UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-04367
(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:
Last Day of August
Date of reporting period:
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders
Annual Shareholder Report | August 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class A | $ | % |
Management's Discussion of Fund Performance
The performance of Class A shares for the period presented is shown in the Average Annual Total Returns table.
Top Performance Contributors
Allocations
| Selections in the information technology, materials and health care sectors boosted the Fund’s equity results most during the annual period. Smaller allocations to the consumer discretionary sector, larger allocations to the communication services sector, and smaller allocations to the real estate sector buoyed equity results. Sector allocation was the biggest driver of positive fixed-income performance with non-agency residential mortgage-backed securities contributing most. Positioning in asset-backed securities (ABS) was additive, highlighted by holdings of fixed auto and fixed equipment and other fixed ABS. Exposure to high yield was additive as lower quality outperformed. Duration and yield-curve positioning also contributed to relative fixed-income performance.Stock selection
| Positions in Nvidia, a leading provider of artificial intelligence hardware and software; Uber, one of the largest ridesharing companies across the globe; and GE Aerospace, an aircraft engine supplier, were among the top contributors to the Fund’s equity performance. Security selection was the second largest contributor of fixed-income performance with investment-grade corporates, specifically industrials, ABS and commercial mortgage-backed securities contributing the most.Top Performance Detractors
Allocations
| Selections in the financials, consumer staples and communication services sectors hurt the Fund’s equity results during the annual period. A smaller weighting to the information technology sector and larger weightings to the industrials and energy sectors detracted from equity performance. Security selection within investment-grade corporates contributed to positive fixed-income performance, however, an underweight exposure to the sector compared to the benchmark detracted from relative performance.Stock selection
| Fund positions in Nike, the global retailer of athletic apparel and equipment; Chevron, an energy company specializing in oil and gas; and United Parcel Service (UPS), a global shipping and logistics company, were among the top detractors to the Fund’s equity performance.Fund Performance
The following shows the change in value of a hypothetical $10,000 investment in Class A shares of the Fund during the stated time period.
Growth of $10,000
| Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
| ( ) |
Past performance does not guarantee future performance
.Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Management services fees (represents 0.57% of Fund average net assets) | $ |
| Portfolio turnover for the reporting period | |
| Portfolio turnover for the reporting period excluding to be announced (TBA) securities | 47% |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as
a
percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.Top Holdings
| Microsoft Corp. | % |
| Apple, Inc. | % |
| NVIDIA Corp. | % |
| Amazon.com, Inc. | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 3.000% | % |
| iShares Core MSCI EAFE ETF | % |
| Meta Platforms, Inc., Class A | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 5.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.500% | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Annual Shareholder Report | August 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Advisor Class | $ | % |
Management's Discussion of Fund Performance
The performance of Advisor Class shares for the period presented is shown in the Average Annual Total Returns table.
Top Performance Contributors
Allocations
| Selections in the information technology, materials and health care sectors boosted the Fund’s equity results most during the annual period. Smaller allocations to the consumer discretionary sector, larger allocations to the communication services sector, and smaller allocations to the real estate sector buoyed equity results. Sector allocation was the biggest driver of positive fixed-income performance with non-agency residential mortgage-backed securities contributing most. Positioning in asset-backed securities (ABS) was additive, highlighted by holdings of fixed auto and fixed equipment and other fixed ABS. Exposure to high yield was additive as lower quality outperformed. Duration and yield-curve positioning also contributed to relative fixed-income performance.Stock selection
| Positions in Nvidia, a leading provider of artificial intelligence hardware and software; Uber, one of the largest ridesharing companies across the globe; and GE Aerospace, an aircraft engine supplier, were among the top contributors to the Fund’s equity performance. Security selection was the second largest contributor of fixed-income performance with investment-grade corporates, specifically industrials, ABS and commercial mortgage-backed securities contributing the most.Top Performance Detractors
Allocations
| Selections in the financials, consumer staples and communication services sectors hurt the Fund’s equity results during the annual period. A smaller weighting to the information technology sector and larger weightings to the industrials and energy sectors detracted from equity performance. Security selection within investment-grade corporates contributed to positive fixed-income performance, however, an underweight exposure to the sector compared to the benchmark detracted from relative performance.Stock selection
| Fund positions in Nike, the global retailer of athletic apparel and equipment; Chevron, an energy company specializing in oil and gas; and United Parcel Service (UPS), a global shipping and logistics company, were among the top detractors to the Fund’s equity performance.Fund Performance
The following shows the change in value of a hypothetical $10,000 investment in Advisor Class shares of the Fund during the stated time period.
Growth of $10,000
| Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
| ( ) |
Past performance does not guarantee future performance
.Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Management services fees (represents 0.57% of Fund average net assets) | $ |
| Portfolio turnover for the reporting period | |
| Portfolio turnover for the reporting period excluding to be announced (TBA) securities | 47% |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a
p
ercentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.Top Holdings
| Microsoft Corp. | % |
| Apple, Inc. | % |
| NVIDIA Corp. | % |
| Amazon.com, Inc. | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 3.000% | % |
| iShares Core MSCI EAFE ETF | % |
| Meta Platforms, Inc., Class A | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 5.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.500% | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Annual Shareholder Report | August 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class C | $ | % |
Management's Discussion of Fund Performance
The performance of Class C shares for the period presented is shown in the Average Annual Total Returns table.
Top Performance Contributors
Allocations
| Selections in the information technology, materials and health care sectors boosted the Fund’s equity results most during the annual period. Smaller allocations to the consumer discretionary sector, larger allocations to the communication services sector, and smaller allocations to the real estate sector buoyed equity results. Sector allocation was the biggest driver of positive fixed-income performance with non-agency residential mortgage-backed securities contributing most. Positioning in asset-backed securities (ABS) was additive, highlighted by holdings of fixed auto and fixed equipment and other fixed ABS. Exposure to high yield was additive as lower quality outperformed. Duration and yield-curve positioning also contributed to relative fixed-income performance.Stock selection
| Positions in Nvidia, a leading provider of artificial intelligence hardware and software; Uber, one of the largest ridesharing companies across the globe; and GE Aerospace, an aircraft engine supplier, were among the top contributors to the Fund’s equity performance. Security selection was the second largest contributor of fixed-income performance with investment-grade corporates, specifically industrials, ABS and commercial mortgage-backed securities contributing the most.Top Performance Detractors
Allocations
| Selections in the financials, consumer staples and communication services sectors hurt the Fund’s equity results during the annual period. A smaller weighting to the information technology sector and larger weightings to the industrials and energy sectors detracted from equity performance. Security selection within investment-grade corporates contributed to positive fixed-income performance, however, an underweight exposure to the sector compared to the benchmark detracted from relative performance.Stock selection
| Fund positions in Nike, the global retailer of athletic apparel and equipment; Chevron, an energy company specializing in oil and gas; and United Parcel Service (UPS), a global shipping and logistics company, were among the top detractors to the Fund’s equity performance.Fund Performance
The following shows the change in value of a hypothetical $10,000 investment in Class C shares of the Fund during the stated time period.
Growth of $10,000
| Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
| ( ) |
Past performance does not guarantee future performance
.Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Management services fees (represents 0.57% of Fund average net assets) | $ |
| Portfolio turnover for the reporting period | |
| Portfolio turnover for the reporting period excluding to be announced (TBA) securities | 47% |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentag
e o
f Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.Top Holdings
| Microsoft Corp. | % |
| Apple, Inc. | % |
| NVIDIA Corp. | % |
| Amazon.com, Inc. | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 3.000% | % |
| iShares Core MSCI EAFE ETF | % |
| Meta Platforms, Inc., Class A | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 5.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.500% | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Annual Shareholder Report | August 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional Class | $ | % |
Management's Discussion of Fund Performance
The performance of Institutional Class shares for the period presented is shown in the Average Annual Total Returns table.
Top Performance Contributors
Allocations
| Selections in the information technology, materials and health care sectors boosted the Fund’s equity results most during the annual period. Smaller allocations to the consumer discretionary sector, larger allocations to the communication services sector, and smaller allocations to the real estate sector buoyed equity results. Sector allocation was the biggest driver of positive fixed-income performance with non-agency residential mortgage-backed securities contributing most. Positioning in asset-backed securities (ABS) was additive, highlighted by holdings of fixed auto and fixed equipment and other fixed ABS. Exposure to high yield was additive as lower quality outperformed. Duration and yield-curve positioning also contributed to relative fixed-income performance.Stock selection
| Positions in Nvidia, a leading provider of artificial intelligence hardware and software; Uber, one of the largest ridesharing companies across the globe; and GE Aerospace, an aircraft engine supplier, were among the top contributors to the Fund’s equity performance. Security selection was the second largest contributor of fixed-income performance with investment-grade corporates, specifically industrials, ABS and commercial mortgage-backed securities contributing the most.Top Performance Detractors
Allocations
| Selections in the financials, consumer staples and communication services sectors hurt the Fund’s equity results during the annual period. A smaller weighting to the information technology sector and larger weightings to the industrials and energy sectors detracted from equity performance. Security selection within investment-grade corporates contributed to positive fixed-income performance, however, an underweight exposure to the sector compared to the benchmark detracted from relative performance.Stock selection
| Fund positions in Nike, the global retailer of athletic apparel and equipment; Chevron, an energy company specializing in oil and gas; and United Parcel Service (UPS), a global shipping and logistics company, were among the top detractors to the Fund’s equity performance.Fund Performance
The following shows the change in value of a hypothetical $10,000 investment in Institutional Class shares of the Fund during the stated time period.
Growth of $10,000
| Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
| ( ) |
Past performance does not guarantee future performance
.Key Fu
nd
Statistics| Fund net a ss ets | $ |
| Total number of portfolio holdings | |
| Management services fees (represents 0.57% of Fund average net assets) | $ |
| Portfolio turnover for the reporting period | |
| Portfolio turnover for the reporting period excluding to be announced (TB A ) securities | 47% |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage
of F
und net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.Top Holdi
n
gs| Microsoft Corp. | % |
| Apple, Inc. | % |
| NVIDIA Corp. | % |
| Amazon.com, Inc. | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 3.000% | % |
| iShares Core MSCI EAFE ETF | % |
| Meta Platforms, Inc., Class A | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 5.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.500% | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Annual Shareholder Report | August 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional 2 Class | $ | % |
Management's Discussion of Fund Performance
The performance of Institutional 2 Class shares for the period presented is shown in the Average Annual Total Returns table.
Top Performance Contributors
Allocations
| Selections in the information technology, materials and health care sectors boosted the Fund’s equity results most during the annual period. Smaller allocations to the consumer discretionary sector, larger allocations to the communication services sector, and smaller allocations to the real estate sector buoyed equity results. Sector allocation was the biggest driver of positive fixed-income performance with non-agency residential mortgage-backed securities contributing most. Positioning in asset-backed securities (ABS) was additive, highlighted by holdings of fixed auto and fixed equipment and other fixed ABS. Exposure to high yield was additive as lower quality outperformed. Duration and yield-curve positioning also contributed to relative fixed-income performance.Stock selection
| Positions in Nvidia, a leading provider of artificial intelligence hardware and software; Uber, one of the largest ridesharing companies across the globe; and GE Aerospace, an aircraft engine supplier, were among the top contributors to the Fund’s equity performance. Security selection was the second largest contributor of fixed-income performance with investment-grade corporates, specifically industrials, ABS and commercial mortgage-backed securities contributing the most.Top Performance Detractors
Allocations
| Selections in the financials, consumer staples and communication services sectors hurt the Fund’s equity results during the annual period. A smaller weighting to the information technology sector and larger weightings to the industrials and energy sectors detracted from equity performance. Security selection within investment-grade corporates contributed to positive fixed-income performance, however, an underweight exposure to the sector compared to the benchmark detracted from relative performance.Stock selection
| Fund positions in Nike, the global retailer of athletic apparel and equipment; Chevron, an energy company specializing in oil and gas; and United Parcel Service (UPS), a global shipping and logistics company, were among the top detractors to the Fund’s equity performance.Fund Performance
The following shows the change in value of a hypothetical $10,000 investment in Institutional 2 Class shares of the Fund during the stated time period.
Growth of $10,000
| Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
| ( ) |
Past performance does not guarantee future performance
.Key Fund Statist
ic
s| Fund net assets | $ |
| Total number of portfolio holdings | |
| Management services fees (represents 0.57% of Fund average net assets) | $ |
| Portfolio turnover for the reporting period | |
| Portfolio turnover for the reporting period excluding to be announc ed (TBA) securities | 47% |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.
Top H
o
ldin
gs| Microsoft Corp. | % |
| Apple, Inc. | % |
| NVIDIA Corp. | % |
| Amazon.com, Inc. | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 3.000% | % |
| iShares Core MSCI EAFE ETF | % |
| Meta Platforms, Inc., Class A | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 5.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.500% | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund’s website included at the beginning of this report.
The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia
and
Threadneedle group of companies. All rights reserved.© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Annual Shareholder Report | August 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional 3 Class | $ | % |
Management's Discussion of Fund Performance
The performance of Institutional 3 Class shares for the period presented is shown in the Average Annual Total Returns table.
Top Performance Contributors
Allocations
| Selections in the information technology, materials and health care sectors boosted the Fund’s equity results most during the annual period. Smaller allocations to the consumer discretionary sector, larger allocations to the communication services sector, and smaller allocations to the real estate sector buoyed equity results. Sector allocation was the biggest driver of positive fixed-income performance with non-agency residential mortgage-backed securities contributing most. Positioning in asset-backed securities (ABS) was additive, highlighted by holdings of fixed auto and fixed equipment and other fixed ABS. Exposure to high yield was additive as lower quality outperformed. Duration and yield-curve positioning also contributed to relative fixed-income performance.Stock selection
| Positions in Nvidia, a leading provider of artificial intelligence hardware and software; Uber, one of the largest ridesharing companies across the globe; and GE Aerospace, an aircraft engine supplier, were among the top contributors to the Fund’s equity performance. Security selection was the second largest contributor of fixed-income performance with investment-grade corporates, specifically industrials, ABS and commercial mortgage-backed securities contributing the most.Top Performance Detractors
Allocations
| Selections in the financials, consumer staples and communication services sectors hurt the Fund’s equity results during the annual period. A smaller weighting to the information technology sector and larger weightings to the industrials and energy sectors detracted from equity performance. Security selection within investment-grade corporates contributed to positive fixed-income performance, however, an underweight exposure to the sector compared to the benchmark detracted from relative performance.Stock selection
| Fund positions in Nike, the global retailer of athletic apparel and equipment; Chevron, an energy company specializing in oil and gas; and United Parcel Service (UPS), a global shipping and logistics company, were among the top detractors to the Fund’s equity performance.Fund Performance
The following shows the change in value of a hypothetical $10,000 investment in Institutional 3 Class shares of the Fund during the stated time period.
Growth of $10,000
| Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
| ( ) |
Past performance does not guarantee future performance
.Key Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Management services fees (represents 0.57% of Fund average net assets) | $ |
| Portfolio turnover for the reporting period | |
| Portfolio turnover for the reporting period exc lu ding to be announced (TBA) securities | 47% |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Deriv
at
ives are ex
cluded from the tables unless otherwise noted. The Fund's portfolio composition is subject
to change.Top Holdings
| Microsoft Corp. | % |
| Apple, Inc. | % |
| NVIDIA Corp. | % |
| Amazon.com, Inc. | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 3.000% | % |
| iShares Core MSCI EAFE ETF | % |
| Meta Platforms, Inc., Class A | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 5.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.500% | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and
proxy
voting information, visit the Fund’s website included at the beginning of this report.The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Annual Shareholder Report | August 31, 2024
What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class R | $ | % |
Management's Discussion of Fund Performance
The performance of Class R shares for the period presented is shown in the Average Annual Total Returns table.
Top Performance Contributors
Allocations
| Selections in the information technology, materials and health care sectors boosted the Fund’s equity results most during the annual period. Smaller allocations to the consumer discretionary sector, larger allocations to the communication services sector, and smaller allocations to the real estate sector buoyed equity results. Sector allocation was the biggest driver of positive fixed-income performance with non-agency residential mortgage-backed securities contributing most. Positioning in asset-backed securities (ABS) was additive, highlighted by holdings of fixed auto and fixed equipment and other fixed ABS. Exposure to high yield was additive as lower quality outperformed. Duration and yield-curve positioning also contributed to relative fixed-income performance.Stock selection
| Positions in Nvidia, a leading provider of artificial intelligence hardware and software; Uber, one of the largest ridesharing companies across the globe; and GE Aerospace, an aircraft engine supplier, were among the top contributors to the Fund’s equity performance. Security selection was the second largest contributor of fixed-income performance with investment-grade corporates, specifically industrials, ABS and commercial mortgage-backed securities contributing the most.Top Performance Detractors
Allocations
| Selections in the financials, consumer staples and communication services sectors hurt the Fund’s equity results during the annual period. A smaller weighting to the information technology sector and larger weightings to the industrials and energy sectors detracted from equity performance. Security selection within investment-grade corporates contributed to positive fixed-income performance, however, an underweight exposure to the sector compared to the benchmark detracted from relative performance.Stock selection
| Fund positions in Nike, the global retailer of athletic apparel and equipment; Chevron, an energy company specializing in oil and gas; and United Parcel Service (UPS), a global shipping and logistics company, were among the top detractors to the Fund’s equity performance.Fund Performance
The following shows the change in value of a hypothetical $10,000 investment in Class R shares of the Fund during the stated time period.
Growth of $10,000
| Average Annual Total Returns (%) | 1 year | 5 years | 10 years |
| ( ) |
Past performance does not guarantee future performance
.Key Fund S
t
atistics| Fund net assets | $ |
| Total number of portfoli o h oldings | |
| Management services fees (represents 0.57% of Fund average net assets) | $ |
| Portfolio turnover for the reporting period | |
| Portfolio turnover for the reporting period excluding to be announced (TBA) securities | 47% |
Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented
a
s a percentage of
Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.Top Holdings
| Microsoft Corp. | % |
| Apple, Inc. | % |
| NVIDIA Corp. | % |
| Amazon.com, Inc. | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 3.000% | % |
| iShares Core MSCI EAFE ETF | % |
| Meta Platforms, Inc., Class A | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 5.000% | % |
| Uniform Mortgage-Backed Security TBA 09/16/2054 4.500% | % |
Asset Categories
Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and
proxy
voting information, visit the Fund’s website included at the beginning of this report.The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Distributors, Inc.
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value
Item 2. Code of Ethics.
The registrant has adopted a code of ethics (the “Code”) that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. During the period covered by this report, there were not any amendments to a provision of the Code that relates to any element of the code of ethics definition enumerated in paragraph (b) of Item 2 of Form N-CSR. During the period covered by this report, there were no waivers, including any implicit waivers, from a provision of the Code that relates to one or more of the items set forth in paragraph (b) of Item 2 of Form N-CSR. A copy of the Code is attached hereto.
Item 3. Audit Committee Financial Expert.
The registrant’s Board of Trustees has determined that J. Kevin Connaughton, Brian J. Gallagher, Douglas A. Hacker, David M. Moffett and Sandra L. Yeager qualify as “audit committee financial experts,” as such term is defined in Form N-CSR. Mr. Connaughton, Mr. Gallagher, Mr. Hacker, Mr. Moffett and Ms. Yeager, are also each “independent” members of the Audit Committee pursuant to paragraph (a)(2) of Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services.
The Registrant has engaged its principal accountant to perform audit services, audit-related services, tax services and other services during the past two fiscal years. The following table details the aggregate fees billed or expected to be billed for each of the last two fiscal years for the series of the relevant registrant whose reports to shareholders are included in this annual filing.
| Amount billed to the registrant ($) | Amount billed to the registrant's investment advisor ($) |
|||
| August 31, 2024 | August 31, 2023 | August 31, 2024 | August 31, 2023 | |
| Audit fees (a) | 41,999 | 40,290 | 0 | 0 |
| Audit-related fees (b) | 2,500 | 0 | 0 | 0 |
| Tax fees (c) | 13,795 | 12,850 | 0 | 0 |
| All other fees (d) | 0 | 0 | 0 | 0 |
| Non-audit fees (g) | 0 | 0 | 581,000 | 577,000 |
(a) Audit Fees include amounts related to the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years.
(b) Audit-Related Fees include amounts for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported in Audit Fees above.
(c) Tax Fees include amounts for the review of annual tax returns, the review of required shareholder distribution calculations and typically include amounts for professional services by the principal accountant for tax compliance, tax advice, tax planning and foreign tax filings, if applicable.
(d) All Other Fees include amounts for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) above and typically include SOC-1 reviews.
(e)(1) Audit Committee Pre-Approval Policies and Procedures
The registrant’s Audit Committee is required to pre-approve the engagement of the registrant’s independent auditors to provide audit and non-audit services to the registrant and non-audit services to its investment adviser (excluding any sub-adviser whose role is primarily portfolio management and is sub-contracted or overseen by another investment adviser (the “Adviser”) or any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Fund (a “Control Affiliate”) if the engagement relates directly to the operations and financial reporting of the registrant.
The Audit Committee has adopted a Policy for Engagement of Independent Auditors for Audit and Non-Audit Services (the “Policy”). The Policy sets forth the understanding of the Audit Committee regarding the engagement of the registrant’s independent accountants to provide (i) audit and permissible audit-related, tax and other services to the registrant (“Fund Services”); (ii) non-audit services to the registrant’s Adviser and any Control Affiliates, that relates directly to the operations and financial reporting of a Fund (“Fund-related Adviser Services”); and (iii) certain other audit and non-audit services to the registrant’s Adviser and its Control Affiliates. A service will require specific pre-approval by the Audit Committee if it is to be provided by the Fund’s independent auditor; provided, however, that pre-approval of non-audit services to the Fund, the Adviser or Control Affiliates may be waived if certain de minimis requirements set forth in the SEC’s rules are met.
Under the Policy, the Audit Committee may delegate pre-approval authority to any pre-designated member or members who are independent board members. The member(s) to whom such authority is delegated must report, for informational purposes only, any pre-approval decisions to the Audit Committee at its next regular meeting. The Audit Committee's responsibilities with respect to the pre-approval of services performed by the independent auditor may not be delegated to management.
On an annual basis, at a regularly scheduled Audit Committee meeting, the Fund’s Treasurer or other Fund officer shall submit to the Audit Committee a schedule of the types of Fund Services and Fund-related Adviser Services that are subject to specific pre-approval. This schedule will provide a description of each type of service that is subject to specific pre-approval, along with total projected fees for each service. The pre-approval will generally cover a one-year period. The Audit Committee will review and approve the types of services and the projected fees for the next one-year period and may add to, or subtract from, the list of pre-approved services from time to time, based on subsequent determinations. This specific approval acknowledges that the Audit Committee is in agreement with the specific types of services that the independent auditor will be permitted to perform and the projected fees for each service.
The Fund’s Treasurer or other Fund officer shall report to the Audit Committee at each of its regular meetings regarding all Fund Services or Fund-related Adviser Services provided since the last such report was rendered, including a description of the services, by category, with forecasted fees for the annual reporting period, proposed changes requiring specific pre-approval and a description of services provided by the independent auditor, by category, with actual fees during the current reporting period.
(e)(2) None, or 0%, of the Audit-Related Fees, Tax Fees and All Other Fees paid by the Fund or affiliated entities relating directly to the operations and financial reporting of the Registrant disclosed above were approved by the audit committee pursuant to paragraphs (c)(7)(i)(C) of Rule 2-01 of Regulation S-X (which permits audit committee approval after the start of the engagement with respect to services other than audit, review or attest services, if certain conditions are satisfied).
(f) Not applicable.
(g) The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant.
(h) The registrant’s Audit Committee of the Board of Directors has considered whether the provision of non-audit services that were rendered to the registrant’s adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, is compatible with maintaining the principal accountant’s independence.
(i) Not applicable.
(j) Not applicable.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
(a) The registrant’s “Schedule I – Investments in securities of unaffiliated issuers” (as set forth in 17 CFR 210.12-12) is included in Item 7 of this Form N-CSR.
(b) Not applicable.
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
Columbia Balanced Fund
Annual Financial Statements and Additional Information
August 31, 2024
|
Not FDIC or NCUA Insured
|
No Financial Institution Guarantee
|
May Lose Value
|
Portfolio of Investments
August 31, 2024
(Percentages represent value of investments compared to net assets)
Investments in securities
|
Asset-Backed Securities - Non-Agency 7.2%
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
ACHV ABS Trust(a)
|
||||
|
Series 2024-1PL Class A
|
||||
|
04/25/2031
|
5.900%
|
|
2,035,339
|
2,053,462
|
|
Subordinated Series 2023-1PL Class C
|
||||
|
03/18/2030
|
7.420%
|
|
6,992,468
|
7,016,714
|
|
Subordinated Series 2023-3PL Class B
|
||||
|
08/19/2030
|
7.170%
|
|
1,062,420
|
1,064,769
|
|
Subordinated Series 2024-1PL Class B
|
||||
|
04/25/2031
|
6.340%
|
|
3,385,796
|
3,422,277
|
|
ACM Auto Trust(a)
|
||||
|
Series 2023-2A Class A
|
||||
|
06/20/2030
|
7.970%
|
|
782,694
|
784,438
|
|
Subordinated Series 2023-1 Class C
|
||||
|
01/22/2030
|
8.590%
|
|
12,241,522
|
12,320,603
|
|
Affirm Asset Securitization Trust(a)
|
||||
|
Series 2023-B Class A
|
||||
|
09/15/2028
|
6.820%
|
|
22,906,000
|
23,303,820
|
|
Series 2023-X1 Class A
|
||||
|
11/15/2028
|
7.110%
|
|
2,081,008
|
2,088,132
|
|
Series 2024-A Class 1A
|
||||
|
02/15/2029
|
5.610%
|
|
25,775,000
|
26,022,401
|
|
Series 2024-A Class A
|
||||
|
02/15/2029
|
5.610%
|
|
10,200,000
|
10,297,905
|
|
Series 2024-X1 Class A
|
||||
|
05/15/2029
|
6.270%
|
|
13,374,190
|
13,410,208
|
|
Subordinated Series 2023-B Class 1C
|
||||
|
09/15/2028
|
7.810%
|
|
2,000,000
|
2,042,818
|
|
ALM Ltd.(a),(b)
|
||||
|
Series 2022-20A Class A2
|
||||
|
3-month Term SOFR + 2.000%
Floor 2.000%
07/15/2037
|
7.301%
|
|
8,450,000
|
8,465,531
|
|
American Credit Acceptance Receivables Trust(a)
|
||||
|
Subordinated Series 2021-2 Class E
|
||||
|
07/13/2027
|
2.540%
|
|
3,850,000
|
3,785,330
|
|
Subordinated Series 2022-2 Class C
|
||||
|
06/13/2028
|
4.410%
|
|
730,905
|
730,156
|
|
Subordinated Series 2023-3 Class C
|
||||
|
10/12/2029
|
6.440%
|
|
10,050,000
|
10,092,004
|
|
Apidos CLO XI(a),(b)
|
||||
|
Series 2012-11A Class BR3
|
||||
|
3-month Term SOFR + 1.912%
Floor 1.650%
04/17/2034
|
7.197%
|
|
12,575,000
|
12,590,379
|
|
Asset-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Apidos CLO XXVIII(a),(b)
|
||||
|
Series 2017-28A Class A1B
|
||||
|
3-month Term SOFR + 1.412%
Floor 1.150%
01/20/2031
|
6.694%
|
|
5,925,000
|
5,926,724
|
|
Aqua Finance Trust(a)
|
||||
|
Series 2021-A Class A
|
||||
|
07/17/2046
|
1.540%
|
|
2,352,968
|
2,150,470
|
|
ARES XLVII CLO Ltd.(a),(b)
|
||||
|
Series 2018-47A Class B
|
||||
|
3-month Term SOFR + 1.712%
Floor 1.450%
04/15/2030
|
7.013%
|
|
3,450,000
|
3,452,739
|
|
Avant Loans Funding Trust(a)
|
||||
|
Subordinated Series 2021-REV1 Class C
|
||||
|
07/15/2030
|
2.300%
|
|
973,848
|
968,613
|
|
Bain Capital Credit CLO(a),(b)
|
||||
|
Series 2019-1A Class AR2
|
||||
|
3-month Term SOFR + 1.230%
Floor 1.230%
04/19/2034
|
6.348%
|
|
8,500,000
|
8,499,796
|
|
Bain Capital Credit CLO Ltd.(a),(b)
|
||||
|
Series 2021-7A Class B
|
||||
|
3-month Term SOFR + 1.912%
Floor 1.650%
01/22/2035
|
7.194%
|
|
15,750,000
|
15,758,788
|
|
Ballyrock CLO Ltd.(a),(b)
|
||||
|
Series 2018-1A Class A1
|
||||
|
3-month Term SOFR + 1.262%
04/20/2031
|
6.544%
|
|
1,566,661
|
1,567,080
|
|
Barings CLO Ltd.(a),(b)
|
||||
|
Series 2018-4A Class BR
|
||||
|
3-month Term SOFR + 1.800%
Floor 1.800%
10/15/2030
|
6.840%
|
|
22,000,000
|
22,021,450
|
|
Basswood Park CLO Ltd.(a),(b)
|
||||
|
Series 2021-1A Class A
|
||||
|
3-month Term SOFR + 1.262%
Floor 1.000%
04/20/2034
|
6.544%
|
|
6,725,000
|
6,711,584
|
|
Bayview Opportunity Master Fund VII LLC(a),(b)
|
||||
|
Subordinated Series 2024-CAR1 Class B
|
||||
|
30-day Average SOFR + 1.300%
12/26/2031
|
6.649%
|
|
834,082
|
834,077
|
|
Subordinated Series 2024-CAR1 Class C
|
||||
|
30-day Average SOFR + 1.500%
12/26/2031
|
6.849%
|
|
708,970
|
708,965
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
3
Portfolio of Investments (continued)
August 31, 2024
|
Asset-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Carbone CLO Ltd.(a),(b)
|
||||
|
Series 2017-1A Class A1
|
||||
|
3-month Term SOFR + 1.402%
Floor 1.140%
01/20/2031
|
6.684%
|
|
7,453,137
|
7,461,447
|
|
Carlyle CLO Ltd.(a),(b)
|
||||
|
Series C17A Class CR
|
||||
|
3-month Term SOFR + 3.062%
Floor 2.800%
04/30/2031
|
8.317%
|
|
1,925,000
|
1,925,962
|
|
Carlyle Group LP(a),(b)
|
||||
|
Series 2017-5A Class A2
|
||||
|
3-month Term SOFR + 1.662%
01/20/2030
|
6.944%
|
|
2,000,000
|
2,003,484
|
|
Carmax Auto Owner Trust
|
||||
|
Subordinated Series 2021-1 Class C
|
||||
|
12/15/2026
|
0.940%
|
|
1,650,000
|
1,606,752
|
|
Cascade Funding Mortgage Trust(a)
|
||||
|
CMO Series 2021-GRN1 Class A
|
||||
|
03/20/2041
|
1.100%
|
|
4,693,438
|
4,560,174
|
|
College Ave Student Loans Trust(a)
|
||||
|
Series 2024-A Class A1A
|
||||
|
06/25/2054
|
5.510%
|
|
24,166,547
|
24,652,046
|
|
Drive Auto Receivables Trust
|
||||
|
Subordinated Series 2021-2 Class D
|
||||
|
03/15/2029
|
1.390%
|
|
20,800,485
|
20,285,546
|
|
Dryden CLO Ltd.(a),(b)
|
||||
|
Series 2018-55A Class A1
|
||||
|
3-month Term SOFR + 1.282%
04/15/2031
|
6.583%
|
|
6,859,105
|
6,866,595
|
|
DT Auto Owner Trust(a)
|
||||
|
Series 2020-2A Class D
|
||||
|
03/16/2026
|
4.730%
|
|
341,158
|
341,022
|
|
Subordinated Series 2020-3A Class D
|
||||
|
06/15/2026
|
1.840%
|
|
4,896,119
|
4,837,275
|
|
Ent Auto Receivables Trust(a)
|
||||
|
Series 2023-1A Class A2
|
||||
|
08/16/2027
|
6.220%
|
|
5,208,689
|
5,222,520
|
|
Exeter Automobile Receivables Trust
|
||||
|
Series 2024-3A Class A3
|
||||
|
12/15/2027
|
5.650%
|
|
425,000
|
428,572
|
|
Subordinated Series 2021-1A Class D
|
||||
|
11/16/2026
|
1.080%
|
|
4,072,192
|
3,997,972
|
|
Subordinated Series 2021-3A Class D
|
||||
|
06/15/2027
|
1.550%
|
|
27,330,000
|
26,224,537
|
|
Exeter Automobile Receivables Trust(a)
|
||||
|
Subordinated Series 2020-1A Class D
|
||||
|
12/15/2025
|
2.730%
|
|
711,298
|
708,973
|
|
Asset-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Ford Credit Auto Owner Trust(a)
|
||||
|
Series 2022-1 Class A
|
||||
|
11/15/2034
|
3.880%
|
|
24,050,000
|
23,747,307
|
|
GMF Floorplan Owner Revolving Trust(a)
|
||||
|
Series 2024-1A Class A1
|
||||
|
03/15/2029
|
5.130%
|
|
16,589,000
|
16,896,429
|
|
GoldenTree Loan Management US CLO Ltd.(a),(b)
|
||||
|
Series 2024-19A Class A
|
||||
|
3-month Term SOFR + 1.500%
Floor 1.500%
04/20/2037
|
6.782%
|
|
17,000,000
|
17,063,376
|
|
GoldentTree Loan Management US CLO 1 Ltd.(a),(b)
|
||||
|
Series 2021-10A Class A
|
||||
|
3-month Term SOFR + 1.362%
Floor 1.100%
07/20/2034
|
6.644%
|
|
9,175,000
|
9,182,735
|
|
Hertz Vehicle Financing LLC(a)
|
||||
|
Series 2021-1A Class A
|
||||
|
12/26/2025
|
1.210%
|
|
6,404,000
|
6,350,799
|
|
Hilton Grand Vacations Trust(a)
|
||||
|
Series 2018-AA Class A
|
||||
|
02/25/2032
|
3.540%
|
|
557,898
|
551,250
|
|
Series 2019-AA Class A
|
||||
|
07/25/2033
|
2.340%
|
|
1,414,923
|
1,370,594
|
|
LendingPoint Asset Securitization Trust(a)
|
||||
|
Subordinated Series 2020-REV1 Class B
|
||||
|
10/15/2028
|
4.494%
|
|
496,259
|
495,815
|
|
Madison Park Funding XLVIII Ltd.(a),(b)
|
||||
|
Series 2021-48A Class A
|
||||
|
3-month Term SOFR + 1.412%
Floor 1.150%
04/19/2033
|
6.691%
|
|
2,983,840
|
2,989,190
|
|
Madison Park Funding XXXIII Ltd.(a),(b)
|
||||
|
Series 2019-33A Class BR
|
||||
|
3-month Term SOFR + 1.800%
Floor 1.800%
10/15/2032
|
7.101%
|
|
16,325,000
|
16,330,436
|
|
Magnetite XII Ltd.(a),(b)
|
||||
|
Series 2015-12A Class AR4
|
||||
|
3-month Term SOFR + 1.150%
Floor 1.150%
10/15/2031
|
6.451%
|
|
9,642,025
|
9,646,267
|
|
Marlette Funding Trust(a)
|
||||
|
Series 2024-1A Class A
|
||||
|
07/17/2034
|
5.950%
|
|
4,602,629
|
4,617,859
|
|
Subordinated Series 2024-1A Class B
|
||||
|
07/17/2034
|
6.070%
|
|
7,525,000
|
7,622,763
|
|
MPOWER Education Trust(a)
|
||||
|
Series 2024-A Class A
|
||||
|
07/22/2041
|
6.780%
|
|
8,976,931
|
9,158,976
|
The accompanying Notes to Financial Statements are an integral part of this statement.
