N-CSR 1 f23904d1.htm COLUMBIA FUND SERIES TRUST I Columbia Fund Series Trust I

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 

  

Columbia Funds Series Trust I 

  

(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:  October 31 

  

Date of reporting period:  October 31, 2022 

  

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles. 

  

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100  F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507. 

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

Item 1. Reports to Stockholders. 


Annual Report
October 31, 2022 
Columbia New York Intermediate Municipal Bond Fund
Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value

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

Fund at a Glance
(Unaudited)
Investment objective
The Fund seeks as high a level of current interest income exempt from federal income tax and, to the extent possible, from New York individual income tax, as is consistent with relative stability of principal.
Portfolio management
Paul Fuchs, CFA
Lead Portfolio Manager
Managed Fund since 2012
Douglas Rangel, CFA
Portfolio Manager
Managed the Fund since June 2022
Average annual total returns (%) (for the period ended October 31, 2022)
    Inception 1 Year 5 Years 10 Years
Class A Excluding sales charges 11/25/02 -9.83 0.09 0.98
  Including sales charges   -12.51 -0.52 0.68
Advisor Class* 03/19/13 -9.70 0.32 1.22
Class C Excluding sales charges 11/25/02 -10.31 -0.36 0.54
  Including sales charges   -11.19 -0.36 0.54
Institutional Class 12/31/91 -9.61 0.34 1.24
Institutional 2 Class* 03/01/16 -9.63 0.39 1.27
Institutional 3 Class* 03/01/17 -9.64 0.44 1.28
Class V Excluding sales charges 12/31/91 -9.82 0.17 1.07
  Including sales charges   -14.09 -0.79 0.58
Bloomberg New York 3-15 Year Blend Municipal Bond Index   -9.31 0.46 1.53
Bloomberg 3-15 Year Blend Municipal Bond Index   -9.62 0.64 1.66
Returns for Class A shares are shown with and without the maximum initial sales charge of 3.00%. Returns for Class C shares are shown with and without the 1.00% contingent deferred sales charge for the first year only. Returns for Class V shares are shown with and without the maximum initial sales charge of 4.75%. The Fund’s other share classes are not subject to sales charges and have limited eligibility. Please see the Fund’s prospectus for details. Performance for different share classes will vary based on differences in sales charges and fees associated with each share class. All results shown assume reinvestment of distributions during the period. Returns do not reflect the deduction of taxes that a shareholder may pay on Fund distributions or on the redemption of Fund shares. Performance results reflect the effect of any fee waivers or reimbursements of Fund expenses by Columbia Management Investment Advisers, LLC and/or any of its affiliates. Absent these fee waivers or expense reimbursement arrangements, performance results would have been lower.
The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by contacting your financial intermediary, visiting columbiathreadneedleus.com/investor/ or calling 800.345.6611.
* The returns shown for periods prior to the share class inception date (including returns for the Life of the Fund, if shown, which are since Fund inception) include the returns of the Fund’s oldest share class. Since the Fund launched more than one share class at its inception, Institutional Class shares were used. These returns are adjusted to reflect any higher class-related operating expenses of the newer share classes, as applicable. Please visit columbiathreadneedleus.com/investor/investment-products/mutual-funds/appended-performance for more information.
The Bloomberg New York 3-15 Year Blend Municipal Bond Index tracks investment grade bonds from the state of New York and its municipalities.
The Bloomberg 3-15 Year Blend Municipal Bond Index is an unmanaged index that tracks the performance of municipal bonds issued after December 31, 1990, with remaining maturities between 2 and 17 years and at least $7 million in principal amount outstanding.
Indices are not available for investment, are not professionally managed and do not reflect sales charges, fees, brokerage commissions, taxes or other expenses of investing. Securities in the Fund may not match those in an index.
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
3

Fund at a Glance   (continued)
(Unaudited)
Performance of a hypothetical $10,000 investment (October 31, 2012 — October 31, 2022)
The chart above shows the change in value of a hypothetical $10,000 investment in Class A shares of Columbia New York Intermediate Municipal Bond Fund during the stated time period, and does not reflect the deduction of taxes that a shareholder may pay on Fund distributions or on the redemption of Fund shares.
Quality breakdown (%) (at October 31, 2022)
AAA rating 7.7
AA rating 31.4
A rating 48.4
BBB rating 9.5
B rating 0.4
Not rated 2.6
Total 100.0
Percentages indicated are based upon total fixed income investments.
Bond ratings apply to the underlying holdings of the Fund and not the Fund itself and are divided into categories ranging from highest to lowest credit quality, determined by using the middle rating of Moody’s, S&P and Fitch, after dropping the highest and lowest available ratings. When ratings are available from only two rating agencies, the lower rating is used. When a rating is available from only one rating agency, that rating is used. If a security is not rated but has a rating by Kroll and/or DBRS, the same methodology is applied to those bonds that would otherwise be not rated. When a bond is not rated by any rating agency, it is designated as “Not rated.” Credit quality ratings assigned by a rating agency are subjective opinions, not statements of fact, and are subject to change, including daily. The ratings assigned by credit rating agencies are but one of the considerations that the Investment Manager and/or Fund’s subadviser incorporates into its credit analysis process, along with such other issuer-specific factors as cash flows, capital structure and leverage ratios, ability to de-leverage (repay) through free cash flow, quality of management, market positioning and access to capital, as well as such security-specific factors as the terms of the security (e.g., interest rate and time to maturity) and the amount and type of any collateral.
4 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Manager Discussion of Fund Performance
(Unaudited)
For the 12-month period that ended October 31, 2022, Class A shares of Columbia New York Intermediate Municipal Bond Fund returned -9.83% excluding sales charges. Institutional Class shares of the Fund returned -9.61%. The Fund’s benchmark, the Bloomberg New York 3-15 Year Blend Municipal Bond Index returned -9.31%, and the Bloomberg 3-15 Year Blend Municipal Bond Index, which is national in scope, returned -9.62% for the same time period.
Market overview
With growth and employment seemingly on track as 2021 drew to a close, the U.S. Federal Reserve (Fed) began tapering asset purchases while acknowledging that conditions pushing inflation could last well into 2022. The combination of these market crosswinds served to elevate rate volatility. Municipals were not immune, yet still managed solid outperformance versus Treasuries. A combination of tax revenue outperformance driven by continued economic expansion and additional federal spending left many municipal issuers in relatively healthy fiscal positions to start the new calendar year.
Entering 2022 with relatively full valuations and low absolute yields, however, left little margin for error, and, as messaging from the Fed grew increasingly hawkish, municipals were impacted by rising rates. The first quarter of 2022 closed with the Bloomberg Municipal Bond Index in the worst drawdown since the COVID-19 selloff and the worst first-quarter return since 1980. Negative municipal bond returns precipitated outflows from municipal bond mutual funds, which in turn led to more negative returns.
The municipal bond market continued to sell off as the second quarter began. Interest rate volatility drove persistent outflows, which kept prices from finding a floor despite relative value measures appearing quite attractive. By mid-May, a stabilization of outflows coupled with a recognition of relatively attractive valuations sparked a sharp reversal. Municipal outperformance versus U.S. Treasuries pushed municipal/Treasury yield ratios lower, reversing some of the oversold conditions. This rally proved short-lived though, as June brought with it fresh highs for Treasury yields. Though pressure on Treasuries was most pronounced at the front end, long maturity municipal yields rose more and pressed the municipal curve to its steepest level since March of 2021. While this selloff can still be described primarily as rate-driven, a more pronounced divergence between credit quality emerged, as concerns over slowing growth spilled into municipal sectors.
The national municipal bond market continued to experience volatility in the third quarter of 2022 as yields sold off across the municipal bond curve. Municipal underperformance versus U.S. Treasuries pushed municipal/Treasury yield ratios higher, leaving the long end of the curve particularly attractive relative to long-term averages. Supply was also affected by the relentless volatility, with total year-to-date 2022 issuance at a 14% reduction versus last year, as issuers became increasingly hesitant to test an unsettled market.
As the period ended, performance of the national municipal market was broadly negative across the maturity curve, credit qualities and states, with barely any space producing a positive return in the month of October. The municipal and Treasury markets succumbed to selling pressure late in the month, and municipal funds experienced the worst single-day net asset value (NAV) movement since April 2020. The yield curve continued to steepen. The only area of the curve that experienced a positive total return was the front end. Long duration bonds again felt the brunt of the pain. (Duration is a measure of a bond’s price sensitivity with regard to changes in interest rates.) Long duration remains the greatest underperformer for the period. Credit also experienced a divergence of performance, with higher credit quality bonds outperforming lower credit quality.
Fundamentals across most municipal sectors remain healthy and defaults have been low by historical standards. U.S. states have been sensitive to an economic slowdown/recession and the capital markets’ selloff experienced during the period, but we believe many states are currently well-positioned with relatively high cash balances, ample budget reserves and support from federal aid. Additionally, we believe many states have been managing recent budget surpluses conservatively in anticipation of potential tax revenue weakness in fiscal year 2023.
New York State’s economy has continued to rebound, posting a brisk recovery in 2022 following a lagging performance relative to the United States in 2020 and 2021. Employment remained below pre-pandemic levels, most notably in the accommodation and food service and the retail segments, areas most hard hit by the pandemic shut-downs. In New York City, the slow return to office has led to elevated levels of available office space for lease and sluggish public transport usage. Despite an uptick in passengers on commuter rail lines Metro North and the Long Island Rail Road, the City’s Metropolitan Transportation Authority (MTA), has reported ridership at a stagnant 60% of pre-pandemic levels. Ongoing
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
5

