N-CSR 1 f23269d1.htm COLUMBIA FUNDS SERIES TRUST II Columbia Funds Series Trust II

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 

FORM N-CSR 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES 

Investment Company Act file number811-21852 

Columbia Funds Series Trust II 

(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:  July 31 

Date of reporting period:  July 31, 2022 

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. 


Annual Report
July 31, 2022 
Columbia Floating Rate Fund
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value

Table of Contents
If you elect to receive the shareholder report for Columbia Floating Rate Fund (the Fund) in paper, mailed to you, the Fund mails one shareholder report to each shareholder address, unless such shareholder elects to receive shareholder reports from the Fund electronically via e-mail or by having a paper notice mailed to you (Postcard Notice) that your Fund’s shareholder report is available at the Columbia funds’ website (columbiathreadneedleus.com/investor/). If you would like more than one report in paper to be mailed to you, or would like to elect to receive reports via e-mail or access them through Postcard Notice, please call shareholder services at 800.345.6611 and additional reports will be sent to you.
Proxy voting policies and procedures
The policy of the Board of Trustees is to vote the proxies of the companies in which the Fund holds investments consistent with the procedures as stated in the Statement of Additional Information (SAI). You may obtain a copy of the SAI without charge by calling 800.345.6611; contacting your financial intermediary; visiting columbiathreadneedleus.com/investor/; or searching the website of the Securities and Exchange Commission (SEC) at sec.gov. Information regarding how the Fund voted proxies relating to portfolio securities is filed with the SEC by August 31st for the most recent 12-month period ending June 30th of that year, and is available without charge by visiting columbiathreadneedleus.com/investor/, or searching the website of the SEC at sec.gov.
Quarterly schedule of investments
The Fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. The Fund’s Form N-PORT filings are available on the SEC’s website at sec.gov. The Fund’s complete schedule of portfolio holdings, as filed on Form N-PORT, is available on columbiathreadneedleus.com/investor/ or can also be obtained without charge, upon request, by calling 800.345.6611.
Additional Fund information
For more information about the Fund, please visit columbiathreadneedleus.com/investor/ or call 800.345.6611. Customer Service Representatives are available to answer your questions Monday through Friday from 8 a.m. to 7 p.m. Eastern time.
Fund investment manager
Columbia Management Investment Advisers, LLC (the Investment Manager)
290 Congress Street
Boston, MA 02210
Fund distributor
Columbia Management Investment Distributors, Inc.
290 Congress Street
Boston, MA 02210
Fund transfer agent
Columbia Management Investment Services Corp.
P.O. Box 219104
Kansas City, MO 64121-9104
Columbia Floating Rate Fund  |  Annual Report 2022

Fund at a Glance
(Unaudited)
Investment objective
The Fund seeks to provide shareholders with a high level of current income and, as a secondary objective, preservation of capital.
Portfolio management
Vesa Tontti, CFA
Lead Portfolio Manager
Managed Fund since 2019
Daniel DeYoung
Portfolio Manager
Managed Fund since 2020
Average annual total returns (%) (for the period ended July 31, 2022)
    Inception 1 Year 5 Years 10 Years
Class A Excluding sales charges 02/16/06 -2.70 2.11 3.19
  Including sales charges   -5.63 1.49 2.87
Advisor Class* 02/28/13 -2.48 2.35 3.43
Class C Excluding sales charges 02/16/06 -3.43 1.35 2.41
  Including sales charges   -4.38 1.35 2.41
Institutional Class 09/27/10 -2.47 2.35 3.45
Institutional 2 Class 08/01/08 -2.44 2.41 3.50
Institutional 3 Class* 06/01/15 -2.41 2.44 3.44
Class R 09/27/10 -2.95 1.85 2.93
Credit Suisse Leveraged Loan Index   -0.86 3.20 3.99
Returns for Class A shares are shown with and without the maximum initial sales charge of 3.00%. Returns for Class C shares are shown with and without the 1.00% contingent deferred sales charge for the first year only. The Fund’s other share classes are not subject to sales charges and have limited eligibility. Please see the Fund’s prospectus for details. Performance for different share classes will vary based on differences in sales charges and fees associated with each share class. All results shown assume reinvestment of distributions during the period. Returns do not reflect the deduction of taxes that a shareholder may pay on Fund distributions or on the redemption of Fund shares. Performance results reflect the effect of any fee waivers or reimbursements of Fund expenses by Columbia Management Investment Advisers, LLC and/or any of its affiliates. Absent these fee waivers or expense reimbursement arrangements, performance results would have been lower.
The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by contacting your financial intermediary, visiting columbiathreadneedleus.com/investor/ or calling 800.345.6611.
* The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. Since the Fund launched more than one share class at its inception, Class A shares were used. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information.
The Credit Suisse Leveraged Loan Index is an unmanaged market value-weighted index designed to represent the investable universe of the U.S. dollar-denominated leveraged loan market.
Indices are not available for investment, are not professionally managed and do not reflect sales charges, fees, brokerage commissions, taxes or other expenses of investing. Securities in the Fund may not match those in an index.
Columbia Floating Rate Fund  | Annual Report 2022
3

Fund at a Glance   (continued)
(Unaudited)
Performance of a hypothetical $10,000 investment (July 31, 2012 — July 31, 2022)
The chart above shows the change in value of a hypothetical $10,000 investment in Class A shares of Columbia Floating Rate Fund during the stated time period, and does not reflect the deduction of taxes that a shareholder may pay on Fund distributions or on the redemption of Fund shares.
Portfolio breakdown (%) (at July 31, 2022)
Common Stocks 0.3
Convertible Bonds 0.1
Convertible Preferred Stocks 0.0(a)
Corporate Bonds & Notes 4.5
Exchange-Traded Fixed Income Funds 0.2
Money Market Funds 3.7
Senior Loans 90.8
Warrants 0.4
Total 100.0
    
(a) Rounds to zero.
Percentages indicated are based upon total investments excluding investments in derivatives, if any. The Fund’s portfolio composition is subject to change.
Quality breakdown (%) (at July 31, 2022)
BBB rating 0.8
BB rating 23.9
B rating 69.5
CCC rating 5.3
CC rating 0.0(a)
Not rated 0.5
Total 100.0
    
(a) Rounds to zero.
Percentages indicated are based upon total fixed income investments.
Bond ratings apply to the underlying holdings of the Fund and not the Fund itself and are divided into categories ranging from highest to lowest credit quality, determined by using the rating assigned by Moody’s, as available. If Moody’s doesn’t rate a bond, then the S&P rating is used. When a bond is not rated by any rating agency, it is designated as “Not rated.” Credit quality ratings assigned by a rating agency are subjective opinions, not statements of fact, and are subject to change, including daily. The ratings assigned by credit rating agencies are but one of the considerations that the Investment Manager and/or Fund’s subadviser incorporates into its credit analysis process, along with such other issuer-specific factors as cash flows, capital structure and leverage ratios, ability to de-leverage (repay) through free cash flow, quality of management, market positioning and access to capital, as well as such security-specific factors as the terms of the security (e.g., interest rate and time to maturity) and the amount and type of any collateral. Additionally, the Investment Manager considers the interest rate to be paid on the investment, the portfolio’s exposure to a particular sector, and the relative value of the loan within the sector, among other factors.
 
4 Columbia Floating Rate Fund  | Annual Report 2022

Manager Discussion of Fund Performance
(Unaudited)
For the 12-month period that ended July 31, 2022, Class A shares of Columbia Floating Rate Fund returned -2.70% excluding sales charges. The Fund underperformed its benchmark, the unmanaged Credit Suisse Leveraged Loan Index, which returned -0.86%.
Market overview
Despite the slightly negative return, the U.S. leveraged loan market was a relative safe haven for investors during the highly challenging annual period for fixed-income markets around the globe. This is primarily because, given its floating rate nature, the leveraged loan market typically benefits from rising interest rates. Thus, the leveraged loan market did not encounter the same headwinds from rising interest rates as most other fixed-income sectors did during the annual period. Volatility in the leveraged loan market was also considerably more muted than in the U.S. fixed-income market as a whole. Additionally, technicals, or the supply/demand scenario, within the leveraged bank loan market remained relatively well balanced during most of the annual period, further supporting the market.
Driven by strong levels of private equity-backed leveraged buyouts and other mergers and acquisition activity, total institutional loan volume was high, with robust supply met with an equally impressive increase in demand. The third and fourth quarters of 2021, the first several months of the annual period, saw successive record-setting high levels of primary collateralized loan obligation (CLO) issuance. The high pace of issuance of new loans continued into the early months of 2022, though CLO issuance slowed. CLOs are, by far, the largest source of demand for bank loans. The demand created by CLO issuance was supported by strong inflows to retail floating rate funds, which accelerated through the first calendar quarter of 2022, as U.S. Federal Reserve (Fed) commentary trended increasingly hawkish and policy movement toward interest rate hikes actualized. (Hawkish tends to suggest higher interest rates; opposite of dovish.) Following nine months of strong performance, the leveraged loan market took a significant downturn in May 2022. The benchmark posted its second-weakest quarterly total return for the second quarter of 2022 since the Great Financial Crisis, surpassed only by the first quarter of 2020 at the onset of the COVID-19 pandemic. The market was pushed lower by outflows from floating rate retail funds as the expectations of improving distributions available to investors were outweighed by a flurry of negative headlines. Among the concerns were the ability of both corporations and consumers to withstand both persistently high inflation and tighter monetary policy, ongoing global supply chain issues and the war in Ukraine. These second quarter 2022 trends continued into the first weeks of July 2022 but then reversed during the last two weeks of the month as more active new CLO formation created heightened demand for loans, in turn improving the technical picture of the market again.
Commodity-driven industries within the benchmark, including energy and metals/minerals, performed best during the annual period. Also relatively strong were industries that are typically less impacted by economic cycles, such as utilities and food and drug. Among the industries with the weakest performance during the annual period were consumer durables, retail and housing, as there were growing concerns about the impact of inflation and higher interest rates on consumer spending. Broadcasting, healthcare and shipping were also weak, driven lower by issuer-specific, rather than industry-wide, concerns. From a credit quality perspective, those issues with higher ratings significantly outperformed lower rated issues during the annual period.
At the end of July 2022, the trailing 12-month loan default rate, examined by principal amount and inclusive of distressed exchanges, was 1.12%, as measured by JP Morgan. This was virtually equal to the rate at the end of July 2021, still meaningfully below the five-year high of 4.2% at the end of June 2020 and significantly below the historical average rate of approximately 3.1%.
The Fund’s notable detractors during the period
Selection among issues rated B3/B- and CCC detracted most from the Fund’s relative results.
Credit selection in the information technology, broadcasting, cable/wireless video and financials industries further dampened Fund performance.
Having a position in cash, albeit a modest one, detracted during the first nine months of the annual period when the benchmark rallied. From May through July 2022, the benchmark fell, and so while the Fund’s cash position contributed positively during that period, holding a larger cash balance would have benefited the Fund’s relative performance more.
Columbia Floating Rate Fund  | Annual Report 2022
5

