Third Quarter
Report
February 28, 2023 (Unaudited)
February 28, 2023 (Unaudited)
Columbia High Yield
Municipal Fund
Not FDIC or NCUA Insured •
No Financial Institution Guarantee • May Lose Value
Portfolio of Investments
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
(Percentages represent value of
investments compared to net assets)
Investments in securities
| Floating Rate Notes 0.7% | ||||
| Issue Description | Yield | Principal Amount ($) | Value ($) | |
| New York 0.5% | ||||
| New York City Water & Sewer System(a),(b) | ||||
| Revenue Bonds | ||||
| 2nd General Resolution | ||||
| Series 2013DD-2 (JPMorgan Chase Bank) | ||||
| 06/15/2043 | 2.450% | 2,500,000 | 2,500,000 | |
| Utah 0.2% | ||||
| City of Murray(a),(b) | ||||
| Revenue Bonds | ||||
| IHC Health Services, Inc. | ||||
| Series 2005B (JPMorgan Chase Bank) | ||||
| 05/15/2037 | 2.450% | 1,300,000 | 1,300,000 | |
| Total Floating Rate Notes (Cost $3,800,000) | 3,800,000 | |||
| Municipal Bonds 98.4% | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Alabama 0.3% | ||||
| Sumter County Industrial Development Authority(c) | ||||
| Revenue Bonds | ||||
| Green Bonds - Enviva, Inc. | ||||
| Series 2022 (Mandatory Put 07/15/32) | ||||
| 07/15/2052 | 6.000% | 1,500,000 | 1,332,744 | |
| Alaska 0.1% | ||||
| Northern Tobacco Securitization Corp.(d) | ||||
| Refunding Revenue Bonds | ||||
| Series 2021B-2 | ||||
| 06/01/2066 | 0.000% | 5,000,000 | 591,265 | |
| Arizona 2.5% | ||||
| Arizona Industrial Development Authority(e),(f) | ||||
| Revenue Bonds | ||||
| Legacy Cares, Inc. Project | ||||
| Series 2020 | ||||
| 07/01/2050 | 0.000% | 3,000,000 | 1,950,000 | |
| Series 2021A | ||||
| 07/01/2051 | 0.000% | 500,000 | 325,000 | |
| Arizona Industrial Development Authority(e) | ||||
| Revenue Bonds | ||||
| Pinecrest Academy of Northern Nevada Project | ||||
| Series 2022 | ||||
| 07/15/2029 | 4.500% | 2,500,000 | 2,391,627 | |
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Industrial Development Authority of the County of Pima (The)(e) | ||||
| Refunding Revenue Bonds | ||||
| American Leadership Academy | ||||
| Series 2022 | ||||
| 06/15/2057 | 4.000% | 4,000,000 | 2,802,475 | |
| Revenue Bonds | ||||
| La Posada at Pusch Ridge Project | ||||
| Series 2022 | ||||
| 11/15/2057 | 7.000% | 1,000,000 | 1,013,898 | |
| La Paz County Industrial Development Authority | ||||
| Revenue Bonds | ||||
| Charter School Solutions - Harmony Public Schools Project | ||||
| Series 2016 | ||||
| 02/15/2046 | 5.000% | 1,500,000 | 1,469,119 | |
| Series 2018 | ||||
| 02/15/2048 | 5.000% | 230,000 | 223,693 | |
| Maricopa County Industrial Development Authority(c),(e) | ||||
| Revenue Bonds | ||||
| Commercial Metals Co. | ||||
| Series 2022 | ||||
| 10/15/2047 | 4.000% | 3,000,000 | 2,477,778 | |
| Total | 12,653,590 | |||
| California 4.9% | ||||
| California County Tobacco Securitization Agency | ||||
| Refunding Revenue Bonds | ||||
| Subordinated Series 2020B-1 | ||||
| 06/01/2049 | 5.000% | 390,000 | 393,273 | |
| California Municipal Finance Authority(c),(e),(f) | ||||
| Revenue Bonds | ||||
| UTS Renewable Energy-Waste Water Facilities | ||||
| Series 2011 | ||||
| 12/01/2032 | 0.000% | 1,835,000 | 36,700 | |
| California Statewide Communities Development Authority | ||||
| Refunding Revenue Bonds | ||||
| 899 Charleston Project | ||||
| Series 2014A | ||||
| 11/01/2044 | 5.250% | 1,500,000 | 1,241,201 | |
| Revenue Bonds | ||||
| Loma Linda University Medical Center | ||||
| Series 2014 | ||||
| 12/01/2054 | 5.500% | 1,000,000 | 989,710 | |
| California Statewide Communities Development Authority(e) | ||||
| Revenue Bonds | ||||
| Loma Linda University Medical Center | ||||
| Series 2018 | ||||
| 12/01/2058 | 5.500% | 1,000,000 | 981,676 | |
| 2 | Columbia High Yield Municipal Fund | Third Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| City of Long Beach Marina System | ||||
| Revenue Bonds | ||||
| Series 2015 | ||||
| 05/15/2045 | 5.000% | 500,000 | 504,864 | |
| CMFA Special Finance Agency(e) | ||||
| Revenue Bonds | ||||
| Junior Bonds - Latitude33 | ||||
| Series 2021A | ||||
| 12/01/2045 | 4.000% | 2,000,000 | 1,582,409 | |
| Junior Bonds - Solana at Grand | ||||
| Series 2021A-2 | ||||
| 08/01/2045 | 4.000% | 5,000,000 | 4,045,863 | |
| CSCDA Community Improvement Authority(e) | ||||
| Revenue Bonds | ||||
| Social Bonds - Mezzanine Lien - Westgate Phase 1-Pasadena | ||||
| Series 2021 | ||||
| 06/01/2057 | 4.000% | 2,000,000 | 1,392,466 | |
| Social Bonds - Millennium South Bay-Hawthorne | ||||
| Series 2021 | ||||
| 07/01/2058 | 4.000% | 3,000,000 | 2,055,206 | |
| Golden State Tobacco Securitization Corp.(d) | ||||
| Refunding Revenue Bonds | ||||
| Subordinated Series 2021B-2 | ||||
| 06/01/2066 | 0.000% | 40,000,000 | 3,959,344 | |
| Hastings Campus Housing Finance Authority | ||||
| Revenue Bonds | ||||
| Green Bonds | ||||
| Series 2020A | ||||
| 07/01/2061 | 5.000% | 1,000,000 | 799,534 | |
| Hastings Campus Housing Finance Authority(d),(e) | ||||
| Revenue Bonds | ||||
| Green Bonds | ||||
| Subordinated Series 2020A | ||||
| 07/01/2061 | 0.000% | 3,000,000 | 1,006,101 | |
| M-S-R Energy Authority | ||||
| Revenue Bonds | ||||
| Series 2009B | ||||
| 11/01/2039 | 6.500% | 5,000,000 | 5,958,279 | |
| Total | 24,946,626 | |||
| Colorado 9.9% | ||||
| Aerotropolis Regional Transportation Authority | ||||
| Revenue Bonds | ||||
| Series 2021 | ||||
| 12/01/2052 | 4.375% | 4,000,000 | 2,962,028 | |
| Aurora Crossroads Metropolitan District No. 2 | ||||
| Limited General Obligation Bonds | ||||
| Senior Series 2020A | ||||
| 12/01/2050 | 5.000% | 1,000,000 | 863,969 | |
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| City & County of Denver Airport System(c) | ||||
| Revenue Bonds | ||||
| Series 2022A | ||||
| 11/15/2047 | 5.000% | 900,000 | 934,473 | |
| Colorado Bridge Enterprise(c) | ||||
| Revenue Bonds | ||||
| Central 70 Project | ||||
| Series 2017 | ||||
| 06/30/2051 | 4.000% | 6,000,000 | 5,314,639 | |