4
Columbia Balanced Fund | 2024
Portfolio of Investments (continued)
August 31, 2024
|
Asset-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
OHA Credit Funding Ltd.(a),(b)
|
||||
|
Series 2020-6A Class AR
|
||||
|
3-month Term SOFR + 1.402%
Floor 1.140%
07/20/2034
|
6.684%
|
|
16,150,000
|
16,166,780
|
|
Series 2021-8A Class A
|
||||
|
3-month Term SOFR + 1.452%
Floor 1.190%
01/18/2034
|
6.731%
|
|
4,025,000
|
4,033,070
|
|
OneMain Financial Issuance Trust(a)
|
||||
|
Series 2023-2A Class A1
|
||||
|
09/15/2036
|
5.840%
|
|
22,150,000
|
22,741,724
|
|
Oportun Issuance Trust(a)
|
||||
|
Series 2024-1A Class A
|
||||
|
04/08/2031
|
6.334%
|
|
2,062,209
|
2,064,437
|
|
Pagaya AI Debt Grantor Trust(a)
|
||||
|
Series 2024-5 Class A
|
||||
|
10/15/2031
|
6.278%
|
|
6,000,532
|
6,053,466
|
|
Series 2024-6 Class A
|
||||
|
11/15/2031
|
6.093%
|
|
5,328,735
|
5,363,276
|
|
Pagaya AI Debt Selection Trust(a)
|
||||
|
Series 2021-HG1 Class A
|
||||
|
01/16/2029
|
1.220%
|
|
1,007,104
|
1,005,078
|
|
Series 2024-7 Class A
|
||||
|
12/15/2031
|
6.117%
|
|
26,575,000
|
26,730,605
|
|
Subordinated Series 2024-7 Class B
|
||||
|
12/15/2031
|
6.574%
|
|
16,280,000
|
16,475,537
|
|
Pagaya AI Debt Trust(a)
|
||||
|
Series 2022-1 Class A
|
||||
|
10/15/2029
|
2.030%
|
|
493,989
|
493,073
|
|
Series 2022-2 Class A
|
||||
|
01/15/2030
|
4.970%
|
|
174,653
|
174,470
|
|
Series 2023-1 Class A
|
||||
|
07/15/2030
|
7.556%
|
|
2,961,557
|
2,969,472
|
|
Series 2023-5 Class A
|
||||
|
04/15/2031
|
7.179%
|
|
2,859,546
|
2,864,238
|
|
Series 2023-8 Class A
|
||||
|
06/16/2031
|
7.299%
|
|
1,066,725
|
1,085,356
|
|
Series 2024-1 Class A
|
||||
|
07/15/2031
|
6.660%
|
|
2,221,129
|
2,249,849
|
|
Series 2024-2 Class A
|
||||
|
08/15/2031
|
6.319%
|
|
2,286,960
|
2,311,514
|
|
Series 2024-3 Class A
|
||||
|
10/15/2031
|
6.258%
|
|
18,959,475
|
19,131,325
|
|
Subordinated Series 2022-1 Class B
|
||||
|
10/15/2029
|
3.344%
|
|
4,324,428
|
4,272,491
|
|
Asset-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Pagaya AI Debt Trust(a),(c)
|
||||
|
Subordinated Series 2023-7 Class AB
|
||||
|
07/15/2031
|
7.410%
|
|
4,554,457
|
4,577,851
|
|
Palmer Square Loan Funding Ltd.(a),(b)
|
||||
|
Series 2021-4A Class B
|
||||
|
3-month Term SOFR + 2.012%
Floor 1.750%
10/15/2029
|
7.313%
|
|
10,000,000
|
10,008,240
|
|
Prestige Auto Receivables Trust(a)
|
||||
|
Subordinated Series 2024-1A Class B
|
||||
|
05/15/2028
|
5.710%
|
|
5,949,000
|
6,007,520
|
|
Subordinated Series 2024-1A Class C
|
||||
|
03/15/2029
|
5.730%
|
|
7,050,000
|
7,175,776
|
|
Prosper Marketplace Issuance Trust(a)
|
||||
|
Series 2023-1A Class A
|
||||
|
07/16/2029
|
7.060%
|
|
1,746,950
|
1,752,858
|
|
Series 2024-1A Class A
|
||||
|
08/15/2029
|
6.120%
|
|
3,260,413
|
3,266,593
|
|
Race Point IX CLO Ltd.(a),(b)
|
||||
|
Series 2015-9A Class A2R
|
||||
|
3-month Term SOFR + 0.712%
Floor 1.450%
10/15/2030
|
7.040%
|
|
12,200,000
|
12,204,160
|
|
Redding Ridge Asset Management Ltd.(a),(b)
|
||||
|
Series 2018-4A Class A2
|
||||
|
3-month Term SOFR + 1.812%
04/15/2030
|
7.113%
|
|
3,000,000
|
3,004,980
|
|
Research-Driven Pagaya Motor Asset Trust IV(a)
|
||||
|
Series 2021-2A Class A
|
||||
|
03/25/2030
|
2.650%
|
|
2,403,907
|
2,334,530
|
|
Research-Driven Pagaya Motor Trust(a)
|
||||
|
Series 2024-1A Class A
|
||||
|
06/25/2032
|
7.090%
|
|
2,721,817
|
2,751,561
|
|
Santander Consumer Auto Receivables Trust(a)
|
||||
|
Subordinated Series 2021-AA Class C
|
||||
|
11/16/2026
|
1.030%
|
|
1,275,000
|
1,237,779
|
|
Subordinated Series 2021-AA Class D
|
||||
|
01/15/2027
|
1.570%
|
|
1,050,000
|
1,010,915
|
|
SBNA Auto Lease Trust(a)
|
||||
|
Series 2023-A Class A3
|
||||
|
04/20/2027
|
6.510%
|
|
25,000,000
|
25,404,565
|
|
Series 2024-A Class A4
|
||||
|
01/22/2029
|
5.240%
|
|
8,100,000
|
8,172,350
|
|
Theorem Funding Trust(a)
|
||||
|
Series 2023-1A Class A
|
||||
|
04/15/2029
|
7.580%
|
|
1,331,693
|
1,339,937
|
|
United Auto Credit Securitization Trust(a)
|
||||
|
Series 2024-1 Class A
|
||||
|
08/10/2026
|
6.170%
|
|
5,838,494
|
5,846,432
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
5
Portfolio of Investments (continued)
August 31, 2024
|
Asset-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Upstart Pass-Through Trust(a)
|
||||
|
Series 2021-ST10 Class A
|
||||
|
01/20/2030
|
2.250%
|
|
2,218,119
|
2,197,957
|
|
Series 2021-ST2 Class A
|
||||
|
04/20/2027
|
2.500%
|
|
214,592
|
210,862
|
|
Series 2021-ST9 Class A
|
||||
|
11/20/2029
|
1.700%
|
|
162,289
|
161,223
|
|
Upstart Structured Pass-Through Trust(a)
|
||||
|
Series 2022-1A Class A
|
||||
|
04/15/2030
|
3.400%
|
|
1,648,061
|
1,633,358
|
|
VSE Voi Mortgage LLC(a)
|
||||
|
Series 2018-A Class A
|
||||
|
02/20/2036
|
3.560%
|
|
637,839
|
636,483
|
|
Westlake Automobile Receivables Trust(a)
|
||||
|
Subordinated Series 2021-3 Class C
|
||||
|
01/15/2027
|
1.580%
|
|
7,687,291
|
7,621,105
|
|
Westlake Flooring Master Trust(a)
|
||||
|
Series 2024-1A Class A
|
||||
|
02/15/2028
|
5.430%
|
|
5,125,000
|
5,173,438
|
|
Total Asset-Backed Securities — Non-Agency
(Cost $691,717,342)
|
695,154,140
|
|||
|
|
||||
|
Commercial Mortgage-Backed Securities - Non-Agency 2.6%
|
||||
|
|
|
|
|
|
|
AMSR Trust(a)
|
||||
|
Subordinated Series 2020-SFR2 Class C
|
||||
|
07/17/2037
|
2.533%
|
|
2,799,000
|
2,724,797
|
|
Ashford Hospitality Trust(a),(b)
|
||||
|
Series 2018-KEYS Class B
|
||||
|
1-month Term SOFR + 1.622%
Floor 1.575%
05/15/2035
|
6.959%
|
|
16,800,000
|
16,690,886
|
|
BBCMS Trust(a),(b)
|
||||
|
Subordinated Series 2018-BXH Class C
|
||||
|
1-month Term SOFR + 1.614%
Floor 1.500%
10/15/2037
|
6.951%
|
|
3,558,358
|
3,530,763
|
|
BB-UBS Trust(a)
|
||||
|
Series 2012-SHOW Class A
|
||||
|
11/05/2036
|
3.430%
|
|
8,475,000
|
8,368,054
|
|
BHMS Mortgage Trust(a),(b)
|
||||
|
Series 2018-ATLS Class A
|
||||
|
1-month Term SOFR + 1.547%
Floor 1.250%
07/15/2035
|
6.876%
|
|
14,823,000
|
14,774,842
|
|
BX Mortgage Trust(a),(b)
|
||||
|
Series 2021-PAC Class D
|
||||
|
1-month Term SOFR + 1.412%
Floor 1.298%
10/15/2036
|
6.749%
|
|
14,175,000
|
13,794,106
|
|
Commercial Mortgage-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
BX Trust(a)
|
||||
|
Series 2023-LIFE Class A
|
||||
|
02/15/2028
|
5.045%
|
|
7,225,000
|
7,072,034
|
|
COMM Mortgage Trust(a),(c)
|
||||
|
Subordinated Series 2020-CBM Class D
|
||||
|
02/10/2037
|
3.754%
|
|
2,925,000
|
2,847,535
|
|
COMM Mortgage Trust(a)
|
||||
|
Subordinated Series 2020-CX Class B
|
||||
|
11/10/2046
|
2.446%
|
|
3,275,000
|
2,724,757
|
|
FirstKey Homes Trust(a)
|
||||
|
Subordinated Series 2020-SFR1 Class D
|
||||
|
08/17/2037
|
2.241%
|
|
4,225,000
|
4,087,327
|
|
Subordinated Series 2020-SFR2 Class D
|
||||
|
10/19/2037
|
1.968%
|
|
18,600,000
|
17,890,769
|
|
GS Mortgage Securities Corp. II(a),(c)
|
||||
|
Series 2023-SHIP Class A
|
||||
|
09/10/2038
|
4.466%
|
|
6,825,000
|
6,718,095
|
|
GS Mortgage Securities Corp. Trust(a)
|
||||
|
Series 2017-485L Class A
|
||||
|
02/10/2037
|
3.721%
|
|
3,835,000
|
3,582,822
|
|
GS Mortgage Securities Corp. Trust(a),(b)
|
||||
|
Subordinated CMO Series 2021-IP Class D
|
||||
|
1-month Term SOFR + 2.214%
Floor 2.100%
10/15/2036
|
7.551%
|
|
5,425,000
|
5,239,366
|
|
Home Partners of America Trust(a)
|
||||
|
Subordinated Series 2019-2 Class D
|
||||
|
10/19/2039
|
3.121%
|
|
6,365,163
|
5,901,377
|
|
Subordinated Series 2021-2 Class B
|
||||
|
12/17/2026
|
2.302%
|
|
40,939,095
|
38,447,296
|
|
Morgan Stanley Bank of America Merrill Lynch Trust
|
||||
|
Series 2017-C34 Class A3
|
||||
|
11/15/2052
|
3.276%
|
|
14,135,000
|
13,421,844
|
|
Morgan Stanley Capital I Trust(a),(c)
|
||||
|
Series 2019-MEAD Class D
|
||||
|
11/10/2036
|
3.283%
|
|
7,392,500
|
6,792,939
|
|
One New York Plaza Trust(a),(b)
|
||||
|
Subordinated Series 2020-1NYP Class C
|
||||
|
1-month Term SOFR + 2.314%
Floor 2.200%
01/15/2036
|
7.651%
|
|
6,950,000
|
6,430,223
|
|
Subordinated Series 2020-1NYP Class D
|
||||
|
1-month Term SOFR + 2.864%
Floor 2.750%
01/15/2036
|
8.201%
|
|
2,600,000
|
2,236,441
|
|
Progress Residential Trust(a)
|
||||
|
Series 2024-SFR1 Class A
|
||||
|
02/17/2041
|
3.350%
|
|
9,585,000
|
9,084,883
|
|
Subordinated Series 2021-SFR8 Class D
|
||||
|
10/17/2038
|
2.082%
|
|
11,910,000
|
11,174,168
|
The accompanying Notes to Financial Statements are an integral part of this statement.
6
Columbia Balanced Fund | 2024
Portfolio of Investments (continued)
August 31, 2024
|
Commercial Mortgage-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
SPGN TFLM Mortgage Trust(a),(b)
|
||||
|
Series 2022 Class A
|
||||
|
1-month Term SOFR + 1.550%
Floor 1.550%
02/15/2039
|
6.887%
|
|
21,925,000
|
21,557,848
|
|
STAR Trust(a),(b)
|
||||
|
Subordinated Series 2022-SFR3 Class B
|
||||
|
1-month Term SOFR + 1.950%
Floor 1.950%
05/17/2039
|
7.287%
|
|
12,100,000
|
12,145,863
|
|
Tricon American Homes(a)
|
||||
|
Series 2020-SFR1 Class C
|
||||
|
07/17/2038
|
2.249%
|
|
4,100,000
|
3,909,884
|
|
Tricon American Homes Trust(a)
|
||||
|
Subordinated Series 2020-SFR2 Class D
|
||||
|
11/17/2039
|
2.281%
|
|
6,775,000
|
6,160,800
|
|
Wells Fargo Commercial Mortgage Trust
|
||||
|
Series 2015-C28 Class A3
|
||||
|
05/15/2048
|
3.290%
|
|
6,344,102
|
6,269,667
|
|
Total Commercial Mortgage-Backed Securities - Non-Agency
(Cost $265,640,663)
|
253,579,386
|
|||
|
Common Stocks 58.6%
|
||
|
Issuer
|
Shares
|
Value ($)
|
|
Communication Services 6.1%
|
||
|
Entertainment 1.0%
|
||
|
Take-Two Interactive Software, Inc.(d)
|
586,468
|
94,837,740
|
|
Interactive Media & Services 4.3%
|
||
|
Alphabet, Inc., Class A
|
721,411
|
117,864,129
|
|
Alphabet, Inc., Class C
|
656,485
|
108,392,238
|
|
Meta Platforms, Inc., Class A
|
311,964
|
162,629,953
|
|
Pinterest, Inc., Class A(d)
|
1,010,928
|
32,390,133
|
|
Total
|
|
421,276,453
|
|
Wireless Telecommunication Services 0.8%
|
||
|
T-Mobile US, Inc.
|
387,098
|
76,924,115
|
|
Total Communication Services
|
593,038,308
|
|
|
Consumer Discretionary 4.2%
|
||
|
Automobiles 0.4%
|
||
|
Tesla, Inc.(d)
|
178,166
|
38,147,122
|
|
Broadline Retail 3.5%
|
||
|
Amazon.com, Inc.(d)
|
1,414,902
|
252,560,007
|
|
eBay, Inc.
|
1,454,750
|
85,975,725
|
|
Total
|
|
338,535,732
|
|
Common Stocks (continued)
|
||
|
Issuer
|
Shares
|
Value ($)
|
|
Textiles, Apparel & Luxury Goods 0.3%
|
||
|
Tapestry, Inc.
|
820,583
|
33,619,286
|
|
Total Consumer Discretionary
|
410,302,140
|
|
|
Consumer Staples 3.7%
|
||
|
Consumer Staples Distribution & Retail 1.6%
|
||
|
Sysco Corp.
|
1,044,315
|
81,425,240
|
|
Walmart, Inc.
|
893,920
|
69,037,442
|
|
Total
|
|
150,462,682
|
|
Food Products 0.7%
|
||
|
Mondelez International, Inc., Class A
|
916,317
|
65,800,724
|
|
Household Products 0.9%
|
||
|
Procter & Gamble Co. (The)
|
531,910
|
91,243,841
|
|
Personal Care Products 0.5%
|
||
|
Coty, Inc., Class A(d)
|
3,479,853
|
32,641,021
|
|
Estee Lauder Companies, Inc. (The), Class A
|
154,147
|
14,129,114
|
|
Total
|
|
46,770,135
|
|
Total Consumer Staples
|
354,277,382
|
|
|
Energy 2.1%
|
||
|
Energy Equipment & Services 0.1%
|
||
|
Halliburton Co.
|
280,945
|
8,734,580
|
|
Oil, Gas & Consumable Fuels 2.0%
|
||
|
Canadian Natural Resources Ltd.
|
1,322,825
|
47,899,494
|
|
Chevron Corp.
|
613,400
|
90,752,530
|
|
EOG Resources, Inc.
|
420,460
|
54,163,657
|
|
Total
|
|
192,815,681
|
|
Total Energy
|
201,550,261
|
|
|
Financials 7.7%
|
||
|
Banks 2.2%
|
||
|
Bank of America Corp.
|
1,357,602
|
55,322,281
|
|
JPMorgan Chase & Co.
|
492,177
|
110,641,390
|
|
Wells Fargo & Co.
|
834,888
|
48,815,901
|
|
Total
|
|
214,779,572
|
|
Capital Markets 2.0%
|
||
|
BlackRock, Inc.
|
101,670
|
91,687,023
|
|
Charles Schwab Corp. (The)
|
716,624
|
46,652,222
|
|
S&P Global, Inc.
|
95,973
|
49,257,183
|
|
Total
|
|
187,596,428
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
7
Portfolio of Investments (continued)
August 31, 2024
|
Common Stocks (continued)
|
||
|
Issuer
|
Shares
|
Value ($)
|
|
Consumer Finance 0.3%
|
||
|
American Express Co.
|
117,429
|
30,373,011
|
|
Financial Services 2.5%
|
||
|
Berkshire Hathaway, Inc., Class B(d)
|
35,212
|
16,758,095
|
|
Block, Inc., Class A(d)
|
786,914
|
51,999,277
|
|
MasterCard, Inc., Class A
|
166,362
|
80,409,409
|
|
Visa, Inc., Class A
|
329,531
|
91,072,483
|
|
Total
|
|
240,239,264
|
|
Insurance 0.7%
|
||
|
Aon PLC, Class A
|
203,166
|
69,832,217
|
|
Total Financials
|
742,820,492
|
|
|
Health Care 8.4%
|
||
|
Biotechnology 2.4%
|
||
|
AbbVie, Inc.
|
515,709
|
101,238,834
|
|
Biogen, Inc.(d)
|
236,499
|
48,425,535
|
|
BioMarin Pharmaceutical, Inc.(d)
|
438,047
|
39,954,267
|
|
Vertex Pharmaceuticals, Inc.(d)
|
76,191
|
37,782,355
|
|
Total
|
|
227,400,991
|
|
Health Care Equipment & Supplies 1.6%
|
||
|
Abbott Laboratories
|
480,451
|
54,420,684
|
|
Becton Dickinson & Co.
|
183,097
|
44,384,544
|
|
Boston Scientific Corp.(d)
|
699,172
|
57,185,278
|
|
Total
|
|
155,990,506
|
|
Health Care Providers & Services 1.1%
|
||
|
Elevance Health, Inc.
|
192,516
|
107,210,235
|
|
Life Sciences Tools & Services 1.7%
|
||
|
Illumina, Inc.(d)
|
283,905
|
37,305,117
|
|
IQVIA Holdings, Inc.(d)
|
163,364
|
41,094,214
|
|
Thermo Fisher Scientific, Inc.
|
141,071
|
86,768,540
|
|
Total
|
|
165,167,871
|
|
Pharmaceuticals 1.6%
|
||
|
Eli Lilly & Co.
|
100,421
|
96,406,169
|
|
Pfizer, Inc.
|
2,101,232
|
60,956,740
|
|
Total
|
|
157,362,909
|
|
Total Health Care
|
813,132,512
|
|
|
Common Stocks (continued)
|
||
|
Issuer
|
Shares
|
Value ($)
|
|
Industrials 4.6%
|
||
|
Aerospace & Defense 1.7%
|
||
|
Boeing Co. (The)(d)
|
81,721
|
14,198,206
|
|
General Electric Co.
|
147,400
|
25,738,988
|
|
L3Harris Technologies, Inc.
|
130,961
|
30,994,540
|
|
RTX Corp.
|
765,014
|
94,356,827
|
|
Total
|
|
165,288,561
|
|
Air Freight & Logistics 0.4%
|
||
|
United Parcel Service, Inc., Class B
|
304,570
|
39,152,474
|
|
Electrical Equipment 0.1%
|
||
|
GE Vernova, Inc.(d)
|
40,949
|
8,230,749
|
|
Ground Transportation 1.2%
|
||
|
Uber Technologies, Inc.(d)
|
770,265
|
56,329,479
|
|
Union Pacific Corp.
|
220,354
|
56,430,456
|
|
Total
|
|
112,759,935
|
|
Industrial Conglomerates 0.9%
|
||
|
Honeywell International, Inc.
|
416,765
|
86,649,611
|
|
Machinery 0.2%
|
||
|
Parker-Hannifin Corp.
|
26,835
|
16,106,367
|
|
Passenger Airlines 0.1%
|
||
|
United Airlines Holdings, Inc.(d)
|
347,655
|
15,310,726
|
|
Total Industrials
|
443,498,423
|
|
|
Information Technology 18.1%
|
||
|
Electronic Equipment, Instruments & Components 0.5%
|
||
|
TE Connectivity Ltd.
|
344,524
|
52,918,886
|
|
IT Services 1.0%
|
||
|
Accenture PLC, Class A
|
119,601
|
40,897,562
|
|
International Business Machines Corp.
|
259,504
|
52,453,544
|
|
Total
|
|
93,351,106
|
|
Semiconductors & Semiconductor Equipment 6.4%
|
||
|
Advanced Micro Devices, Inc.(d)
|
227,048
|
33,730,251
|
|
Entegris, Inc.
|
258,670
|
29,972,093
|
|
Lam Research Corp.
|
74,719
|
61,345,046
|
|
Marvell Technology, Inc.
|
393,113
|
29,970,935
|
|
NVIDIA Corp.
|
3,201,989
|
382,221,427
|
The accompanying Notes to Financial Statements are an integral part of this statement.
