N-Q 1 a06-10291_10nq.htm QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

OMB APPROVAL

 

OMB Number:    3235-0578
Expires:    February 28, 2006
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hours per response........20.00

 

 

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-09645

 

 

Columbia Funds Series Trust

(Exact name of registrant as specified in charter)

 

One Financial Center, Boston, Massachusetts

 

02111

(Address of principal executive offices)

 

(Zip code)

 

James R. Bordewick, Jr., Esq.

Columbia Management Advisors, LLC

One Financial Center

Boston, MA 02111

(Name and address of agent for service)

 

Registrant's telephone number, including area code:

1-617-426-3750

 

 

Date of fiscal year end:

5/31/06

 

 

 

 

Date of reporting period:

2/28/06

 

 


 

Item 1. Schedule of Investments.

 

 


 

INVESTMENT PORTFOLIO

February 28, 2006 (Unaudited)

 

Columbia Connecticut Municipal Reserves

 

 

 

 

 

Par ($)

 

Value ($)*

 

Municipal Bonds – 99.6%

 

 

 

 

 

 

 

CONNECTICUT – 83.2%

 

 

 

 

 

 

 

CT ABN AMRO Munitops Certificates Trust

 

 

 

 

 

 

 

 

 

Series 2005,

 

 

 

 

 

 

 

SPA: ABN Amro Bank N.V.

 

 

 

 

 

 

 

3.210% 07/01/13(a)(b)

 

2,500,000

 

2,500,000

 

CT Brookfield

 

 

 

 

 

 

 

 

 

Series 2005,

 

 

 

 

 

 

 

4.000% 06/15/06

 

4,000,000

 

4,012,643

 

CT Development Authority

 

 

 

 

 

 

 

 

 

Health Care Revenue,

 

 

 

 

 

 

 

Independent Living Program,

 

 

 

 

 

 

 

Series 1990,

 

 

 

 

 

 

 

LOC: JPMorgan Chase Bank

 

 

 

 

 

 

 

3.190% 07/01/15(a)

 

4,700,000

 

4,700,000

 

 

 

Industrial Development Revenue,

 

 

 

 

 

 

 

Series 1984,

 

 

 

 

 

 

 

LOC: Wachovia Bank

 

 

 

 

 

 

 

3.060% 12/01/14(a)

 

2,000,000

 

2,000,000

 

 

 

Pierce Memorial Baptists Home, Inc.,

 

 

 

 

 

 

 

Series 1999,

 

 

 

 

 

 

 

LOC: LaSalle National Bank

 

 

 

 

 

 

 

3.140% 10/01/28(a)

 

1,800,000

 

1,800,000

 

 

 

Pollution Control Revenue,

 

 

 

 

 

 

 

Central Vermont Public Service,

 

 

 

 

 

 

 

Series 1985,

 

 

 

 

 

 

 

LOC: Citizens Bank of Rhode Island

 

 

 

 

 

 

 

3.210% 12/01/15(a)

 

2,600,000

 

2,600,000

 

 

 

Solid Waste Program,

 

 

 

 

 

 

 

Rand-Whitney Containerboard LP,

 

 

 

 

 

 

 

Series 1993, AMT,

 

 

 

 

 

 

 

LOC: Bank of Montreal

 

 

 

 

 

 

 

3.230% 08/01/23(a)

 

2,555,000

 

2,555,000

 

 

 

Water Facility Revenue:

 

 

 

 

 

 

 

Series 2004 A, AMT,

 

 

 

 

 

 

 

LOC: Citizens Bank of Rhode Island

 

 

 

 

 

 

 

3.220% 07/01/28(a)

 

1,250,000

 

1,250,000

 

 

 

Series 2004 B,

 

 

 

 

 

 

 

LOC: Citizens Bank of Rhode Island

 

 

 

 

 

 

 

3.180% 09/01/28(a)

 

1,125,000

 

1,125,000

 

CT Health & Educational Facilities Authority

 

 

 

 

 

 

 

 

 

Ascension Health,

 

 

 

 

 

 

 

Series 1999 B,

 

 

 

 

 

 

 

3.160% 11/15/29(a)

 

3,900,000

 

3,900,000

 

 

 

Hospital of St. Raphael,

 

 

 

 

 

 

 

Series 2004 M,

 

 

 

 

 

 

 

LOC: KBC Bank N.V.

 

 

 

 

 

 

 

3.160% 07/01/24(a)

 

6,705,000

 

6,705,000

 

 

 

Series 2004,

 

 

 

 

 

 

 

Insured: FGIC,

 

 

 

 

 

 

 

SPA: Merrill Lynch Capital Services,

 

 

 

 

 

 

 

GTY AGMT: Merrill Lynch & Co.

