# EDGAR Filing Document

**Accession Number:** 0000773757
**File Stem:** 0001193125-26-208358
**Filing Date:** 2026-5
**Character Count:** 3847811
**Document Hash:** 5ead9ac708d797a95ea129b1f6dc4519
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-208358.hdr.sgml**: 20260506

**ACCESSION NUMBER**: 0001193125-26-208358

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 45

**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 I
- **CENTRAL INDEX KEY:** 0000773757

**ORGANIZATION NAME:**
- **EIN:** 363376651
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04367
- **FILM NUMBER:** 26947295

**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:** COLUMBIA FUNDS TRUST IX
- **DATE OF NAME CHANGE:** 20031107

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIBERTY STEIN ROE FUNDS MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19991025

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STEINROE MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Columbia Strategic Income Fund (Series ID: S000010617)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000029358 | Columbia Strategic Income Fund Class A               | COSIX           |
| C000029360 | Columbia Strategic Income Fund Class C               | CLSCX           |
| C000029362 | Columbia Strategic Income Fund Institutional Class   | LSIZX           |
| C000094661 | Columbia Strategic Income Fund Class R               | CSNRX           |
| C000094663 | Columbia Strategic Income Fund Institutional 2 Class | CTIVX           |
| C000129839 | Columbia Strategic Income Fund Institutional 3 Class | CPHUX           |
| C000253710 | Columbia Strategic Income Fund Class S               | LSIDX           |

### Columbia Balanced Fund (Series ID: S000012068)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000032838 | Columbia Balanced Fund Class A               | CBLAX           |
| C000032840 | Columbia Balanced Fund Class C               | CBLCX           |
| C000032842 | Columbia Balanced Fund Institutional Class   | CBALX           |
| C000094665 | Columbia Balanced Fund Class R               | CBLRX           |
| C000094667 | Columbia Balanced Fund Institutional 2 Class | CLREX           |
| C000122660 | Columbia Balanced Fund Institutional 3 Class | CBDYX           |
| C000253713 | Columbia Balanced Fund Class S               | CBABX           |

### Columbia Greater China Fund (Series ID: S000012069)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000032843 | Columbia Greater China Fund Class A               | NGCAX           |
| C000032846 | Columbia Greater China Fund Institutional Class   | LNGZX           |
| C000179749 | Columbia Greater China Fund Institutional 3 Class | CGCYX           |

### Columbia Select Mid Cap Growth Fund (Series ID: S000012070)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000032847 | Columbia Select Mid Cap Growth Fund Class A               | CBSAX           |
| C000032849 | Columbia Select Mid Cap Growth Fund Class C               | CMCCX           |
| C000032854 | Columbia Select Mid Cap Growth Fund Institutional Class   | CLSPX           |
| C000078986 | Columbia Select Mid Cap Growth Fund Institutional 3 Class | CMGYX           |
| C000094669 | Columbia Select Mid Cap Growth Fund Institutional 2 Class | CMGVX           |
| C000253714 | Columbia Select Mid Cap Growth Fund Class S               | CLSDX           |

### Columbia Small Cap Growth Fund (Series ID: S000012073)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000032868 | Columbia Small Cap Growth Fund Class A               | CGOAX           |
| C000032870 | Columbia Small Cap Growth Fund Class C               | CGOCX           |
| C000032871 | Columbia Small Cap Growth Fund Institutional Class   | CMSCX           |
| C000078987 | Columbia Small Cap Growth Fund Institutional 3 Class | CSGYX           |
| C000094677 | Columbia Small Cap Growth Fund Class R               | CCRIX           |
| C000121792 | Columbia Small Cap Growth Fund Institutional 2 Class | CSCRX           |
| C000253716 | Columbia Small Cap Growth Fund Class S               | CMSHX           |

### Columbia International Dividend Income Fund (Series ID: S000012074)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000032872 | Columbia International Dividend Income Fund Class A               | CSVAX           |
| C000032876 | Columbia International Dividend Income Fund Institutional Class   | CSVFX           |
| C000078988 | Columbia International Dividend Income Fund Institutional 3 Class | CLSYX           |
| C000138362 | Columbia International Dividend Income Fund Institutional 2 Class | CADPX           |
| C000253717 | Columbia International Dividend Income Fund Class S               | CSVEX           |

### Columbia Global Technology Growth Fund (Series ID: S000012075)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000032877 | Columbia Global Technology Growth Fund Class A               | CTCAX           |
| C000032879 | Columbia Global Technology Growth Fund Class C               | CTHCX           |
| C000032881 | Columbia Global Technology Growth Fund Institutional Class   | CMTFX           |
| C000122665 | Columbia Global Technology Growth Fund Institutional 2 Class | CTHRX           |
| C000169173 | Columbia Global Technology Growth Fund Institutional 3 Class | CGTUX           |
| C000253718 | Columbia Global Technology Growth Fund Class S               | CGTDX           |

### Columbia Contrarian Core Fund (Series ID: S000012077)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000032888 | Columbia Contrarian Core Fund Class A               | LCCAX           |
| C000032890 | Columbia Contrarian Core Fund Class C               | LCCCX           |
| C000032893 | Columbia Contrarian Core Fund Institutional Class   | SMGIX           |
| C000094681 | Columbia Contrarian Core Fund Class R               | CCCRX           |
| C000122667 | Columbia Contrarian Core Fund Institutional 2 Class | COFRX           |
| C000122668 | Columbia Contrarian Core Fund Institutional 3 Class | COFYX           |
| C000253719 | Columbia Contrarian Core Fund Class S               | SMGEX           |

### Columbia Emerging Markets Fund (Series ID: S000021572)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000061809 | Columbia Emerging Markets Fund Class A               | EEMAX           |
| C000061810 | Columbia Emerging Markets Fund Class C               | EEMCX           |
| C000061811 | Columbia Emerging Markets Fund Institutional Class   | UMEMX           |
| C000121798 | Columbia Emerging Markets Fund Institutional 2 Class | CEKRX           |
| C000122684 | Columbia Emerging Markets Fund Institutional 3 Class | CEKYX           |
| C000253721 | Columbia Emerging Markets Fund Class S               | UMEBX           |

### Multi-Manager Total Return Bond Strategies Fund (Series ID: S000036205)

| Class ID   | Class Name                                                          | Ticker Symbol   |
|:---|:---|:---|
| C000179755 | Multi-Manager Total Return Bond Strategies Fund Institutional Class | CTRZX           |

### Multi-Manager Small Cap Equity Strategies Fund (Series ID: S000036206)

| Class ID   | Class Name                                                         | Ticker Symbol   |
|:---|:---|:---|
| C000179756 | Multi-Manager Small Cap Equity Strategies Fund Institutional Class | CZMSX           |

### Multi-Manager Alternative Strategies Fund (Series ID: S000036207)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000179757 | Multi-Manager Alternative Strategies Fund Institutional Class | CZAMX           |

### Multi-Manager International Equity Strategies Fund (Series ID: S000061733)

| Class ID   | Class Name                                                             | Ticker Symbol   |
|:---|:---|:---|
| C000199958 | Multi-Manager International Equity Strategies Fund Institutional Class | CMIEX           |

### Overseas SMA Completion Portfolio (Series ID: S000066407)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000214277 | Overseas SMA Completion Portfolio | OSCBX           |

### Multisector Bond SMA Completion Portfolio (Series ID: S000066845)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000215205 | Multisector Bond SMA Completion Portfolio | MBSAX           |

?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 811-04367

## Columbia Funds Series Trust I

#### (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 Balanced Fund
Class A \| CBLAX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Balanced 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 | $46 | 0.91%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $10092310655 |
| **Total number of portfolio holdings** | 997 |
| **Portfolio turnover for the reporting period** | 46% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 25% |

---

Columbia Balanced Fund \| Class A **\|** SSR120_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

---

| | |
|:---|:---|
| Information Technology | 19.7% |
| Communication Services | 7.6% |
| Financials | 7.5% |
| Health Care | 6.5% |
| Consumer Discretionary | 6.1% |
| Industrials | 6.0% |
| Energy | 2.4% |
| Consumer Staples | 1.5% |
| Utilities | 1.4% |
| Real Estate | 0.8% |
| Other | 0.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 4.8% |
| Apple, Inc. | 3.7% |
| Microsoft Corp. | 3.6% |
| iShares Core MSCI EAFE ETF | 2.9% |
| Amazon.com, Inc. | 2.7% |
| Alphabet, Inc., Class A | 1.9% |
| Eli Lilly & Co. | 1.6% |
| Broadcom, Inc. | 1.6% |
| Alphabet, Inc., Class C | 1.6% |
| Meta Platforms, Inc., Class A | 1.5% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 59.8% |
| Residential Mortgage-Backed Securities - Agency | 13.5% |
| Corporate Bonds & Notes | 8.2% |
| Residential Mortgage-Backed Securities - Non-Agency | 7.7% |
| Asset-Backed Securities - Non-Agency | 4.4% |
| Money Market Funds | 3.5% |
| Exchange-Traded Equity Funds | 2.9% |
| Commercial Mortgage-Backed Securities - Non-Agency | 1.5% |
| Other | 0.4% |

---

## 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](g469787g79q07.jpg)

Columbia Balanced Fund \| Class A **\|** SSR120_01_(04/26) \|

# Columbia Balanced Fund
Class C \| CBLCX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Balanced 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 C | $84 | 1.66%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $10092310655 |
| **Total number of portfolio holdings** | 997 |
| **Portfolio turnover for the reporting period** | 46% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 25% |

---

Columbia Balanced Fund \| Class C **\|** SSR120_04_(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

---

| | |
|:---|:---|
| Information Technology | 19.7% |
| Communication Services | 7.6% |
| Financials | 7.5% |
| Health Care | 6.5% |
| Consumer Discretionary | 6.1% |
| Industrials | 6.0% |
| Energy | 2.4% |
| Consumer Staples | 1.5% |
| Utilities | 1.4% |
| Real Estate | 0.8% |
| Other | 0.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 4.8% |
| Apple, Inc. | 3.7% |
| Microsoft Corp. | 3.6% |
| iShares Core MSCI EAFE ETF | 2.9% |
| Amazon.com, Inc. | 2.7% |
| Alphabet, Inc., Class A | 1.9% |
| Eli Lilly & Co. | 1.6% |
| Broadcom, Inc. | 1.6% |
| Alphabet, Inc., Class C | 1.6% |
| Meta Platforms, Inc., Class A | 1.5% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 59.8% |
| Residential Mortgage-Backed Securities - Agency | 13.5% |
| Corporate Bonds & Notes | 8.2% |
| Residential Mortgage-Backed Securities - Non-Agency | 7.7% |
| Asset-Backed Securities - Non-Agency | 4.4% |
| Money Market Funds | 3.5% |
| Exchange-Traded Equity Funds | 2.9% |
| Commercial Mortgage-Backed Securities - Non-Agency | 1.5% |
| Other | 0.4% |

---

## 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](g469787g79q07.jpg)

Columbia Balanced Fund \| Class C **\|** SSR120_04_(04/26) \|

# Columbia Balanced Fund
Class R \| CBLRX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Balanced 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 | $59 | 1.16%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $10092310655 |
| **Total number of portfolio holdings** | 997 |
| **Portfolio turnover for the reporting period** | 46% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 25% |

---

Columbia Balanced Fund \| Class R **\|** SSR120_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 19.7% |
| Communication Services | 7.6% |
| Financials | 7.5% |
| Health Care | 6.5% |
| Consumer Discretionary | 6.1% |
| Industrials | 6.0% |
| Energy | 2.4% |
| Consumer Staples | 1.5% |
| Utilities | 1.4% |
| Real Estate | 0.8% |
| Other | 0.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 4.8% |
| Apple, Inc. | 3.7% |
| Microsoft Corp. | 3.6% |
| iShares Core MSCI EAFE ETF | 2.9% |
| Amazon.com, Inc. | 2.7% |
| Alphabet, Inc., Class A | 1.9% |
| Eli Lilly & Co. | 1.6% |
| Broadcom, Inc. | 1.6% |
| Alphabet, Inc., Class C | 1.6% |
| Meta Platforms, Inc., Class A | 1.5% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 59.8% |
| Residential Mortgage-Backed Securities - Agency | 13.5% |
| Corporate Bonds & Notes | 8.2% |
| Residential Mortgage-Backed Securities - Non-Agency | 7.7% |
| Asset-Backed Securities - Non-Agency | 4.4% |
| Money Market Funds | 3.5% |
| Exchange-Traded Equity Funds | 2.9% |
| Commercial Mortgage-Backed Securities - Non-Agency | 1.5% |
| Other | 0.4% |

---

## 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](g469787g79q07.jpg)

Columbia Balanced Fund \| Class R **\|** SSR120_12_(04/26) \|

# Columbia Balanced Fund
Class S \| CBABX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Balanced 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 S | $33 | 0.66%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $10092310655 |
| **Total number of portfolio holdings** | 997 |
| **Portfolio turnover for the reporting period** | 46% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 25% |

---

Columbia Balanced Fund \| Class S **\|** SSR120_16_(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

---

| | |
|:---|:---|
| Information Technology | 19.7% |
| Communication Services | 7.6% |
| Financials | 7.5% |
| Health Care | 6.5% |
| Consumer Discretionary | 6.1% |
| Industrials | 6.0% |
| Energy | 2.4% |
| Consumer Staples | 1.5% |
| Utilities | 1.4% |
| Real Estate | 0.8% |
| Other | 0.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 4.8% |
| Apple, Inc. | 3.7% |
| Microsoft Corp. | 3.6% |
| iShares Core MSCI EAFE ETF | 2.9% |
| Amazon.com, Inc. | 2.7% |
| Alphabet, Inc., Class A | 1.9% |
| Eli Lilly & Co. | 1.6% |
| Broadcom, Inc. | 1.6% |
| Alphabet, Inc., Class C | 1.6% |
| Meta Platforms, Inc., Class A | 1.5% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 59.8% |
| Residential Mortgage-Backed Securities - Agency | 13.5% |
| Corporate Bonds & Notes | 8.2% |
| Residential Mortgage-Backed Securities - Non-Agency | 7.7% |
| Asset-Backed Securities - Non-Agency | 4.4% |
| Money Market Funds | 3.5% |
| Exchange-Traded Equity Funds | 2.9% |
| Commercial Mortgage-Backed Securities - Non-Agency | 1.5% |
| Other | 0.4% |

---

## 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](g469787g79q07.jpg)

Columbia Balanced Fund \| Class S **\|** SSR120_16_(04/26) \|

# Columbia Balanced Fund
Institutional 2 Class \| CLREX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Balanced 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 | $32 | 0.63%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $10092310655 |
| **Total number of portfolio holdings** | 997 |
| **Portfolio turnover for the reporting period** | 46% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 25% |

---

Columbia Balanced Fund \| Institutional 2 Class **\|** SSR120_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 19.7% |
| Communication Services | 7.6% |
| Financials | 7.5% |
| Health Care | 6.5% |
| Consumer Discretionary | 6.1% |
| Industrials | 6.0% |
| Energy | 2.4% |
| Consumer Staples | 1.5% |
| Utilities | 1.4% |
| Real Estate | 0.8% |
| Other | 0.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 4.8% |
| Apple, Inc. | 3.7% |
| Microsoft Corp. | 3.6% |
| iShares Core MSCI EAFE ETF | 2.9% |
| Amazon.com, Inc. | 2.7% |
| Alphabet, Inc., Class A | 1.9% |
| Eli Lilly & Co. | 1.6% |
| Broadcom, Inc. | 1.6% |
| Alphabet, Inc., Class C | 1.6% |
| Meta Platforms, Inc., Class A | 1.5% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 59.8% |
| Residential Mortgage-Backed Securities - Agency | 13.5% |
| Corporate Bonds & Notes | 8.2% |
| Residential Mortgage-Backed Securities - Non-Agency | 7.7% |
| Asset-Backed Securities - Non-Agency | 4.4% |
| Money Market Funds | 3.5% |
| Exchange-Traded Equity Funds | 2.9% |
| Commercial Mortgage-Backed Securities - Non-Agency | 1.5% |
| Other | 0.4% |

---

## 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](g469787g79q07.jpg)

Columbia Balanced Fund \| Institutional 2 Class **\|** SSR120_15_(04/26) \|

# Columbia Balanced Fund
Institutional 3 Class \| CBDYX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Balanced 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 | $29 | 0.58%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $10092310655 |
| **Total number of portfolio holdings** | 997 |
| **Portfolio turnover for the reporting period** | 46% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 25% |

---

Columbia Balanced Fund \| Institutional 3 Class **\|** SSR120_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 19.7% |
| Communication Services | 7.6% |
| Financials | 7.5% |
| Health Care | 6.5% |
| Consumer Discretionary | 6.1% |
| Industrials | 6.0% |
| Energy | 2.4% |
| Consumer Staples | 1.5% |
| Utilities | 1.4% |
| Real Estate | 0.8% |
| Other | 0.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 4.8% |
| Apple, Inc. | 3.7% |
| Microsoft Corp. | 3.6% |
| iShares Core MSCI EAFE ETF | 2.9% |
| Amazon.com, Inc. | 2.7% |
| Alphabet, Inc., Class A | 1.9% |
| Eli Lilly & Co. | 1.6% |
| Broadcom, Inc. | 1.6% |
| Alphabet, Inc., Class C | 1.6% |
| Meta Platforms, Inc., Class A | 1.5% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 59.8% |
| Residential Mortgage-Backed Securities - Agency | 13.5% |
| Corporate Bonds & Notes | 8.2% |
| Residential Mortgage-Backed Securities - Non-Agency | 7.7% |
| Asset-Backed Securities - Non-Agency | 4.4% |
| Money Market Funds | 3.5% |
| Exchange-Traded Equity Funds | 2.9% |
| Commercial Mortgage-Backed Securities - Non-Agency | 1.5% |
| Other | 0.4% |

---

## 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](g469787g79q07.jpg)

Columbia Balanced Fund \| Institutional 3 Class **\|** SSR120_17_(04/26) \|

# Columbia Balanced Fund
Institutional Class \| CBALX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Balanced 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 | $33 | 0.66%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $10092310655 |
| **Total number of portfolio holdings** | 997 |
| **Portfolio turnover for the reporting period** | 46% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 25% |

---

Columbia Balanced Fund \| Institutional Class **\|** SSR120_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

---

| | |
|:---|:---|
| Information Technology | 19.7% |
| Communication Services | 7.6% |
| Financials | 7.5% |
| Health Care | 6.5% |
| Consumer Discretionary | 6.1% |
| Industrials | 6.0% |
| Energy | 2.4% |
| Consumer Staples | 1.5% |
| Utilities | 1.4% |
| Real Estate | 0.8% |
| Other | 0.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 4.8% |
| Apple, Inc. | 3.7% |
| Microsoft Corp. | 3.6% |
| iShares Core MSCI EAFE ETF | 2.9% |
| Amazon.com, Inc. | 2.7% |
| Alphabet, Inc., Class A | 1.9% |
| Eli Lilly & Co. | 1.6% |
| Broadcom, Inc. | 1.6% |
| Alphabet, Inc., Class C | 1.6% |
| Meta Platforms, Inc., Class A | 1.5% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 59.8% |
| Residential Mortgage-Backed Securities - Agency | 13.5% |
| Corporate Bonds & Notes | 8.2% |
| Residential Mortgage-Backed Securities - Non-Agency | 7.7% |
| Asset-Backed Securities - Non-Agency | 4.4% |
| Money Market Funds | 3.5% |
| Exchange-Traded Equity Funds | 2.9% |
| Commercial Mortgage-Backed Securities - Non-Agency | 1.5% |
| Other | 0.4% |

---

## 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](g469787g79q07.jpg)

Columbia Balanced Fund \| Institutional Class **\|** SSR120_08_(04/26) \|

# Columbia Contrarian Core Fund
Class A \| LCCAX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Contrarian Core 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 | $50 | 0.98%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $16187872349 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 27% |

---

Columbia Contrarian Core Fund \| Class A **\|** SSR133_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

---

| | |
|:---|:---|
| Information Technology | 32.4% |
| Communication Services | 12.5% |
| Financials | 12.3% |
| Health Care | 10.7% |
| Consumer Discretionary | 10.0% |
| Industrials | 9.8% |
| Energy | 3.8% |
| Consumer Staples | 2.4% |
| Utilities | 2.3% |
| Real Estate | 1.3% |
| Other | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 7.9% |
| Apple, Inc. | 6.1% |
| Microsoft Corp. | 6.0% |
| Amazon.com, Inc. | 4.4% |
| Alphabet, Inc., Class A | 3.2% |
| Eli Lilly & Co. | 2.7% |
| Broadcom, Inc. | 2.6% |
| Alphabet, Inc., Class C | 2.6% |
| Meta Platforms, Inc., Class A | 2.4% |
| Honeywell International, Inc. | 2.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.0% |
| Money Market Funds | 1.4% |

---

## 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](g469787g79q07.jpg)

Columbia Contrarian Core Fund \| Class A **\|** SSR133_01_(04/26) \|

# Columbia Contrarian Core Fund
Class C \| LCCCX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Contrarian Core 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 C | $87 | 1.73%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $16187872349 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 27% |

---

Columbia Contrarian Core Fund \| Class C **\|** SSR133_04_(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

---

| | |
|:---|:---|
| Information Technology | 32.4% |
| Communication Services | 12.5% |
| Financials | 12.3% |
| Health Care | 10.7% |
| Consumer Discretionary | 10.0% |
| Industrials | 9.8% |
| Energy | 3.8% |
| Consumer Staples | 2.4% |
| Utilities | 2.3% |
| Real Estate | 1.3% |
| Other | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 7.9% |
| Apple, Inc. | 6.1% |
| Microsoft Corp. | 6.0% |
| Amazon.com, Inc. | 4.4% |
| Alphabet, Inc., Class A | 3.2% |
| Eli Lilly & Co. | 2.7% |
| Broadcom, Inc. | 2.6% |
| Alphabet, Inc., Class C | 2.6% |
| Meta Platforms, Inc., Class A | 2.4% |
| Honeywell International, Inc. | 2.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.0% |
| Money Market Funds | 1.4% |

---

## 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](g469787g79q07.jpg)

Columbia Contrarian Core Fund \| Class C **\|** SSR133_04_(04/26) \|

# Columbia Contrarian Core Fund
Class R \| CCCRX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Contrarian Core 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 | $62 | 1.23%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $16187872349 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 27% |

---

Columbia Contrarian Core Fund \| Class R **\|** SSR133_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 32.4% |
| Communication Services | 12.5% |
| Financials | 12.3% |
| Health Care | 10.7% |
| Consumer Discretionary | 10.0% |
| Industrials | 9.8% |
| Energy | 3.8% |
| Consumer Staples | 2.4% |
| Utilities | 2.3% |
| Real Estate | 1.3% |
| Other | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 7.9% |
| Apple, Inc. | 6.1% |
| Microsoft Corp. | 6.0% |
| Amazon.com, Inc. | 4.4% |
| Alphabet, Inc., Class A | 3.2% |
| Eli Lilly & Co. | 2.7% |
| Broadcom, Inc. | 2.6% |
| Alphabet, Inc., Class C | 2.6% |
| Meta Platforms, Inc., Class A | 2.4% |
| Honeywell International, Inc. | 2.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.0% |
| Money Market Funds | 1.4% |

---

## 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](g469787g79q07.jpg)

Columbia Contrarian Core Fund \| Class R **\|** SSR133_12_(04/26) \|

# Columbia Contrarian Core Fund
Class S \| SMGEX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Contrarian Core 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 S | $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** | $16187872349 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 27% |

---

Columbia Contrarian Core Fund \| Class S **\|** SSR133_16_(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

---

| | |
|:---|:---|
| Information Technology | 32.4% |
| Communication Services | 12.5% |
| Financials | 12.3% |
| Health Care | 10.7% |
| Consumer Discretionary | 10.0% |
| Industrials | 9.8% |
| Energy | 3.8% |
| Consumer Staples | 2.4% |
| Utilities | 2.3% |
| Real Estate | 1.3% |
| Other | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 7.9% |
| Apple, Inc. | 6.1% |
| Microsoft Corp. | 6.0% |
| Amazon.com, Inc. | 4.4% |
| Alphabet, Inc., Class A | 3.2% |
| Eli Lilly & Co. | 2.7% |
| Broadcom, Inc. | 2.6% |
| Alphabet, Inc., Class C | 2.6% |
| Meta Platforms, Inc., Class A | 2.4% |
| Honeywell International, Inc. | 2.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.0% |
| Money Market Funds | 1.4% |

---

## 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](g469787g79q07.jpg)

Columbia Contrarian Core Fund \| Class S **\|** SSR133_16_(04/26) \|

# Columbia Contrarian Core Fund
Institutional 2 Class \| COFRX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Contrarian Core 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 | $33 | 0.66%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $16187872349 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 27% |

---

Columbia Contrarian Core Fund \| Institutional 2 Class **\|** SSR133_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 32.4% |
| Communication Services | 12.5% |
| Financials | 12.3% |
| Health Care | 10.7% |
| Consumer Discretionary | 10.0% |
| Industrials | 9.8% |
| Energy | 3.8% |
| Consumer Staples | 2.4% |
| Utilities | 2.3% |
| Real Estate | 1.3% |
| Other | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 7.9% |
| Apple, Inc. | 6.1% |
| Microsoft Corp. | 6.0% |
| Amazon.com, Inc. | 4.4% |
| Alphabet, Inc., Class A | 3.2% |
| Eli Lilly & Co. | 2.7% |
| Broadcom, Inc. | 2.6% |
| Alphabet, Inc., Class C | 2.6% |
| Meta Platforms, Inc., Class A | 2.4% |
| Honeywell International, Inc. | 2.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.0% |
| Money Market Funds | 1.4% |

---

## 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](g469787g79q07.jpg)

Columbia Contrarian Core Fund \| Institutional 2 Class **\|** SSR133_15_(04/26) \|

# Columbia Contrarian Core Fund
Institutional 3 Class \| COFYX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Contrarian Core 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 | $31 | 0.61%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $16187872349 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 27% |

---

Columbia Contrarian Core Fund \| Institutional 3 Class **\|** SSR133_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 32.4% |
| Communication Services | 12.5% |
| Financials | 12.3% |
| Health Care | 10.7% |
| Consumer Discretionary | 10.0% |
| Industrials | 9.8% |
| Energy | 3.8% |
| Consumer Staples | 2.4% |
| Utilities | 2.3% |
| Real Estate | 1.3% |
| Other | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 7.9% |
| Apple, Inc. | 6.1% |
| Microsoft Corp. | 6.0% |
| Amazon.com, Inc. | 4.4% |
| Alphabet, Inc., Class A | 3.2% |
| Eli Lilly & Co. | 2.7% |
| Broadcom, Inc. | 2.6% |
| Alphabet, Inc., Class C | 2.6% |
| Meta Platforms, Inc., Class A | 2.4% |
| Honeywell International, Inc. | 2.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.0% |
| Money Market Funds | 1.4% |

---

## 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](g469787g79q07.jpg)

Columbia Contrarian Core Fund \| Institutional 3 Class **\|** SSR133_17_(04/26) \|

# Columbia Contrarian Core Fund
Institutional Class \| SMGIX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Contrarian Core 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 | $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** | $16187872349 |
| **Total number of portfolio holdings** | 78 |
| **Portfolio turnover for the reporting period** | 27% |

---

Columbia Contrarian Core Fund \| Institutional Class **\|** SSR133_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

---

| | |
|:---|:---|
| Information Technology | 32.4% |
| Communication Services | 12.5% |
| Financials | 12.3% |
| Health Care | 10.7% |
| Consumer Discretionary | 10.0% |
| Industrials | 9.8% |
| Energy | 3.8% |
| Consumer Staples | 2.4% |
| Utilities | 2.3% |
| Real Estate | 1.3% |
| Other | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 7.9% |
| Apple, Inc. | 6.1% |
| Microsoft Corp. | 6.0% |
| Amazon.com, Inc. | 4.4% |
| Alphabet, Inc., Class A | 3.2% |
| Eli Lilly & Co. | 2.7% |
| Broadcom, Inc. | 2.6% |
| Alphabet, Inc., Class C | 2.6% |
| Meta Platforms, Inc., Class A | 2.4% |
| Honeywell International, Inc. | 2.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.0% |
| Money Market Funds | 1.4% |

---

## 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](g469787g79q07.jpg)

Columbia Contrarian Core Fund \| Institutional Class **\|** SSR133_08_(04/26) \|

# Columbia Emerging Markets Fund
Class A \| EEMAX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Emerging Markets 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 | $80 | 1.41%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $846386686 |
| **Total number of portfolio holdings** | 92 |
| **Portfolio turnover for the reporting period** | 25% |

---

Columbia Emerging Markets Fund \| Class A **\|** SSR142_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

---

| | |
|:---|:---|
| Taiwan | 25.7% |
| China | 21.7% |
| South Korea | 21.5% |
| India | 6.8% |
| Brazil | 6.1% |
| Greece | 4.3% |
| South Africa | 3.4% |
| United Arab Emirates | 2.9% |
| United Kingdom | 1.7% |
| Hong Kong | 1.1% |
| Other | 5.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 14.3% |
| Samsung Electronics Co., Ltd. | 7.7% |
| SK Hynix, Inc. | 6.0% |
| Tencent Holdings Ltd. | 4.3% |
| Alibaba Group Holding Ltd. | 3.2% |
| NU Holdings Ltd., Class A | 2.4% |
| Accton Technology Corp. | 2.2% |
| Capitec Bank Holdings Ltd. | 2.2% |
| Unimicron Technology Corp. | 2.1% |
| Anglogold Ashanti PLC | 1.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 40.3% |
| Financials | 18.3% |
| Industrials | 9.4% |
| Consumer Discretionary | 8.7% |
| Communication Services | 6.8% |
| Materials | 4.9% |
| Real Estate | 4.3% |
| Health Care | 2.7% |
| Consumer Staples | 2.1% |
| Energy | 1.6% |
| Other | 1.1% |

---

## 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](g469787g79q07.jpg)

Columbia Emerging Markets Fund \| Class A **\|** SSR142_01_(04/26) \|

# Columbia Emerging Markets Fund
Class C \| EEMCX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Emerging Markets 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 C | $123 | 2.16%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $846386686 |
| **Total number of portfolio holdings** | 92 |
| **Portfolio turnover for the reporting period** | 25% |

---

Columbia Emerging Markets Fund \| Class C **\|** SSR142_04_(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

---

| | |
|:---|:---|
| Taiwan | 25.7% |
| China | 21.7% |
| South Korea | 21.5% |
| India | 6.8% |
| Brazil | 6.1% |
| Greece | 4.3% |
| South Africa | 3.4% |
| United Arab Emirates | 2.9% |
| United Kingdom | 1.7% |
| Hong Kong | 1.1% |
| Other | 5.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 14.3% |
| Samsung Electronics Co., Ltd. | 7.7% |
| SK Hynix, Inc. | 6.0% |
| Tencent Holdings Ltd. | 4.3% |
| Alibaba Group Holding Ltd. | 3.2% |
| NU Holdings Ltd., Class A | 2.4% |
| Accton Technology Corp. | 2.2% |
| Capitec Bank Holdings Ltd. | 2.2% |
| Unimicron Technology Corp. | 2.1% |
| Anglogold Ashanti PLC | 1.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 40.3% |
| Financials | 18.3% |
| Industrials | 9.4% |
| Consumer Discretionary | 8.7% |
| Communication Services | 6.8% |
| Materials | 4.9% |
| Real Estate | 4.3% |
| Health Care | 2.7% |
| Consumer Staples | 2.1% |
| Energy | 1.6% |
| Other | 1.1% |

---

## 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](g469787g79q07.jpg)

Columbia Emerging Markets Fund \| Class C **\|** SSR142_04_(04/26) \|

# Columbia Emerging Markets Fund
Class S \| UMEBX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Emerging Markets 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 S | $66 | 1.16%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $846386686 |
| **Total number of portfolio holdings** | 92 |
| **Portfolio turnover for the reporting period** | 25% |

---

Columbia Emerging Markets Fund \| Class S **\|** SSR142_16_(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

---

| | |
|:---|:---|
| Taiwan | 25.7% |
| China | 21.7% |
| South Korea | 21.5% |
| India | 6.8% |
| Brazil | 6.1% |
| Greece | 4.3% |
| South Africa | 3.4% |
| United Arab Emirates | 2.9% |
| United Kingdom | 1.7% |
| Hong Kong | 1.1% |
| Other | 5.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 14.3% |
| Samsung Electronics Co., Ltd. | 7.7% |
| SK Hynix, Inc. | 6.0% |
| Tencent Holdings Ltd. | 4.3% |
| Alibaba Group Holding Ltd. | 3.2% |
| NU Holdings Ltd., Class A | 2.4% |
| Accton Technology Corp. | 2.2% |
| Capitec Bank Holdings Ltd. | 2.2% |
| Unimicron Technology Corp. | 2.1% |
| Anglogold Ashanti PLC | 1.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 40.3% |
| Financials | 18.3% |
| Industrials | 9.4% |
| Consumer Discretionary | 8.7% |
| Communication Services | 6.8% |
| Materials | 4.9% |
| Real Estate | 4.3% |
| Health Care | 2.7% |
| Consumer Staples | 2.1% |
| Energy | 1.6% |
| Other | 1.1% |

---

## 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](g469787g79q07.jpg)

Columbia Emerging Markets Fund \| Class S **\|** SSR142_16_(04/26) \|

# Columbia Emerging Markets Fund
Institutional 2 Class \| CEKRX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Emerging Markets 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 | $61 | 1.07%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $846386686 |
| **Total number of portfolio holdings** | 92 |
| **Portfolio turnover for the reporting period** | 25% |

---

Columbia Emerging Markets Fund \| Institutional 2 Class **\|** SSR142_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

---

| | |
|:---|:---|
| Taiwan | 25.7% |
| China | 21.7% |
| South Korea | 21.5% |
| India | 6.8% |
| Brazil | 6.1% |
| Greece | 4.3% |
| South Africa | 3.4% |
| United Arab Emirates | 2.9% |
| United Kingdom | 1.7% |
| Hong Kong | 1.1% |
| Other | 5.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 14.3% |
| Samsung Electronics Co., Ltd. | 7.7% |
| SK Hynix, Inc. | 6.0% |
| Tencent Holdings Ltd. | 4.3% |
| Alibaba Group Holding Ltd. | 3.2% |
| NU Holdings Ltd., Class A | 2.4% |
| Accton Technology Corp. | 2.2% |
| Capitec Bank Holdings Ltd. | 2.2% |
| Unimicron Technology Corp. | 2.1% |
| Anglogold Ashanti PLC | 1.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 40.3% |
| Financials | 18.3% |
| Industrials | 9.4% |
| Consumer Discretionary | 8.7% |
| Communication Services | 6.8% |
| Materials | 4.9% |
| Real Estate | 4.3% |
| Health Care | 2.7% |
| Consumer Staples | 2.1% |
| Energy | 1.6% |
| Other | 1.1% |

---

## 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](g469787g79q07.jpg)

Columbia Emerging Markets Fund \| Institutional 2 Class **\|** SSR142_15_(04/26) \|

# Columbia Emerging Markets Fund
Institutional 3 Class \| CEKYX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Emerging Markets 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 | $58 | 1.02%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $846386686 |
| **Total number of portfolio holdings** | 92 |
| **Portfolio turnover for the reporting period** | 25% |

---

Columbia Emerging Markets Fund \| Institutional 3 Class **\|** SSR142_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

---

| | |
|:---|:---|
| Taiwan | 25.7% |
| China | 21.7% |
| South Korea | 21.5% |
| India | 6.8% |
| Brazil | 6.1% |
| Greece | 4.3% |
| South Africa | 3.4% |
| United Arab Emirates | 2.9% |
| United Kingdom | 1.7% |
| Hong Kong | 1.1% |
| Other | 5.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 14.3% |
| Samsung Electronics Co., Ltd. | 7.7% |
| SK Hynix, Inc. | 6.0% |
| Tencent Holdings Ltd. | 4.3% |
| Alibaba Group Holding Ltd. | 3.2% |
| NU Holdings Ltd., Class A | 2.4% |
| Accton Technology Corp. | 2.2% |
| Capitec Bank Holdings Ltd. | 2.2% |
| Unimicron Technology Corp. | 2.1% |
| Anglogold Ashanti PLC | 1.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 40.3% |
| Financials | 18.3% |
| Industrials | 9.4% |
| Consumer Discretionary | 8.7% |
| Communication Services | 6.8% |
| Materials | 4.9% |
| Real Estate | 4.3% |
| Health Care | 2.7% |
| Consumer Staples | 2.1% |
| Energy | 1.6% |
| Other | 1.1% |

---

## 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](g469787g79q07.jpg)

Columbia Emerging Markets Fund \| Institutional 3 Class **\|** SSR142_17_(04/26) \|

# Columbia Emerging Markets Fund
Institutional Class \| UMEMX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Emerging Markets 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 | $66 | 1.16%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $846386686 |
| **Total number of portfolio holdings** | 92 |
| **Portfolio turnover for the reporting period** | 25% |

---

Columbia Emerging Markets Fund \| Institutional Class **\|** SSR142_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

---

| | |
|:---|:---|
| Taiwan | 25.7% |
| China | 21.7% |
| South Korea | 21.5% |
| India | 6.8% |
| Brazil | 6.1% |
| Greece | 4.3% |
| South Africa | 3.4% |
| United Arab Emirates | 2.9% |
| United Kingdom | 1.7% |
| Hong Kong | 1.1% |
| Other | 5.3% |

---

### Top Holdings

---

| | |
|:---|:---|
| Taiwan Semiconductor Manufacturing Co., Ltd. | 14.3% |
| Samsung Electronics Co., Ltd. | 7.7% |
| SK Hynix, Inc. | 6.0% |
| Tencent Holdings Ltd. | 4.3% |
| Alibaba Group Holding Ltd. | 3.2% |
| NU Holdings Ltd., Class A | 2.4% |
| Accton Technology Corp. | 2.2% |
| Capitec Bank Holdings Ltd. | 2.2% |
| Unimicron Technology Corp. | 2.1% |
| Anglogold Ashanti PLC | 1.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 40.3% |
| Financials | 18.3% |
| Industrials | 9.4% |
| Consumer Discretionary | 8.7% |
| Communication Services | 6.8% |
| Materials | 4.9% |
| Real Estate | 4.3% |
| Health Care | 2.7% |
| Consumer Staples | 2.1% |
| Energy | 1.6% |
| Other | 1.1% |

---

## 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](g469787g79q07.jpg)

Columbia Emerging Markets Fund \| Institutional Class **\|** SSR142_08_(04/26) \|

# Columbia Global Technology Growth Fund
Class A \| CTCAX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Global Technology 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 | $59 | 1.14%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $4445592450 |
| **Total number of portfolio holdings** | 100 |
| **Portfolio turnover for the reporting period** | 5% |

---

Columbia Global Technology Growth Fund \| Class A **\|** SSR234_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 | 35.6% |
| Semiconductor Materials & Equipment | 11.8% |
| Technology Hardware, Storage & Peripherals | 11.1% |
| Systems Software | 9.0% |
| Application Software | 4.8% |
| Communications Equipment | 2.6% |
| Internet Services & Infrastructure | 1.8% |
| Electronic Components | 1.5% |
| Other | 1.7% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 14.9% |
| Broadcom, Inc. | 8.2% |
| Apple, Inc. | 7.9% |
| Microsoft Corp. | 6.4% |
| Lam Research Corp. | 6.3% |
| Alphabet, Inc., Class A | 4.4% |
| Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 4.2% |
| Micron Technology, Inc. | 3.1% |
| Amazon.com, Inc. | 2.7% |
| ASML Holding NV | 2.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 79.9% |
| Communication Services | 9.5% |
| Financials | 3.8% |
| Consumer Discretionary | 3.8% |
| Industrials | 1.5% |
| Real Estate | 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](g469787g79q07.jpg)

Columbia Global Technology Growth Fund \| Class A **\|** SSR234_01_(04/26) \|

# Columbia Global Technology Growth Fund
Class C \| CTHCX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Global Technology 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 C | $98 | 1.89%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $4445592450 |
| **Total number of portfolio holdings** | 100 |
| **Portfolio turnover for the reporting period** | 5% |

---

Columbia Global Technology Growth Fund \| Class C **\|** SSR234_04_(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 | 35.6% |
| Semiconductor Materials & Equipment | 11.8% |
| Technology Hardware, Storage & Peripherals | 11.1% |
| Systems Software | 9.0% |
| Application Software | 4.8% |
| Communications Equipment | 2.6% |
| Internet Services & Infrastructure | 1.8% |
| Electronic Components | 1.5% |
| Other | 1.7% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 14.9% |
| Broadcom, Inc. | 8.2% |
| Apple, Inc. | 7.9% |
| Microsoft Corp. | 6.4% |
| Lam Research Corp. | 6.3% |
| Alphabet, Inc., Class A | 4.4% |
| Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 4.2% |
| Micron Technology, Inc. | 3.1% |
| Amazon.com, Inc. | 2.7% |
| ASML Holding NV | 2.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 79.9% |
| Communication Services | 9.5% |
| Financials | 3.8% |
| Consumer Discretionary | 3.8% |
| Industrials | 1.5% |
| Real Estate | 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](g469787g79q07.jpg)

Columbia Global Technology Growth Fund \| Class C **\|** SSR234_04_(04/26) \|

# Columbia Global Technology Growth Fund
Class S \| CGTDX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Global Technology 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 S | $46 | 0.89%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $4445592450 |
| **Total number of portfolio holdings** | 100 |
| **Portfolio turnover for the reporting period** | 5% |

---

Columbia Global Technology Growth Fund \| Class S **\|** SSR234_16_(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 | 35.6% |
| Semiconductor Materials & Equipment | 11.8% |
| Technology Hardware, Storage & Peripherals | 11.1% |
| Systems Software | 9.0% |
| Application Software | 4.8% |
| Communications Equipment | 2.6% |
| Internet Services & Infrastructure | 1.8% |
| Electronic Components | 1.5% |
| Other | 1.7% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 14.9% |
| Broadcom, Inc. | 8.2% |
| Apple, Inc. | 7.9% |
| Microsoft Corp. | 6.4% |
| Lam Research Corp. | 6.3% |
| Alphabet, Inc., Class A | 4.4% |
| Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 4.2% |
| Micron Technology, Inc. | 3.1% |
| Amazon.com, Inc. | 2.7% |
| ASML Holding NV | 2.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 79.9% |
| Communication Services | 9.5% |
| Financials | 3.8% |
| Consumer Discretionary | 3.8% |
| Industrials | 1.5% |
| Real Estate | 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](g469787g79q07.jpg)

Columbia Global Technology Growth Fund \| Class S **\|** SSR234_16_(04/26) \|

# Columbia Global Technology Growth Fund
Institutional 2 Class \| CTHRX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Global Technology 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 2 Class | $44 | 0.85%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $4445592450 |
| **Total number of portfolio holdings** | 100 |
| **Portfolio turnover for the reporting period** | 5% |

---

Columbia Global Technology Growth Fund \| Institutional 2 Class **\|** SSR234_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.

#### Information Technology Sub-Industry Allocation

---

| | |
|:---|:---|
| Semiconductors | 35.6% |
| Semiconductor Materials & Equipment | 11.8% |
| Technology Hardware, Storage & Peripherals | 11.1% |
| Systems Software | 9.0% |
| Application Software | 4.8% |
| Communications Equipment | 2.6% |
| Internet Services & Infrastructure | 1.8% |
| Electronic Components | 1.5% |
| Other | 1.7% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 14.9% |
| Broadcom, Inc. | 8.2% |
| Apple, Inc. | 7.9% |
| Microsoft Corp. | 6.4% |
| Lam Research Corp. | 6.3% |
| Alphabet, Inc., Class A | 4.4% |
| Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 4.2% |
| Micron Technology, Inc. | 3.1% |
| Amazon.com, Inc. | 2.7% |
| ASML Holding NV | 2.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 79.9% |
| Communication Services | 9.5% |
| Financials | 3.8% |
| Consumer Discretionary | 3.8% |
| Industrials | 1.5% |
| Real Estate | 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](g469787g79q07.jpg)

Columbia Global Technology Growth Fund \| Institutional 2 Class **\|** SSR234_15_(04/26) \|

# Columbia Global Technology Growth Fund
Institutional 3 Class \| CGTUX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Global Technology 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 3 Class | $41 | 0.80%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $4445592450 |
| **Total number of portfolio holdings** | 100 |
| **Portfolio turnover for the reporting period** | 5% |

---

Columbia Global Technology Growth Fund \| Institutional 3 Class **\|** SSR234_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 | 35.6% |
| Semiconductor Materials & Equipment | 11.8% |
| Technology Hardware, Storage & Peripherals | 11.1% |
| Systems Software | 9.0% |
| Application Software | 4.8% |
| Communications Equipment | 2.6% |
| Internet Services & Infrastructure | 1.8% |
| Electronic Components | 1.5% |
| Other | 1.7% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 14.9% |
| Broadcom, Inc. | 8.2% |
| Apple, Inc. | 7.9% |
| Microsoft Corp. | 6.4% |
| Lam Research Corp. | 6.3% |
| Alphabet, Inc., Class A | 4.4% |
| Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 4.2% |
| Micron Technology, Inc. | 3.1% |
| Amazon.com, Inc. | 2.7% |
| ASML Holding NV | 2.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 79.9% |
| Communication Services | 9.5% |
| Financials | 3.8% |
| Consumer Discretionary | 3.8% |
| Industrials | 1.5% |
| Real Estate | 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](g469787g79q07.jpg)

Columbia Global Technology Growth Fund \| Institutional 3 Class **\|** SSR234_17_(04/26) \|

# Columbia Global Technology Growth Fund
Institutional Class \| CMTFX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Global Technology 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 | $47 | 0.90%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $4445592450 |
| **Total number of portfolio holdings** | 100 |
| **Portfolio turnover for the reporting period** | 5% |

---

Columbia Global Technology Growth Fund \| Institutional Class **\|** SSR234_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 | 35.6% |
| Semiconductor Materials & Equipment | 11.8% |
| Technology Hardware, Storage & Peripherals | 11.1% |
| Systems Software | 9.0% |
| Application Software | 4.8% |
| Communications Equipment | 2.6% |
| Internet Services & Infrastructure | 1.8% |
| Electronic Components | 1.5% |
| Other | 1.7% |

---

### Top Holdings

---

| | |
|:---|:---|
| NVIDIA Corp. | 14.9% |
| Broadcom, Inc. | 8.2% |
| Apple, Inc. | 7.9% |
| Microsoft Corp. | 6.4% |
| Lam Research Corp. | 6.3% |
| Alphabet, Inc., Class A | 4.4% |
| Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 4.2% |
| Micron Technology, Inc. | 3.1% |
| Amazon.com, Inc. | 2.7% |
| ASML Holding NV | 2.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Information Technology | 79.9% |
| Communication Services | 9.5% |
| Financials | 3.8% |
| Consumer Discretionary | 3.8% |
| Industrials | 1.5% |
| Real Estate | 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](g469787g79q07.jpg)

Columbia Global Technology Growth Fund \| Institutional Class **\|** SSR234_08_(04/26) \|

# Columbia Greater China Fund
Class A \| NGCAX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Greater China 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 | $72 | 1.46%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $48253925 |
| **Total number of portfolio holdings** | 62 |
| **Portfolio turnover for the reporting period** | 27% |

---

Columbia Greater China Fund \| Class A **\|** SSR158_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

---

| | |
|:---|:---|
| Consumer Discretionary | 23.3% |
| Communication Services | 22.6% |
| Financials | 14.8% |
| Information Technology | 11.6% |
| Industrials | 10.7% |
| Materials | 7.3% |
| Health Care | 4.3% |
| Real Estate | 3.3% |
| Consumer Staples | 1.3% |
| Energy | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Tencent Holdings Ltd. | 16.6% |
| Alibaba Group Holding Ltd. | 12.5% |
| China Construction Bank Corp., Class H | 5.4% |
| Ping An Insurance Group Co. of China Ltd., Class H | 4.0% |
| Zijin Mining Group Co., Ltd., Class H | 3.8% |
| Contemporary Amperex Technology Co., Ltd., Class A | 3.2% |
| PDD Holdings, Inc., ADR | 3.2% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 3.1% |
| Sieyuan Electric Co., Ltd., Class A | 2.7% |
| NetEase, Inc. | 2.3% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 99.7% |
| Other | 0.5% |

---

## 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](g469787g79q07.jpg)

Columbia Greater China Fund \| Class A **\|** SSR158_01_(04/26) \|

# Columbia Greater China Fund
Institutional 3 Class \| CGCYX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Greater China 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 | $54 | 1.08%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $48253925 |
| **Total number of portfolio holdings** | 62 |
| **Portfolio turnover for the reporting period** | 27% |

---

Columbia Greater China Fund \| Institutional 3 Class **\|** SSR158_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Consumer Discretionary | 23.3% |
| Communication Services | 22.6% |
| Financials | 14.8% |
| Information Technology | 11.6% |
| Industrials | 10.7% |
| Materials | 7.3% |
| Health Care | 4.3% |
| Real Estate | 3.3% |
| Consumer Staples | 1.3% |
| Energy | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Tencent Holdings Ltd. | 16.6% |
| Alibaba Group Holding Ltd. | 12.5% |
| China Construction Bank Corp., Class H | 5.4% |
| Ping An Insurance Group Co. of China Ltd., Class H | 4.0% |
| Zijin Mining Group Co., Ltd., Class H | 3.8% |
| Contemporary Amperex Technology Co., Ltd., Class A | 3.2% |
| PDD Holdings, Inc., ADR | 3.2% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 3.1% |
| Sieyuan Electric Co., Ltd., Class A | 2.7% |
| NetEase, Inc. | 2.3% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 99.7% |
| Other | 0.5% |

---

## 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](g469787g79q07.jpg)

Columbia Greater China Fund \| Institutional 3 Class **\|** SSR158_17_(04/26) \|

# Columbia Greater China Fund
Institutional Class \| LNGZX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Greater China 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 | $60 | 1.21%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $48253925 |
| **Total number of portfolio holdings** | 62 |
| **Portfolio turnover for the reporting period** | 27% |

---

Columbia Greater China Fund \| Institutional Class **\|** SSR158_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

---

| | |
|:---|:---|
| Consumer Discretionary | 23.3% |
| Communication Services | 22.6% |
| Financials | 14.8% |
| Information Technology | 11.6% |
| Industrials | 10.7% |
| Materials | 7.3% |
| Health Care | 4.3% |
| Real Estate | 3.3% |
| Consumer Staples | 1.3% |
| Energy | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Tencent Holdings Ltd. | 16.6% |
| Alibaba Group Holding Ltd. | 12.5% |
| China Construction Bank Corp., Class H | 5.4% |
| Ping An Insurance Group Co. of China Ltd., Class H | 4.0% |
| Zijin Mining Group Co., Ltd., Class H | 3.8% |
| Contemporary Amperex Technology Co., Ltd., Class A | 3.2% |
| PDD Holdings, Inc., ADR | 3.2% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 3.1% |
| Sieyuan Electric Co., Ltd., Class A | 2.7% |
| NetEase, Inc. | 2.3% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 99.7% |
| Other | 0.5% |

---

## 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](g469787g79q07.jpg)

Columbia Greater China Fund \| Institutional Class **\|** SSR158_08_(04/26) \|

# Columbia International Dividend Income Fund
Class A \| CSVAX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia International Dividend Income 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 | $66 | 1.18%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $698810850 |
| **Total number of portfolio holdings** | 60 |
| **Portfolio turnover for the reporting period** | 3% |

---

Columbia International Dividend Income Fund \| Class A **\|** SSR154_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 | 15.0% |
| United States | 12.3% |
| United Kingdom | 9.0% |
| Germany | 8.7% |
| France | 8.3% |
| Canada | 8.2% |
| Switzerland | 7.0% |
| South Korea | 6.1% |
| Taiwan | 5.0% |
| Spain | 3.8% |
| Other | 16.1% |

---

### Top Holdings

---

| | |
|:---|:---|
| Samsung Electronics Co., Ltd. | 6.1% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 5.0% |
| Tokyo Electron Ltd. | 3.0% |
| Roche Holding AG, Genusschein Shares | 2.7% |
| BNP Paribas SA | 2.6% |
| Iberdrola SA | 2.5% |
| Anglo American PLC | 2.4% |
| GSK PLC | 2.3% |
| Royal Bank of Canada | 2.3% |
| ORIX Corp. | 2.2% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Financials | 22.2% |
| Information Technology | 17.4% |
| Industrials | 11.9% |
| Health Care | 9.8% |
| Materials | 8.4% |
| Communication Services | 7.1% |
| Consumer Staples | 6.0% |
| Consumer Discretionary | 5.9% |
| Energy | 5.6% |
| Utilities | 4.7% |

---

## 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](g469787g79q07.jpg)

Columbia International Dividend Income Fund \| Class A **\|** SSR154_01_(04/26) \|

# Columbia International Dividend Income Fund
Class S \| CSVEX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia International Dividend Income 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 S | $52 | 0.93%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $698810850 |
| **Total number of portfolio holdings** | 60 |
| **Portfolio turnover for the reporting period** | 3% |

---

Columbia International Dividend Income Fund \| Class S **\|** SSR154_16_(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 | 15.0% |
| United States | 12.3% |
| United Kingdom | 9.0% |
| Germany | 8.7% |
| France | 8.3% |
| Canada | 8.2% |
| Switzerland | 7.0% |
| South Korea | 6.1% |
| Taiwan | 5.0% |
| Spain | 3.8% |
| Other | 16.1% |

---

### Top Holdings

---

| | |
|:---|:---|
| Samsung Electronics Co., Ltd. | 6.1% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 5.0% |
| Tokyo Electron Ltd. | 3.0% |
| Roche Holding AG, Genusschein Shares | 2.7% |
| BNP Paribas SA | 2.6% |
| Iberdrola SA | 2.5% |
| Anglo American PLC | 2.4% |
| GSK PLC | 2.3% |
| Royal Bank of Canada | 2.3% |
| ORIX Corp. | 2.2% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Financials | 22.2% |
| Information Technology | 17.4% |
| Industrials | 11.9% |
| Health Care | 9.8% |
| Materials | 8.4% |
| Communication Services | 7.1% |
| Consumer Staples | 6.0% |
| Consumer Discretionary | 5.9% |
| Energy | 5.6% |
| Utilities | 4.7% |

---

## 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](g469787g79q07.jpg)

Columbia International Dividend Income Fund \| Class S **\|** SSR154_16_(04/26) \|

# Columbia International Dividend Income Fund
Institutional 2 Class \| CADPX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia International Dividend Income 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 | $45 | 0.81%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $698810850 |
| **Total number of portfolio holdings** | 60 |
| **Portfolio turnover for the reporting period** | 3% |

---

Columbia International Dividend Income Fund \| Institutional 2 Class **\|** SSR154_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 | 15.0% |
| United States | 12.3% |
| United Kingdom | 9.0% |
| Germany | 8.7% |
| France | 8.3% |
| Canada | 8.2% |
| Switzerland | 7.0% |
| South Korea | 6.1% |
| Taiwan | 5.0% |
| Spain | 3.8% |
| Other | 16.1% |

---

### Top Holdings

---

| | |
|:---|:---|
| Samsung Electronics Co., Ltd. | 6.1% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 5.0% |
| Tokyo Electron Ltd. | 3.0% |
| Roche Holding AG, Genusschein Shares | 2.7% |
| BNP Paribas SA | 2.6% |
| Iberdrola SA | 2.5% |
| Anglo American PLC | 2.4% |
| GSK PLC | 2.3% |
| Royal Bank of Canada | 2.3% |
| ORIX Corp. | 2.2% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Financials | 22.2% |
| Information Technology | 17.4% |
| Industrials | 11.9% |
| Health Care | 9.8% |
| Materials | 8.4% |
| Communication Services | 7.1% |
| Consumer Staples | 6.0% |
| Consumer Discretionary | 5.9% |
| Energy | 5.6% |
| Utilities | 4.7% |

---

## 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](g469787g79q07.jpg)

Columbia International Dividend Income Fund \| Institutional 2 Class **\|** SSR154_15_(04/26) \|

# Columbia International Dividend Income Fund
Institutional 3 Class \| CLSYX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia International Dividend Income 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 | $43 | 0.76%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $698810850 |
| **Total number of portfolio holdings** | 60 |
| **Portfolio turnover for the reporting period** | 3% |

---

Columbia International Dividend Income Fund \| Institutional 3 Class **\|** SSR154_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 | 15.0% |
| United States | 12.3% |
| United Kingdom | 9.0% |
| Germany | 8.7% |
| France | 8.3% |
| Canada | 8.2% |
| Switzerland | 7.0% |
| South Korea | 6.1% |
| Taiwan | 5.0% |
| Spain | 3.8% |
| Other | 16.1% |

---

### Top Holdings

---

| | |
|:---|:---|
| Samsung Electronics Co., Ltd. | 6.1% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 5.0% |
| Tokyo Electron Ltd. | 3.0% |
| Roche Holding AG, Genusschein Shares | 2.7% |
| BNP Paribas SA | 2.6% |
| Iberdrola SA | 2.5% |
| Anglo American PLC | 2.4% |
| GSK PLC | 2.3% |
| Royal Bank of Canada | 2.3% |
| ORIX Corp. | 2.2% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Financials | 22.2% |
| Information Technology | 17.4% |
| Industrials | 11.9% |
| Health Care | 9.8% |
| Materials | 8.4% |
| Communication Services | 7.1% |
| Consumer Staples | 6.0% |
| Consumer Discretionary | 5.9% |
| Energy | 5.6% |
| Utilities | 4.7% |

---

## 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](g469787g79q07.jpg)

Columbia International Dividend Income Fund \| Institutional 3 Class **\|** SSR154_17_(04/26) \|

# Columbia International Dividend Income Fund
Institutional Class \| CSVFX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia International Dividend Income 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 | $52 | 0.93%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $698810850 |
| **Total number of portfolio holdings** | 60 |
| **Portfolio turnover for the reporting period** | 3% |

---

Columbia International Dividend Income Fund \| Institutional Class **\|** SSR154_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 | 15.0% |
| United States | 12.3% |
| United Kingdom | 9.0% |
| Germany | 8.7% |
| France | 8.3% |
| Canada | 8.2% |
| Switzerland | 7.0% |
| South Korea | 6.1% |
| Taiwan | 5.0% |
| Spain | 3.8% |
| Other | 16.1% |

---

### Top Holdings

---

| | |
|:---|:---|
| Samsung Electronics Co., Ltd. | 6.1% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 5.0% |
| Tokyo Electron Ltd. | 3.0% |
| Roche Holding AG, Genusschein Shares | 2.7% |
| BNP Paribas SA | 2.6% |
| Iberdrola SA | 2.5% |
| Anglo American PLC | 2.4% |
| GSK PLC | 2.3% |
| Royal Bank of Canada | 2.3% |
| ORIX Corp. | 2.2% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Financials | 22.2% |
| Information Technology | 17.4% |
| Industrials | 11.9% |
| Health Care | 9.8% |
| Materials | 8.4% |
| Communication Services | 7.1% |
| Consumer Staples | 6.0% |
| Consumer Discretionary | 5.9% |
| Energy | 5.6% |
| Utilities | 4.7% |

---

## 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](g469787g79q07.jpg)

Columbia International Dividend Income Fund \| Institutional Class **\|** SSR154_08_(04/26) \|

# Columbia Select Mid Cap Growth Fund
Class A \| CBSAX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Select Mid 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 | $56 | 1.11%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $1980350091 |
| **Total number of portfolio holdings** | 69 |
| **Portfolio turnover for the reporting period** | 101% |

---

Columbia Select Mid Cap Growth Fund \| Class A **\|** SSR194_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

---

| | |
|:---|:---|
| Industrials | 30.4% |
| Consumer Discretionary | 16.6% |
| Information Technology | 13.7% |
| Health Care | 11.5% |
| Communication Services | 9.1% |
| Consumer Staples | 4.4% |
| Materials | 3.4% |
| Energy | 3.2% |
| Utilities | 2.0% |
| Financials | 1.4% |

---

### Top Holdings

---

| | |
|:---|:---|
| Vertiv Holdings Co. | 4.6% |
| Howmet Aerospace, Inc. | 3.4% |
| Take-Two Interactive Software, Inc. | 2.9% |
| Comfort Systems U.S.A., Inc. | 2.3% |
| Cloudflare, Inc. | 2.3% |
| Celsius Holdings, Inc. | 2.2% |
| Tapestry, Inc. | 2.2% |
| Casey's General Stores, Inc. | 2.2% |
| SharkNinja, Inc. | 2.1% |
| Carpenter Technology Corp. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 95.7% |
| Money Market Funds | 4.1% |

---

## 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](g469787g79q07.jpg)

Columbia Select Mid Cap Growth Fund \| Class A **\|** SSR194_01_(04/26) \|

# Columbia Select Mid Cap Growth Fund
Class C \| CMCCX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Select Mid 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 C | $94 | 1.86%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $1980350091 |
| **Total number of portfolio holdings** | 69 |
| **Portfolio turnover for the reporting period** | 101% |

---

Columbia Select Mid Cap Growth Fund \| Class C **\|** SSR194_04_(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

---

| | |
|:---|:---|
| Industrials | 30.4% |
| Consumer Discretionary | 16.6% |
| Information Technology | 13.7% |
| Health Care | 11.5% |
| Communication Services | 9.1% |
| Consumer Staples | 4.4% |
| Materials | 3.4% |
| Energy | 3.2% |
| Utilities | 2.0% |
| Financials | 1.4% |

---

### Top Holdings

---

| | |
|:---|:---|
| Vertiv Holdings Co. | 4.6% |
| Howmet Aerospace, Inc. | 3.4% |
| Take-Two Interactive Software, Inc. | 2.9% |
| Comfort Systems U.S.A., Inc. | 2.3% |
| Cloudflare, Inc. | 2.3% |
| Celsius Holdings, Inc. | 2.2% |
| Tapestry, Inc. | 2.2% |
| Casey's General Stores, Inc. | 2.2% |
| SharkNinja, Inc. | 2.1% |
| Carpenter Technology Corp. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 95.7% |
| Money Market Funds | 4.1% |

---

## 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](g469787g79q07.jpg)

Columbia Select Mid Cap Growth Fund \| Class C **\|** SSR194_04_(04/26) \|

# Columbia Select Mid Cap Growth Fund
Class S \| CLSDX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Select Mid 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 S | $43 | 0.86%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $1980350091 |
| **Total number of portfolio holdings** | 69 |
| **Portfolio turnover for the reporting period** | 101% |

---

Columbia Select Mid Cap Growth Fund \| Class S **\|** SSR194_16_(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

---

| | |
|:---|:---|
| Industrials | 30.4% |
| Consumer Discretionary | 16.6% |
| Information Technology | 13.7% |
| Health Care | 11.5% |
| Communication Services | 9.1% |
| Consumer Staples | 4.4% |
| Materials | 3.4% |
| Energy | 3.2% |
| Utilities | 2.0% |
| Financials | 1.4% |

---

### Top Holdings

---

| | |
|:---|:---|
| Vertiv Holdings Co. | 4.6% |
| Howmet Aerospace, Inc. | 3.4% |
| Take-Two Interactive Software, Inc. | 2.9% |
| Comfort Systems U.S.A., Inc. | 2.3% |
| Cloudflare, Inc. | 2.3% |
| Celsius Holdings, Inc. | 2.2% |
| Tapestry, Inc. | 2.2% |
| Casey's General Stores, Inc. | 2.2% |
| SharkNinja, Inc. | 2.1% |
| Carpenter Technology Corp. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 95.7% |
| Money Market Funds | 4.1% |

---

## 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](g469787g79q07.jpg)

Columbia Select Mid Cap Growth Fund \| Class S **\|** SSR194_16_(04/26) \|

# Columbia Select Mid Cap Growth Fund
Institutional 2 Class \| CMGVX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Select Mid 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 2 Class | $42 | 0.83%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $1980350091 |
| **Total number of portfolio holdings** | 69 |
| **Portfolio turnover for the reporting period** | 101% |

---

Columbia Select Mid Cap Growth Fund \| Institutional 2 Class **\|** SSR194_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Industrials | 30.4% |
| Consumer Discretionary | 16.6% |
| Information Technology | 13.7% |
| Health Care | 11.5% |
| Communication Services | 9.1% |
| Consumer Staples | 4.4% |
| Materials | 3.4% |
| Energy | 3.2% |
| Utilities | 2.0% |
| Financials | 1.4% |

---

### Top Holdings

---

| | |
|:---|:---|
| Vertiv Holdings Co. | 4.6% |
| Howmet Aerospace, Inc. | 3.4% |
| Take-Two Interactive Software, Inc. | 2.9% |
| Comfort Systems U.S.A., Inc. | 2.3% |
| Cloudflare, Inc. | 2.3% |
| Celsius Holdings, Inc. | 2.2% |
| Tapestry, Inc. | 2.2% |
| Casey's General Stores, Inc. | 2.2% |
| SharkNinja, Inc. | 2.1% |
| Carpenter Technology Corp. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 95.7% |
| Money Market Funds | 4.1% |

---

## 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](g469787g79q07.jpg)

Columbia Select Mid Cap Growth Fund \| Institutional 2 Class **\|** SSR194_15_(04/26) \|

# Columbia Select Mid Cap Growth Fund
Institutional 3 Class \| CMGYX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Select Mid 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 3 Class | $39 | 0.78%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $1980350091 |
| **Total number of portfolio holdings** | 69 |
| **Portfolio turnover for the reporting period** | 101% |

---

Columbia Select Mid Cap Growth Fund \| Institutional 3 Class **\|** SSR194_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Industrials | 30.4% |
| Consumer Discretionary | 16.6% |
| Information Technology | 13.7% |
| Health Care | 11.5% |
| Communication Services | 9.1% |
| Consumer Staples | 4.4% |
| Materials | 3.4% |
| Energy | 3.2% |
| Utilities | 2.0% |
| Financials | 1.4% |

---

### Top Holdings

---

| | |
|:---|:---|
| Vertiv Holdings Co. | 4.6% |
| Howmet Aerospace, Inc. | 3.4% |
| Take-Two Interactive Software, Inc. | 2.9% |
| Comfort Systems U.S.A., Inc. | 2.3% |
| Cloudflare, Inc. | 2.3% |
| Celsius Holdings, Inc. | 2.2% |
| Tapestry, Inc. | 2.2% |
| Casey's General Stores, Inc. | 2.2% |
| SharkNinja, Inc. | 2.1% |
| Carpenter Technology Corp. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 95.7% |
| Money Market Funds | 4.1% |

---

## 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](g469787g79q07.jpg)

Columbia Select Mid Cap Growth Fund \| Institutional 3 Class **\|** SSR194_17_(04/26) \|

# Columbia Select Mid Cap Growth Fund
Institutional Class \| CLSPX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Select Mid 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 | $43 | 0.86%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $1980350091 |
| **Total number of portfolio holdings** | 69 |
| **Portfolio turnover for the reporting period** | 101% |

---

Columbia Select Mid Cap Growth Fund \| Institutional Class **\|** SSR194_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

---

| | |
|:---|:---|
| Industrials | 30.4% |
| Consumer Discretionary | 16.6% |
| Information Technology | 13.7% |
| Health Care | 11.5% |
| Communication Services | 9.1% |
| Consumer Staples | 4.4% |
| Materials | 3.4% |
| Energy | 3.2% |
| Utilities | 2.0% |
| Financials | 1.4% |

---

### Top Holdings

---

| | |
|:---|:---|
| Vertiv Holdings Co. | 4.6% |
| Howmet Aerospace, Inc. | 3.4% |
| Take-Two Interactive Software, Inc. | 2.9% |
| Comfort Systems U.S.A., Inc. | 2.3% |
| Cloudflare, Inc. | 2.3% |
| Celsius Holdings, Inc. | 2.2% |
| Tapestry, Inc. | 2.2% |
| Casey's General Stores, Inc. | 2.2% |
| SharkNinja, Inc. | 2.1% |
| Carpenter Technology Corp. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 95.7% |
| Money Market Funds | 4.1% |

---

## 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](g469787g79q07.jpg)

Columbia Select Mid Cap Growth Fund \| Institutional Class **\|** SSR194_08_(04/26) \|

# Columbia Small Cap Growth Fund
Class A \| CGOAX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia 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 | $63 | 1.19%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $3195850010 |
| **Total number of portfolio holdings** | 107 |
| **Portfolio turnover for the reporting period** | 78% |

---

Columbia Small Cap Growth Fund \| Class A **\|** SSR226_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

---

| | |
|:---|:---|
| Industrials | 29.4% |
| Health Care | 19.3% |
| Information Technology | 17.8% |
| Consumer Discretionary | 10.5% |
| Consumer Staples | 6.2% |
| Financials | 4.8% |
| Energy | 4.7% |
| Communication Services | 3.7% |
| Materials | 1.7% |
| Utilities | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Celsius Holdings, Inc. | 2.6% |
| RBC Bearings, Inc. | 2.4% |
| Lumentum Holdings, Inc. | 2.3% |
| Carpenter Technology Corp. | 2.2% |
| InterDigital, Inc. | 2.2% |
| ICU Medical, Inc. | 2.2% |
| WESCO International, Inc. | 2.2% |
| Bloom Energy Corp., Class A | 2.1% |
| SiteOne Landscape Supply, Inc. | 2.1% |
| Mercury Systems, Inc. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.6% |
| Money Market Funds | 1.2% |

---

## 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](g469787g79q07.jpg)

Columbia Small Cap Growth Fund \| Class A **\|** SSR226_01_(04/26) \|

# Columbia Small Cap Growth Fund
Class C \| CGOCX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia 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 C | $102 | 1.94%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $3195850010 |
| **Total number of portfolio holdings** | 107 |
| **Portfolio turnover for the reporting period** | 78% |

---

Columbia Small Cap Growth Fund \| Class C **\|** SSR226_04_(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

---

| | |
|:---|:---|
| Industrials | 29.4% |
| Health Care | 19.3% |
| Information Technology | 17.8% |
| Consumer Discretionary | 10.5% |
| Consumer Staples | 6.2% |
| Financials | 4.8% |
| Energy | 4.7% |
| Communication Services | 3.7% |
| Materials | 1.7% |
| Utilities | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Celsius Holdings, Inc. | 2.6% |
| RBC Bearings, Inc. | 2.4% |
| Lumentum Holdings, Inc. | 2.3% |
| Carpenter Technology Corp. | 2.2% |
| InterDigital, Inc. | 2.2% |
| ICU Medical, Inc. | 2.2% |
| WESCO International, Inc. | 2.2% |
| Bloom Energy Corp., Class A | 2.1% |
| SiteOne Landscape Supply, Inc. | 2.1% |
| Mercury Systems, Inc. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.6% |
| Money Market Funds | 1.2% |

---

## 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](g469787g79q07.jpg)

Columbia Small Cap Growth Fund \| Class C **\|** SSR226_04_(04/26) \|

# Columbia Small Cap Growth Fund
Class R \| CCRIX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia 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 R | $76 | 1.44%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $3195850010 |
| **Total number of portfolio holdings** | 107 |
| **Portfolio turnover for the reporting period** | 78% |

---

Columbia Small Cap Growth Fund \| Class R **\|** SSR226_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Industrials | 29.4% |
| Health Care | 19.3% |
| Information Technology | 17.8% |
| Consumer Discretionary | 10.5% |
| Consumer Staples | 6.2% |
| Financials | 4.8% |
| Energy | 4.7% |
| Communication Services | 3.7% |
| Materials | 1.7% |
| Utilities | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Celsius Holdings, Inc. | 2.6% |
| RBC Bearings, Inc. | 2.4% |
| Lumentum Holdings, Inc. | 2.3% |
| Carpenter Technology Corp. | 2.2% |
| InterDigital, Inc. | 2.2% |
| ICU Medical, Inc. | 2.2% |
| WESCO International, Inc. | 2.2% |
| Bloom Energy Corp., Class A | 2.1% |
| SiteOne Landscape Supply, Inc. | 2.1% |
| Mercury Systems, Inc. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.6% |
| Money Market Funds | 1.2% |

---

## 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](g469787g79q07.jpg)

Columbia Small Cap Growth Fund \| Class R **\|** SSR226_12_(04/26) \|

# Columbia Small Cap Growth Fund
Class S \| CMSHX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia 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 S | $50 | 0.94%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $3195850010 |
| **Total number of portfolio holdings** | 107 |
| **Portfolio turnover for the reporting period** | 78% |

---

Columbia Small Cap Growth Fund \| Class S **\|** SSR226_16_(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

---

| | |
|:---|:---|
| Industrials | 29.4% |
| Health Care | 19.3% |
| Information Technology | 17.8% |
| Consumer Discretionary | 10.5% |
| Consumer Staples | 6.2% |
| Financials | 4.8% |
| Energy | 4.7% |
| Communication Services | 3.7% |
| Materials | 1.7% |
| Utilities | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Celsius Holdings, Inc. | 2.6% |
| RBC Bearings, Inc. | 2.4% |
| Lumentum Holdings, Inc. | 2.3% |
| Carpenter Technology Corp. | 2.2% |
| InterDigital, Inc. | 2.2% |
| ICU Medical, Inc. | 2.2% |
| WESCO International, Inc. | 2.2% |
| Bloom Energy Corp., Class A | 2.1% |
| SiteOne Landscape Supply, Inc. | 2.1% |
| Mercury Systems, Inc. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.6% |
| Money Market Funds | 1.2% |

---

## 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](g469787g79q07.jpg)

Columbia Small Cap Growth Fund \| Class S **\|** SSR226_16_(04/26) \|

# Columbia Small Cap Growth Fund
Institutional 2 Class \| CSCRX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia 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 2 Class | $46 | 0.87%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $3195850010 |
| **Total number of portfolio holdings** | 107 |
| **Portfolio turnover for the reporting period** | 78% |

---

Columbia Small Cap Growth Fund \| Institutional 2 Class **\|** SSR226_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Industrials | 29.4% |
| Health Care | 19.3% |
| Information Technology | 17.8% |
| Consumer Discretionary | 10.5% |
| Consumer Staples | 6.2% |
| Financials | 4.8% |
| Energy | 4.7% |
| Communication Services | 3.7% |
| Materials | 1.7% |
| Utilities | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Celsius Holdings, Inc. | 2.6% |
| RBC Bearings, Inc. | 2.4% |
| Lumentum Holdings, Inc. | 2.3% |
| Carpenter Technology Corp. | 2.2% |
| InterDigital, Inc. | 2.2% |
| ICU Medical, Inc. | 2.2% |
| WESCO International, Inc. | 2.2% |
| Bloom Energy Corp., Class A | 2.1% |
| SiteOne Landscape Supply, Inc. | 2.1% |
| Mercury Systems, Inc. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.6% |
| Money Market Funds | 1.2% |

---

## 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](g469787g79q07.jpg)

Columbia Small Cap Growth Fund \| Institutional 2 Class **\|** SSR226_15_(04/26) \|

# Columbia Small Cap Growth Fund
Institutional 3 Class \| CSGYX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia 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 3 Class | $43 | 0.82%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $3195850010 |
| **Total number of portfolio holdings** | 107 |
| **Portfolio turnover for the reporting period** | 78% |

---

Columbia Small Cap Growth Fund \| Institutional 3 Class **\|** SSR226_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.

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Industrials | 29.4% |
| Health Care | 19.3% |
| Information Technology | 17.8% |
| Consumer Discretionary | 10.5% |
| Consumer Staples | 6.2% |
| Financials | 4.8% |
| Energy | 4.7% |
| Communication Services | 3.7% |
| Materials | 1.7% |
| Utilities | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Celsius Holdings, Inc. | 2.6% |
| RBC Bearings, Inc. | 2.4% |
| Lumentum Holdings, Inc. | 2.3% |
| Carpenter Technology Corp. | 2.2% |
| InterDigital, Inc. | 2.2% |
| ICU Medical, Inc. | 2.2% |
| WESCO International, Inc. | 2.2% |
| Bloom Energy Corp., Class A | 2.1% |
| SiteOne Landscape Supply, Inc. | 2.1% |
| Mercury Systems, Inc. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.6% |
| Money Market Funds | 1.2% |

---

## 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](g469787g79q07.jpg)

Columbia Small Cap Growth Fund \| Institutional 3 Class **\|** SSR226_17_(04/26) \|

# Columbia Small Cap Growth Fund
Institutional Class \| CMSCX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia 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 | $50 | 0.94%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $3195850010 |
| **Total number of portfolio holdings** | 107 |
| **Portfolio turnover for the reporting period** | 78% |

---

Columbia Small Cap Growth Fund \| Institutional Class **\|** SSR226_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

---

| | |
|:---|:---|
| Industrials | 29.4% |
| Health Care | 19.3% |
| Information Technology | 17.8% |
| Consumer Discretionary | 10.5% |
| Consumer Staples | 6.2% |
| Financials | 4.8% |
| Energy | 4.7% |
| Communication Services | 3.7% |
| Materials | 1.7% |
| Utilities | 0.5% |

---

### Top Holdings

---

| | |
|:---|:---|
| Celsius Holdings, Inc. | 2.6% |
| RBC Bearings, Inc. | 2.4% |
| Lumentum Holdings, Inc. | 2.3% |
| Carpenter Technology Corp. | 2.2% |
| InterDigital, Inc. | 2.2% |
| ICU Medical, Inc. | 2.2% |
| WESCO International, Inc. | 2.2% |
| Bloom Energy Corp., Class A | 2.1% |
| SiteOne Landscape Supply, Inc. | 2.1% |
| Mercury Systems, Inc. | 2.1% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.6% |
| Money Market Funds | 1.2% |

---

## 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](g469787g79q07.jpg)

Columbia Small Cap Growth Fund \| Institutional Class **\|** SSR226_08_(04/26) \|

# Columbia Strategic Income Fund
Class A \| COSIX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Strategic Income 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 | $47 | 0.93%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $6052085197 |
| **Total number of portfolio holdings** | 1325 |
| **Portfolio turnover for the reporting period** | 124% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 28% |

---

Columbia Strategic Income Fund \| Class A **\|** SSR232_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.

### Derivative Exposure

---

| | |
|:---|:---|
| | Long |
| Credit Risk | 2.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 54.5% |
|  | Short |
| Credit Risk | 0.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 64.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Corporate Bonds & Notes | 37.2% |
| Residential Mortgage-Backed Securities - Agency | 30.9% |
| Foreign Government Obligations | 11.6% |
| Senior Loans | 10.5% |
| Asset-Backed Securities - Non-Agency | 8.0% |
| Residential Mortgage-Backed Securities - Non-Agency | 6.6% |
| Money Market Funds | 6.1% |
| Other | 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.

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g469787g79q07.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 Strategic Income Fund \| Class A **\|** SSR232_01_(04/26) \|

# Columbia Strategic Income Fund
Class C \| CLSCX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Strategic Income 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 C | $84 | 1.68%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $6052085197 |
| **Total number of portfolio holdings** | 1325 |
| **Portfolio turnover for the reporting period** | 124% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 28% |

---

Columbia Strategic Income Fund \| Class C **\|** SSR232_04_(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.

### Derivative Exposure

---

| | |
|:---|:---|
| | Long |
| Credit Risk | 2.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 54.5% |
|  | Short |
| Credit Risk | 0.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 64.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Corporate Bonds & Notes | 37.2% |
| Residential Mortgage-Backed Securities - Agency | 30.9% |
| Foreign Government Obligations | 11.6% |
| Senior Loans | 10.5% |
| Asset-Backed Securities - Non-Agency | 8.0% |
| Residential Mortgage-Backed Securities - Non-Agency | 6.6% |
| Money Market Funds | 6.1% |
| Other | 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.

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g469787g79q07.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 Strategic Income Fund \| Class C **\|** SSR232_04_(04/26) \|

# Columbia Strategic Income Fund
Class R \| CSNRX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Strategic Income 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 | $59 | 1.18%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $6052085197 |
| **Total number of portfolio holdings** | 1325 |
| **Portfolio turnover for the reporting period** | 124% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 28% |

---

Columbia Strategic Income Fund \| Class R **\|** SSR232_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.

### Derivative Exposure

---

| | |
|:---|:---|
| | Long |
| Credit Risk | 2.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 54.5% |
|  | Short |
| Credit Risk | 0.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 64.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Corporate Bonds & Notes | 37.2% |
| Residential Mortgage-Backed Securities - Agency | 30.9% |
| Foreign Government Obligations | 11.6% |
| Senior Loans | 10.5% |
| Asset-Backed Securities - Non-Agency | 8.0% |
| Residential Mortgage-Backed Securities - Non-Agency | 6.6% |
| Money Market Funds | 6.1% |
| Other | 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.

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g469787g79q07.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 Strategic Income Fund \| Class R **\|** SSR232_12_(04/26) \|

# Columbia Strategic Income Fund
Class S \| LSIDX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Strategic Income 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 S | $34 | 0.68%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $6052085197 |
| **Total number of portfolio holdings** | 1325 |
| **Portfolio turnover for the reporting period** | 124% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 28% |

---

Columbia Strategic Income Fund \| Class S **\|** SSR232_16_(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.

### Derivative Exposure

---

| | |
|:---|:---|
| | Long |
| Credit Risk | 2.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 54.5% |
|  | Short |
| Credit Risk | 0.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 64.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Corporate Bonds & Notes | 37.2% |
| Residential Mortgage-Backed Securities - Agency | 30.9% |
| Foreign Government Obligations | 11.6% |
| Senior Loans | 10.5% |
| Asset-Backed Securities - Non-Agency | 8.0% |
| Residential Mortgage-Backed Securities - Non-Agency | 6.6% |
| Money Market Funds | 6.1% |
| Other | 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.

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g469787g79q07.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 Strategic Income Fund \| Class S **\|** SSR232_16_(04/26) \|

# Columbia Strategic Income Fund
Institutional 2 Class \| CTIVX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Strategic Income 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 | $33 | 0.65%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $6052085197 |
| **Total number of portfolio holdings** | 1325 |
| **Portfolio turnover for the reporting period** | 124% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 28% |

---

Columbia Strategic Income Fund \| Institutional 2 Class **\|** SSR232_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.

### Derivative Exposure

---

| | |
|:---|:---|
| | Long |
| Credit Risk | 2.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 54.5% |
|  | Short |
| Credit Risk | 0.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 64.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Corporate Bonds & Notes | 37.2% |
| Residential Mortgage-Backed Securities - Agency | 30.9% |
| Foreign Government Obligations | 11.6% |
| Senior Loans | 10.5% |
| Asset-Backed Securities - Non-Agency | 8.0% |
| Residential Mortgage-Backed Securities - Non-Agency | 6.6% |
| Money Market Funds | 6.1% |
| Other | 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.

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g469787g79q07.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 Strategic Income Fund \| Institutional 2 Class **\|** SSR232_15_(04/26) \|

# Columbia Strategic Income Fund
Institutional 3 Class \| CPHUX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Strategic Income 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 | $30 | 0.60%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $6052085197 |
| **Total number of portfolio holdings** | 1325 |
| **Portfolio turnover for the reporting period** | 124% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 28% |

---

Columbia Strategic Income Fund \| Institutional 3 Class **\|** SSR232_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.

### Derivative Exposure

---

| | |
|:---|:---|
| | Long |
| Credit Risk | 2.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 54.5% |
|  | Short |
| Credit Risk | 0.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 64.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Corporate Bonds & Notes | 37.2% |
| Residential Mortgage-Backed Securities - Agency | 30.9% |
| Foreign Government Obligations | 11.6% |
| Senior Loans | 10.5% |
| Asset-Backed Securities - Non-Agency | 8.0% |
| Residential Mortgage-Backed Securities - Non-Agency | 6.6% |
| Money Market Funds | 6.1% |
| Other | 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.

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g469787g79q07.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 Strategic Income Fund \| Institutional 3 Class **\|** SSR232_17_(04/26) \|

# Columbia Strategic Income Fund
Institutional Class \| LSIZX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Columbia Strategic Income 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 | $34 | 0.68%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $6052085197 |
| **Total number of portfolio holdings** | 1325 |
| **Portfolio turnover for the reporting period** | 124% |
| **Portfolio turnover as of the end of the period excluding transactions in to be announced securities** | 28% |

---

Columbia Strategic Income Fund \| Institutional Class **\|** SSR232_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.

### Derivative Exposure

---

| | |
|:---|:---|
| | Long |
| Credit Risk | 2.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 54.5% |
|  | Short |
| Credit Risk | 0.7% |
| Foreign Exchange Risk | 1.6% |
| Interest Rate Risk | 64.2% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Corporate Bonds & Notes | 37.2% |
| Residential Mortgage-Backed Securities - Agency | 30.9% |
| Foreign Government Obligations | 11.6% |
| Senior Loans | 10.5% |
| Asset-Backed Securities - Non-Agency | 8.0% |
| Residential Mortgage-Backed Securities - Non-Agency | 6.6% |
| Money Market Funds | 6.1% |
| Other | 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.

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g469787g79q07.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 Strategic Income Fund \| Institutional Class **\|** SSR232_08_(04/26) \|

# Multi-Manager Alternative Strategies Fund
Institutional Class \| CZAMX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Multi-Manager Alternative Strategies 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 | $65 | 1.26%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $621302045 |
| **Total number of portfolio holdings** | 1598 |
| **Portfolio turnover for the reporting period** | 74% |

---

Multi-Manager Alternative Strategies Fund \| Institutional Class **\|** SSR100_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.

### Derivative Exposure

---

| | |
|:---|:---|
| | Long |
| Commodity-Related Investment Risk | 7.9% |
| Equity Risk | 13.2% |
| Foreign Exchange Risk | 44.4% |
| Interest Rate Risk | 38.1% |
|  | Short |
| Commodity-Related Investment Risk | 2.8% |
| Equity Risk | 0.1% |
| Foreign Exchange Risk | 24.1% |
| Interest Rate Risk | 46.6% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Money Market Funds | 40.7% |
| Corporate Bonds & Notes | 18.9% |
| Residential Mortgage-Backed Securities - Non-Agency | 10.4% |
| Residential Mortgage-Backed Securities - Agency | 9.5% |
| Foreign Government Obligations | 6.3% |
| Commercial Mortgage-Backed Securities - Non-Agency | 4.7% |
| Asset-Backed Securities - Non-Agency | 3.9% |
| Senior Loans | 2.5% |
| Other | 3.5% |

---

## 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.

You may obtain the current net asset value (NAV) of Fund shares at no cost by calling 1-800-345-6611 or by sending an

e-mail to serviceinquiries@columbiathreadneedle.com.

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.columbiathreadneedleus.com/resources/literature](g469787g79q07.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**

Multi-Manager Alternative Strategies Fund \| Institutional Class **\|** SSR100_08_(04/26) \|

# Multi-Manager International Equity Strategies Fund
Institutional Class \| CMIEX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Multi-Manager International Equity Strategies 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 | $49 | 0.91%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $3189364985 |
| **Total number of portfolio holdings** | 621 |
| **Portfolio turnover for the reporting period** | 21% |

---

Multi-Manager International Equity Strategies Fund \| Institutional Class **\|** SSR302_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 | 18.3% |
| United Kingdom | 16.3% |
| France | 11.7% |
| Germany | 7.7% |
| Netherlands | 5.8% |
| United States | 4.4% |
| Italy | 4.0% |
| China | 3.9% |
| Hong Kong | 3.3% |
| Switzerland | 3.3% |
| Other | 20.4% |

---

### Top Holdings

---

| | |
|:---|:---|
| ASML Holding NV | 2.3% |
| Kering SA | 1.9% |
| Roche Holding AG, Genusschein Shares | 1.7% |
| Renesas Electronics Corp. | 1.7% |
| BNP Paribas SA | 1.5% |
| AstraZeneca PLC | 1.5% |
| Alstom SA | 1.5% |
| SAP SE | 1.4% |
| Infineon Technologies AG | 1.4% |
| Barclays Bank PLC | 1.3% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Financials | 20.3% |
| Industrials | 17.8% |
| Information Technology | 17.3% |
| Health Care | 10.8% |
| Consumer Discretionary | 8.9% |
| Materials | 6.6% |
| Consumer Staples | 5.8% |
| Communication Services | 5.5% |
| Energy | 2.2% |
| Utilities | 2.2% |
| Other | 1.0% |

---

## 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](g469787g79q07.jpg)

Multi-Manager International Equity Strategies Fund \| Institutional Class **\|** SSR302_08_(04/26) \|

# Multi-Manager Small Cap Equity Strategies Fund
Institutional Class \| CZMSX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Multi-Manager Small Cap Equity Strategies 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 | $50 | 0.98%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $1226641367 |
| **Total number of portfolio holdings** | 793 |
| **Portfolio turnover for the reporting period** | 29% |

---

Multi-Manager Small Cap Equity Strategies Fund \| Institutional Class **\|** SSR102_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

---

| | |
|:---|:---|
| Industrials | 25.1% |
| Financials | 17.1% |
| Health Care | 14.3% |
| Information Technology | 12.6% |
| Consumer Discretionary | 10.7% |
| Energy | 5.2% |
| Materials | 3.7% |
| Real Estate | 3.4% |
| Consumer Staples | 3.0% |
| Communication Services | 1.9% |
| Other | 1.6% |

---

### Top Holdings

---

| | |
|:---|:---|
| Casella Waste Systems, Inc., Class A | 1.2% |
| SPX Technologies, Inc. | 1.0% |
| RBC Bearings, Inc. | 0.9% |
| LeMaitre Vascular, Inc. | 0.8% |
| Merit Medical Systems, Inc. | 0.8% |
| FirstService Corp. | 0.8% |
| Balchem Corp. | 0.8% |
| ESCO Technologies, Inc. | 0.8% |
| Novanta, Inc. | 0.7% |
| Construction Partners, Inc., Class A | 0.7% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Common Stocks | 98.6% |
| Money Market Funds | 1.4% |

---

## 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](g469787g79q07.jpg)

Multi-Manager Small Cap Equity Strategies Fund \| Institutional Class **\|** SSR102_08_(04/26) \|

# Multi-Manager Total Return Bond Strategies Fund
Institutional Class \| CTRZX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Multi-Manager Total Return Bond Strategies 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 | $24 | 0.48%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $13201821062 |
| **Total number of portfolio holdings** | 3932 |
| **Portfolio turnover for the reporting period** | 115% |

---

Multi-Manager Total Return Bond Strategies Fund \| Institutional Class **\|** SSR101_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.

### Derivative Exposure

---

| | |
|:---|:---|
| | Long |
| Credit Risk | 2.3% |
| Foreign Exchange Risk | 0.2% |
| Interest Rate Risk | 23.4% |
|  | Short |
| Foreign Exchange Risk | 0.7% |
| Interest Rate Risk | 11.7% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Corporate Bonds & Notes | 27.0% |
| Residential Mortgage-Backed Securities - Agency | 25.2% |
| U.S. Treasury Obligations | 15.3% |
| Money Market Funds | 14.7% |
| Asset-Backed Securities - Non-Agency | 12.4% |
| Commercial Mortgage-Backed Securities - Non-Agency | 6.7% |
| Residential Mortgage-Backed Securities - Non-Agency | 5.6% |
| Foreign Government Obligations | 1.7% |
| Other | 1.2% |

---

## 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](g469787g79q07.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**

Multi-Manager Total Return Bond Strategies Fund \| Institutional Class **\|** SSR101_08_(04/26) \|

# Multisector Bond SMA Completion Portfolio
MBSAX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Multisector Bond SMA Completion Portfolio (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)

---

| | | |
|:---|:---|:---|
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Multisector Bond SMA Completion Portfolio | $0 | 0.00%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $101782728 |
| **Total number of portfolio holdings** | 252 |
| **Portfolio turnover for the reporting period** | 279% |

---

Multisector Bond SMA Completion Portfolio \| SSR308_00_(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.

### Derivative Exposure

---

| | |
|:---|:---|
| | Long |
| Credit Risk | 63.5% |
| Foreign Exchange Risk | 2.5% |
| Interest Rate Risk | 37.8% |
|  | Short |
| Foreign Exchange Risk | 3.1% |
| Interest Rate Risk | 11.7% |

---

#### Asset Categories

---

| | |
|:---|:---|
| Residential Mortgage-Backed Securities - Agency | 52.4% |
| Senior Loans | 23.7% |
| Money Market Funds | 21.8% |
| Foreign Government Obligations | 19.2% |
| Asset-Backed Securities - Non-Agency | 15.2% |
| Residential Mortgage-Backed Securities - Non-Agency | 8.4% |
| U.S. Treasury Obligations | 2.3% |
| Other | 0.8% |

---

## 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](g469787g79q07.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**

Multisector Bond SMA Completion Portfolio \| SSR308_00_(04/26) \|

# Overseas SMA Completion Portfolio
OSCBX

![Image](g469787g31v88.jpg)

## Semi-Annual Shareholder Report \| February 28, 2026
This semi-annual shareholder report contains important information about Overseas SMA Completion Portfolio (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)

---

| | | |
|:---|:---|:---|
| Fund | Cost of a $10,000 investment | Cost paid as a percentage of a $10,000 investment |
| Overseas SMA Completion Portfolio | $0 | 0.00%<sup>Footnote Reference(a)</sup> |

---

---

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

---

## Key Fund Statistics

---

| | |
|:---|:---|
| **Fund net assets** | $18240063 |
| **Total number of portfolio holdings** | 45 |
| **Portfolio turnover for the reporting period** | 17% |

---

Overseas SMA Completion Portfolio \| SSR307_00_(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 | 37.2% |
| Italy | 7.8% |
| United Kingdom | 6.5% |
| United States | 5.8% |
| Australia | 5.0% |
| Greece | 4.6% |
| United Arab Emirates | 4.4% |
| Germany | 2.8% |
| Hong Kong | 2.7% |
| Norway | 2.6% |
| Other | 19.6% |

---

### Top Holdings

---

| | |
|:---|:---|
| Northern Star Resources Ltd. | 5.0% |
| BPER Banca SPA | 4.6% |
| Piraeus Bank SA | 4.6% |
| Emaar Properties PJSC | 4.3% |
| Mebuki Financial Group, Inc. | 4.1% |
| Tokyo Tatemono Co., Ltd. | 3.4% |
| Sankyo Co., Ltd. | 2.8% |
| Shimamura Co., Ltd. | 2.7% |
| Toyota Tsusho Corp. | 2.7% |
| TP Icap Group PLC | 2.7% |

---

#### Equity Sector Allocation

---

| | |
|:---|:---|
| Financials | 28.4% |
| Industrials | 13.9% |
| Consumer Discretionary | 10.3% |
| Information Technology | 8.1% |
| Real Estate | 7.7% |
| Materials | 6.6% |
| Consumer Staples | 6.5% |
| Energy | 3.0% |
| Utilities | 2.9% |
| Communication Services | 2.9% |
| Other | 2.8% |

---

## 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](g469787g79q07.jpg)

Overseas SMA Completion Portfolio \| SSR307_00_(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.

------

![](g469787img97613be51.jpg)

Columbia Select Mid 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_1a91ac0c-e78e-4881-a9f5-fb1675d9bdb0_POI-CommonContent-Date-102_1) | 3 |
| [Statement of Assets and Liabilities](#xx_1a91ac0c-e78e-4881-a9f5-fb1675d9bdb0_FS-CommonContent-Date-102_1) | 7 |
| [Statement of Operations](#xx_1a91ac0c-e78e-4881-a9f5-fb1675d9bdb0_FS-CommonContent-Date-102_3) | 9 |
| [Statement of Changes in Net Assets](#xx_1a91ac0c-e78e-4881-a9f5-fb1675d9bdb0_FS-CommonContent-Date-102_4) | 10 |
| [Financial Highlights](#xx_1a91ac0c-e78e-4881-a9f5-fb1675d9bdb0_FIHI-CommonContent-Date-102_1) | 12 |
| [Notes to Financial Statements](#xx_1a91ac0c-e78e-4881-a9f5-fb1675d9bdb0_NTF-CommonContent-Date-102_1) | 16 |

---

Columbia Select Mid 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 95.7%** | **Common Stocks 95.7%** | **Common Stocks 95.7%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 9.1%** | **Communication Services 9.1%** | **Communication Services 9.1%** |
| **Entertainment 8.4%** | **Entertainment 8.4%** | **Entertainment 8.4%** |
| Live Nation Entertainment, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 105056 | &nbsp;&nbsp; 17033780 |
| Roblox Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 282236 | &nbsp;&nbsp; 19378324 |
| Roku, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 295940 | &nbsp;&nbsp; 29123455 |
| Spotify Technology SA<sup>(a)</sup> <br>| &nbsp;&nbsp; 38879 | &nbsp;&nbsp; 20020352 |
| Take-Two Interactive Software, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 272355 | &nbsp;&nbsp; 57597635 |
| TKO Group Holdings, Inc. | &nbsp;&nbsp; 104756 | &nbsp;&nbsp; 23451726 |
| Total |  | &nbsp;&nbsp; 166605272 |
| **Interactive Media & Services 0.7%** | **Interactive Media & Services 0.7%** | **Interactive Media & Services 0.7%** |
| Reddit, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 93501 | &nbsp;&nbsp; 13633381 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **180238653** |
| **Consumer Discretionary 16.6%** | **Consumer Discretionary 16.6%** | **Consumer Discretionary 16.6%** |
| **Hotels, Restaurants & Leisure 9.6%** | **Hotels, Restaurants & Leisure 9.6%** | **Hotels, Restaurants & Leisure 9.6%** |
| Cava Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 392153 | &nbsp;&nbsp; 32340858 |
| DoorDash, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 106041 | &nbsp;&nbsp; 18713055 |
| DraftKings, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 1049725 | &nbsp;&nbsp; 25025444 |
| Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp; 83700 | &nbsp;&nbsp; 26095986 |
| Royal Caribbean Cruises Ltd. | &nbsp;&nbsp; 118940 | &nbsp;&nbsp; 36985583 |
| Viking Holdings Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 388268 | &nbsp;&nbsp; 30292669 |
| Wynn Resorts Ltd. | &nbsp;&nbsp; 191948 | &nbsp;&nbsp; 20766854 |
| Total |  | &nbsp;&nbsp; 190220449 |
| **Household Durables 2.1%** | **Household Durables 2.1%** | **Household Durables 2.1%** |
| SharkNinja, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 340391 | &nbsp;&nbsp; 41823842 |
| **Specialty Retail 2.7%** | **Specialty Retail 2.7%** | **Specialty Retail 2.7%** |
| Gap, Inc. (The) | &nbsp;&nbsp; 1131655 | &nbsp;&nbsp; 31731606 |
| Ross Stores, Inc. | &nbsp;&nbsp; 102553 | &nbsp;&nbsp; 21088999 |
| Total |  | &nbsp;&nbsp; 52820605 |
| **Textiles, Apparel & Luxury Goods 2.2%** | **Textiles, Apparel & Luxury Goods 2.2%** | **Textiles, Apparel & Luxury Goods 2.2%** |
| Tapestry, Inc. | &nbsp;&nbsp; 283434 | &nbsp;&nbsp; 44065484 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **328930380** |
| **Consumer Staples 4.4%** | **Consumer Staples 4.4%** | **Consumer Staples 4.4%** |
| **Beverages 2.2%** | **Beverages 2.2%** | **Beverages 2.2%** |
| Celsius Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 826542 | &nbsp;&nbsp; 44310917 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Consumer Staples Distribution & Retail 2.2%** | **Consumer Staples Distribution & Retail 2.2%** | **Consumer Staples Distribution & Retail 2.2%** |
| Casey's General Stores, Inc. | &nbsp;&nbsp; 62767 | &nbsp;&nbsp; 43032427 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **87343344** |
| **Energy 3.2%** | **Energy 3.2%** | **Energy 3.2%** |
| **Energy Equipment & Services 1.3%** | **Energy Equipment & Services 1.3%** | **Energy Equipment & Services 1.3%** |
| TechnipFMC PLC | &nbsp;&nbsp; 380020 | &nbsp;&nbsp; 25199126 |
| **Oil, Gas & Consumable Fuels 1.9%** | **Oil, Gas & Consumable Fuels 1.9%** | **Oil, Gas & Consumable Fuels 1.9%** |
| Targa Resources Corp. | &nbsp;&nbsp; 159390 | &nbsp;&nbsp; 37584162 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **62783288** |
| **Financials 1.4%** | **Financials 1.4%** | **Financials 1.4%** |
| **Capital Markets 0.6%** | **Capital Markets 0.6%** | **Capital Markets 0.6%** |
| LPL Financial Holdings, Inc. | &nbsp;&nbsp; 40136 | &nbsp;&nbsp; 12056052 |
| **Financial Services 0.8%** | **Financial Services 0.8%** | **Financial Services 0.8%** |
| Rocket Companies, Inc. | &nbsp;&nbsp; 876238 | &nbsp;&nbsp; 15938769 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **27994821** |
| **Health Care 11.5%** | **Health Care 11.5%** | **Health Care 11.5%** |
| **Biotechnology 4.3%** | **Biotechnology 4.3%** | **Biotechnology 4.3%** |
| Argenx SE, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 41097 | &nbsp;&nbsp; 31518111 |
| Ascendis Pharma A/S ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 67812 | &nbsp;&nbsp; 15834102 |
| Insmed, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 133647 | &nbsp;&nbsp; 19957506 |
| Natera, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 81140 | &nbsp;&nbsp; 16880366 |
| Total |  | &nbsp;&nbsp; 84190085 |
| **Health Care Equipment & Supplies 3.2%** | **Health Care Equipment & Supplies 3.2%** | **Health Care Equipment & Supplies 3.2%** |
| DexCom, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 443126 | &nbsp;&nbsp; 32538742 |
| IDEXX Laboratories, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 47181 | &nbsp;&nbsp; 30985178 |
| Total |  | &nbsp;&nbsp; 63523920 |
| **Health Care Providers & Services 2.7%** | **Health Care Providers & Services 2.7%** | **Health Care Providers & Services 2.7%** |
| Cardinal Health, Inc. | &nbsp;&nbsp; 168915 | &nbsp;&nbsp; 38720386 |
| Guardant Health, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 154519 | &nbsp;&nbsp; 14509334 |
| Total |  | &nbsp;&nbsp; 53229720 |
| **Life Sciences Tools & Services 1.3%** | **Life Sciences Tools & Services 1.3%** | **Life Sciences Tools & Services 1.3%** |
| Charles River Laboratories International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 143430 | &nbsp;&nbsp; 25600821 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **226544546** |

---

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

Columbia Select Mid 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 30.4%** | **Industrials 30.4%** | **Industrials 30.4%** |
| **Aerospace & Defense 13.5%** | **Aerospace & Defense 13.5%** | **Aerospace & Defense 13.5%** |
| Axon Enterprise, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 47554 | &nbsp;&nbsp; 25793290 |
| BWX Technologies, Inc. | &nbsp;&nbsp; 85156 | &nbsp;&nbsp; 17540433 |
| Carpenter Technology Corp. | &nbsp;&nbsp; 102437 | &nbsp;&nbsp; 40777097 |
| FTAI Aviation Ltd. | &nbsp;&nbsp; 68413 | &nbsp;&nbsp; 20920695 |
| Howmet Aerospace, Inc. | &nbsp;&nbsp; 252707 | &nbsp;&nbsp; 66343169 |
| Karman Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 230104 | &nbsp;&nbsp; 20274463 |
| Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 98708 | &nbsp;&nbsp; 8506655 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp; 85234 | &nbsp;&nbsp; 31071202 |
| Rocket Lab Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 286085 | &nbsp;&nbsp; 19768474 |
| Woodward, Inc. | &nbsp;&nbsp; 42029 | &nbsp;&nbsp; 16255136 |
| Total |  | &nbsp;&nbsp; 267250614 |
| **Construction & Engineering 3.3%** | **Construction & Engineering 3.3%** | **Construction & Engineering 3.3%** |
| Comfort Systems U.S.A., Inc. | &nbsp;&nbsp; 32227 | &nbsp;&nbsp; 46064307 |
| Quanta Services, Inc. | &nbsp;&nbsp; 33999 | &nbsp;&nbsp; 19144157 |
| Total |  | &nbsp;&nbsp; 65208464 |
| **Electrical Equipment 5.6%** | **Electrical Equipment 5.6%** | **Electrical Equipment 5.6%** |
| Bloom Energy Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 122362 | &nbsp;&nbsp; 19048093 |
| Vertiv Holdings Co. | &nbsp;&nbsp; 358277 | &nbsp;&nbsp; 91321224 |
| Total |  | &nbsp;&nbsp; 110369317 |
| **Ground Transportation 1.3%** | **Ground Transportation 1.3%** | **Ground Transportation 1.3%** |
| XPO, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 124129 | &nbsp;&nbsp; 26125431 |
| **Machinery 3.3%** | **Machinery 3.3%** | **Machinery 3.3%** |
| Ingersoll Rand, Inc. | &nbsp;&nbsp; 269249 | &nbsp;&nbsp; 25347101 |
| RBC Bearings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 67941 | &nbsp;&nbsp; 39128580 |
| Total |  | &nbsp;&nbsp; 64475681 |
| **Trading Companies & Distributors 3.4%** | **Trading Companies & Distributors 3.4%** | **Trading Companies & Distributors 3.4%** |
| Ferguson Enterprises, Inc. | &nbsp;&nbsp; 80160 | &nbsp;&nbsp; 20902522 |
| SiteOne Landscape Supply, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 170968 | &nbsp;&nbsp; 24429617 |
| United Rentals, Inc. | &nbsp;&nbsp; 26656 | &nbsp;&nbsp; 22391040 |
| Total |  | &nbsp;&nbsp; 67723179 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **601152686** |
| **Information Technology 13.7%** | **Information Technology 13.7%** | **Information Technology 13.7%** |
| **Communications Equipment 1.8%** | **Communications Equipment 1.8%** | **Communications Equipment 1.8%** |
| Lumentum Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 51745 | &nbsp;&nbsp; 36268588 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **IT Services 3.2%** | **IT Services 3.2%** | **IT Services 3.2%** |
| Cloudflare, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 262163 | &nbsp;&nbsp; 45141847 |
| MongoDB, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 56491 | &nbsp;&nbsp; 18555599 |
| Total |  | &nbsp;&nbsp; 63697446 |
| **Semiconductors & Semiconductor Equipment 4.3%** | **Semiconductors & Semiconductor Equipment 4.3%** | **Semiconductors & Semiconductor Equipment 4.3%** |
| Kioxia Holdings Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 256400 | &nbsp;&nbsp; 34651029 |
| Microchip Technology, Inc. | &nbsp;&nbsp; 193345 | &nbsp;&nbsp; 14431271 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp; 31437 | &nbsp;&nbsp; 35924317 |
| Total |  | &nbsp;&nbsp; 85006617 |
| **Software 3.4%** | **Software 3.4%** | **Software 3.4%** |
| Datadog, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 219581 | &nbsp;&nbsp; 24584288 |
| Guidewire Software, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 82087 | &nbsp;&nbsp; 11928883 |
| Hut 8 Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 568656 | &nbsp;&nbsp; 30269559 |
| Total |  | &nbsp;&nbsp; 66782730 |
| **Technology Hardware, Storage & Peripherals 1.0%** | **Technology Hardware, Storage & Peripherals 1.0%** | **Technology Hardware, Storage & Peripherals 1.0%** |
| Sandisk Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 31346 | &nbsp;&nbsp; 19915995 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **271671376** |
| **Materials 3.4%** | **Materials 3.4%** | **Materials 3.4%** |
| **Chemicals 0.8%** | **Chemicals 0.8%** | **Chemicals 0.8%** |
| RPM International, Inc. | &nbsp;&nbsp; 148046 | &nbsp;&nbsp; 16895010 |
| **Construction Materials 0.7%** | **Construction Materials 0.7%** | **Construction Materials 0.7%** |
| Vulcan Materials Co. | &nbsp;&nbsp; 42508 | &nbsp;&nbsp; 13177480 |
| **Containers & Packaging 0.6%** | **Containers & Packaging 0.6%** | **Containers & Packaging 0.6%** |
| Smurfit WestRock PLC | &nbsp;&nbsp; 251134 | &nbsp;&nbsp; 11805809 |
| **Metals & Mining 1.3%** | **Metals & Mining 1.3%** | **Metals & Mining 1.3%** |
| Freeport-McMoRan, Inc. | &nbsp;&nbsp; 383738 | &nbsp;&nbsp; 26124883 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **68003182** |
| **Utilities 2.0%** | **Utilities 2.0%** | **Utilities 2.0%** |
| **Independent Power and Renewable Electricity Producers 2.0%** | **Independent Power and Renewable Electricity Producers 2.0%** | **Independent Power and Renewable Electricity Producers 2.0%** |
| Vistra Corp. | &nbsp;&nbsp; 226311 | &nbsp;&nbsp; 39353220 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **39353220** |
| Total Common Stocks <br>(Cost $1,478,432,104) | Total Common Stocks <br>(Cost $1,478,432,104) | &nbsp;&nbsp; **1894015496** |

---

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

Columbia Select Mid Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Money Market Funds 4.1%** | **Money Market Funds 4.1%** | **Money Market Funds 4.1%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 81940995 | &nbsp;&nbsp; 81924607 |
| Total Money Market Funds <br>(Cost $81,916,239) | Total Money Market Funds <br>(Cost $81,916,239) | &nbsp;&nbsp; **81924607** |
| **Total Investments in Securities** <br>**(Cost: $1,560,348,343)** | **Total Investments in Securities** <br>**(Cost: $1,560,348,343)** | &nbsp;&nbsp; **1975940103** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **4409988** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **1980350091** |

---

**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% |
|  | 1792448 | &nbsp;&nbsp; 812614672 | &nbsp;&nbsp; (732490726)<br>| &nbsp;&nbsp; 8213 | &nbsp;&nbsp; 81924607 | &nbsp;&nbsp; 12949 | &nbsp;&nbsp; 788715 | &nbsp;&nbsp; 81940995 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

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

Columbia Select Mid Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

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 | 180238653 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 180238653 |
| Consumer Discretionary | 328930380 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 328930380 |
| Consumer Staples | 87343344 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 87343344 |
| Energy | 62783288 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 62783288 |
| Financials | 27994821 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27994821 |
| Health Care | 226544546 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 226544546 |
| Industrials | 601152686 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 601152686 |
| Information Technology | 237020347 | &nbsp;&nbsp;&nbsp;&nbsp; 34651029 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 271671376 |
| Materials | 68003182 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 68003182 |
| Utilities | 39353220 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 39353220 |
| Total Common Stocks | 1859364467 | &nbsp;&nbsp;&nbsp;&nbsp; 34651029 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1894015496 |
| Money Market Funds | 81924607 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 81924607 |
| Total Investments in Securities | 1941289074 | &nbsp;&nbsp;&nbsp;&nbsp; 34651029 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1975940103 |

---

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 Select Mid 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 $1,478,432,104) | $1894015496 |
| Affiliated issuers (cost $81,916,239) | 81924607 |
| Receivable for: |  |
| Investments sold | 8658580 |
| Capital shares sold | 533401 |
| Dividends | 421242 |
| Interest | 394896 |
| Foreign tax reclaims | 28397 |
| Prepaid expenses | 5864 |
| Deferred compensation of board members | 353072 |
| Other assets | 25009 |
| Total assets | 1986360564 |
| **Liabilities** |  |
| Payable for: |  |
| Investments purchased | 4753631 |
| Capital shares redeemed | 607760 |
| Management services fees | 40734 |
| Distribution and/or service fees | 6004 |
| Transfer agent fees | 116194 |
| Compensation of chief compliance officer | 149 |
| Compensation of board members | 2594 |
| Other expenses | 28825 |
| Deferred compensation of board members | 454582 |
| Total liabilities | 6010473 |
| **Net assets applicable to outstanding capital stock** | **$1980350091** |
| **Represented by** |  |
| Paid in capital | 1522959671 |
| Total distributable earnings (loss) | 457390420 |
| **Total - representing net assets applicable to outstanding capital stock** | **$1980350091** |

---

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

Columbia Select Mid Cap Growth Fund \| 2026

------

Statement of Assets and Liabilities (continued)

February 28, 2026 (Unaudited)

---

| | |
|:---|:---|
| **Class A** |  |
| Net assets | $843825715 |
| Shares outstanding | 34113600 |
| Net asset value per share | $24.74 |
| 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) | $26.25 |
| **Class C** |  |
| Net assets | $6022837 |
| Shares outstanding | 441632 |
| Net asset value per share | $13.64 |
| **Institutional Class** |  |
| Net assets | $788361013 |
| Shares outstanding | 26686935 |
| Net asset value per share | $29.54 |
| **Institutional 2 Class** |  |
| Net assets | $32377695 |
| Shares outstanding | 1072035 |
| Net asset value per share | $30.20 |
| **Institutional 3 Class** |  |
| Net assets | $122300406 |
| Shares outstanding | 4033075 |
| Net asset value per share | $30.32 |
| **Class S** |  |
| Net assets | $187462425 |
| Shares outstanding | 6344877 |
| Net asset value per share | $29.55 |

---

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

Columbia Select Mid 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 | $2261444 |
| Dividends — affiliated issuers | 788715 |
| Interfund lending | 209 |
| Total income | 3050368 |
| Expenses: |  |
| Management services fees | 6974170 |
| Distribution and/or service fees |  |
| Class A | 1075552 |
| Class C | 31298 |
| Transfer agent fees |  |
| Class A | 396976 |
| Class C | 2889 |
| Institutional Class | 308571 |
| Institutional 2 Class | 8276 |
| Institutional 3 Class | 1991 |
| Class S | 86216 |
| Custodian fees | 8508 |
| Printing and postage fees | 34279 |
| Registration fees | 71407 |
| Accounting services fees | 16079 |
| Legal fees | 22670 |
| Compensation of chief compliance officer | 149 |
| Compensation of board members | 15039 |
| Deferred compensation of board members | 10822 |
| Other | 19881 |
| Total expenses | 9084773 |
| Expense reduction | (1591)<br>|
| Total net expenses | 9083182 |
| **Net investment loss** | (6032814)<br>|
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 138694366 |
| Investments — affiliated issuers | 12949 |
| Foreign currency translations | (93051)<br>|
| Increase from payment by affiliate (Note 6) | 394896 |
| Net realized gain | 139009160 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | (68344692)<br>|
| Investments — affiliated issuers | 8213 |
| Net change in unrealized appreciation (depreciation) | (68336479)<br>|
| Net realized and unrealized gain | 70672681 |
| **Net increase in net assets resulting from operations** | **$64639867** |

---

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

Columbia Select Mid 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 | $(6032814)<br>| &nbsp;&nbsp; $(10546314)<br>|
| Net realized gain | 139009160 | &nbsp;&nbsp; 187340324 |
| Net change in unrealized appreciation (depreciation) | (68336479)<br>| &nbsp;&nbsp; 271634984 |
| Net increase in net assets resulting from operations | 64639867 | &nbsp;&nbsp; 448428994 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (103749154)<br>| &nbsp;&nbsp; (105997158)<br>|
| Class C | (1182091)<br>| &nbsp;&nbsp; (1052151)<br>|
| Institutional Class | (70428361)<br>| &nbsp;&nbsp; (66594421)<br>|
| Institutional 2 Class | (3295945)<br>| &nbsp;&nbsp; (2684738)<br>|
| Institutional 3 Class | (10762282)<br>| &nbsp;&nbsp; (9706710)<br>|
| Class S | (19509780)<br>| &nbsp;&nbsp; (20260014)<br>|
| Total distributions to shareholders | (208927613)<br>| &nbsp;&nbsp; (206295192)<br>|
| Increase in net assets from capital stock activity | 271965740 | &nbsp;&nbsp; 69090188 |
| Total increase in net assets | 127677994 | &nbsp;&nbsp; 311223990 |
| Net assets at beginning of period | 1852672097 | &nbsp;&nbsp; 1541448107 |
| **Net assets at end of period** | **$1980350091** | &nbsp;&nbsp; **$1852672097** |

---

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

Columbia Select Mid 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 | 561323 | &nbsp;&nbsp;&nbsp;&nbsp; 14366493 | &nbsp;&nbsp;&nbsp;&nbsp; 967352 | &nbsp;&nbsp;&nbsp;&nbsp; 23780363 |
| Distributions reinvested | 4163862 | &nbsp;&nbsp;&nbsp;&nbsp; 100349077 | &nbsp;&nbsp;&nbsp;&nbsp; 4074680 | &nbsp;&nbsp;&nbsp;&nbsp; 102233713 |
| Shares redeemed | (2865621)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (73484738)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4470138)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (110455675)<br>|
| Net increase | 1859564 | &nbsp;&nbsp;&nbsp;&nbsp; 41230832 | &nbsp;&nbsp;&nbsp;&nbsp; 571894 | &nbsp;&nbsp;&nbsp;&nbsp; 15558401 |
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23406 | &nbsp;&nbsp;&nbsp;&nbsp; 711440 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (557244)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19383180)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (533838)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (18671740)<br>|
| Class C |  |  |  |  |
| Shares sold | 39118 | &nbsp;&nbsp;&nbsp;&nbsp; 580779 | &nbsp;&nbsp;&nbsp;&nbsp; 100373 | &nbsp;&nbsp;&nbsp;&nbsp; 1503256 |
| Distributions reinvested | 87907 | &nbsp;&nbsp;&nbsp;&nbsp; 1170047 | &nbsp;&nbsp;&nbsp;&nbsp; 69331 | &nbsp;&nbsp;&nbsp;&nbsp; 1050356 |
| Shares redeemed | (95104)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1438951)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (94061)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1401997)<br>|
| Net increase | 31921 | &nbsp;&nbsp;&nbsp;&nbsp; 311875 | &nbsp;&nbsp;&nbsp;&nbsp; 75643 | &nbsp;&nbsp;&nbsp;&nbsp; 1151615 |
| Institutional Class |  |  |  |  |
| Shares sold | 5303145 | &nbsp;&nbsp;&nbsp;&nbsp; 158711278 | &nbsp;&nbsp;&nbsp;&nbsp; 2460357 | &nbsp;&nbsp;&nbsp;&nbsp; 74212684 |
| Distributions reinvested | 2162041 | &nbsp;&nbsp;&nbsp;&nbsp; 62201916 | &nbsp;&nbsp;&nbsp;&nbsp; 1987946 | &nbsp;&nbsp;&nbsp;&nbsp; 58326338 |
| Shares redeemed | (1276464)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (38826144)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8558487)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (244473367)<br>|
| Net increase (decrease) | 6188722 | &nbsp;&nbsp;&nbsp;&nbsp; 182087050 | &nbsp;&nbsp;&nbsp;&nbsp; (4110184)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (111934345)<br>|
| Institutional 2 Class |  |  |  |  |
| Shares sold | 269482 | &nbsp;&nbsp;&nbsp;&nbsp; 8536399 | &nbsp;&nbsp;&nbsp;&nbsp; 419106 | &nbsp;&nbsp;&nbsp;&nbsp; 12009250 |
| Distributions reinvested | 111695 | &nbsp;&nbsp;&nbsp;&nbsp; 3284938 | &nbsp;&nbsp;&nbsp;&nbsp; 89285 | &nbsp;&nbsp;&nbsp;&nbsp; 2672311 |
| Shares redeemed | (261684)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8219671)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (305651)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8516372)<br>|
| Net increase | 119493 | &nbsp;&nbsp;&nbsp;&nbsp; 3601666 | &nbsp;&nbsp;&nbsp;&nbsp; 202740 | &nbsp;&nbsp;&nbsp;&nbsp; 6165189 |
| Institutional 3 Class |  |  |  |  |
| Shares sold | 1149172 | &nbsp;&nbsp;&nbsp;&nbsp; 35243852 | &nbsp;&nbsp;&nbsp;&nbsp; 578902 | &nbsp;&nbsp;&nbsp;&nbsp; 17270057 |
| Distributions reinvested | 217672 | &nbsp;&nbsp;&nbsp;&nbsp; 6425692 | &nbsp;&nbsp;&nbsp;&nbsp; 174862 | &nbsp;&nbsp;&nbsp;&nbsp; 5251103 |
| Shares redeemed | (299041)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (9330965)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (554350)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15912911)<br>|
| Net increase | 1067803 | &nbsp;&nbsp;&nbsp;&nbsp; 32338579 | &nbsp;&nbsp;&nbsp;&nbsp; 199414 | &nbsp;&nbsp;&nbsp;&nbsp; 6608249 |
| Class S |  |  |  |  |
| Shares sold | 222563 | &nbsp;&nbsp;&nbsp;&nbsp; 6808836 | &nbsp;&nbsp;&nbsp;&nbsp; 6115958 | &nbsp;&nbsp;&nbsp;&nbsp; 175396585 |
| Distributions reinvested | 678129 | &nbsp;&nbsp;&nbsp;&nbsp; 19509780 | &nbsp;&nbsp;&nbsp;&nbsp; 690290 | &nbsp;&nbsp;&nbsp;&nbsp; 20260014 |
| Shares redeemed | (458059)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (13922878)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (904004)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25443780)<br>|
| Net increase | 442633 | &nbsp;&nbsp;&nbsp;&nbsp; 12395738 | &nbsp;&nbsp;&nbsp;&nbsp; 5902244 | &nbsp;&nbsp;&nbsp;&nbsp; 170212819 |
| **Total net increase** | **9710136** | &nbsp;&nbsp;&nbsp;&nbsp; **271965740** | &nbsp;&nbsp;&nbsp;&nbsp; **2307913** | &nbsp;&nbsp;&nbsp;&nbsp; **69090188** |

---

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

Columbia Select Mid 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. 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>| **Increase** <br>**from** <br>**payment** <br>**by affiliate**<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** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | $27.19 | &nbsp;&nbsp; (0.10)<br>| 0.96 | 0.01 | 0.87 | &nbsp;&nbsp; (3.32)<br>| &nbsp;&nbsp; (3.32)<br>|
| Year Ended 8/31/2025 | $23.72 | &nbsp;&nbsp; (0.19)<br>| 7.13 | &nbsp;&nbsp; — | 6.94 | &nbsp;&nbsp; (3.47)<br>| &nbsp;&nbsp; (3.47)<br>|
| Year Ended 8/31/2024 | $20.40 | &nbsp;&nbsp; (0.10)<br>| 3.42 | &nbsp;&nbsp; — | 3.32 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $18.30 | &nbsp;&nbsp; (0.11)<br>| 2.21 | &nbsp;&nbsp; — | 2.10 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $31.98 | &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (7.46)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (7.64)<br>| &nbsp;&nbsp; (6.04)<br>| &nbsp;&nbsp; (6.04)<br>|
| Year Ended 8/31/2021 | $27.17 | &nbsp;&nbsp; (0.24)<br>| 9.61 | &nbsp;&nbsp; — | 9.37 | &nbsp;&nbsp; (4.56)<br>| &nbsp;&nbsp; (4.56)<br>|
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | $16.33 | &nbsp;&nbsp; (0.12)<br>| 0.54 | 0.01 | 0.43 | &nbsp;&nbsp; (3.12)<br>| &nbsp;&nbsp; (3.12)<br>|
| Year Ended 8/31/2025 | $15.35 | &nbsp;&nbsp; (0.23)<br>| 4.51 | &nbsp;&nbsp; — | 4.28 | &nbsp;&nbsp; (3.30)<br>| &nbsp;&nbsp; (3.30)<br>|
| Year Ended 8/31/2024 | $13.30 | &nbsp;&nbsp; (0.17)<br>| 2.22 | &nbsp;&nbsp; — | 2.05 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $12.02 | &nbsp;&nbsp; (0.16)<br>| 1.44 | &nbsp;&nbsp; — | 1.28 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $23.12 | &nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp; (4.97)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (5.21)<br>| &nbsp;&nbsp; (5.89)<br>| &nbsp;&nbsp; (5.89)<br>|
| Year Ended 8/31/2021 | $20.72 | &nbsp;&nbsp; (0.33)<br>| 7.09 | &nbsp;&nbsp; — | 6.76 | &nbsp;&nbsp; (4.36)<br>| &nbsp;&nbsp; (4.36)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $31.86 | &nbsp;&nbsp; (0.08)<br>| 1.14 | 0.01 | 1.07 | &nbsp;&nbsp; (3.39)<br>| &nbsp;&nbsp; (3.39)<br>|
| Year Ended 8/31/2025 | $27.29 | &nbsp;&nbsp; (0.15)<br>| 8.25 | &nbsp;&nbsp; — | 8.10 | &nbsp;&nbsp; (3.53)<br>| &nbsp;&nbsp; (3.53)<br>|
| Year Ended 8/31/2024 | $23.41 | &nbsp;&nbsp; (0.05)<br>| 3.93 | &nbsp;&nbsp; — | 3.88 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $20.95 | &nbsp;&nbsp; (0.07)<br>| 2.53 | &nbsp;&nbsp; — | 2.46 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $35.68 | &nbsp;&nbsp; (0.15)<br>| &nbsp;&nbsp; (8.49)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (8.64)<br>| &nbsp;&nbsp; (6.09)<br>| &nbsp;&nbsp; (6.09)<br>|
| Year Ended 8/31/2021 | $29.83 | &nbsp;&nbsp; (0.18)<br>| 10.65 | &nbsp;&nbsp; — | 10.47 | &nbsp;&nbsp; (4.62)<br>| &nbsp;&nbsp; (4.62)<br>|
| **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) | $32.51 | &nbsp;&nbsp; (0.08)<br>| 1.16 | 0.01 | 1.09 | &nbsp;&nbsp; (3.40)<br>| &nbsp;&nbsp; (3.40)<br>|
| Year Ended 8/31/2025 | $27.78 | &nbsp;&nbsp; (0.14)<br>| 8.42 | &nbsp;&nbsp; — | 8.28 | &nbsp;&nbsp; (3.55)<br>| &nbsp;&nbsp; (3.55)<br>|
| Year Ended 8/31/2024 | $23.82 | &nbsp;&nbsp; (0.04)<br>| 4.00 | &nbsp;&nbsp; — | 3.96 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $21.31 | &nbsp;&nbsp; (0.06)<br>| 2.57 | &nbsp;&nbsp; — | 2.51 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $36.18 | &nbsp;&nbsp; (0.13)<br>| &nbsp;&nbsp; (8.64)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (8.77)<br>| &nbsp;&nbsp; (6.10)<br>| &nbsp;&nbsp; (6.10)<br>|
| Year Ended 8/31/2021 | $30.19 | &nbsp;&nbsp; (0.17)<br>| 10.79 | &nbsp;&nbsp; — | 10.62 | &nbsp;&nbsp; (4.63)<br>| &nbsp;&nbsp; (4.63)<br>|

---

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

Columbia Select Mid 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)</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; $24.74 | &nbsp;&nbsp;&nbsp;&nbsp; 3.53% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp;&nbsp;&nbsp; 1.11% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.79%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 101% | &nbsp;&nbsp;&nbsp;&nbsp; $843826 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $27.19 | &nbsp;&nbsp;&nbsp;&nbsp; 30.49% | &nbsp;&nbsp;&nbsp;&nbsp; 1.13% | &nbsp;&nbsp;&nbsp;&nbsp; 1.11% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.77%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $877060 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $23.72 | &nbsp;&nbsp;&nbsp;&nbsp; 16.27% | &nbsp;&nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp;&nbsp; 1.13% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.45%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 174% | &nbsp;&nbsp;&nbsp;&nbsp; $751548 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $20.40 | &nbsp;&nbsp;&nbsp;&nbsp; 11.48% | &nbsp;&nbsp;&nbsp;&nbsp; 1.16% | &nbsp;&nbsp;&nbsp;&nbsp; 1.16% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.59%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 152% | &nbsp;&nbsp;&nbsp;&nbsp; $708522 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $18.30 | &nbsp;&nbsp;&nbsp;&nbsp; (28.97%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.13% | &nbsp;&nbsp;&nbsp;&nbsp; 1.13% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.81%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 70% | &nbsp;&nbsp;&nbsp;&nbsp; $718493 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $31.98 | &nbsp;&nbsp;&nbsp;&nbsp; 38.29% | &nbsp;&nbsp;&nbsp;&nbsp; 1.11% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.11% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.83%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 82% | &nbsp;&nbsp;&nbsp;&nbsp; $1134636 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $13.64 | &nbsp;&nbsp;&nbsp;&nbsp; 3.12% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.86% | &nbsp;&nbsp;&nbsp;&nbsp; 1.86% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.54%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 101% | &nbsp;&nbsp;&nbsp;&nbsp; $6023 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $16.33 | &nbsp;&nbsp;&nbsp;&nbsp; 29.53% | &nbsp;&nbsp;&nbsp;&nbsp; 1.88% | &nbsp;&nbsp;&nbsp;&nbsp; 1.86% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.51%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $6690 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $15.35 | &nbsp;&nbsp;&nbsp;&nbsp; 15.41% | &nbsp;&nbsp;&nbsp;&nbsp; 1.90% | &nbsp;&nbsp;&nbsp;&nbsp; 1.88% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.19%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 174% | &nbsp;&nbsp;&nbsp;&nbsp; $5128 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $13.30 | &nbsp;&nbsp;&nbsp;&nbsp; 10.65% | &nbsp;&nbsp;&nbsp;&nbsp; 1.91% | &nbsp;&nbsp;&nbsp;&nbsp; 1.91% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.34%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 152% | &nbsp;&nbsp;&nbsp;&nbsp; $5494 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $12.02 | &nbsp;&nbsp;&nbsp;&nbsp; (29.50%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.88% | &nbsp;&nbsp;&nbsp;&nbsp; 1.88% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.56%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 70% | &nbsp;&nbsp;&nbsp;&nbsp; $6073 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $23.12 | &nbsp;&nbsp;&nbsp;&nbsp; 37.28% | &nbsp;&nbsp;&nbsp;&nbsp; 1.86% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.86% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.57%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 82% | &nbsp;&nbsp;&nbsp;&nbsp; $9886 |
| **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; $29.54 | &nbsp;&nbsp;&nbsp;&nbsp; 3.64% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.54%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 101% | &nbsp;&nbsp;&nbsp;&nbsp; $788361 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $31.86 | &nbsp;&nbsp;&nbsp;&nbsp; 30.80% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.51%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $653133 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $27.29 | &nbsp;&nbsp;&nbsp;&nbsp; 16.57% | &nbsp;&nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.20%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 174% | &nbsp;&nbsp;&nbsp;&nbsp; $671478 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $23.41 | &nbsp;&nbsp;&nbsp;&nbsp; 11.74% | &nbsp;&nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp;&nbsp; 0.91% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.35%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 152% | &nbsp;&nbsp;&nbsp;&nbsp; $630492 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $20.95 | &nbsp;&nbsp;&nbsp;&nbsp; (28.78%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.56%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 70% | &nbsp;&nbsp;&nbsp;&nbsp; $607008 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $35.68 | &nbsp;&nbsp;&nbsp;&nbsp; 38.67% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.86% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.58%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 82% | &nbsp;&nbsp;&nbsp;&nbsp; $965229 |
| **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; $30.20 | &nbsp;&nbsp;&nbsp;&nbsp; 3.63% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; (0.50%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 101% | &nbsp;&nbsp;&nbsp;&nbsp; $32378 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $32.51 | &nbsp;&nbsp;&nbsp;&nbsp; 30.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.84% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; (0.47%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $30963 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $27.78 | &nbsp;&nbsp;&nbsp;&nbsp; 16.62% | &nbsp;&nbsp;&nbsp;&nbsp; 0.84% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; (0.14%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 174% | &nbsp;&nbsp;&nbsp;&nbsp; $20828 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $23.82 | &nbsp;&nbsp;&nbsp;&nbsp; 11.78% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; (0.28%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 152% | &nbsp;&nbsp;&nbsp;&nbsp; $20097 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $21.31 | &nbsp;&nbsp;&nbsp;&nbsp; (28.75%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; (0.51%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 70% | &nbsp;&nbsp;&nbsp;&nbsp; $34937 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $36.18 | &nbsp;&nbsp;&nbsp;&nbsp; 38.73% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.82% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.53%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 82% | &nbsp;&nbsp;&nbsp;&nbsp; $49076 |

---

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

Columbia Select Mid Cap Growth 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>**(loss)**<br>| **Net** <br>**realized** <br>**and** <br>**unrealized** <br>**gain (loss)**<br>| **Increase** <br>**from** <br>**payment** <br>**by affiliate**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Distributions** <br>**from net** <br>**realized** <br>**gains**<br>| **Total** <br>**distributions to** <br>**shareholders**<br>|
| **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) | $32.63 | &nbsp;&nbsp; (0.07)<br>| 1.16 | 0.01 | 1.10 | &nbsp;&nbsp; (3.41)<br>| &nbsp;&nbsp; (3.41)<br>|
| Year Ended 8/31/2025 | $27.87 | &nbsp;&nbsp; (0.12)<br>| 8.43 | &nbsp;&nbsp; — | 8.31 | &nbsp;&nbsp; (3.55)<br>| &nbsp;&nbsp; (3.55)<br>|
| Year Ended 8/31/2024 | $23.88 | &nbsp;&nbsp; (0.02)<br>| 4.01 | &nbsp;&nbsp; — | 3.99 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $21.35 | &nbsp;&nbsp; (0.05)<br>| 2.58 | &nbsp;&nbsp; — | 2.53 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $36.23 | &nbsp;&nbsp; (0.12)<br>| &nbsp;&nbsp; (8.65)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (8.77)<br>| &nbsp;&nbsp; (6.11)<br>| &nbsp;&nbsp; (6.11)<br>|
| Year Ended 8/31/2021 | $30.22 | &nbsp;&nbsp; (0.16)<br>| 10.81 | &nbsp;&nbsp; — | 10.65 | &nbsp;&nbsp; (4.64)<br>| &nbsp;&nbsp; (4.64)<br>|
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | $31.86 | &nbsp;&nbsp; (0.08)<br>| 1.15 | 0.01 | 1.08 | &nbsp;&nbsp; (3.39)<br>| &nbsp;&nbsp; (3.39)<br>|
| Year Ended 8/31/2025<sup>(f)</sup> <br>| $28.30 | &nbsp;&nbsp; (0.14)<br>| 7.23 | &nbsp;&nbsp; — | 7.09 | &nbsp;&nbsp; (3.53)<br>| &nbsp;&nbsp; (3.53)<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 Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.02%. |
| (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) | Class S shares commenced operations on October 2, 2024. 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 Select Mid 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)</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>|
| **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; $30.32 | &nbsp;&nbsp;&nbsp;&nbsp; 3.66% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78% | &nbsp;&nbsp;&nbsp;&nbsp; 0.78% | &nbsp;&nbsp;&nbsp;&nbsp; (0.45%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 101% | &nbsp;&nbsp;&nbsp;&nbsp; $122300 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $32.63 | &nbsp;&nbsp;&nbsp;&nbsp; 30.94% | &nbsp;&nbsp;&nbsp;&nbsp; 0.79% | &nbsp;&nbsp;&nbsp;&nbsp; 0.77% | &nbsp;&nbsp;&nbsp;&nbsp; (0.42%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $96754 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $27.87 | &nbsp;&nbsp;&nbsp;&nbsp; 16.71% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 0.78% | &nbsp;&nbsp;&nbsp;&nbsp; (0.10%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 174% | &nbsp;&nbsp;&nbsp;&nbsp; $77079 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $23.88 | &nbsp;&nbsp;&nbsp;&nbsp; 11.85% | &nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp;&nbsp;&nbsp; (0.23%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 152% | &nbsp;&nbsp;&nbsp;&nbsp; $74691 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $21.35 | &nbsp;&nbsp;&nbsp;&nbsp; (28.71%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78% | &nbsp;&nbsp;&nbsp;&nbsp; 0.78% | &nbsp;&nbsp;&nbsp;&nbsp; (0.46%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 70% | &nbsp;&nbsp;&nbsp;&nbsp; $81229 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $36.23 | &nbsp;&nbsp;&nbsp;&nbsp; 38.80% | &nbsp;&nbsp;&nbsp;&nbsp; 0.77% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.77% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.48%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 82% | &nbsp;&nbsp;&nbsp;&nbsp; $123615 |
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $29.55 | &nbsp;&nbsp;&nbsp;&nbsp; 3.67% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.54%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 101% | &nbsp;&nbsp;&nbsp;&nbsp; $187462 |
|  Year Ended 8/31/2025 <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $31.86 | &nbsp;&nbsp;&nbsp;&nbsp; 26.13% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; (0.53%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $188072 |

---

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

Columbia Select Mid Cap Growth Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Select Mid Cap Growth Fund (the Fund), a series of Columbia Funds Series Trust I (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 and Class C shares are offered to the general public for investment. Class C shares automatically convert to Class A shares after 8 years. Institutional Class, Institutional 2 Class, Institutional 3 Class and Class S 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 Select Mid Cap Growth 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 Select Mid Cap Growth 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 Select Mid Cap Growth 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 management services fee is an annual fee that is equal to a percentage of the Fund's daily net assets that declines from 0.82% to 0.65% 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.

**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.

Columbia Select Mid Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 | 0.09 |
| Class C | 0.09 |
| Institutional Class | 0.09 |
| Institutional 2 Class | 0.05 |
| Institutional 3 Class | 0.00 |
| Class S | 0.09 |

---

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 $1,591.

**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, distribution and shareholder service plans (the Plans) applicable to certain share classes, which set 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 Plans, the Fund pays a monthly service fee to the Distributor at the maximum annual rate of 0.25% of the average daily net assets attributable to Class A and Class C shares of the Fund. Also under the Plans, the Fund pays a monthly distribution fee to the Distributor at the maximum annual rates of 0.10% and 0.75% of the average daily net assets attributable to Class A and Class C shares of the Fund, respectively.

Although the Fund may pay distribution and service fees up to a maximum annual rate of 0.35% of the Fund's average daily net assets attributable to Class A shares (comprised of up to 0.10% for distribution services and up to 0.25% for shareholder services), the Fund currently limits such fees to an aggregate fee of not more than 0.25% of the Fund's average daily net assets attributable to Class A shares.

**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; 76763 |
| Class C | —<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.00 <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 409 |

---

&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.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This charge applies to redemptions within 12 months after purchase, with certain limited exceptions.

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

Columbia Select Mid 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; **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;1.12 |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.87 |
| 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;0.87 |
| 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.83 |
| 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.87 |

---

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>|
| 1560348000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 432743000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17151000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415592000 |

---

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 $1,850,711,071 and $1,878,108,872, 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 Select Mid Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Note 6. Payments by affiliates

During the six months ended February 28, 2026, the Investment Manager reimbursed the Fund $394,896 for a loss on a trading error.

Note 7. 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 8. 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>|
| Lender | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;4.18 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |

---

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 9. 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.

Columbia Select Mid Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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

Note 10. 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 26.9% 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 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 11. 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 12. 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 Select Mid 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 Select Mid Cap Growth Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

**Columbia Select Mid Cap Growth Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787img4c8209202.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/

SAR194_08_T01_(04/26)

------

![](g469787img4d40634b1.jpg)

Columbia Contrarian Core 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_f4f655c2-72bf-40fc-b65a-14e53126623a_POI-CommonContent-Date-53_1) | 3 |
| [Statement of Assets and Liabilities](#xx_f4f655c2-72bf-40fc-b65a-14e53126623a_FS-CommonContent-Date-53_1) | 7 |
| [Statement of Operations](#xx_f4f655c2-72bf-40fc-b65a-14e53126623a_FS-CommonContent-Date-53_3) | 9 |
| [Statement of Changes in Net Assets](#xx_f4f655c2-72bf-40fc-b65a-14e53126623a_FS-CommonContent-Date-53_4) | 10 |
| [Financial Highlights](#xx_f4f655c2-72bf-40fc-b65a-14e53126623a_FIHI-CommonContent-Date-53_1) | 12 |
| [Notes to Financial Statements](#xx_f4f655c2-72bf-40fc-b65a-14e53126623a_NTF-CommonContent-Date-53_1) | 16 |

---

Columbia Contrarian Core 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 98.0%** | **Common Stocks 98.0%** | **Common Stocks 98.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 12.5%** | **Communication Services 12.5%** | **Communication Services 12.5%** |
| **Diversified Telecommunication Services 1.4%** | **Diversified Telecommunication Services 1.4%** | **Diversified Telecommunication Services 1.4%** |
| Verizon Communications, Inc. | &nbsp;&nbsp; 4610017 | &nbsp;&nbsp; 231146253 |
| **Entertainment 2.9%** | **Entertainment 2.9%** | **Entertainment 2.9%** |
| Netflix, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2820837 | &nbsp;&nbsp; 271477353 |
| Take-Two Interactive Software, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 260256 | &nbsp;&nbsp; 55038939 |
| Walt Disney Co. (The) | &nbsp;&nbsp; 1241758 | &nbsp;&nbsp; 131676018 |
| Total |  | &nbsp;&nbsp; 458192310 |
| **Interactive Media & Services 8.2%** | **Interactive Media & Services 8.2%** | **Interactive Media & Services 8.2%** |
| Alphabet, Inc., Class A | &nbsp;&nbsp; 1649044 | &nbsp;&nbsp; 514105957 |
| Alphabet, Inc., Class C | &nbsp;&nbsp; 1355531 | &nbsp;&nbsp; 422153019 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp; 604136 | &nbsp;&nbsp; 391588873 |
| Total |  | &nbsp;&nbsp; 1327847849 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **2017186412** |
| **Consumer Discretionary 10.0%** | **Consumer Discretionary 10.0%** | **Consumer Discretionary 10.0%** |
| **Automobiles 1.2%** | **Automobiles 1.2%** | **Automobiles 1.2%** |
| Tesla, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 468311 | &nbsp;&nbsp; 188499861 |
| **Broadline Retail 6.1%** | **Broadline Retail 6.1%** | **Broadline Retail 6.1%** |
| Amazon.com, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3403498 | &nbsp;&nbsp; 714734580 |
| eBay, Inc. | &nbsp;&nbsp; 2937429 | &nbsp;&nbsp; 266894799 |
| Total |  | &nbsp;&nbsp; 981629379 |
| **Hotels, Restaurants & Leisure 1.5%** | **Hotels, Restaurants & Leisure 1.5%** | **Hotels, Restaurants & Leisure 1.5%** |
| DoorDash, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 458502 | &nbsp;&nbsp; 80911848 |
| Starbucks Corp. | &nbsp;&nbsp; 1702136 | &nbsp;&nbsp; 166843371 |
| Total |  | &nbsp;&nbsp; 247755219 |
| **Household Durables 0.5%** | **Household Durables 0.5%** | **Household Durables 0.5%** |
| PulteGroup, Inc. | &nbsp;&nbsp; 654102 | &nbsp;&nbsp; 89742794 |
| **Textiles, Apparel & Luxury Goods 0.7%** | **Textiles, Apparel & Luxury Goods 0.7%** | **Textiles, Apparel & Luxury Goods 0.7%** |
| NIKE, Inc., Class B | &nbsp;&nbsp; 491921 | &nbsp;&nbsp; 30587648 |
| Tapestry, Inc. | &nbsp;&nbsp; 502984 | &nbsp;&nbsp; 78198922 |
| Total |  | &nbsp;&nbsp; 108786570 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **1616413823** |
| **Consumer Staples 2.4%** | **Consumer Staples 2.4%** | **Consumer Staples 2.4%** |
| **Beverages 1.1%** | **Beverages 1.1%** | **Beverages 1.1%** |
| PepsiCo, Inc. | &nbsp;&nbsp; 1090193 | &nbsp;&nbsp; 185049360 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Consumer Staples Distribution & Retail 1.3%** | **Consumer Staples Distribution & Retail 1.3%** | **Consumer Staples Distribution & Retail 1.3%** |
| Walmart, Inc. | &nbsp;&nbsp; 1631117 | &nbsp;&nbsp; 208701420 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **393750780** |
| **Energy 3.8%** | **Energy 3.8%** | **Energy 3.8%** |
| **Oil, Gas & Consumable Fuels 3.8%** | **Oil, Gas & Consumable Fuels 3.8%** | **Oil, Gas & Consumable Fuels 3.8%** |
| Chevron Corp. | &nbsp;&nbsp; 1377924 | &nbsp;&nbsp; 257341086 |
| ConocoPhillips Co. | &nbsp;&nbsp; 1858629 | &nbsp;&nbsp; 210880046 |
| EOG Resources, Inc. | &nbsp;&nbsp; 1249188 | &nbsp;&nbsp; 154999247 |
| Total |  | &nbsp;&nbsp; 623220379 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **623220379** |
| **Financials 12.3%** | **Financials 12.3%** | **Financials 12.3%** |
| **Banks 3.7%** | **Banks 3.7%** | **Banks 3.7%** |
| Bank of America Corp. | &nbsp;&nbsp; 4787599 | &nbsp;&nbsp; 238566058 |
| JPMorgan Chase & Co. | &nbsp;&nbsp; 552816 | &nbsp;&nbsp; 166010645 |
| Wells Fargo & Co. | &nbsp;&nbsp; 2285834 | &nbsp;&nbsp; 186181179 |
| Total |  | &nbsp;&nbsp; 590757882 |
| **Capital Markets 4.5%** | **Capital Markets 4.5%** | **Capital Markets 4.5%** |
| Blackrock, Inc. | &nbsp;&nbsp; 241609 | &nbsp;&nbsp; 256885937 |
| Charles Schwab Corp. (The) | &nbsp;&nbsp; 1616709 | &nbsp;&nbsp; 153910697 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp; 497550 | &nbsp;&nbsp; 81662881 |
| Morgan Stanley | &nbsp;&nbsp; 1013160 | &nbsp;&nbsp; 168701272 |
| S&P Global, Inc. | &nbsp;&nbsp; 164688 | &nbsp;&nbsp; 72772333 |
| Total |  | &nbsp;&nbsp; 733933120 |
| **Financial Services 3.2%** | **Financial Services 3.2%** | **Financial Services 3.2%** |
| Block, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 1026681 | &nbsp;&nbsp; 65399580 |
| MasterCard, Inc., Class A | &nbsp;&nbsp; 298033 | &nbsp;&nbsp; 154145648 |
| Visa, Inc., Class A | &nbsp;&nbsp; 941346 | &nbsp;&nbsp; 301362508 |
| Total |  | &nbsp;&nbsp; 520907736 |
| **Insurance 0.9%** | **Insurance 0.9%** | **Insurance 0.9%** |
| Aon PLC, Class A | &nbsp;&nbsp; 452352 | &nbsp;&nbsp; 151750526 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **1997349264** |
| **Health Care 10.7%** | **Health Care 10.7%** | **Health Care 10.7%** |
| **Biotechnology 2.5%** | **Biotechnology 2.5%** | **Biotechnology 2.5%** |
| AbbVie, Inc. | &nbsp;&nbsp; 746641 | &nbsp;&nbsp; 173280443 |
| Vertex Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 465888 | &nbsp;&nbsp; 231467135 |
| Total |  | &nbsp;&nbsp; 404747578 |

---

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

Columbia Contrarian Core Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Health Care Equipment & Supplies 2.3%** | **Health Care Equipment & Supplies 2.3%** | **Health Care Equipment & Supplies 2.3%** |
| Abbott Laboratories | &nbsp;&nbsp; 1384341 | &nbsp;&nbsp; 161068075 |
| Becton Dickinson & Co. | &nbsp;&nbsp; 722375 | &nbsp;&nbsp; 127484740 |
| Boston Scientific Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1101856 | &nbsp;&nbsp; 84677634 |
| Total |  | &nbsp;&nbsp; 373230449 |
| **Health Care Providers & Services 1.3%** | **Health Care Providers & Services 1.3%** | **Health Care Providers & Services 1.3%** |
| Cigna Group (The) | &nbsp;&nbsp; 473204 | &nbsp;&nbsp; 137143983 |
| Henry Schein, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 918910 | &nbsp;&nbsp; 75708995 |
| Total |  | &nbsp;&nbsp; 212852978 |
| **Life Sciences Tools & Services 1.9%** | **Life Sciences Tools & Services 1.9%** | **Life Sciences Tools & Services 1.9%** |
| Agilent Technologies, Inc. | &nbsp;&nbsp; 66801 | &nbsp;&nbsp; 8108305 |
| IQVIA Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 474586 | &nbsp;&nbsp; 84860723 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp; 316561 | &nbsp;&nbsp; 164963103 |
| Waters Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 147700 | &nbsp;&nbsp; 47172426 |
| Total |  | &nbsp;&nbsp; 305104557 |
| **Pharmaceuticals 2.7%** | **Pharmaceuticals 2.7%** | **Pharmaceuticals 2.7%** |
| Eli Lilly & Co. | &nbsp;&nbsp; 411323 | &nbsp;&nbsp; 432707683 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **1728643245** |
| **Industrials 9.8%** | **Industrials 9.8%** | **Industrials 9.8%** |
| **Aerospace & Defense 2.2%** | **Aerospace & Defense 2.2%** | **Aerospace & Defense 2.2%** |
| Boeing Co. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 989645 | &nbsp;&nbsp; 225173927 |
| General Electric Co. | &nbsp;&nbsp; 116278 | &nbsp;&nbsp; 39797308 |
| RTX Corp. | &nbsp;&nbsp; 440970 | &nbsp;&nbsp; 89349342 |
| Total |  | &nbsp;&nbsp; 354320577 |
| **Building Products 0.8%** | **Building Products 0.8%** | **Building Products 0.8%** |
| Carrier Global Corp. | &nbsp;&nbsp; 2076340 | &nbsp;&nbsp; 133716296 |
| **Commercial Services & Supplies 0.6%** | **Commercial Services & Supplies 0.6%** | **Commercial Services & Supplies 0.6%** |
| Waste Management, Inc. | &nbsp;&nbsp; 418083 | &nbsp;&nbsp; 100691110 |
| **Electrical Equipment 1.6%** | **Electrical Equipment 1.6%** | **Electrical Equipment 1.6%** |
| Eaton Corp. PLC | &nbsp;&nbsp; 507151 | &nbsp;&nbsp; 190648204 |
| GE Vernova, Inc. | &nbsp;&nbsp; 87036 | &nbsp;&nbsp; 76034650 |
| Total |  | &nbsp;&nbsp; 266682854 |
| **Industrial Conglomerates 2.2%** | **Industrial Conglomerates 2.2%** | **Industrial Conglomerates 2.2%** |
| Honeywell International, Inc. | &nbsp;&nbsp; 1468633 | &nbsp;&nbsp; 357744312 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Machinery 1.7%** | **Machinery 1.7%** | **Machinery 1.7%** |
| PACCAR, Inc. | &nbsp;&nbsp; 667827 | &nbsp;&nbsp; 84206306 |
| Parker-Hannifin Corp. | &nbsp;&nbsp; 76020 | &nbsp;&nbsp; 76717864 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp; 1256805 | &nbsp;&nbsp; 108701064 |
| Total |  | &nbsp;&nbsp; 269625234 |
| **Professional Services 0.7%** | **Professional Services 0.7%** | **Professional Services 0.7%** |
| Jacobs Solutions, Inc. | &nbsp;&nbsp; 786964 | &nbsp;&nbsp; 108490857 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **1591271240** |
| **Information Technology 32.4%** | **Information Technology 32.4%** | **Information Technology 32.4%** |
| **Electronic Equipment, Instruments & Components 1.6%** | **Electronic Equipment, Instruments & Components 1.6%** | **Electronic Equipment, Instruments & Components 1.6%** |
| TE Connectivity PLC | &nbsp;&nbsp; 1113222 | &nbsp;&nbsp; 256208043 |
| **IT Services 0.3%** | **IT Services 0.3%** | **IT Services 0.3%** |
| Okta, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 666919 | &nbsp;&nbsp; 48351628 |
| **Semiconductors & Semiconductor Equipment 15.4%** | **Semiconductors & Semiconductor Equipment 15.4%** | **Semiconductors & Semiconductor Equipment 15.4%** |
| Applied Materials, Inc. | &nbsp;&nbsp; 570061 | &nbsp;&nbsp; 212233710 |
| Broadcom, Inc. | &nbsp;&nbsp; 1338995 | &nbsp;&nbsp; 427875852 |
| Lam Research Corp. | &nbsp;&nbsp; 697248 | &nbsp;&nbsp; 163079335 |
| Marvell Technology, Inc. | &nbsp;&nbsp; 1024484 | &nbsp;&nbsp; 83690098 |
| Micron Technology, Inc. | &nbsp;&nbsp; 153065 | &nbsp;&nbsp; 63119414 |
| NVIDIA Corp. | &nbsp;&nbsp; 7204324 | &nbsp;&nbsp; 1276534170 |
| Texas Instruments, Inc. | &nbsp;&nbsp; 1275520 | &nbsp;&nbsp; 270550547 |
| Total |  | &nbsp;&nbsp; 2497083126 |
| **Software 8.5%** | **Software 8.5%** | **Software 8.5%** |
| Intuit, Inc. | &nbsp;&nbsp; 191141 | &nbsp;&nbsp; 78182403 |
| Microsoft Corp. | &nbsp;&nbsp; 2463912 | &nbsp;&nbsp; 967676799 |
| Oracle Corp. | &nbsp;&nbsp; 919235 | &nbsp;&nbsp; 133656769 |
| Palo Alto Networks, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 359663 | &nbsp;&nbsp; 53561014 |
| Salesforce, Inc. | &nbsp;&nbsp; 274390 | &nbsp;&nbsp; 53448428 |
| Synopsys, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 190035 | &nbsp;&nbsp; 78674490 |
| Total |  | &nbsp;&nbsp; 1365199903 |
| **Technology Hardware, Storage & Peripherals 6.6%** | **Technology Hardware, Storage & Peripherals 6.6%** | **Technology Hardware, Storage & Peripherals 6.6%** |
| Apple, Inc. | &nbsp;&nbsp; 3739285 | &nbsp;&nbsp; 987844311 |
| Dell Technologies, Inc. | &nbsp;&nbsp; 569484 | &nbsp;&nbsp; 84329191 |
| Total |  | &nbsp;&nbsp; 1072173502 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **5239016202** |

---

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

Columbia Contrarian Core Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Materials 0.5%** | **Materials 0.5%** | **Materials 0.5%** |
| **Chemicals 0.5%** | **Chemicals 0.5%** | **Chemicals 0.5%** |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp; 934974 | &nbsp;&nbsp; 76882912 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **76882912** |
| **Real Estate 1.3%** | **Real Estate 1.3%** | **Real Estate 1.3%** |
| **Specialized REITs 1.3%** | **Specialized REITs 1.3%** | **Specialized REITs 1.3%** |
| Equinix, Inc. | &nbsp;&nbsp; 216636 | &nbsp;&nbsp; 211059789 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **211059789** |
| **Utilities 2.3%** | **Utilities 2.3%** | **Utilities 2.3%** |
| **Multi-Utilities 2.3%** | **Multi-Utilities 2.3%** | **Multi-Utilities 2.3%** |
| DTE Energy Co. | &nbsp;&nbsp; 1340308 | &nbsp;&nbsp; 198687258 |
| Public Service Enterprise Group, Inc. | &nbsp;&nbsp; 1997901 | &nbsp;&nbsp; 171959339 |
| Total |  | &nbsp;&nbsp; 370646597 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **370646597** |
| Total Common Stocks <br>(Cost $8,034,078,819) | Total Common Stocks <br>(Cost $8,034,078,819) | &nbsp;&nbsp; **15865440643** |

---

---

| | | |
|:---|:---|:---|
| **Money Market Funds 1.4%** | **Money Market Funds 1.4%** | **Money Market Funds 1.4%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 223111396 | &nbsp;&nbsp; 223066774 |
| Total Money Market Funds <br>(Cost $223,038,038) | Total Money Market Funds <br>(Cost $223,038,038) | &nbsp;&nbsp; **223066774** |
| **Total Investments in Securities** <br>**(Cost: $8,257,116,857)** | **Total Investments in Securities** <br>**(Cost: $8,257,116,857)** | &nbsp;&nbsp; **16088507417** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **99364932** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **16187872349** |

---

**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% |
|  | 138367138 | &nbsp;&nbsp; 1883461240 | &nbsp;&nbsp; (1798778028)<br>| &nbsp;&nbsp; 16424 | &nbsp;&nbsp; 223066774 | &nbsp;&nbsp; (7588)<br>| &nbsp;&nbsp; 5445546 | &nbsp;&nbsp; 223111396 |

---

**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).

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

Columbia Contrarian Core Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

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 | 2017186412 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2017186412 |
| Consumer Discretionary | 1616413823 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1616413823 |
| Consumer Staples | 393750780 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 393750780 |
| Energy | 623220379 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 623220379 |
| Financials | 1997349264 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1997349264 |
| Health Care | 1728643245 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1728643245 |
| Industrials | 1591271240 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1591271240 |
| Information Technology | 5239016202 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5239016202 |
| Materials | 76882912 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 76882912 |
| Real Estate | 211059789 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 211059789 |
| Utilities | 370646597 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 370646597 |
| Total Common Stocks | 15865440643 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15865440643 |
| Money Market Funds | 223066774 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 223066774 |
| Total Investments in Securities | 16088507417 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16088507417 |

---

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 Contrarian Core 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 $8,034,078,819) | $15865440643 |
| Affiliated issuers (cost $223,038,038) | 223066774 |
| Receivable for: |  |
| Investments sold | 165765105 |
| Capital shares sold | 11239451 |
| Dividends | 14161747 |
| Foreign tax reclaims | 197597 |
| Prepaid expenses | 32487 |
| Deferred compensation of board members | 1230284 |
| Other assets | 73289 |
| Total assets | 16281207377 |
| **Liabilities** |  |
| Payable for: |  |
| Investments purchased | 78210940 |
| Capital shares redeemed | 11997693 |
| Management services fees | 265314 |
| Distribution and/or service fees | 27558 |
| Transfer agent fees | 1124416 |
| Compensation of chief compliance officer | 1279 |
| Compensation of board members | 15073 |
| Other expenses | 135549 |
| Deferred compensation of board members | 1557206 |
| Total liabilities | 93335028 |
| **Net assets applicable to outstanding capital stock** | **$16187872349** |
| **Represented by** |  |
| Paid in capital | 7925924665 |
| Total distributable earnings (loss) | 8261947684 |
| **Total - representing net assets applicable to outstanding capital stock** | **$16187872349** |

---

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

Columbia Contrarian Core Fund \| 2026

------

Statement of Assets and Liabilities (continued)

February 28, 2026 (Unaudited)

---

| | |
|:---|:---|
| **Class A** |  |
| Net assets | $2688009446 |
| Shares outstanding | 71238850 |
| Net asset value per share | $37.73 |
| 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) | $40.03 |
| **Class C** |  |
| Net assets | $258472357 |
| Shares outstanding | 8550161 |
| Net asset value per share | $30.23 |
| **Institutional Class** |  |
| Net assets | $7334051563 |
| Shares outstanding | 191559819 |
| Net asset value per share | $38.29 |
| **Institutional 2 Class** |  |
| Net assets | $739667769 |
| Shares outstanding | 18734770 |
| Net asset value per share | $39.48 |
| **Institutional 3 Class** |  |
| Net assets | $3898321256 |
| Shares outstanding | 98616672 |
| Net asset value per share | $39.53 |
| **Class R** |  |
| Net assets | $145868061 |
| Shares outstanding | 3871701 |
| Net asset value per share | $37.68 |
| **Class S** |  |
| Net assets | $1123481897 |
| Shares outstanding | 29342123 |
| Net asset value per share | $38.29 |

---

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

Columbia Contrarian Core 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 | $82759855 |
| Dividends — affiliated issuers | 5445546 |
| Interfund lending | 573 |
| Total income | 88205974 |
| Expenses: |  |
| Management services fees | 47820445 |
| Distribution and/or service fees |  |
| Class A | 3423220 |
| Class C | 1357511 |
| Class R | 380531 |
| Transfer agent fees |  |
| Class A | 1640893 |
| Class C | 162671 |
| Institutional Class | 4161161 |
| Institutional 2 Class | 202966 |
| Institutional 3 Class | 76808 |
| Class R | 91191 |
| Class S | 694219 |
| Custodian fees | 34416 |
| Printing and postage fees | 222614 |
| Registration fees | 134469 |
| Accounting services fees | 16079 |
| Legal fees | 130957 |
| Compensation of chief compliance officer | 1279 |
| Compensation of board members | 87302 |
| Deferred compensation of board members | 51263 |
| Other | 105978 |
| Total expenses | 60795973 |
| Expense reduction | (2711)<br>|
| Total net expenses | 60793262 |
| **Net investment income** | 27412712 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 834578014 |
| Investments — affiliated issuers | (7588)<br>|
| Net realized gain | 834570426 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | (167709880)<br>|
| Investments — affiliated issuers | 16424 |
| Net change in unrealized appreciation (depreciation) | (167693456)<br>|
| Net realized and unrealized gain | 666876970 |
| **Net increase in net assets resulting from operations** | **$694289682** |

---

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

Columbia Contrarian Core 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 | $27412712 | &nbsp;&nbsp; $53373572 |
| Net realized gain | 834570426 | &nbsp;&nbsp; 841602973 |
| Net change in unrealized appreciation (depreciation) | (167693456)<br>| &nbsp;&nbsp; 1202497824 |
| Net increase in net assets resulting from operations | 694289682 | &nbsp;&nbsp; 2097474369 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (188123877)<br>| &nbsp;&nbsp; (223978875)<br>|
| Class C | (22721754)<br>| &nbsp;&nbsp; (28924780)<br>|
| Institutional Class | (488109204)<br>| &nbsp;&nbsp; (540705300)<br>|
| Institutional 2 Class | (52571978)<br>| &nbsp;&nbsp; (66173337)<br>|
| Institutional 3 Class | (272892486)<br>| &nbsp;&nbsp; (333013353)<br>|
| Class R | (10261106)<br>| &nbsp;&nbsp; (12469008)<br>|
| Class S | (81414549)<br>| &nbsp;&nbsp; (100065516)<br>|
| Total distributions to shareholders | (1116094954)<br>| &nbsp;&nbsp; (1305330169)<br>|
| Increase in net assets from capital stock activity | 1058273101 | &nbsp;&nbsp; 145167890 |
| Total increase in net assets | 636467829 | &nbsp;&nbsp; 937312090 |
| Net assets at beginning of period | 15551404520 | &nbsp;&nbsp; 14614092430 |
| **Net assets at end of period** | **$16187872349** | &nbsp;&nbsp; **$15551404520** |

---

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

Columbia Contrarian Core 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 | 2705603 | &nbsp;&nbsp;&nbsp;&nbsp; 105316897 | &nbsp;&nbsp;&nbsp;&nbsp; 6148514 | &nbsp;&nbsp;&nbsp;&nbsp; 221026525 |
| Distributions reinvested | 4545433 | &nbsp;&nbsp;&nbsp;&nbsp; 172635560 | &nbsp;&nbsp;&nbsp;&nbsp; 5670423 | &nbsp;&nbsp;&nbsp;&nbsp; 204021810 |
| Shares redeemed | (5404966)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (211145427)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10558553)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (378798385)<br>|
| Net increase | 1846070 | &nbsp;&nbsp;&nbsp;&nbsp; 66807030 | &nbsp;&nbsp;&nbsp;&nbsp; 1260384 | &nbsp;&nbsp;&nbsp;&nbsp; 46249950 |
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1256291 | &nbsp;&nbsp;&nbsp;&nbsp; 49505203 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (20953039)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (839362650)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (19696748)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (789857447)<br>|
| Class C |  |  |  |  |
| Shares sold | 704139 | &nbsp;&nbsp;&nbsp;&nbsp; 22215512 | &nbsp;&nbsp;&nbsp;&nbsp; 1524178 | &nbsp;&nbsp;&nbsp;&nbsp; 44951386 |
| Distributions reinvested | 721720 | &nbsp;&nbsp;&nbsp;&nbsp; 21998029 | &nbsp;&nbsp;&nbsp;&nbsp; 950596 | &nbsp;&nbsp;&nbsp;&nbsp; 28080615 |
| Shares redeemed | (1474606)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (46260275)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3356887)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (99373611)<br>|
| Net decrease | (48747)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2046734)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (882113)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (26341610)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 33049286 | &nbsp;&nbsp;&nbsp;&nbsp; 1303967952 | &nbsp;&nbsp;&nbsp;&nbsp; 47876070 | &nbsp;&nbsp;&nbsp;&nbsp; 1791792355 |
| Distributions reinvested | 11969176 | &nbsp;&nbsp;&nbsp;&nbsp; 460932990 | &nbsp;&nbsp;&nbsp;&nbsp; 13941334 | &nbsp;&nbsp;&nbsp;&nbsp; 508022204 |
| Shares redeemed | (21600714)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (857854067)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (63755211)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2365835110)<br>|
| Net increase (decrease) | 23417748 | &nbsp;&nbsp;&nbsp;&nbsp; 907046875 | &nbsp;&nbsp;&nbsp;&nbsp; (1937807)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (66020551)<br>|
| Institutional 2 Class |  |  |  |  |
| Shares sold | 1189434 | &nbsp;&nbsp;&nbsp;&nbsp; 48835194 | &nbsp;&nbsp;&nbsp;&nbsp; 2976021 | &nbsp;&nbsp;&nbsp;&nbsp; 112913841 |
| Distributions reinvested | 1320296 | &nbsp;&nbsp;&nbsp;&nbsp; 52428961 | &nbsp;&nbsp;&nbsp;&nbsp; 1760970 | &nbsp;&nbsp;&nbsp;&nbsp; 66018787 |
| Shares redeemed | (3180973)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (130274521)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6378150)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (238801853)<br>|
| Net decrease | (671243)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (29010366)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1641159)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (59869225)<br>|
| Institutional 3 Class |  |  |  |  |
| Shares sold | 5055045 | &nbsp;&nbsp;&nbsp;&nbsp; 205258998 | &nbsp;&nbsp;&nbsp;&nbsp; 16569594 | &nbsp;&nbsp;&nbsp;&nbsp; 618666046 |
| Distributions reinvested | 5547495 | &nbsp;&nbsp;&nbsp;&nbsp; 220512911 | &nbsp;&nbsp;&nbsp;&nbsp; 7216512 | &nbsp;&nbsp;&nbsp;&nbsp; 270835711 |
| Shares redeemed | (8569505)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (351574164)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (24040421)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (915229458)<br>|
| Net increase (decrease) | 2033035 | &nbsp;&nbsp;&nbsp;&nbsp; 74197745 | &nbsp;&nbsp;&nbsp;&nbsp; (254315)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25727701)<br>|
| Class R |  |  |  |  |
| Shares sold | 96255 | &nbsp;&nbsp;&nbsp;&nbsp; 3748996 | &nbsp;&nbsp;&nbsp;&nbsp; 410439 | &nbsp;&nbsp;&nbsp;&nbsp; 14887280 |
| Distributions reinvested | 270022 | &nbsp;&nbsp;&nbsp;&nbsp; 10244618 | &nbsp;&nbsp;&nbsp;&nbsp; 345159 | &nbsp;&nbsp;&nbsp;&nbsp; 12425714 |
| Shares redeemed | (408880)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15977065)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (752541)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (26945440)<br>|
| Net increase (decrease) | (42603)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1983451)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3057 | &nbsp;&nbsp;&nbsp;&nbsp; 367554 |
| Class S |  |  |  |  |
| Shares sold | 1377861 | &nbsp;&nbsp;&nbsp;&nbsp; 54815439 | &nbsp;&nbsp;&nbsp;&nbsp; 30389484 | &nbsp;&nbsp;&nbsp;&nbsp; 1147051710 |
| Distributions reinvested | 2113139 | &nbsp;&nbsp;&nbsp;&nbsp; 81398107 | &nbsp;&nbsp;&nbsp;&nbsp; 2745973 | &nbsp;&nbsp;&nbsp;&nbsp; 100063243 |
| Shares redeemed | (2350687)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (92951544)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4933647)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (180748033)<br>|
| Net increase | 1140313 | &nbsp;&nbsp;&nbsp;&nbsp; 43262002 | &nbsp;&nbsp;&nbsp;&nbsp; 28201810 | &nbsp;&nbsp;&nbsp;&nbsp; 1066366920 |
| **Total net increase** | **27674573** | &nbsp;&nbsp;&nbsp;&nbsp; **1058273101** | &nbsp;&nbsp;&nbsp;&nbsp; **5053109** | &nbsp;&nbsp;&nbsp;&nbsp; **145167890** |

---

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

Columbia Contrarian Core 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>**(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) | $38.80 | 0.02 | 1.68 | 1.70 | &nbsp;&nbsp; (0.04)<br>| &nbsp;&nbsp; (2.73)<br>| &nbsp;&nbsp; (2.77)<br>|
| Year Ended 8/31/2025 | $36.94 | 0.05 | 5.15 | 5.20 | &nbsp;&nbsp; (0.12)<br>| &nbsp;&nbsp; (3.22)<br>| &nbsp;&nbsp; (3.34)<br>|
| Year Ended 8/31/2024 | $29.86 | 0.13 | 7.85 | 7.98 | &nbsp;&nbsp; (0.11)<br>| &nbsp;&nbsp; (0.79)<br>| &nbsp;&nbsp; (0.90)<br>|
| Year Ended 8/31/2023 | $27.82 | 0.11 | 4.46 | 4.57 | &nbsp;&nbsp; (0.06)<br>| &nbsp;&nbsp; (2.47)<br>| &nbsp;&nbsp; (2.53)<br>|
| Year Ended 8/31/2022 | $36.54 | 0.10 | &nbsp;&nbsp; (4.35)<br>| &nbsp;&nbsp; (4.25)<br>| &nbsp;&nbsp; (0.07)<br>| &nbsp;&nbsp; (4.40)<br>| &nbsp;&nbsp; (4.47)<br>|
| Year Ended 8/31/2021 | $29.79 | 0.09 | 8.94 | 9.03 | &nbsp;&nbsp; (0.17)<br>| &nbsp;&nbsp; (2.11)<br>| &nbsp;&nbsp; (2.28)<br>|
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | $31.68 | &nbsp;&nbsp; (0.10)<br>| 1.38 | 1.28 | &nbsp;&nbsp; — | &nbsp;&nbsp; (2.73)<br>| &nbsp;&nbsp; (2.73)<br>|
| Year Ended 8/31/2025 | $30.84 | &nbsp;&nbsp; (0.18)<br>| 4.24 | 4.06 | &nbsp;&nbsp; — | &nbsp;&nbsp; (3.22)<br>| &nbsp;&nbsp; (3.22)<br>|
| Year Ended 8/31/2024 | $25.15 | &nbsp;&nbsp; (0.09)<br>| 6.57 | 6.48 | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.79)<br>| &nbsp;&nbsp; (0.79)<br>|
| Year Ended 8/31/2023 | $23.94 | &nbsp;&nbsp; (0.08)<br>| 3.76 | 3.68 | &nbsp;&nbsp; — | &nbsp;&nbsp; (2.47)<br>| &nbsp;&nbsp; (2.47)<br>|
| Year Ended 8/31/2022 | $32.19 | &nbsp;&nbsp; (0.12)<br>| &nbsp;&nbsp; (3.73)<br>| &nbsp;&nbsp; (3.85)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (4.40)<br>| &nbsp;&nbsp; (4.40)<br>|
| Year Ended 8/31/2021 | $26.53 | &nbsp;&nbsp; (0.13)<br>| 7.90 | 7.77 | &nbsp;&nbsp; — | &nbsp;&nbsp; (2.11)<br>| &nbsp;&nbsp; (2.11)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $39.37 | 0.08 | 1.70 | 1.78 | &nbsp;&nbsp; (0.13)<br>| &nbsp;&nbsp; (2.73)<br>| &nbsp;&nbsp; (2.86)<br>|
| Year Ended 8/31/2025 | $37.44 | 0.14 | 5.22 | 5.36 | &nbsp;&nbsp; (0.21)<br>| &nbsp;&nbsp; (3.22)<br>| &nbsp;&nbsp; (3.43)<br>|
| Year Ended 8/31/2024 | $30.25 | 0.22 | 7.94 | 8.16 | &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.79)<br>| &nbsp;&nbsp; (0.97)<br>|
| Year Ended 8/31/2023 | $28.16 | 0.18 | 4.52 | 4.70 | &nbsp;&nbsp; (0.14)<br>| &nbsp;&nbsp; (2.47)<br>| &nbsp;&nbsp; (2.61)<br>|
| Year Ended 8/31/2022 | $36.92 | 0.18 | &nbsp;&nbsp; (4.38)<br>| &nbsp;&nbsp; (4.20)<br>| &nbsp;&nbsp; (0.16)<br>| &nbsp;&nbsp; (4.40)<br>| &nbsp;&nbsp; (4.56)<br>|
| Year Ended 8/31/2021 | $30.07 | 0.18 | 9.02 | 9.20 | &nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp; (2.11)<br>| &nbsp;&nbsp; (2.35)<br>|
| **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) | $40.52 | 0.09 | 1.76 | 1.85 | &nbsp;&nbsp; (0.16)<br>| &nbsp;&nbsp; (2.73)<br>| &nbsp;&nbsp; (2.89)<br>|
| Year Ended 8/31/2025 | $38.44 | 0.18 | 5.36 | 5.54 | &nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp; (3.22)<br>| &nbsp;&nbsp; (3.46)<br>|
| Year Ended 8/31/2024 | $31.03 | 0.25 | 8.15 | 8.40 | &nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp; (0.79)<br>| &nbsp;&nbsp; (0.99)<br>|
| Year Ended 8/31/2023 | $28.82 | 0.21 | 4.63 | 4.84 | &nbsp;&nbsp; (0.16)<br>| &nbsp;&nbsp; (2.47)<br>| &nbsp;&nbsp; (2.63)<br>|
| Year Ended 8/31/2022 | $37.68 | 0.21 | &nbsp;&nbsp; (4.49)<br>| &nbsp;&nbsp; (4.28)<br>| &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (4.40)<br>| &nbsp;&nbsp; (4.58)<br>|
| Year Ended 8/31/2021 | $30.64 | 0.20 | 9.21 | 9.41 | &nbsp;&nbsp; (0.26)<br>| &nbsp;&nbsp; (2.11)<br>| &nbsp;&nbsp; (2.37)<br>|

---

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

Columbia Contrarian Core 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 (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; $37.73 | &nbsp;&nbsp;&nbsp;&nbsp; 4.33% | &nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 0.98% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.12% | &nbsp;&nbsp;&nbsp;&nbsp; 27% | &nbsp;&nbsp;&nbsp;&nbsp; $2688009 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $38.80 | &nbsp;&nbsp;&nbsp;&nbsp; 14.79% | &nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 0.98% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $2692111 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $36.94 | &nbsp;&nbsp;&nbsp;&nbsp; 27.42% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% | &nbsp;&nbsp;&nbsp;&nbsp; 0.97% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.40% | &nbsp;&nbsp;&nbsp;&nbsp; 51% | &nbsp;&nbsp;&nbsp;&nbsp; $2516816 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $29.86 | &nbsp;&nbsp;&nbsp;&nbsp; 18.28% | &nbsp;&nbsp;&nbsp;&nbsp; 1.00% | &nbsp;&nbsp;&nbsp;&nbsp; 0.98% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.41% | &nbsp;&nbsp;&nbsp;&nbsp; 40% | &nbsp;&nbsp;&nbsp;&nbsp; $1845563 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $27.82 | &nbsp;&nbsp;&nbsp;&nbsp; (13.34%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.32% | &nbsp;&nbsp;&nbsp;&nbsp; 49% | &nbsp;&nbsp;&nbsp;&nbsp; $1671377 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $36.54 | &nbsp;&nbsp;&nbsp;&nbsp; 32.15% | &nbsp;&nbsp;&nbsp;&nbsp; 1.00% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.00% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.29% | &nbsp;&nbsp;&nbsp;&nbsp; 47% | &nbsp;&nbsp;&nbsp;&nbsp; $2061801 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $30.23 | &nbsp;&nbsp;&nbsp;&nbsp; 3.96% | &nbsp;&nbsp;&nbsp;&nbsp; 1.73% | &nbsp;&nbsp;&nbsp;&nbsp; 1.73% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.63%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27% | &nbsp;&nbsp;&nbsp;&nbsp; $258472 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $31.68 | &nbsp;&nbsp;&nbsp;&nbsp; 13.93% | &nbsp;&nbsp;&nbsp;&nbsp; 1.73% | &nbsp;&nbsp;&nbsp;&nbsp; 1.73% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.60%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $272424 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $30.84 | &nbsp;&nbsp;&nbsp;&nbsp; 26.45% | &nbsp;&nbsp;&nbsp;&nbsp; 1.74% | &nbsp;&nbsp;&nbsp;&nbsp; 1.72% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.35%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 51% | &nbsp;&nbsp;&nbsp;&nbsp; $292411 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $25.15 | &nbsp;&nbsp;&nbsp;&nbsp; 17.38% | &nbsp;&nbsp;&nbsp;&nbsp; 1.75% | &nbsp;&nbsp;&nbsp;&nbsp; 1.73% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.34%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 40% | &nbsp;&nbsp;&nbsp;&nbsp; $304121 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $23.94 | &nbsp;&nbsp;&nbsp;&nbsp; (13.95%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.74% | &nbsp;&nbsp;&nbsp;&nbsp; 1.74% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.44%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 49% | &nbsp;&nbsp;&nbsp;&nbsp; $378576 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $32.19 | &nbsp;&nbsp;&nbsp;&nbsp; 31.14% | &nbsp;&nbsp;&nbsp;&nbsp; 1.75% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.75% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.45%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 47% | &nbsp;&nbsp;&nbsp;&nbsp; $552047 |
| **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; $38.29 | &nbsp;&nbsp;&nbsp;&nbsp; 4.48% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.38% | &nbsp;&nbsp;&nbsp;&nbsp; 27% | &nbsp;&nbsp;&nbsp;&nbsp; $7334052 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $39.37 | &nbsp;&nbsp;&nbsp;&nbsp; 15.06% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.40% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $6619326 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $37.44 | &nbsp;&nbsp;&nbsp;&nbsp; 27.72% | &nbsp;&nbsp;&nbsp;&nbsp; 0.74% | &nbsp;&nbsp;&nbsp;&nbsp; 0.72% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp;&nbsp; 51% | &nbsp;&nbsp;&nbsp;&nbsp; $6367104 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $30.25 | &nbsp;&nbsp;&nbsp;&nbsp; 18.58% | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.66% | &nbsp;&nbsp;&nbsp;&nbsp; 40% | &nbsp;&nbsp;&nbsp;&nbsp; $4866117 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $28.16 | &nbsp;&nbsp;&nbsp;&nbsp; (13.09%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.74% | &nbsp;&nbsp;&nbsp;&nbsp; 0.74% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.57% | &nbsp;&nbsp;&nbsp;&nbsp; 49% | &nbsp;&nbsp;&nbsp;&nbsp; $4351597 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $36.92 | &nbsp;&nbsp;&nbsp;&nbsp; 32.47% | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.54% | &nbsp;&nbsp;&nbsp;&nbsp; 47% | &nbsp;&nbsp;&nbsp;&nbsp; $5311382 |
| **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; $39.48 | &nbsp;&nbsp;&nbsp;&nbsp; 4.52% | &nbsp;&nbsp;&nbsp;&nbsp; 0.66% | &nbsp;&nbsp;&nbsp;&nbsp; 0.66% | &nbsp;&nbsp;&nbsp;&nbsp; 0.44% | &nbsp;&nbsp;&nbsp;&nbsp; 27% | &nbsp;&nbsp;&nbsp;&nbsp; $739668 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $40.52 | &nbsp;&nbsp;&nbsp;&nbsp; 15.13% | &nbsp;&nbsp;&nbsp;&nbsp; 0.66% | &nbsp;&nbsp;&nbsp;&nbsp; 0.66% | &nbsp;&nbsp;&nbsp;&nbsp; 0.47% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $786383 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $38.44 | &nbsp;&nbsp;&nbsp;&nbsp; 27.81% | &nbsp;&nbsp;&nbsp;&nbsp; 0.67% | &nbsp;&nbsp;&nbsp;&nbsp; 0.65% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 51% | &nbsp;&nbsp;&nbsp;&nbsp; $809026 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $31.03 | &nbsp;&nbsp;&nbsp;&nbsp; 18.66% | &nbsp;&nbsp;&nbsp;&nbsp; 0.68% | &nbsp;&nbsp;&nbsp;&nbsp; 0.66% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 40% | &nbsp;&nbsp;&nbsp;&nbsp; $810032 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $28.82 | &nbsp;&nbsp;&nbsp;&nbsp; (13.03%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.67% | &nbsp;&nbsp;&nbsp;&nbsp; 0.67% | &nbsp;&nbsp;&nbsp;&nbsp; 0.64% | &nbsp;&nbsp;&nbsp;&nbsp; 49% | &nbsp;&nbsp;&nbsp;&nbsp; $667505 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $37.68 | &nbsp;&nbsp;&nbsp;&nbsp; 32.58% | &nbsp;&nbsp;&nbsp;&nbsp; 0.68% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.68% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.61% | &nbsp;&nbsp;&nbsp;&nbsp; 47% | &nbsp;&nbsp;&nbsp;&nbsp; $858820 |

---

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

Columbia Contrarian Core 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>**(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>|
| **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) | $40.58 | 0.10 | 1.76 | 1.86 | &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (2.73)<br>| &nbsp;&nbsp; (2.91)<br>|
| Year Ended 8/31/2025 | $38.48 | 0.19 | 5.38 | 5.57 | &nbsp;&nbsp; (0.25)<br>| &nbsp;&nbsp; (3.22)<br>| &nbsp;&nbsp; (3.47)<br>|
| Year Ended 8/31/2024 | $31.06 | 0.26 | 8.16 | 8.42 | &nbsp;&nbsp; (0.21)<br>| &nbsp;&nbsp; (0.79)<br>| &nbsp;&nbsp; (1.00)<br>|
| Year Ended 8/31/2023 | $28.85 | 0.22 | 4.63 | 4.85 | &nbsp;&nbsp; (0.17)<br>| &nbsp;&nbsp; (2.47)<br>| &nbsp;&nbsp; (2.64)<br>|
| Year Ended 8/31/2022 | $37.72 | 0.22 | &nbsp;&nbsp; (4.49)<br>| &nbsp;&nbsp; (4.27)<br>| &nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp; (4.40)<br>| &nbsp;&nbsp; (4.60)<br>|
| Year Ended 8/31/2021 | $30.67 | 0.22 | 9.21 | 9.43 | &nbsp;&nbsp; (0.27)<br>| &nbsp;&nbsp; (2.11)<br>| &nbsp;&nbsp; (2.38)<br>|
| **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** |
| Six Months Ended 2/28/2026 (Unaudited) | $38.75 | &nbsp;&nbsp; (0.03)<br>| 1.69 | 1.66 | &nbsp;&nbsp; — | &nbsp;&nbsp; (2.73)<br>| &nbsp;&nbsp; (2.73)<br>|
| Year Ended 8/31/2025 | $36.90 | &nbsp;&nbsp; (0.04)<br>| 5.14 | 5.10 | &nbsp;&nbsp; (0.03)<br>| &nbsp;&nbsp; (3.22)<br>| &nbsp;&nbsp; (3.25)<br>|
| Year Ended 8/31/2024 | $29.84 | 0.05 | 7.84 | 7.89 | &nbsp;&nbsp; (0.04)<br>| &nbsp;&nbsp; (0.79)<br>| &nbsp;&nbsp; (0.83)<br>|
| Year Ended 8/31/2023 | $27.80 | 0.04 | 4.47 | 4.51 | &nbsp;&nbsp; — | &nbsp;&nbsp; (2.47)<br>| &nbsp;&nbsp; (2.47)<br>|
| Year Ended 8/31/2022 | $36.52 | 0.02 | &nbsp;&nbsp; (4.34)<br>| &nbsp;&nbsp; (4.32)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (4.40)<br>| &nbsp;&nbsp; (4.40)<br>|
| Year Ended 8/31/2021 | $29.78 | 0.01 | 8.94 | 8.95 | &nbsp;&nbsp; (0.10)<br>| &nbsp;&nbsp; (2.11)<br>| &nbsp;&nbsp; (2.21)<br>|
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | $39.37 | 0.07 | 1.71 | 1.78 | &nbsp;&nbsp; (0.13)<br>| &nbsp;&nbsp; (2.73)<br>| &nbsp;&nbsp; (2.86)<br>|
| Year Ended 8/31/2025<sup>(e)</sup> <br>| $37.52 | 0.13 | 5.15 | 5.28 | &nbsp;&nbsp; (0.21)<br>| &nbsp;&nbsp; (3.22)<br>| &nbsp;&nbsp; (3.43)<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%. |
| (d) | Ratios include interfund lending expense which is less than 0.01%. |
| (e) | Class S shares commenced operations on October 2, 2024. 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 Contrarian Core 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 (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>|
| **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; $39.53 | &nbsp;&nbsp;&nbsp;&nbsp; 4.53% | &nbsp;&nbsp;&nbsp;&nbsp; 0.61% | &nbsp;&nbsp;&nbsp;&nbsp; 0.61% | &nbsp;&nbsp;&nbsp;&nbsp; 0.49% | &nbsp;&nbsp;&nbsp;&nbsp; 27% | &nbsp;&nbsp;&nbsp;&nbsp; $3898321 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $40.58 | &nbsp;&nbsp;&nbsp;&nbsp; 15.22% | &nbsp;&nbsp;&nbsp;&nbsp; 0.62% | &nbsp;&nbsp;&nbsp;&nbsp; 0.61% | &nbsp;&nbsp;&nbsp;&nbsp; 0.52% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $3919180 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $38.48 | &nbsp;&nbsp;&nbsp;&nbsp; 27.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.62% | &nbsp;&nbsp;&nbsp;&nbsp; 0.60% | &nbsp;&nbsp;&nbsp;&nbsp; 0.77% | &nbsp;&nbsp;&nbsp;&nbsp; 51% | &nbsp;&nbsp;&nbsp;&nbsp; $3726764 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $31.06 | &nbsp;&nbsp;&nbsp;&nbsp; 18.70% | &nbsp;&nbsp;&nbsp;&nbsp; 0.63% | &nbsp;&nbsp;&nbsp;&nbsp; 0.61% | &nbsp;&nbsp;&nbsp;&nbsp; 0.78% | &nbsp;&nbsp;&nbsp;&nbsp; 40% | &nbsp;&nbsp;&nbsp;&nbsp; $2916211 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $28.85 | &nbsp;&nbsp;&nbsp;&nbsp; (13.00%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.62% | &nbsp;&nbsp;&nbsp;&nbsp; 0.62% | &nbsp;&nbsp;&nbsp;&nbsp; 0.69% | &nbsp;&nbsp;&nbsp;&nbsp; 49% | &nbsp;&nbsp;&nbsp;&nbsp; $2642362 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $37.72 | &nbsp;&nbsp;&nbsp;&nbsp; 32.64% | &nbsp;&nbsp;&nbsp;&nbsp; 0.63% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.63% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.66% | &nbsp;&nbsp;&nbsp;&nbsp; 47% | &nbsp;&nbsp;&nbsp;&nbsp; $3338749 |
| **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; $37.68 | &nbsp;&nbsp;&nbsp;&nbsp; 4.23% | &nbsp;&nbsp;&nbsp;&nbsp; 1.23% | &nbsp;&nbsp;&nbsp;&nbsp; 1.23% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.13%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27% | &nbsp;&nbsp;&nbsp;&nbsp; $145868 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $38.75 | &nbsp;&nbsp;&nbsp;&nbsp; 14.50% | &nbsp;&nbsp;&nbsp;&nbsp; 1.23% | &nbsp;&nbsp;&nbsp;&nbsp; 1.23% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.10%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $151677 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $36.90 | &nbsp;&nbsp;&nbsp;&nbsp; 27.07% | &nbsp;&nbsp;&nbsp;&nbsp; 1.24% | &nbsp;&nbsp;&nbsp;&nbsp; 1.22% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.15% | &nbsp;&nbsp;&nbsp;&nbsp; 51% | &nbsp;&nbsp;&nbsp;&nbsp; $144334 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $29.84 | &nbsp;&nbsp;&nbsp;&nbsp; 17.99% | &nbsp;&nbsp;&nbsp;&nbsp; 1.25% | &nbsp;&nbsp;&nbsp;&nbsp; 1.23% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.16% | &nbsp;&nbsp;&nbsp;&nbsp; 40% | &nbsp;&nbsp;&nbsp;&nbsp; $122288 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $27.80 | &nbsp;&nbsp;&nbsp;&nbsp; (13.55%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.24% | &nbsp;&nbsp;&nbsp;&nbsp; 1.24% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.07% | &nbsp;&nbsp;&nbsp;&nbsp; 49% | &nbsp;&nbsp;&nbsp;&nbsp; $113472 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $36.52 | &nbsp;&nbsp;&nbsp;&nbsp; 31.83% | &nbsp;&nbsp;&nbsp;&nbsp; 1.25% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.25% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04% | &nbsp;&nbsp;&nbsp;&nbsp; 47% | &nbsp;&nbsp;&nbsp;&nbsp; $143336 |
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $38.29 | &nbsp;&nbsp;&nbsp;&nbsp; 4.48% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.37% | &nbsp;&nbsp;&nbsp;&nbsp; 27% | &nbsp;&nbsp;&nbsp;&nbsp; $1123482 |
|  Year Ended 8/31/2025 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $39.37 | &nbsp;&nbsp;&nbsp;&nbsp; 14.82% | &nbsp;&nbsp;&nbsp;&nbsp; 0.74% | &nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 0.40% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $1110303 |

---

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

Columbia Contrarian Core Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Contrarian Core Fund (the Fund), a series of Columbia Funds Series Trust I (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 and Class C shares are offered to the general public for investment. Class C shares automatically convert to Class A shares after 8 years. Institutional Class, Institutional 2 Class, Institutional 3 Class, Class R and Class S 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 Contrarian Core 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.

**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.

Columbia Contrarian Core Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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.

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 0.77% to 0.555% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.598% of the Fund's average daily net assets.

Columbia Contrarian Core 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 | 0.12 |
| Class C | 0.12 |
| Institutional Class | 0.12 |
| Institutional 2 Class | 0.05 |
| Institutional 3 Class | 0.00 |
| Class R | 0.12 |
| Class S | 0.12 |

---

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 $2,711.

Columbia Contrarian Core 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. The Board of Trustees has approved, and the Fund has adopted, distribution and shareholder service plans (the Plans) applicable to certain share classes, which set 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 Plans, the Fund pays a monthly service fee to the Distributor at the maximum annual rate of 0.25% of the average daily net assets attributable to Class A and Class C shares of the Fund. Also under the Plans, the Fund pays a monthly distribution fee to the Distributor at the maximum annual rates of 0.10%, 0.75% and 0.50% of the average daily net assets attributable to Class A, Class C and Class R shares of the Fund, respectively.

Although the Fund may pay distribution and service fees up to a maximum annual rate of 0.35% of the Fund's average daily net assets attributable to Class A shares (comprised of up to 0.10% for distribution services and up to 0.25% for shareholder services), the Fund currently limits such fees to an aggregate fee of not more than 0.25% of the Fund's average daily net assets attributable to Class A shares.

**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; 810402 |
| Class C | —<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.00 <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 8748 |

---

&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.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This charge applies to redemptions within 12 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;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;&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 |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75 | &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;1.74 |
| 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;0.75 | &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;0.74 |
| 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;0.68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.67 |
| 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;0.63 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.63 |
| 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;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;&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 |
| Class S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.75 | &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;0.74 |

---

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,

Columbia Contrarian Core Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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>|
| 8257117000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7897634000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (66244000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7831390000 |

---

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

Under current tax rules, regulated investment companies can elect to treat certain late-year ordinary losses incurred and post-October capital losses (capital losses realized after October 31) as arising on the first day of the following taxable year. The Fund will elect to treat the following late-year ordinary losses and post-October capital losses at August 31, 2025 as arising on September 1, 2025.

---

| | |
|:---|:---|
| **Late year** <br>**ordinary losses ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Post-October** <br>**capital losses ($)**<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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84480708 |

---

Note 5. Portfolio information

The cost of purchases and proceeds from sales of securities, excluding short-term investments and derivatives, if any, aggregated to $4,329,686,317 and $4,520,759,455, 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.

Columbia Contrarian Core Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 | 960000 | &nbsp;&nbsp;&nbsp;&nbsp;4.28 | &nbsp;&nbsp;&nbsp;&nbsp; 5 |

---

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.

Columbia Contrarian Core Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Shareholder concentration risk**

At February 28, 2026, affiliated shareholders of record owned 29.8% 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 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 Contrarian Core Fund \| 2026

------

**Columbia Contrarian Core Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787img06459ff92.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/

SAR133_08_T01_(04/26)

------

![](g469787img538643d81.jpg)

Columbia Emerging Markets 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_9d77db50-ad3f-4a53-bc6b-c2f27d40ffcc_POI-CommonContent-Date-63_1) | 3 |
| [Statement of Assets and Liabilities](#xx_9d77db50-ad3f-4a53-bc6b-c2f27d40ffcc_FS-CommonContent-Date-63_1) | 7 |
| [Statement of Operations](#xx_9d77db50-ad3f-4a53-bc6b-c2f27d40ffcc_FS-CommonContent-Date-63_3) | 9 |
| [Statement of Changes in Net Assets](#xx_9d77db50-ad3f-4a53-bc6b-c2f27d40ffcc_FS-CommonContent-Date-63_4) | 10 |
| [Financial Highlights](#xx_9d77db50-ad3f-4a53-bc6b-c2f27d40ffcc_FIHI-CommonContent-Date-63_1) | 12 |
| [Notes to Financial Statements](#xx_9d77db50-ad3f-4a53-bc6b-c2f27d40ffcc_NTF-CommonContent-Date-63_1) | 16 |

---

Columbia Emerging Markets 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 100.1%** | **Common Stocks 100.1%** | **Common Stocks 100.1%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Brazil 6.1%** | **Brazil 6.1%** | **Brazil 6.1%** |
| Banco BTG Pactual SA | &nbsp;&nbsp; 224180 | &nbsp;&nbsp; 2688061 |
| Embraer SA, ADR | &nbsp;&nbsp; 183797 | &nbsp;&nbsp; 13273819 |
| MercadoLibre, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7184 | &nbsp;&nbsp; 12626455 |
| NU Holdings Ltd., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 1379887 | &nbsp;&nbsp; 20670707 |
| Petroleo Brasileiro SA, ADR | &nbsp;&nbsp; 162577 | &nbsp;&nbsp; 2703656 |
| **Total** | **Total** | &nbsp;&nbsp; **51962698** |
| **China 21.7%** | **China 21.7%** | **China 21.7%** |
| Alibaba Group Holding Ltd. | &nbsp;&nbsp; 1497600 | &nbsp;&nbsp; 27101680 |
| Atour Lifestyle Holdings Ltd., ADR | &nbsp;&nbsp; 151228 | &nbsp;&nbsp; 5938724 |
| Bilibili, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 97960 | &nbsp;&nbsp; 2734521 |
| China Animal Healthcare Ltd.<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp; 6354000 | &nbsp;&nbsp; 1 |
| China Construction Bank Corp., Class H | &nbsp;&nbsp; 4823000 | &nbsp;&nbsp; 4906890 |
| China Hongqiao Group Ltd. | &nbsp;&nbsp; 1262500 | &nbsp;&nbsp; 5694480 |
| China Resources Land Ltd. | &nbsp;&nbsp; 2240000 | &nbsp;&nbsp; 9053349 |
| CITIC Securities Co., Ltd., Class A | &nbsp;&nbsp; 537800 | &nbsp;&nbsp; 2145139 |
| CMOC Group Ltd., Class H | &nbsp;&nbsp; 1443000 | &nbsp;&nbsp; 4439299 |
| Contemporary Amperex Technology Co., Ltd., <br> Class A<br>| &nbsp;&nbsp; 201240 | &nbsp;&nbsp; 10012340 |
| Eastroc Beverage Group Co., Ltd., Class A | &nbsp;&nbsp; 155471 | &nbsp;&nbsp; 5474649 |
| Futu Holdings Ltd., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 34186 | &nbsp;&nbsp; 5088244 |
| Fuyao Glass Industry Group Co., Ltd., Class A | &nbsp;&nbsp; 429786 | &nbsp;&nbsp; 3778849 |
| Hansoh Pharmaceutical Group Co., Ltd. | &nbsp;&nbsp; 792000 | &nbsp;&nbsp; 3525973 |
| Huatai Securities Co., Ltd., Class H | &nbsp;&nbsp; 965000 | &nbsp;&nbsp; 2063795 |
| Jiangsu Hengrui Pharmaceuticals Co., Ltd., <br> Class H<sup>(a)</sup> <br>| &nbsp;&nbsp; 268800 | &nbsp;&nbsp; 2283871 |
| Kuaishou Technology | &nbsp;&nbsp; 337600 | &nbsp;&nbsp; 2677013 |
| Montage Technology Co., Ltd., Class A | &nbsp;&nbsp; 97328 | &nbsp;&nbsp; 2314918 |
| New Horizon Health Ltd.<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp; 1356000 | &nbsp;&nbsp; 0 |
| Ping An Insurance Group Co. of China Ltd., Class H | &nbsp;&nbsp; 1341500 | &nbsp;&nbsp; 11604840 |
| Sieyuan Electric Co., Ltd., Class A | &nbsp;&nbsp; 262800 | &nbsp;&nbsp; 8207193 |
| Tencent Holdings Ltd. | &nbsp;&nbsp; 547100 | &nbsp;&nbsp; 35995806 |
| Tencent Music Entertainment Group, ADR | &nbsp;&nbsp; 164198 | &nbsp;&nbsp; 2397291 |
| WuXi Biologics Cayman, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1031000 | &nbsp;&nbsp; 5293392 |
| WuXi XDC Cayman, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 959500 | &nbsp;&nbsp; 7751462 |
| Zijin Mining Group Co., Ltd., Class H | &nbsp;&nbsp; 2256000 | &nbsp;&nbsp; 12913028 |
| **Total** | **Total** | &nbsp;&nbsp; **183396747** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Finland 0.5%** | **Finland 0.5%** | **Finland 0.5%** |
| Amer Sports, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 107306 | &nbsp;&nbsp; 4075482 |
| **Greece 4.3%** | **Greece 4.3%** | **Greece 4.3%** |
| Eurobank SA | &nbsp;&nbsp; 2768006 | &nbsp;&nbsp; 12825452 |
| JUMBO SA | &nbsp;&nbsp; 63419 | &nbsp;&nbsp; 1859909 |
| National Bank of Greece SA | &nbsp;&nbsp; 314257 | &nbsp;&nbsp; 5111917 |
| Piraeus Bank SA<sup>(a)</sup> <br>| &nbsp;&nbsp; 1010468 | &nbsp;&nbsp; 9695028 |
| Public Power Corp. SA | &nbsp;&nbsp; 292456 | &nbsp;&nbsp; 6544881 |
| **Total** | **Total** | &nbsp;&nbsp; **36037187** |
| **Hong Kong 1.1%** | **Hong Kong 1.1%** | **Hong Kong 1.1%** |
| Damai Entertainment Holdings Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13330000 | &nbsp;&nbsp; 1389676 |
| Hong Kong Exchanges and Clearing Ltd. | &nbsp;&nbsp; 71700 | &nbsp;&nbsp; 3830569 |
| Zijin Gold International Co., Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 151358 | &nbsp;&nbsp; 4465715 |
| **Total** | **Total** | &nbsp;&nbsp; **9685960** |
| **India 6.8%** | **India 6.8%** | **India 6.8%** |
| 360 ONE WAM Ltd. | &nbsp;&nbsp; 719579 | &nbsp;&nbsp; 8740583 |
| Bajaj Finance Ltd. | &nbsp;&nbsp; 482661 | &nbsp;&nbsp; 5293406 |
| Bharat Electronics Ltd. | &nbsp;&nbsp; 1069099 | &nbsp;&nbsp; 5234787 |
| Bharti Airtel Ltd. | &nbsp;&nbsp; 599881 | &nbsp;&nbsp; 12420409 |
| Cholamandalam Investment and Finance Co., Ltd. | &nbsp;&nbsp; 144220 | &nbsp;&nbsp; 2747825 |
| Eicher Motors Ltd. | &nbsp;&nbsp; 32124 | &nbsp;&nbsp; 2830698 |
| Eternal Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1747402 | &nbsp;&nbsp; 4728699 |
| HDFC Bank Ltd., ADR | &nbsp;&nbsp; 68378 | &nbsp;&nbsp; 2177839 |
| Lodha Developers Ltd. | &nbsp;&nbsp; 333510 | &nbsp;&nbsp; 3629401 |
| NTPC Ltd. | &nbsp;&nbsp; 630535 | &nbsp;&nbsp; 2650289 |
| Phoenix Mills Ltd. (The) | &nbsp;&nbsp; 390248 | &nbsp;&nbsp; 7124756 |
| **Total** | **Total** | &nbsp;&nbsp; **57578692** |
| **Mexico 1.0%** | **Mexico 1.0%** | **Mexico 1.0%** |
| BBB Foods, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 176334 | &nbsp;&nbsp; 6427374 |
| Vista Energy SAB de CV, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 39059 | &nbsp;&nbsp; 2255267 |
| **Total** | **Total** | &nbsp;&nbsp; **8682641** |
| **Poland 1.1%** | **Poland 1.1%** | **Poland 1.1%** |
| Powszechna Kasa Oszczednosci Bank Polski SA | &nbsp;&nbsp; 369148 | &nbsp;&nbsp; 9564133 |
| **Russian Federation —%** | **Russian Federation —%** | **Russian Federation —%** |
| Detsky Mir PJSC<sup>(a),(b),(c),(d)</sup> <br>| &nbsp;&nbsp; 5893953 | &nbsp;&nbsp; 0 |

---

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

Columbia Emerging Markets Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Singapore 0.6%** | **Singapore 0.6%** | **Singapore 0.6%** |
| Sea Ltd. ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 44996 | &nbsp;&nbsp; 4879816 |
| **South Africa 3.4%** | **South Africa 3.4%** | **South Africa 3.4%** |
| Capitec Bank Holdings Ltd. | &nbsp;&nbsp; 61685 | &nbsp;&nbsp; 18380857 |
| FirstRand Ltd. | &nbsp;&nbsp; 1711475 | &nbsp;&nbsp; 10665218 |
| **Total** | **Total** | &nbsp;&nbsp; **29046075** |
| **South Korea 21.5%** | **South Korea 21.5%** | **South Korea 21.5%** |
| Coupang, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 315163 | &nbsp;&nbsp; 6013310 |
| Doosan Co., Ltd. | &nbsp;&nbsp; 8361 | &nbsp;&nbsp; 7439533 |
| Doosan Enerbility Co., Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 38465 | &nbsp;&nbsp; 2842767 |
| Hanwha Aerospace Co., Ltd. | &nbsp;&nbsp; 10195 | &nbsp;&nbsp; 8474933 |
| HD Hyundai Co., Ltd. | &nbsp;&nbsp; 24836 | &nbsp;&nbsp; 5052252 |
| HD Hyundai Electric Co., Ltd. | &nbsp;&nbsp; 14123 | &nbsp;&nbsp; 10310574 |
| HD Hyundai Heavy Industries Co., Ltd. | &nbsp;&nbsp; 7475 | &nbsp;&nbsp; 3130341 |
| HD Hyundai Marine Solution Co., Ltd. | &nbsp;&nbsp; 42335 | &nbsp;&nbsp; 5420917 |
| KB Financial Group, Inc. | &nbsp;&nbsp; 72638 | &nbsp;&nbsp; 8016919 |
| Samsung Biologics Co., Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3432 | &nbsp;&nbsp; 4234347 |
| Samsung Electro-Mechanics Co., Ltd. | &nbsp;&nbsp; 13599 | &nbsp;&nbsp; 4250232 |
| Samsung Electronics Co., Ltd. | &nbsp;&nbsp; 438062 | &nbsp;&nbsp; 65565324 |
| SK Hynix, Inc. | &nbsp;&nbsp; 68724 | &nbsp;&nbsp; 50814010 |
| **Total** | **Total** | &nbsp;&nbsp; **181565459** |
| **Taiwan 25.7%** | **Taiwan 25.7%** | **Taiwan 25.7%** |
| Accton Technology Corp. | &nbsp;&nbsp; 425995 | &nbsp;&nbsp; 18746034 |
| ASPEED Technology, Inc. | &nbsp;&nbsp; 23000 | &nbsp;&nbsp; 7099252 |
| Chroma ATE, Inc. | &nbsp;&nbsp; 99000 | &nbsp;&nbsp; 4301943 |
| Delta Electronics, Inc. | &nbsp;&nbsp; 174000 | &nbsp;&nbsp; 7846324 |
| Elite Material Co., Ltd. | &nbsp;&nbsp; 134000 | &nbsp;&nbsp; 10262082 |
| eMemory Technology, Inc. | &nbsp;&nbsp; 41000 | &nbsp;&nbsp; 3260664 |
| Gold Circuit Electronics Ltd. | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 7143724 |
| Jentech Precision Industrial Co., Ltd. | &nbsp;&nbsp; 66000 | &nbsp;&nbsp; 6436093 |
| Lite-On Technology Corp. | &nbsp;&nbsp; 830000 | &nbsp;&nbsp; 4530514 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| MediaTek, Inc. | &nbsp;&nbsp; 159000 | &nbsp;&nbsp; 9794333 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp; 1933048 | &nbsp;&nbsp; 120618704 |
| Unimicron Technology Corp. | &nbsp;&nbsp; 1171000 | &nbsp;&nbsp; 17713096 |
| **Total** | **Total** | &nbsp;&nbsp; **217752763** |
| **Turkey 1.1%** | **Turkey 1.1%** | **Turkey 1.1%** |
| Akbank T.A.S. | &nbsp;&nbsp; 1611539 | &nbsp;&nbsp; 3313584 |
| BIM Birlesik Magazalar AS | &nbsp;&nbsp; 366480 | &nbsp;&nbsp; 5581887 |
| **Total** | **Total** | &nbsp;&nbsp; **8895471** |
| **United Arab Emirates 2.9%** | **United Arab Emirates 2.9%** | **United Arab Emirates 2.9%** |
| ADNOC Drilling Co. PJSC | &nbsp;&nbsp; 2421201 | &nbsp;&nbsp; 3375002 |
| Aldar Properties PJSC | &nbsp;&nbsp; 2401311 | &nbsp;&nbsp; 7060904 |
| Emaar Properties PJSC | &nbsp;&nbsp; 2088988 | &nbsp;&nbsp; 9219574 |
| Salik Co. PJSC | &nbsp;&nbsp; 2864738 | &nbsp;&nbsp; 4991580 |
| **Total** | **Total** | &nbsp;&nbsp; **24647060** |
| **United Kingdom 1.7%** | **United Kingdom 1.7%** | **United Kingdom 1.7%** |
| Anglogold Ashanti PLC | &nbsp;&nbsp; 110773 | &nbsp;&nbsp; 14153466 |
| **Vietnam 0.6%** | **Vietnam 0.6%** | **Vietnam 0.6%** |
| Vietnam Technological & Commercial Joint Stock <br> Bank<br>| &nbsp;&nbsp; 3767300 | &nbsp;&nbsp; 5243411 |
| Total Common Stocks <br>(Cost $444,644,237) | Total Common Stocks <br>(Cost $444,644,237) | &nbsp;&nbsp; **847167061** |
| **Money Market Funds 0.4%** | **Money Market Funds 0.4%** | **Money Market Funds 0.4%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(e),(f)</sup> <br>| &nbsp;&nbsp; 3647202 | &nbsp;&nbsp; 3646472 |
| Total Money Market Funds <br>(Cost $3,646,107) | Total Money Market Funds <br>(Cost $3,646,107) | &nbsp;&nbsp; **3646472** |
| **Total Investments in Securities** <br>**(Cost $448,290,344)** | **Total Investments in Securities** <br>**(Cost $448,290,344)** | &nbsp;&nbsp; **850813533** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(4426847)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$846386686** |

---

**Notes to Portfolio of Investments** 

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At February 28, 2026, the total value of these securities amounted to $1, which represents less than 0.01% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Valuation based on significant unobservable inputs.

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

Columbia Emerging Markets Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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 $0, which represents less than 0.01% 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 ($)** | **Value ($)** |
| Detsky Mir PJSC | 02/08/2017-12/13/2021 | &nbsp;&nbsp; 5893953 | &nbsp;&nbsp; 8677339 | &nbsp;&nbsp; — |

---

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) Under the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company's outstanding voting securities, or a company which is under common ownership or control with the Fund. The 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% |
|  | 4170003 | &nbsp;&nbsp; 107329938 | &nbsp;&nbsp; (107853834)<br>| &nbsp;&nbsp; 365 | &nbsp;&nbsp; 3646472 | &nbsp;&nbsp; (945)<br>| &nbsp;&nbsp; 75494 | &nbsp;&nbsp; 3647202 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

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

Columbia Emerging Markets Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

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 |  |  |  |  |
| Brazil | 51962698 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 51962698 |
| China | 13424259 | &nbsp;&nbsp;&nbsp;&nbsp; 169972487 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 183396747 |
| Finland | 4075482 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4075482 |
| Greece | 11554937 | &nbsp;&nbsp;&nbsp;&nbsp; 24482250 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 36037187 |
| Hong Kong |  | &nbsp;&nbsp;&nbsp;&nbsp; 9685960 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9685960 |
| India | 2177839 | &nbsp;&nbsp;&nbsp;&nbsp; 55400853 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 57578692 |
| Mexico | 8682641 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8682641 |
| Poland |  | &nbsp;&nbsp;&nbsp;&nbsp; 9564133 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9564133 |
| Russian Federation |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>|
| Singapore | 4879816 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4879816 |
| South Africa |  | &nbsp;&nbsp;&nbsp;&nbsp; 29046075 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29046075 |
| South Korea | 6013310 | &nbsp;&nbsp;&nbsp;&nbsp; 175552149 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 181565459 |
| Taiwan |  | &nbsp;&nbsp;&nbsp;&nbsp; 217752763 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 217752763 |
| Turkey |  | &nbsp;&nbsp;&nbsp;&nbsp; 8895471 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8895471 |
| United Arab Emirates | 8366582 | &nbsp;&nbsp;&nbsp;&nbsp; 16280478 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24647060 |
| United Kingdom | 14153466 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14153466 |
| Vietnam |  | &nbsp;&nbsp;&nbsp;&nbsp; 5243411 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5243411 |
| Total Common Stocks | 125291030 | &nbsp;&nbsp;&nbsp;&nbsp; 721876030 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 847167061 |
| Money Market Funds | 3646472 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3646472 |
| Total Investments in Securities | 128937502 | &nbsp;&nbsp;&nbsp;&nbsp; 721876030 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 850813533 |

---

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

\* Rounds to zero.

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 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 Emerging Markets 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 $444,644,237) | $847167061 |
| Affiliated issuers (cost $3,646,107) | 3646472 |
| Cash | 16421 |
| Foreign currency (cost $1,673,948) | 1673948 |
| Receivable for: |  |
| Investments sold | 3731562 |
| Capital shares sold | 229441 |
| Dividends | 571298 |
| Foreign tax reclaims | 69249 |
| Expense reimbursement due from Investment Manager | 4307 |
| Prepaid expenses | 4513 |
| Deferred compensation of board members | 229341 |
| Other assets | 13440 |
| Total assets | 857357053 |
| **Liabilities** |  |
| Payable for: |  |
| Investments purchased | 7075113 |
| Capital shares redeemed | 598078 |
| Foreign capital gains taxes deferred | 2782839 |
| Management services fees | 25318 |
| Distribution and/or service fees | 1440 |
| Transfer agent fees | 50418 |
| Compensation of chief compliance officer | 61 |
| Compensation of board members | 1668 |
| Other expenses | 141052 |
| Deferred compensation of board members | 294380 |
| Total liabilities | 10970367 |
| **Net assets applicable to outstanding capital stock** | **$846386686** |
| **Represented by** |  |
| Paid in capital | 391067640 |
| Total distributable earnings (loss) | 455319046 |
| **Total - representing net assets applicable to outstanding capital stock** | **$846386686** |

---

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

Columbia Emerging Markets Fund \| 2026

------

Statement of Assets and Liabilities (continued)

February 28, 2026 (Unaudited)

---

| | |
|:---|:---|
| **Class A** |  |
| Net assets | $183964687 |
| Shares outstanding | 9791679 |
| Net asset value per share | $18.79 |
| 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) | $19.94 |
| **Class C** |  |
| Net assets | $6269298 |
| Shares outstanding | 370747 |
| Net asset value per share | $16.91 |
| **Institutional Class** |  |
| Net assets | $214903341 |
| Shares outstanding | 11214916 |
| Net asset value per share | $19.16 |
| **Institutional 2 Class** |  |
| Net assets | $63492664 |
| Shares outstanding | 3279282 |
| Net asset value per share | $19.36 |
| **Institutional 3 Class** |  |
| Net assets | $347953070 |
| Shares outstanding | 17866976 |
| Net asset value per share | $19.47 |
| **Class S** |  |
| Net assets | $29803626 |
| Shares outstanding | 1555412 |
| Net asset value per share | $19.16 |

---

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

Columbia Emerging Markets 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 | $3589060 |
| Dividends — affiliated issuers | 75494 |
| Foreign taxes withheld | (442567)<br>|
| Total income | 3221987 |
| Expenses: |  |
| Management services fees | 4183217 |
| Distribution and/or service fees |  |
| Class A | 203576 |
| Class C | 28070 |
| Transfer agent fees |  |
| Class A | 112661 |
| Class C | 3885 |
| Institutional Class | 137514 |
| Institutional 2 Class | 15481 |
| Institutional 3 Class | 6355 |
| Class S | 18416 |
| Custodian fees | 138234 |
| Printing and postage fees | 32258 |
| Registration fees | 60126 |
| Accounting services fees | 17337 |
| Legal fees | 14204 |
| Interest on interfund lending | 2077 |
| Compensation of chief compliance officer | 61 |
| Compensation of board members | 9365 |
| Deferred compensation of board members | 8529 |
| Other | 55386 |
| Total expenses | 5046752 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (597381)<br>|
| Expense reduction | (820)<br>|
| Total net expenses | 4448551 |
| **Net investment loss** | (1226564)<br>|
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 83037340 |
| Investments — affiliated issuers | (945)<br>|
| Foreign currency translations | (22484)<br>|
| Net realized gain | 83013911 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 123193170 |
| Investments — affiliated issuers | 365 |
| Foreign currency translations | (28768)<br>|
| Foreign capital gains tax | 153443 |
| Net change in unrealized appreciation (depreciation) | 123318210 |
| Net realized and unrealized gain | 206332121 |
| **Net increase in net assets resulting from operations** | **$205105557** |

---

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

Columbia Emerging Markets 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) | $(1226564)<br>| &nbsp;&nbsp; $3148908 |
| Net realized gain | 83013911 | &nbsp;&nbsp; 268968024 |
| Net change in unrealized appreciation (depreciation) | 123318210 | &nbsp;&nbsp; (128405267)<br>|
| Net increase in net assets resulting from operations | 205105557 | &nbsp;&nbsp; 143711665 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (7205186)<br>| &nbsp;&nbsp; (1521877)<br>|
| Class C | (273751)<br>| &nbsp;&nbsp; (19728)<br>|
| Institutional Class | (9125664)<br>| &nbsp;&nbsp; (2499509)<br>|
| Institutional 2 Class | (2686857)<br>| &nbsp;&nbsp; (567544)<br>|
| Institutional 3 Class | (15284063)<br>| &nbsp;&nbsp; (5101108)<br>|
| Class S | (1248783)<br>| &nbsp;&nbsp; (291012)<br>|
| Total distributions to shareholders | (35824304)<br>| &nbsp;&nbsp; (10000778)<br>|
| Decrease in net assets from capital stock activity | (52895867)<br>| &nbsp;&nbsp; (519472159)<br>|
| Total increase (decrease) in net assets | 116385386 | &nbsp;&nbsp; (385761272)<br>|
| Net assets at beginning of period | 730001300 | &nbsp;&nbsp; 1115762572 |
| **Net assets at end of period** | **$846386686** | &nbsp;&nbsp; **$730001300** |

---

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

Columbia Emerging Markets 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 | 543747 | &nbsp;&nbsp;&nbsp;&nbsp; 9247347 | &nbsp;&nbsp;&nbsp;&nbsp; 534861 | &nbsp;&nbsp;&nbsp;&nbsp; 7255891 |
| Distributions reinvested | 450543 | &nbsp;&nbsp;&nbsp;&nbsp; 6947371 | &nbsp;&nbsp;&nbsp;&nbsp; 111048 | &nbsp;&nbsp;&nbsp;&nbsp; 1435855 |
| Shares redeemed | (1174663)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19534495)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2296710)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (31095019)<br>|
| Net decrease | (180373)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3339777)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1650801)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22403273)<br>|
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 151850 | &nbsp;&nbsp;&nbsp;&nbsp; 2065179 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3947669)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (53182658)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3795819)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (51117479)<br>|
| Class C |  |  |  |  |
| Shares sold | 25397 | &nbsp;&nbsp;&nbsp;&nbsp; 401115 | &nbsp;&nbsp;&nbsp;&nbsp; 21772 | &nbsp;&nbsp;&nbsp;&nbsp; 266271 |
| Distributions reinvested | 19524 | &nbsp;&nbsp;&nbsp;&nbsp; 271386 | &nbsp;&nbsp;&nbsp;&nbsp; 1663 | &nbsp;&nbsp;&nbsp;&nbsp; 19623 |
| Shares redeemed | (54037)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (830146)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (148453)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1814132)<br>|
| Net decrease | (9116)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (157645)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (125018)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1528238)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 992178 | &nbsp;&nbsp;&nbsp;&nbsp; 17182916 | &nbsp;&nbsp;&nbsp;&nbsp; 6476332 | &nbsp;&nbsp;&nbsp;&nbsp; 87134311 |
| Distributions reinvested | 518547 | &nbsp;&nbsp;&nbsp;&nbsp; 8151556 | &nbsp;&nbsp;&nbsp;&nbsp; 169138 | &nbsp;&nbsp;&nbsp;&nbsp; 2229237 |
| Shares redeemed | (2547037)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (43753310)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (29293924)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (404156492)<br>|
| Net decrease | (1036312)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (18418838)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22648454)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (314792944)<br>|
| Institutional 2 Class |  |  |  |  |
| Shares sold | 155816 | &nbsp;&nbsp;&nbsp;&nbsp; 2752105 | &nbsp;&nbsp;&nbsp;&nbsp; 1215662 | &nbsp;&nbsp;&nbsp;&nbsp; 18489060 |
| Distributions reinvested | 169114 | &nbsp;&nbsp;&nbsp;&nbsp; 2685527 | &nbsp;&nbsp;&nbsp;&nbsp; 42608 | &nbsp;&nbsp;&nbsp;&nbsp; 567110 |
| Shares redeemed | (433475)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7533748)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1670513)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22989227)<br>|
| Net decrease | (108545)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2096116)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (412243)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3933057)<br>|
| Institutional 3 Class |  |  |  |  |
| Shares sold | 702844 | &nbsp;&nbsp;&nbsp;&nbsp; 12439582 | &nbsp;&nbsp;&nbsp;&nbsp; 1690799 | &nbsp;&nbsp;&nbsp;&nbsp; 24710441 |
| Distributions reinvested | 528905 | &nbsp;&nbsp;&nbsp;&nbsp; 8451901 | &nbsp;&nbsp;&nbsp;&nbsp; 240282 | &nbsp;&nbsp;&nbsp;&nbsp; 3214980 |
| Shares redeemed | (2846333)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (49441627)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (12160759)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (176073449)<br>|
| Net decrease | (1614584)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (28550144)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10229678)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (148148028)<br>|
| Class S |  |  |  |  |
| Shares sold | 29 | &nbsp;&nbsp;&nbsp;&nbsp; 503 | &nbsp;&nbsp;&nbsp;&nbsp; 1794611 | &nbsp;&nbsp;&nbsp;&nbsp; 25526759 |
| Distributions reinvested | 79439 | &nbsp;&nbsp;&nbsp;&nbsp; 1248783 | &nbsp;&nbsp;&nbsp;&nbsp; 22080 | &nbsp;&nbsp;&nbsp;&nbsp; 291012 |
| Shares redeemed | (92705)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1582633)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (248042)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3366911)<br>|
| Net increase (decrease) | (13237)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (333347)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1568649 | &nbsp;&nbsp;&nbsp;&nbsp; 22450860 |
| **Total net decrease** | **(2962167)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(52895867)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(37293364)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(519472159)**<br>|

---

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

Columbia Emerging Markets 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>**(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>| **Tax** <br>**return of** <br>**capital**<br>| **Total** <br>**distributions to** <br>**shareholders**<br>|
| **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 <br> (Unaudited)<br>| $15.17 | &nbsp;&nbsp; (0.05)<br>| 4.43 | 4.38 | &nbsp;&nbsp; (0.00)<br>| &nbsp;&nbsp; (0.76)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.76)<br>|
| Year Ended 8/31/2025 | $12.92 | 0.02 | 2.37 | 2.39 | &nbsp;&nbsp; (0.14)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.14)<br>|
| Year Ended 8/31/2024 | $11.77 | 0.08 | 1.07 | 1.15 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $11.89 | 0.06 | &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.12)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $19.06 | &nbsp;&nbsp; (0.04)<br>| &nbsp;&nbsp; (6.88)<br>| &nbsp;&nbsp; (6.92)<br>| &nbsp;&nbsp; (0.16)<br>| &nbsp;&nbsp; (0.07)<br>| &nbsp;&nbsp; (0.02)<br>| &nbsp;&nbsp; (0.25)<br>|
| Year Ended 8/31/2021 | $15.60 | &nbsp;&nbsp; (0.08)<br>| 3.72 | 3.64 | &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.18)<br>|
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 <br> (Unaudited)<br>| $13.77 | &nbsp;&nbsp; (0.10)<br>| 4.00 | 3.90 | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.76)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.76)<br>|
| Year Ended 8/31/2025 | $11.74 | &nbsp;&nbsp; (0.08)<br>| 2.15 | 2.07 | &nbsp;&nbsp; (0.04)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.04)<br>|
| Year Ended 8/31/2024 | $10.77 | &nbsp;&nbsp; (0.02)<br>| 0.99 | 0.97 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $10.96 | &nbsp;&nbsp; (0.03)<br>| &nbsp;&nbsp; (0.16)<br>| &nbsp;&nbsp; (0.19)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $17.67 | &nbsp;&nbsp; (0.15)<br>| &nbsp;&nbsp; (6.35)<br>| &nbsp;&nbsp; (6.50)<br>| &nbsp;&nbsp; (0.12)<br>| &nbsp;&nbsp; (0.07)<br>| &nbsp;&nbsp; (0.02)<br>| &nbsp;&nbsp; (0.21)<br>|
| Year Ended 8/31/2021 | $14.50 | &nbsp;&nbsp; (0.20)<br>| 3.45 | 3.25 | &nbsp;&nbsp; (0.08)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.08)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 <br> (Unaudited)<br>| $15.48 | &nbsp;&nbsp; (0.03)<br>| 4.52 | 4.49 | &nbsp;&nbsp; (0.05)<br>| &nbsp;&nbsp; (0.76)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.81)<br>|
| Year Ended 8/31/2025 | $13.19 | 0.06 | 2.40 | 2.46 | &nbsp;&nbsp; (0.17)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.17)<br>|
| Year Ended 8/31/2024 | $11.98 | 0.11 | 1.10 | 1.21 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $12.08 | 0.10 | &nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp; (0.10)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $19.32 | 0.01 | &nbsp;&nbsp; (6.98)<br>| &nbsp;&nbsp; (6.97)<br>| &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.07)<br>| &nbsp;&nbsp; (0.02)<br>| &nbsp;&nbsp; (0.27)<br>|
| Year Ended 8/31/2021 | $15.80 | &nbsp;&nbsp; (0.03)<br>| 3.77 | 3.74 | &nbsp;&nbsp; (0.22)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.22)<br>|
| **Institutional 2 Class** | **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 <br> (Unaudited)<br>| $15.64 | &nbsp;&nbsp; (0.02)<br>| 4.57 | 4.55 | &nbsp;&nbsp; (0.07)<br>| &nbsp;&nbsp; (0.76)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.83)<br>|
| Year Ended 8/31/2025 | $13.32 | 0.06 | 2.44 | 2.50 | &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.18)<br>|
| Year Ended 8/31/2024 | $12.09 | 0.11 | 1.12 | 1.23 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $12.18 | 0.10 | &nbsp;&nbsp; (0.19)<br>| &nbsp;&nbsp; (0.09)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $19.46 | 0.01 | &nbsp;&nbsp; (7.02)<br>| &nbsp;&nbsp; (7.01)<br>| &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.07)<br>| &nbsp;&nbsp; (0.02)<br>| &nbsp;&nbsp; (0.27)<br>|
| Year Ended 8/31/2021 | $15.92 | &nbsp;&nbsp; (0.02)<br>| 3.79 | 3.77 | &nbsp;&nbsp; (0.23)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.23)<br>|

---

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

Columbia Emerging Markets 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 (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** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $18.79 | &nbsp;&nbsp;&nbsp;&nbsp; 30.00%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.56% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.41% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.57%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25% | &nbsp;&nbsp;&nbsp;&nbsp; $183965 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $15.17 | &nbsp;&nbsp;&nbsp;&nbsp; 18.67%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.61% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.43% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.14% | &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $151249 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $12.92 | &nbsp;&nbsp;&nbsp;&nbsp; 9.77%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.54% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.42% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.64% | &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $150214 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $11.77 | &nbsp;&nbsp;&nbsp;&nbsp; (1.01%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.50% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.44% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.53% | &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $167308 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $11.89 | &nbsp;&nbsp;&nbsp;&nbsp; (36.71%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.44% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.44% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $206162 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $19.06 | &nbsp;&nbsp;&nbsp;&nbsp; 23.40%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.43% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.43% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.45%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16% | &nbsp;&nbsp;&nbsp;&nbsp; $356033 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $16.91 | &nbsp;&nbsp;&nbsp;&nbsp; 29.48%<br> &nbsp;&nbsp;&nbsp;&nbsp; 2.31% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 2.16% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.32%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25% | &nbsp;&nbsp;&nbsp;&nbsp; $6269 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $13.77 | &nbsp;&nbsp;&nbsp;&nbsp; 17.72%<br> &nbsp;&nbsp;&nbsp;&nbsp; 2.36% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 2.18% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.63%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $5229 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $11.74 | &nbsp;&nbsp;&nbsp;&nbsp; 9.01%<br> &nbsp;&nbsp;&nbsp;&nbsp; 2.29% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 2.18% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.14%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $5925 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $10.77 | &nbsp;&nbsp;&nbsp;&nbsp; (1.73%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 2.25% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 2.19% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.24%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $8091 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $10.96 | &nbsp;&nbsp;&nbsp;&nbsp; (37.18%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 2.19% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 2.19% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.04%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $10706 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $17.67 | &nbsp;&nbsp;&nbsp;&nbsp; 22.45%<br> &nbsp;&nbsp;&nbsp;&nbsp; 2.18% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 2.18% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.19%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16% | &nbsp;&nbsp;&nbsp;&nbsp; $22680 |
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $19.16 | &nbsp;&nbsp;&nbsp;&nbsp; 30.17%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.31% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.16% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.32%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25% | &nbsp;&nbsp;&nbsp;&nbsp; $214903 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $15.48 | &nbsp;&nbsp;&nbsp;&nbsp; 18.87%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.35% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.42% | &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $189672 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $13.19 | &nbsp;&nbsp;&nbsp;&nbsp; 10.10%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.29% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.17% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $460366 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $11.98 | &nbsp;&nbsp;&nbsp;&nbsp; (0.83%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.25% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.19% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.84% | &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $438829 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $12.08 | &nbsp;&nbsp;&nbsp;&nbsp; (36.52%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.20% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.20% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.05% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $520117 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $19.32 | &nbsp;&nbsp;&nbsp;&nbsp; 23.70%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.18%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16% | &nbsp;&nbsp;&nbsp;&nbsp; $547997 |
| **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; $19.36 | &nbsp;&nbsp;&nbsp;&nbsp; 30.24%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.23% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.07% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.24%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25% | &nbsp;&nbsp;&nbsp;&nbsp; $63493 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $15.64 | &nbsp;&nbsp;&nbsp;&nbsp; 19.02%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.26% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.09% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.44% | &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $52996 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $13.32 | &nbsp;&nbsp;&nbsp;&nbsp; 10.17%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.20% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.07% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $50631 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $12.09 | &nbsp;&nbsp;&nbsp;&nbsp; (0.74%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.15% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.09% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $93313 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $12.18 | &nbsp;&nbsp;&nbsp;&nbsp; (36.44%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.09% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.04% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $174660 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $19.46 | &nbsp;&nbsp;&nbsp;&nbsp; 23.77%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.08% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.09%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16% | &nbsp;&nbsp;&nbsp;&nbsp; $391145 |

---

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

Columbia Emerging Markets 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>**(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>| **Tax** <br>**return of** <br>**capital**<br>| **Total** <br>**distributions to** <br>**shareholders**<br>|
| **Institutional 3 Class** | **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 <br> (Unaudited)<br>| $15.74 | &nbsp;&nbsp; (0.02)<br>| 4.59 | 4.57 | &nbsp;&nbsp; (0.08)<br>| &nbsp;&nbsp; (0.76)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.84)<br>|
| Year Ended 8/31/2025 | $13.40 | 0.07 | 2.46 | 2.53 | &nbsp;&nbsp; (0.19)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.19)<br>|
| Year Ended 8/31/2024 | $12.15 | 0.13 | 1.12 | 1.25 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $12.24 | 0.11 | &nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp; (0.09)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $19.55 | 0.02 | &nbsp;&nbsp; (7.05)<br>| &nbsp;&nbsp; (7.03)<br>| &nbsp;&nbsp; (0.19)<br>| &nbsp;&nbsp; (0.07)<br>| &nbsp;&nbsp; (0.02)<br>| &nbsp;&nbsp; (0.28)<br>|
| Year Ended 8/31/2021 | $15.99 | &nbsp;&nbsp; (0.01)<br>| 3.81 | 3.80 | &nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.24)<br>|
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 <br> (Unaudited)<br>| $15.48 | &nbsp;&nbsp; (0.03)<br>| 4.52 | 4.49 | &nbsp;&nbsp; (0.05)<br>| &nbsp;&nbsp; (0.76)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.81)<br>|
| Year Ended 8/31/2025<sup>(f)</sup> <br>| $14.13 | 0.05 | 1.47 | 1.52 | &nbsp;&nbsp; (0.17)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (0.17)<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) | 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% | &nbsp;&nbsp; 0.01% | less than 0.01% | less than 0.01% |
| Class C | less than 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% | less than 0.01% |
| Institutional Class | less than 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% | less than 0.01% |
| Institutional 2 Class | less than 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% | less than 0.01% |
| Institutional 3 Class | less than 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% | less than 0.01% |
| Class S | 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;&nbsp;&nbsp;(d) The benefits derived from expense reductions had an impact of less than 0.01%.

