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

Portfolio of Investments
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Alternative Strategies Funds 9.1%
 
Shares
Value ($)
Columbia Commodity Strategy Fund, Institutional
3 Class(a)
19,913,741
234,783,009
Total Alternative Strategies Funds
(Cost $205,403,840)
234,783,009
Common Stocks 6.9%
Issuer
Shares
Value ($)
Health Care 0.0%
Health Care Providers & Services 0.0%
Chartwell Retirement Residences
24,976
406,852
Total Health Care
406,852
Information Technology 0.1%
IT Services 0.1%
NEXTDC Ltd.(b)
61,141
603,352
Total Information Technology
603,352
Real Estate 6.8%
Diversified REITs 0.3%
Activia Properties, Inc.
203
194,167
CapitaLand Integrated Commercial Trust
542,187
1,048,963
Charter Hall Group
49,962
784,183
Charter Hall Long Wale REIT
59,396
158,883
Daiwa House REIT Investment Corp.
400
340,615
Global Net Lease, Inc.
15,972
150,456
GPT Group (The)
227,605
819,374
H&R Real Estate Investment Trust
22,571
172,586
Hulic REIT, Inc.
143
157,542
Kenedix Office Investment
362
394,044
Mapletree Commercial Trust
179,000
200,808
Merlin Properties Socimi SA
64,921
1,146,412
Mirvac Group
446,990
651,973
Mori Trust Sogo REIT, Inc.
379
188,556
Nomura Real Estate Master Fund, Inc.
390
416,809
Premier Investment Corp.
208
193,019
Sekisui House REIT, Inc.
359
216,348
Stockland
254,472
925,413
Suntec Real Estate Investment Trust
180,200
202,187
United Urban Investment Corp.
259
307,564
Total
8,669,902
Common Stocks (continued)
Issuer
Shares
Value ($)
Health Care REITs 1.1%
Aedifica SA
20,283
1,878,664
Alexandria Real Estate Equities, Inc.(c)
15,070
814,383
CareTrust REIT, Inc.
47,731
1,938,833
Cofinimmo SA
43,538
4,764,012
Healthpeak Properties, Inc.(c)
61,728
1,091,351
LTC Properties, Inc.
4,100
162,688
Medical Properties Trust, Inc.
43,422
250,111
National Health Investors, Inc.
4,200
353,094
Parkway Life Real Estate Investment Trust
46,400
147,483
Sila Realty Trust, Inc.
4,717
121,368
Ventas, Inc.(c)
40,336
3,475,350
Welltower, Inc.(c)
64,675
13,395,486
Total
28,392,823
Hotel & Resort REITs 0.1%
CapitaLand Ascott Trust
189,600
145,321
CDL Hospitality Trusts
90,700
61,667
Hoshino Resorts REIT, Inc.
61
105,885
Host Hotels & Resorts, Inc.(c)
116,200
2,276,358
Invincible Investment Corp.
651
276,433
Japan Hotel REIT Investment Corp.
441
239,536
Sunstone Hotel Investors, Inc.
19,600
181,888
Xenia Hotels & Resorts, Inc.
8,359
127,725
Total
3,414,813
Industrial REITs 0.9%
CapitaLand Ascendas REIT
302,000
641,522
Dream Industrial Real Estate Investment Trust
24,284
236,422
EastGroup Properties, Inc.
5,544
1,088,343
First Industrial Realty Trust, Inc.
18,296
1,155,209
Frasers Logistics & Commercial Trust(d)
295,600
231,276
GLP J-REIT
419
375,628
Goodman Group
172,667
3,551,827
Granite Real Estate Investment Trust
5,155
347,572
Industrial & Infrastructure Fund Investment Corp.
229
222,806
Innovative Industrial Properties, Inc.
3,100
164,176
Japan Logistics Fund, Inc.
256
170,044
LaSalle Logiport REIT
147
144,962
2
Columbia Adaptive Risk Allocation Fund  | 2026

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
LXP Industrial Trust
5,620
278,527
Mapletree Industrial Trust
194,800
313,782
Mapletree Logistics Trust
278,200
283,632
Mitsubishi Estate Logistics REIT Investment
Corp.
144
119,873
Mitsui Fudosan Logistics Park, Inc.
233
175,604
Montea NV
4,538
420,017
Nippon Prologis REIT, Inc.
647
379,488
Prologis, Inc.(c)
79,967
11,400,895
Warehouses De Pauw CVA
15,771
484,439
Total
22,186,044
Office REITs 0.2%
Allied Properties Real Estate Investment Trust
16,400
114,339
BXP, Inc.(c)
12,600
725,508
Cousins Properties, Inc.
14,274
330,586
Daiwa Office Investment Corp.
47
109,847
Dexus Property Group
105,583
504,174
Douglas Emmett, Inc.
14,162
140,062
Global One Real Estate Investment Corp.
86
77,255
Ichigo Office REIT Investment Corp.
103
65,220
Japan Excellent, Inc.
123
120,192
Japan Prime Realty Investment Corp.
365
249,104
Japan Real Estate Investment Corp.
625
520,373
Keppel REIT
315,000
241,429
Mori Hills REIT Investment Corp.
145
136,395
Nippon Building Fund, Inc.
674
627,023
NIPPON REIT Investment Corp.
144
86,027
ORIX JREIT, Inc.
467
311,449
Piedmont Realty Trust, Inc.(b)
6,109
46,367
Precinct Properties Group
256,837
168,700
SL Green Realty Corp.
6,207
228,728
Tokyu REIT, Inc.
85
114,558
Vornado Realty Trust
28,763
793,284
Total
5,710,620
Real Estate Management & Development 1.9%
Azrieli Group Ltd.
9,593
1,378,543
CapitaLand Investment Ltd.
209,300
505,785
Castellum AB
29,419
391,294
Catena AB
27,865
1,535,815
Common Stocks (continued)
Issuer
Shares
Value ($)
City Developments Ltd.
38,100
295,099
CTP NV(d)
32,562
691,406
Fabege AB
19,861
185,023
Fastighets AB Balder, Class B(b)
258,706
1,943,998
Grand City Properties SA(b)
84,782
1,110,407
Henderson Land Development Co., Ltd.
136,000
614,753
Hongkong Land Holdings Ltd.
88,700
767,947
Hulic Co., Ltd.
37,100
491,662
Hysan Development Co., Ltd.
33,000
91,974
Intea Fastigheter AB
169,387
1,444,769
Logistea AB, Class B
307,745
500,432
Mitsubishi Estate Co., Ltd.
95,300
3,213,830
Mitsui Fudosan Co., Ltd.
224,500
3,026,221
New World Development Co., Ltd.(b)
82,000
113,539
Nomura Real Estate Holdings, Inc.
46,900
349,126
NP3 Fastigheter AB
56,794
1,703,588
Nyfosa AB
13,758
113,003
Pandox AB
99,001
2,215,229
Platzer Fastigheter Holding AB, Class B
21,899
193,092
PSP Swiss Property AG
14,467
3,115,790
Sagax AB, Class B
94,159
1,992,948
Sino Land Co., Ltd.
276,000
449,883
Sumitomo Realty & Development Co., Ltd.
59,000
1,994,575
Sun Hung Kai Properties Ltd.
119,500
2,221,583
Swedish Logistic Property AB, Class B(b)
143,408
660,837
Swire Properties Ltd.
85,800
295,277
Swiss Prime Site AG
35,188
6,714,567
TAG Immobilien AG
246,909
4,816,042
Tokyo Tatemono Co., Ltd.
16,700
467,249
UOL Group Ltd.
39,600
352,901
VGP NV
1,164
151,071
Wharf Real Estate Investment Co., Ltd.
144,000
530,110
Wihlborgs Fastigheter AB
187,002
1,980,961
Total
48,620,329
Residential REITs 0.6%
Advance Residence Investment Corp.
202
222,389
Boardwalk Real Estate Investment Trust
3,406
163,302
Camden Property Trust
9,733
1,054,473
Canadian Apartment Properties REIT
13,431
371,604
Columbia Adaptive Risk Allocation Fund  | 2026
3