 

 

 

 

 

 

 

3.450% 08/12/19(a)(b)

 

3,375,000

 

3,375,000

 

 

 

Taft School,

 

 

 

 

 

 

 

Series 2000 E,

 

 

 

 

 

 

 

LOC: First Union National Bank

 

 

 

 

 

 

 

3.190% 07/01/30(a)

 

4,000,000

 

4,000,000

 

 

 

 

 

 

 

 

 

 

1


 

 

 

 

 

Par ($)

 

Value ($)

 

Municipal Bonds – (continued)

 

 

 

 

 

 

 

CONNECTICUT – (continued)

 

 

 

 

 

 

 

 

 

University of Hartford,

 

 

 

 

 

 

 

Series 2004 F,

 

 

 

 

 

 

 

LOC: Citizens Bank of Rhode Island

 

 

 

 

 

 

 

3.180% 07/01/34(a)

 

4,000,000

 

4,000,000

 

 

 

Yale University:

 

 

 

 

 

 

 

Series 1997 T-1,

 

 

 

 

 

 

 

2.950% 07/01/29(a)

 

2,500,000

 

2,500,000

 

 

 

Series 2001 V-1,

 

 

 

 

 

 

 

3.000% 07/01/36(a)

 

1,600,000

 

1,600,000

 

 

 

Series 2005 Y-2,

 

 

 

 

 

 

 

3.000% 07/01/35(a)

 

100,000

 

100,000

 

 

 

Series 2005 Y-3

 

 

 

 

 

 

 

3.000% 07/01/35(a)

 

1,700,000

 

1,700,000

 

CT Housing Finance Authority

 

 

 

 

 

 

 

 

 

Series 2002,

 

 

 

 

 

 

 

Insured: AMBAC,

 

 

 

 

 

 

 

SPA: FHLB

 

 

 

 

 

 

 

3.180% 11/15/23(a)

 

350,000

 

350,000

 

 

 

Series 2005, AMT:

 

 

 

 

 

 

 

LIQ FAC: Landesbank Hessen-Thuringen,

 

 

 

 

 

 

 

GIC: Rabobank International

 

 

 

 

 

 

 

3.230% 11/15/09(a)(b)

 

5,710,000

 

5,710,000

 

 

 

LIQ FAC: Lehman Liquidity

 

 

 

 

 

 

 

3.280% 11/15/29(a)(b)

 

9,000,000

 

9,000,000

 

CT Manchester

 

 

 

 

 

 

 

 

 

Series 2005,

 

 

 

 

 

 

 

3.750% 07/06/06

 

4,144,000

 

4,159,154

 

CT New Canaan Housing Authority

 

 

 

 

 

 

 

 

 

Northwestern Connecticut YMCA,

 

 

 

 

 

 

 

Series 2001,

 

 

 

 

 

 

 

LOC: First Union National Bank

 

 

 

 

 

 

 

3.180% 08/01/31(a)

 

900,000

 

900,000

 

CT Regional School District No. 005

 

 

 

 

 

 

 

 

 

Series 2005,

 

 

 

 

 

 

 

4.500% 11/29/06

 

2,000,000

 

2,018,105

 

CT Special Tax Obligation Revenue

 

 

 

 

 

 

 

 

 

Series 2000-1,

 

 

 

 

 

 

 

Insured: FGIC

 

 

 

 

 

 

 

3.170% 09/01/20(a)

 

1,150,000

 

1,150,000

 

 

 

Series 2002,

 

 

 

 

 

 

 

Insured: FSA

 

 

 

 

 

 

 

3.200% 10/01/09(a)(b)

 

1,000,000

 

1,000,000

 

 

 

Series 2003,

 

 

 

 

 

 

 

Insured: AMBAC

 

 

 

 

 

 

 

3.200% 02/01/22(a)

 

3,015,000

 

3,015,000

 

CT State

 

 

 

 

 

 

 

 

 

Series 2001,

 

 

 

 

 

 

 

LIQ FAC: JPMorgan Chase Bank

 

 

 

 

 

 

 

2.990% 06/15/15(a)(b)

 

175,000

 

175,000

 

 

 

Series 2004-432,

 

 

 

 

 

 

 

Insured: FGIC,

 

 

 

 

 

 

 

LIQ FAC: JPMorgan Chase Bank

 

 

 

 

 

 

 

3.210% 04/01/12(a)(b)

 

1,995,000

 

1,995,000

 

 

 

 

 

 

 

 

 

 

2


 

 

 

 

 

Par ($)

 

Value ($)

 

Municipal Bonds – (continued)

 

 

 

 

 

 

 

CONNECTICUT – (continued)

 

 