Manager Discussion of Fund Performance  (continued)
(Unaudited)
ridership and financial weakness at the MTA will serve as a fiscal drag on the State as it will likely be required to extend additional financial aid after fiscal year 2024 when federal COVID-19 transit aid is exhausted. However, the State has the financial flexibility to do so.
The overall fiscal health of the State’s credit profile has improved through significant tax revenue outperformance. New York has been prudent with its tax revenue windfall, building up budget reserves to put the State in a healthy position to absorb a slowing economy. New York State has a sound fiscal track record of prudent budget management which is demonstrated by the State’s high credit ratings and below median pension burden from well-funded pension plans. In New York City, the Revenue Stabilization Fund (rainy-day fund) and the Retiree Health Benefit Trust increased to a combined 9.4% of fiscal year 2022 tax revenues, the largest amount the City has set aside in its long-term reserves.
The Fund’s notable detractors during the period
Detracting from performance versus the benchmark was the Fund’s quality profile during the period.
The portfolio was overweight in lower investment-grade A and BBB-rated sectors and issuers.
Concerns around inflation, rising wages and the prospects of a recession in 2023 weighed on lower investment-grade revenue sectors. Rising wages in the health care sector, in particular, contributed to poor performance in the hospital sector. Increasing costs hurt issuers financing new construction projects.
Yield curve positioning in the 2-6 year maturity range was also a detractor from Fund performance.
The Fund was 9% underweight, relative to the benchmark, in bonds maturing in 2 – 6 years. This was disadvantageous, as short maturity bonds outperformed longer maturity bonds. While the Fund does have these differences from its benchmark, its overall curve positioning was relatively neutral.
At the sector level, hospitals, special non-property tax and transportation were poor performers.
Hospitals underperformed due largely to financial strains hospital systems are experiencing from the increased cost to hire nurses.
The Fund’s special non-property tax holdings are largely backed by personal income tax and sales tax. These holdings suffered from being longer intermediate maturities and 4% coupons in some cases, making them more sensitive to the rise in interest rates.
The same is true for the transportation issues in the Fund. They are longer in maturity and the worst performers have 4% coupons.
The Fund’s notable contributors during the period
The Fund’s duration and yield curve positioning were the largest contributors to positive relative performance during the period.
Given the dramatic rise in interest rates, a below benchmark duration posture helped to limit price declines in the portfolio. Over the course of the period, Fund duration averaged roughly a fifth of a year short of the benchmark. However, relative benchmark duration did fluctuate between neutral to as much as four tenths of a year below the benchmark over the course of the year. This translated to less market exposure versus other competitors in the New York intermediate space.
Yield curve positioning was supportive as the Fund was 5% overweight, relative to the benchmark, in bonds maturing in 0 – 2 years and 5% underweight in bonds maturing in 12 – 17 years. This was advantageous as short maturity bonds outperformed longer maturity bonds. While the Fund does have these differences from its benchmark, its overall curve positioning is relatively neutral.
An underweighting to sub-5% coupons, which are more interest-rate sensitive, and an overweighting to pre-refunded bonds, which are of the highest quality and are short in maturity, also contributed to relative results.
At the sector level, local general obligation (GO) bonds, education and continuing care retirement centers (CCRCs) issues posted the strongest returns.
6 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Manager Discussion of Fund Performance  (continued)
(Unaudited)
The better performance in local GOs and education can largely be attributed to having a higher quality profile with many being in the AA category.
Fund holdings in New York CCRCs have experienced good operational results and financial metrics.
Fixed-income securities present issuer default risk. The Fund invests substantially in municipal securities and will be affected by tax, legislative, regulatory, demographic or political changes, as well as changes impacting a state’s financial, economic or other conditions. A relatively small number of tax-exempt issuers may necessitate the Fund investing more heavily in a single issuer and, therefore, be more exposed to the risk of loss than a Fund that invests more broadly. The value of the Fund’s portfolio may be more volatile than a more geographically diversified fund. Prepayment and extension risk exists because the timing of payments on a loan, bond or other investment may accelerate when interest rates fall or decelerate when interest rates rise which may reduce investment opportunities and potential returns. A rise in interest rates may result in a price decline of fixed-income instruments held by the Fund, negatively impacting its performance and NAV. Falling rates may result in the Fund investing in lower yielding debt instruments, lowering the Fund’s income and yield. These risks may be heightened for longer maturity and duration securities. Non-investment-grade (high-yield or junk) securities present greater price volatility and more risk to principal and income than higher rated securities. Market risk may affect a single issuer, sector of the economy, industry or the market as a whole. Federal and state tax rules apply to capital gain distributions and any gains or losses on sales. Income may be subject to state or local taxes. Liquidity risk is associated with the difficulty of selling underlying investments at a desirable time or price. Investing in derivatives is a specialized activity that involves special risks, which may result in significant losses. See the Fund’s prospectus for more information on these and other risks.
The views expressed in this report reflect the current views of the respective parties who have contributed to this report. These views are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, so actual outcomes and results may differ significantly from the views expressed. These views are subject to change at any time based upon economic, market or other conditions and the respective parties disclaim any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Columbia fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any particular Columbia fund. References to specific securities should not be construed as a recommendation or investment advice.
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
7

