# EDGAR Filing Document

**Accession Number:** 0001352280
**File Stem:** 0001193125-26-208350
**Filing Date:** 2026-5
**Character Count:** 660815
**Document Hash:** 6d67a41235c518b196c53eb576624f2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-208350.hdr.sgml**: 20260506

**ACCESSION NUMBER**: 0001193125-26-208350

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 27

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260506

**DATE AS OF CHANGE**: 20260506

**EFFECTIVENESS DATE**: 20260506

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Columbia Funds Series Trust II
- **CENTRAL INDEX KEY:** 0001352280

**ORGANIZATION NAME:**
- **EIN:** 204384176
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21852
- **FILM NUMBER:** 26947287

**BUSINESS ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 800-345-6611

**MAIL ADDRESS:**
- **STREET 1:** 290 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RIVERSOURCE SERIES TRUST
- **DATE OF NAME CHANGE:** 20070928

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RIVERSOURCE RETIREMENT SERIES TRUST
- **DATE OF NAME CHANGE:** 20060801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RiverSource Retirement Series Trust
- **DATE OF NAME CHANGE:** 20060206

## Series and Classes Contracts Data

### Columbia Emerging Markets Bond Fund (Series ID: S000031379)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000097619 | Columbia Emerging Markets Bond Fund Class A               | REBAX           |
| C000097625 | Columbia Emerging Markets Bond Fund Institutional Class   | CMBZX           |
| C000109803 | Columbia Emerging Markets Bond Fund Class R               | CMBRX           |
| C000122765 | Columbia Emerging Markets Bond Fund Institutional 2 Class | CEBRX           |
| C000122766 | Columbia Emerging Markets Bond Fund Institutional 3 Class | CEBYX           |

### Columbia Integrated Large Cap Growth Fund (Series ID: S000074120)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000231663 | Columbia Integrated Large Cap Growth Fund Institutional Class   | ILGGX           |
| C000231664 | Columbia Integrated Large Cap Growth Fund Class A               | ILGCX           |
| C000231666 | Columbia Integrated Large Cap Growth Fund Institutional 3 Class | ILGJX           |

### Columbia Integrated Large Cap Value Fund (Series ID: S000074121)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000231668 | Columbia Integrated Large Cap Value Fund Institutional Class | ILVFX           |
| C000231674 | Columbia Integrated Large Cap Value Fund Class A             | ILVBX           |

### Columbia Integrated Small Cap Growth Fund (Series ID: S000074122)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000231675 | Columbia Integrated Small Cap Growth Fund Class A             | ISGDX           |
| C000231678 | Columbia Integrated Small Cap Growth Fund Institutional Class | ISGNX           |

### Columbia Pyrford International Stock Fund (Series ID: S000074123)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000231683 | Columbia Pyrford International Stock Fund Class R               | PISJX           |
| C000231685 | Columbia Pyrford International Stock Fund Institutional Class   | PISLX           |
| C000231686 | Columbia Pyrford International Stock Fund Institutional 2 Class | PISOX           |
| C000231687 | Columbia Pyrford International Stock Fund Class A               | PISDX           |
| C000231688 | Columbia Pyrford International Stock Fund Institutional 3 Class | PISQX           |

### Columbia Ultra Short Duration Municipal Bond Fund (Series ID: S000074124)

| Class ID   | Class Name                                                            | Ticker Symbol   |
|:---|:---|:---|
| C000231690 | Columbia Ultra Short Duration Municipal Bond Fund Institutional Class | USMEX           |
| C000231692 | Columbia Ultra Short Duration Municipal Bond Fund Class A             | USMBX           |

?xml version='1.0' encoding='ASCII'? N-CSRS

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM N-CSR

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED

#### MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number 811-21852

## Columbia Funds Series Trust II

#### (Exact name of registrant as specified in charter)

#### 290 Congress Street

#### Boston, MA 02210

#### (Address of principal executive offices) (Zip code)

#### Michael G. Clarke

#### c/o Columbia Management Investment Advisers, LLC

#### 290 Congress Street

#### Boston, MA 02210

#### Ryan C. Larrenaga, Esq.

#### c/o Columbia Management Investment Advisers, LLC

#### 290 Congress Street

#### Boston, MA 02210

#### (Name and address of agent for service)

#### Registrant's telephone number, including area code: (800) 345-6611

#### Date of fiscal year end: Last Day of August

#### Date of reporting period: February 28, 2026

------

#### Item 1. Reports to Stockholders.

# Columbia Emerging Markets Bond Fund
Class A \| REBAX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Emerging Markets Bond Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class A | $57 | 1.11%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $360955543 |
| **Total number of portfolio holdings** | 174 |
| **Portfolio turnover for the reporting period** | 24% |

---

Columbia Emerging Markets Bond Fund \| Class A **\|** SSR141_01_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| Mexico | 9.1% |
| Saudi Arabia | 8.5% |
| Turkey | 6.6% |
| United Arab Emirates | 6.1% |
| United States | 5.8% |
| Chile | 4.9% |
| Indonesia | 4.3% |
| Hungary | 3.7% |
| Colombia | 3.6% |
| Dominican Republic | 2.6% |
| Other | 44.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Mexico Government International Bond 02/12/2034 3.500% | 2.9% |
| Argentine Republic Government International Bond 07/09/2035 2.750% | 2.4% |
| Saudi Government International Bond 01/13/2035 5.625% | 2.3% |
| Chile Government International Bond 01/05/2036 4.950% | 2.1% |
| Hungary Government International Bond 09/22/2032 6.250% | 1.9% |
| Perusahaan Penerbit SBSN Indonesia III 06/06/2032 4.700% | 1.7% |
| Petroleos de Venezuela SA 05/16/2024 0.000% | 1.5% |
| Hungary Government International Bond 09/22/2031 2.125% | 1.4% |
| DP World PLC 07/02/2037 6.850% | 1.4% |
| Peruvian Government International Bond 11/18/2050 5.625% | 1.4% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Foreign Government Obligations | 86.9% |
| Corporate Bonds & Notes | 6.8% |
| Money Market Funds | 5.8% |
| Other | 0.1% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Emerging Markets Bond Fund \| Class A **\|** SSR141_01_(04/26) \|

# Columbia Emerging Markets Bond Fund
Class R \| CMBRX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Emerging Markets Bond Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class R | $70 | 1.36%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $360955543 |
| **Total number of portfolio holdings** | 174 |
| **Portfolio turnover for the reporting period** | 24% |

---

Columbia Emerging Markets Bond Fund \| Class R **\|** SSR141_12_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| Mexico | 9.1% |
| Saudi Arabia | 8.5% |
| Turkey | 6.6% |
| United Arab Emirates | 6.1% |
| United States | 5.8% |
| Chile | 4.9% |
| Indonesia | 4.3% |
| Hungary | 3.7% |
| Colombia | 3.6% |
| Dominican Republic | 2.6% |
| Other | 44.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Mexico Government International Bond 02/12/2034 3.500% | 2.9% |
| Argentine Republic Government International Bond 07/09/2035 2.750% | 2.4% |
| Saudi Government International Bond 01/13/2035 5.625% | 2.3% |
| Chile Government International Bond 01/05/2036 4.950% | 2.1% |
| Hungary Government International Bond 09/22/2032 6.250% | 1.9% |
| Perusahaan Penerbit SBSN Indonesia III 06/06/2032 4.700% | 1.7% |
| Petroleos de Venezuela SA 05/16/2024 0.000% | 1.5% |
| Hungary Government International Bond 09/22/2031 2.125% | 1.4% |
| DP World PLC 07/02/2037 6.850% | 1.4% |
| Peruvian Government International Bond 11/18/2050 5.625% | 1.4% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Foreign Government Obligations | 86.9% |
| Corporate Bonds & Notes | 6.8% |
| Money Market Funds | 5.8% |
| Other | 0.1% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Emerging Markets Bond Fund \| Class R **\|** SSR141_12_(04/26) \|

# Columbia Emerging Markets Bond Fund
Institutional 2 Class \| CEBRX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Emerging Markets Bond Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional 2 Class | $37 | 0.73%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $360955543 |
| **Total number of portfolio holdings** | 174 |
| **Portfolio turnover for the reporting period** | 24% |

---

Columbia Emerging Markets Bond Fund \| Institutional 2 Class **\|** SSR141_15_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| Mexico | 9.1% |
| Saudi Arabia | 8.5% |
| Turkey | 6.6% |
| United Arab Emirates | 6.1% |
| United States | 5.8% |
| Chile | 4.9% |
| Indonesia | 4.3% |
| Hungary | 3.7% |
| Colombia | 3.6% |
| Dominican Republic | 2.6% |
| Other | 44.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Mexico Government International Bond 02/12/2034 3.500% | 2.9% |
| Argentine Republic Government International Bond 07/09/2035 2.750% | 2.4% |
| Saudi Government International Bond 01/13/2035 5.625% | 2.3% |
| Chile Government International Bond 01/05/2036 4.950% | 2.1% |
| Hungary Government International Bond 09/22/2032 6.250% | 1.9% |
| Perusahaan Penerbit SBSN Indonesia III 06/06/2032 4.700% | 1.7% |
| Petroleos de Venezuela SA 05/16/2024 0.000% | 1.5% |
| Hungary Government International Bond 09/22/2031 2.125% | 1.4% |
| DP World PLC 07/02/2037 6.850% | 1.4% |
| Peruvian Government International Bond 11/18/2050 5.625% | 1.4% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Foreign Government Obligations | 86.9% |
| Corporate Bonds & Notes | 6.8% |
| Money Market Funds | 5.8% |
| Other | 0.1% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Emerging Markets Bond Fund \| Institutional 2 Class **\|** SSR141_15_(04/26) \|

# Columbia Emerging Markets Bond Fund
Institutional 3 Class \| CEBYX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Emerging Markets Bond Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional 3 Class | $35 | 0.68%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $360955543 |
| **Total number of portfolio holdings** | 174 |
| **Portfolio turnover for the reporting period** | 24% |

---

Columbia Emerging Markets Bond Fund \| Institutional 3 Class **\|** SSR141_17_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| Mexico | 9.1% |
| Saudi Arabia | 8.5% |
| Turkey | 6.6% |
| United Arab Emirates | 6.1% |
| United States | 5.8% |
| Chile | 4.9% |
| Indonesia | 4.3% |
| Hungary | 3.7% |
| Colombia | 3.6% |
| Dominican Republic | 2.6% |
| Other | 44.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Mexico Government International Bond 02/12/2034 3.500% | 2.9% |
| Argentine Republic Government International Bond 07/09/2035 2.750% | 2.4% |
| Saudi Government International Bond 01/13/2035 5.625% | 2.3% |
| Chile Government International Bond 01/05/2036 4.950% | 2.1% |
| Hungary Government International Bond 09/22/2032 6.250% | 1.9% |
| Perusahaan Penerbit SBSN Indonesia III 06/06/2032 4.700% | 1.7% |
| Petroleos de Venezuela SA 05/16/2024 0.000% | 1.5% |
| Hungary Government International Bond 09/22/2031 2.125% | 1.4% |
| DP World PLC 07/02/2037 6.850% | 1.4% |
| Peruvian Government International Bond 11/18/2050 5.625% | 1.4% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Foreign Government Obligations | 86.9% |
| Corporate Bonds & Notes | 6.8% |
| Money Market Funds | 5.8% |
| Other | 0.1% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Emerging Markets Bond Fund \| Institutional 3 Class **\|** SSR141_17_(04/26) \|

# Columbia Emerging Markets Bond Fund
Institutional Class \| CMBZX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Emerging Markets Bond Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional Class | $45 | 0.87%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $360955543 |
| **Total number of portfolio holdings** | 174 |
| **Portfolio turnover for the reporting period** | 24% |

---

Columbia Emerging Markets Bond Fund \| Institutional Class **\|** SSR141_08_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| Mexico | 9.1% |
| Saudi Arabia | 8.5% |
| Turkey | 6.6% |
| United Arab Emirates | 6.1% |
| United States | 5.8% |
| Chile | 4.9% |
| Indonesia | 4.3% |
| Hungary | 3.7% |
| Colombia | 3.6% |
| Dominican Republic | 2.6% |
| Other | 44.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Mexico Government International Bond 02/12/2034 3.500% | 2.9% |
| Argentine Republic Government International Bond 07/09/2035 2.750% | 2.4% |
| Saudi Government International Bond 01/13/2035 5.625% | 2.3% |
| Chile Government International Bond 01/05/2036 4.950% | 2.1% |
| Hungary Government International Bond 09/22/2032 6.250% | 1.9% |
| Perusahaan Penerbit SBSN Indonesia III 06/06/2032 4.700% | 1.7% |
| Petroleos de Venezuela SA 05/16/2024 0.000% | 1.5% |
| Hungary Government International Bond 09/22/2031 2.125% | 1.4% |
| DP World PLC 07/02/2037 6.850% | 1.4% |
| Peruvian Government International Bond 11/18/2050 5.625% | 1.4% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Foreign Government Obligations | 86.9% |
| Corporate Bonds & Notes | 6.8% |
| Money Market Funds | 5.8% |
| Other | 0.1% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Emerging Markets Bond Fund \| Institutional Class **\|** SSR141_08_(04/26) \|

# Columbia Integrated Large Cap Growth Fund
Class A \| ILGCX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Integrated Large Cap Growth Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

#### This report describes changes to the Fund that occurred during the reporting period.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class A | $45 | 0.91%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $183075243 |
| **Total number of portfolio holdings** | 62 |
| **Portfolio turnover for the reporting period** | 23% |

---

Columbia Integrated Large Cap Growth Fund \| Class A **\|** SSR316_01_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Information Technology Sub-Industry Allocation

---

| | |
|:---|:---|
| Semiconductors | 19.8% |
| Technology Hardware, Storage & Peripherals | 8.6% |
| Systems Software | 6.8% |
| Application Software | 6.1% |
| Communications Equipment | 3.0% |
| Other | 0.6% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 10.9% |
| Apple, Inc. | 7.9% |
| Broadcom, Inc. | 6.0% |
| Microsoft Corp. | 6.0% |
| Alphabet, Inc., Class C | 5.4% |
| Amazon.com, Inc. | 4.7% |
| Meta Platforms, Inc., Class A | 4.5% |
| Eli Lilly & Co. | 3.4% |
| Tesla, Inc. | 2.9% |
| GE Vernova, Inc. | 2.3% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 44.9% |
| Consumer Discretionary | 14.1% |
| Communication Services | 11.7% |
| Health Care | 10.6% |
| Financials | 6.8% |
| Industrials | 5.8% |
| Utilities | 1.5% |
| Energy | 1.2% |
| Materials | 1.1% |
| Consumer Staples | 0.6% |
| Other | 0.3% |

---

#### Certain Fund Changes
This is a summary of the changes to the Fund. For more complete information, you may review the Fund's prospectus, which is available at columbiathreadneedleus.com/resources/literature or upon request at 1-800-345-6611.

At a meeting held on September 5, 2025, the Board of Trustees of Columbia Funds Series Trust II approved an Agreement and Plan of Reorganization pursuant to which the Fund transferred all of its assets and liabilities to Columbia Large Cap Growth ETF (the Acquiring Fund) in exchange for shares of the Acquiring Fund (the Reorganization). The Reorganization did not require shareholder approval and closed on March 16, 2026. As a result of the Reorganization, Class A incurred 0.19% in reorganizational expenses, which had an impact of a 0.19% increase to the net expense ratio during the current reporting period.

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Integrated Large Cap Growth Fund \| Class A **\|** SSR316_01_(04/26) \|

# Columbia Integrated Large Cap Growth Fund
Institutional 3 Class \| ILGJX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Integrated Large Cap Growth Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

#### This report describes changes to the Fund that occurred during the reporting period.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional 3 Class | $23 | 0.47%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $183075243 |
| **Total number of portfolio holdings** | 62 |
| **Portfolio turnover for the reporting period** | 23% |

---

Columbia Integrated Large Cap Growth Fund \| Institutional 3 Class **\|** SSR316_17_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Information Technology Sub-Industry Allocation

---

| | |
|:---|:---|
| Semiconductors | 19.8% |
| Technology Hardware, Storage & Peripherals | 8.6% |
| Systems Software | 6.8% |
| Application Software | 6.1% |
| Communications Equipment | 3.0% |
| Other | 0.6% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 10.9% |
| Apple, Inc. | 7.9% |
| Broadcom, Inc. | 6.0% |
| Microsoft Corp. | 6.0% |
| Alphabet, Inc., Class C | 5.4% |
| Amazon.com, Inc. | 4.7% |
| Meta Platforms, Inc., Class A | 4.5% |
| Eli Lilly & Co. | 3.4% |
| Tesla, Inc. | 2.9% |
| GE Vernova, Inc. | 2.3% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 44.9% |
| Consumer Discretionary | 14.1% |
| Communication Services | 11.7% |
| Health Care | 10.6% |
| Financials | 6.8% |
| Industrials | 5.8% |
| Utilities | 1.5% |
| Energy | 1.2% |
| Materials | 1.1% |
| Consumer Staples | 0.6% |
| Other | 0.3% |

---

#### Certain Fund Changes
This is a summary of the changes to the Fund. For more complete information, you may review the Fund's prospectus, which is available at columbiathreadneedleus.com/resources/literature or upon request at 1-800-345-6611.

At a meeting held on September 5, 2025, the Board of Trustees of Columbia Funds Series Trust II approved an Agreement and Plan of Reorganization pursuant to which the Fund transferred all of its assets and liabilities to Columbia Large Cap Growth ETF (the Acquiring Fund) in exchange for shares of the Acquiring Fund (the Reorganization). The Reorganization did not require shareholder approval and closed on March 16, 2026. As a result of the Reorganization, Institutional 3 Class incurred 0.04% in reorganizational expenses, which had an impact of a 0.04% increase to the net expense ratio during the current reporting period.

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Integrated Large Cap Growth Fund \| Institutional 3 Class **\|** SSR316_17_(04/26) \|

# Columbia Integrated Large Cap Growth Fund
Institutional Class \| ILGGX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Integrated Large Cap Growth Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

#### This report describes changes to the Fund that occurred during the reporting period.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional Class | $31 | 0.63%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $183075243 |
| **Total number of portfolio holdings** | 62 |
| **Portfolio turnover for the reporting period** | 23% |

---

Columbia Integrated Large Cap Growth Fund \| Institutional Class **\|** SSR316_08_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Information Technology Sub-Industry Allocation

---

| | |
|:---|:---|
| Semiconductors | 19.8% |
| Technology Hardware, Storage & Peripherals | 8.6% |
| Systems Software | 6.8% |
| Application Software | 6.1% |
| Communications Equipment | 3.0% |
| Other | 0.6% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 10.9% |
| Apple, Inc. | 7.9% |
| Broadcom, Inc. | 6.0% |
| Microsoft Corp. | 6.0% |
| Alphabet, Inc., Class C | 5.4% |
| Amazon.com, Inc. | 4.7% |
| Meta Platforms, Inc., Class A | 4.5% |
| Eli Lilly & Co. | 3.4% |
| Tesla, Inc. | 2.9% |
| GE Vernova, Inc. | 2.3% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 44.9% |
| Consumer Discretionary | 14.1% |
| Communication Services | 11.7% |
| Health Care | 10.6% |
| Financials | 6.8% |
| Industrials | 5.8% |
| Utilities | 1.5% |
| Energy | 1.2% |
| Materials | 1.1% |
| Consumer Staples | 0.6% |
| Other | 0.3% |

---

#### Certain Fund Changes
This is a summary of the changes to the Fund. For more complete information, you may review the Fund's prospectus, which is available at columbiathreadneedleus.com/resources/literature or upon request at 1-800-345-6611.

At a meeting held on September 5, 2025, the Board of Trustees of Columbia Funds Series Trust II approved an Agreement and Plan of Reorganization pursuant to which the Fund transferred all of its assets and liabilities to Columbia Large Cap Growth ETF (the Acquiring Fund) in exchange for shares of the Acquiring Fund (the Reorganization). The Reorganization did not require shareholder approval and closed on March 16, 2026. As a result of the Reorganization, Institutional Class incurred 0.09% in reorganizational expenses, which had an impact of a 0.09% increase to the net expense ratio during the current reporting period.

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Integrated Large Cap Growth Fund \| Institutional Class **\|** SSR316_08_(04/26) \|

# Columbia Integrated Large Cap Value Fund
Class A \| ILVBX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Integrated Large Cap Value Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

#### This report describes changes to the Fund that occurred during the reporting period.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class A | $47 | 0.89%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $45029629 |
| **Total number of portfolio holdings** | 74 |
| **Portfolio turnover for the reporting period** | 24% |

---

Columbia Integrated Large Cap Value Fund \| Class A **\|** SSR317_01_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Financials | 22.5% |
| Health Care | 15.6% |
| Industrials | 9.9% |
| Energy | 9.5% |
| Information Technology | 8.1% |
| Communication Services | 7.3% |
| Consumer Discretionary | 6.3% |
| Consumer Staples | 5.5% |
| Utilities | 5.2% |
| Real Estate | 4.2% |
| Other | 4.2% |

---

### Top Holdings

---

| | |
|:---|:---|
| Walmart, Inc. | 3.5% |
| Exxon Mobil Corp. | 3.3% |
| Merck & Co., Inc. | 3.1% |
| Newmont Corp. | 2.5% |
| TechnipFMC PLC | 2.4% |
| Amazon.com, Inc. | 2.4% |
| Alphabet, Inc., Class C | 2.4% |
| Citigroup, Inc. | 2.2% |
| Cummins, Inc. | 2.2% |
| Chubb Ltd. | 2.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.3% |
| Money Market Funds | 1.7% |

---

#### Certain Fund Changes
This is a summary of the changes to the Fund. For more complete information, you may review the Fund's prospectus, which is available at columbiathreadneedleus.com/resources/literature or upon request at 1-800-345-6611.

At a meeting held on September 5, 2025, the Board of Trustees of Columbia Funds Series Trust II approved an Agreement and Plan of Reorganization pursuant to which the Fund transferred all of its assets and liabilities to Columbia Research Enhanced Value ETF (the Acquiring Fund) in exchange for shares of the Acquiring Fund (the Reorganization). The Reorganization did not require shareholder approval and closed on March 16, 2026. As a result of the Reorganization, Class A incurred 0.39% in reorganizational expenses, which had an impact of a 0.39% increase to the net expense ratio during the current reporting period.

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Integrated Large Cap Value Fund \| Class A **\|** SSR317_01_(04/26) \|

# Columbia Integrated Large Cap Value Fund
Institutional Class \| ILVFX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Integrated Large Cap Value Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

#### This report describes changes to the Fund that occurred during the reporting period.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional Class | $32 | 0.61%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $45029629 |
| **Total number of portfolio holdings** | 74 |
| **Portfolio turnover for the reporting period** | 24% |

---

Columbia Integrated Large Cap Value Fund \| Institutional Class **\|** SSR317_08_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Financials | 22.5% |
| Health Care | 15.6% |
| Industrials | 9.9% |
| Energy | 9.5% |
| Information Technology | 8.1% |
| Communication Services | 7.3% |
| Consumer Discretionary | 6.3% |
| Consumer Staples | 5.5% |
| Utilities | 5.2% |
| Real Estate | 4.2% |
| Other | 4.2% |

---

### Top Holdings

---

| | |
|:---|:---|
| Walmart, Inc. | 3.5% |
| Exxon Mobil Corp. | 3.3% |
| Merck & Co., Inc. | 3.1% |
| Newmont Corp. | 2.5% |
| TechnipFMC PLC | 2.4% |
| Amazon.com, Inc. | 2.4% |
| Alphabet, Inc., Class C | 2.4% |
| Citigroup, Inc. | 2.2% |
| Cummins, Inc. | 2.2% |
| Chubb Ltd. | 2.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.3% |
| Money Market Funds | 1.7% |

---

#### Certain Fund Changes
This is a summary of the changes to the Fund. For more complete information, you may review the Fund's prospectus, which is available at columbiathreadneedleus.com/resources/literature or upon request at 1-800-345-6611.

At a meeting held on September 5, 2025, the Board of Trustees of Columbia Funds Series Trust II approved an Agreement and Plan of Reorganization pursuant to which the Fund transferred all of its assets and liabilities to Columbia Research Enhanced Value ETF (the Acquiring Fund) in exchange for shares of the Acquiring Fund (the Reorganization). The Reorganization did not require shareholder approval and closed on March 16, 2026. As a result of the Reorganization, Institutional Class incurred 0.35% in reorganizational expenses, which had an impact of a 0.35% increase to the net expense ratio during the current reporting period.

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Integrated Large Cap Value Fund \| Institutional Class **\|** SSR317_08_(04/26) \|

# Columbia Integrated Small Cap Growth Fund
Class A \| ISGDX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Integrated Small Cap Growth Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class A | $62 | 1.20%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $28447061 |
| **Total number of portfolio holdings** | 143 |
| **Portfolio turnover for the reporting period** | 54% |

---

Columbia Integrated Small Cap Growth Fund \| Class A **\|** SSR318_01_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Health Care | 25.4% |
| Industrials | 22.2% |
| Information Technology | 17.0% |
| Consumer Discretionary | 10.6% |
| Financials | 9.9% |
| Communication Services | 3.9% |
| Materials | 3.8% |
| Energy | 3.7% |
| Real Estate | 1.3% |
| Consumer Staples | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Bloom Energy Corp., Class A | 3.2% |
| Fabrinet | 2.3% |
| Dycom Industries, Inc. | 2.0% |
| Coeur Mining, Inc. | 2.0% |
| Credo Technology Group Holding Ltd. | 1.9% |
| SPX Technologies, Inc. | 1.9% |
| Nextpower, Inc., Class A | 1.9% |
| Kratos Defense & Security Solutions, Inc. | 1.8% |
| Clear Secure, Inc., Class A | 1.7% |
| Tidewater, Inc. | 1.7% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.3% |
| Money Market Funds | 1.8% |
| Other | 0.0%<sup>Footnote Reference\*</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentage rounds to less than 0.1% or (0.1)%. |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Integrated Small Cap Growth Fund \| Class A **\|** SSR318_01_(04/26) \|

# Columbia Integrated Small Cap Growth Fund
Institutional Class \| ISGNX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Integrated Small Cap Growth Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional Class | $51 | 0.99%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $28447061 |
| **Total number of portfolio holdings** | 143 |
| **Portfolio turnover for the reporting period** | 54% |

---

Columbia Integrated Small Cap Growth Fund \| Institutional Class **\|** SSR318_08_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Health Care | 25.4% |
| Industrials | 22.2% |
| Information Technology | 17.0% |
| Consumer Discretionary | 10.6% |
| Financials | 9.9% |
| Communication Services | 3.9% |
| Materials | 3.8% |
| Energy | 3.7% |
| Real Estate | 1.3% |
| Consumer Staples | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Bloom Energy Corp., Class A | 3.2% |
| Fabrinet | 2.3% |
| Dycom Industries, Inc. | 2.0% |
| Coeur Mining, Inc. | 2.0% |
| Credo Technology Group Holding Ltd. | 1.9% |
| SPX Technologies, Inc. | 1.9% |
| Nextpower, Inc., Class A | 1.9% |
| Kratos Defense & Security Solutions, Inc. | 1.8% |
| Clear Secure, Inc., Class A | 1.7% |
| Tidewater, Inc. | 1.7% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.3% |
| Money Market Funds | 1.8% |
| Other | 0.0%<sup>Footnote Reference\*</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentage rounds to less than 0.1% or (0.1)%. |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Integrated Small Cap Growth Fund \| Institutional Class **\|** SSR318_08_(04/26) \|

# Columbia Pyrford International Stock Fund
Class A \| PISDX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Pyrford International Stock Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class A | $62 | 1.16%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $252991171 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 3% |

---

Columbia Pyrford International Stock Fund \| Class A **\|** SSR319_01_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| Japan | 14.0% |
| United Kingdom | 13.6% |
| Australia | 9.4% |
| Germany | 9.3% |
| France | 8.7% |
| Switzerland | 8.1% |
| Singapore | 6.5% |
| United States | 6.0% |
| Hong Kong | 4.5% |
| Taiwan | 3.0% |
| Other | 15.2% |

---

### Top Holdings

---

| | |
|:---|:---|
| Nestlé SA, Registered Shares | 2.7% |
| Japan Tobacco, Inc. | 2.5% |
| Roche Holding AG, Genusschein Shares | 2.4% |
| Brambles Ltd. | 2.3% |
| Air Liquide SA | 2.2% |
| Mitsubishi Electric Corp. | 2.2% |
| Unilever PLC | 2.2% |
| United Overseas Bank Ltd. | 2.2% |
| Telenor ASA | 2.1% |
| KDDI Corp. | 2.1% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Industrials | 22.4% |
| Consumer Staples | 15.6% |
| Financials | 13.2% |
| Health Care | 10.7% |
| Information Technology | 9.1% |
| Communication Services | 9.1% |
| Materials | 7.8% |
| Utilities | 3.3% |
| Energy | 3.2% |
| Consumer Discretionary | 2.6% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Pyrford International Stock Fund \| Class A **\|** SSR319_01_(04/26) \|

# Columbia Pyrford International Stock Fund
Class R \| PISJX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Pyrford International Stock Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class R | $75 | 1.41%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $252991171 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 3% |

---

Columbia Pyrford International Stock Fund \| Class R **\|** SSR319_12_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| Japan | 14.0% |
| United Kingdom | 13.6% |
| Australia | 9.4% |
| Germany | 9.3% |
| France | 8.7% |
| Switzerland | 8.1% |
| Singapore | 6.5% |
| United States | 6.0% |
| Hong Kong | 4.5% |
| Taiwan | 3.0% |
| Other | 15.2% |

---

### Top Holdings

---

| | |
|:---|:---|
| Nestlé SA, Registered Shares | 2.7% |
| Japan Tobacco, Inc. | 2.5% |
| Roche Holding AG, Genusschein Shares | 2.4% |
| Brambles Ltd. | 2.3% |
| Air Liquide SA | 2.2% |
| Mitsubishi Electric Corp. | 2.2% |
| Unilever PLC | 2.2% |
| United Overseas Bank Ltd. | 2.2% |
| Telenor ASA | 2.1% |
| KDDI Corp. | 2.1% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Industrials | 22.4% |
| Consumer Staples | 15.6% |
| Financials | 13.2% |
| Health Care | 10.7% |
| Information Technology | 9.1% |
| Communication Services | 9.1% |
| Materials | 7.8% |
| Utilities | 3.3% |
| Energy | 3.2% |
| Consumer Discretionary | 2.6% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Pyrford International Stock Fund \| Class R **\|** SSR319_12_(04/26) \|

# Columbia Pyrford International Stock Fund
Institutional 2 Class \| PISOX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Pyrford International Stock Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional 2 Class | $44 | 0.83%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $252991171 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 3% |

---

Columbia Pyrford International Stock Fund \| Institutional 2 Class **\|** SSR319_15_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| Japan | 14.0% |
| United Kingdom | 13.6% |
| Australia | 9.4% |
| Germany | 9.3% |
| France | 8.7% |
| Switzerland | 8.1% |
| Singapore | 6.5% |
| United States | 6.0% |
| Hong Kong | 4.5% |
| Taiwan | 3.0% |
| Other | 15.2% |

---

### Top Holdings

---

| | |
|:---|:---|
| Nestlé SA, Registered Shares | 2.7% |
| Japan Tobacco, Inc. | 2.5% |
| Roche Holding AG, Genusschein Shares | 2.4% |
| Brambles Ltd. | 2.3% |
| Air Liquide SA | 2.2% |
| Mitsubishi Electric Corp. | 2.2% |
| Unilever PLC | 2.2% |
| United Overseas Bank Ltd. | 2.2% |
| Telenor ASA | 2.1% |
| KDDI Corp. | 2.1% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Industrials | 22.4% |
| Consumer Staples | 15.6% |
| Financials | 13.2% |
| Health Care | 10.7% |
| Information Technology | 9.1% |
| Communication Services | 9.1% |
| Materials | 7.8% |
| Utilities | 3.3% |
| Energy | 3.2% |
| Consumer Discretionary | 2.6% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Pyrford International Stock Fund \| Institutional 2 Class **\|** SSR319_15_(04/26) \|

# Columbia Pyrford International Stock Fund
Institutional 3 Class \| PISQX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Pyrford International Stock Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional 3 Class | $41 | 0.77%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $252991171 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 3% |

---

Columbia Pyrford International Stock Fund \| Institutional 3 Class **\|** SSR319_17_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| Japan | 14.0% |
| United Kingdom | 13.6% |
| Australia | 9.4% |
| Germany | 9.3% |
| France | 8.7% |
| Switzerland | 8.1% |
| Singapore | 6.5% |
| United States | 6.0% |
| Hong Kong | 4.5% |
| Taiwan | 3.0% |
| Other | 15.2% |

---

### Top Holdings

---

| | |
|:---|:---|
| Nestlé SA, Registered Shares | 2.7% |
| Japan Tobacco, Inc. | 2.5% |
| Roche Holding AG, Genusschein Shares | 2.4% |
| Brambles Ltd. | 2.3% |
| Air Liquide SA | 2.2% |
| Mitsubishi Electric Corp. | 2.2% |
| Unilever PLC | 2.2% |
| United Overseas Bank Ltd. | 2.2% |
| Telenor ASA | 2.1% |
| KDDI Corp. | 2.1% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Industrials | 22.4% |
| Consumer Staples | 15.6% |
| Financials | 13.2% |
| Health Care | 10.7% |
| Information Technology | 9.1% |
| Communication Services | 9.1% |
| Materials | 7.8% |
| Utilities | 3.3% |
| Energy | 3.2% |
| Consumer Discretionary | 2.6% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Pyrford International Stock Fund \| Institutional 3 Class **\|** SSR319_17_(04/26) \|

# Columbia Pyrford International Stock Fund
Institutional Class \| PISLX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Pyrford International Stock Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional Class | $48 | 0.91%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $252991171 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 3% |

---

Columbia Pyrford International Stock Fund \| Institutional Class **\|** SSR319_08_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

#### Geographic Allocation

---

| | |
|:---|:---|
| Japan | 14.0% |
| United Kingdom | 13.6% |
| Australia | 9.4% |
| Germany | 9.3% |
| France | 8.7% |
| Switzerland | 8.1% |
| Singapore | 6.5% |
| United States | 6.0% |
| Hong Kong | 4.5% |
| Taiwan | 3.0% |
| Other | 15.2% |

---

### Top Holdings

---

| | |
|:---|:---|
| Nestlé SA, Registered Shares | 2.7% |
| Japan Tobacco, Inc. | 2.5% |
| Roche Holding AG, Genusschein Shares | 2.4% |
| Brambles Ltd. | 2.3% |
| Air Liquide SA | 2.2% |
| Mitsubishi Electric Corp. | 2.2% |
| Unilever PLC | 2.2% |
| United Overseas Bank Ltd. | 2.2% |
| Telenor ASA | 2.1% |
| KDDI Corp. | 2.1% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Industrials | 22.4% |
| Consumer Staples | 15.6% |
| Financials | 13.2% |
| Health Care | 10.7% |
| Information Technology | 9.1% |
| Communication Services | 9.1% |
| Materials | 7.8% |
| Utilities | 3.3% |
| Energy | 3.2% |
| Consumer Discretionary | 2.6% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

Columbia Pyrford International Stock Fund \| Institutional Class **\|** SSR319_08_(04/26) \|

# Columbia Ultra Short Duration Municipal Bond Fund
Class A \| USMBX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Ultra Short Duration Municipal Bond Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Class A | $23 | 0.47%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $81407529 |
| **Total number of portfolio holdings** | 79 |
| **Portfolio turnover for the reporting period** | 46% |

---

Columbia Ultra Short Duration Municipal Bond Fund \| Class A **\|** SSR320_01_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

### Top States/Territories

---

| | |
|:---|:---|
| Texas | 13.6% |
| New York | 13.4% |
| California | 7.0% |
| Colorado | 6.7% |
| New Jersey | 4.9% |
| Florida | 4.8% |
| Virginia | 3.9% |
| Pennsylvania | 3.9% |
| Wisconsin | 3.8% |
| Massachusetts | 3.6% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Municipal Bonds | 78.2% |
| Municipal Short Term | 13.6% |
| Money Market Funds | 7.6% |
| Floating Rate Notes | 3.3% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

Columbia Ultra Short Duration Municipal Bond Fund \| Class A **\|** SSR320_01_(04/26) \|

# Columbia Ultra Short Duration Municipal Bond Fund
Institutional Class \| USMEX

![Image](g24083g43i00.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Ultra Short Duration Municipal Bond Fund (the Fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the Fund at columbiathreadneedleus.com/resources/literature. You can also request more information by contacting us at 1-800-345-6611.

## What were the Fund costs for the reporting period?
(Based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| Class | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Institutional Class | $16 | 0.32%<sup>Footnote Reference(a)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;*Footnote<sup>(a)</sup>*  | &nbsp;&nbsp;*Annualized* |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $81407529 |
| **Total number of portfolio holdings** | 79 |
| **Portfolio turnover for the reporting period** | 46% |

---

Columbia Ultra Short Duration Municipal Bond Fund \| Institutional Class **\|** SSR320_08_(04/26) \|

## Graphical Representation of Fund Holdings
The tables below show the investment makeup of the Fund represented as a percentage of Fund net assets. Derivatives are excluded from the tables unless otherwise noted. The Fund's portfolio composition is subject to change.

### Top States/Territories

---

| | |
|:---|:---|
| Texas | 13.6% |
| New York | 13.4% |
| California | 7.0% |
| Colorado | 6.7% |
| New Jersey | 4.9% |
| Florida | 4.8% |
| Virginia | 3.9% |
| Pennsylvania | 3.9% |
| Wisconsin | 3.8% |
| Massachusetts | 3.6% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Municipal Bonds | 78.2% |
| Municipal Short Term | 13.6% |
| Money Market Funds | 7.6% |
| Floating Rate Notes | 3.3% |

---

## Availability of Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, federal tax information and proxy voting information, visit the Fund's website included at the beginning of this report or scan the QR code below.

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g24083g99q93.jpg)

The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.© 2026 Columbia Threadneedle. All rights reserved.

**Not FDIC or NCUA Insured • No Financial Institution Guarantee • May Lose Value**

Columbia Ultra Short Duration Municipal Bond Fund \| Institutional Class **\|** SSR320_08_(04/26) \|

------

#### Item 2. Code of Ethics.
Not applicable.

#### Item 3. Audit Committee Financial Expert.
Not applicable.

#### Item 4. Principal Accountant Fees and Services.
Not applicable.

#### Item 5. Audit Committee of Listed Registrants.
Not applicable.

#### Item 6. Investments.
(a) The registrant's "Schedule I – Investments in securities of unaffiliated issuers" (as set forth in 17 CFR 210.12-12) is included in Item 7 of this Form N-CSR.

(b) Not applicable.

#### Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

------

![](g24083img31217e501.jpg)

Columbia Emerging Markets Bond Fund

**Semi-Annual Financial Statements and Additional Information**

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_1c1a561f-27b4-40ee-aa29-162c9e19be02_POI-CommonContent-Date-62_1) | 3 |
| [Statement of Assets and Liabilities](#xx_1c1a561f-27b4-40ee-aa29-162c9e19be02_FS-CommonContent-Date-62_1) | 10 |
| [Statement of Operations](#xx_1c1a561f-27b4-40ee-aa29-162c9e19be02_FS-CommonContent-Date-62_2) | 11 |
| [Statement of Changes in Net Assets](#xx_1c1a561f-27b4-40ee-aa29-162c9e19be02_FS-CommonContent-Date-62_3) | 12 |
| [Financial Highlights](#xx_1c1a561f-27b4-40ee-aa29-162c9e19be02_FIHI-CommonContent-Date-62_1) | 14 |
| [Notes to Financial Statements](#xx_1c1a561f-27b4-40ee-aa29-162c9e19be02_NTF-CommonContent-Date-62_1) | 18 |