| Colorado Educational & Cultural Facilities Authority(e) | ||||
| Refunding Revenue Bonds | ||||
| New Summit Charter Academy Project | ||||
| Series 2021 | ||||
| 07/01/2051 | 4.000% | 715,000 | 532,987 | |
| 07/01/2061 | 4.000% | 1,225,000 | 865,874 | |
| Colorado Health Facilities Authority | ||||
| Improvement Refunding Revenue Bonds | ||||
| Christian Living Neighborhoods | ||||
| Series 2021 | ||||
| 01/01/2042 | 4.000% | 1,000,000 | 732,384 | |
| Refunding Revenue Bonds | ||||
| CommonSpirit Health | ||||
| Series 2019A | ||||
| 08/01/2049 | 4.000% | 3,250,000 | 2,814,115 | |
| Revenue Bonds | ||||
| Aberdeen Ridge | ||||
| Series 2021A | ||||
| 05/15/2058 | 5.000% | 3,250,000 | 2,410,113 | |
| NJH-SJH Center for Outpatient Health Project | ||||
| Series 2019 | ||||
| 01/01/2045 | 3.000% | 5,000,000 | 3,858,715 | |
| Eagle Brook Meadows Metropolitan District No. 3 | ||||
| Limited General Obligation Bonds | ||||
| Series 2021 | ||||
| 12/01/2051 | 5.000% | 1,500,000 | 1,264,434 | |
| Fiddlers Business Improvement District(e) | ||||
| Unlimited General Obligation Refunding Bonds | ||||
| Series 2022 | ||||
| 12/01/2047 | 5.550% | 3,000,000 | 2,998,336 | |
| Fitzsimons Village Metropolitan District No. 3 | ||||
| Limited General Obligation Refunding Bonds | ||||
| Series 2021A-1 | ||||
| 12/01/2055 | 4.250% | 2,000,000 | 1,388,062 | |
| Jefferson Center Metropolitan District No. 1 | ||||
| Refunding Revenue Bonds | ||||
| Subordinated Series 2020B | ||||
| 12/15/2050 | 5.750% | 4,000,000 | 3,796,338 | |
| Lanterns Metropolitan District No. 2 | ||||
| Limited General Obligation Bonds | ||||
| Series 2021A | ||||
| 12/01/2050 | 4.500% | 2,830,000 | 2,012,500 | |
| Columbia High Yield Municipal Fund | Third Quarter Report 2023 | 3 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Peak Metropolitan District No. 1(e) | ||||
| Limited General Obligation Bonds | ||||
| Series 2021A | ||||
| 12/01/2051 | 5.000% | 1,150,000 | 979,431 | |
| Peak Metropolitan District No. 3(d) | ||||
| Limited General Obligation Bonds | ||||
| Capital Appreciation | ||||
| Series 2022 | ||||
| 12/01/2052 | 0.000% | 2,000,000 | 1,073,699 | |
| Rampart Range Metropolitan District No. 5 | ||||
| Revenue Bonds | ||||
| Series 2021 | ||||
| 12/01/2051 | 4.000% | 2,500,000 | 1,720,526 | |
| RRC Metropolitan District No. 2 | ||||
| Limited General Obligation Bonds | ||||
| Series 2021 | ||||
| 12/01/2051 | 5.250% | 2,500,000 | 2,063,782 | |
| Sagebrush Farm Metropolitan District No. 1 | ||||
| Limited General Obligation Bonds | ||||
| Series 2022A | ||||
| 12/01/2052 | 6.750% | 2,000,000 | 1,941,639 | |
| Senac South Metropolitan District No. 1 | ||||
| Limited General Obligation Bonds | ||||
| Series 2021A | ||||
| 12/01/2051 | 5.250% | 3,000,000 | 2,531,044 | |
| Sky Ranch Community Authority Board | ||||
| Limited General Obligation Bonds | ||||
| Series 2022A | ||||
| 12/01/2052 | 5.750% | 1,250,000 | 1,151,703 | |
| Sterling Ranch Community Authority Board | ||||
| Refunding Revenue Bonds | ||||
| Series 2022A | ||||
| 12/01/2053 | 6.750% | 2,000,000 | 2,009,282 | |
| Waterfront at Foster Lake Metropolitan District No. 2 | ||||
| Revenue Bonds | ||||
| Series 2022 | ||||
| 12/01/2028 | 4.625% | 2,000,000 | 1,827,347 | |
| Windler Public Improvement Authority | ||||
| Revenue Bonds | ||||
| Series 2021A-1 | ||||
| 12/01/2051 | 4.125% | 4,000,000 | 2,722,105 | |
| Total | 50,769,525 | |||
| Connecticut 0.5% | ||||
| Connecticut State Health & Educational Facility Authority(e) | ||||
| Revenue Bonds | ||||
| Church Home of Hartford, Inc. Project | ||||
| Series 2016 | ||||
| 09/01/2053 | 5.000% | 1,750,000 | 1,506,401 | |
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Stamford Housing Authority(e) | ||||
| Revenue Bonds | ||||
| The Dogwoods Project | ||||
| BAN Series 2022 | ||||
| 12/01/2027 | 11.000% | 1,000,000 | 1,014,780 | |
| Total | 2,521,181 | |||
| District of Columbia 0.5% | ||||
| District of Columbia | ||||
| Revenue Bonds | ||||
| KIPP DC Project | ||||
| Series 2019 | ||||
| 07/01/2049 | 4.000% | 680,000 | 546,876 | |
| Metropolitan Washington Airports Authority Dulles Toll Road | ||||
| Refunding Revenue Bonds | ||||
| Dulles Metrorail | ||||
| Subordinated Series 2019 | ||||
| 10/01/2049 | 4.000% | 2,275,000 | 2,034,149 | |
| Total | 2,581,025 | |||
| Florida 8.5% | ||||
| Capital Trust Agency, Inc.(e) | ||||
| 04/27/2021 | ||||
| 07/01/2056 | 5.000% | 4,000,000 | 3,541,761 | |
| Revenue Bonds | ||||
| WFCS Portfolio Projects | ||||
| Series 2021A | ||||
| 01/01/2031 | 3.300% | 250,000 | 216,821 | |
| 01/01/2056 | 5.000% | 1,000,000 | 747,075 | |
| Capital Trust Agency, Inc.(e),(f) | ||||
| Revenue Bonds | ||||
| 1st Mortgage - Tapestry Walden Senior Housing Project | ||||
| Series 2017 | ||||
| 07/01/2052 | 0.000% | 3,400,000 | 782,000 | |
| 1st Mortgage Tallahassee Tapestry Senior Housing Project | ||||
| Series 2015 | ||||
| 12/01/2050 | 0.000% | 3,550,000 | 1,162,625 | |
| Capital Trust Agency, Inc.(d),(e) | ||||
| Subordinated | ||||
| 07/01/2061 | 0.000% | 30,000,000 | 1,528,038 | |
| City of Atlantic Beach | ||||
| Revenue Bonds | ||||
| Fleet Landing Project | ||||
| Series 2018A | ||||
| 11/15/2053 | 5.000% | 1,500,000 | 1,261,247 | |
| City of Pompano Beach | ||||
| Revenue Bonds | ||||
| John Knox Village Project | ||||
| Series 2021A | ||||
| 09/01/2056 | 4.000% | 1,835,000 | 1,307,759 | |
| 4 | Columbia High Yield Municipal Fund | Third Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| City of Tampa(d) | ||||
| Revenue Bonds | ||||
| Series 2020A | ||||
| 09/01/2053 | 0.000% | 1,800,000 | 376,269 | |
| County of Miami-Dade(d) | ||||
| Revenue Bonds | ||||
| Capital Appreciation | ||||
| Subordinated Series 2009B | ||||
| 10/01/2041 | 0.000% | 10,000,000 | 4,197,375 | |
| County of Osceola Transportation(d) | ||||
| Refunding Revenue Bonds | ||||
| Osceola Parkway Toll Facility | ||||
| Series 2019A-2 | ||||
| 10/01/2049 | 0.000% | 1,700,000 | 362,425 | |
| Series 2020A-2 | ||||