Manager Discussion of Fund Performance  (continued)
(Unaudited)
The Fund’s notable contributors during the period
Having more exposure to higher rated loans than the benchmark contributed positively to the Fund’s relative results, as higher rated loans outperformed lower rated loans during the annual period.
Credit selection among higher quality loans also boosted Fund performance.
From an industry perspective, credit selection in gaming/leisure helped the Fund’s relative results most. Selection in the telecommunications, utilities and metals/minerals industries added value as well.
Market risk may affect a single issuer, sector of the economy, industry or the market as a whole. Fixed-income securities and loan investments present issuer default risk. A rise in interest rates may result in a price decline of fixed-income instruments held by the Fund, negatively impacting its performance and NAV. Falling rates may result in the Fund investing in lower yielding debt instruments, lowering the Fund’s income and yield. These risks may be heightened for longer maturity and duration securities. Non-investment-grade (high-yield or junk) securities or other similarly rated instruments present greater price volatility and more risk to principal and income than higher rated securities. Prepayment and extension risk exists because the timing of payments on a loan, bond or other investment may accelerate when interest rates fall or decelerate when interest rates rise which may reduce investment opportunities and potential returns. Investment in loans may include highly leveraged transactions whereby the borrower assumes large amounts of debt in order to have the financial resources to attempt to achieve its business objectives. These transactions involve greater risk (including default and bankruptcy) than other investments. Floating rate loans typically present greater risk than other fixed-income investments as they are generally subject to legal or contractual resale restrictions, may trade less frequently and experience value impairments during liquidation. See the Fund’s prospectus for more information on these and other risks.
The views expressed in this report reflect the current views of the respective parties who have contributed to this report. These views are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, so actual outcomes and results may differ significantly from the views expressed. These views are subject to change at any time based upon economic, market or other conditions and the respective parties disclaim any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Columbia fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any particular Columbia fund. References to specific securities should not be construed as a recommendation or investment advice.
6 Columbia Floating Rate Fund  | Annual Report 2022

Understanding Your Fund’s Expenses
(Unaudited)
As an investor, you incur two types of costs. There are shareholder transaction costs, which generally include sales charges on purchases and may include redemption fees. There are also ongoing fund costs, which generally include management fees, distribution and/or service fees, and other fund expenses. The following information is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to help you compare these costs with the ongoing costs of investing in other mutual funds.
Analyzing your Fund’s expenses
To illustrate these ongoing costs, we have provided examples and calculated the expenses paid by investors in each share class of the Fund during the period. The actual and hypothetical information in the table is based on an initial investment of $1,000 at the beginning of the period indicated and held for the entire period. Expense information is calculated two ways and each method provides you with different information. The amount listed in the “Actual” column is calculated using the Fund’s actual operating expenses and total return for the period. You may use the Actual information, together with the amount invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the results by the expenses paid during the period under the “Actual” column. The amount listed in the “Hypothetical” column assumes a 5% annual rate of return before expenses (which is not the Fund’s actual return) and then applies the Fund’s actual expense ratio for the period to the hypothetical return. You should not use the hypothetical account values and expenses to estimate either your actual account balance at the end of the period or the expenses you paid during the period. See “Compare with other funds” below for details on how to use the hypothetical data.
Compare with other funds
Since all mutual funds are required to include the same hypothetical calculations about expenses in shareholder reports, you can use this information to compare the ongoing cost of investing in the Fund with other funds. To do so, compare the hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds. As you compare hypothetical examples of other funds, it is important to note that hypothetical examples are meant to highlight the ongoing costs of investing in a fund only and do not reflect any transaction costs, such as sales charges, or redemption or exchange fees. Therefore, the hypothetical calculations are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. If transaction costs were included in these calculations, your costs would be higher.
February 1, 2022 — July 31, 2022
  Account value at the
beginning of the
period ($)
Account value at the
end of the
period ($)
Expenses paid during
the period ($)
Fund’s annualized
expense ratio (%)
  Actual Hypothetical Actual Hypothetical Actual Hypothetical Actual
Class A 1,000.00 1,000.00 958.80 1,019.52 4.90 5.05 1.02
Advisor Class 1,000.00 1,000.00 959.90 1,020.74 3.70 3.82 0.77
Class C 1,000.00 1,000.00 955.30 1,015.84 8.49 8.75 1.77
Institutional Class 1,000.00 1,000.00 959.90 1,020.74 3.70 3.82 0.77
Institutional 2 Class 1,000.00 1,000.00 960.10 1,020.94 3.51 3.62 0.73
Institutional 3 Class 1,000.00 1,000.00 960.20 1,021.19 3.27 3.37 0.68
Class R 1,000.00 1,000.00 957.70 1,018.29 6.10 6.29 1.27
Expenses paid during the period are equal to the annualized expense ratio for each class as indicated above, multiplied by the average account value over the period and then multiplied by the number of days in the Fund’s most recent fiscal half year and divided by 365.
Expenses do not include fees and expenses incurred indirectly by the Fund from its investment in underlying funds, including affiliated and non-affiliated pooled investment vehicles, such as mutual funds and exchange-traded funds.
Had Columbia Management Investment Advisers, LLC and/or certain of its affiliates not waived/reimbursed certain fees and expenses, account value at the end of the period would have been reduced.
Columbia Floating Rate Fund  | Annual Report 2022
7

Portfolio of Investments
July 31, 2022
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 0.2%
Issuer Shares Value ($)
Communication Services 0.0%
Media 0.0%
Clear Channel Outdoor Holdings, Inc.(a) 198,952 308,376
Star Tribune Co. (The)(a),(b),(c) 1,098
Total   308,376
Total Communication Services 308,376
Consumer Discretionary 0.0%
Multiline Retail 0.0%
Belk, Inc.(a) 231 2,252
Total Consumer Discretionary 2,252
Energy 0.1%
Energy Equipment & Services 0.1%
Covia Holdings Corp.(a) 57,253 819,434
McDermott International, Inc.(a) 184,336 94,380
Total   913,814
Oil, Gas & Consumable Fuels 0.0%
New Frontera Holdings(a) 64,498 20,156
Southcross Energy Partners LLC(a),(c) 107,918 3,237
Southcross Energy Partners LLC, Class A(a),(c) 2,041,444 153,108
Total   176,501
Total Energy 1,090,315
Industrials 0.1%
Machinery 0.1%
TNT Crane and Rigging, Inc.(a) 60,744 895,974
Total Industrials 895,974
Information Technology 0.0%
Communications Equipment 0.0%
Riverbed Technology, Inc.(a) 8,710 13,866
Total Information Technology 13,866
Total Common Stocks
(Cost $3,102,949)
2,310,783
Convertible Bonds 0.1%
Issuer Coupon
Rate
  Principal
Amount ($)
Value ($)
Cable and Satellite 0.1%
DISH Network Corp.
Subordinated
08/15/2026 3.375%   1,500,000 1,067,317
Total Convertible Bonds
(Cost $1,433,901)
1,067,317
    
Convertible Preferred Stocks 0.0%
Issuer   Shares Value ($)
Information Technology 0.0%
Communications Equipment 0.0%
Riverbed Technology, Inc. 7.000% 9,297 51,134
Total Information Technology 51,134
Total Convertible Preferred Stocks
(Cost $201,434)
51,134
    