 

 

 

 

 

 

 

Series 2005 C,

 

 

 

 

 

 

 

3.000% 06/01/06

 

2,585,000

 

2,582,886

 

 

 

Series 2005,

 

 

 

 

 

 

 

Insured: AMBAC,

 

 

 

 

 

 

 

SPA: Dexia Credit Local de France

 

 

 

 

 

 

 

3.200% 06/01/20(a)(b)

 

2,000,000

 

2,000,000

 

CT University

 

 

 

 

 

 

 

 

 

Series 2004,

 

 

 

 

 

 

 

Insured: MBIA,

 

 

 

 

 

 

 

SPA: Merrill Lynch Capital Services

 

 

 

 

 

 

 

3.200% 01/15/11(a)(b)

 

3,100,000

 

3,100,000

 

CONNECTICUT TOTAL

 

87,577,788

 

FLORIDA – 2.4%

 

 

 

 

 

 

 

FL Orange County Housing Finance Authority

 

 

 

 

 

 

 

 

 

River Glen of Orlando,

 

 

 

 

 

 

 

Series 2001 E,

 

 

 

 

 

 

 

Insured: FNMA,

 

 

 

 

 

 

 

LIQ FAC: FNMA

 

 

 

 

 

 

 

3.200% 08/15/31(a)

 

2,560,000

 

2,560,000

 

FLORIDA TOTAL

 

2,560,000

 

PUERTO RICO – 14.0%

 

 

 

 

 

 

 

PR Commonwealth of Puerto Rico Electric Power Authority

 

 

 

 

 

 

 

 

 

Series 2002-1,

 

 

 

 

 

 

 

Insured: MBIA,

 

 

 

 

 

 

 

LIQ FAC: Bank of New York

 

 

 

 

 

 

 

3.210% 07/01/20(a)(b)

 

3,000,000

 

3,000,000

 

 

 

Series 2005-681,

 

 

 

 

 

 

 

Insured: FGIC,

 

 

 

 

 

 

 

LIQ FAC: JPMorgan Chase Bank

 

 

 

 

 

 

 

3.170% 07/01/12(a)(b)

 

1,775,000

 

1,775,000

 

PR Commonwealth of Puerto Rico Highway & Transportation Authority

 

 

 

 

 

 

 

 

 

Series 2006,

 

 

 

 

 

 

 

Insured: AMBAC,

 

 

 

 

 

 

 

SPA: Merrill Lynch Capital Services

 

 

 

 

 

 

 

3.400% 07/01/18(a)(b)

 

1,200,000

 

1,200,000

 

PR Commonwealth of Puerto Rico Public Finance Corp.

 

 

 

 

 

 

 

 

 

Series 2003-363,

 

 

 

 

 

 

 

Insured: AMBAC,

 

 

 

 

 

 

 

LIQ FAC: JPMorgan Chase Bank

 

 

 

 

 

 

 

3.170% 12/01/19(a)(b)

 

1,000,000

 

1,000,000

 

PR Commonwealth of Puerto Rico

 

 

 

 

 

 

 

 

 

Series 2000-620,

 

 

 

 

 

 

 

Insured: MBIA,

 

 

 

 

 

 

 

LOC: Merrill Lynch Capital Services

 

 

 

 

 

 

 

3.170% 01/01/16(a)(b)

 

2,000,000

 

2,000,000

 

 

 

Series 2001,

 

 

 

 

 

 

 

Insured: FSA,

 

 

 

 

 

 

 

LIQ FAC: Bank of New York

 

 

 

 

 

 

 

3.200% 07/01/27(a)(b)

 

4,775,000

 

4,775,000

 

 

3


 

 

 

 

 

Par ($)

 

Value ($)

 

Municipal Bonds – (continued)

 

 

 

 

 

 

 

PUERTO RICO – (continued)

 

 

 

 

 

 

 

 

 

Series 2004-441,

 

 

 

 

 

 

 

Insured: MBIA,

 

 

 

 

 

 

 

LIQ FAC: JPMorgan Chase Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.170% 01/01/09(a)(b)

 

1,000,000

 

1,000,000

 

PUERTO RICO TOTAL

 

14,750,000

 

 

 

 

 

 

 

Total Municipal Bonds
(cost of $104,887,788)

 

 

 

104,887,788

 

 

 

 

 

 

 

 

 

 

 

Total Investments – 99.6%
(cost of $104,887,788)(c)

 

 

 

104,887,788

 

 

 

 

 

 

 

 

 

 

 

Other Assets & Liabilities, Net – 0.4%

 

 

 

390,474

 

 

 

 

 

 

 

 

 

 

 

Net Assets – 100.0%

 

 

 

105,278,262

 

 

 

 

Notes to Investment Portfolio:

 

 

 

 

 

 

 

*

Security Valuation:

Securities in the Funds are valued utilizing the amortized cost valuation method permitted in accordance with Rule 2a-7 under the 1940 Act, provided certain conditions are met. This method involves valuing a portfolio security initially at its cost and thereafter assuming a constant accretion or amortization to maturity of any discount or premium, respectively. Investments in other investment companies are valued at net asset value.

