COLUMBIA OVERSEAS VALUE FUND

Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value  

PORTFOLIO OF INVESTMENTS

Columbia Overseas Value Fund, November 30, 2023 (Unaudited)

(Percentages represent value of investments compared to net assets)

Investments in securities

Common Stocks 97.2%
Issuer	Shares		Value ($)
Australia 1.8%
Northern Star Resources Ltd.		5,914,564		49,423,913
Brazil 0.7%
JBS S/A		3,828,580		18,162,624
Canada 4.1%
Cameco Corp.		869,869		39,944,385
Nutrien Ltd.		207,264		11,082,406
Pan American Silver Corp.		874,991		13,702,359
Teck Resources Ltd., Class B		547,602		20,617,215
Teekay Tankers Ltd., Class A		152,511		7,578,272
Vermilion Energy, Inc.		1,748,351		22,081,673
Total				115,006,310
China 0.8%
Guangdong Investment Ltd.		31,892,000		22,133,953
Finland 2.0%
UPM-Kymmene OYJ		1,585,535		55,469,028
France 14.1%
AXA SA		2,332,866		72,739,655
BNP Paribas SA		899,391		56,542,053
DBV Technologies SA, ADR(a)		321,850		238,169
Eiffage SA		296,917		30,101,640
Engie SA		3,727,279		64,679,853
Sanofi SA		652,029		60,811,445
TotalEnergies SE		1,607,356		109,556,131
Total				394,668,946
Germany 3.9%
Bayer AG, Registered Shares		284,437		9,736,015
Duerr AG		699,867		15,426,465
E.ON SE		3,088,552		40,145,216
KION Group AG		328,236		11,969,806
Mercedes-Benz Group AG, Registered Shares		219,772		14,289,433
Merck KGaA		98,558		17,263,788
Total				108,830,723
Greece 1.1%
Piraeus Financial Holdings SA(a)		8,465,578		30,164,413

Common Stocks (continued)
Issuer	Shares		Value ($)
Hong Kong 1.3%
WH Group Ltd.		57,258,830		36,775,954
Ireland 1.4%
Amarin Corp. PLC, ADR(a)		299,272		234,031
Bank of Ireland Group PLC		2,910,794		27,253,154
Flutter Entertainment PLC(a)		82,102		12,811,354
Total				40,298,539
Israel 3.4%
Bank Hapoalim BM		2,631,989		22,236,017
Bezeq Israeli Telecommunication Corp., Ltd.		12,488,581		16,160,078
Check Point Software Technologies Ltd.(a)		382,226		55,804,996
Total				94,201,091
Japan 22.4%
Dai-ichi Life Holdings, Inc.		1,981,200		41,533,120
Daiwabo Holdings Co., Ltd.		2,031,500		39,961,247
ITOCHU Corp.		1,244,000		48,363,529
Kinden Corp.		1,113,100		16,719,010
Kusuri no Aoki Holdings Co., Ltd.		368,800		8,531,826
Macnica Holdings, Inc.		648,800		32,116,040
Marubeni Corp.		2,038,500		31,857,491
MatsukiyoCocokara & Co.		1,808,100		31,236,156
Mebuki Financial Group, Inc.		10,513,200		31,719,518
ORIX Corp.		2,581,000		47,152,387
Sankyo Co., Ltd.		895,600		38,661,680
Shimamura Co., Ltd.		446,000		49,850,023
Ship Healthcare Holdings, Inc.		1,205,800		17,036,239
Sumitomo Mitsui Financial Group, Inc.		1,447,400		71,208,392
Sundrug Co., Ltd.		300,900		9,091,621
Takeda Pharmaceutical Co., Ltd.		1,550,400		43,950,638
Takuma Co., Ltd.		791,945		8,744,695
TOPPAN Holdings, Inc.		1,274,100		29,836,055
Toyota Motor Corp.		1,422,000		26,997,878
Total				624,567,545

2        Columbia Overseas Value Fund | Third Quarter Report 2023

PORTFOLIO OF INVESTMENTS  (continued)

Columbia Overseas Value Fund, November 30, 2023 (Unaudited)

