No
Financial
Institution
Guarantee
BLANKK
FIRST
QUARTER
REPORT
August
31,
2026
(Unaudited)
Columbia
Select
Small
Cap
Value
Fund
Portfolio
of
Investments
Columbia
Select
Small
Cap
Value
Fund,
August
31,
2026
(Unaudited)
(Percentages
represent
value
of
investments
compared
to
net
assets)
Investments
in
Securities
Columbia
Select
Small
Cap
Value
Fund
|
2026
Issuer
.
Shares
.
Value
($)
Common
Stocks
99
.2
%
Consumer
Discretionary
8.7%
Automobile
Components
1.7%
Visteon
Corp.
68,313
6,955,630
Hotels,
Restaurants
&
Leisure
2.8%
Six
Flags
Entertainment
Corp.
(a)
189,114
2,846,166
Texas
Roadhouse,
Inc.
42,901
8,391,435
Total
11,237,601
Household
Durables
1.8%
KB
Home
137,623
7,335,306
Textiles,
Apparel
&
Luxury
Goods
2.4%
Kontoor
Brands,
Inc.
131,686
9,930,441
Total
Consumer
Discretionary
35,458,978
Consumer
Staples
4.7%
Beverages
2.0%
Primo
Brands
Corp.
358,771
8,187,154
Food
Products
2.7%
Nomad
Foods
Ltd.
481,098
5,599,981
Utz
Brands,
Inc.
375,599
5,333,506
Total
10,933,487
Total
Consumer
Staples
19,120,641
Energy
9.7%
Energy
Equipment
&
Services
2.5%
Patterson-UTI
Energy,
Inc.
814,880
10,300,083
Oil,
Gas
&
Consumable
Fuels
7.2%
Murphy
Oil
Corp.
174,159
6,342,871
PBF
Energy,
Inc.,
Class
A
217,995
15,911,455
SM
Energy
Co.
183,834
6,834,948
Total
29,089,274
Total
Energy
39,389,357
Financials
28.8%
Banks
19.5%
Atlantic
Union
Bankshares
Corp.
274,544
11,072,360
Axos
Financial,
Inc.
(a)
120,404
11,653,903
Columbia
Banking
System,
Inc.
341,981
10,136,317
OceanFirst
Financial
Corp.
392,390
7,392,628
Popular,
Inc.
83,154
13,985,671
Seacoast
Banking
Corp.
of
Florida
238,840
8,109,812
Stock
Yards
Bancorp,
Inc.
144,758
11,466,281
Issuer
.
Shares
.
Value
($)
Common
Stocks
(continued)
Triumph
Financial,
Inc.
(a)
74,152
5,283,330
Total
79,100,302
Capital
Markets
3.6%
Lazard,
Inc.
145,545
6,291,911
PJT
Partners,
Inc.,
Class
A
45,344
8,179,604
Total
14,471,515
Financial
Services
1.5%
Radian
Group,
Inc.
176,454
6,327,640
Insurance
4.2%
CNO
Financial
Group,
Inc.
195,236
10,696,980
Hanover
Insurance
Group,
Inc.
27,873
6,302,364
Total
16,999,344
Total
Financials
116,898,801
Health
Care
10.7%
Biotechnology
2.5%
Cytokinetics,
Inc.
(a)
73,629
5,221,032
Syndax
Pharmaceuticals,
Inc.
(a)
256,921
4,956,006
Total
10,177,038
Health
Care
Equipment
&
Supplies
5.0%
CONMED
Corp.
88,183
4,395,923
Integer
Holdings
Corp.
(a)
34,831
4,362,583
LivaNova
PLC
(a)
144,192
11,507,963
Total
20,266,469
Health
Care
Providers
&
Services
1.7%
Tenet
Healthcare
Corp.
(a)
26,459
7,035,713
Life
Sciences
Tools
&
Services
–%
OmniAb,
Inc.
(a),(b),(c),(d)
9,220
—
OmniAb,
Inc.
(a),(b),(c),(d)
9,220
—
Total
—
Pharmaceuticals
1.5%
Ligand
Pharmaceuticals,
Inc.
(a)
21,202
6,023,488
Total
Health
Care
43,502,708
Industrials
16.0%
Aerospace
&
Defense
3.2%
ATI,
Inc.
(a)
35,272
7,202,542
Kratos
Defense
&
Security
Solutions,
Inc.
(a)
117,914
6,011,256
Total
13,213,798
Building
Products
1.9%
Zurn
Elkay
Water
Solutions
Corp.,
Class
C
157,973
7,551,109
Portfolio
of
Investments
(continued)
Columbia
Select
Small
Cap
Value
Fund,
August
31,
2026
(Unaudited)
Columbia
Select
Small
Cap
Value
Fund
|
2026
Notes
to
Portfolio
of
Investments
Issuer
.
Shares
.
Value
($)
Common
Stocks
(continued)
Commercial
Services
&
Supplies
1.3%
HNI
Corp.
108,210
5,240,610
Construction
&
Engineering
1.3%
Primoris
Services
Corp.