Understanding Your Fund’s Expenses
(Unaudited)
As an investor, you incur two types of costs. There are shareholder transaction costs, which generally include sales charges on purchases and may include redemption fees. There are also ongoing fund costs, which generally include management fees, distribution and/or service fees, and other fund expenses. The following information is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to help you compare these costs with the ongoing costs of investing in other mutual funds.
Analyzing your Fund’s expenses
To illustrate these ongoing costs, we have provided examples and calculated the expenses paid by investors in each share class of the Fund during the period. The actual and hypothetical information in the table is based on an initial investment of $1,000 at the beginning of the period indicated and held for the entire period. Expense information is calculated two ways and each method provides you with different information. The amount listed in the “Actual” column is calculated using the Fund’s actual operating expenses and total return for the period. You may use the Actual information, together with the amount invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the results by the expenses paid during the period under the “Actual” column. The amount listed in the “Hypothetical” column assumes a 5% annual rate of return before expenses (which is not the Fund’s actual return) and then applies the Fund’s actual expense ratio for the period to the hypothetical return. You should not use the hypothetical account values and expenses to estimate either your actual account balance at the end of the period or the expenses you paid during the period. See “Compare with other funds” below for details on how to use the hypothetical data.
Compare with other funds
Since all mutual funds are required to include the same hypothetical calculations about expenses in shareholder reports, you can use this information to compare the ongoing cost of investing in the Fund with other funds. To do so, compare the hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds. As you compare hypothetical examples of other funds, it is important to note that hypothetical examples are meant to highlight the ongoing costs of investing in a fund only and do not reflect any transaction costs, such as sales charges, or redemption or exchange fees. Therefore, the hypothetical calculations are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. If transaction costs were included in these calculations, your costs would be higher.
May 1, 2022 — October 31, 2022
  Account value at the
beginning of the
period ($)
Account value at the
end of the
period ($)
Expenses paid during
the period ($)
Fund’s annualized
expense ratio (%)
  Actual Hypothetical Actual Hypothetical Actual Hypothetical Actual
Class A 1,000.00 1,000.00 969.80 1,021.79 3.49 3.59 0.70
Advisor Class 1,000.00 1,000.00 970.90 1,023.06 2.25 2.31 0.45
Class C 1,000.00 1,000.00 967.60 1,019.51 5.73 5.89 1.15
Institutional Class 1,000.00 1,000.00 971.00 1,022.96 2.35 2.41 0.47
Institutional 2 Class 1,000.00 1,000.00 971.20 1,023.16 2.15 2.20 0.43
Institutional 3 Class 1,000.00 1,000.00 971.50 1,023.42 1.90 1.95 0.38
Class V 1,000.00 1,000.00 969.40 1,022.30 2.99 3.08 0.60
Expenses paid during the period are equal to the annualized expense ratio for each class as indicated above, multiplied by the average account value over the period and then multiplied by the number of days in the Fund’s most recent fiscal half year and divided by 365.
Expenses do not include fees and expenses incurred indirectly by the Fund from its investment in underlying funds, including affiliated and non-affiliated pooled investment vehicles, such as mutual funds and exchange-traded funds.
Had Columbia Management Investment Advisers, LLC and/or certain of its affiliates not waived/reimbursed certain fees and expenses, account value at the end of the period would have been reduced.
From time to time, the Investment Manager and its affiliates may waive fees and/or reimburse certain expenses of the Fund so that Fund level expenses (expenses directly attributable to the Fund and not to a specific share class) are waived proportionately across all share classes. This arrangement may be revised or terminated at any time without notice. Had the Investment Manager and its affiliates not waived fees and/or reimbursed the expenses of the Fund during the six months ended October 31, 2022, the annualized expense ratios would have been 0.75% for Class A, 0.50% for Advisor Class, 1.20% for Class C, and 0.65% for Class V. The actual expenses paid would have been $3.74 for Class A, $2.50 for Advisor Class, $5.98 for Class C, and $3.24 for Class V; the hypothetical expenses paid would have been $3.84 for Class A, $2.56 for Advisor Class, $6.14 for Class C, and $3.33 for Class V.
Other share classes may have had expense waiver/reimbursement changes; however, the changes were not considered material.
8 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Portfolio of Investments
October 31, 2022
(Percentages represent value of investments compared to net assets)
Investments in securities
Municipal Bonds 97.0%
Issue Description Coupon
Rate
  Principal
Amount ($)
Value ($)
Air Transportation 1.7%
New York Transportation Development Corp.(a)
Refunding Revenue Bonds
American Airlines, Inc. Project
Series 2021
08/01/2031 3.000%   650,000 559,159
Terminal 4 John F. Kennedy International Airport Project
Series 2020
12/01/2036 5.000%   800,000 757,153
12/01/2038 4.000%   300,000 247,335
New York Transportation Development Corp.
Refunding Revenue Bonds
Terminal 4 John F. Kennedy International Airport Project
Series 2020
12/01/2038 5.000%   1,000,000 952,261
Total 2,515,908
Charter Schools 1.3%
Build NYC Resource Corp.
Revenue Bonds
Academic Leadership Charter School Project
Series 2021
06/15/2036 4.000%   200,000 171,851
International Leadership Charter School
Series 2013
07/01/2023 5.000%   390,000 390,782
Build NYC Resource Corp.(b)
Revenue Bonds
International Leadership Charter School
Series 2016
07/01/2046 6.250%   420,000 401,505
Monroe County Industrial Development Corp.(b)
Revenue Bonds
True North Rochester Preparatory Charter School Project
Series 2020
06/01/2040 5.000%   900,000 846,690
Total 1,810,828
Health Services 2.4%
New York State Dormitory Authority
Refunding Revenue Bonds
Icahn School of Medicine at Mount Sinai
Series 2015
07/01/2030 5.000%   3,400,000 3,478,512
Municipal Bonds (continued)
Issue Description Coupon
Rate
  Principal
Amount ($)
Value ($)
Higher Education 6.5%
Build NYC Resource Corp.
Refunding Revenue Bonds
City University of New York-Queens
Series 2014A
06/01/2029 5.000%   225,000 229,384
06/01/2030 5.000%   300,000 305,614
Manhattan College Project
Series 2017
08/01/2033 5.000%   400,000 410,167
County of Saratoga
Revenue Bonds
Skidmore College Project
Series 2018
07/01/2033 5.000%   165,000 171,554
07/01/2034 5.000%   200,000 207,490
07/01/2035 5.000%   200,000 206,932
Dutchess County Local Development Corp.
Refunding Revenue Bonds
Culinary Institute of America (The)
Series 2018
07/01/2032 5.000%   220,000 221,511
Vassar College Project
Series 2017
07/01/2034 5.000%   500,000 517,442
Revenue Bonds
Marist College Project
Series 2015A
07/01/2029 5.000%   1,000,000 1,025,267
Series 2018
07/01/2031 5.000%   170,000 176,372
07/01/2032 5.000%   210,000 216,685
07/01/2033 5.000%   205,000 210,852
New York State Dormitory Authority
Refunding Revenue Bonds
Rochester Institute
Series 2019A
07/01/2036 5.000%   750,000 778,748
St. John’s University
Series 2015A
07/01/2030 5.000%   1,000,000 1,027,926
Teacher’s College
Series 2017
07/01/2029 5.000%   175,000 183,671
07/01/2030 5.000%   150,000 157,199
Revenue Bonds
New York University
Series 2019A
07/01/2037 5.000%   2,000,000 2,106,747
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
9

Portfolio of Investments  (continued)
October 31, 2022
Municipal Bonds (continued)
Issue Description Coupon
Rate
  Principal
Amount ($)
Value ($)
St. Lawrence County Industrial Development Agency
Refunding Revenue Bonds
Clarkson University Project
Series 2021
09/01/2038 5.000%   200,000 199,573
09/01/2039 5.000%   200,000 198,759
Tompkins County Development Corp.
Refunding Revenue Bonds
Ithaca College Project
Series 2018
07/01/2034 5.000%   575,000 596,535
Troy Capital Resource Corp.
Refunding Revenue Bonds
Forward Delivery - Rensselaer Polytechnic Institute Project
Series 2020
09/01/2037 5.000%   250,000 252,950
Total 9,401,378
Hospital 10.7%
County of Saratoga
Revenue Bonds
Saratoga Hospital Project
Series 2013A
12/01/2024 5.000%   1,085,000 1,096,046
12/01/2025 5.000%   1,115,000 1,125,645
Monroe County Industrial Development Corp.
Refunding Revenue Bonds
Highland Hospital Rochester Project
Series 2015
07/01/2025 5.000%   450,000 463,223
07/01/2026 5.000%   350,000 359,240
University of Rochester Project
Series 2017
07/01/2035 4.000%   1,285,000 1,181,070
Revenue Bonds
Rochester General Hospital (The)
Series 2017
12/01/2035 5.000%   1,000,000 1,003,809
Nassau County Local Economic Assistance Corp.
Revenue Bonds
Catholic Health Services of Long Island
Series 2014
07/01/2032 5.000%   1,250,000 1,264,064
07/01/2033 5.000%   675,000 681,352
New York State Dormitory Authority
Refunding Revenue Bonds
Memorial Sloan-Kettering Cancer Center
Series 2017
07/01/2034 4.000%   1,000,000 946,844
Montefiore Obligated Group
Series 2020A
09/01/2037 4.000%   300,000 239,273
Municipal Bonds (continued)
Issue Description Coupon
Rate
  Principal
Amount ($)
Value ($)
North Shore - Long Island Jewish Obligation Group
Series 2015A
05/01/2031 5.000%   3,000,000 3,045,300
NYU Hospitals Center
Series 2014
07/01/2030 5.000%   1,000,000 1,010,838
07/01/2031 5.000%   1,000,000 1,009,830
Revenue Bonds
Memorial Sloan Kettering Cancer Center
Series 2019
07/01/2036 5.000%   1,000,000 1,026,099
New York State Dormitory Authority(b)
Refunding Revenue Bonds
Orange Regional Medical Center
Series 2017
12/01/2031 5.000%   1,000,000 983,076
Total 15,435,709
Local General Obligation 17.5%
City of New York
Unlimited General Obligation Bonds
Fiscal 2020
Series 2019B-1
10/01/2038 5.000%   1,000,000 1,037,869
Subordinated Series 2019H-A
01/01/2035 5.000%   1,500,000 1,569,619
Unlimited General Obligation Refunding Bonds
Series 2014J
08/01/2030 5.000%   1,500,000 1,533,767
Unlimited General Obligation Refunding Notes
Series 2016C
08/01/2032 5.000%   2,000,000 2,062,251
City of Syracuse
Limited General Obligation Refunding Bonds
Series 2015A
03/01/2024 5.000%   1,000,000 1,022,617
City of Yonkers
Limited General Obligation Bonds
Series 2016A (AGM)
11/15/2028 5.000%   1,780,000 1,863,233
Series 2017A (BAM)
09/01/2028 5.000%   2,090,000 2,218,257
County of Allegany
Limited General Obligation Refunding Bonds
Public Improvement
Series 2014 (BAM)
09/15/2028 5.000%   1,375,000 1,412,943
County of Monroe(a)
Limited General Obligation Public Improvement Bonds
Series 2019B (BAM)
06/01/2027 5.000%   1,350,000 1,418,647
 