 

 

 

(a)

Variable rate demand notes. These securities are payable upon demand and are secured by letters of credit or other credit support agreements from banks. The interest rates change periodically and the interest rates shown reflect the rates at February 28, 2006.

 

 

 

(b)

Denotes a restricted security, which is subject to restrictions on resale under federal securities laws or in transactions exempt from registration. At February 28, 2006, the value of these securities amounted to $43,605,000, which represents 41.4% of net assets.

 

 

 

(c)

Cost for federal income tax purposes is $104,887,788.

 

 

 

 

Acronym

 

Name

 

 

 

AMBAC

 

Ambac Assurance Corp.

 

 

 

AMT

 

Alternative Minimum Tax

 

 

 

FGIC

 

Financial Guaranty Insurance Co.

 

 

 

FHLB

 

Federal Home Loan Bank

 

 

 

FNMA

 

Federal National Mortgage Association

 

 

 

FSA

 

Financial Security Assurance, Inc.

 

 

 

GIC

 

Guaranteed Investment Contract

 

 

 

LIQ FAC

 

Liquidity Facility

 

 

 

LOC

 

Letter of Credit

 

 

 

MBIA

 

MBIA Insurance Corp.

 

 

 

SPA

 

Stand-by Purchase Agreement

 

 

4


 

INVESTMENT PORTFOLIO

February 28, 2006 (Unaudited)

 

Columbia Massachusetts Municipal Reserves

 

 

 

 

 

Par ($)

 

Value ($)*

 

Municipal Bonds – 94.7%

 

 

 

 

 

 

 

FLORIDA – 0.4%

 

 

 

 

 

 

 

FL Orange County Housing Finance Authority

 

 

 

 

 

 

 

 

 

River Glen of Orlando,

 

 

 

 

 

 

 

Series 2001 E,

 

 

 

 

 

 

 

Insured: FNMA,

 

 

 

 

 

 

 

LIQ FAC: FNMA

 

 

 

 

 

 

 

3.200% 08/15/31(a)

 

825,000

 

825,000

 

FLORIDA TOTAL

 

825,000

 

MASSACHUSETTS – 85.4%

 

 

 

 

 

 

 

MA Boston Water & Sewer Commission

 

 

 

 

 

 

 

 

 

Series 1994 A,

 

 

 

 

 

 

 

LOC: State Street Bank & Trust Co.

 

 

 

 

 

 

 

3.150% 11/01/24(a)

 

4,100,000

 

4,100,000

 

MA Development Finance Agency

 

 

 

 

 

 

 

 

 

3.250% 04/17/06

 

7,500,000

 

7,500,000

 

 

 

Belmont Day School, Inc.,

 

 

 

 

 

 

 

Series 2001,

 

 

 

 

 

 

 

LOC: Sovereign Bank FSB

 

 

 

 

 

 

 

3.220% 07/01/31(a)

 

4,000,000

 

4,000,000

 

 

 

Boston College High School,

 

 

 

 

 

 

 

Series 2003,

 

 

 

 

 

 

 

LOC: Citizens Bank of Massachusetts

 

 

 

 

 

 

 

3.220% 08/01/33(a)

 

3,000,000

 

3,000,000

 

 

 

Boston University,

 

 

 

 

 

 

 

Series 2002 R-1,

 

 

 

 

 

 

 

Insured: XLCA,

 

 

 

 

 

 

 

SPA: Societe Generale

 

 

 

 

 

 

 

3.200% 10/01/42(a)

 

1,100,000

 

1,100,000

 

 

 

Brooksby Village, Inc.,

 

 

 

 

 

 

 

Series 2004,

 

 

 

 

 

 

 

LOC: LaSalle Bank N.A.

 

 

 

 

 

 

 

3.180% 07/01/32(a)

 

5,000,000

 

5,000,000

 

 

 

Dexter School,

 

 

 

 

 

 

 

Series 2000,

 

 

 

 

 

 

 

Insured: MBIA,

 

 

 

 

 

 

 

SPA: First Union National Bank

 

 

 

 

 

 

 

3.220% 05/01/31(a)

 

2,000,000

 

2,000,000

 

 

 

ISO New England, Inc.,

 

 

 

 

 

 

 

Series 2005,

 

 

 

 

 

 

 

LOC: KeyBank N.A.