8
Columbia Balanced Fund | 2024
Portfolio of Investments (continued)
August 31, 2024
|
Common Stocks (continued)
|
||
|
Issuer
|
Shares
|
Value ($)
|
|
ON Semiconductor Corp.(d)
|
739,970
|
57,621,464
|
|
QUALCOMM, Inc.
|
146,591
|
25,697,402
|
|
Total
|
|
620,558,618
|
|
Software 6.1%
|
||
|
Adobe, Inc.(d)
|
53,809
|
30,908,428
|
|
Autodesk, Inc.(d)
|
229,604
|
59,329,674
|
|
Intuit, Inc.
|
98,742
|
62,233,133
|
|
Microsoft Corp.
|
946,693
|
394,903,518
|
|
Palo Alto Networks, Inc.(d)
|
123,231
|
44,698,348
|
|
Total
|
|
592,073,101
|
|
Technology Hardware, Storage & Peripherals 4.1%
|
||
|
Apple, Inc.
|
1,712,613
|
392,188,377
|
|
Total Information Technology
|
1,751,090,088
|
|
|
Materials 1.8%
|
||
|
Chemicals 0.7%
|
||
|
Sherwin-Williams Co. (The)
|
170,831
|
63,099,847
|
|
Containers & Packaging 0.2%
|
||
|
Avery Dennison Corp.
|
79,152
|
17,559,871
|
|
Metals & Mining 0.9%
|
||
|
Newmont Corp.
|
1,676,293
|
89,497,283
|
|
Total Materials
|
170,157,001
|
|
|
Real Estate 0.8%
|
||
|
Specialized REITs 0.8%
|
||
|
American Tower Corp.
|
350,676
|
78,572,465
|
|
Total Real Estate
|
78,572,465
|
|
|
Utilities 1.1%
|
||
|
Multi-Utilities 1.1%
|
||
|
DTE Energy Co.
|
404,695
|
50,594,969
|
|
Public Service Enterprise Group, Inc.
|
680,543
|
54,953,847
|
|
Total
|
|
105,548,816
|
|
Total Utilities
|
105,548,816
|
|
|
Total Common Stocks
(Cost $2,917,906,985)
|
5,663,987,888
|
|
|
Corporate Bonds & Notes 8.2%
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Aerospace & Defense 0.8%
|
||||
|
BAE Systems PLC(a)
|
||||
|
03/26/2029
|
5.125%
|
|
4,312,000
|
4,399,806
|
|
Boeing Co. (The)
|
||||
|
05/01/2040
|
5.705%
|
|
11,535,000
|
11,208,555
|
|
Bombardier, Inc.(a)
|
||||
|
07/01/2031
|
7.250%
|
|
56,000
|
58,810
|
|
L3Harris Technologies, Inc.
|
||||
|
01/15/2027
|
5.400%
|
|
20,000,000
|
20,421,703
|
|
07/31/2033
|
5.400%
|
|
2,500,000
|
2,579,598
|
|
Lockheed Martin Corp.
|
||||
|
08/15/2034
|
4.800%
|
|
3,000,000
|
3,043,727
|
|
Northrop Grumman Corp.
|
||||
|
06/01/2034
|
4.900%
|
|
9,903,000
|
10,000,411
|
|
Raytheon Technologies Corp.
|
||||
|
03/15/2027
|
3.500%
|
|
10,133,000
|
9,909,332
|
|
03/15/2032
|
2.375%
|
|
9,518,000
|
8,124,778
|
|
Spirit AeroSystems, Inc.(a)
|
||||
|
11/30/2029
|
9.375%
|
|
160,000
|
173,665
|
|
11/15/2030
|
9.750%
|
|
66,000
|
73,884
|
|
TransDigm, Inc.
|
||||
|
11/15/2027
|
5.500%
|
|
168,000
|
166,954
|
|
TransDigm, Inc.(a)
|
||||
|
08/15/2028
|
6.750%
|
|
250,000
|
257,047
|
|
03/01/2029
|
6.375%
|
|
373,000
|
384,202
|
|
12/15/2030
|
6.875%
|
|
254,000
|
265,444
|
|
03/01/2032
|
6.625%
|
|
395,000
|
411,478
|
|
Total
|
71,479,394
|
|||
|
Airlines 0.0%
|
||||
|
Air Canada(a)
|
||||
|
08/15/2026
|
3.875%
|
|
183,000
|
176,697
|
|
American Airlines, Inc.(a)
|
||||
|
05/15/2029
|
8.500%
|
|
165,000
|
171,493
|
|
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(a)
|
||||
|
04/20/2026
|
5.500%
|
|
285,352
|
283,797
|
|
04/20/2029
|
5.750%
|
|
265,298
|
260,289
|
|
Hawaiian Brand Intellectual Property Ltd.(a)
|
||||
|
04/15/2029
|
11.000%
|
|
135,705
|
138,041
|
|
United Airlines, Inc.(a)
|
||||
|
04/15/2026
|
4.375%
|
|
245,000
|
239,312
|
|
04/15/2029
|
4.625%
|
|
108,000
|
102,842
|
|
Total
|
1,372,471
|
|||
|
Automotive 0.0%
|
||||
|
American Axle & Manufacturing, Inc.
|
||||
|
10/01/2029
|
5.000%
|
|
134,000
|
124,554
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
9
Portfolio of Investments (continued)
August 31, 2024
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Goodyear Tire & Rubber Co. (The)
|
||||
|
07/15/2029
|
5.000%
|
|
90,000
|
83,622
|
|
IHO Verwaltungs GmbH(a),(e)
|
||||
|
09/15/2026
|
4.750%
|
|
264,544
|
259,099
|
|
KAR Auction Services, Inc.(a)
|
||||
|
06/01/2025
|
5.125%
|
|
253,000
|
251,936
|
|
Panther BF Aggregator 2 LP/Finance Co., Inc.(a)
|
||||
|
05/15/2026
|
6.250%
|
|
93,000
|
93,097
|
|
05/15/2027
|
8.500%
|
|
323,000
|
325,700
|
|
ZF North America Capital, Inc.(a)
|
||||
|
04/23/2032
|
6.875%
|
|
164,000
|
170,558
|
|
Total
|
1,308,566
|
|||
|
Banking 2.0%
|
||||
|
Bank of America Corp.(f)
|
||||
|
02/04/2033
|
2.972%
|
|
44,770,000
|
39,484,066
|
|
Citigroup, Inc.(f)
|
||||
|
01/25/2033
|
3.057%
|
|
14,250,000
|
12,535,769
|
|
Goldman Sachs Group, Inc. (The)(f)
|
||||
|
04/22/2032
|
2.615%
|
|
27,800,000
|
24,164,912
|
|
HSBC Holdings PLC(f)
|
||||
|
05/24/2032
|
2.804%
|
|
9,500,000
|
8,247,207
|
|
JPMorgan Chase & Co.(f)
|
||||
|
07/22/2030
|
4.995%
|
|
37,500,000
|
38,187,056
|
|
10/23/2034
|
6.254%
|
|
5,260,000
|
5,758,990
|
|
Morgan Stanley(f)
|
||||
|
07/19/2035
|
5.320%
|
|
16,775,000
|
17,132,742
|
|
Subordinated
|
||||
|
09/16/2036
|
2.484%
|
|
10,000,000
|
8,248,685
|
|
PNC Financial Services Group, Inc. (The)(f)
|
||||
|
01/22/2035
|
5.676%
|
|
3,000,000
|
3,127,438
|
|
US Bancorp(f)
|
||||
|
06/12/2034
|
5.836%
|
|
3,325,000
|
3,492,933
|
|
Wells Fargo & Co.(f)
|
||||
|
04/24/2034
|
5.389%
|
|
30,000,000
|
30,720,726
|
|
Total
|
191,100,524
|
|||
|
Brokerage/Asset Managers/Exchanges 0.0%
|
||||
|
AG Issuer LLC(a)
|
||||
|
03/01/2028
|
6.250%
|
|
172,000
|
167,495
|
|
AG TTMT Escrow Issuer LLC(a)
|
||||
|
09/30/2027
|
8.625%
|
|
229,000
|
236,716
|
|
Aretec Escrow Issuer 2, Inc.(a)
|
||||
|
08/15/2030
|
10.000%
|
|
273,000
|
294,788
|
|
Aretec Escrow Issuer, Inc.(a)
|
||||
|
04/01/2029
|
7.500%
|
|
356,000
|
337,315
|
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Hightower Holding LLC(a)
|
||||
|
04/15/2029
|
6.750%
|
|
267,000
|
254,317
|
|
01/31/2030
|
9.125%
|
|
256,000
|
264,538
|
|
Total
|
1,555,169
|
|||
|
Building Materials 0.0%
|
||||
|
American Builders & Contractors Supply Co., Inc.(a)
|
||||
|
11/15/2029
|
3.875%
|
|
184,000
|
170,315
|
|
Beacon Roofing Supply, Inc.(a)
|
||||
|
11/15/2026
|
4.500%
|
|
136,000
|
133,346
|
|
05/15/2029
|
4.125%
|
|
92,000
|
85,979
|
|
08/01/2030
|
6.500%
|
|
115,000
|
118,100
|
|
Interface, Inc.(a)
|
||||
|
12/01/2028
|
5.500%
|
|
145,000
|
142,023
|
|
James Hardie International Finance DAC(a)
|
||||
|
01/15/2028
|
5.000%
|
|
238,000
|
231,611
|
|
Masterbrand, Inc.(a)
|
||||
|
07/15/2032
|
7.000%
|
|
46,000
|
47,436
|
|
Standard Building Solutions, Inc.(a)
|
||||
|
08/15/2032
|
6.500%
|
|
75,000
|
77,276
|
|
Standard Industries, Inc.(a)
|
||||
|
02/15/2027
|
5.000%
|
|
61,000
|
60,171
|
|
01/15/2028
|
4.750%
|
|
160,000
|
155,889
|
|
Summit Materials LLC/Finance Corp.(a)
|
||||
|
01/15/2029
|
5.250%
|
|
33,000
|
32,666
|
|
01/15/2031
|
7.250%
|
|
188,000
|
198,838
|
|
White Cap Buyer LLC(a)
|
||||
|
10/15/2028
|
6.875%
|
|
434,000
|
429,829
|
|
Total
|
1,883,479
|
|||
|
Cable and Satellite 0.3%
|
||||
|
CCO Holdings LLC/Capital Corp.(a)
|
||||
|
05/01/2027
|
5.125%
|
|
356,000
|
349,325
|
|
02/01/2028
|
5.000%
|
|
151,000
|
145,257
|
|
03/01/2030
|
4.750%
|
|
596,000
|
544,042
|
|
08/15/2030
|
4.500%
|
|
682,000
|
608,316
|
|
02/01/2032
|
4.750%
|
|
195,000
|
169,943
|
|
CCO Holdings LLC/Capital Corp.
|
||||
|
05/01/2032
|
4.500%
|
|
167,000
|
142,643
|
|
Charter Communications Operating LLC/Capital
|
||||
|
06/30/2062
|
3.950%
|
|
5,594,000
|
3,462,059
|
|
Comcast Corp.
|
||||
|
03/01/2026
|
3.150%
|
|
3,561,000
|
3,494,198
|
|
CSC Holdings LLC(a)
|
||||
|
02/01/2028
|
5.375%
|
|
103,000
|
78,988
|
|
02/01/2029
|
6.500%
|
|
240,000
|
181,025
|
|
01/15/2030
|
5.750%
|
|
195,000
|
77,012
|
|
12/01/2030
|
4.125%
|
|
90,000
|
59,149
|
|
02/15/2031
|
3.375%
|
|
233,000
|
150,419
|
The accompanying Notes to Financial Statements are an integral part of this statement.
10
Columbia Balanced Fund | 2024
Portfolio of Investments (continued)
August 31, 2024
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
DISH DBS Corp.(a)
|
||||
|
12/01/2028
|
5.750%
|
|
177,000
|
135,756
|
|
DISH Network Corp.(a)
|
||||
|
11/15/2027
|
11.750%
|
|
317,000
|
322,161
|
|
Sirius XM Radio, Inc.(a)
|
||||
|
09/01/2026
|
3.125%
|
|
204,000
|
195,282
|
|
07/01/2029
|
5.500%
|
|
174,000
|
169,399
|
|
09/01/2031
|
3.875%
|
|
127,000
|
109,015
|
|
Time Warner Cable LLC
|
||||
|
05/01/2037
|
6.550%
|
|
16,960,000
|
16,762,698
|
|
Virgin Media Finance PLC(a)
|
||||
|
07/15/2030
|
5.000%
|
|
247,000
|
214,140
|
|
Virgin Media Secured Finance PLC(a)
|
||||
|
05/15/2029
|
5.500%
|
|
206,000
|
195,534
|
|
08/15/2030
|
4.500%
|
|
192,000
|
169,463
|
|
VZ Secured Financing BV(a)
|
||||
|
01/15/2032
|
5.000%
|
|
329,000
|
298,269
|
|
Ziggo Bond Co. BV(a)
|
||||
|
02/28/2030
|
5.125%
|
|
241,000
|
217,374
|
|
Ziggo Bond Finance BV(a)
|
||||
|
01/15/2027
|
6.000%
|
|
116,000
|
115,762
|
|
Ziggo BV(a)
|
||||
|
01/15/2030
|
4.875%
|
|
219,000
|
203,857
|
|
Total
|
28,571,086
|
|||
|
Chemicals 0.0%
|
||||
|
Axalta Coating Systems LLC(a)
|
||||
|
02/15/2029
|
3.375%
|
|
75,000
|
69,743
|
|
Axalta Coating Systems LLC/Dutch Holding B BV(a)
|
||||
|
06/15/2027
|
4.750%
|
|
215,000
|
212,232
|
|
Cheever Escrow Issuer LLC(a)
|
||||
|
10/01/2027
|
7.125%
|
|
109,000
|
111,018
|
|
Element Solutions, Inc.(a)
|
||||
|
09/01/2028
|
3.875%
|
|
316,000
|
299,040
|
|
HB Fuller Co.
|
||||
|
10/15/2028
|
4.250%
|
|
181,000
|
172,515
|
|
Herens Holdco Sarl(a)
|
||||
|
05/15/2028
|
4.750%
|
|
163,000
|
141,879
|
|
INEOS Finance PLC(a)
|
||||
|
04/15/2029
|
7.500%
|
|
287,000
|
296,956
|
|
INEOS Quattro Finance 2 Plc(a)
|
||||
|
01/15/2026
|
3.375%
|
|
162,000
|
156,828
|
|
INEOS Quattro Finance 2 PLC(a)
|
||||
|
03/15/2029
|
9.625%
|
|
163,000
|
175,601
|
|
Innophos Holdings, Inc.(a)
|
||||
|
02/15/2028
|
9.375%
|
|
113,000
|
104,787
|
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Iris Holdings, Inc.(a),(e)
|
||||
|
02/15/2026
|
8.750%
|
|
135,000
|
123,282
|
|
Olympus Water US Holding Corp.(a)
|
||||
|
10/01/2028
|
4.250%
|
|
271,000
|
255,022
|
|
11/15/2028
|
9.750%
|
|
281,000
|
299,786
|
|
10/01/2029
|
6.250%
|
|
253,000
|
237,887
|
|
06/15/2031
|
7.250%
|
|
218,000
|
224,309
|
|
WR Grace Holdings LLC(a)
|
||||
|
06/15/2027
|
4.875%
|
|
108,000
|
105,768
|
|
08/15/2029
|
5.625%
|
|
405,000
|
375,505
|
|
03/01/2031
|
7.375%
|
|
81,000
|
84,218
|
|
Total
|
3,446,376
|
|||
|
Construction Machinery 0.1%
|
||||
|
Caterpillar Financial Services Corp.
|
||||
|
10/16/2026
|
4.450%
|
|
4,579,000
|
4,598,414
|
|
H&E Equipment Services, Inc.(a)
|
||||
|
12/15/2028
|
3.875%
|
|
106,000
|
98,186
|
|
Herc Holdings, Inc.(a)
|
||||
|
07/15/2027
|
5.500%
|
|
163,000
|
161,863
|
|
06/15/2029
|
6.625%
|
|
141,000
|
145,053
|
|
John Deere Capital Corp.
|
||||
|
07/14/2028
|
4.950%
|
|
6,850,000
|
7,024,429
|
|
Ritchie Bros Holdings, Inc.(a)
|
||||
|
03/15/2028
|
6.750%
|
|
54,000
|
55,629
|
|
03/15/2031
|
7.750%
|
|
240,000
|
255,341
|
|
Total
|
12,338,915
|
|||
|
Consumer Cyclical Services 0.0%
|
||||
|
Arches Buyer, Inc.(a)
|
||||
|
06/01/2028
|
4.250%
|
|
283,000
|
257,637
|
|
12/01/2028
|
6.125%
|
|
402,000
|
341,207
|
|
Match Group, Inc.(a)
|
||||
|
12/15/2027
|
5.000%
|
|
52,000
|
51,105
|
|
02/15/2029
|
5.625%
|
|
191,000
|
190,418
|
|
Uber Technologies, Inc.(a)
|
||||
|
01/15/2028
|
6.250%
|
|
247,000
|
249,335
|
|
Total
|
1,089,702
|
|||
|
Consumer Products 0.0%
|
||||
|
Acushnet Co.(a)
|
||||
|
10/15/2028
|
7.375%
|
|
47,000
|
49,465
|
|
CD&R Smokey Buyer, Inc.(a)
|
||||
|
07/15/2025
|
6.750%
|
|
414,000
|
410,512
|
|
Newell Brands, Inc.
|
||||
|
09/15/2027
|
6.375%
|
|
79,000
|
79,567
|
|
Prestige Brands, Inc.(a)
|
||||
|
01/15/2028
|
5.125%
|
|
165,000
|
162,707
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
11
Portfolio of Investments (continued)
August 31, 2024
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Scotts Miracle-Gro Co. (The)
|
||||
|
04/01/2031
|
4.000%
|
|
65,000
|
58,240
|
|
02/01/2032
|
4.375%
|
|
194,000
|
174,913
|
|
Total
|
935,404
|
|||
|
Diversified Manufacturing 0.0%
|
||||
|
Chart Industries, Inc.(a)
|
||||
|
01/01/2030
|
7.500%
|
|
136,000
|
142,999
|
|
01/01/2031
|
9.500%
|
|
47,000
|
51,038
|
|
Emerald Debt Merger Sub LLC(a)
|
||||
|
12/15/2030
|
6.625%
|
|
392,000
|
401,929
|
|
EMRLD Borrower LP/Co-Issuer, Inc.(a)
|
||||
|
07/15/2031
|
6.750%
|
|
119,000
|
122,668
|
|
Esab Corp.(a)
|
||||
|
04/15/2029
|
6.250%
|
|
102,000
|
104,640
|
|
Gates Corp. (The)(a)
|
||||
|
07/01/2029
|
6.875%
|
|
53,000
|
54,425
|
|
Madison IAQ LLC(a)
|
||||
|
06/30/2028
|
4.125%
|
|
80,000
|
76,334
|
|
06/30/2029
|
5.875%
|
|
213,000
|
203,229
|
|
Resideo Funding, Inc.(a)
|
||||
|
09/01/2029
|
4.000%
|
|
382,000
|
353,463
|
|
07/15/2032
|
6.500%
|
|
197,000
|
200,626
|
|
Velocity Vehicle Group LLC(a)
|
||||
|
06/01/2029
|
8.000%
|
|
35,000
|
36,386
|
|
Vertical Holdco GmbH(a)
|
||||
|
07/15/2028
|
7.625%
|
|
250,000
|
250,041
|
|
Vertical US Newco, Inc.(a)
|
||||
|
07/15/2027
|
5.250%
|
|
301,000
|
296,089
|
|
WESCO Distribution, Inc.(a)
|
||||
|
06/15/2028
|
7.250%
|
|
287,000
|
294,479
|
|
03/15/2029
|
6.375%
|
|
66,000
|
67,828
|
|
03/15/2032
|
6.625%
|
|
249,000
|
256,945
|
|
Total
|
2,913,119
|
|||
|
Electric 0.5%
|
||||
|
Clearway Energy Operating LLC(a)
|
||||
|
03/15/2028
|
4.750%
|
|
253,000
|
245,836
|
|
02/15/2031
|
3.750%
|
|
352,000
|
319,133
|
|
01/15/2032
|
3.750%
|
|
102,000
|
90,507
|
|
DTE Energy Co.
|
||||
|
07/01/2027
|
4.950%
|
|
5,155,000
|
5,211,392
|
|
Duke Energy Corp.
|
||||
|
08/15/2052
|
5.000%
|
|
11,000,000
|
10,099,898
|
|
Edison International
|
||||
|
11/15/2028
|
5.250%
|
|
6,300,000
|
6,411,041
|
|
Indiana Michigan Power Co.
|
||||
|
03/15/2037
|
6.050%
|
|
3,375,000
|
3,641,595
|
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Lightning Power LLC(a)
|
||||
|
08/15/2032
|
7.250%
|
|
79,000
|
81,634
|
|
NextEra Energy Operating Partners LP(a)
|
||||
|
09/15/2027
|
4.500%
|
|
231,000
|
222,738
|
|
01/15/2029
|
7.250%
|
|
388,000
|
406,412
|
|
NRG Energy, Inc.(a)
|
||||
|
02/15/2029
|
3.375%
|
|
134,000
|
123,086
|
|
06/15/2029
|
5.250%
|
|
154,000
|
152,568
|
|
02/15/2031
|
3.625%
|
|
174,000
|
156,120
|
|
02/15/2032
|
3.875%
|
|
44,000
|
39,480
|
|
Ohio Edison Co.(a)
|
||||
|
01/15/2033
|
5.500%
|
|
7,000,000
|
7,176,743
|
|
Pacific Gas and Electric Co.
|
||||
|
01/15/2053
|
6.750%
|
|
9,361,000
|
10,249,691
|
|
TerraForm Power Operating LLC(a)
|
||||
|
01/15/2030
|
4.750%
|
|
362,000
|
342,487
|
|
Vistra Operations Co. LLC(a)
|
||||
|
02/15/2027
|
5.625%
|
|
86,000
|
85,883
|
|
07/31/2027
|
5.000%
|
|
249,000
|
246,464
|
|
10/15/2031
|
7.750%
|
|
369,000
|
393,144
|
|
04/15/2032
|
6.875%
|
|
124,000
|
128,974
|
|
Total
|
45,824,826
|
|||
|
Environmental 0.0%
|
||||
|
GFL Environmental, Inc.(a)
|
||||
|
01/15/2031
|
6.750%
|
|
223,000
|
233,142
|
|
Waste Pro USA, Inc.(a)
|
||||
|
02/15/2026
|
5.500%
|
|
296,000
|
294,939
|
|
Total
|
528,081
|
|||
|
Finance Companies 0.0%
|
||||
|
GGAM Finance Ltd.(a)
|
||||
|
04/15/2029
|
6.875%
|
|
250,000
|
258,256
|
|
Navient Corp.
|
||||
|
06/25/2025
|
6.750%
|
|
82,000
|
82,274
|
|
03/15/2031
|
11.500%
|
|
169,000
|
189,862
|
|
OneMain Finance Corp.
|
||||
|
01/15/2027
|
3.500%
|
|
118,000
|
111,805
|
|
01/15/2029
|
9.000%
|
|
149,000
|
158,166
|
|
03/15/2030
|
7.875%
|
|
199,000
|
208,210
|
|
05/15/2031
|
7.500%
|
|
173,000
|
178,552
|
|
11/15/2031
|
7.125%
|
|
71,000
|
71,707
|
|
Provident Funding Associates LP/Finance Corp.(a)
|
||||
|
06/15/2025
|
6.375%
|
|
247,000
|
238,824
|
|
Rocket Mortgage LLC/Co-Issuer, Inc.(a)
|
||||
|
03/01/2031
|
3.875%
|
|
192,000
|
175,340
|
|
10/15/2033
|
4.000%
|
|
587,000
|
518,463
|
The accompanying Notes to Financial Statements are an integral part of this statement.
12
Columbia Balanced Fund | 2024
Portfolio of Investments (continued)
August 31, 2024
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
United Wholesale Mortgage LLC(a)
|
||||
|
06/15/2027
|
5.750%
|
|
40,000
|
39,852
|
|
04/15/2029
|
5.500%
|
|
106,000
|
103,542
|
|
Total
|
2,334,853
|
|||
|
Food and Beverage 0.5%
|
||||
|
Bacardi Ltd.(a)
|
||||
|
05/15/2038
|
5.150%
|
|
21,031,000
|
20,109,239
|
|
Bacardi Ltd./Bacardi-Martini BV(a)
|
||||
|
06/15/2043
|
5.900%
|
|
4,173,000
|
4,200,558
|
|
Chobani LLC/Finance Corp., Inc.(a)
|
||||
|
07/01/2029
|
7.625%
|
|
76,000
|
79,643
|
|
Coca-Cola Co. (The)
|
||||
|
05/13/2064
|
5.400%
|
|
1,635,000
|
1,689,669
|
|
Constellation Brands, Inc.
|
||||
|
08/01/2029
|
3.150%
|
|
4,032,000
|
3,780,070
|
|
05/01/2033
|
4.900%
|
|
6,770,000
|
6,756,860
|
|
Darling Ingredients, Inc.(a)
|
||||
|
06/15/2030
|
6.000%
|
|
251,000
|
253,480
|
|
Lamb Weston Holdings, Inc.(a)
|
||||
|
01/31/2032
|
4.375%
|
|
144,000
|
132,422
|
|
Pepsico Singapore Financing I Pte Ltd.
|
||||
|
02/16/2027
|
4.650%
|
|
5,433,000
|
5,489,982
|
|
Pilgrim’s Pride Corp.
|
||||
|
03/01/2032
|
3.500%
|
|
223,000
|
197,113
|
|
Post Holdings, Inc.(a)
|
||||
|
01/15/2028
|
5.625%
|
|
35,000
|
34,899
|
|
04/15/2030
|
4.625%
|
|
322,000
|
306,104
|
|
09/15/2031
|
4.500%
|
|
115,000
|
106,970
|
|
Primo Water Holdings, Inc.(a)
|
||||
|
04/30/2029
|
4.375%
|
|
236,000
|
223,628
|
|
Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed(a)
|
||||
|
03/01/2029
|
4.625%
|
|
314,000
|
295,042
|
|
Triton Water Holdings, Inc.(a)
|
||||
|
04/01/2029
|
6.250%
|
|
166,000
|
163,983
|
|
US Foods, Inc.(a)
|
||||
|
09/15/2028
|
6.875%
|
|
198,000
|
206,069
|
|
02/15/2029
|
4.750%
|
|
220,000
|
214,503
|
|
06/01/2030
|
4.625%
|
|
175,000
|
167,345
|
|
Total
|
44,407,579
|
|||
|
Gaming 0.0%
|
||||
|
Boyd Gaming Corp.
|
||||
|
12/01/2027
|
4.750%
|
|
94,000
|
92,446
|
|
Boyd Gaming Corp.(a)
|
||||
|
06/15/2031
|
4.750%
|
|
105,000
|
98,745
|
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Caesars Entertainment, Inc.(a)
|
||||
|
10/15/2029
|
4.625%
|
|
463,000
|
437,796
|
|
02/15/2030
|
7.000%
|
|
317,000
|
328,673
|
|
02/15/2032
|
6.500%
|
|
336,000
|
345,536
|
|
CDI Escrow Issuer, Inc.(a)
|
||||
|
04/01/2030
|
5.750%
|
|
110,000
|
109,263
|
|
Churchill Downs, Inc.(a)
|
||||
|
05/01/2031
|
6.750%
|
|
184,000
|
189,173
|
|
Colt Merger Sub, Inc.(a)
|
||||
|
07/01/2027
|
8.125%
|
|
161,000
|
164,508
|
|
Light & Wonder International, Inc.(a)
|
||||
|
09/01/2031
|
7.500%
|
|
161,000
|
169,706
|
|
Midwest Gaming Borrower LLC(a)
|
||||
|
05/01/2029
|
4.875%
|
|
182,000
|
173,959
|
|
Scientific Games Holdings LP/US FinCo, Inc.(a)
|
||||
|
03/01/2030
|
6.625%
|
|
348,000
|
344,657
|
|
Total
|
2,454,462
|
|||
|
Health Care 0.6%
|
||||
|
Acadia Healthcare Co., Inc.(a)
|
||||
|
07/01/2028
|
5.500%
|
|
233,000
|
231,106
|
|
04/15/2029
|
5.000%
|
|
161,000
|
157,033
|
|
Avantor Funding, Inc.(a)
|
||||
|
07/15/2028
|
4.625%
|
|
122,000
|
118,941
|
|
11/01/2029
|
3.875%
|
|
332,000
|
310,021
|
|
Bausch & Lomb Escrow Corp.(a)
|
||||
|
10/01/2028
|
8.375%
|
|
201,000
|
211,675
|
|
Catalent Pharma Solutions, Inc.(a)
|
||||
|
04/01/2030
|
3.500%
|
|
229,000
|
223,570
|
|
Charles River Laboratories International, Inc.(a)
|
||||
|
05/01/2028
|
4.250%
|
|
160,000
|
154,543
|
|
03/15/2029
|
3.750%
|
|
122,000
|
114,431
|
|
CHS/Community Health Systems, Inc.(a)
|
||||
|
03/15/2027
|
5.625%
|
|
268,000
|
259,809
|
|
04/15/2029
|
6.875%
|
|
182,000
|
155,954
|
|
05/15/2030
|
5.250%
|
|
343,000
|
307,427
|
|
01/15/2032
|
10.875%
|
|
104,000
|
112,651
|
|
Concentra Escrow Issuer Corp.(a)
|
||||
|
07/15/2032
|
6.875%
|
|
132,000
|
138,432
|
|
CVS Health Corp.
|
||||
|
03/25/2048
|
5.050%
|
|
17,395,000
|
15,418,941
|
|
GE HealthCare Technologies, Inc.
|
||||
|
11/15/2027
|
5.650%
|
|
11,500,000
|
11,873,119
|
|
HCA, Inc.
|
||||
|
09/01/2030
|
3.500%
|
|
24,500,000
|
22,825,603
|
|
IQVIA, Inc.(a)
|
||||
|
05/15/2027
|
5.000%
|
|
101,000
|
100,271
|
|
05/15/2030
|
6.500%
|
|
104,000
|
107,962
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
13
Portfolio of Investments (continued)
August 31, 2024
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Medline Borrower LP/Co-Issuer, Inc.(a)
|
||||
|
04/01/2029
|
6.250%
|
|
236,000
|
243,400
|
|
Mozart Debt Merger Sub, Inc.(a)
|
||||
|
04/01/2029
|
3.875%
|
|
138,000
|
130,511
|
|
10/01/2029
|
5.250%
|
|
635,000
|
624,290
|
|
Select Medical Corp.(a)
|
||||
|
08/15/2026
|
6.250%
|
|
374,000
|
376,222
|
|
Star Parent, Inc.(a)
|
||||
|
10/01/2030
|
9.000%
|
|
355,000
|
381,033
|
|
Surgery Center Holdings, Inc.(a)
|
||||
|
04/15/2032
|
7.250%
|
|
220,000
|
231,294
|
|
Tenet Healthcare Corp.
|
||||
|
02/01/2027
|
6.250%
|
|
332,000
|
332,752
|
|
11/01/2027
|
5.125%
|
|
237,000
|
235,073
|
|
10/01/2028
|
6.125%
|
|
205,000
|
205,819
|
|
01/15/2030
|
4.375%
|
|
81,000
|
77,505
|
|
06/15/2030
|
6.125%
|
|
104,000
|
105,856
|
|
05/15/2031
|
6.750%
|
|
225,000
|
233,428
|
|
Total
|
55,998,672
|
|||
|
Healthcare Insurance 0.6%
|
||||
|
Centene Corp.
|
||||
|
10/15/2030
|
3.000%
|
|
36,000,000
|
31,995,483
|
|
UnitedHealth Group, Inc.
|
||||
|
04/15/2034
|
5.000%
|
|
22,000,000
|
22,355,793
|
|
07/15/2064
|
5.750%
|
|
3,561,000
|
3,736,627
|
|
Total
|
58,087,903
|
|||
|
Home Construction 0.0%
|
||||
|
Taylor Morrison Communities, Inc.(a)
|
||||
|
06/15/2027
|
5.875%
|
|
70,000
|
70,906
|
|
01/15/2028
|
5.750%
|
|
160,000
|
161,350
|
|
08/01/2030
|
5.125%
|
|
100,000
|
99,007
|
|
Total
|
331,263
|
|||
|
Independent Energy 0.1%
|
||||
|
Baytex Energy Corp.(a)
|
||||
|
04/30/2030
|
8.500%
|
|
319,000
|
340,091
|
|
Civitas Resources, Inc.(a)
|
||||
|
07/01/2028
|
8.375%
|
|
70,000
|
73,936
|
|
11/01/2030
|
8.625%
|
|
65,000
|
70,790
|
|
07/01/2031
|
8.750%
|
|
137,000
|
148,039
|
|
CNX Resources Corp.(a)
|
||||
|
01/15/2029
|
6.000%
|
|
176,000
|
176,738
|
|
01/15/2031
|
7.375%
|
|
48,000
|
50,174
|
|
Colgate Energy Partners III LLC(a)
|
||||
|
07/01/2029
|
5.875%
|
|
404,000
|
404,005
|
|
Comstock Resources, Inc.(a)
|
||||
|
03/01/2029
|
6.750%
|
|
155,000
|
152,527
|
|
01/15/2030
|
5.875%
|
|
64,000
|
60,549
|
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
CrownRock LP/Finance, Inc.(a)
|
||||
|
05/01/2029
|
5.000%
|
|
127,000
|
128,849
|
|
Hilcorp Energy I LP/Finance Co.(a)
|
||||
|
11/01/2028
|
6.250%
|
|
298,000
|
299,777
|
|
02/01/2029
|
5.750%
|
|
103,000
|
102,345
|
|
04/15/2030
|
6.000%
|
|
131,000
|
130,608
|
|
04/15/2032
|
6.250%
|
|
121,000
|
120,824
|
|
11/01/2033
|
8.375%
|
|
86,000
|
94,174
|
|
Matador Resources Co.(a)
|
||||
|
04/15/2028
|
6.875%
|
|
129,000
|
132,397
|
|
04/15/2032
|
6.500%
|
|
241,000
|
244,751
|
|
Occidental Petroleum Corp.
|
||||
|
08/01/2027
|
5.000%
|
|
2,069,000
|
2,088,079
|
|
10/01/2054
|
6.050%
|
|
2,600,000
|
2,642,338
|
|
Permian Resources Operating LLC(a)
|
||||
|
01/15/2032
|
7.000%
|
|
320,000
|
335,365
|
|
02/01/2033
|
6.250%
|
|
107,000
|
109,714
|
|
SM Energy Co.
|
||||
|
09/15/2026
|
6.750%
|
|
167,000
|
167,448
|
|
SM Energy Co.(a)
|
||||
|
08/01/2029
|
6.750%
|
|
105,000
|
106,740
|
|
08/01/2032
|
7.000%
|
|
106,000
|
108,739
|
|
Southwestern Energy Co.
|
||||
|
02/01/2032
|
4.750%
|
|
456,000
|
432,342
|
|
Total
|
8,721,339
|
|||
|
Integrated Energy 0.1%
|
||||
|
BP Capital Markets America, Inc.
|
||||
|
11/17/2027
|
5.017%
|
|
10,545,000
|
10,775,072
|
|
Leisure 0.1%
|
||||
|
Boyne USA, Inc.(a)
|
||||
|
05/15/2029
|
4.750%
|
|
226,000
|
216,802
|
|
Carnival Corp.(a)
|
||||
|
03/01/2027
|
5.750%
|
|
160,000
|
160,507
|
|
08/01/2028
|
4.000%
|
|
215,000
|
204,740
|
|
05/01/2029
|
6.000%
|
|
262,000
|
263,206
|
|
08/15/2029
|
7.000%
|
|
90,000
|
94,656
|
|
Carnival Holdings Bermuda Ltd.(a)
|
||||
|
05/01/2028
|
10.375%
|
|
181,000
|
195,831
|
|
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
|
||||
|
10/01/2028
|
6.500%
|
|
269,000
|
272,320
|
|
Cinemark USA, Inc.(a)
|
||||
|
07/15/2028
|
5.250%
|
|
191,000
|
187,707
|
|
08/01/2032
|
7.000%
|
|
61,000
|
63,320
|
|
Live Nation Entertainment, Inc.(a)
|
||||
|
03/15/2026
|
5.625%
|
|
291,000
|
289,153
|
|
05/15/2027
|
6.500%
|
|
97,000
|
98,701
|
|
10/15/2027
|
4.750%
|
|
109,000
|
106,294
|
The accompanying Notes to Financial Statements are an integral part of this statement.