The accompanying Notes to Financial Statements are an integral part of this statement.
10 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Portfolio of Investments  (continued)
October 31, 2022
Municipal Bonds (continued)
Issue Description Coupon
Rate
  Principal
Amount ($)
Value ($)
County of Nassau
Limited General Obligation Bonds
Series 2017B
04/01/2033 5.000%   2,000,000 2,094,458
County of Rockland
Limited General Obligation Bonds
Series 2014A (AGM)
03/01/2024 5.000%   1,450,000 1,482,224
Monroe County Industrial Development Agency
Revenue Bonds
Rochester Schools Modernization Program
Series 2018
05/01/2034 5.000%   750,000 796,560
New York State Dormitory Authority
Refunding Revenue Bonds
School Districts Bond Financing
Series 2013E (AGM)
10/01/2031 5.000%   500,000 514,384
School Districts Financing Program
Series 2015B (AGM)
10/01/2027 5.000%   2,010,000 2,092,139
Revenue Bonds
School District Building Financing Program
Series 2018
10/01/2032 5.000%   2,000,000 2,090,271
Town of Oyster Bay
Limited General Obligation Refunding & Public Improvement Bonds
Series 2014B
08/15/2023 5.000%   1,850,000 1,876,334
Total 25,085,573
Multi-Family 2.1%
Amherst Development Corp.
Refunding Revenue Bonds
University of Buffalo Student Housing
Series 2017 (AGM)
10/01/2028 5.000%   730,000 779,531
10/01/2029 5.000%   1,290,000 1,375,837
Onondaga County Trust for Cultural Resources
Refunding Revenue Bonds
Abby Lane Housing Corp. Project
Series 2017
05/01/2030 5.000%   420,000 428,293
05/01/2031 5.000%   400,000 407,083
Total 2,990,744
Municipal Power 5.6%
Long Island Power Authority
Refunding Revenue Bonds
Series 2014A
09/01/2034 5.000%   2,000,000 2,040,930
Municipal Bonds (continued)
Issue Description Coupon
Rate
  Principal
Amount ($)
Value ($)
Series 2016B
09/01/2027 5.000%   1,000,000 1,050,835
09/01/2030 5.000%   2,750,000 2,863,778
Revenue Bonds
Electric System General Purpose
Series 2015B
09/01/2032 5.000%   765,000 788,757
General
Series 2017
09/01/2035 5.000%   1,200,000 1,233,181
Total 7,977,481
Nursing Home 0.8%
Monroe County Industrial Development Corp.
Refunding Revenue Bonds
St. Ann’s Community Project
Series 2019
01/01/2030 4.000%   1,325,000 1,140,998
Other Bond Issue 1.6%
Build NYC Resource Corp.
Revenue Bonds
Children’s Aid Society Project (The)
Series 2019
07/01/2036 4.000%   100,000 91,427
Series 2015
07/01/2029 5.000%   545,000 557,940
07/01/2031 5.000%   715,000 730,188
New York Transportation Development Corp.(a)
Revenue Bonds
New York State Thruway Service Areas Project
Series 2021
10/31/2034 4.000%   500,000 445,573
10/31/2041 4.000%   570,000 465,761
Total 2,290,889
Pool / Bond Bank 0.3%
New York State Dormitory Authority
Refunding Revenue Bonds
New School
Series 2015
07/01/2029 5.000%   420,000 428,907
Ports 5.5%
Port Authority of New York & New Jersey
Refunding Revenue Bonds
Consolidated 184th
Series 2014
09/01/2030 5.000%   2,000,000 2,056,998
Consolidated 211th
Series 2018
09/01/2038 4.000%   1,400,000 1,282,685
 
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
11

Portfolio of Investments  (continued)
October 31, 2022
Municipal Bonds (continued)
Issue Description Coupon
Rate
  Principal
Amount ($)
Value ($)
Series 2018-209
07/15/2034 5.000%   2,500,000 2,622,020
Series 2018-211
09/01/2036 5.000%   1,000,000 1,040,140
Port Authority of New York & New Jersey(a)
Revenue Bonds
Consolidated Bonds
Series 221
07/15/2037 4.000%   1,000,000 888,773
Total 7,890,616
Prep School 1.9%
Build NYC Resource Corp.
Refunding Revenue Bonds
Horace Mann School Project
Series 2014
07/01/2026 5.000%   475,000 488,329
07/01/2027 5.000%   600,000 615,364
Series 2015
06/01/2026 5.000%   225,000 231,109
06/01/2028 5.000%   250,000 256,877
Rensselaer County Industrial Development Agency
Refunding Revenue Bonds
Emma Willard School Project
Series 2015A
01/01/2034 5.000%   450,000 463,464
01/01/2035 5.000%   590,000 607,156
Total 2,662,299
Recreation 0.2%
New York City Trust for Cultural Resources
Refunding Revenue Bonds
Carnegie Hall
Series 2019
12/01/2037 5.000%   275,000 292,914
Refunded / Escrowed 5.4%
Build NYC Resource Corp.
Prerefunded 08/01/25 Revenue Bonds
YMCA of Greater New York Project
Series 2015
08/01/2029 5.000%   430,000 448,929
Metropolitan Transportation Authority
Prerefunded 11/15/24 Revenue Bonds
Series 2014C
11/15/2029 5.000%   3,000,000 3,102,817
New York State Dormitory Authority
Prerefunded 07/01/25 Revenue Bonds
Barnard College
Series 2015A
07/01/2030 5.000%   700,000 730,858
Municipal Bonds (continued)
Issue Description Coupon
Rate
  Principal
Amount ($)
Value ($)
New York State Dormitory Authority(c)
Revenue Bonds
Capital Appreciation - Memorial Sloan-Kettering Cancer Center
Series 2003-1 Escrowed to Maturity (NPFGC)
07/01/2025 0.000%   3,750,000 3,427,250
Total 7,709,854
Retirement Communities 3.5%
Brookhaven Local Development Corp.
Refunding Revenue Bonds
Jefferson’s Ferry Project
Series 2016
11/01/2036 5.250%   750,000 756,177
Buffalo & Erie County Industrial Land Development Corp.
Refunding Revenue Bonds
Orchard Park
Series 2015
11/15/2029 5.000%   550,000 555,072
11/15/2030 5.000%   650,000 654,167
Suffolk County Economic Development Corp.
Refunding Revenue Bonds
Peconic Landing at Southhold, Inc.
Series 2020
12/01/2034 5.000%   1,000,000 992,800
Tompkins County Development Corp.
Refunding Revenue Bonds
Kendal at Ithaca, Inc. Project
Series 2014
07/01/2029 5.000%   1,000,000 1,006,593
07/01/2034 5.000%   1,000,000 1,001,829
Total 4,966,638
Single Family 0.1%
State of New York Mortgage Agency
Refunding Revenue Bonds
Series 2018-211
10/01/2038 3.625%   110,000 105,287
Special Non Property Tax 13.1%
New York City Transitional Finance Authority
Refunding Revenue Bonds
Building Aid
Series 2018S-2A
07/15/2036 5.000%   2,000,000 2,071,882
Revenue Bonds
Building Aid
Series 2018S-3
07/15/2034 5.000%   1,000,000 1,045,179
Future Tax Bonds
Subordinated Series 2020C
05/01/2037 4.000%   500,000 464,685
 
The accompanying Notes to Financial Statements are an integral part of this statement.
12 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Portfolio of Investments  (continued)
October 31, 2022
Municipal Bonds (continued)
Issue Description Coupon
Rate
  Principal
Amount ($)
Value ($)
Future Tax Secured
Subordinated Series 2016E-1
02/01/2032 5.000%   3,000,000 3,097,072
Subordinated Series 2019
11/01/2034 5.000%   3,500,000 3,687,612
New York Convention Center Development Corp.
Refunding Revenue Bonds
Hotel Unit Fee Secured
Series 2015
11/15/2027 5.000%   4,120,000 4,239,274
New York State Dormitory Authority
Refunding Revenue Bonds
Education
Series 2005B (AMBAC)
03/15/2026 5.500%   1,000,000 1,065,983
Series 2019A-2
03/15/2035 5.000%   2,000,000 2,086,896
New York State Urban Development Corp.
Refunding Revenue Bonds
State Personal Income Tax
Series 2020C
03/15/2039 4.000%   1,130,000 1,031,308
Total 18,789,891
Special Property Tax 0.7%
Hudson Yards Infrastructure Corp.
Refunding Revenue Bonds
Series 2017A
02/15/2033 5.000%   1,000,000 1,041,867
Tobacco 3.2%
Chautauqua Tobacco Asset Securitization Corp.
Refunding Revenue Bonds
Series 2014
06/01/2029 5.000%   1,745,000 1,673,954
Suffolk Tobacco Asset Securitization Corp.
Refunding Revenue Bonds
Tobacco Settlement Asset-Backed Bonds
Series 2021
06/01/2038 4.000%   1,000,000 877,519
TSASC, Inc.
Refunding Revenue Bonds
Series 2017A
06/01/2031 5.000%   2,000,000 2,039,246
Total 4,590,719
Transportation 5.2%
Metropolitan Transportation Authority
Refunding Revenue Bonds
Climate Bond Certified - Green
Series 2018
11/15/2026 5.000%   2,590,000 2,652,428
Municipal Bonds (continued)
Issue Description Coupon
Rate
  Principal
Amount ($)
Value ($)
Revenue Bonds
Series 2005B (AMBAC)
11/15/2024 5.250%   750,000 770,443
Series 2016C-1
11/15/2036 5.000%   3,000,000 2,922,950
Metropolitan Transportation Authority(c)
Refunding Revenue Bonds
Green Bonds
Series 2017C-2
11/15/2029 0.000%   1,500,000 1,097,010
Total 7,442,831
Turnpike / Bridge / Toll Road 7.0%
New York State Thruway Authority
Refunding Revenue Bonds
Series 2014K
01/01/2029 5.000%   1,850,000 1,904,963
01/01/2032 5.000%   1,000,000 1,027,607
Revenue Bonds
Junior Lien
Series 2016A
01/01/2033 5.000%   1,000,000 1,022,657
Series 2019B
01/01/2036 5.000%   2,000,000 2,077,040
Triborough Bridge & Tunnel Authority
Refunding Revenue Bonds
Series 2018-B
11/15/2031 5.000%   2,000,000 2,205,621
Revenue Bonds
Series 2020D
11/15/2037 4.000%   2,050,000 1,863,011
Total 10,100,899
Water & Sewer 0.7%
Buffalo Municipal Water Finance Authority
Refunding Revenue Bonds
Series 2015A
07/01/2028 5.000%   700,000 725,060
Western Nassau County Water Authority
Revenue Bonds
Series 2015A
04/01/2027 5.000%   145,000 150,182
04/01/2028 5.000%   175,000 180,967
Total 1,056,209
Total Municipal Bonds
(Cost $147,424,356)
139,206,951
 
