Not
FDIC
or
NCUA
Insured
No
Financial
Institution
Guarantee
May
Lose
Value
BLANKK
FIRST
QUARTER
REPORT
August
31,
2026
(Unaudited)
Columbia
Commodity
Strategy
Fund
Consolidated
Portfolio
of
Investments
Columbia
Commodity
Strategy
Fund,
August
31,
2026
(Unaudited)
(Percentages
represent
value
of
investments
compared
to
net
assets)
Investments
in
Securities
Columbia
Commodity
Strategy
Fund
|
2026
2
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Corporate
Bonds
22
.2
%
Aerospace
&
Defense
1.0%
BAE
Systems
PLC
(a)
03/26/2029
5.125%
1,150,000
1,159,972
Boeing
Co.
03/01/2029
3.200%
1,250,000
1,201,977
L3Harris
Technologies,
Inc.
06/15/2028
4.400%
1,125,000
1,118,676
RTX
Corp.
03/15/2027
3.500%
1,100,000
1,095,456
Total
4,576,081
Auto
Manufacturers
0.2%
Toyota
Motor
Credit
Corp.
(b)
Series
B
1
day
USD
SOFR
Index
+
0.480%
05/12/2028
4.144%
1,100,000
1,100,445
1
1
1
1
1,100,445
Banks
6.1%
Bank
of
America
Corp.
(b)
1
day
USD
SOFR
+
1.110%05/09/2029
4.774%
2,150,000
2,166,058
Bank
of
Montreal
02/01/2028
5.203%
1,100,000
1,108,576
Bank
of
New
York
Mellon
Corp.
(b)
1
day
USD
SOFR
Index
+
0.680%06/09/2028
4.325%
1,100,000
1,101,286
Bank
of
Nova
Scotia
(b)
Series
I
1
day
USD
SOFR
+
0.760%
09/15/2028
4.408%
1,100,000
1,101,679
Canadian
Imperial
Bank
of
Commerce
(c)
09/08/2028
4.243%
1,100,000
1,095,458
Citigroup,
Inc.
(b)
1
day
USD
SOFR
+
0.870%03/04/2029
4.515%
2,150,000
2,154,095
Cooperatieve
Rabobank
UA
(b)
1
day
USD
SOFR
Index
+
0.410%06/09/2028
4.055%
1,175,000
1,174,630
Goldman
Sachs
Group,
Inc.
(c)
03/15/2028
3.615%
2,100,000
2,089,435
HSBC
Holdings
PLC
(c)
08/11/2028
5.210%
1,425,000
1,431,831
JPMorgan
Chase
&
Co.
(c)
04/22/2028
5.571%
2,125,000
2,137,570
Morgan
Stanley
(c)
07/12/2029
4.868%
2,200,000
2,200,317
PNC
Financial
Services
Group,
Inc.
(c)
12/02/2028
5.354%
1,100,000
1,109,808
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Corporate
Bonds
(continued)
Royal
Bank
of
Canada
(b)
Series
1
1
day
USD
SOFR
Index
+
0.610%
07/10/2029
4.263%
1,125,000
1,124,027
State
Street
Corp.
(c)
04/24/2028
4.543%
1,100,000
1,100,305
Toronto-Dominion
Bank
(b)
Series
F
1
day
USD
SOFR
+
0.580%
01/13/2028
4.233%
1,125,000
1,125,750
Truist
Bank
(c)
Series
I
01/27/2029
4.144%
1,000,000
991,411
U.S.
Bank
NA
(b)
1
day
USD
SOFR
+
0.660%05/20/2029
4.326%
1,000,000
1,000,007
UBS
Group
AG
(a),(c)
05/12/2028
4.751%
1,125,000
1,125,711
Wells
Fargo
&
Co.
(b)
1
day
USD
SOFR
+
0.720%05/20/2029
4.386%
1,675,000
1,675,964
Westpac
Banking
Corp.
(a),(b)
1
day
USD
SOFR
+
0.440%05/11/2028
4.096%
1,125,000
1,125,403
Total
28,139,321
Beverages
0.8%
Bacardi
Ltd.
(a)
05/15/2028
4.700%
1,100,000
1,093,631
Diageo
Capital
PLC
10/24/2027
5.300%
1,150,000
1,160,106
PepsiCo,
Inc.
01/15/2029
4.100%
1,150,000
1,139,148
Total
3,392,885
Biotechnology
0.5%
Amgen,
Inc.
03/02/2028
5.150%
1,100,000
1,107,100
Gilead
Sciences,
Inc.
05/20/2028
4.250%
1,100,000
1,094,993
Total
2,202,093
Building
Materials
0.3%
Carrier
Global
Corp.
02/15/2027
2.493%
1,150,000
1,140,211
1
1
1
1
1,140,211
Chemicals
0.2%
LYB
International
Finance
II
BV
03/02/2027
3.500%
1,125,000
1,118,855
1
1
1
1
1,118,855
Consolidated
Portfolio
of
Investments
(continued)
Columbia
Commodity
Strategy
Fund,
August
31,
2026
(Unaudited)
Columbia
Commodity
Strategy
Fund
|
2026
3
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Corporate
Bonds
(continued)
Commercial
Services
0.2%
ERAC
USA
Finance
LLC
(a)
05/01/2028
4.600%
1,100,000
1,099,042
1
1
1
1
1,099,042
Electric
2.5%
CenterPoint
Energy,
Inc.
06/01/2029
5.400%
500,000
507,389
Dominion
Energy,
Inc.
05/15/2028
4.600%
1,125,000
1,122,636
DTE
Energy
Co.
06/01/2028
4.875%
1,100,000
1,101,998
Duke
Energy
Corp.
08/15/2027
3.150%
1,125,000
1,111,772
Eversource
Energy
03/01/2027
2.900%
1,150,000
1,141,030
NextEra
Energy
Capital
Holdings,
Inc.