 

 

 

 

 

 

 

3.230% 02/01/32(a)

 

5,000,000

 

5,000,000

 

 

 

Multi-Family Revenue,

 

 

 

 

 

 

 

Andover Portland Avenue Associates LLC,

 

 

 

 

 

 

 

Series 2004, AMT,

 

 

 

 

 

 

 

Insured: FNMA

 

 

 

 

 

 

 

3.280% 06/15/37(a)

 

7,500,000

 

7,500,000

 

 

 

Mystic Valley Regional Charter School,

 

 

 

 

 

 

 

Series 2005,

 

 

 

 

 

 

 

LOC: Sovereign Bank FSB

 

 

 

 

 

 

 

3.200% 06/15/08(a)

 

2,655,000

 

2,655,000

 

 

 

Series 2004 A,

 

 

 

 

 

 

 

LOC: PNC Bank N.A.

 

 

 

 

 

 

 

3.230% 12/01/37(a)

 

4,560,000

 

4,560,000

 

 

1


 

 

 

 

 

Par ($)

 

Value ($)

 

Municipal Bonds – (continued)

 

 

 

 

 

 

 

MASSACHUSETTS – (continued)

 

 

 

 

 

 

 

 

 

Shady Hill School,

 

 

 

 

 

 

 

Series 1998 A,

 

 

 

 

 

 

 

LOC: Citizens Bank of Massachusetts

 

 

 

 

 

 

 

3.180% 10/01/28(a)

 

4,700,000

 

4,700,000

 

 

 

Various Bridgewell, Inc.,

 

 

 

 

 

 

 

Series 2005 A,

 

 

 

 

 

 

 

LOC: KeyBank N.A.

 

 

 

 

 

 

 

3.230% 06/01/30(a)

 

3,585,000

 

3,585,000

 

 

 

Young Mens Christian Association of Greater Boston,

 

 

 

 

 

 

 

Series 2004 B,

 

 

 

 

 

 

 

LOC: Citizens Bank of Massachusetts

 

 

 

 

 

 

 

3.200% 12/31/07(a)

 

2,000,000

 

2,000,000

 

 

 

Young Mens Christian Association of Greater Worcester,

 

 

 

 

 

 

 

Series 2001,

 

 

 

 

 

 

 

LOC: Banknorth N.A.

 

 

 

 

 

 

 

3.220% 01/01/31(a)

 

3,620,000

 

3,620,000

 

MA Eclipse Funding Trust

 

 

 

 

 

 

 

 

 

Series 2005-0003,

 

 

 

 

 

 

 

Insured: FSA,

 

 

 

 

 

 

 

LIQ FAC: U.S. Bank Trust, N.A.

 

 

 

 

 

 

 

3.210% 08/15/24(a)(b)

 

6,385,000

 

6,385,000

 

MA Health & Educational Facilities Authority

 

 

 

 

 

 

 

 

 

Emmanuel College,

 

 

 

 

 

 

 

Series 2003,

 

 

 

 

 

 

 

LOC: Allied Irish Bank PLC

 

 

 

 

 

 

 

3.180% 07/01/33(a)

 

2,000,000

 

2,000,000

 

 

 

Partners Healthcare System, Inc.,

 

 

 

 

 

 

 

Series 2003 D-4,

 

 

 

 

 

 

 

3.170% 07/01/38(a)

 

1,700,000

 

1,700,000

 

 

 

Series 1985 C,

 

 

 

 

 

 

 

Insured: MBIA,

 

 

 

 

 

 

 

SPA: State Street Bank & Trust Co.

 

 

 

 

 

 

 

2.980% 07/01/10(a)

 

1,000,000

 

1,000,000

 

 

 

Series 1989,

 

 

 

 

 

 

 

3.150% 01/01/24(a)

 

1,000,000

 

1,000,000

 

 

 

Series 2004 A-14,

 

 

 

 

 

 

 

3.220% 07/01/32(a)(b)

 

6,985,000

 

6,985,000

 

MA Housing Finance Agency

 

 

 

 

 

 

 

 

 

Housing Revenue,

 

 

 

 

 

 

 

Series 2005 R-421, AMT,

 

 

 

 

 

 

 

Insured: FSA,

 

 

 

 

 

 

 

LIQ FAC: Citibank N.A.

 

 

 

 

 

 

 

3.250% 07/01/22(a)(b)

 

4,700,000

 

4,700,000

 

 

 

Series 2005, AMT,

 

 

 

 

 

 

 

Insured: FSA,

 

 

 

 

 

 

 

SPA: Merrill Lynch Capital Services

 

 

 

 

 

 

 

3.210% 07/01/25(a)(b)

 

1,500,000

 

1,500,000

 

MA Industrial Finance Agency

 

 

 

 

 

 

 

 

 

Buckingham Browne & Nichols School,

 

 

 

 

 

 

 

Series 1997,

 

 

 

 

 

 

 

LOC: State Street Bank & Trust Co.