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Common Stocks (continued)
Issuer
Shares
Value ($)
Centerspace
2,200
138,380
Comforia Residential REIT, Inc.
215
154,535
Daiwa Securities Living Investments Corp.
204
151,361
Elme Communities
9,300
19,995
Equity Residential(c)
20,021
1,265,527
Essex Property Trust, Inc.(c)
5,780
1,474,536
Independence Realty Trust, Inc.
83,248
1,379,419
InterRent Real Estate Investment Trust
15,600
153,135
Invitation Homes, Inc.(c)
144,265
3,799,940
Irish Residential Properties REIT PLC
3,634,308
4,612,076
Killam Apartment Real Estate Investment Trust
11,600
143,719
Mitsui Fudosan Accommodations Fund, Inc.
244
215,526
Veris Residential, Inc.
9,000
169,650
Xior Student Housing NV(d)
3,301
116,867
Total
15,606,434
Retail REITs 0.9%
Acadia Realty Trust
13,869
290,139
AEON REIT Investment Corp.
178
155,810
Brixmor Property Group, Inc.
25,910
784,296
Choice Properties Real Estate Investment Trust
23,697
275,528
Crombie Real Estate Investment Trust
9,900
118,738
Curbline Properties Corp.
70,044
1,947,924
Eurocommercial Properties NV
3,787
127,287
Federal Realty Investment Trust(c)
25,605
2,785,056
First Capital Realty, Inc.
17,974
281,855
Fortune Real Estate Investment Trust
120,000
83,322
Frasers Centrepoint Trust
121,200
219,395
Frontier Real Estate Investment Corp.
258
147,899
Fukuoka REIT Corp.
62
73,845
Getty Realty Corp.
5,184
170,139
Hammerson PLC
44,238
219,005
Japan Retail Fund Investment Corp.
564
439,869
Kimco Realty Corp.(c)
56,216
1,323,887
Kite Realty Group Trust
18,293
476,533
Lendlease Global Commercial REIT
183,500
83,305
Link REIT (The)
236,800
1,170,712
Macerich Co. (The)
65,317
1,337,039
NetSTREIT Corp.
7,113
147,737
Phillips Edison & Co., Inc.
11,080
435,222
Common Stocks (continued)
Issuer
Shares
Value ($)
Primaris Real Estate Investment Trust
12,900
172,687
Realty Income Corp.(c)
44,017
2,949,139
RioCan Real Estate Investment Trust
25,396
367,335
Scentre Group
458,842
1,247,244
Simon Property Group, Inc.(c)
19,379
3,950,409
Smart Real Estate Investment Trust
10,980
223,536
Vicinity Ltd.
468,561
816,745
Total
22,821,637
Specialized REITs 0.8%
American Tower Corp.
4,710
903,661
CubeSmart
19,264
792,521
Digital Realty Trust, Inc.(c)
19,529
3,460,539
Equinix, Inc.(c)
9,887
9,632,509
Four Corners Property Trust, Inc.
10,200
260,304
Keppel DC REIT
144,708
264,034
National Storage REIT
151,363
299,383
Public Storage(c)
10,073
3,093,015
SmartStop Self Storage REIT, Inc.
34,255
1,142,404
Total
19,848,370
Total Real Estate
175,270,972
Total Common Stocks
(Cost $159,913,146)
176,281,176
Foreign Government Obligations(e),(f) 15.6%
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Austria 0.3%
Republic of Austria Government Bond(d)
02/20/2036
3.200%
EUR
6,800,000
8,222,654
Belgium 0.9%
Kingdom of Belgium Government Bond(d)
06/22/2036
3.400%
EUR
11,300,000
13,643,710
06/22/2055
3.500%
EUR
9,900,000
10,551,315
Total
24,195,025
Canada 1.1%
Canadian Government Bond
06/01/2034
3.000%
CAD
38,500,000
28,204,839
China 2.0%
China Development Bank
07/18/2032
2.960%
CNY
50,950,000
7,933,684
4
Columbia Adaptive Risk Allocation Fund  | 2026