09/01/2027
4.685%
1,100,000
1,102,706
Public
Service
Enterprise
Group,
Inc.
11/15/2027
5.850%
1,100,000
1,115,205
Southern
Co.
03/15/2029
5.500%
1,100,000
1,117,542
Vistra
Operations
Co.
LLC
(a)
10/15/2028
4.300%
1,125,000
1,107,303
WEC
Energy
Group,
Inc.
01/15/2028
4.750%
1,125,000
1,127,199
Xcel
Energy,
Inc.
03/21/2028
4.750%
1,100,000
1,099,684
Total
11,654,464
Food
0.9%
Kraft
Heinz
Foods
Co.
01/30/2029
4.625%
1,150,000
1,146,850
Mars,
Inc.
(a)
03/01/2027
4.450%
1,050,000
1,050,525
Mondelez
International,
Inc.
03/17/2027
2.625%
1,125,000
1,114,083
Tyson
Foods,
Inc.
03/01/2029
4.350%
1,003,000
991,519
Total
4,302,977
Gas
0.3%
NiSource,
Inc.
03/30/2028
5.250%
1,100,000
1,109,208
1
1
1
1
1,109,208
Healthcare
Products
0.2%
GE
HealthCare
Technologies,
Inc.
11/15/2027
5.650%
1,100,000
1,112,134
1
1
1
1
1,112,134
Healthcare
Services
1.0%
Cigna
Group
10/15/2028
4.375%
1,100,000
1,091,370
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Corporate
Bonds
(continued)
Elevance
Health,
Inc.
03/01/2028
4.101%
1,100,000
1,090,878
HCA,
Inc.
09/01/2028
5.625%
1,100,000
1,113,987
UnitedHealth
Group,
Inc.
06/15/2028
4.400%
1,250,000
1,245,716
Total
4,541,951
Insurance
1.0%
Corebridge
Global
Funding
(a)
08/20/2027
4.650%
1,100,000
1,101,323
Metropolitan
Life
Global
Funding
I
(a)
04/13/2028
4.250%
1,125,000
1,116,973
Pricoa
Global
Funding
I
(a)
08/27/2027
4.400%
1,100,000
1,100,118
Principal
Life
Global
Funding
II
(a)
08/18/2028
4.250%
1,125,000
1,113,789
Total
4,432,203
Machinery
-
Construction,
&
Mining
0.3%
Caterpillar
Financial
Services
Corp.
(b)
Series
L
1
day
USD
SOFR
+
0.430%
05/15/2028
4.095%
1,150,000
1,150,278
1
1
1
1
1,150,278
Machinery
-
Diversified
0.2%
John
Deere
Capital
Corp.
(b)
1
day
USD
SOFR
+
0.500%03/06/2028
4.144%
1,100,000
1,101,332
1
1
1
1
1,101,332
Media
0.5%
Charter
Communications
Operating
LLC/Charter
Communications
Operating
Capital
03/15/2028
4.200%
1,125,000
1,108,598
Comcast
Corp.
10/15/2028
4.150%
1,125,000
1,111,379
Total
2,219,977
Miscellaneous
Manufacturing
0.1%
Siemens
Financieringsmaatschappij
NV
(a)
03/16/2027
3.400%
700,000
696,335
1
1
1
1
696,335
Oil
&
Gas
0.5%
BP
Capital
Markets
PLC
09/19/2027
3.279%
1,125,000
1,112,490
Woodside
Finance
Ltd.
(a)
03/15/2028
3.700%
1,150,000
1,131,077
Total
2,243,567
Pharmaceuticals
1.3%
AbbVie,
Inc.
(b)
1
day
USD
SOFR
Index
+
0.480%03/03/2028
4.125%
1,100,000
1,101,471
Consolidated
Portfolio
of
Investments
(continued)
Columbia
Commodity
Strategy
Fund,
August
31,
2026
(Unaudited)
Columbia
Commodity
Strategy
Fund
|
2026
4
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Corporate
Bonds
(continued)
Astrazeneca
Finance
LLC
05/28/2028
1.750%
1,150,000
1,097,181
Becton
Dickinson
&
Co.
06/06/2027
3.700%
1,150,000
1,143,212
Bristol-Myers
Squibb
Co.
02/20/2028
3.900%
700,000
694,643
CVS
Health
Corp.
03/25/2028
4.300%
1,100,000
1,092,662
Merck
&
Co.,
Inc.
(b)
1
day
USD
SOFR
+
0.370%05/22/2028
4.036%
1,150,000
1,151,211
Total
6,280,380
Pipelines
1.8%
Enbridge,
Inc.
11/20/2028
4.200%
1,150,000
1,136,496
Energy
Transfer
LP
06/15/2028
4.950%
1,125,000
1,128,199
Enterprise
Products
Operating
LLC
06/20/2028
4.300%
1,125,000
1,119,768
Kinder
Morgan,
Inc.
03/01/2028
4.300%
1,125,000
1,120,677
MPLX
LP
03/15/2028
4.000%
1,125,000
1,112,169
Western
Midstream
Operating
LP
01/15/2029
6.350%
1,100,000
1,133,177
Williams
Cos.,
Inc.
06/15/2027
3.750%
1,125,000
1,119,277
Total
7,869,763
REITS
0.2%
American
Tower
Corp.
07/15/2027
3.550%
1,125,000
1,115,834
1
1
1
1
1,115,834
Semiconductors
0.5%
Broadcom
Corp./Broadcom
Cayman
Finance
Ltd.
01/15/2028
3.500%
1,125,000
1,108,320
NXP
BV/NXP
Funding
LLC/NXP
USA,
Inc.
06/01/2027
4.400%
1,100,000
1,098,618
Total
2,206,938
Software
0.7%
Fidelity
National
Information
Services,
Inc.