| 10/01/2046 | 0.000% | 3,175,000 | 821,186 | |
| 10/01/2048 | 0.000% | 2,000,000 | 454,384 | |
| Florida Development Finance Corp. | ||||
| Prerefunded 06/15/23 Revenue Bonds | ||||
| Renaissance Charter School | ||||
| Series 2013A | ||||
| 06/15/2044 | 8.500% | 1,500,000 | 1,520,748 | |
| Florida Development Finance Corp.(e) | ||||
| Refunding Revenue Bonds | ||||
| Glenridge on Palmer Ranch Project (The) | ||||
| Series 2021 | ||||
| 06/01/2051 | 5.000% | 2,000,000 | 1,590,259 | |
| Mayflower Retirement Community Project (The) | ||||
| Series 2021 | ||||
| 06/01/2055 | 4.000% | 1,500,000 | 993,357 | |
| Renaissance Charter School | ||||
| Series 2020 | ||||
| 09/15/2050 | 5.000% | 2,200,000 | 1,744,182 | |
| Revenue Bonds | ||||
| Cornerstone Charter Academy Project | ||||
| Series 2022 | ||||
| 10/01/2052 | 5.125% | 1,000,000 | 920,879 | |
| 10/01/2056 | 5.250% | 1,900,000 | 1,751,392 | |
| Discovery High School Project | ||||
| Series 2020 | ||||
| 06/01/2055 | 5.000% | 2,000,000 | 1,716,021 | |
| Renaissance Charter School | ||||
| Series 2015 | ||||
| 06/15/2046 | 6.125% | 4,900,000 | 4,909,259 | |
| Lee County Industrial Development Authority | ||||
| Revenue Bonds | ||||
| Cypress Cove at HealthPark Florida, Inc. Project | ||||
| Series 2022 | ||||
| 10/01/2057 | 5.250% | 3,000,000 | 2,514,586 | |
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Palm Beach County Health Facilities Authority | ||||
| Refunding Revenue Bonds | ||||
| Toby & Leon Cooperman Sinai Residences of Boca Raton | ||||
| Series 2022 | ||||
| 06/01/2056 | 4.250% | 4,000,000 | 2,911,216 | |
| Polk County Industrial Development Authority | ||||
| Refunding Revenue Bonds | ||||
| Carpenter’s Home Estates, Inc. | ||||
| Series 2019 | ||||
| 01/01/2055 | 5.000% | 2,615,000 | 2,190,572 | |
| Seminole County Industrial Development Authority | ||||
| Refunding Revenue Bonds | ||||
| Legacy Pointe at UCF Project | ||||
| Series 2019 | ||||
| 11/15/2054 | 5.750% | 2,525,000 | 2,108,110 | |
| Seminole County Industrial Development Authority(e) | ||||
| Revenue Bonds | ||||
| Galileo Schools for Gifted Learning Project | ||||
| Series 2021 | ||||
| 06/15/2051 | 4.000% | 830,000 | 619,761 | |
| 06/15/2056 | 4.000% | 1,410,000 | 1,015,017 | |
| Westridge Community Development District | ||||
| Special Assessment Bonds | ||||
| Series 2005 | ||||
| 05/01/2037 | 5.800% | 285,000 | 285,036 | |
| Total | 43,549,360 | |||
| Georgia 1.7% | ||||
| Floyd County Development Authority | ||||
| Revenue Bonds | ||||
| Spires Berry College Project | ||||
| Series 2018 | ||||
| 12/01/2048 | 6.250% | 1,500,000 | 1,419,278 | |
| Georgia State Road & Tollway Authority(e),(g) | ||||
| Prerefunded 06/01/24 Revenue Bonds | ||||
| I-75 S Expressway | ||||
| Series 2014S | ||||
| 06/01/2049 | 0.000% | 4,600,000 | 4,635,431 | |
| Oconee County Industrial Development Authority | ||||
| Revenue Bonds | ||||
| Presbyterian Village Athens Project | ||||
| Series 2018 | ||||
| 12/01/2053 | 6.375% | 3,000,000 | 2,552,361 | |
| Total | 8,607,070 | |||
| Idaho 1.0% | ||||
| Idaho Health Facilities Authority | ||||
| Revenue Bonds | ||||
| Terraces of Boise Project | ||||
| Series 2014 | ||||
| 10/01/2056 | 4.550% | 4,000,000 | 2,769,801 | |
| Columbia High Yield Municipal Fund | Third Quarter Report 2023 | 5 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Spring Valley Community Infrastructure District No. 1(e) | ||||
| Special Assessment Bonds | ||||
| Series 2021 | ||||
| 09/01/2051 | 3.750% | 3,000,000 | 2,166,236 | |
| Total | 4,936,037 | |||
| Illinois 9.8% | ||||
| Chicago Board of Education(e) | ||||
| Unlimited General Obligation Bonds | ||||
| Dedicated | ||||
| Series 2017A | ||||
| 12/01/2046 | 7.000% | 3,000,000 | 3,231,911 | |
| Chicago Board of Education | ||||
| Unlimited General Obligation Bonds | ||||
| Dedicated | ||||
| Series 2017H | ||||
| 12/01/2036 | 5.000% | 1,665,000 | 1,668,811 | |
| Project | ||||
| Series 2015C | ||||
| 12/01/2039 | 5.250% | 2,000,000 | 1,932,818 | |
| Series 2012A | ||||
| 12/01/2042 | 5.000% | 1,000,000 | 942,441 | |
| Series 2016B | ||||
| 12/01/2046 | 6.500% | 1,500,000 | 1,573,713 | |
| Series 2018D | ||||
| 12/01/2046 | 5.000% | 5,000,000 | 4,670,346 | |
| Series 2022A | ||||
| 12/01/2047 | 4.000% | 6,000,000 | 4,864,697 | |
| Unlimited General Obligation Refunding Bonds | ||||
| Series 2018A (AGM) | ||||
| 12/01/2035 | 5.000% | 500,000 | 517,065 | |
| Chicago O’Hare International Airport(c) | ||||
| Revenue Bonds | ||||
| TriPs Obligated Group | ||||
| Series 2018 | ||||
| 07/01/2048 | 5.000% | 800,000 | 788,953 | |
| City of Chicago | ||||
| Unlimited General Obligation Bonds | ||||
| Series 2017A | ||||
| 01/01/2038 | 6.000% | 3,235,000 | 3,393,322 | |
| Unlimited General Obligation Refunding Bonds | ||||
| Series 2007F | ||||
| 01/01/2042 | 5.500% | 1,000,000 | 1,008,926 | |
| Du Page County Special Service Area No. 31 | ||||
| Special Tax Bonds | ||||
| Monarch Landing Project | ||||
| Series 2006 | ||||
| 03/01/2036 | 5.625% | 648,000 | 632,234 | |
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Illinois Finance Authority(e) | ||||
| Refunding Revenue Bonds | ||||
| DePaul College Prep Foundation | ||||
| Series 2023 | ||||
| 08/01/2053 | 5.625% | 1,000,000 | 970,904 | |
| Metropolitan Pier & Exposition Authority | ||||
| Refunding Revenue Bonds | ||||
| McCormick Place Expansion Project | ||||
| Series 2020 | ||||
| 06/15/2050 | 4.000% | 1,200,000 | 970,933 | |
| Revenue Bonds | ||||
| McCormick Place Expansion Project | ||||
| Series 2017 | ||||
| 06/15/2057 | 5.000% | 1,250,000 | 1,208,156 | |
| Metropolitan Pier & Exposition Authority(d) | ||||
| Refunding Revenue Bonds | ||||
| McCormick Place Expansion Project | ||||
| Series 2022 | ||||
| 12/15/2037 | 0.000% | 2,700,000 | 1,286,295 | |
| 06/15/2038 | 0.000% | 3,000,000 | 1,385,036 | |
| State of Illinois | ||||
| Unlimited General Obligation Bonds | ||||
| Series 2017A | ||||
| 12/01/2035 | 5.000% | 1,345,000 | 1,385,116 | |