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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** | **8/31/2025** | **8/31/2022** |
| Class A | 0.02% | less than 0.01% |
| Class C | 0.02% | less than 0.01% |
| Institutional Class | 0.02% | less than 0.01% |
| Institutional 2 Class | 0.02% | less than 0.01% |
| Institutional 3 Class | 0.02% | less than 0.01% |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) Class S shares commenced operations on October 2, 2024. 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 Emerging Markets 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 (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>|
| **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; $19.47 | &nbsp;&nbsp;&nbsp;&nbsp; 30.19%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.02% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.19%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25% | &nbsp;&nbsp;&nbsp;&nbsp; $347953 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $15.74 | &nbsp;&nbsp;&nbsp;&nbsp; 19.11%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.21% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.04% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.51% | &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $306571 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $13.40 | &nbsp;&nbsp;&nbsp;&nbsp; 10.29%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.15% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.03% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.02% | &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $398170 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $12.15 | &nbsp;&nbsp;&nbsp;&nbsp; (0.74%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.10% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.05% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp;&nbsp; 44% | &nbsp;&nbsp;&nbsp;&nbsp; $460178 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $12.24 | &nbsp;&nbsp;&nbsp;&nbsp; (36.41%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.04% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.13% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $529223 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $19.55 | &nbsp;&nbsp;&nbsp;&nbsp; 23.84%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.03% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.03%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16% | &nbsp;&nbsp;&nbsp;&nbsp; $920211 |
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $19.16 | &nbsp;&nbsp;&nbsp;&nbsp; 30.17%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.31% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.16% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.32%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25% | &nbsp;&nbsp;&nbsp;&nbsp; $29804 |
|  Year Ended 8/31/2025 <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.48 | &nbsp;&nbsp;&nbsp;&nbsp; 10.96%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.35% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.38% | &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $24284 |

---

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

Columbia Emerging Markets Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Emerging Markets Fund (the Fund), a series of Columbia Funds Series Trust I (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 and Class C shares are offered to the general public for investment. Class C shares automatically convert to Class A shares after 8 years. Institutional Class, Institutional 2 Class, Institutional 3 Class and Class S 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 Emerging Markets 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 Emerging Markets 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 Emerging Markets 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 management services fee is an annual fee that is equal to a percentage of the Fund's daily net assets that declines from 1.10% to 0.70% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 1.09% 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.

**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.

Columbia Emerging Markets Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 | 0.14 |
| Class C | 0.14 |
| Institutional Class | 0.14 |
| Institutional 2 Class | 0.05 |
| Institutional 3 Class | 0.00 |
| Class S | 0.14 |

---

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 $820.

**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, distribution and shareholder service plans (the Plans) applicable to certain share classes, which set 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 Plans, the Fund pays a monthly service fee to the Distributor at the maximum annual rate of 0.25% of the average daily net assets attributable to Class A and Class C shares of the Fund. Also under the Plans, the Fund pays a monthly distribution fee to the Distributor at the maximum annual rate of 0.75% of the average daily net assets attributable to Class C shares of the Fund.

**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; 14778 |
| Class C | —<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.00 <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5 |

---

&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.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This charge applies to redemptions within 12 months after purchase, with certain limited exceptions.

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

Columbia Emerging Markets 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;1.36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.43 |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.18 |
| 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;1.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.18 |
| 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;1.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10 |
| 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;0.97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.05 |
| Class S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.18 |

---

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>|
| 448290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427362000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24838000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 402524000 |

---

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 $192,735,999 and $280,436,558, 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 Emerging Markets 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'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 | 1242857 | &nbsp;&nbsp;&nbsp;&nbsp;4.43 | &nbsp;&nbsp;&nbsp;&nbsp; 14 |

---

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.

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

Columbia Emerging Markets 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 21.9% 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. Affiliated shareholders of record owned 38.0% 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 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

Columbia Emerging Markets 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 Emerging Markets Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

**Columbia Emerging Markets Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787imgfb0e76fc2.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/

SAR142_08_T01_(04/26)

------

![](g469787img824a6e871.jpg)

Columbia Greater China 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_a3460c17-2490-4556-9357-1416cf905dc7_POI-CommonContent-Date-77_1) | 3 |
| [Statement of Assets and Liabilities](#xx_a3460c17-2490-4556-9357-1416cf905dc7_FS-CommonContent-Date-77_1) | 7 |
| [Statement of Operations](#xx_a3460c17-2490-4556-9357-1416cf905dc7_FS-CommonContent-Date-77_2) | 8 |
| [Statement of Changes in Net Assets](#xx_a3460c17-2490-4556-9357-1416cf905dc7_FS-CommonContent-Date-77_3) | 9 |
| [Financial Highlights](#xx_a3460c17-2490-4556-9357-1416cf905dc7_FIHI-CommonContent-Date-77_2) | 12 |
| [Notes to Financial Statements](#xx_a3460c17-2490-4556-9357-1416cf905dc7_NTF-CommonContent-Date-77_1) | 16 |

---

Columbia Greater China 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 99.7%** | **Common Stocks 99.7%** | **Common Stocks 99.7%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 22.6%** | **Communication Services 22.6%** | **Communication Services 22.6%** |
| **Entertainment 3.3%** | **Entertainment 3.3%** | **Entertainment 3.3%** |
| Damai Entertainment Holdings Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1060000 | &nbsp;&nbsp; 110507 |
| NetEase, Inc. | &nbsp;&nbsp; 50300 | &nbsp;&nbsp; 1133017 |
| Tencent Music Entertainment Group, ADR | &nbsp;&nbsp; 26129 | &nbsp;&nbsp; 381484 |
| Total |  | &nbsp;&nbsp; 1625008 |
| **Interactive Media & Services 19.3%** | **Interactive Media & Services 19.3%** | **Interactive Media & Services 19.3%** |
| Bilibili, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13500 | &nbsp;&nbsp; 376848 |
| Kuaishou Technology | &nbsp;&nbsp; 86400 | &nbsp;&nbsp; 685112 |
| Tencent Holdings Ltd. | &nbsp;&nbsp; 122000 | &nbsp;&nbsp; 8026848 |
| Zhihu, Inc., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 63286 | &nbsp;&nbsp; 210109 |
| Total |  | &nbsp;&nbsp; 9298917 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **10923925** |
| **Consumer Discretionary 23.3%** | **Consumer Discretionary 23.3%** | **Consumer Discretionary 23.3%** |
| **Automobile Components 2.9%** | **Automobile Components 2.9%** | **Automobile Components 2.9%** |
| Fuyao Glass Industry Group Co., Ltd. Class H | &nbsp;&nbsp; 97600 | &nbsp;&nbsp; 809914 |
| Hesai Group, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 6113 | &nbsp;&nbsp; 164745 |
| Minth Group Ltd. | &nbsp;&nbsp; 44000 | &nbsp;&nbsp; 245950 |
| Zhejiang Shuanghuan Driveline Co., Ltd., Class A | &nbsp;&nbsp; 27400 | &nbsp;&nbsp; 165096 |
| Total |  | &nbsp;&nbsp; 1385705 |
| **Broadline Retail 15.7%** | **Broadline Retail 15.7%** | **Broadline Retail 15.7%** |
| Alibaba Group Holding Ltd. | &nbsp;&nbsp; 334168 | &nbsp;&nbsp; 6047352 |
| PDD Holdings, Inc., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 14945 | &nbsp;&nbsp; 1550245 |
| Total |  | &nbsp;&nbsp; 7597597 |
| **Hotels, Restaurants & Leisure 3.2%** | **Hotels, Restaurants & Leisure 3.2%** | **Hotels, Restaurants & Leisure 3.2%** |
| Atour Lifestyle Holdings Ltd., ADR | &nbsp;&nbsp; 24509 | &nbsp;&nbsp; 962468 |
| DPC Dash Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16300 | &nbsp;&nbsp; 133343 |
| Luckin Coffee, Inc., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 6789 | &nbsp;&nbsp; 237140 |
| Trip.com Group Ltd., ADR | &nbsp;&nbsp; 3932 | &nbsp;&nbsp; 206902 |
| Total |  | &nbsp;&nbsp; 1539853 |
| **Textiles, Apparel & Luxury Goods 1.5%** | **Textiles, Apparel & Luxury Goods 1.5%** | **Textiles, Apparel & Luxury Goods 1.5%** |
| Amer Sports, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13722 | &nbsp;&nbsp; 521162 |
| Shenzhou International Group Holdings Ltd. | &nbsp;&nbsp; 23000 | &nbsp;&nbsp; 184967 |
| Total |  | &nbsp;&nbsp; 706129 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **11229284** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Consumer Staples 1.3%** | **Consumer Staples 1.3%** | **Consumer Staples 1.3%** |
| **Beverages 1.3%** | **Beverages 1.3%** | **Beverages 1.3%** |
| Eastroc Beverage Group Co., Ltd., Class A | &nbsp;&nbsp; 18266 | &nbsp;&nbsp; 643205 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **643205** |
| **Energy 0.5%** | **Energy 0.5%** | **Energy 0.5%** |
| **Energy Equipment & Services 0.5%** | **Energy Equipment & Services 0.5%** | **Energy Equipment & Services 0.5%** |
| Yantai Jereh Oilfield Services Group Co., Ltd., Class A | &nbsp;&nbsp; 14100 | &nbsp;&nbsp; 241187 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **241187** |
| **Financials 14.8%** | **Financials 14.8%** | **Financials 14.8%** |
| **Banks 7.5%** | **Banks 7.5%** | **Banks 7.5%** |
| China Construction Bank Corp., Class H | &nbsp;&nbsp; 2551340 | &nbsp;&nbsp; 2595718 |
| China Merchants Bank Co., Ltd., Class H | &nbsp;&nbsp; 162500 | &nbsp;&nbsp; 1010864 |
| Total |  | &nbsp;&nbsp; 3606582 |
| **Capital Markets 1.9%** | **Capital Markets 1.9%** | **Capital Markets 1.9%** |
| East Money Information Co., Ltd., Class A | &nbsp;&nbsp; 83200 | &nbsp;&nbsp; 273076 |
| Futu Holdings Ltd., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 3336 | &nbsp;&nbsp; 496530 |
| Hong Kong Exchanges and Clearing Ltd. | &nbsp;&nbsp; 2800 | &nbsp;&nbsp; 149590 |
| Total |  | &nbsp;&nbsp; 919196 |
| **Insurance 5.4%** | **Insurance 5.4%** | **Insurance 5.4%** |
| AIA Group Ltd. | &nbsp;&nbsp; 61400 | &nbsp;&nbsp; 677336 |
| Ping An Insurance Group Co. of China Ltd., Class H | &nbsp;&nbsp; 222000 | &nbsp;&nbsp; 1920443 |
| Total |  | &nbsp;&nbsp; 2597779 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **7123557** |
| **Health Care 4.3%** | **Health Care 4.3%** | **Health Care 4.3%** |
| **Biotechnology 0.5%** | **Biotechnology 0.5%** | **Biotechnology 0.5%** |
| Akeso, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 18000 | &nbsp;&nbsp; 245226 |
| **Health Care Providers & Services —%** | **Health Care Providers & Services —%** | **Health Care Providers & Services —%** |
| New Horizon Health Ltd.<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp; 287500 | &nbsp;&nbsp; 0 |
| **Life Sciences Tools & Services 2.1%** | **Life Sciences Tools & Services 2.1%** | **Life Sciences Tools & Services 2.1%** |
| WuXi Biologics Cayman, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 102000 | &nbsp;&nbsp; 523692 |
| WuXi XDC Cayman, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 62000 | &nbsp;&nbsp; 500876 |
| Total |  | &nbsp;&nbsp; 1024568 |

---

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

Columbia Greater China Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Pharmaceuticals 1.7%** | **Pharmaceuticals 1.7%** | **Pharmaceuticals 1.7%** |
| China Animal Healthcare Ltd.<sup>(a),(b),(c)</sup> <br>| &nbsp;&nbsp; 1050000 | &nbsp;&nbsp; 0 |
| Hansoh Pharmaceutical Group Co., Ltd. | &nbsp;&nbsp; 142000 | &nbsp;&nbsp; 632182 |
| Jiangsu Hengrui Pharmaceuticals Co., Ltd., Class H<sup>(a)</sup> <br>| &nbsp;&nbsp; 19600 | &nbsp;&nbsp; 166532 |
| Total |  | &nbsp;&nbsp; 798714 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **2068508** |
| **Industrials 10.7%** | **Industrials 10.7%** | **Industrials 10.7%** |
| **Electrical Equipment 7.3%** | **Electrical Equipment 7.3%** | **Electrical Equipment 7.3%** |
| Contemporary Amperex Technology Co., Ltd., Class A | &nbsp;&nbsp; 31480 | &nbsp;&nbsp; 1566232 |
| Harbin Electric Co., Ltd., Class H | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 681856 |
| Sieyuan Electric Co., Ltd., Class A | &nbsp;&nbsp; 41200 | &nbsp;&nbsp; 1286668 |
| Total |  | &nbsp;&nbsp; 3534756 |
| **Ground Transportation 0.5%** | **Ground Transportation 0.5%** | **Ground Transportation 0.5%** |
| DiDi Global, Inc., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 47676 | &nbsp;&nbsp; 208821 |
| **Machinery 2.4%** | **Machinery 2.4%** | **Machinery 2.4%** |
| First Tractor Co., Ltd., Class H | &nbsp;&nbsp; 182000 | &nbsp;&nbsp; 231481 |
| Jiangsu Hengli Hydraulic Co., Ltd., Class A | &nbsp;&nbsp; 12500 | &nbsp;&nbsp; 205741 |
| Weichai Power Co., Ltd., Class H | &nbsp;&nbsp; 77000 | &nbsp;&nbsp; 320421 |
| Yutong Bus Co., Ltd. | &nbsp;&nbsp; 89400 | &nbsp;&nbsp; 387165 |
| Total |  | &nbsp;&nbsp; 1144808 |
| **Professional Services 0.5%** | **Professional Services 0.5%** | **Professional Services 0.5%** |
| Kanzhun Ltd., ADR | &nbsp;&nbsp; 15300 | &nbsp;&nbsp; 246024 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **5134409** |
| **Information Technology 11.6%** | **Information Technology 11.6%** | **Information Technology 11.6%** |
| **Communications Equipment 0.5%** | **Communications Equipment 0.5%** | **Communications Equipment 0.5%** |
| Accton Technology Corp. | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 220026 |
| **Electronic Equipment, Instruments & Components 2.0%** | **Electronic Equipment, Instruments & Components 2.0%** | **Electronic Equipment, Instruments & Components 2.0%** |
| Elite Material Co., Ltd. | &nbsp;&nbsp; 3000 | &nbsp;&nbsp; 229748 |
| Unimicron Technology Corp. | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 756324 |
| Total |  | &nbsp;&nbsp; 986072 |
| **IT Services 2.0%** | **IT Services 2.0%** | **IT Services 2.0%** |
| GDS Holdings Ltd., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 23455 | &nbsp;&nbsp; 968926 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Semiconductors & Semiconductor Equipment 5.2%** | **Semiconductors & Semiconductor Equipment 5.2%** | **Semiconductors & Semiconductor Equipment 5.2%** |
| ASPEED Technology, Inc. | &nbsp;&nbsp; 1000 | &nbsp;&nbsp; 308663 |
| Jentech Precision Industrial Co., Ltd. | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 487583 |
| Montage Technology Co., Ltd., Class H<sup>(a)</sup> <br>| &nbsp;&nbsp; 9000 | &nbsp;&nbsp; 206151 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp; 24000 | &nbsp;&nbsp; 1497556 |
| Total |  | &nbsp;&nbsp; 2499953 |
| **Software 0.7%** | **Software 0.7%** | **Software 0.7%** |
| Beijing Kingsoft Office Software, Inc., Class A | &nbsp;&nbsp; 4197 | &nbsp;&nbsp; 184460 |
| Pony AI, Inc., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 10311 | &nbsp;&nbsp; 147860 |
| Total |  | &nbsp;&nbsp; 332320 |
| **Technology Hardware, Storage & Peripherals 1.2%** | **Technology Hardware, Storage & Peripherals 1.2%** | **Technology Hardware, Storage & Peripherals 1.2%** |
| Xiaomi Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 130200 | &nbsp;&nbsp; 575863 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **5583160** |
| **Materials 7.3%** | **Materials 7.3%** | **Materials 7.3%** |
| **Metals & Mining 7.3%** | **Metals & Mining 7.3%** | **Metals & Mining 7.3%** |
| China Hongqiao Group Ltd. | &nbsp;&nbsp; 178000 | &nbsp;&nbsp; 802865 |
| CMOC Group Ltd., Class H | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 461466 |
| Zijin Gold International Co., Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15215 | &nbsp;&nbsp; 448908 |
| Zijin Mining Group Co., Ltd., Class H | &nbsp;&nbsp; 318000 | &nbsp;&nbsp; 1820187 |
| Total |  | &nbsp;&nbsp; 3533426 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **3533426** |
| **Real Estate 3.3%** | **Real Estate 3.3%** | **Real Estate 3.3%** |
| **Real Estate Management & Development 3.3%** | **Real Estate Management & Development 3.3%** | **Real Estate Management & Development 3.3%** |
| China Resources Land Ltd. | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 788126 |
| KE Holdings, Inc., ADR | &nbsp;&nbsp; 49952 | &nbsp;&nbsp; 821711 |
| Total |  | &nbsp;&nbsp; 1609837 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **1609837** |
| Total Common Stocks <br>(Cost $28,918,152) | Total Common Stocks <br>(Cost $28,918,152) | &nbsp;&nbsp; **48090498** |
| **Money Market Funds 0.5%** | **Money Market Funds 0.5%** | **Money Market Funds 0.5%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(d),(e)</sup> <br>| &nbsp;&nbsp; 243695 | &nbsp;&nbsp; 243647 |
| Total Money Market Funds <br>(Cost $243,608) | Total Money Market Funds <br>(Cost $243,608) | &nbsp;&nbsp; **243647** |
| **Total Investments in Securities** <br>**(Cost: $29,161,760)** | **Total Investments in Securities** <br>**(Cost: $29,161,760)** | &nbsp;&nbsp; **48334145** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(80220)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **48253925** |

---

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

Columbia Greater China 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) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At February 28, 2026, the total value of these securities amounted to $0, which represents less than 0.01% of total net assets.

&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% |
|  | 123613 | &nbsp;&nbsp; 7670620 | &nbsp;&nbsp; (7550621)<br>| &nbsp;&nbsp; 35 | &nbsp;&nbsp; 243647 | &nbsp;&nbsp; (107)<br>| &nbsp;&nbsp; 9028 | &nbsp;&nbsp; 243695 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

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

Columbia Greater China 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** |  |  |  |  |
| Common Stocks |  |  |  |  |
| Communication Services | 591593 | &nbsp;&nbsp;&nbsp;&nbsp; 10332332 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10923925 |
| Consumer Discretionary | 3538865 | &nbsp;&nbsp;&nbsp;&nbsp; 7690419 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11229284 |
| Consumer Staples |  | &nbsp;&nbsp;&nbsp;&nbsp; 643205 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 643205 |
| Energy | 241187 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 241187 |
| Financials | 496530 | &nbsp;&nbsp;&nbsp;&nbsp; 6627027 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7123557 |
| Health Care |  | &nbsp;&nbsp;&nbsp;&nbsp; 2068508 | &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2068508 |
| Industrials | 633189 | &nbsp;&nbsp;&nbsp;&nbsp; 4501220 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5134409 |
| Information Technology | 1322937 | &nbsp;&nbsp;&nbsp;&nbsp; 4260223 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5583160 |
| Materials |  | &nbsp;&nbsp;&nbsp;&nbsp; 3533426 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3533426 |
| Real Estate | 821711 | &nbsp;&nbsp;&nbsp;&nbsp; 788126 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1609837 |
| Total Common Stocks | 7646012 | &nbsp;&nbsp;&nbsp;&nbsp; 40444486 | &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; 48090498 |
| Money Market Funds | 243647 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 243647 |
| Total Investments in Securities | 7889659 | &nbsp;&nbsp;&nbsp;&nbsp; 40444486 | &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; 48334145 |

---

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

\* Rounds to zero.

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 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 Greater China 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 $28,918,152) | $48090498 |
| Affiliated issuers (cost $243,608) | 243647 |
| Receivable for: |  |
| Investments sold | 217102 |
| Capital shares sold | 77 |
| Dividends | 1400 |
| Expense reimbursement due from Investment Manager | 262 |
| Prepaid expenses | 1442 |
| Deferred compensation of board members | 112680 |
| Other assets | 12124 |
| Total assets | 48679232 |
| **Liabilities** |  |
| Payable for: |  |
| Investments purchased | 244752 |
| Capital shares redeemed | 9087 |
| Management services fees | 1267 |
| Distribution and/or service fees | 206 |
| Transfer agent fees | 3683 |
| Compensation of chief compliance officer | 4 |
| Compensation of board members | 988 |
| Other expenses | 24221 |
| Deferred compensation of board members | 141099 |
| Total liabilities | 425307 |
| **Net assets applicable to outstanding capital stock** | **$48253925** |
| **Represented by** |  |
| Paid in capital | 50054357 |
| Total distributable earnings (loss) | (1800432)<br>|
| **Total - representing net assets applicable to outstanding capital stock** | **$48253925** |
| **Class A** |  |
| Net assets | $29857961 |
| Shares outstanding | 723390 |
| Net asset value per share | $41.28 |
| 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) | $43.80 |
| **Institutional Class** |  |
| Net assets | $7516925 |
| Shares outstanding | 163817 |
| Net asset value per share | $45.89 |
| **Institutional 3 Class** |  |
| Net assets | $10879039 |
| Shares outstanding | 236665 |
| Net asset value per share | $45.97 |

---

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

Columbia Greater China 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 | $195793 |
| Dividends — affiliated issuers | 9028 |
| Foreign taxes withheld | (16809)<br>|
| Total income | 188012 |
| Expenses: |  |
| Management services fees | 245697 |
| Distribution and/or service fees |  |
| Class A | 40035 |
| Transfer agent fees |  |
| Class A | 20368 |
| Institutional Class | 5086 |
| Institutional 3 Class | 259 |
| Custodian fees | 10000 |
| Printing and postage fees | 7080 |
| Registration fees | 31483 |
| Accounting services fees | 16835 |
| Legal fees | 8759 |
| Compensation of chief compliance officer | 4 |
| Compensation of board members | 5747 |
| Deferred compensation of board members | 4078 |
| Other | 7228 |
| Total expenses | 402659 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (57839)<br>|
| Expense reduction | (160)<br>|
| Total net expenses | 344660 |
| **Net investment loss** | (156648)<br>|
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 3299798 |
| Investments — affiliated issuers | (107)<br>|
| Foreign currency translations | (4019)<br>|
| Net realized gain | 3295672 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | (2943567)<br>|
| Investments — affiliated issuers | 35 |
| Foreign currency translations | 11 |
| Net change in unrealized appreciation (depreciation) | (2943521)<br>|
| Net realized and unrealized gain | 352151 |
| **Net increase in net assets resulting from operations** | **$195503** |

---

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

Columbia Greater China 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) | $(156648)<br>| &nbsp;&nbsp; $257243 |
| Net realized gain | 3295672 | &nbsp;&nbsp; 6520586 |
| Net change in unrealized appreciation (depreciation) | (2943521)<br>| &nbsp;&nbsp; 10928244 |
| Net increase in net assets resulting from operations | 195503 | &nbsp;&nbsp; 17706073 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (561942)<br>| &nbsp;&nbsp; (293615)<br>|
| Institutional Class | (141029)<br>| &nbsp;&nbsp; (72629)<br>|
| Institutional 3 Class | (221294)<br>| &nbsp;&nbsp; (154695)<br>|
| Total distributions to shareholders | (924265)<br>| &nbsp;&nbsp; (520939)<br>|
| Decrease in net assets from capital stock activity | (1789061)<br>| &nbsp;&nbsp; (17935680)<br>|
| Total decrease in net assets | (2517823)<br>| &nbsp;&nbsp; (750546)<br>|
| Net assets at beginning of period | 50771748 | &nbsp;&nbsp; 51522294 |
| **Net assets at end of period** | **$48253925** | &nbsp;&nbsp; **$50771748** |

---

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

Columbia Greater China 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 | 10167 | &nbsp;&nbsp;&nbsp;&nbsp; 439605 | &nbsp;&nbsp;&nbsp;&nbsp; 79002 | &nbsp;&nbsp;&nbsp;&nbsp; 2924947 |
| Distributions reinvested | 12099 | &nbsp;&nbsp;&nbsp;&nbsp; 504162 | &nbsp;&nbsp;&nbsp;&nbsp; 8024 | &nbsp;&nbsp;&nbsp;&nbsp; 264949 |
| Shares redeemed | (44084)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1911597)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (186557)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6547214)<br>|
| Net decrease | (21818)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (967830)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (99531)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3357318)<br>|
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3261 | &nbsp;&nbsp;&nbsp;&nbsp; 133275 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8865)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (326920)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5604)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (193645)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 9101 | &nbsp;&nbsp;&nbsp;&nbsp; 438271 | &nbsp;&nbsp;&nbsp;&nbsp; 122619 | &nbsp;&nbsp;&nbsp;&nbsp; 5123620 |
| Distributions reinvested | 2385 | &nbsp;&nbsp;&nbsp;&nbsp; 110404 | &nbsp;&nbsp;&nbsp;&nbsp; 1695 | &nbsp;&nbsp;&nbsp;&nbsp; 62081 |
| Shares redeemed | (16113)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (787630)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (308590)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (11801409)<br>|
| Net decrease | (4627)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (238955)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (184276)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6615708)<br>|
| Institutional 3 Class |  |  |  |  |
| Shares sold | 1822 | &nbsp;&nbsp;&nbsp;&nbsp; 86298 | &nbsp;&nbsp;&nbsp;&nbsp; 9989 | &nbsp;&nbsp;&nbsp;&nbsp; 397235 |
| Distributions reinvested | 4728 | &nbsp;&nbsp;&nbsp;&nbsp; 219252 | &nbsp;&nbsp;&nbsp;&nbsp; 4190 | &nbsp;&nbsp;&nbsp;&nbsp; 153597 |
| Shares redeemed | (18398)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (887826)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (210473)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8319841)<br>|
| Net decrease | (11848)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (582276)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (196294)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7769009)<br>|
| **Total net decrease** | **(38293)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(1789061)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(485705)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(17935680)**<br>|

---

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

Columbia Greater China Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

Columbia Greater China 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>**(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) | $42.00 | &nbsp;&nbsp; (0.16)<br>| 0.21 | 0.05 | &nbsp;&nbsp; (0.77)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.77)<br>|
| Year Ended 8/31/2025 | $29.66 | 0.15 | 12.56 | 12.71 | &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.37)<br>|
| Year Ended 8/31/2024 | $33.10 | 0.20 | &nbsp;&nbsp; (3.48)<br>| &nbsp;&nbsp; (3.28)<br>| &nbsp;&nbsp; (0.16)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.16)<br>|
| Year Ended 8/31/2023 | $39.01 | &nbsp;&nbsp; (0.00)<br>| &nbsp;&nbsp; (5.91)<br>| &nbsp;&nbsp; (5.91)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $59.43 | &nbsp;&nbsp; (0.23)<br>| &nbsp;&nbsp; (20.19)<br>| &nbsp;&nbsp; (20.42)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2021 | $67.81 | &nbsp;&nbsp; (0.51)<br>| &nbsp;&nbsp; (4.70)<br>| &nbsp;&nbsp; (5.21)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (3.17)<br>| &nbsp;&nbsp; (3.17)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $46.65 | &nbsp;&nbsp; (0.12)<br>| 0.23 | 0.11 | &nbsp;&nbsp; (0.87)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.87)<br>|
| Year Ended 8/31/2025 | $32.90 | 0.29 | 13.91 | 14.20 | &nbsp;&nbsp; (0.45)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.45)<br>|
| Year Ended 8/31/2024 | $36.68 | 0.13 | &nbsp;&nbsp; (3.69)<br>| &nbsp;&nbsp; (3.56)<br>| &nbsp;&nbsp; (0.22)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.22)<br>|
| Year Ended 8/31/2023 | $43.16 | 0.14 | &nbsp;&nbsp; (6.62)<br>| &nbsp;&nbsp; (6.48)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $65.59 | &nbsp;&nbsp; (0.00)<br>| &nbsp;&nbsp; (22.43)<br>| &nbsp;&nbsp; (22.43)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2021 | $74.47 | &nbsp;&nbsp; (0.34)<br>| &nbsp;&nbsp; (5.24)<br>| &nbsp;&nbsp; (5.58)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (3.30)<br>| &nbsp;&nbsp; (3.30)<br>|

---

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

Columbia Greater China 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; **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** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $41.28 | &nbsp;&nbsp;&nbsp;&nbsp; 0.09% | &nbsp;&nbsp;&nbsp;&nbsp; 1.68%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.46% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.73%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27% | &nbsp;&nbsp;&nbsp;&nbsp; $29858 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $42.00 | &nbsp;&nbsp;&nbsp;&nbsp; 43.18% | &nbsp;&nbsp;&nbsp;&nbsp; 1.77% <br><sup>(d)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.47% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.41% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $31295 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $29.66 | &nbsp;&nbsp;&nbsp;&nbsp; (9.92%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.69% <br><sup>(d)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.49% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.66% | &nbsp;&nbsp;&nbsp;&nbsp; 40% | &nbsp;&nbsp;&nbsp;&nbsp; $25059 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $33.10 | &nbsp;&nbsp;&nbsp;&nbsp; (15.15%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.61% <br><sup>(d),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.54% <br><sup>(c),(d),(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.01%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 61% | &nbsp;&nbsp;&nbsp;&nbsp; $33863 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $39.01 | &nbsp;&nbsp;&nbsp;&nbsp; (34.36%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.50% <br><sup>(d),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.50% <br><sup>(c),(d),(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.47%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 65% | &nbsp;&nbsp;&nbsp;&nbsp; $46148 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $59.43 | &nbsp;&nbsp;&nbsp;&nbsp; (8.26%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.44%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.44% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.72%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19% | &nbsp;&nbsp;&nbsp;&nbsp; $82311 |
| **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; $45.89 | &nbsp;&nbsp;&nbsp;&nbsp; 0.21% | &nbsp;&nbsp;&nbsp;&nbsp; 1.43%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.21% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.48%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27% | &nbsp;&nbsp;&nbsp;&nbsp; $7517 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $46.65 | &nbsp;&nbsp;&nbsp;&nbsp; 43.53% | &nbsp;&nbsp;&nbsp;&nbsp; 1.51% <br><sup>(d)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.22% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.73% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $7857 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $32.90 | &nbsp;&nbsp;&nbsp;&nbsp; (9.70%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.43% <br><sup>(d)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.24% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.39% | &nbsp;&nbsp;&nbsp;&nbsp; 40% | &nbsp;&nbsp;&nbsp;&nbsp; $11606 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $36.68 | &nbsp;&nbsp;&nbsp;&nbsp; (15.01%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.36% <br><sup>(d),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.29% <br><sup>(c),(d),(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.36% | &nbsp;&nbsp;&nbsp;&nbsp; 61% | &nbsp;&nbsp;&nbsp;&nbsp; $27373 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $43.16 | &nbsp;&nbsp;&nbsp;&nbsp; (34.20%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.25% <br><sup>(d),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.25% <br><sup>(c),(d),(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.00%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 65% | &nbsp;&nbsp;&nbsp;&nbsp; $65817 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $65.59 | &nbsp;&nbsp;&nbsp;&nbsp; (8.03%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.20% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.44%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19% | &nbsp;&nbsp;&nbsp;&nbsp; $72247 |

---

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

Columbia Greater China 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>**(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>|
| **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) | $46.75 | &nbsp;&nbsp; (0.09)<br>| 0.23 | 0.14 | &nbsp;&nbsp; (0.92)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.92)<br>|
| Year Ended 8/31/2025 | $32.98 | 0.29 | 13.98 | 14.27 | &nbsp;&nbsp; (0.50)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.50)<br>|
| Year Ended 8/31/2024 | $36.75 | 0.34 | &nbsp;&nbsp; (3.85)<br>| &nbsp;&nbsp; (3.51)<br>| &nbsp;&nbsp; (0.26)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.26)<br>|
| Year Ended 8/31/2023 | $43.14 | 0.22 | &nbsp;&nbsp; (6.61)<br>| &nbsp;&nbsp; (6.39)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $65.46 | &nbsp;&nbsp; (0.15)<br>| &nbsp;&nbsp; (22.17)<br>| &nbsp;&nbsp; (22.32)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2021 | $74.32 | &nbsp;&nbsp; (0.17)<br>| &nbsp;&nbsp; (5.32)<br>| &nbsp;&nbsp; (5.49)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (3.37)<br>| &nbsp;&nbsp; (3.37)<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%. |
| (d) | 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 | —% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; —% |
| Institutional Class | —% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; —% |
| Institutional 3 Class | —% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% | less than 0.01% | &nbsp;&nbsp; —% |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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** | **8/31/2023** | **8/31/2022** |
| Class A | 0.01% | less than 0.01% |
| Institutional Class | 0.01% | less than 0.01% |
| Institutional 3 Class | less than 0.01% | less than 0.01% |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) Ratios include the impact of voluntary waivers paid by the Investment Manager. If the Investment Manager had not paid these voluntary waivers, the Fund's net expense ratio would increase by less than 0.01%.

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

Columbia Greater China 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 (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>|
| **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; $45.97 | &nbsp;&nbsp;&nbsp;&nbsp; 0.29% | &nbsp;&nbsp;&nbsp;&nbsp; 1.31% | &nbsp;&nbsp;&nbsp;&nbsp; 1.08% | &nbsp;&nbsp;&nbsp;&nbsp; (0.35%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27% | &nbsp;&nbsp;&nbsp;&nbsp; $10879 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $46.75 | &nbsp;&nbsp;&nbsp;&nbsp; 43.67% | &nbsp;&nbsp;&nbsp;&nbsp; 1.37% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.08% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | &nbsp;&nbsp;&nbsp;&nbsp; 48% | &nbsp;&nbsp;&nbsp;&nbsp; $11619 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $32.98 | &nbsp;&nbsp;&nbsp;&nbsp; (9.55%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.28% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.09% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.02% | &nbsp;&nbsp;&nbsp;&nbsp; 40% | &nbsp;&nbsp;&nbsp;&nbsp; $14669 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $36.75 | &nbsp;&nbsp;&nbsp;&nbsp; (14.81%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.20% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.13% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.54% | &nbsp;&nbsp;&nbsp;&nbsp; 61% | &nbsp;&nbsp;&nbsp;&nbsp; $28709 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $43.14 | &nbsp;&nbsp;&nbsp;&nbsp; (34.10%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.11% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.11% <br><sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 65% | &nbsp;&nbsp;&nbsp;&nbsp; $15946 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $65.46 | &nbsp;&nbsp;&nbsp;&nbsp; (7.93%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.08% | &nbsp;&nbsp;&nbsp;&nbsp; 1.08% | &nbsp;&nbsp;&nbsp;&nbsp; (0.22%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19% | &nbsp;&nbsp;&nbsp;&nbsp; $43992 |

---

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

Columbia Greater China Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Greater China Fund (the Fund), a series of Columbia Funds Series Trust I (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 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**

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

Columbia Greater China Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 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.

Columbia Greater China Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

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

Columbia Greater China Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 0.95% to 0.72% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.95% 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.

**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 | 0.13 |
| Institutional Class | 0.13 |
| 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 $160.

Columbia Greater China 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. 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 service fee to the Distributor at the maximum annual rate of 0.25% of the average daily net assets attributable to Class A shares of the Fund.

**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; 5215 |

---

&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;1.48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.48 |
| 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;1.23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.23 |
| 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;1.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.08 |

---

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. In addition to the contractual agreement, the Investment Manager and certain of its affiliates have voluntarily agreed to waive fees and/or reimburse Fund expenses (excluding certain fees and expenses described above) so that Fund level expenses (expenses directly attributable to the Fund and not to a specific share class) are waived proportionately across all share classes. This arrangement may be revised or discontinued at any time. 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.

Columbia Greater China Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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>|
| 29162000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21292000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2120000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19172000 |

---

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 ($)** |
| (22591141)<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; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22591141)<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 $13,792,838 and $16,651,438, 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 Greater China Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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, 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 21.8% 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.

Columbia Greater China Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 Greater China Fund \| 2026

------

**Columbia Greater China Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787imgc3b68ee72.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/

SAR158_08_T01_(04/26)

------

![](g469787imgb05fb9d01.jpg)

Columbia 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_3a79ee48-8a65-4f38-83f7-f2c8955a1a5a_POI-CommonContent-Date-133_1) | 3 |
| [Statement of Assets and Liabilities](#xx_3a79ee48-8a65-4f38-83f7-f2c8955a1a5a_FS-CommonContent-Date-133_1) | 8 |
| [Statement of Operations](#xx_3a79ee48-8a65-4f38-83f7-f2c8955a1a5a_FS-CommonContent-Date-133_3) | 10 |
| [Statement of Changes in Net Assets](#xx_3a79ee48-8a65-4f38-83f7-f2c8955a1a5a_FS-CommonContent-Date-133_4) | 11 |
| [Financial Highlights](#xx_3a79ee48-8a65-4f38-83f7-f2c8955a1a5a_FIHI-CommonContent-Date-133_2) | 14 |
| [Notes to Financial Statements](#xx_3a79ee48-8a65-4f38-83f7-f2c8955a1a5a_NTF-CommonContent-Date-133_1) | 18 |

---

Columbia 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 98.6%** | **Common Stocks 98.6%** | **Common Stocks 98.6%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 3.7%** | **Communication Services 3.7%** | **Communication Services 3.7%** |
| **Diversified Telecommunication Services 0.5%** | **Diversified Telecommunication Services 0.5%** | **Diversified Telecommunication Services 0.5%** |
| Globalstar, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 243227 | &nbsp;&nbsp; 15145745 |
| **Entertainment 3.0%** | **Entertainment 3.0%** | **Entertainment 3.0%** |
| IMAX Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 967774 | &nbsp;&nbsp; 41449760 |
| Lionsgate Studios Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 566217 | &nbsp;&nbsp; 5095953 |
| Madison Square Garden Entertainment Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 296312 | &nbsp;&nbsp; 18709140 |
| Sphere Entertainment Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; 268885 | &nbsp;&nbsp; 32000004 |
| Total |  | &nbsp;&nbsp; 97254857 |
| **Media 0.2%** | **Media 0.2%** | **Media 0.2%** |
| MNTN, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 608425 | &nbsp;&nbsp; 5938228 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **118338830** |
| **Consumer Discretionary 10.5%** | **Consumer Discretionary 10.5%** | **Consumer Discretionary 10.5%** |
| **Broadline Retail 1.6%** | **Broadline Retail 1.6%** | **Broadline Retail 1.6%** |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 475709 | &nbsp;&nbsp; 50948434 |
| **Hotels, Restaurants & Leisure 6.5%** | **Hotels, Restaurants & Leisure 6.5%** | **Hotels, Restaurants & Leisure 6.5%** |
| Black Rock Coffee Bar, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 455828 | &nbsp;&nbsp; 6080745 |
| Brinker International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 338069 | &nbsp;&nbsp; 50101826 |
| Churchill Downs, Inc. | &nbsp;&nbsp; 180757 | &nbsp;&nbsp; 16616991 |
| Dutch Bros, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 701051 | &nbsp;&nbsp; 37583344 |
| Kura Sushi USA, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 251985 | &nbsp;&nbsp; 17747304 |
| Red Rock Resorts, Inc., Class A | &nbsp;&nbsp; 277427 | &nbsp;&nbsp; 16798205 |
| Rush Street Interactive, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3172049 | &nbsp;&nbsp; 62647968 |
| Total |  | &nbsp;&nbsp; 207576383 |
| **Specialty Retail 2.1%** | **Specialty Retail 2.1%** | **Specialty Retail 2.1%** |
| Boot Barn Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 121873 | &nbsp;&nbsp; 23060809 |
| Camping World Holdings, Inc., Class A | &nbsp;&nbsp; 1192179 | &nbsp;&nbsp; 9918929 |
| Floor & Decor Holdings, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 245562 | &nbsp;&nbsp; 16965879 |
| Lithia Motors, Inc., Class A | &nbsp;&nbsp; 63962 | &nbsp;&nbsp; 17882496 |
| Total |  | &nbsp;&nbsp; 67828113 |
| **Textiles, Apparel & Luxury Goods 0.3%** | **Textiles, Apparel & Luxury Goods 0.3%** | **Textiles, Apparel & Luxury Goods 0.3%** |
| Capri Holdings Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 474840 | &nbsp;&nbsp; 9738968 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **336091898** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Consumer Staples 6.2%** | **Consumer Staples 6.2%** | **Consumer Staples 6.2%** |
| **Beverages 5.3%** | **Beverages 5.3%** | **Beverages 5.3%** |
| Celsius Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1560834 | &nbsp;&nbsp; 83676311 |
| Primo Brands Corp., Class A | &nbsp;&nbsp; 1403824 | &nbsp;&nbsp; 31838728 |
| Vita Coco Co., Inc. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 899973 | &nbsp;&nbsp; 52252432 |
| Total |  | &nbsp;&nbsp; 167767471 |
| **Consumer Staples Distribution & Retail 0.9%** | **Consumer Staples Distribution & Retail 0.9%** | **Consumer Staples Distribution & Retail 0.9%** |
| Casey's General Stores, Inc. | &nbsp;&nbsp; 44252 | &nbsp;&nbsp; 30338729 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **198106200** |
| **Energy 4.7%** | **Energy 4.7%** | **Energy 4.7%** |
| **Energy Equipment & Services 3.9%** | **Energy Equipment & Services 3.9%** | **Energy Equipment & Services 3.9%** |
| Cactus, Inc., Class A | &nbsp;&nbsp; 282253 | &nbsp;&nbsp; 15241662 |
| Liberty Energy, Inc., Class A | &nbsp;&nbsp; 1175203 | &nbsp;&nbsp; 33011452 |
| National Energy Services Reunited Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1350599 | &nbsp;&nbsp; 33832505 |
| WaterBridge Infrastructure LLC, Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 628104 | &nbsp;&nbsp; 16625913 |
| Weatherford International PLC | &nbsp;&nbsp; 248316 | &nbsp;&nbsp; 26187406 |
| Total |  | &nbsp;&nbsp; 124898938 |
| **Oil, Gas & Consumable Fuels 0.8%** | **Oil, Gas & Consumable Fuels 0.8%** | **Oil, Gas & Consumable Fuels 0.8%** |
| Centrus Energy Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 52925 | &nbsp;&nbsp; 10722076 |
| Lightbridge Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 445365 | &nbsp;&nbsp; 5758569 |
| Uranium Energy Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 682422 | &nbsp;&nbsp; 10461529 |
| Total |  | &nbsp;&nbsp; 26942174 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **151841112** |
| **Financials 4.8%** | **Financials 4.8%** | **Financials 4.8%** |
| **Banks 2.0%** | **Banks 2.0%** | **Banks 2.0%** |
| Axos Financial, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 342381 | &nbsp;&nbsp; 29725518 |
| Bancorp, Inc. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 618651 | &nbsp;&nbsp; 32472991 |
| Total |  | &nbsp;&nbsp; 62198509 |
| **Capital Markets 2.0%** | **Capital Markets 2.0%** | **Capital Markets 2.0%** |
| Moelis & Co., ADR, Class A | &nbsp;&nbsp; 680574 | &nbsp;&nbsp; 40398873 |
| Perella Weinberg Partners | &nbsp;&nbsp; 1330688 | &nbsp;&nbsp; 24631035 |
| Total |  | &nbsp;&nbsp; 65029908 |
| **Consumer Finance 0.8%** | **Consumer Finance 0.8%** | **Consumer Finance 0.8%** |
| Dave, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 133590 | &nbsp;&nbsp; 25818939 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **153047356** |

---

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

Columbia 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 ($)** |
| **Health Care 19.3%** | **Health Care 19.3%** | **Health Care 19.3%** |
| **Biotechnology 5.3%** | **Biotechnology 5.3%** | **Biotechnology 5.3%** |
| BridgeBio Pharma, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 592147 | &nbsp;&nbsp; 39365933 |
| Caris Life Sciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 638423 | &nbsp;&nbsp; 12857839 |
| Dianthus Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 140988 | &nbsp;&nbsp; 7781128 |
| Insmed, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 131583 | &nbsp;&nbsp; 19649289 |
| Madrigal Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 37575 | &nbsp;&nbsp; 16232400 |
| Mirum Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 87863 | &nbsp;&nbsp; 8108876 |
| Nuvalent, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 271954 | &nbsp;&nbsp; 27725710 |
| Revolution Medicines, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 159280 | &nbsp;&nbsp; 16249746 |
| Rhythm Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 101297 | &nbsp;&nbsp; 9393271 |
| Solid Biosciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1512696 | &nbsp;&nbsp; 9393842 |
| Tectonic Therapeutic, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 124502 | &nbsp;&nbsp; 2919572 |
| Total |  | &nbsp;&nbsp; 169677606 |
| **Health Care Equipment & Supplies 4.1%** | **Health Care Equipment & Supplies 4.1%** | **Health Care Equipment & Supplies 4.1%** |
| Glaukos Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 513859 | &nbsp;&nbsp; 61868624 |
| ICU Medical, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 459852 | &nbsp;&nbsp; 69244514 |
| Total |  | &nbsp;&nbsp; 131113138 |
| **Health Care Providers & Services 3.9%** | **Health Care Providers & Services 3.9%** | **Health Care Providers & Services 3.9%** |
| Chemed Corp. | &nbsp;&nbsp; 62221 | &nbsp;&nbsp; 25511232 |
| GeneDx Holdings Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 117737 | &nbsp;&nbsp; 9384816 |
| Guardant Health, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 419772 | &nbsp;&nbsp; 39416591 |
| RadNet, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 726939 | &nbsp;&nbsp; 50747612 |
| Total |  | &nbsp;&nbsp; 125060251 |
| **Life Sciences Tools & Services 4.4%** | **Life Sciences Tools & Services 4.4%** | **Life Sciences Tools & Services 4.4%** |
| Adaptive Biotechnologies Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 905351 | &nbsp;&nbsp; 14503723 |
| Bio-Techne Corp. | &nbsp;&nbsp; 223143 | &nbsp;&nbsp; 13165437 |
| Charles River Laboratories International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 248280 | &nbsp;&nbsp; 44315497 |
| DNA Script<sup>(a),(b),(c),(d)</sup> <br>| &nbsp;&nbsp; 11675 | &nbsp;&nbsp; 1006358 |
| Personalis, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1920748 | &nbsp;&nbsp; 17401977 |
| Repligen Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 389223 | &nbsp;&nbsp; 50104677 |
| Total |  | &nbsp;&nbsp; 140497669 |
| **Pharmaceuticals 1.6%** | **Pharmaceuticals 1.6%** | **Pharmaceuticals 1.6%** |
| Axsome Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 80688 | &nbsp;&nbsp; 13223956 |
| Crinetics Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 305237 | &nbsp;&nbsp; 12545241 |
| Terns Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 548955 | &nbsp;&nbsp; 23121984 |
| Total |  | &nbsp;&nbsp; 48891181 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **615239845** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Industrials 29.4%** | **Industrials 29.4%** | **Industrials 29.4%** |
| **Aerospace & Defense 7.1%** | **Aerospace & Defense 7.1%** | **Aerospace & Defense 7.1%** |
| Beta Technologies, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 430823 | &nbsp;&nbsp; 8099472 |
| Carpenter Technology Corp. | &nbsp;&nbsp; 176027 | &nbsp;&nbsp; 70071068 |
| Karman Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 434824 | &nbsp;&nbsp; 38312343 |
| Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 176086 | &nbsp;&nbsp; 15175091 |
| Mercury Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 749135 | &nbsp;&nbsp; 66695489 |
| Red Cat Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1273315 | &nbsp;&nbsp; 14834120 |
| York Space Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 548430 | &nbsp;&nbsp; 14039808 |
| Total |  | &nbsp;&nbsp; 227227391 |
| **Building Products 1.8%** | **Building Products 1.8%** | **Building Products 1.8%** |
| AAON, Inc. | &nbsp;&nbsp; 574953 | &nbsp;&nbsp; 58185244 |
| **Construction & Engineering 1.4%** | **Construction & Engineering 1.4%** | **Construction & Engineering 1.4%** |
| Arcosa, Inc. | &nbsp;&nbsp; 192919 | &nbsp;&nbsp; 20734934 |
| Construction Partners, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 178308 | &nbsp;&nbsp; 23959246 |
| Total |  | &nbsp;&nbsp; 44694180 |
| **Electrical Equipment 3.8%** | **Electrical Equipment 3.8%** | **Electrical Equipment 3.8%** |
| Babcock & Wilcox Enterprises, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1450891 | &nbsp;&nbsp; 12854894 |
| Bloom Energy Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 436565 | &nbsp;&nbsp; 67960073 |
| Regal Rexnord Corp. | &nbsp;&nbsp; 184712 | &nbsp;&nbsp; 40817658 |
| Total |  | &nbsp;&nbsp; 121632625 |
| **Ground Transportation 1.8%** | **Ground Transportation 1.8%** | **Ground Transportation 1.8%** |
| Ryder System, Inc. | &nbsp;&nbsp; 104298 | &nbsp;&nbsp; 23108265 |
| Saia, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 81515 | &nbsp;&nbsp; 33045366 |
| Total |  | &nbsp;&nbsp; 56153631 |
| **Machinery 5.3%** | **Machinery 5.3%** | **Machinery 5.3%** |
| Helios Technologies, Inc. | &nbsp;&nbsp; 239733 | &nbsp;&nbsp; 17097758 |
| Kadant, Inc. | &nbsp;&nbsp; 122796 | &nbsp;&nbsp; 41648719 |
| RBC Bearings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 134149 | &nbsp;&nbsp; 77259092 |
| Standex International Corp. | &nbsp;&nbsp; 129402 | &nbsp;&nbsp; 33903324 |
| Total |  | &nbsp;&nbsp; 169908893 |
| **Passenger Airlines 1.5%** | **Passenger Airlines 1.5%** | **Passenger Airlines 1.5%** |
| Alaska Air Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 952976 | &nbsp;&nbsp; 49173562 |
| **Trading Companies & Distributors 6.7%** | **Trading Companies & Distributors 6.7%** | **Trading Companies & Distributors 6.7%** |
| Applied Industrial Technologies, Inc. | &nbsp;&nbsp; 59931 | &nbsp;&nbsp; 16935302 |
| Herc Holdings, Inc. | &nbsp;&nbsp; 299798 | &nbsp;&nbsp; 41908762 |
| SiteOne Landscape Supply, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 473841 | &nbsp;&nbsp; 67707140 |

---

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

Columbia 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 ($)** |
| WESCO International, Inc. | &nbsp;&nbsp; 237773 | &nbsp;&nbsp; 68835284 |
| Xometry, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 427937 | &nbsp;&nbsp; 17551836 |
| Total |  | &nbsp;&nbsp; 212938324 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **939913850** |
| **Information Technology 17.8%** | **Information Technology 17.8%** | **Information Technology 17.8%** |
| **Communications Equipment 4.5%** | **Communications Equipment 4.5%** | **Communications Equipment 4.5%** |
| InterDigital, Inc. | &nbsp;&nbsp; 189331 | &nbsp;&nbsp; 69395492 |
| Lumentum Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 106523 | &nbsp;&nbsp; 74663036 |
| Total |  | &nbsp;&nbsp; 144058528 |
| **Electronic Equipment, Instruments & Components 1.8%** | **Electronic Equipment, Instruments & Components 1.8%** | **Electronic Equipment, Instruments & Components 1.8%** |
| Coherent Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 152246 | &nbsp;&nbsp; 39421057 |
| Unusual Machines, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1237093 | &nbsp;&nbsp; 16886319 |
| Total |  | &nbsp;&nbsp; 56307376 |
| **IT Services 1.1%** | **IT Services 1.1%** | **IT Services 1.1%** |
| DigitalOcean Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 637969 | &nbsp;&nbsp; 35764542 |
| **Semiconductors & Semiconductor Equipment 6.8%** | **Semiconductors & Semiconductor Equipment 6.8%** | **Semiconductors & Semiconductor Equipment 6.8%** |
| Credo Technology Group Holding Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 311809 | &nbsp;&nbsp; 35006796 |
| Impinj, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 276208 | &nbsp;&nbsp; 33879673 |
| Onto Innovation, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 87318 | &nbsp;&nbsp; 18851083 |
| Rambus, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 377570 | &nbsp;&nbsp; 37628626 |
| Semtech Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 525025 | &nbsp;&nbsp; 47367756 |
| SiTime Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 112286 | &nbsp;&nbsp; 44676354 |
| Total |  | &nbsp;&nbsp; 217410288 |
| **Software 3.6%** | **Software 3.6%** | **Software 3.6%** |
| Appfolio, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 93364 | &nbsp;&nbsp; 16596385 |
| Guidewire Software, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 133737 | &nbsp;&nbsp; 19434661 |
| Hut 8 Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1167176 | &nbsp;&nbsp; 62128778 |
| ServiceTitan, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 226952 | &nbsp;&nbsp; 16429055 |
| Total |  | &nbsp;&nbsp; 114588879 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **568129613** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Materials 1.7%** | **Materials 1.7%** | **Materials 1.7%** |
| **Chemicals 0.7%** | **Chemicals 0.7%** | **Chemicals 0.7%** |
| Solstice Advanced Materials, Inc. | &nbsp;&nbsp; 280244 | &nbsp;&nbsp; 22001957 |
| **Metals & Mining 1.0%** | **Metals & Mining 1.0%** | **Metals & Mining 1.0%** |
| Coeur Mining, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 803682 | &nbsp;&nbsp; 21819966 |
| Hecla Mining Co. | &nbsp;&nbsp; 447646 | &nbsp;&nbsp; 11150862 |
| Total |  | &nbsp;&nbsp; 32970828 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **54972785** |
| **Utilities 0.5%** | **Utilities 0.5%** | **Utilities 0.5%** |
| **Independent Power and Renewable Electricity Producers 0.5%** | **Independent Power and Renewable Electricity Producers 0.5%** | **Independent Power and Renewable Electricity Producers 0.5%** |
| Hallador Energy Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; 943310 | &nbsp;&nbsp; 17149376 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **17149376** |
| Total Common Stocks <br>(Cost $2,591,722,739) | Total Common Stocks <br>(Cost $2,591,722,739) | &nbsp;&nbsp; **3152830865** |
| **Money Market Funds 1.2%** | **Money Market Funds 1.2%** | **Money Market Funds 1.2%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(e),(f)</sup> <br>| &nbsp;&nbsp; 37952598 | &nbsp;&nbsp; 37945008 |
| Total Money Market Funds <br>(Cost $37,937,818) | Total Money Market Funds <br>(Cost $37,937,818) | &nbsp;&nbsp; **37945008** |
| **Total Investments in Securities** <br>**(Cost: $2,629,660,557)** | **Total Investments in Securities** <br>**(Cost: $2,629,660,557)** | &nbsp;&nbsp; **3190775873** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **5074137** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **3195850010** |

---

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

Columbia Small 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) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At February 28, 2026, the total value of these securities amounted to $1,006,358, which represents 0.03% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(c) 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 $1,006,358, which represents 0.03% 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 ($)** | **Value ($)** |
| DNA Script | 10/01/2021 | &nbsp;&nbsp; 11675 | &nbsp;&nbsp; 10180303 | &nbsp;&nbsp; 1006358 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) Valuation based on significant unobservable inputs.

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) Under the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of the company's outstanding voting securities, or a company which is under common ownership or control with the Fund. The 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% |
|  | 96244940 | &nbsp;&nbsp; 1148337933 | &nbsp;&nbsp; (1206644873)<br>| &nbsp;&nbsp; 7008 | &nbsp;&nbsp; 37945008 | &nbsp;&nbsp; (2439)<br>| &nbsp;&nbsp; 2021797 | &nbsp;&nbsp; 37952598 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

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

Columbia Small Cap Growth Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

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 | 118338830 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 118338830 |
| Consumer Discretionary | 336091898 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 336091898 |
| Consumer Staples | 198106200 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 198106200 |
| Energy | 151841112 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 151841112 |
| Financials | 153047356 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 153047356 |
| Health Care | 614233487 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1006358 | &nbsp;&nbsp;&nbsp;&nbsp; 615239845 |
| Industrials | 939913850 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 939913850 |
| Information Technology | 568129613 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 568129613 |
| Materials | 54972785 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 54972785 |
| Utilities | 17149376 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17149376 |
| Total Common Stocks | 3151824507 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1006358 | &nbsp;&nbsp;&nbsp;&nbsp; 3152830865 |
| Money Market Funds | 37945008 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 37945008 |
| Total Investments in Securities | 3189769515 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1006358 | &nbsp;&nbsp;&nbsp;&nbsp; 3190775873 |

---

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 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 $2,591,722,739) | $3152830865 |
| Affiliated issuers (cost $37,937,818) | 37945008 |
| Receivable for: |  |
| Investments sold | 13292001 |
| Capital shares sold | 3429322 |
| Dividends | 1350443 |
| Foreign tax reclaims | 13625 |
| Prepaid expenses | 7321 |
| Deferred compensation of board members | 209284 |
| Other assets | 26793 |
| Total assets | 3209104662 |
| **Liabilities** |  |
| Payable for: |  |
| Investments purchased | 4922347 |
| Capital shares redeemed | 7651637 |
| Management services fees | 70296 |
| Distribution and/or service fees | 5311 |
| Transfer agent fees | 223287 |
| Compensation of chief compliance officer | 220 |
| Compensation of board members | 2913 |
| Other expenses | 88625 |
| Deferred compensation of board members | 290016 |
| Total liabilities | 13254652 |
| **Net assets applicable to outstanding capital stock** | **$3195850010** |
| **Represented by** |  |
| Paid in capital | 2434864438 |
| Total distributable earnings (loss) | 760985572 |
| **Total - representing net assets applicable to outstanding capital stock** | **$3195850010** |

---

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

Columbia Small Cap Growth Fund \| 2026

------

Statement of Assets and Liabilities (continued)

February 28, 2026 (Unaudited)

---

| | |
|:---|:---|
| **Class A** |  |
| Net assets | $526566083 |
| Shares outstanding | 16782626 |
| Net asset value per share | $31.38 |
| 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) | $33.29 |
| **Class C** |  |
| Net assets | $44151684 |
| Shares outstanding | 2046582 |
| Net asset value per share | $21.57 |
| **Institutional Class** |  |
| Net assets | $1554408115 |
| Shares outstanding | 44560598 |
| Net asset value per share | $34.88 |
| **Institutional 2 Class** |  |
| Net assets | $121314207 |
| Shares outstanding | 3403835 |
| Net asset value per share | $35.64 |
| **Institutional 3 Class** |  |
| Net assets | $875248511 |
| Shares outstanding | 24110316 |
| Net asset value per share | $36.30 |
| **Class R** |  |
| Net assets | $31156221 |
| Shares outstanding | 1036383 |
| Net asset value per share | $30.06 |
| **Class S** |  |
| Net assets | $43005189 |
| Shares outstanding | 1232783 |
| Net asset value per share | $34.88 |

---

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

Columbia 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 | $3261222 |
| Dividends — affiliated issuers | 2021797 |
| Interfund lending | 600 |
| Total income | 5283619 |
| Expenses: |  |
| Management services fees | 11522072 |
| Distribution and/or service fees |  |
| Class A | 627460 |
| Class C | 208556 |
| Class R | 61020 |
| Transfer agent fees |  |
| Class A | 316556 |
| Class C | 26310 |
| Institutional Class | 909581 |
| Institutional 2 Class | 30506 |
| Institutional 3 Class | 14949 |
| Class R | 15383 |
| Class S | 26898 |
| Custodian fees | 9466 |
| Printing and postage fees | 71530 |
| Registration fees | 91095 |
| Accounting services fees | 16079 |
| Legal fees | 29386 |
| Compensation of chief compliance officer | 219 |
| Compensation of board members | 19561 |
| Deferred compensation of board members | 12190 |
| Other | 22276 |
| Total expenses | 14031093 |
| Expense reduction | (1540)<br>|
| Total net expenses | 14029553 |
| **Net investment loss** | (8745934)<br>|
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 349932036 |
| Investments — affiliated issuers | (2439)<br>|
| Net realized gain | 349929597 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 13396958 |
| Investments — affiliated issuers | 7008 |
| Net change in unrealized appreciation (depreciation) | 13403966 |
| Net realized and unrealized gain | 363333563 |
| **Net increase in net assets resulting from operations** | **$354587629** |

---

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

Columbia 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 | $(8745934)<br>| &nbsp;&nbsp; $(15160643)<br>|
| Net realized gain | 349929597 | &nbsp;&nbsp; 224313897 |
| Net change in unrealized appreciation (depreciation) | 13403966 | &nbsp;&nbsp; 212895612 |
| Net increase in net assets resulting from operations | 354587629 | &nbsp;&nbsp; 422048866 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (24713903)<br>| &nbsp;&nbsp; — |
| Class C | (2467863)<br>| &nbsp;&nbsp; — |
| Institutional Class | (67334523)<br>| &nbsp;&nbsp; — |
| Institutional 2 Class | (5119242)<br>| &nbsp;&nbsp; — |
| Institutional 3 Class | (33424483)<br>| &nbsp;&nbsp; — |
| Class R | (1144540)<br>| &nbsp;&nbsp; — |
| Class S | (1996434)<br>| &nbsp;&nbsp; — |
| Total distributions to shareholders | (136200988)<br>| &nbsp;&nbsp; — |
| Increase in net assets from capital stock activity | 381781376 | &nbsp;&nbsp; 77491244 |
| Total increase in net assets | 600168017 | &nbsp;&nbsp; 499540110 |
| Net assets at beginning of period | 2595681993 | &nbsp;&nbsp; 2096141883 |
| **Net assets at end of period** | **$3195850010** | &nbsp;&nbsp; **$2595681993** |

---

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

Columbia 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 | 1541195 | &nbsp;&nbsp;&nbsp;&nbsp; 47764615 | &nbsp;&nbsp;&nbsp;&nbsp; 1739463 | &nbsp;&nbsp;&nbsp;&nbsp; 43564491 |
| Distributions reinvested | 681131 | &nbsp;&nbsp;&nbsp;&nbsp; 20815363 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Shares redeemed | (1283709)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39684653)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2687230)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (67544179)<br>|
| Net increase (decrease) | 938617 | &nbsp;&nbsp;&nbsp;&nbsp; 28895325 | &nbsp;&nbsp;&nbsp;&nbsp; (947767)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (23979688)<br>|
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 867527 | &nbsp;&nbsp;&nbsp;&nbsp; 24970198 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4636562)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (148870416)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3769035)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (123900218)<br>|
| Class C |  |  |  |  |
| Shares sold | 263107 | &nbsp;&nbsp;&nbsp;&nbsp; 5610176 | &nbsp;&nbsp;&nbsp;&nbsp; 454317 | &nbsp;&nbsp;&nbsp;&nbsp; 8120947 |
| Distributions reinvested | 113871 | &nbsp;&nbsp;&nbsp;&nbsp; 2396995 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Shares redeemed | (185388)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3995142)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (469827)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8210667)<br>|
| Net increase (decrease) | 191590 | &nbsp;&nbsp;&nbsp;&nbsp; 4012029 | &nbsp;&nbsp;&nbsp;&nbsp; (15510)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (89720)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 7882716 | &nbsp;&nbsp;&nbsp;&nbsp; 271692285 | &nbsp;&nbsp;&nbsp;&nbsp; 18786393 | &nbsp;&nbsp;&nbsp;&nbsp; 531044681 |
| Distributions reinvested | 1848121 | &nbsp;&nbsp;&nbsp;&nbsp; 62762176 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Shares redeemed | (5590564)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (191717519)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (17862719)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (491942064)<br>|
| Net increase | 4140273 | &nbsp;&nbsp;&nbsp;&nbsp; 142736942 | &nbsp;&nbsp;&nbsp;&nbsp; 923674 | &nbsp;&nbsp;&nbsp;&nbsp; 39102617 |
| Institutional 2 Class |  |  |  |  |
| Shares sold | 1139353 | &nbsp;&nbsp;&nbsp;&nbsp; 39395091 | &nbsp;&nbsp;&nbsp;&nbsp; 1756989 | &nbsp;&nbsp;&nbsp;&nbsp; 52681999 |
| Distributions reinvested | 147554 | &nbsp;&nbsp;&nbsp;&nbsp; 5118636 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Shares redeemed | (374682)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (13099362)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1639113)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (43443485)<br>|
| Net increase | 912225 | &nbsp;&nbsp;&nbsp;&nbsp; 31414365 | &nbsp;&nbsp;&nbsp;&nbsp; 117876 | &nbsp;&nbsp;&nbsp;&nbsp; 9238514 |
| Institutional 3 Class |  |  |  |  |
| Shares sold | 6599064 | &nbsp;&nbsp;&nbsp;&nbsp; 239833490 | &nbsp;&nbsp;&nbsp;&nbsp; 11361938 | &nbsp;&nbsp;&nbsp;&nbsp; 327042500 |
| Distributions reinvested | 739327 | &nbsp;&nbsp;&nbsp;&nbsp; 26120437 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Shares redeemed | (2834405)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (101785434)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6588176)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (190050164)<br>|
| Net increase | 4503986 | &nbsp;&nbsp;&nbsp;&nbsp; 164168493 | &nbsp;&nbsp;&nbsp;&nbsp; 4773762 | &nbsp;&nbsp;&nbsp;&nbsp; 136992336 |
| Class R |  |  |  |  |
| Shares sold | 436513 | &nbsp;&nbsp;&nbsp;&nbsp; 12979477 | &nbsp;&nbsp;&nbsp;&nbsp; 402117 | &nbsp;&nbsp;&nbsp;&nbsp; 9648334 |
| Distributions reinvested | 39063 | &nbsp;&nbsp;&nbsp;&nbsp; 1144540 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Shares redeemed | (90538)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2765498)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (148281)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3600898)<br>|
| Net increase | 385038 | &nbsp;&nbsp;&nbsp;&nbsp; 11358519 | &nbsp;&nbsp;&nbsp;&nbsp; 253836 | &nbsp;&nbsp;&nbsp;&nbsp; 6047436 |
| Class S |  |  |  |  |
| Shares sold | 17311 | &nbsp;&nbsp;&nbsp;&nbsp; 586679 | &nbsp;&nbsp;&nbsp;&nbsp; 1473323 | &nbsp;&nbsp;&nbsp;&nbsp; 40200307 |
| Distributions reinvested | 58788 | &nbsp;&nbsp;&nbsp;&nbsp; 1996434 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Shares redeemed | (97709)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3387410)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (218930)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6120340)<br>|
| Net increase (decrease) | (21610)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (804297)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1254393 | &nbsp;&nbsp;&nbsp;&nbsp; 34079967 |
| **Total net increase** | **11050119** | &nbsp;&nbsp;&nbsp;&nbsp; **381781376** | &nbsp;&nbsp;&nbsp;&nbsp; **2591229** | &nbsp;&nbsp;&nbsp;&nbsp; **77491244** |

---

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

Columbia Small Cap Growth Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

Columbia 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. 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) | $29.06 | &nbsp;&nbsp; (0.13)<br>| 4.00 | 3.87 | &nbsp;&nbsp; (1.55)<br>| &nbsp;&nbsp; (1.55)<br>|
| Year Ended 8/31/2025 | $24.29 | &nbsp;&nbsp; (0.22)<br>| 4.99 | 4.77 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2024 | $20.53 | &nbsp;&nbsp; (0.13)<br>| 3.89 | 3.76 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $17.66 | &nbsp;&nbsp; (0.14)<br>| 3.01 | 2.87 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $32.70 | &nbsp;&nbsp; (0.25)<br>| &nbsp;&nbsp; (11.90)<br>| &nbsp;&nbsp; (12.15)<br>| &nbsp;&nbsp; (2.89)<br>| &nbsp;&nbsp; (2.89)<br>|
| Year Ended 8/31/2021 | $25.05 | &nbsp;&nbsp; (0.31)<br>| 10.14 | 9.83 | &nbsp;&nbsp; (2.18)<br>| &nbsp;&nbsp; (2.18)<br>|
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | $20.27 | &nbsp;&nbsp; (0.17)<br>| 2.77 | 2.60 | &nbsp;&nbsp; (1.30)<br>| &nbsp;&nbsp; (1.30)<br>|
| Year Ended 8/31/2025 | $17.07 | &nbsp;&nbsp; (0.29)<br>| 3.49 | 3.20 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2024 | $14.53 | &nbsp;&nbsp; (0.21)<br>| 2.75 | 2.54 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $12.59 | &nbsp;&nbsp; (0.19)<br>| 2.13 | 1.94 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $24.22 | &nbsp;&nbsp; (0.30)<br>| &nbsp;&nbsp; (8.60)<br>| &nbsp;&nbsp; (8.90)<br>| &nbsp;&nbsp; (2.73)<br>| &nbsp;&nbsp; (2.73)<br>|
| Year Ended 8/31/2021 | $19.01 | &nbsp;&nbsp; (0.41)<br>| 7.63 | 7.22 | &nbsp;&nbsp; (2.01)<br>| &nbsp;&nbsp; (2.01)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $32.19 | &nbsp;&nbsp; (0.10)<br>| 4.42 | 4.32 | &nbsp;&nbsp; (1.63)<br>| &nbsp;&nbsp; (1.63)<br>|
| Year Ended 8/31/2025 | $26.84 | &nbsp;&nbsp; (0.18)<br>| 5.53 | 5.35 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2024 | $22.62 | &nbsp;&nbsp; (0.09)<br>| 4.31 | 4.22 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $19.41 | &nbsp;&nbsp; (0.10)<br>| 3.31 | 3.21 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $35.61 | &nbsp;&nbsp; (0.21)<br>| &nbsp;&nbsp; (13.04)<br>| &nbsp;&nbsp; (13.25)<br>| &nbsp;&nbsp; (2.95)<br>| &nbsp;&nbsp; (2.95)<br>|
| Year Ended 8/31/2021 | $27.10 | &nbsp;&nbsp; (0.26)<br>| 11.01 | 10.75 | &nbsp;&nbsp; (2.24)<br>| &nbsp;&nbsp; (2.24)<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) | $32.87 | &nbsp;&nbsp; (0.09)<br>| 4.52 | 4.43 | &nbsp;&nbsp; (1.66)<br>| &nbsp;&nbsp; (1.66)<br>|
| Year Ended 8/31/2025 | $27.38 | &nbsp;&nbsp; (0.15)<br>| 5.64 | 5.49 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2024 | $23.05 | &nbsp;&nbsp; (0.07)<br>| 4.40 | 4.33 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $19.76 | &nbsp;&nbsp; (0.08)<br>| 3.37 | 3.29 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $36.17 | &nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp; (13.24)<br>| &nbsp;&nbsp; (13.44)<br>| &nbsp;&nbsp; (2.97)<br>| &nbsp;&nbsp; (2.97)<br>|
| Year Ended 8/31/2021 | $27.49 | &nbsp;&nbsp; (0.24)<br>| 11.18 | 10.94 | &nbsp;&nbsp; (2.26)<br>| &nbsp;&nbsp; (2.26)<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) | $33.46 | &nbsp;&nbsp; (0.08)<br>| 4.60 | 4.52 | &nbsp;&nbsp; (1.68)<br>| &nbsp;&nbsp; (1.68)<br>|
| Year Ended 8/31/2025 | $27.85 | &nbsp;&nbsp; (0.14)<br>| 5.75 | 5.61 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2024 | $23.45 | &nbsp;&nbsp; (0.05)<br>| 4.45 | 4.40 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $20.08 | &nbsp;&nbsp; (0.07)<br>| 3.44 | 3.37 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $36.71 | &nbsp;&nbsp; (0.17)<br>| &nbsp;&nbsp; (13.48)<br>| &nbsp;&nbsp; (13.65)<br>| &nbsp;&nbsp; (2.98)<br>| &nbsp;&nbsp; (2.98)<br>|
| Year Ended 8/31/2021 | $27.87 | &nbsp;&nbsp; (0.23)<br>| 11.34 | 11.11 | &nbsp;&nbsp; (2.27)<br>| &nbsp;&nbsp; (2.27)<br>|

---

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

Columbia 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)</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; $31.38 | &nbsp;&nbsp;&nbsp;&nbsp; 13.46% | &nbsp;&nbsp;&nbsp;&nbsp; 1.19% | &nbsp;&nbsp;&nbsp;&nbsp; 1.19% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.83%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 78% | &nbsp;&nbsp;&nbsp;&nbsp; $526566 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $29.06 | &nbsp;&nbsp;&nbsp;&nbsp; 19.64% | &nbsp;&nbsp;&nbsp;&nbsp; 1.22% | &nbsp;&nbsp;&nbsp;&nbsp; 1.22% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.89%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 122% | &nbsp;&nbsp;&nbsp;&nbsp; $460476 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $24.29 | &nbsp;&nbsp;&nbsp;&nbsp; 18.31% | &nbsp;&nbsp;&nbsp;&nbsp; 1.25% | &nbsp;&nbsp;&nbsp;&nbsp; 1.25% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.62%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 146% | &nbsp;&nbsp;&nbsp;&nbsp; $407844 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $20.53 | &nbsp;&nbsp;&nbsp;&nbsp; 16.25% | &nbsp;&nbsp;&nbsp;&nbsp; 1.28% | &nbsp;&nbsp;&nbsp;&nbsp; 1.28% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.76%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 118% | &nbsp;&nbsp;&nbsp;&nbsp; $363077 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $17.66 | &nbsp;&nbsp;&nbsp;&nbsp; (40.10%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.24% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.24% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.07%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $350816 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $32.70 | &nbsp;&nbsp;&nbsp;&nbsp; 40.63% | &nbsp;&nbsp;&nbsp;&nbsp; 1.21% | &nbsp;&nbsp;&nbsp;&nbsp; 1.21% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.03%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 50% | &nbsp;&nbsp;&nbsp;&nbsp; $665217 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $21.57 | &nbsp;&nbsp;&nbsp;&nbsp; 12.99% | &nbsp;&nbsp;&nbsp;&nbsp; 1.94% | &nbsp;&nbsp;&nbsp;&nbsp; 1.94% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.58%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 78% | &nbsp;&nbsp;&nbsp;&nbsp; $44152 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $20.27 | &nbsp;&nbsp;&nbsp;&nbsp; 18.75% | &nbsp;&nbsp;&nbsp;&nbsp; 1.97% | &nbsp;&nbsp;&nbsp;&nbsp; 1.97% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.64%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 122% | &nbsp;&nbsp;&nbsp;&nbsp; $37599 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $17.07 | &nbsp;&nbsp;&nbsp;&nbsp; 17.48% | &nbsp;&nbsp;&nbsp;&nbsp; 2.00% | &nbsp;&nbsp;&nbsp;&nbsp; 2.00% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.37%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 146% | &nbsp;&nbsp;&nbsp;&nbsp; $31922 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $14.53 | &nbsp;&nbsp;&nbsp;&nbsp; 15.41% | &nbsp;&nbsp;&nbsp;&nbsp; 2.03% | &nbsp;&nbsp;&nbsp;&nbsp; 2.03% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.51%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 118% | &nbsp;&nbsp;&nbsp;&nbsp; $28938 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $12.59 | &nbsp;&nbsp;&nbsp;&nbsp; (40.57%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.99% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.99% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.82%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $28016 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $24.22 | &nbsp;&nbsp;&nbsp;&nbsp; 39.58% | &nbsp;&nbsp;&nbsp;&nbsp; 1.96% | &nbsp;&nbsp;&nbsp;&nbsp; 1.96% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.79%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 50% | &nbsp;&nbsp;&nbsp;&nbsp; $50471 |
| **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; $34.88 | &nbsp;&nbsp;&nbsp;&nbsp; 13.56% | &nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp;&nbsp;&nbsp; 0.94% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.58%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 78% | &nbsp;&nbsp;&nbsp;&nbsp; $1554408 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $32.19 | &nbsp;&nbsp;&nbsp;&nbsp; 19.93% | &nbsp;&nbsp;&nbsp;&nbsp; 0.97% | &nbsp;&nbsp;&nbsp;&nbsp; 0.97% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.64%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 122% | &nbsp;&nbsp;&nbsp;&nbsp; $1301168 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $26.84 | &nbsp;&nbsp;&nbsp;&nbsp; 18.66% | &nbsp;&nbsp;&nbsp;&nbsp; 1.00% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.37%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 146% | &nbsp;&nbsp;&nbsp;&nbsp; $1059900 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $22.62 | &nbsp;&nbsp;&nbsp;&nbsp; 16.54% | &nbsp;&nbsp;&nbsp;&nbsp; 1.03% | &nbsp;&nbsp;&nbsp;&nbsp; 1.03% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.51%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 118% | &nbsp;&nbsp;&nbsp;&nbsp; $876678 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $19.41 | &nbsp;&nbsp;&nbsp;&nbsp; (39.96%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.82%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $769677 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $35.61 | &nbsp;&nbsp;&nbsp;&nbsp; 41.00% | &nbsp;&nbsp;&nbsp;&nbsp; 0.96% | &nbsp;&nbsp;&nbsp;&nbsp; 0.96% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.79%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 50% | &nbsp;&nbsp;&nbsp;&nbsp; $1653559 |
| **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; $35.64 | &nbsp;&nbsp;&nbsp;&nbsp; 13.61% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; (0.51%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 78% | &nbsp;&nbsp;&nbsp;&nbsp; $121314 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $32.87 | &nbsp;&nbsp;&nbsp;&nbsp; 20.05% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; (0.54%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 122% | &nbsp;&nbsp;&nbsp;&nbsp; $81899 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $27.38 | &nbsp;&nbsp;&nbsp;&nbsp; 18.79% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; (0.28%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 146% | &nbsp;&nbsp;&nbsp;&nbsp; $64982 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $23.05 | &nbsp;&nbsp;&nbsp;&nbsp; 16.65% | &nbsp;&nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp;&nbsp; (0.39%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 118% | &nbsp;&nbsp;&nbsp;&nbsp; $48817 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $19.76 | &nbsp;&nbsp;&nbsp;&nbsp; (39.89%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.88% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.88% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.72%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $55108 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $36.17 | &nbsp;&nbsp;&nbsp;&nbsp; 41.11% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; (0.72%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 50% | &nbsp;&nbsp;&nbsp;&nbsp; $237521 |
| **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; $36.30 | &nbsp;&nbsp;&nbsp;&nbsp; 13.63% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; (0.45%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 78% | &nbsp;&nbsp;&nbsp;&nbsp; $875249 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $33.46 | &nbsp;&nbsp;&nbsp;&nbsp; 20.14% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; (0.50%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 122% | &nbsp;&nbsp;&nbsp;&nbsp; $656010 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $27.85 | &nbsp;&nbsp;&nbsp;&nbsp; 18.76% | &nbsp;&nbsp;&nbsp;&nbsp; 0.84% | &nbsp;&nbsp;&nbsp;&nbsp; 0.84% | &nbsp;&nbsp;&nbsp;&nbsp; (0.21%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 146% | &nbsp;&nbsp;&nbsp;&nbsp; $413157 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $23.45 | &nbsp;&nbsp;&nbsp;&nbsp; 16.78% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; (0.34%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 118% | &nbsp;&nbsp;&nbsp;&nbsp; $385265 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $20.08 | &nbsp;&nbsp;&nbsp;&nbsp; (39.88%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.84% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.84% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.66%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $345912 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $36.71 | &nbsp;&nbsp;&nbsp;&nbsp; 41.18% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; (0.67%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 50% | &nbsp;&nbsp;&nbsp;&nbsp; $560880 |

---

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

Columbia Small Cap Growth 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>**(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 R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** |
| Six Months Ended 2/28/2026 (Unaudited) | $27.86 | &nbsp;&nbsp; (0.16)<br>| 3.83 | 3.67 | &nbsp;&nbsp; (1.47)<br>| &nbsp;&nbsp; (1.47)<br>|
| Year Ended 8/31/2025 | $23.34 | &nbsp;&nbsp; (0.28)<br>| 4.80 | 4.52 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2024 | $19.78 | &nbsp;&nbsp; (0.18)<br>| 3.74 | 3.56 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2023 | $17.05 | &nbsp;&nbsp; (0.18)<br>| 2.91 | 2.73 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Year Ended 8/31/2022 | $31.70 | &nbsp;&nbsp; (0.30)<br>| &nbsp;&nbsp; (11.51)<br>| &nbsp;&nbsp; (11.81)<br>| &nbsp;&nbsp; (2.84)<br>| &nbsp;&nbsp; (2.84)<br>|
| Year Ended 8/31/2021 | $24.35 | &nbsp;&nbsp; (0.38)<br>| 9.86 | 9.48 | &nbsp;&nbsp; (2.13)<br>| &nbsp;&nbsp; (2.13)<br>|
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | $32.19 | &nbsp;&nbsp; (0.10)<br>| 4.42 | 4.32 | &nbsp;&nbsp; (1.63)<br>| &nbsp;&nbsp; (1.63)<br>|
| Year Ended 8/31/2025<sup>(e)</sup> <br>| $27.26 | &nbsp;&nbsp; (0.16)<br>| 5.09 | 4.93 | &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) | The benefits derived from expense reductions had an impact of less than 0.01%. |
| (d) | Ratios include interfund lending expense which is less than 0.01%. |
| (e) | Class S shares commenced operations on October 2, 2024. 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 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)</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 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; $30.06 | &nbsp;&nbsp;&nbsp;&nbsp; 13.30% | &nbsp;&nbsp;&nbsp;&nbsp; 1.44% | &nbsp;&nbsp;&nbsp;&nbsp; 1.44% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.07%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 78% | &nbsp;&nbsp;&nbsp;&nbsp; $31156 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $27.86 | &nbsp;&nbsp;&nbsp;&nbsp; 19.37% | &nbsp;&nbsp;&nbsp;&nbsp; 1.47% | &nbsp;&nbsp;&nbsp;&nbsp; 1.47% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.14%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 122% | &nbsp;&nbsp;&nbsp;&nbsp; $18148 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $23.34 | &nbsp;&nbsp;&nbsp;&nbsp; 18.00% | &nbsp;&nbsp;&nbsp;&nbsp; 1.50% | &nbsp;&nbsp;&nbsp;&nbsp; 1.50% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.87%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 146% | &nbsp;&nbsp;&nbsp;&nbsp; $9279 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $19.78 | &nbsp;&nbsp;&nbsp;&nbsp; 16.01% | &nbsp;&nbsp;&nbsp;&nbsp; 1.53% | &nbsp;&nbsp;&nbsp;&nbsp; 1.53% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.01%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 118% | &nbsp;&nbsp;&nbsp;&nbsp; $7889 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $17.05 | &nbsp;&nbsp;&nbsp;&nbsp; (40.26%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.49% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.49% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.32%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 56% | &nbsp;&nbsp;&nbsp;&nbsp; $7173 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $31.70 | &nbsp;&nbsp;&nbsp;&nbsp; 40.27% | &nbsp;&nbsp;&nbsp;&nbsp; 1.46% | &nbsp;&nbsp;&nbsp;&nbsp; 1.46% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.30%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 50% | &nbsp;&nbsp;&nbsp;&nbsp; $13968 |
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $34.88 | &nbsp;&nbsp;&nbsp;&nbsp; 13.56% | &nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp;&nbsp;&nbsp; 0.94% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.58%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 78% | &nbsp;&nbsp;&nbsp;&nbsp; $43005 |
|  Year Ended 8/31/2025 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $32.19 | &nbsp;&nbsp;&nbsp;&nbsp; 18.09% | &nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 0.97% | &nbsp;&nbsp;&nbsp;&nbsp; (0.63%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 122% | &nbsp;&nbsp;&nbsp;&nbsp; $40382 |

---

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

Columbia Small Cap Growth Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Small Cap Growth Fund (the Fund), a series of Columbia Funds Series Trust I (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 and Class C shares are offered to the general public for investment. Class C shares automatically convert to Class A shares after 8 years. Institutional Class, Institutional 2 Class, Institutional 3 Class, Class R and Class S 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 Small Cap Growth 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.

**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.

Columbia Small Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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.

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 0.87% to 0.75% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.80% of the Fund's average daily net assets.

Columbia Small Cap Growth 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 | 0.13 |
| Class C | 0.13 |
| Institutional Class | 0.13 |
| Institutional 2 Class | 0.06 |
| Institutional 3 Class | 0.00 |
| Class R | 0.13 |
| Class S | 0.13 |

---

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 $1,540.

Columbia Small Cap Growth 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. The Board of Trustees has approved, and the Fund has adopted, distribution and shareholder service plans (the Plans) applicable to certain share classes, which set 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 Plans, the Fund pays a monthly service fee to the Distributor at the maximum annual rate of 0.25% of the average daily net assets attributable to Class A and Class C shares of the Fund. Also under the Plans, the Fund pays a monthly distribution fee to the Distributor at the maximum annual rates of 0.10%, 0.75% and 0.50% of the average daily net assets attributable to Class A, Class C and Class R shares of the Fund, respectively.

Although the Fund may pay distribution and service fees up to a maximum annual rate of 0.35% of the Fund's average daily net assets attributable to Class A shares (comprised of up to 0.10% for distribution services and up to 0.25% for shareholder services), the Fund currently limits such fees to an aggregate fee of not more than 0.25% of the Fund's average daily net assets attributable to Class A shares.

**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; 193253 |
| Class C | —<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.00 <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3075 |

---

&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.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This charge applies to redemptions within 12 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;1.30 | &nbsp;&nbsp;&nbsp;&nbsp;&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 |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.99 |
| 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;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;&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 |
| 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;0.97 | &nbsp;&nbsp;&nbsp;&nbsp;&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 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;0.92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.85 |
| 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;1.55 | &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;1.49 |
| Class S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;&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,

Columbia Small Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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>|
| 2629661000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691558000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (130443000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 561115000 |

---

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

Under current tax rules, regulated investment companies can elect to treat certain late-year ordinary losses incurred and post-October capital losses (capital losses realized after October 31) as arising on the first day of the following taxable year. The Fund will elect to treat the following late-year ordinary losses and post-October capital losses at August 31, 2025 as arising on September 1, 2025.

---

| | |
|:---|:---|
| **Late year** <br>**ordinary losses ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Post-October** <br>**capital losses ($)**<br>|
| 9141881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |

---

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 $2,456,480,231 and $2,166,134,326, 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 Small Cap Growth 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>|
| Lender | 833333 | &nbsp;&nbsp;&nbsp;&nbsp;4.23 | &nbsp;&nbsp;&nbsp;&nbsp; 6 |

---

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.

Columbia Small Cap Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

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 Small Cap Growth Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

**Columbia Small Cap Growth Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787img13efbdb52.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/

SAR226_08_T01_(04/26)

------

![](g469787imgf19ccf941.jpg)

Columbia International Dividend Income 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_6082ec8d-b780-48ed-9a22-52fb90f47262_POI-CommonContent-Date-68_1) | 3 |
| [Statement of Assets and Liabilities](#xx_6082ec8d-b780-48ed-9a22-52fb90f47262_FS-CommonContent-Date-68_1) | 6 |
| [Statement of Operations](#xx_6082ec8d-b780-48ed-9a22-52fb90f47262_FS-CommonContent-Date-68_2) | 7 |
| [Statement of Changes in Net Assets](#xx_6082ec8d-b780-48ed-9a22-52fb90f47262_FS-CommonContent-Date-68_3) | 8 |
| [Financial Highlights](#xx_6082ec8d-b780-48ed-9a22-52fb90f47262_FIHI-CommonContent-Date-68_1) | 10 |
| [Notes to Financial Statements](#xx_6082ec8d-b780-48ed-9a22-52fb90f47262_NTF-CommonContent-Date-68_1) | 14 |

---

Columbia International Dividend Income 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 99.0%** | **Common Stocks 99.0%** | **Common Stocks 99.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Australia 1.6%** | **Australia 1.6%** | **Australia 1.6%** |
| Telstra Corp., Ltd. | &nbsp;&nbsp; 3094504 | &nbsp;&nbsp; 11407244 |
| **Canada 8.3%** | **Canada 8.3%** | **Canada 8.3%** |
| Canadian National Railway Co. | &nbsp;&nbsp; 70650 | &nbsp;&nbsp; 7928152 |
| Canadian Natural Resources Ltd. | &nbsp;&nbsp; 102942 | &nbsp;&nbsp; 4503170 |
| Manulife Financial Corp. | &nbsp;&nbsp; 302394 | &nbsp;&nbsp; 10767404 |
| Nutrien Ltd. | &nbsp;&nbsp; 113838 | &nbsp;&nbsp; 8561739 |
| Royal Bank of Canada | &nbsp;&nbsp; 95432 | &nbsp;&nbsp; 15956289 |
| TC Energy Corp. | &nbsp;&nbsp; 156606 | &nbsp;&nbsp; 10063059 |
| **Total** | **Total** | &nbsp;&nbsp; **57779813** |
| **China 1.5%** | **China 1.5%** | **China 1.5%** |
| Tencent Holdings Ltd. | &nbsp;&nbsp; 158500 | &nbsp;&nbsp; 10428322 |
| **Denmark 0.2%** | **Denmark 0.2%** | **Denmark 0.2%** |
| Novo Nordisk A/S, Class B | &nbsp;&nbsp; 33293 | &nbsp;&nbsp; 1259259 |
| **France 8.3%** | **France 8.3%** | **France 8.3%** |
| AXA SA | &nbsp;&nbsp; 272378 | &nbsp;&nbsp; 13319857 |
| BNP Paribas SA | &nbsp;&nbsp; 163005 | &nbsp;&nbsp; 18302478 |
| Schneider Electric SE | &nbsp;&nbsp; 42157 | &nbsp;&nbsp; 13777322 |
| TotalEnergies SE | &nbsp;&nbsp; 160047 | &nbsp;&nbsp; 12820023 |
| **Total** | **Total** | &nbsp;&nbsp; **58219680** |
| **Germany 8.6%** | **Germany 8.6%** | **Germany 8.6%** |
| Adidas AG | &nbsp;&nbsp; 27640 | &nbsp;&nbsp; 5128191 |
| Deutsche Telekom AG, Registered Shares | &nbsp;&nbsp; 368963 | &nbsp;&nbsp; 14817612 |
| E.ON SE | &nbsp;&nbsp; 659448 | &nbsp;&nbsp; 15334730 |
| SAP SE | &nbsp;&nbsp; 48584 | &nbsp;&nbsp; 9760156 |
| Siemens AG, Registered Shares | &nbsp;&nbsp; 53350 | &nbsp;&nbsp; 15425825 |
| **Total** | **Total** | &nbsp;&nbsp; **60466514** |
| **Hong Kong 3.7%** | **Hong Kong 3.7%** | **Hong Kong 3.7%** |
| AIA Group Ltd. | &nbsp;&nbsp; 1372000 | &nbsp;&nbsp; 15135264 |
| Hong Kong Exchanges and Clearing Ltd. | &nbsp;&nbsp; 200400 | &nbsp;&nbsp; 10706362 |
| **Total** | **Total** | &nbsp;&nbsp; **25841626** |
| **Indonesia 1.0%** | **Indonesia 1.0%** | **Indonesia 1.0%** |
| PT Bank Rakyat Indonesia Persero Tbk | &nbsp;&nbsp; 30477752 | &nbsp;&nbsp; 7092765 |
| **Ireland 2.0%** | **Ireland 2.0%** | **Ireland 2.0%** |
| Bank of Ireland Group PLC | &nbsp;&nbsp; 707958 | &nbsp;&nbsp; 13784855 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Italy 0.7%** | **Italy 0.7%** | **Italy 0.7%** |
| UniCredit SpA | &nbsp;&nbsp; 56124 | &nbsp;&nbsp; 4778810 |
| **Japan 15.0%** | **Japan 15.0%** | **Japan 15.0%** |
| Komatsu Ltd. | &nbsp;&nbsp; 217500 | &nbsp;&nbsp; 10440083 |
| Mitsubishi Electric Corp. | &nbsp;&nbsp; 393100 | &nbsp;&nbsp; 14962575 |
| Mizuho Financial Group, Inc. | &nbsp;&nbsp; 190200 | &nbsp;&nbsp; 8485585 |
| ORIX Corp. | &nbsp;&nbsp; 439900 | &nbsp;&nbsp; 15440094 |
| Renesas Electronics Corp. | &nbsp;&nbsp; 476700 | &nbsp;&nbsp; 8989993 |
| Shin-Etsu Chemical Co., Ltd. | &nbsp;&nbsp; 170500 | &nbsp;&nbsp; 6712851 |
| SMC Corp. | &nbsp;&nbsp; 11900 | &nbsp;&nbsp; 5692405 |
| Tokyo Electron Ltd. | &nbsp;&nbsp; 74300 | &nbsp;&nbsp; 20906148 |
| Toyota Motor Corp. | &nbsp;&nbsp; 553000 | &nbsp;&nbsp; 13398286 |
| **Total** | **Total** | &nbsp;&nbsp; **105028020** |
| **Mexico 1.3%** | **Mexico 1.3%** | **Mexico 1.3%** |
| Grupo Financiero Banorte SAB de CV, Class O | &nbsp;&nbsp; 779022 | &nbsp;&nbsp; 8858198 |
| **Singapore 1.8%** | **Singapore 1.8%** | **Singapore 1.8%** |
| DBS Group Holdings Ltd. | &nbsp;&nbsp; 271980 | &nbsp;&nbsp; 12251395 |
| **South Africa 2.4%** | **South Africa 2.4%** | **South Africa 2.4%** |
| Anglo American PLC | &nbsp;&nbsp; 335928 | &nbsp;&nbsp; 16760314 |
| **South Korea 6.1%** | **South Korea 6.1%** | **South Korea 6.1%** |
| Samsung Electronics Co., Ltd. | &nbsp;&nbsp; 283287 | &nbsp;&nbsp; 42399943 |
| **Spain 3.8%** | **Spain 3.8%** | **Spain 3.8%** |
| Iberdrola SA | &nbsp;&nbsp; 742076 | &nbsp;&nbsp; 17515414 |
| Industria de Diseno Textil SA | &nbsp;&nbsp; 137496 | &nbsp;&nbsp; 9181622 |
| **Total** | **Total** | &nbsp;&nbsp; **26697036** |
| **Switzerland 7.0%** | **Switzerland 7.0%** | **Switzerland 7.0%** |
| DSM-Firmenich AG | &nbsp;&nbsp; 82214 | &nbsp;&nbsp; 5871703 |
| Nestlé SA, Registered Shares | &nbsp;&nbsp; 131274 | &nbsp;&nbsp; 14343055 |
| Novartis AG, ADR | &nbsp;&nbsp; 86181 | &nbsp;&nbsp; 14531840 |
| SGS SA, Registered Shares | &nbsp;&nbsp; 76127 | &nbsp;&nbsp; 9616782 |
| TE Connectivity PLC | &nbsp;&nbsp; 18728 | &nbsp;&nbsp; 4310249 |
| **Total** | **Total** | &nbsp;&nbsp; **48673629** |
| **Taiwan 5.0%** | **Taiwan 5.0%** | **Taiwan 5.0%** |
| Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp; 564000 | &nbsp;&nbsp; 35192581 |

---

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

Columbia International Dividend Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **United Kingdom 9.0%** | **United Kingdom 9.0%** | **United Kingdom 9.0%** |
| BT Group PLC | &nbsp;&nbsp; 4345403 | &nbsp;&nbsp; 12665107 |
| ConvaTec Group PLC | &nbsp;&nbsp; 2584518 | &nbsp;&nbsp; 8917103 |
| Diageo PLC | &nbsp;&nbsp; 259396 | &nbsp;&nbsp; 5817353 |
| Pearson PLC | &nbsp;&nbsp; 534558 | &nbsp;&nbsp; 6879392 |
| Reckitt Benckiser Group PLC | &nbsp;&nbsp; 134292 | &nbsp;&nbsp; 11831023 |
| Taylor Wimpey PLC | &nbsp;&nbsp; 4534973 | &nbsp;&nbsp; 6883929 |
| Unilever PLC | &nbsp;&nbsp; 134243 | &nbsp;&nbsp; 9861035 |
| **Total** | **Total** | &nbsp;&nbsp; **62854942** |
| **United States 11.7%** | **United States 11.7%** | **United States 11.7%** |
| CRH PLC | &nbsp;&nbsp; 63100 | &nbsp;&nbsp; 7551073 |
| GSK PLC | &nbsp;&nbsp; 551107 | &nbsp;&nbsp; 16375191 |
| Linde PLC | &nbsp;&nbsp; 10836 | &nbsp;&nbsp; 5505555 |
| Medtronic PLC | &nbsp;&nbsp; 86385 | &nbsp;&nbsp; 8436359 |
| Roche Holding AG, Genusschein Shares | &nbsp;&nbsp; 39369 | &nbsp;&nbsp; 18735764 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Shell PLC | &nbsp;&nbsp; 282397 | &nbsp;&nbsp; 11778322 |
| Smurfit WestRock PLC | &nbsp;&nbsp; 168673 | &nbsp;&nbsp; 7877028 |
| Sunbelt Rentals Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 78142 | &nbsp;&nbsp; 5597312 |
| **Total** | **Total** | &nbsp;&nbsp; **81856604** |
| Total Common Stocks <br>(Cost $436,105,896) | Total Common Stocks <br>(Cost $436,105,896) | &nbsp;&nbsp; **691631550** |
| **Money Market Funds 0.6%** | **Money Market Funds 0.6%** | **Money Market Funds 0.6%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 4298520 | &nbsp;&nbsp; 4297661 |
| Total Money Market Funds <br>(Cost $4,297,108) | Total Money Market Funds <br>(Cost $4,297,108) | &nbsp;&nbsp; **4297661** |
| **Total Investments in Securities** <br>**(Cost $440,403,004)** | **Total Investments in Securities** <br>**(Cost $440,403,004)** | &nbsp;&nbsp; **695929211** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **2881639** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$698810850** |

---

**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% |
|  | 5170951 | &nbsp;&nbsp; 28873784 | &nbsp;&nbsp; (29747548)<br>| &nbsp;&nbsp; 474 | &nbsp;&nbsp; 4297661 | &nbsp;&nbsp; 586 | &nbsp;&nbsp; 89605 | &nbsp;&nbsp; 4298520 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

**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).

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

Columbia International Dividend Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

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; 11407244 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11407244 |
| Canada | 57779813 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 57779813 |
| China |  | &nbsp;&nbsp;&nbsp;&nbsp; 10428322 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10428322 |
| Denmark |  | &nbsp;&nbsp;&nbsp;&nbsp; 1259259 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1259259 |
| France |  | &nbsp;&nbsp;&nbsp;&nbsp; 58219680 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 58219680 |
| Germany | 15334730 | &nbsp;&nbsp;&nbsp;&nbsp; 45131784 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 60466514 |
| Hong Kong |  | &nbsp;&nbsp;&nbsp;&nbsp; 25841626 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 25841626 |
| Indonesia |  | &nbsp;&nbsp;&nbsp;&nbsp; 7092765 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7092765 |
| Ireland |  | &nbsp;&nbsp;&nbsp;&nbsp; 13784855 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13784855 |
| Italy |  | &nbsp;&nbsp;&nbsp;&nbsp; 4778810 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4778810 |
| Japan |  | &nbsp;&nbsp;&nbsp;&nbsp; 105028020 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 105028020 |
| Mexico | 8858198 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8858198 |
| Singapore |  | &nbsp;&nbsp;&nbsp;&nbsp; 12251395 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12251395 |
| South Africa |  | &nbsp;&nbsp;&nbsp;&nbsp; 16760314 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16760314 |
| South Korea |  | &nbsp;&nbsp;&nbsp;&nbsp; 42399943 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 42399943 |
| Spain |  | &nbsp;&nbsp;&nbsp;&nbsp; 26697036 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26697036 |
| Switzerland | 18842089 | &nbsp;&nbsp;&nbsp;&nbsp; 29831540 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 48673629 |
| Taiwan |  | &nbsp;&nbsp;&nbsp;&nbsp; 35192581 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 35192581 |
| United Kingdom |  | &nbsp;&nbsp;&nbsp;&nbsp; 62854942 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 62854942 |
| United States | 19539226 | &nbsp;&nbsp;&nbsp;&nbsp; 62317378 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 81856604 |
| Total Common Stocks | 120354056 | &nbsp;&nbsp;&nbsp;&nbsp; 571277494 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 691631550 |
| Money Market Funds | 4297661 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4297661 |
| Total Investments in Securities | 124651717 | &nbsp;&nbsp;&nbsp;&nbsp; 571277494 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 695929211 |

---

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 International Dividend Income 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 $436,105,896) | $691631550 |
| Affiliated issuers (cost $4,297,108) | 4297661 |
| Receivable for: |  |
| Capital shares sold | 236799 |
| Dividends | 836348 |
| Foreign tax reclaims | 2480338 |
| Expense reimbursement due from Investment Manager | 619 |
| Prepaid expenses | 2346 |
| Deferred compensation of board members | 224468 |
| Total assets | 699710129 |
| **Liabilities** |  |
| Foreign currency (cost $40) | 40 |
| Payable for: |  |
| Capital shares redeemed | 544974 |
| Management services fees | 14426 |
| Distribution and/or service fees | 785 |
| Transfer agent fees | 34950 |
| Compensation of chief compliance officer | 47 |
| Compensation of board members | 1465 |
| Other expenses | 40576 |
| Deferred compensation of board members | 262016 |
| Total liabilities | 899279 |
| **Net assets applicable to outstanding capital stock** | **$698810850** |
| **Represented by** |  |
| Paid in capital | 437621285 |
| Total distributable earnings (loss) | 261189565 |
| **Total - representing net assets applicable to outstanding capital stock** | **$698810850** |
| **Class A** |  |
| Net assets | $115071159 |
| Shares outstanding | 4321303 |
| Net asset value per share | $26.63 |
| 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) | $28.25 |
| **Institutional Class** |  |
| Net assets | $404018549 |
| Shares outstanding | 15098479 |
| Net asset value per share | $26.76 |
| **Institutional 2 Class** |  |
| Net assets | $34195823 |
| Shares outstanding | 1282819 |
| Net asset value per share | $26.66 |
| **Institutional 3 Class** |  |
| Net assets | $100821412 |
| Shares outstanding | 3773594 |
| Net asset value per share | $26.72 |
| **Class S** |  |
| Net assets | $44703907 |
| Shares outstanding | 1670577 |
| Net asset value per share | $26.76 |

---

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

Columbia International Dividend Income 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 | $7397415 |
| Dividends — affiliated issuers | 89605 |
| Foreign taxes withheld | (491753)<br>|
| Total income | 6995267 |
| Expenses: |  |
| Management services fees | 2322172 |
| Distribution and/or service fees |  |
| Class A | 126245 |
| Transfer agent fees |  |
| Class A | 88535 |
| Institutional Class | 303192 |
| Institutional 2 Class | 7832 |
| Institutional 3 Class | 1720 |
| Class S | 34786 |
| Custodian fees | 27438 |
| Printing and postage fees | 24799 |
| Registration fees | 49707 |
| Accounting services fees | 17002 |
| Legal fees | 12886 |
| Compensation of chief compliance officer | 48 |
| Compensation of board members | 8491 |
| Deferred compensation of board members | 5577 |
| Other | 12004 |
| Total expenses | 3042434 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (171170)<br>|
| Expense reduction | (21418)<br>|
| Total net expenses | 2849846 |
| **Net investment income** | 4145421 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 8174143 |
| Investments — affiliated issuers | 586 |
| Foreign currency translations | (35645)<br>|
| Net realized gain | 8139084 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 132564614 |
| Investments — affiliated issuers | 474 |
| Foreign currency translations | 57771 |
| Net change in unrealized appreciation (depreciation) | 132622859 |
| Net realized and unrealized gain | 140761943 |
| **Net increase in net assets resulting from operations** | **$144907364** |

---

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

Columbia International Dividend Income 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 | $4145421 | &nbsp;&nbsp; $15828908 |
| Net realized gain | 8139084 | &nbsp;&nbsp; 12992264 |
| Net change in unrealized appreciation (depreciation) | 132622859 | &nbsp;&nbsp; 31855352 |
| Net increase in net assets resulting from operations | 144907364 | &nbsp;&nbsp; 60676524 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (3559179)<br>| &nbsp;&nbsp; (5605832)<br>|
| Advisor Class |  | &nbsp;&nbsp; (73765)<br>|
| Institutional Class | (12481060)<br>| &nbsp;&nbsp; (20065559)<br>|
| Institutional 2 Class | (1092716)<br>| &nbsp;&nbsp; (1857526)<br>|
| Institutional 3 Class | (3531022)<br>| &nbsp;&nbsp; (5640361)<br>|
| Class S | (1438248)<br>| &nbsp;&nbsp; (2130710)<br>|
| Total distributions to shareholders | (22102225)<br>| &nbsp;&nbsp; (35373753)<br>|
| Decrease in net assets from capital stock activity | (335388)<br>| &nbsp;&nbsp; (23245998)<br>|
| Total increase in net assets | 122469751 | &nbsp;&nbsp; 2056773 |
| Net assets at beginning of period | 576341099 | &nbsp;&nbsp; 574284326 |
| **Net assets at end of period** | **$698810850** | &nbsp;&nbsp; **$576341099** |

---

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

Columbia International Dividend Income 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 | 132538 | &nbsp;&nbsp;&nbsp;&nbsp; 3089277 | &nbsp;&nbsp;&nbsp;&nbsp; 321555 | &nbsp;&nbsp;&nbsp;&nbsp; 6515901 |
| Distributions reinvested | 148267 | &nbsp;&nbsp;&nbsp;&nbsp; 3324722 | &nbsp;&nbsp;&nbsp;&nbsp; 274208 | &nbsp;&nbsp;&nbsp;&nbsp; 5229300 |
| Shares redeemed | (287930)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6718672)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (724489)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (14677508)<br>|
| Net decrease | (7125)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (304673)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (128726)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2932307)<br>|
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16563 | &nbsp;&nbsp;&nbsp;&nbsp; 344214 |
| Distributions reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3512 | &nbsp;&nbsp;&nbsp;&nbsp; 73747 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (612439)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (12531279)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (592364)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (12113318)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 521687 | &nbsp;&nbsp;&nbsp;&nbsp; 12705184 | &nbsp;&nbsp;&nbsp;&nbsp; 704142 | &nbsp;&nbsp;&nbsp;&nbsp; 14243920 |
| Distributions reinvested | 535904 | &nbsp;&nbsp;&nbsp;&nbsp; 12068994 | &nbsp;&nbsp;&nbsp;&nbsp; 1011196 | &nbsp;&nbsp;&nbsp;&nbsp; 19413394 |
| Shares redeemed | (648012)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15179044)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3714242)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (76512654)<br>|
| Net increase (decrease) | 409579 | &nbsp;&nbsp;&nbsp;&nbsp; 9595134 | &nbsp;&nbsp;&nbsp;&nbsp; (1998904)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (42855340)<br>|
| Institutional 2 Class |  |  |  |  |
| Shares sold | 62707 | &nbsp;&nbsp;&nbsp;&nbsp; 1483891 | &nbsp;&nbsp;&nbsp;&nbsp; 141337 | &nbsp;&nbsp;&nbsp;&nbsp; 2810504 |
| Distributions reinvested | 48528 | &nbsp;&nbsp;&nbsp;&nbsp; 1088415 | &nbsp;&nbsp;&nbsp;&nbsp; 96780 | &nbsp;&nbsp;&nbsp;&nbsp; 1849987 |
| Shares redeemed | (87109)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2065071)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (333282)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6641693)<br>|
| Net increase (decrease) | 24126 | &nbsp;&nbsp;&nbsp;&nbsp; 507235 | &nbsp;&nbsp;&nbsp;&nbsp; (95165)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1981202)<br>|
| Institutional 3 Class |  |  |  |  |
| Shares sold | 185760 | &nbsp;&nbsp;&nbsp;&nbsp; 4364165 | &nbsp;&nbsp;&nbsp;&nbsp; 448661 | &nbsp;&nbsp;&nbsp;&nbsp; 9099377 |
| Distributions reinvested | 157106 | &nbsp;&nbsp;&nbsp;&nbsp; 3531022 | &nbsp;&nbsp;&nbsp;&nbsp; 294141 | &nbsp;&nbsp;&nbsp;&nbsp; 5640342 |
| Shares redeemed | (668004)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (16054011)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (739978)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (14903273)<br>|
| Net increase (decrease) | (325138)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8158824)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2824 | &nbsp;&nbsp;&nbsp;&nbsp; (163554)<br>|
| Class S |  |  |  |  |
| Shares sold | 715 | &nbsp;&nbsp;&nbsp;&nbsp; 16712 | &nbsp;&nbsp;&nbsp;&nbsp; 1865677 | &nbsp;&nbsp;&nbsp;&nbsp; 39159501 |
| Distributions reinvested | 63875 | &nbsp;&nbsp;&nbsp;&nbsp; 1438248 | &nbsp;&nbsp;&nbsp;&nbsp; 112183 | &nbsp;&nbsp;&nbsp;&nbsp; 2130167 |
| Shares redeemed | (149387)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3429220)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (222486)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4489945)<br>|
| Net increase (decrease) | (84797)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1974260)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1755374 | &nbsp;&nbsp;&nbsp;&nbsp; 36799723 |
| **Total net increase (decrease)** | **16645** | &nbsp;&nbsp;&nbsp;&nbsp; **(335388)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(1056961)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(23245998)**<br>|

---

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

Columbia International Dividend Income 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>| **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) | $21.98 | 0.13 | 5.35 | 5.48 | &nbsp;&nbsp; (0.36)<br>| &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (0.83)<br>|
| Year Ended 8/31/2025 | $21.05 | 0.54 <br><sup>(d)</sup><br>| 1.67 | 2.21 | &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (0.81)<br>| &nbsp;&nbsp; (1.28)<br>|
| Year Ended 8/31/2024 | $18.45 | 0.39 | 2.84 | 3.23 | &nbsp;&nbsp; (0.45)<br>| &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.63)<br>|
| Year Ended 8/31/2023 | $16.22 | 0.37 | 2.23 | 2.60 | &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.37)<br>|
| Year Ended 8/31/2022 | $21.61 | 0.35 <br><sup>(g)</sup><br>| &nbsp;&nbsp; (3.97)<br>| &nbsp;&nbsp; (3.62)<br>| &nbsp;&nbsp; (0.42)<br>| &nbsp;&nbsp; (1.35)<br>| &nbsp;&nbsp; (1.77)<br>|
| Year Ended 8/31/2021 | $17.70 | 0.30 | 4.20 | 4.50 | &nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp; (0.59)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $22.08 | 0.16 | 5.37 | 5.53 | &nbsp;&nbsp; (0.38)<br>| &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (0.85)<br>|
| Year Ended 8/31/2025 | $21.14 | 0.59 <br><sup>(d)</sup><br>| 1.68 | 2.27 | &nbsp;&nbsp; (0.52)<br>| &nbsp;&nbsp; (0.81)<br>| &nbsp;&nbsp; (1.33)<br>|
| Year Ended 8/31/2024 | $18.52 | 0.44 | 2.86 | 3.30 | &nbsp;&nbsp; (0.50)<br>| &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.68)<br>|
| Year Ended 8/31/2023 | $16.29 | 0.41 | 2.23 | 2.64 | &nbsp;&nbsp; (0.41)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.41)<br>|
| Year Ended 8/31/2022 | $21.69 | 0.40 <br><sup>(g)</sup><br>| &nbsp;&nbsp; (3.98)<br>| &nbsp;&nbsp; (3.58)<br>| &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (1.35)<br>| &nbsp;&nbsp; (1.82)<br>|
| Year Ended 8/31/2021 | $17.76 | 0.35 | 4.22 | 4.57 | &nbsp;&nbsp; (0.25)<br>| &nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp; (0.64)<br>|
| **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) | $22.00 | 0.17 | 5.36 | 5.53 | &nbsp;&nbsp; (0.40)<br>| &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (0.87)<br>|
| Year Ended 8/31/2025 | $21.07 | 0.62 <br><sup>(d)</sup><br>| 1.67 | 2.29 | &nbsp;&nbsp; (0.55)<br>| &nbsp;&nbsp; (0.81)<br>| &nbsp;&nbsp; (1.36)<br>|
| Year Ended 8/31/2024 | $18.46 | 0.46 | 2.85 | 3.31 | &nbsp;&nbsp; (0.52)<br>| &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.70)<br>|
| Year Ended 8/31/2023 | $16.24 | 0.44 | 2.21 | 2.65 | &nbsp;&nbsp; (0.43)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.43)<br>|
| Year Ended 8/31/2022 | $21.63 | 0.55 <br><sup>(g)</sup><br>| &nbsp;&nbsp; (4.09)<br>| &nbsp;&nbsp; (3.54)<br>| &nbsp;&nbsp; (0.50)<br>| &nbsp;&nbsp; (1.35)<br>| &nbsp;&nbsp; (1.85)<br>|
| Year Ended 8/31/2021 | $17.72 | 0.38 | 4.20 | 4.58 | &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp; (0.67)<br>|

---

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

Columbia International Dividend Income 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; $26.63 | &nbsp;&nbsp;&nbsp;&nbsp; 25.66% | &nbsp;&nbsp;&nbsp;&nbsp; 1.24% | &nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.11% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; $115071 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $21.98 | &nbsp;&nbsp;&nbsp;&nbsp; 11.53% | &nbsp;&nbsp;&nbsp;&nbsp; 1.29% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.21% <br><sup>(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.67% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 13% | &nbsp;&nbsp;&nbsp;&nbsp; $95133 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $21.05 | &nbsp;&nbsp;&nbsp;&nbsp; 17.92% | &nbsp;&nbsp;&nbsp;&nbsp; 1.31% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.24% <br><sup>(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.04% | &nbsp;&nbsp;&nbsp;&nbsp; 39% | &nbsp;&nbsp;&nbsp;&nbsp; $93826 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $18.45 | &nbsp;&nbsp;&nbsp;&nbsp; 16.17% | &nbsp;&nbsp;&nbsp;&nbsp; 1.35% | &nbsp;&nbsp;&nbsp;&nbsp; 1.27% <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.07% | &nbsp;&nbsp;&nbsp;&nbsp; 31% | &nbsp;&nbsp;&nbsp;&nbsp; $80500 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $16.22 | &nbsp;&nbsp;&nbsp;&nbsp; (18.02%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.34% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.26% <br><sup>(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.82% | &nbsp;&nbsp;&nbsp;&nbsp; 34% | &nbsp;&nbsp;&nbsp;&nbsp; $71242 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $21.61 | &nbsp;&nbsp;&nbsp;&nbsp; 25.78% | &nbsp;&nbsp;&nbsp;&nbsp; 1.34% <br><sup>(e),(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.24% <br><sup>(e),(f),(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.51% | &nbsp;&nbsp;&nbsp;&nbsp; 28% | &nbsp;&nbsp;&nbsp;&nbsp; $82701 |
| **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; $26.76 | &nbsp;&nbsp;&nbsp;&nbsp; 25.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% | &nbsp;&nbsp;&nbsp;&nbsp; 0.93% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.36% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; $404019 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $22.08 | &nbsp;&nbsp;&nbsp;&nbsp; 11.81% | &nbsp;&nbsp;&nbsp;&nbsp; 1.04% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.96% <br><sup>(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.89% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 13% | &nbsp;&nbsp;&nbsp;&nbsp; $324364 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $21.14 | &nbsp;&nbsp;&nbsp;&nbsp; 18.23% | &nbsp;&nbsp;&nbsp;&nbsp; 1.06% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99% <br><sup>(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.25% | &nbsp;&nbsp;&nbsp;&nbsp; 39% | &nbsp;&nbsp;&nbsp;&nbsp; $352835 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $18.52 | &nbsp;&nbsp;&nbsp;&nbsp; 16.39% | &nbsp;&nbsp;&nbsp;&nbsp; 1.10% | &nbsp;&nbsp;&nbsp;&nbsp; 1.02% <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.30% | &nbsp;&nbsp;&nbsp;&nbsp; 31% | &nbsp;&nbsp;&nbsp;&nbsp; $331734 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $16.29 | &nbsp;&nbsp;&nbsp;&nbsp; (17.78%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.09% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.01% <br><sup>(e),(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.06% | &nbsp;&nbsp;&nbsp;&nbsp; 34% | &nbsp;&nbsp;&nbsp;&nbsp; $303028 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $21.69 | &nbsp;&nbsp;&nbsp;&nbsp; 26.11% | &nbsp;&nbsp;&nbsp;&nbsp; 1.09% <br><sup>(e),(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99% <br><sup>(e),(f),(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.76% | &nbsp;&nbsp;&nbsp;&nbsp; 28% | &nbsp;&nbsp;&nbsp;&nbsp; $374189 |
| **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; $26.66 | &nbsp;&nbsp;&nbsp;&nbsp; 25.92% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp;&nbsp;&nbsp; 1.48% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; $34196 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $22.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11.96% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.81% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.04% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 13% | &nbsp;&nbsp;&nbsp;&nbsp; $27696 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $21.07 | &nbsp;&nbsp;&nbsp;&nbsp; 18.39% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.36% | &nbsp;&nbsp;&nbsp;&nbsp; 39% | &nbsp;&nbsp;&nbsp;&nbsp; $28531 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $18.46 | &nbsp;&nbsp;&nbsp;&nbsp; 16.56% | &nbsp;&nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 2.52% | &nbsp;&nbsp;&nbsp;&nbsp; 31% | &nbsp;&nbsp;&nbsp;&nbsp; $34789 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $16.24 | &nbsp;&nbsp;&nbsp;&nbsp; (17.66%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.88% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.06% | &nbsp;&nbsp;&nbsp;&nbsp; 34% | &nbsp;&nbsp;&nbsp;&nbsp; $18344 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $21.63 | &nbsp;&nbsp;&nbsp;&nbsp; 26.23% | &nbsp;&nbsp;&nbsp;&nbsp; 0.91% <br><sup>(e),(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.86% <br><sup>(e),(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.88% | &nbsp;&nbsp;&nbsp;&nbsp; 28% | &nbsp;&nbsp;&nbsp;&nbsp; $1219 |

---

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

Columbia International Dividend Income 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>|
| **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) | $22.05 | 0.18 | 5.37 | 5.55 | &nbsp;&nbsp; (0.41)<br>| &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (0.88)<br>|
| Year Ended 8/31/2025 | $21.12 | 0.63 <br><sup>(d)</sup><br>| 1.67 | 2.30 | &nbsp;&nbsp; (0.56)<br>| &nbsp;&nbsp; (0.81)<br>| &nbsp;&nbsp; (1.37)<br>|
| Year Ended 8/31/2024 | $18.50 | 0.48 | 2.85 | 3.33 | &nbsp;&nbsp; (0.53)<br>| &nbsp;&nbsp; (0.18)<br>| &nbsp;&nbsp; (0.71)<br>|
| Year Ended 8/31/2023 | $16.27 | 0.47 | 2.20 | 2.67 | &nbsp;&nbsp; (0.44)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.44)<br>|
| Year Ended 8/31/2022 | $21.67 | 0.43 <br><sup>(g)</sup><br>| &nbsp;&nbsp; (3.97)<br>| &nbsp;&nbsp; (3.54)<br>| &nbsp;&nbsp; (0.51)<br>| &nbsp;&nbsp; (1.35)<br>| &nbsp;&nbsp; (1.86)<br>|
| Year Ended 8/31/2021 | $17.75 | 0.39 | 4.21 | 4.60 | &nbsp;&nbsp; (0.29)<br>| &nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp; (0.68)<br>|
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | $22.08 | 0.16 | 5.37 | 5.53 | &nbsp;&nbsp; (0.38)<br>| &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (0.85)<br>|
| Year Ended 8/31/2025<sup>(i)</sup> <br>| $21.09 | 0.56 <br><sup>(d)</sup><br>| 1.61 | 2.17 | &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; (0.81)<br>| &nbsp;&nbsp; (1.18)<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%. |
| (d) | Includes income resulting from European Union tax reclaims, net of an IRS closing agreement for European Union tax reclaims, if applicable. The effect of these amounted to: |

---

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

---

| | | |
|:---|:---|:---|
| **Class** | **Net Investment income per share ($)** | **Net Investment income ratio (%)** |
| **Year Ended 8/31/2025** |  |  |
| Class A | 0.08 | 0.39 |
| Institutional Class | 0.08 | 0.39 |
| Institutional 2 Class | 0.08 | 0.39 |
| Institutional 3 Class | 0.08 | 0.39 |
| Class S | 0.07 | 0.39 |

---

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(g) Net investment income per share includes European Union tax reclaims. The effect of these reclaims amounted to $0.01 per share.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Ratios include line of credit interest expense which is less than 0.01%.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Class S shares commenced operations on October 2, 2024. 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 International Dividend Income 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>|
| **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; $26.72 | &nbsp;&nbsp;&nbsp;&nbsp; 25.94% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; 0.76% | &nbsp;&nbsp;&nbsp;&nbsp; 1.53% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; $100821 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $22.05 | &nbsp;&nbsp;&nbsp;&nbsp; 11.98% | &nbsp;&nbsp;&nbsp;&nbsp; 0.84% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.77% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.10% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 13% | &nbsp;&nbsp;&nbsp;&nbsp; $90384 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $21.12 | &nbsp;&nbsp;&nbsp;&nbsp; 18.46% | &nbsp;&nbsp;&nbsp;&nbsp; 0.84% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 2.47% | &nbsp;&nbsp;&nbsp;&nbsp; 39% | &nbsp;&nbsp;&nbsp;&nbsp; $86487 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $18.50 | &nbsp;&nbsp;&nbsp;&nbsp; 16.65% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; 2.65% | &nbsp;&nbsp;&nbsp;&nbsp; 31% | &nbsp;&nbsp;&nbsp;&nbsp; $71437 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $16.27 | &nbsp;&nbsp;&nbsp;&nbsp; (17.63%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.82% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.24% | &nbsp;&nbsp;&nbsp;&nbsp; 34% | &nbsp;&nbsp;&nbsp;&nbsp; $43292 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $21.67 | &nbsp;&nbsp;&nbsp;&nbsp; 26.30% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% <br><sup>(e),(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.81% <br><sup>(e),(h)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.95% | &nbsp;&nbsp;&nbsp;&nbsp; 28% | &nbsp;&nbsp;&nbsp;&nbsp; $42318 |
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $26.76 | &nbsp;&nbsp;&nbsp;&nbsp; 25.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% | &nbsp;&nbsp;&nbsp;&nbsp; 0.93% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.36% | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; $44704 |
|  Year Ended 8/31/2025 <br><sup>(i)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.08 | &nbsp;&nbsp;&nbsp;&nbsp; 11.28% | &nbsp;&nbsp;&nbsp;&nbsp; 1.05% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.96% <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.08% <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 13% | &nbsp;&nbsp;&nbsp;&nbsp; $38764 |

---

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

Columbia International Dividend Income Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia International Dividend Income Fund (the Fund), a series of Columbia Funds Series Trust I (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 S 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 International Dividend Income 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 International Dividend Income 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 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.

Columbia International Dividend Income 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 management services fee is an annual fee that is equal to a percentage of the Fund's daily net assets that declines from 0.77% to 0.57% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.76% 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.

**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 International Dividend Income 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 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 | 0.18 |
| Institutional Class | 0.18 |
| Institutional 2 Class | 0.05 |
| Institutional 3 Class | 0.00 |
| Class S | 0.18 |

---

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 $21,418.

**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 service fee to the Distributor at the maximum annual rate of 0.25% of the average daily net assets attributable to Class A shares of the Fund.

**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; 28472 |

---

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

Columbia International Dividend Income 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; **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;1.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.20 |
| 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;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.95 |
| 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;0.82 | &nbsp;&nbsp;&nbsp;&nbsp;&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 |
| 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;0.77 | &nbsp;&nbsp;&nbsp;&nbsp;&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 |
| Class S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.95 |

---

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. In addition to the contractual agreement, the Investment Manager and certain of its affiliates have voluntarily agreed to waive fees and/or reimburse Fund expenses (excluding certain fees and expenses described above) so that Fund level expenses (expenses directly attributable to the Fund and not to a specific share class) are waived proportionately across all share classes. This arrangement may be revised or discontinued at any time. 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>|
| 440403000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266090000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10564000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255526000 |

---

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

Columbia International Dividend Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 $17,304,280 and $34,063,700, 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.

Columbia International Dividend Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

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 International Dividend Income Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

**Columbia International Dividend Income Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787img462495ea2.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/

SAR154_08_T01_(04/26)

------

![](g469787imgda5abe011.jpg)

Columbia Global Technology 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_46ac3655-5bfa-47e5-bbd3-8e098d0861bd_POI-CommonContent-Date-75_1) | 3 |
| [Statement of Assets and Liabilities](#xx_46ac3655-5bfa-47e5-bbd3-8e098d0861bd_FS-CommonContent-Date-75_1) | 7 |
| [Statement of Operations](#xx_46ac3655-5bfa-47e5-bbd3-8e098d0861bd_FS-CommonContent-Date-75_2) | 8 |
| [Statement of Changes in Net Assets](#xx_46ac3655-5bfa-47e5-bbd3-8e098d0861bd_FS-CommonContent-Date-75_3) | 9 |
| [Financial Highlights](#xx_46ac3655-5bfa-47e5-bbd3-8e098d0861bd_FIHI-CommonContent-Date-75_2) | 12 |
| [Notes to Financial Statements](#xx_46ac3655-5bfa-47e5-bbd3-8e098d0861bd_NTF-CommonContent-Date-75_1) | 16 |

---

Columbia Global Technology 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 98.8%** | **Common Stocks 98.8%** | **Common Stocks 98.8%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Canada 0.8%** | **Canada 0.8%** | **Canada 0.8%** |
| Shopify, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 281369 | &nbsp;&nbsp; 33969679 |
| **China 0.1%** | **China 0.1%** | **China 0.1%** |
| Alibaba Group Holding Ltd., ADR | &nbsp;&nbsp; 15949 | &nbsp;&nbsp; 2298410 |
| **France 0.1%** | **France 0.1%** | **France 0.1%** |
| Dassault Systemes SE | &nbsp;&nbsp; 135343 | &nbsp;&nbsp; 2963844 |
| **Germany 0.0%** | **Germany 0.0%** | **Germany 0.0%** |
| SAP SE, ADR | &nbsp;&nbsp; 11230 | &nbsp;&nbsp; 2263182 |
| **Ireland 0.3%** | **Ireland 0.3%** | **Ireland 0.3%** |
| Seagate Technology Holdings PLC | &nbsp;&nbsp; 32125 | &nbsp;&nbsp; 13101860 |
| **Israel 0.1%** | **Israel 0.1%** | **Israel 0.1%** |
| Wix.com Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 34024 | &nbsp;&nbsp; 2397331 |
| **Japan 0.4%** | **Japan 0.4%** | **Japan 0.4%** |
| Advantest Corp. | &nbsp;&nbsp; 26100 | &nbsp;&nbsp; 4519724 |
| Keyence Corp. | &nbsp;&nbsp; 33400 | &nbsp;&nbsp; 14076488 |
| **Total** | **Total** | &nbsp;&nbsp; **18596212** |
| **Netherlands 3.3%** | **Netherlands 3.3%** | **Netherlands 3.3%** |
| ASML Holding NV | &nbsp;&nbsp; 81618 | &nbsp;&nbsp; 118391806 |
| NXP Semiconductors NV | &nbsp;&nbsp; 126931 | &nbsp;&nbsp; 28814606 |
| **Total** | **Total** | &nbsp;&nbsp; **147206412** |
| **South Korea 1.9%** | **South Korea 1.9%** | **South Korea 1.9%** |
| Samsung Electronics Co., Ltd. | &nbsp;&nbsp; 444334 | &nbsp;&nbsp; 66504063 |
| SK Hynix, Inc. | &nbsp;&nbsp; 27009 | &nbsp;&nbsp; 19970252 |
| **Total** | **Total** | &nbsp;&nbsp; **86474315** |
| **Switzerland 0.5%** | **Switzerland 0.5%** | **Switzerland 0.5%** |
| STMicroelectronics NV, Registered Shares | &nbsp;&nbsp; 136192 | &nbsp;&nbsp; 4577413 |
| TE Connectivity PLC | &nbsp;&nbsp; 82934 | &nbsp;&nbsp; 19087260 |
| **Total** | **Total** | &nbsp;&nbsp; **23664673** |
| **Taiwan 4.2%** | **Taiwan 4.2%** | **Taiwan 4.2%** |
| Taiwan Semiconductor Manufacturing Co., Ltd., <br> ADR<br>| &nbsp;&nbsp; 495121 | &nbsp;&nbsp; 185462424 |
| **United Kingdom 0.2%** | **United Kingdom 0.2%** | **United Kingdom 0.2%** |
| RELX PLC | &nbsp;&nbsp; 280379 | &nbsp;&nbsp; 9794584 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **United States 86.9%** | **United States 86.9%** | **United States 86.9%** |
| Accenture PLC, Class A | &nbsp;&nbsp; 60749 | &nbsp;&nbsp; 12679531 |
| Adobe, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 32609 | &nbsp;&nbsp; 8556928 |
| Advanced Micro Devices, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 119845 | &nbsp;&nbsp; 23994167 |
| Airbnb, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 60504 | &nbsp;&nbsp; 8174695 |
| Akamai Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 49031 | &nbsp;&nbsp; 4824160 |
| Alphabet, Inc., Class A | &nbsp;&nbsp; 620843 | &nbsp;&nbsp; 193554014 |
| Amazon.com, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 577341 | &nbsp;&nbsp; 121241610 |
| Amphenol Corp., Class A | &nbsp;&nbsp; 244830 | &nbsp;&nbsp; 35759870 |
| Analog Devices, Inc. | &nbsp;&nbsp; 143431 | &nbsp;&nbsp; 51031316 |
| Apple, Inc. | &nbsp;&nbsp; 1336013 | &nbsp;&nbsp; 352947914 |
| Applied Materials, Inc. | &nbsp;&nbsp; 277038 | &nbsp;&nbsp; 103141247 |
| AppLovin Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29219 | &nbsp;&nbsp; 12703545 |
| Arista Networks, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 248950 | &nbsp;&nbsp; 33234825 |
| Astera Labs, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 82378 | &nbsp;&nbsp; 9788978 |
| Atlassian Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 68267 | &nbsp;&nbsp; 5128900 |
| Autodesk, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 43502 | &nbsp;&nbsp; 10695837 |
| Automatic Data Processing, Inc. | &nbsp;&nbsp; 9551 | &nbsp;&nbsp; 2047352 |
| BILL Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 130262 | &nbsp;&nbsp; 5797962 |
| Block, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 138111 | &nbsp;&nbsp; 8797671 |
| Booking Holdings, Inc. | &nbsp;&nbsp; 4300 | &nbsp;&nbsp; 18229205 |
| Broadcom, Inc. | &nbsp;&nbsp; 1138079 | &nbsp;&nbsp; 363673144 |
| Cadence Design Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 82629 | &nbsp;&nbsp; 24904381 |
| CDW Corp. | &nbsp;&nbsp; 50391 | &nbsp;&nbsp; 6179952 |
| Ciena Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7343 | &nbsp;&nbsp; 2560504 |
| Cisco Systems, Inc. | &nbsp;&nbsp; 414178 | &nbsp;&nbsp; 32910584 |
| Corning, Inc. | &nbsp;&nbsp; 205353 | &nbsp;&nbsp; 30880984 |
| CoStar Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 98272 | &nbsp;&nbsp; 4385879 |
| Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 117521 | &nbsp;&nbsp; 43715462 |
| Datadog, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 46752 | &nbsp;&nbsp; 5234354 |
| DoorDash, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 42998 | &nbsp;&nbsp; 7587857 |
| Eaton Corp. PLC | &nbsp;&nbsp; 21684 | &nbsp;&nbsp; 8151449 |
| Fidelity National Information Services, Inc. | &nbsp;&nbsp; 81507 | &nbsp;&nbsp; 4153597 |
| Fiserv, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 37238 | &nbsp;&nbsp; 2319555 |
| Global Payments, Inc. | &nbsp;&nbsp; 59194 | &nbsp;&nbsp; 4525973 |
| GoDaddy, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 53813 | &nbsp;&nbsp; 4690341 |
| HubSpot, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 24845 | &nbsp;&nbsp; 6571751 |

---

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

Columbia Global Technology Growth Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Intel Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 454510 | &nbsp;&nbsp; 20730201 |
| International Business Machines Corp. | &nbsp;&nbsp; 58136 | &nbsp;&nbsp; 13964849 |
| Intuit, Inc. | &nbsp;&nbsp; 65684 | &nbsp;&nbsp; 26866727 |
| Keysight Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 36183 | &nbsp;&nbsp; 11120121 |
| KLA Corp. | &nbsp;&nbsp; 13421 | &nbsp;&nbsp; 20460986 |
| Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 66105 | &nbsp;&nbsp; 5696929 |
| Lam Research Corp. | &nbsp;&nbsp; 1190228 | &nbsp;&nbsp; 278382427 |
| Lumentum Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 26036 | &nbsp;&nbsp; 18248893 |
| Marvell Technology, Inc. | &nbsp;&nbsp; 267265 | &nbsp;&nbsp; 21832878 |
| MasterCard, Inc., Class A | &nbsp;&nbsp; 115670 | &nbsp;&nbsp; 59825681 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp; 162185 | &nbsp;&nbsp; 105125073 |
| Microchip Technology, Inc. | &nbsp;&nbsp; 165038 | &nbsp;&nbsp; 12318436 |
| Micron Technology, Inc. | &nbsp;&nbsp; 331593 | &nbsp;&nbsp; 136739005 |
| Microsoft Corp. | &nbsp;&nbsp; 727625 | &nbsp;&nbsp; 285767443 |
| MongoDB, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 39403 | &nbsp;&nbsp; 12942703 |
| Motorola Solutions, Inc. | &nbsp;&nbsp; 55021 | &nbsp;&nbsp; 26534427 |
| NetApp, Inc. | &nbsp;&nbsp; 146540 | &nbsp;&nbsp; 14511856 |
| Netflix, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 525342 | &nbsp;&nbsp; 50558914 |
| NVIDIA Corp. | &nbsp;&nbsp; 3745492 | &nbsp;&nbsp; 663663728 |
| ON Semiconductor Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 80526 | &nbsp;&nbsp; 5353369 |
| Oracle Corp. | &nbsp;&nbsp; 256940 | &nbsp;&nbsp; 37359076 |
| Palantir Technologies, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 135635 | &nbsp;&nbsp; 18607766 |
| Palo Alto Networks, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 44344 | &nbsp;&nbsp; 6603709 |
| Pure Storage, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 62138 | &nbsp;&nbsp; 3990502 |
| QUALCOMM, Inc. | &nbsp;&nbsp; 123515 | &nbsp;&nbsp; 17583595 |
| Reddit, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 94828 | &nbsp;&nbsp; 13826871 |
| Robinhood Markets, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 237659 | &nbsp;&nbsp; 18026435 |
| Roblox Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 118796 | &nbsp;&nbsp; 8156533 |
| Salesforce, Inc. | &nbsp;&nbsp; 88236 | &nbsp;&nbsp; 17187490 |
| Sandisk Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 8733 | &nbsp;&nbsp; 5548599 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| ServiceNow, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 212733 | &nbsp;&nbsp; 22977291 |
| Snowflake, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 83259 | &nbsp;&nbsp; 14021648 |
| Spotify Technology SA<sup>(a)</sup> <br>| &nbsp;&nbsp; 33324 | &nbsp;&nbsp; 17159861 |
| Synopsys, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 146187 | &nbsp;&nbsp; 60521418 |
| Take-Two Interactive Software, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 44542 | &nbsp;&nbsp; 9419742 |
| Tesla, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 28647 | &nbsp;&nbsp; 11530704 |
| Texas Instruments, Inc. | &nbsp;&nbsp; 87180 | &nbsp;&nbsp; 18491750 |
| T-Mobile US, Inc. | &nbsp;&nbsp; 63871 | &nbsp;&nbsp; 13865755 |
| Trade Desk, Inc. (The), Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 110719 | &nbsp;&nbsp; 2637327 |
| Tyler Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16143 | &nbsp;&nbsp; 5725761 |
| Uber Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 355965 | &nbsp;&nbsp; 26846880 |
| VeriSign, Inc. | &nbsp;&nbsp; 25047 | &nbsp;&nbsp; 5709213 |
| Vertiv Holdings Co. | &nbsp;&nbsp; 62918 | &nbsp;&nbsp; 16037169 |
| Visa, Inc., Class A | &nbsp;&nbsp; 226930 | &nbsp;&nbsp; 72649370 |
| Walt Disney Co. (The) | &nbsp;&nbsp; 88854 | &nbsp;&nbsp; 9422078 |
| Western Digital Corp. | &nbsp;&nbsp; 131010 | &nbsp;&nbsp; 36643497 |
| Zscaler, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 39070 | &nbsp;&nbsp; 5742899 |
| **Total** | **Total** | &nbsp;&nbsp; **3861713079** |
| Total Common Stocks <br>(Cost $986,825,943) | Total Common Stocks <br>(Cost $986,825,943) | &nbsp;&nbsp; **4389906005** |
| **Money Market Funds 1.2%** | **Money Market Funds 1.2%** | **Money Market Funds 1.2%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 54432862 | &nbsp;&nbsp; 54421976 |
| Total Money Market Funds <br>(Cost $54,408,076) | Total Money Market Funds <br>(Cost $54,408,076) | &nbsp;&nbsp; **54421976** |
| **Total Investments in Securities** <br>**(Cost $1,041,234,019)** | **Total Investments in Securities** <br>**(Cost $1,041,234,019)** | &nbsp;&nbsp; **4444327981** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **1264469** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$4445592450** |

---

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

Columbia Global Technology 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% |
|  | 59412650 | &nbsp;&nbsp; 234726673 | &nbsp;&nbsp; (239724763)<br>| &nbsp;&nbsp; 7416 | &nbsp;&nbsp; 54421976 | &nbsp;&nbsp; (2003)<br>| &nbsp;&nbsp; 1564361 | &nbsp;&nbsp; 54432862 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

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

Columbia Global Technology Growth 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** |  |  |  |  |
| Common Stocks |  |  |  |  |
| Canada | 33969679 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33969679 |
| China | 2298410 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2298410 |
| France |  | &nbsp;&nbsp;&nbsp;&nbsp; 2963844 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2963844 |
| Germany | 2263182 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2263182 |
| Ireland | 13101860 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13101860 |
| Israel | 2397331 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2397331 |
| Japan |  | &nbsp;&nbsp;&nbsp;&nbsp; 18596212 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18596212 |
| Netherlands | 147206412 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 147206412 |
| South Korea |  | &nbsp;&nbsp;&nbsp;&nbsp; 86474315 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 86474315 |
| Switzerland | 23664673 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23664673 |
| Taiwan | 185462424 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 185462424 |
| United Kingdom |  | &nbsp;&nbsp;&nbsp;&nbsp; 9794584 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9794584 |
| United States | 3861713079 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3861713079 |
| Total Common Stocks | 4272077050 | &nbsp;&nbsp;&nbsp;&nbsp; 117828955 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4389906005 |
| Money Market Funds | 54421976 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 54421976 |
| Total Investments in Securities | 4326499026 | &nbsp;&nbsp;&nbsp;&nbsp; 117828955 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4444327981 |

---

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 Global Technology 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 $986,825,943) | $4389906005 |
| Affiliated issuers (cost $54,408,076) | 54421976 |
| Receivable for: |  |
| Investments sold | 2127232 |
| Capital shares sold | 1765078 |
| Dividends | 1669848 |
| Foreign tax reclaims | 36462 |
| Prepaid expenses | 9091 |
| Deferred compensation of board members | 183392 |
| Other assets | 19978 |
| Total assets | 4450139062 |
| **Liabilities** |  |
| Payable for: |  |
| Investments purchased | 5922 |
| Capital shares redeemed | 3863350 |
| Management services fees | 96737 |
| Distribution and/or service fees | 12464 |
| Transfer agent fees | 236274 |
| Compensation of chief compliance officer | 351 |
| Compensation of board members | 4406 |
| Other expenses | 49649 |
| Deferred compensation of board members | 277459 |
| Total liabilities | 4546612 |
| **Net assets applicable to outstanding capital stock** | **$4445592450** |
| **Represented by** |  |
| Paid in capital | 1008429248 |
| Total distributable earnings (loss) | 3437163202 |
| **Total - representing net assets applicable to outstanding capital stock** | **$4445592450** |
| **Class A** |  |
| Net assets | $1053025443 |
| Shares outstanding | 10137633 |
| Net asset value per share | $103.87 |
| 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) | $110.21 |
| **Class C** |  |
| Net assets | $185616154 |
| Shares outstanding | 2137161 |
| Net asset value per share | $86.85 |
| **Institutional Class** |  |
| Net assets | $1921537063 |
| Shares outstanding | 17391545 |
| Net asset value per share | $110.49 |
| **Institutional 2 Class** |  |
| Net assets | $356865900 |
| Shares outstanding | 3145440 |
| Net asset value per share | $113.46 |
| **Institutional 3 Class** |  |
| Net assets | $848779484 |
| Shares outstanding | 7437627 |
| Net asset value per share | $114.12 |
| **Class S** |  |
| Net assets | $79768406 |
| Shares outstanding | 721967 |
| Net asset value per share | $110.49 |

---

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

Columbia Global Technology 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 | $10793150 |
| Dividends — affiliated issuers | 1564361 |
| Foreign taxes withheld | (324915)<br>|
| Total income | 12032596 |
| Expenses: |  |
| Management services fees | 17456538 |
| Distribution and/or service fees |  |
| Class A | 1338964 |
| Class C | 976733 |
| Transfer agent fees |  |
| Class A | 522357 |
| Class C | 95275 |
| Institutional Class | 921946 |
| Institutional 2 Class | 93645 |
| Institutional 3 Class | 16927 |
| Class S | 40101 |
| Custodian fees | 17804 |
| Printing and postage fees | 57598 |
| Registration fees | 86445 |
| Accounting services fees | 16248 |
| Legal fees | 41984 |
| Compensation of chief compliance officer | 351 |
| Compensation of board members | 28024 |
| Deferred compensation of board members | 15307 |
| Other | 31645 |
| Total expenses | 21757892 |
| Expense reduction | (240)<br>|
| Total net expenses | 21757652 |
| **Net investment loss** | (9725056)<br>|
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 77851186 |
| Investments — affiliated issuers | (2003)<br>|
| Foreign currency translations | 216015 |
| Net realized gain | 78065198 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 284294868 |
| Investments — affiliated issuers | 7416 |
| Foreign currency translations | (2608)<br>|
| Net change in unrealized appreciation (depreciation) | 284299676 |
| Net realized and unrealized gain | 362364874 |
| **Net increase in net assets resulting from operations** | **$352639818** |

---

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

Columbia Global Technology 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 | $(9725056)<br>| &nbsp;&nbsp; $(13394841)<br>|
| Net realized gain | 78065198 | &nbsp;&nbsp; 132389672 |
| Net change in unrealized appreciation (depreciation) | 284299676 | &nbsp;&nbsp; 656083284 |
| Net increase in net assets resulting from operations | 352639818 | &nbsp;&nbsp; 775078115 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (34272615)<br>| &nbsp;&nbsp; (9657542)<br>|
| Class C | (7396702)<br>| &nbsp;&nbsp; (2498787)<br>|
| Institutional Class | (58620783)<br>| &nbsp;&nbsp; (15270914)<br>|
| Institutional 2 Class | (10241640)<br>| &nbsp;&nbsp; (2968316)<br>|
| Institutional 3 Class | (25498481)<br>| &nbsp;&nbsp; (6869383)<br>|
| Class S | (2466095)<br>| &nbsp;&nbsp; (764595)<br>|
| Total distributions to shareholders | (138496316)<br>| &nbsp;&nbsp; (38029537)<br>|
| Increase (decrease) in net assets from capital stock activity | 158821194 | &nbsp;&nbsp; (95343956)<br>|
| Total increase in net assets | 372964696 | &nbsp;&nbsp; 641704622 |
| Net assets at beginning of period | 4072627754 | &nbsp;&nbsp; 3430923132 |
| **Net assets at end of period** | **$4445592450** | &nbsp;&nbsp; **$4072627754** |

---

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

Columbia Global Technology 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 | 575371 | &nbsp;&nbsp;&nbsp;&nbsp; 60775386 | &nbsp;&nbsp;&nbsp;&nbsp; 1497384 | &nbsp;&nbsp;&nbsp;&nbsp; 129286328 |
| Distributions reinvested | 305411 | &nbsp;&nbsp;&nbsp;&nbsp; 31243542 | &nbsp;&nbsp;&nbsp;&nbsp; 97575 | &nbsp;&nbsp;&nbsp;&nbsp; 8793416 |
| Shares redeemed | (983810)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (104270140)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1783289)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (151323232)<br>|
| Net decrease | (103028)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (12251212)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (188330)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (13243488)<br>|
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 101584 | &nbsp;&nbsp;&nbsp;&nbsp; 9125608 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1994262)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (184342344)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1892678)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (175216736)<br>|
| Class C |  |  |  |  |
| Shares sold | 148054 | &nbsp;&nbsp;&nbsp;&nbsp; 13197241 | &nbsp;&nbsp;&nbsp;&nbsp; 329946 | &nbsp;&nbsp;&nbsp;&nbsp; 24102813 |
| Distributions reinvested | 84182 | &nbsp;&nbsp;&nbsp;&nbsp; 7211023 | &nbsp;&nbsp;&nbsp;&nbsp; 31689 | &nbsp;&nbsp;&nbsp;&nbsp; 2424555 |
| Shares redeemed | (386325)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (34233893)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (827502)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (60326977)<br>|
| Net decrease | (154089)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (13825629)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (465867)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (33799609)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 2605867 | &nbsp;&nbsp;&nbsp;&nbsp; 298589054 | &nbsp;&nbsp;&nbsp;&nbsp; 4672601 | &nbsp;&nbsp;&nbsp;&nbsp; 423837122 |
| Distributions reinvested | 483854 | &nbsp;&nbsp;&nbsp;&nbsp; 52619114 | &nbsp;&nbsp;&nbsp;&nbsp; 142904 | &nbsp;&nbsp;&nbsp;&nbsp; 13631640 |
| Shares redeemed | (1579394)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (177496394)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4216306)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (373502990)<br>|
| Net increase | 1510327 | &nbsp;&nbsp;&nbsp;&nbsp; 173711774 | &nbsp;&nbsp;&nbsp;&nbsp; 599199 | &nbsp;&nbsp;&nbsp;&nbsp; 63965772 |
| Institutional 2 Class |  |  |  |  |
| Shares sold | 469741 | &nbsp;&nbsp;&nbsp;&nbsp; 54164754 | &nbsp;&nbsp;&nbsp;&nbsp; 687591 | &nbsp;&nbsp;&nbsp;&nbsp; 63818207 |
| Distributions reinvested | 91620 | &nbsp;&nbsp;&nbsp;&nbsp; 10231250 | &nbsp;&nbsp;&nbsp;&nbsp; 30318 | &nbsp;&nbsp;&nbsp;&nbsp; 2965409 |
| Shares redeemed | (520261)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (61183839)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (784072)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (70589072)<br>|
| Net increase (decrease) | 41100 | &nbsp;&nbsp;&nbsp;&nbsp; 3212165 | &nbsp;&nbsp;&nbsp;&nbsp; (66163)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3805456)<br>|
| Institutional 3 Class |  |  |  |  |
| Shares sold | 709202 | &nbsp;&nbsp;&nbsp;&nbsp; 83652388 | &nbsp;&nbsp;&nbsp;&nbsp; 1451563 | &nbsp;&nbsp;&nbsp;&nbsp; 137256121 |
| Distributions reinvested | 174539 | &nbsp;&nbsp;&nbsp;&nbsp; 19602481 | &nbsp;&nbsp;&nbsp;&nbsp; 52774 | &nbsp;&nbsp;&nbsp;&nbsp; 5188246 |
| Shares redeemed | (787982)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (91417356)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1519798)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (141442428)<br>|
| Net increase (decrease) | 95759 | &nbsp;&nbsp;&nbsp;&nbsp; 11837513 | &nbsp;&nbsp;&nbsp;&nbsp; (15461)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1001939 |
| Class S |  |  |  |  |
| Shares sold | 3175 | &nbsp;&nbsp;&nbsp;&nbsp; 357632 | &nbsp;&nbsp;&nbsp;&nbsp; 852469 | &nbsp;&nbsp;&nbsp;&nbsp; 74503476 |
| Distributions reinvested | 22675 | &nbsp;&nbsp;&nbsp;&nbsp; 2466095 | &nbsp;&nbsp;&nbsp;&nbsp; 8016 | &nbsp;&nbsp;&nbsp;&nbsp; 764595 |
| Shares redeemed | (59493)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6687144)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (104875)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (9514449)<br>|
| Net increase (decrease) | (33643)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3863417)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 755610 | &nbsp;&nbsp;&nbsp;&nbsp; 65753622 |
| **Total net increase (decrease)** | **1356426** | &nbsp;&nbsp;&nbsp;&nbsp; **158821194** | &nbsp;&nbsp;&nbsp;&nbsp; **(1273690)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(95343956)**<br>|

---

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

Columbia Global Technology Growth Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

Columbia Global Technology 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. 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) | $98.80 | &nbsp;&nbsp; (0.32)<br>| 8.82 | 8.50 | &nbsp;&nbsp; (3.43)<br>| &nbsp;&nbsp; (3.43)<br>|
| Year Ended 8/31/2025 | $80.90 | &nbsp;&nbsp; (0.46)<br>| 19.29 | 18.83 | &nbsp;&nbsp; (0.93)<br>| &nbsp;&nbsp; (0.93)<br>|
| Year Ended 8/31/2024 | $62.21 | &nbsp;&nbsp; (0.33)<br>| 20.59 | 20.26 | &nbsp;&nbsp; (1.57)<br>| &nbsp;&nbsp; (1.57)<br>|
| Year Ended 8/31/2023 | $49.88 | &nbsp;&nbsp; (0.18)<br>| 14.05 | 13.87 | &nbsp;&nbsp; (1.54)<br>| &nbsp;&nbsp; (1.54)<br>|
| Year Ended 8/31/2022 | $68.96 | &nbsp;&nbsp; (0.31)<br>| &nbsp;&nbsp; (15.91)<br>| &nbsp;&nbsp; (16.22)<br>| &nbsp;&nbsp; (2.86)<br>| &nbsp;&nbsp; (2.86)<br>|
| Year Ended 8/31/2021 | $52.81 | &nbsp;&nbsp; (0.34)<br>| 17.02 | 16.68 | &nbsp;&nbsp; (0.53)<br>| &nbsp;&nbsp; (0.53)<br>|
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | $83.44 | &nbsp;&nbsp; (0.60)<br>| 7.44 | 6.84 | &nbsp;&nbsp; (3.43)<br>| &nbsp;&nbsp; (3.43)<br>|
| Year Ended 8/31/2025 | $68.96 | &nbsp;&nbsp; (0.93)<br>| 16.34 | 15.41 | &nbsp;&nbsp; (0.93)<br>| &nbsp;&nbsp; (0.93)<br>|
| Year Ended 8/31/2024 | $53.63 | &nbsp;&nbsp; (0.74)<br>| 17.64 | 16.90 | &nbsp;&nbsp; (1.57)<br>| &nbsp;&nbsp; (1.57)<br>|
| Year Ended 8/31/2023 | $43.55 | &nbsp;&nbsp; (0.49)<br>| 12.11 | 11.62 | &nbsp;&nbsp; (1.54)<br>| &nbsp;&nbsp; (1.54)<br>|
| Year Ended 8/31/2022 | $60.51 | &nbsp;&nbsp; (0.67)<br>| &nbsp;&nbsp; (13.93)<br>| &nbsp;&nbsp; (14.60)<br>| &nbsp;&nbsp; (2.36)<br>| &nbsp;&nbsp; (2.36)<br>|
| Year Ended 8/31/2021 | $46.75 | &nbsp;&nbsp; (0.69)<br>| 14.98 | 14.29 | &nbsp;&nbsp; (0.53)<br>| &nbsp;&nbsp; (0.53)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $104.76 | &nbsp;&nbsp; (0.20)<br>| 9.36 | 9.16 | &nbsp;&nbsp; (3.43)<br>| &nbsp;&nbsp; (3.43)<br>|
| Year Ended 8/31/2025 | $85.51 | &nbsp;&nbsp; (0.26)<br>| 20.44 | 20.18 | &nbsp;&nbsp; (0.93)<br>| &nbsp;&nbsp; (0.93)<br>|
| Year Ended 8/31/2024 | $65.51 | &nbsp;&nbsp; (0.16)<br>| 21.73 | 21.57 | &nbsp;&nbsp; (1.57)<br>| &nbsp;&nbsp; (1.57)<br>|
| Year Ended 8/31/2023 | $52.31 | &nbsp;&nbsp; (0.06)<br>| 14.80 | 14.74 | &nbsp;&nbsp; (1.54)<br>| &nbsp;&nbsp; (1.54)<br>|
| Year Ended 8/31/2022 | $72.17 | &nbsp;&nbsp; (0.17)<br>| &nbsp;&nbsp; (16.66)<br>| &nbsp;&nbsp; (16.83)<br>| &nbsp;&nbsp; (3.03)<br>| &nbsp;&nbsp; (3.03)<br>|
| Year Ended 8/31/2021 | $55.18 | &nbsp;&nbsp; (0.20)<br>| 17.79 | 17.59 | &nbsp;&nbsp; (0.60)<br>| &nbsp;&nbsp; (0.60)<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) | $107.46 | &nbsp;&nbsp; (0.18)<br>| 9.61 | 9.43 | &nbsp;&nbsp; (3.43)<br>| &nbsp;&nbsp; (3.43)<br>|
| Year Ended 8/31/2025 | $87.66 | &nbsp;&nbsp; (0.22)<br>| 20.95 | 20.73 | &nbsp;&nbsp; (0.93)<br>| &nbsp;&nbsp; (0.93)<br>|
| Year Ended 8/31/2024 | $67.08 | &nbsp;&nbsp; (0.13)<br>| 22.28 | 22.15 | &nbsp;&nbsp; (1.57)<br>| &nbsp;&nbsp; (1.57)<br>|
| Year Ended 8/31/2023 | $53.50 | &nbsp;&nbsp; (0.03)<br>| 15.15 | 15.12 | &nbsp;&nbsp; (1.54)<br>| &nbsp;&nbsp; (1.54)<br>|
| Year Ended 8/31/2022 | $73.74 | &nbsp;&nbsp; (0.14)<br>| &nbsp;&nbsp; (17.03)<br>| &nbsp;&nbsp; (17.17)<br>| &nbsp;&nbsp; (3.07)<br>| &nbsp;&nbsp; (3.07)<br>|
| Year Ended 8/31/2021 | $56.36 | &nbsp;&nbsp; (0.17)<br>| 18.18 | 18.01 | &nbsp;&nbsp; (0.63)<br>| &nbsp;&nbsp; (0.63)<br>|

---

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

Columbia Global Technology 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)</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; $103.87 | &nbsp;&nbsp;&nbsp;&nbsp; 8.66% | &nbsp;&nbsp;&nbsp;&nbsp; 1.14% | &nbsp;&nbsp;&nbsp;&nbsp; 1.14% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.60%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; $1053025 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $98.80 | &nbsp;&nbsp;&nbsp;&nbsp; 23.39% | &nbsp;&nbsp;&nbsp;&nbsp; 1.16% | &nbsp;&nbsp;&nbsp;&nbsp; 1.16% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.53%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; $1011762 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $80.90 | &nbsp;&nbsp;&nbsp;&nbsp; 33.13% | &nbsp;&nbsp;&nbsp;&nbsp; 1.17% | &nbsp;&nbsp;&nbsp;&nbsp; 1.17% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.47%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $843653 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $62.21 | &nbsp;&nbsp;&nbsp;&nbsp; 28.98% | &nbsp;&nbsp;&nbsp;&nbsp; 1.19% | &nbsp;&nbsp;&nbsp;&nbsp; 1.19% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.35%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $625054 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $49.88 | &nbsp;&nbsp;&nbsp;&nbsp; (24.57%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.18% | &nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.52%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; $521027 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $68.96 | &nbsp;&nbsp;&nbsp;&nbsp; 31.80% | &nbsp;&nbsp;&nbsp;&nbsp; 1.18% | &nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.57%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18% | &nbsp;&nbsp;&nbsp;&nbsp; $733206 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $86.85 | &nbsp;&nbsp;&nbsp;&nbsp; 8.26% | &nbsp;&nbsp;&nbsp;&nbsp; 1.89% | &nbsp;&nbsp;&nbsp;&nbsp; 1.89% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.35%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; $185616 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $83.44 | &nbsp;&nbsp;&nbsp;&nbsp; 22.47% | &nbsp;&nbsp;&nbsp;&nbsp; 1.91% | &nbsp;&nbsp;&nbsp;&nbsp; 1.91% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.28%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; $191185 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $68.96 | &nbsp;&nbsp;&nbsp;&nbsp; 32.15% | &nbsp;&nbsp;&nbsp;&nbsp; 1.92% | &nbsp;&nbsp;&nbsp;&nbsp; 1.92% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.22%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $190130 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $53.63 | &nbsp;&nbsp;&nbsp;&nbsp; 28.00% | &nbsp;&nbsp;&nbsp;&nbsp; 1.94% | &nbsp;&nbsp;&nbsp;&nbsp; 1.94% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.10%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $162520 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $43.55 | &nbsp;&nbsp;&nbsp;&nbsp; (25.12%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.92% | &nbsp;&nbsp;&nbsp;&nbsp; 1.92% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.27%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; $152317 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $60.51 | &nbsp;&nbsp;&nbsp;&nbsp; 30.80% | &nbsp;&nbsp;&nbsp;&nbsp; 1.93% | &nbsp;&nbsp;&nbsp;&nbsp; 1.93% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (1.32%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18% | &nbsp;&nbsp;&nbsp;&nbsp; $242186 |
| **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; $110.49 | &nbsp;&nbsp;&nbsp;&nbsp; 8.80% | &nbsp;&nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp;&nbsp; 0.90% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.35%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; $1921537 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $104.76 | &nbsp;&nbsp;&nbsp;&nbsp; 23.71% | &nbsp;&nbsp;&nbsp;&nbsp; 0.91% | &nbsp;&nbsp;&nbsp;&nbsp; 0.91% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.28%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; $1663671 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $85.51 | &nbsp;&nbsp;&nbsp;&nbsp; 33.47% | &nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.22%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $1306801 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $65.51 | &nbsp;&nbsp;&nbsp;&nbsp; 29.30% | &nbsp;&nbsp;&nbsp;&nbsp; 0.94% | &nbsp;&nbsp;&nbsp;&nbsp; 0.94% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.10%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $955376 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $52.31 | &nbsp;&nbsp;&nbsp;&nbsp; (24.38%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.27%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; $813076 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $72.17 | &nbsp;&nbsp;&nbsp;&nbsp; 32.11% | &nbsp;&nbsp;&nbsp;&nbsp; 0.93% | &nbsp;&nbsp;&nbsp;&nbsp; 0.93% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.32%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18% | &nbsp;&nbsp;&nbsp;&nbsp; $1418896 |
| **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; $113.46 | &nbsp;&nbsp;&nbsp;&nbsp; 8.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp;&nbsp;&nbsp; 0.85% | &nbsp;&nbsp;&nbsp;&nbsp; (0.31%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; $356866 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $107.46 | &nbsp;&nbsp;&nbsp;&nbsp; 23.76% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; (0.23%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; $333596 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $87.66 | &nbsp;&nbsp;&nbsp;&nbsp; 33.55% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; (0.17%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $277911 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $67.08 | &nbsp;&nbsp;&nbsp;&nbsp; 29.36% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; (0.05%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $193554 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $53.50 | &nbsp;&nbsp;&nbsp;&nbsp; (24.33%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; (0.22%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; $152756 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $73.74 | &nbsp;&nbsp;&nbsp;&nbsp; 32.20% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; 0.87% | &nbsp;&nbsp;&nbsp;&nbsp; (0.26%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18% | &nbsp;&nbsp;&nbsp;&nbsp; $237884 |

---

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

Columbia Global Technology Growth 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>**(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>|
| **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) | $108.05 | &nbsp;&nbsp; (0.15)<br>| 9.65 | 9.50 | &nbsp;&nbsp; (3.43)<br>| &nbsp;&nbsp; (3.43)<br>|
| Year Ended 8/31/2025 | $88.09 | &nbsp;&nbsp; (0.17)<br>| 21.06 | 20.89 | &nbsp;&nbsp; (0.93)<br>| &nbsp;&nbsp; (0.93)<br>|
| Year Ended 8/31/2024 | $67.37 | &nbsp;&nbsp; (0.09)<br>| 22.38 | 22.29 | &nbsp;&nbsp; (1.57)<br>| &nbsp;&nbsp; (1.57)<br>|
| Year Ended 8/31/2023 | $53.70 | 0.00 | 15.21 | 15.21 | &nbsp;&nbsp; (1.54)<br>| &nbsp;&nbsp; (1.54)<br>|
| Year Ended 8/31/2022 | $74.00 | &nbsp;&nbsp; (0.11)<br>| &nbsp;&nbsp; (17.09)<br>| &nbsp;&nbsp; (17.20)<br>| &nbsp;&nbsp; (3.10)<br>| &nbsp;&nbsp; (3.10)<br>|
| Year Ended 8/31/2021 | $56.55 | &nbsp;&nbsp; (0.14)<br>| 18.25 | 18.11 | &nbsp;&nbsp; (0.66)<br>| &nbsp;&nbsp; (0.66)<br>|
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | $104.76 | &nbsp;&nbsp; (0.20)<br>| 9.36 | 9.16 | &nbsp;&nbsp; (3.43)<br>| &nbsp;&nbsp; (3.43)<br>|
| Year Ended 8/31/2025<sup>(d)</sup> <br>| $85.90 | &nbsp;&nbsp; (0.26)<br>| 20.05 | 19.79 | &nbsp;&nbsp; (0.93)<br>| &nbsp;&nbsp; (0.93)<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%. |
| (d) | Class S shares commenced operations on October 2, 2024. 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 Global Technology 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)</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>|
| **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; $114.12 | &nbsp;&nbsp;&nbsp;&nbsp; 8.84% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80% | &nbsp;&nbsp;&nbsp;&nbsp; (0.26%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; $848779 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $108.05 | &nbsp;&nbsp;&nbsp;&nbsp; 23.82% | &nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp;&nbsp;&nbsp; (0.18%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; $793259 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $88.09 | &nbsp;&nbsp;&nbsp;&nbsp; 33.61% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; (0.12%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $648071 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $67.37 | &nbsp;&nbsp;&nbsp;&nbsp; 29.42% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.83% | &nbsp;&nbsp;&nbsp;&nbsp; 0.00% | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; $443760 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $53.70 | &nbsp;&nbsp;&nbsp;&nbsp; (24.29%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; (0.16%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; $435424 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $74.00 | &nbsp;&nbsp;&nbsp;&nbsp; 32.27% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; 0.82% | &nbsp;&nbsp;&nbsp;&nbsp; (0.21%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18% | &nbsp;&nbsp;&nbsp;&nbsp; $446103 |
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $110.49 | &nbsp;&nbsp;&nbsp;&nbsp; 8.80% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% | &nbsp;&nbsp;&nbsp;&nbsp; 0.89% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.35%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; $79768 |
|  Year Ended 8/31/2025 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $104.76 | &nbsp;&nbsp;&nbsp;&nbsp; 23.15% | &nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp;&nbsp;&nbsp; 0.92% | &nbsp;&nbsp;&nbsp;&nbsp; (0.31%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; $79156 |

---

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

Columbia Global Technology Growth Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Global Technology Growth Fund (the Fund), a series of Columbia Funds Series Trust I (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 and Class C shares are offered to the general public for investment. Class C shares automatically convert to Class A shares after 8 years. Institutional Class, Institutional 2 Class, Institutional 3 Class and Class S 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 Global Technology Growth 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 Global Technology Growth 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 Global Technology Growth 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 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 0.75% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.78% 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.

**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.

Columbia Global Technology Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 |
| Class C | 0.10 |
| Institutional Class | 0.10 |
| Institutional 2 Class | 0.05 |
| Institutional 3 Class | 0.00 |
| Class S | 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 $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. The Board of Trustees has approved, and the Fund has adopted, distribution and shareholder service plans (the Plans) applicable to certain share classes, which set 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 Plans, the Fund pays a monthly service fee to the Distributor at the maximum annual rate of 0.25% of the average daily net assets attributable to Class A and Class C shares of the Fund. Also under the Plans, the Fund pays a monthly distribution fee to the Distributor at the maximum annual rates of 0.10% and 0.75% of the average daily net assets attributable to Class A and Class C shares of the Fund, respectively.

Although the Fund may pay distribution and service fees up to a maximum annual rate of 0.35% of the Fund's average daily net assets attributable to Class A shares (comprised of up to 0.10% for distribution services and up to 0.25% for shareholder services), the Fund currently limits such fees to an aggregate fee of not more than 0.25% of the Fund's average daily net assets attributable to Class A shares.

**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; 452820 |
| Class C | —<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.00 <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4898 |

---

&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.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This charge applies to redemptions within 12 months after purchase, with certain limited exceptions.

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

Columbia Global Technology 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;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.25 |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00 |
| 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;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 |
| 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;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.95 |
| 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;0.90 | &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;0.91 |
| Class S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 |

---

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>|
| 1041234000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3463203000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (60109000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3403094000 |

---

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

Under current tax rules, regulated investment companies can elect to treat certain late-year ordinary losses incurred and post-October capital losses (capital losses realized after October 31) as arising on the first day of the following taxable year. The Fund will elect to treat the following late-year ordinary losses and post-October capital losses at August 31, 2025 as arising on September 1, 2025.

---

| | |
|:---|:---|
| **Late year** <br>**ordinary losses ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Post-October** <br>**capital losses ($)**<br>|
| 9588093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |

---

Columbia Global Technology Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 $238,992,384 and $223,569,618, 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.

Columbia Global Technology Growth Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

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 Global Technology Growth Fund \| 2026

------

**Columbia Global Technology Growth Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787imgbd4bc0602.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/

SAR234_08_T01_(04/26)

------

![](g469787imgac5644c41.jpg)

Overseas SMA Completion Portfolio

**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_2b510d84-42ce-45cd-8bbc-e370c04a1edc_POI-CommonContent-Date-837_1) | 3 |
| [Statement of Assets and Liabilities](#xx_2b510d84-42ce-45cd-8bbc-e370c04a1edc_FS-CommonContent-Date-837_1) | 7 |
| [Statement of Operations](#xx_2b510d84-42ce-45cd-8bbc-e370c04a1edc_FS-CommonContent-Date-837_2) | 8 |
| [Statement of Changes in Net Assets](#xx_2b510d84-42ce-45cd-8bbc-e370c04a1edc_FS-CommonContent-Date-837_3) | 9 |
| [Financial Highlights](#xx_2b510d84-42ce-45cd-8bbc-e370c04a1edc_FIHI-CommonContent-Date-837_1) | 10 |
| [Notes to Financial Statements](#xx_2b510d84-42ce-45cd-8bbc-e370c04a1edc_NTF-CommonContent-Date-837_1) | 11 |

---

Overseas SMA Completion Portfolio \| 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 93.2%** | **Common Stocks 93.2%** | **Common Stocks 93.2%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Australia 5.0%** | **Australia 5.0%** | **Australia 5.0%** |
| Northern Star Resources Ltd. | &nbsp;&nbsp; 41803 | &nbsp;&nbsp; 916312 |
| **Canada 2.0%** | **Canada 2.0%** | **Canada 2.0%** |
| Finning International, Inc. | &nbsp;&nbsp; 5466 | &nbsp;&nbsp; 368501 |
| **France 1.7%** | **France 1.7%** | **France 1.7%** |
| Eiffage SA | &nbsp;&nbsp; 1818 | &nbsp;&nbsp; 313501 |
| **Germany 2.8%** | **Germany 2.8%** | **Germany 2.8%** |
| Duerr AG | &nbsp;&nbsp; 6843 | &nbsp;&nbsp; 196733 |
| KION Group AG | &nbsp;&nbsp; 4685 | &nbsp;&nbsp; 317965 |
| **Total** | **Total** | &nbsp;&nbsp; **514698** |
| **Greece 4.6%** | **Greece 4.6%** | **Greece 4.6%** |
| Piraeus Bank SA<sup>(a)</sup> <br>| &nbsp;&nbsp; 86879 | &nbsp;&nbsp; 833569 |
| **Hong Kong 2.7%** | **Hong Kong 2.7%** | **Hong Kong 2.7%** |
| BOC Hong Kong Holdings Ltd. | &nbsp;&nbsp; 61500 | &nbsp;&nbsp; 351765 |
| WH Group Ltd. | &nbsp;&nbsp; 108802 | &nbsp;&nbsp; 136848 |
| **Total** | **Total** | &nbsp;&nbsp; **488613** |
| **Ireland 2.5%** | **Ireland 2.5%** | **Ireland 2.5%** |
| Bank of Ireland Group PLC | &nbsp;&nbsp; 23667 | &nbsp;&nbsp; 460827 |
| **Italy 7.8%** | **Italy 7.8%** | **Italy 7.8%** |
| BPER Banca SPA | &nbsp;&nbsp; 59595 | &nbsp;&nbsp; 839332 |
| Buzzi SpA | &nbsp;&nbsp; 4869 | &nbsp;&nbsp; 280715 |
| PRADA SpA | &nbsp;&nbsp; 53000 | &nbsp;&nbsp; 300452 |
| **Total** | **Total** | &nbsp;&nbsp; **1420499** |
| **Japan 37.2%** | **Japan 37.2%** | **Japan 37.2%** |
| Daiwabo Holdings Co., Ltd. | &nbsp;&nbsp; 20800 | &nbsp;&nbsp; 425564 |
| Iyogin Holdings, Inc. | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 433481 |
| Kinden Corp. | &nbsp;&nbsp; 4000 | &nbsp;&nbsp; 216874 |
| Macnica Holdings, Inc. | &nbsp;&nbsp; 21100 | &nbsp;&nbsp; 372912 |
| MatsukiyoCocokara & Co. | &nbsp;&nbsp; 25200 | &nbsp;&nbsp; 417781 |
| Mebuki Financial Group, Inc. | &nbsp;&nbsp; 88000 | &nbsp;&nbsp; 754786 |
| Medipal Holdings Corp. | &nbsp;&nbsp; 17500 | &nbsp;&nbsp; 342940 |
| Nippon Television Holdings, Inc. | &nbsp;&nbsp; 17000 | &nbsp;&nbsp; 370043 |
| Sankyo Co., Ltd. | &nbsp;&nbsp; 36100 | &nbsp;&nbsp; 508903 |
| Sanwa Holdings Corp. | &nbsp;&nbsp; 7400 | &nbsp;&nbsp; 195837 |
| SCREEN Holdings Co., Ltd. | &nbsp;&nbsp; 1600 | &nbsp;&nbsp; 233244 |
| Shimamura Co., Ltd. | &nbsp;&nbsp; 21800 | &nbsp;&nbsp; 501379 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Ship Healthcare Holdings, Inc. | &nbsp;&nbsp; 9600 | &nbsp;&nbsp; 169178 |
| Sundrug Co., Ltd. | &nbsp;&nbsp; 5300 | &nbsp;&nbsp; 143288 |
| Tokyo Tatemono Co., Ltd. | &nbsp;&nbsp; 22100 | &nbsp;&nbsp; 618335 |
| TOPPAN Holdings, Inc. | &nbsp;&nbsp; 12600 | &nbsp;&nbsp; 431610 |
| Toyota Tsusho Corp. | &nbsp;&nbsp; 11100 | &nbsp;&nbsp; 496177 |
| TV Asahi Holdings Corp. | &nbsp;&nbsp; 7200 | &nbsp;&nbsp; 155865 |
| **Total** | **Total** | &nbsp;&nbsp; **6788197** |
| **Jersey 2.2%** | **Jersey 2.2%** | **Jersey 2.2%** |
| Yellow Cake PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 46416 | &nbsp;&nbsp; 397212 |
| **Netherlands 2.5%** | **Netherlands 2.5%** | **Netherlands 2.5%** |
| ASR Nederland NV | &nbsp;&nbsp; 6380 | &nbsp;&nbsp; 463589 |
| **Norway 2.6%** | **Norway 2.6%** | **Norway 2.6%** |
| Leroy Seafood Group ASA | &nbsp;&nbsp; 92127 | &nbsp;&nbsp; 480821 |
| **Poland 2.5%** | **Poland 2.5%** | **Poland 2.5%** |
| Powszechna Kasa Oszczednosci Bank Polski SA | &nbsp;&nbsp; 17301 | &nbsp;&nbsp; 448246 |
| **Singapore 2.5%** | **Singapore 2.5%** | **Singapore 2.5%** |
| Venture Corp., Ltd. | &nbsp;&nbsp; 36800 | &nbsp;&nbsp; 454395 |
| **South Africa 0.9%** | **South Africa 0.9%** | **South Africa 0.9%** |
| Thungela Resources Ltd. | &nbsp;&nbsp; 22526 | &nbsp;&nbsp; 157107 |
| **South Korea 1.6%** | **South Korea 1.6%** | **South Korea 1.6%** |
| Youngone Corp. | &nbsp;&nbsp; 4412 | &nbsp;&nbsp; 296220 |
| **Spain 0.7%** | **Spain 0.7%** | **Spain 0.7%** |
| Endesa SA | &nbsp;&nbsp; 3001 | &nbsp;&nbsp; 122429 |
| **Turkey 0.5%** | **Turkey 0.5%** | **Turkey 0.5%** |
| Akbank T.A.S. | &nbsp;&nbsp; 45534 | &nbsp;&nbsp; 93625 |
| **United Arab Emirates 4.4%** | **United Arab Emirates 4.4%** | **United Arab Emirates 4.4%** |
| Emaar Properties PJSC | &nbsp;&nbsp; 179453 | &nbsp;&nbsp; 792001 |
| **United Kingdom 6.5%** | **United Kingdom 6.5%** | **United Kingdom 6.5%** |
| Centrica PLC | &nbsp;&nbsp; 154243 | &nbsp;&nbsp; 413640 |
| JD Sports Fashion PLC | &nbsp;&nbsp; 250007 | &nbsp;&nbsp; 275414 |
| TP Icap Group PLC | &nbsp;&nbsp; 144752 | &nbsp;&nbsp; 494165 |
| **Total** | **Total** | &nbsp;&nbsp; **1183219** |
| Total Common Stocks <br>(Cost $13,583,866) | Total Common Stocks <br>(Cost $13,583,866) | &nbsp;&nbsp; **16993581** |

---

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

Overseas SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **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>(b),(c)</sup> <br>| &nbsp;&nbsp; 1058084 | &nbsp;&nbsp; 1057872 |
| Total Money Market Funds <br>(Cost $1,057,766) | Total Money Market Funds <br>(Cost $1,057,766) | &nbsp;&nbsp; **1057872** |
| **Total Investments in Securities** <br>**(Cost $14,641,632)** | **Total Investments in Securities** <br>**(Cost $14,641,632)** | &nbsp;&nbsp; **18051453** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **188610** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$18240063** |

---

At February 28, 2026, securities and/or cash totaling $23,058 were pledged as collateral.

**Investments in derivatives** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| MSCI EAFE Index | 5 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 791275 | &nbsp;&nbsp;&nbsp;&nbsp; 18939 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

**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% |
|  | 30001 | &nbsp;&nbsp; 7562764 | &nbsp;&nbsp; (6534999)<br>| &nbsp;&nbsp; 106 | &nbsp;&nbsp; 1057872 | &nbsp;&nbsp; 238 | &nbsp;&nbsp; 10016 | &nbsp;&nbsp; 1058084 |

---

**Currency Legend** 

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

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

Overseas SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

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; 916312 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 916312 |
| Canada | 368501 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 368501 |
| France |  | &nbsp;&nbsp;&nbsp;&nbsp; 313501 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 313501 |
| Germany |  | &nbsp;&nbsp;&nbsp;&nbsp; 514698 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 514698 |
| Greece | 833569 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 833569 |
| Hong Kong | 136848 | &nbsp;&nbsp;&nbsp;&nbsp; 351765 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 488613 |
| Ireland |  | &nbsp;&nbsp;&nbsp;&nbsp; 460827 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 460827 |
| Italy |  | &nbsp;&nbsp;&nbsp;&nbsp; 1420499 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1420499 |
| Japan | 561069 | &nbsp;&nbsp;&nbsp;&nbsp; 6227128 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6788197 |
| Jersey |  | &nbsp;&nbsp;&nbsp;&nbsp; 397212 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 397212 |
| Netherlands |  | &nbsp;&nbsp;&nbsp;&nbsp; 463589 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 463589 |
| Norway |  | &nbsp;&nbsp;&nbsp;&nbsp; 480821 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 480821 |
| Poland |  | &nbsp;&nbsp;&nbsp;&nbsp; 448246 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 448246 |
| Singapore |  | &nbsp;&nbsp;&nbsp;&nbsp; 454395 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 454395 |
| South Africa | 157107 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 157107 |
| South Korea |  | &nbsp;&nbsp;&nbsp;&nbsp; 296220 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 296220 |
| Spain |  | &nbsp;&nbsp;&nbsp;&nbsp; 122429 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 122429 |
| Turkey |  | &nbsp;&nbsp;&nbsp;&nbsp; 93625 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 93625 |
| United Arab Emirates |  | &nbsp;&nbsp;&nbsp;&nbsp; 792001 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 792001 |
| United Kingdom |  | &nbsp;&nbsp;&nbsp;&nbsp; 1183219 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1183219 |
| Total Common Stocks | 2057094 | &nbsp;&nbsp;&nbsp;&nbsp; 14936487 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16993581 |
| Money Market Funds | 1057872 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1057872 |
| Total Investments in Securities | 3114966 | &nbsp;&nbsp;&nbsp;&nbsp; 14936487 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18051453 |
| **Investments in Derivatives** |  |  |  |  |
| Asset |  |  |  |  |
| Futures Contracts | 18939 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18939 |
| Total | 3133905 | &nbsp;&nbsp;&nbsp;&nbsp; 14936487 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18070392 |

---

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.

Overseas SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

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.

Derivative instruments are valued at unrealized appreciation (depreciation).

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

Overseas SMA Completion Portfolio \| 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 $13,583,866) | $16993581 |
| Affiliated issuers (cost $1,057,766) | 1057872 |
| Margin deposits on: |  |
| Futures contracts | 23058 |
| Receivable for: |  |
| Capital shares sold | 194854 |
| Dividends | 15299 |
| Foreign tax reclaims | 6972 |
| Expense reimbursement due from Investment Manager | 355 |
| Prepaid expenses | 1116 |
| Deferred compensation of board members | 12484 |
| Other assets | 44 |
| Total assets | 18305635 |
| **Liabilities** |  |
| Payable for: |  |
| Capital shares redeemed | 2307 |
| Variation margin for futures contracts | 2025 |
| Transfer agent fees | 3 |
| Compensation of chief compliance officer | 1 |
| Accounting services fees | 13421 |
| State registration fees | 6769 |
| Compensation of board members | 947 |
| Other expenses | 2320 |
| Deferred compensation of board members | 37779 |
| Total liabilities | 65572 |
| **Net assets applicable to outstanding capital stock** | **$18240063** |
| **Represented by** |  |
| Paid in capital | 15003215 |
| Total distributable earnings (loss) | 3236848 |
| **Total - representing net assets applicable to outstanding capital stock** | **$18240063** |
| Shares outstanding | 909226 |
| Net asset value per share | 20.06 |

---

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

Overseas SMA Completion Portfolio \| 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 | $97393 |
| Dividends — affiliated issuers | 10016 |
| Foreign taxes withheld | (7507)<br>|
| Total income | 99902 |
| Expenses: |  |
| Transfer agent fees | 258 |
| Custodian fees | 8131 |
| Printing and postage fees | 4828 |
| Registration fees | 15672 |
| Accounting services fees | 16586 |
| Legal fees | 9122 |
| Compensation of chief compliance officer | 1 |
| Compensation of board members | 5533 |
| Deferred compensation of board members | 3718 |
| Other | 2260 |
| Total expenses | 66109 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (66109)<br>|
| Total net expenses |  |
| **Net investment income** | 99902 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 431178 |
| Investments — affiliated issuers | 238 |
| Foreign currency translations | (893)<br>|
| Futures contracts | 20291 |
| Net realized gain | 450814 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 1429186 |
| Investments — affiliated issuers | 106 |
| Foreign currency translations | (25)<br>|
| Futures contracts | 18939 |
| Net change in unrealized appreciation (depreciation) | 1448206 |
| Net realized and unrealized gain | 1899020 |
| **Net increase in net assets resulting from operations** | **$1998922** |

---

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

Overseas SMA Completion Portfolio \| 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 | $99902 | &nbsp;&nbsp; $216544 |
| Net realized gain | 450814 | &nbsp;&nbsp; 402331 |
| Net change in unrealized appreciation (depreciation) | 1448206 | &nbsp;&nbsp; 1128407 |
| Net increase in net assets resulting from operations | 1998922 | &nbsp;&nbsp; 1747282 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains | (330186)<br>| &nbsp;&nbsp; (288144)<br>|
| Total distributions to shareholders | (330186)<br>| &nbsp;&nbsp; (288144)<br>|
| Increase in net assets from capital stock activity | 8017527 | &nbsp;&nbsp; 1229199 |
| Total increase in net assets | 9686263 | &nbsp;&nbsp; 2688337 |
| Net assets at beginning of period | 8553800 | &nbsp;&nbsp; 5865463 |
| **Net assets at end of period** | **$18240063** | &nbsp;&nbsp; **$8553800** |

---

&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** |
| Shares sold | 491019 | &nbsp;&nbsp;&nbsp;&nbsp; 9307855 | &nbsp;&nbsp;&nbsp;&nbsp; 242582 | &nbsp;&nbsp;&nbsp;&nbsp; 3782407 |
| Distributions reinvested | 17984 | &nbsp;&nbsp;&nbsp;&nbsp; 330186 | &nbsp;&nbsp;&nbsp;&nbsp; 22182 | &nbsp;&nbsp;&nbsp;&nbsp; 288144 |
| Shares redeemed | (87728)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1620514)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (193552)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2841352)<br>|
| **Total net increase** | **421275** | &nbsp;&nbsp;&nbsp;&nbsp; **8017527** | &nbsp;&nbsp;&nbsp;&nbsp; **71212** | &nbsp;&nbsp;&nbsp;&nbsp; **1229199** |

---

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

Overseas SMA Completion Portfolio \| 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 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%.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** |
|  | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Per share data** |  |  |  |  |  |  |
| Net asset value, beginning of period | $17.53 | &nbsp;&nbsp;&nbsp; $14.07 | &nbsp;&nbsp;&nbsp; $12.42 | &nbsp;&nbsp;&nbsp; $11.05 | &nbsp;&nbsp;&nbsp; $15.65 | &nbsp;&nbsp;&nbsp; $12.14 |
| **Income from investment operations:** |  |  |  |  |  |  |
| Net investment income | 0.16 | &nbsp;&nbsp;&nbsp;&nbsp;0.54 | &nbsp;&nbsp;&nbsp;&nbsp;0.52 | &nbsp;&nbsp;&nbsp;&nbsp;0.51 | &nbsp;&nbsp;&nbsp;&nbsp;0.45 | &nbsp;&nbsp;&nbsp;&nbsp;0.41 |
| Net realized and unrealized gain (loss) | 2.90 | &nbsp;&nbsp;&nbsp;&nbsp;3.75 | &nbsp;&nbsp;&nbsp;&nbsp;1.85 | &nbsp;&nbsp;&nbsp;&nbsp;1.31 | &nbsp;&nbsp;&nbsp; (4.10)<br>| &nbsp;&nbsp;&nbsp;&nbsp;3.30 |
| Total from investment operations | 3.06 | &nbsp;&nbsp;&nbsp;&nbsp;4.29 | &nbsp;&nbsp;&nbsp;&nbsp;2.37 | &nbsp;&nbsp;&nbsp;&nbsp;1.82 | &nbsp;&nbsp;&nbsp; (3.65)<br>| &nbsp;&nbsp;&nbsp;&nbsp;3.71 |
| **Less distributions to shareholders from:** |  |  |  |  |  |  |
| Net investment income | (0.53)<br>| &nbsp;&nbsp;&nbsp; (0.83)<br>| &nbsp;&nbsp;&nbsp; (0.72)<br>| &nbsp;&nbsp;&nbsp; (0.45)<br>| &nbsp;&nbsp;&nbsp; (0.51)<br>| &nbsp;&nbsp;&nbsp; (0.19)<br>|
| Net realized gains |  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.44)<br>| &nbsp;&nbsp;&nbsp; (0.01)<br>|
| Total distributions to shareholders | (0.53)<br>| &nbsp;&nbsp;&nbsp; (0.83)<br>| &nbsp;&nbsp;&nbsp; (0.72)<br>| &nbsp;&nbsp;&nbsp; (0.45)<br>| &nbsp;&nbsp;&nbsp; (0.95)<br>| &nbsp;&nbsp;&nbsp; (0.20)<br>|
| Net asset value, end of period | $20.06 | &nbsp;&nbsp;&nbsp; $17.53 | &nbsp;&nbsp;&nbsp; $14.07 | &nbsp;&nbsp;&nbsp; $12.42 | &nbsp;&nbsp;&nbsp; $11.05 | &nbsp;&nbsp;&nbsp; $15.65 |
| Total return | 17.72<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 32.51<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 19.83<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 16.82<br> %<br>| &nbsp;&nbsp;&nbsp; (24.44<br> %)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 30.77<br> %<br>|
| **Ratios to average net assets** |  |  |  |  |  |  |
| Total gross expenses<sup>(a)</sup> <br>| 1.15<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.17 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.35 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.15 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.60 %<sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.73<br> %<br>|
| Total net expenses<sup>(a),(e)</sup> <br>| 0.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00 %<sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00<br> %<br>|
| Net investment income | 1.74<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.72<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.11<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.29<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.39<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.81<br> %<br>|
| **Supplemental data** |  |  |  |  |  |  |
| Portfolio turnover | 17<br> %<br>| &nbsp;&nbsp;&nbsp; 55<br> %<br>| &nbsp;&nbsp;&nbsp; 51<br> %<br>| &nbsp;&nbsp;&nbsp; 33<br> %<br>| &nbsp;&nbsp;&nbsp; 53<br> %<br>| &nbsp;&nbsp;&nbsp; 33<br> %<br>|
| Net assets, end of period (in thousands) | $18240 | &nbsp;&nbsp;&nbsp; $8554 | &nbsp;&nbsp;&nbsp; $5865 | &nbsp;&nbsp;&nbsp; $6705 | &nbsp;&nbsp;&nbsp; $4923 | &nbsp;&nbsp;&nbsp; $8022 |

---

&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) | 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** |
| No Class | —% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; —% | less than 0.01% | &nbsp;&nbsp; —% | &nbsp;&nbsp; —% |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(c) 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** | **8/31/2024** | **8/31/2022** |
| No Class | 0.01% | less than 0.01% |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) Ratios include interest on collateral expense which is less than 0.01%.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.

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

Overseas SMA Completion Portfolio \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Overseas SMA Completion Portfolio (the Fund), a series of Columbia Funds Series Trust I (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). Shares of the Fund may only be purchased and held by or on behalf of separately managed account (SMA) clients.

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 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.

Overseas SMA Completion Portfolio \| 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.

**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 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

Overseas SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

**Futures contracts**

Futures contracts are exchange-traded and represent commitments for the future purchase or sale of an asset at a specified price on a specified date. The Fund bought and sold futures contracts to manage its exposure to the securities markets or to movements in interest rates and currency values. A Fund invests in futures contracts as part of its primary investment strategy and/or to equitize its cash flows. Investments in futures contracts may increase or decrease exposure to a particular market. These instruments may be used for other purposes in future periods. Upon entering into futures contracts, the Fund bears risks that it may not achieve the anticipated benefits of the futures contracts and may realize a loss. Additional risks include counterparty credit risk, the possibility of an illiquid market, and that a change in the value of the contract or option may not correlate with changes in the value of the underlying asset.

Overseas SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Upon entering into a futures contract, the Fund deposits cash or securities with the broker, known as a futures commission merchant (FCM), in an amount sufficient to meet the initial margin requirement. The initial margin deposit must be maintained at an established level over the life of the contract. Cash deposited as initial margin is recorded in the Statement of Assets and Liabilities as margin deposits. Securities deposited as initial margin are designated in the Portfolio of Investments. Subsequent payments (variation margin) are made or received by the Fund each day. The variation margin payments are equal to the daily change in the contract value and are recorded as variation margin receivable or payable and are offset in unrealized gains or losses. The Fund generally expects to earn interest income on its margin deposits. The Fund recognizes a realized gain or loss when the contract is closed or expires. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed 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:

---

| | | |
|:---|:---|:---|
|  | **Asset derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 18,939<br> \*<br>|

---

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

\* Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day's variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of Assets and Liabilities.

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** | **Futures** <br>**contracts** <br>**($)**<br>|
| Equity risk | &nbsp;&nbsp; 20291 |
| **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** |
| **Risk exposure category** | **Futures** <br>**contracts** <br>**($)**<br>|
| Equity risk | &nbsp;&nbsp; 18939 |

---

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 notional** <br>**amounts ($)**<br>|
| Futures contracts — long | 308743 |

---

**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.

Overseas SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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.

**Determination of net asset value** 

The net asset value per share of the Fund is computed by dividing the value of the net assets of the Fund by the total number of outstanding shares of the Fund, rounded to the nearest cent, at the close of regular trading (ordinarily 4:00 p.m. Eastern Time) every day the New York Stock Exchange is open.

**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.

Overseas SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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 does not pay a management fee to Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). However, Fund shares may only be purchased and held by or on behalf of SMAs where the Investment Manager has an agreement with the SMA program sponsor (the Program Sponsor), or directly with the SMA client, to provide investment management services to the Program Sponsor or the SMA. SMAs pay a fee directly, or indirectly through Program Sponsors, to the Investment Manager for providing investment management services to the Program Sponsor or the SMA, including on assets that may be invested in the Fund.

**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.

Overseas SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

For the six months ended February 28, 2026, the Fund's annualized effective transfer agency fee rate as a percentage of average daily net assets was 0.00%.

**Distribution and service fees**

The Fund has 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 Fund does not pay the Distributor a fee for the distribution services it provides to the Fund.

**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), through December 31, 2026, 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 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 annual rate of 0.00% of the Fund's average daily net assets.

Under the agreement governing this fee waiver and/or expense reimbursement arrangement, 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), 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, 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>|
| 14642000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3526000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (98000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3428000 |

---

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 ($)** |
| (365389)<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;&nbsp;&nbsp; (52225)<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;&nbsp;&nbsp; (417614)<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.

Overseas SMA Completion Portfolio \| 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 $8,610,984 and $1,964,663, 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.

Overseas SMA Completion Portfolio \| 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 86.0% 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

Overseas SMA Completion Portfolio \| 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.

Overseas SMA Completion Portfolio \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

**Overseas SMA Completion Portfolio** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787imgc844d5182.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/investment-products/managed-accounts/. 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/investment-products/managed-accounts/

SAR307_08_T01_(04/26)

------

![](g469787imgef8481841.jpg)

Multisector Bond SMA Completion Portfolio

**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_c0b12496-e4ef-4216-a3ce-cad668ba861d_POI-CommonContent-Date-838_1) | 3 |
| [Statement of Assets and Liabilities](#xx_c0b12496-e4ef-4216-a3ce-cad668ba861d_FS-CommonContent-Date-838_1) | 17 |
| [Statement of Operations](#xx_c0b12496-e4ef-4216-a3ce-cad668ba861d_FS-CommonContent-Date-838_2) | 18 |
| [Statement of Changes in Net Assets](#xx_c0b12496-e4ef-4216-a3ce-cad668ba861d_FS-CommonContent-Date-838_3) | 19 |
| [Financial Highlights](#xx_c0b12496-e4ef-4216-a3ce-cad668ba861d_FIHI-CommonContent-Date-838_1) | 20 |
| [Notes to Financial Statements](#xx_c0b12496-e4ef-4216-a3ce-cad668ba861d_NTF-CommonContent-Date-838_1) | 21 |

---

Multisector Bond SMA Completion Portfolio \| 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;

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency 15.2%** | **Asset-Backed Securities - Non-Agency 15.2%** | **Asset-Backed Securities - Non-Agency 15.2%** | **Asset-Backed Securities - Non-Agency 15.2%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Affirm Master Trust<sup>(a)</sup>  | Affirm Master Trust<sup>(a)</sup>  | Affirm Master Trust<sup>(a)</sup>  | Affirm Master Trust<sup>(a)</sup>  |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 02/15/2033 | &nbsp;&nbsp; 4.990% | 969000 | &nbsp;&nbsp; 976207 |
| Carlyle US CLO Ltd.<sup>(a),(b)</sup>  | Carlyle US CLO Ltd.<sup>(a),(b)</sup>  | Carlyle US CLO Ltd.<sup>(a),(b)</sup>  | Carlyle US CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2023-3A Class A1R | Series 2023-3A Class A1R | Series 2023-3A Class A1R | Series 2023-3A Class A1R |
| 3-month Term SOFR + 1.230% <br>Floor 1.230% <br>10/15/2038<br>| &nbsp;&nbsp; 5.135% | 2000000 | &nbsp;&nbsp; 2003988 |
| Carvana Auto Receivables Trust<sup>(a)</sup>  | Carvana Auto Receivables Trust<sup>(a)</sup>  | Carvana Auto Receivables Trust<sup>(a)</sup>  | Carvana Auto Receivables Trust<sup>(a)</sup>  |
| Series 2024-N2 Class A3 | Series 2024-N2 Class A3 | Series 2024-N2 Class A3 | Series 2024-N2 Class A3 |
| 07/10/2028 | &nbsp;&nbsp; 5.710% | 297545 | &nbsp;&nbsp; 298391 |
| Cayuga Park CLO Ltd.<sup>(a),(b)</sup>  | Cayuga Park CLO Ltd.<sup>(a),(b)</sup>  | Cayuga Park CLO Ltd.<sup>(a),(b)</sup>  | Cayuga Park CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2020-1A Class AR2 | Series 2020-1A Class AR2 | Series 2020-1A Class AR2 | Series 2020-1A Class AR2 |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>10/17/2038<br>| &nbsp;&nbsp; 4.868% | 2000000 | &nbsp;&nbsp; 1997634 |
| Greenacre Park CLO LLC<sup>(a),(b)</sup>  | Greenacre Park CLO LLC<sup>(a),(b)</sup>  | Greenacre Park CLO LLC<sup>(a),(b)</sup>  | Greenacre Park CLO LLC<sup>(a),(b)</sup>  |
| Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>07/20/2038<br>| &nbsp;&nbsp; 5.368% | 880000 | &nbsp;&nbsp; 882905 |
| GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  |
| Series 2024-2 Class A4 | Series 2024-2 Class A4 | Series 2024-2 Class A4 | Series 2024-2 Class A4 |
| 10/27/2059 | &nbsp;&nbsp; 5.150% | 216055 | &nbsp;&nbsp; 220430 |
| Madison Park Funding XLII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLII Ltd.<sup>(a),(b)</sup>  |
| Series 2013A Class BR2 | Series 2013A Class BR2 | Series 2013A Class BR2 | Series 2013A Class BR2 |
| 3-month Term SOFR + 1.300% <br>11/21/2030<br>| &nbsp;&nbsp; 5.160% | 700000 | &nbsp;&nbsp; 700395 |
| Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  |
| Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 |
| 10/15/2032 | &nbsp;&nbsp; 4.961% | 422396 | &nbsp;&nbsp; 424832 |
| Series 2025-R3 Class A | Series 2025-R3 Class A | Series 2025-R3 Class A | Series 2025-R3 Class A |
| 01/18/2033 | &nbsp;&nbsp; 4.841% | 724947 | &nbsp;&nbsp; 725693 |
| Series 2026-1 Class B | Series 2026-1 Class B | Series 2026-1 Class B | Series 2026-1 Class B |
| 09/15/2033 | &nbsp;&nbsp; 5.370% | 1460000 | &nbsp;&nbsp; 1470446 |
| Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  |
| Series 2025-4 Class A2 | Series 2025-4 Class A2 | Series 2025-4 Class A2 | Series 2025-4 Class A2 |
| 01/17/2033 | &nbsp;&nbsp; 5.373% | 999964 | &nbsp;&nbsp; 1007962 |
| Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  | Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  | Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  | Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  |
| Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A |
| 01/20/2034 | &nbsp;&nbsp; 5.715% | 800000 | &nbsp;&nbsp; 804704 |
| Rockland Park CLO Ltd.<sup>(a),(b)</sup>  | Rockland Park CLO Ltd.<sup>(a),(b)</sup>  | Rockland Park CLO Ltd.<sup>(a),(b)</sup>  | Rockland Park CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-1A Class BR | Series 2021-1A Class BR | Series 2021-1A Class BR | Series 2021-1A Class BR |
| 3-month Term SOFR + 1.650% <br>Floor 1.650% <br>07/20/2038<br>| &nbsp;&nbsp; 5.318% | 1000000 | &nbsp;&nbsp; 1004275 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust |
| Series 2024-3 Class A3 | Series 2024-3 Class A3 | Series 2024-3 Class A3 | Series 2024-3 Class A3 |
| 01/16/2029 | &nbsp;&nbsp; 5.630% | 197919 | &nbsp;&nbsp; 198501 |
| SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  |
| Series 2024-A Class A4 | Series 2024-A Class A4 | Series 2024-A Class A4 | Series 2024-A Class A4 |
| 01/22/2029 | &nbsp;&nbsp; 5.240% | 500000 | &nbsp;&nbsp; 501165 |
| SoFi Consumer Loan Program Trust<sup>(a)</sup>  | SoFi Consumer Loan Program Trust<sup>(a)</sup>  | SoFi Consumer Loan Program Trust<sup>(a)</sup>  | SoFi Consumer Loan Program Trust<sup>(a)</sup>  |
| Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A |
| 02/27/2034 | &nbsp;&nbsp; 4.800% | 72896 | &nbsp;&nbsp; 73123 |
| Truist Bank Auto Credit-Linked Notes<sup>(a)</sup>  | Truist Bank Auto Credit-Linked Notes<sup>(a)</sup>  | Truist Bank Auto Credit-Linked Notes<sup>(a)</sup>  | Truist Bank Auto Credit-Linked Notes<sup>(a)</sup>  |
| Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B |
| 09/26/2033 | &nbsp;&nbsp; 4.728% | 774108 | &nbsp;&nbsp; 777740 |
| Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  |
| Series 2025-ST4 Class A | Series 2025-ST4 Class A | Series 2025-ST4 Class A | Series 2025-ST4 Class A |
| 08/16/2032 | &nbsp;&nbsp; 5.495% | 749185 | &nbsp;&nbsp; 754872 |
| Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  |
| Series 2025-ST8 Class A | Series 2025-ST8 Class A | Series 2025-ST8 Class A | Series 2025-ST8 Class A |
| 12/15/2033 | &nbsp;&nbsp; 4.618% | 637180 | &nbsp;&nbsp; 638491 |
| Total Asset-Backed Securities — Non-Agency <br>(Cost $15,424,415) | Total Asset-Backed Securities — Non-Agency <br>(Cost $15,424,415) | Total Asset-Backed Securities — Non-Agency <br>(Cost $15,424,415) | &nbsp;&nbsp; **15461754** |
| **Corporate Bonds & Notes 0.8%** | **Corporate Bonds & Notes 0.8%** | **Corporate Bonds & Notes 0.8%** | **Corporate Bonds & Notes 0.8%** |
| **Banking 0.2%** | **Banking 0.2%** | **Banking 0.2%** | **Banking 0.2%** |
| Bank of America Corp.<sup>(c)</sup>  | Bank of America Corp.<sup>(c)</sup>  | Bank of America Corp.<sup>(c)</sup>  | Bank of America Corp.<sup>(c)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 5.819% | 130000 | &nbsp;&nbsp; 135563 |
| **Midstream 0.6%** | **Midstream 0.6%** | **Midstream 0.6%** | **Midstream 0.6%** |
| Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  |
| 03/31/2036 | &nbsp;&nbsp; 2.625% | 700000 | &nbsp;&nbsp; 622118 |
| Total Corporate Bonds & Notes <br>(Cost $753,064) | Total Corporate Bonds & Notes <br>(Cost $753,064) | Total Corporate Bonds & Notes <br>(Cost $753,064) | &nbsp;&nbsp; **757681** |
| **Foreign Government Obligations**<sup>(d),(e)</sup> **19.2%** | **Foreign Government Obligations**<sup>(d),(e)</sup> **19.2%** | **Foreign Government Obligations**<sup>(d),(e)</sup> **19.2%** | **Foreign Government Obligations**<sup>(d),(e)</sup> **19.2%** |
| **Angola 0.8%** | **Angola 0.8%** | **Angola 0.8%** | **Angola 0.8%** |
| Angolan Government International Bond<sup>(a)</sup>  | Angolan Government International Bond<sup>(a)</sup>  | Angolan Government International Bond<sup>(a)</sup>  | Angolan Government International Bond<sup>(a)</sup>  |
| 04/14/2032 | &nbsp;&nbsp; 8.750% | 200000 | &nbsp;&nbsp; 195967 |
| 10/15/2035 | &nbsp;&nbsp; 9.875% | 400000 | &nbsp;&nbsp; 408147 |
| 05/08/2048 | &nbsp;&nbsp; 9.375% | 200000 | &nbsp;&nbsp; 180188 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **784302** |
| **Brazil 0.4%** | **Brazil 0.4%** | **Brazil 0.4%** | **Brazil 0.4%** |
| Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond |
| 01/07/2041 | &nbsp;&nbsp; 5.625% | 200000 | &nbsp;&nbsp; 187578 |
| 01/12/2056 | &nbsp;&nbsp; 7.250% | 200000 | &nbsp;&nbsp; 203066 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **390644** |

---

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

Multisector Bond SMA Completion Portfolio \| 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 0.7%** | **Chile 0.7%** | **Chile 0.7%** | **Chile 0.7%** | **Chile 0.7%** |
| Chile Government International Bond | Chile Government International Bond | Chile Government International Bond | Chile Government International Bond | Chile Government International Bond |
| 05/07/2041 | &nbsp;&nbsp; 3.100% |  | 500000 | &nbsp;&nbsp; 394804 |
| Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  |
| 01/26/2036 | &nbsp;&nbsp; 6.440% |  | 200000 | &nbsp;&nbsp; 218710 |
| 01/30/2050 | &nbsp;&nbsp; 3.700% |  | 200000 | &nbsp;&nbsp; 145638 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **759152** |
| **Colombia 1.3%** | **Colombia 1.3%** | **Colombia 1.3%** | **Colombia 1.3%** | **Colombia 1.3%** |
| 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% |  | 200000 | &nbsp;&nbsp; 179993 |
| 02/02/2034 | &nbsp;&nbsp; 7.500% |  | 800000 | &nbsp;&nbsp; 831645 |
| 09/18/2037 | &nbsp;&nbsp; 7.375% |  | 200000 | &nbsp;&nbsp; 203463 |
| 05/15/2049 | &nbsp;&nbsp; 5.200% |  | 200000 | &nbsp;&nbsp; 147359 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1362460** |
| **Dominican Republic 0.9%** | **Dominican Republic 0.9%** | **Dominican Republic 0.9%** | **Dominican Republic 0.9%** | **Dominican Republic 0.9%** |
| Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  |
| 04/30/2044 | &nbsp;&nbsp; 7.450% |  | 600000 | &nbsp;&nbsp; 665480 |
| 01/27/2045 | &nbsp;&nbsp; 6.850% |  | 200000 | &nbsp;&nbsp; 209146 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **874626** |
| **Egypt 1.3%** | **Egypt 1.3%** | **Egypt 1.3%** | **Egypt 1.3%** | **Egypt 1.3%** |
| Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  |
| 04/16/2030 | &nbsp;&nbsp; 5.625% | EUR | 200000 | &nbsp;&nbsp; 233075 |
| 01/31/2047 | &nbsp;&nbsp; 8.500% |  | 200000 | &nbsp;&nbsp; 191258 |
| 02/16/2061 | &nbsp;&nbsp; 7.500% |  | 1100000 | &nbsp;&nbsp; 935765 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1360098** |
| **Ghana 0.4%** | **Ghana 0.4%** | **Ghana 0.4%** | **Ghana 0.4%** | **Ghana 0.4%** |
| Ghana Government International Bond<sup>(a),(c)</sup>  | Ghana Government International Bond<sup>(a),(c)</sup>  | Ghana Government International Bond<sup>(a),(c)</sup>  | Ghana Government International Bond<sup>(a),(c)</sup>  | Ghana Government International Bond<sup>(a),(c)</sup>  |
| 07/03/2035 | &nbsp;&nbsp; 5.000% |  | 400000 | &nbsp;&nbsp; 362073 |
| **Guatemala 0.8%** | **Guatemala 0.8%** | **Guatemala 0.8%** | **Guatemala 0.8%** | **Guatemala 0.8%** |
| Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  |
| 08/06/2031 | &nbsp;&nbsp; 6.050% |  | 200000 | &nbsp;&nbsp; 209951 |
| 08/15/2036 | &nbsp;&nbsp; 6.250% |  | 600000 | &nbsp;&nbsp; 635525 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **845476** |
| **Hungary 0.6%** | **Hungary 0.6%** | **Hungary 0.6%** | **Hungary 0.6%** | **Hungary 0.6%** |
| Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  |
| 09/22/2032 | &nbsp;&nbsp; 6.250% |  | 400000 | &nbsp;&nbsp; 429816 |
| 09/23/2055 | &nbsp;&nbsp; 6.750% |  | 200000 | &nbsp;&nbsp; 214569 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **644385** |
| **India 0.4%** | **India 0.4%** | **India 0.4%** | **India 0.4%** | **India 0.4%** |
| Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 3.250% |  | 200000 | &nbsp;&nbsp; 193781 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 ($)**<br>| **Value ($)** |
| Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  |
| 02/10/2031 | &nbsp;&nbsp; 2.800% |  | 200000 | &nbsp;&nbsp; 186346 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **380127** |
| **Indonesia 0.2%** | **Indonesia 0.2%** | **Indonesia 0.2%** | **Indonesia 0.2%** | **Indonesia 0.2%** |
| PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  |
| 02/09/2031 | &nbsp;&nbsp; 2.300% |  | 200000 | &nbsp;&nbsp; 179785 |
| **Ivory Coast 1.3%** | **Ivory Coast 1.3%** | **Ivory Coast 1.3%** | **Ivory Coast 1.3%** | **Ivory Coast 1.3%** |
| Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  |
| 01/30/2032 | &nbsp;&nbsp; 4.875% | EUR | 200000 | &nbsp;&nbsp; 231487 |
| 06/15/2033 | &nbsp;&nbsp; 6.125% |  | 600000 | &nbsp;&nbsp; 594859 |
| 01/30/2037 | &nbsp;&nbsp; 8.250% |  | 500000 | &nbsp;&nbsp; 545270 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1371616** |
| **Kazakhstan 0.2%** | **Kazakhstan 0.2%** | **Kazakhstan 0.2%** | **Kazakhstan 0.2%** | **Kazakhstan 0.2%** |
| KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  |
| 04/24/2030 | &nbsp;&nbsp; 5.375% |  | 200000 | &nbsp;&nbsp; 205684 |
| **Malaysia 0.2%** | **Malaysia 0.2%** | **Malaysia 0.2%** | **Malaysia 0.2%** | **Malaysia 0.2%** |
| Petronas Capital Ltd.<sup>(a)</sup>  | Petronas Capital Ltd.<sup>(a)</sup>  | Petronas Capital Ltd.<sup>(a)</sup>  | Petronas Capital Ltd.<sup>(a)</sup>  | Petronas Capital Ltd.<sup>(a)</sup>  |
| 04/03/2055 | &nbsp;&nbsp; 5.848% |  | 200000 | &nbsp;&nbsp; 213198 |
| **Mexico 2.9%** | **Mexico 2.9%** | **Mexico 2.9%** | **Mexico 2.9%** | **Mexico 2.9%** |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 03/22/2033 | &nbsp;&nbsp; 5.375% |  | 600000 | &nbsp;&nbsp; 601489 |
| 05/07/2036 | &nbsp;&nbsp; 6.000% |  | 200000 | &nbsp;&nbsp; 205261 |
| 01/29/2038 | &nbsp;&nbsp; 6.625% |  | 200000 | &nbsp;&nbsp; 211294 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| 01/28/2031 | &nbsp;&nbsp; 5.950% |  | 268000 | &nbsp;&nbsp; 262390 |
| 06/15/2035 | &nbsp;&nbsp; 6.625% |  | 891000 | &nbsp;&nbsp; 852484 |
| 02/12/2048 | &nbsp;&nbsp; 6.350% |  | 200000 | &nbsp;&nbsp; 160449 |
| 01/23/2050 | &nbsp;&nbsp; 7.690% |  | 750000 | &nbsp;&nbsp; 682511 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2975878** |
| **Nigeria 0.4%** | **Nigeria 0.4%** | **Nigeria 0.4%** | **Nigeria 0.4%** | **Nigeria 0.4%** |
| Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  |
| 11/28/2047 | &nbsp;&nbsp; 7.625% |  | 400000 | &nbsp;&nbsp; 378749 |
| **Oman 0.2%** | **Oman 0.2%** | **Oman 0.2%** | **Oman 0.2%** | **Oman 0.2%** |
| Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  |
| 01/17/2048 | &nbsp;&nbsp; 6.750% |  | 200000 | &nbsp;&nbsp; 220524 |
| **Panama 0.2%** | **Panama 0.2%** | **Panama 0.2%** | **Panama 0.2%** | **Panama 0.2%** |
| Panama Government International Bond | Panama Government International Bond | Panama Government International Bond | Panama Government International Bond | Panama Government International Bond |
| 01/19/2033 | &nbsp;&nbsp; 3.298% |  | 200000 | &nbsp;&nbsp; 179035 |
| **Paraguay 0.2%** | **Paraguay 0.2%** | **Paraguay 0.2%** | **Paraguay 0.2%** | **Paraguay 0.2%** |
| Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  |
| 08/11/2044 | &nbsp;&nbsp; 6.100% |  | 200000 | &nbsp;&nbsp; 208071 |

---

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

Multisector Bond SMA Completion Portfolio \| 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 ($)**<br>| **Value ($)** |
| **Romania 1.4%** | **Romania 1.4%** | **Romania 1.4%** | **Romania 1.4%** | **Romania 1.4%** |
| Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  |
| 02/14/2031 | &nbsp;&nbsp; 3.000% |  | 200000 | &nbsp;&nbsp; 184115 |
| 06/15/2048 | &nbsp;&nbsp; 5.125% |  | 1200000 | &nbsp;&nbsp; 1037720 |
| 01/28/2050 | &nbsp;&nbsp; 3.375% | EUR | 200000 | &nbsp;&nbsp; 160216 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1382051** |
| **Saudi Arabia 0.7%** | **Saudi Arabia 0.7%** | **Saudi Arabia 0.7%** | **Saudi Arabia 0.7%** | **Saudi Arabia 0.7%** |
| Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  |
| 11/24/2030 | &nbsp;&nbsp; 2.250% |  | 800000 | &nbsp;&nbsp; 729391 |
| **South Africa 0.9%** | **South Africa 0.9%** | **South Africa 0.9%** | **South Africa 0.9%** | **South Africa 0.9%** |
| 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 | Republic of South Africa Government International Bond |
| 09/30/2049 | &nbsp;&nbsp; 5.750% |  | 800000 | &nbsp;&nbsp; 673836 |
| 04/20/2052 | &nbsp;&nbsp; 7.300% |  | 200000 | &nbsp;&nbsp; 202314 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **876150** |
| **Turkey 2.2%** | **Turkey 2.2%** | **Turkey 2.2%** | **Turkey 2.2%** | **Turkey 2.2%** |
| Turkey Government International Bond | Turkey Government International Bond | Turkey Government International Bond | Turkey Government International Bond | Turkey Government International Bond |
| 05/11/2047 | &nbsp;&nbsp; 5.750% |  | 700000 | &nbsp;&nbsp; 571486 |
| Turkiye Government International Bond | Turkiye Government International Bond | Turkiye Government International Bond | Turkiye Government International Bond | Turkiye Government International Bond |
| 02/12/2032 | &nbsp;&nbsp; 7.125% |  | 1600000 | &nbsp;&nbsp; 1673735 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2245221** |
| **United Arab Emirates 0.6%** | **United Arab Emirates 0.6%** | **United Arab Emirates 0.6%** | **United Arab Emirates 0.6%** | **United Arab Emirates 0.6%** |
| DP World Crescent Ltd.<sup>(a)</sup>  | DP World Crescent Ltd.<sup>(a)</sup>  | DP World Crescent Ltd.<sup>(a)</sup>  | DP World Crescent Ltd.<sup>(a)</sup>  | DP World Crescent Ltd.<sup>(a)</sup>  |
| 07/18/2029 | &nbsp;&nbsp; 3.875% |  | 200000 | &nbsp;&nbsp; 195640 |
| DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  |
| 09/25/2048 | &nbsp;&nbsp; 5.625% |  | 200000 | &nbsp;&nbsp; 195339 |
| DP World PLC<sup>(a)</sup>  | DP World PLC<sup>(a)</sup>  | DP World PLC<sup>(a)</sup>  | DP World PLC<sup>(a)</sup>  | DP World PLC<sup>(a)</sup>  |
| 07/02/2037 | &nbsp;&nbsp; 6.850% |  | 200000 | &nbsp;&nbsp; 224192 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **615171** |
| Total Foreign Government Obligations <br>(Cost $18,949,564) | Total Foreign Government Obligations <br>(Cost $18,949,564) | Total Foreign Government Obligations <br>(Cost $18,949,564) | Total Foreign Government Obligations <br>(Cost $18,949,564) | &nbsp;&nbsp; **19543867** |
| **Residential Mortgage-Backed Securities - Agency 52.4%** | **Residential Mortgage-Backed Securities - Agency 52.4%** | **Residential Mortgage-Backed Securities - Agency 52.4%** | **Residential Mortgage-Backed Securities - Agency 52.4%** | **Residential Mortgage-Backed Securities - Agency 52.4%** |
| Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  |
| CMO Series 2022-60A Class FA | CMO Series 2022-60A Class FA | CMO Series 2022-60A Class FA | CMO Series 2022-60A Class FA | CMO Series 2022-60A Class FA |
| 30-day Average SOFR + 0.700% <br>Floor 0.700%, Cap 6.000% <br>09/25/2052<br>| &nbsp;&nbsp; 4.367% |  | 913188 | &nbsp;&nbsp; 908856 |
| CMO Series 2024-95 Class HF | CMO Series 2024-95 Class HF | CMO Series 2024-95 Class HF | CMO Series 2024-95 Class HF | CMO Series 2024-95 Class HF |
| 30-day Average SOFR + 1.400% <br>Floor 1.400%, Cap 6.500% <br>12/25/2054<br>| &nbsp;&nbsp; 5.067% |  | 816288 | &nbsp;&nbsp; 826543 |
| CMO Series 2025-35 Class MB | CMO Series 2025-35 Class MB | CMO Series 2025-35 Class MB | CMO Series 2025-35 Class MB | CMO Series 2025-35 Class MB |
| 30-day Average SOFR + 4.450% <br>Cap 8.550% <br>05/25/2055<br>| &nbsp;&nbsp; 8.117% |  | 390794 | &nbsp;&nbsp; 406226 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2025-6 Class GF | CMO Series 2025-6 Class GF | CMO Series 2025-6 Class GF | CMO Series 2025-6 Class GF |
| 30-day Average SOFR + 1.400% <br>Floor 1.400%, Cap 6.500% <br>02/25/2055<br>| &nbsp;&nbsp; 5.067% | 792106 | &nbsp;&nbsp; 799687 |
| CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH |
| 30-day Average SOFR + 0.850% <br>Floor 0.850%, Cap 6.000% <br>09/25/2055<br>| &nbsp;&nbsp; 4.517% | 962954 | &nbsp;&nbsp; 961359 |
| Fannie Mae REMICS<sup>(b),(f)</sup>  | Fannie Mae REMICS<sup>(b),(f)</sup>  | Fannie Mae REMICS<sup>(b),(f)</sup>  | Fannie Mae REMICS<sup>(b),(f)</sup>  |
| CMO Series 2025-104A Class SC | CMO Series 2025-104A Class SC | CMO Series 2025-104A Class SC | CMO Series 2025-104A Class SC |
| -1.0 x 30-day Average SOFR + <br> 5.550% <br>Cap 5.550% <br>12/25/2055<br>| &nbsp;&nbsp; 1.883% | 4866330 | &nbsp;&nbsp; 386289 |
| Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  |
| CMO Series 5462 Class FA | CMO Series 5462 Class FA | CMO Series 5462 Class FA | CMO Series 5462 Class FA |
| 30-day Average SOFR + 1.100% <br>Floor 1.100%, Cap 6.500% <br>10/25/2054<br>| &nbsp;&nbsp; 4.767% | 827368 | &nbsp;&nbsp; 832522 |
| CMO Series 5548 Class F | CMO Series 5548 Class F | CMO Series 5548 Class F | CMO Series 5548 Class F |
| 30-day Average SOFR + 4.600% <br>Cap 8.700% <br>06/25/2055<br>| &nbsp;&nbsp; 8.267% | 413109 | &nbsp;&nbsp; 412177 |
| Freddie Mac REMICS<sup>(b),(f)</sup>  | Freddie Mac REMICS<sup>(b),(f)</sup>  | Freddie Mac REMICS<sup>(b),(f)</sup>  | Freddie Mac REMICS<sup>(b),(f)</sup>  |
| CMO Series 5547 Class SE | CMO Series 5547 Class SE | CMO Series 5547 Class SE | CMO Series 5547 Class SE |
| -1.0 x 30-day Average SOFR + <br> 5.100% <br>Cap 5.100% <br>06/25/2055<br>| &nbsp;&nbsp; 1.433% | 9487034 | &nbsp;&nbsp; 499018 |
| Government National Mortgage Association<sup>(b),(f)</sup>  | Government National Mortgage Association<sup>(b),(f)</sup>  | Government National Mortgage Association<sup>(b),(f)</sup>  | Government National Mortgage Association<sup>(b),(f)</sup>  |
| CMO Series 2024-151 Class DS | CMO Series 2024-151 Class DS | CMO Series 2024-151 Class DS | CMO Series 2024-151 Class DS |
| -1.0 x 30-day Average SOFR + <br> 5.330% <br>Cap 5.330% <br>09/20/2054<br>| &nbsp;&nbsp; 1.669% | 8434076 | &nbsp;&nbsp; 429240 |
| Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(g)</sup>  |
| 03/12/2038 | &nbsp;&nbsp; 6.000% | 4874478 | &nbsp;&nbsp; 4999695 |
| 03/13/2055 | &nbsp;&nbsp; 3.500% | 6075000 | &nbsp;&nbsp; 5724354 |
| 03/13/2055 | &nbsp;&nbsp; 4.000% | 7590000 | &nbsp;&nbsp; 7376063 |
| 03/13/2055 | &nbsp;&nbsp; 5.000% | 10100000 | &nbsp;&nbsp; 10145303 |
| 03/12/2056 | &nbsp;&nbsp; 4.500% | 8981000 | &nbsp;&nbsp; 8880863 |
| 03/12/2056 | &nbsp;&nbsp; 5.500% | 9603857 | &nbsp;&nbsp; 9757834 |
| Total Residential Mortgage-Backed Securities - Agency <br>(Cost $52,895,131) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $52,895,131) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $52,895,131) | &nbsp;&nbsp; **53346029** |
| **Residential Mortgage-Backed Securities - Non-Agency 8.4%** | **Residential Mortgage-Backed Securities - Non-Agency 8.4%** | **Residential Mortgage-Backed Securities - Non-Agency 8.4%** | **Residential Mortgage-Backed Securities - Non-Agency 8.4%** |
| COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-7 Class A2 | CMO Series 2025-7 Class A2 | CMO Series 2025-7 Class A2 | CMO Series 2025-7 Class A2 |
| 06/25/2070 | &nbsp;&nbsp; 5.673% | 715462 | &nbsp;&nbsp; 724957 |
| EASY<sup>(a),(c)</sup>  | EASY<sup>(a),(c)</sup>  | EASY<sup>(a),(c)</sup>  | EASY<sup>(a),(c)</sup>  |
| CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 |
| 05/25/2040 | &nbsp;&nbsp; 6.456% | 800000 | &nbsp;&nbsp; 809636 |

---

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GITSIT Mortgage Loan Trust<sup>(a),(c)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(c)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(c)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-NPL2 Class A1 | CMO Series 2025-NPL2 Class A1 | CMO Series 2025-NPL2 Class A1 | CMO Series 2025-NPL2 Class A1 |
| 12/25/2055 | &nbsp;&nbsp; 5.425% | 948610 | &nbsp;&nbsp; 948651 |
| Homes Trust<sup>(a),(c)</sup>  | Homes Trust<sup>(a),(c)</sup>  | Homes Trust<sup>(a),(c)</sup>  | Homes Trust<sup>(a),(c)</sup>  |
| CMO Series 2026-INV1 Class A1D | CMO Series 2026-INV1 Class A1D | CMO Series 2026-INV1 Class A1D | CMO Series 2026-INV1 Class A1D |
| 08/25/2060 | &nbsp;&nbsp; 5.077% | 1362957 | &nbsp;&nbsp; 1372328 |
| HTAP Issuer Trust<sup>(a)</sup>  | HTAP Issuer Trust<sup>(a)</sup>  | HTAP Issuer Trust<sup>(a)</sup>  | HTAP Issuer Trust<sup>(a)</sup>  |
| CMO Series 2025-1 Class A | CMO Series 2025-1 Class A | CMO Series 2025-1 Class A | CMO Series 2025-1 Class A |
| 11/25/2042 | &nbsp;&nbsp; 6.500% | 901231 | &nbsp;&nbsp; 907704 |
| OBX Trust<sup>(a),(h)</sup>  | OBX Trust<sup>(a),(h)</sup>  | OBX Trust<sup>(a),(h)</sup>  | OBX Trust<sup>(a),(h)</sup>  |
| CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.441% | 645431 | &nbsp;&nbsp; 652767 |
| OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 02/25/2055 | &nbsp;&nbsp; 5.400% | 506347 | &nbsp;&nbsp; 510565 |
| CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 |
| 03/25/2065 | &nbsp;&nbsp; 5.603% | 537987 | &nbsp;&nbsp; 544652 |
| PRPM Trust<sup>(a),(h)</sup>  | PRPM Trust<sup>(a),(h)</sup>  | PRPM Trust<sup>(a),(h)</sup>  | PRPM Trust<sup>(a),(h)</sup>  |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 05/25/2070 | &nbsp;&nbsp; 5.606% | 717084 | &nbsp;&nbsp; 726604 |
| Splitero Trust<sup>(a)</sup>  | Splitero Trust<sup>(a)</sup>  | Splitero Trust<sup>(a)</sup>  | Splitero Trust<sup>(a)</sup>  |
| CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 |
| 12/25/2055 | &nbsp;&nbsp; 5.750% | 800000 | &nbsp;&nbsp; 798315 |
| Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 |
| 03/25/2070 | &nbsp;&nbsp; 5.307% | 555719 | &nbsp;&nbsp; 559757 |
| Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $8,483,908) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $8,483,908) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $8,483,908) | &nbsp;&nbsp; **8555936** |
| **Senior Loans 23.7%** | **Senior Loans 23.7%** | **Senior Loans 23.7%** | **Senior Loans 23.7%** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** |
| Karman Holdings, Inc.<sup>(b),(i)</sup>  | Karman Holdings, Inc.<sup>(b),(i)</sup>  | Karman Holdings, Inc.<sup>(b),(i)</sup>  | Karman Holdings, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>04/01/2032<br>| &nbsp;&nbsp; 6.423% | 242765 | &nbsp;&nbsp; 243068 |
| TransDigm, Inc.<sup>(b),(i)</sup>  | TransDigm, Inc.<sup>(b),(i)</sup>  | TransDigm, Inc.<sup>(b),(i)</sup>  | TransDigm, Inc.<sup>(b),(i)</sup>  |
| Tranche N Term Loan | Tranche N Term Loan | Tranche N Term Loan | Tranche N Term Loan |
| 1-month Term SOFR + 2.500% <br>02/13/2033<br>| &nbsp;&nbsp; 6.160% | 12538 | &nbsp;&nbsp; 12548 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **255616** |
| **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** |
| AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(i),(j)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(i),(j)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(i),(j)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(i),(j)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>05/28/2032<br>| &nbsp;&nbsp; 6.418% | 90498 | &nbsp;&nbsp; 90442 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Automotive 0.3%** | **Automotive 0.3%** | **Automotive 0.3%** | **Automotive 0.3%** |
| Clarios Global LP<sup>(b),(i)</sup>  | Clarios Global LP<sup>(b),(i)</sup>  | Clarios Global LP<sup>(b),(i)</sup>  | Clarios Global LP<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.500% <br>05/06/2030<br>| &nbsp;&nbsp; 6.173% | 299244 | &nbsp;&nbsp; 298122 |
| **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** |
| Chicago US Midco III LP<sup>(b),(i),(j)</sup>  | Chicago US Midco III LP<sup>(b),(i),(j)</sup>  | Chicago US Midco III LP<sup>(b),(i),(j)</sup>  | Chicago US Midco III LP<sup>(b),(i),(j)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 1.250% <br>11/01/2032<br>| &nbsp;&nbsp; 1.250% | 15240 | &nbsp;&nbsp; 15012 |
| Chicago US Midco III LP<sup>(b),(i)</sup>  | Chicago US Midco III LP<sup>(b),(i)</sup>  | Chicago US Midco III LP<sup>(b),(i)</sup>  | Chicago US Midco III LP<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>11/01/2032<br>| &nbsp;&nbsp; 6.173% | 102617 | &nbsp;&nbsp; 101078 |
| Focus Financial Partners LLC<sup>(b),(i)</sup>  | Focus Financial Partners LLC<sup>(b),(i)</sup>  | Focus Financial Partners LLC<sup>(b),(i)</sup>  | Focus Financial Partners LLC<sup>(b),(i)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 1-month Term SOFR + 2.500% <br>09/15/2031<br>| &nbsp;&nbsp; 6.173% | 36947 | &nbsp;&nbsp; 34776 |
| Jefferies Finance LLC<sup>(b),(i)</sup>  | Jefferies Finance LLC<sup>(b),(i)</sup>  | Jefferies Finance LLC<sup>(b),(i)</sup>  | Jefferies Finance LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>10/21/2031<br>| &nbsp;&nbsp; 6.410% | 235643 | &nbsp;&nbsp; 229163 |
| Osaic Holdings, Inc.<sup>(b),(i)</sup>  | Osaic Holdings, Inc.<sup>(b),(i)</sup>  | Osaic Holdings, Inc.<sup>(b),(i)</sup>  | Osaic Holdings, Inc.<sup>(b),(i)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 2.500% <br>07/30/2032<br>| &nbsp;&nbsp; 6.164% | 100000 | &nbsp;&nbsp; 96656 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **476685** |
| **Building Materials 0.7%** | **Building Materials 0.7%** | **Building Materials 0.7%** | **Building Materials 0.7%** |
| DG Investment Intermediate Holdings 2, Inc.<sup>(b),(i)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(i)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(i)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.250% <br>07/09/2032<br>| &nbsp;&nbsp; 6.923% | 39655 | &nbsp;&nbsp; 39581 |
| Park River Holdings, Inc.<sup>(b),(i)</sup>  | Park River Holdings, Inc.<sup>(b),(i)</sup>  | Park River Holdings, Inc.<sup>(b),(i)</sup>  | Park River Holdings, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.500% <br>03/15/2031<br>| &nbsp;&nbsp; 8.161% | 35106 | &nbsp;&nbsp; 34903 |
| Quikrete Holdings, Inc.<sup>(b),(i)</sup>  | Quikrete Holdings, Inc.<sup>(b),(i)</sup>  | Quikrete Holdings, Inc.<sup>(b),(i)</sup>  | Quikrete Holdings, Inc.<sup>(b),(i)</sup>  |
| Tranche B2 1st Lien Term Loan | Tranche B2 1st Lien Term Loan | Tranche B2 1st Lien Term Loan | Tranche B2 1st Lien Term Loan |
| 1-month Term SOFR + 2.250% <br>03/19/2029<br>| &nbsp;&nbsp; 5.923% | 299239 | &nbsp;&nbsp; 299083 |
| Smyrna Ready Mix Concrete LLC<sup>(b),(i)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(i)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(i)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>04/02/2029<br>| &nbsp;&nbsp; 6.673% | 297750 | &nbsp;&nbsp; 297997 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **671564** |