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Foreign Government Obligations(e),(f) (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
China Government Bond
05/15/2032
2.760%
CNY
52,400,000
8,166,929
05/25/2033
2.670%
CNY
27,130,000
4,226,369
05/25/2034
2.270%
CNY
45,000,000
6,831,629
08/25/2035
1.830%
CNY
90,000,000
13,159,553
11/15/2035
1.780%
CNY
70,000,000
10,187,917
10/15/2053
3.000%
CNY
7,000,000
1,161,123
Total
51,667,204
France 2.2%
French Republic Government Bond OAT(d),(g)
11/25/2030
0.000%
EUR
15,428,000
16,231,064
French Republic Government Bond OAT(d)
05/25/2033
3.000%
EUR
19,800,000
23,582,573
05/25/2036
1.250%
EUR
8,757,000
8,533,929
05/25/2040
0.500%
EUR
9,000,000
6,956,923
Total
55,304,489
Germany 0.1%
Bundesrepublik Deutschland Bundesanleihe(d)
08/15/2056
2.900%
EUR
2,300,000
2,503,286
Indonesia 0.7%
Indonesia Treasury Bond
04/15/2036
6.500%
IDR
294,000,000,000
17,647,541
Italy 0.2%
Italy Buoni Poliennali Del Tesoro(d)
02/01/2037
4.000%
EUR
4,850,000
6,098,269
Japan 1.9%
Japan Government 10-Year Bond
06/20/2031
0.100%
JPY
1,289,450,000
7,625,015
Japan Government 20-Year Bond
06/20/2041
0.400%
JPY
651,800,000
2,992,115
03/20/2042
0.800%
JPY
613,850,000
2,955,479
03/20/2043
1.100%
JPY
868,150,000
4,294,145
Japan Government 30-Year Bond
06/20/2051
0.700%
JPY
510,700,000
1,817,368
09/20/2051
0.700%
JPY
508,500,000
1,791,672
12/20/2051
0.700%
JPY
506,900,000
1,771,847
03/20/2052
1.000%
JPY
484,850,000
1,845,588
03/20/2053
1.400%
JPY
678,750,000
2,842,031
06/20/2054
2.200%
JPY
83,300,000
421,586
Japan Government 40-Year Bond
03/20/2063
1.300%
JPY
209,250,000
750,063
03/20/2064
2.200%
JPY
42,600,000
200,190
Japan Government Ten-Year Bond
09/20/2035
1.700%
JPY
1,103,700,000
6,838,749
Japan Government Thirty-Year Bond
09/20/2055
3.200%
JPY
507,000,000
3,159,660
Foreign Government Obligations(e),(f) (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
Japan Government Twenty-Year Bond
09/20/2040
0.400%
JPY
900,000,000
4,235,571
09/20/2045
2.700%
JPY
625,000,000
3,853,906
Total
47,394,985
Mexico 1.1%
Mexican Bonos
02/21/2036
8.000%
MXN
500,000,000
27,749,971
Netherlands 0.5%
Netherlands Government Bond(d)
07/15/2035
2.500%
EUR
11,000,000
12,775,983
New Zealand 1.3%
New Zealand Government Bond
05/15/2034
4.250%
NZD
38,000,000
22,952,461
05/15/2035
4.500%
NZD
7,000,000
4,277,355
05/15/2036
4.250%
NZD
11,000,000
6,549,821
Total
33,779,637
Poland 0.7%
Republic of Poland Government Bond
10/25/2035
5.000%
PLN
60,000,000
16,878,720
Sweden 2.0%
Sweden Government Bond(d)
05/11/2035
2.250%
SEK
212,000,000
23,008,820
10/15/2036
2.500%
SEK
205,000,000
22,446,074
Sweden Government Bond
03/30/2039
3.500%
SEK
51,500,000
6,186,343
Total
51,641,237
United Kingdom 0.6%
United Kingdom Gilt(d)
07/31/2054
4.375%
GBP
13,500,000
16,376,185
Total Foreign Government Obligations
(Cost $414,181,614)
400,440,025
Inflation-Indexed Bonds(e) 14.5%
 
 
 
 
 
Canada 0.7%
Canadian Government Real Return Bond
12/01/2031
4.000%
CAD
3,532,047
3,038,716
12/01/2036
3.000%
CAD
15,155,304
13,065,883
12/01/2041
2.000%
CAD
1,954,020
1,538,532
12/01/2054
0.250%
CAD
2,717,358
1,388,656
Total
19,031,787
France 1.3%
France Government Bond OAT(d)
07/25/2032
3.150%
EUR
10,676,288
14,474,930
07/25/2047
0.100%
EUR
1,348,022
1,104,185
Columbia Adaptive Risk Allocation Fund  | 2026
5

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Inflation-Indexed Bonds(e) (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
French Republic Government Bond OAT(d)
03/01/2036
0.100%
EUR
5,162,265
5,264,272
07/25/2036
0.100%
EUR
6,389,260
6,661,896
07/25/2040
1.800%
EUR
4,605,223
5,612,789
07/25/2043
0.950%
EUR
1,154,428
1,208,377
Total
34,326,449
Germany 0.1%
Bundesrepublik Deutschland Bundesobligation Inflation-Linked Bond(d)
04/15/2030
0.500%
EUR
1,299,800
1,541,740
Deutsche Bundesrepublik Inflation-Linked Bond(d)
04/15/2033
0.100%
EUR
1,233,620
1,408,510
Total
2,950,250
Italy 0.8%
Italy Buoni Poliennali Del Tesoro(d)
05/15/2028
1.300%
EUR
11,210,966
13,483,751
05/15/2036
1.800%
EUR
5,281,350
6,431,214
Total
19,914,965
Mexico 0.2%
Mexican Udibonos
11/22/2035
4.500%
MXN
87,173,550
5,201,007
Sweden 0.3%
Sweden Inflation Linked Bond(d)
06/01/2036
0.750%
SEK
75,214,650
8,178,795
United Kingdom 3.6%
United Kingdom Gilt Inflation-Linked Bond(d)
03/22/2029
0.125%
GBP
12,324,803
16,489,515
08/10/2031
0.125%
GBP
3,060,156
4,027,995
03/22/2034
0.750%
GBP
6,387,199
8,391,070
11/22/2037
1.125%
GBP
10,791,353
14,082,806
03/22/2039
0.125%
GBP
5,987,079
6,685,239
03/22/2044
0.125%
GBP
5,950,184
5,951,385
11/22/2047
0.750%
GBP
5,503,820
5,978,401
03/22/2050
0.500%
GBP
5,195,858
5,137,383
03/22/2052
0.250%
GBP
5,444,724
4,899,409
11/22/2056
0.125%
GBP
6,859,468
5,596,048
11/22/2065
0.125%
GBP
5,410,221
4,001,241
03/22/2068
0.125%
GBP
3,125,536
2,277,659
United Kingdom Inflation-Linked Gilt(d)
09/22/2035
1.125%
GBP
7,073,364
9,448,709
Total
92,966,860
United States 7.5%
U.S. Treasury Inflation-Indexed Bond
07/15/2027
0.375%
 