| 12/01/2038 | 5.000% | 3,000,000 | 3,063,750 | |
| Series 2018A | ||||
| 05/01/2032 | 5.000% | 2,500,000 | 2,607,141 | |
| 05/01/2041 | 5.000% | 3,910,000 | 3,974,135 | |
| 05/01/2043 | 5.000% | 3,000,000 | 3,033,796 | |
| Series 2020 | ||||
| 05/01/2039 | 5.500% | 570,000 | 605,600 | |
| 05/01/2045 | 5.750% | 750,000 | 794,920 | |
| Series 2022A | ||||
| 03/01/2047 | 5.500% | 2,700,000 | 2,832,251 | |
| Village of Lincolnshire | ||||
| Special Tax Bonds | ||||
| Sedgebrook Project | ||||
| Series 2004 | ||||
| 03/01/2034 | 6.250% | 557,000 | 557,358 | |
| Total | 49,900,628 | |||
| Iowa 3.2% | ||||
| Iowa Finance Authority(g) | ||||
| Prerefunded 11/15/24 Revenue Bonds | ||||
| Deerfield Retirement Community | ||||
| Series 2014 | ||||
| 11/15/2046 | 5.400% | 1,931,669 | 1,986,722 | |
| Iowa Finance Authority | ||||
| Refunding Revenue Bonds | ||||
| Iowa Fertilizer Co. Project | ||||
| Series 2022 | ||||
| 12/01/2050 | 5.000% | 2,700,000 | 2,628,662 | |
| 6 | Columbia High Yield Municipal Fund | Third Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Lifespace Communities, Inc. | ||||
| Series 2021 | ||||
| 05/15/2053 | 4.000% | 4,000,000 | 2,496,490 | |
| Revenue Bonds | ||||
| Lifespace Communities, Inc. | ||||
| Series 2018A | ||||
| 05/15/2043 | 5.000% | 1,740,000 | 1,377,591 | |
| PHS Council Bluffs, Inc. Project | ||||
| Series 2018 | ||||
| 08/01/2055 | 5.250% | 3,200,000 | 2,423,835 | |
| Iowa Tobacco Settlement Authority(d) | ||||
| Refunding Revenue Bonds | ||||
| Series 2021B-2 | ||||
| 06/01/2065 | 0.000% | 50,000,000 | 5,373,160 | |
| Total | 16,286,460 | |||
| Kansas 1.1% | ||||
| City of Overland Park | ||||
| Revenue Bonds | ||||
| Prairiefire-Lionsgate Project | ||||
| Series 2012 | ||||
| 12/15/2032 | 6.000% | 6,000,000 | 2,642,106 | |
| Wyandotte County-Kansas City Unified Government | ||||
| Revenue Bonds | ||||
| Legends Village West Project | ||||
| Series 2006 | ||||
| 10/01/2028 | 4.875% | 3,000,000 | 2,856,802 | |
| Total | 5,498,908 | |||
| Kentucky 0.7% | ||||
| City of Henderson(c),(e) | ||||
| Revenue Bonds | ||||
| Pratt Paper LLC Project | ||||
| Series 2022 | ||||
| 01/01/2052 | 4.700% | 3,000,000 | 2,819,594 | |
| Kentucky Economic Development Finance Authority | ||||
| Refunding Revenue Bonds | ||||
| Owensboro Health | ||||
| Series 2017A | ||||
| 06/01/2045 | 5.000% | 1,000,000 | 1,001,903 | |
| Total | 3,821,497 | |||
| Louisiana 1.5% | ||||
| Louisiana Public Facilities Authority | ||||
| Prerefunded 05/15/26 Revenue Bonds | ||||
| Ochsner Clinic Foundation Project | ||||
| Series 2016 | ||||
| 05/15/2034 | 5.000% | 25,000 | 26,404 | |
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Louisiana Public Facilities Authority(c) | ||||
| Revenue Bonds | ||||
| Impala Warehousing LLC Project | ||||
| Series 2013 | ||||
| 07/01/2036 | 6.500% | 3,420,000 | 3,434,375 | |
| Parish of St. James(e) | ||||
| Revenue Bonds | ||||
| NuStar Logistics LP Project | ||||
| Series 2020-2 | ||||
| 07/01/2040 | 6.350% | 3,750,000 | 4,040,089 | |
| Total | 7,500,868 | |||
| Maryland 0.8% | ||||
| Maryland Economic Development Corp.(c) | ||||
| Revenue Bonds | ||||
| Green Bonds - Purple Line Light Rail Project | ||||
| Series 2022 | ||||
| 06/30/2055 | 5.250% | 2,000,000 | 2,000,020 | |
| Maryland Economic Development Corp. | ||||
| Tax Allocation Bonds | ||||
| Port Covington Project | ||||
| Series 2020 | ||||
| 09/01/2050 | 4.000% | 2,700,000 | 2,165,010 | |
| Total | 4,165,030 | |||
| Massachusetts 1.0% | ||||
| Massachusetts Development Finance Agency(e) | ||||
| Refunding Revenue Bonds | ||||
| NewBridge on the Charles, Inc. | ||||
| Series 2017 | ||||
| 10/01/2057 | 5.000% | 2,000,000 | 1,854,650 | |
| Revenue Bonds | ||||
| Linden Ponds, Inc. Facility | ||||
| Series 2018 | ||||
| 11/15/2046 | 5.125% | 2,000,000 | 2,023,612 | |
| Massachusetts Educational Financing Authority(c) | ||||
| Refunding Revenue Bonds | ||||
| Issue K | ||||
| Subordinated Series 2017B | ||||
| 07/01/2046 | 4.250% | 1,500,000 | 1,384,986 | |
| Total | 5,263,248 | |||
| Michigan 0.7% | ||||
| Michigan Finance Authority(d) | ||||
| Refunding Revenue Bonds | ||||
| Senior Series 2020B-2 Class 2 | ||||
| 06/01/2065 | 0.000% | 37,500,000 | 3,504,450 | |
| Columbia High Yield Municipal Fund | Third Quarter Report 2023 | 7 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Minnesota 0.7% | ||||
| City of Crookston | ||||
| Revenue Bonds | ||||
| Riverview Health Project | ||||
| Series 2019 | ||||
| 05/01/2044 | 5.000% | 500,000 | 422,482 | |
| 05/01/2051 | 5.000% | 1,500,000 | 1,220,736 | |
| St. Cloud Housing & Redevelopment Authority(f) | ||||
| Revenue Bonds | ||||
| Sanctuary St. Cloud Project | ||||
| Series 2016A | ||||
| 08/01/2036 | 0.000% | 2,245,000 | 1,908,250 | |
| Total | 3,551,468 | |||
| Missouri 1.1% | ||||
| Kansas City Industrial Development Authority(e) | ||||
| Revenue Bonds | ||||
| Platte Purchase Project | ||||
| Series 2019A | ||||
| 07/01/2040 | 5.000% | 1,800,000 | 1,533,234 | |
| Kirkwood Industrial Development Authority | ||||
| Refunding Revenue Bonds | ||||
| Aberdeen Heights Project | ||||
| Series 2017 | ||||
| 05/15/2050 | 5.250% | 1,500,000 | 1,230,875 | |
| St. Louis County Industrial Development Authority | ||||
| Refunding Revenue Bonds | ||||
| St. Andrews Residence for Seniors | ||||
| Series 2015 | ||||
| 12/01/2045 | 5.125% | 3,000,000 | 2,745,684 | |
| Total | 5,509,793 | |||
| Montana 0.2% | ||||
| City of Kalispell | ||||
| Refunding Revenue Bonds | ||||
| Immanuel Lutheran Corp. Project | ||||
| Series 2017 | ||||
| 05/15/2047 | 5.250% | 1,500,000 | 1,219,625 | |
| Nevada 1.1% | ||||
| City of Reno(d),(e) | ||||
| Refunding Revenue Bonds | ||||
| Retrac-Reno Transportation Rail Access Corridor Project | ||||
| Series 2018 | ||||
| 07/01/2058 | 0.000% | 16,000,000 | 1,973,606 | |
| State of Nevada Department of Business & Industry(e) | ||||
| Revenue Bonds | ||||
| Somerset Academy | ||||
| Series 2015A | ||||
| 12/15/2045 | 5.125% | 2,515,000 | 2,349,795 | |