---

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Chemicals 0.9%** | **Chemicals 0.9%** | **Chemicals 0.9%** | **Chemicals 0.9%** |
| Chemours Co. (The)<sup>(b),(i)</sup>  | Chemours Co. (The)<sup>(b),(i)</sup>  | Chemours Co. (The)<sup>(b),(i)</sup>  | Chemours Co. (The)<sup>(b),(i)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| 1-month Term SOFR + 3.500% <br>10/15/2032<br>| &nbsp;&nbsp; 7.173% | 150000 | &nbsp;&nbsp; 149475 |
| Ineos US Finance LLC<sup>(b),(i)</sup>  | Ineos US Finance LLC<sup>(b),(i)</sup>  | Ineos US Finance LLC<sup>(b),(i)</sup>  | Ineos US Finance LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>02/07/2031<br>| &nbsp;&nbsp; 6.673% | 149245 | &nbsp;&nbsp; 126112 |
| Lummus Technology Holdings V LLC<sup>(b),(i)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(i)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(i)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.500% <br>12/31/2029<br>| &nbsp;&nbsp; 6.173% | 297750 | &nbsp;&nbsp; 297583 |
| Olympus Water US Holding Corp.<sup>(b),(i)</sup>  | Olympus Water US Holding Corp.<sup>(b),(i)</sup>  | Olympus Water US Holding Corp.<sup>(b),(i)</sup>  | Olympus Water US Holding Corp.<sup>(b),(i)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| 3-month Term SOFR + 3.000% <br>06/20/2031<br>| &nbsp;&nbsp; 6.672% | 299244 | &nbsp;&nbsp; 293074 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **866244** |
| **Construction Machinery 0.1%** | **Construction Machinery 0.1%** | **Construction Machinery 0.1%** | **Construction Machinery 0.1%** |
| Engineered Machinery Holdings, Inc.<sup>(b),(i)</sup>  | Engineered Machinery Holdings, Inc.<sup>(b),(i)</sup>  | Engineered Machinery Holdings, Inc.<sup>(b),(i)</sup>  | Engineered Machinery Holdings, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.250% <br>11/26/2032<br>| &nbsp;&nbsp; 6.922% | 59681 | &nbsp;&nbsp; 59830 |
| **Consumer Cyclical Services 1.2%** | **Consumer Cyclical Services 1.2%** | **Consumer Cyclical Services 1.2%** | **Consumer Cyclical Services 1.2%** |
| Corporation Service Co.<sup>(b),(i),(j)</sup>  | Corporation Service Co.<sup>(b),(i),(j)</sup>  | Corporation Service Co.<sup>(b),(i),(j)</sup>  | Corporation Service Co.<sup>(b),(i),(j)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.000% <br>Floor 0.500% <br>11/02/2029<br>| &nbsp;&nbsp; 5.673% | 197423 | &nbsp;&nbsp; 193157 |
| Cushman & Wakefield US Borrower LLC<sup>(b),(i)</sup>  | Cushman & Wakefield US Borrower LLC<sup>(b),(i)</sup>  | Cushman & Wakefield US Borrower LLC<sup>(b),(i)</sup>  | Cushman & Wakefield US Borrower LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>01/31/2030<br>| &nbsp;&nbsp; 6.423% | 200000 | &nbsp;&nbsp; 200250 |
| Frontdoor, Inc.<sup>(b),(i)</sup>  | Frontdoor, Inc.<sup>(b),(i)</sup>  | Frontdoor, Inc.<sup>(b),(i)</sup>  | Frontdoor, Inc.<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.250% <br>12/19/2031<br>| &nbsp;&nbsp; 5.923% | 199496 | &nbsp;&nbsp; 200494 |
| GBT US III LLC<sup>(b),(i)</sup>  | GBT US III LLC<sup>(b),(i)</sup>  | GBT US III LLC<sup>(b),(i)</sup>  | GBT US III LLC<sup>(b),(i)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 3-month Term SOFR + 2.000% <br>07/25/2031<br>| &nbsp;&nbsp; 5.668% | 297744 | &nbsp;&nbsp; 284048 |
| OMNIA Partners LLC<sup>(b),(i)</sup>  | OMNIA Partners LLC<sup>(b),(i)</sup>  | OMNIA Partners LLC<sup>(b),(i)</sup>  | OMNIA Partners LLC<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.750% <br>12/31/2032<br>| &nbsp;&nbsp; 6.455% | 199500 | &nbsp;&nbsp; 198780 |
| Raven Acquisition Holdings LLC<sup>(b),(i),(j)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(i),(j)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(i),(j)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(i),(j)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 3.000% <br>11/19/2031<br>| &nbsp;&nbsp; 3.000% | 10070 | &nbsp;&nbsp; 9581 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>11/19/2031<br>| &nbsp;&nbsp; 6.673% | 139930 | &nbsp;&nbsp; 133133 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1219443** |
| **Consumer Products 0.4%** | **Consumer Products 0.4%** | **Consumer Products 0.4%** | **Consumer Products 0.4%** |
| Bombardier Recreational Products, Inc.<sup>(b),(i)</sup>  | Bombardier Recreational Products, Inc.<sup>(b),(i)</sup>  | Bombardier Recreational Products, Inc.<sup>(b),(i)</sup>  | Bombardier Recreational Products, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>01/22/2031<br>| &nbsp;&nbsp; 5.923% | 297742 | &nbsp;&nbsp; 297834 |
| Lavender Dutch Borrow BV<sup>(b),(i)</sup>  | Lavender Dutch Borrow BV<sup>(b),(i)</sup>  | Lavender Dutch Borrow BV<sup>(b),(i)</sup>  | Lavender Dutch Borrow BV<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.250% <br>12/30/2032<br>| &nbsp;&nbsp; 6.935% | 91072 | &nbsp;&nbsp; 90844 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **388678** |
| **Diversified Manufacturing 1.2%** | **Diversified Manufacturing 1.2%** | **Diversified Manufacturing 1.2%** | **Diversified Manufacturing 1.2%** |
| Columbus McKinnon Corp.<sup>(b),(i)</sup>  | Columbus McKinnon Corp.<sup>(b),(i)</sup>  | Columbus McKinnon Corp.<sup>(b),(i)</sup>  | Columbus McKinnon Corp.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>02/03/2033<br>| &nbsp;&nbsp; 7.160% | 71594 | &nbsp;&nbsp; 71326 |
| CompoSecure Holdings LLC<sup>(b),(i)</sup>  | CompoSecure Holdings LLC<sup>(b),(i)</sup>  | CompoSecure Holdings LLC<sup>(b),(i)</sup>  | CompoSecure Holdings LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>01/14/2033<br>| &nbsp;&nbsp; 5.910% | 17241 | &nbsp;&nbsp; 17133 |
| EMRLD Borrower LP<sup>(b),(i)</sup>  | EMRLD Borrower LP<sup>(b),(i)</sup>  | EMRLD Borrower LP<sup>(b),(i)</sup>  | EMRLD Borrower LP<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 6-month Term SOFR + 2.250% <br>08/04/2031<br>| &nbsp;&nbsp; 6.122% | 297750 | &nbsp;&nbsp; 296348 |
| Madison IAQ LLC<sup>(b),(i)</sup>  | Madison IAQ LLC<sup>(b),(i)</sup>  | Madison IAQ LLC<sup>(b),(i)</sup>  | Madison IAQ LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 6-month Term SOFR + 2.750% <br>11/08/2032<br>| &nbsp;&nbsp; 6.378% | 286454 | &nbsp;&nbsp; 286849 |
| Resilience Parent LLC<sup>(b),(i),(j)</sup>  | Resilience Parent LLC<sup>(b),(i),(j)</sup>  | Resilience Parent LLC<sup>(b),(i),(j)</sup>  | Resilience Parent LLC<sup>(b),(i),(j)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.500% <br>01/21/2033<br>|  | 38973 | &nbsp;&nbsp; 38875 |
| Tiger Acquisition LLC<sup>(b),(i)</sup>  | Tiger Acquisition LLC<sup>(b),(i)</sup>  | Tiger Acquisition LLC<sup>(b),(i)</sup>  | Tiger Acquisition LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>08/23/2032<br>| &nbsp;&nbsp; 6.176% | 249373 | &nbsp;&nbsp; 248957 |
| TK Elevator Midco GmbH<sup>(b),(i)</sup>  | TK Elevator Midco GmbH<sup>(b),(i)</sup>  | TK Elevator Midco GmbH<sup>(b),(i)</sup>  | TK Elevator Midco GmbH<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 6-month Term SOFR + 2.750% <br>04/30/2030<br>| &nbsp;&nbsp; 6.377% | 297756 | &nbsp;&nbsp; 297622 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1257110** |

---

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Electric 1.0%** | **Electric 1.0%** | **Electric 1.0%** | **Electric 1.0%** |
| Astoria Project Partners LLC/Energy LLC<sup>(b),(i)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(i)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(i)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.250% <br>06/23/2032<br>| &nbsp;&nbsp; 5.922% | 275828 | &nbsp;&nbsp; 276208 |
| Bayonne Energy Center LLC<sup>(b),(i)</sup>  | Bayonne Energy Center LLC<sup>(b),(i)</sup>  | Bayonne Energy Center LLC<sup>(b),(i)</sup>  | Bayonne Energy Center LLC<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.000% <br>10/01/2032<br>| &nbsp;&nbsp; 6.672% | 126606 | &nbsp;&nbsp; 126922 |
| Carroll County Energy LLC<sup>(b),(i),(j)</sup>  | Carroll County Energy LLC<sup>(b),(i),(j)</sup>  | Carroll County Energy LLC<sup>(b),(i),(j)</sup>  | Carroll County Energy LLC<sup>(b),(i),(j)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>06/30/2031<br>| &nbsp;&nbsp; 6.422% | 199500 | &nbsp;&nbsp; 200310 |
| CPV Fairview LLC<sup>(b),(i)</sup>  | CPV Fairview LLC<sup>(b),(i)</sup>  | CPV Fairview LLC<sup>(b),(i)</sup>  | CPV Fairview LLC<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.500% <br>08/14/2031<br>| &nbsp;&nbsp; 6.172% | 65969 | &nbsp;&nbsp; 65907 |
| Invenergy Thermal Operating I LLC<sup>(b),(i)</sup>  | Invenergy Thermal Operating I LLC<sup>(b),(i)</sup>  | Invenergy Thermal Operating I LLC<sup>(b),(i)</sup>  | Invenergy Thermal Operating I LLC<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.750% <br>05/17/2032<br>| &nbsp;&nbsp; 6.410% | 24397 | &nbsp;&nbsp; 24618 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 3-month Term SOFR + 2.750% <br>05/17/2032<br>| &nbsp;&nbsp; 6.410% | 1540 | &nbsp;&nbsp; 1554 |
| New Frontera Holdings LLC<sup>(b),(i)</sup>  | New Frontera Holdings LLC<sup>(b),(i)</sup>  | New Frontera Holdings LLC<sup>(b),(i)</sup>  | New Frontera Holdings LLC<sup>(b),(i)</sup>  |
| 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan |
| 3-month Term SOFR + 1.500% <br>Floor 1.000% <br>07/28/2028<br>| &nbsp;&nbsp; 5.434% | 150000 | &nbsp;&nbsp; 143250 |
| South Field Energy LLC<sup>(b),(i)</sup>  | South Field Energy LLC<sup>(b),(i)</sup>  | South Field Energy LLC<sup>(b),(i)</sup>  | South Field Energy LLC<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.000% <br>08/29/2031<br>| &nbsp;&nbsp; 6.672% | 187618 | &nbsp;&nbsp; 188088 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 3-month Term SOFR + 3.000% <br>08/29/2031<br>| &nbsp;&nbsp; 6.672% | 11339 | &nbsp;&nbsp; 11368 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1038225** |
| **Environmental 0.2%** | **Environmental 0.2%** | **Environmental 0.2%** | **Environmental 0.2%** |
| Tidal Waste & Recycling Holdings LLC<sup>(b),(i)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(i)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(i)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>10/24/2031<br>| &nbsp;&nbsp; 6.422% | 199498 | &nbsp;&nbsp; 199560 |
| **Finance Companies 0.2%** | **Finance Companies 0.2%** | **Finance Companies 0.2%** | **Finance Companies 0.2%** |
| Neptune BidCo US, Inc.<sup>(b),(i),(j)</sup>  | Neptune BidCo US, Inc.<sup>(b),(i),(j)</sup>  | Neptune BidCo US, Inc.<sup>(b),(i),(j)</sup>  | Neptune BidCo US, Inc.<sup>(b),(i),(j)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 5.000% <br>02/03/2033<br>| &nbsp;&nbsp; 8.760% | 206740 | &nbsp;&nbsp; 191424 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Snacking Investments Bidco Pty Ltd.<sup>(b),(i)</sup>  | Snacking Investments Bidco Pty Ltd.<sup>(b),(i)</sup>  | Snacking Investments Bidco Pty Ltd.<sup>(b),(i)</sup>  | Snacking Investments Bidco Pty Ltd.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>10/29/2032<br>| &nbsp;&nbsp; 6.667% | 42857 | &nbsp;&nbsp; 42804 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **234228** |
| **Food and Beverage 1.1%** | **Food and Beverage 1.1%** | **Food and Beverage 1.1%** | **Food and Beverage 1.1%** |
| CHG PPC Parent LLC<sup>(b),(i)</sup>  | CHG PPC Parent LLC<sup>(b),(i)</sup>  | CHG PPC Parent LLC<sup>(b),(i)</sup>  | CHG PPC Parent LLC<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/08/2028<br>| &nbsp;&nbsp; 6.787% | 199475 | &nbsp;&nbsp; 199226 |
| Froneri International Ltd.<sup>(b),(i),(j)</sup>  | Froneri International Ltd.<sup>(b),(i),(j)</sup>  | Froneri International Ltd.<sup>(b),(i),(j)</sup>  | Froneri International Ltd.<sup>(b),(i),(j)</sup>  |
| Tranche B6 1st Lien Term Loan | Tranche B6 1st Lien Term Loan | Tranche B6 1st Lien Term Loan | Tranche B6 1st Lien Term Loan |
| 6-month Term SOFR + 2.250% <br>09/30/2032<br>| &nbsp;&nbsp; 5.877% | 250000 | &nbsp;&nbsp; 243992 |
| Golden State Foods LLC<sup>(b),(i)</sup>  | Golden State Foods LLC<sup>(b),(i)</sup>  | Golden State Foods LLC<sup>(b),(i)</sup>  | Golden State Foods LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>12/04/2031<br>| &nbsp;&nbsp; 7.171% | 297739 | &nbsp;&nbsp; 297578 |
| Sazerac Co., Inc.<sup>(b),(i)</sup>  | Sazerac Co., Inc.<sup>(b),(i)</sup>  | Sazerac Co., Inc.<sup>(b),(i)</sup>  | Sazerac Co., Inc.<sup>(b),(i)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 1-month Term SOFR + 2.000% <br>07/09/2032<br>| &nbsp;&nbsp; 5.670% | 299250 | &nbsp;&nbsp; 298933 |
| Treehouse Foods, Inc.<sup>(b),(i),(j)</sup>  | Treehouse Foods, Inc.<sup>(b),(i),(j)</sup>  | Treehouse Foods, Inc.<sup>(b),(i),(j)</sup>  | Treehouse Foods, Inc.<sup>(b),(i),(j)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.250% <br>02/11/2033<br>|  | 27549 | &nbsp;&nbsp; 27124 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1066853** |
| **Gaming 0.9%** | **Gaming 0.9%** | **Gaming 0.9%** | **Gaming 0.9%** |
| Caesars Entertainment, Inc.<sup>(b),(i),(j)</sup>  | Caesars Entertainment, Inc.<sup>(b),(i),(j)</sup>  | Caesars Entertainment, Inc.<sup>(b),(i),(j)</sup>  | Caesars Entertainment, Inc.<sup>(b),(i),(j)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.250% <br>Floor 0.500% <br>02/06/2030<br>| &nbsp;&nbsp; 5.923% | 200000 | &nbsp;&nbsp; 197002 |
| Caesars Entertainment, Inc.<sup>(b),(i)</sup>  | Caesars Entertainment, Inc.<sup>(b),(i)</sup>  | Caesars Entertainment, Inc.<sup>(b),(i)</sup>  | Caesars Entertainment, Inc.<sup>(b),(i)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 2.250% <br>Floor 0.500% <br>02/06/2031<br>| &nbsp;&nbsp; 5.923% | 249365 | &nbsp;&nbsp; 246747 |
| Fertitta Entertainment LLC<sup>(b),(i)</sup>  | Fertitta Entertainment LLC<sup>(b),(i)</sup>  | Fertitta Entertainment LLC<sup>(b),(i)</sup>  | Fertitta Entertainment LLC<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>01/27/2029<br>| &nbsp;&nbsp; 6.923% | 297680 | &nbsp;&nbsp; 295734 |
| Jack Ohio Finance LLC<sup>(b),(i)</sup>  | Jack Ohio Finance LLC<sup>(b),(i)</sup>  | Jack Ohio Finance LLC<sup>(b),(i)</sup>  | Jack Ohio Finance LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.000% <br>02/02/2032<br>| &nbsp;&nbsp; 7.673% | 199498 | &nbsp;&nbsp; 197602 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **937085** |

---

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Health Care 0.8%** | **Health Care 0.8%** | **Health Care 0.8%** | **Health Care 0.8%** |
| Hopper Merger Sub, Inc.<sup>(b),(i),(j)</sup>  | Hopper Merger Sub, Inc.<sup>(b),(i),(j)</sup>  | Hopper Merger Sub, Inc.<sup>(b),(i),(j)</sup>  | Hopper Merger Sub, Inc.<sup>(b),(i),(j)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.250% <br>01/14/2033<br>|  | 61226 | &nbsp;&nbsp; 60461 |
| Paradigm Parent LLC<sup>(b),(i),(j)</sup>  | Paradigm Parent LLC<sup>(b),(i),(j)</sup>  | Paradigm Parent LLC<sup>(b),(i),(j)</sup>  | Paradigm Parent LLC<sup>(b),(i),(j)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.500% <br>04/16/2032<br>| &nbsp;&nbsp; 8.172% | 249625 | &nbsp;&nbsp; 208125 |
| Southern Veterinary Partners LLC<sup>(b),(i)</sup>  | Southern Veterinary Partners LLC<sup>(b),(i)</sup>  | Southern Veterinary Partners LLC<sup>(b),(i)</sup>  | Southern Veterinary Partners LLC<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.500% <br>12/04/2031<br>| &nbsp;&nbsp; 6.176% | 298502 | &nbsp;&nbsp; 297738 |
| Star Parent, Inc.<sup>(b),(i),(j)</sup>  | Star Parent, Inc.<sup>(b),(i),(j)</sup>  | Star Parent, Inc.<sup>(b),(i),(j)</sup>  | Star Parent, Inc.<sup>(b),(i),(j)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.000% <br>09/27/2030<br>| &nbsp;&nbsp; 7.672% | 250000 | &nbsp;&nbsp; 241697 |
| US Fertility Enterprises LLC<sup>(b),(i),(j),(k)</sup>  | US Fertility Enterprises LLC<sup>(b),(i),(j),(k)</sup>  | US Fertility Enterprises LLC<sup>(b),(i),(j),(k)</sup>  | US Fertility Enterprises LLC<sup>(b),(i),(j),(k)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 1.750% <br>12/30/2032<br>| &nbsp;&nbsp; 1.750% | 5666 | &nbsp;&nbsp; 5672 |
| US Fertility Enterprises LLC<sup>(b),(i)</sup>  | US Fertility Enterprises LLC<sup>(b),(i)</sup>  | US Fertility Enterprises LLC<sup>(b),(i)</sup>  | US Fertility Enterprises LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>12/30/2032<br>| &nbsp;&nbsp; 7.167% | 37398 | &nbsp;&nbsp; 37435 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **851128** |
| **Home Construction 0.2%** | **Home Construction 0.2%** | **Home Construction 0.2%** | **Home Construction 0.2%** |
| Tecta America Corp.<sup>(b),(i)</sup>  | Tecta America Corp.<sup>(b),(i)</sup>  | Tecta America Corp.<sup>(b),(i)</sup>  | Tecta America Corp.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>02/18/2032<br>| &nbsp;&nbsp; 6.423% | 199499 | &nbsp;&nbsp; 199467 |
| **Leisure 0.6%** | **Leisure 0.6%** | **Leisure 0.6%** | **Leisure 0.6%** |
| Alterra Mountain Co.<sup>(b),(i),(l)</sup>  | Alterra Mountain Co.<sup>(b),(i),(l)</sup>  | Alterra Mountain Co.<sup>(b),(i),(l)</sup>  | Alterra Mountain Co.<sup>(b),(i),(l)</sup>  |
| Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan |
| 1-month Term SOFR + 2.500% <br>05/31/2030<br>| &nbsp;&nbsp; 6.173% | 58263 | &nbsp;&nbsp; 58263 |
| Alterra Mountain Co.<sup>(b),(i)</sup>  | Alterra Mountain Co.<sup>(b),(i)</sup>  | Alterra Mountain Co.<sup>(b),(i)</sup>  | Alterra Mountain Co.<sup>(b),(i)</sup>  |
| Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan |
| 1-month Term SOFR + 2.500% <br>08/17/2028<br>| &nbsp;&nbsp; 6.173% | 240253 | &nbsp;&nbsp; 240054 |
| Arcis Golf LLC<sup>(b),(i)</sup>  | Arcis Golf LLC<sup>(b),(i)</sup>  | Arcis Golf LLC<sup>(b),(i)</sup>  | Arcis Golf LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>Floor 0.500% <br>11/24/2028<br>| &nbsp;&nbsp; 6.423% | 199531 | &nbsp;&nbsp; 200091 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Bulldog Purchaser, Inc.<sup>(b),(i),(j)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(i),(j)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(i),(j)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(i),(j)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.250% <br>02/04/2033<br>| &nbsp;&nbsp; 6.913% | 88379 | &nbsp;&nbsp; 88103 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **586511** |
| **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** |
| Travel + Leisure Co.<sup>(b),(i)</sup>  | Travel + Leisure Co.<sup>(b),(i)</sup>  | Travel + Leisure Co.<sup>(b),(i)</sup>  | Travel + Leisure Co.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>12/14/2029<br>| &nbsp;&nbsp; 5.673% | 149625 | &nbsp;&nbsp; 149197 |
| **Media and Entertainment 0.2%** | **Media and Entertainment 0.2%** | **Media and Entertainment 0.2%** | **Media and Entertainment 0.2%** |
| Creative Artists Agency LLC<sup>(b),(i)</sup>  | Creative Artists Agency LLC<sup>(b),(i)</sup>  | Creative Artists Agency LLC<sup>(b),(i)</sup>  | Creative Artists Agency LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>10/01/2031<br>| &nbsp;&nbsp; 6.173% | 110630 | &nbsp;&nbsp; 110191 |
| NEP Group, Inc.<sup>(b),(i),(j)</sup>  | NEP Group, Inc.<sup>(b),(i),(j)</sup>  | NEP Group, Inc.<sup>(b),(i),(j)</sup>  | NEP Group, Inc.<sup>(b),(i),(j)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.500% <br>10/17/2031<br>| &nbsp;&nbsp; 8.173% | 149615 | &nbsp;&nbsp; 136244 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **246435** |
| **Midstream 0.3%** | **Midstream 0.3%** | **Midstream 0.3%** | **Midstream 0.3%** |
| AL GCX Holdings LLC<sup>(b),(i)</sup>  | AL GCX Holdings LLC<sup>(b),(i)</sup>  | AL GCX Holdings LLC<sup>(b),(i)</sup>  | AL GCX Holdings LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>12/17/2032<br>| &nbsp;&nbsp; 5.923% | 24375 | &nbsp;&nbsp; 24360 |
| ITT Holdings LLC<sup>(b),(i)</sup>  | ITT Holdings LLC<sup>(b),(i)</sup>  | ITT Holdings LLC<sup>(b),(i)</sup>  | ITT Holdings LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.975% <br>10/11/2030<br>| &nbsp;&nbsp; 5.648% | 297746 | &nbsp;&nbsp; 297002 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **321362** |
| **Other Financial Institutions 1.7%** | **Other Financial Institutions 1.7%** | **Other Financial Institutions 1.7%** | **Other Financial Institutions 1.7%** |
| Apex Group Treasury LLC<sup>(b),(i)</sup>  | Apex Group Treasury LLC<sup>(b),(i)</sup>  | Apex Group Treasury LLC<sup>(b),(i)</sup>  | Apex Group Treasury LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>02/27/2032<br>| &nbsp;&nbsp; 7.166% | 298496 | &nbsp;&nbsp; 264169 |
| BCP VI Summit Holdings LP<sup>(b),(i),(j)</sup>  | BCP VI Summit Holdings LP<sup>(b),(i),(j)</sup>  | BCP VI Summit Holdings LP<sup>(b),(i),(j)</sup>  | BCP VI Summit Holdings LP<sup>(b),(i),(j)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>01/30/2032<br>| &nbsp;&nbsp; 6.671% | 7267 | &nbsp;&nbsp; 7285 |
| Chrysaor Bidco SARL<sup>(b),(i)</sup>  | Chrysaor Bidco SARL<sup>(b),(i)</sup>  | Chrysaor Bidco SARL<sup>(b),(i)</sup>  | Chrysaor Bidco SARL<sup>(b),(i)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 3.250% <br>10/30/2031<br>| &nbsp;&nbsp; 6.900% | 297859 | &nbsp;&nbsp; 296742 |
| Citco Funding LLC<sup>(b),(i)</sup>  | Citco Funding LLC<sup>(b),(i)</sup>  | Citco Funding LLC<sup>(b),(i)</sup>  | Citco Funding LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.000% <br>01/30/2033<br>| &nbsp;&nbsp; 5.667% | 28226 | &nbsp;&nbsp; 27866 |

---

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Emerald 2 Ltd.<sup>(b),(i)</sup>  | Emerald 2 Ltd.<sup>(b),(i)</sup>  | Emerald 2 Ltd.<sup>(b),(i)</sup>  | Emerald 2 Ltd.<sup>(b),(i)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| 3-month Term SOFR + 3.250% <br>01/12/2032<br>| &nbsp;&nbsp; 6.922% | 116357 | &nbsp;&nbsp; 115824 |
| EP Wealth Advisors LLC<sup>(b),(i)</sup>  | EP Wealth Advisors LLC<sup>(b),(i)</sup>  | EP Wealth Advisors LLC<sup>(b),(i)</sup>  | EP Wealth Advisors LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>10/18/2032<br>| &nbsp;&nbsp; 6.672% | 200000 | &nbsp;&nbsp; 198250 |
| FinCo I LLC<sup>(b),(i)</sup>  | FinCo I LLC<sup>(b),(i)</sup>  | FinCo I LLC<sup>(b),(i)</sup>  | FinCo I LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>06/27/2029<br>| &nbsp;&nbsp; 5.423% | 298500 | &nbsp;&nbsp; 294521 |
| Hunter Douglas Holding BV<sup>(b),(i)</sup>  | Hunter Douglas Holding BV<sup>(b),(i)</sup>  | Hunter Douglas Holding BV<sup>(b),(i)</sup>  | Hunter Douglas Holding BV<sup>(b),(i)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 3.000% <br>01/17/2032<br>| &nbsp;&nbsp; 6.672% | 297744 | &nbsp;&nbsp; 297435 |
| Mariner Wealth Advisers LLC<sup>(b),(i)</sup>  | Mariner Wealth Advisers LLC<sup>(b),(i)</sup>  | Mariner Wealth Advisers LLC<sup>(b),(i)</sup>  | Mariner Wealth Advisers LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.250% <br>12/31/2030<br>| &nbsp;&nbsp; 5.936% | 25808 | &nbsp;&nbsp; 25597 |
| Mermaid Bidco, Inc.<sup>(b),(i)</sup>  | Mermaid Bidco, Inc.<sup>(b),(i)</sup>  | Mermaid Bidco, Inc.<sup>(b),(i)</sup>  | Mermaid Bidco, Inc.<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.250% <br>07/03/2031<br>| &nbsp;&nbsp; 6.913% | 199494 | &nbsp;&nbsp; 189768 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1717457** |
| **Other Industry 0.7%** | **Other Industry 0.7%** | **Other Industry 0.7%** | **Other Industry 0.7%** |
| Artera Services LLC<sup>(b),(i)</sup>  | Artera Services LLC<sup>(b),(i)</sup>  | Artera Services LLC<sup>(b),(i)</sup>  | Artera Services LLC<sup>(b),(i)</sup>  |
| Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan |
| 3-month Term SOFR + 4.500% <br>02/15/2031<br>| &nbsp;&nbsp; 8.172% | 199492 | &nbsp;&nbsp; 162774 |
| Bach Finance Ltd.<sup>(b),(i)</sup>  | Bach Finance Ltd.<sup>(b),(i)</sup>  | Bach Finance Ltd.<sup>(b),(i)</sup>  | Bach Finance Ltd.<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.250% <br>01/09/2032<br>| &nbsp;&nbsp; 5.921% | 24421 | &nbsp;&nbsp; 24207 |
| BradyPLUS Holdings LLC<sup>(b),(i)</sup>  | BradyPLUS Holdings LLC<sup>(b),(i)</sup>  | BradyPLUS Holdings LLC<sup>(b),(i)</sup>  | BradyPLUS Holdings LLC<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.500% <br>12/29/2032<br>| &nbsp;&nbsp; 7.190% | 52812 | &nbsp;&nbsp; 52317 |
| Chariot Buyer LLC<sup>(b),(i)</sup>  | Chariot Buyer LLC<sup>(b),(i)</sup>  | Chariot Buyer LLC<sup>(b),(i)</sup>  | Chariot Buyer LLC<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.750% <br>09/08/2032<br>| &nbsp;&nbsp; 6.423% | 199499 | &nbsp;&nbsp; 198683 |
| LSF12 Helix Parent LLC<sup>(b),(i)</sup>  | LSF12 Helix Parent LLC<sup>(b),(i)</sup>  | LSF12 Helix Parent LLC<sup>(b),(i)</sup>  | LSF12 Helix Parent LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.500% <br>02/10/2033<br>| &nbsp;&nbsp; 7.173% | 61498 | &nbsp;&nbsp; 61425 |
| Pinnacle Buyer LLC<sup>(b),(i),(j)</sup>  | Pinnacle Buyer LLC<sup>(b),(i),(j)</sup>  | Pinnacle Buyer LLC<sup>(b),(i),(j)</sup>  | Pinnacle Buyer LLC<sup>(b),(i),(j)</sup>  |
| Tranche B Delayed Draw Term Loan | Tranche B Delayed Draw Term Loan | Tranche B Delayed Draw Term Loan | Tranche B Delayed Draw Term Loan |
| 3-month Term SOFR + 1.250% <br>10/01/2032<br>| &nbsp;&nbsp; 1.250% | 24194 | &nbsp;&nbsp; 24204 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Pinnacle Buyer LLC<sup>(b),(i)</sup>  | Pinnacle Buyer LLC<sup>(b),(i)</sup>  | Pinnacle Buyer LLC<sup>(b),(i)</sup>  | Pinnacle Buyer LLC<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.500% <br>10/01/2032<br>| &nbsp;&nbsp; 6.161% | 125492 | &nbsp;&nbsp; 125544 |
| Salas O'Brien, Inc.<sup>(b),(i),(j)</sup>  | Salas O'Brien, Inc.<sup>(b),(i),(j)</sup>  | Salas O'Brien, Inc.<sup>(b),(i),(j)</sup>  | Salas O'Brien, Inc.<sup>(b),(i),(j)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 0.000% <br>01/22/2033<br>|  | 1882 | &nbsp;&nbsp; 1875 |
| Salas O'Brien, Inc.<sup>(b),(i)</sup>  | Salas O'Brien, Inc.<sup>(b),(i)</sup>  | Salas O'Brien, Inc.<sup>(b),(i)</sup>  | Salas O'Brien, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>01/31/2033<br>| &nbsp;&nbsp; 6.423% | 14585 | &nbsp;&nbsp; 14530 |
| Xplor T1 LLC<sup>(b),(i)</sup>  | Xplor T1 LLC<sup>(b),(i)</sup>  | Xplor T1 LLC<sup>(b),(i)</sup>  | Xplor T1 LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>12/01/2032<br>| &nbsp;&nbsp; 7.292% | 103586 | &nbsp;&nbsp; 93228 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **758787** |
| **Packaging 0.6%** | **Packaging 0.6%** | **Packaging 0.6%** | **Packaging 0.6%** |
| Clydesdale Acquisition Holdings, Inc.<sup>(b),(i),(j)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(i),(j)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(i),(j)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(i),(j)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 1-month Term SOFR + 3.175% <br>Floor 0.500% <br>04/13/2029<br>| &nbsp;&nbsp; 6.848% | 250000 | &nbsp;&nbsp; 247755 |
| Owens-Brockway Glass Container, Inc.<sup>(b),(i)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(i)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(i)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(i)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 3.000% <br>09/30/2032<br>| &nbsp;&nbsp; 6.673% | 96429 | &nbsp;&nbsp; 96428 |
| ProAmpac PG Borrower LLC<sup>(b),(i),(j)</sup>  | ProAmpac PG Borrower LLC<sup>(b),(i),(j)</sup>  | ProAmpac PG Borrower LLC<sup>(b),(i),(j)</sup>  | ProAmpac PG Borrower LLC<sup>(b),(i),(j)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.000% <br>02/18/2033<br>|  | 73446 | &nbsp;&nbsp; 72437 |
| Tosca Services LLC<sup>(b),(i)</sup>  | Tosca Services LLC<sup>(b),(i)</sup>  | Tosca Services LLC<sup>(b),(i)</sup>  | Tosca Services LLC<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.500% <br>11/30/2028<br>| &nbsp;&nbsp; 5.273% | 201720 | &nbsp;&nbsp; 187263 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **603883** |
| **Paper 0.2%** | **Paper 0.2%** | **Paper 0.2%** | **Paper 0.2%** |
| Verde Purchaser LLC<sup>(b),(i),(j)</sup>  | Verde Purchaser LLC<sup>(b),(i),(j)</sup>  | Verde Purchaser LLC<sup>(b),(i),(j)</sup>  | Verde Purchaser LLC<sup>(b),(i),(j)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.000% <br>11/30/2030<br>| &nbsp;&nbsp; 7.672% | 250000 | &nbsp;&nbsp; 246812 |
| **Pharmaceuticals 0.3%** | **Pharmaceuticals 0.3%** | **Pharmaceuticals 0.3%** | **Pharmaceuticals 0.3%** |
| Alkermes, Inc.<sup>(b),(i)</sup>  | Alkermes, Inc.<sup>(b),(i)</sup>  | Alkermes, Inc.<sup>(b),(i)</sup>  | Alkermes, Inc.<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.750% <br>08/12/2031<br>| &nbsp;&nbsp; 6.423% | 14710 | &nbsp;&nbsp; 14674 |

---

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(i)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(i)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(i)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(i)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| 6-month Term SOFR + 2.750% <br>01/27/2032<br>| &nbsp;&nbsp; 6.387% | 297750 | &nbsp;&nbsp; 297440 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **312114** |
| **Property & Casualty 0.9%** | **Property & Casualty 0.9%** | **Property & Casualty 0.9%** | **Property & Casualty 0.9%** |
| Alliant Holdings Intermediate LLC<sup>(b),(i)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(i)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(i)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>09/19/2031<br>| &nbsp;&nbsp; 6.173% | 297750 | &nbsp;&nbsp; 290512 |
| AmWINS Group, Inc.<sup>(b),(i)</sup>  | AmWINS Group, Inc.<sup>(b),(i)</sup>  | AmWINS Group, Inc.<sup>(b),(i)</sup>  | AmWINS Group, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>01/30/2032<br>| &nbsp;&nbsp; 5.673% | 199496 | &nbsp;&nbsp; 197184 |
| Broadstreet Partners Group LLC<sup>(b),(i),(j)</sup>  | Broadstreet Partners Group LLC<sup>(b),(i),(j)</sup>  | Broadstreet Partners Group LLC<sup>(b),(i),(j)</sup>  | Broadstreet Partners Group LLC<sup>(b),(i),(j)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.500% <br>06/13/2031<br>| &nbsp;&nbsp; 6.173% | 187333 | &nbsp;&nbsp; 178884 |
| Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(i)</sup>  | Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(i)</sup>  | Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(i)</sup>  | Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>07/31/2031<br>| &nbsp;&nbsp; 6.173% | 297750 | &nbsp;&nbsp; 287775 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **954355** |
| **Restaurants 0.2%** | **Restaurants 0.2%** | **Restaurants 0.2%** | **Restaurants 0.2%** |
| Flynn Restaurant Group LP<sup>(b),(i),(j)</sup>  | Flynn Restaurant Group LP<sup>(b),(i),(j)</sup>  | Flynn Restaurant Group LP<sup>(b),(i),(j)</sup>  | Flynn Restaurant Group LP<sup>(b),(i),(j)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.750% <br>01/28/2032<br>| &nbsp;&nbsp; 7.423% | 44330 | &nbsp;&nbsp; 43527 |
| IRB Holding Corp.<sup>(b),(i)</sup>  | IRB Holding Corp.<sup>(b),(i)</sup>  | IRB Holding Corp.<sup>(b),(i)</sup>  | IRB Holding Corp.<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.500% <br>12/15/2030<br>| &nbsp;&nbsp; 6.173% | 149203 | &nbsp;&nbsp; 148565 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **192092** |
| **Retailers 1.1%** | **Retailers 1.1%** | **Retailers 1.1%** | **Retailers 1.1%** |
| Beach Acquisition Bidco LLC<sup>(b),(i)</sup>  | Beach Acquisition Bidco LLC<sup>(b),(i)</sup>  | Beach Acquisition Bidco LLC<sup>(b),(i)</sup>  | Beach Acquisition Bidco LLC<sup>(b),(i)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 3.250% <br>09/12/2032<br>| &nbsp;&nbsp; 6.922% | 300000 | &nbsp;&nbsp; 300375 |
| Harbor Freight Tools USA, Inc.<sup>(b),(i)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(i)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(i)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>06/11/2031<br>| &nbsp;&nbsp; 5.923% | 297733 | &nbsp;&nbsp; 292841 |
| LS Group Opco Acquisition LLC/PropCo<sup>(b),(i)</sup>  | LS Group Opco Acquisition LLC/PropCo<sup>(b),(i)</sup>  | LS Group Opco Acquisition LLC/PropCo<sup>(b),(i)</sup>  | LS Group Opco Acquisition LLC/PropCo<sup>(b),(i)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 2.500% <br>04/23/2031<br>| &nbsp;&nbsp; 6.173% | 199498 | &nbsp;&nbsp; 199248 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Mavis Tire Express Services Topco Corp.<sup>(b),(i)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(i)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(i)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.000% <br>05/04/2028<br>| &nbsp;&nbsp; 6.673% | 297750 | &nbsp;&nbsp; 296946 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1089410** |
| **Technology 6.0%** | **Technology 6.0%** | **Technology 6.0%** | **Technology 6.0%** |
| Ahead DB Holdings LLC<sup>(b),(i),(j)</sup>  | Ahead DB Holdings LLC<sup>(b),(i),(j)</sup>  | Ahead DB Holdings LLC<sup>(b),(i),(j)</sup>  | Ahead DB Holdings LLC<sup>(b),(i),(j)</sup>  |
| Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan |
| 3-month Term SOFR + 2.500% <br>Floor 0.750% <br>02/01/2031<br>| &nbsp;&nbsp; 6.172% | 250000 | &nbsp;&nbsp; 242890 |
| Applied Systems, Inc.<sup>(b),(i),(j)</sup>  | Applied Systems, Inc.<sup>(b),(i),(j)</sup>  | Applied Systems, Inc.<sup>(b),(i),(j)</sup>  | Applied Systems, Inc.<sup>(b),(i),(j)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| 1-month Term SOFR + 2.250% <br>02/24/2031<br>| &nbsp;&nbsp; 5.924% | 199499 | &nbsp;&nbsp; 195231 |
| Ascend Learning LLC<sup>(b),(i)</sup>  | Ascend Learning LLC<sup>(b),(i)</sup>  | Ascend Learning LLC<sup>(b),(i)</sup>  | Ascend Learning LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/11/2028<br>| &nbsp;&nbsp; 6.673% | 297750 | &nbsp;&nbsp; 282863 |
| BCPE Pequod Buyer, Inc.<sup>(b),(i),(j)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(i),(j)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(i),(j)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(i),(j)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>11/25/2031<br>| &nbsp;&nbsp; 6.417% | 200000 | &nbsp;&nbsp; 189752 |
| Calabrio, Inc.<sup>(b),(i)</sup>  | Calabrio, Inc.<sup>(b),(i)</sup>  | Calabrio, Inc.<sup>(b),(i)</sup>  | Calabrio, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.000% <br>11/26/2032<br>| &nbsp;&nbsp; 7.673% | 122727 | &nbsp;&nbsp; 97773 |
| Clearwater Analytics LLC<sup>(b),(i)</sup>  | Clearwater Analytics LLC<sup>(b),(i)</sup>  | Clearwater Analytics LLC<sup>(b),(i)</sup>  | Clearwater Analytics LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>04/21/2032<br>| &nbsp;&nbsp; 5.677% | 199500 | &nbsp;&nbsp; 199167 |
| Cloud Software Group, Inc.<sup>(b),(i)</sup>  | Cloud Software Group, Inc.<sup>(b),(i)</sup>  | Cloud Software Group, Inc.<sup>(b),(i)</sup>  | Cloud Software Group, Inc.<sup>(b),(i)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 3-month Term SOFR + 3.250% <br>03/21/2031<br>| &nbsp;&nbsp; 6.922% | 298500 | &nbsp;&nbsp; 276560 |
| CoreLogic, Inc.<sup>(b),(i)</sup>  | CoreLogic, Inc.<sup>(b),(i)</sup>  | CoreLogic, Inc.<sup>(b),(i)</sup>  | CoreLogic, Inc.<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.500% <br>Floor 0.500% <br>06/02/2028<br>| &nbsp;&nbsp; 7.287% | 297669 | &nbsp;&nbsp; 282041 |
| Cotiviti, Inc.<sup>(b),(i)</sup>  | Cotiviti, Inc.<sup>(b),(i)</sup>  | Cotiviti, Inc.<sup>(b),(i)</sup>  | Cotiviti, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>05/01/2031<br>| &nbsp;&nbsp; 6.421% | 646855 | &nbsp;&nbsp; 571858 |
| Darktrace Finco US LLC<sup>(b),(i)</sup>  | Darktrace Finco US LLC<sup>(b),(i)</sup>  | Darktrace Finco US LLC<sup>(b),(i)</sup>  | Darktrace Finco US LLC<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.250% <br>10/09/2031<br>| &nbsp;&nbsp; 6.898% | 297750 | &nbsp;&nbsp; 282118 |

---

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Dayforce Bidco LLC<sup>(b),(i)</sup>  | Dayforce Bidco LLC<sup>(b),(i)</sup>  | Dayforce Bidco LLC<sup>(b),(i)</sup>  | Dayforce Bidco LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>02/04/2033<br>| &nbsp;&nbsp; 6.661% | 150153 | &nbsp;&nbsp; 138034 |
| Ellucian Holdings, Inc.<sup>(b),(i)</sup>  | Ellucian Holdings, Inc.<sup>(b),(i)</sup>  | Ellucian Holdings, Inc.<sup>(b),(i)</sup>  | Ellucian Holdings, Inc.<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.500% <br>10/08/2029<br>| &nbsp;&nbsp; 6.173% | 149248 | &nbsp;&nbsp; 144078 |
| Fortress Intermediate 3, Inc.<sup>(b),(i),(l)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(i),(l)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(i),(l)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(i),(l)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 3.000% <br>06/27/2031<br>| &nbsp;&nbsp; 6.668% | 299250 | &nbsp;&nbsp; 290272 |
| Icon Parent I, Inc.<sup>(b),(i)</sup>  | Icon Parent I, Inc.<sup>(b),(i)</sup>  | Icon Parent I, Inc.<sup>(b),(i)</sup>  | Icon Parent I, Inc.<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.750% <br>11/13/2031<br>| &nbsp;&nbsp; 6.445% | 150000 | &nbsp;&nbsp; 141719 |
| IGT Holding IV AB<sup>(b),(i),(j)</sup>  | IGT Holding IV AB<sup>(b),(i),(j)</sup>  | IGT Holding IV AB<sup>(b),(i),(j)</sup>  | IGT Holding IV AB<sup>(b),(i),(j)</sup>  |
| Tranche B7 Term Loan | Tranche B7 Term Loan | Tranche B7 Term Loan | Tranche B7 Term Loan |
| 3-month Term SOFR + 3.000% <br>09/01/2031<br>| &nbsp;&nbsp; 6.672% | 177493 | &nbsp;&nbsp; 172612 |
| ION Platform Finance US, Inc.<sup>(b),(i)</sup>  | ION Platform Finance US, Inc.<sup>(b),(i)</sup>  | ION Platform Finance US, Inc.<sup>(b),(i)</sup>  | ION Platform Finance US, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.750% <br>10/07/2032<br>| &nbsp;&nbsp; 7.422% | 123214 | &nbsp;&nbsp; 100844 |
| McAfee Corp.<sup>(b),(i)</sup>  | McAfee Corp.<sup>(b),(i)</sup>  | McAfee Corp.<sup>(b),(i)</sup>  | McAfee Corp.<sup>(b),(i)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 3.000% <br>03/01/2029<br>| &nbsp;&nbsp; 6.673% | 250000 | &nbsp;&nbsp; 216875 |
| Mitchell International, Inc.<sup>(b),(i)</sup>  | Mitchell International, Inc.<sup>(b),(i)</sup>  | Mitchell International, Inc.<sup>(b),(i)</sup>  | Mitchell International, Inc.<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.000% <br>06/17/2031<br>| &nbsp;&nbsp; 6.673% | 297739 | &nbsp;&nbsp; 273735 |
| Nielsen Consumer, Inc.<sup>(b),(i)</sup>  | Nielsen Consumer, Inc.<sup>(b),(i)</sup>  | Nielsen Consumer, Inc.<sup>(b),(i)</sup>  | Nielsen Consumer, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>10/31/2030<br>| &nbsp;&nbsp; 5.923% | 297754 | &nbsp;&nbsp; 287332 |
| Peraton Corp.<sup>(b),(i)</sup>  | Peraton Corp.<sup>(b),(i)</sup>  | Peraton Corp.<sup>(b),(i)</sup>  | Peraton Corp.<sup>(b),(i)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 3.750% <br>Floor 0.750% <br>02/01/2028<br>| &nbsp;&nbsp; 7.517% | 250000 | &nbsp;&nbsp; 213360 |
| Ping Identity Holding Corp.<sup>(b),(i)</sup>  | Ping Identity Holding Corp.<sup>(b),(i)</sup>  | Ping Identity Holding Corp.<sup>(b),(i)</sup>  | Ping Identity Holding Corp.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>11/15/2032<br>| &nbsp;&nbsp; 6.410% | 96154 | &nbsp;&nbsp; 93870 |
| Project Boost Purchaser LLC<sup>(b),(i)</sup>  | Project Boost Purchaser LLC<sup>(b),(i)</sup>  | Project Boost Purchaser LLC<sup>(b),(i)</sup>  | Project Boost Purchaser LLC<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.750% <br>07/16/2031<br>| &nbsp;&nbsp; 6.422% | 250000 | &nbsp;&nbsp; 237813 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Shift4 Payments LLC<sup>(b),(i)</sup>  | Shift4 Payments LLC<sup>(b),(i)</sup>  | Shift4 Payments LLC<sup>(b),(i)</sup>  | Shift4 Payments LLC<sup>(b),(i)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.000% <br>07/03/2032<br>| &nbsp;&nbsp; 5.652% | 299250 | &nbsp;&nbsp; 298876 |
| UKG, Inc.<sup>(b),(i),(j)</sup>  | UKG, Inc.<sup>(b),(i),(j)</sup>  | UKG, Inc.<sup>(b),(i),(j)</sup>  | UKG, Inc.<sup>(b),(i),(j)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.500% <br>02/10/2031<br>| &nbsp;&nbsp; 6.167% | 250000 | &nbsp;&nbsp; 226625 |
| Ultra Clean Holdings, Inc.<sup>(b),(i)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(i)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(i)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>02/25/2028<br>| &nbsp;&nbsp; 6.423% | 294375 | &nbsp;&nbsp; 294867 |
| Viavi Solutions, Inc.<sup>(b),(i)</sup>  | Viavi Solutions, Inc.<sup>(b),(i)</sup>  | Viavi Solutions, Inc.<sup>(b),(i)</sup>  | Viavi Solutions, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.500% <br>10/16/2032<br>| &nbsp;&nbsp; 6.171% | 208333 | &nbsp;&nbsp; 208767 |
| VS Buyer LLC<sup>(b),(i)</sup>  | VS Buyer LLC<sup>(b),(i)</sup>  | VS Buyer LLC<sup>(b),(i)</sup>  | VS Buyer LLC<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.250% <br>04/12/2031<br>| &nbsp;&nbsp; 5.917% | 166500 | &nbsp;&nbsp; 160811 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6120743** |
| **Tobacco 0.0%** | **Tobacco 0.0%** | **Tobacco 0.0%** | **Tobacco 0.0%** |
| Savor Acquisition, Inc.<sup>(b),(i)</sup>  | Savor Acquisition, Inc.<sup>(b),(i)</sup>  | Savor Acquisition, Inc.<sup>(b),(i)</sup>  | Savor Acquisition, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>02/19/2032<br>| &nbsp;&nbsp; 6.667% | 37406 | &nbsp;&nbsp; 37422 |
| **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** |
| Signature Aviation US Holdings, Inc.<sup>(b),(i)</sup>  | Signature Aviation US Holdings, Inc.<sup>(b),(i)</sup>  | Signature Aviation US Holdings, Inc.<sup>(b),(i)</sup>  | Signature Aviation US Holdings, Inc.<sup>(b),(i)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 3-month Term SOFR + 2.500% <br>Floor 0.500% <br>07/01/2031<br>| &nbsp;&nbsp; 6.170% | 297739 | &nbsp;&nbsp; 298167 |
| Student Transportation of America Holdings, Inc<sup>(b),(i),(j)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(i),(j)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(i),(j)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(i),(j)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 1.750% <br>06/24/2032<br>|  | 16929 | &nbsp;&nbsp; 16980 |
| Student Transportation of America Holdings, Inc<sup>(b),(i)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(i)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(i)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(i)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.750% <br>06/24/2032<br>| &nbsp;&nbsp; 6.402% | 22504 | &nbsp;&nbsp; 22572 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **337719** |

---

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Wireless 0.3%** | **Wireless 0.3%** | **Wireless 0.3%** | **Wireless 0.3%** |
| Crown Subsea Communications Holding, Inc.<sup>(b),(i)</sup>  | Crown Subsea Communications Holding, Inc.<sup>(b),(i)</sup>  | Crown Subsea Communications Holding, Inc.<sup>(b),(i)</sup>  | Crown Subsea Communications Holding, Inc.<sup>(b),(i)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>Floor 0.750% <br>01/30/2031<br>| &nbsp;&nbsp; 6.673% | 299244 | &nbsp;&nbsp; 299433 |
| Total Senior Loans <br>(Cost $24,640,569) | Total Senior Loans <br>(Cost $24,640,569) | Total Senior Loans <br>(Cost $24,640,569) | &nbsp;&nbsp; **24084012** |
| **U.S. Treasury Obligations 2.3%** | **U.S. Treasury Obligations 2.3%** | **U.S. Treasury Obligations 2.3%** | **U.S. Treasury Obligations 2.3%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| U.S. Treasury | U.S. Treasury | U.S. Treasury | U.S. Treasury |
| 04/30/2027 | &nbsp;&nbsp; 3.750% | 1500000 | &nbsp;&nbsp; 1504336 |
| 04/30/2030 | &nbsp;&nbsp; 3.875% | 850000 | &nbsp;&nbsp; 863082 |
| Total U.S. Treasury Obligations <br>(Cost $2,355,548) | Total U.S. Treasury Obligations <br>(Cost $2,355,548) | Total U.S. Treasury Obligations <br>(Cost $2,355,548) | &nbsp;&nbsp; **2367418** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 21.8%** | **Money Market Funds 21.8%** | **Money Market Funds 21.8%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(m),(n)</sup> <br>| &nbsp;&nbsp; 22228450 | &nbsp;&nbsp; 22224005 |
| Total Money Market Funds <br>(Cost $22,220,221) | Total Money Market Funds <br>(Cost $22,220,221) | &nbsp;&nbsp; **22224005** |
| **Total Investments in Securities** <br>**(Cost: $145,722,420)** | **Total Investments in Securities** <br>**(Cost: $145,722,420)** | &nbsp;&nbsp; **146340702** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(44557974)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **101782728** |

---

At February 28, 2026, securities and/or cash totaling $5,128,013 were pledged as collateral.

**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>|
| 2,119,915 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2,494,096 USD | Citi | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11218)<br>|
| 508,453 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 685,992 USD | Citi | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 769 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,866,223 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,578,980 EUR | Citi | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (186)<br>|
| 700,692 USD | &nbsp;&nbsp;&nbsp;&nbsp; 513,308 GBP | Citi | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8926)<br>|
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 769 | &nbsp;&nbsp;&nbsp;&nbsp; (20330)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| U.S. Treasury 10-Year Note | 255 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 29022188 | &nbsp;&nbsp;&nbsp;&nbsp; 129968 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond | 78 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 9484313 | &nbsp;&nbsp;&nbsp;&nbsp; 82968 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 212936 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| U.S. Treasury 5-Year Note | (108) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (11895188)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (38864)<br>|

---

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

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Receive** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Implied** <br>**credit** <br>**spread** <br>**(%)\***<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount** <br>| **Value** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| CDX Emerging Markets <br> Index, Series 44<br>| Morgan Stanley | 12/20/2030 | 1.000 | Quarterly | 1.347 | USD | 2050000 | 13563 |  |  | 13563 |  |
| CDX North America High <br> Yield Index, Series 45<br>| Morgan Stanley | 12/20/2030 | 5.000 | Quarterly | 3.304 | USD | 62607600 | 245351 |  |  | 245351 |  |
| Total |  |  |  |  |  |  |  | 258914 |  |  | 258914 |  |

---

\* Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At February 28, 2026, the total value of these securities amounted to $35,560,982, which represents 34.94% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable rate security. The interest rate shown was the current rate as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(c) 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;(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 interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Represents a security purchased on a when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(i) The stated interest rate represents the weighted average interest rate at February 28, 2026 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Represents a security purchased on a forward commitment basis.

&nbsp;&nbsp;&nbsp;&nbsp;(k) At February 28, 2026, the Fund had unfunded senior loan commitments pursuant to the terms of the loan agreement. The Fund receives a stated coupon rate until the borrower draws on the loan commitment, at which time the rate will become the stated rate in the loan agreement.

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

---

| | |
|:---|:---|
| **Borrower** | **Unfunded Commitment ($)** |
| US Fertility Enterprises LLC <br>Delayed Draw Term Loan <br>12/30/2032 1.750%<br>| 5666 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(l) Valuation based on significant unobservable inputs.

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

&nbsp;&nbsp;&nbsp;&nbsp;(n) 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% |
|  | 24331843 | &nbsp;&nbsp; 28846072 | &nbsp;&nbsp; (30956931)<br>| &nbsp;&nbsp; 3021 | &nbsp;&nbsp; 22224005 | &nbsp;&nbsp; 697 | &nbsp;&nbsp; 500988 | &nbsp;&nbsp; 22228450 |

---

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Abbreviation Legend** 

CMO Collateralized Mortgage Obligation <br> SOFR Secured Overnight Financing Rate <br> TBA To Be Announced

**Currency Legend** 

EUR Euro <br> GBP British Pound <br> 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 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** |  |  |  |  |
| Asset-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 15461754 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15461754 |
| Corporate Bonds & Notes |  | &nbsp;&nbsp;&nbsp;&nbsp; 757681 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 757681 |
| Foreign Government Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 19543867 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19543867 |
| Residential Mortgage-Backed Securities - Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 53346029 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 53346029 |
| Residential Mortgage-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 8555936 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8555936 |
| Senior Loans |  | &nbsp;&nbsp;&nbsp;&nbsp; 23735477 | &nbsp;&nbsp;&nbsp;&nbsp; 348535 | &nbsp;&nbsp;&nbsp;&nbsp; 24084012 |

---

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| U.S. Treasury Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 2367418 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2367418 |
| Money Market Funds | 22224005 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22224005 |
| Total Investments in Securities | 22224005 | &nbsp;&nbsp;&nbsp;&nbsp; 123768162 | &nbsp;&nbsp;&nbsp;&nbsp; 348535 | &nbsp;&nbsp;&nbsp;&nbsp; 146340702 |
| **Investments in Derivatives** |  |  |  |  |
| Asset |  |  |  |  |
| Forward Foreign Currency Exchange Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; 769 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 769 |
| Futures Contracts | 212936 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 212936 |
| Swap Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; 258914 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 258914 |
| Liability |  |  |  |  |
| Forward Foreign Currency Exchange Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; (20330)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (20330)<br>|
| Futures Contracts | (38864)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (38864)<br>|
| Total | 22398077 | &nbsp;&nbsp;&nbsp;&nbsp; 124007515 | &nbsp;&nbsp;&nbsp;&nbsp; 348535 | &nbsp;&nbsp;&nbsp;&nbsp; 146754127 |

---

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 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.

Multisector Bond SMA Completion Portfolio \| 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 $123,502,199) | $124116697 |
| Affiliated issuers (cost $22,220,221) | 22224005 |
| Cash | 55937 |
| Margin deposits on: |  |
| Futures contracts | 792075 |
| Swap contracts | 4335938 |
| Unrealized appreciation on forward foreign currency exchange contracts | 769 |
| Receivable for: |  |
| Investments sold | 469 |
| Investments sold on a delayed delivery basis  | 187636 |
| Capital shares sold | 320 |
| Dividends | 59451 |
| Interest | 588153 |
| Variation margin for futures contracts | 171609 |
| Variation margin for swap contracts | 266063 |
| Expense reimbursement due from Investment Manager | 450 |
| Prepaid expenses | 1163 |
| Deferred compensation of board members | 10489 |
| Other assets | 2137 |
| Total assets | 152813361 |
| **Liabilities** |  |
| Unrealized depreciation on forward foreign currency exchange contracts | 20330 |
| Payable for: |  |
| Investments purchased | 580084 |
| Investments purchased on a delayed delivery basis | 50323838 |
| Variation margin for futures contracts | 34594 |
| Variation margin for swap contracts | 4549 |
| Transfer agent fees | 14 |
| Compensation of chief compliance officer | 7 |
| Compensation of board members | 979 |
| Other expenses | 30295 |
| Deferred compensation of board members | 35943 |
| Total liabilities | 51030633 |
| **Net assets applicable to outstanding capital stock** | **$101782728** |
| **Represented by** |  |
| Paid in capital | 101457281 |
| Total distributable earnings (loss) | 325447 |
| **Total - representing net assets applicable to outstanding capital stock** | **$101782728** |
| Shares outstanding | 7192007 |
| Net asset value per share | 14.15 |

---

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

Multisector Bond SMA Completion Portfolio \| 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 | $500988 |
| Interest | 1663158 |
| Interfund lending | 70 |
| Foreign taxes withheld | (1197)<br>|
| Total income | 2163019 |
| Expenses: |  |
| Transfer agent fees | 1664 |
| Custodian fees | 12835 |
| Printing and postage fees | 5119 |
| Registration fees | 22859 |
| Accounting services fees | 15831 |
| Legal fees | 8940 |
| Compensation of chief compliance officer | 7 |
| Compensation of board members | 5875 |
| Deferred compensation of board members | 3803 |
| Other | 2471 |
| Total expenses | 79404 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (79404)<br>|
| Total net expenses |  |
| **Net investment income** | 2163019 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 729919 |
| Investments — affiliated issuers | 697 |
| Foreign currency translations | 1512 |
| Forward foreign currency exchange contracts | (12054)<br>|
| Futures contracts | (187530)<br>|
| Swap contracts | 1148876 |
| Increase from payment by affiliate  | 1270 |
| Net realized gain | 1682690 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 149917 |
| Investments — affiliated issuers | 3021 |
| Foreign currency translations | (105)<br>|
| Forward foreign currency exchange contracts | (2721)<br>|
| Futures contracts | 218834 |
| Swap contracts | (796571)<br>|
| Net change in unrealized appreciation (depreciation) | (427625)<br>|
| Net realized and unrealized gain | 1255065 |
| **Net increase in net assets resulting from operations** | **$3418084** |

---

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

Multisector Bond SMA Completion Portfolio \| 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 | $2163019 | &nbsp;&nbsp; $1174007 |
| Net realized gain | 1682690 | &nbsp;&nbsp; 670664 |
| Net change in unrealized appreciation (depreciation) | (427625)<br>| &nbsp;&nbsp; 1411540 |
| Net increase in net assets resulting from operations | 3418084 | &nbsp;&nbsp; 3256211 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains | (4126682)<br>| &nbsp;&nbsp; (1156443)<br>|
| Total distributions to shareholders | (4126682)<br>| &nbsp;&nbsp; (1156443)<br>|
| Increase in net assets from capital stock activity | 37664246 | &nbsp;&nbsp; 60017808 |
| Total increase in net assets | 36955648 | &nbsp;&nbsp; 62117576 |
| Net assets at beginning of period | 64827080 | &nbsp;&nbsp; 2709504 |
| **Net assets at end of period** | **$101782728** | &nbsp;&nbsp; **$64827080** |

---

&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** |
| Shares sold | 2775849 | &nbsp;&nbsp;&nbsp;&nbsp; 39713815 | &nbsp;&nbsp;&nbsp;&nbsp; 4624788 | &nbsp;&nbsp;&nbsp;&nbsp; 63678454 |
| Distributions reinvested | 292547 | &nbsp;&nbsp;&nbsp;&nbsp; 4126682 | &nbsp;&nbsp;&nbsp;&nbsp; 83276 | &nbsp;&nbsp;&nbsp;&nbsp; 1156443 |
| Shares redeemed | (433309)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6176251)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (349734)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4817089)<br>|
| **Total net increase** | **2635087** | &nbsp;&nbsp;&nbsp;&nbsp; **37664246** | &nbsp;&nbsp;&nbsp;&nbsp; **4358330** | &nbsp;&nbsp;&nbsp;&nbsp; **60017808** |

---

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

Multisector Bond SMA Completion Portfolio \| 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 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%.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** |
|  | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Per share data** |  |  |  |  |  |  |
| Net asset value, beginning of period | $14.23 | &nbsp;&nbsp;&nbsp; $13.64 | &nbsp;&nbsp;&nbsp; $12.50 | &nbsp;&nbsp;&nbsp; $11.58 | &nbsp;&nbsp;&nbsp; $12.72 | &nbsp;&nbsp;&nbsp; $11.73 |
| **Income from investment operations:** |  |  |  |  |  |  |
| Net investment income | 0.36 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.67 | &nbsp;&nbsp;&nbsp;&nbsp;0.52 | &nbsp;&nbsp;&nbsp;&nbsp;0.21 | &nbsp;&nbsp;&nbsp;&nbsp;0.05 |
| Net realized and unrealized gain (loss) | 0.23 | &nbsp;&nbsp;&nbsp;&nbsp;0.53 | &nbsp;&nbsp;&nbsp;&nbsp;1.14 | &nbsp;&nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp; (0.99)<br>| &nbsp;&nbsp;&nbsp;&nbsp;0.99 |
| Increase from payment by affiliate |  | &nbsp;&nbsp;&nbsp;&nbsp;0.00 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Total from investment operations | 0.59 | &nbsp;&nbsp;&nbsp;&nbsp;1.17 | &nbsp;&nbsp;&nbsp;&nbsp;1.81 | &nbsp;&nbsp;&nbsp;&nbsp;1.44 | &nbsp;&nbsp;&nbsp; (0.78)<br>| &nbsp;&nbsp;&nbsp;&nbsp;1.04 |
| **Less distributions to shareholders from:** |  |  |  |  |  |  |
| Net investment income | (0.36)<br>| &nbsp;&nbsp;&nbsp; (0.58)<br>| &nbsp;&nbsp;&nbsp; (0.67)<br>| &nbsp;&nbsp;&nbsp; (0.52)<br>| &nbsp;&nbsp;&nbsp; (0.27)<br>| &nbsp;&nbsp;&nbsp; (0.05)<br>|
| Net realized gains | (0.31)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.09)<br>| &nbsp;&nbsp;&nbsp; — |
| Total distributions to shareholders | (0.67)<br>| &nbsp;&nbsp;&nbsp; (0.58)<br>| &nbsp;&nbsp;&nbsp; (0.67)<br>| &nbsp;&nbsp;&nbsp; (0.52)<br>| &nbsp;&nbsp;&nbsp; (0.36)<br>| &nbsp;&nbsp;&nbsp; (0.05)<br>|
| Net asset value, end of period | $14.15 | &nbsp;&nbsp;&nbsp; $14.23 | &nbsp;&nbsp;&nbsp; $13.64 | &nbsp;&nbsp;&nbsp; $12.50 | &nbsp;&nbsp;&nbsp; $11.58 | &nbsp;&nbsp;&nbsp; $12.72 |
| Total return | 4.26<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.79 %<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.90<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12.58<br> %<br>| &nbsp;&nbsp;&nbsp; (6.21<br> %)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.91<br> %<br>|
| **Ratios to average net assets** |  |  |  |  |  |  |
| Total gross expenses<sup>(b)</sup> <br>| 0.19<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.35<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.62 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.72 %<sup>(c)</sup><br>|
| Total net expenses<sup>(b),(d)</sup> <br>| 0.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00<br> %<br>| &nbsp;&nbsp;&nbsp; (0.01 )%<sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00 %<sup>(c)</sup><br>|
| Net investment income | 5.11<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.69<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.17<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.66<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.37<br> %<br>|
| **Supplemental data** |  |  |  |  |  |  |
| Portfolio turnover | 279<br> %<br>| &nbsp;&nbsp;&nbsp; 656<br> %<br>| &nbsp;&nbsp;&nbsp; 967<br> %<br>| &nbsp;&nbsp;&nbsp; 1,205<br> %<br>| &nbsp;&nbsp;&nbsp; 372<br> %<br>| &nbsp;&nbsp;&nbsp; 15<br> %<br>|
| Net assets, end of period (in thousands) | $101783 | &nbsp;&nbsp;&nbsp; $64827 | &nbsp;&nbsp;&nbsp; $2710 | &nbsp;&nbsp;&nbsp; $2358 | &nbsp;&nbsp;&nbsp; $3007 | &nbsp;&nbsp;&nbsp; $22280 |

---

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

---

| | |
|:---|:---|
| **Notes to Financial Highlights** | **Notes to Financial Highlights** |
| (a) | The Fund received a payment from an affiliate. Had the Fund not received this payment, the total return would have been lower by 0.01%. |
| (b) | 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. |
| (c) | Ratios include interest on collateral expense. For the periods indicated below, if interest on collateral expense had been excluded, expenses would have been lower by: |

---

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

---

| | | |
|:---|:---|:---|
| **Class** | **8/31/2022** | **8/31/2021** |
| No Class | 0.01% | less than 0.01% |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Total net expenses include the impact of an expense reimbursement by the Investment Manager of indirect expenses related to investments in underlying funds. Had indirect expenses been incurred directly, the total net expense ratio would have been 0.00%.

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Multisector Bond SMA Completion Portfolio (the Fund), a series of Columbia Funds Series Trust I (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). Shares of the Fund may only be purchased and held by or on behalf of separately managed account (SMA) clients.

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.

Asset- and mortgage-backed securities are generally valued by pricing services, which utilize pricing models that incorporate the securities' cash flow and loan performance data. These models also take into account available market data, including trades, market quotations, and benchmark yield curves for identical or similar securities. Factors used to identify similar securities may include, but are not limited to, issuer, collateral type, vintage, prepayment speeds, collateral performance, credit ratings, credit enhancement and expected life. Asset-backed securities for which quotations are readily available may also be valued based upon an over-the-counter or exchange 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.

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Senior loan securities for which reliable market quotations are readily available are generally valued by pricing services at the average of the bids received.

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.

Futures and options on futures contracts are valued based upon the settlement price at the close of regular trading on their principal exchanges or, in the absence of a settlement price, at the mean of the latest quoted bid and ask prices.

Swap transactions are valued through an independent pricing service or broker, or if neither is available, through an internal model based upon observable inputs.

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

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 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.

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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.

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.

**Futures contracts**

Futures contracts are exchange-traded and represent commitments for the future purchase or sale of an asset at a specified price on a specified date. The Fund bought and sold futures contracts to manage its exposure to the securities markets or to movements in interest rates and currency values. A Fund invests in futures contracts as part of its primary investment strategy and/or to equitize its cash flows. Investments in futures contracts may increase or decrease exposure to a particular market. These instruments may be used for other purposes in future periods. Upon entering into futures contracts, the Fund bears risks that it may not achieve the anticipated benefits of the futures contracts and may realize a loss. Additional risks include counterparty credit risk, the possibility of an illiquid market, and that a change in the value of the contract or option may not correlate with changes in the value of the underlying asset.

Upon entering into a futures contract, the Fund deposits cash or securities with the broker, known as a futures commission merchant (FCM), in an amount sufficient to meet the initial margin requirement. The initial margin deposit must be maintained at an established level over the life of the contract. Cash deposited as initial margin is recorded in the Statement of Assets and Liabilities as margin deposits. Securities deposited as initial margin are designated in the Portfolio of Investments. Subsequent payments (variation margin) are made or received by the Fund each day. The variation margin payments are equal to the daily change in the contract value and are recorded as variation margin receivable or payable and are offset in unrealized gains or losses. The Fund generally expects to earn interest income on its margin deposits. The Fund recognizes a realized gain or loss when the contract is closed or expires. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed in the Statement of Assets and Liabilities.

**Swap contracts**

Swap contracts are negotiated in the over-the-counter market and are entered into bilaterally or centrally cleared (centrally cleared swap contract). In a centrally cleared swap contract, immediately following execution of the swap contract with a broker, the swap contract is novated to a central counterparty and the central counterparty becomes the Fund's counterparty to the centrally cleared swap contract. The Fund is required to deposit initial margin with the futures commission merchant (FCM), which pledges it through to the central counterparty in the form of cash or securities in an amount that varies depending on the size and risk profile of the particular swap contract. Securities deposited as initial margin are designated in the Portfolio of Investments and cash deposited is recorded in the Statement of Assets and Liabilities as margin deposits. For a bilateral swap contract, the Fund has credit exposure to the broker, but exchanges daily variation margin with the broker based on the marked-to-market value of the swap contract to minimize that exposure. For centrally cleared swap contracts, there is less credit exposure to the FCM than in the case of an over-the-counter derivative, because the central counterparty provides some protection in the case of clearing member default. The central counterparty

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

stands between the buyer and the seller of the swap contract; therefore, failure of the clearinghouse may pose additional counterparty credit risk. However, credit risk still exists in centrally cleared swaps to the extent initial and variation margin is held in an FCM's customer account. While FCMs are required to segregate customer margin from their own assets, in the event that an FCM becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the FCM for all its clients, U.S. bankruptcy laws will typically allocate that shortfall on a pro-rata basis across all of the FCM's customers (including the Fund) by account class, potentially resulting in losses to the Fund. Swap contracts are marked-to-market daily and changes in value are recorded as unrealized appreciation (depreciation). The daily change in valuation of centrally cleared swap contracts, if any, is recorded as a receivable or payable for variation margin in the Statement of Assets and Liabilities.

Entering into these contracts involves, to varying degrees, elements of interest, liquidity and counterparty credit risk in excess of the amounts recognized in the Statement of Assets and Liabilities. Such risks involve the possibility that there may be unfavorable changes in interest rates, market conditions or other conditions, that it may be difficult to initiate a swap transaction or liquidate a position at an advantageous time or price which may result in significant losses, and that the bilateral counterparty, FCM or central counterparty, as applicable, may not fulfill its obligation under the contract.

**Credit default swap contracts**

The Fund entered into credit default swap contracts to hedge or manage the risks associated with assets held in the Fund and/or to facilitate the implementation of portfolio strategies to seek to increase the total return. These swaps are entered into to provide a measure of protection against defaults of the issuers (i.e., to reduce risk where a Fund owns or has exposure to the referenced obligation) or to take an active long or short position with respect to the likelihood of a particular issuer's default. These instruments may be used for other purposes in future periods. Credit default swap contracts are transactions in which one party pays fixed periodic payments to a counterparty in consideration for an agreement from the counterparty to make a specific payment should a specified credit event(s) take place. Although specified credit events are contract specific, credit events are typically bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium.

As the purchaser of a credit default swap contract, the Fund purchases protection by paying a periodic interest rate on the notional amount to the counterparty. The interest amount is accrued daily as a component of unrealized appreciation (depreciation) and is recorded as a realized loss upon payment. If a credit event as specified in the contract occurs, the Fund may have the option either to deliver the reference obligation to the seller in exchange for a cash payment of its par amount, or to receive a net cash settlement equal to the par amount less an agreed-upon value of the reference obligation as of the date of the credit event. The difference between the value of the obligation or cash delivered and the notional amount received will be recorded as a realized gain (loss).

As the seller of a credit default swap contract, the Fund sells protection to a buyer and will generally receive a periodic interest rate on a notional amount. The interest amount is accrued daily as a component of unrealized appreciation (depreciation) and is recorded as a realized gain upon receipt of the payment. If a credit event as specified in the contract with the counterparty occurs, the Fund may either be required to accept the reference obligation from the buyer in exchange for a cash payment of its notional amount, or to pay the buyer a net cash settlement equal to the notional amount less an agreed-upon value of the reference obligation (recovery value) as of the date of the credit event. The difference between the value of the obligation or cash received and the notional amount paid will be recorded as a realized gain (loss). The maximum potential amount of undiscounted future payments the Fund could be required to make as the seller of protection under a credit default swap contract is equal to the notional amount of the reference obligation. These potential amounts may be partially offset by any recovery values of the respective reference obligations or upfront receipts upon entering into the agreement. The notional amounts and market values of all credit default swap contracts in which the Fund is the seller of protection, if any, are disclosed in the Credit Default Swap Contracts Outstanding schedule following the Portfolio of Investments.

As a protection seller, the Fund bears the risk of loss from the credit events specified in the contract with the counterparty. For credit default swap contracts on credit indices, quoted market prices and resulting market values serve as an indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract.

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Any upfront payment or receipt by the Fund upon entering into a credit default swap contract is recorded as an asset or liability, respectively, and amortized daily as a component of realized gain (loss) in the Statement of Operations. Credit default swap contracts are valued daily, and the change in value is recorded as unrealized appreciation (depreciation) until the termination of the swap, at which time a realized gain (loss) is recorded.

Credit default swap contracts can involve greater risks than if a fund had invested in the reference obligation directly since, in addition to general market risks, credit default swaps are subject to other risks including counterparty credit risk, leverage risk, hedging risk, correlation risk and liquidity risk.

**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:

---

| | | |
|:---|:---|:---|
|  | **Asset derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Credit risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 258,914<br> \*<br>|
| Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp; 769 |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 212,936<br> \*<br>|
| Total |  | &nbsp;&nbsp;&nbsp;&nbsp; 472619 |

---

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

---

| | | |
|:---|:---|:---|
|  | **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; 20330 |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 38,864<br> \*<br>|
| Total |  | &nbsp;&nbsp;&nbsp;&nbsp; 59194 |

---

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

\* Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day's variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of Assets and Liabilities.

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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** | **Amount of realized gain (loss) on derivatives recognized in income** | **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>**($)**<br>| &nbsp;&nbsp;&nbsp; **Futures** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Swap** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**($)**<br>|
| Credit risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1148876 | &nbsp;&nbsp;&nbsp;&nbsp; 1148864 |
| Foreign exchange risk | &nbsp;&nbsp; (12054)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12054)<br>|
| Interest rate risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (187518)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (187518)<br>|
| Total | &nbsp;&nbsp; (12054)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (187530)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1148876 | &nbsp;&nbsp;&nbsp;&nbsp; 949292 |
| **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **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>**($)**<br>| &nbsp;&nbsp;&nbsp; **Futures** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Swap** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**($)**<br>|
| Credit risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (796571)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (796571)<br>|
| Foreign exchange risk | &nbsp;&nbsp; (2721)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2721)<br>|
| Interest rate risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 218834 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 218834 |
| Total | &nbsp;&nbsp; (2721)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 218834 | &nbsp;&nbsp;&nbsp;&nbsp; (796571)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (580458)<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 notional** <br>**amounts ($)**<br>|
| Futures contracts — long | 43953595 |
| Futures contracts — short | 55403732 |
| Credit default swap contracts — sell protection | 41845574 |

---

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

---

| | | |
|:---|:---|:---|
| **Derivative instrument** | **Average unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Average unrealized** <br>**depreciation ($)**<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; 11122 | &nbsp;&nbsp;&nbsp;&nbsp; (12563)<br>|

---

**Investments in senior loans** 

The Fund may invest in senior loan assignments. When the Fund purchases an assignment of a senior loan, the Fund typically has direct rights against the borrower; provided, however, that the Fund's rights may be more limited than the lender from which it acquired the assignment and the Fund may be able to enforce its rights only through an administrative agent. Although certain senior loan assignments are secured by collateral, the Fund could experience delays or limitations in realizing such collateral or have its interest subordinated to other indebtedness of the obligor. In the event that the administrator or collateral agent of a loan becomes insolvent or enters into receivership or bankruptcy, the Fund may incur costs and delays in realizing payment or may suffer a loss of principal and/or interest. The risk of loss is greater for unsecured or subordinated loans. In addition, senior loan assignments are vulnerable to market, economic or other conditions or events that may reduce the demand for senior loan assignments and certain senior loan assignments which were liquid when purchased, may become illiquid.

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

The Fund may enter into senior loan assignments where all or a portion of the loan may be unfunded. The Fund is obligated to fund these commitments at the borrower's discretion. These commitments, if any, are generally traded and priced in the same manner as other senior loan securities and are disclosed as unfunded senior loan commitments in the Fund's Portfolio of Investments with a corresponding payable for investments purchased on a delayed delivery basis. The Fund designates cash or liquid securities to cover these commitments.

**Asset- and mortgage-backed securities** 

The Fund may invest in asset-backed and mortgage-backed securities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. All, or a portion, of the obligation may be prepaid at any time because the underlying asset may be prepaid. As a result, decreasing market interest rates could result in an increased level of prepayment. An increased prepayment rate will have the effect of shortening the maturity of the security. Unless otherwise noted, the coupon rates presented are fixed rates.

**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.

**To be announced securities** 

The Fund may trade securities on a To Be Announced (TBA) basis. As with other delayed-delivery transactions, a seller agrees to issue a TBA security at a future date. However, the seller does not specify the particular securities to be delivered. Instead, the Fund agrees to accept any security that meets specified terms.

In some cases, Master Securities Forward Transaction Agreements (MSFTAs) may be used to govern transactions of certain forward-settling agency mortgage-backed securities, such as delayed-delivery and TBAs, between the Fund and counterparty. The MSFTA maintains provisions for, among other things, initiation and confirmation, payment and transfer, events of default, termination, and maintenance of collateral relating to such transactions.

**Mortgage dollar roll transactions**

The Fund may enter into mortgage "dollar rolls" in which the Fund sells securities for delivery in the current month and simultaneously contracts with the same counterparty to repurchase similar but not identical securities (same type, coupon and maturity) on a specified future date. These transactions may increase the Fund's portfolio turnover rate. During the roll period, the Fund loses the right to receive principal and interest paid on the securities sold. However, the Fund may benefit because it receives negotiated amounts in the form of reductions of the purchase price for the future purchase plus the interest earned on the cash proceeds of the securities sold until the settlement date of the forward purchase. The Fund records the incremental difference between the forward purchase and sale of each forward roll as a realized gain or loss. Unless any realized gains exceed the income, capital appreciation, and gain or loss due to mortgage prepayments that would have been realized on the securities sold as part of the mortgage dollar roll, the use of this technique may diminish the investment performance of the Fund compared to what the performance would have been without the use of mortgage dollar rolls. Mortgage dollar rolls involve the risk that the market value of the securities the Fund is obligated to repurchase may decline below the repurchase price, or that the counterparty may default on its obligations. All cash proceeds will be invested in instruments that are permissible investments for the Fund. The Fund identifies cash or liquid securities in an amount equal to the forward purchase price. The Fund does not currently enter into mortgage dollar rolls that are accounted for as financing transactions.

**Interest only and principal only securities** 

The Fund may invest in Interest Only (IO) or Principal Only (PO) securities. IOs are stripped securities entitled to receive all of the security's interest, but none of its principal. IOs are particularly sensitive to changes in interest rates and therefore subject to greater fluctuations in price than typical interest bearing debt securities. IOs are also subject to credit risk because the Fund may not receive all or part of the interest payments if the issuer, obligor, guarantor or counterparty defaults on its obligation. Payments received for IOs are included in interest income in the Statement of Operations.

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Because no principal will be received at the maturity of an IO, adjustments are made to the cost of the security on a monthly basis until maturity. These adjustments are included in interest income in the Statement of Operations. POs are stripped securities entitled to receive the principal from the underlying obligation, but not the interest. POs are particularly sensitive to changes in interest rates and therefore are subject to fluctuations in price. POs are also subject to credit risk because the Fund may not receive all or part of its principal if the issuer, obligor, guarantor or counterparty defaults on its obligation. The Fund may also invest in IO or PO stripped mortgage-backed securities. Payments received for POs are treated as reductions to the cost and par value of the securities.

**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; **Morgan** <br>**Stanley**<br>| **Total** |
| **Assets** |  |  |  |
| Centrally cleared credit default swap contracts <sup>(a)</sup> <br>| $&nbsp;&nbsp;&nbsp; -<br>| &nbsp;&nbsp;&nbsp; 266063<br>| &nbsp;&nbsp;&nbsp; 266063<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp; 769 | &nbsp;&nbsp;&nbsp; -<br>| &nbsp;&nbsp;&nbsp; 769 |
| Total assets | &nbsp;&nbsp;&nbsp; 769 | &nbsp;&nbsp;&nbsp; 266063<br>| &nbsp;&nbsp;&nbsp; 266832 |
| **Liabilities** |  |  |  |
| Centrally cleared credit default swap contracts <sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; -<br>| &nbsp;&nbsp;&nbsp; 4549<br>| &nbsp;&nbsp;&nbsp; 4549<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp; 20330 | &nbsp;&nbsp;&nbsp; -<br>| &nbsp;&nbsp;&nbsp; 20330 |
| Total liabilities | &nbsp;&nbsp;&nbsp; 20330 | &nbsp;&nbsp;&nbsp; 4549<br>| &nbsp;&nbsp;&nbsp; 24879 |
| **Total financial and derivative net assets** | &nbsp;&nbsp;&nbsp; **(19561)**<br>| &nbsp;&nbsp;&nbsp; **261514**<br>| &nbsp;&nbsp;&nbsp; **241953** |
| Total collateral received (pledged) <sup>(b)</sup> <br>| &nbsp;&nbsp;&nbsp; -<br>| &nbsp;&nbsp;&nbsp; -<br>| &nbsp;&nbsp;&nbsp; -<br>|
| **Net amount** <sup>(c)</sup> <br>| $&nbsp;&nbsp;&nbsp; **(19561)**<br>| &nbsp;&nbsp;&nbsp; **261514**<br>| &nbsp;&nbsp;&nbsp; **241953** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Centrally cleared swaps are included within payable/receivable for variation margin in the Statement of Assets and Liabilities.

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

&nbsp;&nbsp;&nbsp;&nbsp;(c) 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.

The trade date for senior loans purchased in the primary market is the date on which the loan is allocated. The trade date for senior loans purchased in the secondary market is the date on which the transaction is entered into.

**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 classifies gains and losses realized on prepayments received on mortgage-backed securities as adjustments to interest income.

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 Fund may receive other income from senior loans, including amendment fees, consent fees and commitment fees. These fees are recorded as income when received by the Fund. These amounts are included in Interest Income in the Statement of Operations.

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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.

**Determination of net asset value** 

The net asset value per share of the Fund is computed by dividing the value of the net assets of the Fund by the total number of outstanding shares of the Fund, rounded to the nearest cent, at the close of regular trading (ordinarily 4:00 p.m. Eastern Time) every day the New York Stock Exchange is open.

**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 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 does not pay a management fee to Columbia Management Investment Advisers, LLC (the Investment Manager), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial). However, Fund shares may only be purchased and held by or on behalf of SMAs where the Investment Manager has an agreement with the SMA program sponsor (the Program Sponsor), or directly with the SMA client, to provide investment management services to the Program Sponsor or the SMA. SMAs pay a fee directly, or indirectly through Program Sponsors, to the Investment Manager for providing investment management services to the Program Sponsor or the SMA, including on assets that may be invested in the Fund.

Multisector Bond SMA Completion Portfolio \| 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.

For the six months ended February 28, 2026, the Fund's annualized effective transfer agency fee rate as a percentage of average daily net assets was 0.00%.

**Distribution and service fees**

The Fund has 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 Fund does not pay the Distributor a fee for the distribution services it provides to the Fund.

**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), through December 31, 2026, 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 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 annual rate of 0.00% of the Fund's average daily net assets.

Under the agreement governing this fee waiver and/or expense reimbursement arrangement, 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), transaction costs and brokerage commissions, costs related to any

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

securities lending program, dividend expenses associated with securities sold short, inverse floater program fees and expenses, transaction charges and interest on borrowed money, 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>|
| 145722000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (698000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1032000 |

---

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 ($)** |
| (777399)<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;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (777399)<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 $327,599,170 and $284,636,059, respectively, for the six months ended February 28, 2026, of which $281,043,049 and $273,305,356, respectively, were U.S. government securities. 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 significantly 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.

Multisector Bond SMA Completion Portfolio \| 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>|
| Lender | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;4.21 | &nbsp;&nbsp;&nbsp;&nbsp; 3 |

---

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.

Multisector Bond SMA Completion Portfolio \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 100.0% 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 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.

Multisector Bond SMA Completion Portfolio \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

**Multisector Bond SMA Completion Portfolio** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787img2a55473b2.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/investment-products/managed-accounts/. 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/investment-products/managed-accounts/

SAR308_08_T01_(04/26)

------

![](g469787img860cd3a31.jpg)

Columbia Balanced 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_debc3b3a-cf2e-418e-a41c-e1ebd0ecc8bd_POI-CommonContent-Date-40_1) | 3 |
| [Statement of Assets and Liabilities](#xx_debc3b3a-cf2e-418e-a41c-e1ebd0ecc8bd_FS-CommonContent-Date-40_1) | 29 |
| [Statement of Operations](#xx_debc3b3a-cf2e-418e-a41c-e1ebd0ecc8bd_FS-CommonContent-Date-40_3) | 31 |
| [Statement of Changes in Net Assets](#xx_debc3b3a-cf2e-418e-a41c-e1ebd0ecc8bd_FS-CommonContent-Date-40_4) | 32 |
| [Financial Highlights](#xx_debc3b3a-cf2e-418e-a41c-e1ebd0ecc8bd_FIHI-CommonContent-Date-40_1) | 34 |
| [Notes to Financial Statements](#xx_debc3b3a-cf2e-418e-a41c-e1ebd0ecc8bd_NTF-CommonContent-Date-40_1) | 38 |

---

Columbia Balanced 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;

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency 4.4%** | **Asset-Backed Securities - Non-Agency 4.4%** | **Asset-Backed Securities - Non-Agency 4.4%** | **Asset-Backed Securities - Non-Agency 4.4%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  |
| Series 2024-1PL Class A | Series 2024-1PL Class A | Series 2024-1PL Class A | Series 2024-1PL Class A |
| 04/25/2031 | &nbsp;&nbsp; 5.900% | 276639 | &nbsp;&nbsp; 277827 |
| Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B | Subordinated Series 2024-1PL Class B |
| 04/25/2031 | &nbsp;&nbsp; 6.340% | 731670 | &nbsp;&nbsp; 739958 |
| Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  |
| Series 2024-B Class A | Series 2024-B Class A | Series 2024-B Class A | Series 2024-B Class A |
| 09/15/2029 | &nbsp;&nbsp; 4.620% | 9472000 | &nbsp;&nbsp; 9496212 |
| American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  | American Credit Acceptance Receivables Trust<sup>(a)</sup>  |
| Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C |
| 10/12/2029 | &nbsp;&nbsp; 6.440% | 2588749 | &nbsp;&nbsp; 2598110 |
| Apidos CLO XI<sup>(a),(b)</sup>  | Apidos CLO XI<sup>(a),(b)</sup>  | Apidos CLO XI<sup>(a),(b)</sup>  | Apidos CLO XI<sup>(a),(b)</sup>  |
| Series 2012-11A Class BR4 | Series 2012-11A Class BR4 | Series 2012-11A Class BR4 | Series 2012-11A Class BR4 |
| 3-month Term SOFR + 1.650% <br>Floor 1.650% <br>04/17/2034<br>| &nbsp;&nbsp; 5.318% | 12575000 | &nbsp;&nbsp; 12580759 |
| Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  |
| Series 2026-1A Class AR3 | Series 2026-1A Class AR3 | Series 2026-1A Class AR3 | Series 2026-1A Class AR3 |
| 3-month Term SOFR + 0.980% <br>Floor 0.980% <br>04/19/2034<br>| &nbsp;&nbsp; 4.650% | 8500000 | &nbsp;&nbsp; 8494382 |
| Basswood Park CLO Ltd.<sup>(a),(b)</sup>  | Basswood Park CLO Ltd.<sup>(a),(b)</sup>  | Basswood Park CLO Ltd.<sup>(a),(b)</sup>  | Basswood Park CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-1A Class AR | Series 2025-1A Class AR | Series 2025-1A Class AR | Series 2025-1A Class AR |
| 3-month Term SOFR + 1.030% <br>Floor 1.030% <br>04/20/2034<br>| &nbsp;&nbsp; 4.698% | 20000000 | &nbsp;&nbsp; 19999780 |
| Bayview Opportunity Master Fund VII LLC<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII LLC<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII LLC<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII LLC<sup>(a),(b)</sup>  |
| Subordinated Series 2024-CAR1 Class B | Subordinated Series 2024-CAR1 Class B | Subordinated Series 2024-CAR1 Class B | Subordinated Series 2024-CAR1 Class B |
| 30-day Average SOFR + 1.300% <br>12/26/2031<br>| &nbsp;&nbsp; 4.967% | 329152 | &nbsp;&nbsp; 329930 |
| Subordinated Series 2024-CAR1 Class C | Subordinated Series 2024-CAR1 Class C | Subordinated Series 2024-CAR1 Class C | Subordinated Series 2024-CAR1 Class C |
| 30-day Average SOFR + 1.500% <br>12/26/2031<br>| &nbsp;&nbsp; 5.167% | 279779 | &nbsp;&nbsp; 280676 |
| Carlyle US CLO Ltd.<sup>(a),(b)</sup>  | Carlyle US CLO Ltd.<sup>(a),(b)</sup>  | Carlyle US CLO Ltd.<sup>(a),(b)</sup>  | Carlyle US CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2023-3A Class A1R | Series 2023-3A Class A1R | Series 2023-3A Class A1R | Series 2023-3A Class A1R |
| 3-month Term SOFR + 1.230% <br>Floor 1.230% <br>10/15/2038<br>| &nbsp;&nbsp; 5.135% | 19250000 | &nbsp;&nbsp; 19288385 |
| College Ave Student Loans Trust<sup>(a)</sup>  | College Ave Student Loans Trust<sup>(a)</sup>  | College Ave Student Loans Trust<sup>(a)</sup>  | College Ave Student Loans Trust<sup>(a)</sup>  |
| Series 2024-A Class A1A | Series 2024-A Class A1A | Series 2024-A Class A1A | Series 2024-A Class A1A |
| 06/25/2054 | &nbsp;&nbsp; 5.510% | 18905646 | &nbsp;&nbsp; 19390302 |
| Dryden CLO Ltd.<sup>(a),(b)</sup>  | Dryden CLO Ltd.<sup>(a),(b)</sup>  | Dryden CLO Ltd.<sup>(a),(b)</sup>  | Dryden CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2018-55A Class A1 | Series 2018-55A Class A1 | Series 2018-55A Class A1 | Series 2018-55A Class A1 |
| 3-month Term SOFR + 1.282% <br>Floor 1.020% <br>04/15/2031<br>| &nbsp;&nbsp; 4.954% | 1297358 | &nbsp;&nbsp; 1299259 |
| EDGEX Issuer Trust<sup>(a)</sup>  | EDGEX Issuer Trust<sup>(a)</sup>  | EDGEX Issuer Trust<sup>(a)</sup>  | EDGEX Issuer Trust<sup>(a)</sup>  |
| Series 2025-2NN Class A | Series 2025-2NN Class A | Series 2025-2NN Class A | Series 2025-2NN Class A |
| 01/15/2032 | &nbsp;&nbsp; 5.498% | 11062681 | &nbsp;&nbsp; 11093558 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| Subordinated Series 2021-3A Class D | Subordinated Series 2021-3A Class D | Subordinated Series 2021-3A Class D | Subordinated Series 2021-3A Class D |
| 06/15/2027 | &nbsp;&nbsp; 1.550% | 7657816 | &nbsp;&nbsp; 7629577 |
| GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  | GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  | GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  | GMF Floorplan Owner Revolving Trust<sup>(a)</sup>  |
| Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 |
| 03/15/2029 | &nbsp;&nbsp; 5.130% | 16589000 | &nbsp;&nbsp; 16814663 |
| GoldenTree Loan Management US CLO 19 Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO 19 Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO 19 Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO 19 Ltd.<sup>(a),(b)</sup>  |
| Series 2024-19A Class AR | Series 2024-19A Class AR | Series 2024-19A Class AR | Series 2024-19A Class AR |
| 3-month Term SOFR + 1.150% <br>Floor 1.150% <br>07/20/2039<br>| &nbsp;&nbsp; 3.661% | 17000000 | &nbsp;&nbsp; 17010455 |
| Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-10A Class AR | Series 2021-10A Class AR | Series 2021-10A Class AR | Series 2021-10A Class AR |
| 3-month Term SOFR + 1.350% <br>Floor 1.350% <br>10/20/2037<br>| &nbsp;&nbsp; 5.018% | 9175000 | &nbsp;&nbsp; 9187074 |
| GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-27 Class A | Series 2025-27 Class A | Series 2025-27 Class A | Series 2025-27 Class A |
| 3-month Term SOFR + 1.190% <br>Floor 1.190% <br>01/20/2039<br>| &nbsp;&nbsp; 5.008% | 18000000 | &nbsp;&nbsp; 18033246 |
| GoodLeap Home Improvement Solutions Trust<sup>(a)</sup>  | GoodLeap Home Improvement Solutions Trust<sup>(a)</sup>  | GoodLeap Home Improvement Solutions Trust<sup>(a)</sup>  | GoodLeap Home Improvement Solutions Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 10/20/2046 | &nbsp;&nbsp; 5.350% | 7068235 | &nbsp;&nbsp; 7205715 |
| GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  |
| Series 2025-2A Class A4 | Series 2025-2A Class A4 | Series 2025-2A Class A4 | Series 2025-2A Class A4 |
| 06/25/2060 | &nbsp;&nbsp; 4.890% | 14294808 | &nbsp;&nbsp; 14506279 |
| Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  |
| Series 2023-3A Class A2 | Series 2023-3A Class A2 | Series 2023-3A Class A2 | Series 2023-3A Class A2 |
| 12/15/2028 | &nbsp;&nbsp; 7.500% | 2188306 | &nbsp;&nbsp; 2228347 |
| Madison Park Funding XLII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XLII Ltd.<sup>(a),(b)</sup>  |
| Series 2013A Class AR2 | Series 2013A Class AR2 | Series 2013A Class AR2 | Series 2013A Class AR2 |
| 3-month Term SOFR + 0.920% <br>11/21/2030<br>| &nbsp;&nbsp; 4.780% | 9072885 | &nbsp;&nbsp; 9074600 |
| Madison Park Funding XXIX Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIX Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIX Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIX Ltd.<sup>(a),(b)</sup>  |
| Series 2018-29AR Class A1R2 | Series 2018-29AR Class A1R2 | Series 2018-29AR Class A1R2 | Series 2018-29AR Class A1R2 |
| 3-month Term SOFR + 1.180% <br>Floor 1.180% <br>03/25/2038<br>| &nbsp;&nbsp; 4.848% | 17450000 | &nbsp;&nbsp; 17479927 |
| Madison Park Funding XXXIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXXIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXXIII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXXIII Ltd.<sup>(a),(b)</sup>  |
| Series 2019-33A Class BR | Series 2019-33A Class BR | Series 2019-33A Class BR | Series 2019-33A Class BR |
| 3-month Term SOFR + 1.800% <br>Floor 1.800% <br>10/15/2032<br>| &nbsp;&nbsp; 5.472% | 16325000 | &nbsp;&nbsp; 16351430 |
| Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  | Marlette Funding Trust<sup>(a)</sup>  |
| Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B |
| 07/17/2034 | &nbsp;&nbsp; 6.070% | 3526027 | &nbsp;&nbsp; 3537476 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MMP Capital LLC<sup>(a)</sup>  | MMP Capital LLC<sup>(a)</sup>  | MMP Capital LLC<sup>(a)</sup>  | MMP Capital LLC<sup>(a)</sup>  |
| Series 2025-A Class A | Series 2025-A Class A | Series 2025-A Class A | Series 2025-A Class A |
| 12/15/2031 | &nbsp;&nbsp; 5.360% | 7186614 | &nbsp;&nbsp; 7241030 |
| MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  |
| Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A |
| 07/22/2041 | &nbsp;&nbsp; 6.780% | 4966910 | &nbsp;&nbsp; 5147503 |
| Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A |
| 12/22/2042 | &nbsp;&nbsp; 6.250% | 10639691 | &nbsp;&nbsp; 10860226 |
| OHA Credit Funding Ltd.<sup>(a),(b)</sup>  | OHA Credit Funding Ltd.<sup>(a),(b)</sup>  | OHA Credit Funding Ltd.<sup>(a),(b)</sup>  | OHA Credit Funding Ltd.<sup>(a),(b)</sup>  |
| Series 2021-8A Class A1R | Series 2021-8A Class A1R | Series 2021-8A Class A1R | Series 2021-8A Class A1R |
| 3-month Term SOFR + 1.280% <br>Floor 1.280% <br>01/20/2038<br>| &nbsp;&nbsp; 4.948% | 4025000 | &nbsp;&nbsp; 4037630 |
| Series 2023-16RA Class A1 | Series 2023-16RA Class A1 | Series 2023-16RA Class A1 | Series 2023-16RA Class A1 |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>10/20/2038<br>| &nbsp;&nbsp; 4.868% | 16800000 | &nbsp;&nbsp; 16817858 |
| OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  | OHA Credit Partners XVII Ltd.<sup>(a),(b)</sup>  |
| Series 2020-6A Class AR2 | Series 2020-6A Class AR2 | Series 2020-6A Class AR2 | Series 2020-6A Class AR2 |
| 3-month Term SOFR + 1.330% <br>Floor 1.330% <br>10/20/2037<br>| &nbsp;&nbsp; 4.998% | 16150000 | &nbsp;&nbsp; 16219284 |
| OneMain Financial Issuance Trust<sup>(a)</sup>  | OneMain Financial Issuance Trust<sup>(a)</sup>  | OneMain Financial Issuance Trust<sup>(a)</sup>  | OneMain Financial Issuance Trust<sup>(a)</sup>  |
| Series 2023-2A Class A1 | Series 2023-2A Class A1 | Series 2023-2A Class A1 | Series 2023-2A Class A1 |
| 09/15/2036 | &nbsp;&nbsp; 5.840% | 22150000 | &nbsp;&nbsp; 22551670 |
| Oportun Funding Trust<sup>(a)</sup>  | Oportun Funding Trust<sup>(a)</sup>  | Oportun Funding Trust<sup>(a)</sup>  | Oportun Funding Trust<sup>(a)</sup>  |
| Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A |
| 08/15/2029 | &nbsp;&nbsp; 5.260% | 4930 | &nbsp;&nbsp; 4930 |
| Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  |
| Series 2024-5 Class A | Series 2024-5 Class A | Series 2024-5 Class A | Series 2024-5 Class A |
| 10/15/2031 | &nbsp;&nbsp; 6.278% | 1427251 | &nbsp;&nbsp; 1433483 |
| Series 2024-6 Class A | Series 2024-6 Class A | Series 2024-6 Class A | Series 2024-6 Class A |
| 11/15/2031 | &nbsp;&nbsp; 6.093% | 1428056 | &nbsp;&nbsp; 1433872 |
| Series 2025-5 Class B | Series 2025-5 Class B | Series 2025-5 Class B | Series 2025-5 Class B |
| 03/15/2033 | &nbsp;&nbsp; 5.440% | 12499517 | &nbsp;&nbsp; 12579674 |
| Series 2025-6 Class B | Series 2025-6 Class B | Series 2025-6 Class B | Series 2025-6 Class B |
| 04/15/2033 | &nbsp;&nbsp; 4.883% | 10149065 | &nbsp;&nbsp; 10125544 |
| Series 2025-R3 Class A | Series 2025-R3 Class A | Series 2025-R3 Class A | Series 2025-R3 Class A |
| 01/18/2033 | &nbsp;&nbsp; 4.841% | 5081664 | &nbsp;&nbsp; 5086894 |
| Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  |
| Series 2024-7 Class A | Series 2024-7 Class A | Series 2024-7 Class A | Series 2024-7 Class A |
| 12/15/2031 | &nbsp;&nbsp; 6.117% | 6439017 | &nbsp;&nbsp; 6468923 |
| Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B |
| 12/15/2031 | &nbsp;&nbsp; 6.574% | 7807860 | &nbsp;&nbsp; 7853313 |
| Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  |
| Series 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A |
| 08/15/2031 | &nbsp;&nbsp; 6.319% | 625462 | &nbsp;&nbsp; 627847 |
| Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A | Series 2024-3 Class A |
| 10/15/2031 | &nbsp;&nbsp; 6.258% | 4896072 | &nbsp;&nbsp; 4921577 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2026-R1 Class A | Series 2026-R1 Class A | Series 2026-R1 Class A | Series 2026-R1 Class A |
| 12/15/2033 | &nbsp;&nbsp; 4.714% | 11950000 | &nbsp;&nbsp; 11948794 |
| Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  | Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  | Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  | Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  |
| Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A |
| 07/20/2033 | &nbsp;&nbsp; 5.065% | 7740000 | &nbsp;&nbsp; 7770720 |
| Prestige Auto Receivables Trust<sup>(a)</sup>  | Prestige Auto Receivables Trust<sup>(a)</sup>  | Prestige Auto Receivables Trust<sup>(a)</sup>  | Prestige Auto Receivables Trust<sup>(a)</sup>  |
| Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B |
| 05/15/2028 | &nbsp;&nbsp; 5.710% | 1167134 | &nbsp;&nbsp; 1167800 |
| Subordinated Series 2024-1A Class C | Subordinated Series 2024-1A Class C | Subordinated Series 2024-1A Class C | Subordinated Series 2024-1A Class C |
| 03/15/2029 | &nbsp;&nbsp; 5.730% | 7050000 | &nbsp;&nbsp; 7082416 |
| Reach Abs Trust<sup>(a)</sup>  | Reach Abs Trust<sup>(a)</sup>  | Reach Abs Trust<sup>(a)</sup>  | Reach Abs Trust<sup>(a)</sup>  |
| Series 2026-1 Class A | Series 2026-1 Class A | Series 2026-1 Class A | Series 2026-1 Class A |
| 02/15/2033 | &nbsp;&nbsp; 4.320% | 9850000 | &nbsp;&nbsp; 9849167 |
| Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  | Reach ABS Trust<sup>(a)</sup>  |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 07/15/2031 | &nbsp;&nbsp; 5.880% | 445071 | &nbsp;&nbsp; 446325 |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 08/16/2032 | &nbsp;&nbsp; 4.960% | 2208642 | &nbsp;&nbsp; 2214608 |
| Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust IV<sup>(a)</sup>  |
| Series 2021-2A Class A | Series 2021-2A Class A | Series 2021-2A Class A | Series 2021-2A Class A |
| 03/25/2030 | &nbsp;&nbsp; 2.650% | 1000548 | &nbsp;&nbsp; 991458 |
| Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 06/25/2032 | &nbsp;&nbsp; 7.090% | 984704 | &nbsp;&nbsp; 986103 |
| SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  | SBNA Auto Lease Trust<sup>(a)</sup>  |
| Series 2023-A Class A3 | Series 2023-A Class A3 | Series 2023-A Class A3 | Series 2023-A Class A3 |
| 04/20/2027 | &nbsp;&nbsp; 6.510% | 25663 | &nbsp;&nbsp; 25708 |
| Series 2024-A Class A4 | Series 2024-A Class A4 | Series 2024-A Class A4 | Series 2024-A Class A4 |
| 01/22/2029 | &nbsp;&nbsp; 5.240% | 8100000 | &nbsp;&nbsp; 8118872 |
| Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust<sup>(a)</sup>  |
| Series 2025-ST4 Class A | Series 2025-ST4 Class A | Series 2025-ST4 Class A | Series 2025-ST4 Class A |
| 08/16/2032 | &nbsp;&nbsp; 5.495% | 5244296 | &nbsp;&nbsp; 5284107 |
| Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  | Upgrade Master Pass-Thru Trust Series<sup>(a)</sup>  |
| Series 2025-ST8 Class A | Series 2025-ST8 Class A | Series 2025-ST8 Class A | Series 2025-ST8 Class A |
| 12/15/2033 | &nbsp;&nbsp; 4.618% | 2953817 | &nbsp;&nbsp; 2959894 |
| Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 11/20/2034 | &nbsp;&nbsp; 5.330% | 1109854 | &nbsp;&nbsp; 1112173 |
| Verizon Master Trust | Verizon Master Trust | Verizon Master Trust | Verizon Master Trust |
| Series 2024-8 Class B | Series 2024-8 Class B | Series 2024-8 Class B | Series 2024-8 Class B |
| 11/20/2030 | &nbsp;&nbsp; 4.820% | 10350000 | &nbsp;&nbsp; 10513905 |
| Total Asset-Backed Securities — Non-Agency <br>(Cost $446,022,431) | Total Asset-Backed Securities — Non-Agency <br>(Cost $446,022,431) | Total Asset-Backed Securities — Non-Agency <br>(Cost $446,022,431) | &nbsp;&nbsp; **448811235** |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency 1.5%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.5%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.5%** | **Commercial Mortgage-Backed Securities - Non-Agency 1.5%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| BX Mortgage Trust<sup>(a),(b)</sup>  | BX Mortgage Trust<sup>(a),(b)</sup>  | BX Mortgage Trust<sup>(a),(b)</sup>  | BX Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2021-PAC Class D | Series 2021-PAC Class D | Series 2021-PAC Class D | Series 2021-PAC Class D |
| 1-month Term SOFR + 1.412% <br>Floor 1.298% <br>10/15/2036<br>| &nbsp;&nbsp; 5.072% | 14175000 | &nbsp;&nbsp; 14131267 |
| BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  |
| Series 2023-LIFE Class A | Series 2023-LIFE Class A | Series 2023-LIFE Class A | Series 2023-LIFE Class A |
| 02/15/2028 | &nbsp;&nbsp; 5.045% | 7225000 | &nbsp;&nbsp; 7194172 |
| COMM Mortgage Trust<sup>(a)</sup>  | COMM Mortgage Trust<sup>(a)</sup>  | COMM Mortgage Trust<sup>(a)</sup>  | COMM Mortgage Trust<sup>(a)</sup>  |
| Subordinated Series 2020-CX Class B | Subordinated Series 2020-CX Class B | Subordinated Series 2020-CX Class B | Subordinated Series 2020-CX Class B |
| 11/10/2046 | &nbsp;&nbsp; 2.446% | 3275000 | &nbsp;&nbsp; 2742102 |
| GS Mortgage Securities Corp. II<sup>(a),(c)</sup>  | GS Mortgage Securities Corp. II<sup>(a),(c)</sup>  | GS Mortgage Securities Corp. II<sup>(a),(c)</sup>  | GS Mortgage Securities Corp. II<sup>(a),(c)</sup>  |
| Series 2023-SHIP Class A | Series 2023-SHIP Class A | Series 2023-SHIP Class A | Series 2023-SHIP Class A |
| 09/10/2038 | &nbsp;&nbsp; 4.322% | 6825000 | &nbsp;&nbsp; 6814545 |
| GS Mortgage Securities Corp. Trust<sup>(a)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a)</sup>  | GS Mortgage Securities Corp. Trust<sup>(a)</sup>  |
| Series 2017-485L Class A | Series 2017-485L Class A | Series 2017-485L Class A | Series 2017-485L Class A |
| 02/10/2037 | &nbsp;&nbsp; 3.721% | 3835000 | &nbsp;&nbsp; 3761067 |
| Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  |
| Subordinated Series 2019-2 Class D | Subordinated Series 2019-2 Class D | Subordinated Series 2019-2 Class D | Subordinated Series 2019-2 Class D |
| 10/19/2039 | &nbsp;&nbsp; 3.121% | 6365164 | &nbsp;&nbsp; 6205090 |
| Subordinated Series 2021-2 Class B | Subordinated Series 2021-2 Class B | Subordinated Series 2021-2 Class B | Subordinated Series 2021-2 Class B |
| 12/17/2026 | &nbsp;&nbsp; 2.302% | 40874514 | &nbsp;&nbsp; 40129707 |
| Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |
| Series 2017-C34 Class A3 | Series 2017-C34 Class A3 | Series 2017-C34 Class A3 | Series 2017-C34 Class A3 |
| 11/15/2052 | &nbsp;&nbsp; 3.276% | 14135000 | &nbsp;&nbsp; 13959248 |
| One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2020-1NYP Class C | Subordinated Series 2020-1NYP Class C | Subordinated Series 2020-1NYP Class C | Subordinated Series 2020-1NYP Class C |
| 1-month Term SOFR + 2.314% <br>Floor 2.200% <br>01/15/2036<br>| &nbsp;&nbsp; 5.974% | 6950000 | &nbsp;&nbsp; 6688449 |
| Subordinated Series 2020-1NYP Class D | Subordinated Series 2020-1NYP Class D | Subordinated Series 2020-1NYP Class D | Subordinated Series 2020-1NYP Class D |
| 1-month Term SOFR + 2.864% <br>Floor 2.750% <br>01/15/2036<br>| &nbsp;&nbsp; 6.524% | 2600000 | &nbsp;&nbsp; 2478075 |
| Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  |
| Series 2024-SFR1 Class A | Series 2024-SFR1 Class A | Series 2024-SFR1 Class A | Series 2024-SFR1 Class A |
| 02/17/2041 | &nbsp;&nbsp; 3.350% | 9458041 | &nbsp;&nbsp; 9216316 |
| Subordinated Series 2021-SFR8 Class D | Subordinated Series 2021-SFR8 Class D | Subordinated Series 2021-SFR8 Class D | Subordinated Series 2021-SFR8 Class D |
| 10/17/2038 | &nbsp;&nbsp; 2.082% | 11910000 | &nbsp;&nbsp; 11731269 |
| STAR Trust<sup>(a),(b)</sup>  | STAR Trust<sup>(a),(b)</sup>  | STAR Trust<sup>(a),(b)</sup>  | STAR Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2022-SFR3 Class B | Subordinated Series 2022-SFR3 Class B | Subordinated Series 2022-SFR3 Class B | Subordinated Series 2022-SFR3 Class B |
| 1-month Term SOFR + 1.950% <br>Floor 1.950% <br>05/17/2039<br>| &nbsp;&nbsp; 5.631% | 12100000 | &nbsp;&nbsp; 12108134 |
| Tricon American Homes<sup>(a)</sup>  | Tricon American Homes<sup>(a)</sup>  | Tricon American Homes<sup>(a)</sup>  | Tricon American Homes<sup>(a)</sup>  |
| Series 2020-SFR1 Class C | Series 2020-SFR1 Class C | Series 2020-SFR1 Class C | Series 2020-SFR1 Class C |
| 07/17/2038 | &nbsp;&nbsp; 2.249% | 4100000 | &nbsp;&nbsp; 4058870 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** | **Commercial Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Tricon American Homes Trust<sup>(a)</sup>  | Tricon American Homes Trust<sup>(a)</sup>  | Tricon American Homes Trust<sup>(a)</sup>  | Tricon American Homes Trust<sup>(a)</sup>  |
| Subordinated Series 2020-SFR2 Class D | Subordinated Series 2020-SFR2 Class D | Subordinated Series 2020-SFR2 Class D | Subordinated Series 2020-SFR2 Class D |
| 11/17/2039 | &nbsp;&nbsp; 2.281% | 6775000 | &nbsp;&nbsp; 6479489 |
| Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $151,316,340) | Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $151,316,340) | Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $151,316,340) | &nbsp;&nbsp; **147697800** |

---

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

---

| | | |
|:---|:---|:---|
| **Common Stocks 59.8%** | **Common Stocks 59.8%** | **Common Stocks 59.8%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 7.6%** | **Communication Services 7.6%** | **Communication Services 7.6%** |
| **Diversified Telecommunication Services 0.9%** | **Diversified Telecommunication Services 0.9%** | **Diversified Telecommunication Services 0.9%** |
| Verizon Communications, Inc. | &nbsp;&nbsp; 1721141 | &nbsp;&nbsp; 86298010 |
| **Entertainment 1.7%** | **Entertainment 1.7%** | **Entertainment 1.7%** |
| Netflix, Inc.<sup>(d)</sup> <br>| &nbsp;&nbsp; 1069908 | &nbsp;&nbsp; 102967946 |
| Take-Two Interactive Software, Inc.<sup>(d)</sup> <br>| &nbsp;&nbsp; 99432 | &nbsp;&nbsp; 21027879 |
| Walt Disney Co. (The) | &nbsp;&nbsp; 471464 | &nbsp;&nbsp; 49994043 |
| Total |  | &nbsp;&nbsp; 173989868 |
| **Interactive Media & Services 5.0%** | **Interactive Media & Services 5.0%** | **Interactive Media & Services 5.0%** |
| Alphabet, Inc., Class A | &nbsp;&nbsp; 627167 | &nbsp;&nbsp; 195525584 |
| Alphabet, Inc., Class C | &nbsp;&nbsp; 515588 | &nbsp;&nbsp; 160569570 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp; 229766 | &nbsp;&nbsp; 148929726 |
| Total |  | &nbsp;&nbsp; 505024880 |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Altice Luxco 3<sup>(d)</sup> <br>| &nbsp;&nbsp; 4672 | &nbsp;&nbsp; 87590 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **765400348** |
| **Consumer Discretionary 6.1%** | **Consumer Discretionary 6.1%** | **Consumer Discretionary 6.1%** |
| **Automobiles 0.7%** | **Automobiles 0.7%** | **Automobiles 0.7%** |
| Tesla, Inc.<sup>(d)</sup> <br>| &nbsp;&nbsp; 178024 | &nbsp;&nbsp; 71656440 |
| **Broadline Retail 3.7%** | **Broadline Retail 3.7%** | **Broadline Retail 3.7%** |
| Amazon.com, Inc.<sup>(d)</sup> <br>| &nbsp;&nbsp; 1293110 | &nbsp;&nbsp; 271553100 |
| eBay, Inc. | &nbsp;&nbsp; 1113199 | &nbsp;&nbsp; 101145261 |
| Total |  | &nbsp;&nbsp; 372698361 |
| **Hotels, Restaurants & Leisure 0.9%** | **Hotels, Restaurants & Leisure 0.9%** | **Hotels, Restaurants & Leisure 0.9%** |
| DoorDash, Inc., Class A<sup>(d)</sup> <br>| &nbsp;&nbsp; 174383 | &nbsp;&nbsp; 30773368 |
| Starbucks Corp. | &nbsp;&nbsp; 647732 | &nbsp;&nbsp; 63490691 |
| Total |  | &nbsp;&nbsp; 94264059 |
| **Household Durables 0.4%** | **Household Durables 0.4%** | **Household Durables 0.4%** |
| PulteGroup, Inc. | &nbsp;&nbsp; 249430 | &nbsp;&nbsp; 34221796 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Textiles, Apparel & Luxury Goods 0.4%** | **Textiles, Apparel & Luxury Goods 0.4%** | **Textiles, Apparel & Luxury Goods 0.4%** |
| NIKE, Inc., Class B | &nbsp;&nbsp; 187232 | &nbsp;&nbsp; 11642086 |
| Tapestry, Inc. | &nbsp;&nbsp; 191421 | &nbsp;&nbsp; 29760223 |
| Total |  | &nbsp;&nbsp; 41402309 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **614242965** |
| **Consumer Staples 1.5%** | **Consumer Staples 1.5%** | **Consumer Staples 1.5%** |
| **Beverages 0.7%** | **Beverages 0.7%** | **Beverages 0.7%** |
| PepsiCo, Inc. | &nbsp;&nbsp; 415504 | &nbsp;&nbsp; 70527649 |
| **Consumer Staples Distribution & Retail 0.8%** | **Consumer Staples Distribution & Retail 0.8%** | **Consumer Staples Distribution & Retail 0.8%** |
| Walmart, Inc. | &nbsp;&nbsp; 621063 | &nbsp;&nbsp; 79465011 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **149992660** |
| **Energy 2.4%** | **Energy 2.4%** | **Energy 2.4%** |
| **Oil, Gas & Consumable Fuels 2.4%** | **Oil, Gas & Consumable Fuels 2.4%** | **Oil, Gas & Consumable Fuels 2.4%** |
| Chevron Corp. | &nbsp;&nbsp; 524167 | &nbsp;&nbsp; 97893429 |
| ConocoPhillips Co. | &nbsp;&nbsp; 707762 | &nbsp;&nbsp; 80302677 |
| EOG Resources, Inc. | &nbsp;&nbsp; 476280 | &nbsp;&nbsp; 59096822 |
| Total |  | &nbsp;&nbsp; 237292928 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **237292928** |
| **Financials 7.5%** | **Financials 7.5%** | **Financials 7.5%** |
| **Banks 2.2%** | **Banks 2.2%** | **Banks 2.2%** |
| Bank of America Corp. | &nbsp;&nbsp; 1815876 | &nbsp;&nbsp; 90485101 |
| JPMorgan Chase & Co. | &nbsp;&nbsp; 210533 | &nbsp;&nbsp; 63223060 |
| Wells Fargo & Co. | &nbsp;&nbsp; 866988 | &nbsp;&nbsp; 70616172 |
| Total |  | &nbsp;&nbsp; 224324333 |
| **Capital Markets 2.8%** | **Capital Markets 2.8%** | **Capital Markets 2.8%** |
| Blackrock, Inc. | &nbsp;&nbsp; 92095 | &nbsp;&nbsp; 97918167 |
| Charles Schwab Corp. (The) | &nbsp;&nbsp; 615182 | &nbsp;&nbsp; 58565326 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp; 189783 | &nbsp;&nbsp; 31149084 |
| Morgan Stanley | &nbsp;&nbsp; 386143 | &nbsp;&nbsp; 64296671 |
| S&P Global, Inc. | &nbsp;&nbsp; 62665 | &nbsp;&nbsp; 27690410 |
| Total |  | &nbsp;&nbsp; 279619658 |
| **Financial Services 2.0%** | **Financial Services 2.0%** | **Financial Services 2.0%** |
| Block, Inc., Class A<sup>(d)</sup> <br>| &nbsp;&nbsp; 390070 | &nbsp;&nbsp; 24847459 |
| MasterCard, Inc., Class A | &nbsp;&nbsp; 113490 | &nbsp;&nbsp; 58698163 |
| Visa, Inc., Class A | &nbsp;&nbsp; 358307 | &nbsp;&nbsp; 114708403 |
| Total |  | &nbsp;&nbsp; 198254025 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Insurance 0.5%** | **Insurance 0.5%** | **Insurance 0.5%** |
| Aon PLC, Class A | &nbsp;&nbsp; 167874 | &nbsp;&nbsp; 56316691 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **758514707** |
| **Health Care 6.5%** | **Health Care 6.5%** | **Health Care 6.5%** |
| **Biotechnology 1.5%** | **Biotechnology 1.5%** | **Biotechnology 1.5%** |
| AbbVie, Inc. | &nbsp;&nbsp; 283612 | &nbsp;&nbsp; 65820673 |
| Vertex Pharmaceuticals, Inc.<sup>(d)</sup> <br>| &nbsp;&nbsp; 177351 | &nbsp;&nbsp; 88113297 |
| Total |  | &nbsp;&nbsp; 153933970 |
| **Health Care Equipment & Supplies 1.4%** | **Health Care Equipment & Supplies 1.4%** | **Health Care Equipment & Supplies 1.4%** |
| Abbott Laboratories | &nbsp;&nbsp; 527148 | &nbsp;&nbsp; 61333670 |
| Becton Dickinson & Co. | &nbsp;&nbsp; 274761 | &nbsp;&nbsp; 48489821 |
| Boston Scientific Corp.<sup>(d)</sup> <br>| &nbsp;&nbsp; 419315 | &nbsp;&nbsp; 32224358 |
| Total |  | &nbsp;&nbsp; 142047849 |
| **Health Care Providers & Services 0.8%** | **Health Care Providers & Services 0.8%** | **Health Care Providers & Services 0.8%** |
| Cigna Group (The) | &nbsp;&nbsp; 180433 | &nbsp;&nbsp; 52293092 |
| Henry Schein, Inc.<sup>(d)</sup> <br>| &nbsp;&nbsp; 349515 | &nbsp;&nbsp; 28796541 |
| Total |  | &nbsp;&nbsp; 81089633 |
| **Life Sciences Tools & Services 1.2%** | **Life Sciences Tools & Services 1.2%** | **Life Sciences Tools & Services 1.2%** |
| Agilent Technologies, Inc. | &nbsp;&nbsp; 25424 | &nbsp;&nbsp; 3085965 |
| IQVIA Holdings, Inc.<sup>(d)</sup> <br>| &nbsp;&nbsp; 179854 | &nbsp;&nbsp; 32159694 |
| Thermo Fisher Scientific, Inc. | &nbsp;&nbsp; 120472 | &nbsp;&nbsp; 62779164 |
| Waters Corp.<sup>(d)</sup> <br>| &nbsp;&nbsp; 56202 | &nbsp;&nbsp; 17949795 |
| Total |  | &nbsp;&nbsp; 115974618 |
| **Pharmaceuticals 1.6%** | **Pharmaceuticals 1.6%** | **Pharmaceuticals 1.6%** |
| Eli Lilly & Co. | &nbsp;&nbsp; 156461 | &nbsp;&nbsp; 164595407 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **657641477** |
| **Industrials 6.0%** | **Industrials 6.0%** | **Industrials 6.0%** |
| **Aerospace & Defense 1.3%** | **Aerospace & Defense 1.3%** | **Aerospace & Defense 1.3%** |
| Boeing Co. (The)<sup>(d)</sup> <br>| &nbsp;&nbsp; 376585 | &nbsp;&nbsp; 85684385 |
| General Electric Co. | &nbsp;&nbsp; 43033 | &nbsp;&nbsp; 14728474 |
| RTX Corp. | &nbsp;&nbsp; 163072 | &nbsp;&nbsp; 33041649 |
| Total |  | &nbsp;&nbsp; 133454508 |
| **Building Products 0.5%** | **Building Products 0.5%** | **Building Products 0.5%** |
| Carrier Global Corp. | &nbsp;&nbsp; 790424 | &nbsp;&nbsp; 50903306 |
| **Commercial Services & Supplies 0.4%** | **Commercial Services & Supplies 0.4%** | **Commercial Services & Supplies 0.4%** |
| Waste Management, Inc. | &nbsp;&nbsp; 159844 | &nbsp;&nbsp; 38496829 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Electrical Equipment 1.0%** | **Electrical Equipment 1.0%** | **Electrical Equipment 1.0%** |
| Eaton Corp. PLC | &nbsp;&nbsp; 193048 | &nbsp;&nbsp; 72570604 |
| GE Vernova, Inc. | &nbsp;&nbsp; 33122 | &nbsp;&nbsp; 28935379 |
| Total |  | &nbsp;&nbsp; 101505983 |
| **Industrial Conglomerates 1.4%** | **Industrial Conglomerates 1.4%** | **Industrial Conglomerates 1.4%** |
| Honeywell International, Inc. | &nbsp;&nbsp; 558607 | &nbsp;&nbsp; 136071079 |
| **Machinery 1.0%** | **Machinery 1.0%** | **Machinery 1.0%** |
| PACCAR, Inc. | &nbsp;&nbsp; 254970 | &nbsp;&nbsp; 32149167 |
| Parker-Hannifin Corp. | &nbsp;&nbsp; 29037 | &nbsp;&nbsp; 29303560 |
| Stanley Black & Decker, Inc. | &nbsp;&nbsp; 478328 | &nbsp;&nbsp; 41370589 |
| Total |  | &nbsp;&nbsp; 102823316 |
| **Professional Services 0.4%** | **Professional Services 0.4%** | **Professional Services 0.4%** |
| Jacobs Solutions, Inc. | &nbsp;&nbsp; 298790 | &nbsp;&nbsp; 41191189 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **604446210** |
| **Information Technology 19.7%** | **Information Technology 19.7%** | **Information Technology 19.7%** |
| **Electronic Equipment, Instruments & Components 1.0%** | **Electronic Equipment, Instruments & Components 1.0%** | **Electronic Equipment, Instruments & Components 1.0%** |
| TE Connectivity PLC | &nbsp;&nbsp; 423649 | &nbsp;&nbsp; 97502817 |
| **IT Services 0.2%** | **IT Services 0.2%** | **IT Services 0.2%** |
| Okta, Inc.<sup>(d)</sup> <br>| &nbsp;&nbsp; 252743 | &nbsp;&nbsp; 18323868 |
| **Semiconductors & Semiconductor Equipment 9.4%** | **Semiconductors & Semiconductor Equipment 9.4%** | **Semiconductors & Semiconductor Equipment 9.4%** |
| Applied Materials, Inc. | &nbsp;&nbsp; 216802 | &nbsp;&nbsp; 80715385 |
| Broadcom, Inc. | &nbsp;&nbsp; 509201 | &nbsp;&nbsp; 162715179 |
| Lam Research Corp. | &nbsp;&nbsp; 265148 | &nbsp;&nbsp; 62015466 |
| Marvell Technology, Inc. | &nbsp;&nbsp; 389240 | &nbsp;&nbsp; 31797016 |
| Micron Technology, Inc. | &nbsp;&nbsp; 58197 | &nbsp;&nbsp; 23998697 |
| NVIDIA Corp. | &nbsp;&nbsp; 2740049 | &nbsp;&nbsp; 485509282 |
| Texas Instruments, Inc. | &nbsp;&nbsp; 485138 | &nbsp;&nbsp; 102902621 |
| Total |  | &nbsp;&nbsp; 949653646 |
| **Software 5.1%** | **Software 5.1%** | **Software 5.1%** |
| Intuit, Inc. | &nbsp;&nbsp; 72713 | &nbsp;&nbsp; 29741798 |
| Microsoft Corp. | &nbsp;&nbsp; 937175 | &nbsp;&nbsp; 368066110 |
| Oracle Corp. | &nbsp;&nbsp; 349639 | &nbsp;&nbsp; 50837511 |
| Palo Alto Networks, Inc.<sup>(d)</sup> <br>| &nbsp;&nbsp; 136841 | &nbsp;&nbsp; 20378362 |
| Salesforce, Inc. | &nbsp;&nbsp; 104179 | &nbsp;&nbsp; 20293027 |
| Synopsys, Inc.<sup>(d)</sup> <br>| &nbsp;&nbsp; 72151 | &nbsp;&nbsp; 29870514 |
| Total |  | &nbsp;&nbsp; 519187322 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Technology Hardware, Storage & Peripherals 4.0%** | **Technology Hardware, Storage & Peripherals 4.0%** | **Technology Hardware, Storage & Peripherals 4.0%** |
| Apple, Inc. | &nbsp;&nbsp; 1422227 | &nbsp;&nbsp; 375723929 |
| Dell Technologies, Inc. | &nbsp;&nbsp; 216544 | &nbsp;&nbsp; 32065835 |
| Total |  | &nbsp;&nbsp; 407789764 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **1992457417** |
| **Materials 0.3%** | **Materials 0.3%** | **Materials 0.3%** |
| **Chemicals 0.3%** | **Chemicals 0.3%** | **Chemicals 0.3%** |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp; 356703 | &nbsp;&nbsp; 29331688 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **29331688** |
| **Real Estate 0.8%** | **Real Estate 0.8%** | **Real Estate 0.8%** |
| **Specialized REITs 0.8%** | **Specialized REITs 0.8%** | **Specialized REITs 0.8%** |
| Equinix, Inc. | &nbsp;&nbsp; 82099 | &nbsp;&nbsp; 79985772 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **79985772** |
| **Utilities 1.4%** | **Utilities 1.4%** | **Utilities 1.4%** |
| **Multi-Utilities 1.4%** | **Multi-Utilities 1.4%** | **Multi-Utilities 1.4%** |
| DTE Energy Co. | &nbsp;&nbsp; 509795 | &nbsp;&nbsp; 75572011 |
| Public Service Enterprise Group, Inc. | &nbsp;&nbsp; 762722 | &nbsp;&nbsp; 65647482 |
| Total |  | &nbsp;&nbsp; 141219493 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **141219493** |
| Total Common Stocks <br>(Cost $2,960,606,232) | Total Common Stocks <br>(Cost $2,960,606,232) | &nbsp;&nbsp; **6030525665** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes 8.2%** | **Corporate Bonds & Notes 8.2%** | **Corporate Bonds & Notes 8.2%** | **Corporate Bonds & Notes 8.2%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.9%** | **Aerospace & Defense 0.9%** | **Aerospace & Defense 0.9%** | **Aerospace & Defense 0.9%** |
| Allegheny Technologies, Inc. | Allegheny Technologies, Inc. | Allegheny Technologies, Inc. | Allegheny Technologies, Inc. |
| 10/01/2029 | &nbsp;&nbsp; 4.875% | 132000 | &nbsp;&nbsp; 131690 |
| 10/01/2031 | &nbsp;&nbsp; 5.125% | 201000 | &nbsp;&nbsp; 201957 |
| BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  |
| 03/26/2029 | &nbsp;&nbsp; 5.125% | 4312000 | &nbsp;&nbsp; 4463535 |
| 02/15/2031 | &nbsp;&nbsp; 1.900% | 4050000 | &nbsp;&nbsp; 3645281 |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 05/01/2040 | &nbsp;&nbsp; 5.705% | 9055000 | &nbsp;&nbsp; 9423213 |
| 08/01/2059 | &nbsp;&nbsp; 3.950% | 5019000 | &nbsp;&nbsp; 3596911 |
| L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. |
| 01/15/2027 | &nbsp;&nbsp; 5.400% | 20000000 | &nbsp;&nbsp; 20263245 |
| 07/31/2033 | &nbsp;&nbsp; 5.400% | 2500000 | &nbsp;&nbsp; 2633034 |
| Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. |
| 08/15/2030 | &nbsp;&nbsp; 4.400% | 4800000 | &nbsp;&nbsp; 4887085 |
| Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. |
| 02/01/2027 | &nbsp;&nbsp; 3.200% | 1889000 | &nbsp;&nbsp; 1879115 |
| 02/01/2029 | &nbsp;&nbsp; 4.600% | 9900000 | &nbsp;&nbsp; 10092832 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. |
| 03/15/2027 | &nbsp;&nbsp; 3.500% | 18308000 | &nbsp;&nbsp; 18254177 |
| 03/15/2032 | &nbsp;&nbsp; 2.375% | 9518000 | &nbsp;&nbsp; 8580581 |
| TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 6.375% | 128000 | &nbsp;&nbsp; 131608 |
| 12/15/2030 | &nbsp;&nbsp; 6.875% | 322000 | &nbsp;&nbsp; 335090 |
| 03/01/2032 | &nbsp;&nbsp; 6.625% | 675000 | &nbsp;&nbsp; 699052 |
| 01/15/2033 | &nbsp;&nbsp; 6.000% | 189000 | &nbsp;&nbsp; 192455 |
| 05/31/2033 | &nbsp;&nbsp; 6.375% | 632000 | &nbsp;&nbsp; 645507 |
| 01/31/2034 | &nbsp;&nbsp; 6.250% | 67000 | &nbsp;&nbsp; 69283 |
| 01/31/2034 | &nbsp;&nbsp; 6.750% | 330000 | &nbsp;&nbsp; 342607 |
| 07/31/2034 | &nbsp;&nbsp; 6.125% | 77000 | &nbsp;&nbsp; 78215 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **90546473** |
| **Agencies 0.0%** | **Agencies 0.0%** | **Agencies 0.0%** | **Agencies 0.0%** |
| Matador Resources Co.<sup>(a),(e)</sup>  | Matador Resources Co.<sup>(a),(e)</sup>  | Matador Resources Co.<sup>(a),(e)</sup>  | Matador Resources Co.<sup>(a),(e)</sup>  |
| 04/15/2034 | &nbsp;&nbsp; 6.000% | 84000 | &nbsp;&nbsp; 84102 |
| **Airlines 0.0%** | **Airlines 0.0%** | **Airlines 0.0%** | **Airlines 0.0%** |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  |
| 04/20/2029 | &nbsp;&nbsp; 5.750% | 304298 | &nbsp;&nbsp; 307872 |
| **Automotive 0.0%** | **Automotive 0.0%** | **Automotive 0.0%** | **Automotive 0.0%** |
| American Axle & Manufacturing, Inc.<sup>(a)</sup>  | American Axle & Manufacturing, Inc.<sup>(a)</sup>  | American Axle & Manufacturing, Inc.<sup>(a)</sup>  | American Axle & Manufacturing, Inc.<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.375% | 152000 | &nbsp;&nbsp; 154747 |
| 10/15/2033 | &nbsp;&nbsp; 7.750% | 411000 | &nbsp;&nbsp; 417576 |
| Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 6.750% | 102000 | &nbsp;&nbsp; 106823 |
| 09/15/2032 | &nbsp;&nbsp; 6.750% | 269000 | &nbsp;&nbsp; 279248 |
| IHO Verwaltungs GmbH<sup>(a),(f)</sup>  | IHO Verwaltungs GmbH<sup>(a),(f)</sup>  | IHO Verwaltungs GmbH<sup>(a),(f)</sup>  | IHO Verwaltungs GmbH<sup>(a),(f)</sup>  |
| 11/15/2032 | &nbsp;&nbsp; 8.000% | 351000 | &nbsp;&nbsp; 374489 |
| Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  |
| 09/30/2030 | &nbsp;&nbsp; 6.125% | 141000 | &nbsp;&nbsp; 141314 |
| Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  |
| 07/17/2035 | &nbsp;&nbsp; 8.125% | 416000 | &nbsp;&nbsp; 453274 |
| ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  |
| 04/14/2030 | &nbsp;&nbsp; 7.125% | 125000 | &nbsp;&nbsp; 128116 |
| 03/24/2031 | &nbsp;&nbsp; 7.500% | 413000 | &nbsp;&nbsp; 425389 |
| 04/23/2032 | &nbsp;&nbsp; 6.875% | 500000 | &nbsp;&nbsp; 501712 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2982688** |
| **Banking 1.7%** | **Banking 1.7%** | **Banking 1.7%** | **Banking 1.7%** |
| Ally Financial, Inc.<sup>(g)</sup>  | Ally Financial, Inc.<sup>(g)</sup>  | Ally Financial, Inc.<sup>(g)</sup>  | Ally Financial, Inc.<sup>(g)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 01/17/2040 | &nbsp;&nbsp; 6.646% | 45000 | &nbsp;&nbsp; 44964 |
| Bank of America Corp.<sup>(g)</sup>  | Bank of America Corp.<sup>(g)</sup>  | Bank of America Corp.<sup>(g)</sup>  | Bank of America Corp.<sup>(g)</sup>  |
| 02/04/2033 | &nbsp;&nbsp; 2.972% | 35470000 | &nbsp;&nbsp; 32768868 |
| Citigroup, Inc.<sup>(g)</sup>  | Citigroup, Inc.<sup>(g)</sup>  | Citigroup, Inc.<sup>(g)</sup>  | Citigroup, Inc.<sup>(g)</sup>  |
| 09/11/2031 | &nbsp;&nbsp; 4.503% | 6717000 | &nbsp;&nbsp; 6770316 |
| 09/11/2036 | &nbsp;&nbsp; 5.174% | 5420000 | &nbsp;&nbsp; 5511337 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(g)</sup>  |
| 04/22/2032 | &nbsp;&nbsp; 2.615% | 18015000 | &nbsp;&nbsp; 16541406 |
| HSBC Holdings PLC<sup>(g)</sup>  | HSBC Holdings PLC<sup>(g)</sup>  | HSBC Holdings PLC<sup>(g)</sup>  | HSBC Holdings PLC<sup>(g)</sup>  |
| 11/06/2031 | &nbsp;&nbsp; 4.619% | 3357000 | &nbsp;&nbsp; 3394657 |
| JPMorgan Chase & Co.<sup>(g)</sup>  | JPMorgan Chase & Co.<sup>(g)</sup>  | JPMorgan Chase & Co.<sup>(g)</sup>  | JPMorgan Chase & Co.<sup>(g)</sup>  |
| 07/22/2030 | &nbsp;&nbsp; 4.995% | 31991000 | &nbsp;&nbsp; 32956587 |
| 10/22/2031 | &nbsp;&nbsp; 4.255% | 6345000 | &nbsp;&nbsp; 6361060 |
| 01/22/2032 | &nbsp;&nbsp; 4.347% | 7134000 | &nbsp;&nbsp; 7167083 |
| 10/22/2036 | &nbsp;&nbsp; 4.810% | 1112000 | &nbsp;&nbsp; 1108775 |
| 01/22/2037 | &nbsp;&nbsp; 4.898% | 1358000 | &nbsp;&nbsp; 1365339 |
| Morgan Stanley<sup>(g)</sup>  | Morgan Stanley<sup>(g)</sup>  | Morgan Stanley<sup>(g)</sup>  | Morgan Stanley<sup>(g)</sup>  |
| 01/16/2032 | &nbsp;&nbsp; 4.493% | 8682000 | &nbsp;&nbsp; 8726583 |
| 01/30/2037 | &nbsp;&nbsp; 5.073% | 2816000 | &nbsp;&nbsp; 2839760 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/16/2036 | &nbsp;&nbsp; 2.484% | 10500000 | &nbsp;&nbsp; 9290896 |
| PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(g)</sup>  |
| 01/22/2035 | &nbsp;&nbsp; 5.676% | 3000000 | &nbsp;&nbsp; 3180984 |
| Royal Bank of Canada<sup>(g)</sup>  | Royal Bank of Canada<sup>(g)</sup>  | Royal Bank of Canada<sup>(g)</sup>  | Royal Bank of Canada<sup>(g)</sup>  |
| 08/06/2029 | &nbsp;&nbsp; 4.498% | 8400000 | &nbsp;&nbsp; 8501979 |
| 02/04/2031 | &nbsp;&nbsp; 5.153% | 1954000 | &nbsp;&nbsp; 2025702 |
| 08/06/2031 | &nbsp;&nbsp; 4.696% | 1190000 | &nbsp;&nbsp; 1215633 |
| US Bancorp<sup>(g)</sup>  | US Bancorp<sup>(g)</sup>  | US Bancorp<sup>(g)</sup>  | US Bancorp<sup>(g)</sup>  |
| 06/12/2034 | &nbsp;&nbsp; 5.836% | 3325000 | &nbsp;&nbsp; 3563364 |
| Wells Fargo & Co.<sup>(g)</sup>  | Wells Fargo & Co.<sup>(g)</sup>  | Wells Fargo & Co.<sup>(g)</sup>  | Wells Fargo & Co.<sup>(g)</sup>  |
| 04/24/2034 | &nbsp;&nbsp; 5.389% | 12500000 | &nbsp;&nbsp; 13020158 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **166355451** |
| **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** |
| Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 10.000% | 363000 | &nbsp;&nbsp; 386624 |
| Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 7.500% | 476000 | &nbsp;&nbsp; 470370 |
| Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  |
| 09/15/2031 | &nbsp;&nbsp; 6.750% | 318000 | &nbsp;&nbsp; 317762 |
| Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.750% | 382000 | &nbsp;&nbsp; 378416 |
| 01/31/2030 | &nbsp;&nbsp; 9.125% | 362000 | &nbsp;&nbsp; 375827 |
| Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 6.750% | 452000 | &nbsp;&nbsp; 456162 |
| 08/01/2033 | &nbsp;&nbsp; 8.000% | 447000 | &nbsp;&nbsp; 445755 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2830916** |
| **Building Materials 0.0%** | **Building Materials 0.0%** | **Building Materials 0.0%** | **Building Materials 0.0%** |
| American Builders & Contractors Supply Co., Inc.<sup>(a)</sup>  | American Builders & Contractors Supply Co., Inc.<sup>(a)</sup>  | American Builders & Contractors Supply Co., Inc.<sup>(a)</sup>  | American Builders & Contractors Supply Co., Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 3.875% | 335000 | &nbsp;&nbsp; 323650 |
| CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 9.750% | 127000 | &nbsp;&nbsp; 127056 |
| James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.000% | 319000 | &nbsp;&nbsp; 318433 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  |
| 07/31/2032 | &nbsp;&nbsp; 6.125% | 105000 | &nbsp;&nbsp; 107663 |
| LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 6.250% | 145000 | &nbsp;&nbsp; 110423 |
| 06/15/2031 | &nbsp;&nbsp; 9.500% | 302000 | &nbsp;&nbsp; 281766 |
| Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 6.375% | 456000 | &nbsp;&nbsp; 473986 |
| 03/01/2033 | &nbsp;&nbsp; 6.750% | 249000 | &nbsp;&nbsp; 258775 |
| QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  |
| 04/30/2032 | &nbsp;&nbsp; 6.750% | 274000 | &nbsp;&nbsp; 283967 |
| Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.500% | 142000 | &nbsp;&nbsp; 146291 |
| 08/01/2033 | &nbsp;&nbsp; 6.250% | 117000 | &nbsp;&nbsp; 119145 |
| Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 4.750% | 282000 | &nbsp;&nbsp; 281300 |
| White Cap Supply Holdings LLC<sup>(a)</sup>  | White Cap Supply Holdings LLC<sup>(a)</sup>  | White Cap Supply Holdings LLC<sup>(a)</sup>  | White Cap Supply Holdings LLC<sup>(a)</sup>  |
| 11/15/2030 | &nbsp;&nbsp; 7.375% | 374000 | &nbsp;&nbsp; 380025 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3212480** |
| **Cable and Satellite 0.2%** | **Cable and Satellite 0.2%** | **Cable and Satellite 0.2%** | **Cable and Satellite 0.2%** |
| CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  |
| 05/01/2027 | &nbsp;&nbsp; 5.125% | 110000 | &nbsp;&nbsp; 110115 |
| 02/01/2028 | &nbsp;&nbsp; 5.000% | 384000 | &nbsp;&nbsp; 383081 |
| 03/01/2030 | &nbsp;&nbsp; 4.750% | 807000 | &nbsp;&nbsp; 780214 |
| 08/15/2030 | &nbsp;&nbsp; 4.500% | 854000 | &nbsp;&nbsp; 813820 |
| 02/01/2032 | &nbsp;&nbsp; 4.750% | 263000 | &nbsp;&nbsp; 244406 |
| CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. |
| 05/01/2032 | &nbsp;&nbsp; 4.500% | 417000 | &nbsp;&nbsp; 381828 |
| Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC |
| 06/30/2062 | &nbsp;&nbsp; 3.950% | 3950000 | &nbsp;&nbsp; 2414155 |
| CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 5.500% | 47000 | &nbsp;&nbsp; 39763 |
| 02/01/2028 | &nbsp;&nbsp; 5.375% | 149000 | &nbsp;&nbsp; 107297 |
| 02/01/2029 | &nbsp;&nbsp; 6.500% | 508000 | &nbsp;&nbsp; 320622 |
| 01/15/2030 | &nbsp;&nbsp; 5.750% | 265000 | &nbsp;&nbsp; 102518 |
| 02/15/2031 | &nbsp;&nbsp; 3.375% | 320000 | &nbsp;&nbsp; 191236 |
| DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  |
| 12/01/2028 | &nbsp;&nbsp; 5.750% | 177000 | &nbsp;&nbsp; 171431 |
| DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  |
| 11/15/2027 | &nbsp;&nbsp; 11.750% | 570000 | &nbsp;&nbsp; 588741 |
| EchoStar Corp. | EchoStar Corp. | EchoStar Corp. | EchoStar Corp. |
| 11/30/2029 | &nbsp;&nbsp; 10.750% | 825424 | &nbsp;&nbsp; 901493 |
| Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  |
| 08/01/2027 | &nbsp;&nbsp; 5.000% | 127000 | &nbsp;&nbsp; 126979 |
| 07/01/2029 | &nbsp;&nbsp; 5.500% | 120000 | &nbsp;&nbsp; 120072 |
| Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC |
| 05/01/2037 | &nbsp;&nbsp; 6.550% | 12475000 | &nbsp;&nbsp; 12854158 |
| Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 5.000% | 168000 | &nbsp;&nbsp; 140969 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 5.500% | 259000 | &nbsp;&nbsp; 251804 |
| 08/15/2030 | &nbsp;&nbsp; 4.500% | 119000 | &nbsp;&nbsp; 108527 |
| VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 5.000% | 670000 | &nbsp;&nbsp; 595612 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **21748841** |
| **Chemicals 0.1%** | **Chemicals 0.1%** | **Chemicals 0.1%** | **Chemicals 0.1%** |
| Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  |
| 11/01/2031 | &nbsp;&nbsp; 6.250% | 120000 | &nbsp;&nbsp; 123863 |
| Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems LLC/Dutch Holding B BV<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 4.750% | 215000 | &nbsp;&nbsp; 214784 |
| Celanese US Holdings LLC | Celanese US Holdings LLC | Celanese US Holdings LLC | Celanese US Holdings LLC |
| 04/15/2030 | &nbsp;&nbsp; 6.500% | 170000 | &nbsp;&nbsp; 173850 |
| 02/15/2031 | &nbsp;&nbsp; 7.000% | 135000 | &nbsp;&nbsp; 139144 |
| 04/15/2033 | &nbsp;&nbsp; 6.750% | 97000 | &nbsp;&nbsp; 99493 |
| 11/15/2033 | &nbsp;&nbsp; 7.200% | 145000 | &nbsp;&nbsp; 155870 |
| 02/15/2034 | &nbsp;&nbsp; 7.375% | 177000 | &nbsp;&nbsp; 181698 |
| Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  |
| 09/01/2028 | &nbsp;&nbsp; 3.875% | 136000 | &nbsp;&nbsp; 133678 |
| Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.750% | 143000 | &nbsp;&nbsp; 125769 |
| INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 6.750% | 130000 | &nbsp;&nbsp; 120432 |
| 04/15/2029 | &nbsp;&nbsp; 7.500% | 601000 | &nbsp;&nbsp; 535708 |
| INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 9.625% | 607000 | &nbsp;&nbsp; 520506 |
| Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 11.500% | 360375 | &nbsp;&nbsp; 324201 |
| Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 6.750% | 398000 | &nbsp;&nbsp; 392243 |
| Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 4.250% | 127000 | &nbsp;&nbsp; 123546 |
| 10/01/2029 | &nbsp;&nbsp; 6.250% | 188000 | &nbsp;&nbsp; 184577 |
| 06/15/2031 | &nbsp;&nbsp; 7.250% | 408000 | &nbsp;&nbsp; 417638 |
| 02/15/2033 | &nbsp;&nbsp; 7.250% | 263000 | &nbsp;&nbsp; 261943 |
| Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 5.750% | 96000 | &nbsp;&nbsp; 98225 |
| 08/15/2033 | &nbsp;&nbsp; 6.250% | 118000 | &nbsp;&nbsp; 122602 |
| Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 4.625% | 193000 | &nbsp;&nbsp; 149601 |
| 09/30/2030 | &nbsp;&nbsp; 9.125% | 71000 | &nbsp;&nbsp; 69973 |
| WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 5.625% | 752000 | &nbsp;&nbsp; 720493 |
| 03/01/2031 | &nbsp;&nbsp; 7.375% | 81000 | &nbsp;&nbsp; 83065 |
| 08/15/2032 | &nbsp;&nbsp; 6.625% | 460000 | &nbsp;&nbsp; 464954 |
| 08/01/2033 | &nbsp;&nbsp; 7.000% | 115000 | &nbsp;&nbsp; 116998 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6054854** |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Construction Machinery 0.1%** | **Construction Machinery 0.1%** | **Construction Machinery 0.1%** | **Construction Machinery 0.1%** |
| Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. |
| 10/16/2026 | &nbsp;&nbsp; 4.450% | 4579000 | &nbsp;&nbsp; 4596890 |
| Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 6.625% | 212000 | &nbsp;&nbsp; 218893 |
| 06/15/2030 | &nbsp;&nbsp; 7.000% | 220000 | &nbsp;&nbsp; 230484 |
| 03/15/2031 | &nbsp;&nbsp; 5.750% | 77000 | &nbsp;&nbsp; 78061 |
| 06/15/2033 | &nbsp;&nbsp; 7.250% | 652000 | &nbsp;&nbsp; 688161 |
| 03/15/2034 | &nbsp;&nbsp; 6.000% | 80000 | &nbsp;&nbsp; 80461 |
| John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. |
| 07/14/2028 | &nbsp;&nbsp; 4.950% | 6850000 | &nbsp;&nbsp; 7039708 |
| United Rentals North America, Inc.<sup>(a)</sup>  | United Rentals North America, Inc.<sup>(a)</sup>  | United Rentals North America, Inc.<sup>(a)</sup>  | United Rentals North America, Inc.<sup>(a)</sup>  |
| 11/15/2033 | &nbsp;&nbsp; 5.375% | 270000 | &nbsp;&nbsp; 272127 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **13204785** |
| **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** |
| Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.250% | 283000 | &nbsp;&nbsp; 274332 |
| 12/01/2028 | &nbsp;&nbsp; 6.125% | 636000 | &nbsp;&nbsp; 599695 |
| Garda World Security Corp.<sup>(a)</sup>  | Garda World Security Corp.<sup>(a)</sup>  | Garda World Security Corp.<sup>(a)</sup>  | Garda World Security Corp.<sup>(a)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 6.000% | 70000 | &nbsp;&nbsp; 68602 |
| 11/15/2032 | &nbsp;&nbsp; 8.375% | 65000 | &nbsp;&nbsp; 66536 |
| Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 3.625% | 22000 | &nbsp;&nbsp; 19957 |
| Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  |
| 12/15/2027 | &nbsp;&nbsp; 5.000% | 52000 | &nbsp;&nbsp; 51963 |
| 06/01/2028 | &nbsp;&nbsp; 4.625% | 139000 | &nbsp;&nbsp; 137380 |
| 02/15/2029 | &nbsp;&nbsp; 5.625% | 232000 | &nbsp;&nbsp; 231399 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1449864** |
| **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** |
| CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 9.500% | 79000 | &nbsp;&nbsp; 65007 |
| Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 8.500% | 164000 | &nbsp;&nbsp; 172612 |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| 05/15/2030 | &nbsp;&nbsp; 6.375% | 186000 | &nbsp;&nbsp; 186600 |
| 05/15/2032 | &nbsp;&nbsp; 6.625% | 180000 | &nbsp;&nbsp; 180012 |
| Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  |
| 03/31/2032 | &nbsp;&nbsp; 6.500% | 155000 | &nbsp;&nbsp; 159597 |
| Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) |
| 02/01/2032 | &nbsp;&nbsp; 4.375% | 195000 | &nbsp;&nbsp; 185340 |
| Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. |
| 06/15/2030 | &nbsp;&nbsp; 6.125% | 51000 | &nbsp;&nbsp; 51160 |
| 06/15/2033 | &nbsp;&nbsp; 6.500% | 53000 | &nbsp;&nbsp; 52957 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1053285** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** |
| Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.375% | 45000 | &nbsp;&nbsp; 46787 |
| Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  |
| 01/01/2030 | &nbsp;&nbsp; 7.500% | 136000 | &nbsp;&nbsp; 141482 |
| Columbus McKinnon Corp.<sup>(a)</sup>  | Columbus McKinnon Corp.<sup>(a)</sup>  | Columbus McKinnon Corp.<sup>(a)</sup>  | Columbus McKinnon Corp.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 7.125% | 72000 | &nbsp;&nbsp; 74221 |
| Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 6.625% | 528000 | &nbsp;&nbsp; 546643 |
| EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 6.750% | 119000 | &nbsp;&nbsp; 124029 |
| Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.250% | 102000 | &nbsp;&nbsp; 104699 |
| Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 6.875% | 53000 | &nbsp;&nbsp; 55152 |
| Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  |
| 06/30/2029 | &nbsp;&nbsp; 5.875% | 470000 | &nbsp;&nbsp; 468985 |
| Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 4.000% | 142000 | &nbsp;&nbsp; 138388 |
| Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 5.250% | 380000 | &nbsp;&nbsp; 379500 |
| WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 7.250% | 193000 | &nbsp;&nbsp; 194465 |
| 03/15/2029 | &nbsp;&nbsp; 6.375% | 66000 | &nbsp;&nbsp; 67877 |
| 04/15/2031 | &nbsp;&nbsp; 5.250% | 83000 | &nbsp;&nbsp; 83264 |
| 03/15/2032 | &nbsp;&nbsp; 6.625% | 223000 | &nbsp;&nbsp; 231849 |
| 03/15/2033 | &nbsp;&nbsp; 6.375% | 386000 | &nbsp;&nbsp; 402731 |
| 04/15/2034 | &nbsp;&nbsp; 5.500% | 139000 | &nbsp;&nbsp; 140056 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3200128** |
| **Electric 0.7%** | **Electric 0.7%** | **Electric 0.7%** | **Electric 0.7%** |
| Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.750% | 182000 | &nbsp;&nbsp; 189271 |
| 01/15/2034 | &nbsp;&nbsp; 6.250% | 148000 | &nbsp;&nbsp; 149900 |
| California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 6.375% | 181000 | &nbsp;&nbsp; 180247 |
| Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 4.750% | 185000 | &nbsp;&nbsp; 184511 |
| 02/15/2031 | &nbsp;&nbsp; 3.750% | 725000 | &nbsp;&nbsp; 686920 |
| 01/15/2032 | &nbsp;&nbsp; 3.750% | 102000 | &nbsp;&nbsp; 94732 |
| 01/15/2034 | &nbsp;&nbsp; 5.750% | 248000 | &nbsp;&nbsp; 251279 |
| Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. |
| 03/15/2035 | &nbsp;&nbsp; 5.450% | 4260000 | &nbsp;&nbsp; 4400900 |
| DTE Energy Co. | DTE Energy Co. | DTE Energy Co. | DTE Energy Co. |
| 07/01/2027 | &nbsp;&nbsp; 4.950% | 5155000 | &nbsp;&nbsp; 5215769 |
| Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. |
| 08/15/2052 | &nbsp;&nbsp; 5.000% | 7156000 | &nbsp;&nbsp; 6353531 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Duke Energy Indiana LLC | Duke Energy Indiana LLC | Duke Energy Indiana LLC | Duke Energy Indiana LLC |
| 04/01/2053 | &nbsp;&nbsp; 5.400% | 1685000 | &nbsp;&nbsp; 1630958 |
| Edison International | Edison International | Edison International | Edison International |
| 11/15/2028 | &nbsp;&nbsp; 5.250% | 5373000 | &nbsp;&nbsp; 5474368 |
| Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.750% | 260000 | &nbsp;&nbsp; 279188 |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| 09/01/2027 | &nbsp;&nbsp; 4.685% | 6081000 | &nbsp;&nbsp; 6150405 |
| 03/15/2035 | &nbsp;&nbsp; 5.450% | 14120000 | &nbsp;&nbsp; 14686677 |
| NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 4.500% | 231000 | &nbsp;&nbsp; 229936 |
| 01/15/2029 | &nbsp;&nbsp; 7.250% | 284000 | &nbsp;&nbsp; 294303 |
| NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 3.375% | 134000 | &nbsp;&nbsp; 129090 |
| 07/15/2029 | &nbsp;&nbsp; 5.750% | 289000 | &nbsp;&nbsp; 289681 |
| 02/15/2031 | &nbsp;&nbsp; 3.625% | 174000 | &nbsp;&nbsp; 164413 |
| 02/15/2032 | &nbsp;&nbsp; 3.875% | 44000 | &nbsp;&nbsp; 41198 |
| 02/01/2033 | &nbsp;&nbsp; 6.000% | 254000 | &nbsp;&nbsp; 260313 |
| 01/15/2034 | &nbsp;&nbsp; 5.750% | 244000 | &nbsp;&nbsp; 247450 |
| 11/01/2034 | &nbsp;&nbsp; 6.250% | 77000 | &nbsp;&nbsp; 79632 |
| 01/15/2036 | &nbsp;&nbsp; 6.000% | 219000 | &nbsp;&nbsp; 222895 |
| Ohio Edison Co.<sup>(a)</sup>  | Ohio Edison Co.<sup>(a)</sup>  | Ohio Edison Co.<sup>(a)</sup>  | Ohio Edison Co.<sup>(a)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 5.500% | 7000000 | &nbsp;&nbsp; 7346088 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| 01/15/2053 | &nbsp;&nbsp; 6.750% | 10331000 | &nbsp;&nbsp; 11168602 |
| PG&E Corp.<sup>(g)</sup>  | PG&E Corp.<sup>(g)</sup>  | PG&E Corp.<sup>(g)</sup>  | PG&E Corp.<sup>(g)</sup>  |
| 03/15/2055 | &nbsp;&nbsp; 7.375% | 152000 | &nbsp;&nbsp; 157353 |
| 09/15/2056 | &nbsp;&nbsp; 6.850% | 56000 | &nbsp;&nbsp; 55932 |
| Talen Energy Supply LLC<sup>(a)</sup>  | Talen Energy Supply LLC<sup>(a)</sup>  | Talen Energy Supply LLC<sup>(a)</sup>  | Talen Energy Supply LLC<sup>(a)</sup>  |
| 02/01/2034 | &nbsp;&nbsp; 6.250% | 262000 | &nbsp;&nbsp; 266587 |
| 02/01/2036 | &nbsp;&nbsp; 6.500% | 262000 | &nbsp;&nbsp; 269342 |
| TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  |
| 01/31/2028 | &nbsp;&nbsp; 5.000% | 257000 | &nbsp;&nbsp; 257331 |
| 01/15/2030 | &nbsp;&nbsp; 4.750% | 470000 | &nbsp;&nbsp; 460168 |
| Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  |
| 10/15/2031 | &nbsp;&nbsp; 7.750% | 462000 | &nbsp;&nbsp; 488052 |
| 04/15/2032 | &nbsp;&nbsp; 6.875% | 462000 | &nbsp;&nbsp; 485681 |
| VoltaGrid LLC<sup>(a)</sup>  | VoltaGrid LLC<sup>(a)</sup>  | VoltaGrid LLC<sup>(a)</sup>  | VoltaGrid LLC<sup>(a)</sup>  |
| 11/01/2030 | &nbsp;&nbsp; 7.375% | 242000 | &nbsp;&nbsp; 252588 |
| XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 8.375% | 147000 | &nbsp;&nbsp; 155521 |
| 03/15/2033 | &nbsp;&nbsp; 8.625% | 280000 | &nbsp;&nbsp; 296347 |
| 04/15/2034 | &nbsp;&nbsp; 7.750% | 386000 | &nbsp;&nbsp; 400082 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **69947241** |
| **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** |
| GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 6.750% | 231000 | &nbsp;&nbsp; 242210 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 7.000% | 387000 | &nbsp;&nbsp; 402989 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **645199** |
| **Finance Companies 0.1%** | **Finance Companies 0.1%** | **Finance Companies 0.1%** | **Finance Companies 0.1%** |
| Bread Financial Holdings, Inc.<sup>(a)</sup>  | Bread Financial Holdings, Inc.<sup>(a)</sup>  | Bread Financial Holdings, Inc.<sup>(a)</sup>  | Bread Financial Holdings, Inc.<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 6.750% | 66000 | &nbsp;&nbsp; 67356 |
| CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 6.500% | 151000 | &nbsp;&nbsp; 150607 |
| GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.875% | 342000 | &nbsp;&nbsp; 352564 |
| 03/15/2030 | &nbsp;&nbsp; 5.875% | 318000 | &nbsp;&nbsp; 324821 |
| goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 7.625% | 214000 | &nbsp;&nbsp; 200674 |
| 05/15/2030 | &nbsp;&nbsp; 6.875% | 45000 | &nbsp;&nbsp; 40107 |
| 10/01/2030 | &nbsp;&nbsp; 7.375% | 46000 | &nbsp;&nbsp; 40762 |
| 02/15/2031 | &nbsp;&nbsp; 6.875% | 91000 | &nbsp;&nbsp; 78485 |
| Navient Corp. | Navient Corp. | Navient Corp. | Navient Corp. |
| 03/15/2031 | &nbsp;&nbsp; 11.500% | 270000 | &nbsp;&nbsp; 286526 |
| OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. |
| 05/15/2029 | &nbsp;&nbsp; 6.625% | 428000 | &nbsp;&nbsp; 437614 |
| 03/15/2030 | &nbsp;&nbsp; 7.875% | 199000 | &nbsp;&nbsp; 208163 |
| 05/15/2031 | &nbsp;&nbsp; 7.500% | 270000 | &nbsp;&nbsp; 278754 |
| 03/15/2032 | &nbsp;&nbsp; 6.750% | 289000 | &nbsp;&nbsp; 291500 |
| 03/15/2033 | &nbsp;&nbsp; 6.500% | 361000 | &nbsp;&nbsp; 358076 |
| 09/15/2033 | &nbsp;&nbsp; 6.750% | 274000 | &nbsp;&nbsp; 271985 |
| Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 9.750% | 440000 | &nbsp;&nbsp; 457887 |
| Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 6.125% | 129000 | &nbsp;&nbsp; 132267 |
| Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 3.625% | 77000 | &nbsp;&nbsp; 74140 |
| 10/15/2033 | &nbsp;&nbsp; 4.000% | 772000 | &nbsp;&nbsp; 708720 |
| United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 5.750% | 40000 | &nbsp;&nbsp; 39804 |
| 04/15/2029 | &nbsp;&nbsp; 5.500% | 362000 | &nbsp;&nbsp; 354718 |
| UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 6.625% | 316000 | &nbsp;&nbsp; 313564 |
| 03/15/2031 | &nbsp;&nbsp; 6.250% | 402000 | &nbsp;&nbsp; 387741 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5856835** |
| **Food and Beverage 0.8%** | **Food and Beverage 0.8%** | **Food and Beverage 0.8%** | **Food and Beverage 0.8%** |
| Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.700% | 1510000 | &nbsp;&nbsp; 1523125 |
| 05/15/2038 | &nbsp;&nbsp; 5.150% | 21031000 | &nbsp;&nbsp; 20274615 |
| Campbell Soup Co. | Campbell Soup Co. | Campbell Soup Co. | Campbell Soup Co. |
| 03/23/2035 | &nbsp;&nbsp; 4.750% | 7530000 | &nbsp;&nbsp; 7310329 |
| Chobani Holdco II LLC<sup>(a),(f)</sup>  | Chobani Holdco II LLC<sup>(a),(f)</sup>  | Chobani Holdco II LLC<sup>(a),(f)</sup>  | Chobani Holdco II LLC<sup>(a),(f)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 8.750% | 228113 | &nbsp;&nbsp; 244938 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 7.625% | 76000 | &nbsp;&nbsp; 79177 |
| Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. |
| 08/01/2029 | &nbsp;&nbsp; 3.150% | 4032000 | &nbsp;&nbsp; 3919536 |
| General Mills, Inc. | General Mills, Inc. | General Mills, Inc. | General Mills, Inc. |
| 01/30/2027 | &nbsp;&nbsp; 4.700% | 2734000 | &nbsp;&nbsp; 2751372 |
| Heineken NV<sup>(a)</sup>  | Heineken NV<sup>(a)</sup>  | Heineken NV<sup>(a)</sup>  | Heineken NV<sup>(a)</sup>  |
| 01/29/2028 | &nbsp;&nbsp; 3.500% | 8690000 | &nbsp;&nbsp; 8631880 |
| Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. |
| 06/01/2026 | &nbsp;&nbsp; 3.000% | 9060000 | &nbsp;&nbsp; 9034603 |
| Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  |
| 01/31/2032 | &nbsp;&nbsp; 4.375% | 144000 | &nbsp;&nbsp; 137547 |
| Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  |
| 04/20/2028 | &nbsp;&nbsp; 4.550% | 8725000 | &nbsp;&nbsp; 8843357 |
| 03/01/2035 | &nbsp;&nbsp; 5.200% | 11299000 | &nbsp;&nbsp; 11703950 |
| Pepsico Singapore Financing I Pte Ltd. | Pepsico Singapore Financing I Pte Ltd. | Pepsico Singapore Financing I Pte Ltd. | Pepsico Singapore Financing I Pte Ltd. |
| 02/16/2027 | &nbsp;&nbsp; 4.650% | 5433000 | &nbsp;&nbsp; 5474918 |
| Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 4.625% | 459000 | &nbsp;&nbsp; 449769 |
| 09/15/2031 | &nbsp;&nbsp; 4.500% | 205000 | &nbsp;&nbsp; 196029 |
| 02/15/2032 | &nbsp;&nbsp; 6.250% | 68000 | &nbsp;&nbsp; 69960 |
| 03/15/2036 | &nbsp;&nbsp; 6.500% | 249000 | &nbsp;&nbsp; 252981 |
| Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 6.250% | 269000 | &nbsp;&nbsp; 268986 |
| 04/30/2029 | &nbsp;&nbsp; 4.375% | 236000 | &nbsp;&nbsp; 231334 |
| Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 4.625% | 314000 | &nbsp;&nbsp; 302400 |
| US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 6.875% | 198000 | &nbsp;&nbsp; 204181 |
| 02/15/2029 | &nbsp;&nbsp; 4.750% | 321000 | &nbsp;&nbsp; 319327 |
| 06/01/2030 | &nbsp;&nbsp; 4.625% | 208000 | &nbsp;&nbsp; 205918 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **82430232** |
| **Gaming 0.0%** | **Gaming 0.0%** | **Gaming 0.0%** | **Gaming 0.0%** |
| Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 4.625% | 243000 | &nbsp;&nbsp; 237558 |
| 02/15/2030 | &nbsp;&nbsp; 7.000% | 388000 | &nbsp;&nbsp; 397941 |
| 02/15/2032 | &nbsp;&nbsp; 6.500% | 201000 | &nbsp;&nbsp; 204203 |
| 10/15/2032 | &nbsp;&nbsp; 6.000% | 250000 | &nbsp;&nbsp; 244375 |
| CDI Escrow Issuer, Inc.<sup>(a)</sup>  | CDI Escrow Issuer, Inc.<sup>(a)</sup>  | CDI Escrow Issuer, Inc.<sup>(a)</sup>  | CDI Escrow Issuer, Inc.<sup>(a)</sup>  |
| 04/01/2030 | &nbsp;&nbsp; 5.750% | 185000 | &nbsp;&nbsp; 186483 |
| Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  |
| 05/01/2031 | &nbsp;&nbsp; 6.750% | 184000 | &nbsp;&nbsp; 189675 |
| Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 7.500% | 197000 | &nbsp;&nbsp; 205580 |
| 10/01/2033 | &nbsp;&nbsp; 6.250% | 274000 | &nbsp;&nbsp; 274970 |
| Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.125% | 336000 | &nbsp;&nbsp; 317013 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 6.625% | 316000 | &nbsp;&nbsp; 324389 |
| Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 6.250% | 196000 | &nbsp;&nbsp; 200298 |
| Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 6.625% | 529000 | &nbsp;&nbsp; 479788 |
| Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.250% | 247000 | &nbsp;&nbsp; 263697 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3525970** |
| **Health Care 0.6%** | **Health Care 0.6%** | **Health Care 0.6%** | **Health Care 0.6%** |
| Abbott Laboratories<sup>(e)</sup>  | Abbott Laboratories<sup>(e)</sup>  | Abbott Laboratories<sup>(e)</sup>  | Abbott Laboratories<sup>(e)</sup>  |
| 03/15/2036 | &nbsp;&nbsp; 4.650% | 4231000 | &nbsp;&nbsp; 4228649 |
| Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 5.500% | 317000 | &nbsp;&nbsp; 316071 |
| 04/15/2029 | &nbsp;&nbsp; 5.000% | 236000 | &nbsp;&nbsp; 231092 |
| 03/15/2033 | &nbsp;&nbsp; 7.375% | 327000 | &nbsp;&nbsp; 337278 |
| Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  |
| 07/15/2028 | &nbsp;&nbsp; 4.625% | 154000 | &nbsp;&nbsp; 152542 |
| 11/01/2029 | &nbsp;&nbsp; 3.875% | 400000 | &nbsp;&nbsp; 381337 |
| Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 8.375% | 201000 | &nbsp;&nbsp; 208860 |
| Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 4.250% | 160000 | &nbsp;&nbsp; 157614 |
| 03/15/2029 | &nbsp;&nbsp; 3.750% | 242000 | &nbsp;&nbsp; 233175 |
| CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.875% | 239000 | &nbsp;&nbsp; 230646 |
| 05/15/2030 | &nbsp;&nbsp; 5.250% | 367000 | &nbsp;&nbsp; 352723 |
| 01/15/2032 | &nbsp;&nbsp; 10.875% | 94000 | &nbsp;&nbsp; 102007 |
| Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 6.875% | 241000 | &nbsp;&nbsp; 251951 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 03/25/2038 | &nbsp;&nbsp; 4.780% | 6450000 | &nbsp;&nbsp; 6155261 |
| 03/25/2048 | &nbsp;&nbsp; 5.050% | 5280000 | &nbsp;&nbsp; 4706487 |
| DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  |
| 07/15/2033 | &nbsp;&nbsp; 6.750% | 188000 | &nbsp;&nbsp; 195308 |
| GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. |
| 11/15/2027 | &nbsp;&nbsp; 5.650% | 13500000 | &nbsp;&nbsp; 13870134 |
| 12/15/2028 | &nbsp;&nbsp; 4.150% | 2522000 | &nbsp;&nbsp; 2532986 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 09/01/2030 | &nbsp;&nbsp; 3.500% | 19600000 | &nbsp;&nbsp; 18986471 |
| IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  |
| 05/15/2030 | &nbsp;&nbsp; 6.500% | 104000 | &nbsp;&nbsp; 106875 |
| 06/01/2032 | &nbsp;&nbsp; 6.250% | 302000 | &nbsp;&nbsp; 311192 |
| LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 11.000% | 91000 | &nbsp;&nbsp; 98875 |
| Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 5.250% | 701000 | &nbsp;&nbsp; 701394 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  |
| 12/01/2032 | &nbsp;&nbsp; 6.250% | 261000 | &nbsp;&nbsp; 254561 |
| Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 9.000% | 543000 | &nbsp;&nbsp; 551298 |
| Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 7.250% | 525000 | &nbsp;&nbsp; 524354 |
| Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. |
| 11/01/2027 | &nbsp;&nbsp; 5.125% | 237000 | &nbsp;&nbsp; 237106 |
| 10/01/2028 | &nbsp;&nbsp; 6.125% | 220000 | &nbsp;&nbsp; 220580 |
| 05/15/2031 | &nbsp;&nbsp; 6.750% | 262000 | &nbsp;&nbsp; 272068 |
| Tenet Healthcare Corp.<sup>(a)</sup>  | Tenet Healthcare Corp.<sup>(a)</sup>  | Tenet Healthcare Corp.<sup>(a)</sup>  | Tenet Healthcare Corp.<sup>(a)</sup>  |
| 11/15/2032 | &nbsp;&nbsp; 5.500% | 591000 | &nbsp;&nbsp; 598707 |
| 11/15/2033 | &nbsp;&nbsp; 6.000% | 210000 | &nbsp;&nbsp; 217121 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **57724723** |
| **Healthcare Insurance 0.2%** | **Healthcare Insurance 0.2%** | **Healthcare Insurance 0.2%** | **Healthcare Insurance 0.2%** |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 01/15/2031 | &nbsp;&nbsp; 4.650% | 3065000 | &nbsp;&nbsp; 3130306 |
| 04/15/2034 | &nbsp;&nbsp; 5.000% | 15612000 | &nbsp;&nbsp; 16016560 |
| 04/15/2054 | &nbsp;&nbsp; 5.375% | 4000 | &nbsp;&nbsp; 3793 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **19150659** |
| **Independent Energy 0.1%** | **Independent Energy 0.1%** | **Independent Energy 0.1%** | **Independent Energy 0.1%** |
| APA Corp. | APA Corp. | APA Corp. | APA Corp. |
| 02/15/2055 | &nbsp;&nbsp; 6.750% | 2994000 | &nbsp;&nbsp; 3044850 |
| Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 8.375% | 11000 | &nbsp;&nbsp; 11369 |
| 11/01/2030 | &nbsp;&nbsp; 8.625% | 28000 | &nbsp;&nbsp; 29637 |
| 07/01/2031 | &nbsp;&nbsp; 8.750% | 289000 | &nbsp;&nbsp; 303025 |
| 06/15/2033 | &nbsp;&nbsp; 9.625% | 466000 | &nbsp;&nbsp; 515163 |
| CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 7.250% | 197000 | &nbsp;&nbsp; 206462 |
| 03/01/2034 | &nbsp;&nbsp; 5.875% | 145000 | &nbsp;&nbsp; 145223 |
| Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 6.750% | 220000 | &nbsp;&nbsp; 219320 |
| Crescent Energy Finance LLC<sup>(a)</sup>  | Crescent Energy Finance LLC<sup>(a)</sup>  | Crescent Energy Finance LLC<sup>(a)</sup>  | Crescent Energy Finance LLC<sup>(a)</sup>  |
| 04/01/2032 | &nbsp;&nbsp; 7.625% | 60000 | &nbsp;&nbsp; 60635 |
| 01/15/2033 | &nbsp;&nbsp; 7.375% | 65000 | &nbsp;&nbsp; 64596 |
| Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  |
| 11/01/2028 | &nbsp;&nbsp; 6.250% | 307000 | &nbsp;&nbsp; 309668 |
| 02/01/2029 | &nbsp;&nbsp; 5.750% | 103000 | &nbsp;&nbsp; 103261 |
| 04/15/2030 | &nbsp;&nbsp; 6.000% | 56000 | &nbsp;&nbsp; 55205 |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 121000 | &nbsp;&nbsp; 117815 |
| 11/01/2033 | &nbsp;&nbsp; 8.375% | 174000 | &nbsp;&nbsp; 183425 |
| 02/15/2035 | &nbsp;&nbsp; 7.250% | 163000 | &nbsp;&nbsp; 161545 |
| Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 6.500% | 459000 | &nbsp;&nbsp; 468770 |
| 04/15/2033 | &nbsp;&nbsp; 6.250% | 112000 | &nbsp;&nbsp; 113966 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| 10/01/2054 | &nbsp;&nbsp; 6.050% | 5000000 | &nbsp;&nbsp; 4980673 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 8.000% | 118000 | &nbsp;&nbsp; 118727 |
| 01/15/2032 | &nbsp;&nbsp; 7.000% | 369000 | &nbsp;&nbsp; 387184 |
| 02/01/2033 | &nbsp;&nbsp; 6.250% | 151000 | &nbsp;&nbsp; 156082 |
| SM Energy Co. | SM Energy Co. | SM Energy Co. | SM Energy Co. |
| 09/15/2026 | &nbsp;&nbsp; 6.750% | 252000 | &nbsp;&nbsp; 252283 |
| SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.750% | 217000 | &nbsp;&nbsp; 221941 |
| 08/01/2032 | &nbsp;&nbsp; 7.000% | 51000 | &nbsp;&nbsp; 51916 |
| Vital Energy, Inc.<sup>(a)</sup>  | Vital Energy, Inc.<sup>(a)</sup>  | Vital Energy, Inc.<sup>(a)</sup>  | Vital Energy, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 7.875% | 60000 | &nbsp;&nbsp; 61001 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **12343742** |
| **Integrated Energy 0.1%** | **Integrated Energy 0.1%** | **Integrated Energy 0.1%** | **Integrated Energy 0.1%** |
| BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. |
| 11/17/2027 | &nbsp;&nbsp; 5.017% | 10545000 | &nbsp;&nbsp; 10758882 |
| 03/17/2052 | &nbsp;&nbsp; 3.001% | 5150000 | &nbsp;&nbsp; 3385316 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **14144198** |
| **Leisure 0.1%** | **Leisure 0.1%** | **Leisure 0.1%** | **Leisure 0.1%** |
| Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 4.750% | 251000 | &nbsp;&nbsp; 249180 |
| Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  |
| 03/15/2030 | &nbsp;&nbsp; 5.750% | 216000 | &nbsp;&nbsp; 223498 |
| 08/01/2032 | &nbsp;&nbsp; 5.750% | 332000 | &nbsp;&nbsp; 344924 |
| 02/15/2033 | &nbsp;&nbsp; 6.125% | 393000 | &nbsp;&nbsp; 406761 |
| Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op |
| 10/01/2028 | &nbsp;&nbsp; 6.500% | 123000 | &nbsp;&nbsp; 123080 |
| Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  | Cinemark USA, Inc.<sup>(a)</sup>  |
| 07/15/2028 | &nbsp;&nbsp; 5.250% | 97000 | &nbsp;&nbsp; 97010 |
| 08/01/2032 | &nbsp;&nbsp; 7.000% | 184000 | &nbsp;&nbsp; 191592 |
| NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 5.875% | 282000 | &nbsp;&nbsp; 284253 |
| 02/01/2032 | &nbsp;&nbsp; 6.750% | 302000 | &nbsp;&nbsp; 310738 |
| 09/15/2033 | &nbsp;&nbsp; 6.250% | 219000 | &nbsp;&nbsp; 220969 |
| NCL Finance Ltd.<sup>(a)</sup>  | NCL Finance Ltd.<sup>(a)</sup>  | NCL Finance Ltd.<sup>(a)</sup>  | NCL Finance Ltd.<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 6.125% | 201000 | &nbsp;&nbsp; 206195 |
| Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 7.250% | 686000 | &nbsp;&nbsp; 673749 |
| Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium <br> Operations LLC<sup>(a)</sup>  | Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium <br> Operations LLC<sup>(a)</sup>  | Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium <br> Operations LLC<sup>(a)</sup>  | Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium <br> Operations LLC<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 8.625% | 248000 | &nbsp;&nbsp; 250811 |
| Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  |
| 05/01/2032 | &nbsp;&nbsp; 6.625% | 201000 | &nbsp;&nbsp; 204378 |
| Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  |
| 05/15/2032 | &nbsp;&nbsp; 6.500% | 144000 | &nbsp;&nbsp; 149026 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 9.125% | 347000 | &nbsp;&nbsp; 368964 |
| 10/15/2033 | &nbsp;&nbsp; 5.875% | 339000 | &nbsp;&nbsp; 345852 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4650980** |
| **Life Insurance 0.2%** | **Life Insurance 0.2%** | **Life Insurance 0.2%** | **Life Insurance 0.2%** |
| Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  |
| 10/01/2027 | &nbsp;&nbsp; 4.000% | 6338000 | &nbsp;&nbsp; 6351714 |
| 04/12/2029 | &nbsp;&nbsp; 5.250% | 6379000 | &nbsp;&nbsp; 6607208 |
| Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  | Principal Life Global Funding II<sup>(a)</sup>  |
| 01/09/2028 | &nbsp;&nbsp; 4.800% | 3065000 | &nbsp;&nbsp; 3111060 |
| 11/27/2029 | &nbsp;&nbsp; 4.950% | 1856000 | &nbsp;&nbsp; 1900814 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **17970796** |
| **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** |
| Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  |
| 09/15/2033 | &nbsp;&nbsp; 5.750% | 140000 | &nbsp;&nbsp; 143348 |
| Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 6.625% | 324000 | &nbsp;&nbsp; 330734 |
| Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  |
| 10/01/2033 | &nbsp;&nbsp; 6.500% | 462000 | &nbsp;&nbsp; 447468 |
| Wyndham Hotels & Resorts, Inc.<sup>(a)</sup>  | Wyndham Hotels & Resorts, Inc.<sup>(a)</sup>  | Wyndham Hotels & Resorts, Inc.<sup>(a)</sup>  | Wyndham Hotels & Resorts, Inc.<sup>(a)</sup>  |
| 03/01/2033 | &nbsp;&nbsp; 5.625% | 129000 | &nbsp;&nbsp; 129806 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1051356** |
| **Media and Entertainment 0.2%** | **Media and Entertainment 0.2%** | **Media and Entertainment 0.2%** | **Media and Entertainment 0.2%** |
| Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 7.750% | 109000 | &nbsp;&nbsp; 109903 |
| 06/01/2029 | &nbsp;&nbsp; 7.500% | 419000 | &nbsp;&nbsp; 422053 |
| 04/01/2030 | &nbsp;&nbsp; 7.875% | 198000 | &nbsp;&nbsp; 208665 |
| 02/15/2031 | &nbsp;&nbsp; 7.125% | 239000 | &nbsp;&nbsp; 252494 |
| 03/15/2033 | &nbsp;&nbsp; 7.500% | 242000 | &nbsp;&nbsp; 261253 |
| Gray Escrow II, Inc.<sup>(a)</sup>  | Gray Escrow II, Inc.<sup>(a)</sup>  | Gray Escrow II, Inc.<sup>(a)</sup>  | Gray Escrow II, Inc.<sup>(a)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 5.375% | 23000 | &nbsp;&nbsp; 18174 |
| Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 9.625% | 174000 | &nbsp;&nbsp; 180808 |
| 08/15/2033 | &nbsp;&nbsp; 7.250% | 109000 | &nbsp;&nbsp; 112587 |
| iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 9.125% | 38456 | &nbsp;&nbsp; 34222 |
| 08/15/2030 | &nbsp;&nbsp; 7.750% | 86210 | &nbsp;&nbsp; 68983 |
| Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 8.000% | 190000 | &nbsp;&nbsp; 188809 |
| McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 7.375% | 155000 | &nbsp;&nbsp; 158237 |
| Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. |
| 11/15/2045 | &nbsp;&nbsp; 5.500% | 2237000 | &nbsp;&nbsp; 2208854 |
| 11/15/2055 | &nbsp;&nbsp; 5.625% | 3937000 | &nbsp;&nbsp; 3853635 |
| 11/15/2065 | &nbsp;&nbsp; 5.750% | 4333000 | &nbsp;&nbsp; 4218142 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  |
| 08/15/2027 | &nbsp;&nbsp; 5.000% | 192000 | &nbsp;&nbsp; 192028 |
| 03/15/2030 | &nbsp;&nbsp; 4.625% | 138000 | &nbsp;&nbsp; 135435 |
| 02/15/2031 | &nbsp;&nbsp; 7.375% | 176000 | &nbsp;&nbsp; 185022 |
| Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  |
| 05/01/2030 | &nbsp;&nbsp; 3.875% | 274000 | &nbsp;&nbsp; 260907 |
| Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  |
| 03/01/2033 | &nbsp;&nbsp; 6.875% | 312000 | &nbsp;&nbsp; 310811 |
| 03/15/2034 | &nbsp;&nbsp; 6.875% | 342000 | &nbsp;&nbsp; 341359 |
| Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 8.000% | 173000 | &nbsp;&nbsp; 177968 |
| 05/01/2029 | &nbsp;&nbsp; 4.500% | 97000 | &nbsp;&nbsp; 92133 |
| 06/30/2030 | &nbsp;&nbsp; 7.375% | 131000 | &nbsp;&nbsp; 131020 |
| WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. |
| 03/15/2032 | &nbsp;&nbsp; 4.279% | 200000 | &nbsp;&nbsp; 183756 |
| 03/15/2042 | &nbsp;&nbsp; 5.050% | 589000 | &nbsp;&nbsp; 413839 |
| 03/15/2052 | &nbsp;&nbsp; 5.141% | 85000 | &nbsp;&nbsp; 55815 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **14776912** |
| **Metals and Mining 0.0%** | **Metals and Mining 0.0%** | **Metals and Mining 0.0%** | **Metals and Mining 0.0%** |
| Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 7.125% | 84000 | &nbsp;&nbsp; 88797 |
| Carpenter Technology Corp.<sup>(a)</sup>  | Carpenter Technology Corp.<sup>(a)</sup>  | Carpenter Technology Corp.<sup>(a)</sup>  | Carpenter Technology Corp.<sup>(a)</sup>  |
| 03/01/2034 | &nbsp;&nbsp; 5.625% | 199000 | &nbsp;&nbsp; 202829 |
| Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  |
| 11/01/2029 | &nbsp;&nbsp; 6.875% | 74000 | &nbsp;&nbsp; 76203 |
| 03/15/2032 | &nbsp;&nbsp; 7.000% | 39000 | &nbsp;&nbsp; 39635 |
| 05/01/2033 | &nbsp;&nbsp; 7.375% | 41000 | &nbsp;&nbsp; 42076 |
| Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  |
| 07/01/2030 | &nbsp;&nbsp; 8.000% | 135000 | &nbsp;&nbsp; 142550 |
| Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 5.625% | 74000 | &nbsp;&nbsp; 73999 |
| 04/15/2029 | &nbsp;&nbsp; 3.750% | 206000 | &nbsp;&nbsp; 199604 |
| 08/15/2032 | &nbsp;&nbsp; 6.375% | 60000 | &nbsp;&nbsp; 62475 |
| Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 6.125% | 443000 | &nbsp;&nbsp; 446686 |
| Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 4.500% | 210000 | &nbsp;&nbsp; 202883 |
| 03/01/2034 | &nbsp;&nbsp; 5.875% | 408000 | &nbsp;&nbsp; 412689 |
| Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 4.750% | 399000 | &nbsp;&nbsp; 386672 |
| 08/15/2031 | &nbsp;&nbsp; 3.875% | 331000 | &nbsp;&nbsp; 303094 |
| 08/15/2033 | &nbsp;&nbsp; 6.375% | 203000 | &nbsp;&nbsp; 205085 |
| Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 6.875% | 72000 | &nbsp;&nbsp; 74324 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2959601** |
| **Midstream 0.2%** | **Midstream 0.2%** | **Midstream 0.2%** | **Midstream 0.2%** |
| AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.500% | 243000 | &nbsp;&nbsp; 260219 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 6.625% | 352000 | &nbsp;&nbsp; 365559 |
| CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 4.750% | 420000 | &nbsp;&nbsp; 409769 |
| Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 8.625% | 576000 | &nbsp;&nbsp; 601777 |
| 06/30/2033 | &nbsp;&nbsp; 7.375% | 521000 | &nbsp;&nbsp; 539126 |
| Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. |
| 04/05/2027 | &nbsp;&nbsp; 5.250% | 7412000 | &nbsp;&nbsp; 7511707 |
| ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.500% | 37000 | &nbsp;&nbsp; 35961 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| 03/01/2044 | &nbsp;&nbsp; 5.500% | 4080000 | &nbsp;&nbsp; 4009162 |
| NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP |
| 10/01/2030 | &nbsp;&nbsp; 6.375% | 150000 | &nbsp;&nbsp; 157927 |
| Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.750% | 123000 | &nbsp;&nbsp; 129479 |
| Sunoco LP<sup>(a),(g),(h)</sup>  | Sunoco LP<sup>(a),(g),(h)</sup>  | Sunoco LP<sup>(a),(g),(h)</sup>  | Sunoco LP<sup>(a),(g),(h)</sup>  |
|  | &nbsp;&nbsp; 7.875% | 227000 | &nbsp;&nbsp; 235305 |
| Sunoco LP<sup>(a),(e)</sup>  | Sunoco LP<sup>(a),(e)</sup>  | Sunoco LP<sup>(a),(e)</sup>  | Sunoco LP<sup>(a),(e)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 5.375% | 171000 | &nbsp;&nbsp; 171277 |
| Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  |
| 05/01/2032 | &nbsp;&nbsp; 7.250% | 82000 | &nbsp;&nbsp; 86613 |
| 07/01/2033 | &nbsp;&nbsp; 6.250% | 365000 | &nbsp;&nbsp; 375470 |
| Sunoco LP/Finance Corp. | Sunoco LP/Finance Corp. | Sunoco LP/Finance Corp. | Sunoco LP/Finance Corp. |
| 04/30/2030 | &nbsp;&nbsp; 4.500% | 178000 | &nbsp;&nbsp; 174243 |
| TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 8.500% | 436000 | &nbsp;&nbsp; 456107 |
| Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 3.875% | 107000 | &nbsp;&nbsp; 102517 |
| 08/15/2031 | &nbsp;&nbsp; 4.125% | 256000 | &nbsp;&nbsp; 240162 |
| 11/01/2033 | &nbsp;&nbsp; 3.875% | 203000 | &nbsp;&nbsp; 180703 |
| Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 8.125% | 355000 | &nbsp;&nbsp; 364291 |
| 02/01/2029 | &nbsp;&nbsp; 9.500% | 87000 | &nbsp;&nbsp; 93314 |
| 01/15/2030 | &nbsp;&nbsp; 7.000% | 355000 | &nbsp;&nbsp; 359670 |
| 06/01/2031 | &nbsp;&nbsp; 8.375% | 185000 | &nbsp;&nbsp; 189366 |
| 02/01/2032 | &nbsp;&nbsp; 9.875% | 157000 | &nbsp;&nbsp; 166373 |
| Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 6.125% | 98000 | &nbsp;&nbsp; 101786 |
| 05/01/2033 | &nbsp;&nbsp; 7.500% | 154000 | &nbsp;&nbsp; 170895 |
| 01/15/2034 | &nbsp;&nbsp; 6.500% | 247000 | &nbsp;&nbsp; 259947 |
| 06/15/2034 | &nbsp;&nbsp; 6.500% | 130000 | &nbsp;&nbsp; 136753 |
| 05/01/2035 | &nbsp;&nbsp; 7.750% | 154000 | &nbsp;&nbsp; 174762 |
| 01/15/2036 | &nbsp;&nbsp; 6.750% | 740000 | &nbsp;&nbsp; 789055 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| 04/01/2033 | &nbsp;&nbsp; 6.150% | 4559000 | &nbsp;&nbsp; 4874372 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **23723667** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Natural Gas 0.1%** | **Natural Gas 0.1%** | **Natural Gas 0.1%** | **Natural Gas 0.1%** |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| 05/01/2030 | &nbsp;&nbsp; 3.600% | 3855000 | &nbsp;&nbsp; 3782288 |
| Southern Co Gas Capital Corp. | Southern Co Gas Capital Corp. | Southern Co Gas Capital Corp. | Southern Co Gas Capital Corp. |
| 09/15/2028 | &nbsp;&nbsp; 4.050% | 3168000 | &nbsp;&nbsp; 3176740 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6959028** |
| **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** |
| Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  |
| 04/01/2028 | &nbsp;&nbsp; 6.250% | 313000 | &nbsp;&nbsp; 313333 |
| 09/01/2032 | &nbsp;&nbsp; 6.625% | 185000 | &nbsp;&nbsp; 192245 |
| Archrock Services LP /Partners Finance Corp.<sup>(a)</sup>  | Archrock Services LP /Partners Finance Corp.<sup>(a)</sup>  | Archrock Services LP /Partners Finance Corp.<sup>(a)</sup>  | Archrock Services LP /Partners Finance Corp.<sup>(a)</sup>  |
| 02/01/2034 | &nbsp;&nbsp; 6.000% | 104000 | &nbsp;&nbsp; 105204 |
| Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 7.250% | 304000 | &nbsp;&nbsp; 314999 |
| 10/01/2033 | &nbsp;&nbsp; 6.500% | 193000 | &nbsp;&nbsp; 199060 |
| 10/01/2035 | &nbsp;&nbsp; 6.750% | 114000 | &nbsp;&nbsp; 119068 |
| Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  |
| 01/31/2030 | &nbsp;&nbsp; 9.125% | 398000 | &nbsp;&nbsp; 418622 |
| 08/15/2031 | &nbsp;&nbsp; 8.875% | 93000 | &nbsp;&nbsp; 96320 |
| 11/15/2032 | &nbsp;&nbsp; 7.625% | 205000 | &nbsp;&nbsp; 210611 |
| Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  |
| 09/30/2028 | &nbsp;&nbsp; 8.000% | 161246 | &nbsp;&nbsp; 165333 |
| Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  |
| 02/01/2028 | &nbsp;&nbsp; 8.375% | 213715 | &nbsp;&nbsp; 218286 |
| Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 8.250% | 71000 | &nbsp;&nbsp; 73911 |
| 05/15/2031 | &nbsp;&nbsp; 8.500% | 118000 | &nbsp;&nbsp; 124804 |
| USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 7.125% | 246000 | &nbsp;&nbsp; 254237 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2806033** |
| **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** |
| Installed Building Products, Inc.<sup>(a)</sup>  | Installed Building Products, Inc.<sup>(a)</sup>  | Installed Building Products, Inc.<sup>(a)</sup>  | Installed Building Products, Inc.<sup>(a)</sup>  |
| 02/01/2034 | &nbsp;&nbsp; 5.625% | 79000 | &nbsp;&nbsp; 80144 |
| Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 6.625% | 77000 | &nbsp;&nbsp; 79520 |
| 04/15/2030 | &nbsp;&nbsp; 6.625% | 186000 | &nbsp;&nbsp; 192511 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **352175** |
| **Other REIT 0.0%** | **Other REIT 0.0%** | **Other REIT 0.0%** | **Other REIT 0.0%** |
| Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 7.000% | 154000 | &nbsp;&nbsp; 162248 |
| Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 5.875% | 257000 | &nbsp;&nbsp; 257003 |
| 05/15/2029 | &nbsp;&nbsp; 4.875% | 141000 | &nbsp;&nbsp; 138542 |
| RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  |
| 07/15/2028 | &nbsp;&nbsp; 7.250% | 121000 | &nbsp;&nbsp; 124308 |
| 06/15/2033 | &nbsp;&nbsp; 6.500% | 140000 | &nbsp;&nbsp; 145504 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| RHP Hotel Properties LP/Finance Corp.<sup>(a),(e)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a),(e)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a),(e)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a),(e)</sup>  |
| 03/15/2034 | &nbsp;&nbsp; 5.750% | 58000 | &nbsp;&nbsp; 58384 |
| Service Properties Trust | Service Properties Trust | Service Properties Trust | Service Properties Trust |
| 06/15/2029 | &nbsp;&nbsp; 8.375% | 90000 | &nbsp;&nbsp; 94775 |
| Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 8.625% | 163000 | &nbsp;&nbsp; 171480 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1152244** |
| **Packaging 0.0%** | **Packaging 0.0%** | **Packaging 0.0%** | **Packaging 0.0%** |
| Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 4.000% | 650000 | &nbsp;&nbsp; 619932 |
| Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.625% | 182000 | &nbsp;&nbsp; 183613 |
| 04/15/2030 | &nbsp;&nbsp; 8.750% | 422000 | &nbsp;&nbsp; 421484 |
| 04/15/2032 | &nbsp;&nbsp; 6.750% | 126000 | &nbsp;&nbsp; 126913 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1351942** |
| **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** |
| 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 10.000% | 586000 | &nbsp;&nbsp; 608758 |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 03/15/2029 | &nbsp;&nbsp; 4.800% | 25863000 | &nbsp;&nbsp; 26569478 |
| 11/21/2029 | &nbsp;&nbsp; 3.200% | 7780000 | &nbsp;&nbsp; 7598982 |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| 03/02/2033 | &nbsp;&nbsp; 5.250% | 5770000 | &nbsp;&nbsp; 6038699 |
| Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  |
| 01/31/2027 | &nbsp;&nbsp; 8.500% | 35000 | &nbsp;&nbsp; 34719 |
| 06/01/2028 | &nbsp;&nbsp; 4.875% | 16000 | &nbsp;&nbsp; 14864 |
| 09/30/2028 | &nbsp;&nbsp; 11.000% | 75000 | &nbsp;&nbsp; 78404 |
| 02/15/2029 | &nbsp;&nbsp; 6.250% | 54000 | &nbsp;&nbsp; 42974 |
| Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. |
| 03/01/2026 | &nbsp;&nbsp; 3.650% | 35606000 | &nbsp;&nbsp; 35604985 |
| Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 4.750% | 524000 | &nbsp;&nbsp; 516762 |
| Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. |
| 12/04/2035 | &nbsp;&nbsp; 4.750% | 2449000 | &nbsp;&nbsp; 2472723 |
| Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  |
| 04/30/2028 | &nbsp;&nbsp; 4.125% | 115000 | &nbsp;&nbsp; 112838 |
| 04/30/2031 | &nbsp;&nbsp; 5.125% | 83000 | &nbsp;&nbsp; 73612 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **79767798** |
| **Property & Casualty 0.1%** | **Property & Casualty 0.1%** | **Property & Casualty 0.1%** | **Property & Casualty 0.1%** |
| Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 8.250% | 125000 | &nbsp;&nbsp; 125256 |
| 08/01/2029 | &nbsp;&nbsp; 6.000% | 172000 | &nbsp;&nbsp; 160454 |
| 11/06/2030 | &nbsp;&nbsp; 7.500% | 190000 | &nbsp;&nbsp; 193385 |
| 07/01/2032 | &nbsp;&nbsp; 6.750% | 129000 | &nbsp;&nbsp; 126558 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  |
| 10/15/2027 | &nbsp;&nbsp; 6.750% | 184000 | &nbsp;&nbsp; 184109 |
| 04/15/2028 | &nbsp;&nbsp; 6.750% | 189000 | &nbsp;&nbsp; 191047 |
| 11/01/2029 | &nbsp;&nbsp; 5.875% | 197000 | &nbsp;&nbsp; 192507 |
| 01/15/2031 | &nbsp;&nbsp; 7.000% | 558000 | &nbsp;&nbsp; 566909 |
| 10/01/2031 | &nbsp;&nbsp; 6.500% | 101000 | &nbsp;&nbsp; 101712 |
| 10/01/2032 | &nbsp;&nbsp; 7.375% | 375000 | &nbsp;&nbsp; 371981 |
| AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 6.375% | 309000 | &nbsp;&nbsp; 314373 |
| Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 7.750% | 478000 | &nbsp;&nbsp; 489708 |
| Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.875% | 604000 | &nbsp;&nbsp; 597221 |
| Asurion LLC and Asurion Co-Issuer, Inc.<sup>(a)</sup>  | Asurion LLC and Asurion Co-Issuer, Inc.<sup>(a)</sup>  | Asurion LLC and Asurion Co-Issuer, Inc.<sup>(a)</sup>  | Asurion LLC and Asurion Co-Issuer, Inc.<sup>(a)</sup>  |
| 02/01/2034 | &nbsp;&nbsp; 8.375% | 143000 | &nbsp;&nbsp; 142154 |
| BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 5.875% | 433000 | &nbsp;&nbsp; 419474 |
| Howden UK Refinance PLC/2 PLC/US Refinance LLC<sup>(a)</sup>  | Howden UK Refinance PLC/2 PLC/US Refinance LLC<sup>(a)</sup>  | Howden UK Refinance PLC/2 PLC/US Refinance LLC<sup>(a)</sup>  | Howden UK Refinance PLC/2 PLC/US Refinance LLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.125% | 465000 | &nbsp;&nbsp; 445309 |
| HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  |
| 12/01/2029 | &nbsp;&nbsp; 5.625% | 269000 | &nbsp;&nbsp; 264873 |
| 01/31/2032 | &nbsp;&nbsp; 7.375% | 377000 | &nbsp;&nbsp; 384623 |
| HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 7.250% | 297000 | &nbsp;&nbsp; 306299 |
| Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.125% | 361000 | &nbsp;&nbsp; 367193 |
| Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 5.875% | 179000 | &nbsp;&nbsp; 180563 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6125708** |
| **Railroads 0.1%** | **Railroads 0.1%** | **Railroads 0.1%** | **Railroads 0.1%** |
| Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 367000 | &nbsp;&nbsp; 378354 |
| Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. |
| 06/15/2026 | &nbsp;&nbsp; 2.900% | 5434000 | &nbsp;&nbsp; 5417366 |
| Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.125% | 544000 | &nbsp;&nbsp; 572169 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6367889** |
| **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** |
| 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 5.625% | 189000 | &nbsp;&nbsp; 192346 |
| 10/15/2030 | &nbsp;&nbsp; 4.000% | 272000 | &nbsp;&nbsp; 261488 |
| Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 6.750% | 404000 | &nbsp;&nbsp; 381135 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **834969** |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** |
| Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 7.000% | 116000 | &nbsp;&nbsp; 118931 |
| 08/01/2033 | &nbsp;&nbsp; 7.375% | 118000 | &nbsp;&nbsp; 120914 |
| Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 4.625% | 211000 | &nbsp;&nbsp; 207869 |
| Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(f)</sup>  |
| 07/15/2033 | &nbsp;&nbsp; 10.000% | 457457 | &nbsp;&nbsp; 505504 |
| Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 5.750% | 91000 | &nbsp;&nbsp; 93050 |
| Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 6.375% | 183000 | &nbsp;&nbsp; 187553 |
| LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  |
| 08/01/2031 | &nbsp;&nbsp; 8.250% | 358000 | &nbsp;&nbsp; 377020 |
| Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 4.375% | 120000 | &nbsp;&nbsp; 115079 |
| Lowe's Companies, Inc. | Lowe's Companies, Inc. | Lowe's Companies, Inc. | Lowe's Companies, Inc. |
| 04/01/2052 | &nbsp;&nbsp; 4.250% | 2367000 | &nbsp;&nbsp; 1893320 |
| 04/01/2062 | &nbsp;&nbsp; 4.450% | 3544000 | &nbsp;&nbsp; 2808309 |
| Walmart, Inc. | Walmart, Inc. | Walmart, Inc. | Walmart, Inc. |
| 04/28/2035 | &nbsp;&nbsp; 4.900% | 3939000 | &nbsp;&nbsp; 4086122 |
| Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 4.000% | 342000 | &nbsp;&nbsp; 322756 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **10836427** |
| **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** |
| Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies LLC/Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 3.500% | 138000 | &nbsp;&nbsp; 133138 |
| Albertsons Cos, Inc.<sup>(a)</sup>  | Albertsons Cos, Inc.<sup>(a)</sup>  | Albertsons Cos, Inc.<sup>(a)</sup>  | Albertsons Cos, Inc.<sup>(a)</sup>  |
| 03/31/2032 | &nbsp;&nbsp; 5.625% | 257000 | &nbsp;&nbsp; 257986 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **391124** |
| **Technology 0.6%** | **Technology 0.6%** | **Technology 0.6%** | **Technology 0.6%** |
| Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.250% | 371000 | &nbsp;&nbsp; 388651 |
| APLD ComputeCo LLC<sup>(a)</sup>  | APLD ComputeCo LLC<sup>(a)</sup>  | APLD ComputeCo LLC<sup>(a)</sup>  | APLD ComputeCo LLC<sup>(a)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 9.250% | 574000 | &nbsp;&nbsp; 602567 |
| Black Pearl Compute LLC<sup>(a)</sup>  | Black Pearl Compute LLC<sup>(a)</sup>  | Black Pearl Compute LLC<sup>(a)</sup>  | Black Pearl Compute LLC<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 6.125% | 300000 | &nbsp;&nbsp; 307190 |
| Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 5.625% | 189000 | &nbsp;&nbsp; 191466 |
| 08/15/2033 | &nbsp;&nbsp; 6.000% | 148000 | &nbsp;&nbsp; 150327 |
| Block, Inc. | Block, Inc. | Block, Inc. | Block, Inc. |
| 05/15/2032 | &nbsp;&nbsp; 6.500% | 424000 | &nbsp;&nbsp; 436148 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| 04/15/2028 | &nbsp;&nbsp; 4.800% | 5058000 | &nbsp;&nbsp; 5159876 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  |
| 11/15/2036 | &nbsp;&nbsp; 3.187% | 11197000 | &nbsp;&nbsp; 9655141 |
| CACI International, Inc.<sup>(a),(e)</sup>  | CACI International, Inc.<sup>(a),(e)</sup>  | CACI International, Inc.<sup>(a),(e)</sup>  | CACI International, Inc.<sup>(a),(e)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 6.375% | 387000 | &nbsp;&nbsp; 399009 |
| Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 8.000% | 77000 | &nbsp;&nbsp; 49297 |
| Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 7.250% | 81000 | &nbsp;&nbsp; 51189 |
| Cipher Compute LLC<sup>(a)</sup>  | Cipher Compute LLC<sup>(a)</sup>  | Cipher Compute LLC<sup>(a)</sup>  | Cipher Compute LLC<sup>(a)</sup>  |
| 11/15/2030 | &nbsp;&nbsp; 7.125% | 331000 | &nbsp;&nbsp; 345199 |
| Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.875% | 629000 | &nbsp;&nbsp; 516838 |
| Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  |
| 09/30/2029 | &nbsp;&nbsp; 9.000% | 824000 | &nbsp;&nbsp; 802989 |
| 06/30/2032 | &nbsp;&nbsp; 8.250% | 238000 | &nbsp;&nbsp; 238209 |
| Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.375% | 841000 | &nbsp;&nbsp; 688037 |
| CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.250% | 175000 | &nbsp;&nbsp; 171383 |
| 02/01/2031 | &nbsp;&nbsp; 9.000% | 220000 | &nbsp;&nbsp; 212755 |
| Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 5.950% | 487000 | &nbsp;&nbsp; 496786 |
| Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  |
| 05/15/2033 | &nbsp;&nbsp; 6.000% | 138000 | &nbsp;&nbsp; 139480 |
| Flash Compute LLC<sup>(a)</sup>  | Flash Compute LLC<sup>(a)</sup>  | Flash Compute LLC<sup>(a)</sup>  | Flash Compute LLC<sup>(a)</sup>  |
| 12/31/2030 | &nbsp;&nbsp; 7.250% | 186000 | &nbsp;&nbsp; 190524 |
| HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 4.500% | 276000 | &nbsp;&nbsp; 268669 |
| Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
| 03/25/2050 | &nbsp;&nbsp; 4.750% | 4225000 | &nbsp;&nbsp; 3516960 |
| International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. |
| 05/15/2026 | &nbsp;&nbsp; 3.300% | 10360000 | &nbsp;&nbsp; 10341824 |
| ION Platform Finance US Inc./SARL<sup>(a)</sup>  | ION Platform Finance US Inc./SARL<sup>(a)</sup>  | ION Platform Finance US Inc./SARL<sup>(a)</sup>  | ION Platform Finance US Inc./SARL<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 5.750% | 346000 | &nbsp;&nbsp; 323500 |
| 05/01/2029 | &nbsp;&nbsp; 8.750% | 224000 | &nbsp;&nbsp; 208252 |
| 05/30/2029 | &nbsp;&nbsp; 9.500% | 380000 | &nbsp;&nbsp; 356860 |
| ION Platform Finance US, Inc.<sup>(a)</sup>  | ION Platform Finance US, Inc.<sup>(a)</sup>  | ION Platform Finance US, Inc.<sup>(a)</sup>  | ION Platform Finance US, Inc.<sup>(a)</sup>  |
| 09/30/2032 | &nbsp;&nbsp; 7.875% | 388000 | &nbsp;&nbsp; 311911 |
| Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 4.875% | 91000 | &nbsp;&nbsp; 90957 |
| 07/15/2028 | &nbsp;&nbsp; 5.000% | 183000 | &nbsp;&nbsp; 182572 |
| 02/15/2029 | &nbsp;&nbsp; 7.000% | 87000 | &nbsp;&nbsp; 89299 |
| 01/15/2033 | &nbsp;&nbsp; 6.250% | 96000 | &nbsp;&nbsp; 98015 |
| Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 6.500% | 519000 | &nbsp;&nbsp; 487969 |
| NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 9.500% | 523000 | &nbsp;&nbsp; 561071 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 5.000% | 456000 | &nbsp;&nbsp; 448445 |
| 04/15/2029 | &nbsp;&nbsp; 5.125% | 176000 | &nbsp;&nbsp; 172529 |
| Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 9.290% | 442000 | &nbsp;&nbsp; 443341 |
| 05/15/2031 | &nbsp;&nbsp; 10.375% | 97000 | &nbsp;&nbsp; 97920 |
| 02/15/2033 | &nbsp;&nbsp; 9.500% | 109000 | &nbsp;&nbsp; 106817 |
| NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. |
| 05/01/2030 | &nbsp;&nbsp; 3.400% | 3586000 | &nbsp;&nbsp; 3474581 |
| 05/11/2031 | &nbsp;&nbsp; 2.500% | 4968000 | &nbsp;&nbsp; 4548966 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| 09/26/2065 | &nbsp;&nbsp; 6.100% | 12286000 | &nbsp;&nbsp; 10640413 |
| Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  |
| 03/31/2029 | &nbsp;&nbsp; 6.500% | 515000 | &nbsp;&nbsp; 504983 |
| Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  |
| 11/01/2033 | &nbsp;&nbsp; 5.875% | 256000 | &nbsp;&nbsp; 253856 |
| Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 8.500% | 76000 | &nbsp;&nbsp; 79946 |
| Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  |
| 09/01/2030 | &nbsp;&nbsp; 5.875% | 263000 | &nbsp;&nbsp; 265666 |
| Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.750% | 516000 | &nbsp;&nbsp; 505127 |
| SV RNO Property Owner 1 LLC<sup>(a)</sup>  | SV RNO Property Owner 1 LLC<sup>(a)</sup>  | SV RNO Property Owner 1 LLC<sup>(a)</sup>  | SV RNO Property Owner 1 LLC<sup>(a)</sup>  |
| 03/01/2031 | &nbsp;&nbsp; 5.875% | 739000 | &nbsp;&nbsp; 742193 |
| Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.000% | 101000 | &nbsp;&nbsp; 97490 |
| UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  |
| 02/01/2031 | &nbsp;&nbsp; 6.875% | 339000 | &nbsp;&nbsp; 328963 |
| WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.500% | 325000 | &nbsp;&nbsp; 326185 |
| WULF Compute LLC<sup>(a)</sup>  | WULF Compute LLC<sup>(a)</sup>  | WULF Compute LLC<sup>(a)</sup>  | WULF Compute LLC<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 7.750% | 160000 | &nbsp;&nbsp; 169408 |
| ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 3.875% | 477000 | &nbsp;&nbsp; 411503 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **61649252** |
| **Transportation Services 0.1%** | **Transportation Services 0.1%** | **Transportation Services 0.1%** | **Transportation Services 0.1%** |
| Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 8.250% | 133000 | &nbsp;&nbsp; 134493 |
| 02/15/2031 | &nbsp;&nbsp; 8.000% | 215000 | &nbsp;&nbsp; 213168 |
| 06/15/2032 | &nbsp;&nbsp; 8.375% | 187000 | &nbsp;&nbsp; 183934 |
| ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  |
| 10/15/2037 | &nbsp;&nbsp; 7.000% | 5050000 | &nbsp;&nbsp; 5946079 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6477674** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Wireless 0.0%** | **Wireless 0.0%** | **Wireless 0.0%** | **Wireless 0.0%** |
| Altice France<sup>(a)</sup>  | Altice France<sup>(a)</sup>  | Altice France<sup>(a)</sup>  | Altice France<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 6.875% | 329268 | &nbsp;&nbsp; 319312 |
| 03/15/2032 | &nbsp;&nbsp; 6.500% | 153201 | &nbsp;&nbsp; 146499 |
| Altice France Lux 3/Holdings 1<sup>(a)</sup>  | Altice France Lux 3/Holdings 1<sup>(a)</sup>  | Altice France Lux 3/Holdings 1<sup>(a)</sup>  | Altice France Lux 3/Holdings 1<sup>(a)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 10.000% | 41200 | &nbsp;&nbsp; 38766 |
| Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 4.750% | 386000 | &nbsp;&nbsp; 343247 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **847824** |
| **Wirelines 0.0%** | **Wirelines 0.0%** | **Wirelines 0.0%** | **Wirelines 0.0%** |
| Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  |
| 07/18/2036 | &nbsp;&nbsp; 7.200% | 78000 | &nbsp;&nbsp; 79375 |
| Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 7.000% | 339000 | &nbsp;&nbsp; 342883 |
| Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 7.000% | 196000 | &nbsp;&nbsp; 201498 |
| Level 3 Financing, Inc.<sup>(a)</sup>  | Level 3 Financing, Inc.<sup>(a)</sup>  | Level 3 Financing, Inc.<sup>(a)</sup>  | Level 3 Financing, Inc.<sup>(a)</sup>  |
| 01/15/2036 | &nbsp;&nbsp; 8.500% | 246000 | &nbsp;&nbsp; 256097 |
| Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  |
| 06/04/2038 | &nbsp;&nbsp; 7.721% | 52000 | &nbsp;&nbsp; 53418 |
| Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  | Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  | Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  | Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  |
| 06/15/2032 | &nbsp;&nbsp; 8.625% | 107000 | &nbsp;&nbsp; 108442 |
| Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 8.250% | 247000 | &nbsp;&nbsp; 259749 |
| Windstream Services LLC<sup>(a)</sup>  | Windstream Services LLC<sup>(a)</sup>  | Windstream Services LLC<sup>(a)</sup>  | Windstream Services LLC<sup>(a)</sup>  |
| 10/15/2033 | &nbsp;&nbsp; 7.500% | 167000 | &nbsp;&nbsp; 173740 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1475202** |
| Total Corporate Bonds & Notes <br>(Cost $812,320,953) | Total Corporate Bonds & Notes <br>(Cost $812,320,953) | Total Corporate Bonds & Notes <br>(Cost $812,320,953) | &nbsp;&nbsp; **831329139** |

---

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

---

| | | |
|:---|:---|:---|
| **Exchange-Traded Equity Funds 2.9%** | **Exchange-Traded Equity Funds 2.9%** | **Exchange-Traded Equity Funds 2.9%** |
|  | **Shares** | **Value ($)** |
| **U.S. Mid Large Cap 2.9%** | **U.S. Mid Large Cap 2.9%** | **U.S. Mid Large Cap 2.9%** |
| iShares Core MSCI EAFE ETF | &nbsp;&nbsp; 2993653 | &nbsp;&nbsp; 294335963 |
| Total Exchange-Traded Equity Funds <br>(Cost $224,351,978) | Total Exchange-Traded Equity Funds <br>(Cost $224,351,978) | &nbsp;&nbsp; **294335963** |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