18,042,959
18,016,176
01/15/2028
0.500%
 
20,700,759
20,560,867
01/15/2029
0.875%
 
23,028,971
22,980,394
07/15/2029
0.250%
 
13,318,604
13,039,226
07/15/2030
0.125%
 
20,126,503
19,370,187
Inflation-Indexed Bonds(e) (continued)
Issuer
Coupon
Rate
 
Principal
Amount ($)
Value ($)
04/15/2032
3.375%
 
23,255,384
26,132,330
07/15/2034
1.875%
 
16,954,493
17,436,636
01/15/2035
2.125%
 
6,161,040
6,418,793
07/15/2035
1.875%
 
12,110,520
12,366,450
01/15/2036
1.875%
 
7,978,400
8,102,439
02/15/2042
0.750%
 
9,478,165
7,640,660
02/15/2043
0.625%
 
5,707,025
4,408,454
02/15/2045
0.750%
 
6,313,730
4,780,924
02/15/2050
0.250%
 
9,012,217
5,431,973
02/15/2053
1.500%
 
4,142,646
3,362,825
02/15/2055
2.375%
 
1,540,440
1,519,018
Total
191,567,352
Total Inflation-Indexed Bonds
(Cost $406,233,521)
374,137,465
Residential Mortgage-Backed Securities - Agency 4.1%
 
 
 
 
 
Government National Mortgage Association TBA(h)
03/19/2056
3.000%
 
11,950,000
10,959,091
03/19/2056
3.500%
 
9,650,000
9,055,803
03/19/2056
4.000%
 
6,620,000
6,367,603
Uniform Mortgage-Backed Security TBA(h)
03/17/2041
2.500%
 
6,148,328
5,861,185
03/17/2041-
03/13/2054
3.000%
 
32,200,000
29,351,353
03/13/2055
3.500%
 
17,400,000
16,395,680
03/13/2055
4.000%
 
15,140,000
14,713,254
03/12/2056
4.500%
 
12,330,000
12,192,523
Total Residential Mortgage-Backed Securities - Agency
(Cost $103,094,496)
104,896,492
U.S. Treasury Obligations 8.5%
 
 
 
 
 
U.S. Treasury
08/15/2030
0.625%
 
11,479,000
10,131,114
02/15/2031
1.125%
 
20,693,000
18,468,503
08/15/2031
1.250%
 
19,572,000
17,324,278
11/15/2031
1.375%
 
8,966,000
7,937,712
05/15/2033
3.375%
 
113,380,000
110,740,372
05/15/2034
4.375%
 
47,000,000
48,799,219
08/15/2034
3.875%
 
5,000,000
5,007,031
Total U.S. Treasury Obligations
(Cost $223,763,520)
218,408,229
6
Columbia Adaptive Risk Allocation Fund  | 2026

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Money Market Funds 34.2%
 
Shares
Value ($)
Columbia Short-Term Cash Fund, 3.777%(a),(i)
880,213,617
880,037,575
Total Money Market Funds
(Cost $879,964,827)
880,037,575
Total Investments in Securities
(Cost: $2,392,554,964)
2,388,983,971
Other Assets & Liabilities, Net
181,709,903
Net Assets
2,570,693,874
At February 28, 2026, securities and/or cash totaling $222,741,868 were pledged as collateral.
Investments in derivatives
Forward foreign currency exchange contracts
Currency to
be sold
Currency to
be purchased
Counterparty
Settlement
date
Unrealized
appreciation ($)
Unrealized
depreciation ($)
11,174,000 CAD
8,171,235 USD
Barclays
03/11/2026
(23,418
)
647,000 CHF
839,832 USD
Barclays
03/11/2026
(2,537
)
232,545,288 EUR
276,917,719 USD
Barclays
03/11/2026
2,018,803
99,528,000 JPY
649,485 USD
Barclays
03/11/2026
11,704
11,067,000 NZD
6,642,866 USD
Barclays
03/11/2026
2,024
4,363,000 SEK
484,620 USD
Barclays
03/11/2026
1,086
7,789,276 USD
5,693,000 GBP
Barclays
03/11/2026
(116,908
)
11,531,000 AUD
8,144,345 USD
Citi
03/11/2026
(61,414
)
7,475,000 EUR
8,846,745 USD
Citi
03/11/2026
10,318
16,866,580,988 JPY
110,088,709 USD
Citi
03/11/2026
2,006,730
23,159,000 NOK
2,415,843 USD
Citi
03/11/2026
(19,699
)
864,564,000 SEK
97,057,833 USD
Citi
03/11/2026
1,241,669
58,192,388 USD
8,916,778,000 JPY
Citi
03/11/2026
(1,053,184
)
20,993,502 USD
34,978,000 NZD
Citi
03/11/2026
(4,673
)
32,461,000 CHF
42,132,520 USD
Goldman Sachs International
03/11/2026
(130,454
)
4,021,000 EUR
4,746,116 USD
Goldman Sachs International
03/11/2026
(7,231
)
26,966,000 HKD
3,462,211 USD
Goldman Sachs International
03/11/2026
13,970
16,547,000 JPY
106,408 USD
Goldman Sachs International
03/11/2026
374
39,208,000 NOK
4,099,021 USD
Goldman Sachs International
03/11/2026
(24,332
)
398,324,164 CNY
57,142,477 USD
HSBC
03/11/2026
(897,685
)
530,000 EUR
626,220 USD
HSBC
03/11/2026
(310
)
81,267,000 NZD
48,687,872 USD
HSBC
03/11/2026
(77,041
)
154,264,000 SEK
17,136,412 USD
HSBC
03/11/2026
39,951
4,606,000 SGD
3,639,711 USD
HSBC
03/11/2026
(4,030
)
27,277,863 USD
23,076,000 EUR
HSBC
03/11/2026
985
3,163,428 USD
30,181,000 NOK
HSBC
03/11/2026
10,590
18,020,630 USD
30,079,000 NZD
HSBC
03/11/2026
28,515
26,527,000 AUD
18,672,623 USD
HSBC
03/26/2026
(203,486
)
999,000 NZD
595,046 USD
HSBC
03/26/2026
(4,802
)
214,445,000 SEK
23,665,403 USD
HSBC
03/26/2026
(122,623
)
1,664,000 AUD
1,179,429 USD
JPMorgan
03/11/2026
(4,717
)
64,052,853 CAD
46,906,663 USD
JPMorgan
03/11/2026
(67,639
)
9,098,000 EUR
10,732,537 USD
JPMorgan
03/11/2026
(22,488
)
149,823,265 GBP
205,334,283 USD
JPMorgan
03/11/2026
3,419,766
6,249,000 NZD
3,757,242 USD
JPMorgan
03/11/2026
7,480
14,895,237 USD
20,339,000 CAD
JPMorgan
03/11/2026
20,731
17,475,762 USD
2,727,345,000 JPY
JPMorgan
03/11/2026
1,215
909,507 USD
140,319,000 JPY
JPMorgan
03/11/2026
(10,335
)
9,932,000 CHF
12,768,529 USD
Morgan Stanley
03/11/2026
(162,553
)
Columbia Adaptive Risk Allocation Fund  | 2026
7