---

Columbia Emerging Markets Bond Fund \| 2026

------

Portfolio of Investments

February 28, 2026 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Convertible Bonds 0.1%** | **Convertible Bonds 0.1%** | **Convertible Bonds 0.1%** | **Convertible Bonds 0.1%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **China 0.1%** | **China 0.1%** | **China 0.1%** | **China 0.1%** |
| Country Garden Holdings Co., Ltd.<sup>(a)</sup>  | Country Garden Holdings Co., Ltd.<sup>(a)</sup>  | Country Garden Holdings Co., Ltd.<sup>(a)</sup>  | Country Garden Holdings Co., Ltd.<sup>(a)</sup>  |
| 12/31/2031 | &nbsp;&nbsp; 0.000% | 1993132 | &nbsp;&nbsp; 200985 |
| Total Convertible Bonds <br>(Cost $253,200) | Total Convertible Bonds <br>(Cost $253,200) | Total Convertible Bonds <br>(Cost $253,200) | &nbsp;&nbsp; **200985** |
| **Corporate Bonds & Notes 6.8%** | **Corporate Bonds & Notes 6.8%** | **Corporate Bonds & Notes 6.8%** | **Corporate Bonds & Notes 6.8%** |
| **Brazil 0.5%** | **Brazil 0.5%** | **Brazil 0.5%** | **Brazil 0.5%** |
| Braskem Netherlands Finance BV<sup>(b)</sup>  | Braskem Netherlands Finance BV<sup>(b)</sup>  | Braskem Netherlands Finance BV<sup>(b)</sup>  | Braskem Netherlands Finance BV<sup>(b)</sup>  |
| 01/31/2030 | &nbsp;&nbsp; 4.500% | 3719000 | &nbsp;&nbsp; 1583343 |
| Raizen Fuels Finance SA<sup>(b)</sup>  | Raizen Fuels Finance SA<sup>(b)</sup>  | Raizen Fuels Finance SA<sup>(b)</sup>  | Raizen Fuels Finance SA<sup>(b)</sup>  |
| 07/08/2032 | &nbsp;&nbsp; 6.250% | 486000 | &nbsp;&nbsp; 228382 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1811725** |
| **China 0.0%** | **China 0.0%** | **China 0.0%** | **China 0.0%** |
| Country Garden Holdings Co., Ltd.<sup>(c)</sup>  | Country Garden Holdings Co., Ltd.<sup>(c)</sup>  | Country Garden Holdings Co., Ltd.<sup>(c)</sup>  | Country Garden Holdings Co., Ltd.<sup>(c)</sup>  |
| 12/31/2032 | &nbsp;&nbsp; 5.000% | 962057 | &nbsp;&nbsp; 132859 |
| **Malaysia 0.5%** | **Malaysia 0.5%** | **Malaysia 0.5%** | **Malaysia 0.5%** |
| GENM Capital Labuan Ltd.<sup>(b)</sup>  | GENM Capital Labuan Ltd.<sup>(b)</sup>  | GENM Capital Labuan Ltd.<sup>(b)</sup>  | GENM Capital Labuan Ltd.<sup>(b)</sup>  |
| 04/19/2031 | &nbsp;&nbsp; 3.882% | 1930000 | &nbsp;&nbsp; 1785553 |
| **Russian Federation 0.3%** | **Russian Federation 0.3%** | **Russian Federation 0.3%** | **Russian Federation 0.3%** |
| Phosagro OAO Via Phosagro Bond Funding DAC<sup>(b)</sup>  | Phosagro OAO Via Phosagro Bond Funding DAC<sup>(b)</sup>  | Phosagro OAO Via Phosagro Bond Funding DAC<sup>(b)</sup>  | Phosagro OAO Via Phosagro Bond Funding DAC<sup>(b)</sup>  |
| 09/16/2028 | &nbsp;&nbsp; 2.600% | 1532000 | &nbsp;&nbsp; 1054129 |
| **Saudi Arabia 2.1%** | **Saudi Arabia 2.1%** | **Saudi Arabia 2.1%** | **Saudi Arabia 2.1%** |
| EIG Pearl Holdings Sarl<sup>(b)</sup>  | EIG Pearl Holdings Sarl<sup>(b)</sup>  | EIG Pearl Holdings Sarl<sup>(b)</sup>  | EIG Pearl Holdings Sarl<sup>(b)</sup>  |
| 08/31/2036 | &nbsp;&nbsp; 3.545% | 2261937 | &nbsp;&nbsp; 2094997 |
| Greensaif Pipelines Bidco Sarl<sup>(b)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(b)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(b)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(b)</sup>  |
| 02/23/2036 | &nbsp;&nbsp; 5.853% | 2900000 | &nbsp;&nbsp; 3040738 |
| 02/23/2038 | &nbsp;&nbsp; 6.129% | 1100000 | &nbsp;&nbsp; 1169549 |
| 08/23/2042 | &nbsp;&nbsp; 6.103% | 1162000 | &nbsp;&nbsp; 1216301 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7521585** |
| **South Africa 0.7%** | **South Africa 0.7%** | **South Africa 0.7%** | **South Africa 0.7%** |
| Sasol Financing USA LLC | Sasol Financing USA LLC | Sasol Financing USA LLC | Sasol Financing USA LLC |
| 03/18/2031 | &nbsp;&nbsp; 5.500% | 2788000 | &nbsp;&nbsp; 2449011 |
| **South Korea 0.3%** | **South Korea 0.3%** | **South Korea 0.3%** | **South Korea 0.3%** |
| LG Chem Ltd.<sup>(b)</sup>  | LG Chem Ltd.<sup>(b)</sup>  | LG Chem Ltd.<sup>(b)</sup>  | LG Chem Ltd.<sup>(b)</sup>  |
| 07/07/2026 | &nbsp;&nbsp; 1.375% | 1286000 | &nbsp;&nbsp; 1273410 |
| **Tanzania 0.6%** | **Tanzania 0.6%** | **Tanzania 0.6%** | **Tanzania 0.6%** |
| AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC |
| 10/01/2030 | &nbsp;&nbsp; 3.750% | 565000 | &nbsp;&nbsp; 546129 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| HTA Group Ltd.<sup>(b)</sup>  | HTA Group Ltd.<sup>(b)</sup>  | HTA Group Ltd.<sup>(b)</sup>  | HTA Group Ltd.<sup>(b)</sup>  | HTA Group Ltd.<sup>(b)</sup>  |
| 06/04/2029 | &nbsp;&nbsp; 7.500% |  | 1468000 | &nbsp;&nbsp; 1515762 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2061891** |
| **Turkey 0.6%** | **Turkey 0.6%** | **Turkey 0.6%** | **Turkey 0.6%** | **Turkey 0.6%** |
| Sisecam UK PLC<sup>(b)</sup>  | Sisecam UK PLC<sup>(b)</sup>  | Sisecam UK PLC<sup>(b)</sup>  | Sisecam UK PLC<sup>(b)</sup>  | Sisecam UK PLC<sup>(b)</sup>  |
| 05/02/2032 | &nbsp;&nbsp; 8.625% |  | 2050000 | &nbsp;&nbsp; 2143065 |
| **United Arab Emirates 1.2%** | **United Arab Emirates 1.2%** | **United Arab Emirates 1.2%** | **United Arab Emirates 1.2%** | **United Arab Emirates 1.2%** |
| Galaxy Pipeline Assets Bidco Ltd.<sup>(b)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(b)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(b)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(b)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(b)</sup>  |
| 03/31/2036 | &nbsp;&nbsp; 2.625% |  | 1780000 | &nbsp;&nbsp; 1581958 |
| 09/30/2040 | &nbsp;&nbsp; 2.940% |  | 3244593 | &nbsp;&nbsp; 2780270 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **4362228** |
| Total Corporate Bonds & Notes <br>(Cost $26,829,230) | Total Corporate Bonds & Notes <br>(Cost $26,829,230) | Total Corporate Bonds & Notes <br>(Cost $26,829,230) | Total Corporate Bonds & Notes <br>(Cost $26,829,230) | &nbsp;&nbsp; **24595456** |
| **Foreign Government Obligations**<sup>(d),(e)</sup> **86.9%** | **Foreign Government Obligations**<sup>(d),(e)</sup> **86.9%** | **Foreign Government Obligations**<sup>(d),(e)</sup> **86.9%** | **Foreign Government Obligations**<sup>(d),(e)</sup> **86.9%** | **Foreign Government Obligations**<sup>(d),(e)</sup> **86.9%** |
| **Angola 1.0%** | **Angola 1.0%** | **Angola 1.0%** | **Angola 1.0%** | **Angola 1.0%** |
| Angolan Government International Bond<sup>(b)</sup>  | Angolan Government International Bond<sup>(b)</sup>  | Angolan Government International Bond<sup>(b)</sup>  | Angolan Government International Bond<sup>(b)</sup>  | Angolan Government International Bond<sup>(b)</sup>  |
| 04/14/2032 | &nbsp;&nbsp; 8.750% |  | 843000 | &nbsp;&nbsp; 826000 |
| 10/15/2035 | &nbsp;&nbsp; 9.875% |  | 855000 | &nbsp;&nbsp; 872415 |
| 05/08/2048 | &nbsp;&nbsp; 9.375% |  | 2056000 | &nbsp;&nbsp; 1852330 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **3550745** |
| **Argentina 2.6%** | **Argentina 2.6%** | **Argentina 2.6%** | **Argentina 2.6%** | **Argentina 2.6%** |
| Argentine Republic Government International Bond<sup>(f)</sup>  | Argentine Republic Government International Bond<sup>(f)</sup>  | Argentine Republic Government International Bond<sup>(f)</sup>  | Argentine Republic Government International Bond<sup>(f)</sup>  | Argentine Republic Government International Bond<sup>(f)</sup>  |
| 07/09/2035 | &nbsp;&nbsp; 2.750% |  | 11729527 | &nbsp;&nbsp; 8825219 |
| 07/09/2046 | &nbsp;&nbsp; 3.750% |  | 568409 | &nbsp;&nbsp; 404477 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **9229696** |
| **Bahrain 2.0%** | **Bahrain 2.0%** | **Bahrain 2.0%** | **Bahrain 2.0%** | **Bahrain 2.0%** |
| Bahrain Government International Bond<sup>(b)</sup>  | Bahrain Government International Bond<sup>(b)</sup>  | Bahrain Government International Bond<sup>(b)</sup>  | Bahrain Government International Bond<sup>(b)</sup>  | Bahrain Government International Bond<sup>(b)</sup>  |
| 05/18/2034 | &nbsp;&nbsp; 5.625% |  | 2443000 | &nbsp;&nbsp; 2306948 |
| CBB International Sukuk Programme Co. WLL<sup>(b)</sup>  | CBB International Sukuk Programme Co. WLL<sup>(b)</sup>  | CBB International Sukuk Programme Co. WLL<sup>(b)</sup>  | CBB International Sukuk Programme Co. WLL<sup>(b)</sup>  | CBB International Sukuk Programme Co. WLL<sup>(b)</sup>  |
| 05/18/2029 | &nbsp;&nbsp; 3.875% |  | 2707000 | &nbsp;&nbsp; 2567616 |
| 09/03/2034 | &nbsp;&nbsp; 6.124% |  | 2476000 | &nbsp;&nbsp; 2518766 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **7393330** |
| **Brazil 1.6%** | **Brazil 1.6%** | **Brazil 1.6%** | **Brazil 1.6%** | **Brazil 1.6%** |
| Brazil Notas do Tesouro Nacional | Brazil Notas do Tesouro Nacional | Brazil Notas do Tesouro Nacional | Brazil Notas do Tesouro Nacional | Brazil Notas do Tesouro Nacional |
| 01/01/2031 | &nbsp;&nbsp; 10.000% | BRL | 4355000 | &nbsp;&nbsp; 773832 |
| Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond |
| 01/22/2032 | &nbsp;&nbsp; 6.125% |  | 1436000 | &nbsp;&nbsp; 1503308 |
| 01/27/2045 | &nbsp;&nbsp; 5.000% |  | 501000 | &nbsp;&nbsp; 410724 |
| 05/13/2054 | &nbsp;&nbsp; 7.125% |  | 1152000 | &nbsp;&nbsp; 1172030 |
| 01/12/2056 | &nbsp;&nbsp; 7.250% |  | 1829000 | &nbsp;&nbsp; 1857037 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5716931** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Chile 4.9%** | **Chile 4.9%** | **Chile 4.9%** | **Chile 4.9%** | **Chile 4.9%** |
| Chile Government International Bond | Chile Government International Bond | Chile Government International Bond | Chile Government International Bond | Chile Government International Bond |
| 01/05/2036 | &nbsp;&nbsp; 4.950% |  | 7354034 | &nbsp;&nbsp; 7527466 |
| Corp Nacional del Cobre de Chile<sup>(b)</sup>  | Corp Nacional del Cobre de Chile<sup>(b)</sup>  | Corp Nacional del Cobre de Chile<sup>(b)</sup>  | Corp Nacional del Cobre de Chile<sup>(b)</sup>  | Corp Nacional del Cobre de Chile<sup>(b)</sup>  |
| 01/30/2037 | &nbsp;&nbsp; 5.529% |  | 3543000 | &nbsp;&nbsp; 3632260 |
| 08/01/2047 | &nbsp;&nbsp; 4.500% |  | 1600000 | &nbsp;&nbsp; 1342536 |
| 01/30/2050 | &nbsp;&nbsp; 3.700% |  | 4000000 | &nbsp;&nbsp; 2912750 |
| Corporación Nacional del Cobre de Chile<sup>(b)</sup>  | Corporación Nacional del Cobre de Chile<sup>(b)</sup>  | Corporación Nacional del Cobre de Chile<sup>(b)</sup>  | Corporación Nacional del Cobre de Chile<sup>(b)</sup>  | Corporación Nacional del Cobre de Chile<sup>(b)</sup>  |
| 01/26/2036 | &nbsp;&nbsp; 6.440% |  | 1500000 | &nbsp;&nbsp; 1640326 |
| Empresa Nacional del Petroleo<sup>(b)</sup>  | Empresa Nacional del Petroleo<sup>(b)</sup>  | Empresa Nacional del Petroleo<sup>(b)</sup>  | Empresa Nacional del Petroleo<sup>(b)</sup>  | Empresa Nacional del Petroleo<sup>(b)</sup>  |
| 05/10/2033 | &nbsp;&nbsp; 6.150% |  | 613000 | &nbsp;&nbsp; 652764 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **17708102** |
| **Colombia 3.6%** | **Colombia 3.6%** | **Colombia 3.6%** | **Colombia 3.6%** | **Colombia 3.6%** |
| Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond |
| 01/30/2030 | &nbsp;&nbsp; 3.000% |  | 352000 | &nbsp;&nbsp; 316788 |
| 04/15/2031 | &nbsp;&nbsp; 3.125% |  | 579000 | &nbsp;&nbsp; 503234 |
| 04/22/2032 | &nbsp;&nbsp; 3.250% |  | 1652000 | &nbsp;&nbsp; 1401602 |
| 04/25/2035 | &nbsp;&nbsp; 8.500% |  | 720000 | &nbsp;&nbsp; 790467 |
| 11/14/2035 | &nbsp;&nbsp; 8.000% |  | 1700000 | &nbsp;&nbsp; 1815553 |
| 11/07/2036 | &nbsp;&nbsp; 7.750% |  | 1351000 | &nbsp;&nbsp; 1406686 |
| 09/18/2037 | &nbsp;&nbsp; 7.375% |  | 2100000 | &nbsp;&nbsp; 2136361 |
| 02/26/2044 | &nbsp;&nbsp; 5.625% |  | 1760000 | &nbsp;&nbsp; 1427695 |
| Colombian TES | Colombian TES | Colombian TES | Colombian TES | Colombian TES |
| 07/09/2036 | &nbsp;&nbsp; 6.250% | COP | 20273500000 | &nbsp;&nbsp; 3287339 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **13085725** |
| **Dominican Republic 2.6%** | **Dominican Republic 2.6%** | **Dominican Republic 2.6%** | **Dominican Republic 2.6%** | **Dominican Republic 2.6%** |
| Dominican Republic International Bond<sup>(b)</sup>  | Dominican Republic International Bond<sup>(b)</sup>  | Dominican Republic International Bond<sup>(b)</sup>  | Dominican Republic International Bond<sup>(b)</sup>  | Dominican Republic International Bond<sup>(b)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 4.500% |  | 3880000 | &nbsp;&nbsp; 3792828 |
| 09/23/2032 | &nbsp;&nbsp; 4.875% |  | 1288000 | &nbsp;&nbsp; 1239486 |
| 04/30/2044 | &nbsp;&nbsp; 7.450% |  | 3110000 | &nbsp;&nbsp; 3449402 |
| 06/05/2049 | &nbsp;&nbsp; 6.400% |  | 800000 | &nbsp;&nbsp; 800058 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **9281774** |
| **Ecuador 1.4%** | **Ecuador 1.4%** | **Ecuador 1.4%** | **Ecuador 1.4%** | **Ecuador 1.4%** |
| Ecuador Government International Bond<sup>(b)</sup>  | Ecuador Government International Bond<sup>(b)</sup>  | Ecuador Government International Bond<sup>(b)</sup>  | Ecuador Government International Bond<sup>(b)</sup>  | Ecuador Government International Bond<sup>(b)</sup>  |
| 01/29/2034 | &nbsp;&nbsp; 8.750% |  | 1592000 | &nbsp;&nbsp; 1603786 |
| 01/29/2039 | &nbsp;&nbsp; 9.250% |  | 975000 | &nbsp;&nbsp; 989225 |
| Ecuador Government International Bond<sup>(b),(f)</sup>  | Ecuador Government International Bond<sup>(b),(f)</sup>  | Ecuador Government International Bond<sup>(b),(f)</sup>  | Ecuador Government International Bond<sup>(b),(f)</sup>  | Ecuador Government International Bond<sup>(b),(f)</sup>  |
| 07/31/2035 | &nbsp;&nbsp; 6.900% |  | 1250155 | &nbsp;&nbsp; 1134721 |
| 07/31/2040 | &nbsp;&nbsp; 5.000% |  | 1861021 | &nbsp;&nbsp; 1520124 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5247856** |
| **Egypt 1.6%** | **Egypt 1.6%** | **Egypt 1.6%** | **Egypt 1.6%** | **Egypt 1.6%** |
| Egypt Government International Bond<sup>(b)</sup>  | Egypt Government International Bond<sup>(b)</sup>  | Egypt Government International Bond<sup>(b)</sup>  | Egypt Government International Bond<sup>(b)</sup>  | Egypt Government International Bond<sup>(b)</sup>  |
| 04/11/2031 | &nbsp;&nbsp; 6.375% | EUR | 1700000 | &nbsp;&nbsp; 2016253 |
| 02/21/2048 | &nbsp;&nbsp; 7.903% |  | 2316000 | &nbsp;&nbsp; 2089202 |
| 02/16/2061 | &nbsp;&nbsp; 7.500% |  | 2121000 | &nbsp;&nbsp; 1804326 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5909781** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Ghana 1.0%** | **Ghana 1.0%** | **Ghana 1.0%** | **Ghana 1.0%** |
| Ghana Government International Bond<sup>(b),(f)</sup>  | Ghana Government International Bond<sup>(b),(f)</sup>  | Ghana Government International Bond<sup>(b),(f)</sup>  | Ghana Government International Bond<sup>(b),(f)</sup>  |
| 07/03/2035 | &nbsp;&nbsp; 5.000% | 3915276 | &nbsp;&nbsp; 3544037 |
| **Guatemala 0.6%** | **Guatemala 0.6%** | **Guatemala 0.6%** | **Guatemala 0.6%** |
| Guatemala Government Bond<sup>(b)</sup>  | Guatemala Government Bond<sup>(b)</sup>  | Guatemala Government Bond<sup>(b)</sup>  | Guatemala Government Bond<sup>(b)</sup>  |
| 08/06/2031 | &nbsp;&nbsp; 6.050% | 886000 | &nbsp;&nbsp; 930081 |
| 10/07/2033 | &nbsp;&nbsp; 3.700% | 792000 | &nbsp;&nbsp; 718713 |
| 06/01/2050 | &nbsp;&nbsp; 6.125% | 357000 | &nbsp;&nbsp; 357903 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2006697** |
| **Hungary 3.7%** | **Hungary 3.7%** | **Hungary 3.7%** | **Hungary 3.7%** |
| Hungary Government International Bond<sup>(b)</sup>  | Hungary Government International Bond<sup>(b)</sup>  | Hungary Government International Bond<sup>(b)</sup>  | Hungary Government International Bond<sup>(b)</sup>  |
| 09/22/2031 | &nbsp;&nbsp; 2.125% | 5967000 | &nbsp;&nbsp; 5210674 |
| 09/22/2032 | &nbsp;&nbsp; 6.250% | 6424000 | &nbsp;&nbsp; 6902837 |
| 09/21/2051 | &nbsp;&nbsp; 3.125% | 1700000 | &nbsp;&nbsp; 1081202 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **13194713** |
| **India 1.1%** | **India 1.1%** | **India 1.1%** | **India 1.1%** |
| Export-Import Bank of India<sup>(b)</sup>  | Export-Import Bank of India<sup>(b)</sup>  | Export-Import Bank of India<sup>(b)</sup>  | Export-Import Bank of India<sup>(b)</sup>  |
| 02/01/2028 | &nbsp;&nbsp; 3.875% | 2000000 | &nbsp;&nbsp; 1992693 |
| 01/15/2030 | &nbsp;&nbsp; 3.250% | 2000000 | &nbsp;&nbsp; 1937814 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3930507** |
| **Indonesia 4.3%** | **Indonesia 4.3%** | **Indonesia 4.3%** | **Indonesia 4.3%** |
| Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond |
| 09/18/2029 | &nbsp;&nbsp; 3.400% | 5000000 | &nbsp;&nbsp; 4882597 |
| 10/30/2049 | &nbsp;&nbsp; 3.700% | 1899000 | &nbsp;&nbsp; 1431216 |
| Pertamina Persero PT<sup>(b)</sup>  | Pertamina Persero PT<sup>(b)</sup>  | Pertamina Persero PT<sup>(b)</sup>  | Pertamina Persero PT<sup>(b)</sup>  |
| 11/07/2048 | &nbsp;&nbsp; 6.500% | 1000000 | &nbsp;&nbsp; 1061750 |
| Perusahaan Penerbit SBSN Indonesia III<sup>(b)</sup>  | Perusahaan Penerbit SBSN Indonesia III<sup>(b)</sup>  | Perusahaan Penerbit SBSN Indonesia III<sup>(b)</sup>  | Perusahaan Penerbit SBSN Indonesia III<sup>(b)</sup>  |
| 06/06/2032 | &nbsp;&nbsp; 4.700% | 5904000 | &nbsp;&nbsp; 5957957 |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara<sup>(b)</sup>  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara<sup>(b)</sup>  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara<sup>(b)</sup>  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara<sup>(b)</sup>  |
| 02/03/2036 | &nbsp;&nbsp; 5.450% | 268000 | &nbsp;&nbsp; 269336 |
| PT Perusahaan Listrik Negara<sup>(b)</sup>  | PT Perusahaan Listrik Negara<sup>(b)</sup>  | PT Perusahaan Listrik Negara<sup>(b)</sup>  | PT Perusahaan Listrik Negara<sup>(b)</sup>  |
| 07/17/2049 | &nbsp;&nbsp; 4.875% | 2300000 | &nbsp;&nbsp; 1960479 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **15563335** |
| **Ivory Coast 2.2%** | **Ivory Coast 2.2%** | **Ivory Coast 2.2%** | **Ivory Coast 2.2%** |
| Ivory Coast Government International Bond<sup>(b)</sup>  | Ivory Coast Government International Bond<sup>(b)</sup>  | Ivory Coast Government International Bond<sup>(b)</sup>  | Ivory Coast Government International Bond<sup>(b)</sup>  |
| 03/03/2028 | &nbsp;&nbsp; 6.375% | 1900000 | &nbsp;&nbsp; 1924002 |
| 06/15/2033 | &nbsp;&nbsp; 6.125% | 2100000 | &nbsp;&nbsp; 2082005 |
| 04/01/2036 | &nbsp;&nbsp; 8.075% | 830000 | &nbsp;&nbsp; 896650 |
| 01/30/2037 | &nbsp;&nbsp; 8.250% | 2927000 | &nbsp;&nbsp; 3192012 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **8094669** |
| **Jordan 0.3%** | **Jordan 0.3%** | **Jordan 0.3%** | **Jordan 0.3%** |
| Jordan Government International Bond<sup>(b)</sup>  | Jordan Government International Bond<sup>(b)</sup>  | Jordan Government International Bond<sup>(b)</sup>  | Jordan Government International Bond<sup>(b)</sup>  |
| 10/10/2047 | &nbsp;&nbsp; 7.375% | 1197000 | &nbsp;&nbsp; 1184690 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Kazakhstan 1.9%** | **Kazakhstan 1.9%** | **Kazakhstan 1.9%** | **Kazakhstan 1.9%** | **Kazakhstan 1.9%** |
| Development Bank of Kazakhstan<sup>(b)</sup>  | Development Bank of Kazakhstan<sup>(b)</sup>  | Development Bank of Kazakhstan<sup>(b)</sup>  | Development Bank of Kazakhstan<sup>(b)</sup>  | Development Bank of Kazakhstan<sup>(b)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 5.500% |  | 1401000 | &nbsp;&nbsp; 1415907 |
| KazMunayGas National Co. JSC<sup>(b)</sup>  | KazMunayGas National Co. JSC<sup>(b)</sup>  | KazMunayGas National Co. JSC<sup>(b)</sup>  | KazMunayGas National Co. JSC<sup>(b)</sup>  | KazMunayGas National Co. JSC<sup>(b)</sup>  |
| 04/24/2030 | &nbsp;&nbsp; 5.375% |  | 3287000 | &nbsp;&nbsp; 3380425 |
| 04/19/2047 | &nbsp;&nbsp; 5.750% |  | 2005000 | &nbsp;&nbsp; 1924459 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **6720791** |
| **Kenya 0.5%** | **Kenya 0.5%** | **Kenya 0.5%** | **Kenya 0.5%** | **Kenya 0.5%** |
| Republic of Kenya Government International Bond<sup>(b)</sup>  | Republic of Kenya Government International Bond<sup>(b)</sup>  | Republic of Kenya Government International Bond<sup>(b)</sup>  | Republic of Kenya Government International Bond<sup>(b)</sup>  | Republic of Kenya Government International Bond<sup>(b)</sup>  |
| 02/26/2039 | &nbsp;&nbsp; 8.700% |  | 1739000 | &nbsp;&nbsp; 1697039 |
| **Lebanon 0.6%** | **Lebanon 0.6%** | **Lebanon 0.6%** | **Lebanon 0.6%** | **Lebanon 0.6%** |
| Lebanon Government International Bond<sup>(b),(g)</sup>  | Lebanon Government International Bond<sup>(b),(g)</sup>  | Lebanon Government International Bond<sup>(b),(g)</sup>  | Lebanon Government International Bond<sup>(b),(g)</sup>  | Lebanon Government International Bond<sup>(b),(g)</sup>  |
| 04/12/2021 | &nbsp;&nbsp; 0.000% |  | 1768000 | &nbsp;&nbsp; 525560 |
| 11/04/2024 | &nbsp;&nbsp; 0.000% |  | 1510000 | &nbsp;&nbsp; 440230 |
| 03/20/2028 | &nbsp;&nbsp; 0.000% |  | 1769000 | &nbsp;&nbsp; 512074 |
| Lebanon Government International Bond<sup>(g)</sup>  | Lebanon Government International Bond<sup>(g)</sup>  | Lebanon Government International Bond<sup>(g)</sup>  | Lebanon Government International Bond<sup>(g)</sup>  | Lebanon Government International Bond<sup>(g)</sup>  |
| 05/17/2034 | &nbsp;&nbsp; 0.000% |  | 1768000 | &nbsp;&nbsp; 526681 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2004545** |
| **Mexico 9.1%** | **Mexico 9.1%** | **Mexico 9.1%** | **Mexico 9.1%** | **Mexico 9.1%** |
| Comision Federal de Electricidad<sup>(b)</sup>  | Comision Federal de Electricidad<sup>(b)</sup>  | Comision Federal de Electricidad<sup>(b)</sup>  | Comision Federal de Electricidad<sup>(b)</sup>  | Comision Federal de Electricidad<sup>(b)</sup>  |
| 07/26/2033 | &nbsp;&nbsp; 3.875% |  | 3200000 | &nbsp;&nbsp; 2858288 |
| 01/28/2034 | &nbsp;&nbsp; 6.045% |  | 263000 | &nbsp;&nbsp; 265845 |
| Mexican Bonos | Mexican Bonos | Mexican Bonos | Mexican Bonos | Mexican Bonos |
| 05/31/2029 | &nbsp;&nbsp; 8.500% | MXN | 61500000 | &nbsp;&nbsp; 3663580 |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 02/12/2034 | &nbsp;&nbsp; 3.500% |  | 11791000 | &nbsp;&nbsp; 10334199 |
| 02/09/2038 | &nbsp;&nbsp; 6.125% |  | 973000 | &nbsp;&nbsp; 986287 |
| 05/16/2040 | &nbsp;&nbsp; 5.375% | EUR | 607000 | &nbsp;&nbsp; 724825 |
| 05/07/2054 | &nbsp;&nbsp; 6.400% |  | 4387000 | &nbsp;&nbsp; 4287940 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| 11/12/2026 | &nbsp;&nbsp; 7.470% | MXN | 42200000 | &nbsp;&nbsp; 2438050 |
| 01/28/2031 | &nbsp;&nbsp; 5.950% |  | 2834000 | &nbsp;&nbsp; 2774678 |
| 01/23/2045 | &nbsp;&nbsp; 6.375% |  | 1809000 | &nbsp;&nbsp; 1501321 |
| 02/12/2048 | &nbsp;&nbsp; 6.350% |  | 1400000 | &nbsp;&nbsp; 1123145 |
| 01/23/2050 | &nbsp;&nbsp; 7.690% |  | 2264000 | &nbsp;&nbsp; 2060271 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **33018429** |
| **Mongolia 0.1%** | **Mongolia 0.1%** | **Mongolia 0.1%** | **Mongolia 0.1%** | **Mongolia 0.1%** |
| Mongolia Government International Bond<sup>(b)</sup>  | Mongolia Government International Bond<sup>(b)</sup>  | Mongolia Government International Bond<sup>(b)</sup>  | Mongolia Government International Bond<sup>(b)</sup>  | Mongolia Government International Bond<sup>(b)</sup>  |
| 01/19/2028 | &nbsp;&nbsp; 8.650% |  | 340000 | &nbsp;&nbsp; 364321 |
| **Morocco 0.9%** | **Morocco 0.9%** | **Morocco 0.9%** | **Morocco 0.9%** | **Morocco 0.9%** |
| OCP SA<sup>(b)</sup>  | OCP SA<sup>(b)</sup>  | OCP SA<sup>(b)</sup>  | OCP SA<sup>(b)</sup>  | OCP SA<sup>(b)</sup>  |
| 03/01/2036 | &nbsp;&nbsp; 6.700% |  | 839000 | &nbsp;&nbsp; 905234 |
| 06/23/2051 | &nbsp;&nbsp; 5.125% |  | 2636000 | &nbsp;&nbsp; 2200843 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **3106077** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Nigeria 1.7%** | **Nigeria 1.7%** | **Nigeria 1.7%** | **Nigeria 1.7%** |
| Nigeria Government International Bond<sup>(b)</sup>  | Nigeria Government International Bond<sup>(b)</sup>  | Nigeria Government International Bond<sup>(b)</sup>  | Nigeria Government International Bond<sup>(b)</sup>  |
| 09/28/2028 | &nbsp;&nbsp; 6.125% | 1100000 | &nbsp;&nbsp; 1108052 |
| 09/28/2033 | &nbsp;&nbsp; 7.375% | 1657000 | &nbsp;&nbsp; 1681767 |
| 12/09/2034 | &nbsp;&nbsp; 10.375% | 776000 | &nbsp;&nbsp; 925509 |
| 01/13/2036 | &nbsp;&nbsp; 8.631% | 265000 | &nbsp;&nbsp; 284808 |
| 11/28/2047 | &nbsp;&nbsp; 7.625% | 2369000 | &nbsp;&nbsp; 2243140 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6243276** |
| **Oman 1.4%** | **Oman 1.4%** | **Oman 1.4%** | **Oman 1.4%** |
| Oman Government International Bond<sup>(b)</sup>  | Oman Government International Bond<sup>(b)</sup>  | Oman Government International Bond<sup>(b)</sup>  | Oman Government International Bond<sup>(b)</sup>  |
| 01/17/2048 | &nbsp;&nbsp; 6.750% | 3518000 | &nbsp;&nbsp; 3879016 |
| OQ SAOC<sup>(b)</sup>  | OQ SAOC<sup>(b)</sup>  | OQ SAOC<sup>(b)</sup>  | OQ SAOC<sup>(b)</sup>  |
| 05/06/2028 | &nbsp;&nbsp; 5.125% | 1327000 | &nbsp;&nbsp; 1340236 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5219252** |
| **Pakistan 0.6%** | **Pakistan 0.6%** | **Pakistan 0.6%** | **Pakistan 0.6%** |
| Pakistan Government International Bond<sup>(b)</sup>  | Pakistan Government International Bond<sup>(b)</sup>  | Pakistan Government International Bond<sup>(b)</sup>  | Pakistan Government International Bond<sup>(b)</sup>  |
| 12/05/2027 | &nbsp;&nbsp; 6.875% | 1000000 | &nbsp;&nbsp; 1007502 |
| 04/08/2031 | &nbsp;&nbsp; 7.375% | 1078000 | &nbsp;&nbsp; 1068596 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2076098** |
| **Panama 1.4%** | **Panama 1.4%** | **Panama 1.4%** | **Panama 1.4%** |
| Panama Government International Bond | Panama Government International Bond | Panama Government International Bond | Panama Government International Bond |
| 03/01/2031 | &nbsp;&nbsp; 7.500% | 1026000 | &nbsp;&nbsp; 1148954 |
| 09/29/2032 | &nbsp;&nbsp; 2.252% | 2200000 | &nbsp;&nbsp; 1853523 |
| 01/19/2033 | &nbsp;&nbsp; 3.298% | 2186000 | &nbsp;&nbsp; 1956848 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4959325** |
| **Paraguay 2.0%** | **Paraguay 2.0%** | **Paraguay 2.0%** | **Paraguay 2.0%** |
| Paraguay Government International Bond<sup>(b)</sup>  | Paraguay Government International Bond<sup>(b)</sup>  | Paraguay Government International Bond<sup>(b)</sup>  | Paraguay Government International Bond<sup>(b)</sup>  |
| 06/28/2033 | &nbsp;&nbsp; 3.849% | 1391000 | &nbsp;&nbsp; 1325861 |
| 08/11/2044 | &nbsp;&nbsp; 6.100% | 3700000 | &nbsp;&nbsp; 3849311 |
| 03/30/2050 | &nbsp;&nbsp; 5.400% | 2128000 | &nbsp;&nbsp; 2004182 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7179354** |
| **Peru 2.1%** | **Peru 2.1%** | **Peru 2.1%** | **Peru 2.1%** |
| Peruvian Government International Bond | Peruvian Government International Bond | Peruvian Government International Bond | Peruvian Government International Bond |
| 01/15/2034 | &nbsp;&nbsp; 3.000% | 2835000 | &nbsp;&nbsp; 2494726 |
| 11/18/2050 | &nbsp;&nbsp; 5.625% | 5041000 | &nbsp;&nbsp; 5011338 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7506064** |
| **Philippines 1.1%** | **Philippines 1.1%** | **Philippines 1.1%** | **Philippines 1.1%** |
| Philippine Government International Bond | Philippine Government International Bond | Philippine Government International Bond | Philippine Government International Bond |
| 07/06/2046 | &nbsp;&nbsp; 3.200% | 5410000 | &nbsp;&nbsp; 3931759 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Poland 1.7%** | **Poland 1.7%** | **Poland 1.7%** | **Poland 1.7%** |
| Republic of Poland Government International Bond | Republic of Poland Government International Bond | Republic of Poland Government International Bond | Republic of Poland Government International Bond |
| 10/04/2033 | &nbsp;&nbsp; 4.875% | 1350000 | &nbsp;&nbsp; 1385512 |
| 09/18/2034 | &nbsp;&nbsp; 5.125% | 2551000 | &nbsp;&nbsp; 2644058 |
| 03/18/2054 | &nbsp;&nbsp; 5.500% | 2013000 | &nbsp;&nbsp; 1972847 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6002417** |
| **Romania 2.1%** | **Romania 2.1%** | **Romania 2.1%** | **Romania 2.1%** |
| Romanian Government International Bond<sup>(b)</sup>  | Romanian Government International Bond<sup>(b)</sup>  | Romanian Government International Bond<sup>(b)</sup>  | Romanian Government International Bond<sup>(b)</sup>  |
| 03/27/2032 | &nbsp;&nbsp; 3.625% | 3512000 | &nbsp;&nbsp; 3258532 |
| 02/10/2037 | &nbsp;&nbsp; 7.500% | 1788000 | &nbsp;&nbsp; 2025674 |
| 06/15/2048 | &nbsp;&nbsp; 5.125% | 2778000 | &nbsp;&nbsp; 2402322 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7686528** |
| **Russian Federation 0.3%** | **Russian Federation 0.3%** | **Russian Federation 0.3%** | **Russian Federation 0.3%** |
| Gazprom PJSC via Gaz Finance PLC<sup>(b)</sup>  | Gazprom PJSC via Gaz Finance PLC<sup>(b)</sup>  | Gazprom PJSC via Gaz Finance PLC<sup>(b)</sup>  | Gazprom PJSC via Gaz Finance PLC<sup>(b)</sup>  |
| 02/25/2030 | &nbsp;&nbsp; 3.250% | 1383000 | &nbsp;&nbsp; 938754 |
| **Saudi Arabia 6.4%** | **Saudi Arabia 6.4%** | **Saudi Arabia 6.4%** | **Saudi Arabia 6.4%** |
| Avilease Capital Ltd.<sup>(b)</sup>  | Avilease Capital Ltd.<sup>(b)</sup>  | Avilease Capital Ltd.<sup>(b)</sup>  | Avilease Capital Ltd.<sup>(b)</sup>  |
| 11/12/2030 | &nbsp;&nbsp; 4.750% | 2123000 | &nbsp;&nbsp; 2114434 |
| KSA Ijarah Sukuk Ltd.<sup>(b)</sup>  | KSA Ijarah Sukuk Ltd.<sup>(b)</sup>  | KSA Ijarah Sukuk Ltd.<sup>(b)</sup>  | KSA Ijarah Sukuk Ltd.<sup>(b)</sup>  |
| 09/09/2030 | &nbsp;&nbsp; 4.250% | 2564000 | &nbsp;&nbsp; 2565445 |
| 09/09/2035 | &nbsp;&nbsp; 4.875% | 3318000 | &nbsp;&nbsp; 3340695 |
| KSA Sukuk Ltd.<sup>(b)</sup>  | KSA Sukuk Ltd.<sup>(b)</sup>  | KSA Sukuk Ltd.<sup>(b)</sup>  | KSA Sukuk Ltd.<sup>(b)</sup>  |
| 10/29/2029 | &nbsp;&nbsp; 2.969% | 1400000 | &nbsp;&nbsp; 1341356 |
| Saudi Government International Bond<sup>(b)</sup>  | Saudi Government International Bond<sup>(b)</sup>  | Saudi Government International Bond<sup>(b)</sup>  | Saudi Government International Bond<sup>(b)</sup>  |
| 10/22/2030 | &nbsp;&nbsp; 3.250% | 1550000 | &nbsp;&nbsp; 1487213 |
| 01/13/2035 | &nbsp;&nbsp; 5.625% | 7789000 | &nbsp;&nbsp; 8298191 |
| 01/12/2056 | &nbsp;&nbsp; 5.875% | 1727000 | &nbsp;&nbsp; 1731899 |
| 02/02/2061 | &nbsp;&nbsp; 3.450% | 3262000 | &nbsp;&nbsp; 2125316 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **23004549** |
| **South Africa 1.5%** | **South Africa 1.5%** | **South Africa 1.5%** | **South Africa 1.5%** |
| Republic of South Africa Government International Bond | Republic of South Africa Government International Bond | Republic of South Africa Government International Bond | Republic of South Africa Government International Bond |
| 09/30/2049 | &nbsp;&nbsp; 5.750% | 1434000 | &nbsp;&nbsp; 1207852 |
| 04/20/2052 | &nbsp;&nbsp; 7.300% | 2676000 | &nbsp;&nbsp; 2706954 |
| Republic of South Africa Government International Bond<sup>(b)</sup>  | Republic of South Africa Government International Bond<sup>(b)</sup>  | Republic of South Africa Government International Bond<sup>(b)</sup>  | Republic of South Africa Government International Bond<sup>(b)</sup>  |
| 11/19/2054 | &nbsp;&nbsp; 7.950% | 925000 | &nbsp;&nbsp; 999201 |
| 12/11/2055 | &nbsp;&nbsp; 7.250% | 532000 | &nbsp;&nbsp; 531726 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5445733** |
| **Sri Lanka 0.7%** | **Sri Lanka 0.7%** | **Sri Lanka 0.7%** | **Sri Lanka 0.7%** |
| Sri Lanka Government International Bond<sup>(b)</sup>  | Sri Lanka Government International Bond<sup>(b)</sup>  | Sri Lanka Government International Bond<sup>(b)</sup>  | Sri Lanka Government International Bond<sup>(b)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 4.000% | 283003 | &nbsp;&nbsp; 275358 |
| Sri Lanka Government International Bond<sup>(b),(f)</sup>  | Sri Lanka Government International Bond<sup>(b),(f)</sup>  | Sri Lanka Government International Bond<sup>(b),(f)</sup>  | Sri Lanka Government International Bond<sup>(b),(f)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 3.100% | 290052 | &nbsp;&nbsp; 289279 |
| 03/15/2033 | &nbsp;&nbsp; 3.350% | 568932 | &nbsp;&nbsp; 530569 |
| 06/15/2035 | &nbsp;&nbsp; 3.600% | 384160 | &nbsp;&nbsp; 312787 |
| 05/15/2036 | &nbsp;&nbsp; 3.600% | 266616 | &nbsp;&nbsp; 264970 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 02/15/2038 | &nbsp;&nbsp; 3.600% |  | 1042797 | &nbsp;&nbsp; 1037302 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2710265** |
| **Turkey 6.0%** | **Turkey 6.0%** | **Turkey 6.0%** | **Turkey 6.0%** | **Turkey 6.0%** |
| Turkey Government International Bond | Turkey Government International Bond | Turkey Government International Bond | Turkey Government International Bond | Turkey Government International Bond |
| 04/14/2026 | &nbsp;&nbsp; 4.250% |  | 1350000 | &nbsp;&nbsp; 1349472 |
| 02/17/2028 | &nbsp;&nbsp; 5.125% |  | 4900000 | &nbsp;&nbsp; 4918091 |
| 03/14/2029 | &nbsp;&nbsp; 9.375% |  | 800000 | &nbsp;&nbsp; 889932 |
| 04/26/2029 | &nbsp;&nbsp; 7.625% |  | 2400000 | &nbsp;&nbsp; 2555805 |
| 05/30/2040 | &nbsp;&nbsp; 6.750% |  | 760000 | &nbsp;&nbsp; 742113 |
| Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond |
| 09/27/2034 | &nbsp;&nbsp; 27.700% | TRY | 128155119 | &nbsp;&nbsp; 2836649 |
| Turkiye Government International Bond | Turkiye Government International Bond | Turkiye Government International Bond | Turkiye Government International Bond | Turkiye Government International Bond |
| 03/13/2030 | &nbsp;&nbsp; 5.250% |  | 2526000 | &nbsp;&nbsp; 2492107 |
| 05/15/2034 | &nbsp;&nbsp; 7.625% |  | 4638000 | &nbsp;&nbsp; 4968886 |
| 01/03/2035 | &nbsp;&nbsp; 6.500% |  | 1000000 | &nbsp;&nbsp; 993561 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **21746616** |
| **Ukraine 1.4%** | **Ukraine 1.4%** | **Ukraine 1.4%** | **Ukraine 1.4%** | **Ukraine 1.4%** |
| Ukraine Government International Bond<sup>(b),(f)</sup>  | Ukraine Government International Bond<sup>(b),(f)</sup>  | Ukraine Government International Bond<sup>(b),(f)</sup>  | Ukraine Government International Bond<sup>(b),(f)</sup>  | Ukraine Government International Bond<sup>(b),(f)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 4.000% |  | 2492400 | &nbsp;&nbsp; 1942538 |
| 02/01/2034 | &nbsp;&nbsp; 4.500% |  | 1207380 | &nbsp;&nbsp; 745938 |
| 02/01/2035 | &nbsp;&nbsp; 4.500% |  | 2916237 | &nbsp;&nbsp; 1772533 |
| 02/01/2036 | &nbsp;&nbsp; 4.500% |  | 918266 | &nbsp;&nbsp; 549070 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5010079** |
| **United Arab Emirates 4.9%** | **United Arab Emirates 4.9%** | **United Arab Emirates 4.9%** | **United Arab Emirates 4.9%** | **United Arab Emirates 4.9%** |
| Abu Dhabi Developmental Holding Co. PJSC<sup>(b)</sup>  | Abu Dhabi Developmental Holding Co. PJSC<sup>(b)</sup>  | Abu Dhabi Developmental Holding Co. PJSC<sup>(b)</sup>  | Abu Dhabi Developmental Holding Co. PJSC<sup>(b)</sup>  | Abu Dhabi Developmental Holding Co. PJSC<sup>(b)</sup>  |
| 05/06/2035 | &nbsp;&nbsp; 5.000% |  | 1585000 | &nbsp;&nbsp; 1621980 |
| Abu Dhabi Future Energy Co Pjsc Masdar<sup>(b)</sup>  | Abu Dhabi Future Energy Co Pjsc Masdar<sup>(b)</sup>  | Abu Dhabi Future Energy Co Pjsc Masdar<sup>(b)</sup>  | Abu Dhabi Future Energy Co Pjsc Masdar<sup>(b)</sup>  | Abu Dhabi Future Energy Co Pjsc Masdar<sup>(b)</sup>  |
| 07/25/2034 | &nbsp;&nbsp; 5.250% |  | 2100000 | &nbsp;&nbsp; 2171312 |
| Adnoc Murban Rsc Ltd.<sup>(b)</sup>  | Adnoc Murban Rsc Ltd.<sup>(b)</sup>  | Adnoc Murban Rsc Ltd.<sup>(b)</sup>  | Adnoc Murban Rsc Ltd.<sup>(b)</sup>  | Adnoc Murban Rsc Ltd.<sup>(b)</sup>  |
| 09/11/2034 | &nbsp;&nbsp; 4.500% |  | 1700000 | &nbsp;&nbsp; 1681868 |
| DAE Sukuk Difc Ltd.<sup>(b)</sup>  | DAE Sukuk Difc Ltd.<sup>(b)</sup>  | DAE Sukuk Difc Ltd.<sup>(b)</sup>  | DAE Sukuk Difc Ltd.<sup>(b)</sup>  | DAE Sukuk Difc Ltd.<sup>(b)</sup>  |
| 10/16/2030 | &nbsp;&nbsp; 4.500% |  | 2084000 | &nbsp;&nbsp; 2067150 |
| DP World Crescent Ltd.<sup>(b)</sup>  | DP World Crescent Ltd.<sup>(b)</sup>  | DP World Crescent Ltd.<sup>(b)</sup>  | DP World Crescent Ltd.<sup>(b)</sup>  | DP World Crescent Ltd.<sup>(b)</sup>  |
| 09/26/2028 | &nbsp;&nbsp; 4.848% |  | 1500000 | &nbsp;&nbsp; 1511910 |
| 05/08/2035 | &nbsp;&nbsp; 5.500% |  | 1390000 | &nbsp;&nbsp; 1441277 |
| DP World Ltd.<sup>(b)</sup>  | DP World Ltd.<sup>(b)</sup>  | DP World Ltd.<sup>(b)</sup>  | DP World Ltd.<sup>(b)</sup>  | DP World Ltd.<sup>(b)</sup>  |
| 09/25/2048 | &nbsp;&nbsp; 5.625% |  | 1000000 | &nbsp;&nbsp; 976695 |
| DP World PLC<sup>(b)</sup>  | DP World PLC<sup>(b)</sup>  | DP World PLC<sup>(b)</sup>  | DP World PLC<sup>(b)</sup>  | DP World PLC<sup>(b)</sup>  |
| 07/02/2037 | &nbsp;&nbsp; 6.850% |  | 4490000 | &nbsp;&nbsp; 5033125 |
| MDGH GMTN (RSC), Ltd.<sup>(b)</sup>  | MDGH GMTN (RSC), Ltd.<sup>(b)</sup>  | MDGH GMTN (RSC), Ltd.<sup>(b)</sup>  | MDGH GMTN (RSC), Ltd.<sup>(b)</sup>  | MDGH GMTN (RSC), Ltd.<sup>(b)</sup>  |
| 04/28/2033 | &nbsp;&nbsp; 5.500% |  | 1292000 | &nbsp;&nbsp; 1368588 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **17873905** |
| **Uruguay 1.8%** | **Uruguay 1.8%** | **Uruguay 1.8%** | **Uruguay 1.8%** | **Uruguay 1.8%** |
| Oriental Republic of Uruguay | Oriental Republic of Uruguay | Oriental Republic of Uruguay | Oriental Republic of Uruguay | Oriental Republic of Uruguay |
| 09/10/2060 | &nbsp;&nbsp; 5.250% |  | 2800000 | &nbsp;&nbsp; 2659898 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** | **Foreign Government Obligations**<sup>(d),(e)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Uruguay Government International Bond | Uruguay Government International Bond | Uruguay Government International Bond | Uruguay Government International Bond |
| 11/20/2045 | &nbsp;&nbsp; 4.125% | 776054 | &nbsp;&nbsp; 689544 |
| 06/18/2050 | &nbsp;&nbsp; 5.100% | 3200000 | &nbsp;&nbsp; 3072259 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6421701** |
| **Venezuela 1.6%** | **Venezuela 1.6%** | **Venezuela 1.6%** | **Venezuela 1.6%** |
| Petroleos de Venezuela SA<sup>(b),(g)</sup>  | Petroleos de Venezuela SA<sup>(b),(g)</sup>  | Petroleos de Venezuela SA<sup>(b),(g)</sup>  | Petroleos de Venezuela SA<sup>(b),(g)</sup>  |
| 05/16/2024 | &nbsp;&nbsp; 0.000% | 16531520 | &nbsp;&nbsp; 5269089 |
| Venezuela Government International Bond<sup>(b),(g)</sup>  | Venezuela Government International Bond<sup>(b),(g)</sup>  | Venezuela Government International Bond<sup>(b),(g)</sup>  | Venezuela Government International Bond<sup>(b),(g)</sup>  |
| 10/13/2024 | &nbsp;&nbsp; 0.000% | 1613800 | &nbsp;&nbsp; 628947 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5898036** |
| **Zambia 0.6%** | **Zambia 0.6%** | **Zambia 0.6%** | **Zambia 0.6%** |
| Zambia Government International Bond<sup>(b),(f)</sup>  | Zambia Government International Bond<sup>(b),(f)</sup>  | Zambia Government International Bond<sup>(b),(f)</sup>  | Zambia Government International Bond<sup>(b),(f)</sup>  |
| 06/30/2033 | &nbsp;&nbsp; 5.750% | 1286623 | &nbsp;&nbsp; 1249696 |
| Zambia Government International Bond<sup>(b)</sup>  | Zambia Government International Bond<sup>(b)</sup>  | Zambia Government International Bond<sup>(b)</sup>  | Zambia Government International Bond<sup>(b)</sup>  |
| 12/31/2053 | &nbsp;&nbsp; 0.500% | 1428743 | &nbsp;&nbsp; 1043885 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2293581** |
| Total Foreign Government Obligations <br>(Cost $305,617,565) | Total Foreign Government Obligations <br>(Cost $305,617,565) | Total Foreign Government Obligations <br>(Cost $305,617,565) | &nbsp;&nbsp; **313701082** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Money Market Funds 5.8%** | **Money Market Funds 5.8%** | **Money Market Funds 5.8%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(h),(i)</sup> <br>| &nbsp;&nbsp; 20872325 | &nbsp;&nbsp; 20868151 |
| Total Money Market Funds <br>(Cost $20,866,741) | Total Money Market Funds <br>(Cost $20,866,741) | &nbsp;&nbsp; **20868151** |
| **Total Investments in Securities** <br>**(Cost $353,566,736)** | **Total Investments in Securities** <br>**(Cost $353,566,736)** | &nbsp;&nbsp; **359365674** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **1589869** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$360955543** |

---

**Investments in derivatives** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** | **Forward foreign currency exchange contracts** |
| **Currency to** <br>**be sold**<br>| &nbsp;&nbsp;&nbsp; **Currency to** <br>**be purchased**<br>| **Counterparty** | **Settlement** <br>**date**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**depreciation ($)**<br>|
| 2,440,764 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2,871,577 USD | Citi | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12916)<br>|
| 97,979,057 MXN | &nbsp;&nbsp;&nbsp;&nbsp; 5,586,936 USD | Standard Chartered | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (100574)<br>|
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (113490)<br>|

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Zero coupon bond.

&nbsp;&nbsp;&nbsp;&nbsp;(b) 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 $208,391,243, which represents 57.73% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Payment-in-kind security. Interest can be paid by issuing additional par of the security or in cash.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Principal amounts are denominated in United States Dollars unless otherwise noted.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Principal and interest may not be guaranteed by a governmental entity.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Represents a variable rate security with a step coupon where the rate adjusts according to a schedule for a series of periods, typically lower for an initial period and then increasing to a higher coupon rate thereafter. The interest rate shown was the current rate as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Represents a security in default.

&nbsp;&nbsp;&nbsp;&nbsp;(h) The rate shown is the seven-day current annualized yield at February 28, 2026.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Notes to Portfolio of Investments (continued)**

&nbsp;&nbsp;&nbsp;&nbsp;(i) 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% |
|  | 24598942 | &nbsp;&nbsp; 73735208 | &nbsp;&nbsp; (77467409)<br>| &nbsp;&nbsp; 1410 | &nbsp;&nbsp; 20868151 | &nbsp;&nbsp; (232)<br>| &nbsp;&nbsp; 417981 | &nbsp;&nbsp; 20872325 |

---

**Currency Legend** 

---

| | |
|:---|:---|
| BRL | Brazilian Real |
| COP | Colombian Peso |
| EUR | Euro |
| MXN | Mexican Peso |
| TRY | Turkish Lira |
| USD | US Dollar |

---

**Fair value measurements** 

The Fund categorizes its fair value measurements according to a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund's assumptions about the information market participants would use in pricing an investment. An investment's level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset's or liability's fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

■

Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

■

Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

■

Level 3 — Valuations based on significant unobservable inputs (including the Fund's own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Investment Manager, along with any other relevant factors in the calculation of an investment's fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Investments falling into the Level 3 category, if any, are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Investment Manager. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.

The Fund's Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily available using valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the Investment Manager's organization, including operations and accounting, trading and investments, compliance, risk management and legal.

The Committee meets at least monthly to review and approve valuation matters, which may include a description of specific valuation determinations, data regarding pricing information received from approved pricing vendors and brokers and the results of Board-approved valuation policies and procedures (the Policies). The Policies address, among other things, instances when market quotations are or are not readily available, including recommendations of third party pricing vendors and a determination of appropriate pricing methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. Representatives of Columbia Management Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

The following table is a summary of the inputs used to value the Fund's investments at February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| **Investments in Securities** |  |  |  |  |
| Convertible Bonds |  | &nbsp;&nbsp;&nbsp;&nbsp; 200985 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 200985 |
| Corporate Bonds & Notes |  | &nbsp;&nbsp;&nbsp;&nbsp; 24595456 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24595456 |
| Foreign Government Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 313701082 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 313701082 |
| Money Market Funds | 20868151 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20868151 |
| Total Investments in Securities | 20868151 | &nbsp;&nbsp;&nbsp;&nbsp; 338497523 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 359365674 |
| **Investments in Derivatives** |  |  |  |  |
| Liability |  |  |  |  |
| Forward Foreign Currency Exchange Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; (113490)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (113490)<br>|
| Total | 20868151 | &nbsp;&nbsp;&nbsp;&nbsp; 338384033 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 359252184 |

---

See the Portfolio of Investments for all investment classifications not indicated in the table.

The Fund's assets assigned to the Level 2 input category are generally valued using the market approach, in which a security's value is determined through reference to prices and information from market transactions for similar or identical assets.

Derivative instruments are valued at unrealized appreciation (depreciation).

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Statement of Assets and Liabilities

February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Assets** |  |
| Investments in securities, at value |  |
| Unaffiliated issuers (cost $332,699,995) | $338497523 |
| Affiliated issuers (cost $20,866,741) | 20868151 |
| Cash | 71858 |
| Foreign currency (cost $112,204) | 115868 |
| Receivable for: |  |
| Capital shares sold | 877660 |
| Dividends | 57028 |
| Interest | 4753237 |
| Foreign tax reclaims | 101 |
| Prepaid expenses | 2514 |
| Other assets | 25198 |
| Total assets | 365269138 |
| **Liabilities** |  |
| Unrealized depreciation on forward foreign currency exchange contracts | 113490 |
| Payable for: |  |
| Capital shares redeemed | 4022506 |
| Management services fees | 5987 |
| Distribution and/or service fees | 338 |
| Transfer agent fees | 26131 |
| Compensation of chief compliance officer | 27 |
| Compensation of board members | 1206 |
| Other expenses | 23664 |
| Deferred compensation of board members | 120246 |
| Total liabilities | 4313595 |
| **Net assets applicable to outstanding capital stock** | **$360955543** |
| **Represented by** |  |
| Paid in capital | 438304214 |
| Total distributable earnings (loss) | (77348671)<br>|
| **Total - representing net assets applicable to outstanding capital stock** | **$360955543** |
| **Class A** |  |
| Net assets | $23969436 |
| Shares outstanding | 2338158 |
| Net asset value per share | $10.25 |
| Maximum sales charge  | 4.75% |
| Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $10.76 |
| **Institutional Class** |  |
| Net assets | $102817206 |
| Shares outstanding | 10013925 |
| Net asset value per share | $10.27 |
| **Institutional 2 Class** |  |
| Net assets | $71923473 |
| Shares outstanding | 7009247 |
| Net asset value per share | $10.26 |
| **Institutional 3 Class** |  |
| Net assets | $149634162 |
| Shares outstanding | 14572348 |
| Net asset value per share | $10.27 |
| **Class R** |  |
| Net assets | $12611266 |
| Shares outstanding | 1230755 |
| Net asset value per share | $10.25 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Statement of Operations

Six Months Ended February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Net investment income** |  |
| Income: |  |
| Dividends — affiliated issuers | $417981 |
| Interest | 10203641 |
| Interfund lending | 516 |
| Total income | 10622138 |
| Expenses: |  |
| Management services fees | 1040577 |
| Distribution and/or service fees |  |
| Class A | 30739 |
| Class R | 30786 |
| Transfer agent fees |  |
| Class A | 23278 |
| Institutional Class | 84545 |
| Institutional 2 Class | 20124 |
| Institutional 3 Class | 2868 |
| Class R | 11663 |
| Custodian fees | 13211 |
| Printing and postage fees | 10209 |
| Registration fees | 49767 |
| Accounting services fees | 16080 |
| Legal fees | 12106 |
| Compensation of chief compliance officer | 27 |
| Compensation of board members | 7218 |
| Deferred compensation of board members | 16119 |
| Other | 6558 |
| Total expenses | 1375875 |
| **Net investment income** | 9246263 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 1950383 |
| Investments — affiliated issuers | (232)<br>|
| Foreign currency translations | (83246)<br>|
| Forward foreign currency exchange contracts | (425704)<br>|
| Net realized gain | 1441201 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 12133490 |
| Investments — affiliated issuers | 1410 |
| Foreign currency translations | (20661)<br>|
| Forward foreign currency exchange contracts | (1876)<br>|
| Net change in unrealized appreciation (depreciation) | 12112363 |
| Net realized and unrealized gain | 13553564 |
| **Net increase in net assets resulting from operations** | **$22799827** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Statement of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)**<br>| **Year Ended** <br>**August 31, 2025**<br>|
| **Operations** |  |  |
| Net investment income | $9246263 | &nbsp;&nbsp; $14695587 |
| Net realized gain (loss) | 1441201 | &nbsp;&nbsp; (9032046)<br>|
| Net change in unrealized appreciation (depreciation) | 12112363 | &nbsp;&nbsp; 15778301 |
| Net increase in net assets resulting from operations | 22799827 | &nbsp;&nbsp; 21441842 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (611466)<br>| &nbsp;&nbsp; (1342096)<br>|
| Advisor Class |  | &nbsp;&nbsp; (11366)<br>|
| Institutional Class | (2353780)<br>| &nbsp;&nbsp; (3831756)<br>|
| Institutional 2 Class | (1971143)<br>| &nbsp;&nbsp; (3169576)<br>|
| Institutional 3 Class | (3984642)<br>| &nbsp;&nbsp; (6132752)<br>|
| Class R | (291806)<br>| &nbsp;&nbsp; (615743)<br>|
| Total distributions to shareholders | (9212837)<br>| &nbsp;&nbsp; (15103289)<br>|
| Increase in net assets from capital stock activity | 14243530 | &nbsp;&nbsp; 46402162 |
| Total increase in net assets | 27830520 | &nbsp;&nbsp; 52740715 |
| Net assets at beginning of period | 333125023 | &nbsp;&nbsp; 280384308 |
| **Net assets at end of period** | **$360955543** | &nbsp;&nbsp; **$333125023** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Statement of Changes in Net Assets (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** | **Year Ended** | **Year Ended** |
|  | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **August 31, 2025**  | **August 31, 2025**  |
|  | **Shares** | **Dollars ($)** | **Shares** | **Dollars ($)** |
| **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** |
| Class A |  |  |  |  |
| Shares sold | 55247 | &nbsp;&nbsp;&nbsp;&nbsp; 560205 | &nbsp;&nbsp;&nbsp;&nbsp; 132205 | &nbsp;&nbsp;&nbsp;&nbsp; 1273197 |
| Distributions reinvested | 59216 | &nbsp;&nbsp;&nbsp;&nbsp; 598964 | &nbsp;&nbsp;&nbsp;&nbsp; 136776 | &nbsp;&nbsp;&nbsp;&nbsp; 1312658 |
| Shares redeemed | (301359)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3049617)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (664946)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6387269)<br>|
| Net decrease | (186896)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1890448)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (395965)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3801414)<br>|
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3015 | &nbsp;&nbsp;&nbsp;&nbsp; 29349 |
| Distributions reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1164 | &nbsp;&nbsp;&nbsp;&nbsp; 11211 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (87375)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (835361)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (83196)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (794801)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 2736215 | &nbsp;&nbsp;&nbsp;&nbsp; 27640138 | &nbsp;&nbsp;&nbsp;&nbsp; 1417018 | &nbsp;&nbsp;&nbsp;&nbsp; 13663748 |
| Distributions reinvested | 231828 | &nbsp;&nbsp;&nbsp;&nbsp; 2349703 | &nbsp;&nbsp;&nbsp;&nbsp; 397642 | &nbsp;&nbsp;&nbsp;&nbsp; 3822352 |
| Shares redeemed | (806578)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8119432)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1051972)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10149039)<br>|
| Net increase | 2161465 | &nbsp;&nbsp;&nbsp;&nbsp; 21870409 | &nbsp;&nbsp;&nbsp;&nbsp; 762688 | &nbsp;&nbsp;&nbsp;&nbsp; 7337061 |
| Institutional 2 Class |  |  |  |  |
| Shares sold | 510302 | &nbsp;&nbsp;&nbsp;&nbsp; 5204835 | &nbsp;&nbsp;&nbsp;&nbsp; 2671331 | &nbsp;&nbsp;&nbsp;&nbsp; 25824789 |
| Distributions reinvested | 194640 | &nbsp;&nbsp;&nbsp;&nbsp; 1970623 | &nbsp;&nbsp;&nbsp;&nbsp; 329704 | &nbsp;&nbsp;&nbsp;&nbsp; 3168622 |
| Shares redeemed | (1010223)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10277985)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1001727)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (9637144)<br>|
| Net increase (decrease) | (305281)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3102527)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1999308 | &nbsp;&nbsp;&nbsp;&nbsp; 19356267 |
| Institutional 3 Class |  |  |  |  |
| Shares sold | 162811 | &nbsp;&nbsp;&nbsp;&nbsp; 1645846 | &nbsp;&nbsp;&nbsp;&nbsp; 4555815 | &nbsp;&nbsp;&nbsp;&nbsp; 44725925 |
| Distributions reinvested | 393225 | &nbsp;&nbsp;&nbsp;&nbsp; 3984642 | &nbsp;&nbsp;&nbsp;&nbsp; 637553 | &nbsp;&nbsp;&nbsp;&nbsp; 6132752 |
| Shares redeemed | (797394)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8062224)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2634318)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25322779)<br>|
| Net increase (decrease) | (241358)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2431736)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2559050 | &nbsp;&nbsp;&nbsp;&nbsp; 25535898 |
| Class R |  |  |  |  |
| Shares sold | 72964 | &nbsp;&nbsp;&nbsp;&nbsp; 739331 | &nbsp;&nbsp;&nbsp;&nbsp; 35270 | &nbsp;&nbsp;&nbsp;&nbsp; 338586 |
| Distributions reinvested | 28853 | &nbsp;&nbsp;&nbsp;&nbsp; 291724 | &nbsp;&nbsp;&nbsp;&nbsp; 64176 | &nbsp;&nbsp;&nbsp;&nbsp; 615698 |
| Shares redeemed | (122356)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1233223)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (227727)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2185133)<br>|
| Net decrease | (20539)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (202168)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (128281)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1230849)<br>|
| **Total net increase** | **1407391** | &nbsp;&nbsp;&nbsp;&nbsp; **14243530** | &nbsp;&nbsp;&nbsp;&nbsp; **4713604** | &nbsp;&nbsp;&nbsp;&nbsp; **46402162** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Financial Highlights

The following table is intended to help you understand the Fund's financial performance. Certain information reflects financial results for a single share of a class held for the periods shown. Per share net investment income (loss) amounts are calculated based on average shares outstanding during the period. Total return assumes reinvestment of all dividends and distributions, if any. Total return does not reflect payment of sales charges, if any. Total return and portfolio turnover are not annualized for periods of less than one year. The ratios of expenses and net investment income are annualized for periods of less than one year. The portfolio turnover rate is calculated without regard to purchase and sales transactions of short-term instruments and certain derivatives, if any. If such transactions were included, the Fund's portfolio turnover rate may be higher. A zero balance may reflect an amount rounding to less than $0.01 or 0.01%.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset value,** <br>**beginning of** <br>**period**<br>| **Net** <br>**investment** <br>**income**<br>| **Net** <br>**realized** <br>**and** <br>**unrealized** <br>**gain (loss)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Distributions** <br>**from net** <br>**investment** <br>**income**<br>| **Total** <br>**distributions to** <br>**shareholders**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | $9.86 | 0.25 | 0.39 | 0.64 | &nbsp;&nbsp; (0.25)<br>| &nbsp;&nbsp; (0.25)<br>|
| Year Ended 8/31/2025 | $9.64 | 0.48 | 0.23 | 0.71 | &nbsp;&nbsp; (0.49)<br>| &nbsp;&nbsp; (0.49)<br>|
| Year Ended 8/31/2024 | $8.95 | 0.45 | 0.72 | 1.17 | &nbsp;&nbsp; (0.48)<br>| &nbsp;&nbsp; (0.48)<br>|
| Year Ended 8/31/2023 | $9.00 | 0.43 | &nbsp;&nbsp; (0.05)<br>| 0.38 | &nbsp;&nbsp; (0.43)<br>| &nbsp;&nbsp; (0.43)<br>|
| Year Ended 8/31/2022 | $11.59 | 0.37 | &nbsp;&nbsp; (2.59)<br>| &nbsp;&nbsp; (2.22)<br>| &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; (0.37)<br>|
| Year Ended 8/31/2021 | $11.31 | 0.40 | 0.20 | 0.60 | &nbsp;&nbsp; (0.32)<br>| &nbsp;&nbsp; (0.32)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $9.87 | 0.27 | 0.39 | 0.66 | &nbsp;&nbsp; (0.26)<br>| &nbsp;&nbsp; (0.26)<br>|
| Year Ended 8/31/2025 | $9.66 | 0.50 | 0.23 | 0.73 | &nbsp;&nbsp; (0.52)<br>| &nbsp;&nbsp; (0.52)<br>|
| Year Ended 8/31/2024 | $8.96 | 0.47 | 0.73 | 1.20 | &nbsp;&nbsp; (0.50)<br>| &nbsp;&nbsp; (0.50)<br>|
| Year Ended 8/31/2023 | $9.01 | 0.45 | &nbsp;&nbsp; (0.04)<br>| 0.41 | &nbsp;&nbsp; (0.46)<br>| &nbsp;&nbsp; (0.46)<br>|
| Year Ended 8/31/2022 | $11.60 | 0.40 | &nbsp;&nbsp; (2.60)<br>| &nbsp;&nbsp; (2.20)<br>| &nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp; (0.39)<br>|
| Year Ended 8/31/2021 | $11.32 | 0.43 | 0.20 | 0.63 | &nbsp;&nbsp; (0.35)<br>| &nbsp;&nbsp; (0.35)<br>|
| **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $9.87 | 0.27 | 0.39 | 0.66 | &nbsp;&nbsp; (0.27)<br>| &nbsp;&nbsp; (0.27)<br>|
| Year Ended 8/31/2025 | $9.65 | 0.52 | 0.23 | 0.75 | &nbsp;&nbsp; (0.53)<br>| &nbsp;&nbsp; (0.53)<br>|
| Year Ended 8/31/2024 | $8.96 | 0.49 | 0.71 | 1.20 | &nbsp;&nbsp; (0.51)<br>| &nbsp;&nbsp; (0.51)<br>|
| Year Ended 8/31/2023 | $9.00 | 0.46 | &nbsp;&nbsp; (0.03)<br>| 0.43 | &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (0.47)<br>|
| Year Ended 8/31/2022 | $11.60 | 0.41 | &nbsp;&nbsp; (2.61)<br>| &nbsp;&nbsp; (2.20)<br>| &nbsp;&nbsp; (0.40)<br>| &nbsp;&nbsp; (0.40)<br>|
| Year Ended 8/31/2021 | $11.31 | 0.44 | 0.22 | 0.66 | &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; (0.37)<br>|
| **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $9.87 | 0.27 | 0.40 | 0.67 | &nbsp;&nbsp; (0.27)<br>| &nbsp;&nbsp; (0.27)<br>|
| Year Ended 8/31/2025 | $9.66 | 0.52 | 0.22 | 0.74 | &nbsp;&nbsp; (0.53)<br>| &nbsp;&nbsp; (0.53)<br>|
| Year Ended 8/31/2024 | $8.96 | 0.50 | 0.72 | 1.22 | &nbsp;&nbsp; (0.52)<br>| &nbsp;&nbsp; (0.52)<br>|
| Year Ended 8/31/2023 | $9.01 | 0.47 | &nbsp;&nbsp; (0.05)<br>| 0.42 | &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (0.47)<br>|
| Year Ended 8/31/2022 | $11.60 | 0.42 | &nbsp;&nbsp; (2.60)<br>| &nbsp;&nbsp; (2.18)<br>| &nbsp;&nbsp; (0.41)<br>| &nbsp;&nbsp; (0.41)<br>|
| Year Ended 8/31/2021 | $11.32 | 0.45 | 0.20 | 0.65 | &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; (0.37)<br>|

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Financial Highlights (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; **Net** <br>**asset** <br>**value,** <br>**end of** <br>**period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**return**<br>| &nbsp;&nbsp;&nbsp; **Total gross** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; **Total net** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a),(b)</sup> <br>| &nbsp;&nbsp;&nbsp; **Net investment** <br>**income** <br>**ratio to** <br>**average** <br>**net assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**turnover**<br>| &nbsp;&nbsp;&nbsp; **Net** <br>**assets,** <br>**end of** <br>**period** <br>**(000's)**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $10.25 | &nbsp;&nbsp;&nbsp;&nbsp; 6.57% | &nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | &nbsp;&nbsp;&nbsp;&nbsp; 24% | &nbsp;&nbsp;&nbsp;&nbsp; $23969 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $9.86 | &nbsp;&nbsp;&nbsp;&nbsp; 7.67% | &nbsp;&nbsp;&nbsp;&nbsp; 1.12% | &nbsp;&nbsp;&nbsp;&nbsp; 1.12% | &nbsp;&nbsp;&nbsp;&nbsp; 4.99% | &nbsp;&nbsp;&nbsp;&nbsp; 42% | &nbsp;&nbsp;&nbsp;&nbsp; $24888 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $9.64 | &nbsp;&nbsp;&nbsp;&nbsp; 13.44% | &nbsp;&nbsp;&nbsp;&nbsp; 1.13% | &nbsp;&nbsp;&nbsp;&nbsp; 1.13% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.95% | &nbsp;&nbsp;&nbsp;&nbsp; 41% | &nbsp;&nbsp;&nbsp;&nbsp; $28168 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $8.95 | &nbsp;&nbsp;&nbsp;&nbsp; 4.40% | &nbsp;&nbsp;&nbsp;&nbsp; 1.14% | &nbsp;&nbsp;&nbsp;&nbsp; 1.14% | &nbsp;&nbsp;&nbsp;&nbsp; 4.79% | &nbsp;&nbsp;&nbsp;&nbsp; 22% | &nbsp;&nbsp;&nbsp;&nbsp; $27469 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $9.00 | &nbsp;&nbsp;&nbsp;&nbsp; (19.53%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.12% | &nbsp;&nbsp;&nbsp;&nbsp; 1.12% | &nbsp;&nbsp;&nbsp;&nbsp; 3.65% | &nbsp;&nbsp;&nbsp;&nbsp; 28% | &nbsp;&nbsp;&nbsp;&nbsp; $30371 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $11.59 | &nbsp;&nbsp;&nbsp;&nbsp; 5.42% | &nbsp;&nbsp;&nbsp;&nbsp; 1.12% | &nbsp;&nbsp;&nbsp;&nbsp; 1.12% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.49% | &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $43920 |
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $10.27 | &nbsp;&nbsp;&nbsp;&nbsp; 6.79% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 5.27% | &nbsp;&nbsp;&nbsp;&nbsp; 24% | &nbsp;&nbsp;&nbsp;&nbsp; $102817 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $9.87 | &nbsp;&nbsp;&nbsp;&nbsp; 7.81% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 5.24% | &nbsp;&nbsp;&nbsp;&nbsp; 42% | &nbsp;&nbsp;&nbsp;&nbsp; $77512 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $9.66 | &nbsp;&nbsp;&nbsp;&nbsp; 13.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.13% | &nbsp;&nbsp;&nbsp;&nbsp; 41% | &nbsp;&nbsp;&nbsp;&nbsp; $68463 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $8.96 | &nbsp;&nbsp;&nbsp;&nbsp; 4.66% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 5.04% | &nbsp;&nbsp;&nbsp;&nbsp; 22% | &nbsp;&nbsp;&nbsp;&nbsp; $32918 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $9.01 | &nbsp;&nbsp;&nbsp;&nbsp; (19.31%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 3.91% | &nbsp;&nbsp;&nbsp;&nbsp; 28% | &nbsp;&nbsp;&nbsp;&nbsp; $41413 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $11.60 | &nbsp;&nbsp;&nbsp;&nbsp; 5.67% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.75% | &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $44921 |
| **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $10.26 | &nbsp;&nbsp;&nbsp;&nbsp; 6.76% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 5.39% | &nbsp;&nbsp;&nbsp;&nbsp; 24% | &nbsp;&nbsp;&nbsp;&nbsp; $71923 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $9.87 | &nbsp;&nbsp;&nbsp;&nbsp; 8.06% | &nbsp;&nbsp;&nbsp;&nbsp; 0.74% | &nbsp;&nbsp;&nbsp;&nbsp; 0.74% | &nbsp;&nbsp;&nbsp;&nbsp; 5.43% | &nbsp;&nbsp;&nbsp;&nbsp; 42% | &nbsp;&nbsp;&nbsp;&nbsp; $72160 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $9.65 | &nbsp;&nbsp;&nbsp;&nbsp; 13.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | &nbsp;&nbsp;&nbsp;&nbsp; 5.32% | &nbsp;&nbsp;&nbsp;&nbsp; 41% | &nbsp;&nbsp;&nbsp;&nbsp; $51299 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $8.96 | &nbsp;&nbsp;&nbsp;&nbsp; 4.95% | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | &nbsp;&nbsp;&nbsp;&nbsp; 5.20% | &nbsp;&nbsp;&nbsp;&nbsp; 22% | &nbsp;&nbsp;&nbsp;&nbsp; $41341 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $9.00 | &nbsp;&nbsp;&nbsp;&nbsp; (19.29%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 4.05% | &nbsp;&nbsp;&nbsp;&nbsp; 28% | &nbsp;&nbsp;&nbsp;&nbsp; $40987 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $11.60 | &nbsp;&nbsp;&nbsp;&nbsp; 5.90% | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | &nbsp;&nbsp;&nbsp;&nbsp; 3.86% | &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $53660 |
| **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $10.27 | &nbsp;&nbsp;&nbsp;&nbsp; 6.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.68% | &nbsp;&nbsp;&nbsp;&nbsp; 0.68% | &nbsp;&nbsp;&nbsp;&nbsp; 5.44% | &nbsp;&nbsp;&nbsp;&nbsp; 24% | &nbsp;&nbsp;&nbsp;&nbsp; $149634 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $9.87 | &nbsp;&nbsp;&nbsp;&nbsp; 8.01% | &nbsp;&nbsp;&nbsp;&nbsp; 0.69% | &nbsp;&nbsp;&nbsp;&nbsp; 0.69% | &nbsp;&nbsp;&nbsp;&nbsp; 5.43% | &nbsp;&nbsp;&nbsp;&nbsp; 42% | &nbsp;&nbsp;&nbsp;&nbsp; $146237 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $9.66 | &nbsp;&nbsp;&nbsp;&nbsp; 14.03% | &nbsp;&nbsp;&nbsp;&nbsp; 0.70% | &nbsp;&nbsp;&nbsp;&nbsp; 0.70% | &nbsp;&nbsp;&nbsp;&nbsp; 5.40% | &nbsp;&nbsp;&nbsp;&nbsp; 41% | &nbsp;&nbsp;&nbsp;&nbsp; $118353 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $8.96 | &nbsp;&nbsp;&nbsp;&nbsp; 4.88% | &nbsp;&nbsp;&nbsp;&nbsp; 0.70% | &nbsp;&nbsp;&nbsp;&nbsp; 0.70% | &nbsp;&nbsp;&nbsp;&nbsp; 5.25% | &nbsp;&nbsp;&nbsp;&nbsp; 22% | &nbsp;&nbsp;&nbsp;&nbsp; $170183 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $9.01 | &nbsp;&nbsp;&nbsp;&nbsp; (19.16%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.68% | &nbsp;&nbsp;&nbsp;&nbsp; 0.68% | &nbsp;&nbsp;&nbsp;&nbsp; 4.11% | &nbsp;&nbsp;&nbsp;&nbsp; 28% | &nbsp;&nbsp;&nbsp;&nbsp; $169057 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $11.60 | &nbsp;&nbsp;&nbsp;&nbsp; 5.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.69% | &nbsp;&nbsp;&nbsp;&nbsp; 0.69% | &nbsp;&nbsp;&nbsp;&nbsp; 3.92% | &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $190133 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Financial Highlights (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset value,** <br>**beginning of** <br>**period**<br>| **Net** <br>**investment** <br>**income**<br>| **Net** <br>**realized** <br>**and** <br>**unrealized** <br>**gain (loss)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Distributions** <br>**from net** <br>**investment** <br>**income**<br>| **Total** <br>**distributions to** <br>**shareholders**<br>|
| **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** |
| Six Months Ended 2/28/2026 (Unaudited) | $9.85 | 0.24 | 0.40 | 0.64 | &nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp; (0.24)<br>|
| Year Ended 8/31/2025 | $9.64 | 0.45 | 0.23 | 0.68 | &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (0.47)<br>|
| Year Ended 8/31/2024 | $8.95 | 0.43 | 0.71 | 1.14 | &nbsp;&nbsp; (0.45)<br>| &nbsp;&nbsp; (0.45)<br>|
| Year Ended 8/31/2023 | $8.99 | 0.40 | &nbsp;&nbsp; (0.03)<br>| 0.37 | &nbsp;&nbsp; (0.41)<br>| &nbsp;&nbsp; (0.41)<br>|
| Year Ended 8/31/2022 | $11.58 | 0.35 | &nbsp;&nbsp; (2.60)<br>| &nbsp;&nbsp; (2.25)<br>| &nbsp;&nbsp; (0.34)<br>| &nbsp;&nbsp; (0.34)<br>|
| Year Ended 8/31/2021 | $11.30 | 0.37 | 0.20 | 0.57 | &nbsp;&nbsp; (0.29)<br>| &nbsp;&nbsp; (0.29)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Notes to Financial Highlights**  | **Notes to Financial Highlights**  |
| (a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
| (b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.  |
| (c) | The benefits derived from expense reductions had an impact of less than 0.01%. |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Financial Highlights (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; **Net** <br>**asset** <br>**value,** <br>**end of** <br>**period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**return**<br>| &nbsp;&nbsp;&nbsp; **Total gross** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; **Total net** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a),(b)</sup> <br>| &nbsp;&nbsp;&nbsp; **Net investment** <br>**income** <br>**ratio to** <br>**average** <br>**net assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**turnover**<br>| &nbsp;&nbsp;&nbsp; **Net** <br>**assets,** <br>**end of** <br>**period** <br>**(000's)**<br>|
| **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $10.25 | &nbsp;&nbsp;&nbsp;&nbsp; 6.54% | &nbsp;&nbsp;&nbsp;&nbsp; 1.36% | &nbsp;&nbsp;&nbsp;&nbsp; 1.36% | &nbsp;&nbsp;&nbsp;&nbsp; 4.75% | &nbsp;&nbsp;&nbsp;&nbsp; 24% | &nbsp;&nbsp;&nbsp;&nbsp; $12611 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $9.85 | &nbsp;&nbsp;&nbsp;&nbsp; 7.29% | &nbsp;&nbsp;&nbsp;&nbsp; 1.37% | &nbsp;&nbsp;&nbsp;&nbsp; 1.37% | &nbsp;&nbsp;&nbsp;&nbsp; 4.74% | &nbsp;&nbsp;&nbsp;&nbsp; 42% | &nbsp;&nbsp;&nbsp;&nbsp; $12328 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $9.64 | &nbsp;&nbsp;&nbsp;&nbsp; 13.16% | &nbsp;&nbsp;&nbsp;&nbsp; 1.38% | &nbsp;&nbsp;&nbsp;&nbsp; 1.38% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.70% | &nbsp;&nbsp;&nbsp;&nbsp; 41% | &nbsp;&nbsp;&nbsp;&nbsp; $13298 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $8.95 | &nbsp;&nbsp;&nbsp;&nbsp; 4.26% | &nbsp;&nbsp;&nbsp;&nbsp; 1.39% | &nbsp;&nbsp;&nbsp;&nbsp; 1.39% | &nbsp;&nbsp;&nbsp;&nbsp; 4.55% | &nbsp;&nbsp;&nbsp;&nbsp; 22% | &nbsp;&nbsp;&nbsp;&nbsp; $14117 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $8.99 | &nbsp;&nbsp;&nbsp;&nbsp; (19.75%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.37% | &nbsp;&nbsp;&nbsp;&nbsp; 1.37% | &nbsp;&nbsp;&nbsp;&nbsp; 3.40% | &nbsp;&nbsp;&nbsp;&nbsp; 28% | &nbsp;&nbsp;&nbsp;&nbsp; $15618 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $11.58 | &nbsp;&nbsp;&nbsp;&nbsp; 5.15% | &nbsp;&nbsp;&nbsp;&nbsp; 1.37% | &nbsp;&nbsp;&nbsp;&nbsp; 1.37% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.25% | &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $21419 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Emerging Markets Bond Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Emerging Markets Bond Fund (the Fund), a series of Columbia Funds Series Trust II (the Trust), is a non-diversified fund. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.