(b)
1
day
USD
SOFR
+
1.210%03/10/2029
4.856%
1,125,000
1,132,093
Oracle
Corp.
02/04/2029
4.550%
1,100,000
1,075,022
Synopsys,
Inc.
04/01/2028
4.650%
1,100,000
1,098,513
Total
3,305,628
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Corporate
Bonds
(continued)
Telecommunications
0.7%
AT&T,
Inc.
02/15/2028
4.100%
1,125,000
1,115,831
T-Mobile
USA,
Inc.
04/15/2027
3.750%
1,125,000
1,120,109
Verizon
Communications,
Inc.
03/22/2028
2.100%
1,150,000
1,106,944
Total
3,342,884
Transportation
0.2%
Union
Pacific
Corp.
02/05/2027
2.150%
900,000
891,897
1
1
1
1
891,897
Total
Corporate
Bonds
(Cost
$
102,699,420
)
102,346,683
Foreign
Government
Obligations
(d)
0
.5
%
Canada
0.5%
Province
of
Ontario
05/21/2027
1.050%
1,160,000
1,134,003
Province
of
Quebec
04/13/2028
3.625%
1,125,000
1,111,261
Total
2,245,264
Total
Foreign
Government
Obligations
(Cost
$
2,256,470
)
2,245,264
Non-Agency
Asset-Backed
Securities
17
.7
%
ACHV
ABS
Trust
(a)
Series
2024-1PL  Class
A
04/25/2031
5.900%
2,631
2,633
Series
2024-1PL  Class
B
04/25/2031
6.340%
30,259
30,357
Series
2024-2PL  Class
A
10/27/2031
5.070%
101,882
102,008
Affirm
Asset
Securitization
Trust
(a)
Series
2024-B  Class
A
09/15/2029
4.620%
3,020,000
3,020,556
Series
2026-X1  Class
A
04/15/2031
4.270%
757,113
756,951
Affirm
Master
Trust
(a)
Series
2025-1A  Class
A
02/15/2033
4.990%
1,800,000
1,804,993
Series
2025-2A  Class
A
07/15/2033
4.670%
3,640,000
3,642,939
BRAVO
Residential
Funding
Trust
(a),(b)
Series
2025-HE1  Class
A1
30
day
USD
SOFR
Average
+
1.350%
09/25/2072
4.993%
2,346,848
2,350,933
Consolidated
Portfolio
of
Investments
(continued)
Columbia
Commodity
Strategy
Fund,
August
31,
2026
(Unaudited)
Columbia
Commodity
Strategy
Fund
|
2026
5
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Non-Agency
Asset-Backed
Securities
(continued)
Bridgecrest
Lending
Auto
Securitization
Trust
Series
2026-3  Class
A2
02/15/2029
4.460%
550,000
549,997
CarMax
Auto
Owner
Trust
Series
2023-1  Class
A4
01/16/2029
4.650%
1,917,318
1,919,083
Series
2024-2  Class
A3
01/16/2029
5.500%
116,077
116,743
Series
2024-4  Class
A3
10/15/2029
4.600%
147,303
147,512
Series
2025-1  Class
A3
01/15/2030
4.840%
1,250,000
1,254,527
CarMax
Select
Receivables
Trust
Series
2024-A  Class
A3
11/15/2028
5.400%
3,081,278
3,092,863
Carvana
Auto
Receivables
Trust
Series
2024-P4  Class
A3
01/10/2030
4.640%
1,482,238
1,484,105
Series
2025-P1  Class
A3
05/10/2030
4.550%
1,192,949
1,194,183
CNH
Equipment
Trust
Series
2023-A  Class
A3
08/15/2028
4.810%
1,052,137
1,054,407
Series
2024-A  Class
A3
06/15/2029
4.770%
420,688
421,749
CPS
Auto
Receivables
Trust
(a)
Series
2026-C  Class
A
04/15/2030
4.520%
402,669
401,974
DailyPay
Securitization
Trust
(a)
Series
2025-1A  Class
A
06/26/2028
5.630%
225,000
225,433
Enterprise
Fleet
Financing
LLC
(a)
Series
2024-1  Class
A2
03/20/2030
5.230%
1,197,352
1,200,937
FCCU
Auto
Receivables
Trust
(a)
Series
2026-1A  Class
A2
10/15/2029
3.980%
1,224,143
1,220,529
FirstKey
Homes
Trust
(a)
Series
2021-SFR3  Class
A
12/17/2038
2.135%
991,676
983,514
GLS
Auto
Select
Receivables
Trust
(a)
Series
2024-2A  Class
A2
06/17/2030
5.580%
515,027
517,569
Series
2024-3A  Class
A2
10/15/2029
5.590%
189,118
190,224
Series
2024-4A  Class
A2
12/17/2029
4.430%
1,982,084
1,981,708
GMF
Floorplan
Owner
Revolving
Trust
(a)
Series
2024-1A  Class
A1
03/15/2029
5.130%
4,185,000
4,203,314
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Non-Agency
Asset-Backed
Securities
(continued)
Series
2024-4A  Class
A1
11/15/2029
4.730%
4,275,000
4,284,564
GreenSky
Home
Improvement
Issuer
Trust
(a)
Series
2025-1A  Class
A2
03/25/2060
5.120%
50,404
50,516
Series
2025-2A  Class
A2
06/25/2060
4.930%
226,982
227,252
Harley-Davidson
Motorcycle
Trust
Series
2024-A  Class
A3
03/15/2029
5.370%
2,388,331
2,399,353
Hyundai
Auto
Lease
Securitization
Trust
(a)
Series
2025-A  Class
A3
01/18/2028
4.830%
2,075,000