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Forward foreign currency exchange contracts (continued)
Currency to
be sold
Currency to
be purchased
Counterparty
Settlement
date
Unrealized
appreciation ($)
Unrealized
depreciation ($)
6,569,000 EUR
7,769,921 USD
Morgan Stanley
03/11/2026
4,505
527,662,000 MXN
30,397,287 USD
Morgan Stanley
03/11/2026
(217,565
)
20,112,000 NOK
2,061,427 USD
Morgan Stanley
03/11/2026
(53,674
)
9,507,000 NZD
5,673,968 USD
Morgan Stanley
03/11/2026
(30,784
)
4,179,007 USD
3,192,000 CHF
Morgan Stanley
03/11/2026
(23,145
)
1,222,479 USD
1,034,000 EUR
Morgan Stanley
03/11/2026
(156
)
21,713,763 USD
16,012,000 GBP
Morgan Stanley
03/11/2026
(134,636
)
44,607,461 USD
435,206,000 NOK
Morgan Stanley
03/11/2026
1,161,461
7,339,000 CAD
5,356,964 USD
Morgan Stanley
03/26/2026
(28,758
)
4,156,743 USD
3,200,000 CHF
Morgan Stanley
03/26/2026
17,440
13,870,000 ZAR
866,037 USD
Standard Chartered
03/11/2026
(4,414
)
5,585,000 CAD
4,084,667 USD
State Street
03/11/2026
(11,192
)
861,000 EUR
1,017,256 USD
State Street
03/11/2026
(559
)
15,513,000 CHF
20,090,908 USD
State Street
03/26/2026
(144,750
)
24,607,000 EUR
29,019,567 USD
State Street
03/26/2026
(93,607
)
2,567,000 GBP
3,461,359 USD
State Street
03/26/2026
1,686
74,558,000 HKD
9,542,128 USD
State Street
03/26/2026
851
11,235,000 SGD
8,882,973 USD
State Street
03/26/2026
(15,611
)
27,154,000 AUD
18,828,584 USD
UBS
03/11/2026
(494,909
)
41,622,000 NOK
4,283,399 USD
UBS
03/11/2026
(93,825
)
6,253,081 USD
9,018,000 AUD
UBS
03/11/2026
164,362
5,822,964 USD
7,890,000 CAD
UBS
03/11/2026
(36,692
)
9,421,286 USD
7,278,000 CHF
UBS
03/11/2026
54,390
5,588,975 USD
9,277,000 NZD
UBS
03/11/2026
(22,237
)
12,387,000 AUD
8,687,786 USD
Wells Fargo
03/11/2026
(127,125
)
23,730,000 DKK
3,784,871 USD
Wells Fargo
03/11/2026
30,277
1,627,000 EUR
1,925,188 USD
Wells Fargo
03/11/2026
1,861
903,000 GBP
1,232,022 USD
Wells Fargo
03/11/2026
15,063
404,357,000 JPY
2,623,633 USD
Wells Fargo
03/11/2026
32,492
428,252,000 JPY
2,734,481 USD
Wells Fargo
03/11/2026
(9,781
)
497,894,000 MXN
28,898,299 USD
Wells Fargo
03/11/2026
10,581
23,929,000 NZD
14,490,038 USD
Wells Fargo
03/11/2026
131,251
61,163,000 PLN
17,122,315 USD
Wells Fargo
03/11/2026
5,309
874,000 SEK
97,787 USD
Wells Fargo
03/11/2026
925
5,272,000 SEK
582,712 USD
Wells Fargo
03/11/2026
(1,563
)
576,393 USD
824,000 AUD
Wells Fargo
03/11/2026
9,987
5,278,727 USD
7,417,000 AUD
Wells Fargo
03/11/2026
(597
)
14,865,086 USD
20,263,000 CAD
Wells Fargo
03/11/2026
(4,853
)
7,242,844 USD
5,563,000 CHF
Wells Fargo
03/11/2026
(32
)
3,019,142 USD
2,557,000 EUR
Wells Fargo
03/11/2026
3,566
153,842 USD
129,000 EUR
Wells Fargo
03/11/2026
(1,347
)
23,818,970 USD
17,639,000 GBP
Wells Fargo
03/11/2026
(47,161
)
1,361,254 USD
211,529,000 JPY
Wells Fargo
03/11/2026
(5,765
)
25,489,419 USD
441,630,000 MXN
Wells Fargo
03/11/2026
133,872
696,083 USD
1,153,000 NZD
Wells Fargo
03/11/2026
(4,216
)
2,214,461 USD
19,954,000 SEK
Wells Fargo
03/11/2026
(3,039
)
1,262,000 EUR
1,491,005 USD
Wells Fargo
03/26/2026
(2,100
)
4,895,070,000 JPY
31,470,979 USD
Wells Fargo
03/26/2026
61,136
1,411,454 USD
1,048,000 GBP
Wells Fargo
03/26/2026
988
744,730 USD
550,000 GBP
Wells Fargo
03/26/2026
(3,468
)
426,092 USD
3,844,000 SEK
Wells Fargo
03/26/2026
317
Total
 