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

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(i)</sup> **0.0%** | **Foreign Government Obligations**<sup>(i)</sup> **0.0%** | **Foreign Government Obligations**<sup>(i)</sup> **0.0%** | **Foreign Government Obligations**<sup>(i)</sup> **0.0%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Canada 0.0%** | **Canada 0.0%** | **Canada 0.0%** | **Canada 0.0%** |
| NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 9.000% | 477000 | &nbsp;&nbsp; 507319 |
| 12/01/2031 | &nbsp;&nbsp; 7.000% | 87000 | &nbsp;&nbsp; 92873 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **600192** |
| Total Foreign Government Obligations <br>(Cost $564,143) | Total Foreign Government Obligations <br>(Cost $564,143) | Total Foreign Government Obligations <br>(Cost $564,143) | &nbsp;&nbsp; **600192** |
| **Residential Mortgage-Backed Securities - Agency 13.5%** | **Residential Mortgage-Backed Securities - Agency 13.5%** | **Residential Mortgage-Backed Securities - Agency 13.5%** | **Residential Mortgage-Backed Securities - Agency 13.5%** |
| Fannie Mae REMICS<sup>(b),(j)</sup>  | Fannie Mae REMICS<sup>(b),(j)</sup>  | Fannie Mae REMICS<sup>(b),(j)</sup>  | Fannie Mae REMICS<sup>(b),(j)</sup>  |
| CMO Series 2024-6 Class AS | CMO Series 2024-6 Class AS | CMO Series 2024-6 Class AS | CMO Series 2024-6 Class AS |
| 30-day Average SOFR + 5.936% <br>Cap 6.050% <br>09/25/2049<br>| &nbsp;&nbsp; 2.268% | 31859129 | &nbsp;&nbsp; 3423550 |
| CMO Series 2025-87 Class SA | CMO Series 2025-87 Class SA | CMO Series 2025-87 Class SA | CMO Series 2025-87 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.900% <br>Cap 5.900% <br>10/25/2055<br>| &nbsp;&nbsp; 2.233% | 48020828 | &nbsp;&nbsp; 4405954 |
| Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  |
| CMO Series 2024-87 Class FA | CMO Series 2024-87 Class FA | CMO Series 2024-87 Class FA | CMO Series 2024-87 Class FA |
| 30-day Average SOFR + 1.400% <br>Floor 1.400%, Cap 6.500% <br>12/25/2054<br>| &nbsp;&nbsp; 5.067% | 13345272 | &nbsp;&nbsp; 13506499 |
| CMO Series 2025-10 Class FB | CMO Series 2025-10 Class FB | CMO Series 2025-10 Class FB | CMO Series 2025-10 Class FB |
| 30-day Average SOFR + 0.850% <br>Floor 0.850%, Cap 6.000% <br>02/25/2055<br>| &nbsp;&nbsp; 4.517% | 13490836 | &nbsp;&nbsp; 13473375 |
| CMO Series 2025-15 Class ME | CMO Series 2025-15 Class ME | CMO Series 2025-15 Class ME | CMO Series 2025-15 Class ME |
| 30-day Average SOFR + 3.300% <br>Floor 3.300%, Cap 7.800% <br>04/25/2055<br>| &nbsp;&nbsp; 6.967% | 16564025 | &nbsp;&nbsp; 16725560 |
| CMO Series 2025-4 Class FA | CMO Series 2025-4 Class FA | CMO Series 2025-4 Class FA | CMO Series 2025-4 Class FA |
| 30-day Average SOFR + 1.200% <br>Floor 1.200%, Cap 7.000% <br>07/25/2054<br>| &nbsp;&nbsp; 4.867% | 16069653 | &nbsp;&nbsp; 16186362 |
| CMO Series 2025-6 Class LF | CMO Series 2025-6 Class LF | CMO Series 2025-6 Class LF | CMO Series 2025-6 Class LF |
| 30-day Average SOFR + 1.800% <br>Floor 1.800%, Cap 6.000% <br>02/25/2055<br>| &nbsp;&nbsp; 5.467% | 30098333 | &nbsp;&nbsp; 30519713 |
| CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH | CMO Series 2025-86 Class FH |
| 30-day Average SOFR + 0.850% <br>Floor 0.850%, Cap 6.000% <br>09/25/2055<br>| &nbsp;&nbsp; 4.517% | 35322637 | &nbsp;&nbsp; 35264164 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 07/01/2029- <br>07/01/2052<br>| &nbsp;&nbsp; 3.500% | 23947870 | &nbsp;&nbsp; 22640746 |
| 10/01/2031- <br>10/01/2039<br>| &nbsp;&nbsp; 6.000% | 167364 | &nbsp;&nbsp; 175812 |
| 06/01/2032- <br>07/01/2032<br>| &nbsp;&nbsp; 7.000% | 48048 | &nbsp;&nbsp; 50390 |
| 12/01/2036- <br>10/01/2055<br>| &nbsp;&nbsp; 5.500% | 44383927 | &nbsp;&nbsp; 45443114 |
| 03/01/2038 | &nbsp;&nbsp; 6.500% | 301 | &nbsp;&nbsp; 318 |
| 12/01/2051- <br>06/01/2052<br>| &nbsp;&nbsp; 2.500% | 76941467 | &nbsp;&nbsp; 67074807 |
| 07/01/2052- <br>01/01/2055<br>| &nbsp;&nbsp; 4.500% | 65485446 | &nbsp;&nbsp; 65143458 |
| 01/01/2054 | &nbsp;&nbsp; 4.000% | 56692259 | &nbsp;&nbsp; 55189210 |
| 12/01/2054 | &nbsp;&nbsp; 5.000% | 18143701 | &nbsp;&nbsp; 18436943 |
| Federal Home Loan Mortgage Corp.<sup>(b)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b)</sup>  |
| 12-month Term SOFR + 1.708% <br>Cap 11.277% <br>08/01/2036<br>| &nbsp;&nbsp; 6.407% | 3068 | &nbsp;&nbsp; 3190 |
| Federal Home Loan Mortgage Corp.<sup>(k)</sup>  | Federal Home Loan Mortgage Corp.<sup>(k)</sup>  | Federal Home Loan Mortgage Corp.<sup>(k)</sup>  | Federal Home Loan Mortgage Corp.<sup>(k)</sup>  |
| 11/01/2052 | &nbsp;&nbsp; 4.000% | 77737282 | &nbsp;&nbsp; 76236465 |
| Federal Home Loan Mortgage Corp.<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(j)</sup>  |
| CMO Series 326 Class S2 | CMO Series 326 Class S2 | CMO Series 326 Class S2 | CMO Series 326 Class S2 |
| -1.0 x 30-day Average SOFR + <br> 5.836% <br>Cap 5.950% <br>03/15/2044<br>| &nbsp;&nbsp; 2.177% | 22595539 | &nbsp;&nbsp; 2513678 |
| Federal Home Loan Mortgage Corp. REMICS<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(j)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(b),(j)</sup>  |
| CMO Series 4906 Class QS | CMO Series 4906 Class QS | CMO Series 4906 Class QS | CMO Series 4906 Class QS |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>09/25/2049<br>| &nbsp;&nbsp; 2.268% | 18198648 | &nbsp;&nbsp; 2267854 |
| CMO Series 5228 Class SA | CMO Series 5228 Class SA | CMO Series 5228 Class SA | CMO Series 5228 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 9,999.000% <br>01/25/2047<br>| &nbsp;&nbsp; 2.185% | 19664843 | &nbsp;&nbsp; 2454227 |
| CMO Series 5440 Class SM | CMO Series 5440 Class SM | CMO Series 5440 Class SM | CMO Series 5440 Class SM |
| -1.0 x 30-day Average SOFR + <br> 5.900% <br>Cap 5.900% <br>07/25/2054<br>| &nbsp;&nbsp; 2.233% | 41066429 | &nbsp;&nbsp; 3696894 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 08/01/2026- <br>04/01/2052<br>| &nbsp;&nbsp; 3.500% | 6933534 | &nbsp;&nbsp; 6544232 |
| 07/01/2027- <br>04/01/2052<br>| &nbsp;&nbsp; 3.000% | 23931336 | &nbsp;&nbsp; 21684909 |
| 01/01/2029- <br>08/01/2044<br>| &nbsp;&nbsp; 4.000% | 263833 | &nbsp;&nbsp; 262145 |
| 06/01/2031 | &nbsp;&nbsp; 7.000% | 22358 | &nbsp;&nbsp; 23425 |
| 07/01/2032- <br>03/01/2037<br>| &nbsp;&nbsp; 6.500% | 71232 | &nbsp;&nbsp; 73944 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 06/01/2037- <br>03/01/2054<br>| &nbsp;&nbsp; 5.500% | 36257713 | &nbsp;&nbsp; 36889992 |
| 11/01/2043- <br>12/01/2054<br>| &nbsp;&nbsp; 4.500% | 32053600 | &nbsp;&nbsp; 31847375 |
| 08/01/2051 | &nbsp;&nbsp; 2.500% | 33893263 | &nbsp;&nbsp; 29729168 |
| 02/01/2052- <br>03/01/2052<br>| &nbsp;&nbsp; 2.000% | 59291457 | &nbsp;&nbsp; 49820112 |
| 08/01/2053- <br>12/01/2054<br>| &nbsp;&nbsp; 5.000% | 118321071 | &nbsp;&nbsp; 119873830 |
| 03/01/2054- <br>09/01/2054<br>| &nbsp;&nbsp; 6.000% | 70365327 | &nbsp;&nbsp; 72401750 |
| Federal National Mortgage Association<sup>(k)</sup>  | Federal National Mortgage Association<sup>(k)</sup>  | Federal National Mortgage Association<sup>(k)</sup>  | Federal National Mortgage Association<sup>(k)</sup>  |
| 08/01/2029- <br>03/01/2046<br>| &nbsp;&nbsp; 3.500% | 2070561 | &nbsp;&nbsp; 2005786 |
| 01/01/2031- <br>02/01/2031<br>| &nbsp;&nbsp; 3.000% | 407709 | &nbsp;&nbsp; 401556 |
| 10/01/2043 | &nbsp;&nbsp; 4.500% | 175992 | &nbsp;&nbsp; 177836 |
| Federal National Mortgage Association REMICS<sup>(b),(j)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(j)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(j)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(j)</sup>  |
| CMO Series 2017-76 Class SB | CMO Series 2017-76 Class SB | CMO Series 2017-76 Class SB | CMO Series 2017-76 Class SB |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>10/25/2057<br>| &nbsp;&nbsp; 2.318% | 17801852 | &nbsp;&nbsp; 2466367 |
| CMO Series 2023-50 Class S | CMO Series 2023-50 Class S | CMO Series 2023-50 Class S | CMO Series 2023-50 Class S |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>07/25/2049<br>| &nbsp;&nbsp; 2.218% | 20515791 | &nbsp;&nbsp; 2076908 |
| CMO Series 2024-74 Class SW | CMO Series 2024-74 Class SW | CMO Series 2024-74 Class SW | CMO Series 2024-74 Class SW |
| -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>09/25/2054<br>| &nbsp;&nbsp; 2.333% | 30460656 | &nbsp;&nbsp; 2516050 |
| Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  |
| CMO Series 5462 Class FA | CMO Series 5462 Class FA | CMO Series 5462 Class FA | CMO Series 5462 Class FA |
| 30-day Average SOFR + 1.100% <br>Floor 1.100%, Cap 6.500% <br>10/25/2054<br>| &nbsp;&nbsp; 4.767% | 23993660 | &nbsp;&nbsp; 24143136 |
| CMO Series 5500 Class FQ | CMO Series 5500 Class FQ | CMO Series 5500 Class FQ | CMO Series 5500 Class FQ |
| 30-day Average SOFR + 1.430% <br>Floor 1.430%, Cap 6.500% <br>10/25/2054<br>| &nbsp;&nbsp; 5.097% | 16953873 | &nbsp;&nbsp; 17156273 |
| CMO Series 5513 Class MQ | CMO Series 5513 Class MQ | CMO Series 5513 Class MQ | CMO Series 5513 Class MQ |
| 30-day Average SOFR + 3.950% <br>Cap 8.250% <br>06/25/2054<br>| &nbsp;&nbsp; 7.617% | 16595943 | &nbsp;&nbsp; 16902160 |
| CMO Series 5513 Class MU | CMO Series 5513 Class MU | CMO Series 5513 Class MU | CMO Series 5513 Class MU |
| 30-day Average SOFR + 3.950% <br>Cap 8.250% <br>11/25/2054<br>| &nbsp;&nbsp; 7.617% | 38010317 | &nbsp;&nbsp; 38913176 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 5518 Class FC | CMO Series 5518 Class FC | CMO Series 5518 Class FC | CMO Series 5518 Class FC |
| 30-day Average SOFR + 1.320% <br>Floor 1.320%, Cap 6.500% <br>03/25/2055<br>| &nbsp;&nbsp; 4.987% | 16864382 | &nbsp;&nbsp; 17054091 |
| CMO Series 5532 Class MB | CMO Series 5532 Class MB | CMO Series 5532 Class MB | CMO Series 5532 Class MB |
| 30-day Average SOFR + 3.950% <br>Cap 8.250% <br>04/25/2055<br>| &nbsp;&nbsp; 7.617% | 7330342 | &nbsp;&nbsp; 7457197 |
| CMO Series 5560 Class MB | CMO Series 5560 Class MB | CMO Series 5560 Class MB | CMO Series 5560 Class MB |
| 30-day Average SOFR + 4.600% <br>Cap 8.700% <br>06/25/2055<br>| &nbsp;&nbsp; 8.267% | 15293466 | &nbsp;&nbsp; 15637670 |
| Freddie Mac REMICS<sup>(b),(j)</sup>  | Freddie Mac REMICS<sup>(b),(j)</sup>  | Freddie Mac REMICS<sup>(b),(j)</sup>  | Freddie Mac REMICS<sup>(b),(j)</sup>  |
| CMO Series 5573 Class SA | CMO Series 5573 Class SA | CMO Series 5573 Class SA | CMO Series 5573 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.150% <br>Cap 5.150% <br>09/25/2055<br>| &nbsp;&nbsp; 1.483% | 29486826 | &nbsp;&nbsp; 1704339 |
| Government National Mortgage Association<sup>(b),(j)</sup>  | Government National Mortgage Association<sup>(b),(j)</sup>  | Government National Mortgage Association<sup>(b),(j)</sup>  | Government National Mortgage Association<sup>(b),(j)</sup>  |
| CMO Series 2019-22 Class SM | CMO Series 2019-22 Class SM | CMO Series 2019-22 Class SM | CMO Series 2019-22 Class SM |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>02/20/2049<br>| &nbsp;&nbsp; 2.268% | 20168498 | &nbsp;&nbsp; 2542554 |
| CMO Series 2020-101 Class SK | CMO Series 2020-101 Class SK | CMO Series 2020-101 Class SK | CMO Series 2020-101 Class SK |
| -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>07/20/2050<br>| &nbsp;&nbsp; 2.418% | 9752875 | &nbsp;&nbsp; 1293966 |
| CMO Series 2020-77 Class KS | CMO Series 2020-77 Class KS | CMO Series 2020-77 Class KS | CMO Series 2020-77 Class KS |
| -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>05/20/2049<br>| &nbsp;&nbsp; 2.318% | 19765169 | &nbsp;&nbsp; 2753079 |
| CMO Series 2021-154 Class SD | CMO Series 2021-154 Class SD | CMO Series 2021-154 Class SD | CMO Series 2021-154 Class SD |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>09/20/2051<br>| &nbsp;&nbsp; 2.518% | 36547034 | &nbsp;&nbsp; 5267184 |
| CMO Series 2021-55 Class SC | CMO Series 2021-55 Class SC | CMO Series 2021-55 Class SC | CMO Series 2021-55 Class SC |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>03/20/2051<br>| &nbsp;&nbsp; 2.518% | 15758740 | &nbsp;&nbsp; 2235716 |
| CMO Series 2021-58 Class SN | CMO Series 2021-58 Class SN | CMO Series 2021-58 Class SN | CMO Series 2021-58 Class SN |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>04/20/2051<br>| &nbsp;&nbsp; 2.518% | 15378875 | &nbsp;&nbsp; 1937222 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2021-66 Class AS | CMO Series 2021-66 Class AS | CMO Series 2021-66 Class AS | CMO Series 2021-66 Class AS |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>04/20/2051<br>| &nbsp;&nbsp; 2.518% | 29134836 | &nbsp;&nbsp; 4147819 |
| CMO Series 2021-74 Class SA | CMO Series 2021-74 Class SA | CMO Series 2021-74 Class SA | CMO Series 2021-74 Class SA |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>04/20/2051<br>| &nbsp;&nbsp; 2.518% | 18236643 | &nbsp;&nbsp; 2596550 |
| CMO Series 2021-98 Class KS | CMO Series 2021-98 Class KS | CMO Series 2021-98 Class KS | CMO Series 2021-98 Class KS |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>06/20/2051<br>| &nbsp;&nbsp; 2.518% | 14513067 | &nbsp;&nbsp; 2225069 |
| CMO Series 2024-126 Class SG | CMO Series 2024-126 Class SG | CMO Series 2024-126 Class SG | CMO Series 2024-126 Class SG |
| 30-day Average SOFR + 6.650% <br>Cap 6.650% <br>08/20/2054<br>| &nbsp;&nbsp; 2.989% | 44202514 | &nbsp;&nbsp; 5283942 |
| CMO Series 2024-159 Class CS | CMO Series 2024-159 Class CS | CMO Series 2024-159 Class CS | CMO Series 2024-159 Class CS |
| 30-day Average SOFR + 5.500% <br>Cap 5.500% <br>10/20/2054<br>| &nbsp;&nbsp; 1.839% | 94219010 | &nbsp;&nbsp; 7059821 |
| CMO Series 2024-184 Class SX | CMO Series 2024-184 Class SX | CMO Series 2024-184 Class SX | CMO Series 2024-184 Class SX |
| 30-day Average SOFR + 5.250% <br>Cap 5.250% <br>11/20/2054<br>| &nbsp;&nbsp; 1.589% | 56297103 | &nbsp;&nbsp; 3565785 |
| CMO Series 2024-196 Class SK | CMO Series 2024-196 Class SK | CMO Series 2024-196 Class SK | CMO Series 2024-196 Class SK |
| -1.0 x 30-day Average SOFR + <br> 6.100% <br>Cap 6.100% <br>12/20/2054<br>| &nbsp;&nbsp; 2.439% | 17969897 | &nbsp;&nbsp; 1823114 |
| CMO Series 2024-197 Class LS | CMO Series 2024-197 Class LS | CMO Series 2024-197 Class LS | CMO Series 2024-197 Class LS |
| -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>12/20/2054<br>| &nbsp;&nbsp; 2.339% | 50797156 | &nbsp;&nbsp; 4629704 |
| CMO Series 2024-197 Class SH | CMO Series 2024-197 Class SH | CMO Series 2024-197 Class SH | CMO Series 2024-197 Class SH |
| -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>12/20/2054<br>| &nbsp;&nbsp; 2.339% | 59404659 | &nbsp;&nbsp; 5073158 |
| CMO Series 2024-197 Class SV | CMO Series 2024-197 Class SV | CMO Series 2024-197 Class SV | CMO Series 2024-197 Class SV |
| -1.0 x 30-day Average SOFR + <br> 6.050% <br>Cap 6.050% <br>12/20/2054<br>| &nbsp;&nbsp; 2.389% | 61348209 | &nbsp;&nbsp; 6288425 |
| CMO Series 2024-204 Class ES | CMO Series 2024-204 Class ES | CMO Series 2024-204 Class ES | CMO Series 2024-204 Class ES |
| -1.0 x 30-day Average SOFR + <br> 6.050% <br>Cap 6.050% <br>12/20/2054<br>| &nbsp;&nbsp; 2.389% | 48496241 | &nbsp;&nbsp; 5336919 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2024-22D Class AS | CMO Series 2024-22D Class AS | CMO Series 2024-22D Class AS | CMO Series 2024-22D Class AS |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>08/20/2051<br>| &nbsp;&nbsp; 2.268% | 32247693 | &nbsp;&nbsp; 4167269 |
| CMO Series 2051-56Q Class SL | CMO Series 2051-56Q Class SL | CMO Series 2051-56Q Class SL | CMO Series 2051-56Q Class SL |
| -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>09/20/2055<br>| &nbsp;&nbsp; 2.339% | 38482426 | &nbsp;&nbsp; 3818080 |
| Government National Mortgage Association<sup>(j)</sup>  | Government National Mortgage Association<sup>(j)</sup>  | Government National Mortgage Association<sup>(j)</sup>  | Government National Mortgage Association<sup>(j)</sup>  |
| CMO Series 2024-22 Class EI | CMO Series 2024-22 Class EI | CMO Series 2024-22 Class EI | CMO Series 2024-22 Class EI |
| 01/20/2052 | &nbsp;&nbsp; 3.500% | 45906931 | &nbsp;&nbsp; 8639409 |
| CMO Series 2024-28 Class IM | CMO Series 2024-28 Class IM | CMO Series 2024-28 Class IM | CMO Series 2024-28 Class IM |
| 01/20/2050 | &nbsp;&nbsp; 4.000% | 14738504 | &nbsp;&nbsp; 2121233 |
| Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  |
| CMO Series 2025-149M Class FP | CMO Series 2025-149M Class FP | CMO Series 2025-149M Class FP | CMO Series 2025-149M Class FP |
| 30-day Average SOFR + 1.100% <br>Floor 1.100%, Cap 6.500% <br>09/20/2055<br>| &nbsp;&nbsp; 4.762% | 17885908 | &nbsp;&nbsp; 18038898 |
| CMO Series 2025-39 Class M | CMO Series 2025-39 Class M | CMO Series 2025-39 Class M | CMO Series 2025-39 Class M |
| 30-day Average SOFR + 4.000% <br>Floor 4.000%, Cap 7.700% <br>03/20/2055<br>| &nbsp;&nbsp; 7.662% | 14234281 | &nbsp;&nbsp; 14799619 |
| Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  |
| 03/17/2041- <br>03/13/2054<br>| &nbsp;&nbsp; 3.000% | 123625000 | &nbsp;&nbsp; 112906813 |
| 03/17/2041- <br>03/13/2055<br>| &nbsp;&nbsp; 3.500% | 85550000 | &nbsp;&nbsp; 81807691 |
| 03/13/2055 | &nbsp;&nbsp; 4.000% | 10000000 | &nbsp;&nbsp; 9718133 |
| 03/12/2056 | &nbsp;&nbsp; 5.500% | 31000000 | &nbsp;&nbsp; 31497017 |
| Total Residential Mortgage-Backed Securities - Agency <br>(Cost $1,328,294,508) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $1,328,294,508) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $1,328,294,508) | &nbsp;&nbsp; **1364169899** |
| **Residential Mortgage-Backed Securities - Non-Agency 7.7%** | **Residential Mortgage-Backed Securities - Non-Agency 7.7%** | **Residential Mortgage-Backed Securities - Non-Agency 7.7%** | **Residential Mortgage-Backed Securities - Non-Agency 7.7%** |
| A&D Mortgage Trust<sup>(a),(g)</sup>  | A&D Mortgage Trust<sup>(a),(g)</sup>  | A&D Mortgage Trust<sup>(a),(g)</sup>  | A&D Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 |
| 04/25/2069 | &nbsp;&nbsp; 6.498% | 20176285 | &nbsp;&nbsp; 20425168 |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.374% | 13989404 | &nbsp;&nbsp; 14136553 |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 10/25/2070 | &nbsp;&nbsp; 5.225% | 14522718 | &nbsp;&nbsp; 14648737 |
| A&D Mortgage Trust<sup>(a),(c)</sup>  | A&D Mortgage Trust<sup>(a),(c)</sup>  | A&D Mortgage Trust<sup>(a),(c)</sup>  | A&D Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 |
| 02/25/2071 | &nbsp;&nbsp; 4.912% | 11999080 | &nbsp;&nbsp; 12028977 |
| ACHM Trust<sup>(a),(c)</sup>  | ACHM Trust<sup>(a),(c)</sup>  | ACHM Trust<sup>(a),(c)</sup>  | ACHM Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-HE2 Class A | CMO Series 2025-HE2 Class A | CMO Series 2025-HE2 Class A | CMO Series 2025-HE2 Class A |
| 08/25/2055 | &nbsp;&nbsp; 5.465% | 25994796 | &nbsp;&nbsp; 26383767 |
| Ajax Mortgage Loan Trust<sup>(a),(c)</sup>  | Ajax Mortgage Loan Trust<sup>(a),(c)</sup>  | Ajax Mortgage Loan Trust<sup>(a),(c)</sup>  | Ajax Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-A Class A1 | CMO Series 2021-A Class A1 | CMO Series 2021-A Class A1 | CMO Series 2021-A Class A1 |
| 09/25/2065 | &nbsp;&nbsp; 1.065% | 9206553 | &nbsp;&nbsp; 8491867 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Angel Oak Mortgage Trust<sup>(a),(c)</sup>  | Angel Oak Mortgage Trust<sup>(a),(c)</sup>  | Angel Oak Mortgage Trust<sup>(a),(c)</sup>  | Angel Oak Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2020-6 Class A3 | CMO Series 2020-6 Class A3 | CMO Series 2020-6 Class A3 | CMO Series 2020-6 Class A3 |
| 05/25/2065 | &nbsp;&nbsp; 1.775% | 490157 | &nbsp;&nbsp; 463158 |
| CMO Series 2020-6 Class M1 | CMO Series 2020-6 Class M1 | CMO Series 2020-6 Class M1 | CMO Series 2020-6 Class M1 |
| 05/25/2065 | &nbsp;&nbsp; 2.805% | 2575000 | &nbsp;&nbsp; 2337514 |
| CMO Series 2020-R1 Class A1 | CMO Series 2020-R1 Class A1 | CMO Series 2020-R1 Class A1 | CMO Series 2020-R1 Class A1 |
| 04/25/2053 | &nbsp;&nbsp; 0.990% | 1331939 | &nbsp;&nbsp; 1276220 |
| Angel Oak Mortgage Trust<sup>(a),(g)</sup>  | Angel Oak Mortgage Trust<sup>(a),(g)</sup>  | Angel Oak Mortgage Trust<sup>(a),(g)</sup>  | Angel Oak Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 |
| 07/25/2067 | &nbsp;&nbsp; 4.300% | 20042022 | &nbsp;&nbsp; 19979369 |
| CMO Series 2025-13 Class A1 | CMO Series 2025-13 Class A1 | CMO Series 2025-13 Class A1 | CMO Series 2025-13 Class A1 |
| 10/25/2070 | &nbsp;&nbsp; 4.929% | 9574843 | &nbsp;&nbsp; 9616049 |
| BRAVO Residential Funding Trust<sup>(a),(c)</sup>  | BRAVO Residential Funding Trust<sup>(a),(c)</sup>  | BRAVO Residential Funding Trust<sup>(a),(c)</sup>  | BRAVO Residential Funding Trust<sup>(a),(c)</sup>  |
| CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 |
| 05/25/2060 | &nbsp;&nbsp; 1.449% | 328812 | &nbsp;&nbsp; 322369 |
| CMO Series 2020-RPL1 Class A1 | CMO Series 2020-RPL1 Class A1 | CMO Series 2020-RPL1 Class A1 | CMO Series 2020-RPL1 Class A1 |
| 05/26/2059 | &nbsp;&nbsp; 2.500% | 873748 | &nbsp;&nbsp; 863107 |
| CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 |
| 02/25/2049 | &nbsp;&nbsp; 0.941% | 3514281 | &nbsp;&nbsp; 3311422 |
| CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 |
| 02/25/2049 | &nbsp;&nbsp; 1.332% | 1423596 | &nbsp;&nbsp; 1347848 |
| CMO Series 2021-NQM2 Class A3 | CMO Series 2021-NQM2 Class A3 | CMO Series 2021-NQM2 Class A3 | CMO Series 2021-NQM2 Class A3 |
| 03/25/2060 | &nbsp;&nbsp; 1.435% | 310048 | &nbsp;&nbsp; 305136 |
| CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 |
| 07/25/2062 | &nbsp;&nbsp; 5.108% | 4341364 | &nbsp;&nbsp; 4336347 |
| Subordinated CMO Series 2021-NQM2 Class B1 | Subordinated CMO Series 2021-NQM2 Class B1 | Subordinated CMO Series 2021-NQM2 Class B1 | Subordinated CMO Series 2021-NQM2 Class B1 |
| 03/25/2060 | &nbsp;&nbsp; 3.044% | 2725000 | &nbsp;&nbsp; 2591075 |
| BRAVO Residential Funding Trust<sup>(a),(g)</sup>  | BRAVO Residential Funding Trust<sup>(a),(g)</sup>  | BRAVO Residential Funding Trust<sup>(a),(g)</sup>  | BRAVO Residential Funding Trust<sup>(a),(g)</sup>  |
| CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 |
| 10/25/2063 | &nbsp;&nbsp; 6.394% | 2582323 | &nbsp;&nbsp; 2600328 |
| CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 |
| 02/25/2064 | &nbsp;&nbsp; 6.285% | 4980929 | &nbsp;&nbsp; 5029712 |
| CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 |
| 03/25/2064 | &nbsp;&nbsp; 6.191% | 7265165 | &nbsp;&nbsp; 7340792 |
| CHNGE Mortgage Trust<sup>(a),(c)</sup>  | CHNGE Mortgage Trust<sup>(a),(c)</sup>  | CHNGE Mortgage Trust<sup>(a),(c)</sup>  | CHNGE Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 |
| 01/25/2067 | &nbsp;&nbsp; 3.007% | 9648159 | &nbsp;&nbsp; 9396564 |
| CHNGE Mortgage Trust<sup>(a),(g)</sup>  | CHNGE Mortgage Trust<sup>(a),(g)</sup>  | CHNGE Mortgage Trust<sup>(a),(g)</sup>  | CHNGE Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 |
| 06/25/2067 | &nbsp;&nbsp; 5.189% | 3655397 | &nbsp;&nbsp; 3644919 |
| COLT Mortgage Loan Trust<sup>(a)</sup>  | COLT Mortgage Loan Trust<sup>(a)</sup>  | COLT Mortgage Loan Trust<sup>(a)</sup>  | COLT Mortgage Loan Trust<sup>(a)</sup>  |
| CMO Series 2021-2R Class A1 | CMO Series 2021-2R Class A1 | CMO Series 2021-2R Class A1 | CMO Series 2021-2R Class A1 |
| 07/27/2054 | &nbsp;&nbsp; 0.798% | 1424685 | &nbsp;&nbsp; 1296973 |
| COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-HX1 Class M1 | CMO Series 2021-HX1 Class M1 | CMO Series 2021-HX1 Class M1 | CMO Series 2021-HX1 Class M1 |
| 10/25/2066 | &nbsp;&nbsp; 2.355% | 3250000 | &nbsp;&nbsp; 2415051 |
| CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 |
| 12/27/2066 | &nbsp;&nbsp; 2.284% | 9361903 | &nbsp;&nbsp; 8729065 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2025-12 Class A1 | CMO Series 2025-12 Class A1 | CMO Series 2025-12 Class A1 | CMO Series 2025-12 Class A1 |
| 01/26/2071 | &nbsp;&nbsp; 4.983% | 10366860 | &nbsp;&nbsp; 10418807 |
| COLT Mortgage Loan Trust<sup>(a),(g)</sup>  | COLT Mortgage Loan Trust<sup>(a),(g)</sup>  | COLT Mortgage Loan Trust<sup>(a),(g)</sup>  | COLT Mortgage Loan Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 |
| 02/25/2069 | &nbsp;&nbsp; 5.835% | 4933586 | &nbsp;&nbsp; 4962454 |
| CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 |
| 06/25/2070 | &nbsp;&nbsp; 5.470% | 27876186 | &nbsp;&nbsp; 28203194 |
| Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  |
| CMO Series 2022-R04 Class 1M2 | CMO Series 2022-R04 Class 1M2 | CMO Series 2022-R04 Class 1M2 | CMO Series 2022-R04 Class 1M2 |
| 30-day Average SOFR + 3.100% <br>03/25/2042<br>| &nbsp;&nbsp; 6.767% | 7200000 | &nbsp;&nbsp; 7350208 |
| Credit Suisse Mortgage Trust<sup>(a),(c)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(c)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(c)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-AFC1 Class A1 | CMO Series 2021-AFC1 Class A1 | CMO Series 2021-AFC1 Class A1 | CMO Series 2021-AFC1 Class A1 |
| 03/25/2056 | &nbsp;&nbsp; 0.830% | 2864820 | &nbsp;&nbsp; 2445724 |
| CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 | CMO Series 2021-NQM1 Class A3 |
| 05/25/2065 | &nbsp;&nbsp; 1.199% | 846846 | &nbsp;&nbsp; 783659 |
| CMO Series 2021-NQM1 Class M1 | CMO Series 2021-NQM1 Class M1 | CMO Series 2021-NQM1 Class M1 | CMO Series 2021-NQM1 Class M1 |
| 05/25/2065 | &nbsp;&nbsp; 2.130% | 1075000 | &nbsp;&nbsp; 885438 |
| CMO Series 2021-RPL2 Class M1 | CMO Series 2021-RPL2 Class M1 | CMO Series 2021-RPL2 Class M1 | CMO Series 2021-RPL2 Class M1 |
| 01/25/2060 | &nbsp;&nbsp; 2.750% | 4775000 | &nbsp;&nbsp; 3782695 |
| CMO Series 2021-RPL2 Class M2 | CMO Series 2021-RPL2 Class M2 | CMO Series 2021-RPL2 Class M2 | CMO Series 2021-RPL2 Class M2 |
| 01/25/2060 | &nbsp;&nbsp; 3.250% | 2525000 | &nbsp;&nbsp; 1967540 |
| Cross Mortgage Trust<sup>(a),(g)</sup>  | Cross Mortgage Trust<sup>(a),(g)</sup>  | Cross Mortgage Trust<sup>(a),(g)</sup>  | Cross Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-H2 Class A1 | CMO Series 2024-H2 Class A1 | CMO Series 2024-H2 Class A1 | CMO Series 2024-H2 Class A1 |
| 04/25/2069 | &nbsp;&nbsp; 6.093% | 1772263 | &nbsp;&nbsp; 1788021 |
| CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  |
| CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A |
| 09/25/2057 | &nbsp;&nbsp; 3.850% | 6673105 | &nbsp;&nbsp; 6528947 |
| CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 |
| 12/27/2060 | &nbsp;&nbsp; 5.796% | 5185880 | &nbsp;&nbsp; 5181730 |
| Subordinated CMO Series 2020-RPL4 Class A1 | Subordinated CMO Series 2020-RPL4 Class A1 | Subordinated CMO Series 2020-RPL4 Class A1 | Subordinated CMO Series 2020-RPL4 Class A1 |
| 01/25/2060 | &nbsp;&nbsp; 2.000% | 2718763 | &nbsp;&nbsp; 2497154 |
| CSMC Trust<sup>(a)</sup>  | CSMC Trust<sup>(a)</sup>  | CSMC Trust<sup>(a)</sup>  | CSMC Trust<sup>(a)</sup>  |
| CMO Series 2019-AFC1 Class A1 | CMO Series 2019-AFC1 Class A1 | CMO Series 2019-AFC1 Class A1 | CMO Series 2019-AFC1 Class A1 |
| 07/25/2049 | &nbsp;&nbsp; 3.573% | 1397186 | &nbsp;&nbsp; 1361552 |
| EFMT<sup>(a),(c)</sup>  | EFMT<sup>(a),(c)</sup>  | EFMT<sup>(a),(c)</sup>  | EFMT<sup>(a),(c)</sup>  |
| CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 |
| 12/25/2070 | &nbsp;&nbsp; 5.001% | 10952972 | &nbsp;&nbsp; 11014076 |
| Ellington Financial Mortgage Trust<sup>(a),(c)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(c)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(c)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 |
| 11/25/2059 | &nbsp;&nbsp; 3.046% | 238528 | &nbsp;&nbsp; 235164 |
| CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 | CMO Series 2022-2 Class A1 |
| 04/25/2067 | &nbsp;&nbsp; 4.299% | 25769342 | &nbsp;&nbsp; 25677064 |
| CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 |
| 01/25/2070 | &nbsp;&nbsp; 5.668% | 4858512 | &nbsp;&nbsp; 4910660 |
| Ellington Financial Mortgage Trust<sup>(a),(g)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(g)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(g)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2026-CES1 Class A1A | CMO Series 2026-CES1 Class A1A | CMO Series 2026-CES1 Class A1A | CMO Series 2026-CES1 Class A1A |
| 12/25/2060 | &nbsp;&nbsp; 4.914% | 7270000 | &nbsp;&nbsp; 7302479 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Equifirst Mortgage Loan Trust<sup>(g)</sup>  | Equifirst Mortgage Loan Trust<sup>(g)</sup>  | Equifirst Mortgage Loan Trust<sup>(g)</sup>  | Equifirst Mortgage Loan Trust<sup>(g)</sup>  |
| CMO Series 2003-1 Class IF1 | CMO Series 2003-1 Class IF1 | CMO Series 2003-1 Class IF1 | CMO Series 2003-1 Class IF1 |
| 12/25/2032 | &nbsp;&nbsp; 4.010% | 15912 | &nbsp;&nbsp; 15441 |
| FIGRE Trust<sup>(a),(g)</sup>  | FIGRE Trust<sup>(a),(g)</sup>  | FIGRE Trust<sup>(a),(g)</sup>  | FIGRE Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-FL1 Class A1 | CMO Series 2025-FL1 Class A1 | CMO Series 2025-FL1 Class A1 | CMO Series 2025-FL1 Class A1 |
| 07/25/2055 | &nbsp;&nbsp; 5.265% | 7037302 | &nbsp;&nbsp; 7087445 |
| FIGRE Trust<sup>(a),(c)</sup>  | FIGRE Trust<sup>(a),(c)</sup>  | FIGRE Trust<sup>(a),(c)</sup>  | FIGRE Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-PF2 Class A | CMO Series 2025-PF2 Class A | CMO Series 2025-PF2 Class A | CMO Series 2025-PF2 Class A |
| 10/25/2055 | &nbsp;&nbsp; 5.017% | 7531961 | &nbsp;&nbsp; 7609067 |
| Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  |
| CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 |
| 30-day Average SOFR + 1.650% <br>01/25/2034<br>| &nbsp;&nbsp; 5.317% | 711530 | &nbsp;&nbsp; 714424 |
| CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B |
| 30-day Average SOFR + 2.900% <br>04/25/2042<br>| &nbsp;&nbsp; 6.567% | 7000000 | &nbsp;&nbsp; 7157132 |
| Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A |
| 30-day Average SOFR + 2.150% <br>09/25/2042<br>| &nbsp;&nbsp; 5.817% | 518361 | &nbsp;&nbsp; 520781 |
| Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  |
| CMO Series 2020-CS01 Class B1 | CMO Series 2020-CS01 Class B1 | CMO Series 2020-CS01 Class B1 | CMO Series 2020-CS01 Class B1 |
| 30-day Average SOFR + 0.114% <br>04/25/2033<br>| &nbsp;&nbsp; 4.454% | 8622732 | &nbsp;&nbsp; 8351528 |
| CMO Series 2022-DNA5 Class M1A | CMO Series 2022-DNA5 Class M1A | CMO Series 2022-DNA5 Class M1A | CMO Series 2022-DNA5 Class M1A |
| 30-day Average SOFR + 2.950% <br>06/25/2042<br>| &nbsp;&nbsp; 6.617% | 3914463 | &nbsp;&nbsp; 3976933 |
| Subordinated CMO Series 2021-DNA7 Class M1 | Subordinated CMO Series 2021-DNA7 Class M1 | Subordinated CMO Series 2021-DNA7 Class M1 | Subordinated CMO Series 2021-DNA7 Class M1 |
| 30-day Average SOFR + 0.850% <br>11/25/2041<br>| &nbsp;&nbsp; 4.517% | 2166792 | &nbsp;&nbsp; 2166915 |
| GCAT Trust<sup>(a),(c)</sup>  | GCAT Trust<sup>(a),(c)</sup>  | GCAT Trust<sup>(a),(c)</sup>  | GCAT Trust<sup>(a),(c)</sup>  |
| CMO Series 2019-RPL1 Class A1 | CMO Series 2019-RPL1 Class A1 | CMO Series 2019-RPL1 Class A1 | CMO Series 2019-RPL1 Class A1 |
| 10/25/2068 | &nbsp;&nbsp; 2.650% | 2197421 | &nbsp;&nbsp; 2152002 |
| CMO Series 2021-CM2 Class A1 | CMO Series 2021-CM2 Class A1 | CMO Series 2021-CM2 Class A1 | CMO Series 2021-CM2 Class A1 |
| 08/25/2066 | &nbsp;&nbsp; 2.352% | 8421963 | &nbsp;&nbsp; 8066387 |
| CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 | CMO Series 2022-NQM3 Class A1 |
| 04/25/2067 | &nbsp;&nbsp; 4.349% | 26809109 | &nbsp;&nbsp; 26708781 |
| CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 4.981% | 19154053 | &nbsp;&nbsp; 19248315 |
| GITSIT Mortgage Loan Trust<sup>(a),(g)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(g)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(g)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-NPL2 Class A1 | CMO Series 2025-NPL2 Class A1 | CMO Series 2025-NPL2 Class A1 | CMO Series 2025-NPL2 Class A1 |
| 12/25/2055 | &nbsp;&nbsp; 5.425% | 10102697 | &nbsp;&nbsp; 10103130 |
| GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  |
| CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 | CMO Series 2020-NQM1 Class A1 |
| 09/27/2060 | &nbsp;&nbsp; 1.382% | 991420 | &nbsp;&nbsp; 952443 |
| GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 10/25/2065 | &nbsp;&nbsp; 5.006% | 11141159 | &nbsp;&nbsp; 11197689 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| HOMES Trust<sup>(a),(g)</sup>  | HOMES Trust<sup>(a),(g)</sup>  | HOMES Trust<sup>(a),(g)</sup>  | HOMES Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-AFC2 Class AIA | CMO Series 2025-AFC2 Class AIA | CMO Series 2025-AFC2 Class AIA | CMO Series 2025-AFC2 Class AIA |
| 06/25/2060 | &nbsp;&nbsp; 5.471% | 8754608 | &nbsp;&nbsp; 8858913 |
| HOMES Trust<sup>(a),(c)</sup>  | HOMES Trust<sup>(a),(c)</sup>  | HOMES Trust<sup>(a),(c)</sup>  | HOMES Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.220% | 9187373 | &nbsp;&nbsp; 9259600 |
| Imperial Fund Mortgage Trust<sup>(a),(c)</sup>  | Imperial Fund Mortgage Trust<sup>(a),(c)</sup>  | Imperial Fund Mortgage Trust<sup>(a),(c)</sup>  | Imperial Fund Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-NQM2 Class A3 | CMO Series 2021-NQM2 Class A3 | CMO Series 2021-NQM2 Class A3 | CMO Series 2021-NQM2 Class A3 |
| 09/25/2056 | &nbsp;&nbsp; 1.516% | 3922574 | &nbsp;&nbsp; 3428305 |
| JPMorgan Mortgage Trust<sup>(a),(c)</sup>  | JPMorgan Mortgage Trust<sup>(a),(c)</sup>  | JPMorgan Mortgage Trust<sup>(a),(c)</sup>  | JPMorgan Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-VIS3 Class A1 | CMO Series 2025-VIS3 Class A1 | CMO Series 2025-VIS3 Class A1 | CMO Series 2025-VIS3 Class A1 |
| 02/25/2066 | &nbsp;&nbsp; 5.062% | 19543315 | &nbsp;&nbsp; 19678764 |
| Legacy Mortgage Asset Trust<sup>(a),(g)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(g)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(g)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(g)</sup>  |
| CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 |
| 10/25/2066 | &nbsp;&nbsp; 5.892% | 5512411 | &nbsp;&nbsp; 5529444 |
| CMO Series 2021-GS2 Class A1 | CMO Series 2021-GS2 Class A1 | CMO Series 2021-GS2 Class A1 | CMO Series 2021-GS2 Class A1 |
| 04/25/2061 | &nbsp;&nbsp; 5.750% | 10067105 | &nbsp;&nbsp; 10098306 |
| LHOME Mortgage Trust<sup>(a),(g)</sup>  | LHOME Mortgage Trust<sup>(a),(g)</sup>  | LHOME Mortgage Trust<sup>(a),(g)</sup>  | LHOME Mortgage Trust<sup>(a),(g)</sup>  |
| CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 |
| 01/25/2029 | &nbsp;&nbsp; 7.017% | 4300000 | &nbsp;&nbsp; 4308907 |
| MetLife Securitization Trust<sup>(a),(c)</sup>  | MetLife Securitization Trust<sup>(a),(c)</sup>  | MetLife Securitization Trust<sup>(a),(c)</sup>  | MetLife Securitization Trust<sup>(a),(c)</sup>  |
| CMO Series 2018-1A Class A | CMO Series 2018-1A Class A | CMO Series 2018-1A Class A | CMO Series 2018-1A Class A |
| 03/25/2057 | &nbsp;&nbsp; 3.750% | 1657956 | &nbsp;&nbsp; 1630560 |
| MFA Trust<sup>(a),(c)</sup>  | MFA Trust<sup>(a),(c)</sup>  | MFA Trust<sup>(a),(c)</sup>  | MFA Trust<sup>(a),(c)</sup>  |
| CMO Series 2020-NQM3 Class M1 | CMO Series 2020-NQM3 Class M1 | CMO Series 2020-NQM3 Class M1 | CMO Series 2020-NQM3 Class M1 |
| 01/26/2065 | &nbsp;&nbsp; 2.654% | 2925000 | &nbsp;&nbsp; 2727609 |
| CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 | CMO Series 2021-NQM1 Class A1 |
| 04/25/2065 | &nbsp;&nbsp; 1.153% | 1986177 | &nbsp;&nbsp; 1893492 |
| MFA Trust<sup>(a),(g)</sup>  | MFA Trust<sup>(a),(g)</sup>  | MFA Trust<sup>(a),(g)</sup>  | MFA Trust<sup>(a),(g)</sup>  |
| CMO Series 2022-NQM2 Class A1 | CMO Series 2022-NQM2 Class A1 | CMO Series 2022-NQM2 Class A1 | CMO Series 2022-NQM2 Class A1 |
| 05/25/2067 | &nbsp;&nbsp; 4.000% | 23973229 | &nbsp;&nbsp; 24077693 |
| CMO Series 2023-NQM4 Class A1 | CMO Series 2023-NQM4 Class A1 | CMO Series 2023-NQM4 Class A1 | CMO Series 2023-NQM4 Class A1 |
| 12/25/2068 | &nbsp;&nbsp; 6.105% | 1722404 | &nbsp;&nbsp; 1733119 |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.261% | 8841263 | &nbsp;&nbsp; 8911163 |
| MFRA Trust<sup>(a),(c)</sup>  | MFRA Trust<sup>(a),(c)</sup>  | MFRA Trust<sup>(a),(c)</sup>  | MFRA Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 |
| 01/25/2056 | &nbsp;&nbsp; 0.852% | 241279 | &nbsp;&nbsp; 236659 |
| CMO Series 2021-INV1 Class A2 | CMO Series 2021-INV1 Class A2 | CMO Series 2021-INV1 Class A2 | CMO Series 2021-INV1 Class A2 |
| 01/25/2056 | &nbsp;&nbsp; 1.057% | 50895 | &nbsp;&nbsp; 49936 |
| CMO Series 2021-INV1 Class A3 | CMO Series 2021-INV1 Class A3 | CMO Series 2021-INV1 Class A3 | CMO Series 2021-INV1 Class A3 |
| 01/25/2056 | &nbsp;&nbsp; 1.262% | 78523 | &nbsp;&nbsp; 77071 |
| Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2018-3 Class A1 | CMO Series 2018-3 Class A1 | CMO Series 2018-3 Class A1 | CMO Series 2018-3 Class A1 |
| 08/25/2058 | &nbsp;&nbsp; 3.482% | 1621575 | &nbsp;&nbsp; 1606745 |
| CMO Series 2021-NMR1 Class M1 | CMO Series 2021-NMR1 Class M1 | CMO Series 2021-NMR1 Class M1 | CMO Series 2021-NMR1 Class M1 |
| 11/25/2060 | &nbsp;&nbsp; 1.850% | 7225000 | &nbsp;&nbsp; 6769439 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(c)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(c)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(c)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.443% | 8104394 | &nbsp;&nbsp; 8205921 |
| Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(g)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(g)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(g)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-NQM7 Class A1 | CMO Series 2025-NQM7 Class A1 | CMO Series 2025-NQM7 Class A1 | CMO Series 2025-NQM7 Class A1 |
| 09/25/2070 | &nbsp;&nbsp; 4.984% | 15037765 | &nbsp;&nbsp; 15107641 |
| New Residential Mortgage Loan Trust<sup>(a)</sup>  | New Residential Mortgage Loan Trust<sup>(a)</sup>  | New Residential Mortgage Loan Trust<sup>(a)</sup>  | New Residential Mortgage Loan Trust<sup>(a)</sup>  |
| CMO Series 2016-3A Class A1 | CMO Series 2016-3A Class A1 | CMO Series 2016-3A Class A1 | CMO Series 2016-3A Class A1 |
| 09/25/2056 | &nbsp;&nbsp; 3.750% | 514721 | &nbsp;&nbsp; 500560 |
| NYMT Loan Trust<sup>(a),(c)</sup>  | NYMT Loan Trust<sup>(a),(c)</sup>  | NYMT Loan Trust<sup>(a),(c)</sup>  | NYMT Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 |
| 10/25/2060 | &nbsp;&nbsp; 5.000% | 13045342 | &nbsp;&nbsp; 13119192 |
| OBX Trust<sup>(a),(g)</sup>  | OBX Trust<sup>(a),(g)</sup>  | OBX Trust<sup>(a),(g)</sup>  | OBX Trust<sup>(a),(g)</sup>  |
| CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 | CMO Series 2023-NQM8 Class A1 |
| 09/25/2063 | &nbsp;&nbsp; 7.045% | 6078884 | &nbsp;&nbsp; 6124139 |
| CMO Series 2023-NQM8 Class A2 | CMO Series 2023-NQM8 Class A2 | CMO Series 2023-NQM8 Class A2 | CMO Series 2023-NQM8 Class A2 |
| 09/25/2063 | &nbsp;&nbsp; 7.248% | 4968383 | &nbsp;&nbsp; 5007384 |
| OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.441% | 13312015 | &nbsp;&nbsp; 13463310 |
| Oceanview Mortgage Loan Trust<sup>(a)</sup>  | Oceanview Mortgage Loan Trust<sup>(a)</sup>  | Oceanview Mortgage Loan Trust<sup>(a)</sup>  | Oceanview Mortgage Loan Trust<sup>(a)</sup>  |
| CMO Series 2020-1 Class A1A | CMO Series 2020-1 Class A1A | CMO Series 2020-1 Class A1A | CMO Series 2020-1 Class A1A |
| 05/28/2050 | &nbsp;&nbsp; 1.733% | 769490 | &nbsp;&nbsp; 733775 |
| PRKCM Trust<sup>(a),(c)</sup>  | PRKCM Trust<sup>(a),(c)</sup>  | PRKCM Trust<sup>(a),(c)</sup>  | PRKCM Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-AFC2 Class A3 | CMO Series 2021-AFC2 Class A3 | CMO Series 2021-AFC2 Class A3 | CMO Series 2021-AFC2 Class A3 |
| 11/25/2056 | &nbsp;&nbsp; 2.893% | 12941000 | &nbsp;&nbsp; 9708666 |
| CMO Series 2021-AFC2 Class M1 | CMO Series 2021-AFC2 Class M1 | CMO Series 2021-AFC2 Class M1 | CMO Series 2021-AFC2 Class M1 |
| 11/25/2056 | &nbsp;&nbsp; 3.443% | 9528000 | &nbsp;&nbsp; 7373533 |
| Subordinated CMO Series 2021-AFC2 Class B1 | Subordinated CMO Series 2021-AFC2 Class B1 | Subordinated CMO Series 2021-AFC2 Class B1 | Subordinated CMO Series 2021-AFC2 Class B1 |
| 11/25/2056 | &nbsp;&nbsp; 3.701% | 8383000 | &nbsp;&nbsp; 6198218 |
| PRPM LLC<sup>(a),(g)</sup>  | PRPM LLC<sup>(a),(g)</sup>  | PRPM LLC<sup>(a),(g)</sup>  | PRPM LLC<sup>(a),(g)</sup>  |
| CMO Series 2024-RCF2 Class A1 | CMO Series 2024-RCF2 Class A1 | CMO Series 2024-RCF2 Class A1 | CMO Series 2024-RCF2 Class A1 |
| 03/25/2054 | &nbsp;&nbsp; 3.750% | 4103634 | &nbsp;&nbsp; 4053162 |
| CMO Series 2025-RCF4 Class A2 | CMO Series 2025-RCF4 Class A2 | CMO Series 2025-RCF4 Class A2 | CMO Series 2025-RCF4 Class A2 |
| 08/25/2055 | &nbsp;&nbsp; 4.500% | 4115000 | &nbsp;&nbsp; 4066576 |
| PRPM Trust<sup>(a),(g)</sup>  | PRPM Trust<sup>(a),(g)</sup>  | PRPM Trust<sup>(a),(g)</sup>  | PRPM Trust<sup>(a),(g)</sup>  |
| CMO Series 2023-NQM3 Class A1 | CMO Series 2023-NQM3 Class A1 | CMO Series 2023-NQM3 Class A1 | CMO Series 2023-NQM3 Class A1 |
| 11/25/2068 | &nbsp;&nbsp; 6.221% | 1156256 | &nbsp;&nbsp; 1165441 |
| CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 | CMO Series 2024-NQM1 Class A1 |
| 12/25/2068 | &nbsp;&nbsp; 6.265% | 2473157 | &nbsp;&nbsp; 2497748 |
| PRPM Trust<sup>(a),(c)</sup>  | PRPM Trust<sup>(a),(c)</sup>  | PRPM Trust<sup>(a),(c)</sup>  | PRPM Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 05/25/2070 | &nbsp;&nbsp; 5.606% | 15414653 | &nbsp;&nbsp; 15619310 |
| CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 |
| 10/25/2070 | &nbsp;&nbsp; 4.986% | 17636719 | &nbsp;&nbsp; 17724947 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  |
| Subordinated CMO Series 2021-2 Class M1B | Subordinated CMO Series 2021-2 Class M1B | Subordinated CMO Series 2021-2 Class M1B | Subordinated CMO Series 2021-2 Class M1B |
| 30-day Average SOFR + 3.700% <br>Floor 3.700% <br>11/25/2031<br>| &nbsp;&nbsp; 7.374% | 1011953 | &nbsp;&nbsp; 1017898 |
| Residential Mortgage Loan Trust<sup>(a),(c)</sup>  | Residential Mortgage Loan Trust<sup>(a),(c)</sup>  | Residential Mortgage Loan Trust<sup>(a),(c)</sup>  | Residential Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2020-1 Class A3 | CMO Series 2020-1 Class A3 | CMO Series 2020-1 Class A3 | CMO Series 2020-1 Class A3 |
| 01/26/2060 | &nbsp;&nbsp; 2.684% | 41309 | &nbsp;&nbsp; 41081 |
| Spruce Hill Mortgage Loan Trust<sup>(a),(g)</sup>  | Spruce Hill Mortgage Loan Trust<sup>(a),(g)</sup>  | Spruce Hill Mortgage Loan Trust<sup>(a),(g)</sup>  | Spruce Hill Mortgage Loan Trust<sup>(a),(g)</sup>  |
| CMO Series 2022-SH1 Class A1A | CMO Series 2022-SH1 Class A1A | CMO Series 2022-SH1 Class A1A | CMO Series 2022-SH1 Class A1A |
| 07/25/2057 | &nbsp;&nbsp; 4.100% | 12163103 | &nbsp;&nbsp; 12129807 |
| Starwood Mortgage Residential Trust<sup>(a),(c)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(c)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(c)</sup>  | Starwood Mortgage Residential Trust<sup>(a),(c)</sup>  |
| CMO Series 2019-INV1 Class A3 | CMO Series 2019-INV1 Class A3 | CMO Series 2019-INV1 Class A3 | CMO Series 2019-INV1 Class A3 |
| 09/27/2049 | &nbsp;&nbsp; 2.916% | 359584 | &nbsp;&nbsp; 357282 |
| CMO Series 2020-INV1 Class A3 | CMO Series 2020-INV1 Class A3 | CMO Series 2020-INV1 Class A3 | CMO Series 2020-INV1 Class A3 |
| 11/25/2055 | &nbsp;&nbsp; 1.593% | 275524 | &nbsp;&nbsp; 268575 |
| CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 |
| 08/25/2056 | &nbsp;&nbsp; 2.400% | 3475000 | &nbsp;&nbsp; 2741712 |
| Towd Point Mortgage Trust<sup>(a),(c)</sup>  | Towd Point Mortgage Trust<sup>(a),(c)</sup>  | Towd Point Mortgage Trust<sup>(a),(c)</sup>  | Towd Point Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2018-1 Class A1 | CMO Series 2018-1 Class A1 | CMO Series 2018-1 Class A1 | CMO Series 2018-1 Class A1 |
| 01/25/2058 | &nbsp;&nbsp; 3.000% | 106699 | &nbsp;&nbsp; 106154 |
| CMO Series 2018-6 Class A1A | CMO Series 2018-6 Class A1A | CMO Series 2018-6 Class A1A | CMO Series 2018-6 Class A1A |
| 03/25/2058 | &nbsp;&nbsp; 3.750% | 405696 | &nbsp;&nbsp; 403929 |
| Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  |
| CMO Series 2019-HY1 Class A1 | CMO Series 2019-HY1 Class A1 | CMO Series 2019-HY1 Class A1 | CMO Series 2019-HY1 Class A1 |
| 1-month Term SOFR + 1.114% <br>10/25/2048<br>| &nbsp;&nbsp; 4.788% | 1094228 | &nbsp;&nbsp; 1096125 |
| CMO Series 2019-HY2 Class A1 | CMO Series 2019-HY2 Class A1 | CMO Series 2019-HY2 Class A1 | CMO Series 2019-HY2 Class A1 |
| 1-month Term SOFR + 1.114% <br>05/25/2058<br>| &nbsp;&nbsp; 4.788% | 1424278 | &nbsp;&nbsp; 1456421 |
| Vericrest Opportunity Loan Transferee<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(g)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(g)</sup>  |
| CMO Series 2021-NP11 Class A1 | CMO Series 2021-NP11 Class A1 | CMO Series 2021-NP11 Class A1 | CMO Series 2021-NP11 Class A1 |
| 08/25/2051 | &nbsp;&nbsp; 5.868% | 1188478 | &nbsp;&nbsp; 1188493 |
| Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-R1 Class A2 | CMO Series 2021-R1 Class A2 | CMO Series 2021-R1 Class A2 | CMO Series 2021-R1 Class A2 |
| 10/25/2063 | &nbsp;&nbsp; 1.057% | 295180 | &nbsp;&nbsp; 291106 |
| CMO Series 2021-R1 Class A3 | CMO Series 2021-R1 Class A3 | CMO Series 2021-R1 Class A3 | CMO Series 2021-R1 Class A3 |
| 10/25/2063 | &nbsp;&nbsp; 1.262% | 376116 | &nbsp;&nbsp; 371078 |
| Verus Securitization Trust<sup>(a),(g)</sup>  | Verus Securitization Trust<sup>(a),(g)</sup>  | Verus Securitization Trust<sup>(a),(g)</sup>  | Verus Securitization Trust<sup>(a),(g)</sup>  |
| CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 |
| 01/25/2067 | &nbsp;&nbsp; 2.724% | 16743593 | &nbsp;&nbsp; 16149867 |
| CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 |
| 09/25/2068 | &nbsp;&nbsp; 6.939% | 2093953 | &nbsp;&nbsp; 2107298 |
| CMO Series 2023-8 Class A1 | CMO Series 2023-8 Class A1 | CMO Series 2023-8 Class A1 | CMO Series 2023-8 Class A1 |
| 12/25/2068 | &nbsp;&nbsp; 6.259% | 1884098 | &nbsp;&nbsp; 1897569 |
| CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 |
| 01/25/2069 | &nbsp;&nbsp; 5.712% | 8099807 | &nbsp;&nbsp; 8136766 |
| CMO Series 2024-2 Class A1 | CMO Series 2024-2 Class A1 | CMO Series 2024-2 Class A1 | CMO Series 2024-2 Class A1 |
| 02/25/2069 | &nbsp;&nbsp; 6.095% | 2278526 | &nbsp;&nbsp; 2296276 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2024-3 Class A1 | CMO Series 2024-3 Class A1 | CMO Series 2024-3 Class A1 | CMO Series 2024-3 Class A1 |
| 04/25/2069 | &nbsp;&nbsp; 6.338% | 6308618 | &nbsp;&nbsp; 6381867 |
| CMO Series 2024-INV1 Class A1 | CMO Series 2024-INV1 Class A1 | CMO Series 2024-INV1 Class A1 | CMO Series 2024-INV1 Class A1 |
| 03/25/2069 | &nbsp;&nbsp; 6.116% | 5871571 | &nbsp;&nbsp; 5928014 |
| CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 | CMO Series 2025-7 Class A1 |
| 08/25/2070 | &nbsp;&nbsp; 5.129% | 20379269 | &nbsp;&nbsp; 20513426 |
| Visio Trust<sup>(a),(c)</sup>  | Visio Trust<sup>(a),(c)</sup>  | Visio Trust<sup>(a),(c)</sup>  | Visio Trust<sup>(a),(c)</sup>  |
| CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 |
| 11/25/2054 | &nbsp;&nbsp; 3.076% | 71707 | &nbsp;&nbsp; 71333 |
| Visio Trust<sup>(a)</sup>  | Visio Trust<sup>(a)</sup>  | Visio Trust<sup>(a)</sup>  | Visio Trust<sup>(a)</sup>  |
| CMO Series 2020-1R Class A2 | CMO Series 2020-1R Class A2 | CMO Series 2020-1R Class A2 | CMO Series 2020-1R Class A2 |
| 11/25/2055 | &nbsp;&nbsp; 1.567% | 308401 | &nbsp;&nbsp; 299190 |
| CMO Series 2020-1R Class A3 | CMO Series 2020-1R Class A3 | CMO Series 2020-1R Class A3 | CMO Series 2020-1R Class A3 |
| 11/25/2055 | &nbsp;&nbsp; 1.873% | 350928 | &nbsp;&nbsp; 341049 |
| Vista Point Securitization Trust<sup>(a),(g)</sup>  | Vista Point Securitization Trust<sup>(a),(g)</sup>  | Vista Point Securitization Trust<sup>(a),(g)</sup>  | Vista Point Securitization Trust<sup>(a),(g)</sup>  |
| CMO Series 2025-CES2 Class A1 | CMO Series 2025-CES2 Class A1 | CMO Series 2025-CES2 Class A1 | CMO Series 2025-CES2 Class A1 |
| 08/25/2055 | &nbsp;&nbsp; 5.601% | 11234458 | &nbsp;&nbsp; 11315761 |
| CMO Series 2025-CES2 Class A3 | CMO Series 2025-CES2 Class A3 | CMO Series 2025-CES2 Class A3 | CMO Series 2025-CES2 Class A3 |
| 08/25/2055 | &nbsp;&nbsp; 6.117% | 8950000 | &nbsp;&nbsp; 9123278 |
| Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $784,849,062) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $784,849,062) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $784,849,062) | &nbsp;&nbsp; **774219669** |

---

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

---

| | | |
|:---|:---|:---|
| **Rights 0.0%** | **Rights 0.0%** | **Rights 0.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Altice Luxembourg France SA, CVR<sup>(a),(d),(l),(m),(n)</sup> <br>| &nbsp;&nbsp; 172 | &nbsp;&nbsp; 2697 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **2697** |
| Total Rights <br>(Cost $10) | Total Rights <br>(Cost $10) | &nbsp;&nbsp; **2697** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans 0.0%** | **Senior Loans 0.0%** | **Senior Loans 0.0%** | **Senior Loans 0.0%** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** |
| Ascend Learning LLC<sup>(b),(o)</sup>  | Ascend Learning LLC<sup>(b),(o)</sup>  | Ascend Learning LLC<sup>(b),(o)</sup>  | Ascend Learning LLC<sup>(b),(o)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/11/2028<br>| &nbsp;&nbsp; 6.673% | 314762 | &nbsp;&nbsp; 299025 |
| Total Senior Loans <br>(Cost $313,800) | Total Senior Loans <br>(Cost $313,800) | Total Senior Loans <br>(Cost $313,800) | &nbsp;&nbsp; **299025** |
| **U.S. Treasury Obligations 0.4%** | **U.S. Treasury Obligations 0.4%** | **U.S. Treasury Obligations 0.4%** | **U.S. Treasury Obligations 0.4%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| U.S. Treasury<sup>(k)</sup>  | U.S. Treasury<sup>(k)</sup>  | U.S. Treasury<sup>(k)</sup>  | U.S. Treasury<sup>(k)</sup>  |
| 05/15/2047 | &nbsp;&nbsp; 3.000% | 47300000 | &nbsp;&nbsp; 36812703 |
| Total U.S. Treasury Obligations <br>(Cost $37,651,278) | Total U.S. Treasury Obligations <br>(Cost $37,651,278) | Total U.S. Treasury Obligations <br>(Cost $37,651,278) | &nbsp;&nbsp; **36812703** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 3.5%** | **Money Market Funds 3.5%** | **Money Market Funds 3.5%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(p),(q)</sup> <br>| &nbsp;&nbsp; 351299405 | &nbsp;&nbsp; 351229145 |
| Total Money Market Funds <br>(Cost $351,154,070) | Total Money Market Funds <br>(Cost $351,154,070) | &nbsp;&nbsp; **351229145** |
| **Total Investments in Securities** <br>**(Cost: $7,097,444,805)** | **Total Investments in Securities** <br>**(Cost: $7,097,444,805)** | &nbsp;&nbsp; **10280033132** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(187722477)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **10092310655** |

---

At February 28, 2026, securities and/or cash totaling $25,769,530 were pledged as collateral.

**Investments in derivatives** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| U.S. Long Bond | 1619 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 191800906 | &nbsp;&nbsp;&nbsp;&nbsp; 1468532 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | 4148 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 472094250 | &nbsp;&nbsp;&nbsp;&nbsp; 2004438 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | 692 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 76217313 | &nbsp;&nbsp;&nbsp;&nbsp; 296352 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra 10-Year Note | 183 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 21362391 | &nbsp;&nbsp;&nbsp;&nbsp; 122541 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond | 1014 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 123296063 | &nbsp;&nbsp;&nbsp;&nbsp; 1054991 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4946854 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

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

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| U.S. Treasury 2-Year Note | (1438) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (300935204)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (519371)<br>|

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At February 28, 2026, the total value of these securities amounted to $1,550,501,551, which represents 15.36% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable rate security. The interest rate shown was the current rate as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of February 28, 2026.

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) Represents a security purchased on a when-issued basis.

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

&nbsp;&nbsp;&nbsp;&nbsp;(g) 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;(h) Perpetual security with no specified maturity date.

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

&nbsp;&nbsp;&nbsp;&nbsp;(j) Represents interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans.

&nbsp;&nbsp;&nbsp;&nbsp;(k) This security or a portion of this security has been pledged as collateral in connection with investments sold short and/or derivative contracts.

&nbsp;&nbsp;&nbsp;&nbsp;(l) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At February 28, 2026, the total value of these securities amounted to $2,697, which represents less than 0.01% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(m) 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 $2,697, which represents less than 0.01% 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 ($)** | **Value ($)** |
| Altice Luxembourg France SA, CVR | 10/15/2025 | &nbsp;&nbsp; 172 | &nbsp;&nbsp; 10 | &nbsp;&nbsp; 2697 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(n) Valuation based on significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(o) The stated interest rate represents the weighted average interest rate at February 28, 2026 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan.

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

&nbsp;&nbsp;&nbsp;&nbsp;(q) 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% |
|  | 523031017 | &nbsp;&nbsp; 1192812508 | &nbsp;&nbsp; (1364629142)<br>| &nbsp;&nbsp; 14762 | &nbsp;&nbsp; 351229145 | &nbsp;&nbsp; 17354 | &nbsp;&nbsp; 7711886 | &nbsp;&nbsp; 351299405 |

---

**Abbreviation Legend** 

---

| | |
|:---|:---|
| CMO | Collateralized Mortgage Obligation |
| CVR | Contingent Value Rights |
| SOFR | Secured Overnight Financing Rate |
| TBA | To Be Announced |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Currency Legend** 

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.

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** |  |  |  |  |
| Asset-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 448811235 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 448811235 |
| Commercial Mortgage-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 147697800 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 147697800 |
| Common Stocks |  |  |  |  |
| Communication Services | 765312758 | &nbsp;&nbsp;&nbsp;&nbsp; 87590 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 765400348 |
| Consumer Discretionary | 614242965 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 614242965 |
| Consumer Staples | 149992660 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 149992660 |
| Energy | 237292928 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 237292928 |
| Financials | 758514707 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 758514707 |
| Health Care | 657641477 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 657641477 |
| Industrials | 604446210 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 604446210 |
| Information Technology | 1992457417 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1992457417 |
| Materials | 29331688 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29331688 |

---

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

Columbia Balanced Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| Real Estate | 79985772 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 79985772 |
| Utilities | 141219493 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 141219493 |
| Total Common Stocks | 6030438075 | &nbsp;&nbsp;&nbsp;&nbsp; 87590 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6030525665 |
| Corporate Bonds & Notes |  | &nbsp;&nbsp;&nbsp;&nbsp; 831329139 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 831329139 |
| Exchange-Traded Equity Funds | 294335963 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 294335963 |
| Foreign Government Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 600192 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 600192 |
| Residential Mortgage-Backed Securities - Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 1364169899 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1364169899 |
| Residential Mortgage-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 774219669 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 774219669 |
| Rights |  |  |  |  |
| Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2697 | &nbsp;&nbsp;&nbsp;&nbsp; 2697 |
| Total Rights |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2697 | &nbsp;&nbsp;&nbsp;&nbsp; 2697 |
| Senior Loans |  | &nbsp;&nbsp;&nbsp;&nbsp; 299025 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 299025 |
| U.S. Treasury Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 36812703 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 36812703 |
| Money Market Funds | 351229145 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 351229145 |
| Total Investments in Securities | 6676003183 | &nbsp;&nbsp;&nbsp;&nbsp; 3604027252 | &nbsp;&nbsp;&nbsp;&nbsp; 2697 | &nbsp;&nbsp;&nbsp;&nbsp; 10280033132 |
| **Investments in Derivatives** |  |  |  |  |
| Asset |  |  |  |  |
| Futures Contracts | 4946854 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4946854 |
| Liability |  |  |  |  |
| Futures Contracts | (519371)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (519371)<br>|
| Total | 6680430666 | &nbsp;&nbsp;&nbsp;&nbsp; 3604027252 | &nbsp;&nbsp;&nbsp;&nbsp; 2697 | &nbsp;&nbsp;&nbsp;&nbsp; 10284460615 |

---

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.

Derivative instruments are valued at unrealized appreciation (depreciation).

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 Balanced 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 $6,746,290,735) | $9928803987 |
| Affiliated issuers (cost $351,154,070) | 351229145 |
| Cash | 2708561 |
| Receivable for: |  |
| Investments sold | 63168214 |
| Investments sold on a delayed delivery basis  | 26443851 |
| Capital shares sold | 4046560 |
| Dividends | 5969369 |
| Interest | 19582134 |
| Foreign tax reclaims | 79017 |
| Variation margin for futures contracts | 3888531 |
| Prepaid expenses | 22440 |
| Deferred compensation of board members | 606624 |
| Other assets | 48131 |
| Total assets | 10406596564 |
| **Liabilities** |  |
| Payable for: |  |
| Investments purchased | 41364006 |
| Investments purchased on a delayed delivery basis | 263742553 |
| Capital shares redeemed | 6953800 |
| Variation margin for futures contracts | 404437 |
| Management services fees | 155707 |
| Distribution and/or service fees | 57190 |
| Transfer agent fees | 637450 |
| Compensation of chief compliance officer | 819 |
| Compensation of board members | 10310 |
| Other expenses | 116224 |
| Deferred compensation of board members | 843413 |
| Total liabilities | 314285909 |
| **Net assets applicable to outstanding capital stock** | **$10092310655** |
| **Represented by** |  |
| Paid in capital | 6638001576 |
| Total distributable earnings (loss) | 3454309079 |
| **Total - representing net assets applicable to outstanding capital stock** | **$10092310655** |

---

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

Columbia Balanced Fund \| 2026

------

Statement of Assets and Liabilities (continued)

February 28, 2026 (Unaudited)

---

| | |
|:---|:---|
| **Class A** |  |
| Net assets | $4188047944 |
| Shares outstanding | 75964928 |
| Net asset value per share | $55.13 |
| 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) | $58.49 |
| **Class C** |  |
| Net assets | $955674886 |
| Shares outstanding | 17451941 |
| Net asset value per share | $54.76 |
| **Institutional Class** |  |
| Net assets | $3266482764 |
| Shares outstanding | 59406564 |
| Net asset value per share | $54.99 |
| **Institutional 2 Class** |  |
| Net assets | $551416609 |
| Shares outstanding | 10018635 |
| Net asset value per share | $55.04 |
| **Institutional 3 Class** |  |
| Net assets | $893631858 |
| Shares outstanding | 16012841 |
| Net asset value per share | $55.81 |
| **Class R** |  |
| Net assets | $165679442 |
| Shares outstanding | 3009108 |
| Net asset value per share | $55.06 |
| **Class S** |  |
| Net assets | $71377152 |
| Shares outstanding | 1297852 |
| Net asset value per share | $55.00 |

---

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

Columbia Balanced 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 | $36126964 |
| Dividends — affiliated issuers | 7711886 |
| Interest | 84466608 |
| Interfund lending | 452 |
| Total income | 128305910 |
| Expenses: |  |
| Management services fees | 28630892 |
| Distribution and/or service fees |  |
| Class A | 5260198 |
| Class C | 4874495 |
| Class R | 412767 |
| Transfer agent fees |  |
| Class A | 1741302 |
| Class C | 403436 |
| Institutional Class | 1366701 |
| Institutional 2 Class | 145915 |
| Institutional 3 Class | 20653 |
| Class R | 68298 |
| Class S | 30125 |
| Custodian fees | 42932 |
| Printing and postage fees | 149980 |
| Registration fees | 111646 |
| Accounting services fees | 21445 |
| Legal fees | 86994 |
| Interest on collateral | 10499 |
| Compensation of chief compliance officer | 819 |
| Compensation of board members | 57865 |
| Deferred compensation of board members | 36044 |
| Other | 70571 |
| Total expenses | 43543577 |
| Expense reduction | (600)<br>|
| Total net expenses | 43542977 |
| **Net investment income** | 84762933 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 422770242 |
| Investments — affiliated issuers | 17354 |
| Foreign currency translations | (191678)<br>|
| Futures contracts | 9345578 |
| Net realized gain | 431941496 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | (83173816)<br>|
| Investments — affiliated issuers | 14762 |
| Futures contracts | 1504442 |
| Net change in unrealized appreciation (depreciation) | (81654612)<br>|
| Net realized and unrealized gain | 350286884 |
| **Net increase in net assets resulting from operations** | **$435049817** |

---

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

Columbia Balanced 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 | $84762933 | &nbsp;&nbsp; $169607678 |
| Net realized gain | 431941496 | &nbsp;&nbsp; 295683919 |
| Net change in unrealized appreciation (depreciation) | (81654612)<br>| &nbsp;&nbsp; 520270811 |
| Net increase in net assets resulting from operations | 435049817 | &nbsp;&nbsp; 985562408 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (219706114)<br>| &nbsp;&nbsp; (281870095)<br>|
| Advisor Class |  | &nbsp;&nbsp; (2316441)<br>|
| Class C | (47524941)<br>| &nbsp;&nbsp; (64479951)<br>|
| Institutional Class | (176352454)<br>| &nbsp;&nbsp; (230759545)<br>|
| Institutional 2 Class | (29759401)<br>| &nbsp;&nbsp; (37396285)<br>|
| Institutional 3 Class | (48309732)<br>| &nbsp;&nbsp; (61214722)<br>|
| Class R | (8530694)<br>| &nbsp;&nbsp; (10829588)<br>|
| Class S | (3895755)<br>| &nbsp;&nbsp; (5347716)<br>|
| Total distributions to shareholders | (534079091)<br>| &nbsp;&nbsp; (694214343)<br>|
| Increase in net assets from capital stock activity | 103678368 | &nbsp;&nbsp; 134354934 |
| Total increase in net assets | 4649094 | &nbsp;&nbsp; 425702999 |
| Net assets at beginning of period | 10087661561 | &nbsp;&nbsp; 9661958562 |
| **Net assets at end of period** | **$10092310655** | &nbsp;&nbsp; **$10087661561** |

---

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

Columbia Balanced 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 | 3253046 | &nbsp;&nbsp;&nbsp;&nbsp; 182129213 | &nbsp;&nbsp;&nbsp;&nbsp; 8328003 | &nbsp;&nbsp;&nbsp;&nbsp; 440242758 |
| Distributions reinvested | 3839603 | &nbsp;&nbsp;&nbsp;&nbsp; 211061420 | &nbsp;&nbsp;&nbsp;&nbsp; 5133355 | &nbsp;&nbsp;&nbsp;&nbsp; 270312499 |
| Shares redeemed | (5694885)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (318703524)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (12156618)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (640892025)<br>|
| Net increase | 1397764 | &nbsp;&nbsp;&nbsp;&nbsp; 74487109 | &nbsp;&nbsp;&nbsp;&nbsp; 1304740 | &nbsp;&nbsp;&nbsp;&nbsp; 69663232 |
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 340381 | &nbsp;&nbsp;&nbsp;&nbsp; 18653875 |
| Distributions reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 42589 | &nbsp;&nbsp;&nbsp;&nbsp; 2315990 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8432138)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (467087773)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8049168)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (446117908)<br>|
| Class C |  |  |  |  |
| Shares sold | 1414596 | &nbsp;&nbsp;&nbsp;&nbsp; 78810053 | &nbsp;&nbsp;&nbsp;&nbsp; 3088487 | &nbsp;&nbsp;&nbsp;&nbsp; 162399003 |
| Distributions reinvested | 850061 | &nbsp;&nbsp;&nbsp;&nbsp; 46452670 | &nbsp;&nbsp;&nbsp;&nbsp; 1197160 | &nbsp;&nbsp;&nbsp;&nbsp; 62791935 |
| Shares redeemed | (2384169)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (132567657)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6104063)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (320245154)<br>|
| Net decrease | (119512)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7304934)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1818416)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (95054216)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 4229813 | &nbsp;&nbsp;&nbsp;&nbsp; 235919427 | &nbsp;&nbsp;&nbsp;&nbsp; 17838152 | &nbsp;&nbsp;&nbsp;&nbsp; 956318205 |
| Distributions reinvested | 2761241 | &nbsp;&nbsp;&nbsp;&nbsp; 151354817 | &nbsp;&nbsp;&nbsp;&nbsp; 3773192 | &nbsp;&nbsp;&nbsp;&nbsp; 198004593 |
| Shares redeemed | (6417844)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (359193652)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (13683870)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (718109488)<br>|
| Net increase | 573210 | &nbsp;&nbsp;&nbsp;&nbsp; 28080592 | &nbsp;&nbsp;&nbsp;&nbsp; 7927474 | &nbsp;&nbsp;&nbsp;&nbsp; 436213310 |
| Institutional 2 Class |  |  |  |  |
| Shares sold | 723497 | &nbsp;&nbsp;&nbsp;&nbsp; 40397983 | &nbsp;&nbsp;&nbsp;&nbsp; 2438664 | &nbsp;&nbsp;&nbsp;&nbsp; 129720888 |
| Distributions reinvested | 538793 | &nbsp;&nbsp;&nbsp;&nbsp; 29561131 | &nbsp;&nbsp;&nbsp;&nbsp; 711435 | &nbsp;&nbsp;&nbsp;&nbsp; 37364303 |
| Shares redeemed | (1155703)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (64496339)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2252719)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (118805529)<br>|
| Net increase | 106587 | &nbsp;&nbsp;&nbsp;&nbsp; 5462775 | &nbsp;&nbsp;&nbsp;&nbsp; 897380 | &nbsp;&nbsp;&nbsp;&nbsp; 48279662 |
| Institutional 3 Class |  |  |  |  |
| Shares sold | 1401972 | &nbsp;&nbsp;&nbsp;&nbsp; 79050026 | &nbsp;&nbsp;&nbsp;&nbsp; 3403213 | &nbsp;&nbsp;&nbsp;&nbsp; 180856454 |
| Distributions reinvested | 565788 | &nbsp;&nbsp;&nbsp;&nbsp; 31468043 | &nbsp;&nbsp;&nbsp;&nbsp; 1035176 | &nbsp;&nbsp;&nbsp;&nbsp; 55070871 |
| Shares redeemed | (1930542)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (109215675)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3467457)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (185066227)<br>|
| Net increase | 37218 | &nbsp;&nbsp;&nbsp;&nbsp; 1302394 | &nbsp;&nbsp;&nbsp;&nbsp; 970932 | &nbsp;&nbsp;&nbsp;&nbsp; 50861098 |
| Class R |  |  |  |  |
| Shares sold | 196029 | &nbsp;&nbsp;&nbsp;&nbsp; 10965353 | &nbsp;&nbsp;&nbsp;&nbsp; 439888 | &nbsp;&nbsp;&nbsp;&nbsp; 23145548 |
| Distributions reinvested | 153336 | &nbsp;&nbsp;&nbsp;&nbsp; 8424926 | &nbsp;&nbsp;&nbsp;&nbsp; 201820 | &nbsp;&nbsp;&nbsp;&nbsp; 10634234 |
| Shares redeemed | (278540)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15699982)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (671160)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (35435873)<br>|
| Net increase (decrease) | 70825 | &nbsp;&nbsp;&nbsp;&nbsp; 3690297 | &nbsp;&nbsp;&nbsp;&nbsp; (29452)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1656091)<br>|
| Class S |  |  |  |  |
| Shares sold | 19294 | &nbsp;&nbsp;&nbsp;&nbsp; 1081966 | &nbsp;&nbsp;&nbsp;&nbsp; 1530627 | &nbsp;&nbsp;&nbsp;&nbsp; 82599968 |
| Distributions reinvested | 71059 | &nbsp;&nbsp;&nbsp;&nbsp; 3895755 | &nbsp;&nbsp;&nbsp;&nbsp; 102038 | &nbsp;&nbsp;&nbsp;&nbsp; 5347716 |
| Shares redeemed | (125367)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7017586)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (299799)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15781837)<br>|
| Net increase (decrease) | (35014)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2039865)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1332866 | &nbsp;&nbsp;&nbsp;&nbsp; 72165847 |
| **Total net increase** | **2031078** | &nbsp;&nbsp;&nbsp;&nbsp; **103678368** | &nbsp;&nbsp;&nbsp;&nbsp; **2536356** | &nbsp;&nbsp;&nbsp;&nbsp; **134354934** |

---

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

Columbia Balanced 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>**(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) | $55.72 | 0.45 | 1.94 | 2.39 | &nbsp;&nbsp; (0.48)<br>| &nbsp;&nbsp; (2.50)<br>| &nbsp;&nbsp; (2.98)<br>|
| Year Ended 8/31/2025 | $54.10 | 0.90 | 4.57 | 5.47 | &nbsp;&nbsp; (0.95)<br>| &nbsp;&nbsp; (2.90)<br>| &nbsp;&nbsp; (3.85)<br>|
| Year Ended 8/31/2024 | $45.94 | 0.93 | 8.12 | 9.05 | &nbsp;&nbsp; (0.89)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.89)<br>|
| Year Ended 8/31/2023 | $43.97 | 0.71 | 3.46 | 4.17 | &nbsp;&nbsp; (0.64)<br>| &nbsp;&nbsp; (1.56)<br>| &nbsp;&nbsp; (2.20)<br>|
| Year Ended 8/31/2022 | $54.93 | 0.40 | &nbsp;&nbsp; (6.73)<br>| &nbsp;&nbsp; (6.33)<br>| &nbsp;&nbsp; (0.34)<br>| &nbsp;&nbsp; (4.29)<br>| &nbsp;&nbsp; (4.63)<br>|
| Year Ended 8/31/2021 | $47.73 | 0.36 | 9.19 | 9.55 | &nbsp;&nbsp; (0.37)<br>| &nbsp;&nbsp; (1.98)<br>| &nbsp;&nbsp; (2.35)<br>|
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | $55.36 | 0.24 | 1.93 | 2.17 | &nbsp;&nbsp; (0.27)<br>| &nbsp;&nbsp; (2.50)<br>| &nbsp;&nbsp; (2.77)<br>|
| Year Ended 8/31/2025 | $53.77 | 0.50 | 4.55 | 5.05 | &nbsp;&nbsp; (0.56)<br>| &nbsp;&nbsp; (2.90)<br>| &nbsp;&nbsp; (3.46)<br>|
| Year Ended 8/31/2024 | $45.67 | 0.56 | 8.07 | 8.63 | &nbsp;&nbsp; (0.53)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.53)<br>|
| Year Ended 8/31/2023 | $43.72 | 0.38 | 3.44 | 3.82 | &nbsp;&nbsp; (0.31)<br>| &nbsp;&nbsp; (1.56)<br>| &nbsp;&nbsp; (1.87)<br>|
| Year Ended 8/31/2022 | $54.68 | 0.03 | &nbsp;&nbsp; (6.69)<br>| &nbsp;&nbsp; (6.66)<br>| &nbsp;&nbsp; (0.01)<br>| &nbsp;&nbsp; (4.29)<br>| &nbsp;&nbsp; (4.30)<br>|
| Year Ended 8/31/2021 | $47.56 | &nbsp;&nbsp; (0.02)<br>| 9.16 | 9.14 | &nbsp;&nbsp; (0.04)<br>| &nbsp;&nbsp; (1.98)<br>| &nbsp;&nbsp; (2.02)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $55.58 | 0.52 | 1.94 | 2.46 | &nbsp;&nbsp; (0.55)<br>| &nbsp;&nbsp; (2.50)<br>| &nbsp;&nbsp; (3.05)<br>|
| Year Ended 8/31/2025 | $53.98 | 1.03 | 4.55 | 5.58 | &nbsp;&nbsp; (1.08)<br>| &nbsp;&nbsp; (2.90)<br>| &nbsp;&nbsp; (3.98)<br>|
| Year Ended 8/31/2024 | $45.83 | 1.05 | 8.11 | 9.16 | &nbsp;&nbsp; (1.01)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.01)<br>|
| Year Ended 8/31/2023 | $43.87 | 0.81 | 3.45 | 4.26 | &nbsp;&nbsp; (0.74)<br>| &nbsp;&nbsp; (1.56)<br>| &nbsp;&nbsp; (2.30)<br>|
| Year Ended 8/31/2022 | $54.83 | 0.52 | &nbsp;&nbsp; (6.72)<br>| &nbsp;&nbsp; (6.20)<br>| &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (4.29)<br>| &nbsp;&nbsp; (4.76)<br>|
| Year Ended 8/31/2021 | $47.65 | 0.48 | 9.17 | 9.65 | &nbsp;&nbsp; (0.49)<br>| &nbsp;&nbsp; (1.98)<br>| &nbsp;&nbsp; (2.47)<br>|
| **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) | $55.63 | 0.53 | 1.94 | 2.47 | &nbsp;&nbsp; (0.56)<br>| &nbsp;&nbsp; (2.50)<br>| &nbsp;&nbsp; (3.06)<br>|
| Year Ended 8/31/2025 | $54.02 | 1.05 | 4.56 | 5.61 | &nbsp;&nbsp; (1.10)<br>| &nbsp;&nbsp; (2.90)<br>| &nbsp;&nbsp; (4.00)<br>|
| Year Ended 8/31/2024 | $45.87 | 1.07 | 8.10 | 9.17 | &nbsp;&nbsp; (1.02)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.02)<br>|
| Year Ended 8/31/2023 | $43.91 | 0.83 | 3.45 | 4.28 | &nbsp;&nbsp; (0.76)<br>| &nbsp;&nbsp; (1.56)<br>| &nbsp;&nbsp; (2.32)<br>|
| Year Ended 8/31/2022 | $54.87 | 0.53 | &nbsp;&nbsp; (6.71)<br>| &nbsp;&nbsp; (6.18)<br>| &nbsp;&nbsp; (0.49)<br>| &nbsp;&nbsp; (4.29)<br>| &nbsp;&nbsp; (4.78)<br>|
| Year Ended 8/31/2021 | $47.68 | 0.50 | 9.18 | 9.68 | &nbsp;&nbsp; (0.51)<br>| &nbsp;&nbsp; (1.98)<br>| &nbsp;&nbsp; (2.49)<br>|
| **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) | $56.37 | 0.55 | 1.96 | 2.51 | &nbsp;&nbsp; (0.57)<br>| &nbsp;&nbsp; (2.50)<br>| &nbsp;&nbsp; (3.07)<br>|
| Year Ended 8/31/2025 | $54.69 | 1.09 | 4.61 | 5.70 | &nbsp;&nbsp; (1.12)<br>| &nbsp;&nbsp; (2.90)<br>| &nbsp;&nbsp; (4.02)<br>|
| Year Ended 8/31/2024 | $46.42 | 1.11 | 8.21 | 9.32 | &nbsp;&nbsp; (1.05)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.05)<br>|
| Year Ended 8/31/2023 | $44.41 | 0.86 | 3.49 | 4.35 | &nbsp;&nbsp; (0.78)<br>| &nbsp;&nbsp; (1.56)<br>| &nbsp;&nbsp; (2.34)<br>|
| Year Ended 8/31/2022 | $55.44 | 0.57 | &nbsp;&nbsp; (6.79)<br>| &nbsp;&nbsp; (6.22)<br>| &nbsp;&nbsp; (0.52)<br>| &nbsp;&nbsp; (4.29)<br>| &nbsp;&nbsp; (4.81)<br>|
| Year Ended 8/31/2021 | $48.15 | 0.53 | 9.27 | 9.80 | &nbsp;&nbsp; (0.53)<br>| &nbsp;&nbsp; (1.98)<br>| &nbsp;&nbsp; (2.51)<br>|

---

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

Columbia Balanced 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 (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** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $55.13 | &nbsp;&nbsp;&nbsp;&nbsp; 4.32%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.91% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.91% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.61% | &nbsp;&nbsp;&nbsp;&nbsp; 46% | &nbsp;&nbsp;&nbsp;&nbsp; $4188048 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $55.72 | &nbsp;&nbsp;&nbsp;&nbsp; 10.61%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.91% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.91% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.71% | &nbsp;&nbsp;&nbsp;&nbsp; 160% | &nbsp;&nbsp;&nbsp;&nbsp; $4154985 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $54.10 | &nbsp;&nbsp;&nbsp;&nbsp; 19.93%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.90% | &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $3963580 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $45.94 | &nbsp;&nbsp;&nbsp;&nbsp; 9.99%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.93% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.93% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.64% | &nbsp;&nbsp;&nbsp;&nbsp; 171% | &nbsp;&nbsp;&nbsp;&nbsp; $3260575 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $43.97 | &nbsp;&nbsp;&nbsp;&nbsp; (12.57%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.81% | &nbsp;&nbsp;&nbsp;&nbsp; 121% | &nbsp;&nbsp;&nbsp;&nbsp; $3085213 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $54.93 | &nbsp;&nbsp;&nbsp;&nbsp; 20.72%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.93% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.93% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.71% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $3553866 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $54.76 | &nbsp;&nbsp;&nbsp;&nbsp; 3.93%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.66% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.66% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.86% | &nbsp;&nbsp;&nbsp;&nbsp; 46% | &nbsp;&nbsp;&nbsp;&nbsp; $955675 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $55.36 | &nbsp;&nbsp;&nbsp;&nbsp; 9.79%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.66% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.66% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.96% | &nbsp;&nbsp;&nbsp;&nbsp; 160% | &nbsp;&nbsp;&nbsp;&nbsp; $972781 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $53.77 | &nbsp;&nbsp;&nbsp;&nbsp; 19.03%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.67% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.67% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.14% | &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $1042623 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $45.67 | &nbsp;&nbsp;&nbsp;&nbsp; 9.18%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.68% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.68% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.88% | &nbsp;&nbsp;&nbsp;&nbsp; 171% | &nbsp;&nbsp;&nbsp;&nbsp; $1057268 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $43.72 | &nbsp;&nbsp;&nbsp;&nbsp; (13.23%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.67% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.67% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.05% | &nbsp;&nbsp;&nbsp;&nbsp; 121% | &nbsp;&nbsp;&nbsp;&nbsp; $1224470 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $54.68 | &nbsp;&nbsp;&nbsp;&nbsp; 19.82%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.68% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.68% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; (0.04%)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $1616952 |
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $54.99 | &nbsp;&nbsp;&nbsp;&nbsp; 4.46%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.66% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.66% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.86% | &nbsp;&nbsp;&nbsp;&nbsp; 46% | &nbsp;&nbsp;&nbsp;&nbsp; $3266483 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $55.58 | &nbsp;&nbsp;&nbsp;&nbsp; 10.87%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.66% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.66% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.96% | &nbsp;&nbsp;&nbsp;&nbsp; 160% | &nbsp;&nbsp;&nbsp;&nbsp; $3270095 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $53.98 | &nbsp;&nbsp;&nbsp;&nbsp; 20.25%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.67% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.67% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.15% | &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $2747696 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $45.83 | &nbsp;&nbsp;&nbsp;&nbsp; 10.27%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.68% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.68% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.89% | &nbsp;&nbsp;&nbsp;&nbsp; 171% | &nbsp;&nbsp;&nbsp;&nbsp; $2126401 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $43.87 | &nbsp;&nbsp;&nbsp;&nbsp; (12.36%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 0.67% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.67% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.06% | &nbsp;&nbsp;&nbsp;&nbsp; 121% | &nbsp;&nbsp;&nbsp;&nbsp; $2100254 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $54.83 | &nbsp;&nbsp;&nbsp;&nbsp; 21.01%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.68% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.68% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.96% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $2458182 |
| **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; $55.04 | &nbsp;&nbsp;&nbsp;&nbsp; 4.48%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.63% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.89% | &nbsp;&nbsp;&nbsp;&nbsp; 46% | &nbsp;&nbsp;&nbsp;&nbsp; $551417 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $55.63 | &nbsp;&nbsp;&nbsp;&nbsp; 10.92%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.63% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.99% | &nbsp;&nbsp;&nbsp;&nbsp; 160% | &nbsp;&nbsp;&nbsp;&nbsp; $551448 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $54.02 | &nbsp;&nbsp;&nbsp;&nbsp; 20.27%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.64% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.18% | &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $486989 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $45.87 | &nbsp;&nbsp;&nbsp;&nbsp; 10.30%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.64% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.93% | &nbsp;&nbsp;&nbsp;&nbsp; 171% | &nbsp;&nbsp;&nbsp;&nbsp; $376116 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $43.91 | &nbsp;&nbsp;&nbsp;&nbsp; (12.32%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 0.64% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.09% | &nbsp;&nbsp;&nbsp;&nbsp; 121% | &nbsp;&nbsp;&nbsp;&nbsp; $333148 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $54.87 | &nbsp;&nbsp;&nbsp;&nbsp; 21.07%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.64% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.00% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $447431 |
| **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; $55.81 | &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.58% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.94% | &nbsp;&nbsp;&nbsp;&nbsp; 46% | &nbsp;&nbsp;&nbsp;&nbsp; $893632 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $56.37 | &nbsp;&nbsp;&nbsp;&nbsp; 10.97%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.58% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.04% | &nbsp;&nbsp;&nbsp;&nbsp; 160% | &nbsp;&nbsp;&nbsp;&nbsp; $900549 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $54.69 | &nbsp;&nbsp;&nbsp;&nbsp; 20.35%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.59% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.23% | &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $820549 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $46.42 | &nbsp;&nbsp;&nbsp;&nbsp; 10.35%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.60% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.98% | &nbsp;&nbsp;&nbsp;&nbsp; 171% | &nbsp;&nbsp;&nbsp;&nbsp; $672955 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $44.41 | &nbsp;&nbsp;&nbsp;&nbsp; (12.27%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 0.59% <br><sup>(c),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.15% | &nbsp;&nbsp;&nbsp;&nbsp; 121% | &nbsp;&nbsp;&nbsp;&nbsp; $650889 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $55.44 | &nbsp;&nbsp;&nbsp;&nbsp; 21.13%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.59% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.05% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $723074 |

---

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

Columbia Balanced 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>**(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 R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** |
| Six Months Ended 2/28/2026 (Unaudited) | $55.72 | 0.38 | 1.93 | 2.31 | &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; (2.50)<br>| &nbsp;&nbsp; (2.97)<br>|
| Year Ended 8/31/2025 | $54.10 | 0.77 | 4.57 | 5.34 | &nbsp;&nbsp; (0.82)<br>| &nbsp;&nbsp; (2.90)<br>| &nbsp;&nbsp; (3.72)<br>|
| Year Ended 8/31/2024 | $45.94 | 0.81 | 8.12 | 8.93 | &nbsp;&nbsp; (0.77)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.77)<br>|
| Year Ended 8/31/2023 | $43.97 | 0.60 | 3.46 | 4.06 | &nbsp;&nbsp; (0.53)<br>| &nbsp;&nbsp; (1.56)<br>| &nbsp;&nbsp; (2.09)<br>|
| Year Ended 8/31/2022 | $54.92 | 0.27 | &nbsp;&nbsp; (6.71)<br>| &nbsp;&nbsp; (6.44)<br>| &nbsp;&nbsp; (0.22)<br>| &nbsp;&nbsp; (4.29)<br>| &nbsp;&nbsp; (4.51)<br>|
| Year Ended 8/31/2021 | $47.73 | 0.23 | 9.18 | 9.41 | &nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp; (1.98)<br>| &nbsp;&nbsp; (2.22)<br>|
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | $55.59 | 0.52 | 1.94 | 2.46 | &nbsp;&nbsp; (0.55)<br>| &nbsp;&nbsp; (2.50)<br>| &nbsp;&nbsp; (3.05)<br>|
| Year Ended 8/31/2025<sup>(f)</sup> <br>| $54.06 | 0.93 | 4.29 | 5.22 | &nbsp;&nbsp; (0.79)<br>| &nbsp;&nbsp; (2.90)<br>| &nbsp;&nbsp; (3.69)<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) | Ratios include interest on collateral expense which is less than 0.01%. |
| (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) | Class S shares commenced operations on October 2, 2024. 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 Balanced 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 (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 R** | **Class R** | **Class R** | **Class R** | **Class R** | **Class R** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $55.06 | &nbsp;&nbsp;&nbsp;&nbsp; 4.18%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.16% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.16% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.36% | &nbsp;&nbsp;&nbsp;&nbsp; 46% | &nbsp;&nbsp;&nbsp;&nbsp; $165679 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $55.72 | &nbsp;&nbsp;&nbsp;&nbsp; 10.34%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.16% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.16% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.46% | &nbsp;&nbsp;&nbsp;&nbsp; 160% | &nbsp;&nbsp;&nbsp;&nbsp; $163708 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $54.10 | &nbsp;&nbsp;&nbsp;&nbsp; 19.63%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.17% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.17% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.65% | &nbsp;&nbsp;&nbsp;&nbsp; 200% | &nbsp;&nbsp;&nbsp;&nbsp; $160541 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $45.94 | &nbsp;&nbsp;&nbsp;&nbsp; 9.72%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.39% | &nbsp;&nbsp;&nbsp;&nbsp; 171% | &nbsp;&nbsp;&nbsp;&nbsp; $128460 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $43.97 | &nbsp;&nbsp;&nbsp;&nbsp; (12.78%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.17% <br><sup>(c),(e)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.17% <br><sup>(c),(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.56% | &nbsp;&nbsp;&nbsp;&nbsp; 121% | &nbsp;&nbsp;&nbsp;&nbsp; $114174 |
| Year Ended 8/31/2021 | &nbsp;&nbsp;&nbsp;&nbsp; $54.92 | &nbsp;&nbsp;&nbsp;&nbsp; 20.40%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.47% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $143562 |
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $55.00 | &nbsp;&nbsp;&nbsp;&nbsp; 4.46%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.66% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.66% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.86% | &nbsp;&nbsp;&nbsp;&nbsp; 46% | &nbsp;&nbsp;&nbsp;&nbsp; $71377 |
|  Year Ended 8/31/2025 <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $55.59 | &nbsp;&nbsp;&nbsp;&nbsp; 10.12%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.67% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.97% | &nbsp;&nbsp;&nbsp;&nbsp; 160% | &nbsp;&nbsp;&nbsp;&nbsp; $74096 |

---

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

Columbia Balanced Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Balanced Fund (the Fund), a series of Columbia Funds Series Trust I (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 and Class C shares are offered to the general public for investment. Class C shares automatically convert to Class A shares after 8 years. Institutional Class, Institutional 2 Class, Institutional 3 Class, Class R and Class S 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 Balanced Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

Asset- and mortgage-backed securities are generally valued by pricing services, which utilize pricing models that incorporate the securities' cash flow and loan performance data. These models also take into account available market data, including trades, market quotations, and benchmark yield curves for identical or similar securities. Factors used to identify similar securities may include, but are not limited to, issuer, collateral type, vintage, prepayment speeds, collateral performance, credit ratings, credit enhancement and expected life. Asset-backed securities for which quotations are readily available may also be valued based upon an over-the-counter or exchange 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.

Senior loan securities for which reliable market quotations are readily available are generally valued by pricing services at the average of the bids received.

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.

Futures and options on futures contracts are valued based upon the settlement price at the close of regular trading on their principal exchanges or, in the absence of a settlement price, at the mean of the latest quoted bid and ask prices.

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.

Columbia Balanced Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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 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

Columbia Balanced Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

**Futures contracts**

Futures contracts are exchange-traded and represent commitments for the future purchase or sale of an asset at a specified price on a specified date. The Fund bought and sold futures contracts to manage its exposure to the securities markets or to movements in interest rates and currency values. A Fund invests in futures contracts as part of its primary investment strategy and/or to equitize its cash flows. Investments in futures contracts may increase or decrease exposure to a particular market. These instruments may be used for other purposes in future periods. Upon entering into futures contracts, the Fund bears risks that it may not achieve the anticipated benefits of the futures contracts and may realize a loss. Additional risks include counterparty credit risk, the possibility of an illiquid market, and that a change in the value of the contract or option may not correlate with changes in the value of the underlying asset.

Upon entering into a futures contract, the Fund deposits cash or securities with the broker, known as a futures commission merchant (FCM), in an amount sufficient to meet the initial margin requirement. The initial margin deposit must be maintained at an established level over the life of the contract. Cash deposited as initial margin is recorded in the Statement of Assets and Liabilities as margin deposits. Securities deposited as initial margin are designated in the Portfolio of Investments. Subsequent payments (variation margin) are made or received by the Fund each day. The variation margin payments are equal to the daily change in the contract value and are recorded as variation margin receivable or payable and are offset in unrealized gains or losses. The Fund generally expects to earn interest income on its margin deposits. The Fund recognizes a realized gain or loss when the contract is closed or expires. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed in the Statement of Assets and Liabilities.

Columbia Balanced Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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:

---

| | | |
|:---|:---|:---|
|  | **Asset derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 4,946,854<br> \*<br>|

---

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

---

| | | |
|:---|:---|:---|
|  | **Liability derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 519,371<br> \*<br>|

---

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

\* Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day's variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of Assets and Liabilities.

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** | **Futures** <br>**contracts** <br>**($)**<br>|
| Interest rate risk | &nbsp;&nbsp; 9345578 |
| **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** |
| **Risk exposure category** | **Futures** <br>**contracts** <br>**($)**<br>|
| Interest rate risk | &nbsp;&nbsp; 1504442 |

---

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 notional** <br>**amounts ($)**<br>|
| Futures contracts — long | 854876262 |
| Futures contracts — short | 444269897 |

---

**Investments in senior loans** 

The Fund may invest in senior loan assignments. When the Fund purchases an assignment of a senior loan, the Fund typically has direct rights against the borrower; provided, however, that the Fund's rights may be more limited than the lender from which it acquired the assignment and the Fund may be able to enforce its rights only through an administrative agent. Although certain senior loan assignments are secured by collateral, the Fund could experience delays or limitations in realizing such collateral or have its interest subordinated to other indebtedness of the obligor. In the event that the administrator or collateral agent of a loan becomes insolvent or enters into receivership or bankruptcy, the Fund may incur costs and delays in realizing payment or may suffer a loss of principal and/or interest. The risk of loss is greater for

Columbia Balanced Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

unsecured or subordinated loans. In addition, senior loan assignments are vulnerable to market, economic or other conditions or events that may reduce the demand for senior loan assignments and certain senior loan assignments which were liquid when purchased, may become illiquid.

The Fund may enter into senior loan assignments where all or a portion of the loan may be unfunded. The Fund is obligated to fund these commitments at the borrower's discretion. These commitments, if any, are generally traded and priced in the same manner as other senior loan securities and are disclosed as unfunded senior loan commitments in the Fund's Portfolio of Investments with a corresponding payable for investments purchased on a delayed delivery basis. The Fund designates cash or liquid securities to cover these commitments.

**Asset- and mortgage-backed securities** 

The Fund may invest in asset-backed and mortgage-backed securities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. All, or a portion, of the obligation may be prepaid at any time because the underlying asset may be prepaid. As a result, decreasing market interest rates could result in an increased level of prepayment. An increased prepayment rate will have the effect of shortening the maturity of the security. Unless otherwise noted, the coupon rates presented are fixed rates.

**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.

**To be announced securities** 

The Fund may trade securities on a To Be Announced (TBA) basis. As with other delayed-delivery transactions, a seller agrees to issue a TBA security at a future date. However, the seller does not specify the particular securities to be delivered. Instead, the Fund agrees to accept any security that meets specified terms.

In some cases, Master Securities Forward Transaction Agreements (MSFTAs) may be used to govern transactions of certain forward-settling agency mortgage-backed securities, such as delayed-delivery and TBAs, between the Fund and counterparty. The MSFTA maintains provisions for, among other things, initiation and confirmation, payment and transfer, events of default, termination, and maintenance of collateral relating to such transactions.

**Mortgage dollar roll transactions**

The Fund may enter into mortgage "dollar rolls" in which the Fund sells securities for delivery in the current month and simultaneously contracts with the same counterparty to repurchase similar but not identical securities (same type, coupon and maturity) on a specified future date. These transactions may increase the Fund's portfolio turnover rate. During the roll period, the Fund loses the right to receive principal and interest paid on the securities sold. However, the Fund may benefit because it receives negotiated amounts in the form of reductions of the purchase price for the future purchase plus the interest earned on the cash proceeds of the securities sold until the settlement date of the forward purchase. The Fund records the incremental difference between the forward purchase and sale of each forward roll as a realized gain or loss. Unless any realized gains exceed the income, capital appreciation, and gain or loss due to mortgage prepayments that would have been realized on the securities sold as part of the mortgage dollar roll, the use of this technique may diminish the investment performance of the Fund compared to what the performance would have been without the use of mortgage dollar rolls. Mortgage dollar rolls involve the risk that the market value of the securities the Fund is obligated to repurchase may decline below the repurchase price, or that the counterparty may default on its obligations. All cash proceeds will be invested in instruments that are permissible investments for the Fund. The Fund identifies cash or liquid securities in an amount equal to the forward purchase price. The Fund does not currently enter into mortgage dollar rolls that are accounted for as financing transactions.

Columbia Balanced Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Interest only and principal only securities** 

The Fund may invest in Interest Only (IO) or Principal Only (PO) securities. IOs are stripped securities entitled to receive all of the security's interest, but none of its principal. IOs are particularly sensitive to changes in interest rates and therefore subject to greater fluctuations in price than typical interest bearing debt securities. IOs are also subject to credit risk because the Fund may not receive all or part of the interest payments if the issuer, obligor, guarantor or counterparty defaults on its obligation. Payments received for IOs are included in interest income in the Statement of Operations. Because no principal will be received at the maturity of an IO, adjustments are made to the cost of the security on a monthly basis until maturity. These adjustments are included in interest income in the Statement of Operations. POs are stripped securities entitled to receive the principal from the underlying obligation, but not the interest. POs are particularly sensitive to changes in interest rates and therefore are subject to fluctuations in price. POs are also subject to credit risk because the Fund may not receive all or part of its principal if the issuer, obligor, guarantor or counterparty defaults on its obligation. The Fund may also invest in IO or PO stripped mortgage-backed securities. Payments received for POs are treated as reductions to the cost and par value of the securities.

**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.

The trade date for senior loans purchased in the primary market is the date on which the loan is allocated. The trade date for senior loans purchased in the secondary market is the date on which the transaction is entered into.

**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 classifies gains and losses realized on prepayments received on mortgage-backed securities as adjustments to interest income.

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.

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.

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.

Columbia Balanced Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

The Fund may receive other income from senior loans, including amendment fees, consent fees and commitment fees. These fees are recorded as income when received by the Fund. These amounts are included in Interest Income in the Statement of Operations.

**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 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

Columbia Balanced Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 0.72% to 0.5075% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.5623% 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.

**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 | 0.08 |
| Class C | 0.08 |
| Institutional Class | 0.08 |
| Institutional 2 Class | 0.05 |
| Institutional 3 Class | 0.00 |
| Class R | 0.08 |
| Class S | 0.08 |

---

Columbia Balanced Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 $600.

**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, distribution and shareholder service plans (the Plans) applicable to certain share classes, which set 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 Plans, the Fund pays a monthly service fee to the Distributor at the maximum annual rate of 0.25% of the average daily net assets attributable to Class A and Class C shares of the Fund. Also under the Plans, the Fund pays a monthly distribution fee to the Distributor at the maximum annual rates of 0.10%, 0.75% and 0.50% of the average daily net assets attributable to Class A, Class C and Class R shares of the Fund, respectively.

Although the Fund may pay distribution and service fees up to a maximum annual rate of 0.35% of the Fund's average daily net assets attributable to Class A shares (comprised of up to 0.10% for distribution services and up to 0.25% for shareholder services), the Fund currently limits such fees to an aggregate fee of not more than 0.25% of the Fund's average daily net assets attributable to Class A shares.

**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; 1761469 |
| Class C | —<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.00 <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 36864 |

---

&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.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This charge applies to redemptions within 12 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;1.06 |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.81 |
| 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;0.81 |
| 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 |
| 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.73 |
| 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.31 |
| Class S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.81 |

---

Columbia Balanced 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>|
| 7097445000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3241509000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (54493000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3187016000 |

---

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 $4,625,055,237 and $5,063,291,502, respectively, for the six months ended February 28, 2026, of which $2,347,262,472 and $2,495,498,492, respectively, were U.S. government securities. 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 Balanced 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>|
| Lender | 1650000 | &nbsp;&nbsp;&nbsp;&nbsp;4.93 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |

---

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.

Columbia Balanced Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 37.6% 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 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 Balanced Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

**Columbia Balanced Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787img602734172.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/

SAR120_08_T01_(04/26)

------

![](g469787img3dc96c8f1.jpg)

Multi-Manager Total Return Bond Strategies 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_6bf17cea-4f56-4050-84b5-76c81fecebac_POI-CommonContent-Date-14_1) | 3 |
| [Statement of Assets and Liabilities](#xx_6bf17cea-4f56-4050-84b5-76c81fecebac_FS-CommonContent-Date-14_1) | 93 |
| [Statement of Operations](#xx_6bf17cea-4f56-4050-84b5-76c81fecebac_FS-CommonContent-Date-14_2) | 94 |
| [Statement of Changes in Net Assets](#xx_6bf17cea-4f56-4050-84b5-76c81fecebac_FS-CommonContent-Date-14_3) | 95 |
| [Financial Highlights](#xx_6bf17cea-4f56-4050-84b5-76c81fecebac_FIHI-CommonContent-Date-14_1) | 96 |
| [Notes to Financial Statements](#xx_6bf17cea-4f56-4050-84b5-76c81fecebac_NTF-CommonContent-Date-14_1) | 97 |
| [Approval of Subadvisory Agreement](#xx_6bf17cea-4f56-4050-84b5-76c81fecebac_CCH-CommonContent-Date-14_1) | 114 |

---

Multi-Manager Total Return Bond Strategies 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;