**Fund shares**

The Trust may issue an unlimited number of shares (without par value). The Fund offers each of the share classes listed in the Statement of Assets and Liabilities. Although all share classes generally have identical voting, dividend and liquidation rights, each share class votes separately when required by the Trust's organizational documents or by law. Each share class has its own expense and sales charge structure. Different share classes may have different minimum initial investment amounts and pay different net investment income distribution amounts to the extent the expenses of distributing such share classes vary. Distributions to shareholders in a liquidation will be proportional to the net asset value of each share class.

As described in the Fund's prospectus, Class A shares are offered to the general public for investment. Institutional Class, Institutional 2 Class, Institutional 3 Class and Class R shares are available for purchase through authorized investment professionals to omnibus retirement plans or to institutional investors and to certain other investors as also described in the Fund's prospectus.

Note 2. Summary of significant accounting policies

**Basis of preparation**

The Fund is an investment company that applies the accounting and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946, *Financial Services - Investment Companies* (ASC 946). The financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP), which requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements.

**Segment reporting**

The intent of FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures is to enable investors to better understand an entity's overall performance and to assess its potential future cash flows through improved segment disclosures. The chief operating decision maker (CODM) for the Fund is Columbia Management Investment Advisers, LLC through its Investment Oversight Committee and Global Executive Group, which are responsible for assessing performance and making decisions about resource allocation. The CODM has determined that the Fund has a single operating segment because the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the Fund's portfolio managers as a team. The financial information provided to and reviewed by the CODM is consistent with that presented within the Fund's financial statements.

**Security valuation**

Debt securities generally are valued based on prices obtained from pricing services, which are intended to reflect market transactions for normal, institutional-size trading units of similar securities. The services may use various pricing techniques that take into account, as applicable, factors such as yield, quality, coupon rate, maturity, type of issue, trading characteristics and other data, as well as approved independent broker-dealer quotes. Debt securities for which quotations are not readily available or not believed to be reflective of market value may also be valued based upon a bid quote from an approved independent broker-dealer. Debt securities maturing in 60 days or less are valued primarily at amortized market value, unless this method results in a valuation that management believes does not approximate fair value.

Columbia Emerging Markets Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Investments in open-end investment companies (other than exchange-traded funds (ETFs)), are valued at the latest net asset value reported by those companies as of the valuation time.

Forward foreign currency exchange contracts are marked-to-market based upon foreign currency exchange rates provided by a pricing service.

Investments for which market quotations are not readily available, or that have quotations which management believes are not reflective of market value or reliable, are valued at fair value as determined in good faith under procedures approved by the Board of Trustees. If a security or class of securities (such as foreign securities) is valued at fair value, such value is likely to be different from the quoted or published price for the security, if available.

The determination of fair value often requires significant judgment. To determine fair value, management may use assumptions including but not limited to future cash flows and estimated risk premiums. Multiple inputs from various sources may be used to determine fair value.

GAAP requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category. This information is disclosed following the Fund's Portfolio of Investments.

**Foreign currency transactions and translations** 

The values of all assets and liabilities denominated in foreign currencies are generally translated into U.S. dollars at exchange rates determined at the close of regular trading on the New York Stock Exchange. Net realized and unrealized gains (losses) on foreign currency transactions and translations include gains (losses) arising from the fluctuation in exchange rates between trade and settlement dates on securities transactions, gains (losses) arising from the disposition of foreign currency and currency gains (losses) between the accrual and payment dates on dividends, interest income and foreign withholding taxes.

For financial statement purposes, the Fund does not distinguish that portion of gains (losses) on investments which is due to changes in foreign exchange rates from that which is due to changes in market prices of the investments. Such fluctuations are included with the net realized and unrealized gains (losses) on investments in the Statement of Operations.

**Derivative instruments**

The Fund invests in certain derivative instruments, as detailed below, in seeking to meet its investment objectives. Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more securities, currencies, commodities, indices, or other assets or instruments. Derivatives may be used to increase investment flexibility (including to maintain cash reserves while maintaining desired exposure to certain assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. The Fund may also use derivative instruments to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. Derivatives may involve various risks, including the potential inability of the counterparty to fulfill its obligations under the terms of the contract, the potential for an illiquid secondary market (making it difficult for the Fund to sell or terminate, including at favorable prices) and the potential for market movements which may expose the Fund to gains or losses in excess of the amount shown in the Statement of Assets and Liabilities. The notional exposure of a financial instrument is the nominal or face amount that is used to calculate payments made on that instrument and/or changes in value for the instrument. The notional exposure is a hypothetical underlying quantity upon which payment obligations are computed. Notional exposures provide a gauge for how the Fund may behave given changes in the underlying rate, asset or reference instrument and individual markets. The notional amounts of derivative instruments, if applicable, are not recorded in the financial statements.

A derivative instrument may suffer a marked-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying instrument. Losses can also occur if the counterparty does not perform its obligations under the contract. The Fund's risk of loss from counterparty credit risk on over-the-counter derivatives is generally expected to be limited to the aggregate unrealized gain netted against any collateral held by the Fund and the amount of any variation margin held by the counterparty, plus any replacement costs or related amounts. With

Columbia Emerging Markets Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

exchange-traded or centrally cleared derivatives, there is reduced counterparty credit risk to the Fund since the clearinghouse or central counterparty provides some protection in the case of clearing member default. The clearinghouse stands between the buyer and the seller of the contract; therefore, the primary counterparty credit risk is the risk of failure of the clearinghouse. However, credit risk still exists in exchange-traded and centrally cleared derivatives with respect to any collateral that is held in a broker's customer accounts. While clearing brokers are required to segregate customer margin from their own assets, in the event that a clearing broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the clearing broker for all its clients and such shortfall is remedied by the central counterparty or otherwise, U.S. bankruptcy laws will typically allocate that shortfall on a pro-rata basis across all the clearing broker's customers (including the Fund) by account class, potentially resulting in losses to the Fund.

In connection with certain over-the-counter derivatives, the Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (ISDA Master Agreement) or similar agreement with its derivatives counterparties. An ISDA Master Agreement is an agreement between the Fund and a counterparty that governs over-the-counter derivatives and foreign exchange forward contracts and contains, among other things, collateral posting terms and netting provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, the Fund may, under certain circumstances, offset with the counterparty certain derivative instruments' payables and/or receivables with collateral held and/or posted and create one single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of default (close-out netting), including the bankruptcy or insolvency of the counterparty. Note, however, that bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset or netting in bankruptcy, insolvency or other events.

Collateral (margin) requirements differ by type of derivative. Margin requirements are established by the clearinghouse or central counterparty for exchange-traded and centrally cleared derivatives. Brokers can ask for margin in excess of the minimum in certain circumstances. Collateral terms for most over-the-counter derivatives are subject to regulatory requirements to exchange variation margin with trading counterparties and may have contract specific margin terms as well. For over-the-counter derivatives traded under an ISDA Master Agreement, the collateral requirements are typically calculated by netting the marked-to-market amount for each transaction under such agreement and comparing that amount to the value of any variation margin currently pledged by the Fund and/or the counterparty. Generally, the amount of collateral due from or to a party has to exceed a minimum transfer amount threshold (e.g., $250,000) before a transfer has to be made. To the extent amounts due to the Fund from its counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from counterparty nonperformance. The Fund may also pay interest expense on cash collateral received from the broker or receive interest income on cash collateral pledged to the broker. The Fund attempts to mitigate counterparty risk by only entering into agreements with counterparties that it believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties.

Certain ISDA Master Agreements allow counterparties of over-the-counter derivatives transactions to terminate derivatives contracts prior to maturity in the event the Fund's net asset value declines by a stated percentage over a specified time period or if the Fund fails to meet certain terms of the ISDA Master Agreement, which would cause the Fund to accelerate payment of any net liability owed to the counterparty. The Fund also has termination rights if the counterparty fails to meet certain terms of the ISDA Master Agreement. In determining whether to exercise such termination rights, the Fund would consider, in addition to counterparty credit risk, whether termination would result in a net liability owed from the counterparty.

For financial reporting purposes, the Fund does not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statement of Assets and Liabilities.

**Forward foreign currency exchange contracts** 

Forward foreign currency exchange contracts are over-the-counter agreements between two parties to buy and sell a currency at a set price on a future date. The Fund utilized forward foreign currency exchange contracts to hedge portfolio currency risk and to facilitate transactions in securities denominated in foreign currencies in the normal course of pursuing its investment objectives. These contracts are used to protect against a decline in value relative to the U.S. dollar of the currencies in which portfolio securities are denominated or quoted (or an increase in the value of a currency in which securities that a Fund intends to buy are denominated, when a Fund holds cash reserves and short-term investments), or for other investment purposes. These instruments may be used for other purposes in future periods.

Columbia Emerging Markets Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

The values of forward foreign currency exchange contracts fluctuate daily with changes in foreign currency exchange rates. Changes in the value of these contracts are recorded as unrealized appreciation or depreciation until the contract is exercised or has expired. The Fund will realize a gain or loss when the forward foreign currency exchange contract is closed or expires. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in U.S. dollars without delivery of foreign currency.

The use of forward foreign currency exchange contracts does not eliminate fluctuations in the prices of the Fund's portfolio securities. The risks of forward foreign currency exchange contracts include movement in the values of the foreign currencies relative to the U.S. dollar (or other foreign currencies) and the possibility that counterparties will not complete their contractual obligations, which may be in excess of the amount reflected, if any, in the Statement of Assets and Liabilities.

**Effects of derivative transactions in the financial statements**

The following tables are intended to provide additional information about the effect of derivatives on the financial statements of the Fund, including: the fair value of derivatives by risk category and the location of those fair values in the Statement of Assets and Liabilities; and the impact of derivative transactions over the period in the Statement of Operations, including realized and unrealized gains (losses). The derivative instrument schedules following the Portfolio of Investments present additional information regarding derivative instruments outstanding at the end of the period, if any.

The following table is a summary of the fair value of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) at February 28, 2026:

---

| | | |
|:---|:---|:---|
|  | **Liability derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Foreign exchange risk | Unrealized depreciation on forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp; 113490 |

---

The following table indicates the effect of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in the Statement of Operations for the six months ended February 28, 2026:

---

| | |
|:---|:---|
| **Amount of realized gain (loss) on derivatives recognized in income** | **Amount of realized gain (loss) on derivatives recognized in income** |
| **Risk exposure category** | **Forward** <br>**foreign** <br>**currency** <br>**exchange** <br>**contracts** <br>**($)**<br>|
| Foreign exchange risk | &nbsp;&nbsp; (425704)<br>|
| **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** |
| **Risk exposure category** | **Forward** <br>**foreign** <br>**currency** <br>**exchange** <br>**contracts** <br>**($)**<br>|
| Foreign exchange risk | &nbsp;&nbsp; (1876)<br>|

---

The following table is a summary of the average daily outstanding volume by derivative instrument for the six months ended February 28, 2026:

---

| | | |
|:---|:---|:---|
| **Derivative instrument** | **Average unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Average unrealized** <br>**depreciation ($)**<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; 25442 | &nbsp;&nbsp;&nbsp;&nbsp; (70458)<br>|

---

Columbia Emerging Markets Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Offsetting of assets and liabilities** 

The following table presents the Fund's gross and net amount of assets and liabilities available for offset under netting arrangements with counterparties as well as any related collateral received or pledged by the Fund as of February 28, 2026:

---

| | | | |
|:---|:---|:---|:---|
|  | **Citi** | &nbsp;&nbsp; **Standard** <br>**Chartered**<br>| **Total** |
| **Liabilities** |  |  |  |
| Forward foreign currency exchange contracts | $&nbsp;&nbsp;&nbsp; 12916<br>| &nbsp;&nbsp;&nbsp; 100574<br>| &nbsp;&nbsp;&nbsp; 113490<br>|
| **Total financial and derivative net assets** | &nbsp;&nbsp;&nbsp; **(12916)**<br>| &nbsp;&nbsp;&nbsp; **(100574)**<br>| &nbsp;&nbsp;&nbsp; **(113490)**<br>|
| Total collateral received (pledged) <sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; -<br>| &nbsp;&nbsp;&nbsp; -<br>| &nbsp;&nbsp;&nbsp; -<br>|
| **Net amount** <sup>(b)</sup> <br>| $&nbsp;&nbsp;&nbsp; **(12916)**<br>| &nbsp;&nbsp;&nbsp; **(100574)**<br>| &nbsp;&nbsp;&nbsp; **(113490)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the net amount due from/(to) counterparties in the event of default.

**Security transactions**

Security transactions are accounted for on the trade date. Cost is determined and gains (losses) are based upon the specific identification method for both financial statement and federal income tax purposes.

**Income recognition**

Interest income is recorded on an accrual basis. Market premiums and discounts, including original issue discounts, are amortized and accreted, respectively, over the expected life of the security on all debt securities, unless otherwise noted. For convertible securities, premiums attributable to the conversion feature are not amortized.

The Fund may place a debt security on non-accrual status and reduce related interest income when it becomes probable that the interest will not be collected and the amount of uncollectible interest can be reasonably estimated. The Fund may also adjust accrual rates when it becomes probable the full interest will not be collected and a partial payment will be received. A defaulted debt security is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is reasonably assured.

Dividend income is recorded on the ex-dividend date.

The value of additional securities received as an income payment through a payment-in-kind, if any, is recorded as interest income and increases the cost basis of such securities.

**Expenses**

General expenses of the Trust are allocated to the Fund and other funds of the Trust based upon relative net assets or other expense allocation methodologies determined by the nature of the expense. Expenses directly attributable to the Fund are charged to the Fund. Expenses directly attributable to a specific class of shares are charged to that share class.

**Determination of class net asset value**

All income, expenses (other than class-specific expenses, which are charged to that share class, as shown in the Statement of Operations) and realized and unrealized gains (losses) are allocated to each class of the Fund on a daily basis, based on the relative net assets of each class, for purposes of determining the net asset value of each class.

**Federal income tax status**

The Fund intends to qualify each year as a regulated investment company under Subchapter M of the Internal Revenue Code, as amended, and will distribute substantially all of its investment company taxable income and net capital gain, if any, for its tax year, and as such will not be subject to federal income taxes. In addition, the Fund intends to distribute in each calendar year substantially all of its ordinary income, capital gain net income and certain other amounts, if any, such that the Fund should not be subject to federal excise tax. Therefore, no federal income or excise tax provision is recorded.

Columbia Emerging Markets Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Foreign taxes**

The Fund may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Fund will accrue such taxes and recoveries, as applicable, based upon its current interpretation of tax rules and regulations that exist in the markets in which it invests.

Realized gains in certain countries may be subject to foreign taxes at the Fund level, based on statutory rates. The Fund accrues for such foreign taxes on realized and unrealized gains at the appropriate rate for each jurisdiction, as applicable. The amount, if any, is disclosed as a liability in the Statement of Assets and Liabilities.

**Distributions to shareholders**

Distributions from net investment income, if any, are declared and paid monthly. Net realized capital gains, if any, are distributed at least annually. Income distributions and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

**Guarantees and indemnifications**

Under the Trust's organizational documents and, in some cases, by contract, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust or its funds. In addition, certain of the Fund's contracts with its service providers contain general indemnification clauses. The Fund's maximum exposure under these arrangements is unknown since the amount of any future claims that may be made against the Fund cannot be determined, and the Fund has no historical basis for predicting the likelihood of any such claims.

Note 3. Fees and other transactions with affiliates

**Management services fees**

The Fund has entered into a Management Agreement with Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). Under the Management Agreement, the Investment Manager provides the Fund with investment research and advice and is responsible for administrative and accounting services. The management services fee is an annual fee that is equal to a percentage of the Fund's daily net assets that declines from 0.60% to 0.393% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.600% of the Fund's average daily net assets.

**Participating Affiliates** 

The Investment Manager and its investment advisory affiliates (Participating Affiliates) around the world may coordinate in providing services to their clients. From time to time the Investment Manager (or any affiliated investment subadviser to the Fund, as the case may be) may engage its Participating Affiliates to provide a variety of services such as investment research, investment monitoring, trading and discretionary investment management (including portfolio management) to certain accounts managed by the Investment Manager, including the Fund. These Participating Affiliates provide services to the Investment Manager (or any affiliated investment subadviser to the Fund, as the case may be) either pursuant to subadvisory agreements, delegation agreements, personnel-sharing agreements or similar inter-company or other arrangements or relationships, and the Fund pays no additional fees and expenses as a result of any such arrangements.

These Participating Affiliates, like the Investment Manager, are direct or indirect subsidiaries of Ameriprise Financial and are registered with the appropriate respective regulators in their home jurisdictions and, where required, the Securities and Exchange Commission and the Commodity Futures Trading Commission in the United States.

Pursuant to some of these arrangements or relationships, certain personnel of these Participating Affiliates may serve as "associated persons" of the Investment Manager and, in this capacity, subject to the oversight and supervision of the Investment Manager and consistent with the investment objectives, policies and limitations set forth in the Fund's prospectus and Statement of Additional Information (SAI), provide such services to the Fund.

Columbia Emerging Markets Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Compensation of Board members**

Members of the Board of Trustees who are not officers or employees of the Investment Manager or Ameriprise Financial are compensated for their services to the Fund as disclosed in the Statement of Operations. Under a Deferred Compensation Plan (the Deferred Plan), these members of the Board of Trustees may elect to defer payment of up to 100% of their compensation. Deferred amounts are treated as though equivalent dollar amounts had been invested in shares of certain funds managed by the Investment Manager. The Fund's liability for these amounts is adjusted for market value changes and remains in the Fund until distributed in accordance with the Deferred Plan. All amounts payable under the Deferred Plan constitute a general unsecured obligation of the Fund. The expense for the Deferred Plan, which includes Trustees' fees deferred during the current period as well as any gains or losses on the Trustees' deferred compensation balances as a result of market fluctuations, is included in "Deferred compensation of board members" in the Statement of Operations.

**Compensation of Chief Compliance Officer**

The Board of Trustees has appointed a Chief Compliance Officer for the Fund in accordance with federal securities regulations. As disclosed in the Statement of Operations, a portion of the Chief Compliance Officer's total compensation is allocated to the Fund, along with other allocations to affiliated registered investment companies managed by the Investment Manager and its affiliates, based on relative net assets.

**Transfer agency fees**

Under a Transfer and Dividend Disbursing Agent Agreement, Columbia Management Investment Services Corp. (the Transfer Agent), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, is responsible for providing transfer agency services to the Fund. The Transfer Agent has contracted with SS&C GIDS, Inc. (SS&C GIDS) to serve as sub-transfer agent. The Transfer Agent pays the fees of SS&C GIDS for services as sub-transfer agent and SS&C GIDS is not entitled to reimbursement for such fees from the Fund (with the exception of out-of-pocket fees).

The Fund pays the Transfer Agent a monthly transfer agency fee based on the number or the average value of accounts, depending on the type of account. In addition, the Fund pays the Transfer Agent a fee for shareholder services based on the number of accounts or on a percentage of the average aggregate value of the Fund's shares maintained in omnibus accounts up to the lesser of the amount charged by the financial intermediary or a cap established by the Board of Trustees from time to time.

The Transfer Agent also receives compensation from the Fund for various shareholder services and reimbursements for certain out-of-pocket fees. Total transfer agency fees for Institutional 2 Class and Institutional 3 Class shares are subject to an annual limitation of not more than 0.07% and 0.02%, respectively, of the average daily net assets attributable to each share class.

For the six months ended February 28, 2026, the Fund's annualized effective transfer agency fee rates as a percentage of average daily net assets of each class were as follows:

---

| | |
|:---|:---|
|  | **Effective rate (%)** |
| Class A | 0.19 |
| Institutional Class | 0.19 |
| Institutional 2 Class | 0.06 |
| Institutional 3 Class | 0.00 |
| Class R | 0.19 |

---

An annual minimum account balance fee of $20 may apply to certain accounts with a value below the applicable share class's initial minimum investment requirements to reduce the impact of small accounts on transfer agency fees. These minimum account balance fees are remitted to the Fund and recorded as part of expense reductions in the Statement of Operations. For the six months ended February 28, 2026, no minimum account balance fees were charged by the Fund.

Columbia Emerging Markets Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Distribution and service fees**

The Fund has entered into an agreement with Columbia Management Investment Distributors, Inc. (the Distributor), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, for distribution and shareholder services. Under a Plan and Agreement of Distribution, the Fund pays a fee at the maximum annual rates of up to 0.25% and 0.50% of the Fund's average daily net assets attributable to Class A and Class R shares, respectively. For Class R shares, of the 0.50% fee, up to 0.25% can be reimbursed for shareholder servicing expenses.

**Sales charges** 

Sales charges, including front-end charges and contingent deferred sales charges (CDSCs), received by the Distributor for distributing Fund shares for the six months ended February 28, 2026, if any, are listed below:

---

| | | |
|:---|:---|:---|
|  | **Front End (%)** | **Amount ($)** |
| Class A | 4.75<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.50 - 1.00 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 7285 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions.

The Fund's other share classes are not subject to sales charges.

**Expenses waived/reimbursed by the Investment Manager and its affiliates**

The Investment Manager and certain of its affiliates have contractually agreed to waive fees and/or reimburse expenses (excluding certain fees and expenses described below) for the period(s) disclosed below, unless sooner terminated at the sole discretion of the Board of Trustees, so that the Fund's net operating expenses, after giving effect to fees waived/expenses reimbursed and any balance credits and/or overdraft charges from the Fund's custodian, do not exceed the following annual rate(s) as a percentage of the classes' average daily net assets:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **January 1, 2026** <br>**through** <br>**December 31, 2026 (%)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Prior to** <br>**January 1, 2026 (%)**<br>|
| Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.14 |
| Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.89 |
| Institutional 2 Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.76 |
| Institutional 3 Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.71 |
| Class R | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.39 |

---

Under the agreement governing these fee waivers and/or expense reimbursement arrangements, the following fees and expenses are excluded from the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with investments in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Board of Trustees. This agreement may be modified or amended only with approval from the Investment Manager, certain of its affiliates and the Fund. Any fees waived and/or expenses reimbursed under the expense reimbursement arrangements described above are not recoverable by the Investment Manager or its affiliates in future periods.

Note 4. Federal tax information

The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP because of temporary or permanent book to tax differences.

Columbia Emerging Markets Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

At February 28, 2026, the approximate cost of all investments for federal income tax purposes and the aggregate gross approximate unrealized appreciation and depreciation based on that cost was:

---

| | | | |
|:---|:---|:---|:---|
| **Federal** <br>**tax cost ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(depreciation) ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net unrealized** <br>**appreciation ($)**<br>|
| 353567000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9845000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5685000 |

---

Tax cost of investments and unrealized appreciation/(depreciation) may also include timing differences that do not constitute adjustments to tax basis.

The following capital loss carryforwards, determined at August 31, 2025, may be available to reduce future net realized gains on investments, if any, to the extent permitted by the Internal Revenue Code.

---

| | | |
|:---|:---|:---|
| **No expiration** <br>**short-term ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **No expiration** <br>**long-term ($)**<br>| **Total ($)** |
| (14493383)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (68688018)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (83181401)<br>|

---

Management of the Fund has concluded that there are no significant uncertain tax positions in the Fund that would require recognition in the financial statements. However, management's conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, new tax laws, regulations, and administrative interpretations (including relevant court decisions). Generally, the Fund's federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

Note 5. Portfolio information

The cost of purchases and proceeds from sales of securities, excluding short-term investments and derivatives, if any, aggregated to $103,187,043 and $75,907,770, respectively, for the six months ended February 28, 2026. The amount of purchase and sale activity impacts the portfolio turnover rate reported in the Financial Highlights.

Note 6. Affiliated money market fund

The Fund invests in Columbia Short-Term Cash Fund, an affiliated money market fund established for the exclusive use by the Fund and other affiliated funds (the Affiliated MMF). The income earned by the Fund from such investments is included as Dividends - affiliated issuers in the Statement of Operations. As an investing fund, the Fund indirectly bears its proportionate share of the expenses of the Affiliated MMF. The Affiliated MMF prices its shares with a floating net asset value. The Securities and Exchange Commission has adopted amendments to money market fund rules requiring institutional prime money market funds like the Affiliated MMF to be subject to a discretionary liquidity fee of up to 2% if the imposition of such a fee is determined to be in the best interest of the Affiliated MMF and to a mandatory liquidity fee if daily net redemptions exceed 5% of net assets.

Note 7. Interfund lending

Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Fund participates in a program (the Interfund Program) allowing each participating Columbia Fund (each, a Participating Fund) to lend money directly to and, except for closed-end funds and money market funds, borrow money directly from other Participating Funds for temporary purposes. The amounts eligible for borrowing and lending under the Interfund Program are subject to certain restrictions.

Interfund loans are subject to the risk that the borrowing fund could be unable to repay the loan when due, and a delay in repayment to the lending fund could result in lost opportunities and/or additional lending costs. The exemptive order is subject to conditions intended to mitigate conflicts of interest arising from the Investment Manager's relationship with each Participating Fund.

Columbia Emerging Markets Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

The Fund's activity in the Interfund Program during the six months ended February 28, 2026 was as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Borrower or lender** | **Average loan** <br>**balance ($)**<br>| &nbsp;&nbsp;&nbsp; **Weighted average** <br>**interest rate (%)**<br>| &nbsp;&nbsp;&nbsp; **Number of days** <br>**with outstanding loans**<br>|
| Lender | 1075000 | &nbsp;&nbsp;&nbsp;&nbsp;4.34 | &nbsp;&nbsp;&nbsp;&nbsp; 4 |

---

Interest income earned by the Fund is recorded as Interfund lending in the Statement of Operations. The Fund had no outstanding interfund loans at February 28, 2026.

Note 8. Line of credit

The Fund has access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. whereby the Fund may borrow for the temporary funding of shareholder redemptions or for other temporary or emergency purposes. Pursuant to an October 23, 2025 amendment and restatement, the credit facility, which is an agreement between the Fund and certain other funds managed by the Investment Manager or an affiliated investment manager, severally and not jointly, permits aggregate borrowings up to $750 million. Interest is currently charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case. Each borrowing under the credit facility matures no later than 60 days after the date of borrowing. The Fund also pays a commitment fee equal to its pro rata share of the unused amount of the credit facility at a rate of 0.15% per annum. The commitment fee is included in other expenses in the Statement of Operations. This agreement expires annually in October unless extended or renewed. Prior to the October 23, 2025 amendment and restatement, the Fund had access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. which permitted collective borrowings up to $900 million. Interest was charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case.

The Fund had no borrowings during the six months ended February 28, 2026.

Note 9. Risks and uncertainties

An investment in the Fund involves risks, including market risk and concentration risk, among others. The value of the Fund's holdings and the Fund's net asset value may go down. These declines may be due to factors affecting a particular issuer, or the result of, among other things, political, regulatory, market, economic or social developments affecting the relevant market(s) more generally.

Global economies and financial markets are increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such risks might affect companies worldwide. As a result, local, regional or global events such as terrorism, war, other conflicts, natural disasters, disease/virus outbreaks and epidemics or other public health issues, recessions, depressions or other events – or the potential for such events – could have a significant negative impact on global economic and market conditions.

To the extent that the Fund concentrates its investment in particular issuers, countries, geographic regions, industries or sectors, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of issuers, countries, geographic regions, industries, sectors or investments.

Additional risk factors of the Fund are described more fully in the Fund's Prospectus and Statement of Additional Information.

**Shareholder concentration risk**

At February 28, 2026, affiliated shareholders of record owned 69.6% of the outstanding shares of the Fund in one or more accounts. Fund shares sold to or redeemed by concentrated accounts may have a significant effect on the operations of the Fund. In the case of a large redemption, the Fund may be forced to sell investments at inopportune times, including its liquid

Columbia Emerging Markets Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

positions, which may result in Fund losses and the Fund holding a higher percentage of less liquid positions. Large redemptions could result in decreased economies of scale and increased operating expenses for non-redeeming Fund shareholders.

Note 10. Subsequent events

Management has evaluated the events and transactions that have occurred through the date the financial statements were issued and noted no items requiring adjustment of the financial statements or additional disclosure.

Note 11. Information regarding pending and settled legal proceedings

Ameriprise Financial and certain of its affiliates are involved, in the normal course of business, in legal proceedings that include regulatory inquiries, arbitration and litigation (including class actions) concerning matters arising in connection with the conduct of their activities as part of a diversified financial services firm. Ameriprise Financial believes that the Fund is not currently the subject of, and that neither Ameriprise Financial nor any of its affiliates are the subject of, any pending legal, arbitration or regulatory proceedings that are likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund. Ameriprise Financial is required to make quarterly (10-Q), annual (10-K) and, as necessary, 8-K filings with the Securities and Exchange Commission (SEC) on legal and regulatory matters that relate to Ameriprise Financial and its affiliates. Copies of these filings may be obtained by accessing the SEC website at www.sec.gov.

There can be no assurance that these matters, or the adverse publicity associated with them, will not result in increased Fund redemptions, reduced sale of Fund shares or other adverse consequences to the Fund. Further, although we believe proceedings are not likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund, these proceedings are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss that may result from such matters. An adverse outcome in one or more of these proceedings could result in adverse judgments, settlements, fines, penalties or other relief, and may lead to further claims, examinations, adverse publicity or reputational damage, each of which could have a material adverse effect on the consolidated financial condition or results of operations or financial condition of Ameriprise Financial or one or more of its affiliates that provide services to the Fund.

Columbia Emerging Markets Bond Fund \| 2026

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**Columbia Emerging Markets Bond Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g24083img173e0f172.jpg)

**Please read and consider the investment objectives, risks, charges and expenses for any fund carefully before investing. For a prospectus and summary prospectus, which contains this and other important information about the Fund, go to** 

columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.

Columbia Threadneedle Investments<sup>®</sup> (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.© 2026 Columbia Management Investment Advisers, LLC.

columbiathreadneedleus.com/investor/

SAR141_08_T01_(04/26)

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![](g24083imgce059bf91.jpg)

Columbia Pyrford International Stock Fund

**Semi-Annual Financial Statements and Additional Information**

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_c3b97f10-8dcc-4d0f-b08a-664683736380_POI-CommonContent-Date-861_1) | 3 |
| [Statement of Assets and Liabilities](#xx_c3b97f10-8dcc-4d0f-b08a-664683736380_FS-CommonContent-Date-861_1) | 7 |
| [Statement of Operations](#xx_c3b97f10-8dcc-4d0f-b08a-664683736380_FS-CommonContent-Date-861_2) | 8 |
| [Statement of Changes in Net Assets](#xx_c3b97f10-8dcc-4d0f-b08a-664683736380_FS-CommonContent-Date-861_3) | 9 |
| [Financial Highlights](#xx_c3b97f10-8dcc-4d0f-b08a-664683736380_FIHI-CommonContent-Date-861_2) | 12 |
| [Notes to Financial Statements](#xx_c3b97f10-8dcc-4d0f-b08a-664683736380_NTF-CommonContent-Date-861_1) | 16 |

---

Columbia Pyrford International Stock Fund \| 2026

------

Portfolio of Investments

February 28, 2026 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Common Stocks 95.7%** | **Common Stocks 95.7%** | **Common Stocks 95.7%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Australia 9.4%** | **Australia 9.4%** | **Australia 9.4%** |
| Brambles Ltd. | &nbsp;&nbsp; 324118 | &nbsp;&nbsp; 5780358 |
| Computershare Ltd. | &nbsp;&nbsp; 175455 | &nbsp;&nbsp; 3868595 |
| Endeavour Group Ltd. | &nbsp;&nbsp; 731537 | &nbsp;&nbsp; 2032356 |
| QBE Insurance Group Ltd. | &nbsp;&nbsp; 244053 | &nbsp;&nbsp; 3789996 |
| Woodside Energy Group Ltd. | &nbsp;&nbsp; 191395 | &nbsp;&nbsp; 3907709 |
| Woolworths Group Ltd. | &nbsp;&nbsp; 175788 | &nbsp;&nbsp; 4506545 |
| **Total** | **Total** | &nbsp;&nbsp; **23885559** |
| **China 0.5%** | **China 0.5%** | **China 0.5%** |
| Fuyao Glass Industry Group Co., Ltd. Class H | &nbsp;&nbsp; 142400 | &nbsp;&nbsp; 1181677 |
| **Finland 2.8%** | **Finland 2.8%** | **Finland 2.8%** |
| KONE OYJ, Class B | &nbsp;&nbsp; 34418 | &nbsp;&nbsp; 2594885 |
| Sampo OYJ, Class A | &nbsp;&nbsp; 400339 | &nbsp;&nbsp; 4436996 |
| **Total** | **Total** | &nbsp;&nbsp; **7031881** |
| **France 8.7%** | **France 8.7%** | **France 8.7%** |
| Air Liquide SA | &nbsp;&nbsp; 27052 | &nbsp;&nbsp; 5688369 |
| Bureau Veritas A | &nbsp;&nbsp; 97805 | &nbsp;&nbsp; 3398869 |
| Dassault Systemes SE | &nbsp;&nbsp; 89714 | &nbsp;&nbsp; 1964625 |
| Legrand SA | &nbsp;&nbsp; 20799 | &nbsp;&nbsp; 3767263 |
| L'Oreal SA | &nbsp;&nbsp; 5545 | &nbsp;&nbsp; 2598089 |
| Rubis SCA | &nbsp;&nbsp; 47315 | &nbsp;&nbsp; 2035102 |
| Sanofi SA | &nbsp;&nbsp; 26790 | &nbsp;&nbsp; 2620099 |
| **Total** | **Total** | &nbsp;&nbsp; **22072416** |
| **Germany 7.9%** | **Germany 7.9%** | **Germany 7.9%** |
| Brenntag SE | &nbsp;&nbsp; 42025 | &nbsp;&nbsp; 2584762 |
| Daimler Truck Holding AG | &nbsp;&nbsp; 39065 | &nbsp;&nbsp; 1970991 |
| Deutsche Post AG | &nbsp;&nbsp; 69075 | &nbsp;&nbsp; 4067493 |
| Infineon Technologies AG | &nbsp;&nbsp; 50867 | &nbsp;&nbsp; 2741468 |
| Merck KGaA | &nbsp;&nbsp; 20938 | &nbsp;&nbsp; 3172437 |
| Nemetschek SE | &nbsp;&nbsp; 15661 | &nbsp;&nbsp; 1247675 |
| SAP SE | &nbsp;&nbsp; 21474 | &nbsp;&nbsp; 4313963 |
| **Total** | **Total** | &nbsp;&nbsp; **20098789** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Hong Kong 4.5%** | **Hong Kong 4.5%** | **Hong Kong 4.5%** |
| AIA Group Ltd. | &nbsp;&nbsp; 457600 | &nbsp;&nbsp; 5048030 |
| ASMPT Ltd. | &nbsp;&nbsp; 149470 | &nbsp;&nbsp; 2130759 |
| Power Assets Holdings Ltd. | &nbsp;&nbsp; 302569 | &nbsp;&nbsp; 2452358 |
| VTech Holdings Ltd. | &nbsp;&nbsp; 195900 | &nbsp;&nbsp; 1613534 |
| **Total** | **Total** | &nbsp;&nbsp; **11244681** |
| **Indonesia 2.8%** | **Indonesia 2.8%** | **Indonesia 2.8%** |
| PT Bank Rakyat Indonesia Persero Tbk | &nbsp;&nbsp; 16105800 | &nbsp;&nbsp; 3748133 |
| PT Telekomunikasi Indonesia Persero Tbk | &nbsp;&nbsp; 15188500 | &nbsp;&nbsp; 3207115 |
| **Total** | **Total** | &nbsp;&nbsp; **6955248** |
| **Japan 14.0%** | **Japan 14.0%** | **Japan 14.0%** |
| ABC-Mart, Inc. | &nbsp;&nbsp; 189300 | &nbsp;&nbsp; 3180153 |
| Japan Tobacco, Inc. | &nbsp;&nbsp; 165568 | &nbsp;&nbsp; 6334534 |
| KDDI Corp. | &nbsp;&nbsp; 310200 | &nbsp;&nbsp; 5328466 |
| Mitsubishi Electric Corp. | &nbsp;&nbsp; 146700 | &nbsp;&nbsp; 5583845 |
| Nabtesco Corp. | &nbsp;&nbsp; 141200 | &nbsp;&nbsp; 4576794 |
| Nihon Kohden Corp. | &nbsp;&nbsp; 350500 | &nbsp;&nbsp; 3910214 |
| Nissan Chemical Industries Ltd. | &nbsp;&nbsp; 93600 | &nbsp;&nbsp; 4257489 |
| Sumitomo Rubber Industries Ltd. | &nbsp;&nbsp; 120900 | &nbsp;&nbsp; 2146065 |
| **Total** | **Total** | &nbsp;&nbsp; **35317560** |
| **Malaysia 2.8%** | **Malaysia 2.8%** | **Malaysia 2.8%** |
| Axiata Group Bhd | &nbsp;&nbsp; 2283300 | &nbsp;&nbsp; 1336787 |
| Malayan Banking Bhd | &nbsp;&nbsp; 1549100 | &nbsp;&nbsp; 4759775 |
| Telekom Malaysia Bhd | &nbsp;&nbsp; 528700 | &nbsp;&nbsp; 1012103 |
| **Total** | **Total** | &nbsp;&nbsp; **7108665** |
| **Netherlands 1.8%** | **Netherlands 1.8%** | **Netherlands 1.8%** |
| Koninklijke Philips NV | &nbsp;&nbsp; 86088 | &nbsp;&nbsp; 2758719 |
| Wolters Kluwer NV | &nbsp;&nbsp; 23081 | &nbsp;&nbsp; 1864611 |
| **Total** | **Total** | &nbsp;&nbsp; **4623330** |
| **Norway 2.1%** | **Norway 2.1%** | **Norway 2.1%** |
| Telenor ASA | &nbsp;&nbsp; 290452 | &nbsp;&nbsp; 5385472 |
| **Singapore 6.5%** | **Singapore 6.5%** | **Singapore 6.5%** |
| ComfortDelGro Corp., Ltd. | &nbsp;&nbsp; 1400600 | &nbsp;&nbsp; 1714660 |
| Singapore Technologies Engineering Ltd. | &nbsp;&nbsp; 352800 | &nbsp;&nbsp; 2776155 |
| Singapore Telecommunications Ltd. | &nbsp;&nbsp; 743607 | &nbsp;&nbsp; 2958487 |
| United Overseas Bank Ltd. | &nbsp;&nbsp; 188402 | &nbsp;&nbsp; 5497095 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Venture Corp., Ltd. | &nbsp;&nbsp; 287400 | &nbsp;&nbsp; 3548728 |
| **Total** | **Total** | &nbsp;&nbsp; **16495125** |
| **Sweden 2.5%** | **Sweden 2.5%** | **Sweden 2.5%** |
| ASSA ABLOY AB, Class B | &nbsp;&nbsp; 43334 | &nbsp;&nbsp; 1844517 |
| Atlas Copco AB, Class A | &nbsp;&nbsp; 82338 | &nbsp;&nbsp; 1771441 |
| Essity AB, Class B | &nbsp;&nbsp; 81312 | &nbsp;&nbsp; 2582834 |
| **Total** | **Total** | &nbsp;&nbsp; **6198792** |
| **Switzerland 8.1%** | **Switzerland 8.1%** | **Switzerland 8.1%** |
| Geberit AG | &nbsp;&nbsp; 1856 | &nbsp;&nbsp; 1560630 |
| Givaudan SA | &nbsp;&nbsp; 304 | &nbsp;&nbsp; 1220983 |
| Nestlé SA, Registered Shares | &nbsp;&nbsp; 61685 | &nbsp;&nbsp; 6739731 |
| Novartis AG, Registered Shares | &nbsp;&nbsp; 30837 | &nbsp;&nbsp; 5184990 |
| Schindler Holding AG | &nbsp;&nbsp; 3149 | &nbsp;&nbsp; 1198924 |
| SGS SA, Registered Shares | &nbsp;&nbsp; 16419 | &nbsp;&nbsp; 2074138 |
| Zurich Insurance Group AG | &nbsp;&nbsp; 3252 | &nbsp;&nbsp; 2453065 |
| **Total** | **Total** | &nbsp;&nbsp; **20432461** |
| **Taiwan 3.0%** | **Taiwan 3.0%** | **Taiwan 3.0%** |
| Advantech Co., Ltd. | &nbsp;&nbsp; 231674 | &nbsp;&nbsp; 2457005 |
| Chunghwa Telecom Co., Ltd. | &nbsp;&nbsp; 491000 | &nbsp;&nbsp; 2113004 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 3119910 |
| **Total** | **Total** | &nbsp;&nbsp; **7689919** |
| **United Kingdom 13.6%** | **United Kingdom 13.6%** | **United Kingdom 13.6%** |
| BP PLC | &nbsp;&nbsp; 285056 | &nbsp;&nbsp; 1847565 |
| British American Tobacco PLC | &nbsp;&nbsp; 56824 | &nbsp;&nbsp; 3548397 |
| Bunzl PLC | &nbsp;&nbsp; 73239 | &nbsp;&nbsp; 2160978 |
| Croda International PLC | &nbsp;&nbsp; 50101 | &nbsp;&nbsp; 2091362 |
| IMI PLC | &nbsp;&nbsp; 38959 | &nbsp;&nbsp; 1511594 |
| Imperial Brands PLC | &nbsp;&nbsp; 56465 | &nbsp;&nbsp; 2529003 |
| Legal & General Group PLC | &nbsp;&nbsp; 987973 | &nbsp;&nbsp; 3608822 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| National Grid PLC | &nbsp;&nbsp; 213028 | &nbsp;&nbsp; 3985036 |
| Reckitt Benckiser Group PLC | &nbsp;&nbsp; 35060 | &nbsp;&nbsp; 3088763 |
| Rio Tinto Ltd. | &nbsp;&nbsp; 23838 | &nbsp;&nbsp; 2833862 |
| Unilever PLC | &nbsp;&nbsp; 75957 | &nbsp;&nbsp; 5579524 |
| Vodafone Group PLC | &nbsp;&nbsp; 1020780 | &nbsp;&nbsp; 1571828 |
| **Total** | **Total** | &nbsp;&nbsp; **34356734** |
| **United States 4.7%** | **United States 4.7%** | **United States 4.7%** |
| GSK PLC | &nbsp;&nbsp; 117681 | &nbsp;&nbsp; 3496687 |
| Roche Holding AG, Genusschein Shares | &nbsp;&nbsp; 12700 | &nbsp;&nbsp; 6043949 |
| Shell PLC | &nbsp;&nbsp; 55350 | &nbsp;&nbsp; 2318217 |
| **Total** | **Total** | &nbsp;&nbsp; **11858853** |
| Total Common Stocks <br>(Cost $145,074,946) | Total Common Stocks <br>(Cost $145,074,946) | &nbsp;&nbsp; **241937162** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Preferred Stocks 1.4%** | **Preferred Stocks 1.4%** | **Preferred Stocks 1.4%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Germany 1.4%** | **Germany 1.4%** | **Germany 1.4%** |
| FUCHS SE | &nbsp;&nbsp; 83066 | &nbsp;&nbsp; 3587137 |
| Total Preferred Stocks <br>(Cost $2,185,038) | Total Preferred Stocks <br>(Cost $2,185,038) | &nbsp;&nbsp; **3587137** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Money Market Funds 1.3%** | **Money Market Funds 1.3%** | **Money Market Funds 1.3%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 3361704 | &nbsp;&nbsp; 3361032 |
| Total Money Market Funds <br>(Cost $3,360,696) | Total Money Market Funds <br>(Cost $3,360,696) | &nbsp;&nbsp; **3361032** |
| **Total Investments in Securities** <br>**(Cost $150,620,680)** | **Total Investments in Securities** <br>**(Cost $150,620,680)** | &nbsp;&nbsp; **248885331** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **4105840** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$252991171** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

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Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) The rate shown is the seven-day current annualized yield at February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(b) 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% |
|  | 5040341 | &nbsp;&nbsp; 33996093 | &nbsp;&nbsp; (35675738)<br>| &nbsp;&nbsp; 336 | &nbsp;&nbsp; 3361032 | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 82849 | &nbsp;&nbsp; 3361704 |

---

**Fair value measurements** 

The Fund categorizes its fair value measurements according to a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund's assumptions about the information market participants would use in pricing an investment. An investment's level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset's or liability's fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

■

Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

■

Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

■

Level 3 — Valuations based on significant unobservable inputs (including the Fund's own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Investment Manager, along with any other relevant factors in the calculation of an investment's fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Values of foreign equity securities actively traded in markets where there is a significant delay in the local close relative to the New York Stock Exchange may include an adjustment to reflect the impact of market movements following the close of local trading, as described in Note 2 to the financial statements – Security valuation. When such adjustments have been made, the foreign equity securities are classified as Level 2.

Investments falling into the Level 3 category, if any, are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Investment Manager. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.

The Fund's Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily available using valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the Investment Manager's organization, including operations and accounting, trading and investments, compliance, risk management and legal.

The Committee meets at least monthly to review and approve valuation matters, which may include a description of specific valuation determinations, data regarding pricing information received from approved pricing vendors and brokers and the results of Board-approved valuation policies and procedures (the Policies). The Policies address, among other things, instances when market quotations are or are not readily available, including recommendations of third party pricing vendors and a determination of appropriate pricing methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. Representatives of Columbia Management Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.

The following table is a summary of the inputs used to value the Fund's investments at February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| Australia |  | &nbsp;&nbsp;&nbsp;&nbsp; 23885559 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23885559 |
| China |  | &nbsp;&nbsp;&nbsp;&nbsp; 1181677 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1181677 |
| Finland |  | &nbsp;&nbsp;&nbsp;&nbsp; 7031881 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7031881 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| France |  | &nbsp;&nbsp;&nbsp;&nbsp; 22072416 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22072416 |
| Germany |  | &nbsp;&nbsp;&nbsp;&nbsp; 20098789 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20098789 |
| Hong Kong |  | &nbsp;&nbsp;&nbsp;&nbsp; 11244681 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11244681 |
| Indonesia | 3207115 | &nbsp;&nbsp;&nbsp;&nbsp; 3748133 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6955248 |
| Japan | 3180153 | &nbsp;&nbsp;&nbsp;&nbsp; 32137407 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 35317560 |
| Malaysia |  | &nbsp;&nbsp;&nbsp;&nbsp; 7108665 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7108665 |
| Netherlands |  | &nbsp;&nbsp;&nbsp;&nbsp; 4623330 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4623330 |
| Norway | 5385472 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5385472 |
| Singapore |  | &nbsp;&nbsp;&nbsp;&nbsp; 16495125 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16495125 |
| Sweden |  | &nbsp;&nbsp;&nbsp;&nbsp; 6198792 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6198792 |
| Switzerland |  | &nbsp;&nbsp;&nbsp;&nbsp; 20432461 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20432461 |
| Taiwan |  | &nbsp;&nbsp;&nbsp;&nbsp; 7689919 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7689919 |
| United Kingdom |  | &nbsp;&nbsp;&nbsp;&nbsp; 34356734 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 34356734 |
| United States |  | &nbsp;&nbsp;&nbsp;&nbsp; 11858853 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11858853 |
| Total Common Stocks | 11772740 | &nbsp;&nbsp;&nbsp;&nbsp; 230164422 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 241937162 |
| Preferred Stocks |  |  |  |  |
| Germany |  | &nbsp;&nbsp;&nbsp;&nbsp; 3587137 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3587137 |
| Total Preferred Stocks |  | &nbsp;&nbsp;&nbsp;&nbsp; 3587137 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3587137 |
| Money Market Funds | 3361032 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3361032 |
| Total Investments in Securities | 15133772 | &nbsp;&nbsp;&nbsp;&nbsp; 233751559 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 248885331 |

---

See the Portfolio of Investments for all investment classifications not indicated in the table.