 

 

 

 

 

 

 

3.190% 05/01/27(a)

 

4,800,000

 

4,800,000

 

 

 

Governor Dummer Academy,

 

 

 

 

 

 

 

Series 1996,

 

 

 

 

 

 

 

LOC: Citizens Bank of Massachusetts

 

 

 

 

 

 

 

3.190% 07/01/26(a)

 

2,900,000

 

2,900,000

 

 

2


 

 

 

 

 

Par ($)

 

Value ($)

 

Municipal Bonds – (continued)

 

 

 

 

 

 

 

MASSACHUSETTS – (continued)

 

 

 

 

 

 

 

MA Massachusetts Bay Transportation Authority

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series 1996, AMT,

 

 

 

 

 

 

 

LOC: Citizens Bank of Massachusetts

 

 

 

 

 

 

 

3.290% 05/01/16(a)

 

1,800,000

 

1,800,000

 

 

 

Sales Tax Revenue:

 

 

 

 

 

 

 

Series 2004 B-04,

 

 

 

 

 

 

 

SPA: Wachovia Bank N.A.

 

 

 

 

 

 

 

3.220% 07/01/21(a)(b)

 

3,980,000

 

3,980,000

 

 

 

Series 2005,

 

 

 

 

 

 

 

LIQ FAC: Lehman Liquidity Co.

 

 

 

 

 

 

 

3.230% 07/01/31(a)(b)

 

4,000,000

 

4,000,000

 

MA Port Authority

 

 

 

 

 

 

 

 

 

Series 2005 R-388, AMT,

 

 

 

 

 

 

 

Insured: AMBAC,

 

 

 

 

 

 

 

LIQ FAC: Citibank N.A.

 

 

 

 

 

 

 

3.280% 01/01/22(a)(b)

 

2,500,000

 

2,500,000

 

 

 

Series 2005-952,

 

 

 

 

 

 

 

Insured: AMBAC,

 

 

 

 

 

 

 

LIQ FAC: JPMorgan Chase Bank

 

 

 

 

 

 

 

3.210% 07/01/13(a)(b)

 

1,765,000

 

1,765,000

 

MA Roaring Fork Municipal Products LLC

 

 

 

 

 

 

 

 

 

Series 2003-10 A,

 

 

 

 

 

 

 

Insured: MBIA-IBC

 

 

 

 

 

 

 

3.220% 11/01/17(a)(b)

 

1,975,000

 

1,975,000

 

 

 

Series 2005-7 A,

 

 

 

 

 

 

 

Insured: AMBAC

 

 

 

 

 

 

 

3.220% 07/01/27(a)(b)

 

5,185,000

 

5,185,000

 

MA School Building Authority

 

 

 

 

 

 

 

 

 

Sales Tax Revenue:

 

 

 

 

 

 

 

Series 2005 A,

 

 

 

 

 

 

 

Insured: FSA,

 

 

 

 

 

 

 

LIQ FAC: Citibank N.A.

 

 

 

 

 

 

 

3.220% 08/15/30(a)(b)

 

1,000,000

 

1,000,000

 

 

 

Series 2005 R-414,

 

 

 

 

 

 

 

Insured: MBIA,

 

 

 

 

 

 

 

LIQ FAC: Citibank N.A.

 

 

 

 

 

 

 

3.220% 08/15/27(a)(b)

 

4,990,000

 

4,990,000

 

MA Shrewsbury

 

 

 

 

 

 

 

 

 

Series 2005,

 

 

 

 

 

 

 

4.500% 11/22/06

 

1,675,000

 

1,689,774

 

MA Special Obligation

 

 

 

 

 

 

 

 

 

Dedicated Tax Revenue,

 

 

 

 

 

 

 

Series 2004,

 

 

 

 

 

 

 

Insured: FGIC

 

 

 

 

 

 

 

3.200% 01/01/12(a)(b)

 

6,165,000

 

6,165,000

 

MA State

 

 

 

 

 

 

 

 

 

3.100% 03/08/06

 

1,800,000

 

1,800,000

 

 

 

Series 1997 B,

 

 

 

 

 

 

 

SPA: Landesbank Hessen-Thuringen

 

 

 

 

 

 

 

3.200% 08/01/15(a)

 

7,415,000

 

7,415,000

 

 

 

Series 2000 A,

 

 

 

 

 

 

 

SPA: Landesbank Baden-Wurttemberg

 

 

 

 

 

 

 

3.000% 12/01/30(a)

 

105,000

 

105,000

 

 

 

Series 2001 B,

 

 

 

 

 

 

 

SPA: Landesbank Hessen-Thuringen

 

 

 

 

 

 

 

3.200% 01/01/21(a)

 

1,345,000

 

1,345,000

 

 

3


 

 

 

 

 

Par ($)

 

Value ($)

 

Municipal Bonds – (continued)

 

 

 

 

 

 

 

MASSACHUSETTS – (continued)

 

 

 

 

 

 

 

 

 

Series 2001 C,

 

 

 

 

 

 

 

SPA: State Street Bank & Trust Co.