2,079,625
Hyundai
Auto
Receivables
Trust
Series
2025-B  Class
A2A
08/15/2028
4.450%
339,452
339,709
JP
Morgan
Mortgage
Trust
(a),(b)
Series
2024-HE3  Class
A1
30
day
USD
SOFR
Average
+
1.200%
02/25/2055
4.839%
408,663
409,264
Kubota
Credit
Owner
Trust
(a)
Series
2024-2A  Class
A3
11/15/2028
5.260%
3,075,964
3,092,993
Mercedes-Benz
Auto
Receivables
Trust
Series
2023-2  Class
A3
11/15/2028
5.950%
208,201
209,683
Nissan
Auto
Receivables
Owner
Trust
Series
2025-A  Class
A2A
02/15/2028
4.500%
889,101
889,810
Nissan
Master
Owner
Trust
Receivables
(a)
Series
2024-B  Class
A
02/15/2029
5.050%
3,000,000
3,010,861
OCCU
Auto
Receivables
Trust
(a)
Series
2026-1A  Class
A2
09/17/2029
4.490%
450,000
449,393
Pagaya
AI
Debt
Grantor
Trust
(a)
Series
2024-11  Class
A
07/15/2032
5.092%
310,203
310,570
Series
2025-1  Class
A2
07/15/2032
5.156%
134,569
134,484
Series
2025-R3  Class
A
01/18/2033
4.841%
279,415
278,541
PEAC
Solutions
Receivables
LLC
(a)
Series
2024-1A  Class
A2
06/21/2027
5.790%
86,086
86,320
Series
2024-2A  Class
A2
04/20/2027
4.740%
31,764
31,772
Pretium
Mortgage
Credit
Partners
LLC
(a)
Series
2025-NPL7  Class
A1
07/25/2055
5.657%
511,147
511,298
Series
2025-NPL8  Class
A1
08/25/2055
5.732%
976,409
977,114
Consolidated
Portfolio
of
Investments
(continued)
Columbia
Commodity
Strategy
Fund,
August
31,
2026
(Unaudited)
Columbia
Commodity
Strategy
Fund
|
2026
6
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Non-Agency
Asset-Backed
Securities
(continued)
RCKT
Trust
(a)
Series
2025-1A  Class
A
07/25/2034
4.900%
160,796
160,904
RCO
VIII
Mortgage
LLC
(a)
Series
2025-3  Class
A1
05/25/2030
6.435%
100,408
100,527
Reach
ABS
Trust
(a)
Series
2025-2A  Class
A
08/18/2032
4.930%
260,619
261,056
Series
2026-1A  Class
A
02/15/2033
4.320%
207,808
207,722
Research-Driven
Pagaya
Motor
Asset
Trust
(a)
Series
2025-4A  Class
A2
04/25/2034
5.124%
298,805
299,153
SoFi
Consumer
Loan
Program
Trust
(a)
Series
2025-1  Class
A
02/27/2034
4.800%
75,517
75,558
Series
2025-2  Class
A
06/25/2034
4.820%
816,444
817,101
Series
2025-4  Class
A
08/25/2035
4.240%
597,574
597,026
Series
2026-1  Class
A
12/26/2035
4.060%
1,262,628
1,258,746
Series
2026-2  Class
A
03/25/2036
4.270%
384,805
384,215
Series
2026-3  Class
A
06/25/2035
4.460%
2,442,136
2,441,367
STAR
Trust
(a),(b)
Series
2025-SFR6  Class
A
1
mo.
USD
Term
SOFR
+
1.400%
Floor
1.400%
08/17/2042
5.040%
550,000
550,093
Toyota
Auto
Receivables
Owner
Trust
Series
2023-A  Class
A3
09/15/2027
4.630%
26,109
26,107
Upgrade
Master
Pass-Thru
Trust
(a)
Series
2025-ST5  Class
A
09/15/2032
4.794%
342,538
342,761
Series
2025-ST8  Class
A
12/15/2033
4.618%
778,589
778,817
Series
2026-ST2  Class
A
06/15/2034
4.413%
852,080
851,667
Series
2026-ST3  Class
A
09/15/2033
4.750%
775,000
775,040
Series
2026-ST4  Class
A
10/15/2035
4.541%
2,000,000
1,998,830
Upstart
Securitization
Trust
(a)
Series
2024-1  Class
A
11/20/2034
5.330%
13,950
13,958
Series
2025-3  Class
A2
09/20/2035
4.600%
341,568
341,563
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Non-Agency
Asset-Backed
Securities
(continued)
VCAT
LLC
(a)
Series
2026-NPL2  Class
A1
02/25/2056
5.062%
1,431,336
1,426,922
Verizon
Master
Trust
Series
2024-8  Class
A1A
11/20/2030
4.620%
3,000,000
3,004,373
Volkswagen
Auto
Lease
Trust
Series
2024-A  Class
A3
06/21/2027
5.210%
336,714
337,211
Series
2024-A  Class
A4
12/20/2028
5.200%
1,500,000
1,501,674
Series
2025-A  Class
A3
06/20/2028
4.500%
4,000,000
4,002,436
Volkswagen
Auto
Loan
Enhanced
Trust
Series
2024-1  Class
A3
07/20/2029
4.630%
1,960,000
1,963,440
Wheels
Fleet
Lease
Funding
1
LLC
(a)
Series
2025-2A  Class
A1
05/18/2040
4.410%
3,087,243
3,078,544
World
Omni
Auto
Receivables
Trust
Series
2024-A  Class
A3
03/15/2029
4.860%
387,355
388,333
Series
2024-B  Class
A3
09/17/2029
5.270%
69,937
70,253
1
1
1
1
1
Total
Non-Agency
Asset-Backed
Securities
(Cost
$
81,835,548
)
81,700,260