The Fund's assets assigned to the Level 2 input category are generally valued using the market approach, in which a security's value is determined through reference to prices and information from market transactions for similar or identical assets. These assets include certain foreign securities for which a third party statistical pricing service may be employed for purposes of fair market valuation. The model utilized by such third party statistical pricing service takes into account a security's correlation to available market data including relevant general and sector indices, currency fluctuations, depositary receipts, and futures, as applicable.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

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Statement of Assets and Liabilities

February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Assets** |  |
| Investments in securities, at value |  |
| Unaffiliated issuers (cost $147,259,984) | $245524299 |
| Affiliated issuers (cost $3,360,696) | 3361032 |
| Foreign currency (cost $8) | 8 |
| Receivable for: |  |
| Investments sold | 787676 |
| Capital shares sold | 25572 |
| Dividends | 441719 |
| Foreign tax reclaims | 2926683 |
| Expense reimbursement due from Investment Manager | 1547 |
| Prepaid expenses | 1419 |
| Other assets | 38125 |
| Total assets | 253108080 |
| **Liabilities** |  |
| Payable for: |  |
| Capital shares redeemed | 4200 |
| Management services fees | 6012 |
| Distribution and/or service fees | 14 |
| Transfer agent fees | 48362 |
| Compensation of chief compliance officer | 24 |
| Accounting services fees | 13670 |
| Custodian fees | 17257 |
| Compensation of board members | 1247 |
| Deferred compensation of board members | 26123 |
| Total liabilities | 116909 |
| **Net assets applicable to outstanding capital stock** | **$252991171** |
| **Represented by** |  |
| Paid in capital | 131864415 |
| Total distributable earnings (loss) | 121126756 |
| **Total - representing net assets applicable to outstanding capital stock** | **$252991171** |
| **Class A** |  |
| Net assets | $2040838 |
| Shares outstanding | 122683 |
| Net asset value per share | $16.64 |
| Maximum sales charge  | 5.75% |
| Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $17.66 |
| **Institutional Class** |  |
| Net assets | $200343357 |
| Shares outstanding | 12639558 |
| Net asset value per share | $15.85 |
| **Institutional 2 Class** |  |
| Net assets | $16721500 |
| Shares outstanding | 1054089 |
| Net asset value per share | $15.86 |
| **Institutional 3 Class** |  |
| Net assets | $33882639 |
| Shares outstanding | 2102650 |
| Net asset value per share | $16.11 |
| **Class R** |  |
| Net assets | $2837 |
| Shares outstanding | 173 |
| Net asset value per share<sup>(a)</sup> <br>| $16.36 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Net asset value per share rounds to this amount due to fractional shares outstanding.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

------

Statement of Operations

Six Months Ended February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Net investment income** |  |
| Income: |  |
| Dividends — unaffiliated issuers | $2452934 |
| Dividends — affiliated issuers | 82849 |
| Foreign tax reclaims | 165558 |
| Total income | 2701341 |
| Expenses: |  |
| Management services fees | 1229798 |
| Distribution and/or service fees |  |
| Class A | 2244 |
| Class R | 7 |
| Transfer agent fees |  |
| Class A | 1468 |
| Institutional Class | 155161 |
| Institutional 2 Class | 5053 |
| Institutional 3 Class | 1445 |
| Class R | 2 |
| Custodian fees | 21869 |
| Printing and postage fees | 6415 |
| Registration fees | 43021 |
| Accounting services fees | 16835 |
| Legal fees | 10628 |
| Line of credit interest | 14692 |
| Interest on interfund lending | 2940 |
| Compensation of chief compliance officer | 24 |
| Compensation of board members | 6984 |
| Deferred compensation of board members | 4115 |
| Other | 9551 |
| Total expenses | 1532252 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (294453)<br>|
| Expense reduction | (40)<br>|
| Total net expenses | 1237759 |
| **Net investment income** | 1463582 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 28475180 |
| Investments — affiliated issuers | 58 |
| Foreign currency translations | (176263)<br>|
| Net realized gain | 28298975 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 7434625 |
| Investments — affiliated issuers | 336 |
| Foreign currency translations | 104003 |
| Net change in unrealized appreciation (depreciation) | 7538964 |
| Net realized and unrealized gain | 35837939 |
| **Net increase in net assets resulting from operations** | **$37301521** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

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Statement of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)**<br>| **Year Ended** <br>**August 31, 2025**<br>|
| **Operations** |  |  |
| Net investment income | $1463582 | &nbsp;&nbsp; $8568448 |
| Net realized gain | 28298975 | &nbsp;&nbsp; 27486704 |
| Net change in unrealized appreciation (depreciation) | 7538964 | &nbsp;&nbsp; (8213346)<br>|
| Net increase in net assets resulting from operations | 37301521 | &nbsp;&nbsp; 27841806 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (179733)<br>| &nbsp;&nbsp; (121105)<br>|
| Institutional Class | (20396498)<br>| &nbsp;&nbsp; (17662362)<br>|
| Institutional 2 Class | (2069898)<br>| &nbsp;&nbsp; (1735998)<br>|
| Institutional 3 Class | (8648269)<br>| &nbsp;&nbsp; (8624892)<br>|
| Class R | (287)<br>| &nbsp;&nbsp; (196)<br>|
| Total distributions to shareholders | (31294685)<br>| &nbsp;&nbsp; (28144553)<br>|
| Decrease in net assets from capital stock activity | (54048540)<br>| &nbsp;&nbsp; (68984292)<br>|
| Total decrease in net assets | (48041704)<br>| &nbsp;&nbsp; (69287039)<br>|
| Net assets at beginning of period | 301032875 | &nbsp;&nbsp; 370319914 |
| **Net assets at end of period** | **$252991171** | &nbsp;&nbsp; **$301032875** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

------

Statement of Changes in Net Assets (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** | **Year Ended** | **Year Ended** |
|  | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **August 31, 2025**  | **August 31, 2025**  |
|  | **Shares** | **Dollars ($)** | **Shares** | **Dollars ($)** |
| **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** |
| Class A |  |  |  |  |
| Shares sold | 7381 | &nbsp;&nbsp;&nbsp;&nbsp; 113443 | &nbsp;&nbsp;&nbsp;&nbsp; 15324 | &nbsp;&nbsp;&nbsp;&nbsp; 225615 |
| Distributions reinvested | 12055 | &nbsp;&nbsp;&nbsp;&nbsp; 178661 | &nbsp;&nbsp;&nbsp;&nbsp; 8875 | &nbsp;&nbsp;&nbsp;&nbsp; 119628 |
| Shares redeemed | (5789)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (90901)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (17067)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (260005)<br>|
| Net increase | 13647 | &nbsp;&nbsp;&nbsp;&nbsp; 201203 | &nbsp;&nbsp;&nbsp;&nbsp; 7132 | &nbsp;&nbsp;&nbsp;&nbsp; 85238 |
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 105252 | &nbsp;&nbsp;&nbsp;&nbsp; 1591999 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (14712299)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (215519842)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (14607047)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (213927843)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 60229 | &nbsp;&nbsp;&nbsp;&nbsp; 908599 | &nbsp;&nbsp;&nbsp;&nbsp; 14780136 | &nbsp;&nbsp;&nbsp;&nbsp; 213377668 |
| Distributions reinvested | 1366634 | &nbsp;&nbsp;&nbsp;&nbsp; 19296867 | &nbsp;&nbsp;&nbsp;&nbsp; 1302720 | &nbsp;&nbsp;&nbsp;&nbsp; 16805093 |
| Shares redeemed | (1555111)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23493868)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3326418)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (45812073)<br>|
| Net increase (decrease) | (128248)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3288402)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12756438 | &nbsp;&nbsp;&nbsp;&nbsp; 184370688 |
| Institutional 2 Class |  |  |  |  |
| Shares sold | 10944 | &nbsp;&nbsp;&nbsp;&nbsp; 170400 | &nbsp;&nbsp;&nbsp;&nbsp; 52033 | &nbsp;&nbsp;&nbsp;&nbsp; 787313 |
| Distributions reinvested | 146593 | &nbsp;&nbsp;&nbsp;&nbsp; 2069898 | &nbsp;&nbsp;&nbsp;&nbsp; 134469 | &nbsp;&nbsp;&nbsp;&nbsp; 1735998 |
| Shares redeemed | (299876)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4640376)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (428893)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5709927)<br>|
| Net decrease | (142339)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2400078)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (242391)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3186616)<br>|
| Institutional 3 Class |  |  |  |  |
| Shares sold | 182521 | &nbsp;&nbsp;&nbsp;&nbsp; 2836697 | &nbsp;&nbsp;&nbsp;&nbsp; 516474 | &nbsp;&nbsp;&nbsp;&nbsp; 7413686 |
| Distributions reinvested | 597429 | &nbsp;&nbsp;&nbsp;&nbsp; 8573107 | &nbsp;&nbsp;&nbsp;&nbsp; 657982 | &nbsp;&nbsp;&nbsp;&nbsp; 8612982 |
| Shares redeemed | (3944527)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (59971067)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3624491)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (52352427)<br>|
| Net decrease | (3164577)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (48561263)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2450035)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (36325759)<br>|
| **Total net decrease** | **(3421517)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(54048540)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(4535903)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(68984292)**<br>|

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

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Columbia Pyrford International Stock Fund \| 2026

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Financial Highlights

The following table is intended to help you understand the Fund's financial performance. Certain information reflects financial results for a single share of a class held for the periods shown. For periods ended 2022 and thereafter, per share net investment income (loss) amounts are calculated based on average shares outstanding during the period. Total return assumes reinvestment of all dividends and distributions, if any. Total return does not reflect payment of sales charges, if any. Total return and portfolio turnover are not annualized for periods of less than one year. The ratios of expenses and net investment income are annualized for periods of less than one year. The portfolio turnover rate is calculated without regard to purchase and sales transactions of short-term instruments and certain derivatives, if any. If such transactions were included, the Fund's portfolio turnover rate may be higher. A zero balance may reflect an amount rounding to less than $0.01 or 0.01%.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset value,** <br>**beginning of** <br>**period**<br>| **Net** <br>**investment** <br>**income**<br>| **Net** <br>**realized** <br>**and** <br>**unrealized** <br>**gain (loss)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Distributions** <br>**from net** <br>**investment** <br>**income**<br>| **Distributions** <br>**from net** <br>**realized** <br>**gains**<br>| **Total** <br>**distributions to** <br>**shareholders**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | $16.16 | 0.06 | 2.12 | 2.18 | &nbsp;&nbsp; (0.41)<br>| &nbsp;&nbsp; (1.29)<br>| &nbsp;&nbsp; (1.70)<br>|
| Year Ended 8/31/2025 | $15.91 | 0.38 | 1.04 | 1.42 | &nbsp;&nbsp; (0.42)<br>| &nbsp;&nbsp; (0.75)<br>| &nbsp;&nbsp; (1.17)<br>|
| Year Ended 8/31/2024 | $14.26 | 0.34 | 2.01 | 2.35 | &nbsp;&nbsp; (0.41)<br>| &nbsp;&nbsp; (0.29)<br>| &nbsp;&nbsp; (0.70)<br>|
| Year Ended 8/31/2023 | $12.88 | 0.39 | 1.43 | 1.82 | &nbsp;&nbsp; (0.44)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.44)<br>|
| Year Ended 8/31/2022 | $15.58 | 0.36 | &nbsp;&nbsp; (2.61)<br>| &nbsp;&nbsp; (2.25)<br>| &nbsp;&nbsp; (0.36)<br>| &nbsp;&nbsp; (0.09)<br>| &nbsp;&nbsp; (0.45)<br>|
| Year Ended 8/31/2021<sup>(f),(g)</sup> <br>| $13.56 | 0.37 | 1.89 | 2.26 | &nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.24)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $15.49 | 0.08 | 2.01 | 2.09 | &nbsp;&nbsp; (0.44)<br>| &nbsp;&nbsp; (1.29)<br>| &nbsp;&nbsp; (1.73)<br>|
| Year Ended 8/31/2025 | $15.31 | 0.42 | 0.97 | 1.39 | &nbsp;&nbsp; (0.46)<br>| &nbsp;&nbsp; (0.75)<br>| &nbsp;&nbsp; (1.21)<br>|
| Year Ended 8/31/2024 | $13.77 | 0.36 | 1.92 | 2.28 | &nbsp;&nbsp; (0.45)<br>| &nbsp;&nbsp; (0.29)<br>| &nbsp;&nbsp; (0.74)<br>|
| Year Ended 8/31/2023 | $12.45 | 0.39 | 1.40 | 1.79 | &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.47)<br>|
| Year Ended 8/31/2022<sup>(h)</sup> <br>| $14.07 | 0.27 | &nbsp;&nbsp; (1.89)<br>| &nbsp;&nbsp; (1.62)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $15.51 | 0.08 | 2.01 | 2.09 | &nbsp;&nbsp; (0.45)<br>| &nbsp;&nbsp; (1.29)<br>| &nbsp;&nbsp; (1.74)<br>|
| Year Ended 8/31/2025 | $15.33 | 0.39 | 1.01 | 1.40 | &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (0.75)<br>| &nbsp;&nbsp; (1.22)<br>|
| Year Ended 8/31/2024 | $13.77 | 0.40 | 1.91 | 2.31 | &nbsp;&nbsp; (0.46)<br>| &nbsp;&nbsp; (0.29)<br>| &nbsp;&nbsp; (0.75)<br>|
| Year Ended 8/31/2023 | $12.45 | 0.40 | 1.41 | 1.81 | &nbsp;&nbsp; (0.49)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.49)<br>|
| Year Ended 8/31/2022<sup>(h)</sup> <br>| $14.07 | 0.28 | &nbsp;&nbsp; (1.90)<br>| &nbsp;&nbsp; (1.62)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $15.74 | 0.09 | 2.03 | 2.12 | &nbsp;&nbsp; (0.46)<br>| &nbsp;&nbsp; (1.29)<br>| &nbsp;&nbsp; (1.75)<br>|
| Year Ended 8/31/2025 | $15.53 | 0.39 | 1.04 | 1.43 | &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (0.75)<br>| &nbsp;&nbsp; (1.22)<br>|
| Year Ended 8/31/2024 | $13.94 | 0.39 | 1.95 | 2.34 | &nbsp;&nbsp; (0.46)<br>| &nbsp;&nbsp; (0.29)<br>| &nbsp;&nbsp; (0.75)<br>|
| Year Ended 8/31/2023 | $12.60 | 0.42 | 1.41 | 1.83 | &nbsp;&nbsp; (0.49)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.49)<br>|
| Year Ended 8/31/2022<sup>(g)</sup> <br>| $15.26 | 0.39 | &nbsp;&nbsp; (2.55)<br>| &nbsp;&nbsp; (2.16)<br>| &nbsp;&nbsp; (0.41)<br>| &nbsp;&nbsp; (0.09)<br>| &nbsp;&nbsp; (0.50)<br>|
| Year Ended 8/31/2021<sup>(f),(g)</sup> <br>| $13.31 | 0.43 | 1.84 | 2.27 | &nbsp;&nbsp; (0.32)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.32)<br>|

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

------

Financial Highlights (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; **Net** <br>**asset** <br>**value,** <br>**end of** <br>**period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**return**<br>| &nbsp;&nbsp;&nbsp; **Total gross** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; **Total net** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a),(b)</sup> <br>| &nbsp;&nbsp;&nbsp; **Net investment** <br>**income** <br>**ratio to** <br>**average** <br>**net assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**turnover**<br>| &nbsp;&nbsp;&nbsp; **Net** <br>**assets,** <br>**end of** <br>**period** <br>**(000's)**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $16.64 | &nbsp;&nbsp;&nbsp;&nbsp; 14.75% | &nbsp;&nbsp;&nbsp;&nbsp; 1.39% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.16% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.72% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; $2041 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $16.16 | &nbsp;&nbsp;&nbsp;&nbsp; 10.40% | &nbsp;&nbsp;&nbsp;&nbsp; 1.36% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.15% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.54% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; $1762 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $15.91 | &nbsp;&nbsp;&nbsp;&nbsp; 17.16% | &nbsp;&nbsp;&nbsp;&nbsp; 1.31% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.14% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.35% | &nbsp;&nbsp;&nbsp;&nbsp; 14% | &nbsp;&nbsp;&nbsp;&nbsp; $1621 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $14.26 | &nbsp;&nbsp;&nbsp;&nbsp; 14.42% | &nbsp;&nbsp;&nbsp;&nbsp; 1.28% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.09% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.81% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $2049 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $12.88 | &nbsp;&nbsp;&nbsp;&nbsp; (14.81%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.29% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.12% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.51% | &nbsp;&nbsp;&nbsp;&nbsp; 17% | &nbsp;&nbsp;&nbsp;&nbsp; $1686 |
|  Year Ended 8/31/2021 <br><sup>(f),(g)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.58 | &nbsp;&nbsp;&nbsp;&nbsp; 16.83% | &nbsp;&nbsp;&nbsp;&nbsp; 1.20% | &nbsp;&nbsp;&nbsp;&nbsp; 1.19% | &nbsp;&nbsp;&nbsp;&nbsp; 2.54% | &nbsp;&nbsp;&nbsp;&nbsp; 13% | &nbsp;&nbsp;&nbsp;&nbsp; $1986 |
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $15.85 | &nbsp;&nbsp;&nbsp;&nbsp; 14.88% | &nbsp;&nbsp;&nbsp;&nbsp; 1.13% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.91% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; $200343 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $15.49 | &nbsp;&nbsp;&nbsp;&nbsp; 10.65% | &nbsp;&nbsp;&nbsp;&nbsp; 1.11% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.91% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.98% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; $197823 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $15.31 | &nbsp;&nbsp;&nbsp;&nbsp; 17.26% | &nbsp;&nbsp;&nbsp;&nbsp; 1.05% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.89% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.58% | &nbsp;&nbsp;&nbsp;&nbsp; 14% | &nbsp;&nbsp;&nbsp;&nbsp; $174 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $13.77 | &nbsp;&nbsp;&nbsp;&nbsp; 14.75% | &nbsp;&nbsp;&nbsp;&nbsp; 1.03% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.84% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.97% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $3028 |
|  Year Ended 8/31/2022 <br><sup>(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.45 | &nbsp;&nbsp;&nbsp;&nbsp; (11.51%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.03% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.00% | &nbsp;&nbsp;&nbsp;&nbsp; 17% | &nbsp;&nbsp;&nbsp;&nbsp; $1256 |
| **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** | **Institutional 2 Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $15.86 | &nbsp;&nbsp;&nbsp;&nbsp; 14.89% | &nbsp;&nbsp;&nbsp;&nbsp; 1.02% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.83% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.04% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; $16722 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $15.51 | &nbsp;&nbsp;&nbsp;&nbsp; 10.70% | &nbsp;&nbsp;&nbsp;&nbsp; 1.00% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.83% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.70% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; $18557 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $15.33 | &nbsp;&nbsp;&nbsp;&nbsp; 17.52% | &nbsp;&nbsp;&nbsp;&nbsp; 1.00% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.83% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.91% | &nbsp;&nbsp;&nbsp;&nbsp; 14% | &nbsp;&nbsp;&nbsp;&nbsp; $22050 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $13.77 | &nbsp;&nbsp;&nbsp;&nbsp; 14.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.94% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.02% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $34905 |
|  Year Ended 8/31/2022 <br><sup>(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.45 | &nbsp;&nbsp;&nbsp;&nbsp; (11.51%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.12% | &nbsp;&nbsp;&nbsp;&nbsp; 17% | &nbsp;&nbsp;&nbsp;&nbsp; $39674 |
| **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $16.11 | &nbsp;&nbsp;&nbsp;&nbsp; 14.84% | &nbsp;&nbsp;&nbsp;&nbsp; 0.95% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.77% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; $33883 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $15.74 | &nbsp;&nbsp;&nbsp;&nbsp; 10.82% | &nbsp;&nbsp;&nbsp;&nbsp; 0.96% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.79% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.68% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; $82888 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $15.53 | &nbsp;&nbsp;&nbsp;&nbsp; 17.53% | &nbsp;&nbsp;&nbsp;&nbsp; 0.95% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.75% | &nbsp;&nbsp;&nbsp;&nbsp; 14% | &nbsp;&nbsp;&nbsp;&nbsp; $119859 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $13.94 | &nbsp;&nbsp;&nbsp;&nbsp; 14.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.94% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.17% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $126568 |
|  Year Ended 8/31/2022 <br><sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.60 | &nbsp;&nbsp;&nbsp;&nbsp; (14.53%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.88% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.74% | &nbsp;&nbsp;&nbsp;&nbsp; 17% | &nbsp;&nbsp;&nbsp;&nbsp; $109460 |
|  Year Ended 8/31/2021 <br><sup>(f),(g)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.26 | &nbsp;&nbsp;&nbsp;&nbsp; 17.31% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 0.79% | &nbsp;&nbsp;&nbsp;&nbsp; 2.99% | &nbsp;&nbsp;&nbsp;&nbsp; 13% | &nbsp;&nbsp;&nbsp;&nbsp; $272505 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

------

Financial Highlights (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset value,** <br>**beginning of** <br>**period**<br>| **Net** <br>**investment** <br>**income**<br>| **Net** <br>**realized** <br>**and** <br>**unrealized** <br>**gain (loss)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Distributions** <br>**from net** <br>**investment** <br>**income**<br>| **Distributions** <br>**from net** <br>**realized** <br>**gains**<br>| **Total** <br>**distributions to** <br>**shareholders**<br>|
| **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** |
| Six Months Ended 2/28/2026 (Unaudited) | $15.91 | 0.04 | 2.07 | 2.11 | &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; (1.29)<br>| &nbsp;&nbsp; (1.66)<br>|
| Year Ended 8/31/2025 | $15.68 | 0.33 | 1.03 | 1.36 | &nbsp;&nbsp; (0.38)<br>| &nbsp;&nbsp; (0.75)<br>| &nbsp;&nbsp; (1.13)<br>|
| Year Ended 8/31/2024 | $14.06 | 0.31 | 1.98 | 2.29 | &nbsp;&nbsp; (0.38)<br>| &nbsp;&nbsp; (0.29)<br>| &nbsp;&nbsp; (0.67)<br>|
| Year Ended 8/31/2023 | $12.71 | 0.34 | 1.42 | 1.76 | &nbsp;&nbsp; (0.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.41)<br>|
| Year Ended 8/31/2022<sup>(h)</sup> <br>| $14.42 | 0.29 | &nbsp;&nbsp; (2.00)<br>| &nbsp;&nbsp; (1.71)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Notes to Financial Highlights**  | **Notes to Financial Highlights**  |
| (a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
| (b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.  |
| (c) | Ratios include interfund lending expense. For the periods indicated below, if interfund lending expense had been excluded, expenses would have been lower by: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Class** | **2/28/2026** | **8/31/2025** | **8/31/2024** | **8/31/2023** | **8/31/2022** | **8/31/2021** |
| Class A | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; —% |
| Institutional Class | less than 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; —% |
| Institutional 2 Class | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; —% | &nbsp;&nbsp; —% |
| Institutional 3 Class | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; —% |
| Class R | less than 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; —% | &nbsp;&nbsp; —% | &nbsp;&nbsp; —% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(d) Ratios include line of credit interest expense. For the periods indicated below, if line of credit interest expense had been excluded, expenses would have been lower by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Class** | **2/28/2026** |
| Class A | 0.01% |
| Institutional Class | 0.01% |
| Institutional 2 Class | 0.01% |
| Institutional 3 Class | 0.01% |
| Class R | 0.01% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(e) The benefits derived from expense reductions had an impact of less than 0.01%.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Net investment income (loss) per share calculated using the average shares method.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Redemption fees consisted of per share amounts less than $0.01.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Institutional Class, Institutional 2 Class and Class R shares commenced operations on December 15, 2021. Per share data and total return reflect activity from that date.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

------

Financial Highlights (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; **Net** <br>**asset** <br>**value,** <br>**end of** <br>**period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**return**<br>| &nbsp;&nbsp;&nbsp; **Net investment** <br>**income** <br>**ratio to** <br>**average** <br>**net assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**turnover**<br>| &nbsp;&nbsp;&nbsp; **Net** <br>**assets,** <br>**end of** <br>**period** <br>**(000's)**<br>|
| **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $16.36 | &nbsp;&nbsp;&nbsp;&nbsp; 14.52%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.63% <br><sup>(c),(d)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.41% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.47% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; $3 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $15.91 | &nbsp;&nbsp;&nbsp;&nbsp; 10.12%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.63% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.40% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.22% | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; $3 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $15.68 | &nbsp;&nbsp;&nbsp;&nbsp; 16.88%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.57% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.41% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.18% | &nbsp;&nbsp;&nbsp;&nbsp; 14% | &nbsp;&nbsp;&nbsp;&nbsp; $3 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $14.06 | &nbsp;&nbsp;&nbsp;&nbsp; 14.10%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.53% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.34% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.54% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $2 |
|  Year Ended 8/31/2022 <br><sup>(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.71 | &nbsp;&nbsp;&nbsp;&nbsp; (11.86%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.53% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.35% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.87% | &nbsp;&nbsp;&nbsp;&nbsp; 17% | &nbsp;&nbsp;&nbsp;&nbsp; $2 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Pyrford International Stock Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Pyrford International Stock Fund (the Fund), a series of Columbia Funds Series Trust II (the Trust), is a diversified fund. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.

**Fund shares**

The Trust may issue an unlimited number of shares (without par value). The Fund offers each of the share classes listed in the Statement of Assets and Liabilities. Although all share classes generally have identical voting, dividend and liquidation rights, each share class votes separately when required by the Trust's organizational documents or by law. Each share class has its own expense and sales charge structure. Different share classes may have different minimum initial investment amounts and pay different net investment income distribution amounts to the extent the expenses of distributing such share classes vary. Distributions to shareholders in a liquidation will be proportional to the net asset value of each share class.

As described in the Fund's prospectus, Class A shares are offered to the general public for investment. Institutional Class, Institutional 2 Class, Institutional 3 Class and Class R shares are available for purchase through authorized investment professionals to omnibus retirement plans or to institutional investors and to certain other investors as also described in the Fund's prospectus.

Note 2. Summary of significant accounting policies

**Basis of preparation**

The Fund is an investment company that applies the accounting and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946, *Financial Services - Investment Companies* (ASC 946). The financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP), which requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements.

**Segment reporting**

The intent of FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures is to enable investors to better understand an entity's overall performance and to assess its potential future cash flows through improved segment disclosures. The chief operating decision maker (CODM) for the Fund is Columbia Management Investment Advisers, LLC through its Investment Oversight Committee and Global Executive Group, which are responsible for assessing performance and making decisions about resource allocation. The CODM has determined that the Fund has a single operating segment because the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the Fund's portfolio managers as a team. The financial information provided to and reviewed by the CODM is consistent with that presented within the Fund's financial statements.

**Security valuation**

Equity securities listed on an exchange are valued at the closing price or last trade price on their primary exchange at the close of business of the New York Stock Exchange. Securities with a closing price not readily available or not listed on any exchange are valued at the mean between the closing bid and ask prices. Listed preferred stocks convertible into common stocks are valued using an evaluated price from a pricing service.

Columbia Pyrford International Stock Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Foreign equity securities are valued based on the closing price or last trade price on their primary exchange at the close of business of the New York Stock Exchange. If any foreign equity security closing prices are not readily available, the securities are valued at the mean of the latest quoted bid and ask prices on such exchanges or markets. Foreign currency exchange rates are determined at the scheduled closing time of the New York Stock Exchange. Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange; therefore, the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. In those situations, foreign securities will be fair valued pursuant to a policy approved by the Board of Trustees. Under the policy, the Fund may utilize a third-party pricing service to determine these fair values. The third-party pricing service takes into account multiple factors, including relevant general and sector indices, currency fluctuations, depositary receipts, and futures, as applicable, to determine a good faith estimate that reasonably reflects the current market conditions as of the close of the New York Stock Exchange. The fair value of a security is likely to be different from the quoted or published price, if available.

Investments in open-end investment companies (other than exchange-traded funds (ETFs)), are valued at the latest net asset value reported by those companies as of the valuation time.

Investments for which market quotations are not readily available, or that have quotations which management believes are not reflective of market value or reliable, are valued at fair value as determined in good faith under procedures approved by the Board of Trustees. If a security or class of securities (such as foreign securities) is valued at fair value, such value is likely to be different from the quoted or published price for the security, if available.

The determination of fair value often requires significant judgment. To determine fair value, management may use assumptions including but not limited to future cash flows and estimated risk premiums. Multiple inputs from various sources may be used to determine fair value.

GAAP requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category. This information is disclosed following the Fund's Portfolio of Investments.

**Foreign currency transactions and translations** 

The values of all assets and liabilities denominated in foreign currencies are generally translated into U.S. dollars at exchange rates determined at the close of regular trading on the New York Stock Exchange. Net realized and unrealized gains (losses) on foreign currency transactions and translations include gains (losses) arising from the fluctuation in exchange rates between trade and settlement dates on securities transactions, gains (losses) arising from the disposition of foreign currency and currency gains (losses) between the accrual and payment dates on dividends, interest income and foreign withholding taxes.

For financial statement purposes, the Fund does not distinguish that portion of gains (losses) on investments which is due to changes in foreign exchange rates from that which is due to changes in market prices of the investments. Such fluctuations are included with the net realized and unrealized gains (losses) on investments in the Statement of Operations.

**Security transactions**

Security transactions are accounted for on the trade date. Cost is determined and gains (losses) are based upon the specific identification method for both financial statement and federal income tax purposes.

**Income recognition**

Corporate actions and dividend income are generally recorded net of any non-reclaimable tax withholdings, on the ex-dividend date or upon receipt of an ex-dividend notification in the case of certain foreign securities.

The Fund may receive distributions from holdings in equity securities, business development companies (BDCs), exchange-traded funds (ETFs), limited partnerships (LPs), other regulated investment companies (RICs), and real estate investment trusts (REITs), which report information as to the tax character of their distributions annually. These distributions are allocated to dividend income, capital gain and return of capital based on actual information reported. Return of capital is recorded as a reduction of the cost basis of securities held. If the Fund no longer owns the applicable securities, return of

Columbia Pyrford International Stock Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

capital is recorded as a realized gain. With respect to REITs, to the extent actual information has not yet been reported, estimates for return of capital are made by Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). The Investment Manager's estimates are subsequently adjusted when the actual character of the distributions is disclosed by the REITs, which could result in a proportionate change in return of capital to shareholders.

Awards from class action litigation are recorded as a reduction of cost basis if the Fund still owns the applicable securities on the payment date. If the Fund no longer owns the applicable securities on the payment date, the proceeds are recorded as realized gains.

**Expenses**

General expenses of the Trust are allocated to the Fund and other funds of the Trust based upon relative net assets or other expense allocation methodologies determined by the nature of the expense. Expenses directly attributable to the Fund are charged to the Fund. Expenses directly attributable to a specific class of shares are charged to that share class.

**Determination of class net asset value**

All income, expenses (other than class-specific expenses, which are charged to that share class, as shown in the Statement of Operations) and realized and unrealized gains (losses) are allocated to each class of the Fund on a daily basis, based on the relative net assets of each class, for purposes of determining the net asset value of each class.

**Federal income tax status**

The Fund intends to qualify each year as a regulated investment company under Subchapter M of the Internal Revenue Code, as amended, and will distribute substantially all of its investment company taxable income and net capital gain, if any, for its tax year, and as such will not be subject to federal income taxes. In addition, the Fund intends to distribute in each calendar year substantially all of its ordinary income, capital gain net income and certain other amounts, if any, such that the Fund should not be subject to federal excise tax. Therefore, no federal income or excise tax provision is recorded.

**Foreign taxes**

The Fund may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Fund will accrue such taxes and recoveries, as applicable, based upon its current interpretation of tax rules and regulations that exist in the markets in which it invests.

Realized gains in certain countries may be subject to foreign taxes at the Fund level, based on statutory rates. The Fund accrues for such foreign taxes on realized and unrealized gains at the appropriate rate for each jurisdiction, as applicable. The amount, if any, is disclosed as a liability in the Statement of Assets and Liabilities.

**Distributions to shareholders**

Distributions from net investment income, if any, are declared and paid annually. Net realized capital gains, if any, are distributed at least annually. Income distributions and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

**Guarantees and indemnifications**

Under the Trust's organizational documents and, in some cases, by contract, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust or its funds. In addition, certain of the Fund's contracts with its service providers contain general indemnification clauses. The Fund's maximum exposure under these arrangements is unknown since the amount of any future claims that may be made against the Fund cannot be determined, and the Fund has no historical basis for predicting the likelihood of any such claims.

Columbia Pyrford International Stock Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Note 3. Fees and other transactions with affiliates

**Management services fees**

The Fund has entered into a Management Agreement with Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). Under the Management Agreement, the Investment Manager provides the Fund with investment research and advice and is responsible for administrative and accounting services. The Investment Manager is responsible for the ultimate oversight of investments made by the Fund. The Fund's subadviser (see Subadvisory agreement below) has the primary responsibility for the day-to-day portfolio management of the Fund. The management services fee is an annual fee that is equal to a percentage of the Fund's daily net assets that declines from 0.87% to 0.62% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.87% of the Fund's average daily net assets.

**Subadvisory agreement**

The Investment Manager has entered into a Subadvisory Agreement with Pyrford International Ltd. (Pyrford) to serve as the subadviser to the Fund. Pyrford is an affiliate of the Investment Manager. The Investment Manager compensates Pyrford to manage the investment of the Fund's assets.

**Compensation of Board members**

Members of the Board of Trustees who are not officers or employees of the Investment Manager or Ameriprise Financial are compensated for their services to the Fund as disclosed in the Statement of Operations. Under a Deferred Compensation Plan (the Deferred Plan), these members of the Board of Trustees may elect to defer payment of up to 100% of their compensation. Deferred amounts are treated as though equivalent dollar amounts had been invested in shares of certain funds managed by the Investment Manager. The Fund's liability for these amounts is adjusted for market value changes and remains in the Fund until distributed in accordance with the Deferred Plan. All amounts payable under the Deferred Plan constitute a general unsecured obligation of the Fund. The expense for the Deferred Plan, which includes Trustees' fees deferred during the current period as well as any gains or losses on the Trustees' deferred compensation balances as a result of market fluctuations, is included in "Deferred compensation of board members" in the Statement of Operations.

**Compensation of Chief Compliance Officer**

The Board of Trustees has appointed a Chief Compliance Officer for the Fund in accordance with federal securities regulations. As disclosed in the Statement of Operations, a portion of the Chief Compliance Officer's total compensation is allocated to the Fund, along with other allocations to affiliated registered investment companies managed by the Investment Manager and its affiliates, based on relative net assets.

**Transfer agency fees**

Under a Transfer and Dividend Disbursing Agent Agreement, Columbia Management Investment Services Corp. (the Transfer Agent), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, is responsible for providing transfer agency services to the Fund. The Transfer Agent has contracted with SS&C GIDS, Inc. (SS&C GIDS) to serve as sub-transfer agent. The Transfer Agent pays the fees of SS&C GIDS for services as sub-transfer agent and SS&C GIDS is not entitled to reimbursement for such fees from the Fund (with the exception of out-of-pocket fees).

The Fund pays the Transfer Agent a monthly transfer agency fee based on the number or the average value of accounts, depending on the type of account. In addition, the Fund pays the Transfer Agent a fee for shareholder services based on the number of accounts or on a percentage of the average aggregate value of the Fund's shares maintained in omnibus accounts up to the lesser of the amount charged by the financial intermediary or a cap established by the Board of Trustees from time to time.

Columbia Pyrford International Stock Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

The Transfer Agent also receives compensation from the Fund for various shareholder services and reimbursements for certain out-of-pocket fees. Total transfer agency fees for Institutional 2 Class and Institutional 3 Class shares are subject to an annual limitation of not more than 0.07% and 0.02%, respectively, of the average daily net assets attributable to each share class.

For the six months ended February 28, 2026, the Fund's annualized effective transfer agency fee rates as a percentage of average daily net assets of each class were as follows:

---

| | |
|:---|:---|
|  | **Effective rate (%)** |
| Class A | 0.16 |
| Institutional Class | 0.16 |
| Institutional 2 Class | 0.05 |
| Institutional 3 Class | 0.00 |
| Class R | 0.16 |

---

An annual minimum account balance fee of $20 may apply to certain accounts with a value below the applicable share class's initial minimum investment requirements to reduce the impact of small accounts on transfer agency fees. These minimum account balance fees are remitted to the Fund and recorded as part of expense reductions in the Statement of Operations. For the six months ended February 28, 2026, these minimum account balance fees reduced total expenses of the Fund by $40.

**Distribution and service fees**

The Fund has entered into an agreement with Columbia Management Investment Distributors, Inc. (the Distributor), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, for distribution and shareholder services. Under a Plan and Agreement of Distribution, the Fund pays a fee at the maximum annual rates of up to 0.25% and 0.50% of the Fund's average daily net assets attributable to Class A and Class R shares, respectively. For Class R shares, of the 0.50% fee, up to 0.25% can be reimbursed for shareholder servicing expenses.

**Sales charges** 

Sales charges, including front-end charges and contingent deferred sales charges (CDSCs), received by the Distributor for distributing Fund shares for the six months ended February 28, 2026, if any, are listed below:

---

| | | |
|:---|:---|:---|
|  | **Front End (%)** | **Amount ($)** |
| Class A | 5.75<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.50 - 1.00 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 59 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions.

The Fund's other share classes are not subject to sales charges.

**Expenses waived/reimbursed by the Investment Manager and its affiliates**

The Investment Manager and certain of its affiliates have contractually agreed to waive fees and/or reimburse expenses (excluding certain fees and expenses described below) for the period(s) disclosed below, unless sooner terminated at the sole discretion of the Board of Trustees, so that the Fund's net operating expenses, after giving effect to fees waived/expenses reimbursed and any balance credits and/or overdraft charges from the Fund's custodian, do not exceed the following annual rate(s) as a percentage of the classes' average daily net assets:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **January 1, 2026** <br>**through** <br>**December 31, 2026 (%)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Prior to** <br>**January 1, 2026 (%)**<br>|
| Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.15 |
| Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.90 |
| Institutional 2 Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.84 |
| Institutional 3 Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.78 |
| Class R | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.40 |

---

Columbia Pyrford International Stock Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Under the agreement governing these fee waivers and/or expense reimbursement arrangements, the following fees and expenses are excluded from the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with investments in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Board of Trustees. This agreement may be modified or amended only with approval from the Investment Manager, certain of its affiliates and the Fund. Any fees waived and/or expenses reimbursed under the expense reimbursement arrangements described above are not recoverable by the Investment Manager or its affiliates in future periods.

Note 4. Federal tax information

The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP because of temporary or permanent book to tax differences.

At February 28, 2026, the approximate cost of all investments for federal income tax purposes and the aggregate gross approximate unrealized appreciation and depreciation based on that cost was:

---

| | | | |
|:---|:---|:---|:---|
| **Federal** <br>**tax cost ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(depreciation) ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net unrealized** <br>**appreciation ($)**<br>|
| 150621000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104536000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6272000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98264000 |

---

Tax cost of investments and unrealized appreciation/(depreciation) may also include timing differences that do not constitute adjustments to tax basis.

Management of the Fund has concluded that there are no significant uncertain tax positions in the Fund that would require recognition in the financial statements. However, management's conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, new tax laws, regulations, and administrative interpretations (including relevant court decisions). Generally, the Fund's federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

Note 5. Portfolio information

The cost of purchases and proceeds from sales of securities, excluding short-term investments and derivatives, if any, aggregated to $7,017,514 and $87,972,326, respectively, for the six months ended February 28, 2026. The amount of purchase and sale activity impacts the portfolio turnover rate reported in the Financial Highlights.

Note 6. Affiliated money market fund

The Fund invests in Columbia Short-Term Cash Fund, an affiliated money market fund established for the exclusive use by the Fund and other affiliated funds (the Affiliated MMF). The income earned by the Fund from such investments is included as Dividends - affiliated issuers in the Statement of Operations. As an investing fund, the Fund indirectly bears its proportionate share of the expenses of the Affiliated MMF. The Affiliated MMF prices its shares with a floating net asset value. The Securities and Exchange Commission has adopted amendments to money market fund rules requiring institutional prime money market funds like the Affiliated MMF to be subject to a discretionary liquidity fee of up to 2% if the imposition of such a fee is determined to be in the best interest of the Affiliated MMF and to a mandatory liquidity fee if daily net redemptions exceed 5% of net assets.

Columbia Pyrford International Stock Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Note 7. Interfund lending

Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Fund participates in a program (the Interfund Program) allowing each participating Columbia Fund (each, a Participating Fund) to lend money directly to and, except for closed-end funds and money market funds, borrow money directly from other Participating Funds for temporary purposes. The amounts eligible for borrowing and lending under the Interfund Program are subject to certain restrictions.

Interfund loans are subject to the risk that the borrowing fund could be unable to repay the loan when due, and a delay in repayment to the lending fund could result in lost opportunities and/or additional lending costs. The exemptive order is subject to conditions intended to mitigate conflicts of interest arising from the Investment Manager's relationship with each Participating Fund.

The Fund's activity in the Interfund Program during the six months ended February 28, 2026 was as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Borrower or lender** | **Average loan** <br>**balance ($)**<br>| &nbsp;&nbsp;&nbsp; **Weighted average** <br>**interest rate (%)**<br>| &nbsp;&nbsp;&nbsp; **Number of days** <br>**with outstanding loans**<br>|
| Borrower | 2766667 | &nbsp;&nbsp;&nbsp;&nbsp;4.39 | &nbsp;&nbsp;&nbsp;&nbsp; 9 |

---

Interest expense incurred by the Fund is recorded as Interest on interfund lending in the Statement of Operations. The Fund had no outstanding interfund loans at February 28, 2026.

Note 8. Line of credit

The Fund has access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. whereby the Fund may borrow for the temporary funding of shareholder redemptions or for other temporary or emergency purposes. Pursuant to an October 23, 2025 amendment and restatement, the credit facility, which is an agreement between the Fund and certain other funds managed by the Investment Manager or an affiliated investment manager, severally and not jointly, permits aggregate borrowings up to $750 million. Interest is currently charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case. Each borrowing under the credit facility matures no later than 60 days after the date of borrowing. The Fund also pays a commitment fee equal to its pro rata share of the unused amount of the credit facility at a rate of 0.15% per annum. The commitment fee is included in other expenses in the Statement of Operations. This agreement expires annually in October unless extended or renewed. Prior to the October 23, 2025 amendment and restatement, the Fund had access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. which permitted collective borrowings up to $900 million. Interest was charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case.

For the six months ended February 28, 2026, the Fund's borrowing activity was as follows:

---

| | | |
|:---|:---|:---|
| **Average loan** <br>**balance ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Weighted average** <br>**interest rate (%)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Days** <br>**outstanding**<br>|
| 37066667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 |

---

Interest expense incurred by the Fund is recorded as Line of credit interest in the Statement of Operations. The Fund had no outstanding borrowings at February 28, 2026.

Note 9. Risks and uncertainties

An investment in the Fund involves risks, including market risk and concentration risk, among others. The value of the Fund's holdings and the Fund's net asset value may go down. These declines may be due to factors affecting a particular issuer, or the result of, among other things, political, regulatory, market, economic or social developments affecting the relevant market(s) more generally.

Columbia Pyrford International Stock Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Global economies and financial markets are increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such risks might affect companies worldwide. As a result, local, regional or global events such as terrorism, war, other conflicts, natural disasters, disease/virus outbreaks and epidemics or other public health issues, recessions, depressions or other events – or the potential for such events – could have a significant negative impact on global economic and market conditions.

To the extent that the Fund concentrates its investment in particular issuers, countries, geographic regions, industries or sectors, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of issuers, countries, geographic regions, industries, sectors or investments.

Additional risk factors of the Fund are described more fully in the Fund's Prospectus and Statement of Additional Information.

**Shareholder concentration risk**

At February 28, 2026, two unaffiliated shareholders of record owned 58.1% of the outstanding shares of the Fund in one or more accounts. The Fund has no knowledge about whether any portion of those shares was owned beneficially. Fund shares sold to or redeemed by concentrated accounts may have a significant effect on the operations of the Fund. In the case of a large redemption, the Fund may be forced to sell investments at inopportune times, including its liquid positions, which may result in Fund losses and the Fund holding a higher percentage of less liquid positions. Large redemptions could result in decreased economies of scale and increased operating expenses for non-redeeming Fund shareholders.

Note 10. Subsequent events

Management has evaluated the events and transactions that have occurred through the date the financial statements were issued and noted no items requiring adjustment of the financial statements or additional disclosure.

Note 11. Information regarding pending and settled legal proceedings

Ameriprise Financial and certain of its affiliates are involved, in the normal course of business, in legal proceedings that include regulatory inquiries, arbitration and litigation (including class actions) concerning matters arising in connection with the conduct of their activities as part of a diversified financial services firm. Ameriprise Financial believes that the Fund is not currently the subject of, and that neither Ameriprise Financial nor any of its affiliates are the subject of, any pending legal, arbitration or regulatory proceedings that are likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund. Ameriprise Financial is required to make quarterly (10-Q), annual (10-K) and, as necessary, 8-K filings with the Securities and Exchange Commission (SEC) on legal and regulatory matters that relate to Ameriprise Financial and its affiliates. Copies of these filings may be obtained by accessing the SEC website at www.sec.gov.

There can be no assurance that these matters, or the adverse publicity associated with them, will not result in increased Fund redemptions, reduced sale of Fund shares or other adverse consequences to the Fund. Further, although we believe proceedings are not likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund, these proceedings are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss that may result from such matters. An adverse outcome in one or more of these proceedings could result in adverse judgments, settlements, fines, penalties or other relief, and may lead to further claims, examinations, adverse publicity or reputational damage, each of which could have a material adverse effect on the consolidated financial condition or results of operations or financial condition of Ameriprise Financial or one or more of its affiliates that provide services to the Fund.

Columbia Pyrford International Stock Fund \| 2026

------

**Columbia Pyrford International Stock Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g24083imgb60ea4c12.jpg)

**Please read and consider the investment objectives, risks, charges and expenses for any fund carefully before investing. For a prospectus and summary prospectus, which contains this and other important information about the Fund, go to** 

columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.

Columbia Threadneedle Investments<sup>®</sup> (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.© 2026 Columbia Management Investment Advisers, LLC.

columbiathreadneedleus.com/investor/

SAR319_08_T01_(04/26)

------

![](g24083imgfc5f50371.jpg)

Columbia Integrated Large Cap Growth Fund

**Semi-Annual Financial Statements and Additional Information**

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_2d79d06b-c05d-47ce-98a5-da9252d17b89_POI-CommonContent-Date-864_1) | 3 |
| [Statement of Assets and Liabilities](#xx_2d79d06b-c05d-47ce-98a5-da9252d17b89_FS-CommonContent-Date-864_1) | 7 |
| [Statement of Operations](#xx_2d79d06b-c05d-47ce-98a5-da9252d17b89_FS-CommonContent-Date-864_2) | 8 |
| [Statement of Changes in Net Assets](#xx_2d79d06b-c05d-47ce-98a5-da9252d17b89_FS-CommonContent-Date-864_3) | 9 |
| [Financial Highlights](#xx_2d79d06b-c05d-47ce-98a5-da9252d17b89_FIHI-CommonContent-Date-864_2) | 12 |
| [Notes to Financial Statements](#xx_2d79d06b-c05d-47ce-98a5-da9252d17b89_NTF-CommonContent-Date-864_1) | 14 |

---

Columbia Integrated Large Cap Growth Fund \| 2026

------

Portfolio of Investments

February 28, 2026 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Common Stocks 98.6%** | **Common Stocks 98.6%** | **Common Stocks 98.6%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 11.7%** | **Communication Services 11.7%** | **Communication Services 11.7%** |
| **Interactive Media & Services 11.7%** | **Interactive Media & Services 11.7%** | **Interactive Media & Services 11.7%** |
| Alphabet, Inc., Class A | &nbsp;&nbsp; 11013 | &nbsp;&nbsp; 3433413 |
| Alphabet, Inc., Class C | &nbsp;&nbsp; 31791 | &nbsp;&nbsp; 9900671 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp; 12600 | &nbsp;&nbsp; 8167068 |
| Total |  | &nbsp;&nbsp; 21501152 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **21501152** |
| **Consumer Discretionary 14.1%** | **Consumer Discretionary 14.1%** | **Consumer Discretionary 14.1%** |
| **Automobiles 2.9%** | **Automobiles 2.9%** | **Automobiles 2.9%** |
| Tesla, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13142 | &nbsp;&nbsp; 5289786 |
| **Broadline Retail 4.7%** | **Broadline Retail 4.7%** | **Broadline Retail 4.7%** |
| Amazon.com, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 41312 | &nbsp;&nbsp; 8675520 |
| **Hotels, Restaurants & Leisure 3.3%** | **Hotels, Restaurants & Leisure 3.3%** | **Hotels, Restaurants & Leisure 3.3%** |
| Booking Holdings, Inc. | &nbsp;&nbsp; 533 | &nbsp;&nbsp; 2259574 |
| Expedia Group, Inc. | &nbsp;&nbsp; 9278 | &nbsp;&nbsp; 2001172 |
| Las Vegas Sands Corp. | &nbsp;&nbsp; 30539 | &nbsp;&nbsp; 1732172 |
| Total |  | &nbsp;&nbsp; 5992918 |
| **Specialty Retail 3.2%** | **Specialty Retail 3.2%** | **Specialty Retail 3.2%** |
| Abercrombie & Fitch Co., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 9109 | &nbsp;&nbsp; 890860 |
| Ross Stores, Inc. | &nbsp;&nbsp; 4167 | &nbsp;&nbsp; 856902 |
| TJX Companies, Inc. (The) | &nbsp;&nbsp; 16427 | &nbsp;&nbsp; 2655589 |
| Ulta Beauty, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2124 | &nbsp;&nbsp; 1454494 |
| Total |  | &nbsp;&nbsp; 5857845 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **25816069** |
| **Consumer Staples 0.6%** | **Consumer Staples 0.6%** | **Consumer Staples 0.6%** |
| **Consumer Staples Distribution & Retail 0.6%** | **Consumer Staples Distribution & Retail 0.6%** | **Consumer Staples Distribution & Retail 0.6%** |
| Maplebear, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15250 | &nbsp;&nbsp; 572027 |
| Sysco Corp. | &nbsp;&nbsp; 4805 | &nbsp;&nbsp; 438024 |
| Total |  | &nbsp;&nbsp; 1010051 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **1010051** |
| **Energy 1.2%** | **Energy 1.2%** | **Energy 1.2%** |
| **Energy Equipment & Services 1.2%** | **Energy Equipment & Services 1.2%** | **Energy Equipment & Services 1.2%** |
| TechnipFMC PLC | &nbsp;&nbsp; 32591 | &nbsp;&nbsp; 2161109 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **2161109** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Financials 6.8%** | **Financials 6.8%** | **Financials 6.8%** |
| **Banks 0.4%** | **Banks 0.4%** | **Banks 0.4%** |
| Western Alliance Bancorp | &nbsp;&nbsp; 10078 | &nbsp;&nbsp; 809465 |
| **Capital Markets 1.7%** | **Capital Markets 1.7%** | **Capital Markets 1.7%** |
| Charles Schwab Corp. (The) | &nbsp;&nbsp; 13751 | &nbsp;&nbsp; 1309095 |
| SEI Investments Co. | &nbsp;&nbsp; 21422 | &nbsp;&nbsp; 1742037 |
| Total |  | &nbsp;&nbsp; 3051132 |
| **Consumer Finance 1.5%** | **Consumer Finance 1.5%** | **Consumer Finance 1.5%** |
| American Express Co. | &nbsp;&nbsp; 8979 | &nbsp;&nbsp; 2773613 |
| **Financial Services 1.0%** | **Financial Services 1.0%** | **Financial Services 1.0%** |
| MasterCard, Inc., Class A | &nbsp;&nbsp; 2777 | &nbsp;&nbsp; 1436292 |
| PayPal Holdings, Inc. | &nbsp;&nbsp; 10622 | &nbsp;&nbsp; 490843 |
| Total |  | &nbsp;&nbsp; 1927135 |
| **Insurance 2.2%** | **Insurance 2.2%** | **Insurance 2.2%** |
| Progressive Corp. (The) | &nbsp;&nbsp; 8555 | &nbsp;&nbsp; 1827861 |
| RenaissanceRe Holdings Ltd. | &nbsp;&nbsp; 7108 | &nbsp;&nbsp; 2149886 |
| Total |  | &nbsp;&nbsp; 3977747 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **12539092** |
| **Health Care 10.6%** | **Health Care 10.6%** | **Health Care 10.6%** |
| **Biotechnology 3.7%** | **Biotechnology 3.7%** | **Biotechnology 3.7%** |
| BioMarin Pharmaceutical, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15989 | &nbsp;&nbsp; 987001 |
| Incyte Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 8802 | &nbsp;&nbsp; 891378 |
| Insmed, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3320 | &nbsp;&nbsp; 495776 |
| Neurocrine Biosciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 8766 | &nbsp;&nbsp; 1159303 |
| Vertex Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6367 | &nbsp;&nbsp; 3163317 |
| Total |  | &nbsp;&nbsp; 6696775 |
| **Health Care Providers & Services 3.5%** | **Health Care Providers & Services 3.5%** | **Health Care Providers & Services 3.5%** |
| Cardinal Health, Inc. | &nbsp;&nbsp; 10220 | &nbsp;&nbsp; 2342731 |
| Cigna Group (The) | &nbsp;&nbsp; 3915 | &nbsp;&nbsp; 1134645 |
| McKesson Corp. | &nbsp;&nbsp; 2936 | &nbsp;&nbsp; 2898918 |
| Total |  | &nbsp;&nbsp; 6376294 |
| **Pharmaceuticals 3.4%** | **Pharmaceuticals 3.4%** | **Pharmaceuticals 3.4%** |
| Eli Lilly & Co. | &nbsp;&nbsp; 5973 | &nbsp;&nbsp; 6283537 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **19356606** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Industrials 5.8%** | **Industrials 5.8%** | **Industrials 5.8%** |
| **Commercial Services & Supplies 1.1%** | **Commercial Services & Supplies 1.1%** | **Commercial Services & Supplies 1.1%** |
| Rollins, Inc. | &nbsp;&nbsp; 34790 | &nbsp;&nbsp; 2118363 |
| **Construction & Engineering 0.6%** | **Construction & Engineering 0.6%** | **Construction & Engineering 0.6%** |
| EMCOR Group, Inc. | &nbsp;&nbsp; 1465 | &nbsp;&nbsp; 1061568 |
| **Electrical Equipment 2.3%** | **Electrical Equipment 2.3%** | **Electrical Equipment 2.3%** |
| GE Vernova, Inc. | &nbsp;&nbsp; 4754 | &nbsp;&nbsp; 4153094 |
| **Ground Transportation 1.6%** | **Ground Transportation 1.6%** | **Ground Transportation 1.6%** |
| Uber Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 38704 | &nbsp;&nbsp; 2919056 |
| **Professional Services 0.2%** | **Professional Services 0.2%** | **Professional Services 0.2%** |
| Paylocity Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3226 | &nbsp;&nbsp; 343537 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **10595618** |
| **Information Technology 44.9%** | **Information Technology 44.9%** | **Information Technology 44.9%** |
| **Communications Equipment 3.0%** | **Communications Equipment 3.0%** | **Communications Equipment 3.0%** |
| Arista Networks, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 22099 | &nbsp;&nbsp; 2950216 |
| Motorola Solutions, Inc. | &nbsp;&nbsp; 5306 | &nbsp;&nbsp; 2558872 |
| Total |  | &nbsp;&nbsp; 5509088 |
| **IT Services 0.6%** | **IT Services 0.6%** | **IT Services 0.6%** |
| EPAM Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7887 | &nbsp;&nbsp; 1112067 |
| **Semiconductors & Semiconductor Equipment 19.8%** | **Semiconductors & Semiconductor Equipment 19.8%** | **Semiconductors & Semiconductor Equipment 19.8%** |
| Advanced Micro Devices, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13496 | &nbsp;&nbsp; 2702034 |
| Broadcom, Inc. | &nbsp;&nbsp; 34619 | &nbsp;&nbsp; 11062501 |
| Credo Technology Group Holding Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11239 | &nbsp;&nbsp; 1261803 |
| Micron Technology, Inc. | &nbsp;&nbsp; 3271 | &nbsp;&nbsp; 1348862 |
| NVIDIA Corp. | &nbsp;&nbsp; 112647 | &nbsp;&nbsp; 19959922 |
| Total |  | &nbsp;&nbsp; 36335122 |
| **Software 12.9%** | **Software 12.9%** | **Software 12.9%** |
| Adobe, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9761 | &nbsp;&nbsp; 2561384 |
| Dynatrace, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 44965 | &nbsp;&nbsp; 1615143 |
| HubSpot, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3351 | &nbsp;&nbsp; 886373 |
| Microsoft Corp. | &nbsp;&nbsp; 28133 | &nbsp;&nbsp; 11048954 |
| Palantir Technologies, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 18716 | &nbsp;&nbsp; 2567648 |
| Salesforce, Inc. | &nbsp;&nbsp; 10605 | &nbsp;&nbsp; 2065748 |
| ServiceNow, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13548 | &nbsp;&nbsp; 1463320 |
| Workday, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 10090 | &nbsp;&nbsp; 1349638 |
| Total |  | &nbsp;&nbsp; 23558208 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Technology Hardware, Storage & Peripherals 8.6%** | **Technology Hardware, Storage & Peripherals 8.6%** | **Technology Hardware, Storage & Peripherals 8.6%** |
| Apple, Inc. | &nbsp;&nbsp; 54520 | &nbsp;&nbsp; 14403094 |
| Pure Storage, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 12095 | &nbsp;&nbsp; 776741 |
| Seagate Technology Holdings PLC | &nbsp;&nbsp; 1405 | &nbsp;&nbsp; 573015 |
| Total |  | &nbsp;&nbsp; 15752850 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **82267335** |
| **Materials 1.1%** | **Materials 1.1%** | **Materials 1.1%** |
| **Metals & Mining 1.1%** | **Metals & Mining 1.1%** | **Metals & Mining 1.1%** |
| Coeur Mining, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 37081 | &nbsp;&nbsp; 1006749 |
| Newmont Corp. | &nbsp;&nbsp; 7849 | &nbsp;&nbsp; 1020370 |
| Total |  | &nbsp;&nbsp; 2027119 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **2027119** |
| **Real Estate 0.3%** | **Real Estate 0.3%** | **Real Estate 0.3%** |
| **Hotel & Resort REITs 0.3%** | **Hotel & Resort REITs 0.3%** | **Hotel & Resort REITs 0.3%** |
| Host Hotels & Resorts, Inc. | &nbsp;&nbsp; 24516 | &nbsp;&nbsp; 480268 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **480268** |
| **Utilities 1.5%** | **Utilities 1.5%** | **Utilities 1.5%** |
| **Electric Utilities 1.3%** | **Electric Utilities 1.3%** | **Electric Utilities 1.3%** |
| NRG Energy, Inc. | &nbsp;&nbsp; 12912 | &nbsp;&nbsp; 2310732 |
| **Independent Power and Renewable Electricity Producers 0.2%** | **Independent Power and Renewable Electricity Producers 0.2%** | **Independent Power and Renewable Electricity Producers 0.2%** |
| Vistra Corp. | &nbsp;&nbsp; 2337 | &nbsp;&nbsp; 406381 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **2717113** |
| Total Common Stocks <br>(Cost $83,426,703) | Total Common Stocks <br>(Cost $83,426,703) | &nbsp;&nbsp; **180471532** |
| **Money Market Funds 1.6%** | **Money Market Funds 1.6%** | **Money Market Funds 1.6%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 2938900 | &nbsp;&nbsp; 2938312 |
| Total Money Market Funds <br>(Cost $2,938,007) | Total Money Market Funds <br>(Cost $2,938,007) | &nbsp;&nbsp; **2938312** |
| **Total Investments in Securities** <br>**(Cost: $86,364,710)** | **Total Investments in Securities** <br>**(Cost: $86,364,710)** | &nbsp;&nbsp; **183409844** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(334601)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **183075243** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing investment.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The rate shown is the seven-day current annualized yield at February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% |
|  | 4987927 | &nbsp;&nbsp; 22384007 | &nbsp;&nbsp; (24433815)<br>| &nbsp;&nbsp; 193 | &nbsp;&nbsp; 2938312 | &nbsp;&nbsp; 226 | &nbsp;&nbsp; 52150 | &nbsp;&nbsp; 2938900 |

---

**Fair value measurements** 

The Fund categorizes its fair value measurements according to a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund's assumptions about the information market participants would use in pricing an investment. An investment's level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset's or liability's fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

■

Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

■

Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

■

Level 3 — Valuations based on significant unobservable inputs (including the Fund's own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Investment Manager, along with any other relevant factors in the calculation of an investment's fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Investments falling into the Level 3 category, if any, are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Investment Manager. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.

The Fund's Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily available using valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the Investment Manager's organization, including operations and accounting, trading and investments, compliance, risk management and legal.