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Series 2018A | ||||
| 12/15/2048 | 5.000% | 1,500,000 | 1,355,161 | |
| Total | 5,678,562 | |||
| New Hampshire 0.8% | ||||
| New Hampshire Business Finance Authority(e) | ||||
| Revenue Bonds | ||||
| The Vista Project | ||||
| Series 2019A | ||||
| 07/01/2054 | 5.750% | 3,750,000 | 3,402,981 | |
| New Hampshire Health and Education Facilities Authority Act(f) | ||||
| Revenue Bonds | ||||
| Hillside Village | ||||
| Series 2017A | ||||
| 07/01/2052 | 0.000% | 2,086,966 | 459,133 | |
| Total | 3,862,114 | |||
| New Jersey 2.5% | ||||
| Camden County Improvement Authority (The) | ||||
| Revenue Bonds | ||||
| Social Bonds - Cooper Norcross Academy | ||||
| Series 2022 | ||||
| 06/15/2062 | 6.000% | 1,000,000 | 1,039,642 | |
| City of Newark Mass Transit Access Tax | ||||
| Revenue Bonds | ||||
| Mulberry Pedestrian Bridge Redevelopment Project | ||||
| Series 2022 (AGM) | ||||
| 11/15/2062 | 6.000% | 1,000,000 | 1,121,081 | |
| Middlesex County Improvement Authority(f) | ||||
| Revenue Bonds | ||||
| Heldrich Center Hotel | ||||
| Series 2005C | ||||
| 01/01/2037 | 0.000% | 1,250,000 | 13 | |
| New Jersey Economic Development Authority | ||||
| Prerefunded 06/15/25 Revenue Bonds | ||||
| Series 2015WW | ||||
| 06/15/2040 | 5.250% | 350,000 | 365,893 | |
| New Jersey Economic Development Authority(c) | ||||
| Revenue Bonds | ||||
| UMM Energy Partners LLC | ||||
| Series 2012A | ||||
| 06/15/2043 | 5.125% | 2,000,000 | 2,000,104 | |
| New Jersey Higher Education Student Assistance Authority(c) | ||||
| Revenue Bonds | ||||
| Subordinated Series 2013-1B | ||||
| 12/01/2043 | 4.750% | 5,000,000 | 4,793,442 | |
| Passaic County Improvement Authority (The)(h) | ||||
| Revenue Bonds | ||||
| Paterson Arts and Science Charter School Project | ||||
| Series 2023 | ||||
| 07/01/2053 | 5.375% | 1,000,000 | 1,004,311 | |
| 07/01/2058 | 5.500% | 1,000,000 | 1,005,943 | |
| 8 | Columbia High Yield Municipal Fund | Third Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| South Jersey Port Corp.(c) | ||||
| Revenue Bonds | ||||
| Marine Terminal | ||||
| Subordinated Series 2017B | ||||
| 01/01/2048 | 5.000% | 600,000 | 603,610 | |
| Tobacco Settlement Financing Corp. | ||||
| Refunding Revenue Bonds | ||||
| Subordinated Series 2018B | ||||
| 06/01/2046 | 5.000% | 1,025,000 | 1,013,393 | |
| Total | 12,947,432 | |||
| New York 5.1% | ||||
| Build NYC Resource Corp. | ||||
| Revenue Bonds | ||||
| International Leadership Charter School | ||||
| Series 2013 | ||||
| 07/01/2043 | 6.000% | 4,330,000 | 4,329,994 | |
| Build NYC Resource Corp.(e) | ||||
| Revenue Bonds | ||||
| International Leadership Charter School | ||||
| Series 2016 | ||||
| 07/01/2046 | 6.250% | 715,000 | 716,835 | |
| Social Bonds - East Harlem Scholars Academy Charter School Project | ||||
| Series 2022 | ||||
| 06/01/2062 | 5.750% | 500,000 | 502,595 | |
| Glen Cove Local Economic Assistance Corp.(g) | ||||
| Revenue Bonds | ||||
| Garvies Point | ||||
| Series 2016 CABS | ||||
| 01/01/2055 | 0.000% | 2,500,000 | 2,107,596 | |
| Huntington Local Development Corp. | ||||
| Revenue Bonds | ||||
| Fountaingate Garden Project | ||||
| Series 2021A | ||||
| 07/01/2056 | 5.250% | 1,500,000 | 1,144,114 | |
| Jefferson County Industrial Development Agency(c),(e),(f) | ||||
| Revenue Bonds | ||||
| ReEnergy Black River LLC P | ||||
| Series 2019 | ||||
| 01/01/2024 | 0.000% | 1,620,000 | 648,000 | |
| Metropolitan Transportation Authority | ||||
| Revenue Bonds | ||||
| Green Bonds | ||||
| Series 2020C-1 | ||||
| 11/15/2055 | 5.250% | 4,000,000 | 4,092,819 | |
| Nassau County Tobacco Settlement Corp.(d) | ||||
| Asset-Backed Revenue Bonds | ||||
| Capital Appreciation | ||||
| Third Series 2006D | ||||
| 06/01/2060 | 0.000% | 25,000,000 | 1,352,683 | |
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| New York State Thruway Authority | ||||
| Refunding Revenue Bonds | ||||
| Personal Income Tax - Bidding Group | ||||
| Series 2022A | ||||
| 03/15/2050 | 4.000% | 3,000,000 | 2,803,870 | |
| New York Transportation Development Corp.(c) | ||||
| Refunding Revenue Bonds | ||||
| John F. Kennedy International Airport Project | ||||
| Series 2020 | ||||
| 08/01/2036 | 5.375% | 1,250,000 | 1,260,817 | |
| Revenue Bonds | ||||
| Delta Air Lines, Inc. LaGuardia | ||||
| Series 2020 | ||||
| 10/01/2040 | 5.000% | 2,500,000 | 2,488,324 | |
| 10/01/2045 | 4.375% | 2,500,000 | 2,264,725 | |
| Westchester County Local Development Corp.(e) | ||||
| Revenue Bonds | ||||
| Purchase Senior Learning Community | ||||
| Series 2021 | ||||
| 07/01/2056 | 5.000% | 3,000,000 | 2,208,034 | |
| Total | 25,920,406 | |||
| North Carolina 0.8% | ||||
| North Carolina Medical Care Commission | ||||
| Refunding Revenue Bonds | ||||
| Sharon Towers | ||||
| Series 2019 | ||||
| 07/01/2049 | 5.000% | 1,000,000 | 895,073 | |
| Revenue Bonds | ||||
| Lutheran Services for the Aging | ||||
| Series 2021 | ||||
| 03/01/2051 | 4.000% | 1,500,000 | 1,042,819 | |
| North Carolina Turnpike Authority(d) | ||||
| Revenue Bonds | ||||
| Triangle Expressway System Appropriation | ||||
| Series 2019 | ||||
| 01/01/2049 | 0.000% | 2,500,000 | 733,934 | |
| North Carolina Turnpike Authority | ||||
| Revenue Bonds | ||||
| Triangle Expressway System Senior Lien Turnpike | ||||
| Series 2019 | ||||
| 01/01/2055 | 4.000% | 1,400,000 | 1,234,991 | |
| Total | 3,906,817 | |||
| Ohio 3.1% | ||||
| Buckeye Tobacco Settlement Financing Authority | ||||
| Refunding Senior Revenue Bonds | ||||
| Series 2020B-2 | ||||
| 06/01/2055 | 5.000% | 11,370,000 | 10,324,665 | |
| Columbia High Yield Municipal Fund | Third Quarter Report 2023 | 9 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| County of Marion | ||||
| Refunding Revenue Bonds | ||||
| United Church Homes, Inc. | ||||
| Series 2019 | ||||
| 12/01/2049 | 5.125% | 1,875,000 | 1,604,585 | |
| Hickory Chase Community Authority(e) | ||||
| Refunding Revenue Bonds | ||||