14
Columbia Balanced Fund | 2024
Portfolio of Investments (continued)
August 31, 2024
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
NCL Corp., Ltd.(a)
|
||||
|
03/15/2026
|
5.875%
|
|
237,000
|
236,708
|
|
NCL Finance Ltd.(a)
|
||||
|
03/15/2028
|
6.125%
|
|
110,000
|
111,165
|
|
Royal Caribbean Cruises Ltd.(a)
|
||||
|
07/01/2026
|
4.250%
|
|
175,000
|
171,950
|
|
04/01/2028
|
5.500%
|
|
70,000
|
70,490
|
|
01/15/2030
|
7.250%
|
|
183,000
|
193,560
|
|
03/15/2032
|
6.250%
|
|
84,000
|
86,654
|
|
02/01/2033
|
6.000%
|
|
81,000
|
82,995
|
|
Royal Caribbean Cruises Ltd.
|
||||
|
03/15/2028
|
3.700%
|
|
208,000
|
199,065
|
|
Six Flags Entertainment Corp.(a)
|
||||
|
05/15/2031
|
7.250%
|
|
323,000
|
334,925
|
|
Six Flags Entertainment Corp./Theme Parks, Inc.(a)
|
||||
|
05/01/2032
|
6.625%
|
|
209,000
|
215,443
|
|
Vail Resorts, Inc.(a)
|
||||
|
05/15/2032
|
6.500%
|
|
144,000
|
149,644
|
|
Viking Cruises Ltd.(a)
|
||||
|
09/15/2027
|
5.875%
|
|
195,000
|
194,676
|
|
07/15/2031
|
9.125%
|
|
208,000
|
228,113
|
|
Total
|
4,428,625
|
|||
|
Lodging 0.0%
|
||||
|
Hilton Grand Vacations Borrower Escrow LLC(a)
|
||||
|
01/15/2032
|
6.625%
|
|
299,000
|
302,501
|
|
Media and Entertainment 0.2%
|
||||
|
Clear Channel Outdoor Holdings, Inc.(a)
|
||||
|
04/15/2028
|
7.750%
|
|
239,000
|
208,499
|
|
09/15/2028
|
9.000%
|
|
97,000
|
103,146
|
|
06/01/2029
|
7.500%
|
|
244,000
|
205,905
|
|
04/01/2030
|
7.875%
|
|
219,000
|
228,842
|
|
Clear Channel Worldwide Holdings, Inc.(a)
|
||||
|
08/15/2027
|
5.125%
|
|
302,000
|
295,070
|
|
iHeartCommunications, Inc.
|
||||
|
05/01/2026
|
6.375%
|
|
40,481
|
33,756
|
|
iHeartCommunications, Inc.(a)
|
||||
|
08/15/2027
|
5.250%
|
|
69,000
|
43,334
|
|
01/15/2028
|
4.750%
|
|
31,000
|
17,906
|
|
McGraw-Hill Education, Inc.(a)
|
||||
|
09/01/2031
|
7.375%
|
|
41,000
|
42,343
|
|
Outfront Media Capital LLC/Corp.(a)
|
||||
|
08/15/2027
|
5.000%
|
|
138,000
|
137,082
|
|
01/15/2029
|
4.250%
|
|
125,000
|
118,208
|
|
03/15/2030
|
4.625%
|
|
138,000
|
129,551
|
|
02/15/2031
|
7.375%
|
|
56,000
|
59,453
|
|
Roblox Corp.(a)
|
||||
|
05/01/2030
|
3.875%
|
|
393,000
|
361,769
|
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Univision Communications, Inc.(a)
|
||||
|
08/15/2028
|
8.000%
|
|
91,000
|
92,012
|
|
05/01/2029
|
4.500%
|
|
97,000
|
85,132
|
|
06/30/2030
|
7.375%
|
|
131,000
|
125,693
|
|
Warnermedia Holdings, Inc.
|
||||
|
03/15/2052
|
5.141%
|
|
1,515,000
|
1,150,157
|
|
03/15/2062
|
5.391%
|
|
22,240,000
|
16,747,314
|
|
Total
|
20,185,172
|
|||
|
Metals and Mining 0.0%
|
||||
|
Alcoa Nederland Holding BV(a)
|
||||
|
03/15/2031
|
7.125%
|
|
84,000
|
88,307
|
|
Allegheny Technologies, Inc.
|
||||
|
10/01/2029
|
4.875%
|
|
89,000
|
86,194
|
|
10/01/2031
|
5.125%
|
|
133,000
|
127,747
|
|
Constellium SE(a)
|
||||
|
06/15/2028
|
5.625%
|
|
300,000
|
297,163
|
|
04/15/2029
|
3.750%
|
|
373,000
|
345,599
|
|
08/15/2032
|
6.375%
|
|
81,000
|
82,221
|
|
Hudbay Minerals, Inc.(a)
|
||||
|
04/01/2026
|
4.500%
|
|
370,000
|
365,790
|
|
04/01/2029
|
6.125%
|
|
274,000
|
276,565
|
|
Kaiser Aluminum Corp.(a)
|
||||
|
03/01/2028
|
4.625%
|
|
187,000
|
178,404
|
|
06/01/2031
|
4.500%
|
|
111,000
|
99,813
|
|
Novelis Corp.(a)
|
||||
|
11/15/2026
|
3.250%
|
|
177,000
|
170,379
|
|
01/30/2030
|
4.750%
|
|
223,000
|
213,511
|
|
08/15/2031
|
3.875%
|
|
170,000
|
152,567
|
|
Total
|
2,484,260
|
|||
|
Midstream 0.5%
|
||||
|
Antero Midstream Partners LP/Finance Corp.(a)
|
||||
|
02/01/2032
|
6.625%
|
|
306,000
|
315,614
|
|
CNX Midstream Partners LP(a)
|
||||
|
04/15/2030
|
4.750%
|
|
238,000
|
221,975
|
|
Delek Logistics Partners LP/Finance Corp.(a)
|
||||
|
03/15/2029
|
8.625%
|
|
401,000
|
422,237
|
|
DT Midstream, Inc.(a)
|
||||
|
06/15/2029
|
4.125%
|
|
199,000
|
189,138
|
|
06/15/2031
|
4.375%
|
|
174,000
|
163,687
|
|
Enbridge, Inc.
|
||||
|
04/05/2027
|
5.250%
|
|
7,412,000
|
7,549,801
|
|
EQM Midstream Partners LP(a)
|
||||
|
07/01/2025
|
6.000%
|
|
247,000
|
247,391
|
|
06/01/2027
|
7.500%
|
|
91,000
|
93,877
|
|
07/01/2027
|
6.500%
|
|
202,000
|
207,212
|
|
04/01/2029
|
6.375%
|
|
104,000
|
106,883
|
|
01/15/2031
|
4.750%
|
|
357,000
|
343,949
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
15
Portfolio of Investments (continued)
August 31, 2024
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Kinder Morgan Energy Partners LP
|
||||
|
03/01/2044
|
5.500%
|
|
10,000,000
|
9,658,068
|
|
NuStar Logistics LP
|
||||
|
06/01/2026
|
6.000%
|
|
220,000
|
221,860
|
|
04/28/2027
|
5.625%
|
|
151,000
|
151,436
|
|
10/01/2030
|
6.375%
|
|
150,000
|
156,866
|
|
Plains All American Pipeline LP/Finance Corp.
|
||||
|
01/15/2037
|
6.650%
|
|
17,775,000
|
19,310,491
|
|
Sunoco LP(a)
|
||||
|
05/01/2032
|
7.250%
|
|
187,000
|
197,889
|
|
Sunoco LP/Finance Corp.
|
||||
|
04/30/2030
|
4.500%
|
|
178,000
|
169,433
|
|
TransMontaigne Partners LP/TLP Finance Corp.
|
||||
|
02/15/2026
|
6.125%
|
|
235,000
|
230,878
|
|
Venture Global Calcasieu Pass LLC(a)
|
||||
|
08/15/2029
|
3.875%
|
|
233,000
|
220,303
|
|
08/15/2031
|
4.125%
|
|
396,000
|
367,299
|
|
11/01/2033
|
3.875%
|
|
180,000
|
160,411
|
|
Venture Global LNG, Inc.(a)
|
||||
|
06/01/2028
|
8.125%
|
|
318,000
|
333,113
|
|
02/01/2029
|
9.500%
|
|
87,000
|
98,042
|
|
01/15/2030
|
7.000%
|
|
121,000
|
123,850
|
|
06/01/2031
|
8.375%
|
|
78,000
|
82,888
|
|
02/01/2032
|
9.875%
|
|
87,000
|
96,826
|
|
Western Midstream Operating LP
|
||||
|
04/01/2033
|
6.150%
|
|
4,559,000
|
4,777,218
|
|
Williams Companies, Inc. (The)
|
||||
|
09/15/2045
|
5.100%
|
|
4,000,000
|
3,723,490
|
|
Total
|
49,942,125
|
|||
|
Natural Gas 0.1%
|
||||
|
NiSource, Inc.
|
||||
|
05/01/2030
|
3.600%
|
|
3,855,000
|
3,659,017
|
|
Oil Field Services 0.0%
|
||||
|
Archrock Partners LP/Finance Corp.(a)
|
||||
|
04/01/2028
|
6.250%
|
|
219,000
|
219,865
|
|
09/01/2032
|
6.625%
|
|
107,000
|
108,380
|
|
Kodiak Gas Services LLC(a)
|
||||
|
02/15/2029
|
7.250%
|
|
206,000
|
213,469
|
|
Nabors Industries, Inc.(a)
|
||||
|
01/31/2030
|
9.125%
|
|
256,000
|
274,714
|
|
08/15/2031
|
8.875%
|
|
217,000
|
217,573
|
|
Noble Finance II LLC(a)
|
||||
|
04/15/2030
|
8.000%
|
|
119,000
|
123,553
|
|
Transocean Aquila Ltd.(a)
|
||||
|
09/30/2028
|
8.000%
|
|
223,000
|
229,394
|
|
Transocean Titan Financing Ltd.(a)
|
||||
|
02/01/2028
|
8.375%
|
|
197,000
|
204,152
|
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Transocean, Inc.(a)
|
||||
|
05/15/2029
|
8.250%
|
|
71,000
|
71,962
|
|
05/15/2031
|
8.500%
|
|
118,000
|
119,809
|
|
USA Compression Partners LP/Finance Corp.
|
||||
|
09/01/2027
|
6.875%
|
|
166,000
|
167,373
|
|
USA Compression Partners LP/Finance Corp.(a)
|
||||
|
03/15/2029
|
7.125%
|
|
158,000
|
162,459
|
|
Total
|
2,112,703
|
|||
|
Other Industry 0.0%
|
||||
|
Picasso Finance Sub, Inc.(a)
|
||||
|
06/15/2025
|
6.125%
|
|
219,000
|
219,337
|
|
Williams Scotsman, Inc.(a)
|
||||
|
06/15/2029
|
6.625%
|
|
77,000
|
79,434
|
|
Total
|
298,771
|
|||
|
Other REIT 0.0%
|
||||
|
Ladder Capital Finance Holdings LLLP(a)
|
||||
|
07/15/2031
|
7.000%
|
|
233,000
|
243,235
|
|
Ladder Capital Finance Holdings LLLP/Corp.(a)
|
||||
|
10/01/2025
|
5.250%
|
|
304,000
|
303,169
|
|
06/15/2029
|
4.750%
|
|
510,000
|
491,319
|
|
Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer(a)
|
||||
|
10/01/2028
|
5.875%
|
|
169,000
|
167,745
|
|
05/15/2029
|
4.875%
|
|
141,000
|
134,556
|
|
02/01/2030
|
7.000%
|
|
88,000
|
90,304
|
|
RHP Hotel Properties LP/Finance Corp.(a)
|
||||
|
07/15/2028
|
7.250%
|
|
64,000
|
66,551
|
|
04/01/2032
|
6.500%
|
|
202,000
|
207,927
|
|
RLJ Lodging Trust LP(a)
|
||||
|
07/01/2026
|
3.750%
|
|
138,000
|
133,541
|
|
Service Properties Trust(a)
|
||||
|
11/15/2031
|
8.625%
|
|
120,000
|
128,094
|
|
Total
|
1,966,441
|
|||
|
Packaging 0.0%
|
||||
|
Ardagh Metal Packaging Finance USA LLC/PLC(a)
|
||||
|
06/15/2027
|
6.000%
|
|
287,000
|
287,241
|
|
09/01/2029
|
4.000%
|
|
491,000
|
423,182
|
|
Canpack SA/US LLC(a)
|
||||
|
11/15/2029
|
3.875%
|
|
186,000
|
169,984
|
|
Clydesdale Acquisition Holdings, Inc.(a)
|
||||
|
04/15/2029
|
6.625%
|
|
140,000
|
139,903
|
|
04/15/2030
|
8.750%
|
|
95,000
|
94,867
|
|
Trivium Packaging Finance BV(a)
|
||||
|
08/15/2026
|
5.500%
|
|
212,000
|
209,421
|
|
08/15/2027
|
8.500%
|
|
54,000
|
53,982
|
|
Total
|
1,378,580
|
|||
The accompanying Notes to Financial Statements are an integral part of this statement.
16
Columbia Balanced Fund | 2024
Portfolio of Investments (continued)
August 31, 2024
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Pharmaceuticals 0.8%
|
||||
|
1375209 BC Ltd.(a)
|
||||
|
01/30/2028
|
9.000%
|
|
42,000
|
40,800
|
|
AbbVie, Inc.
|
||||
|
03/15/2029
|
4.800%
|
|
32,500,000
|
33,196,282
|
|
Amgen, Inc.
|
||||
|
03/02/2053
|
5.650%
|
|
12,150,000
|
12,489,969
|
|
Bausch Health Companies, Inc.(a)
|
||||
|
02/01/2027
|
6.125%
|
|
130,000
|
110,868
|
|
08/15/2027
|
5.750%
|
|
170,000
|
133,727
|
|
06/01/2028
|
4.875%
|
|
16,000
|
12,065
|
|
09/30/2028
|
11.000%
|
|
75,000
|
69,417
|
|
Gilead Sciences, Inc.
|
||||
|
03/01/2026
|
3.650%
|
|
33,786,000
|
33,328,139
|
|
Grifols Escrow Issuer SA(a)
|
||||
|
10/15/2028
|
4.750%
|
|
411,000
|
390,127
|
|
Organon Finance 1 LLC(a)
|
||||
|
04/30/2028
|
4.125%
|
|
107,000
|
102,247
|
|
04/30/2031
|
5.125%
|
|
313,000
|
292,849
|
|
Total
|
80,166,490
|
|||
|
Property & Casualty 0.1%
|
||||
|
Alliant Holdings Intermediate LLC/Co-Issuer(a)
|
||||
|
10/15/2027
|
4.250%
|
|
170,000
|
163,930
|
|
10/15/2027
|
6.750%
|
|
319,000
|
318,394
|
|
04/15/2028
|
6.750%
|
|
340,000
|
346,509
|
|
11/01/2029
|
5.875%
|
|
197,000
|
191,976
|
|
01/15/2031
|
7.000%
|
|
322,000
|
333,411
|
|
AmWINS Group, Inc.(a)
|
||||
|
02/15/2029
|
6.375%
|
|
216,000
|
221,394
|
|
AssuredPartners, Inc.(a)
|
||||
|
01/15/2029
|
5.625%
|
|
317,000
|
302,917
|
|
02/15/2032
|
7.500%
|
|
218,000
|
223,108
|
|
BroadStreet Partners, Inc.(a)
|
||||
|
04/15/2029
|
5.875%
|
|
273,000
|
259,824
|
|
HUB International Ltd.(a)
|
||||
|
12/01/2029
|
5.625%
|
|
269,000
|
262,481
|
|
01/31/2032
|
7.375%
|
|
99,000
|
102,705
|
|
HUB International, Ltd.(a)
|
||||
|
06/15/2030
|
7.250%
|
|
518,000
|
541,783
|
|
Panther Escrow Issuer LLC(a)
|
||||
|
06/01/2031
|
7.125%
|
|
288,000
|
300,021
|
|
USI, Inc.(a)
|
||||
|
01/15/2032
|
7.500%
|
|
164,000
|
171,884
|
|
Total
|
3,740,337
|
|||
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Railroads 0.1%
|
||||
|
Genesee & Wyoming, Inc.(a)
|
||||
|
04/15/2032
|
6.250%
|
|
251,000
|
256,792
|
|
Norfolk Southern Corp.
|
||||
|
06/15/2026
|
2.900%
|
|
5,114,000
|
4,975,281
|
|
Watco Cos LLC/Finance Corp.(a)
|
||||
|
08/01/2032
|
7.125%
|
|
293,000
|
303,201
|
|
Total
|
5,535,274
|
|||
|
Restaurants 0.0%
|
||||
|
1011778 BC ULC/New Red Finance, Inc.(a)
|
||||
|
01/15/2028
|
3.875%
|
|
181,000
|
173,051
|
|
10/15/2030
|
4.000%
|
|
225,000
|
206,114
|
|
Fertitta Entertainment LLC/Finance Co., Inc.(a)
|
||||
|
01/15/2030
|
6.750%
|
|
196,000
|
175,503
|
|
IRB Holding Corp.(a)
|
||||
|
06/15/2025
|
7.000%
|
|
287,000
|
287,273
|
|
Total
|
841,941
|
|||
|
Retailers 0.2%
|
||||
|
Asbury Automotive Group, Inc.(a)
|
||||
|
11/15/2029
|
4.625%
|
|
154,000
|
146,869
|
|
02/15/2032
|
5.000%
|
|
174,000
|
163,843
|
|
Cougar JV Subsidiary LLC(a)
|
||||
|
05/15/2032
|
8.000%
|
|
74,000
|
78,077
|
|
Group 1 Automotive, Inc.(a)
|
||||
|
08/15/2028
|
4.000%
|
|
237,000
|
224,263
|
|
01/15/2030
|
6.375%
|
|
55,000
|
55,947
|
|
Hanesbrands, Inc.(a)
|
||||
|
02/15/2031
|
9.000%
|
|
120,000
|
129,010
|
|
L Brands, Inc.
|
||||
|
06/15/2029
|
7.500%
|
|
143,000
|
147,942
|
|
L Brands, Inc.(a)
|
||||
|
10/01/2030
|
6.625%
|
|
146,000
|
147,878
|
|
LCM Investments Holdings II LLC(a)
|
||||
|
08/01/2031
|
8.250%
|
|
224,000
|
238,123
|
|
Lithia Motors, Inc.(a)
|
||||
|
01/15/2031
|
4.375%
|
|
120,000
|
110,581
|
|
Lowe’s Companies, Inc.
|
||||
|
09/15/2062
|
5.800%
|
|
12,000,000
|
12,218,212
|
|
PetSmart, Inc./Finance Corp.(a)
|
||||
|
02/15/2028
|
4.750%
|
|
263,000
|
251,548
|
|
02/15/2029
|
7.750%
|
|
304,000
|
299,423
|
|
Wolverine World Wide, Inc.(a)
|
||||
|
08/15/2029
|
4.000%
|
|
254,000
|
216,815
|
|
Total
|
14,428,531
|
|||
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
17
Portfolio of Investments (continued)
August 31, 2024
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Supermarkets 0.0%
|
||||
|
Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC(a)
|
||||
|
02/15/2028
|
5.875%
|
|
158,000
|
157,692
|
|
03/15/2029
|
3.500%
|
|
219,000
|
202,924
|
|
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(a)
|
||||
|
03/15/2026
|
3.250%
|
|
130,000
|
125,915
|
|
Kroger Co. (The)
|
||||
|
09/15/2064
|
5.650%
|
|
1,794,000
|
1,755,331
|
|
Total
|
2,241,862
|
|||
|
Technology 0.3%
|
||||
|
Amentum Escrow Corp.(a)
|
||||
|
08/01/2032
|
7.250%
|
|
75,000
|
78,366
|
|
Block, Inc.(a)
|
||||
|
05/15/2032
|
6.500%
|
|
320,000
|
332,124
|
|
Broadcom, Inc.(a)
|
||||
|
11/15/2036
|
3.187%
|
|
14,000,000
|
11,587,883
|
|
Camelot Finance SA(a)
|
||||
|
11/01/2026
|
4.500%
|
|
118,000
|
115,899
|
|
Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.(a)
|
||||
|
06/15/2029
|
8.000%
|
|
119,000
|
123,034
|
|
Central Parent, Inc./CDK Global, Inc.(a)
|
||||
|
06/15/2029
|
7.250%
|
|
100,000
|
100,508
|
|
Clarivate Science Holdings Corp.(a)
|
||||
|
07/01/2028
|
3.875%
|
|
160,000
|
152,487
|
|
07/01/2029
|
4.875%
|
|
366,000
|
352,455
|
|
Cloud Software Group, Inc.(a)
|
||||
|
09/30/2029
|
9.000%
|
|
600,000
|
603,910
|
|
06/30/2032
|
8.250%
|
|
374,000
|
391,719
|
|
CommScope Technologies LLC(a)
|
||||
|
06/15/2025
|
6.000%
|
|
70,000
|
67,198
|
|
Condor Merger Sub, Inc.(a)
|
||||
|
02/15/2030
|
7.375%
|
|
441,000
|
422,956
|
|
Entegris Escrow Corp.(a)
|
||||
|
06/15/2030
|
5.950%
|
|
489,000
|
495,351
|
|
GTCR W-2 Merger Sub LLC(a)
|
||||
|
01/15/2031
|
7.500%
|
|
349,000
|
372,395
|
|
HealthEquity, Inc.(a)
|
||||
|
10/01/2029
|
4.500%
|
|
136,000
|
129,950
|
|
Helios Software Holdings, Inc.(a)
|
||||
|
05/01/2028
|
4.625%
|
|
149,000
|
136,628
|
|
Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl(a)
|
||||
|
05/01/2029
|
8.750%
|
|
224,000
|
233,315
|
|
ION Trading Technologies Sarl(a)
|
||||
|
05/15/2028
|
5.750%
|
|
155,000
|
145,279
|
|
05/30/2029
|
9.500%
|
|
380,000
|
403,137
|
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Iron Mountain, Inc.(a)
|
||||
|
09/15/2027
|
4.875%
|
|
91,000
|
89,317
|
|
03/15/2028
|
5.250%
|
|
159,000
|
157,215
|
|
07/15/2028
|
5.000%
|
|
263,000
|
257,581
|
|
07/15/2030
|
5.250%
|
|
79,000
|
76,991
|
|
Minerva Merger Sub, Inc.(a)
|
||||
|
02/15/2030
|
6.500%
|
|
408,000
|
390,253
|
|
NCR Atleos Escrow Corp.(a)
|
||||
|
04/01/2029
|
9.500%
|
|
350,000
|
385,897
|
|
NCR Corp.(a)
|
||||
|
10/01/2028
|
5.000%
|
|
414,000
|
408,445
|
|
04/15/2029
|
5.125%
|
|
272,000
|
267,011
|
|
10/01/2030
|
5.250%
|
|
18,000
|
17,524
|
|
Neptune Bidco US, Inc.(a)
|
||||
|
04/15/2029
|
9.290%
|
|
484,000
|
483,317
|
|
NXP BV/Funding LLC/USA, Inc.
|
||||
|
05/01/2030
|
3.400%
|
|
9,500,000
|
8,887,775
|
|
Picard Midco, Inc.(a)
|
||||
|
03/31/2029
|
6.500%
|
|
436,000
|
430,086
|
|
Seagate HDD
|
||||
|
12/15/2029
|
8.250%
|
|
118,000
|
128,002
|
|
07/15/2031
|
8.500%
|
|
76,000
|
82,695
|
|
Sensata Technologies BV(a)
|
||||
|
09/01/2030
|
5.875%
|
|
106,000
|
105,807
|
|
Shift4 Payments LLC/Finance Sub, Inc.(a)
|
||||
|
11/01/2026
|
4.625%
|
|
354,000
|
349,615
|
|
08/15/2032
|
6.750%
|
|
99,000
|
102,156
|
|
SS&C Technologies, Inc.(a)
|
||||
|
06/01/2032
|
6.500%
|
|
141,000
|
145,525
|
|
Synaptics, Inc.(a)
|
||||
|
06/15/2029
|
4.000%
|
|
71,000
|
66,616
|
|
UKG, Inc.(a)
|
||||
|
02/01/2031
|
6.875%
|
|
326,000
|
337,178
|
|
Zebra Technologies Corp.(a)
|
||||
|
06/01/2032
|
6.500%
|
|
139,000
|
143,800
|
|
ZoomInfo Technologies LLC/Finance Corp.(a)
|
||||
|
02/01/2029
|
3.875%
|
|
467,000
|
431,438
|
|
Total
|
29,988,838
|
|||
|
Transportation Services 0.1%
|
||||
|
Avis Budget Car Rental LLC/Finance, Inc.(a)
|
||||
|
02/15/2031
|
8.000%
|
|
200,000
|
198,913
|
|
ERAC USA Finance LLC(a)
|
||||
|
10/15/2037
|
7.000%
|
|
5,050,000
|
5,972,011
|
|
Total
|
6,170,924
|
|||
The accompanying Notes to Financial Statements are an integral part of this statement.