Corporate Bonds & Notes 4.5%
Issuer Coupon
Rate
  Principal
Amount ($)
Value ($)
Brokerage/Asset Managers/Exchanges 0.4%
NFP Corp.(d)
08/15/2028 6.875%   3,750,000 3,288,760
Cable and Satellite 0.5%
DISH DBS Corp.
07/01/2026 7.750%   2,500,000 2,064,583
Radiate Holdco LLC/Finance, Inc.(d)
09/15/2026 4.500%   2,500,000 2,313,675
Total 4,378,258
Chemicals 0.1%
Herens Holdco Sarl(d)
05/15/2028 4.750%   1,053,000 869,239
Environmental 0.3%
Waste Pro USA, Inc.(d)
02/15/2026 5.500%   3,000,000 2,775,650
Finance Companies 0.2%
Provident Funding Associates LP/Finance Corp.(d)
06/15/2025 6.375%   2,500,000 2,262,944
Food and Beverage 0.2%
FAGE International SA/USA Dairy Industry, Inc.(d)
08/15/2026 5.625%   2,102,000 1,878,189
The accompanying Notes to Financial Statements are an integral part of this statement.
8 Columbia Floating Rate Fund  | Annual Report 2022

Portfolio of Investments  (continued)
July 31, 2022
Corporate Bonds & Notes (continued)
Issuer Coupon
Rate
  Principal
Amount ($)
Value ($)
Gaming 0.5%
Wynn Las Vegas LLC/Capital Corp.(d)
05/30/2023 4.250%   3,000,000 2,978,765
03/01/2025 5.500%   2,000,000 1,968,339
Total 4,947,104
Health Care 0.0%
Mozart Debt Merger Sub, Inc.(d)
04/01/2029 3.875%   355,000 320,511
Lodging 0.1%
Marriott Ownership Resorts, Inc.
01/15/2028 4.750%   1,250,000 1,134,345
Media and Entertainment 0.2%
Diamond Sports Group LLC/Finance Co.(d)
08/15/2026 5.375%   2,591,000 564,557
iHeartCommunications, Inc.
05/01/2026 6.375%   478,473 465,313
05/01/2027 8.375%   867,232 775,619
Total 1,805,489
Midstream 0.2%
EQM Midstream Partners LP(d)
07/01/2027 6.500%   2,000,000 1,998,943
Other REIT 0.4%
Ladder Capital Finance Holdings LLLP/Corp.(d)
10/01/2025 5.250%   1,000,000 944,452
02/01/2027 4.250%   3,000,000 2,676,695
Total 3,621,147
Property & Casualty 0.9%
Alliant Holdings Intermediate LLC/Co-Issuer(d)
10/15/2027 6.750%   6,614,000 6,275,958
BroadStreet Partners, Inc.(d)
04/15/2029 5.875%   3,000,000 2,593,773
Total 8,869,731
Technology 0.5%
Logan Merger Sub, Inc.(d)
09/01/2027 5.500%   2,500,000 1,835,959
NCR Corp.(d)
04/15/2029 5.125%   2,000,000 1,922,188
Sabre GLBL, Inc.(d)
09/01/2025 7.375%   500,000 495,784
Total 4,253,931
Total Corporate Bonds & Notes
(Cost $48,238,490)
42,404,241
Exchange-Traded Fixed Income Funds 0.2%
  Shares Value ($)
Floating Rate 0.2%
First Trust Senior Loan ETF 25,000 1,131,750
Invesco Senior Loan ETF 50,000 1,048,500
Total 2,180,250
Total Exchange-Traded Fixed Income Funds
(Cost $2,318,250)
2,180,250
    
Senior Loans 90.7%
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Aerospace & Defense 0.3%
TransDigm, Inc.(e),(f)
Tranche F Term Loan
1-month USD LIBOR + 2.250%
12/09/2025
4.622%   2,734,534 2,651,650
Airlines 2.6%
AAdvantage Loyalty IP Ltd./American Airlines, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 4.750%
Floor 0.750%
04/20/2028
7.460%   3,919,708 3,856,013
Air Canada(e),(f)
Term Loan
1-month USD LIBOR + 3.500%
Floor 0.750%
08/11/2028
4.250%   3,500,000 3,363,745
American Airlines, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 1.750%
06/27/2025
4.050%   6,643,122 6,067,362
1-month USD LIBOR + 1.750%
01/29/2027
4.122%   980,000 893,202
Kestrel Bidco, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 3.000%
Floor 1.000%
12/11/2026
5.030%   4,783,483 4,182,247
United AirLines, Inc.(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 3.750%
Floor 0.750%
04/21/2028
6.533%   6,292,403 6,045,426
Total 24,407,995
Automotive 1.4%
Clarios Global LP(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.250%
04/30/2026
5.622%   4,608,283 4,426,440
 
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Floating Rate Fund  | Annual Report 2022
9

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
First Brands Group LLC(e),(f)
1st Lien Term Loan
1-month Term SOFR + 5.000%
Floor 1.000%
03/30/2027
8.368%   6,366,846 6,045,320
Truck Hero, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 3.500%
Floor 0.750%
01/31/2028
5.872%   3,203,049 2,883,834
Total 13,355,594
Brokerage/Asset Managers/Exchanges 1.2%
AlixPartners LLP(e),(f)
Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
02/04/2028
5.122%   2,473,712 2,415,729
Allspring Buyer LLC(e),(f)
Term Loan
1-month USD LIBOR + 3.250%
Floor 0.500%
11/01/2028
5.563%   1,327,319 1,290,817
Citadel Securities LP(e),(f)
Term Loan
1-month Term SOFR + 2.500%
02/02/2028
4.941%   1,461,300 1,431,709
Russell Investments US Institutional Holdco, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 3.500%
Floor 1.000%
05/30/2025
5.000%   3,966,439 3,722,265
VFH Parent LLC(e),(f)
Term Loan
SOFR + 3.000%
01/13/2029
5.201%   2,211,687 2,127,820
Total 10,988,340
Building Materials 3.6%
Beacon Roofing Supply, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 2.250%
05/19/2028
4.622%   2,056,154 1,977,629
Cornerstone Building Brands, Inc.(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 3.250%
04/12/2028
5.249%   3,137,137 2,669,704
Covia Holdings LLC(e),(f)
Term Loan
1-month USD LIBOR + 4.000%
Floor 1.000%
07/31/2026
6.285%   3,080,573 2,882,893
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
CPG International LLC(e),(f)
Term Loan
1-month Term SOFR + 2.500%
Floor 0.500%
04/28/2029
4.092%   3,323,459 3,173,903
Hunter Douglas Holding BV(e),(f)
Tranche B1 Term Loan
1-month Term SOFR + 3.500%
Floor 0.500%
02/26/2029
4.842%   5,030,866 4,474,955
Park River Holdings, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.250%
Floor 0.750%
12/28/2027
5.527%   2,172,213 1,924,581
QUIKRETE Holdings, Inc.(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 2.625%
02/01/2027
4.997%   1,974,684 1,862,778
Tranche B1 1st Lien Term Loan
1-month USD LIBOR + 3.000%
06/11/2028
5.372%   1,525,588 1,448,043
SRS Distribution, Inc.(e),(f)
Term Loan
1-month Term SOFR + 3.500%
Floor 0.500%
06/02/2028
6.177%   1,717,998 1,633,885
1-month USD LIBOR + 3.500%
Floor 0.500%
06/02/2028
6.306%   3,964,962 3,771,670
Standard Industries, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 2.500%
Floor 0.500%
09/22/2028
3.788%   1,799,409 1,765,670
US Silica Co.(e),(f)
Term Loan
3-month USD LIBOR + 4.000%
Floor 1.000%
05/01/2025
6.375%   1,160,448 1,128,536
White Cap Supply Holdings LLC(e),(f)
Term Loan
1-month Term SOFR + 3.750%
Floor 0.500%
10/19/2027
6.077%   3,947,600 3,764,194
Wilsonart LLC(e),(f)
Tranche E Term Loan
1-month USD LIBOR + 3.250%
Floor 1.000%
12/31/2026
5.510%   2,242,979 2,074,755
Total 34,553,196
 
The accompanying Notes to Financial Statements are an integral part of this statement.
10 Columbia Floating Rate Fund  | Annual Report 2022