The Committee meets at least monthly to review and approve valuation matters, which may include a description of specific valuation determinations, data regarding pricing information received from approved pricing vendors and brokers and the results of Board-approved valuation policies and procedures (the Policies). The Policies address, among other things, instances when market quotations are or are not readily available, including recommendations of third party pricing vendors and a determination of appropriate pricing methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. Representatives of Columbia Management Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.

The following table is a summary of the inputs used to value the Fund's investments at February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| Communication Services | 21501152 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 21501152 |
| Consumer Discretionary | 25816069 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25816069 |
| Consumer Staples | 1010051 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1010051 |
| Energy | 2161109 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2161109 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| Financials | 12539092 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12539092 |
| Health Care | 19356606 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19356606 |
| Industrials | 10595618 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10595618 |
| Information Technology | 82267335 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 82267335 |
| Materials | 2027119 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2027119 |
| Real Estate | 480268 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 480268 |
| Utilities | 2717113 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2717113 |
| Total Common Stocks | 180471532 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 180471532 |
| Money Market Funds | 2938312 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2938312 |
| Total Investments in Securities | 183409844 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 183409844 |

---

See the Portfolio of Investments for all investment classifications not indicated in the table.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Statement of Assets and Liabilities

February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Assets** |  |
| Investments in securities, at value |  |
| Unaffiliated issuers (cost $83,426,703) | $180471532 |
| Affiliated issuers (cost $2,938,007) | 2938312 |
| Cash | 127 |
| Receivable for: |  |
| Capital shares sold | 34618 |
| Dividends | 60194 |
| Expense reimbursement due from Investment Manager | 2386 |
| Prepaid expenses | 273 |
| Other assets | 5372 |
| Total assets | 183512814 |
| **Liabilities** |  |
| Payable for: |  |
| Capital shares redeemed | 333386 |
| Management services fees | 3807 |
| Distribution and/or service fees | 430 |
| Transfer agent fees | 13147 |
| Compensation of chief compliance officer | 33 |
| Merger fees | 37232 |
| Compensation of board members | 1005 |
| Other expenses | 27289 |
| Deferred compensation of board members | 21242 |
| Total liabilities | 437571 |
| **Net assets applicable to outstanding capital stock** | **$183075243** |
| **Represented by** |  |
| Paid in capital | 65433024 |
| Total distributable earnings (loss) | 117642219 |
| **Total - representing net assets applicable to outstanding capital stock** | **$183075243** |
| **Class A** |  |
| Net assets | $81289348 |
| Shares outstanding | 4877917 |
| Net asset value per share | $16.66 |
| Maximum sales charge  | 5.75% |
| Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $17.68 |
| **Institutional Class** |  |
| Net assets | $21446428 |
| Shares outstanding | 1237073 |
| Net asset value per share | $17.34 |
| **Institutional 3 Class** |  |
| Net assets | $80339467 |
| Shares outstanding | 4602087 |
| Net asset value per share | $17.46 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Statement of Operations

Six Months Ended February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Net investment income** |  |
| Income: |  |
| Dividends — unaffiliated issuers | $547762 |
| Dividends — affiliated issuers | 52150 |
| Total income | 599912 |
| Expenses: |  |
| Management services fees | 795519 |
| Distribution and/or service fees |  |
| Class A | 85297 |
| Transfer agent fees |  |
| Class A | 53828 |
| Institutional Class | 17018 |
| Institutional 3 Class | 1648 |
| Custodian fees | 1844 |
| Printing and postage fees | 13017 |
| Registration fees | 54088 |
| Accounting services fees | 17540 |
| Legal fees | 9881 |
| Reorganization fees | 234255 |
| Compensation of chief compliance officer | 33 |
| Compensation of board members | 6458 |
| Deferred compensation of board members | 3540 |
| Other | 7470 |
| Total expenses | 1301436 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (457925)<br>|
| Expense reduction | (220)<br>|
| Total net expenses | 843291 |
| **Net investment loss** | (243379)<br>|
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 23447280 |
| Investments — affiliated issuers | 226 |
| Net realized gain | 23447506 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | (21875878)<br>|
| Investments — affiliated issuers | 193 |
| Net change in unrealized appreciation (depreciation) | (21875685)<br>|
| Net realized and unrealized gain | 1571821 |
| **Net increase in net assets resulting from operations** | **$1328442** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Statement of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)**<br>| **Year Ended** <br>**August 31, 2025**<br>|
| **Operations** |  |  |
| Net investment income (loss) | $(243379)<br>| &nbsp;&nbsp; $110238 |
| Net realized gain | 23447506 | &nbsp;&nbsp; 72476299 |
| Net change in unrealized appreciation (depreciation) | (21875685)<br>| &nbsp;&nbsp; (27452836)<br>|
| Net increase in net assets resulting from operations | 1328442 | &nbsp;&nbsp; 45133701 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (26766623)<br>| &nbsp;&nbsp; (9634576)<br>|
| Institutional Class | (8150751)<br>| &nbsp;&nbsp; (5124251)<br>|
| Institutional 3 Class | (25195014)<br>| &nbsp;&nbsp; (19638426)<br>|
| Total distributions to shareholders | (60112388)<br>| &nbsp;&nbsp; (34397253)<br>|
| Increase (decrease) in net assets from capital stock activity | 26717878 | &nbsp;&nbsp; (77993427)<br>|
| Total decrease in net assets | (32066068)<br>| &nbsp;&nbsp; (67256979)<br>|
| Net assets at beginning of period | 215141311 | &nbsp;&nbsp; 282398290 |
| **Net assets at end of period** | **$183075243** | &nbsp;&nbsp; **$215141311** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Statement of Changes in Net Assets (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** | **Year Ended** | **Year Ended** |
|  | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **August 31, 2025**  | **August 31, 2025**  |
|  | **Shares** | **Dollars ($)** | **Shares** | **Dollars ($)** |
| **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** |
| Class A |  |  |  |  |
| Shares sold | 241486 | &nbsp;&nbsp;&nbsp;&nbsp; 5225228 | &nbsp;&nbsp;&nbsp;&nbsp; 630722 | &nbsp;&nbsp;&nbsp;&nbsp; 13398780 |
| Distributions reinvested | 1468863 | &nbsp;&nbsp;&nbsp;&nbsp; 26292654 | &nbsp;&nbsp;&nbsp;&nbsp; 430543 | &nbsp;&nbsp;&nbsp;&nbsp; 9446115 |
| Shares redeemed | (818150)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15394186)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (697068)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15098736)<br>|
| Net increase | 892199 | &nbsp;&nbsp;&nbsp;&nbsp; 16123696 | &nbsp;&nbsp;&nbsp;&nbsp; 364197 | &nbsp;&nbsp;&nbsp;&nbsp; 7746159 |
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 88347 | &nbsp;&nbsp;&nbsp;&nbsp; 1919758 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1678436)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (40486708)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1590089)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (38566950)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 195573 | &nbsp;&nbsp;&nbsp;&nbsp; 4458978 | &nbsp;&nbsp;&nbsp;&nbsp; 1955941 | &nbsp;&nbsp;&nbsp;&nbsp; 46615043 |
| Distributions reinvested | 396973 | &nbsp;&nbsp;&nbsp;&nbsp; 7387665 | &nbsp;&nbsp;&nbsp;&nbsp; 204440 | &nbsp;&nbsp;&nbsp;&nbsp; 4606028 |
| Shares redeemed | (707786)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (14625693)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1177429)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (26289355)<br>|
| Net increase (decrease) | (115240)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2779050)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 982952 | &nbsp;&nbsp;&nbsp;&nbsp; 24931716 |
| Institutional 3 Class |  |  |  |  |
| Shares sold | 85144 | &nbsp;&nbsp;&nbsp;&nbsp; 1791954 | &nbsp;&nbsp;&nbsp;&nbsp; 554151 | &nbsp;&nbsp;&nbsp;&nbsp; 12596804 |
| Distributions reinvested | 1344451 | &nbsp;&nbsp;&nbsp;&nbsp; 25195014 | &nbsp;&nbsp;&nbsp;&nbsp; 867805 | &nbsp;&nbsp;&nbsp;&nbsp; 19638426 |
| Shares redeemed | (682708)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (13613736)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4743180)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (104339582)<br>|
| Net increase (decrease) | 746887 | &nbsp;&nbsp;&nbsp;&nbsp; 13373232 | &nbsp;&nbsp;&nbsp;&nbsp; (3321224)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (72104352)<br>|
| **Total net increase (decrease)** | **1523846** | &nbsp;&nbsp;&nbsp;&nbsp; **26717878** | &nbsp;&nbsp;&nbsp;&nbsp; **(3564164)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(77993427)**<br>|

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Growth Fund \| 2026

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Columbia Integrated Large Cap Growth Fund \| 2026

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Financial Highlights

The following table is intended to help you understand the Fund's financial performance. Certain information reflects financial results for a single share of a class held for the periods shown. For periods ended 2022 and thereafter, per share net investment income (loss) amounts are calculated based on average shares outstanding during the period. Total return assumes reinvestment of all dividends and distributions, if any. Total return does not reflect payment of sales charges, if any. Total return and portfolio turnover are not annualized for periods of less than one year. The ratios of expenses and net investment income are annualized for periods of less than one year. The portfolio turnover rate is calculated without regard to purchase and sales transactions of short-term instruments and certain derivatives, if any. If such transactions were included, the Fund's portfolio turnover rate may be higher. A zero balance may reflect an amount rounding to less than $0.01 or 0.01%.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset value,** <br>**beginning of** <br>**period**<br>| **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net** <br>**realized** <br>**and** <br>**unrealized** <br>**gain (loss)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Distributions** <br>**from net** <br>**investment** <br>**income**<br>| **Distributions** <br>**from net** <br>**realized** <br>**gains**<br>| **Total** <br>**distributions to** <br>**shareholders**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | $22.98 | &nbsp;&nbsp; (0.06)<br>| 0.51 | 0.45 | &nbsp;&nbsp; — | &nbsp;&nbsp; (6.77)<br>| &nbsp;&nbsp; (6.77)<br>|
| Year Ended 8/31/2025 | $21.72 | &nbsp;&nbsp; (0.03)<br>| 4.09 | 4.06 | &nbsp;&nbsp; — | &nbsp;&nbsp; (2.80)<br>| &nbsp;&nbsp; (2.80)<br>|
| Year Ended 8/31/2024 | $16.48 | &nbsp;&nbsp; (0.03)<br>| 5.27 | 5.24 | &nbsp;&nbsp; (0.00)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.00)<br>|
| Year Ended 8/31/2023 | $18.13 | 0.02 | 2.69 | 2.71 | &nbsp;&nbsp; (0.03)<br>| &nbsp;&nbsp; (4.33)<br>| &nbsp;&nbsp; (4.36)<br>|
| Year Ended 8/31/2022 | $27.22 | 0.03 | &nbsp;&nbsp; (4.40)<br>| &nbsp;&nbsp; (4.37)<br>| &nbsp;&nbsp; (0.01)<br>| &nbsp;&nbsp; (4.71)<br>| &nbsp;&nbsp; (4.72)<br>|
| Year Ended 8/31/2021<sup>(g)</sup> <br>| $22.22 | &nbsp;&nbsp; (0.01)<br>| 6.77 | 6.76 | &nbsp;&nbsp; (0.04)<br>| &nbsp;&nbsp; (1.72)<br>| &nbsp;&nbsp; (1.76)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $23.64 | &nbsp;&nbsp; (0.02)<br>| 0.52 | 0.50 | &nbsp;&nbsp; — | &nbsp;&nbsp; (6.80)<br>| &nbsp;&nbsp; (6.80)<br>|
| Year Ended 8/31/2025 | $22.23 | 0.01 | 4.20 | 4.21 | &nbsp;&nbsp; (0.00)<br>| &nbsp;&nbsp; (2.80)<br>| &nbsp;&nbsp; (2.80)<br>|
| Year Ended 8/31/2024 | $16.86 | 0.01 | 5.39 | 5.40 | &nbsp;&nbsp; (0.03)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.03)<br>|
| Year Ended 8/31/2023 | $18.46 | 0.04 | 2.75 | 2.79 | &nbsp;&nbsp; (0.06)<br>| &nbsp;&nbsp; (4.33)<br>| &nbsp;&nbsp; (4.39)<br>|
| Year Ended 8/31/2022<sup>(h)</sup> <br>| $20.41 | 0.05 | &nbsp;&nbsp; (2.00)<br>| &nbsp;&nbsp; (1.95)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $23.75 | 0.01 | 0.51 | 0.52 | &nbsp;&nbsp; — | &nbsp;&nbsp; (6.81)<br>| &nbsp;&nbsp; (6.81)<br>|
| Year Ended 8/31/2025 | $22.33 | 0.04 | 4.20 | 4.24 | &nbsp;&nbsp; (0.02)<br>| &nbsp;&nbsp; (2.80)<br>| &nbsp;&nbsp; (2.82)<br>|
| Year Ended 8/31/2024 | $16.93 | 0.03 | 5.42 | 5.45 | &nbsp;&nbsp; (0.05)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.05)<br>|
| Year Ended 8/31/2023 | $18.52 | 0.06 | 2.76 | 2.82 | &nbsp;&nbsp; (0.08)<br>| &nbsp;&nbsp; (4.33)<br>| &nbsp;&nbsp; (4.41)<br>|
| Year Ended 8/31/2022 | $27.69 | 0.06 | &nbsp;&nbsp; (4.43)<br>| &nbsp;&nbsp; (4.37)<br>| &nbsp;&nbsp; (0.09)<br>| &nbsp;&nbsp; (4.71)<br>| &nbsp;&nbsp; (4.80)<br>|
| Year Ended 8/31/2021<sup>(g)</sup> <br>| $22.56 | 0.08 | 6.88 | 6.96 | &nbsp;&nbsp; (0.11)<br>| &nbsp;&nbsp; (1.72)<br>| &nbsp;&nbsp; (1.83)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Notes to Financial Highlights**  | **Notes to Financial Highlights**  |
| (a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
| (b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.  |
| (c) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by BMO Asset Management Corp, and certain of its affiliates, if applicable, for the account periods prior to the closing of the Reorganization, which occurred on January 21, 2022. |
| (d) | Ratios include reorganization fee expense. For the periods indicated below, if reorganization fee expense had been excluded, expenses would have been lower by: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Class A** | **Institutional Class** | **Institutional 3 Class** |
| 02/28/2026 | 0.19% | &nbsp;&nbsp; 0.09% | &nbsp;&nbsp; 0.04% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(e) The benefits derived from expense reductions had an impact of less than 0.01%.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Ratios include interfund lending expense which is less than 0.01%.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Net investment income (loss) per share calculated using the average shares method.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Institutional Class shares commenced operations on January 26, 2022. Per share data and total return reflect activity from that date.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Financial Highlights (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; **Net** <br>**asset** <br>**value,** <br>**end of** <br>**period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**return**<br>| &nbsp;&nbsp;&nbsp; **Total gross** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; **Total net** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp;&nbsp; **Net investment** <br>**income (loss)** <br>**ratio to** <br>**average** <br>**net assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**turnover**<br>| &nbsp;&nbsp;&nbsp; **Net** <br>**assets,** <br>**end of** <br>**period** <br>**(000's)**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $16.66 | &nbsp;&nbsp;&nbsp;&nbsp; (0.08%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.35% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.91% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.35%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23% | &nbsp;&nbsp;&nbsp;&nbsp; $81289 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $22.98 | &nbsp;&nbsp;&nbsp;&nbsp; 19.30% | &nbsp;&nbsp;&nbsp;&nbsp; 1.13% | &nbsp;&nbsp;&nbsp;&nbsp; 0.72% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.13%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $91606 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $21.72 | &nbsp;&nbsp;&nbsp;&nbsp; 31.82% | &nbsp;&nbsp;&nbsp;&nbsp; 1.13% | &nbsp;&nbsp;&nbsp;&nbsp; 0.71% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.14%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 45% | &nbsp;&nbsp;&nbsp;&nbsp; $78652 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $16.48 | &nbsp;&nbsp;&nbsp;&nbsp; 20.51% | &nbsp;&nbsp;&nbsp;&nbsp; 1.12% | &nbsp;&nbsp;&nbsp;&nbsp; 0.65% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $63805 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $18.13 | &nbsp;&nbsp;&nbsp;&nbsp; (19.28%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.95% <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70% <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.16% | &nbsp;&nbsp;&nbsp;&nbsp; 42% | &nbsp;&nbsp;&nbsp;&nbsp; $56024 |
|  Year Ended 8/31/2021 <br><sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $27.22 | &nbsp;&nbsp;&nbsp;&nbsp; 32.70% | &nbsp;&nbsp;&nbsp;&nbsp; 0.84% | &nbsp;&nbsp;&nbsp;&nbsp; 0.79% | &nbsp;&nbsp;&nbsp;&nbsp; (0.03%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 50% | &nbsp;&nbsp;&nbsp;&nbsp; $1587 |
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $17.34 | &nbsp;&nbsp;&nbsp;&nbsp; 0.14% | &nbsp;&nbsp;&nbsp;&nbsp; 1.06% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.63% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.08%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23% | &nbsp;&nbsp;&nbsp;&nbsp; $21446 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $23.64 | &nbsp;&nbsp;&nbsp;&nbsp; 19.56% | &nbsp;&nbsp;&nbsp;&nbsp; 0.95% | &nbsp;&nbsp;&nbsp;&nbsp; 0.54% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04% | &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $31968 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $22.23 | &nbsp;&nbsp;&nbsp;&nbsp; 32.08% | &nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp;&nbsp;&nbsp; 0.52% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.03% | &nbsp;&nbsp;&nbsp;&nbsp; 45% | &nbsp;&nbsp;&nbsp;&nbsp; $8212 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $16.86 | &nbsp;&nbsp;&nbsp;&nbsp; 20.62% | &nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 0.51% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.26% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $41369 |
|  Year Ended 8/31/2022 <br><sup>(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.46 | &nbsp;&nbsp;&nbsp;&nbsp; (9.55%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.96% | &nbsp;&nbsp;&nbsp;&nbsp; 0.51% | &nbsp;&nbsp;&nbsp;&nbsp; 0.42% | &nbsp;&nbsp;&nbsp;&nbsp; 42% | &nbsp;&nbsp;&nbsp;&nbsp; $85728 |
| **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** | **Institutional 3 Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $17.46 | &nbsp;&nbsp;&nbsp;&nbsp; 0.24% | &nbsp;&nbsp;&nbsp;&nbsp; 0.90% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.47% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10% | &nbsp;&nbsp;&nbsp;&nbsp; 23% | &nbsp;&nbsp;&nbsp;&nbsp; $80339 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $23.75 | &nbsp;&nbsp;&nbsp;&nbsp; 19.64% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; 0.43% | &nbsp;&nbsp;&nbsp;&nbsp; 0.17% | &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $91568 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $22.33 | &nbsp;&nbsp;&nbsp;&nbsp; 32.24% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.41% | &nbsp;&nbsp;&nbsp;&nbsp; 0.16% | &nbsp;&nbsp;&nbsp;&nbsp; 45% | &nbsp;&nbsp;&nbsp;&nbsp; $160223 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $16.93 | &nbsp;&nbsp;&nbsp;&nbsp; 20.78% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.40% | &nbsp;&nbsp;&nbsp;&nbsp; 0.37% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $115941 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $18.52 | &nbsp;&nbsp;&nbsp;&nbsp; (18.97%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.61% <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.40% <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.26% | &nbsp;&nbsp;&nbsp;&nbsp; 42% | &nbsp;&nbsp;&nbsp;&nbsp; $68507 |
|  Year Ended 8/31/2021 <br><sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $27.69 | &nbsp;&nbsp;&nbsp;&nbsp; 33.19% | &nbsp;&nbsp;&nbsp;&nbsp; 0.43% | &nbsp;&nbsp;&nbsp;&nbsp; 0.39% | &nbsp;&nbsp;&nbsp;&nbsp; 0.36% | &nbsp;&nbsp;&nbsp;&nbsp; 50% | &nbsp;&nbsp;&nbsp;&nbsp; $339707 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Integrated Large Cap Growth Fund (the Fund), a series of Columbia Funds Series Trust II (the Trust), is a diversified fund. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.

**Fund shares**

The Trust may issue an unlimited number of shares (without par value). The Fund offers each of the share classes listed in the Statement of Assets and Liabilities. Although all share classes generally have identical voting, dividend and liquidation rights, each share class votes separately when required by the Trust's organizational documents or by law. Each share class has its own expense and sales charge structure. Different share classes may have different minimum initial investment amounts and pay different net investment income distribution amounts to the extent the expenses of distributing such share classes vary. Distributions to shareholders in a liquidation will be proportional to the net asset value of each share class.

As described in the Fund's prospectus, Class A shares are offered to the general public for investment. Institutional Class and Institutional 3 Class shares are available for purchase through authorized investment professionals to omnibus retirement plans or to institutional investors and to certain other investors as also described in the Fund's prospectus.

Note 2. Summary of significant accounting policies

**Basis of preparation**

The Fund is an investment company that applies the accounting and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946, *Financial Services - Investment Companies* (ASC 946). The financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP), which requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements.

**Segment reporting**

The intent of FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures is to enable investors to better understand an entity's overall performance and to assess its potential future cash flows through improved segment disclosures. The chief operating decision maker (CODM) for the Fund is Columbia Management Investment Advisers, LLC through its Investment Oversight Committee and Global Executive Group, which are responsible for assessing performance and making decisions about resource allocation. The CODM has determined that the Fund has a single operating segment because the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the Fund's portfolio managers as a team. The financial information provided to and reviewed by the CODM is consistent with that presented within the Fund's financial statements.

**Security valuation**

Equity securities listed on an exchange are valued at the closing price or last trade price on their primary exchange at the close of business of the New York Stock Exchange. Securities with a closing price not readily available or not listed on any exchange are valued at the mean between the closing bid and ask prices. Listed preferred stocks convertible into common stocks are valued using an evaluated price from a pricing service.

Foreign equity securities are valued based on the closing price or last trade price on their primary exchange at the close of business of the New York Stock Exchange. If any foreign equity security closing prices are not readily available, the securities are valued at the mean of the latest quoted bid and ask prices on such exchanges or markets. Foreign currency

Columbia Integrated Large Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

exchange rates are determined at the scheduled closing time of the New York Stock Exchange. Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange; therefore, the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. In those situations, foreign securities will be fair valued pursuant to a policy approved by the Board of Trustees. Under the policy, the Fund may utilize a third-party pricing service to determine these fair values. The third-party pricing service takes into account multiple factors, including relevant general and sector indices, currency fluctuations, depositary receipts, and futures, as applicable, to determine a good faith estimate that reasonably reflects the current market conditions as of the close of the New York Stock Exchange. The fair value of a security is likely to be different from the quoted or published price, if available.

Investments in open-end investment companies (other than exchange-traded funds (ETFs)), are valued at the latest net asset value reported by those companies as of the valuation time.

Investments for which market quotations are not readily available, or that have quotations which management believes are not reflective of market value or reliable, are valued at fair value as determined in good faith under procedures approved by the Board of Trustees. If a security or class of securities (such as foreign securities) is valued at fair value, such value is likely to be different from the quoted or published price for the security, if available.

The determination of fair value often requires significant judgment. To determine fair value, management may use assumptions including but not limited to future cash flows and estimated risk premiums. Multiple inputs from various sources may be used to determine fair value.

GAAP requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category. This information is disclosed following the Fund's Portfolio of Investments.

**Security transactions**

Security transactions are accounted for on the trade date. Cost is determined and gains (losses) are based upon the specific identification method for both financial statement and federal income tax purposes.

**Income recognition**

Corporate actions and dividend income are generally recorded net of any non-reclaimable tax withholdings, on the ex-dividend date or upon receipt of an ex-dividend notification in the case of certain foreign securities.

The Fund may receive distributions from holdings in equity securities, business development companies (BDCs), exchange-traded funds (ETFs), limited partnerships (LPs), other regulated investment companies (RICs), and real estate investment trusts (REITs), which report information as to the tax character of their distributions annually. These distributions are allocated to dividend income, capital gain and return of capital based on actual information reported. Return of capital is recorded as a reduction of the cost basis of securities held. If the Fund no longer owns the applicable securities, return of capital is recorded as a realized gain. With respect to REITs, to the extent actual information has not yet been reported, estimates for return of capital are made by Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). The Investment Manager's estimates are subsequently adjusted when the actual character of the distributions is disclosed by the REITs, which could result in a proportionate change in return of capital to shareholders.

Awards from class action litigation are recorded as a reduction of cost basis if the Fund still owns the applicable securities on the payment date. If the Fund no longer owns the applicable securities on the payment date, the proceeds are recorded as realized gains.

**Expenses**

General expenses of the Trust are allocated to the Fund and other funds of the Trust based upon relative net assets or other expense allocation methodologies determined by the nature of the expense. Expenses directly attributable to the Fund are charged to the Fund. Expenses directly attributable to a specific class of shares are charged to that share class.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Determination of class net asset value**

All income, expenses (other than class-specific expenses, which are charged to that share class, as shown in the Statement of Operations) and realized and unrealized gains (losses) are allocated to each class of the Fund on a daily basis, based on the relative net assets of each class, for purposes of determining the net asset value of each class.

**Federal income tax status**

The Fund intends to qualify each year as a regulated investment company under Subchapter M of the Internal Revenue Code, as amended, and will distribute substantially all of its investment company taxable income and net capital gain, if any, for its tax year, and as such will not be subject to federal income taxes. In addition, the Fund intends to distribute in each calendar year substantially all of its ordinary income, capital gain net income and certain other amounts, if any, such that the Fund should not be subject to federal excise tax. Therefore, no federal income or excise tax provision is recorded.

**Distributions to shareholders**

Distributions from net investment income, if any, are declared and paid annually. Net realized capital gains, if any, are distributed at least annually. Income distributions and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

**Guarantees and indemnifications**

Under the Trust's organizational documents and, in some cases, by contract, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust or its funds. In addition, certain of the Fund's contracts with its service providers contain general indemnification clauses. The Fund's maximum exposure under these arrangements is unknown since the amount of any future claims that may be made against the Fund cannot be determined, and the Fund has no historical basis for predicting the likelihood of any such claims.

Note 3. Fees and other transactions with affiliates

**Management services fees**

The Fund has entered into a Management Agreement with Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). Under the Management Agreement, the Investment Manager provides the Fund with investment research and advice and is responsible for administrative and accounting services. The management services fee is an annual fee that is equal to a percentage of the Fund's daily net assets that declines from 0.75% to 0.55% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.75% of the Fund's average daily net assets.

**Compensation of Board members**

Members of the Board of Trustees who are not officers or employees of the Investment Manager or Ameriprise Financial are compensated for their services to the Fund as disclosed in the Statement of Operations. Under a Deferred Compensation Plan (the Deferred Plan), these members of the Board of Trustees may elect to defer payment of up to 100% of their compensation. Deferred amounts are treated as though equivalent dollar amounts had been invested in shares of certain funds managed by the Investment Manager. The Fund's liability for these amounts is adjusted for market value changes and remains in the Fund until distributed in accordance with the Deferred Plan. All amounts payable under the Deferred Plan constitute a general unsecured obligation of the Fund. The expense for the Deferred Plan, which includes Trustees' fees deferred during the current period as well as any gains or losses on the Trustees' deferred compensation balances as a result of market fluctuations, is included in "Deferred compensation of board members" in the Statement of Operations.

**Compensation of Chief Compliance Officer**

The Board of Trustees has appointed a Chief Compliance Officer for the Fund in accordance with federal securities regulations. As disclosed in the Statement of Operations, a portion of the Chief Compliance Officer's total compensation is allocated to the Fund, along with other allocations to affiliated registered investment companies managed by the Investment Manager and its affiliates, based on relative net assets.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Transfer agency fees**

Under a Transfer and Dividend Disbursing Agent Agreement, Columbia Management Investment Services Corp. (the Transfer Agent), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, is responsible for providing transfer agency services to the Fund. The Transfer Agent has contracted with SS&C GIDS, Inc. (SS&C GIDS) to serve as sub-transfer agent. The Transfer Agent pays the fees of SS&C GIDS for services as sub-transfer agent and SS&C GIDS is not entitled to reimbursement for such fees from the Fund (with the exception of out-of-pocket fees).

The Fund pays the Transfer Agent a monthly transfer agency fee based on the number or the average value of accounts, depending on the type of account. In addition, the Fund pays the Transfer Agent a fee for shareholder services based on the number of accounts or on a percentage of the average aggregate value of the Fund's shares maintained in omnibus accounts up to the lesser of the amount charged by the financial intermediary or a cap established by the Board of Trustees from time to time.

The Transfer Agent also receives compensation from the Fund for various shareholder services and reimbursements for certain out-of-pocket fees. Total transfer agency fees for Institutional 3 Class shares are subject to an annual limitation of not more than 0.02% of the average daily net assets attributable to Institutional 3 Class shares.

For the six months ended February 28, 2026, the Fund's annualized effective transfer agency fee rates as a percentage of average daily net assets of each class were as follows:

---

| | |
|:---|:---|
|  | **Effective rate (%)** |
| Class A | 0.12 |
| Institutional Class | 0.12 |
| Institutional 3 Class | 0.00 |

---

An annual minimum account balance fee of $20 may apply to certain accounts with a value below the applicable share class's initial minimum investment requirements to reduce the impact of small accounts on transfer agency fees. These minimum account balance fees are remitted to the Fund and recorded as part of expense reductions in the Statement of Operations. For the six months ended February 28, 2026, these minimum account balance fees reduced total expenses of the Fund by $220.

**Distribution and service fees**

The Fund has entered into an agreement with Columbia Management Investment Distributors, Inc. (the Distributor), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, for distribution and shareholder services. Under a Plan and Agreement of Distribution, the Fund pays a fee at the maximum annual rate of up to 0.25% of the Fund's average daily net assets attributable to Class A shares. The Fund pays the distribution and/or shareholder services fees for Class A up to the point where the Distributor's expenses are fully recovered.

**Sales charges** 

Sales charges, including front-end charges and contingent deferred sales charges (CDSCs), received by the Distributor for distributing Fund shares for the six months ended February 28, 2026, if any, are listed below:

---

| | | |
|:---|:---|:---|
|  | **Front End (%)** | **Amount ($)** |
| Class A | 5.75<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.50 - 1.00 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 13945 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions.

The Fund's other share classes are not subject to sales charges.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Expenses waived/reimbursed by the Investment Manager and its affiliates**

The Investment Manager and certain of its affiliates have contractually agreed to waive fees and/or reimburse expenses (excluding certain fees and expenses described below) for the period(s) disclosed below, unless sooner terminated at the sole discretion of the Board of Trustees, so that the Fund's net operating expenses, after giving effect to fees waived/expenses reimbursed and any balance credits and/or overdraft charges from the Fund's custodian, do not exceed the following annual rate(s) as a percentage of the classes' average daily net assets:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **January 1, 2026** <br>**through** <br>**December 31, 2026 (%)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Prior to** <br>**January 1, 2026 (%)**<br>|
| Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.79 |
| Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.54 |
| Institutional 3 Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.44 |

---

Under the agreement governing these fee waivers and/or expense reimbursement arrangements, the following fees and expenses are excluded from the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with investments in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Board of Trustees. This agreement may be modified or amended only with approval from the Investment Manager, certain of its affiliates and the Fund. Any fees waived and/or expenses reimbursed under the expense reimbursement arrangements described above are not recoverable by the Investment Manager or its affiliates in future periods.

Note 4. Federal tax information

The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP because of temporary or permanent book to tax differences.

At February 28, 2026, the approximate cost of all investments for federal income tax purposes and the aggregate gross approximate unrealized appreciation and depreciation based on that cost was:

---

| | | | |
|:---|:---|:---|:---|
| **Federal** <br>**tax cost ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(depreciation) ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net unrealized** <br>**appreciation ($)**<br>|
| 86365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101748000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4703000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97045000 |

---

Tax cost of investments and unrealized appreciation/(depreciation) may also include timing differences that do not constitute adjustments to tax basis.

Management of the Fund has concluded that there are no significant uncertain tax positions in the Fund that would require recognition in the financial statements. However, management's conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, new tax laws, regulations, and administrative interpretations (including relevant court decisions). Generally, the Fund's federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

Note 5. Portfolio information

The cost of purchases and proceeds from sales of securities, excluding short-term investments and derivatives, if any, aggregated to $48,973,187 and $79,997,648, respectively, for the six months ended February 28, 2026. The amount of purchase and sale activity impacts the portfolio turnover rate reported in the Financial Highlights.

Columbia Integrated Large Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Note 6. Affiliated money market fund

The Fund invests in Columbia Short-Term Cash Fund, an affiliated money market fund established for the exclusive use by the Fund and other affiliated funds (the Affiliated MMF). The income earned by the Fund from such investments is included as Dividends - affiliated issuers in the Statement of Operations. As an investing fund, the Fund indirectly bears its proportionate share of the expenses of the Affiliated MMF. The Affiliated MMF prices its shares with a floating net asset value. The Securities and Exchange Commission has adopted amendments to money market fund rules requiring institutional prime money market funds like the Affiliated MMF to be subject to a discretionary liquidity fee of up to 2% if the imposition of such a fee is determined to be in the best interest of the Affiliated MMF and to a mandatory liquidity fee if daily net redemptions exceed 5% of net assets.

Note 7. Interfund lending

Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Fund participates in a program (the Interfund Program) allowing each participating Columbia Fund (each, a Participating Fund) to lend money directly to and, except for closed-end funds and money market funds, borrow money directly from other Participating Funds for temporary purposes. The amounts eligible for borrowing and lending under the Interfund Program are subject to certain restrictions.

Interfund loans are subject to the risk that the borrowing fund could be unable to repay the loan when due, and a delay in repayment to the lending fund could result in lost opportunities and/or additional lending costs. The exemptive order is subject to conditions intended to mitigate conflicts of interest arising from the Investment Manager's relationship with each Participating Fund.

The Fund did not borrow or lend money under the Interfund Program during the six months ended February 28, 2026.

Note 8. Line of credit

The Fund has access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. whereby the Fund may borrow for the temporary funding of shareholder redemptions or for other temporary or emergency purposes. Pursuant to an October 23, 2025 amendment and restatement, the credit facility, which is an agreement between the Fund and certain other funds managed by the Investment Manager or an affiliated investment manager, severally and not jointly, permits aggregate borrowings up to $750 million. Interest is currently charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case. Each borrowing under the credit facility matures no later than 60 days after the date of borrowing. The Fund also pays a commitment fee equal to its pro rata share of the unused amount of the credit facility at a rate of 0.15% per annum. The commitment fee is included in other expenses in the Statement of Operations. This agreement expires annually in October unless extended or renewed. Prior to the October 23, 2025 amendment and restatement, the Fund had access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. which permitted collective borrowings up to $900 million. Interest was charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case.

The Fund had no borrowings during the six months ended February 28, 2026.

Note 9. Risks and uncertainties

An investment in the Fund involves risks, including market risk and concentration risk, among others. The value of the Fund's holdings and the Fund's net asset value may go down. These declines may be due to factors affecting a particular issuer, or the result of, among other things, political, regulatory, market, economic or social developments affecting the relevant market(s) more generally.

Global economies and financial markets are increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances,

Columbia Integrated Large Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

such risks might affect companies worldwide. As a result, local, regional or global events such as terrorism, war, other conflicts, natural disasters, disease/virus outbreaks and epidemics or other public health issues, recessions, depressions or other events – or the potential for such events – could have a significant negative impact on global economic and market conditions.

To the extent that the Fund concentrates its investment in particular issuers, countries, geographic regions, industries or sectors, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of issuers, countries, geographic regions, industries, sectors or investments.

Additional risk factors of the Fund are described more fully in the Fund's Prospectus and Statement of Additional Information.

**Shareholder concentration risk** 

At February 28, 2026, one unaffiliated shareholder of record owned 37.1% of the outstanding shares of the Fund in one or more accounts. The Fund has no knowledge about whether any portion of those shares was owned beneficially. Fund shares sold to or redeemed by concentrated accounts may have a significant effect on the operations of the Fund. In the case of a large redemption, the Fund may be forced to sell investments at inopportune times, including its liquid positions, which may result in Fund losses and the Fund holding a higher percentage of less liquid positions. Large redemptions could result in decreased economies of scale and increased operating expenses for non-redeeming Fund shareholders.

Note 10. Subsequent events

Management has evaluated the events and transactions that have occurred through the date the financial statements were issued. Other than as noted below, there were no items requiring adjustment of the financial statements or additional disclosure.

At a meeting held on September 5, 2025, the Board of Trustees of Columbia Funds Series Trust II approved an Agreement and Plan of Reorganization pursuant to which the Fund transferred all of its assets and liabilities to Columbia Large Cap Growth ETF (the Acquiring Fund) in exchange for shares of the Acquiring Fund (the Reorganization). The Reorganization did not require shareholder approval and closed on March 16, 2026. Under the Agreement, the expenses of the Reorganization are borne by the Fund, to the extent that such expenses do not exceed the anticipated reduction in expenses that shareholders of the Fund will realize in the first year following the Reorganization. Any amounts in excess of this limit will be borne by Columbia Threadneedle. The Fund's estimated reorganization expenses were $234,255 and these expenses were borne in full by the Fund.

Note 11. Information regarding pending and settled legal proceedings

Ameriprise Financial and certain of its affiliates are involved, in the normal course of business, in legal proceedings that include regulatory inquiries, arbitration and litigation (including class actions) concerning matters arising in connection with the conduct of their activities as part of a diversified financial services firm. Ameriprise Financial believes that the Fund is not currently the subject of, and that neither Ameriprise Financial nor any of its affiliates are the subject of, any pending legal, arbitration or regulatory proceedings that are likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund. Ameriprise Financial is required to make quarterly (10-Q), annual (10-K) and, as necessary, 8-K filings with the Securities and Exchange Commission (SEC) on legal and regulatory matters that relate to Ameriprise Financial and its affiliates. Copies of these filings may be obtained by accessing the SEC website at www.sec.gov.

There can be no assurance that these matters, or the adverse publicity associated with them, will not result in increased Fund redemptions, reduced sale of Fund shares or other adverse consequences to the Fund. Further, although we believe proceedings are not likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund, these proceedings are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss that may result from such matters. An adverse outcome in one or more of these proceedings could result in adverse

Columbia Integrated Large Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

judgments, settlements, fines, penalties or other relief, and may lead to further claims, examinations, adverse publicity or reputational damage, each of which could have a material adverse effect on the consolidated financial condition or results of operations or financial condition of Ameriprise Financial or one or more of its affiliates that provide services to the Fund.

Columbia Integrated Large Cap Growth Fund \| 2026

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**Columbia Integrated Large Cap Growth Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g24083img604bef3c2.jpg)

**Please read and consider the investment objectives, risks, charges and expenses for any fund carefully before investing. For a prospectus and summary prospectus, which contains this and other important information about the Fund, go to** 

columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.

Columbia Threadneedle Investments<sup>®</sup> (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.© 2026 Columbia Management Investment Advisers, LLC.

columbiathreadneedleus.com/investor/

SAR316_08_T01_(04/26)

------

![](g24083img106c07051.jpg)

Columbia Integrated Large Cap Value Fund

**Semi-Annual Financial Statements and Additional Information**

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_4b09f683-aba9-4446-b958-99d9cdf7779e_POI-CommonContent-Date-863_1) | 3 |
| [Statement of Assets and Liabilities](#xx_4b09f683-aba9-4446-b958-99d9cdf7779e_FS-CommonContent-Date-863_1) | 7 |
| [Statement of Operations](#xx_4b09f683-aba9-4446-b958-99d9cdf7779e_FS-CommonContent-Date-863_2) | 8 |
| [Statement of Changes in Net Assets](#xx_4b09f683-aba9-4446-b958-99d9cdf7779e_FS-CommonContent-Date-863_3) | 9 |
| [Financial Highlights](#xx_4b09f683-aba9-4446-b958-99d9cdf7779e_FIHI-CommonContent-Date-863_2) | 12 |
| [Notes to Financial Statements](#xx_4b09f683-aba9-4446-b958-99d9cdf7779e_NTF-CommonContent-Date-863_1) | 14 |

---

Columbia Integrated Large Cap Value Fund \| 2026

------

Portfolio of Investments

February 28, 2026 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Common Stocks 98.3%** | **Common Stocks 98.3%** | **Common Stocks 98.3%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 7.3%** | **Communication Services 7.3%** | **Communication Services 7.3%** |
| **Diversified Telecommunication Services 2.1%** | **Diversified Telecommunication Services 2.1%** | **Diversified Telecommunication Services 2.1%** |
| Comcast Corp., Class A | &nbsp;&nbsp; 30389 | &nbsp;&nbsp; 940844 |
| **Interactive Media & Services 3.6%** | **Interactive Media & Services 3.6%** | **Interactive Media & Services 3.6%** |
| Alphabet, Inc., Class A | &nbsp;&nbsp; 1777 | &nbsp;&nbsp; 553998 |
| Alphabet, Inc., Class C | &nbsp;&nbsp; 3436 | &nbsp;&nbsp; 1070073 |
| Total |  | &nbsp;&nbsp; 1624071 |
| **Wireless Telecommunication Services 1.6%** | **Wireless Telecommunication Services 1.6%** | **Wireless Telecommunication Services 1.6%** |
| T-Mobile US, Inc. | &nbsp;&nbsp; 3427 | &nbsp;&nbsp; 743967 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **3308882** |
| **Consumer Discretionary 6.3%** | **Consumer Discretionary 6.3%** | **Consumer Discretionary 6.3%** |
| **Broadline Retail 2.4%** | **Broadline Retail 2.4%** | **Broadline Retail 2.4%** |
| Amazon.com, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5159 | &nbsp;&nbsp; 1083390 |
| **Hotels, Restaurants & Leisure 1.7%** | **Hotels, Restaurants & Leisure 1.7%** | **Hotels, Restaurants & Leisure 1.7%** |
| Expedia Group, Inc. | &nbsp;&nbsp; 2927 | &nbsp;&nbsp; 631325 |
| Las Vegas Sands Corp. | &nbsp;&nbsp; 1853 | &nbsp;&nbsp; 105102 |
| Total |  | &nbsp;&nbsp; 736427 |
| **Specialty Retail 2.2%** | **Specialty Retail 2.2%** | **Specialty Retail 2.2%** |
| TJX Companies, Inc. (The) | &nbsp;&nbsp; 792 | &nbsp;&nbsp; 128035 |
| Ulta Beauty, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1275 | &nbsp;&nbsp; 873107 |
| Total |  | &nbsp;&nbsp; 1001142 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **2820959** |
| **Consumer Staples 5.5%** | **Consumer Staples 5.5%** | **Consumer Staples 5.5%** |
| **Consumer Staples Distribution & Retail 5.3%** | **Consumer Staples Distribution & Retail 5.3%** | **Consumer Staples Distribution & Retail 5.3%** |
| Sysco Corp. | &nbsp;&nbsp; 8712 | &nbsp;&nbsp; 794186 |
| Walmart, Inc. | &nbsp;&nbsp; 12225 | &nbsp;&nbsp; 1564188 |
| Total |  | &nbsp;&nbsp; 2358374 |
| **Tobacco 0.2%** | **Tobacco 0.2%** | **Tobacco 0.2%** |
| Philip Morris International, Inc. | &nbsp;&nbsp; 560 | &nbsp;&nbsp; 104625 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **2462999** |
| **Energy 9.5%** | **Energy 9.5%** | **Energy 9.5%** |
| **Energy Equipment & Services 3.0%** | **Energy Equipment & Services 3.0%** | **Energy Equipment & Services 3.0%** |
| NOV, Inc. | &nbsp;&nbsp; 11230 | &nbsp;&nbsp; 227520 |
| TechnipFMC PLC | &nbsp;&nbsp; 16619 | &nbsp;&nbsp; 1102006 |
| Total |  | &nbsp;&nbsp; 1329526 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Oil, Gas & Consumable Fuels 6.5%** | **Oil, Gas & Consumable Fuels 6.5%** | **Oil, Gas & Consumable Fuels 6.5%** |
| Chevron Corp. | &nbsp;&nbsp; 1441 | &nbsp;&nbsp; 269121 |
| Devon Energy Corp. | &nbsp;&nbsp; 10129 | &nbsp;&nbsp; 440915 |
| EOG Resources, Inc. | &nbsp;&nbsp; 5810 | &nbsp;&nbsp; 720905 |
| Exxon Mobil Corp. | &nbsp;&nbsp; 9875 | &nbsp;&nbsp; 1505938 |
| Total |  | &nbsp;&nbsp; 2936879 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **4266405** |
| **Financials 22.5%** | **Financials 22.5%** | **Financials 22.5%** |
| **Banks 6.7%** | **Banks 6.7%** | **Banks 6.7%** |
| Citigroup, Inc. | &nbsp;&nbsp; 9042 | &nbsp;&nbsp; 996338 |
| U.S. Bancorp | &nbsp;&nbsp; 16307 | &nbsp;&nbsp; 891341 |
| Wells Fargo & Co. | &nbsp;&nbsp; 9414 | &nbsp;&nbsp; 766770 |
| Western Alliance Bancorp | &nbsp;&nbsp; 4749 | &nbsp;&nbsp; 381440 |
| Total |  | &nbsp;&nbsp; 3035889 |
| **Capital Markets 5.9%** | **Capital Markets 5.9%** | **Capital Markets 5.9%** |
| Charles Schwab Corp. (The) | &nbsp;&nbsp; 1049 | &nbsp;&nbsp; 99865 |
| Northern Trust Corp. | &nbsp;&nbsp; 3892 | &nbsp;&nbsp; 556906 |
| Raymond James Financial, Inc. | &nbsp;&nbsp; 4301 | &nbsp;&nbsp; 658397 |
| SEI Investments Co. | &nbsp;&nbsp; 2763 | &nbsp;&nbsp; 224687 |
| State Street Corp. | &nbsp;&nbsp; 6913 | &nbsp;&nbsp; 889150 |
| XP, Inc., Class A | &nbsp;&nbsp; 11110 | &nbsp;&nbsp; 239199 |
| Total |  | &nbsp;&nbsp; 2668204 |
| **Consumer Finance 1.8%** | **Consumer Finance 1.8%** | **Consumer Finance 1.8%** |
| American Express Co. | &nbsp;&nbsp; 2624 | &nbsp;&nbsp; 810554 |
| **Financial Services 1.5%** | **Financial Services 1.5%** | **Financial Services 1.5%** |
| Berkshire Hathaway, Inc., Class B<sup>(a)</sup> <br>| &nbsp;&nbsp; 630 | &nbsp;&nbsp; 318118 |
| PayPal Holdings, Inc. | &nbsp;&nbsp; 7324 | &nbsp;&nbsp; 338442 |
| Total |  | &nbsp;&nbsp; 656560 |
| **Insurance 6.6%** | **Insurance 6.6%** | **Insurance 6.6%** |
| Arch Capital Group Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 8053 | &nbsp;&nbsp; 806508 |
| Chubb Ltd. | &nbsp;&nbsp; 2842 | &nbsp;&nbsp; 968724 |
| Globe Life, Inc. | &nbsp;&nbsp; 2586 | &nbsp;&nbsp; 375642 |
| RenaissanceRe Holdings Ltd. | &nbsp;&nbsp; 2726 | &nbsp;&nbsp; 824506 |
| Total |  | &nbsp;&nbsp; 2975380 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **10146587** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Value Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Health Care 15.6%** | **Health Care 15.6%** | **Health Care 15.6%** |
| **Biotechnology 3.9%** | **Biotechnology 3.9%** | **Biotechnology 3.9%** |
| BioMarin Pharmaceutical, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10533 | &nbsp;&nbsp; 650202 |
| Neurocrine Biosciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1533 | &nbsp;&nbsp; 202739 |
| Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp; 317 | &nbsp;&nbsp; 247790 |
| Vertex Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1343 | &nbsp;&nbsp; 667243 |
| Total |  | &nbsp;&nbsp; 1767974 |
| **Health Care Equipment & Supplies 1.4%** | **Health Care Equipment & Supplies 1.4%** | **Health Care Equipment & Supplies 1.4%** |
| Medtronic PLC | &nbsp;&nbsp; 6371 | &nbsp;&nbsp; 622192 |
| **Health Care Providers & Services 5.2%** | **Health Care Providers & Services 5.2%** | **Health Care Providers & Services 5.2%** |
| Cardinal Health, Inc. | &nbsp;&nbsp; 4075 | &nbsp;&nbsp; 934112 |
| Cigna Group (The) | &nbsp;&nbsp; 2028 | &nbsp;&nbsp; 587755 |
| CVS Health Corp. | &nbsp;&nbsp; 4560 | &nbsp;&nbsp; 364344 |
| Elevance Health, Inc. | &nbsp;&nbsp; 1473 | &nbsp;&nbsp; 471360 |
| Total |  | &nbsp;&nbsp; 2357571 |
| **Pharmaceuticals 5.1%** | **Pharmaceuticals 5.1%** | **Pharmaceuticals 5.1%** |
| Jazz Pharmaceuticals PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 4720 | &nbsp;&nbsp; 896894 |
| Merck & Co., Inc. | &nbsp;&nbsp; 11245 | &nbsp;&nbsp; 1392356 |
| Total |  | &nbsp;&nbsp; 2289250 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **7036987** |
| **Industrials 9.9%** | **Industrials 9.9%** | **Industrials 9.9%** |
| **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** |
| L3Harris Technologies, Inc. | &nbsp;&nbsp; 353 | &nbsp;&nbsp; 128682 |
| **Commercial Services & Supplies 0.5%** | **Commercial Services & Supplies 0.5%** | **Commercial Services & Supplies 0.5%** |
| Rollins, Inc. | &nbsp;&nbsp; 3717 | &nbsp;&nbsp; 226328 |
| **Construction & Engineering 1.9%** | **Construction & Engineering 1.9%** | **Construction & Engineering 1.9%** |
| EMCOR Group, Inc. | &nbsp;&nbsp; 1163 | &nbsp;&nbsp; 842733 |
| **Ground Transportation 0.7%** | **Ground Transportation 0.7%** | **Ground Transportation 0.7%** |
| Lyft, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 11758 | &nbsp;&nbsp; 162731 |
| Uber Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2293 | &nbsp;&nbsp; 172938 |
| Total |  | &nbsp;&nbsp; 335669 |
| **Machinery 2.2%** | **Machinery 2.2%** | **Machinery 2.2%** |
| Cummins, Inc. | &nbsp;&nbsp; 1693 | &nbsp;&nbsp; 988492 |
| **Passenger Airlines 1.2%** | **Passenger Airlines 1.2%** | **Passenger Airlines 1.2%** |
| United Airlines Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5119 | &nbsp;&nbsp; 544150 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Professional Services 1.9%** | **Professional Services 1.9%** | **Professional Services 1.9%** |
| Genpact Ltd. | &nbsp;&nbsp; 16415 | &nbsp;&nbsp; 652004 |
| Leidos Holdings, Inc. | &nbsp;&nbsp; 1313 | &nbsp;&nbsp; 229906 |
| Total |  | &nbsp;&nbsp; 881910 |
| **Trading Companies & Distributors 1.2%** | **Trading Companies & Distributors 1.2%** | **Trading Companies & Distributors 1.2%** |
| W.W. Grainger, Inc. | &nbsp;&nbsp; 467 | &nbsp;&nbsp; 534589 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **4482553** |
| **Information Technology 8.1%** | **Information Technology 8.1%** | **Information Technology 8.1%** |
| **Communications Equipment 2.7%** | **Communications Equipment 2.7%** | **Communications Equipment 2.7%** |
| Cisco Systems, Inc. | &nbsp;&nbsp; 10642 | &nbsp;&nbsp; 845613 |
| F5, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 826 | &nbsp;&nbsp; 224143 |
| Motorola Solutions, Inc. | &nbsp;&nbsp; 295 | &nbsp;&nbsp; 142267 |
| Total |  | &nbsp;&nbsp; 1212023 |
| **Semiconductors & Semiconductor Equipment 2.3%** | **Semiconductors & Semiconductor Equipment 2.3%** | **Semiconductors & Semiconductor Equipment 2.3%** |
| Advanced Micro Devices, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1604 | &nbsp;&nbsp; 321137 |
| Micron Technology, Inc. | &nbsp;&nbsp; 830 | &nbsp;&nbsp; 342267 |
| NXP Semiconductors NV | &nbsp;&nbsp; 1001 | &nbsp;&nbsp; 227237 |
| QUALCOMM, Inc. | &nbsp;&nbsp; 993 | &nbsp;&nbsp; 141363 |
| Total |  | &nbsp;&nbsp; 1032004 |
| **Software 3.1%** | **Software 3.1%** | **Software 3.1%** |
| Adobe, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2596 | &nbsp;&nbsp; 681217 |
| Salesforce, Inc. | &nbsp;&nbsp; 3837 | &nbsp;&nbsp; 747409 |
| Total |  | &nbsp;&nbsp; 1428626 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **3672653** |
| **Materials 4.2%** | **Materials 4.2%** | **Materials 4.2%** |
| **Construction Materials 1.7%** | **Construction Materials 1.7%** | **Construction Materials 1.7%** |
| CRH PLC | &nbsp;&nbsp; 6177 | &nbsp;&nbsp; 741116 |
| **Metals & Mining 2.5%** | **Metals & Mining 2.5%** | **Metals & Mining 2.5%** |
| Newmont Corp. | &nbsp;&nbsp; 8725 | &nbsp;&nbsp; 1134250 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **1875366** |
| **Real Estate 4.2%** | **Real Estate 4.2%** | **Real Estate 4.2%** |
| **Hotel & Resort REITs 1.8%** | **Hotel & Resort REITs 1.8%** | **Hotel & Resort REITs 1.8%** |
| Host Hotels & Resorts, Inc. | &nbsp;&nbsp; 41309 | &nbsp;&nbsp; 809243 |
| **Retail REITs 1.3%** | **Retail REITs 1.3%** | **Retail REITs 1.3%** |
| Brixmor Property Group, Inc. | &nbsp;&nbsp; 19095 | &nbsp;&nbsp; 578006 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Value Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Specialized REITs 1.1%** | **Specialized REITs 1.1%** | **Specialized REITs 1.1%** |
| EPR Properties | &nbsp;&nbsp; 8219 | &nbsp;&nbsp; 488291 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **1875540** |
| **Utilities 5.2%** | **Utilities 5.2%** | **Utilities 5.2%** |
| **Electric Utilities 5.2%** | **Electric Utilities 5.2%** | **Electric Utilities 5.2%** |
| Edison International | &nbsp;&nbsp; 8634 | &nbsp;&nbsp; 645305 |
| Eversource Energy | &nbsp;&nbsp; 11342 | &nbsp;&nbsp; 864374 |
| NRG Energy, Inc. | &nbsp;&nbsp; 4612 | &nbsp;&nbsp; 825364 |
| Total |  | &nbsp;&nbsp; 2335043 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **2335043** |
| Total Common Stocks <br>(Cost $30,535,145) | Total Common Stocks <br>(Cost $30,535,145) | &nbsp;&nbsp; **44283974** |

---

---

| | | |
|:---|:---|:---|
| **Money Market Funds 1.7%** | **Money Market Funds 1.7%** | **Money Market Funds 1.7%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 756386 | &nbsp;&nbsp; 756235 |
| Total Money Market Funds <br>(Cost $756,159) | Total Money Market Funds <br>(Cost $756,159) | &nbsp;&nbsp; **756235** |
| **Total Investments in Securities** <br>**(Cost: $31,291,304)** | **Total Investments in Securities** <br>**(Cost: $31,291,304)** | &nbsp;&nbsp; **45040209** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(10580)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **45029629** |

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing investment.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The rate shown is the seven-day current annualized yield at February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% |
|  | 665831 | &nbsp;&nbsp; 7920505 | &nbsp;&nbsp; (7830174)<br>| &nbsp;&nbsp; 73 | &nbsp;&nbsp; 756235 | &nbsp;&nbsp; (16)<br>| &nbsp;&nbsp; 9633 | &nbsp;&nbsp; 756386 |

---

**Fair value measurements** 

The Fund categorizes its fair value measurements according to a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund's assumptions about the information market participants would use in pricing an investment. An investment's level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset's or liability's fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

■

Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

■

Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

■

Level 3 — Valuations based on significant unobservable inputs (including the Fund's own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Investment Manager, along with any other relevant factors in the calculation of an investment's fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Value Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

Investments falling into the Level 3 category, if any, are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Investment Manager. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.

The Fund's Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily available using valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the Investment Manager's organization, including operations and accounting, trading and investments, compliance, risk management and legal.

The Committee meets at least monthly to review and approve valuation matters, which may include a description of specific valuation determinations, data regarding pricing information received from approved pricing vendors and brokers and the results of Board-approved valuation policies and procedures (the Policies). The Policies address, among other things, instances when market quotations are or are not readily available, including recommendations of third party pricing vendors and a determination of appropriate pricing methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. Representatives of Columbia Management Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.