18
Columbia Balanced Fund | 2024
Portfolio of Investments (continued)
August 31, 2024
|
Corporate Bonds & Notes (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Wireless 0.1%
|
||||
|
Altice France Holding SA(a)
|
||||
|
02/15/2028
|
6.000%
|
|
206,000
|
66,381
|
|
Altice France SA(a)
|
||||
|
02/01/2027
|
8.125%
|
|
59,000
|
47,579
|
|
01/15/2028
|
5.500%
|
|
432,000
|
308,001
|
|
07/15/2029
|
5.125%
|
|
130,000
|
90,993
|
|
T-Mobile US, Inc.
|
||||
|
01/15/2053
|
5.650%
|
|
8,500,000
|
8,718,503
|
|
Vmed O2 UK Financing I PLC(a)
|
||||
|
07/15/2031
|
4.750%
|
|
213,000
|
186,978
|
|
Total
|
9,418,435
|
|||
|
Wirelines 0.0%
|
||||
|
Frontier Communications Holdings LLC(a)
|
||||
|
05/15/2030
|
8.750%
|
|
220,000
|
232,007
|
|
03/15/2031
|
8.625%
|
|
258,000
|
273,248
|
|
Iliad Holding SAS(a)
|
||||
|
10/15/2028
|
7.000%
|
|
332,000
|
336,608
|
|
Total
|
841,863
|
|||
|
Total Corporate Bonds & Notes
(Cost $772,858,842)
|
787,590,945
|
|||
|
Exchange-Traded Equity Funds 1.7%
|
||
|
|
Shares
|
Value ($)
|
|
International Mid Large Cap 1.7%
|
||
|
iShares Core MSCI EAFE ETF
|
2,163,578
|
167,006,586
|
|
Total Exchange-Traded Equity Funds
(Cost $145,112,086)
|
167,006,586
|
|
|
Foreign Government Obligations(g) 0.0%
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Canada 0.0%
|
||||
|
NOVA Chemicals Corp.(a)
|
||||
|
11/15/2028
|
8.500%
|
|
71,000
|
75,938
|
|
05/15/2029
|
4.250%
|
|
102,000
|
93,141
|
|
02/15/2030
|
9.000%
|
|
593,000
|
637,570
|
|
Total
|
806,649
|
|||
|
Total Foreign Government Obligations
(Cost $761,606)
|
806,649
|
|||
|
|
||||
|
Residential Mortgage-Backed Securities - Agency 12.2%
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Federal Home Loan Mortgage Corp.
|
||||
|
07/01/2029-
09/01/2043
|
3.500%
|
|
432,566
|
420,260
|
|
10/01/2031-
10/01/2039
|
6.000%
|
|
92,766
|
96,700
|
|
06/01/2032-
07/01/2032
|
7.000%
|
|
85,916
|
89,232
|
|
12/01/2036-
01/01/2039
|
5.500%
|
|
44,880
|
46,051
|
|
03/01/2038
|
6.500%
|
|
430
|
443
|
|
10/01/2038-
05/01/2041
|
5.000%
|
|
99,059
|
101,487
|
|
05/01/2039-
10/01/2040
|
4.500%
|
|
272,625
|
272,967
|
|
12/01/2051
|
2.500%
|
|
27,497,237
|
23,619,065
|
|
Federal Home Loan Mortgage Corp.(b)
|
||||
|
12-month Term SOFR +
1.703%
Cap 11.242%
08/01/2036
|
6.550%
|
|
3,903
|
4,038
|
|
Federal Home Loan Mortgage Corp.(h)
|
||||
|
01/01/2038
|
6.000%
|
|
127,257
|
133,646
|
|
05/01/2038
|
5.500%
|
|
63,752
|
65,342
|
|
11/01/2039-
06/01/2041
|
4.500%
|
|
696,751
|
698,166
|
|
05/01/2041
|
5.000%
|
|
179,539
|
183,937
|
|
01/01/2043-
06/01/2046
|
3.500%
|
|
481,699
|
452,232
|
|
Federal National Mortgage Association(h)
|
||||
|
12/01/2025-
03/01/2046
|
3.500%
|
|
3,249,037
|
3,096,786
|
|
07/01/2027-
02/01/2031
|
3.000%
|
|
810,119
|
786,725
|
|
10/01/2043-
02/01/2044
|
4.500%
|
|
460,248
|
456,689
|
|
08/01/2044
|
4.000%
|
|
118,846
|
114,655
|
|
Federal National Mortgage Association
|
||||
|
01/01/2026-
05/01/2027
|
3.500%
|
|
119,212
|
117,565
|
|
01/01/2029-
06/01/2044
|
4.000%
|
|
308,682
|
302,569
|
|
06/01/2031
|
7.000%
|
|
29,532
|
30,645
|
|
07/01/2032-
03/01/2037
|
6.500%
|
|
106,118
|
109,640
|
|
06/01/2037-
02/01/2038
|
5.500%
|
|
47,399
|
48,643
|
|
05/01/2040-
06/01/2044
|
4.500%
|
|
684,335
|
682,634
|
|
08/01/2043
|
3.000%
|
|
88,659
|
81,276
|
|
Federal National Mortgage Association(c)
|
||||
|
Series 2006-M2 Class A2A
|
||||
|
10/25/2032
|
5.271%
|
|
112,318
|
112,219
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
19
Portfolio of Investments (continued)
August 31, 2024
|
Residential Mortgage-Backed Securities - Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Uniform Mortgage-Backed Security TBA(i)
|
||||
|
09/19/2039-
09/16/2054
|
3.000%
|
|
249,550,000
|
222,462,592
|
|
09/19/2039-
09/16/2054
|
3.500%
|
|
165,550,000
|
154,057,974
|
|
09/16/2054
|
2.000%
|
|
51,775,000
|
42,361,596
|
|
09/16/2054
|
2.500%
|
|
124,975,000
|
106,563,259
|
|
09/16/2054
|
4.000%
|
|
237,450,000
|
225,307,365
|
|
09/16/2054
|
4.500%
|
|
126,175,000
|
122,735,699
|
|
09/16/2054
|
5.000%
|
|
127,450,000
|
126,532,626
|
|
09/16/2054
|
5.500%
|
|
45,000,000
|
45,305,556
|
|
09/16/2054
|
6.000%
|
|
100,225,000
|
102,064,746
|
|
Total Residential Mortgage-Backed Securities - Agency
(Cost $1,179,211,947)
|
1,179,515,025
|
|||
|
|
||||
|
Residential Mortgage-Backed Securities - Non-Agency 8.2%
|
||||
|
|
|
|
|
|
|
510 Asset Backed Trust(a),(f)
|
||||
|
CMO Series 2021-NPL2 Class A1
|
||||
|
06/25/2061
|
2.116%
|
|
4,810,388
|
4,741,282
|
|
A&D Mortgage Trust(a),(f)
|
||||
|
CMO Series 2024-NQM2 Class A1
|
||||
|
04/25/2069
|
6.498%
|
|
30,455,292
|
30,895,206
|
|
Ajax Mortgage Loan Trust(a),(c)
|
||||
|
CMO Series 2021-A Class A1
|
||||
|
09/25/2065
|
1.065%
|
|
11,883,694
|
10,577,886
|
|
Angel Oak Mortgage Trust(a),(c)
|
||||
|
CMO Series 2020-6 Class A3
|
||||
|
05/25/2065
|
1.775%
|
|
636,451
|
579,879
|
|
CMO Series 2020-6 Class M1
|
||||
|
05/25/2065
|
2.805%
|
|
2,575,000
|
2,164,140
|
|
CMO Series 2020-R1 Class A1
|
||||
|
04/25/2053
|
0.990%
|
|
2,103,495
|
1,961,816
|
|
Angel Oak Mortgage Trust(a),(f)
|
||||
|
CMO Series 2022-6 Class A1
|
||||
|
07/25/2067
|
4.300%
|
|
24,149,091
|
23,896,095
|
|
BRAVO Residential Funding Trust(a),(c)
|
||||
|
CMO Series 2020-NQM1 Class A1
|
||||
|
05/25/2060
|
1.449%
|
|
714,281
|
684,785
|
|
CMO Series 2020-RPL1 Class A1
|
||||
|
05/26/2059
|
2.500%
|
|
2,403,009
|
2,324,352
|
|
CMO Series 2021-NQM1 Class A1
|
||||
|
02/25/2049
|
0.941%
|
|
5,484,188
|
5,034,561
|
|
CMO Series 2021-NQM1 Class A3
|
||||
|
02/25/2049
|
1.332%
|
|
2,221,580
|
2,045,019
|
|
CMO Series 2021-NQM2 Class A3
|
||||
|
03/25/2060
|
1.435%
|
|
1,135,662
|
1,068,662
|
|
CMO Series 2022-NQM3 Class A1
|
||||
|
07/25/2062
|
5.108%
|
|
5,591,270
|
5,567,969
|
|
Subordinated CMO Series 2021-NQM2 Class B1
|
||||
|
03/25/2060
|
3.044%
|
|
2,725,000
|
2,438,230
|
|
Residential Mortgage-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
BRAVO Residential Funding Trust(a),(f)
|
||||
|
CMO Series 2023-NQM8 Class A1
|
||||
|
10/25/2063
|
6.394%
|
|
4,514,974
|
4,584,474
|
|
CMO Series 2024-NQM2 Class A1
|
||||
|
02/25/2064
|
6.285%
|
|
8,978,788
|
9,112,584
|
|
CMO Series 2024-NQM3 Class A1
|
||||
|
03/25/2064
|
6.191%
|
|
11,955,764
|
12,132,529
|
|
CHNGE Mortgage Trust(a),(c)
|
||||
|
CMO Series 2022-1 Class A1
|
||||
|
01/25/2067
|
3.007%
|
|
11,421,013
|
10,648,715
|
|
CHNGE Mortgage Trust(a),(f)
|
||||
|
CMO Series 2022-NQM1 Class A1
|
||||
|
06/25/2067
|
5.528%
|
|
4,587,161
|
4,577,163
|
|
CIM Trust(a),(f)
|
||||
|
CMO Series 2021-NR1 Class A1
|
||||
|
07/25/2055
|
2.569%
|
|
2,423,279
|
2,400,515
|
|
CMO Series 2021-NR2 Class A1
|
||||
|
07/25/2059
|
2.568%
|
|
2,448,383
|
2,443,252
|
|
COLT Mortgage Loan Trust(a)
|
||||
|
CMO Series 2021-2R Class A1
|
||||
|
07/27/2054
|
0.798%
|
|
1,869,201
|
1,632,511
|
|
COLT Mortgage Loan Trust(a),(c)
|
||||
|
CMO Series 2021-HX1 Class M1
|
||||
|
10/25/2066
|
2.355%
|
|
3,250,000
|
2,257,423
|
|
CMO Series 2022-1 Class A1
|
||||
|
12/27/2066
|
2.284%
|
|
12,210,933
|
11,162,861
|
|
CMO Series 2022-4 Class A1
|
||||
|
03/25/2067
|
4.301%
|
|
10,811,568
|
10,760,413
|
|
COLT Mortgage Loan Trust(a),(f)
|
||||
|
CMO Series 2024-1 Class A1
|
||||
|
02/25/2069
|
5.835%
|
|
9,386,660
|
9,447,334
|
|
Connecticut Avenue Securities Trust(a),(b)
|
||||
|
CMO Series 2022-R04 Class 1M2
|
||||
|
30-day Average SOFR +
3.100%
03/25/2042
|
8.449%
|
|
7,200,000
|
7,494,696
|
|
Credit Suisse Mortgage Trust(a),(c)
|
||||
|
CMO Series 2021-AFC1 Class A1
|
||||
|
03/25/2056
|
0.830%
|
|
3,746,005
|
3,075,941
|
|
CMO Series 2021-NQM1 Class A3
|
||||
|
05/25/2065
|
1.199%
|
|
1,167,402
|
1,030,208
|
|
CMO Series 2021-NQM1 Class M1
|
||||
|
05/25/2065
|
2.130%
|
|
1,075,000
|
784,952
|
|
CMO Series 2021-RPL1 Class A1
|
||||
|
09/27/2060
|
4.055%
|
|
8,486,913
|
8,490,523
|
|
CMO Series 2021-RPL2 Class M1
|
||||
|
01/25/2060
|
2.750%
|
|
4,775,000
|
3,700,151
|
The accompanying Notes to Financial Statements are an integral part of this statement.
20
Columbia Balanced Fund | 2024
Portfolio of Investments (continued)
August 31, 2024
|
Residential Mortgage-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
CMO Series 2021-RPL2 Class M2
|
||||
|
01/25/2060
|
3.250%
|
|
2,525,000
|
1,897,142
|
|
CMO Series 2022-ATH3 Class A1
|
||||
|
08/25/2067
|
4.991%
|
|
4,972,253
|
4,919,273
|
|
Cross Mortgage Trust(a),(f)
|
||||
|
CMO Series 2024-H2 Class A1
|
||||
|
04/25/2069
|
6.093%
|
|
3,296,538
|
3,325,205
|
|
CSMC Trust(a),(c)
|
||||
|
CMO Series 2018-RPL9 Class A
|
||||
|
09/25/2057
|
3.850%
|
|
8,149,907
|
7,858,854
|
|
CMO Series 2021-RPL4 Class A1
|
||||
|
12/27/2060
|
4.061%
|
|
6,163,485
|
6,088,523
|
|
Subordinated CMO Series 2020-RPL3 Class A1
|
||||
|
03/25/2060
|
4.046%
|
|
4,225,035
|
4,324,066
|
|
Subordinated CMO Series 2020-RPL4 Class A1
|
||||
|
01/25/2060
|
2.000%
|
|
3,351,259
|
2,984,477
|
|
CSMC Trust(a)
|
||||
|
CMO Series 2019-AFC1 Class A1
|
||||
|
07/25/2049
|
3.573%
|
|
2,058,140
|
1,980,841
|
|
Eagle Re Ltd.(a),(b)
|
||||
|
CMO Series 2021-1 Class M1C
|
||||
|
30-day Average SOFR +
2.700%
Floor 2.700%
10/25/2033
|
7.976%
|
|
500,661
|
501,099
|
|
CMO Series 2021-2 Class M1B
|
||||
|
30-day Average SOFR +
2.050%
Floor 2.050%
04/25/2034
|
7.398%
|
|
3,287,686
|
3,290,903
|
|
Ellington Financial Mortgage Trust(a),(c)
|
||||
|
CMO Series 2019-2 Class A3
|
||||
|
11/25/2059
|
3.046%
|
|
461,067
|
438,170
|
|
CMO Series 2020-1 Class A1
|
||||
|
05/25/2065
|
2.006%
|
|
105,330
|
102,445
|
|
CMO Series 2022-2 Class A1
|
||||
|
04/25/2067
|
4.299%
|
|
29,130,680
|
28,948,141
|
|
Equifirst Mortgage Loan Trust(f)
|
||||
|
CMO Series 2003-1 Class IF1
|
||||
|
12/25/2032
|
4.010%
|
|
19,491
|
18,442
|
|
Freddie Mac STACR REMIC Trust(a),(b)
|
||||
|
CMO Series 2021-DNA5 Class M2
|
||||
|
30-day Average SOFR +
1.650%
01/25/2034
|
6.999%
|
|
1,842,264
|
1,853,435
|
|
CMO Series 2022-DNA3 Class M1B
|
||||
|
30-day Average SOFR +
2.900%
04/25/2042
|
8.249%
|
|
7,000,000
|
7,247,060
|
|
Residential Mortgage-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
CMO Series 2022-DNA4 Class M1A
|
||||
|
30-day Average SOFR +
2.200%
05/25/2042
|
7.549%
|
|
11,239,535
|
11,426,955
|
|
Subordinated CMO Series 2022-DNA6 Class M1A
|
||||
|
30-day Average SOFR +
2.150%
09/25/2042
|
7.499%
|
|
1,994,923
|
2,017,561
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes(a),(b)
|
||||
|
CMO Series 2022-DNA2 Class M1B
|
||||
|
30-day Average SOFR +
2.400%
02/25/2042
|
7.749%
|
|
16,150,000
|
16,535,386
|
|
CMO Series 2022-DNA5 Class M1A
|
||||
|
30-day Average SOFR +
2.950%
06/25/2042
|
8.299%
|
|
7,974,168
|
8,185,874
|
|
Subordinated CMO Series 2021-DNA7 Class M1
|
||||
|
30-day Average SOFR +
0.850%
11/25/2041
|
6.199%
|
|
13,734,191
|
13,713,743
|
|
GCAT Trust(a),(c)
|
||||
|
CMO Series 2019-RPL1 Class A1
|
||||
|
10/25/2068
|
2.650%
|
|
3,582,087
|
3,427,289
|
|
CMO Series 2021-CM2 Class A1
|
||||
|
08/25/2066
|
2.352%
|
|
14,389,645
|
13,458,227
|
|
CMO Series 2022-NQM3 Class A1
|
||||
|
04/25/2067
|
4.348%
|
|
30,595,424
|
29,964,883
|
|
GS Mortgage-Backed Securities Trust(a),(c)
|
||||
|
CMO Series 2020-NQM1 Class A1
|
||||
|
09/27/2060
|
1.382%
|
|
1,562,494
|
1,442,038
|
|
Homeward Opportunities Fund I Trust(a),(c)
|
||||
|
CMO Series 2020-2 Class A3
|
||||
|
05/25/2065
|
3.196%
|
|
3,450,000
|
3,316,031
|
|
Imperial Fund Mortgage Trust(a),(c)
|
||||
|
CMO Series 2021-NQM2 Class A3
|
||||
|
09/25/2056
|
1.516%
|
|
4,864,481
|
4,163,553
|
|
Legacy Mortgage Asset Trust(a),(f)
|
||||
|
CMO Series 2021-GS1 Class A1
|
||||
|
10/25/2066
|
4.892%
|
|
6,347,491
|
6,405,633
|
|
CMO Series 2021-GS2 Class A1
|
||||
|
04/25/2061
|
1.750%
|
|
11,968,998
|
12,004,314
|
|
LHOME Mortgage Trust(a),(f)
|
||||
|
CMO Series 2024-RTL1 Class A1
|
||||
|
01/25/2029
|
7.017%
|
|
4,300,000
|
4,341,188
|
|
MetLife Securitization Trust(a),(c)
|
||||
|
CMO Series 2018-1A Class A
|
||||
|
03/25/2057
|
3.750%
|
|
2,036,939
|
1,958,741
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
21
Portfolio of Investments (continued)
August 31, 2024
|
Residential Mortgage-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
MFA Trust(a),(c)
|
||||
|
CMO Series 2020-NQM3 Class M1
|
||||
|
01/26/2065
|
2.654%
|
|
2,925,000
|
2,569,900
|
|
CMO Series 2021-NQM1 Class A1
|
||||
|
04/25/2065
|
1.153%
|
|
3,057,982
|
2,764,299
|
|
MFA Trust(a),(f)
|
||||
|
CMO Series 2022-NQM2 Class A1
|
||||
|
05/25/2067
|
4.000%
|
|
28,359,087
|
27,771,986
|
|
CMO Series 2023-NQM4 Class A1
|
||||
|
12/25/2068
|
6.105%
|
|
2,663,220
|
2,678,259
|
|
MFRA Trust(a),(c)
|
||||
|
CMO Series 2021-INV1 Class A1
|
||||
|
01/25/2056
|
0.852%
|
|
775,483
|
731,981
|
|
CMO Series 2021-INV1 Class A2
|
||||
|
01/25/2056
|
1.057%
|
|
161,128
|
152,193
|
|
CMO Series 2021-INV1 Class A3
|
||||
|
01/25/2056
|
1.262%
|
|
248,597
|
234,973
|
|
Mill City Mortgage Loan Trust(a),(c)
|
||||
|
CMO Series 2018-3 Class A1
|
||||
|
08/25/2058
|
3.482%
|
|
3,223,159
|
3,149,446
|
|
CMO Series 2021-NMR1 Class M1
|
||||
|
11/25/2060
|
1.850%
|
|
7,225,000
|
6,434,607
|
|
New Residential Mortgage Loan Trust(a)
|
||||
|
CMO Series 2016-3A Class A1
|
||||
|
09/25/2056
|
3.750%
|
|
665,590
|
632,978
|
|
NRZ Excess Spread-Collateralized Notes(a)
|
||||
|
Series 2020-PLS1 Class A
|
||||
|
12/25/2025
|
3.844%
|
|
1,644,782
|
1,603,241
|
|
Oaktown Re VI Ltd.(a),(b)
|
||||
|
CMO Series 2021-1A Class M1B
|
||||
|
30-day Average SOFR +
2.050%
Floor 2.050%
10/25/2033
|
7.399%
|
|
683,349
|
683,853
|
|
OBX Trust(a),(f)
|
||||
|
CMO Series 2023-NQM8 Class A1
|
||||
|
09/25/2063
|
7.045%
|
|
9,017,574
|
9,205,561
|
|
CMO Series 2023-NQM8 Class A2
|
||||
|
09/25/2063
|
7.248%
|
|
7,370,142
|
7,507,633
|
|
Oceanview Mortgage Loan Trust(a)
|
||||
|
CMO Series 2020-1 Class A1A
|
||||
|
05/28/2050
|
1.733%
|
|
1,377,273
|
1,260,981
|
|
Preston Ridge Partners Mortgage(a),(f)
|
||||
|
CMO Series 2021-4 Class A1
|
||||
|
04/25/2026
|
1.867%
|
|
11,869,138
|
11,809,837
|
|
Preston Ridge Partners Mortgage Trust(a),(f)
|
||||
|
CMO Series 2020-6 Class A1
|
||||
|
11/25/2025
|
5.363%
|
|
2,747,592
|
2,789,894
|
|
Residential Mortgage-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
CMO Series 2021-10 Class A1
|
||||
|
10/25/2026
|
2.487%
|
|
6,491,173
|
6,404,678
|
|
CMO Series 2021-3 Class A1
|
||||
|
04/25/2026
|
4.867%
|
|
4,899,354
|
4,849,666
|
|
CMO Series 2021-9 Class A1
|
||||
|
10/25/2026
|
2.363%
|
|
10,204,349
|
10,162,610
|
|
PRET LLC(a),(f)
|
||||
|
CMO Series 2024-NPL2 Class A1
|
||||
|
02/25/2054
|
7.021%
|
|
28,442,022
|
28,813,708
|
|
CMO Series 2024-RN1 Class A1
|
||||
|
03/25/2054
|
7.143%
|
|
19,636,509
|
19,947,127
|
|
Pretium Mortgage Credit Partners LLC(a),(f)
|
||||
|
CMO Series 2021-NPL6 Class A1
|
||||
|
07/25/2051
|
2.487%
|
|
8,634,366
|
8,639,450
|
|
PRKCM Trust(a),(c)
|
||||
|
CMO Series 2021-AFC2 Class A3
|
||||
|
11/25/2056
|
2.893%
|
|
12,941,000
|
9,372,182
|
|
CMO Series 2021-AFC2 Class M1
|
||||
|
11/25/2056
|
3.443%
|
|
9,528,000
|
7,026,940
|
|
Subordinated CMO Series 2021-AFC2 Class B1
|
||||
|
11/25/2056
|
3.701%
|
|
8,383,000
|
5,985,582
|
|
PRPM LLC(a),(f)
|
||||
|
CMO Series 2021-RPL1 Class A1
|
||||
|
07/25/2051
|
1.319%
|
|
3,079,221
|
2,799,096
|
|
CMO Series 2024-RCF2 Class A1
|
||||
|
03/25/2054
|
3.750%
|
|
5,256,178
|
5,099,419
|
|
PRPM Trust(a),(f)
|
||||
|
CMO Series 2023-NQM3 Class A1
|
||||
|
11/25/2068
|
6.221%
|
|
1,712,817
|
1,724,298
|
|
CMO Series 2024-NQM1 Class A1
|
||||
|
12/25/2068
|
6.265%
|
|
3,801,546
|
3,843,679
|
|
Radnor Re Ltd.(a),(b)
|
||||
|
Subordinated CMO Series 2021-2 Class M1B
|
||||
|
30-day Average SOFR +
3.700%
Floor 3.700%
11/25/2031
|
8.976%
|
|
4,574,505
|
4,632,577
|
|
RCO Mortgage LLC(a),(f)
|
||||
|
CMO Series 2024-1 Class A1
|
||||
|
01/25/2029
|
7.021%
|
|
3,268,023
|
3,285,144
|
|
Residential Mortgage Loan Trust(a),(c)
|
||||
|
CMO Series 2020-1 Class A3
|
||||
|
01/26/2060
|
2.684%
|
|
395,674
|
383,472
|
|
Starwood Mortgage Residential Trust(a),(c)
|
||||
|
CMO Series 2019-INV1 Class A3
|
||||
|
09/27/2049
|
2.916%
|
|
2,378,405
|
2,296,002
|
|
CMO Series 2020-2 Class A3
|
||||
|
04/25/2060
|
3.000%
|
|
2,440,751
|
2,412,905
|
The accompanying Notes to Financial Statements are an integral part of this statement.
22
Columbia Balanced Fund | 2024
Portfolio of Investments (continued)
August 31, 2024
|
Residential Mortgage-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
CMO Series 2020-INV1 Class A3
|
||||
|
11/25/2055
|
1.593%
|
|
587,758
|
550,997
|
|
CMO Series 2021-4 Class M1
|
||||
|
08/25/2056
|
2.400%
|
|
3,475,000
|
2,599,282
|
|
Towd Point HE Trust(a),(c)
|
||||
|
CMO Series 2021-HE1 Class M2
|
||||
|
02/25/2063
|
2.500%
|
|
2,800,000
|
2,643,769
|
|
Towd Point Mortgage Trust(a),(c)
|
||||
|
CMO Series 2018-1 Class A1
|
||||
|
01/25/2058
|
3.000%
|
|
504,645
|
493,774
|
|
CMO Series 2018-6 Class A1A
|
||||
|
03/25/2058
|
3.750%
|
|
1,948,580
|
1,917,991
|
|
Towd Point Mortgage Trust(a),(b)
|
||||
|
CMO Series 2019-HY1 Class A1
|
||||
|
1-month Term SOFR + 1.114%
10/25/2048
|
6.392%
|
|
1,991,459
|
2,020,988
|
|
CMO Series 2019-HY2 Class A1
|
||||
|
1-month Term SOFR + 1.114%
05/25/2058
|
6.392%
|
|
2,295,773
|
2,356,889
|
|
VCAT Asset Securitization LLC(a),(f)
|
||||
|
CMO Series 2021-NPL6 Class A1
|
||||
|
09/25/2051
|
1.917%
|
|
19,225,996
|
19,246,460
|
|
VCAT LLC(a),(f)
|
||||
|
CMO Series 2021-NPL1 Class A1
|
||||
|
12/26/2050
|
2.289%
|
|
140,906
|
140,488
|
|
Vericrest Opportunity Loan Transferee(a),(f)
|
||||
|
CMO Series 2021-NP11 Class A1
|
||||
|
08/25/2051
|
4.868%
|
|
7,319,318
|
7,215,893
|
|
Vericrest Opportunity Loan Transferee XCII LLC(a),(f)
|
||||
|
CMO Series 2021-NPL1 Class A1
|
||||
|
02/27/2051
|
4.893%
|
|
2,994,063
|
2,969,716
|
|
Vericrest Opportunity Loan Transferee XCIII LLC(a),(f)
|
||||
|
CMO Series 2021-NPL2 Class A1
|
||||
|
02/27/2051
|
4.893%
|
|
3,279,367
|
3,243,631
|
|
Vericrest Opportunity Loan Transferee XCIV LLC(a),(f)
|
||||
|
CMO Series 2021-NPL3 Class A1
|
||||
|
02/27/2051
|
2.240%
|
|
4,170,921
|
4,143,292
|
|
Vericrest Opportunity Loan Transferee XCIX LLC(a),(f)
|
||||
|
CMO Series 2021-NPL8 Class A1
|
||||
|
04/25/2051
|
2.116%
|
|
2,861,702
|
2,827,467
|
|
Vericrest Opportunity Loan Transferee XCVI LLC(a),(f)
|
||||
|
CMO Series 2021-NPL5 Class A1
|
||||
|
03/27/2051
|
5.116%
|
|
2,338,368
|
2,341,521
|
|
Vericrest Opportunity Loan Transferee XCVII LLC(a),(f)
|
||||
|
CMO Series 2021-NPL6 Class A1
|
||||
|
04/25/2051
|
5.240%
|
|
11,411,578
|
11,546,622
|
|
Vericrest Opportunity Loan Trust CI LLC(a),(f)
|
||||
|
CMO Series 2021-NP10 Class A1
|
||||
|
05/25/2051
|
4.992%
|
|
9,169,034
|
9,059,064
|
|
Residential Mortgage-Backed Securities - Non-Agency (continued)
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Verus Securitization Trust(a),(f)
|
||||
|
CMO Series 2019-4 Class A3
|
||||
|
11/25/2059
|
3.000%
|
|
2,130,277
|
2,120,108
|
|
CMO Series 2022-1 Class A1
|
||||
|
01/25/2067
|
2.724%
|
|
20,065,338
|
18,577,050
|
|
CMO Series 2022-4 Class A1
|
||||
|
04/25/2067
|
4.474%
|
|
2,471,281
|
2,452,018
|
|
CMO Series 2023-6 Class A2
|
||||
|
09/25/2068
|
6.939%
|
|
3,637,430
|
3,688,711
|
|
CMO Series 2023-8 Class A1
|
||||
|
12/25/2068
|
6.259%
|
|
3,437,993
|
3,470,486
|
|
CMO Series 2023-INV1 Class A1
|
||||
|
02/25/2068
|
5.999%
|
|
16,340,105
|
16,370,919
|
|
CMO Series 2024-1 Class A1
|
||||
|
01/25/2069
|
5.712%
|
|
14,906,265
|
14,968,692
|
|
CMO Series 2024-2 Class A1
|
||||
|
02/25/2069
|
6.095%
|
|
4,522,871
|
4,562,493
|
|
CMO Series 2024-3 Class A1
|
||||
|
04/25/2069
|
6.338%
|
|
12,087,766
|
12,258,592
|
|
CMO Series 2024-INV1 Class A1
|
||||
|
03/25/2069
|
6.116%
|
|
7,988,177
|
8,087,482
|
|
Verus Securitization Trust(a),(c)
|
||||
|
CMO Series 2020-1 Class M1
|
||||
|
01/25/2060
|
3.021%
|
|
6,350,000
|
5,880,570
|
|
CMO Series 2020-2 Class A1
|
||||
|
05/25/2060
|
2.226%
|
|
67,064
|
66,613
|
|
CMO Series 2021-R1 Class A2
|
||||
|
10/25/2063
|
1.057%
|
|
718,440
|
677,879
|
|
CMO Series 2021-R1 Class A3
|
||||
|
10/25/2063
|
1.262%
|
|
915,431
|
864,793
|
|
Visio Trust(a),(c)
|
||||
|
CMO Series 2019-2 Class A3
|
||||
|
11/25/2054
|
3.076%
|
|
1,032,083
|
991,866
|
|
Visio Trust(a)
|
||||
|
CMO Series 2020-1R Class A2
|
||||
|
11/25/2055
|
1.567%
|
|
665,396
|
625,203
|
|
CMO Series 2020-1R Class A3
|
||||
|
11/25/2055
|
1.873%
|
|
757,151
|
713,584
|
|
Total Residential Mortgage-Backed Securities - Non-Agency
(Cost $810,858,244)
|
789,210,679
|
|||
|
|
||||
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
23
Portfolio of Investments (continued)
August 31, 2024
|
Senior Loans 0.0%
|
||||
|
Borrower
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
Chemicals 0.0%
|
||||
|
WR Grace Holdings LLC(b),(j)
|
||||
|
Term Loan
|
||||
|
1-month Term SOFR + 3.250%
Floor 0.500%
09/22/2028
|
8.497%
|
|
209,625
|
210,044
|
|
Property & Casualty 0.0%
|
||||
|
Truist Insurance Holdings LLC(b),(j)
|
||||
|
2nd Lien Term Loan
|
||||
|
3-month Term SOFR + 4.750%
05/06/2032
|
10.085%
|
|
148,607
|
150,809
|
|
Technology 0.0%
|
||||
|
Ascend Learning LLC(b),(j)
|
||||
|
1st Lien Term Loan
|
||||
|
1-month Term SOFR + 3.500%
Floor 0.500%
12/11/2028
|
8.847%
|
|
318,776
|
318,030
|
|
2nd Lien Term Loan
|
||||
|
1-month Term SOFR + 5.750%
Floor 0.500%
12/10/2029
|
11.097%
|
|
150,000
|
143,625
|
|
DCert Buyer, Inc.(b),(j)
|
||||
|
2nd Lien Term Loan
|
||||
|
1-month Term SOFR + 7.000%
02/19/2029
|
12.247%
|
|
77,667
|
66,381
|
|
UKG, Inc.(b),(j)
|
||||
|
1st Lien Term Loan
|
||||
|
3-month Term SOFR + 3.250%
02/10/2031
|
8.555%
|
|
114,185
|
114,429
|
|
Total
|
642,465
|
|||
|
Total Senior Loans
(Cost $1,010,818)
|
1,003,318
|
|||
|
|
||||
|
U.S. Treasury Obligations 0.4%
|
||||
|
Issuer
|
Coupon
Rate
|
|
Principal
Amount ($)
|
Value ($)
|
|
U.S. Treasury(h)
|
||||
|
05/15/2047
|
3.000%
|
|
42,800,000
|
34,420,562
|
|
Total U.S. Treasury Obligations
(Cost $33,730,933)
|
34,420,562
|
|||
|
Money Market Funds 12.5%
|
||
|
|
Shares
|
Value ($)
|
|
Columbia Short-Term Cash Fund, 5.521%(k),(l)
|
1,206,087,399
|
1,205,846,182
|
|
Total Money Market Funds
(Cost $1,205,634,840)
|
1,205,846,182
|
|
|
Total Investments in Securities
(Cost: $8,024,444,306)
|
10,778,121,360
|
|
|
Other Assets & Liabilities, Net
|
|
(1,116,162,798
)
|
|
Net Assets
|
9,661,958,562
|
|
At August 31, 2024, securities and/or cash totaling $21,549,047 were pledged as collateral.
Investments in derivatives
|
Long futures contracts
|
||||||
|
Description
|
Number of
contracts
|
Expiration
date
|
Trading
currency
|
Notional
amount
|
Value/Unrealized
appreciation ($)
|
Value/Unrealized
depreciation ($)
|
|
U.S. Treasury 10-Year Note
|
4,624
|
12/2024
|
USD
|
525,113,000
|
—
|
(3,318,866
)
|
|
U.S. Treasury 2-Year Note
|
3,075
|
12/2024
|
USD
|
638,206,644
|
—
|
(659,870
)
|
|
U.S. Treasury 5-Year Note
|
4,202
|
12/2024
|
USD
|
459,692,236
|
—
|
(1,103,770
)
|
|
U.S. Treasury Ultra Bond
|
77
|
12/2024
|
USD
|
10,159,188
|
—
|
(194,937
)
|
|
Total
|
|
|
|
|
—
|
(5,277,443
)
|
The accompanying Notes to Financial Statements are an integral part of this statement.