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Cable and Satellite 3.2%
Charter Communications Operating LLC(e),(f)
Tranche B2 Term Loan
3-month USD LIBOR + 1.750%
02/01/2027
4.130%   1,529,527 1,477,584
Cogeco Communications Finance LP(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 2.000%
01/03/2025
4.372%   1,973,737 1,914,525
CSC Holdings LLC(e),(f)
Term Loan
3-month USD LIBOR + 2.250%
07/17/2025
4.249%   3,865,839 3,719,247
3-month USD LIBOR + 2.250%
01/15/2026
4.249%   1,939,946 1,859,322
3-month USD LIBOR + 2.500%
04/15/2027
4.499%   972,563 926,774
Direct TV Financing LLC(e),(f)
Term Loan
1-month USD LIBOR + 5.000%
Floor 0.750%
08/02/2027
7.372%   3,996,416 3,764,943
Iridium Satellite LLC(e),(f)
Tranche B2 Term Loan
1-month USD LIBOR + 2.500%
Floor 1.000%
11/04/2026
4.872%   2,970,676 2,937,999
Radiate Holdco LLC(e),(f)
Term Loan
1-month USD LIBOR + 3.250%
Floor 0.750%
09/25/2026
5.622%   4,117,307 3,888,014
Telesat Canada(e),(f)
Tranche B5 Term Loan
3-month USD LIBOR + 2.750%
12/07/2026
5.340%   3,156,122 2,153,328
UPC Financing Partnership(e),(f)
Term Loan
1-month USD LIBOR + 3.000%
01/31/2029
4.999%   3,250,000 3,161,437
Virgin Media Bristol LLC(e),(f)
Tranche N Term Loan
3-month USD LIBOR + 2.500%
01/31/2028
4.499%   2,000,000 1,947,220
Tranche Q Term Loan
1-month USD LIBOR + 3.250%
01/31/2029
5.249%   2,175,000 2,141,984
Total 29,892,377
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Chemicals 5.5%
Aruba Investments Holdings LLC(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 4.000%
Floor 0.750%
11/24/2027
6.259%   3,471,281 3,219,613
Ascend Performance Materials Operations LLC(e),(f)
Term Loan
1-month USD LIBOR + 4.750%
Floor 0.750%
08/27/2026
7.000%   3,472,691 3,422,059
ColourOz Investment 1 GmbH(e),(f)
Tranche C 1st Lien Term Loan
3-month USD LIBOR + 4.250%
Floor 1.000%
09/21/2023
5.250%   823,548 677,368
ColourOz Investment 2 LLC(e),(f)
Tranche B2 1st Lien Term Loan
3-month USD LIBOR + 4.250%
Floor 1.000%
09/21/2023
5.250%   4,981,786 4,097,519
Diamond BV(e),(f)
Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
09/29/2028
5.555%   6,146,757 5,854,786
Herens Holdco SARL(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 4.000%
Floor 0.750%
07/03/2028
6.250%   3,603,344 3,118,694
INEOS Styrolution Group GmbH(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
01/29/2026
5.096%   2,178,000 2,062,980
INEOS US Finance LLC(e),(f)
Term Loan
1-month USD LIBOR + 2.500%
Floor 0.500%
11/08/2028
5.093%   2,438,333 2,345,872
Innophos Holdings, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 3.500%
02/05/2027
5.872%   2,714,241 2,626,029
Messer Industries GmbH(e),(f)
Tranche B1 Term Loan
3-month USD LIBOR + 2.500%
03/02/2026
4.760%   3,994,370 3,867,389
 
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Floating Rate Fund  | Annual Report 2022
11

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Nouryon Finance BV(e),(f)
Term Loan
1-month USD LIBOR + 3.000%
10/01/2025
5.250%   3,209,703 3,106,993
Olympus Water US Holding Corp.(e),(f)
Term Loan
3-month USD LIBOR + 3.750%
11/09/2028
6.063%   2,714,570 2,564,427
PMHC II, Inc.(e),(f)
Term Loan
3-month Term SOFR + 4.250%
Floor 0.500%
04/23/2029
6.977%   5,598,920 4,819,270
Schenectady International Group, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 4.750%
10/15/2025
7.205%   4,493,771 4,209,181
Sparta US Holdco LLC(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.250%
Floor 0.750%
08/02/2028
5.037%   1,990,000 1,902,102
Tronox Finance LLC(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 2.250%
03/10/2028
4.521%   1,301,296 1,247,825
Tronox Pigments(e),(f),(g)
Term Loan B
1-month Term SOFR + 3.250%
Floor 0.500%
04/04/2029
2.250%   1,995,000 1,953,863
WR Grace Holdings LLC(e),(f)
Term Loan
1-month USD LIBOR + 3.750%
Floor 0.500%
09/22/2028
6.063%   938,093 899,396
Total 51,995,366
Construction Machinery 0.3%
Columbus McKinnon Corp.(e),(f)
Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
05/14/2028
5.063%   1,341,964 1,300,028
PECF USS Intermediate Holding III Corp.(e),(f)
Term Loan
1-month USD LIBOR + 4.250%
Floor 0.500%
12/15/2028
6.622%   1,836,645 1,675,939
Total 2,975,967
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Consumer Cyclical Services 4.7%
Allied Universal Holdco LLC(e),(f)
Term Loan
1-month USD LIBOR + 3.750%
Floor 0.500%
05/12/2028
6.122%   3,469,938 3,236,966
Amentum Government Services Holdings LLC(e),(f)
Tranche 1 1st Lien Term Loan
1-month USD LIBOR + 3.750%
01/29/2027
6.122%   1,473,684 1,424,876
Tranche 3 1st Lien Term Loan
1-month Term SOFR + 4.000%
Floor 0.500%
02/15/2029
5.016%   2,175,533 2,105,502
APX Group, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
07/10/2028
5.658%   2,335,292 2,193,423
Cast & Crew LLC(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 3.500%
02/09/2026
5.872%   1,989,717 1,925,609
1-month Term SOFR + 3.750%
Floor 0.500%
12/29/2028
6.077%   2,151,972 2,084,723
Conservice Midco LLC(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 4.250%
05/13/2027
6.622%   4,446,155 4,251,636
Cushman & Wakefield U.S. Borrower LLC(e),(f)
Term Loan
1-month USD LIBOR + 2.750%
08/21/2025
5.122%   2,352,720 2,274,163
IRI Holdings, Inc.(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 4.500%
12/01/2025
8.000%   3,133,832 3,128,441
Prime Security Services Borrower LLC(e),(f)
Tranche B1 1st Lien Term Loan
1-month USD LIBOR + 2.750%
Floor 0.750%
09/23/2026
4.463%   3,291,586 3,193,299
Sotheby’s(c),(e),(f)
Term Loan
1-month USD LIBOR + 4.500%
Floor 0.500%
01/15/2027
7.012%   4,165,227 4,019,444
Staples, Inc.(e),(f)
Tranche B1 Term Loan
3-month USD LIBOR + 5.000%
04/16/2026
6.286%   1,674,847 1,445,778
 
The accompanying Notes to Financial Statements are an integral part of this statement.
12 Columbia Floating Rate Fund  | Annual Report 2022

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
TruGreen LP(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 4.000%
Floor 0.750%
11/02/2027
6.372%   1,954,924 1,871,840
Uber Technologies, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 3.500%
Floor 1.000%
04/04/2025
5.075%   4,210,717 4,131,766
1-month USD LIBOR + 3.500%
02/25/2027
5.075%   3,532,709 3,459,300
WaterBridge Midstream Operating LLC(e),(f)
Term Loan
3-month USD LIBOR + 5.750%
Floor 1.000%
06/22/2026
9.127%   1,028,550 989,660
WW International, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
04/13/2028
5.880%   4,271,875 3,169,219
Total 44,905,645
Consumer Products 1.3%
Energizer Holdings, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 2.250%
Floor 0.500%
12/22/2027
4.500%   1,641,667 1,571,896
Serta Simmons Bedding LLC(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 3.500%
Floor 1.000%
11/08/2023
6.223%   1,325,856 336,065
SRAM LLC(e),(f)
Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
05/18/2028
5.170%   2,329,091 2,233,994
SWF Holdings I Corp.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 4.000%
Floor 0.750%
10/06/2028
6.162%   3,482,366 2,903,423
Thor Industries, Inc.(c),(e),(f)
Tranche B1 Term Loan
1-month USD LIBOR + 3.000%
02/01/2026
5.375%   1,426,691 1,412,424
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Weber-Stephen Products LLC(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 3.250%
Floor 0.750%
10/30/2027
5.622%   5,134,637 4,133,383
Total 12,591,185
Diversified Manufacturing 2.7%
Bright Bidco BV(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 3.500%
Floor 1.000%
06/30/2024
4.774%   989,598 378,333
Brookfield WEC Holdings, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
08/01/2025
5.122%   1,484,925 1,430,250
Term Loan
1-month Term SOFR + 3.750%
Floor 0.500%
08/01/2025
6.036%   2,125,000 2,057,085
DXP Enterprises, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 4.750%
Floor 1.000%
12/23/2027
7.122%   2,413,250 2,289,571
Filtration Group Corp.(e),(f)
Term Loan
3-month USD LIBOR + 3.000%
03/31/2025
5.372%   2,265,319 2,212,650
1-month USD LIBOR + 3.500%
Floor 0.500%
10/21/2028
5.872%   701,651 673,760
Gates Global LLC(e),(f)
Tranche B3 Term Loan
1-month USD LIBOR + 2.500%
Floor 0.750%
03/31/2027
4.872%   2,622,068 2,522,246
Madison IAQ LLC(e),(f)
Term Loan
3-month USD LIBOR + 3.250%
06/21/2028
4.524%   3,716,493 3,528,030
TK Elevator Midco GmbH(e),(f)
Tranche B1 Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
07/30/2027
6.857%   5,573,380 5,374,132
 
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Floating Rate Fund  | Annual Report 2022
13