Non-Agency
Collateralized
Mortgage
Obligation
Securities
3
.8
%
A&D
Mortgage
Trust
(a)
Series
2023-NQM2  Class
A1
05/25/2068
6.132%
513,500
512,261
Angel
Oak
Mortgage
Trust
(a)
Series
2024-10  Class
A1
10/25/2069
5.348%
1,549,486
1,546,558
BRAVO
Residential
Funding
Trust
(a)
Series
2024-NQM6  Class
A1
08/01/2064
5.409%
447,139
446,004
COLT
Mortgage
Loan
Trust
(a)
Series
2024-6  Class
A1
11/25/2069
5.390%
1,891,374
1,887,984
Cross
Mortgage
Trust
(a),(e)
Series
2024-H7  Class
A1
11/25/2069
5.585%
1,931,908
1,931,770
HOMES
Trust
(a),(e)
Series
2025-NQM3  Class
A1
02/25/2070
5.630%
1,132,198
1,130,619
Homeward
Opportunities
Fund
Trust
(a)
Series
2025-RRTL2  Class
A1
09/25/2040
5.237%
1,650,000
1,649,752
OBX
Trust
(a),(e)
Series
2024-NQM17  Class
A1
11/25/2064
5.610%
731,198
730,809
Consolidated
Portfolio
of
Investments
(continued)
Columbia
Commodity
Strategy
Fund,
August
31,
2026
(Unaudited)
Columbia
Commodity
Strategy
Fund
|
2026
7
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Non-Agency
Collateralized
Mortgage
Obligation
Securities
(continued)
PRPM
LLC
(a)
Series
2024-8  Class
A1
12/25/2029
5.897%
551,146
551,211
RCO
IX
Mortgage
LLC
(a)
Series
2026-4  Class
A1
08/25/2031
5.691%
1,150,000
1,147,435
Reneu
Redi
Q-1
Trust
(a)
Series
2026-RTL1  Class
A1
06/25/2041
5.892%
1,025,000
1,022,243
SAIF
Securitization
Trust
(a)
Series
2024-CES1  Class
A1
07/25/2054
5.965%
828,409
829,695
Toorak
Mortgage
Trust
(a)
Series
2025-RRTL1  Class
A1
02/25/2040
5.524%
1,225,000
1,225,439
Towd
Point
Mortgage
Trust
(a),(e)
Series
2021-SJ2  Class
A1A
12/25/2061
2.250%
208,248
203,591
Verus
Securitization
Trust
(a)
Series
2024-1  Class
A1
01/25/2069
5.712%
1,714,614
1,713,512
Series
2025-10  Class
A1FC
06/25/2070
5.017%
850,199
844,951
1
1
1
1
1
Total
Non-Agency
Collateralized
Mortgage
Obligation
Securities
(Cost
$
17,452,055
)
17,373,834
Non-Agency
Commercial
Mortgage-Backed
Securities
3
.2
%
Bank
Series
2017-BNK5  Class
A4
06/15/2060
3.131%
1,303,036
1,291,119
Series
2019-BN18  Class
ASB
05/15/2062
3.432%
2,063,538
2,031,501
Bank
of
America
Merrill
Lynch
Commercial
Mortgage
Trust
Series
2017-BNK3  Class
A3
02/15/2050
3.311%
760,156
757,591
BBCMS
Mortgage
Trust
Series
2018-C2  Class
ASB
12/15/2051
4.236%
951,772
947,226
CD
Mortgage
Trust
Series
2017-CD4  Class
ASB
05/10/2050
3.317%
210,371
209,702
Series
2017-CD6  Class
ASB
11/13/2050
3.332%
220,359
218,981
CGMS
Commercial
Mortgage
Trust
Series
2017-B1  Class
AAB
08/15/2050
3.243%
424,063
421,459
Citigroup
Commercial
Mortgage
Trust
Series
2016-P6  Class
A4
12/10/2049
3.458%
1,081,276
1,079,117
Series
2017-C4  Class
A4
10/12/2050
3.471%
1,775,000
1,751,478
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
Non-Agency
Commercial
Mortgage-Backed
Securities
(continued)
CSAIL
Commercial
Mortgage
Trust
Series
2019-C18  Class
ASB
12/15/2052
2.868%
744,386
723,199
Morgan
Stanley
Capital
I
Trust
Series
2018-L1  Class
A3
10/15/2051
4.139%
729,412
720,311
UBS
Commercial
Mortgage
Trust
Series
2017-C2  Class
A4
08/15/2050
3.487%
720,000
711,523
Series
2017-C3  Class
ASB
08/15/2050
3.215%
607,183
603,585
Series
2018-C12  Class
A4
08/15/2051
4.030%
500,000
492,117
Wells
Fargo
Commercial
Mortgage
Trust
Series
2016-LC25  Class
A4
12/15/2059
3.640%
1,582,857
1,578,346
Series
2017-C40  Class
A3
10/15/2050
3.317%
473,223
468,378
Series
2018-C45  Class
ASB
06/15/2051
4.147%
222,368
221,434
Series
2018-C47  Class
ASB
09/15/2061
4.365%
765,518
762,845
1
1
1
1
1
Total
Non-Agency
Commercial
Mortgage-Backed
Securities
(Cost
$
14,990,681
)
14,989,912
Issuer
...
Yield
Principal
Amount
($)
.
...
Value
($)
Treasury
Bills
0
.5
%
United
States
0.5%
U.S.
Treasury
Bills
11/17/2026
3.910%
2,275,000
2,256,861
1
1
1
1
1
Total
Treasury
Bills
(Cost
$
2,256,431
)
2,256,861
Issuer
Coupon
Rate
Principal
Amount
($)
Value
($)
U.S.
Government
Agency
0
.5
%
Federal
Farm
Credit
Banks
Funding
Corp.