| Hickory Chase Project | ||||
| Series 2019 | ||||
| 12/01/2040 | 5.000% | 1,360,000 | 1,217,236 | |
| Lake County Port & Economic Development Authority(e),(f) | ||||
| Revenue Bonds | ||||
| 1st Mortgage - Tapestry Wickliffe LLC | ||||
| Series 2017 | ||||
| 12/01/2052 | 0.000% | 5,600,000 | 1,624,000 | |
| Ohio Air Quality Development Authority(c) | ||||
| Revenue Bonds | ||||
| Ohio Valley Electric Crop. | ||||
| Series 2019 (Mandatory Put 10/01/29) | ||||
| 06/01/2041 | 2.600% | 500,000 | 439,320 | |
| Ohio Air Quality Development Authority(c),(e) | ||||
| Revenue Bonds | ||||
| Pratt Paper LLC Project | ||||
| Series 2017 | ||||
| 01/15/2048 | 4.500% | 500,000 | 464,614 | |
| Total | 15,674,420 | |||
| Oregon 0.8% | ||||
| Clackamas County Hospital Facility Authority | ||||
| Revenue Bonds | ||||
| Mary’s Woods at Marylhurst, Inc. | ||||
| Series 2018 | ||||
| 05/15/2052 | 5.000% | 1,000,000 | 827,280 | |
| Hospital Facilities Authority of Multnomah County | ||||
| Refunding Revenue Bonds | ||||
| Mirabella at South Waterfront | ||||
| Series 2014A | ||||
| 10/01/2049 | 5.500% | 3,115,000 | 2,744,475 | |
| State of Oregon Housing & Community Services Department | ||||
| Revenue Bonds | ||||
| Single Family Mortgage Program | ||||
| Series 2018C | ||||
| 07/01/2043 | 3.950% | 775,000 | 745,689 | |
| Total | 4,317,444 | |||
| Pennsylvania 3.9% | ||||
| Allentown Neighborhood Improvement Zone Development Authority(e) | ||||
| Revenue Bonds | ||||
| City Center Project | ||||
| Subordinated Series 2022 | ||||
| 05/01/2042 | 5.250% | 3,000,000 | 2,908,156 | |
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Commonwealth Financing Authority | ||||
| Revenue Bonds | ||||
| Tobacco Master Settlement Payment | ||||
| Series 2018 (AGM) | ||||
| 06/01/2039 | 4.000% | 1,365,000 | 1,327,722 | |
| Commonwealth of Pennsylvania | ||||
| Refunding Certificate of Participation | ||||
| Series 2018A | ||||
| 07/01/2046 | 4.000% | 2,500,000 | 2,276,784 | |
| Dauphin County Industrial Development Authority(c) | ||||
| Revenue Bonds | ||||
| Dauphin Consolidated Water Supply | ||||
| Series 1992A | ||||
| 06/01/2024 | 6.900% | 3,200,000 | 3,327,962 | |
| Franklin County Industrial Development Authority | ||||
| Refunding Revenue Bonds | ||||
| Menno-Haven, Inc. Project | ||||
| Series 2018 | ||||
| 12/01/2053 | 5.000% | 1,900,000 | 1,487,364 | |
| Montgomery County Industrial Development Authority | ||||
| Refunding Revenue Bonds | ||||
| Meadowood Senior Living Project | ||||
| Series 2018 | ||||
| 12/01/2048 | 5.000% | 1,000,000 | 940,660 | |
| Northampton County Industrial Development Authority | ||||
| Refunding Revenue Bonds | ||||
| Morningstar Senior Living, Inc. Project | ||||
| Series 2019 | ||||
| 11/01/2049 | 5.000% | 1,600,000 | 1,352,813 | |
| Pennsylvania Economic Development Financing Authority(e),(f) | ||||
| Refunding Revenue Bonds | ||||
| Tapestry Moon Senior Housing Project | ||||
| Series 2018 | ||||
| 12/01/2053 | 0.000% | 2,750,000 | 1,048,438 | |
| Pennsylvania Economic Development Financing Authority(c) | ||||
| Revenue Bonds | ||||
| The PennDOT Major Bridges Package One Project | ||||
| Series 2022 | ||||
| 06/30/2061 | 6.000% | 1,500,000 | 1,628,754 | |
| Philadelphia Authority for Industrial Development | ||||
| Revenue Bonds | ||||
| 1st Philadelphia Preparatory Charter School | ||||
| Series 2014 | ||||
| 06/15/2033 | 7.000% | 1,870,000 | 1,939,491 | |
| Scranton School District | ||||
| Limited General Obligation Refunding Bonds | ||||
| Series 2017D (NPFGC) | ||||
| 06/01/2037 | 4.250% | 1,750,000 | 1,759,407 | |
| Total | 19,997,551 | |||
| 10 | Columbia High Yield Municipal Fund | Third Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Puerto Rico 6.1% | ||||
| Commonwealth of Puerto Rico(d),(i) | ||||
| Revenue Notes | ||||
| Series 2022 | ||||
| 11/01/2051 | 0.000% | 3,001,691 | 1,309,488 | |
| Subordinated Series 2022 | ||||
| 11/01/2043 | 0.000% | 2,384,607 | 1,025,381 | |
| Unlimited General Obligation Bonds | ||||
| Series 2021A | ||||
| 07/01/2024 | 0.000% | 168,169 | 157,781 | |
| Commonwealth of Puerto Rico(i) | ||||
| Unlimited General Obligation Bonds | ||||
| Series 2021-A1 | ||||
| 07/01/2033 | 4.000% | 503,640 | 450,183 | |
| 07/01/2035 | 4.000% | 452,705 | 395,409 | |
| 07/01/2037 | 4.000% | 388,540 | 331,246 | |
| 07/01/2041 | 4.000% | 528,266 | 434,786 | |
| 07/01/2046 | 4.000% | 1,719,389 | 1,363,452 | |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority(i) | ||||
| Refunding Revenue Bonds | ||||
| Senior Lien | ||||
| Series 2020A | ||||
| 07/01/2047 | 5.000% | 3,000,000 | 2,885,458 | |
| Puerto Rico Electric Power Authority(f),(i) | ||||
| Revenue Bonds | ||||
| Series 2007TT | ||||
| 07/01/2037 | 0.000% | 2,000,000 | 1,390,000 | |
| Series 2010XX | ||||
| 07/01/2040 | 0.000% | 8,500,000 | 5,950,000 | |
| Puerto Rico Highway & Transportation Authority(d),(i) | ||||
| Revenue Bonds | ||||
| Series 2022B | ||||
| 07/01/2032 | 0.000% | 306,982 | 191,480 | |
| Series 2022C | ||||
| 07/01/2053 | 0.000% | 525,123 | 290,220 | |
| Puerto Rico Sales Tax Financing Corp.(d),(i) | ||||
| Revenue Bonds | ||||
| Series 2018A-1 | ||||
| 07/01/2046 | 0.000% | 44,000,000 | 11,221,320 | |
| Puerto Rico Sales Tax Financing Corp.(i) | ||||
| Revenue Bonds | ||||
| Series 2019A1 | ||||
| 07/01/2058 | 5.000% | 4,000,000 | 3,701,200 | |
| Total | 31,097,404 | |||
| South Carolina 2.2% | ||||
| South Carolina Jobs-Economic Development Authority | ||||
| Prerefunded 11/01/24 Revenue Bonds | ||||
| York Preparatory Academy Project | ||||
| Series 2014A | ||||
| 11/01/2045 | 7.250% | 4,000,000 | 4,243,817 | |
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Revenue Bonds | ||||
| Lutheran Homes of South Carolina, Inc. Obligation Group | ||||
| Series 2013 | ||||
| 05/01/2043 | 5.000% | 750,000 | 613,599 | |
| 05/01/2048 | 5.125% | 1,500,000 | 1,206,690 | |
| South Carolina Public Service Authority | ||||
| Revenue Bonds | ||||
| Series 2022A | ||||