 
10,678,231
(4,639,120
)
8
Columbia Adaptive Risk Allocation Fund  | 2026

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Long futures contracts
Description
Number of
contracts
Expiration
date
Trading
currency
Notional
amount
Value/Unrealized
appreciation ($)
Value/Unrealized
depreciation ($)
10-Year Mini Japanese Government Bond
365
03/2026
JPY
4,847,930,000
307,744
Canadian Government 10-Year Bond
380
06/2026
CAD
46,679,200
149,751
Euro-Bobl
27
03/2026
EUR
3,171,420
25,649
Euro-BTP
42
03/2026
EUR
5,159,700
120,735
Euro-Bund
90
03/2026
EUR
11,720,700
182,313
Euro-Buxl 30-Year
124
03/2026
EUR
14,118,640
218,009
Long Gilt
135
06/2026
GBP
12,646,800
94,038
MSCI EAFE Index
1,316
03/2026
USD
208,263,580
17,498,700
MSCI Emerging Markets Index
1,836
03/2026
USD
147,219,660
18,594,204
S&P 500 Index E-mini
1,716
03/2026
USD
591,076,200
(163,154
)
S&P/TSX 60 Index
229
03/2026
CAD
90,294,700
3,877,089
U.S. Treasury 10-Year Note
1,567
06/2026
USD
178,344,188
461,773
U.S. Treasury Ultra 10-Year Note
2,481
06/2026
USD
289,617,984
1,411,929
Total
 
 
 
42,941,934
(163,154
)
Short futures contracts
Description
Number of
contracts
Expiration
date
Trading
currency
Notional
amount
Value/Unrealized
appreciation ($)
Value/Unrealized
depreciation ($)
Australian 10-Year Bond
(367)
03/2026
AUD
(40,580,041
)
(399,118
)
Euro STOXX 50 Index
(530)
03/2026
EUR
(32,610,900
)
(1,606,984
)
SPI 200 Index
(173)
03/2026
AUD
(39,660,250
)
(1,380,806
)
U.S. Treasury 5-Year Note
(627)
06/2026
USD
(69,058,172
)
(192,183
)
Total
 
 
 
(3,579,091
)
Cleared credit default swap contracts - sell protection
Reference
entity
Counterparty
Maturity
date
Receive
fixed
rate
(%)
Payment
frequency
Implied
credit
spread
(%)*
Notional
currency
Notional
amount
Value
($)
Upfront
payments
($)
Upfront
receipts
($)
Unrealized
appreciation
($)
Unrealized
depreciation
($)
CDX Emerging Markets
Index, Series 44
Morgan Stanley
12/20/2030
1.000
Quarterly
1.347
USD
203,807,000
709,401
709,401
CDX Emerging Markets
Index, Series 44
Morgan Stanley
12/20/2030
1.000
Quarterly
1.347
USD
4,640,000
(2,062
)
(2,062
)
CDX North America High
Yield Index, Series 45
Morgan Stanley
12/20/2030
5.000
Quarterly
3.304
USD
347,090,040
2,968,102
2,968,102
CDX North America High
Yield Index, Series 45
Morgan Stanley
12/20/2030
5.000
Quarterly
3.304
USD
9,751,500
(17,741
)
(17,741
)
CDX North America
Investment Grade Index,
Series 45
Morgan Stanley
12/20/2030
1.000
Quarterly
0.557
USD
201,418,000
165,349
165,349
Total
 
 
 
 
3,823,049
3,842,852
(19,803
)
* Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.
Columbia Adaptive Risk Allocation Fund  | 2026
9

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Swap arrangement - contracts for differences
Fund receives
Fund pays
Payment
frequency
Counterparty
Maturity
date
Notional
currency
Notional
amount
Value
($)
Cash & other
receivable
(payable) ($)
Unrealized
appreciation
($)
Unrealized
depreciation
($)
Appreciation on underlying
contracts for differences
(CFDs), accrued income on
long CFDs, and SOFR, SARON,
SONIA, STIBOR or ESTR less
spreads of 40-85 bps on short
CFDs
Depreciation on underlying CFDs,
accrued income on underlying
short CFDs, and SOFR, SONIA,
or ESTR plus a spread of 40-45
bps on long CFDs
Monthly
Goldman Sachs
International
02/26/2029
USD
75,739,791
(778,202
)
(538,646
)
(1,316,848
)
The following table represents the contracts for differences underlying the swap arrangement as of February 28, 2026. Percentages represent the unrealized appreciation (depreciation) of each underlying contract for difference compared to the aggregate unrealized appreciation (depreciation) of the swap arrangement:
Description
Shares
Notional Amount ($)
Appreciation (Depreciation) ($)
(%)
Long Equity Contracts for Differences
Real Estate
Diversified REITs
British Land Co. PLC (The)
771,988
4,240,386
3,772
(0.3
)
Broadstone Net Lease, Inc.
44,446
882,253
(20,445
)
1.6
Capital & Counties Properties PLC
131,048
263,579
8,575
(0.7
)
Fonciere Des Regions
18,540
1,196,463
162,480
(12.3
)
WP Carey, Inc.
3,500
259,560
1,715
(0.1
)
Health Care REITs
American Healthcare REIT, Inc.
35,926
1,904,078
(27,304
)
2.1
Omega Healthcare Investors, Inc.
2,243
107,440
830
(0.1
)
Primary Health Properties PLC
1,541,070
2,238,472
10,728
(0.8
)
Target Healthcare REIT PLC
1,250,132
1,800,612
12,905
(1.0
)
Hotel & Resort REITs
Apple Hospitality REIT, Inc.
23,755
291,949
(713
)
0.1
DiamondRock Hospitality Co.
17,900
178,821
895
(0.1
)
Host Hotels & Resorts, Inc.
27,331
546,893
(11,479
)
0.9
Park Hotels & Resorts, Inc.
18,498
212,172
(2,960
)
0.2
Ryman Hospitality Properties, Inc.
23,125
2,360,600
(77,006
)
5.8
Industrial REITs
ARGAN SA
20,197
1,591,843
103,037
(7.8
)
EastGroup Properties, Inc.
2,460
474,362
8,561
(0.7
)
First Industrial Realty Trust, Inc.
11,224
674,001
34,682
(2.6
)
LondonMetric Property PLC
388,882
1,106,530
15,839
(1.2
)
Rexford Industrial Realty, Inc.
22,024
827,441
(2,202
)
0.2
Segro PLC
24,906
264,893
17,052
(1.3
)
STAG Industrial, Inc.
18,539
711,527
15,573
(1.2
)
Office REITs
BXP, Inc.
13,252
803,866
(40,816
)
3.1
Gecina SA
4,380
390,117
14,257
(1.1
)
Highwoods Properties, Inc.
10,640
244,188
(4,894
)
0.4
Vornado Realty Trust
29,330
851,157
(42,235
)
3.2
Real Estate Management & Development
TAG Immobilien AG
1
15
0
Residential REITs
AvalonBay Communities, Inc.
21,562
3,830,490
(9,056
)
0.7
Equity LifeStyle Properties, Inc.
8,343
566,406
(6,091
)
0.5
Unite Group PLC (The)
39,263
309,385
(43,245
)
3.3
Retail REITs
Agree Realty Corp.
24,146
1,911,639
31,631
(2.4
)
InvenTrust Properties Corp.
62,642
1,946,913
7,517
(0.6
)
Klepierre
17,873
711,048
41,111
(3.1
)
10
Columbia Adaptive Risk Allocation Fund  | 2026