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
13

Portfolio of Investments  (continued)
October 31, 2022
Money Market Funds 2.1%
  Shares Value ($)
Dreyfus Tax Exempt Cash Management Fund, Institutional Shares, 2.007%(d) 100,459 100,449
JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares, 2.030%(d) 2,902,739 2,902,739
Total Money Market Funds
(Cost $3,003,188)
3,003,188
Total Investments in Securities
(Cost: $150,427,544)
142,210,139
Other Assets & Liabilities, Net   1,326,592
Net Assets 143,536,731
Notes to Portfolio of Investments
(a) Income from this security may be subject to alternative minimum tax.
(b) 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 October 31, 2022, the total value of these securities amounted to $2,231,271, which represents 1.55% of total net assets.
(c) Zero coupon bond.
(d) The rate shown is the seven-day current annualized yield at October 31, 2022.
Abbreviation Legend
AGM Assured Guaranty Municipal Corporation
AMBAC Ambac Assurance Corporation
BAM Build America Mutual Assurance Co.
NPFGC National Public Finance Guarantee Corporation
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).
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 accompanying Notes to Financial Statements are an integral part of this statement.
14 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Portfolio of Investments  (continued)
October 31, 2022
Fair value measurements  (continued)
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 October 31, 2022:
  Level 1 ($) Level 2 ($) Level 3 ($) Total ($)
Investments in Securities        
Municipal Bonds 139,206,951 139,206,951
Money Market Funds 3,003,188 3,003,188
Total Investments in Securities 3,003,188 139,206,951 142,210,139
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.
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
15

Statement of Assets and Liabilities
October 31, 2022
Assets  
Investments in securities, at value  
Unaffiliated issuers (cost $150,427,544) $142,210,139
Receivable for:  
Capital shares sold 220,664
Interest 2,048,028
Expense reimbursement due from Investment Manager 1,979
Prepaid expenses 4,380
Trustees’ deferred compensation plan 77,027
Total assets 144,562,217
Liabilities  
Due to custodian 5,143
Payable for:  
Capital shares purchased 571,053
Distributions to shareholders 334,913
Management services fees 5,559
Distribution and/or service fees 458
Transfer agent fees 3,549
Compensation of board members 10,350
Other expenses 17,434
Trustees’ deferred compensation plan 77,027
Total liabilities 1,025,486
Net assets applicable to outstanding capital stock $143,536,731
Represented by  
Paid in capital 153,903,030
Total distributable earnings (loss) (10,366,299)
Total - representing net assets applicable to outstanding capital stock $143,536,731
The accompanying Notes to Financial Statements are an integral part of this statement.
16 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Statement of Assets and Liabilities  (continued)
October 31, 2022
Class A  
Net assets $11,528,021
Shares outstanding 1,082,929
Net asset value per share $10.65
Maximum sales charge 3.00%
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) $10.98
Advisor Class  
Net assets $4,158,533
Shares outstanding 391,217
Net asset value per share $10.63
Class C  
Net assets $2,882,135
Shares outstanding 270,713
Net asset value per share $10.65
Institutional Class  
Net assets $34,889,938
Shares outstanding 3,277,427
Net asset value per share $10.65
Institutional 2 Class  
Net assets $6,892,871
Shares outstanding 646,421
Net asset value per share $10.66
Institutional 3 Class  
Net assets $79,078,644
Shares outstanding 7,402,894
Net asset value per share $10.68
Class V  
Net assets $4,106,589
Shares outstanding 385,814
Net asset value per share $10.64
Maximum sales charge 4.75%
Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class V shares) $11.17
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
17

Statement of Operations
Year Ended October 31, 2022
Net investment income  
Income:  
Dividends — unaffiliated issuers $7,665
Interest 5,217,608
Total income 5,225,273
Expenses:  
Management services fees 870,240
Distribution and/or service fees  
Class A 40,909
Class C 29,192
Class V 7,018
Transfer agent fees  
Class A 17,457
Advisor Class 5,436
Class C 3,758
Institutional Class 149,628
Institutional 2 Class 3,025
Institutional 3 Class 1,115
Class V 4,835
Compensation of board members 14,683
Custodian fees 1,668
Printing and postage fees 14,634
Registration fees 16,622
Audit fees 29,500
Legal fees 12,557
Interest on interfund lending 724
Compensation of chief compliance officer 41
Other 13,111
Total expenses 1,236,153
Fees waived or expenses reimbursed by Investment Manager and its affiliates (287,972)
Fees waived by distributor  
Class C (4,031)
Expense reduction (100)
Total net expenses 944,050
Net investment income 4,281,223
Realized and unrealized gain (loss) — net  
Net realized gain (loss) on:  
Investments — unaffiliated issuers (2,203,889)
Net realized loss (2,203,889)
Net change in unrealized appreciation (depreciation) on:  
Investments — unaffiliated issuers (20,727,027)
Net change in unrealized appreciation (depreciation) (20,727,027)
Net realized and unrealized loss (22,930,916)
Net decrease in net assets resulting from operations $(18,649,693)
The accompanying Notes to Financial Statements are an integral part of this statement.
18 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Statement of Changes in Net Assets
  Year Ended
October 31, 2022
Year Ended
October 31, 2021
Operations    
Net investment income $4,281,223 $4,670,467
Net realized gain (loss) (2,203,889) 411,451
Net change in unrealized appreciation (depreciation) (20,727,027) 1,823,798
Net increase (decrease) in net assets resulting from operations (18,649,693) 6,905,716
Distributions to shareholders    
Net investment income and net realized gains    
Class A (379,513) (399,260)
Advisor Class (132,815) (118,391)
Class C (67,324) (77,803)
Institutional Class (3,394,557) (4,035,527)
Institutional 2 Class (136,586) (84,123)
Institutional 3 Class (461,826) (26,504)
Class V (113,129) (109,630)
Total distributions to shareholders (4,685,750) (4,851,238)
Decrease in net assets from capital stock activity (47,586,448) (18,739,579)
Total decrease in net assets (70,921,891) (16,685,101)
Net assets at beginning of year 214,458,622 231,143,723
Net assets at end of year $143,536,731 $214,458,622
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
19