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Vertiv Group Corp.(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 2.750%
03/02/2027
4.548%   4,927,774 4,680,498
Total 25,146,555
Electric 1.5%
Carroll County Energy LLC(e),(f)
Term Loan
3-month USD LIBOR + 3.500%
02/16/2026
5.750%   1,240,370 1,148,372
EFS Cogen Holdings I LLC(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 3.500%
Floor 1.000%
10/01/2027
5.760%   911,796 858,229
Invenergy Thermal Operating I LLC(e),(f)
Term Loan
1-month Term SOFR + 3.750%
08/28/2025
6.191%   1,837,286 1,740,828
Lightstone Holdco LLC(e),(f)
Tranche B Term Loan
1-month Term SOFR + 5.750%
Floor 1.000%
02/01/2027
7.024%   1,748,937 1,550,940
Tranche C Term Loan
1-month Term SOFR + 5.750%
Floor 1.000%
02/01/2027
7.024%   98,919 87,720
LMBE-MC Holdco II LLC(e),(f)
Term Loan
3-month USD LIBOR + 4.000%
Floor 1.000%
12/03/2025
6.285%   2,143,268 2,052,179
Nautilus Power LLC(e),(f)
Term Loan
3-month USD LIBOR + 4.250%
Floor 1.000%
05/16/2024
6.622%   1,268,658 969,927
New Frontera Holdings LLC(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 13.000%
07/28/2026
15.250%   979,319 940,146
New Frontera Holdings LLC(c),(e),(f)
2nd Lien Term Loan
1-month USD LIBOR + 1.500%
07/28/2028
3.750%   339,370 101,811
PG&E Corp.(e),(f)
Term Loan
1-month USD LIBOR + 3.000%
Floor 1.000%
06/23/2025
5.375%   1,959,963 1,889,522
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
West Deptford Energy Holdings LLC(e),(f)
Term Loan
3-month USD LIBOR + 3.750%
08/03/2026
6.122%   1,496,404 1,074,508
WIN Waste Innovations Holdings, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
03/24/2028
5.000%   1,980,000 1,918,125
Total 14,332,307
Environmental 0.8%
EnergySolutions LLC(e),(f)
Term Loan
3-month USD LIBOR + 3.750%
Floor 1.000%
05/09/2025
6.000%   3,310,713 3,029,302
GFL Environmental, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 3.000%
Floor 1.000%
05/30/2025
5.806%   2,029,230 2,008,654
Harsco Corp.(e),(f)
Tranche B3 Term Loan
1-month USD LIBOR + 2.250%
Floor 0.500%
03/10/2028
4.625%   2,140,540 1,969,297
Rockwood Service Corp.(e),(f)
Term Loan
1-month USD LIBOR + 4.250%
01/23/2027
6.622%   1,054,389 1,028,029
Total 8,035,282
Food and Beverage 2.4%
Aramark Intermediate HoldCo Corp.(e),(f)
Tranche B5 Term Loan
1-month USD LIBOR + 2.500%
04/06/2028
4.872%   2,023,518 1,968,499
B&G Foods, Inc.(e),(f)
Tranche B4 Term Loan
3-month USD LIBOR + 2.500%
10/10/2026
4.872%   1,700,000 1,607,214
Del Monte Foods, Inc.(e),(f),(g)
1st Lien Term Loan
1-month Term SOFR + 4.250%
Floor 0.500%
05/16/2029
6.451%   4,278,687 4,107,539
Naked Juice LLC(e),(f)
1st Lien Term Loan
3-month Term SOFR + 3.250%
Floor 0.500%
01/24/2029
5.405%   3,750,000 3,574,687
 
The accompanying Notes to Financial Statements are an integral part of this statement.
14 Columbia Floating Rate Fund  | Annual Report 2022

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
2nd Lien Term Loan
1-month Term SOFR + 6.000%
Floor 0.500%
01/24/2030
8.154%   1,000,000 906,670
Primary Products Finance LLC(e),(f)
Tranche B Term Loan
1-month Term SOFR + 4.000%
Floor 0.500%
04/01/2029
6.077%   4,161,302 4,052,733
Triton Water Holdings, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
03/31/2028
5.750%   4,357,440 3,853,633
United Natural Foods, Inc.(e),(f)
Term Loan
1-month Term SOFR + 3.250%
10/22/2025
5.691%   1,975,213 1,946,415
US Foods, Inc.(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 2.750%
11/22/2028
4.325%   1,081,750 1,055,723
Total 23,073,113
Gaming 3.5%
Caesars Resort Collection LLC(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 2.750%
12/23/2024
5.122%   1,863,531 1,819,272
Tranche B1 Term Loan
1-month USD LIBOR + 3.500%
07/21/2025
5.872%   4,476,412 4,379,139
CBAC Borrower LLC(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 4.000%
07/08/2024
6.372%   3,832,350 3,714,390
Fertitta Entertainment LLC(e),(f)
Tranche B Term Loan
1-month Term SOFR + 4.000%
Floor 0.500%
01/27/2029
6.327%   4,000,901 3,807,378
Flutter Entertainment PLC(e),(f)
Term Loan
SOFR + 2.250%
07/21/2026
4.500%   3,367,428 3,299,474
HRNI Holdings LLC(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 4.250%
Floor 0.750%
12/11/2028
6.622%   4,822,944 4,551,653
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
PCI Gaming Authority(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 2.500%
05/29/2026
4.872%   2,956,220 2,869,987
Scientific Games Holdings LP(e),(f),(g)
1st Lien Term Loan
1-month Term SOFR + 3.500%
Floor 0.500%
04/04/2029
5.617%   4,881,330 4,655,568
Scientific Games International, Inc.(e),(f)
Tranche B Term Loan
1-month Term SOFR + 3.000%
Floor 0.500%
04/14/2029
5.044%   3,928,120 3,834,828
Total 32,931,689
Health Care 4.1%
Change Healthcare Holdings LLC(e),(f)
Term Loan
3-month USD LIBOR + 2.500%
Floor 1.000%
03/01/2024
4.872%   3,022,592 2,980,094
CHG Healthcare Services, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.250%
Floor 0.500%
09/29/2028
4.750%   1,985,000 1,922,254
Element Materials(e),(f),(g)
Delayed Draw Term Loan
1-month Term SOFR + 4.250%
Floor 0.500%
06/22/2029
3.250%   1,038,066 996,544
Element Materials Technology Group US Holdings, Inc.(e),(f),(g)
1st Lien Term Loan B
1-month Term SOFR + 4.250%
Floor 0.500%
06/22/2029
6.360%   2,249,144 2,159,178
Envision Healthcare Corp.(e),(f)
Term Loan
3-month USD LIBOR + 3.750%
10/10/2025
6.122%   2,789,666 721,240
ICON PLC(e),(f)
Term Loan
3-month USD LIBOR + 2.250%
07/03/2028
4.563%   3,206,292 3,144,442
3-month USD LIBOR + 2.250%
07/03/2028
4.563%   798,850 783,440
LifePoint Health, Inc.(e),(f)
Tranche B 1st Lien Term Loan
3-month USD LIBOR + 3.750%
11/16/2025
6.122%   2,171,525 2,047,054
 
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Floating Rate Fund  | Annual Report 2022
15

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Medline Borrower LP(e),(f)
Term Loan
1-month USD LIBOR + 3.250%
Floor 0.500%
10/23/2028
5.622%   5,590,464 5,330,172
National Mentor Holdings, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.750%
Floor 0.750%
03/02/2028
6.064%   2,604,705 2,201,913
Tranche C 1st Lien Term Loan
1-month USD LIBOR + 3.750%
Floor 0.750%
03/02/2028
6.010%   82,843 70,032
Owens & Minor, Inc.(e),(f)
Tranche B1 Term Loan
1-month Term SOFR + 3.750%
Floor 0.500%
03/29/2029
6.177%   2,862,090 2,847,780
Phoenix Guarantor, Inc.(e),(f)
Tranche B1 1st Lien Term Loan
1-month USD LIBOR + 3.250%
03/05/2026
5.622%   2,231,287 2,140,296
Tranche B3 1st Lien Term Loan
1-month USD LIBOR + 3.500%
03/05/2026
5.759%   987,500 948,958
Pluto Acquisition I, Inc.(c),(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 4.000%
06/22/2026
6.076%   1,933,594 1,585,547
Radiology Partners, Inc.(e),(f)
Tranche B 1st Lien Term Loan
1-month USD LIBOR + 4.250%
07/09/2025
6.464%   3,500,000 3,195,010
Select Medical Corp.(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 2.500%
03/06/2025
4.880%   2,571,818 2,508,603
Team Health Holdings, Inc.(e),(f)
Term Loan
1-month Term SOFR + 5.250%
Floor 1.000%
03/02/2027
7.577%   1,648,679 1,345,041
Upstream Newco, Inc.(e),(f)
1st Lien Term Loan
1-month Term SOFR + 4.250%
11/20/2026
6.691%   1,970,025 1,832,123
Total 38,759,721
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Independent Energy 0.9%
Hamilton Projects Acquiror LLC(e),(f)
Term Loan
1-month USD LIBOR + 4.500%
Floor 1.000%
06/17/2027
6.750%   1,666,350 1,607,328
Oryx Midstream Services Permian Basin LLC(e),(f)
Term Loan
1-month USD LIBOR + 3.250%
Floor 0.500%
10/05/2028
4.705%   2,502,166 2,432,005
Parkway Generation LLC(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 4.750%
Floor 0.750%
02/18/2029
7.122%   3,643,129 3,509,536
Tranche C Term Loan
1-month USD LIBOR + 4.750%
Floor 0.750%
02/18/2029
7.122%   511,316 492,566
Total 8,041,435
Leisure 3.4%
Alterra Mountain Co.(e),(f)
Tranche B2 Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
08/17/2028
5.872%   6,545,526 6,305,501
Carnival Corp.(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 3.250%
Floor 0.750%
10/18/2028
6.127%   7,976,917 7,388,619
Crown Finance US, Inc.(e),(f)
Tranche B1 Term Loan
1-month USD LIBOR + 7.000%
05/23/2024
7.000%   823,307 906,881
Formula One Management Ltd.(e),(f)
Tranche B3 Term Loan
3-month USD LIBOR + 2.500%
Floor 1.000%
02/01/2024
4.872%   4,000,000 3,951,440
Life Time, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 4.750%
Floor 1.000%
12/16/2024
6.325%   2,684,339 2,644,074
NAI Entertainment Holdings LLC(c),(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 2.500%
Floor 1.000%
05/08/2025
4.880%   2,941,192 2,882,368
 