08/27/2027
3.625%
550,000
546,785
11/10/2027
3.500%
475,000
470,554
Federal
Farm
Credit
Banks
Funding
Corp.
(b)
02/10/2027
3.765%
225,000
225,150
Federal
Home
Loan
Banks
03/12/2027
4.500%
700,000
701,434
06/01/2028
4.125%
275,000
273,942
1
1
1
1
1
Total
U.S.
Government
Agency
(Cost
$
2,227,194
)
2,217,865
Consolidated
Portfolio
of
Investments
(continued)
Columbia
Commodity
Strategy
Fund,
August
31,
2026
(Unaudited)
Columbia
Commodity
Strategy
Fund
|
2026
8
Affiliated
issuers
Beginning
of
period
($)
Purchases
($)
Sales
($)
Net
change
in
unrealized
appreciation
(depreciation)
($)
End
of
period
($)
Capital
gain
distributions
($)
Realized
gain
(loss)
($)
Dividends
($)
End
of
period
shares
Columbia
Short-Term
Cash
Fund
169,934,692
492,372,250
(
469,246,754
)
11,449
193,071,637
—
4,553
1,458,072
193,168,221
1
Notes
to
Consolidated
Portfolio
of
Investments
At
August
31,
2026,
securities
and/or
cash
totaling
$36,690,657
were
pledged
as
collateral.
Investments
in
Derivatives 
.
Shares
.....
Value
($)
Money
Market
Funds
41
.9
%
Columbia
Short-Term
Cash
Fund,
3.871%
(f),(g)
193,168,221
193,071,637
1
1
1
Total
Money
Market
Funds
(Cost
$
193,060,188
)
193,071,637
.....
Value
($)
Total
Investments
in
Securities
(Cost
$
416,777,987
)
416,202,316
Other
Assets
&
Liabilities,
Net
44,539,529
Net
Assets
460,741,845
(a)
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
August
31,
2026,
the
total
value
of
these
securities
amounted
to
$86,727,745,
which
represents
18.82%
of
total
net
assets.
(b)
Variable
rate
security.
The
interest
rate
shown
was
the
current
rate
as
of
August
31,
2026.
(c)
Fixed-to-floating
rate
security.
The
interest
rate
shown
reflects
the
rate
in
effect
at
period
end.
The
security
pays
a
fixed
rate
of
interest
until
its
reset
date
and
thereafter
will
bear
interest
at
a
floating
rate
based
on
a
reference
rate
plus
a
spread.
(d)
Principal
and
interest
may
not
be
guaranteed
by
a
governmental
entity.
(e)
Variable
or
floating
rate
security,
the
interest
rate
of
which
adjusts
periodically
based
on
changes
in
current
interest
rates
and
prepayments
on
the
underlying
pool
of
assets.
The
interest
rate
shown
was
the
current
rate
as
of
August
31,
2026.
(f)
The
rate
shown
is
the
seven-day
current
annualized
yield
at
August
31,
2026.
(g)
Under
the
Investment
Company
Act
of
1940,
an
affiliated
company
is
one
in
which
the
Fund
owns
5%
or
more
of
the
company's
outstanding
voting
securities,
or
a
company
which
is
under
common
ownership
or
control
with
the
Fund.
The
values
of
the
holdings
and
transactions
in
these
affiliated
companies
during
the
period
ended
August
31,
2026
are
as
follows:
Long
futures
contracts
Description
Number
of
contracts
Expiration
date
Trading
currency
Notional
amount
Value/Unrealized
appreciation
($)
Value/Unrealized
depreciation
($)
CBOT
Corn
Futures
7
03/2027
USD
193,288
16,446
—
CBOT
Corn
Futures
197
05/2027
USD
5,501,225
603,980
—
CBOT
Soybean
Futures
84
01/2027
USD
5,473,650
407,548
—
CBOT
Soybean
Futures
167
03/2027
USD
10,930,150
900,790
—
CBOT
Soybean
Futures
83
05/2027
USD
5,453,100
398,621
—
CBOT
Soybean
Meal
Futures
91
01/2027
USD
3,164,980
225,924
—
CBOT
Soybean
Meal
Futures
181
03/2027
USD
6,324,140
451,346
—
CBOT
Soybean
Meal
Futures
90
05/2027
USD
3,159,000
222,492
—
CBOT
Soybean
Oil
Futures
169
12/2026
USD
7,211,568
83,496
—
CBOT
Soybean
Oil
Futures
85
01/2027
USD
3,626,610
23,135
—
CBOT
Soybean
Oil
Futures
170
03/2027
USD
7,247,100
201,772
—
CBOT
Soybean
Oil
Futures
85
05/2027
USD
3,619,470
150,769
—
CBOT
Wheat
Futures
180
03/2027
USD
7,094,250
924,796
—
CBOT
Wheat
Futures
89
05/2027
USD
3,531,075
423,568
—
CME
Feeder
Cattle
Futures
116
10/2026
USD
18,387,450
—
(
1,129,830
)
CME
Lean
Hogs
Futures
1,430
10/2026
USD
47,862,100
112,466
—
Consolidated
Portfolio
of
Investments
(continued)
Columbia
Commodity
Strategy
Fund,
August
31,
2026
(Unaudited)
Columbia
Commodity
Strategy
Fund
|
2026
9
Long
futures
contracts
(continued)
Description
Number
of
contracts
Expiration
date
Trading
currency
Notional
amount
Value/Unrealized
appreciation
($)
Value/Unrealized
depreciation
($)
CME
Lean
Hogs
Futures
21
12/2026
USD
622,860
—
(
750
)
CME
Lean
Hogs
Futures
21
02/2027
USD
642,810
—
(
6,809
)
CME
Lean
Hogs
Futures
39
04/2027
USD
1,280,370
5,176
—
CME
Live
Cattle
Futures
30
12/2026
USD
2,574,900
—
(
166,094
)
CME
Live
Cattle
Futures
30
02/2027
USD
2,597,700
—
(
152,102
)
CME
Live
Cattle
Futures
59
04/2027
USD
5,144,210
—
(
160,671
)
COMEX
Copper
Futures
60
03/2027
USD