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **12.4%** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **12.4%** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **12.4%** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **12.4%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| AB BSL CLO Ltd.<sup>(b),(c)</sup>  | AB BSL CLO Ltd.<sup>(b),(c)</sup>  | AB BSL CLO Ltd.<sup>(b),(c)</sup>  | AB BSL CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2025-6A Class A | Series 2025-6A Class A | Series 2025-6A Class A | Series 2025-6A Class A |
| 3-month Term SOFR + 1.430% <br>Floor 1.430% <br>07/20/2037<br>| &nbsp;&nbsp; 5.098% | 11800000 | &nbsp;&nbsp; 11832485 |
| Affirm Asset Securitization Trust<sup>(b)</sup>  | Affirm Asset Securitization Trust<sup>(b)</sup>  | Affirm Asset Securitization Trust<sup>(b)</sup>  | Affirm Asset Securitization Trust<sup>(b)</sup>  |
| Series 2024-X2 Class B | Series 2024-X2 Class B | Series 2024-X2 Class B | Series 2024-X2 Class B |
| 12/17/2029 | &nbsp;&nbsp; 5.330% | 3811037 | &nbsp;&nbsp; 3812760 |
| Series 2024-X2 Class C | Series 2024-X2 Class C | Series 2024-X2 Class C | Series 2024-X2 Class C |
| 12/17/2029 | &nbsp;&nbsp; 5.620% | 6300000 | &nbsp;&nbsp; 6309601 |
| Series 2025-X2 Class C | Series 2025-X2 Class C | Series 2025-X2 Class C | Series 2025-X2 Class C |
| 10/15/2030 | &nbsp;&nbsp; 4.930% | 2400000 | &nbsp;&nbsp; 2409189 |
| Affirm Master Trust<sup>(b)</sup>  | Affirm Master Trust<sup>(b)</sup>  | Affirm Master Trust<sup>(b)</sup>  | Affirm Master Trust<sup>(b)</sup>  |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 02/15/2033 | &nbsp;&nbsp; 4.990% | 5300000 | &nbsp;&nbsp; 5339419 |
| Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A |
| 07/15/2033 | &nbsp;&nbsp; 4.670% | 2035000 | &nbsp;&nbsp; 2049408 |
| Series 2025-3A Class A | Series 2025-3A Class A | Series 2025-3A Class A | Series 2025-3A Class A |
| 10/16/2034 | &nbsp;&nbsp; 4.450% | 5100000 | &nbsp;&nbsp; 5144277 |
| AGL CLO 17 Ltd.<sup>(b),(c)</sup>  | AGL CLO 17 Ltd.<sup>(b),(c)</sup>  | AGL CLO 17 Ltd.<sup>(b),(c)</sup>  | AGL CLO 17 Ltd.<sup>(b),(c)</sup>  |
| Series 2022-17A Class AR | Series 2022-17A Class AR | Series 2022-17A Class AR | Series 2022-17A Class AR |
| 3-month Term SOFR + 0.950% <br>Floor 0.950% <br>01/21/2035<br>| &nbsp;&nbsp; 4.620% | 8400000 | &nbsp;&nbsp; 8401277 |
| Aligned Data Centers Issuer LLC<sup>(b)</sup>  | Aligned Data Centers Issuer LLC<sup>(b)</sup>  | Aligned Data Centers Issuer LLC<sup>(b)</sup>  | Aligned Data Centers Issuer LLC<sup>(b)</sup>  |
| Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 |
| 08/15/2046 | &nbsp;&nbsp; 1.937% | 5080000 | &nbsp;&nbsp; 5020098 |
| Series 2022-1A Class A2 | Series 2022-1A Class A2 | Series 2022-1A Class A2 | Series 2022-1A Class A2 |
| 10/15/2047 | &nbsp;&nbsp; 6.350% | 8000000 | &nbsp;&nbsp; 8020410 |
| Allegro CLO X Ltd.<sup>(b),(c)</sup>  | Allegro CLO X Ltd.<sup>(b),(c)</sup>  | Allegro CLO X Ltd.<sup>(b),(c)</sup>  | Allegro CLO X Ltd.<sup>(b),(c)</sup>  |
| Series 2019-1A Class ARR | Series 2019-1A Class ARR | Series 2019-1A Class ARR | Series 2019-1A Class ARR |
| 3-month Term SOFR + 1.130% <br>Floor 1.130% <br>04/20/2032<br>| &nbsp;&nbsp; 4.798% | 2613073 | &nbsp;&nbsp; 2613603 |
| Ally Auto Receivables Trust | Ally Auto Receivables Trust | Ally Auto Receivables Trust | Ally Auto Receivables Trust |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 03/15/2030 | &nbsp;&nbsp; 3.960% | 1620000 | &nbsp;&nbsp; 1625169 |
| American Credit Acceptance Receivables Trust<sup>(b)</sup>  | American Credit Acceptance Receivables Trust<sup>(b)</sup>  | American Credit Acceptance Receivables Trust<sup>(b)</sup>  | American Credit Acceptance Receivables Trust<sup>(b)</sup>  |
| Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C |
| 03/12/2031 | &nbsp;&nbsp; 5.110% | 2280000 | &nbsp;&nbsp; 2304903 |
| Series 2026-1 Class C | Series 2026-1 Class C | Series 2026-1 Class C | Series 2026-1 Class C |
| 01/12/2033 | &nbsp;&nbsp; 4.550% | 5550000 | &nbsp;&nbsp; 5580488 |
| Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C |
| 10/12/2029 | &nbsp;&nbsp; 6.440% | 708364 | &nbsp;&nbsp; 710926 |
| Americredit Automobile Receivables Trust | Americredit Automobile Receivables Trust | Americredit Automobile Receivables Trust | Americredit Automobile Receivables Trust |
| Subordinated Series 2023-1 Class B | Subordinated Series 2023-1 Class B | Subordinated Series 2023-1 Class B | Subordinated Series 2023-1 Class B |
| 03/20/2028 | &nbsp;&nbsp; 5.570% | 3130000 | &nbsp;&nbsp; 3152586 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust | AmeriCredit Automobile Receivables Trust |
| Series 2023-2 Class B | Series 2023-2 Class B | Series 2023-2 Class B | Series 2023-2 Class B | Series 2023-2 Class B |
| 07/18/2029 | &nbsp;&nbsp; 5.840% |  | 4505000 | &nbsp;&nbsp; 4581316 |
| Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 |
| 01/18/2029 | &nbsp;&nbsp; 5.430% |  | 2708746 | &nbsp;&nbsp; 2727987 |
| Subordinated Series 2021-3 Class C | Subordinated Series 2021-3 Class C | Subordinated Series 2021-3 Class C | Subordinated Series 2021-3 Class C | Subordinated Series 2021-3 Class C |
| 08/18/2027 | &nbsp;&nbsp; 1.410% |  | 995886 | &nbsp;&nbsp; 991622 |
| AMMC CLO Ltd.<sup>(b),(c)</sup>  | AMMC CLO Ltd.<sup>(b),(c)</sup>  | AMMC CLO Ltd.<sup>(b),(c)</sup>  | AMMC CLO Ltd.<sup>(b),(c)</sup>  | AMMC CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2023-26 Class A1R | Series 2023-26 Class A1R | Series 2023-26 Class A1R | Series 2023-26 Class A1R | Series 2023-26 Class A1R |
| 3-month Term SOFR + 1.270% <br>Floor 1.270% <br>04/15/2036<br>| &nbsp;&nbsp; 4.942% |  | 2200000 | &nbsp;&nbsp; 2203001 |
| Series 2024-28 Class A1A | Series 2024-28 Class A1A | Series 2024-28 Class A1A | Series 2024-28 Class A1A | Series 2024-28 Class A1A |
| 3-month Term SOFR + 1.550% <br>Cap 1.550% <br>07/20/2037<br>| &nbsp;&nbsp; 5.218% |  | 4670000 | &nbsp;&nbsp; 4682366 |
| Series 2025-31A Class B | Series 2025-31A Class B | Series 2025-31A Class B | Series 2025-31A Class B | Series 2025-31A Class B |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>02/20/2038<br>| &nbsp;&nbsp; 5.368% |  | 3270000 | &nbsp;&nbsp; 3282802 |
| Apidos CLO XVIII<sup>(b),(c)</sup>  | Apidos CLO XVIII<sup>(b),(c)</sup>  | Apidos CLO XVIII<sup>(b),(c)</sup>  | Apidos CLO XVIII<sup>(b),(c)</sup>  | Apidos CLO XVIII<sup>(b),(c)</sup>  |
| Series 2018-R2 Class A1R2 | Series 2018-R2 Class A1R2 | Series 2018-R2 Class A1R2 | Series 2018-R2 Class A1R2 | Series 2018-R2 Class A1R2 |
| 3-month Term SOFR + 1.330% <br>Floor 1.330% <br>01/22/2038<br>| &nbsp;&nbsp; 4.999% |  | 19000000 | &nbsp;&nbsp; 19068438 |
| Apidos CLO XXIV<sup>(b),(c)</sup>  | Apidos CLO XXIV<sup>(b),(c)</sup>  | Apidos CLO XXIV<sup>(b),(c)</sup>  | Apidos CLO XXIV<sup>(b),(c)</sup>  | Apidos CLO XXIV<sup>(b),(c)</sup>  |
| Series 2016-24A | Series 2016-24A | Series 2016-24A | Series 2016-24A | Series 2016-24A |
| 3-month Term SOFR + 2.312% <br>Floor 2.050% <br>10/20/2030<br>| &nbsp;&nbsp; 5.979% |  | 2900000 | &nbsp;&nbsp; 2904744 |
| Applebee's Funding LLC/IHOP Funding LLC<sup>(b)</sup>  | Applebee's Funding LLC/IHOP Funding LLC<sup>(b)</sup>  | Applebee's Funding LLC/IHOP Funding LLC<sup>(b)</sup>  | Applebee's Funding LLC/IHOP Funding LLC<sup>(b)</sup>  | Applebee's Funding LLC/IHOP Funding LLC<sup>(b)</sup>  |
| Series 2023-1A Class A2 | Series 2023-1A Class A2 | Series 2023-1A Class A2 | Series 2023-1A Class A2 | Series 2023-1A Class A2 |
| 03/05/2053 | &nbsp;&nbsp; 7.824% |  | 2750000 | &nbsp;&nbsp; 2786831 |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 06/07/2055 | &nbsp;&nbsp; 6.720% |  | 6795000 | &nbsp;&nbsp; 6905768 |
| Aqua Finance Trust<sup>(b)</sup>  | Aqua Finance Trust<sup>(b)</sup>  | Aqua Finance Trust<sup>(b)</sup>  | Aqua Finance Trust<sup>(b)</sup>  | Aqua Finance Trust<sup>(b)</sup>  |
| Series 2020-A Class C | Series 2020-A Class C | Series 2020-A Class C | Series 2020-A Class C | Series 2020-A Class C |
| 07/17/2046 | &nbsp;&nbsp; 3.970% |  | 4252702 | &nbsp;&nbsp; 4143818 |
| Series 2020-AA Class A | Series 2020-AA Class A | Series 2020-AA Class A | Series 2020-AA Class A | Series 2020-AA Class A |
| 07/17/2046 | &nbsp;&nbsp; 1.900% |  | 160613 | &nbsp;&nbsp; 157286 |
| Series 2021-A Class A | Series 2021-A Class A | Series 2021-A Class A | Series 2021-A Class A | Series 2021-A Class A |
| 07/17/2046 | &nbsp;&nbsp; 1.540% |  | 641405 | &nbsp;&nbsp; 594513 |
| Arbour CLO IV DAC<sup>(b),(c)</sup>  | Arbour CLO IV DAC<sup>(b),(c)</sup>  | Arbour CLO IV DAC<sup>(b),(c)</sup>  | Arbour CLO IV DAC<sup>(b),(c)</sup>  | Arbour CLO IV DAC<sup>(b),(c)</sup>  |
| Series 2025-4A Class BRRR | Series 2025-4A Class BRRR | Series 2025-4A Class BRRR | Series 2025-4A Class BRRR | Series 2025-4A Class BRRR |
| 3-month EURIBOR + 2.000% <br>Floor 2.000% <br>11/15/2039<br>| &nbsp;&nbsp; 3.984% | EUR | 4600000 | &nbsp;&nbsp; 5469461 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Ares LXII CLO Ltd.<sup>(b),(c)</sup>  | Ares LXII CLO Ltd.<sup>(b),(c)</sup>  | Ares LXII CLO Ltd.<sup>(b),(c)</sup>  | Ares LXII CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2021-62A Class BR | Series 2021-62A Class BR | Series 2021-62A Class BR | Series 2021-62A Class BR |
| 3-month Term SOFR + 1.500% <br>Floor 1.500% <br>01/25/2034<br>| &nbsp;&nbsp; 5.358% | 9000000 | &nbsp;&nbsp; 9008487 |
| Ares LXV CLO Ltd.<sup>(b),(c)</sup>  | Ares LXV CLO Ltd.<sup>(b),(c)</sup>  | Ares LXV CLO Ltd.<sup>(b),(c)</sup>  | Ares LXV CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2025-65A Class A1R | Series 2025-65A Class A1R | Series 2025-65A Class A1R | Series 2025-65A Class A1R |
| 3-month Term SOFR + 1.120% <br>Floor 1.120% <br>07/25/2034<br>| &nbsp;&nbsp; 4.788% | 8000000 | &nbsp;&nbsp; 8008712 |
| Ares XXVII CLO Ltd.<sup>(b),(c)</sup>  | Ares XXVII CLO Ltd.<sup>(b),(c)</sup>  | Ares XXVII CLO Ltd.<sup>(b),(c)</sup>  | Ares XXVII CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2024-2A Class AR3 | Series 2024-2A Class AR3 | Series 2024-2A Class AR3 | Series 2024-2A Class AR3 |
| 3-month Term SOFR + 1.150% <br>Floor 1.150% <br>10/28/2034<br>| &nbsp;&nbsp; 4.821% | 12110000 | &nbsp;&nbsp; 12110000 |
| Atlas Senior Loan Fund XXIII Ltd.<sup>(b),(c)</sup>  | Atlas Senior Loan Fund XXIII Ltd.<sup>(b),(c)</sup>  | Atlas Senior Loan Fund XXIII Ltd.<sup>(b),(c)</sup>  | Atlas Senior Loan Fund XXIII Ltd.<sup>(b),(c)</sup>  |
| 3-month Term SOFR + 1.530% <br>Floor 1.530% <br>07/20/2037<br>| &nbsp;&nbsp; 5.198% | 25000000 | &nbsp;&nbsp; 25072500 |
| AutoNation Finance Trust<sup>(b)</sup>  | AutoNation Finance Trust<sup>(b)</sup>  | AutoNation Finance Trust<sup>(b)</sup>  | AutoNation Finance Trust<sup>(b)</sup>  |
| Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 |
| 11/13/2029 | &nbsp;&nbsp; 4.620% | 1600000 | &nbsp;&nbsp; 1613552 |
| Series 2026-1A Class A3 | Series 2026-1A Class A3 | Series 2026-1A Class A3 | Series 2026-1A Class A3 |
| 08/12/2030 | &nbsp;&nbsp; 4.030% | 1185000 | &nbsp;&nbsp; 1191434 |
| Auxilior Term Funding LLC<sup>(b)</sup>  | Auxilior Term Funding LLC<sup>(b)</sup>  | Auxilior Term Funding LLC<sup>(b)</sup>  | Auxilior Term Funding LLC<sup>(b)</sup>  |
| Series 2023-1A Class A2 | Series 2023-1A Class A2 | Series 2023-1A Class A2 | Series 2023-1A Class A2 |
| 12/15/2028 | &nbsp;&nbsp; 6.180% | 137896 | &nbsp;&nbsp; 138322 |
| Avis Budget Rental Car Funding AESOP LLC<sup>(b)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(b)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(b)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(b)</sup>  |
| Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A |
| 02/22/2028 | &nbsp;&nbsp; 5.440% | 8020000 | &nbsp;&nbsp; 8101554 |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 06/20/2030 | &nbsp;&nbsp; 5.360% | 5325000 | &nbsp;&nbsp; 5538021 |
| Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A |
| 08/20/2031 | &nbsp;&nbsp; 5.120% | 670000 | &nbsp;&nbsp; 693567 |
| Subordinated Series 2021-2A Class C | Subordinated Series 2021-2A Class C | Subordinated Series 2021-2A Class C | Subordinated Series 2021-2A Class C |
| 02/20/2028 | &nbsp;&nbsp; 2.350% | 4000000 | &nbsp;&nbsp; 3927428 |
| Bain Capital CLO Ltd.<sup>(b),(c)</sup>  | Bain Capital CLO Ltd.<sup>(b),(c)</sup>  | Bain Capital CLO Ltd.<sup>(b),(c)</sup>  | Bain Capital CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/16/2037<br>| &nbsp;&nbsp; 5.221% | 3750000 | &nbsp;&nbsp; 3751478 |
| Bain Capital Credit CLO Ltd.<sup>(b),(c)</sup>  | Bain Capital Credit CLO Ltd.<sup>(b),(c)</sup>  | Bain Capital Credit CLO Ltd.<sup>(b),(c)</sup>  | Bain Capital Credit CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2017-2A Class CR3 | Series 2017-2A Class CR3 | Series 2017-2A Class CR3 | Series 2017-2A Class CR3 |
| 3-month Term SOFR + 2.200% <br>Floor 2.200% <br>07/25/2037<br>| &nbsp;&nbsp; 5.868% | 7000000 | &nbsp;&nbsp; 7012929 |
| Series 2020-2A Class AR3 | Series 2020-2A Class AR3 | Series 2020-2A Class AR3 | Series 2020-2A Class AR3 |
| 3-month Term SOFR + 0.980% <br>Floor 0.980% <br>07/19/2034<br>| &nbsp;&nbsp; 4.646% | 8400000 | &nbsp;&nbsp; 8401445 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2020-5A Class ARR | Series 2020-5A Class ARR | Series 2020-5A Class ARR | Series 2020-5A Class ARR |
| 3-month Term SOFR + 1.150% <br>Floor 1.150% <br>04/20/2034<br>| &nbsp;&nbsp; 4.818% | 7160000 | &nbsp;&nbsp; 7166773 |
| Series 2022-4A Class CR | Series 2022-4A Class CR | Series 2022-4A Class CR | Series 2022-4A Class CR |
| 3-month Term SOFR + 2.050% <br>Floor 2.050% <br>10/16/2037<br>| &nbsp;&nbsp; 5.721% | 3250000 | &nbsp;&nbsp; 3255249 |
| Series 2024-4A Class C | Series 2024-4A Class C | Series 2024-4A Class C | Series 2024-4A Class C |
| 3-month Term SOFR + 1.900% <br>Floor 1.900% <br>10/23/2037<br>| &nbsp;&nbsp; 5.571% | 8050000 | &nbsp;&nbsp; 8058340 |
| Series 2026-4A Class A1RR | Series 2026-4A Class A1RR | Series 2026-4A Class A1RR | Series 2026-4A Class A1RR |
| 3-month Term SOFR + 1.000% <br>Floor 1.000% <br>10/20/2034<br>| &nbsp;&nbsp; 3.652% | 3600000 | &nbsp;&nbsp; 3600176 |
| Balboa Bay Loan Funding Ltd.<sup>(b),(c)</sup>  | Balboa Bay Loan Funding Ltd.<sup>(b),(c)</sup>  | Balboa Bay Loan Funding Ltd.<sup>(b),(c)</sup>  | Balboa Bay Loan Funding Ltd.<sup>(b),(c)</sup>  |
| Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 |
| 3-month Term SOFR + 1.510% <br>Floor 1.510% <br>07/20/2037<br>| &nbsp;&nbsp; 5.178% | 14000000 | &nbsp;&nbsp; 14032522 |
| Ballyrock CLO Ltd.<sup>(b),(c)</sup>  | Ballyrock CLO Ltd.<sup>(b),(c)</sup>  | Ballyrock CLO Ltd.<sup>(b),(c)</sup>  | Ballyrock CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2021-18A Class A2R | Series 2021-18A Class A2R | Series 2021-18A Class A2R | Series 2021-18A Class A2R |
| 3-month Term SOFR + 1.650% <br>Floor 1.650% <br>04/15/2038<br>| &nbsp;&nbsp; 5.322% | 5210000 | &nbsp;&nbsp; 5231163 |
| Series 2026-20A Class A1A3 | Series 2026-20A Class A1A3 | Series 2026-20A Class A1A3 | Series 2026-20A Class A1A3 |
| 3-month Term SOFR + 1.050% <br>10/15/2036<br>| &nbsp;&nbsp; 5.387% | 7000000 | &nbsp;&nbsp; 7001869 |
| Barings CLO Ltd.<sup>(b),(c)</sup>  | Barings CLO Ltd.<sup>(b),(c)</sup>  | Barings CLO Ltd.<sup>(b),(c)</sup>  | Barings CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2025-3 Class A1 | Series 2025-3 Class A1 | Series 2025-3 Class A1 | Series 2025-3 Class A1 |
| 3-month Term SOFR + 1.320% <br>Floor 1.320% <br>03/31/2038<br>| &nbsp;&nbsp; 5.600% | 17500000 | &nbsp;&nbsp; 17563683 |
| Benefit Street Partners CLO Ltd.<sup>(b),(c)</sup>  | Benefit Street Partners CLO Ltd.<sup>(b),(c)</sup>  | Benefit Street Partners CLO Ltd.<sup>(b),(c)</sup>  | Benefit Street Partners CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2015-6BR Class BR | Series 2015-6BR Class BR | Series 2015-6BR Class BR | Series 2015-6BR Class BR |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/20/2038<br>| &nbsp;&nbsp; 5.218% | 5100000 | &nbsp;&nbsp; 5120160 |
| BHG Securitization Trust<sup>(b)</sup>  | BHG Securitization Trust<sup>(b)</sup>  | BHG Securitization Trust<sup>(b)</sup>  | BHG Securitization Trust<sup>(b)</sup>  |
| Series 2024-1CON Class A | Series 2024-1CON Class A | Series 2024-1CON Class A | Series 2024-1CON Class A |
| 04/17/2035 | &nbsp;&nbsp; 5.810% | 408726 | &nbsp;&nbsp; 417414 |
| Series 2025-2CON Class A | Series 2025-2CON Class A | Series 2025-2CON Class A | Series 2025-2CON Class A |
| 09/17/2036 | &nbsp;&nbsp; 4.840% | 1935955 | &nbsp;&nbsp; 1967918 |
| Birch Grove CLO Ltd.<sup>(b),(c)</sup>  | Birch Grove CLO Ltd.<sup>(b),(c)</sup>  | Birch Grove CLO Ltd.<sup>(b),(c)</sup>  | Birch Grove CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2024-10 Class A | Series 2024-10 Class A | Series 2024-10 Class A | Series 2024-10 Class A |
| 3-month Term SOFR + 1.390% <br>Floor 1.390% <br>01/22/2038<br>| &nbsp;&nbsp; 5.059% | 3250000 | &nbsp;&nbsp; 3259467 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2024-9A Class C | Series 2024-9A Class C | Series 2024-9A Class C | Series 2024-9A Class C |
| 3-month Term SOFR + 2.000% <br>Floor 2.000% <br>10/22/2037<br>| &nbsp;&nbsp; 5.669% | 3150000 | &nbsp;&nbsp; 3151969 |
| Series 2025-12 Class A1 | Series 2025-12 Class A1 | Series 2025-12 Class A1 | Series 2025-12 Class A1 |
| 3-month Term SOFR + 1.170% <br>Floor 1.170% <br>04/22/2038<br>| &nbsp;&nbsp; 4.839% | 6000000 | &nbsp;&nbsp; 6003528 |
| BlueMountain CLO Ltd.<sup>(b),(c)</sup>  | BlueMountain CLO Ltd.<sup>(b),(c)</sup>  | BlueMountain CLO Ltd.<sup>(b),(c)</sup>  | BlueMountain CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2018-3A Class BR | Series 2018-3A Class BR | Series 2018-3A Class BR | Series 2018-3A Class BR |
| 3-month Term SOFR + 1.850% <br>Floor 1.850% <br>10/25/2030<br>| &nbsp;&nbsp; 5.518% | 8500000 | &nbsp;&nbsp; 8544557 |
| Series 2024-3A Class A1R2 | Series 2024-3A Class A1R2 | Series 2024-3A Class A1R2 | Series 2024-3A Class A1R2 |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>11/15/2030<br>| &nbsp;&nbsp; 4.591% | 931207 | &nbsp;&nbsp; 931744 |
| BlueMountain CLO XXX Ltd.<sup>(b),(c)</sup>  | BlueMountain CLO XXX Ltd.<sup>(b),(c)</sup>  | BlueMountain CLO XXX Ltd.<sup>(b),(c)</sup>  | BlueMountain CLO XXX Ltd.<sup>(b),(c)</sup>  |
| Series 2020-30A Class AR2 | Series 2020-30A Class AR2 | Series 2020-30A Class AR2 | Series 2020-30A Class AR2 |
| 3-month Term SOFR + 1.150% <br>Floor 1.150% <br>04/15/2035<br>| &nbsp;&nbsp; 4.822% | 18700000 | &nbsp;&nbsp; 18704806 |
| Series 2020-30A Class CR2 | Series 2020-30A Class CR2 | Series 2020-30A Class CR2 | Series 2020-30A Class CR2 |
| 3-month Term SOFR + 1.850% <br>Floor 1.850% <br>04/15/2035<br>| &nbsp;&nbsp; 5.522% | 2110000 | &nbsp;&nbsp; 2110764 |
| Bluepeak ABS Issuer LLC<sup>(b)</sup>  | Bluepeak ABS Issuer LLC<sup>(b)</sup>  | Bluepeak ABS Issuer LLC<sup>(b)</sup>  | Bluepeak ABS Issuer LLC<sup>(b)</sup>  |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 12/20/2055 | &nbsp;&nbsp; 5.858% | 6605000 | &nbsp;&nbsp; 6747171 |
| BMW Vehicle Lease Trust | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust | BMW Vehicle Lease Trust |
| Series 2024-2 Class A3 | Series 2024-2 Class A3 | Series 2024-2 Class A3 | Series 2024-2 Class A3 |
| 10/25/2027 | &nbsp;&nbsp; 4.180% | 2665000 | &nbsp;&nbsp; 2670674 |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 06/26/2028 | &nbsp;&nbsp; 4.430% | 1270000 | &nbsp;&nbsp; 1280283 |
| BOF URSA Funding<sup>(b)</sup>  | BOF URSA Funding<sup>(b)</sup>  | BOF URSA Funding<sup>(b)</sup>  | BOF URSA Funding<sup>(b)</sup>  |
| Series 2024-SN1 Class A3 | Series 2024-SN1 Class A3 | Series 2024-SN1 Class A3 | Series 2024-SN1 Class A3 |
| 03/15/2028 | &nbsp;&nbsp; 5.660% | 2106840 | &nbsp;&nbsp; 2111467 |
| Bojangles Issuer LLC<sup>(b)</sup>  | Bojangles Issuer LLC<sup>(b)</sup>  | Bojangles Issuer LLC<sup>(b)</sup>  | Bojangles Issuer LLC<sup>(b)</sup>  |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 11/20/2054 | &nbsp;&nbsp; 6.584% | 696500 | &nbsp;&nbsp; 706228 |
| Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust |
| Series 2024-2 Class A3 | Series 2024-2 Class A3 | Series 2024-2 Class A3 | Series 2024-2 Class A3 |
| 06/15/2028 | &nbsp;&nbsp; 5.840% | 1084169 | &nbsp;&nbsp; 1085520 |
| Series 2024-3 Class B | Series 2024-3 Class B | Series 2024-3 Class B | Series 2024-3 Class B |
| 10/16/2028 | &nbsp;&nbsp; 5.370% | 1185000 | &nbsp;&nbsp; 1188862 |
| Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 |
| 12/15/2028 | &nbsp;&nbsp; 4.780% | 2125000 | &nbsp;&nbsp; 2132692 |
| Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 |
| 01/15/2029 | &nbsp;&nbsp; 4.660% | 1110000 | &nbsp;&nbsp; 1113807 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2026-1 Class A3 | Series 2026-1 Class A3 | Series 2026-1 Class A3 | Series 2026-1 Class A3 |
| 12/17/2029 | &nbsp;&nbsp; 4.040% | 1265000 | &nbsp;&nbsp; 1265924 |
| Carlyle US CLO Ltd.<sup>(b),(c)</sup>  | Carlyle US CLO Ltd.<sup>(b),(c)</sup>  | Carlyle US CLO Ltd.<sup>(b),(c)</sup>  | Carlyle US CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2020-1A Class BRR | Series 2020-1A Class BRR | Series 2020-1A Class BRR | Series 2020-1A Class BRR |
| 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>01/20/2038<br>| &nbsp;&nbsp; 5.418% | 1250000 | &nbsp;&nbsp; 1237619 |
| Series 2021-6A Class BR | Series 2021-6A Class BR | Series 2021-6A Class BR | Series 2021-6A Class BR |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>01/15/2038<br>| &nbsp;&nbsp; 5.372% | 13750000 | &nbsp;&nbsp; 13809414 |
| Series 2021-7A Class A1R | Series 2021-7A Class A1R | Series 2021-7A Class A1R | Series 2021-7A Class A1R |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>04/15/2038<br>| &nbsp;&nbsp; 4.872% | 9850000 | &nbsp;&nbsp; 9843263 |
| Series 2021-7A Class BR | Series 2021-7A Class BR | Series 2021-7A Class BR | Series 2021-7A Class BR |
| 3-month Term SOFR + 1.600% <br>04/15/2040<br>| &nbsp;&nbsp; 5.272% | 7500000 | &nbsp;&nbsp; 7501628 |
| Series 2024-8 Class B | Series 2024-8 Class B | Series 2024-8 Class B | Series 2024-8 Class B |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>01/25/2037<br>| &nbsp;&nbsp; 5.368% | 17250000 | &nbsp;&nbsp; 17350171 |
| Carmax Auto Owner Trust | Carmax Auto Owner Trust | Carmax Auto Owner Trust | Carmax Auto Owner Trust |
| Series 2023-2 Class A3 | Series 2023-2 Class A3 | Series 2023-2 Class A3 | Series 2023-2 Class A3 |
| 01/18/2028 | &nbsp;&nbsp; 5.050% | 1436898 | &nbsp;&nbsp; 1442548 |
| Series 2025-4 Class A3 | Series 2025-4 Class A3 | Series 2025-4 Class A3 | Series 2025-4 Class A3 |
| 12/16/2030 | &nbsp;&nbsp; 3.970% | 2060000 | &nbsp;&nbsp; 2069866 |
| Subordinated Series 2023-3 Class B | Subordinated Series 2023-3 Class B | Subordinated Series 2023-3 Class B | Subordinated Series 2023-3 Class B |
| 02/15/2029 | &nbsp;&nbsp; 5.470% | 3040000 | &nbsp;&nbsp; 3102060 |
| CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust |
| Series 2024-4 Class A3 | Series 2024-4 Class A3 | Series 2024-4 Class A3 | Series 2024-4 Class A3 |
| 10/15/2029 | &nbsp;&nbsp; 4.600% | 7030000 | &nbsp;&nbsp; 7107702 |
| Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 |
| 03/15/2030 | &nbsp;&nbsp; 4.480% | 2115000 | &nbsp;&nbsp; 2139049 |
| Carmax Select Receivables Trust | Carmax Select Receivables Trust | Carmax Select Receivables Trust | Carmax Select Receivables Trust |
| Series 2025-B Class B | Series 2025-B Class B | Series 2025-B Class B | Series 2025-B Class B |
| 07/15/2030 | &nbsp;&nbsp; 4.350% | 5300000 | &nbsp;&nbsp; 5342840 |
| CarMax Select Receivables Trust | CarMax Select Receivables Trust | CarMax Select Receivables Trust | CarMax Select Receivables Trust |
| Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 |
| 09/17/2029 | &nbsp;&nbsp; 4.770% | 3495000 | &nbsp;&nbsp; 3529001 |
| Carvana Auto Receivables Trust<sup>(b)</sup>  | Carvana Auto Receivables Trust<sup>(b)</sup>  | Carvana Auto Receivables Trust<sup>(b)</sup>  | Carvana Auto Receivables Trust<sup>(b)</sup>  |
| Series 2023-P1 Class A3 | Series 2023-P1 Class A3 | Series 2023-P1 Class A3 | Series 2023-P1 Class A3 |
| 12/10/2027 | &nbsp;&nbsp; 5.980% | 132278 | &nbsp;&nbsp; 132335 |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust |
| Series 2024-P2 Class A3 | Series 2024-P2 Class A3 | Series 2024-P2 Class A3 | Series 2024-P2 Class A3 |
| 07/10/2029 | &nbsp;&nbsp; 5.330% | 1362424 | &nbsp;&nbsp; 1373276 |
| Series 2024-P4 Class A3 | Series 2024-P4 Class A3 | Series 2024-P4 Class A3 | Series 2024-P4 Class A3 |
| 01/10/2030 | &nbsp;&nbsp; 4.640% | 1135000 | &nbsp;&nbsp; 1141154 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2025-P2 Class A4 | Series 2025-P2 Class A4 | Series 2025-P2 Class A4 | Series 2025-P2 Class A4 |
| 06/10/2031 | &nbsp;&nbsp; 4.750% | 4625000 | &nbsp;&nbsp; 4712682 |
| Series 2025-P3 Class A3 | Series 2025-P3 Class A3 | Series 2025-P3 Class A3 | Series 2025-P3 Class A3 |
| 11/11/2030 | &nbsp;&nbsp; 4.040% | 1630000 | &nbsp;&nbsp; 1635782 |
| Castlelake Aircraft Structured Trust<sup>(b)</sup>  | Castlelake Aircraft Structured Trust<sup>(b)</sup>  | Castlelake Aircraft Structured Trust<sup>(b)</sup>  | Castlelake Aircraft Structured Trust<sup>(b)</sup>  |
| Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A |
| 08/15/2050 | &nbsp;&nbsp; 5.465% | 3363663 | &nbsp;&nbsp; 3419300 |
| Series 2025-3 Class A | Series 2025-3 Class A | Series 2025-3 Class A | Series 2025-3 Class A |
| 11/15/2050 | &nbsp;&nbsp; 5.087% | 5288679 | &nbsp;&nbsp; 5341036 |
| CBAM Ltd.<sup>(b),(c)</sup>  | CBAM Ltd.<sup>(b),(c)</sup>  | CBAM Ltd.<sup>(b),(c)</sup>  | CBAM Ltd.<sup>(b),(c)</sup>  |
| Series 2024-1A Class AR2 | Series 2024-1A Class AR2 | Series 2024-1A Class AR2 | Series 2024-1A Class AR2 |
| 3-month Term SOFR + 1.390% <br>Floor 1.390% <br>01/20/2038<br>| &nbsp;&nbsp; 5.058% | 9100000 | &nbsp;&nbsp; 9117636 |
| Chesapeake Funding II LLC<sup>(b)</sup>  | Chesapeake Funding II LLC<sup>(b)</sup>  | Chesapeake Funding II LLC<sup>(b)</sup>  | Chesapeake Funding II LLC<sup>(b)</sup>  |
| Series 2023-1A Class A1 | Series 2023-1A Class A1 | Series 2023-1A Class A1 | Series 2023-1A Class A1 |
| 05/15/2035 | &nbsp;&nbsp; 5.650% | 680218 | &nbsp;&nbsp; 682608 |
| Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 |
| 05/15/2036 | &nbsp;&nbsp; 5.520% | 837537 | &nbsp;&nbsp; 845159 |
| CIFC Funding Ltd.<sup>(b),(c)</sup>  | CIFC Funding Ltd.<sup>(b),(c)</sup>  | CIFC Funding Ltd.<sup>(b),(c)</sup>  | CIFC Funding Ltd.<sup>(b),(c)</sup>  |
| Series 2018-2A Class A1R | Series 2018-2A Class A1R | Series 2018-2A Class A1R | Series 2018-2A Class A1R |
| 3-month Term SOFR + 1.370% <br>Floor 1.370% <br>10/20/2037<br>| &nbsp;&nbsp; 5.038% | 39520000 | &nbsp;&nbsp; 39651127 |
| Series 2019-6A Class A2R | Series 2019-6A Class A2R | Series 2019-6A Class A2R | Series 2019-6A Class A2R |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>07/16/2037<br>| &nbsp;&nbsp; 5.371% | 2000000 | &nbsp;&nbsp; 2004450 |
| CIT Education Loan Trust<sup>(b),(c)</sup>  | CIT Education Loan Trust<sup>(b),(c)</sup>  | CIT Education Loan Trust<sup>(b),(c)</sup>  | CIT Education Loan Trust<sup>(b),(c)</sup>  |
| Series 2007-1 Class B | Series 2007-1 Class B | Series 2007-1 Class B | Series 2007-1 Class B |
| 90-day Average SOFR + 0.562% <br>Floor 0.300% <br>06/25/2042<br>| &nbsp;&nbsp; 4.613% | 216351 | &nbsp;&nbsp; 192853 |
| Citizens Auto Receivables Trust<sup>(b)</sup>  | Citizens Auto Receivables Trust<sup>(b)</sup>  | Citizens Auto Receivables Trust<sup>(b)</sup>  | Citizens Auto Receivables Trust<sup>(b)</sup>  |
| Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 |
| 04/17/2028 | &nbsp;&nbsp; 5.110% | 747317 | &nbsp;&nbsp; 751149 |
| Clover CLO LLC<sup>(b),(c)</sup>  | Clover CLO LLC<sup>(b),(c)</sup>  | Clover CLO LLC<sup>(b),(c)</sup>  | Clover CLO LLC<sup>(b),(c)</sup>  |
| Series 2021-3A Class AR | Series 2021-3A Class AR | Series 2021-3A Class AR | Series 2021-3A Class AR |
| 3-month Term SOFR + 1.070% <br>Floor 1.070% <br>01/25/2035<br>| &nbsp;&nbsp; 4.738% | 10150000 | &nbsp;&nbsp; 10157085 |
| Commonbond Student Loan Trust<sup>(b)</sup>  | Commonbond Student Loan Trust<sup>(b)</sup>  | Commonbond Student Loan Trust<sup>(b)</sup>  | Commonbond Student Loan Trust<sup>(b)</sup>  |
| Series 2018-CGS Class B | Series 2018-CGS Class B | Series 2018-CGS Class B | Series 2018-CGS Class B |
| 02/25/2046 | &nbsp;&nbsp; 4.250% | 73679 | &nbsp;&nbsp; 71267 |
| Series 2020-AGS Class A | Series 2020-AGS Class A | Series 2020-AGS Class A | Series 2020-AGS Class A |
| 08/25/2050 | &nbsp;&nbsp; 1.980% | 619436 | &nbsp;&nbsp; 559836 |
| Compass Datacenters Issuer II LLC<sup>(b)</sup>  | Compass Datacenters Issuer II LLC<sup>(b)</sup>  | Compass Datacenters Issuer II LLC<sup>(b)</sup>  | Compass Datacenters Issuer II LLC<sup>(b)</sup>  |
| Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 |
| 08/25/2049 | &nbsp;&nbsp; 5.022% | 1745000 | &nbsp;&nbsp; 1751301 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Compass Datacenters Issuer III LLC<sup>(b)</sup>  | Compass Datacenters Issuer III LLC<sup>(b)</sup>  | Compass Datacenters Issuer III LLC<sup>(b)</sup>  | Compass Datacenters Issuer III LLC<sup>(b)</sup>  | Compass Datacenters Issuer III LLC<sup>(b)</sup>  |
| Series 2025-1 Class A2 | Series 2025-1 Class A2 | Series 2025-1 Class A2 | Series 2025-1 Class A2 | Series 2025-1 Class A2 |
| 02/25/2050 | &nbsp;&nbsp; 5.656% |  | 1195000 | &nbsp;&nbsp; 1210205 |
| Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(b)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(b)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(b)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(b)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(b)</sup>  |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 05/20/2055 | &nbsp;&nbsp; 6.000% |  | 8690000 | &nbsp;&nbsp; 8910777 |
| Contego CLO XII DAC<sup>(b),(c)</sup>  | Contego CLO XII DAC<sup>(b),(c)</sup>  | Contego CLO XII DAC<sup>(b),(c)</sup>  | Contego CLO XII DAC<sup>(b),(c)</sup>  | Contego CLO XII DAC<sup>(b),(c)</sup>  |
| Series 2025-12A Class BR | Series 2025-12A Class BR | Series 2025-12A Class BR | Series 2025-12A Class BR | Series 2025-12A Class BR |
| 3-month EURIBOR + 1.900% <br>Floor 1.900% <br>01/25/2040<br>| &nbsp;&nbsp; 3.954% | EUR | 5000000 | &nbsp;&nbsp; 5905046 |
| CQS US CLO Ltd.<sup>(b),(c)</sup>  | CQS US CLO Ltd.<sup>(b),(c)</sup>  | CQS US CLO Ltd.<sup>(b),(c)</sup>  | CQS US CLO Ltd.<sup>(b),(c)</sup>  | CQS US CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2023-3A Class A1 | Series 2023-3A Class A1 | Series 2023-3A Class A1 | Series 2023-3A Class A1 | Series 2023-3A Class A1 |
| 3-month Term SOFR + 1.890% <br>Floor 1.890% <br>01/25/2037<br>| &nbsp;&nbsp; 5.558% |  | 20000000 | &nbsp;&nbsp; 20041280 |
| Credit Acceptance Auto Loan Trust<sup>(b)</sup>  | Credit Acceptance Auto Loan Trust<sup>(b)</sup>  | Credit Acceptance Auto Loan Trust<sup>(b)</sup>  | Credit Acceptance Auto Loan Trust<sup>(b)</sup>  | Credit Acceptance Auto Loan Trust<sup>(b)</sup>  |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 06/15/2034 | &nbsp;&nbsp; 5.950% |  | 4260000 | &nbsp;&nbsp; 4321927 |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 03/15/2035 | &nbsp;&nbsp; 5.020% |  | 3145000 | &nbsp;&nbsp; 3187686 |
| Series 2025-2 Class B | Series 2025-2 Class B | Series 2025-2 Class B | Series 2025-2 Class B | Series 2025-2 Class B |
| 01/15/2036 | &nbsp;&nbsp; 4.870% |  | 2695000 | &nbsp;&nbsp; 2727722 |
| Subordinated Series 2023-2A Class B | Subordinated Series 2023-2A Class B | Subordinated Series 2023-2A Class B | Subordinated Series 2023-2A Class B | Subordinated Series 2023-2A Class B |
| 07/15/2033 | &nbsp;&nbsp; 6.610% |  | 1215000 | &nbsp;&nbsp; 1220643 |
| Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C |
| 12/15/2033 | &nbsp;&nbsp; 7.620% |  | 695000 | &nbsp;&nbsp; 713712 |
| Crockett Partners Equipment Co. IIA LLC<sup>(b)</sup>  | Crockett Partners Equipment Co. IIA LLC<sup>(b)</sup>  | Crockett Partners Equipment Co. IIA LLC<sup>(b)</sup>  | Crockett Partners Equipment Co. IIA LLC<sup>(b)</sup>  | Crockett Partners Equipment Co. IIA LLC<sup>(b)</sup>  |
| Series 2024-1C Class A | Series 2024-1C Class A | Series 2024-1C Class A | Series 2024-1C Class A | Series 2024-1C Class A |
| 01/20/2031 | &nbsp;&nbsp; 6.050% |  | 2253864 | &nbsp;&nbsp; 2301407 |
| CyrusOne Data Centers Issuer I LLC<sup>(b)</sup>  | CyrusOne Data Centers Issuer I LLC<sup>(b)</sup>  | CyrusOne Data Centers Issuer I LLC<sup>(b)</sup>  | CyrusOne Data Centers Issuer I LLC<sup>(b)</sup>  | CyrusOne Data Centers Issuer I LLC<sup>(b)</sup>  |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 02/20/2050 | &nbsp;&nbsp; 5.910% |  | 3305000 | &nbsp;&nbsp; 3385602 |
| DataBank Issuer II LLC<sup>(b)</sup>  | DataBank Issuer II LLC<sup>(b)</sup>  | DataBank Issuer II LLC<sup>(b)</sup>  | DataBank Issuer II LLC<sup>(b)</sup>  | DataBank Issuer II LLC<sup>(b)</sup>  |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 09/27/2055 | &nbsp;&nbsp; 5.180% |  | 4520000 | &nbsp;&nbsp; 4512699 |
| DataBank Issuer LLC<sup>(b)</sup>  | DataBank Issuer LLC<sup>(b)</sup>  | DataBank Issuer LLC<sup>(b)</sup>  | DataBank Issuer LLC<sup>(b)</sup>  | DataBank Issuer LLC<sup>(b)</sup>  |
| Series 2023-1 Class A2 | Series 2023-1 Class A2 | Series 2023-1 Class A2 | Series 2023-1 Class A2 | Series 2023-1 Class A2 |
| 02/25/2053 | &nbsp;&nbsp; 5.116% |  | 3400000 | &nbsp;&nbsp; 3401137 |
| DB Master Finance LLC<sup>(b)</sup>  | DB Master Finance LLC<sup>(b)</sup>  | DB Master Finance LLC<sup>(b)</sup>  | DB Master Finance LLC<sup>(b)</sup>  | DB Master Finance LLC<sup>(b)</sup>  |
| Series 2017-1A Class A2II | Series 2017-1A Class A2II | Series 2017-1A Class A2II | Series 2017-1A Class A2II | Series 2017-1A Class A2II |
| 11/20/2047 | &nbsp;&nbsp; 4.030% |  | 1150000 | &nbsp;&nbsp; 1145627 |
| Series 2019-1A Class A23 | Series 2019-1A Class A23 | Series 2019-1A Class A23 | Series 2019-1A Class A23 | Series 2019-1A Class A23 |
| 05/20/2049 | &nbsp;&nbsp; 4.352% |  | 1122000 | &nbsp;&nbsp; 1121308 |
| Dell Equipment Finance Trust<sup>(b)</sup>  | Dell Equipment Finance Trust<sup>(b)</sup>  | Dell Equipment Finance Trust<sup>(b)</sup>  | Dell Equipment Finance Trust<sup>(b)</sup>  | Dell Equipment Finance Trust<sup>(b)</sup>  |
| Series 2023-3 Class A3 | Series 2023-3 Class A3 | Series 2023-3 Class A3 | Series 2023-3 Class A3 | Series 2023-3 Class A3 |
| 04/23/2029 | &nbsp;&nbsp; 5.930% |  | 1400573 | &nbsp;&nbsp; 1406126 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| DLLMT LLC<sup>(b)</sup>  | DLLMT LLC<sup>(b)</sup>  | DLLMT LLC<sup>(b)</sup>  | DLLMT LLC<sup>(b)</sup>  |
| Subordinated Series 2023-1A Class A3 | Subordinated Series 2023-1A Class A3 | Subordinated Series 2023-1A Class A3 | Subordinated Series 2023-1A Class A3 |
| 03/22/2027 | &nbsp;&nbsp; 5.340% | 1143482 | &nbsp;&nbsp; 1146448 |
| Drive Auto Receivables Trust | Drive Auto Receivables Trust | Drive Auto Receivables Trust | Drive Auto Receivables Trust |
| Subordinated Series 2024-2 Class B | Subordinated Series 2024-2 Class B | Subordinated Series 2024-2 Class B | Subordinated Series 2024-2 Class B |
| 07/16/2029 | &nbsp;&nbsp; 4.520% | 3755000 | &nbsp;&nbsp; 3769027 |
| Dryden 98 CLO Ltd.<sup>(b),(c),(d)</sup>  | Dryden 98 CLO Ltd.<sup>(b),(c),(d)</sup>  | Dryden 98 CLO Ltd.<sup>(b),(c),(d)</sup>  | Dryden 98 CLO Ltd.<sup>(b),(c),(d)</sup>  |
| Series 2026-98A Class AR | Series 2026-98A Class AR | Series 2026-98A Class AR | Series 2026-98A Class AR |
| 3-month Term SOFR + 1.020% <br>Floor 1.020% <br>04/20/2035<br>| &nbsp;&nbsp; 0.000% | 8700000 | &nbsp;&nbsp; 8699957 |
| Dryden CLO Ltd.<sup>(b),(c)</sup>  | Dryden CLO Ltd.<sup>(b),(c)</sup>  | Dryden CLO Ltd.<sup>(b),(c)</sup>  | Dryden CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2019-75A Class CR2 | Series 2019-75A Class CR2 | Series 2019-75A Class CR2 | Series 2019-75A Class CR2 |
| 3-month Term SOFR + 2.062% <br>Floor 1.800% <br>04/15/2034<br>| &nbsp;&nbsp; 5.734% | 5000000 | &nbsp;&nbsp; 5000195 |
| Dryden Senior Loan Fund<sup>(b),(c)</sup>  | Dryden Senior Loan Fund<sup>(b),(c)</sup>  | Dryden Senior Loan Fund<sup>(b),(c)</sup>  | Dryden Senior Loan Fund<sup>(b),(c)</sup>  |
| Series 2015-40A Class AR2 | Series 2015-40A Class AR2 | Series 2015-40A Class AR2 | Series 2015-40A Class AR2 |
| 3-month Term SOFR + 1.150% <br>Floor 1.150% <br>08/15/2031<br>| &nbsp;&nbsp; 4.803% | 2096510 | &nbsp;&nbsp; 2098571 |
| Elevation CLO Ltd.<sup>(b),(c)</sup>  | Elevation CLO Ltd.<sup>(b),(c)</sup>  | Elevation CLO Ltd.<sup>(b),(c)</sup>  | Elevation CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2013-1A Class A1R3 | Series 2013-1A Class A1R3 | Series 2013-1A Class A1R3 | Series 2013-1A Class A1R3 |
| 3-month Term SOFR + 1.400% <br>Floor 1.400% <br>07/25/2038<br>| &nbsp;&nbsp; 5.630% | 5100000 | &nbsp;&nbsp; 5113775 |
| Series 2021-12A Class A1R | Series 2021-12A Class A1R | Series 2021-12A Class A1R | Series 2021-12A Class A1R |
| 3-month Term SOFR + 1.620% <br>Floor 1.620% <br>04/20/2037<br>| &nbsp;&nbsp; 5.288% | 30000000 | &nbsp;&nbsp; 30034020 |
| Series 2025-18A Class B | Series 2025-18A Class B | Series 2025-18A Class B | Series 2025-18A Class B |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>03/28/2038<br>| &nbsp;&nbsp; 5.368% | 10000000 | &nbsp;&nbsp; 10014470 |
| ELFI Graduate Loan Program LLC<sup>(b)</sup>  | ELFI Graduate Loan Program LLC<sup>(b)</sup>  | ELFI Graduate Loan Program LLC<sup>(b)</sup>  | ELFI Graduate Loan Program LLC<sup>(b)</sup>  |
| Series 2019-A Class A | Series 2019-A Class A | Series 2019-A Class A | Series 2019-A Class A |
| 03/25/2044 | &nbsp;&nbsp; 2.540% | 437137 | &nbsp;&nbsp; 423121 |
| Series 2023-A Class A | Series 2023-A Class A | Series 2023-A Class A | Series 2023-A Class A |
| 02/04/2048 | &nbsp;&nbsp; 6.370% | 3167539 | &nbsp;&nbsp; 3333087 |
| ELFI Graduate Loan Program LLC<sup>(b),(e)</sup>  | ELFI Graduate Loan Program LLC<sup>(b),(e)</sup>  | ELFI Graduate Loan Program LLC<sup>(b),(e)</sup>  | ELFI Graduate Loan Program LLC<sup>(b),(e)</sup>  |
| Subordinated Series 2019-A Class B | Subordinated Series 2019-A Class B | Subordinated Series 2019-A Class B | Subordinated Series 2019-A Class B |
| 03/25/2044 | &nbsp;&nbsp; 2.940% | 242284 | &nbsp;&nbsp; 227034 |
| Elmwood CLO 30 Ltd.<sup>(b),(c)</sup>  | Elmwood CLO 30 Ltd.<sup>(b),(c)</sup>  | Elmwood CLO 30 Ltd.<sup>(b),(c)</sup>  | Elmwood CLO 30 Ltd.<sup>(b),(c)</sup>  |
| Series 2024-6A Class A | Series 2024-6A Class A | Series 2024-6A Class A | Series 2024-6A Class A |
| 3-month Term SOFR + 1.430% <br>Floor 1.430% <br>07/17/2037<br>| &nbsp;&nbsp; 5.098% | 14000000 | &nbsp;&nbsp; 14033656 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Elmwood CLO IX Ltd.<sup>(b),(c)</sup>  | Elmwood CLO IX Ltd.<sup>(b),(c)</sup>  | Elmwood CLO IX Ltd.<sup>(b),(c)</sup>  | Elmwood CLO IX Ltd.<sup>(b),(c)</sup>  |
| Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/20/2038<br>| &nbsp;&nbsp; 5.218% | 6520000 | &nbsp;&nbsp; 6549920 |
| Elmwood CLO Ltd.<sup>(b),(c)</sup>  | Elmwood CLO Ltd.<sup>(b),(c)</sup>  | Elmwood CLO Ltd.<sup>(b),(c)</sup>  | Elmwood CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2025-3A Class A | Series 2025-3A Class A | Series 2025-3A Class A | Series 2025-3A Class A |
| 3-month Term SOFR + 1.240% <br>Floor 1.240% <br>03/22/2038<br>| &nbsp;&nbsp; 4.908% | 20000000 | &nbsp;&nbsp; 20039920 |
| Elmwood CLO XI Ltd.<sup>(b),(c)</sup>  | Elmwood CLO XI Ltd.<sup>(b),(c)</sup>  | Elmwood CLO XI Ltd.<sup>(b),(c)</sup>  | Elmwood CLO XI Ltd.<sup>(b),(c)</sup>  |
| Series 2021-4A Class BR | Series 2021-4A Class BR | Series 2021-4A Class BR | Series 2021-4A Class BR |
| 3-month Term SOFR + 1.550% <br>01/20/2038<br>| &nbsp;&nbsp; 5.218% | 3270000 | &nbsp;&nbsp; 3278391 |
| Enterprise Fleet Financing LLC<sup>(b)</sup>  | Enterprise Fleet Financing LLC<sup>(b)</sup>  | Enterprise Fleet Financing LLC<sup>(b)</sup>  | Enterprise Fleet Financing LLC<sup>(b)</sup>  |
| Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 |
| 09/20/2029 | &nbsp;&nbsp; 4.460% | 3960000 | &nbsp;&nbsp; 4018473 |
| Enterprise Fleet Financing LLC<sup>(b)</sup>  | Enterprise Fleet Financing LLC<sup>(b)</sup>  | Enterprise Fleet Financing LLC<sup>(b)</sup>  | Enterprise Fleet Financing LLC<sup>(b)</sup>  |
| Series 2022-3 Class A2 | Series 2022-3 Class A2 | Series 2022-3 Class A2 | Series 2022-3 Class A2 |
| 07/20/2029 | &nbsp;&nbsp; 4.380% | 2310 | &nbsp;&nbsp; 2310 |
| Series 2023-2 Class A2 | Series 2023-2 Class A2 | Series 2023-2 Class A2 | Series 2023-2 Class A2 |
| 04/22/2030 | &nbsp;&nbsp; 5.560% | 597977 | &nbsp;&nbsp; 600516 |
| Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 |
| 09/20/2030 | &nbsp;&nbsp; 5.160% | 1265000 | &nbsp;&nbsp; 1289818 |
| Series 2024-3 Class A4 | Series 2024-3 Class A4 | Series 2024-3 Class A4 | Series 2024-3 Class A4 |
| 03/20/2031 | &nbsp;&nbsp; 5.060% | 2190000 | &nbsp;&nbsp; 2239441 |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 02/20/2029 | &nbsp;&nbsp; 4.820% | 1635000 | &nbsp;&nbsp; 1662332 |
| Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 |
| 01/16/2029 | &nbsp;&nbsp; 4.740% | 5796599 | &nbsp;&nbsp; 5811119 |
| Series 2025-4A Class A3 | Series 2025-4A Class A3 | Series 2025-4A Class A3 | Series 2025-4A Class A3 |
| 09/17/2029 | &nbsp;&nbsp; 4.390% | 805000 | &nbsp;&nbsp; 809282 |
| Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B |
| 08/15/2028 | &nbsp;&nbsp; 5.290% | 2463332 | &nbsp;&nbsp; 2468438 |
| Subordinated Series 2024-4A Class C | Subordinated Series 2024-4A Class C | Subordinated Series 2024-4A Class C | Subordinated Series 2024-4A Class C |
| 08/15/2030 | &nbsp;&nbsp; 5.480% | 2075000 | &nbsp;&nbsp; 2104172 |
| Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust | Exeter Select Automobile Receivables Trust |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 04/15/2030 | &nbsp;&nbsp; 4.690% | 945000 | &nbsp;&nbsp; 953442 |
| First Investors Auto Owner Trust<sup>(b)</sup>  | First Investors Auto Owner Trust<sup>(b)</sup>  | First Investors Auto Owner Trust<sup>(b)</sup>  | First Investors Auto Owner Trust<sup>(b)</sup>  |
| Series 2025-1 Class C | Series 2025-1 Class C | Series 2025-1 Class C | Series 2025-1 Class C |
| 12/15/2031 | &nbsp;&nbsp; 4.750% | 3275000 | &nbsp;&nbsp; 3316017 |
| Flagship Credit Auto Trust<sup>(b)</sup>  | Flagship Credit Auto Trust<sup>(b)</sup>  | Flagship Credit Auto Trust<sup>(b)</sup>  | Flagship Credit Auto Trust<sup>(b)</sup>  |
| Subordinated Series 2023-2 Class C | Subordinated Series 2023-2 Class C | Subordinated Series 2023-2 Class C | Subordinated Series 2023-2 Class C |
| 05/15/2029 | &nbsp;&nbsp; 5.810% | 3240000 | &nbsp;&nbsp; 3251678 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Flatiron CLO Ltd.<sup>(b),(c)</sup>  | Flatiron CLO Ltd.<sup>(b),(c)</sup>  | Flatiron CLO Ltd.<sup>(b),(c)</sup>  | Flatiron CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2021-1A Class CR | Series 2021-1A Class CR | Series 2021-1A Class CR | Series 2021-1A Class CR |
| 3-month Term SOFR + 2.000% <br>Floor 2.000% <br>10/19/2037<br>| &nbsp;&nbsp; 5.668% | 2000000 | &nbsp;&nbsp; 2003762 |
| Flexential Issuer<sup>(b)</sup>  | Flexential Issuer<sup>(b)</sup>  | Flexential Issuer<sup>(b)</sup>  | Flexential Issuer<sup>(b)</sup>  |
| Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 |
| 11/27/2051 | &nbsp;&nbsp; 3.250% | 2021029 | &nbsp;&nbsp; 1998410 |
| Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust | Ford Credit Auto Lease Trust |
| Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 | Series 2025-A Class A3 |
| 06/15/2028 | &nbsp;&nbsp; 4.720% | 2055000 | &nbsp;&nbsp; 2071128 |
| Ford Credit Auto Owner Trust<sup>(b)</sup>  | Ford Credit Auto Owner Trust<sup>(b)</sup>  | Ford Credit Auto Owner Trust<sup>(b)</sup>  | Ford Credit Auto Owner Trust<sup>(b)</sup>  |
| Series 2021-1 Class A | Series 2021-1 Class A | Series 2021-1 Class A | Series 2021-1 Class A |
| 10/17/2033 | &nbsp;&nbsp; 1.370% | 3415000 | &nbsp;&nbsp; 3403603 |
| Subordinated Series 2021-2 Class C | Subordinated Series 2021-2 Class C | Subordinated Series 2021-2 Class C | Subordinated Series 2021-2 Class C |
| 05/15/2034 | &nbsp;&nbsp; 2.110% | 3900000 | &nbsp;&nbsp; 3838556 |
| Subordinated Series 2021-2 Class D | Subordinated Series 2021-2 Class D | Subordinated Series 2021-2 Class D | Subordinated Series 2021-2 Class D |
| 05/15/2034 | &nbsp;&nbsp; 2.600% | 2300000 | &nbsp;&nbsp; 2259774 |
| Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C |
| 08/15/2035 | &nbsp;&nbsp; 5.580% | 3900000 | &nbsp;&nbsp; 3994327 |
| GECU Auto Receivables Trust<sup>(b)</sup>  | GECU Auto Receivables Trust<sup>(b)</sup>  | GECU Auto Receivables Trust<sup>(b)</sup>  | GECU Auto Receivables Trust<sup>(b)</sup>  |
| Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 |
| 08/15/2028 | &nbsp;&nbsp; 5.630% | 1098044 | &nbsp;&nbsp; 1102199 |
| GLS Auto Receivables Issuer Trust<sup>(b)</sup>  | GLS Auto Receivables Issuer Trust<sup>(b)</sup>  | GLS Auto Receivables Issuer Trust<sup>(b)</sup>  | GLS Auto Receivables Issuer Trust<sup>(b)</sup>  |
| Series 2024-4A Class A3 | Series 2024-4A Class A3 | Series 2024-4A Class A3 | Series 2024-4A Class A3 |
| 07/17/2028 | &nbsp;&nbsp; 4.750% | 1197727 | &nbsp;&nbsp; 1199201 |
| Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C |
| 01/15/2031 | &nbsp;&nbsp; 5.110% | 1355000 | &nbsp;&nbsp; 1380337 |
| Subordinated Series 2024-2A Class B | Subordinated Series 2024-2A Class B | Subordinated Series 2024-2A Class B | Subordinated Series 2024-2A Class B |
| 11/15/2028 | &nbsp;&nbsp; 5.770% | 3275210 | &nbsp;&nbsp; 3293532 |
| Subordinated Series 2024-3A Class B | Subordinated Series 2024-3A Class B | Subordinated Series 2024-3A Class B | Subordinated Series 2024-3A Class B |
| 01/16/2029 | &nbsp;&nbsp; 5.080% | 1850000 | &nbsp;&nbsp; 1859920 |
| GLS Auto Select Receivables Issuer Trust<sup>(b)</sup>  | GLS Auto Select Receivables Issuer Trust<sup>(b)</sup>  | GLS Auto Select Receivables Issuer Trust<sup>(b)</sup>  | GLS Auto Select Receivables Issuer Trust<sup>(b)</sup>  |
| Series 2025-4 Class A2 | Series 2025-4 Class A2 | Series 2025-4 Class A2 | Series 2025-4 Class A2 |
| 02/18/2031 | &nbsp;&nbsp; 4.170% | 1380000 | &nbsp;&nbsp; 1380964 |
| GLS Auto Select Receivables Trust<sup>(b)</sup>  | GLS Auto Select Receivables Trust<sup>(b)</sup>  | GLS Auto Select Receivables Trust<sup>(b)</sup>  | GLS Auto Select Receivables Trust<sup>(b)</sup>  |
| Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 |
| 06/17/2030 | &nbsp;&nbsp; 5.580% | 391250 | &nbsp;&nbsp; 395202 |
| Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 |
| 10/15/2029 | &nbsp;&nbsp; 5.590% | 1438221 | &nbsp;&nbsp; 1451339 |
| Series 2024-4A Class A2 | Series 2024-4A Class A2 | Series 2024-4A Class A2 | Series 2024-4A Class A2 |
| 12/17/2029 | &nbsp;&nbsp; 4.430% | 1081558 | &nbsp;&nbsp; 1085171 |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 04/15/2030 | &nbsp;&nbsp; 4.710% | 1510310 | &nbsp;&nbsp; 1519622 |
| Series 2025-3A Class A2 | Series 2025-3A Class A2 | Series 2025-3A Class A2 | Series 2025-3A Class A2 |
| 10/15/2030 | &nbsp;&nbsp; 4.460% | 1508073 | &nbsp;&nbsp; 1512881 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GM Financial Automobile Leasing Trust | GM Financial Automobile Leasing Trust | GM Financial Automobile Leasing Trust | GM Financial Automobile Leasing Trust |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 02/21/2028 | &nbsp;&nbsp; 4.660% | 2780000 | &nbsp;&nbsp; 2799925 |
| Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 |
| 08/21/2028 | &nbsp;&nbsp; 4.170% | 3550000 | &nbsp;&nbsp; 3570058 |
| GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust | GM Financial Consumer Automobile Receivables Trust |
| Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B |
| 04/16/2029 | &nbsp;&nbsp; 6.160% | 2800000 | &nbsp;&nbsp; 2872341 |
| Goal Capital Funding Trust<sup>(c)</sup>  | Goal Capital Funding Trust<sup>(c)</sup>  | Goal Capital Funding Trust<sup>(c)</sup>  | Goal Capital Funding Trust<sup>(c)</sup>  |
| Series 2006-1 Class B | Series 2006-1 Class B | Series 2006-1 Class B | Series 2006-1 Class B |
| 3-month Term SOFR + 0.712% <br>Floor 0.450% <br>08/25/2042<br>| &nbsp;&nbsp; 4.381% | 273149 | &nbsp;&nbsp; 265394 |
| Goldentree Loan Management US CLO Ltd.<sup>(b),(c)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(b),(c)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(b),(c)</sup>  | Goldentree Loan Management US CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2020-8A Class ARR | Series 2020-8A Class ARR | Series 2020-8A Class ARR | Series 2020-8A Class ARR |
| 3-month Term SOFR + 1.150% <br>10/20/2034<br>| &nbsp;&nbsp; 4.818% | 10550000 | &nbsp;&nbsp; 10559157 |
| GoodLeap Sustainable Home Solutions Trust<sup>(b)</sup>  | GoodLeap Sustainable Home Solutions Trust<sup>(b)</sup>  | GoodLeap Sustainable Home Solutions Trust<sup>(b)</sup>  | GoodLeap Sustainable Home Solutions Trust<sup>(b)</sup>  |
| Series 2021-3CS Class A | Series 2021-3CS Class A | Series 2021-3CS Class A | Series 2021-3CS Class A |
| 05/20/2048 | &nbsp;&nbsp; 2.100% | 2255747 | &nbsp;&nbsp; 1820622 |
| Greenacre Park CLO LLC<sup>(b),(c)</sup>  | Greenacre Park CLO LLC<sup>(b),(c)</sup>  | Greenacre Park CLO LLC<sup>(b),(c)</sup>  | Greenacre Park CLO LLC<sup>(b),(c)</sup>  |
| Series 2021-2 Class AR | Series 2021-2 Class AR | Series 2021-2 Class AR | Series 2021-2 Class AR |
| 3-month Term SOFR + 1.370% <br>Floor 1.370% <br>07/20/2037<br>| &nbsp;&nbsp; 5.038% | 6950000 | &nbsp;&nbsp; 6977689 |
| GreenSky Home Improvement Issuer Trust<sup>(b)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(b)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(b)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(b)</sup>  |
| Series 2024-2 Class A4 | Series 2024-2 Class A4 | Series 2024-2 Class A4 | Series 2024-2 Class A4 |
| 10/27/2059 | &nbsp;&nbsp; 5.150% | 291569 | &nbsp;&nbsp; 297473 |
| GreenSky Home Improvement Trust<sup>(b)</sup>  | GreenSky Home Improvement Trust<sup>(b)</sup>  | GreenSky Home Improvement Trust<sup>(b)</sup>  | GreenSky Home Improvement Trust<sup>(b)</sup>  |
| Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 | Series 2024-1 Class A3 |
| 06/25/2059 | &nbsp;&nbsp; 5.550% | 1745000 | &nbsp;&nbsp; 1792145 |
| Greywolf CLO VII Ltd.<sup>(b),(c)</sup>  | Greywolf CLO VII Ltd.<sup>(b),(c)</sup>  | Greywolf CLO VII Ltd.<sup>(b),(c)</sup>  | Greywolf CLO VII Ltd.<sup>(b),(c)</sup>  |
| Series 2018-2A Class A1 | Series 2018-2A Class A1 | Series 2018-2A Class A1 | Series 2018-2A Class A1 |
| 3-month Term SOFR + 1.440% <br>Floor 1.180% <br>10/20/2031<br>| &nbsp;&nbsp; 5.108% | 12265 | &nbsp;&nbsp; 12271 |
| Hayfin US XIV Ltd.<sup>(b),(c)</sup>  | Hayfin US XIV Ltd.<sup>(b),(c)</sup>  | Hayfin US XIV Ltd.<sup>(b),(c)</sup>  | Hayfin US XIV Ltd.<sup>(b),(c)</sup>  |
| Series 2021-14A Class A1R | Series 2021-14A Class A1R | Series 2021-14A Class A1R | Series 2021-14A Class A1R |
| 3-month Term SOFR + 1.300% <br>10/20/2038<br>| &nbsp;&nbsp; 4.968% | 20000000 | &nbsp;&nbsp; 20019740 |
| Hayfin US XV Ltd.<sup>(b),(c)</sup>  | Hayfin US XV Ltd.<sup>(b),(c)</sup>  | Hayfin US XV Ltd.<sup>(b),(c)</sup>  | Hayfin US XV Ltd.<sup>(b),(c)</sup>  |
| Series 2024-15A Class A1 | Series 2024-15A Class A1 | Series 2024-15A Class A1 | Series 2024-15A Class A1 |
| 3-month Term SOFR + 1.640% <br>Floor 1.640% <br>04/28/2037<br>| &nbsp;&nbsp; 5.311% | 24750000 | &nbsp;&nbsp; 24788981 |
| Helios Issuer LLC<sup>(b)</sup>  | Helios Issuer LLC<sup>(b)</sup>  | Helios Issuer LLC<sup>(b)</sup>  | Helios Issuer LLC<sup>(b)</sup>  |
| Series 2020-AA Class A | Series 2020-AA Class A | Series 2020-AA Class A | Series 2020-AA Class A |
| 06/20/2047 | &nbsp;&nbsp; 2.980% | 834171 | &nbsp;&nbsp; 763464 |
| Henderson Receivables LLC<sup>(b)</sup>  | Henderson Receivables LLC<sup>(b)</sup>  | Henderson Receivables LLC<sup>(b)</sup>  | Henderson Receivables LLC<sup>(b)</sup>  |
| Series 2013-3A Class A | Series 2013-3A Class A | Series 2013-3A Class A | Series 2013-3A Class A |
| 01/17/2073 | &nbsp;&nbsp; 4.080% | 1112122 | &nbsp;&nbsp; 1083251 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2014-2A Class A | Series 2014-2A Class A | Series 2014-2A Class A | Series 2014-2A Class A |
| 01/17/2073 | &nbsp;&nbsp; 3.610% | 1367151 | &nbsp;&nbsp; 1258563 |
| Hertz Vehicle Financing III LLC<sup>(b)</sup>  | Hertz Vehicle Financing III LLC<sup>(b)</sup>  | Hertz Vehicle Financing III LLC<sup>(b)</sup>  | Hertz Vehicle Financing III LLC<sup>(b)</sup>  |
| Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A |
| 02/25/2028 | &nbsp;&nbsp; 5.940% | 4660000 | &nbsp;&nbsp; 4725506 |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 01/25/2029 | &nbsp;&nbsp; 5.440% | 3815000 | &nbsp;&nbsp; 3892909 |
| Hertz Vehicle Financing LLC<sup>(b)</sup>  | Hertz Vehicle Financing LLC<sup>(b)</sup>  | Hertz Vehicle Financing LLC<sup>(b)</sup>  | Hertz Vehicle Financing LLC<sup>(b)</sup>  |
| Series 2022-2A Class A | Series 2022-2A Class A | Series 2022-2A Class A | Series 2022-2A Class A |
| 06/26/2028 | &nbsp;&nbsp; 2.330% | 3830000 | &nbsp;&nbsp; 3758661 |
| Hilton Grand Vacations Trust<sup>(b)</sup>  | Hilton Grand Vacations Trust<sup>(b)</sup>  | Hilton Grand Vacations Trust<sup>(b)</sup>  | Hilton Grand Vacations Trust<sup>(b)</sup>  |
| Subordinated Series 2022-2A Class C | Subordinated Series 2022-2A Class C | Subordinated Series 2022-2A Class C | Subordinated Series 2022-2A Class C |
| 01/25/2037 | &nbsp;&nbsp; 5.570% | 86788 | &nbsp;&nbsp; 87724 |
| HPS Loan Management Ltd.<sup>(b),(c)</sup>  | HPS Loan Management Ltd.<sup>(b),(c)</sup>  | HPS Loan Management Ltd.<sup>(b),(c)</sup>  | HPS Loan Management Ltd.<sup>(b),(c)</sup>  |
| Series 2024-21A Class B | Series 2024-21A Class B | Series 2024-21A Class B | Series 2024-21A Class B |
| 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>10/15/2037<br>| &nbsp;&nbsp; 5.422% | 13000000 | &nbsp;&nbsp; 13042653 |
| Huntington Auto Trust<sup>(b)</sup>  | Huntington Auto Trust<sup>(b)</sup>  | Huntington Auto Trust<sup>(b)</sup>  | Huntington Auto Trust<sup>(b)</sup>  |
| Series 2024-1A Class A3 | Series 2024-1A Class A3 | Series 2024-1A Class A3 | Series 2024-1A Class A3 |
| 01/16/2029 | &nbsp;&nbsp; 5.230% | 1723481 | &nbsp;&nbsp; 1740593 |
| Hyundai Auto Lease Securitization Trust<sup>(b)</sup>  | Hyundai Auto Lease Securitization Trust<sup>(b)</sup>  | Hyundai Auto Lease Securitization Trust<sup>(b)</sup>  | Hyundai Auto Lease Securitization Trust<sup>(b)</sup>  |
| Series 2026-A Class A3 | Series 2026-A Class A3 | Series 2026-A Class A3 | Series 2026-A Class A3 |
| 12/15/2028 | &nbsp;&nbsp; 3.970% | 3515000 | &nbsp;&nbsp; 3529523 |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust |
| Series 2025-B Class A3 | Series 2025-B Class A3 | Series 2025-B Class A3 | Series 2025-B Class A3 |
| 12/17/2029 | &nbsp;&nbsp; 4.360% | 1615000 | &nbsp;&nbsp; 1632447 |
| ICG US CLO Ltd.<sup>(b),(c)</sup>  | ICG US CLO Ltd.<sup>(b),(c)</sup>  | ICG US CLO Ltd.<sup>(b),(c)</sup>  | ICG US CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2016-1A Class A2R3 | Series 2016-1A Class A2R3 | Series 2016-1A Class A2R3 | Series 2016-1A Class A2R3 |
| 3-month Term SOFR + 1.600% <br>Floor 1.600% <br>04/29/2034<br>| &nbsp;&nbsp; 5.443% | 3250000 | &nbsp;&nbsp; 3252509 |
| Invesco CLO Ltd.<sup>(b),(c)</sup>  | Invesco CLO Ltd.<sup>(b),(c)</sup>  | Invesco CLO Ltd.<sup>(b),(c)</sup>  | Invesco CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR |
| 3-month Term SOFR + 1.600% <br>Floor 1.600% <br>07/15/2034<br>| &nbsp;&nbsp; 5.272% | 4000000 | &nbsp;&nbsp; 4000132 |
| Invesco US CLO Ltd.<sup>(b),(c)</sup>  | Invesco US CLO Ltd.<sup>(b),(c)</sup>  | Invesco US CLO Ltd.<sup>(b),(c)</sup>  | Invesco US CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2023-1A Class AR2 | Series 2023-1A Class AR2 | Series 2023-1A Class AR2 | Series 2023-1A Class AR2 |
| 3-month Term SOFR + 1.110% <br>Floor 1.110% <br>04/22/2037<br>| &nbsp;&nbsp; 3.660% | 7800000 | &nbsp;&nbsp; 7800382 |
| Jersey Mike's Funding LLC<sup>(b)</sup>  | Jersey Mike's Funding LLC<sup>(b)</sup>  | Jersey Mike's Funding LLC<sup>(b)</sup>  | Jersey Mike's Funding LLC<sup>(b)</sup>  |
| Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 |
| 02/15/2055 | &nbsp;&nbsp; 5.636% | 2970000 | &nbsp;&nbsp; 3063393 |
| Kayne Ltd.<sup>(b),(c)</sup>  | Kayne Ltd.<sup>(b),(c)</sup>  | Kayne Ltd.<sup>(b),(c)</sup>  | Kayne Ltd.<sup>(b),(c)</sup>  |
| Series 2021-10A Class C | Series 2021-10A Class C | Series 2021-10A Class C | Series 2021-10A Class C |
| 3-month Term SOFR + 2.012% <br>Floor 1.750% <br>04/23/2034<br>| &nbsp;&nbsp; 5.683% | 1600000 | &nbsp;&nbsp; 1602173 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| KKR CLO 33 Ltd.<sup>(b),(c)</sup>  | KKR CLO 33 Ltd.<sup>(b),(c)</sup>  | KKR CLO 33 Ltd.<sup>(b),(c)</sup>  | KKR CLO 33 Ltd.<sup>(b),(c)</sup>  |
| Series 2025-33A Class AR | Series 2025-33A Class AR | Series 2025-33A Class AR | Series 2025-33A Class AR |
| 3-month Term SOFR + 1.080% <br>Floor 1.080% <br>07/20/2034<br>| &nbsp;&nbsp; 4.748% | 16800000 | &nbsp;&nbsp; 16807610 |
| Series 2025-33A Class BR | Series 2025-33A Class BR | Series 2025-33A Class BR | Series 2025-33A Class BR |
| 3-month Term SOFR + 1.600% <br>Floor 1.600% <br>07/20/2034<br>| &nbsp;&nbsp; 5.268% | 5350000 | &nbsp;&nbsp; 5350000 |
| LAD Auto Receivables Trust<sup>(b)</sup>  | LAD Auto Receivables Trust<sup>(b)</sup>  | LAD Auto Receivables Trust<sup>(b)</sup>  | LAD Auto Receivables Trust<sup>(b)</sup>  |
| Series 2024-1A Class A4 | Series 2024-1A Class A4 | Series 2024-1A Class A4 | Series 2024-1A Class A4 |
| 09/15/2028 | &nbsp;&nbsp; 5.170% | 1015000 | &nbsp;&nbsp; 1019734 |
| Series 2024-2A Class A3 | Series 2024-2A Class A3 | Series 2024-2A Class A3 | Series 2024-2A Class A3 |
| 08/15/2028 | &nbsp;&nbsp; 5.610% | 1008567 | &nbsp;&nbsp; 1012914 |
| Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 |
| 03/15/2029 | &nbsp;&nbsp; 4.520% | 1610000 | &nbsp;&nbsp; 1616397 |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 07/16/2029 | &nbsp;&nbsp; 4.690% | 4465000 | &nbsp;&nbsp; 4494080 |
| Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 |
| 01/15/2030 | &nbsp;&nbsp; 4.250% | 1440000 | &nbsp;&nbsp; 1449084 |
| Subordinated Series 2023-4A Class B | Subordinated Series 2023-4A Class B | Subordinated Series 2023-4A Class B | Subordinated Series 2023-4A Class B |
| 10/16/2028 | &nbsp;&nbsp; 6.390% | 1515000 | &nbsp;&nbsp; 1536212 |
| Lakeside Park CLO Ltd.<sup>(b),(c)</sup>  | Lakeside Park CLO Ltd.<sup>(b),(c)</sup>  | Lakeside Park CLO Ltd.<sup>(b),(c)</sup>  | Lakeside Park CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2025-1A Class B1 | Series 2025-1A Class B1 | Series 2025-1A Class B1 | Series 2025-1A Class B1 |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/15/2038<br>| &nbsp;&nbsp; 5.455% | 3660000 | &nbsp;&nbsp; 3665256 |
| LCM 39 Ltd.<sup>(b),(c),(d)</sup>  | LCM 39 Ltd.<sup>(b),(c),(d)</sup>  | LCM 39 Ltd.<sup>(b),(c),(d)</sup>  | LCM 39 Ltd.<sup>(b),(c),(d)</sup>  |
| Series 2026-39A Class A1R2 | Series 2026-39A Class A1R2 | Series 2026-39A Class A1R2 | Series 2026-39A Class A1R2 |
| 3-month Term SOFR + 1.040% <br>10/15/2034<br>| &nbsp;&nbsp; 3.669% | 8500000 | &nbsp;&nbsp; 8499958 |
| LCM Ltd.<sup>(b),(c)</sup>  | LCM Ltd.<sup>(b),(c)</sup>  | LCM Ltd.<sup>(b),(c)</sup>  | LCM Ltd.<sup>(b),(c)</sup>  |
| Series 2030A Class AR | Series 2030A Class AR | Series 2030A Class AR | Series 2030A Class AR |
| 3-month Term SOFR + 1.342% <br>Floor 1.080% <br>04/20/2031<br>| &nbsp;&nbsp; 5.009% | 669179 | &nbsp;&nbsp; 670623 |
| Lending Funding Trust<sup>(b)</sup>  | Lending Funding Trust<sup>(b)</sup>  | Lending Funding Trust<sup>(b)</sup>  | Lending Funding Trust<sup>(b)</sup>  |
| Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A |
| 04/21/2031 | &nbsp;&nbsp; 2.320% | 434597 | &nbsp;&nbsp; 430346 |
| Lendmark Funding Trust<sup>(b)</sup>  | Lendmark Funding Trust<sup>(b)</sup>  | Lendmark Funding Trust<sup>(b)</sup>  | Lendmark Funding Trust<sup>(b)</sup>  |
| Series 2021-1A Class A | Series 2021-1A Class A | Series 2021-1A Class A | Series 2021-1A Class A |
| 11/20/2031 | &nbsp;&nbsp; 1.900% | 5000000 | &nbsp;&nbsp; 4903621 |
| Lightpath Fiber Issuer LLC<sup>(b),(d)</sup>  | Lightpath Fiber Issuer LLC<sup>(b),(d)</sup>  | Lightpath Fiber Issuer LLC<sup>(b),(d)</sup>  | Lightpath Fiber Issuer LLC<sup>(b),(d)</sup>  |
| Series 2026-1 Class A2 | Series 2026-1 Class A2 | Series 2026-1 Class A2 | Series 2026-1 Class A2 |
| 03/25/2056 | &nbsp;&nbsp; 5.597% | 6000000 | &nbsp;&nbsp; 6079922 |
| Loanpal Solar Loan Ltd.<sup>(b)</sup>  | Loanpal Solar Loan Ltd.<sup>(b)</sup>  | Loanpal Solar Loan Ltd.<sup>(b)</sup>  | Loanpal Solar Loan Ltd.<sup>(b)</sup>  |
| Series 2020-2GF Class A | Series 2020-2GF Class A | Series 2020-2GF Class A | Series 2020-2GF Class A |
| 07/20/2047 | &nbsp;&nbsp; 2.750% | 1078963 | &nbsp;&nbsp; 931389 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| M&T Bank Auto Receivables Trust<sup>(b)</sup>  | M&T Bank Auto Receivables Trust<sup>(b)</sup>  | M&T Bank Auto Receivables Trust<sup>(b)</sup>  | M&T Bank Auto Receivables Trust<sup>(b)</sup>  |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 06/17/2030 | &nbsp;&nbsp; 4.730% | 1425000 | &nbsp;&nbsp; 1447284 |
| M&T Equipment Notes<sup>(b)</sup>  | M&T Equipment Notes<sup>(b)</sup>  | M&T Equipment Notes<sup>(b)</sup>  | M&T Equipment Notes<sup>(b)</sup>  |
| Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 |
| 07/15/2030 | &nbsp;&nbsp; 5.740% | 822540 | &nbsp;&nbsp; 826686 |
| Madison Park Funding XXVIII Ltd.<sup>(b),(c)</sup>  | Madison Park Funding XXVIII Ltd.<sup>(b),(c)</sup>  | Madison Park Funding XXVIII Ltd.<sup>(b),(c)</sup>  | Madison Park Funding XXVIII Ltd.<sup>(b),(c)</sup>  |
| Series 2018-28A Class BR | Series 2018-28A Class BR | Series 2018-28A Class BR | Series 2018-28A Class BR |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>01/15/2038<br>| &nbsp;&nbsp; 5.372% | 17000000 | &nbsp;&nbsp; 17059500 |
| Madison Park Funding XXX Ltd.<sup>(b),(c)</sup>  | Madison Park Funding XXX Ltd.<sup>(b),(c)</sup>  | Madison Park Funding XXX Ltd.<sup>(b),(c)</sup>  | Madison Park Funding XXX Ltd.<sup>(b),(c)</sup>  |
| Series 2024-30A Class A1R | Series 2024-30A Class A1R | Series 2024-30A Class A1R | Series 2024-30A Class A1R |
| 3-month Term SOFR + 1.360% <br>Floor 1.360% <br>07/16/2037<br>| &nbsp;&nbsp; 5.031% | 6000000 | &nbsp;&nbsp; 6008178 |
| Magnetite Ltd.<sup>(b),(c)</sup>  | Magnetite Ltd.<sup>(b),(c)</sup>  | Magnetite Ltd.<sup>(b),(c)</sup>  | Magnetite Ltd.<sup>(b),(c)</sup>  |
| Series 2019-23A Class AR2 | Series 2019-23A Class AR2 | Series 2019-23A Class AR2 | Series 2019-23A Class AR2 |
| 3-month Term SOFR + 0.990% <br>Floor 0.990% <br>01/25/2035<br>| &nbsp;&nbsp; 3.671% | 10750000 | &nbsp;&nbsp; 10759267 |
| Magnetite XLV Ltd.<sup>(b),(c)</sup>  | Magnetite XLV Ltd.<sup>(b),(c)</sup>  | Magnetite XLV Ltd.<sup>(b),(c)</sup>  | Magnetite XLV Ltd.<sup>(b),(c)</sup>  |
| Series 2025-45 Class B | Series 2025-45 Class B | Series 2025-45 Class B | Series 2025-45 Class B |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/15/2038<br>| &nbsp;&nbsp; 5.222% | 3910000 | &nbsp;&nbsp; 3924569 |
| Massachusetts Educational Financing Authority | Massachusetts Educational Financing Authority | Massachusetts Educational Financing Authority | Massachusetts Educational Financing Authority |
| Series 2018-A Class A | Series 2018-A Class A | Series 2018-A Class A | Series 2018-A Class A |
| 05/25/2033 | &nbsp;&nbsp; 3.850% | 661943 | &nbsp;&nbsp; 642571 |
| Merchants Fleet Funding LLC<sup>(b)</sup>  | Merchants Fleet Funding LLC<sup>(b)</sup>  | Merchants Fleet Funding LLC<sup>(b)</sup>  | Merchants Fleet Funding LLC<sup>(b)</sup>  |
| Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A |
| 05/20/2036 | &nbsp;&nbsp; 7.210% | 1269290 | &nbsp;&nbsp; 1272670 |
| Mercury Financial Credit Card Master Trust<sup>(b)</sup>  | Mercury Financial Credit Card Master Trust<sup>(b)</sup>  | Mercury Financial Credit Card Master Trust<sup>(b)</sup>  | Mercury Financial Credit Card Master Trust<sup>(b)</sup>  |
| Series 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A | Series 2024-2 Class A |
| 07/20/2029 | &nbsp;&nbsp; 6.560% | 3155000 | &nbsp;&nbsp; 3160990 |
| MetroNet Infrastructure Issuer LLC<sup>(b)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(b)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(b)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(b)</sup>  |
| Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 |
| 08/20/2055 | &nbsp;&nbsp; 5.400% | 2015000 | &nbsp;&nbsp; 2060813 |
| MF1 LLC<sup>(b),(c)</sup>  | MF1 LLC<sup>(b),(c)</sup>  | MF1 LLC<sup>(b),(c)</sup>  | MF1 LLC<sup>(b),(c)</sup>  |
| Series 2024-FL14 Class A | Series 2024-FL14 Class A | Series 2024-FL14 Class A | Series 2024-FL14 Class A |
| 1-month Term SOFR + 1.737% <br>Floor 1.737%, Cap 1.737% <br>03/19/2039<br>| &nbsp;&nbsp; 5.397% | 3000000 | &nbsp;&nbsp; 3007472 |
| Mid-State Capital Corp. Trust<sup>(b)</sup>  | Mid-State Capital Corp. Trust<sup>(b)</sup>  | Mid-State Capital Corp. Trust<sup>(b)</sup>  | Mid-State Capital Corp. Trust<sup>(b)</sup>  |
| Series 2006-1 Class A | Series 2006-1 Class A | Series 2006-1 Class A | Series 2006-1 Class A |
| 10/15/2040 | &nbsp;&nbsp; 5.787% | 300765 | &nbsp;&nbsp; 302747 |
| Mill City Solar Loan Ltd.<sup>(b)</sup>  | Mill City Solar Loan Ltd.<sup>(b)</sup>  | Mill City Solar Loan Ltd.<sup>(b)</sup>  | Mill City Solar Loan Ltd.<sup>(b)</sup>  |
| Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A |
| 03/20/2043 | &nbsp;&nbsp; 4.340% | 708481 | &nbsp;&nbsp; 672606 |
| Series 2019-2GS Class A | Series 2019-2GS Class A | Series 2019-2GS Class A | Series 2019-2GS Class A |
| 07/20/2043 | &nbsp;&nbsp; 3.690% | 767888 | &nbsp;&nbsp; 705401 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Mission Lane Credit Card Master Trust<sup>(b)</sup>  | Mission Lane Credit Card Master Trust<sup>(b)</sup>  | Mission Lane Credit Card Master Trust<sup>(b)</sup>  | Mission Lane Credit Card Master Trust<sup>(b)</sup>  |
| Series 2024-B Class A | Series 2024-B Class A | Series 2024-B Class A | Series 2024-B Class A |
| 01/15/2030 | &nbsp;&nbsp; 5.880% | 2955000 | &nbsp;&nbsp; 2967016 |
| Mosaic Solar Loan Trust<sup>(b)</sup>  | Mosaic Solar Loan Trust<sup>(b)</sup>  | Mosaic Solar Loan Trust<sup>(b)</sup>  | Mosaic Solar Loan Trust<sup>(b)</sup>  |
| Series 2018-1A Class A | Series 2018-1A Class A | Series 2018-1A Class A | Series 2018-1A Class A |
| 06/22/2043 | &nbsp;&nbsp; 4.010% | 322067 | &nbsp;&nbsp; 306623 |
| Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A |
| 12/21/2043 | &nbsp;&nbsp; 4.370% | 657147 | &nbsp;&nbsp; 627297 |
| Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A |
| 08/20/2046 | &nbsp;&nbsp; 1.440% | 1200054 | &nbsp;&nbsp; 1018431 |
| Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A | Series 2023-3A Class A |
| 11/20/2053 | &nbsp;&nbsp; 5.910% | 1905956 | &nbsp;&nbsp; 1888084 |
| Series 2023-4A Class A | Series 2023-4A Class A | Series 2023-4A Class A | Series 2023-4A Class A |
| 05/20/2053 | &nbsp;&nbsp; 6.400% | 2797522 | &nbsp;&nbsp; 2818185 |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 09/20/2049 | &nbsp;&nbsp; 5.500% | 1861467 | &nbsp;&nbsp; 1831117 |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 04/22/2052 | &nbsp;&nbsp; 5.600% | 2655084 | &nbsp;&nbsp; 2584095 |
| Subordinated Series 2018-2GS Class B | Subordinated Series 2018-2GS Class B | Subordinated Series 2018-2GS Class B | Subordinated Series 2018-2GS Class B |
| 02/22/2044 | &nbsp;&nbsp; 4.740% | 412821 | &nbsp;&nbsp; 379165 |
| Subordinated Series 2020-2A Class B | Subordinated Series 2020-2A Class B | Subordinated Series 2020-2A Class B | Subordinated Series 2020-2A Class B |
| 08/20/2046 | &nbsp;&nbsp; 2.210% | 771947 | &nbsp;&nbsp; 633068 |
| Subordinated Series 2021-2A Class B | Subordinated Series 2021-2A Class B | Subordinated Series 2021-2A Class B | Subordinated Series 2021-2A Class B |
| 04/22/2047 | &nbsp;&nbsp; 2.090% | 691437 | &nbsp;&nbsp; 526129 |
| Mosaic Solar Loans LLC<sup>(b)</sup>  | Mosaic Solar Loans LLC<sup>(b)</sup>  | Mosaic Solar Loans LLC<sup>(b)</sup>  | Mosaic Solar Loans LLC<sup>(b)</sup>  |
| Series 2017-2A Class A | Series 2017-2A Class A | Series 2017-2A Class A | Series 2017-2A Class A |
| 06/22/2043 | &nbsp;&nbsp; 3.820% | 330416 | &nbsp;&nbsp; 315296 |
| MP CLO VIII Ltd.<sup>(b),(c)</sup>  | MP CLO VIII Ltd.<sup>(b),(c)</sup>  | MP CLO VIII Ltd.<sup>(b),(c)</sup>  | MP CLO VIII Ltd.<sup>(b),(c)</sup>  |
| Series 2015-2A Class ARR | Series 2015-2A Class ARR | Series 2015-2A Class ARR | Series 2015-2A Class ARR |
| 3-month Term SOFR + 1.462% <br>Floor 1.200% <br>04/28/2034<br>| &nbsp;&nbsp; 5.133% | 16100000 | &nbsp;&nbsp; 16117517 |
| MVW LLC<sup>(b)</sup>  | MVW LLC<sup>(b)</sup>  | MVW LLC<sup>(b)</sup>  | MVW LLC<sup>(b)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 02/20/2043 | &nbsp;&nbsp; 5.320% | 678165 | &nbsp;&nbsp; 693386 |
| Navient Private Education Refi Loan Trust<sup>(b)</sup>  | Navient Private Education Refi Loan Trust<sup>(b)</sup>  | Navient Private Education Refi Loan Trust<sup>(b)</sup>  | Navient Private Education Refi Loan Trust<sup>(b)</sup>  |
| Series 2020-BA Class A2 | Series 2020-BA Class A2 | Series 2020-BA Class A2 | Series 2020-BA Class A2 |
| 01/15/2069 | &nbsp;&nbsp; 2.120% | 529946 | &nbsp;&nbsp; 505204 |
| Series 2020-DA Class A | Series 2020-DA Class A | Series 2020-DA Class A | Series 2020-DA Class A |
| 05/15/2069 | &nbsp;&nbsp; 1.690% | 2535656 | &nbsp;&nbsp; 2426283 |
| Series 2020-FA Class A | Series 2020-FA Class A | Series 2020-FA Class A | Series 2020-FA Class A |
| 07/15/2069 | &nbsp;&nbsp; 1.220% | 333081 | &nbsp;&nbsp; 317116 |
| Series 2020-GA Class A | Series 2020-GA Class A | Series 2020-GA Class A | Series 2020-GA Class A |
| 09/16/2069 | &nbsp;&nbsp; 1.170% | 637109 | &nbsp;&nbsp; 601624 |
| Series 2021-A Class A | Series 2021-A Class A | Series 2021-A Class A | Series 2021-A Class A |
| 05/15/2069 | &nbsp;&nbsp; 0.840% | 370718 | &nbsp;&nbsp; 343908 |
| Series 2021-BA Class A | Series 2021-BA Class A | Series 2021-BA Class A | Series 2021-BA Class A |
| 07/15/2069 | &nbsp;&nbsp; 0.940% | 786021 | &nbsp;&nbsp; 721732 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Neuberger Berman CLO XVII Ltd.<sup>(b),(c)</sup>  | Neuberger Berman CLO XVII Ltd.<sup>(b),(c)</sup>  | Neuberger Berman CLO XVII Ltd.<sup>(b),(c)</sup>  | Neuberger Berman CLO XVII Ltd.<sup>(b),(c)</sup>  |
| Series 2014-17A Class AR3 | Series 2014-17A Class AR3 | Series 2014-17A Class AR3 | Series 2014-17A Class AR3 |
| 3-month Term SOFR + 1.400% <br>Floor 1.400% <br>07/22/2038<br>| &nbsp;&nbsp; 5.069% | 3500000 | &nbsp;&nbsp; 3503500 |
| Series 2014-17A Class CR3 | Series 2014-17A Class CR3 | Series 2014-17A Class CR3 | Series 2014-17A Class CR3 |
| 3-month Term SOFR + 2.150% <br>Floor 2.150% <br>07/22/2038<br>| &nbsp;&nbsp; 5.819% | 1650000 | &nbsp;&nbsp; 1654127 |
| Neuberger Berman Loan Advisers CLO 47 Ltd.<sup>(b),(c)</sup>  | Neuberger Berman Loan Advisers CLO 47 Ltd.<sup>(b),(c)</sup>  | Neuberger Berman Loan Advisers CLO 47 Ltd.<sup>(b),(c)</sup>  | Neuberger Berman Loan Advisers CLO 47 Ltd.<sup>(b),(c)</sup>  |
| Series 2025-47 Class AR | Series 2025-47 Class AR | Series 2025-47 Class AR | Series 2025-47 Class AR |
| 3-month Term SOFR + 1.090% <br>Floor 1.090% <br>04/16/2035<br>| &nbsp;&nbsp; 4.757% | 5000000 | &nbsp;&nbsp; 5006525 |
| Neuberger Berman Loan Advisers CLO 51 Ltd.<sup>(b),(c),(d)</sup>  | Neuberger Berman Loan Advisers CLO 51 Ltd.<sup>(b),(c),(d)</sup>  | Neuberger Berman Loan Advisers CLO 51 Ltd.<sup>(b),(c),(d)</sup>  | Neuberger Berman Loan Advisers CLO 51 Ltd.<sup>(b),(c),(d)</sup>  |
| Series 2026-51A Class AR2 | Series 2026-51A Class AR2 | Series 2026-51A Class AR2 | Series 2026-51A Class AR2 |
| 3-month Term SOFR + 1.000% <br>10/23/2036<br>| &nbsp;&nbsp; 0.000% | 5500000 | &nbsp;&nbsp; 5499973 |
| Neuberger Berman Loan Advisers CLO Ltd.<sup>(b),(c)</sup>  | Neuberger Berman Loan Advisers CLO Ltd.<sup>(b),(c)</sup>  | Neuberger Berman Loan Advisers CLO Ltd.<sup>(b),(c)</sup>  | Neuberger Berman Loan Advisers CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2025-33A Class CR2 | Series 2025-33A Class CR2 | Series 2025-33A Class CR2 | Series 2025-33A Class CR2 |
| 3-month Term SOFR + 2.000% <br>Floor 2.000% <br>04/16/2039<br>| &nbsp;&nbsp; 5.671% | 2000000 | &nbsp;&nbsp; 2008988 |
| Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd.<sup>(b),(c)</sup>  | Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd.<sup>(b),(c)</sup>  | Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd.<sup>(b),(c)</sup>  | Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd.<sup>(b),(c)</sup>  |
| Series 2023-1A Class BR | Series 2023-1A Class BR | Series 2023-1A Class BR | Series 2023-1A Class BR |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>10/25/2036<br>| &nbsp;&nbsp; 3.935% | 9000000 | &nbsp;&nbsp; 9031617 |
| New Economy Assets Phase 1 Sponsor LLC<sup>(b)</sup>  | New Economy Assets Phase 1 Sponsor LLC<sup>(b)</sup>  | New Economy Assets Phase 1 Sponsor LLC<sup>(b)</sup>  | New Economy Assets Phase 1 Sponsor LLC<sup>(b)</sup>  |
| Series 2021-1 Class A1 | Series 2021-1 Class A1 | Series 2021-1 Class A1 | Series 2021-1 Class A1 |
| 10/20/2061 | &nbsp;&nbsp; 1.910% | 5030000 | &nbsp;&nbsp; 4266739 |
| NextGear Floorplan Master Owner Trust<sup>(b)</sup>  | NextGear Floorplan Master Owner Trust<sup>(b)</sup>  | NextGear Floorplan Master Owner Trust<sup>(b)</sup>  | NextGear Floorplan Master Owner Trust<sup>(b)</sup>  |
| Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 | Series 2025-2 Class A2 |
| 10/15/2030 | &nbsp;&nbsp; 4.230% | 2260000 | &nbsp;&nbsp; 2263355 |
| NMEF Funding LLC<sup>(b)</sup>  | NMEF Funding LLC<sup>(b)</sup>  | NMEF Funding LLC<sup>(b)</sup>  | NMEF Funding LLC<sup>(b)</sup>  |
| Series 2025-B Class D | Series 2025-B Class D | Series 2025-B Class D | Series 2025-B Class D |
| 01/18/2033 | &nbsp;&nbsp; 5.470% | 6200000 | &nbsp;&nbsp; 6288730 |
| Oaktree CLO Ltd.<sup>(b),(c)</sup>  | Oaktree CLO Ltd.<sup>(b),(c)</sup>  | Oaktree CLO Ltd.<sup>(b),(c)</sup>  | Oaktree CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2022-3A Class CR | Series 2022-3A Class CR | Series 2022-3A Class CR | Series 2022-3A Class CR |
| 3-month Term SOFR + 2.100% <br>Floor 2.100% <br>10/15/2037<br>| &nbsp;&nbsp; 5.772% | 4050000 | &nbsp;&nbsp; 4053864 |
| Series 2024-25 Class C | Series 2024-25 Class C | Series 2024-25 Class C | Series 2024-25 Class C |
| 3-month Term SOFR + 2.500% <br>Floor 2.500% <br>04/20/2037<br>| &nbsp;&nbsp; 6.168% | 1950000 | &nbsp;&nbsp; 1953399 |
| OCP CLO Ltd.<sup>(b),(c)</sup>  | OCP CLO Ltd.<sup>(b),(c)</sup>  | OCP CLO Ltd.<sup>(b),(c)</sup>  | OCP CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2019-17A Class AR2 | Series 2019-17A Class AR2 | Series 2019-17A Class AR2 | Series 2019-17A Class AR2 |
| 3-month Term SOFR + 1.400% <br>Floor 1.400% <br>07/20/2037<br>| &nbsp;&nbsp; 5.068% | 2270000 | &nbsp;&nbsp; 2276751 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2020-19RR Class BR2 | Series 2020-19RR Class BR2 | Series 2020-19RR Class BR2 | Series 2020-19RR Class BR2 |
| 3-month Term SOFR + 1.600% <br>04/20/2038<br>| &nbsp;&nbsp; 5.268% | 10000000 | &nbsp;&nbsp; 10024010 |
| Octagon 55 Ltd.<sup>(b),(c)</sup>  | Octagon 55 Ltd.<sup>(b),(c)</sup>  | Octagon 55 Ltd.<sup>(b),(c)</sup>  | Octagon 55 Ltd.<sup>(b),(c)</sup>  |
| Series 2021-1A Class A1R | Series 2021-1A Class A1R | Series 2021-1A Class A1R | Series 2021-1A Class A1R |
| 3-month Term SOFR + 1.260% <br>Floor 1.260% <br>03/20/2038<br>| &nbsp;&nbsp; 4.928% | 27000000 | &nbsp;&nbsp; 27083538 |
| Octagon 58 Ltd.<sup>(b),(c)</sup>  | Octagon 58 Ltd.<sup>(b),(c)</sup>  | Octagon 58 Ltd.<sup>(b),(c)</sup>  | Octagon 58 Ltd.<sup>(b),(c)</sup>  |
| Series 2022-1A Class BR | Series 2022-1A Class BR | Series 2022-1A Class BR | Series 2022-1A Class BR |
| 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>04/15/2038<br>| &nbsp;&nbsp; 5.422% | 2160000 | &nbsp;&nbsp; 2166394 |
| Octagon 68 Ltd.<sup>(b),(e)</sup>  | Octagon 68 Ltd.<sup>(b),(e)</sup>  | Octagon 68 Ltd.<sup>(b),(e)</sup>  | Octagon 68 Ltd.<sup>(b),(e)</sup>  |
| Series 2023-1A Class A1R | Series 2023-1A Class A1R | Series 2023-1A Class A1R | Series 2023-1A Class A1R |
| 10/20/2038 | &nbsp;&nbsp; 4.898% | 18750000 | &nbsp;&nbsp; 18803531 |
| Octagon Investment Partners 49 Ltd.<sup>(b),(c)</sup>  | Octagon Investment Partners 49 Ltd.<sup>(b),(c)</sup>  | Octagon Investment Partners 49 Ltd.<sup>(b),(c)</sup>  | Octagon Investment Partners 49 Ltd.<sup>(b),(c)</sup>  |
| Series 2049-RR Class ARR | Series 2049-RR Class ARR | Series 2049-RR Class ARR | Series 2049-RR Class ARR |
| 3-month Term SOFR + 1.120% <br>04/15/2037<br>| &nbsp;&nbsp; 3.652% | 1800000 | &nbsp;&nbsp; 1800648 |
| Octagon Investment Partners 50 Ltd.<sup>(b),(c)</sup>  | Octagon Investment Partners 50 Ltd.<sup>(b),(c)</sup>  | Octagon Investment Partners 50 Ltd.<sup>(b),(c)</sup>  | Octagon Investment Partners 50 Ltd.<sup>(b),(c)</sup>  |
| Series 2020-4A Class BR2 | Series 2020-4A Class BR2 | Series 2020-4A Class BR2 | Series 2020-4A Class BR2 |
| 3-month Term SOFR + 1.550% <br>01/15/2035<br>| &nbsp;&nbsp; 5.222% | 4150000 | &nbsp;&nbsp; 4152038 |
| Octagon Investment Partners Ltd.<sup>(b),(c)</sup>  | Octagon Investment Partners Ltd.<sup>(b),(c)</sup>  | Octagon Investment Partners Ltd.<sup>(b),(c)</sup>  | Octagon Investment Partners Ltd.<sup>(b),(c)</sup>  |
| Series 2016-1A Class A1R2 | Series 2016-1A Class A1R2 | Series 2016-1A Class A1R2 | Series 2016-1A Class A1R2 |
| 3-month Term SOFR + 1.420% <br>Floor 1.420% <br>07/18/2037<br>| &nbsp;&nbsp; 5.088% | 5345000 | &nbsp;&nbsp; 5358485 |
| Octane Receivables Trust<sup>(b)</sup>  | Octane Receivables Trust<sup>(b)</sup>  | Octane Receivables Trust<sup>(b)</sup>  | Octane Receivables Trust<sup>(b)</sup>  |
| Series 2024-2 Class A2 | Series 2024-2 Class A2 | Series 2024-2 Class A2 | Series 2024-2 Class A2 |
| 07/20/2032 | &nbsp;&nbsp; 5.800% | 1567567 | &nbsp;&nbsp; 1581497 |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 02/20/2031 | &nbsp;&nbsp; 4.250% | 4210000 | &nbsp;&nbsp; 4213644 |
| OHA Credit Partners VII Ltd.<sup>(b),(c)</sup>  | OHA Credit Partners VII Ltd.<sup>(b),(c)</sup>  | OHA Credit Partners VII Ltd.<sup>(b),(c)</sup>  | OHA Credit Partners VII Ltd.<sup>(b),(c)</sup>  |
| Series 2025-7A Class CR4 | Series 2025-7A Class CR4 | Series 2025-7A Class CR4 | Series 2025-7A Class CR4 |
| 3-month Term SOFR + 1.700% <br>Floor 1.700% <br>02/20/2038<br>| &nbsp;&nbsp; 5.356% | 5000000 | &nbsp;&nbsp; 5005920 |
| OHA Credit Partners XVII Ltd.<sup>(b),(c)</sup>  | OHA Credit Partners XVII Ltd.<sup>(b),(c)</sup>  | OHA Credit Partners XVII Ltd.<sup>(b),(c)</sup>  | OHA Credit Partners XVII Ltd.<sup>(b),(c)</sup>  |
| Series 2024-17A Class A | Series 2024-17A Class A | Series 2024-17A Class A | Series 2024-17A Class A |
| 3-month Term SOFR + 1.320% <br>Floor 1.320% <br>01/18/2038<br>| &nbsp;&nbsp; 4.988% | 34750000 | &nbsp;&nbsp; 34750000 |
| OnDeck Asset Securitization IV LLC<sup>(b)</sup>  | OnDeck Asset Securitization IV LLC<sup>(b)</sup>  | OnDeck Asset Securitization IV LLC<sup>(b)</sup>  | OnDeck Asset Securitization IV LLC<sup>(b)</sup>  |
| Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A |
| 11/17/2032 | &nbsp;&nbsp; 4.840% | 2150000 | &nbsp;&nbsp; 2161897 |
| OneMain Direct Auto Receivables Trust<sup>(b)</sup>  | OneMain Direct Auto Receivables Trust<sup>(b)</sup>  | OneMain Direct Auto Receivables Trust<sup>(b)</sup>  | OneMain Direct Auto Receivables Trust<sup>(b)</sup>  |
| Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A | Series 2025-1A Class A |
| 04/16/2035 | &nbsp;&nbsp; 5.360% | 6400000 | &nbsp;&nbsp; 6686580 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated Series 2019-1A Class B | Subordinated Series 2019-1A Class B | Subordinated Series 2019-1A Class B | Subordinated Series 2019-1A Class B |
| 11/14/2028 | &nbsp;&nbsp; 3.950% | 1033326 | &nbsp;&nbsp; 1032577 |
| Subordinated Series 2019-1A Class D | Subordinated Series 2019-1A Class D | Subordinated Series 2019-1A Class D | Subordinated Series 2019-1A Class D |
| 04/14/2031 | &nbsp;&nbsp; 4.680% | 2900000 | &nbsp;&nbsp; 2898276 |
| Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C |
| 02/14/2031 | &nbsp;&nbsp; 6.140% | 3100000 | &nbsp;&nbsp; 3179602 |
| Onemain Financial Issuance Trust<sup>(b)</sup>  | Onemain Financial Issuance Trust<sup>(b)</sup>  | Onemain Financial Issuance Trust<sup>(b)</sup>  | Onemain Financial Issuance Trust<sup>(b)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 05/14/2041 | &nbsp;&nbsp; 5.790% | 5400000 | &nbsp;&nbsp; 5733436 |
| OneMain Financial Issuance Trust<sup>(b)</sup>  | OneMain Financial Issuance Trust<sup>(b)</sup>  | OneMain Financial Issuance Trust<sup>(b)</sup>  | OneMain Financial Issuance Trust<sup>(b)</sup>  |
| Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A |
| 09/14/2035 | &nbsp;&nbsp; 1.750% | 1762788 | &nbsp;&nbsp; 1738651 |
| Series 2022-S1 Class A | Series 2022-S1 Class A | Series 2022-S1 Class A | Series 2022-S1 Class A |
| 05/14/2035 | &nbsp;&nbsp; 4.130% | 2098795 | &nbsp;&nbsp; 2098873 |
| Subordinated Series 2022-2 Class D | Subordinated Series 2022-2 Class D | Subordinated Series 2022-2 Class D | Subordinated Series 2022-2 Class D |
| 10/14/2034 | &nbsp;&nbsp; 6.550% | 6280000 | &nbsp;&nbsp; 6322575 |
| Subordinated Series 2023-1A Class D | Subordinated Series 2023-1A Class D | Subordinated Series 2023-1A Class D | Subordinated Series 2023-1A Class D |
| 06/14/2038 | &nbsp;&nbsp; 7.490% | 100000 | &nbsp;&nbsp; 106937 |
| Subordinated Series 2023-2A Class C | Subordinated Series 2023-2A Class C | Subordinated Series 2023-2A Class C | Subordinated Series 2023-2A Class C |
| 09/15/2036 | &nbsp;&nbsp; 6.740% | 1500000 | &nbsp;&nbsp; 1545818 |
| Subordinated Series 2023-2A Class D | Subordinated Series 2023-2A Class D | Subordinated Series 2023-2A Class D | Subordinated Series 2023-2A Class D |
| 09/15/2036 | &nbsp;&nbsp; 7.520% | 1600000 | &nbsp;&nbsp; 1652116 |
| Oscar US Funding XII LLC<sup>(b)</sup>  | Oscar US Funding XII LLC<sup>(b)</sup>  | Oscar US Funding XII LLC<sup>(b)</sup>  | Oscar US Funding XII LLC<sup>(b)</sup>  |
| Series 2021-1A Class A4 | Series 2021-1A Class A4 | Series 2021-1A Class A4 | Series 2021-1A Class A4 |
| 04/10/2028 | &nbsp;&nbsp; 1.000% | 24436 | &nbsp;&nbsp; 24419 |
| OWN Equipment Fund I LLC<sup>(b)</sup>  | OWN Equipment Fund I LLC<sup>(b)</sup>  | OWN Equipment Fund I LLC<sup>(b)</sup>  | OWN Equipment Fund I LLC<sup>(b)</sup>  |
| Series 2024-2M Class A | Series 2024-2M Class A | Series 2024-2M Class A | Series 2024-2M Class A |
| 12/20/2032 | &nbsp;&nbsp; 5.700% | 3597096 | &nbsp;&nbsp; 3670486 |
| Pagaya AI Debt Grantor Trust<sup>(b)</sup>  | Pagaya AI Debt Grantor Trust<sup>(b)</sup>  | Pagaya AI Debt Grantor Trust<sup>(b)</sup>  | Pagaya AI Debt Grantor Trust<sup>(b)</sup>  |
| Series 2024-11 Class B | Series 2024-11 Class B | Series 2024-11 Class B | Series 2024-11 Class B |
| 07/15/2032 | &nbsp;&nbsp; 5.637% | 1715579 | &nbsp;&nbsp; 1729671 |
| Palmer Square CLO Ltd.<sup>(b),(c)</sup>  | Palmer Square CLO Ltd.<sup>(b),(c)</sup>  | Palmer Square CLO Ltd.<sup>(b),(c)</sup>  | Palmer Square CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2021-3A Class A2R | Series 2021-3A Class A2R | Series 2021-3A Class A2R | Series 2021-3A Class A2R |
| 3-month Term SOFR + 1.500% <br>Floor 1.500% <br>10/15/2038<br>| &nbsp;&nbsp; 5.172% | 5900000 | &nbsp;&nbsp; 5926249 |
| Palmetto Issuer LLC<sup>(b)</sup>  | Palmetto Issuer LLC<sup>(b)</sup>  | Palmetto Issuer LLC<sup>(b)</sup>  | Palmetto Issuer LLC<sup>(b)</sup>  |
| Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A | Series 2025-2A Class A |
| 04/30/2061 | &nbsp;&nbsp; 5.980% | 4868346 | &nbsp;&nbsp; 4820225 |
| Park Avenue Institutional Advisers CLO Ltd.<sup>(b),(c)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(b),(c)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(b),(c)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2017-1A Class A2R2 | Series 2017-1A Class A2R2 | Series 2017-1A Class A2R2 | Series 2017-1A Class A2R2 |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>02/14/2034<br>| &nbsp;&nbsp; 5.403% | 12050000 | &nbsp;&nbsp; 12034142 |
| Series 2021-1R Class A1AR | Series 2021-1R Class A1AR | Series 2021-1R Class A1AR | Series 2021-1R Class A1AR |
| 3-month Term SOFR + 1.110% <br>Floor 1.110% <br>01/20/2034<br>| &nbsp;&nbsp; 4.778% | 7900000 | &nbsp;&nbsp; 7902402 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| PenFed Auto Receivables Owner Trust<sup>(b)</sup>  | PenFed Auto Receivables Owner Trust<sup>(b)</sup>  | PenFed Auto Receivables Owner Trust<sup>(b)</sup>  | PenFed Auto Receivables Owner Trust<sup>(b)</sup>  |
| Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 |
| 06/15/2029 | &nbsp;&nbsp; 4.700% | 1614829 | &nbsp;&nbsp; 1621000 |
| PK Alift Loan Funding 7 LP<sup>(b)</sup>  | PK Alift Loan Funding 7 LP<sup>(b)</sup>  | PK Alift Loan Funding 7 LP<sup>(b)</sup>  | PK Alift Loan Funding 7 LP<sup>(b)</sup>  |
| Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A |
| 03/15/2043 | &nbsp;&nbsp; 4.750% | 917553 | &nbsp;&nbsp; 923397 |
| Post Road Equipment Finance LLC<sup>(b)</sup>  | Post Road Equipment Finance LLC<sup>(b)</sup>  | Post Road Equipment Finance LLC<sup>(b)</sup>  | Post Road Equipment Finance LLC<sup>(b)</sup>  |
| Subordinated Series 2024-1A Class A2 | Subordinated Series 2024-1A Class A2 | Subordinated Series 2024-1A Class A2 | Subordinated Series 2024-1A Class A2 |
| 11/15/2029 | &nbsp;&nbsp; 5.590% | 174875 | &nbsp;&nbsp; 175381 |
| Prestige Auto Receivables Trust<sup>(b)</sup>  | Prestige Auto Receivables Trust<sup>(b)</sup>  | Prestige Auto Receivables Trust<sup>(b)</sup>  | Prestige Auto Receivables Trust<sup>(b)</sup>  |
| Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C |
| 02/15/2028 | &nbsp;&nbsp; 5.650% | 962983 | &nbsp;&nbsp; 964053 |
| Reach Abs Trust<sup>(b)</sup>  | Reach Abs Trust<sup>(b)</sup>  | Reach Abs Trust<sup>(b)</sup>  | Reach Abs Trust<sup>(b)</sup>  |
| Series 2026-1 Class A | Series 2026-1 Class A | Series 2026-1 Class A | Series 2026-1 Class A |
| 02/15/2033 | &nbsp;&nbsp; 4.320% | 1755520 | &nbsp;&nbsp; 1755372 |
| Recette CLO Ltd.<sup>(b),(c)</sup>  | Recette CLO Ltd.<sup>(b),(c)</sup>  | Recette CLO Ltd.<sup>(b),(c)</sup>  | Recette CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2015-1A Class BR3 | Series 2015-1A Class BR3 | Series 2015-1A Class BR3 | Series 2015-1A Class BR3 |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/20/2034<br>| &nbsp;&nbsp; 5.218% | 4200000 | &nbsp;&nbsp; 4201562 |
| Regatta XXIX Funding Ltd.<sup>(b),(c)</sup>  | Regatta XXIX Funding Ltd.<sup>(b),(c)</sup>  | Regatta XXIX Funding Ltd.<sup>(b),(c)</sup>  | Regatta XXIX Funding Ltd.<sup>(b),(c)</sup>  |
| Series 2024-3A Class A | Series 2024-3A Class A | Series 2024-3A Class A | Series 2024-3A Class A |
| 3-month Term SOFR + 1.380% <br>Floor 1.380% <br>09/06/2037<br>| &nbsp;&nbsp; 5.052% | 34000000 | &nbsp;&nbsp; 34098056 |
| Regional Management Issuance Trust<sup>(b)</sup>  | Regional Management Issuance Trust<sup>(b)</sup>  | Regional Management Issuance Trust<sup>(b)</sup>  | Regional Management Issuance Trust<sup>(b)</sup>  |
| Series 2022-1 Class A | Series 2022-1 Class A | Series 2022-1 Class A | Series 2022-1 Class A |
| 03/15/2032 | &nbsp;&nbsp; 3.070% | 4591 | &nbsp;&nbsp; 4588 |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 07/15/2036 | &nbsp;&nbsp; 5.830% | 1325000 | &nbsp;&nbsp; 1349381 |
| Republic Finance Issuance Trust<sup>(b)</sup>  | Republic Finance Issuance Trust<sup>(b)</sup>  | Republic Finance Issuance Trust<sup>(b)</sup>  | Republic Finance Issuance Trust<sup>(b)</sup>  |
| Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A | Series 2024-A Class A |
| 08/20/2032 | &nbsp;&nbsp; 5.910% | 2115000 | &nbsp;&nbsp; 2129813 |
| Rockford Tower CLO Ltd.<sup>(b),(c)</sup>  | Rockford Tower CLO Ltd.<sup>(b),(c)</sup>  | Rockford Tower CLO Ltd.<sup>(b),(c)</sup>  | Rockford Tower CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2021-1A Class B | Series 2021-1A Class B | Series 2021-1A Class B | Series 2021-1A Class B |
| 3-month Term SOFR + 1.912% <br>Floor 1.650% <br>07/20/2034<br>| &nbsp;&nbsp; 5.579% | 7900000 | &nbsp;&nbsp; 7909275 |
| Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR | Series 2021-2A Class BR |
| 3-month Term SOFR + 1.700% <br>07/20/2034<br>| &nbsp;&nbsp; 5.368% | 8940000 | &nbsp;&nbsp; 8948180 |
| Santander Bank Auto Credit-Linked Notes<sup>(b)</sup>  | Santander Bank Auto Credit-Linked Notes<sup>(b)</sup>  | Santander Bank Auto Credit-Linked Notes<sup>(b)</sup>  | Santander Bank Auto Credit-Linked Notes<sup>(b)</sup>  |
| Series 2024-A Class C | Series 2024-A Class C | Series 2024-A Class C | Series 2024-A Class C |
| 06/15/2032 | &nbsp;&nbsp; 5.818% | 1482234 | &nbsp;&nbsp; 1502231 |
| Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust |
| Series 2024-3 Class A3 | Series 2024-3 Class A3 | Series 2024-3 Class A3 | Series 2024-3 Class A3 |
| 01/16/2029 | &nbsp;&nbsp; 5.630% | 1280533 | &nbsp;&nbsp; 1284299 |
| Series 2024-4 Class A3 | Series 2024-4 Class A3 | Series 2024-4 Class A3 | Series 2024-4 Class A3 |
| 01/16/2029 | &nbsp;&nbsp; 4.850% | 1637740 | &nbsp;&nbsp; 1641513 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 | Series 2025-1 Class A3 |
| 01/16/2029 | &nbsp;&nbsp; 4.740% | 2040316 | &nbsp;&nbsp; 2045599 |
| Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 | Series 2025-2 Class A3 |
| 08/15/2029 | &nbsp;&nbsp; 4.670% | 3080000 | &nbsp;&nbsp; 3099747 |
| Series 2025-2 Class D | Series 2025-2 Class D | Series 2025-2 Class D | Series 2025-2 Class D |
| 05/15/2031 | &nbsp;&nbsp; 5.470% | 10000000 | &nbsp;&nbsp; 10249035 |
| Series 2025-3 Class A2 | Series 2025-3 Class A2 | Series 2025-3 Class A2 | Series 2025-3 Class A2 |
| 10/16/2028 | &nbsp;&nbsp; 4.630% | 1842480 | &nbsp;&nbsp; 1847174 |
| Series 2025-4 Class A3 | Series 2025-4 Class A3 | Series 2025-4 Class A3 | Series 2025-4 Class A3 |
| 04/15/2030 | &nbsp;&nbsp; 4.170% | 2690000 | &nbsp;&nbsp; 2705114 |
| Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C | Subordinated Series 2023-1 Class C |
| 05/15/2030 | &nbsp;&nbsp; 5.090% | 639661 | &nbsp;&nbsp; 642986 |
| Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C | Subordinated Series 2023-3 Class C |
| 11/15/2030 | &nbsp;&nbsp; 5.770% | 1160000 | &nbsp;&nbsp; 1180248 |
| Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B | Subordinated Series 2023-4 Class B |
| 12/15/2028 | &nbsp;&nbsp; 5.770% | 2410000 | &nbsp;&nbsp; 2427984 |
| Subordinated Series 2023-5 Class B | Subordinated Series 2023-5 Class B | Subordinated Series 2023-5 Class B | Subordinated Series 2023-5 Class B |
| 12/17/2029 | &nbsp;&nbsp; 6.160% | 3885000 | &nbsp;&nbsp; 3930790 |
| Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C | Subordinated Series 2023-6 Class C |
| 03/17/2031 | &nbsp;&nbsp; 6.400% | 600000 | &nbsp;&nbsp; 621337 |
| Subordinated Series 2024-2 Class D | Subordinated Series 2024-2 Class D | Subordinated Series 2024-2 Class D | Subordinated Series 2024-2 Class D |
| 08/15/2031 | &nbsp;&nbsp; 6.280% | 1500000 | &nbsp;&nbsp; 1553164 |
| SBNA Auto Lease Trust<sup>(b)</sup>  | SBNA Auto Lease Trust<sup>(b)</sup>  | SBNA Auto Lease Trust<sup>(b)</sup>  | SBNA Auto Lease Trust<sup>(b)</sup>  |
| Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 | Series 2024-A Class A3 |
| 11/20/2026 | &nbsp;&nbsp; 5.390% | 19872 | &nbsp;&nbsp; 19894 |
| Series 2024-B Class A3 | Series 2024-B Class A3 | Series 2024-B Class A3 | Series 2024-B Class A3 |
| 11/22/2027 | &nbsp;&nbsp; 5.560% | 1558289 | &nbsp;&nbsp; 1565394 |
| Series 2024-C Class A3 | Series 2024-C Class A3 | Series 2024-C Class A3 | Series 2024-C Class A3 |
| 02/22/2028 | &nbsp;&nbsp; 4.560% | 706420 | &nbsp;&nbsp; 707819 |
| SCF Equipment Leasing LLC<sup>(b)</sup>  | SCF Equipment Leasing LLC<sup>(b)</sup>  | SCF Equipment Leasing LLC<sup>(b)</sup>  | SCF Equipment Leasing LLC<sup>(b)</sup>  |
| Series 2024-1A Class A3 | Series 2024-1A Class A3 | Series 2024-1A Class A3 | Series 2024-1A Class A3 |
| 01/20/2032 | &nbsp;&nbsp; 5.520% | 1695000 | &nbsp;&nbsp; 1726750 |
| Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 |
| 06/20/2036 | &nbsp;&nbsp; 4.330% | 4150000 | &nbsp;&nbsp; 4199954 |
| SCF Equipment Trust<sup>(b)</sup>  | SCF Equipment Trust<sup>(b)</sup>  | SCF Equipment Trust<sup>(b)</sup>  | SCF Equipment Trust<sup>(b)</sup>  |
| Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 |
| 11/21/2033 | &nbsp;&nbsp; 5.110% | 3006000 | &nbsp;&nbsp; 3087014 |
| SEB Funding LLC<sup>(b)</sup>  | SEB Funding LLC<sup>(b)</sup>  | SEB Funding LLC<sup>(b)</sup>  | SEB Funding LLC<sup>(b)</sup>  |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 04/30/2054 | &nbsp;&nbsp; 7.386% | 2070000 | &nbsp;&nbsp; 2127141 |
| Servpro Master Issuer LLC<sup>(b)</sup>  | Servpro Master Issuer LLC<sup>(b)</sup>  | Servpro Master Issuer LLC<sup>(b)</sup>  | Servpro Master Issuer LLC<sup>(b)</sup>  |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 01/25/2054 | &nbsp;&nbsp; 6.174% | 2205000 | &nbsp;&nbsp; 2290446 |
| SFS Auto Receivables Securitization Trust<sup>(b)</sup>  | SFS Auto Receivables Securitization Trust<sup>(b)</sup>  | SFS Auto Receivables Securitization Trust<sup>(b)</sup>  | SFS Auto Receivables Securitization Trust<sup>(b)</sup>  |
| Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 | Series 2023-1A Class A3 |
| 10/20/2028 | &nbsp;&nbsp; 5.470% | 1246619 | &nbsp;&nbsp; 1253643 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 |
| 06/20/2030 | &nbsp;&nbsp; 4.550% | 1300000 | &nbsp;&nbsp; 1306577 |
| Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 |
| 07/22/2030 | &nbsp;&nbsp; 4.750% | 1390000 | &nbsp;&nbsp; 1402643 |
| Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 |
| 12/20/2030 | &nbsp;&nbsp; 4.440% | 4580000 | &nbsp;&nbsp; 4615164 |
| Sierra Timeshare Receivables Funding LLC<sup>(b)</sup>  | Sierra Timeshare Receivables Funding LLC<sup>(b)</sup>  | Sierra Timeshare Receivables Funding LLC<sup>(b)</sup>  | Sierra Timeshare Receivables Funding LLC<sup>(b)</sup>  |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 06/20/2041 | &nbsp;&nbsp; 5.140% | 1470326 | &nbsp;&nbsp; 1491666 |
| SLM Student Loan Trust<sup>(c)</sup>  | SLM Student Loan Trust<sup>(c)</sup>  | SLM Student Loan Trust<sup>(c)</sup>  | SLM Student Loan Trust<sup>(c)</sup>  |
| Series 2008-2 Class B | Series 2008-2 Class B | Series 2008-2 Class B | Series 2008-2 Class B |
| 90-day Average SOFR + 1.462% <br>Floor 1.200% <br>01/25/2083<br>| &nbsp;&nbsp; 5.349% | 1165000 | &nbsp;&nbsp; 1234756 |
| Series 2008-3 Class B | Series 2008-3 Class B | Series 2008-3 Class B | Series 2008-3 Class B |
| 90-day Average SOFR + 1.462% <br>Floor 1.200% <br>04/26/2083<br>| &nbsp;&nbsp; 5.349% | 1165000 | &nbsp;&nbsp; 1205919 |
| Series 2008-4 Class B | Series 2008-4 Class B | Series 2008-4 Class B | Series 2008-4 Class B |
| 90-day Average SOFR + 2.112% <br>Floor 1.850% <br>04/25/2073<br>| &nbsp;&nbsp; 5.999% | 1165000 | &nbsp;&nbsp; 1228826 |
| Series 2008-5 Class B | Series 2008-5 Class B | Series 2008-5 Class B | Series 2008-5 Class B |
| 90-day Average SOFR + 2.112% <br>Floor 1.850% <br>07/25/2073<br>| &nbsp;&nbsp; 5.999% | 4060000 | &nbsp;&nbsp; 4291083 |
| Series 2008-6 Class B | Series 2008-6 Class B | Series 2008-6 Class B | Series 2008-6 Class B |
| 90-day Average SOFR + 2.112% <br>Floor 1.850% <br>07/26/2083<br>| &nbsp;&nbsp; 5.999% | 1165000 | &nbsp;&nbsp; 1203325 |
| Series 2008-7 Class B | Series 2008-7 Class B | Series 2008-7 Class B | Series 2008-7 Class B |
| 90-day Average SOFR + 2.112% <br>Floor 1.850% <br>07/26/2083<br>| &nbsp;&nbsp; 5.999% | 1165000 | &nbsp;&nbsp; 1160614 |
| Series 2012-2 Class A | Series 2012-2 Class A | Series 2012-2 Class A | Series 2012-2 Class A |
| 30-day Average SOFR + 0.814% <br>Floor 0.700% <br>01/25/2029<br>| &nbsp;&nbsp; 4.512% | 2769818 | &nbsp;&nbsp; 2723619 |
| Series 2012-7 Class A3 | Series 2012-7 Class A3 | Series 2012-7 Class A3 | Series 2012-7 Class A3 |
| 30-day Average SOFR + 0.764% <br>Floor 0.650% <br>05/26/2026<br>| &nbsp;&nbsp; 4.462% | 1335560 | &nbsp;&nbsp; 1300720 |
| SMB Private Education Loan Trust<sup>(b)</sup>  | SMB Private Education Loan Trust<sup>(b)</sup>  | SMB Private Education Loan Trust<sup>(b)</sup>  | SMB Private Education Loan Trust<sup>(b)</sup>  |
| Series 2019-B Class A2A | Series 2019-B Class A2A | Series 2019-B Class A2A | Series 2019-B Class A2A |
| 06/15/2037 | &nbsp;&nbsp; 2.840% | 3539990 | &nbsp;&nbsp; 3483694 |
| Series 2020-PTA Class A2A | Series 2020-PTA Class A2A | Series 2020-PTA Class A2A | Series 2020-PTA Class A2A |
| 09/15/2054 | &nbsp;&nbsp; 1.600% | 4510574 | &nbsp;&nbsp; 4292429 |
| SoFi Consumer Loan Program Trust<sup>(b)</sup>  | SoFi Consumer Loan Program Trust<sup>(b)</sup>  | SoFi Consumer Loan Program Trust<sup>(b)</sup>  | SoFi Consumer Loan Program Trust<sup>(b)</sup>  |
| Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A |
| 06/25/2034 | &nbsp;&nbsp; 4.820% | 879696 | &nbsp;&nbsp; 882981 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| SoFi Professional Loan Program LLC<sup>(b)</sup>  | SoFi Professional Loan Program LLC<sup>(b)</sup>  | SoFi Professional Loan Program LLC<sup>(b)</sup>  | SoFi Professional Loan Program LLC<sup>(b)</sup>  |
| Series 2019-A Class BFX | Series 2019-A Class BFX | Series 2019-A Class BFX | Series 2019-A Class BFX |
| 06/15/2048 | &nbsp;&nbsp; 4.110% | 2500000 | &nbsp;&nbsp; 2442986 |
| Subordinated Series 2018-B Class BFX | Subordinated Series 2018-B Class BFX | Subordinated Series 2018-B Class BFX | Subordinated Series 2018-B Class BFX |
| 08/25/2047 | &nbsp;&nbsp; 3.830% | 2541092 | &nbsp;&nbsp; 2486275 |
| Subordinated Series 2019-B Class BFX | Subordinated Series 2019-B Class BFX | Subordinated Series 2019-B Class BFX | Subordinated Series 2019-B Class BFX |
| 08/17/2048 | &nbsp;&nbsp; 3.730% | 2500000 | &nbsp;&nbsp; 2318063 |
| SoFi Professional Loan Program Trust<sup>(b)</sup>  | SoFi Professional Loan Program Trust<sup>(b)</sup>  | SoFi Professional Loan Program Trust<sup>(b)</sup>  | SoFi Professional Loan Program Trust<sup>(b)</sup>  |
| Subordinated Series 2020-B Class BFX | Subordinated Series 2020-B Class BFX | Subordinated Series 2020-B Class BFX | Subordinated Series 2020-B Class BFX |
| 05/15/2046 | &nbsp;&nbsp; 2.730% | 2200000 | &nbsp;&nbsp; 1848531 |
| Sonic Capital LLC<sup>(b)</sup>  | Sonic Capital LLC<sup>(b)</sup>  | Sonic Capital LLC<sup>(b)</sup>  | Sonic Capital LLC<sup>(b)</sup>  |
| Series 2020-1A Class A2I | Series 2020-1A Class A2I | Series 2020-1A Class A2I | Series 2020-1A Class A2I |
| 01/20/2050 | &nbsp;&nbsp; 3.845% | 1795500 | &nbsp;&nbsp; 1781470 |
| Sound Point CLO XXIX Ltd.<sup>(b),(c)</sup>  | Sound Point CLO XXIX Ltd.<sup>(b),(c)</sup>  | Sound Point CLO XXIX Ltd.<sup>(b),(c)</sup>  | Sound Point CLO XXIX Ltd.<sup>(b),(c)</sup>  |
| Series 2021-1A Class AR | Series 2021-1A Class AR | Series 2021-1A Class AR | Series 2021-1A Class AR |
| 3-month Term SOFR + 1.050% <br>Floor 1.050% <br>04/25/2034<br>| &nbsp;&nbsp; 4.927% | 10810000 | &nbsp;&nbsp; 10815232 |
| Sound Point CLO XXVIII Ltd.<sup>(b),(c)</sup>  | Sound Point CLO XXVIII Ltd.<sup>(b),(c)</sup>  | Sound Point CLO XXVIII Ltd.<sup>(b),(c)</sup>  | Sound Point CLO XXVIII Ltd.<sup>(b),(c)</sup>  |
| Series 2020-3A Class A1R | Series 2020-3A Class A1R | Series 2020-3A Class A1R | Series 2020-3A Class A1R |
| 3-month Term SOFR + 1.280% <br>Floor 1.280% <br>01/25/2032<br>| &nbsp;&nbsp; 4.948% | 6313578 | &nbsp;&nbsp; 6322714 |
| Stellantis Financial Underwritten Enhanced Lease Trust<sup>(b)</sup>  | Stellantis Financial Underwritten Enhanced Lease Trust<sup>(b)</sup>  | Stellantis Financial Underwritten Enhanced Lease Trust<sup>(b)</sup>  | Stellantis Financial Underwritten Enhanced Lease Trust<sup>(b)</sup>  |
| Series 2025-B Class A3 | Series 2025-B Class A3 | Series 2025-B Class A3 | Series 2025-B Class A3 |
| 01/22/2029 | &nbsp;&nbsp; 4.270% | 4165000 | &nbsp;&nbsp; 4191215 |
| Series 2025-CA Class A3 | Series 2025-CA Class A3 | Series 2025-CA Class A3 | Series 2025-CA Class A3 |
| 04/20/2029 | &nbsp;&nbsp; 4.110% | 6910000 | &nbsp;&nbsp; 6956562 |
| Stream Innovations Issuer Trust<sup>(b)</sup>  | Stream Innovations Issuer Trust<sup>(b)</sup>  | Stream Innovations Issuer Trust<sup>(b)</sup>  | Stream Innovations Issuer Trust<sup>(b)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 07/15/2044 | &nbsp;&nbsp; 6.270% | 389250 | &nbsp;&nbsp; 410628 |
| Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A | Series 2024-2A Class A |
| 02/15/2045 | &nbsp;&nbsp; 5.210% | 3684982 | &nbsp;&nbsp; 3735046 |
| Sunnova Helios XI Issuer LLC<sup>(b)</sup>  | Sunnova Helios XI Issuer LLC<sup>(b)</sup>  | Sunnova Helios XI Issuer LLC<sup>(b)</sup>  | Sunnova Helios XI Issuer LLC<sup>(b)</sup>  |
| Series 2023-A Class A | Series 2023-A Class A | Series 2023-A Class A | Series 2023-A Class A |
| 05/20/2050 | &nbsp;&nbsp; 5.300% | 4065825 | &nbsp;&nbsp; 3361272 |
| Sunnova Sol II Issuer LLC<sup>(b)</sup>  | Sunnova Sol II Issuer LLC<sup>(b)</sup>  | Sunnova Sol II Issuer LLC<sup>(b)</sup>  | Sunnova Sol II Issuer LLC<sup>(b)</sup>  |
| Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A | Series 2020-2A Class A |
| 11/01/2055 | &nbsp;&nbsp; 2.730% | 2528103 | &nbsp;&nbsp; 2222222 |
| Sunnova Sol III Issuer LLC<sup>(b)</sup>  | Sunnova Sol III Issuer LLC<sup>(b)</sup>  | Sunnova Sol III Issuer LLC<sup>(b)</sup>  | Sunnova Sol III Issuer LLC<sup>(b)</sup>  |
| Series 2021-1 Class A | Series 2021-1 Class A | Series 2021-1 Class A | Series 2021-1 Class A |
| 04/28/2056 | &nbsp;&nbsp; 2.580% | 1984840 | &nbsp;&nbsp; 1716683 |
| Sunrun Artemis Issuer LLC<sup>(b)</sup>  | Sunrun Artemis Issuer LLC<sup>(b)</sup>  | Sunrun Artemis Issuer LLC<sup>(b)</sup>  | Sunrun Artemis Issuer LLC<sup>(b)</sup>  |
| Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 |
| 07/30/2059 | &nbsp;&nbsp; 6.250% | 6800665 | &nbsp;&nbsp; 6853003 |
| Sunrun Athena Issuer LLC<sup>(b)</sup>  | Sunrun Athena Issuer LLC<sup>(b)</sup>  | Sunrun Athena Issuer LLC<sup>(b)</sup>  | Sunrun Athena Issuer LLC<sup>(b)</sup>  |
| Series 2018-1 Class A | Series 2018-1 Class A | Series 2018-1 Class A | Series 2018-1 Class A |
| 04/30/2049 | &nbsp;&nbsp; 5.310% | 1477151 | &nbsp;&nbsp; 1448577 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Sunrun Bacchus Issuer LLC<sup>(b)</sup>  | Sunrun Bacchus Issuer LLC<sup>(b)</sup>  | Sunrun Bacchus Issuer LLC<sup>(b)</sup>  | Sunrun Bacchus Issuer LLC<sup>(b)</sup>  |
| Series 2025-1A Class A2A | Series 2025-1A Class A2A | Series 2025-1A Class A2A | Series 2025-1A Class A2A |
| 04/30/2060 | &nbsp;&nbsp; 6.410% | 5528618 | &nbsp;&nbsp; 5629535 |
| Sunrun Callisto Issuer LLC<sup>(b)</sup>  | Sunrun Callisto Issuer LLC<sup>(b)</sup>  | Sunrun Callisto Issuer LLC<sup>(b)</sup>  | Sunrun Callisto Issuer LLC<sup>(b)</sup>  |
| Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A | Series 2019-1A Class A |
| 06/30/2054 | &nbsp;&nbsp; 3.980% | 993374 | &nbsp;&nbsp; 960377 |
| Sunrun Iris Issuer LLC<sup>(b)</sup>  | Sunrun Iris Issuer LLC<sup>(b)</sup>  | Sunrun Iris Issuer LLC<sup>(b)</sup>  | Sunrun Iris Issuer LLC<sup>(b)</sup>  |
| Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A |
| 01/30/2059 | &nbsp;&nbsp; 5.750% | 1625427 | &nbsp;&nbsp; 1624158 |
| SVC ABS LLC<sup>(b),(d)</sup>  | SVC ABS LLC<sup>(b),(d)</sup>  | SVC ABS LLC<sup>(b),(d)</sup>  | SVC ABS LLC<sup>(b),(d)</sup>  |
| Series 2026-1 Class B | Series 2026-1 Class B | Series 2026-1 Class B | Series 2026-1 Class B |
| 03/20/2056 | &nbsp;&nbsp; 5.795% | 4400000 | &nbsp;&nbsp; 4416771 |
| Switch ABS Issuer LLC<sup>(b)</sup>  | Switch ABS Issuer LLC<sup>(b)</sup>  | Switch ABS Issuer LLC<sup>(b)</sup>  | Switch ABS Issuer LLC<sup>(b)</sup>  |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 03/25/2055 | &nbsp;&nbsp; 5.036% | 8800000 | &nbsp;&nbsp; 8736655 |
| Symphony CLO Ltd.<sup>(b),(c)</sup>  | Symphony CLO Ltd.<sup>(b),(c)</sup>  | Symphony CLO Ltd.<sup>(b),(c)</sup>  | Symphony CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2025-47A Class B | Series 2025-47A Class B | Series 2025-47A Class B | Series 2025-47A Class B |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>04/20/2038<br>| &nbsp;&nbsp; 5.218% | 4370000 | &nbsp;&nbsp; 4378910 |
| Symphony CLO XVI Ltd.<sup>(b),(c)</sup>  | Symphony CLO XVI Ltd.<sup>(b),(c)</sup>  | Symphony CLO XVI Ltd.<sup>(b),(c)</sup>  | Symphony CLO XVI Ltd.<sup>(b),(c)</sup>  |
| Series 2015-16A Class ARR | Series 2015-16A Class ARR | Series 2015-16A Class ARR | Series 2015-16A Class ARR |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>10/15/2031<br>| &nbsp;&nbsp; 4.872% | 1141594 | &nbsp;&nbsp; 1142365 |
| Symphony CLO XX Ltd.<sup>(b),(c)</sup>  | Symphony CLO XX Ltd.<sup>(b),(c)</sup>  | Symphony CLO XX Ltd.<sup>(b),(c)</sup>  | Symphony CLO XX Ltd.<sup>(b),(c)</sup>  |
| Series 2018-20A Class AR2 | Series 2018-20A Class AR2 | Series 2018-20A Class AR2 | Series 2018-20A Class AR2 |
| 3-month Term SOFR + 1.100% <br>Floor 1.100% <br>01/16/2032<br>| &nbsp;&nbsp; 4.771% | 3112882 | &nbsp;&nbsp; 3121032 |
| Taco Bell Funding LLC<sup>(b)</sup>  | Taco Bell Funding LLC<sup>(b)</sup>  | Taco Bell Funding LLC<sup>(b)</sup>  | Taco Bell Funding LLC<sup>(b)</sup>  |
| Series 2021-1A Class A2I | Series 2021-1A Class A2I | Series 2021-1A Class A2I | Series 2021-1A Class A2I |
| 08/25/2051 | &nbsp;&nbsp; 1.946% | 2456250 | &nbsp;&nbsp; 2402976 |
| Series 2025-1A Class A2I | Series 2025-1A Class A2I | Series 2025-1A Class A2I | Series 2025-1A Class A2I |
| 08/25/2055 | &nbsp;&nbsp; 4.821% | 3400000 | &nbsp;&nbsp; 3428315 |
| Tikehau US CLO III Ltd.<sup>(b),(c)</sup>  | Tikehau US CLO III Ltd.<sup>(b),(c)</sup>  | Tikehau US CLO III Ltd.<sup>(b),(c)</sup>  | Tikehau US CLO III Ltd.<sup>(b),(c)</sup>  |
| Series 2022-2A Class A1R | Series 2022-2A Class A1R | Series 2022-2A Class A1R | Series 2022-2A Class A1R |
| 3-month Term SOFR + 1.870% <br>Floor 1.870% <br>01/20/2036<br>| &nbsp;&nbsp; 5.538% | 15000000 | &nbsp;&nbsp; 15031650 |
| Toyota Lease Owner Trust<sup>(b)</sup>  | Toyota Lease Owner Trust<sup>(b)</sup>  | Toyota Lease Owner Trust<sup>(b)</sup>  | Toyota Lease Owner Trust<sup>(b)</sup>  |
| Series 2025-B Class A3 | Series 2025-B Class A3 | Series 2025-B Class A3 | Series 2025-B Class A3 |
| 11/20/2028 | &nbsp;&nbsp; 3.960% | 3090000 | &nbsp;&nbsp; 3105905 |
| Trimaran Cavu Ltd.<sup>(b),(c)</sup>  | Trimaran Cavu Ltd.<sup>(b),(c)</sup>  | Trimaran Cavu Ltd.<sup>(b),(c)</sup>  | Trimaran Cavu Ltd.<sup>(b),(c)</sup>  |
| Series 2024-1A Class A1R | Series 2024-1A Class A1R | Series 2024-1A Class A1R | Series 2024-1A Class A1R |
| 3-month Term SOFR + 1.190% <br>Floor 1.190% <br>01/20/2037<br>| &nbsp;&nbsp; 4.858% | 20000000 | &nbsp;&nbsp; 19995760 |
| USB Auto Owner Trust<sup>(b)</sup>  | USB Auto Owner Trust<sup>(b)</sup>  | USB Auto Owner Trust<sup>(b)</sup>  | USB Auto Owner Trust<sup>(b)</sup>  |
| Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 |
| 06/17/2030 | &nbsp;&nbsp; 4.490% | 670000 | &nbsp;&nbsp; 676785 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Venture CLO Ltd.<sup>(b),(c)</sup>  | Venture CLO Ltd.<sup>(b),(c)</sup>  | Venture CLO Ltd.<sup>(b),(c)</sup>  | Venture CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2019-37A Class A1RR | Series 2019-37A Class A1RR | Series 2019-37A Class A1RR | Series 2019-37A Class A1RR |
| 3-month Term SOFR + 1.250% <br>Floor 1.250% <br>07/15/2032<br>| &nbsp;&nbsp; 4.922% | 8471864 | &nbsp;&nbsp; 8474355 |
| Venture XXVII CLO Ltd.<sup>(b),(c)</sup>  | Venture XXVII CLO Ltd.<sup>(b),(c)</sup>  | Venture XXVII CLO Ltd.<sup>(b),(c)</sup>  | Venture XXVII CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2017-27A Class CR | Series 2017-27A Class CR | Series 2017-27A Class CR | Series 2017-27A Class CR |
| 3-month Term SOFR + 2.562% <br>Floor 2.300% <br>07/20/2030<br>| &nbsp;&nbsp; 6.229% | 4100000 | &nbsp;&nbsp; 4117630 |
| Veros Auto Receivables Trust<sup>(b)</sup>  | Veros Auto Receivables Trust<sup>(b)</sup>  | Veros Auto Receivables Trust<sup>(b)</sup>  | Veros Auto Receivables Trust<sup>(b)</sup>  |
| Series 2026-1 Class A | Series 2026-1 Class A | Series 2026-1 Class A | Series 2026-1 Class A |
| 08/15/2028 | &nbsp;&nbsp; 4.530% | 843703 | &nbsp;&nbsp; 843687 |
| Volofin Finance Designated Activity Co.<sup>(b)</sup>  | Volofin Finance Designated Activity Co.<sup>(b)</sup>  | Volofin Finance Designated Activity Co.<sup>(b)</sup>  | Volofin Finance Designated Activity Co.<sup>(b)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 06/15/2037 | &nbsp;&nbsp; 5.935% | 1671283 | &nbsp;&nbsp; 1702953 |
| Voya CLO Ltd.<sup>(b),(c)</sup>  | Voya CLO Ltd.<sup>(b),(c)</sup>  | Voya CLO Ltd.<sup>(b),(c)</sup>  | Voya CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2016-1A Class A1R | Series 2016-1A Class A1R | Series 2016-1A Class A1R | Series 2016-1A Class A1R |
| 3-month Term SOFR + 1.332% <br>Floor 1.070% <br>01/20/2031<br>| &nbsp;&nbsp; 4.999% | 54997 | &nbsp;&nbsp; 55010 |
| VStrong Auto Receivables Trust<sup>(b)</sup>  | VStrong Auto Receivables Trust<sup>(b)</sup>  | VStrong Auto Receivables Trust<sup>(b)</sup>  | VStrong Auto Receivables Trust<sup>(b)</sup>  |
| Subordinated Series 2024-A Class B | Subordinated Series 2024-A Class B | Subordinated Series 2024-A Class B | Subordinated Series 2024-A Class B |
| 07/15/2030 | &nbsp;&nbsp; 5.770% | 409000 | &nbsp;&nbsp; 414884 |
| Wachovia Student Loan Trust<sup>(b),(c)</sup>  | Wachovia Student Loan Trust<sup>(b),(c)</sup>  | Wachovia Student Loan Trust<sup>(b),(c)</sup>  | Wachovia Student Loan Trust<sup>(b),(c)</sup>  |
| Series 2006-1 Class A6 | Series 2006-1 Class A6 | Series 2006-1 Class A6 | Series 2006-1 Class A6 |
| 90-day Average SOFR + 0.432% <br>Floor 0.170% <br>04/25/2040<br>| &nbsp;&nbsp; 4.319% | 2108348 | &nbsp;&nbsp; 2089945 |
| Wendy's Funding LLC<sup>(b)</sup>  | Wendy's Funding LLC<sup>(b)</sup>  | Wendy's Funding LLC<sup>(b)</sup>  | Wendy's Funding LLC<sup>(b)</sup>  |
| Series 2018-1A Class A2II | Series 2018-1A Class A2II | Series 2018-1A Class A2II | Series 2018-1A Class A2II |
| 03/15/2048 | &nbsp;&nbsp; 3.884% | 919725 | &nbsp;&nbsp; 910090 |
| Westlake Automobile Receivables Trust<sup>(b)</sup>  | Westlake Automobile Receivables Trust<sup>(b)</sup>  | Westlake Automobile Receivables Trust<sup>(b)</sup>  | Westlake Automobile Receivables Trust<sup>(b)</sup>  |
| Series 2024-2A Class A3 | Series 2024-2A Class A3 | Series 2024-2A Class A3 | Series 2024-2A Class A3 |
| 02/15/2028 | &nbsp;&nbsp; 5.560% | 1644607 | &nbsp;&nbsp; 1649135 |
| Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 | Series 2024-3A Class A3 |
| 04/17/2028 | &nbsp;&nbsp; 4.710% | 2355000 | &nbsp;&nbsp; 2363279 |
| Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 | Series 2025-1A Class A3 |
| 08/15/2028 | &nbsp;&nbsp; 4.750% | 4795000 | &nbsp;&nbsp; 4822505 |
| Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C | Series 2025-2 Class C |
| 01/15/2031 | &nbsp;&nbsp; 4.850% | 4200000 | &nbsp;&nbsp; 4261179 |
| Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 | Series 2025-2A Class A3 |
| 05/15/2029 | &nbsp;&nbsp; 4.510% | 1310000 | &nbsp;&nbsp; 1320176 |
| Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 | Series 2025-3 Class A3 |
| 06/15/2029 | &nbsp;&nbsp; 4.220% | 1935000 | &nbsp;&nbsp; 1943250 |
| Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C | Subordinated Series 2023-3A Class C |
| 09/15/2028 | &nbsp;&nbsp; 6.020% | 4530000 | &nbsp;&nbsp; 4565523 |
| Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B | Subordinated Series 2024-1A Class B |
| 11/15/2027 | &nbsp;&nbsp; 5.550% | 3965864 | &nbsp;&nbsp; 3976749 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Asset-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Wheels Fleet Lease Funding 1 LLC<sup>(b)</sup>  | Wheels Fleet Lease Funding 1 LLC<sup>(b)</sup>  | Wheels Fleet Lease Funding 1 LLC<sup>(b)</sup>  | Wheels Fleet Lease Funding 1 LLC<sup>(b)</sup>  |
| Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A | Series 2023-1A Class A |
| 04/18/2038 | &nbsp;&nbsp; 5.800% | 1413411 | &nbsp;&nbsp; 1421189 |
| Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 | Series 2024-1A Class A1 |
| 02/18/2039 | &nbsp;&nbsp; 5.490% | 1337911 | &nbsp;&nbsp; 1352789 |
| Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 | Series 2024-2A Class A1 |
| 06/21/2039 | &nbsp;&nbsp; 4.870% | 1633323 | &nbsp;&nbsp; 1649436 |
| Wheels Fleet Lease Funding I LLC<sup>(b)</sup>  | Wheels Fleet Lease Funding I LLC<sup>(b)</sup>  | Wheels Fleet Lease Funding I LLC<sup>(b)</sup>  | Wheels Fleet Lease Funding I LLC<sup>(b)</sup>  |
| Series 2024-3 Class A1 | Series 2024-3 Class A1 | Series 2024-3 Class A1 | Series 2024-3 Class A1 |
| 09/19/2039 | &nbsp;&nbsp; 4.800% | 1673345 | &nbsp;&nbsp; 1691879 |
| Wind River CLO Ltd.<sup>(b),(c)</sup>  | Wind River CLO Ltd.<sup>(b),(c)</sup>  | Wind River CLO Ltd.<sup>(b),(c)</sup>  | Wind River CLO Ltd.<sup>(b),(c)</sup>  |
| Series 2021-2A Class A2R | Series 2021-2A Class A2R | Series 2021-2A Class A2R | Series 2021-2A Class A2R |
| 3-month Term SOFR + 1.400% <br>Floor 1.400% <br>07/20/2034<br>| &nbsp;&nbsp; 5.284% | 3850000 | &nbsp;&nbsp; 3853053 |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 3-month Term SOFR + 1.600% <br>Floor 1.600% <br>04/20/2037<br>| &nbsp;&nbsp; 5.268% | 3100000 | &nbsp;&nbsp; 3105465 |
| World Omni Auto Receivables Trust | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust | World Omni Auto Receivables Trust |
| Series 2024-C Class A3 | Series 2024-C Class A3 | Series 2024-C Class A3 | Series 2024-C Class A3 |
| 12/17/2029 | &nbsp;&nbsp; 4.430% | 2520000 | &nbsp;&nbsp; 2536514 |
| Series 2025-C Class A3 | Series 2025-C Class A3 | Series 2025-C Class A3 | Series 2025-C Class A3 |
| 11/15/2030 | &nbsp;&nbsp; 4.080% | 4645000 | &nbsp;&nbsp; 4679315 |
| Zaxby's Funding LLC<sup>(b)</sup>  | Zaxby's Funding LLC<sup>(b)</sup>  | Zaxby's Funding LLC<sup>(b)</sup>  | Zaxby's Funding LLC<sup>(b)</sup>  |
| Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 |
| 07/30/2051 | &nbsp;&nbsp; 3.238% | 5395750 | &nbsp;&nbsp; 5199646 |
| Zayo Issuer LLC<sup>(b)</sup>  | Zayo Issuer LLC<sup>(b)</sup>  | Zayo Issuer LLC<sup>(b)</sup>  | Zayo Issuer LLC<sup>(b)</sup>  |
| Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 |
| 06/20/2055 | &nbsp;&nbsp; 5.953% | 5700000 | &nbsp;&nbsp; 5891400 |
| Total Asset-Backed Securities — Non-Agency <br>(Cost $1,630,736,911) | Total Asset-Backed Securities — Non-Agency <br>(Cost $1,630,736,911) | Total Asset-Backed Securities — Non-Agency <br>(Cost $1,630,736,911) | &nbsp;&nbsp; **1636414489** |
| **Commercial Mortgage-Backed Securities - Agency 0.4%** | **Commercial Mortgage-Backed Securities - Agency 0.4%** | **Commercial Mortgage-Backed Securities - Agency 0.4%** | **Commercial Mortgage-Backed Securities - Agency 0.4%** |
| Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(e),(f)</sup>  |
| CMO Series K055 Class X1 | CMO Series K055 Class X1 | CMO Series K055 Class X1 | CMO Series K055 Class X1 |
| 03/25/2026 | &nbsp;&nbsp; 1.311% | 420591 | &nbsp;&nbsp; 70 |
| CMO Series K057 Class X1 | CMO Series K057 Class X1 | CMO Series K057 Class X1 | CMO Series K057 Class X1 |
| 07/25/2026 | &nbsp;&nbsp; 1.167% | 1804253 | &nbsp;&nbsp; 5506 |
| CMO Series K059 Class X1 | CMO Series K059 Class X1 | CMO Series K059 Class X1 | CMO Series K059 Class X1 |
| 09/25/2026 | &nbsp;&nbsp; 0.244% | 5804917 | &nbsp;&nbsp; 4734 |
| CMO Series K060 Class X1 | CMO Series K060 Class X1 | CMO Series K060 Class X1 | CMO Series K060 Class X1 |
| 10/25/2026 | &nbsp;&nbsp; 0.047% | 23748735 | &nbsp;&nbsp; 10369 |
| CMO Series K152 Class X1 | CMO Series K152 Class X1 | CMO Series K152 Class X1 | CMO Series K152 Class X1 |
| 01/25/2031 | &nbsp;&nbsp; 0.956% | 3778142 | &nbsp;&nbsp; 135233 |
| Series 20K129 Class X1 (FHLMC) | Series 20K129 Class X1 (FHLMC) | Series 20K129 Class X1 (FHLMC) | Series 20K129 Class X1 (FHLMC) |
| 05/25/2031 | &nbsp;&nbsp; 1.026% | 12467330 | &nbsp;&nbsp; 506897 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 20K141 Class X1 (FHLMC) | Series 20K141 Class X1 (FHLMC) | Series 20K141 Class X1 (FHLMC) | Series 20K141 Class X1 (FHLMC) |
| 02/25/2032 | &nbsp;&nbsp; 0.305% | 7234333 | &nbsp;&nbsp; 120319 |
| Series 20K142 Class X1 (FHLMC) | Series 20K142 Class X1 (FHLMC) | Series 20K142 Class X1 (FHLMC) | Series 20K142 Class X1 (FHLMC) |
| 12/25/2031 | &nbsp;&nbsp; 0.297% | 17525181 | &nbsp;&nbsp; 286493 |
| Series 20K143 Class X1 (FHLMC) | Series 20K143 Class X1 (FHLMC) | Series 20K143 Class X1 (FHLMC) | Series 20K143 Class X1 (FHLMC) |
| 04/25/2055 | &nbsp;&nbsp; 0.343% | 7902418 | &nbsp;&nbsp; 153332 |
| Series 20K144 Class X1 (FHLMC) | Series 20K144 Class X1 (FHLMC) | Series 20K144 Class X1 (FHLMC) | Series 20K144 Class X1 (FHLMC) |
| 04/25/2032 | &nbsp;&nbsp; 0.327% | 10344501 | &nbsp;&nbsp; 196437 |
| Series K069 Class X1 | Series K069 Class X1 | Series K069 Class X1 | Series K069 Class X1 |
| 09/25/2027 | &nbsp;&nbsp; 0.340% | 34412525 | &nbsp;&nbsp; 160448 |
| Series K091 Class X1 | Series K091 Class X1 | Series K091 Class X1 | Series K091 Class X1 |
| 03/25/2029 | &nbsp;&nbsp; 0.558% | 38094614 | &nbsp;&nbsp; 590954 |
| Series K095 Class X1 | Series K095 Class X1 | Series K095 Class X1 | Series K095 Class X1 |
| 06/25/2029 | &nbsp;&nbsp; 0.938% | 71737911 | &nbsp;&nbsp; 1895050 |
| Series K106 Class X1 | Series K106 Class X1 | Series K106 Class X1 | Series K106 Class X1 |
| 01/25/2030 | &nbsp;&nbsp; 1.314% | 92553383 | &nbsp;&nbsp; 4232438 |
| Series K131 Class X1 (FHLMC) | Series K131 Class X1 (FHLMC) | Series K131 Class X1 (FHLMC) | Series K131 Class X1 (FHLMC) |
| 07/25/2031 | &nbsp;&nbsp; 0.725% | 12726654 | &nbsp;&nbsp; 427152 |
| Series K137 Class X1 | Series K137 Class X1 | Series K137 Class X1 | Series K137 Class X1 |
| 11/25/2031 | &nbsp;&nbsp; 0.194% | 273149014 | &nbsp;&nbsp; 2496637 |
| Series K145 Class X1 | Series K145 Class X1 | Series K145 Class X1 | Series K145 Class X1 |
| 06/25/2055 | &nbsp;&nbsp; 0.316% | 4640566 | &nbsp;&nbsp; 86057 |
| Series K146 Class X1 | Series K146 Class X1 | Series K146 Class X1 | Series K146 Class X1 |
| 06/25/2032 | &nbsp;&nbsp; 0.231% | 15685697 | &nbsp;&nbsp; 230329 |
| Series K147 Class X1 | Series K147 Class X1 | Series K147 Class X1 | Series K147 Class X1 |
| 06/25/2032 | &nbsp;&nbsp; 0.370% | 11969566 | &nbsp;&nbsp; 267637 |
| Series K149 Class X1 (FHLMC) | Series K149 Class X1 (FHLMC) | Series K149 Class X1 (FHLMC) | Series K149 Class X1 (FHLMC) |
| 08/25/2032 | &nbsp;&nbsp; 0.265% | 20860506 | &nbsp;&nbsp; 364871 |
| Series K-150 Class X1 (FHLMC) | Series K-150 Class X1 (FHLMC) | Series K-150 Class X1 (FHLMC) | Series K-150 Class X1 (FHLMC) |
| 09/25/2032 | &nbsp;&nbsp; 0.310% | 26893897 | &nbsp;&nbsp; 545908 |
| Series K-1515 Class X1 | Series K-1515 Class X1 | Series K-1515 Class X1 | Series K-1515 Class X1 |
| 02/25/2035 | &nbsp;&nbsp; 1.505% | 7010540 | &nbsp;&nbsp; 675844 |
| Series K-1516 Class X1 | Series K-1516 Class X1 | Series K-1516 Class X1 | Series K-1516 Class X1 |
| 05/25/2035 | &nbsp;&nbsp; 1.503% | 14420322 | &nbsp;&nbsp; 1526625 |
| Series K-1517 Class X1 | Series K-1517 Class X1 | Series K-1517 Class X1 | Series K-1517 Class X1 |
| 07/25/2035 | &nbsp;&nbsp; 1.322% | 19857894 | &nbsp;&nbsp; 1788571 |
| Series K1521 Class X1 | Series K1521 Class X1 | Series K1521 Class X1 | Series K1521 Class X1 |
| 08/25/2036 | &nbsp;&nbsp; 0.978% | 23142979 | &nbsp;&nbsp; 1660506 |
| Series K735 Class X1 | Series K735 Class X1 | Series K735 Class X1 | Series K735 Class X1 |
| 05/25/2026 | &nbsp;&nbsp; 0.949% | 9278478 | &nbsp;&nbsp; 16988 |
| Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates |
| Series K056 Class A2 | Series K056 Class A2 | Series K056 Class A2 | Series K056 Class A2 |
| 05/25/2026 | &nbsp;&nbsp; 2.525% | 5038695 | &nbsp;&nbsp; 5018092 |
| Series K074 Class A2 | Series K074 Class A2 | Series K074 Class A2 | Series K074 Class A2 |
| 01/25/2028 | &nbsp;&nbsp; 3.600% | 8620471 | &nbsp;&nbsp; 8598968 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Federal National Mortgage Association<sup>(e),(f)</sup>  | Federal National Mortgage Association<sup>(e),(f)</sup>  | Federal National Mortgage Association<sup>(e),(f)</sup>  | Federal National Mortgage Association<sup>(e),(f)</sup>  |
| Series 2020-M43 Class X1 | Series 2020-M43 Class X1 | Series 2020-M43 Class X1 | Series 2020-M43 Class X1 |
| 08/25/2034 | &nbsp;&nbsp; 1.863% | 31301739 | &nbsp;&nbsp; 1650256 |
| Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(e),(f)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(e),(f)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(e),(f)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(e),(f)</sup>  |
| Series K514 Class X1 (FHLMC) | Series K514 Class X1 (FHLMC) | Series K514 Class X1 (FHLMC) | Series K514 Class X1 (FHLMC) |
| 12/25/2028 | &nbsp;&nbsp; 0.963% | 67299960 | &nbsp;&nbsp; 1649744 |
| Government National Mortgage Association<sup>(e),(f)</sup>  | Government National Mortgage Association<sup>(e),(f)</sup>  | Government National Mortgage Association<sup>(e),(f)</sup>  | Government National Mortgage Association<sup>(e),(f)</sup>  |
| CMO Series 2011-38 Class IO | CMO Series 2011-38 Class IO | CMO Series 2011-38 Class IO | CMO Series 2011-38 Class IO |
| 04/16/2053 | &nbsp;&nbsp; 0.530% | 675718 | &nbsp;&nbsp; 4572 |
| CMO Series 2013-162 Class IO | CMO Series 2013-162 Class IO | CMO Series 2013-162 Class IO | CMO Series 2013-162 Class IO |
| 09/16/2046 | &nbsp;&nbsp; 0.105% | 10892675 | &nbsp;&nbsp; 17805 |
| CMO Series 2014-134 Class IA | CMO Series 2014-134 Class IA | CMO Series 2014-134 Class IA | CMO Series 2014-134 Class IA |
| 01/16/2055 | &nbsp;&nbsp; 0.124% | 8226015 | &nbsp;&nbsp; 20106 |
| CMO Series 2015-101 Class IO | CMO Series 2015-101 Class IO | CMO Series 2015-101 Class IO | CMO Series 2015-101 Class IO |
| 03/16/2052 | &nbsp;&nbsp; 0.253% | 2534523 | &nbsp;&nbsp; 17495 |
| CMO Series 2015-114 | CMO Series 2015-114 | CMO Series 2015-114 | CMO Series 2015-114 |
| 03/15/2057 | &nbsp;&nbsp; 0.273% | 1051978 | &nbsp;&nbsp; 10048 |
| CMO Series 2015-120 Class IO | CMO Series 2015-120 Class IO | CMO Series 2015-120 Class IO | CMO Series 2015-120 Class IO |
| 03/16/2057 | &nbsp;&nbsp; 0.577% | 5513858 | &nbsp;&nbsp; 87789 |
| CMO Series 2015-125 Class IB | CMO Series 2015-125 Class IB | CMO Series 2015-125 Class IB | CMO Series 2015-125 Class IB |
| 01/16/2055 | &nbsp;&nbsp; 0.847% | 4816131 | &nbsp;&nbsp; 74506 |
| CMO Series 2015-125 Class IO | CMO Series 2015-125 Class IO | CMO Series 2015-125 Class IO | CMO Series 2015-125 Class IO |
| 07/16/2055 | &nbsp;&nbsp; 0.500% | 14160435 | &nbsp;&nbsp; 144779 |
| CMO Series 2015-146 Class IC | CMO Series 2015-146 Class IC | CMO Series 2015-146 Class IC | CMO Series 2015-146 Class IC |
| 07/16/2055 | &nbsp;&nbsp; 0.115% | 4698262 | &nbsp;&nbsp; 16795 |
| CMO Series 2015-171 Class IO | CMO Series 2015-171 Class IO | CMO Series 2015-171 Class IO | CMO Series 2015-171 Class IO |
| 11/16/2055 | &nbsp;&nbsp; 0.801% | 3846743 | &nbsp;&nbsp; 118291 |
| CMO Series 2015-174 Class IO | CMO Series 2015-174 Class IO | CMO Series 2015-174 Class IO | CMO Series 2015-174 Class IO |
| 11/16/2055 | &nbsp;&nbsp; 0.405% | 5021311 | &nbsp;&nbsp; 77637 |
| CMO Series 2015-21 Class IO | CMO Series 2015-21 Class IO | CMO Series 2015-21 Class IO | CMO Series 2015-21 Class IO |
| 07/16/2056 | &nbsp;&nbsp; 0.663% | 2522815 | &nbsp;&nbsp; 68651 |
| CMO Series 2015-29 Class EI | CMO Series 2015-29 Class EI | CMO Series 2015-29 Class EI | CMO Series 2015-29 Class EI |
| 09/16/2049 | &nbsp;&nbsp; 0.712% | 2836778 | &nbsp;&nbsp; 37403 |
| CMO Series 2015-41 Class IO | CMO Series 2015-41 Class IO | CMO Series 2015-41 Class IO | CMO Series 2015-41 Class IO |
| 09/16/2056 | &nbsp;&nbsp; 0.160% | 701942 | &nbsp;&nbsp; 2086 |
| CMO Series 2015-6 Class IO | CMO Series 2015-6 Class IO | CMO Series 2015-6 Class IO | CMO Series 2015-6 Class IO |
| 02/16/2051 | &nbsp;&nbsp; 0.453% | 1726408 | &nbsp;&nbsp; 23410 |
| CMO Series 2015-70 Class IO | CMO Series 2015-70 Class IO | CMO Series 2015-70 Class IO | CMO Series 2015-70 Class IO |
| 12/16/2049 | &nbsp;&nbsp; 0.555% | 4906805 | &nbsp;&nbsp; 91775 |
| CMO Series 2016-39 Class IO | CMO Series 2016-39 Class IO | CMO Series 2016-39 Class IO | CMO Series 2016-39 Class IO |
| 01/16/2056 | &nbsp;&nbsp; 0.635% | 2969990 | &nbsp;&nbsp; 77186 |
| CMO Series 2022-17 Class IO | CMO Series 2022-17 Class IO | CMO Series 2022-17 Class IO | CMO Series 2022-17 Class IO |
| 06/16/2064 | &nbsp;&nbsp; 0.802% | 5977391 | &nbsp;&nbsp; 369717 |
| CMO Series 2022-43 Class IO | CMO Series 2022-43 Class IO | CMO Series 2022-43 Class IO | CMO Series 2022-43 Class IO |
| 09/16/2061 | &nbsp;&nbsp; 0.738% | 12302461 | &nbsp;&nbsp; 629334 |
| Series 2014-101 Class IO | Series 2014-101 Class IO | Series 2014-101 Class IO | Series 2014-101 Class IO |
| 04/16/2056 | &nbsp;&nbsp; 0.516% | 8828138 | &nbsp;&nbsp; 117502 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2016-152 Class IO | Series 2016-152 Class IO | Series 2016-152 Class IO | Series 2016-152 Class IO |
| 08/15/2058 | &nbsp;&nbsp; 0.767% | 8671340 | &nbsp;&nbsp; 399143 |
| Series 2017-168 Class IO | Series 2017-168 Class IO | Series 2017-168 Class IO | Series 2017-168 Class IO |
| 12/16/2059 | &nbsp;&nbsp; 0.553% | 14090777 | &nbsp;&nbsp; 496711 |
| Series 2018-110 Class IA | Series 2018-110 Class IA | Series 2018-110 Class IA | Series 2018-110 Class IA |
| 11/16/2059 | &nbsp;&nbsp; 0.629% | 19225728 | &nbsp;&nbsp; 560459 |
| Series 2018-2 Class IO | Series 2018-2 Class IO | Series 2018-2 Class IO | Series 2018-2 Class IO |
| 12/16/2059 | &nbsp;&nbsp; 0.703% | 6809985 | &nbsp;&nbsp; 289999 |
| Series 2020-108 Class IO | Series 2020-108 Class IO | Series 2020-108 Class IO | Series 2020-108 Class IO |
| 06/16/2062 | &nbsp;&nbsp; 0.847% | 8392111 | &nbsp;&nbsp; 482945 |
| Series 2021-106 Class IO | Series 2021-106 Class IO | Series 2021-106 Class IO | Series 2021-106 Class IO |
| 04/16/2063 | &nbsp;&nbsp; 0.857% | 8851047 | &nbsp;&nbsp; 584842 |
| Series 2021-132 Class BI | Series 2021-132 Class BI | Series 2021-132 Class BI | Series 2021-132 Class BI |
| 04/16/2063 | &nbsp;&nbsp; 0.917% | 11177232 | &nbsp;&nbsp; 754341 |
| Series 2021-133 Class IO | Series 2021-133 Class IO | Series 2021-133 Class IO | Series 2021-133 Class IO |
| 07/16/2063 | &nbsp;&nbsp; 0.883% | 11399517 | &nbsp;&nbsp; 794133 |
| Series 2021-145 Class IO | Series 2021-145 Class IO | Series 2021-145 Class IO | Series 2021-145 Class IO |
| 07/16/2061 | &nbsp;&nbsp; 0.770% | 2392506 | &nbsp;&nbsp; 115682 |
| Series 2021-151 Class IO | Series 2021-151 Class IO | Series 2021-151 Class IO | Series 2021-151 Class IO |
| 04/16/2063 | &nbsp;&nbsp; 0.907% | 9947989 | &nbsp;&nbsp; 647260 |
| Series 2021-163 Class IO | Series 2021-163 Class IO | Series 2021-163 Class IO | Series 2021-163 Class IO |
| 03/16/2064 | &nbsp;&nbsp; 0.810% | 10349327 | &nbsp;&nbsp; 584775 |
| Series 2021-52 Class IO | Series 2021-52 Class IO | Series 2021-52 Class IO | Series 2021-52 Class IO |
| 04/16/2063 | &nbsp;&nbsp; 0.722% | 9926468 | &nbsp;&nbsp; 539099 |
| Series 2022-132 Class IO | Series 2022-132 Class IO | Series 2022-132 Class IO | Series 2022-132 Class IO |
| 10/16/2064 | &nbsp;&nbsp; 0.536% | 10611544 | &nbsp;&nbsp; 446950 |
| Series 2022-92 Class EI | Series 2022-92 Class EI | Series 2022-92 Class EI | Series 2022-92 Class EI |
| 02/16/2064 | &nbsp;&nbsp; 0.808% | 10637677 | &nbsp;&nbsp; 594499 |
| Series 2023-110 Class IO | Series 2023-110 Class IO | Series 2023-110 Class IO | Series 2023-110 Class IO |
| 07/16/2058 | &nbsp;&nbsp; 1.022% | 9708289 | &nbsp;&nbsp; 672016 |
| Government National Mortgage Association<sup>(c)</sup>  | Government National Mortgage Association<sup>(c)</sup>  | Government National Mortgage Association<sup>(c)</sup>  | Government National Mortgage Association<sup>(c)</sup>  |
| CMO Series 2013-H08 Class FA | CMO Series 2013-H08 Class FA | CMO Series 2013-H08 Class FA | CMO Series 2013-H08 Class FA |
| 1-month Term SOFR + 0.464% <br>Floor 0.350%, Cap 10.550% <br>03/20/2063<br>| &nbsp;&nbsp; 4.147% | 22805 | &nbsp;&nbsp; 22756 |
| Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $65,983,442) | Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $65,983,442) | Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $65,983,442) | &nbsp;&nbsp; **45294962** |
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **6.7%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **6.7%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **6.7%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **6.7%** |
| 1301 Trust AOA<sup>(b),(e)</sup>  | 1301 Trust AOA<sup>(b),(e)</sup>  | 1301 Trust AOA<sup>(b),(e)</sup>  | 1301 Trust AOA<sup>(b),(e)</sup>  |
| Series 2025-1301 Class A | Series 2025-1301 Class A | Series 2025-1301 Class A | Series 2025-1301 Class A |
| 08/11/2042 | &nbsp;&nbsp; 5.059% | 6500000 | &nbsp;&nbsp; 6654612 |
| 1345T<sup>(b),(c)</sup>  | 1345T<sup>(b),(c)</sup>  | 1345T<sup>(b),(c)</sup>  | 1345T<sup>(b),(c)</sup>  |
| Series 2025-AOA Class A | Series 2025-AOA Class A | Series 2025-AOA Class A | Series 2025-AOA Class A |
| 1-month Term SOFR + 1.600% <br>Floor 1.600% <br>06/15/2030<br>| &nbsp;&nbsp; 5.260% | 6060000 | &nbsp;&nbsp; 6067583 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| ALA Trust<sup>(b),(c)</sup>  | ALA Trust<sup>(b),(c)</sup>  | ALA Trust<sup>(b),(c)</sup>  | ALA Trust<sup>(b),(c)</sup>  |
| Series 2025-OANA Class A | Series 2025-OANA Class A | Series 2025-OANA Class A | Series 2025-OANA Class A |
| 1-month Term SOFR + 1.743% <br>Floor 1.743% <br>06/15/2040<br>| &nbsp;&nbsp; 5.402% | 1360000 | &nbsp;&nbsp; 1366803 |
| Arbor Multifamily Mortgage Securities Trust<sup>(b)</sup>  | Arbor Multifamily Mortgage Securities Trust<sup>(b)</sup>  | Arbor Multifamily Mortgage Securities Trust<sup>(b)</sup>  | Arbor Multifamily Mortgage Securities Trust<sup>(b)</sup>  |
| Series 2021-MF2 Class A4 | Series 2021-MF2 Class A4 | Series 2021-MF2 Class A4 | Series 2021-MF2 Class A4 |
| 06/15/2054 | &nbsp;&nbsp; 2.252% | 18000000 | &nbsp;&nbsp; 16399114 |
| Arbor Realty Commercial Real Estate Notes Ltd.<sup>(b),(c)</sup>  | Arbor Realty Commercial Real Estate Notes Ltd.<sup>(b),(c)</sup>  | Arbor Realty Commercial Real Estate Notes Ltd.<sup>(b),(c)</sup>  | Arbor Realty Commercial Real Estate Notes Ltd.<sup>(b),(c)</sup>  |
| Series 2021-FL4 Class D | Series 2021-FL4 Class D | Series 2021-FL4 Class D | Series 2021-FL4 Class D |
| 1-month Term SOFR + 3.014% <br>Floor 2.900% <br>11/15/2036<br>| &nbsp;&nbsp; 6.674% | 3250000 | &nbsp;&nbsp; 3252435 |
| ARDN Mortgage Trust<sup>(b),(c)</sup>  | ARDN Mortgage Trust<sup>(b),(c)</sup>  | ARDN Mortgage Trust<sup>(b),(c)</sup>  | ARDN Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2025-ARCP Class A | Series 2025-ARCP Class A | Series 2025-ARCP Class A | Series 2025-ARCP Class A |
| 1-month Term SOFR + 1.750% <br>Floor 1.750% <br>06/15/2035<br>| &nbsp;&nbsp; 5.431% | 5000000 | &nbsp;&nbsp; 5012009 |
| AREIT LLC<sup>(b),(c)</sup>  | AREIT LLC<sup>(b),(c)</sup>  | AREIT LLC<sup>(b),(c)</sup>  | AREIT LLC<sup>(b),(c)</sup>  |
| Series 2023-CRE8 Class A | Series 2023-CRE8 Class A | Series 2023-CRE8 Class A | Series 2023-CRE8 Class A |
| 1-month Term SOFR + 2.112% <br>Floor 2.112% <br>08/17/2041<br>| &nbsp;&nbsp; 5.776% | 889781 | &nbsp;&nbsp; 889511 |
| AREIT Ltd.<sup>(b),(c)</sup>  | AREIT Ltd.<sup>(b),(c)</sup>  | AREIT Ltd.<sup>(b),(c)</sup>  | AREIT Ltd.<sup>(b),(c)</sup>  |
| Series 2024-CRE9 Class A | Series 2024-CRE9 Class A | Series 2024-CRE9 Class A | Series 2024-CRE9 Class A |
| 1-month Term SOFR + 1.686% <br>Floor 1.687% <br>05/17/2041<br>| &nbsp;&nbsp; 5.346% | 801490 | &nbsp;&nbsp; 804685 |
| Series 2025-CRE10 Class A | Series 2025-CRE10 Class A | Series 2025-CRE10 Class A | Series 2025-CRE10 Class A |
| 1-month Term SOFR + 1.388% <br>Floor 1.388% <br>12/17/2029<br>| &nbsp;&nbsp; 5.044% | 5000000 | &nbsp;&nbsp; 4999998 |
| AREIT Trust<sup>(b),(c)</sup>  | AREIT Trust<sup>(b),(c)</sup>  | AREIT Trust<sup>(b),(c)</sup>  | AREIT Trust<sup>(b),(c)</sup>  |
| Series 2022-CRE6 Class A | Series 2022-CRE6 Class A | Series 2022-CRE6 Class A | Series 2022-CRE6 Class A |
| 30-day Average SOFR + 1.250% <br>Floor 1.250% <br>01/16/2037<br>| &nbsp;&nbsp; 4.908% | 604846 | &nbsp;&nbsp; 604070 |
| ARES Trust<sup>(b),(c)</sup>  | ARES Trust<sup>(b),(c)</sup>  | ARES Trust<sup>(b),(c)</sup>  | ARES Trust<sup>(b),(c)</sup>  |
| Series 2025-IND3 Class A | Series 2025-IND3 Class A | Series 2025-IND3 Class A | Series 2025-IND3 Class A |
| 1-month Term SOFR + 1.500% <br>Floor 1.500% <br>04/15/2027<br>| &nbsp;&nbsp; 5.180% | 3530000 | &nbsp;&nbsp; 3532204 |
| Series 2025-IND3 Class B | Series 2025-IND3 Class B | Series 2025-IND3 Class B | Series 2025-IND3 Class B |
| 1-month Term SOFR + 1.850% <br>Floor 1.850%, Cap 1.850% <br>04/15/2027<br>| &nbsp;&nbsp; 5.530% | 3000000 | &nbsp;&nbsp; 3000740 |
| ARZ Trust<sup>(b)</sup>  | ARZ Trust<sup>(b)</sup>  | ARZ Trust<sup>(b)</sup>  | ARZ Trust<sup>(b)</sup>  |
| Subordinated Series 2024-BILT Class C | Subordinated Series 2024-BILT Class C | Subordinated Series 2024-BILT Class C | Subordinated Series 2024-BILT Class C |
| 06/11/2029 | &nbsp;&nbsp; 6.361% | 1500000 | &nbsp;&nbsp; 1534493 |
| BAHA Trust<sup>(b),(e)</sup>  | BAHA Trust<sup>(b),(e)</sup>  | BAHA Trust<sup>(b),(e)</sup>  | BAHA Trust<sup>(b),(e)</sup>  |
| Subordinated Series 2024-MAR Class B | Subordinated Series 2024-MAR Class B | Subordinated Series 2024-MAR Class B | Subordinated Series 2024-MAR Class B |
| 12/10/2029 | &nbsp;&nbsp; 6.385% | 2935000 | &nbsp;&nbsp; 3087260 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Banc of America Merrill Lynch Commercial Mortgage, Inc.<sup>(e),(f)</sup>  | Banc of America Merrill Lynch Commercial Mortgage, Inc.<sup>(e),(f)</sup>  | Banc of America Merrill Lynch Commercial Mortgage, Inc.<sup>(e),(f)</sup>  | Banc of America Merrill Lynch Commercial Mortgage, Inc.<sup>(e),(f)</sup>  |
| Series 2019-BN18 Class XA | Series 2019-BN18 Class XA | Series 2019-BN18 Class XA | Series 2019-BN18 Class XA |
| 05/15/2062 | &nbsp;&nbsp; 0.880% | 58156011 | &nbsp;&nbsp; 1464752 |
| BANK<sup>(e),(f)</sup>  | BANK<sup>(e),(f)</sup>  | BANK<sup>(e),(f)</sup>  | BANK<sup>(e),(f)</sup>  |
| Series 2017-BNK8 Class XA | Series 2017-BNK8 Class XA | Series 2017-BNK8 Class XA | Series 2017-BNK8 Class XA |
| 11/15/2050 | &nbsp;&nbsp; 0.704% | 25897671 | &nbsp;&nbsp; 211579 |
| BANK<sup>(e)</sup>  | BANK<sup>(e)</sup>  | BANK<sup>(e)</sup>  | BANK<sup>(e)</sup>  |
| Series 2021-BN37 Class A5 | Series 2021-BN37 Class A5 | Series 2021-BN37 Class A5 | Series 2021-BN37 Class A5 |
| 11/15/2064 | &nbsp;&nbsp; 2.618% | 5605000 | &nbsp;&nbsp; 5106582 |
| Bank5<sup>(e)</sup>  | Bank5<sup>(e)</sup>  | Bank5<sup>(e)</sup>  | Bank5<sup>(e)</sup>  |
| Subordinated Series 2024-5YR10 Class C | Subordinated Series 2024-5YR10 Class C | Subordinated Series 2024-5YR10 Class C | Subordinated Series 2024-5YR10 Class C |
| 10/15/2057 | &nbsp;&nbsp; 5.743% | 1500000 | &nbsp;&nbsp; 1516496 |
| BANK5<sup>(e)</sup>  | BANK5<sup>(e)</sup>  | BANK5<sup>(e)</sup>  | BANK5<sup>(e)</sup>  |
| Series 2023-5YR3 Class A3 | Series 2023-5YR3 Class A3 | Series 2023-5YR3 Class A3 | Series 2023-5YR3 Class A3 |
| 09/15/2056 | &nbsp;&nbsp; 6.724% | 2985000 | &nbsp;&nbsp; 3157192 |
| BANK5 | BANK5 | BANK5 | BANK5 |
| Series 2023-5YR4 Class A3 | Series 2023-5YR4 Class A3 | Series 2023-5YR4 Class A3 | Series 2023-5YR4 Class A3 |
| 12/15/2056 | &nbsp;&nbsp; 6.500% | 1207531 | &nbsp;&nbsp; 1271634 |
| Series 2025-5Y15 Class C | Series 2025-5Y15 Class C | Series 2025-5Y15 Class C | Series 2025-5Y15 Class C |
| 06/15/2058 | &nbsp;&nbsp; 5.806% | 1750000 | &nbsp;&nbsp; 1795788 |
| BANK5 Trust | BANK5 Trust | BANK5 Trust | BANK5 Trust |
| Series 2024-5YR6 Class A3 | Series 2024-5YR6 Class A3 | Series 2024-5YR6 Class A3 | Series 2024-5YR6 Class A3 |
| 05/15/2057 | &nbsp;&nbsp; 6.225% | 6410000 | &nbsp;&nbsp; 6774821 |
| BBCMS Mortgage Trust<sup>(b)</sup>  | BBCMS Mortgage Trust<sup>(b)</sup>  | BBCMS Mortgage Trust<sup>(b)</sup>  | BBCMS Mortgage Trust<sup>(b)</sup>  |
| Series 2016-ETC Class A | Series 2016-ETC Class A | Series 2016-ETC Class A | Series 2016-ETC Class A |
| 08/14/2036 | &nbsp;&nbsp; 2.937% | 13500000 | &nbsp;&nbsp; 13274680 |
| Subordinated Series 2016-ETC Class B | Subordinated Series 2016-ETC Class B | Subordinated Series 2016-ETC Class B | Subordinated Series 2016-ETC Class B |
| 08/14/2036 | &nbsp;&nbsp; 3.189% | 900000 | &nbsp;&nbsp; 877792 |
| Subordinated Series 2016-ETC Class C | Subordinated Series 2016-ETC Class C | Subordinated Series 2016-ETC Class C | Subordinated Series 2016-ETC Class C |
| 08/14/2036 | &nbsp;&nbsp; 3.391% | 770000 | &nbsp;&nbsp; 747088 |
| BBCMS Mortgage Trust<sup>(e),(f)</sup>  | BBCMS Mortgage Trust<sup>(e),(f)</sup>  | BBCMS Mortgage Trust<sup>(e),(f)</sup>  | BBCMS Mortgage Trust<sup>(e),(f)</sup>  |
| Series 2018-C2 Class XA | Series 2018-C2 Class XA | Series 2018-C2 Class XA | Series 2018-C2 Class XA |
| 12/15/2051 | &nbsp;&nbsp; 0.747% | 56050234 | &nbsp;&nbsp; 872870 |
| BBCMS Mortgage Trust | BBCMS Mortgage Trust | BBCMS Mortgage Trust | BBCMS Mortgage Trust |
| Series 2021-C12 Class A5 | Series 2021-C12 Class A5 | Series 2021-C12 Class A5 | Series 2021-C12 Class A5 |
| 11/15/2054 | &nbsp;&nbsp; 2.689% | 15495000 | &nbsp;&nbsp; 14088792 |
| Series 2024-5C25 Class A3 | Series 2024-5C25 Class A3 | Series 2024-5C25 Class A3 | Series 2024-5C25 Class A3 |
| 03/15/2057 | &nbsp;&nbsp; 5.946% | 3445000 | &nbsp;&nbsp; 3607162 |
| Series 2024-5C27 Class A3 | Series 2024-5C27 Class A3 | Series 2024-5C27 Class A3 | Series 2024-5C27 Class A3 |
| 07/15/2057 | &nbsp;&nbsp; 6.014% | 7600000 | &nbsp;&nbsp; 7998128 |
| BBCMS Mortgage Trust<sup>(b),(e)</sup>  | BBCMS Mortgage Trust<sup>(b),(e)</sup>  | BBCMS Mortgage Trust<sup>(b),(e)</sup>  | BBCMS Mortgage Trust<sup>(b),(e)</sup>  |
| Subordinated Series 2016-ETC Class D | Subordinated Series 2016-ETC Class D | Subordinated Series 2016-ETC Class D | Subordinated Series 2016-ETC Class D |
| 08/14/2036 | &nbsp;&nbsp; 3.609% | 2790000 | &nbsp;&nbsp; 2690382 |
| BDS LLC<sup>(b),(c)</sup>  | BDS LLC<sup>(b),(c)</sup>  | BDS LLC<sup>(b),(c)</sup>  | BDS LLC<sup>(b),(c)</sup>  |
| Series 2024-FL13 Class A | Series 2024-FL13 Class A | Series 2024-FL13 Class A | Series 2024-FL13 Class A |
| 1-month Term SOFR + 1.576% <br>Floor 1.576% <br>09/19/2039<br>| &nbsp;&nbsp; 5.248% | 2000000 | &nbsp;&nbsp; 2006251 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2025-FL15 Class A | Series 2025-FL15 Class A | Series 2025-FL15 Class A | Series 2025-FL15 Class A |
| 1-month Term SOFR + 1.400% <br>Floor 1.400% <br>03/19/2043<br>| &nbsp;&nbsp; 5.066% | 5000000 | &nbsp;&nbsp; 5007812 |
| Series 2025-FL16 Class A | Series 2025-FL16 Class A | Series 2025-FL16 Class A | Series 2025-FL16 Class A |
| 1-month Term SOFR + 1.400% <br>Floor 1.400% <br>07/19/2043<br>| &nbsp;&nbsp; 5.067% | 5000000 | &nbsp;&nbsp; 5004682 |
| Benchmark Mortgage Trust<sup>(e),(f)</sup>  | Benchmark Mortgage Trust<sup>(e),(f)</sup>  | Benchmark Mortgage Trust<sup>(e),(f)</sup>  | Benchmark Mortgage Trust<sup>(e),(f)</sup>  |
| Series 2019-B10 Class XA | Series 2019-B10 Class XA | Series 2019-B10 Class XA | Series 2019-B10 Class XA |
| 03/15/2062 | &nbsp;&nbsp; 1.208% | 24372885 | &nbsp;&nbsp; 758240 |
| Series 2020-B20 Class XA | Series 2020-B20 Class XA | Series 2020-B20 Class XA | Series 2020-B20 Class XA |
| 10/15/2053 | &nbsp;&nbsp; 1.521% | 12748098 | &nbsp;&nbsp; 596919 |
| Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust |
| Series 2021-B26 Class A4 | Series 2021-B26 Class A4 | Series 2021-B26 Class A4 | Series 2021-B26 Class A4 |
| 06/15/2054 | &nbsp;&nbsp; 2.295% | 10600000 | &nbsp;&nbsp; 9729575 |
| Series 2022-B34 Class A5 | Series 2022-B34 Class A5 | Series 2022-B34 Class A5 | Series 2022-B34 Class A5 |
| 04/15/2055 | &nbsp;&nbsp; 3.786% | 2300000 | &nbsp;&nbsp; 2176634 |
| Benchmark Mortgage Trust<sup>(e)</sup>  | Benchmark Mortgage Trust<sup>(e)</sup>  | Benchmark Mortgage Trust<sup>(e)</sup>  | Benchmark Mortgage Trust<sup>(e)</sup>  |
| Series 2023-V2 Class A3 | Series 2023-V2 Class A3 | Series 2023-V2 Class A3 | Series 2023-V2 Class A3 |
| 05/15/2055 | &nbsp;&nbsp; 5.812% | 17305000 | &nbsp;&nbsp; 17884261 |
| Series 2025-V17 Class C | Series 2025-V17 Class C | Series 2025-V17 Class C | Series 2025-V17 Class C |
| 09/15/2058 | &nbsp;&nbsp; 5.873% | 1000000 | &nbsp;&nbsp; 1024474 |
| Series 2025-V18 Class C | Series 2025-V18 Class C | Series 2025-V18 Class C | Series 2025-V18 Class C |
| 10/15/2058 | &nbsp;&nbsp; 6.139% | 3000000 | &nbsp;&nbsp; 3047484 |
| BFLD Commercial Mortgage Trust<sup>(b),(c)</sup>  | BFLD Commercial Mortgage Trust<sup>(b),(c)</sup>  | BFLD Commercial Mortgage Trust<sup>(b),(c)</sup>  | BFLD Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2025-660F Class A | Series 2025-660F Class A | Series 2025-660F Class A | Series 2025-660F Class A |
| 1-month Term SOFR + 1.500% <br>Floor 1.500% <br>11/15/2042<br>| &nbsp;&nbsp; 5.260% | 3275000 | &nbsp;&nbsp; 3281141 |
| BFLD Mortgage Trust<sup>(b),(c)</sup>  | BFLD Mortgage Trust<sup>(b),(c)</sup>  | BFLD Mortgage Trust<sup>(b),(c)</sup>  | BFLD Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2024-WRHS Class A | Series 2024-WRHS Class A | Series 2024-WRHS Class A | Series 2024-WRHS Class A |
| 1-month Term SOFR + 1.492% <br>Floor 1.492% <br>08/15/2026<br>| &nbsp;&nbsp; 5.210% | 6952478 | &nbsp;&nbsp; 6954649 |
| BFLD Trust<sup>(b),(c)</sup>  | BFLD Trust<sup>(b),(c)</sup>  | BFLD Trust<sup>(b),(c)</sup>  | BFLD Trust<sup>(b),(c)</sup>  |
| Series 2025-EWEST Class A | Series 2025-EWEST Class A | Series 2025-EWEST Class A | Series 2025-EWEST Class A |
| 1-month Term SOFR + 1.550% <br>Floor 1.550% <br>06/15/2042<br>| &nbsp;&nbsp; 5.230% | 5500000 | &nbsp;&nbsp; 5501726 |
| BHMS Commercial Mortgage Trust<sup>(b),(c)</sup>  | BHMS Commercial Mortgage Trust<sup>(b),(c)</sup>  | BHMS Commercial Mortgage Trust<sup>(b),(c)</sup>  | BHMS Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2025-ATLS Class B | Series 2025-ATLS Class B | Series 2025-ATLS Class B | Series 2025-ATLS Class B |
| 1-month Term SOFR + 2.650% <br>Floor 2.650% <br>08/15/2042<br>| &nbsp;&nbsp; 6.230% | 5000000 | &nbsp;&nbsp; 5015678 |
| BMD2 Re-Remic Trust<sup>(b),(g)</sup>  | BMD2 Re-Remic Trust<sup>(b),(g)</sup>  | BMD2 Re-Remic Trust<sup>(b),(g)</sup>  | BMD2 Re-Remic Trust<sup>(b),(g)</sup>  |
| Series 2019-FRR1 Class 3AB | Series 2019-FRR1 Class 3AB | Series 2019-FRR1 Class 3AB | Series 2019-FRR1 Class 3AB |
| 05/25/2052 | &nbsp;&nbsp; 0.000% | 2821000 | &nbsp;&nbsp; 2508659 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| BMO Mortgage Trust<sup>(e)</sup>  | BMO Mortgage Trust<sup>(e)</sup>  | BMO Mortgage Trust<sup>(e)</sup>  | BMO Mortgage Trust<sup>(e)</sup>  |
| Series 2024-5C8 Class A3 | Series 2024-5C8 Class A3 | Series 2024-5C8 Class A3 | Series 2024-5C8 Class A3 |
| 12/15/2057 | &nbsp;&nbsp; 5.625% | 13230000 | &nbsp;&nbsp; 13854041 |
| Subordinated Series 2024-5C6 Class C | Subordinated Series 2024-5C6 Class C | Subordinated Series 2024-5C6 Class C | Subordinated Series 2024-5C6 Class C |
| 09/15/2057 | &nbsp;&nbsp; 5.885% | 750000 | &nbsp;&nbsp; 758152 |
| BPR Commercial Mortgage Trust<sup>(b),(e)</sup>  | BPR Commercial Mortgage Trust<sup>(b),(e)</sup>  | BPR Commercial Mortgage Trust<sup>(b),(e)</sup>  | BPR Commercial Mortgage Trust<sup>(b),(e)</sup>  |
| Subordinated Series 2024-PARK Class B | Subordinated Series 2024-PARK Class B | Subordinated Series 2024-PARK Class B | Subordinated Series 2024-PARK Class B |
| 11/05/2039 | &nbsp;&nbsp; 5.411% | 5000000 | &nbsp;&nbsp; 5166213 |
| BPR Trust<sup>(b),(c)</sup>  | BPR Trust<sup>(b),(c)</sup>  | BPR Trust<sup>(b),(c)</sup>  | BPR Trust<sup>(b),(c)</sup>  |
| Series 2021-NRD Class A | Series 2021-NRD Class A | Series 2021-NRD Class A | Series 2021-NRD Class A |
| 1-month Term SOFR + 1.525% <br>Floor 1.525% <br>12/15/2038<br>| &nbsp;&nbsp; 5.185% | 3045000 | &nbsp;&nbsp; 3026309 |
| BPR Trust<sup>(b),(e)</sup>  | BPR Trust<sup>(b),(e)</sup>  | BPR Trust<sup>(b),(e)</sup>  | BPR Trust<sup>(b),(e)</sup>  |
| Series 2023-BRK2 Class A | Series 2023-BRK2 Class A | Series 2023-BRK2 Class A | Series 2023-BRK2 Class A |
| 11/05/2028 | &nbsp;&nbsp; 6.899% | 5400000 | &nbsp;&nbsp; 5598060 |
| BSPRT Issuer LLC<sup>(b),(c)</sup>  | BSPRT Issuer LLC<sup>(b),(c)</sup>  | BSPRT Issuer LLC<sup>(b),(c)</sup>  | BSPRT Issuer LLC<sup>(b),(c)</sup>  |
| Series 2025-FL12 Class A | Series 2025-FL12 Class A | Series 2025-FL12 Class A | Series 2025-FL12 Class A |
| 1-month Term SOFR + 1.386% <br>Floor 1.386% <br>01/17/2043<br>| &nbsp;&nbsp; 5.061% | 1000000 | &nbsp;&nbsp; 1002795 |
| BSTN Commercial Mortgage Trust<sup>(b),(e)</sup>  | BSTN Commercial Mortgage Trust<sup>(b),(e)</sup>  | BSTN Commercial Mortgage Trust<sup>(b),(e)</sup>  | BSTN Commercial Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2025-HUB Class A | Series 2025-HUB Class A | Series 2025-HUB Class A | Series 2025-HUB Class A |
| 04/13/2041 | &nbsp;&nbsp; 4.572% | 4000000 | &nbsp;&nbsp; 4064357 |
| BX Commercial Mortgage Trust<sup>(b),(c)</sup>  | BX Commercial Mortgage Trust<sup>(b),(c)</sup>  | BX Commercial Mortgage Trust<sup>(b),(c)</sup>  | BX Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2023-XL3 Class A | Series 2023-XL3 Class A | Series 2023-XL3 Class A | Series 2023-XL3 Class A |
| 1-month Term SOFR + 1.761% <br>Floor 1.761% <br>12/09/2040<br>| &nbsp;&nbsp; 5.421% | 1965017 | &nbsp;&nbsp; 1965017 |
| Series 2024-AIR2 Class A | Series 2024-AIR2 Class A | Series 2024-AIR2 Class A | Series 2024-AIR2 Class A |
| 1-month Term SOFR + 1.492% <br>Floor 1.492% <br>10/15/2041<br>| &nbsp;&nbsp; 5.152% | 3357131 | &nbsp;&nbsp; 3358181 |
| Series 2024-AIRC Class A | Series 2024-AIRC Class A | Series 2024-AIRC Class A | Series 2024-AIRC Class A |
| 1-month Term SOFR + 1.691% <br>Floor 1.691% <br>08/15/2039<br>| &nbsp;&nbsp; 5.351% | 4336256 | &nbsp;&nbsp; 4341671 |
| Series 2024-GPA3 Class A | Series 2024-GPA3 Class A | Series 2024-GPA3 Class A | Series 2024-GPA3 Class A |
| 1-month Term SOFR + 1.293% <br>Floor 1.293% <br>12/15/2039<br>| &nbsp;&nbsp; 4.953% | 3136500 | &nbsp;&nbsp; 3138460 |
| Series 2025-COPT Class B | Series 2025-COPT Class B | Series 2025-COPT Class B | Series 2025-COPT Class B |
| 1-month Term SOFR + 2.200% <br>Floor 2.200% <br>08/15/2042<br>| &nbsp;&nbsp; 5.860% | 6200000 | &nbsp;&nbsp; 6207736 |
| Series 2025-JDI Class A | Series 2025-JDI Class A | Series 2025-JDI Class A | Series 2025-JDI Class A |
| 1-month Term SOFR + 1.400% <br>11/15/2042<br>| &nbsp;&nbsp; 5.060% | 4446014 | &nbsp;&nbsp; 4451579 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2026-CSMO Class B | Series 2026-CSMO Class B | Series 2026-CSMO Class B | Series 2026-CSMO Class B |
| 1-month Term SOFR + 1.700% <br>Floor 1.700% <br>02/15/2042<br>| &nbsp;&nbsp; 5.350% | 3850000 | &nbsp;&nbsp; 3862010 |
| Subordinated Series 2021-21M Class E | Subordinated Series 2021-21M Class E | Subordinated Series 2021-21M Class E | Subordinated Series 2021-21M Class E |
| 1-month Term SOFR + 2.285% <br>Floor 2.171% <br>10/15/2036<br>| &nbsp;&nbsp; 5.945% | 1925000 | &nbsp;&nbsp; 1924398 |
| Subordinated Series 2024-MF Class D | Subordinated Series 2024-MF Class D | Subordinated Series 2024-MF Class D | Subordinated Series 2024-MF Class D |
| 1-month Term SOFR + 2.690% <br>Floor 2.690% <br>02/15/2039<br>| &nbsp;&nbsp; 6.350% | 2656364 | &nbsp;&nbsp; 2658854 |
| Subordinated Series 2024-XL5 Class C | Subordinated Series 2024-XL5 Class C | Subordinated Series 2024-XL5 Class C | Subordinated Series 2024-XL5 Class C |
| 1-month Term SOFR + 1.941% <br>Floor 1.941% <br>03/15/2041<br>| &nbsp;&nbsp; 5.601% | 3500000 | &nbsp;&nbsp; 3500000 |
| BX Commercial Mortgage Trust<sup>(b),(e)</sup>  | BX Commercial Mortgage Trust<sup>(b),(e)</sup>  | BX Commercial Mortgage Trust<sup>(b),(e)</sup>  | BX Commercial Mortgage Trust<sup>(b),(e)</sup>  |
| Subordinated Series 2020-VIV3 Class B | Subordinated Series 2020-VIV3 Class B | Subordinated Series 2020-VIV3 Class B | Subordinated Series 2020-VIV3 Class B |
| 03/09/2044 | &nbsp;&nbsp; 3.544% | 5780000 | &nbsp;&nbsp; 5559970 |
| BX Mortgage Trust<sup>(b),(c)</sup>  | BX Mortgage Trust<sup>(b),(c)</sup>  | BX Mortgage Trust<sup>(b),(c)</sup>  | BX Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2024-PALM Class B | Series 2024-PALM Class B | Series 2024-PALM Class B | Series 2024-PALM Class B |
| 1-month Term SOFR + 1.791% <br>Floor 1.791% <br>06/15/2037<br>| &nbsp;&nbsp; 5.471% | 1730769 | &nbsp;&nbsp; 1719421 |
| BX Trust<sup>(b),(c)</sup>  | BX Trust<sup>(b),(c)</sup>  | BX Trust<sup>(b),(c)</sup>  | BX Trust<sup>(b),(c)</sup>  |
| Series 2021-LGCY Class D | Series 2021-LGCY Class D | Series 2021-LGCY Class D | Series 2021-LGCY Class D |
| 1-month Term SOFR + 0.114% <br>Floor 1.302% <br>10/15/2036<br>| &nbsp;&nbsp; 5.076% | 590000 | &nbsp;&nbsp; 589631 |
| Series 2024-CNYN Class C | Series 2024-CNYN Class C | Series 2024-CNYN Class C | Series 2024-CNYN Class C |
| 1-month Term SOFR + 1.941% <br>Floor 1.941% <br>04/15/2029<br>| &nbsp;&nbsp; 5.601% | 1425923 | &nbsp;&nbsp; 1426815 |
| Series 2024-VLT4 Class A | Series 2024-VLT4 Class A | Series 2024-VLT4 Class A | Series 2024-VLT4 Class A |
| 1-month Term SOFR + 1.491% <br>Floor 1.491% <br>07/15/2029<br>| &nbsp;&nbsp; 5.151% | 5790000 | &nbsp;&nbsp; 5779155 |
| Series 2025-DELC Class A | Series 2025-DELC Class A | Series 2025-DELC Class A | Series 2025-DELC Class A |
| 1-month Term SOFR + 1.550% <br>Floor 1.550% <br>12/15/2042<br>| &nbsp;&nbsp; 5.210% | 1635000 | &nbsp;&nbsp; 1639087 |
| Series 2025-LUNR Class A | Series 2025-LUNR Class A | Series 2025-LUNR Class A | Series 2025-LUNR Class A |
| 1-month Term SOFR + 1.650% <br>06/15/2040<br>| &nbsp;&nbsp; 5.160% | 7682842 | &nbsp;&nbsp; 7692439 |
| Series 2025-LUNR Class B | Series 2025-LUNR Class B | Series 2025-LUNR Class B | Series 2025-LUNR Class B |
| 1-month Term SOFR + 1.850% <br>Floor 1.850% <br>06/15/2040<br>| &nbsp;&nbsp; 5.510% | 3782581 | &nbsp;&nbsp; 3787306 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2025-ROIC Class C | Series 2025-ROIC Class C | Series 2025-ROIC Class C | Series 2025-ROIC Class C | Series 2025-ROIC Class C |
| 1-month Term SOFR + 1.543% <br>Floor 1.693% <br>03/15/2030<br>| &nbsp;&nbsp; 5.203% |  | 2440039 | &nbsp;&nbsp; 2432413 |
| Series 2025-TAIL Class A | Series 2025-TAIL Class A | Series 2025-TAIL Class A | Series 2025-TAIL Class A | Series 2025-TAIL Class A |
| 1-month Term SOFR + 1.400% <br>Floor 1.400% <br>06/15/2035<br>| &nbsp;&nbsp; 5.080% |  | 6310000 | &nbsp;&nbsp; 6310001 |
| Series 2025-VLT6 Class C | Series 2025-VLT6 Class C | Series 2025-VLT6 Class C | Series 2025-VLT6 Class C | Series 2025-VLT6 Class C |
| 1-month Term SOFR + 2.192% <br>03/15/2042<br>| &nbsp;&nbsp; 5.852% |  | 5000000 | &nbsp;&nbsp; 4978119 |
| Series 2025-VLT7 Class A | Series 2025-VLT7 Class A | Series 2025-VLT7 Class A | Series 2025-VLT7 Class A | Series 2025-VLT7 Class A |
| 1-month Term SOFR + 1.650% <br>Floor 1.700% <br>07/15/2027<br>| &nbsp;&nbsp; 5.360% |  | 5240000 | &nbsp;&nbsp; 5243432 |
| Series 2025-VLT7 Class B | Series 2025-VLT7 Class B | Series 2025-VLT7 Class B | Series 2025-VLT7 Class B | Series 2025-VLT7 Class B |
| 1-month Term SOFR + 2.000% <br>Floor 2.000% <br>07/15/2027<br>| &nbsp;&nbsp; 5.660% |  | 5100000 | &nbsp;&nbsp; 5101739 |
| Series 2025-VOLT Class B | Series 2025-VOLT Class B | Series 2025-VOLT Class B | Series 2025-VOLT Class B | Series 2025-VOLT Class B |
| 1-month Term SOFR + 2.100% <br>Floor 2.100% <br>12/15/2044<br>| &nbsp;&nbsp; 5.760% |  | 5315000 | &nbsp;&nbsp; 5321639 |
| Series 2025-VOLT Class C | Series 2025-VOLT Class C | Series 2025-VOLT Class C | Series 2025-VOLT Class C | Series 2025-VOLT Class C |
| 1-month Term SOFR + 2.350% <br>Floor 2.350% <br>12/15/2044<br>| &nbsp;&nbsp; 6.010% |  | 5000000 | &nbsp;&nbsp; 5014070 |
| Series 2026-CART Class A | Series 2026-CART Class A | Series 2026-CART Class A | Series 2026-CART Class A | Series 2026-CART Class A |
| 1-month Term SOFR + 1.050% <br>Floor 1.050% <br>02/15/2036<br>| &nbsp;&nbsp; 4.800% |  | 2400000 | &nbsp;&nbsp; 2396250 |
| Subordinated Series 2022-VAMF Class E | Subordinated Series 2022-VAMF Class E | Subordinated Series 2022-VAMF Class E | Subordinated Series 2022-VAMF Class E | Subordinated Series 2022-VAMF Class E |
| 1-month Term SOFR + 2.700% <br>Floor 2.700% <br>01/15/2039<br>| &nbsp;&nbsp; 6.360% |  | 5327177 | &nbsp;&nbsp; 5310254 |
| BX Trust<sup>(b),(e)</sup>  | BX Trust<sup>(b),(e)</sup>  | BX Trust<sup>(b),(e)</sup>  | BX Trust<sup>(b),(e)</sup>  | BX Trust<sup>(b),(e)</sup>  |
| Series 2025-ARIA Class A | Series 2025-ARIA Class A | Series 2025-ARIA Class A | Series 2025-ARIA Class A | Series 2025-ARIA Class A |
| 12/13/2042 | &nbsp;&nbsp; 5.120% |  | 6800000 | &nbsp;&nbsp; 6974323 |
| BXHPP Trust<sup>(b),(c)</sup>  | BXHPP Trust<sup>(b),(c)</sup>  | BXHPP Trust<sup>(b),(c)</sup>  | BXHPP Trust<sup>(b),(c)</sup>  | BXHPP Trust<sup>(b),(c)</sup>  |
| Series 2021-FILM Class A | Series 2021-FILM Class A | Series 2021-FILM Class A | Series 2021-FILM Class A | Series 2021-FILM Class A |
| 1-month Term SOFR + 0.764% <br>Floor 0.650% <br>08/15/2036<br>| &nbsp;&nbsp; 4.424% |  | 7000000 | &nbsp;&nbsp; 6650000 |
| Caister Finance DAC<sup>(b),(c)</sup>  | Caister Finance DAC<sup>(b),(c)</sup>  | Caister Finance DAC<sup>(b),(c)</sup>  | Caister Finance DAC<sup>(b),(c)</sup>  | Caister Finance DAC<sup>(b),(c)</sup>  |
| Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C |
| SONIA + 2.840% <br>08/17/2035<br>| &nbsp;&nbsp; 6.569% | GBP | 2500000 | &nbsp;&nbsp; 3356514 |
| CAMB Commercial Mortgage Trust<sup>(b)</sup>  | CAMB Commercial Mortgage Trust<sup>(b)</sup>  | CAMB Commercial Mortgage Trust<sup>(b)</sup>  | CAMB Commercial Mortgage Trust<sup>(b)</sup>  | CAMB Commercial Mortgage Trust<sup>(b)</sup>  |
| Series 2021-CX2 Class A | Series 2021-CX2 Class A | Series 2021-CX2 Class A | Series 2021-CX2 Class A | Series 2021-CX2 Class A |
| 11/10/2046 | &nbsp;&nbsp; 2.700% |  | 7200000 | &nbsp;&nbsp; 6312559 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Cantor Commercial Real Estate Lending | Cantor Commercial Real Estate Lending | Cantor Commercial Real Estate Lending | Cantor Commercial Real Estate Lending |
| Series 2019-CF1 Class A2 | Series 2019-CF1 Class A2 | Series 2019-CF1 Class A2 | Series 2019-CF1 Class A2 |
| 05/15/2052 | &nbsp;&nbsp; 3.623% | 3391192 | &nbsp;&nbsp; 3354820 |
| Series 2019-CF3 Class A3 | Series 2019-CF3 Class A3 | Series 2019-CF3 Class A3 | Series 2019-CF3 Class A3 |
| 01/15/2053 | &nbsp;&nbsp; 2.752% | 16100000 | &nbsp;&nbsp; 15253142 |
| Cantor Commercial Real Estate Lending<sup>(e),(f)</sup>  | Cantor Commercial Real Estate Lending<sup>(e),(f)</sup>  | Cantor Commercial Real Estate Lending<sup>(e),(f)</sup>  | Cantor Commercial Real Estate Lending<sup>(e),(f)</sup>  |
| Series 2019-CF2 Class XA | Series 2019-CF2 Class XA | Series 2019-CF2 Class XA | Series 2019-CF2 Class XA |
| 11/15/2052 | &nbsp;&nbsp; 1.133% | 35043938 | &nbsp;&nbsp; 1129533 |
| CCUBS Commercial Mortgage Trust<sup>(e)</sup>  | CCUBS Commercial Mortgage Trust<sup>(e)</sup>  | CCUBS Commercial Mortgage Trust<sup>(e)</sup>  | CCUBS Commercial Mortgage Trust<sup>(e)</sup>  |
| Subordinated Series 2017-C1 Class B | Subordinated Series 2017-C1 Class B | Subordinated Series 2017-C1 Class B | Subordinated Series 2017-C1 Class B |
| 11/15/2050 | &nbsp;&nbsp; 4.159% | 1505000 | &nbsp;&nbsp; 1446961 |
| CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust | CD Mortgage Trust |
| Series 2016-CD1 Class A3 | Series 2016-CD1 Class A3 | Series 2016-CD1 Class A3 | Series 2016-CD1 Class A3 |
| 08/10/2049 | &nbsp;&nbsp; 2.459% | 6960799 | &nbsp;&nbsp; 6899518 |
| Series 2017-CD6 Class A4 | Series 2017-CD6 Class A4 | Series 2017-CD6 Class A4 | Series 2017-CD6 Class A4 |
| 11/13/2050 | &nbsp;&nbsp; 3.190% | 19028149 | &nbsp;&nbsp; 18781667 |
| CD Mortgage Trust<sup>(e),(f)</sup>  | CD Mortgage Trust<sup>(e),(f)</sup>  | CD Mortgage Trust<sup>(e),(f)</sup>  | CD Mortgage Trust<sup>(e),(f)</sup>  |
| Series 2019-CD8 Class XA | Series 2019-CD8 Class XA | Series 2019-CD8 Class XA | Series 2019-CD8 Class XA |
| 08/15/2057 | &nbsp;&nbsp; 1.376% | 44730841 | &nbsp;&nbsp; 1677496 |
| CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust |
| Series 2016-C4 Class A4 | Series 2016-C4 Class A4 | Series 2016-C4 Class A4 | Series 2016-C4 Class A4 |
| 05/10/2058 | &nbsp;&nbsp; 3.283% | 633092 | &nbsp;&nbsp; 631057 |
| CFCRE Commercial Mortgage Trust<sup>(e),(f)</sup>  | CFCRE Commercial Mortgage Trust<sup>(e),(f)</sup>  | CFCRE Commercial Mortgage Trust<sup>(e),(f)</sup>  | CFCRE Commercial Mortgage Trust<sup>(e),(f)</sup>  |
| Series 2016-C4 Class XA | Series 2016-C4 Class XA | Series 2016-C4 Class XA | Series 2016-C4 Class XA |
| 05/10/2058 | &nbsp;&nbsp; 1.143% | 11869006 | &nbsp;&nbsp; 1487 |
| Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| Series 2015-GC31 Class A4 | Series 2015-GC31 Class A4 | Series 2015-GC31 Class A4 | Series 2015-GC31 Class A4 |
| 06/10/2048 | &nbsp;&nbsp; 3.762% | 329838 | &nbsp;&nbsp; 323591 |
| Series 2019-C7 Class A4 | Series 2019-C7 Class A4 | Series 2019-C7 Class A4 | Series 2019-C7 Class A4 |
| 12/15/2072 | &nbsp;&nbsp; 3.102% | 3985000 | &nbsp;&nbsp; 3835062 |
| Series 2019-GC43 Class A3 | Series 2019-GC43 Class A3 | Series 2019-GC43 Class A3 | Series 2019-GC43 Class A3 |
| 11/10/2052 | &nbsp;&nbsp; 2.782% | 9740991 | &nbsp;&nbsp; 9313823 |
| Citigroup Commercial Mortgage Trust<sup>(b),(e)</sup>  | Citigroup Commercial Mortgage Trust<sup>(b),(e)</sup>  | Citigroup Commercial Mortgage Trust<sup>(b),(e)</sup>  | Citigroup Commercial Mortgage Trust<sup>(b),(e)</sup>  |
| Subordinated Series 2023-SMRT Class C | Subordinated Series 2023-SMRT Class C | Subordinated Series 2023-SMRT Class C | Subordinated Series 2023-SMRT Class C |
| 06/10/2028 | &nbsp;&nbsp; 6.048% | 1000000 | &nbsp;&nbsp; 1015149 |
| COMM Mortgage Trust<sup>(b)</sup>  | COMM Mortgage Trust<sup>(b)</sup>  | COMM Mortgage Trust<sup>(b)</sup>  | COMM Mortgage Trust<sup>(b)</sup>  |
| Series 2024-277P Class A | Series 2024-277P Class A | Series 2024-277P Class A | Series 2024-277P Class A |
| 08/10/2044 | &nbsp;&nbsp; 6.338% | 12870000 | &nbsp;&nbsp; 13552369 |
| COMM Mortgage Trust<sup>(b),(e),(f)</sup>  | COMM Mortgage Trust<sup>(b),(e),(f)</sup>  | COMM Mortgage Trust<sup>(b),(e),(f)</sup>  | COMM Mortgage Trust<sup>(b),(e),(f)</sup>  |
| Series 2024-277P Class X | Series 2024-277P Class X | Series 2024-277P Class X | Series 2024-277P Class X |
| 08/10/2044 | &nbsp;&nbsp; 0.661% | 7580000 | &nbsp;&nbsp; 172043 |
| COMM Mortgage Trust<sup>(b),(e)</sup>  | COMM Mortgage Trust<sup>(b),(e)</sup>  | COMM Mortgage Trust<sup>(b),(e)</sup>  | COMM Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2024-CBM Class A2 | Series 2024-CBM Class A2 | Series 2024-CBM Class A2 | Series 2024-CBM Class A2 |
| 12/10/2041 | &nbsp;&nbsp; 5.867% | 2115000 | &nbsp;&nbsp; 2157061 |
| Series 2024-CBM Class B | Series 2024-CBM Class B | Series 2024-CBM Class B | Series 2024-CBM Class B |
| 12/10/2041 | &nbsp;&nbsp; 6.511% | 1250000 | &nbsp;&nbsp; 1285124 |
| COMM Mortgage Trust | COMM Mortgage Trust | COMM Mortgage Trust | COMM Mortgage Trust |
| Subordinated Series 2016-COR1 Class B | Subordinated Series 2016-COR1 Class B | Subordinated Series 2016-COR1 Class B | Subordinated Series 2016-COR1 Class B |
| 10/10/2049 | &nbsp;&nbsp; 3.897% | 3000000 | &nbsp;&nbsp; 2780730 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| COMM Mortgage Trust<sup>(e)</sup>  | COMM Mortgage Trust<sup>(e)</sup>  | COMM Mortgage Trust<sup>(e)</sup>  | COMM Mortgage Trust<sup>(e)</sup>  |
| Subordinated Series 2017-COR2 Class B | Subordinated Series 2017-COR2 Class B | Subordinated Series 2017-COR2 Class B | Subordinated Series 2017-COR2 Class B |
| 09/10/2050 | &nbsp;&nbsp; 4.206% | 2500000 | &nbsp;&nbsp; 2433272 |
| Commercial Mortgage Pass-Through Certificates<sup>(b)</sup>  | Commercial Mortgage Pass-Through Certificates<sup>(b)</sup>  | Commercial Mortgage Pass-Through Certificates<sup>(b)</sup>  | Commercial Mortgage Pass-Through Certificates<sup>(b)</sup>  |
| Series 2012-LTRT Class A2 | Series 2012-LTRT Class A2 | Series 2012-LTRT Class A2 | Series 2012-LTRT Class A2 |
| 10/05/2030 | &nbsp;&nbsp; 3.400% | 2107870 | &nbsp;&nbsp; 2093536 |
| Commercial Mortgage Trust | Commercial Mortgage Trust | Commercial Mortgage Trust | Commercial Mortgage Trust |
| Series 2016-COR1 Class A3 | Series 2016-COR1 Class A3 | Series 2016-COR1 Class A3 | Series 2016-COR1 Class A3 |
| 10/10/2049 | &nbsp;&nbsp; 2.826% | 7585940 | &nbsp;&nbsp; 7549086 |
| CONE Trust<sup>(b),(c)</sup>  | CONE Trust<sup>(b),(c)</sup>  | CONE Trust<sup>(b),(c)</sup>  | CONE Trust<sup>(b),(c)</sup>  |
| Series 2024-DFW1 Class A | Series 2024-DFW1 Class A | Series 2024-DFW1 Class A | Series 2024-DFW1 Class A |
| 1-month Term SOFR + 1.642% <br>Floor 1.642% <br>08/15/2041<br>| &nbsp;&nbsp; 5.322% | 1500000 | &nbsp;&nbsp; 1499597 |
| Credit Suisse Mortgage Capital Certificates OA LLC<sup>(b)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(b)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(b)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(b)</sup>  |
| Series 2014-USA Class A2 | Series 2014-USA Class A2 | Series 2014-USA Class A2 | Series 2014-USA Class A2 |
| 09/15/2037 | &nbsp;&nbsp; 3.953% | 14800000 | &nbsp;&nbsp; 13928634 |
| CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust |
| Series 2019-C16 Class A3 | Series 2019-C16 Class A3 | Series 2019-C16 Class A3 | Series 2019-C16 Class A3 |
| 06/15/2052 | &nbsp;&nbsp; 3.329% | 3000000 | &nbsp;&nbsp; 2928903 |
| Series 2019-C18 Class A4 | Series 2019-C18 Class A4 | Series 2019-C18 Class A4 | Series 2019-C18 Class A4 |
| 12/15/2052 | &nbsp;&nbsp; 2.968% | 3345000 | &nbsp;&nbsp; 3206588 |
| CSAIL Commercial Mortgage Trust<sup>(e)</sup>  | CSAIL Commercial Mortgage Trust<sup>(e)</sup>  | CSAIL Commercial Mortgage Trust<sup>(e)</sup>  | CSAIL Commercial Mortgage Trust<sup>(e)</sup>  |
| Subordinated Series 2018-C14 Class B | Subordinated Series 2018-C14 Class B | Subordinated Series 2018-C14 Class B | Subordinated Series 2018-C14 Class B |
| 11/15/2051 | &nbsp;&nbsp; 4.877% | 1000000 | &nbsp;&nbsp; 957976 |
| Subordinated Series 2020-C19 Class B | Subordinated Series 2020-C19 Class B | Subordinated Series 2020-C19 Class B | Subordinated Series 2020-C19 Class B |
| 03/15/2053 | &nbsp;&nbsp; 3.476% | 2740000 | &nbsp;&nbsp; 2282074 |
| Subordinated Series 2020-C19 Class C | Subordinated Series 2020-C19 Class C | Subordinated Series 2020-C19 Class C | Subordinated Series 2020-C19 Class C |
| 03/15/2053 | &nbsp;&nbsp; 3.612% | 2345000 | &nbsp;&nbsp; 1499786 |
| DBJPM Mortgage Trust<sup>(e),(f)</sup>  | DBJPM Mortgage Trust<sup>(e),(f)</sup>  | DBJPM Mortgage Trust<sup>(e),(f)</sup>  | DBJPM Mortgage Trust<sup>(e),(f)</sup>  |
| Series 2020-C9 Class XA | Series 2020-C9 Class XA | Series 2020-C9 Class XA | Series 2020-C9 Class XA |
| 09/15/2053 | &nbsp;&nbsp; 1.578% | 36525177 | &nbsp;&nbsp; 1533137 |
| DBWF Mortgage Trust<sup>(b),(e)</sup>  | DBWF Mortgage Trust<sup>(b),(e)</sup>  | DBWF Mortgage Trust<sup>(b),(e)</sup>  | DBWF Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2016-85T Class D | Series 2016-85T Class D | Series 2016-85T Class D | Series 2016-85T Class D |
| 12/10/2036 | &nbsp;&nbsp; 3.808% | 1250000 | &nbsp;&nbsp; 1202448 |
| DC Commercial Mortgage Trust<sup>(b)</sup>  | DC Commercial Mortgage Trust<sup>(b)</sup>  | DC Commercial Mortgage Trust<sup>(b)</sup>  | DC Commercial Mortgage Trust<sup>(b)</sup>  |
| Series 2023-DC Class A | Series 2023-DC Class A | Series 2023-DC Class A | Series 2023-DC Class A |
| 09/12/2040 | &nbsp;&nbsp; 6.314% | 6175000 | &nbsp;&nbsp; 6354825 |
| DK Trust<sup>(b),(c)</sup>  | DK Trust<sup>(b),(c)</sup>  | DK Trust<sup>(b),(c)</sup>  | DK Trust<sup>(b),(c)</sup>  |
| Subordinated Series 2024-SPBX Class D | Subordinated Series 2024-SPBX Class D | Subordinated Series 2024-SPBX Class D | Subordinated Series 2024-SPBX Class D |
| 1-month Term SOFR + 2.750% <br>Floor 1.500% <br>03/15/2034<br>| &nbsp;&nbsp; 6.431% | 1500000 | &nbsp;&nbsp; 1501406 |
| DTP Commercial Mortgage Trust<sup>(b),(e)</sup>  | DTP Commercial Mortgage Trust<sup>(b),(e)</sup>  | DTP Commercial Mortgage Trust<sup>(b),(e)</sup>  | DTP Commercial Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2023-STE2 Class A | Series 2023-STE2 Class A | Series 2023-STE2 Class A | Series 2023-STE2 Class A |
| 01/15/2041 | &nbsp;&nbsp; 5.454% | 2000000 | &nbsp;&nbsp; 2062515 |
| ELM Trust<sup>(b),(e)</sup>  | ELM Trust<sup>(b),(e)</sup>  | ELM Trust<sup>(b),(e)</sup>  | ELM Trust<sup>(b),(e)</sup>  |
| Subordinated Series 2024-ELM Class C15 | Subordinated Series 2024-ELM Class C15 | Subordinated Series 2024-ELM Class C15 | Subordinated Series 2024-ELM Class C15 |
| 06/10/2039 | &nbsp;&nbsp; 5.777% | 5000000 | &nbsp;&nbsp; 5035882 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Extended Stay America Trust<sup>(b),(c)</sup>  | Extended Stay America Trust<sup>(b),(c)</sup>  | Extended Stay America Trust<sup>(b),(c)</sup>  | Extended Stay America Trust<sup>(b),(c)</sup>  |
| Series 2025-ESH Class A | Series 2025-ESH Class A | Series 2025-ESH Class A | Series 2025-ESH Class A |
| 1-month Term SOFR + 1.300% <br>Floor 1.300% <br>10/15/2042<br>| &nbsp;&nbsp; 4.960% | 1005000 | &nbsp;&nbsp; 1006258 |
| Series 2025-ESH Class D | Series 2025-ESH Class D | Series 2025-ESH Class D | Series 2025-ESH Class D |
| 1-month Term SOFR + 2.600% <br>10/15/2042<br>| &nbsp;&nbsp; 6.260% | 1500000 | &nbsp;&nbsp; 1513393 |
| Series 2025-ESH Class E | Series 2025-ESH Class E | Series 2025-ESH Class E | Series 2025-ESH Class E |
| 1-month Term SOFR + 3.350% <br>Floor 3.350% <br>10/15/2042<br>| &nbsp;&nbsp; 7.010% | 3250000 | &nbsp;&nbsp; 3274387 |
| Series 2026-ESH2 Class A | Series 2026-ESH2 Class A | Series 2026-ESH2 Class A | Series 2026-ESH2 Class A |
| 1-month Term SOFR + 1.200% <br>Floor 1.200% <br>02/15/2043<br>| &nbsp;&nbsp; 4.860% | 3435000 | &nbsp;&nbsp; 3431892 |
| Subordinated Series 2026-ESH2 Class D | Subordinated Series 2026-ESH2 Class D | Subordinated Series 2026-ESH2 Class D | Subordinated Series 2026-ESH2 Class D |
| 1-month Term SOFR + 2.250% <br>Floor 2.250% <br>02/15/2043<br>| &nbsp;&nbsp; 5.910% | 2000000 | &nbsp;&nbsp; 2010839 |
| Fashion Show Mall LLC<sup>(b),(e)</sup>  | Fashion Show Mall LLC<sup>(b),(e)</sup>  | Fashion Show Mall LLC<sup>(b),(e)</sup>  | Fashion Show Mall LLC<sup>(b),(e)</sup>  |
| Series 2024-SHOW Class A | Series 2024-SHOW Class A | Series 2024-SHOW Class A | Series 2024-SHOW Class A |
| 10/10/2029 | &nbsp;&nbsp; 4.764% | 2500000 | &nbsp;&nbsp; 2556760 |
| FirstKey Homes Trust<sup>(b)</sup>  | FirstKey Homes Trust<sup>(b)</sup>  | FirstKey Homes Trust<sup>(b)</sup>  | FirstKey Homes Trust<sup>(b)</sup>  |
| Subordinated Series 2021-SFR1 Class F2 | Subordinated Series 2021-SFR1 Class F2 | Subordinated Series 2021-SFR1 Class F2 | Subordinated Series 2021-SFR1 Class F2 |
| 08/17/2038 | &nbsp;&nbsp; 3.452% | 8580000 | &nbsp;&nbsp; 8494052 |
| Fontainebleau Miami Beach Mortgage Trust<sup>(b),(c)</sup>  | Fontainebleau Miami Beach Mortgage Trust<sup>(b),(c)</sup>  | Fontainebleau Miami Beach Mortgage Trust<sup>(b),(c)</sup>  | Fontainebleau Miami Beach Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2024-FBLU Class C | Series 2024-FBLU Class C | Series 2024-FBLU Class C | Series 2024-FBLU Class C |
| 1-month Term SOFR + 2.150% <br>Floor 2.150% <br>12/15/2039<br>| &nbsp;&nbsp; 5.810% | 1000000 | &nbsp;&nbsp; 1001877 |
| Series 2024-FBLU Class D | Series 2024-FBLU Class D | Series 2024-FBLU Class D | Series 2024-FBLU Class D |
| 1-month Term SOFR + 2.600% <br>Floor 2.600% <br>12/15/2039<br>| &nbsp;&nbsp; 6.260% | 2500000 | &nbsp;&nbsp; 2507815 |
| FS Rialto<sup>(b),(c)</sup>  | FS Rialto<sup>(b),(c)</sup>  | FS Rialto<sup>(b),(c)</sup>  | FS Rialto<sup>(b),(c)</sup>  |
| Series 2021-FL3 Class A | Series 2021-FL3 Class A | Series 2021-FL3 Class A | Series 2021-FL3 Class A |
| 1-month Term SOFR + 1.364% <br>Floor 1.250% <br>11/16/2036<br>| &nbsp;&nbsp; 5.024% | 973627 | &nbsp;&nbsp; 972019 |
| FS Rialto Issuer LLC<sup>(b),(c)</sup>  | FS Rialto Issuer LLC<sup>(b),(c)</sup>  | FS Rialto Issuer LLC<sup>(b),(c)</sup>  | FS Rialto Issuer LLC<sup>(b),(c)</sup>  |
| Series 2025-FL10 Class A | Series 2025-FL10 Class A | Series 2025-FL10 Class A | Series 2025-FL10 Class A |
| 1-month Term SOFR + 1.385% <br>02/01/2030<br>| &nbsp;&nbsp; 5.051% | 5000000 | &nbsp;&nbsp; 5010687 |
| Series 2026-FL11 Class A | Series 2026-FL11 Class A | Series 2026-FL11 Class A | Series 2026-FL11 Class A |
| 1-month Term SOFR + 1.450% <br>Floor 1.450% <br>01/19/2044<br>| &nbsp;&nbsp; 3.673% | 2500000 | &nbsp;&nbsp; 2508596 |
| GAM Resecuritization Trust<sup>(b),(e)</sup>  | GAM Resecuritization Trust<sup>(b),(e)</sup>  | GAM Resecuritization Trust<sup>(b),(e)</sup>  | GAM Resecuritization Trust<sup>(b),(e)</sup>  |
| Series 2022-FRR3 Class BK71 | Series 2022-FRR3 Class BK71 | Series 2022-FRR3 Class BK71 | Series 2022-FRR3 Class BK71 |
| 01/29/2052 | &nbsp;&nbsp; 1.950% | 3736000 | &nbsp;&nbsp; 3504721 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GAM Resecuritization Trust<sup>(b),(g)</sup>  | GAM Resecuritization Trust<sup>(b),(g)</sup>  | GAM Resecuritization Trust<sup>(b),(g)</sup>  | GAM Resecuritization Trust<sup>(b),(g)</sup>  |
| Subordinated Series 2022-FRR3 Class DK47 | Subordinated Series 2022-FRR3 Class DK47 | Subordinated Series 2022-FRR3 Class DK47 | Subordinated Series 2022-FRR3 Class DK47 |
| 05/27/2048 | &nbsp;&nbsp; 0.000% | 167524 | &nbsp;&nbsp; 164408 |
| Great Wolf Trust<sup>(b),(c)</sup>  | Great Wolf Trust<sup>(b),(c)</sup>  | Great Wolf Trust<sup>(b),(c)</sup>  | Great Wolf Trust<sup>(b),(c)</sup>  |
| Subordinated Series 2024-WLF2 Class B | Subordinated Series 2024-WLF2 Class B | Subordinated Series 2024-WLF2 Class B | Subordinated Series 2024-WLF2 Class B |
| 1-month Term SOFR + 2.141% <br>05/15/2041<br>| &nbsp;&nbsp; 5.800% | 4957000 | &nbsp;&nbsp; 4961655 |
| Greystone CRE Notes LLC<sup>(b),(c)</sup>  | Greystone CRE Notes LLC<sup>(b),(c)</sup>  | Greystone CRE Notes LLC<sup>(b),(c)</sup>  | Greystone CRE Notes LLC<sup>(b),(c)</sup>  |
| Series 2025-FL4 Class A | Series 2025-FL4 Class A | Series 2025-FL4 Class A | Series 2025-FL4 Class A |
| 1-month Term SOFR + 1.481% <br>Floor 1.481% <br>01/15/2043<br>| &nbsp;&nbsp; 5.210% | 2500000 | &nbsp;&nbsp; 2507033 |
| GS Mortgage Securities Corp II<sup>(b),(e)</sup>  | GS Mortgage Securities Corp II<sup>(b),(e)</sup>  | GS Mortgage Securities Corp II<sup>(b),(e)</sup>  | GS Mortgage Securities Corp II<sup>(b),(e)</sup>  |
| Series 2017-375H Class A | Series 2017-375H Class A | Series 2017-375H Class A | Series 2017-375H Class A |
| 09/10/2037 | &nbsp;&nbsp; 3.475% | 5000000 | &nbsp;&nbsp; 4895872 |
| GS Mortgage Securities Corp. II<sup>(b)</sup>  | GS Mortgage Securities Corp. II<sup>(b)</sup>  | GS Mortgage Securities Corp. II<sup>(b)</sup>  | GS Mortgage Securities Corp. II<sup>(b)</sup>  |
| Series 2012-BWTR Class A | Series 2012-BWTR Class A | Series 2012-BWTR Class A | Series 2012-BWTR Class A |
| 11/05/2034 | &nbsp;&nbsp; 2.954% | 3639371 | &nbsp;&nbsp; 3271646 |
| GS Mortgage Securities Corp. Trust<sup>(b),(e)</sup>  | GS Mortgage Securities Corp. Trust<sup>(b),(e)</sup>  | GS Mortgage Securities Corp. Trust<sup>(b),(e)</sup>  | GS Mortgage Securities Corp. Trust<sup>(b),(e)</sup>  |
| Series 2024-RVR Class A | Series 2024-RVR Class A | Series 2024-RVR Class A | Series 2024-RVR Class A |
| 08/10/2029 | &nbsp;&nbsp; 4.852% | 10100000 | &nbsp;&nbsp; 10287564 |
| Series 2024-RVR Class B | Series 2024-RVR Class B | Series 2024-RVR Class B | Series 2024-RVR Class B |
| 08/10/2029 | &nbsp;&nbsp; 5.169% | 2569000 | &nbsp;&nbsp; 2626094 |
| GS Mortgage Securities Trust<sup>(b),(e)</sup>  | GS Mortgage Securities Trust<sup>(b),(e)</sup>  | GS Mortgage Securities Trust<sup>(b),(e)</sup>  | GS Mortgage Securities Trust<sup>(b),(e)</sup>  |
| Series 2013-PEMB Class A | Series 2013-PEMB Class A | Series 2013-PEMB Class A | Series 2013-PEMB Class A |
| 03/05/2033 | &nbsp;&nbsp; 3.550% | 2010000 | &nbsp;&nbsp; 1570313 |
| GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust | GS Mortgage Securities Trust |
| Series 2017-GS7 Class A3 | Series 2017-GS7 Class A3 | Series 2017-GS7 Class A3 | Series 2017-GS7 Class A3 |
| 08/10/2050 | &nbsp;&nbsp; 3.167% | 10000000 | &nbsp;&nbsp; 9886189 |
| Series 2017-GS8 Class A3 | Series 2017-GS8 Class A3 | Series 2017-GS8 Class A3 | Series 2017-GS8 Class A3 |
| 11/10/2050 | &nbsp;&nbsp; 3.205% | 20000000 | &nbsp;&nbsp; 19784978 |
| Series 2020-GC45 Class A5 | Series 2020-GC45 Class A5 | Series 2020-GC45 Class A5 | Series 2020-GC45 Class A5 |
| 02/13/2053 | &nbsp;&nbsp; 2.911% | 1810000 | &nbsp;&nbsp; 1729694 |
| Subordinated Series 2019-GC39 Class B | Subordinated Series 2019-GC39 Class B | Subordinated Series 2019-GC39 Class B | Subordinated Series 2019-GC39 Class B |
| 05/10/2052 | &nbsp;&nbsp; 3.970% | 1000000 | &nbsp;&nbsp; 917130 |
| HTL Commercial Mortgage Trust<sup>(b),(e)</sup>  | HTL Commercial Mortgage Trust<sup>(b),(e)</sup>  | HTL Commercial Mortgage Trust<sup>(b),(e)</sup>  | HTL Commercial Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2024-T53 Class A | Series 2024-T53 Class A | Series 2024-T53 Class A | Series 2024-T53 Class A |
| 05/10/2039 | &nbsp;&nbsp; 5.876% | 5500000 | &nbsp;&nbsp; 5561922 |
| Hudson Yards Mortgage Trust<sup>(b)</sup>  | Hudson Yards Mortgage Trust<sup>(b)</sup>  | Hudson Yards Mortgage Trust<sup>(b)</sup>  | Hudson Yards Mortgage Trust<sup>(b)</sup>  |
| Series 2019-30HY Class A | Series 2019-30HY Class A | Series 2019-30HY Class A | Series 2019-30HY Class A |
| 07/10/2039 | &nbsp;&nbsp; 3.228% | 2160000 | &nbsp;&nbsp; 2082777 |
| Hudson Yards Mortgage Trust<sup>(b),(e)</sup>  | Hudson Yards Mortgage Trust<sup>(b),(e)</sup>  | Hudson Yards Mortgage Trust<sup>(b),(e)</sup>  | Hudson Yards Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2025-SPRL Class B | Series 2025-SPRL Class B | Series 2025-SPRL Class B | Series 2025-SPRL Class B |
| 01/13/2040 | &nbsp;&nbsp; 5.758% | 3617000 | &nbsp;&nbsp; 3772289 |
| Hudsons Bay Simon JV Trust<sup>(b)</sup>  | Hudsons Bay Simon JV Trust<sup>(b)</sup>  | Hudsons Bay Simon JV Trust<sup>(b)</sup>  | Hudsons Bay Simon JV Trust<sup>(b)</sup>  |
| Series 2015-HB10 Class A10 | Series 2015-HB10 Class A10 | Series 2015-HB10 Class A10 | Series 2015-HB10 Class A10 |
| 08/05/2034 | &nbsp;&nbsp; 4.155% | 1820000 | &nbsp;&nbsp; 1818050 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| ILPT Commercial Mortgage Trust<sup>(b),(e)</sup>  | ILPT Commercial Mortgage Trust<sup>(b),(e)</sup>  | ILPT Commercial Mortgage Trust<sup>(b),(e)</sup>  | ILPT Commercial Mortgage Trust<sup>(b),(e)</sup>  |
| Subordinated Series 2025-LPF2 Class C | Subordinated Series 2025-LPF2 Class C | Subordinated Series 2025-LPF2 Class C | Subordinated Series 2025-LPF2 Class C |
| 07/15/2042 | &nbsp;&nbsp; 5.829% | 2500000 | &nbsp;&nbsp; 2565261 |
| INTOWN Mortgage Trust<sup>(b),(c)</sup>  | INTOWN Mortgage Trust<sup>(b),(c)</sup>  | INTOWN Mortgage Trust<sup>(b),(c)</sup>  | INTOWN Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2025-STAY Class C | Series 2025-STAY Class C | Series 2025-STAY Class C | Series 2025-STAY Class C |
| 1-month Term SOFR + 2.250% <br>Floor 2.250% <br>03/15/2042<br>| &nbsp;&nbsp; 5.910% | 1380000 | &nbsp;&nbsp; 1383882 |
| Series 2025-STAY Class D | Series 2025-STAY Class D | Series 2025-STAY Class D | Series 2025-STAY Class D |
| 1-month Term SOFR + 2.850% <br>Floor 2.850%, Cap 2.850% <br>03/15/2042<br>| &nbsp;&nbsp; 6.510% | 6600000 | &nbsp;&nbsp; 6608255 |
| IP Mortgage Trust<sup>(b),(e)</sup>  | IP Mortgage Trust<sup>(b),(e)</sup>  | IP Mortgage Trust<sup>(b),(e)</sup>  | IP Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2025-IP Class A | Series 2025-IP Class A | Series 2025-IP Class A | Series 2025-IP Class A |
| 06/10/2042 | &nbsp;&nbsp; 5.250% | 3250000 | &nbsp;&nbsp; 3339309 |
| JPMCC_17-JP6 | JPMCC_17-JP6 | JPMCC_17-JP6 | JPMCC_17-JP6 |
| Series 20 17-JP6 Class A5 | Series 20 17-JP6 Class A5 | Series 20 17-JP6 Class A5 | Series 20 17-JP6 Class A5 |
| 07/15/2050 | &nbsp;&nbsp; 3.490% | 4872000 | &nbsp;&nbsp; 4792792 |
| JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust |
| Series 2016-C4 Class A2 | Series 2016-C4 Class A2 | Series 2016-C4 Class A2 | Series 2016-C4 Class A2 |
| 12/15/2049 | &nbsp;&nbsp; 2.882% | 5094949 | &nbsp;&nbsp; 5043355 |
| Series 2017-C7 Class A5 | Series 2017-C7 Class A5 | Series 2017-C7 Class A5 | Series 2017-C7 Class A5 |
| 10/15/2050 | &nbsp;&nbsp; 3.409% | 1500000 | &nbsp;&nbsp; 1479517 |
| Series 2019-COR6 Class A3 | Series 2019-COR6 Class A3 | Series 2019-COR6 Class A3 | Series 2019-COR6 Class A3 |
| 11/13/2052 | &nbsp;&nbsp; 2.795% | 7500000 | &nbsp;&nbsp; 7061597 |
| JPMorgan Chase Commercial Mortgage Securities Trust<sup>(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(b)</sup>  |
| Series 2018-WPT Class AFX | Series 2018-WPT Class AFX | Series 2018-WPT Class AFX | Series 2018-WPT Class AFX |
| 07/05/2033 | &nbsp;&nbsp; 4.248% | 13000000 | &nbsp;&nbsp; 12398750 |
| Series 2019-OSB Class A | Series 2019-OSB Class A | Series 2019-OSB Class A | Series 2019-OSB Class A |
| 06/05/2039 | &nbsp;&nbsp; 3.397% | 2110000 | &nbsp;&nbsp; 2004860 |
| JPMorgan Chase Commercial Mortgage Securities Trust<sup>(b),(c)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(b),(c)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(b),(c)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(b),(c)</sup>  |
| Series 2025-BMS Class A | Series 2025-BMS Class A | Series 2025-BMS Class A | Series 2025-BMS Class A |
| 1-month Term SOFR + 1.600% <br>01/15/2042<br>| &nbsp;&nbsp; 5.280% | 3915000 | &nbsp;&nbsp; 3906438 |
| Series 2025-BMS Class B | Series 2025-BMS Class B | Series 2025-BMS Class B | Series 2025-BMS Class B |
| 1-month Term SOFR + 2.000% <br>Floor 2.000% <br>01/15/2042<br>| &nbsp;&nbsp; 5.680% | 7000000 | &nbsp;&nbsp; 6984680 |
| KIND Commercial Mortgage Trust<sup>(b),(c)</sup>  | KIND Commercial Mortgage Trust<sup>(b),(c)</sup>  | KIND Commercial Mortgage Trust<sup>(b),(c)</sup>  | KIND Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A | Series 2024-1 Class A |
| 1-month Term SOFR + 1.890% <br>Floor 1.890% <br>08/15/2041<br>| &nbsp;&nbsp; 5.570% | 2500000 | &nbsp;&nbsp; 2503123 |
| KSL Commercial Mortgage Trust<sup>(b),(c)</sup>  | KSL Commercial Mortgage Trust<sup>(b),(c)</sup>  | KSL Commercial Mortgage Trust<sup>(b),(c)</sup>  | KSL Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2024-HT2 Class B | Series 2024-HT2 Class B | Series 2024-HT2 Class B | Series 2024-HT2 Class B |
| 1-month Term SOFR + 2.042% <br>Floor 2.042% <br>12/15/2039<br>| &nbsp;&nbsp; 5.701% | 4854537 | &nbsp;&nbsp; 4848461 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Ladder Capital Commercial Mortgage<sup>(b)</sup>  | Ladder Capital Commercial Mortgage<sup>(b)</sup>  | Ladder Capital Commercial Mortgage<sup>(b)</sup>  | Ladder Capital Commercial Mortgage<sup>(b)</sup>  |
| Series 2017-LC26 Class A4 | Series 2017-LC26 Class A4 | Series 2017-LC26 Class A4 | Series 2017-LC26 Class A4 |
| 07/12/2050 | &nbsp;&nbsp; 3.551% | 4500000 | &nbsp;&nbsp; 4448820 |
| LoanCore Issuer LLC<sup>(b),(c)</sup>  | LoanCore Issuer LLC<sup>(b),(c)</sup>  | LoanCore Issuer LLC<sup>(b),(c)</sup>  | LoanCore Issuer LLC<sup>(b),(c)</sup>  |
| Series 2025-CRE8 Class A | Series 2025-CRE8 Class A | Series 2025-CRE8 Class A | Series 2025-CRE8 Class A |
| 1-month Term SOFR + 1.385% <br>Floor 1.385% <br>08/17/2042<br>| &nbsp;&nbsp; 5.045% | 2000000 | &nbsp;&nbsp; 2003744 |
| LSTAR Commercial Mortgage Trust<sup>(b)</sup>  | LSTAR Commercial Mortgage Trust<sup>(b)</sup>  | LSTAR Commercial Mortgage Trust<sup>(b)</sup>  | LSTAR Commercial Mortgage Trust<sup>(b)</sup>  |
| Series 2017-5 Class A4 | Series 2017-5 Class A4 | Series 2017-5 Class A4 | Series 2017-5 Class A4 |
| 03/10/2050 | &nbsp;&nbsp; 3.390% | 800000 | &nbsp;&nbsp; 791787 |
| LSTR Trust<sup>(b),(c)</sup>  | LSTR Trust<sup>(b),(c)</sup>  | LSTR Trust<sup>(b),(c)</sup>  | LSTR Trust<sup>(b),(c)</sup>  |
| Series 2026-HTL6 Class A | Series 2026-HTL6 Class A | Series 2026-HTL6 Class A | Series 2026-HTL6 Class A |
| 1-month Term SOFR + 1.500% <br>Floor 1.500% <br>12/15/2040<br>| &nbsp;&nbsp; 5.170% | 2500000 | &nbsp;&nbsp; 2492183 |
| MAD Commercial Mortgage Trust<sup>(b),(e)</sup>  | MAD Commercial Mortgage Trust<sup>(b),(e)</sup>  | MAD Commercial Mortgage Trust<sup>(b),(e)</sup>  | MAD Commercial Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2025-11MD Class C | Series 2025-11MD Class C | Series 2025-11MD Class C | Series 2025-11MD Class C |
| 10/15/2042 | &nbsp;&nbsp; 5.255% | 3620000 | &nbsp;&nbsp; 3690759 |
| MED Commercial Mortgage Trust<sup>(b),(c)</sup>  | MED Commercial Mortgage Trust<sup>(b),(c)</sup>  | MED Commercial Mortgage Trust<sup>(b),(c)</sup>  | MED Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2024-MOB Class A | Series 2024-MOB Class A | Series 2024-MOB Class A | Series 2024-MOB Class A |
| 1-month Term SOFR + 1.592% <br>Floor 1.592% <br>05/15/2041<br>| &nbsp;&nbsp; 5.251% | 5200000 | &nbsp;&nbsp; 5176796 |
| MF1 LLC<sup>(b),(c)</sup>  | MF1 LLC<sup>(b),(c)</sup>  | MF1 LLC<sup>(b),(c)</sup>  | MF1 LLC<sup>(b),(c)</sup>  |
| Series 2022-FL9 Class A | Series 2022-FL9 Class A | Series 2022-FL9 Class A | Series 2022-FL9 Class A |
| 1-month Term SOFR + 2.150% <br>Floor 2.150% <br>06/19/2037<br>| &nbsp;&nbsp; 5.817% | 1513011 | &nbsp;&nbsp; 1514457 |
| Series 2025-FL17 Class A | Series 2025-FL17 Class A | Series 2025-FL17 Class A | Series 2025-FL17 Class A |
| 1-month Term SOFR + 1.320% <br>Floor 1.320% <br>02/18/2040<br>| &nbsp;&nbsp; 4.984% | 2850000 | &nbsp;&nbsp; 2851759 |
| Series 2025-FL19 Class A | Series 2025-FL19 Class A | Series 2025-FL19 Class A | Series 2025-FL19 Class A |
| 1-month Term SOFR + 1.488% <br>Floor 1.488% <br>05/18/2042<br>| &nbsp;&nbsp; 5.168% | 3000000 | &nbsp;&nbsp; 3013189 |
| Series 2025-FL20 Class A | Series 2025-FL20 Class A | Series 2025-FL20 Class A | Series 2025-FL20 Class A |
| 1-month Term SOFR + 1.450% <br>Floor 1.450% <br>08/18/2037<br>| &nbsp;&nbsp; 5.002% | 4250000 | &nbsp;&nbsp; 4264614 |
| MHP Commercial Mortgage Trust<sup>(b),(c)</sup>  | MHP Commercial Mortgage Trust<sup>(b),(c)</sup>  | MHP Commercial Mortgage Trust<sup>(b),(c)</sup>  | MHP Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2025-MHIL2 Class C | Series 2025-MHIL2 Class C | Series 2025-MHIL2 Class C | Series 2025-MHIL2 Class C |
| 1-month Term SOFR + 2.050% <br>Floor 2.050% <br>09/15/2030<br>| &nbsp;&nbsp; 5.760% | 1000000 | &nbsp;&nbsp; 1001542 |
| Series 2025-MHIL2 Class D | Series 2025-MHIL2 Class D | Series 2025-MHIL2 Class D | Series 2025-MHIL2 Class D |
| 1-month Term SOFR + 2.650% <br>Floor 2.650% <br>09/15/2030<br>| &nbsp;&nbsp; 6.410% | 1500000 | &nbsp;&nbsp; 1503873 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MHP MHIL<sup>(b),(c)</sup>  | MHP MHIL<sup>(b),(c)</sup>  | MHP MHIL<sup>(b),(c)</sup>  | MHP MHIL<sup>(b),(c)</sup>  |
| Subordinated Series 2022 Class E | Subordinated Series 2022 Class E | Subordinated Series 2022 Class E | Subordinated Series 2022 Class E |
| 1-month Term SOFR + 2.611% <br>Floor 2.611% <br>01/15/2027<br>| &nbsp;&nbsp; 6.270% | 2400000 | &nbsp;&nbsp; 2398500 |
| MKT Mortgage Trust<sup>(b)</sup>  | MKT Mortgage Trust<sup>(b)</sup>  | MKT Mortgage Trust<sup>(b)</sup>  | MKT Mortgage Trust<sup>(b)</sup>  |
| Series 2020-525M Class A | Series 2020-525M Class A | Series 2020-525M Class A | Series 2020-525M Class A |
| 02/12/2040 | &nbsp;&nbsp; 2.694% | 1575000 | &nbsp;&nbsp; 1441375 |
| Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |
| Series 2016-C30 Class A5 | Series 2016-C30 Class A5 | Series 2016-C30 Class A5 | Series 2016-C30 Class A5 |
| 09/15/2049 | &nbsp;&nbsp; 2.860% | 3010000 | &nbsp;&nbsp; 2976271 |
| Series 2017-C34 Class A4 | Series 2017-C34 Class A4 | Series 2017-C34 Class A4 | Series 2017-C34 Class A4 |
| 11/15/2052 | &nbsp;&nbsp; 3.536% | 2285000 | &nbsp;&nbsp; 2264855 |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust |
| Series 2016-UB11 Class A3 | Series 2016-UB11 Class A3 | Series 2016-UB11 Class A3 | Series 2016-UB11 Class A3 |
| 08/15/2049 | &nbsp;&nbsp; 2.531% | 3796729 | &nbsp;&nbsp; 3770193 |
| Morgan Stanley Capital I Trust<sup>(e),(f)</sup>  | Morgan Stanley Capital I Trust<sup>(e),(f)</sup>  | Morgan Stanley Capital I Trust<sup>(e),(f)</sup>  | Morgan Stanley Capital I Trust<sup>(e),(f)</sup>  |
| Series 2021-L5 Class XA | Series 2021-L5 Class XA | Series 2021-L5 Class XA | Series 2021-L5 Class XA |
| 05/15/2054 | &nbsp;&nbsp; 1.260% | 31212964 | &nbsp;&nbsp; 1334663 |
| MTN Commercial Mortgage Trust<sup>(b),(c)</sup>  | MTN Commercial Mortgage Trust<sup>(b),(c)</sup>  | MTN Commercial Mortgage Trust<sup>(b),(c)</sup>  | MTN Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2022-LPFL Class A | Series 2022-LPFL Class A | Series 2022-LPFL Class A | Series 2022-LPFL Class A |
| 1-month Term SOFR + 1.397% <br>Floor 1.397% <br>03/15/2039<br>| &nbsp;&nbsp; 5.057% | 2000000 | &nbsp;&nbsp; 2000000 |
| NJ Trust<sup>(b),(e)</sup>  | NJ Trust<sup>(b),(e)</sup>  | NJ Trust<sup>(b),(e)</sup>  | NJ Trust<sup>(b),(e)</sup>  |
| Series 2023-GSP Class A | Series 2023-GSP Class A | Series 2023-GSP Class A | Series 2023-GSP Class A |
| 01/06/2029 | &nbsp;&nbsp; 6.481% | 6800000 | &nbsp;&nbsp; 7167536 |
| NRTH Commercial Mortgage Trust<sup>(b),(c)</sup>  | NRTH Commercial Mortgage Trust<sup>(b),(c)</sup>  | NRTH Commercial Mortgage Trust<sup>(b),(c)</sup>  | NRTH Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Subordinated Series 2025-PARK Class B | Subordinated Series 2025-PARK Class B | Subordinated Series 2025-PARK Class B | Subordinated Series 2025-PARK Class B |
| 1-month Term SOFR + 1.643% <br>Floor 1.643% <br>10/15/2040<br>| &nbsp;&nbsp; 5.323% | 6250000 | &nbsp;&nbsp; 6266205 |
| NYC Commercial Mortgage Trust<sup>(b),(c)</sup>  | NYC Commercial Mortgage Trust<sup>(b),(c)</sup>  | NYC Commercial Mortgage Trust<sup>(b),(c)</sup>  | NYC Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2025-3BP Class A | Series 2025-3BP Class A | Series 2025-3BP Class A | Series 2025-3BP Class A |
| 1-month Term SOFR + 1.213% <br>02/15/2042<br>| &nbsp;&nbsp; 4.893% | 3500000 | &nbsp;&nbsp; 3493438 |
| Series 2025-3BP Class C | Series 2025-3BP Class C | Series 2025-3BP Class C | Series 2025-3BP Class C |
| 1-month Term SOFR + 1.892% <br>Floor 1.892% <br>02/15/2042<br>| &nbsp;&nbsp; 5.572% | 1500000 | &nbsp;&nbsp; 1501875 |
| ONNI Commercial Mortgage Trust<sup>(b),(e)</sup>  | ONNI Commercial Mortgage Trust<sup>(b),(e)</sup>  | ONNI Commercial Mortgage Trust<sup>(b),(e)</sup>  | ONNI Commercial Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2024-APT Class A | Series 2024-APT Class A | Series 2024-APT Class A | Series 2024-APT Class A |
| 07/15/2039 | &nbsp;&nbsp; 5.196% | 2500000 | &nbsp;&nbsp; 2555758 |
| ORL Trust<sup>(b),(c)</sup>  | ORL Trust<sup>(b),(c)</sup>  | ORL Trust<sup>(b),(c)</sup>  | ORL Trust<sup>(b),(c)</sup>  |
| Series 2024-GLKS Class C | Series 2024-GLKS Class C | Series 2024-GLKS Class C | Series 2024-GLKS Class C |
| 1-month Term SOFR + 2.291% <br>Floor 2.291% <br>12/15/2039<br>| &nbsp;&nbsp; 5.951% | 5000000 | &nbsp;&nbsp; 5003123 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| PFP Ltd.<sup>(b),(c)</sup>  | PFP Ltd.<sup>(b),(c)</sup>  | PFP Ltd.<sup>(b),(c)</sup>  | PFP Ltd.<sup>(b),(c)</sup>  |
| Series 2024-11 Class A | Series 2024-11 Class A | Series 2024-11 Class A | Series 2024-11 Class A |
| 1-month Term SOFR + 1.832% <br>Floor 1.832% <br>09/17/2039<br>| &nbsp;&nbsp; 5.501% | 1308753 | &nbsp;&nbsp; 1311596 |
| PFP Ltd.<sup>(b),(e)</sup>  | PFP Ltd.<sup>(b),(e)</sup>  | PFP Ltd.<sup>(b),(e)</sup>  | PFP Ltd.<sup>(b),(e)</sup>  |
| Series 2026-13 Class A | Series 2026-13 Class A | Series 2026-13 Class A | Series 2026-13 Class A |
| 08/18/2043 | &nbsp;&nbsp; 5.250% | 3000000 | &nbsp;&nbsp; 3012196 |
| PRM Trust<sup>(b),(e)</sup>  | PRM Trust<sup>(b),(e)</sup>  | PRM Trust<sup>(b),(e)</sup>  | PRM Trust<sup>(b),(e)</sup>  |
| Series 2025-PRM6 Class A | Series 2025-PRM6 Class A | Series 2025-PRM6 Class A | Series 2025-PRM6 Class A |
| 07/05/2033 | &nbsp;&nbsp; 4.480% | 1000000 | &nbsp;&nbsp; 999731 |
| Series 2025-PRM6 Class C | Series 2025-PRM6 Class C | Series 2025-PRM6 Class C | Series 2025-PRM6 Class C |
| 07/05/2033 | &nbsp;&nbsp; 5.008% | 1000000 | &nbsp;&nbsp; 999728 |
| Series 2025-PRM6 Class D | Series 2025-PRM6 Class D | Series 2025-PRM6 Class D | Series 2025-PRM6 Class D |
| 07/05/2033 | &nbsp;&nbsp; 5.677% | 2000000 | &nbsp;&nbsp; 2003199 |
| PRM7 Trust<sup>(b),(e)</sup>  | PRM7 Trust<sup>(b),(e)</sup>  | PRM7 Trust<sup>(b),(e)</sup>  | PRM7 Trust<sup>(b),(e)</sup>  |
| Subordinated Series 2025-PRM7 Class D | Subordinated Series 2025-PRM7 Class D | Subordinated Series 2025-PRM7 Class D | Subordinated Series 2025-PRM7 Class D |
| 11/10/2042 | &nbsp;&nbsp; 5.661% | 3000000 | &nbsp;&nbsp; 3004419 |
| RFR Trust<sup>(b),(e)</sup>  | RFR Trust<sup>(b),(e)</sup>  | RFR Trust<sup>(b),(e)</sup>  | RFR Trust<sup>(b),(e)</sup>  |
| Series 2025-SGRM Class A | Series 2025-SGRM Class A | Series 2025-SGRM Class A | Series 2025-SGRM Class A |
| 03/11/2029 | &nbsp;&nbsp; 5.379% | 8180000 | &nbsp;&nbsp; 8372817 |
| SCG Trust<sup>(b),(c)</sup>  | SCG Trust<sup>(b),(c)</sup>  | SCG Trust<sup>(b),(c)</sup>  | SCG Trust<sup>(b),(c)</sup>  |
| Series 2025-SNIP Class A | Series 2025-SNIP Class A | Series 2025-SNIP Class A | Series 2025-SNIP Class A |
| 1-month Term SOFR + 1.500% <br>Floor 1.500% <br>09/15/2030<br>| &nbsp;&nbsp; 5.160% | 5000000 | &nbsp;&nbsp; 5012509 |
| SCOTT Trust<sup>(b)</sup>  | SCOTT Trust<sup>(b)</sup>  | SCOTT Trust<sup>(b)</sup>  | SCOTT Trust<sup>(b)</sup>  |
| Series 2023-SFS Class A | Series 2023-SFS Class A | Series 2023-SFS Class A | Series 2023-SFS Class A |
| 03/15/2040 | &nbsp;&nbsp; 5.910% | 3340000 | &nbsp;&nbsp; 3424128 |
| SDAL Trust<sup>(b),(c)</sup>  | SDAL Trust<sup>(b),(c)</sup>  | SDAL Trust<sup>(b),(c)</sup>  | SDAL Trust<sup>(b),(c)</sup>  |
| Series 2025-DAL Class A | Series 2025-DAL Class A | Series 2025-DAL Class A | Series 2025-DAL Class A |
| 1-month Term SOFR + 2.441% <br>Floor 2.441% <br>04/15/2030<br>| &nbsp;&nbsp; 6.122% | 1000000 | &nbsp;&nbsp; 1002016 |
| SDR Commercial Mortgage Trust<sup>(b),(c)</sup>  | SDR Commercial Mortgage Trust<sup>(b),(c)</sup>  | SDR Commercial Mortgage Trust<sup>(b),(c)</sup>  | SDR Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Subordinated Series 2024-DSNY Class B | Subordinated Series 2024-DSNY Class B | Subordinated Series 2024-DSNY Class B | Subordinated Series 2024-DSNY Class B |
| 1-month Term SOFR + 1.741% <br>Floor 1.741% <br>05/15/2039<br>| &nbsp;&nbsp; 5.421% | 2500000 | &nbsp;&nbsp; 2500022 |
| SG Commercial Mortgage Securities Trust | SG Commercial Mortgage Securities Trust | SG Commercial Mortgage Securities Trust | SG Commercial Mortgage Securities Trust |
| Series 2016-C5 Class A4 | Series 2016-C5 Class A4 | Series 2016-C5 Class A4 | Series 2016-C5 Class A4 |
| 10/10/2048 | &nbsp;&nbsp; 3.055% | 5120000 | &nbsp;&nbsp; 5089676 |
| SMRT Commercial Mortgage Trust<sup>(b),(c)</sup>  | SMRT Commercial Mortgage Trust<sup>(b),(c)</sup>  | SMRT Commercial Mortgage Trust<sup>(b),(c)</sup>  | SMRT Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D |
| 1-month Term SOFR + 1.950% <br>Floor 1.950% <br>01/15/2039<br>| &nbsp;&nbsp; 5.610% | 3850000 | &nbsp;&nbsp; 3846391 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| SREIT Trust<sup>(b),(c)</sup>  | SREIT Trust<sup>(b),(c)</sup>  | SREIT Trust<sup>(b),(c)</sup>  | SREIT Trust<sup>(b),(c)</sup>  |
| Series 2021-MFP2 Class A | Series 2021-MFP2 Class A | Series 2021-MFP2 Class A | Series 2021-MFP2 Class A |
| 1-month Term SOFR + 0.936% <br>Floor 0.822% <br>11/15/2036<br>| &nbsp;&nbsp; 4.596% | 11890000 | &nbsp;&nbsp; 11886284 |
| Subordinated Series 2021-MFP2 Class B | Subordinated Series 2021-MFP2 Class B | Subordinated Series 2021-MFP2 Class B | Subordinated Series 2021-MFP2 Class B |
| 1-month Term SOFR + 1.286% <br>Floor 1.171% <br>11/15/2036<br>| &nbsp;&nbsp; 4.945% | 4538000 | &nbsp;&nbsp; 4536582 |
| Subordinated Series 2021-PALM Class E | Subordinated Series 2021-PALM Class E | Subordinated Series 2021-PALM Class E | Subordinated Series 2021-PALM Class E |
| 1-month Term SOFR + 2.024% <br>Floor 1.910% <br>10/15/2034<br>| &nbsp;&nbsp; 5.684% | 6275000 | &nbsp;&nbsp; 6271078 |
| Starwood Retail Property Trust<sup>(b),(c)</sup>  | Starwood Retail Property Trust<sup>(b),(c)</sup>  | Starwood Retail Property Trust<sup>(b),(c)</sup>  | Starwood Retail Property Trust<sup>(b),(c)</sup>  |
| Series 2014-STAR Class A | Series 2014-STAR Class A | Series 2014-STAR Class A | Series 2014-STAR Class A |
| Prime Rate + -0.882% <br>Floor 1.470% <br>11/15/2027<br>| &nbsp;&nbsp; 5.868% | 2124670 | &nbsp;&nbsp; 1274781 |
| STWD LLC<sup>(b),(c)</sup>  | STWD LLC<sup>(b),(c)</sup>  | STWD LLC<sup>(b),(c)</sup>  | STWD LLC<sup>(b),(c)</sup>  |
| Series 2025-FL4 Class B | Series 2025-FL4 Class B | Series 2025-FL4 Class B | Series 2025-FL4 Class B |
| 1-month Term SOFR + 1.950% <br>Floor 1.950% <br>11/19/2042<br>| &nbsp;&nbsp; 5.616% | 1000000 | &nbsp;&nbsp; 1000920 |
| SWCH Commercial Mortgage Trust<sup>(b),(c)</sup>  | SWCH Commercial Mortgage Trust<sup>(b),(c)</sup>  | SWCH Commercial Mortgage Trust<sup>(b),(c)</sup>  | SWCH Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2025-DATA Class B | Series 2025-DATA Class B | Series 2025-DATA Class B | Series 2025-DATA Class B |
| 1-month Term SOFR + 1.842% <br>Floor 1.842% <br>03/15/2042<br>| &nbsp;&nbsp; 5.523% | 2500000 | &nbsp;&nbsp; 2468843 |
| Series 2025-DATA Class C | Series 2025-DATA Class C | Series 2025-DATA Class C | Series 2025-DATA Class C |
| 1-month Term SOFR + 2.092% <br>Floor 2.042% <br>03/15/2042<br>| &nbsp;&nbsp; 5.772% | 2500000 | &nbsp;&nbsp; 2479102 |
| TCO Commercial Mortgage Trust<sup>(b),(c)</sup>  | TCO Commercial Mortgage Trust<sup>(b),(c)</sup>  | TCO Commercial Mortgage Trust<sup>(b),(c)</sup>  | TCO Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2024-DPM Class A | Series 2024-DPM Class A | Series 2024-DPM Class A | Series 2024-DPM Class A |
| 1-month Term SOFR + 1.243% <br>Floor 1.243% <br>12/15/2039<br>| &nbsp;&nbsp; 4.903% | 2535000 | &nbsp;&nbsp; 2538169 |
| THPT Mortgage Trust<sup>(b),(e)</sup>  | THPT Mortgage Trust<sup>(b),(e)</sup>  | THPT Mortgage Trust<sup>(b),(e)</sup>  | THPT Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2023-THL Class A | Series 2023-THL Class A | Series 2023-THL Class A | Series 2023-THL Class A |
| 12/10/2034 | &nbsp;&nbsp; 6.996% | 4379682 | &nbsp;&nbsp; 4456238 |
| UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust |
| Series 2018-C10 Class A3 | Series 2018-C10 Class A3 | Series 2018-C10 Class A3 | Series 2018-C10 Class A3 |
| 05/15/2051 | &nbsp;&nbsp; 4.048% | 4698987 | &nbsp;&nbsp; 4698569 |
| VTR Commercial Mortgage Trust<sup>(b),(e)</sup>  | VTR Commercial Mortgage Trust<sup>(b),(e)</sup>  | VTR Commercial Mortgage Trust<sup>(b),(e)</sup>  | VTR Commercial Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2025-STEM Class A | Series 2025-STEM Class A | Series 2025-STEM Class A | Series 2025-STEM Class A |
| 10/13/2041 | &nbsp;&nbsp; 4.698% | 5000000 | &nbsp;&nbsp; 5015023 |
| Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust |
| Series 2017-C39 Class A4 | Series 2017-C39 Class A4 | Series 2017-C39 Class A4 | Series 2017-C39 Class A4 |
| 09/15/2050 | &nbsp;&nbsp; 3.157% | 9841870 | &nbsp;&nbsp; 9703691 |
| Series 2020-C55 Class A5 | Series 2020-C55 Class A5 | Series 2020-C55 Class A5 | Series 2020-C55 Class A5 |
| 02/15/2053 | &nbsp;&nbsp; 2.725% | 3407709 | &nbsp;&nbsp; 3230518 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2021-C61 Class A4 | Series 2021-C61 Class A4 | Series 2021-C61 Class A4 | Series 2021-C61 Class A4 |
| 11/15/2054 | &nbsp;&nbsp; 2.658% | 7990000 | &nbsp;&nbsp; 7305230 |
| Subordinated Series 2021-C59 Class C | Subordinated Series 2021-C59 Class C | Subordinated Series 2021-C59 Class C | Subordinated Series 2021-C59 Class C |
| 04/15/2054 | &nbsp;&nbsp; 3.284% | 2590000 | &nbsp;&nbsp; 2182731 |
| Wells Fargo Commercial Mortgage Trust<sup>(e),(f)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(e),(f)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(e),(f)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(e),(f)</sup>  |
| Series 2021-C59 Class XA | Series 2021-C59 Class XA | Series 2021-C59 Class XA | Series 2021-C59 Class XA |
| 04/15/2054 | &nbsp;&nbsp; 1.480% | 19973998 | &nbsp;&nbsp; 1092805 |
| Series 2021-C60 Class XA | Series 2021-C60 Class XA | Series 2021-C60 Class XA | Series 2021-C60 Class XA |
| 08/15/2054 | &nbsp;&nbsp; 1.491% | 3981534 | &nbsp;&nbsp; 233187 |
| Wells Fargo Commercial Mortgage Trust<sup>(e)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(e)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(e)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(e)</sup>  |
| Series 2022-C62 Class A4 | Series 2022-C62 Class A4 | Series 2022-C62 Class A4 | Series 2022-C62 Class A4 |
| 04/15/2055 | &nbsp;&nbsp; 4.000% | 5330000 | &nbsp;&nbsp; 5169884 |
| Series 2025-5C5 Class C | Series 2025-5C5 Class C | Series 2025-5C5 Class C | Series 2025-5C5 Class C |
| 07/15/2058 | &nbsp;&nbsp; 6.014% | 1250000 | &nbsp;&nbsp; 1279549 |
| Subordinated Series 2016-C33 Class B | Subordinated Series 2016-C33 Class B | Subordinated Series 2016-C33 Class B | Subordinated Series 2016-C33 Class B |
| 03/15/2059 | &nbsp;&nbsp; 4.506% | 3005000 | &nbsp;&nbsp; 2972699 |
| Subordinated Series 2017-C41 Class B | Subordinated Series 2017-C41 Class B | Subordinated Series 2017-C41 Class B | Subordinated Series 2017-C41 Class B |
| 11/15/2050 | &nbsp;&nbsp; 4.188% | 1690000 | &nbsp;&nbsp; 1630843 |
| Wells Fargo Commercial Mortgage Trust<sup>(b),(e)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(b),(e)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(b),(e)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(b),(e)</sup>  |
| Series 2024-1CHI Class A | Series 2024-1CHI Class A | Series 2024-1CHI Class A | Series 2024-1CHI Class A |
| 07/15/2035 | &nbsp;&nbsp; 4.954% | 6000000 | &nbsp;&nbsp; 6055335 |
| Series 2025-VTT Class C | Series 2025-VTT Class C | Series 2025-VTT Class C | Series 2025-VTT Class C |
| 03/15/2038 | &nbsp;&nbsp; 5.445% | 2000000 | &nbsp;&nbsp; 2022155 |
| Wells Fargo Commercial Mortgage Trust<sup>(b),(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(b),(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(b),(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(b),(c)</sup>  |
| Series 2025-B33RP Class A | Series 2025-B33RP Class A | Series 2025-B33RP Class A | Series 2025-B33RP Class A |
| 1-month Term SOFR + 1.350% <br>Floor 1.350% <br>08/15/2042<br>| &nbsp;&nbsp; 5.010% | 5000000 | &nbsp;&nbsp; 5001572 |
| Series 2025-DWHP Class B | Series 2025-DWHP Class B | Series 2025-DWHP Class B | Series 2025-DWHP Class B |
| 1-month Term SOFR + 2.841% <br>Floor 2.841% <br>04/15/2038<br>| &nbsp;&nbsp; 6.500% | 2000000 | &nbsp;&nbsp; 2030922 |
| WSTN Trust<sup>(b),(e)</sup>  | WSTN Trust<sup>(b),(e)</sup>  | WSTN Trust<sup>(b),(e)</sup>  | WSTN Trust<sup>(b),(e)</sup>  |
| Series 2023-MAUI Class A | Series 2023-MAUI Class A | Series 2023-MAUI Class A | Series 2023-MAUI Class A |
| 07/05/2037 | &nbsp;&nbsp; 6.297% | 2500000 | &nbsp;&nbsp; 2547438 |
| Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $891,191,791) | Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $891,191,791) | Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $891,191,791) | &nbsp;&nbsp; **888453789** |

---

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

---

| | | |
|:---|:---|:---|
| **Common Stocks 0.0%** | **Common Stocks 0.0%** | **Common Stocks 0.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Digicel Ltd.<sup>(h)</sup> <br>| &nbsp;&nbsp; 59381 | &nbsp;&nbsp; 1058971 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **1058971** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Energy 0.0%** | **Energy 0.0%** | **Energy 0.0%** |
| **Oil, Gas & Consumable Fuels 0.0%** | **Oil, Gas & Consumable Fuels 0.0%** | **Oil, Gas & Consumable Fuels 0.0%** |
| Prairie Provident Resources, Inc.<sup>(h),(i)</sup> <br>| &nbsp;&nbsp; 58 | &nbsp;&nbsp; 18 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **18** |
| **Financials 0.0%** | **Financials 0.0%** | **Financials 0.0%** |
| **Financial Services 0.0%** | **Financial Services 0.0%** | **Financial Services 0.0%** |
| DSG TopCo, Inc.<sup>(h)</sup> <br>| &nbsp;&nbsp; 54244 | &nbsp;&nbsp; 22050 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **22050** |
| **Health Care 0.0%** | **Health Care 0.0%** | **Health Care 0.0%** |
| **Health Care Providers & Services 0.0%** | **Health Care Providers & Services 0.0%** | **Health Care Providers & Services 0.0%** |
| ModivCare Buyer LLC<sup>(h)</sup> <br>| &nbsp;&nbsp; 171165 | &nbsp;&nbsp; 1133968 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **1133968** |
| **Materials 0.0%** | **Materials 0.0%** | **Materials 0.0%** |
| **Containers & Packaging 0.0%** | **Containers & Packaging 0.0%** | **Containers & Packaging 0.0%** |
| Ardagh Holdings SA<sup>(b),(h)</sup> <br>| &nbsp;&nbsp; 132091 | &nbsp;&nbsp; 974171 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **974171** |
| Total Common Stocks <br>(Cost $1,891,345) | Total Common Stocks <br>(Cost $1,891,345) | &nbsp;&nbsp; **3189178** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Convertible Bonds**<sup>(a)</sup> **0.0%** | **Convertible Bonds**<sup>(a)</sup> **0.0%** | **Convertible Bonds**<sup>(a)</sup> **0.0%** | **Convertible Bonds**<sup>(a)</sup> **0.0%** | **Convertible Bonds**<sup>(a)</sup> **0.0%** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** |
| Davide Campari-Milano NV<sup>(b)</sup>  | Davide Campari-Milano NV<sup>(b)</sup>  | Davide Campari-Milano NV<sup>(b)</sup>  | Davide Campari-Milano NV<sup>(b)</sup>  | Davide Campari-Milano NV<sup>(b)</sup>  |
| 01/17/2029 | &nbsp;&nbsp; 2.375% | EUR | 1400000 | &nbsp;&nbsp; 1633997 |
| **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** |
| Worldline SA<sup>(b),(j)</sup>  | Worldline SA<sup>(b),(j)</sup>  | Worldline SA<sup>(b),(j)</sup>  | Worldline SA<sup>(b),(j)</sup>  | Worldline SA<sup>(b),(j)</sup>  |
| 07/30/2026 | &nbsp;&nbsp; 0.000% | EUR | 1194230 | &nbsp;&nbsp; 1418866 |
| Total Convertible Bonds <br>(Cost $2,685,553) | Total Convertible Bonds <br>(Cost $2,685,553) | Total Convertible Bonds <br>(Cost $2,685,553) | Total Convertible Bonds <br>(Cost $2,685,553) | &nbsp;&nbsp; **3052863** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Convertible Preferred Stocks 0.0%** | **Convertible Preferred Stocks 0.0%** | **Convertible Preferred Stocks 0.0%** | **Convertible Preferred Stocks 0.0%** |
| **Issuer** |  | **Shares** | **Value ($)** |
| **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Digicel Ltd.<sup>(i),(k),(l)</sup> <br>| &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3868 | &nbsp;&nbsp; 38680 |
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **38680** |
| Total Convertible Preferred Stocks <br>(Cost $38,680) | Total Convertible Preferred Stocks <br>(Cost $38,680) | Total Convertible Preferred Stocks <br>(Cost $38,680) | &nbsp;&nbsp; **38680** |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