The following table is a summary of the inputs used to value the Fund's investments at February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| Communication Services | 3308882 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3308882 |
| Consumer Discretionary | 2820959 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2820959 |
| Consumer Staples | 2462999 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2462999 |
| Energy | 4266405 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4266405 |
| Financials | 10146587 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10146587 |
| Health Care | 7036987 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7036987 |
| Industrials | 4482553 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4482553 |
| Information Technology | 3672653 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3672653 |
| Materials | 1875366 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1875366 |
| Real Estate | 1875540 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1875540 |
| Utilities | 2335043 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2335043 |
| Total Common Stocks | 44283974 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 44283974 |
| Money Market Funds | 756235 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 756235 |
| Total Investments in Securities | 45040209 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 45040209 |

---

See the Portfolio of Investments for all investment classifications not indicated in the table.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Value Fund \| 2026

------

Statement of Assets and Liabilities

February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Assets** |  |
| Investments in securities, at value |  |
| Unaffiliated issuers (cost $30,535,145) | $44283974 |
| Affiliated issuers (cost $756,159) | 756235 |
| Receivable for: |  |
| Capital shares sold | 11984 |
| Dividends | 32444 |
| Expense reimbursement due from Investment Manager | 1376 |
| Prepaid expenses | 237 |
| Other assets | 997 |
| Total assets | 45087247 |
| **Liabilities** |  |
| Due to custodian | 3452 |
| Payable for: |  |
| Capital shares redeemed | 364 |
| Management services fees | 928 |
| Distribution and/or service fees | 160 |
| Transfer agent fees | 4613 |
| Compensation of chief compliance officer | 7 |
| Accounting services fees | 17540 |
| Legal fees | 3873 |
| Compensation of board members | 866 |
| Other expenses | 4638 |
| Deferred compensation of board members | 21177 |
| Total liabilities | 57618 |
| **Net assets applicable to outstanding capital stock** | **$45029629** |
| **Represented by** |  |
| Paid in capital | 27411850 |
| Total distributable earnings (loss) | 17617779 |
| **Total - representing net assets applicable to outstanding capital stock** | **$45029629** |
| **Class A** |  |
| Net assets | $24250881 |
| Shares outstanding | 2993878 |
| Net asset value per share | $8.10 |
| Maximum sales charge  | 5.75% |
| Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $8.59 |
| **Institutional Class** |  |
| Net assets | $20778748 |
| Shares outstanding | 2517925 |
| Net asset value per share | $8.25 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Value Fund \| 2026

------

Statement of Operations

Six Months Ended February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Net investment income** |  |
| Income: |  |
| Dividends — unaffiliated issuers | $368657 |
| Dividends — affiliated issuers | 9633 |
| Foreign taxes withheld | (366)<br>|
| Total income | 377924 |
| Expenses: |  |
| Management services fees | 178292 |
| Distribution and/or service fees |  |
| Class A | 29557 |
| Transfer agent fees |  |
| Class A | 20325 |
| Institutional Class | 18910 |
| Custodian fees | 2104 |
| Printing and postage fees | 10734 |
| Registration fees | 36127 |
| Accounting services fees | 17540 |
| Legal fees | 8602 |
| Reorganization fees | 176101 |
| Compensation of chief compliance officer | 7 |
| Compensation of board members | 5602 |
| Deferred compensation of board members | 3349 |
| Other | 5506 |
| Total expenses | 512756 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (245854)<br>|
| Expense reduction | (240)<br>|
| Total net expenses | 266662 |
| **Net investment income** | 111262 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 5165299 |
| Investments — affiliated issuers | (16)<br>|
| Net realized gain | 5165283 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 463842 |
| Investments — affiliated issuers | 73 |
| Net change in unrealized appreciation (depreciation) | 463915 |
| Net realized and unrealized gain | 5629198 |
| **Net increase in net assets resulting from operations** | **$5740460** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Value Fund \| 2026

------

Statement of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)**<br>| **Year Ended** <br>**August 31, 2025**<br>|
| **Operations** |  |  |
| Net investment income | $111262 | &nbsp;&nbsp; $987763 |
| Net realized gain | 5165283 | &nbsp;&nbsp; 39264891 |
| Net change in unrealized appreciation (depreciation) | 463915 | &nbsp;&nbsp; (32697638)<br>|
| Net increase in net assets resulting from operations | 5740460 | &nbsp;&nbsp; 7555016 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (8868421)<br>| &nbsp;&nbsp; (9972078)<br>|
| Advisor Class |  | &nbsp;&nbsp; (398838)<br>|
| Institutional Class | (7909637)<br>| &nbsp;&nbsp; (18290191)<br>|
| Total distributions to shareholders | (16778058)<br>| &nbsp;&nbsp; (28661107)<br>|
| Increase (decrease) in net assets from capital stock activity | 5625105 | &nbsp;&nbsp; (84974679)<br>|
| Total decrease in net assets | (5412493)<br>| &nbsp;&nbsp; (106080770)<br>|
| Net assets at beginning of period | 50442122 | &nbsp;&nbsp; 156522892 |
| **Net assets at end of period** | **$45029629** | &nbsp;&nbsp; **$50442122** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Value Fund \| 2026

------

Statement of Changes in Net Assets (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** | **Year Ended** | **Year Ended** |
|  | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **August 31, 2025**  | **August 31, 2025**  |
|  | **Shares** | **Dollars ($)** | **Shares** | **Dollars ($)** |
| **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** |
| Class A |  |  |  |  |
| Shares sold | 146133 | &nbsp;&nbsp;&nbsp;&nbsp; 1652247 | &nbsp;&nbsp;&nbsp;&nbsp; 163796 | &nbsp;&nbsp;&nbsp;&nbsp; 2063943 |
| Distributions reinvested | 1143797 | &nbsp;&nbsp;&nbsp;&nbsp; 8770898 | &nbsp;&nbsp;&nbsp;&nbsp; 943750 | &nbsp;&nbsp;&nbsp;&nbsp; 9902571 |
| Shares redeemed | (640142)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5602770)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (697238)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7570796)<br>|
| Net increase | 649788 | &nbsp;&nbsp;&nbsp;&nbsp; 4820375 | &nbsp;&nbsp;&nbsp;&nbsp; 410308 | &nbsp;&nbsp;&nbsp;&nbsp; 4395718 |
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 82873 | &nbsp;&nbsp;&nbsp;&nbsp; 1204857 |
| Distributions reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16970 | &nbsp;&nbsp;&nbsp;&nbsp; 245385 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8604116)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (130991160)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8504273)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (129540918)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 65305 | &nbsp;&nbsp;&nbsp;&nbsp; 630870 | &nbsp;&nbsp;&nbsp;&nbsp; 3862731 | &nbsp;&nbsp;&nbsp;&nbsp; 60104701 |
| Distributions reinvested | 861516 | &nbsp;&nbsp;&nbsp;&nbsp; 6732302 | &nbsp;&nbsp;&nbsp;&nbsp; 1463815 | &nbsp;&nbsp;&nbsp;&nbsp; 15495218 |
| Shares redeemed | (710298)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6558442)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3254041)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (35429398)<br>|
| Net increase | 216523 | &nbsp;&nbsp;&nbsp;&nbsp; 804730 | &nbsp;&nbsp;&nbsp;&nbsp; 2072505 | &nbsp;&nbsp;&nbsp;&nbsp; 40170521 |
| **Total net increase (decrease)** | **866311** | &nbsp;&nbsp;&nbsp;&nbsp; **5625105** | &nbsp;&nbsp;&nbsp;&nbsp; **(6021460)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(84974679)**<br>|

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Value Fund \| 2026

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[THIS PAGE INTENTIONALLY LEFT BLANK]

Columbia Integrated Large Cap Value Fund \| 2026

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Financial Highlights

The following table is intended to help you understand the Fund's financial performance. Certain information reflects financial results for a single share of a class held for the periods shown. For periods ended 2022 and thereafter, per share net investment income (loss) amounts are calculated based on average shares outstanding during the period. Total return assumes reinvestment of all dividends and distributions, if any. Total return does not reflect payment of sales charges, if any. Total return and portfolio turnover are not annualized for periods of less than one year. The ratios of expenses and net investment income are annualized for periods of less than one year. The portfolio turnover rate is calculated without regard to purchase and sales transactions of short-term instruments and certain derivatives, if any. If such transactions were included, the Fund's portfolio turnover rate may be higher. A zero balance may reflect an amount rounding to less than $0.01 or 0.01%.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset value,** <br>**beginning of** <br>**period**<br>| **Net** <br>**investment** <br>**income**<br>| **Net** <br>**realized** <br>**and** <br>**unrealized** <br>**gain (loss)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Distributions** <br>**from net** <br>**investment** <br>**income**<br>| **Distributions** <br>**from net** <br>**realized** <br>**gains**<br>| **Total** <br>**distributions to** <br>**shareholders**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | $10.80 | 0.01 | 1.14 | 1.15 | &nbsp;&nbsp; (0.03)<br>| &nbsp;&nbsp; (3.82)<br>| &nbsp;&nbsp; (3.85)<br>|
| Year Ended 8/31/2025 | $14.66 | 0.13 | 1.18 | 1.31 | &nbsp;&nbsp; (0.15)<br>| &nbsp;&nbsp; (5.02)<br>| &nbsp;&nbsp; (5.17)<br>|
| Year Ended 8/31/2024 | $13.81 | 0.16 | 2.24 | 2.40 | &nbsp;&nbsp; (0.16)<br>| &nbsp;&nbsp; (1.39)<br>| &nbsp;&nbsp; (1.55)<br>|
| Year Ended 8/31/2023 | $14.57 | 0.14 | 1.04 | 1.18 | &nbsp;&nbsp; (0.17)<br>| &nbsp;&nbsp; (1.77)<br>| &nbsp;&nbsp; (1.94)<br>|
| Year Ended 8/31/2022<sup>(f)</sup> <br>| $19.06 | 0.18 | &nbsp;&nbsp; (1.27)<br>| &nbsp;&nbsp; (1.09)<br>| &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (3.22)<br>| &nbsp;&nbsp; (3.40)<br>|
| Year Ended 8/31/2021<sup>(h)</sup> <br>| $13.52 | 0.18 | 5.53 | 5.71 | &nbsp;&nbsp; (0.17)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.17)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $10.92 | 0.03 | 1.16 | 1.19 | &nbsp;&nbsp; (0.04)<br>| &nbsp;&nbsp; (3.82)<br>| &nbsp;&nbsp; (3.86)<br>|
| Year Ended 8/31/2025 | $14.77 | 0.14 | 1.21 | 1.35 | &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (5.02)<br>| &nbsp;&nbsp; (5.20)<br>|
| Year Ended 8/31/2024 | $13.91 | 0.19 | 2.26 | 2.45 | &nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp; (1.39)<br>| &nbsp;&nbsp; (1.59)<br>|
| Year Ended 8/31/2023 | $14.66 | 0.18 | 1.05 | 1.23 | &nbsp;&nbsp; (0.21)<br>| &nbsp;&nbsp; (1.77)<br>| &nbsp;&nbsp; (1.98)<br>|
| Year Ended 8/31/2022<sup>(i)</sup> <br>| $15.59 | 0.13 | &nbsp;&nbsp; (0.97)<br>| &nbsp;&nbsp; (0.84)<br>| &nbsp;&nbsp; (0.09)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.09)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Notes to Financial Highlights**  | **Notes to Financial Highlights**  |
| (a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
| (b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.  |
| (c) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by BMO Asset Management Corp, and certain of its affiliates, if applicable, for the account periods prior to the closing of the Reorganization, which occurred on January 21, 2022. |
| (d) | Ratios include reorganization fee expense. For the periods indicated below, if reorganization fee expense had been excluded, expenses would have been lower by: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Class A** | **Institutional Class** |
| 02/28/2026 | 0.39% | &nbsp;&nbsp; 0.35% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(e) The benefits derived from expense reductions had an impact of less than 0.01%.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Redemption fees consisted of per share amounts less than $0.01.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Ratios include interfund lending expense which is less than 0.01%.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Net investment income (loss) per share calculated using the average shares method.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Institutional Class shares commenced operations on January 26, 2022. Per share data and total return reflect activity from that date.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Value Fund \| 2026

------

Financial Highlights (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; **Net** <br>**asset** <br>**value,** <br>**end of** <br>**period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**return**<br>| &nbsp;&nbsp;&nbsp; **Total gross** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; **Total net** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp;&nbsp; **Net investment** <br>**income** <br>**ratio to** <br>**average** <br>**net assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**turnover**<br>| &nbsp;&nbsp;&nbsp; **Net** <br>**assets,** <br>**end of** <br>**period** <br>**(000's)**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $8.10 | &nbsp;&nbsp;&nbsp;&nbsp; 12.77% | &nbsp;&nbsp;&nbsp;&nbsp; 1.92% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.89% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70% | &nbsp;&nbsp;&nbsp;&nbsp; 24% | &nbsp;&nbsp;&nbsp;&nbsp; $24251 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $10.80 | &nbsp;&nbsp;&nbsp;&nbsp; 10.28% | &nbsp;&nbsp;&nbsp;&nbsp; 1.35% | &nbsp;&nbsp;&nbsp;&nbsp; 0.77% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.19% | &nbsp;&nbsp;&nbsp;&nbsp; 47% | &nbsp;&nbsp;&nbsp;&nbsp; $25310 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $14.66 | &nbsp;&nbsp;&nbsp;&nbsp; 19.17% | &nbsp;&nbsp;&nbsp;&nbsp; 1.27% | &nbsp;&nbsp;&nbsp;&nbsp; 0.79% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp;&nbsp; 38% | &nbsp;&nbsp;&nbsp;&nbsp; $28343 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $13.81 | &nbsp;&nbsp;&nbsp;&nbsp; 8.83% | &nbsp;&nbsp;&nbsp;&nbsp; 1.25% | &nbsp;&nbsp;&nbsp;&nbsp; 0.79% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.04% | &nbsp;&nbsp;&nbsp;&nbsp; 39% | &nbsp;&nbsp;&nbsp;&nbsp; $31104 |
|  Year Ended 8/31/2022 <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $14.57 | &nbsp;&nbsp;&nbsp;&nbsp; (6.97%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.17% <br><sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.79% <br><sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp;&nbsp;&nbsp; 51% | &nbsp;&nbsp;&nbsp;&nbsp; $35789 |
|  Year Ended 8/31/2021 <br><sup>(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $19.06 | &nbsp;&nbsp;&nbsp;&nbsp; 42.53% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.79% | &nbsp;&nbsp;&nbsp;&nbsp; 1.17% | &nbsp;&nbsp;&nbsp;&nbsp; 60% | &nbsp;&nbsp;&nbsp;&nbsp; $18563 |
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $8.25 | &nbsp;&nbsp;&nbsp;&nbsp; 12.97% | &nbsp;&nbsp;&nbsp;&nbsp; 1.64% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.61% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99% | &nbsp;&nbsp;&nbsp;&nbsp; 24% | &nbsp;&nbsp;&nbsp;&nbsp; $20779 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $10.92 | &nbsp;&nbsp;&nbsp;&nbsp; 10.54% | &nbsp;&nbsp;&nbsp;&nbsp; 1.13% | &nbsp;&nbsp;&nbsp;&nbsp; 0.55% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.33% | &nbsp;&nbsp;&nbsp;&nbsp; 47% | &nbsp;&nbsp;&nbsp;&nbsp; $25132 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $14.77 | &nbsp;&nbsp;&nbsp;&nbsp; 19.40% | &nbsp;&nbsp;&nbsp;&nbsp; 1.01% | &nbsp;&nbsp;&nbsp;&nbsp; 0.54% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.38% | &nbsp;&nbsp;&nbsp;&nbsp; 38% | &nbsp;&nbsp;&nbsp;&nbsp; $3381 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $13.91 | &nbsp;&nbsp;&nbsp;&nbsp; 9.12% | &nbsp;&nbsp;&nbsp;&nbsp; 1.00% | &nbsp;&nbsp;&nbsp;&nbsp; 0.54% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.31% | &nbsp;&nbsp;&nbsp;&nbsp; 39% | &nbsp;&nbsp;&nbsp;&nbsp; $37904 |
|  Year Ended 8/31/2022 <br><sup>(i)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $14.66 | &nbsp;&nbsp;&nbsp;&nbsp; (5.36%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.97% <br><sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.53% <br><sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.44% | &nbsp;&nbsp;&nbsp;&nbsp; 51% | &nbsp;&nbsp;&nbsp;&nbsp; $145571 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Large Cap Value Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Integrated Large Cap Value Fund (the Fund), a series of Columbia Funds Series Trust II (the Trust), is a diversified fund. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.

**Fund shares**

The Trust may issue an unlimited number of shares (without par value). The Fund offers each of the share classes listed in the Statement of Assets and Liabilities. Although all share classes generally have identical voting, dividend and liquidation rights, each share class votes separately when required by the Trust's organizational documents or by law. Each share class has its own expense and sales charge structure. Different share classes may have different minimum initial investment amounts and pay different net investment income distribution amounts to the extent the expenses of distributing such share classes vary. Distributions to shareholders in a liquidation will be proportional to the net asset value of each share class.

As described in the Fund's prospectus, Class A shares are offered to the general public for investment. Institutional Class shares are available for purchase through authorized investment professionals to omnibus retirement plans or to institutional investors and to certain other investors as also described in the Fund's prospectus.

Note 2. Summary of significant accounting policies

**Basis of preparation**

The Fund is an investment company that applies the accounting and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946, *Financial Services - Investment Companies* (ASC 946). The financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP), which requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements.

**Segment reporting**

The intent of FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures is to enable investors to better understand an entity's overall performance and to assess its potential future cash flows through improved segment disclosures. The chief operating decision maker (CODM) for the Fund is Columbia Management Investment Advisers, LLC through its Investment Oversight Committee and Global Executive Group, which are responsible for assessing performance and making decisions about resource allocation. The CODM has determined that the Fund has a single operating segment because the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the Fund's portfolio managers as a team. The financial information provided to and reviewed by the CODM is consistent with that presented within the Fund's financial statements.

**Security valuation**

Equity securities listed on an exchange are valued at the closing price or last trade price on their primary exchange at the close of business of the New York Stock Exchange. Securities with a closing price not readily available or not listed on any exchange are valued at the mean between the closing bid and ask prices. Listed preferred stocks convertible into common stocks are valued using an evaluated price from a pricing service.

Foreign equity securities are valued based on the closing price or last trade price on their primary exchange at the close of business of the New York Stock Exchange. If any foreign equity security closing prices are not readily available, the securities are valued at the mean of the latest quoted bid and ask prices on such exchanges or markets. Foreign currency

Columbia Integrated Large Cap Value Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

exchange rates are determined at the scheduled closing time of the New York Stock Exchange. Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange; therefore, the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. In those situations, foreign securities will be fair valued pursuant to a policy approved by the Board of Trustees. Under the policy, the Fund may utilize a third-party pricing service to determine these fair values. The third-party pricing service takes into account multiple factors, including relevant general and sector indices, currency fluctuations, depositary receipts, and futures, as applicable, to determine a good faith estimate that reasonably reflects the current market conditions as of the close of the New York Stock Exchange. The fair value of a security is likely to be different from the quoted or published price, if available.

Investments in open-end investment companies (other than exchange-traded funds (ETFs)), are valued at the latest net asset value reported by those companies as of the valuation time.

Investments for which market quotations are not readily available, or that have quotations which management believes are not reflective of market value or reliable, are valued at fair value as determined in good faith under procedures approved by the Board of Trustees. If a security or class of securities (such as foreign securities) is valued at fair value, such value is likely to be different from the quoted or published price for the security, if available.

The determination of fair value often requires significant judgment. To determine fair value, management may use assumptions including but not limited to future cash flows and estimated risk premiums. Multiple inputs from various sources may be used to determine fair value.

GAAP requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category. This information is disclosed following the Fund's Portfolio of Investments.

**Security transactions**

Security transactions are accounted for on the trade date. Cost is determined and gains (losses) are based upon the specific identification method for both financial statement and federal income tax purposes.

**Income recognition**

Corporate actions and dividend income are generally recorded net of any non-reclaimable tax withholdings, on the ex-dividend date or upon receipt of an ex-dividend notification in the case of certain foreign securities.

The Fund may receive distributions from holdings in equity securities, business development companies (BDCs), exchange-traded funds (ETFs), limited partnerships (LPs), other regulated investment companies (RICs), and real estate investment trusts (REITs), which report information as to the tax character of their distributions annually. These distributions are allocated to dividend income, capital gain and return of capital based on actual information reported. Return of capital is recorded as a reduction of the cost basis of securities held. If the Fund no longer owns the applicable securities, return of capital is recorded as a realized gain. With respect to REITs, to the extent actual information has not yet been reported, estimates for return of capital are made by Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). The Investment Manager's estimates are subsequently adjusted when the actual character of the distributions is disclosed by the REITs, which could result in a proportionate change in return of capital to shareholders.

Awards from class action litigation are recorded as a reduction of cost basis if the Fund still owns the applicable securities on the payment date. If the Fund no longer owns the applicable securities on the payment date, the proceeds are recorded as realized gains.

**Expenses**

General expenses of the Trust are allocated to the Fund and other funds of the Trust based upon relative net assets or other expense allocation methodologies determined by the nature of the expense. Expenses directly attributable to the Fund are charged to the Fund. Expenses directly attributable to a specific class of shares are charged to that share class.

Columbia Integrated Large Cap Value Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Determination of class net asset value**

All income, expenses (other than class-specific expenses, which are charged to that share class, as shown in the Statement of Operations) and realized and unrealized gains (losses) are allocated to each class of the Fund on a daily basis, based on the relative net assets of each class, for purposes of determining the net asset value of each class.

**Federal income tax status**

The Fund intends to qualify each year as a regulated investment company under Subchapter M of the Internal Revenue Code, as amended, and will distribute substantially all of its investment company taxable income and net capital gain, if any, for its tax year, and as such will not be subject to federal income taxes. In addition, the Fund intends to distribute in each calendar year substantially all of its ordinary income, capital gain net income and certain other amounts, if any, such that the Fund should not be subject to federal excise tax. Therefore, no federal income or excise tax provision is recorded.

**Foreign taxes**

The Fund may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. The Fund will accrue such taxes and recoveries, as applicable, based upon its current interpretation of tax rules and regulations that exist in the markets in which it invests.

Realized gains in certain countries may be subject to foreign taxes at the Fund level, based on statutory rates. The Fund accrues for such foreign taxes on realized and unrealized gains at the appropriate rate for each jurisdiction, as applicable. The amount, if any, is disclosed as a liability in the Statement of Assets and Liabilities.

**Distributions to shareholders**

Distributions from net investment income, if any, are declared and paid each calendar quarter. Net realized capital gains, if any, are distributed at least annually. Income distributions and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

**Guarantees and indemnifications**

Under the Trust's organizational documents and, in some cases, by contract, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust or its funds. In addition, certain of the Fund's contracts with its service providers contain general indemnification clauses. The Fund's maximum exposure under these arrangements is unknown since the amount of any future claims that may be made against the Fund cannot be determined, and the Fund has no historical basis for predicting the likelihood of any such claims.

Note 3. Fees and other transactions with affiliates

**Management services fees**

The Fund has entered into a Management Agreement with Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). Under the Management Agreement, the Investment Manager provides the Fund with investment research and advice and is responsible for administrative and accounting services. The management services fee is an annual fee that is equal to a percentage of the Fund's daily net assets that declines from 0.75% to 0.55% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.75% of the Fund's average daily net assets.

**Compensation of Board members**

Members of the Board of Trustees who are not officers or employees of the Investment Manager or Ameriprise Financial are compensated for their services to the Fund as disclosed in the Statement of Operations. Under a Deferred Compensation Plan (the Deferred Plan), these members of the Board of Trustees may elect to defer payment of up to 100% of their compensation. Deferred amounts are treated as though equivalent dollar amounts had been invested in shares of certain funds managed by the Investment Manager. The Fund's liability for these amounts is adjusted for market value changes and remains in the Fund until distributed in accordance with the Deferred Plan. All amounts payable under the Deferred Plan

Columbia Integrated Large Cap Value Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

constitute a general unsecured obligation of the Fund. The expense for the Deferred Plan, which includes Trustees' fees deferred during the current period as well as any gains or losses on the Trustees' deferred compensation balances as a result of market fluctuations, is included in "Deferred compensation of board members" in the Statement of Operations.

**Compensation of Chief Compliance Officer**

The Board of Trustees has appointed a Chief Compliance Officer for the Fund in accordance with federal securities regulations. As disclosed in the Statement of Operations, a portion of the Chief Compliance Officer's total compensation is allocated to the Fund, along with other allocations to affiliated registered investment companies managed by the Investment Manager and its affiliates, based on relative net assets.

**Transfer agency fees**

Under a Transfer and Dividend Disbursing Agent Agreement, Columbia Management Investment Services Corp. (the Transfer Agent), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, is responsible for providing transfer agency services to the Fund. The Transfer Agent has contracted with SS&C GIDS, Inc. (SS&C GIDS) to serve as sub-transfer agent. The Transfer Agent pays the fees of SS&C GIDS for services as sub-transfer agent and SS&C GIDS is not entitled to reimbursement for such fees from the Fund (with the exception of out-of-pocket fees).

The Fund pays the Transfer Agent a monthly transfer agency fee based on the number or the average value of accounts, depending on the type of account. In addition, the Fund pays the Transfer Agent a fee for shareholder services based on the number of accounts or on a percentage of the average aggregate value of the Fund's shares maintained in omnibus accounts up to the lesser of the amount charged by the financial intermediary or a cap established by the Board of Trustees from time to time.

The Transfer Agent also receives compensation from the Fund for various shareholder services and reimbursements for certain out-of-pocket fees.

For the six months ended February 28, 2026, the Fund's annualized effective transfer agency fee rates as a percentage of average daily net assets of each class were as follows:

---

| | |
|:---|:---|
|  | **Effective rate (%)** |
| Class A | 0.17 |
| Institutional Class | 0.17 |

---

An annual minimum account balance fee of $20 may apply to certain accounts with a value below the applicable share class's initial minimum investment requirements to reduce the impact of small accounts on transfer agency fees. These minimum account balance fees are remitted to the Fund and recorded as part of expense reductions in the Statement of Operations. For the six months ended February 28, 2026, these minimum account balance fees reduced total expenses of the Fund by $240.

**Distribution and service fees**

The Fund has entered into an agreement with Columbia Management Investment Distributors, Inc. (the Distributor), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, for distribution and shareholder services. Under a Plan and Agreement of Distribution, the Fund pays a fee at the maximum annual rate of up to 0.25% of the Fund's average daily net assets attributable to Class A shares. The Fund pays the distribution and/or shareholder services fees for Class A up to the point where the Distributor's expenses are fully recovered.

**Sales charges** 

Sales charges, including front-end charges and contingent deferred sales charges (CDSCs), received by the Distributor for distributing Fund shares for the six months ended February 28, 2026, if any, are listed below:

---

| | | |
|:---|:---|:---|
|  | **Front End (%)** | **Amount ($)** |
| Class A | 5.75<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.50 - 1.00 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 200 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Columbia Integrated Large Cap Value Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions.

The Fund's other share classes are not subject to sales charges.

**Expenses waived/reimbursed by the Investment Manager and its affiliates**

The Investment Manager and certain of its affiliates have contractually agreed to waive fees and/or reimburse expenses (excluding certain fees and expenses described below) for the period(s) disclosed below, unless sooner terminated at the sole discretion of the Board of Trustees, so that the Fund's net operating expenses, after giving effect to fees waived/expenses reimbursed and any balance credits and/or overdraft charges from the Fund's custodian, do not exceed the following annual rate(s) as a percentage of the classes' average daily net assets:

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Contractual** <br>**expense cap** <br>**through** <br>**December 31, 2026 (%)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Voluntary** <br>**expense cap** <br>**effective** <br>**October 1, 2025 (%)**<br>|
| Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.44 |
| Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19 |

---

Under the agreement governing these fee waivers and/or expense reimbursement arrangements, the following fees and expenses are excluded from the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with investments in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Board of Trustees. This agreement may be modified or amended only with approval from the Investment Manager, certain of its affiliates and the Fund. Any fees waived and/or expenses reimbursed under the expense reimbursement arrangements described above are not recoverable by the Investment Manager or its affiliates in future periods.

Note 4. Federal tax information

The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP because of temporary or permanent book to tax differences.

At February 28, 2026, the approximate cost of all investments for federal income tax purposes and the aggregate gross approximate unrealized appreciation and depreciation based on that cost was:

---

| | | | |
|:---|:---|:---|:---|
| **Federal** <br>**tax cost ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(depreciation) ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net unrealized** <br>**appreciation ($)**<br>|
| 31291000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (701000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13749000 |

---

Tax cost of investments and unrealized appreciation/(depreciation) may also include timing differences that do not constitute adjustments to tax basis.

Management of the Fund has concluded that there are no significant uncertain tax positions in the Fund that would require recognition in the financial statements. However, management's conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, new tax laws, regulations, and administrative interpretations (including relevant court decisions). Generally, the Fund's federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

Columbia Integrated Large Cap Value Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Note 5. Portfolio information

The cost of purchases and proceeds from sales of securities, excluding short-term investments and derivatives, if any, aggregated to $11,240,946 and $22,351,818, respectively, for the six months ended February 28, 2026. The amount of purchase and sale activity impacts the portfolio turnover rate reported in the Financial Highlights.

Note 6. Affiliated money market fund

The Fund invests in Columbia Short-Term Cash Fund, an affiliated money market fund established for the exclusive use by the Fund and other affiliated funds (the Affiliated MMF). The income earned by the Fund from such investments is included as Dividends - affiliated issuers in the Statement of Operations. As an investing fund, the Fund indirectly bears its proportionate share of the expenses of the Affiliated MMF. The Affiliated MMF prices its shares with a floating net asset value. The Securities and Exchange Commission has adopted amendments to money market fund rules requiring institutional prime money market funds like the Affiliated MMF to be subject to a discretionary liquidity fee of up to 2% if the imposition of such a fee is determined to be in the best interest of the Affiliated MMF and to a mandatory liquidity fee if daily net redemptions exceed 5% of net assets.

Note 7. Interfund lending

Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Fund participates in a program (the Interfund Program) allowing each participating Columbia Fund (each, a Participating Fund) to lend money directly to and, except for closed-end funds and money market funds, borrow money directly from other Participating Funds for temporary purposes. The amounts eligible for borrowing and lending under the Interfund Program are subject to certain restrictions.

Interfund loans are subject to the risk that the borrowing fund could be unable to repay the loan when due, and a delay in repayment to the lending fund could result in lost opportunities and/or additional lending costs. The exemptive order is subject to conditions intended to mitigate conflicts of interest arising from the Investment Manager's relationship with each Participating Fund.

The Fund did not borrow or lend money under the Interfund Program during the six months ended February 28, 2026.

Note 8. Line of credit

The Fund has access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. whereby the Fund may borrow for the temporary funding of shareholder redemptions or for other temporary or emergency purposes. Pursuant to an October 23, 2025 amendment and restatement, the credit facility, which is an agreement between the Fund and certain other funds managed by the Investment Manager or an affiliated investment manager, severally and not jointly, permits aggregate borrowings up to $750 million. Interest is currently charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case. Each borrowing under the credit facility matures no later than 60 days after the date of borrowing. The Fund also pays a commitment fee equal to its pro rata share of the unused amount of the credit facility at a rate of 0.15% per annum. The commitment fee is included in other expenses in the Statement of Operations. This agreement expires annually in October unless extended or renewed. Prior to the October 23, 2025 amendment and restatement, the Fund had access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. which permitted collective borrowings up to $900 million. Interest was charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case.

The Fund had no borrowings during the six months ended February 28, 2026.

Columbia Integrated Large Cap Value Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Note 9. Risks and uncertainties

An investment in the Fund involves risks, including market risk and concentration risk, among others. The value of the Fund's holdings and the Fund's net asset value may go down. These declines may be due to factors affecting a particular issuer, or the result of, among other things, political, regulatory, market, economic or social developments affecting the relevant market(s) more generally.

Global economies and financial markets are increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such risks might affect companies worldwide. As a result, local, regional or global events such as terrorism, war, other conflicts, natural disasters, disease/virus outbreaks and epidemics or other public health issues, recessions, depressions or other events – or the potential for such events – could have a significant negative impact on global economic and market conditions.

To the extent that the Fund concentrates its investment in particular issuers, countries, geographic regions, industries or sectors, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of issuers, countries, geographic regions, industries, sectors or investments.

Additional risk factors of the Fund are described more fully in the Fund's Prospectus and Statement of Additional Information.

**Shareholder concentration risk** 

At February 28, 2026, one unaffiliated shareholder of record owned 24.1% of the outstanding shares of the Fund in one or more accounts. The Fund has no knowledge about whether any portion of those shares was owned beneficially. Fund shares sold to or redeemed by concentrated accounts may have a significant effect on the operations of the Fund. In the case of a large redemption, the Fund may be forced to sell investments at inopportune times, including its liquid positions, which may result in Fund losses and the Fund holding a higher percentage of less liquid positions. Large redemptions could result in decreased economies of scale and increased operating expenses for non-redeeming Fund shareholders.

Note 10. Subsequent events

Management has evaluated the events and transactions that have occurred through the date the financial statements were issued. Other than as noted below, there were no items requiring adjustment of the financial statements or additional disclosure.

At a meeting held on September 5, 2025, the Board of Trustees of Columbia Funds Series Trust II approved an Agreement and Plan of Reorganization pursuant to which the Fund transferred all of its assets and liabilities to Columbia Research Enhanced Value ETF (the Acquiring Fund) in exchange for shares of the Acquiring Fund (the Reorganization). The Reorganization did not require shareholder approval and closed on March 16, 2026. Under the Agreement, the expenses of the Reorganization are borne by the Fund, to the extent that such expenses do not exceed the anticipated reduction in expenses that shareholders of the Fund will realize in the first year following the Reorganization. Any amounts in excess of this limit will be borne by Columbia Threadneedle. The Fund's estimated reorganization expenses were $176,101 and these expenses were borne in full by the Fund.

Note 11. Information regarding pending and settled legal proceedings

Ameriprise Financial and certain of its affiliates are involved, in the normal course of business, in legal proceedings that include regulatory inquiries, arbitration and litigation (including class actions) concerning matters arising in connection with the conduct of their activities as part of a diversified financial services firm. Ameriprise Financial believes that the Fund is not currently the subject of, and that neither Ameriprise Financial nor any of its affiliates are the subject of, any pending legal, arbitration or regulatory proceedings that are likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund. Ameriprise Financial is required to make

Columbia Integrated Large Cap Value Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

quarterly (10-Q), annual (10-K) and, as necessary, 8-K filings with the Securities and Exchange Commission (SEC) on legal and regulatory matters that relate to Ameriprise Financial and its affiliates. Copies of these filings may be obtained by accessing the SEC website at www.sec.gov.

There can be no assurance that these matters, or the adverse publicity associated with them, will not result in increased Fund redemptions, reduced sale of Fund shares or other adverse consequences to the Fund. Further, although we believe proceedings are not likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund, these proceedings are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss that may result from such matters. An adverse outcome in one or more of these proceedings could result in adverse judgments, settlements, fines, penalties or other relief, and may lead to further claims, examinations, adverse publicity or reputational damage, each of which could have a material adverse effect on the consolidated financial condition or results of operations or financial condition of Ameriprise Financial or one or more of its affiliates that provide services to the Fund.

Columbia Integrated Large Cap Value Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

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[THIS PAGE INTENTIONALLY LEFT BLANK]

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**Columbia Integrated Large Cap Value Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g24083img143e89222.jpg)

**Please read and consider the investment objectives, risks, charges and expenses for any fund carefully before investing. For a prospectus and summary prospectus, which contains this and other important information about the Fund, go to** 

columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.

Columbia Threadneedle Investments<sup>®</sup> (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.© 2026 Columbia Management Investment Advisers, LLC.

columbiathreadneedleus.com/investor/

SAR317_08_T01_(04/26)

------

![](g24083img7ed5a7cd1.jpg)

Columbia Integrated Small Cap Growth Fund

**Semi-Annual Financial Statements and Additional Information**

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_5b897ddb-2499-44d4-9554-f8edd36954c0_POI-CommonContent-Date-865_1) | 3 |
| [Statement of Assets and Liabilities](#xx_5b897ddb-2499-44d4-9554-f8edd36954c0_FS-CommonContent-Date-865_1) | 8 |
| [Statement of Operations](#xx_5b897ddb-2499-44d4-9554-f8edd36954c0_FS-CommonContent-Date-865_2) | 9 |
| [Statement of Changes in Net Assets](#xx_5b897ddb-2499-44d4-9554-f8edd36954c0_FS-CommonContent-Date-865_3) | 10 |
| [Financial Highlights](#xx_5b897ddb-2499-44d4-9554-f8edd36954c0_FIHI-CommonContent-Date-865_1) | 12 |
| [Notes to Financial Statements](#xx_5b897ddb-2499-44d4-9554-f8edd36954c0_NTF-CommonContent-Date-865_1) | 14 |

---

Columbia Integrated Small Cap Growth Fund \| 2026

------

Portfolio of Investments

February 28, 2026 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Common Stocks 98.3%** | **Common Stocks 98.3%** | **Common Stocks 98.3%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 3.9%** | **Communication Services 3.9%** | **Communication Services 3.9%** |
| **Diversified Telecommunication Services 1.5%** | **Diversified Telecommunication Services 1.5%** | **Diversified Telecommunication Services 1.5%** |
| Bandwidth, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 27676 | &nbsp;&nbsp; 410158 |
| **Interactive Media & Services 1.5%** | **Interactive Media & Services 1.5%** | **Interactive Media & Services 1.5%** |
| EverQuote, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 14201 | &nbsp;&nbsp; 224376 |
| Yelp, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9525 | &nbsp;&nbsp; 212312 |
| Total |  | &nbsp;&nbsp; 436688 |
| **Media 0.9%** | **Media 0.9%** | **Media 0.9%** |
| DoubleVerify Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15050 | &nbsp;&nbsp; 158627 |
| Gambling.com Group Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 20511 | &nbsp;&nbsp; 89428 |
| Total |  | &nbsp;&nbsp; 248055 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **1094901** |
| **Consumer Discretionary 10.6%** | **Consumer Discretionary 10.6%** | **Consumer Discretionary 10.6%** |
| **Automobile Components 1.6%** | **Automobile Components 1.6%** | **Automobile Components 1.6%** |
| Dorman Products, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 954 | &nbsp;&nbsp; 112438 |
| Motorcar Parts of America, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4052 | &nbsp;&nbsp; 41898 |
| XPEL, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7067 | &nbsp;&nbsp; 301196 |
| Total |  | &nbsp;&nbsp; 455532 |
| **Diversified Consumer Services 3.0%** | **Diversified Consumer Services 3.0%** | **Diversified Consumer Services 3.0%** |
| American Public Education, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3878 | &nbsp;&nbsp; 177690 |
| Coursera, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19094 | &nbsp;&nbsp; 122392 |
| frontdoor, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2924 | &nbsp;&nbsp; 200499 |
| Udemy, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 27582 | &nbsp;&nbsp; 138737 |
| Universal Technical Institute, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6039 | &nbsp;&nbsp; 218612 |
| Total |  | &nbsp;&nbsp; 857930 |
| **Hotels, Restaurants & Leisure 2.8%** | **Hotels, Restaurants & Leisure 2.8%** | **Hotels, Restaurants & Leisure 2.8%** |
| Life Time Group Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14915 | &nbsp;&nbsp; 402705 |
| Rush Street Interactive, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19313 | &nbsp;&nbsp; 381432 |
| Total |  | &nbsp;&nbsp; 784137 |
| **Household Durables 0.4%** | **Household Durables 0.4%** | **Household Durables 0.4%** |
| Sonos, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6827 | &nbsp;&nbsp; 105136 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Specialty Retail 2.8%** | **Specialty Retail 2.8%** | **Specialty Retail 2.8%** |
| Abercrombie & Fitch Co., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 2833 | &nbsp;&nbsp; 277067 |
| Urban Outfitters, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4585 | &nbsp;&nbsp; 303527 |
| Warby Parker, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 8851 | &nbsp;&nbsp; 221364 |
| Total |  | &nbsp;&nbsp; 801958 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **3004693** |
| **Consumer Staples 0.5%** | **Consumer Staples 0.5%** | **Consumer Staples 0.5%** |
| **Food Products 0.5%** | **Food Products 0.5%** | **Food Products 0.5%** |
| Vital Farms, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6118 | &nbsp;&nbsp; 129029 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **129029** |
| **Energy 3.7%** | **Energy 3.7%** | **Energy 3.7%** |
| **Energy Equipment & Services 3.3%** | **Energy Equipment & Services 3.3%** | **Energy Equipment & Services 3.3%** |
| Helix Energy Solutions Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 27681 | &nbsp;&nbsp; 254388 |
| Oceaneering International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1590 | &nbsp;&nbsp; 56445 |
| Oil States International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10373 | &nbsp;&nbsp; 135783 |
| Tidewater, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5966 | &nbsp;&nbsp; 473820 |
| Total |  | &nbsp;&nbsp; 920436 |
| **Oil, Gas & Consumable Fuels 0.4%** | **Oil, Gas & Consumable Fuels 0.4%** | **Oil, Gas & Consumable Fuels 0.4%** |
| Riley Exploration Permian, Inc. | &nbsp;&nbsp; 4136 | &nbsp;&nbsp; 119282 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **1039718** |
| **Financials 9.9%** | **Financials 9.9%** | **Financials 9.9%** |
| **Banks 2.1%** | **Banks 2.1%** | **Banks 2.1%** |
| First Business Financial Services, Inc. | &nbsp;&nbsp; 5595 | &nbsp;&nbsp; 305767 |
| Orange County Bancorp, Inc. | &nbsp;&nbsp; 8800 | &nbsp;&nbsp; 292248 |
| Total |  | &nbsp;&nbsp; 598015 |
| **Capital Markets 2.0%** | **Capital Markets 2.0%** | **Capital Markets 2.0%** |
| Acadian Asset Management, Inc. | &nbsp;&nbsp; 7040 | &nbsp;&nbsp; 379174 |
| BGC Group, Inc., Class A | &nbsp;&nbsp; 20281 | &nbsp;&nbsp; 193075 |
| Total |  | &nbsp;&nbsp; 572249 |
| **Consumer Finance 2.9%** | **Consumer Finance 2.9%** | **Consumer Finance 2.9%** |
| Dave, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 843 | &nbsp;&nbsp; 162927 |
| FirstCash Holdings, Inc. | &nbsp;&nbsp; 1870 | &nbsp;&nbsp; 360517 |
| Regional Management Corp. | &nbsp;&nbsp; 9590 | &nbsp;&nbsp; 305154 |
| Total |  | &nbsp;&nbsp; 828598 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Financial Services 2.3%** | **Financial Services 2.3%** | **Financial Services 2.3%** |
| Flywire Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19674 | &nbsp;&nbsp; 242187 |
| NMI Holdings, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 2182 | &nbsp;&nbsp; 85774 |
| Payoneer Global, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 34501 | &nbsp;&nbsp; 149044 |
| Remitly Global, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10801 | &nbsp;&nbsp; 180377 |
| Total |  | &nbsp;&nbsp; 657382 |
| **Insurance 0.6%** | **Insurance 0.6%** | **Insurance 0.6%** |
| Heritage Insurance Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2759 | &nbsp;&nbsp; 76893 |
| Skyward Specialty Insurance Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1963 | &nbsp;&nbsp; 91221 |
| Total |  | &nbsp;&nbsp; 168114 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **2824358** |
| **Health Care 25.4%** | **Health Care 25.4%** | **Health Care 25.4%** |
| **Biotechnology 13.3%** | **Biotechnology 13.3%** | **Biotechnology 13.3%** |
| Absci Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5437 | &nbsp;&nbsp; 14897 |
| ACADIA Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5397 | &nbsp;&nbsp; 132550 |
| Annexon, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17889 | &nbsp;&nbsp; 100178 |
| Apogee Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 735 | &nbsp;&nbsp; 51450 |
| Arcellx, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1039 | &nbsp;&nbsp; 118228 |
| Arcutis Biotherapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6233 | &nbsp;&nbsp; 168104 |
| Biohaven Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6049 | &nbsp;&nbsp; 69684 |
| BridgeBio Pharma, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6560 | &nbsp;&nbsp; 436109 |
| Celcuity, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1058 | &nbsp;&nbsp; 118189 |
| CG Oncology, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3647 | &nbsp;&nbsp; 214444 |
| Cytokinetics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1698 | &nbsp;&nbsp; 105650 |
| Ideaya Biosciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2641 | &nbsp;&nbsp; 85040 |
| Insmed, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1889 | &nbsp;&nbsp; 282084 |
| Janux Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1398 | &nbsp;&nbsp; 19027 |
| KalVista Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1804 | &nbsp;&nbsp; 29369 |
| Krystal Biotech, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 509 | &nbsp;&nbsp; 140301 |
| Legend Biotech Corp., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 2518 | &nbsp;&nbsp; 47842 |
| Madrigal Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 375 | &nbsp;&nbsp; 162000 |
| NewAmsterdam Pharma Co. NV<sup>(a)</sup> <br>| &nbsp;&nbsp; 2782 | &nbsp;&nbsp; 98650 |
| Nuvalent, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 1481 | &nbsp;&nbsp; 150988 |
| Olema Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5186 | &nbsp;&nbsp; 125501 |
| Prime Medicine, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5595 | &nbsp;&nbsp; 25849 |
| Revolution Medicines, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3139 | &nbsp;&nbsp; 320241 |
| Rhythm Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1661 | &nbsp;&nbsp; 154024 |
| Scholar Rock Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1536 | &nbsp;&nbsp; 67999 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Soleno Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1045 | &nbsp;&nbsp; 40828 |
| Summit Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1701 | &nbsp;&nbsp; 28220 |
| Syndax Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4632 | &nbsp;&nbsp; 100561 |
| Ultragenyx Pharmaceutical, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2043 | &nbsp;&nbsp; 47786 |
| Vaxcyte, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3204 | &nbsp;&nbsp; 197815 |
| Viking Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3603 | &nbsp;&nbsp; 121925 |
| Total |  | &nbsp;&nbsp; 3775533 |
| **Health Care Equipment & Supplies 6.1%** | **Health Care Equipment & Supplies 6.1%** | **Health Care Equipment & Supplies 6.1%** |
| AtriCure, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10150 | &nbsp;&nbsp; 317289 |
| AxoGen, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7334 | &nbsp;&nbsp; 232708 |
| Delcath Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11288 | &nbsp;&nbsp; 100463 |
| Glaukos Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1586 | &nbsp;&nbsp; 190954 |
| Haemonetics Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1232 | &nbsp;&nbsp; 78010 |
| Inspire Medical Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1746 | &nbsp;&nbsp; 112635 |
| iRhythm Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 643 | &nbsp;&nbsp; 86001 |
| Lantheus Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2711 | &nbsp;&nbsp; 203081 |
| Sanara MedTech, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4312 | &nbsp;&nbsp; 88137 |
| Tactile Systems Technology, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11388 | &nbsp;&nbsp; 333555 |
| Total |  | &nbsp;&nbsp; 1742833 |
| **Health Care Providers & Services 3.7%** | **Health Care Providers & Services 3.7%** | **Health Care Providers & Services 3.7%** |
| Alignment Healthcare, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19127 | &nbsp;&nbsp; 367621 |
| LifeStance Health Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19950 | &nbsp;&nbsp; 144438 |
| Progyny, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13946 | &nbsp;&nbsp; 246705 |
| Talkspace, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10774 | &nbsp;&nbsp; 51930 |
| Viemed Healthcare, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 26324 | &nbsp;&nbsp; 229019 |
| Total |  | &nbsp;&nbsp; 1039713 |
| **Health Care Technology 0.8%** | **Health Care Technology 0.8%** | **Health Care Technology 0.8%** |
| Phreesia, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19634 | &nbsp;&nbsp; 242087 |
| **Life Sciences Tools & Services 0.3%** | **Life Sciences Tools & Services 0.3%** | **Life Sciences Tools & Services 0.3%** |
| Niagen Bioscience, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17034 | &nbsp;&nbsp; 86022 |
| **Pharmaceuticals 1.2%** | **Pharmaceuticals 1.2%** | **Pharmaceuticals 1.2%** |
| Axsome Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1052 | &nbsp;&nbsp; 172413 |
| Crinetics Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1840 | &nbsp;&nbsp; 75624 |
| EyePoint, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5763 | &nbsp;&nbsp; 101198 |
| Total |  | &nbsp;&nbsp; 349235 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **7235423** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Industrials 22.2%** | **Industrials 22.2%** | **Industrials 22.2%** |
| **Aerospace & Defense 3.4%** | **Aerospace & Defense 3.4%** | **Aerospace & Defense 3.4%** |
| AAR Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2279 | &nbsp;&nbsp; 267030 |
| Ducommun, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1628 | &nbsp;&nbsp; 201205 |
| Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5909 | &nbsp;&nbsp; 509238 |
| Total |  | &nbsp;&nbsp; 977473 |
| **Commercial Services & Supplies 1.2%** | **Commercial Services & Supplies 1.2%** | **Commercial Services & Supplies 1.2%** |
| Brink's Co. (The) | &nbsp;&nbsp; 1601 | &nbsp;&nbsp; 186949 |
| MillerKnoll, Inc. | &nbsp;&nbsp; 7700 | &nbsp;&nbsp; 155078 |
| Total |  | &nbsp;&nbsp; 342027 |
| **Construction & Engineering 5.8%** | **Construction & Engineering 5.8%** | **Construction & Engineering 5.8%** |
| Argan, Inc. | &nbsp;&nbsp; 432 | &nbsp;&nbsp; 194940 |
| Bowman Consulting Group Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10519 | &nbsp;&nbsp; 352807 |
| Dycom Industries, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1375 | &nbsp;&nbsp; 577528 |
| Primoris Services Corp. | &nbsp;&nbsp; 3023 | &nbsp;&nbsp; 455627 |
| Tutor Perini Corp. | &nbsp;&nbsp; 979 | &nbsp;&nbsp; 73787 |
| Total |  | &nbsp;&nbsp; 1654689 |
| **Electrical Equipment 6.0%** | **Electrical Equipment 6.0%** | **Electrical Equipment 6.0%** |
| American Superconductor Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5842 | &nbsp;&nbsp; 190332 |
| Amprius Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7394 | &nbsp;&nbsp; 79338 |
| Bloom Energy Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 5759 | &nbsp;&nbsp; 896503 |
| Nextpower, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 5020 | &nbsp;&nbsp; 527602 |
| Total |  | &nbsp;&nbsp; 1693775 |
| **Machinery 2.5%** | **Machinery 2.5%** | **Machinery 2.5%** |
| SPX Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2385 | &nbsp;&nbsp; 541252 |
| Tennant Co. | &nbsp;&nbsp; 1711 | &nbsp;&nbsp; 104422 |
| Twin Disc, Inc. | &nbsp;&nbsp; 4149 | &nbsp;&nbsp; 75470 |
| Total |  | &nbsp;&nbsp; 721144 |
| **Professional Services 2.3%** | **Professional Services 2.3%** | **Professional Services 2.3%** |
| ExlService Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 935 | &nbsp;&nbsp; 29219 |
| Legalzoom.com, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15697 | &nbsp;&nbsp; 110350 |
| Planet Labs PBC<sup>(a)</sup> <br>| &nbsp;&nbsp; 10350 | &nbsp;&nbsp; 249849 |
| Upwork, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 20242 | &nbsp;&nbsp; 271647 |
| Total |  | &nbsp;&nbsp; 661065 |
| **Trading Companies & Distributors 1.0%** | **Trading Companies & Distributors 1.0%** | **Trading Companies & Distributors 1.0%** |
| DNOW, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 23015 | &nbsp;&nbsp; 271117 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **6321290** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Information Technology 17.0%** | **Information Technology 17.0%** | **Information Technology 17.0%** |
| **Communications Equipment 1.6%** | **Communications Equipment 1.6%** | **Communications Equipment 1.6%** |
| Calix, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2154 | &nbsp;&nbsp; 111513 |
| Harmonic, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 32264 | &nbsp;&nbsp; 342966 |
| Total |  | &nbsp;&nbsp; 454479 |
| **Electronic Equipment, Instruments & Components 3.3%** | **Electronic Equipment, Instruments & Components 3.3%** | **Electronic Equipment, Instruments & Components 3.3%** |
| Fabrinet<sup>(a)</sup> <br>| &nbsp;&nbsp; 1177 | &nbsp;&nbsp; 642207 |
| Itron, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 715 | &nbsp;&nbsp; 67174 |
| Ouster, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 12778 | &nbsp;&nbsp; 242143 |
| Total |  | &nbsp;&nbsp; 951524 |
| **IT Services 0.6%** | **IT Services 0.6%** | **IT Services 0.6%** |
| Backblaze, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 24850 | &nbsp;&nbsp; 93436 |
| Grid Dynamics Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10700 | &nbsp;&nbsp; 72225 |
| Total |  | &nbsp;&nbsp; 165661 |
| **Semiconductors & Semiconductor Equipment 3.7%** | **Semiconductors & Semiconductor Equipment 3.7%** | **Semiconductors & Semiconductor Equipment 3.7%** |
| Ambarella, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1330 | &nbsp;&nbsp; 80252 |
| Credo Technology Group Holding Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4826 | &nbsp;&nbsp; 541815 |
| Formfactor, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1810 | &nbsp;&nbsp; 178973 |
| Rambus, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 773 | &nbsp;&nbsp; 77037 |
| SiTime Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 465 | &nbsp;&nbsp; 185014 |
| Total |  | &nbsp;&nbsp; 1063091 |
| **Software 7.8%** | **Software 7.8%** | **Software 7.8%** |
| Appian Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6083 | &nbsp;&nbsp; 162234 |
| Clear Secure, Inc., Class A | &nbsp;&nbsp; 9824 | &nbsp;&nbsp; 477839 |
| D-Wave Quantum, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4016 | &nbsp;&nbsp; 75420 |
| Freshworks, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 31007 | &nbsp;&nbsp; 242475 |
| Intapp, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1936 | &nbsp;&nbsp; 43424 |
| LiveRamp Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 12593 | &nbsp;&nbsp; 342152 |
| Pagaya Technologies Ltd., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 3861 | &nbsp;&nbsp; 43205 |
| Pagerduty, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29206 | &nbsp;&nbsp; 206194 |
| Sprinklr, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 25547 | &nbsp;&nbsp; 148684 |
| Sprout Social, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 20049 | &nbsp;&nbsp; 129316 |
| Tenable Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6855 | &nbsp;&nbsp; 131822 |
| Viant Technology, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 20204 | &nbsp;&nbsp; 204666 |
| Total |  | &nbsp;&nbsp; 2207431 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **4842186** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Materials 3.8%** | **Materials 3.8%** | **Materials 3.8%** |
| **Metals & Mining 3.8%** | **Metals & Mining 3.8%** | **Metals & Mining 3.8%** |
| Coeur Mining, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 20966 | &nbsp;&nbsp; 569227 |
| Kaiser Aluminum Corp. | &nbsp;&nbsp; 1682 | &nbsp;&nbsp; 218896 |
| SSR Mining, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9237 | &nbsp;&nbsp; 297339 |
| Total |  | &nbsp;&nbsp; 1085462 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **1085462** |
| **Real Estate 1.3%** | **Real Estate 1.3%** | **Real Estate 1.3%** |
| **Health Care REITs 0.5%** | **Health Care REITs 0.5%** | **Health Care REITs 0.5%** |
| Strawberry Fields REIT, Inc. | &nbsp;&nbsp; 10915 | &nbsp;&nbsp; 139712 |
| **Retail REITs 0.2%** | **Retail REITs 0.2%** | **Retail REITs 0.2%** |
| Tanger, Inc. | &nbsp;&nbsp; 1642 | &nbsp;&nbsp; 60852 |
| **Specialized REITs 0.6%** | **Specialized REITs 0.6%** | **Specialized REITs 0.6%** |
| Outfront Media, Inc. | &nbsp;&nbsp; 6017 | &nbsp;&nbsp; 173350 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **373914** |
| Total Common Stocks <br>(Cost $23,463,017) | Total Common Stocks <br>(Cost $23,463,017) | &nbsp;&nbsp; **27950974** |

---

---

| | | |
|:---|:---|:---|
| **Rights 0.0%** | **Rights 0.0%** | **Rights 0.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Health Care 0.0%** | **Health Care 0.0%** | **Health Care 0.0%** |
| **Biotechnology 0.0%** | **Biotechnology 0.0%** | **Biotechnology 0.0%** |
| Metsera, Inc., CVR<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp; 1293 | &nbsp;&nbsp; 5818 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **5818** |
| Total Rights <br>(Cost $3,714) | Total Rights <br>(Cost $3,714) | &nbsp;&nbsp; **5818** |
| **Money Market Funds 1.8%** | **Money Market Funds 1.8%** | **Money Market Funds 1.8%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(d),(e)</sup> <br>| &nbsp;&nbsp; 507686 | &nbsp;&nbsp; 507585 |
| Total Money Market Funds <br>(Cost $507,516) | Total Money Market Funds <br>(Cost $507,516) | &nbsp;&nbsp; **507585** |
| **Total Investments in Securities** <br>**(Cost: $23,974,247)** | **Total Investments in Securities** <br>**(Cost: $23,974,247)** | &nbsp;&nbsp; **28464377** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(17316)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **28447061** |

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing investment.

&nbsp;&nbsp;&nbsp;&nbsp;(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 February 28, 2026, the total market value of these securities amounted to $5,818, which represents 0.02% of total net assets. Additional information on these securities is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Dates**<br>| **Shares** | **Cost ($)** | **Value ($)** |
| Metsera, Inc., CVR | 07/14/2025-11/11/2025 | &nbsp;&nbsp; 1293 | &nbsp;&nbsp; 3714 | &nbsp;&nbsp; 5818 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(c) Valuation based on significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The rate shown is the seven-day current annualized yield at February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated issuers** | **Beginning** <br>**of period($)**<br>| **Purchases($)** | **Sales($)** | **Net change in** <br>**unrealized** <br>**appreciation** <br>**(depreciation)($)**<br>| **End of** <br>**period($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends($)** | **End of** <br>**period shares**<br>|
| Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% | Columbia Short-Term Cash Fund, 3.777% |
|  | 334573 | &nbsp;&nbsp; 7153337 | &nbsp;&nbsp; (6980393)<br>| &nbsp;&nbsp; 68 | &nbsp;&nbsp; 507585 | &nbsp;&nbsp; (91)<br>| &nbsp;&nbsp; 9995 | &nbsp;&nbsp; 507686 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt <br> CVR Contingent Value Rights

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements** 

The Fund categorizes its fair value measurements according to a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund's assumptions about the information market participants would use in pricing an investment. An investment's level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset's or liability's fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

■

Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

■

Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

■

Level 3 — Valuations based on significant unobservable inputs (including the Fund's own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Investment Manager, along with any other relevant factors in the calculation of an investment's fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Investments falling into the Level 3 category, if any, are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Investment Manager. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.

The Fund's Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily available using valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the Investment Manager's organization, including operations and accounting, trading and investments, compliance, risk management and legal.

The Committee meets at least monthly to review and approve valuation matters, which may include a description of specific valuation determinations, data regarding pricing information received from approved pricing vendors and brokers and the results of Board-approved valuation policies and procedures (the Policies). The Policies address, among other things, instances when market quotations are or are not readily available, including recommendations of third party pricing vendors and a determination of appropriate pricing methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. Representatives of Columbia Management Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.