| 12/01/2052 | 4.000% | 6,000,000 | 5,206,840 | |
| Total | 11,270,946 | |||
| Tennessee 0.6% | ||||
| Shelby County Health Educational & Housing Facilities Board | ||||
| Revenue Bonds | ||||
| Farms at Bailey Station Project (The) | ||||
| Series 2019 | ||||
| 10/01/2059 | 5.750% | 3,750,000 | 2,817,069 | |
| Texas 8.2% | ||||
| Angelina & Neches River Authority(c),(e) | ||||
| Revenue Bonds | ||||
| Jefferson Enterprise Energy LLC Project | ||||
| Series 2021 | ||||
| 12/01/2045 | 7.500% | 3,000,000 | 1,983,690 | |
| Arlington Higher Education Finance Corp. | ||||
| Refunding Revenue Bonds | ||||
| Legacy Traditional Schools | ||||
| Series 2021 | ||||
| 02/15/2056 | 4.500% | 2,330,000 | 1,615,178 | |
| Revenue Bonds | ||||
| Brooks Academies of Texas | ||||
| Series 2021 | ||||
| 01/15/2051 | 5.000% | 2,625,000 | 2,158,945 | |
| Arlington Higher Education Finance Corp.(e) | ||||
| Revenue Bonds | ||||
| Magellan International School | ||||
| Series 2022 | ||||
| 06/01/2062 | 6.375% | 1,750,000 | 1,733,584 | |
| Brazoria County Industrial Development Corp.(c),(e),(g) | ||||
| Revenue Bonds | ||||
| Aleon Renewable Metals LLC Project | ||||
| Series 2022 | ||||
| 06/01/2042 | 10.000% | 2,000,000 | 1,973,968 | |
| City of Houston Airport System(c) | ||||
| Refunding Revenue Bonds | ||||
| United Airlines, Inc. Airport Improvement Projects | ||||
| Series 2020 | ||||
| 07/15/2027 | 5.000% | 2,350,000 | 2,346,650 | |
| Revenue Bonds | ||||
| United Airlines, Inc. Terminal Improvement Projects | ||||
| Series 2021 | ||||
| 07/15/2041 | 4.000% | 2,850,000 | 2,447,536 | |
| Columbia High Yield Municipal Fund | Third Quarter Report 2023 | 11 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Clifton Higher Education Finance Corp. | ||||
| Revenue Bonds | ||||
| International Leadership of Texas | ||||
| Series 2015 | ||||
| 08/15/2045 | 5.750% | 3,500,000 | 3,426,489 | |
| New Hope Cultural Education Facilities Finance Corp.(f) | ||||
| Revenue Bonds | ||||
| Bridgemoor Plano Project | ||||
| Series 2018 | ||||
| 12/01/2053 | 0.000% | 3,500,000 | 3,150,000 | |
| Cardinal Bay, Inc. - Village on the Park/Carriage Inn Project | ||||
| Series 2016 | ||||
| 07/01/2046 | 0.000% | 1,630,000 | 815,000 | |
| Series 2016A-1 | ||||
| 07/01/2046 | 0.000% | 950,000 | 634,125 | |
| New Hope Cultural Education Facilities Finance Corp.(e) | ||||
| Revenue Bonds | ||||
| Cumberland Academy Project | ||||
| Series 2020A | ||||
| 08/15/2050 | 5.000% | 1,000,000 | 898,314 | |
| New Hope Cultural Education Facilities Finance Corp. | ||||
| Revenue Bonds | ||||
| NCCD-College Station Properties LLC | ||||
| Series 2015 | ||||
| 07/01/2035 | 5.000% | 1,000,000 | 850,000 | |
| Series 2015A | ||||
| 07/01/2047 | 5.000% | 1,000,000 | 850,000 | |
| Westminster Project | ||||
| Series 2021 | ||||
| 11/01/2055 | 4.000% | 500,000 | 353,096 | |
| Port Beaumont Navigation District(c),(e) | ||||
| Refunding Revenue Bonds | ||||
| Jefferson Gulf Coast Energy Project | ||||
| Series 2020A | ||||
| 01/01/2050 | 4.000% | 2,000,000 | 1,469,675 | |
| Revenue Bonds | ||||
| Jefferson Gulf Coast Energy Project | ||||
| Series 2021 | ||||
| 01/01/2050 | 3.000% | 1,750,000 | 1,054,035 | |
| Pottsboro Higher Education Finance Corp. | ||||
| Revenue Bonds | ||||
| Series 2016A | ||||
| 08/15/2046 | 5.000% | 1,000,000 | 905,241 | |
| Red River Health Facilities Development Corp. | ||||
| Prerefunded 11/15/24 Revenue Bonds | ||||
| MRC Crossings Project | ||||
| Series 2014A | ||||
| 11/15/2049 | 8.000% | 2,000,000 | 2,151,321 | |
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Sanger Industrial Development Corp.(c),(e),(f) | ||||
| Revenue Bonds | ||||
| Texas Pellets Project | ||||
| Series 2012B | ||||
| 07/01/2038 | 0.000% | 4,950,000 | 1,237,500 | |
| Tarrant County Cultural Education Facilities Finance Corp.(f) | ||||
| Revenue Bonds | ||||
| CC Young Memorial Home | ||||
| Series 2009A | ||||
| 02/15/2038 | 0.000% | 3,000,000 | 1,650,000 | |
| Texas Private Activity Bond Surface Transportation Corp.(c) | ||||
| Revenue Bonds | ||||
| Segment 3C Project | ||||
| Series 2019 | ||||
| 06/30/2058 | 5.000% | 3,300,000 | 3,230,108 | |
| Senior Lien - Blueridge Transportation Group LLC | ||||
| Series 2016 | ||||
| 12/31/2040 | 5.000% | 1,250,000 | 1,250,065 | |
| 12/31/2055 | 5.000% | 3,515,000 | 3,352,126 | |
| Texas Transportation Commission | ||||
| Revenue Bonds | ||||
| State Highway 249 System Toll | ||||
| Series 2019 | ||||
| 08/01/2057 | 5.000% | 500,000 | 491,205 | |
| Total | 42,027,851 | |||
| Utah 2.7% | ||||
| Black Desert Public Infrastructure District(e) | ||||
| Limited General Obligation Bonds | ||||
| Senior Bonds | ||||
| Series 2021A | ||||
| 03/01/2051 | 4.000% | 3,000,000 | 2,223,572 | |
| Downtown East Streetcar Sewer Public Infrastructure District(e) | ||||
| Limited General Obligation Bonds | ||||
| Series 2022A | ||||
| 03/01/2053 | 6.000% | 2,000,000 | 1,965,014 | |
| Mida Golf and Equestrian Center Public Infrastructure District(e) | ||||
| Limited General Obligation Bonds | ||||
| Series 2021 | ||||
| 06/01/2057 | 4.625% | 3,000,000 | 2,221,445 | |
| Red Bridge Public Infrastructure District No. 1(e) | ||||
| Limited General Obligation Bonds | ||||
| Series 2021-1A | ||||
| 02/01/2041 | 4.125% | 500,000 | 383,733 | |
| 02/01/2051 | 4.375% | 1,100,000 | 810,735 | |
| Subordinated Series 2021B | ||||
| 08/15/2051 | 7.375% | 600,000 | 479,793 | |
| UIPA Crossroads Public Infrastructure District(e) | ||||
| Tax Allocation Bonds | ||||
| Series 2021 | ||||
| 06/01/2052 | 4.375% | 4,000,000 | 3,340,558 | |
| 12 | Columbia High Yield Municipal Fund | Third Quarter Report 2023 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Utah Charter School Finance Authority(e) | ||||
| Revenue Bonds | ||||
| Ascent Academies Charter Schools | ||||
| Series 2022 | ||||
| 06/15/2057 | 5.000% | 3,000,000 | 2,350,918 | |
| Total | 13,775,768 | |||
| Virginia 2.6% | ||||
| City of Chesapeake Expressway Toll Road(g) | ||||
| Refunding Revenue Bonds | ||||