The accompanying Notes to Financial Statements are an integral part of this statement.
16 Columbia Floating Rate Fund  | Annual Report 2022

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
UFC Holdings LLC(e),(f)
Tranche B3 1st Lien Term Loan
1-month USD LIBOR + 2.750%
Floor 0.750%
04/29/2026
5.520%   4,006,943 3,870,026
William Morris Endeavor Entertainment LLC(e),(f)
Tranche B1 1st Lien Term Loan
3-month USD LIBOR + 2.750%
05/18/2025
5.130%   3,988,305 3,815,492
Total 31,764,401
Lodging 1.1%
Hilton Grand Vacations Borrower LLC(e),(f)
Term Loan
1-month USD LIBOR + 3.000%
Floor 0.500%
08/02/2028
5.372%   4,240,202 4,150,097
Playa Resorts Holding BV(e),(f)
Term Loan
1-month USD LIBOR + 2.750%
Floor 1.000%
04/29/2024
5.120%   6,379,307 6,124,135
Total 10,274,232
Media and Entertainment 6.7%
AppLovin Corp.(e),(f)
Term Loan
1-month USD LIBOR + 3.000%
Floor 0.500%
10/25/2028
5.250%   5,091,497 4,938,752
Cengage Learning, Inc.(e),(f)
Tranche B 1st Lien Term Loan
1-month USD LIBOR + 4.750%
Floor 1.000%
07/14/2026
7.814%   6,280,447 5,743,971
Clear Channel Outdoor Holdings, Inc.(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 3.500%
08/21/2026
6.305%   5,419,522 4,932,470
CMG Media Corp.(e),(f)
Tranche B 1st Lien Term Loan
1-month USD LIBOR + 3.500%
12/17/2026
5.872%   2,808,481 2,630,845
Creative Artists Agency LLC(e),(f)
Term Loan
3-month USD LIBOR + 3.750%
11/27/2026
6.122%   2,934,849 2,869,871
Tranche B Term Loan
1-month Term SOFR + 4.250%
Floor 1.000%
11/27/2026
6.577%   1,618,595 1,586,223
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Diamond Sports Group LLC(e),(f)
1st Lien Term Loan
1-month Term SOFR + 8.000%
Floor 1.000%
05/25/2026
9.786%   1,304,574 1,236,084
Dotdash Meredith, Inc.(e),(f)
Tranche B Term Loan
1-month Term SOFR + 4.000%
Floor 0.500%
12/01/2028
5.699%   3,317,475 2,994,021
E.W. Scripps Co. (The)(e),(f)
Tranche B2 Term Loan
1-month USD LIBOR + 2.563%
05/01/2026
4.935%   1,466,080 1,421,732
Tranche B3 Term Loan
1-month USD LIBOR + 2.750%
Floor 0.750%
01/07/2028
5.122%   994,500 968,812
Emerald Expositions Holding, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 2.500%
05/22/2024
4.872%   2,766,670 2,645,629
Entravision Communications Corp.(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 2.750%
11/29/2024
5.122%   1,053,750 1,032,022
Gray Television, Inc.(e),(f)
Tranche D Term Loan
1-month USD LIBOR + 3.000%
12/01/2028
4.713%   2,985,000 2,913,479
Hubbard Radio LLC(e),(f)
Term Loan
3-month USD LIBOR + 4.250%
Floor 1.000%
03/28/2025
6.630%   2,555,508 2,376,622
iHeartCommunications, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 3.000%
05/01/2026
5.372%   1,703,205 1,607,399
Indy US Bidco LLC(e),(f)
Term Loan
1-month USD LIBOR + 3.750%
03/06/2028
6.065%   2,993,473 2,815,751
Learfield Communications LLC(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 3.250%
Floor 1.000%
12/01/2023
5.630%   4,159,019 3,601,877
Lions Gate Capital Holdings LLC(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 2.250%
03/24/2025
4.622%   1,388,947 1,343,806
 
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Floating Rate Fund  | Annual Report 2022
17

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
NASCAR Holdings LLC(e),(f)
Term Loan
3-month USD LIBOR + 2.500%
10/19/2026
4.872%   1,460,275 1,434,720
NEP Group, Inc.(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 3.250%
10/20/2025
5.622%   1,488,432 1,397,265
Playtika Holding Corp.(e),(f)
Tranche B1 Term Loan
1-month USD LIBOR + 2.750%
03/13/2028
5.122%   3,118,421 3,029,265
Pug LLC(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 3.500%
02/12/2027
5.872%   4,004,868 3,697,815
Sinclair Television Group, Inc.(e),(f)
Tranche B3 Term Loan
1-month USD LIBOR + 3.000%
04/01/2028
5.380%   1,473,331 1,340,997
Univision Communications, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.250%
Floor 0.750%
03/15/2026
5.622%   990,000 964,636
1-month USD LIBOR + 3.250%
Floor 0.750%
01/31/2029
5.622%   4,239,375 4,051,274
1st Lien Term Loan B
1-month Term SOFR + 4.250%
Floor 0.500%
06/24/2029
6.254%   300,000 289,251
Total 63,864,589
Midstream 2.1%
AL GCX Holdings Ltd.(e),(f),(g)
Term Loan
1-month Term SOFR + 3.750%
Floor 0.500%
05/17/2029
6.040%   3,823,458 3,763,736
Buckeye Partners LP(e),(f)
Tranche B1 Term Loan
1-month USD LIBOR + 2.250%
11/01/2026
3.916%   1,979,665 1,938,726
CQP Holdco LP(e),(f)
Term Loan
1-month USD LIBOR + 3.750%
Floor 0.500%
06/05/2028
6.000%   2,376,000 2,302,415
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
GIP III Stetson I LP(e),(f)
Term Loan
3-month USD LIBOR + 4.250%
07/18/2025
6.622%   4,093,031 3,842,332
ITT Holdings LLC(e),(f)
Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
07/10/2028
5.122%   4,365,838 4,147,546
Prairie ECI Acquiror LP(e),(f)
Term Loan
1-month USD LIBOR + 4.750%
03/11/2026
7.122%   1,637,500 1,512,133
Traverse Midstream Partners LLC(e),(f)
Term Loan
1-month Term SOFR + 4.250%
Floor 1.000%
09/27/2024
5.250%   2,613,556 2,569,988
Total 20,076,876
Oil Field Services 0.7%
Apergy Corp.(e),(f)
Tranche B Term Loan
1-month Term SOFR + 3.250%
Floor 0.500%
06/07/2029
5.080%   4,000,000 3,965,000
Lealand Finance Company BV(e),(f)
Term Loan
1-month USD LIBOR + 3.000%
06/28/2024
5.372%   33,314 19,988
Lealand Finance Company BV(c),(e),(f)
Term Loan
3-month USD LIBOR + 1.000%
06/30/2025
3.372%   439,620 206,621
MRC Global, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 3.000%
09/20/2024
5.372%   2,159,483 2,086,061
Total 6,277,670
Other Financial Institutions 1.5%
FinCo I LLC(e),(f)
Term Loan
1-month USD LIBOR + 2.500%
06/27/2025
4.872%   1,851,362 1,830,534
Freeport LNG Investments LLP(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
12/21/2028
6.210%   5,977,125 5,596,083
 
The accompanying Notes to Financial Statements are an integral part of this statement.
18 Columbia Floating Rate Fund  | Annual Report 2022

