the investment objectives, risks, charges and expenses for
any fund carefully before investing. For a prospectus and summary prospectus, which contains this and other important information
about the Funds, go to
columbiathreadneedleus.com/investor/. The Funds are distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
columbiathreadneedleus.com/investor/. The Funds are distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name
of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Advisers, LLC.
columbiathreadneedleus.com/investor/
SAR124_01_P01_(09/24)
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not Applicable.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies is included in Item 7 of this Form N-CSR.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Statement regarding basis for approval of Investment Advisory Contract is included in Item 7 of this Form N-CSR.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 15. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors implemented since the registrant last provided disclosure as to such procedures in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K or Item 15 of Form N-CSR.
Item 16. 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-CSR 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 period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable.
Item 19. Exhibits.
(a)(1) Not applicable.
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) | Columbia Funds Series Trust |
|
|
|
| By (Signature and Title) | /s/ Daniel J. Beckman |
| Daniel J. Beckman, President and Principal Executive Officer | |
|
|
|
| Date | September 20, 2024 |
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/ Daniel J. Beckman |
| Daniel J. Beckman, President and Principal Executive Officer | |
|
|
|
| Date | September 20, 2024 |
|
|
|
| By (Signature and Title) | /s/ Michael G. Clarke |
| Michael G. Clarke, Chief Financial Officer, | |
| Principal Financial Officer and Senior Vice President | |
|
|
|
| Date | September 20, 2024 |
|
|
|
| By (Signature and Title) | /s/ Charles H. Chiesa |
| Charles H. Chiesa, Treasurer, Chief Accounting | |
| Officer and Principal Financial Officer | |
|
|
|
| Date | September 20, 2024 |