Common Stocks (continued)
Issuer	Shares		Value ($)
Netherlands 10.8%
ASR Nederland NV		1,350,759		62,274,781
ING Groep NV		4,848,334		68,114,179
Koninklijke Ahold Delhaize NV		1,888,715		54,696,259
Shell PLC		3,637,894		117,594,402
Total				302,679,621
Norway 0.7%
Leroy Seafood Group ASA		4,666,775		18,227,248
Russian Federation —%
Lukoil PJSC(b),(c),(d),(e)		106,132		—
Singapore 2.2%
BW LPG Ltd.		1,634,255		23,804,046
Venture Corp., Ltd.		3,899,800		36,531,121
Total				60,335,167
South Africa 0.2%
Sibanye Stillwater Ltd., ADR		1,289,969		5,753,262
South Korea 0.7%
Hyundai Home Shopping Network Corp.		81,938		2,724,023
Youngone Corp.		460,402		15,554,978
Total				18,279,001
Spain 2.8%
Banco Santander SA		17,149,782		71,089,829
Endesa SA		212,638		4,447,774
Tecnicas Reunidas SA(a)		412,242		4,000,542
Total				79,538,145
Sweden 0.1%
Stillfront Group AB(a)		3,403,824		3,783,323
Switzerland 3.0%
Novartis AG, Registered Shares		668,139		65,215,899
UBS AG		624,767		17,654,416
Total				82,870,315
Taiwan 0.9%
Fubon Financial Holding Co., Ltd.		12,784,921		26,348,322
United Kingdom 12.8%
AstraZeneca PLC, ADR		312,543		20,187,152
BP PLC		4,537,822		27,588,472
British American Tobacco PLC		2,046,788		65,128,818

Common Stocks (continued)
Issuer	Shares		Value ($)
BT Group PLC		21,575,818		33,537,297
Crest Nicholson Holdings PLC		1,556,491		3,645,060
DCC PLC		750,412		50,730,867
Imperial Brands PLC		1,245,706		29,123,266
John Wood Group PLC(a)		2,117,468		3,743,300
Just Group PLC		24,984,654		25,391,211
Liberty Global Ltd.(a)		1,611,288		27,134,090
TP Icap Group PLC		14,083,625		32,977,094
Vodafone Group PLC		42,560,903		38,269,430
Total				357,456,057
United States 6.0%
Burford Capital Ltd.		2,605,175		36,185,881
Diversified Energy Co. PLC		32,054,614		26,629,336
Energy Fuels, Inc.(a)		2,317,974		18,427,893
Insmed, Inc.(a)		194,448		4,865,089
Jazz Pharmaceuticals PLC(a)		315,156		37,260,894
Livent Corp.(a)		893,623		12,296,252
Roche Holding AG, Genusschein Shares		114,084		30,691,008
Sage Therapeutics, Inc.(a)		59,196		1,159,058
Total				167,515,411
Total Common Stocks (Cost $2,613,702,093)				2,712,488,911
Exchange-Traded Equity Funds 1.2%
	Shares		Value ($ )
United States 1.2%
iShares MSCI EAFE Value ETF		653,836		33,025,256
Total Exchange-Traded Equity Funds (Cost $31,765,684)				33,025,256
Money Market Funds 0.2%
Columbia Short-Term Cash Fund, 5.605%(f),(g)		5,281,845		5,280,789
Total Money Market Funds (Cost $5,280,755)				5,280,789
Total Investments in Securities (Cost $2,650,748,532)				2,750,794,956
Other Assets & Liabilities, Net				40,109,090
Net Assets			$	2,790,904,046

Columbia Overseas Value Fund | Third Quarter Report 2023        3

PORTFOLIO OF INVESTMENTS  (continued)

Columbia Overseas Value Fund, November 30, 2023 (Unaudited)