10,179,750
443,398
—
COMEX
Copper
Futures
30
05/2027
USD
5,140,500
—
(
10,585
)
COMEX
Gold
100
Troy
Ounces
Futures
142
12/2026
USD
63,637,300
4,197,852
—
COMEX
Silver
Futures
39
12/2026
USD
13,063,050
245,298
—
ICE
Brent
Crude
Oil
Futures
296
09/2026
USD
26,785,040
1,603,484
—
ICE
Brent
Crude
Oil
Futures
103
11/2026
USD
8,873,450
303,794
—
ICE
Brent
Crude
Oil
Futures
107
01/2027
USD
8,847,830
204,328
—
ICE
Brent
Crude
Oil
Futures
220
03/2027
USD
17,701,200
732,036
—
ICE
Gas
Oil
Futures
93
11/2026
USD
11,318,100
—
(
3,482
)
ICE
Gas
Oil
Futures
31
01/2027
USD
3,457,275
664,857
—
ICE
Gas
Oil
Futures
65
03/2027
USD
6,838,000
1,191,913
—
ICE
Gas
Oil
Futures
35
05/2027
USD
3,483,375
261,137
—
KCBT
Hard
Red
Winter
Wheat
Futures
600
12/2026
USD
25,140,000
—
(
9,789
)
KCBT
Hard
Red
Winter
Wheat
Futures
108
03/2027
USD
4,596,750
762,165
—
KCBT
Hard
Red
Winter
Wheat
Futures
54
05/2027
USD
2,308,500
279,283
—
LME
Lead
Futures
857
09/2026
USD
40,354,416
—
(
831,142
)
LME
Lead
Futures
575
11/2026
USD
27,359,075
—
(
190,928
)
LME
Lead
Futures
64
01/2027
USD
3,084,032
—
(
113,172
)
LME
Lead
Futures
54
03/2027
USD
2,630,164
—
(
38,919
)
LME
Lead
Futures
17
05/2027
USD
837,683
—
(
3,208
)
LME
Nickel
Futures
452
09/2026
USD
45,346,403
—
(
577,771
)
LME
Nickel
Futures
170
11/2026
USD
17,182,624
—
(
459,009
)
LME
Nickel
Futures
51
01/2027
USD
5,195,877
—
(
508,938
)
LME
Nickel
Futures
46
03/2027
USD
4,720,149
—
(
146,899
)
LME
Nickel
Futures
15
05/2027
USD
1,551,149
—
(
8,627
)
LME
Primary
Aluminum
Futures
518
09/2026
USD
42,013,944
731,642
—
LME
Primary
Aluminum
Futures
174
11/2026
USD
14,117,403
—
(
339,488
)
LME
Primary
Aluminum
Futures
115
01/2027
USD
9,321,613
—
(
518,891
)
LME
Primary
Aluminum
Futures
99
03/2027
USD
8,001,799
—
(
106,214
)
LME
Primary
Aluminum
Futures
41
05/2027
USD
3,302,089
—
(
54,062
)
LME
Zinc
Futures
498
09/2026
USD
49,467,959
5,833,412
—
LME
Zinc
Futures
344
11/2026
USD
33,448,582
2,075,550
—
LME
Zinc
Futures
71
01/2027
USD
6,845,288
738,884
—
LME
Zinc
Futures
61
03/2027
USD
5,851,044
462,380
—
LME
Zinc
Futures
27
05/2027
USD
2,579,006
84,310
—
NYBOT
CSC
C
Coffee
Futures
234
12/2026
USD
27,334,125
—
(
611,923
)
NYBOT
CSC
C
Coffee
Futures
32
03/2027
USD
3,591,600
—
(
60,921
)
NYBOT
CSC
C
Coffee
Futures
16
05/2027
USD
1,773,600
—
(
43,322
)
NYBOT
CSC
Cocoa
Futures
33
03/2027
USD
2,278,650
373,197
—
NYBOT
CSC
Cocoa
Futures
17
05/2027
USD
1,182,350
187,462
—
NYBOT
CSC
Number
11
World
Sugar
Futures
417
02/2027
USD
8,794,363
1,295,603
—
NYBOT
CSC
Number
11
World
Sugar
Futures
143
04/2027
USD
2,935,733
154,283
—
NYBOT
CTN
Number
2
Cotton
Futures
83
03/2027
USD
3,948,310
472,918
—
NYBOT
CTN
Number
2
Cotton
Futures
41
05/2027
USD
1,973,125
159,856
—
NYMEX
Henry
Hub
Natural
Gas
Futures
126
12/2026
USD
4,968,180
—
(
510,387
)
NYMEX
Henry
Hub
Natural
Gas
Futures
340
02/2027
USD
9,914,400
—
(
500,559
)
Consolidated
Portfolio
of
Investments
(continued)
Columbia
Commodity
Strategy
Fund,
August
31,
2026
(Unaudited)
Columbia
Commodity
Strategy
Fund
|
2026
10
Long
futures
contracts
(continued)
Description
Number
of
contracts
Expiration
date
Trading
currency
Notional
amount
Value/Unrealized
appreciation
($)
Value/Unrealized
depreciation
($)
NYMEX
Henry
Hub
Natural
Gas
Futures
177
04/2027
USD
4,936,530
—
(
81,144
)
NYMEX
Light
Sweet
Crude
Oil
Futures
184
10/2026
USD
15,467,040
—
(
4,228
)
NYMEX
Light
Sweet
Crude
Oil
Futures
87
12/2026
USD
6,970,440
191,847
—
NYMEX
Light
Sweet
Crude
Oil
Futures
181
02/2027
USD
13,915,280
602,051
—
NYMEX
Light
Sweet
Crude
Oil
Futures
93
04/2027
USD
6,952,680
163,048
—
NYMEX
NY
Harbor
ULSD
Futures
63
10/2026
USD
11,249,998
575,148
—
NYMEX
NY
Harbor
ULSD
Futures
17
12/2026
USD
2,820,514
558,308
—
NYMEX
NY
Harbor
ULSD
Futures
35
02/2027
USD
5,477,808
880,883
—
NYMEX
NY
Harbor
ULSD
Futures
19
04/2027
USD
2,794,596
187,689
—
NYMEX
Reformulated
Gasoline
Blendstock
for
Oxygen
Blending
RBOB
Futures
354
10/2026
USD
42,956,626
2,676,945
—
NYMEX
Reformulated
Gasoline
Blendstock
for
Oxygen
Blending
RBOB
Futures
16
12/2026
USD
1,775,222
214,085
—
NYMEX
Reformulated
Gasoline
Blendstock
for
Oxygen
Blending
RBOB
Futures
32
02/2027
USD
3,517,382
323,802
—
NYMEX
Reformulated
Gasoline
Blendstock
for
Oxygen
Blending
RBOB
Futures
15
04/2027
USD
1,760,535
72,509
—
Total
35,057,682
(
7,349,864
)
Short
futures
contracts
Description
Number
of
contracts
Expiration
date
Trading
currency
Notional
amount
Value/Unrealized
appreciation
($)
Value/Unrealized
depreciation
($)
CBOT
2
Year
U.S.