24
Columbia Balanced Fund | 2024
Portfolio of Investments (continued)
August 31, 2024
Notes to Portfolio of Investments
|
(a)
|
Represents privately placed and other securities and instruments exempt from Securities
and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified
institutional buyers. At August 31, 2024, the total value of these securities amounted
to $1,796,912,807, which represents 18.60% of total net assets.
|
|
(b)
|
Variable rate security. The interest rate shown was the current rate as of August
31, 2024.
|
|
(c)
|
Variable or floating rate security, the interest rate of which adjusts periodically
based on changes in current interest rates and prepayments on the underlying pool
of assets. The interest rate shown was the current rate as of August 31, 2024.
|
|
(d)
|
Non-income producing investment.
|
|
(e)
|
Payment-in-kind security. Interest can be paid by issuing additional par of the security
or in cash.
|
|
(f)
|
Represents a variable rate security with a step coupon where the rate adjusts according
to a schedule for a series of periods, typically lower for an initial period and then
increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as
of August 31, 2024.
|
|
(g)
|
Principal and interest may not be guaranteed by a governmental entity.
|
|
(h)
|
This security or a portion of this security has been pledged as collateral in connection
with derivative contracts.
|
|
(i)
|
Represents a security purchased on a when-issued basis.
|
|
(j)
|
The stated interest rate represents the weighted average interest rate at August 31,
2024 of contracts within the senior loan facility. Interest rates on contracts are
primarily determined either weekly, monthly or quarterly by reference to the indicated base
lending rate and spread and the reset period. Base lending rates may be subject to
a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed
delivery basis will be determined upon settlement, therefore no interest rate is disclosed.
Senior loans often require prepayments from excess cash flows or permit the borrowers
to repay at their election. The degree to which borrowers repay cannot be predicted
with accuracy. As a result, remaining maturities of senior loans may be less than the stated
maturities. Generally, the Fund is contractually obligated to receive approval from
the agent bank and/or borrower prior to the disposition of a senior loan.
|
|
(k)
|
The rate shown is the seven-day current annualized yield at August 31, 2024.
|
|
(l)
|
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 year ended
August 31, 2024 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, 5.521%
|
||||||||
|
|
833,279,115
|
2,785,037,603
|
(2,412,551,534
)
|
80,998
|
1,205,846,182
|
18,037
|
51,597,535
|
1,206,087,399
|
Abbreviation Legend
|
CMO
|
Collateralized Mortgage Obligation
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
TBA
|
To Be Announced
|
Currency Legend
|
USD
|
US Dollar
|
Fair value measurements
The Fund categorizes its fair value measurements according to a three-level hierarchy
that maximizes the use of observable inputs and minimizes the use of unobservable
inputs by prioritizing that the most observable input be used when available. Observable inputs
are those that market participants would use in pricing an investment based on market
data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund’s assumptions about the information market participants would use in pricing an investment. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset’s or liability’s fair value measurement. The input levels are not necessarily an indication of the risk or liquidity
associated with investments at that level. For example, certain U.S. government securities
are generally high quality and liquid, however, they are reflected as Level 2 because
the inputs used to determine fair value may not always be quoted prices in an active
market.
Fair value inputs are summarized in the three broad levels listed below:
■
Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.
■
Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).
■
Level 3 — Valuations based on significant unobservable inputs (including the Fund’s own assumptions and judgment in determining the fair value of investments).
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
25
Portfolio of Investments (continued)
August 31, 2024
Fair value measurements (continued)
Inputs that are used in determining fair value of an investment may include price
information, credit data, volatility statistics, and other factors. These inputs can
be either observable or unobservable. The availability of observable inputs can vary between investments,
and is affected by various factors such as the type of investment, and the volume
and level of activity for that investment or similar investments in the marketplace. The inputs will be
considered by the Investment Manager, along with any other relevant factors in the
calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition
could cause an investment to be reclassified between the various levels within the
hierarchy.
Investments falling into the Level 3 category are primarily supported by quoted prices
from brokers and dealers participating in the market for those investments. However,
these may be classified as Level 3 investments due to lack of market transparency and corroboration
to support these quoted prices. Additionally, valuation models may be used as the
pricing source for any remaining investments classified as Level 3. These models may rely
on one or more significant unobservable inputs and/or significant assumptions by the
Investment Manager. Inputs used in valuations may include, but are not limited to, financial
statement analysis, capital account balances, discount rates and estimated cash flows,
and comparable company data.
The Fund’s Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily
available using valuation procedures approved by the Board. The Committee consists
of voting and non-voting members from various groups within the Investment Manager’s organization, including operations and accounting, trading and investments, compliance, risk management and legal.
The Committee meets at least monthly to review and approve valuation matters, which
may include a description of specific valuation determinations, data regarding pricing
information received from approved pricing vendors and brokers and the results of Board-approved
valuation policies and procedures (the Policies). The Policies address, among other
things, instances when market quotations are or are not readily available, including recommendations
of third party pricing vendors and a determination of appropriate pricing methodologies;
events that require specific valuation determinations and assessment of fair value
techniques; securities with a potential for stale pricing, including those that are illiquid,
restricted, or in default; and the effectiveness of third party pricing vendors, including periodic
reviews of vendors. The Committee meets more frequently, as needed, to discuss additional
valuation matters, which may include the need to review back-testing results, review time-sensitive
information or approve related valuation actions. Representatives of Columbia Management
Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings
to discuss valuation matters and actions during the period, similar to those described
earlier.
The following table is a summary of the inputs used to value the Fund’s investments at August 31, 2024:
|
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Total ($)
|
|
Investments in Securities
|
|
|
|
|
|
Asset-Backed Securities - Non-Agency
|
—
|
695,154,140
|
—
|
695,154,140
|
|
Commercial Mortgage-Backed Securities - Non-Agency
|
—
|
253,579,386
|
—
|
253,579,386
|
|
Common Stocks
|
|
|
|
|
|
Communication Services
|
593,038,308
|
—
|
—
|
593,038,308
|
|
Consumer Discretionary
|
410,302,140
|
—
|
—
|
410,302,140
|
|
Consumer Staples
|
354,277,382
|
—
|
—
|
354,277,382
|
|
Energy
|
201,550,261
|
—
|
—
|
201,550,261
|
|
Financials
|
742,820,492
|
—
|
—
|
742,820,492
|
|
Health Care
|
813,132,512
|
—
|
—
|
813,132,512
|
|
Industrials
|
443,498,423
|
—
|
—
|
443,498,423
|
|
Information Technology
|
1,751,090,088
|
—
|
—
|
1,751,090,088
|
|
Materials
|
170,157,001
|
—
|
—
|
170,157,001
|
|
Real Estate
|
78,572,465
|
—
|
—
|
78,572,465
|
|
Utilities
|
105,548,816
|
—
|
—
|
105,548,816
|
|
Total Common Stocks
|
5,663,987,888
|
—
|
—
|
5,663,987,888
|
|
Corporate Bonds & Notes
|
—
|
787,590,945
|
—
|
787,590,945
|
|
Exchange-Traded Equity Funds
|
167,006,586
|
—
|
—
|
167,006,586
|
|
Foreign Government Obligations
|
—
|
806,649
|
—
|
806,649
|
|
Residential Mortgage-Backed Securities - Agency
|
—
|
1,179,515,025
|
—
|
1,179,515,025
|
|
Residential Mortgage-Backed Securities - Non-Agency
|
—
|
789,210,679
|
—
|
789,210,679
|
|
Senior Loans
|
—
|
1,003,318
|
—
|
1,003,318
|
|
U.S. Treasury Obligations
|
—
|
34,420,562
|
—
|
34,420,562
|
|
Money Market Funds
|
1,205,846,182
|
—
|
—
|
1,205,846,182
|
|
Total Investments in Securities
|
7,036,840,656
|
3,741,280,704
|
—
|
10,778,121,360
|
|
Investments in Derivatives
|
|
|
|
|
|
Liability
|
|
|
|
|
|
Futures Contracts
|
(5,277,443
)
|
—
|
—
|
(5,277,443
)
|
|
Total
|
7,031,563,213
|
3,741,280,704
|
—
|
10,772,843,917
|
See the Portfolio of Investments for all investment classifications not indicated
in the table.
The Fund’s assets assigned to the Level 2 input category are generally valued using the market approach, in which a security’s value is determined through reference to prices and information from market transactions for similar or identical assets.
Derivative instruments are valued at unrealized appreciation (depreciation).
The accompanying Notes to Financial Statements are an integral part of this statement.
26
Columbia Balanced Fund | 2024
Statement of Assets and Liabilities
August 31, 2024
|
Assets
|
|
|
Investments in securities, at value
|
|
|
Unaffiliated issuers (cost $6,818,809,466)
|
$9,572,275,178
|
|
Affiliated issuers (cost $1,205,634,840)
|
1,205,846,182
|
|
Receivable for:
|
|
|
Investments sold
|
4,078,194
|
|
Investments sold on a delayed delivery basis
|
69,567,540
|
|
Capital shares sold
|
3,631,666
|
|
Dividends
|
12,309,275
|
|
Interest
|
19,587,284
|
|
Foreign tax reclaims
|
2,130
|
|
Prepaid expenses
|
58,187
|
|
Deferred compensation of board members
|
491,229
|
|
Total assets
|
10,887,846,865
|
|
Liabilities
|
|
|
Due to custodian
|
23,286
|
|
Payable for:
|
|
|
Investments purchased on a delayed delivery basis
|
1,217,373,516
|
|
Capital shares redeemed
|
3,990,354
|
|
Variation margin for futures contracts
|
2,756,508
|
|
Management services fees
|
148,257
|
|
Distribution and/or service fees
|
57,468
|
|
Transfer agent fees
|
693,135
|
|
Compensation of board members
|
10,760
|
|
Other expenses
|
181,704
|
|
Deferred compensation of board members
|
653,315
|
|
Total liabilities
|
1,225,888,303
|
|
Net assets applicable to outstanding capital stock
|
$9,661,958,562
|
|
Represented by
|
|
|
Paid in capital
|
6,387,399,274
|
|
Total distributable earnings (loss)
|
3,274,559,288
|
|
Total - representing net assets applicable to outstanding capital stock
|
$9,661,958,562
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
27
Statement of Assets and Liabilities (continued)
August 31, 2024
|
Class A
|
|
|
Net assets
|
$3,963,580,207
|
|
Shares outstanding
|
73,262,424
|
|
Net asset value per share
|
$54.10
|
|
Maximum sales charge
|
5.75%
|
|
Maximum offering price per share (calculated by dividing the net asset value per share
by 1.0 minus the maximum sales charge for Class A shares)
|
$57.40
|
|
Advisor Class
|
|
|
Net assets
|
$439,981,010
|
|
Shares outstanding
|
8,049,168
|
|
Net asset value per share
|
$54.66
|
|
Class C
|
|
|
Net assets
|
$1,042,623,031
|
|
Shares outstanding
|
19,389,869
|
|
Net asset value per share
|
$53.77
|
|
Institutional Class
|
|
|
Net assets
|
$2,747,696,000
|
|
Shares outstanding
|
50,905,880
|
|
Net asset value per share
|
$53.98
|
|
Institutional 2 Class
|
|
|
Net assets
|
$486,988,680
|
|
Shares outstanding
|
9,014,668
|
|
Net asset value per share
|
$54.02
|
|
Institutional 3 Class
|
|
|
Net assets
|
$820,549,052
|
|
Shares outstanding
|
15,004,691
|
|
Net asset value per share
|
$54.69
|
|
Class R
|
|
|
Net assets
|
$160,540,582
|
|
Shares outstanding
|
2,967,735
|
|
Net asset value per share
|
$54.10
|
The accompanying Notes to Financial Statements are an integral part of this statement.
28
Columbia Balanced Fund | 2024
Statement of Operations
Year Ended August 31, 2024
|
Net investment income
|
|
|
Income:
|
|
|
Dividends — unaffiliated issuers
|
$70,725,751
|
|
Dividends — affiliated issuers
|
51,597,535
|
|
Interest
|
121,999,015
|
|
Interfund lending
|
26,420
|
|
Foreign taxes withheld
|
(336,801
)
|
|
Total income
|
244,011,920
|
|
Expenses:
|
|
|
Management services fees
|
49,197,184
|
|
Distribution and/or service fees
|
|
|
Class A
|
8,895,395
|
|
Class C
|
10,375,616
|
|
Class R
|
706,688
|
|
Transfer agent fees
|
|
|
Class A
|
3,221,585
|
|
Advisor Class
|
349,905
|
|
Class C
|
939,928
|
|
Institutional Class
|
2,159,224
|
|
Institutional 2 Class
|
229,768
|
|
Institutional 3 Class
|
48,242
|
|
Class R
|
127,962
|
|
Custodian fees
|
76,387
|
|
Printing and postage fees
|
347,687
|
|
Registration fees
|
247,432
|
|
Accounting services fees
|
43,999
|
|
Legal fees
|
103,364
|
|
Interest on collateral
|
12,336
|
|
Compensation of chief compliance officer
|
1,554
|
|
Compensation of board members
|
101,506
|
|
Deferred compensation of board members
|
44,572
|
|
Other
|
137,574
|
|
Total expenses
|
77,367,908
|
|
Expense reduction
|
(1,080
)
|
|
Total net expenses
|
77,366,828
|
|
Net investment income
|
166,645,092
|
|
Realized and unrealized gain (loss) — net
|
|
|
Net realized gain (loss) on:
|
|
|
Investments — unaffiliated issuers
|
543,803,707
|
|
Investments — affiliated issuers
|
18,037
|
|
Foreign currency translations
|
1,783
|
|
Futures contracts
|
18,188,064
|
|
Net realized gain
|
562,011,591
|
|
Net change in unrealized appreciation (depreciation) on:
|
|
|
Investments — unaffiliated issuers
|
880,101,379
|
|
Investments — affiliated issuers
|
80,998
|
|
Futures contracts
|
(9,175,932
)
|
|
Net change in unrealized appreciation (depreciation)
|
871,006,445
|
|
Net realized and unrealized gain
|
1,433,018,036
|
|
Net increase in net assets resulting from operations
|
$1,599,663,128
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
29
Statement of Changes in Net Assets
|
|
Year Ended
August 31, 2024
|
Year Ended
August 31, 2023
|
|
Operations
|
|
|
|
Net investment income
|
$166,645,092
|
$123,710,740
|
|
Net realized gain (loss)
|
562,011,591
|
(21,476,954
)
|
|
Net change in unrealized appreciation (depreciation)
|
871,006,445
|
611,830,871
|
|
Net increase in net assets resulting from operations
|
1,599,663,128
|
714,064,657
|
|
Distributions to shareholders
|
|
|
|
Net investment income and net realized gains
|
|
|
|
Class A
|
(63,890,210
)
|
(151,598,393
)
|
|
Advisor Class
|
(7,772,007
)
|
(16,366,002
)
|
|
Class C
|
(11,453,347
)
|
(49,203,951
)
|
|
Institutional Class
|
(48,432,083
)
|
(106,371,782
)
|
|
Institutional 2 Class
|
(8,579,191
)
|
(17,896,926
)
|
|
Institutional 3 Class
|
(15,463,234
)
|
(32,783,519
)
|
|
Class R
|
(2,195,845
)
|
(5,538,146
)
|
|
Total distributions to shareholders
|
(157,785,917
)
|
(379,758,719
)
|
|
Increase (decrease) in net assets from capital stock activity
|
250,004,706
|
(207,709,778
)
|
|
Total increase in net assets
|
1,691,881,917
|
126,596,160
|
|
Net assets at beginning of year
|
7,970,076,645
|
7,843,480,485
|
|
Net assets at end of year
|
$9,661,958,562
|
$7,970,076,645
|
The accompanying Notes to Financial Statements are an integral part of this statement.
30
Columbia Balanced Fund | 2024
Statement of Changes in Net Assets (continued)
|
|
Year Ended
|
Year Ended
|
||
|
|
August 31, 2024
|
August 31, 2023
|
||
|
|
Shares
|
Dollars ($)
|
Shares
|
Dollars ($)
|
|
Capital stock activity
|
||||
|
Class A
|
|
|
|
|
|
Shares sold
|
11,895,493
|
583,528,143
|
9,889,780
|
427,053,306
|
|
Distributions reinvested
|
1,257,867
|
61,115,591
|
3,433,923
|
144,182,959
|
|
Shares redeemed
|
(10,864,020
)
|
(533,856,758
)
|
(12,517,474
)
|
(536,105,993
)
|
|
Net increase
|
2,289,340
|
110,786,976
|
806,229
|
35,130,272
|
|
Advisor Class
|
|
|
|
|
|
Shares sold
|
1,747,432
|
86,631,508
|
1,380,704
|
60,447,868
|
|
Distributions reinvested
|
158,313
|
7,770,191
|
385,563
|
16,360,955
|
|
Shares redeemed
|
(1,362,287
)
|
(67,851,351
)
|
(1,814,698
)
|
(78,332,853
)
|
|
Net increase (decrease)
|
543,458
|
26,550,348
|
(48,431
)
|
(1,524,030
)
|
|
Class C
|
|
|
|
|
|
Shares sold
|
4,033,982
|
196,039,524
|
3,071,533
|
132,829,863
|
|
Distributions reinvested
|
231,821
|
11,143,123
|
1,145,341
|
47,683,439
|
|
Shares redeemed
|
(8,025,125
)
|
(391,561,391
)
|
(9,072,273
)
|
(388,335,030
)
|
|
Net decrease
|
(3,759,322
)
|
(184,378,744
)
|
(4,855,399
)
|
(207,821,728
)
|
|
Institutional Class
|
|
|
|
|
|
Shares sold
|
12,001,668
|
587,567,583
|
8,067,723
|
348,851,453
|
|
Distributions reinvested
|
846,607
|
41,061,796
|
2,182,350
|
91,453,065
|
|
Shares redeemed
|
(8,335,215
)
|
(406,655,217
)
|
(11,726,716
)
|
(501,126,432
)
|
|
Net increase (decrease)
|
4,513,060
|
221,974,162
|
(1,476,643
)
|
(60,821,914
)
|
|
Institutional 2 Class
|
|
|
|
|
|
Shares sold
|
2,673,155
|
132,001,477
|
2,657,821
|
114,514,298
|
|
Distributions reinvested
|
176,733
|
8,576,907
|
426,525
|
17,889,108
|
|
Shares redeemed
|
(2,034,198
)
|
(98,703,030
)
|
(2,472,914
)
|
(105,318,869
)
|
|
Net increase
|
815,690
|
41,875,354
|
611,432
|
27,084,537
|
|
Institutional 3 Class
|
|
|
|
|
|
Shares sold
|
2,865,734
|
142,852,545
|
3,019,530
|
132,328,830
|
|
Distributions reinvested
|
287,722
|
14,125,249
|
681,459
|
28,931,123
|
|
Shares redeemed
|
(2,644,451
)
|
(132,123,689
)
|
(3,862,364
)
|
(169,612,515
)
|
|
Net increase (decrease)
|
509,005
|
24,854,105
|
(161,375
)
|
(8,352,562
)
|
|
Class R
|
|
|
|
|
|
Shares sold
|
558,000
|
27,782,637
|
484,049
|
20,892,199
|
|
Distributions reinvested
|
44,380
|
2,156,426
|
129,339
|
5,427,366
|
|
Shares redeemed
|
(430,993
)
|
(21,596,558
)
|
(413,850
)
|
(17,723,918
)
|
|
Net increase
|
171,387
|
8,342,505
|
199,538
|
8,595,647
|
|
Total net increase (decrease)
|
5,082,618
|
250,004,706
|
(4,924,649
)
|
(207,709,778
)
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
31
Financial Highlights
The following table is intended to help you understand the Fund’s financial performance. Certain information reflects financial results for a single share of a class held for the periods shown. Per share net investment
income (loss) amounts are calculated based on average shares outstanding during the period. Total return assumes
reinvestment of all dividends and distributions, if any. Total return does not reflect payment of sales charges, if
any. Total return and portfolio turnover are not annualized for periods of less than one year. The ratios of expenses and net investment
income are annualized for periods of less than one year. The portfolio turnover rate is calculated without regard to purchase
and sales transactions of short-term instruments and certain derivatives, if any. If such transactions were included, the Fund’s portfolio turnover rate may be higher.
|
|
Net asset value,
beginning of
period
|
Net
investment
income
(loss)
|
Net
realized
and
unrealized
gain (loss)
|
Total from
investment
operations
|
Distributions
from net
investment
income
|
Distributions
from net
realized
gains
|
Total
distributions to
shareholders
|
|
Class A
|
|||||||
|
Year Ended 8/31/2024
|
$45.94
|
0.93
|
8.12
|
9.05
|
(0.89
)
|
—
|
(0.89
)
|
|
Year Ended 8/31/2023
|
$43.97
|
0.71
|
3.46
|
4.17
|
(0.64
)
|
(1.56
)
|
(2.20
)
|
|
Year Ended 8/31/2022
|
$54.93
|
0.40
|
(6.73
)
|
(6.33
)
|
(0.34
)
|
(4.29
)
|
(4.63
)
|
|
Year Ended 8/31/2021
|
$47.73
|
0.36
|
9.19
|
9.55
|
(0.37
)
|
(1.98
)
|
(2.35
)
|
|
Year Ended 8/31/2020
|
$42.24
|
0.53
|
6.67
|
7.20
|
(0.63
)
|
(1.08
)
|
(1.71
)
|
|
Advisor Class
|
|||||||
|
Year Ended 8/31/2024
|
$46.40
|
1.07
|
8.20
|
9.27
|
(1.01
)
|
—
|
(1.01
)
|
|
Year Ended 8/31/2023
|
$44.39
|
0.82
|
3.49
|
4.31
|
(0.74
)
|
(1.56
)
|
(2.30
)
|
|
Year Ended 8/31/2022
|
$55.42
|
0.52
|
(6.79
)
|
(6.27
)
|
(0.47
)
|
(4.29
)
|
(4.76
)
|
|
Year Ended 8/31/2021
|
$48.13
|
0.49
|
9.27
|
9.76
|
(0.49
)
|
(1.98
)
|
(2.47
)
|
|
Year Ended 8/31/2020
|
$42.58
|
0.64
|
6.72
|
7.36
|
(0.73
)
|
(1.08
)
|
(1.81
)
|
|
Class C
|
|||||||
|
Year Ended 8/31/2024
|
$45.67
|
0.56
|
8.07
|
8.63
|
(0.53
)
|
—
|
(0.53
)
|
|
Year Ended 8/31/2023
|
$43.72
|
0.38
|
3.44
|
3.82
|
(0.31
)
|
(1.56
)
|
(1.87
)
|
|
Year Ended 8/31/2022
|
$54.68
|
0.03
|
(6.69
)
|
(6.66
)
|
(0.01
)
|
(4.29
)
|
(4.30
)
|
|
Year Ended 8/31/2021
|
$47.56
|
(0.02
)
|
9.16
|
9.14
|
(0.04
)
|
(1.98
)
|
(2.02
)
|
|
Year Ended 8/31/2020
|
$42.08
|
0.21
|
6.65
|
6.86
|
(0.30
)
|
(1.08
)
|
(1.38
)
|
|
Institutional Class
|
|||||||
|
Year Ended 8/31/2024
|
$45.83
|
1.05
|
8.11
|
9.16
|
(1.01
)
|
—
|
(1.01
)
|
|
Year Ended 8/31/2023
|
$43.87
|
0.81
|
3.45
|
4.26
|
(0.74
)
|
(1.56
)
|
(2.30
)
|
|
Year Ended 8/31/2022
|
$54.83
|
0.52
|
(6.72
)
|
(6.20
)
|
(0.47
)
|
(4.29
)
|
(4.76
)
|
|
Year Ended 8/31/2021
|
$47.65
|
0.48
|
9.17
|
9.65
|
(0.49
)
|
(1.98
)
|
(2.47
)
|
|
Year Ended 8/31/2020
|
$42.17
|
0.64
|
6.65
|
7.29
|
(0.73
)
|
(1.08
)
|
(1.81
)
|
|
Institutional 2 Class
|
|||||||
|
Year Ended 8/31/2024
|
$45.87
|
1.07
|
8.10
|
9.17
|
(1.02
)
|
—
|
(1.02
)
|
|
Year Ended 8/31/2023
|
$43.91
|
0.83
|
3.45
|
4.28
|
(0.76
)
|
(1.56
)
|
(2.32
)
|
|
Year Ended 8/31/2022
|
$54.87
|
0.53
|
(6.71
)
|
(6.18
)
|
(0.49
)
|
(4.29
)
|
(4.78
)
|
|
Year Ended 8/31/2021
|
$47.68
|
0.50
|
9.18
|
9.68
|
(0.51
)
|
(1.98
)
|
(2.49
)
|
|
Year Ended 8/31/2020
|
$42.20
|
0.66
|
6.65
|
7.31
|
(0.75
)
|
(1.08
)
|
(1.83
)
|
The accompanying Notes to Financial Statements are an integral part of this statement.
32
Columbia Balanced Fund | 2024
Financial Highlights (continued)
|
|
Net
asset
value,
end of
period
|
Total
return
|
Total gross
expense
ratio to
average
net assets(a)
|
Total net
expense
ratio to
average
net assets(a),(b)
|
Net investment
income (loss)
ratio to
average
net assets
|
Portfolio
turnover
|
Net
assets,
end of
period
(000’s)
|
|
Class A
|
|||||||
|
Year Ended 8/31/2024
|
$54.10
|
19.93%
|
0.92%
(c)
|
0.92%
(c),(d)
|
1.90%
|
200%
|
$3,963,580
|
|
Year Ended 8/31/2023
|
$45.94
|
9.99%
|
0.93%
(c)
|
0.93%
(c),(d)
|
1.64%
|
171%
|
$3,260,575
|
|
Year Ended 8/31/2022
|
$43.97
|
(12.57%
)
|
0.92%
(c),(e)
|
0.92%
(c),(d),(e)
|
0.81%
|
121%
|
$3,085,213
|
|
Year Ended 8/31/2021
|
$54.93
|
20.72%
|
0.93%
(c)
|
0.93%
(c),(d)
|
0.71%
|
124%
|
$3,553,866
|
|
Year Ended 8/31/2020
|
$47.73
|
17.59%
|
0.95%
|
0.95%
(d)
|
1.23%
|
140%
|
$2,954,559
|
|
Advisor Class
|
|||||||
|
Year Ended 8/31/2024
|
$54.66
|
20.23%
|
0.67%
(c)
|
0.67%
(c),(d)
|
2.15%
|
200%
|
$439,981
|
|
Year Ended 8/31/2023
|
$46.40
|
10.26%
|
0.68%
(c)
|
0.68%
(c),(d)
|
1.89%
|
171%
|
$348,301
|
|
Year Ended 8/31/2022
|
$44.39
|
(12.36%
)
|
0.67%
(c),(e)
|
0.67%
(c),(d),(e)
|
1.06%
|
121%
|
$335,333
|
|
Year Ended 8/31/2021
|
$55.42
|
21.03%
|
0.68%
(c)
|
0.68%
(c),(d)
|
0.95%
|
124%
|
$382,964
|
|
Year Ended 8/31/2020
|
$48.13
|
17.89%
|
0.70%
|
0.70%
(d)
|
1.48%
|
140%
|
$253,954
|
|
Class C
|
|||||||
|
Year Ended 8/31/2024
|
$53.77
|
19.03%
|
1.67%
(c)
|
1.67%
(c),(d)
|
1.14%
|
200%
|
$1,042,623
|
|
Year Ended 8/31/2023
|
$45.67
|
9.18%
|
1.68%
(c)
|
1.68%
(c),(d)
|
0.88%
|
171%
|
$1,057,268
|
|
Year Ended 8/31/2022
|
$43.72
|
(13.23%
)
|
1.67%
(c),(e)
|
1.67%
(c),(d),(e)
|
0.05%
|
121%
|
$1,224,470
|
|
Year Ended 8/31/2021
|
$54.68
|
19.82%
|
1.68%
(c)
|
1.68%
(c),(d)
|
(0.04%
)
|
124%
|
$1,616,952
|
|
Year Ended 8/31/2020
|
$47.56
|
16.73%
|
1.70%
|
1.70%
(d)
|
0.48%
|
140%
|
$1,512,696
|
|
Institutional Class
|
|||||||
|
Year Ended 8/31/2024
|
$53.98
|
20.25%
|
0.67%
(c)
|
0.67%
(c),(d)
|
2.15%
|
200%
|
$2,747,696
|
|
Year Ended 8/31/2023
|
$45.83
|
10.27%
|
0.68%
(c)
|
0.68%
(c),(d)
|
1.89%
|
171%
|
$2,126,401
|
|
Year Ended 8/31/2022
|
$43.87
|
(12.36%
)
|
0.67%
(c),(e)
|
0.67%
(c),(d),(e)
|
1.06%
|
121%
|
$2,100,254
|
|
Year Ended 8/31/2021
|
$54.83
|
21.01%
|
0.68%
(c)
|
0.68%
(c),(d)
|
0.96%
|
124%
|
$2,458,182
|
|
Year Ended 8/31/2020
|
$47.65
|
17.90%
|
0.70%
|
0.70%
(d)
|
1.48%
|
140%
|
$1,876,178
|
|
Institutional 2 Class
|
|||||||
|
Year Ended 8/31/2024
|
$54.02
|
20.27%
|
0.64%
(c)
|
0.64%
(c)
|
2.18%
|
200%
|
$486,989
|
|
Year Ended 8/31/2023
|
$45.87
|
10.30%
|
0.64%
(c)
|
0.64%
(c)
|
1.93%
|
171%
|
$376,116
|
|
Year Ended 8/31/2022
|
$43.91
|
(12.32%
)
|
0.64%
(c),(e)
|
0.64%
(c),(e)
|
1.09%
|
121%
|
$333,148
|
|
Year Ended 8/31/2021
|
$54.87
|
21.07%
|
0.64%
(c)
|
0.64%
(c)
|
1.00%
|
124%
|
$447,431
|
|
Year Ended 8/31/2020
|
$47.68
|
17.95%
|
0.65%
|
0.65%
|
1.52%
|
140%
|
$286,454
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
33
Financial Highlights (continued)
|
|
Net asset value,
beginning of
period
|
Net
investment
income
(loss)
|
Net
realized
and
unrealized
gain (loss)
|
Total from
investment
operations
|
Distributions
from net
investment
income
|
Distributions
from net
realized
gains
|
Total
distributions to
shareholders
|
|
Institutional 3 Class
|
|||||||
|
Year Ended 8/31/2024
|
$46.42
|
1.11
|
8.21
|
9.32
|
(1.05
)
|
—
|
(1.05
)
|
|
Year Ended 8/31/2023
|
$44.41
|
0.86
|
3.49
|
4.35
|
(0.78
)
|
(1.56
)
|
(2.34
)
|
|
Year Ended 8/31/2022
|
$55.44
|
0.57
|
(6.79
)
|
(6.22
)
|
(0.52
)
|
(4.29
)
|
(4.81
)
|
|
Year Ended 8/31/2021
|
$48.15
|
0.53
|
9.27
|
9.80
|
(0.53
)
|
(1.98
)
|
(2.51
)
|
|
Year Ended 8/31/2020
|
$42.60
|
0.68
|
6.72
|
7.40
|
(0.77
)
|
(1.08
)
|
(1.85
)
|
|
Class R
|
|||||||
|
Year Ended 8/31/2024
|
$45.94
|
0.81
|
8.12
|
8.93
|
(0.77
)
|
—
|
(0.77
)
|
|
Year Ended 8/31/2023
|
$43.97
|
0.60
|
3.46
|
4.06
|
(0.53
)
|
(1.56
)
|
(2.09
)
|
|
Year Ended 8/31/2022
|
$54.92
|
0.27
|
(6.71
)
|
(6.44
)
|
(0.22
)
|
(4.29
)
|
(4.51
)
|
|
Year Ended 8/31/2021
|
$47.73
|
0.23
|
9.18
|
9.41
|
(0.24
)
|
(1.98
)
|
(2.22
)
|
|
Year Ended 8/31/2020
|
$42.23
|
0.42
|
6.68
|
7.10
|
(0.52
)
|
(1.08
)
|
(1.60
)
|
|
Notes to Financial Highlights
|
|
|
(a)
|
In addition to the fees and expenses that the Fund bears directly, the Fund indirectly
bears a pro rata share of the fees and expenses of any other funds in which it invests.