At November 30, 2023, securities and/or cash totaling $1,820,000 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 ($)		Unrealized depreciation ($)
	4,384,000	GBP		5,433,835	USD	Barclays		12/14/2023		—		(101,301	)
	44,749,567	USD		312,974,000	DKK	Barclays		12/14/2023		975,588		—
	8,166,139	USD		7,522,000	EUR	Barclays		12/14/2023		25,520		—
	70,875,582	USD		58,031,000	GBP	Barclays		12/14/2023		2,393,005		—
	8,373,000	AUD		5,427,657	USD	Citi		12/14/2023		—		(106,728	)
	15,789,798	USD		14,804,000	EUR	Citi		12/14/2023		332,152		—
	44,899,291	USD		75,912,000	NZD	Citi		12/14/2023		1,849,849		—
	24,680,104,000	KRW		18,605,431	USD	Goldman Sachs International		12/14/2023		—		(484,186	)
	1,602,957,000	TWD		49,850,941	USD	Goldman Sachs International		12/14/2023		—		(1,481,755	)
	133,566,000	ILS		35,372,352	USD	HSBC		12/14/2023		—		(443,120	)
	6,259,628,000	JPY		41,941,880	USD	HSBC		12/14/2023		—		(350,702	)
	23,552,537	USD		21,208,000	CHF	HSBC		12/14/2023		695,224		—
	42,363,489	USD		57,461,000	SGD	HSBC		12/14/2023		612,808		—
	59,487,000	NOK		5,527,948	USD	Morgan Stanley		12/14/2023		28,308		—
	29,908,563	USD		324,315,000	NOK	Morgan Stanley		12/14/2023		74,728		—
	34,119,482	USD		378,889,000	SEK	Morgan Stanley		12/14/2023		1,971,852		—
	4,354,000	GBP		5,349,086	USD	State Street		12/14/2023		—		(148,173	)
	822,115,000	JPY		5,509,523	USD	State Street		12/14/2023		—		(45,019	)
	86,705,000	CAD		62,892,101	USD	UBS		12/14/2023		—		(1,016,338	)
	437,603,000	NOK		39,275,833	USD	UBS		12/14/2023		—		(1,181,063	)
	57,617,000	SEK		5,443,495	USD	UBS		12/14/2023		—		(44,852	)
	131,956,276	USD		204,304,000	AUD	UBS		12/14/2023		3,084,582		—
	Total									12,043,616		(5,403,237	)

Notes to Portfolio of Investments

(a) Non-income producing investment.

(b) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At November 30, 2023, the total value of these securities amounted to $0, which represents less than 0.01% of total net assets.

(c) Denotes a restricted security, which is subject to legal or contractual restrictions on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund’s Board of Trustees. At November 30, 2023, the total market value of these securities amounted to $0, which represents less than 0.01% of total net assets. Additional information on these securities is as follows:

Security	Acquisition Dates		Shares		Cost ($)		Value ($)
Lukoil PJSC		01/25/2022-01/26/2022		106,132		8,693,218		—

(d) As a result of sanctions and restricted cross-border payments, certain income and/or principal has not been recognized by the Fund. The Fund will continue to monitor the net realizable value and record the income when it is considered collectible.

(e) Valuation based on significant unobservable inputs.

(f) The rate shown is the seven-day current annualized yield at November 30, 2023.

4        Columbia Overseas Value Fund | Third Quarter Report 2023

PORTFOLIO OF INVESTMENTS  (continued)

Columbia Overseas Value Fund, November 30, 2023 (Unaudited)

Notes to Portfolio of Investments (continued)

(g) 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 November 30, 2023 are as follows:

Affiliated issuers	Beginning of period($)		Purchases($)		Sales($)			Net change in unrealized appreciation (depreciation)($)			End of period($)		Realized gain (loss)($)		Dividends($)		End of period shares
Columbia Short-Term Cash Fund, 5.605%		4,590,534		452,569,257		(451,878,841	)		(161	)		5,280,789		3,893		599,837		5,281,845

Abbreviation Legend

ADR	American Depositary Receipt
Currency Legend
AUD	Australian Dollar
CAD	Canada Dollar
CHF	Swiss Franc
DKK	Danish Krone
EUR	Euro
GBP	British Pound
ILS	Israeli Shekel
JPY	Japanese Yen
KRW	South Korean Won
NOK	Norwegian Krone
NZD	New Zealand Dollar
SEK	Swedish Krona
SGD	Singapore Dollar
TWD	New Taiwan Dollar
USD	US Dollar

Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.

Columbia Overseas Value Fund | Third Quarter Report 2023        5

You may at any time request, free of charge, to receive a paper copy of this report by calling 800.345.6611.

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