Columbia Intrinsic Value Fund
Third Quarter Report
February 28, 2026 (Unaudited)
Not FDIC or NCUA Insured
No Financial Institution Guarantee
May Lose Value

Portfolio of Investments
Columbia Intrinsic Value Fund, February 28, 2026 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 95.8%
Issuer
Shares
Value ($)
Communication Services 6.5%
Diversified Telecommunication Services 1.0%
Verizon Communications, Inc.
590,888
29,627,124
Entertainment 1.6%
Walt Disney Co. (The)
432,970
45,912,139
Interactive Media & Services 3.0%
Alphabet, Inc., Class A
274,243
85,497,998
Wireless Telecommunication Services 0.9%
T-Mobile US, Inc.
125,700
27,288,213
Total Communication Services
188,325,474
Consumer Discretionary 4.1%
Broadline Retail 2.2%
Amazon.com, Inc.(a)
305,700
64,197,000
Specialty Retail 1.9%
Gap, Inc. (The)
922,900
25,878,116
Lowe’s Companies, Inc.
108,805
28,786,539
Total
54,664,655
Total Consumer Discretionary
118,861,655
Consumer Staples 8.6%
Beverages 2.8%
Coca-Cola Co. (The)
619,000
50,485,640
Constellation Brands, Inc., Class A
185,468
29,277,978
Total
79,763,618
Consumer Staples Distribution & Retail 2.0%
Walmart, Inc.
455,186
58,241,049
Household Products 1.4%
Colgate-Palmolive Co.
425,700
42,203,898
Tobacco 2.4%
Philip Morris International, Inc.
367,500
68,660,025
Total Consumer Staples
248,868,590
Common Stocks (continued)
Issuer
Shares
Value ($)
Energy 6.6%
Oil, Gas & Consumable Fuels 6.6%
EOG Resources, Inc.
244,000
30,275,520
EQT Corp.
489,900
30,089,658
Exxon Mobil Corp.
547,700
83,524,250
Valero Energy Corp.
225,500
46,146,320
Total
190,035,748
Total Energy
190,035,748
Financials 19.2%
Banks 7.7%
Citigroup, Inc.
481,300
53,034,447
JPMorgan Chase & Co.
332,100
99,729,630
M&T Bank Corp.
151,700
32,915,866
PNC Financial Services Group, Inc. (The)
172,525
36,635,684
Total
222,315,627
Capital Markets 5.5%
Bank of New York Mellon Corp. (The)
438,200
52,189,620
Goldman Sachs Group, Inc. (The)
54,400
46,760,608
KKR & Co., Inc., Class A
206,100
18,070,848
Morgan Stanley
251,600
41,893,916
Total
158,914,992
Consumer Finance 0.5%
Capital One Financial Corp.
73,555
14,390,300
Financial Services 3.0%
Berkshire Hathaway, Inc., Class B(a)
126,500
63,876,175
MasterCard, Inc., Class A
43,500
22,498,635
Total
86,374,810
Insurance 2.5%
Chubb Ltd.
128,700
43,868,682
Marsh & McLennan Companies, Inc.
147,200
27,488,128
Total
71,356,810
Total Financials
553,352,539
2
Columbia Intrinsic Value Fund  | 2026