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Description
Shares
Notional Amount ($)
Appreciation (Depreciation) ($)
(%)
Macerich Co. (The)
42,658
801,544
71,666
(5.4
)
NNN REIT, Inc.
17,041
763,266
9,032
(0.7
)
Specialized REITs
Gaming and Leisure Properties, Inc.
95,413
4,510,172
156,477
(11.9
)
Iron Mountain, Inc.
24,170
2,629,454
(11,118
)
0.8
National Storage Affiliates Trust
6,737
229,530
6,400
(0.5
)
Safestore Holdings PLC
88,091
940,256
1,161
(0.1
)
Total
43,573,321
436,332
Description
Shares
Notional Amount ($)
Appreciation (Depreciation) ($)
(%)
Short Equity Contracts for Differences
Real Estate
Diversified REITs
Land Securities Group PLC
(99,916
)
(881,500
)
13,455
(1.0
)
Health Care REITs
Care Property Invest NV
(46,764
)
(733,823
)
(28,422
)
2.2
Healthcare Realty Trust, Inc.
(34,165
)
(633,077
)
2,733
(0.2
)
Sabra Health Care REIT, Inc.
(35,871
)
(738,584
)
1,435
(0.1
)
Industrial REITs
Lineage, Inc.
(15,771
)
(585,419
)
(53,621
)
4.1
Office REITs
Derwent London PLC
(59,879
)
(1,434,835
)
(23,729
)
1.8
Great Portland Estates PLC
(419,770
)
(1,875,887
)
(85,569
)
6.5
Inmobiliaria Colonial Socimi SA
(272,338
)
(1,681,658
)
(147,200
)
11.2
Kilroy Realty Corp.
(12,266
)
(390,181
)
24,409
(1.9
)
Workspace Group PLC
(204,780
)
(1,147,037
)
(39,642
)
3.0
Real Estate Management & Development
Allreal Holding AG
(15,267
)
(4,529,649
)
(151,194
)
11.5
Aroundtown SA
(484,204
)
(1,624,673
)
(122,997
)
9.3
Atrium Ljungberg AB, Class B
(370,935
)
(1,333,680
)
(118,403
)
9.0
Cibus Nordic Real Estate AB
(21,897
)
(360,841
)
(10,270
)
0.8
Dios Fastigheter AB
(144,428
)
(1,137,943
)
14,667
(1.1
)
Hufvudstaden AB
(223,406
)
(3,105,403
)
(122,684
)
9.3
Kojamo OYJ
(160,018
)
(1,806,448
)
(56,908
)
4.3
LEG Immobilien SE
(11,296
)
(916,294
)
(28,699
)
2.2
Mobimo Holding AG
(1,714
)
(849,044
)
(43,792
)
3.3
Sirius Real Estate Ltd.
(969,353
)
(1,327,832
)
(133,972
)
10.2
Residential REITs
American Homes 4 Rent, Class A
(46,471
)
(1,350,071
)
(44,059
)
3.3
Grainger PLC
(492,864
)
(1,273,105
)
(2,175
)
0.2
Retail REITs
Regency Centers Corp.
(14,340
)
(1,110,926
)
(21,934
)
1.7
Supermarket Income REIT PLC
(998,423
)
(1,159,119
)
(33,016
)
2.5
Specialized REITs
EPR Properties
(3,070
)
(179,441
)
(2,947
)
0.2
Total
(32,166,470
)
(1,214,534
)
Columbia Adaptive Risk Allocation Fund  | 2026
11

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Swap arrangement - contracts for differences
Fund receives
Fund pays
Payment
frequency
Counterparty
Maturity
date
Notional
currency
Notional
amount
Value
($)
Cash & other
receivable
(payable) ($)
Unrealized
appreciation
($)
Unrealized
depreciation
($)
Appreciation on underlying
contracts for differences
(CFDs), accrued income on long
CFDs, and 1-Day Overnight Fed
Funds Effective Rate less a
spread of 35 basis points on
short CFDs
Depreciation on underlying CFDs,
accrued income on underlying
short CFDs, and 1-Day Overnight
Fed Funds Effective Rate plus a
spread of 40 basis points on
long CFDs
Monthly
Morgan Stanley
08/04/2027
USD
7,966,427
166,199
88,332
254,531
The following table represents the contracts for differences underlying the swap arrangement as of February 28, 2026. Percentages represent the unrealized appreciation (depreciation) of each underlying contract for difference compared to the aggregate unrealized appreciation (depreciation) of the swap arrangement:
Description
Shares
Notional Amount ($)
Appreciation (Depreciation) ($)
(%)
Long Equity Contracts for Differences
Real Estate
Diversified REITs
Essential Properties Realty Trust, Inc.
86,243
2,819,284
107,804
42.4
Office REITs
Brandywine Realty Trust
19,600
60,368
2,156
0.8
Residential REITs
Sun Communities, Inc.
22,169
2,914,558
110,623
43.5
Total
5,794,210
220,583
Description
Shares
Notional Amount ($)
Appreciation (Depreciation) ($)
(%)
Short Equity Contracts for Differences
Real Estate
Hotel & Resort REITs
Pebblebrook Hotel Trust
(132,532
)
(1,676,530
)
(23,856
)
(9.4
)
Retail REITs
Tanger, Inc.
(14,199
)
(495,687
)
(30,528
)
(12.0
)
Total
(2,172,217
)
(54,384
)
Swap arrangement - contracts for differences
Fund receives
Fund pays
Payment
frequency
Counterparty
Maturity
date
Notional
currency
Notional
amount
Value
($)
Cash & other
receivable
(payable) ($)
Unrealized
appreciation
($)
Unrealized
depreciation
($)
Appreciation on underlying
contracts for differences (CFDs)
and accrued income on long
CFDs, and OBFR, SONIA, ESTR,
SARON or STIBOR on short
CFDs
Depreciation on underlying CFDs
and OBFR, SONIA, ESTR, SARON
or STIBOR plus a spread of
29.5-46.5 basis points on long
CFDs
Monthly
UBS
12/01/2028
USD
26,752,969
54,842
(150,737
)
(95,895
)
The following table represents the contracts for differences underlying the swap arrangement as of February 28, 2026. Percentages represent the unrealized appreciation (depreciation) of each underlying contract for difference compared to the aggregate unrealized appreciation (depreciation) of the swap arrangement:
Description
Shares
Notional Amount ($)
Appreciation (Depreciation) ($)
(%)
Long Equity Contracts for Differences
Real Estate
Industrial REITs
Americold Realty Trust, Inc.
89,404
1,101,457
95,662
(99.8
)
Tritax Big Box REIT PLC
645,148
1,490,970
3,720
(3.9
)
12
Columbia Adaptive Risk Allocation Fund  | 2026