The following table is a summary of the inputs used to value the Fund's investments at February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks |  |  |  |  |
| Communication Services | 1094901 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1094901 |
| Consumer Discretionary | 3004693 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3004693 |
| Consumer Staples | 129029 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 129029 |
| Energy | 1039718 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1039718 |
| Financials | 2824358 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2824358 |
| Health Care | 7235423 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7235423 |
| Industrials | 6321290 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6321290 |
| Information Technology | 4842186 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4842186 |
| Materials | 1085462 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1085462 |
| Real Estate | 373914 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 373914 |
| Total Common Stocks | 27950974 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27950974 |
| Rights |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5818 | &nbsp;&nbsp;&nbsp;&nbsp; 5818 |
| Money Market Funds | 507585 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 507585 |
| Total Investments in Securities | 28458559 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5818 | &nbsp;&nbsp;&nbsp;&nbsp; 28464377 |

---

See the Portfolio of Investments for all investment classifications not indicated in the table.

The Fund does not hold any significant investments (greater than one percent of net assets) categorized as Level 3.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Statement of Assets and Liabilities

February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Assets** |  |
| Investments in securities, at value |  |
| Unaffiliated issuers (cost $23,466,731) | $27956792 |
| Affiliated issuers (cost $507,516) | 507585 |
| Receivable for: |  |
| Capital shares sold | 77 |
| Dividends | 8915 |
| Expense reimbursement due from Investment Manager | 361 |
| Prepaid expenses | 1122 |
| Other assets | 16755 |
| Total assets | 28491607 |
| **Liabilities** |  |
| Payable for: |  |
| Capital shares redeemed | 345 |
| Management services fees | 675 |
| Distribution and/or service fees | 124 |
| Transfer agent fees | 2809 |
| Compensation of chief compliance officer | 2 |
| Accounting services fees | 16079 |
| Legal fees | 3930 |
| Compensation of board members | 963 |
| Other expenses | 2174 |
| Deferred compensation of board members | 17445 |
| Total liabilities | 44546 |
| **Net assets applicable to outstanding capital stock** | **$28447061** |
| **Represented by** |  |
| Paid in capital | 22373273 |
| Total distributable earnings (loss) | 6073788 |
| **Total - representing net assets applicable to outstanding capital stock** | **$28447061** |
| **Class A** |  |
| Net assets | $21084451 |
| Shares outstanding | 1595026 |
| Net asset value per share | $13.22 |
| Maximum sales charge  | 5.75% |
| Maximum offering price per share (calculated by dividing the net asset value per share by 1.0 minus the maximum sales charge for Class A shares) | $14.03 |
| **Institutional Class** |  |
| Net assets | $7362610 |
| Shares outstanding | 480719 |
| Net asset value per share | $15.32 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Statement of Operations

Six Months Ended February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Net investment income** |  |
| Income: |  |
| Dividends — unaffiliated issuers | $29730 |
| Dividends — affiliated issuers | 9995 |
| Total income | 39725 |
| Expenses: |  |
| Management services fees | 118478 |
| Distribution and/or service fees |  |
| Class A | 21848 |
| Transfer agent fees |  |
| Class A | 17214 |
| Institutional Class | 5293 |
| Custodian fees | 3068 |
| Printing and postage fees | 6742 |
| Registration fees | 22248 |
| Accounting services fees | 16079 |
| Legal fees | 8566 |
| Compensation of chief compliance officer | 2 |
| Compensation of board members | 5619 |
| Deferred compensation of board members | 2949 |
| Other | 3165 |
| Total expenses | 231271 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (71148)<br>|
| Expense reduction | (284)<br>|
| Total net expenses | 159839 |
| **Net investment loss** | (120114)<br>|
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 2701239 |
| Investments — affiliated issuers | (91)<br>|
| Net realized gain | 2701148 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | (568932)<br>|
| Investments — affiliated issuers | 68 |
| Net change in unrealized appreciation (depreciation) | (568864)<br>|
| Net realized and unrealized gain | 2132284 |
| **Net increase in net assets resulting from operations** | **$2012170** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Statement of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)**<br>| **Year Ended** <br>**August 31, 2025**<br>|
| **Operations** |  |  |
| Net investment loss | $(120114)<br>| &nbsp;&nbsp; $(189742)<br>|
| Net realized gain | 2701148 | &nbsp;&nbsp; 4388999 |
| Net change in unrealized appreciation (depreciation) | (568864)<br>| &nbsp;&nbsp; (231450)<br>|
| Net increase in net assets resulting from operations | 2012170 | &nbsp;&nbsp; 3967807 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (3606674)<br>| &nbsp;&nbsp; (2742518)<br>|
| Institutional Class | (861058)<br>| &nbsp;&nbsp; (475241)<br>|
| Total distributions to shareholders | (4467732)<br>| &nbsp;&nbsp; (3217759)<br>|
| Increase in net assets from capital stock activity | 6472930 | &nbsp;&nbsp; 597904 |
| Total increase in net assets | 4017368 | &nbsp;&nbsp; 1347952 |
| Net assets at beginning of period | 24429693 | &nbsp;&nbsp; 23081741 |
| **Net assets at end of period** | **$28447061** | &nbsp;&nbsp; **$24429693** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Statement of Changes in Net Assets (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** | **Year Ended** | **Year Ended** |
|  | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **August 31, 2025**  | **August 31, 2025**  |
|  | **Shares** | **Dollars ($)** | **Shares** | **Dollars ($)** |
| **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** |
| Class A |  |  |  |  |
| Shares sold | 41100 | &nbsp;&nbsp;&nbsp;&nbsp; 593279 | &nbsp;&nbsp;&nbsp;&nbsp; 21746 | &nbsp;&nbsp;&nbsp;&nbsp; 300279 |
| Distributions reinvested | 264913 | &nbsp;&nbsp;&nbsp;&nbsp; 3573685 | &nbsp;&nbsp;&nbsp;&nbsp; 191927 | &nbsp;&nbsp;&nbsp;&nbsp; 2715770 |
| Shares redeemed | (142909)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2064923)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (178064)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2403706)<br>|
| Net increase | 163104 | &nbsp;&nbsp;&nbsp;&nbsp; 2102041 | &nbsp;&nbsp;&nbsp;&nbsp; 35609 | &nbsp;&nbsp;&nbsp;&nbsp; 612343 |
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp; 3233 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (178810)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3149957)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (178681)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3146724)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 406733 | &nbsp;&nbsp;&nbsp;&nbsp; 6723350 | &nbsp;&nbsp;&nbsp;&nbsp; 217769 | &nbsp;&nbsp;&nbsp;&nbsp; 3871430 |
| Distributions reinvested | 55019 | &nbsp;&nbsp;&nbsp;&nbsp; 859943 | &nbsp;&nbsp;&nbsp;&nbsp; 29604 | &nbsp;&nbsp;&nbsp;&nbsp; 473954 |
| Shares redeemed | (184439)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3212404)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (78856)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1213099)<br>|
| Net increase | 277313 | &nbsp;&nbsp;&nbsp;&nbsp; 4370889 | &nbsp;&nbsp;&nbsp;&nbsp; 168517 | &nbsp;&nbsp;&nbsp;&nbsp; 3132285 |
| **Total net increase** | **440417** | &nbsp;&nbsp;&nbsp;&nbsp; **6472930** | &nbsp;&nbsp;&nbsp;&nbsp; **25445** | &nbsp;&nbsp;&nbsp;&nbsp; **597904** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Financial Highlights

The following table is intended to help you understand the Fund's financial performance. Certain information reflects financial results for a single share of a class held for the periods shown. For periods ended 2022 and thereafter, per share net investment income (loss) amounts are calculated based on average shares outstanding during the period. Total return assumes reinvestment of all dividends and distributions, if any. Total return does not reflect payment of sales charges, if any. Total return and portfolio turnover are not annualized for periods of less than one year. The ratios of expenses and net investment income are annualized for periods of less than one year. The portfolio turnover rate is calculated without regard to purchase and sales transactions of short-term instruments and certain derivatives, if any. If such transactions were included, the Fund's portfolio turnover rate may be higher. A zero balance may reflect an amount rounding to less than $0.01 or 0.01%.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset value,** <br>**beginning of** <br>**period**<br>| **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net** <br>**realized** <br>**and** <br>**unrealized** <br>**gain (loss)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Distributions** <br>**from net** <br>**realized** <br>**gains**<br>| **Total** <br>**distributions to** <br>**shareholders**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | $14.69 | &nbsp;&nbsp; (0.07)<br>| 1.22 | 1.15 | &nbsp;&nbsp; (2.62)<br>| &nbsp;&nbsp; (2.62)<br>|
| Year Ended 8/31/2025 | $14.14 | &nbsp;&nbsp; (0.12)<br>| 2.69 | 2.57 | &nbsp;&nbsp; (2.02)<br>| &nbsp;&nbsp; (2.02)<br>|
| Year Ended 8/31/2024 | $12.09 | &nbsp;&nbsp; (0.07)<br>| 2.12 | 2.05 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $11.71 | &nbsp;&nbsp; (0.06)<br>| 1.04 | 0.98 | &nbsp;&nbsp; (0.60)<br>| &nbsp;&nbsp; (0.60)<br>|
| Year Ended 8/31/2022<sup>(e)</sup> <br>| $23.20 | &nbsp;&nbsp; (0.12)<br>| &nbsp;&nbsp; (4.08)<br>| &nbsp;&nbsp; (4.20)<br>| &nbsp;&nbsp; (7.29)<br>| &nbsp;&nbsp; (7.29)<br>|
| Year Ended 8/31/2021<sup>(g)</sup> <br>| $16.64 | &nbsp;&nbsp; (0.19)<br>| 7.48 | 7.29 | &nbsp;&nbsp; (0.73)<br>| &nbsp;&nbsp; (0.73)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $16.66 | &nbsp;&nbsp; (0.06)<br>| 1.38 | 1.32 | &nbsp;&nbsp; (2.66)<br>| &nbsp;&nbsp; (2.66)<br>|
| Year Ended 8/31/2025 | $15.76 | &nbsp;&nbsp; (0.10)<br>| 3.02 | 2.92 | &nbsp;&nbsp; (2.02)<br>| &nbsp;&nbsp; (2.02)<br>|
| Year Ended 8/31/2024 | $13.47 | &nbsp;&nbsp; (0.04)<br>| 2.33 | 2.29 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $12.94 | &nbsp;&nbsp; (0.04)<br>| 1.17 | 1.13 | &nbsp;&nbsp; (0.60)<br>| &nbsp;&nbsp; (0.60)<br>|
| Year Ended 8/31/2022<sup>(h)</sup> <br>| $14.46 | &nbsp;&nbsp; (0.04)<br>| &nbsp;&nbsp; (1.48)<br>| &nbsp;&nbsp; (1.52)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Notes to Financial Highlights**  | **Notes to Financial Highlights**  |
| (a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
| (b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.  |
| (c) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by BMO Asset Management Corp, and certain of its affiliates, if applicable, for the account periods prior to the closing of the Reorganization, which occurred on January 21, 2022. |
| (d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
| (e) | Redemption fees consisted of per share amounts less than $0.01. |
| (f) | Ratios include interfund lending expense which is less than 0.01%. |
| (g) | Net investment income (loss) per share calculated using the average shares method. |
| (h) | Institutional Class shares commenced operations on January 26, 2022. Per share data and total return reflect activity from that date. |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Financial Highlights (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; **Net** <br>**asset** <br>**value,** <br>**end of** <br>**period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**return**<br>| &nbsp;&nbsp;&nbsp; **Total gross** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; **Total net** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp;&nbsp; **Net investment** <br>**income (loss)** <br>**ratio to** <br>**average** <br>**net assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**turnover**<br>| &nbsp;&nbsp;&nbsp; **Net** <br>**assets,** <br>**end of** <br>**period** <br>**(000's)**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $13.22 | &nbsp;&nbsp;&nbsp;&nbsp; 7.50% | &nbsp;&nbsp;&nbsp;&nbsp; 1.71% | &nbsp;&nbsp;&nbsp;&nbsp; 1.20% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.91%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 54% | &nbsp;&nbsp;&nbsp;&nbsp; $21084 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $14.69 | &nbsp;&nbsp;&nbsp;&nbsp; 18.73% | &nbsp;&nbsp;&nbsp;&nbsp; 1.86% | &nbsp;&nbsp;&nbsp;&nbsp; 1.21% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.86%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 78% | &nbsp;&nbsp;&nbsp;&nbsp; $21042 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $14.14 | &nbsp;&nbsp;&nbsp;&nbsp; 16.96% | &nbsp;&nbsp;&nbsp;&nbsp; 1.71% | &nbsp;&nbsp;&nbsp;&nbsp; 1.21% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.56%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 58% | &nbsp;&nbsp;&nbsp;&nbsp; $19746 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $12.09 | &nbsp;&nbsp;&nbsp;&nbsp; 8.89% | &nbsp;&nbsp;&nbsp;&nbsp; 1.65% | &nbsp;&nbsp;&nbsp;&nbsp; 1.19% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.52%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 58% | &nbsp;&nbsp;&nbsp;&nbsp; $21070 |
|  Year Ended 8/31/2022 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.71 | &nbsp;&nbsp;&nbsp;&nbsp; (24.43%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.60% <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.22% <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.78%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 54% | &nbsp;&nbsp;&nbsp;&nbsp; $21895 |
|  Year Ended 8/31/2021 <br><sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.20 | &nbsp;&nbsp;&nbsp;&nbsp; 44.85% | &nbsp;&nbsp;&nbsp;&nbsp; 1.35% | &nbsp;&nbsp;&nbsp;&nbsp; 1.24% | &nbsp;&nbsp;&nbsp;&nbsp; (0.86%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 62% | &nbsp;&nbsp;&nbsp;&nbsp; $33873 |
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $15.32 | &nbsp;&nbsp;&nbsp;&nbsp; 7.58% | &nbsp;&nbsp;&nbsp;&nbsp; 1.51% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.70%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 54% | &nbsp;&nbsp;&nbsp;&nbsp; $7363 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $16.66 | &nbsp;&nbsp;&nbsp;&nbsp; 19.06% | &nbsp;&nbsp;&nbsp;&nbsp; 1.61% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.66%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 78% | &nbsp;&nbsp;&nbsp;&nbsp; $3388 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $15.76 | &nbsp;&nbsp;&nbsp;&nbsp; 17.00% | &nbsp;&nbsp;&nbsp;&nbsp; 1.48% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 58% | &nbsp;&nbsp;&nbsp;&nbsp; $550 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $13.47 | &nbsp;&nbsp;&nbsp;&nbsp; 9.21% | &nbsp;&nbsp;&nbsp;&nbsp; 1.46% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.32%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 58% | &nbsp;&nbsp;&nbsp;&nbsp; $30639 |
|  Year Ended 8/31/2022 <br><sup>(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.94 | &nbsp;&nbsp;&nbsp;&nbsp; (10.51%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.45% | &nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; (0.58%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 54% | &nbsp;&nbsp;&nbsp;&nbsp; $34566 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Integrated Small Cap Growth Fund (the Fund), a series of Columbia Funds Series Trust II (the Trust), is a diversified fund. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.

**Fund shares**

The Trust may issue an unlimited number of shares (without par value). The Fund offers each of the share classes listed in the Statement of Assets and Liabilities. Although all share classes generally have identical voting, dividend and liquidation rights, each share class votes separately when required by the Trust's organizational documents or by law. Each share class has its own expense and sales charge structure. Different share classes may have different minimum initial investment amounts and pay different net investment income distribution amounts to the extent the expenses of distributing such share classes vary. Distributions to shareholders in a liquidation will be proportional to the net asset value of each share class.

As described in the Fund's prospectus, Class A shares are offered to the general public for investment. Institutional Class shares are available for purchase through authorized investment professionals to omnibus retirement plans or to institutional investors and to certain other investors as also described in the Fund's prospectus.

Note 2. Summary of significant accounting policies

**Basis of preparation**

The Fund is an investment company that applies the accounting and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946, *Financial Services - Investment Companies* (ASC 946). The financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP), which requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements.

**Segment reporting**

The intent of FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures is to enable investors to better understand an entity's overall performance and to assess its potential future cash flows through improved segment disclosures. The chief operating decision maker (CODM) for the Fund is Columbia Management Investment Advisers, LLC through its Investment Oversight Committee and Global Executive Group, which are responsible for assessing performance and making decisions about resource allocation. The CODM has determined that the Fund has a single operating segment because the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the Fund's portfolio managers as a team. The financial information provided to and reviewed by the CODM is consistent with that presented within the Fund's financial statements.

**Security valuation**

Equity securities listed on an exchange are valued at the closing price or last trade price on their primary exchange at the close of business of the New York Stock Exchange. Securities with a closing price not readily available or not listed on any exchange are valued at the mean between the closing bid and ask prices. Listed preferred stocks convertible into common stocks are valued using an evaluated price from a pricing service.

Foreign equity securities are valued based on the closing price or last trade price on their primary exchange at the close of business of the New York Stock Exchange. If any foreign equity security closing prices are not readily available, the securities are valued at the mean of the latest quoted bid and ask prices on such exchanges or markets. Foreign currency

Columbia Integrated Small Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

exchange rates are determined at the scheduled closing time of the New York Stock Exchange. Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange; therefore, the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. In those situations, foreign securities will be fair valued pursuant to a policy approved by the Board of Trustees. Under the policy, the Fund may utilize a third-party pricing service to determine these fair values. The third-party pricing service takes into account multiple factors, including relevant general and sector indices, currency fluctuations, depositary receipts, and futures, as applicable, to determine a good faith estimate that reasonably reflects the current market conditions as of the close of the New York Stock Exchange. The fair value of a security is likely to be different from the quoted or published price, if available.

Investments in open-end investment companies (other than exchange-traded funds (ETFs)), are valued at the latest net asset value reported by those companies as of the valuation time.

Investments for which market quotations are not readily available, or that have quotations which management believes are not reflective of market value or reliable, are valued at fair value as determined in good faith under procedures approved by the Board of Trustees. If a security or class of securities (such as foreign securities) is valued at fair value, such value is likely to be different from the quoted or published price for the security, if available.

The determination of fair value often requires significant judgment. To determine fair value, management may use assumptions including but not limited to future cash flows and estimated risk premiums. Multiple inputs from various sources may be used to determine fair value.

GAAP requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category. This information is disclosed following the Fund's Portfolio of Investments.

**Security transactions**

Security transactions are accounted for on the trade date. Cost is determined and gains (losses) are based upon the specific identification method for both financial statement and federal income tax purposes.

**Income recognition**

Corporate actions and dividend income are generally recorded net of any non-reclaimable tax withholdings, on the ex-dividend date or upon receipt of an ex-dividend notification in the case of certain foreign securities.

The Fund may receive distributions from holdings in equity securities, business development companies (BDCs), exchange-traded funds (ETFs), limited partnerships (LPs), other regulated investment companies (RICs), and real estate investment trusts (REITs), which report information as to the tax character of their distributions annually. These distributions are allocated to dividend income, capital gain and return of capital based on actual information reported. Return of capital is recorded as a reduction of the cost basis of securities held. If the Fund no longer owns the applicable securities, return of capital is recorded as a realized gain. With respect to REITs, to the extent actual information has not yet been reported, estimates for return of capital are made by Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). The Investment Manager's estimates are subsequently adjusted when the actual character of the distributions is disclosed by the REITs, which could result in a proportionate change in return of capital to shareholders.

Awards from class action litigation are recorded as a reduction of cost basis if the Fund still owns the applicable securities on the payment date. If the Fund no longer owns the applicable securities on the payment date, the proceeds are recorded as realized gains.

**Expenses**

General expenses of the Trust are allocated to the Fund and other funds of the Trust based upon relative net assets or other expense allocation methodologies determined by the nature of the expense. Expenses directly attributable to the Fund are charged to the Fund. Expenses directly attributable to a specific class of shares are charged to that share class.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Determination of class net asset value**

All income, expenses (other than class-specific expenses, which are charged to that share class, as shown in the Statement of Operations) and realized and unrealized gains (losses) are allocated to each class of the Fund on a daily basis, based on the relative net assets of each class, for purposes of determining the net asset value of each class.

**Federal income tax status**

The Fund intends to qualify each year as a regulated investment company under Subchapter M of the Internal Revenue Code, as amended, and will distribute substantially all of its investment company taxable income and net capital gain, if any, for its tax year, and as such will not be subject to federal income taxes. In addition, the Fund intends to distribute in each calendar year substantially all of its ordinary income, capital gain net income and certain other amounts, if any, such that the Fund should not be subject to federal excise tax. Therefore, no federal income or excise tax provision is recorded.

**Distributions to shareholders**

Distributions from net investment income, if any, are declared and paid annually. Net realized capital gains, if any, are distributed at least annually. Income distributions and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

**Guarantees and indemnifications**

Under the Trust's organizational documents and, in some cases, by contract, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust or its funds. In addition, certain of the Fund's contracts with its service providers contain general indemnification clauses. The Fund's maximum exposure under these arrangements is unknown since the amount of any future claims that may be made against the Fund cannot be determined, and the Fund has no historical basis for predicting the likelihood of any such claims.

Note 3. Fees and other transactions with affiliates

**Management services fees**

The Fund has entered into a Management Agreement with Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). Under the Management Agreement, the Investment Manager provides the Fund with investment research and advice and is responsible for administrative and accounting services. The management services fee is an annual fee that is equal to a percentage of the Fund's daily net assets that declines from 0.85% to 0.73% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.85% of the Fund's average daily net assets.

**Compensation of Board members**

Members of the Board of Trustees who are not officers or employees of the Investment Manager or Ameriprise Financial are compensated for their services to the Fund as disclosed in the Statement of Operations. Under a Deferred Compensation Plan (the Deferred Plan), these members of the Board of Trustees may elect to defer payment of up to 100% of their compensation. Deferred amounts are treated as though equivalent dollar amounts had been invested in shares of certain funds managed by the Investment Manager. The Fund's liability for these amounts is adjusted for market value changes and remains in the Fund until distributed in accordance with the Deferred Plan. All amounts payable under the Deferred Plan constitute a general unsecured obligation of the Fund. The expense for the Deferred Plan, which includes Trustees' fees deferred during the current period as well as any gains or losses on the Trustees' deferred compensation balances as a result of market fluctuations, is included in "Deferred compensation of board members" in the Statement of Operations.

**Compensation of Chief Compliance Officer**

The Board of Trustees has appointed a Chief Compliance Officer for the Fund in accordance with federal securities regulations. As disclosed in the Statement of Operations, a portion of the Chief Compliance Officer's total compensation is allocated to the Fund, along with other allocations to affiliated registered investment companies managed by the Investment Manager and its affiliates, based on relative net assets.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Transfer agency fees**

Under a Transfer and Dividend Disbursing Agent Agreement, Columbia Management Investment Services Corp. (the Transfer Agent), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, is responsible for providing transfer agency services to the Fund. The Transfer Agent has contracted with SS&C GIDS, Inc. (SS&C GIDS) to serve as sub-transfer agent. The Transfer Agent pays the fees of SS&C GIDS for services as sub-transfer agent and SS&C GIDS is not entitled to reimbursement for such fees from the Fund (with the exception of out-of-pocket fees).

The Fund pays the Transfer Agent a monthly transfer agency fee based on the number or the average value of accounts, depending on the type of account. In addition, the Fund pays the Transfer Agent a fee for shareholder services based on the number of accounts or on a percentage of the average aggregate value of the Fund's shares maintained in omnibus accounts up to the lesser of the amount charged by the financial intermediary or a cap established by the Board of Trustees from time to time.

The Transfer Agent also receives compensation from the Fund for various shareholder services and reimbursements for certain out-of-pocket fees.

For the six months ended February 28, 2026, the Fund's annualized effective transfer agency fee rates as a percentage of average daily net assets of each class were as follows:

---

| | |
|:---|:---|
|  | **Effective rate (%)** |
| Class A | 0.16 |
| Institutional Class | 0.16 |

---

An annual minimum account balance fee of $20 may apply to certain accounts with a value below the applicable share class's initial minimum investment requirements to reduce the impact of small accounts on transfer agency fees. These minimum account balance fees are remitted to the Fund and recorded as part of expense reductions in the Statement of Operations. For the six months ended February 28, 2026, these minimum account balance fees reduced total expenses of the Fund by $284.

**Distribution and service fees**

The Fund has entered into an agreement with Columbia Management Investment Distributors, Inc. (the Distributor), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, for distribution and shareholder services. Under a Plan and Agreement of Distribution, the Fund pays a fee at the maximum annual rate of up to 0.25% of the Fund's average daily net assets attributable to Class A shares. The Fund pays the distribution and/or shareholder services fees for Class A up to the point where the Distributor's expenses are fully recovered.

**Sales charges** 

Sales charges, including front-end charges and contingent deferred sales charges (CDSCs), received by the Distributor for distributing Fund shares for the six months ended February 28, 2026, if any, are listed below:

---

| | | |
|:---|:---|:---|
|  | **Front End (%)** | **Amount ($)** |
| Class A | 5.75<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.50 - 1.00 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4679 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions.

The Fund's other share classes are not subject to sales charges.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Expenses waived/reimbursed by the Investment Manager and its affiliates**

The Investment Manager and certain of its affiliates have contractually agreed to waive fees and/or reimburse expenses (excluding certain fees and expenses described below) for the period(s) disclosed below, unless sooner terminated at the sole discretion of the Board of Trustees, so that the Fund's net operating expenses, after giving effect to fees waived/expenses reimbursed and any balance credits and/or overdraft charges from the Fund's custodian, do not exceed the following annual rate(s) as a percentage of the classes' average daily net assets:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee rate(s) contractual** <br>**through** <br>**December 31, 2026 (%)**<br>|
| Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.24 |
| Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.99 |

---

Under the agreement governing these fee waivers and/or expense reimbursement arrangements, the following fees and expenses are excluded from the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with investments in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Board of Trustees. This agreement may be modified or amended only with approval from the Investment Manager, certain of its affiliates and the Fund. Any fees waived and/or expenses reimbursed under the expense reimbursement arrangements described above are not recoverable by the Investment Manager or its affiliates in future periods.

Note 4. Federal tax information

The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP because of temporary or permanent book to tax differences.

At February 28, 2026, the approximate cost of all investments for federal income tax purposes and the aggregate gross approximate unrealized appreciation and depreciation based on that cost was:

---

| | | | |
|:---|:---|:---|:---|
| **Federal** <br>**tax cost ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(depreciation) ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net unrealized** <br>**appreciation ($)**<br>|
| 23974000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2935000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4490000 |

---

Tax cost of investments and unrealized appreciation/(depreciation) may also include timing differences that do not constitute adjustments to tax basis.

Management of the Fund has concluded that there are no significant uncertain tax positions in the Fund that would require recognition in the financial statements. However, management's conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, new tax laws, regulations, and administrative interpretations (including relevant court decisions). Generally, the Fund's federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

Note 5. Portfolio information

The cost of purchases and proceeds from sales of securities, excluding short-term investments and derivatives, if any, aggregated to $16,446,313 and $14,751,923, respectively, for the six months ended February 28, 2026. The amount of purchase and sale activity impacts the portfolio turnover rate reported in the Financial Highlights.

Columbia Integrated Small Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Note 6. Affiliated money market fund

The Fund invests in Columbia Short-Term Cash Fund, an affiliated money market fund established for the exclusive use by the Fund and other affiliated funds (the Affiliated MMF). The income earned by the Fund from such investments is included as Dividends - affiliated issuers in the Statement of Operations. As an investing fund, the Fund indirectly bears its proportionate share of the expenses of the Affiliated MMF. The Affiliated MMF prices its shares with a floating net asset value. The Securities and Exchange Commission has adopted amendments to money market fund rules requiring institutional prime money market funds like the Affiliated MMF to be subject to a discretionary liquidity fee of up to 2% if the imposition of such a fee is determined to be in the best interest of the Affiliated MMF and to a mandatory liquidity fee if daily net redemptions exceed 5% of net assets.

Note 7. Interfund lending

Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Fund participates in a program (the Interfund Program) allowing each participating Columbia Fund (each, a Participating Fund) to lend money directly to and, except for closed-end funds and money market funds, borrow money directly from other Participating Funds for temporary purposes. The amounts eligible for borrowing and lending under the Interfund Program are subject to certain restrictions.

Interfund loans are subject to the risk that the borrowing fund could be unable to repay the loan when due, and a delay in repayment to the lending fund could result in lost opportunities and/or additional lending costs. The exemptive order is subject to conditions intended to mitigate conflicts of interest arising from the Investment Manager's relationship with each Participating Fund.

The Fund did not borrow or lend money under the Interfund Program during the six months ended February 28, 2026.

Note 8. Line of credit

The Fund has access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. whereby the Fund may borrow for the temporary funding of shareholder redemptions or for other temporary or emergency purposes. Pursuant to an October 23, 2025 amendment and restatement, the credit facility, which is an agreement between the Fund and certain other funds managed by the Investment Manager or an affiliated investment manager, severally and not jointly, permits aggregate borrowings up to $750 million. Interest is currently charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case. Each borrowing under the credit facility matures no later than 60 days after the date of borrowing. The Fund also pays a commitment fee equal to its pro rata share of the unused amount of the credit facility at a rate of 0.15% per annum. The commitment fee is included in other expenses in the Statement of Operations. This agreement expires annually in October unless extended or renewed. Prior to the October 23, 2025 amendment and restatement, the Fund had access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. which permitted collective borrowings up to $900 million. Interest was charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case.

The Fund had no borrowings during the six months ended February 28, 2026.

Note 9. Risks and uncertainties

An investment in the Fund involves risks, including market risk and concentration risk, among others. The value of the Fund's holdings and the Fund's net asset value may go down. These declines may be due to factors affecting a particular issuer, or the result of, among other things, political, regulatory, market, economic or social developments affecting the relevant market(s) more generally.

Global economies and financial markets are increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances,

Columbia Integrated Small Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

such risks might affect companies worldwide. As a result, local, regional or global events such as terrorism, war, other conflicts, natural disasters, disease/virus outbreaks and epidemics or other public health issues, recessions, depressions or other events – or the potential for such events – could have a significant negative impact on global economic and market conditions.

To the extent that the Fund concentrates its investment in particular issuers, countries, geographic regions, industries or sectors, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of issuers, countries, geographic regions, industries, sectors or investments.

Additional risk factors of the Fund are described more fully in the Fund's Prospectus and Statement of Additional Information.

**Shareholder concentration risk** 

At February 28, 2026, one unaffiliated shareholder of record owned 30.1% of the outstanding shares of the Fund in one or more accounts. The Fund has no knowledge about whether any portion of those shares was owned beneficially. Fund shares sold to or redeemed by concentrated accounts may have a significant effect on the operations of the Fund. In the case of a large redemption, the Fund may be forced to sell investments at inopportune times, including its liquid positions, which may result in Fund losses and the Fund holding a higher percentage of less liquid positions. Large redemptions could result in decreased economies of scale and increased operating expenses for non-redeeming Fund shareholders.

Note 10. Subsequent events

Management has evaluated the events and transactions that have occurred through the date the financial statements were issued and noted no items requiring adjustment of the financial statements or additional disclosure.

Note 11. Information regarding pending and settled legal proceedings

Ameriprise Financial and certain of its affiliates are involved, in the normal course of business, in legal proceedings that include regulatory inquiries, arbitration and litigation (including class actions) concerning matters arising in connection with the conduct of their activities as part of a diversified financial services firm. Ameriprise Financial believes that the Fund is not currently the subject of, and that neither Ameriprise Financial nor any of its affiliates are the subject of, any pending legal, arbitration or regulatory proceedings that are likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund. Ameriprise Financial is required to make quarterly (10-Q), annual (10-K) and, as necessary, 8-K filings with the Securities and Exchange Commission (SEC) on legal and regulatory matters that relate to Ameriprise Financial and its affiliates. Copies of these filings may be obtained by accessing the SEC website at www.sec.gov.

There can be no assurance that these matters, or the adverse publicity associated with them, will not result in increased Fund redemptions, reduced sale of Fund shares or other adverse consequences to the Fund. Further, although we believe proceedings are not likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund, these proceedings are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss that may result from such matters. An adverse outcome in one or more of these proceedings could result in adverse judgments, settlements, fines, penalties or other relief, and may lead to further claims, examinations, adverse publicity or reputational damage, each of which could have a material adverse effect on the consolidated financial condition or results of operations or financial condition of Ameriprise Financial or one or more of its affiliates that provide services to the Fund.

Columbia Integrated Small Cap Growth Fund \| 2026

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**Columbia Integrated Small Cap Growth Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g24083img4642d5822.jpg)

**Please read and consider the investment objectives, risks, charges and expenses for any fund carefully before investing. For a prospectus and summary prospectus, which contains this and other important information about the Fund, go to** 

columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.

Columbia Threadneedle Investments<sup>®</sup> (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.© 2026 Columbia Management Investment Advisers, LLC.

columbiathreadneedleus.com/investor/

SAR318_08_T01_(04/26)

------

![](g24083imgdbadbf8e1.jpg)

Columbia Ultra Short Duration Municipal Bond Fund

**Semi-Annual Financial Statements and Additional Information**

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Not FDIC or NCUA Insured** | **No Financial Institution Guarantee** | **May Lose Value** |

---

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [Portfolio of Investments](#xx_dd56385d-2328-4b95-baf9-8b672fd221e1_POI-CommonContent-Date-862_1) | 3 |
| [Statement of Assets and Liabilities](#xx_dd56385d-2328-4b95-baf9-8b672fd221e1_FS-CommonContent-Date-862_1) | 9 |
| [Statement of Operations](#xx_dd56385d-2328-4b95-baf9-8b672fd221e1_FS-CommonContent-Date-862_2) | 10 |
| [Statement of Changes in Net Assets](#xx_dd56385d-2328-4b95-baf9-8b672fd221e1_FS-CommonContent-Date-862_3) | 11 |
| [Financial Highlights](#xx_dd56385d-2328-4b95-baf9-8b672fd221e1_FIHI-CommonContent-Date-862_1) | 12 |
| [Notes to Financial Statements](#xx_dd56385d-2328-4b95-baf9-8b672fd221e1_NTF-CommonContent-Date-862_1) | 14 |

---

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Portfolio of Investments

February 28, 2026 (Unaudited)

(Percentages represent value of investments compared to net assets)

**Investments in securities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Floating Rate Notes 3.3%** | **Floating Rate Notes 3.3%** | **Floating Rate Notes 3.3%** | **Floating Rate Notes 3.3%** |
| **Issue Description** | **Yield** | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **New York 3.3%** | **New York 3.3%** | **New York 3.3%** | **New York 3.3%** |
| City of New York<sup>(a),(b)</sup>  | City of New York<sup>(a),(b)</sup>  | City of New York<sup>(a),(b)</sup>  | City of New York<sup>(a),(b)</sup>  |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2016 (Landesbank Hessen-Thüringen) | Series 2016 (Landesbank Hessen-Thüringen) | Series 2016 (Landesbank Hessen-Thüringen) | Series 2016 (Landesbank Hessen-Thüringen) |
| 08/01/2044 | &nbsp;&nbsp; 1.900% | 1000000 | &nbsp;&nbsp; 1000000 |
| New York City Transitional Finance Authority<sup>(a),(b)</sup>  | New York City Transitional Finance Authority<sup>(a),(b)</sup>  | New York City Transitional Finance Authority<sup>(a),(b)</sup>  | New York City Transitional Finance Authority<sup>(a),(b)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Future Tax Secured | Future Tax Secured | Future Tax Secured | Future Tax Secured |
| Subordinated Series 2016 (JPMorgan Chase Bank) | Subordinated Series 2016 (JPMorgan Chase Bank) | Subordinated Series 2016 (JPMorgan Chase Bank) | Subordinated Series 2016 (JPMorgan Chase Bank) |
| 02/01/2045 | &nbsp;&nbsp; 1.900% | 300000 | &nbsp;&nbsp; 300000 |
| New York City Water & Sewer System<sup>(a),(b)</sup>  | New York City Water & Sewer System<sup>(a),(b)</sup>  | New York City Water & Sewer System<sup>(a),(b)</sup>  | New York City Water & Sewer System<sup>(a),(b)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| 2nd General Resolution | 2nd General Resolution | 2nd General Resolution | 2nd General Resolution |
| Series 2013DD-2 (JPMorgan Chase Bank) | Series 2013DD-2 (JPMorgan Chase Bank) | Series 2013DD-2 (JPMorgan Chase Bank) | Series 2013DD-2 (JPMorgan Chase Bank) |
| 06/15/2043 | &nbsp;&nbsp; 1.900% | 1375000 | &nbsp;&nbsp; 1375000 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2675000** |
| Total Floating Rate Notes <br>(Cost $2,675,000) | Total Floating Rate Notes <br>(Cost $2,675,000) | Total Floating Rate Notes <br>(Cost $2,675,000) | &nbsp;&nbsp; **2675000** |
| **Municipal Bonds 78.2%** | **Municipal Bonds 78.2%** | **Municipal Bonds 78.2%** | **Municipal Bonds 78.2%** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Alabama 2.7%** | **Alabama 2.7%** | **Alabama 2.7%** | **Alabama 2.7%** |
| Black Belt Energy Gas District | Black Belt Energy Gas District | Black Belt Energy Gas District | Black Belt Energy Gas District |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Series 2024C (Mandatory Put 07/01/31) | Series 2024C (Mandatory Put 07/01/31) | Series 2024C (Mandatory Put 07/01/31) | Series 2024C (Mandatory Put 07/01/31) |
| 05/01/2055 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1084127 |
| Southeast Energy Authority A Cooperative District | Southeast Energy Authority A Cooperative District | Southeast Energy Authority A Cooperative District | Southeast Energy Authority A Cooperative District |
| Series 2025E | Series 2025E | Series 2025E | Series 2025E |
| 10/01/2030 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1089821 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2173948** |
| **Arizona 2.3%** | **Arizona 2.3%** | **Arizona 2.3%** | **Arizona 2.3%** |
| Arizona Board of Regents<sup>(c)</sup>  | Arizona Board of Regents<sup>(c)</sup>  | Arizona Board of Regents<sup>(c)</sup>  | Arizona Board of Regents<sup>(c)</sup>  |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Arizona State University | Arizona State University | Arizona State University | Arizona State University |
| Series 2026 | Series 2026 | Series 2026 | Series 2026 |
| 07/01/2028 | &nbsp;&nbsp; 5.000% | 345000 | &nbsp;&nbsp; 367140 |
| Chandler Industrial Development Authority<sup>(d)</sup>  | Chandler Industrial Development Authority<sup>(d)</sup>  | Chandler Industrial Development Authority<sup>(d)</sup>  | Chandler Industrial Development Authority<sup>(d)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Intel Corp. Project | Intel Corp. Project | Intel Corp. Project | Intel Corp. Project |
| Series 2022 (Mandatory Put 09/01/27) | Series 2022 (Mandatory Put 09/01/27) | Series 2022 (Mandatory Put 09/01/27) | Series 2022 (Mandatory Put 09/01/27) |
| 09/01/2052 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1021203 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| City of Phoenix Civic Improvement Corp.<sup>(d)</sup>  | City of Phoenix Civic Improvement Corp.<sup>(d)</sup>  | City of Phoenix Civic Improvement Corp.<sup>(d)</sup>  | City of Phoenix Civic Improvement Corp.<sup>(d)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Series 2017A | Series 2017A | Series 2017A | Series 2017A |
| 07/01/2026 | &nbsp;&nbsp; 5.000% | 500000 | &nbsp;&nbsp; 504048 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1892391** |
| **California 6.0%** | **California 6.0%** | **California 6.0%** | **California 6.0%** |
| City of Los Angeles Department of Airports<sup>(d)</sup>  | City of Los Angeles Department of Airports<sup>(d)</sup>  | City of Los Angeles Department of Airports<sup>(d)</sup>  | City of Los Angeles Department of Airports<sup>(d)</sup>  |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Los Angeles International Airport | Los Angeles International Airport | Los Angeles International Airport | Los Angeles International Airport |
| Subordinated Series 2022 | Subordinated Series 2022 | Subordinated Series 2022 | Subordinated Series 2022 |
| 05/15/2029 | &nbsp;&nbsp; 5.000% | 1415000 | &nbsp;&nbsp; 1530032 |
| Los Angeles Department of Water & Power | Los Angeles Department of Water & Power | Los Angeles Department of Water & Power | Los Angeles Department of Water & Power |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Series 2026D | Series 2026D | Series 2026D | Series 2026D |
| 07/01/2027 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1037423 |
| Los Angeles Department of Water & Power Water System | Los Angeles Department of Water & Power Water System | Los Angeles Department of Water & Power Water System | Los Angeles Department of Water & Power Water System |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Series 2025C | Series 2025C | Series 2025C | Series 2025C |
| 07/01/2028 | &nbsp;&nbsp; 5.000% | 310000 | &nbsp;&nbsp; 329183 |
| San Francisco City & County Airport Commission<sup>(d)</sup>  | San Francisco City & County Airport Commission<sup>(d)</sup>  | San Francisco City & County Airport Commission<sup>(d)</sup>  | San Francisco City & County Airport Commission<sup>(d)</sup>  |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Second Series 2018 | Second Series 2018 | Second Series 2018 | Second Series 2018 |
| 05/01/2027 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1027806 |
| William S Hart Union High School District<sup>(e)</sup>  | William S Hart Union High School District<sup>(e)</sup>  | William S Hart Union High School District<sup>(e)</sup>  | William S Hart Union High School District<sup>(e)</sup>  |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| 2001 Election | 2001 Election | 2001 Election | 2001 Election |
| Series 2005B (AGM) | Series 2005B (AGM) | Series 2005B (AGM) | Series 2005B (AGM) |
| 09/01/2026 | &nbsp;&nbsp; 0.000% | 1000000 | &nbsp;&nbsp; 988017 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4912461** |
| **Colorado 5.6%** | **Colorado 5.6%** | **Colorado 5.6%** | **Colorado 5.6%** |
| Adams & Arapahoe Joint School District 28J Aurora | Adams & Arapahoe Joint School District 28J Aurora | Adams & Arapahoe Joint School District 28J Aurora | Adams & Arapahoe Joint School District 28J Aurora |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 12/01/2026 | &nbsp;&nbsp; 5.500% | 1000000 | &nbsp;&nbsp; 1025552 |
| City & County of Denver Airport System<sup>(d)</sup>  | City & County of Denver Airport System<sup>(d)</sup>  | City & County of Denver Airport System<sup>(d)</sup>  | City & County of Denver Airport System<sup>(d)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Subordinated Series 2023 | Subordinated Series 2023 | Subordinated Series 2023 | Subordinated Series 2023 |
| 11/15/2027 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1042161 |
| Colorado Housing and Finance Authority | Colorado Housing and Finance Authority | Colorado Housing and Finance Authority | Colorado Housing and Finance Authority |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Multi-Family Project Bond | Multi-Family Project Bond | Multi-Family Project Bond | Multi-Family Project Bond |
| Series 2024I | Series 2024I | Series 2024I | Series 2024I |
| 10/01/2027 | &nbsp;&nbsp; 3.100% | 2000000 | &nbsp;&nbsp; 2017712 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| E-470 Public Highway Authority<sup>(f)</sup>  | E-470 Public Highway Authority<sup>(f)</sup>  | E-470 Public Highway Authority<sup>(f)</sup>  | E-470 Public Highway Authority<sup>(f)</sup>  |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Series 2024B (Mandatory Put 09/01/26) | Series 2024B (Mandatory Put 09/01/26) | Series 2024B (Mandatory Put 09/01/26) | Series 2024B (Mandatory Put 09/01/26) |
| 0.7 x SOFR + 0.750% <br>09/01/2039<br>| &nbsp;&nbsp; 3.209% | 500000 | &nbsp;&nbsp; 499317 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4584742** |
| **Connecticut 1.6%** | **Connecticut 1.6%** | **Connecticut 1.6%** | **Connecticut 1.6%** |
| State of Connecticut Special Tax Revenue | State of Connecticut Special Tax Revenue | State of Connecticut Special Tax Revenue | State of Connecticut Special Tax Revenue |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Transportation Infrastructure | Transportation Infrastructure | Transportation Infrastructure | Transportation Infrastructure |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 07/01/2027 | &nbsp;&nbsp; 5.000% | 1250000 | &nbsp;&nbsp; 1298036 |
| **District of Columbia 1.6%** | **District of Columbia 1.6%** | **District of Columbia 1.6%** | **District of Columbia 1.6%** |
| District of Columbia<sup>(c)</sup>  | District of Columbia<sup>(c)</sup>  | District of Columbia<sup>(c)</sup>  | District of Columbia<sup>(c)</sup>  |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2026A | Series 2026A | Series 2026A | Series 2026A |
| 06/01/2028 | &nbsp;&nbsp; 5.000% | 250000 | &nbsp;&nbsp; 266071 |
| Metropolitan Washington Airports Authority Aviation<sup>(d)</sup>  | Metropolitan Washington Airports Authority Aviation<sup>(d)</sup>  | Metropolitan Washington Airports Authority Aviation<sup>(d)</sup>  | Metropolitan Washington Airports Authority Aviation<sup>(d)</sup>  |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Series 2024A | Series 2024A | Series 2024A | Series 2024A |
| 10/01/2026 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1015434 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1281505** |
| **Florida 4.8%** | **Florida 4.8%** | **Florida 4.8%** | **Florida 4.8%** |
| Brevard County Health Facilities Authority | Brevard County Health Facilities Authority | Brevard County Health Facilities Authority | Brevard County Health Facilities Authority |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Health First Obligated Group | Health First Obligated Group | Health First Obligated Group | Health First Obligated Group |
| Series 2024 | Series 2024 | Series 2024 | Series 2024 |
| 04/01/2028 | &nbsp;&nbsp; 5.000% | 750000 | &nbsp;&nbsp; 789942 |
| County of Broward Airport System<sup>(d)</sup>  | County of Broward Airport System<sup>(d)</sup>  | County of Broward Airport System<sup>(d)</sup>  | County of Broward Airport System<sup>(d)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Series 2019G (AMBAC) | Series 2019G (AMBAC) | Series 2019G (AMBAC) | Series 2019G (AMBAC) |
| 10/01/2027 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1037775 |
| Greater Orlando Aviation Authority<sup>(d)</sup>  | Greater Orlando Aviation Authority<sup>(d)</sup>  | Greater Orlando Aviation Authority<sup>(d)</sup>  | Greater Orlando Aviation Authority<sup>(d)</sup>  |
| Prerefunded 10/01/27 Revenue Bonds | Prerefunded 10/01/27 Revenue Bonds | Prerefunded 10/01/27 Revenue Bonds | Prerefunded 10/01/27 Revenue Bonds |
| Subordinated Series 2017A | Subordinated Series 2017A | Subordinated Series 2017A | Subordinated Series 2017A |
| 10/01/2030 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1038376 |
| Miami-Dade County Housing Finance Authority | Miami-Dade County Housing Finance Authority | Miami-Dade County Housing Finance Authority | Miami-Dade County Housing Finance Authority |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| St. Mary Towers Apartments | St. Mary Towers Apartments | St. Mary Towers Apartments | St. Mary Towers Apartments |
| Series 2024 (FHA HUD) (Mandatory Put 10/01/26) | Series 2024 (FHA HUD) (Mandatory Put 10/01/26) | Series 2024 (FHA HUD) (Mandatory Put 10/01/26) | Series 2024 (FHA HUD) (Mandatory Put 10/01/26) |
| 04/01/2041 | &nbsp;&nbsp; 3.400% | 1000000 | &nbsp;&nbsp; 1000417 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3866510** |
| **Illinois 1.2%** | **Illinois 1.2%** | **Illinois 1.2%** | **Illinois 1.2%** |
| State of Illinois | State of Illinois | State of Illinois | State of Illinois |
| Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds |
| Series 2022B | Series 2022B | Series 2022B | Series 2022B |
| 03/01/2026 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1000120 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Iowa 1.2%** | **Iowa 1.2%** | **Iowa 1.2%** | **Iowa 1.2%** |
| Guthrie County Hospital | Guthrie County Hospital | Guthrie County Hospital | Guthrie County Hospital |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| BAN Series 2026 | BAN Series 2026 | BAN Series 2026 | BAN Series 2026 |
| 02/01/2029 | &nbsp;&nbsp; 4.500% | 1000000 | &nbsp;&nbsp; 1010270 |
| **Kentucky 1.3%** | **Kentucky 1.3%** | **Kentucky 1.3%** | **Kentucky 1.3%** |
| Kentucky Public Energy Authority<sup>(b)</sup>  | Kentucky Public Energy Authority<sup>(b)</sup>  | Kentucky Public Energy Authority<sup>(b)</sup>  | Kentucky Public Energy Authority<sup>(b)</sup>  |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Series 2025A (Mandatory Put 12/01/29) | Series 2025A (Mandatory Put 12/01/29) | Series 2025A (Mandatory Put 12/01/29) | Series 2025A (Mandatory Put 12/01/29) |
| 06/01/2055 | &nbsp;&nbsp; 5.250% | 1000000 | &nbsp;&nbsp; 1080780 |
| **Maryland 2.6%** | **Maryland 2.6%** | **Maryland 2.6%** | **Maryland 2.6%** |
| State of Maryland | State of Maryland | State of Maryland | State of Maryland |
| Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds |
| Series 2025B | Series 2025B | Series 2025B | Series 2025B |
| 08/01/2028 | &nbsp;&nbsp; 5.000% | 2000000 | &nbsp;&nbsp; 2137708 |
| **Massachusetts 1.6%** | **Massachusetts 1.6%** | **Massachusetts 1.6%** | **Massachusetts 1.6%** |
| City of Quincy | City of Quincy | City of Quincy | City of Quincy |
| Limited General Obligation Notes | Limited General Obligation Notes | Limited General Obligation Notes | Limited General Obligation Notes |
| BAN Series 2025 | BAN Series 2025 | BAN Series 2025 | BAN Series 2025 |
| 07/24/2026 | &nbsp;&nbsp; 5.000% | 985000 | &nbsp;&nbsp; 995112 |
| Massachusetts Housing Finance Agency | Massachusetts Housing Finance Agency | Massachusetts Housing Finance Agency | Massachusetts Housing Finance Agency |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Sustainable Bonds | Sustainable Bonds | Sustainable Bonds | Sustainable Bonds |
| Series 2025C-3 | Series 2025C-3 | Series 2025C-3 | Series 2025C-3 |
| 12/01/2029 | &nbsp;&nbsp; 3.100% | 325000 | &nbsp;&nbsp; 328227 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1323339** |
| **Minnesota 2.4%** | **Minnesota 2.4%** | **Minnesota 2.4%** | **Minnesota 2.4%** |
| State of Minnesota | State of Minnesota | State of Minnesota | State of Minnesota |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2021A | Series 2021A | Series 2021A | Series 2021A |
| 09/01/2028 | &nbsp;&nbsp; 5.000% | 1815000 | &nbsp;&nbsp; 1940512 |
| **Missouri 1.3%** | **Missouri 1.3%** | **Missouri 1.3%** | **Missouri 1.3%** |
| City of St. Louis Airport<sup>(d)</sup>  | City of St. Louis Airport<sup>(d)</sup>  | City of St. Louis Airport<sup>(d)</sup>  | City of St. Louis Airport<sup>(d)</sup>  |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Series 2017B (AGM) | Series 2017B (AGM) | Series 2017B (AGM) | Series 2017B (AGM) |
| 07/01/2027 | &nbsp;&nbsp; 5.000% | 1005000 | &nbsp;&nbsp; 1036894 |
| **Nevada 1.3%** | **Nevada 1.3%** | **Nevada 1.3%** | **Nevada 1.3%** |
| County of Clark Department of Aviation<sup>(d)</sup>  | County of Clark Department of Aviation<sup>(d)</sup>  | County of Clark Department of Aviation<sup>(d)</sup>  | County of Clark Department of Aviation<sup>(d)</sup>  |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Junior Subordinated Series 2021B | Junior Subordinated Series 2021B | Junior Subordinated Series 2021B | Junior Subordinated Series 2021B |
| 07/01/2027 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1032800 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **New Hampshire 0.9%** | **New Hampshire 0.9%** | **New Hampshire 0.9%** | **New Hampshire 0.9%** |
| New Hampshire Health and Education Facilities Authority Act | New Hampshire Health and Education Facilities Authority Act | New Hampshire Health and Education Facilities Authority Act | New Hampshire Health and Education Facilities Authority Act |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Series 2024B (Mandatory Put 08/03/27) | Series 2024B (Mandatory Put 08/03/27) | Series 2024B (Mandatory Put 08/03/27) | Series 2024B (Mandatory Put 08/03/27) |
| 06/01/2040 | &nbsp;&nbsp; 3.300% | 750000 | &nbsp;&nbsp; 755440 |
| **New Jersey 3.7%** | **New Jersey 3.7%** | **New Jersey 3.7%** | **New Jersey 3.7%** |
| Camden County Improvement Authority (The) | Camden County Improvement Authority (The) | Camden County Improvement Authority (The) | Camden County Improvement Authority (The) |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Northgate I Apartment Project | Northgate I Apartment Project | Northgate I Apartment Project | Northgate I Apartment Project |
| Series 2024 (FHA) (Mandatory Put 03/01/26) | Series 2024 (FHA) (Mandatory Put 03/01/26) | Series 2024 (FHA) (Mandatory Put 03/01/26) | Series 2024 (FHA) (Mandatory Put 03/01/26) |
| 03/01/2027 | &nbsp;&nbsp; 5.000% | 975000 | &nbsp;&nbsp; 975000 |
| Monmouth County Improvement Authority (The)<sup>(c)</sup>  | Monmouth County Improvement Authority (The)<sup>(c)</sup>  | Monmouth County Improvement Authority (The)<sup>(c)</sup>  | Monmouth County Improvement Authority (The)<sup>(c)</sup>  |
| Revenue Notes | Revenue Notes | Revenue Notes | Revenue Notes |
| Governmental Pooled Loan Project | Governmental Pooled Loan Project | Governmental Pooled Loan Project | Governmental Pooled Loan Project |
| Series 2026 | Series 2026 | Series 2026 | Series 2026 |
| 03/12/2027 | &nbsp;&nbsp; 4.000% | 1000000 | &nbsp;&nbsp; 1017396 |
| New Jersey Housing & Mortgage Finance Agency | New Jersey Housing & Mortgage Finance Agency | New Jersey Housing & Mortgage Finance Agency | New Jersey Housing & Mortgage Finance Agency |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Subordinated Series 2025D-2 | Subordinated Series 2025D-2 | Subordinated Series 2025D-2 | Subordinated Series 2025D-2 |
| 11/01/2026 | &nbsp;&nbsp; 2.850% | 1000000 | &nbsp;&nbsp; 1002918 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2995314** |
| **New York 6.6%** | **New York 6.6%** | **New York 6.6%** | **New York 6.6%** |
| Lowville Academy Central School District | Lowville Academy Central School District | Lowville Academy Central School District | Lowville Academy Central School District |
| Unlimited General Obligation Notes | Unlimited General Obligation Notes | Unlimited General Obligation Notes | Unlimited General Obligation Notes |
| RANS | RANS | RANS | RANS |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 10/07/2026 | &nbsp;&nbsp; 4.000% | 500000 | &nbsp;&nbsp; 503006 |
| New York City Transitional Finance Authority | New York City Transitional Finance Authority | New York City Transitional Finance Authority | New York City Transitional Finance Authority |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Future Tax Secured | Future Tax Secured | Future Tax Secured | Future Tax Secured |
| Subordinated Series 2024 | Subordinated Series 2024 | Subordinated Series 2024 | Subordinated Series 2024 |
| 11/01/2027 | &nbsp;&nbsp; 5.000% | 750000 | &nbsp;&nbsp; 786449 |
| New York State Housing Finance Agency | New York State Housing Finance Agency | New York State Housing Finance Agency | New York State Housing Finance Agency |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Sustainable Bonds | Sustainable Bonds | Sustainable Bonds | Sustainable Bonds |
| Series 2025E (Mandatory Put 05/01/30) | Series 2025E (Mandatory Put 05/01/30) | Series 2025E (Mandatory Put 05/01/30) | Series 2025E (Mandatory Put 05/01/30) |
| 11/01/2065 | &nbsp;&nbsp; 3.150% | 1000000 | &nbsp;&nbsp; 1008098 |
| Port Authority of New York & New Jersey<sup>(d)</sup>  | Port Authority of New York & New Jersey<sup>(d)</sup>  | Port Authority of New York & New Jersey<sup>(d)</sup>  | Port Authority of New York & New Jersey<sup>(d)</sup>  |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Series 2024-246 | Series 2024-246 | Series 2024-246 | Series 2024-246 |
| 09/01/2026 | &nbsp;&nbsp; 5.000% | 2000000 | &nbsp;&nbsp; 2024261 |
| Town of Lloyd | Town of Lloyd | Town of Lloyd | Town of Lloyd |
| Limited General Obligation Notes | Limited General Obligation Notes | Limited General Obligation Notes | Limited General Obligation Notes |
| BAN Series 2026 | BAN Series 2026 | BAN Series 2026 | BAN Series 2026 |
| 02/05/2027 | &nbsp;&nbsp; 3.750% | 1000000 | &nbsp;&nbsp; 1006273 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5328087** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **North Carolina 1.2%** | **North Carolina 1.2%** | **North Carolina 1.2%** | **North Carolina 1.2%** |
| Cumberland County Industrial Facilities & Pollution Control Financing <br> Authority<sup>(b),(d)</sup>  | Cumberland County Industrial Facilities & Pollution Control Financing <br> Authority<sup>(b),(d)</sup>  | Cumberland County Industrial Facilities & Pollution Control Financing <br> Authority<sup>(b),(d)</sup>  | Cumberland County Industrial Facilities & Pollution Control Financing <br> Authority<sup>(b),(d)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Project Aero | Project Aero | Project Aero | Project Aero |
| Series 2025 (Mandatory Put 12/01/26) | Series 2025 (Mandatory Put 12/01/26) | Series 2025 (Mandatory Put 12/01/26) | Series 2025 (Mandatory Put 12/01/26) |
| 12/01/2027 | &nbsp;&nbsp; 3.125% | 1000000 | &nbsp;&nbsp; 1000760 |
| **Ohio 0.9%** | **Ohio 0.9%** | **Ohio 0.9%** | **Ohio 0.9%** |
| Ohio Higher Educational Facility Commission | Ohio Higher Educational Facility Commission | Ohio Higher Educational Facility Commission | Ohio Higher Educational Facility Commission |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Xavier University 2020 Project | Xavier University 2020 Project | Xavier University 2020 Project | Xavier University 2020 Project |
| Series 2020 | Series 2020 | Series 2020 | Series 2020 |
| 05/01/2027 | &nbsp;&nbsp; 5.000% | 735000 | &nbsp;&nbsp; 752027 |
| **Pennsylvania 3.9%** | **Pennsylvania 3.9%** | **Pennsylvania 3.9%** | **Pennsylvania 3.9%** |
| Commonwealth of Pennsylvania | Commonwealth of Pennsylvania | Commonwealth of Pennsylvania | Commonwealth of Pennsylvania |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2026 | Series 2026 | Series 2026 | Series 2026 |
| 04/01/2028 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1058196 |
| 04/01/2029 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1084414 |
| Pennsylvania Economic Development Financing Authority<sup>(d)</sup>  | Pennsylvania Economic Development Financing Authority<sup>(d)</sup>  | Pennsylvania Economic Development Financing Authority<sup>(d)</sup>  | Pennsylvania Economic Development Financing Authority<sup>(d)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Republic Services | Republic Services | Republic Services | Republic Services |
| Series 2019 (Mandatory Put 04/15/26) | Series 2019 (Mandatory Put 04/15/26) | Series 2019 (Mandatory Put 04/15/26) | Series 2019 (Mandatory Put 04/15/26) |
| 04/01/2034 | &nbsp;&nbsp; 3.250% | 1000000 | &nbsp;&nbsp; 1000175 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3142785** |
| **Rhode Island 1.3%** | **Rhode Island 1.3%** | **Rhode Island 1.3%** | **Rhode Island 1.3%** |
| Rhode Island Student Loan Authority<sup>(d)</sup>  | Rhode Island Student Loan Authority<sup>(d)</sup>  | Rhode Island Student Loan Authority<sup>(d)</sup>  | Rhode Island Student Loan Authority<sup>(d)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Series 2020A | Series 2020A | Series 2020A | Series 2020A |
| 12/01/2027 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1035442 |
| **Tennessee 1.3%** | **Tennessee 1.3%** | **Tennessee 1.3%** | **Tennessee 1.3%** |
| Tennessee Energy Acquisition Corp. | Tennessee Energy Acquisition Corp. | Tennessee Energy Acquisition Corp. | Tennessee Energy Acquisition Corp. |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Gas Project | Gas Project | Gas Project | Gas Project |
| Series 2023A-1 (Mandatory Put 05/01/28) | Series 2023A-1 (Mandatory Put 05/01/28) | Series 2023A-1 (Mandatory Put 05/01/28) | Series 2023A-1 (Mandatory Put 05/01/28) |
| 05/01/2053 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1044477 |
| **Texas 13.6%** | **Texas 13.6%** | **Texas 13.6%** | **Texas 13.6%** |
| Board of Regents of the University of Texas System | Board of Regents of the University of Texas System | Board of Regents of the University of Texas System | Board of Regents of the University of Texas System |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Series 2025A | Series 2025A | Series 2025A | Series 2025A |
| 08/15/2028 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1068459 |
| Clifton Higher Education Finance Corp. | Clifton Higher Education Finance Corp. | Clifton Higher Education Finance Corp. | Clifton Higher Education Finance Corp. |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| IDEA Public Schools | IDEA Public Schools | IDEA Public Schools | IDEA Public Schools |
| Series 2024 | Series 2024 | Series 2024 | Series 2024 |
| 08/15/2027 | &nbsp;&nbsp; 5.000% | 830000 | &nbsp;&nbsp; 860625 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Cypress-Fairbanks Independent School District | Cypress-Fairbanks Independent School District | Cypress-Fairbanks Independent School District | Cypress-Fairbanks Independent School District |
| Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds |
| Series 2026 | Series 2026 | Series 2026 | Series 2026 |
| 02/15/2028 | &nbsp;&nbsp; 5.000% | 800000 | &nbsp;&nbsp; 844825 |
| Dallas County Utility & Reclamation District | Dallas County Utility & Reclamation District | Dallas County Utility & Reclamation District | Dallas County Utility & Reclamation District |
| Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds |
| Series 2016 | Series 2016 | Series 2016 | Series 2016 |
| 02/15/2028 | &nbsp;&nbsp; 5.000% | 895000 | &nbsp;&nbsp; 938294 |
| Fort Bend Independent School District | Fort Bend Independent School District | Fort Bend Independent School District | Fort Bend Independent School District |
| Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds |
| Series 2025A | Series 2025A | Series 2025A | Series 2025A |
| 08/15/2026 | &nbsp;&nbsp; 5.000% | 525000 | &nbsp;&nbsp; 531803 |
| Fort Worth Independent School District | Fort Worth Independent School District | Fort Worth Independent School District | Fort Worth Independent School District |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2021A | Series 2021A | Series 2021A | Series 2021A |
| 02/15/2029 | &nbsp;&nbsp; 5.000% | 1400000 | &nbsp;&nbsp; 1513144 |
| Frisco Independent School District | Frisco Independent School District | Frisco Independent School District | Frisco Independent School District |
| Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds |
| Series 2025A | Series 2025A | Series 2025A | Series 2025A |
| 02/15/2028 | &nbsp;&nbsp; 5.000% | 500000 | &nbsp;&nbsp; 527819 |
| Lower Colorado River Authority | Lower Colorado River Authority | Lower Colorado River Authority | Lower Colorado River Authority |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| LCRA Transmission Services Corp. Project | LCRA Transmission Services Corp. Project | LCRA Transmission Services Corp. Project | LCRA Transmission Services Corp. Project |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 05/15/2028 | &nbsp;&nbsp; 5.000% | 1000000 | &nbsp;&nbsp; 1060245 |
| Manor Housing Public Facility Corp. | Manor Housing Public Facility Corp. | Manor Housing Public Facility Corp. | Manor Housing Public Facility Corp. |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Tower Road Apartments | Tower Road Apartments | Tower Road Apartments | Tower Road Apartments |
| Series 2024 (FHA HUD) (Mandatory Put 05/01/28) | Series 2024 (FHA HUD) (Mandatory Put 05/01/28) | Series 2024 (FHA HUD) (Mandatory Put 05/01/28) | Series 2024 (FHA HUD) (Mandatory Put 05/01/28) |
| 11/01/2042 | &nbsp;&nbsp; 3.400% | 1000000 | &nbsp;&nbsp; 1011982 |
| North Texas Municipal Water District Water System | North Texas Municipal Water District Water System | North Texas Municipal Water District Water System | North Texas Municipal Water District Water System |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 09/01/2027 | &nbsp;&nbsp; 5.000% | 150000 | &nbsp;&nbsp; 156493 |
| Pasadena Independent School District | Pasadena Independent School District | Pasadena Independent School District | Pasadena Independent School District |
| Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds |
| Series 2023B | Series 2023B | Series 2023B | Series 2023B |
| 02/15/2027 | &nbsp;&nbsp; 5.000% | 1250000 | &nbsp;&nbsp; 1283967 |
| State of Texas | State of Texas | State of Texas | State of Texas |
| Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 10/01/2029 | &nbsp;&nbsp; 5.000% | 500000 | &nbsp;&nbsp; 550072 |
| Texas Home Collaborative | Texas Home Collaborative | Texas Home Collaborative | Texas Home Collaborative |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| 1518 Apartments | 1518 Apartments | 1518 Apartments | 1518 Apartments |
| Series 2023 (FHA) (Mandatory Put 10/01/26) | Series 2023 (FHA) (Mandatory Put 10/01/26) | Series 2023 (FHA) (Mandatory Put 10/01/26) | Series 2023 (FHA) (Mandatory Put 10/01/26) |
| 10/01/2041 | &nbsp;&nbsp; 5.000% | 750000 | &nbsp;&nbsp; 753543 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **11101271** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Virginia 3.9%** | **Virginia 3.9%** | **Virginia 3.9%** | **Virginia 3.9%** |
| Fairfax County Redevelopment & Housing Authority<sup>(b)</sup>  | Fairfax County Redevelopment & Housing Authority<sup>(b)</sup>  | Fairfax County Redevelopment & Housing Authority<sup>(b)</sup>  | Fairfax County Redevelopment & Housing Authority<sup>(b)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Dominion Square North Project | Dominion Square North Project | Dominion Square North Project | Dominion Square North Project |
| Series 2023 (Mandatory Put 01/01/28) | Series 2023 (Mandatory Put 01/01/28) | Series 2023 (Mandatory Put 01/01/28) | Series 2023 (Mandatory Put 01/01/28) |
| 01/01/2045 | &nbsp;&nbsp; 5.000% | 2000000 | &nbsp;&nbsp; 2060634 |
| Virginia Port Authority<sup>(d)</sup>  | Virginia Port Authority<sup>(d)</sup>  | Virginia Port Authority<sup>(d)</sup>  | Virginia Port Authority<sup>(d)</sup>  |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Series 2016B Escrowed to Maturity | Series 2016B Escrowed to Maturity | Series 2016B Escrowed to Maturity | Series 2016B Escrowed to Maturity |
| 07/01/2026 | &nbsp;&nbsp; 5.000% | 1100000 | &nbsp;&nbsp; 1108313 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3168947** |
| **Washington 1.5%** | **Washington 1.5%** | **Washington 1.5%** | **Washington 1.5%** |
| Port of Seattle<sup>(d)</sup>  | Port of Seattle<sup>(d)</sup>  | Port of Seattle<sup>(d)</sup>  | Port of Seattle<sup>(d)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Series 2025B | Series 2025B | Series 2025B | Series 2025B |
| 10/01/2028 | &nbsp;&nbsp; 5.000% | 250000 | &nbsp;&nbsp; 266179 |
| State of Washington<sup>(e)</sup>  | State of Washington<sup>(e)</sup>  | State of Washington<sup>(e)</sup>  | State of Washington<sup>(e)</sup>  |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2007E | Series 2007E | Series 2007E | Series 2007E |
| 12/01/2027 | &nbsp;&nbsp; 0.000% | 1000000 | &nbsp;&nbsp; 960693 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1226872** |
| **Wisconsin 1.9%** | **Wisconsin 1.9%** | **Wisconsin 1.9%** | **Wisconsin 1.9%** |
| State of Wisconsin | State of Wisconsin | State of Wisconsin | State of Wisconsin |
| Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds | Unlimited General Obligation Refunding Bonds |
| Series 2024-2 | Series 2024-2 | Series 2024-2 | Series 2024-2 |
| 05/01/2027 | &nbsp;&nbsp; 5.000% | 1500000 | &nbsp;&nbsp; 1550490 |
| Total Municipal Bonds <br>(Cost $63,244,163) | Total Municipal Bonds <br>(Cost $63,244,163) | Total Municipal Bonds <br>(Cost $63,244,163) | &nbsp;&nbsp; **63673928** |
| **Municipal Short Term 13.6%** | **Municipal Short Term 13.6%** | **Municipal Short Term 13.6%** | **Municipal Short Term 13.6%** |
| **Issue Description** | **Yield** | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **California 1.0%** | **California 1.0%** | **California 1.0%** | **California 1.0%** |
| City of Los Angeles | City of Los Angeles | City of Los Angeles | City of Los Angeles |
| Revenue Notes | Revenue Notes | Revenue Notes | Revenue Notes |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 06/25/2026 | &nbsp;&nbsp; 2.260% | 800000 | &nbsp;&nbsp; 806951 |
| **Colorado 1.1%** | **Colorado 1.1%** | **Colorado 1.1%** | **Colorado 1.1%** |
| Colorado State Education Loan Program | Colorado State Education Loan Program | Colorado State Education Loan Program | Colorado State Education Loan Program |
| Revenue Notes | Revenue Notes | Revenue Notes | Revenue Notes |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 06/30/2026 | &nbsp;&nbsp; 2.350% | 870000 | &nbsp;&nbsp; 877630 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Short Term (continued)** | **Municipal Short Term (continued)** | **Municipal Short Term (continued)** | **Municipal Short Term (continued)** |
| **Issue Description** | **Yield** | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Indiana 0.1%** | **Indiana 0.1%** | **Indiana 0.1%** | **Indiana 0.1%** |
| Indiana Finance Authority<sup>(b),(d)</sup>  | Indiana Finance Authority<sup>(b),(d)</sup>  | Indiana Finance Authority<sup>(b),(d)</sup>  | Indiana Finance Authority<sup>(b),(d)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Republic Services, Inc. Project | Republic Services, Inc. Project | Republic Services, Inc. Project | Republic Services, Inc. Project |
| Series 2012 (Mandatory Put 03/02/26) | Series 2012 (Mandatory Put 03/02/26) | Series 2012 (Mandatory Put 03/02/26) | Series 2012 (Mandatory Put 03/02/26) |
| 05/01/2028 | &nbsp;&nbsp; 3.450% | 125000 | &nbsp;&nbsp; 125000 |
| **Massachusetts 2.0%** | **Massachusetts 2.0%** | **Massachusetts 2.0%** | **Massachusetts 2.0%** |
| City of Fall River | City of Fall River | City of Fall River | City of Fall River |
| Limited General Obligation Notes | Limited General Obligation Notes | Limited General Obligation Notes | Limited General Obligation Notes |
| Series 2026 | Series 2026 | Series 2026 | Series 2026 |
| 01/29/2027 | &nbsp;&nbsp; 2.440% | 1583000 | &nbsp;&nbsp; 1605172 |
| **Mississippi 1.2%** | **Mississippi 1.2%** | **Mississippi 1.2%** | **Mississippi 1.2%** |
| Mississippi Business Finance Corp.<sup>(d)</sup>  | Mississippi Business Finance Corp.<sup>(d)</sup>  | Mississippi Business Finance Corp.<sup>(d)</sup>  | Mississippi Business Finance Corp.<sup>(d)</sup>  |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Waste Management, Inc. Project | Waste Management, Inc. Project | Waste Management, Inc. Project | Waste Management, Inc. Project |
| Series 2019 | Series 2019 | Series 2019 | Series 2019 |
| 03/01/2027 | &nbsp;&nbsp; 3.170% | 1000000 | &nbsp;&nbsp; 1010674 |
| **New Jersey 1.2%** | **New Jersey 1.2%** | **New Jersey 1.2%** | **New Jersey 1.2%** |
| City of Newark | City of Newark | City of Newark | City of Newark |
| Limited General Obligation Notes | Limited General Obligation Notes | Limited General Obligation Notes | Limited General Obligation Notes |
| BAN Series 2025 | BAN Series 2025 | BAN Series 2025 | BAN Series 2025 |
| 05/07/2026 | &nbsp;&nbsp; 2.880% | 1000000 | &nbsp;&nbsp; 1002924 |
| **New York 3.5%** | **New York 3.5%** | **New York 3.5%** | **New York 3.5%** |
| Frankfort-Schuyler Central School District | Frankfort-Schuyler Central School District | Frankfort-Schuyler Central School District | Frankfort-Schuyler Central School District |
| Unlimited General Obligation Notes | Unlimited General Obligation Notes | Unlimited General Obligation Notes | Unlimited General Obligation Notes |
| Series 2026 | Series 2026 | Series 2026 | Series 2026 |
| 07/31/2026 | &nbsp;&nbsp; 3.020% | 1000000 | &nbsp;&nbsp; 1004066 |
| Town of Potsdam | Town of Potsdam | Town of Potsdam | Town of Potsdam |
| Limited General Obligation Notes | Limited General Obligation Notes | Limited General Obligation Notes | Limited General Obligation Notes |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 07/23/2026 | &nbsp;&nbsp; 2.970% | 835000 | &nbsp;&nbsp; 838199 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Short Term (continued)** | **Municipal Short Term (continued)** | **Municipal Short Term (continued)** | **Municipal Short Term (continued)** |
| **Issue Description** | **Yield** | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Village of Bergen | Village of Bergen | Village of Bergen | Village of Bergen |
| Unlimited General Obligation Notes | Unlimited General Obligation Notes | Unlimited General Obligation Notes | Unlimited General Obligation Notes |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 08/27/2026 | &nbsp;&nbsp; 2.960% | 1000000 | &nbsp;&nbsp; 1004822 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2847087** |
| **Ohio 1.6%** | **Ohio 1.6%** | **Ohio 1.6%** | **Ohio 1.6%** |
| Olentangy Local School District<sup>(c)</sup>  | Olentangy Local School District<sup>(c)</sup>  | Olentangy Local School District<sup>(c)</sup>  | Olentangy Local School District<sup>(c)</sup>  |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2026 | Series 2026 | Series 2026 | Series 2026 |
| 12/01/2026 | &nbsp;&nbsp; 2.130% | 1300000 | &nbsp;&nbsp; 1327963 |
| **Wisconsin 1.9%** | **Wisconsin 1.9%** | **Wisconsin 1.9%** | **Wisconsin 1.9%** |
| PMA Levy & Aid Anticipation Notes Program | PMA Levy & Aid Anticipation Notes Program | PMA Levy & Aid Anticipation Notes Program | PMA Levy & Aid Anticipation Notes Program |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Series 2025 | Series 2025 | Series 2025 | Series 2025 |
| 09/24/2026 | &nbsp;&nbsp; 2.640% | 1500000 | &nbsp;&nbsp; 1519633 |
| Total Municipal Short Term <br>(Cost $11,105,111) | Total Municipal Short Term <br>(Cost $11,105,111) | Total Municipal Short Term <br>(Cost $11,105,111) | &nbsp;&nbsp; **11123034** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Money Market Funds 7.6%** | **Money Market Funds 7.6%** | **Money Market Funds 7.6%** |
|  | **Shares** | **Value ($)** |
| BlackRock Liquidity Funds MuniCash, Institutional <br> Shares, 1.722%<sup>(g)</sup> <br>| &nbsp;&nbsp; 6173535 | &nbsp;&nbsp; 6174153 |
| Total Money Market Funds <br>(Cost $6,173,535) | Total Money Market Funds <br>(Cost $6,173,535) | &nbsp;&nbsp; **6174153** |
| **Total Investments in Securities** <br>**(Cost $83,197,809)** | **Total Investments in Securities** <br>**(Cost $83,197,809)** | &nbsp;&nbsp; **83646115** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(2238586)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$81407529** |