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
IGT Holding IV AB(e),(f)
Tranche B2 Term Loan
1-month USD LIBOR + 3.400%
Floor 0.500%
03/31/2028
5.650%   4,332,033 4,191,242
Trans Union LLC(e),(f)
Tranche B6 Term Loan
1-month USD LIBOR + 2.250%
Floor 0.500%
12/01/2028
4.622%   2,641,001 2,573,339
Total 14,191,198
Other Industry 1.1%
APi Group, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 2.500%
10/01/2026
4.872%   1,664,755 1,629,379
1-month USD LIBOR + 2.750%
01/03/2029
5.122%   1,590,655 1,555,660
Hillman Group, Inc. (The)(e),(f),(g),(h)
Delayed Draw Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
07/14/2028
2.929%   421,688 402,889
Hillman Group, Inc. (The)(e),(f)
Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
07/14/2028
5.009%   1,748,391 1,670,448
Husky Injection Molding Systems Ltd.(e),(f)
Term Loan
3-month USD LIBOR + 3.000%
03/28/2025
5.877%   1,994,792 1,869,120
Vericast Corp.(e),(f)
Term Loan
1-month USD LIBOR + 7.750%
Floor 1.000%
06/16/2026
10.000%   1,077,822 819,145
WireCo WorldGroup, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 4.250%
Floor 0.500%
11/13/2028
5.688%   2,967,517 2,833,979
Total 10,780,620
Packaging 3.0%
Altium Packaging LLC(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
02/03/2028
5.130%   1,373,913 1,301,041
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Anchor Glass Container Corp.(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 2.750%
Floor 1.000%
12/07/2023
5.099%   1,559,662 1,240,321
1-month USD LIBOR + 5.000%
Floor 1.000%
12/07/2023
7.372%   472,800 374,694
2nd Lien Term Loan
3-month USD LIBOR + 7.750%
Floor 1.000%
12/07/2024
10.098%   333,333 133,333
Charter Next Generation, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.750%
Floor 0.750%
12/01/2027
6.556%   4,753,927 4,558,588
Clydesdale Acquisition Holdings, Inc.(e),(f)
1st Lien Term Loan B
1-month Term SOFR + 4.175%
Floor 0.500%
04/13/2029
6.602%   3,900,000 3,739,125
Graham Packaging Co., Inc.(e),(f)
Term Loan
1-month USD LIBOR + 3.000%
Floor 0.750%
08/04/2027
5.372%   2,055,757 1,978,379
Mauser Packaging Solutions Holding Co.(e),(f)
Term Loan
3-month USD LIBOR + 3.250%
04/03/2024
5.037%   1,979,167 1,889,689
Packaging Coordinators Midco, Inc.(e),(f)
Tranche B 1st Lien Term Loan
3-month USD LIBOR + 3.750%
11/30/2027
6.000%   3,687,602 3,542,089
Pactiv Evergreen, Inc.(e),(f)
Tranche B2 Term Loan
1-month USD LIBOR + 3.250%
02/05/2026
5.622%   1,034,250 1,001,071
Tranche B3 Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
09/24/2028
5.872%   2,815,760 2,721,742
Tosca Services LLC(e),(f)
Term Loan
1-month Term SOFR + 3.500%
Floor 0.750%
08/18/2027
5.872%   3,964,937 3,524,829
 
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Floating Rate Fund  | Annual Report 2022
19

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Trident TPI Holdings, Inc.(e),(f),(g),(h)
Delayed Draw Tranche B3 Term Loan
1-month USD LIBOR + 4.000%
Floor 0.500%
09/15/2028
5.410%   296,609 281,594
Trident TPI Holdings, Inc.(e),(f)
Tranche B3 Term Loan
1-month USD LIBOR + 4.000%
Floor 0.500%
09/15/2028
6.250%   2,084,034 1,978,540
Twist Beauty International Holdings S.A.(c),(e),(f)
Tranche B2 Term Loan
3-month USD LIBOR + 3.000%
Floor 1.000%
04/20/2024
4.000%   621,783 553,387
Total 28,818,422
Pharmaceuticals 1.7%
Bausch Health Companies, Inc.(e),(f)
Term Loan
1-month Term SOFR + 5.250%
Floor 0.500%
02/01/2027
7.174%   2,000,000 1,677,500
Elanco Animal Health, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 1.750%
08/01/2027
3.463%   1,913,837 1,848,345
Grifols Worldwide Operations Ltd.(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 2.000%
11/15/2027
4.372%   2,164,770 2,065,559
Jazz Pharmaceuticals PLC(e),(f)
Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
05/05/2028
5.872%   2,376,000 2,317,598
Mallinckrodt International Finance SA(e),(f)
Term Loan
3-month USD LIBOR + 5.500%
Floor 0.750%
09/30/2027
7.503%   1,677,619 1,390,629
Organon & Co.(e),(f)
Term Loan
1-month USD LIBOR + 3.000%
Floor 0.500%
06/02/2028
4.625%   2,546,103 2,498,363
Sunshine Luxembourg VII SARL(e),(f)
Tranche B3 Term Loan
1-month USD LIBOR + 3.750%
Floor 0.750%
10/01/2026
6.000%   4,907,391 4,677,382
Total 16,475,376
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Property & Casualty 2.6%
Asurion LLC(e),(f)
Tranche B3 2nd Lien Term Loan
1-month USD LIBOR + 5.250%
01/31/2028
7.622%   1,600,000 1,368,000
Tranche B4 2nd Lien Term Loan
1-month USD LIBOR + 5.250%
01/20/2029
7.622%   2,355,981 2,012,008
Tranche B6 Term Loan
3-month USD LIBOR + 3.125%
11/03/2023
5.497%   832,063 816,761
Tranche B7 Term Loan
3-month USD LIBOR + 3.000%
11/03/2024
5.372%   1,315,188 1,266,960
Tranche B8 Term Loan
1-month USD LIBOR + 3.250%
12/23/2026
5.622%   1,994,880 1,871,038
Tranche B9 Term Loan
1-month USD LIBOR + 3.250%
07/31/2027
5.622%   1,481,250 1,390,153
Hub International Ltd.(e),(f)
Term Loan
1-month USD LIBOR + 3.000%
Floor 0.750%
04/25/2025
5.766%   4,457,563 4,339,259
Tranche B3 Term Loan
1-month USD LIBOR + 3.250%
Floor 0.750%
04/25/2025
5.981%   2,125,718 2,076,571
Sedgwick Claims Management Services, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 3.250%
12/31/2025
5.622%   2,399,125 2,320,026
Sedgwick Claims Management Services, Inc. (e),(f)
Term Loan
3-month USD LIBOR + 3.750%
09/03/2026
6.122%   1,237,245 1,200,128
USI, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 3.000%
05/16/2024
5.250%   4,539,194 4,455,491
1-month USD LIBOR + 3.250%
12/02/2026
5.500%   1,964,784 1,909,771
Total 25,026,166
Railroads 0.2%
Genesee & Wyoming, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 2.000%
12/30/2026
4.250%   1,969,773 1,931,205
 
The accompanying Notes to Financial Statements are an integral part of this statement.
20 Columbia Floating Rate Fund  | Annual Report 2022

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Restaurants 1.4%
1011778 BC ULC(e),(f)
Tranche B4 Term Loan
3-month USD LIBOR + 1.750%
11/19/2026
4.122%   4,168,366 4,036,813
Carrols Restaurant Group, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 3.250%
04/30/2026
5.550%   1,466,943 1,273,189
IRB Holding Corp.(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 2.750%
Floor 1.000%
02/05/2025
5.122%   1,237,080 1,204,384
1-month Term SOFR + 3.000%
Floor 0.750%
12/15/2027
4.836%   1,970,000 1,886,275
Whatabrands LLC(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 3.250%
Floor 0.500%
08/03/2028
5.622%   4,762,785 4,526,360
Total 12,927,021
Retailers 2.2%
Belk, Inc.(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 7.500%
Floor 1.000%
07/31/2025
9.006%   532,052 473,862
Great Outdoors Group LLC(e),(f)
Tranche B2 Term Loan
1-month USD LIBOR + 3.750%
Floor 0.750%
03/06/2028
6.122%   6,328,641 5,774,885
Harbor Freight Tools USA, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 2.750%
Floor 0.500%
10/19/2027
5.122%   4,927,575 4,554,163
PetSmart LLC(e),(f)
Term Loan
1-month USD LIBOR + 3.750%
Floor 0.750%
02/11/2028
6.120%   5,949,950 5,724,328
Restoration Hardware(e),(f)
Term Loan
1-month Term SOFR + 3.250%
Floor 0.500%
10/20/2028
5.677%   4,461,889 4,056,615
Total 20,583,853
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Technology 21.1%
Arches Buyer, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 3.250%
Floor 0.500%
12/06/2027
5.622%   5,366,150 4,919,418
Ascend Learning LLC(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
12/11/2028
5.872%   2,189,461 2,068,361
2nd Lien Term Loan
1-month USD LIBOR + 5.750%
Floor 0.500%
12/10/2029
8.122%   4,746,828 4,177,209
athenahealth Group, Inc.(e),(f),(g),(h)
Delayed Draw Term Loan
1-month Term SOFR + 3.500%
Floor 0.500%
02/15/2029
3.500%   956,581 909,948
athenahealth Group, Inc.(e),(f)
Term Loan
1-month Term SOFR + 3.500%
Floor 0.500%
02/15/2029
5.653%   5,643,828 5,368,692
Atlas CC Acquisition Corp.(e),(f)
Tranche B 1st Lien Term Loan
1-month USD LIBOR + 4.250%
Floor 0.750%
05/25/2028
5.825%   3,796,743 3,545,209
Tranche C 1st Lien Term Loan
1-month USD LIBOR + 4.250%
Floor 0.750%
05/25/2028
5.825%   772,219 721,059
Atlas Purchaser, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 5.250%
Floor 0.750%
05/08/2028
6.621%   3,964,975 3,187,681
Avaya, Inc.(e),(f)
Tranche B1 Term Loan
1-month USD LIBOR + 4.250%
12/15/2027
6.249%   2,982,808 1,457,848
Tranche B2 Term Loan
1-month USD LIBOR + 4.000%
12/15/2027
5.999%   1,695,555 835,909
Barracuda Networks, Inc.(e),(f),(g)
Tranche B Term Loan
1-month Term SOFR + 4.500%
Floor 0.500%
05/17/2029
5.534%   2,666,667 2,568,880
 
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Floating Rate Fund  | Annual Report 2022
21