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

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **27.0%** | **Corporate Bonds & Notes**<sup>(a)</sup> **27.0%** | **Corporate Bonds & Notes**<sup>(a)</sup> **27.0%** | **Corporate Bonds & Notes**<sup>(a)</sup> **27.0%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** | **Aerospace & Defense 0.3%** |
| BAE Systems PLC<sup>(b)</sup>  | BAE Systems PLC<sup>(b)</sup>  | BAE Systems PLC<sup>(b)</sup>  | BAE Systems PLC<sup>(b)</sup>  |
| 03/26/2029 | &nbsp;&nbsp; 5.125% | 1428000 | &nbsp;&nbsp; 1478184 |
| 04/15/2030 | &nbsp;&nbsp; 3.400% | 690000 | &nbsp;&nbsp; 674503 |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 02/01/2031 | &nbsp;&nbsp; 3.625% | 2375000 | &nbsp;&nbsp; 2306544 |
| 02/01/2035 | &nbsp;&nbsp; 3.250% | 4659000 | &nbsp;&nbsp; 4149134 |
| 03/01/2047 | &nbsp;&nbsp; 3.650% | 1060000 | &nbsp;&nbsp; 790843 |
| 03/01/2048 | &nbsp;&nbsp; 3.625% | 3800000 | &nbsp;&nbsp; 2780857 |
| 05/01/2049 | &nbsp;&nbsp; 3.900% | 2010000 | &nbsp;&nbsp; 1534417 |
| 05/01/2054 | &nbsp;&nbsp; 6.858% | 139000 | &nbsp;&nbsp; 159493 |
| 08/01/2059 | &nbsp;&nbsp; 3.950% | 3500000 | &nbsp;&nbsp; 2508306 |
| 05/01/2060 | &nbsp;&nbsp; 5.930% | 469000 | &nbsp;&nbsp; 470811 |
| 05/01/2064 | &nbsp;&nbsp; 7.008% | 808000 | &nbsp;&nbsp; 938727 |
| Bombardier, Inc.<sup>(b)</sup>  | Bombardier, Inc.<sup>(b)</sup>  | Bombardier, Inc.<sup>(b)</sup>  | Bombardier, Inc.<sup>(b)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 7.500% | 375000 | &nbsp;&nbsp; 390182 |
| 07/01/2031 | &nbsp;&nbsp; 7.250% | 1020000 | &nbsp;&nbsp; 1084251 |
| 06/15/2033 | &nbsp;&nbsp; 6.750% | 940000 | &nbsp;&nbsp; 991786 |
| 05/01/2034 | &nbsp;&nbsp; 7.450% | 1550000 | &nbsp;&nbsp; 1740473 |
| General Electric Co.<sup>(c)</sup>  | General Electric Co.<sup>(c)</sup>  | General Electric Co.<sup>(c)</sup>  | General Electric Co.<sup>(c)</sup>  |
| 3-month Term SOFR + 0.742% <br>08/15/2036<br>| &nbsp;&nbsp; 4.394% | 5380000 | &nbsp;&nbsp; 5048620 |
| HEICO Corp. | HEICO Corp. | HEICO Corp. | HEICO Corp. |
| 08/01/2028 | &nbsp;&nbsp; 5.250% | 1362000 | &nbsp;&nbsp; 1401441 |
| Huntington Ingalls Industries, Inc. | Huntington Ingalls Industries, Inc. | Huntington Ingalls Industries, Inc. | Huntington Ingalls Industries, Inc. |
| 08/16/2028 | &nbsp;&nbsp; 2.043% | 6666000 | &nbsp;&nbsp; 6360397 |
| 05/01/2030 | &nbsp;&nbsp; 4.200% | 2098000 | &nbsp;&nbsp; 2094890 |
| TransDigm, Inc.<sup>(b)</sup>  | TransDigm, Inc.<sup>(b)</sup>  | TransDigm, Inc.<sup>(b)</sup>  | TransDigm, Inc.<sup>(b)</sup>  |
| 01/31/2034 | &nbsp;&nbsp; 6.750% | 775000 | &nbsp;&nbsp; 804607 |
| United Technologies Corp. | United Technologies Corp. | United Technologies Corp. | United Technologies Corp. |
| 11/16/2038 | &nbsp;&nbsp; 4.450% | 576000 | &nbsp;&nbsp; 548506 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **38256972** |
| **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** |
| American Airlines Pass-Through Trust | American Airlines Pass-Through Trust | American Airlines Pass-Through Trust | American Airlines Pass-Through Trust |
| Series 2015-2 Class AA | Series 2015-2 Class AA | Series 2015-2 Class AA | Series 2015-2 Class AA |
| 09/22/2027 | &nbsp;&nbsp; 3.600% | 50592 | &nbsp;&nbsp; 50107 |
| Series 2016-1 Class AA | Series 2016-1 Class AA | Series 2016-1 Class AA | Series 2016-1 Class AA |
| 07/15/2029 | &nbsp;&nbsp; 3.575% | 296576 | &nbsp;&nbsp; 292832 |
| Series 2016-2 Class AA | Series 2016-2 Class AA | Series 2016-2 Class AA | Series 2016-2 Class AA |
| 06/15/2028 | &nbsp;&nbsp; 3.200% | 344855 | &nbsp;&nbsp; 337543 |
| Series 2017-2 Class AA | Series 2017-2 Class AA | Series 2017-2 Class AA | Series 2017-2 Class AA |
| 10/15/2029 | &nbsp;&nbsp; 3.350% | 952910 | &nbsp;&nbsp; 927881 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(b)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(b)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(b)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(b)</sup>  |
| 04/20/2029 | &nbsp;&nbsp; 5.750% | 1050000 | &nbsp;&nbsp; 1062332 |
| Delta Air Lines Pass-Through Trust | Delta Air Lines Pass-Through Trust | Delta Air Lines Pass-Through Trust | Delta Air Lines Pass-Through Trust |
| 06/10/2028 | &nbsp;&nbsp; 2.000% | 4530150 | &nbsp;&nbsp; 4374607 |
| Delta Air Lines, Inc./SkyMiles IP Ltd.<sup>(b)</sup>  | Delta Air Lines, Inc./SkyMiles IP Ltd.<sup>(b)</sup>  | Delta Air Lines, Inc./SkyMiles IP Ltd.<sup>(b)</sup>  | Delta Air Lines, Inc./SkyMiles IP Ltd.<sup>(b)</sup>  |
| 10/20/2028 | &nbsp;&nbsp; 4.750% | 6621063 | &nbsp;&nbsp; 6678130 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Southwest Airlines Co. | Southwest Airlines Co. | Southwest Airlines Co. | Southwest Airlines Co. |
| 06/15/2027 | &nbsp;&nbsp; 5.125% | 1665000 | &nbsp;&nbsp; 1684337 |
| 11/15/2028 | &nbsp;&nbsp; 4.375% | 3270000 | &nbsp;&nbsp; 3293956 |
| United Airlines Holdings, Inc. | United Airlines Holdings, Inc. | United Airlines Holdings, Inc. | United Airlines Holdings, Inc. |
| 03/01/2029 | &nbsp;&nbsp; 4.875% | 1255000 | &nbsp;&nbsp; 1263985 |
| 03/01/2031 | &nbsp;&nbsp; 5.375% | 1445000 | &nbsp;&nbsp; 1472663 |
| United Airlines Pass-Through Trust | United Airlines Pass-Through Trust | United Airlines Pass-Through Trust | United Airlines Pass-Through Trust |
| Series 2023-1 Class A | Series 2023-1 Class A | Series 2023-1 Class A | Series 2023-1 Class A |
| 01/15/2036 | &nbsp;&nbsp; 5.800% | 3509561 | &nbsp;&nbsp; 3716443 |
| United Airlines, Inc.<sup>(b)</sup>  | United Airlines, Inc.<sup>(b)</sup>  | United Airlines, Inc.<sup>(b)</sup>  | United Airlines, Inc.<sup>(b)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 4.625% | 690000 | &nbsp;&nbsp; 690243 |
| United Airlines, Inc. Pass-Through Trust | United Airlines, Inc. Pass-Through Trust | United Airlines, Inc. Pass-Through Trust | United Airlines, Inc. Pass-Through Trust |
| 10/15/2027 | &nbsp;&nbsp; 5.875% | 232157 | &nbsp;&nbsp; 237715 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **26082774** |
| **Apartment REIT 0.1%** | **Apartment REIT 0.1%** | **Apartment REIT 0.1%** | **Apartment REIT 0.1%** |
| American Homes 4 Rent LP | American Homes 4 Rent LP | American Homes 4 Rent LP | American Homes 4 Rent LP |
| 02/15/2028 | &nbsp;&nbsp; 4.250% | 199000 | &nbsp;&nbsp; 199402 |
| 04/15/2032 | &nbsp;&nbsp; 3.625% | 208000 | &nbsp;&nbsp; 197368 |
| 02/01/2034 | &nbsp;&nbsp; 5.500% | 1353000 | &nbsp;&nbsp; 1394961 |
| 07/15/2051 | &nbsp;&nbsp; 3.375% | 755000 | &nbsp;&nbsp; 507703 |
| Camden Property Trust | Camden Property Trust | Camden Property Trust | Camden Property Trust |
| 11/03/2026 | &nbsp;&nbsp; 5.850% | 1033000 | &nbsp;&nbsp; 1044561 |
| 02/28/2036 | &nbsp;&nbsp; 4.900% | 2585000 | &nbsp;&nbsp; 2585662 |
| Invitation Homes Operating Partnership LP | Invitation Homes Operating Partnership LP | Invitation Homes Operating Partnership LP | Invitation Homes Operating Partnership LP |
| 11/15/2028 | &nbsp;&nbsp; 2.300% | 624000 | &nbsp;&nbsp; 593643 |
| 08/15/2031 | &nbsp;&nbsp; 2.000% | 2412000 | &nbsp;&nbsp; 2125383 |
| 08/15/2033 | &nbsp;&nbsp; 5.500% | 517000 | &nbsp;&nbsp; 534060 |
| Mid-America Apartments LP | Mid-America Apartments LP | Mid-America Apartments LP | Mid-America Apartments LP |
| 02/15/2032 | &nbsp;&nbsp; 5.300% | 727000 | &nbsp;&nbsp; 764278 |
| 01/15/2033 | &nbsp;&nbsp; 4.650% | 4952000 | &nbsp;&nbsp; 4980909 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **14927930** |
| **Automotive 1.0%** | **Automotive 1.0%** | **Automotive 1.0%** | **Automotive 1.0%** |
| American Axle & Manufacturing, Inc.<sup>(b)</sup>  | American Axle & Manufacturing, Inc.<sup>(b)</sup>  | American Axle & Manufacturing, Inc.<sup>(b)</sup>  | American Axle & Manufacturing, Inc.<sup>(b)</sup>  |
| 10/15/2033 | &nbsp;&nbsp; 7.750% | 1015000 | &nbsp;&nbsp; 1031240 |
| American Honda Finance Corp. | American Honda Finance Corp. | American Honda Finance Corp. | American Honda Finance Corp. |
| 01/12/2028 | &nbsp;&nbsp; 4.700% | 1100000 | &nbsp;&nbsp; 1116489 |
| 11/15/2028 | &nbsp;&nbsp; 5.650% | 551000 | &nbsp;&nbsp; 574871 |
| 01/08/2031 | &nbsp;&nbsp; 4.450% | 2945000 | &nbsp;&nbsp; 2973887 |
| 10/23/2031 | &nbsp;&nbsp; 4.850% | 1410000 | &nbsp;&nbsp; 1449052 |
| BMW US Capital LLC<sup>(b)</sup>  | BMW US Capital LLC<sup>(b)</sup>  | BMW US Capital LLC<sup>(b)</sup>  | BMW US Capital LLC<sup>(b)</sup>  |
| 03/21/2030 | &nbsp;&nbsp; 5.050% | 638000 | &nbsp;&nbsp; 659236 |
| BorgWarner, Inc. | BorgWarner, Inc. | BorgWarner, Inc. | BorgWarner, Inc. |
| 08/15/2034 | &nbsp;&nbsp; 5.400% | 411000 | &nbsp;&nbsp; 426958 |
| Daimler Truck Finance North America LLC<sup>(b)</sup>  | Daimler Truck Finance North America LLC<sup>(b)</sup>  | Daimler Truck Finance North America LLC<sup>(b)</sup>  | Daimler Truck Finance North America LLC<sup>(b)</sup>  |
| 10/12/2030 | &nbsp;&nbsp; 4.650% | 4060000 | &nbsp;&nbsp; 4124258 |
| Denso Corp.<sup>(b)</sup>  | Denso Corp.<sup>(b)</sup>  | Denso Corp.<sup>(b)</sup>  | Denso Corp.<sup>(b)</sup>  |
| 09/16/2026 | &nbsp;&nbsp; 1.239% | 4070000 | &nbsp;&nbsp; 4009392 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Ford Motor Co. | Ford Motor Co. | Ford Motor Co. | Ford Motor Co. | Ford Motor Co. |
| 02/12/2032 | &nbsp;&nbsp; 3.250% |  | 880000 | &nbsp;&nbsp; 791378 |
| 01/15/2043 | &nbsp;&nbsp; 4.750% |  | 836000 | &nbsp;&nbsp; 672385 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| 08/10/2026 | &nbsp;&nbsp; 2.700% |  | 3625000 | &nbsp;&nbsp; 3598729 |
| 05/17/2027 | &nbsp;&nbsp; 5.850% |  | 1515000 | &nbsp;&nbsp; 1539690 |
| 08/17/2027 | &nbsp;&nbsp; 4.125% |  | 1786000 | &nbsp;&nbsp; 1779441 |
| 05/12/2028 | &nbsp;&nbsp; 6.800% |  | 450000 | &nbsp;&nbsp; 470645 |
| 03/08/2029 | &nbsp;&nbsp; 5.800% |  | 6615000 | &nbsp;&nbsp; 6812629 |
| 05/03/2029 | &nbsp;&nbsp; 5.113% |  | 1005000 | &nbsp;&nbsp; 1014596 |
| General Motors Co. | General Motors Co. | General Motors Co. | General Motors Co. | General Motors Co. |
| 04/15/2030 | &nbsp;&nbsp; 5.625% |  | 3230000 | &nbsp;&nbsp; 3385600 |
| 04/01/2035 | &nbsp;&nbsp; 5.000% |  | 1761000 | &nbsp;&nbsp; 1748284 |
| 04/15/2035 | &nbsp;&nbsp; 6.250% |  | 918000 | &nbsp;&nbsp; 984659 |
| 10/02/2043 | &nbsp;&nbsp; 6.250% |  | 292000 | &nbsp;&nbsp; 299564 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| 03/01/2026 | &nbsp;&nbsp; 5.250% |  | 1759000 | &nbsp;&nbsp; 1759043 |
| 06/23/2028 | &nbsp;&nbsp; 5.800% |  | 1850000 | &nbsp;&nbsp; 1916594 |
| 10/15/2028 | &nbsp;&nbsp; 2.400% |  | 2820000 | &nbsp;&nbsp; 2701015 |
| 07/15/2029 | &nbsp;&nbsp; 5.550% |  | 3372000 | &nbsp;&nbsp; 3511071 |
| 10/06/2029 | &nbsp;&nbsp; 4.900% |  | 1327000 | &nbsp;&nbsp; 1356819 |
| 06/21/2030 | &nbsp;&nbsp; 3.600% |  | 1710000 | &nbsp;&nbsp; 1661476 |
| 01/08/2031 | &nbsp;&nbsp; 2.350% |  | 1229000 | &nbsp;&nbsp; 1118231 |
| 01/07/2034 | &nbsp;&nbsp; 6.100% |  | 367000 | &nbsp;&nbsp; 392922 |
| 01/07/2035 | &nbsp;&nbsp; 5.900% |  | 1238000 | &nbsp;&nbsp; 1300913 |
| 07/15/2035 | &nbsp;&nbsp; 6.150% |  | 2547000 | &nbsp;&nbsp; 2724731 |
| Honda Motor Co., Ltd. | Honda Motor Co., Ltd. | Honda Motor Co., Ltd. | Honda Motor Co., Ltd. | Honda Motor Co., Ltd. |
| 07/08/2030 | &nbsp;&nbsp; 4.688% |  | 1998000 | &nbsp;&nbsp; 2036877 |
| 07/08/2035 | &nbsp;&nbsp; 5.337% |  | 1126000 | &nbsp;&nbsp; 1165516 |
| Hyundai Capital America<sup>(b)</sup>  | Hyundai Capital America<sup>(b)</sup>  | Hyundai Capital America<sup>(b)</sup>  | Hyundai Capital America<sup>(b)</sup>  | Hyundai Capital America<sup>(b)</sup>  |
| 06/26/2028 | &nbsp;&nbsp; 5.680% |  | 860000 | &nbsp;&nbsp; 888796 |
| 09/18/2028 | &nbsp;&nbsp; 4.250% |  | 1790000 | &nbsp;&nbsp; 1797783 |
| 09/21/2028 | &nbsp;&nbsp; 6.100% |  | 3968000 | &nbsp;&nbsp; 4151970 |
| 01/16/2029 | &nbsp;&nbsp; 6.500% |  | 880000 | &nbsp;&nbsp; 934614 |
| 06/24/2029 | &nbsp;&nbsp; 5.300% |  | 993000 | &nbsp;&nbsp; 1028213 |
| 03/27/2030 | &nbsp;&nbsp; 5.150% |  | 5385000 | &nbsp;&nbsp; 5566347 |
| 03/29/2032 | &nbsp;&nbsp; 5.400% |  | 1555000 | &nbsp;&nbsp; 1629072 |
| 06/23/2032 | &nbsp;&nbsp; 5.400% |  | 4465000 | &nbsp;&nbsp; 4678835 |
| LKQ Corp. | LKQ Corp. | LKQ Corp. | LKQ Corp. | LKQ Corp. |
| 06/15/2028 | &nbsp;&nbsp; 5.750% |  | 3405000 | &nbsp;&nbsp; 3497273 |
| Mercedes-Benz Finance North America LLC<sup>(b)</sup>  | Mercedes-Benz Finance North America LLC<sup>(b)</sup>  | Mercedes-Benz Finance North America LLC<sup>(b)</sup>  | Mercedes-Benz Finance North America LLC<sup>(b)</sup>  | Mercedes-Benz Finance North America LLC<sup>(b)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 4.800% |  | 1100000 | &nbsp;&nbsp; 1126521 |
| Nissan Motor Acceptance Co. LLC<sup>(b)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(b)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(b)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(b)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(b)</sup>  |
| 09/13/2029 | &nbsp;&nbsp; 5.550% |  | 3255000 | &nbsp;&nbsp; 3247572 |
| Robert Bosch GmbH<sup>(b)</sup>  | Robert Bosch GmbH<sup>(b)</sup>  | Robert Bosch GmbH<sup>(b)</sup>  | Robert Bosch GmbH<sup>(b)</sup>  | Robert Bosch GmbH<sup>(b)</sup>  |
| 06/02/2043 | &nbsp;&nbsp; 4.375% | EUR | 900000 | &nbsp;&nbsp; 1071725 |
| Stellantis Financial Services US Corp.<sup>(b)</sup>  | Stellantis Financial Services US Corp.<sup>(b)</sup>  | Stellantis Financial Services US Corp.<sup>(b)</sup>  | Stellantis Financial Services US Corp.<sup>(b)</sup>  | Stellantis Financial Services US Corp.<sup>(b)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 4.950% |  | 5730000 | &nbsp;&nbsp; 5776873 |
| Tenneco, Inc.<sup>(b)</sup>  | Tenneco, Inc.<sup>(b)</sup>  | Tenneco, Inc.<sup>(b)</sup>  | Tenneco, Inc.<sup>(b)</sup>  | Tenneco, Inc.<sup>(b)</sup>  |
| 11/17/2028 | &nbsp;&nbsp; 8.000% |  | 4525000 | &nbsp;&nbsp; 4525028 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Toyota Motor Corp. | Toyota Motor Corp. | Toyota Motor Corp. | Toyota Motor Corp. | Toyota Motor Corp. |
| 06/30/2030 | &nbsp;&nbsp; 4.450% |  | 1842000 | &nbsp;&nbsp; 1876892 |
| Toyota Motor Credit Corp. | Toyota Motor Credit Corp. | Toyota Motor Credit Corp. | Toyota Motor Credit Corp. | Toyota Motor Credit Corp. |
| 10/08/2027 | &nbsp;&nbsp; 4.350% |  | 1153000 | &nbsp;&nbsp; 1164868 |
| 08/09/2029 | &nbsp;&nbsp; 4.550% |  | 795000 | &nbsp;&nbsp; 812393 |
| 05/15/2030 | &nbsp;&nbsp; 4.800% |  | 1603000 | &nbsp;&nbsp; 1653952 |
| 11/20/2030 | &nbsp;&nbsp; 5.550% |  | 577000 | &nbsp;&nbsp; 614306 |
| 09/03/2032 | &nbsp;&nbsp; 4.650% |  | 4130000 | &nbsp;&nbsp; 4214089 |
| Volkswagen Group of America Finance LLC<sup>(b)</sup>  | Volkswagen Group of America Finance LLC<sup>(b)</sup>  | Volkswagen Group of America Finance LLC<sup>(b)</sup>  | Volkswagen Group of America Finance LLC<sup>(b)</sup>  | Volkswagen Group of America Finance LLC<sup>(b)</sup>  |
| 03/22/2027 | &nbsp;&nbsp; 5.300% |  | 2297000 | &nbsp;&nbsp; 2327072 |
| 09/11/2028 | &nbsp;&nbsp; 4.550% |  | 1000000 | &nbsp;&nbsp; 1008677 |
| 03/22/2029 | &nbsp;&nbsp; 5.250% |  | 6355000 | &nbsp;&nbsp; 6527901 |
| 09/11/2030 | &nbsp;&nbsp; 4.850% |  | 975000 | &nbsp;&nbsp; 990837 |
| 11/16/2030 | &nbsp;&nbsp; 6.450% |  | 1588000 | &nbsp;&nbsp; 1716200 |
| 03/25/2032 | &nbsp;&nbsp; 5.650% |  | 360000 | &nbsp;&nbsp; 376852 |
| Volkswagen International Finance NV<sup>(b),(m),(n)</sup>  | Volkswagen International Finance NV<sup>(b),(m),(n)</sup>  | Volkswagen International Finance NV<sup>(b),(m),(n)</sup>  | Volkswagen International Finance NV<sup>(b),(m),(n)</sup>  | Volkswagen International Finance NV<sup>(b),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 7.875% | EUR | 1400000 | &nbsp;&nbsp; 1931325 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **126244177** |
| **Banking 6.7%** | **Banking 6.7%** | **Banking 6.7%** | **Banking 6.7%** | **Banking 6.7%** |
| ABN AMRO Bank NV<sup>(b),(n)</sup>  | ABN AMRO Bank NV<sup>(b),(n)</sup>  | ABN AMRO Bank NV<sup>(b),(n)</sup>  | ABN AMRO Bank NV<sup>(b),(n)</sup>  | ABN AMRO Bank NV<sup>(b),(n)</sup>  |
| 09/18/2027 | &nbsp;&nbsp; 6.339% |  | 6900000 | &nbsp;&nbsp; 6985887 |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 03/13/2037 | &nbsp;&nbsp; 3.324% |  | 641000 | &nbsp;&nbsp; 587741 |
| Ally Financial, Inc.<sup>(n)</sup>  | Ally Financial, Inc.<sup>(n)</sup>  | Ally Financial, Inc.<sup>(n)</sup>  | Ally Financial, Inc.<sup>(n)</sup>  | Ally Financial, Inc.<sup>(n)</sup>  |
| 01/17/2031 | &nbsp;&nbsp; 5.543% |  | 1645000 | &nbsp;&nbsp; 1690946 |
| 07/31/2033 | &nbsp;&nbsp; 5.548% |  | 6539000 | &nbsp;&nbsp; 6590452 |
| American Express Co.<sup>(n)</sup>  | American Express Co.<sup>(n)</sup>  | American Express Co.<sup>(n)</sup>  | American Express Co.<sup>(n)</sup>  | American Express Co.<sup>(n)</sup>  |
| 02/16/2028 | &nbsp;&nbsp; 5.098% |  | 989000 | &nbsp;&nbsp; 999247 |
| 07/27/2029 | &nbsp;&nbsp; 5.282% |  | 1764000 | &nbsp;&nbsp; 1817134 |
| 01/30/2031 | &nbsp;&nbsp; 5.085% |  | 527000 | &nbsp;&nbsp; 544599 |
| 04/25/2031 | &nbsp;&nbsp; 5.016% |  | 435000 | &nbsp;&nbsp; 448766 |
| 02/10/2032 | &nbsp;&nbsp; 4.456% |  | 7365000 | &nbsp;&nbsp; 7437604 |
| 07/20/2033 | &nbsp;&nbsp; 4.918% |  | 2765000 | &nbsp;&nbsp; 2827521 |
| ANZ New Zealand International Ltd.<sup>(b)</sup>  | ANZ New Zealand International Ltd.<sup>(b)</sup>  | ANZ New Zealand International Ltd.<sup>(b)</sup>  | ANZ New Zealand International Ltd.<sup>(b)</sup>  | ANZ New Zealand International Ltd.<sup>(b)</sup>  |
| 08/14/2028 | &nbsp;&nbsp; 5.355% |  | 4595000 | &nbsp;&nbsp; 4761270 |
| Banco Bilbao Vizcaya Argentaria SA<sup>(d)</sup>  | Banco Bilbao Vizcaya Argentaria SA<sup>(d)</sup>  | Banco Bilbao Vizcaya Argentaria SA<sup>(d)</sup>  | Banco Bilbao Vizcaya Argentaria SA<sup>(d)</sup>  | Banco Bilbao Vizcaya Argentaria SA<sup>(d)</sup>  |
| 03/03/2029 | &nbsp;&nbsp; 4.150% |  | 4600000 | &nbsp;&nbsp; 4599935 |
| Banco de Credito del Peru SA<sup>(b),(n)</sup>  | Banco de Credito del Peru SA<sup>(b),(n)</sup>  | Banco de Credito del Peru SA<sup>(b),(n)</sup>  | Banco de Credito del Peru SA<sup>(b),(n)</sup>  | Banco de Credito del Peru SA<sup>(b),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 07/30/2035 | &nbsp;&nbsp; 6.450% |  | 1130000 | &nbsp;&nbsp; 1178658 |
| Banco Santander SA<sup>(n)</sup>  | Banco Santander SA<sup>(n)</sup>  | Banco Santander SA<sup>(n)</sup>  | Banco Santander SA<sup>(n)</sup>  | Banco Santander SA<sup>(n)</sup>  |
| 03/14/2030 | &nbsp;&nbsp; 5.538% |  | 4000000 | &nbsp;&nbsp; 4152081 |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 11/22/2032 | &nbsp;&nbsp; 3.225% |  | 3400000 | &nbsp;&nbsp; 3133012 |
| Bank of America Corp.<sup>(n)</sup>  | Bank of America Corp.<sup>(n)</sup>  | Bank of America Corp.<sup>(n)</sup>  | Bank of America Corp.<sup>(n)</sup>  | Bank of America Corp.<sup>(n)</sup>  |
| 07/22/2027 | &nbsp;&nbsp; 1.734% |  | 13400000 | &nbsp;&nbsp; 13283893 |
| 04/27/2028 | &nbsp;&nbsp; 4.376% |  | 293000 | &nbsp;&nbsp; 294281 |
| 12/20/2028 | &nbsp;&nbsp; 3.419% |  | 647000 | &nbsp;&nbsp; 640399 |
| 03/05/2029 | &nbsp;&nbsp; 3.970% |  | 1681000 | &nbsp;&nbsp; 1679785 |
| 06/14/2029 | &nbsp;&nbsp; 2.087% |  | 238000 | &nbsp;&nbsp; 227979 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 09/15/2029 | &nbsp;&nbsp; 5.819% | 1128000 | &nbsp;&nbsp; 1176266 |
| 07/23/2030 | &nbsp;&nbsp; 3.194% | 34106000 | &nbsp;&nbsp; 33150764 |
| 10/22/2030 | &nbsp;&nbsp; 2.884% | 508000 | &nbsp;&nbsp; 486593 |
| 01/24/2031 | &nbsp;&nbsp; 5.162% | 196000 | &nbsp;&nbsp; 203400 |
| 02/13/2031 | &nbsp;&nbsp; 2.496% | 8712000 | &nbsp;&nbsp; 8178798 |
| 04/29/2031 | &nbsp;&nbsp; 2.592% | 1311000 | &nbsp;&nbsp; 1231761 |
| 07/23/2031 | &nbsp;&nbsp; 1.898% | 278000 | &nbsp;&nbsp; 252150 |
| 02/06/2032 | &nbsp;&nbsp; 4.456% | 9192000 | &nbsp;&nbsp; 9258741 |
| 04/22/2032 | &nbsp;&nbsp; 2.687% | 585000 | &nbsp;&nbsp; 541843 |
| 07/21/2032 | &nbsp;&nbsp; 2.299% | 785000 | &nbsp;&nbsp; 707529 |
| 10/20/2032 | &nbsp;&nbsp; 2.572% | 7114000 | &nbsp;&nbsp; 6473740 |
| 09/15/2034 | &nbsp;&nbsp; 5.872% | 1569000 | &nbsp;&nbsp; 1683280 |
| 02/06/2037 | &nbsp;&nbsp; 5.045% | 1375000 | &nbsp;&nbsp; 1394405 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 10/25/2035 | &nbsp;&nbsp; 5.518% | 1663000 | &nbsp;&nbsp; 1707669 |
| 02/12/2036 | &nbsp;&nbsp; 5.744% | 1174000 | &nbsp;&nbsp; 1226757 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 03/03/2026 | &nbsp;&nbsp; 4.450% | 2000000 | &nbsp;&nbsp; 2000026 |
| Bank of America NA | Bank of America NA | Bank of America NA | Bank of America NA |
| 08/18/2026 | &nbsp;&nbsp; 5.526% | 5575000 | &nbsp;&nbsp; 5606726 |
| Bank of Montreal<sup>(n)</sup>  | Bank of Montreal<sup>(n)</sup>  | Bank of Montreal<sup>(n)</sup>  | Bank of Montreal<sup>(n)</sup>  |
| 01/27/2029 | &nbsp;&nbsp; 5.004% | 2715000 | &nbsp;&nbsp; 2768357 |
| 09/10/2030 | &nbsp;&nbsp; 4.640% | 1994000 | &nbsp;&nbsp; 2029904 |
| Bank of New York Mellon Corp. (The)<sup>(n)</sup>  | Bank of New York Mellon Corp. (The)<sup>(n)</sup>  | Bank of New York Mellon Corp. (The)<sup>(n)</sup>  | Bank of New York Mellon Corp. (The)<sup>(n)</sup>  |
| 04/26/2027 | &nbsp;&nbsp; 4.947% | 2770000 | &nbsp;&nbsp; 2774414 |
| 02/11/2031 | &nbsp;&nbsp; 4.942% | 3515000 | &nbsp;&nbsp; 3624631 |
| 06/06/2036 | &nbsp;&nbsp; 5.316% | 242000 | &nbsp;&nbsp; 252195 |
| Bank of New Zealand<sup>(b)</sup>  | Bank of New Zealand<sup>(b)</sup>  | Bank of New Zealand<sup>(b)</sup>  | Bank of New Zealand<sup>(b)</sup>  |
| 01/27/2027 | &nbsp;&nbsp; 2.285% | 2140000 | &nbsp;&nbsp; 2110973 |
| Bank of Nova Scotia (The)<sup>(n)</sup>  | Bank of Nova Scotia (The)<sup>(n)</sup>  | Bank of Nova Scotia (The)<sup>(n)</sup>  | Bank of Nova Scotia (The)<sup>(n)</sup>  |
| 09/15/2031 | &nbsp;&nbsp; 4.338% | 5625000 | &nbsp;&nbsp; 5640928 |
| 11/10/2032 | &nbsp;&nbsp; 4.740% | 1951000 | &nbsp;&nbsp; 1984114 |
| Banque Federative du Credit Mutuel SA<sup>(b)</sup>  | Banque Federative du Credit Mutuel SA<sup>(b)</sup>  | Banque Federative du Credit Mutuel SA<sup>(b)</sup>  | Banque Federative du Credit Mutuel SA<sup>(b)</sup>  |
| 02/16/2028 | &nbsp;&nbsp; 5.194% | 2760000 | &nbsp;&nbsp; 2821989 |
| 10/16/2028 | &nbsp;&nbsp; 4.591% | 1431000 | &nbsp;&nbsp; 1448797 |
| Barclays PLC<sup>(n)</sup>  | Barclays PLC<sup>(n)</sup>  | Barclays PLC<sup>(n)</sup>  | Barclays PLC<sup>(n)</sup>  |
| 03/10/2032 | &nbsp;&nbsp; 2.667% | 12020000 | &nbsp;&nbsp; 11055128 |
| 02/24/2037 | &nbsp;&nbsp; 5.207% | 4425000 | &nbsp;&nbsp; 4417533 |
| Barclays PLC | Barclays PLC | Barclays PLC | Barclays PLC |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 05/09/2028 | &nbsp;&nbsp; 4.836% | 995000 | &nbsp;&nbsp; 1002501 |
| BNP Paribas SA<sup>(b),(n)</sup>  | BNP Paribas SA<sup>(b),(n)</sup>  | BNP Paribas SA<sup>(b),(n)</sup>  | BNP Paribas SA<sup>(b),(n)</sup>  |
| 09/30/2028 | &nbsp;&nbsp; 1.904% | 3535000 | &nbsp;&nbsp; 3418346 |
| 06/12/2029 | &nbsp;&nbsp; 5.335% | 1815000 | &nbsp;&nbsp; 1865204 |
| 11/19/2030 | &nbsp;&nbsp; 5.283% | 1555000 | &nbsp;&nbsp; 1608754 |
| 04/19/2032 | &nbsp;&nbsp; 2.871% | 5455000 | &nbsp;&nbsp; 5047239 |
| 01/20/2033 | &nbsp;&nbsp; 3.132% | 6240000 | &nbsp;&nbsp; 5767109 |
| 01/15/2034 | &nbsp;&nbsp; 4.916% | 4730000 | &nbsp;&nbsp; 4752763 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| BPCE SA<sup>(b)</sup>  | BPCE SA<sup>(b)</sup>  | BPCE SA<sup>(b)</sup>  | BPCE SA<sup>(b)</sup>  |
| 01/11/2028 | &nbsp;&nbsp; 3.250% | 460000 | &nbsp;&nbsp; 454497 |
| 05/30/2029 | &nbsp;&nbsp; 5.281% | 1920000 | &nbsp;&nbsp; 1988289 |
| BPCE SA<sup>(b),(n)</sup>  | BPCE SA<sup>(b),(n)</sup>  | BPCE SA<sup>(b),(n)</sup>  | BPCE SA<sup>(b),(n)</sup>  |
| 01/18/2030 | &nbsp;&nbsp; 5.716% | 820000 | &nbsp;&nbsp; 851734 |
| 01/14/2031 | &nbsp;&nbsp; 5.876% | 4025000 | &nbsp;&nbsp; 4231579 |
| CaixaBank SA<sup>(b),(n)</sup>  | CaixaBank SA<sup>(b),(n)</sup>  | CaixaBank SA<sup>(b),(n)</sup>  | CaixaBank SA<sup>(b),(n)</sup>  |
| 03/15/2030 | &nbsp;&nbsp; 5.673% | 620000 | &nbsp;&nbsp; 646072 |
| 07/03/2031 | &nbsp;&nbsp; 4.885% | 3875000 | &nbsp;&nbsp; 3953326 |
| Canadian Imperial Bank of Commerce<sup>(n)</sup>  | Canadian Imperial Bank of Commerce<sup>(n)</sup>  | Canadian Imperial Bank of Commerce<sup>(n)</sup>  | Canadian Imperial Bank of Commerce<sup>(n)</sup>  |
| 03/30/2029 | &nbsp;&nbsp; 4.857% | 5150000 | &nbsp;&nbsp; 5240049 |
| Capital One Financial Corp.<sup>(n)</sup>  | Capital One Financial Corp.<sup>(n)</sup>  | Capital One Financial Corp.<sup>(n)</sup>  | Capital One Financial Corp.<sup>(n)</sup>  |
| 10/29/2027 | &nbsp;&nbsp; 7.149% | 3985000 | &nbsp;&nbsp; 4063879 |
| 11/02/2027 | &nbsp;&nbsp; 1.878% | 688000 | &nbsp;&nbsp; 677231 |
| 01/30/2032 | &nbsp;&nbsp; 4.722% | 3817000 | &nbsp;&nbsp; 3846494 |
| Citibank NA<sup>(n)</sup>  | Citibank NA<sup>(n)</sup>  | Citibank NA<sup>(n)</sup>  | Citibank NA<sup>(n)</sup>  |
| 11/19/2027 | &nbsp;&nbsp; 4.876% | 364000 | &nbsp;&nbsp; 366433 |
| Citibank NA | Citibank NA | Citibank NA | Citibank NA |
| 05/29/2030 | &nbsp;&nbsp; 4.914% | 1710000 | &nbsp;&nbsp; 1764637 |
| Citigroup, Inc.<sup>(m),(n)</sup>  | Citigroup, Inc.<sup>(m),(n)</sup>  | Citigroup, Inc.<sup>(m),(n)</sup>  | Citigroup, Inc.<sup>(m),(n)</sup>  |
|  | &nbsp;&nbsp; 6.875% | 850000 | &nbsp;&nbsp; 872537 |
|  | &nbsp;&nbsp; 7.125% | 8040000 | &nbsp;&nbsp; 8305059 |
| Citigroup, Inc.<sup>(n)</sup>  | Citigroup, Inc.<sup>(n)</sup>  | Citigroup, Inc.<sup>(n)</sup>  | Citigroup, Inc.<sup>(n)</sup>  |
| 06/09/2027 | &nbsp;&nbsp; 1.462% | 20000 | &nbsp;&nbsp; 19861 |
| 05/07/2028 | &nbsp;&nbsp; 4.643% | 9085000 | &nbsp;&nbsp; 9148434 |
| 11/05/2030 | &nbsp;&nbsp; 2.976% | 13020000 | &nbsp;&nbsp; 12476985 |
| 01/29/2031 | &nbsp;&nbsp; 2.666% | 5550000 | &nbsp;&nbsp; 5238399 |
| 06/03/2031 | &nbsp;&nbsp; 2.572% | 244000 | &nbsp;&nbsp; 228066 |
| 05/01/2032 | &nbsp;&nbsp; 2.561% | 4470000 | &nbsp;&nbsp; 4093532 |
| 01/25/2033 | &nbsp;&nbsp; 3.057% | 2800000 | &nbsp;&nbsp; 2590044 |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| 07/23/2048 | &nbsp;&nbsp; 4.650% | 375000 | &nbsp;&nbsp; 334759 |
| CoBank ACB<sup>(n)</sup>  | CoBank ACB<sup>(n)</sup>  | CoBank ACB<sup>(n)</sup>  | CoBank ACB<sup>(n)</sup>  |
| 12/31/2079 | &nbsp;&nbsp; 7.125% | 403000 | &nbsp;&nbsp; 417151 |
| Commonwealth Bank of Australia | Commonwealth Bank of Australia | Commonwealth Bank of Australia | Commonwealth Bank of Australia |
| 03/14/2028 | &nbsp;&nbsp; 4.423% | 2715000 | &nbsp;&nbsp; 2754452 |
| Cooperatieve Rabobank UA<sup>(b),(n)</sup>  | Cooperatieve Rabobank UA<sup>(b),(n)</sup>  | Cooperatieve Rabobank UA<sup>(b),(n)</sup>  | Cooperatieve Rabobank UA<sup>(b),(n)</sup>  |
| 01/21/2033 | &nbsp;&nbsp; 5.710% | 2578000 | &nbsp;&nbsp; 2738805 |
| Credit Agricole SA<sup>(b),(n)</sup>  | Credit Agricole SA<sup>(b),(n)</sup>  | Credit Agricole SA<sup>(b),(n)</sup>  | Credit Agricole SA<sup>(b),(n)</sup>  |
| 01/12/2032 | &nbsp;&nbsp; 4.656% | 9450000 | &nbsp;&nbsp; 9521275 |
| 09/25/2033 | &nbsp;&nbsp; 4.818% | 2405000 | &nbsp;&nbsp; 2423724 |
| Credit Suisse AG | Credit Suisse AG | Credit Suisse AG | Credit Suisse AG |
| 08/07/2026 | &nbsp;&nbsp; 1.250% | 289000 | &nbsp;&nbsp; 285578 |
| Credit Suisse Group AG<sup>(b),(n)</sup>  | Credit Suisse Group AG<sup>(b),(n)</sup>  | Credit Suisse Group AG<sup>(b),(n)</sup>  | Credit Suisse Group AG<sup>(b),(n)</sup>  |
| 05/14/2032 | &nbsp;&nbsp; 3.091% | 2210000 | &nbsp;&nbsp; 2069063 |
| Danske Bank A/S<sup>(b),(n)</sup>  | Danske Bank A/S<sup>(b),(n)</sup>  | Danske Bank A/S<sup>(b),(n)</sup>  | Danske Bank A/S<sup>(b),(n)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 5.705% | 844000 | &nbsp;&nbsp; 881019 |
| 10/02/2030 | &nbsp;&nbsp; 4.613% | 683000 | &nbsp;&nbsp; 691505 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Deutsche Bank AG<sup>(n)</sup>  | Deutsche Bank AG<sup>(n)</sup>  | Deutsche Bank AG<sup>(n)</sup>  | Deutsche Bank AG<sup>(n)</sup>  |
| 01/10/2029 | &nbsp;&nbsp; 5.373% | 1200000 | &nbsp;&nbsp; 1226102 |
| 05/09/2031 | &nbsp;&nbsp; 5.297% | 5525000 | &nbsp;&nbsp; 5705340 |
| 08/04/2031 | &nbsp;&nbsp; 4.950% | 2935000 | &nbsp;&nbsp; 2989128 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 01/14/2032 | &nbsp;&nbsp; 3.729% | 2000000 | &nbsp;&nbsp; 1903453 |
| Deutsche Bank AG | Deutsche Bank AG | Deutsche Bank AG | Deutsche Bank AG |
| 05/10/2029 | &nbsp;&nbsp; 5.414% | 1916000 | &nbsp;&nbsp; 1997545 |
| DNB Bank ASA<sup>(b),(n)</sup>  | DNB Bank ASA<sup>(b),(n)</sup>  | DNB Bank ASA<sup>(b),(n)</sup>  | DNB Bank ASA<sup>(b),(n)</sup>  |
| 11/05/2030 | &nbsp;&nbsp; 4.853% | 2748000 | &nbsp;&nbsp; 2822234 |
| Federation des Caisses Desjardins du Quebec<sup>(b)</sup>  | Federation des Caisses Desjardins du Quebec<sup>(b)</sup>  | Federation des Caisses Desjardins du Quebec<sup>(b)</sup>  | Federation des Caisses Desjardins du Quebec<sup>(b)</sup>  |
| 03/14/2028 | &nbsp;&nbsp; 5.700% | 2210000 | &nbsp;&nbsp; 2286201 |
| 04/26/2029 | &nbsp;&nbsp; 5.250% | 1791000 | &nbsp;&nbsp; 1857604 |
| 08/26/2030 | &nbsp;&nbsp; 4.565% | 3485000 | &nbsp;&nbsp; 3529898 |
| Fifth Third Bancorp<sup>(n)</sup>  | Fifth Third Bancorp<sup>(n)</sup>  | Fifth Third Bancorp<sup>(n)</sup>  | Fifth Third Bancorp<sup>(n)</sup>  |
| 04/25/2033 | &nbsp;&nbsp; 4.337% | 2362000 | &nbsp;&nbsp; 2334304 |
| 01/29/2037 | &nbsp;&nbsp; 5.141% | 1869000 | &nbsp;&nbsp; 1872579 |
| Fifth Third Bank NA<sup>(n)</sup>  | Fifth Third Bank NA<sup>(n)</sup>  | Fifth Third Bank NA<sup>(n)</sup>  | Fifth Third Bank NA<sup>(n)</sup>  |
| 01/28/2028 | &nbsp;&nbsp; 4.967% | 2105000 | &nbsp;&nbsp; 2122583 |
| Goldman Sachs Bank<sup>(n)</sup>  | Goldman Sachs Bank<sup>(n)</sup>  | Goldman Sachs Bank<sup>(n)</sup>  | Goldman Sachs Bank<sup>(n)</sup>  |
| 03/18/2027 | &nbsp;&nbsp; 5.283% | 960000 | &nbsp;&nbsp; 960675 |
| Goldman Sachs Bank USA<sup>(n)</sup>  | Goldman Sachs Bank USA<sup>(n)</sup>  | Goldman Sachs Bank USA<sup>(n)</sup>  | Goldman Sachs Bank USA<sup>(n)</sup>  |
| 05/21/2027 | &nbsp;&nbsp; 5.414% | 4165000 | &nbsp;&nbsp; 4176328 |
| Goldman Sachs Group, Inc. (The)<sup>(m),(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(m),(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(m),(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(m),(n)</sup>  |
|  | &nbsp;&nbsp; 3.650% | 2135000 | &nbsp;&nbsp; 2126115 |
| Goldman Sachs Group, Inc. (The)<sup>(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(n)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(n)</sup>  |
| 03/09/2027 | &nbsp;&nbsp; 1.431% | 10839000 | &nbsp;&nbsp; 10832257 |
| 02/24/2028 | &nbsp;&nbsp; 2.640% | 3320000 | &nbsp;&nbsp; 3275704 |
| 01/21/2029 | &nbsp;&nbsp; 4.148% | 9226000 | &nbsp;&nbsp; 9228697 |
| 10/24/2029 | &nbsp;&nbsp; 6.484% | 518000 | &nbsp;&nbsp; 548398 |
| 04/25/2030 | &nbsp;&nbsp; 5.727% | 518000 | &nbsp;&nbsp; 541134 |
| 10/21/2031 | &nbsp;&nbsp; 4.369% | 11710000 | &nbsp;&nbsp; 11710065 |
| 04/22/2032 | &nbsp;&nbsp; 2.615% | 12585000 | &nbsp;&nbsp; 11555570 |
| 07/21/2032 | &nbsp;&nbsp; 2.383% | 10475000 | &nbsp;&nbsp; 9445650 |
| 07/23/2035 | &nbsp;&nbsp; 5.330% | 535000 | &nbsp;&nbsp; 550975 |
| 10/23/2035 | &nbsp;&nbsp; 5.016% | 1880000 | &nbsp;&nbsp; 1901273 |
| 01/28/2036 | &nbsp;&nbsp; 5.536% | 1258000 | &nbsp;&nbsp; 1316061 |
| 01/21/2037 | &nbsp;&nbsp; 5.065% | 1301000 | &nbsp;&nbsp; 1309778 |
| 01/21/2047 | &nbsp;&nbsp; 5.541% | 4170000 | &nbsp;&nbsp; 4148276 |
| 01/28/2056 | &nbsp;&nbsp; 5.734% | 949000 | &nbsp;&nbsp; 962365 |
| Goldman Sachs Group, Inc. (The) | Goldman Sachs Group, Inc. (The) | Goldman Sachs Group, Inc. (The) | Goldman Sachs Group, Inc. (The) |
| 10/21/2036 | &nbsp;&nbsp; 4.939% | 7361000 | &nbsp;&nbsp; 7328400 |
| 07/08/2044 | &nbsp;&nbsp; 4.800% | 415000 | &nbsp;&nbsp; 383205 |
| Goldman Sachs Group, Inc.(The)<sup>(n)</sup>  | Goldman Sachs Group, Inc.(The)<sup>(n)</sup>  | Goldman Sachs Group, Inc.(The)<sup>(n)</sup>  | Goldman Sachs Group, Inc.(The)<sup>(n)</sup>  |
| 10/21/2029 | &nbsp;&nbsp; 4.153% | 725000 | &nbsp;&nbsp; 725327 |
| HSBC Holdings PLC<sup>(n)</sup>  | HSBC Holdings PLC<sup>(n)</sup>  | HSBC Holdings PLC<sup>(n)</sup>  | HSBC Holdings PLC<sup>(n)</sup>  |
| 05/17/2028 | &nbsp;&nbsp; 5.597% | 775000 | &nbsp;&nbsp; 788902 |
| 11/19/2028 | &nbsp;&nbsp; 5.130% | 3700000 | &nbsp;&nbsp; 3766335 |
| 08/17/2029 | &nbsp;&nbsp; 2.206% | 1403000 | &nbsp;&nbsp; 1340339 |
| 11/06/2031 | &nbsp;&nbsp; 4.619% | 4755000 | &nbsp;&nbsp; 4808339 |
| 05/24/2032 | &nbsp;&nbsp; 2.804% | 1829000 | &nbsp;&nbsp; 1687663 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 11/06/2036 | &nbsp;&nbsp; 5.133% | 2537000 | &nbsp;&nbsp; 2562508 |
| Huntington Bancshares, Inc.<sup>(n)</sup>  | Huntington Bancshares, Inc.<sup>(n)</sup>  | Huntington Bancshares, Inc.<sup>(n)</sup>  | Huntington Bancshares, Inc.<sup>(n)</sup>  |
| 08/21/2029 | &nbsp;&nbsp; 6.208% | 4040000 | &nbsp;&nbsp; 4242594 |
| 01/15/2031 | &nbsp;&nbsp; 5.272% | 1370000 | &nbsp;&nbsp; 1418048 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 01/28/2041 | &nbsp;&nbsp; 5.605% | 4680000 | &nbsp;&nbsp; 4701099 |
| Huntington National Bank (The)<sup>(n)</sup>  | Huntington National Bank (The)<sup>(n)</sup>  | Huntington National Bank (The)<sup>(n)</sup>  | Huntington National Bank (The)<sup>(n)</sup>  |
| 04/12/2028 | &nbsp;&nbsp; 4.871% | 1249000 | &nbsp;&nbsp; 1259328 |
| ING Groep NV<sup>(n)</sup>  | ING Groep NV<sup>(n)</sup>  | ING Groep NV<sup>(n)</sup>  | ING Groep NV<sup>(n)</sup>  |
| 03/25/2029 | &nbsp;&nbsp; 4.858% | 1355000 | &nbsp;&nbsp; 1377303 |
| 03/25/2031 | &nbsp;&nbsp; 5.066% | 1200000 | &nbsp;&nbsp; 1237082 |
| Intesa Sanpaolo SpA<sup>(b),(n)</sup>  | Intesa Sanpaolo SpA<sup>(b),(n)</sup>  | Intesa Sanpaolo SpA<sup>(b),(n)</sup>  | Intesa Sanpaolo SpA<sup>(b),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 06/01/2032 | &nbsp;&nbsp; 4.198% | 1100000 | &nbsp;&nbsp; 1062478 |
| JPMorgan Chase & Co.<sup>(c),(m)</sup>  | JPMorgan Chase & Co.<sup>(c),(m)</sup>  | JPMorgan Chase & Co.<sup>(c),(m)</sup>  | JPMorgan Chase & Co.<sup>(c),(m)</sup>  |
| 3-month Term SOFR + 2.745% <br>| &nbsp;&nbsp; 6.406% | 2993000 | &nbsp;&nbsp; 3001936 |
| JPMorgan Chase & Co.<sup>(n)</sup>  | JPMorgan Chase & Co.<sup>(n)</sup>  | JPMorgan Chase & Co.<sup>(n)</sup>  | JPMorgan Chase & Co.<sup>(n)</sup>  |
| 04/22/2027 | &nbsp;&nbsp; 1.578% | 12650000 | &nbsp;&nbsp; 12606076 |
| 09/22/2027 | &nbsp;&nbsp; 1.470% | 1594000 | &nbsp;&nbsp; 1570930 |
| 02/24/2028 | &nbsp;&nbsp; 2.947% | 3559000 | &nbsp;&nbsp; 3523331 |
| 04/22/2028 | &nbsp;&nbsp; 5.571% | 1128000 | &nbsp;&nbsp; 1147437 |
| 01/23/2029 | &nbsp;&nbsp; 3.509% | 10345000 | &nbsp;&nbsp; 10257318 |
| 06/01/2029 | &nbsp;&nbsp; 2.069% | 1272000 | &nbsp;&nbsp; 1219447 |
| 12/05/2029 | &nbsp;&nbsp; 4.452% | 2014000 | &nbsp;&nbsp; 2035009 |
| 01/23/2030 | &nbsp;&nbsp; 5.012% | 885000 | &nbsp;&nbsp; 909382 |
| 04/22/2030 | &nbsp;&nbsp; 5.581% | 526000 | &nbsp;&nbsp; 549363 |
| 05/06/2030 | &nbsp;&nbsp; 3.702% | 470000 | &nbsp;&nbsp; 465172 |
| 07/22/2030 | &nbsp;&nbsp; 4.995% | 771000 | &nbsp;&nbsp; 794271 |
| 10/15/2030 | &nbsp;&nbsp; 2.739% | 2333000 | &nbsp;&nbsp; 2230329 |
| 10/22/2030 | &nbsp;&nbsp; 4.603% | 1209000 | &nbsp;&nbsp; 1230964 |
| 01/24/2031 | &nbsp;&nbsp; 5.140% | 289000 | &nbsp;&nbsp; 299859 |
| 11/19/2031 | &nbsp;&nbsp; 1.764% | 2885000 | &nbsp;&nbsp; 2584330 |
| 04/22/2032 | &nbsp;&nbsp; 2.580% | 6435000 | &nbsp;&nbsp; 5931434 |
| 11/08/2032 | &nbsp;&nbsp; 2.545% | 4325000 | &nbsp;&nbsp; 3938310 |
| 01/25/2033 | &nbsp;&nbsp; 2.963% | 2380000 | &nbsp;&nbsp; 2205496 |
| 04/22/2035 | &nbsp;&nbsp; 5.766% | 578000 | &nbsp;&nbsp; 618202 |
| 01/24/2036 | &nbsp;&nbsp; 5.502% | 510000 | &nbsp;&nbsp; 536126 |
| 04/22/2036 | &nbsp;&nbsp; 5.572% | 1360000 | &nbsp;&nbsp; 1435623 |
| 10/22/2036 | &nbsp;&nbsp; 4.810% | 7272000 | &nbsp;&nbsp; 7250912 |
| 01/22/2037 | &nbsp;&nbsp; 4.898% | 1682000 | &nbsp;&nbsp; 1691090 |
| 11/15/2048 | &nbsp;&nbsp; 3.964% | 2475000 | &nbsp;&nbsp; 2017020 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 02/05/2037 | &nbsp;&nbsp; 5.193% | 8291000 | &nbsp;&nbsp; 8378328 |
| KBC Group NV<sup>(b),(n)</sup>  | KBC Group NV<sup>(b),(n)</sup>  | KBC Group NV<sup>(b),(n)</sup>  | KBC Group NV<sup>(b),(n)</sup>  |
| 09/23/2031 | &nbsp;&nbsp; 4.454% | 7635000 | &nbsp;&nbsp; 7686715 |
| KeyCorp<sup>(n)</sup>  | KeyCorp<sup>(n)</sup>  | KeyCorp<sup>(n)</sup>  | KeyCorp<sup>(n)</sup>  |
| 03/06/2035 | &nbsp;&nbsp; 6.401% | 4925000 | &nbsp;&nbsp; 5363852 |
| 01/28/2037 | &nbsp;&nbsp; 5.305% | 1792000 | &nbsp;&nbsp; 1806587 |
| KeyCorp Capital I<sup>(c)</sup>  | KeyCorp Capital I<sup>(c)</sup>  | KeyCorp Capital I<sup>(c)</sup>  | KeyCorp Capital I<sup>(c)</sup>  |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 3-month Term SOFR + 1.002% <br>07/01/2028<br>| &nbsp;&nbsp; 4.662% | 1105000 | &nbsp;&nbsp; 1084226 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Lloyds Banking Group PLC<sup>(m),(n)</sup>  | Lloyds Banking Group PLC<sup>(m),(n)</sup>  | Lloyds Banking Group PLC<sup>(m),(n)</sup>  | Lloyds Banking Group PLC<sup>(m),(n)</sup>  |
|  | &nbsp;&nbsp; 8.000% | 1395000 | &nbsp;&nbsp; 1513044 |
| Lloyds Banking Group PLC<sup>(n)</sup>  | Lloyds Banking Group PLC<sup>(n)</sup>  | Lloyds Banking Group PLC<sup>(n)</sup>  | Lloyds Banking Group PLC<sup>(n)</sup>  |
| 02/10/2030 | &nbsp;&nbsp; 4.241% | 3528000 | &nbsp;&nbsp; 3545018 |
| M&T Bank Corp.<sup>(n)</sup>  | M&T Bank Corp.<sup>(n)</sup>  | M&T Bank Corp.<sup>(n)</sup>  | M&T Bank Corp.<sup>(n)</sup>  |
| 07/08/2031 | &nbsp;&nbsp; 5.179% | 2720000 | &nbsp;&nbsp; 2808688 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 07/30/2035 | &nbsp;&nbsp; 5.400% | 6109000 | &nbsp;&nbsp; 6199174 |
| Mitsubishi UFJ Financial Group, Inc.<sup>(n)</sup>  | Mitsubishi UFJ Financial Group, Inc.<sup>(n)</sup>  | Mitsubishi UFJ Financial Group, Inc.<sup>(n)</sup>  | Mitsubishi UFJ Financial Group, Inc.<sup>(n)</sup>  |
| 01/16/2031 | &nbsp;&nbsp; 5.197% | 600000 | &nbsp;&nbsp; 622275 |
| 01/14/2032 | &nbsp;&nbsp; 4.505% | 1460000 | &nbsp;&nbsp; 1474005 |
| 04/24/2036 | &nbsp;&nbsp; 5.615% | 2792000 | &nbsp;&nbsp; 2954845 |
| Mizuho Financial Group, Inc.<sup>(n)</sup>  | Mizuho Financial Group, Inc.<sup>(n)</sup>  | Mizuho Financial Group, Inc.<sup>(n)</sup>  | Mizuho Financial Group, Inc.<sup>(n)</sup>  |
| 07/06/2029 | &nbsp;&nbsp; 5.778% | 4740000 | &nbsp;&nbsp; 4929237 |
| 07/08/2031 | &nbsp;&nbsp; 5.047% | 6620000 | &nbsp;&nbsp; 6750949 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley | Morgan Stanley |
| 07/27/2026 | &nbsp;&nbsp; 3.125% | 301000 | &nbsp;&nbsp; 299993 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/08/2026 | &nbsp;&nbsp; 4.350% | 9045000 | &nbsp;&nbsp; 9054729 |
| Morgan Stanley<sup>(n)</sup>  | Morgan Stanley<sup>(n)</sup>  | Morgan Stanley<sup>(n)</sup>  | Morgan Stanley<sup>(n)</sup>  |
| 05/04/2027 | &nbsp;&nbsp; 1.593% | 2738000 | &nbsp;&nbsp; 2726045 |
| 07/20/2027 | &nbsp;&nbsp; 1.512% | 479000 | &nbsp;&nbsp; 474606 |
| 01/21/2028 | &nbsp;&nbsp; 2.475% | 777000 | &nbsp;&nbsp; 766687 |
| 07/22/2028 | &nbsp;&nbsp; 3.591% | 4460000 | &nbsp;&nbsp; 4433815 |
| 10/18/2028 | &nbsp;&nbsp; 6.296% | 406000 | &nbsp;&nbsp; 420652 |
| 01/24/2029 | &nbsp;&nbsp; 3.772% | 4315000 | &nbsp;&nbsp; 4297366 |
| 04/20/2029 | &nbsp;&nbsp; 5.164% | 791000 | &nbsp;&nbsp; 808766 |
| 07/20/2029 | &nbsp;&nbsp; 5.449% | 2410000 | &nbsp;&nbsp; 2485064 |
| 10/18/2029 | &nbsp;&nbsp; 4.133% | 242000 | &nbsp;&nbsp; 242347 |
| 01/16/2030 | &nbsp;&nbsp; 5.173% | 223000 | &nbsp;&nbsp; 229176 |
| 01/23/2030 | &nbsp;&nbsp; 4.431% | 2885000 | &nbsp;&nbsp; 2910136 |
| 07/19/2030 | &nbsp;&nbsp; 5.042% | 544000 | &nbsp;&nbsp; 559148 |
| 10/18/2030 | &nbsp;&nbsp; 4.654% | 2229000 | &nbsp;&nbsp; 2264820 |
| 01/15/2031 | &nbsp;&nbsp; 5.230% | 4170000 | &nbsp;&nbsp; 4317292 |
| 04/17/2031 | &nbsp;&nbsp; 5.192% | 180000 | &nbsp;&nbsp; 186390 |
| 01/16/2032 | &nbsp;&nbsp; 4.493% | 3957000 | &nbsp;&nbsp; 3977320 |
| 02/13/2032 | &nbsp;&nbsp; 1.794% | 78000 | &nbsp;&nbsp; 69052 |
| 04/28/2032 | &nbsp;&nbsp; 1.928% | 1899000 | &nbsp;&nbsp; 1684758 |
| 07/21/2032 | &nbsp;&nbsp; 2.239% | 6390000 | &nbsp;&nbsp; 5729764 |
| 10/20/2032 | &nbsp;&nbsp; 2.511% | 2605000 | &nbsp;&nbsp; 2361110 |
| 01/21/2033 | &nbsp;&nbsp; 2.943% | 3610000 | &nbsp;&nbsp; 3323947 |
| 04/21/2034 | &nbsp;&nbsp; 5.250% | 3865000 | &nbsp;&nbsp; 4000176 |
| 04/19/2035 | &nbsp;&nbsp; 5.831% | 2315000 | &nbsp;&nbsp; 2471961 |
| 01/18/2036 | &nbsp;&nbsp; 5.587% | 705000 | &nbsp;&nbsp; 740919 |
| 04/17/2036 | &nbsp;&nbsp; 5.664% | 1647000 | &nbsp;&nbsp; 1740490 |
| 01/30/2037 | &nbsp;&nbsp; 5.073% | 6986000 | &nbsp;&nbsp; 7044944 |
| 04/22/2039 | &nbsp;&nbsp; 4.457% | 156000 | &nbsp;&nbsp; 147756 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/16/2036 | &nbsp;&nbsp; 2.484% | 576000 | &nbsp;&nbsp; 509672 |
| Morgan Stanley Bank NA<sup>(n)</sup>  | Morgan Stanley Bank NA<sup>(n)</sup>  | Morgan Stanley Bank NA<sup>(n)</sup>  | Morgan Stanley Bank NA<sup>(n)</sup>  |
| 05/26/2028 | &nbsp;&nbsp; 5.504% | 275000 | &nbsp;&nbsp; 279941 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Morgan Stanley Private Bank<sup>(n)</sup>  | Morgan Stanley Private Bank<sup>(n)</sup>  | Morgan Stanley Private Bank<sup>(n)</sup>  | Morgan Stanley Private Bank<sup>(n)</sup>  |
| 11/17/2028 | &nbsp;&nbsp; 4.204% | 1000000 | &nbsp;&nbsp; 1003467 |
| 11/19/2031 | &nbsp;&nbsp; 4.465% | 10037000 | &nbsp;&nbsp; 10094256 |
| Morgan Stanley Private Bank NA<sup>(n)</sup>  | Morgan Stanley Private Bank NA<sup>(n)</sup>  | Morgan Stanley Private Bank NA<sup>(n)</sup>  | Morgan Stanley Private Bank NA<sup>(n)</sup>  |
| 07/18/2031 | &nbsp;&nbsp; 4.734% | 8555000 | &nbsp;&nbsp; 8708595 |
| National Bank of Canada | National Bank of Canada | National Bank of Canada | National Bank of Canada |
| 12/18/2028 | &nbsp;&nbsp; 5.600% | 1263000 | &nbsp;&nbsp; 1317847 |
| 10/10/2029 | &nbsp;&nbsp; 4.500% | 4260000 | &nbsp;&nbsp; 4327258 |
| Nationwide Building Society<sup>(b)</sup>  | Nationwide Building Society<sup>(b)</sup>  | Nationwide Building Society<sup>(b)</sup>  | Nationwide Building Society<sup>(b)</sup>  |
| 07/29/2029 | &nbsp;&nbsp; 5.127% | 3292000 | &nbsp;&nbsp; 3397815 |
| 09/30/2030 | &nbsp;&nbsp; 4.351% | 670000 | &nbsp;&nbsp; 674117 |
| NatWest Group PLC<sup>(n)</sup>  | NatWest Group PLC<sup>(n)</sup>  | NatWest Group PLC<sup>(n)</sup>  | NatWest Group PLC<sup>(n)</sup>  |
| 03/01/2035 | &nbsp;&nbsp; 5.778% | 968000 | &nbsp;&nbsp; 1029061 |
| NatWest Markets PLC<sup>(b)</sup>  | NatWest Markets PLC<sup>(b)</sup>  | NatWest Markets PLC<sup>(b)</sup>  | NatWest Markets PLC<sup>(b)</sup>  |
| 03/21/2028 | &nbsp;&nbsp; 4.789% | 4870000 | &nbsp;&nbsp; 4950741 |
| 05/17/2029 | &nbsp;&nbsp; 5.410% | 1651000 | &nbsp;&nbsp; 1717915 |
| Northern Trust Corp.<sup>(n)</sup>  | Northern Trust Corp.<sup>(n)</sup>  | Northern Trust Corp.<sup>(n)</sup>  | Northern Trust Corp.<sup>(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 11/19/2040 | &nbsp;&nbsp; 5.117% | 3825000 | &nbsp;&nbsp; 3832821 |
| PNC Financial Services Group, Inc. (The)<sup>(n)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(n)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(n)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(n)</sup>  |
| 06/12/2029 | &nbsp;&nbsp; 5.582% | 3120000 | &nbsp;&nbsp; 3230869 |
| 10/28/2033 | &nbsp;&nbsp; 6.037% | 1206000 | &nbsp;&nbsp; 1309061 |
| 07/21/2036 | &nbsp;&nbsp; 5.373% | 40000 | &nbsp;&nbsp; 41433 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 01/25/2041 | &nbsp;&nbsp; 5.423% | 1375000 | &nbsp;&nbsp; 1388416 |
| Royal Bank of Canada<sup>(n)</sup>  | Royal Bank of Canada<sup>(n)</sup>  | Royal Bank of Canada<sup>(n)</sup>  | Royal Bank of Canada<sup>(n)</sup>  |
| 08/06/2029 | &nbsp;&nbsp; 4.498% | 9250000 | &nbsp;&nbsp; 9362299 |
| 08/02/2030 | &nbsp;&nbsp; 4.969% | 652000 | &nbsp;&nbsp; 670408 |
| 10/18/2030 | &nbsp;&nbsp; 4.650% | 1268000 | &nbsp;&nbsp; 1292205 |
| 02/04/2031 | &nbsp;&nbsp; 5.153% | 847000 | &nbsp;&nbsp; 878080 |
| 08/06/2031 | &nbsp;&nbsp; 4.696% | 929000 | &nbsp;&nbsp; 949011 |
| Royal Bank of Scotland Group PLC<sup>(n)</sup>  | Royal Bank of Scotland Group PLC<sup>(n)</sup>  | Royal Bank of Scotland Group PLC<sup>(n)</sup>  | Royal Bank of Scotland Group PLC<sup>(n)</sup>  |
| 01/27/2030 | &nbsp;&nbsp; 5.076% | 799000 | &nbsp;&nbsp; 819327 |
| Santander UK Group Holdings PLC<sup>(n)</sup>  | Santander UK Group Holdings PLC<sup>(n)</sup>  | Santander UK Group Holdings PLC<sup>(n)</sup>  | Santander UK Group Holdings PLC<sup>(n)</sup>  |
| 06/14/2027 | &nbsp;&nbsp; 1.673% | 1762000 | &nbsp;&nbsp; 1749776 |
| 09/22/2036 | &nbsp;&nbsp; 5.136% | 2585000 | &nbsp;&nbsp; 2586903 |
| Societe Generale SA<sup>(b)</sup>  | Societe Generale SA<sup>(b)</sup>  | Societe Generale SA<sup>(b)</sup>  | Societe Generale SA<sup>(b)</sup>  |
| 02/19/2027 | &nbsp;&nbsp; 5.250% | 1110000 | &nbsp;&nbsp; 1122100 |
| Societe Generale SA<sup>(b),(n)</sup>  | Societe Generale SA<sup>(b),(n)</sup>  | Societe Generale SA<sup>(b),(n)</sup>  | Societe Generale SA<sup>(b),(n)</sup>  |
| 05/22/2031 | &nbsp;&nbsp; 5.512% | 5385000 | &nbsp;&nbsp; 5604231 |
| 06/09/2032 | &nbsp;&nbsp; 2.889% | 480000 | &nbsp;&nbsp; 440850 |
| 01/21/2033 | &nbsp;&nbsp; 3.337% | 10380000 | &nbsp;&nbsp; 9623795 |
| 01/10/2034 | &nbsp;&nbsp; 6.691% | 2130000 | &nbsp;&nbsp; 2338761 |
| Standard Chartered PLC<sup>(b),(n)</sup>  | Standard Chartered PLC<sup>(b),(n)</sup>  | Standard Chartered PLC<sup>(b),(n)</sup>  | Standard Chartered PLC<sup>(b),(n)</sup>  |
| 01/13/2030 | &nbsp;&nbsp; 4.299% | 5820000 | &nbsp;&nbsp; 5837907 |
| Standard Chartered PLC<sup>(b),(d),(n)</sup>  | Standard Chartered PLC<sup>(b),(d),(n)</sup>  | Standard Chartered PLC<sup>(b),(d),(n)</sup>  | Standard Chartered PLC<sup>(b),(d),(n)</sup>  |
| 06/05/2032 | &nbsp;&nbsp; 4.529% | 3595000 | &nbsp;&nbsp; 3601160 |
| 03/05/2047 | &nbsp;&nbsp; 5.706% | 1270000 | &nbsp;&nbsp; 1267729 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| State Street Corp. | State Street Corp. | State Street Corp. | State Street Corp. |
| 02/28/2030 | &nbsp;&nbsp; 4.729% | 706000 | &nbsp;&nbsp; 725530 |
| State Street Corp.<sup>(n)</sup>  | State Street Corp.<sup>(n)</sup>  | State Street Corp.<sup>(n)</sup>  | State Street Corp.<sup>(n)</sup>  |
| 10/22/2032 | &nbsp;&nbsp; 4.675% | 1264000 | &nbsp;&nbsp; 1291580 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 11/01/2034 | &nbsp;&nbsp; 3.031% | 2429000 | &nbsp;&nbsp; 2319850 |
| Sumitomo Mitsui Financial Group, Inc. | Sumitomo Mitsui Financial Group, Inc. | Sumitomo Mitsui Financial Group, Inc. | Sumitomo Mitsui Financial Group, Inc. |
| 07/16/2029 | &nbsp;&nbsp; 3.040% | 625000 | &nbsp;&nbsp; 605089 |
| 04/15/2030 | &nbsp;&nbsp; 5.240% | 1252000 | &nbsp;&nbsp; 1306501 |
| 07/09/2031 | &nbsp;&nbsp; 5.424% | 1349000 | &nbsp;&nbsp; 1420841 |
| 01/15/2032 | &nbsp;&nbsp; 5.454% | 782000 | &nbsp;&nbsp; 826013 |
| Sumitomo Mitsui Financial Group, Inc.<sup>(n)</sup>  | Sumitomo Mitsui Financial Group, Inc.<sup>(n)</sup>  | Sumitomo Mitsui Financial Group, Inc.<sup>(n)</sup>  | Sumitomo Mitsui Financial Group, Inc.<sup>(n)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 4.494% | 1220000 | &nbsp;&nbsp; 1232766 |
| 01/15/2037 | &nbsp;&nbsp; 5.046% | 1934000 | &nbsp;&nbsp; 1956684 |
| Sumitomo Mitsui Financial Group, Inc.<sup>(d),(n)</sup>  | Sumitomo Mitsui Financial Group, Inc.<sup>(d),(n)</sup>  | Sumitomo Mitsui Financial Group, Inc.<sup>(d),(n)</sup>  | Sumitomo Mitsui Financial Group, Inc.<sup>(d),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 03/03/2041 | &nbsp;&nbsp; 5.334% | 1766000 | &nbsp;&nbsp; 1773638 |
| Sumitomo Mitsui Trust Bank Ltd.<sup>(b)</sup>  | Sumitomo Mitsui Trust Bank Ltd.<sup>(b)</sup>  | Sumitomo Mitsui Trust Bank Ltd.<sup>(b)</sup>  | Sumitomo Mitsui Trust Bank Ltd.<sup>(b)</sup>  |
| 03/07/2027 | &nbsp;&nbsp; 5.200% | 3575000 | &nbsp;&nbsp; 3624093 |
| Sumitomo Mitsui Trust Bank Ltd.<sup>(b),(d)</sup>  | Sumitomo Mitsui Trust Bank Ltd.<sup>(b),(d)</sup>  | Sumitomo Mitsui Trust Bank Ltd.<sup>(b),(d)</sup>  | Sumitomo Mitsui Trust Bank Ltd.<sup>(b),(d)</sup>  |
| 03/05/2036 | &nbsp;&nbsp; 4.800% | 1241000 | &nbsp;&nbsp; 1236776 |
| Svenska Handelsbanken AB<sup>(b)</sup>  | Svenska Handelsbanken AB<sup>(b)</sup>  | Svenska Handelsbanken AB<sup>(b)</sup>  | Svenska Handelsbanken AB<sup>(b)</sup>  |
| 05/23/2028 | &nbsp;&nbsp; 4.375% | 4840000 | &nbsp;&nbsp; 4901393 |
| Swedbank AB<sup>(b)</sup>  | Swedbank AB<sup>(b)</sup>  | Swedbank AB<sup>(b)</sup>  | Swedbank AB<sup>(b)</sup>  |
| 09/12/2026 | &nbsp;&nbsp; 6.136% | 3305000 | &nbsp;&nbsp; 3342805 |
| 03/14/2029 | &nbsp;&nbsp; 5.407% | 3135000 | &nbsp;&nbsp; 3262796 |
| Synchrony Financial<sup>(n)</sup>  | Synchrony Financial<sup>(n)</sup>  | Synchrony Financial<sup>(n)</sup>  | Synchrony Financial<sup>(n)</sup>  |
| 08/02/2030 | &nbsp;&nbsp; 5.935% | 2560000 | &nbsp;&nbsp; 2656654 |
| 03/06/2031 | &nbsp;&nbsp; 5.450% | 1685000 | &nbsp;&nbsp; 1722081 |
| 02/25/2032 | &nbsp;&nbsp; 4.947% | 945000 | &nbsp;&nbsp; 938772 |
| Toronto-Dominion Bank (The) | Toronto-Dominion Bank (The) | Toronto-Dominion Bank (The) | Toronto-Dominion Bank (The) |
| 01/13/2031 | &nbsp;&nbsp; 4.411% | 6739000 | &nbsp;&nbsp; 6818769 |
| 01/30/2032 | &nbsp;&nbsp; 5.298% | 1098000 | &nbsp;&nbsp; 1154558 |
| Toronto-Dominion Bank (The)<sup>(n)</sup>  | Toronto-Dominion Bank (The)<sup>(n)</sup>  | Toronto-Dominion Bank (The)<sup>(n)</sup>  | Toronto-Dominion Bank (The)<sup>(n)</sup>  |
| 10/31/2085 | &nbsp;&nbsp; 6.350% | 4085000 | &nbsp;&nbsp; 4150557 |
| Truist Bank<sup>(n)</sup>  | Truist Bank<sup>(n)</sup>  | Truist Bank<sup>(n)</sup>  | Truist Bank<sup>(n)</sup>  |
| 07/24/2028 | &nbsp;&nbsp; 4.420% | 5535000 | &nbsp;&nbsp; 5567915 |
| Truist Financial Corp.<sup>(c)</sup>  | Truist Financial Corp.<sup>(c)</sup>  | Truist Financial Corp.<sup>(c)</sup>  | Truist Financial Corp.<sup>(c)</sup>  |
| SOFR + 0.609% <br>03/02/2027<br>| &nbsp;&nbsp; 4.279% | 265000 | &nbsp;&nbsp; 265000 |
| Truist Financial Corp.<sup>(n)</sup>  | Truist Financial Corp.<sup>(n)</sup>  | Truist Financial Corp.<sup>(n)</sup>  | Truist Financial Corp.<sup>(n)</sup>  |
| 10/30/2029 | &nbsp;&nbsp; 7.161% | 2365000 | &nbsp;&nbsp; 2544185 |
| 01/24/2030 | &nbsp;&nbsp; 5.435% | 2310000 | &nbsp;&nbsp; 2396042 |
| 10/23/2036 | &nbsp;&nbsp; 4.964% | 83000 | &nbsp;&nbsp; 82752 |
| U.S. Bancorp<sup>(m),(n)</sup>  | U.S. Bancorp<sup>(m),(n)</sup>  | U.S. Bancorp<sup>(m),(n)</sup>  | U.S. Bancorp<sup>(m),(n)</sup>  |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
|  | &nbsp;&nbsp; 5.300% | 2980000 | &nbsp;&nbsp; 2988641 |
| UBS Group AG<sup>(b),(m),(n)</sup>  | UBS Group AG<sup>(b),(m),(n)</sup>  | UBS Group AG<sup>(b),(m),(n)</sup>  | UBS Group AG<sup>(b),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 9.250% | 594000 | &nbsp;&nbsp; 649028 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| UBS Group AG<sup>(b),(n)</sup>  | UBS Group AG<sup>(b),(n)</sup>  | UBS Group AG<sup>(b),(n)</sup>  | UBS Group AG<sup>(b),(n)</sup>  | UBS Group AG<sup>(b),(n)</sup>  |
| 08/10/2027 | &nbsp;&nbsp; 1.494% |  | 460000 | &nbsp;&nbsp; 454839 |
| 11/06/2033 | &nbsp;&nbsp; 4.844% |  | 8530000 | &nbsp;&nbsp; 8601406 |
| US Bancorp<sup>(n)</sup>  | US Bancorp<sup>(n)</sup>  | US Bancorp<sup>(n)</sup>  | US Bancorp<sup>(n)</sup>  | US Bancorp<sup>(n)</sup>  |
| 01/26/2032 | &nbsp;&nbsp; 4.481% |  | 3906000 | &nbsp;&nbsp; 3950615 |
| 01/26/2037 | &nbsp;&nbsp; 5.033% |  | 2762000 | &nbsp;&nbsp; 2788614 |
| US Bank NA<sup>(n)</sup>  | US Bank NA<sup>(n)</sup>  | US Bank NA<sup>(n)</sup>  | US Bank NA<sup>(n)</sup>  | US Bank NA<sup>(n)</sup>  |
| 10/22/2027 | &nbsp;&nbsp; 4.507% |  | 5625000 | &nbsp;&nbsp; 5647414 |
| Wells Fargo & Co.<sup>(n)</sup>  | Wells Fargo & Co.<sup>(n)</sup>  | Wells Fargo & Co.<sup>(n)</sup>  | Wells Fargo & Co.<sup>(n)</sup>  | Wells Fargo & Co.<sup>(n)</sup>  |
| 05/22/2028 | &nbsp;&nbsp; 3.584% |  | 258000 | &nbsp;&nbsp; 256656 |
| 06/02/2028 | &nbsp;&nbsp; 2.393% |  | 8378000 | &nbsp;&nbsp; 8212381 |
| 07/25/2028 | &nbsp;&nbsp; 4.808% |  | 14890000 | &nbsp;&nbsp; 15047476 |
| 07/25/2029 | &nbsp;&nbsp; 5.574% |  | 1360000 | &nbsp;&nbsp; 1407409 |
| 10/23/2029 | &nbsp;&nbsp; 6.303% |  | 5615000 | &nbsp;&nbsp; 5922957 |
| 01/23/2030 | &nbsp;&nbsp; 4.182% |  | 5405000 | &nbsp;&nbsp; 5424260 |
| 02/11/2031 | &nbsp;&nbsp; 2.572% |  | 6775000 | &nbsp;&nbsp; 6376092 |
| 03/02/2033 | &nbsp;&nbsp; 3.350% |  | 845000 | &nbsp;&nbsp; 793506 |
| 07/25/2033 | &nbsp;&nbsp; 4.897% |  | 2740000 | &nbsp;&nbsp; 2793717 |
| 10/23/2034 | &nbsp;&nbsp; 6.491% |  | 221000 | &nbsp;&nbsp; 245369 |
| 01/23/2035 | &nbsp;&nbsp; 5.499% |  | 744000 | &nbsp;&nbsp; 778908 |
| 12/03/2035 | &nbsp;&nbsp; 5.211% |  | 7920000 | &nbsp;&nbsp; 8124354 |
| 04/23/2036 | &nbsp;&nbsp; 5.605% |  | 2845000 | &nbsp;&nbsp; 2993712 |
| 01/23/2037 | &nbsp;&nbsp; 4.960% |  | 2939000 | &nbsp;&nbsp; 2949132 |
| 04/30/2041 | &nbsp;&nbsp; 3.068% |  | 4650000 | &nbsp;&nbsp; 3627029 |
| 01/23/2047 | &nbsp;&nbsp; 5.433% |  | 3480000 | &nbsp;&nbsp; 3447649 |
| Westpac New Zealand Ltd.<sup>(b)</sup>  | Westpac New Zealand Ltd.<sup>(b)</sup>  | Westpac New Zealand Ltd.<sup>(b)</sup>  | Westpac New Zealand Ltd.<sup>(b)</sup>  | Westpac New Zealand Ltd.<sup>(b)</sup>  |
| 02/26/2027 | &nbsp;&nbsp; 5.132% |  | 1331000 | &nbsp;&nbsp; 1347418 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **884497815** |
| **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** |
| Apollo Global Management, Inc. | Apollo Global Management, Inc. | Apollo Global Management, Inc. | Apollo Global Management, Inc. | Apollo Global Management, Inc. |
| 08/12/2035 | &nbsp;&nbsp; 5.150% |  | 1845000 | &nbsp;&nbsp; 1827246 |
| BGC Group, Inc. | BGC Group, Inc. | BGC Group, Inc. | BGC Group, Inc. | BGC Group, Inc. |
| 04/02/2030 | &nbsp;&nbsp; 6.150% |  | 1415000 | &nbsp;&nbsp; 1472448 |
| Blackrock, Inc. | Blackrock, Inc. | Blackrock, Inc. | Blackrock, Inc. | Blackrock, Inc. |
| 07/18/2035 | &nbsp;&nbsp; 3.750% | EUR | 2430000 | &nbsp;&nbsp; 2952755 |
| Blackstone Holdings Finance Co. LLC<sup>(b)</sup>  | Blackstone Holdings Finance Co. LLC<sup>(b)</sup>  | Blackstone Holdings Finance Co. LLC<sup>(b)</sup>  | Blackstone Holdings Finance Co. LLC<sup>(b)</sup>  | Blackstone Holdings Finance Co. LLC<sup>(b)</sup>  |
| 08/05/2028 | &nbsp;&nbsp; 1.625% |  | 354000 | &nbsp;&nbsp; 334233 |
| 01/10/2030 | &nbsp;&nbsp; 2.500% |  | 123000 | &nbsp;&nbsp; 115835 |
| 01/30/2032 | &nbsp;&nbsp; 2.000% |  | 1101000 | &nbsp;&nbsp; 956602 |
| Brookfield Asset Management Ltd. | Brookfield Asset Management Ltd. | Brookfield Asset Management Ltd. | Brookfield Asset Management Ltd. | Brookfield Asset Management Ltd. |
| 11/15/2030 | &nbsp;&nbsp; 4.653% |  | 3867000 | &nbsp;&nbsp; 3915962 |
| 01/15/2036 | &nbsp;&nbsp; 5.298% |  | 1478000 | &nbsp;&nbsp; 1470839 |
| Brookfield Finance, Inc. | Brookfield Finance, Inc. | Brookfield Finance, Inc. | Brookfield Finance, Inc. | Brookfield Finance, Inc. |
| 06/02/2026 | &nbsp;&nbsp; 4.250% |  | 750000 | &nbsp;&nbsp; 750133 |
| Cantor Fitzgerald LP<sup>(b)</sup>  | Cantor Fitzgerald LP<sup>(b)</sup>  | Cantor Fitzgerald LP<sup>(b)</sup>  | Cantor Fitzgerald LP<sup>(b)</sup>  | Cantor Fitzgerald LP<sup>(b)</sup>  |
| 12/12/2028 | &nbsp;&nbsp; 7.200% |  | 2300000 | &nbsp;&nbsp; 2442420 |
| Charles Schwab Corp. (The)<sup>(n)</sup>  | Charles Schwab Corp. (The)<sup>(n)</sup>  | Charles Schwab Corp. (The)<sup>(n)</sup>  | Charles Schwab Corp. (The)<sup>(n)</sup>  | Charles Schwab Corp. (The)<sup>(n)</sup>  |
| 11/17/2029 | &nbsp;&nbsp; 6.196% |  | 418000 | &nbsp;&nbsp; 442541 |
| CME Group, Inc. | CME Group, Inc. | CME Group, Inc. | CME Group, Inc. | CME Group, Inc. |
| 03/15/2030 | &nbsp;&nbsp; 4.400% |  | 1906000 | &nbsp;&nbsp; 1940881 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Depository Trust & Clearing Corp. (The)<sup>(b),(m),(n)</sup>  | Depository Trust & Clearing Corp. (The)<sup>(b),(m),(n)</sup>  | Depository Trust & Clearing Corp. (The)<sup>(b),(m),(n)</sup>  | Depository Trust & Clearing Corp. (The)<sup>(b),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 3.375% | 673000 | &nbsp;&nbsp; 668903 |
| EQT AB<sup>(b)</sup>  | EQT AB<sup>(b)</sup>  | EQT AB<sup>(b)</sup>  | EQT AB<sup>(b)</sup>  |
| 05/08/2035 | &nbsp;&nbsp; 5.850% | 1142000 | &nbsp;&nbsp; 1167501 |
| Focus Financial Partners LLC<sup>(b)</sup>  | Focus Financial Partners LLC<sup>(b)</sup>  | Focus Financial Partners LLC<sup>(b)</sup>  | Focus Financial Partners LLC<sup>(b)</sup>  |
| 09/15/2031 | &nbsp;&nbsp; 6.750% | 830000 | &nbsp;&nbsp; 829379 |
| Hunt Companies, Inc.<sup>(b)</sup>  | Hunt Companies, Inc.<sup>(b)</sup>  | Hunt Companies, Inc.<sup>(b)</sup>  | Hunt Companies, Inc.<sup>(b)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 5.250% | 2075000 | &nbsp;&nbsp; 1976800 |
| Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. |
| 06/15/2030 | &nbsp;&nbsp; 2.100% | 1745000 | &nbsp;&nbsp; 1613318 |
| Jane Street Group/Finance, Inc.<sup>(b)</sup>  | Jane Street Group/Finance, Inc.<sup>(b)</sup>  | Jane Street Group/Finance, Inc.<sup>(b)</sup>  | Jane Street Group/Finance, Inc.<sup>(b)</sup>  |
| 05/01/2033 | &nbsp;&nbsp; 6.750% | 1280000 | &nbsp;&nbsp; 1313238 |
| Jane Street Group/JSG Finance, Inc.<sup>(b)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(b)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(b)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(b)</sup>  |
| 04/30/2031 | &nbsp;&nbsp; 7.125% | 800000 | &nbsp;&nbsp; 828785 |
| Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. |
| 07/21/2028 | &nbsp;&nbsp; 5.875% | 3660000 | &nbsp;&nbsp; 3783668 |
| 02/15/2036 | &nbsp;&nbsp; 5.500% | 1935000 | &nbsp;&nbsp; 1898386 |
| KKR & Co., Inc. | KKR & Co., Inc. | KKR & Co., Inc. | KKR & Co., Inc. |
| 08/07/2035 | &nbsp;&nbsp; 5.100% | 2778000 | &nbsp;&nbsp; 2740948 |
| LPL Holdings, Inc. | LPL Holdings, Inc. | LPL Holdings, Inc. | LPL Holdings, Inc. |
| 05/20/2027 | &nbsp;&nbsp; 5.700% | 791000 | &nbsp;&nbsp; 803307 |
| 03/15/2030 | &nbsp;&nbsp; 5.200% | 1194000 | &nbsp;&nbsp; 1221136 |
| 06/15/2030 | &nbsp;&nbsp; 5.150% | 4087000 | &nbsp;&nbsp; 4169942 |
| Marex Group PLC | Marex Group PLC | Marex Group PLC | Marex Group PLC |
| 05/08/2028 | &nbsp;&nbsp; 5.829% | 2900000 | &nbsp;&nbsp; 2957565 |
| 11/04/2029 | &nbsp;&nbsp; 6.404% | 3040000 | &nbsp;&nbsp; 3181368 |
| National Securities Clearing Corp.<sup>(b)</sup>  | National Securities Clearing Corp.<sup>(b)</sup>  | National Securities Clearing Corp.<sup>(b)</sup>  | National Securities Clearing Corp.<sup>(b)</sup>  |
| 05/20/2030 | &nbsp;&nbsp; 4.700% | 842000 | &nbsp;&nbsp; 866647 |
| Nomura Holdings, Inc. | Nomura Holdings, Inc. | Nomura Holdings, Inc. | Nomura Holdings, Inc. |
| 07/12/2028 | &nbsp;&nbsp; 6.070% | 7560000 | &nbsp;&nbsp; 7894395 |
| 07/14/2031 | &nbsp;&nbsp; 2.608% | 1100000 | &nbsp;&nbsp; 1003423 |
| Nuveen LLC<sup>(b)</sup>  | Nuveen LLC<sup>(b)</sup>  | Nuveen LLC<sup>(b)</sup>  | Nuveen LLC<sup>(b)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 5.550% | 826000 | &nbsp;&nbsp; 861891 |
| Raymond James Financial, Inc. | Raymond James Financial, Inc. | Raymond James Financial, Inc. | Raymond James Financial, Inc. |
| 09/11/2055 | &nbsp;&nbsp; 5.650% | 2401000 | &nbsp;&nbsp; 2343116 |
| Stifel Financial Corp. | Stifel Financial Corp. | Stifel Financial Corp. | Stifel Financial Corp. |
| 05/15/2030 | &nbsp;&nbsp; 4.000% | 3755000 | &nbsp;&nbsp; 3697675 |
| TPG Operating Group II LP | TPG Operating Group II LP | TPG Operating Group II LP | TPG Operating Group II LP |
| 05/15/2031 | &nbsp;&nbsp; 4.875% | 1550000 | &nbsp;&nbsp; 1556667 |
| 01/15/2036 | &nbsp;&nbsp; 5.375% | 4755000 | &nbsp;&nbsp; 4703059 |
| VFH Parent LLC/Valor Co-Issuer, Inc.<sup>(b)</sup>  | VFH Parent LLC/Valor Co-Issuer, Inc.<sup>(b)</sup>  | VFH Parent LLC/Valor Co-Issuer, Inc.<sup>(b)</sup>  | VFH Parent LLC/Valor Co-Issuer, Inc.<sup>(b)</sup>  |
| 06/15/2031 | &nbsp;&nbsp; 7.500% | 645000 | &nbsp;&nbsp; 673264 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **71376276** |
| **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** |
| AmeriTex HoldCo Intermediate LLC<sup>(b)</sup>  | AmeriTex HoldCo Intermediate LLC<sup>(b)</sup>  | AmeriTex HoldCo Intermediate LLC<sup>(b)</sup>  | AmeriTex HoldCo Intermediate LLC<sup>(b)</sup>  |
| 08/15/2033 | &nbsp;&nbsp; 7.625% | 590000 | &nbsp;&nbsp; 618832 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Camelot Return Merger Sub, Inc.<sup>(b)</sup>  | Camelot Return Merger Sub, Inc.<sup>(b)</sup>  | Camelot Return Merger Sub, Inc.<sup>(b)</sup>  | Camelot Return Merger Sub, Inc.<sup>(b)</sup>  |
| 08/01/2028 | &nbsp;&nbsp; 8.750% | 1544000 | &nbsp;&nbsp; 1164870 |
| Cemex SAB de CV<sup>(b),(m),(n)</sup>  | Cemex SAB de CV<sup>(b),(m),(n)</sup>  | Cemex SAB de CV<sup>(b),(m),(n)</sup>  | Cemex SAB de CV<sup>(b),(m),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
|  | &nbsp;&nbsp; 7.200% | 950000 | &nbsp;&nbsp; 1000380 |
| CRH SMW Finance DAC | CRH SMW Finance DAC | CRH SMW Finance DAC | CRH SMW Finance DAC |
| 05/21/2029 | &nbsp;&nbsp; 5.200% | 980000 | &nbsp;&nbsp; 1015091 |
| Fortune Brands Home & Security, Inc. | Fortune Brands Home & Security, Inc. | Fortune Brands Home & Security, Inc. | Fortune Brands Home & Security, Inc. |
| 03/25/2032 | &nbsp;&nbsp; 4.000% | 472000 | &nbsp;&nbsp; 458509 |
| Fortune Brands Innovations, Inc. | Fortune Brands Innovations, Inc. | Fortune Brands Innovations, Inc. | Fortune Brands Innovations, Inc. |
| 09/15/2029 | &nbsp;&nbsp; 3.250% | 2098000 | &nbsp;&nbsp; 2032331 |
| Martin Marietta Materials, Inc. | Martin Marietta Materials, Inc. | Martin Marietta Materials, Inc. | Martin Marietta Materials, Inc. |
| 07/15/2031 | &nbsp;&nbsp; 2.400% | 2800000 | &nbsp;&nbsp; 2548583 |
| Mohawk Industries, Inc. | Mohawk Industries, Inc. | Mohawk Industries, Inc. | Mohawk Industries, Inc. |
| 09/18/2028 | &nbsp;&nbsp; 5.850% | 233000 | &nbsp;&nbsp; 242581 |
| Quikrete Holdings, Inc.<sup>(b)</sup>  | Quikrete Holdings, Inc.<sup>(b)</sup>  | Quikrete Holdings, Inc.<sup>(b)</sup>  | Quikrete Holdings, Inc.<sup>(b)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 6.375% | 2010000 | &nbsp;&nbsp; 2089279 |
| 03/01/2033 | &nbsp;&nbsp; 6.750% | 190000 | &nbsp;&nbsp; 197459 |
| Smyrna Ready Mix Concrete LLC<sup>(b)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 8.875% | 650000 | &nbsp;&nbsp; 690312 |
| Standard Building Solutions, Inc.<sup>(b)</sup>  | Standard Building Solutions, Inc.<sup>(b)</sup>  | Standard Building Solutions, Inc.<sup>(b)</sup>  | Standard Building Solutions, Inc.<sup>(b)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.500% | 250000 | &nbsp;&nbsp; 257556 |
| Standard Industries, Inc.<sup>(b)</sup>  | Standard Industries, Inc.<sup>(b)</sup>  | Standard Industries, Inc.<sup>(b)</sup>  | Standard Industries, Inc.<sup>(b)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 4.375% | 2880000 | &nbsp;&nbsp; 2779020 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **15094803** |
| **Cable and Satellite 0.6%** | **Cable and Satellite 0.6%** | **Cable and Satellite 0.6%** | **Cable and Satellite 0.6%** |
| CCO Holdings LLC/Capital Corp.<sup>(b)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(b)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(b)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(b)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 5.375% | 100000 | &nbsp;&nbsp; 99788 |
| CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. |
| 05/01/2032 | &nbsp;&nbsp; 4.500% | 1710000 | &nbsp;&nbsp; 1565771 |
| Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC |
| 06/01/2034 | &nbsp;&nbsp; 6.550% | 1467000 | &nbsp;&nbsp; 1559475 |
| 12/01/2061 | &nbsp;&nbsp; 4.400% | 284000 | &nbsp;&nbsp; 190300 |
| Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital |
| 01/15/2029 | &nbsp;&nbsp; 2.250% | 2463000 | &nbsp;&nbsp; 2324808 |
| 06/01/2029 | &nbsp;&nbsp; 6.100% | 4731000 | &nbsp;&nbsp; 4957160 |
| 04/01/2031 | &nbsp;&nbsp; 2.800% | 4122000 | &nbsp;&nbsp; 3747385 |
| 12/01/2035 | &nbsp;&nbsp; 5.850% | 1000000 | &nbsp;&nbsp; 1006199 |
| 03/01/2042 | &nbsp;&nbsp; 3.500% | 2460000 | &nbsp;&nbsp; 1738186 |
| 10/23/2045 | &nbsp;&nbsp; 6.484% | 2580000 | &nbsp;&nbsp; 2453998 |
| 05/01/2047 | &nbsp;&nbsp; 5.375% | 1711000 | &nbsp;&nbsp; 1428111 |
| 03/01/2050 | &nbsp;&nbsp; 4.800% | 2492000 | &nbsp;&nbsp; 1900029 |
| 04/01/2051 | &nbsp;&nbsp; 3.700% | 1670000 | &nbsp;&nbsp; 1081001 |
| 06/01/2052 | &nbsp;&nbsp; 3.900% | 1383000 | &nbsp;&nbsp; 908507 |
| 04/01/2053 | &nbsp;&nbsp; 5.250% | 810000 | &nbsp;&nbsp; 654325 |
| 12/01/2055 | &nbsp;&nbsp; 6.700% | 2130000 | &nbsp;&nbsp; 2076073 |
| 04/01/2061 | &nbsp;&nbsp; 3.850% | 274000 | &nbsp;&nbsp; 165540 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. |
| 02/01/2030 | &nbsp;&nbsp; 2.650% | 474000 | &nbsp;&nbsp; 450861 |
| 01/15/2031 | &nbsp;&nbsp; 1.950% | 426000 | &nbsp;&nbsp; 385047 |
| 02/15/2031 | &nbsp;&nbsp; 1.500% | 459000 | &nbsp;&nbsp; 405088 |
| 06/01/2034 | &nbsp;&nbsp; 5.300% | 403000 | &nbsp;&nbsp; 420768 |
| 07/15/2036 | &nbsp;&nbsp; 3.200% | 220000 | &nbsp;&nbsp; 190955 |
| 03/01/2038 | &nbsp;&nbsp; 3.900% | 234000 | &nbsp;&nbsp; 207888 |
| 02/01/2050 | &nbsp;&nbsp; 3.450% | 1900000 | &nbsp;&nbsp; 1302993 |
| Cox Communications, Inc.<sup>(b)</sup>  | Cox Communications, Inc.<sup>(b)</sup>  | Cox Communications, Inc.<sup>(b)</sup>  | Cox Communications, Inc.<sup>(b)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 1.800% | 282000 | &nbsp;&nbsp; 249613 |
| 09/01/2034 | &nbsp;&nbsp; 5.450% | 10310000 | &nbsp;&nbsp; 10205267 |
| 09/01/2054 | &nbsp;&nbsp; 5.950% | 5165000 | &nbsp;&nbsp; 4601262 |
| CSC Holdings LLC<sup>(b)</sup>  | CSC Holdings LLC<sup>(b)</sup>  | CSC Holdings LLC<sup>(b)</sup>  | CSC Holdings LLC<sup>(b)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 5.500% | 3550000 | &nbsp;&nbsp; 3003373 |
| 02/01/2028 | &nbsp;&nbsp; 5.375% | 850000 | &nbsp;&nbsp; 612099 |
| 01/31/2029 | &nbsp;&nbsp; 11.750% | 4604000 | &nbsp;&nbsp; 3281160 |
| 02/01/2029 | &nbsp;&nbsp; 6.500% | 3166000 | &nbsp;&nbsp; 1998205 |
| 01/15/2030 | &nbsp;&nbsp; 5.750% | 903000 | &nbsp;&nbsp; 349334 |
| 12/01/2030 | &nbsp;&nbsp; 4.125% | 500000 | &nbsp;&nbsp; 307770 |
| 12/01/2030 | &nbsp;&nbsp; 4.625% | 2225000 | &nbsp;&nbsp; 823384 |
| 02/15/2031 | &nbsp;&nbsp; 3.375% | 400000 | &nbsp;&nbsp; 239045 |
| DirecTV Financing LLC<sup>(b)</sup>  | DirecTV Financing LLC<sup>(b)</sup>  | DirecTV Financing LLC<sup>(b)</sup>  | DirecTV Financing LLC<sup>(b)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 8.875% | 1375000 | &nbsp;&nbsp; 1378292 |
| DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. |
| 07/01/2026 | &nbsp;&nbsp; 7.750% | 5414000 | &nbsp;&nbsp; 5355742 |
| 07/01/2028 | &nbsp;&nbsp; 7.375% | 300000 | &nbsp;&nbsp; 290111 |
| 06/01/2029 | &nbsp;&nbsp; 5.125% | 675000 | &nbsp;&nbsp; 600884 |
| DISH Network Corp.<sup>(b)</sup>  | DISH Network Corp.<sup>(b)</sup>  | DISH Network Corp.<sup>(b)</sup>  | DISH Network Corp.<sup>(b)</sup>  |
| 11/15/2027 | &nbsp;&nbsp; 11.750% | 3516000 | &nbsp;&nbsp; 3631603 |
| EchoStar Corp. | EchoStar Corp. | EchoStar Corp. | EchoStar Corp. |
| 11/30/2029 | &nbsp;&nbsp; 10.750% | 5295800 | &nbsp;&nbsp; 5783850 |
| Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC |
| 11/15/2040 | &nbsp;&nbsp; 5.875% | 1980000 | &nbsp;&nbsp; 1859021 |
| 09/01/2041 | &nbsp;&nbsp; 5.500% | 2920000 | &nbsp;&nbsp; 2615631 |
| 09/15/2042 | &nbsp;&nbsp; 4.500% | 1770000 | &nbsp;&nbsp; 1397596 |
| Viasat, Inc.<sup>(b)</sup>  | Viasat, Inc.<sup>(b)</sup>  | Viasat, Inc.<sup>(b)</sup>  | Viasat, Inc.<sup>(b)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 5.625% | 825000 | &nbsp;&nbsp; 823707 |
| Virgin Media O2 Vendor Financing Notes VI DAC<sup>(b)</sup>  | Virgin Media O2 Vendor Financing Notes VI DAC<sup>(b)</sup>  | Virgin Media O2 Vendor Financing Notes VI DAC<sup>(b)</sup>  | Virgin Media O2 Vendor Financing Notes VI DAC<sup>(b)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 8.500% | 592000 | &nbsp;&nbsp; 544730 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **81171935** |
| **Chemicals 0.4%** | **Chemicals 0.4%** | **Chemicals 0.4%** | **Chemicals 0.4%** |
| 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>  |
| 01/10/2028 | &nbsp;&nbsp; 4.500% | 356000 | &nbsp;&nbsp; 161494 |
| 01/31/2030 | &nbsp;&nbsp; 4.500% | 907000 | &nbsp;&nbsp; 386150 |
| 01/12/2031 | &nbsp;&nbsp; 8.500% | 5224000 | &nbsp;&nbsp; 2223976 |
| Cabot Corp. | Cabot Corp. | Cabot Corp. | Cabot Corp. |
| 07/01/2029 | &nbsp;&nbsp; 4.000% | 1810000 | &nbsp;&nbsp; 1809397 |
| CF Industries, Inc. | CF Industries, Inc. | CF Industries, Inc. | CF Industries, Inc. |
| 03/15/2034 | &nbsp;&nbsp; 5.150% | 3125000 | &nbsp;&nbsp; 3178910 |
| 06/01/2043 | &nbsp;&nbsp; 4.950% | 1340000 | &nbsp;&nbsp; 1229284 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Chemours Co. (The)<sup>(b)</sup>  | Chemours Co. (The)<sup>(b)</sup>  | Chemours Co. (The)<sup>(b)</sup>  | Chemours Co. (The)<sup>(b)</sup>  | Chemours Co. (The)<sup>(b)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 8.000% |  | 285000 | &nbsp;&nbsp; 289876 |
| Chemours Co. (The)<sup>(b),(d)</sup>  | Chemours Co. (The)<sup>(b),(d)</sup>  | Chemours Co. (The)<sup>(b),(d)</sup>  | Chemours Co. (The)<sup>(b),(d)</sup>  | Chemours Co. (The)<sup>(b),(d)</sup>  |
| 03/15/2034 | &nbsp;&nbsp; 7.875% |  | 555000 | &nbsp;&nbsp; 553701 |
| Dow Chemical Co. (The) | Dow Chemical Co. (The) | Dow Chemical Co. (The) | Dow Chemical Co. (The) | Dow Chemical Co. (The) |
| 01/15/2031 | &nbsp;&nbsp; 4.800% |  | 2629000 | &nbsp;&nbsp; 2623349 |
| DuPont de Nemours, Inc.<sup>(b)</sup>  | DuPont de Nemours, Inc.<sup>(b)</sup>  | DuPont de Nemours, Inc.<sup>(b)</sup>  | DuPont de Nemours, Inc.<sup>(b)</sup>  | DuPont de Nemours, Inc.<sup>(b)</sup>  |
| 11/15/2028 | &nbsp;&nbsp; 4.725% |  | 2350000 | &nbsp;&nbsp; 2382091 |
| Dyno Nobel Ltd. | Dyno Nobel Ltd. | Dyno Nobel Ltd. | Dyno Nobel Ltd. | Dyno Nobel Ltd. |
| 11/08/2032 | &nbsp;&nbsp; 5.400% | AUD | 1400000 | &nbsp;&nbsp; 984441 |
| Eastman Chemical Co. | Eastman Chemical Co. | Eastman Chemical Co. | Eastman Chemical Co. | Eastman Chemical Co. |
| 08/01/2029 | &nbsp;&nbsp; 5.000% |  | 1185000 | &nbsp;&nbsp; 1216323 |
| 02/20/2031 | &nbsp;&nbsp; 4.500% |  | 6165000 | &nbsp;&nbsp; 6168925 |
| FMC Corp. | FMC Corp. | FMC Corp. | FMC Corp. | FMC Corp. |
| 10/01/2049 | &nbsp;&nbsp; 4.500% |  | 160000 | &nbsp;&nbsp; 98220 |
| International Flavors & Fragrances, Inc.<sup>(b)</sup>  | International Flavors & Fragrances, Inc.<sup>(b)</sup>  | International Flavors & Fragrances, Inc.<sup>(b)</sup>  | International Flavors & Fragrances, Inc.<sup>(b)</sup>  | International Flavors & Fragrances, Inc.<sup>(b)</sup>  |
| 10/15/2027 | &nbsp;&nbsp; 1.832% |  | 455000 | &nbsp;&nbsp; 439090 |
| 11/01/2030 | &nbsp;&nbsp; 2.300% |  | 5075000 | &nbsp;&nbsp; 4631462 |
| 11/15/2040 | &nbsp;&nbsp; 3.268% |  | 365000 | &nbsp;&nbsp; 286703 |
| LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC |
| 01/15/2031 | &nbsp;&nbsp; 5.125% |  | 1432000 | &nbsp;&nbsp; 1455805 |
| 03/01/2034 | &nbsp;&nbsp; 5.500% |  | 4025000 | &nbsp;&nbsp; 4053571 |
| Mosaic Co. (The) | Mosaic Co. (The) | Mosaic Co. (The) | Mosaic Co. (The) | Mosaic Co. (The) |
| 01/15/2029 | &nbsp;&nbsp; 4.350% |  | 1707000 | &nbsp;&nbsp; 1720577 |
| Nutrien Ltd. | Nutrien Ltd. | Nutrien Ltd. | Nutrien Ltd. | Nutrien Ltd. |
| 12/01/2036 | &nbsp;&nbsp; 5.875% |  | 82000 | &nbsp;&nbsp; 87244 |
| Olin Corp.<sup>(b)</sup>  | Olin Corp.<sup>(b)</sup>  | Olin Corp.<sup>(b)</sup>  | Olin Corp.<sup>(b)</sup>  | Olin Corp.<sup>(b)</sup>  |
| 04/01/2033 | &nbsp;&nbsp; 6.625% |  | 1000000 | &nbsp;&nbsp; 977070 |
| Olympus Water US Holding Corp.<sup>(b)</sup>  | Olympus Water US Holding Corp.<sup>(b)</sup>  | Olympus Water US Holding Corp.<sup>(b)</sup>  | Olympus Water US Holding Corp.<sup>(b)</sup>  | Olympus Water US Holding Corp.<sup>(b)</sup>  |
| 06/15/2031 | &nbsp;&nbsp; 7.250% |  | 1000000 | &nbsp;&nbsp; 1023622 |
| PPG Industries, Inc. | PPG Industries, Inc. | PPG Industries, Inc. | PPG Industries, Inc. | PPG Industries, Inc. |
| 03/15/2031 | &nbsp;&nbsp; 4.375% |  | 1567000 | &nbsp;&nbsp; 1574696 |
| Qnity Electronics, Inc.<sup>(b)</sup>  | Qnity Electronics, Inc.<sup>(b)</sup>  | Qnity Electronics, Inc.<sup>(b)</sup>  | Qnity Electronics, Inc.<sup>(b)</sup>  | Qnity Electronics, Inc.<sup>(b)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 5.750% |  | 380000 | &nbsp;&nbsp; 388807 |
| 08/15/2033 | &nbsp;&nbsp; 6.250% |  | 230000 | &nbsp;&nbsp; 238969 |
| Sasol Financing USA LLC | Sasol Financing USA LLC | Sasol Financing USA LLC | Sasol Financing USA LLC | Sasol Financing USA LLC |
| 09/27/2028 | &nbsp;&nbsp; 6.500% |  | 2550000 | &nbsp;&nbsp; 2532744 |
| Sociedad Quimica y Minera de Chile SA<sup>(b),(n)</sup>  | Sociedad Quimica y Minera de Chile SA<sup>(b),(n)</sup>  | Sociedad Quimica y Minera de Chile SA<sup>(b),(n)</sup>  | Sociedad Quimica y Minera de Chile SA<sup>(b),(n)</sup>  | Sociedad Quimica y Minera de Chile SA<sup>(b),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 04/22/2056 | &nbsp;&nbsp; 5.625% |  | 1175000 | &nbsp;&nbsp; 1190878 |
| Solstice Advanced Materials, Inc.<sup>(b)</sup>  | Solstice Advanced Materials, Inc.<sup>(b)</sup>  | Solstice Advanced Materials, Inc.<sup>(b)</sup>  | Solstice Advanced Materials, Inc.<sup>(b)</sup>  | Solstice Advanced Materials, Inc.<sup>(b)</sup>  |
| 09/30/2033 | &nbsp;&nbsp; 5.625% |  | 680000 | &nbsp;&nbsp; 687762 |
| Westlake Corp. | Westlake Corp. | Westlake Corp. | Westlake Corp. | Westlake Corp. |
| 11/15/2055 | &nbsp;&nbsp; 6.375% |  | 3830000 | &nbsp;&nbsp; 3836885 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **48432022** |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Construction Machinery 0.2%** | **Construction Machinery 0.2%** | **Construction Machinery 0.2%** | **Construction Machinery 0.2%** |
| AGCO Corp. | AGCO Corp. | AGCO Corp. | AGCO Corp. |
| 03/21/2027 | &nbsp;&nbsp; 5.450% | 848000 | &nbsp;&nbsp; 858053 |
| Alta Equipment Group, Inc.<sup>(b)</sup>  | Alta Equipment Group, Inc.<sup>(b)</sup>  | Alta Equipment Group, Inc.<sup>(b)</sup>  | Alta Equipment Group, Inc.<sup>(b)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 9.000% | 1010000 | &nbsp;&nbsp; 957385 |
| Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. |
| 11/15/2029 | &nbsp;&nbsp; 4.700% | 626000 | &nbsp;&nbsp; 644969 |
| CNH Industrial Capital LLC | CNH Industrial Capital LLC | CNH Industrial Capital LLC | CNH Industrial Capital LLC |
| 03/21/2028 | &nbsp;&nbsp; 4.750% | 2345000 | &nbsp;&nbsp; 2376453 |
| 01/12/2029 | &nbsp;&nbsp; 5.500% | 1149000 | &nbsp;&nbsp; 1192088 |
| 04/20/2029 | &nbsp;&nbsp; 5.100% | 1263000 | &nbsp;&nbsp; 1298821 |
| 10/16/2030 | &nbsp;&nbsp; 4.500% | 4157000 | &nbsp;&nbsp; 4188279 |
| Herc Holdings, Inc.<sup>(b)</sup>  | Herc Holdings, Inc.<sup>(b)</sup>  | Herc Holdings, Inc.<sup>(b)</sup>  | Herc Holdings, Inc.<sup>(b)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 7.000% | 900000 | &nbsp;&nbsp; 942887 |
| 03/15/2031 | &nbsp;&nbsp; 5.750% | 1065000 | &nbsp;&nbsp; 1079670 |
| 06/15/2033 | &nbsp;&nbsp; 7.250% | 975000 | &nbsp;&nbsp; 1029076 |
| 03/15/2034 | &nbsp;&nbsp; 6.000% | 195000 | &nbsp;&nbsp; 196123 |
| John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. |
| 06/11/2029 | &nbsp;&nbsp; 4.850% | 816000 | &nbsp;&nbsp; 842324 |
| 06/10/2030 | &nbsp;&nbsp; 4.700% | 1810000 | &nbsp;&nbsp; 1866513 |
| 03/07/2031 | &nbsp;&nbsp; 4.900% | 1490000 | &nbsp;&nbsp; 1552027 |
| 09/08/2031 | &nbsp;&nbsp; 4.400% | 1023000 | &nbsp;&nbsp; 1042766 |
| Maxim Crane Works Holdings Capital LLC<sup>(b)</sup>  | Maxim Crane Works Holdings Capital LLC<sup>(b)</sup>  | Maxim Crane Works Holdings Capital LLC<sup>(b)</sup>  | Maxim Crane Works Holdings Capital LLC<sup>(b)</sup>  |
| 09/01/2028 | &nbsp;&nbsp; 11.500% | 975000 | &nbsp;&nbsp; 1031822 |
| Oregon Tool Lux LP<sup>(b)</sup>  | Oregon Tool Lux LP<sup>(b)</sup>  | Oregon Tool Lux LP<sup>(b)</sup>  | Oregon Tool Lux LP<sup>(b)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 7.875% | 570445 | &nbsp;&nbsp; 93977 |
| Terex Corp.<sup>(b)</sup>  | Terex Corp.<sup>(b)</sup>  | Terex Corp.<sup>(b)</sup>  | Terex Corp.<sup>(b)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.250% | 825000 | &nbsp;&nbsp; 849768 |
| United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. |
| 01/15/2030 | &nbsp;&nbsp; 5.250% | 1750000 | &nbsp;&nbsp; 1767781 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **23810782** |
| **Consumer Cyclical Services 0.2%** | **Consumer Cyclical Services 0.2%** | **Consumer Cyclical Services 0.2%** | **Consumer Cyclical Services 0.2%** |
| Allied Universal Holdco LLC<sup>(b)</sup>  | Allied Universal Holdco LLC<sup>(b)</sup>  | Allied Universal Holdco LLC<sup>(b)</sup>  | Allied Universal Holdco LLC<sup>(b)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 7.875% | 650000 | &nbsp;&nbsp; 686685 |
| Allied Universal Holdco LLC/Finance Corp.<sup>(b)</sup>  | Allied Universal Holdco LLC/Finance Corp.<sup>(b)</sup>  | Allied Universal Holdco LLC/Finance Corp.<sup>(b)</sup>  | Allied Universal Holdco LLC/Finance Corp.<sup>(b)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 6.000% | 700000 | &nbsp;&nbsp; 692971 |
| Allied Universal Holdco LLC/Finance Corp./Atlas Luxco 4 Sarl<sup>(b)</sup>  | Allied Universal Holdco LLC/Finance Corp./Atlas Luxco 4 Sarl<sup>(b)</sup>  | Allied Universal Holdco LLC/Finance Corp./Atlas Luxco 4 Sarl<sup>(b)</sup>  | Allied Universal Holdco LLC/Finance Corp./Atlas Luxco 4 Sarl<sup>(b)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.625% | 1910000 | &nbsp;&nbsp; 1892332 |
| 06/01/2028 | &nbsp;&nbsp; 4.625% | 990000 | &nbsp;&nbsp; 979187 |
| Arches Buyer, Inc.<sup>(b)</sup>  | Arches Buyer, Inc.<sup>(b)</sup>  | Arches Buyer, Inc.<sup>(b)</sup>  | Arches Buyer, Inc.<sup>(b)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.250% | 745000 | &nbsp;&nbsp; 722181 |
| Block Financial LLC | Block Financial LLC | Block Financial LLC | Block Financial LLC |
| 09/15/2032 | &nbsp;&nbsp; 5.375% | 3765000 | &nbsp;&nbsp; 3702940 |
| Brink's Co. (The)<sup>(b)</sup>  | Brink's Co. (The)<sup>(b)</sup>  | Brink's Co. (The)<sup>(b)</sup>  | Brink's Co. (The)<sup>(b)</sup>  |
| 06/15/2032 | &nbsp;&nbsp; 6.750% | 1080000 | &nbsp;&nbsp; 1121238 |
| eBay, Inc. | eBay, Inc. | eBay, Inc. | eBay, Inc. |
| 03/06/2029 | &nbsp;&nbsp; 4.250% | 3255000 | &nbsp;&nbsp; 3277626 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Match Group Holdings II LLC<sup>(b)</sup>  | Match Group Holdings II LLC<sup>(b)</sup>  | Match Group Holdings II LLC<sup>(b)</sup>  | Match Group Holdings II LLC<sup>(b)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 3.625% | 1155000 | &nbsp;&nbsp; 1047755 |
| Raven Acquisition Holdings LLC<sup>(b)</sup>  | Raven Acquisition Holdings LLC<sup>(b)</sup>  | Raven Acquisition Holdings LLC<sup>(b)</sup>  | Raven Acquisition Holdings LLC<sup>(b)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 6.875% | 1355000 | &nbsp;&nbsp; 1302192 |
| Service Corp. International | Service Corp. International | Service Corp. International | Service Corp. International |
| 10/15/2032 | &nbsp;&nbsp; 5.750% | 645000 | &nbsp;&nbsp; 657676 |
| Uber Technologies, Inc.<sup>(b)</sup>  | Uber Technologies, Inc.<sup>(b)</sup>  | Uber Technologies, Inc.<sup>(b)</sup>  | Uber Technologies, Inc.<sup>(b)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 4.500% | 634000 | &nbsp;&nbsp; 634598 |
| Uber Technologies, Inc. | Uber Technologies, Inc. | Uber Technologies, Inc. | Uber Technologies, Inc. |
| 01/15/2030 | &nbsp;&nbsp; 4.300% | 832000 | &nbsp;&nbsp; 837048 |
| 09/15/2054 | &nbsp;&nbsp; 5.350% | 2007000 | &nbsp;&nbsp; 1913875 |
| VT Topco, Inc.<sup>(b)</sup>  | VT Topco, Inc.<sup>(b)</sup>  | VT Topco, Inc.<sup>(b)</sup>  | VT Topco, Inc.<sup>(b)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 8.500% | 1176000 | &nbsp;&nbsp; 1169154 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **20637458** |
| **Consumer Products 0.1%** | **Consumer Products 0.1%** | **Consumer Products 0.1%** | **Consumer Products 0.1%** |
| Energizer Holdings, Inc.<sup>(b)</sup>  | Energizer Holdings, Inc.<sup>(b)</sup>  | Energizer Holdings, Inc.<sup>(b)</sup>  | Energizer Holdings, Inc.<sup>(b)</sup>  |
| 03/31/2029 | &nbsp;&nbsp; 4.375% | 970000 | &nbsp;&nbsp; 941864 |
| 09/15/2033 | &nbsp;&nbsp; 6.000% | 1845000 | &nbsp;&nbsp; 1802598 |
| Kenvue, Inc. | Kenvue, Inc. | Kenvue, Inc. | Kenvue, Inc. |
| 03/22/2028 | &nbsp;&nbsp; 5.050% | 549000 | &nbsp;&nbsp; 561961 |
| 05/22/2032 | &nbsp;&nbsp; 4.850% | 907000 | &nbsp;&nbsp; 937731 |
| Kronos Acquisition Holdings, Inc.<sup>(b)</sup>  | Kronos Acquisition Holdings, Inc.<sup>(b)</sup>  | Kronos Acquisition Holdings, Inc.<sup>(b)</sup>  | Kronos Acquisition Holdings, Inc.<sup>(b)</sup>  |
| 06/30/2032 | &nbsp;&nbsp; 10.750% | 1400000 | &nbsp;&nbsp; 612776 |
| Newell Brands, Inc.<sup>(b)</sup>  | Newell Brands, Inc.<sup>(b)</sup>  | Newell Brands, Inc.<sup>(b)</sup>  | Newell Brands, Inc.<sup>(b)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 8.500% | 760000 | &nbsp;&nbsp; 799908 |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| 05/15/2030 | &nbsp;&nbsp; 6.375% | 480000 | &nbsp;&nbsp; 481548 |
| 05/15/2032 | &nbsp;&nbsp; 6.625% | 585000 | &nbsp;&nbsp; 585040 |
| Perrigo Finance Unlimited Co. | Perrigo Finance Unlimited Co. | Perrigo Finance Unlimited Co. | Perrigo Finance Unlimited Co. |
| 09/30/2032 | &nbsp;&nbsp; 6.125% | 925000 | &nbsp;&nbsp; 904959 |
| Polaris, Inc. | Polaris, Inc. | Polaris, Inc. | Polaris, Inc. |
| 03/01/2031 | &nbsp;&nbsp; 5.600% | 1885000 | &nbsp;&nbsp; 1918041 |
| Spectrum Brands, Inc.<sup>(b)</sup>  | Spectrum Brands, Inc.<sup>(b)</sup>  | Spectrum Brands, Inc.<sup>(b)</sup>  | Spectrum Brands, Inc.<sup>(b)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 3.875% | 479000 | &nbsp;&nbsp; 420411 |
| SWF Holdings I Corp.<sup>(b)</sup>  | SWF Holdings I Corp.<sup>(b)</sup>  | SWF Holdings I Corp.<sup>(b)</sup>  | SWF Holdings I Corp.<sup>(b)</sup>  |
| 10/06/2029 | &nbsp;&nbsp; 6.500% | 796480 | &nbsp;&nbsp; 318592 |
| Tempur Sealy International, Inc.<sup>(b)</sup>  | Tempur Sealy International, Inc.<sup>(b)</sup>  | Tempur Sealy International, Inc.<sup>(b)</sup>  | Tempur Sealy International, Inc.<sup>(b)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 4.000% | 405000 | &nbsp;&nbsp; 393980 |
| 10/15/2031 | &nbsp;&nbsp; 3.875% | 540000 | &nbsp;&nbsp; 506966 |
| Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. |
| 06/15/2030 | &nbsp;&nbsp; 6.125% | 270000 | &nbsp;&nbsp; 270849 |
| 06/15/2033 | &nbsp;&nbsp; 6.500% | 750000 | &nbsp;&nbsp; 749388 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **12206612** |
| **Diversified Manufacturing 0.2%** | **Diversified Manufacturing 0.2%** | **Diversified Manufacturing 0.2%** | **Diversified Manufacturing 0.2%** |
| 3M Co. | 3M Co. | 3M Co. | 3M Co. |
| 03/15/2035 | &nbsp;&nbsp; 5.150% | 662000 | &nbsp;&nbsp; 683725 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Amsted Industries, Inc.<sup>(b)</sup>  | Amsted Industries, Inc.<sup>(b)</sup>  | Amsted Industries, Inc.<sup>(b)</sup>  | Amsted Industries, Inc.<sup>(b)</sup>  | Amsted Industries, Inc.<sup>(b)</sup>  |
| 05/15/2030 | &nbsp;&nbsp; 4.625% |  | 1685000 | &nbsp;&nbsp; 1668878 |
| Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. |
| 02/15/2030 | &nbsp;&nbsp; 2.722% |  | 190000 | &nbsp;&nbsp; 180546 |
| Emerald Debt Merger Sub LLC<sup>(b)</sup>  | Emerald Debt Merger Sub LLC<sup>(b)</sup>  | Emerald Debt Merger Sub LLC<sup>(b)</sup>  | Emerald Debt Merger Sub LLC<sup>(b)</sup>  | Emerald Debt Merger Sub LLC<sup>(b)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 6.625% |  | 1485000 | &nbsp;&nbsp; 1537433 |
| Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. |
| 02/01/2032 | &nbsp;&nbsp; 4.750% |  | 1448000 | &nbsp;&nbsp; 1490424 |
| Ingersoll Rand, Inc. | Ingersoll Rand, Inc. | Ingersoll Rand, Inc. | Ingersoll Rand, Inc. | Ingersoll Rand, Inc. |
| 08/14/2028 | &nbsp;&nbsp; 5.400% |  | 456000 | &nbsp;&nbsp; 471242 |
| 06/15/2029 | &nbsp;&nbsp; 5.176% |  | 364000 | &nbsp;&nbsp; 377225 |
| 06/15/2034 | &nbsp;&nbsp; 5.450% |  | 269000 | &nbsp;&nbsp; 282049 |
| Smiths Group PLC<sup>(b)</sup>  | Smiths Group PLC<sup>(b)</sup>  | Smiths Group PLC<sup>(b)</sup>  | Smiths Group PLC<sup>(b)</sup>  | Smiths Group PLC<sup>(b)</sup>  |
| 11/13/2033 | &nbsp;&nbsp; 3.625% | EUR | 1310000 | &nbsp;&nbsp; 1548449 |
| Tyco Electronics Group SA | Tyco Electronics Group SA | Tyco Electronics Group SA | Tyco Electronics Group SA | Tyco Electronics Group SA |
| 02/01/2030 | &nbsp;&nbsp; 4.625% |  | 4870000 | &nbsp;&nbsp; 4991995 |
| Valmont Industries, Inc. | Valmont Industries, Inc. | Valmont Industries, Inc. | Valmont Industries, Inc. | Valmont Industries, Inc. |
| 10/01/2054 | &nbsp;&nbsp; 5.250% |  | 2050000 | &nbsp;&nbsp; 1974099 |
| Vertiv Holdings Co.<sup>(d)</sup>  | Vertiv Holdings Co.<sup>(d)</sup>  | Vertiv Holdings Co.<sup>(d)</sup>  | Vertiv Holdings Co.<sup>(d)</sup>  | Vertiv Holdings Co.<sup>(d)</sup>  |
| 03/15/2046 | &nbsp;&nbsp; 5.650% |  | 1275000 | &nbsp;&nbsp; 1265913 |
| 03/15/2056 | &nbsp;&nbsp; 5.800% |  | 2550000 | &nbsp;&nbsp; 2552854 |
| Wabtec Corp.<sup>(n)</sup>  | Wabtec Corp.<sup>(n)</sup>  | Wabtec Corp.<sup>(n)</sup>  | Wabtec Corp.<sup>(n)</sup>  | Wabtec Corp.<sup>(n)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 4.700% |  | 1128000 | &nbsp;&nbsp; 1145569 |
| WESCO Distribution, Inc.<sup>(b)</sup>  | WESCO Distribution, Inc.<sup>(b)</sup>  | WESCO Distribution, Inc.<sup>(b)</sup>  | WESCO Distribution, Inc.<sup>(b)</sup>  | WESCO Distribution, Inc.<sup>(b)</sup>  |
| 04/15/2031 | &nbsp;&nbsp; 5.250% |  | 990000 | &nbsp;&nbsp; 993151 |
| 04/15/2034 | &nbsp;&nbsp; 5.500% |  | 310000 | &nbsp;&nbsp; 312355 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **21475907** |
| **Electric 2.2%** | **Electric 2.2%** | **Electric 2.2%** | **Electric 2.2%** | **Electric 2.2%** |
| AEP Texas Central Co. | AEP Texas Central Co. | AEP Texas Central Co. | AEP Texas Central Co. | AEP Texas Central Co. |
| 02/15/2033 | &nbsp;&nbsp; 6.650% |  | 1385000 | &nbsp;&nbsp; 1542671 |
| AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. |
| 05/15/2029 | &nbsp;&nbsp; 5.450% |  | 1311000 | &nbsp;&nbsp; 1365276 |
| AES Corp. (The) | AES Corp. (The) | AES Corp. (The) | AES Corp. (The) | AES Corp. (The) |
| 03/15/2032 | &nbsp;&nbsp; 5.800% |  | 1292000 | &nbsp;&nbsp; 1346734 |
| Alabama Power Co. | Alabama Power Co. | Alabama Power Co. | Alabama Power Co. | Alabama Power Co. |
| 11/15/2033 | &nbsp;&nbsp; 5.850% |  | 360000 | &nbsp;&nbsp; 389750 |
| Alfa Desarrollo SpA<sup>(b)</sup>  | Alfa Desarrollo SpA<sup>(b)</sup>  | Alfa Desarrollo SpA<sup>(b)</sup>  | Alfa Desarrollo SpA<sup>(b)</sup>  | Alfa Desarrollo SpA<sup>(b)</sup>  |
| 09/27/2051 | &nbsp;&nbsp; 4.550% |  | 3741017 | &nbsp;&nbsp; 3049852 |
| Algonquin Power & Utilities Corp. | Algonquin Power & Utilities Corp. | Algonquin Power & Utilities Corp. | Algonquin Power & Utilities Corp. | Algonquin Power & Utilities Corp. |
| 06/15/2026 | &nbsp;&nbsp; 5.365% |  | 743000 | &nbsp;&nbsp; 745349 |
| Alliant Energy Corp.<sup>(n)</sup>  | Alliant Energy Corp.<sup>(n)</sup>  | Alliant Energy Corp.<sup>(n)</sup>  | Alliant Energy Corp.<sup>(n)</sup>  | Alliant Energy Corp.<sup>(n)</sup>  |
| 04/01/2056 | &nbsp;&nbsp; 5.750% |  | 2890000 | &nbsp;&nbsp; 2873967 |
| Alliant Energy Finance LLC<sup>(b)</sup>  | Alliant Energy Finance LLC<sup>(b)</sup>  | Alliant Energy Finance LLC<sup>(b)</sup>  | Alliant Energy Finance LLC<sup>(b)</sup>  | Alliant Energy Finance LLC<sup>(b)</sup>  |
| 06/06/2027 | &nbsp;&nbsp; 5.400% |  | 2755000 | &nbsp;&nbsp; 2792225 |
| Alpha Generation LLC<sup>(b)</sup>  | Alpha Generation LLC<sup>(b)</sup>  | Alpha Generation LLC<sup>(b)</sup>  | Alpha Generation LLC<sup>(b)</sup>  | Alpha Generation LLC<sup>(b)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.750% |  | 665000 | &nbsp;&nbsp; 691568 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Ameren Corp. | Ameren Corp. | Ameren Corp. | Ameren Corp. | Ameren Corp. |
| 03/15/2028 | &nbsp;&nbsp; 1.750% |  | 617000 | &nbsp;&nbsp; 590228 |
| 01/15/2029 | &nbsp;&nbsp; 5.000% |  | 2109000 | &nbsp;&nbsp; 2168416 |
| American Electric Power Co, Inc.<sup>(n)</sup>  | American Electric Power Co, Inc.<sup>(n)</sup>  | American Electric Power Co, Inc.<sup>(n)</sup>  | American Electric Power Co, Inc.<sup>(n)</sup>  | American Electric Power Co, Inc.<sup>(n)</sup>  |
| 03/15/2056 | &nbsp;&nbsp; 5.800% |  | 5395000 | &nbsp;&nbsp; 5424018 |
| 03/15/2056 | &nbsp;&nbsp; 6.050% |  | 2105000 | &nbsp;&nbsp; 2112621 |
| American Transmission Systems, Inc.<sup>(b)</sup>  | American Transmission Systems, Inc.<sup>(b)</sup>  | American Transmission Systems, Inc.<sup>(b)</sup>  | American Transmission Systems, Inc.<sup>(b)</sup>  | American Transmission Systems, Inc.<sup>(b)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 2.650% |  | 2614000 | &nbsp;&nbsp; 2389676 |
| Amprion GmbH<sup>(b)</sup>  | Amprion GmbH<sup>(b)</sup>  | Amprion GmbH<sup>(b)</sup>  | Amprion GmbH<sup>(b)</sup>  | Amprion GmbH<sup>(b)</sup>  |
| 01/15/2046 | &nbsp;&nbsp; 4.580% | EUR | 1400000 | &nbsp;&nbsp; 1691230 |
| Appalachian Power Co. | Appalachian Power Co. | Appalachian Power Co. | Appalachian Power Co. | Appalachian Power Co. |
| 04/01/2034 | &nbsp;&nbsp; 5.650% |  | 6920000 | &nbsp;&nbsp; 7299206 |
| Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. |
| 12/15/2032 | &nbsp;&nbsp; 6.350% |  | 2155000 | &nbsp;&nbsp; 2369081 |
| 08/15/2048 | &nbsp;&nbsp; 4.200% |  | 111000 | &nbsp;&nbsp; 91140 |
| Ausgrid Finance Pty Ltd.<sup>(b)</sup>  | Ausgrid Finance Pty Ltd.<sup>(b)</sup>  | Ausgrid Finance Pty Ltd.<sup>(b)</sup>  | Ausgrid Finance Pty Ltd.<sup>(b)</sup>  | Ausgrid Finance Pty Ltd.<sup>(b)</sup>  |
| 12/10/2035 | &nbsp;&nbsp; 5.946% | AUD | 1500000 | &nbsp;&nbsp; 1080045 |
| Avangrid, Inc. | Avangrid, Inc. | Avangrid, Inc. | Avangrid, Inc. | Avangrid, Inc. |
| 06/01/2029 | &nbsp;&nbsp; 3.800% |  | 428000 | &nbsp;&nbsp; 424691 |
| Black Hills Corp. | Black Hills Corp. | Black Hills Corp. | Black Hills Corp. | Black Hills Corp. |
| 10/15/2029 | &nbsp;&nbsp; 3.050% |  | 319000 | &nbsp;&nbsp; 307401 |
| 01/31/2031 | &nbsp;&nbsp; 4.550% |  | 3646000 | &nbsp;&nbsp; 3681802 |
| 01/15/2035 | &nbsp;&nbsp; 6.000% |  | 377000 | &nbsp;&nbsp; 406176 |
| Calpine Corp.<sup>(b)</sup>  | Calpine Corp.<sup>(b)</sup>  | Calpine Corp.<sup>(b)</sup>  | Calpine Corp.<sup>(b)</sup>  | Calpine Corp.<sup>(b)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 5.125% |  | 575000 | &nbsp;&nbsp; 575046 |
| Capital Power US Holdings, Inc.<sup>(b)</sup>  | Capital Power US Holdings, Inc.<sup>(b)</sup>  | Capital Power US Holdings, Inc.<sup>(b)</sup>  | Capital Power US Holdings, Inc.<sup>(b)</sup>  | Capital Power US Holdings, Inc.<sup>(b)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 5.257% |  | 1705000 | &nbsp;&nbsp; 1740043 |
| CenterPoint Energy, Inc. | CenterPoint Energy, Inc. | CenterPoint Energy, Inc. | CenterPoint Energy, Inc. | CenterPoint Energy, Inc. |
| 06/01/2029 | &nbsp;&nbsp; 5.400% |  | 505000 | &nbsp;&nbsp; 525229 |
| CenterPoint Energy, Inc.<sup>(n)</sup>  | CenterPoint Energy, Inc.<sup>(n)</sup>  | CenterPoint Energy, Inc.<sup>(n)</sup>  | CenterPoint Energy, Inc.<sup>(n)</sup>  | CenterPoint Energy, Inc.<sup>(n)</sup>  |
| 04/01/2056 | &nbsp;&nbsp; 5.950% |  | 2800000 | &nbsp;&nbsp; 2818281 |
| CFE Fibra E<sup>(b)</sup>  | CFE Fibra E<sup>(b)</sup>  | CFE Fibra E<sup>(b)</sup>  | CFE Fibra E<sup>(b)</sup>  | CFE Fibra E<sup>(b)</sup>  |
| 09/23/2040 | &nbsp;&nbsp; 5.875% |  | 3451008 | &nbsp;&nbsp; 3438446 |
| Chile Electricity Lux MPC II Sarl<sup>(b)</sup>  | Chile Electricity Lux MPC II Sarl<sup>(b)</sup>  | Chile Electricity Lux MPC II Sarl<sup>(b)</sup>  | Chile Electricity Lux MPC II Sarl<sup>(b)</sup>  | Chile Electricity Lux MPC II Sarl<sup>(b)</sup>  |
| 10/20/2035 | &nbsp;&nbsp; 5.580% |  | 1050818 | &nbsp;&nbsp; 1085718 |
| Cleveland Electric Illuminating Co. (The)<sup>(b)</sup>  | Cleveland Electric Illuminating Co. (The)<sup>(b)</sup>  | Cleveland Electric Illuminating Co. (The)<sup>(b)</sup>  | Cleveland Electric Illuminating Co. (The)<sup>(b)</sup>  | Cleveland Electric Illuminating Co. (The)<sup>(b)</sup>  |
| 04/01/2028 | &nbsp;&nbsp; 3.500% |  | 3068000 | &nbsp;&nbsp; 3028180 |
| Cleveland Electric Illuminating Co. (The) | Cleveland Electric Illuminating Co. (The) | Cleveland Electric Illuminating Co. (The) | Cleveland Electric Illuminating Co. (The) | Cleveland Electric Illuminating Co. (The) |
| 12/15/2036 | &nbsp;&nbsp; 5.950% |  | 1279000 | &nbsp;&nbsp; 1358725 |
| CMS Energy Corp. | CMS Energy Corp. | CMS Energy Corp. | CMS Energy Corp. | CMS Energy Corp. |
| 02/15/2027 | &nbsp;&nbsp; 2.950% |  | 80000 | &nbsp;&nbsp; 79247 |
| CMS Energy Corp.<sup>(n)</sup>  | CMS Energy Corp.<sup>(n)</sup>  | CMS Energy Corp.<sup>(n)</sup>  | CMS Energy Corp.<sup>(n)</sup>  | CMS Energy Corp.<sup>(n)</sup>  |
| 06/01/2050 | &nbsp;&nbsp; 4.750% |  | 1307000 | &nbsp;&nbsp; 1293236 |
| 12/01/2050 | &nbsp;&nbsp; 3.750% |  | 253000 | &nbsp;&nbsp; 236004 |
| Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. |
| 03/01/2035 | &nbsp;&nbsp; 5.300% |  | 89000 | &nbsp;&nbsp; 92772 |
| 06/15/2046 | &nbsp;&nbsp; 3.850% |  | 1310000 | &nbsp;&nbsp; 1043393 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Constellation Energy Generation LLC<sup>(b)</sup>  | Constellation Energy Generation LLC<sup>(b)</sup>  | Constellation Energy Generation LLC<sup>(b)</sup>  | Constellation Energy Generation LLC<sup>(b)</sup>  | Constellation Energy Generation LLC<sup>(b)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 4.625% |  | 2000000 | &nbsp;&nbsp; 1999662 |
| 02/01/2031 | &nbsp;&nbsp; 5.000% |  | 4045000 | &nbsp;&nbsp; 4106612 |
| Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. |
| 08/15/2026 | &nbsp;&nbsp; 2.850% |  | 750000 | &nbsp;&nbsp; 746237 |
| 05/15/2028 | &nbsp;&nbsp; 4.600% |  | 3775000 | &nbsp;&nbsp; 3828245 |
| Dominion Energy, Inc.<sup>(n)</sup>  | Dominion Energy, Inc.<sup>(n)</sup>  | Dominion Energy, Inc.<sup>(n)</sup>  | Dominion Energy, Inc.<sup>(n)</sup>  | Dominion Energy, Inc.<sup>(n)</sup>  |
| 02/15/2056 | &nbsp;&nbsp; 6.200% |  | 3775000 | &nbsp;&nbsp; 3837183 |
| DTE Energy Co. | DTE Energy Co. | DTE Energy Co. | DTE Energy Co. | DTE Energy Co. |
| 07/01/2027 | &nbsp;&nbsp; 4.950% |  | 3225000 | &nbsp;&nbsp; 3263017 |
| 04/01/2030 | &nbsp;&nbsp; 5.200% |  | 1161000 | &nbsp;&nbsp; 1204686 |
| Duke Energy Carolinas LLC | Duke Energy Carolinas LLC | Duke Energy Carolinas LLC | Duke Energy Carolinas LLC | Duke Energy Carolinas LLC |
| 04/15/2031 | &nbsp;&nbsp; 2.550% |  | 243000 | &nbsp;&nbsp; 226334 |
| Duke Energy Florida LLC | Duke Energy Florida LLC | Duke Energy Florida LLC | Duke Energy Florida LLC | Duke Energy Florida LLC |
| 12/15/2031 | &nbsp;&nbsp; 2.400% |  | 814000 | &nbsp;&nbsp; 743669 |
| 11/15/2033 | &nbsp;&nbsp; 5.875% |  | 1029000 | &nbsp;&nbsp; 1117451 |
| Duke Energy Indiana LLC | Duke Energy Indiana LLC | Duke Energy Indiana LLC | Duke Energy Indiana LLC | Duke Energy Indiana LLC |
| 10/01/2049 | &nbsp;&nbsp; 3.250% |  | 500000 | &nbsp;&nbsp; 351307 |
| Duke Energy Ohio, Inc. | Duke Energy Ohio, Inc. | Duke Energy Ohio, Inc. | Duke Energy Ohio, Inc. | Duke Energy Ohio, Inc. |
| 06/01/2030 | &nbsp;&nbsp; 2.125% |  | 282000 | &nbsp;&nbsp; 261096 |
| Duke Energy Progress LLC | Duke Energy Progress LLC | Duke Energy Progress LLC | Duke Energy Progress LLC | Duke Energy Progress LLC |
| 03/30/2044 | &nbsp;&nbsp; 4.375% |  | 770000 | &nbsp;&nbsp; 678572 |
| 09/15/2047 | &nbsp;&nbsp; 3.600% |  | 940000 | &nbsp;&nbsp; 716724 |
| Duquesne Light Holdings, Inc.<sup>(b)</sup>  | Duquesne Light Holdings, Inc.<sup>(b)</sup>  | Duquesne Light Holdings, Inc.<sup>(b)</sup>  | Duquesne Light Holdings, Inc.<sup>(b)</sup>  | Duquesne Light Holdings, Inc.<sup>(b)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 2.532% |  | 303000 | &nbsp;&nbsp; 280546 |
| Enel Finance International NV<sup>(b)</sup>  | Enel Finance International NV<sup>(b)</sup>  | Enel Finance International NV<sup>(b)</sup>  | Enel Finance International NV<sup>(b)</sup>  | Enel Finance International NV<sup>(b)</sup>  |
| 09/30/2030 | &nbsp;&nbsp; 4.375% |  | 5228000 | &nbsp;&nbsp; 5257511 |
| Enel SpA<sup>(b),(m),(n)</sup>  | Enel SpA<sup>(b),(m),(n)</sup>  | Enel SpA<sup>(b),(m),(n)</sup>  | Enel SpA<sup>(b),(m),(n)</sup>  | Enel SpA<sup>(b),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 4.500% | EUR | 375000 | &nbsp;&nbsp; 440943 |
| Entergy Arkansas LLC | Entergy Arkansas LLC | Entergy Arkansas LLC | Entergy Arkansas LLC | Entergy Arkansas LLC |
| 01/15/2056 | &nbsp;&nbsp; 5.750% |  | 3830000 | &nbsp;&nbsp; 3866535 |
| Entergy Corp. | Entergy Corp. | Entergy Corp. | Entergy Corp. | Entergy Corp. |
| 06/15/2030 | &nbsp;&nbsp; 2.800% |  | 229000 | &nbsp;&nbsp; 216458 |
| 06/15/2031 | &nbsp;&nbsp; 2.400% |  | 496000 | &nbsp;&nbsp; 450173 |
| Entergy Corp.<sup>(n)</sup>  | Entergy Corp.<sup>(n)</sup>  | Entergy Corp.<sup>(n)</sup>  | Entergy Corp.<sup>(n)</sup>  | Entergy Corp.<sup>(n)</sup>  |
| 06/15/2056 | &nbsp;&nbsp; 6.100% |  | 4315000 | &nbsp;&nbsp; 4352041 |
| Entergy Louisiana LLC | Entergy Louisiana LLC | Entergy Louisiana LLC | Entergy Louisiana LLC | Entergy Louisiana LLC |
| 10/01/2026 | &nbsp;&nbsp; 2.400% |  | 1876000 | &nbsp;&nbsp; 1860344 |
| 04/15/2036 | &nbsp;&nbsp; 4.900% |  | 2096000 | &nbsp;&nbsp; 2099762 |
| Entergy Texas, Inc. | Entergy Texas, Inc. | Entergy Texas, Inc. | Entergy Texas, Inc. | Entergy Texas, Inc. |
| 03/30/2029 | &nbsp;&nbsp; 4.000% |  | 239000 | &nbsp;&nbsp; 239616 |
| Eurogrid GmbH<sup>(b)</sup>  | Eurogrid GmbH<sup>(b)</sup>  | Eurogrid GmbH<sup>(b)</sup>  | Eurogrid GmbH<sup>(b)</sup>  | Eurogrid GmbH<sup>(b)</sup>  |
| 09/05/2031 | &nbsp;&nbsp; 3.279% | EUR | 400000 | &nbsp;&nbsp; 477562 |
| Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. |
| 03/15/2035 | &nbsp;&nbsp; 5.250% |  | 548000 | &nbsp;&nbsp; 562442 |
| Evergy Metro, Inc. | Evergy Metro, Inc. | Evergy Metro, Inc. | Evergy Metro, Inc. | Evergy Metro, Inc. |
| 06/01/2030 | &nbsp;&nbsp; 2.250% |  | 375000 | &nbsp;&nbsp; 349494 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Evergy Missouri West, Inc.<sup>(b)</sup>  | Evergy Missouri West, Inc.<sup>(b)</sup>  | Evergy Missouri West, Inc.<sup>(b)</sup>  | Evergy Missouri West, Inc.<sup>(b)</sup>  |
| 06/01/2034 | &nbsp;&nbsp; 5.650% | 5200000 | &nbsp;&nbsp; 5431151 |
| Eversource Energy | Eversource Energy | Eversource Energy | Eversource Energy |
| 08/15/2026 | &nbsp;&nbsp; 1.400% | 586000 | &nbsp;&nbsp; 578934 |
| 03/01/2027 | &nbsp;&nbsp; 2.900% | 1040000 | &nbsp;&nbsp; 1029175 |
| 07/01/2027 | &nbsp;&nbsp; 4.600% | 2675000 | &nbsp;&nbsp; 2694071 |
| 03/01/2028 | &nbsp;&nbsp; 5.450% | 797000 | &nbsp;&nbsp; 817978 |
| 02/01/2029 | &nbsp;&nbsp; 5.950% | 774000 | &nbsp;&nbsp; 812001 |
| 03/15/2031 | &nbsp;&nbsp; 2.550% | 2098000 | &nbsp;&nbsp; 1924940 |
| 05/15/2033 | &nbsp;&nbsp; 5.125% | 365000 | &nbsp;&nbsp; 372952 |
| 01/01/2034 | &nbsp;&nbsp; 5.500% | 468000 | &nbsp;&nbsp; 485651 |
| Eversource Energy<sup>(n)</sup>  | Eversource Energy<sup>(n)</sup>  | Eversource Energy<sup>(n)</sup>  | Eversource Energy<sup>(n)</sup>  |
| 08/15/2056 | &nbsp;&nbsp; 6.350% | 810000 | &nbsp;&nbsp; 815122 |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 08/15/2056 | &nbsp;&nbsp; 6.100% | 450000 | &nbsp;&nbsp; 452137 |
| Exelon Corp. | Exelon Corp. | Exelon Corp. | Exelon Corp. |
| 03/15/2028 | &nbsp;&nbsp; 5.150% | 1283000 | &nbsp;&nbsp; 1312655 |
| 03/15/2029 | &nbsp;&nbsp; 5.150% | 560000 | &nbsp;&nbsp; 578507 |
| 03/15/2036 | &nbsp;&nbsp; 4.950% | 4780000 | &nbsp;&nbsp; 4752663 |
| 04/15/2046 | &nbsp;&nbsp; 4.450% | 575000 | &nbsp;&nbsp; 488016 |
| FirstEnergy Corp.<sup>(n)</sup>  | FirstEnergy Corp.<sup>(n)</sup>  | FirstEnergy Corp.<sup>(n)</sup>  | FirstEnergy Corp.<sup>(n)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 3.900% | 1128000 | &nbsp;&nbsp; 1130396 |
| FirstEnergy Transmission LLC<sup>(b)</sup>  | FirstEnergy Transmission LLC<sup>(b)</sup>  | FirstEnergy Transmission LLC<sup>(b)</sup>  | FirstEnergy Transmission LLC<sup>(b)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 2.866% | 3224000 | &nbsp;&nbsp; 3136427 |
| Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. |
| 05/15/2030 | &nbsp;&nbsp; 4.625% | 444000 | &nbsp;&nbsp; 455205 |
| 06/15/2034 | &nbsp;&nbsp; 5.300% | 632000 | &nbsp;&nbsp; 666225 |
| Georgia Power Co. | Georgia Power Co. | Georgia Power Co. | Georgia Power Co. |
| 05/16/2028 | &nbsp;&nbsp; 4.650% | 447000 | &nbsp;&nbsp; 454337 |
| Gulf Power Co. | Gulf Power Co. | Gulf Power Co. | Gulf Power Co. |
| 10/01/2044 | &nbsp;&nbsp; 4.550% | 1350000 | &nbsp;&nbsp; 1207575 |
| Idaho Power Co. | Idaho Power Co. | Idaho Power Co. | Idaho Power Co. |
| 03/01/2036 | &nbsp;&nbsp; 4.850% | 3406000 | &nbsp;&nbsp; 3409182 |
| Indiana Michigan Power Co. | Indiana Michigan Power Co. | Indiana Michigan Power Co. | Indiana Michigan Power Co. |
| 03/15/2056 | &nbsp;&nbsp; 5.600% | 2915000 | &nbsp;&nbsp; 2904752 |
| IPALCO Enterprises, Inc. | IPALCO Enterprises, Inc. | IPALCO Enterprises, Inc. | IPALCO Enterprises, Inc. |
| 05/01/2030 | &nbsp;&nbsp; 4.250% | 1043000 | &nbsp;&nbsp; 1032013 |
| Jersey Central Power & Light Co.<sup>(b)</sup>  | Jersey Central Power & Light Co.<sup>(b)</sup>  | Jersey Central Power & Light Co.<sup>(b)</sup>  | Jersey Central Power & Light Co.<sup>(b)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 2.750% | 167000 | &nbsp;&nbsp; 152523 |
| Jersey Central Power & Light Co. | Jersey Central Power & Light Co. | Jersey Central Power & Light Co. | Jersey Central Power & Light Co. |
| 06/01/2037 | &nbsp;&nbsp; 6.150% | 1985000 | &nbsp;&nbsp; 2174325 |
| Kentucky Utilities Co. | Kentucky Utilities Co. | Kentucky Utilities Co. | Kentucky Utilities Co. |
| 04/15/2033 | &nbsp;&nbsp; 5.450% | 256000 | &nbsp;&nbsp; 270854 |
| Liberty Utilities Co.<sup>(b)</sup>  | Liberty Utilities Co.<sup>(b)</sup>  | Liberty Utilities Co.<sup>(b)</sup>  | Liberty Utilities Co.<sup>(b)</sup>  |
| 01/31/2029 | &nbsp;&nbsp; 5.577% | 996000 | &nbsp;&nbsp; 1028377 |
| 01/31/2034 | &nbsp;&nbsp; 5.869% | 1126000 | &nbsp;&nbsp; 1187215 |
| Lightning Power LLC<sup>(b)</sup>  | Lightning Power LLC<sup>(b)</sup>  | Lightning Power LLC<sup>(b)</sup>  | Lightning Power LLC<sup>(b)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 7.250% | 820000 | &nbsp;&nbsp; 870445 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Louisville Gas and Electric Co. | Louisville Gas and Electric Co. | Louisville Gas and Electric Co. | Louisville Gas and Electric Co. |
| 04/15/2033 | &nbsp;&nbsp; 5.450% | 256000 | &nbsp;&nbsp; 270405 |
| Metropolitan Edison Co.<sup>(b)</sup>  | Metropolitan Edison Co.<sup>(b)</sup>  | Metropolitan Edison Co.<sup>(b)</sup>  | Metropolitan Edison Co.<sup>(b)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 4.300% | 1324000 | &nbsp;&nbsp; 1331256 |
| Monongahela Power Co.<sup>(b)</sup>  | Monongahela Power Co.<sup>(b)</sup>  | Monongahela Power Co.<sup>(b)</sup>  | Monongahela Power Co.<sup>(b)</sup>  |
| 05/15/2027 | &nbsp;&nbsp; 3.550% | 480000 | &nbsp;&nbsp; 477741 |
| 02/15/2034 | &nbsp;&nbsp; 5.850% | 617000 | &nbsp;&nbsp; 663852 |
| Narragansett Electric Co. (The)<sup>(b)</sup>  | Narragansett Electric Co. (The)<sup>(b)</sup>  | Narragansett Electric Co. (The)<sup>(b)</sup>  | Narragansett Electric Co. (The)<sup>(b)</sup>  |
| 04/09/2030 | &nbsp;&nbsp; 3.395% | 2066000 | &nbsp;&nbsp; 2007112 |
| National Grid PLC | National Grid PLC | National Grid PLC | National Grid PLC |
| 01/11/2034 | &nbsp;&nbsp; 5.418% | 947000 | &nbsp;&nbsp; 988900 |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. |
| 03/15/2030 | &nbsp;&nbsp; 2.400% | 883000 | &nbsp;&nbsp; 830083 |
| 06/15/2031 | &nbsp;&nbsp; 1.650% | 593000 | &nbsp;&nbsp; 521646 |
| 04/15/2032 | &nbsp;&nbsp; 2.750% | 611000 | &nbsp;&nbsp; 561230 |
| 12/15/2032 | &nbsp;&nbsp; 4.150% | 161000 | &nbsp;&nbsp; 159058 |
| 01/15/2033 | &nbsp;&nbsp; 5.800% | 104000 | &nbsp;&nbsp; 112543 |
| National Rural Utilities Cooperative Finance Corp.<sup>(n)</sup>  | National Rural Utilities Cooperative Finance Corp.<sup>(n)</sup>  | National Rural Utilities Cooperative Finance Corp.<sup>(n)</sup>  | National Rural Utilities Cooperative Finance Corp.<sup>(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 04/20/2046 | &nbsp;&nbsp; 5.250% | 1312000 | &nbsp;&nbsp; 1310552 |
| Nextera Energy Capital Holdings, Inc. | Nextera Energy Capital Holdings, Inc. | Nextera Energy Capital Holdings, Inc. | Nextera Energy Capital Holdings, Inc. |
| 03/01/2056 | &nbsp;&nbsp; 5.850% | 1777000 | &nbsp;&nbsp; 1786809 |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| 01/15/2027 | &nbsp;&nbsp; 1.875% | 899000 | &nbsp;&nbsp; 883687 |
| 09/01/2027 | &nbsp;&nbsp; 4.685% | 3180000 | &nbsp;&nbsp; 3216295 |
| 03/15/2032 | &nbsp;&nbsp; 5.300% | 916000 | &nbsp;&nbsp; 960352 |
| NextEra Energy Capital Holdings, Inc.<sup>(n)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(n)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(n)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(n)</sup>  |
| 08/15/2055 | &nbsp;&nbsp; 6.375% | 897000 | &nbsp;&nbsp; 932572 |
| 08/15/2055 | &nbsp;&nbsp; 6.500% | 939000 | &nbsp;&nbsp; 995917 |
| 03/15/2082 | &nbsp;&nbsp; 3.800% | 1166000 | &nbsp;&nbsp; 1149864 |
| Niagara Energy SAC<sup>(b)</sup>  | Niagara Energy SAC<sup>(b)</sup>  | Niagara Energy SAC<sup>(b)</sup>  | Niagara Energy SAC<sup>(b)</sup>  |
| 10/03/2034 | &nbsp;&nbsp; 5.746% | 675000 | &nbsp;&nbsp; 696915 |
| Niagara Mohawk Power Corp.<sup>(b)</sup>  | Niagara Mohawk Power Corp.<sup>(b)</sup>  | Niagara Mohawk Power Corp.<sup>(b)</sup>  | Niagara Mohawk Power Corp.<sup>(b)</sup>  |
| 06/27/2030 | &nbsp;&nbsp; 1.960% | 927000 | &nbsp;&nbsp; 849759 |
| 01/17/2054 | &nbsp;&nbsp; 5.664% | 136000 | &nbsp;&nbsp; 133448 |
| NorthWestern Corp.<sup>(b)</sup>  | NorthWestern Corp.<sup>(b)</sup>  | NorthWestern Corp.<sup>(b)</sup>  | NorthWestern Corp.<sup>(b)</sup>  |
| 03/21/2030 | &nbsp;&nbsp; 5.073% | 2338000 | &nbsp;&nbsp; 2413081 |
| NRG Energy, Inc.<sup>(b),(m),(n)</sup>  | NRG Energy, Inc.<sup>(b),(m),(n)</sup>  | NRG Energy, Inc.<sup>(b),(m),(n)</sup>  | NRG Energy, Inc.<sup>(b),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 10.250% | 600000 | &nbsp;&nbsp; 661817 |
| NRG Energy, Inc.<sup>(b)</sup>  | NRG Energy, Inc.<sup>(b)</sup>  | NRG Energy, Inc.<sup>(b)</sup>  | NRG Energy, Inc.<sup>(b)</sup>  |
| 12/02/2027 | &nbsp;&nbsp; 2.450% | 2420000 | &nbsp;&nbsp; 2345559 |
| 02/15/2029 | &nbsp;&nbsp; 3.375% | 542000 | &nbsp;&nbsp; 522138 |
| 02/15/2031 | &nbsp;&nbsp; 3.625% | 100000 | &nbsp;&nbsp; 94490 |
| 02/15/2032 | &nbsp;&nbsp; 3.875% | 1025000 | &nbsp;&nbsp; 959731 |
| 02/01/2033 | &nbsp;&nbsp; 6.000% | 710000 | &nbsp;&nbsp; 727648 |
| NSTAR Electric Co. | NSTAR Electric Co. | NSTAR Electric Co. | NSTAR Electric Co. |
| 03/01/2030 | &nbsp;&nbsp; 4.850% | 1755000 | &nbsp;&nbsp; 1806479 |
| 08/15/2031 | &nbsp;&nbsp; 1.950% | 324000 | &nbsp;&nbsp; 288805 |
| 06/01/2034 | &nbsp;&nbsp; 5.400% | 279000 | &nbsp;&nbsp; 291929 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| OGE Energy Corp. | OGE Energy Corp. | OGE Energy Corp. | OGE Energy Corp. |
| 05/15/2029 | &nbsp;&nbsp; 5.450% | 329000 | &nbsp;&nbsp; 342739 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| 06/04/2028 | &nbsp;&nbsp; 5.000% | 1405000 | &nbsp;&nbsp; 1430818 |
| 01/15/2029 | &nbsp;&nbsp; 6.100% | 2634000 | &nbsp;&nbsp; 2767762 |
| 07/01/2030 | &nbsp;&nbsp; 4.550% | 2723000 | &nbsp;&nbsp; 2735438 |
| 06/01/2031 | &nbsp;&nbsp; 3.250% | 2840000 | &nbsp;&nbsp; 2675719 |
| 07/01/2040 | &nbsp;&nbsp; 4.500% | 5850000 | &nbsp;&nbsp; 5201701 |
| 04/15/2042 | &nbsp;&nbsp; 4.450% | 160000 | &nbsp;&nbsp; 136832 |
| 03/15/2045 | &nbsp;&nbsp; 4.300% | 269000 | &nbsp;&nbsp; 217855 |
| 07/01/2050 | &nbsp;&nbsp; 4.950% | 545000 | &nbsp;&nbsp; 470398 |
| PacifiCorp | PacifiCorp | PacifiCorp | PacifiCorp |
| 03/15/2029 | &nbsp;&nbsp; 4.250% | 3390000 | &nbsp;&nbsp; 3414341 |
| 03/15/2051 | &nbsp;&nbsp; 3.300% | 680000 | &nbsp;&nbsp; 447153 |
| PECO Energy Co. | PECO Energy Co. | PECO Energy Co. | PECO Energy Co. |
| 05/15/2052 | &nbsp;&nbsp; 4.600% | 2500000 | &nbsp;&nbsp; 2171889 |
| Pennsylvania Electric Co.<sup>(b)</sup>  | Pennsylvania Electric Co.<sup>(b)</sup>  | Pennsylvania Electric Co.<sup>(b)</sup>  | Pennsylvania Electric Co.<sup>(b)</sup>  |
| 03/30/2026 | &nbsp;&nbsp; 5.150% | 688000 | &nbsp;&nbsp; 688729 |
| 03/15/2028 | &nbsp;&nbsp; 3.250% | 1990000 | &nbsp;&nbsp; 1958151 |
| PG&E Corp.<sup>(n)</sup>  | PG&E Corp.<sup>(n)</sup>  | PG&E Corp.<sup>(n)</sup>  | PG&E Corp.<sup>(n)</sup>  |
| 03/15/2055 | &nbsp;&nbsp; 7.375% | 350000 | &nbsp;&nbsp; 362326 |
| 09/15/2056 | &nbsp;&nbsp; 6.850% | 700000 | &nbsp;&nbsp; 699153 |
| PSEG Power LLC<sup>(b)</sup>  | PSEG Power LLC<sup>(b)</sup>  | PSEG Power LLC<sup>(b)</sup>  | PSEG Power LLC<sup>(b)</sup>  |
| 05/15/2030 | &nbsp;&nbsp; 5.200% | 1130000 | &nbsp;&nbsp; 1166082 |
| 05/15/2035 | &nbsp;&nbsp; 5.750% | 1346000 | &nbsp;&nbsp; 1408433 |
| Public Service Co. of Colorado | Public Service Co. of Colorado | Public Service Co. of Colorado | Public Service Co. of Colorado |
| 04/01/2053 | &nbsp;&nbsp; 5.250% | 2815000 | &nbsp;&nbsp; 2650440 |
| Public Service Co. of New Hampshire | Public Service Co. of New Hampshire | Public Service Co. of New Hampshire | Public Service Co. of New Hampshire |
| 07/01/2028 | &nbsp;&nbsp; 4.400% | 2665000 | &nbsp;&nbsp; 2698571 |
| Public Service Co. of Oklahoma | Public Service Co. of Oklahoma | Public Service Co. of Oklahoma | Public Service Co. of Oklahoma |
| 01/15/2035 | &nbsp;&nbsp; 5.200% | 4035000 | &nbsp;&nbsp; 4114304 |
| Public Service Electric and Gas Co. | Public Service Electric and Gas Co. | Public Service Electric and Gas Co. | Public Service Electric and Gas Co. |
| 03/01/2034 | &nbsp;&nbsp; 5.200% | 475000 | &nbsp;&nbsp; 494875 |
| Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. |
| 11/15/2027 | &nbsp;&nbsp; 5.850% | 697000 | &nbsp;&nbsp; 718584 |
| 04/01/2029 | &nbsp;&nbsp; 5.200% | 1156000 | &nbsp;&nbsp; 1194584 |
| 03/15/2030 | &nbsp;&nbsp; 4.900% | 772000 | &nbsp;&nbsp; 794298 |
| 08/15/2030 | &nbsp;&nbsp; 1.600% | 305000 | &nbsp;&nbsp; 273343 |
| 11/15/2031 | &nbsp;&nbsp; 2.450% | 914000 | &nbsp;&nbsp; 828258 |
| 03/15/2035 | &nbsp;&nbsp; 5.400% | 334000 | &nbsp;&nbsp; 346725 |
| Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. |
| 03/01/2028 | &nbsp;&nbsp; 5.300% | 3740000 | &nbsp;&nbsp; 3826725 |
| 06/01/2029 | &nbsp;&nbsp; 5.150% | 3246000 | &nbsp;&nbsp; 3338781 |
| Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) |
| 07/01/2036 | &nbsp;&nbsp; 4.250% | 595000 | &nbsp;&nbsp; 563214 |
| Southern Co. (The)<sup>(n)</sup>  | Southern Co. (The)<sup>(n)</sup>  | Southern Co. (The)<sup>(n)</sup>  | Southern Co. (The)<sup>(n)</sup>  |
| 09/15/2051 | &nbsp;&nbsp; 3.750% | 874000 | &nbsp;&nbsp; 867789 |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 08/01/2027 | &nbsp;&nbsp; 5.113% | 726000 | &nbsp;&nbsp; 737770 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Southwestern Electric Power Co. | Southwestern Electric Power Co. | Southwestern Electric Power Co. | Southwestern Electric Power Co. |
| 03/15/2026 | &nbsp;&nbsp; 1.650% | 854000 | &nbsp;&nbsp; 853131 |
| 10/01/2026 | &nbsp;&nbsp; 2.750% | 6450000 | &nbsp;&nbsp; 6401015 |
| 04/01/2033 | &nbsp;&nbsp; 5.300% | 364000 | &nbsp;&nbsp; 376971 |
| Southwestern Public Service Co. | Southwestern Public Service Co. | Southwestern Public Service Co. | Southwestern Public Service Co. |
| 05/15/2035 | &nbsp;&nbsp; 5.300% | 3099000 | &nbsp;&nbsp; 3198594 |
| 06/01/2054 | &nbsp;&nbsp; 6.000% | 156000 | &nbsp;&nbsp; 161774 |
| Talen Energy Supply LLC<sup>(b)</sup>  | Talen Energy Supply LLC<sup>(b)</sup>  | Talen Energy Supply LLC<sup>(b)</sup>  | Talen Energy Supply LLC<sup>(b)</sup>  |
| 02/01/2036 | &nbsp;&nbsp; 6.500% | 660000 | &nbsp;&nbsp; 678496 |
| Toledo Edison Co. (The) | Toledo Edison Co. (The) | Toledo Edison Co. (The) | Toledo Edison Co. (The) |
| 05/15/2037 | &nbsp;&nbsp; 6.150% | 951000 | &nbsp;&nbsp; 1051193 |
| Tucson Electric Power Co. | Tucson Electric Power Co. | Tucson Electric Power Co. | Tucson Electric Power Co. |
| 09/15/2034 | &nbsp;&nbsp; 5.200% | 950000 | &nbsp;&nbsp; 979880 |
| 06/15/2050 | &nbsp;&nbsp; 4.000% | 2690000 | &nbsp;&nbsp; 2117003 |
| Virginia Electric & Power Co. | Virginia Electric & Power Co. | Virginia Electric & Power Co. | Virginia Electric & Power Co. |
| 03/15/2027 | &nbsp;&nbsp; 3.500% | 1125000 | &nbsp;&nbsp; 1120987 |
| Virginia Electric and Power Co.<sup>(d)</sup>  | Virginia Electric and Power Co.<sup>(d)</sup>  | Virginia Electric and Power Co.<sup>(d)</sup>  | Virginia Electric and Power Co.<sup>(d)</sup>  |
| 03/15/2036 | &nbsp;&nbsp; 4.950% | 7309000 | &nbsp;&nbsp; 7291426 |
| Virginia Electric and Power Co. | Virginia Electric and Power Co. | Virginia Electric and Power Co. | Virginia Electric and Power Co. |
| 09/15/2055 | &nbsp;&nbsp; 5.600% | 4975000 | &nbsp;&nbsp; 4873217 |
| Vistra Corp.<sup>(b),(m),(n)</sup>  | Vistra Corp.<sup>(b),(m),(n)</sup>  | Vistra Corp.<sup>(b),(m),(n)</sup>  | Vistra Corp.<sup>(b),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 7.000% | 2150000 | &nbsp;&nbsp; 2179005 |
|  | &nbsp;&nbsp; 8.000% | 4650000 | &nbsp;&nbsp; 4732010 |
|  | &nbsp;&nbsp; 8.875% | 2675000 | &nbsp;&nbsp; 2948569 |
| Vistra Operations Co. LLC<sup>(b)</sup>  | Vistra Operations Co. LLC<sup>(b)</sup>  | Vistra Operations Co. LLC<sup>(b)</sup>  | Vistra Operations Co. LLC<sup>(b)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 5.625% | 2075000 | &nbsp;&nbsp; 2073877 |
| 07/31/2027 | &nbsp;&nbsp; 5.000% | 2000000 | &nbsp;&nbsp; 1999987 |
| 05/01/2029 | &nbsp;&nbsp; 4.375% | 965000 | &nbsp;&nbsp; 954713 |
| Vistra Operations Co., LLC<sup>(b)</sup>  | Vistra Operations Co., LLC<sup>(b)</sup>  | Vistra Operations Co., LLC<sup>(b)</sup>  | Vistra Operations Co., LLC<sup>(b)</sup>  |
| 01/30/2027 | &nbsp;&nbsp; 3.700% | 885000 | &nbsp;&nbsp; 880925 |
| VoltaGrid LLC<sup>(b)</sup>  | VoltaGrid LLC<sup>(b)</sup>  | VoltaGrid LLC<sup>(b)</sup>  | VoltaGrid LLC<sup>(b)</sup>  |
| 11/01/2030 | &nbsp;&nbsp; 7.375% | 2000000 | &nbsp;&nbsp; 2087506 |
| WEC Energy Group, Inc. | WEC Energy Group, Inc. | WEC Energy Group, Inc. | WEC Energy Group, Inc. |
| 10/01/2027 | &nbsp;&nbsp; 5.150% | 332000 | &nbsp;&nbsp; 337754 |
| 10/15/2027 | &nbsp;&nbsp; 1.375% | 852000 | &nbsp;&nbsp; 818482 |
| 12/15/2028 | &nbsp;&nbsp; 2.200% | 512000 | &nbsp;&nbsp; 489093 |
| Wisconsin Electric Power Co. | Wisconsin Electric Power Co. | Wisconsin Electric Power Co. | Wisconsin Electric Power Co. |
| 06/15/2028 | &nbsp;&nbsp; 1.700% | 529000 | &nbsp;&nbsp; 505689 |
| Wisconsin Power and Light Co. | Wisconsin Power and Light Co. | Wisconsin Power and Light Co. | Wisconsin Power and Light Co. |
| 03/30/2034 | &nbsp;&nbsp; 5.375% | 4340000 | &nbsp;&nbsp; 4524051 |
| Xcel Energy, Inc. | Xcel Energy, Inc. | Xcel Energy, Inc. | Xcel Energy, Inc. |
| 03/21/2028 | &nbsp;&nbsp; 4.750% | 1165000 | &nbsp;&nbsp; 1182908 |
| 04/15/2035 | &nbsp;&nbsp; 5.600% | 941000 | &nbsp;&nbsp; 982954 |
| Xcel Energy, Inc.<sup>(d),(n)</sup>  | Xcel Energy, Inc.<sup>(d),(n)</sup>  | Xcel Energy, Inc.<sup>(d),(n)</sup>  | Xcel Energy, Inc.<sup>(d),(n)</sup>  |
| 12/03/2056 | &nbsp;&nbsp; 5.750% | 2297000 | &nbsp;&nbsp; 2296287 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **289100419** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** |
| Clean Harbors Inc.<sup>(b)</sup>  | Clean Harbors Inc.<sup>(b)</sup>  | Clean Harbors Inc.<sup>(b)</sup>  | Clean Harbors Inc.<sup>(b)</sup>  |
| 10/15/2033 | &nbsp;&nbsp; 5.750% | 575000 | &nbsp;&nbsp; 588388 |
| GFL Environmental Holdings US, Inc.<sup>(b)</sup>  | GFL Environmental Holdings US, Inc.<sup>(b)</sup>  | GFL Environmental Holdings US, Inc.<sup>(b)</sup>  | GFL Environmental Holdings US, Inc.<sup>(b)</sup>  |
| 02/01/2034 | &nbsp;&nbsp; 5.500% | 1525000 | &nbsp;&nbsp; 1531698 |
| GFL Environmental, Inc.<sup>(b)</sup>  | GFL Environmental, Inc.<sup>(b)</sup>  | GFL Environmental, Inc.<sup>(b)</sup>  | GFL Environmental, Inc.<sup>(b)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 6.750% | 380000 | &nbsp;&nbsp; 398441 |
| Waste Pro USA, Inc.<sup>(b)</sup>  | Waste Pro USA, Inc.<sup>(b)</sup>  | Waste Pro USA, Inc.<sup>(b)</sup>  | Waste Pro USA, Inc.<sup>(b)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 7.000% | 825000 | &nbsp;&nbsp; 859085 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3377612** |
| **Finance Companies 0.8%** | **Finance Companies 0.8%** | **Finance Companies 0.8%** | **Finance Companies 0.8%** |
| Aercap Ireland Capital DAC/Global Aviation Trust | Aercap Ireland Capital DAC/Global Aviation Trust | Aercap Ireland Capital DAC/Global Aviation Trust | Aercap Ireland Capital DAC/Global Aviation Trust |
| 02/28/2029 | &nbsp;&nbsp; 4.125% | 5235000 | &nbsp;&nbsp; 5236875 |
| AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust |
| 10/29/2026 | &nbsp;&nbsp; 2.450% | 445000 | &nbsp;&nbsp; 440636 |
| 10/29/2028 | &nbsp;&nbsp; 3.000% | 5655000 | &nbsp;&nbsp; 5498917 |
| Air Lease Corp. | Air Lease Corp. | Air Lease Corp. | Air Lease Corp. |
| 12/01/2027 | &nbsp;&nbsp; 3.625% | 465000 | &nbsp;&nbsp; 461834 |
| 07/15/2031 | &nbsp;&nbsp; 5.200% | 879000 | &nbsp;&nbsp; 901419 |
| Aircastle Ltd.<sup>(b)</sup>  | Aircastle Ltd.<sup>(b)</sup>  | Aircastle Ltd.<sup>(b)</sup>  | Aircastle Ltd.<sup>(b)</sup>  |
| 01/26/2028 | &nbsp;&nbsp; 2.850% | 3335000 | &nbsp;&nbsp; 3254941 |
| 07/18/2028 | &nbsp;&nbsp; 6.500% | 1725000 | &nbsp;&nbsp; 1811257 |
| Apollo Debt Solutions BDC | Apollo Debt Solutions BDC | Apollo Debt Solutions BDC | Apollo Debt Solutions BDC |
| 08/30/2030 | &nbsp;&nbsp; 5.875% | 1610000 | &nbsp;&nbsp; 1622147 |
| Apollo Debt Solutions BDC<sup>(b)</sup>  | Apollo Debt Solutions BDC<sup>(b)</sup>  | Apollo Debt Solutions BDC<sup>(b)</sup>  | Apollo Debt Solutions BDC<sup>(b)</sup>  |
| 01/23/2031 | &nbsp;&nbsp; 5.700% | 1283000 | &nbsp;&nbsp; 1272900 |
| Ares Capital Corp. | Ares Capital Corp. | Ares Capital Corp. | Ares Capital Corp. |
| 04/12/2031 | &nbsp;&nbsp; 5.250% | 1255000 | &nbsp;&nbsp; 1229203 |
| Ares Strategic Income Fund | Ares Strategic Income Fund | Ares Strategic Income Fund | Ares Strategic Income Fund |
| 03/15/2028 | &nbsp;&nbsp; 5.700% | 2810000 | &nbsp;&nbsp; 2830375 |
| Aviation Capital Group LLC<sup>(b)</sup>  | Aviation Capital Group LLC<sup>(b)</sup>  | Aviation Capital Group LLC<sup>(b)</sup>  | Aviation Capital Group LLC<sup>(b)</sup>  |
| 04/30/2029 | &nbsp;&nbsp; 4.250% | 1097000 | &nbsp;&nbsp; 1097157 |
| 04/10/2030 | &nbsp;&nbsp; 5.125% | 2885000 | &nbsp;&nbsp; 2958392 |
| Avolon Holdings Funding Ltd.<sup>(b)</sup>  | Avolon Holdings Funding Ltd.<sup>(b)</sup>  | Avolon Holdings Funding Ltd.<sup>(b)</sup>  | Avolon Holdings Funding Ltd.<sup>(b)</sup>  |
| 11/18/2027 | &nbsp;&nbsp; 2.528% | 1003000 | &nbsp;&nbsp; 975442 |
| 01/15/2028 | &nbsp;&nbsp; 4.950% | 3532000 | &nbsp;&nbsp; 3578065 |
| 04/15/2029 | &nbsp;&nbsp; 4.200% | 1755000 | &nbsp;&nbsp; 1750345 |
| 10/15/2032 | &nbsp;&nbsp; 4.950% | 2910000 | &nbsp;&nbsp; 2915471 |
| Bain Capital Specialty Finance, Inc. | Bain Capital Specialty Finance, Inc. | Bain Capital Specialty Finance, Inc. | Bain Capital Specialty Finance, Inc. |
| 10/13/2026 | &nbsp;&nbsp; 2.550% | 1777000 | &nbsp;&nbsp; 1752829 |
| 03/15/2030 | &nbsp;&nbsp; 5.950% | 1030000 | &nbsp;&nbsp; 1025098 |
| 03/01/2031 | &nbsp;&nbsp; 5.950% | 1689000 | &nbsp;&nbsp; 1646111 |
| Barings BDC, Inc. | Barings BDC, Inc. | Barings BDC, Inc. | Barings BDC, Inc. |
| 09/15/2028 | &nbsp;&nbsp; 5.200% | 2584000 | &nbsp;&nbsp; 2556534 |
| Blue Owl Capital Corp II | Blue Owl Capital Corp II | Blue Owl Capital Corp II | Blue Owl Capital Corp II |
| 11/15/2026 | &nbsp;&nbsp; 8.450% | 1805000 | &nbsp;&nbsp; 1838070 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Blue Owl Credit Income Corp. | Blue Owl Credit Income Corp. | Blue Owl Credit Income Corp. | Blue Owl Credit Income Corp. |
| 06/13/2028 | &nbsp;&nbsp; 7.950% | 1160000 | &nbsp;&nbsp; 1203712 |
| 09/15/2029 | &nbsp;&nbsp; 6.600% | 1410000 | &nbsp;&nbsp; 1424489 |
| Blue Owl Technology Finance Corp. II | Blue Owl Technology Finance Corp. II | Blue Owl Technology Finance Corp. II | Blue Owl Technology Finance Corp. II |
| 04/04/2029 | &nbsp;&nbsp; 6.750% | 3005000 | &nbsp;&nbsp; 2993694 |
| Carlyle Secured Lending, Inc. | Carlyle Secured Lending, Inc. | Carlyle Secured Lending, Inc. | Carlyle Secured Lending, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 5.750% | 2315000 | &nbsp;&nbsp; 2237574 |
| Fortress Transportation and Infrastructure Investors LLC<sup>(b)</sup>  | Fortress Transportation and Infrastructure Investors LLC<sup>(b)</sup>  | Fortress Transportation and Infrastructure Investors LLC<sup>(b)</sup>  | Fortress Transportation and Infrastructure Investors LLC<sup>(b)</sup>  |
| 06/15/2032 | &nbsp;&nbsp; 7.000% | 1005000 | &nbsp;&nbsp; 1055260 |
| Freedom Mortgage Holdings LLC<sup>(b)</sup>  | Freedom Mortgage Holdings LLC<sup>(b)</sup>  | Freedom Mortgage Holdings LLC<sup>(b)</sup>  | Freedom Mortgage Holdings LLC<sup>(b)</sup>  |
| 05/01/2031 | &nbsp;&nbsp; 6.875% | 740000 | &nbsp;&nbsp; 714044 |
| 05/15/2031 | &nbsp;&nbsp; 9.125% | 865000 | &nbsp;&nbsp; 896425 |
| FS KKR Capital Corp. | FS KKR Capital Corp. | FS KKR Capital Corp. | FS KKR Capital Corp. |
| 01/15/2029 | &nbsp;&nbsp; 7.875% | 1078000 | &nbsp;&nbsp; 1098801 |
| 01/15/2030 | &nbsp;&nbsp; 6.125% | 1540000 | &nbsp;&nbsp; 1476074 |
| GATX Corp. | GATX Corp. | GATX Corp. | GATX Corp. |
| 03/15/2027 | &nbsp;&nbsp; 5.400% | 1715000 | &nbsp;&nbsp; 1739474 |
| 06/30/2030 | &nbsp;&nbsp; 4.000% | 530000 | &nbsp;&nbsp; 526051 |
| 06/05/2054 | &nbsp;&nbsp; 6.050% | 247000 | &nbsp;&nbsp; 255083 |
| Golub Capital BDC, Inc. | Golub Capital BDC, Inc. | Golub Capital BDC, Inc. | Golub Capital BDC, Inc. |
| 08/24/2026 | &nbsp;&nbsp; 2.500% | 1456000 | &nbsp;&nbsp; 1439288 |
| 12/05/2028 | &nbsp;&nbsp; 7.050% | 2075000 | &nbsp;&nbsp; 2158823 |
| 07/15/2029 | &nbsp;&nbsp; 6.000% | 310000 | &nbsp;&nbsp; 310947 |
| Golub Capital Private Credit Fund<sup>(b)</sup>  | Golub Capital Private Credit Fund<sup>(b)</sup>  | Golub Capital Private Credit Fund<sup>(b)</sup>  | Golub Capital Private Credit Fund<sup>(b)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 5.450% | 875000 | &nbsp;&nbsp; 875275 |
| Hercules Capital, Inc. | Hercules Capital, Inc. | Hercules Capital, Inc. | Hercules Capital, Inc. |
| 01/20/2027 | &nbsp;&nbsp; 3.375% | 3675000 | &nbsp;&nbsp; 3621735 |
| 02/10/2029 | &nbsp;&nbsp; 5.350% | 1026000 | &nbsp;&nbsp; 1020549 |
| HPS Corporate Lending Fund | HPS Corporate Lending Fund | HPS Corporate Lending Fund | HPS Corporate Lending Fund |
| 01/14/2028 | &nbsp;&nbsp; 5.450% | 2051000 | &nbsp;&nbsp; 2059011 |
| HPS Corporate Lending Fund<sup>(b)</sup>  | HPS Corporate Lending Fund<sup>(b)</sup>  | HPS Corporate Lending Fund<sup>(b)</sup>  | HPS Corporate Lending Fund<sup>(b)</sup>  |
| 11/15/2030 | &nbsp;&nbsp; 5.450% | 1970000 | &nbsp;&nbsp; 1939628 |
| 04/02/2031 | &nbsp;&nbsp; 5.650% | 2005000 | &nbsp;&nbsp; 1986283 |
| Macquarie Airfinance Holdings Ltd.<sup>(b)</sup>  | Macquarie Airfinance Holdings Ltd.<sup>(b)</sup>  | Macquarie Airfinance Holdings Ltd.<sup>(b)</sup>  | Macquarie Airfinance Holdings Ltd.<sup>(b)</sup>  |
| 03/27/2028 | &nbsp;&nbsp; 5.200% | 2790000 | &nbsp;&nbsp; 2836640 |
| Main Street Capital Corp. | Main Street Capital Corp. | Main Street Capital Corp. | Main Street Capital Corp. |
| 07/14/2026 | &nbsp;&nbsp; 3.000% | 256000 | &nbsp;&nbsp; 253926 |
| 06/04/2027 | &nbsp;&nbsp; 6.500% | 2330000 | &nbsp;&nbsp; 2368588 |
| Midcap Financial Issuer Trust<sup>(b)</sup>  | Midcap Financial Issuer Trust<sup>(b)</sup>  | Midcap Financial Issuer Trust<sup>(b)</sup>  | Midcap Financial Issuer Trust<sup>(b)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 6.500% | 720000 | &nbsp;&nbsp; 715864 |
| Mitsubishi HC Finance America LLC<sup>(b)</sup>  | Mitsubishi HC Finance America LLC<sup>(b)</sup>  | Mitsubishi HC Finance America LLC<sup>(b)</sup>  | Mitsubishi HC Finance America LLC<sup>(b)</sup>  |
| 10/24/2029 | &nbsp;&nbsp; 5.150% | 5560000 | &nbsp;&nbsp; 5747767 |
| MSD Investment Corp.<sup>(b)</sup>  | MSD Investment Corp.<sup>(b)</sup>  | MSD Investment Corp.<sup>(b)</sup>  | MSD Investment Corp.<sup>(b)</sup>  |
| 05/31/2030 | &nbsp;&nbsp; 6.250% | 1245000 | &nbsp;&nbsp; 1245823 |
| 02/05/2031 | &nbsp;&nbsp; 6.125% | 784000 | &nbsp;&nbsp; 774412 |
| North Haven Private Income Fund LLC<sup>(b)</sup>  | North Haven Private Income Fund LLC<sup>(b)</sup>  | North Haven Private Income Fund LLC<sup>(b)</sup>  | North Haven Private Income Fund LLC<sup>(b)</sup>  |
| 09/25/2028 | &nbsp;&nbsp; 5.125% | 1525000 | &nbsp;&nbsp; 1508849 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. |
| 05/15/2029 | &nbsp;&nbsp; 6.625% | 2345000 | &nbsp;&nbsp; 2397674 |
| PennyMac Financial Services, Inc.<sup>(b)</sup>  | PennyMac Financial Services, Inc.<sup>(b)</sup>  | PennyMac Financial Services, Inc.<sup>(b)</sup>  | PennyMac Financial Services, Inc.<sup>(b)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 4.250% | 1900000 | &nbsp;&nbsp; 1826567 |
| 09/15/2031 | &nbsp;&nbsp; 5.750% | 1825000 | &nbsp;&nbsp; 1775627 |
| Rocket Cos, Inc.<sup>(b)</sup>  | Rocket Cos, Inc.<sup>(b)</sup>  | Rocket Cos, Inc.<sup>(b)</sup>  | Rocket Cos, Inc.<sup>(b)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.500% | 1315000 | &nbsp;&nbsp; 1351431 |
| 08/01/2033 | &nbsp;&nbsp; 6.375% | 1075000 | &nbsp;&nbsp; 1111634 |
| Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(b)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(b)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(b)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(b)</sup>  |
| 03/01/2031 | &nbsp;&nbsp; 3.875% | 800000 | &nbsp;&nbsp; 751836 |
| Sixth Street Lending Partners | Sixth Street Lending Partners | Sixth Street Lending Partners | Sixth Street Lending Partners |
| 03/11/2029 | &nbsp;&nbsp; 6.500% | 2985000 | &nbsp;&nbsp; 3083167 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **105436043** |
| **Food and Beverage 0.6%** | **Food and Beverage 0.6%** | **Food and Beverage 0.6%** | **Food and Beverage 0.6%** |
| Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | Anheuser-Busch Companies LLC/InBev Worldwide, Inc. | Anheuser-Busch Companies LLC/InBev Worldwide, Inc. |
| 02/01/2046 | &nbsp;&nbsp; 4.900% | 6328000 | &nbsp;&nbsp; 5950585 |
| B&G Foods, Inc. | B&G Foods, Inc. | B&G Foods, Inc. | B&G Foods, Inc. |
| 09/15/2027 | &nbsp;&nbsp; 5.250% | 1775000 | &nbsp;&nbsp; 1723014 |
| B&G Foods, Inc.<sup>(b)</sup>  | B&G Foods, Inc.<sup>(b)</sup>  | B&G Foods, Inc.<sup>(b)</sup>  | B&G Foods, Inc.<sup>(b)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 8.000% | 1825000 | &nbsp;&nbsp; 1770686 |
| Bacardi-Martini BV<sup>(b)</sup>  | Bacardi-Martini BV<sup>(b)</sup>  | Bacardi-Martini BV<sup>(b)</sup>  | Bacardi-Martini BV<sup>(b)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 5.550% | 3970000 | &nbsp;&nbsp; 4121529 |
| Campbell Soup Co. | Campbell Soup Co. | Campbell Soup Co. | Campbell Soup Co. |
| 03/21/2029 | &nbsp;&nbsp; 5.200% | 917000 | &nbsp;&nbsp; 943086 |
| Campbell's Co. (The) | Campbell's Co. (The) | Campbell's Co. (The) | Campbell's Co. (The) |
| 03/21/2031 | &nbsp;&nbsp; 4.550% | 5860000 | &nbsp;&nbsp; 5862080 |
| Cargill, Inc.<sup>(b)</sup>  | Cargill, Inc.<sup>(b)</sup>  | Cargill, Inc.<sup>(b)</sup>  | Cargill, Inc.<sup>(b)</sup>  |
| 04/23/2030 | &nbsp;&nbsp; 2.125% | 492000 | &nbsp;&nbsp; 457054 |
| 02/02/2031 | &nbsp;&nbsp; 1.700% | 542000 | &nbsp;&nbsp; 486027 |
| Coca-Cola Consolidated, Inc. | Coca-Cola Consolidated, Inc. | Coca-Cola Consolidated, Inc. | Coca-Cola Consolidated, Inc. |
| 06/01/2029 | &nbsp;&nbsp; 5.250% | 920000 | &nbsp;&nbsp; 954379 |
| Fiesta Purchaser, Inc.<sup>(b)</sup>  | Fiesta Purchaser, Inc.<sup>(b)</sup>  | Fiesta Purchaser, Inc.<sup>(b)</sup>  | Fiesta Purchaser, Inc.<sup>(b)</sup>  |
| 03/01/2031 | &nbsp;&nbsp; 7.875% | 640000 | &nbsp;&nbsp; 659503 |
| Hershey Co. (The) | Hershey Co. (The) | Hershey Co. (The) | Hershey Co. (The) |
| 02/24/2032 | &nbsp;&nbsp; 4.950% | 2075000 | &nbsp;&nbsp; 2168875 |
| JBS NV/USA Foods Group Holdings, Inc./Co. Holdings | JBS NV/USA Foods Group Holdings, Inc./Co. Holdings | JBS NV/USA Foods Group Holdings, Inc./Co. Holdings | JBS NV/USA Foods Group Holdings, Inc./Co. Holdings |
| 03/01/2056 | &nbsp;&nbsp; 6.250% | 3784000 | &nbsp;&nbsp; 3867855 |
| JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. |
| 04/01/2033 | &nbsp;&nbsp; 5.750% | 2810000 | &nbsp;&nbsp; 2953212 |
| JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl |
| 03/15/2034 | &nbsp;&nbsp; 6.750% | 2364000 | &nbsp;&nbsp; 2633110 |
| JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. |
| 12/01/2031 | &nbsp;&nbsp; 3.750% | 1500000 | &nbsp;&nbsp; 1433147 |
| 05/15/2032 | &nbsp;&nbsp; 3.000% | 335000 | &nbsp;&nbsp; 304946 |
| 12/01/2052 | &nbsp;&nbsp; 6.500% | 1399000 | &nbsp;&nbsp; 1475982 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Lamb Weston Holdings, Inc.<sup>(b)</sup>  | Lamb Weston Holdings, Inc.<sup>(b)</sup>  | Lamb Weston Holdings, Inc.<sup>(b)</sup>  | Lamb Weston Holdings, Inc.<sup>(b)</sup>  | Lamb Weston Holdings, Inc.<sup>(b)</sup>  |
| 01/31/2030 | &nbsp;&nbsp; 4.125% |  | 1725000 | &nbsp;&nbsp; 1672050 |
| 01/31/2032 | &nbsp;&nbsp; 4.375% |  | 575000 | &nbsp;&nbsp; 549231 |
| Mars, Inc.<sup>(b)</sup>  | Mars, Inc.<sup>(b)</sup>  | Mars, Inc.<sup>(b)</sup>  | Mars, Inc.<sup>(b)</sup>  | Mars, Inc.<sup>(b)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 5.000% |  | 858000 | &nbsp;&nbsp; 887733 |
| 03/01/2035 | &nbsp;&nbsp; 5.200% |  | 1499000 | &nbsp;&nbsp; 1552723 |
| 05/01/2045 | &nbsp;&nbsp; 5.650% |  | 649000 | &nbsp;&nbsp; 664200 |
| 05/01/2055 | &nbsp;&nbsp; 5.700% |  | 1025000 | &nbsp;&nbsp; 1039331 |
| McCormick & Co., Inc. | McCormick & Co., Inc. | McCormick & Co., Inc. | McCormick & Co., Inc. | McCormick & Co., Inc. |
| 02/15/2029 | &nbsp;&nbsp; 4.150% |  | 1615000 | &nbsp;&nbsp; 1626110 |
| Minerva Luxembourg SA<sup>(b)</sup>  | Minerva Luxembourg SA<sup>(b)</sup>  | Minerva Luxembourg SA<sup>(b)</sup>  | Minerva Luxembourg SA<sup>(b)</sup>  | Minerva Luxembourg SA<sup>(b)</sup>  |
| 09/13/2033 | &nbsp;&nbsp; 8.875% |  | 1300000 | &nbsp;&nbsp; 1421286 |
| Performance Food Group, Inc.<sup>(b)</sup>  | Performance Food Group, Inc.<sup>(b)</sup>  | Performance Food Group, Inc.<sup>(b)</sup>  | Performance Food Group, Inc.<sup>(b)</sup>  | Performance Food Group, Inc.<sup>(b)</sup>  |
| 03/01/2034 | &nbsp;&nbsp; 5.625% |  | 675000 | &nbsp;&nbsp; 677409 |
| Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. |
| 04/15/2031 | &nbsp;&nbsp; 4.250% |  | 2000000 | &nbsp;&nbsp; 1961064 |
| 03/01/2032 | &nbsp;&nbsp; 3.500% |  | 6479000 | &nbsp;&nbsp; 6045709 |
| 05/15/2034 | &nbsp;&nbsp; 6.875% |  | 4250000 | &nbsp;&nbsp; 4762173 |
| Post Holdings, Inc.<sup>(b)</sup>  | Post Holdings, Inc.<sup>(b)</sup>  | Post Holdings, Inc.<sup>(b)</sup>  | Post Holdings, Inc.<sup>(b)</sup>  | Post Holdings, Inc.<sup>(b)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 4.625% |  | 1349000 | &nbsp;&nbsp; 1321869 |
| 03/01/2033 | &nbsp;&nbsp; 6.375% |  | 1515000 | &nbsp;&nbsp; 1543272 |
| Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(b)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(b)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(b)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(b)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(b)</sup>  |
| 04/30/2029 | &nbsp;&nbsp; 4.375% |  | 610000 | &nbsp;&nbsp; 597938 |
| Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(b)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(b)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(b)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(b)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(b)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 4.625% |  | 615000 | &nbsp;&nbsp; 592281 |
| Smithfield Foods, Inc.<sup>(b)</sup>  | Smithfield Foods, Inc.<sup>(b)</sup>  | Smithfield Foods, Inc.<sup>(b)</sup>  | Smithfield Foods, Inc.<sup>(b)</sup>  | Smithfield Foods, Inc.<sup>(b)</sup>  |
| 02/01/2027 | &nbsp;&nbsp; 4.250% |  | 2500000 | &nbsp;&nbsp; 2499862 |
| 10/15/2030 | &nbsp;&nbsp; 3.000% |  | 2020000 | &nbsp;&nbsp; 1883367 |
| Suntory Holdings, Ltd.<sup>(b)</sup>  | Suntory Holdings, Ltd.<sup>(b)</sup>  | Suntory Holdings, Ltd.<sup>(b)</sup>  | Suntory Holdings, Ltd.<sup>(b)</sup>  | Suntory Holdings, Ltd.<sup>(b)</sup>  |
| 06/11/2029 | &nbsp;&nbsp; 5.124% |  | 2100000 | &nbsp;&nbsp; 2162607 |
| Sysco Corp. | Sysco Corp. | Sysco Corp. | Sysco Corp. | Sysco Corp. |
| 07/25/2031 | &nbsp;&nbsp; 4.400% |  | 2793000 | &nbsp;&nbsp; 2803081 |
| Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. |
| 03/15/2029 | &nbsp;&nbsp; 5.400% |  | 614000 | &nbsp;&nbsp; 636726 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **74665092** |
| **Gaming 0.4%** | **Gaming 0.4%** | **Gaming 0.4%** | **Gaming 0.4%** | **Gaming 0.4%** |
| Caesars Entertainment, Inc.<sup>(b)</sup>  | Caesars Entertainment, Inc.<sup>(b)</sup>  | Caesars Entertainment, Inc.<sup>(b)</sup>  | Caesars Entertainment, Inc.<sup>(b)</sup>  | Caesars Entertainment, Inc.<sup>(b)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 4.625% |  | 4975000 | &nbsp;&nbsp; 4863585 |
| 02/15/2030 | &nbsp;&nbsp; 7.000% |  | 1100000 | &nbsp;&nbsp; 1128185 |
| FDJ United<sup>(b)</sup>  | FDJ United<sup>(b)</sup>  | FDJ United<sup>(b)</sup>  | FDJ United<sup>(b)</sup>  | FDJ United<sup>(b)</sup>  |
| 11/21/2033 | &nbsp;&nbsp; 3.375% | EUR | 1600000 | &nbsp;&nbsp; 1883913 |
| Flutter Treasury DAC<sup>(b)</sup>  | Flutter Treasury DAC<sup>(b)</sup>  | Flutter Treasury DAC<sup>(b)</sup>  | Flutter Treasury DAC<sup>(b)</sup>  | Flutter Treasury DAC<sup>(b)</sup>  |
| 06/04/2031 | &nbsp;&nbsp; 6.125% | GBP | 925000 | &nbsp;&nbsp; 1252623 |
| GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. |
| 01/15/2029 | &nbsp;&nbsp; 5.300% |  | 205000 | &nbsp;&nbsp; 209203 |
| 01/15/2030 | &nbsp;&nbsp; 4.000% |  | 555000 | &nbsp;&nbsp; 541761 |
| 01/15/2031 | &nbsp;&nbsp; 4.000% |  | 510000 | &nbsp;&nbsp; 491295 |
| 02/15/2033 | &nbsp;&nbsp; 5.250% |  | 2323000 | &nbsp;&nbsp; 2349364 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GLP Capital LP/Financing II, Inc.<sup>(d)</sup>  | GLP Capital LP/Financing II, Inc.<sup>(d)</sup>  | GLP Capital LP/Financing II, Inc.<sup>(d)</sup>  | GLP Capital LP/Financing II, Inc.<sup>(d)</sup>  |
| 03/01/2036 | &nbsp;&nbsp; 5.625% | 4755000 | &nbsp;&nbsp; 4755168 |
| Great Canadian Gaming Corp./Raptor LLC<sup>(b)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(b)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(b)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(b)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 8.750% | 116000 | &nbsp;&nbsp; 117900 |
| Jacobs Entertainment, Inc.<sup>(b)</sup>  | Jacobs Entertainment, Inc.<sup>(b)</sup>  | Jacobs Entertainment, Inc.<sup>(b)</sup>  | Jacobs Entertainment, Inc.<sup>(b)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 6.750% | 650000 | &nbsp;&nbsp; 639006 |
| Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. |
| 06/15/2028 | &nbsp;&nbsp; 5.625% | 4705000 | &nbsp;&nbsp; 4819024 |
| 06/14/2030 | &nbsp;&nbsp; 6.000% | 2970000 | &nbsp;&nbsp; 3118359 |
| Light & Wonder International, Inc.<sup>(b)</sup>  | Light & Wonder International, Inc.<sup>(b)</sup>  | Light & Wonder International, Inc.<sup>(b)</sup>  | Light & Wonder International, Inc.<sup>(b)</sup>  |
| 10/01/2033 | &nbsp;&nbsp; 6.250% | 885000 | &nbsp;&nbsp; 888132 |
| MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International |
| 09/01/2026 | &nbsp;&nbsp; 4.625% | 188000 | &nbsp;&nbsp; 187926 |
| 04/15/2027 | &nbsp;&nbsp; 5.500% | 1500000 | &nbsp;&nbsp; 1513670 |
| 10/15/2028 | &nbsp;&nbsp; 4.750% | 1575000 | &nbsp;&nbsp; 1575551 |
| 04/15/2032 | &nbsp;&nbsp; 6.500% | 1445000 | &nbsp;&nbsp; 1482931 |
| Midwest Gaming Borrower LLC<sup>(b)</sup>  | Midwest Gaming Borrower LLC<sup>(b)</sup>  | Midwest Gaming Borrower LLC<sup>(b)</sup>  | Midwest Gaming Borrower LLC<sup>(b)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 4.875% | 2225000 | &nbsp;&nbsp; 2186938 |
| Ontario Gaming GTA LP<sup>(b)</sup>  | Ontario Gaming GTA LP<sup>(b)</sup>  | Ontario Gaming GTA LP<sup>(b)</sup>  | Ontario Gaming GTA LP<sup>(b)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 8.000% | 269000 | &nbsp;&nbsp; 259685 |
| Sands China Ltd. | Sands China Ltd. | Sands China Ltd. | Sands China Ltd. |
| 08/08/2028 | &nbsp;&nbsp; 5.400% | 382000 | &nbsp;&nbsp; 389994 |
| Scientific Games Holdings LP/US FinCo, Inc.<sup>(b)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(b)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(b)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(b)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 6.625% | 825000 | &nbsp;&nbsp; 748252 |
| Station Casinos LLC<sup>(b)</sup>  | Station Casinos LLC<sup>(b)</sup>  | Station Casinos LLC<sup>(b)</sup>  | Station Casinos LLC<sup>(b)</sup>  |
| 03/15/2032 | &nbsp;&nbsp; 6.625% | 1370000 | &nbsp;&nbsp; 1402385 |
| VICI Properties LP | VICI Properties LP | VICI Properties LP | VICI Properties LP |
| 04/01/2028 | &nbsp;&nbsp; 4.750% | 2065000 | &nbsp;&nbsp; 2085636 |
| VICI Properties LP/Note Co., Inc.<sup>(b)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(b)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(b)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(b)</sup>  |
| 09/01/2026 | &nbsp;&nbsp; 4.500% | 1915000 | &nbsp;&nbsp; 1915598 |
| 02/01/2027 | &nbsp;&nbsp; 5.750% | 475000 | &nbsp;&nbsp; 479370 |
| 02/15/2027 | &nbsp;&nbsp; 3.750% | 2000000 | &nbsp;&nbsp; 1990252 |
| 02/15/2029 | &nbsp;&nbsp; 3.875% | 410000 | &nbsp;&nbsp; 404253 |
| 08/15/2030 | &nbsp;&nbsp; 4.125% | 249000 | &nbsp;&nbsp; 242924 |
| Voyager Parent LLC<sup>(b)</sup>  | Voyager Parent LLC<sup>(b)</sup>  | Voyager Parent LLC<sup>(b)</sup>  | Voyager Parent LLC<sup>(b)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.250% | 2274000 | &nbsp;&nbsp; 2427719 |
| Wynn Resorts Finance LLC/Capital Corp.<sup>(b)</sup>  | Wynn Resorts Finance LLC/Capital Corp.<sup>(b)</sup>  | Wynn Resorts Finance LLC/Capital Corp.<sup>(b)</sup>  | Wynn Resorts Finance LLC/Capital Corp.<sup>(b)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 5.125% | 1000000 | &nbsp;&nbsp; 1007342 |
| 03/15/2033 | &nbsp;&nbsp; 6.250% | 2015000 | &nbsp;&nbsp; 2058096 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **49416040** |
| **Health Care 1.3%** | **Health Care 1.3%** | **Health Care 1.3%** | **Health Care 1.3%** |
| Abbott Laboratories<sup>(d)</sup>  | Abbott Laboratories<sup>(d)</sup>  | Abbott Laboratories<sup>(d)</sup>  | Abbott Laboratories<sup>(d)</sup>  |
| 03/15/2056 | &nbsp;&nbsp; 5.500% | 10727000 | &nbsp;&nbsp; 10767867 |
| 03/15/2066 | &nbsp;&nbsp; 5.600% | 725000 | &nbsp;&nbsp; 725698 |
| AdaptHealth LLC<sup>(b)</sup>  | AdaptHealth LLC<sup>(b)</sup>  | AdaptHealth LLC<sup>(b)</sup>  | AdaptHealth LLC<sup>(b)</sup>  |
| 08/01/2028 | &nbsp;&nbsp; 6.125% | 1470000 | &nbsp;&nbsp; 1474759 |
| 08/01/2029 | &nbsp;&nbsp; 4.625% | 925000 | &nbsp;&nbsp; 888019 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| AMN Healthcare, Inc.<sup>(b)</sup>  | AMN Healthcare, Inc.<sup>(b)</sup>  | AMN Healthcare, Inc.<sup>(b)</sup>  | AMN Healthcare, Inc.<sup>(b)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 4.000% | 3450000 | &nbsp;&nbsp; 3299555 |
| Barnabas Health, Inc. | Barnabas Health, Inc. | Barnabas Health, Inc. | Barnabas Health, Inc. |
| 07/01/2028 | &nbsp;&nbsp; 4.000% | 3200000 | &nbsp;&nbsp; 3206905 |
| Becton Dickinson and Co. | Becton Dickinson and Co. | Becton Dickinson and Co. | Becton Dickinson and Co. |
| 02/13/2028 | &nbsp;&nbsp; 4.693% | 1135000 | &nbsp;&nbsp; 1149681 |
| 08/22/2032 | &nbsp;&nbsp; 4.298% | 2913000 | &nbsp;&nbsp; 2909759 |
| Cardinal Health, Inc. | Cardinal Health, Inc. | Cardinal Health, Inc. | Cardinal Health, Inc. |
| 11/15/2026 | &nbsp;&nbsp; 4.700% | 1429000 | &nbsp;&nbsp; 1435956 |
| 11/15/2029 | &nbsp;&nbsp; 5.000% | 5575000 | &nbsp;&nbsp; 5744661 |
| 02/15/2034 | &nbsp;&nbsp; 5.450% | 210000 | &nbsp;&nbsp; 220867 |
| Cencora, Inc. | Cencora, Inc. | Cencora, Inc. | Cencora, Inc. |
| 02/15/2034 | &nbsp;&nbsp; 5.125% | 768000 | &nbsp;&nbsp; 795998 |
| 02/13/2056 | &nbsp;&nbsp; 5.650% | 2035000 | &nbsp;&nbsp; 2044110 |
| CHS/Community Health Systems, Inc.<sup>(b)</sup>  | CHS/Community Health Systems, Inc.<sup>(b)</sup>  | CHS/Community Health Systems, Inc.<sup>(b)</sup>  | CHS/Community Health Systems, Inc.<sup>(b)</sup>  |
| 05/15/2030 | &nbsp;&nbsp; 5.250% | 755000 | &nbsp;&nbsp; 725629 |
| Cigna Corp. | Cigna Corp. | Cigna Corp. | Cigna Corp. |
| 03/15/2031 | &nbsp;&nbsp; 2.375% | 4145000 | &nbsp;&nbsp; 3800989 |
| 08/15/2038 | &nbsp;&nbsp; 4.800% | 236000 | &nbsp;&nbsp; 228519 |
| 10/15/2047 | &nbsp;&nbsp; 3.875% | 2070000 | &nbsp;&nbsp; 1606872 |
| 03/15/2051 | &nbsp;&nbsp; 3.400% | 1215000 | &nbsp;&nbsp; 854692 |
| Cigna Group (The) | Cigna Group (The) | Cigna Group (The) | Cigna Group (The) |
| 01/15/2036 | &nbsp;&nbsp; 5.250% | 6953000 | &nbsp;&nbsp; 7138126 |
| 02/15/2054 | &nbsp;&nbsp; 5.600% | 2486000 | &nbsp;&nbsp; 2432830 |
| CommonSpirit Health | CommonSpirit Health | CommonSpirit Health | CommonSpirit Health |
| 12/01/2031 | &nbsp;&nbsp; 5.205% | 9875000 | &nbsp;&nbsp; 10295208 |
| 11/01/2042 | &nbsp;&nbsp; 4.350% | 120000 | &nbsp;&nbsp; 107113 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 02/21/2030 | &nbsp;&nbsp; 5.125% | 509000 | &nbsp;&nbsp; 524797 |
| 08/21/2030 | &nbsp;&nbsp; 1.750% | 3835000 | &nbsp;&nbsp; 3446357 |
| 09/15/2031 | &nbsp;&nbsp; 2.125% | 560000 | &nbsp;&nbsp; 496997 |
| 02/21/2033 | &nbsp;&nbsp; 5.250% | 328000 | &nbsp;&nbsp; 340236 |
| 07/20/2035 | &nbsp;&nbsp; 4.875% | 720000 | &nbsp;&nbsp; 714535 |
| 09/15/2035 | &nbsp;&nbsp; 5.450% | 1380000 | &nbsp;&nbsp; 1422830 |
| 03/25/2038 | &nbsp;&nbsp; 4.780% | 8648000 | &nbsp;&nbsp; 8252821 |
| 04/01/2040 | &nbsp;&nbsp; 4.125% | 557000 | &nbsp;&nbsp; 483716 |
| 03/25/2048 | &nbsp;&nbsp; 5.050% | 142000 | &nbsp;&nbsp; 126576 |
| 06/01/2063 | &nbsp;&nbsp; 6.000% | 64000 | &nbsp;&nbsp; 62537 |
| 09/15/2065 | &nbsp;&nbsp; 6.250% | 123000 | &nbsp;&nbsp; 124567 |
| CVS Health Corp.<sup>(n)</sup>  | CVS Health Corp.<sup>(n)</sup>  | CVS Health Corp.<sup>(n)</sup>  | CVS Health Corp.<sup>(n)</sup>  |
| 03/10/2055 | &nbsp;&nbsp; 7.000% | 3785000 | &nbsp;&nbsp; 3981319 |
| DaVita, Inc.<sup>(b)</sup>  | DaVita, Inc.<sup>(b)</sup>  | DaVita, Inc.<sup>(b)</sup>  | DaVita, Inc.<sup>(b)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 4.625% | 5050000 | &nbsp;&nbsp; 4943170 |
| Duke University Health System, Inc. | Duke University Health System, Inc. | Duke University Health System, Inc. | Duke University Health System, Inc. |
| 06/01/2047 | &nbsp;&nbsp; 3.920% | 875000 | &nbsp;&nbsp; 724141 |
| Embecta Corp.<sup>(b)</sup>  | Embecta Corp.<sup>(b)</sup>  | Embecta Corp.<sup>(b)</sup>  | Embecta Corp.<sup>(b)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 5.000% | 700000 | &nbsp;&nbsp; 657966 |
| Fresenius Medical Care US Finance III, Inc.<sup>(b)</sup>  | Fresenius Medical Care US Finance III, Inc.<sup>(b)</sup>  | Fresenius Medical Care US Finance III, Inc.<sup>(b)</sup>  | Fresenius Medical Care US Finance III, Inc.<sup>(b)</sup>  |
| 12/01/2026 | &nbsp;&nbsp; 1.875% | 2825000 | &nbsp;&nbsp; 2772526 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. |
| 12/15/2028 | &nbsp;&nbsp; 4.150% |  | 1340000 | &nbsp;&nbsp; 1345837 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 06/15/2026 | &nbsp;&nbsp; 5.250% |  | 1169000 | &nbsp;&nbsp; 1170159 |
| 02/15/2027 | &nbsp;&nbsp; 4.500% |  | 1083000 | &nbsp;&nbsp; 1084793 |
| 12/01/2027 | &nbsp;&nbsp; 7.050% |  | 10000 | &nbsp;&nbsp; 10447 |
| 06/15/2029 | &nbsp;&nbsp; 4.125% |  | 558000 | &nbsp;&nbsp; 558707 |
| 09/01/2030 | &nbsp;&nbsp; 3.500% |  | 2261000 | &nbsp;&nbsp; 2190225 |
| 04/01/2031 | &nbsp;&nbsp; 5.450% |  | 838000 | &nbsp;&nbsp; 877270 |
| 07/15/2031 | &nbsp;&nbsp; 2.375% |  | 1231000 | &nbsp;&nbsp; 1111235 |
| 06/15/2039 | &nbsp;&nbsp; 5.125% |  | 706000 | &nbsp;&nbsp; 687601 |
| 06/15/2047 | &nbsp;&nbsp; 5.500% |  | 2515000 | &nbsp;&nbsp; 2396241 |
| 04/01/2064 | &nbsp;&nbsp; 6.100% |  | 135000 | &nbsp;&nbsp; 134845 |
| Icon Investments Six DAC | Icon Investments Six DAC | Icon Investments Six DAC | Icon Investments Six DAC | Icon Investments Six DAC |
| 05/08/2029 | &nbsp;&nbsp; 5.849% |  | 1474000 | &nbsp;&nbsp; 1509212 |
| Illumina, Inc. | Illumina, Inc. | Illumina, Inc. | Illumina, Inc. | Illumina, Inc. |
| 09/09/2026 | &nbsp;&nbsp; 4.650% |  | 2845000 | &nbsp;&nbsp; 2851330 |
| 12/12/2030 | &nbsp;&nbsp; 4.750% |  | 1483000 | &nbsp;&nbsp; 1505005 |
| IQVIA, Inc. | IQVIA, Inc. | IQVIA, Inc. | IQVIA, Inc. | IQVIA, Inc. |
| 05/15/2028 | &nbsp;&nbsp; 5.700% |  | 7875000 | &nbsp;&nbsp; 8104568 |
| Laboratory Corp. of America Holdings | Laboratory Corp. of America Holdings | Laboratory Corp. of America Holdings | Laboratory Corp. of America Holdings | Laboratory Corp. of America Holdings |
| 04/01/2032 | &nbsp;&nbsp; 4.550% |  | 811000 | &nbsp;&nbsp; 817264 |
| 10/01/2034 | &nbsp;&nbsp; 4.800% |  | 9590000 | &nbsp;&nbsp; 9597783 |
| LifePoint Health, Inc.<sup>(b)</sup>  | LifePoint Health, Inc.<sup>(b)</sup>  | LifePoint Health, Inc.<sup>(b)</sup>  | LifePoint Health, Inc.<sup>(b)</sup>  | LifePoint Health, Inc.<sup>(b)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.375% |  | 825000 | &nbsp;&nbsp; 892211 |
| Mayo Clinic | Mayo Clinic | Mayo Clinic | Mayo Clinic | Mayo Clinic |
| 11/15/2052 | &nbsp;&nbsp; 4.128% |  | 750000 | &nbsp;&nbsp; 627754 |
| McKesson Corp. | McKesson Corp. | McKesson Corp. | McKesson Corp. | McKesson Corp. |
| 09/15/2029 | &nbsp;&nbsp; 4.250% |  | 732000 | &nbsp;&nbsp; 739455 |
| 05/30/2032 | &nbsp;&nbsp; 4.950% |  | 1360000 | &nbsp;&nbsp; 1413845 |
| 05/30/2035 | &nbsp;&nbsp; 5.250% |  | 1087000 | &nbsp;&nbsp; 1140339 |
| ModivCare Buyer LLC<sup>(b),(i),(k)</sup>  | ModivCare Buyer LLC<sup>(b),(i),(k)</sup>  | ModivCare Buyer LLC<sup>(b),(i),(k)</sup>  | ModivCare Buyer LLC<sup>(b),(i),(k)</sup>  | ModivCare Buyer LLC<sup>(b),(i),(k)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 5.000% |  | 3187800 | &nbsp;&nbsp; 4144 |
| Molnlycke Holding AB<sup>(b)</sup>  | Molnlycke Holding AB<sup>(b)</sup>  | Molnlycke Holding AB<sup>(b)</sup>  | Molnlycke Holding AB<sup>(b)</sup>  | Molnlycke Holding AB<sup>(b)</sup>  |
| 06/11/2034 | &nbsp;&nbsp; 4.250% | EUR | 350000 | &nbsp;&nbsp; 432342 |
| Mozart Debt Merger Sub, Inc.<sup>(b)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(b)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(b)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(b)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(b)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 3.875% |  | 8645000 | &nbsp;&nbsp; 8502396 |
| New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) |
| 08/01/2119 | &nbsp;&nbsp; 3.954% |  | 305000 | &nbsp;&nbsp; 217944 |
| NYU Langone Hospitals | NYU Langone Hospitals | NYU Langone Hospitals | NYU Langone Hospitals | NYU Langone Hospitals |
| 07/01/2043 | &nbsp;&nbsp; 5.750% |  | 705000 | &nbsp;&nbsp; 742647 |
| Quest Diagnostics, Inc. | Quest Diagnostics, Inc. | Quest Diagnostics, Inc. | Quest Diagnostics, Inc. | Quest Diagnostics, Inc. |
| 12/15/2029 | &nbsp;&nbsp; 4.625% |  | 1327000 | &nbsp;&nbsp; 1354743 |
| 06/30/2030 | &nbsp;&nbsp; 2.950% |  | 249000 | &nbsp;&nbsp; 237448 |
| 06/30/2031 | &nbsp;&nbsp; 2.800% |  | 263000 | &nbsp;&nbsp; 245080 |
| 11/30/2033 | &nbsp;&nbsp; 6.400% |  | 474000 | &nbsp;&nbsp; 529591 |
| 12/15/2034 | &nbsp;&nbsp; 5.000% |  | 609000 | &nbsp;&nbsp; 623150 |
| Sartorius Finance BV<sup>(b)</sup>  | Sartorius Finance BV<sup>(b)</sup>  | Sartorius Finance BV<sup>(b)</sup>  | Sartorius Finance BV<sup>(b)</sup>  | Sartorius Finance BV<sup>(b)</sup>  |
| 09/14/2032 | &nbsp;&nbsp; 4.500% | EUR | 300000 | &nbsp;&nbsp; 373348 |
| 09/14/2035 | &nbsp;&nbsp; 4.875% | EUR | 1300000 | &nbsp;&nbsp; 1645954 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Select Medical Corp.<sup>(b)</sup>  | Select Medical Corp.<sup>(b)</sup>  | Select Medical Corp.<sup>(b)</sup>  | Select Medical Corp.<sup>(b)</sup>  |
| 12/01/2032 | &nbsp;&nbsp; 6.250% | 600000 | &nbsp;&nbsp; 585197 |
| Solventum Corp. | Solventum Corp. | Solventum Corp. | Solventum Corp. |
| 03/01/2029 | &nbsp;&nbsp; 5.400% | 4012000 | &nbsp;&nbsp; 4161647 |
| 03/13/2031 | &nbsp;&nbsp; 5.450% | 865000 | &nbsp;&nbsp; 906856 |
| 03/23/2034 | &nbsp;&nbsp; 5.600% | 582000 | &nbsp;&nbsp; 608048 |
| Sotera Health Holdings LLC<sup>(b)</sup>  | Sotera Health Holdings LLC<sup>(b)</sup>  | Sotera Health Holdings LLC<sup>(b)</sup>  | Sotera Health Holdings LLC<sup>(b)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.375% | 780000 | &nbsp;&nbsp; 821847 |
| Star Parent, Inc.<sup>(b)</sup>  | Star Parent, Inc.<sup>(b)</sup>  | Star Parent, Inc.<sup>(b)</sup>  | Star Parent, Inc.<sup>(b)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 9.000% | 701000 | &nbsp;&nbsp; 711712 |
| Stryker Corp. | Stryker Corp. | Stryker Corp. | Stryker Corp. |
| 02/10/2030 | &nbsp;&nbsp; 4.850% | 1152000 | &nbsp;&nbsp; 1187182 |
| Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. |
| 11/01/2027 | &nbsp;&nbsp; 5.125% | 975000 | &nbsp;&nbsp; 975436 |
| 06/01/2029 | &nbsp;&nbsp; 4.250% | 425000 | &nbsp;&nbsp; 418030 |
| 01/15/2030 | &nbsp;&nbsp; 4.375% | 4100000 | &nbsp;&nbsp; 4024474 |
| Tenet Healthcare Corp.<sup>(b)</sup>  | Tenet Healthcare Corp.<sup>(b)</sup>  | Tenet Healthcare Corp.<sup>(b)</sup>  | Tenet Healthcare Corp.<sup>(b)</sup>  |
| 11/15/2033 | &nbsp;&nbsp; 6.000% | 995000 | &nbsp;&nbsp; 1028741 |
| Texas Health Resources | Texas Health Resources | Texas Health Resources | Texas Health Resources |
| 11/15/2055 | &nbsp;&nbsp; 4.330% | 700000 | &nbsp;&nbsp; 586131 |
| Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. | Thermo Fisher Scientific, Inc. |
| 08/10/2030 | &nbsp;&nbsp; 4.977% | 1117000 | &nbsp;&nbsp; 1160358 |
| 06/15/2033 | &nbsp;&nbsp; 4.550% | 1275000 | &nbsp;&nbsp; 1289869 |
| 02/12/2036 | &nbsp;&nbsp; 4.902% | 2792000 | &nbsp;&nbsp; 2838675 |
| Universal Health Services, Inc. | Universal Health Services, Inc. | Universal Health Services, Inc. | Universal Health Services, Inc. |
| 09/01/2026 | &nbsp;&nbsp; 1.650% | 2485000 | &nbsp;&nbsp; 2452470 |
| 10/15/2029 | &nbsp;&nbsp; 4.625% | 2527000 | &nbsp;&nbsp; 2555890 |
| 10/15/2030 | &nbsp;&nbsp; 2.650% | 2485000 | &nbsp;&nbsp; 2282664 |
| Zimmer Biomet Holdings, Inc. | Zimmer Biomet Holdings, Inc. | Zimmer Biomet Holdings, Inc. | Zimmer Biomet Holdings, Inc. |
| 03/20/2030 | &nbsp;&nbsp; 3.550% | 536000 | &nbsp;&nbsp; 523354 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **175722398** |
| **Healthcare Insurance 0.4%** | **Healthcare Insurance 0.4%** | **Healthcare Insurance 0.4%** | **Healthcare Insurance 0.4%** |
| Aetna, Inc. | Aetna, Inc. | Aetna, Inc. | Aetna, Inc. |
| 06/15/2036 | &nbsp;&nbsp; 6.625% | 324000 | &nbsp;&nbsp; 360802 |
| Centene Corp. | Centene Corp. | Centene Corp. | Centene Corp. |
| 12/15/2027 | &nbsp;&nbsp; 4.250% | 4010000 | &nbsp;&nbsp; 3985664 |
| 12/15/2029 | &nbsp;&nbsp; 4.625% | 558000 | &nbsp;&nbsp; 544348 |
| 10/15/2030 | &nbsp;&nbsp; 3.000% | 2802000 | &nbsp;&nbsp; 2524826 |
| Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. |
| 09/15/2028 | &nbsp;&nbsp; 4.000% | 6235000 | &nbsp;&nbsp; 6245901 |
| 11/01/2031 | &nbsp;&nbsp; 4.950% | 1156000 | &nbsp;&nbsp; 1189720 |
| 09/15/2032 | &nbsp;&nbsp; 4.600% | 906000 | &nbsp;&nbsp; 913828 |
| 02/15/2035 | &nbsp;&nbsp; 5.200% | 2103000 | &nbsp;&nbsp; 2159420 |
| 01/15/2036 | &nbsp;&nbsp; 5.000% | 5615000 | &nbsp;&nbsp; 5640095 |
| Health Care Service Corp.<sup>(b)</sup>  | Health Care Service Corp.<sup>(b)</sup>  | Health Care Service Corp.<sup>(b)</sup>  | Health Care Service Corp.<sup>(b)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 5.200% | 1311000 | &nbsp;&nbsp; 1348929 |
| Humana, Inc. | Humana, Inc. | Humana, Inc. | Humana, Inc. |
| 04/15/2031 | &nbsp;&nbsp; 5.375% | 875000 | &nbsp;&nbsp; 901752 |
| 05/01/2035 | &nbsp;&nbsp; 5.550% | 1775000 | &nbsp;&nbsp; 1807593 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Molina Healthcare, Inc.<sup>(b)</sup>  | Molina Healthcare, Inc.<sup>(b)</sup>  | Molina Healthcare, Inc.<sup>(b)</sup>  | Molina Healthcare, Inc.<sup>(b)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 6.500% | 331000 | &nbsp;&nbsp; 332290 |
| 01/15/2033 | &nbsp;&nbsp; 6.250% | 584000 | &nbsp;&nbsp; 574501 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 01/15/2032 | &nbsp;&nbsp; 4.950% | 1412000 | &nbsp;&nbsp; 1456265 |
| 04/15/2034 | &nbsp;&nbsp; 5.000% | 4450000 | &nbsp;&nbsp; 4565315 |
| 07/15/2034 | &nbsp;&nbsp; 5.150% | 499000 | &nbsp;&nbsp; 515379 |
| 08/15/2039 | &nbsp;&nbsp; 3.500% | 320000 | &nbsp;&nbsp; 268722 |
| 05/15/2040 | &nbsp;&nbsp; 2.750% | 126000 | &nbsp;&nbsp; 94767 |
| 08/15/2049 | &nbsp;&nbsp; 3.700% | 10370000 | &nbsp;&nbsp; 7771278 |
| 05/15/2051 | &nbsp;&nbsp; 3.250% | 3750000 | &nbsp;&nbsp; 2556257 |
| 04/15/2064 | &nbsp;&nbsp; 5.500% | 173000 | &nbsp;&nbsp; 164009 |
| 07/15/2064 | &nbsp;&nbsp; 5.750% | 859000 | &nbsp;&nbsp; 844337 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **46765998** |
| **Healthcare REIT 0.1%** | **Healthcare REIT 0.1%** | **Healthcare REIT 0.1%** | **Healthcare REIT 0.1%** |
| Diversified Healthcare Trust | Diversified Healthcare Trust | Diversified Healthcare Trust | Diversified Healthcare Trust |
| 03/01/2031 | &nbsp;&nbsp; 4.375% | 1500000 | &nbsp;&nbsp; 1355072 |
| Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP |
| 01/15/2028 | &nbsp;&nbsp; 3.625% | 435000 | &nbsp;&nbsp; 431159 |
| 03/15/2031 | &nbsp;&nbsp; 2.050% | 400000 | &nbsp;&nbsp; 355215 |
| Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP |
| 02/15/2030 | &nbsp;&nbsp; 3.100% | 761000 | &nbsp;&nbsp; 728531 |
| Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. |
| 07/01/2030 | &nbsp;&nbsp; 5.200% | 5115000 | &nbsp;&nbsp; 5242685 |
| Physicians Realty LP | Physicians Realty LP | Physicians Realty LP | Physicians Realty LP |
| 11/01/2031 | &nbsp;&nbsp; 2.625% | 1100000 | &nbsp;&nbsp; 999467 |
| Sabra Health Care LP | Sabra Health Care LP | Sabra Health Care LP | Sabra Health Care LP |
| 12/01/2031 | &nbsp;&nbsp; 3.200% | 397000 | &nbsp;&nbsp; 367208 |
| Senior Housing Properties Trust | Senior Housing Properties Trust | Senior Housing Properties Trust | Senior Housing Properties Trust |
| 02/15/2028 | &nbsp;&nbsp; 4.750% | 25000 | &nbsp;&nbsp; 24459 |
| Welltower, Inc. | Welltower, Inc. | Welltower, Inc. | Welltower, Inc. |
| 01/15/2031 | &nbsp;&nbsp; 2.750% | 6320000 | &nbsp;&nbsp; 5941972 |
| 06/01/2031 | &nbsp;&nbsp; 2.800% | 2160000 | &nbsp;&nbsp; 2019141 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **17464909** |
| **Home Construction 0.1%** | **Home Construction 0.1%** | **Home Construction 0.1%** | **Home Construction 0.1%** |
| Brookfield Residential Properties, Inc./US Corp.<sup>(b)</sup>  | Brookfield Residential Properties, Inc./US Corp.<sup>(b)</sup>  | Brookfield Residential Properties, Inc./US Corp.<sup>(b)</sup>  | Brookfield Residential Properties, Inc./US Corp.<sup>(b)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 6.250% | 1560000 | &nbsp;&nbsp; 1560521 |
| 02/15/2030 | &nbsp;&nbsp; 4.875% | 2575000 | &nbsp;&nbsp; 2422240 |
| KB Home | KB Home | KB Home | KB Home |
| 06/15/2031 | &nbsp;&nbsp; 4.000% | 1075000 | &nbsp;&nbsp; 1027657 |
| M/I Homes, Inc. | M/I Homes, Inc. | M/I Homes, Inc. | M/I Homes, Inc. |
| 02/01/2028 | &nbsp;&nbsp; 4.950% | 650000 | &nbsp;&nbsp; 645548 |
| Mattamy Group Corp.<sup>(b)</sup>  | Mattamy Group Corp.<sup>(b)</sup>  | Mattamy Group Corp.<sup>(b)</sup>  | Mattamy Group Corp.<sup>(b)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 4.625% | 4500000 | &nbsp;&nbsp; 4396912 |
| MDC Holdings, Inc. | MDC Holdings, Inc. | MDC Holdings, Inc. | MDC Holdings, Inc. |
| 08/06/2061 | &nbsp;&nbsp; 3.966% | 3120000 | &nbsp;&nbsp; 2129450 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Meritage Homes Corp. | Meritage Homes Corp. | Meritage Homes Corp. | Meritage Homes Corp. |
| 06/06/2027 | &nbsp;&nbsp; 5.125% | 2000000 | &nbsp;&nbsp; 2013660 |
| Taylor Morrison Communities, Inc.<sup>(b)</sup>  | Taylor Morrison Communities, Inc.<sup>(b)</sup>  | Taylor Morrison Communities, Inc.<sup>(b)</sup>  | Taylor Morrison Communities, Inc.<sup>(b)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.750% | 1050000 | &nbsp;&nbsp; 1071427 |
| 08/01/2030 | &nbsp;&nbsp; 5.125% | 989000 | &nbsp;&nbsp; 997777 |
| 11/15/2032 | &nbsp;&nbsp; 5.750% | 265000 | &nbsp;&nbsp; 273694 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **16538886** |
| **Independent Energy 0.6%** | **Independent Energy 0.6%** | **Independent Energy 0.6%** | **Independent Energy 0.6%** |
| Aker BP ASA<sup>(b)</sup>  | Aker BP ASA<sup>(b)</sup>  | Aker BP ASA<sup>(b)</sup>  | Aker BP ASA<sup>(b)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 3.750% | 4800000 | &nbsp;&nbsp; 4679664 |
| 01/15/2031 | &nbsp;&nbsp; 4.000% | 6640000 | &nbsp;&nbsp; 6494861 |
| 06/13/2033 | &nbsp;&nbsp; 6.000% | 1250000 | &nbsp;&nbsp; 1322114 |
| 10/01/2034 | &nbsp;&nbsp; 5.125% | 718000 | &nbsp;&nbsp; 716122 |
| Antero Resources Corp.<sup>(b)</sup>  | Antero Resources Corp.<sup>(b)</sup>  | Antero Resources Corp.<sup>(b)</sup>  | Antero Resources Corp.<sup>(b)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 5.375% | 1500000 | &nbsp;&nbsp; 1523256 |
| APA Corp. | APA Corp. | APA Corp. | APA Corp. |
| 02/15/2055 | &nbsp;&nbsp; 6.750% | 5818000 | &nbsp;&nbsp; 5916812 |
| Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(b)</sup>  | Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(b)</sup>  | Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(b)</sup>  | Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(b)</sup>  |
| 11/01/2027 | &nbsp;&nbsp; 9.000% | 150000 | &nbsp;&nbsp; 179665 |
| 10/15/2032 | &nbsp;&nbsp; 6.625% | 340000 | &nbsp;&nbsp; 353182 |
| Canadian Natural Resources Ltd. | Canadian Natural Resources Ltd. | Canadian Natural Resources Ltd. | Canadian Natural Resources Ltd. |
| 06/30/2033 | &nbsp;&nbsp; 6.450% | 730000 | &nbsp;&nbsp; 805105 |
| 12/15/2034 | &nbsp;&nbsp; 5.400% | 765000 | &nbsp;&nbsp; 792516 |
| 02/15/2037 | &nbsp;&nbsp; 6.500% | 1368000 | &nbsp;&nbsp; 1504854 |
| Civitas Resources, Inc.<sup>(b)</sup>  | Civitas Resources, Inc.<sup>(b)</sup>  | Civitas Resources, Inc.<sup>(b)</sup>  | Civitas Resources, Inc.<sup>(b)</sup>  |
| 10/15/2026 | &nbsp;&nbsp; 5.000% | 375000 | &nbsp;&nbsp; 375004 |
| 07/01/2028 | &nbsp;&nbsp; 8.375% | 300000 | &nbsp;&nbsp; 310057 |
| 11/01/2030 | &nbsp;&nbsp; 8.625% | 825000 | &nbsp;&nbsp; 873244 |
| 07/01/2031 | &nbsp;&nbsp; 8.750% | 225000 | &nbsp;&nbsp; 235919 |
| CNX Resources Corp.<sup>(b)</sup>  | CNX Resources Corp.<sup>(b)</sup>  | CNX Resources Corp.<sup>(b)</sup>  | CNX Resources Corp.<sup>(b)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 7.250% | 400000 | &nbsp;&nbsp; 419212 |
| Comstock Resources, Inc.<sup>(b)</sup>  | Comstock Resources, Inc.<sup>(b)</sup>  | Comstock Resources, Inc.<sup>(b)</sup>  | Comstock Resources, Inc.<sup>(b)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 6.750% | 1540000 | &nbsp;&nbsp; 1535236 |
| Crescent Energy Finance LLC<sup>(b)</sup>  | Crescent Energy Finance LLC<sup>(b)</sup>  | Crescent Energy Finance LLC<sup>(b)</sup>  | Crescent Energy Finance LLC<sup>(b)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 9.750% | 2625000 | &nbsp;&nbsp; 2822306 |
| 04/01/2032 | &nbsp;&nbsp; 7.625% | 1185000 | &nbsp;&nbsp; 1197544 |
| Devon Energy Corp. | Devon Energy Corp. | Devon Energy Corp. | Devon Energy Corp. |
| 09/15/2034 | &nbsp;&nbsp; 5.200% | 1128000 | &nbsp;&nbsp; 1156658 |
| 05/15/2042 | &nbsp;&nbsp; 4.750% | 1950000 | &nbsp;&nbsp; 1766464 |
| Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. |
| 12/01/2026 | &nbsp;&nbsp; 3.250% | 1905000 | &nbsp;&nbsp; 1896183 |
| 03/24/2031 | &nbsp;&nbsp; 3.125% | 1675000 | &nbsp;&nbsp; 1588695 |
| 03/15/2033 | &nbsp;&nbsp; 6.250% | 1395000 | &nbsp;&nbsp; 1524309 |
| 04/18/2034 | &nbsp;&nbsp; 5.400% | 765000 | &nbsp;&nbsp; 795556 |
| 03/15/2052 | &nbsp;&nbsp; 4.250% | 330000 | &nbsp;&nbsp; 264433 |
| 04/18/2064 | &nbsp;&nbsp; 5.900% | 279000 | &nbsp;&nbsp; 273337 |
| EOG Resources, Inc. | EOG Resources, Inc. | EOG Resources, Inc. | EOG Resources, Inc. |
| 07/15/2032 | &nbsp;&nbsp; 5.000% | 1823000 | &nbsp;&nbsp; 1891361 |
| 01/15/2036 | &nbsp;&nbsp; 5.350% | 916000 | &nbsp;&nbsp; 951623 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Hess Corp. | Hess Corp. | Hess Corp. | Hess Corp. |
| 04/01/2027 | &nbsp;&nbsp; 4.300% | 1481000 | &nbsp;&nbsp; 1486557 |
| Hilcorp Energy I LP/Finance Co.<sup>(b)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(b)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(b)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(b)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 6.000% | 1135000 | &nbsp;&nbsp; 1118884 |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 2350000 | &nbsp;&nbsp; 2288136 |
| 11/01/2033 | &nbsp;&nbsp; 8.375% | 905000 | &nbsp;&nbsp; 954019 |
| Lundin Energy Finance BV<sup>(b)</sup>  | Lundin Energy Finance BV<sup>(b)</sup>  | Lundin Energy Finance BV<sup>(b)</sup>  | Lundin Energy Finance BV<sup>(b)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 3.100% | 1575000 | &nbsp;&nbsp; 1466995 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| 01/01/2031 | &nbsp;&nbsp; 6.125% | 1301000 | &nbsp;&nbsp; 1399437 |
| 01/01/2032 | &nbsp;&nbsp; 5.375% | 560000 | &nbsp;&nbsp; 582969 |
| 03/15/2040 | &nbsp;&nbsp; 6.200% | 663000 | &nbsp;&nbsp; 692402 |
| 03/15/2046 | &nbsp;&nbsp; 6.600% | 180000 | &nbsp;&nbsp; 191351 |
| 10/01/2054 | &nbsp;&nbsp; 6.050% | 330000 | &nbsp;&nbsp; 328724 |
| Ovintiv, Inc. | Ovintiv, Inc. | Ovintiv, Inc. | Ovintiv, Inc. |
| 05/15/2028 | &nbsp;&nbsp; 5.650% | 5424000 | &nbsp;&nbsp; 5618760 |
| Permian Resources Operating LLC<sup>(b)</sup>  | Permian Resources Operating LLC<sup>(b)</sup>  | Permian Resources Operating LLC<sup>(b)</sup>  | Permian Resources Operating LLC<sup>(b)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 8.000% | 1600000 | &nbsp;&nbsp; 1609853 |
| 02/01/2033 | &nbsp;&nbsp; 6.250% | 1025000 | &nbsp;&nbsp; 1059499 |
| Santos Finance Ltd.<sup>(b)</sup>  | Santos Finance Ltd.<sup>(b)</sup>  | Santos Finance Ltd.<sup>(b)</sup>  | Santos Finance Ltd.<sup>(b)</sup>  |
| 09/19/2033 | &nbsp;&nbsp; 6.875% | 1340000 | &nbsp;&nbsp; 1487945 |
| Southwestern Energy Co. | Southwestern Energy Co. | Southwestern Energy Co. | Southwestern Energy Co. |
| 02/01/2029 | &nbsp;&nbsp; 5.375% | 1675000 | &nbsp;&nbsp; 1672554 |
| 02/01/2032 | &nbsp;&nbsp; 4.750% | 1550000 | &nbsp;&nbsp; 1547671 |
| Var Energi ASA<sup>(b)</sup>  | Var Energi ASA<sup>(b)</sup>  | Var Energi ASA<sup>(b)</sup>  | Var Energi ASA<sup>(b)</sup>  |
| 05/18/2027 | &nbsp;&nbsp; 5.000% | 4995000 | &nbsp;&nbsp; 5042822 |
| 01/15/2028 | &nbsp;&nbsp; 7.500% | 3580000 | &nbsp;&nbsp; 3781161 |
| Viper Energy Partners LLC | Viper Energy Partners LLC | Viper Energy Partners LLC | Viper Energy Partners LLC |
| 08/01/2035 | &nbsp;&nbsp; 5.700% | 1441000 | &nbsp;&nbsp; 1492648 |
| Vital Energy, Inc.<sup>(b)</sup>  | Vital Energy, Inc.<sup>(b)</sup>  | Vital Energy, Inc.<sup>(b)</sup>  | Vital Energy, Inc.<sup>(b)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 7.875% | 510000 | &nbsp;&nbsp; 518510 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **78506189** |
| **Integrated Energy 0.1%** | **Integrated Energy 0.1%** | **Integrated Energy 0.1%** | **Integrated Energy 0.1%** |
| BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. |
| 09/11/2033 | &nbsp;&nbsp; 4.893% | 315000 | &nbsp;&nbsp; 323400 |
| 04/10/2034 | &nbsp;&nbsp; 4.989% | 185000 | &nbsp;&nbsp; 191032 |
| 11/17/2034 | &nbsp;&nbsp; 5.227% | 951000 | &nbsp;&nbsp; 995218 |
| BP Capital Markets PLC<sup>(m),(n)</sup>  | BP Capital Markets PLC<sup>(m),(n)</sup>  | BP Capital Markets PLC<sup>(m),(n)</sup>  | BP Capital Markets PLC<sup>(m),(n)</sup>  |
|  | &nbsp;&nbsp; 4.875% | 541000 | &nbsp;&nbsp; 539653 |
|  | &nbsp;&nbsp; 6.450% | 696000 | &nbsp;&nbsp; 741834 |
| Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. |
| 06/15/2047 | &nbsp;&nbsp; 5.400% | 123000 | &nbsp;&nbsp; 116010 |
| 02/15/2052 | &nbsp;&nbsp; 3.750% | 3380000 | &nbsp;&nbsp; 2450047 |
| Chevron USA, Inc. | Chevron USA, Inc. | Chevron USA, Inc. | Chevron USA, Inc. |
| 04/15/2030 | &nbsp;&nbsp; 4.687% | 3875000 | &nbsp;&nbsp; 3993965 |
| Exxon Mobil Corp. | Exxon Mobil Corp. | Exxon Mobil Corp. | Exxon Mobil Corp. |
| 03/01/2046 | &nbsp;&nbsp; 4.114% | 2755000 | &nbsp;&nbsp; 2349198 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| TotalEnergies Capital USA LLC | TotalEnergies Capital USA LLC | TotalEnergies Capital USA LLC | TotalEnergies Capital USA LLC |
| 01/13/2033 | &nbsp;&nbsp; 4.569% | 1185000 | &nbsp;&nbsp; 1200907 |
| 01/13/2036 | &nbsp;&nbsp; 4.857% | 1195000 | &nbsp;&nbsp; 1207809 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **14109073** |
| **Leisure 0.1%** | **Leisure 0.1%** | **Leisure 0.1%** | **Leisure 0.1%** |
| Carnival Corp.<sup>(b)</sup>  | Carnival Corp.<sup>(b)</sup>  | Carnival Corp.<sup>(b)</sup>  | Carnival Corp.<sup>(b)</sup>  |
| 08/01/2028 | &nbsp;&nbsp; 4.000% | 1250000 | &nbsp;&nbsp; 1240186 |
| 05/01/2029 | &nbsp;&nbsp; 5.125% | 2040000 | &nbsp;&nbsp; 2067174 |
| 03/15/2030 | &nbsp;&nbsp; 5.750% | 25000 | &nbsp;&nbsp; 25868 |
| Cinemark USA, Inc.<sup>(b)</sup>  | Cinemark USA, Inc.<sup>(b)</sup>  | Cinemark USA, Inc.<sup>(b)</sup>  | Cinemark USA, Inc.<sup>(b)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.000% | 795000 | &nbsp;&nbsp; 827802 |
| NCL Corp., Ltd.<sup>(b)</sup>  | NCL Corp., Ltd.<sup>(b)</sup>  | NCL Corp., Ltd.<sup>(b)</sup>  | NCL Corp., Ltd.<sup>(b)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 7.750% | 950000 | &nbsp;&nbsp; 1014416 |
| 03/01/2030 | &nbsp;&nbsp; 6.250% | 100000 | &nbsp;&nbsp; 102411 |
| 02/01/2032 | &nbsp;&nbsp; 6.750% | 900000 | &nbsp;&nbsp; 926041 |
| NCL Finance Ltd.<sup>(b)</sup>  | NCL Finance Ltd.<sup>(b)</sup>  | NCL Finance Ltd.<sup>(b)</sup>  | NCL Finance Ltd.<sup>(b)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 6.125% | 875000 | &nbsp;&nbsp; 897615 |
| Royal Caribbean Cruises Ltd.<sup>(b)</sup>  | Royal Caribbean Cruises Ltd.<sup>(b)</sup>  | Royal Caribbean Cruises Ltd.<sup>(b)</sup>  | Royal Caribbean Cruises Ltd.<sup>(b)</sup>  |
| 04/01/2028 | &nbsp;&nbsp; 5.500% | 325000 | &nbsp;&nbsp; 332174 |
| 03/15/2032 | &nbsp;&nbsp; 6.250% | 1690000 | &nbsp;&nbsp; 1762340 |
| VOC Escrow Ltd.<sup>(b)</sup>  | VOC Escrow Ltd.<sup>(b)</sup>  | VOC Escrow Ltd.<sup>(b)</sup>  | VOC Escrow Ltd.<sup>(b)</sup>  |
| 02/15/2028 | &nbsp;&nbsp; 5.000% | 1725000 | &nbsp;&nbsp; 1722002 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **10918029** |
| **Life Insurance 1.2%** | **Life Insurance 1.2%** | **Life Insurance 1.2%** | **Life Insurance 1.2%** |
| American National Global Funding<sup>(b)</sup>  | American National Global Funding<sup>(b)</sup>  | American National Global Funding<sup>(b)</sup>  | American National Global Funding<sup>(b)</sup>  |
| 12/15/2028 | &nbsp;&nbsp; 4.625% | 2306000 | &nbsp;&nbsp; 2314951 |
| 06/03/2030 | &nbsp;&nbsp; 5.250% | 2205000 | &nbsp;&nbsp; 2247949 |
| American National Group, Inc. | American National Group, Inc. | American National Group, Inc. | American National Group, Inc. |
| 07/15/2035 | &nbsp;&nbsp; 6.000% | 2278000 | &nbsp;&nbsp; 2262110 |
| Athene Global Funding<sup>(b)</sup>  | Athene Global Funding<sup>(b)</sup>  | Athene Global Funding<sup>(b)</sup>  | Athene Global Funding<sup>(b)</sup>  |
| 06/29/2026 | &nbsp;&nbsp; 1.608% | 1780000 | &nbsp;&nbsp; 1765199 |
| 05/09/2028 | &nbsp;&nbsp; 4.830% | 2045000 | &nbsp;&nbsp; 2065614 |
| 01/07/2030 | &nbsp;&nbsp; 5.380% | 2675000 | &nbsp;&nbsp; 2720548 |
| Athene Holding Ltd. | Athene Holding Ltd. | Athene Holding Ltd. | Athene Holding Ltd. |
| 04/01/2054 | &nbsp;&nbsp; 6.250% | 2521000 | &nbsp;&nbsp; 2352438 |
| 05/19/2055 | &nbsp;&nbsp; 6.625% | 1421000 | &nbsp;&nbsp; 1390292 |
| Brighthouse Financial Global Funding<sup>(b)</sup>  | Brighthouse Financial Global Funding<sup>(b)</sup>  | Brighthouse Financial Global Funding<sup>(b)</sup>  | Brighthouse Financial Global Funding<sup>(b)</sup>  |
| 04/09/2027 | &nbsp;&nbsp; 5.550% | 5235000 | &nbsp;&nbsp; 5295855 |
| CNO Global Funding<sup>(b)</sup>  | CNO Global Funding<sup>(b)</sup>  | CNO Global Funding<sup>(b)</sup>  | CNO Global Funding<sup>(b)</sup>  |
| 06/04/2027 | &nbsp;&nbsp; 5.875% | 1487000 | &nbsp;&nbsp; 1516107 |
| 09/08/2028 | &nbsp;&nbsp; 4.375% | 4350000 | &nbsp;&nbsp; 4364003 |
| 12/11/2030 | &nbsp;&nbsp; 4.700% | 2156000 | &nbsp;&nbsp; 2162858 |
| Corebridge Financial, Inc. | Corebridge Financial, Inc. | Corebridge Financial, Inc. | Corebridge Financial, Inc. |
| 04/05/2032 | &nbsp;&nbsp; 3.900% | 550000 | &nbsp;&nbsp; 522397 |
| 09/15/2033 | &nbsp;&nbsp; 6.050% | 932000 | &nbsp;&nbsp; 997428 |
| Corebridge Global Funding<sup>(b)</sup>  | Corebridge Global Funding<sup>(b)</sup>  | Corebridge Global Funding<sup>(b)</sup>  | Corebridge Global Funding<sup>(b)</sup>  |
| 06/24/2029 | &nbsp;&nbsp; 5.200% | 3815000 | &nbsp;&nbsp; 3925019 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Equitable Financial Life Global Funding<sup>(b)</sup>  | Equitable Financial Life Global Funding<sup>(b)</sup>  | Equitable Financial Life Global Funding<sup>(b)</sup>  | Equitable Financial Life Global Funding<sup>(b)</sup>  |
| 03/27/2030 | &nbsp;&nbsp; 5.000% | 1870000 | &nbsp;&nbsp; 1920746 |
| Equitable Holdings, Inc.<sup>(b)</sup>  | Equitable Holdings, Inc.<sup>(b)</sup>  | Equitable Holdings, Inc.<sup>(b)</sup>  | Equitable Holdings, Inc.<sup>(b)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 4.572% | 1287000 | &nbsp;&nbsp; 1291984 |
| F&G Global Funding<sup>(b)</sup>  | F&G Global Funding<sup>(b)</sup>  | F&G Global Funding<sup>(b)</sup>  | F&G Global Funding<sup>(b)</sup>  |
| 09/08/2028 | &nbsp;&nbsp; 4.650% | 962000 | &nbsp;&nbsp; 959123 |
| 01/09/2029 | &nbsp;&nbsp; 4.500% | 5775000 | &nbsp;&nbsp; 5732710 |
| Fortitude Global Funding<sup>(b)</sup>  | Fortitude Global Funding<sup>(b)</sup>  | Fortitude Global Funding<sup>(b)</sup>  | Fortitude Global Funding<sup>(b)</sup>  |
| 10/06/2028 | &nbsp;&nbsp; 4.625% | 2885000 | &nbsp;&nbsp; 2893031 |
| GA Global Funding Trust<sup>(b)</sup>  | GA Global Funding Trust<sup>(b)</sup>  | GA Global Funding Trust<sup>(b)</sup>  | GA Global Funding Trust<sup>(b)</sup>  |
| 01/06/2027 | &nbsp;&nbsp; 2.250% | 2390000 | &nbsp;&nbsp; 2355016 |
| 04/01/2032 | &nbsp;&nbsp; 5.500% | 2817000 | &nbsp;&nbsp; 2856632 |
| Jackson National Life Global Funding<sup>(b)</sup>  | Jackson National Life Global Funding<sup>(b)</sup>  | Jackson National Life Global Funding<sup>(b)</sup>  | Jackson National Life Global Funding<sup>(b)</sup>  |
| 04/12/2028 | &nbsp;&nbsp; 5.250% | 1200000 | &nbsp;&nbsp; 1221832 |
| 06/05/2028 | &nbsp;&nbsp; 4.700% | 3458000 | &nbsp;&nbsp; 3495352 |
| 09/09/2030 | &nbsp;&nbsp; 4.550% | 3085000 | &nbsp;&nbsp; 3095280 |
| Lincoln Financial Global Funding<sup>(b)</sup>  | Lincoln Financial Global Funding<sup>(b)</sup>  | Lincoln Financial Global Funding<sup>(b)</sup>  | Lincoln Financial Global Funding<sup>(b)</sup>  |
| 05/28/2028 | &nbsp;&nbsp; 4.625% | 3705000 | &nbsp;&nbsp; 3736242 |
| 01/12/2029 | &nbsp;&nbsp; 4.200% | 2270000 | &nbsp;&nbsp; 2264842 |
| Lincoln National Corp. | Lincoln National Corp. | Lincoln National Corp. | Lincoln National Corp. |
| 01/15/2031 | &nbsp;&nbsp; 3.400% | 6000000 | &nbsp;&nbsp; 5646939 |
| 06/15/2040 | &nbsp;&nbsp; 7.000% | 930000 | &nbsp;&nbsp; 989853 |
| MassMutual Global Funding II<sup>(b)</sup>  | MassMutual Global Funding II<sup>(b)</sup>  | MassMutual Global Funding II<sup>(b)</sup>  | MassMutual Global Funding II<sup>(b)</sup>  |
| 01/10/2030 | &nbsp;&nbsp; 4.950% | 5170000 | &nbsp;&nbsp; 5318627 |
| MetLife, Inc.<sup>(n)</sup>  | MetLife, Inc.<sup>(n)</sup>  | MetLife, Inc.<sup>(n)</sup>  | MetLife, Inc.<sup>(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 03/15/2056 | &nbsp;&nbsp; 5.850% | 3960000 | &nbsp;&nbsp; 3931406 |
| Mutual of Omaha Cos Global Funding<sup>(b)</sup>  | Mutual of Omaha Cos Global Funding<sup>(b)</sup>  | Mutual of Omaha Cos Global Funding<sup>(b)</sup>  | Mutual of Omaha Cos Global Funding<sup>(b)</sup>  |
| 04/01/2030 | &nbsp;&nbsp; 5.000% | 1190000 | &nbsp;&nbsp; 1221526 |
| New York Life Global Funding<sup>(b)</sup>  | New York Life Global Funding<sup>(b)</sup>  | New York Life Global Funding<sup>(b)</sup>  | New York Life Global Funding<sup>(b)</sup>  |
| 07/25/2028 | &nbsp;&nbsp; 4.150% | 1530000 | &nbsp;&nbsp; 1539440 |
| 06/06/2029 | &nbsp;&nbsp; 5.000% | 5005000 | &nbsp;&nbsp; 5170774 |
| NLG Global Funding<sup>(b)</sup>  | NLG Global Funding<sup>(b)</sup>  | NLG Global Funding<sup>(b)</sup>  | NLG Global Funding<sup>(b)</sup>  |
| 01/23/2030 | &nbsp;&nbsp; 5.400% | 1270000 | &nbsp;&nbsp; 1317586 |
| 09/15/2030 | &nbsp;&nbsp; 4.350% | 5720000 | &nbsp;&nbsp; 5733108 |
| Northwestern Mutual Global Funding<sup>(b)</sup>  | Northwestern Mutual Global Funding<sup>(b)</sup>  | Northwestern Mutual Global Funding<sup>(b)</sup>  | Northwestern Mutual Global Funding<sup>(b)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 1.700% | 985000 | &nbsp;&nbsp; 938696 |
| 06/12/2028 | &nbsp;&nbsp; 4.900% | 5365000 | &nbsp;&nbsp; 5472355 |
| Northwestern Mutual Life Insurance Co. (The)<sup>(b)</sup>  | Northwestern Mutual Life Insurance Co. (The)<sup>(b)</sup>  | Northwestern Mutual Life Insurance Co. (The)<sup>(b)</sup>  | Northwestern Mutual Life Insurance Co. (The)<sup>(b)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 05/29/2055 | &nbsp;&nbsp; 6.170% | 698000 | &nbsp;&nbsp; 752899 |
| Pacific Life Global Funding II<sup>(b)</sup>  | Pacific Life Global Funding II<sup>(b)</sup>  | Pacific Life Global Funding II<sup>(b)</sup>  | Pacific Life Global Funding II<sup>(b)</sup>  |
| 02/10/2030 | &nbsp;&nbsp; 4.850% | 5280000 | &nbsp;&nbsp; 5411593 |
| Pricoa Global Funding I<sup>(b)</sup>  | Pricoa Global Funding I<sup>(b)</sup>  | Pricoa Global Funding I<sup>(b)</sup>  | Pricoa Global Funding I<sup>(b)</sup>  |
| 08/26/2032 | &nbsp;&nbsp; 4.750% | 4525000 | &nbsp;&nbsp; 4571098 |
| Principal Life Global Funding II<sup>(b)</sup>  | Principal Life Global Funding II<sup>(b)</sup>  | Principal Life Global Funding II<sup>(b)</sup>  | Principal Life Global Funding II<sup>(b)</sup>  |
| 08/19/2027 | &nbsp;&nbsp; 4.600% | 2445000 | &nbsp;&nbsp; 2468169 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Protective Life Corp.<sup>(b)</sup>  | Protective Life Corp.<sup>(b)</sup>  | Protective Life Corp.<sup>(b)</sup>  | Protective Life Corp.<sup>(b)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 4.700% | 2770000 | &nbsp;&nbsp; 2794940 |
| Reinsurance Group of America, Inc.<sup>(d),(n)</sup>  | Reinsurance Group of America, Inc.<sup>(d),(n)</sup>  | Reinsurance Group of America, Inc.<sup>(d),(n)</sup>  | Reinsurance Group of America, Inc.<sup>(d),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/15/2056 | &nbsp;&nbsp; 6.375% | 2180000 | &nbsp;&nbsp; 2182961 |
| RGA Global Funding<sup>(b)</sup>  | RGA Global Funding<sup>(b)</sup>  | RGA Global Funding<sup>(b)</sup>  | RGA Global Funding<sup>(b)</sup>  |
| 05/24/2029 | &nbsp;&nbsp; 5.448% | 253000 | &nbsp;&nbsp; 262728 |
| 11/25/2030 | &nbsp;&nbsp; 4.600% | 4396000 | &nbsp;&nbsp; 4427437 |
| Sammons Financial Group Global Funding<sup>(b)</sup>  | Sammons Financial Group Global Funding<sup>(b)</sup>  | Sammons Financial Group Global Funding<sup>(b)</sup>  | Sammons Financial Group Global Funding<sup>(b)</sup>  |
| 06/12/2030 | &nbsp;&nbsp; 4.950% | 6300000 | &nbsp;&nbsp; 6422843 |
| SBL Holdings, Inc.<sup>(b)</sup>  | SBL Holdings, Inc.<sup>(b)</sup>  | SBL Holdings, Inc.<sup>(b)</sup>  | SBL Holdings, Inc.<sup>(b)</sup>  |
| 09/26/2028 | &nbsp;&nbsp; 5.900% | 2093000 | &nbsp;&nbsp; 2029773 |
| 10/30/2034 | &nbsp;&nbsp; 7.200% | 4095000 | &nbsp;&nbsp; 3753018 |
| Symetra Life Insurance Co.<sup>(b)</sup>  | Symetra Life Insurance Co.<sup>(b)</sup>  | Symetra Life Insurance Co.<sup>(b)</sup>  | Symetra Life Insurance Co.<sup>(b)</sup>  |
| 10/01/2055 | &nbsp;&nbsp; 6.550% | 981000 | &nbsp;&nbsp; 1019602 |
| Teachers Insurance & Annuity Association of America<sup>(b)</sup>  | Teachers Insurance & Annuity Association of America<sup>(b)</sup>  | Teachers Insurance & Annuity Association of America<sup>(b)</sup>  | Teachers Insurance & Annuity Association of America<sup>(b)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/15/2044 | &nbsp;&nbsp; 4.900% | 2040000 | &nbsp;&nbsp; 1891235 |
| 05/15/2047 | &nbsp;&nbsp; 4.270% | 210000 | &nbsp;&nbsp; 176592 |
| Western-Southern Global Funding<sup>(b)</sup>  | Western-Southern Global Funding<sup>(b)</sup>  | Western-Southern Global Funding<sup>(b)</sup>  | Western-Southern Global Funding<sup>(b)</sup>  |
| 07/16/2028 | &nbsp;&nbsp; 4.500% | 3862000 | &nbsp;&nbsp; 3899314 |
| 12/10/2032 | &nbsp;&nbsp; 4.700% | 2612000 | &nbsp;&nbsp; 2620416 |
| Wynnton Funding Trust<sup>(b)</sup>  | Wynnton Funding Trust<sup>(b)</sup>  | Wynnton Funding Trust<sup>(b)</sup>  | Wynnton Funding Trust<sup>(b)</sup>  |
| 08/15/2035 | &nbsp;&nbsp; 5.251% | 1655000 | &nbsp;&nbsp; 1676396 |
| Wynnton Funding Trust II<sup>(b)</sup>  | Wynnton Funding Trust II<sup>(b)</sup>  | Wynnton Funding Trust II<sup>(b)</sup>  | Wynnton Funding Trust II<sup>(b)</sup>  |
| 08/15/2055 | &nbsp;&nbsp; 5.991% | 2834000 | &nbsp;&nbsp; 2872302 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **154239184** |
| **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** |
| Hyatt Hotels Corp. | Hyatt Hotels Corp. | Hyatt Hotels Corp. | Hyatt Hotels Corp. |
| 06/30/2029 | &nbsp;&nbsp; 5.250% | 3962000 | &nbsp;&nbsp; 4092779 |
| Marriott International, Inc. | Marriott International, Inc. | Marriott International, Inc. | Marriott International, Inc. |
| 04/15/2031 | &nbsp;&nbsp; 2.850% | 706000 | &nbsp;&nbsp; 660795 |
| 10/15/2031 | &nbsp;&nbsp; 4.500% | 1811000 | &nbsp;&nbsp; 1829901 |
| 10/15/2032 | &nbsp;&nbsp; 3.500% | 3400000 | &nbsp;&nbsp; 3207287 |
| 03/15/2035 | &nbsp;&nbsp; 5.350% | 627000 | &nbsp;&nbsp; 650083 |
| 10/15/2035 | &nbsp;&nbsp; 5.250% | 1622000 | &nbsp;&nbsp; 1661934 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **12102779** |
| **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** |
| AppLovin Corp. | AppLovin Corp. | AppLovin Corp. | AppLovin Corp. |
| 12/01/2029 | &nbsp;&nbsp; 5.125% | 1163000 | &nbsp;&nbsp; 1187771 |
| 12/01/2031 | &nbsp;&nbsp; 5.375% | 1784000 | &nbsp;&nbsp; 1837424 |
| Beignet Investor LLC<sup>(b)</sup>  | Beignet Investor LLC<sup>(b)</sup>  | Beignet Investor LLC<sup>(b)</sup>  | Beignet Investor LLC<sup>(b)</sup>  |
| 05/30/2049 | &nbsp;&nbsp; 6.581% | 16003000 | &nbsp;&nbsp; 16994574 |
| Getty Images, Inc.<sup>(b)</sup>  | Getty Images, Inc.<sup>(b)</sup>  | Getty Images, Inc.<sup>(b)</sup>  | Getty Images, Inc.<sup>(b)</sup>  |
| 11/15/2030 | &nbsp;&nbsp; 10.500% | 580000 | &nbsp;&nbsp; 513064 |
| Gray Media, Inc.<sup>(b)</sup>  | Gray Media, Inc.<sup>(b)</sup>  | Gray Media, Inc.<sup>(b)</sup>  | Gray Media, Inc.<sup>(b)</sup>  |
| 08/15/2033 | &nbsp;&nbsp; 7.250% | 765000 | &nbsp;&nbsp; 790176 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. |
| 11/15/2030 | &nbsp;&nbsp; 4.200% | 1000000 | &nbsp;&nbsp; 1009317 |
| 11/15/2032 | &nbsp;&nbsp; 4.600% | 1058000 | &nbsp;&nbsp; 1075670 |
| 11/15/2035 | &nbsp;&nbsp; 4.875% | 3283000 | &nbsp;&nbsp; 3313339 |
| 11/15/2045 | &nbsp;&nbsp; 5.500% | 1835000 | &nbsp;&nbsp; 1811912 |
| 05/15/2053 | &nbsp;&nbsp; 5.600% | 3365000 | &nbsp;&nbsp; 3272985 |
| 08/15/2054 | &nbsp;&nbsp; 5.400% | 1366000 | &nbsp;&nbsp; 1289099 |
| 11/15/2055 | &nbsp;&nbsp; 5.625% | 10855000 | &nbsp;&nbsp; 10625147 |
| 08/15/2064 | &nbsp;&nbsp; 5.550% | 1424000 | &nbsp;&nbsp; 1340893 |
| 11/15/2065 | &nbsp;&nbsp; 5.750% | 1105000 | &nbsp;&nbsp; 1075709 |
| Midas OpCo Holdings LLC<sup>(b)</sup>  | Midas OpCo Holdings LLC<sup>(b)</sup>  | Midas OpCo Holdings LLC<sup>(b)</sup>  | Midas OpCo Holdings LLC<sup>(b)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 5.625% | 705000 | &nbsp;&nbsp; 648857 |
| Netflix, Inc. | Netflix, Inc. | Netflix, Inc. | Netflix, Inc. |
| 11/15/2028 | &nbsp;&nbsp; 5.875% | 1062000 | &nbsp;&nbsp; 1116547 |
| Omnicom Group, Inc.<sup>(d)</sup>  | Omnicom Group, Inc.<sup>(d)</sup>  | Omnicom Group, Inc.<sup>(d)</sup>  | Omnicom Group, Inc.<sup>(d)</sup>  |
| 06/02/2033 | &nbsp;&nbsp; 5.000% | 5854000 | &nbsp;&nbsp; 5835346 |
| Outfront Media Capital LLC/Corp.<sup>(b)</sup>  | Outfront Media Capital LLC/Corp.<sup>(b)</sup>  | Outfront Media Capital LLC/Corp.<sup>(b)</sup>  | Outfront Media Capital LLC/Corp.<sup>(b)</sup>  |
| 03/15/2030 | &nbsp;&nbsp; 4.625% | 745000 | &nbsp;&nbsp; 731153 |
| Playtika Holding Corp.<sup>(b)</sup>  | Playtika Holding Corp.<sup>(b)</sup>  | Playtika Holding Corp.<sup>(b)</sup>  | Playtika Holding Corp.<sup>(b)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 4.250% | 745000 | &nbsp;&nbsp; 586929 |
| Sinclair Television Group, Inc.<sup>(b)</sup>  | Sinclair Television Group, Inc.<sup>(b)</sup>  | Sinclair Television Group, Inc.<sup>(b)</sup>  | Sinclair Television Group, Inc.<sup>(b)</sup>  |
| 02/15/2033 | &nbsp;&nbsp; 8.125% | 140000 | &nbsp;&nbsp; 145760 |
| Sirius XM Radio LLC<sup>(b),(d)</sup>  | Sirius XM Radio LLC<sup>(b),(d)</sup>  | Sirius XM Radio LLC<sup>(b),(d)</sup>  | Sirius XM Radio LLC<sup>(b),(d)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 5.875% | 725000 | &nbsp;&nbsp; 722882 |
| Snap, Inc.<sup>(b)</sup>  | Snap, Inc.<sup>(b)</sup>  | Snap, Inc.<sup>(b)</sup>  | Snap, Inc.<sup>(b)</sup>  |
| 03/01/2033 | &nbsp;&nbsp; 6.875% | 841000 | &nbsp;&nbsp; 837793 |
| 03/15/2034 | &nbsp;&nbsp; 6.875% | 1105000 | &nbsp;&nbsp; 1102929 |
| Take-Two Interactive Software, Inc. | Take-Two Interactive Software, Inc. | Take-Two Interactive Software, Inc. | Take-Two Interactive Software, Inc. |
| 03/28/2028 | &nbsp;&nbsp; 4.950% | 3645000 | &nbsp;&nbsp; 3707778 |
| 06/12/2029 | &nbsp;&nbsp; 5.400% | 656000 | &nbsp;&nbsp; 679812 |
| Versant Media Group, Inc.<sup>(b)</sup>  | Versant Media Group, Inc.<sup>(b)</sup>  | Versant Media Group, Inc.<sup>(b)</sup>  | Versant Media Group, Inc.<sup>(b)</sup>  |
| 01/30/2031 | &nbsp;&nbsp; 7.250% | 995000 | &nbsp;&nbsp; 1018513 |
| WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. |
| 03/15/2042 | &nbsp;&nbsp; 5.050% | 843000 | &nbsp;&nbsp; 592303 |
| 03/15/2052 | &nbsp;&nbsp; 5.141% | 218000 | &nbsp;&nbsp; 143149 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **64006831** |
| **Metals and Mining 0.2%** | **Metals and Mining 0.2%** | **Metals and Mining 0.2%** | **Metals and Mining 0.2%** |
| Anglo American Capital PLC<sup>(b)</sup>  | Anglo American Capital PLC<sup>(b)</sup>  | Anglo American Capital PLC<sup>(b)</sup>  | Anglo American Capital PLC<sup>(b)</sup>  |
| 05/02/2033 | &nbsp;&nbsp; 5.500% | 431000 | &nbsp;&nbsp; 451036 |
| AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC | AngloGold Ashanti Holdings PLC |
| 10/01/2030 | &nbsp;&nbsp; 3.750% | 1800000 | &nbsp;&nbsp; 1739880 |
| Arsenal AIC Parent LLC<sup>(b)</sup>  | Arsenal AIC Parent LLC<sup>(b)</sup>  | Arsenal AIC Parent LLC<sup>(b)</sup>  | Arsenal AIC Parent LLC<sup>(b)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 11.500% | 1730000 | &nbsp;&nbsp; 1907373 |
| BHP Billiton Finance USA Ltd. | BHP Billiton Finance USA Ltd. | BHP Billiton Finance USA Ltd. | BHP Billiton Finance USA Ltd. |
| 09/08/2030 | &nbsp;&nbsp; 5.250% | 762000 | &nbsp;&nbsp; 799498 |
| 02/21/2032 | &nbsp;&nbsp; 5.125% | 1123000 | &nbsp;&nbsp; 1174316 |
| Capstone Copper Corp.<sup>(b)</sup>  | Capstone Copper Corp.<sup>(b)</sup>  | Capstone Copper Corp.<sup>(b)</sup>  | Capstone Copper Corp.<sup>(b)</sup>  |
| 03/31/2033 | &nbsp;&nbsp; 6.750% | 1100000 | &nbsp;&nbsp; 1135934 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Champion Iron Canada, Inc.<sup>(b)</sup>  | Champion Iron Canada, Inc.<sup>(b)</sup>  | Champion Iron Canada, Inc.<sup>(b)</sup>  | Champion Iron Canada, Inc.<sup>(b)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 7.875% | 1570000 | &nbsp;&nbsp; 1669193 |
| Cleveland-Cliffs, Inc.<sup>(b)</sup>  | Cleveland-Cliffs, Inc.<sup>(b)</sup>  | Cleveland-Cliffs, Inc.<sup>(b)</sup>  | Cleveland-Cliffs, Inc.<sup>(b)</sup>  |
| 11/01/2029 | &nbsp;&nbsp; 6.875% | 820000 | &nbsp;&nbsp; 844408 |
| 05/01/2033 | &nbsp;&nbsp; 7.375% | 520000 | &nbsp;&nbsp; 533644 |
| 01/15/2034 | &nbsp;&nbsp; 7.625% | 1190000 | &nbsp;&nbsp; 1221372 |
| Commercial Metals Co.<sup>(b)</sup>  | Commercial Metals Co.<sup>(b)</sup>  | Commercial Metals Co.<sup>(b)</sup>  | Commercial Metals Co.<sup>(b)</sup>  |
| 12/15/2035 | &nbsp;&nbsp; 6.000% | 885000 | &nbsp;&nbsp; 905934 |
| Coronado Finance Pty Ltd.<sup>(b)</sup>  | Coronado Finance Pty Ltd.<sup>(b)</sup>  | Coronado Finance Pty Ltd.<sup>(b)</sup>  | Coronado Finance Pty Ltd.<sup>(b)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 9.250% | 1425000 | &nbsp;&nbsp; 1320190 |
| First Quantum Minerals Ltd.<sup>(b)</sup>  | First Quantum Minerals Ltd.<sup>(b)</sup>  | First Quantum Minerals Ltd.<sup>(b)</sup>  | First Quantum Minerals Ltd.<sup>(b)</sup>  |
| 03/01/2033 | &nbsp;&nbsp; 8.000% | 1125000 | &nbsp;&nbsp; 1201119 |
| 02/15/2034 | &nbsp;&nbsp; 7.250% | 1875000 | &nbsp;&nbsp; 1961761 |
| 02/15/2036 | &nbsp;&nbsp; 6.375% | 1105000 | &nbsp;&nbsp; 1110922 |
| Glencore Funding LLC<sup>(b)</sup>  | Glencore Funding LLC<sup>(b)</sup>  | Glencore Funding LLC<sup>(b)</sup>  | Glencore Funding LLC<sup>(b)</sup>  |
| 04/01/2030 | &nbsp;&nbsp; 5.186% | 2350000 | &nbsp;&nbsp; 2430348 |
| Hecla Mining Co. | Hecla Mining Co. | Hecla Mining Co. | Hecla Mining Co. |
| 02/15/2028 | &nbsp;&nbsp; 7.250% | 374000 | &nbsp;&nbsp; 374322 |
| Mineral Resources Ltd.<sup>(b)</sup>  | Mineral Resources Ltd.<sup>(b)</sup>  | Mineral Resources Ltd.<sup>(b)</sup>  | Mineral Resources Ltd.<sup>(b)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 9.250% | 1000000 | &nbsp;&nbsp; 1046815 |
| 04/01/2031 | &nbsp;&nbsp; 7.000% | 530000 | &nbsp;&nbsp; 557885 |
| Novelis Corp.<sup>(b)</sup>  | Novelis Corp.<sup>(b)</sup>  | Novelis Corp.<sup>(b)</sup>  | Novelis Corp.<sup>(b)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 4.750% | 1070000 | &nbsp;&nbsp; 1036940 |
| 08/15/2033 | &nbsp;&nbsp; 6.375% | 205000 | &nbsp;&nbsp; 207105 |
| Novelis, Inc.<sup>(b)</sup>  | Novelis, Inc.<sup>(b)</sup>  | Novelis, Inc.<sup>(b)</sup>  | Novelis, Inc.<sup>(b)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 6.875% | 1425000 | &nbsp;&nbsp; 1471005 |
| Nucor Corp. | Nucor Corp. | Nucor Corp. | Nucor Corp. |
| 05/01/2028 | &nbsp;&nbsp; 3.950% | 1167000 | &nbsp;&nbsp; 1169871 |
| 06/01/2035 | &nbsp;&nbsp; 5.100% | 1405000 | &nbsp;&nbsp; 1451381 |
| Rio Tinto Finance USA PLC | Rio Tinto Finance USA PLC | Rio Tinto Finance USA PLC | Rio Tinto Finance USA PLC |
| 03/14/2032 | &nbsp;&nbsp; 5.000% | 1090000 | &nbsp;&nbsp; 1132900 |
| Steel Dynamics, Inc. | Steel Dynamics, Inc. | Steel Dynamics, Inc. | Steel Dynamics, Inc. |
| 10/15/2027 | &nbsp;&nbsp; 1.650% | 582000 | &nbsp;&nbsp; 561392 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **29416544** |
| **Midstream 1.0%** | **Midstream 1.0%** | **Midstream 1.0%** | **Midstream 1.0%** |
| AmeriGas Partners LP/Finance Corp.<sup>(b)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(b)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(b)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(b)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.500% | 629000 | &nbsp;&nbsp; 673570 |
| Antero Midstream Partners LP/Finance Corp.<sup>(b)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(b)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(b)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(b)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 6.625% | 1155000 | &nbsp;&nbsp; 1199492 |
| Boardwalk Pipelines LP | Boardwalk Pipelines LP | Boardwalk Pipelines LP | Boardwalk Pipelines LP |
| 02/15/2036 | &nbsp;&nbsp; 5.375% | 3430000 | &nbsp;&nbsp; 3482685 |
| Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP | Cheniere Energy Partners LP |
| 10/01/2029 | &nbsp;&nbsp; 4.500% | 517000 | &nbsp;&nbsp; 519766 |
| Columbia Pipelines Holding Co. LLC<sup>(b)</sup>  | Columbia Pipelines Holding Co. LLC<sup>(b)</sup>  | Columbia Pipelines Holding Co. LLC<sup>(b)</sup>  | Columbia Pipelines Holding Co. LLC<sup>(b)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 6.042% | 2940000 | &nbsp;&nbsp; 3070860 |
| 10/01/2031 | &nbsp;&nbsp; 5.097% | 671000 | &nbsp;&nbsp; 689545 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Columbia Pipelines Operating Co. LLC<sup>(b)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(b)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(b)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(b)</sup>  |
| 11/15/2033 | &nbsp;&nbsp; 6.036% | 9090000 | &nbsp;&nbsp; 9846418 |
| Delek Logistics Partners LP/Finance Corp.<sup>(b)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(b)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(b)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(b)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 8.625% | 980000 | &nbsp;&nbsp; 1023856 |
| Enbridge, Inc.<sup>(n)</sup>  | Enbridge, Inc.<sup>(n)</sup>  | Enbridge, Inc.<sup>(n)</sup>  | Enbridge, Inc.<sup>(n)</sup>  |
| 07/15/2080 | &nbsp;&nbsp; 5.750% | 795000 | &nbsp;&nbsp; 808351 |
| 01/15/2084 | &nbsp;&nbsp; 8.500% | 3925000 | &nbsp;&nbsp; 4533557 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| 04/01/2030 | &nbsp;&nbsp; 5.200% | 802000 | &nbsp;&nbsp; 833613 |
| 01/15/2031 | &nbsp;&nbsp; 4.550% | 1663000 | &nbsp;&nbsp; 1679449 |
| 01/15/2036 | &nbsp;&nbsp; 5.350% | 1395000 | &nbsp;&nbsp; 1417276 |
| 09/01/2054 | &nbsp;&nbsp; 6.050% | 304000 | &nbsp;&nbsp; 297686 |
| 01/15/2056 | &nbsp;&nbsp; 6.300% | 3370000 | &nbsp;&nbsp; 3407175 |
| Energy Transfer Operating LP | Energy Transfer Operating LP | Energy Transfer Operating LP | Energy Transfer Operating LP |
| 05/15/2030 | &nbsp;&nbsp; 3.750% | 950000 | &nbsp;&nbsp; 934318 |
| Energy Transfer Partners LP | Energy Transfer Partners LP | Energy Transfer Partners LP | Energy Transfer Partners LP |
| 03/15/2035 | &nbsp;&nbsp; 4.900% | 71000 | &nbsp;&nbsp; 70805 |
| 06/15/2038 | &nbsp;&nbsp; 5.800% | 336000 | &nbsp;&nbsp; 349394 |
| 03/15/2045 | &nbsp;&nbsp; 5.150% | 1625000 | &nbsp;&nbsp; 1472419 |
| Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC |
| 05/15/2046 | &nbsp;&nbsp; 4.900% | 1400000 | &nbsp;&nbsp; 1296810 |
| Enterprise Products Operating LLC<sup>(c)</sup>  | Enterprise Products Operating LLC<sup>(c)</sup>  | Enterprise Products Operating LLC<sup>(c)</sup>  | Enterprise Products Operating LLC<sup>(c)</sup>  |
| 3-month Term SOFR + 3.248% <br>08/16/2077<br>| &nbsp;&nbsp; 6.900% | 252000 | &nbsp;&nbsp; 252378 |
| Ferrellgas LP/Finance Corp.<sup>(b)</sup>  | Ferrellgas LP/Finance Corp.<sup>(b)</sup>  | Ferrellgas LP/Finance Corp.<sup>(b)</sup>  | Ferrellgas LP/Finance Corp.<sup>(b)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 5.875% | 2310000 | &nbsp;&nbsp; 2232315 |
| 01/15/2031 | &nbsp;&nbsp; 9.250% | 1220000 | &nbsp;&nbsp; 1265527 |
| 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>  |
| 03/31/2034 | &nbsp;&nbsp; 2.160% | 597807 | &nbsp;&nbsp; 545343 |
| Howard Midstream Energy Partners LLC<sup>(b)</sup>  | Howard Midstream Energy Partners LLC<sup>(b)</sup>  | Howard Midstream Energy Partners LLC<sup>(b)</sup>  | Howard Midstream Energy Partners LLC<sup>(b)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 7.375% | 970000 | &nbsp;&nbsp; 1023387 |
| ITT Holdings LLC<sup>(b)</sup>  | ITT Holdings LLC<sup>(b)</sup>  | ITT Holdings LLC<sup>(b)</sup>  | ITT Holdings LLC<sup>(b)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.500% | 300000 | &nbsp;&nbsp; 291573 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| 03/15/2032 | &nbsp;&nbsp; 7.750% | 635000 | &nbsp;&nbsp; 743609 |
| 09/01/2039 | &nbsp;&nbsp; 6.500% | 1000000 | &nbsp;&nbsp; 1108914 |
| 03/01/2043 | &nbsp;&nbsp; 5.000% | 151000 | &nbsp;&nbsp; 140886 |
| Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. |
| 12/01/2034 | &nbsp;&nbsp; 5.300% | 1380000 | &nbsp;&nbsp; 1431270 |
| MPLX LP | MPLX LP | MPLX LP | MPLX LP |
| 03/01/2026 | &nbsp;&nbsp; 1.750% | 260000 | &nbsp;&nbsp; 259965 |
| 08/15/2030 | &nbsp;&nbsp; 2.650% | 1303000 | &nbsp;&nbsp; 1220425 |
| 02/15/2031 | &nbsp;&nbsp; 4.800% | 426000 | &nbsp;&nbsp; 434893 |
| 01/15/2033 | &nbsp;&nbsp; 5.000% | 907000 | &nbsp;&nbsp; 921360 |
| 06/01/2034 | &nbsp;&nbsp; 5.500% | 304000 | &nbsp;&nbsp; 315051 |
| 03/01/2047 | &nbsp;&nbsp; 5.200% | 1500000 | &nbsp;&nbsp; 1369238 |
| NGPL PipeCo LLC<sup>(b)</sup>  | NGPL PipeCo LLC<sup>(b)</sup>  | NGPL PipeCo LLC<sup>(b)</sup>  | NGPL PipeCo LLC<sup>(b)</sup>  |
| 08/15/2027 | &nbsp;&nbsp; 4.875% | 412000 | &nbsp;&nbsp; 414808 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Northriver Midstream Finance LP<sup>(b)</sup>  | Northriver Midstream Finance LP<sup>(b)</sup>  | Northriver Midstream Finance LP<sup>(b)</sup>  | Northriver Midstream Finance LP<sup>(b)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 6.750% | 885000 | &nbsp;&nbsp; 909846 |
| ONEOK Partners LP | ONEOK Partners LP | ONEOK Partners LP | ONEOK Partners LP |
| 09/15/2043 | &nbsp;&nbsp; 6.200% | 205000 | &nbsp;&nbsp; 212555 |
| ONEOK, Inc.<sup>(b)</sup>  | ONEOK, Inc.<sup>(b)</sup>  | ONEOK, Inc.<sup>(b)</sup>  | ONEOK, Inc.<sup>(b)</sup>  |
| 09/01/2030 | &nbsp;&nbsp; 6.500% | 1050000 | &nbsp;&nbsp; 1134014 |
| ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. |
| 09/01/2033 | &nbsp;&nbsp; 6.050% | 1420000 | &nbsp;&nbsp; 1525013 |
| 11/01/2034 | &nbsp;&nbsp; 5.050% | 2590000 | &nbsp;&nbsp; 2599228 |
| 09/15/2046 | &nbsp;&nbsp; 4.250% | 320000 | &nbsp;&nbsp; 255556 |
| 10/15/2055 | &nbsp;&nbsp; 6.250% | 2748000 | &nbsp;&nbsp; 2778993 |
| Plains All American Pipeline LP/Finance Corp. | Plains All American Pipeline LP/Finance Corp. | Plains All American Pipeline LP/Finance Corp. | Plains All American Pipeline LP/Finance Corp. |
| 06/01/2042 | &nbsp;&nbsp; 5.150% | 2185000 | &nbsp;&nbsp; 2041938 |
| Plains All American Pipeline LP/PAA Finance Corp. | Plains All American Pipeline LP/PAA Finance Corp. | Plains All American Pipeline LP/PAA Finance Corp. | Plains All American Pipeline LP/PAA Finance Corp. |
| 01/15/2036 | &nbsp;&nbsp; 5.600% | 2385000 | &nbsp;&nbsp; 2447266 |
| Rockies Express Pipeline LLC<sup>(b)</sup>  | Rockies Express Pipeline LLC<sup>(b)</sup>  | Rockies Express Pipeline LLC<sup>(b)</sup>  | Rockies Express Pipeline LLC<sup>(b)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.750% | 670000 | &nbsp;&nbsp; 705292 |
| Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC |
| 03/15/2027 | &nbsp;&nbsp; 5.000% | 1924000 | &nbsp;&nbsp; 1932957 |
| 03/15/2028 | &nbsp;&nbsp; 4.200% | 80000 | &nbsp;&nbsp; 80301 |
| Southern Natural Gas Co. LLC | Southern Natural Gas Co. LLC | Southern Natural Gas Co. LLC | Southern Natural Gas Co. LLC |
| 02/15/2031 | &nbsp;&nbsp; 7.350% | 2910000 | &nbsp;&nbsp; 3266551 |
| Suburban Propane Partners LP/Suburban Energy Finance Corp.<sup>(b)</sup>  | Suburban Propane Partners LP/Suburban Energy Finance Corp.<sup>(b)</sup>  | Suburban Propane Partners LP/Suburban Energy Finance Corp.<sup>(b)</sup>  | Suburban Propane Partners LP/Suburban Energy Finance Corp.<sup>(b)</sup>  |
| 12/15/2035 | &nbsp;&nbsp; 6.500% | 1065000 | &nbsp;&nbsp; 1054510 |
| Summit Midstream Holdings LLC<sup>(b)</sup>  | Summit Midstream Holdings LLC<sup>(b)</sup>  | Summit Midstream Holdings LLC<sup>(b)</sup>  | Summit Midstream Holdings LLC<sup>(b)</sup>  |
| 10/31/2029 | &nbsp;&nbsp; 8.625% | 925000 | &nbsp;&nbsp; 968363 |
| Sunoco Logistics Partners Operations LP | Sunoco Logistics Partners Operations LP | Sunoco Logistics Partners Operations LP | Sunoco Logistics Partners Operations LP |
| 04/01/2044 | &nbsp;&nbsp; 5.300% | 352000 | &nbsp;&nbsp; 328325 |
| Sunoco LP<sup>(b),(m),(n)</sup>  | Sunoco LP<sup>(b),(m),(n)</sup>  | Sunoco LP<sup>(b),(m),(n)</sup>  | Sunoco LP<sup>(b),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 7.875% | 1990000 | &nbsp;&nbsp; 2062804 |
| Sunoco LP<sup>(b)</sup>  | Sunoco LP<sup>(b)</sup>  | Sunoco LP<sup>(b)</sup>  | Sunoco LP<sup>(b)</sup>  |
| 03/15/2034 | &nbsp;&nbsp; 5.875% | 960000 | &nbsp;&nbsp; 966350 |
| Tallgrass Energy Partners LP/Finance Corp.<sup>(b)</sup>  | Tallgrass Energy Partners LP/Finance Corp.<sup>(b)</sup>  | Tallgrass Energy Partners LP/Finance Corp.<sup>(b)</sup>  | Tallgrass Energy Partners LP/Finance Corp.<sup>(b)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.500% | 142000 | &nbsp;&nbsp; 141896 |
| Targa Resources Corp. | Targa Resources Corp. | Targa Resources Corp. | Targa Resources Corp. |
| 03/30/2034 | &nbsp;&nbsp; 6.500% | 3755000 | &nbsp;&nbsp; 4157452 |
| 02/15/2035 | &nbsp;&nbsp; 5.500% | 933000 | &nbsp;&nbsp; 965289 |
| 07/30/2036 | &nbsp;&nbsp; 5.400% | 1269000 | &nbsp;&nbsp; 1292378 |
| 07/01/2052 | &nbsp;&nbsp; 6.250% | 147000 | &nbsp;&nbsp; 150467 |
| 05/15/2055 | &nbsp;&nbsp; 6.125% | 5510000 | &nbsp;&nbsp; 5571705 |
| Targa Resources Corp.<sup>(d)</sup>  | Targa Resources Corp.<sup>(d)</sup>  | Targa Resources Corp.<sup>(d)</sup>  | Targa Resources Corp.<sup>(d)</sup>  |
| 05/15/2056 | &nbsp;&nbsp; 6.050% | 1064000 | &nbsp;&nbsp; 1061447 |
| Targa Resources Partners LP/Finance Corp. | Targa Resources Partners LP/Finance Corp. | Targa Resources Partners LP/Finance Corp. | Targa Resources Partners LP/Finance Corp. |
| 02/01/2031 | &nbsp;&nbsp; 4.875% | 535000 | &nbsp;&nbsp; 541698 |
| TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. |
| 03/15/2036 | &nbsp;&nbsp; 5.850% | 185000 | &nbsp;&nbsp; 197235 |
| TransCanada PipeLines Ltd.<sup>(n)</sup>  | TransCanada PipeLines Ltd.<sup>(n)</sup>  | TransCanada PipeLines Ltd.<sup>(n)</sup>  | TransCanada PipeLines Ltd.<sup>(n)</sup>  |
| 06/01/2065 | &nbsp;&nbsp; 7.000% | 1263000 | &nbsp;&nbsp; 1313797 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC |
| 05/15/2030 | &nbsp;&nbsp; 3.250% |  | 423000 | &nbsp;&nbsp; 409317 |
| 03/15/2048 | &nbsp;&nbsp; 4.600% |  | 4875000 | &nbsp;&nbsp; 4269295 |
| Venture Global Calcasieu Pass LLC<sup>(b)</sup>  | Venture Global Calcasieu Pass LLC<sup>(b)</sup>  | Venture Global Calcasieu Pass LLC<sup>(b)</sup>  | Venture Global Calcasieu Pass LLC<sup>(b)</sup>  | Venture Global Calcasieu Pass LLC<sup>(b)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 3.875% |  | 750000 | &nbsp;&nbsp; 718576 |
| 01/15/2030 | &nbsp;&nbsp; 6.250% |  | 2400000 | &nbsp;&nbsp; 2478485 |
| 08/15/2031 | &nbsp;&nbsp; 4.125% |  | 1000000 | &nbsp;&nbsp; 938131 |
| Venture Global LNG, Inc.<sup>(b),(m),(n)</sup>  | Venture Global LNG, Inc.<sup>(b),(m),(n)</sup>  | Venture Global LNG, Inc.<sup>(b),(m),(n)</sup>  | Venture Global LNG, Inc.<sup>(b),(m),(n)</sup>  | Venture Global LNG, Inc.<sup>(b),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 9.000% |  | 6991000 | &nbsp;&nbsp; 6111839 |
| Venture Global LNG, Inc.<sup>(b)</sup>  | Venture Global LNG, Inc.<sup>(b)</sup>  | Venture Global LNG, Inc.<sup>(b)</sup>  | Venture Global LNG, Inc.<sup>(b)</sup>  | Venture Global LNG, Inc.<sup>(b)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 8.375% |  | 1495000 | &nbsp;&nbsp; 1530285 |
| 02/01/2032 | &nbsp;&nbsp; 9.875% |  | 1389000 | &nbsp;&nbsp; 1471919 |
| Venture Global Plaquemines LNG LLC<sup>(b)</sup>  | Venture Global Plaquemines LNG LLC<sup>(b)</sup>  | Venture Global Plaquemines LNG LLC<sup>(b)</sup>  | Venture Global Plaquemines LNG LLC<sup>(b)</sup>  | Venture Global Plaquemines LNG LLC<sup>(b)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 6.125% |  | 820000 | &nbsp;&nbsp; 851676 |
| 01/15/2034 | &nbsp;&nbsp; 6.500% |  | 405000 | &nbsp;&nbsp; 426229 |
| 01/15/2036 | &nbsp;&nbsp; 6.750% |  | 1435000 | &nbsp;&nbsp; 1530127 |
| Western Gas Partners LP | Western Gas Partners LP | Western Gas Partners LP | Western Gas Partners LP | Western Gas Partners LP |
| 03/01/2048 | &nbsp;&nbsp; 5.300% |  | 572000 | &nbsp;&nbsp; 504910 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| 11/15/2034 | &nbsp;&nbsp; 5.450% |  | 1177000 | &nbsp;&nbsp; 1196787 |
| Williams Companies, Inc. (The) | Williams Companies, Inc. (The) | Williams Companies, Inc. (The) | Williams Companies, Inc. (The) | Williams Companies, Inc. (The) |
| 03/15/2029 | &nbsp;&nbsp; 4.900% |  | 302000 | &nbsp;&nbsp; 309733 |
| 03/15/2032 | &nbsp;&nbsp; 8.750% |  | 3486000 | &nbsp;&nbsp; 4249754 |
| Williams Companies., Inc. (The) | Williams Companies., Inc. (The) | Williams Companies., Inc. (The) | Williams Companies., Inc. (The) | Williams Companies., Inc. (The) |
| 03/02/2026 | &nbsp;&nbsp; 5.400% |  | 3250000 | &nbsp;&nbsp; 3250365 |
| Williams Cos, Inc. (The) | Williams Cos, Inc. (The) | Williams Cos, Inc. (The) | Williams Cos, Inc. (The) | Williams Cos, Inc. (The) |
| 03/15/2056 | &nbsp;&nbsp; 5.950% |  | 3036000 | &nbsp;&nbsp; 3082036 |
| Williams Partners LP | Williams Partners LP | Williams Partners LP | Williams Partners LP | Williams Partners LP |
| 03/04/2044 | &nbsp;&nbsp; 5.400% |  | 74000 | &nbsp;&nbsp; 71918 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **125642595** |
| **Natural Gas 0.2%** | **Natural Gas 0.2%** | **Natural Gas 0.2%** | **Natural Gas 0.2%** | **Natural Gas 0.2%** |
| Boston Gas Co.<sup>(b)</sup>  | Boston Gas Co.<sup>(b)</sup>  | Boston Gas Co.<sup>(b)</sup>  | Boston Gas Co.<sup>(b)</sup>  | Boston Gas Co.<sup>(b)</sup>  |
| 08/01/2027 | &nbsp;&nbsp; 3.150% |  | 1472000 | &nbsp;&nbsp; 1455098 |
| 01/10/2035 | &nbsp;&nbsp; 5.843% |  | 637000 | &nbsp;&nbsp; 683101 |
| Brooklyn Union Gas Co. (The)<sup>(b)</sup>  | Brooklyn Union Gas Co. (The)<sup>(b)</sup>  | Brooklyn Union Gas Co. (The)<sup>(b)</sup>  | Brooklyn Union Gas Co. (The)<sup>(b)</sup>  | Brooklyn Union Gas Co. (The)<sup>(b)</sup>  |
| 07/18/2054 | &nbsp;&nbsp; 6.415% |  | 1860000 | &nbsp;&nbsp; 1958650 |
| KeySpan Corp. | KeySpan Corp. | KeySpan Corp. | KeySpan Corp. | KeySpan Corp. |
| 11/15/2030 | &nbsp;&nbsp; 8.000% |  | 670000 | &nbsp;&nbsp; 768992 |
| KeySpan Gas East Corp.<sup>(b)</sup>  | KeySpan Gas East Corp.<sup>(b)</sup>  | KeySpan Gas East Corp.<sup>(b)</sup>  | KeySpan Gas East Corp.<sup>(b)</sup>  | KeySpan Gas East Corp.<sup>(b)</sup>  |
| 03/06/2033 | &nbsp;&nbsp; 5.994% |  | 4625000 | &nbsp;&nbsp; 4940580 |
| National Gas Transmission PLC<sup>(b)</sup>  | National Gas Transmission PLC<sup>(b)</sup>  | National Gas Transmission PLC<sup>(b)</sup>  | National Gas Transmission PLC<sup>(b)</sup>  | National Gas Transmission PLC<sup>(b)</sup>  |
| 04/05/2030 | &nbsp;&nbsp; 4.250% | EUR | 2745000 | &nbsp;&nbsp; 3401668 |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 1.700% |  | 605000 | &nbsp;&nbsp; 536347 |
| 06/30/2033 | &nbsp;&nbsp; 5.400% |  | 930000 | &nbsp;&nbsp; 974179 |
| 04/01/2055 | &nbsp;&nbsp; 5.850% |  | 1080000 | &nbsp;&nbsp; 1089536 |
| ONE Gas, Inc. | ONE Gas, Inc. | ONE Gas, Inc. | ONE Gas, Inc. | ONE Gas, Inc. |
| 04/01/2029 | &nbsp;&nbsp; 5.100% |  | 423000 | &nbsp;&nbsp; 437126 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Piedmont Natural Gas Co., Inc. | Piedmont Natural Gas Co., Inc. | Piedmont Natural Gas Co., Inc. | Piedmont Natural Gas Co., Inc. | Piedmont Natural Gas Co., Inc. |
| 02/15/2035 | &nbsp;&nbsp; 5.100% |  | 3400000 | &nbsp;&nbsp; 3481405 |
| Redexis SA<sup>(b)</sup>  | Redexis SA<sup>(b)</sup>  | Redexis SA<sup>(b)</sup>  | Redexis SA<sup>(b)</sup>  | Redexis SA<sup>(b)</sup>  |
| 05/30/2031 | &nbsp;&nbsp; 4.375% | EUR | 1300000 | &nbsp;&nbsp; 1593990 |
| Sempra<sup>(n)</sup>  | Sempra<sup>(n)</sup>  | Sempra<sup>(n)</sup>  | Sempra<sup>(n)</sup>  | Sempra<sup>(n)</sup>  |
| 10/01/2054 | &nbsp;&nbsp; 6.400% |  | 1213000 | &nbsp;&nbsp; 1236851 |
| South Jersey Industries, Inc. | South Jersey Industries, Inc. | South Jersey Industries, Inc. | South Jersey Industries, Inc. | South Jersey Industries, Inc. |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 04/15/2031 | &nbsp;&nbsp; 5.020% |  | 1422000 | &nbsp;&nbsp; 1241745 |
| Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. |
| 09/15/2032 | &nbsp;&nbsp; 5.150% |  | 5715000 | &nbsp;&nbsp; 5924122 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **29723390** |
| **Office REIT 0.1%** | **Office REIT 0.1%** | **Office REIT 0.1%** | **Office REIT 0.1%** | **Office REIT 0.1%** |
| Cousins Properties LP | Cousins Properties LP | Cousins Properties LP | Cousins Properties LP | Cousins Properties LP |
| 03/01/2033 | &nbsp;&nbsp; 4.875% |  | 1590000 | &nbsp;&nbsp; 1575927 |
| Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP |
| 11/01/2027 | &nbsp;&nbsp; 3.950% |  | 3463000 | &nbsp;&nbsp; 3301990 |
| 02/15/2028 | &nbsp;&nbsp; 5.950% |  | 55000 | &nbsp;&nbsp; 52870 |
| 01/15/2030 | &nbsp;&nbsp; 3.250% |  | 590000 | &nbsp;&nbsp; 493243 |
| Piedmont Operating Partnership LP | Piedmont Operating Partnership LP | Piedmont Operating Partnership LP | Piedmont Operating Partnership LP | Piedmont Operating Partnership LP |
| 04/01/2032 | &nbsp;&nbsp; 2.750% |  | 2050000 | &nbsp;&nbsp; 1786805 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **7210835** |
| **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** |
| Helmerich & Payne, Inc. | Helmerich & Payne, Inc. | Helmerich & Payne, Inc. | Helmerich & Payne, Inc. | Helmerich & Payne, Inc. |
| 12/01/2034 | &nbsp;&nbsp; 5.500% |  | 2845000 | &nbsp;&nbsp; 2865882 |
| Schlumberger Holdings Corp.<sup>(b)</sup>  | Schlumberger Holdings Corp.<sup>(b)</sup>  | Schlumberger Holdings Corp.<sup>(b)</sup>  | Schlumberger Holdings Corp.<sup>(b)</sup>  | Schlumberger Holdings Corp.<sup>(b)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 5.000% |  | 837000 | &nbsp;&nbsp; 865991 |
| 06/26/2030 | &nbsp;&nbsp; 2.650% |  | 564000 | &nbsp;&nbsp; 534530 |
| Transocean, Inc.<sup>(b)</sup>  | Transocean, Inc.<sup>(b)</sup>  | Transocean, Inc.<sup>(b)</sup>  | Transocean, Inc.<sup>(b)</sup>  | Transocean, Inc.<sup>(b)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 8.250% |  | 1345000 | &nbsp;&nbsp; 1400148 |
| 02/15/2030 | &nbsp;&nbsp; 8.750% |  | 248500 | &nbsp;&nbsp; 259820 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5926371** |
| **Other Financial Institutions 0.2%** | **Other Financial Institutions 0.2%** | **Other Financial Institutions 0.2%** | **Other Financial Institutions 0.2%** | **Other Financial Institutions 0.2%** |
| Atlas Warehouse Lending Co. LP<sup>(b)</sup>  | Atlas Warehouse Lending Co. LP<sup>(b)</sup>  | Atlas Warehouse Lending Co. LP<sup>(b)</sup>  | Atlas Warehouse Lending Co. LP<sup>(b)</sup>  | Atlas Warehouse Lending Co. LP<sup>(b)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 6.050% |  | 2244000 | &nbsp;&nbsp; 2309240 |
| 01/15/2030 | &nbsp;&nbsp; 6.250% |  | 1048000 | &nbsp;&nbsp; 1094813 |
| Atlas Warehouse Lending Co., LP<sup>(b)</sup>  | Atlas Warehouse Lending Co., LP<sup>(b)</sup>  | Atlas Warehouse Lending Co., LP<sup>(b)</sup>  | Atlas Warehouse Lending Co., LP<sup>(b)</sup>  | Atlas Warehouse Lending Co., LP<sup>(b)</sup>  |
| 11/15/2028 | &nbsp;&nbsp; 4.625% |  | 1565000 | &nbsp;&nbsp; 1564053 |
| 11/15/2030 | &nbsp;&nbsp; 4.950% |  | 2805000 | &nbsp;&nbsp; 2810413 |
| Greystone Commercial Capital Trust<sup>(b),(c),(i)</sup>  | Greystone Commercial Capital Trust<sup>(b),(c),(i)</sup>  | Greystone Commercial Capital Trust<sup>(b),(c),(i)</sup>  | Greystone Commercial Capital Trust<sup>(b),(c),(i)</sup>  | Greystone Commercial Capital Trust<sup>(b),(c),(i)</sup>  |
| 1-month USD LIBOR + 2.270% <br>08/31/2028<br>| &nbsp;&nbsp; 7.713% |  | 9190225 | &nbsp;&nbsp; 8179300 |
| Howard Hughes Corp. (The)<sup>(b)</sup>  | Howard Hughes Corp. (The)<sup>(b)</sup>  | Howard Hughes Corp. (The)<sup>(b)</sup>  | Howard Hughes Corp. (The)<sup>(b)</sup>  | Howard Hughes Corp. (The)<sup>(b)</sup>  |
| 02/01/2031 | &nbsp;&nbsp; 4.375% |  | 750000 | &nbsp;&nbsp; 713236 |
| 03/01/2032 | &nbsp;&nbsp; 5.875% |  | 1045000 | &nbsp;&nbsp; 1044473 |
| 03/01/2034 | &nbsp;&nbsp; 6.125% |  | 1045000 | &nbsp;&nbsp; 1042651 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. |
| 01/15/2029 | &nbsp;&nbsp; 9.750% |  | 1253000 | &nbsp;&nbsp; 1233492 |
| 06/15/2030 | &nbsp;&nbsp; 9.000% |  | 1649000 | &nbsp;&nbsp; 1564172 |
| Icahn Enterprises LP/Finance Corp.<sup>(b)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(b)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(b)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(b)</sup>  | Icahn Enterprises LP/Finance Corp.<sup>(b)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 10.000% |  | 340000 | &nbsp;&nbsp; 335755 |
| Lseg US Fin Corp.<sup>(b)</sup>  | Lseg US Fin Corp.<sup>(b)</sup>  | Lseg US Fin Corp.<sup>(b)</sup>  | Lseg US Fin Corp.<sup>(b)</sup>  | Lseg US Fin Corp.<sup>(b)</sup>  |
| 03/28/2027 | &nbsp;&nbsp; 4.875% |  | 1152000 | &nbsp;&nbsp; 1162502 |
| 03/28/2034 | &nbsp;&nbsp; 5.297% |  | 1058000 | &nbsp;&nbsp; 1092156 |
| Vonovia SE<sup>(b)</sup>  | Vonovia SE<sup>(b)</sup>  | Vonovia SE<sup>(b)</sup>  | Vonovia SE<sup>(b)</sup>  | Vonovia SE<sup>(b)</sup>  |
| 09/01/2032 | &nbsp;&nbsp; 0.750% | EUR | 2600000 | &nbsp;&nbsp; 2604349 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **26750605** |
| **Other Industry 0.2%** | **Other Industry 0.2%** | **Other Industry 0.2%** | **Other Industry 0.2%** | **Other Industry 0.2%** |
| Arcosa, Inc.<sup>(b)</sup>  | Arcosa, Inc.<sup>(b)</sup>  | Arcosa, Inc.<sup>(b)</sup>  | Arcosa, Inc.<sup>(b)</sup>  | Arcosa, Inc.<sup>(b)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.875% |  | 780000 | &nbsp;&nbsp; 818203 |
| Booz Allen Hamilton, Inc.<sup>(b)</sup>  | Booz Allen Hamilton, Inc.<sup>(b)</sup>  | Booz Allen Hamilton, Inc.<sup>(b)</sup>  | Booz Allen Hamilton, Inc.<sup>(b)</sup>  | Booz Allen Hamilton, Inc.<sup>(b)</sup>  |
| 09/01/2028 | &nbsp;&nbsp; 3.875% |  | 3023000 | &nbsp;&nbsp; 2976298 |
| Grand Canyon University | Grand Canyon University | Grand Canyon University | Grand Canyon University | Grand Canyon University |
| 10/01/2028 | &nbsp;&nbsp; 5.125% |  | 530000 | &nbsp;&nbsp; 531399 |
| Jacobs Solutions, Inc.<sup>(d)</sup>  | Jacobs Solutions, Inc.<sup>(d)</sup>  | Jacobs Solutions, Inc.<sup>(d)</sup>  | Jacobs Solutions, Inc.<sup>(d)</sup>  | Jacobs Solutions, Inc.<sup>(d)</sup>  |
| 03/03/2031 | &nbsp;&nbsp; 4.750% |  | 4428000 | &nbsp;&nbsp; 4433847 |
| 03/03/2036 | &nbsp;&nbsp; 5.375% |  | 910000 | &nbsp;&nbsp; 908918 |
| Massachusetts Institute of Technology | Massachusetts Institute of Technology | Massachusetts Institute of Technology | Massachusetts Institute of Technology | Massachusetts Institute of Technology |
| 07/01/2114 | &nbsp;&nbsp; 4.678% |  | 758000 | &nbsp;&nbsp; 655047 |
| 07/01/2116 | &nbsp;&nbsp; 3.885% |  | 1850000 | &nbsp;&nbsp; 1331769 |
| Mitsubishi Corp.<sup>(b)</sup>  | Mitsubishi Corp.<sup>(b)</sup>  | Mitsubishi Corp.<sup>(b)</sup>  | Mitsubishi Corp.<sup>(b)</sup>  | Mitsubishi Corp.<sup>(b)</sup>  |
| 07/02/2029 | &nbsp;&nbsp; 5.000% |  | 2655000 | &nbsp;&nbsp; 2738742 |
| Northwestern University | Northwestern University | Northwestern University | Northwestern University | Northwestern University |
| 12/01/2057 | &nbsp;&nbsp; 3.662% |  | 1350000 | &nbsp;&nbsp; 1021340 |
| President and Fellows of Harvard College | President and Fellows of Harvard College | President and Fellows of Harvard College | President and Fellows of Harvard College | President and Fellows of Harvard College |
| 07/15/2046 | &nbsp;&nbsp; 3.150% |  | 3031000 | &nbsp;&nbsp; 2289156 |
| 07/15/2056 | &nbsp;&nbsp; 3.300% |  | 2230000 | &nbsp;&nbsp; 1571785 |
| TopBuild Corp.<sup>(b)</sup>  | TopBuild Corp.<sup>(b)</sup>  | TopBuild Corp.<sup>(b)</sup>  | TopBuild Corp.<sup>(b)</sup>  | TopBuild Corp.<sup>(b)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 3.625% |  | 1000000 | &nbsp;&nbsp; 967413 |
| Trustees of the University of Pennsylvania (The) | Trustees of the University of Pennsylvania (The) | Trustees of the University of Pennsylvania (The) | Trustees of the University of Pennsylvania (The) | Trustees of the University of Pennsylvania (The) |
| 09/01/2112 | &nbsp;&nbsp; 4.674% |  | 1620000 | &nbsp;&nbsp; 1368962 |
| University of Southern California | University of Southern California | University of Southern California | University of Southern California | University of Southern California |
| 10/01/2039 | &nbsp;&nbsp; 3.028% |  | 3425000 | &nbsp;&nbsp; 2907108 |
| Williams Scotsman, Inc.<sup>(b)</sup>  | Williams Scotsman, Inc.<sup>(b)</sup>  | Williams Scotsman, Inc.<sup>(b)</sup>  | Williams Scotsman, Inc.<sup>(b)</sup>  | Williams Scotsman, Inc.<sup>(b)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 6.625% |  | 2075000 | &nbsp;&nbsp; 2142905 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **26662892** |
| **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** |
| American Assets Trust LP | American Assets Trust LP | American Assets Trust LP | American Assets Trust LP | American Assets Trust LP |
| 02/01/2031 | &nbsp;&nbsp; 3.375% |  | 3115000 | &nbsp;&nbsp; 2866582 |
| CubeSmart LP | CubeSmart LP | CubeSmart LP | CubeSmart LP | CubeSmart LP |
| 12/15/2028 | &nbsp;&nbsp; 2.250% |  | 658000 | &nbsp;&nbsp; 627236 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Digital Dutch Finco BV<sup>(b)</sup>  | Digital Dutch Finco BV<sup>(b)</sup>  | Digital Dutch Finco BV<sup>(b)</sup>  | Digital Dutch Finco BV<sup>(b)</sup>  | Digital Dutch Finco BV<sup>(b)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 1.000% | EUR | 980000 | &nbsp;&nbsp; 1010949 |
| 03/15/2035 | &nbsp;&nbsp; 3.875% | EUR | 370000 | &nbsp;&nbsp; 437049 |
| EPR Properties | EPR Properties | EPR Properties | EPR Properties | EPR Properties |
| 11/15/2030 | &nbsp;&nbsp; 4.750% |  | 3988000 | &nbsp;&nbsp; 3996561 |
| Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP |
| 04/01/2028 | &nbsp;&nbsp; 5.700% |  | 1245000 | &nbsp;&nbsp; 1285309 |
| 04/01/2029 | &nbsp;&nbsp; 3.900% |  | 1392000 | &nbsp;&nbsp; 1384222 |
| 06/15/2029 | &nbsp;&nbsp; 4.000% |  | 393000 | &nbsp;&nbsp; 391837 |
| 10/15/2030 | &nbsp;&nbsp; 2.200% |  | 2263000 | &nbsp;&nbsp; 2068379 |
| 10/15/2031 | &nbsp;&nbsp; 2.400% |  | 330000 | &nbsp;&nbsp; 295750 |
| 01/15/2035 | &nbsp;&nbsp; 5.350% |  | 523000 | &nbsp;&nbsp; 538309 |
| First Industrial LP | First Industrial LP | First Industrial LP | First Industrial LP | First Industrial LP |
| 01/15/2031 | &nbsp;&nbsp; 5.250% |  | 1807000 | &nbsp;&nbsp; 1858601 |
| Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP |
| 12/15/2028 | &nbsp;&nbsp; 4.250% |  | 1145000 | &nbsp;&nbsp; 1150131 |
| Ladder Capital Finance Holdings LLLP/Corp.<sup>(b)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(b)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(b)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(b)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(b)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.750% |  | 996000 | &nbsp;&nbsp; 988183 |
| Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust |
| 10/01/2031 | &nbsp;&nbsp; 2.375% |  | 3805000 | &nbsp;&nbsp; 3375913 |
| Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(b)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(b)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(b)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(b)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(b)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 4.875% |  | 875000 | &nbsp;&nbsp; 859749 |
| 02/01/2030 | &nbsp;&nbsp; 7.000% |  | 990000 | &nbsp;&nbsp; 1025395 |
| Prologis Euro Finance LLC | Prologis Euro Finance LLC | Prologis Euro Finance LLC | Prologis Euro Finance LLC | Prologis Euro Finance LLC |
| 05/23/2033 | &nbsp;&nbsp; 4.625% | EUR | 670000 | &nbsp;&nbsp; 855850 |
| Prologis Targeted US Logistics Fund LP<sup>(b)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(b)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(b)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(b)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(b)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 5.250% |  | 1579000 | &nbsp;&nbsp; 1632974 |
| 01/15/2031 | &nbsp;&nbsp; 4.250% |  | 1685000 | &nbsp;&nbsp; 1688777 |
| 04/01/2034 | &nbsp;&nbsp; 5.500% |  | 330000 | &nbsp;&nbsp; 345587 |
| Prologis Targeted US Logistics Fund LP<sup>(b),(d)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(b),(d)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(b),(d)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(b),(d)</sup>  | Prologis Targeted US Logistics Fund LP<sup>(b),(d)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 4.625% |  | 5635000 | &nbsp;&nbsp; 5625664 |
| Rexford Industrial Realty LP | Rexford Industrial Realty LP | Rexford Industrial Realty LP | Rexford Industrial Realty LP | Rexford Industrial Realty LP |
| 09/01/2031 | &nbsp;&nbsp; 2.150% |  | 2402000 | &nbsp;&nbsp; 2131983 |
| Starwood Property Trust, Inc.<sup>(b)</sup>  | Starwood Property Trust, Inc.<sup>(b)</sup>  | Starwood Property Trust, Inc.<sup>(b)</sup>  | Starwood Property Trust, Inc.<sup>(b)</sup>  | Starwood Property Trust, Inc.<sup>(b)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 5.250% |  | 835000 | &nbsp;&nbsp; 837847 |
| 07/01/2030 | &nbsp;&nbsp; 6.500% |  | 770000 | &nbsp;&nbsp; 800943 |
| 10/15/2030 | &nbsp;&nbsp; 6.500% |  | 1000000 | &nbsp;&nbsp; 1042504 |
| WP Carey, Inc. | WP Carey, Inc. | WP Carey, Inc. | WP Carey, Inc. | WP Carey, Inc. |
| 07/23/2032 | &nbsp;&nbsp; 4.250% | EUR | 500000 | &nbsp;&nbsp; 615927 |
| 04/01/2033 | &nbsp;&nbsp; 2.250% |  | 4080000 | &nbsp;&nbsp; 3477431 |
| 05/10/2035 | &nbsp;&nbsp; 3.750% | EUR | 1390000 | &nbsp;&nbsp; 1625489 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **44841131** |
| **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** |
| DWR Cymru Financing UK PLC<sup>(b)</sup>  | DWR Cymru Financing UK PLC<sup>(b)</sup>  | DWR Cymru Financing UK PLC<sup>(b)</sup>  | DWR Cymru Financing UK PLC<sup>(b)</sup>  | DWR Cymru Financing UK PLC<sup>(b)</sup>  |
| 09/08/2037 | &nbsp;&nbsp; 6.250% | GBP | 740000 | &nbsp;&nbsp; 1036044 |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 03/31/2034 | &nbsp;&nbsp; 2.375% | GBP | 1865000 | &nbsp;&nbsp; 1964964 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Essential Utilities, Inc. | Essential Utilities, Inc. | Essential Utilities, Inc. | Essential Utilities, Inc. | Essential Utilities, Inc. |
| 08/15/2027 | &nbsp;&nbsp; 4.800% |  | 2720000 | &nbsp;&nbsp; 2750285 |
| 04/15/2030 | &nbsp;&nbsp; 2.704% |  | 1270000 | &nbsp;&nbsp; 1201393 |
| 01/15/2034 | &nbsp;&nbsp; 5.375% |  | 378000 | &nbsp;&nbsp; 393336 |
| Severn Trent Utilities Finance PLC<sup>(b)</sup>  | Severn Trent Utilities Finance PLC<sup>(b)</sup>  | Severn Trent Utilities Finance PLC<sup>(b)</sup>  | Severn Trent Utilities Finance PLC<sup>(b)</sup>  | Severn Trent Utilities Finance PLC<sup>(b)</sup>  |
| 08/04/2037 | &nbsp;&nbsp; 3.875% | EUR | 1015000 | &nbsp;&nbsp; 1194706 |
| Suez SACA<sup>(b)</sup>  | Suez SACA<sup>(b)</sup>  | Suez SACA<sup>(b)</sup>  | Suez SACA<sup>(b)</sup>  | Suez SACA<sup>(b)</sup>  |
| 05/24/2034 | &nbsp;&nbsp; 2.875% | EUR | 2500000 | &nbsp;&nbsp; 2789445 |
| United Utilities Water Finance PLC<sup>(b)</sup>  | United Utilities Water Finance PLC<sup>(b)</sup>  | United Utilities Water Finance PLC<sup>(b)</sup>  | United Utilities Water Finance PLC<sup>(b)</sup>  | United Utilities Water Finance PLC<sup>(b)</sup>  |
| 05/23/2034 | &nbsp;&nbsp; 3.750% | EUR | 625000 | &nbsp;&nbsp; 749237 |
| Yorkshire Water Finance PLC<sup>(b)</sup>  | Yorkshire Water Finance PLC<sup>(b)</sup>  | Yorkshire Water Finance PLC<sup>(b)</sup>  | Yorkshire Water Finance PLC<sup>(b)</sup>  | Yorkshire Water Finance PLC<sup>(b)</sup>  |
| 11/18/2034 | &nbsp;&nbsp; 6.375% | GBP | 2100000 | &nbsp;&nbsp; 2969826 |
| 04/18/2041 | &nbsp;&nbsp; 2.750% | GBP | 400000 | &nbsp;&nbsp; 357039 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **15406275** |
| **Packaging 0.2%** | **Packaging 0.2%** | **Packaging 0.2%** | **Packaging 0.2%** | **Packaging 0.2%** |
| Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. |
| 03/17/2028 | &nbsp;&nbsp; 4.800% |  | 2385000 | &nbsp;&nbsp; 2426058 |
| 03/17/2035 | &nbsp;&nbsp; 5.500% |  | 995000 | &nbsp;&nbsp; 1046770 |
| Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC |
| 05/23/2029 | &nbsp;&nbsp; 5.450% |  | 4614000 | &nbsp;&nbsp; 4800987 |
| Amcor UK Finance PLC | Amcor UK Finance PLC | Amcor UK Finance PLC | Amcor UK Finance PLC | Amcor UK Finance PLC |
| 02/20/2033 | &nbsp;&nbsp; 3.750% | EUR | 2550000 | &nbsp;&nbsp; 3044813 |
| Ardagh Group SA<sup>(b),(o)</sup>  | Ardagh Group SA<sup>(b),(o)</sup>  | Ardagh Group SA<sup>(b),(o)</sup>  | Ardagh Group SA<sup>(b),(o)</sup>  | Ardagh Group SA<sup>(b),(o)</sup>  |
| 12/01/2030 | &nbsp;&nbsp; 12.000% |  | 500000 | &nbsp;&nbsp; 482814 |
| Ball Corp. | Ball Corp. | Ball Corp. | Ball Corp. | Ball Corp. |
| 08/15/2030 | &nbsp;&nbsp; 2.875% |  | 1000000 | &nbsp;&nbsp; 930115 |
| Berry Global Escrow Corp.<sup>(b)</sup>  | Berry Global Escrow Corp.<sup>(b)</sup>  | Berry Global Escrow Corp.<sup>(b)</sup>  | Berry Global Escrow Corp.<sup>(b)</sup>  | Berry Global Escrow Corp.<sup>(b)</sup>  |
| 07/15/2026 | &nbsp;&nbsp; 4.875% |  | 782000 | &nbsp;&nbsp; 782390 |
| Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. |
| 01/15/2027 | &nbsp;&nbsp; 1.650% |  | 1065000 | &nbsp;&nbsp; 1044777 |
| 04/15/2028 | &nbsp;&nbsp; 5.500% |  | 6438000 | &nbsp;&nbsp; 6641532 |
| 01/15/2034 | &nbsp;&nbsp; 5.650% |  | 1600000 | &nbsp;&nbsp; 1690443 |
| Clydesdale Acquisition Holdings, Inc.<sup>(b)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 8.750% |  | 1925000 | &nbsp;&nbsp; 1922645 |
| 04/15/2032 | &nbsp;&nbsp; 6.750% |  | 800000 | &nbsp;&nbsp; 805797 |
| Owens-Brockway Glass Container, Inc.<sup>(b)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 7.250% |  | 1000000 | &nbsp;&nbsp; 1010324 |
| Sealed Air Corp.<sup>(b)</sup>  | Sealed Air Corp.<sup>(b)</sup>  | Sealed Air Corp.<sup>(b)</sup>  | Sealed Air Corp.<sup>(b)</sup>  | Sealed Air Corp.<sup>(b)</sup>  |
| 10/15/2026 | &nbsp;&nbsp; 1.573% |  | 667000 | &nbsp;&nbsp; 657349 |
| 02/15/2031 | &nbsp;&nbsp; 7.250% |  | 950000 | &nbsp;&nbsp; 986407 |
| Sonoco Products Co. | Sonoco Products Co. | Sonoco Products Co. | Sonoco Products Co. | Sonoco Products Co. |
| 09/01/2029 | &nbsp;&nbsp; 4.600% |  | 674000 | &nbsp;&nbsp; 683354 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **28956575** |
| **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** |
| Cascades, Inc./USA<sup>(b)</sup>  | Cascades, Inc./USA<sup>(b)</sup>  | Cascades, Inc./USA<sup>(b)</sup>  | Cascades, Inc./USA<sup>(b)</sup>  | Cascades, Inc./USA<sup>(b)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.375% |  | 1020000 | &nbsp;&nbsp; 1017981 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Inversiones CMPC SA<sup>(b)</sup>  | Inversiones CMPC SA<sup>(b)</sup>  | Inversiones CMPC SA<sup>(b)</sup>  | Inversiones CMPC SA<sup>(b)</sup>  |
| 02/26/2034 | &nbsp;&nbsp; 6.125% | 1500000 | &nbsp;&nbsp; 1530272 |
| Smurfit Kappa Treasury ULC | Smurfit Kappa Treasury ULC | Smurfit Kappa Treasury ULC | Smurfit Kappa Treasury ULC |
| 01/15/2030 | &nbsp;&nbsp; 5.200% | 2025000 | &nbsp;&nbsp; 2098980 |
| 04/03/2034 | &nbsp;&nbsp; 5.438% | 737000 | &nbsp;&nbsp; 768231 |
| Weyerhaeuser Co. | Weyerhaeuser Co. | Weyerhaeuser Co. | Weyerhaeuser Co. |
| 05/15/2026 | &nbsp;&nbsp; 4.750% | 124000 | &nbsp;&nbsp; 124157 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5539621** |
| **Pharmaceuticals 0.6%** | **Pharmaceuticals 0.6%** | **Pharmaceuticals 0.6%** | **Pharmaceuticals 0.6%** |
| 1261229 BC Ltd.<sup>(b)</sup>  | 1261229 BC Ltd.<sup>(b)</sup>  | 1261229 BC Ltd.<sup>(b)</sup>  | 1261229 BC Ltd.<sup>(b)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 10.000% | 1656000 | &nbsp;&nbsp; 1720313 |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 11/21/2026 | &nbsp;&nbsp; 2.950% | 687000 | &nbsp;&nbsp; 682654 |
| 03/15/2028 | &nbsp;&nbsp; 4.650% | 588000 | &nbsp;&nbsp; 598071 |
| 11/21/2029 | &nbsp;&nbsp; 3.200% | 2358000 | &nbsp;&nbsp; 2303136 |
| 03/15/2035 | &nbsp;&nbsp; 4.550% | 4329000 | &nbsp;&nbsp; 4308200 |
| 05/14/2035 | &nbsp;&nbsp; 4.500% | 1131000 | &nbsp;&nbsp; 1120741 |
| 11/21/2039 | &nbsp;&nbsp; 4.050% | 475000 | &nbsp;&nbsp; 429731 |
| 10/01/2042 | &nbsp;&nbsp; 4.625% | 1000000 | &nbsp;&nbsp; 934163 |
| 05/14/2045 | &nbsp;&nbsp; 4.700% | 680000 | &nbsp;&nbsp; 623252 |
| 03/15/2055 | &nbsp;&nbsp; 5.600% | 1025000 | &nbsp;&nbsp; 1036183 |
| AbbVie, Inc.<sup>(d)</sup>  | AbbVie, Inc.<sup>(d)</sup>  | AbbVie, Inc.<sup>(d)</sup>  | AbbVie, Inc.<sup>(d)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 4.125% | 3444000 | &nbsp;&nbsp; 3454606 |
| 03/15/2066 | &nbsp;&nbsp; 5.650% | 1823000 | &nbsp;&nbsp; 1829476 |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| 02/22/2052 | &nbsp;&nbsp; 4.200% | 345000 | &nbsp;&nbsp; 278998 |
| 02/19/2056 | &nbsp;&nbsp; 5.650% | 2740000 | &nbsp;&nbsp; 2734721 |
| Astrazeneca Finance LLC | Astrazeneca Finance LLC | Astrazeneca Finance LLC | Astrazeneca Finance LLC |
| 02/26/2031 | &nbsp;&nbsp; 4.900% | 1483000 | &nbsp;&nbsp; 1540981 |
| Bausch Health Companies, Inc.<sup>(b)</sup>  | Bausch Health Companies, Inc.<sup>(b)</sup>  | Bausch Health Companies, Inc.<sup>(b)</sup>  | Bausch Health Companies, Inc.<sup>(b)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 7.000% | 415000 | &nbsp;&nbsp; 378933 |
| 01/30/2028 | &nbsp;&nbsp; 5.000% | 1100000 | &nbsp;&nbsp; 961835 |
| 06/01/2028 | &nbsp;&nbsp; 4.875% | 141000 | &nbsp;&nbsp; 130987 |
| 02/15/2029 | &nbsp;&nbsp; 5.000% | 100000 | &nbsp;&nbsp; 76192 |
| 02/15/2029 | &nbsp;&nbsp; 6.250% | 850000 | &nbsp;&nbsp; 676449 |
| 01/30/2030 | &nbsp;&nbsp; 5.250% | 200000 | &nbsp;&nbsp; 140783 |
| 02/15/2031 | &nbsp;&nbsp; 5.250% | 1200000 | &nbsp;&nbsp; 790169 |
| Bayer US Finance II LLC<sup>(b)</sup>  | Bayer US Finance II LLC<sup>(b)</sup>  | Bayer US Finance II LLC<sup>(b)</sup>  | Bayer US Finance II LLC<sup>(b)</sup>  |
| 12/15/2028 | &nbsp;&nbsp; 4.375% | 5945000 | &nbsp;&nbsp; 5966307 |
| 06/25/2038 | &nbsp;&nbsp; 4.625% | 1000000 | &nbsp;&nbsp; 928762 |
| 07/15/2044 | &nbsp;&nbsp; 4.400% | 2454000 | &nbsp;&nbsp; 2014463 |
| 06/25/2048 | &nbsp;&nbsp; 4.875% | 3269000 | &nbsp;&nbsp; 2804533 |
| Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. |
| 02/22/2031 | &nbsp;&nbsp; 5.100% | 615000 | &nbsp;&nbsp; 642995 |
| 05/15/2044 | &nbsp;&nbsp; 4.625% | 555000 | &nbsp;&nbsp; 507298 |
| 02/22/2054 | &nbsp;&nbsp; 5.550% | 1019000 | &nbsp;&nbsp; 1010717 |
| CSL Finance PLC<sup>(b)</sup>  | CSL Finance PLC<sup>(b)</sup>  | CSL Finance PLC<sup>(b)</sup>  | CSL Finance PLC<sup>(b)</sup>  |
| 04/27/2029 | &nbsp;&nbsp; 4.050% | 635000 | &nbsp;&nbsp; 636441 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. |
| 10/15/2032 | &nbsp;&nbsp; 4.550% |  | 12370000 | &nbsp;&nbsp; 12621244 |
| 02/12/2055 | &nbsp;&nbsp; 5.500% |  | 835000 | &nbsp;&nbsp; 841154 |
| GENMAB A/S/FINANCE LLC<sup>(b)</sup>  | GENMAB A/S/FINANCE LLC<sup>(b)</sup>  | GENMAB A/S/FINANCE LLC<sup>(b)</sup>  | GENMAB A/S/FINANCE LLC<sup>(b)</sup>  | GENMAB A/S/FINANCE LLC<sup>(b)</sup>  |
| 12/15/2033 | &nbsp;&nbsp; 7.250% |  | 1000000 | &nbsp;&nbsp; 1060909 |
| GlaxoSmithKline Capital, Inc. | GlaxoSmithKline Capital, Inc. | GlaxoSmithKline Capital, Inc. | GlaxoSmithKline Capital, Inc. | GlaxoSmithKline Capital, Inc. |
| 04/15/2035 | &nbsp;&nbsp; 4.875% |  | 1199000 | &nbsp;&nbsp; 1222908 |
| Grifols SA<sup>(b)</sup>  | Grifols SA<sup>(b)</sup>  | Grifols SA<sup>(b)</sup>  | Grifols SA<sup>(b)</sup>  | Grifols SA<sup>(b)</sup>  |
| 05/01/2030 | &nbsp;&nbsp; 7.500% | EUR | 2839000 | &nbsp;&nbsp; 3509711 |
| Johnson & Johnson | Johnson & Johnson | Johnson & Johnson | Johnson & Johnson | Johnson & Johnson |
| 06/01/2031 | &nbsp;&nbsp; 4.900% |  | 490000 | &nbsp;&nbsp; 514044 |
| Kevlar SpA<sup>(b)</sup>  | Kevlar SpA<sup>(b)</sup>  | Kevlar SpA<sup>(b)</sup>  | Kevlar SpA<sup>(b)</sup>  | Kevlar SpA<sup>(b)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 6.500% |  | 1015000 | &nbsp;&nbsp; 991152 |
| Merck & Co, Inc. | Merck & Co, Inc. | Merck & Co, Inc. | Merck & Co, Inc. | Merck & Co, Inc. |
| 09/15/2035 | &nbsp;&nbsp; 4.950% |  | 2580000 | &nbsp;&nbsp; 2645042 |
| Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. |
| 12/04/2032 | &nbsp;&nbsp; 4.450% |  | 1914000 | &nbsp;&nbsp; 1939250 |
| Mylan NV | Mylan NV | Mylan NV | Mylan NV | Mylan NV |
| 06/15/2026 | &nbsp;&nbsp; 3.950% |  | 3014000 | &nbsp;&nbsp; 3008924 |
| Mylan, Inc. | Mylan, Inc. | Mylan, Inc. | Mylan, Inc. | Mylan, Inc. |
| 04/15/2048 | &nbsp;&nbsp; 5.200% |  | 2550000 | &nbsp;&nbsp; 2108158 |
| Organon Finance 1 LLC<sup>(b)</sup>  | Organon Finance 1 LLC<sup>(b)</sup>  | Organon Finance 1 LLC<sup>(b)</sup>  | Organon Finance 1 LLC<sup>(b)</sup>  | Organon Finance 1 LLC<sup>(b)</sup>  |
| 04/30/2031 | &nbsp;&nbsp; 5.125% |  | 1300000 | &nbsp;&nbsp; 1152963 |
| Pfizer Investment Enterprises Pte., Ltd. | Pfizer Investment Enterprises Pte., Ltd. | Pfizer Investment Enterprises Pte., Ltd. | Pfizer Investment Enterprises Pte., Ltd. | Pfizer Investment Enterprises Pte., Ltd. |
| 05/19/2030 | &nbsp;&nbsp; 4.650% |  | 520000 | &nbsp;&nbsp; 532715 |
| 05/19/2033 | &nbsp;&nbsp; 4.750% |  | 589000 | &nbsp;&nbsp; 601212 |
| Roche Holdings, Inc.<sup>(b)</sup>  | Roche Holdings, Inc.<sup>(b)</sup>  | Roche Holdings, Inc.<sup>(b)</sup>  | Roche Holdings, Inc.<sup>(b)</sup>  | Roche Holdings, Inc.<sup>(b)</sup>  |
| 11/13/2030 | &nbsp;&nbsp; 5.489% |  | 1526000 | &nbsp;&nbsp; 1622359 |
| 09/09/2034 | &nbsp;&nbsp; 4.592% |  | 520000 | &nbsp;&nbsp; 525222 |
| Royalty Pharma PLC | Royalty Pharma PLC | Royalty Pharma PLC | Royalty Pharma PLC | Royalty Pharma PLC |
| 09/02/2027 | &nbsp;&nbsp; 1.750% |  | 401000 | &nbsp;&nbsp; 388065 |
| 09/02/2030 | &nbsp;&nbsp; 2.200% |  | 3138000 | &nbsp;&nbsp; 2879036 |
| Takeda Pharmaceutical Co., Ltd. | Takeda Pharmaceutical Co., Ltd. | Takeda Pharmaceutical Co., Ltd. | Takeda Pharmaceutical Co., Ltd. | Takeda Pharmaceutical Co., Ltd. |
| 07/05/2034 | &nbsp;&nbsp; 5.300% |  | 350000 | &nbsp;&nbsp; 364980 |
| 07/05/2064 | &nbsp;&nbsp; 5.800% |  | 750000 | &nbsp;&nbsp; 755364 |
| Viatris, Inc. | Viatris, Inc. | Viatris, Inc. | Viatris, Inc. | Viatris, Inc. |
| 06/22/2030 | &nbsp;&nbsp; 2.700% |  | 733000 | &nbsp;&nbsp; 676976 |
| 06/22/2040 | &nbsp;&nbsp; 3.850% |  | 3780000 | &nbsp;&nbsp; 2976916 |
| 06/22/2050 | &nbsp;&nbsp; 4.000% |  | 2568000 | &nbsp;&nbsp; 1757358 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **85957752** |
| **Property & Casualty 0.5%** | **Property & Casualty 0.5%** | **Property & Casualty 0.5%** | **Property & Casualty 0.5%** | **Property & Casualty 0.5%** |
| Acrisure LLC/Finance, Inc.<sup>(b)</sup>  | Acrisure LLC/Finance, Inc.<sup>(b)</sup>  | Acrisure LLC/Finance, Inc.<sup>(b)</sup>  | Acrisure LLC/Finance, Inc.<sup>(b)</sup>  | Acrisure LLC/Finance, Inc.<sup>(b)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 8.250% |  | 335000 | &nbsp;&nbsp; 335685 |
| 11/06/2030 | &nbsp;&nbsp; 7.500% |  | 860000 | &nbsp;&nbsp; 875322 |
| Alliant Holdings Intermediate LLC/Co-Issuer<sup>(b)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(b)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(b)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(b)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(b)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 7.000% |  | 73000 | &nbsp;&nbsp; 74166 |
| 10/01/2031 | &nbsp;&nbsp; 6.500% |  | 957000 | &nbsp;&nbsp; 963743 |
| 10/01/2032 | &nbsp;&nbsp; 7.375% |  | 139000 | &nbsp;&nbsp; 137881 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| American International Group, Inc. | American International Group, Inc. | American International Group, Inc. | American International Group, Inc. |
| 06/30/2030 | &nbsp;&nbsp; 3.400% | 872000 | &nbsp;&nbsp; 849375 |
| Aon Corp./Global Holdings PLC | Aon Corp./Global Holdings PLC | Aon Corp./Global Holdings PLC | Aon Corp./Global Holdings PLC |
| 12/02/2031 | &nbsp;&nbsp; 2.600% | 4495000 | &nbsp;&nbsp; 4096226 |
| Aon North America, Inc. | Aon North America, Inc. | Aon North America, Inc. | Aon North America, Inc. |
| 03/01/2027 | &nbsp;&nbsp; 5.125% | 437000 | &nbsp;&nbsp; 441458 |
| 03/01/2029 | &nbsp;&nbsp; 5.150% | 945000 | &nbsp;&nbsp; 974420 |
| 03/01/2054 | &nbsp;&nbsp; 5.750% | 1421000 | &nbsp;&nbsp; 1406563 |
| Arch Capital Finance LLC | Arch Capital Finance LLC | Arch Capital Finance LLC | Arch Capital Finance LLC |
| 12/15/2046 | &nbsp;&nbsp; 5.031% | 970000 | &nbsp;&nbsp; 917136 |
| Arthur J Gallagher & Co. | Arthur J Gallagher & Co. | Arthur J Gallagher & Co. | Arthur J Gallagher & Co. |
| 02/15/2055 | &nbsp;&nbsp; 5.550% | 1421000 | &nbsp;&nbsp; 1356913 |
| Assurant, Inc. | Assurant, Inc. | Assurant, Inc. | Assurant, Inc. |
| 02/15/2036 | &nbsp;&nbsp; 5.550% | 2307000 | &nbsp;&nbsp; 2344276 |
| Asurion LLC and Asurion Co-Issuer, Inc.<sup>(b)</sup>  | Asurion LLC and Asurion Co-Issuer, Inc.<sup>(b)</sup>  | Asurion LLC and Asurion Co-Issuer, Inc.<sup>(b)</sup>  | Asurion LLC and Asurion Co-Issuer, Inc.<sup>(b)</sup>  |
| 12/31/2032 | &nbsp;&nbsp; 8.000% | 865000 | &nbsp;&nbsp; 910030 |
| 02/01/2034 | &nbsp;&nbsp; 8.375% | 1245000 | &nbsp;&nbsp; 1237631 |
| Brown & Brown, Inc. | Brown & Brown, Inc. | Brown & Brown, Inc. | Brown & Brown, Inc. |
| 06/23/2030 | &nbsp;&nbsp; 4.900% | 1269000 | &nbsp;&nbsp; 1288913 |
| Chubb INA Holdings LLC | Chubb INA Holdings LLC | Chubb INA Holdings LLC | Chubb INA Holdings LLC |
| 08/15/2035 | &nbsp;&nbsp; 4.900% | 1658000 | &nbsp;&nbsp; 1683546 |
| CNA Financial Corp. | CNA Financial Corp. | CNA Financial Corp. | CNA Financial Corp. |
| 08/15/2027 | &nbsp;&nbsp; 3.450% | 3828000 | &nbsp;&nbsp; 3796815 |
| Enact Holdings, Inc. | Enact Holdings, Inc. | Enact Holdings, Inc. | Enact Holdings, Inc. |
| 05/28/2029 | &nbsp;&nbsp; 6.250% | 5510000 | &nbsp;&nbsp; 5782007 |
| Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. |
| 03/03/2031 | &nbsp;&nbsp; 3.375% | 6300000 | &nbsp;&nbsp; 6004672 |
| Farmers Exchange Capital<sup>(b)</sup>  | Farmers Exchange Capital<sup>(b)</sup>  | Farmers Exchange Capital<sup>(b)</sup>  | Farmers Exchange Capital<sup>(b)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 07/15/2028 | &nbsp;&nbsp; 7.050% | 800000 | &nbsp;&nbsp; 837400 |
| 07/15/2048 | &nbsp;&nbsp; 7.200% | 1290000 | &nbsp;&nbsp; 1359387 |
| Farmers Exchange Capital II<sup>(b),(n)</sup>  | Farmers Exchange Capital II<sup>(b),(n)</sup>  | Farmers Exchange Capital II<sup>(b),(n)</sup>  | Farmers Exchange Capital II<sup>(b),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 11/01/2053 | &nbsp;&nbsp; 6.151% | 2700000 | &nbsp;&nbsp; 2673650 |
| Farmers Insurance Exchange<sup>(b),(n)</sup>  | Farmers Insurance Exchange<sup>(b),(n)</sup>  | Farmers Insurance Exchange<sup>(b),(n)</sup>  | Farmers Insurance Exchange<sup>(b),(n)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 10/15/2064 | &nbsp;&nbsp; 7.000% | 405000 | &nbsp;&nbsp; 416701 |
| Hartford Financial Services Group Inc. (The)<sup>(b),(c)</sup>  | Hartford Financial Services Group Inc. (The)<sup>(b),(c)</sup>  | Hartford Financial Services Group Inc. (The)<sup>(b),(c)</sup>  | Hartford Financial Services Group Inc. (The)<sup>(b),(c)</sup>  |
| 3-month Term SOFR + 2.387% <br>02/12/2047<br>| &nbsp;&nbsp; 6.039% | 1183000 | &nbsp;&nbsp; 1132654 |
| Liberty Mutual Group, Inc.<sup>(b)</sup>  | Liberty Mutual Group, Inc.<sup>(b)</sup>  | Liberty Mutual Group, Inc.<sup>(b)</sup>  | Liberty Mutual Group, Inc.<sup>(b)</sup>  |
| 10/15/2050 | &nbsp;&nbsp; 3.951% | 2080000 | &nbsp;&nbsp; 1564776 |
| Markel Corp. | Markel Corp. | Markel Corp. | Markel Corp. |
| 05/20/2049 | &nbsp;&nbsp; 5.000% | 5095000 | &nbsp;&nbsp; 4587002 |
| Marsh & McLennan Cos., Inc. | Marsh & McLennan Cos., Inc. | Marsh & McLennan Cos., Inc. | Marsh & McLennan Cos., Inc. |
| 03/15/2036 | &nbsp;&nbsp; 4.950% | 3850000 | &nbsp;&nbsp; 3882855 |
| Panther Escrow Issuer LLC<sup>(b)</sup>  | Panther Escrow Issuer LLC<sup>(b)</sup>  | Panther Escrow Issuer LLC<sup>(b)</sup>  | Panther Escrow Issuer LLC<sup>(b)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.125% | 865000 | &nbsp;&nbsp; 879839 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| RLI Corp.<sup>(d)</sup>  | RLI Corp.<sup>(d)</sup>  | RLI Corp.<sup>(d)</sup>  | RLI Corp.<sup>(d)</sup>  | RLI Corp.<sup>(d)</sup>  |
| 06/01/2036 | &nbsp;&nbsp; 5.375% |  | 820000 | &nbsp;&nbsp; 818432 |
| SiriusPoint Ltd. | SiriusPoint Ltd. | SiriusPoint Ltd. | SiriusPoint Ltd. | SiriusPoint Ltd. |
| 04/05/2029 | &nbsp;&nbsp; 7.000% |  | 2776000 | &nbsp;&nbsp; 2924867 |
| Trustage Financial Group, Inc.<sup>(b)</sup>  | Trustage Financial Group, Inc.<sup>(b)</sup>  | Trustage Financial Group, Inc.<sup>(b)</sup>  | Trustage Financial Group, Inc.<sup>(b)</sup>  | Trustage Financial Group, Inc.<sup>(b)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 4.625% |  | 2135000 | &nbsp;&nbsp; 2096314 |
| WR Berkley Corp. | WR Berkley Corp. | WR Berkley Corp. | WR Berkley Corp. | WR Berkley Corp. |
| 05/12/2050 | &nbsp;&nbsp; 4.000% |  | 1480000 | &nbsp;&nbsp; 1173629 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **59824284** |
| **Railroads 0.1%** | **Railroads 0.1%** | **Railroads 0.1%** | **Railroads 0.1%** | **Railroads 0.1%** |
| Burlington Northern Santa Fe LLC | Burlington Northern Santa Fe LLC | Burlington Northern Santa Fe LLC | Burlington Northern Santa Fe LLC | Burlington Northern Santa Fe LLC |
| 03/15/2056 | &nbsp;&nbsp; 5.550% |  | 2055000 | &nbsp;&nbsp; 2062736 |
| Canadian National Railway Co. | Canadian National Railway Co. | Canadian National Railway Co. | Canadian National Railway Co. | Canadian National Railway Co. |
| 03/12/2031 | &nbsp;&nbsp; 4.200% |  | 2228000 | &nbsp;&nbsp; 2242486 |
| Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. |
| 11/15/2029 | &nbsp;&nbsp; 2.875% |  | 414000 | &nbsp;&nbsp; 399593 |
| 05/01/2050 | &nbsp;&nbsp; 3.500% |  | 3280000 | &nbsp;&nbsp; 2423468 |
| Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. |
| 08/01/2030 | &nbsp;&nbsp; 5.050% |  | 92000 | &nbsp;&nbsp; 95670 |
| 03/15/2034 | &nbsp;&nbsp; 5.550% |  | 320000 | &nbsp;&nbsp; 340140 |
| 03/15/2064 | &nbsp;&nbsp; 5.950% |  | 47000 | &nbsp;&nbsp; 48505 |
| Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. |
| 09/24/2029 | &nbsp;&nbsp; 3.700% | AUD | 970000 | &nbsp;&nbsp; 638387 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **8250985** |
| **Refining 0.0%** | **Refining 0.0%** | **Refining 0.0%** | **Refining 0.0%** | **Refining 0.0%** |
| Marathon Petroleum Corp. | Marathon Petroleum Corp. | Marathon Petroleum Corp. | Marathon Petroleum Corp. | Marathon Petroleum Corp. |
| 12/15/2026 | &nbsp;&nbsp; 5.125% |  | 449000 | &nbsp;&nbsp; 451563 |
| 03/01/2035 | &nbsp;&nbsp; 5.700% |  | 973000 | &nbsp;&nbsp; 1024694 |
| Phillips 66 Co. | Phillips 66 Co. | Phillips 66 Co. | Phillips 66 Co. | Phillips 66 Co. |
| 02/15/2045 | &nbsp;&nbsp; 4.680% |  | 1300000 | &nbsp;&nbsp; 1135058 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2611315** |
| **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** |
| 1011778 BC ULC/New Red Finance, Inc.<sup>(b)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(b)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(b)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(b)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(b)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 4.000% |  | 775000 | &nbsp;&nbsp; 745048 |
| BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(b)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(b)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(b)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(b)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(b)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.500% |  | 525000 | &nbsp;&nbsp; 483747 |
| Fertitta Entertainment LLC/Finance Co., Inc.<sup>(b)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(b)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(b)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(b)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(b)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 4.625% |  | 875000 | &nbsp;&nbsp; 849082 |
| Papa John's International, Inc.<sup>(b)</sup>  | Papa John's International, Inc.<sup>(b)</sup>  | Papa John's International, Inc.<sup>(b)</sup>  | Papa John's International, Inc.<sup>(b)</sup>  | Papa John's International, Inc.<sup>(b)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 3.875% |  | 775000 | &nbsp;&nbsp; 734855 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2812732** |
| **Retail REIT 0.1%** | **Retail REIT 0.1%** | **Retail REIT 0.1%** | **Retail REIT 0.1%** | **Retail REIT 0.1%** |
| Essential Properties LP | Essential Properties LP | Essential Properties LP | Essential Properties LP | Essential Properties LP |
| 12/01/2035 | &nbsp;&nbsp; 5.400% |  | 1740000 | &nbsp;&nbsp; 1770436 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Kimco Realty Corp. | Kimco Realty Corp. | Kimco Realty Corp. | Kimco Realty Corp. | Kimco Realty Corp. |
| 02/01/2033 | &nbsp;&nbsp; 4.600% |  | 3780000 | &nbsp;&nbsp; 3814349 |
| Kite Realty Group LP | Kite Realty Group LP | Kite Realty Group LP | Kite Realty Group LP | Kite Realty Group LP |
| 10/01/2026 | &nbsp;&nbsp; 4.000% |  | 248000 | &nbsp;&nbsp; 247756 |
| NNN REIT, Inc. | NNN REIT, Inc. | NNN REIT, Inc. | NNN REIT, Inc. | NNN REIT, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 4.600% |  | 1166000 | &nbsp;&nbsp; 1181273 |
| Realty Income Corp. | Realty Income Corp. | Realty Income Corp. | Realty Income Corp. | Realty Income Corp. |
| 08/15/2027 | &nbsp;&nbsp; 3.950% |  | 150000 | &nbsp;&nbsp; 150232 |
| 07/06/2030 | &nbsp;&nbsp; 4.875% | EUR | 1200000 | &nbsp;&nbsp; 1521313 |
| Regency Centers LP | Regency Centers LP | Regency Centers LP | Regency Centers LP | Regency Centers LP |
| 03/15/2033 | &nbsp;&nbsp; 4.500% |  | 985000 | &nbsp;&nbsp; 984824 |
| Simon Property Group LP | Simon Property Group LP | Simon Property Group LP | Simon Property Group LP | Simon Property Group LP |
| 01/15/2031 | &nbsp;&nbsp; 4.300% |  | 7877000 | &nbsp;&nbsp; 7922933 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **17593116** |
| **Retailers 0.5%** | **Retailers 0.5%** | **Retailers 0.5%** | **Retailers 0.5%** | **Retailers 0.5%** |
| Advance Auto Parts, Inc.<sup>(b)</sup>  | Advance Auto Parts, Inc.<sup>(b)</sup>  | Advance Auto Parts, Inc.<sup>(b)</sup>  | Advance Auto Parts, Inc.<sup>(b)</sup>  | Advance Auto Parts, Inc.<sup>(b)</sup>  |
| 08/01/2033 | &nbsp;&nbsp; 7.375% |  | 1060000 | &nbsp;&nbsp; 1086173 |
| Alimentation Couche-Tard, Inc.<sup>(b)</sup>  | Alimentation Couche-Tard, Inc.<sup>(b)</sup>  | Alimentation Couche-Tard, Inc.<sup>(b)</sup>  | Alimentation Couche-Tard, Inc.<sup>(b)</sup>  | Alimentation Couche-Tard, Inc.<sup>(b)</sup>  |
| 09/29/2028 | &nbsp;&nbsp; 4.148% |  | 6235000 | &nbsp;&nbsp; 6267380 |
| Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. |
| 05/12/2031 | &nbsp;&nbsp; 2.100% |  | 518000 | &nbsp;&nbsp; 471693 |
| 03/20/2033 | &nbsp;&nbsp; 4.350% |  | 1032000 | &nbsp;&nbsp; 1040091 |
| 11/20/2035 | &nbsp;&nbsp; 4.650% |  | 9629000 | &nbsp;&nbsp; 9674036 |
| 11/20/2055 | &nbsp;&nbsp; 5.450% |  | 2208000 | &nbsp;&nbsp; 2172131 |
| 11/20/2065 | &nbsp;&nbsp; 5.550% |  | 1988000 | &nbsp;&nbsp; 1944439 |
| AutoNation, Inc. | AutoNation, Inc. | AutoNation, Inc. | AutoNation, Inc. | AutoNation, Inc. |
| 01/15/2029 | &nbsp;&nbsp; 4.450% |  | 3889000 | &nbsp;&nbsp; 3916687 |
| 06/01/2030 | &nbsp;&nbsp; 4.750% |  | 5390000 | &nbsp;&nbsp; 5467780 |
| AutoZone, Inc. | AutoZone, Inc. | AutoZone, Inc. | AutoZone, Inc. | AutoZone, Inc. |
| 04/21/2026 | &nbsp;&nbsp; 3.125% |  | 415000 | &nbsp;&nbsp; 414356 |
| 11/01/2028 | &nbsp;&nbsp; 6.250% |  | 414000 | &nbsp;&nbsp; 437244 |
| 01/15/2031 | &nbsp;&nbsp; 1.650% |  | 1175000 | &nbsp;&nbsp; 1041066 |
| Carvana Co.<sup>(b),(o)</sup>  | Carvana Co.<sup>(b),(o)</sup>  | Carvana Co.<sup>(b),(o)</sup>  | Carvana Co.<sup>(b),(o)</sup>  | Carvana Co.<sup>(b),(o)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.000% |  | 4225000 | &nbsp;&nbsp; 4400018 |
| 06/01/2031 | &nbsp;&nbsp; 9.000% |  | 2002502 | &nbsp;&nbsp; 2194984 |
| Gap Inc. (The)<sup>(b)</sup>  | Gap Inc. (The)<sup>(b)</sup>  | Gap Inc. (The)<sup>(b)</sup>  | Gap Inc. (The)<sup>(b)</sup>  | Gap Inc. (The)<sup>(b)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 3.625% |  | 1550000 | &nbsp;&nbsp; 1473624 |
| Genuine Parts Co. | Genuine Parts Co. | Genuine Parts Co. | Genuine Parts Co. | Genuine Parts Co. |
| 08/15/2029 | &nbsp;&nbsp; 4.950% |  | 3940000 | &nbsp;&nbsp; 3990877 |
| L Brands, Inc. | L Brands, Inc. | L Brands, Inc. | L Brands, Inc. | L Brands, Inc. |
| 07/01/2036 | &nbsp;&nbsp; 6.750% |  | 1380000 | &nbsp;&nbsp; 1383036 |
| Lithia Motors, Inc.<sup>(b)</sup>  | Lithia Motors, Inc.<sup>(b)</sup>  | Lithia Motors, Inc.<sup>(b)</sup>  | Lithia Motors, Inc.<sup>(b)</sup>  | Lithia Motors, Inc.<sup>(b)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 3.875% |  | 2000000 | &nbsp;&nbsp; 1933090 |
| Lowe's Companies, Inc. | Lowe's Companies, Inc. | Lowe's Companies, Inc. | Lowe's Companies, Inc. | Lowe's Companies, Inc. |
| 04/01/2062 | &nbsp;&nbsp; 4.450% |  | 47000 | &nbsp;&nbsp; 37243 |
| 04/01/2063 | &nbsp;&nbsp; 5.850% |  | 72000 | &nbsp;&nbsp; 71766 |
| Lowe's Cos, Inc. | Lowe's Cos, Inc. | Lowe's Cos, Inc. | Lowe's Cos, Inc. | Lowe's Cos, Inc. |
| 10/15/2032 | &nbsp;&nbsp; 4.500% |  | 1811000 | &nbsp;&nbsp; 1819521 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Macy's Retail Holdings LLC | Macy's Retail Holdings LLC | Macy's Retail Holdings LLC | Macy's Retail Holdings LLC |
| 12/15/2034 | &nbsp;&nbsp; 4.500% | 1415000 | &nbsp;&nbsp; 1277352 |
| Magic MergeCo, Inc.<sup>(b)</sup>  | Magic MergeCo, Inc.<sup>(b)</sup>  | Magic MergeCo, Inc.<sup>(b)</sup>  | Magic MergeCo, Inc.<sup>(b)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 5.250% | 1435000 | &nbsp;&nbsp; 1435000 |
| 05/01/2029 | &nbsp;&nbsp; 7.875% | 415000 | &nbsp;&nbsp; 416712 |
| Michaels Cos., Inc. (The)<sup>(b),(d)</sup>  | Michaels Cos., Inc. (The)<sup>(b),(d)</sup>  | Michaels Cos., Inc. (The)<sup>(b),(d)</sup>  | Michaels Cos., Inc. (The)<sup>(b),(d)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 8.500% | 824000 | &nbsp;&nbsp; 801487 |
| 03/15/2034 | &nbsp;&nbsp; 11.000% | 220000 | &nbsp;&nbsp; 206247 |
| PVH Corp. | PVH Corp. | PVH Corp. | PVH Corp. |
| 06/13/2030 | &nbsp;&nbsp; 5.500% | 4028000 | &nbsp;&nbsp; 4134628 |
| Sally Holdings LLC/Capital, Inc. | Sally Holdings LLC/Capital, Inc. | Sally Holdings LLC/Capital, Inc. | Sally Holdings LLC/Capital, Inc. |
| 03/01/2032 | &nbsp;&nbsp; 6.750% | 1020000 | &nbsp;&nbsp; 1058906 |
| Tractor Supply Co. | Tractor Supply Co. | Tractor Supply Co. | Tractor Supply Co. |
| 11/01/2030 | &nbsp;&nbsp; 1.750% | 3885000 | &nbsp;&nbsp; 3478591 |
| Victoria's Secret & Co.<sup>(b)</sup>  | Victoria's Secret & Co.<sup>(b)</sup>  | Victoria's Secret & Co.<sup>(b)</sup>  | Victoria's Secret & Co.<sup>(b)</sup>  |
| 07/15/2029 | &nbsp;&nbsp; 4.625% | 755000 | &nbsp;&nbsp; 736332 |
| Wand NewCo 3, Inc.<sup>(b)</sup>  | Wand NewCo 3, Inc.<sup>(b)</sup>  | Wand NewCo 3, Inc.<sup>(b)</sup>  | Wand NewCo 3, Inc.<sup>(b)</sup>  |
| 01/30/2032 | &nbsp;&nbsp; 7.625% | 655000 | &nbsp;&nbsp; 682889 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **65465379** |
| **Sovereign 0.0%** | **Sovereign 0.0%** | **Sovereign 0.0%** | **Sovereign 0.0%** |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 07/02/2032 | &nbsp;&nbsp; 5.850% | 1201000 | &nbsp;&nbsp; 1246281 |
| **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** |
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(b)</sup>  | Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(b)</sup>  | Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(b)</sup>  | Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(b)</sup>  |
| 03/31/2034 | &nbsp;&nbsp; 5.750% | 1050000 | &nbsp;&nbsp; 1045016 |
| Kroger Co. (The) | Kroger Co. (The) | Kroger Co. (The) | Kroger Co. (The) |
| 09/15/2054 | &nbsp;&nbsp; 5.500% | 800000 | &nbsp;&nbsp; 771918 |
| 09/15/2064 | &nbsp;&nbsp; 5.650% | 1051000 | &nbsp;&nbsp; 1016316 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2833250** |
| **Supranational 0.0%** | **Supranational 0.0%** | **Supranational 0.0%** | **Supranational 0.0%** |
| Corp Andina de Fomento | Corp Andina de Fomento | Corp Andina de Fomento | Corp Andina de Fomento |
| 01/24/2029 | &nbsp;&nbsp; 5.000% | 495000 | &nbsp;&nbsp; 512582 |
| Inter-American Development Bank | Inter-American Development Bank | Inter-American Development Bank | Inter-American Development Bank |
| 07/15/2027 | &nbsp;&nbsp; 6.750% | 4000000 | &nbsp;&nbsp; 4150829 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4663411** |
| **Technology 2.0%** | **Technology 2.0%** | **Technology 2.0%** | **Technology 2.0%** |
| Accenture Capital, Inc. | Accenture Capital, Inc. | Accenture Capital, Inc. | Accenture Capital, Inc. |
| 10/04/2031 | &nbsp;&nbsp; 4.250% | 1891000 | &nbsp;&nbsp; 1897307 |
| Adobe, Inc. | Adobe, Inc. | Adobe, Inc. | Adobe, Inc. |
| 01/17/2030 | &nbsp;&nbsp; 4.950% | 1569000 | &nbsp;&nbsp; 1622151 |
| Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 4.100% | 4553000 | &nbsp;&nbsp; 4584267 |
| 02/15/2033 | &nbsp;&nbsp; 4.400% | 2735000 | &nbsp;&nbsp; 2758527 |
| 05/15/2035 | &nbsp;&nbsp; 4.500% | 1357000 | &nbsp;&nbsp; 1365496 |
| 11/15/2035 | &nbsp;&nbsp; 4.700% | 3981000 | &nbsp;&nbsp; 4030016 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 11/06/2038 | &nbsp;&nbsp; 3.500% | EUR | 130000 | &nbsp;&nbsp; 150558 |
| 11/15/2055 | &nbsp;&nbsp; 5.450% |  | 1451000 | &nbsp;&nbsp; 1441609 |
| 02/15/2056 | &nbsp;&nbsp; 5.650% |  | 5290000 | &nbsp;&nbsp; 5409710 |
| 05/15/2065 | &nbsp;&nbsp; 5.300% |  | 452000 | &nbsp;&nbsp; 428198 |
| 02/15/2066 | &nbsp;&nbsp; 5.750% |  | 1276000 | &nbsp;&nbsp; 1299249 |
| 11/15/2075 | &nbsp;&nbsp; 5.700% |  | 919000 | &nbsp;&nbsp; 918430 |
| Amentum Escrow Corp.<sup>(b)</sup>  | Amentum Escrow Corp.<sup>(b)</sup>  | Amentum Escrow Corp.<sup>(b)</sup>  | Amentum Escrow Corp.<sup>(b)</sup>  | Amentum Escrow Corp.<sup>(b)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.250% |  | 790000 | &nbsp;&nbsp; 827585 |
| Analog Devices, Inc. | Analog Devices, Inc. | Analog Devices, Inc. | Analog Devices, Inc. | Analog Devices, Inc. |
| 06/15/2028 | &nbsp;&nbsp; 4.250% |  | 5315000 | &nbsp;&nbsp; 5373239 |
| Arrow Electronics, Inc. | Arrow Electronics, Inc. | Arrow Electronics, Inc. | Arrow Electronics, Inc. | Arrow Electronics, Inc. |
| 08/21/2029 | &nbsp;&nbsp; 5.150% |  | 5467000 | &nbsp;&nbsp; 5604616 |
| Automatic Data Processing, Inc. | Automatic Data Processing, Inc. | Automatic Data Processing, Inc. | Automatic Data Processing, Inc. | Automatic Data Processing, Inc. |
| 05/08/2032 | &nbsp;&nbsp; 4.750% |  | 1295000 | &nbsp;&nbsp; 1336178 |
| Black Pearl Compute LLC<sup>(b)</sup>  | Black Pearl Compute LLC<sup>(b)</sup>  | Black Pearl Compute LLC<sup>(b)</sup>  | Black Pearl Compute LLC<sup>(b)</sup>  | Black Pearl Compute LLC<sup>(b)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 6.125% |  | 770000 | &nbsp;&nbsp; 788455 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| 04/15/2030 | &nbsp;&nbsp; 5.050% |  | 806000 | &nbsp;&nbsp; 835430 |
| 02/15/2031 | &nbsp;&nbsp; 2.450% |  | 1683000 | &nbsp;&nbsp; 1555508 |
| 11/15/2031 | &nbsp;&nbsp; 5.150% |  | 717000 | &nbsp;&nbsp; 750640 |
| 04/15/2032 | &nbsp;&nbsp; 5.200% |  | 387000 | &nbsp;&nbsp; 404336 |
| 07/15/2032 | &nbsp;&nbsp; 4.900% |  | 10399000 | &nbsp;&nbsp; 10707027 |
| 04/15/2034 | &nbsp;&nbsp; 3.469% |  | 1860000 | &nbsp;&nbsp; 1718583 |
| 10/15/2034 | &nbsp;&nbsp; 4.800% |  | 1057000 | &nbsp;&nbsp; 1067716 |
| Broadcom, Inc.<sup>(b)</sup>  | Broadcom, Inc.<sup>(b)</sup>  | Broadcom, Inc.<sup>(b)</sup>  | Broadcom, Inc.<sup>(b)</sup>  | Broadcom, Inc.<sup>(b)</sup>  |
| 11/15/2035 | &nbsp;&nbsp; 3.137% |  | 2701000 | &nbsp;&nbsp; 2359508 |
| 11/15/2036 | &nbsp;&nbsp; 3.187% |  | 1692000 | &nbsp;&nbsp; 1459007 |
| 05/15/2037 | &nbsp;&nbsp; 4.926% |  | 2346000 | &nbsp;&nbsp; 2345139 |
| CACI International, Inc.<sup>(b),(d)</sup>  | CACI International, Inc.<sup>(b),(d)</sup>  | CACI International, Inc.<sup>(b),(d)</sup>  | CACI International, Inc.<sup>(b),(d)</sup>  | CACI International, Inc.<sup>(b),(d)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 6.375% |  | 725000 | &nbsp;&nbsp; 746980 |
| Cadence Design Systems, Inc. | Cadence Design Systems, Inc. | Cadence Design Systems, Inc. | Cadence Design Systems, Inc. | Cadence Design Systems, Inc. |
| 09/10/2029 | &nbsp;&nbsp; 4.300% |  | 1031000 | &nbsp;&nbsp; 1042165 |
| CDW LLC/Finance Corp. | CDW LLC/Finance Corp. | CDW LLC/Finance Corp. | CDW LLC/Finance Corp. | CDW LLC/Finance Corp. |
| 03/01/2030 | &nbsp;&nbsp; 5.100% |  | 664000 | &nbsp;&nbsp; 674922 |
| CGI, Inc. | CGI, Inc. | CGI, Inc. | CGI, Inc. | CGI, Inc. |
| 03/14/2030 | &nbsp;&nbsp; 4.950% |  | 5975000 | &nbsp;&nbsp; 6065739 |
| Cisco Systems, Inc. | Cisco Systems, Inc. | Cisco Systems, Inc. | Cisco Systems, Inc. | Cisco Systems, Inc. |
| 02/26/2031 | &nbsp;&nbsp; 4.950% |  | 1007000 | &nbsp;&nbsp; 1047901 |
| 02/24/2032 | &nbsp;&nbsp; 4.950% |  | 1603000 | &nbsp;&nbsp; 1669828 |
| Cloud Software Group, Inc.<sup>(b)</sup>  | Cloud Software Group, Inc.<sup>(b)</sup>  | Cloud Software Group, Inc.<sup>(b)</sup>  | Cloud Software Group, Inc.<sup>(b)</sup>  | Cloud Software Group, Inc.<sup>(b)</sup>  |
| 06/30/2032 | &nbsp;&nbsp; 8.250% |  | 2017000 | &nbsp;&nbsp; 2018768 |
| Condor Merger Sub, Inc.<sup>(b)</sup>  | Condor Merger Sub, Inc.<sup>(b)</sup>  | Condor Merger Sub, Inc.<sup>(b)</sup>  | Condor Merger Sub, Inc.<sup>(b)</sup>  | Condor Merger Sub, Inc.<sup>(b)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.375% |  | 1475000 | &nbsp;&nbsp; 1206723 |
| Constellation Software, Inc.<sup>(b)</sup>  | Constellation Software, Inc.<sup>(b)</sup>  | Constellation Software, Inc.<sup>(b)</sup>  | Constellation Software, Inc.<sup>(b)</sup>  | Constellation Software, Inc.<sup>(b)</sup>  |
| 02/16/2029 | &nbsp;&nbsp; 5.158% |  | 902000 | &nbsp;&nbsp; 916178 |
| CoreWeave, Inc.<sup>(b)</sup>  | CoreWeave, Inc.<sup>(b)</sup>  | CoreWeave, Inc.<sup>(b)</sup>  | CoreWeave, Inc.<sup>(b)</sup>  | CoreWeave, Inc.<sup>(b)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.250% |  | 1925000 | &nbsp;&nbsp; 1885209 |
| 02/01/2031 | &nbsp;&nbsp; 9.000% |  | 1250000 | &nbsp;&nbsp; 1208834 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. |
| 10/06/2032 | &nbsp;&nbsp; 4.750% |  | 2438000 | &nbsp;&nbsp; 2457069 |
| DXC Technology Co. | DXC Technology Co. | DXC Technology Co. | DXC Technology Co. | DXC Technology Co. |
| 09/15/2028 | &nbsp;&nbsp; 2.375% |  | 4507000 | &nbsp;&nbsp; 4250537 |
| Equifax, Inc. | Equifax, Inc. | Equifax, Inc. | Equifax, Inc. | Equifax, Inc. |
| 06/01/2028 | &nbsp;&nbsp; 5.100% |  | 5695000 | &nbsp;&nbsp; 5813606 |
| 05/15/2030 | &nbsp;&nbsp; 3.100% |  | 2098000 | &nbsp;&nbsp; 2000829 |
| Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC |
| 11/15/2030 | &nbsp;&nbsp; 4.600% |  | 4794000 | &nbsp;&nbsp; 4846556 |
| 11/22/2034 | &nbsp;&nbsp; 3.625% | EUR | 2185000 | &nbsp;&nbsp; 2543306 |
| Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. |
| 03/15/2027 | &nbsp;&nbsp; 5.150% |  | 1063000 | &nbsp;&nbsp; 1073238 |
| 08/21/2033 | &nbsp;&nbsp; 5.625% |  | 1685000 | &nbsp;&nbsp; 1744386 |
| 03/15/2034 | &nbsp;&nbsp; 5.450% |  | 2145000 | &nbsp;&nbsp; 2186519 |
| 08/12/2034 | &nbsp;&nbsp; 5.150% |  | 414000 | &nbsp;&nbsp; 412301 |
| 08/11/2035 | &nbsp;&nbsp; 5.250% |  | 4505000 | &nbsp;&nbsp; 4505351 |
| Flex Ltd. | Flex Ltd. | Flex Ltd. | Flex Ltd. | Flex Ltd. |
| 01/15/2028 | &nbsp;&nbsp; 6.000% |  | 2560000 | &nbsp;&nbsp; 2644546 |
| 01/15/2032 | &nbsp;&nbsp; 5.250% |  | 1412000 | &nbsp;&nbsp; 1448843 |
| Fortress Intermediate 3, Inc.<sup>(b)</sup>  | Fortress Intermediate 3, Inc.<sup>(b)</sup>  | Fortress Intermediate 3, Inc.<sup>(b)</sup>  | Fortress Intermediate 3, Inc.<sup>(b)</sup>  | Fortress Intermediate 3, Inc.<sup>(b)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.500% |  | 635000 | &nbsp;&nbsp; 620927 |
| Foundry JV Holdco LLC<sup>(b)</sup>  | Foundry JV Holdco LLC<sup>(b)</sup>  | Foundry JV Holdco LLC<sup>(b)</sup>  | Foundry JV Holdco LLC<sup>(b)</sup>  | Foundry JV Holdco LLC<sup>(b)</sup>  |
| 01/25/2030 | &nbsp;&nbsp; 5.900% |  | 533000 | &nbsp;&nbsp; 562393 |
| 01/25/2031 | &nbsp;&nbsp; 5.500% |  | 685000 | &nbsp;&nbsp; 714797 |
| 01/25/2034 | &nbsp;&nbsp; 5.875% |  | 418000 | &nbsp;&nbsp; 436164 |
| 01/25/2037 | &nbsp;&nbsp; 6.200% |  | 1866000 | &nbsp;&nbsp; 1994199 |
| Gartner, Inc. | Gartner, Inc. | Gartner, Inc. | Gartner, Inc. | Gartner, Inc. |
| 11/20/2035 | &nbsp;&nbsp; 5.600% |  | 6543000 | &nbsp;&nbsp; 6267140 |
| Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. |
| 03/01/2026 | &nbsp;&nbsp; 1.200% |  | 1250000 | &nbsp;&nbsp; 1249803 |
| 11/15/2028 | &nbsp;&nbsp; 4.500% |  | 4805000 | &nbsp;&nbsp; 4821601 |
| 11/15/2030 | &nbsp;&nbsp; 4.875% |  | 6564000 | &nbsp;&nbsp; 6555417 |
| Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. |
| 10/15/2030 | &nbsp;&nbsp; 4.400% |  | 2680000 | &nbsp;&nbsp; 2683521 |
| 10/15/2031 | &nbsp;&nbsp; 4.850% |  | 1456000 | &nbsp;&nbsp; 1476816 |
| 10/15/2054 | &nbsp;&nbsp; 5.600% |  | 959000 | &nbsp;&nbsp; 882444 |
| HP, Inc. | HP, Inc. | HP, Inc. | HP, Inc. | HP, Inc. |
| 06/17/2031 | &nbsp;&nbsp; 2.650% |  | 564000 | &nbsp;&nbsp; 510849 |
| IBM International Capital Pte., Ltd. | IBM International Capital Pte., Ltd. | IBM International Capital Pte., Ltd. | IBM International Capital Pte., Ltd. | IBM International Capital Pte., Ltd. |