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund is entitled to receive principal and interest from the guarantor after a day or a week's notice or upon maturity. The maturity date disclosed represents the final maturity.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents a variable rate security where the coupon rate adjusts on specified dates (generally daily or weekly) using the prevailing money market rate. The interest rate shown was the current rate as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Represents a security purchased on a when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Income from this security may be subject to alternative minimum tax.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Zero coupon bond.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Variable rate security. The interest rate shown was the current rate as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(g) The rate shown is the seven-day current annualized yield at February 28, 2026.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Abbreviation Legend** 

---

| | |
|:---|:---|
| AGM | Assured Guaranty Municipal Corporation |
| AMBAC | Ambac Assurance Corporation |
| BAN | Bond Anticipation Note |
| FHA | Federal Housing Authority |
| HUD | U.S. Department of Housing and Urban Development |
| SOFR | Secured Overnight Financing Rate |

---

**Fair value measurements** 

The Fund categorizes its fair value measurements according to a three-level hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs by prioritizing that the most observable input be used when available. Observable inputs are those that market participants would use in pricing an investment based on market data obtained from sources independent of the reporting entity. Unobservable inputs are those that reflect the Fund's assumptions about the information market participants would use in pricing an investment. An investment's level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the asset's or liability's fair value measurement. The input levels are not necessarily an indication of the risk or liquidity associated with investments at that level. For example, certain U.S. government securities are generally high quality and liquid, however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

Fair value inputs are summarized in the three broad levels listed below:

■

Level 1 — Valuations based on quoted prices for investments in active markets that the Fund has the ability to access at the measurement date. Valuation adjustments are not applied to Level 1 investments.

■

Level 2 — Valuations based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

■

Level 3 — Valuations based on significant unobservable inputs (including the Fund's own assumptions and judgment in determining the fair value of investments).

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments, and is affected by various factors such as the type of investment, and the volume and level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Investment Manager, along with any other relevant factors in the calculation of an investment's fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Investments falling into the Level 3 category, if any, are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, these may be classified as Level 3 investments due to lack of market transparency and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Investment Manager. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.

The Fund's Board of Trustees (the Board) has designated the Investment Manager, through its Valuation Committee (the Committee), as valuation designee, responsible for determining the fair value of the assets of the Fund for which market quotations are not readily available using valuation procedures approved by the Board. The Committee consists of voting and non-voting members from various groups within the Investment Manager's organization, including operations and accounting, trading and investments, compliance, risk management and legal.

The Committee meets at least monthly to review and approve valuation matters, which may include a description of specific valuation determinations, data regarding pricing information received from approved pricing vendors and brokers and the results of Board-approved valuation policies and procedures (the Policies). The Policies address, among other things, instances when market quotations are or are not readily available, including recommendations of third party pricing vendors and a determination of appropriate pricing methodologies; events that require specific valuation determinations and assessment of fair value techniques; securities with a potential for stale pricing, including those that are illiquid, restricted, or in default; and the effectiveness of third party pricing vendors, including periodic reviews of vendors. The Committee meets more frequently, as needed, to discuss additional valuation matters, which may include the need to review back-testing results, review time-sensitive information or approve related valuation actions. Representatives of Columbia Management Investment Advisers, LLC report to the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.

The following table is a summary of the inputs used to value the Fund's investments at February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| **Investments in Securities** |  |  |  |  |
| Floating Rate Notes |  | &nbsp;&nbsp;&nbsp;&nbsp; 2675000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2675000 |
| Municipal Bonds |  | &nbsp;&nbsp;&nbsp;&nbsp; 63673928 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 63673928 |
| Municipal Short Term |  | &nbsp;&nbsp;&nbsp;&nbsp; 11123034 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11123034 |
| Money Market Funds | 6174153 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6174153 |
| Total Investments in Securities | 6174153 | &nbsp;&nbsp;&nbsp;&nbsp; 77471962 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 83646115 |

---

See the Portfolio of Investments for all investment classifications not indicated in the table.

The Fund's assets assigned to the Level 2 input category are generally valued using the market approach, in which a security's value is determined through reference to prices and information from market transactions for similar or identical assets.

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Statement of Assets and Liabilities

February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Assets** |  |
| Investments in securities, at value |  |
| Unaffiliated issuers (cost $83,197,809) | $83646115 |
| Receivable for: |  |
| Capital shares sold | 152127 |
| Dividends | 9362 |
| Interest | 894320 |
| Expense reimbursement due from Investment Manager | 300 |
| Prepaid expenses | 1169 |
| Other assets | 15231 |
| Total assets | 84718624 |
| **Liabilities** |  |
| Due to custodian | 7888 |
| Payable for: |  |
| Investments purchased on a delayed delivery basis | 2976734 |
| Capital shares redeemed | 127298 |
| Distributions to shareholders | 153999 |
| Management services fees | 468 |
| Distribution and/or service fees | 16 |
| Transfer agent fees | 5533 |
| Compensation of chief compliance officer | 5 |
| Compensation of board members | 1009 |
| Other expenses | 17936 |
| Deferred compensation of board members | 20209 |
| Total liabilities | 3311095 |
| **Net assets applicable to outstanding capital stock** | **$81407529** |
| **Represented by** |  |
| Paid in capital | 83899950 |
| Total distributable earnings (loss) | (2492421)<br>|
| **Total - representing net assets applicable to outstanding capital stock** | **$81407529** |
| **Class A** |  |
| Net assets | $4074970 |
| Shares outstanding | 405180 |
| Net asset value per share | $10.06 |
| **Institutional Class** |  |
| Net assets | $77332559 |
| Shares outstanding | 7684685 |
| Net asset value per share | $10.06 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Statement of Operations

Six Months Ended February 28, 2026 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Net investment income** |  |
| Income: |  |
| Dividends — unaffiliated issuers | $55219 |
| Interest | 982739 |
| Total income | 1037958 |
| Expenses: |  |
| Management services fees | 71334 |
| Distribution and/or service fees |  |
| Class A | 3475 |
| Transfer agent fees |  |
| Class A | 2233 |
| Institutional Class | 30424 |
| Custodian fees | 684 |
| Printing and postage fees | 5575 |
| Registration fees | 23910 |
| Accounting services fees | 16079 |
| Legal fees | 8873 |
| Compensation of chief compliance officer | 5 |
| Compensation of board members | 5821 |
| Deferred compensation of board members | 3271 |
| Other | 3417 |
| Total expenses | 175101 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (62907)<br>|
| Expense reduction | (20)<br>|
| Total net expenses | 112174 |
| **Net investment income** | 925784 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | (32470)<br>|
| Net realized loss | (32470)<br>|
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 198062 |
| Net change in unrealized appreciation (depreciation) | 198062 |
| Net realized and unrealized gain | 165592 |
| **Net increase in net assets resulting from operations** | **$1091376** |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Statement of Changes in Net Assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)**<br>| **Year Ended** <br>**August 31, 2025**<br>|
| **Operations** |  |  |
| Net investment income | $925784 | &nbsp;&nbsp; $2261597 |
| Net realized gain (loss) | (32470)<br>| &nbsp;&nbsp; 96286 |
| Net change in unrealized appreciation (depreciation) | 198062 | &nbsp;&nbsp; (79166)<br>|
| Net increase in net assets resulting from operations | 1091376 | &nbsp;&nbsp; 2278717 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (59923)<br>| &nbsp;&nbsp; (114864)<br>|
| Advisor Class |  | &nbsp;&nbsp; (568935)<br>|
| Institutional Class | (864068)<br>| &nbsp;&nbsp; (1648465)<br>|
| Total distributions to shareholders | (923991)<br>| &nbsp;&nbsp; (2332264)<br>|
| Increase (decrease) in net assets from capital stock activity | 12849807 | &nbsp;&nbsp; (18723796)<br>|
| Total increase (decrease) in net assets | 13017192 | &nbsp;&nbsp; (18777343)<br>|
| Net assets at beginning of period | 68390337 | &nbsp;&nbsp; 87167680 |
| **Net assets at end of period** | **$81407529** | &nbsp;&nbsp; **$68390337** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six Months Ended** | **Six Months Ended** | **Year Ended** | **Year Ended** |
|  | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **August 31, 2025**  | **August 31, 2025**  |
|  | **Shares** | **Dollars ($)** | **Shares** | **Dollars ($)** |
| **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** | **Capital stock activity** |
| Class A |  |  |  |  |
| Shares sold | 154354 | &nbsp;&nbsp;&nbsp;&nbsp; 1548108 | &nbsp;&nbsp;&nbsp;&nbsp; 144437 | &nbsp;&nbsp;&nbsp;&nbsp; 1445089 |
| Distributions reinvested | 5963 | &nbsp;&nbsp;&nbsp;&nbsp; 59782 | &nbsp;&nbsp;&nbsp;&nbsp; 11476 | &nbsp;&nbsp;&nbsp;&nbsp; 114863 |
| Shares redeemed | (205376)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2061873)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (52190)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (522215)<br>|
| Net increase (decrease) | (45059)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (453983)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 103723 | &nbsp;&nbsp;&nbsp;&nbsp; 1037737 |
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 127381 | &nbsp;&nbsp;&nbsp;&nbsp; 1274573 |
| Distributions reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 38695 | &nbsp;&nbsp;&nbsp;&nbsp; 387130 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8262916)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (82587579)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8096840)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (80925876)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 2961325 | &nbsp;&nbsp;&nbsp;&nbsp; 29728826 | &nbsp;&nbsp;&nbsp;&nbsp; 8510223 | &nbsp;&nbsp;&nbsp;&nbsp; 85195442 |
| Distributions reinvested | 77344 | &nbsp;&nbsp;&nbsp;&nbsp; 775785 | &nbsp;&nbsp;&nbsp;&nbsp; 146235 | &nbsp;&nbsp;&nbsp;&nbsp; 1463951 |
| Shares redeemed | (1715430)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (17200821)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2546767)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25495050)<br>|
| Net increase | 1323239 | &nbsp;&nbsp;&nbsp;&nbsp; 13303790 | &nbsp;&nbsp;&nbsp;&nbsp; 6109691 | &nbsp;&nbsp;&nbsp;&nbsp; 61164343 |
| **Total net increase (decrease)** | **1278180** | &nbsp;&nbsp;&nbsp;&nbsp; **12849807** | &nbsp;&nbsp;&nbsp;&nbsp; **(1883426)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(18723796)**<br>|

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Financial Highlights

The following table is intended to help you understand the Fund's financial performance. Certain information reflects financial results for a single share of a class held for the periods shown. For periods ended 2022 and thereafter, per share net investment income (loss) amounts are calculated based on average shares outstanding during the period. Total return assumes reinvestment of all dividends and distributions, if any. Total return does not reflect payment of sales charges, if any. Total return and portfolio turnover are not annualized for periods of less than one year. The ratios of expenses and net investment income are annualized for periods of less than one year. The portfolio turnover rate is calculated without regard to purchase and sales transactions of short-term instruments and certain derivatives, if any. If such transactions were included, the Fund's portfolio turnover rate may be higher. A zero balance may reflect an amount rounding to less than $0.01 or 0.01%.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Net asset value,** <br>**beginning of** <br>**period**<br>| **Net** <br>**investment** <br>**income**<br>| **Net** <br>**realized** <br>**and** <br>**unrealized** <br>**gain (loss)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Distributions** <br>**from net** <br>**investment** <br>**income**<br>| **Total** <br>**distributions to** <br>**shareholders**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | $10.04 | 0.13 | 0.02 | 0.15 | &nbsp;&nbsp; (0.13)<br>| &nbsp;&nbsp; (0.13)<br>|
| Year Ended 8/31/2025 | $10.04 | 0.29 | 0.01 | 0.30 | &nbsp;&nbsp; (0.30)<br>| &nbsp;&nbsp; (0.30)<br>|
| Year Ended 8/31/2024 | $9.97 | 0.28 | 0.09 | 0.37 | &nbsp;&nbsp; (0.30)<br>| &nbsp;&nbsp; (0.30)<br>|
| Year Ended 8/31/2023 | $9.98 | 0.20 | 0.00 | 0.20 | &nbsp;&nbsp; (0.21)<br>| &nbsp;&nbsp; (0.21)<br>|
| Year Ended 8/31/2022 | $10.11 | 0.06 | &nbsp;&nbsp; (0.13)<br>| &nbsp;&nbsp; (0.07)<br>| &nbsp;&nbsp; (0.06)<br>| &nbsp;&nbsp; (0.06)<br>|
| Year Ended 8/31/2021<sup>(g)</sup> <br>| $10.09 | 0.04 | 0.02 | 0.06 | &nbsp;&nbsp; (0.04)<br>| &nbsp;&nbsp; (0.04)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $10.04 | 0.14 | 0.02 | 0.16 | &nbsp;&nbsp; (0.14)<br>| &nbsp;&nbsp; (0.14)<br>|
| Year Ended 8/31/2025 | $10.04 | 0.30 | 0.01 | 0.31 | &nbsp;&nbsp; (0.31)<br>| &nbsp;&nbsp; (0.31)<br>|
| Year Ended 8/31/2024 | $9.97 | 0.30 | 0.08 | 0.38 | &nbsp;&nbsp; (0.31)<br>| &nbsp;&nbsp; (0.31)<br>|
| Year Ended 8/31/2023 | $9.98 | 0.22 | &nbsp;&nbsp; (0.01 )<sup>(h)</sup><br>| 0.21 | &nbsp;&nbsp; (0.22)<br>| &nbsp;&nbsp; (0.22)<br>|
| Year Ended 8/31/2022<sup>(i)</sup> <br>| $10.07 | 0.07 | &nbsp;&nbsp; (0.10)<br>| &nbsp;&nbsp; (0.03)<br>| &nbsp;&nbsp; (0.06)<br>| &nbsp;&nbsp; (0.06)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Notes to Financial Highlights**  | **Notes to Financial Highlights**  |
| (a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
| (b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.  |
| (c) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by BMO Asset Management Corp, and certain of its affiliates, if applicable, for the account periods prior to the closing of the Reorganization, which occurred on January 21, 2022. |
| (d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
| (e) | Ratios include interfund lending expense which is less than 0.01%. |
| (f) | Ratios include line of credit interest expense which is less than 0.01%.  |
| (g) | Net investment income (loss) per share calculated using the average shares method. |
| (h) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to timing of Fund shares sold and redeemed in relation to fluctuations in the market value of the portfolio. For a new share class, the difference may be due to the timing of the commencement of operations for the share class. |
| (i) | Institutional Class shares commenced operations on January 26, 2022. Per share data and total return reflect activity from that date. |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Financial Highlights (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; **Net** <br>**asset** <br>**value,** <br>**end of** <br>**period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**return**<br>| &nbsp;&nbsp;&nbsp; **Total gross** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; **Total net** <br>**expense** <br>**ratio to** <br>**average** <br>**net assets**<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp;&nbsp; **Net investment** <br>**income** <br>**ratio to** <br>**average** <br>**net assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**turnover**<br>| &nbsp;&nbsp;&nbsp; **Net** <br>**assets,** <br>**end of** <br>**period** <br>**(000's)**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $10.06 | &nbsp;&nbsp;&nbsp;&nbsp; 1.50% | &nbsp;&nbsp;&nbsp;&nbsp; 0.66% | &nbsp;&nbsp;&nbsp;&nbsp; 0.47% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.58% | &nbsp;&nbsp;&nbsp;&nbsp; 46% | &nbsp;&nbsp;&nbsp;&nbsp; $4075 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $10.04 | &nbsp;&nbsp;&nbsp;&nbsp; 3.04% | &nbsp;&nbsp;&nbsp;&nbsp; 0.63% | &nbsp;&nbsp;&nbsp;&nbsp; 0.45% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.92% | &nbsp;&nbsp;&nbsp;&nbsp; 38% | &nbsp;&nbsp;&nbsp;&nbsp; $4518 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $10.04 | &nbsp;&nbsp;&nbsp;&nbsp; 3.75% | &nbsp;&nbsp;&nbsp;&nbsp; 0.55% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.47% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.85% | &nbsp;&nbsp;&nbsp;&nbsp; 36% | &nbsp;&nbsp;&nbsp;&nbsp; $3478 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $9.97 | &nbsp;&nbsp;&nbsp;&nbsp; 2.03% | &nbsp;&nbsp;&nbsp;&nbsp; 0.50% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.48% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.02% | &nbsp;&nbsp;&nbsp;&nbsp; 82% | &nbsp;&nbsp;&nbsp;&nbsp; $4224 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $9.98 | &nbsp;&nbsp;&nbsp;&nbsp; (0.74%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.56% <br><sup>(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.48% <br><sup>(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.57% | &nbsp;&nbsp;&nbsp;&nbsp; 104% | &nbsp;&nbsp;&nbsp;&nbsp; $8199 |
|  Year Ended 8/31/2021 <br><sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.11 | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp;&nbsp; 0.64% | &nbsp;&nbsp;&nbsp;&nbsp; 0.55% | &nbsp;&nbsp;&nbsp;&nbsp; 0.40% | &nbsp;&nbsp;&nbsp;&nbsp; 137% | &nbsp;&nbsp;&nbsp;&nbsp; $11463 |
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $10.06 | &nbsp;&nbsp;&nbsp;&nbsp; 1.58% | &nbsp;&nbsp;&nbsp;&nbsp; 0.50% | &nbsp;&nbsp;&nbsp;&nbsp; 0.32% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.74% | &nbsp;&nbsp;&nbsp;&nbsp; 46% | &nbsp;&nbsp;&nbsp;&nbsp; $77333 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $10.04 | &nbsp;&nbsp;&nbsp;&nbsp; 3.18% | &nbsp;&nbsp;&nbsp;&nbsp; 0.50% | &nbsp;&nbsp;&nbsp;&nbsp; 0.32% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.02% | &nbsp;&nbsp;&nbsp;&nbsp; 38% | &nbsp;&nbsp;&nbsp;&nbsp; $63872 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $10.04 | &nbsp;&nbsp;&nbsp;&nbsp; 3.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.41% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.33% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.03% | &nbsp;&nbsp;&nbsp;&nbsp; 36% | &nbsp;&nbsp;&nbsp;&nbsp; $2527 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $9.97 | &nbsp;&nbsp;&nbsp;&nbsp; 2.17% | &nbsp;&nbsp;&nbsp;&nbsp; 0.35% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.35% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.24% | &nbsp;&nbsp;&nbsp;&nbsp; 82% | &nbsp;&nbsp;&nbsp;&nbsp; $753 |
|  Year Ended 8/31/2022 <br><sup>(i)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.98 | &nbsp;&nbsp;&nbsp;&nbsp; (0.33%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.31% <br><sup>(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.27% <br><sup>(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.14% | &nbsp;&nbsp;&nbsp;&nbsp; 104% | &nbsp;&nbsp;&nbsp;&nbsp; $1254 |

---

The accompanying Notes to Financial Statements are an integral part of this statement.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Ultra Short Duration Municipal Bond Fund (the Fund), a series of Columbia Funds Series Trust II (the Trust), is a diversified fund. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.

**Fund shares**

The Trust may issue an unlimited number of shares (without par value). The Fund offers each of the share classes listed in the Statement of Assets and Liabilities. Although all share classes generally have identical voting, dividend and liquidation rights, each share class votes separately when required by the Trust's organizational documents or by law. Each share class has its own expense and sales charge structure. Different share classes may have different minimum initial investment amounts and pay different net investment income distribution amounts to the extent the expenses of distributing such share classes vary. Distributions to shareholders in a liquidation will be proportional to the net asset value of each share class.

As described in the Fund's prospectus, Class A shares are offered to the general public for investment. Institutional Class shares are available for purchase through authorized investment professionals to omnibus retirement plans or to institutional investors and to certain other investors as also described in the Fund's prospectus.

Note 2. Summary of significant accounting policies

**Basis of preparation**

The Fund is an investment company that applies the accounting and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946, *Financial Services - Investment Companies* (ASC 946). The financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP), which requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements.

**Segment reporting**

The intent of FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures is to enable investors to better understand an entity's overall performance and to assess its potential future cash flows through improved segment disclosures. The chief operating decision maker (CODM) for the Fund is Columbia Management Investment Advisers, LLC through its Investment Oversight Committee and Global Executive Group, which are responsible for assessing performance and making decisions about resource allocation. The CODM has determined that the Fund has a single operating segment because the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the Fund's portfolio managers as a team. The financial information provided to and reviewed by the CODM is consistent with that presented within the Fund's financial statements.

**Security valuation**

Debt securities generally are valued based on prices obtained from pricing services, which are intended to reflect market transactions for normal, institutional-size trading units of similar securities. The services may use various pricing techniques that take into account, as applicable, factors such as yield, quality, coupon rate, maturity, type of issue, trading characteristics and other data, as well as approved independent broker-dealer quotes. Debt securities for which quotations are not readily available or not believed to be reflective of market value may also be valued based upon a bid quote from an approved independent broker-dealer. Debt securities maturing in 60 days or less are valued primarily at amortized market value, unless this method results in a valuation that management believes does not approximate fair value.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Investments in open-end investment companies (other than exchange-traded funds (ETFs)), are valued at the latest net asset value reported by those companies as of the valuation time.

Investments for which market quotations are not readily available, or that have quotations which management believes are not reflective of market value or reliable, are valued at fair value as determined in good faith under procedures approved by the Board of Trustees. If a security or class of securities (such as foreign securities) is valued at fair value, such value is likely to be different from the quoted or published price for the security, if available.

The determination of fair value often requires significant judgment. To determine fair value, management may use assumptions including but not limited to future cash flows and estimated risk premiums. Multiple inputs from various sources may be used to determine fair value.

GAAP requires disclosure regarding the inputs and valuation techniques used to measure fair value and any changes in valuation inputs or techniques. In addition, investments shall be disclosed by major category. This information is disclosed following the Fund's Portfolio of Investments.

**Delayed delivery securities**

The Fund may trade securities on other than normal settlement terms, including securities purchased or sold on a "when-issued" or "forward commitment" basis. This may increase risk to the Fund since the other party to the transaction may fail to deliver, which could cause the Fund to subsequently invest at less advantageous prices. The Fund designates cash or liquid securities in an amount equal to the delayed delivery commitment.

**Security transactions**

Security transactions are accounted for on the trade date. Cost is determined and gains (losses) are based upon the specific identification method for both financial statement and federal income tax purposes.

**Income recognition**

Interest income is recorded on an accrual basis. Market premiums and discounts, including original issue discounts, are amortized and accreted, respectively, over the expected life of the security on all debt securities, unless otherwise noted.

The Fund may place a debt security on non-accrual status and reduce related interest income when it becomes probable that the interest will not be collected and the amount of uncollectible interest can be reasonably estimated. The Fund may also adjust accrual rates when it becomes probable the full interest will not be collected and a partial payment will be received. A defaulted debt security is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is reasonably assured.

Dividend income is recorded on the ex-dividend date.

**Expenses**

General expenses of the Trust are allocated to the Fund and other funds of the Trust based upon relative net assets or other expense allocation methodologies determined by the nature of the expense. Expenses directly attributable to the Fund are charged to the Fund. Expenses directly attributable to a specific class of shares are charged to that share class.

**Determination of class net asset value**

All income, expenses (other than class-specific expenses, which are charged to that share class, as shown in the Statement of Operations) and realized and unrealized gains (losses) are allocated to each class of the Fund on a daily basis, based on the relative net assets of each class, for purposes of determining the net asset value of each class.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Federal income tax status**

The Fund intends to qualify each year as a regulated investment company under Subchapter M of the Internal Revenue Code, as amended, and will distribute substantially all of its net tax-exempt and investment company taxable income and net capital gain, if any, for its tax year, and as such will not be subject to federal income taxes. In addition, the Fund intends to distribute in each calendar year substantially all of its ordinary income, capital gain net income and certain other amounts, if any, such that the Fund should not be subject to federal excise tax. Therefore, no federal income or excise tax provision is recorded.

**Distributions to shareholders**

Distributions from net investment income, if any, are declared daily and paid monthly. Net realized capital gains, if any, are distributed at least annually. Income distributions and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

**Guarantees and indemnifications**

Under the Trust's organizational documents and, in some cases, by contract, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust or its funds. In addition, certain of the Fund's contracts with its service providers contain general indemnification clauses. The Fund's maximum exposure under these arrangements is unknown since the amount of any future claims that may be made against the Fund cannot be determined, and the Fund has no historical basis for predicting the likelihood of any such claims.

Note 3. Fees and other transactions with affiliates

**Management services fees**

The Fund has entered into a Management Agreement with Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). Under the Management Agreement, the Investment Manager provides the Fund with investment research and advice and is responsible for administrative and accounting services. The management services fee is an annual fee that is equal to 0.21% of the Fund's daily net assets.

**Compensation of Board members**

Members of the Board of Trustees who are not officers or employees of the Investment Manager or Ameriprise Financial are compensated for their services to the Fund as disclosed in the Statement of Operations. Under a Deferred Compensation Plan (the Deferred Plan), these members of the Board of Trustees may elect to defer payment of up to 100% of their compensation. Deferred amounts are treated as though equivalent dollar amounts had been invested in shares of certain funds managed by the Investment Manager. The Fund's liability for these amounts is adjusted for market value changes and remains in the Fund until distributed in accordance with the Deferred Plan. All amounts payable under the Deferred Plan constitute a general unsecured obligation of the Fund. The expense for the Deferred Plan, which includes Trustees' fees deferred during the current period as well as any gains or losses on the Trustees' deferred compensation balances as a result of market fluctuations, is included in "Deferred compensation of board members" in the Statement of Operations.

**Compensation of Chief Compliance Officer**

The Board of Trustees has appointed a Chief Compliance Officer for the Fund in accordance with federal securities regulations. As disclosed in the Statement of Operations, a portion of the Chief Compliance Officer's total compensation is allocated to the Fund, along with other allocations to affiliated registered investment companies managed by the Investment Manager and its affiliates, based on relative net assets.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Transfer agency fees**

Under a Transfer and Dividend Disbursing Agent Agreement, Columbia Management Investment Services Corp. (the Transfer Agent), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, is responsible for providing transfer agency services to the Fund. The Transfer Agent has contracted with SS&C GIDS, Inc. (SS&C GIDS) to serve as sub-transfer agent. The Transfer Agent pays the fees of SS&C GIDS for services as sub-transfer agent and SS&C GIDS is not entitled to reimbursement for such fees from the Fund (with the exception of out-of-pocket fees).

The Fund pays the Transfer Agent a monthly transfer agency fee based on the number or the average value of accounts, depending on the type of account. In addition, the Fund pays the Transfer Agent a fee for shareholder services based on the number of accounts or on a percentage of the average aggregate value of the Fund's shares maintained in omnibus accounts up to the lesser of the amount charged by the financial intermediary or a cap established by the Board of Trustees from time to time.

The Transfer Agent also receives compensation from the Fund for various shareholder services and reimbursements for certain out-of-pocket fees.

For the six months ended February 28, 2026, the Fund's annualized effective transfer agency fee rates as a percentage of average daily net assets of each class were as follows:

---

| | |
|:---|:---|
|  | **Effective rate (%)** |
| Class A | 0.10 |
| Institutional Class | 0.10 |

---

An annual minimum account balance fee of $20 may apply to certain accounts with a value below the applicable share class's initial minimum investment requirements to reduce the impact of small accounts on transfer agency fees. These minimum account balance fees are remitted to the Fund and recorded as part of expense reductions in the Statement of Operations. For the six months ended February 28, 2026, these minimum account balance fees reduced total expenses of the Fund by $20.

**Distribution and service fees**

The Fund has entered into an agreement with Columbia Management Investment Distributors, Inc. (the Distributor), an affiliate of the Investment Manager and a wholly-owned subsidiary of Ameriprise Financial, for distribution and shareholder services. The Board of Trustees has approved, and the Fund has adopted, a distribution and shareholder service plan (the Plan) applicable to Class A shares, which sets the distribution and service fees for the Fund. These fees are calculated daily and are intended to compensate the Distributor and/or eligible selling and/or servicing agents for selling shares of the Fund and providing services to investors.

Under the Plan, the Fund pays a monthly combined distribution and service fee to the Distributor at the maximum annual rate of 0.15% of the average daily net assets attributable to Class A shares of the Fund. The Fund pays the distribution and/or shareholder services fees for Class A up to the point where the Distributor's expenses are fully recovered.

**Expenses waived/reimbursed by the Investment Manager and its affiliates**

The Investment Manager and certain of its affiliates have contractually agreed to waive fees and/or reimburse expenses (excluding certain fees and expenses described below) for the period(s) disclosed below, unless sooner terminated at the sole discretion of the Board of Trustees, so that the Fund's net operating expenses, including indirect expenses of the

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

underlying funds, after giving effect to fees waived/expenses reimbursed and any balance credits and/or overdraft charges from the Fund's custodian, do not exceed the following annual rate(s) as a percentage of the classes' average daily net assets:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee rate(s) contractual** <br>**through** <br>**December 31, 2026 (%)**<br>|
| Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.47 |
| Institutional Class | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.32 |

---

Under the agreement governing these fee waivers and/or expense reimbursement arrangements, the following fees and expenses are excluded from the waiver/reimbursement commitment, and therefore will be paid by the Fund, if applicable: taxes (including foreign transaction taxes), expenses associated with investments in affiliated and non-affiliated pooled investment vehicles (including mutual funds and exchange-traded funds), transaction costs and brokerage commissions, costs related to any securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, interest, costs associated with shareholder meetings, infrequent and/or unusual expenses and any other expenses the exclusion of which is specifically approved by the Board of Trustees. This agreement may be modified or amended only with approval from the Investment Manager, certain of its affiliates and the Fund. Any fees waived and/or expenses reimbursed under the expense reimbursement arrangements described above are not recoverable by the Investment Manager or its affiliates in future periods.

Note 4. Federal tax information

The timing and character of income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP because of temporary or permanent book to tax differences.

At February 28, 2026, the approximate cost of all investments for federal income tax purposes and the aggregate gross approximate unrealized appreciation and depreciation based on that cost was:

---

| | | | |
|:---|:---|:---|:---|
| **Federal** <br>**tax cost ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gross unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(depreciation) ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net unrealized** <br>**appreciation ($)**<br>|
| 83198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 463000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448000 |

---

Tax cost of investments and unrealized appreciation/(depreciation) may also include timing differences that do not constitute adjustments to tax basis.

The following capital loss carryforwards, determined at August 31, 2025, may be available to reduce future net realized gains on investments, if any, to the extent permitted by the Internal Revenue Code.

---

| | | |
|:---|:---|:---|
| **No expiration** <br>**short-term ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **No expiration** <br>**long-term ($)**<br>| **Total ($)** |
| (1034067)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1941773)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2975840)<br>|

---

Management of the Fund has concluded that there are no significant uncertain tax positions in the Fund that would require recognition in the financial statements. However, management's conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, new tax laws, regulations, and administrative interpretations (including relevant court decisions). Generally, the Fund's federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

Note 5. Portfolio information

The cost of purchases and proceeds from sales of securities, excluding short-term investments and derivatives, if any, aggregated to $37,006,758 and $27,120,440, respectively, for the six months ended February 28, 2026. The amount of purchase and sale activity impacts the portfolio turnover rate reported in the Financial Highlights.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

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Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Note 6. Interfund lending

Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Fund participates in a program (the Interfund Program) allowing each participating Columbia Fund (each, a Participating Fund) to lend money directly to and, except for closed-end funds and money market funds, borrow money directly from other Participating Funds for temporary purposes. The amounts eligible for borrowing and lending under the Interfund Program are subject to certain restrictions.

Interfund loans are subject to the risk that the borrowing fund could be unable to repay the loan when due, and a delay in repayment to the lending fund could result in lost opportunities and/or additional lending costs. The exemptive order is subject to conditions intended to mitigate conflicts of interest arising from the Investment Manager's relationship with each Participating Fund.

The Fund did not borrow or lend money under the Interfund Program during the six months ended February 28, 2026.

Note 7. Line of credit

The Fund has access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. whereby the Fund may borrow for the temporary funding of shareholder redemptions or for other temporary or emergency purposes. Pursuant to an October 23, 2025 amendment and restatement, the credit facility, which is an agreement between the Fund and certain other funds managed by the Investment Manager or an affiliated investment manager, severally and not jointly, permits aggregate borrowings up to $750 million. Interest is currently charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case. Each borrowing under the credit facility matures no later than 60 days after the date of borrowing. The Fund also pays a commitment fee equal to its pro rata share of the unused amount of the credit facility at a rate of 0.15% per annum. The commitment fee is included in other expenses in the Statement of Operations. This agreement expires annually in October unless extended or renewed. Prior to the October 23, 2025 amendment and restatement, the Fund had access to a revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., Citibank, N.A. and Wells Fargo Bank, N.A. which permitted collective borrowings up to $900 million. Interest was charged to each participating fund based on its borrowings at a rate equal to the higher of (i) the federal funds effective rate, (ii) the secured overnight financing rate plus 0.10% and (iii) the overnight bank funding rate, plus 1.00% in each case.

The Fund had no borrowings during the six months ended February 28, 2026.

Note 8. Risks and uncertainties

An investment in the Fund involves risks, including market risk and concentration risk, among others. The value of the Fund's holdings and the Fund's net asset value may go down. These declines may be due to factors affecting a particular issuer, or the result of, among other things, political, regulatory, market, economic or social developments affecting the relevant market(s) more generally.

Global economies and financial markets are increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such risks might affect companies worldwide. As a result, local, regional or global events such as terrorism, war, other conflicts, natural disasters, disease/virus outbreaks and epidemics or other public health issues, recessions, depressions or other events – or the potential for such events – could have a significant negative impact on global economic and market conditions.

To the extent that the Fund concentrates its investment in particular issuers, countries, geographic regions, industries or sectors, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of issuers, countries, geographic regions, industries, sectors or investments.

Additional risk factors of the Fund are described more fully in the Fund's Prospectus and Statement of Additional Information.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Shareholder concentration risk** 

At February 28, 2026, one unaffiliated shareholder of record owned 71.6% of the outstanding shares of the Fund in one or more accounts. The Fund has no knowledge about whether any portion of those shares was owned beneficially. Fund shares sold to or redeemed by concentrated accounts may have a significant effect on the operations of the Fund. In the case of a large redemption, the Fund may be forced to sell investments at inopportune times, including its liquid positions, which may result in Fund losses and the Fund holding a higher percentage of less liquid positions. Large redemptions could result in decreased economies of scale and increased operating expenses for non-redeeming Fund shareholders.

Note 9. Subsequent events

Management has evaluated the events and transactions that have occurred through the date the financial statements were issued and noted no items requiring adjustment of the financial statements or additional disclosure.

Note 10. Information regarding pending and settled legal proceedings

Ameriprise Financial and certain of its affiliates are involved, in the normal course of business, in legal proceedings that include regulatory inquiries, arbitration and litigation (including class actions) concerning matters arising in connection with the conduct of their activities as part of a diversified financial services firm. Ameriprise Financial believes that the Fund is not currently the subject of, and that neither Ameriprise Financial nor any of its affiliates are the subject of, any pending legal, arbitration or regulatory proceedings that are likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund. Ameriprise Financial is required to make quarterly (10-Q), annual (10-K) and, as necessary, 8-K filings with the Securities and Exchange Commission (SEC) on legal and regulatory matters that relate to Ameriprise Financial and its affiliates. Copies of these filings may be obtained by accessing the SEC website at www.sec.gov.

There can be no assurance that these matters, or the adverse publicity associated with them, will not result in increased Fund redemptions, reduced sale of Fund shares or other adverse consequences to the Fund. Further, although we believe proceedings are not likely to have a material adverse effect on the Fund or the ability of Ameriprise Financial or its affiliates to perform under their contracts with the Fund, these proceedings are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss that may result from such matters. An adverse outcome in one or more of these proceedings could result in adverse judgments, settlements, fines, penalties or other relief, and may lead to further claims, examinations, adverse publicity or reputational damage, each of which could have a material adverse effect on the consolidated financial condition or results of operations or financial condition of Ameriprise Financial or one or more of its affiliates that provide services to the Fund.

Columbia Ultra Short Duration Municipal Bond Fund \| 2026

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**Columbia Ultra Short Duration Municipal Bond Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g24083img9d503fc62.jpg)

**Please read and consider the investment objectives, risks, charges and expenses for any fund carefully before investing. For a prospectus and summary prospectus, which contains this and other important information about the Fund, go to** 

columbiathreadneedleus.com/investor/. The Fund is distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC.

Columbia Threadneedle Investments<sup>®</sup> (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies. All rights reserved.© 2026 Columbia Management Investment Advisers, LLC.

columbiathreadneedleus.com/investor/

SAR320_08_T01_(04/26)

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#### Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.

#### Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.

#### Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
The fees and expenses of the independent trustees are included in "Compensation of board members" and "Deferred compensation of board members" on each Fund's Statement of Operations as part of the Registrant's financial statements filed under Item 7 of this Form N-CSR. Additionally, the compensation paid by the Trust to the Chief Compliance Officer is included in "Compensation of chief compliance officer" on each Fund's Statement of Operations as part of the Registrant's financial statements filed under Item 7 of this Form N-CSR.

#### Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Not applicable.

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#### Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.

#### Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.

#### Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.

#### Item 15. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors implemented since the registrant last provided disclosure as to such procedures in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K or Item 15 of Form N-CSR.

#### Item 16. Controls and Procedures.
(a) The registrant's principal executive officer and principal financial officer, based on their evaluation of the registrant's disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are effective and adequately designed to ensure that information required to be disclosed by the registrant in Form N-CSR is accumulated and communicated to the registrant's management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

(b) There was no change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

#### Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.

#### Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable.

#### Item 19. Exhibits.

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| | |
|:---|:---|
|  (a)(1) | Code of ethics required to be disclosed under Item 2 of Form N-CSR: Not applicable for semiannual reports. |
|  (a)(2) | Not applicable. |

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| | |
|:---|:---|
|  (a)(3) | [Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.](d24083dex99cert.htm) |
|  (a)(4) | Not applicable. |
|  (a)(5) | Not applicable. |
| (b) | [Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) attached hereto as Exhibit 99.906CERT.](d24083dex99906cert.htm) |

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | |
|:---|:---|
| Columbia Funds Series Trust II | Columbia Funds Series Trust II |
| By: | /s/ Michael G. Clarke |
| Name: | Michael G. Clarke |
| Title: | President and Principal Executive Officer |
| Date: | April 22, 2026 |

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Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

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| | |
|:---|:---|
| By: | /s/ Michael G. Clarke |
| Name: | Michael G. Clarke |
| Title: | President and Principal Executive Officer |
| Date: | April 22, 2026 |
| By: | /s/ Charles H. Chiesa |
| Name: | Charles H. Chiesa |
| Title: | Treasurer, Chief Financial Officer, Chief Accounting Officer and Principal Financial Officer |
| Date: | April 22, 2026 |

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## Ex-99.Cert

**EX-99.CERT SECTION 302 CERTIFICATION** 

I, Michael G. Clarke, certify that:

1. I have reviewed this report on Form N-CSR of Columbia Funds Series Trust II;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| By: | /s/ Michael G. Clarke |
| Name: | Michael G. Clarke |
| Title: | President and Principal Executive Officer |
| Date: | April 22, 2026 |

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------

I, Charles H. Chiesa, certify that:

1. I have reviewed this report on Form N-CSR of Columbia Funds Series Trust II;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| By: | /s/ Charles H. Chiesa |
| Name: | Charles H. Chiesa |
| Title: | Treasurer, Chief Financial Officer, Chief Accounting Officer and Principal Financial Officer |
| Date: | April 22, 2026 |

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## Exhibit 99.906

**EX-99.906 CERT SECTION 906 CERTIFICATION** 

**CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002** 

In connection with the Certified Shareholder Report of Columbia Funds Series Trust II (the "Trust") on Form N-CSR for the period ending February 28, 2026 as filed with the Securities and Exchange Commission on the date hereof ("the Report"), the undersigned hereby certifies that, to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust.

---

| | |
|:---|:---|
| By: | /s/ Michael G. Clarke |
| Name: | Michael G. Clarke |
| Title: | President and Principal Executive Officer |
| Date: | April 22, 2026 |
| By: | /s/ Charles H. Chiesa |
| Name: | Charles H. Chiesa |
| Title: | Treasurer, Chief Financial Officer, Chief Accounting Officer and Principal Financial Officer |
| Date: | April 22, 2026 |

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A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission (the "Commission") or its staff upon request.

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. §1350 and is not being filed as part of the Form N-CSR with the Commission.