Such indirect expenses are not included in the Fund’s reported expense ratios.
|
|
(b)
|
Total net expenses include the impact of certain fee waivers/expense reimbursements
made by the Investment Manager and certain of its affiliates, if applicable.
|
|
(c)
|
Ratios include interest on collateral expense which is less than 0.01%.
|
|
(d)
|
The benefits derived from expense reductions had an impact of less than 0.01%.
|
|
(e)
|
Ratios include interfund lending expense which is less than 0.01%.
|
The accompanying Notes to Financial Statements are an integral part of this statement.
34
Columbia Balanced Fund | 2024
Financial Highlights (continued)
|
|
Net
asset
value,
end of
period
|
Total
return
|
Total gross
expense
ratio to
average
net assets(a)
|
Total net
expense
ratio to
average
net assets(a),(b)
|
Net investment
income (loss)
ratio to
average
net assets
|
Portfolio
turnover
|
Net
assets,
end of
period
(000’s)
|
|
Institutional 3 Class
|
|||||||
|
Year Ended 8/31/2024
|
$54.69
|
20.35%
|
0.59%
(c)
|
0.59%
(c)
|
2.23%
|
200%
|
$820,549
|
|
Year Ended 8/31/2023
|
$46.42
|
10.35%
|
0.60%
(c)
|
0.60%
(c)
|
1.98%
|
171%
|
$672,955
|
|
Year Ended 8/31/2022
|
$44.41
|
(12.27%
)
|
0.59%
(c),(e)
|
0.59%
(c),(e)
|
1.15%
|
121%
|
$650,889
|
|
Year Ended 8/31/2021
|
$55.44
|
21.13%
|
0.59%
(c)
|
0.59%
(c)
|
1.05%
|
124%
|
$723,074
|
|
Year Ended 8/31/2020
|
$48.15
|
18.00%
|
0.61%
|
0.61%
|
1.56%
|
140%
|
$573,567
|
|
Class R
|
|||||||
|
Year Ended 8/31/2024
|
$54.10
|
19.63%
|
1.17%
(c)
|
1.17%
(c),(d)
|
1.65%
|
200%
|
$160,541
|
|
Year Ended 8/31/2023
|
$45.94
|
9.72%
|
1.18%
(c)
|
1.18%
(c),(d)
|
1.39%
|
171%
|
$128,460
|
|
Year Ended 8/31/2022
|
$43.97
|
(12.78%
)
|
1.17%
(c),(e)
|
1.17%
(c),(d),(e)
|
0.56%
|
121%
|
$114,174
|
|
Year Ended 8/31/2021
|
$54.92
|
20.40%
|
1.18%
(c)
|
1.18%
(c),(d)
|
0.47%
|
124%
|
$143,562
|
|
Year Ended 8/31/2020
|
$47.73
|
17.32%
|
1.20%
|
1.20%
(d)
|
0.98%
|
140%
|
$134,948
|
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia Balanced Fund | 2024
35
Notes to Financial Statements
August 31, 2024
Note 1. Organization
Columbia Balanced Fund (the Fund), a series of Columbia Funds Series Trust I (the
Trust), is a diversified fund. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as
an open-end management investment company organized as a Massachusetts business trust.
Fund shares
The Trust may issue an unlimited number of shares (without par value). The Fund offers
each of the share classes listed in the Statement of Assets and Liabilities. Although all share classes generally have
identical voting, dividend and liquidation rights, each share class votes separately when required by the Trust’s organizational documents or by law. Each share class has its own expense and sales charge structure. Different share classes may have different
minimum initial investment amounts and pay different net investment income distribution amounts to the extent
the expenses of distributing such share classes vary. Distributions to shareholders in a liquidation will be proportional
to the net asset value of each share class.
As described in the Fund’s prospectus, Class A and Class C shares are offered to the general public for investment. Class C shares automatically convert to Class A shares after 8 years. Advisor Class, Institutional
Class, Institutional 2 Class, Institutional 3 Class and Class R shares are available for purchase through authorized
investment professionals to omnibus retirement plans or to institutional investors and to certain other investors as also described in the Fund’s prospectus.
The Board of Trustees of the Fund approved a proposal to permit the exchange of Institutional
Class shares held by certain financial intermediaries and omnibus group retirement plans, with specific permission
from Columbia Management Investment Distributors, Inc., for newly created Class S shares, which commenced operations
on October 2, 2024. Effective on October 4, 2024, shares held by those certain Institutional Class shareholders
of the Fund were exchanged for Class S shares of the Fund. This was a tax-free transaction for existing Institutional Class
shareholders.
In addition, the Board of Trustees of the Fund approved the conversion of all Advisor
Class shares of the Fund to Institutional Class shares of the Fund and the subsequent elimination of Advisor Class shares. Effective
on November 22, 2024, Advisor Class shares of the Fund will be converted to Institutional Class shares of the Fund.
This will be a tax-free transaction for existing Advisor Class shareholders.
Note 2. Summary of significant accounting policies
Basis of preparation
The Fund is an investment company that applies the accounting and reporting guidance
in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946, Financial Services - Investment Companies (ASC 946). The financial statements are prepared in accordance with U.S. generally accepted accounting
principles (GAAP), which requires management to make certain estimates and assumptions that affect the reported
amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements
and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.
The following is a summary of significant accounting policies followed by the Fund
in the preparation of its financial statements.
Security valuation
Equity securities listed on an exchange are valued at the closing price or last trade
price on their primary exchange at the close of business of the New York Stock Exchange. Securities with a closing price
not readily available or not listed on any exchange are valued at the mean between the closing bid and ask prices. Listed preferred
stocks convertible into common stocks are valued using an evaluated price from a pricing service.
Debt securities generally are valued based on prices obtained from pricing services,
which are intended to reflect market transactions for normal, institutional-size trading units of similar securities. The
services may use various pricing techniques that take into account, as applicable, factors such as yield, quality, coupon rate,
maturity, type of issue, trading characteristics and other data, as well as approved independent broker-dealer quotes. Debt securities
for which quotations are not
36
Columbia Balanced Fund | 2024
Notes to Financial Statements (continued)
August 31, 2024
readily available or not believed to be reflective of market value may also be valued
based upon a bid quote from an approved independent broker-dealer. Debt securities maturing in 60 days or less are valued
primarily at amortized market value, unless this method results in a valuation that management believes does not approximate fair
value.
Asset- and mortgage-backed securities are generally valued by pricing services, which
utilize pricing models that incorporate the securities’ cash flow and loan performance data. These models also take into account available market data, including trades, market quotations, and benchmark yield curves for identical or similar securities.
Factors used to identify similar securities may include, but are not limited to, issuer, collateral type, vintage,
prepayment speeds, collateral performance, credit ratings, credit enhancement and expected life. Asset-backed securities for
which quotations are readily available may also be valued based upon an over-the-counter or exchange bid quote from an approved
independent broker-dealer. Debt securities maturing in 60 days or less are valued primarily at amortized market value,
unless this method results in a valuation that management believes does not approximate fair value.
Senior loan securities for which reliable market quotations are readily available
are generally valued by pricing services at the average of the bids received.
Foreign equity securities are valued based on the closing price or last trade price on
their primary exchange at the close of business of the New York Stock Exchange. If any foreign equity security closing prices
are not readily available, the securities are valued at the mean of the latest quoted bid and ask prices on such exchanges or
markets. Foreign currency exchange rates are determined at the scheduled closing time of the New York Stock Exchange.
Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange;
therefore, the closing prices for securities in such markets or on such exchanges may not fully reflect events that
occur after such close but before the close of the New York Stock Exchange. In those situations, foreign securities will be fair
valued pursuant to a policy approved by the Board of Trustees. Under the policy, the Fund may utilize a third-party pricing
service to determine these fair values. The third-party pricing service takes into account multiple factors, including, but not
limited to, movements in the U.S. securities markets, certain depositary receipts, futures contracts and foreign exchange rates
that have occurred subsequent to the close of the foreign exchange or market, to determine a good faith estimate that reasonably
reflects the current market conditions as of the close of the New York Stock Exchange. The fair value of a security
is likely to be different from the quoted or published price, if available.
Investments in open-end investment companies (other than exchange-traded funds (ETFs)),
are valued at the latest net asset value reported by those companies as of the valuation time.
Futures and options on futures contracts are valued based upon the settlement price
at the close of regular trading on their principal exchanges or, in the absence of a settlement price, at the mean of the latest
quoted bid and ask prices.
Investments for which market quotations are not readily available, or that have quotations
which management believes are not reflective of market value or reliable, are valued at fair value as determined
in good faith under procedures approved by the Board of Trustees. If a security or class of securities (such as foreign securities)
is valued at fair value, such value is likely to be different from the quoted or published price for the security, if available.
The determination of fair value often requires significant judgment. To determine
fair value, management may use assumptions including but not limited to future cash flows and estimated risk premiums.
Multiple inputs from various sources may be used to determine fair value.
GAAP requires disclosure regarding the inputs and valuation techniques used to measure
fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major
category. This information is disclosed following the Fund’s Portfolio of Investments.
Foreign currency transactions and translations
The values of all assets and liabilities denominated in foreign currencies are generally
translated into U.S. dollars at exchange rates determined at the close of regular trading on the New York Stock Exchange.
Net realized and unrealized gains (losses) on foreign currency transactions and translations include gains (losses)
arising from the fluctuation in exchange
Columbia Balanced Fund | 2024
37
Notes to Financial Statements (continued)
August 31, 2024
rates between trade and settlement dates on securities transactions, gains (losses)
arising from the disposition of foreign currency and currency gains (losses) between the accrual and payment dates on dividends,
interest income and foreign withholding taxes.
For financial statement purposes, the Fund does not distinguish that portion of gains
(losses) on investments which is due to changes in foreign exchange rates from that which is due to changes in market prices
of the investments. Such fluctuations are included with the net realized and unrealized gains (losses) on investments in
the Statement of Operations.
Derivative instruments
The Fund invests in certain derivative instruments, as detailed below, in seeking
to meet its investment objectives. Derivatives are instruments whose values depend on, or are derived from, in whole
or in part, the value of one or more securities, currencies, commodities, indices, or other assets or instruments. Derivatives
may be used to increase investment flexibility (including to maintain cash reserves while maintaining desired exposure
to certain assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue
higher investment returns. The Fund may also use derivative instruments to mitigate certain investment risks, such as foreign
currency exchange rate risk, interest rate risk and credit risk. Derivatives may involve various risks, including the potential
inability of the counterparty to fulfill its obligations under the terms of the contract, the potential for an illiquid secondary
market (making it difficult for the Fund to sell or terminate, including at favorable prices) and the potential for market movements
which may expose the Fund to gains or losses in excess of the amount shown in the Statement of Assets and Liabilities.
The notional exposure of a financial instrument is the nominal or face amount that is used to calculate payments made on
that instrument and/or changes in value for the instrument. The notional exposure is a hypothetical underlying quantity
upon which payment obligations are computed. Notional exposures provide a gauge for how the Fund may behave given changes
in individual markets. The notional amounts of derivative instruments, if applicable, are not recorded in the
financial statements.
A derivative instrument may suffer a marked-to-market loss if the value of the contract
decreases due to an unfavorable change in the market rates or values of the underlying instrument. Losses can also
occur if the counterparty does not perform its obligations under the contract. The Fund’s risk of loss from counterparty credit risk on over-the-counter derivatives is generally limited to the aggregate unrealized gain netted against any collateral
held by the Fund and the amount of any variation margin held by the counterparty, plus any replacement costs or related amounts.
With exchange-traded or centrally cleared derivatives, there is reduced counterparty credit risk to the Fund since the
clearinghouse or central counterparty provides some protection in the case of clearing member default. The clearinghouse
or central counterparty stands between the buyer and the seller of the contract; therefore, failure of the clearinghouse
or central counterparty may pose additional counterparty credit risk. However, credit risk still exists in exchange-traded or
centrally cleared derivatives with respect to initial and variation margin that is held in a broker’s customer account. While clearing brokers are required to segregate customer margin from their own assets, in the event that a clearing broker becomes
insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the clearing
broker for all its clients and such shortfall is remedied by the central counterparty or otherwise, U.S. bankruptcy laws will typically
allocate that shortfall on a pro-rata basis across all the clearing broker’s customers (including the Fund), potentially resulting in losses to the Fund.
In order to better define its contractual rights and to secure rights that will help
the Fund mitigate its counterparty risk, the Fund may enter into an International Swaps and Derivatives Association, Inc. Master
Agreement (ISDA Master Agreement) or similar agreement with its derivatives counterparties. An ISDA Master Agreement is
an agreement between the Fund and a counterparty that governs over-the-counter derivatives and foreign exchange forward
contracts and contains, among other things, collateral posting terms and netting provisions in the event of a default
and/or termination event. Under an ISDA Master Agreement, the Fund may, under certain circumstances, offset with the counterparty certain derivative instruments’ payables and/or receivables with collateral held and/or posted and create one single
net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of default
(close-out netting), including the bankruptcy or insolvency of the counterparty. Note, however, that bankruptcy or insolvency
laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset or netting
in bankruptcy, insolvency or other events.
Collateral (margin) requirements differ by type of derivative. Margin requirements
are established by the clearinghouse or central counterparty for exchange-traded and centrally cleared derivatives. Brokers
can ask for margin in excess of the minimum in certain circumstances. Collateral terms for most over-the-counter derivatives
are subject to regulatory requirements to exchange variation margin with trading counterparties and may have
contract specific margin terms as well.
38
Columbia Balanced Fund | 2024
Notes to Financial Statements (continued)
August 31, 2024
For over-the-counter derivatives traded under an ISDA Master Agreement, the collateral
requirements are typically calculated by netting the marked-to-market amount for each transaction under such agreement and
comparing that amount to the value of any variation margin currently pledged by the Fund and/or the counterparty. Generally,
the amount of collateral due from or to a party has to exceed a minimum transfer amount threshold (e.g., $250,000) before
a transfer has to be made. To the extent amounts due to the Fund from its counterparties are not fully collateralized,
contractually or otherwise, the Fund bears the risk of loss from counterparty nonperformance. The Fund may also pay interest
expense on cash collateral received from the broker or receive interest income on cash collateral pledged to the broker. The
Fund attempts to mitigate counterparty risk by only entering into agreements with counterparties that it believes have the
financial resources to honor their obligations and by monitoring the financial stability of those counterparties.
Certain ISDA Master Agreements allow counterparties of over-the-counter derivatives
transactions to terminate derivatives contracts prior to maturity in the event the Fund’s net asset value declines by a stated percentage over a specified time period or if the Fund fails to meet certain terms of the ISDA Master Agreement, which
would cause the Fund to accelerate payment of any net liability owed to the counterparty. The Fund also has termination
rights if the counterparty fails to meet certain terms of the ISDA Master Agreement. In determining whether to exercise such
termination rights, the Fund would consider, in addition to counterparty credit risk, whether termination would result
in a net liability owed from the counterparty.
For financial reporting purposes, the Fund does not offset derivative assets and derivative
liabilities that are subject to netting arrangements in the Statement of Assets and Liabilities.
Futures contracts
Futures contracts are exchange-traded and represent commitments for the future purchase
or sale of an asset at a specified price on a specified date. The Fund bought and sold futures contracts to manage the
duration and yield curve exposure of the Fund versus the benchmark and to manage exposure to movements in interest rates .
These instruments may be used for other purposes in future periods. Upon entering into futures contracts, the Fund bears
risks that it may not achieve the anticipated benefits of the futures contracts and may realize a loss. Additional risks
include counterparty credit risk, the possibility of an illiquid market, and that a change in the value of the contract
or option may not correlate with changes in the value of the underlying asset.
Upon entering into a futures contract, the Fund deposits cash or securities with the
broker, known as a futures commission merchant (FCM), in an amount sufficient to meet the initial margin requirement. The
initial margin deposit must be maintained at an established level over the life of the contract. Cash deposited as initial margin
is recorded in the Statement of Assets and Liabilities as margin deposits. Securities deposited as initial margin are designated
in the Portfolio of Investments. Subsequent payments (variation margin) are made or received by the Fund each day.
The variation margin payments are equal to the daily change in the contract value and are recorded as variation margin
receivable or payable and are offset in unrealized gains or losses. The Fund generally expects to earn interest income on
its margin deposits. The Fund recognizes a realized gain or loss when the contract is closed or expires. Futures contracts involve,
to varying degrees, risk of loss in excess of the variation margin disclosed in the Statement of Assets and Liabilities.
Effects of derivative transactions in the financial statements
The following tables are intended to provide additional information about the effect
of derivatives on the financial statements of the Fund, including: the fair value of derivatives by risk category and the location
of those fair values in the Statement of Assets and Liabilities; and the impact of derivative transactions over the period
in the Statement of Operations, including realized and unrealized gains (losses). The derivative instrument schedules following
the Portfolio of Investments present additional information regarding derivative instruments outstanding at the end of
the period, if any.
The following table is a summary of the fair value of derivative instruments (not
considered to be hedging instruments for accounting disclosure purposes) at August 31, 2024:
|
|
Liability derivatives
|
|
|
Risk exposure
category
|
Statement
of assets and liabilities
location
|
Fair value ($)
|
|
Interest rate risk
|
Component of total distributable earnings (loss) — unrealized depreciation on futures contracts
|
5,277,443
*
|
Columbia Balanced Fund | 2024
39
Notes to Financial Statements (continued)
August 31, 2024
|
*
|
Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day’s variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of
Assets and Liabilities.
|
The following table indicates the effect of derivative instruments (not considered
to be hedging instruments for accounting disclosure purposes) in the Statement of Operations for the year ended August 31,
2024:
|
Amount of realized gain (loss) on derivatives recognized in income
|
|
|
Risk exposure category
|
Futures
contracts
($)
|
|
Interest rate risk
|
18,188,064
|
|
|
|
|
Change in unrealized appreciation (depreciation) on derivatives recognized in income
|
|
|
Risk exposure category
|
Futures
contracts
($)
|
|
Interest rate risk
|
(9,175,932
)
|
The following table is a summary of the average daily outstanding volume by derivative
instrument for the year ended August 31, 2024:
|
Derivative instrument
|
Average notional
amounts ($)
|
|
Futures contracts — long
|
1,117,050,344
|
|
Futures contracts — short
|
24,139,205
|
Investments in senior loans
The Fund may invest in senior loan assignments. When the Fund purchases an assignment
of a senior loan, the Fund typically has direct rights against the borrower; provided, however, that the Fund’s rights may be more limited than the lender from which it acquired the assignment and the Fund may be able to enforce its rights
only through an administrative agent. Although certain senior loan assignments are secured by collateral, the Fund could
experience delays or limitations in realizing such collateral or have its interest subordinated to other indebtedness
of the obligor. In the event that the administrator or collateral agent of a loan becomes insolvent or enters into receivership
or bankruptcy, the Fund may incur costs and delays in realizing payment or may suffer a loss of principal and/or interest.
The risk of loss is greater for unsecured or subordinated loans. In addition, senior loan assignments are vulnerable
to market, economic or other conditions or events that may reduce the demand for senior loan assignments and certain
senior loan assignments which were liquid when purchased, may become illiquid.
The Fund may enter into senior loan assignments where all or a portion of the loan
may be unfunded. The Fund is obligated to fund these commitments at the borrower’s discretion. These commitments, if any, are generally traded and priced in the same manner as other senior loan securities and are disclosed as unfunded senior loan commitments in the Fund’s Portfolio of Investments with a corresponding payable for investments purchased. The Fund designates
cash or liquid securities to cover these commitments.
Asset- and mortgage-backed securities
The Fund may invest in asset-backed and mortgage-backed securities. The maturity dates
shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment
activity on these obligations. All, or a portion, of the obligation may be prepaid at any time because the underlying asset
may be prepaid. As a result, decreasing market interest rates could result in an increased level of prepayment. An increased
prepayment rate will have the effect of shortening the maturity of the security. Unless otherwise noted, the coupon rates
presented are fixed rates.
40
Columbia Balanced Fund | 2024
Notes to Financial Statements (continued)
August 31, 2024
Delayed delivery securities
The Fund may trade securities on other than normal settlement terms, including securities
purchased or sold on a “when-issued” or "forward commitment" basis. This may increase risk to the Fund since the other party to the transaction may fail to deliver, which could cause the Fund to subsequently invest at less advantageous
prices. The Fund designates cash or liquid securities in an amount equal to the delayed delivery commitment.
To be announced securities
The Fund may trade securities on a To Be Announced (TBA) basis. As with other delayed-delivery
transactions, a seller agrees to issue a TBA security at a future date. However, the seller does not specify the
particular securities to be delivered. Instead, the Fund agrees to accept any security that meets specified terms.
In some cases, Master Securities Forward Transaction Agreements (MSFTAs) may be used
to govern transactions of certain forward-settling agency mortgage-backed securities, such as delayed-delivery and TBAs,
between the Fund and counterparty. The MSFTA maintains provisions for, among other things, initiation and confirmation,
payment and transfer, events of default, termination, and maintenance of collateral relating to such transactions.
Mortgage dollar roll transactions
The Fund may enter into mortgage “dollar rolls” in which the Fund sells securities for delivery in the current month and simultaneously contracts with the same counterparty to repurchase similar but not
identical securities (same type, coupon and maturity) on a specified future date. These transactions may increase the Fund’s portfolio turnover rate. During the roll period, the Fund loses the right to receive principal and interest paid on the securities
sold. However, the Fund may benefit because it receives negotiated amounts in the form of reductions of the purchase price
for the future purchase plus the interest earned on the cash proceeds of the securities sold until the settlement date
of the forward purchase. The Fund records the incremental difference between the forward purchase and sale of each forward
roll as a realized gain or loss. Unless any realized gains exceed the income, capital appreciation, and gain or loss
due to mortgage prepayments that would have been realized on the securities sold as part of the mortgage dollar roll, the
use of this technique may diminish the investment performance of the Fund compared to what the performance would have been
without the use of mortgage dollar rolls. Mortgage dollar rolls involve the risk that the market value of the securities
the Fund is obligated to repurchase may decline below the repurchase price, or that the counterparty may default on its obligations.
All cash proceeds will be invested in instruments that are permissible investments for the Fund. The Fund identifies
cash or liquid securities in an amount equal to the forward purchase price. The Fund does not currently enter into mortgage dollar
rolls that are accounted for as financing transactions.
Security transactions
Security transactions are accounted for on the trade date. Cost is determined and
gains (losses) are based upon the specific identification method for both financial statement and federal income tax purposes.
The trade date for senior loans purchased in the primary market is the date on which
the loan is allocated. The trade date for senior loans purchased in the secondary market is the date on which the transaction
is entered into.
Income recognition
Interest income is recorded on an accrual basis. Market premiums and discounts, including
original issue discounts, are amortized and accreted, respectively, over the expected life of the security on all
debt securities, unless otherwise noted. The Fund classifies gains and losses realized on prepayments received on mortgage-backed
securities as adjustments to interest income.
The Fund may place a debt security on non-accrual status and reduce related interest
income when it becomes probable that the interest will not be collected and the amount of uncollectible interest can be
reasonably estimated. The Fund may also adjust accrual rates when it becomes probable the full interest will not be collected
and a partial payment will be received. A defaulted debt security is removed from non-accrual status when the issuer resumes
interest payments or when collectability of interest is reasonably assured.
Columbia Balanced Fund | 2024
41
Notes to Financial Statements (continued)
August 31, 2024
Corporate actions and dividend income are generally recorded net of any non-reclaimable
tax withholdings, on the ex-dividend date or upon receipt of an ex-dividend notification in the case of certain foreign
securities.
The Fund may receive distributions from holdings in equity securities, business development
companies (BDCs), exchange-traded funds (ETFs), limited partnerships (LPs), other regulated investment
companies (RICs), and real estate investment trusts (REITs), which report information as to the tax character of their
distributions annually. These distributions are allocated to dividend income, capital gain and return of capital based on actual
information reported. Return of capital is recorded as a reduction of the cost basis of securities held. If the Fund no longer
owns the applicable securities, return of capital is recorded as a realized gain. With respect to REITs, to the extent actual
information has not yet been reported, estimates for return of capital are made by Columbia Management Investment Advisers,
LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). The Investment Manager’s estimates are subsequently adjusted when the actual character of the distributions is disclosed
by the REITs, which could result in a proportionate change in return of capital to shareholders.
Awards from class action litigation are recorded as a reduction of cost basis if the
Fund still owns the applicable securities on the payment date. If the Fund no longer owns the applicable securities on the payment
date, the proceeds are recorded as realized gains.
The value of additional securities received as an income payment through a payment-in-kind,
if any, is recorded as interest income and increases the cost basis of such securities.
The Fund may receive other income from senior loans, including amendment fees, consent
fees and commitment fees. These fees are recorded as income when received by the Fund. These amounts are included
in Interest Income in the Statement of Operations.
Expenses
General expenses of the Trust are allocated to the Fund and other funds of the Trust
based upon relative net assets or other expense allocation methodologies determined by the nature of the expense. Expenses
directly attributable to the Fund are charged to the Fund. Expenses directly attributable to a specific class of shares
are charged to that share class.
Determination of class net asset value
All income, expenses (other than class-specific expenses, which are charged to that
share class, as shown in the Statement of Operations) and realized and unrealized gains (losses) are allocated to each class
of the Fund on a daily basis, based on the relative net assets of each class, for purposes of determining the net asset value
of each class.
Federal income tax status
The Fund intends to qualify each year as a regulated investment company under Subchapter
M of the Internal Revenue Code, as amended, and will distribute substantially all of its investment company taxable
income and net capital gain, if any, for its tax year, and as such will not be subject to federal income taxes. In addition, the
Fund intends to distribute in each calendar year substantially all of its ordinary income, capital gain net income and certain
other amounts, if any, such that the Fund should not be subject to federal excise tax. Therefore, no federal income or excise
tax provision is recorded.
Foreign taxes
The Fund may be subject to foreign taxes on income, gains on investments or currency
repatriation, a portion of which may be recoverable. The Fund will accrue such taxes and recoveries, as applicable, based
upon its current interpretation of tax rules and regulations that exist in the markets in which it invests.
Realized gains in certain countries may be subject to foreign taxes at the Fund level,
based on statutory rates. The Fund accrues for such foreign taxes on realized and unrealized gains at the appropriate
rate for each jurisdiction, as applicable. The amount, if any, is disclosed as a liability in the Statement of Assets and Liabilities.
42
Columbia Balanced Fund | 2024
Notes to Financial Statements (continued)
August 31, 2024
Distributions to shareholders
Distributions from net investment income, if any, are declared and paid each calendar
quarter. Net realized capital gains, if any, are distributed at least annually. Income distributions and capital gain distributions
are determined in accordance with federal income tax regulations, which may differ from GAAP.
Guarantees and indemnifications
Under the Trust’s organizational documents and, in some cases, by contract, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust or its funds. In addition, certain of the Fund’s contracts with its service providers contain general indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown since the amount of any future claims that may be made against
the Fund cannot be determined, and the Fund has no historical basis for predicting the likelihood of any such claims.
Note 3. Fees and other transactions with affiliates
Management services fees
The Fund has entered into a Management Agreement with Columbia Management Investment
Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial).
Under the Management Agreement, the Investment Manager provides the Fund with investment research and advice, as well
as administrative and accounting services. The management services fee is an annual fee that is equal to a percentage of the Fund’s daily net assets that declines from 0.72% to 0.5075% as the Fund’s net assets increase. The effective management services fee rate for the year ended August 31, 2024 was 0.5685% of the Fund’s average daily net assets.
Compensation of Board members
Members of the Board of Trustees who are not officers or employees of the Investment
Manager or Ameriprise Financial are compensated for their services to the Fund as disclosed in the Statement of Operations.
Under a Deferred Compensation Plan (the Deferred Plan), these members of the Board of Trustees may elect to defer
payment of up to 100% of their compensation. Deferred amounts are treated as though equivalent dollar amounts had
been invested in shares of certain funds managed by the Investment Manager. The Fund’s liability for these amounts is adjusted for market value changes and remains in the Fund until distributed in accordance with the Deferred Plan. All amounts
payable under the Deferred Plan constitute a general unsecured obligation of the Fund. The expense for the Deferred Plan, which includes Trustees’ fees deferred during the current period as well as any gains or losses on the Trustees’ deferred compensation balances as a result of market fluctuations, is included in "Deferred compensation of board members"
in the Statement of Operations.
Compensation of Chief Compliance Officer
The Board of Trustees has appointed a Chief Compliance Officer for the Fund in accordance
with federal securities regulations. As disclosed in the Statement of Operations, a portion of the Chief Compliance Officer’s total compensation is allocated to the Fund, along with other allocations to affiliated registered investment
companies managed by the Investment Manager and its affiliates, based on relative net assets.
Transfer agency fees
Under a Transfer and Dividend Disbursing Agent Agreement, Columbia Management Investment
Services Corp. (the Transfer Agent), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise
Financial, is responsible for providing transfer agency services to the Fund. The Transfer Agent has contracted
with SS&C GIDS, Inc. (SS&C GIDS) to serve as sub-transfer agent. The Transfer Agent pays the fees of SS&C GIDS for services
as sub-transfer agent and SS&C GIDS is not entitled to reimbursement for such fees from the Fund (with the exception
of out-of-pocket fees).
The Fund pays the Transfer Agent a monthly transfer agency fee based on the number
or the average value of accounts, depending on the type of account. In addition, the Fund pays the Transfer Agent a
fee for shareholder services based on the number of accounts or on a percentage of the average aggregate value of the Fund’s shares maintained in omnibus accounts up to the lesser of the amount charged by the financial intermediary or a cap established
by the Board of Trustees from time to time.