 

 

 

 

 

 

 

3.200% 01/01/21(a)

 

300,000

 

300,000

 

 

 

Series 2004-449,

 

 

 

 

 

 

 

Insured: AMBAC,

 

 

 

 

 

 

 

LIQ FAC: JPMorgan Chase Bank

 

 

 

 

 

 

 

3.200% 02/01/18(a)(b)

 

2,395,000

 

2,395,000

 

MA University Building Authority Facilities Revenue

 

 

 

 

 

 

 

 

 

Series 2004,

 

 

 

 

 

 

 

Insured: MBIA,

 

 

 

 

 

 

 

SPA: Merrill Lynch Capital Services

 

 

 

 

 

 

 

3.200% 05/01/12(a)(b)

 

4,140,000

 

4,140,000

 

MA Water Resources Authority

 

 

 

 

 

 

 

 

 

Series 1999 B

 

 

 

 

 

 

 

LOC: Landesbank Hessen-Thuringen

 

 

 

 

 

 

 

3.140% 08/01/28(a)

 

1,550,000

 

1,550,000

 

 

 

Series 2000 B,

 

 

 

 

 

 

 

Insured: FGIC

 

 

 

 

 

 

 

3.050% 08/01/37(a)

 

1,500,000

 

1,500,000

 

 

 

Series 2000 C,

 

 

 

 

 

 

 

Insured: FGIC

 

 

 

 

 

 

 

3.190% 08/01/37(a)

 

1,375,000

 

1,375,000

 

 

 

Series 2001 A,

 

 

 

 

 

 

 

Insured: FGIC,

 

 

 

 

 

 

 

SPA: Bayerische Landesbank

 

 

 

 

 

 

 

3.170% 08/01/23(a)

 

3,235,000

 

3,235,000

 

 

 

Series 2001 B,

 

 

 

 

 

 

 

Insured: FGIC,

 

 

 

 

 

 

 

SPA: Bayerische Landesbank

 

 

 

 

 

 

 

3.100% 08/01/31(a)

 

6,725,000

 

6,725,000

 

 

 

Series 2002 C,

 

 

 

 

 

 

 

LOC: Landesbank Hessen-Thuringen:

 

 

 

 

 

 

 

3.020% 08/01/20(a)

 

3,700,000

 

3,700,000

 

MA Winchester

 

 

 

 

 

 

 

 

 

Series 2005,

 

 

 

 

 

 

 

3.750% 07/03/06

 

4,807,000

 

4,823,680

 

MASSACHUSETTS TOTAL

 

168,748,454

 

MICHIGAN – 1.4%

 

 

 

 

 

 

 

MI University

 

 

 

 

 

 

 

 

 

Series 2002 A,

 

 

 

 

 

 

 

LOC: DEPFA Bank PLC

 

 

 

 

 

 

 

2.970% 08/15/32(a)

 

2,805,000

 

2,805,000

 

MICHIGAN TOTAL

 

2,805,000

 

NORTH CAROLINA – 0.8%

 

 

 

 

 

 

 

NC Montgomery County Industrial Facilities & Pollution Control Financing Authority

 

 

 

 

 

 

 

 

 

Republic Services of NC LLC,

 

 

 

 

 

 

 

Series 2000, AMT,

 

 

 

 

 

 

 

LOC: SunTrust Bank

 

 

 

 

 

 

4


 

 

 

 

 

Par ($)

 

Value ($)

 

Municipal Bonds – (continued)

 

 

 

 

 

 

 

NORTH CAROLINA – (continued)

 

 

 

 

 

 

 

 

 

3.010% 12/01/20(a)

 

1,580,000

 

1,580,000

 

NORTH CAROLINA TOTAL

 

1,580,000

 

PUERTO RICO – 6.2%

 

 

 

 

 

 

 

PR Commonwealth of Puerto Rico

 

 

 

 

 

 

 

 

 

Series 2001,

 

 

 

 

 

 

 

Insured: FSA,

 

 

 

 

 

 

 