| 02/05/2031 | &nbsp;&nbsp; 4.750% |  | 1123000 | &nbsp;&nbsp; 1143982 |
| Imola Merger Corp.<sup>(b)</sup>  | Imola Merger Corp.<sup>(b)</sup>  | Imola Merger Corp.<sup>(b)</sup>  | Imola Merger Corp.<sup>(b)</sup>  | Imola Merger Corp.<sup>(b)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 4.750% |  | 980000 | &nbsp;&nbsp; 963780 |
| Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
| 11/15/2029 | &nbsp;&nbsp; 2.450% |  | 1191000 | &nbsp;&nbsp; 1122762 |
| 08/12/2041 | &nbsp;&nbsp; 2.800% |  | 480000 | &nbsp;&nbsp; 341732 |
| 12/08/2047 | &nbsp;&nbsp; 3.734% |  | 3425000 | &nbsp;&nbsp; 2475364 |
| 11/15/2049 | &nbsp;&nbsp; 3.250% |  | 320000 | &nbsp;&nbsp; 209298 |
| 02/10/2053 | &nbsp;&nbsp; 5.700% |  | 617000 | &nbsp;&nbsp; 585313 |
| 02/21/2054 | &nbsp;&nbsp; 5.600% |  | 76000 | &nbsp;&nbsp; 71599 |
| 08/12/2061 | &nbsp;&nbsp; 3.200% |  | 196000 | &nbsp;&nbsp; 113495 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. |
| 02/10/2030 | &nbsp;&nbsp; 4.800% | 1883000 | &nbsp;&nbsp; 1928917 |
| 02/10/2032 | &nbsp;&nbsp; 5.000% | 1036000 | &nbsp;&nbsp; 1066546 |
| 02/10/2035 | &nbsp;&nbsp; 5.200% | 939000 | &nbsp;&nbsp; 969200 |
| 02/03/2036 | &nbsp;&nbsp; 4.950% | 2203000 | &nbsp;&nbsp; 2198396 |
| 07/27/2052 | &nbsp;&nbsp; 4.900% | 1026000 | &nbsp;&nbsp; 905286 |
| 02/03/2056 | &nbsp;&nbsp; 5.800% | 3037000 | &nbsp;&nbsp; 3040567 |
| Intuit, Inc. | Intuit, Inc. | Intuit, Inc. | Intuit, Inc. |
| 09/15/2033 | &nbsp;&nbsp; 5.200% | 985000 | &nbsp;&nbsp; 1019138 |
| 09/15/2053 | &nbsp;&nbsp; 5.500% | 3900000 | &nbsp;&nbsp; 3690046 |
| ION Platform Finance US Inc./SARL<sup>(b)</sup>  | ION Platform Finance US Inc./SARL<sup>(b)</sup>  | ION Platform Finance US Inc./SARL<sup>(b)</sup>  | ION Platform Finance US Inc./SARL<sup>(b)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 8.750% | 546000 | &nbsp;&nbsp; 507615 |
| Iron Mountain, Inc.<sup>(b)</sup>  | Iron Mountain, Inc.<sup>(b)</sup>  | Iron Mountain, Inc.<sup>(b)</sup>  | Iron Mountain, Inc.<sup>(b)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 6.250% | 710000 | &nbsp;&nbsp; 724901 |
| Jabil, Inc. | Jabil, Inc. | Jabil, Inc. | Jabil, Inc. |
| 02/01/2029 | &nbsp;&nbsp; 4.200% | 2082000 | &nbsp;&nbsp; 2084995 |
| Kyndryl Holdings, Inc. | Kyndryl Holdings, Inc. | Kyndryl Holdings, Inc. | Kyndryl Holdings, Inc. |
| 10/15/2028 | &nbsp;&nbsp; 2.700% | 2492000 | &nbsp;&nbsp; 2294234 |
| Leidos, Inc. | Leidos, Inc. | Leidos, Inc. | Leidos, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 2.300% | 845000 | &nbsp;&nbsp; 767252 |
| Marvell Technology, Inc. | Marvell Technology, Inc. | Marvell Technology, Inc. | Marvell Technology, Inc. |
| 02/15/2029 | &nbsp;&nbsp; 5.750% | 560000 | &nbsp;&nbsp; 584840 |
| 11/01/2035 | &nbsp;&nbsp; 6.050% | 3063000 | &nbsp;&nbsp; 3329813 |
| Microchip Technology, Inc. | Microchip Technology, Inc. | Microchip Technology, Inc. | Microchip Technology, Inc. |
| 02/15/2030 | &nbsp;&nbsp; 5.050% | 3045000 | &nbsp;&nbsp; 3126595 |
| Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. |
| 01/15/2035 | &nbsp;&nbsp; 5.800% | 1019000 | &nbsp;&nbsp; 1091104 |
| Motorola Solutions, Inc. | Motorola Solutions, Inc. | Motorola Solutions, Inc. | Motorola Solutions, Inc. |
| 04/15/2029 | &nbsp;&nbsp; 5.000% | 654000 | &nbsp;&nbsp; 672271 |
| 08/15/2035 | &nbsp;&nbsp; 5.550% | 839000 | &nbsp;&nbsp; 883024 |
| MSCI, Inc.<sup>(b)</sup>  | MSCI, Inc.<sup>(b)</sup>  | MSCI, Inc.<sup>(b)</sup>  | MSCI, Inc.<sup>(b)</sup>  |
| 09/01/2030 | &nbsp;&nbsp; 3.625% | 1518000 | &nbsp;&nbsp; 1450564 |
| MSCI, Inc. | MSCI, Inc. | MSCI, Inc. | MSCI, Inc. |
| 03/15/2036 | &nbsp;&nbsp; 5.150% | 1058000 | &nbsp;&nbsp; 1047706 |
| NCR Atleos Escrow Corp.<sup>(b)</sup>  | NCR Atleos Escrow Corp.<sup>(b)</sup>  | NCR Atleos Escrow Corp.<sup>(b)</sup>  | NCR Atleos Escrow Corp.<sup>(b)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 9.500% | 1994000 | &nbsp;&nbsp; 2139149 |
| NetApp, Inc. | NetApp, Inc. | NetApp, Inc. | NetApp, Inc. |
| 03/17/2032 | &nbsp;&nbsp; 5.500% | 779000 | &nbsp;&nbsp; 811905 |
| NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. |
| 08/19/2028 | &nbsp;&nbsp; 4.300% | 2800000 | &nbsp;&nbsp; 2817530 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. | NXP BV/NXP Funding LLC/NXP USA, Inc. | NXP BV/NXP Funding LLC/NXP USA, Inc. | NXP BV/NXP Funding LLC/NXP USA, Inc. |
| 06/18/2029 | &nbsp;&nbsp; 4.300% | 279000 | &nbsp;&nbsp; 280649 |
| Open Text Corp.<sup>(b)</sup>  | Open Text Corp.<sup>(b)</sup>  | Open Text Corp.<sup>(b)</sup>  | Open Text Corp.<sup>(b)</sup>  |
| 12/01/2027 | &nbsp;&nbsp; 6.900% | 650000 | &nbsp;&nbsp; 667863 |
| Open Text Holdings, Inc.<sup>(b)</sup>  | Open Text Holdings, Inc.<sup>(b)</sup>  | Open Text Holdings, Inc.<sup>(b)</sup>  | Open Text Holdings, Inc.<sup>(b)</sup>  |
| 12/01/2031 | &nbsp;&nbsp; 4.125% | 1390000 | &nbsp;&nbsp; 1210394 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| 11/15/2027 | &nbsp;&nbsp; 3.250% | 1876000 | &nbsp;&nbsp; 1842777 |
| 03/25/2028 | &nbsp;&nbsp; 2.300% | 703000 | &nbsp;&nbsp; 673928 |
| 04/01/2030 | &nbsp;&nbsp; 2.950% | 631000 | &nbsp;&nbsp; 587003 |
| 02/04/2031 | &nbsp;&nbsp; 4.950% | 1555000 | &nbsp;&nbsp; 1551739 |
| 09/26/2032 | &nbsp;&nbsp; 4.800% | 9000000 | &nbsp;&nbsp; 8797362 |
| 05/04/2033 | &nbsp;&nbsp; 5.350% | 2330000 | &nbsp;&nbsp; 2339246 |
| 09/26/2035 | &nbsp;&nbsp; 5.200% | 811000 | &nbsp;&nbsp; 783767 |
| 11/15/2037 | &nbsp;&nbsp; 3.800% | 2485000 | &nbsp;&nbsp; 2045914 |
| 09/26/2045 | &nbsp;&nbsp; 5.875% | 2715500 | &nbsp;&nbsp; 2455374 |
| 02/04/2046 | &nbsp;&nbsp; 6.550% | 728000 | &nbsp;&nbsp; 710305 |
| 04/01/2050 | &nbsp;&nbsp; 3.600% | 1385000 | &nbsp;&nbsp; 866040 |
| 09/27/2054 | &nbsp;&nbsp; 5.375% | 1658000 | &nbsp;&nbsp; 1337198 |
| 05/15/2055 | &nbsp;&nbsp; 4.375% | 13000 | &nbsp;&nbsp; 8994 |
| 08/03/2055 | &nbsp;&nbsp; 6.000% | 1294000 | &nbsp;&nbsp; 1138113 |
| 09/26/2055 | &nbsp;&nbsp; 5.950% | 10411000 | &nbsp;&nbsp; 9154733 |
| 02/04/2056 | &nbsp;&nbsp; 6.700% | 8260000 | &nbsp;&nbsp; 8005028 |
| 04/01/2060 | &nbsp;&nbsp; 3.850% | 156000 | &nbsp;&nbsp; 94877 |
| 09/27/2064 | &nbsp;&nbsp; 5.500% | 691000 | &nbsp;&nbsp; 547852 |
| 08/03/2065 | &nbsp;&nbsp; 6.125% | 531000 | &nbsp;&nbsp; 459353 |
| 09/26/2065 | &nbsp;&nbsp; 6.100% | 1186000 | &nbsp;&nbsp; 1027147 |
| 02/04/2066 | &nbsp;&nbsp; 6.850% | 728000 | &nbsp;&nbsp; 698134 |
| QUALCOMM, Inc. | QUALCOMM, Inc. | QUALCOMM, Inc. | QUALCOMM, Inc. |
| 05/20/2032 | &nbsp;&nbsp; 4.750% | 866000 | &nbsp;&nbsp; 889576 |
| Roper Technologies, Inc. | Roper Technologies, Inc. | Roper Technologies, Inc. | Roper Technologies, Inc. |
| 09/15/2028 | &nbsp;&nbsp; 4.250% | 1460000 | &nbsp;&nbsp; 1465704 |
| S&P Global, Inc. | S&P Global, Inc. | S&P Global, Inc. | S&P Global, Inc. |
| 03/01/2029 | &nbsp;&nbsp; 2.700% | 738000 | &nbsp;&nbsp; 713407 |
| 08/15/2030 | &nbsp;&nbsp; 1.250% | 388000 | &nbsp;&nbsp; 343881 |
| SV RNO Property Owner 1 LLC<sup>(b)</sup>  | SV RNO Property Owner 1 LLC<sup>(b)</sup>  | SV RNO Property Owner 1 LLC<sup>(b)</sup>  | SV RNO Property Owner 1 LLC<sup>(b)</sup>  |
| 03/01/2031 | &nbsp;&nbsp; 5.875% | 3940000 | &nbsp;&nbsp; 3957023 |
| Synopsys, Inc. | Synopsys, Inc. | Synopsys, Inc. | Synopsys, Inc. |
| 04/01/2032 | &nbsp;&nbsp; 5.000% | 802000 | &nbsp;&nbsp; 826835 |
| TD SYNNEX Corp. | TD SYNNEX Corp. | TD SYNNEX Corp. | TD SYNNEX Corp. |
| 01/17/2029 | &nbsp;&nbsp; 4.300% | 2850000 | &nbsp;&nbsp; 2850744 |
| Teledyne FLIR LLC | Teledyne FLIR LLC | Teledyne FLIR LLC | Teledyne FLIR LLC |
| 08/01/2030 | &nbsp;&nbsp; 2.500% | 2098000 | &nbsp;&nbsp; 1965681 |
| UKG, Inc.<sup>(b)</sup>  | UKG, Inc.<sup>(b)</sup>  | UKG, Inc.<sup>(b)</sup>  | UKG, Inc.<sup>(b)</sup>  |
| 02/01/2031 | &nbsp;&nbsp; 6.875% | 340000 | &nbsp;&nbsp; 329934 |
| Verisk Analytics, Inc. | Verisk Analytics, Inc. | Verisk Analytics, Inc. | Verisk Analytics, Inc. |
| 03/15/2031 | &nbsp;&nbsp; 4.450% | 2284000 | &nbsp;&nbsp; 2292654 |
| VMware, Inc. | VMware, Inc. | VMware, Inc. | VMware, Inc. |
| 08/15/2026 | &nbsp;&nbsp; 1.400% | 1122000 | &nbsp;&nbsp; 1108547 |
| Western Union Co. (The) | Western Union Co. (The) | Western Union Co. (The) | Western Union Co. (The) |
| 03/15/2026 | &nbsp;&nbsp; 1.350% | 140000 | &nbsp;&nbsp; 139821 |
| Western Union Co. (The)<sup>(d)</sup>  | Western Union Co. (The)<sup>(d)</sup>  | Western Union Co. (The)<sup>(d)</sup>  | Western Union Co. (The)<sup>(d)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.750% | 4025000 | &nbsp;&nbsp; 4033171 |
| WULF Compute LLC<sup>(b)</sup>  | WULF Compute LLC<sup>(b)</sup>  | WULF Compute LLC<sup>(b)</sup>  | WULF Compute LLC<sup>(b)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 7.750% | 775000 | &nbsp;&nbsp; 820571 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| X.AI LLC/Co. Issuer Corp. | X.AI LLC/Co. Issuer Corp. | X.AI LLC/Co. Issuer Corp. | X.AI LLC/Co. Issuer Corp. | X.AI LLC/Co. Issuer Corp. |
| 06/30/2030 | &nbsp;&nbsp; 12.500% |  | 2600000 | &nbsp;&nbsp; 2961229 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **264386377** |
| **Tobacco 0.4%** | **Tobacco 0.4%** | **Tobacco 0.4%** | **Tobacco 0.4%** | **Tobacco 0.4%** |
| Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. |
| 11/01/2028 | &nbsp;&nbsp; 6.200% |  | 869000 | &nbsp;&nbsp; 916927 |
| 05/06/2030 | &nbsp;&nbsp; 3.400% |  | 1280000 | &nbsp;&nbsp; 1245458 |
| BAT Capital Corp. | BAT Capital Corp. | BAT Capital Corp. | BAT Capital Corp. | BAT Capital Corp. |
| 08/15/2027 | &nbsp;&nbsp; 3.557% |  | 367000 | &nbsp;&nbsp; 365112 |
| 03/25/2028 | &nbsp;&nbsp; 2.259% |  | 1930000 | &nbsp;&nbsp; 1866878 |
| 02/20/2031 | &nbsp;&nbsp; 5.834% |  | 384000 | &nbsp;&nbsp; 410502 |
| 03/25/2031 | &nbsp;&nbsp; 2.726% |  | 15000 | &nbsp;&nbsp; 13965 |
| 08/15/2037 | &nbsp;&nbsp; 4.390% |  | 1147000 | &nbsp;&nbsp; 1072667 |
| 08/02/2043 | &nbsp;&nbsp; 7.079% |  | 247000 | &nbsp;&nbsp; 280916 |
| BAT International Finance PLC | BAT International Finance PLC | BAT International Finance PLC | BAT International Finance PLC | BAT International Finance PLC |
| 03/16/2028 | &nbsp;&nbsp; 4.448% |  | 8000000 | &nbsp;&nbsp; 8073123 |
| 02/02/2029 | &nbsp;&nbsp; 5.931% |  | 2973000 | &nbsp;&nbsp; 3128879 |
| Imperial Brands Finance PLC<sup>(b)</sup>  | Imperial Brands Finance PLC<sup>(b)</sup>  | Imperial Brands Finance PLC<sup>(b)</sup>  | Imperial Brands Finance PLC<sup>(b)</sup>  | Imperial Brands Finance PLC<sup>(b)</sup>  |
| 06/30/2028 | &nbsp;&nbsp; 4.500% |  | 4630000 | &nbsp;&nbsp; 4677326 |
| 02/01/2030 | &nbsp;&nbsp; 5.500% |  | 1474000 | &nbsp;&nbsp; 1538769 |
| Japan Tobacco, Inc.<sup>(b)</sup>  | Japan Tobacco, Inc.<sup>(b)</sup>  | Japan Tobacco, Inc.<sup>(b)</sup>  | Japan Tobacco, Inc.<sup>(b)</sup>  | Japan Tobacco, Inc.<sup>(b)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 5.250% |  | 788000 | &nbsp;&nbsp; 821997 |
| Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. |
| 02/13/2029 | &nbsp;&nbsp; 4.875% |  | 1041000 | &nbsp;&nbsp; 1070112 |
| 09/07/2030 | &nbsp;&nbsp; 5.500% |  | 2295000 | &nbsp;&nbsp; 2425222 |
| 11/01/2031 | &nbsp;&nbsp; 4.750% |  | 990000 | &nbsp;&nbsp; 1017830 |
| 09/07/2033 | &nbsp;&nbsp; 5.625% |  | 10000000 | &nbsp;&nbsp; 10725629 |
| Reynolds American, Inc. | Reynolds American, Inc. | Reynolds American, Inc. | Reynolds American, Inc. | Reynolds American, Inc. |
| 08/15/2035 | &nbsp;&nbsp; 5.700% |  | 6525000 | &nbsp;&nbsp; 6881918 |
| 09/15/2043 | &nbsp;&nbsp; 6.150% |  | 143000 | &nbsp;&nbsp; 148678 |
| 08/15/2045 | &nbsp;&nbsp; 5.850% |  | 403000 | &nbsp;&nbsp; 402844 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **47084752** |
| **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** |
| Dcli Bidco LLC<sup>(b)</sup>  | Dcli Bidco LLC<sup>(b)</sup>  | Dcli Bidco LLC<sup>(b)</sup>  | Dcli Bidco LLC<sup>(b)</sup>  | Dcli Bidco LLC<sup>(b)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 7.750% |  | 2825000 | &nbsp;&nbsp; 2896691 |
| Element Fleet Management Corp.<sup>(b)</sup>  | Element Fleet Management Corp.<sup>(b)</sup>  | Element Fleet Management Corp.<sup>(b)</sup>  | Element Fleet Management Corp.<sup>(b)</sup>  | Element Fleet Management Corp.<sup>(b)</sup>  |
| 03/13/2027 | &nbsp;&nbsp; 5.643% |  | 1783000 | &nbsp;&nbsp; 1809851 |
| 03/25/2030 | &nbsp;&nbsp; 5.037% |  | 835000 | &nbsp;&nbsp; 856720 |
| 11/24/2030 | &nbsp;&nbsp; 4.641% |  | 4847000 | &nbsp;&nbsp; 4896238 |
| FedEx Corp. | FedEx Corp. | FedEx Corp. | FedEx Corp. | FedEx Corp. |
| 04/01/2046 | &nbsp;&nbsp; 4.550% |  | 87000 | &nbsp;&nbsp; 75610 |
| FedEx Corp. Pass-Through Trust | FedEx Corp. Pass-Through Trust | FedEx Corp. Pass-Through Trust | FedEx Corp. Pass-Through Trust | FedEx Corp. Pass-Through Trust |
| Series 2020-1 Class AA | Series 2020-1 Class AA | Series 2020-1 Class AA | Series 2020-1 Class AA | Series 2020-1 Class AA |
| 02/20/2034 | &nbsp;&nbsp; 1.875% |  | 340950 | &nbsp;&nbsp; 300232 |
| FedEx Freight Holding Co., Inc.<sup>(b)</sup>  | FedEx Freight Holding Co., Inc.<sup>(b)</sup>  | FedEx Freight Holding Co., Inc.<sup>(b)</sup>  | FedEx Freight Holding Co., Inc.<sup>(b)</sup>  | FedEx Freight Holding Co., Inc.<sup>(b)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 4.650% |  | 3910000 | &nbsp;&nbsp; 3931168 |
| Gatwick Funding Ltd.<sup>(b)</sup>  | Gatwick Funding Ltd.<sup>(b)</sup>  | Gatwick Funding Ltd.<sup>(b)</sup>  | Gatwick Funding Ltd.<sup>(b)</sup>  | Gatwick Funding Ltd.<sup>(b)</sup>  |
| 10/16/2033 | &nbsp;&nbsp; 3.625% | EUR | 330000 | &nbsp;&nbsp; 393433 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GN Bondco LLC<sup>(b)</sup>  | GN Bondco LLC<sup>(b)</sup>  | GN Bondco LLC<sup>(b)</sup>  | GN Bondco LLC<sup>(b)</sup>  | GN Bondco LLC<sup>(b)</sup>  |
| 10/15/2031 | &nbsp;&nbsp; 9.500% |  | 8184000 | &nbsp;&nbsp; 8487384 |
| GXO Logistics, Inc. | GXO Logistics, Inc. | GXO Logistics, Inc. | GXO Logistics, Inc. | GXO Logistics, Inc. |
| 05/06/2029 | &nbsp;&nbsp; 6.250% |  | 358000 | &nbsp;&nbsp; 378325 |
| Heathrow Funding Ltd.<sup>(b)</sup>  | Heathrow Funding Ltd.<sup>(b)</sup>  | Heathrow Funding Ltd.<sup>(b)</sup>  | Heathrow Funding Ltd.<sup>(b)</sup>  | Heathrow Funding Ltd.<sup>(b)</sup>  |
| 10/08/2030 | &nbsp;&nbsp; 1.125% | EUR | 2325000 | &nbsp;&nbsp; 2523881 |
| 01/16/2036 | &nbsp;&nbsp; 3.875% | EUR | 920000 | &nbsp;&nbsp; 1090006 |
| Penske Truck Leasing Co. LP<sup>(b)</sup>  | Penske Truck Leasing Co. LP<sup>(b)</sup>  | Penske Truck Leasing Co. LP<sup>(b)</sup>  | Penske Truck Leasing Co. LP<sup>(b)</sup>  | Penske Truck Leasing Co. LP<sup>(b)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 5.250% |  | 1359000 | &nbsp;&nbsp; 1402956 |
| Penske Truck Leasing Co. LP/Finance Corp.<sup>(b)</sup>  | Penske Truck Leasing Co. LP/Finance Corp.<sup>(b)</sup>  | Penske Truck Leasing Co. LP/Finance Corp.<sup>(b)</sup>  | Penske Truck Leasing Co. LP/Finance Corp.<sup>(b)</sup>  | Penske Truck Leasing Co. LP/Finance Corp.<sup>(b)</sup>  |
| 03/30/2029 | &nbsp;&nbsp; 5.350% |  | 2567000 | &nbsp;&nbsp; 2653765 |
| Penske Truck Leasing Co. LP/PTL Finance Corp.<sup>(b)</sup>  | Penske Truck Leasing Co. LP/PTL Finance Corp.<sup>(b)</sup>  | Penske Truck Leasing Co. LP/PTL Finance Corp.<sup>(b)</sup>  | Penske Truck Leasing Co. LP/PTL Finance Corp.<sup>(b)</sup>  | Penske Truck Leasing Co. LP/PTL Finance Corp.<sup>(b)</sup>  |
| 06/15/2026 | &nbsp;&nbsp; 1.700% |  | 962000 | &nbsp;&nbsp; 954739 |
| 02/01/2030 | &nbsp;&nbsp; 5.250% |  | 1274000 | &nbsp;&nbsp; 1317944 |
| Ryder System, Inc. | Ryder System, Inc. | Ryder System, Inc. | Ryder System, Inc. | Ryder System, Inc. |
| 06/01/2028 | &nbsp;&nbsp; 5.250% |  | 663000 | &nbsp;&nbsp; 681266 |
| 03/15/2029 | &nbsp;&nbsp; 5.375% |  | 119000 | &nbsp;&nbsp; 123405 |
| 06/01/2029 | &nbsp;&nbsp; 5.500% |  | 870000 | &nbsp;&nbsp; 906695 |
| 09/01/2029 | &nbsp;&nbsp; 4.950% |  | 615000 | &nbsp;&nbsp; 631030 |
| 03/15/2030 | &nbsp;&nbsp; 5.000% |  | 1146000 | &nbsp;&nbsp; 1180046 |
| 12/01/2033 | &nbsp;&nbsp; 6.600% |  | 592000 | &nbsp;&nbsp; 666860 |
| Star Leasing Co LLC<sup>(b)</sup>  | Star Leasing Co LLC<sup>(b)</sup>  | Star Leasing Co LLC<sup>(b)</sup>  | Star Leasing Co LLC<sup>(b)</sup>  | Star Leasing Co LLC<sup>(b)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.625% |  | 4340000 | &nbsp;&nbsp; 4124872 |
| XPO, Inc.<sup>(b)</sup>  | XPO, Inc.<sup>(b)</sup>  | XPO, Inc.<sup>(b)</sup>  | XPO, Inc.<sup>(b)</sup>  | XPO, Inc.<sup>(b)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 6.250% |  | 575000 | &nbsp;&nbsp; 585632 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **42868749** |
| **Whole Business 0.0%** | **Whole Business 0.0%** | **Whole Business 0.0%** | **Whole Business 0.0%** | **Whole Business 0.0%** |
| AA Bond Co., Ltd.<sup>(b)</sup>  | AA Bond Co., Ltd.<sup>(b)</sup>  | AA Bond Co., Ltd.<sup>(b)</sup>  | AA Bond Co., Ltd.<sup>(b)</sup>  | AA Bond Co., Ltd.<sup>(b)</sup>  |
| 07/31/2032 | &nbsp;&nbsp; 5.500% | GBP | 750000 | &nbsp;&nbsp; 1019888 |
| **Wireless 0.5%** | **Wireless 0.5%** | **Wireless 0.5%** | **Wireless 0.5%** | **Wireless 0.5%** |
| Altice France<sup>(b)</sup>  | Altice France<sup>(b)</sup>  | Altice France<sup>(b)</sup>  | Altice France<sup>(b)</sup>  | Altice France<sup>(b)</sup>  |
| 03/15/2032 | &nbsp;&nbsp; 6.500% |  | 102506 | &nbsp;&nbsp; 98022 |
| 07/15/2032 | &nbsp;&nbsp; 6.875% |  | 324000 | &nbsp;&nbsp; 311049 |
| Altice France SA<sup>(b)</sup>  | Altice France SA<sup>(b)</sup>  | Altice France SA<sup>(b)</sup>  | Altice France SA<sup>(b)</sup>  | Altice France SA<sup>(b)</sup>  |
| 11/01/2029 | &nbsp;&nbsp; 9.500% |  | 76452 | &nbsp;&nbsp; 77588 |
| American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. |
| 03/15/2027 | &nbsp;&nbsp; 3.650% |  | 533000 | &nbsp;&nbsp; 531227 |
| 08/15/2029 | &nbsp;&nbsp; 3.800% |  | 2820000 | &nbsp;&nbsp; 2793088 |
| 04/15/2031 | &nbsp;&nbsp; 2.700% |  | 555000 | &nbsp;&nbsp; 515193 |
| 09/15/2031 | &nbsp;&nbsp; 2.300% |  | 477000 | &nbsp;&nbsp; 429057 |
| Crown Castle Inc | Crown Castle Inc | Crown Castle Inc | Crown Castle Inc | Crown Castle Inc |
| 03/01/2034 | &nbsp;&nbsp; 5.800% |  | 375000 | &nbsp;&nbsp; 397507 |
| Crown Castle International Corp. | Crown Castle International Corp. | Crown Castle International Corp. | Crown Castle International Corp. | Crown Castle International Corp. |
| 07/15/2026 | &nbsp;&nbsp; 1.050% |  | 313000 | &nbsp;&nbsp; 309412 |
| 03/15/2027 | &nbsp;&nbsp; 2.900% |  | 533000 | &nbsp;&nbsp; 527103 |
| 07/01/2030 | &nbsp;&nbsp; 3.300% |  | 2098000 | &nbsp;&nbsp; 2008656 |
| 04/01/2031 | &nbsp;&nbsp; 2.100% |  | 575000 | &nbsp;&nbsp; 512937 |
| 07/15/2031 | &nbsp;&nbsp; 2.500% |  | 4278000 | &nbsp;&nbsp; 3867517 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. |
| 09/01/2028 | &nbsp;&nbsp; 4.800% |  | 1252000 | &nbsp;&nbsp; 1272868 |
| 06/01/2029 | &nbsp;&nbsp; 5.600% |  | 4368000 | &nbsp;&nbsp; 4550327 |
| 09/01/2029 | &nbsp;&nbsp; 4.900% |  | 1327000 | &nbsp;&nbsp; 1352821 |
| 05/01/2033 | &nbsp;&nbsp; 5.100% |  | 211000 | &nbsp;&nbsp; 215146 |
| Digicel Group Holdings Ltd.<sup>(b),(i),(j),(k)</sup>  | Digicel Group Holdings Ltd.<sup>(b),(i),(j),(k)</sup>  | Digicel Group Holdings Ltd.<sup>(b),(i),(j),(k)</sup>  | Digicel Group Holdings Ltd.<sup>(b),(i),(j),(k)</sup>  | Digicel Group Holdings Ltd.<sup>(b),(i),(j),(k)</sup>  |
| 12/31/2030 | &nbsp;&nbsp; 0.000% |  | 51721 | &nbsp;&nbsp; 5224 |
| 12/31/2030 | &nbsp;&nbsp; 0.000% |  | 17820 | &nbsp;&nbsp; 118 |
| Digicel International Finance Ltd./DIFL US LLC<sup>(b)</sup>  | Digicel International Finance Ltd./DIFL US LLC<sup>(b)</sup>  | Digicel International Finance Ltd./DIFL US LLC<sup>(b)</sup>  | Digicel International Finance Ltd./DIFL US LLC<sup>(b)</sup>  | Digicel International Finance Ltd./DIFL US LLC<sup>(b)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 8.625% |  | 3430000 | &nbsp;&nbsp; 3560809 |
| Global Switch Finance BV<sup>(b)</sup>  | Global Switch Finance BV<sup>(b)</sup>  | Global Switch Finance BV<sup>(b)</sup>  | Global Switch Finance BV<sup>(b)</sup>  | Global Switch Finance BV<sup>(b)</sup>  |
| 10/07/2030 | &nbsp;&nbsp; 1.375% | EUR | 1555000 | &nbsp;&nbsp; 1725261 |
| Sitios Latinoamerica SAB de CV<sup>(b)</sup>  | Sitios Latinoamerica SAB de CV<sup>(b)</sup>  | Sitios Latinoamerica SAB de CV<sup>(b)</sup>  | Sitios Latinoamerica SAB de CV<sup>(b)</sup>  | Sitios Latinoamerica SAB de CV<sup>(b)</sup>  |
| 11/25/2029 | &nbsp;&nbsp; 6.000% |  | 2570000 | &nbsp;&nbsp; 2661614 |
| SoftBank Corp.<sup>(b)</sup>  | SoftBank Corp.<sup>(b)</sup>  | SoftBank Corp.<sup>(b)</sup>  | SoftBank Corp.<sup>(b)</sup>  | SoftBank Corp.<sup>(b)</sup>  |
| 07/09/2030 | &nbsp;&nbsp; 4.699% |  | 3804000 | &nbsp;&nbsp; 3857812 |
| Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. |
| 11/15/2028 | &nbsp;&nbsp; 6.875% |  | 2208000 | &nbsp;&nbsp; 2371279 |
| 03/15/2032 | &nbsp;&nbsp; 8.750% |  | 1697000 | &nbsp;&nbsp; 2072106 |
| Sprint Spectrum Co. I/II/III LLC<sup>(b)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(b)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(b)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(b)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(b)</sup>  |
| 03/20/2028 | &nbsp;&nbsp; 5.152% |  | 3723750 | &nbsp;&nbsp; 3741565 |
| T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. |
| 04/15/2027 | &nbsp;&nbsp; 3.750% |  | 3514000 | &nbsp;&nbsp; 3509762 |
| 02/15/2028 | &nbsp;&nbsp; 2.050% |  | 607000 | &nbsp;&nbsp; 586063 |
| 02/15/2029 | &nbsp;&nbsp; 2.625% |  | 410000 | &nbsp;&nbsp; 394504 |
| 04/15/2029 | &nbsp;&nbsp; 3.375% |  | 3648000 | &nbsp;&nbsp; 3581383 |
| 04/15/2030 | &nbsp;&nbsp; 3.875% |  | 4217000 | &nbsp;&nbsp; 4184193 |
| 04/15/2031 | &nbsp;&nbsp; 3.500% |  | 2135000 | &nbsp;&nbsp; 2061253 |
| 07/15/2033 | &nbsp;&nbsp; 5.050% |  | 4690000 | &nbsp;&nbsp; 4836094 |
| 04/15/2040 | &nbsp;&nbsp; 4.375% |  | 775000 | &nbsp;&nbsp; 707741 |
| 02/15/2041 | &nbsp;&nbsp; 3.000% |  | 3947000 | &nbsp;&nbsp; 3000929 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| 05/15/2035 | &nbsp;&nbsp; 5.300% |  | 1028000 | &nbsp;&nbsp; 1064043 |
| 02/15/2036 | &nbsp;&nbsp; 5.000% |  | 368000 | &nbsp;&nbsp; 370257 |
| 02/15/2056 | &nbsp;&nbsp; 5.850% |  | 914000 | &nbsp;&nbsp; 916823 |
| Vmed O2 UK Financing I PLC<sup>(b)</sup>  | Vmed O2 UK Financing I PLC<sup>(b)</sup>  | Vmed O2 UK Financing I PLC<sup>(b)</sup>  | Vmed O2 UK Financing I PLC<sup>(b)</sup>  | Vmed O2 UK Financing I PLC<sup>(b)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 6.750% |  | 1200000 | &nbsp;&nbsp; 1137345 |
| Zegona Finance PLC<sup>(b)</sup>  | Zegona Finance PLC<sup>(b)</sup>  | Zegona Finance PLC<sup>(b)</sup>  | Zegona Finance PLC<sup>(b)</sup>  | Zegona Finance PLC<sup>(b)</sup>  |
| 07/15/2029 | &nbsp;&nbsp; 8.625% |  | 1726000 | &nbsp;&nbsp; 1823815 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **67939511** |
| **Wirelines 0.4%** | **Wirelines 0.4%** | **Wirelines 0.4%** | **Wirelines 0.4%** | **Wirelines 0.4%** |
| Altice Financing SA<sup>(b)</sup>  | Altice Financing SA<sup>(b)</sup>  | Altice Financing SA<sup>(b)</sup>  | Altice Financing SA<sup>(b)</sup>  | Altice Financing SA<sup>(b)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 9.625% |  | 1371000 | &nbsp;&nbsp; 1024536 |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 02/01/2032 | &nbsp;&nbsp; 2.250% |  | 7580000 | &nbsp;&nbsp; 6770665 |
| 11/01/2032 | &nbsp;&nbsp; 4.550% |  | 906000 | &nbsp;&nbsp; 911536 |
| 05/15/2035 | &nbsp;&nbsp; 4.500% |  | 92000 | &nbsp;&nbsp; 89703 |
| 11/01/2035 | &nbsp;&nbsp; 4.900% |  | 1811000 | &nbsp;&nbsp; 1814946 |
| 08/15/2037 | &nbsp;&nbsp; 4.900% |  | 302000 | &nbsp;&nbsp; 297910 |
| 09/15/2055 | &nbsp;&nbsp; 3.550% |  | 3950000 | &nbsp;&nbsp; 2671175 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(a)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 08/15/2056 | &nbsp;&nbsp; 6.050% | 907000 | &nbsp;&nbsp; 922984 |
| 12/01/2057 | &nbsp;&nbsp; 3.800% | 332000 | &nbsp;&nbsp; 232943 |
| 09/15/2059 | &nbsp;&nbsp; 3.650% | 840000 | &nbsp;&nbsp; 564888 |
| Connect Holding II LLC<sup>(b)</sup>  | Connect Holding II LLC<sup>(b)</sup>  | Connect Holding II LLC<sup>(b)</sup>  | Connect Holding II LLC<sup>(b)</sup>  |
| 04/03/2031 | &nbsp;&nbsp; 10.500% | 6650000 | &nbsp;&nbsp; 6433145 |
| Frontier Communications Corp.<sup>(b)</sup>  | Frontier Communications Corp.<sup>(b)</sup>  | Frontier Communications Corp.<sup>(b)</sup>  | Frontier Communications Corp.<sup>(b)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 5.000% | 3025000 | &nbsp;&nbsp; 3028103 |
| Frontier Communications Holdings LLC | Frontier Communications Holdings LLC | Frontier Communications Holdings LLC | Frontier Communications Holdings LLC |
| 11/01/2029 | &nbsp;&nbsp; 5.875% | 1775000 | &nbsp;&nbsp; 1794050 |
| GCI LLC<sup>(b)</sup>  | GCI LLC<sup>(b)</sup>  | GCI LLC<sup>(b)</sup>  | GCI LLC<sup>(b)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 4.750% | 945000 | &nbsp;&nbsp; 929101 |
| Level 3 Financing, Inc.<sup>(b)</sup>  | Level 3 Financing, Inc.<sup>(b)</sup>  | Level 3 Financing, Inc.<sup>(b)</sup>  | Level 3 Financing, Inc.<sup>(b)</sup>  |
| 06/30/2033 | &nbsp;&nbsp; 6.875% | 1620000 | &nbsp;&nbsp; 1677622 |
| 03/31/2034 | &nbsp;&nbsp; 7.000% | 2470000 | &nbsp;&nbsp; 2567333 |
| 01/15/2036 | &nbsp;&nbsp; 8.500% | 1260000 | &nbsp;&nbsp; 1311714 |
| Lumen Technologies, Inc.<sup>(b)</sup>  | Lumen Technologies, Inc.<sup>(b)</sup>  | Lumen Technologies, Inc.<sup>(b)</sup>  | Lumen Technologies, Inc.<sup>(b)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 5.375% | 1425000 | &nbsp;&nbsp; 1364971 |
| Total Play Telecomunicaciones SA de CV<sup>(b)</sup>  | Total Play Telecomunicaciones SA de CV<sup>(b)</sup>  | Total Play Telecomunicaciones SA de CV<sup>(b)</sup>  | Total Play Telecomunicaciones SA de CV<sup>(b)</sup>  |
| 12/31/2032 | &nbsp;&nbsp; 11.125% | 1841500 | &nbsp;&nbsp; 1755529 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| 01/20/2031 | &nbsp;&nbsp; 1.750% | 363000 | &nbsp;&nbsp; 324576 |
| 03/21/2031 | &nbsp;&nbsp; 2.550% | 361000 | &nbsp;&nbsp; 333941 |
| 03/15/2032 | &nbsp;&nbsp; 2.355% | 3249000 | &nbsp;&nbsp; 2898929 |
| 11/01/2034 | &nbsp;&nbsp; 4.400% | 962000 | &nbsp;&nbsp; 941442 |
| 02/15/2035 | &nbsp;&nbsp; 4.780% | 1680000 | &nbsp;&nbsp; 1672583 |
| 01/15/2036 | &nbsp;&nbsp; 5.000% | 1270000 | &nbsp;&nbsp; 1275623 |
| 07/02/2037 | &nbsp;&nbsp; 5.401% | 504000 | &nbsp;&nbsp; 517612 |
| 11/30/2055 | &nbsp;&nbsp; 5.875% | 1949000 | &nbsp;&nbsp; 1958204 |
| 11/30/2065 | &nbsp;&nbsp; 6.000% | 1498000 | &nbsp;&nbsp; 1503531 |
| Zayo Group Holdings, Inc.<sup>(b),(o)</sup>  | Zayo Group Holdings, Inc.<sup>(b),(o)</sup>  | Zayo Group Holdings, Inc.<sup>(b),(o)</sup>  | Zayo Group Holdings, Inc.<sup>(b),(o)</sup>  |
| 03/09/2030 | &nbsp;&nbsp; 9.250% | 170447 | &nbsp;&nbsp; 165588 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **47754883** |
| Total Corporate Bonds & Notes <br>(Cost $3,554,674,929) | Total Corporate Bonds & Notes <br>(Cost $3,554,674,929) | Total Corporate Bonds & Notes <br>(Cost $3,554,674,929) | &nbsp;&nbsp; **3564974444** |
| **Foreign Government Obligations**<sup>(a),(p)</sup> **1.7%** | **Foreign Government Obligations**<sup>(a),(p)</sup> **1.7%** | **Foreign Government Obligations**<sup>(a),(p)</sup> **1.7%** | **Foreign Government Obligations**<sup>(a),(p)</sup> **1.7%** |
| **Argentina 0.1%** | **Argentina 0.1%** | **Argentina 0.1%** | **Argentina 0.1%** |
| Argentine Republic Government International Bond | Argentine Republic Government International Bond | Argentine Republic Government International Bond | Argentine Republic Government International Bond |
| 07/09/2029 | &nbsp;&nbsp; 1.000% | 7068657 | &nbsp;&nbsp; 6231975 |
| Argentine Republic Government International Bond<sup>(n)</sup>  | Argentine Republic Government International Bond<sup>(n)</sup>  | Argentine Republic Government International Bond<sup>(n)</sup>  | Argentine Republic Government International Bond<sup>(n)</sup>  |
| 07/09/2030 | &nbsp;&nbsp; 1.000% | 5592346 | &nbsp;&nbsp; 4737895 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **10969870** |
| **Australia 0.2%** | **Australia 0.2%** | **Australia 0.2%** | **Australia 0.2%** |
| NBN Co., Ltd.<sup>(b)</sup>  | NBN Co., Ltd.<sup>(b)</sup>  | NBN Co., Ltd.<sup>(b)</sup>  | NBN Co., Ltd.<sup>(b)</sup>  |
| 05/05/2026 | &nbsp;&nbsp; 1.450% | 581000 | &nbsp;&nbsp; 578428 |
| 01/08/2027 | &nbsp;&nbsp; 1.625% | 1030000 | &nbsp;&nbsp; 1011338 |
| 01/08/2032 | &nbsp;&nbsp; 2.500% | 624000 | &nbsp;&nbsp; 570985 |
| 10/06/2033 | &nbsp;&nbsp; 6.000% | 704000 | &nbsp;&nbsp; 773906 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| New South Wales Treasury Corp.<sup>(b)</sup>  | New South Wales Treasury Corp.<sup>(b)</sup>  | New South Wales Treasury Corp.<sup>(b)</sup>  | New South Wales Treasury Corp.<sup>(b)</sup>  | New South Wales Treasury Corp.<sup>(b)</sup>  |
| 02/20/2037 | &nbsp;&nbsp; 4.750% | AUD | 9225000 | &nbsp;&nbsp; 6289838 |
| 02/24/2038 | &nbsp;&nbsp; 5.250% | AUD | 4925000 | &nbsp;&nbsp; 3470428 |
| Queensland Treasury Corp.<sup>(b)</sup>  | Queensland Treasury Corp.<sup>(b)</sup>  | Queensland Treasury Corp.<sup>(b)</sup>  | Queensland Treasury Corp.<sup>(b)</sup>  | Queensland Treasury Corp.<sup>(b)</sup>  |
| 07/21/2037 | &nbsp;&nbsp; 5.000% | AUD | 9225000 | &nbsp;&nbsp; 6372278 |
| 08/13/2038 | &nbsp;&nbsp; 5.250% | AUD | 3905000 | &nbsp;&nbsp; 2731652 |
| Treasury Corp. of Victoria | Treasury Corp. of Victoria | Treasury Corp. of Victoria | Treasury Corp. of Victoria | Treasury Corp. of Victoria |
| 11/20/2037 | &nbsp;&nbsp; 2.000% | AUD | 4605000 | &nbsp;&nbsp; 2303179 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **24102032** |
| **Bermuda 0.0%** | **Bermuda 0.0%** | **Bermuda 0.0%** | **Bermuda 0.0%** | **Bermuda 0.0%** |
| Bermuda Government International Bond<sup>(b)</sup>  | Bermuda Government International Bond<sup>(b)</sup>  | Bermuda Government International Bond<sup>(b)</sup>  | Bermuda Government International Bond<sup>(b)</sup>  | Bermuda Government International Bond<sup>(b)</sup>  |
| 08/20/2030 | &nbsp;&nbsp; 2.375% |  | 1105000 | &nbsp;&nbsp; 1014435 |
| **Brazil 0.1%** | **Brazil 0.1%** | **Brazil 0.1%** | **Brazil 0.1%** | **Brazil 0.1%** |
| Brazil Minas SPE via State of Minas Gerais<sup>(b)</sup>  | Brazil Minas SPE via State of Minas Gerais<sup>(b)</sup>  | Brazil Minas SPE via State of Minas Gerais<sup>(b)</sup>  | Brazil Minas SPE via State of Minas Gerais<sup>(b)</sup>  | Brazil Minas SPE via State of Minas Gerais<sup>(b)</sup>  |
| 02/15/2028 | &nbsp;&nbsp; 5.333% |  | 400000 | &nbsp;&nbsp; 402164 |
| Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond |
| 10/20/2033 | &nbsp;&nbsp; 6.000% |  | 350000 | &nbsp;&nbsp; 357955 |
| 03/15/2034 | &nbsp;&nbsp; 6.125% |  | 2675000 | &nbsp;&nbsp; 2739960 |
| 03/15/2035 | &nbsp;&nbsp; 6.625% |  | 3728000 | &nbsp;&nbsp; 3913943 |
| 05/22/2036 | &nbsp;&nbsp; 6.250% |  | 5290000 | &nbsp;&nbsp; 5340956 |
| 05/13/2054 | &nbsp;&nbsp; 7.125% |  | 1175000 | &nbsp;&nbsp; 1195430 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **13950408** |
| **Canada 0.1%** | **Canada 0.1%** | **Canada 0.1%** | **Canada 0.1%** | **Canada 0.1%** |
| Antares Holdings LP<sup>(b)</sup>  | Antares Holdings LP<sup>(b)</sup>  | Antares Holdings LP<sup>(b)</sup>  | Antares Holdings LP<sup>(b)</sup>  | Antares Holdings LP<sup>(b)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 3.750% |  | 2130000 | &nbsp;&nbsp; 2079518 |
| 10/23/2029 | &nbsp;&nbsp; 6.350% |  | 2000000 | &nbsp;&nbsp; 2047923 |
| NOVA Chemicals Corp.<sup>(b)</sup>  | NOVA Chemicals Corp.<sup>(b)</sup>  | NOVA Chemicals Corp.<sup>(b)</sup>  | NOVA Chemicals Corp.<sup>(b)</sup>  | NOVA Chemicals Corp.<sup>(b)</sup>  |
| 12/01/2031 | &nbsp;&nbsp; 7.000% |  | 770000 | &nbsp;&nbsp; 821975 |
| Province of British Columbia | Province of British Columbia | Province of British Columbia | Province of British Columbia | Province of British Columbia |
| 09/01/2036 | &nbsp;&nbsp; 7.250% |  | 2000000 | &nbsp;&nbsp; 2476059 |
| Province of Manitoba | Province of Manitoba | Province of Manitoba | Province of Manitoba | Province of Manitoba |
| 06/22/2026 | &nbsp;&nbsp; 2.125% |  | 300000 | &nbsp;&nbsp; 298454 |
| Province of Quebec<sup>(n)</sup>  | Province of Quebec<sup>(n)</sup>  | Province of Quebec<sup>(n)</sup>  | Province of Quebec<sup>(n)</sup>  | Province of Quebec<sup>(n)</sup>  |
| 03/02/2026 | &nbsp;&nbsp; 7.485% |  | 230000 | &nbsp;&nbsp; 230062 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **7953991** |
| **Chile 0.1%** | **Chile 0.1%** | **Chile 0.1%** | **Chile 0.1%** | **Chile 0.1%** |
| 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>  |
| 01/13/2035 | &nbsp;&nbsp; 6.330% |  | 3350000 | &nbsp;&nbsp; 3621813 |
| 01/13/2055 | &nbsp;&nbsp; 6.780% |  | 1486000 | &nbsp;&nbsp; 1643451 |
| 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>  |
| 01/08/2034 | &nbsp;&nbsp; 5.950% |  | 1925000 | &nbsp;&nbsp; 2042767 |
| 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>  |
| 02/02/2033 | &nbsp;&nbsp; 5.125% |  | 850000 | &nbsp;&nbsp; 868658 |
| 01/26/2036 | &nbsp;&nbsp; 6.440% |  | 2150000 | &nbsp;&nbsp; 2351134 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **10527823** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Colombia 0.1%** | **Colombia 0.1%** | **Colombia 0.1%** | **Colombia 0.1%** | **Colombia 0.1%** |
| Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond |
| 03/15/2029 | &nbsp;&nbsp; 4.500% |  | 250000 | &nbsp;&nbsp; 243383 |
| 11/14/2035 | &nbsp;&nbsp; 8.000% |  | 2584000 | &nbsp;&nbsp; 2759641 |
| 11/07/2036 | &nbsp;&nbsp; 7.750% |  | 525000 | &nbsp;&nbsp; 546640 |
| 11/07/2054 | &nbsp;&nbsp; 8.375% |  | 1150000 | &nbsp;&nbsp; 1215937 |
| Ecopetrol SA | Ecopetrol SA | Ecopetrol SA | Ecopetrol SA | Ecopetrol SA |
| 01/19/2029 | &nbsp;&nbsp; 8.625% |  | 4080000 | &nbsp;&nbsp; 4354276 |
| 01/19/2036 | &nbsp;&nbsp; 8.375% |  | 3270000 | &nbsp;&nbsp; 3359742 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **12479619** |
| **Dominican Republic 0.1%** | **Dominican Republic 0.1%** | **Dominican Republic 0.1%** | **Dominican Republic 0.1%** | **Dominican Republic 0.1%** |
| 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>  |
| 07/19/2028 | &nbsp;&nbsp; 6.000% |  | 1400000 | &nbsp;&nbsp; 1437743 |
| 02/22/2029 | &nbsp;&nbsp; 5.500% |  | 4515000 | &nbsp;&nbsp; 4592037 |
| 03/15/2037 | &nbsp;&nbsp; 6.950% |  | 2800000 | &nbsp;&nbsp; 3004796 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **9034576** |
| **Ecuador 0.0%** | **Ecuador 0.0%** | **Ecuador 0.0%** | **Ecuador 0.0%** | **Ecuador 0.0%** |
| 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% |  | 5350000 | &nbsp;&nbsp; 5389608 |
| **France 0.1%** | **France 0.1%** | **France 0.1%** | **France 0.1%** | **France 0.1%** |
| Electricite de France SA<sup>(b),(m),(n)</sup>  | Electricite de France SA<sup>(b),(m),(n)</sup>  | Electricite de France SA<sup>(b),(m),(n)</sup>  | Electricite de France SA<sup>(b),(m),(n)</sup>  | Electricite de France SA<sup>(b),(m),(n)</sup>  |
|  | &nbsp;&nbsp; 7.375% | GBP | 400000 | &nbsp;&nbsp; 571553 |
|  | &nbsp;&nbsp; 9.125% |  | 995000 | &nbsp;&nbsp; 1185543 |
| Electricite de France SA<sup>(b)</sup>  | Electricite de France SA<sup>(b)</sup>  | Electricite de France SA<sup>(b)</sup>  | Electricite de France SA<sup>(b)</sup>  | Electricite de France SA<sup>(b)</sup>  |
| 08/28/2035 | &nbsp;&nbsp; 5.636% | AUD | 1090000 | &nbsp;&nbsp; 768965 |
| 06/17/2044 | &nbsp;&nbsp; 4.750% | EUR | 2000000 | &nbsp;&nbsp; 2434234 |
| 12/09/2049 | &nbsp;&nbsp; 2.000% | EUR | 1800000 | &nbsp;&nbsp; 1313118 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **6273413** |
| **Germany 0.0%** | **Germany 0.0%** | **Germany 0.0%** | **Germany 0.0%** | **Germany 0.0%** |
| EMD Finance LLC<sup>(b)</sup>  | EMD Finance LLC<sup>(b)</sup>  | EMD Finance LLC<sup>(b)</sup>  | EMD Finance LLC<sup>(b)</sup>  | EMD Finance LLC<sup>(b)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 4.625% |  | 1357000 | &nbsp;&nbsp; 1373807 |
| EnBW International Finance BV<sup>(b)</sup>  | EnBW International Finance BV<sup>(b)</sup>  | EnBW International Finance BV<sup>(b)</sup>  | EnBW International Finance BV<sup>(b)</sup>  | EnBW International Finance BV<sup>(b)</sup>  |
| 02/26/2036 | &nbsp;&nbsp; 5.792% | AUD | 1990000 | &nbsp;&nbsp; 1419243 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2793050** |
| **Guatemala 0.1%** | **Guatemala 0.1%** | **Guatemala 0.1%** | **Guatemala 0.1%** | **Guatemala 0.1%** |
| Guatemala Government Bond<sup>(b)</sup>  | 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% |  | 1650000 | &nbsp;&nbsp; 1732093 |
| 10/07/2033 | &nbsp;&nbsp; 3.700% |  | 794000 | &nbsp;&nbsp; 720528 |
| 08/15/2036 | &nbsp;&nbsp; 6.250% |  | 2504000 | &nbsp;&nbsp; 2652259 |
| 02/06/2037 | &nbsp;&nbsp; 6.550% |  | 800000 | &nbsp;&nbsp; 866265 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5971145** |
| **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** |
| 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>  | Hungary Government International Bond<sup>(b)</sup>  |
| 09/22/2031 | &nbsp;&nbsp; 2.125% |  | 977000 | &nbsp;&nbsp; 853164 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| MVM Energetika Zrt<sup>(b)</sup>  | MVM Energetika Zrt<sup>(b)</sup>  | MVM Energetika Zrt<sup>(b)</sup>  | MVM Energetika Zrt<sup>(b)</sup>  |
| 03/13/2031 | &nbsp;&nbsp; 6.500% | 423000 | &nbsp;&nbsp; 450202 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1303366** |
| **India 0.0%** | **India 0.0%** | **India 0.0%** | **India 0.0%** |
| 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>  |
| 08/05/2026 | &nbsp;&nbsp; 3.375% | 860000 | &nbsp;&nbsp; 857356 |
| 02/01/2028 | &nbsp;&nbsp; 3.875% | 1025000 | &nbsp;&nbsp; 1021255 |
| 01/13/2031 | &nbsp;&nbsp; 2.250% | 1030000 | &nbsp;&nbsp; 939043 |
| Indian Railway Finance Corp., Ltd.<sup>(b)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(b)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(b)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(b)</sup>  |
| 01/21/2032 | &nbsp;&nbsp; 3.570% | 1110000 | &nbsp;&nbsp; 1065777 |
| Power Finance Corp., Ltd.<sup>(b)</sup>  | Power Finance Corp., Ltd.<sup>(b)</sup>  | Power Finance Corp., Ltd.<sup>(b)</sup>  | Power Finance Corp., Ltd.<sup>(b)</sup>  |
| 12/06/2028 | &nbsp;&nbsp; 6.150% | 546000 | &nbsp;&nbsp; 572448 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4455879** |
| **Indonesia 0.0%** | **Indonesia 0.0%** | **Indonesia 0.0%** | **Indonesia 0.0%** |
| Freeport Indonesia PT<sup>(b)</sup>  | Freeport Indonesia PT<sup>(b)</sup>  | Freeport Indonesia PT<sup>(b)</sup>  | Freeport Indonesia PT<sup>(b)</sup>  |
| 04/14/2032 | &nbsp;&nbsp; 5.315% | 545000 | &nbsp;&nbsp; 557297 |
| Indonesia Government International Bond<sup>(b)</sup>  | Indonesia Government International Bond<sup>(b)</sup>  | Indonesia Government International Bond<sup>(b)</sup>  | Indonesia Government International Bond<sup>(b)</sup>  |
| 01/17/2038 | &nbsp;&nbsp; 7.750% | 1000000 | &nbsp;&nbsp; 1240664 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1797961** |
| **Israel 0.0%** | **Israel 0.0%** | **Israel 0.0%** | **Israel 0.0%** |
| Israel Electric Corp., Ltd.<sup>(b)</sup>  | Israel Electric Corp., Ltd.<sup>(b)</sup>  | Israel Electric Corp., Ltd.<sup>(b)</sup>  | Israel Electric Corp., Ltd.<sup>(b)</sup>  |
| 08/14/2028 | &nbsp;&nbsp; 4.250% | 2200000 | &nbsp;&nbsp; 2182792 |
| Israel Government International Bond | Israel Government International Bond | Israel Government International Bond | Israel Government International Bond |
| 02/19/2030 | &nbsp;&nbsp; 5.375% | 590000 | &nbsp;&nbsp; 610807 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2793599** |
| **Italy 0.0%** | **Italy 0.0%** | **Italy 0.0%** | **Italy 0.0%** |
| Cassa Depositi e Prestiti SpA<sup>(b)</sup>  | Cassa Depositi e Prestiti SpA<sup>(b)</sup>  | Cassa Depositi e Prestiti SpA<sup>(b)</sup>  | Cassa Depositi e Prestiti SpA<sup>(b)</sup>  |
| 05/05/2026 | &nbsp;&nbsp; 5.750% | 1200000 | &nbsp;&nbsp; 1203383 |
| 04/30/2029 | &nbsp;&nbsp; 5.875% | 600000 | &nbsp;&nbsp; 634486 |
| Republic of Italy Government International Bond | Republic of Italy Government International Bond | Republic of Italy Government International Bond | Republic of Italy Government International Bond |
| 05/06/2051 | &nbsp;&nbsp; 3.875% | 1200000 | &nbsp;&nbsp; 915068 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2752937** |
| **Ivory Coast 0.0%** | **Ivory Coast 0.0%** | **Ivory Coast 0.0%** | **Ivory Coast 0.0%** |
| 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>  |
| 02/25/2041 | &nbsp;&nbsp; 6.750% | 4240000 | &nbsp;&nbsp; 4044249 |
| **Kazakhstan 0.0%** | **Kazakhstan 0.0%** | **Kazakhstan 0.0%** | **Kazakhstan 0.0%** |
| 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>  |
| 04/19/2027 | &nbsp;&nbsp; 4.750% | 300000 | &nbsp;&nbsp; 300850 |
| 04/24/2030 | &nbsp;&nbsp; 5.375% | 962000 | &nbsp;&nbsp; 989342 |
| 04/14/2033 | &nbsp;&nbsp; 3.500% | 703000 | &nbsp;&nbsp; 645854 |
| KazTransGas JSC<sup>(b)</sup>  | KazTransGas JSC<sup>(b)</sup>  | KazTransGas JSC<sup>(b)</sup>  | KazTransGas JSC<sup>(b)</sup>  |
| 09/26/2027 | &nbsp;&nbsp; 4.375% | 200000 | &nbsp;&nbsp; 199608 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2135654** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Mexico 0.4%** | **Mexico 0.4%** | **Mexico 0.4%** | **Mexico 0.4%** | **Mexico 0.4%** |
| 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>  |
| 05/15/2029 | &nbsp;&nbsp; 4.688% |  | 2797000 | &nbsp;&nbsp; 2794678 |
| 01/24/2030 | &nbsp;&nbsp; 5.700% |  | 1425000 | &nbsp;&nbsp; 1460316 |
| 01/24/2035 | &nbsp;&nbsp; 6.450% |  | 1975000 | &nbsp;&nbsp; 2041696 |
| Eagle Funding Luxco Sarl<sup>(b)</sup>  | Eagle Funding Luxco Sarl<sup>(b)</sup>  | Eagle Funding Luxco Sarl<sup>(b)</sup>  | Eagle Funding Luxco Sarl<sup>(b)</sup>  | Eagle Funding Luxco Sarl<sup>(b)</sup>  |
| 08/17/2030 | &nbsp;&nbsp; 5.500% |  | 2825000 | &nbsp;&nbsp; 2880247 |
| Mexico City Airport Trust<sup>(b)</sup>  | Mexico City Airport Trust<sup>(b)</sup>  | Mexico City Airport Trust<sup>(b)</sup>  | Mexico City Airport Trust<sup>(b)</sup>  | Mexico City Airport Trust<sup>(b)</sup>  |
| 10/31/2026 | &nbsp;&nbsp; 4.250% |  | 1435000 | &nbsp;&nbsp; 1433427 |
| 04/30/2028 | &nbsp;&nbsp; 3.875% |  | 420000 | &nbsp;&nbsp; 414261 |
| 10/31/2046 | &nbsp;&nbsp; 5.500% |  | 2303000 | &nbsp;&nbsp; 2027551 |
| 07/31/2047 | &nbsp;&nbsp; 5.500% |  | 5582000 | &nbsp;&nbsp; 4873884 |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 04/27/2032 | &nbsp;&nbsp; 4.750% |  | 250000 | &nbsp;&nbsp; 245780 |
| 03/22/2033 | &nbsp;&nbsp; 5.375% |  | 3885000 | &nbsp;&nbsp; 3894642 |
| 05/19/2033 | &nbsp;&nbsp; 4.875% |  | 987000 | &nbsp;&nbsp; 959775 |
| 02/09/2035 | &nbsp;&nbsp; 6.350% |  | 470000 | &nbsp;&nbsp; 495852 |
| 09/22/2035 | &nbsp;&nbsp; 5.625% |  | 2309000 | &nbsp;&nbsp; 2309138 |
| 05/13/2037 | &nbsp;&nbsp; 6.875% |  | 2117000 | &nbsp;&nbsp; 2289165 |
| 01/29/2038 | &nbsp;&nbsp; 6.625% |  | 978000 | &nbsp;&nbsp; 1033228 |
| 05/13/2055 | &nbsp;&nbsp; 7.375% |  | 734000 | &nbsp;&nbsp; 805151 |
| Pemex Project Funding Master Trust | Pemex Project Funding Master Trust | Pemex Project Funding Master Trust | Pemex Project Funding Master Trust | Pemex Project Funding Master Trust |
| 06/15/2038 | &nbsp;&nbsp; 6.625% |  | 229000 | &nbsp;&nbsp; 214957 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| 01/23/2029 | &nbsp;&nbsp; 6.500% |  | 625000 | &nbsp;&nbsp; 638792 |
| 06/02/2029 | &nbsp;&nbsp; 8.750% |  | 3000000 | &nbsp;&nbsp; 3228178 |
| 01/23/2030 | &nbsp;&nbsp; 6.840% |  | 5260000 | &nbsp;&nbsp; 5399219 |
| 01/28/2031 | &nbsp;&nbsp; 5.950% |  | 3025000 | &nbsp;&nbsp; 2961680 |
| 02/16/2032 | &nbsp;&nbsp; 6.700% |  | 6281000 | &nbsp;&nbsp; 6302761 |
| 02/07/2033 | &nbsp;&nbsp; 10.000% |  | 910000 | &nbsp;&nbsp; 1063377 |
| 06/15/2035 | &nbsp;&nbsp; 6.625% |  | 900000 | &nbsp;&nbsp; 861095 |
| 09/21/2047 | &nbsp;&nbsp; 6.750% |  | 1257000 | &nbsp;&nbsp; 1044321 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **51673171** |
| **Morocco 0.0%** | **Morocco 0.0%** | **Morocco 0.0%** | **Morocco 0.0%** | **Morocco 0.0%** |
| 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>  |
| 06/23/2031 | &nbsp;&nbsp; 3.750% |  | 357000 | &nbsp;&nbsp; 336741 |
| 05/02/2034 | &nbsp;&nbsp; 6.750% |  | 4695000 | &nbsp;&nbsp; 5096025 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5432766** |
| **Netherlands 0.0%** | **Netherlands 0.0%** | **Netherlands 0.0%** | **Netherlands 0.0%** | **Netherlands 0.0%** |
| TenneT Holding BV<sup>(b)</sup>  | TenneT Holding BV<sup>(b)</sup>  | TenneT Holding BV<sup>(b)</sup>  | TenneT Holding BV<sup>(b)</sup>  | TenneT Holding BV<sup>(b)</sup>  |
| 10/28/2042 | &nbsp;&nbsp; 4.750% | EUR | 1035000 | &nbsp;&nbsp; 1358657 |
| **Norway 0.0%** | **Norway 0.0%** | **Norway 0.0%** | **Norway 0.0%** | **Norway 0.0%** |
| Equinor ASA | Equinor ASA | Equinor ASA | Equinor ASA | Equinor ASA |
| 09/03/2030 | &nbsp;&nbsp; 4.500% |  | 787000 | &nbsp;&nbsp; 803952 |
| 11/14/2035 | &nbsp;&nbsp; 4.750% |  | 2965000 | &nbsp;&nbsp; 2982460 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **3786412** |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** | **Foreign Government Obligations**<sup>(a),(p)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Panama 0.0%** | **Panama 0.0%** | **Panama 0.0%** | **Panama 0.0%** |
| Banco Nacional de Panama<sup>(b)</sup>  | Banco Nacional de Panama<sup>(b)</sup>  | Banco Nacional de Panama<sup>(b)</sup>  | Banco Nacional de Panama<sup>(b)</sup>  |
| 08/11/2030 | &nbsp;&nbsp; 2.500% | 875000 | &nbsp;&nbsp; 788777 |
| 08/11/2030 | &nbsp;&nbsp; 2.500% | 600000 | &nbsp;&nbsp; 540875 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1329652** |
| **Peru 0.0%** | **Peru 0.0%** | **Peru 0.0%** | **Peru 0.0%** |
| Corporación Financiera de Desarrollo SA<sup>(b)</sup>  | Corporación Financiera de Desarrollo SA<sup>(b)</sup>  | Corporación Financiera de Desarrollo SA<sup>(b)</sup>  | Corporación Financiera de Desarrollo SA<sup>(b)</sup>  |
| 09/28/2027 | &nbsp;&nbsp; 2.400% | 600000 | &nbsp;&nbsp; 585721 |
| Petroleos del Peru SA<sup>(b)</sup>  | Petroleos del Peru SA<sup>(b)</sup>  | Petroleos del Peru SA<sup>(b)</sup>  | Petroleos del Peru SA<sup>(b)</sup>  |
| 06/19/2032 | &nbsp;&nbsp; 4.750% | 2100000 | &nbsp;&nbsp; 1540133 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2125854** |
| **Romania 0.1%** | **Romania 0.1%** | **Romania 0.1%** | **Romania 0.1%** |
| 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>  |
| 09/16/2030 | &nbsp;&nbsp; 5.750% | 3620000 | &nbsp;&nbsp; 3762028 |
| 03/24/2035 | &nbsp;&nbsp; 5.750% | 2122000 | &nbsp;&nbsp; 2143969 |
| 03/24/2035 | &nbsp;&nbsp; 5.750% | 200000 | &nbsp;&nbsp; 202071 |
| 05/16/2036 | &nbsp;&nbsp; 6.625% | 4338000 | &nbsp;&nbsp; 4616659 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **10724727** |
| **Serbia 0.1%** | **Serbia 0.1%** | **Serbia 0.1%** | **Serbia 0.1%** |
| Serbia International Bond<sup>(b)</sup>  | Serbia International Bond<sup>(b)</sup>  | Serbia International Bond<sup>(b)</sup>  | Serbia International Bond<sup>(b)</sup>  |
| 12/01/2030 | &nbsp;&nbsp; 2.125% | 6640000 | &nbsp;&nbsp; 5909983 |
| **South Africa 0.1%** | **South Africa 0.1%** | **South Africa 0.1%** | **South Africa 0.1%** |
| Eskom Holdings SOC Ltd.<sup>(b)</sup>  | Eskom Holdings SOC Ltd.<sup>(b)</sup>  | Eskom Holdings SOC Ltd.<sup>(b)</sup>  | Eskom Holdings SOC Ltd.<sup>(b)</sup>  |
| 08/10/2028 | &nbsp;&nbsp; 6.350% | 1739000 | &nbsp;&nbsp; 1793262 |
| 08/10/2028 | &nbsp;&nbsp; 6.350% | 213000 | &nbsp;&nbsp; 219646 |
| 08/10/2028 | &nbsp;&nbsp; 8.450% | 3985000 | &nbsp;&nbsp; 4266558 |
| 08/10/2028 | &nbsp;&nbsp; 8.450% | 451000 | &nbsp;&nbsp; 482865 |
| 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 |
| 06/22/2030 | &nbsp;&nbsp; 5.875% | 750000 | &nbsp;&nbsp; 776730 |
| 04/20/2032 | &nbsp;&nbsp; 5.875% | 2300000 | &nbsp;&nbsp; 2379252 |
| 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>  |
| 11/19/2036 | &nbsp;&nbsp; 7.100% | 1875000 | &nbsp;&nbsp; 2017964 |
| 11/19/2054 | &nbsp;&nbsp; 7.950% | 925000 | &nbsp;&nbsp; 999201 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **12935478** |
| Total Foreign Government Obligations <br>(Cost $218,618,851) | Total Foreign Government Obligations <br>(Cost $218,618,851) | Total Foreign Government Obligations <br>(Cost $218,618,851) | &nbsp;&nbsp; **225020315** |
| **Municipal Bonds 0.2%** | **Municipal Bonds 0.2%** | **Municipal Bonds 0.2%** | **Municipal Bonds 0.2%** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Higher Education 0.1%** | **Higher Education 0.1%** | **Higher Education 0.1%** | **Higher Education 0.1%** |
| University of Michigan | University of Michigan | University of Michigan | University of Michigan |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Taxable | Taxable | Taxable | Taxable |
| Series 2022A | Series 2022A | Series 2022A | Series 2022A |
| 04/01/2122 | &nbsp;&nbsp; 4.454% | 4020000 | &nbsp;&nbsp; 3295554 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** | **Municipal Bonds (continued)** |
| **Issue Description** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| University of Virginia | University of Virginia | University of Virginia | University of Virginia |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Taxable | Taxable | Taxable | Taxable |
| Series 2021B | Series 2021B | Series 2021B | Series 2021B |
| 11/01/2051 | &nbsp;&nbsp; 2.584% | 2020000 | &nbsp;&nbsp; 1294491 |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Taxable | Taxable | Taxable | Taxable |
| Series 2017C | Series 2017C | Series 2017C | Series 2017C |
| 09/01/2117 | &nbsp;&nbsp; 4.179% | 725000 | &nbsp;&nbsp; 557179 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5147224** |
| **Hospital 0.0%** | **Hospital 0.0%** | **Hospital 0.0%** | **Hospital 0.0%** |
| California Health Facilities Financing Authority | California Health Facilities Financing Authority | California Health Facilities Financing Authority | California Health Facilities Financing Authority |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Cedars-Sinai Health System | Cedars-Sinai Health System | Cedars-Sinai Health System | Cedars-Sinai Health System |
| Series 2021 | Series 2021 | Series 2021 | Series 2021 |
| 08/15/2051 | &nbsp;&nbsp; 3.000% | 1740000 | &nbsp;&nbsp; 1308231 |
| **Local General Obligation 0.0%** | **Local General Obligation 0.0%** | **Local General Obligation 0.0%** | **Local General Obligation 0.0%** |
| City of New York | City of New York | City of New York | City of New York |
| Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds | Unlimited General Obligation Bonds |
| Series 2010 (BAM) | Series 2010 (BAM) | Series 2010 (BAM) | Series 2010 (BAM) |
| 03/01/2036 | &nbsp;&nbsp; 5.968% | 3100000 | &nbsp;&nbsp; 3290694 |
| **Special Non Property Tax 0.1%** | **Special Non Property Tax 0.1%** | **Special Non Property Tax 0.1%** | **Special Non Property Tax 0.1%** |
| 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 2020B-3 | Subordinated Series 2020B-3 | Subordinated Series 2020B-3 | Subordinated Series 2020B-3 |
| 08/01/2035 | &nbsp;&nbsp; 2.000% | 3000000 | &nbsp;&nbsp; 2449940 |
| State of Illinois | State of Illinois | State of Illinois | State of Illinois |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Taxable Sales Tax | Taxable Sales Tax | Taxable Sales Tax | Taxable Sales Tax |
| Series 2013 | Series 2013 | Series 2013 | Series 2013 |
| 06/15/2028 | &nbsp;&nbsp; 3.350% | 2500000 | &nbsp;&nbsp; 2470243 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4920183** |
| **Turnpike / Bridge / Toll Road 0.0%** | **Turnpike / Bridge / Toll Road 0.0%** | **Turnpike / Bridge / Toll Road 0.0%** | **Turnpike / Bridge / Toll Road 0.0%** |
| Bay Area Toll Authority | Bay Area Toll Authority | Bay Area Toll Authority | Bay Area Toll Authority |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Series 2009 (BAM) | Series 2009 (BAM) | Series 2009 (BAM) | Series 2009 (BAM) |
| 04/01/2049 | &nbsp;&nbsp; 6.263% | 1920000 | &nbsp;&nbsp; 2084312 |
| Pennsylvania Turnpike Commission | Pennsylvania Turnpike Commission | Pennsylvania Turnpike Commission | Pennsylvania Turnpike Commission |
| Revenue Bonds | Revenue Bonds | Revenue Bonds | Revenue Bonds |
| Build America Bonds | Build America Bonds | Build America Bonds | Build America Bonds |
| Series 2009 | Series 2009 | Series 2009 | Series 2009 |
| 12/01/2039 | &nbsp;&nbsp; 6.105% | 1620000 | &nbsp;&nbsp; 1782338 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3866650** |
| Total Municipal Bonds <br>(Cost $21,811,992) | Total Municipal Bonds <br>(Cost $21,811,992) | Total Municipal Bonds <br>(Cost $21,811,992) | &nbsp;&nbsp; **18532982** |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency 25.2%** | **Residential Mortgage-Backed Securities - Agency 25.2%** | **Residential Mortgage-Backed Securities - Agency 25.2%** | **Residential Mortgage-Backed Securities - Agency 25.2%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Fannie Mae REMICS | Fannie Mae REMICS | Fannie Mae REMICS | Fannie Mae REMICS |
| CMO Series 2011-84 Class Z | CMO Series 2011-84 Class Z | CMO Series 2011-84 Class Z | CMO Series 2011-84 Class Z |
| 09/25/2041 | &nbsp;&nbsp; 5.250% | 1336645 | &nbsp;&nbsp; 1396328 |
| Fannie Mae REMICS<sup>(c),(f)</sup>  | Fannie Mae REMICS<sup>(c),(f)</sup>  | Fannie Mae REMICS<sup>(c),(f)</sup>  | Fannie Mae REMICS<sup>(c),(f)</sup>  |
| CMO Series 2016-78 Class CS | CMO Series 2016-78 Class CS | CMO Series 2016-78 Class CS | CMO Series 2016-78 Class CS |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>05/25/2039<br>| &nbsp;&nbsp; 2.318% | 10170284 | &nbsp;&nbsp; 737225 |
| CMO Series 2018-67 Class SH | CMO Series 2018-67 Class SH | CMO Series 2018-67 Class SH | CMO Series 2018-67 Class SH |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>09/25/2048<br>| &nbsp;&nbsp; 2.418% | 3642283 | &nbsp;&nbsp; 499431 |
| Fannie Mae REMICS<sup>(f)</sup>  | Fannie Mae REMICS<sup>(f)</sup>  | Fannie Mae REMICS<sup>(f)</sup>  | Fannie Mae REMICS<sup>(f)</sup>  |
| CMO Series 2020-58 Class IC | CMO Series 2020-58 Class IC | CMO Series 2020-58 Class IC | CMO Series 2020-58 Class IC |
| 07/25/2050 | &nbsp;&nbsp; 5.500% | 3306997 | &nbsp;&nbsp; 814087 |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 10/01/2028- <br>07/01/2032<br>| &nbsp;&nbsp; 7.000% | 45332 | &nbsp;&nbsp; 47541 |
| 10/01/2031- <br>09/01/2054<br>| &nbsp;&nbsp; 6.000% | 3980771 | &nbsp;&nbsp; 4092180 |
| 04/01/2033- <br>06/01/2055<br>| &nbsp;&nbsp; 5.500% | 80737072 | &nbsp;&nbsp; 82775682 |
| 10/01/2039- <br>12/01/2054<br>| &nbsp;&nbsp; 5.000% | 51501974 | &nbsp;&nbsp; 51878548 |
| 03/01/2041- <br>12/01/2054<br>| &nbsp;&nbsp; 4.500% | 94190177 | &nbsp;&nbsp; 93558479 |
| 01/01/2042- <br>12/01/2052<br>| &nbsp;&nbsp; 4.000% | 90022870 | &nbsp;&nbsp; 87794196 |
| 06/01/2043- <br>03/01/2052<br>| &nbsp;&nbsp; 3.500% | 34176028 | &nbsp;&nbsp; 32777067 |
| 08/01/2046- <br>06/01/2052<br>| &nbsp;&nbsp; 3.000% | 69757016 | &nbsp;&nbsp; 63741876 |
| 06/01/2050- <br>01/01/2054<br>| &nbsp;&nbsp; 2.500% | 238682375 | &nbsp;&nbsp; 208819320 |
| 12/01/2050- <br>04/01/2052<br>| &nbsp;&nbsp; 2.000% | 65315300 | &nbsp;&nbsp; 54382014 |
| 08/01/2055 | &nbsp;&nbsp; 6.500% | 4775009 | &nbsp;&nbsp; 4957408 |
| CMO Series 2060 Class Z | CMO Series 2060 Class Z | CMO Series 2060 Class Z | CMO Series 2060 Class Z |
| 05/15/2028 | &nbsp;&nbsp; 6.500% | 13660 | &nbsp;&nbsp; 13867 |
| CMO Series 2310 Class Z | CMO Series 2310 Class Z | CMO Series 2310 Class Z | CMO Series 2310 Class Z |
| 04/15/2031 | &nbsp;&nbsp; 6.000% | 17344 | &nbsp;&nbsp; 17855 |
| CMO Series 2725 Class TA | CMO Series 2725 Class TA | CMO Series 2725 Class TA | CMO Series 2725 Class TA |
| 12/15/2033 | &nbsp;&nbsp; 4.500% | 1020579 | &nbsp;&nbsp; 1033679 |
| CMO Series 2882 Class ZC | CMO Series 2882 Class ZC | CMO Series 2882 Class ZC | CMO Series 2882 Class ZC |
| 11/15/2034 | &nbsp;&nbsp; 6.000% | 1961217 | &nbsp;&nbsp; 2078573 |
| CMO Series 2953 Class LZ | CMO Series 2953 Class LZ | CMO Series 2953 Class LZ | CMO Series 2953 Class LZ |
| 03/15/2035 | &nbsp;&nbsp; 6.000% | 1464952 | &nbsp;&nbsp; 1552090 |
| CMO Series 3028 Class ZE | CMO Series 3028 Class ZE | CMO Series 3028 Class ZE | CMO Series 3028 Class ZE |
| 09/15/2035 | &nbsp;&nbsp; 5.500% | 174753 | &nbsp;&nbsp; 178744 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 3032 Class PZ | CMO Series 3032 Class PZ | CMO Series 3032 Class PZ | CMO Series 3032 Class PZ |
| 09/15/2035 | &nbsp;&nbsp; 5.800% | 423625 | &nbsp;&nbsp; 448893 |
| CMO Series 3121 Class EZ | CMO Series 3121 Class EZ | CMO Series 3121 Class EZ | CMO Series 3121 Class EZ |
| 03/15/2036 | &nbsp;&nbsp; 6.000% | 47983 | &nbsp;&nbsp; 50607 |
| CMO Series 3181 Class AZ | CMO Series 3181 Class AZ | CMO Series 3181 Class AZ | CMO Series 3181 Class AZ |
| 07/15/2036 | &nbsp;&nbsp; 6.500% | 20025 | &nbsp;&nbsp; 21371 |
| CMO Series 353 Class 300 | CMO Series 353 Class 300 | CMO Series 353 Class 300 | CMO Series 353 Class 300 |
| 12/15/2046 | &nbsp;&nbsp; 3.000% | 4176277 | &nbsp;&nbsp; 3918137 |
| CMO Series 3740 Class BA | CMO Series 3740 Class BA | CMO Series 3740 Class BA | CMO Series 3740 Class BA |
| 10/15/2040 | &nbsp;&nbsp; 4.000% | 893042 | &nbsp;&nbsp; 882534 |
| CMO Series 3747 Class HY | CMO Series 3747 Class HY | CMO Series 3747 Class HY | CMO Series 3747 Class HY |
| 10/15/2040 | &nbsp;&nbsp; 4.500% | 2292601 | &nbsp;&nbsp; 2327999 |
| CMO Series 3753 Class KZ | CMO Series 3753 Class KZ | CMO Series 3753 Class KZ | CMO Series 3753 Class KZ |
| 11/15/2040 | &nbsp;&nbsp; 4.500% | 3888094 | &nbsp;&nbsp; 3943426 |
| CMO Series 3769 Class ZC | CMO Series 3769 Class ZC | CMO Series 3769 Class ZC | CMO Series 3769 Class ZC |
| 12/15/2040 | &nbsp;&nbsp; 4.500% | 1895581 | &nbsp;&nbsp; 1923171 |
| CMO Series 3841 Class JZ | CMO Series 3841 Class JZ | CMO Series 3841 Class JZ | CMO Series 3841 Class JZ |
| 04/15/2041 | &nbsp;&nbsp; 5.000% | 179844 | &nbsp;&nbsp; 185069 |
| CMO Series 3888 Class ZG | CMO Series 3888 Class ZG | CMO Series 3888 Class ZG | CMO Series 3888 Class ZG |
| 07/15/2041 | &nbsp;&nbsp; 4.000% | 368943 | &nbsp;&nbsp; 363054 |
| CMO Series 3926 Class NY | CMO Series 3926 Class NY | CMO Series 3926 Class NY | CMO Series 3926 Class NY |
| 09/15/2041 | &nbsp;&nbsp; 4.000% | 310039 | &nbsp;&nbsp; 309982 |
| CMO Series 3928 Class MB | CMO Series 3928 Class MB | CMO Series 3928 Class MB | CMO Series 3928 Class MB |
| 09/15/2041 | &nbsp;&nbsp; 4.500% | 688173 | &nbsp;&nbsp; 696386 |
| CMO Series 3934 Class CB | CMO Series 3934 Class CB | CMO Series 3934 Class CB | CMO Series 3934 Class CB |
| 10/15/2041 | &nbsp;&nbsp; 4.000% | 2171362 | &nbsp;&nbsp; 2149012 |
| CMO Series 3982 Class TZ | CMO Series 3982 Class TZ | CMO Series 3982 Class TZ | CMO Series 3982 Class TZ |
| 01/15/2042 | &nbsp;&nbsp; 4.000% | 841295 | &nbsp;&nbsp; 837191 |
| CMO Series 4027 Class AB | CMO Series 4027 Class AB | CMO Series 4027 Class AB | CMO Series 4027 Class AB |
| 12/15/2040 | &nbsp;&nbsp; 4.000% | 892331 | &nbsp;&nbsp; 892858 |
| CMO Series 4057 Class ZB | CMO Series 4057 Class ZB | CMO Series 4057 Class ZB | CMO Series 4057 Class ZB |
| 06/15/2042 | &nbsp;&nbsp; 3.500% | 4444221 | &nbsp;&nbsp; 4291201 |
| CMO Series 4057 Class ZL | CMO Series 4057 Class ZL | CMO Series 4057 Class ZL | CMO Series 4057 Class ZL |
| 06/15/2042 | &nbsp;&nbsp; 3.500% | 4801887 | &nbsp;&nbsp; 4654699 |
| CMO Series 4091 Class KB | CMO Series 4091 Class KB | CMO Series 4091 Class KB | CMO Series 4091 Class KB |
| 08/15/2042 | &nbsp;&nbsp; 3.000% | 6500000 | &nbsp;&nbsp; 6258907 |
| CMO Series 4440 Class ZX | CMO Series 4440 Class ZX | CMO Series 4440 Class ZX | CMO Series 4440 Class ZX |
| 01/15/2045 | &nbsp;&nbsp; 4.000% | 12662051 | &nbsp;&nbsp; 12405197 |
| CMO Series 4463 Class ZA | CMO Series 4463 Class ZA | CMO Series 4463 Class ZA | CMO Series 4463 Class ZA |
| 04/15/2045 | &nbsp;&nbsp; 4.000% | 3593489 | &nbsp;&nbsp; 3523245 |
| CMO Series 4495 Class PA | CMO Series 4495 Class PA | CMO Series 4495 Class PA | CMO Series 4495 Class PA |
| 09/15/2043 | &nbsp;&nbsp; 3.500% | 67029 | &nbsp;&nbsp; 66827 |
| CMO Series 4682 Class HZ | CMO Series 4682 Class HZ | CMO Series 4682 Class HZ | CMO Series 4682 Class HZ |
| 04/15/2047 | &nbsp;&nbsp; 3.500% | 2482367 | &nbsp;&nbsp; 2367049 |
| CMO Series 4771 Class HZ | CMO Series 4771 Class HZ | CMO Series 4771 Class HZ | CMO Series 4771 Class HZ |
| 03/15/2048 | &nbsp;&nbsp; 3.500% | 10403976 | &nbsp;&nbsp; 9815824 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 4787 Class PY | CMO Series 4787 Class PY | CMO Series 4787 Class PY | CMO Series 4787 Class PY |
| 05/15/2048 | &nbsp;&nbsp; 4.000% | 835736 | &nbsp;&nbsp; 820555 |
| CMO Series 4793 Class CD | CMO Series 4793 Class CD | CMO Series 4793 Class CD | CMO Series 4793 Class CD |
| 06/15/2048 | &nbsp;&nbsp; 3.000% | 719111 | &nbsp;&nbsp; 660494 |
| CMO Series 4839 Class A | CMO Series 4839 Class A | CMO Series 4839 Class A | CMO Series 4839 Class A |
| 04/15/2051 | &nbsp;&nbsp; 4.000% | 2139171 | &nbsp;&nbsp; 2094230 |
| CMO Series 4941 Class CZ | CMO Series 4941 Class CZ | CMO Series 4941 Class CZ | CMO Series 4941 Class CZ |
| 11/25/2049 | &nbsp;&nbsp; 3.000% | 1071038 | &nbsp;&nbsp; 974879 |
| Federal Home Loan Mortgage Corp.<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(c),(f)</sup>  |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>11/15/2043<br>| &nbsp;&nbsp; 2.327% | 8262456 | &nbsp;&nbsp; 850416 |
| CMO Series 2013-4258 Class SJ | CMO Series 2013-4258 Class SJ | CMO Series 2013-4258 Class SJ | CMO Series 2013-4258 Class SJ |
| -1.0 x 30-day Average SOFR + <br> 6.536% <br>Cap 6.650% <br>10/15/2043<br>| &nbsp;&nbsp; 2.877% | 2356692 | &nbsp;&nbsp; 402812 |
| CMO Series 2014-4313 Class MS | CMO Series 2014-4313 Class MS | CMO Series 2014-4313 Class MS | CMO Series 2014-4313 Class MS |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>04/15/2039<br>| &nbsp;&nbsp; 2.377% | 2814591 | &nbsp;&nbsp; 271901 |
| CMO Series 264 Class S1 | CMO Series 264 Class S1 | CMO Series 264 Class S1 | CMO Series 264 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.836% <br>Cap 5.950% <br>07/15/2042<br>| &nbsp;&nbsp; 2.177% | 4639757 | &nbsp;&nbsp; 490854 |
| CMO Series 274 Class S1 | CMO Series 274 Class S1 | CMO Series 274 Class S1 | CMO Series 274 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>08/15/2042<br>| &nbsp;&nbsp; 2.227% | 5934323 | &nbsp;&nbsp; 669199 |
| CMO Series 279 Class S6 | CMO Series 279 Class S6 | CMO Series 279 Class S6 | CMO Series 279 Class S6 |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>09/15/2042<br>| &nbsp;&nbsp; 2.277% | 4118132 | &nbsp;&nbsp; 481290 |
| CMO Series 299 Class S1 | CMO Series 299 Class S1 | CMO Series 299 Class S1 | CMO Series 299 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>01/15/2043<br>| &nbsp;&nbsp; 2.227% | 2399319 | &nbsp;&nbsp; 304855 |
| CMO Series 300 Class S1 | CMO Series 300 Class S1 | CMO Series 300 Class S1 | CMO Series 300 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>01/15/2043<br>| &nbsp;&nbsp; 2.327% | 6157582 | &nbsp;&nbsp; 729112 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 326 Class S2 | CMO Series 326 Class S2 | CMO Series 326 Class S2 | CMO Series 326 Class S2 |
| -1.0 x 30-day Average SOFR + <br> 5.836% <br>Cap 5.950% <br>03/15/2044<br>| &nbsp;&nbsp; 2.177% | 10014615 | &nbsp;&nbsp; 1114092 |
| CMO Series 336 Class 30 | CMO Series 336 Class 30 | CMO Series 336 Class 30 | CMO Series 336 Class 30 |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>08/15/2044<br>| &nbsp;&nbsp; 2.277% | 4235536 | &nbsp;&nbsp; 492866 |
| CMO Series 3404 Class AS | CMO Series 3404 Class AS | CMO Series 3404 Class AS | CMO Series 3404 Class AS |
| -1.0 x 30-day Average SOFR + <br> 5.781% <br>Cap 5.895% <br>01/15/2038<br>| &nbsp;&nbsp; 2.122% | 1056995 | &nbsp;&nbsp; 111091 |
| CMO Series 3578 Class DI | CMO Series 3578 Class DI | CMO Series 3578 Class DI | CMO Series 3578 Class DI |
| -1.0 x 30-day Average SOFR + <br> 6.536% <br>Cap 6.650% <br>04/15/2036<br>| &nbsp;&nbsp; 2.877% | 1452594 | &nbsp;&nbsp; 129602 |
| CMO Series 3833 Class LI | CMO Series 3833 Class LI | CMO Series 3833 Class LI | CMO Series 3833 Class LI |
| -1.0 x 30-day Average SOFR + <br> 0.286% <br>10/15/2040<br>| &nbsp;&nbsp; 2.209% | 3356175 | &nbsp;&nbsp; 332869 |
| CMO Series 3892 Class SC | CMO Series 3892 Class SC | CMO Series 3892 Class SC | CMO Series 3892 Class SC |
| -1.0 x 30-day Average SOFR + <br> 5.836% <br>Cap 5.950% <br>07/15/2041<br>| &nbsp;&nbsp; 2.177% | 2139969 | &nbsp;&nbsp; 236775 |
| CMO Series 3997 Class SK | CMO Series 3997 Class SK | CMO Series 3997 Class SK | CMO Series 3997 Class SK |
| -1.0 x 30-day Average SOFR + <br> 6.486% <br>Cap 6.600% <br>11/15/2041<br>| &nbsp;&nbsp; 2.827% | 1942599 | &nbsp;&nbsp; 171110 |
| CMO Series 4087 Class SC | CMO Series 4087 Class SC | CMO Series 4087 Class SC | CMO Series 4087 Class SC |
| -1.0 x 30-day Average SOFR + <br> 5.436% <br>Cap 5.550% <br>07/15/2042<br>| &nbsp;&nbsp; 1.777% | 2872067 | &nbsp;&nbsp; 243513 |
| CMO Series 4281 Class SA | CMO Series 4281 Class SA | CMO Series 4281 Class SA | CMO Series 4281 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>12/15/2043<br>| &nbsp;&nbsp; 2.327% | 4715435 | &nbsp;&nbsp; 448370 |
| CMO Series 4635 Class SE | CMO Series 4635 Class SE | CMO Series 4635 Class SE | CMO Series 4635 Class SE |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>12/15/2046<br>| &nbsp;&nbsp; 2.327% | 6636958 | &nbsp;&nbsp; 428165 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 4910 Class SG | CMO Series 4910 Class SG | CMO Series 4910 Class SG | CMO Series 4910 Class SG |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>09/25/2049<br>| &nbsp;&nbsp; 2.268% | 12812516 | &nbsp;&nbsp; 1878406 |
| CMO STRIPS Series 2012-278 Class S1 | CMO STRIPS Series 2012-278 Class S1 | CMO STRIPS Series 2012-278 Class S1 | CMO STRIPS Series 2012-278 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>09/15/2042<br>| &nbsp;&nbsp; 2.277% | 5481064 | &nbsp;&nbsp; 597857 |
| CMO STRIPS Series 337 Class S1 | CMO STRIPS Series 337 Class S1 | CMO STRIPS Series 337 Class S1 | CMO STRIPS Series 337 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>09/15/2044<br>| &nbsp;&nbsp; 2.277% | 7101546 | &nbsp;&nbsp; 800512 |
| Federal Home Loan Mortgage Corp.<sup>(c)</sup>  | Federal Home Loan Mortgage Corp.<sup>(c)</sup>  | Federal Home Loan Mortgage Corp.<sup>(c)</sup>  | Federal Home Loan Mortgage Corp.<sup>(c)</sup>  |
| CMO Series 2380 Class F | CMO Series 2380 Class F | CMO Series 2380 Class F | CMO Series 2380 Class F |
| 30-day Average SOFR + <br> 0.564% <br>Floor 0.450%, Cap 8.500% <br>11/15/2031<br>| &nbsp;&nbsp; 4.223% | 11232 | &nbsp;&nbsp; 11232 |
| CMO Series 2557 Class FG | CMO Series 2557 Class FG | CMO Series 2557 Class FG | CMO Series 2557 Class FG |
| 30-day Average SOFR + <br> 0.514% <br>Floor 0.400%, Cap 8.000% <br>01/15/2033<br>| &nbsp;&nbsp; 4.173% | 27939 | &nbsp;&nbsp; 27931 |
| CMO Series 2962 Class PF | CMO Series 2962 Class PF | CMO Series 2962 Class PF | CMO Series 2962 Class PF |
| 30-day Average SOFR + <br> 0.364% <br>Floor 0.250%, Cap 7.000% <br>03/15/2035<br>| &nbsp;&nbsp; 4.023% | 8996 | &nbsp;&nbsp; 8991 |
| CMO Series 2981 Class FU | CMO Series 2981 Class FU | CMO Series 2981 Class FU | CMO Series 2981 Class FU |
| 30-day Average SOFR + <br> 0.314% <br>Floor 0.200%, Cap 8.000% <br>05/15/2030<br>| &nbsp;&nbsp; 3.973% | 87747 | &nbsp;&nbsp; 87402 |
| CMO Series 3065 Class EB | CMO Series 3065 Class EB | CMO Series 3065 Class EB | CMO Series 3065 Class EB |
| -3.0 x 30-day Average SOFR + <br> 19.547% <br>Cap 19.890% <br>11/15/2035<br>| &nbsp;&nbsp; 8.572% | 213404 | &nbsp;&nbsp; 237152 |
| CMO Series 3081 Class GC | CMO Series 3081 Class GC | CMO Series 3081 Class GC | CMO Series 3081 Class GC |
| -3.7 x 30-day Average SOFR + <br> 23.414% <br>Cap 23.833% <br>12/15/2035<br>| &nbsp;&nbsp; 10.000% | 333430 | &nbsp;&nbsp; 386164 |
| CMO Series 3085 Class FV | CMO Series 3085 Class FV | CMO Series 3085 Class FV | CMO Series 3085 Class FV |
| 30-day Average SOFR + <br> 0.814% <br>Floor 0.700%, Cap 8.000% <br>08/15/2035<br>| &nbsp;&nbsp; 4.473% | 285745 | &nbsp;&nbsp; 287395 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 3564 Class FC | CMO Series 3564 Class FC | CMO Series 3564 Class FC | CMO Series 3564 Class FC |
| 30-day Average SOFR + <br> 1.364% <br>Floor 1.250%, Cap 6.500% <br>01/15/2037<br>| &nbsp;&nbsp; 5.033% | 134505 | &nbsp;&nbsp; 137394 |
| CMO Series 3680 Class FA | CMO Series 3680 Class FA | CMO Series 3680 Class FA | CMO Series 3680 Class FA |
| 30-day Average SOFR + <br> 1.114% <br>Floor 1.000%, Cap 6.000% <br>06/15/2040<br>| &nbsp;&nbsp; 4.773% | 384516 | &nbsp;&nbsp; 389560 |
| CMO Series 3852 Class QN | CMO Series 3852 Class QN | CMO Series 3852 Class QN | CMO Series 3852 Class QN |
| -3.6 x 30-day Average SOFR + <br> 26.796% <br>Cap 5.500% <br>05/15/2041<br>| &nbsp;&nbsp; 5.500% | 13122 | &nbsp;&nbsp; 12716 |
| Federal Home Loan Mortgage Corp.<sup>(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(f)</sup>  |
| CMO Series 303 Class C21 | CMO Series 303 Class C21 | CMO Series 303 Class C21 | CMO Series 303 Class C21 |
| 01/15/2043 | &nbsp;&nbsp; 4.000% | 7438271 | &nbsp;&nbsp; 1125145 |
| CMO Series 303 Class C30 | CMO Series 303 Class C30 | CMO Series 303 Class C30 | CMO Series 303 Class C30 |
| 12/15/2042 | &nbsp;&nbsp; 4.500% | 4857426 | &nbsp;&nbsp; 701113 |
| CMO Series 364 Class C15 | CMO Series 364 Class C15 | CMO Series 364 Class C15 | CMO Series 364 Class C15 |
| 12/15/2046 | &nbsp;&nbsp; 3.500% | 3241697 | &nbsp;&nbsp; 481440 |
| CMO Series 4146 Class IA | CMO Series 4146 Class IA | CMO Series 4146 Class IA | CMO Series 4146 Class IA |
| 12/15/2032 | &nbsp;&nbsp; 3.500% | 2757864 | &nbsp;&nbsp; 208050 |
| CMO Series 4186 Class IB | CMO Series 4186 Class IB | CMO Series 4186 Class IB | CMO Series 4186 Class IB |
| 03/15/2033 | &nbsp;&nbsp; 3.000% | 2685569 | &nbsp;&nbsp; 175366 |
| CMO Series 4627 Class PI | CMO Series 4627 Class PI | CMO Series 4627 Class PI | CMO Series 4627 Class PI |
| 05/15/2044 | &nbsp;&nbsp; 3.500% | 615872 | &nbsp;&nbsp; 8502 |
| CMO Series 4698 Class BI | CMO Series 4698 Class BI | CMO Series 4698 Class BI | CMO Series 4698 Class BI |
| 07/15/2047 | &nbsp;&nbsp; 5.000% | 8520132 | &nbsp;&nbsp; 1588102 |
| CMO Series 5048 Class HI | CMO Series 5048 Class HI | CMO Series 5048 Class HI | CMO Series 5048 Class HI |
| 01/15/2042 | &nbsp;&nbsp; 4.500% | 2104730 | &nbsp;&nbsp; 393532 |
| CMO Series 5078 Class NI | CMO Series 5078 Class NI | CMO Series 5078 Class NI | CMO Series 5078 Class NI |
| 06/15/2042 | &nbsp;&nbsp; 4.000% | 2740000 | &nbsp;&nbsp; 424356 |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 11/15/2052 | &nbsp;&nbsp; 4.000% | 6626405 | &nbsp;&nbsp; 1512816 |
| 11/15/2052 | &nbsp;&nbsp; 4.500% | 7746507 | &nbsp;&nbsp; 2021775 |
| Federal Home Loan Mortgage Corp.<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(e),(f)</sup>  |
| CMO Series 351 Class 213 | CMO Series 351 Class 213 | CMO Series 351 Class 213 | CMO Series 351 Class 213 |
| 02/15/2046 | &nbsp;&nbsp; 4.277% | 234410 | &nbsp;&nbsp; 39653 |
| CMO Series 364 Class 141 | CMO Series 364 Class 141 | CMO Series 364 Class 141 | CMO Series 364 Class 141 |
| 12/15/2046 | &nbsp;&nbsp; 2.772% | 273948 | &nbsp;&nbsp; 35041 |
| CMO Series 364 Class 151 | CMO Series 364 Class 151 | CMO Series 364 Class 151 | CMO Series 364 Class 151 |
| 12/15/2046 | &nbsp;&nbsp; 3.364% | 264073 | &nbsp;&nbsp; 38480 |
| CMO Series 364 Class 158 | CMO Series 364 Class 158 | CMO Series 364 Class 158 | CMO Series 364 Class 158 |
| 12/15/2046 | &nbsp;&nbsp; 3.743% | 142511 | &nbsp;&nbsp; 23089 |
| CMO Series 364 Class 167 | CMO Series 364 Class 167 | CMO Series 364 Class 167 | CMO Series 364 Class 167 |
| 12/15/2046 | &nbsp;&nbsp; 2.567% | 254785 | &nbsp;&nbsp; 27574 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 364 Class C23 | CMO Series 364 Class C23 | CMO Series 364 Class C23 | CMO Series 364 Class C23 |
| 12/15/2046 | &nbsp;&nbsp; 2.942% | 3233683 | &nbsp;&nbsp; 418158 |
| CMO Series 364 Class C24 | CMO Series 364 Class C24 | CMO Series 364 Class C24 | CMO Series 364 Class C24 |
| 12/15/2046 | &nbsp;&nbsp; 3.436% | 1811784 | &nbsp;&nbsp; 275013 |
| CMO Series 364 Class C25 | CMO Series 364 Class C25 | CMO Series 364 Class C25 | CMO Series 364 Class C25 |
| 12/15/2046 | &nbsp;&nbsp; 4.037% | 547080 | &nbsp;&nbsp; 95447 |
| CMO Series 368 Class C15 | CMO Series 368 Class C15 | CMO Series 368 Class C15 | CMO Series 368 Class C15 |
| 01/25/2048 | &nbsp;&nbsp; 3.270% | 3318257 | &nbsp;&nbsp; 449120 |
| CMO Series 5094 Class IO | CMO Series 5094 Class IO | CMO Series 5094 Class IO | CMO Series 5094 Class IO |
| 12/15/2048 | &nbsp;&nbsp; 1.387% | 11943032 | &nbsp;&nbsp; 827447 |
| Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(e),(f)</sup>  |
| CMO Series K058 Class X1 | CMO Series K058 Class X1 | CMO Series K058 Class X1 | CMO Series K058 Class X1 |
| 08/25/2026 | &nbsp;&nbsp; 0.892% | 2177226 | &nbsp;&nbsp; 4588 |
| CMO Series KW02 Class X1 | CMO Series KW02 Class X1 | CMO Series KW02 Class X1 | CMO Series KW02 Class X1 |
| 12/25/2026 | &nbsp;&nbsp; 0.096% | 6944276 | &nbsp;&nbsp; 3307 |
| Federal Home Loan Mortgage Corp. REMICS<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(c),(f)</sup>  |
| CMO Series 204236 Class IS | CMO Series 204236 Class IS | CMO Series 204236 Class IS | CMO Series 204236 Class IS |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>08/15/2043<br>| &nbsp;&nbsp; 2.227% | 7969188 | &nbsp;&nbsp; 859882 |
| CMO Series 204419 Class BS | CMO Series 204419 Class BS | CMO Series 204419 Class BS | CMO Series 204419 Class BS |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>05/15/2053<br>| &nbsp;&nbsp; 2.277% | 22112041 | &nbsp;&nbsp; 3024346 |
| CMO Series 204461 Class SA | CMO Series 204461 Class SA | CMO Series 204461 Class SA | CMO Series 204461 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>04/15/2045<br>| &nbsp;&nbsp; 2.427% | 4310560 | &nbsp;&nbsp; 634594 |
| CMO Series 204839 Class WS | CMO Series 204839 Class WS | CMO Series 204839 Class WS | CMO Series 204839 Class WS |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>08/15/2056<br>| &nbsp;&nbsp; 2.327% | 32413763 | &nbsp;&nbsp; 4835748 |
| CMO Series 4942 Class SG | CMO Series 4942 Class SG | CMO Series 4942 Class SG | CMO Series 4942 Class SG |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>01/25/2050<br>| &nbsp;&nbsp; 2.268% | 8895381 | &nbsp;&nbsp; 1010655 |
| Federal Home Loan Mortgage Corp. REMICS<sup>(f)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(f)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(f)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(f)</sup>  |
| CMO Series 204695 Class OI | CMO Series 204695 Class OI | CMO Series 204695 Class OI | CMO Series 204695 Class OI |
| 06/15/2047 | &nbsp;&nbsp; 4.000% | 2412570 | &nbsp;&nbsp; 407025 |
| CMO Series 204864 Class IU | CMO Series 204864 Class IU | CMO Series 204864 Class IU | CMO Series 204864 Class IU |
| 12/15/2048 | &nbsp;&nbsp; 4.500% | 2342094 | &nbsp;&nbsp; 423742 |
| CMO Series 205012 Class MI | CMO Series 205012 Class MI | CMO Series 205012 Class MI | CMO Series 205012 Class MI |
| 09/25/2050 | &nbsp;&nbsp; 4.000% | 7100880 | &nbsp;&nbsp; 1416996 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 205038 Class ID | CMO Series 205038 Class ID | CMO Series 205038 Class ID | CMO Series 205038 Class ID |
| 11/25/2050 | &nbsp;&nbsp; 3.500% | 24327930 | &nbsp;&nbsp; 4328819 |
| CMO Series 4257 Class IK | CMO Series 4257 Class IK | CMO Series 4257 Class IK | CMO Series 4257 Class IK |
| 12/15/2042 | &nbsp;&nbsp; 4.000% | 2504972 | &nbsp;&nbsp; 398631 |
| CMO Series 4999 Class IA | CMO Series 4999 Class IA | CMO Series 4999 Class IA | CMO Series 4999 Class IA |
| 08/25/2050 | &nbsp;&nbsp; 4.500% | 21118186 | &nbsp;&nbsp; 4490324 |
| CMO Series 5043 Class IO | CMO Series 5043 Class IO | CMO Series 5043 Class IO | CMO Series 5043 Class IO |
| 11/25/2050 | &nbsp;&nbsp; 5.000% | 12692319 | &nbsp;&nbsp; 3103447 |
| CMO Series 5058 Class NI | CMO Series 5058 Class NI | CMO Series 5058 Class NI | CMO Series 5058 Class NI |
| 06/25/2050 | &nbsp;&nbsp; 3.000% | 13046350 | &nbsp;&nbsp; 2088060 |
| CMO Series 5079 Class DI | CMO Series 5079 Class DI | CMO Series 5079 Class DI | CMO Series 5079 Class DI |
| 02/25/2051 | &nbsp;&nbsp; 6.500% | 6679633 | &nbsp;&nbsp; 1074810 |
| CMO Series 5081 Class PI | CMO Series 5081 Class PI | CMO Series 5081 Class PI | CMO Series 5081 Class PI |
| 03/25/2051 | &nbsp;&nbsp; 3.000% | 36649275 | &nbsp;&nbsp; 6115478 |
| CMO Series 5088 Class IB | CMO Series 5088 Class IB | CMO Series 5088 Class IB | CMO Series 5088 Class IB |
| 03/25/2051 | &nbsp;&nbsp; 2.500% | 21425416 | &nbsp;&nbsp; 3038711 |
| CMO Series 5095 Class AI | CMO Series 5095 Class AI | CMO Series 5095 Class AI | CMO Series 5095 Class AI |
| 04/25/2051 | &nbsp;&nbsp; 3.500% | 16926537 | &nbsp;&nbsp; 2929740 |
| CMO Series 5113 Class MI | CMO Series 5113 Class MI | CMO Series 5113 Class MI | CMO Series 5113 Class MI |
| 06/25/2051 | &nbsp;&nbsp; 3.500% | 15323034 | &nbsp;&nbsp; 2926909 |
| CMO Series 5115 Class GI | CMO Series 5115 Class GI | CMO Series 5115 Class GI | CMO Series 5115 Class GI |
| 09/25/2050 | &nbsp;&nbsp; 3.000% | 9249871 | &nbsp;&nbsp; 1809395 |
| CMO Series 5148 Class EI | CMO Series 5148 Class EI | CMO Series 5148 Class EI | CMO Series 5148 Class EI |
| 10/25/2051 | &nbsp;&nbsp; 3.000% | 37420493 | &nbsp;&nbsp; 5703119 |
| CMO Series 5153 Class JI | CMO Series 5153 Class JI | CMO Series 5153 Class JI | CMO Series 5153 Class JI |
| 10/25/2051 | &nbsp;&nbsp; 3.500% | 6811335 | &nbsp;&nbsp; 1246619 |
| CMO Series 5217 Class PI | CMO Series 5217 Class PI | CMO Series 5217 Class PI | CMO Series 5217 Class PI |
| 04/25/2052 | &nbsp;&nbsp; 3.500% | 4099189 | &nbsp;&nbsp; 337872 |
| CMO Series 5223 Class IM | CMO Series 5223 Class IM | CMO Series 5223 Class IM | CMO Series 5223 Class IM |
| 02/25/2042 | &nbsp;&nbsp; 5.500% | 7005967 | &nbsp;&nbsp; 1029669 |
| Federal Home Loan Mortgage Corp. REMICS | Federal Home Loan Mortgage Corp. REMICS | Federal Home Loan Mortgage Corp. REMICS | Federal Home Loan Mortgage Corp. REMICS |
| CMO Series 3843 Class JZ | CMO Series 3843 Class JZ | CMO Series 3843 Class JZ | CMO Series 3843 Class JZ |
| 04/15/2041 | &nbsp;&nbsp; 5.100% | 1070082 | &nbsp;&nbsp; 1113475 |
| CMO Series 4372 Class Z | CMO Series 4372 Class Z | CMO Series 4372 Class Z | CMO Series 4372 Class Z |
| 08/15/2044 | &nbsp;&nbsp; 3.000% | 2485314 | &nbsp;&nbsp; 2323841 |
| CMO Series 4402 Class YB | CMO Series 4402 Class YB | CMO Series 4402 Class YB | CMO Series 4402 Class YB |
| 10/15/2044 | &nbsp;&nbsp; 3.000% | 1988025 | &nbsp;&nbsp; 1867561 |
| CMO Series 4612 Class HZ | CMO Series 4612 Class HZ | CMO Series 4612 Class HZ | CMO Series 4612 Class HZ |
| 08/15/2046 | &nbsp;&nbsp; 2.500% | 7594552 | &nbsp;&nbsp; 6717378 |
| CMO Series 4753 Class VZ | CMO Series 4753 Class VZ | CMO Series 4753 Class VZ | CMO Series 4753 Class VZ |
| 12/15/2047 | &nbsp;&nbsp; 3.000% | 1274046 | &nbsp;&nbsp; 1070927 |
| CMO Series 4755 Class Z | CMO Series 4755 Class Z | CMO Series 4755 Class Z | CMO Series 4755 Class Z |
| 02/15/2048 | &nbsp;&nbsp; 3.000% | 1166548 | &nbsp;&nbsp; 1055873 |
| CMO Series 4765 Class PZ | CMO Series 4765 Class PZ | CMO Series 4765 Class PZ | CMO Series 4765 Class PZ |
| 01/15/2048 | &nbsp;&nbsp; 3.000% | 3821967 | &nbsp;&nbsp; 3151383 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 5237 Class GA | CMO Series 5237 Class GA | CMO Series 5237 Class GA | CMO Series 5237 Class GA |
| 09/25/2046 | &nbsp;&nbsp; 4.000% | 1687018 | &nbsp;&nbsp; 1670390 |
| Federal Home Loan Mortgage Corp. REMICS<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(e),(f)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(e),(f)</sup>  |
| CMO Series 5065 Class EI | CMO Series 5065 Class EI | CMO Series 5065 Class EI | CMO Series 5065 Class EI |
| 11/25/2044 | &nbsp;&nbsp; 5.326% | 1002065 | &nbsp;&nbsp; 178393 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 12/01/2026- <br>08/01/2027<br>| &nbsp;&nbsp; 8.000% | 523 | &nbsp;&nbsp; 526 |
| 04/01/2027- <br>06/01/2032<br>| &nbsp;&nbsp; 7.500% | 9476 | &nbsp;&nbsp; 9802 |
| 05/01/2029- <br>07/01/2054<br>| &nbsp;&nbsp; 6.000% | 49903370 | &nbsp;&nbsp; 51436081 |
| 05/01/2029- <br>03/01/2053<br>| &nbsp;&nbsp; 7.000% | 696716 | &nbsp;&nbsp; 732521 |
| 03/01/2033- <br>02/01/2055<br>| &nbsp;&nbsp; 5.500% | 98274183 | &nbsp;&nbsp; 100146611 |
| 09/01/2033- <br>11/01/2053<br>| &nbsp;&nbsp; 3.000% | 213023639 | &nbsp;&nbsp; 193823456 |
| 10/01/2033- <br>08/01/2052<br>| &nbsp;&nbsp; 3.500% | 80174872 | &nbsp;&nbsp; 76440414 |
| 02/01/2037- <br>06/01/2062<br>| &nbsp;&nbsp; 2.500% | 291916529 | &nbsp;&nbsp; 255644296 |
| 07/01/2039- <br>02/01/2055<br>| &nbsp;&nbsp; 5.000% | 113423171 | &nbsp;&nbsp; 114402871 |
| 08/01/2040- <br>04/01/2052<br>| &nbsp;&nbsp; 2.000% | 253678974 | &nbsp;&nbsp; 212371686 |
| 10/01/2040- <br>06/01/2056<br>| &nbsp;&nbsp; 4.500% | 58283627 | &nbsp;&nbsp; 57855857 |
| 02/01/2041- <br>11/01/2052<br>| &nbsp;&nbsp; 4.000% | 96982219 | &nbsp;&nbsp; 94843742 |
| 11/01/2050- <br>11/01/2051<br>| &nbsp;&nbsp; 1.500% | 30068426 | &nbsp;&nbsp; 23928374 |
| 01/01/2053- <br>02/01/2054<br>| &nbsp;&nbsp; 6.500% | 8630621 | &nbsp;&nbsp; 8962748 |
| CMO Series 2003-22 Class Z | CMO Series 2003-22 Class Z | CMO Series 2003-22 Class Z | CMO Series 2003-22 Class Z |
| 04/25/2033 | &nbsp;&nbsp; 6.000% | 52214 | &nbsp;&nbsp; 54484 |
| CMO Series 2003-33 Class PT | CMO Series 2003-33 Class PT | CMO Series 2003-33 Class PT | CMO Series 2003-33 Class PT |
| 05/25/2033 | &nbsp;&nbsp; 4.500% | 2172 | &nbsp;&nbsp; 2170 |
| CMO Series 2007-50 Class DZ | CMO Series 2007-50 Class DZ | CMO Series 2007-50 Class DZ | CMO Series 2007-50 Class DZ |
| 06/25/2037 | &nbsp;&nbsp; 5.500% | 287524 | &nbsp;&nbsp; 301274 |
| CMO Series 2010-139 Class HA | CMO Series 2010-139 Class HA | CMO Series 2010-139 Class HA | CMO Series 2010-139 Class HA |
| 11/25/2040 | &nbsp;&nbsp; 4.000% | 1173462 | &nbsp;&nbsp; 1141474 |
| CMO Series 2011-18 Class ZK | CMO Series 2011-18 Class ZK | CMO Series 2011-18 Class ZK | CMO Series 2011-18 Class ZK |
| 03/25/2041 | &nbsp;&nbsp; 4.000% | 2206975 | &nbsp;&nbsp; 2206505 |
| CMO Series 2011-53 Class WT | CMO Series 2011-53 Class WT | CMO Series 2011-53 Class WT | CMO Series 2011-53 Class WT |
| 06/25/2041 | &nbsp;&nbsp; 4.500% | 186145 | &nbsp;&nbsp; 188259 |
| CMO Series 2011-87 Class GB | CMO Series 2011-87 Class GB | CMO Series 2011-87 Class GB | CMO Series 2011-87 Class GB |
| 09/25/2041 | &nbsp;&nbsp; 4.500% | 6751281 | &nbsp;&nbsp; 6848174 |
| CMO Series 2012-121 Class GZ | CMO Series 2012-121 Class GZ | CMO Series 2012-121 Class GZ | CMO Series 2012-121 Class GZ |
| 11/25/2042 | &nbsp;&nbsp; 3.500% | 7814088 | &nbsp;&nbsp; 7536627 |
| CMO Series 2012-68 Class ZA | CMO Series 2012-68 Class ZA | CMO Series 2012-68 Class ZA | CMO Series 2012-68 Class ZA |
| 07/25/2042 | &nbsp;&nbsp; 3.500% | 6136978 | &nbsp;&nbsp; 5903822 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2012-94 | CMO Series 2012-94 | CMO Series 2012-94 | CMO Series 2012-94 |
| 09/25/2042 | &nbsp;&nbsp; 3.500% | 7092151 | &nbsp;&nbsp; 6847770 |
| CMO Series 2013-106 Class LA | CMO Series 2013-106 Class LA | CMO Series 2013-106 Class LA | CMO Series 2013-106 Class LA |
| 08/25/2041 | &nbsp;&nbsp; 4.000% | 1138384 | &nbsp;&nbsp; 1136418 |
| CMO Series 2013-66 Class AP | CMO Series 2013-66 Class AP | CMO Series 2013-66 Class AP | CMO Series 2013-66 Class AP |
| 05/25/2043 | &nbsp;&nbsp; 6.000% | 38654 | &nbsp;&nbsp; 37578 |
| CMO Series 2018-38 Class PA | CMO Series 2018-38 Class PA | CMO Series 2018-38 Class PA | CMO Series 2018-38 Class PA |
| 06/25/2047 | &nbsp;&nbsp; 3.500% | 286292 | &nbsp;&nbsp; 280837 |
| CMO Series 2018-64 Class ET | CMO Series 2018-64 Class ET | CMO Series 2018-64 Class ET | CMO Series 2018-64 Class ET |
| 09/25/2048 | &nbsp;&nbsp; 3.000% | 2061927 | &nbsp;&nbsp; 1901611 |
| CMO Series 2018-94D Class KD | CMO Series 2018-94D Class KD | CMO Series 2018-94D Class KD | CMO Series 2018-94D Class KD |
| 12/25/2048 | &nbsp;&nbsp; 3.500% | 557784 | &nbsp;&nbsp; 523050 |
| CMO Series 2019-9 Class DZ | CMO Series 2019-9 Class DZ | CMO Series 2019-9 Class DZ | CMO Series 2019-9 Class DZ |
| 03/25/2049 | &nbsp;&nbsp; 4.000% | 2590428 | &nbsp;&nbsp; 2498070 |
| CMO Series 98-17 Class Z | CMO Series 98-17 Class Z | CMO Series 98-17 Class Z | CMO Series 98-17 Class Z |
| 04/18/2028 | &nbsp;&nbsp; 6.500% | 1419 | &nbsp;&nbsp; 1423 |
| Federal National Mortgage Association<sup>(c),(f)</sup>  | Federal National Mortgage Association<sup>(c),(f)</sup>  | Federal National Mortgage Association<sup>(c),(f)</sup>  | Federal National Mortgage Association<sup>(c),(f)</sup>  |
| CMO Series 2004-29 Class PS | CMO Series 2004-29 Class PS | CMO Series 2004-29 Class PS | CMO Series 2004-29 Class PS |
| -1.0 x 30-day Average SOFR + <br> 7.486% <br>Cap 7.600% <br>05/25/2034<br>| &nbsp;&nbsp; 3.818% | 671191 | &nbsp;&nbsp; 81070 |
| CMO Series 2006-43 Class SJ | CMO Series 2006-43 Class SJ | CMO Series 2006-43 Class SJ | CMO Series 2006-43 Class SJ |
| -1.0 x 30-day Average SOFR + <br> 6.476% <br>Cap 6.590% <br>06/25/2036<br>| &nbsp;&nbsp; 2.808% | 479583 | &nbsp;&nbsp; 57306 |
| CMO Series 2009-100 Class SA | CMO Series 2009-100 Class SA | CMO Series 2009-100 Class SA | CMO Series 2009-100 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>12/25/2039<br>| &nbsp;&nbsp; 2.418% | 1668308 | &nbsp;&nbsp; 197993 |
| CMO Series 2009-87 Class NS | CMO Series 2009-87 Class NS | CMO Series 2009-87 Class NS | CMO Series 2009-87 Class NS |
| -1.0 x 30-day Average SOFR + <br> 6.136% <br>Cap 6.250% <br>11/25/2039<br>| &nbsp;&nbsp; 2.468% | 2200651 | &nbsp;&nbsp; 213479 |
| CMO Series 2010-131 Class SA | CMO Series 2010-131 Class SA | CMO Series 2010-131 Class SA | CMO Series 2010-131 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.486% <br>Cap 6.600% <br>11/25/2040<br>| &nbsp;&nbsp; 2.818% | 2136508 | &nbsp;&nbsp; 310465 |
| CMO Series 2010-21 Class SA | CMO Series 2010-21 Class SA | CMO Series 2010-21 Class SA | CMO Series 2010-21 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.136% <br>Cap 6.250% <br>03/25/2040<br>| &nbsp;&nbsp; 2.468% | 3502392 | &nbsp;&nbsp; 264834 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2010-57 Class SA | CMO Series 2010-57 Class SA | CMO Series 2010-57 Class SA | CMO Series 2010-57 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.336% <br>Cap 6.450% <br>06/25/2040<br>| &nbsp;&nbsp; 2.668% | 907365 | &nbsp;&nbsp; 100376 |
| CMO Series 2011-131 Class ST | CMO Series 2011-131 Class ST | CMO Series 2011-131 Class ST | CMO Series 2011-131 Class ST |
| -1.0 x 30-day Average SOFR + <br> 6.426% <br>Cap 6.540% <br>12/25/2041<br>| &nbsp;&nbsp; 2.758% | 12261762 | &nbsp;&nbsp; 1656781 |
| CMO Series 2011-47 Class GS | CMO Series 2011-47 Class GS | CMO Series 2011-47 Class GS | CMO Series 2011-47 Class GS |
| -1.0 x 30-day Average SOFR + <br> 5.816% <br>Cap 5.930% <br>06/25/2041<br>| &nbsp;&nbsp; 2.148% | 2900042 | &nbsp;&nbsp; 287245 |
| CMO Series 2012-17 Class MS | CMO Series 2012-17 Class MS | CMO Series 2012-17 Class MS | CMO Series 2012-17 Class MS |
| -1.0 x 30-day Average SOFR + <br> 6.586% <br>Cap 6.700% <br>03/25/2027<br>| &nbsp;&nbsp; 2.918% | 28320 | &nbsp;&nbsp; 146 |
| CMO Series 2013-10 Class SJ | CMO Series 2013-10 Class SJ | CMO Series 2013-10 Class SJ | CMO Series 2013-10 Class SJ |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>02/25/2043<br>| &nbsp;&nbsp; 2.368% | 2892097 | &nbsp;&nbsp; 354526 |
| CMO Series 2013-124 Class SB | CMO Series 2013-124 Class SB | CMO Series 2013-124 Class SB | CMO Series 2013-124 Class SB |
| -1.0 x 30-day Average SOFR + <br> 5.836% <br>Cap 5.950% <br>12/25/2043<br>| &nbsp;&nbsp; 2.168% | 15520473 | &nbsp;&nbsp; 1702881 |
| CMO Series 2013-19 Class KS | CMO Series 2013-19 Class KS | CMO Series 2013-19 Class KS | CMO Series 2013-19 Class KS |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>10/25/2041<br>| &nbsp;&nbsp; 2.418% | 2132604 | &nbsp;&nbsp; 165584 |
| CMO Series 2013-34 Class SC | CMO Series 2013-34 Class SC | CMO Series 2013-34 Class SC | CMO Series 2013-34 Class SC |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>04/25/2043<br>| &nbsp;&nbsp; 2.368% | 8268616 | &nbsp;&nbsp; 1247918 |
| CMO Series 2014-40 Class HS | CMO Series 2014-40 Class HS | CMO Series 2014-40 Class HS | CMO Series 2014-40 Class HS |
| -1.0 x 30-day Average SOFR + <br> 6.586% <br>Cap 6.700% <br>07/25/2044<br>| &nbsp;&nbsp; 2.918% | 2131066 | &nbsp;&nbsp; 313430 |
| CMO Series 2014-52 Class SL | CMO Series 2014-52 Class SL | CMO Series 2014-52 Class SL | CMO Series 2014-52 Class SL |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>09/25/2044<br>| &nbsp;&nbsp; 2.318% | 3725175 | &nbsp;&nbsp; 445890 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2015-81 Class SD | CMO Series 2015-81 Class SD | CMO Series 2015-81 Class SD | CMO Series 2015-81 Class SD |
| -1.0 x 30-day Average SOFR + <br> 6.586% <br>Cap 6.700% <br>01/25/2037<br>| &nbsp;&nbsp; 2.918% | 1698767 | &nbsp;&nbsp; 132810 |
| CMO Series 2016-19 Class SA | CMO Series 2016-19 Class SA | CMO Series 2016-19 Class SA | CMO Series 2016-19 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>04/25/2046<br>| &nbsp;&nbsp; 2.318% | 2585758 | &nbsp;&nbsp; 229792 |
| CMO Series 2016-32 Class SA | CMO Series 2016-32 Class SA | CMO Series 2016-32 Class SA | CMO Series 2016-32 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>10/25/2034<br>| &nbsp;&nbsp; 2.318% | 1180929 | &nbsp;&nbsp; 112999 |
| CMO Series 2016-60 Class QS | CMO Series 2016-60 Class QS | CMO Series 2016-60 Class QS | CMO Series 2016-60 Class QS |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>09/25/2046<br>| &nbsp;&nbsp; 2.318% | 3331096 | &nbsp;&nbsp; 253744 |
| CMO Series 2016-60 Class SD | CMO Series 2016-60 Class SD | CMO Series 2016-60 Class SD | CMO Series 2016-60 Class SD |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>09/25/2046<br>| &nbsp;&nbsp; 2.318% | 20241097 | &nbsp;&nbsp; 1518024 |
| CMO Series 2016-60 Class SE | CMO Series 2016-60 Class SE | CMO Series 2016-60 Class SE | CMO Series 2016-60 Class SE |
| -1.0 x 30-day Average SOFR + <br> 6.136% <br>Cap 6.250% <br>09/25/2046<br>| &nbsp;&nbsp; 2.468% | 3392256 | &nbsp;&nbsp; 357815 |
| CMO Series 2016-82 Class SG | CMO Series 2016-82 Class SG | CMO Series 2016-82 Class SG | CMO Series 2016-82 Class SG |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>11/25/2046<br>| &nbsp;&nbsp; 2.318% | 4699336 | &nbsp;&nbsp; 352906 |
| CMO Series 2016-88 Class BS | CMO Series 2016-88 Class BS | CMO Series 2016-88 Class BS | CMO Series 2016-88 Class BS |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>12/25/2046<br>| &nbsp;&nbsp; 2.318% | 8627722 | &nbsp;&nbsp; 1099464 |
| CMO Series 2016-93 Class SL | CMO Series 2016-93 Class SL | CMO Series 2016-93 Class SL | CMO Series 2016-93 Class SL |
| -1.0 x 30-day Average SOFR + <br> 6.536% <br>Cap 6.650% <br>12/25/2046<br>| &nbsp;&nbsp; 2.868% | 1886298 | &nbsp;&nbsp; 170063 |
| CMO Series 2017-26 Class SA | CMO Series 2017-26 Class SA | CMO Series 2017-26 Class SA | CMO Series 2017-26 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>04/25/2047<br>| &nbsp;&nbsp; 2.368% | 3119501 | &nbsp;&nbsp; 230463 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2017-57 Class SD | CMO Series 2017-57 Class SD | CMO Series 2017-57 Class SD | CMO Series 2017-57 Class SD |
| -1.0 x 30-day Average SOFR + <br> 3.836% <br>Cap 2.750% <br>08/25/2047<br>| &nbsp;&nbsp; 0.168% | 4599664 | &nbsp;&nbsp; 224771 |
| CMO Series 2018-43 Class SE | CMO Series 2018-43 Class SE | CMO Series 2018-43 Class SE | CMO Series 2018-43 Class SE |
| -1.0 x 30-day Average SOFR + <br> 6.136% <br>Cap 6.250% <br>09/25/2038<br>| &nbsp;&nbsp; 2.468% | 2756045 | &nbsp;&nbsp; 294276 |
| CMO Series 2018-61 Class SA | CMO Series 2018-61 Class SA | CMO Series 2018-61 Class SA | CMO Series 2018-61 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>08/25/2048<br>| &nbsp;&nbsp; 2.418% | 2054965 | &nbsp;&nbsp; 178699 |
| CMO Series 2019-35 Class SH | CMO Series 2019-35 Class SH | CMO Series 2019-35 Class SH | CMO Series 2019-35 Class SH |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>07/25/2049<br>| &nbsp;&nbsp; 2.368% | 8657639 | &nbsp;&nbsp; 797282 |
| CMO Series 2019-39 Class SB | CMO Series 2019-39 Class SB | CMO Series 2019-39 Class SB | CMO Series 2019-39 Class SB |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>08/25/2049<br>| &nbsp;&nbsp; 2.318% | 8337566 | &nbsp;&nbsp; 807615 |
| Federal National Mortgage Association<sup>(c)</sup>  | Federal National Mortgage Association<sup>(c)</sup>  | Federal National Mortgage Association<sup>(c)</sup>  | Federal National Mortgage Association<sup>(c)</sup>  |
| CMO Series 2004-93 Class FC | CMO Series 2004-93 Class FC | CMO Series 2004-93 Class FC | CMO Series 2004-93 Class FC |
| 30-day Average SOFR + <br> 0.314% <br>Floor 0.200%, Cap 8.000% <br>12/25/2034<br>| &nbsp;&nbsp; 3.982% | 90627 | &nbsp;&nbsp; 90312 |
| CMO Series 2006-71 Class SH | CMO Series 2006-71 Class SH | CMO Series 2006-71 Class SH | CMO Series 2006-71 Class SH |
| -2.6 x 30-day Average SOFR + <br> 15.437% <br>Cap 15.738% <br>05/25/2035<br>| &nbsp;&nbsp; 5.819% | 90584 | &nbsp;&nbsp; 97622 |
| CMO Series 2007-90 Class F | CMO Series 2007-90 Class F | CMO Series 2007-90 Class F | CMO Series 2007-90 Class F |
| 30-day Average SOFR + <br> 0.604% <br>Floor 0.490%, Cap 7.000% <br>09/25/2037<br>| &nbsp;&nbsp; 4.272% | 4084 | &nbsp;&nbsp; 4083 |
| CMO Series 2007-W7 Class 1A4 | CMO Series 2007-W7 Class 1A4 | CMO Series 2007-W7 Class 1A4 | CMO Series 2007-W7 Class 1A4 |
| -6.0 x 30-day Average SOFR + <br> 38.493% <br>Cap 39.180% <br>07/25/2037<br>| &nbsp;&nbsp; 16.490% | 32013 | &nbsp;&nbsp; 44637 |
| CMO Series 2008-15 Class AS | CMO Series 2008-15 Class AS | CMO Series 2008-15 Class AS | CMO Series 2008-15 Class AS |
| -5.0 x 30-day Average SOFR + <br> 32.428% <br>Cap 33.000% <br>08/25/2036<br>| &nbsp;&nbsp; 14.092% | 141081 | &nbsp;&nbsp; 194534 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2010-142 Class HS | CMO Series 2010-142 Class HS | CMO Series 2010-142 Class HS | CMO Series 2010-142 Class HS |
| -2.0 x 30-day Average SOFR + <br> 9.771% <br>Cap 10.000% <br>12/25/2040<br>| &nbsp;&nbsp; 2.434% | 411517 | &nbsp;&nbsp; 312470 |
| CMO Series 2010-150 Class FL | CMO Series 2010-150 Class FL | CMO Series 2010-150 Class FL | CMO Series 2010-150 Class FL |
| 30-day Average SOFR + <br> 0.664% <br>Floor 0.550%, Cap 7.000% <br>10/25/2040<br>| &nbsp;&nbsp; 4.332% | 70519 | &nbsp;&nbsp; 70541 |
| CMO Series 2012-1 Class FA | CMO Series 2012-1 Class FA | CMO Series 2012-1 Class FA | CMO Series 2012-1 Class FA |
| 30-day Average SOFR + <br> 0.614% <br>Floor 0.500%, Cap 6.500% <br>02/25/2042<br>| &nbsp;&nbsp; 4.282% | 538459 | &nbsp;&nbsp; 536188 |
| CMO Series 2012-115 Class MT | CMO Series 2012-115 Class MT | CMO Series 2012-115 Class MT | CMO Series 2012-115 Class MT |
| -3.0 x 30-day Average SOFR + <br> 13.157% <br>Cap 4.500% <br>10/25/2042<br>| &nbsp;&nbsp; 2.151% | 310600 | &nbsp;&nbsp; 243357 |
| CMO Series 2016-32 Class GT | CMO Series 2016-32 Class GT | CMO Series 2016-32 Class GT | CMO Series 2016-32 Class GT |
| -4.5 x 30-day Average SOFR + <br> 17.485% <br>Cap 4.500% <br>01/25/2043<br>| &nbsp;&nbsp; 0.976% | 32299 | &nbsp;&nbsp; 24242 |
| Federal National Mortgage Association<sup>(f)</sup>  | Federal National Mortgage Association<sup>(f)</sup>  | Federal National Mortgage Association<sup>(f)</sup>  | Federal National Mortgage Association<sup>(f)</sup>  |
| CMO Series 2013-16 Class MI | CMO Series 2013-16 Class MI | CMO Series 2013-16 Class MI | CMO Series 2013-16 Class MI |
| 03/25/2043 | &nbsp;&nbsp; 4.000% | 2383016 | &nbsp;&nbsp; 187580 |
| CMO Series 2013-23 Class AI | CMO Series 2013-23 Class AI | CMO Series 2013-23 Class AI | CMO Series 2013-23 Class AI |
| 03/25/2043 | &nbsp;&nbsp; 5.000% | 3413936 | &nbsp;&nbsp; 524848 |
| CMO Series 2013-35 Class IB | CMO Series 2013-35 Class IB | CMO Series 2013-35 Class IB | CMO Series 2013-35 Class IB |
| 04/25/2033 | &nbsp;&nbsp; 3.000% | 3020452 | &nbsp;&nbsp; 216714 |
| CMO Series 2013-41 Class HI | CMO Series 2013-41 Class HI | CMO Series 2013-41 Class HI | CMO Series 2013-41 Class HI |
| 02/25/2033 | &nbsp;&nbsp; 3.000% | 2837784 | &nbsp;&nbsp; 130390 |
| CMO Series 2015-54 Class GI | CMO Series 2015-54 Class GI | CMO Series 2015-54 Class GI | CMO Series 2015-54 Class GI |
| 07/25/2045 | &nbsp;&nbsp; 5.500% | 14945306 | &nbsp;&nbsp; 2009201 |
| CMO Series 2020-42 Class AI | CMO Series 2020-42 Class AI | CMO Series 2020-42 Class AI | CMO Series 2020-42 Class AI |
| 06/25/2050 | &nbsp;&nbsp; 2.500% | 15033257 | &nbsp;&nbsp; 1515512 |
| CMO Series 2020-72 Class LI | CMO Series 2020-72 Class LI | CMO Series 2020-72 Class LI | CMO Series 2020-72 Class LI |
| 12/25/2040 | &nbsp;&nbsp; 5.000% | 3622879 | &nbsp;&nbsp; 648694 |
| CMO Series 20434 Class C24 | CMO Series 20434 Class C24 | CMO Series 20434 Class C24 | CMO Series 20434 Class C24 |
| 06/25/2053 | &nbsp;&nbsp; 4.500% | 26536898 | &nbsp;&nbsp; 5534628 |
| CMO Series 385 Class 8 | CMO Series 385 Class 8 | CMO Series 385 Class 8 | CMO Series 385 Class 8 |
| 12/25/2037 | &nbsp;&nbsp; 5.500% | 1235548 | &nbsp;&nbsp; 214460 |
| CMO Series 426 Class C58 | CMO Series 426 Class C58 | CMO Series 426 Class C58 | CMO Series 426 Class C58 |
| 03/25/2052 | &nbsp;&nbsp; 3.000% | 30229750 | &nbsp;&nbsp; 5030076 |
| CMO Series 427 Class C17 | CMO Series 427 Class C17 | CMO Series 427 Class C17 | CMO Series 427 Class C17 |
| 01/25/2035 | &nbsp;&nbsp; 3.000% | 7749477 | &nbsp;&nbsp; 666545 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 427 Class C57 | CMO Series 427 Class C57 | CMO Series 427 Class C57 | CMO Series 427 Class C57 |
| 02/25/2032 | &nbsp;&nbsp; 2.500% | 37126738 | &nbsp;&nbsp; 1951040 |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 01/25/2052 | &nbsp;&nbsp; 4.500% | 2152559 | &nbsp;&nbsp; 545261 |
| Federal National Mortgage Association<sup>(e),(f)</sup>  | Federal National Mortgage Association<sup>(e),(f)</sup>  | Federal National Mortgage Association<sup>(e),(f)</sup>  | Federal National Mortgage Association<sup>(e),(f)</sup>  |
| CMO Series 2021-24 Class IO | CMO Series 2021-24 Class IO | CMO Series 2021-24 Class IO | CMO Series 2021-24 Class IO |
| 03/25/2059 | &nbsp;&nbsp; 1.061% | 7714547 | &nbsp;&nbsp; 473796 |
| Federal National Mortgage Association REMICS | Federal National Mortgage Association REMICS | Federal National Mortgage Association REMICS | Federal National Mortgage Association REMICS |
| CMO Series 2010-136 Class CY | CMO Series 2010-136 Class CY | CMO Series 2010-136 Class CY | CMO Series 2010-136 Class CY |
| 12/25/2040 | &nbsp;&nbsp; 4.000% | 1139176 | &nbsp;&nbsp; 1135806 |
| CMO Series 2012-105 Class Z | CMO Series 2012-105 Class Z | CMO Series 2012-105 Class Z | CMO Series 2012-105 Class Z |
| 10/25/2042 | &nbsp;&nbsp; 3.500% | 2050218 | &nbsp;&nbsp; 1976347 |
| CMO Series 2013-18 Class ZA | CMO Series 2013-18 Class ZA | CMO Series 2013-18 Class ZA | CMO Series 2013-18 Class ZA |
| 03/25/2043 | &nbsp;&nbsp; 3.000% | 2765506 | &nbsp;&nbsp; 2593561 |
| CMO Series 2013-70 Class JZ | CMO Series 2013-70 Class JZ | CMO Series 2013-70 Class JZ | CMO Series 2013-70 Class JZ |
| 07/25/2043 | &nbsp;&nbsp; 3.000% | 14469754 | &nbsp;&nbsp; 13571091 |
| CMO Series 2018-11 Class BX | CMO Series 2018-11 Class BX | CMO Series 2018-11 Class BX | CMO Series 2018-11 Class BX |
| 12/25/2047 | &nbsp;&nbsp; 4.000% | 7256134 | &nbsp;&nbsp; 7122735 |
| CMO Series 2019-70 Class CB | CMO Series 2019-70 Class CB | CMO Series 2019-70 Class CB | CMO Series 2019-70 Class CB |
| 12/25/2049 | &nbsp;&nbsp; 3.500% | 2136908 | &nbsp;&nbsp; 2008778 |
| CMO Series 2020-46 Class JG | CMO Series 2020-46 Class JG | CMO Series 2020-46 Class JG | CMO Series 2020-46 Class JG |
| 07/25/2050 | &nbsp;&nbsp; 2.000% | 1633012 | &nbsp;&nbsp; 1370558 |
| Federal National Mortgage Association REMICS<sup>(f)</sup>  | Federal National Mortgage Association REMICS<sup>(f)</sup>  | Federal National Mortgage Association REMICS<sup>(f)</sup>  | Federal National Mortgage Association REMICS<sup>(f)</sup>  |
| CMO Series 2013-10 Class GI | CMO Series 2013-10 Class GI | CMO Series 2013-10 Class GI | CMO Series 2013-10 Class GI |
| 02/25/2033 | &nbsp;&nbsp; 3.000% | 4639306 | &nbsp;&nbsp; 306349 |
| CMO Series 2015-86 Class MI | CMO Series 2015-86 Class MI | CMO Series 2015-86 Class MI | CMO Series 2015-86 Class MI |
| 11/25/2045 | &nbsp;&nbsp; 5.500% | 4237046 | &nbsp;&nbsp; 605719 |
| CMO Series 2017-54 Class ID | CMO Series 2017-54 Class ID | CMO Series 2017-54 Class ID | CMO Series 2017-54 Class ID |
| 07/25/2047 | &nbsp;&nbsp; 4.000% | 1853535 | &nbsp;&nbsp; 312693 |
| CMO Series 2020-47 Class DI | CMO Series 2020-47 Class DI | CMO Series 2020-47 Class DI | CMO Series 2020-47 Class DI |
| 07/25/2050 | &nbsp;&nbsp; 4.000% | 36284197 | &nbsp;&nbsp; 6913395 |
| CMO Series 2020-74 Class HI | CMO Series 2020-74 Class HI | CMO Series 2020-74 Class HI | CMO Series 2020-74 Class HI |
| 10/25/2050 | &nbsp;&nbsp; 5.500% | 5247293 | &nbsp;&nbsp; 883823 |
| CMO Series 2020-99 Class IB | CMO Series 2020-99 Class IB | CMO Series 2020-99 Class IB | CMO Series 2020-99 Class IB |
| 05/25/2050 | &nbsp;&nbsp; 3.500% | 10322111 | &nbsp;&nbsp; 1832046 |
| CMO Series 2021-1 Class IB | CMO Series 2021-1 Class IB | CMO Series 2021-1 Class IB | CMO Series 2021-1 Class IB |
| 02/25/2061 | &nbsp;&nbsp; 3.500% | 11182250 | &nbsp;&nbsp; 1939351 |
| CMO Series 2021-74 Class LI | CMO Series 2021-74 Class LI | CMO Series 2021-74 Class LI | CMO Series 2021-74 Class LI |
| 11/25/2051 | &nbsp;&nbsp; 3.500% | 18459371 | &nbsp;&nbsp; 3880689 |
| CMO Series 2021-94 Class AI | CMO Series 2021-94 Class AI | CMO Series 2021-94 Class AI | CMO Series 2021-94 Class AI |
| 01/25/2052 | &nbsp;&nbsp; 3.000% | 21356628 | &nbsp;&nbsp; 3567121 |
| CMO Series 2022-38 Class IH | CMO Series 2022-38 Class IH | CMO Series 2022-38 Class IH | CMO Series 2022-38 Class IH |
| 07/25/2052 | &nbsp;&nbsp; 4.500% | 2777777 | &nbsp;&nbsp; 547930 |
| CMO Series 2022-5 Class LI | CMO Series 2022-5 Class LI | CMO Series 2022-5 Class LI | CMO Series 2022-5 Class LI |
| 02/25/2052 | &nbsp;&nbsp; 3.000% | 23240298 | &nbsp;&nbsp; 2617978 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Federal National Mortgage Association REMICS<sup>(c),(f)</sup>  | Federal National Mortgage Association REMICS<sup>(c),(f)</sup>  | Federal National Mortgage Association REMICS<sup>(c),(f)</sup>  | Federal National Mortgage Association REMICS<sup>(c),(f)</sup>  |
| CMO Series 2013-136 Class SB | CMO Series 2013-136 Class SB | CMO Series 2013-136 Class SB | CMO Series 2013-136 Class SB |
| -1.0 x 30-day Average SOFR + <br> 5.786% <br>Cap 5.900% <br>01/25/2044<br>| &nbsp;&nbsp; 2.118% | 7743922 | &nbsp;&nbsp; 877717 |
| CMO Series 2017-14 Class DS | CMO Series 2017-14 Class DS | CMO Series 2017-14 Class DS | CMO Series 2017-14 Class DS |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>03/25/2047<br>| &nbsp;&nbsp; 2.268% | 7014615 | &nbsp;&nbsp; 918555 |
| CMO Series 2017-38 Class S | CMO Series 2017-38 Class S | CMO Series 2017-38 Class S | CMO Series 2017-38 Class S |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>05/25/2047<br>| &nbsp;&nbsp; 2.318% | 11840983 | &nbsp;&nbsp; 1558320 |
| CMO Series 2018-45 Class SM | CMO Series 2018-45 Class SM | CMO Series 2018-45 Class SM | CMO Series 2018-45 Class SM |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>06/25/2048<br>| &nbsp;&nbsp; 2.418% | 8598145 | &nbsp;&nbsp; 1149479 |
| CMO Series 2019-25 Class SA | CMO Series 2019-25 Class SA | CMO Series 2019-25 Class SA | CMO Series 2019-25 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>06/25/2049<br>| &nbsp;&nbsp; 2.268% | 29017706 | &nbsp;&nbsp; 3358942 |
| CMO Series 3908 Class XS | CMO Series 3908 Class XS | CMO Series 3908 Class XS | CMO Series 3908 Class XS |
| -1.0 x 30-day Average SOFR + <br> 6.336% <br>Cap 6.450% <br>06/15/2039<br>| &nbsp;&nbsp; 2.677% | 6071052 | &nbsp;&nbsp; 714160 |
| Freddie Mac REMICS<sup>(c),(f)</sup>  | Freddie Mac REMICS<sup>(c),(f)</sup>  | Freddie Mac REMICS<sup>(c),(f)</sup>  | Freddie Mac REMICS<sup>(c),(f)</sup>  |
| CMO Series 204314 Class SA | CMO Series 204314 Class SA | CMO Series 204314 Class SA | CMO Series 204314 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>03/15/2044<br>| &nbsp;&nbsp; 2.227% | 2583440 | &nbsp;&nbsp; 247331 |
| CMO Series 4715 Class JS | CMO Series 4715 Class JS | CMO Series 4715 Class JS | CMO Series 4715 Class JS |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>08/15/2047<br>| &nbsp;&nbsp; 2.377% | 4163576 | &nbsp;&nbsp; 524596 |
| CMO Series 4795 Class MS | CMO Series 4795 Class MS | CMO Series 4795 Class MS | CMO Series 4795 Class MS |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>06/15/2048<br>| &nbsp;&nbsp; 2.377% | 3500741 | &nbsp;&nbsp; 474824 |
| Freddie Mac REMICS<sup>(f)</sup>  | Freddie Mac REMICS<sup>(f)</sup>  | Freddie Mac REMICS<sup>(f)</sup>  | Freddie Mac REMICS<sup>(f)</sup>  |
| CMO Series 4927 Class IO | CMO Series 4927 Class IO | CMO Series 4927 Class IO | CMO Series 4927 Class IO |
| 11/25/2049 | &nbsp;&nbsp; 5.000% | 7167643 | &nbsp;&nbsp; 1551585 |
| CMO Series 4999 Class QI | CMO Series 4999 Class QI | CMO Series 4999 Class QI | CMO Series 4999 Class QI |
| 05/25/2050 | &nbsp;&nbsp; 4.000% | 161144 | &nbsp;&nbsp; 30866 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 5093 Class IV | CMO Series 5093 Class IV | CMO Series 5093 Class IV | CMO Series 5093 Class IV |
| 12/25/2050 | &nbsp;&nbsp; 4.500% | 7261139 | &nbsp;&nbsp; 1669903 |
| CMO Series 5093 Class VI | CMO Series 5093 Class VI | CMO Series 5093 Class VI | CMO Series 5093 Class VI |
| 12/25/2050 | &nbsp;&nbsp; 4.500% | 12419280 | &nbsp;&nbsp; 2856162 |
| CMO Series 5282A Class GI | CMO Series 5282A Class GI | CMO Series 5282A Class GI | CMO Series 5282A Class GI |
| 02/25/2050 | &nbsp;&nbsp; 4.000% | 2148813 | &nbsp;&nbsp; 453413 |
| Freddie Mac REMICS | Freddie Mac REMICS | Freddie Mac REMICS | Freddie Mac REMICS |
| CMO Series 5525 Class LZ | CMO Series 5525 Class LZ | CMO Series 5525 Class LZ | CMO Series 5525 Class LZ |
| 04/25/2055 | &nbsp;&nbsp; 5.000% | 1773280 | &nbsp;&nbsp; 1766603 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| 05/15/2040- <br>05/20/2053<br>| &nbsp;&nbsp; 5.000% | 4900920 | &nbsp;&nbsp; 4977917 |
| 05/20/2041- <br>05/20/2053<br>| &nbsp;&nbsp; 4.500% | 21703294 | &nbsp;&nbsp; 21715780 |
| 02/15/2042- <br>10/20/2052<br>| &nbsp;&nbsp; 4.000% | 39323705 | &nbsp;&nbsp; 38331726 |
| 08/20/2042- <br>10/20/2052<br>| &nbsp;&nbsp; 3.500% | 41181646 | &nbsp;&nbsp; 39559604 |
| 12/20/2046- <br>06/20/2052<br>| &nbsp;&nbsp; 3.000% | 33000017 | &nbsp;&nbsp; 30337173 |
| 10/20/2049- <br>04/20/2052<br>| &nbsp;&nbsp; 2.500% | 26729639 | &nbsp;&nbsp; 23627907 |
| 12/20/2050- <br>03/20/2052<br>| &nbsp;&nbsp; 2.000% | 30331238 | &nbsp;&nbsp; 25702530 |
| 01/20/2053- <br>07/20/2055<br>| &nbsp;&nbsp; 5.500% | 50892227 | &nbsp;&nbsp; 51891113 |
| 04/20/2053 | &nbsp;&nbsp; 6.000% | 7846308 | &nbsp;&nbsp; 8057152 |
| 03/20/2054 | &nbsp;&nbsp; 6.500% | 1967094 | &nbsp;&nbsp; 2048647 |
| CMO Series 2005-45 Class ZA | CMO Series 2005-45 Class ZA | CMO Series 2005-45 Class ZA | CMO Series 2005-45 Class ZA |
| 06/16/2035 | &nbsp;&nbsp; 6.000% | 1894724 | &nbsp;&nbsp; 1981686 |
| CMO Series 2009-104 Class YD | CMO Series 2009-104 Class YD | CMO Series 2009-104 Class YD | CMO Series 2009-104 Class YD |
| 11/20/2039 | &nbsp;&nbsp; 5.000% | 984514 | &nbsp;&nbsp; 1020093 |
| CMO Series 2009-55 Class LX | CMO Series 2009-55 Class LX | CMO Series 2009-55 Class LX | CMO Series 2009-55 Class LX |
| 07/20/2039 | &nbsp;&nbsp; 5.000% | 1200701 | &nbsp;&nbsp; 1207221 |
| CMO Series 2009-67 Class DB | CMO Series 2009-67 Class DB | CMO Series 2009-67 Class DB | CMO Series 2009-67 Class DB |
| 08/20/2039 | &nbsp;&nbsp; 5.000% | 1327712 | &nbsp;&nbsp; 1396024 |
| CMO Series 2010-108 Class WL | CMO Series 2010-108 Class WL | CMO Series 2010-108 Class WL | CMO Series 2010-108 Class WL |
| 04/16/2040 | &nbsp;&nbsp; 4.000% | 1350285 | &nbsp;&nbsp; 1352310 |
| CMO Series 2010-120 Class AY | CMO Series 2010-120 Class AY | CMO Series 2010-120 Class AY | CMO Series 2010-120 Class AY |
| 09/20/2040 | &nbsp;&nbsp; 4.000% | 1270301 | &nbsp;&nbsp; 1267267 |
| CMO Series 2010-135 Class PE | CMO Series 2010-135 Class PE | CMO Series 2010-135 Class PE | CMO Series 2010-135 Class PE |
| 10/16/2040 | &nbsp;&nbsp; 4.000% | 3006712 | &nbsp;&nbsp; 3016886 |
| CMO Series 2014-3 Class EP | CMO Series 2014-3 Class EP | CMO Series 2014-3 Class EP | CMO Series 2014-3 Class EP |
| 02/16/2043 | &nbsp;&nbsp; 2.750% | 3083921 | &nbsp;&nbsp; 3002578 |
| CMO Series 2016-111 Class PB | CMO Series 2016-111 Class PB | CMO Series 2016-111 Class PB | CMO Series 2016-111 Class PB |
| 08/20/2046 | &nbsp;&nbsp; 2.500% | 1097000 | &nbsp;&nbsp; 857418 |
| CMO Series 2018-1 Class LZ | CMO Series 2018-1 Class LZ | CMO Series 2018-1 Class LZ | CMO Series 2018-1 Class LZ |
| 01/20/2048 | &nbsp;&nbsp; 3.000% | 4717657 | &nbsp;&nbsp; 3939785 |
| CMO Series 2018-115 Class DE | CMO Series 2018-115 Class DE | CMO Series 2018-115 Class DE | CMO Series 2018-115 Class DE |
| 08/20/2048 | &nbsp;&nbsp; 3.500% | 1082262 | &nbsp;&nbsp; 1008199 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2018-147 Class BZ | CMO Series 2018-147 Class BZ | CMO Series 2018-147 Class BZ | CMO Series 2018-147 Class BZ |
| 10/20/2048 | &nbsp;&nbsp; 3.500% | 3787529 | &nbsp;&nbsp; 3675565 |
| CMO Series 2018-53 Class AL | CMO Series 2018-53 Class AL | CMO Series 2018-53 Class AL | CMO Series 2018-53 Class AL |
| 11/20/2045 | &nbsp;&nbsp; 3.500% | 530068 | &nbsp;&nbsp; 525895 |
| CMO Series 2023-111 Class ZL | CMO Series 2023-111 Class ZL | CMO Series 2023-111 Class ZL | CMO Series 2023-111 Class ZL |
| 08/20/2053 | &nbsp;&nbsp; 6.000% | 3251920 | &nbsp;&nbsp; 3362553 |
| Government National Mortgage Association<sup>(c)</sup>  | Government National Mortgage Association<sup>(c)</sup>  | Government National Mortgage Association<sup>(c)</sup>  | Government National Mortgage Association<sup>(c)</sup>  |
| 1-year CMT + 1.140% <br>03/20/2066<br>| &nbsp;&nbsp; 4.750% | 24148 | &nbsp;&nbsp; 24327 |
| 1-year CMT + 0.647% <br>04/20/2066<br>| &nbsp;&nbsp; 4.257% | 58263 | &nbsp;&nbsp; 58578 |
| CMO Series 2006-37 Class AS | CMO Series 2006-37 Class AS | CMO Series 2006-37 Class AS | CMO Series 2006-37 Class AS |
| -6.0 x 1-month Term SOFR + <br> 38.973% <br>Cap 39.660% <br>07/20/2036<br>| &nbsp;&nbsp; 16.970% | 328839 | &nbsp;&nbsp; 460412 |
| CMO Series 2010-H03 Class FA | CMO Series 2010-H03 Class FA | CMO Series 2010-H03 Class FA | CMO Series 2010-H03 Class FA |
| 1-month Term SOFR + 0.664% <br>Floor 0.550%, Cap 10.690% <br>03/20/2060<br>| &nbsp;&nbsp; 4.332% | 66684 | &nbsp;&nbsp; 66749 |
| CMO Series 2010-H26 Class LF | CMO Series 2010-H26 Class LF | CMO Series 2010-H26 Class LF | CMO Series 2010-H26 Class LF |
| 1-month Term SOFR + 0.464% <br>Floor 0.350%, Cap 13.898% <br>08/20/2058<br>| &nbsp;&nbsp; 4.147% | 4638 | &nbsp;&nbsp; 4631 |
| CMO Series 2012-H20 Class BA | CMO Series 2012-H20 Class BA | CMO Series 2012-H20 Class BA | CMO Series 2012-H20 Class BA |
| 1-month Term SOFR + 0.814% <br>Floor 0.700%, Cap 10.500% <br>09/20/2062<br>| &nbsp;&nbsp; 4.357% | 11945 | &nbsp;&nbsp; 11960 |
| CMO Series 2012-H21 Class CF | CMO Series 2012-H21 Class CF | CMO Series 2012-H21 Class CF | CMO Series 2012-H21 Class CF |
| 1-month Term SOFR + 0.814% <br>Floor 0.700% <br>05/20/2061<br>| &nbsp;&nbsp; 4.497% | 100 | &nbsp;&nbsp; 101 |
| CMO Series 2012-H21 Class DF | CMO Series 2012-H21 Class DF | CMO Series 2012-H21 Class DF | CMO Series 2012-H21 Class DF |
| 1-month Term SOFR + 0.764% <br>Floor 0.650% <br>05/20/2061<br>| &nbsp;&nbsp; 4.447% | 89 | &nbsp;&nbsp; 90 |
| CMO Series 2012-H25 Class FA | CMO Series 2012-H25 Class FA | CMO Series 2012-H25 Class FA | CMO Series 2012-H25 Class FA |
| 1-month Term SOFR + 0.814% <br>Floor 0.700% <br>12/20/2061<br>| &nbsp;&nbsp; 4.497% | 28039 | &nbsp;&nbsp; 27710 |
| CMO Series 2013-H02 Class FD | CMO Series 2013-H02 Class FD | CMO Series 2013-H02 Class FD | CMO Series 2013-H02 Class FD |
| 1-month Term SOFR + 0.454% <br>Floor 0.340%, Cap 10.500% <br>12/20/2062<br>| &nbsp;&nbsp; 4.137% | 26264 | &nbsp;&nbsp; 26214 |
| CMO Series 2013-H05 Class FB | CMO Series 2013-H05 Class FB | CMO Series 2013-H05 Class FB | CMO Series 2013-H05 Class FB |
| 1-month Term SOFR + 0.514% <br>Floor 0.400% <br>02/20/2062<br>| &nbsp;&nbsp; 4.186% | 1953 | &nbsp;&nbsp; 1941 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2013-H08 Class BF | CMO Series 2013-H08 Class BF | CMO Series 2013-H08 Class BF | CMO Series 2013-H08 Class BF |
| 1-month Term SOFR + 0.514% <br>Floor 0.400%, Cap 10.000% <br>03/20/2063<br>| &nbsp;&nbsp; 4.197% | 252620 | &nbsp;&nbsp; 251620 |
| CMO Series 2013-H14 Class FD | CMO Series 2013-H14 Class FD | CMO Series 2013-H14 Class FD | CMO Series 2013-H14 Class FD |
| 1-month Term SOFR + 0.584% <br>Floor 0.470%, Cap 11.000% <br>06/20/2063<br>| &nbsp;&nbsp; 4.267% | 101403 | &nbsp;&nbsp; 101370 |
| CMO Series 2013-H17 Class FA | CMO Series 2013-H17 Class FA | CMO Series 2013-H17 Class FA | CMO Series 2013-H17 Class FA |
| 1-month Term SOFR + 0.664% <br>Floor 0.550%, Cap 11.000% <br>07/20/2063<br>| &nbsp;&nbsp; 4.347% | 14749 | &nbsp;&nbsp; 14764 |
| CMO Series 2013-H18 Class EA | CMO Series 2013-H18 Class EA | CMO Series 2013-H18 Class EA | CMO Series 2013-H18 Class EA |
| 1-month Term SOFR + 0.614% <br>Floor 0.500%, Cap 10.190% <br>07/20/2063<br>| &nbsp;&nbsp; 4.297% | 7562 | &nbsp;&nbsp; 7564 |
| CMO Series 2013-H19 Class FC | CMO Series 2013-H19 Class FC | CMO Series 2013-H19 Class FC | CMO Series 2013-H19 Class FC |
| 1-month Term SOFR + 0.714% <br>Floor 0.600%, Cap 11.000% <br>08/20/2063<br>| &nbsp;&nbsp; 4.397% | 81536 | &nbsp;&nbsp; 81696 |
| CMO Series 2015-H26 Class FC | CMO Series 2015-H26 Class FC | CMO Series 2015-H26 Class FC | CMO Series 2015-H26 Class FC |
| 1-month Term SOFR + 0.714% <br>Floor 0.600%, Cap 11.000% <br>08/20/2065<br>| &nbsp;&nbsp; 4.397% | 5241 | &nbsp;&nbsp; 5250 |
| CMO Series 2017-H03 Class FB | CMO Series 2017-H03 Class FB | CMO Series 2017-H03 Class FB | CMO Series 2017-H03 Class FB |
| 1-month Term SOFR + 0.764% <br>Floor 0.650%, Cap 15.000% <br>06/20/2066<br>| &nbsp;&nbsp; 4.447% | 145669 | &nbsp;&nbsp; 146019 |
| CMO Series 2018-H04 Class FM | CMO Series 2018-H04 Class FM | CMO Series 2018-H04 Class FM | CMO Series 2018-H04 Class FM |
| 1-month Term SOFR + 0.414% <br>Floor 0.300%, Cap 11.000% <br>03/20/2068<br>| &nbsp;&nbsp; 4.097% | 535125 | &nbsp;&nbsp; 533804 |
| CMO Series 2019-H01 Class FL | CMO Series 2019-H01 Class FL | CMO Series 2019-H01 Class FL | CMO Series 2019-H01 Class FL |
| 1-month Term SOFR + 0.564% <br>Floor 0.450%, Cap 11.000% <br>12/20/2068<br>| &nbsp;&nbsp; 4.247% | 103915 | &nbsp;&nbsp; 103862 |
| CMO Series 2019-H10 Class FM | CMO Series 2019-H10 Class FM | CMO Series 2019-H10 Class FM | CMO Series 2019-H10 Class FM |
| 1-month Term SOFR + 0.514% <br>Floor 0.400%, Cap 11.000% <br>05/20/2069<br>| &nbsp;&nbsp; 4.197% | 421118 | &nbsp;&nbsp; 420610 |
| CMO Series 2020-H13 Class FM | CMO Series 2020-H13 Class FM | CMO Series 2020-H13 Class FM | CMO Series 2020-H13 Class FM |
| 1-month Term SOFR + 0.514% <br>Floor 0.400%, Cap 11.000% <br>08/20/2070<br>| &nbsp;&nbsp; 4.197% | 703488 | &nbsp;&nbsp; 702185 |
| CMO Series 2022-H09 Class EF | CMO Series 2022-H09 Class EF | CMO Series 2022-H09 Class EF | CMO Series 2022-H09 Class EF |
| 30-day Average SOFR + <br> 0.450% <br>Floor 0.450%, Cap 11.000% <br>04/20/2072<br>| &nbsp;&nbsp; 4.112% | 1555641 | &nbsp;&nbsp; 1553419 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Government National Mortgage Association<sup>(c),(f)</sup>  | Government National Mortgage Association<sup>(c),(f)</sup>  | Government National Mortgage Association<sup>(c),(f)</sup>  | Government National Mortgage Association<sup>(c),(f)</sup>  |
| CMO Series 2010-31 Class ES | CMO Series 2010-31 Class ES | CMO Series 2010-31 Class ES | CMO Series 2010-31 Class ES |
| -1.0 x 1-month Term SOFR + <br> 4.886% <br>Cap 5.000% <br>03/20/2040<br>| &nbsp;&nbsp; 1.218% | 4993006 | &nbsp;&nbsp; 391621 |
| CMO Series 2011-13 Class S | CMO Series 2011-13 Class S | CMO Series 2011-13 Class S | CMO Series 2011-13 Class S |
| -1.0 x 1-month Term SOFR + <br> 5.836% <br>Cap 5.950% <br>01/16/2041<br>| &nbsp;&nbsp; 2.176% | 3056359 | &nbsp;&nbsp; 326387 |
| CMO Series 2011-30 Class SB | CMO Series 2011-30 Class SB | CMO Series 2011-30 Class SB | CMO Series 2011-30 Class SB |
| -1.0 x 1-month Term SOFR + <br> 6.486% <br>Cap 6.600% <br>02/20/2041<br>| &nbsp;&nbsp; 2.818% | 1400246 | &nbsp;&nbsp; 147598 |
| CMO Series 2015-155 Class SA | CMO Series 2015-155 Class SA | CMO Series 2015-155 Class SA | CMO Series 2015-155 Class SA |
| -1.0 x 1-month Term SOFR + <br> 5.586% <br>Cap 5.700% <br>10/20/2045<br>| &nbsp;&nbsp; 1.918% | 2193960 | &nbsp;&nbsp; 239109 |
| CMO Series 2017-93 Class CS | CMO Series 2017-93 Class CS | CMO Series 2017-93 Class CS | CMO Series 2017-93 Class CS |
| -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>06/20/2047<br>| &nbsp;&nbsp; 2.418% | 6778370 | &nbsp;&nbsp; 1094415 |
| CMO Series 2018-104 Class SD | CMO Series 2018-104 Class SD | CMO Series 2018-104 Class SD | CMO Series 2018-104 Class SD |
| -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>08/20/2048<br>| &nbsp;&nbsp; 2.418% | 10828813 | &nbsp;&nbsp; 1320077 |
| CMO Series 2019-123 Class SP | CMO Series 2019-123 Class SP | CMO Series 2019-123 Class SP | CMO Series 2019-123 Class SP |
| -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>10/20/2049<br>| &nbsp;&nbsp; 2.318% | 9262322 | &nbsp;&nbsp; 1161234 |
| CMO Series 2019-13 Class SA | CMO Series 2019-13 Class SA | CMO Series 2019-13 Class SA | CMO Series 2019-13 Class SA |
| -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>01/20/2049<br>| &nbsp;&nbsp; 2.318% | 6991877 | &nbsp;&nbsp; 862913 |
| CMO Series 2019-30 Class SH | CMO Series 2019-30 Class SH | CMO Series 2019-30 Class SH | CMO Series 2019-30 Class SH |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>03/20/2049<br>| &nbsp;&nbsp; 2.268% | 11246526 | &nbsp;&nbsp; 1236256 |
| CMO Series 2019-6 Class SJ | CMO Series 2019-6 Class SJ | CMO Series 2019-6 Class SJ | CMO Series 2019-6 Class SJ |
| -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>01/20/2049<br>| &nbsp;&nbsp; 2.318% | 5974177 | &nbsp;&nbsp; 737276 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2019-86 Class SG | CMO Series 2019-86 Class SG | CMO Series 2019-86 Class SG | CMO Series 2019-86 Class SG |
| -1.0 x 1-month Term SOFR + <br> 5.486% <br>Cap 5.600% <br>07/20/2049<br>| &nbsp;&nbsp; 1.818% | 2574008 | &nbsp;&nbsp; 177561 |
| CMO Series 2020-112 Class SB | CMO Series 2020-112 Class SB | CMO Series 2020-112 Class SB | CMO Series 2020-112 Class SB |
| -1.0 x 1-month Term SOFR + <br> 6.136% <br>Cap 6.250% <br>08/20/2050<br>| &nbsp;&nbsp; 2.468% | 3109587 | &nbsp;&nbsp; 469006 |
| CMO Series 2020-62 Class ES | CMO Series 2020-62 Class ES | CMO Series 2020-62 Class ES | CMO Series 2020-62 Class ES |
| -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>05/20/2050<br>| &nbsp;&nbsp; 2.368% | 29062585 | &nbsp;&nbsp; 3978775 |
| CMO Series 2021-1 Class QS | CMO Series 2021-1 Class QS | CMO Series 2021-1 Class QS | CMO Series 2021-1 Class QS |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>01/20/2051<br>| &nbsp;&nbsp; 2.518% | 4370556 | &nbsp;&nbsp; 637616 |
| CMO Series 2021-49 Class SA | CMO Series 2021-49 Class SA | CMO Series 2021-49 Class SA | CMO Series 2021-49 Class SA |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>03/20/2051<br>| &nbsp;&nbsp; 2.518% | 16303835 | &nbsp;&nbsp; 2354468 |
| CMO Series 2024-134 Class SN | CMO Series 2024-134 Class SN | CMO Series 2024-134 Class SN | CMO Series 2024-134 Class SN |
| -1.0 x 30-day Average SOFR + <br> 5.950% <br>Cap 5.950% <br>08/20/2054<br>| &nbsp;&nbsp; 2.289% | 6943935 | &nbsp;&nbsp; 597633 |
| Government National Mortgage Association<sup>(e)</sup>  | Government National Mortgage Association<sup>(e)</sup>  | Government National Mortgage Association<sup>(e)</sup>  | Government National Mortgage Association<sup>(e)</sup>  |
| CMO Series 2010-H17 Class XQ | CMO Series 2010-H17 Class XQ | CMO Series 2010-H17 Class XQ | CMO Series 2010-H17 Class XQ |
| 07/20/2060 | &nbsp;&nbsp; 5.142% | 1370 | &nbsp;&nbsp; 1386 |
| CMO Series 2017-H04 Class DA | CMO Series 2017-H04 Class DA | CMO Series 2017-H04 Class DA | CMO Series 2017-H04 Class DA |
| 12/20/2066 | &nbsp;&nbsp; 4.424% | 274 | &nbsp;&nbsp; 274 |
| Series 2003-72 Class Z | Series 2003-72 Class Z | Series 2003-72 Class Z | Series 2003-72 Class Z |
| 11/16/2045 | &nbsp;&nbsp; 5.489% | 133481 | &nbsp;&nbsp; 133229 |
| Government National Mortgage Association<sup>(f)</sup>  | Government National Mortgage Association<sup>(f)</sup>  | Government National Mortgage Association<sup>(f)</sup>  | Government National Mortgage Association<sup>(f)</sup>  |
| CMO Series 2013-3 Class IT | CMO Series 2013-3 Class IT | CMO Series 2013-3 Class IT | CMO Series 2013-3 Class IT |
| 01/20/2043 | &nbsp;&nbsp; 5.000% | 2377978 | &nbsp;&nbsp; 477713 |
| CMO Series 2016-88 Class PI | CMO Series 2016-88 Class PI | CMO Series 2016-88 Class PI | CMO Series 2016-88 Class PI |
| 07/20/2046 | &nbsp;&nbsp; 4.000% | 4507784 | &nbsp;&nbsp; 742641 |
| CMO Series 2016-89 Class HI | CMO Series 2016-89 Class HI | CMO Series 2016-89 Class HI | CMO Series 2016-89 Class HI |
| 07/20/2046 | &nbsp;&nbsp; 3.500% | 1662443 | &nbsp;&nbsp; 290199 |
| CMO Series 2017-101 Class AI | CMO Series 2017-101 Class AI | CMO Series 2017-101 Class AI | CMO Series 2017-101 Class AI |
| 07/20/2047 | &nbsp;&nbsp; 4.000% | 2989388 | &nbsp;&nbsp; 491610 |
| CMO Series 2017-52 Class AI | CMO Series 2017-52 Class AI | CMO Series 2017-52 Class AI | CMO Series 2017-52 Class AI |
| 04/20/2047 | &nbsp;&nbsp; 6.000% | 1972751 | &nbsp;&nbsp; 281089 |
| CMO Series 2017-68 Class TI | CMO Series 2017-68 Class TI | CMO Series 2017-68 Class TI | CMO Series 2017-68 Class TI |
| 05/20/2047 | &nbsp;&nbsp; 5.500% | 813007 | &nbsp;&nbsp; 115640 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2017-88 Class JI | CMO Series 2017-88 Class JI | CMO Series 2017-88 Class JI | CMO Series 2017-88 Class JI |
| 09/20/2046 | &nbsp;&nbsp; 5.500% | 1304292 | &nbsp;&nbsp; 215579 |
| CMO Series 2019-110 Class PI | CMO Series 2019-110 Class PI | CMO Series 2019-110 Class PI | CMO Series 2019-110 Class PI |
| 09/20/2049 | &nbsp;&nbsp; 3.500% | 17483082 | &nbsp;&nbsp; 3318701 |
| CMO Series 2019-99 Class AI | CMO Series 2019-99 Class AI | CMO Series 2019-99 Class AI | CMO Series 2019-99 Class AI |
| 08/16/2049 | &nbsp;&nbsp; 4.000% | 4499826 | &nbsp;&nbsp; 922336 |
| CMO Series 2020-129 Class GI | CMO Series 2020-129 Class GI | CMO Series 2020-129 Class GI | CMO Series 2020-129 Class GI |
| 09/20/2050 | &nbsp;&nbsp; 3.000% | 21329547 | &nbsp;&nbsp; 3527491 |
| CMO Series 2020-134 Class AI | CMO Series 2020-134 Class AI | CMO Series 2020-134 Class AI | CMO Series 2020-134 Class AI |
| 09/20/2050 | &nbsp;&nbsp; 3.000% | 7941123 | &nbsp;&nbsp; 1327015 |
| CMO Series 2021-57 Class IA | CMO Series 2021-57 Class IA | CMO Series 2021-57 Class IA | CMO Series 2021-57 Class IA |
| 12/20/2050 | &nbsp;&nbsp; 2.500% | 2591725 | &nbsp;&nbsp; 368213 |
| CMO Series 2021-7 Class BI | CMO Series 2021-7 Class BI | CMO Series 2021-7 Class BI | CMO Series 2021-7 Class BI |
| 01/20/2051 | &nbsp;&nbsp; 2.000% | 34873716 | &nbsp;&nbsp; 4205662 |
| CMO Series 2021-7 Class QI | CMO Series 2021-7 Class QI | CMO Series 2021-7 Class QI | CMO Series 2021-7 Class QI |
| 01/20/2051 | &nbsp;&nbsp; 2.500% | 6652122 | &nbsp;&nbsp; 958780 |
| CMO Series 2021-81 Class IM | CMO Series 2021-81 Class IM | CMO Series 2021-81 Class IM | CMO Series 2021-81 Class IM |
| 05/20/2051 | &nbsp;&nbsp; 3.500% | 2956308 | &nbsp;&nbsp; 585313 |
| CMO Series 2022-125 Class PI | CMO Series 2022-125 Class PI | CMO Series 2022-125 Class PI | CMO Series 2022-125 Class PI |
| 07/20/2052 | &nbsp;&nbsp; 5.000% | 7647523 | &nbsp;&nbsp; 1212467 |
| CMO Series 2023-70 Class JI | CMO Series 2023-70 Class JI | CMO Series 2023-70 Class JI | CMO Series 2023-70 Class JI |
| 06/20/2052 | &nbsp;&nbsp; 5.500% | 1988762 | &nbsp;&nbsp; 339514 |
| CMO Series 2024-97 Class IO | CMO Series 2024-97 Class IO | CMO Series 2024-97 Class IO | CMO Series 2024-97 Class IO |
| 02/20/2053 | &nbsp;&nbsp; 5.000% | 28864553 | &nbsp;&nbsp; 6565078 |
| Government National Mortgage Association<sup>(e),(f)</sup>  | Government National Mortgage Association<sup>(e),(f)</sup>  | Government National Mortgage Association<sup>(e),(f)</sup>  | Government National Mortgage Association<sup>(e),(f)</sup>  |
| CMO Series 2014-150 Class IO | CMO Series 2014-150 Class IO | CMO Series 2014-150 Class IO | CMO Series 2014-150 Class IO |
| 07/16/2056 | &nbsp;&nbsp; 0.431% | 8209561 | &nbsp;&nbsp; 174911 |
| CMO Series 2014-H05 Class AI | CMO Series 2014-H05 Class AI | CMO Series 2014-H05 Class AI | CMO Series 2014-H05 Class AI |
| 02/20/2064 | &nbsp;&nbsp; 1.636% | 817677 | &nbsp;&nbsp; 27515 |
| CMO Series 2014-H14 Class BI | CMO Series 2014-H14 Class BI | CMO Series 2014-H14 Class BI | CMO Series 2014-H14 Class BI |
| 06/20/2064 | &nbsp;&nbsp; 1.699% | 1537814 | &nbsp;&nbsp; 42810 |
| CMO Series 2014-H15 Class HI | CMO Series 2014-H15 Class HI | CMO Series 2014-H15 Class HI | CMO Series 2014-H15 Class HI |
| 05/20/2064 | &nbsp;&nbsp; 1.449% | 876450 | &nbsp;&nbsp; 43979 |
| CMO Series 2014-H20 Class HI | CMO Series 2014-H20 Class HI | CMO Series 2014-H20 Class HI | CMO Series 2014-H20 Class HI |
| 10/20/2064 | &nbsp;&nbsp; 1.376% | 142391 | &nbsp;&nbsp; 9347 |
| CMO Series 2015-163 Class IO | CMO Series 2015-163 Class IO | CMO Series 2015-163 Class IO | CMO Series 2015-163 Class IO |
| 12/16/2057 | &nbsp;&nbsp; 0.727% | 1484280 | &nbsp;&nbsp; 53521 |
| CMO Series 2015-189 Class IG | CMO Series 2015-189 Class IG | CMO Series 2015-189 Class IG | CMO Series 2015-189 Class IG |
| 01/16/2057 | &nbsp;&nbsp; 0.594% | 5683787 | &nbsp;&nbsp; 152294 |
| CMO Series 2015-30 Class IO | CMO Series 2015-30 Class IO | CMO Series 2015-30 Class IO | CMO Series 2015-30 Class IO |
| 07/16/2056 | &nbsp;&nbsp; 0.743% | 1965420 | &nbsp;&nbsp; 79672 |
| CMO Series 2015-32 Class IO | CMO Series 2015-32 Class IO | CMO Series 2015-32 Class IO | CMO Series 2015-32 Class IO |
| 09/16/2049 | &nbsp;&nbsp; 0.567% | 3041269 | &nbsp;&nbsp; 60927 |
| CMO Series 2015-73 Class IO | CMO Series 2015-73 Class IO | CMO Series 2015-73 Class IO | CMO Series 2015-73 Class IO |
| 11/16/2055 | &nbsp;&nbsp; 0.411% | 945753 | &nbsp;&nbsp; 10617 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2015-9 Class IO | CMO Series 2015-9 Class IO | CMO Series 2015-9 Class IO | CMO Series 2015-9 Class IO |
| 02/16/2049 | &nbsp;&nbsp; 0.501% | 4913558 | &nbsp;&nbsp; 83278 |
| CMO Series 2015-H22 Class BI | CMO Series 2015-H22 Class BI | CMO Series 2015-H22 Class BI | CMO Series 2015-H22 Class BI |
| 09/20/2065 | &nbsp;&nbsp; 1.849% | 626558 | &nbsp;&nbsp; 30338 |
| CMO Series 2016-72 Class IO | CMO Series 2016-72 Class IO | CMO Series 2016-72 Class IO | CMO Series 2016-72 Class IO |
| 12/16/2055 | &nbsp;&nbsp; 0.705% | 3953447 | &nbsp;&nbsp; 109318 |
| CMO Series 2020-171 Class IO | CMO Series 2020-171 Class IO | CMO Series 2020-171 Class IO | CMO Series 2020-171 Class IO |
| 10/16/2060 | &nbsp;&nbsp; 0.956% | 5350665 | &nbsp;&nbsp; 353273 |
| CMO Series 2020-32 Class IA | CMO Series 2020-32 Class IA | CMO Series 2020-32 Class IA | CMO Series 2020-32 Class IA |
| 03/16/2047 | &nbsp;&nbsp; 4.080% | 6789490 | &nbsp;&nbsp; 1188741 |
| CMO Series 2021-33 Class IO | CMO Series 2021-33 Class IO | CMO Series 2021-33 Class IO | CMO Series 2021-33 Class IO |
| 10/16/2062 | &nbsp;&nbsp; 0.844% | 7434658 | &nbsp;&nbsp; 475603 |
| CMO Series 2021-40 Class IO | CMO Series 2021-40 Class IO | CMO Series 2021-40 Class IO | CMO Series 2021-40 Class IO |
| 02/16/2063 | &nbsp;&nbsp; 0.822% | 6466552 | &nbsp;&nbsp; 396361 |
| CMO Series 2021-H03 Class IO | CMO Series 2021-H03 Class IO | CMO Series 2021-H03 Class IO | CMO Series 2021-H03 Class IO |
| 04/20/2070 | &nbsp;&nbsp; 0.428% | 5800801 | &nbsp;&nbsp; 55358 |
| CMO Series 2021-H08 Class IA | CMO Series 2021-H08 Class IA | CMO Series 2021-H08 Class IA | CMO Series 2021-H08 Class IA |
| 01/20/2068 | &nbsp;&nbsp; 0.519% | 790190 | &nbsp;&nbsp; 7269 |
| Government National Mortgage Association TBA<sup>(d)</sup>  | Government National Mortgage Association TBA<sup>(d)</sup>  | Government National Mortgage Association TBA<sup>(d)</sup>  | Government National Mortgage Association TBA<sup>(d)</sup>  |
| 03/20/2055 | &nbsp;&nbsp; 5.500% | 11975000 | &nbsp;&nbsp; 12127818 |
| 03/19/2056 | &nbsp;&nbsp; 2.500% | 48175000 | &nbsp;&nbsp; 42505171 |
| 03/19/2056 | &nbsp;&nbsp; 4.000% | 16350000 | &nbsp;&nbsp; 15726632 |
| 03/19/2056 | &nbsp;&nbsp; 4.500% | 53550000 | &nbsp;&nbsp; 52918278 |
| 03/19/2056- <br>04/21/2056<br>| &nbsp;&nbsp; 5.000% | 29981000 | &nbsp;&nbsp; 30082036 |
| 03/19/2056 | &nbsp;&nbsp; 6.000% | 6675000 | &nbsp;&nbsp; 6808898 |
| 04/21/2056 | &nbsp;&nbsp; 3.500% | 34700000 | &nbsp;&nbsp; 32457626 |
| Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust |
| CMO Series 2018-2 Class MV (FHLMC) | CMO Series 2018-2 Class MV (FHLMC) | CMO Series 2018-2 Class MV (FHLMC) | CMO Series 2018-2 Class MV (FHLMC) |
| 11/25/2057 | &nbsp;&nbsp; 3.500% | 3444574 | &nbsp;&nbsp; 3350530 |
| Uniform Mortgage-Backed Security TBA<sup>(d)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(d)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(d)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(d)</sup>  |
| 03/13/2054 | &nbsp;&nbsp; 3.000% | 18950000 | &nbsp;&nbsp; 17134364 |
| 03/13/2055 | &nbsp;&nbsp; 2.000% | 23825000 | &nbsp;&nbsp; 19732671 |
| 03/13/2055 | &nbsp;&nbsp; 3.500% | 174402000 | &nbsp;&nbsp; 164335595 |
| 03/13/2055- <br>05/13/2055<br>| &nbsp;&nbsp; 4.000% | 129625000 | &nbsp;&nbsp; 125857667 |
| 03/13/2055- <br>04/14/2055<br>| &nbsp;&nbsp; 5.000% | 109328000 | &nbsp;&nbsp; 109782740 |
| 03/12/2056 | &nbsp;&nbsp; 2.500% | 6300000 | &nbsp;&nbsp; 5457640 |
| 03/12/2056 | &nbsp;&nbsp; 4.500% | 122930000 | &nbsp;&nbsp; 121559354 |
| 03/12/2056 | &nbsp;&nbsp; 5.500% | 52075000 | &nbsp;&nbsp; 52909908 |
| 04/13/2056 | &nbsp;&nbsp; 6.000% | 4500000 | &nbsp;&nbsp; 4615246 |
| Total Residential Mortgage-Backed Securities - Agency <br>(Cost $3,347,089,270) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $3,347,089,270) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $3,347,089,270) | &nbsp;&nbsp; **3331832938** |
| **Residential Mortgage-Backed Securities - Non-Agency 5.6%** | **Residential Mortgage-Backed Securities - Non-Agency 5.6%** | **Residential Mortgage-Backed Securities - Non-Agency 5.6%** | **Residential Mortgage-Backed Securities - Non-Agency 5.6%** |
| ACE Securities Corp. Home Equity Loan Trust<sup>(c)</sup>  | ACE Securities Corp. Home Equity Loan Trust<sup>(c)</sup>  | ACE Securities Corp. Home Equity Loan Trust<sup>(c)</sup>  | ACE Securities Corp. Home Equity Loan Trust<sup>(c)</sup>  |
| CMO Series 2006-OP1 Class A2D | CMO Series 2006-OP1 Class A2D | CMO Series 2006-OP1 Class A2D | CMO Series 2006-OP1 Class A2D |
| 1-month Term SOFR + 0.594% <br>Floor 0.480% <br>04/25/2036<br>| &nbsp;&nbsp; 4.268% | 6029306 | &nbsp;&nbsp; 5654218 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Ajax Mortgage Loan Trust<sup>(b),(n)</sup>  | Ajax Mortgage Loan Trust<sup>(b),(n)</sup>  | Ajax Mortgage Loan Trust<sup>(b),(n)</sup>  | Ajax Mortgage Loan Trust<sup>(b),(n)</sup>  |
| CMO Series 2019-F Class A1 | CMO Series 2019-F Class A1 | CMO Series 2019-F Class A1 | CMO Series 2019-F Class A1 |
| 07/25/2059 | &nbsp;&nbsp; 2.860% | 2349835 | &nbsp;&nbsp; 2311433 |
| Angel Oak Mortgage Trust<sup>(b),(n)</sup>  | Angel Oak Mortgage Trust<sup>(b),(n)</sup>  | Angel Oak Mortgage Trust<sup>(b),(n)</sup>  | Angel Oak Mortgage Trust<sup>(b),(n)</sup>  |
| CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 | CMO Series 2022-6 Class A1 |
| 07/25/2067 | &nbsp;&nbsp; 4.300% | 12799801 | &nbsp;&nbsp; 12759788 |
| CMO Series 2026-1 Class A2 | CMO Series 2026-1 Class A2 | CMO Series 2026-1 Class A2 | CMO Series 2026-1 Class A2 |
| 02/25/2071 | &nbsp;&nbsp; 4.971% | 1467220 | &nbsp;&nbsp; 1468365 |
| Angel Oak Mortgage Trust<sup>(b),(e)</sup>  | Angel Oak Mortgage Trust<sup>(b),(e)</sup>  | Angel Oak Mortgage Trust<sup>(b),(e)</sup>  | Angel Oak Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2026-1 Class A1 | CMO Series 2026-1 Class A1 | CMO Series 2026-1 Class A1 | CMO Series 2026-1 Class A1 |
| 02/25/2071 | &nbsp;&nbsp; 4.747% | 5990571 | &nbsp;&nbsp; 5998501 |
| Arroyo Mortgage Trust<sup>(b)</sup>  | Arroyo Mortgage Trust<sup>(b)</sup>  | Arroyo Mortgage Trust<sup>(b)</sup>  | Arroyo Mortgage Trust<sup>(b)</sup>  |
| CMO Series 2022-1 Class A3 | CMO Series 2022-1 Class A3 | CMO Series 2022-1 Class A3 | CMO Series 2022-1 Class A3 |
| 12/25/2056 | &nbsp;&nbsp; 3.650% | 1000000 | &nbsp;&nbsp; 882413 |
| ATLX Trust<sup>(b),(n)</sup>  | ATLX Trust<sup>(b),(n)</sup>  | ATLX Trust<sup>(b),(n)</sup>  | ATLX Trust<sup>(b),(n)</sup>  |
| CMO Series 2024-RPL1 Class A1 | CMO Series 2024-RPL1 Class A1 | CMO Series 2024-RPL1 Class A1 | CMO Series 2024-RPL1 Class A1 |
| 04/25/2064 | &nbsp;&nbsp; 3.850% | 3584099 | &nbsp;&nbsp; 3522785 |
| Banc of America Funding Trust | Banc of America Funding Trust | Banc of America Funding Trust | Banc of America Funding Trust |
| CMO Series 2006-3 Class 4A14 | CMO Series 2006-3 Class 4A14 | CMO Series 2006-3 Class 4A14 | CMO Series 2006-3 Class 4A14 |
| 03/25/2036 | &nbsp;&nbsp; 6.000% | 179729 | &nbsp;&nbsp; 156400 |
| CMO Series 2006-3 Class 5A3 | CMO Series 2006-3 Class 5A3 | CMO Series 2006-3 Class 5A3 | CMO Series 2006-3 Class 5A3 |
| 03/25/2036 | &nbsp;&nbsp; 5.500% | 253384 | &nbsp;&nbsp; 234772 |
| Banc of America Funding Trust<sup>(q)</sup>  | Banc of America Funding Trust<sup>(q)</sup>  | Banc of America Funding Trust<sup>(q)</sup>  | Banc of America Funding Trust<sup>(q)</sup>  |
| CMO Series 2006-D Class 3A1 | CMO Series 2006-D Class 3A1 | CMO Series 2006-D Class 3A1 | CMO Series 2006-D Class 3A1 |
| 05/20/2036 | &nbsp;&nbsp; 4.872% | 511691 | &nbsp;&nbsp; 460101 |
| Banc of America Funding Trust<sup>(c)</sup>  | Banc of America Funding Trust<sup>(c)</sup>  | Banc of America Funding Trust<sup>(c)</sup>  | Banc of America Funding Trust<sup>(c)</sup>  |
| CMO Series 2007-C Class 7A1 | CMO Series 2007-C Class 7A1 | CMO Series 2007-C Class 7A1 | CMO Series 2007-C Class 7A1 |
| 1-month Term SOFR + 0.534% <br>Floor 0.420% <br>05/20/2047<br>| &nbsp;&nbsp; 4.202% | 1027723 | &nbsp;&nbsp; 972201 |
| Bayview MSR Opportunity Master Fund Trust<sup>(b),(e)</sup>  | Bayview MSR Opportunity Master Fund Trust<sup>(b),(e)</sup>  | Bayview MSR Opportunity Master Fund Trust<sup>(b),(e)</sup>  | Bayview MSR Opportunity Master Fund Trust<sup>(b),(e)</sup>  |
| Subordinated CMO Series 2021-5 Class B1 | Subordinated CMO Series 2021-5 Class B1 | Subordinated CMO Series 2021-5 Class B1 | Subordinated CMO Series 2021-5 Class B1 |
| 11/25/2051 | &nbsp;&nbsp; 3.480% | 900574 | &nbsp;&nbsp; 807099 |
| Subordinated CMO Series 2022-2 Class B3A | Subordinated CMO Series 2022-2 Class B3A | Subordinated CMO Series 2022-2 Class B3A | Subordinated CMO Series 2022-2 Class B3A |
| 12/25/2051 | &nbsp;&nbsp; 3.395% | 1362789 | &nbsp;&nbsp; 1180015 |
| Carrington Mortgage Loan Trust<sup>(c)</sup>  | Carrington Mortgage Loan Trust<sup>(c)</sup>  | Carrington Mortgage Loan Trust<sup>(c)</sup>  | Carrington Mortgage Loan Trust<sup>(c)</sup>  |
| CMO Series 2006-NC3 Class A3 | CMO Series 2006-NC3 Class A3 | CMO Series 2006-NC3 Class A3 | CMO Series 2006-NC3 Class A3 |
| 1-month Term SOFR + 0.264% <br>Floor 0.150%, Cap 12.500% <br>08/25/2036<br>| &nbsp;&nbsp; 4.087% | 751083 | &nbsp;&nbsp; 733856 |
| CMO Series 2006-NC3 Class A4 | CMO Series 2006-NC3 Class A4 | CMO Series 2006-NC3 Class A4 | CMO Series 2006-NC3 Class A4 |
| 1-month Term SOFR + 0.354% <br>Floor 0.240%, Cap 12.500% <br>08/25/2036<br>| &nbsp;&nbsp; 4.267% | 9300000 | &nbsp;&nbsp; 8055530 |
| Chase Home Lending Mortgage Trust<sup>(b),(e)</sup>  | Chase Home Lending Mortgage Trust<sup>(b),(e)</sup>  | Chase Home Lending Mortgage Trust<sup>(b),(e)</sup>  | Chase Home Lending Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2024-6 Class A9A | CMO Series 2024-6 Class A9A | CMO Series 2024-6 Class A9A | CMO Series 2024-6 Class A9A |
| 05/25/2055 | &nbsp;&nbsp; 6.000% | 918842 | &nbsp;&nbsp; 927599 |
| CMO Series 2024-8 Class B3 | CMO Series 2024-8 Class B3 | CMO Series 2024-8 Class B3 | CMO Series 2024-8 Class B3 |
| 08/25/2055 | &nbsp;&nbsp; 7.033% | 1471280 | &nbsp;&nbsp; 1582127 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2024-RPL2 Class A1A | CMO Series 2024-RPL2 Class A1A | CMO Series 2024-RPL2 Class A1A | CMO Series 2024-RPL2 Class A1A |
| 08/25/2064 | &nbsp;&nbsp; 3.250% | 1087549 | &nbsp;&nbsp; 981287 |
| CMO Series 2025-12 Class A9B | CMO Series 2025-12 Class A9B | CMO Series 2025-12 Class A9B | CMO Series 2025-12 Class A9B |
| 09/25/2056 | &nbsp;&nbsp; 5.500% | 3070749 | &nbsp;&nbsp; 3081544 |
| CIM Group<sup>(b),(e)</sup>  | CIM Group<sup>(b),(e)</sup>  | CIM Group<sup>(b),(e)</sup>  | CIM Group<sup>(b),(e)</sup>  |
| CMO Series 2020-R7 Class A1A | CMO Series 2020-R7 Class A1A | CMO Series 2020-R7 Class A1A | CMO Series 2020-R7 Class A1A |
| 12/27/2061 | &nbsp;&nbsp; 2.250% | 4053629 | &nbsp;&nbsp; 3795540 |
| CIM Trust<sup>(b),(e)</sup>  | CIM Trust<sup>(b),(e)</sup>  | CIM Trust<sup>(b),(e)</sup>  | CIM Trust<sup>(b),(e)</sup>  |
| CMO Series 2019-J2 Class B1 | CMO Series 2019-J2 Class B1 | CMO Series 2019-J2 Class B1 | CMO Series 2019-J2 Class B1 |
| 10/25/2049 | &nbsp;&nbsp; 3.763% | 746666 | &nbsp;&nbsp; 699027 |
| CMO Series 2019-R5 Class M2 | CMO Series 2019-R5 Class M2 | CMO Series 2019-R5 Class M2 | CMO Series 2019-R5 Class M2 |
| 09/25/2059 | &nbsp;&nbsp; 3.250% | 1100000 | &nbsp;&nbsp; 1048217 |
| CMO Series 2020-R6 Class A1A | CMO Series 2020-R6 Class A1A | CMO Series 2020-R6 Class A1A | CMO Series 2020-R6 Class A1A |
| 12/25/2060 | &nbsp;&nbsp; 2.250% | 2735413 | &nbsp;&nbsp; 2562155 |
| CMO Series 2021-R3 Class A1 | CMO Series 2021-R3 Class A1 | CMO Series 2021-R3 Class A1 | CMO Series 2021-R3 Class A1 |
| 06/25/2057 | &nbsp;&nbsp; 1.951% | 3252154 | &nbsp;&nbsp; 3009223 |
| CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A |
| 06/25/2057 | &nbsp;&nbsp; 1.951% | 4474371 | &nbsp;&nbsp; 4192591 |
| CMO Series 2023-R1 Class A1A | CMO Series 2023-R1 Class A1A | CMO Series 2023-R1 Class A1A | CMO Series 2023-R1 Class A1A |
| 04/25/2062 | &nbsp;&nbsp; 5.400% | 9231939 | &nbsp;&nbsp; 9324011 |
| CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A |
| 01/25/2063 | &nbsp;&nbsp; 4.500% | 8002044 | &nbsp;&nbsp; 7821118 |
| CMO Series 2024-R1 Class A1 | CMO Series 2024-R1 Class A1 | CMO Series 2024-R1 Class A1 | CMO Series 2024-R1 Class A1 |
| 06/25/2064 | &nbsp;&nbsp; 4.750% | 2167766 | &nbsp;&nbsp; 2173878 |
| CIM Trust<sup>(b),(n)</sup>  | CIM Trust<sup>(b),(n)</sup>  | CIM Trust<sup>(b),(n)</sup>  | CIM Trust<sup>(b),(n)</sup>  |
| CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 |
| 02/25/2099 | &nbsp;&nbsp; 5.000% | 9821958 | &nbsp;&nbsp; 9795478 |
| Citicorp Mortgage Securities Trust | Citicorp Mortgage Securities Trust | Citicorp Mortgage Securities Trust | Citicorp Mortgage Securities Trust |
| CMO Series 2007-8 Class 1A3 | CMO Series 2007-8 Class 1A3 | CMO Series 2007-8 Class 1A3 | CMO Series 2007-8 Class 1A3 |
| 09/25/2037 | &nbsp;&nbsp; 6.000% | 124999 | &nbsp;&nbsp; 130036 |
| Citigroup Mortgage Loan Trust<sup>(b),(e)</sup>  | Citigroup Mortgage Loan Trust<sup>(b),(e)</sup>  | Citigroup Mortgage Loan Trust<sup>(b),(e)</sup>  | Citigroup Mortgage Loan Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-INV1 Class A20 | CMO Series 2025-INV1 Class A20 | CMO Series 2025-INV1 Class A20 | CMO Series 2025-INV1 Class A20 |
| 01/25/2055 | &nbsp;&nbsp; 6.000% | 1204028 | &nbsp;&nbsp; 1220019 |
| CMO Series 2025-RP1 Class A1 | CMO Series 2025-RP1 Class A1 | CMO Series 2025-RP1 Class A1 | CMO Series 2025-RP1 Class A1 |
| 01/25/2064 | &nbsp;&nbsp; 4.195% | 10294782 | &nbsp;&nbsp; 9822296 |
| CMO Series 2025-RP1 Class A2 | CMO Series 2025-RP1 Class A2 | CMO Series 2025-RP1 Class A2 | CMO Series 2025-RP1 Class A2 |
| 01/25/2064 | &nbsp;&nbsp; 4.183% | 490540 | &nbsp;&nbsp; 384395 |
| CMO Series 2025-RP1 Class B1 | CMO Series 2025-RP1 Class B1 | CMO Series 2025-RP1 Class B1 | CMO Series 2025-RP1 Class B1 |
| 01/25/2064 | &nbsp;&nbsp; 4.183% | 196216 | &nbsp;&nbsp; 128050 |
| CMO Series 2025-RP1 Class B2 | CMO Series 2025-RP1 Class B2 | CMO Series 2025-RP1 Class B2 | CMO Series 2025-RP1 Class B2 |
| 01/25/2064 | &nbsp;&nbsp; 4.183% | 124284 | &nbsp;&nbsp; 70979 |
| CMO Series 2025-RP1 Class B3 | CMO Series 2025-RP1 Class B3 | CMO Series 2025-RP1 Class B3 | CMO Series 2025-RP1 Class B3 |
| 01/25/2064 | &nbsp;&nbsp; 4.183% | 156973 | &nbsp;&nbsp; 74552 |
| CMO Series 2025-RP1 Class B4 | CMO Series 2025-RP1 Class B4 | CMO Series 2025-RP1 Class B4 | CMO Series 2025-RP1 Class B4 |
| 01/25/2064 | &nbsp;&nbsp; 4.183% | 149219 | &nbsp;&nbsp; 54795 |
| CMO Series 2025-RP1 Class M1 | CMO Series 2025-RP1 Class M1 | CMO Series 2025-RP1 Class M1 | CMO Series 2025-RP1 Class M1 |
| 01/25/2064 | &nbsp;&nbsp; 4.183% | 418608 | &nbsp;&nbsp; 323696 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2025-RP1 Class M2 | CMO Series 2025-RP1 Class M2 | CMO Series 2025-RP1 Class M2 | CMO Series 2025-RP1 Class M2 |
| 01/25/2064 | &nbsp;&nbsp; 4.183% | 261594 | &nbsp;&nbsp; 189972 |
| CMO Series 2025-RP1 Class X | CMO Series 2025-RP1 Class X | CMO Series 2025-RP1 Class X | CMO Series 2025-RP1 Class X |
| 01/25/2064 | &nbsp;&nbsp; 0.000% | 12164899 | &nbsp;&nbsp; 1216 |
| Citigroup Mortgage Loan Trust<sup>(b),(e),(g)</sup>  | Citigroup Mortgage Loan Trust<sup>(b),(e),(g)</sup>  | Citigroup Mortgage Loan Trust<sup>(b),(e),(g)</sup>  | Citigroup Mortgage Loan Trust<sup>(b),(e),(g)</sup>  |
| CMO Series 2025-RP1 Class SA | CMO Series 2025-RP1 Class SA | CMO Series 2025-RP1 Class SA | CMO Series 2025-RP1 Class SA |
| 01/25/2064 | &nbsp;&nbsp; 0.000% | 22818 | &nbsp;&nbsp; 20245 |
| Citigroup Mortgage Loan Trust, Inc.<sup>(b),(e)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(b),(e)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(b),(e)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(b),(e)</sup>  |
| Subordinated CMO Series 2021-J2 Class B3W | Subordinated CMO Series 2021-J2 Class B3W | Subordinated CMO Series 2021-J2 Class B3W | Subordinated CMO Series 2021-J2 Class B3W |
| 07/25/2051 | &nbsp;&nbsp; 2.768% | 431760 | &nbsp;&nbsp; 375208 |
| Connecticut Avenue Securities<sup>(b),(c)</sup>  | Connecticut Avenue Securities<sup>(b),(c)</sup>  | Connecticut Avenue Securities<sup>(b),(c)</sup>  | Connecticut Avenue Securities<sup>(b),(c)</sup>  |
| CMO Series 2023-R07 Class 2M2 | CMO Series 2023-R07 Class 2M2 | CMO Series 2023-R07 Class 2M2 | CMO Series 2023-R07 Class 2M2 |
| 30-day Average SOFR + <br> 3.250% <br>09/25/2043<br>| &nbsp;&nbsp; 6.917% | 3400000 | &nbsp;&nbsp; 3512838 |
| Connecticut Avenue Securities Trust<sup>(b),(c)</sup>  | Connecticut Avenue Securities Trust<sup>(b),(c)</sup>  | Connecticut Avenue Securities Trust<sup>(b),(c)</sup>  | Connecticut Avenue Securities Trust<sup>(b),(c)</sup>  |
| CMO Series 2020-SBT1 Class 1M2 | CMO Series 2020-SBT1 Class 1M2 | CMO Series 2020-SBT1 Class 1M2 | CMO Series 2020-SBT1 Class 1M2 |
| 30-day Average SOFR + <br> 3.764% <br>02/25/2040<br>| &nbsp;&nbsp; 7.432% | 1500000 | &nbsp;&nbsp; 1538505 |
| CMO Series 2022-R07 Class 1M2 | CMO Series 2022-R07 Class 1M2 | CMO Series 2022-R07 Class 1M2 | CMO Series 2022-R07 Class 1M2 |
| 30-day Average SOFR + <br> 4.650% <br>06/25/2042<br>| &nbsp;&nbsp; 8.317% | 2700000 | &nbsp;&nbsp; 2825721 |
| CMO Series 2023-R01 Class 1M2 | CMO Series 2023-R01 Class 1M2 | CMO Series 2023-R01 Class 1M2 | CMO Series 2023-R01 Class 1M2 |
| 30-day Average SOFR + <br> 3.750% <br>12/25/2042<br>| &nbsp;&nbsp; 7.417% | 3750000 | &nbsp;&nbsp; 3919276 |
| CMO Series 2024-R02 Class 1M2 | CMO Series 2024-R02 Class 1M2 | CMO Series 2024-R02 Class 1M2 | CMO Series 2024-R02 Class 1M2 |
| 30-day Average SOFR + <br> 1.800% <br>Floor 1.800% <br>02/25/2044<br>| &nbsp;&nbsp; 5.467% | 1500000 | &nbsp;&nbsp; 1511743 |
| CMO Series 2024-R04 Class 1B1 | CMO Series 2024-R04 Class 1B1 | CMO Series 2024-R04 Class 1B1 | CMO Series 2024-R04 Class 1B1 |
| 30-day Average SOFR + <br> 2.200% <br>05/25/2044<br>| &nbsp;&nbsp; 5.867% | 3400000 | &nbsp;&nbsp; 3450986 |
| CMO Series 2024-R04 Class 1M1 | CMO Series 2024-R04 Class 1M1 | CMO Series 2024-R04 Class 1M1 | CMO Series 2024-R04 Class 1M1 |
| 30-day Average SOFR + <br> 1.100% <br>05/25/2044<br>| &nbsp;&nbsp; 4.767% | 1271346 | &nbsp;&nbsp; 1271852 |
| Subordinated CMO Series 2019-R05 Class 1B1 | Subordinated CMO Series 2019-R05 Class 1B1 | Subordinated CMO Series 2019-R05 Class 1B1 | Subordinated CMO Series 2019-R05 Class 1B1 |
| 30-day Average SOFR + <br> 4.214% <br>07/25/2039<br>| &nbsp;&nbsp; 7.882% | 1111267 | &nbsp;&nbsp; 1123894 |
| Subordinated CMO Series 2020-R02 Class 2B1 | Subordinated CMO Series 2020-R02 Class 2B1 | Subordinated CMO Series 2020-R02 Class 2B1 | Subordinated CMO Series 2020-R02 Class 2B1 |
| 30-day Average SOFR + <br> 3.114% <br>01/25/2040<br>| &nbsp;&nbsp; 6.782% | 5250000 | &nbsp;&nbsp; 5331327 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated CMO Series 2022-R02 Class 2B1 | Subordinated CMO Series 2022-R02 Class 2B1 | Subordinated CMO Series 2022-R02 Class 2B1 | Subordinated CMO Series 2022-R02 Class 2B1 |
| 30-day Average SOFR + <br> 4.500% <br>01/25/2042<br>| &nbsp;&nbsp; 8.167% | 1000000 | &nbsp;&nbsp; 1029073 |
| Subordinated CMO Series 2022-R04 Class 1B1 | Subordinated CMO Series 2022-R04 Class 1B1 | Subordinated CMO Series 2022-R04 Class 1B1 | Subordinated CMO Series 2022-R04 Class 1B1 |
| 30-day Average SOFR + <br> 5.250% <br>03/25/2042<br>| &nbsp;&nbsp; 8.917% | 750000 | &nbsp;&nbsp; 781668 |
| Subordinated CMO Series 2024-R03 Class 2B1 | Subordinated CMO Series 2024-R03 Class 2B1 | Subordinated CMO Series 2024-R03 Class 2B1 | Subordinated CMO Series 2024-R03 Class 2B1 |
| 30-day Average SOFR + <br> 2.800% <br>03/25/2044<br>| &nbsp;&nbsp; 6.467% | 1000000 | &nbsp;&nbsp; 1032034 |
| COOPR Residential Mortgage Trust<sup>(b),(n)</sup>  | COOPR Residential Mortgage Trust<sup>(b),(n)</sup>  | COOPR Residential Mortgage Trust<sup>(b),(n)</sup>  | COOPR Residential Mortgage Trust<sup>(b),(n)</sup>  |
| CMO Series 2025-CES2 Class A1A | CMO Series 2025-CES2 Class A1A | CMO Series 2025-CES2 Class A1A | CMO Series 2025-CES2 Class A1A |
| 06/25/2060 | &nbsp;&nbsp; 5.502% | 6190628 | &nbsp;&nbsp; 6291831 |
| Countrywide Home Loan Mortgage Pass-Through Trust<sup>(e)</sup>  | Countrywide Home Loan Mortgage Pass-Through Trust<sup>(e)</sup>  | Countrywide Home Loan Mortgage Pass-Through Trust<sup>(e)</sup>  | Countrywide Home Loan Mortgage Pass-Through Trust<sup>(e)</sup>  |
| CMO Series 2007-HY5 Class 1A1 | CMO Series 2007-HY5 Class 1A1 | CMO Series 2007-HY5 Class 1A1 | CMO Series 2007-HY5 Class 1A1 |
| 09/25/2047 | &nbsp;&nbsp; 5.031% | 274840 | &nbsp;&nbsp; 215112 |
| Credit Suisse Mortgage Capital Trust<sup>(b),(e)</sup>  | Credit Suisse Mortgage Capital Trust<sup>(b),(e)</sup>  | Credit Suisse Mortgage Capital Trust<sup>(b),(e)</sup>  | Credit Suisse Mortgage Capital Trust<sup>(b),(e)</sup>  |
| CMO Series 2021-RP11 Class PT | CMO Series 2021-RP11 Class PT | CMO Series 2021-RP11 Class PT | CMO Series 2021-RP11 Class PT |
| 10/25/2061 | &nbsp;&nbsp; 3.718% | 6425346 | &nbsp;&nbsp; 5470149 |
| Credit Suisse Mortgage Trust<sup>(b),(e)</sup>  | Credit Suisse Mortgage Trust<sup>(b),(e)</sup>  | Credit Suisse Mortgage Trust<sup>(b),(e)</sup>  | Credit Suisse Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2022-ATH2 Class A1 | CMO Series 2022-ATH2 Class A1 | CMO Series 2022-ATH2 Class A1 | CMO Series 2022-ATH2 Class A1 |
| 05/25/2067 | &nbsp;&nbsp; 4.547% | 4671340 | &nbsp;&nbsp; 4650946 |
| Credit-Based Asset Servicing & Securitization LLC<sup>(n)</sup>  | Credit-Based Asset Servicing & Securitization LLC<sup>(n)</sup>  | Credit-Based Asset Servicing & Securitization LLC<sup>(n)</sup>  | Credit-Based Asset Servicing & Securitization LLC<sup>(n)</sup>  |
| CMO Series 2007-CB1 Class AF3 | CMO Series 2007-CB1 Class AF3 | CMO Series 2007-CB1 Class AF3 | CMO Series 2007-CB1 Class AF3 |
| 01/25/2037 | &nbsp;&nbsp; 3.171% | 3154353 | &nbsp;&nbsp; 872893 |
| Cross Mortgage Trust<sup>(b),(e)</sup>  | Cross Mortgage Trust<sup>(b),(e)</sup>  | Cross Mortgage Trust<sup>(b),(e)</sup>  | Cross Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.509% | 3020290 | &nbsp;&nbsp; 3056029 |
| CMO Series 2025-H7 Class A1 | CMO Series 2025-H7 Class A1 | CMO Series 2025-H7 Class A1 | CMO Series 2025-H7 Class A1 |
| 09/25/2070 | &nbsp;&nbsp; 4.934% | 4637509 | &nbsp;&nbsp; 4654444 |
| CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 |
| 02/25/2061 | &nbsp;&nbsp; 4.699% | 11477444 | &nbsp;&nbsp; 11463377 |
| Cross Mortgage Trust<sup>(b),(n)</sup>  | Cross Mortgage Trust<sup>(b),(n)</sup>  | Cross Mortgage Trust<sup>(b),(n)</sup>  | Cross Mortgage Trust<sup>(b),(n)</sup>  |
| CMO Series 2026-NQM1-A2 Class A2 | CMO Series 2026-NQM1-A2 Class A2 | CMO Series 2026-NQM1-A2 Class A2 | CMO Series 2026-NQM1-A2 Class A2 |
| 02/25/2061 | &nbsp;&nbsp; 4.953% | 1673068 | &nbsp;&nbsp; 1672488 |
| CSMC Trust<sup>(b),(e)</sup>  | CSMC Trust<sup>(b),(e)</sup>  | CSMC Trust<sup>(b),(e)</sup>  | CSMC Trust<sup>(b),(e)</sup>  |
| CMO Series 2018-RPL4 Class PT | CMO Series 2018-RPL4 Class PT | CMO Series 2018-RPL4 Class PT | CMO Series 2018-RPL4 Class PT |
| 04/25/2058 | &nbsp;&nbsp; 4.678% | 1098274 | &nbsp;&nbsp; 1053214 |
| CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A | CMO Series 2018-RPL9 Class A |
| 09/25/2057 | &nbsp;&nbsp; 3.850% | 3713196 | &nbsp;&nbsp; 3632981 |
| CMO Series 2021-NQM6 Class A1 | CMO Series 2021-NQM6 Class A1 | CMO Series 2021-NQM6 Class A1 | CMO Series 2021-NQM6 Class A1 |
| 07/25/2066 | &nbsp;&nbsp; 1.174% | 5642269 | &nbsp;&nbsp; 4954167 |
| CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 | CMO Series 2022-NQM1 Class A1 |
| 11/25/2066 | &nbsp;&nbsp; 2.265% | 10149660 | &nbsp;&nbsp; 9467241 |
| CMO Series 2022-RPL4 Class A1 | CMO Series 2022-RPL4 Class A1 | CMO Series 2022-RPL4 Class A1 | CMO Series 2022-RPL4 Class A1 |
| 04/25/2062 | &nbsp;&nbsp; 3.905% | 2025132 | &nbsp;&nbsp; 1975231 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CSMCM Trust<sup>(b)</sup>  | CSMCM Trust<sup>(b)</sup>  | CSMCM Trust<sup>(b)</sup>  | CSMCM Trust<sup>(b)</sup>  |
| CMO Series 2021-RP11 Class CERT | CMO Series 2021-RP11 Class CERT | CMO Series 2021-RP11 Class CERT | CMO Series 2021-RP11 Class CERT |
| 10/27/2061 | &nbsp;&nbsp; 3.778% | 266488 | &nbsp;&nbsp; 212596 |
| Deephaven Residential Mortgage Trust<sup>(b),(e)</sup>  | Deephaven Residential Mortgage Trust<sup>(b),(e)</sup>  | Deephaven Residential Mortgage Trust<sup>(b),(e)</sup>  | Deephaven Residential Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 | CMO Series 2021-4 Class M1 |
| 11/25/2066 | &nbsp;&nbsp; 3.257% | 2000000 | &nbsp;&nbsp; 1612071 |
| Deephaven Residential Mortgage Trust<sup>(b),(n)</sup>  | Deephaven Residential Mortgage Trust<sup>(b),(n)</sup>  | Deephaven Residential Mortgage Trust<sup>(b),(n)</sup>  | Deephaven Residential Mortgage Trust<sup>(b),(n)</sup>  |
| CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 |
| 07/25/2069 | &nbsp;&nbsp; 5.735% | 9566770 | &nbsp;&nbsp; 9664234 |
| Downey Savings & Loan Association Mortgage Loan Trust<sup>(c)</sup>  | Downey Savings & Loan Association Mortgage Loan Trust<sup>(c)</sup>  | Downey Savings & Loan Association Mortgage Loan Trust<sup>(c)</sup>  | Downey Savings & Loan Association Mortgage Loan Trust<sup>(c)</sup>  |
| CMO Series 2005-AR6 Class 2A1A | CMO Series 2005-AR6 Class 2A1A | CMO Series 2005-AR6 Class 2A1A | CMO Series 2005-AR6 Class 2A1A |
| 1-month Term SOFR + 0.694% <br>Floor 0.580%, Cap 11.000% <br>10/19/2045<br>| &nbsp;&nbsp; 4.361% | 928003 | &nbsp;&nbsp; 873763 |
| CMO Series 2006-AR2 Class 2A1A | CMO Series 2006-AR2 Class 2A1A | CMO Series 2006-AR2 Class 2A1A | CMO Series 2006-AR2 Class 2A1A |
| 1-month Term SOFR + 0.314% <br>Floor 0.200% <br>10/19/2036<br>| &nbsp;&nbsp; 3.990% | 1553028 | &nbsp;&nbsp; 1060645 |
| Ellington Financial Mortgage Trust<sup>(b),(n)</sup>  | Ellington Financial Mortgage Trust<sup>(b),(n)</sup>  | Ellington Financial Mortgage Trust<sup>(b),(n)</sup>  | Ellington Financial Mortgage Trust<sup>(b),(n)</sup>  |
| CMO Series 2025-INV3 Class A1 | CMO Series 2025-INV3 Class A1 | CMO Series 2025-INV3 Class A1 | CMO Series 2025-INV3 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.444% | 3799291 | &nbsp;&nbsp; 3845771 |
| FIGRE Trust<sup>(b),(e)</sup>  | FIGRE Trust<sup>(b),(e)</sup>  | FIGRE Trust<sup>(b),(e)</sup>  | FIGRE Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-HE7 Class A | CMO Series 2025-HE7 Class A | CMO Series 2025-HE7 Class A | CMO Series 2025-HE7 Class A |
| 11/25/2055 | &nbsp;&nbsp; 5.150% | 8289347 | &nbsp;&nbsp; 8352306 |
| CMO Series 2025-HE8 Class A | CMO Series 2025-HE8 Class A | CMO Series 2025-HE8 Class A | CMO Series 2025-HE8 Class A |
| 11/25/2055 | &nbsp;&nbsp; 5.206% | 9379326 | &nbsp;&nbsp; 9460698 |
| CMO Series 2026-HE1 Class A | CMO Series 2026-HE1 Class A | CMO Series 2026-HE1 Class A | CMO Series 2026-HE1 Class A |
| 01/25/2056 | &nbsp;&nbsp; 4.982% | 10732203 | &nbsp;&nbsp; 10816486 |
| First Franklin Mortgage Loan Trust<sup>(c)</sup>  | First Franklin Mortgage Loan Trust<sup>(c)</sup>  | First Franklin Mortgage Loan Trust<sup>(c)</sup>  | First Franklin Mortgage Loan Trust<sup>(c)</sup>  |
| CMO Series 2006-FF18 Class A2D | CMO Series 2006-FF18 Class A2D | CMO Series 2006-FF18 Class A2D | CMO Series 2006-FF18 Class A2D |
| 1-month Term SOFR + 0.324% <br>Floor 0.210%, Cap 5.350% <br>12/25/2037<br>| &nbsp;&nbsp; 3.624% | 994940 | &nbsp;&nbsp; 932073 |
| CMO Series 2007-FF2 Class A2B | CMO Series 2007-FF2 Class A2B | CMO Series 2007-FF2 Class A2B | CMO Series 2007-FF2 Class A2B |
| 1-month Term SOFR + 0.214% <br>Floor 0.100% <br>03/25/2037<br>| &nbsp;&nbsp; 3.940% | 2917634 | &nbsp;&nbsp; 1389909 |
| First Horizon Mortgage Pass-Through Trust<sup>(e)</sup>  | First Horizon Mortgage Pass-Through Trust<sup>(e)</sup>  | First Horizon Mortgage Pass-Through Trust<sup>(e)</sup>  | First Horizon Mortgage Pass-Through Trust<sup>(e)</sup>  |
| CMO Series 2007-AR1 Class 1A1 | CMO Series 2007-AR1 Class 1A1 | CMO Series 2007-AR1 Class 1A1 | CMO Series 2007-AR1 Class 1A1 |
| 05/25/2037 | &nbsp;&nbsp; 4.924% | 197239 | &nbsp;&nbsp; 76850 |
| Flagstar Mortgage Trust<sup>(b),(e)</sup>  | Flagstar Mortgage Trust<sup>(b),(e)</sup>  | Flagstar Mortgage Trust<sup>(b),(e)</sup>  | Flagstar Mortgage Trust<sup>(b),(e)</sup>  |
| Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 |
| 12/25/2049 | &nbsp;&nbsp; 4.004% | 790664 | &nbsp;&nbsp; 742351 |
| Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 |
| 12/25/2049 | &nbsp;&nbsp; 4.004% | 845630 | &nbsp;&nbsp; 795222 |
| Subordinated CMO Series 2021-12 Class B2 | Subordinated CMO Series 2021-12 Class B2 | Subordinated CMO Series 2021-12 Class B2 | Subordinated CMO Series 2021-12 Class B2 |
| 11/25/2051 | &nbsp;&nbsp; 2.982% | 1165939 | &nbsp;&nbsp; 989566 |
| Freddie Mac Seasoned Credit Risk Transfer Trust<sup>(e)</sup>  | Freddie Mac Seasoned Credit Risk Transfer Trust<sup>(e)</sup>  | Freddie Mac Seasoned Credit Risk Transfer Trust<sup>(e)</sup>  | Freddie Mac Seasoned Credit Risk Transfer Trust<sup>(e)</sup>  |
| CMO Series 2018-3 Class MA | CMO Series 2018-3 Class MA | CMO Series 2018-3 Class MA | CMO Series 2018-3 Class MA |
| 08/25/2057 | &nbsp;&nbsp; 3.500% | 4455040 | &nbsp;&nbsp; 4397605 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Freddie Mac STACR Remic Trust<sup>(b),(c)</sup>  | Freddie Mac STACR Remic Trust<sup>(b),(c)</sup>  | Freddie Mac STACR Remic Trust<sup>(b),(c)</sup>  | Freddie Mac STACR Remic Trust<sup>(b),(c)</sup>  |
| CMO Series 2022-DNA2 Class M2 | CMO Series 2022-DNA2 Class M2 | CMO Series 2022-DNA2 Class M2 | CMO Series 2022-DNA2 Class M2 |
| 30-day Average SOFR + <br> 3.750% <br>02/25/2042<br>| &nbsp;&nbsp; 7.417% | 4500000 | &nbsp;&nbsp; 4609710 |
| CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 |
| 30-day Average SOFR + <br> 1.650% <br>02/25/2045<br>| &nbsp;&nbsp; 5.317% | 1500000 | &nbsp;&nbsp; 1505527 |
| Freddie Mac STACR REMIC Trust<sup>(b),(c)</sup>  | Freddie Mac STACR REMIC Trust<sup>(b),(c)</sup>  | Freddie Mac STACR REMIC Trust<sup>(b),(c)</sup>  | Freddie Mac STACR REMIC Trust<sup>(b),(c)</sup>  |
| CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 | CMO Series 2021-DNA5 Class M2 |
| 30-day Average SOFR + <br> 1.650% <br>01/25/2034<br>| &nbsp;&nbsp; 5.317% | 322863 | &nbsp;&nbsp; 324176 |
| CMO Series 2021-DNA6 Class M2 | CMO Series 2021-DNA6 Class M2 | CMO Series 2021-DNA6 Class M2 | CMO Series 2021-DNA6 Class M2 |
| 30-day Average SOFR + <br> 1.500% <br>10/25/2041<br>| &nbsp;&nbsp; 5.167% | 8993774 | &nbsp;&nbsp; 9018277 |
| CMO Series 2021-HQA3 Class M2 | CMO Series 2021-HQA3 Class M2 | CMO Series 2021-HQA3 Class M2 | CMO Series 2021-HQA3 Class M2 |
| 30-day Average SOFR + <br> 2.100% <br>09/25/2041<br>| &nbsp;&nbsp; 5.767% | 2410000 | &nbsp;&nbsp; 2425006 |
| CMO Series 2021-HQA4 Class M2 | CMO Series 2021-HQA4 Class M2 | CMO Series 2021-HQA4 Class M2 | CMO Series 2021-HQA4 Class M2 |
| 30-day Average SOFR + <br> 2.350% <br>12/25/2041<br>| &nbsp;&nbsp; 6.017% | 3000000 | &nbsp;&nbsp; 3035117 |
| CMO Series 2022-DNA1 Class M2 | CMO Series 2022-DNA1 Class M2 | CMO Series 2022-DNA1 Class M2 | CMO Series 2022-DNA1 Class M2 |
| 30-day Average SOFR + <br> 2.500% <br>01/25/2042<br>| &nbsp;&nbsp; 6.167% | 4875000 | &nbsp;&nbsp; 4933276 |
| CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B | CMO Series 2022-DNA3 Class M1B |
| 30-day Average SOFR + <br> 2.900% <br>04/25/2042<br>| &nbsp;&nbsp; 6.567% | 4140000 | &nbsp;&nbsp; 4232932 |
| CMO Series 2022-HQA3 Class M2 | CMO Series 2022-HQA3 Class M2 | CMO Series 2022-HQA3 Class M2 | CMO Series 2022-HQA3 Class M2 |
| 30-day Average SOFR + <br> 5.350% <br>08/25/2042<br>| &nbsp;&nbsp; 9.017% | 1500000 | &nbsp;&nbsp; 1590702 |
| CMO Series 2024-HQA2 Class M2 | CMO Series 2024-HQA2 Class M2 | CMO Series 2024-HQA2 Class M2 | CMO Series 2024-HQA2 Class M2 |
| 30-day Average SOFR + <br> 1.800% <br>08/25/2044<br>| &nbsp;&nbsp; 5.467% | 3500000 | &nbsp;&nbsp; 3525143 |
| Subordinated CMO Series 2021-DNA6 Class B1 | Subordinated CMO Series 2021-DNA6 Class B1 | Subordinated CMO Series 2021-DNA6 Class B1 | Subordinated CMO Series 2021-DNA6 Class B1 |
| 30-day Average SOFR + <br> 3.400% <br>10/25/2041<br>| &nbsp;&nbsp; 7.067% | 2000000 | &nbsp;&nbsp; 2031184 |
| Subordinated CMO Series 2021-DNA7 Class M2 | Subordinated CMO Series 2021-DNA7 Class M2 | Subordinated CMO Series 2021-DNA7 Class M2 | Subordinated CMO Series 2021-DNA7 Class M2 |
| 30-day Average SOFR + <br> 1.800% <br>11/25/2041<br>| &nbsp;&nbsp; 5.467% | 960000 | &nbsp;&nbsp; 964205 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated CMO Series 2021-HQA3 Class B1 | Subordinated CMO Series 2021-HQA3 Class B1 | Subordinated CMO Series 2021-HQA3 Class B1 | Subordinated CMO Series 2021-HQA3 Class B1 |
| 30-day Average SOFR + <br> 3.350% <br>09/25/2041<br>| &nbsp;&nbsp; 7.017% | 620000 | &nbsp;&nbsp; 626871 |
| Subordinated CMO Series 2022-DNA6 Class M2 | Subordinated CMO Series 2022-DNA6 Class M2 | Subordinated CMO Series 2022-DNA6 Class M2 | Subordinated CMO Series 2022-DNA6 Class M2 |
| 30-day Average SOFR + <br> 5.750% <br>09/25/2042<br>| &nbsp;&nbsp; 9.417% | 6000000 | &nbsp;&nbsp; 6413227 |
| Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b),(c)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b),(c)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b),(c)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b),(c)</sup>  |
| Subordinated CMO Series 2020-HQA5 Class B1 | Subordinated CMO Series 2020-HQA5 Class B1 | Subordinated CMO Series 2020-HQA5 Class B1 | Subordinated CMO Series 2020-HQA5 Class B1 |
| 30-day Average SOFR + <br> 4.000% <br>11/25/2050<br>| &nbsp;&nbsp; 7.667% | 1805000 | &nbsp;&nbsp; 1980802 |
| Subordinated CMO Series 2021-DNA7 Class B1 | Subordinated CMO Series 2021-DNA7 Class B1 | Subordinated CMO Series 2021-DNA7 Class B1 | Subordinated CMO Series 2021-DNA7 Class B1 |
| 30-day Average SOFR + <br> 3.650% <br>11/25/2041<br>| &nbsp;&nbsp; 7.317% | 710000 | &nbsp;&nbsp; 723633 |
| Subordinated CMO Series 2022-DNA2 Class B1 | Subordinated CMO Series 2022-DNA2 Class B1 | Subordinated CMO Series 2022-DNA2 Class B1 | Subordinated CMO Series 2022-DNA2 Class B1 |
| 30-day Average SOFR + <br> 4.750% <br>02/25/2042<br>| &nbsp;&nbsp; 8.417% | 2000000 | &nbsp;&nbsp; 2067172 |
| Galton Funding Mortgage Trust<sup>(b),(e)</sup>  | Galton Funding Mortgage Trust<sup>(b),(e)</sup>  | Galton Funding Mortgage Trust<sup>(b),(e)</sup>  | Galton Funding Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2019-1 Class B1 | CMO Series 2019-1 Class B1 | CMO Series 2019-1 Class B1 | CMO Series 2019-1 Class B1 |
| 02/25/2059 | &nbsp;&nbsp; 4.250% | 1396792 | &nbsp;&nbsp; 1368152 |
| Subordinated CMO Series 2018-2 Class B2 | Subordinated CMO Series 2018-2 Class B2 | Subordinated CMO Series 2018-2 Class B2 | Subordinated CMO Series 2018-2 Class B2 |
| 10/25/2058 | &nbsp;&nbsp; 4.750% | 384940 | &nbsp;&nbsp; 380905 |
| Subordinated CMO Series 2019-1 Class B2 | Subordinated CMO Series 2019-1 Class B2 | Subordinated CMO Series 2019-1 Class B2 | Subordinated CMO Series 2019-1 Class B2 |
| 02/25/2059 | &nbsp;&nbsp; 4.500% | 786501 | &nbsp;&nbsp; 776181 |
| GCAT Trust<sup>(b),(e)</sup>  | GCAT Trust<sup>(b),(e)</sup>  | GCAT Trust<sup>(b),(e)</sup>  | GCAT Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 | CMO Series 2025-INV2 Class A1 |
| 05/25/2055 | &nbsp;&nbsp; 6.000% | 11429755 | &nbsp;&nbsp; 11638705 |
| CMO Series 2025-INV4 Class B3 | CMO Series 2025-INV4 Class B3 | CMO Series 2025-INV4 Class B3 | CMO Series 2025-INV4 Class B3 |
| 08/25/2055 | &nbsp;&nbsp; 7.268% | 2811703 | &nbsp;&nbsp; 3075836 |
| Genworth Mortgage Insurance Corp.<sup>(b),(c)</sup>  | Genworth Mortgage Insurance Corp.<sup>(b),(c)</sup>  | Genworth Mortgage Insurance Corp.<sup>(b),(c)</sup>  | Genworth Mortgage Insurance Corp.<sup>(b),(c)</sup>  |
| CMO Series 2021-3 Class M1B | CMO Series 2021-3 Class M1B | CMO Series 2021-3 Class M1B | CMO Series 2021-3 Class M1B |
| 30-day Average SOFR + <br> 2.900% <br>Floor 2.900% <br>02/25/2034<br>| &nbsp;&nbsp; 6.567% | 913 | &nbsp;&nbsp; 913 |
| GS Mortgage Backed Securities Trust<sup>(b),(n)</sup>  | GS Mortgage Backed Securities Trust<sup>(b),(n)</sup>  | GS Mortgage Backed Securities Trust<sup>(b),(n)</sup>  | GS Mortgage Backed Securities Trust<sup>(b),(n)</sup>  |
| CMO Series 2025-CES1 Class A1A | CMO Series 2025-CES1 Class A1A | CMO Series 2025-CES1 Class A1A | CMO Series 2025-CES1 Class A1A |
| 05/25/2055 | &nbsp;&nbsp; 5.568% | 5334584 | &nbsp;&nbsp; 5393636 |
| GS Mortgage-Backed Securities Corp. Trust<sup>(b),(e)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(b),(e)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(b),(e)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(b),(e)</sup>  |
| CMO Series 2019-PJ3 Class A1 | CMO Series 2019-PJ3 Class A1 | CMO Series 2019-PJ3 Class A1 | CMO Series 2019-PJ3 Class A1 |
| 03/25/2050 | &nbsp;&nbsp; 3.500% | 6760 | &nbsp;&nbsp; 6416 |
| CMO Subordinated Series 2021-PJ3 Class B3 | CMO Subordinated Series 2021-PJ3 Class B3 | CMO Subordinated Series 2021-PJ3 Class B3 | CMO Subordinated Series 2021-PJ3 Class B3 |
| 08/25/2051 | &nbsp;&nbsp; 2.649% | 609921 | &nbsp;&nbsp; 502886 |
| GS Mortgage-Backed Securities Trust<sup>(b),(e)</sup>  | GS Mortgage-Backed Securities Trust<sup>(b),(e)</sup>  | GS Mortgage-Backed Securities Trust<sup>(b),(e)</sup>  | GS Mortgage-Backed Securities Trust<sup>(b),(e)</sup>  |
| CMO Series 2021-PJ10 Class A8 | CMO Series 2021-PJ10 Class A8 | CMO Series 2021-PJ10 Class A8 | CMO Series 2021-PJ10 Class A8 |
| 03/25/2052 | &nbsp;&nbsp; 2.500% | 657915 | &nbsp;&nbsp; 600006 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2021-PJ11 Class B3 | CMO Series 2021-PJ11 Class B3 | CMO Series 2021-PJ11 Class B3 | CMO Series 2021-PJ11 Class B3 |
| 04/25/2052 | &nbsp;&nbsp; 2.852% | 878141 | &nbsp;&nbsp; 727919 |
| CMO Series 2023-PJ4 Class A3 | CMO Series 2023-PJ4 Class A3 | CMO Series 2023-PJ4 Class A3 | CMO Series 2023-PJ4 Class A3 |
| 01/25/2054 | &nbsp;&nbsp; 6.000% | 1547476 | &nbsp;&nbsp; 1569963 |
| Subordinated CMO Series 2021-GR3 Class B3 | Subordinated CMO Series 2021-GR3 Class B3 | Subordinated CMO Series 2021-GR3 Class B3 | Subordinated CMO Series 2021-GR3 Class B3 |
| 04/25/2052 | &nbsp;&nbsp; 3.374% | 922279 | &nbsp;&nbsp; 802730 |
| GS Mortgage-Backed Securities Trust<sup>(b),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(b),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(b),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(b),(c)</sup>  |
| CMO Series 2024-HE1 Class A1 | CMO Series 2024-HE1 Class A1 | CMO Series 2024-HE1 Class A1 | CMO Series 2024-HE1 Class A1 |
| 30-day Average SOFR + <br> 1.600% <br>Floor 1.600% <br>08/25/2054<br>| &nbsp;&nbsp; 5.297% | 4551672 | &nbsp;&nbsp; 4573679 |
| CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 |
| 30-day Average SOFR + <br> 1.500% <br>Floor 1.500% <br>01/25/2055<br>| &nbsp;&nbsp; 5.167% | 3050698 | &nbsp;&nbsp; 3060072 |
| GS Mortgage-Backed Securities Trust<sup>(b),(n)</sup>  | GS Mortgage-Backed Securities Trust<sup>(b),(n)</sup>  | GS Mortgage-Backed Securities Trust<sup>(b),(n)</sup>  | GS Mortgage-Backed Securities Trust<sup>(b),(n)</sup>  |
| CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 |
| 01/25/2066 | &nbsp;&nbsp; 5.038% | 5806983 | &nbsp;&nbsp; 5846189 |
| CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 |
| 06/25/2065 | &nbsp;&nbsp; 5.648% | 3933902 | &nbsp;&nbsp; 3990235 |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 11/25/2065 | &nbsp;&nbsp; 5.137% | 3809840 | &nbsp;&nbsp; 3836438 |
| GSAMP Trust<sup>(c)</sup>  | GSAMP Trust<sup>(c)</sup>  | GSAMP Trust<sup>(c)</sup>  | GSAMP Trust<sup>(c)</sup>  |
| CMO Series 2004-OPT Class M1 | CMO Series 2004-OPT Class M1 | CMO Series 2004-OPT Class M1 | CMO Series 2004-OPT Class M1 |
| 1-month Term SOFR + 0.984% <br>Floor 0.870% <br>11/25/2034<br>| &nbsp;&nbsp; 4.658% | 506618 | &nbsp;&nbsp; 496914 |
| GSR Mortgage Loan Trust<sup>(e)</sup>  | GSR Mortgage Loan Trust<sup>(e)</sup>  | GSR Mortgage Loan Trust<sup>(e)</sup>  | GSR Mortgage Loan Trust<sup>(e)</sup>  |
| CMO Series 2006-AR2 Class 2A1 | CMO Series 2006-AR2 Class 2A1 | CMO Series 2006-AR2 Class 2A1 | CMO Series 2006-AR2 Class 2A1 |
| 04/25/2036 | &nbsp;&nbsp; 4.067% | 762243 | &nbsp;&nbsp; 447221 |
| HarborView Mortgage Loan Trust<sup>(c)</sup>  | HarborView Mortgage Loan Trust<sup>(c)</sup>  | HarborView Mortgage Loan Trust<sup>(c)</sup>  | HarborView Mortgage Loan Trust<sup>(c)</sup>  |
| CMO Series 2006-10 Class 1A1A | CMO Series 2006-10 Class 1A1A | CMO Series 2006-10 Class 1A1A | CMO Series 2006-10 Class 1A1A |
| 1-month Term SOFR + 0.314% <br>Floor 0.200% <br>11/19/2036<br>| &nbsp;&nbsp; 4.190% | 4779292 | &nbsp;&nbsp; 3905870 |
| HOMES Trust<sup>(b),(n)</sup>  | HOMES Trust<sup>(b),(n)</sup>  | HOMES Trust<sup>(b),(n)</sup>  | HOMES Trust<sup>(b),(n)</sup>  |
| CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 |
| 01/25/2070 | &nbsp;&nbsp; 5.554% | 7170955 | &nbsp;&nbsp; 7238360 |
| HOMES Trust<sup>(b),(e)</sup>  | HOMES Trust<sup>(b),(e)</sup>  | HOMES Trust<sup>(b),(e)</sup>  | HOMES Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 |
| 09/25/2070 | &nbsp;&nbsp; 5.027% | 3756104 | &nbsp;&nbsp; 3776704 |
| JPMorgan Alternative Loan Trust<sup>(c)</sup>  | JPMorgan Alternative Loan Trust<sup>(c)</sup>  | JPMorgan Alternative Loan Trust<sup>(c)</sup>  | JPMorgan Alternative Loan Trust<sup>(c)</sup>  |
| CMO Series 2007-S1 Class A1 | CMO Series 2007-S1 Class A1 | CMO Series 2007-S1 Class A1 | CMO Series 2007-S1 Class A1 |
| 1-month Term SOFR + 0.674% <br>Floor 0.560%, Cap 11.500% <br>04/25/2047<br>| &nbsp;&nbsp; 4.348% | 1646932 | &nbsp;&nbsp; 1591779 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| JPMorgan Mortgage Trust<sup>(b),(e)</sup>  | JPMorgan Mortgage Trust<sup>(b),(e)</sup>  | JPMorgan Mortgage Trust<sup>(b),(e)</sup>  | JPMorgan Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2018-5 Class A13 | CMO Series 2018-5 Class A13 | CMO Series 2018-5 Class A13 | CMO Series 2018-5 Class A13 |
| 10/25/2048 | &nbsp;&nbsp; 3.500% | 741347 | &nbsp;&nbsp; 683710 |
| CMO Series 2018-6 Class 1A10 | CMO Series 2018-6 Class 1A10 | CMO Series 2018-6 Class 1A10 | CMO Series 2018-6 Class 1A10 |
| 12/25/2048 | &nbsp;&nbsp; 3.500% | 105450 | &nbsp;&nbsp; 97558 |
| CMO Series 2019-1 Class A3 | CMO Series 2019-1 Class A3 | CMO Series 2019-1 Class A3 | CMO Series 2019-1 Class A3 |
| 05/25/2049 | &nbsp;&nbsp; 4.000% | 173180 | &nbsp;&nbsp; 163629 |
| CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 | CMO Series 2019-2 Class A3 |
| 08/25/2049 | &nbsp;&nbsp; 4.000% | 44481 | &nbsp;&nbsp; 42367 |
| CMO Series 2019-5 Class A3 | CMO Series 2019-5 Class A3 | CMO Series 2019-5 Class A3 | CMO Series 2019-5 Class A3 |
| 11/25/2049 | &nbsp;&nbsp; 4.000% | 115441 | &nbsp;&nbsp; 109457 |
| CMO Series 2019-8 Class A15 | CMO Series 2019-8 Class A15 | CMO Series 2019-8 Class A15 | CMO Series 2019-8 Class A15 |
| 03/25/2050 | &nbsp;&nbsp; 3.500% | 97545 | &nbsp;&nbsp; 90228 |
| CMO Series 2019-HYB1 Class B1 | CMO Series 2019-HYB1 Class B1 | CMO Series 2019-HYB1 Class B1 | CMO Series 2019-HYB1 Class B1 |
| 10/25/2049 | &nbsp;&nbsp; 5.084% | 843688 | &nbsp;&nbsp; 858767 |
| CMO Series 2019-INV2 Class A3 | CMO Series 2019-INV2 Class A3 | CMO Series 2019-INV2 Class A3 | CMO Series 2019-INV2 Class A3 |
| 02/25/2050 | &nbsp;&nbsp; 3.500% | 95041 | &nbsp;&nbsp; 88706 |
| CMO Series 2019-LTV3 Class B3 | CMO Series 2019-LTV3 Class B3 | CMO Series 2019-LTV3 Class B3 | CMO Series 2019-LTV3 Class B3 |
| 03/25/2050 | &nbsp;&nbsp; 4.360% | 1396366 | &nbsp;&nbsp; 1335461 |
| CMO Series 2020-1 Class A15 | CMO Series 2020-1 Class A15 | CMO Series 2020-1 Class A15 | CMO Series 2020-1 Class A15 |
| 06/25/2050 | &nbsp;&nbsp; 3.500% | 333698 | &nbsp;&nbsp; 307150 |
| CMO Series 2020-2 Class A15 | CMO Series 2020-2 Class A15 | CMO Series 2020-2 Class A15 | CMO Series 2020-2 Class A15 |
| 07/25/2050 | &nbsp;&nbsp; 3.500% | 217370 | &nbsp;&nbsp; 197515 |
| CMO Series 2020-5 Class A15 | CMO Series 2020-5 Class A15 | CMO Series 2020-5 Class A15 | CMO Series 2020-5 Class A15 |
| 12/25/2050 | &nbsp;&nbsp; 3.000% | 164528 | &nbsp;&nbsp; 144453 |
| CMO Series 2020-5 Class B1 | CMO Series 2020-5 Class B1 | CMO Series 2020-5 Class B1 | CMO Series 2020-5 Class B1 |
| 12/25/2050 | &nbsp;&nbsp; 3.568% | 862017 | &nbsp;&nbsp; 788117 |
| CMO Series 2024-1 Class A9 | CMO Series 2024-1 Class A9 | CMO Series 2024-1 Class A9 | CMO Series 2024-1 Class A9 |
| 06/25/2054 | &nbsp;&nbsp; 6.000% | 667244 | &nbsp;&nbsp; 673604 |
| CMO Series 2024-9 Class A9A | CMO Series 2024-9 Class A9A | CMO Series 2024-9 Class A9A | CMO Series 2024-9 Class A9A |
| 02/25/2055 | &nbsp;&nbsp; 5.500% | 969172 | &nbsp;&nbsp; 971367 |
| CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 |
| 10/25/2065 | &nbsp;&nbsp; 5.195% | 8361542 | &nbsp;&nbsp; 8436026 |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 11/25/2065 | &nbsp;&nbsp; 5.495% | 4382568 | &nbsp;&nbsp; 4436267 |
| CMO Series 2025-VIS2 Class A1 | CMO Series 2025-VIS2 Class A1 | CMO Series 2025-VIS2 Class A1 | CMO Series 2025-VIS2 Class A1 |
| 01/25/2063 | &nbsp;&nbsp; 5.385% | 5675139 | &nbsp;&nbsp; 5740332 |
| Subordinated CMO Series 2017-1 Class B4 | Subordinated CMO Series 2017-1 Class B4 | Subordinated CMO Series 2017-1 Class B4 | Subordinated CMO Series 2017-1 Class B4 |
| 01/25/2047 | &nbsp;&nbsp; 3.445% | 334279 | &nbsp;&nbsp; 312214 |
| Subordinated CMO Series 2017-3 Class B1 | Subordinated CMO Series 2017-3 Class B1 | Subordinated CMO Series 2017-3 Class B1 | Subordinated CMO Series 2017-3 Class B1 |
| 08/25/2047 | &nbsp;&nbsp; 3.798% | 967730 | &nbsp;&nbsp; 917814 |
| Subordinated CMO Series 2017-6 Class B2 | Subordinated CMO Series 2017-6 Class B2 | Subordinated CMO Series 2017-6 Class B2 | Subordinated CMO Series 2017-6 Class B2 |
| 12/25/2048 | &nbsp;&nbsp; 3.778% | 455760 | &nbsp;&nbsp; 427267 |
| Subordinated CMO Series 2018-8 Class B1 | Subordinated CMO Series 2018-8 Class B1 | Subordinated CMO Series 2018-8 Class B1 | Subordinated CMO Series 2018-8 Class B1 |
| 01/25/2049 | &nbsp;&nbsp; 4.042% | 966126 | &nbsp;&nbsp; 910973 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Subordinated CMO Series 2018-8 Class B2 | Subordinated CMO Series 2018-8 Class B2 | Subordinated CMO Series 2018-8 Class B2 | Subordinated CMO Series 2018-8 Class B2 |
| 01/25/2049 | &nbsp;&nbsp; 4.042% | 805105 | &nbsp;&nbsp; 761318 |
| Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 |
| 08/25/2049 | &nbsp;&nbsp; 4.443% | 1863524 | &nbsp;&nbsp; 1805021 |
| Subordinated CMO Series 2019-6 Class B1 | Subordinated CMO Series 2019-6 Class B1 | Subordinated CMO Series 2019-6 Class B1 | Subordinated CMO Series 2019-6 Class B1 |
| 12/25/2049 | &nbsp;&nbsp; 4.242% | 816076 | &nbsp;&nbsp; 783685 |
| Subordinated CMO Series 2019-8 Class B3A | Subordinated CMO Series 2019-8 Class B3A | Subordinated CMO Series 2019-8 Class B3A | Subordinated CMO Series 2019-8 Class B3A |
| 03/25/2050 | &nbsp;&nbsp; 3.385% | 1646348 | &nbsp;&nbsp; 1507693 |
| Subordinated CMO Series 2019-LTV1 Class B2 | Subordinated CMO Series 2019-LTV1 Class B2 | Subordinated CMO Series 2019-LTV1 Class B2 | Subordinated CMO Series 2019-LTV1 Class B2 |
| 06/25/2049 | &nbsp;&nbsp; 4.600% | 1012600 | &nbsp;&nbsp; 998089 |
| Subordinated CMO Series 2019-LTV2 Class B2 | Subordinated CMO Series 2019-LTV2 Class B2 | Subordinated CMO Series 2019-LTV2 Class B2 | Subordinated CMO Series 2019-LTV2 Class B2 |
| 12/25/2049 | &nbsp;&nbsp; 4.672% | 770267 | &nbsp;&nbsp; 758082 |
| Subordinated CMO Series 2019-LTV2 Class B3 | Subordinated CMO Series 2019-LTV2 Class B3 | Subordinated CMO Series 2019-LTV2 Class B3 | Subordinated CMO Series 2019-LTV2 Class B3 |
| 12/25/2049 | &nbsp;&nbsp; 4.672% | 641889 | &nbsp;&nbsp; 631735 |
| Subordinated CMO Series 2020-8 Class B2 | Subordinated CMO Series 2020-8 Class B2 | Subordinated CMO Series 2020-8 Class B2 | Subordinated CMO Series 2020-8 Class B2 |
| 03/25/2051 | &nbsp;&nbsp; 3.487% | 1689223 | &nbsp;&nbsp; 1535578 |
| Subordinated CMO Series 2021-14 Class B2 | Subordinated CMO Series 2021-14 Class B2 | Subordinated CMO Series 2021-14 Class B2 | Subordinated CMO Series 2021-14 Class B2 |
| 05/25/2052 | &nbsp;&nbsp; 3.146% | 1350361 | &nbsp;&nbsp; 1180278 |
| Subordinated CMO Series 2023-10 Class B3 | Subordinated CMO Series 2023-10 Class B3 | Subordinated CMO Series 2023-10 Class B3 | Subordinated CMO Series 2023-10 Class B3 |
| 05/25/2054 | &nbsp;&nbsp; 6.156% | 964006 | &nbsp;&nbsp; 974875 |
| Subordinated CMO Series 2023-8 Class B3 | Subordinated CMO Series 2023-8 Class B3 | Subordinated CMO Series 2023-8 Class B3 | Subordinated CMO Series 2023-8 Class B3 |
| 02/25/2054 | &nbsp;&nbsp; 6.122% | 1925440 | &nbsp;&nbsp; 1943644 |
| JPMorgan Mortgage Trust<sup>(b),(c)</sup>  | JPMorgan Mortgage Trust<sup>(b),(c)</sup>  | JPMorgan Mortgage Trust<sup>(b),(c)</sup>  | JPMorgan Mortgage Trust<sup>(b),(c)</sup>  |
| CMO Series 2018-7FRB Class A1 | CMO Series 2018-7FRB Class A1 | CMO Series 2018-7FRB Class A1 | CMO Series 2018-7FRB Class A1 |
| 1-month Term SOFR + 0.864% <br>04/25/2046<br>| &nbsp;&nbsp; 4.537% | 292129 | &nbsp;&nbsp; 287092 |
| CMO Series 2023-HE2 Class A1 | CMO Series 2023-HE2 Class A1 | CMO Series 2023-HE2 Class A1 | CMO Series 2023-HE2 Class A1 |
| 30-day Average SOFR + <br> 1.700% <br>03/25/2054<br>| &nbsp;&nbsp; 5.403% | 221160 | &nbsp;&nbsp; 221779 |
| CMO Series 2023-HE3 Class A1 | CMO Series 2023-HE3 Class A1 | CMO Series 2023-HE3 Class A1 | CMO Series 2023-HE3 Class A1 |
| 30-day Average SOFR + <br> 1.600% <br>05/25/2054<br>| &nbsp;&nbsp; 5.303% | 241909 | &nbsp;&nbsp; 242748 |
| CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 | CMO Series 2024-HE2 Class A1 |
| 30-day Average SOFR + <br> 1.200% <br>10/25/2054<br>| &nbsp;&nbsp; 4.862% | 416286 | &nbsp;&nbsp; 416710 |
| JPMorgan Mortgage Trust<sup>(b)</sup>  | JPMorgan Mortgage Trust<sup>(b)</sup>  | JPMorgan Mortgage Trust<sup>(b)</sup>  | JPMorgan Mortgage Trust<sup>(b)</sup>  |
| CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 | CMO Series 2023-6 Class A2 |
| 12/26/2053 | &nbsp;&nbsp; 6.000% | 785762 | &nbsp;&nbsp; 797915 |
| JPMorgan Mortgage Trust<sup>(b),(n)</sup>  | JPMorgan Mortgage Trust<sup>(b),(n)</sup>  | JPMorgan Mortgage Trust<sup>(b),(n)</sup>  | JPMorgan Mortgage Trust<sup>(b),(n)</sup>  |
| CMO Series 2026-CES1 Class A1A | CMO Series 2026-CES1 Class A1A | CMO Series 2026-CES1 Class A1A | CMO Series 2026-CES1 Class A1A |
| 06/25/2056 | &nbsp;&nbsp; 4.909% | 4636518 | &nbsp;&nbsp; 4654213 |
| JPMorgan Trust<sup>(b),(e)</sup>  | JPMorgan Trust<sup>(b),(e)</sup>  | JPMorgan Trust<sup>(b),(e)</sup>  | JPMorgan Trust<sup>(b),(e)</sup>  |
| Subordinated CMO Series 2015-3 Class B3 | Subordinated CMO Series 2015-3 Class B3 | Subordinated CMO Series 2015-3 Class B3 | Subordinated CMO Series 2015-3 Class B3 |
| 05/25/2045 | &nbsp;&nbsp; 3.566% | 291600 | &nbsp;&nbsp; 278297 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Legacy Mortgage Asset Trust<sup>(b),(n)</sup>  | Legacy Mortgage Asset Trust<sup>(b),(n)</sup>  | Legacy Mortgage Asset Trust<sup>(b),(n)</sup>  | Legacy Mortgage Asset Trust<sup>(b),(n)</sup>  |
| CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 | CMO Series 2021-GS1 Class A1 |
| 10/25/2066 | &nbsp;&nbsp; 5.892% | 760491 | &nbsp;&nbsp; 762841 |
| CMO Series 2025-PR1 Class A1 | CMO Series 2025-PR1 Class A1 | CMO Series 2025-PR1 Class A1 | CMO Series 2025-PR1 Class A1 |
| 01/25/2061 | &nbsp;&nbsp; 6.000% | 9018440 | &nbsp;&nbsp; 9056668 |
| Lehman XS Trust<sup>(c)</sup>  | Lehman XS Trust<sup>(c)</sup>  | Lehman XS Trust<sup>(c)</sup>  | Lehman XS Trust<sup>(c)</sup>  |
| CMO Series 2006-2N Class 1A1 | CMO Series 2006-2N Class 1A1 | CMO Series 2006-2N Class 1A1 | CMO Series 2006-2N Class 1A1 |
| 1-month Term SOFR + 0.634% <br>Floor 0.520% <br>02/25/2046<br>| &nbsp;&nbsp; 4.308% | 876316 | &nbsp;&nbsp; 805000 |
| LHOME Mortgage Trust<sup>(b),(n)</sup>  | LHOME Mortgage Trust<sup>(b),(n)</sup>  | LHOME Mortgage Trust<sup>(b),(n)</sup>  | LHOME Mortgage Trust<sup>(b),(n)</sup>  |
| CMO Series 2024-RTL4 Class A1 | CMO Series 2024-RTL4 Class A1 | CMO Series 2024-RTL4 Class A1 | CMO Series 2024-RTL4 Class A1 |
| 07/25/2039 | &nbsp;&nbsp; 5.921% | 2000000 | &nbsp;&nbsp; 2008545 |
| CMO Series 2024-RTL5 Class A1 | CMO Series 2024-RTL5 Class A1 | CMO Series 2024-RTL5 Class A1 | CMO Series 2024-RTL5 Class A1 |
| 09/25/2039 | &nbsp;&nbsp; 5.323% | 5000000 | &nbsp;&nbsp; 5011132 |
| CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 | CMO Series 2025-RTL1 Class A1 |
| 01/25/2040 | &nbsp;&nbsp; 5.652% | 5100000 | &nbsp;&nbsp; 5137761 |
| LHOME Mortgage Trust<sup>(b),(e)</sup>  | LHOME Mortgage Trust<sup>(b),(e)</sup>  | LHOME Mortgage Trust<sup>(b),(e)</sup>  | LHOME Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-RTL2 Class A1 | CMO Series 2025-RTL2 Class A1 | CMO Series 2025-RTL2 Class A1 | CMO Series 2025-RTL2 Class A1 |
| 04/25/2040 | &nbsp;&nbsp; 5.612% | 3000000 | &nbsp;&nbsp; 3027092 |
| Long Beach Mortgage Loan Trust<sup>(c)</sup>  | Long Beach Mortgage Loan Trust<sup>(c)</sup>  | Long Beach Mortgage Loan Trust<sup>(c)</sup>  | Long Beach Mortgage Loan Trust<sup>(c)</sup>  |
| CMO Series 2006-10 Class 1A | CMO Series 2006-10 Class 1A | CMO Series 2006-10 Class 1A | CMO Series 2006-10 Class 1A |
| 1-month Term SOFR + 0.414% <br>Floor 0.300% <br>11/25/2036<br>| &nbsp;&nbsp; 4.088% | 2966013 | &nbsp;&nbsp; 2128140 |
| CMO Series 2006-11 Class 2A2 | CMO Series 2006-11 Class 2A2 | CMO Series 2006-11 Class 2A2 | CMO Series 2006-11 Class 2A2 |
| 1-month Term SOFR + 0.214% <br>Floor 0.100% <br>12/25/2036<br>| &nbsp;&nbsp; 3.988% | 27537091 | &nbsp;&nbsp; 9448113 |
| MASTR Alternative Loan Trust | MASTR Alternative Loan Trust | MASTR Alternative Loan Trust | MASTR Alternative Loan Trust |
| CMO Series 2004-12 Class 4A1 | CMO Series 2004-12 Class 4A1 | CMO Series 2004-12 Class 4A1 | CMO Series 2004-12 Class 4A1 |
| 12/25/2034 | &nbsp;&nbsp; 5.500% | 236485 | &nbsp;&nbsp; 237357 |
| Mello Mortgage Capital Acceptance Trust<sup>(b),(e)</sup>  | Mello Mortgage Capital Acceptance Trust<sup>(b),(e)</sup>  | Mello Mortgage Capital Acceptance Trust<sup>(b),(e)</sup>  | Mello Mortgage Capital Acceptance Trust<sup>(b),(e)</sup>  |
| Subordinated CMO Series 2021-INV1 Class B3 | Subordinated CMO Series 2021-INV1 Class B3 | Subordinated CMO Series 2021-INV1 Class B3 | Subordinated CMO Series 2021-INV1 Class B3 |
| 06/25/2051 | &nbsp;&nbsp; 2.951% | 1804913 | &nbsp;&nbsp; 1536183 |
| Merrill Lynch First Franklin Mortgage Loan Trust<sup>(c)</sup>  | Merrill Lynch First Franklin Mortgage Loan Trust<sup>(c)</sup>  | Merrill Lynch First Franklin Mortgage Loan Trust<sup>(c)</sup>  | Merrill Lynch First Franklin Mortgage Loan Trust<sup>(c)</sup>  |
| CMO Series 2007-1 Class A2D | CMO Series 2007-1 Class A2D | CMO Series 2007-1 Class A2D | CMO Series 2007-1 Class A2D |
| 1-month Term SOFR + 0.794% <br>Floor 0.680% <br>04/25/2037<br>| &nbsp;&nbsp; 4.468% | 14204298 | &nbsp;&nbsp; 5244488 |
| MFA Trust<sup>(b),(n)</sup>  | MFA Trust<sup>(b),(n)</sup>  | MFA Trust<sup>(b),(n)</sup>  | MFA Trust<sup>(b),(n)</sup>  |
| CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 |
| 05/27/2070 | &nbsp;&nbsp; 5.675% | 5231681 | &nbsp;&nbsp; 5302111 |
| Morgan Stanley Residential Mortgage Loan Trust<sup>(b),(e)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(b),(e)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(b),(e)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 | CMO Series 2025-DSC2 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.443% | 5053328 | &nbsp;&nbsp; 5116633 |
| CMO Series 2025-NQM9 Class A1 | CMO Series 2025-NQM9 Class A1 | CMO Series 2025-NQM9 Class A1 | CMO Series 2025-NQM9 Class A1 |
| 09/25/2070 | &nbsp;&nbsp; 5.016% | 2826415 | &nbsp;&nbsp; 2842491 |
| CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 |
| 12/25/2070 | &nbsp;&nbsp; 4.809% | 2476526 | &nbsp;&nbsp; 2482618 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2026-NQM2 Class A1 | CMO Series 2026-NQM2 Class A1 | CMO Series 2026-NQM2 Class A1 | CMO Series 2026-NQM2 Class A1 |
| 01/26/2071 | &nbsp;&nbsp; 4.734% | 5070000 | &nbsp;&nbsp; 5073118 |
| Subordinated CMO Series 2024-4 Class B3 | Subordinated CMO Series 2024-4 Class B3 | Subordinated CMO Series 2024-4 Class B3 | Subordinated CMO Series 2024-4 Class B3 |
| 09/25/2054 | &nbsp;&nbsp; 6.943% | 1469686 | &nbsp;&nbsp; 1565796 |
| Morgan Stanley Residential Mortgage Loan Trust<sup>(b),(n)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(b),(n)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(b),(n)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(b),(n)</sup>  |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 06/25/2070 | &nbsp;&nbsp; 5.588% | 2945654 | &nbsp;&nbsp; 2984347 |
| CMO Series 2025-NQM7 Class A1 | CMO Series 2025-NQM7 Class A1 | CMO Series 2025-NQM7 Class A1 | CMO Series 2025-NQM7 Class A1 |
| 09/25/2070 | &nbsp;&nbsp; 4.984% | 5827134 | &nbsp;&nbsp; 5854211 |
| CMO Series 2026-NQM2 Class A2 | CMO Series 2026-NQM2 Class A2 | CMO Series 2026-NQM2 Class A2 | CMO Series 2026-NQM2 Class A2 |
| 01/26/2071 | &nbsp;&nbsp; 4.988% | 3360000 | &nbsp;&nbsp; 3362073 |
| MortgageIT Trust<sup>(c)</sup>  | MortgageIT Trust<sup>(c)</sup>  | MortgageIT Trust<sup>(c)</sup>  | MortgageIT Trust<sup>(c)</sup>  |
| CMO Series 2005-5 Class A1 | CMO Series 2005-5 Class A1 | CMO Series 2005-5 Class A1 | CMO Series 2005-5 Class A1 |
| 1-month Term SOFR + 0.634% <br>Floor 0.520%, Cap 11.500% <br>12/25/2035<br>| &nbsp;&nbsp; 4.308% | 263014 | &nbsp;&nbsp; 263964 |
| New Residential Mortgage Loan Trust<sup>(b),(c)</sup>  | New Residential Mortgage Loan Trust<sup>(b),(c)</sup>  | New Residential Mortgage Loan Trust<sup>(b),(c)</sup>  | New Residential Mortgage Loan Trust<sup>(b),(c)</sup>  |
| CMO Series 2018-4A Class A1S | CMO Series 2018-4A Class A1S | CMO Series 2018-4A Class A1S | CMO Series 2018-4A Class A1S |
| 1-month Term SOFR + 0.864% <br>Floor 0.750% <br>01/25/2048<br>| &nbsp;&nbsp; 4.538% | 494704 | &nbsp;&nbsp; 494810 |
| New Residential Mortgage Loan Trust<sup>(b),(e)</sup>  | New Residential Mortgage Loan Trust<sup>(b),(e)</sup>  | New Residential Mortgage Loan Trust<sup>(b),(e)</sup>  | New Residential Mortgage Loan Trust<sup>(b),(e)</sup>  |
| CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 | CMO Series 2024-NQM2 Class A1 |
| 09/25/2064 | &nbsp;&nbsp; 5.117% | 6158570 | &nbsp;&nbsp; 6212292 |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 07/25/2065 | &nbsp;&nbsp; 5.350% | 3530498 | &nbsp;&nbsp; 3586237 |
| New Residential Mortgage Loan Trust<sup>(b),(n)</sup>  | New Residential Mortgage Loan Trust<sup>(b),(n)</sup>  | New Residential Mortgage Loan Trust<sup>(b),(n)</sup>  | New Residential Mortgage Loan Trust<sup>(b),(n)</sup>  |
| CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 |
| 11/25/2064 | &nbsp;&nbsp; 5.466% | 8188883 | &nbsp;&nbsp; 8322384 |
| NLT Trust<sup>(b),(n)</sup>  | NLT Trust<sup>(b),(n)</sup>  | NLT Trust<sup>(b),(n)</sup>  | NLT Trust<sup>(b),(n)</sup>  |
| CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 |
| 08/25/2060 | &nbsp;&nbsp; 5.038% | 2105311 | &nbsp;&nbsp; 2109846 |
| CMO Series 2025-INV1 Class A1 | CMO Series 2025-INV1 Class A1 | CMO Series 2025-INV1 Class A1 | CMO Series 2025-INV1 Class A1 |
| 02/25/2070 | &nbsp;&nbsp; 5.506% | 7208043 | &nbsp;&nbsp; 7285128 |
| CMO Series 2025-INV1 Class A2 | CMO Series 2025-INV1 Class A2 | CMO Series 2025-INV1 Class A2 | CMO Series 2025-INV1 Class A2 |
| 02/25/2070 | &nbsp;&nbsp; 5.708% | 807889 | &nbsp;&nbsp; 815858 |
| CMO Series 2025-INV1 Class A3 | CMO Series 2025-INV1 Class A3 | CMO Series 2025-INV1 Class A3 | CMO Series 2025-INV1 Class A3 |
| 02/25/2070 | &nbsp;&nbsp; 5.860% | 1387201 | &nbsp;&nbsp; 1400193 |
| NLT Trust<sup>(b),(e),(f)</sup>  | NLT Trust<sup>(b),(e),(f)</sup>  | NLT Trust<sup>(b),(e),(f)</sup>  | NLT Trust<sup>(b),(e),(f)</sup>  |
| CMO Series 2025-INV1 Class AIOS | CMO Series 2025-INV1 Class AIOS | CMO Series 2025-INV1 Class AIOS | CMO Series 2025-INV1 Class AIOS |
| 02/25/2070 | &nbsp;&nbsp; 0.400% | 11043161 | &nbsp;&nbsp; 75935 |
| NLT Trust<sup>(b),(e)</sup>  | NLT Trust<sup>(b),(e)</sup>  | NLT Trust<sup>(b),(e)</sup>  | NLT Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-INV1 Class B1 | CMO Series 2025-INV1 Class B1 | CMO Series 2025-INV1 Class B1 | CMO Series 2025-INV1 Class B1 |
| 02/25/2070 | &nbsp;&nbsp; 6.595% | 443000 | &nbsp;&nbsp; 442246 |
| CMO Series 2025-INV1 Class B2 | CMO Series 2025-INV1 Class B2 | CMO Series 2025-INV1 Class B2 | CMO Series 2025-INV1 Class B2 |
| 02/25/2070 | &nbsp;&nbsp; 6.595% | 348000 | &nbsp;&nbsp; 340629 |
| CMO Series 2025-INV1 Class B3 | CMO Series 2025-INV1 Class B3 | CMO Series 2025-INV1 Class B3 | CMO Series 2025-INV1 Class B3 |
| 02/25/2070 | &nbsp;&nbsp; 6.595% | 218000 | &nbsp;&nbsp; 201865 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2025-INV1 Class M1 | CMO Series 2025-INV1 Class M1 | CMO Series 2025-INV1 Class M1 | CMO Series 2025-INV1 Class M1 |
| 02/25/2070 | &nbsp;&nbsp; 6.314% | 631000 | &nbsp;&nbsp; 640066 |
| NLT Trust<sup>(b),(e),(f),(i)</sup>  | NLT Trust<sup>(b),(e),(f),(i)</sup>  | NLT Trust<sup>(b),(e),(f),(i)</sup>  | NLT Trust<sup>(b),(e),(f),(i)</sup>  |
| CMO Series 2025-INV1 Class XS | CMO Series 2025-INV1 Class XS | CMO Series 2025-INV1 Class XS | CMO Series 2025-INV1 Class XS |
| 02/25/2070 | &nbsp;&nbsp; 0.884% | 11043161 | &nbsp;&nbsp; 176691 |
| NYMT Loan Trust<sup>(b),(e)</sup>  | NYMT Loan Trust<sup>(b),(e)</sup>  | NYMT Loan Trust<sup>(b),(e)</sup>  | NYMT Loan Trust<sup>(b),(e)</sup>  |
| CMO Series 2024-CP1 Class A1 | CMO Series 2024-CP1 Class A1 | CMO Series 2024-CP1 Class A1 | CMO Series 2024-CP1 Class A1 |
| 02/25/2068 | &nbsp;&nbsp; 3.750% | 2414200 | &nbsp;&nbsp; 2318988 |
| Oaktown Re VII Ltd.<sup>(b),(c)</sup>  | Oaktown Re VII Ltd.<sup>(b),(c)</sup>  | Oaktown Re VII Ltd.<sup>(b),(c)</sup>  | Oaktown Re VII Ltd.<sup>(b),(c)</sup>  |
| CMO Series 2021-2 Class M1B | CMO Series 2021-2 Class M1B | CMO Series 2021-2 Class M1B | CMO Series 2021-2 Class M1B |
| 30-day Average SOFR + <br> 2.900% <br>Floor 2.900% <br>04/25/2034<br>| &nbsp;&nbsp; 6.597% | 903507 | &nbsp;&nbsp; 910636 |
| CMO Series 2021-2 Class M1C | CMO Series 2021-2 Class M1C | CMO Series 2021-2 Class M1C | CMO Series 2021-2 Class M1C |
| 30-day Average SOFR + <br> 3.350% <br>Floor 3.350% <br>04/25/2034<br>| &nbsp;&nbsp; 7.047% | 2000000 | &nbsp;&nbsp; 2029224 |
| OBX Trust<sup>(b),(e)</sup>  | OBX Trust<sup>(b),(e)</sup>  | OBX Trust<sup>(b),(e)</sup>  | OBX Trust<sup>(b),(e)</sup>  |
| CMO Series 2019-INV2 Class A25 | CMO Series 2019-INV2 Class A25 | CMO Series 2019-INV2 Class A25 | CMO Series 2019-INV2 Class A25 |
| 05/27/2049 | &nbsp;&nbsp; 4.000% | 63465 | &nbsp;&nbsp; 59875 |
| CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 | CMO Series 2025-NQM13 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.441% | 5486164 | &nbsp;&nbsp; 5548516 |
| OBX Trust<sup>(b),(c)</sup>  | OBX Trust<sup>(b),(c)</sup>  | OBX Trust<sup>(b),(c)</sup>  | OBX Trust<sup>(b),(c)</sup>  |
| CMO Series 2025-HE1 Class A1 | CMO Series 2025-HE1 Class A1 | CMO Series 2025-HE1 Class A1 | CMO Series 2025-HE1 Class A1 |
| 30-day Average SOFR + <br> 1.600% <br>Floor 1.600% <br>02/25/2055<br>| &nbsp;&nbsp; 5.297% | 5271332 | &nbsp;&nbsp; 5303040 |
| OBX Trust<sup>(b),(n)</sup>  | OBX Trust<sup>(b),(n)</sup>  | OBX Trust<sup>(b),(n)</sup>  | OBX Trust<sup>(b),(n)</sup>  |
| CMO Series 2025-NQM10 Class A1 | CMO Series 2025-NQM10 Class A1 | CMO Series 2025-NQM10 Class A1 | CMO Series 2025-NQM10 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.453% | 2767078 | &nbsp;&nbsp; 2796883 |
| CMO Series 2025-NQM11 Class A1 | CMO Series 2025-NQM11 Class A1 | CMO Series 2025-NQM11 Class A1 | CMO Series 2025-NQM11 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.418% | 5058442 | &nbsp;&nbsp; 5112330 |
| CMO Series 2025-NQM15 Class A1 | CMO Series 2025-NQM15 Class A1 | CMO Series 2025-NQM15 Class A1 | CMO Series 2025-NQM15 Class A1 |
| 07/27/2065 | &nbsp;&nbsp; 5.143% | 3381687 | &nbsp;&nbsp; 3405592 |
| CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 | CMO Series 2025-NQM4 Class A1 |
| 02/25/2055 | &nbsp;&nbsp; 5.400% | 3616760 | &nbsp;&nbsp; 3646893 |
| CMO Series 2025-NQM8 Class A1 | CMO Series 2025-NQM8 Class A1 | CMO Series 2025-NQM8 Class A1 | CMO Series 2025-NQM8 Class A1 |
| 03/25/2065 | &nbsp;&nbsp; 5.472% | 6892502 | &nbsp;&nbsp; 6968484 |
| Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates<sup>(c)</sup>  | Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates<sup>(c)</sup>  | Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates<sup>(c)</sup>  | Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates<sup>(c)</sup>  |
| CMO Series 2005-4 Class M2 | CMO Series 2005-4 Class M2 | CMO Series 2005-4 Class M2 | CMO Series 2005-4 Class M2 |
| 1-month Term SOFR + 0.864% <br>Floor 0.750% <br>11/25/2035<br>| &nbsp;&nbsp; 4.538% | 9794227 | &nbsp;&nbsp; 9682657 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| PMT Issuer Trust<sup>(b),(c)</sup>  | PMT Issuer Trust<sup>(b),(c)</sup>  | PMT Issuer Trust<sup>(b),(c)</sup>  | PMT Issuer Trust<sup>(b),(c)</sup>  |
| CMO Series 2024-FT1 Class A | CMO Series 2024-FT1 Class A | CMO Series 2024-FT1 Class A | CMO Series 2024-FT1 Class A |
| 1-month Term SOFR + 2.750% <br>Floor 2.750% <br>12/25/2027<br>| &nbsp;&nbsp; 6.417% | 10000000 | &nbsp;&nbsp; 10080469 |
| PMT Loan Trust<sup>(b),(e)</sup>  | PMT Loan Trust<sup>(b),(e)</sup>  | PMT Loan Trust<sup>(b),(e)</sup>  | PMT Loan Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-J3 Class A29 | CMO Series 2025-J3 Class A29 | CMO Series 2025-J3 Class A29 | CMO Series 2025-J3 Class A29 |
| 11/27/2056 | &nbsp;&nbsp; 5.500% | 1319124 | &nbsp;&nbsp; 1323761 |
| PRET LLC<sup>(b),(n)</sup>  | PRET LLC<sup>(b),(n)</sup>  | PRET LLC<sup>(b),(n)</sup>  | PRET LLC<sup>(b),(n)</sup>  |
| CMO Series 2025-NPL6 Class A1 | CMO Series 2025-NPL6 Class A1 | CMO Series 2025-NPL6 Class A1 | CMO Series 2025-NPL6 Class A1 |
| 06/25/2055 | &nbsp;&nbsp; 5.744% | 4580471 | &nbsp;&nbsp; 4586774 |
| PRET Trust<sup>(b),(e)</sup>  | PRET Trust<sup>(b),(e)</sup>  | PRET Trust<sup>(b),(e)</sup>  | PRET Trust<sup>(b),(e)</sup>  |
| CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 |
| 06/25/2064 | &nbsp;&nbsp; 4.075% | 3267210 | &nbsp;&nbsp; 3163403 |
| Provident Funding Mortgage Trust<sup>(b),(e)</sup>  | Provident Funding Mortgage Trust<sup>(b),(e)</sup>  | Provident Funding Mortgage Trust<sup>(b),(e)</sup>  | Provident Funding Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-2 Class A13 | CMO Series 2025-2 Class A13 | CMO Series 2025-2 Class A13 | CMO Series 2025-2 Class A13 |
| 06/25/2055 | &nbsp;&nbsp; 6.000% | 1065945 | &nbsp;&nbsp; 1079020 |
| CMO Series 2025-3 Class A13 | CMO Series 2025-3 Class A13 | CMO Series 2025-3 Class A13 | CMO Series 2025-3 Class A13 |
| 08/25/2055 | &nbsp;&nbsp; 6.000% | 1222265 | &nbsp;&nbsp; 1233915 |
| PRPM LLC<sup>(b),(n)</sup>  | PRPM LLC<sup>(b),(n)</sup>  | PRPM LLC<sup>(b),(n)</sup>  | PRPM LLC<sup>(b),(n)</sup>  |
| CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 | CMO Series 2024-RPL2 Class A1 |
| 05/25/2054 | &nbsp;&nbsp; 3.500% | 964044 | &nbsp;&nbsp; 945819 |
| CMO Series 2025-RPL1 Class A1 | CMO Series 2025-RPL1 Class A1 | CMO Series 2025-RPL1 Class A1 | CMO Series 2025-RPL1 Class A1 |
| 03/25/2055 | &nbsp;&nbsp; 4.000% | 3704512 | &nbsp;&nbsp; 3652323 |
| CMO Series 2025-RPL1 Class A2 | CMO Series 2025-RPL1 Class A2 | CMO Series 2025-RPL1 Class A2 | CMO Series 2025-RPL1 Class A2 |
| 03/25/2055 | &nbsp;&nbsp; 4.000% | 758000 | &nbsp;&nbsp; 738656 |
| CMO Series 2025-RPL1 Class A3 | CMO Series 2025-RPL1 Class A3 | CMO Series 2025-RPL1 Class A3 | CMO Series 2025-RPL1 Class A3 |
| 03/25/2055 | &nbsp;&nbsp; 4.000% | 447000 | &nbsp;&nbsp; 432904 |
| CMO Series 2025-RPL1 Class M1A | CMO Series 2025-RPL1 Class M1A | CMO Series 2025-RPL1 Class M1A | CMO Series 2025-RPL1 Class M1A |
| 03/25/2055 | &nbsp;&nbsp; 4.000% | 436000 | &nbsp;&nbsp; 417299 |
| CMO Series 2025-RPL1 Class M1B | CMO Series 2025-RPL1 Class M1B | CMO Series 2025-RPL1 Class M1B | CMO Series 2025-RPL1 Class M1B |
| 03/25/2055 | &nbsp;&nbsp; 4.000% | 154000 | &nbsp;&nbsp; 145752 |
| PRPM LLC<sup>(b)</sup>  | PRPM LLC<sup>(b)</sup>  | PRPM LLC<sup>(b)</sup>  | PRPM LLC<sup>(b)</sup>  |
| CMO Series 2025-RCF1 Class A1 | CMO Series 2025-RCF1 Class A1 | CMO Series 2025-RCF1 Class A1 | CMO Series 2025-RCF1 Class A1 |
| 02/25/2055 | &nbsp;&nbsp; 4.500% | 2945573 | &nbsp;&nbsp; 2945801 |
| PRPM Trust<sup>(b),(n)</sup>  | PRPM Trust<sup>(b),(n)</sup>  | PRPM Trust<sup>(b),(n)</sup>  | PRPM Trust<sup>(b),(n)</sup>  |
| CMO Series 2024-NQM2 Class A2 | CMO Series 2024-NQM2 Class A2 | CMO Series 2024-NQM2 Class A2 | CMO Series 2024-NQM2 Class A2 |
| 06/25/2069 | &nbsp;&nbsp; 6.631% | 6609659 | &nbsp;&nbsp; 6722480 |
| CMO Series 2024-NQM4 Class A1 | CMO Series 2024-NQM4 Class A1 | CMO Series 2024-NQM4 Class A1 | CMO Series 2024-NQM4 Class A1 |
| 12/26/2069 | &nbsp;&nbsp; 5.674% | 10575557 | &nbsp;&nbsp; 10686612 |
| CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 | CMO Series 2025-NQM1 Class A1 |
| 11/25/2069 | &nbsp;&nbsp; 5.802% | 5021913 | &nbsp;&nbsp; 5084525 |
| CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 | CMO Series 2025-NQM2 Class A1 |
| 04/25/2070 | &nbsp;&nbsp; 5.688% | 6160891 | &nbsp;&nbsp; 6239508 |
| RALI Trust<sup>(e),(f)</sup>  | RALI Trust<sup>(e),(f)</sup>  | RALI Trust<sup>(e),(f)</sup>  | RALI Trust<sup>(e),(f)</sup>  |
| CMO Series 2006-QS18 Class 1AV | CMO Series 2006-QS18 Class 1AV | CMO Series 2006-QS18 Class 1AV | CMO Series 2006-QS18 Class 1AV |
| 12/25/2036 | &nbsp;&nbsp; 0.491% | 14342950 | &nbsp;&nbsp; 244445 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2007-QS1 Class 2AV | CMO Series 2007-QS1 Class 2AV | CMO Series 2007-QS1 Class 2AV | CMO Series 2007-QS1 Class 2AV |
| 01/25/2037 | &nbsp;&nbsp; 0.153% | 16495210 | &nbsp;&nbsp; 111729 |
| Rate Mortgage Trust<sup>(b),(e)</sup>  | Rate Mortgage Trust<sup>(b),(e)</sup>  | Rate Mortgage Trust<sup>(b),(e)</sup>  | Rate Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-J3 Class A26 | CMO Series 2025-J3 Class A26 | CMO Series 2025-J3 Class A26 | CMO Series 2025-J3 Class A26 |
| 11/25/2055 | &nbsp;&nbsp; 6.000% | 2856661 | &nbsp;&nbsp; 2883888 |
| RCKT Mortgage Trust<sup>(b),(n)</sup>  | RCKT Mortgage Trust<sup>(b),(n)</sup>  | RCKT Mortgage Trust<sup>(b),(n)</sup>  | RCKT Mortgage Trust<sup>(b),(n)</sup>  |
| CMO Series 2024-CES8 Class A1A | CMO Series 2024-CES8 Class A1A | CMO Series 2024-CES8 Class A1A | CMO Series 2024-CES8 Class A1A |
| 11/25/2044 | &nbsp;&nbsp; 5.490% | 7921755 | &nbsp;&nbsp; 7990810 |
| RCKT Mortgage Trust<sup>(b),(e)</sup>  | RCKT Mortgage Trust<sup>(b),(e)</sup>  | RCKT Mortgage Trust<sup>(b),(e)</sup>  | RCKT Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-CES8 Class A1A | CMO Series 2025-CES8 Class A1A | CMO Series 2025-CES8 Class A1A | CMO Series 2025-CES8 Class A1A |
| 08/25/2055 | &nbsp;&nbsp; 5.148% | 5084674 | &nbsp;&nbsp; 5126399 |
| Subordinated CMO Series 2019-1 Class B4 | Subordinated CMO Series 2019-1 Class B4 | Subordinated CMO Series 2019-1 Class B4 | Subordinated CMO Series 2019-1 Class B4 |
| 09/25/2049 | &nbsp;&nbsp; 3.898% | 3115302 | &nbsp;&nbsp; 2882055 |
| RFMSI Trust<sup>(e)</sup>  | RFMSI Trust<sup>(e)</sup>  | RFMSI Trust<sup>(e)</sup>  | RFMSI Trust<sup>(e)</sup>  |
| CMO Series 2005-SA5 Class 1A | CMO Series 2005-SA5 Class 1A | CMO Series 2005-SA5 Class 1A | CMO Series 2005-SA5 Class 1A |
| 11/25/2035 | &nbsp;&nbsp; 3.775% | 398998 | &nbsp;&nbsp; 178013 |
| CMO Series 2006-SA4 Class 2A1 | CMO Series 2006-SA4 Class 2A1 | CMO Series 2006-SA4 Class 2A1 | CMO Series 2006-SA4 Class 2A1 |
| 11/25/2036 | &nbsp;&nbsp; 5.428% | 101638 | &nbsp;&nbsp; 86097 |
| Santander Mortgage Asset Receivable Trust<sup>(b),(n)</sup>  | Santander Mortgage Asset Receivable Trust<sup>(b),(n)</sup>  | Santander Mortgage Asset Receivable Trust<sup>(b),(n)</sup>  | Santander Mortgage Asset Receivable Trust<sup>(b),(n)</sup>  |
| CMO Series 2025-CES1 Class A1A | CMO Series 2025-CES1 Class A1A | CMO Series 2025-CES1 Class A1A | CMO Series 2025-CES1 Class A1A |
| 09/25/2055 | &nbsp;&nbsp; 5.036% | 3825178 | &nbsp;&nbsp; 3847215 |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.599% | 4926562 | &nbsp;&nbsp; 4990138 |
| Santander Mortgage Asset Receivable Trust<sup>(b),(e)</sup>  | Santander Mortgage Asset Receivable Trust<sup>(b),(e)</sup>  | Santander Mortgage Asset Receivable Trust<sup>(b),(e)</sup>  | Santander Mortgage Asset Receivable Trust<sup>(b),(e)</sup>  |
| CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 | CMO Series 2025-NQM5 Class A1 |
| 08/25/2065 | &nbsp;&nbsp; 5.067% | 6434618 | &nbsp;&nbsp; 6471785 |
| Seasoned Credit Risk Transfer Trust<sup>(n)</sup>  | Seasoned Credit Risk Transfer Trust<sup>(n)</sup>  | Seasoned Credit Risk Transfer Trust<sup>(n)</sup>  | Seasoned Credit Risk Transfer Trust<sup>(n)</sup>  |
| CMO Series 2017-3SC Class HT (FHLMC) | CMO Series 2017-3SC Class HT (FHLMC) | CMO Series 2017-3SC Class HT (FHLMC) | CMO Series 2017-3SC Class HT (FHLMC) |
| 07/25/2056 | &nbsp;&nbsp; 3.250% | 14721398 | &nbsp;&nbsp; 13548336 |
| Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust | Seasoned Credit Risk Transfer Trust |
| CMO Series 2017-4 Class M45T | CMO Series 2017-4 Class M45T | CMO Series 2017-4 Class M45T | CMO Series 2017-4 Class M45T |
| 06/25/2057 | &nbsp;&nbsp; 4.500% | 1841657 | &nbsp;&nbsp; 1827888 |
| CMO Series 2018-2 Class HT (FHLMC) | CMO Series 2018-2 Class HT (FHLMC) | CMO Series 2018-2 Class HT (FHLMC) | CMO Series 2018-2 Class HT (FHLMC) |
| 11/25/2057 | &nbsp;&nbsp; 3.000% | 894144 | &nbsp;&nbsp; 803185 |
| CMO Series 2018-3 Class HT (FHLMC) | CMO Series 2018-3 Class HT (FHLMC) | CMO Series 2018-3 Class HT (FHLMC) | CMO Series 2018-3 Class HT (FHLMC) |
| 08/25/2057 | &nbsp;&nbsp; 3.000% | 306922 | &nbsp;&nbsp; 272636 |
| CMO Series 2018-4 Class HT (FHLMC) | CMO Series 2018-4 Class HT (FHLMC) | CMO Series 2018-4 Class HT (FHLMC) | CMO Series 2018-4 Class HT (FHLMC) |
| 03/25/2058 | &nbsp;&nbsp; 3.000% | 207299 | &nbsp;&nbsp; 183905 |
| CMO Series 2019-1 Class HT (FHLMC) | CMO Series 2019-1 Class HT (FHLMC) | CMO Series 2019-1 Class HT (FHLMC) | CMO Series 2019-1 Class HT (FHLMC) |
| 07/25/2058 | &nbsp;&nbsp; 3.000% | 821922 | &nbsp;&nbsp; 733895 |
| CMO Series 2019-2 Class HT (FHLMC) | CMO Series 2019-2 Class HT (FHLMC) | CMO Series 2019-2 Class HT (FHLMC) | CMO Series 2019-2 Class HT (FHLMC) |
| 08/25/2058 | &nbsp;&nbsp; 3.000% | 148497 | &nbsp;&nbsp; 132755 |
| CMO Series 2019-3 Class HT (FHLMC) | CMO Series 2019-3 Class HT (FHLMC) | CMO Series 2019-3 Class HT (FHLMC) | CMO Series 2019-3 Class HT (FHLMC) |
| 10/25/2058 | &nbsp;&nbsp; 3.000% | 60809 | &nbsp;&nbsp; 54527 |
| Sequoia Mortgage Trust<sup>(b),(e)</sup>  | Sequoia Mortgage Trust<sup>(b),(e)</sup>  | Sequoia Mortgage Trust<sup>(b),(e)</sup>  | Sequoia Mortgage Trust<sup>(b),(e)</sup>  |
| CMO Series 2019-4 Class A19 | CMO Series 2019-4 Class A19 | CMO Series 2019-4 Class A19 | CMO Series 2019-4 Class A19 |
| 11/25/2049 | &nbsp;&nbsp; 3.500% | 106266 | &nbsp;&nbsp; 97369 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2021-5 Class A19 | CMO Series 2021-5 Class A19 | CMO Series 2021-5 Class A19 | CMO Series 2021-5 Class A19 |
| 07/25/2051 | &nbsp;&nbsp; 2.500% | 561119 | &nbsp;&nbsp; 477082 |
| CMO Series 2024-3 Class A19 | CMO Series 2024-3 Class A19 | CMO Series 2024-3 Class A19 | CMO Series 2024-3 Class A19 |
| 04/25/2054 | &nbsp;&nbsp; 6.000% | 2127301 | &nbsp;&nbsp; 2147576 |
| CMO Series 2024-4 Class A19 | CMO Series 2024-4 Class A19 | CMO Series 2024-4 Class A19 | CMO Series 2024-4 Class A19 |
| 05/25/2054 | &nbsp;&nbsp; 6.000% | 795432 | &nbsp;&nbsp; 803014 |
| CMO Series 2024-8 Class A20 | CMO Series 2024-8 Class A20 | CMO Series 2024-8 Class A20 | CMO Series 2024-8 Class A20 |
| 09/25/2054 | &nbsp;&nbsp; 5.500% | 481630 | &nbsp;&nbsp; 482721 |
| CMO Series 2025-10 Class A28 | CMO Series 2025-10 Class A28 | CMO Series 2025-10 Class A28 | CMO Series 2025-10 Class A28 |
| 11/25/2055 | &nbsp;&nbsp; 6.000% | 3048965 | &nbsp;&nbsp; 3078025 |
| CMO Series 2025-2 Class A19 | CMO Series 2025-2 Class A19 | CMO Series 2025-2 Class A19 | CMO Series 2025-2 Class A19 |
| 03/25/2055 | &nbsp;&nbsp; 6.000% | 989598 | &nbsp;&nbsp; 999030 |
| CMO Series 2025-2 Class A5 | CMO Series 2025-2 Class A5 | CMO Series 2025-2 Class A5 | CMO Series 2025-2 Class A5 |
| 03/25/2055 | &nbsp;&nbsp; 5.500% | 4315842 | &nbsp;&nbsp; 4344692 |
| Subordinated CMO Series 2018-6 Class B1 | Subordinated CMO Series 2018-6 Class B1 | Subordinated CMO Series 2018-6 Class B1 | Subordinated CMO Series 2018-6 Class B1 |
| 07/25/2048 | &nbsp;&nbsp; 4.166% | 961421 | &nbsp;&nbsp; 946901 |
| Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 | Subordinated CMO Series 2019-2 Class B2 |
| 06/25/2049 | &nbsp;&nbsp; 4.261% | 1472483 | &nbsp;&nbsp; 1447740 |
| Subordinated CMO Series 2020-3 Class B2 | Subordinated CMO Series 2020-3 Class B2 | Subordinated CMO Series 2020-3 Class B2 | Subordinated CMO Series 2020-3 Class B2 |
| 04/25/2050 | &nbsp;&nbsp; 3.303% | 900134 | &nbsp;&nbsp; 816933 |
| Subordinated CMO Series 2023-3 Class B3 | Subordinated CMO Series 2023-3 Class B3 | Subordinated CMO Series 2023-3 Class B3 | Subordinated CMO Series 2023-3 Class B3 |
| 09/25/2053 | &nbsp;&nbsp; 6.097% | 1349320 | &nbsp;&nbsp; 1388468 |
| Shentel Issuer LLC<sup>(b)</sup>  | Shentel Issuer LLC<sup>(b)</sup>  | Shentel Issuer LLC<sup>(b)</sup>  | Shentel Issuer LLC<sup>(b)</sup>  |
| CMO Series 2025-1A Class A2 | CMO Series 2025-1A Class A2 | CMO Series 2025-1A Class A2 | CMO Series 2025-1A Class A2 |
| 12/20/2055 | &nbsp;&nbsp; 5.640% | 5090000 | &nbsp;&nbsp; 5186259 |
| Starwood Mortgage Residential Trust<sup>(b),(e)</sup>  | Starwood Mortgage Residential Trust<sup>(b),(e)</sup>  | Starwood Mortgage Residential Trust<sup>(b),(e)</sup>  | Starwood Mortgage Residential Trust<sup>(b),(e)</sup>  |
| CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 | CMO Series 2021-3 Class A1 |
| 06/25/2056 | &nbsp;&nbsp; 1.127% | 3600246 | &nbsp;&nbsp; 3251334 |
| Structured Adjustable Rate Mortgage Loan Trust<sup>(e)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(e)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(e)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(e)</sup>  |
| CMO Series 2004-20 Class 1A2 | CMO Series 2004-20 Class 1A2 | CMO Series 2004-20 Class 1A2 | CMO Series 2004-20 Class 1A2 |
| 01/25/2035 | &nbsp;&nbsp; 4.655% | 223276 | &nbsp;&nbsp; 215700 |
| CMO Series 2006-5 Class 1A1 | CMO Series 2006-5 Class 1A1 | CMO Series 2006-5 Class 1A1 | CMO Series 2006-5 Class 1A1 |
| 06/25/2036 | &nbsp;&nbsp; 4.962% | 502339 | &nbsp;&nbsp; 464455 |
| Toorak Mortgage Corp., Ltd.<sup>(b),(n)</sup>  | Toorak Mortgage Corp., Ltd.<sup>(b),(n)</sup>  | Toorak Mortgage Corp., Ltd.<sup>(b),(n)</sup>  | Toorak Mortgage Corp., Ltd.<sup>(b),(n)</sup>  |
| CMO Series 2022-INV2 Class A1 | CMO Series 2022-INV2 Class A1 | CMO Series 2022-INV2 Class A1 | CMO Series 2022-INV2 Class A1 |
| 06/25/2057 | &nbsp;&nbsp; 4.341% | 4193065 | &nbsp;&nbsp; 4177002 |
| Towd Point Mortgage Trust<sup>(b),(n)</sup>  | Towd Point Mortgage Trust<sup>(b),(n)</sup>  | Towd Point Mortgage Trust<sup>(b),(n)</sup>  | Towd Point Mortgage Trust<sup>(b),(n)</sup>  |
| CMO Series 2024-CES6 Class A1 | CMO Series 2024-CES6 Class A1 | CMO Series 2024-CES6 Class A1 | CMO Series 2024-CES6 Class A1 |
| 11/25/2064 | &nbsp;&nbsp; 5.725% | 10862886 | &nbsp;&nbsp; 10976927 |
| Verus Securitization Trust<sup>(b),(n)</sup>  | Verus Securitization Trust<sup>(b),(n)</sup>  | Verus Securitization Trust<sup>(b),(n)</sup>  | Verus Securitization Trust<sup>(b),(n)</sup>  |
| CMO Series 2024-9 Class A3 | CMO Series 2024-9 Class A3 | CMO Series 2024-9 Class A3 | CMO Series 2024-9 Class A3 |
| 11/25/2069 | &nbsp;&nbsp; 5.894% | 6392595 | &nbsp;&nbsp; 6460469 |
| WaMu Asset-Backed Certificates Trust<sup>(c)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(c)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(c)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(c)</sup>  |
| CMO Series 2007-HE1 Class 2A3 | CMO Series 2007-HE1 Class 2A3 | CMO Series 2007-HE1 Class 2A3 | CMO Series 2007-HE1 Class 2A3 |
| 1-month Term SOFR + 0.414% <br>Floor 0.300% <br>01/25/2037<br>| &nbsp;&nbsp; 4.088% | 2955288 | &nbsp;&nbsp; 1343617 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| WaMu Mortgage Pass-Through Certificates Trust<sup>(e)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(e)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(e)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(e)</sup>  |
| CMO Series 2003-AR8 Class A | CMO Series 2003-AR8 Class A | CMO Series 2003-AR8 Class A | CMO Series 2003-AR8 Class A |
| 08/25/2033 | &nbsp;&nbsp; 5.192% | 131782 | &nbsp;&nbsp; 129944 |
| CMO Series 2004-AR4 Class A6 | CMO Series 2004-AR4 Class A6 | CMO Series 2004-AR4 Class A6 | CMO Series 2004-AR4 Class A6 |
| 06/25/2034 | &nbsp;&nbsp; 5.323% | 1091960 | &nbsp;&nbsp; 1069201 |
| CMO Series 2004-AR7 Class A6 | CMO Series 2004-AR7 Class A6 | CMO Series 2004-AR7 Class A6 | CMO Series 2004-AR7 Class A6 |
| 07/25/2034 | &nbsp;&nbsp; 5.184% | 377678 | &nbsp;&nbsp; 358906 |
| CMO Series 2007-HY1 Class 3A3 | CMO Series 2007-HY1 Class 3A3 | CMO Series 2007-HY1 Class 3A3 | CMO Series 2007-HY1 Class 3A3 |
| 02/25/2037 | &nbsp;&nbsp; 3.975% | 1736752 | &nbsp;&nbsp; 1504279 |
| CMO Series 2007-HY3 Class 1A1 | CMO Series 2007-HY3 Class 1A1 | CMO Series 2007-HY3 Class 1A1 | CMO Series 2007-HY3 Class 1A1 |
| 03/25/2037 | &nbsp;&nbsp; 3.620% | 317193 | &nbsp;&nbsp; 267251 |
| WaMu Mortgage Pass-Through Certificates Trust<sup>(c)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(c)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(c)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(c)</sup>  |
| CMO Series 2005-AR11 Class A1A | CMO Series 2005-AR11 Class A1A | CMO Series 2005-AR11 Class A1A | CMO Series 2005-AR11 Class A1A |
| 1-month Term SOFR + 0.754% <br>Floor 0.640%, Cap 10.500% <br>08/25/2045<br>| &nbsp;&nbsp; 4.428% | 382372 | &nbsp;&nbsp; 386350 |
| CMO Series 2005-AR17 Class A1A1 | CMO Series 2005-AR17 Class A1A1 | CMO Series 2005-AR17 Class A1A1 | CMO Series 2005-AR17 Class A1A1 |
| 1-month Term SOFR + 0.654% <br>Floor 0.540%, Cap 10.500% <br>12/25/2045<br>| &nbsp;&nbsp; 4.328% | 1383803 | &nbsp;&nbsp; 1291796 |
| CMO Series 2005-AR2 Class 2A1A | CMO Series 2005-AR2 Class 2A1A | CMO Series 2005-AR2 Class 2A1A | CMO Series 2005-AR2 Class 2A1A |
| 1-month Term SOFR + 0.734% <br>Floor 0.620%, Cap 10.500% <br>01/25/2045<br>| &nbsp;&nbsp; 4.408% | 269090 | &nbsp;&nbsp; 272040 |
| CMO Series 2005-AR9 Class A1A | CMO Series 2005-AR9 Class A1A | CMO Series 2005-AR9 Class A1A | CMO Series 2005-AR9 Class A1A |
| 1-month Term SOFR + 0.754% <br>Floor 0.640%, Cap 10.500% <br>07/25/2045<br>| &nbsp;&nbsp; 4.428% | 325397 | &nbsp;&nbsp; 321121 |
| CMO Series 2006-AR4 Class 1A1A | CMO Series 2006-AR4 Class 1A1A | CMO Series 2006-AR4 Class 1A1A | CMO Series 2006-AR4 Class 1A1A |
| 1-year MTA + 0.940% <br>Floor 0.940% <br>05/25/2046<br>| &nbsp;&nbsp; 4.798% | 927181 | &nbsp;&nbsp; 852975 |
| CMO Series 2006-AR5 Class A12A | CMO Series 2006-AR5 Class A12A | CMO Series 2006-AR5 Class A12A | CMO Series 2006-AR5 Class A12A |
| 1-year MTA + 0.980% <br>Floor 0.980% <br>06/25/2046<br>| &nbsp;&nbsp; 4.838% | 276189 | &nbsp;&nbsp; 264533 |
| Wells Fargo Mortgage-Backed Securities Trust<sup>(b),(e)</sup>  | Wells Fargo Mortgage-Backed Securities Trust<sup>(b),(e)</sup>  | Wells Fargo Mortgage-Backed Securities Trust<sup>(b),(e)</sup>  | Wells Fargo Mortgage-Backed Securities Trust<sup>(b),(e)</sup>  |
| CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 |
| 11/25/2048 | &nbsp;&nbsp; 3.917% | 19374 | &nbsp;&nbsp; 18595 |
| Subordinated CMO Series 2018-1 Class B3 | Subordinated CMO Series 2018-1 Class B3 | Subordinated CMO Series 2018-1 Class B3 | Subordinated CMO Series 2018-1 Class B3 |
| 07/25/2047 | &nbsp;&nbsp; 3.641% | 901353 | &nbsp;&nbsp; 829232 |
| Subordinated CMO Series 2020-1 Class B3 | Subordinated CMO Series 2020-1 Class B3 | Subordinated CMO Series 2020-1 Class B3 | Subordinated CMO Series 2020-1 Class B3 |
| 12/25/2049 | &nbsp;&nbsp; 3.362% | 1715095 | &nbsp;&nbsp; 1559004 |
| Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $752,444,649) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $752,444,649) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $752,444,649) | &nbsp;&nbsp; **743311543** |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans 0.5%** | **Senior Loans 0.5%** | **Senior Loans 0.5%** | **Senior Loans 0.5%** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** |
| HDI Aerospace Intermediate Holding III Corp.<sup>(c),(r)</sup>  | HDI Aerospace Intermediate Holding III Corp.<sup>(c),(r)</sup>  | HDI Aerospace Intermediate Holding III Corp.<sup>(c),(r)</sup>  | HDI Aerospace Intermediate Holding III Corp.<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.750% <br>02/11/2032<br>| &nbsp;&nbsp; 7.400% | 406925 | &nbsp;&nbsp; 407942 |
| TransDigm, Inc.<sup>(c),(r)</sup>  | TransDigm, Inc.<sup>(c),(r)</sup>  | TransDigm, Inc.<sup>(c),(r)</sup>  | TransDigm, Inc.<sup>(c),(r)</sup>  |
| Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan |
| 1-month Term SOFR + 2.500% <br>02/28/2031<br>| &nbsp;&nbsp; 6.173% | 511011 | &nbsp;&nbsp; 510883 |
| Tranche K Term Loan | Tranche K Term Loan | Tranche K Term Loan | Tranche K Term Loan |
| 1-month Term SOFR + 2.250% <br>03/22/2030<br>| &nbsp;&nbsp; 5.923% | 453176 | &nbsp;&nbsp; 452646 |
| Tranche M Term Loan | Tranche M Term Loan | Tranche M Term Loan | Tranche M Term Loan |
| 1-month Term SOFR + 2.500% <br>08/19/2032<br>| &nbsp;&nbsp; 6.173% | 595833 | &nbsp;&nbsp; 595488 |
| TransDigm, Inc.<sup>(c),(r),(s)</sup>  | TransDigm, Inc.<sup>(c),(r),(s)</sup>  | TransDigm, Inc.<sup>(c),(r),(s)</sup>  | TransDigm, Inc.<sup>(c),(r),(s)</sup>  |
| Tranche N Term Loan | Tranche N Term Loan | Tranche N Term Loan | Tranche N Term Loan |
| 1-month Term SOFR + 2.500% <br>02/13/2033<br>| &nbsp;&nbsp; 6.160% | 700000 | &nbsp;&nbsp; 700532 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2667491** |
| **Apartment REIT 0.0%** | **Apartment REIT 0.0%** | **Apartment REIT 0.0%** | **Apartment REIT 0.0%** |
| Invitation Homes Operating Partnership LP<sup>(c),(i),(r)</sup>  | Invitation Homes Operating Partnership LP<sup>(c),(i),(r)</sup>  | Invitation Homes Operating Partnership LP<sup>(c),(i),(r)</sup>  | Invitation Homes Operating Partnership LP<sup>(c),(i),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 0.850% <br>09/09/2028<br>| &nbsp;&nbsp; 4.510% | 3206777 | &nbsp;&nbsp; 3198760 |
| **Automotive 0.1%** | **Automotive 0.1%** | **Automotive 0.1%** | **Automotive 0.1%** |
| Tenneco, Inc.<sup>(c),(r)</sup>  | Tenneco, Inc.<sup>(c),(r)</sup>  | Tenneco, Inc.<sup>(c),(r)</sup>  | Tenneco, Inc.<sup>(c),(r)</sup>  |
| Tranche A 1st Lien Term Loan | Tranche A 1st Lien Term Loan | Tranche A 1st Lien Term Loan | Tranche A 1st Lien Term Loan |
| 1-month Term SOFR + 4.750% <br>Floor 0.500% <br>11/17/2028<br>| &nbsp;&nbsp; 8.506% | 2374721 | &nbsp;&nbsp; 2333662 |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 5.000% <br>11/17/2028<br>| &nbsp;&nbsp; 8.756% | 2975000 | &nbsp;&nbsp; 2929126 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5262788** |
| **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** | **Brokerage/Asset Managers/Exchanges 0.0%** |
| First Eagle Holdings, Inc.<sup>(c),(r),(s),(t)</sup>  | First Eagle Holdings, Inc.<sup>(c),(r),(s),(t)</sup>  | First Eagle Holdings, Inc.<sup>(c),(r),(s),(t)</sup>  | First Eagle Holdings, Inc.<sup>(c),(r),(s),(t)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 3.500% <br>08/16/2032<br>| &nbsp;&nbsp; 3.500% | 83802 | &nbsp;&nbsp; 81728 |
| First Eagle Holdings, Inc.<sup>(c),(r)</sup>  | First Eagle Holdings, Inc.<sup>(c),(r)</sup>  | First Eagle Holdings, Inc.<sup>(c),(r)</sup>  | First Eagle Holdings, Inc.<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>08/16/2032<br>| &nbsp;&nbsp; 7.172% | 490838 | &nbsp;&nbsp; 478690 |
| Focus Financial Partners LLC<sup>(c),(r),(s)</sup>  | Focus Financial Partners LLC<sup>(c),(r),(s)</sup>  | Focus Financial Partners LLC<sup>(c),(r),(s)</sup>  | Focus Financial Partners LLC<sup>(c),(r),(s)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 1-month Term SOFR + 2.500% <br>09/15/2031<br>| &nbsp;&nbsp; 6.173% | 1000000 | &nbsp;&nbsp; 941250 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Jane Street Group LLC<sup>(c),(r)</sup>  | Jane Street Group LLC<sup>(c),(r)</sup>  | Jane Street Group LLC<sup>(c),(r)</sup>  | Jane Street Group LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.000% <br>12/15/2031<br>| &nbsp;&nbsp; 5.673% | 877902 | &nbsp;&nbsp; 849054 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2350722** |
| **Building Materials 0.0%** | **Building Materials 0.0%** | **Building Materials 0.0%** | **Building Materials 0.0%** |
| Michaels Cos, Inc. (The)<sup>(c),(r),(s)</sup>  | Michaels Cos, Inc. (The)<sup>(c),(r),(s)</sup>  | Michaels Cos, Inc. (The)<sup>(c),(r),(s)</sup>  | Michaels Cos, Inc. (The)<sup>(c),(r),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 5.000% <br>02/19/2033<br>| &nbsp;&nbsp; 8.184% | 914203 | &nbsp;&nbsp; 869919 |
| **Cable and Satellite 0.0%** | **Cable and Satellite 0.0%** | **Cable and Satellite 0.0%** | **Cable and Satellite 0.0%** |
| Charter Communications Operating LLC<sup>(c),(r)</sup>  | Charter Communications Operating LLC<sup>(c),(r)</sup>  | Charter Communications Operating LLC<sup>(c),(r)</sup>  | Charter Communications Operating LLC<sup>(c),(r)</sup>  |
| Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan |
| 3-month Term SOFR + 2.250% <br>12/15/2031<br>| &nbsp;&nbsp; 5.911% | 657967 | &nbsp;&nbsp; 657309 |
| Gogo Intermediate Holdings LLC<sup>(c),(r)</sup>  | Gogo Intermediate Holdings LLC<sup>(c),(r)</sup>  | Gogo Intermediate Holdings LLC<sup>(c),(r)</sup>  | Gogo Intermediate Holdings LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.750% <br>04/30/2028<br>| &nbsp;&nbsp; 7.537% | 292851 | &nbsp;&nbsp; 240870 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **898179** |
| **Construction Machinery 0.0%** | **Construction Machinery 0.0%** | **Construction Machinery 0.0%** | **Construction Machinery 0.0%** |
| Oregon Tool, Inc.<sup>(c),(r)</sup>  | Oregon Tool, Inc.<sup>(c),(r)</sup>  | Oregon Tool, Inc.<sup>(c),(r)</sup>  | Oregon Tool, Inc.<sup>(c),(r)</sup>  |
| Tranche B2 2nd Lien Term Loan | Tranche B2 2nd Lien Term Loan | Tranche B2 2nd Lien Term Loan | Tranche B2 2nd Lien Term Loan |
| 3-month Term SOFR + 4.000% <br>10/15/2029<br>| &nbsp;&nbsp; 7.913% | 594128 | &nbsp;&nbsp; 392867 |
| **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** | **Consumer Cyclical Services 0.0%** |
| Arches Buyer, Inc.<sup>(c),(r)</sup>  | Arches Buyer, Inc.<sup>(c),(r)</sup>  | Arches Buyer, Inc.<sup>(c),(r)</sup>  | Arches Buyer, Inc.<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>12/06/2027<br>| &nbsp;&nbsp; 7.023% | 250194 | &nbsp;&nbsp; 248996 |
| BCPE Empire Holdings, Inc.<sup>(c),(r)</sup>  | BCPE Empire Holdings, Inc.<sup>(c),(r)</sup>  | BCPE Empire Holdings, Inc.<sup>(c),(r)</sup>  | BCPE Empire Holdings, Inc.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.250% <br>12/11/2030<br>| &nbsp;&nbsp; 6.923% | 533645 | &nbsp;&nbsp; 530881 |
| Cast & Crew LLC<sup>(c),(r)</sup>  | Cast & Crew LLC<sup>(c),(r)</sup>  | Cast & Crew LLC<sup>(c),(r)</sup>  | Cast & Crew LLC<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.750% <br>Floor 0.500% <br>12/29/2028<br>| &nbsp;&nbsp; 7.417% | 176905 | &nbsp;&nbsp; 75627 |
| Delivery Hero SE<sup>(c),(r)</sup>  | Delivery Hero SE<sup>(c),(r)</sup>  | Delivery Hero SE<sup>(c),(r)</sup>  | Delivery Hero SE<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 5.000% <br>Floor 0.500% <br>12/12/2029<br>| &nbsp;&nbsp; 8.639% | 927486 | &nbsp;&nbsp; 924240 |
| Ensemble RCM LLC<sup>(c),(r)</sup>  | Ensemble RCM LLC<sup>(c),(r)</sup>  | Ensemble RCM LLC<sup>(c),(r)</sup>  | Ensemble RCM LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>02/09/2033<br>| &nbsp;&nbsp; 6.660% | 708952 | &nbsp;&nbsp; 681182 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Ingenovis Health, Inc.<sup>(c),(r)</sup>  | Ingenovis Health, Inc.<sup>(c),(r)</sup>  | Ingenovis Health, Inc.<sup>(c),(r)</sup>  | Ingenovis Health, Inc.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 4.250% <br>Floor 0.750% <br>03/06/2028<br>| &nbsp;&nbsp; 8.184% | 204361 | &nbsp;&nbsp; 56030 |
| 3-month Term SOFR + 4.250% <br>Floor 0.500% <br>03/06/2028<br>| &nbsp;&nbsp; 8.023% | 401646 | &nbsp;&nbsp; 94387 |
| KUEHG Corp.<sup>(c),(r)</sup>  | KUEHG Corp.<sup>(c),(r)</sup>  | KUEHG Corp.<sup>(c),(r)</sup>  | KUEHG Corp.<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>06/12/2030<br>| &nbsp;&nbsp; 6.422% | 198192 | &nbsp;&nbsp; 189604 |
| Secretariat Advisors LLC<sup>(c),(r),(s)</sup>  | Secretariat Advisors LLC<sup>(c),(r),(s)</sup>  | Secretariat Advisors LLC<sup>(c),(r),(s)</sup>  | Secretariat Advisors LLC<sup>(c),(r),(s)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 4.000% <br>02/28/2032<br>| &nbsp;&nbsp; 4.000% | 25044 | &nbsp;&nbsp; 24522 |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.000% <br>02/28/2032<br>| &nbsp;&nbsp; 7.672% | 206308 | &nbsp;&nbsp; 202010 |
| TripAdvisor, Inc.<sup>(c),(r)</sup>  | TripAdvisor, Inc.<sup>(c),(r)</sup>  | TripAdvisor, Inc.<sup>(c),(r)</sup>  | TripAdvisor, Inc.<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.750% <br>07/08/2031<br>| &nbsp;&nbsp; 6.423% | 337360 | &nbsp;&nbsp; 305031 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3332510** |
| **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** | **Consumer Products 0.0%** |
| Osmosis Buyer Ltd.<sup>(c),(r)</sup>  | Osmosis Buyer Ltd.<sup>(c),(r)</sup>  | Osmosis Buyer Ltd.<sup>(c),(r)</sup>  | Osmosis Buyer Ltd.<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.750% <br>07/30/2028<br>| &nbsp;&nbsp; 0.000% | 650000 | &nbsp;&nbsp; 646458 |
| **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** |
| Cleanova US Holdings LLC<sup>(c),(i),(r)</sup>  | Cleanova US Holdings LLC<sup>(c),(i),(r)</sup>  | Cleanova US Holdings LLC<sup>(c),(i),(r)</sup>  | Cleanova US Holdings LLC<sup>(c),(i),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.750% <br>06/14/2032<br>| &nbsp;&nbsp; 8.483% | 219565 | &nbsp;&nbsp; 219016 |
| CPI Buyer LLC<sup>(c),(r)</sup>  | CPI Buyer LLC<sup>(c),(r)</sup>  | CPI Buyer LLC<sup>(c),(r)</sup>  | CPI Buyer LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.000% <br>05/27/2032<br>| &nbsp;&nbsp; 7.661% | 324716 | &nbsp;&nbsp; 322079 |
| Pelican Products, Inc.<sup>(c),(r)</sup>  | Pelican Products, Inc.<sup>(c),(r)</sup>  | Pelican Products, Inc.<sup>(c),(r)</sup>  | Pelican Products, Inc.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 4.250% <br>12/29/2028<br>| &nbsp;&nbsp; 8.184% | 413323 | &nbsp;&nbsp; 371300 |
| Pro Mach Group, Inc.<sup>(c),(r),(s)</sup>  | Pro Mach Group, Inc.<sup>(c),(r),(s)</sup>  | Pro Mach Group, Inc.<sup>(c),(r),(s)</sup>  | Pro Mach Group, Inc.<sup>(c),(r),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.750% <br>10/15/2032<br>| &nbsp;&nbsp; 6.423% | 641437 | &nbsp;&nbsp; 640795 |
| TK Elevator Midco GmbH<sup>(c),(r),(s)</sup>  | TK Elevator Midco GmbH<sup>(c),(r),(s)</sup>  | TK Elevator Midco GmbH<sup>(c),(r),(s)</sup>  | TK Elevator Midco GmbH<sup>(c),(r),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 6-month Term SOFR + 2.750% <br>04/30/2030<br>|  | 700000 | &nbsp;&nbsp; 700000 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| WEC US Holdings, Inc.<sup>(c),(r)</sup>  | WEC US Holdings, Inc.<sup>(c),(r)</sup>  | WEC US Holdings, Inc.<sup>(c),(r)</sup>  | WEC US Holdings, Inc.<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>01/27/2031<br>| &nbsp;&nbsp; 5.671% | 332029 | &nbsp;&nbsp; 330934 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2584124** |
| **Electric 0.0%** | **Electric 0.0%** | **Electric 0.0%** | **Electric 0.0%** |
| Alpha Generation LLC<sup>(c),(r)</sup>  | Alpha Generation LLC<sup>(c),(r)</sup>  | Alpha Generation LLC<sup>(c),(r)</sup>  | Alpha Generation LLC<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.750% <br>09/30/2031<br>| &nbsp;&nbsp; 5.423% | 742326 | &nbsp;&nbsp; 739312 |
| Cornerstone Generation LLC<sup>(c),(r)</sup>  | Cornerstone Generation LLC<sup>(c),(r)</sup>  | Cornerstone Generation LLC<sup>(c),(r)</sup>  | Cornerstone Generation LLC<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.250% <br>08/11/2032<br>| &nbsp;&nbsp; 5.917% | 174545 | &nbsp;&nbsp; 174763 |
| South Field Energy LLC<sup>(c),(r)</sup>  | South Field Energy LLC<sup>(c),(r)</sup>  | South Field Energy LLC<sup>(c),(r)</sup>  | South Field Energy LLC<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.000% <br>08/29/2031<br>| &nbsp;&nbsp; 6.672% | 228332 | &nbsp;&nbsp; 228903 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 3-month Term SOFR + 3.000% <br>08/29/2031<br>| &nbsp;&nbsp; 6.672% | 13800 | &nbsp;&nbsp; 13835 |
| Vistra Operations Co. LLC<sup>(c),(r)</sup>  | Vistra Operations Co. LLC<sup>(c),(r)</sup>  | Vistra Operations Co. LLC<sup>(c),(r)</sup>  | Vistra Operations Co. LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>12/20/2030<br>| &nbsp;&nbsp; 5.423% | 459191 | &nbsp;&nbsp; 460022 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1616835** |
| **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** |
| Action Environmental Group, Inc. (The)<sup>(c),(r)</sup>  | Action Environmental Group, Inc. (The)<sup>(c),(r)</sup>  | Action Environmental Group, Inc. (The)<sup>(c),(r)</sup>  | Action Environmental Group, Inc. (The)<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>10/24/2030<br>| &nbsp;&nbsp; 6.672% | 248454 | &nbsp;&nbsp; 248143 |
| **Finance Companies 0.0%** | **Finance Companies 0.0%** | **Finance Companies 0.0%** | **Finance Companies 0.0%** |
| Avolon Borrower 1 US LLC<sup>(c),(r)</sup>  | Avolon Borrower 1 US LLC<sup>(c),(r)</sup>  | Avolon Borrower 1 US LLC<sup>(c),(r)</sup>  | Avolon Borrower 1 US LLC<sup>(c),(r)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| 1-month Term SOFR + 1.750% <br>Floor 0.500% <br>06/22/2030<br>| &nbsp;&nbsp; 5.417% | 1796649 | &nbsp;&nbsp; 1801949 |
| Ziggo Financing Partnership<sup>(c),(r)</sup>  | Ziggo Financing Partnership<sup>(c),(r)</sup>  | Ziggo Financing Partnership<sup>(c),(r)</sup>  | Ziggo Financing Partnership<sup>(c),(r)</sup>  |
| Tranche N Term Loan | Tranche N Term Loan | Tranche N Term Loan | Tranche N Term Loan |
| 6-month Term SOFR + 3.250% <br>01/15/2033<br>| &nbsp;&nbsp; 7.027% | 433535 | &nbsp;&nbsp; 421972 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2223921** |
| **Food and Beverage 0.1%** | **Food and Beverage 0.1%** | **Food and Beverage 0.1%** | **Food and Beverage 0.1%** |
| BCPE North Star US Holdco 2, Inc.<sup>(c),(r)</sup>  | BCPE North Star US Holdco 2, Inc.<sup>(c),(r)</sup>  | BCPE North Star US Holdco 2, Inc.<sup>(c),(r)</sup>  | BCPE North Star US Holdco 2, Inc.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 4.000% <br>Floor 0.750% <br>06/09/2028<br>| &nbsp;&nbsp; 7.787% | 478542 | &nbsp;&nbsp; 476049 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| C&S Wholesale Grocers LLC<sup>(c),(r)</sup>  | C&S Wholesale Grocers LLC<sup>(c),(r)</sup>  | C&S Wholesale Grocers LLC<sup>(c),(r)</sup>  | C&S Wholesale Grocers LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 5.000% <br>09/20/2030<br>| &nbsp;&nbsp; 8.672% | 767935 | &nbsp;&nbsp; 752576 |
| Celsius, Inc.<sup>(c),(r)</sup>  | Celsius, Inc.<sup>(c),(r)</sup>  | Celsius, Inc.<sup>(c),(r)</sup>  | Celsius, Inc.<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.500% <br>04/01/2032<br>| &nbsp;&nbsp; 6.172% | 351540 | &nbsp;&nbsp; 353210 |
| Naked Juice LLC<sup>(c),(r)</sup>  | Naked Juice LLC<sup>(c),(r)</sup>  | Naked Juice LLC<sup>(c),(r)</sup>  | Naked Juice LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.250% <br>01/24/2029<br>| &nbsp;&nbsp; 7.022% | 369690 | &nbsp;&nbsp; 225626 |
| 3-month Term SOFR + 5.500% <br>Floor 1.000% <br>01/24/2029<br>| &nbsp;&nbsp; 9.172% | 1922196 | &nbsp;&nbsp; 1910778 |
| 3-month Term SOFR + 1.000% <br>01/24/2030<br>| &nbsp;&nbsp; 4.772% | 69775 | &nbsp;&nbsp; 14692 |
| United Natural Foods, Inc.<sup>(c),(r)</sup>  | United Natural Foods, Inc.<sup>(c),(r)</sup>  | United Natural Foods, Inc.<sup>(c),(r)</sup>  | United Natural Foods, Inc.<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.750% <br>05/01/2031<br>| &nbsp;&nbsp; 8.423% | 429654 | &nbsp;&nbsp; 433056 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4165987** |
| **Gaming 0.0%** | **Gaming 0.0%** | **Gaming 0.0%** | **Gaming 0.0%** |
| DraftKings, Inc.<sup>(c),(r)</sup>  | DraftKings, Inc.<sup>(c),(r)</sup>  | DraftKings, Inc.<sup>(c),(r)</sup>  | DraftKings, Inc.<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.750% <br>03/04/2032<br>| &nbsp;&nbsp; 5.418% | 412686 | &nbsp;&nbsp; 410944 |
| Flutter Entertainment PLC<sup>(c),(r)</sup>  | Flutter Entertainment PLC<sup>(c),(r)</sup>  | Flutter Entertainment PLC<sup>(c),(r)</sup>  | Flutter Entertainment PLC<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 1.750% <br>11/30/2030<br>| &nbsp;&nbsp; 5.422% | 505856 | &nbsp;&nbsp; 497004 |
| Great Canadian Gaming Corp.<sup>(c),(r)</sup>  | Great Canadian Gaming Corp.<sup>(c),(r)</sup>  | Great Canadian Gaming Corp.<sup>(c),(r)</sup>  | Great Canadian Gaming Corp.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 4.750% <br>11/01/2029<br>| &nbsp;&nbsp; 8.445% | 372715 | &nbsp;&nbsp; 363166 |
| Voyager Parent LLC<sup>(c),(r)</sup>  | Voyager Parent LLC<sup>(c),(r)</sup>  | Voyager Parent LLC<sup>(c),(r)</sup>  | Voyager Parent LLC<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.250% <br>07/01/2032<br>| &nbsp;&nbsp; 7.911% | 664336 | &nbsp;&nbsp; 661327 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1932441** |
| **Health Care 0.1%** | **Health Care 0.1%** | **Health Care 0.1%** | **Health Care 0.1%** |
| ADMI Corp./Aspen Dental<sup>(c),(i),(r)</sup>  | ADMI Corp./Aspen Dental<sup>(c),(i),(r)</sup>  | ADMI Corp./Aspen Dental<sup>(c),(i),(r)</sup>  | ADMI Corp./Aspen Dental<sup>(c),(i),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.375% <br>Floor 0.500% <br>12/23/2027<br>| &nbsp;&nbsp; 7.162% | 180129 | &nbsp;&nbsp; 170672 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(c),(r)</sup>  | Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(c),(r)</sup>  | Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(c),(r)</sup>  | Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(c),(r)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 3.675% <br>Floor 0.500% <br>07/06/2029<br>| &nbsp;&nbsp; 7.347% | 111486 | &nbsp;&nbsp; 111765 |
| ExamWorks Bidco, Inc.<sup>(c),(r),(s)</sup>  | ExamWorks Bidco, Inc.<sup>(c),(r),(s)</sup>  | ExamWorks Bidco, Inc.<sup>(c),(r),(s)</sup>  | ExamWorks Bidco, Inc.<sup>(c),(r),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.500% <br>Floor 0.500% <br>01/31/2033<br>|  | 650000 | &nbsp;&nbsp; 648648 |
| Heartland Dental LLC<sup>(c),(r)</sup>  | Heartland Dental LLC<sup>(c),(r)</sup>  | Heartland Dental LLC<sup>(c),(r)</sup>  | Heartland Dental LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.750% <br>08/25/2032<br>| &nbsp;&nbsp; 7.423% | 595786 | &nbsp;&nbsp; 593957 |
| Hopper Merger Sub, Inc.<sup>(c),(r),(s)</sup>  | Hopper Merger Sub, Inc.<sup>(c),(r),(s)</sup>  | Hopper Merger Sub, Inc.<sup>(c),(r),(s)</sup>  | Hopper Merger Sub, Inc.<sup>(c),(r),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.250% <br>01/14/2033<br>|  | 985810 | &nbsp;&nbsp; 973488 |
| Iqvia, Inc.<sup>(c),(r)</sup>  | Iqvia, Inc.<sup>(c),(r)</sup>  | Iqvia, Inc.<sup>(c),(r)</sup>  | Iqvia, Inc.<sup>(c),(r)</sup>  |
| Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan |
| 3-month Term SOFR + 1.750% <br>01/02/2031<br>| &nbsp;&nbsp; 5.422% | 637325 | &nbsp;&nbsp; 637058 |
| ModivCare Buyer LLC<sup>(c),(r)</sup>  | ModivCare Buyer LLC<sup>(c),(r)</sup>  | ModivCare Buyer LLC<sup>(c),(r)</sup>  | ModivCare Buyer LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 5.000% <br>12/29/2030<br>| &nbsp;&nbsp; 8.690% | 999321 | &nbsp;&nbsp; 919375 |
| 3-month Term SOFR + 4.250% <br>12/29/2030<br>| &nbsp;&nbsp; 7.940% | 590000 | &nbsp;&nbsp; 584100 |
| Soliant Lower Intermediate LLC<sup>(c),(r)</sup>  | Soliant Lower Intermediate LLC<sup>(c),(r)</sup>  | Soliant Lower Intermediate LLC<sup>(c),(r)</sup>  | Soliant Lower Intermediate LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 6-month Term SOFR + 3.750% <br>07/18/2031<br>| &nbsp;&nbsp; 7.376% | 713954 | &nbsp;&nbsp; 521186 |
| Star Parent, Inc.<sup>(c),(r)</sup>  | Star Parent, Inc.<sup>(c),(r)</sup>  | Star Parent, Inc.<sup>(c),(r)</sup>  | Star Parent, Inc.<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.000% <br>09/27/2030<br>| &nbsp;&nbsp; 7.672% | 145954 | &nbsp;&nbsp; 141107 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5301356** |
| **Healthcare REIT 0.1%** | **Healthcare REIT 0.1%** | **Healthcare REIT 0.1%** | **Healthcare REIT 0.1%** |
| Healthpeak OP LLC<sup>(c),(i),(r)</sup>  | Healthpeak OP LLC<sup>(c),(i),(r)</sup>  | Healthpeak OP LLC<sup>(c),(i),(r)</sup>  | Healthpeak OP LLC<sup>(c),(i),(r)</sup>  |
| Tranche A1 Term Loan | Tranche A1 Term Loan | Tranche A1 Term Loan | Tranche A1 Term Loan |
| 1-month Term SOFR + 0.840% <br>08/20/2027<br>| &nbsp;&nbsp; 4.513% | 1111953 | &nbsp;&nbsp; 1098054 |
| Tranche A2 Term Loan | Tranche A2 Term Loan | Tranche A2 Term Loan | Tranche A2 Term Loan |
| 1-month Term SOFR + 0.840% <br>02/22/2027<br>| &nbsp;&nbsp; 4.513% | 1111954 | &nbsp;&nbsp; 1098054 |
| Tranche A3 Term Loan | Tranche A3 Term Loan | Tranche A3 Term Loan | Tranche A3 Term Loan |
| 3-month Term SOFR + 0.850% <br>03/01/2029<br>| &nbsp;&nbsp; 4.490% | 2244162 | &nbsp;&nbsp; 2204890 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4400998** |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Home Construction 0.0%** | **Home Construction 0.0%** | **Home Construction 0.0%** | **Home Construction 0.0%** |
| Kelso Industries LLC<sup>(c),(r)</sup>  | Kelso Industries LLC<sup>(c),(r)</sup>  | Kelso Industries LLC<sup>(c),(r)</sup>  | Kelso Industries LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 5.750% <br>12/30/2029<br>| &nbsp;&nbsp; 9.423% | 430648 | &nbsp;&nbsp; 430648 |
| **Leisure 0.0%** | **Leisure 0.0%** | **Leisure 0.0%** | **Leisure 0.0%** |
| City Football Group Ltd.<sup>(c),(r)</sup>  | City Football Group Ltd.<sup>(c),(r)</sup>  | City Football Group Ltd.<sup>(c),(r)</sup>  | City Football Group Ltd.<sup>(c),(r)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 3.250% <br>07/18/2030<br>| &nbsp;&nbsp; 7.184% | 582296 | &nbsp;&nbsp; 578476 |
| EOC Borrower LLC<sup>(c),(r)</sup>  | EOC Borrower LLC<sup>(c),(r)</sup>  | EOC Borrower LLC<sup>(c),(r)</sup>  | EOC Borrower LLC<sup>(c),(r)</sup>  |
| Tranche A Term Loan | Tranche A Term Loan | Tranche A Term Loan | Tranche A Term Loan |
| 1-month Term SOFR + 3.750% <br>03/24/2028<br>| &nbsp;&nbsp; 7.423% | 180169 | &nbsp;&nbsp; 179832 |
| Showtime Acquisition LLC<sup>(c),(r)</sup>  | Showtime Acquisition LLC<sup>(c),(r)</sup>  | Showtime Acquisition LLC<sup>(c),(r)</sup>  | Showtime Acquisition LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.750% <br>08/16/2031<br>| &nbsp;&nbsp; 8.402% | 433833 | &nbsp;&nbsp; 428952 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1187260** |
| **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** | **Lodging 0.0%** |
| Hilton Domestic Operating Co., Inc.<sup>(c),(r)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(c),(r)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(c),(r)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(c),(r)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| 1-month Term SOFR + 1.750% <br>11/08/2030<br>| &nbsp;&nbsp; 5.424% | 2082792 | &nbsp;&nbsp; 2089519 |
| **Media and Entertainment 0.0%** | **Media and Entertainment 0.0%** | **Media and Entertainment 0.0%** | **Media and Entertainment 0.0%** |
| ABG Intermediate Holdings 2 LLC<sup>(c),(r)</sup>  | ABG Intermediate Holdings 2 LLC<sup>(c),(r)</sup>  | ABG Intermediate Holdings 2 LLC<sup>(c),(r)</sup>  | ABG Intermediate Holdings 2 LLC<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.250% <br>12/21/2028<br>| &nbsp;&nbsp; 5.923% | 115097 | &nbsp;&nbsp; 114665 |
| Diamond Sports Net LLC<sup>(r)</sup>  | Diamond Sports Net LLC<sup>(r)</sup>  | Diamond Sports Net LLC<sup>(r)</sup>  | Diamond Sports Net LLC<sup>(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 01/02/2028 | &nbsp;&nbsp; 0.000% | 402476 | &nbsp;&nbsp; 60372 |
| Magnite, Inc.<sup>(c),(r)</sup>  | Magnite, Inc.<sup>(c),(r)</sup>  | Magnite, Inc.<sup>(c),(r)</sup>  | Magnite, Inc.<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>02/06/2031<br>| &nbsp;&nbsp; 6.673% | 497577 | &nbsp;&nbsp; 492602 |
| MH Sub I LLC/Micro Holding Corp.<sup>(c),(r)</sup>  | MH Sub I LLC/Micro Holding Corp.<sup>(c),(r)</sup>  | MH Sub I LLC/Micro Holding Corp.<sup>(c),(r)</sup>  | MH Sub I LLC/Micro Holding Corp.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 4.250% <br>Floor 0.500% <br>05/03/2028<br>| &nbsp;&nbsp; 7.923% | 211817 | &nbsp;&nbsp; 171396 |
| 1-month Term SOFR + 4.250% <br>Floor 0.500% <br>05/03/2028<br>| &nbsp;&nbsp; 7.923% | 162270 | &nbsp;&nbsp; 131304 |
| 1-month Term SOFR + 4.250% <br>12/31/2031<br>| &nbsp;&nbsp; 7.923% | 607825 | &nbsp;&nbsp; 411801 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Plano Holdco, Inc.<sup>(c),(r)</sup>  | Plano Holdco, Inc.<sup>(c),(r)</sup>  | Plano Holdco, Inc.<sup>(c),(r)</sup>  | Plano Holdco, Inc.<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>10/02/2031<br>| &nbsp;&nbsp; 7.172% | 129025 | &nbsp;&nbsp; 109671 |
| Red Ventures LLC/New Imagitas, Inc.<sup>(c),(r)</sup>  | Red Ventures LLC/New Imagitas, Inc.<sup>(c),(r)</sup>  | Red Ventures LLC/New Imagitas, Inc.<sup>(c),(r)</sup>  | Red Ventures LLC/New Imagitas, Inc.<sup>(c),(r)</sup>  |
| Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan |
| 1-month Term SOFR + 2.750% <br>03/04/2030<br>| &nbsp;&nbsp; 6.423% | 410754 | &nbsp;&nbsp; 334177 |
| Research Now Group LLC<sup>(c),(r)</sup>  | Research Now Group LLC<sup>(c),(r)</sup>  | Research Now Group LLC<sup>(c),(r)</sup>  | Research Now Group LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 5.000% <br>07/15/2028<br>| &nbsp;&nbsp; 8.913% | 92705 | &nbsp;&nbsp; 91314 |
| StubHub Holdco Sub LLC<sup>(c),(r)</sup>  | StubHub Holdco Sub LLC<sup>(c),(r)</sup>  | StubHub Holdco Sub LLC<sup>(c),(r)</sup>  | StubHub Holdco Sub LLC<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 4.750% <br>03/15/2030<br>| &nbsp;&nbsp; 8.423% | 268383 | &nbsp;&nbsp; 259212 |
| X Corp.<sup>(c),(r)</sup>  | X Corp.<sup>(c),(r)</sup>  | X Corp.<sup>(c),(r)</sup>  | X Corp.<sup>(c),(r)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| 3-month Term SOFR + 6.500% <br>10/26/2029<br>| &nbsp;&nbsp; 10.448% | 562201 | &nbsp;&nbsp; 563370 |
| Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan |
| 1-month Term SOFR + 9.500% <br>10/26/2029<br>| &nbsp;&nbsp; 9.500% | 221156 | &nbsp;&nbsp; 231882 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **2971766** |
| **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** |
| Discovery Energy Holdings<sup>(c),(r),(s)</sup>  | Discovery Energy Holdings<sup>(c),(r),(s)</sup>  | Discovery Energy Holdings<sup>(c),(r),(s)</sup>  | Discovery Energy Holdings<sup>(c),(r),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.000% <br>05/01/2031<br>|  | 650000 | &nbsp;&nbsp; 649389 |
| **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** | **Other Industry 0.0%** |
| Bach Finance Ltd.<sup>(c),(r),(s)</sup>  | Bach Finance Ltd.<sup>(c),(r),(s)</sup>  | Bach Finance Ltd.<sup>(c),(r),(s)</sup>  | Bach Finance Ltd.<sup>(c),(r),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.250% <br>01/09/2032<br>| &nbsp;&nbsp; 5.921% | 700000 | &nbsp;&nbsp; 693875 |
| BradyPLUS Holdings LLC<sup>(c),(r)</sup>  | BradyPLUS Holdings LLC<sup>(c),(r)</sup>  | BradyPLUS Holdings LLC<sup>(c),(r)</sup>  | BradyPLUS Holdings LLC<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.500% <br>12/29/2032<br>| &nbsp;&nbsp; 7.190% | 1111410 | &nbsp;&nbsp; 1100997 |
| Chariot Buyer LLC<sup>(c),(r),(s)</sup>  | Chariot Buyer LLC<sup>(c),(r),(s)</sup>  | Chariot Buyer LLC<sup>(c),(r),(s)</sup>  | Chariot Buyer LLC<sup>(c),(r),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.750% <br>09/08/2032<br>| &nbsp;&nbsp; 6.423% | 650000 | &nbsp;&nbsp; 647341 |
| LSF12 Helix Parent LLC<sup>(c),(r),(s)</sup>  | LSF12 Helix Parent LLC<sup>(c),(r),(s)</sup>  | LSF12 Helix Parent LLC<sup>(c),(r),(s)</sup>  | LSF12 Helix Parent LLC<sup>(c),(r),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.500% <br>02/10/2033<br>| &nbsp;&nbsp; 7.173% | 558871 | &nbsp;&nbsp; 558206 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Potomac Energy Center LLC<sup>(c),(r)</sup>  | Potomac Energy Center LLC<sup>(c),(r)</sup>  | Potomac Energy Center LLC<sup>(c),(r)</sup>  | Potomac Energy Center LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>08/05/2032<br>| &nbsp;&nbsp; 6.417% | 211347 | &nbsp;&nbsp; 211875 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3212294** |
| **Packaging 0.0%** | **Packaging 0.0%** | **Packaging 0.0%** | **Packaging 0.0%** |
| Graham Packaging Co., Inc.<sup>(c),(r),(s)</sup>  | Graham Packaging Co., Inc.<sup>(c),(r),(s)</sup>  | Graham Packaging Co., Inc.<sup>(c),(r),(s)</sup>  | Graham Packaging Co., Inc.<sup>(c),(r),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>01/26/2033<br>| &nbsp;&nbsp; 5.923% | 346667 | &nbsp;&nbsp; 345817 |
| LC Ahab US Bidco LLC<sup>(c),(r)</sup>  | LC Ahab US Bidco LLC<sup>(c),(r)</sup>  | LC Ahab US Bidco LLC<sup>(c),(r)</sup>  | LC Ahab US Bidco LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>05/01/2031<br>| &nbsp;&nbsp; 6.173% | 50000 | &nbsp;&nbsp; 49875 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **395692** |
| **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** |
| Mativ Holdings, Inc.<sup>(c),(i),(r)</sup>  | Mativ Holdings, Inc.<sup>(c),(i),(r)</sup>  | Mativ Holdings, Inc.<sup>(c),(i),(r)</sup>  | Mativ Holdings, Inc.<sup>(c),(i),(r)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 1-month Term SOFR + 2.500% <br>05/06/2027<br>| &nbsp;&nbsp; 6.273% | 162661 | &nbsp;&nbsp; 159407 |
| **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** | **Pharmaceuticals 0.0%** |
| Jazz Pharmaceuticals, Inc.<sup>(c),(r)</sup>  | Jazz Pharmaceuticals, Inc.<sup>(c),(r)</sup>  | Jazz Pharmaceuticals, Inc.<sup>(c),(r)</sup>  | Jazz Pharmaceuticals, Inc.<sup>(c),(r)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 1-month Term SOFR + 2.250% <br>Floor 0.500% <br>05/05/2028<br>| &nbsp;&nbsp; 5.923% | 400423 | &nbsp;&nbsp; 401480 |
| **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** | **Restaurants 0.0%** |
| 1011778 BC ULC<sup>(c),(r)</sup>  | 1011778 BC ULC<sup>(c),(r)</sup>  | 1011778 BC ULC<sup>(c),(r)</sup>  | 1011778 BC ULC<sup>(c),(r)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| 1-month Term SOFR + 1.750% <br>09/20/2030<br>| &nbsp;&nbsp; 5.423% | 405604 | &nbsp;&nbsp; 404927 |
| Dave & Buster's, Inc.<sup>(c),(r)</sup>  | Dave & Buster's, Inc.<sup>(c),(r)</sup>  | Dave & Buster's, Inc.<sup>(c),(r)</sup>  | Dave & Buster's, Inc.<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.250% <br>11/01/2031<br>| &nbsp;&nbsp; 6.938% | 461221 | &nbsp;&nbsp; 411639 |
| KFC Holding Co./Yum! Brands<sup>(c),(r)</sup>  | KFC Holding Co./Yum! Brands<sup>(c),(r)</sup>  | KFC Holding Co./Yum! Brands<sup>(c),(r)</sup>  | KFC Holding Co./Yum! Brands<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.750% <br>03/15/2028<br>| &nbsp;&nbsp; 5.529% | 356038 | &nbsp;&nbsp; 356594 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1173160** |
| **Retailers 0.0%** | **Retailers 0.0%** | **Retailers 0.0%** | **Retailers 0.0%** |
| EG America LLC<sup>(c),(r),(s)</sup>  | EG America LLC<sup>(c),(r),(s)</sup>  | EG America LLC<sup>(c),(r),(s)</sup>  | EG America LLC<sup>(c),(r),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.250% <br>01/30/2031<br>|  | 650000 | &nbsp;&nbsp; 648538 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Great Outdoors Group LLC<sup>(c),(r)</sup>  | Great Outdoors Group LLC<sup>(c),(r)</sup>  | Great Outdoors Group LLC<sup>(c),(r)</sup>  | Great Outdoors Group LLC<sup>(c),(r)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>01/23/2032<br>| &nbsp;&nbsp; 6.923% | 385776 | &nbsp;&nbsp; 384812 |
| Michaels Co., Inc. (The)<sup>(c),(r)</sup>  | Michaels Co., Inc. (The)<sup>(c),(r)</sup>  | Michaels Co., Inc. (The)<sup>(c),(r)</sup>  | Michaels Co., Inc. (The)<sup>(c),(r)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.250% <br>Floor 0.750% <br>04/15/2028<br>| &nbsp;&nbsp; 8.184% | 616156 | &nbsp;&nbsp; 614874 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1648224** |
| **Technology 0.1%** | **Technology 0.1%** | **Technology 0.1%** | **Technology 0.1%** |
| Barracuda Parent LLC<sup>(c),(r)</sup>  | Barracuda Parent LLC<sup>(c),(r)</sup>  | Barracuda Parent LLC<sup>(c),(r)</sup>  | Barracuda Parent LLC<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 4.500% <br>Floor 0.500% <br>08/15/2029<br>| &nbsp;&nbsp; 8.167% | 222487 | &nbsp;&nbsp; 146841 |
| Blackhawk Network Holdings, Inc.<sup>(c),(r)</sup>  | Blackhawk Network Holdings, Inc.<sup>(c),(r)</sup>  | Blackhawk Network Holdings, Inc.<sup>(c),(r)</sup>  | Blackhawk Network Holdings, Inc.<sup>(c),(r)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| 1-month Term SOFR + 3.500% <br>03/12/2029<br>| &nbsp;&nbsp; 7.173% | 698237 | &nbsp;&nbsp; 691429 |
| Cloudera, Inc.<sup>(c),(r)</sup>  | Cloudera, Inc.<sup>(c),(r)</sup>  | Cloudera, Inc.<sup>(c),(r)</sup>  | Cloudera, Inc.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.750% <br>Floor 0.500% <br>10/08/2028<br>| &nbsp;&nbsp; 7.523% | 597390 | &nbsp;&nbsp; 525064 |
| Darktrace Finco US LLC<sup>(c),(r)</sup>  | Darktrace Finco US LLC<sup>(c),(r)</sup>  | Darktrace Finco US LLC<sup>(c),(r)</sup>  | Darktrace Finco US LLC<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.250% <br>10/09/2031<br>| &nbsp;&nbsp; 6.898% | 379560 | &nbsp;&nbsp; 359634 |
| DTI Holdco, Inc.<sup>(c),(r)</sup>  | DTI Holdco, Inc.<sup>(c),(r)</sup>  | DTI Holdco, Inc.<sup>(c),(r)</sup>  | DTI Holdco, Inc.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 4.000% <br>04/26/2029<br>| &nbsp;&nbsp; 7.673% | 575629 | &nbsp;&nbsp; 493245 |
| EagleView Technology Corp.<sup>(c),(r)</sup>  | EagleView Technology Corp.<sup>(c),(r)</sup>  | EagleView Technology Corp.<sup>(c),(r)</sup>  | EagleView Technology Corp.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 5.500% <br>08/14/2028<br>| &nbsp;&nbsp; 9.172% | 609814 | &nbsp;&nbsp; 553406 |
| Genesys Cloud Services Holdings I LLC<sup>(c),(r)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(c),(r)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(c),(r)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>01/30/2032<br>| &nbsp;&nbsp; 6.173% | 305959 | &nbsp;&nbsp; 280717 |
| McAfee Corp.<sup>(c),(r)</sup>  | McAfee Corp.<sup>(c),(r)</sup>  | McAfee Corp.<sup>(c),(r)</sup>  | McAfee Corp.<sup>(c),(r)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 3.000% <br>03/01/2029<br>| &nbsp;&nbsp; 6.673% | 350534 | &nbsp;&nbsp; 304088 |
| Neon Maple Purchaser, Inc.<sup>(c),(r)</sup>  | Neon Maple Purchaser, Inc.<sup>(c),(r)</sup>  | Neon Maple Purchaser, Inc.<sup>(c),(r)</sup>  | Neon Maple Purchaser, Inc.<sup>(c),(r)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 2.500% <br>11/17/2031<br>| &nbsp;&nbsp; 6.173% | 248128 | &nbsp;&nbsp; 241382 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Open Text Corp.<sup>(c),(r),(s)</sup>  | Open Text Corp.<sup>(c),(r),(s)</sup>  | Open Text Corp.<sup>(c),(r),(s)</sup>  | Open Text Corp.<sup>(c),(r),(s)</sup>  |
| Term Loan  | Term Loan  | Term Loan  | Term Loan  |
| 1-month Term SOFR + 1.750% <br>01/31/2030<br>|  | 234382 | &nbsp;&nbsp; 227692 |
| Peraton Corp.<sup>(c),(r)</sup>  | Peraton Corp.<sup>(c),(r)</sup>  | Peraton Corp.<sup>(c),(r)</sup>  | Peraton Corp.<sup>(c),(r)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 3.750% <br>Floor 0.750% <br>02/01/2028<br>| &nbsp;&nbsp; 7.517% | 459812 | &nbsp;&nbsp; 392422 |
| Planview Parent, Inc.<sup>(c),(r),(s)</sup>  | Planview Parent, Inc.<sup>(c),(r),(s)</sup>  | Planview Parent, Inc.<sup>(c),(r),(s)</sup>  | Planview Parent, Inc.<sup>(c),(r),(s)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 3.500% <br>12/17/2027<br>| &nbsp;&nbsp; 7.172% | 1014040 | &nbsp;&nbsp; 794896 |
| Priority Holdings LLC<sup>(c),(r),(s)</sup>  | Priority Holdings LLC<sup>(c),(r),(s)</sup>  | Priority Holdings LLC<sup>(c),(r),(s)</sup>  | Priority Holdings LLC<sup>(c),(r),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.750% <br>07/30/2032<br>| &nbsp;&nbsp; 7.423% | 546013 | &nbsp;&nbsp; 532592 |
| Project Alpha Intermediate Holding, Inc.<sup>(c),(r)</sup>  | Project Alpha Intermediate Holding, Inc.<sup>(c),(r)</sup>  | Project Alpha Intermediate Holding, Inc.<sup>(c),(r)</sup>  | Project Alpha Intermediate Holding, Inc.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.250% <br>10/26/2030<br>| &nbsp;&nbsp; 6.922% | 840537 | &nbsp;&nbsp; 681886 |
| Quartz AcquireCo LLC<sup>(c),(r)</sup>  | Quartz AcquireCo LLC<sup>(c),(r)</sup>  | Quartz AcquireCo LLC<sup>(c),(r)</sup>  | Quartz AcquireCo LLC<sup>(c),(r)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 3-month Term SOFR + 2.250% <br>06/28/2030<br>| &nbsp;&nbsp; 5.922% | 456393 | &nbsp;&nbsp; 405049 |
| Renaissance Holding Corp.<sup>(c),(r)</sup>  | Renaissance Holding Corp.<sup>(c),(r)</sup>  | Renaissance Holding Corp.<sup>(c),(r)</sup>  | Renaissance Holding Corp.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 4.000% <br>Floor 0.500% <br>04/05/2030<br>| &nbsp;&nbsp; 7.667% | 975824 | &nbsp;&nbsp; 728941 |
| SonarSource Financing LLC<sup>(c),(r)</sup>  | SonarSource Financing LLC<sup>(c),(r)</sup>  | SonarSource Financing LLC<sup>(c),(r)</sup>  | SonarSource Financing LLC<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.500% <br>12/19/2030<br>| &nbsp;&nbsp; 8.168% | 399325 | &nbsp;&nbsp; 371372 |
| Sophos Holdings SARL<sup>(c),(r)</sup>  | Sophos Holdings SARL<sup>(c),(r)</sup>  | Sophos Holdings SARL<sup>(c),(r)</sup>  | Sophos Holdings SARL<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.500% <br>03/05/2027<br>| &nbsp;&nbsp; 7.287% | 661356 | &nbsp;&nbsp; 613613 |
| Xerox Corp.<sup>(c),(r)</sup>  | Xerox Corp.<sup>(c),(r)</sup>  | Xerox Corp.<sup>(c),(r)</sup>  | Xerox Corp.<sup>(c),(r)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 6-month Term SOFR + 4.000% <br>Floor 0.500% <br>11/19/2029<br>| &nbsp;&nbsp; 7.697% | 1114334 | &nbsp;&nbsp; 713174 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **9057443** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Wirelines 0.0%** | **Wirelines 0.0%** | **Wirelines 0.0%** | **Wirelines 0.0%** | **Wirelines 0.0%** |
| Zayo Group Holdings, Inc.<sup>(c),(r)</sup>  | Zayo Group Holdings, Inc.<sup>(c),(r)</sup>  | Zayo Group Holdings, Inc.<sup>(c),(r)</sup>  | Zayo Group Holdings, Inc.<sup>(c),(r)</sup>  | Zayo Group Holdings, Inc.<sup>(c),(r)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>03/11/2030<br>| &nbsp;&nbsp; 6.787% |  | 279571 | &nbsp;&nbsp; 268738 |
| Total Senior Loans <br>(Cost $68,279,541) | Total Senior Loans <br>(Cost $68,279,541) | Total Senior Loans <br>(Cost $68,279,541) | Total Senior Loans <br>(Cost $68,279,541) | &nbsp;&nbsp; **65738519** |
| **Treasury Bills**<sup>(a)</sup> **0.1%** | **Treasury Bills**<sup>(a)</sup> **0.1%** | **Treasury Bills**<sup>(a)</sup> **0.1%** | **Treasury Bills**<sup>(a)</sup> **0.1%** | **Treasury Bills**<sup>(a)</sup> **0.1%** |
| **Issuer** | **Yield** |  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Turkey 0.1%** | **Turkey 0.1%** | **Turkey 0.1%** | **Turkey 0.1%** | **Turkey 0.1%** |
| Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond |
| 08/12/2026 | &nbsp;&nbsp; 35.530% | TRY | 305891800 | &nbsp;&nbsp; 7055288 |
| Total Treasury Bills <br>(Cost $7,088,362) | Total Treasury Bills <br>(Cost $7,088,362) | Total Treasury Bills <br>(Cost $7,088,362) | Total Treasury Bills <br>(Cost $7,088,362) | &nbsp;&nbsp; **7055288** |
| **U.S. Government & Agency Obligations 0.0%** | **U.S. Government & Agency Obligations 0.0%** | **U.S. Government & Agency Obligations 0.0%** | **U.S. Government & Agency Obligations 0.0%** | **U.S. Government & Agency Obligations 0.0%** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Residual Funding Corp.<sup>(j)</sup>  | Residual Funding Corp.<sup>(j)</sup>  | Residual Funding Corp.<sup>(j)</sup>  | Residual Funding Corp.<sup>(j)</sup>  | Residual Funding Corp.<sup>(j)</sup>  |
| STRIPS | STRIPS | STRIPS | STRIPS | STRIPS |
| 01/15/2030 | &nbsp;&nbsp; 0.000% |  | 3275000 | &nbsp;&nbsp; 2846835 |
| Resolution Funding Corp.<sup>(j)</sup>  | Resolution Funding Corp.<sup>(j)</sup>  | Resolution Funding Corp.<sup>(j)</sup>  | Resolution Funding Corp.<sup>(j)</sup>  | Resolution Funding Corp.<sup>(j)</sup>  |
| STRIPS | STRIPS | STRIPS | STRIPS | STRIPS |
| 04/15/2030 | &nbsp;&nbsp; 0.000% |  | 2360000 | &nbsp;&nbsp; 2021235 |
| Total U.S. Government & Agency Obligations <br>(Cost $4,849,127) | Total U.S. Government & Agency Obligations <br>(Cost $4,849,127) | Total U.S. Government & Agency Obligations <br>(Cost $4,849,127) | Total U.S. Government & Agency Obligations <br>(Cost $4,849,127) | &nbsp;&nbsp; **4868070** |
| **U.S. Treasury Obligations 15.3%** | **U.S. Treasury Obligations 15.3%** | **U.S. Treasury Obligations 15.3%** | **U.S. Treasury Obligations 15.3%** | **U.S. Treasury Obligations 15.3%** |
| U.S. Treasury<sup>(d)</sup>  | U.S. Treasury<sup>(d)</sup>  | U.S. Treasury<sup>(d)</sup>  | U.S. Treasury<sup>(d)</sup>  | U.S. Treasury<sup>(d)</sup>  |
| 02/29/2028 | &nbsp;&nbsp; 3.375% |  | 139187200 | &nbsp;&nbsp; 139154578 |
| 02/28/2031 | &nbsp;&nbsp; 3.625% |  | 231324100 | &nbsp;&nbsp; 231143378 |
| 02/28/2033 | &nbsp;&nbsp; 3.750% |  | 121425300 | &nbsp;&nbsp; 121638743 |
| U.S. Treasury | U.S. Treasury | U.S. Treasury | U.S. Treasury | U.S. Treasury |
| 01/15/2029 | &nbsp;&nbsp; 3.500% |  | 35805000 | &nbsp;&nbsp; 35914093 |
| 02/15/2029 | &nbsp;&nbsp; 3.500% |  | 44069700 | &nbsp;&nbsp; 44210861 |
| 01/31/2031 | &nbsp;&nbsp; 3.750% |  | 40156000 | &nbsp;&nbsp; 40570109 |
| 04/30/2032 | &nbsp;&nbsp; 4.000% |  | 209500 | &nbsp;&nbsp; 213526 |
| 11/15/2035 | &nbsp;&nbsp; 4.000% |  | 84760000 | &nbsp;&nbsp; 85064606 |
| 02/15/2036 | &nbsp;&nbsp; 4.125% |  | 94654800 | &nbsp;&nbsp; 95911934 |
| 05/15/2041 | &nbsp;&nbsp; 4.375% |  | 75000000 | &nbsp;&nbsp; 75058594 |
| 08/15/2041 | &nbsp;&nbsp; 1.750% |  | 40675000 | &nbsp;&nbsp; 28402590 |
| 11/15/2041 | &nbsp;&nbsp; 2.000% |  | 34415000 | &nbsp;&nbsp; 24837951 |
| 02/15/2042 | &nbsp;&nbsp; 2.375% |  | 28265000 | &nbsp;&nbsp; 21494649 |
| 05/15/2042 | &nbsp;&nbsp; 3.250% |  | 52060000 | &nbsp;&nbsp; 44755331 |
| 08/15/2042 | &nbsp;&nbsp; 3.375% |  | 30725000 | &nbsp;&nbsp; 26773957 |
| 11/15/2042 | &nbsp;&nbsp; 2.750% |  | 32165000 | &nbsp;&nbsp; 25525943 |
| 05/15/2043 | &nbsp;&nbsp; 3.875% |  | 19435000 | &nbsp;&nbsp; 17965228 |
| 08/15/2043 | &nbsp;&nbsp; 3.625% |  | 4995000 | &nbsp;&nbsp; 4450233 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 08/15/2043 | &nbsp;&nbsp; 4.375% | 29925000 | &nbsp;&nbsp; 29438719 |
| 11/15/2043 | &nbsp;&nbsp; 4.750% | 22835000 | &nbsp;&nbsp; 23509346 |
| 02/15/2044 | &nbsp;&nbsp; 3.625% | 16940000 | &nbsp;&nbsp; 15021016 |
| 02/15/2044 | &nbsp;&nbsp; 4.500% | 17335000 | &nbsp;&nbsp; 17283537 |
| 05/15/2044 | &nbsp;&nbsp; 4.625% | 52360000 | &nbsp;&nbsp; 52965412 |
| 08/15/2044 | &nbsp;&nbsp; 4.125% | 51145000 | &nbsp;&nbsp; 48435913 |
| 11/15/2044 | &nbsp;&nbsp; 4.625% | 31400000 | &nbsp;&nbsp; 31699281 |
| 02/15/2045 | &nbsp;&nbsp; 4.750% | 41411300 | &nbsp;&nbsp; 42453053 |
| 05/15/2045 | &nbsp;&nbsp; 5.000% | 43115000 | &nbsp;&nbsp; 45580639 |
| 08/15/2045 | &nbsp;&nbsp; 4.875% | 36600000 | &nbsp;&nbsp; 38075437 |
| 11/15/2045 | &nbsp;&nbsp; 4.625% | 36590000 | &nbsp;&nbsp; 36835839 |
| 08/15/2049 | &nbsp;&nbsp; 2.250% | 7360000 | &nbsp;&nbsp; 4802400 |
| 05/15/2050 | &nbsp;&nbsp; 1.250% | 6315000 | &nbsp;&nbsp; 3163420 |
| 11/15/2050 | &nbsp;&nbsp; 1.625% | 31720000 | &nbsp;&nbsp; 17406350 |
| 02/15/2051 | &nbsp;&nbsp; 1.875% | 14180000 | &nbsp;&nbsp; 8273144 |
| 05/15/2051 | &nbsp;&nbsp; 2.375% | 3715000 | &nbsp;&nbsp; 2439130 |
| 08/15/2051 | &nbsp;&nbsp; 2.000% | 5160000 | &nbsp;&nbsp; 3086325 |
| 05/15/2052 | &nbsp;&nbsp; 2.875% | 56595000 | &nbsp;&nbsp; 41119805 |
| 08/15/2052 | &nbsp;&nbsp; 3.000% | 28000000 | &nbsp;&nbsp; 20851250 |
| 08/15/2053 | &nbsp;&nbsp; 4.125% | 24920000 | &nbsp;&nbsp; 22864100 |
| 11/15/2053 | &nbsp;&nbsp; 4.750% | 8130000 | &nbsp;&nbsp; 8262112 |
| 02/15/2055 | &nbsp;&nbsp; 4.625% | 43881000 | &nbsp;&nbsp; 43771297 |
| 05/15/2055 | &nbsp;&nbsp; 4.750% | 25835000 | &nbsp;&nbsp; 26295186 |
| 08/15/2055 | &nbsp;&nbsp; 4.750% | 255000 | &nbsp;&nbsp; 259702 |
| 11/15/2055 | &nbsp;&nbsp; 4.625% | 13588600 | &nbsp;&nbsp; 13567368 |
| 02/15/2056 | &nbsp;&nbsp; 4.875% | 165849000 | &nbsp;&nbsp; 169010497 |
| U.S. Treasury<sup>(s)</sup>  | U.S. Treasury<sup>(s)</sup>  | U.S. Treasury<sup>(s)</sup>  | U.S. Treasury<sup>(s)</sup>  |
| 02/15/2046 | &nbsp;&nbsp; 4.625% | 136601800 | &nbsp;&nbsp; 137578289 |
| U.S. Treasury<sup>(j),(u)</sup>  | U.S. Treasury<sup>(j),(u)</sup>  | U.S. Treasury<sup>(j),(u)</sup>  | U.S. Treasury<sup>(j),(u)</sup>  |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 02/15/2041 | &nbsp;&nbsp; 0.000% | 8445000 | &nbsp;&nbsp; 4254362 |
| 05/15/2041 | &nbsp;&nbsp; 0.000% | 7485000 | &nbsp;&nbsp; 3719630 |
| 08/15/2042 | &nbsp;&nbsp; 0.000% | 23610000 | &nbsp;&nbsp; 10918615 |
| 05/15/2043 | &nbsp;&nbsp; 0.000% | 15945000 | &nbsp;&nbsp; 7060016 |
| 11/15/2043 | &nbsp;&nbsp; 0.000% | 8059000 | &nbsp;&nbsp; 3469017 |
| U.S. Treasury<sup>(j)</sup>  | U.S. Treasury<sup>(j)</sup>  | U.S. Treasury<sup>(j)</sup>  | U.S. Treasury<sup>(j)</sup>  |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 08/15/2041 | &nbsp;&nbsp; 0.000% | 6400000 | &nbsp;&nbsp; 3134031 |
| 11/15/2041 | &nbsp;&nbsp; 0.000% | 4710000 | &nbsp;&nbsp; 2274735 |
| 05/15/2042 | &nbsp;&nbsp; 0.000% | 5400000 | &nbsp;&nbsp; 2535262 |
| 11/15/2042 | &nbsp;&nbsp; 0.000% | 970000 | &nbsp;&nbsp; 442157 |
| 02/15/2043 | &nbsp;&nbsp; 0.000% | 895000 | &nbsp;&nbsp; 401939 |
| 08/15/2043 | &nbsp;&nbsp; 0.000% | 2110000 | &nbsp;&nbsp; 921281 |
| 02/15/2044 | &nbsp;&nbsp; 0.000% | 980000 | &nbsp;&nbsp; 415560 |
| 05/15/2044 | &nbsp;&nbsp; 0.000% | 2275000 | &nbsp;&nbsp; 952564 |