Statement of Changes in Net Assets   (continued)
  Year Ended Year Ended
  October 31, 2022 October 31, 2021
  Shares Dollars ($) Shares Dollars ($)
Capital stock activity
Class A        
Subscriptions 192,222 2,170,444 348,558 4,260,555
Distributions reinvested 23,056 263,610 21,303 259,677
Redemptions (812,118) (9,083,199) (528,646) (6,430,053)
Net decrease (596,840) (6,649,145) (158,785) (1,909,821)
Advisor Class        
Subscriptions 107,342 1,209,167 199,900 2,437,253
Distributions reinvested 11,629 132,564 9,707 118,166
Redemptions (233,628) (2,630,270) (50,639) (617,372)
Net increase (decrease) (114,657) (1,288,539) 158,968 1,938,047
Class C        
Subscriptions 15,262 179,232 39,109 476,677
Distributions reinvested 4,698 53,654 5,177 63,111
Redemptions (85,031) (961,273) (235,292) (2,874,573)
Net decrease (65,071) (728,387) (191,006) (2,334,785)
Institutional Class        
Subscriptions 1,039,747 11,929,987 562,131 6,853,396
Distributions reinvested 64,380 732,539 56,273 685,922
Redemptions (12,161,557) (135,878,571) (2,011,197) (24,512,912)
Net decrease (11,057,430) (123,216,045) (1,392,793) (16,973,594)
Institutional 2 Class        
Subscriptions 561,231 6,231,796 93,240 1,138,193
Distributions reinvested 12,074 136,341 6,872 83,895
Redemptions (280,588) (3,120,237) (36,868) (448,169)
Net increase 292,717 3,247,900 63,244 773,919
Institutional 3 Class        
Subscriptions 7,999,143 89,197,711 21,852 268,366
Distributions reinvested 2,678 30,438 1,806 22,090
Redemptions (702,694) (7,794,736) (8,370) (102,238)
Net increase 7,299,127 81,433,413 15,288 188,218
Class V        
Subscriptions 2,544 28,701 2,290 27,897
Distributions reinvested 6,584 74,998 5,784 70,504
Redemptions (43,643) (489,344) (42,567) (519,964)
Net decrease (34,515) (385,645) (34,493) (421,563)
Total net decrease (4,276,669) (47,586,448) (1,539,577) (18,739,579)
The accompanying Notes to Financial Statements are an integral part of this statement.
20 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

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Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
21

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 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
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 10/31/2022 $12.09 0.24 (1.41) (1.17) (0.25) (0.02) (0.27)
Year Ended 10/31/2021 $11.99 0.23 0.11 0.34 (0.24) (0.00)(e) (0.24)
Year Ended 10/31/2020 $12.07 0.25 (0.07) 0.18 (0.26) (0.00)(e) (0.26)
Year Ended 10/31/2019 $11.46 0.29 0.61 0.90 (0.29) (0.29)
Year Ended 10/31/2018 $11.91 0.31 (0.44) (0.13) (0.31) (0.01) (0.32)
Advisor Class
Year Ended 10/31/2022 $12.08 0.27 (1.43) (1.16) (0.27) (0.02) (0.29)
Year Ended 10/31/2021 $11.98 0.26 0.11 0.37 (0.27) (0.00)(e) (0.27)
Year Ended 10/31/2020 $12.06 0.28 (0.07) 0.21 (0.29) (0.00)(e) (0.29)
Year Ended 10/31/2019 $11.45 0.32 0.61 0.93 (0.32) (0.32)
Year Ended 10/31/2018 $11.90 0.34 (0.44) (0.10) (0.34) (0.01) (0.35)
Class C
Year Ended 10/31/2022 $12.10 0.19 (1.43) (1.24) (0.19) (0.02) (0.21)
Year Ended 10/31/2021 $12.00 0.18 0.10 0.28 (0.18) (0.00)(e) (0.18)
Year Ended 10/31/2020 $12.07 0.20 (0.07) 0.13 (0.20) (0.00)(e) (0.20)
Year Ended 10/31/2019 $11.46 0.24 0.61 0.85 (0.24) (0.24)
Year Ended 10/31/2018 $11.91 0.26 (0.44) (0.18) (0.26) (0.01) (0.27)
Institutional Class
Year Ended 10/31/2022 $12.09 0.27 (1.42) (1.15) (0.27) (0.02) (0.29)
Year Ended 10/31/2021 $11.99 0.26 0.11 0.37 (0.27) (0.00)(e) (0.27)
Year Ended 10/31/2020 $12.07 0.28 (0.07) 0.21 (0.29) (0.00)(e) (0.29)
Year Ended 10/31/2019 $11.46 0.32 0.61 0.93 (0.32) (0.32)
Year Ended 10/31/2018 $11.91 0.34 (0.44) (0.10) (0.34) (0.01) (0.35)
Institutional 2 Class
Year Ended 10/31/2022 $12.11 0.28 (1.43) (1.15) (0.28) (0.02) (0.30)
Year Ended 10/31/2021 $12.01 0.27 0.11 0.38 (0.28) (0.00)(e) (0.28)
Year Ended 10/31/2020 $12.09 0.29 (0.08) 0.21 (0.29) (0.00)(e) (0.29)
Year Ended 10/31/2019 $11.48 0.33 0.61 0.94 (0.33) (0.33)
Year Ended 10/31/2018 $11.93 0.35 (0.44) (0.09) (0.35) (0.01) (0.36)
The accompanying Notes to Financial Statements are an integral part of this statement.
22 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

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
ratio to
average
net assets
Portfolio
turnover
Net
assets,
end of
period
(000’s)
Class A
Year Ended 10/31/2022 $10.65 (9.83%) 0.88%(c) 0.73%(c),(d) 2.08% 1% $11,528
Year Ended 10/31/2021 $12.09 2.84% 0.90% 0.75%(d) 1.89% 3% $20,315
Year Ended 10/31/2020 $11.99 1.47% 0.89% 0.75%(d) 2.10% 7% $22,051
Year Ended 10/31/2019 $12.07 7.96% 0.90% 0.75%(d) 2.46% 19% $19,270
Year Ended 10/31/2018 $11.46 (1.11%) 0.89% 0.75%(d) 2.68% 15% $13,368
Advisor Class
Year Ended 10/31/2022 $10.63 (9.70%) 0.63%(c) 0.48%(c),(d) 2.34% 1% $4,159
Year Ended 10/31/2021 $12.08 3.09% 0.65% 0.50%(d) 2.14% 3% $6,109
Year Ended 10/31/2020 $11.98 1.72% 0.65% 0.50%(d) 2.34% 7% $4,155
Year Ended 10/31/2019 $12.06 8.23% 0.65% 0.50%(d) 2.71% 19% $1,234
Year Ended 10/31/2018 $11.45 (0.87%) 0.64% 0.50%(d) 2.91% 15% $745
Class C
Year Ended 10/31/2022 $10.65 (10.31%) 1.44%(c) 1.17%(c),(d) 1.65% 1% $2,882
Year Ended 10/31/2021 $12.10 2.37% 1.65% 1.20%(d) 1.45% 3% $4,062
Year Ended 10/31/2020 $12.00 1.09% 1.64% 1.20%(d),(f) 1.66% 7% $6,319
Year Ended 10/31/2019 $12.07 7.47% 1.65% 1.20%(d),(f) 2.05% 19% $9,996
Year Ended 10/31/2018 $11.46 (1.56%) 1.64% 1.20%(d),(f) 2.23% 15% $12,491
Institutional Class
Year Ended 10/31/2022 $10.65 (9.61%) 0.64%(c) 0.48%(c),(d) 2.30% 1% $34,890
Year Ended 10/31/2021 $12.09 3.09% 0.65% 0.50%(d) 2.14% 3% $173,347
Year Ended 10/31/2020 $11.99 1.72% 0.64% 0.50%(d) 2.36% 7% $188,611
Year Ended 10/31/2019 $12.07 8.23% 0.65% 0.50%(d) 2.72% 19% $191,680
Year Ended 10/31/2018 $11.46 (0.87%) 0.64% 0.50%(d) 2.93% 15% $169,671
Institutional 2 Class
Year Ended 10/31/2022 $10.66 (9.63%) 0.59%(c) 0.43%(c) 2.46% 1% $6,893
Year Ended 10/31/2021 $12.11 3.16% 0.58% 0.43% 2.21% 3% $4,284
Year Ended 10/31/2020 $12.01 1.79% 0.57% 0.43% 2.43% 7% $3,489
Year Ended 10/31/2019 $12.09 8.29% 0.58% 0.43% 2.77% 19% $3,916
Year Ended 10/31/2018 $11.48 (0.77%) 0.58% 0.44% 3.03% 15% $1,472
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
23

Financial Highlights  (continued)
  Net asset value,
beginning of
period
Net
investment
income
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 10/31/2022 $12.14 0.30 (1.45) (1.15) (0.29) (0.02) (0.31)
Year Ended 10/31/2021 $12.03 0.28 0.12 0.40 (0.29) (0.00)(e) (0.29)
Year Ended 10/31/2020 $12.12 0.29 (0.08) 0.21 (0.30) (0.00)(e) (0.30)
Year Ended 10/31/2019 $11.50 0.33 0.63 0.96 (0.34) (0.34)
Year Ended 10/31/2018 $11.95 0.36 (0.45) (0.09) (0.35) (0.01) (0.36)
Class V
Year Ended 10/31/2022 $12.09 0.25 (1.42) (1.17) (0.26) (0.02) (0.28)
Year Ended 10/31/2021 $11.99 0.24 0.11 0.35 (0.25) (0.00)(e) (0.25)
Year Ended 10/31/2020 $12.07 0.26 (0.07) 0.19 (0.27) (0.00)(e) (0.27)
Year Ended 10/31/2019 $11.46 0.31 0.61 0.92 (0.31) (0.31)
Year Ended 10/31/2018 $11.91 0.33 (0.45) (0.12) (0.32) (0.01) (0.33)
    