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Description
Shares
Notional Amount ($)
Appreciation (Depreciation) ($)
(%)
Retail REITs
Carmila SA
4,861
98,056
8,019
(8.4
)
Mercialys SA
7,713
107,171
4,519
(4.7
)
Unibail-Rodamco-Westfield
27,947
3,330,496
170,917
(178.2
)
Specialized REITs
Big Yellow Group PLC
152,552
2,155,884
(26,127
)
27.2
Extra Space Storage, Inc.
18,446
2,727,057
58,843
(61.4
)
Total
11,011,091
315,553
Description
Shares
Notional Amount ($)
Appreciation (Depreciation) ($)
(%)
Short Equity Contracts for Differences
Real Estate
Diversified REITs
ICADE
(71,907
)
(1,779,481
)
(43,300
)
45.2
Hotel & Resort REITs
RLJ Lodging Trust
(209,866
)
(1,739,789
)
56,664
(59.1
)
Industrial REITs
Terreno Realty Corp
(17,686
)
(1,170,636
)
2,299
(2.4
)
Office REITs
Corporate Office Properties Trust
(16,480
)
(523,075
)
(659
)
0.7
JBG Smith Properties
(26,169
)
(418,181
)
20,150
(21.0
)
Real Estate Management & Development
Vonovia SE
(122,059
)
(3,912,666
)
(226,052
)
235.7
Wallenstam AB
(367,764
)
(1,752,106
)
(108,624
)
113.3
Residential REITs
UDR, Inc.
(9,172
)
(348,536
)
4,586
(4.8
)
Retail REITs
Urban Edge Properties
(98,724
)
(2,067,937
)
(29,949
)
31.2
Specialized REITs
Crown Castle International Corp.
(9,260
)
(850,623
)
21,483
(22.4
)
Shurgard Self Storage Ltd.
(12,966
)
(468,703
)
41,424
(43.2
)
VICI Properties, Inc.
(23,465
)
(710,145
)
1,267
(1.3
)
Total
(15,741,878
)
(260,711
)
Reference index and values for swap contracts as of period end
Reference index
 
Reference rate
1-Day Overnight Fed Funds Effective Rate
Overnight Federal Funds Effective Rate
3.640%
3-Month SEK STIBOR
Stockholm Interbank Offered Rate
1.975%
ESTR
Euro Short Term Rate
1.935%
OBFR
Overnight Bank Funding Rate
3.630%
SARON
Swiss Average Rate Overnight
(0.058)%
SOFR
Secured Overnight Financing Rate
3.670%
SONIA
Sterling Overnight Index Average
3.729%
1-Month SEK STIBOR
Stockholm Interbank Offered Rate
1.907%
Columbia Adaptive Risk Allocation Fund  | 2026
13

Portfolio of Investments  (continued)
Columbia Adaptive Risk Allocation Fund, February 28, 2026 (Unaudited)
Notes to Portfolio of Investments
(a)
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($)
Capital gain
distributions($)
Realized gain
(loss)($)
Dividends —
affiliated
issuers ($)
End of
period shares
Columbia Commodity Strategy Fund, Institutional 3 Class
 
259,653,120
159,741,391
(221,127,665
)
36,516,163
234,783,009
26,872,336
6,559,043
19,913,741
Columbia Short-Term Cash Fund, 3.777%
 
1,000,987,905
1,703,781,790
(1,824,887,866
)
155,746
880,037,575
(61,081
)
28,507,117
880,213,617
Total
1,260,641,025
36,671,909
1,114,820,584
26,811,255
35,066,160
(b)
Non-income producing investment.
(c)
This security or a portion of this security has been pledged as collateral in connection with investments sold short and/or derivative contracts.
(d)
Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At February 28, 2026, the total value of these securities amounted to $330,307,653, which represents 12.85% of total net assets.
(e)
Principal amounts are denominated in United States Dollars unless otherwise noted.
(f)
Principal and interest may not be guaranteed by a governmental entity.
(g)
Zero coupon bond.
(h)
Represents a security purchased on a when-issued basis.
(i)
The rate shown is the seven-day current annualized yield at February 28, 2026.
Abbreviation Legend
TBA
To Be Announced
Currency Legend
AUD
Australian Dollar
CAD
Canadian Dollar
CHF
Swiss Franc
CNY
China Yuan Renminbi
DKK
Danish Krone
EUR
Euro
GBP
British Pound
HKD
Hong Kong Dollar
IDR
Indonesian Rupiah
JPY
Japanese Yen
MXN
Mexican Peso
NOK
Norwegian Krone
NZD
New Zealand Dollar
PLN
Polish Zloty
SEK
Swedish Krona
SGD
Singapore Dollar
USD
US Dollar
ZAR
South African Rand
Investments are valued using policies described in the Notes to Financial Statements included within the most recent financial statements and additional information.
14
Columbia Adaptive Risk Allocation Fund  | 2026

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3QT214_05_T01_(04/26)