Portfolio of Investments  (continued)
Columbia Intrinsic Value Fund, February 28, 2026 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Health Care 12.0%
Biotechnology 2.2%
BioMarin Pharmaceutical, Inc.(a)
322,500
19,907,925
Vertex Pharmaceuticals, Inc.(a)
89,100
44,267,553
Total
64,175,478
Health Care Providers & Services 5.0%
Centene Corp.(a)
854,400
38,345,472
Cigna Group (The)
125,700
36,430,374
CVS Health Corp.
180,158
14,394,624
Tenet Healthcare Corp.(a)
108,096
25,877,102
UnitedHealth Group, Inc.
96,800
28,388,536
Total
143,436,108
Life Sciences Tools & Services 1.6%
Thermo Fisher Scientific, Inc.
91,000
47,421,010
Pharmaceuticals 3.2%
Bristol-Myers Squibb Co.
728,900
45,461,493
Merck & Co., Inc.
373,200
46,209,624
Total
91,671,117
Total Health Care
346,703,713
Industrials 15.5%
Aerospace & Defense 3.5%
Boeing Co. (The)(a)
236,600
53,833,598
Northrop Grumman Corp.
65,500
47,446,890
Total
101,280,488
Air Freight & Logistics 0.7%
FedEx Corp.
55,387
21,434,769
Building Products 1.1%
Trane Technologies PLC
66,000
30,513,120
Electrical Equipment 2.1%
nVent Electric PLC
511,500
60,541,140
Ground Transportation 1.2%
Norfolk Southern Corp.
113,600
35,754,464
Industrial Conglomerates 1.2%
3M Co.
212,000
35,047,840
Machinery 5.7%
Cummins, Inc.
68,500
39,995,095
Ingersoll Rand, Inc.
399,100
37,571,274
Common Stocks (continued)
Issuer
Shares
Value ($)
Parker-Hannifin Corp.
46,000
46,422,280
Stanley Black & Decker, Inc.
462,800
40,027,572
Total
164,016,221
Total Industrials
448,588,042
Information Technology 11.0%
Electronic Equipment, Instruments & Components 1.9%
Corning, Inc.
351,589
52,871,954
IT Services 1.9%
EPAM Systems, Inc.(a)
390,833
55,107,453
Semiconductors & Semiconductor Equipment 4.0%
Broadcom, Inc.
120,408
38,476,376
Lam Research Corp.
332,400
77,745,036
Total
116,221,412
Software 2.6%
Microsoft Corp.
81,200
31,890,488
Salesforce, Inc.
222,332
43,308,050
Total
75,198,538
Technology Hardware, Storage & Peripherals 0.6%
Dell Technologies, Inc.
116,381
17,233,699
Total Information Technology
316,633,056
Materials 3.9%
Chemicals 2.9%
Linde PLC
100,800
51,214,464
PPG Industries, Inc.
256,800
31,655,736
Total
82,870,200
Metals & Mining 1.0%
Freeport-McMoRan, Inc.
419,369
28,550,641
Total Materials
111,420,841
Real Estate 3.0%
Health Care REITs 1.7%
Welltower, Inc.
235,200
48,714,624
Specialized REITs 1.3%
Equinix, Inc.
38,100
37,119,306
Total Real Estate
85,833,930
Columbia Intrinsic Value Fund  | 2026
3

Portfolio of Investments  (continued)
Columbia Intrinsic Value Fund, February 28, 2026 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Utilities 5.4%
Electric Utilities 3.3%
Entergy Corp.
476,300
51,016,493
Xcel Energy, Inc.
542,200
45,197,792
Total
96,214,285
Independent Power and Renewable Electricity Producers 0.7%
AES Corp. (The)
1,195,090
20,651,155
Multi-Utilities 1.4%
Ameren Corp.
355,900
40,316,352
Total Utilities
157,181,792
Total Common Stocks
(Cost $1,532,230,621)
2,765,805,380
Money Market Funds 3.0%
 
Shares
Value ($)
Columbia Short-Term Cash Fund, 3.777%(b),(c)
86,665,578
86,648,245
Total Money Market Funds
(Cost $86,638,181)
86,648,245
Total Investments in Securities
(Cost: $1,618,868,802)
2,852,453,625
Other Assets & Liabilities, Net
35,929,107
Net Assets
2,888,382,732
Notes to Portfolio of Investments
(a)
Non-income producing investment.
(b)
The rate shown is the seven-day current annualized yield at February 28, 2026.
(c)
Under the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended February 28, 2026 are as follows:
Affiliated issuers
Beginning
of period($)
Purchases($)
Sales($)
Net change in
unrealized
appreciation
(depreciation)($)
End of
period($)
Realized gain
(loss)($)
Dividends($)
End of
period shares
Columbia Short-Term Cash Fund, 3.777%
 
25,820,838
322,197,317
(261,378,533
)
8,623
86,648,245
(4,043
)
894,062
86,665,578
Investments are valued using policies described in the Notes to Financial Statements included within the most recent financial statements and additional information.
4
Columbia Intrinsic Value Fund  | 2026

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3QT138_05_T01_(04/26)