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Camelot U.S. Acquisition 1 Co.(e),(f)
Term Loan
1-month USD LIBOR + 3.000%
Floor 1.000%
10/30/2026
5.372%   2,711,219 2,638,910
1-month USD LIBOR + 3.000%
10/30/2026
5.372%   2,234,752 2,176,783
Celestica, Inc.(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 2.125%
06/27/2025
4.425%   2,531,786 2,481,150
Central Parent Inc.(e),(f)
1st Lien Term Loan B
1-month Term SOFR + 4.500%
Floor 0.500%
07/06/2029
6.610%   1,020,941 990,956
Cloudera, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.750%
Floor 0.500%
10/08/2028
6.122%   2,727,071 2,577,082
CommScope, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 3.250%
04/06/2026
5.622%   1,998,581 1,878,666
CoreLogic, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
06/02/2028
5.875%   3,721,875 3,121,723
Cornerstone OnDemand, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.750%
Floor 0.500%
10/16/2028
6.122%   4,670,777 4,352,604
Cyxtera DC Holdings, Inc.(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 3.000%
Floor 1.000%
05/01/2024
5.790%   1,928,730 1,853,298
Dawn Acquisition LLC(e),(f)
Term Loan
3-month USD LIBOR + 3.750%
12/31/2025
6.000%   5,239,097 4,123,903
DCert Buyer, Inc.(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 4.000%
10/16/2026
6.372%   5,954,045 5,747,796
Dun & Bradstreet Corp. (The)(e),(f)
Term Loan
3-month USD LIBOR + 3.250%
02/06/2026
5.550%   3,589,504 3,487,813
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Tranche B2 Term Loan
1-month Term SOFR + 3.250%
01/18/2029
5.536%   1,001,317 967,212
Endurance International Group Holdings, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 3.500%
Floor 0.750%
02/10/2028
5.291%   3,235,822 2,966,181
Everi Holdings, Inc.(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 2.500%
08/03/2028
4.750%   2,513,469 2,452,517
Evertec Group LLC(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 3.500%
11/27/2024
5.872%   2,317,165 2,276,615
GoTo Group, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 4.750%
08/31/2027
6.912%   5,449,861 4,143,966
Idemia Group SAS(e),(f)
Tranche B3 Term Loan
1-month USD LIBOR + 4.250%
Floor 0.750%
01/10/2026
6.750%   4,333,441 4,062,601
Idera, Inc.(e),(f)
Tranche B1 1st Lien Term Loan
1-month USD LIBOR + 3.750%
Floor 0.750%
03/02/2028
5.470%   3,169,045 2,944,581
II-VI, Inc.(e),(f)
Term Loan B
1-month USD LIBOR + 2.750%
Floor 0.500%
07/02/2029
4.463%   2,341,613 2,273,308
Informatica LLC(e),(f)
Term Loan
1-month USD LIBOR + 2.750%
10/27/2028
5.125%   3,715,667 3,606,537
Ingram Micro, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
06/30/2028
5.750%   4,679,239 4,585,654
ION Trading Finance Ltd.(e),(f)
Term Loan
1-month USD LIBOR + 4.750%
04/01/2028
7.000%   3,916,727 3,750,266
 
The accompanying Notes to Financial Statements are an integral part of this statement.
22 Columbia Floating Rate Fund  | Annual Report 2022

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Loyalty Ventures, Inc.(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 4.500%
Floor 0.500%
11/03/2027
6.872%   2,997,875 2,208,445
Lummus Technology Holdings V LLC(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 3.500%
Floor 1.000%
06/30/2027
5.872%   3,864,240 3,630,453
MA FinanceCo LLC(e),(f)
Tranche B4 Term Loan
1-month USD LIBOR + 4.250%
Floor 1.000%
06/05/2025
5.915%   2,087,512 1,831,792
McAfee LLC(e),(f)
Tranche B1 Term Loan
1-month Term SOFR + 4.000%
Floor 0.500%
03/01/2029
5.699%   5,098,149 4,858,128
Misys Ltd.(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 3.500%
Floor 1.000%
06/13/2024
6.871%   5,918,568 5,515,750
Mitchell International, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.750%
Floor 0.500%
10/15/2028
5.912%   4,835,544 4,573,216
Mitnick Corporate Purchaser, Inc.(e),(f)
Term Loan
1-month Term SOFR + 4.750%
Floor 0.500%
05/02/2029
6.047%   1,207,919 1,170,678
MKS Instruments, inc.(e),(f),(g)
Term Loan
1-month USD LIBOR + 2.251%
Floor 0.500%
04/11/2029
2.750%   1,698,010 1,659,805
Monotype Imaging Holdings, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 5.000%
Floor 0.750%
10/09/2026
7.250%   1,910,563 1,819,811
MYOB US Borrower LLC(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 4.000%
05/06/2026
6.372%   1,600,500 1,522,476
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Natel Engineering Co., Inc.(c),(e),(f)
Term Loan
3-month USD LIBOR + 6.250%
Floor 1.000%
04/30/2026
7.743%   2,875,558 2,645,514
NCR Corp.(e),(f)
Term Loan
1-month USD LIBOR + 2.500%
08/28/2026
5.310%   1,947,184 1,896,888
NortonLifeLock, Inc.(e),(f),(g)
Term Loan
SOFR + 2.000%
Floor 0.500%
01/28/2029
2.500%   3,620,943 3,521,367
Peraton Corp.(e),(f)
Tranche B 1st Lien Term Loan
3-month USD LIBOR + 3.750%
Floor 0.750%
02/01/2028
6.122%   4,964,344 4,818,542
Pitney Bowes, Inc.(e),(f)
Tranche B Term Loan
1-month USD LIBOR + 4.000%
03/17/2028
6.380%   2,058,374 1,831,953
Presidio Holdings, Inc.(e),(f)
Term Loan
1-month USD LIBOR + 3.500%
01/22/2027
6.291%   1,727,960 1,680,441
Proofpoint, Inc.(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 3.250%
Floor 0.500%
08/31/2028
4.825%   1,990,000 1,908,191
Rackspace Technology Global, Inc.(e),(f)
Tranche B 1st Lien Term Loan
1-month USD LIBOR + 2.750%
Floor 0.750%
02/15/2028
4.160%   4,216,824 3,865,647
Riverbed Technology LLC(e),(f)
Term Loan
1-month USD LIBOR + 6.000%
Floor 1.000%
12/07/2026
7.630%   1,063,007 486,995
Sabre GLBL, Inc.(e),(f)
Tranche B Term Loan
1-month Term SOFR + 4.250%
Floor 0.500%
06/30/2028
6.677%   282,663 274,449
Tranche B1 Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
12/17/2027
5.872%   731,672 697,466
 
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Floating Rate Fund  | Annual Report 2022
23

Portfolio of Investments  (continued)
July 31, 2022
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
Tranche B2 Term Loan
1-month USD LIBOR + 3.500%
Floor 0.500%
12/17/2027
5.872%   1,166,329 1,111,803
Seattle SpinCo, Inc.(e),(f)
Term Loan
3-month USD LIBOR + 2.750%
06/21/2024
5.122%   2,965,720 2,750,705
Seattle SpinCo, Inc.(c),(e),(f)
Tranche B1 Term Loan
1-month Term SOFR + 4.000%
Floor 0.500%
02/26/2027
6.253%   1,861,767 1,624,392
Sitel Group(e),(f)
Term Loan
1-month USD LIBOR + 3.750%
Floor 0.500%
08/28/2028
6.010%   2,050,143 1,996,326
Sophia LP(e),(f)
Tranche B 1st Lien Term Loan
1-month USD LIBOR + 3.250%
Floor 0.500%
10/07/2027
5.500%   1,773,101 1,703,950
Sovos Compliance LLC(e),(f)
1st Lien Term Loan
1-month USD LIBOR + 4.500%
08/11/2028
6.872%   2,920,302 2,842,418
SS&C Technologies Holdings, Inc.(e),(f)
Tranche B3 Term Loan
1-month USD LIBOR + 1.750%
04/16/2025
4.122%   665,464 649,140
Tranche B4 Term Loan
1-month USD LIBOR + 1.750%
04/16/2025
4.122%   540,215 526,964
Tempo Acquisition LLC(e),(f)
Tranche B1 Term Loan
1-month Term SOFR + 3.000%
Floor 0.500%
08/31/2028
5.327%   4,945,037 4,832,538
TIBCO Software, Inc.(e),(f)
2nd Lien Term Loan
1-month USD LIBOR + 7.250%
03/03/2028
9.630%   1,250,000 1,238,125
Tranche B3 Term Loan
1-month USD LIBOR + 3.750%
06/30/2026
6.130%   2,178,728 2,159,664
TTM Technologies, Inc.(e),(f)
Tranche B Term Loan
3-month USD LIBOR + 2.500%
09/28/2024
4.213%   1,020,496 1,012,842
Senior Loans (continued)
Borrower Coupon
Rate
  Principal
Amount ($)
Value ($)
UKG, Inc.(e),(f)
1st Lien Term Loan
3-month USD LIBOR + 3.750%
05/04/2026
6.122%   2,200,435 2,137,173
1-month USD LIBOR + 3.250%
Floor 0.500%
05/04/2026
5.535%   2,955,206 2,860,551
2nd Lien Term Loan
1-month USD LIBOR + 5.250%
Floor 0.500%
05/03/2027
7.535%   2,517,589 2,405,203