Columbia Balanced Fund | 2024
43
Notes to Financial Statements (continued)
August 31, 2024
The Transfer Agent also receives compensation from the Fund for various shareholder
services and reimbursements for certain out-of-pocket fees. Total transfer agency fees for Institutional 2 Class and
Institutional 3 Class shares are subject to an annual limitation of not more than 0.07% and 0.02%, respectively, of the average
daily net assets attributable to each share class.
For the year ended August 31, 2024, the Fund’s effective transfer agency fee rates as a percentage of average daily net assets of each class were as follows:
|
|
Effective rate (%)
|
|
Class A
|
0.09
|
|
Advisor Class
|
0.09
|
|
Class C
|
0.09
|
|
Institutional Class
|
0.09
|
|
Institutional 2 Class
|
0.06
|
|
Institutional 3 Class
|
0.01
|
|
Class R
|
0.09
|
An annual minimum account balance fee of $20 may apply to certain accounts with a
value below the applicable share class’s initial minimum investment requirements to reduce the impact of small accounts on transfer agency fees. These minimum account balance fees are remitted to the Fund and recorded as part of expense
reductions in the Statement of Operations. For the year ended August 31, 2024, these minimum account balance fees
reduced total expenses of the Fund by $1,080.
Distribution and service fees
The Fund has entered into an agreement with Columbia Management Investment Distributors,
Inc. (the Distributor), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial,
for distribution and shareholder services. The Board of Trustees has approved, and the Fund has adopted, distribution
and shareholder service plans (the Plans) applicable to certain share classes, which set the distribution and service
fees for the Fund. These fees are calculated daily and are intended to compensate the Distributor and/or eligible selling and/or
servicing agents for selling shares of the Fund and providing services to investors.
Under the Plans, the Fund pays a monthly service fee to the Distributor at the maximum
annual rate of 0.25% of the average daily net assets attributable to Class A and Class C shares of the Fund. Also under
the Plans, the Fund pays a monthly distribution fee to the Distributor at the maximum annual rates of 0.10%, 0.75% and
0.50% of the average daily net assets attributable to Class A, Class C and Class R shares of the Fund, respectively.
Although the Fund may pay distribution and service fees up to a maximum annual rate of 0.35% of the Fund’s average daily net assets attributable to Class A shares (comprised of up to 0.10% for distribution
services and up to 0.25% for shareholder services), the Fund currently limits such fees to an aggregate fee of not more than 0.25% of the Fund’s average daily net assets attributable to Class A shares.
Sales charges (unaudited)
Sales charges, including front-end charges and contingent deferred sales charges (CDSCs),
received by the Distributor for distributing Fund shares for the year ended August 31, 2024, if any, are listed below:
|
|
Front End (%)
|
CDSC (%)
|
Amount ($)
|
|
Class A
|
5.75
|
0.50 - 1.00
(a)
|
3,971,675
|
|
Class C
|
—
|
1.00
(b)
|
72,132
|
|
(a)
|
This charge is imposed on certain investments of between $1 million and $50 million
redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12
months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after
purchase, with certain limited exceptions.
|
|
(b)
|
This charge applies to redemptions within 12 months after purchase, with certain limited
exceptions.
|
The Fund’s other share classes are not subject to sales charges.
44
Columbia Balanced Fund | 2024
Notes to Financial Statements (continued)
August 31, 2024
Expenses waived/reimbursed by the Investment Manager and its affiliates
The Investment Manager and certain of its affiliates have contractually agreed to
waive fees and/or reimburse expenses (excluding certain fees and expenses described below) for the period(s) disclosed
below, unless sooner terminated at the sole discretion of the Board of Trustees, so that the Fund’s net operating expenses, after giving effect to fees waived/expenses reimbursed and any balance credits and/or overdraft charges from the Fund’s custodian, do not exceed the following annual rate(s) as a percentage of the classes’ average daily net assets:
|
|
January 1, 2024
through
December 31, 2024 (%)
|
Prior to
January 1, 2024 (%)
|
|
Class A
|
1.03
|
1.08
|
|
Advisor Class
|
0.78
|
0.83
|
|
Class C
|
1.78
|
1.83
|
|
Institutional Class
|
0.78
|
0.83
|
|
Institutional 2 Class
|
0.75
|
0.80
|
|
Institutional 3 Class
|
0.70
|
0.75
|
|
Class R
|
1.28
|
1.33
|
Under the agreement governing these fee waivers and/or expense reimbursement arrangements,
the following fees and expenses are excluded from the waiver/reimbursement commitment, and therefore will
be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with
investments in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction
costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated
with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed
money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses
the exclusion of which is specifically approved by the Board of Trustees. This agreement may be modified or
amended only with approval from the Investment Manager, certain of its affiliates and the Fund. Any fees waived and/or
expenses reimbursed under the expense reimbursement arrangements described above are not recoverable by the Investment Manager
or its affiliates in future periods.
Note 4. Federal tax information
The timing and character of income and capital gain distributions are determined in
accordance with income tax regulations, which may differ from GAAP because of temporary or permanent book to tax differences.
At August 31, 2024, these differences were primarily due to differing treatment for
deferral/reversal of wash sale losses, derivative investments, tax straddles, principal and/or interest from fixed income securities, trustees’ deferred compensation, foreign currency transactions and earnings and profits distributed to shareholders
on the redemption of shares. To the extent these differences were permanent, reclassifications were made among the components of the Fund’s net assets. Temporary differences do not require reclassifications.
The following reclassifications were made:
|
Undistributed net
investment
income ($)
|
Accumulated
net realized
gain ($)
|
Paid in
capital ($)
|
|
42,919
|
(21,141,919
)
|
21,099,000
|
Net investment income (loss) and net realized gains (losses), as disclosed in the
Statement of Operations, and net assets were not affected by this reclassification.
Columbia Balanced Fund | 2024
45
Notes to Financial Statements (continued)
August 31, 2024
The tax character of distributions paid during the years indicated was as follows:
|
Year Ended August 31, 2024
|
Year Ended August 31, 2023
|
||||
|
Ordinary
income ($)
|
Long-term
capital gains ($)
|
Total ($)
|
Ordinary
income ($)
|
Long-term
capital gains ($)
|
Total ($)
|
|
157,785,917
|
—
|
157,785,917
|
111,946,209
|
267,812,510
|
379,758,719
|
Short-term capital gain distributions, if any, are considered ordinary income distributions
for tax purposes.
At August 31, 2024, the components of distributable earnings on a tax basis were as
follows:
|
Undistributed
ordinary income ($)
|
Undistributed
long-term
capital gains ($)
|
Capital loss
carryforwards ($)
|
Net unrealized
appreciation ($)
|
|
38,461,063
|
517,740,393
|
—
|
2,719,011,148
|
At August 31, 2024, the cost of all investments for federal income tax purposes along
with the aggregate gross unrealized appreciation and depreciation based on that cost was:
|
Federal
tax cost ($)
|
Gross unrealized
appreciation ($)
|
Gross unrealized
(depreciation) ($)
|
Net unrealized
appreciation ($)
|
|
8,053,832,769
|
2,783,192,189
|
(64,181,041
)
|
2,719,011,148
|
Tax cost of investments and unrealized appreciation/(depreciation) may also include
timing differences that do not constitute adjustments to tax basis.
The following capital loss carryforwards, determined at August 31, 2024, may be available
to reduce future net realized gains on investments, if any, to the extent permitted by the Internal Revenue Code. In addition,
for the year ended August 31, 2024, capital loss carryforwards utilized, if any, were as follows:
|
No expiration
short-term ($)
|
No expiration
long-term ($)
|
Total ($)
|
Utilized ($)
|
|
—
|
—
|
—
|
24,438,463
|
Management of the Fund has concluded that there are no significant uncertain tax positions
in the Fund that would require recognition in the financial statements. However, management’s conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, new tax laws, regulations,
and administrative interpretations (including relevant court decisions). Generally, the Fund’s federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.
Note 5. Portfolio information
The cost of purchases and proceeds from sales of securities, excluding short-term
investments and derivatives, if any, aggregated to $17,594,704,849 and $17,572,927,517, respectively, for the year ended
August 31, 2024, of which $13,463,148,849 and $13,346,730,820, respectively, were U.S. government securities.
The amount of purchase and sale activity impacts the portfolio turnover rate reported in the Financial Highlights.
Note 6. Affiliated money market fund
The Fund invests in Columbia Short-Term Cash Fund, an affiliated money market fund
established for the exclusive use by the Fund and other affiliated funds (the Affiliated MMF). The income earned by the Fund
from such investments is included as Dividends - affiliated issuers in the Statement of Operations. As an investing fund,
the Fund indirectly bears its proportionate share of the expenses of the Affiliated MMF. The Affiliated MMF prices its shares
with a floating net asset value. The Securities and Exchange Commission has adopted amendments to money market fund rules
requiring institutional prime money market funds like the Affiliated MMF to be subject to a discretionary liquidity
fee of up to 2% if the imposition of such a fee is determined to be in the best interest of the Affiliated MMF and to a mandatory
liquidity fee if daily net redemptions exceed 5% of net assets.
46
Columbia Balanced Fund | 2024
Notes to Financial Statements (continued)
August 31, 2024
Note 7. Interfund lending
Pursuant to an exemptive order granted by the Securities and Exchange Commission,
the Fund participates in a program (the Interfund Program) allowing each participating Columbia Fund (each, a Participating
Fund) to lend money directly to and, except for closed-end funds and money market funds, borrow money directly from other
Participating Funds for temporary purposes. The amounts eligible for borrowing and lending under the Interfund Program
are subject to certain restrictions.
Interfund loans are subject to the risk that the borrowing fund could be unable to
repay the loan when due, and a delay in repayment to the lending fund could result in lost opportunities and/or additional
lending costs. The exemptive order is subject to conditions intended to mitigate conflicts of interest arising from the Investment Manager’s relationship with each Participating Fund.
The Fund’s activity in the Interfund Program during the year ended August 31, 2024 was as follows:
|
Borrower or lender
|
Average loan
balance ($)
|
Weighted average
interest rate (%)
|
Number of days
with outstanding loans
|
|
Lender
|
7,386,364
|
5.87
|
22
|
Interest income earned by the Fund is recorded as Interfund lending in the Statement
of Operations. The Fund had no outstanding interfund loans at August 31, 2024.
Note 8. Line of credit
The Fund has access to a revolving credit facility with a syndicate of banks led by
JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. whereby the Fund may borrow for the temporary funding of
shareholder redemptions or for other temporary or emergency purposes. Pursuant to an October 26, 2023 amendment and restatement,
the credit facility, which is an agreement between the Fund and certain other funds managed by the Investment Manager
or an affiliated investment manager, severally and not jointly, permits aggregate borrowings up to $900 million.
Interest is currently charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the
federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate plus,
in each case, 1.00%. Each borrowing under the credit facility matures no later than 60 days after the date of borrowing. The
Fund also pays a commitment fee equal to its pro rata share of the unused amount of the credit facility at a rate of 0.15%
per annum. The commitment fee is included in other expenses in the Statement of Operations. This agreement expires annually in
October unless extended or renewed. Prior to the October 26, 2023 amendment and restatement, the Fund had access to a
revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A.
which permitted collective borrowings up to $950 million. Interest was charged to each participating fund based on its borrowings
at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10%
and (iii) the overnight bank funding rate plus, in each case, 1.00%.
The Fund had no borrowings during the year ended August 31, 2024.
Note 9. Significant risks
Credit risk
Credit risk is the risk that the value of debt instruments in the Fund’s portfolio may decline because the issuer defaults or otherwise becomes unable or unwilling, or is perceived to be unable or unwilling,
to honor its financial obligations, such as making payments to the Fund when due. Credit rating agencies assign credit ratings
to certain debt instruments to indicate their credit risk. Lower-rated or unrated debt instruments held by the Fund may present
increased credit risk as compared to higher-rated debt instruments.
Interest rate risk
Interest rate risk is the risk of losses attributable to changes in interest rates.
In general, if interest rates rise, the values of debt instruments tend to fall, and if interest rates fall, the values of debt instruments
tend to rise. Actions by governments and central banking authorities can result in increases or decreases in interest rates.
Higher periods of inflation could lead such authorities to raise interest rates. Increasing interest rates may negatively
affect the value of debt securities held by the
Columbia Balanced Fund | 2024
47
Notes to Financial Statements (continued)
August 31, 2024
Fund, resulting in a negative impact on the Fund’s performance and net asset value per share. In general, the longer the maturity or duration of a debt security, the greater its sensitivity to changes in
interest rates. The Fund is subject to the risk that the income generated by its investments may not keep pace with inflation.
Liquidity risk
Liquidity risk is the risk associated with a lack of marketability of investments
which may make it difficult to sell the investment at a desirable time or price. Changing regulatory, market or other conditions
or environments (for example, the interest rate or credit environments) may adversely affect the liquidity of the Fund’s investments. The Fund may have to accept a lower selling price for the holding, sell other investments, or forego another,
more appealing investment opportunity. Generally, the less liquid the market at the time the Fund sells a portfolio investment,
the greater the risk of loss or decline of value to the Fund. A less liquid market can lead to an increase in Fund redemptions,
which may negatively impact Fund performance and net asset value per share, including, for example, if the Fund is
forced to sell securities in a down market.
Market risk
The Fund may incur losses due to declines in the value of one or more securities in
which it invests. These declines may be due to factors affecting a particular issuer, or the result of, among other things,
political, regulatory, market, economic or social developments affecting the relevant market(s) more generally. In addition,
turbulence in financial markets and reduced liquidity in equity, credit and/or fixed income markets may negatively affect many
issuers, which could adversely affect the Fund’s ability to price or value hard-to-value assets in thinly traded and closed markets and could cause significant redemptions and operational challenges. Global economies and financial markets are
increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact
issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely
interrupt the global supply chain; in these and other circumstances, such risks might affect companies worldwide. As
a result, local, regional or global events such as terrorism, war, other conflicts, natural disasters, disease/virus outbreaks
and epidemics or other public health issues, recessions, depressions or other events – or the potential for such events – could have a significant negative impact on global economic and market conditions.
Mortgage- and other asset-backed securities risk
The value of any mortgage-backed and other asset-backed securities including collateralized
debt obligations, if any, held by the Fund may be affected by, among other things, changes or perceived changes in:
interest rates; factors concerning the interests in and structure of the issuer or the originator of the mortgages or other
assets; the creditworthiness of the entities that provide any supporting letters of credit, surety bonds or other credit enhancements; or the market’s assessment of the quality of underlying assets. Payment of principal and interest on some mortgage-backed
securities (but not the market value of the securities themselves) may be guaranteed by the full faith and credit of a
particular U.S. Government agency, authority, enterprise or instrumentality, and some, but not all, are also insured or guaranteed
by the U.S. Government. Mortgage-backed securities issued by non-governmental issuers (such as commercial banks, savings
and loan institutions, private mortgage insurance companies, mortgage bankers and other secondary market issuers)
may entail greater risk than obligations guaranteed by the U.S. Government. Mortgage- and other asset-backed securities
are subject to liquidity risk and prepayment risk. A decline or flattening of housing values may cause delinquencies
in mortgages (especially sub-prime or non-prime mortgages) underlying mortgage-backed securities and thereby adversely affect
the ability of the mortgage-backed securities issuer to make principal and/or interest payments to mortgage-backed securities
holders, including the Fund. Rising or high interest rates tend to extend the duration of mortgage- and other asset-backed
securities, making their prices more volatile and more sensitive to changes in interest rates.
Shareholder concentration risk
At August 31, 2024, affiliated shareholders of record owned 37.0% of the outstanding
shares of the Fund in one or more accounts. Fund shares sold to or redeemed by concentrated accounts may have a significant
effect on the operations of the Fund. In the case of a large redemption, the Fund may be forced to sell investments
at inopportune times, including its liquid positions, which may result in Fund losses and the Fund holding a higher percentage
of less liquid positions. Large redemptions could result in decreased economies of scale and increased operating expenses
for non-redeeming Fund shareholders.
48
Columbia Balanced Fund | 2024
Notes to Financial Statements (continued)
August 31, 2024
Note 10. Subsequent events
Management has evaluated the events and transactions that have occurred through the
date the financial statements were issued. Other than as noted in Note 1 above, there were no items requiring adjustment
of the financial statements or additional disclosure.
Note 11. Information regarding pending and settled legal proceedings
Ameriprise Financial and certain of its affiliates are involved in the normal course
of business in legal proceedings which include regulatory inquiries, arbitration and litigation, including class actions
concerning matters arising in connection with the conduct of their activities as part of a diversified financial services firm.
Ameriprise Financial believes that the Fund is not currently the subject of, and that neither Ameriprise Financial nor any of its affiliates
are the subject of, any pending legal, arbitration or regulatory proceedings that are likely to have a material adverse effect
on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund. Ameriprise
Financial is required to make quarterly (10-Q), annual (10-K) and, as necessary, 8-K filings with the Securities and Exchange
Commission (SEC) on legal and regulatory matters that relate to Ameriprise Financial and its affiliates. Copies
of these filings may be obtained by accessing the SEC website at www.sec.gov.
There can be no assurance that these matters, or the adverse publicity associated
with them, will not result in increased Fund redemptions, reduced sale of Fund shares or other adverse consequences to the
Fund. Further, although we believe proceedings are not likely to have a material adverse effect on the Fund or the ability
of Ameriprise Financial or its affiliates to perform under their contracts with the Fund, these proceedings are subject to uncertainties
and, as such, we are unable to estimate the possible loss or range of loss that may result. An adverse outcome in
one or more of these proceedings could result in adverse judgments, settlements, fines, penalties or other relief that could
have a material adverse effect on the consolidated financial condition or results of operations of Ameriprise Financial
or one or more of its affiliates that provide services to the Fund.
Columbia Balanced Fund | 2024
49
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Columbia Funds Series Trust I and Shareholders of Columbia
Balanced Fund
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the
portfolio of investments, of Columbia Balanced Fund (one of the funds constituting Columbia Funds Series Trust I, referred
to hereafter as the "Fund") as of August 31, 2024, the related statement of operations for the year ended August 31,
2024, the statement of changes in net assets for each of the two years in the period ended August 31, 2024, including the
related notes, and the financial highlights for each of the five years in the period ended August 31, 2024 (collectively
referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material
respects, the financial position of the Fund as of August 31, 2024, the results of its operations for the year then ended, the
changes in its net assets for each of the two years in the period ended August 31, 2024 and the financial highlights for each of
the five years in the period ended August 31, 2024 in conformity with accounting principles generally accepted in the
United States of America.
Basis for Opinion
These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent
with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations
of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards
of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement
of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such
procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as
evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned
as of August 31, 2024 by correspondence with the custodian, transfer agent, brokers and agent banks; when replies were not
received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable
basis for our opinion.
/s/PricewaterhouseCoopers LLP
Minneapolis, Minnesota
October 23, 2024
We have served as the auditor of one or more investment companies within the Columbia
Funds Complex since 1977.
50
Columbia Balanced Fund | 2024
Federal Income Tax Information
(Unaudited)
The Fund hereby designates the following tax attributes for the fiscal year ended
August 31, 2024. Shareholders will be notified in early 2025 of the amounts for use in preparing 2024 income tax returns.
|
Qualified
dividend
income
|
Dividends
received
deduction
|
Capital
gain
dividend
|
|
41.62%
|
36.39%
|
$565,781,363
|
Qualified dividend income. For taxable, non-corporate shareholders, the percentage
of ordinary income distributed during the fiscal year that represents qualified dividend income subject to reduced tax rates.
Dividends received deduction. The percentage of ordinary income distributed during
the fiscal year that qualifies for the corporate dividends received deduction.
Capital gain dividend. The Fund designates as a capital gain dividend the amount reflected
above, or if subsequently determined to be different, the net capital gain of such fiscal period.
Columbia Balanced Fund | 2024
51
Approval of Management Agreement
(Unaudited)
Columbia Management Investment Advisers, LLC (the Investment Manager, and together
with its domestic and global affiliates, Columbia Threadneedle Investments), a wholly-owned subsidiary of Ameriprise
Financial, Inc. (Ameriprise Financial), serves as the investment manager to Columbia Balanced Fund (the Fund). Under a management
agreement (the Management Agreement), the Investment Manager provides investment advice and other
services to the Fund and other funds distributed by Columbia Management Investment Distributors, Inc. (collectively,
the Funds).
On an annual basis, the Fund’s Board of Trustees (the Board), including the independent Board members (the Independent Trustees), considers renewal of the Management Agreement. The Investment Manager
prepared detailed reports for the Board and its Contracts Committee (including its Contracts Subcommittee) in March,
April, May and June 2024, including reports providing the results of analyses performed by a third-party data provider,
Broadridge Financial Solutions, Inc. (Broadridge), and comprehensive responses by the Investment Manager to written requests
for information by independent legal counsel to the Independent Trustees (Independent Legal Counsel), to assist the
Board in making this determination. In addition, throughout the year, the Board (or its committees or subcommittees) regularly
meets with portfolio management teams and senior management personnel and reviews information prepared by the Investment
Manager addressing the services the Investment Manager provides and Fund performance. The Board also accords
appropriate weight to the work, deliberations and conclusions of the various committees (including their subcommittees),
such as the Contracts Committee, the Investment Review Committee, the Audit Committee and the Compliance Committee
in determining whether to continue the Management Agreement.
The Board, at its June 27, 2024 Board meeting (the June Meeting), considered the renewal
of the Management Agreement for an additional one-year term. At the June Meeting, Independent Legal Counsel reviewed
with the Independent Trustees various factors relevant to the Board’s consideration of advisory agreements and the Board’s legal responsibilities related to such consideration. The Independent Trustees considered such information as they,
their legal counsel or the Investment Manager believed reasonably necessary to evaluate and to approve the continuation
of the Management Agreement. Among other things, the information and factors considered included the following:
•
Information on the investment performance of the Fund relative to the performance
of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative
to one or more benchmarks;
•
Information on the Fund’s management fees and total expenses, including information comparing the Fund’s expenses to those of a group of comparable mutual funds, as determined by Broadridge;
•
The Investment Manager’s agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs
and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent
and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund’s net assets;
•
Terms of the Management Agreement;
•
Descriptions of other agreements and arrangements with affiliates of the Investment
Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and
shareholder services to the Fund;
•
Descriptions of various services performed by the Investment Manager under the Management
Agreement, including portfolio management and portfolio trading practices;
•
Information regarding any recently negotiated management fees of similarly-managed
portfolios of other institutional clients of the Investment Manager;
•
Information regarding the resources of the Investment Manager, including information
regarding senior management, portfolio managers and other personnel;
•
Information regarding the capabilities of the Investment Manager with respect to compliance
monitoring services;
•
The profitability to the Investment Manager and its affiliates from their relationships
with the Fund; and
•
Report provided by the Board’s independent fee consultant, JDL Consultants, LLC (JDL).
52
Columbia Balanced Fund | 2024
Approval of Management Agreement (continued)
(Unaudited)
Following an analysis and discussion of the foregoing, and the factors identified
below, the Board, including all of the Independent Trustees, approved the renewal of the Management Agreement.
Nature, extent and quality of services provided by the Investment Manager
The Board analyzed various reports and presentations it had received detailing the
services performed by the Investment Manager, as well as its history, expertise, resources and relative capabilities, and
the qualifications of its personnel.
The Board specifically considered the many developments during recent years concerning
the services provided by the Investment Manager. Among other things, the Board noted the organization and depth
of the equity and credit research departments. The Board further observed the enhancements to the investment risk management department’s processes, systems and oversight over the past several years. The Board also took into account
the broad scope of services provided by the Investment Manager to the Fund, including, among other services, investment,
risk and compliance oversight. The Board also took into account the information it received concerning the Investment Manager’s ability to attract and retain key portfolio management personnel and that it has sufficient resources to provide competitive
and adequate compensation to investment personnel.
In connection with the Board’s evaluation of the overall package of services provided by the Investment Manager, the Board also considered the nature, quality and range of administrative services provided
to the Fund by the Investment Manager, as well as the achievements in 2023 in the performance of administrative services, and
noted the various enhancements anticipated for 2024. In evaluating the quality of services provided under the Management
Agreement, the Board also took into account the organization and strength of the Fund’s and its service providers’ compliance programs. The Board also reviewed the financial condition of the Investment Manager and its affiliates and each entity’s ability to carry out its responsibilities under the Management Agreement and the Fund’s other service agreements.
In addition, the Board discussed the acceptability of the terms of the Management
Agreement, noting that no changes were proposed from the form of agreement previously approved. The Board also noted the
wide array of legal and compliance services provided to the Fund under the Management Agreement.
After reviewing these and related factors (including investment performance as discussed
below), the Board concluded, within the context of their overall conclusions, that the nature, extent and quality
of the services provided to the Fund under the Management Agreement supported the continuation of the Management Agreement.
Investment performance
The Board carefully reviewed the investment performance of the Fund, including detailed
reports providing the results of analyses performed by each of the Investment Manager, Broadridge and JDL collectively
showing, for various periods (including since manager inception): (i) the performance of the Fund, (ii) the Fund’s performance relative to peers and benchmarks and (iii) the net assets of the Fund. The Board observed that the Fund’s performance for certain periods ranked above median based on information provided by Broadridge.
The Board also reviewed a description of the third-party data provider’s methodology for identifying the Fund’s peer groups for purposes of performance and expense comparisons.
The Board also considered the Investment Manager’s performance and reputation generally. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions,
that the performance of the Fund and the Investment Manager, in light of other considerations, supported the continuation of
the Management Agreement.
Comparative fees, costs of services provided and the profits realized by the Investment
Manager and its affiliates from their relationships with the Fund
The Board reviewed comparative fees and the costs of services provided under the Management
Agreement. The Board members considered detailed comparative information set forth in an annual report
on fees and expenses, including, among other things, data (based on analyses conducted by Broadridge and JDL) showing a comparison of the Fund’s expenses with median expenses paid by funds in its comparative peer universe, as well as data showing the Fund’s contribution to the
Columbia Balanced Fund | 2024
53
Approval of Management Agreement (continued)
(Unaudited)
Investment Manager’s profitability. The Board reviewed the fees charged to comparable institutional or other accounts/vehicles managed by the Investment Manager and discussed differences in how the products are
managed and operated, thus explaining many of the differences in fees.
The Board considered the reports of JDL, which assisted in the Board’s analysis of the Funds’ performance and expenses and the reasonableness of the Funds’ fee rates. The Board accorded particular weight to the notion that a primary objective of the level of fees is to achieve a rational pricing model applied consistently across
the various product lines in the Fund family, while assuring that the overall fees for each Fund (with certain exceptions)
are generally in line with the current “pricing philosophy” such that Fund total expense ratios, in general, approximate or are lower than the median expense ratios of funds in the same Lipper comparison universe. The Board took into account that the Fund’s total expense ratio (after considering proposed expense caps/waivers) approximated the peer universe’s median expense ratio.
After reviewing these and related factors, the Board concluded, within the context
of their overall conclusions, that the levels of management fees and expenses of the Fund, in light of other considerations, supported
the continuation of the Management Agreement.
The Board also considered the profitability of the Investment Manager and its affiliates
in connection with the Investment Manager providing management services to the Fund. With respect to the profitability
of the Investment Manager and its affiliates, the Independent Trustees referred to information discussing the profitability
to the Investment Manager and Ameriprise Financial from managing, operating and distributing the Funds. The Board
considered that the profitability generated by the Investment Manager in 2023 had declined from 2022 levels, due to
a variety of factors, including the decreased assets under management of the Funds. It also took into account the indirect
economic benefits flowing to the Investment Manager or its affiliates in connection with managing or distributing the
Funds, such as the enhanced ability to offer various other financial products to Ameriprise Financial customers, soft dollar
benefits and overall reputational advantages. The Board noted that the fees paid by the Fund should permit the Investment
Manager to offer competitive compensation to its personnel, make necessary investments in its business and earn
an appropriate profit. After reviewing these and related factors, the Board concluded, within the context of their overall
conclusions, that the costs of services provided and the profitability to the Investment Manager and its affiliates from their
relationships with the Fund supported the continuation of the Management Agreement.
Economies of scale
The Board considered the potential existence of economies of scale in the provision
by the Investment Manager of services to the Fund, and whether those economies of scale were shared with the Fund through
breakpoints in investment management fees or other means, such as expense limitation arrangements and additional
investments by the Investment Manager in investment, trading, compliance and other resources. The Board considered
the economies of scale that might be realized as the Fund’s net asset level grows and took note of the extent to which Fund shareholders might also benefit from such growth. In this regard, the Board took into account that management fees
decline as Fund assets exceed various breakpoints, all of which have not been surpassed. The Board observed that the Management
Agreement thus provides for breakpoints in the management fee rate schedule that allow opportunities for shareholders
to realize lower fees as Fund assets grow and that there are additional opportunities through other means for sharing
economies of scale with shareholders.
Conclusion
The Board reviewed all of the above considerations in reaching its decision to approve
the continuation of the Management Agreement. In reaching its conclusions, no single factor was determinative.
On June 27, 2024, the Board, including all of the Independent Trustees, determined
that fees payable under the Management Agreement were fair and reasonable in light of the extent and quality of
services provided and approved the renewal of the Management Agreement.
54
Columbia Balanced Fund | 2024
Columbia Balanced Fund
P.O. Box 219104
Kansas City, MO 64121-9104
Please read and consider the investment objectives, risks, charges and expenses for
any fund carefully before investing. For a prospectus and summary prospectus, which contains this and other important information
about the Fund, go to
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.
Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name
of the Columbia and Threadneedle group of companies. All rights reserved.
© 2024 Columbia Management Investment Advisers, LLC.
columbiathreadneedleus.com/investor/
ANN120_08_P01_(10/24)
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies is included in Item 7 of this Form N-CSR.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Statement regarding basis for approval of Investment Advisory Contract is included in Item 7 of this Form N-CSR.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 15. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors implemented since the registrant last provided disclosure as to such procedures in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K or Item 15 of Form N-CSR.
Item 16. Controls and Procedures.
(a) The registrant’s principal executive officer and principal financial officer, based on their evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-CSR is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
(b) There was no change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable.
Item 19. Exhibits.
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 I |
|
|
|
| By (Signature and Title) | /s/ Daniel J. Beckman |
| Daniel J. Beckman, President and Principal Executive Officer | |
|
|
|
| Date | October 23, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By (Signature and Title) | /s/ Daniel J. Beckman |
| Daniel J. Beckman, President and Principal Executive Officer | |
|
|
|
| Date | October 23, 2024 |
|
|
|
| By (Signature and Title) | /s/ Michael G. Clarke |
| Michael G. Clarke, Chief Financial Officer, | |
| Principal Financial Officer and Senior Vice President | |
|
|
|
| Date | October 23, 2024 |
|
|
|
| By (Signature and Title) | /s/ Charles H. Chiesa |
| Charles H. Chiesa, Treasurer, Chief Accounting | |
| Officer and Principal Financial Officer | |
|
|
|
| Date | October 23, 2024 |