74,686
5,385,608
Electrical
Equipment
2.2%
DPC
Holdings
PLC
(a)
38,048
1,596,494
Regal
Rexnord
Corp.
47,519
7,529,386
Total
9,125,880
Ground
Transportation
2.4%
Knight-Swift
Transportation
Holdings,
Inc.
142,343
9,751,919
Machinery
1.9%
Atmus
Filtration
Technologies,
Inc.
160,625
7,586,319
Professional
Services
1.8%
Alight,
Inc.,
Class
A
54,666
782,270
Mobility
Global,
Inc.
315,465
6,403,940
Total
7,186,210
Total
Industrials
65,041,453
Information
Technology
7.5%
Communications
Equipment
4.1%
Extreme
Networks,
Inc.
(a)
363,469
8,174,418
Viavi
Solutions,
Inc.
(a)
237,975
8,636,112
Total
16,810,530
Electronic
Equipment,
Instruments
&
Components
1.4%
Crane
NXT
Co.
114,632
5,605,505
Semiconductors
&
Semiconductor
Equipment
2.0%
Kulicke
&
Soffa
Industries,
Inc.
103,550
8,290,213
Total
Information
Technology
30,706,248
Materials
3.1%
Chemicals
2.4%
Chemours
Co.
335,803
5,225,094
Issuer
.
Shares
.
Value
($)
Common
Stocks
(continued)
Minerals
Technologies,
Inc.
62,679
4,445,195
Total
9,670,289
Containers
&
Packaging
0.7%
O-I
Glass,
Inc.
(a)
408,266
2,968,094
Total
Materials
12,638,383
Real
Estate
7.2%
Health
Care
REITs
2.0%
Sabra
Health
Care
REIT,
Inc.
387,021
7,891,358
Industrial
REITs
1.2%
First
Industrial
Realty
Trust,
Inc.
80,777
4,998,481
Specialized
REITs
4.0%
Gaming
&
Leisure
Properties,
Inc.
117,516
4,943,898
Outfront
Media,
Inc.
385,972
11,339,857
Total
16,283,755
Total
Real
Estate
29,173,594
Utilities
2.8%
Electric
Utilities
2.8%
Portland
General
Electric
Co.
232,754
11,372,361
Total
Utilities
11,372,361
Total
Common
Stocks
(Cost
$
269,834,652
)
403,302,524
.
Shares
.....
Value
($)
Money
Market
Funds
0
.9
%
Columbia
Short-Term
Cash
Fund,
3.871%
(e),(f)
3,735,749
3,733,881
1
1
1
Total
Money
Market
Funds
(Cost
$
3,733,527
)
3,733,881
Total
Investments
in
Securities
(Cost
$
273,568,179
)
407,036,405
Other
Assets
&
Liabilities,
Net
(
315,746
)
Net
Assets
406,720,659
(a)
Non-income
producing
investment.
Portfolio
of
Investments
(continued)
Columbia
Select
Small
Cap
Value
Fund,
August
31,
2026
(Unaudited)
Columbia
Select
Small
Cap
Value
Fund
|
2026
Net
change
in
unrealized
appreciation
(depreciation)
($)
Capital
gain
distributions
($)
Columbia
Short-Term
Cash
Fund
Investments
are
valued
using
policies
described
in
the
Notes
to
Financial
Statements
included
within
the
most
recent
financial
statements
and
additional
information.
(b)
Denotes
a
restricted
security,
which
is
subject
to
legal
or
contractual
restrictions
on
resale
under
federal
securities
laws.
Disposal
of
a
restricted
investment
may
involve
time-consuming
negotiations
and
expenses,
and
prompt
sale
at
an
acceptable
price
may
be
difficult
to
achieve.
Private
placement
securities
are
generally
considered
to
be
restricted,
although
certain
of
those
securities
may
be
traded
between
qualified
institutional
investors
under
the
provisions
of
Section
4(a)(2)
and
Rule
144A.
The
Fund
will
not
incur
any
registration
costs
upon
such
a
trade.
At
August
31,
2026,
the
total
market
value
of
these
securities
amounted
to
$0,
which
represents
less
than
0.01%
of
total
net
assets.
Additional
information
on
these
securities
is
as
follows:
(c)
Valuation
based
on
significant
unobservable
inputs.
(d)
Represents
fair
value
as
determined
in
good
faith
under
procedures
approved
by
the
Board
of
Trustees.
At
August
31,
2026,
the
total
value
of
these
securities
amounted
to
$0,
which
represents
less
than
0.01%
of
total
net
assets.
(e)
The
rate
shown
is
the
seven-day
current
annualized
yield
at
August
31,
2026.
(f)
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
values
of
the
holdings
and
transactions
in
these
affiliated
companies
during
the
period
ended
August
31,
2026
are
as
follows:
Abbreviation
Legend
REIT
Real
Estate
Investment
Trust
You
may
at
any
time
request,
free
of
charge,
to
receive
a
paper
copy
of
this
report
by
calling
800.345.6611.