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COLORADO BONDSHARES A TAX EXEMPT FUND
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N-1A
0.000
0.014
0.002
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0.000
0.840
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2026-03-31
This amendment is being filed to correct the presentation of share activity in the beneficial share ownership table. In the original filing, redemption shares were inadvertently reported as positive amounts. Except as set forth above and the dates included on the signature page and the certifications required by Rule 30a-2(a) and Rule 30a-2(b), this amendment does not amend, update or change any other information or disclosures contained in the original filing.
COLORADO BONDSHARES A TAX-EXEMPT FUND
COLORADO BONDSHARES A TAX-EXEMPT FUND
HICOX
This semi-annual shareholder report contains important information about the Colorado BondShares A Tax-Exempt Fund (“Fund”) for the period of October 1, 2025 to March 31, 2026.
semi-annual shareholder report
You can find additional information about the Fund at www.coloradobondshares.com. You can also request this information by contacting us at 1-800-572-0069.
www.coloradobondshares.com
1-800-572-0069
<div style="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Arial"><div style="color: rgb(0, 47, 135); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">What were the <div style="display:inline;">Fund</div> costs for the last six months? </div></div></div></div> <div style="margin-top:8pt; margin-bottom:0pt; font-size:9.5pt; font-family:Arial"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment) </div></div></div> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:9pt;width:100%;border-spacing:0;margin:0 auto">
<tr>
<td style="width:51%"></td>
<td style="vertical-align:bottom;width:15%"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:5%"></td>
<td style="vertical-align:bottom;width:15%"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:6%"></td></tr>
<tr style="font-size:1pt;background-color:#e5e5e5">
<td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; padding-left:8pt;height:3.75pt"> </td>
<td colspan="4" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3.75pt"> </td>
<td colspan="4" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3.75pt"> </td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:9pt;background-color:#e5e5e5">
<td style="padding-bottom:4pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></div></td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td>
<td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: Arial; font-weight: bold; text-align: right; line-height: normal;">Costs of a $10,000</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: Arial; font-weight: bold; text-align: right; line-height: normal;">investment</div></td>
<td style=" BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td>
<td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: Arial; font-weight: bold; text-align: right; line-height: normal;">Costs paid as a percentage of a</div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 9pt; font-family: Arial; font-weight: bold; text-align: right; line-height: normal;">$10,000 investment*</div></td>
<td style=" BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:bottom"> </td></tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td>
<td colspan="4" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td>
<td colspan="4" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:9.5pt">
<td style="padding-bottom:4pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;white-space:nowrap">Colorado BondShares</td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">$37</td>
<td style="padding-bottom:4pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">0.74%</td>
<td style="padding-bottom:4pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table> <div style="margin-top:12pt; margin-bottom:0pt; font-size:9.5pt; font-family:Arial">*Annualized for period less than one year. </div>
37
0.0074
<div style="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Arial"><div style="color: rgb(0, 47, 135); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">What are the Key Fund statistics you should know? </div></div></div></div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:9.5pt; font-family:Arial">The following table outlines key fund statistic that you should pay attention to: </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:9.5pt;width:100%;border-spacing:0;margin:0 auto">
<tr>
<td style="width:85%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td></td>
<td style="vertical-align:bottom;width:2%"></td></tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td>
<td colspan="4" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:9.5pt">
<td style="padding-bottom:4pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9.5pt; font-family: Arial; line-height: normal;">Fund’s net assets</div></td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,959,473,820 </td>
<td style="padding-bottom:4pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td>
<td colspan="4" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:9.5pt">
<td style="padding-bottom:4pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9.5pt; font-family: Arial; line-height: normal;">Total number of portfolio holdings</div></td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">331</td>
<td style="padding-bottom:4pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td>
<td colspan="4" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:9.5pt">
<td style="padding-bottom:4pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9.5pt; font-family: Arial; line-height: normal;">Total advisory fees paid</div></td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom">$</td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">4,850,825</td>
<td style="padding-bottom:4pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt"> </td>
<td colspan="4" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt"> </td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:9.5pt">
<td style="padding-bottom:4pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 9.5pt; font-family: Arial; line-height: normal;">Portfolio turnover rate as of the end of the reporting period</div></td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td>
<td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1.34%</td>
<td style="padding-bottom:4pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;white-space:nowrap;vertical-align:bottom"> </td></tr></table>
1959473820
331
4850825
0.0134
<div style="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Arial"><div style="color: rgb(0, 47, 135); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">What is the fund invested in? </div></div></div></div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:9.5pt; font-family:Arial">The tables and charts below show the investment makeup of the fund, representing percentage of total net asset of the fund. </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial;text-align:center"><div style="color: rgb(0, 47, 135); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Portfolio Breakdown by Credit Rating </div></div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Arial;text-align:center"><div style="color: rgb(0, 47, 135); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">(As of March 31, 2026) </div></div></div></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img alt="LOGO" src="g940417g26h83.jpg" style="width:4.53281in;height:2.08212in"/>
</div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Arial;text-align:center"><div style="color: rgb(0, 47, 135); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Portfolio Breakdown by Type of Investment </div></div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Arial;text-align:center"><div style="color: rgb(0, 47, 135); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">(As of March 31, 2026) </div></div></div></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center"></div> <div style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img alt="LOGO" src="g940417g00s02.jpg" style="width:4.83752in;height:2.07568in"/>
</div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div>
Annualized for period less than one year.