| Transportation System | ||||
| Series 2012 | ||||
| 07/15/2040 | 0.000% | 7,530,000 | 7,647,569 | |
| Hanover County Economic Development Authority | ||||
| Refunding Revenue Bonds | ||||
| Covenant Woods | ||||
| Series 2018 | ||||
| 07/01/2051 | 5.000% | 1,200,000 | 1,068,672 | |
| Tobacco Settlement Financing Corp. | ||||
| Revenue Bonds | ||||
| Senior Series 2007B-1 | ||||
| 06/01/2047 | 5.000% | 5,000,000 | 4,660,663 | |
| Total | 13,376,904 | |||
| Washington 2.5% | ||||
| King County Housing Authority | ||||
| Refunding Revenue Bonds | ||||
| Series 2018 | ||||
| 05/01/2038 | 3.750% | 3,295,000 | 3,059,476 | |
| King County Public Hospital District No. 4 | ||||
| Revenue Bonds | ||||
| Series 2015A | ||||
| 12/01/2035 | 6.000% | 1,250,000 | 1,280,904 | |
| 12/01/2045 | 6.250% | 2,500,000 | 2,558,589 | |
| Tacoma Consolidated Local Improvement Districts | ||||
| Special Assessment Bonds | ||||
| No. 65 | ||||
| Series 2013 | ||||
| 04/01/2043 | 5.750% | 1,220,000 | 1,159,085 | |
| Washington State Housing Finance Commission(e) | ||||
| Prerefunded 07/01/25 Revenue Bonds | ||||
| Heron’s Key | ||||
| Series 2015A | ||||
| 07/01/2050 | 7.000% | 3,000,000 | 3,210,588 | |
| Revenue Bonds | ||||
| Transforming Age Projects | ||||
| Series 2019A | ||||
| 01/01/2055 | 5.000% | 1,800,000 | 1,323,440 | |
| Total | 12,592,082 | |||
| Municipal Bonds (continued) | ||||
| Issue Description | Coupon Rate | Principal Amount ($) | Value ($) | |
| Wisconsin 4.7% | ||||
| Public Finance Authority | ||||
| Refunding Revenue Bonds | ||||
| Friends Homes | ||||
| Series 2019 | ||||
| 09/01/2054 | 5.000% | 2,665,000 | 2,289,832 | |
| WakeMed Hospital | ||||
| Series 2019A | ||||
| 10/01/2049 | 4.000% | 4,310,000 | 3,789,580 | |
| Public Finance Authority(e) | ||||
| Refunding Revenue Bonds | ||||
| Mary’s Woods at Marylhurst, Inc. | ||||
| Series 2017 | ||||
| 05/15/2052 | 5.250% | 2,300,000 | 2,006,607 | |
| Revenue Bonds | ||||
| Wonderful Foundations Charter School Portfolio Projects | ||||
| Series 2020 | ||||
| 01/01/2055 | 5.000% | 2,500,000 | 1,875,503 | |
| Public Finance Authority(c) | ||||
| Revenue Bonds | ||||
| Sky Harbour Capital LLC Aviation Facilities Project | ||||
| Series 2021 | ||||
| 07/01/2054 | 4.250% | 5,000,000 | 3,553,922 | |
| Wisconsin Center District(d) | ||||
| Revenue Bonds | ||||
| Junior Dedicated | ||||
| Series 2020D (AGM) | ||||
| 12/15/2060 | 0.000% | 18,000,000 | 2,597,953 | |
| Wisconsin Health & Educational Facilities Authority | ||||
| Refunding Revenue Bonds | ||||
| Cedar Crest, Inc. Project | ||||
| Series 2022 | ||||
| 04/01/2057 | 5.125% | 3,000,000 | 2,326,850 | |
| St. Camillus Health System, Inc. | ||||
| Series 2019 | ||||
| 11/01/2054 | 5.000% | 3,000,000 | 2,323,374 | |
| Revenue Bonds | ||||
| Covenant Communities, Inc. Project | ||||
| Series 2018B | ||||
| 07/01/2053 | 5.000% | 900,000 | 628,843 | |
| PHW Muskego, Inc. Project | ||||
| Series 2021 | ||||
| 10/01/2061 | 4.000% | 4,000,000 | 2,706,556 | |
| Total | 24,099,020 | |||
| Total Municipal Bonds (Cost $600,864,967) | 502,072,188 | |||
| Columbia High Yield Municipal Fund | Third Quarter Report 2023 | 13 |
Portfolio of Investments (continued)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
Columbia High Yield Municipal Fund, February 28, 2023 (Unaudited)
| Money Market Funds 0.0% | ||
| Shares | Value ($) | |
| Dreyfus Tax Exempt Cash Management Fund, Institutional Shares, 3.151%(j) | 106,653 | 106,642 |
| JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares, 2.972%(j) | 24,322 | 24,322 |
| Total Money Market Funds (Cost $130,975) | 130,964 | |
| Total Investments in Securities (Cost $604,795,942) | 506,003,152 | |
| Other Assets & Liabilities, Net | 4,390,385 | |
| Net Assets | $510,393,537 | |
At February 28, 2023, securities
and/or cash totaling $994,500 were pledged as collateral.
Investments in derivatives
| Short futures contracts | ||||||
| Description | Number of contracts | Expiration date | Trading currency | Notional amount | Value/Unrealized appreciation ($) | Value/Unrealized depreciation ($) |
| U.S. Treasury 10-Year Note | (500) | 06/2023 | USD | (55,828,125) | 88,973 | — |
Notes to Portfolio of
Investments
| (a) | The Fund is entitled to receive principal and interest from the guarantor after a day or a week’s notice or upon maturity. The maturity date disclosed represents the final maturity. |
| (b) | Represents a variable rate security where the coupon rate adjusts on specified dates (generally daily or weekly) using the prevailing money market rate. The interest rate shown was the current rate as of February 28, 2023. |
| (c) | Income from this security may be subject to alternative minimum tax. |
| (d) | Zero coupon bond. |
| (e) | 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 February 28, 2023, the total value of these securities amounted to $129,435,239, which represents 25.36% of total net assets. |
| (f) | Represents a security in default. |
| (g) | 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 February 28, 2023. |
| (h) | Represents a security purchased on a when-issued basis. |
| (i) | Municipal obligations include debt obligations issued by or on behalf of territories, possessions, or sovereign nations within the territorial boundaries of the United States. At February 28, 2023, the total value of these securities amounted to $31,097,404, which represents 6.09% of total net assets. |
| (j) | The rate shown is the seven-day current annualized yield at February 28, 2023. |
Abbreviation Legend
| AGM | Assured Guaranty Municipal Corporation |
| BAN | Bond Anticipation Note |
| NPFGC | National Public Finance Guarantee Corporation |
Currency Legend
| USD | US Dollar |
Investments are valued using
policies described in the Notes to Financial Statements in the most recent shareholder report.
| 14 | Columbia High Yield Municipal Fund | Third Quarter Report 2023 |
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3QT161_05_N01_(04/23)