Treasury
Notes
Futures
(
246
)
12/2026
USD
(
50,487,656
)
100,859
—
CBOT
Corn
Futures
(
524
)
12/2026
USD
(
14,089,050
)
—
(
1,344,641
)
CBOT
Soybean
Futures
(
320
)
11/2026
USD
(
20,608,000
)
—
(
518,827
)
CBOT
Soybean
Meal
Futures
(
326
)
12/2026
USD
(
11,256,780
)
—
(
4,523
)
CBOT
Wheat
Futures
(
278
)
12/2026
USD
(
10,758,600
)
—
(
507,926
)
CME
Live
Cattle
Futures
(
35
)
10/2026
USD
(
2,977,450
)
1,239
—
COMEX
Copper
Futures
(
149
)
12/2026
USD
(
24,910,937
)
65,614
—
LME
Lead
Futures
(
857
)
09/2026
USD
(
40,354,416
)
149,731
—
LME
Lead
Futures
(
81
)
11/2026
USD
(
3,854,061
)
129,292
—
LME
Lead
Futures
(
51
)
01/2027
USD
(
2,457,588
)
37,095
—
LME
Lead
Futures
(
29
)
03/2027
USD
(
1,412,496
)
6,497
—
LME
Lead
Futures
(
4
)
05/2027
USD
(
197,102
)
1,907
—
LME
Nickel
Futures
(
452
)
09/2026
USD
(
45,346,403
)
2,424,556
—
LME
Nickel
Futures
(
119
)
11/2026
USD
(
12,027,837
)
508,206
—
LME
Nickel
Futures
(
36
)
01/2027
USD
(
3,667,678
)
76,790
—
LME
Nickel
Futures
(
16
)
03/2027
USD
(
1,641,791
)
11,688
—
LME
Primary
Aluminum
Futures
(
518
)
09/2026
USD
(
42,013,944
)
—
(
637,746
)
LME
Primary
Aluminum
Futures
(
184
)
11/2026
USD
(
14,928,748
)
414,212
—
LME
Primary
Aluminum
Futures
(
75
)
01/2027
USD
(
6,079,313
)
—
(
51,493
)
LME
Primary
Aluminum
Futures
(
18
)
03/2027
USD
(
1,454,872
)
—
(
44,619
)
LME
Zinc
Futures
(
498
)
09/2026
USD
(
49,467,959
)
—
(
4,156,296
)
LME
Zinc
Futures
(
56
)
11/2026
USD
(
5,445,118
)
—
(
673,567
)
LME
Zinc
Futures
(
49
)
01/2027
USD
(
4,724,213
)
—
(
391,508
)
LME
Zinc
Futures
(
16
)
03/2027
USD
(
1,534,700
)
—
(
97,886
)
LME
Zinc
Futures
(
4
)
05/2027
USD
(
382,075
)
—
(
9,784
)
NYBOT
CSC
Cocoa
Futures
(
108
)
12/2026
USD
(
7,312,680
)
—
(
863
)
NYBOT
CSC
Number
11
World
Sugar
Futures
(
1,442
)
09/2026
USD
(
28,763,862
)
—
(
3,146,024
)
NYBOT
CTN
Number
2
Cotton
Futures
(
354
)
12/2026
USD
(
16,485,780
)
—
(
893,521
)
NYMEX
Henry
Hub
Natural
Gas
Futures
(
147
)
10/2026
USD
(
4,504,080
)
—
(
3,509
)
Total
3,927,686
(
12,482,733
)
Consolidated
Portfolio
of
Investments
(continued)
Columbia
Commodity
Strategy
Fund,
August
31,
2026
(Unaudited)
Columbia
Commodity
Strategy
Fund
|
2026
11
Investments
are
valued
using
policies
described
in
the
Notes
to
Consolidated
Financial
Statements
included
within
the
most
recent
financial
statements
and
additional
information.
Abbreviation
Legend
SOFR
Secured
Overnight
Financing
Rate
Currency
Legend
USD
US
Dollar
1QT129_(10/26)
You
may
at
any
time
request,
free
of
charge,
to
receive
a
paper
copy
of
this
report
by
calling
800.345.6611.