LIQ FAC: Bank of New York

 

 

 

 

 

 

 

3.200% 07/01/27(a)(b)

 

2,695,000

 

2,695,000

 

 

 

Series 2005,

 

 

 

 

 

 

 

4.500% 07/28/06

 

2,500,000

 

2,512,764

 

PR Commonwealth of Puerto Rico Highway & Transportation Authority

 

 

 

 

 

 

 

 

 

Series 2006,

 

 

 

 

 

 

 

Insured: AMBAC,

 

 

 

 

 

 

 

SPA: Merrill Lynch Capital Services

 

 

 

 

 

 

 

3.400% 07/01/18(a)(b)

 

3,000,000

 

3,000,000

 

PR Commonwealth of Puerto Rico Public Finance Corp.

 

 

 

 

 

 

 

 

 

Series 2003-363,

 

 

 

 

 

 

 

Insured: AMBAC,

 

 

 

 

 

 

 

LIQ FAC: JPMorgan Chase Bank

 

 

 

 

 

 

 

3.170% 12/01/19(a)(b)

 

4,000,000

 

4,000,000

 

PUERTO RICO TOTAL

 

12,207,764

 

TEXAS – 0.5%

 

 

 

 

 

 

 

TX Bell County Health Facilities Development Corp.

 

 

 

 

 

 

 

 

 

Series 2000 B-1,

 

 

 

 

 

 

 

SPA: Morgan Guaranty Trust

 

 

 

 

 

 

 

3.010% 08/15/29(a)

 

970,000

 

970,000

 

TEXAS TOTAL

 

970,000

 

 

 

 

 

 

 

Total Municipal Bonds
(cost of $187,136,218)

 

 

 

187,136,218

 

 

 

 

 

 

 

 

 

 

 

Total Investments – 94.7%
(cost of $187,136,218)(c)

 

 

 

187,136,218

 

 

 

 

 

 

 

 

 

 

 

Other Assets & Liabilities,
Net – 5.3%

 

 

 

10,439,784

 

 

 

 

 

 

 

 

 

 

 

Net Assets – 100.0%

 

 

 

197,576,002

 

 

 

 

 

 

 

 

 

 

 

 

Notes to Investment Portfolio:

 

 

 

 

 

 

 

 

*

Security Valuation:

 

Securities in the Funds are valued utilizing the amortized cost valuation method permitted in accordance with Rule 2a-7 under the 1940 Act, provided certain conditions are met. This method involves valuing a portfolio security initially at its cost and thereafter assuming a constant accretion or amortization to maturity of any discount or premium, respectively. Investments in other investment companies are valued at net asset value.

 

 

 

 

(a)

Variable rate demand notes. These securities are payable upon demand and are secured by letters of credit or other credit support agreements from banks. The interest rates change periodically and the interest rates shown reflect the rates at February 28, 2006.

 

 

5


 

 

(b)

Denotes a restricted security, which is subject to restrictions on resale under federal securities laws or in transactions exempt from registration. At February 28, 2006, the value of these securities amounted to $67,360,000, which represents 34.1% of net assets.

 

 

(c)

Cost for federal income tax purposes is $187,136,218.

 

 

 

Acronym

 

Name

 

 

AMBAC

 

Ambac Assurance Corp.

 

 

AMT

 

Alternative Minimum Tax

 

 

FGIC

 

Financial Guaranty Insurance Co.

 

 

FNMA

 

Federal National Mortgage Association

 

 

FSA

 

Financial Security Assurance, Inc.

 

 

IBC

 

Insured Bond Certificate

 

 

LIQ FAC

 

Liquidity Facility

 

 

LOC

 

Letter of Credit

 

 

MBIA

 

MBIA Insurance Corp.

 

 

SPA

 

Stand-By Purchase Agreement

 

 

XLCA

 

XL Capital Assurance, Inc.

 

 

6

 


 

Item 2. Controls and Procedures.

 

(a)          The registrant’s principal executive officer and principal financial officer, based on his evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, has concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-Q is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

(b)         There were no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

 

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(registrant)

 

Columbia Funds Series Trust

 

 

 

 

 

 

 

By (Signature and Title)

 

/S/ Christopher L. Wilson

 

 

 

Christopher L. Wilson, President

 

 

 

 

 

 

 

Date

 

April 26, 2006

 

 

 

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/ Christopher L. Wilson

 

 

 

Christopher L. Wilson, President

 

 

 

 

 

 

 

Date

 

April 26, 2006

 

 

 

By (Signature and Title)

 

/S/ J. Kevin Connaughton

 

 

 

J. Kevin Connaughton, Treasurer

 

 

 

 

 

 

 

Date

 

April 26, 2006