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 interfund lending expense which is less than 0.01%.
(d) The benefits derived from expense reductions had an impact of less than 0.01%.
(e) Rounds to zero.
(f) Ratios include the impact of voluntary waivers paid by the Investment Manager. For the periods indicated below, if the Investment Manager had not paid these voluntary waivers, the Fund’s net expense ratio would increase by:
    
  10/31/2020 10/31/2019 10/31/2018
Class C 0.26% 0.30% 0.30%
The accompanying Notes to Financial Statements are an integral part of this statement.
24 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

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
ratio to
average
net assets
Portfolio
turnover
Net
assets,
end of
period
(000’s)
Institutional 3 Class
Year Ended 10/31/2022 $10.68 (9.64%) 0.55%(c) 0.38%(c) 2.73% 1% $79,079
Year Ended 10/31/2021 $12.14 3.29% 0.53% 0.38% 2.26% 3% $1,259
Year Ended 10/31/2020 $12.03 1.75% 0.53% 0.39% 2.45% 7% $1,065
Year Ended 10/31/2019 $12.12 8.41% 0.54% 0.39% 2.80% 19% $678
Year Ended 10/31/2018 $11.50 (0.73%) 0.54% 0.38% 3.05% 15% $190
Class V
Year Ended 10/31/2022 $10.64 (9.82%) 0.78%(c) 0.62%(c),(d) 2.21% 1% $4,107
Year Ended 10/31/2021 $12.09 2.94% 0.80% 0.65%(d) 1.99% 3% $5,083
Year Ended 10/31/2020 $11.99 1.57% 0.79% 0.65%(d) 2.21% 7% $5,454
Year Ended 10/31/2019 $12.07 8.07% 0.80% 0.65%(d) 2.59% 19% $5,696
Year Ended 10/31/2018 $11.46 (1.01%) 0.79% 0.65%(d) 2.78% 15% $6,077
The accompanying Notes to Financial Statements are an integral part of this statement.
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
25

Notes to Financial Statements
October 31, 2022
Note 1. Organization
Columbia New York Intermediate Municipal Bond Fund (the Fund), a series of Columbia Funds Series Trust I (the Trust), is a non-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 and Institutional 3 Class are available 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. Class V shares are available only to investors who received (and who continuously held) Class V shares in connection with previous fund reorganizations.
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
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 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.
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.
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.
26 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Notes to Financial Statements  (continued)
October 31, 2022
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.
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.
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 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.
Dividend income is recorded on the ex-dividend date.
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 net tax-exempt and 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.
Distributions to shareholders
Distributions from net investment income, if any, are declared daily and paid monthly. 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.
Recent accounting pronouncement
Tailored Shareholder Reports
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
27

Notes to Financial Statements  (continued)
October 31, 2022
In October 2022, the Securities and Exchange Commission (SEC) adopted a final rule relating to Tailored Shareholder Reports for Mutual Funds and Exchange-Traded Funds (ETFs); Fee Information in Investment Company Advertisements. The rule and form amendments will require mutual funds and ETFs to transmit concise and visually engaging shareholder reports that highlight key information. The amendments will require that funds tag information in a structured data format. The rule amendments will require that certain more in-depth information be made available online and available for delivery free of charge to investors on request. The amendments will become effective January 24, 2023. There is an 18-month transition period after the effective date of the amendment.
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 0.47% to 0.31% as the Fund’s net assets increase. The effective management services fee rate for the year ended October 31, 2022 was 0.47% 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 "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.
Transactions with affiliates
The Fund is permitted to engage in purchase and/or sale transactions with affiliates and/or accounts that have a common investment manager (or affiliated investment managers), common directors/trustees, and/or common officers under specified conditions outlined in a policy adopted by the Board, pursuant to Rule 17a-7 under the 1940 Act (cross-trades). The Board relies on quarterly written representation from the Fund’s Chief Compliance Officer that cross-trades complied with approved policy.
For the year ended October 31, 2022, the Fund engaged in cross-trades as follows:
Purchases ($) Sales ($) Net realized gain (loss) ($)
1,243,643
28 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Notes to Financial Statements  (continued)
October 31, 2022
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 DST Asset Manager Solutions, Inc. (DST) to serve as sub-transfer agent. The Transfer Agent pays the fees of DST for services as sub-transfer agent and DST 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.
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 October 31, 2022, 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 0.11
Advisor Class 0.11
Class C 0.10
Institutional Class 0.11
Institutional 2 Class 0.06
Institutional 3 Class 0.01
Class V 0.10
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 October 31, 2022, these minimum account balance fees reduced total expenses of the Fund by $100.
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 rate of 0.75% of the average daily net assets attributable to Class C shares of the Fund.
Effective March 1, 2022, the Distributor has reduced the distribution fee for Class C shares to 0.45% annually of the average daily net assets attributable to Class C shares. Prior to March 1, 2022, the Distributor contractually waived a portion of the distribution fee for Class C shares so that the distribution fee did not exceed 0.45% annually of the average daily net assets attributable to Class C shares. This arrangement could have been modified or terminated at the sole discretion of the Board of Trustees. 
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
29

Notes to Financial Statements  (continued)
October 31, 2022
Shareholder services fees
The Fund has adopted a shareholder services plan that permits it to pay for certain services provided to Class V shareholders by their selling and/or servicing agents. The Fund may pay shareholder servicing fees up to an aggregate annual rate of 0.40% of the Fund’s average daily net assets attributable to Class V shares (comprised of up to 0.20% for shareholder services and up to 0.20% for administrative support services). These fees are currently limited to an aggregate annual rate of not more than 0.15% of the Fund’s average daily net assets attributable to Class V 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 October 31, 2022, if any, are listed below:
  Front End (%) CDSC (%) Amount ($)
Class A 3.00 0.75(a) 3,825
Class C 1.00(b) 100
Class V 4.75 0.50 - 1.00(c) 499
    
(a) This charge is imposed on certain investments of $500,000 or more if redeemed within 12 months after purchase.
(b) This charge applies to redemptions within 12 months after purchase, with certain limited exceptions.
(c) 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.
The Fund’s other share classes are not subject to sales charges.
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:
  March 1, 2022
through
February 28, 2023
Prior to
March 1, 2022
Class A 0.75% 0.75%
Advisor Class 0.50 0.50
Class C 1.20 1.50
Institutional Class 0.50 0.50
Institutional 2 Class 0.43 0.43
Institutional 3 Class 0.38 0.39
Class V 0.65 0.65
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. In addition to the contractual agreement, the Investment Manager and certain of its affiliates have voluntarily agreed to waive fees and/or reimburse Fund expenses (excluding certain fees and expenses described above) so that Fund level expenses (expenses directly attributable to the Fund and not to a specific share class) are waived proportionately across all share classes. This arrangement may be revised or discontinued at any
30 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Notes to Financial Statements  (continued)
October 31, 2022
time. Prior to March 1, 2022, Class C distribution fees waived by the Distributor, as discussed above, were in addition to the waiver/reimbursement commitment under the agreement. 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 October, 31, 2022, these differences were primarily due to differing treatment for capital loss carryforwards, trustees’ deferred compensation, distributions, re-characterization of distributions for investments and distribution reclassifications. 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 ($)
Accumulated
net realized
(loss) ($)
Paid in
capital ($)
(20,453) 20,453
Net investment income (loss) and net realized gains (losses), as disclosed in the Statement of Operations, and net assets were not affected by this reclassification.
The tax character of distributions paid during the years indicated was as follows:
Year Ended October 31, 2022 Year Ended October 31, 2021
Ordinary
income ($)
Tax-exempt
income ($)
Long-term
capital gains ($)
Total ($) Ordinary
income ($)
Tax-exempt
income ($)
Long-term
capital gains ($)
Total ($)
1,412 4,275,882 408,456 4,685,750 3 4,794,423 56,812 4,851,238
Short-term capital gain distributions, if any, are considered ordinary income distributions for tax purposes.
At October 31, 2022, the components of distributable earnings on a tax basis were as follows:
Undistributed
ordinary income ($)
Undistributed tax-
exempt income ($)
Undistributed
long-term
capital gains ($)
Capital loss
carryforwards ($)
Net unrealized
(depreciation) ($)
475,925 (2,203,465) (8,217,404)
At October 31, 2022, 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) ($)
Net unrealized
(depreciation) ($)
150,427,544 183,362 (8,400,766) (8,217,404)
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 October 31, 2022, 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 October 31, 2022, capital loss carryforwards utilized, if any, were as follows:
No expiration
short-term ($)
No expiration
long-term ($)
Total ($) Utilized ($)
(178,333) (2,025,132) (2,203,465)
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
31

Notes to Financial Statements  (continued)
October 31, 2022
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 $1,243,643 and $46,531,109, respectively, for the year ended October 31, 2022. The amount of purchase and sale activity impacts the portfolio turnover rate reported in the Financial Highlights.
Note 6. Interfund lending
Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Fund participates in a program (the Interfund Program) allowing each participating Columbia Fund (each, a Participating Fund) to lend money directly to and, except for closed-end funds and money market funds, borrow money directly from other Participating Funds for temporary purposes. The amounts eligible for borrowing and lending under the Interfund Program are subject to certain restrictions.
Interfund loans are subject to the risk that the borrowing fund could be unable to repay the loan when due, and a delay in repayment to the lending fund could result in lost opportunities and/or additional lending costs. The exemptive order is subject to conditions intended to mitigate conflicts of interest arising from the Investment Manager’s relationship with each Participating Fund.
The Fund’s activity in the Interfund Program during the year ended October 31, 2022 was as follows:
Borrower or lender Average loan
balance ($)
Weighted average
interest rate (%)
Number of days
with outstanding loans
Borrower 918,182 1.78 11
Interest expense incurred by the Fund is recorded as Interfund lending in the Statement of Operations. The Fund had no outstanding interfund loans at October 31, 2022.
Note 7. 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 27, 2022 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 $950 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 27, 2022 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 0.11448% and (iii) the overnight bank funding rate, plus in each case, 1.00%.
The Fund had no borrowings during the year ended October 31, 2022.
32 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Notes to Financial Statements  (continued)
October 31, 2022
Note 8. 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 prevailing 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 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, 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.
The pandemic caused by coronavirus disease 2019 and its variants (COVID-19) has resulted in, and may continue to result in, significant global economic and societal disruption and market volatility due to disruptions in market access, resource availability, facilities operations, imposition of tariffs, export controls and supply chain disruption, among others. Such disruptions may be caused, or exacerbated by, quarantines and travel restrictions, workforce displacement and loss in human and other resources. The uncertainty surrounding the magnitude, duration, reach, costs and effects of the global pandemic, as well as actions that have been or could be taken by governmental authorities or other third parties, present unknowns that are yet to unfold. The impacts, as well as the uncertainty over impacts to come, of COVID-19 – and any other infectious illness outbreaks, epidemics and pandemics that may arise in the future – could negatively affect global economies and markets in ways that cannot necessarily be foreseen. In addition, the impact of infectious illness outbreaks and epidemics in emerging market countries may be greater due to generally less established healthcare systems, governments and financial markets. Public health crises caused by the COVID-19 outbreak may exacerbate other pre-existing
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
33

Notes to Financial Statements  (continued)
October 31, 2022
political, social and economic risks in certain countries or globally. The disruptions caused by COVID-19 could prevent the Fund from executing advantageous investment decisions in a timely manner and negatively impact the Fund’s ability to achieve its investment objective. Any such events could have a significant adverse impact on the value and risk profile of the Fund.
Municipal securities risk
Municipal securities are debt obligations generally issued to obtain funds for various public purposes, including general financing for state and local governments, or financing for a specific project or public facility, and include obligations of the governments of the U.S. territories, commonwealths and possessions such as Guam, Puerto Rico and the U.S. Virgin Islands to the extent such obligations are exempt from state and U.S. federal income taxes. The value of municipal securities can be significantly affected by actual or expected political and legislative changes at the federal or state level. Municipal securities may be fully or partially backed by the taxing authority of the local government, by the credit of a private issuer, by the current or anticipated revenues from a specific project or specific assets or by domestic or foreign entities providing credit support, such as letters of credit, guarantees or insurance, and are generally classified into general obligation bonds and special revenue obligations. Because many municipal securities are issued to finance projects in sectors such as education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal market.
Issuers in a state, territory, commonwealth or possession in which the Fund invests may experience significant financial difficulties for various reasons, including as the result of events that cannot be reasonably anticipated or controlled such as economic downturns or similar periods of economic stress, social conflict or unrest, labor disruption and natural disasters. Such financial difficulties may lead to credit rating downgrades or defaults of such issuers which in turn, could affect the market values and marketability of many or all municipal obligations of issuers in such state, territory, commonwealth or possession. The value of the Fund’s shares will be negatively impacted to the extent it invests in such securities. The Fund’s annual and semiannual reports show the Fund’s investment exposures at a point in time. The risk of investing in the Fund is directly correlated to the Fund’s investment exposures.
Because the Fund invests substantially in municipal securities issued by the state identified in the Fund’s name and political sub-divisions of that state, the Fund will be particularly affected by adverse tax, legislative, regulatory, demographic or political changes as well as changes impacting the state’s financial, economic or other condition and prospects. In addition, because of the relatively small number of issuers of tax-exempt securities in the state, the Fund may invest a higher percentage of assets in a single issuer and, therefore, be more exposed to the risk of loss than a fund that invests more broadly. The value of municipal and other securities owned by the Fund also may be adversely affected by future changes in federal or state income tax laws.
Non-diversification risk
A non-diversified fund is permitted to invest a greater percentage of its total assets in fewer issuers than a diversified fund. This increases the risk that a change in the value of any one investment held by the Fund could affect the overall value of the Fund more than it would affect that of a diversified fund holding a greater number of investments. Accordingly, the Fund’s value will likely be more volatile than the value of a more diversified fund.
Shareholder concentration risk
At October 31, 2022, one unaffiliated shareholder of record owned 60.7% of the outstanding shares of the Fund in one or more accounts. The Fund has no knowledge about whether any portion of those shares was owned beneficially. Subscription and redemption activity 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.
Note 9. Subsequent events
Management has evaluated the events and transactions that have occurred through the date the financial statements were issued and noted no items requiring adjustment of the financial statements or additional disclosure.
34 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

Notes to Financial Statements  (continued)
October 31, 2022
Note 10. 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 its activities as 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 provides services to the Fund.
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
35

Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Columbia Funds Series Trust I and Shareholders of Columbia New York Intermediate Municipal Bond Fund
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the portfolio of investments, of Columbia New York Intermediate Municipal Bond Fund (one of the funds constituting Columbia Funds Series Trust I, referred to hereafter as the "Fund") as of October 31, 2022, the related statement of operations for the year ended October 31, 2022, the statement of changes in net assets for each of the two years in the period ended October 31, 2022, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2022 (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 October 31, 2022, 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 October 31, 2022 and the financial highlights for each of the five years in the period ended October 31, 2022 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 October 31, 2022 by correspondence with the custodian and transfer agents. We believe that our audits provide a reasonable basis for our opinion.
/s/PricewaterhouseCoopers LLP
Minneapolis, Minnesota
December 22, 2022
We have served as the auditor of one or more investment companies within the Columbia Funds Complex since 1977.
36 Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022

 Federal Income Tax Information
(Unaudited)
The Fund hereby designates the following tax attributes for the fiscal year ended October 31, 2022. Shareholders will be notified in early 2023 of the amounts for use in preparing 2022 income tax returns.
Exempt-
interest
dividends
 
99.97%  
Exempt-interest dividends. The percentage of net investment income distributed during the fiscal year that qualifies as exempt-interest dividends for federal income tax purposes. A portion of the income may be subject to federal alternative minimum tax.
 TRUSTEES AND OFFICERS
(Unaudited)
The Board oversees the Fund’s operations and appoints officers who are responsible for day-to-day business decisions based on policies set by the Board. The following table provides basic biographical information about the Fund’s Trustees as of the printing of this report, including their principal occupations during the past five years, although specific titles for individuals may have varied over the period. The year set forth beneath Length of Service in the table below is the year in which the Trustee was first appointed or elected as Trustee to any Fund currently in the Columbia Funds Complex or a predecessor thereof. Under current Board policy, each Trustee generally serves until December 31 of the year such Trustee turns seventy-five (75).
Independent trustees
Name,
address,
year of birth
Position held
with the Columbia Funds and
length of service
Principal occupation(s)
during past five years
and other relevant
professional experience
Number of
Funds in the
Columbia Funds
Complex*
overseen
Other directorships
held by Trustee
during the past
five years
George S. Batejan
c/o Columbia Management
Investment Advisers, LLC
290 Congress Street
Boston, MA 02210
1953
Trustee since 2017 Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 176 Former Chairman of the Board, NICSA (National Investment Company Services Association) (Executive Committee, Nominating Committee and Governance Committee), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016; former Advisory Board Member, University of Colorado Business School, 2015-2018
Columbia New York Intermediate Municipal Bond Fund  | Annual Report 2022
37

TRUSTEES AND OFFICERS  (continued)
(Unaudited)
Independent trustees  (continued)
Name,
address,
year of birth
Position held
with the Columbia Funds and
length of service
Principal occupation(s)
during past five years
and other relevant
professional experience
Number of
Funds in the
Columbia Funds
Complex*
overseen