---

---

| | | | |
|:---|:---|:---|:---|
| **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** | **U.S. Treasury Obligations (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 08/15/2044 | &nbsp;&nbsp; 0.000% | 1255000 | &nbsp;&nbsp; 517462 |
| 02/15/2045 | &nbsp;&nbsp; 0.000% | 8770000 | &nbsp;&nbsp; 3607764 |
| 02/15/2045 | &nbsp;&nbsp; 0.000% | 695000 | &nbsp;&nbsp; 279200 |
| 11/15/2045 | &nbsp;&nbsp; 0.000% | 2120000 | &nbsp;&nbsp; 819221 |
| 05/15/2046 | &nbsp;&nbsp; 0.000% | 1775000 | &nbsp;&nbsp; 668737 |
| 08/15/2048 | &nbsp;&nbsp; 0.000% | 1910000 | &nbsp;&nbsp; 643485 |
| 02/15/2049 | &nbsp;&nbsp; 0.000% | 2000000 | &nbsp;&nbsp; 656666 |
| U.S. Treasury STRIPS<sup>(j)</sup>  | U.S. Treasury STRIPS<sup>(j)</sup>  | U.S. Treasury STRIPS<sup>(j)</sup>  | U.S. Treasury STRIPS<sup>(j)</sup>  |
| 02/15/2042 | &nbsp;&nbsp; 0.000% | 280000 | &nbsp;&nbsp; 133238 |
| Total U.S. Treasury Obligations <br>(Cost $2,052,420,866) | Total U.S. Treasury Obligations <br>(Cost $2,052,420,866) | Total U.S. Treasury Obligations <br>(Cost $2,052,420,866) | &nbsp;&nbsp; **2014959813** |

---

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

---

| | | |
|:---|:---|:---|
| **Warrants —%** | **Warrants —%** | **Warrants —%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Financials —%** | **Financials —%** | **Financials —%** |
| **Financial Services —%** | **Financial Services —%** | **Financial Services —%** |
| DSG TopCo, Inc.<sup>(h),(i)</sup> <br>06/30/2026<br>| &nbsp;&nbsp; 101455 | &nbsp;&nbsp; 0 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **0** |
| Total Warrants <br>(Cost $10) | Total Warrants <br>(Cost $10) | &nbsp;&nbsp; **0** |

---

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

---

| | |
|:---|:---|
| **Put Option Contracts Purchased 0.0%** | **Put Option Contracts Purchased 0.0%** |
|  | **Value ($)** |
| (Cost $499,286) | &nbsp;&nbsp; **27360** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 14.7%** | **Money Market Funds 14.7%** | **Money Market Funds 14.7%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, <br> 3.777%<sup>(v),(w)</sup> <br>| &nbsp;&nbsp; 1942010127 | &nbsp;&nbsp; 1941621725 |
| Total Money Market Funds <br>(Cost $1,941,440,114) | Total Money Market Funds <br>(Cost $1,941,440,114) | &nbsp;&nbsp; **1941621725** |
| **Total Investments in Securities** <br>**(Cost: $14,561,744,719)** | **Total Investments in Securities** <br>**(Cost: $14,561,744,719)** | &nbsp;&nbsp; **14494386958** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(1292565896)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **13201821062** |

---

At February 28, 2026, securities and/or cash totaling $70,738,471 were pledged as collateral.

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**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>|
| 101,060 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,826,905 MXN | Barclays | 03/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4916 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 2,014,735 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1,357,067 USD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (76544)<br>|
| 1,369,150 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1,628,382 USD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7961 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 572,409 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 673,743 USD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3716)<br>|
| 4,536,563 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 5,345,002 USD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (24128)<br>|
| 499,458 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 691,828 USD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 18670 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 779,840 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 1,049,882 USD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1167)<br>|
| 351,833 USD | &nbsp;&nbsp;&nbsp;&nbsp; 503,035 AUD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6108 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 2,888,669 USD | &nbsp;&nbsp;&nbsp;&nbsp; 2,471,580 EUR | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 36504 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 2,632,231 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1,758,713 USD | Goldman Sachs | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (114285)<br>|
| 33,707,654 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 22,625,656 USD | Goldman Sachs | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1359463)<br>|
| 431,502 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 513,219 USD | JPMorgan | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2526 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 2,245,455 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2,632,550 USD | JPMorgan | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (24999)<br>|
| 49,791,448 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 58,433,351 USD | JPMorgan | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (496006)<br>|
| 6,455,773 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 8,727,756 USD | JPMorgan | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 26823 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 269,456 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 367,855 USD | JPMorgan | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4688 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,302,907 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 1,743,236 USD | JPMorgan | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12791)<br>|
| 426,138 USD | &nbsp;&nbsp;&nbsp;&nbsp; 614,301 AUD | JPMorgan | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 10975 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 129 USD | &nbsp;&nbsp;&nbsp;&nbsp; 110 EUR | Morgan Stanley | 03/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,563,236 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,314,002 EUR | Morgan Stanley | 03/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9740)<br>|
| 2,628,004 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 3,087,315 USD | Standard Chartered | 03/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (19677)<br>|
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 119171 | &nbsp;&nbsp;&nbsp;&nbsp; (2142516)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| U.S. Long Bond | 982 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 116336313 | &nbsp;&nbsp;&nbsp;&nbsp; 1371743 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Long Bond | 231 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 27366281 | &nbsp;&nbsp;&nbsp;&nbsp; 194686 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | 2199 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 250273688 | &nbsp;&nbsp;&nbsp;&nbsp; 1403159 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | 1229 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 139875563 | &nbsp;&nbsp;&nbsp;&nbsp; 1130440 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 2-Year Note | 3981 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 833117557 | &nbsp;&nbsp;&nbsp;&nbsp; 1277179 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | 5269 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 580330953 | &nbsp;&nbsp;&nbsp;&nbsp; 2843226 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | 3138 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 345621281 | &nbsp;&nbsp;&nbsp;&nbsp; 1532268 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra 10-Year Note | 1496 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 174634625 | &nbsp;&nbsp;&nbsp;&nbsp; 1220026 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra 10-Year Note | 426 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 49728844 | &nbsp;&nbsp;&nbsp;&nbsp; 375559 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond | 2121 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 257900344 | &nbsp;&nbsp;&nbsp;&nbsp; 3582115 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond | 991 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 120499406 | &nbsp;&nbsp;&nbsp;&nbsp; 1364233 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 16294634 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| Australian 10-Year Bond | (342) | 03/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; (37815733)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (259546)<br>|
| Australian 3-Year Bond | (120) | 03/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; (12596018)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8760 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-Bobl | (145) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (17031700)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (210718)<br>|
| Euro-Bund | (153) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (19925190)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (283183)<br>|
| Euro-Buxl 30-Year | (26) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (2960360)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (68322)<br>|
| Euro-Schatz | (179) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (19158370)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (37722)<br>|
| Long Gilt | (42) | 06/2026 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; (3934560)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (78723)<br>|
| U.S. Long Bond | (81) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (9595969)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (115250)<br>|
| U.S. Treasury 2-Year Note | (24) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (5022563)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8455)<br>|
| U.S. Treasury Ultra 10-Year Note | (99) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (11556703)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (79232)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8760 | &nbsp;&nbsp;&nbsp;&nbsp; (1141151)<br>|

---

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

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| 2-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 172000000 | &nbsp;&nbsp; 172000000 | 4.00 | &nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp; 137600 | &nbsp;&nbsp; 619 |
| 5-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 71000000 | &nbsp;&nbsp; 71000000 | 4.22 | &nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp; 142000 | &nbsp;&nbsp; 107 |
| 5-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 66270000 | &nbsp;&nbsp; 66270000 | 4.11 | &nbsp;&nbsp; 04/30/2026 | &nbsp;&nbsp; 46390 | &nbsp;&nbsp; 3473 |
| 5-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 66270000 | &nbsp;&nbsp; 66270000 | 4.11 | &nbsp;&nbsp; 04/30/2026 | &nbsp;&nbsp; 39099 | &nbsp;&nbsp; 3473 |
| 5-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 66270000 | &nbsp;&nbsp; 66270000 | 4.11 | &nbsp;&nbsp; 05/27/2026 | &nbsp;&nbsp; 64613 | &nbsp;&nbsp; 9960 |
| 5-Year OTC interest rate swap with JPMorgan to <br> receive SOFR and pay exercise rate<br>| JPMorgan | USD | &nbsp;&nbsp; 66270000 | &nbsp;&nbsp; 66270000 | 4.12 | &nbsp;&nbsp; 05/27/2026 | &nbsp;&nbsp; 69584 | &nbsp;&nbsp; 9728 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 499286 | &nbsp;&nbsp; 27360 |

---

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

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** |
| **Fund receives** | **Fund pays** | **Payment** <br>**frequency**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Value** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| Fixed rate of <br> 4.750%<br>| SOFR | Receives Annually, Pays Annually | JPMorgan | 05/11/2026 | USD | 60000000 | 386296 |  |  | 386296 |  |
| SOFR | Fixed rate of <br> 4.663%<br>| Receives Annually, Pays Annually | JPMorgan | 05/17/2026 | USD | 164695000 | (1015725)<br>|  |  |  | (1015725)<br>|
| Fixed rate of <br> 4.497%<br>| SOFR | Receives Annually, Pays Annually | JPMorgan | 05/13/2027 | USD | 74475000 | 1213198 |  |  | 1213198 |  |
| SOFR | Fixed rate of <br> 4.253%<br>| Receives Annually, Pays Annually | JPMorgan | 05/13/2029 | USD | 46350000 | (1565971)<br>|  |  |  | (1565971)<br>|
| Fixed rate of <br> 4.004%<br>| SOFR | Receives Annually, Pays Annually | JPMorgan | 12/20/2044 | USD | 37895000 | 731436 |  |  | 731436 |  |
| Fixed rate of <br> 3.805%<br>| SOFR | Receives Annually, Pays Annually | JPMorgan | 12/16/2049 | USD | 25535000 | (389946)<br>|  |  |  | (389946)<br>|
| SOFR | Fixed rate of <br> 1.350%<br>| Receives Annually, Pays Annually | JPMorgan | 05/11/2054 | USD | 5710000 | 184428 |  |  | 184428 |  |
| SOFR | Fixed rate of <br> 3.136%<br>| Receives Annually, Pays Annually | JPMorgan | 12/14/2054 | USD | 33500000 | 724315 |  |  | 724315 |  |
| SOFR | Fixed rate of <br> 3.719%<br>| Receives Annually, Pays Annually | JPMorgan | 12/16/2054 | USD | 22610000 | 702848 |  |  | 702848 |  |
| SOFR | Fixed rate of <br> 3.825%<br>| Receives Annually, Pays Annually | JPMorgan | 12/20/2054 | USD | 28885000 | 390698 |  |  | 390698 |  |
| SOFR | Fixed rate of <br> 3.459%<br>| Receives Annually, Pays Annually | Morgan Stanley | 02/25/2027 | USD | 158500000 | (46178)<br>|  |  |  | (46178)<br>|
| SOFR | Fixed rate of <br> 3.299%<br>| Receives Annually, Pays Annually | Morgan Stanley | 02/24/2028 | USD | 130000000 | (220495)<br>|  |  |  | (220495)<br>|
| SOFR | Fixed rate of <br> 3.389%<br>| Receives Monthly, Pays Monthly | Morgan Stanley | 02/04/2029 | USD | 144000000 | (1073876)<br>|  |  |  | (1073876)<br>|
| SOFR | Fixed rate of <br> 3.366%<br>| Receives Annually, Pays Annually | Morgan Stanley | 02/23/2031 | USD | 100000000 | (616812)<br>|  |  |  | (616812)<br>|
| SOFR | Fixed rate of <br> 3.499%<br>| Receives Annually, Pays Annually | Morgan Stanley | 02/24/2033 | USD | 51000000 | (454316)<br>|  |  |  | (454316)<br>|
| SOFR | Fixed rate of <br> 3.607%<br>| Receives Annually, Pays Annually | Morgan Stanley | 02/25/2036 | USD | 8100000 | (48879)<br>|  |  |  | (48879)<br>|
| Total |  |  |  |  |  |  | (1098979)<br>|  |  | 4333219 | (5432198)<br>|

---

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

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Receive** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Implied** <br>**credit** <br>**spread** <br>**(%)\***<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount** <br>| **Value** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| CDX North America <br> Investment Grade Index, <br> Series 45<br>| JPMorgan | 12/20/2030 | 1.000 | Quarterly | 0.557 | USD | 269860000 | 102579 |  |  | 102579 |  |
| CDX North America High <br> Yield Index, Series 45<br>| Morgan Stanley | 12/20/2030 | 5.000 | Quarterly | 3.304 | USD | 34650000 | 251540 |  |  | 251540 |  |
| Total |  |  |  |  |  |  |  | 354119 |  |  | 354119 |  |

---

\* Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

---

| | | |
|:---|:---|:---|
| **Reference index and values for swap contracts as of period end** | **Reference index and values for swap contracts as of period end** | **Reference index and values for swap contracts as of period end** |
| **Reference index**  |  | **Reference rate** |
| SOFR | Secured Overnight Financing Rate | 3.670% |

---

**Notes to Portfolio of Investments** 

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

&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 $4,007,019,454, which represents 30.35% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Variable rate security. The interest rate shown was the current rate as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Represents a security purchased on a when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Represents interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Represents principal only securities which have the right to receive the principal portion only on an underlying pool of mortgage loans.

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

&nbsp;&nbsp;&nbsp;&nbsp;(i) Valuation based on significant unobservable inputs.

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

&nbsp;&nbsp;&nbsp;&nbsp;(k) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At February 28, 2026, the total value of these securities amounted to $48,166, which represents less than 0.01% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(l) 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 $38,680, which represents less than 0.01% 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 ($)** | **Value ($)** |
| Digicel Ltd. | 01/29/2024 | &nbsp;&nbsp; 3868 | &nbsp;&nbsp; 38680 | &nbsp;&nbsp; 38680 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(m) Perpetual security with no specified maturity date.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(q) Represents a variable rate security where the coupon adjusts periodically through an auction process.

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

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

&nbsp;&nbsp;&nbsp;&nbsp;(r) The stated interest rate represents the weighted average interest rate at February 28, 2026 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan.

&nbsp;&nbsp;&nbsp;&nbsp;(s) Represents a security purchased on a forward commitment basis.

&nbsp;&nbsp;&nbsp;&nbsp;(t) At February 28, 2026, the Fund had unfunded senior loan commitments pursuant to the terms of the loan agreement. The Fund receives a stated coupon rate until the borrower draws on the loan commitment, at which time the rate will become the stated rate in the loan agreement.

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

---

| | |
|:---|:---|
| **Borrower** | **Unfunded Commitment ($)** |
| First Eagle Holdings, Inc. <br>Delayed Draw Term Loan <br>08/16/2032 3.500%<br>| 83802<br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(u) This security or a portion of this security has been pledged as collateral in connection with investments sold short and/or derivative contracts.

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

&nbsp;&nbsp;&nbsp;&nbsp;(w) 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% |
|  | 1881749199 | &nbsp;&nbsp; 6127625107 | &nbsp;&nbsp; (6067936187)<br>| &nbsp;&nbsp; 183606 | &nbsp;&nbsp; 1941621725 | &nbsp;&nbsp; 49877 | &nbsp;&nbsp; 22783482 | &nbsp;&nbsp; 1942010127 |

---

**Abbreviation Legend** 

---

| | |
|:---|:---|
| BAM | Build America Mutual Assurance Co. |
| CMO | Collateralized Mortgage Obligation |
| CMT | Constant Maturity Treasury |
| EURIBOR | Euro Interbank Offered Rate |
| FHLMC | Federal Home Loan Mortgage Corporation |
| LIBOR | London Interbank Offered Rate |
| MTA | Monthly Treasury Average |
| SOFR | Secured Overnight Financing Rate |
| STRIPS | Separate Trading of Registered Interest and Principal Securities |
| TBA | To Be Announced |

---

**Currency Legend** 

---

| | |
|:---|:---|
| AUD | Australian Dollar |
| EUR | Euro |
| GBP | British Pound |
| 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 accompanying Notes to Financial Statements are an integral part of this statement.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

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** |  |  |  |  |
| Asset-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 1636414489 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1636414489 |
| Commercial Mortgage-Backed Securities - Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 45294962 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 45294962 |
| Commercial Mortgage-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 888453789 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 888453789 |
| Common Stocks |  |  |  |  |
| Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp; 1058971 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1058971 |
| Energy |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 18 |
| Financials |  | &nbsp;&nbsp;&nbsp;&nbsp; 22050 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22050 |
| Health Care |  | &nbsp;&nbsp;&nbsp;&nbsp; 1133968 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1133968 |
| Materials |  | &nbsp;&nbsp;&nbsp;&nbsp; 974171 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 974171 |
| Total Common Stocks |  | &nbsp;&nbsp;&nbsp;&nbsp; 3189160 | &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 3189178 |
| Convertible Bonds |  | &nbsp;&nbsp;&nbsp;&nbsp; 3052863 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3052863 |
| Convertible Preferred Stocks |  |  |  |  |
| Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 38680 | &nbsp;&nbsp;&nbsp;&nbsp; 38680 |
| Total Convertible Preferred Stocks |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 38680 | &nbsp;&nbsp;&nbsp;&nbsp; 38680 |
| Corporate Bonds & Notes |  | &nbsp;&nbsp;&nbsp;&nbsp; 3556785658 | &nbsp;&nbsp;&nbsp;&nbsp; 8188786 | &nbsp;&nbsp;&nbsp;&nbsp; 3564974444 |
| Foreign Government Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 225020315 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 225020315 |
| Municipal Bonds |  | &nbsp;&nbsp;&nbsp;&nbsp; 18532982 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18532982 |
| Residential Mortgage-Backed Securities - Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 3331832938 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3331832938 |
| Residential Mortgage-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 743134852 | &nbsp;&nbsp;&nbsp;&nbsp; 176691 | &nbsp;&nbsp;&nbsp;&nbsp; 743311543 |
| Senior Loans |  | &nbsp;&nbsp;&nbsp;&nbsp; 57589666 | &nbsp;&nbsp;&nbsp;&nbsp; 8148853 | &nbsp;&nbsp;&nbsp;&nbsp; 65738519 |
| Treasury Bills |  | &nbsp;&nbsp;&nbsp;&nbsp; 7055288 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7055288 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| U.S. Government & Agency Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 4868070 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4868070 |
| U.S. Treasury Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 2014959813 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2014959813 |
| Warrants |  |  |  |  |
| Financials |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>|
| Total Warrants |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>|
| Put Option Contracts Purchased |  | &nbsp;&nbsp;&nbsp;&nbsp; 27360 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27360 |
| Money Market Funds | 1941621725 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1941621725 |
| Total Investments in Securities | 1941621725 | &nbsp;&nbsp;&nbsp;&nbsp; 12536212205 | &nbsp;&nbsp;&nbsp;&nbsp; 16553028 | &nbsp;&nbsp;&nbsp;&nbsp; 14494386958 |
| **Investments in Derivatives** |  |  |  |  |
| Asset |  |  |  |  |
| Forward Foreign Currency Exchange Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; 119171 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 119171 |
| Futures Contracts | 16303394 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16303394 |
| Swap Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; 4687338 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4687338 |
| Liability |  |  |  |  |
| Forward Foreign Currency Exchange Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; (2142516)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2142516)<br>|
| Futures Contracts | (1141151)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1141151)<br>|
| Swap Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; (5432198)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5432198)<br>|
| Total | 1956783968 | &nbsp;&nbsp;&nbsp;&nbsp; 12533444000 | &nbsp;&nbsp;&nbsp;&nbsp; 16553028 | &nbsp;&nbsp;&nbsp;&nbsp; 14506780996 |

---

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

\* Rounds to zero.

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.

Forward foreign currency exchange contracts, futures contracts and swap contracts are valued at unrealized appreciation (depreciation).

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.

Multi-Manager Total Return Bond Strategies 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 $12,619,805,319) | $12552737873 |
| Affiliated issuers (cost $1,941,440,114) | 1941621725 |
| Option contracts purchased (cost $499,286) | 27360 |
| Foreign currency (cost $682,769) | 682772 |
| Cash collateral held at broker for: |  |
| TBA | 90160 |
| Other<sup>(a)</sup> <br>| 126000 |
| Margin deposits on: |  |
| Futures contracts | 31367533 |
| Swap contracts | 12750000 |
| Unrealized appreciation on forward foreign currency exchange contracts | 119171 |
| Receivable for: |  |
| Investments sold | 173714240 |
| Investments sold on a delayed delivery basis  | 82848987 |
| Capital shares sold | 50133133 |
| Dividends | 3545771 |
| Interest | 84423232 |
| Foreign tax reclaims | 174205 |
| Variation margin for futures contracts | 8914770 |
| Variation margin for swap contracts | 636087 |
| Prepaid expenses | 27808 |
| Deferred compensation of board members | 737260 |
| Other assets | 28297 |
| Total assets | 14944706384 |
| **Liabilities** |  |
| Due to custodian | 725926 |
| Unrealized depreciation on forward foreign currency exchange contracts | 2142516 |
| Cash collateral due to broker for: |  |
| TBA | 2595739 |
| Payable for: |  |
| Investments purchased | 171417134 |
| Investments purchased on a delayed delivery basis | 1502895986 |
| Capital shares redeemed | 13527967 |
| Distributions to shareholders | 45155597 |
| Variation margin for futures contracts | 471772 |
| Variation margin for swap contracts | 2295402 |
| Management services fees | 157099 |
| Transfer agent fees | 289759 |
| Compensation of chief compliance officer | 1068 |
| Compensation of board members | 13774 |
| Other expenses | 159931 |
| Deferred compensation of board members | 1035652 |
| Total liabilities | 1742885322 |
| **Net assets applicable to outstanding capital stock** | **$13201821062** |
| **Represented by** |  |
| Paid in capital | 14576511847 |
| Total distributable earnings (loss) | (1374690785)<br>|
| **Total - representing net assets applicable to outstanding capital stock** | **$13201821062** |
| **Institutional Class** |  |
| Net assets | $13201821062 |
| Shares outstanding | 1490240717 |
| Net asset value per share | $8.86 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Includes collateral related to option contracts purchased and forward foreign currency exchange contracts.

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

Multi-Manager Total Return Bond Strategies 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 | $22783482 |
| Interest | 291190113 |
| Interfund lending | 8506 |
| Total income | 313982101 |
| Expenses: |  |
| Management services fees | 28683928 |
| Transfer agent fees |  |
| Institutional Class | 2114755 |
| Custodian fees | 96463 |
| Printing and postage fees | 125672 |
| Registration fees | 83599 |
| Accounting services fees | 26980 |
| Legal fees | 111162 |
| Interest on collateral | 38379 |
| Compensation of chief compliance officer | 1067 |
| Compensation of board members | 73805 |
| Deferred compensation of board members | 45686 |
| Other | 84934 |
| Total expenses | 31486430 |
| **Net investment income** | 282495671 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 51084763 |
| Investments — affiliated issuers | 49877 |
| Foreign currency translations | 170597 |
| Forward foreign currency exchange contracts | 483064 |
| Futures contracts | 23982169 |
| Option contracts purchased | (400425)<br>|
| Swap contracts | (1343021)<br>|
| Net realized gain | 74027024 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 165436235 |
| Investments — affiliated issuers | 183606 |
| Foreign currency translations | (36531)<br>|
| Forward foreign currency exchange contracts | (2396805)<br>|
| Futures contracts | 10622009 |
| Option contracts purchased | (190747)<br>|
| Swap contracts | (1179611)<br>|
| Net change in unrealized appreciation (depreciation) | 172438156 |
| Net realized and unrealized gain | 246465180 |
| **Net increase in net assets resulting from operations** | **$528960851** |

---

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

Multi-Manager Total Return Bond Strategies 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 | $282495671 | &nbsp;&nbsp; $588791393 |
| Net realized gain (loss) | 74027024 | &nbsp;&nbsp; (197360215)<br>|
| Net change in unrealized appreciation (depreciation) | 172438156 | &nbsp;&nbsp; 45706924 |
| Net increase in net assets resulting from operations | 528960851 | &nbsp;&nbsp; 437138102 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Institutional Class | (295566408)<br>| &nbsp;&nbsp; (593351100)<br>|
| Total distributions to shareholders | (295566408)<br>| &nbsp;&nbsp; (593351100)<br>|
| Increase (decrease) in net assets from capital stock activity | (588940984)<br>| &nbsp;&nbsp; 364549694 |
| Total increase (decrease) in net assets | (355546541)<br>| &nbsp;&nbsp; 208336696 |
| Net assets at beginning of period | 13557367603 | &nbsp;&nbsp; 13349030907 |
| **Net assets at end of period** | **$13201821062** | &nbsp;&nbsp; **$13557367603** |

---

&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** |
| Institutional Class |  |  |  |  |
| Shares sold | 118715618 | &nbsp;&nbsp;&nbsp;&nbsp; 1044305070 | &nbsp;&nbsp;&nbsp;&nbsp; 389108383 | &nbsp;&nbsp;&nbsp;&nbsp; 3353783407 |
| Distributions reinvested | 33629393 | &nbsp;&nbsp;&nbsp;&nbsp; 295566408 | &nbsp;&nbsp;&nbsp;&nbsp; 68556157 | &nbsp;&nbsp;&nbsp;&nbsp; 593351100 |
| Shares redeemed | (219761893)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1928812462)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (416420878)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3582584813)<br>|
| Net increase (decrease) | (67416882)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (588940984)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 41243662 | &nbsp;&nbsp;&nbsp;&nbsp; 364549694 |
| **Total net increase (decrease)** | **(67416882)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(588940984)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **41243662** | &nbsp;&nbsp;&nbsp;&nbsp; **364549694** |

---

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

Multi-Manager Total Return Bond Strategies 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%.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Institutional Class** | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** |
| **Institutional Class** | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Per share data** |  |  |  |  |  |  |
| Net asset value, beginning of period | $8.70 | &nbsp;&nbsp;&nbsp; $8.80 | &nbsp;&nbsp;&nbsp; $8.52 | &nbsp;&nbsp;&nbsp; $8.94 | &nbsp;&nbsp;&nbsp; $10.46 | &nbsp;&nbsp;&nbsp; $10.76 |
| **Income (loss) from investment operations:** |  |  |  |  |  |  |
| Net investment income | 0.19 | &nbsp;&nbsp;&nbsp;&nbsp;0.38 | &nbsp;&nbsp;&nbsp;&nbsp;0.38 | &nbsp;&nbsp;&nbsp;&nbsp;0.34 | &nbsp;&nbsp;&nbsp;&nbsp;0.21 | &nbsp;&nbsp;&nbsp;&nbsp;0.19 |
| Net realized and unrealized gain (loss) | 0.17 | &nbsp;&nbsp;&nbsp; (0.09)<br>| &nbsp;&nbsp;&nbsp;&nbsp;0.29 | &nbsp;&nbsp;&nbsp; (0.42)<br>| &nbsp;&nbsp;&nbsp; (1.49)<br>| &nbsp;&nbsp;&nbsp; (0.05)<br>|
| Total from investment operations | 0.36 | &nbsp;&nbsp;&nbsp;&nbsp;0.29 | &nbsp;&nbsp;&nbsp;&nbsp;0.67 | &nbsp;&nbsp;&nbsp; (0.08)<br>| &nbsp;&nbsp;&nbsp; (1.28)<br>| &nbsp;&nbsp;&nbsp;&nbsp;0.14 |
| **Distributions to shareholders** |  |  |  |  |  |  |
| Distributions from net investment income | (0.20)<br>| &nbsp;&nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp;&nbsp; (0.34)<br>| &nbsp;&nbsp;&nbsp; (0.20)<br>| &nbsp;&nbsp;&nbsp; (0.20)<br>|
| Distributions from net realized gains |  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.04)<br>| &nbsp;&nbsp;&nbsp; (0.24)<br>|
| Total distributions to shareholders | (0.20)<br>| &nbsp;&nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp;&nbsp; (0.39)<br>| &nbsp;&nbsp;&nbsp; (0.34)<br>| &nbsp;&nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp;&nbsp; (0.44)<br>|
| Net asset value, end of period | $8.86 | &nbsp;&nbsp;&nbsp; $8.70 | &nbsp;&nbsp;&nbsp; $8.80 | &nbsp;&nbsp;&nbsp; $8.52 | &nbsp;&nbsp;&nbsp; $8.94 | &nbsp;&nbsp;&nbsp; $10.46 |
| Total return | 4.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.36<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.13<br> %<br>| &nbsp;&nbsp;&nbsp; (0.87<br> %)<br>| &nbsp;&nbsp;&nbsp; (12.40<br> %)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.36<br> %<br>|
| **Ratios to average net assets** |  |  |  |  |  |  |
| Total gross expenses<sup>(a)</sup> <br>| 0.48 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.48 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>(b),(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50 %<sup>(b)</sup><br>|
| Total net expenses<sup>(a),(d)</sup> <br>| 0.48 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.48 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>(b),(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>(b)</sup><br>|
| Net investment income  | 4.29<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.45<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.51<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.90<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.15<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.86<br> %<br>|
| **Supplemental data** |  |  |  |  |  |  |
| Net assets, end of period (in thousands) | $13201821 | &nbsp;&nbsp;&nbsp; $13557368 | &nbsp;&nbsp;&nbsp; $13349031 | &nbsp;&nbsp;&nbsp; $11318473 | &nbsp;&nbsp;&nbsp; $10648886 | &nbsp;&nbsp;&nbsp; $10863358 |
| Portfolio turnover | 115<br> %<br>| &nbsp;&nbsp;&nbsp; 225<br> %<br>| &nbsp;&nbsp;&nbsp; 236<br> %<br>| &nbsp;&nbsp;&nbsp; 290<br> %<br>| &nbsp;&nbsp;&nbsp; 284<br> %<br>| &nbsp;&nbsp;&nbsp; 232<br> %<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) | Ratios include interest on collateral expense which is less than 0.01%. |
| (c) | Ratios include interfund lending expense which is less than 0.01%. |
| (d) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.  |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Multi-Manager Total Return Bond Strategies Fund (the Fund), a series of Columbia Funds Series Trust I (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 is offered only through certain wrap fee programs sponsored and/or managed by Ameriprise Financial, Inc. (Ameriprise Financial) or its affiliates. The Fund offers the share class listed in the Statement of Assets and Liabilities which is not subject to any front-end sales charge or contingent deferred sales charge.

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.

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.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Asset- and mortgage-backed securities are generally valued by pricing services, which utilize pricing models that incorporate the securities' cash flow and loan performance data. These models also take into account available market data, including trades, market quotations, and benchmark yield curves for identical or similar securities. Factors used to identify similar securities may include, but are not limited to, issuer, collateral type, vintage, prepayment speeds, collateral performance, credit ratings, credit enhancement and expected life. Asset-backed securities for which quotations are readily available may also be valued based upon an over-the-counter or exchange 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.

Senior loan securities for which reliable market quotations are readily available are generally valued by pricing services at the average of the bids received.

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.

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

Futures and options on futures contracts are valued based upon the settlement price at the close of regular trading on their principal exchanges or, in the absence of a settlement price, at the mean of the latest quoted bid and ask prices.

Option contracts are valued at the mean of the latest quoted bid and ask prices on their primary exchanges. Option contracts, including over-the-counter option contracts, with no readily available market quotations are valued using mid-market evaluations from independent third-party vendors.

Swap transactions are valued through an independent pricing service or broker, or if neither is available, through an internal model based upon observable inputs.

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.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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 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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

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.

**Futures contracts**

Futures contracts are exchange-traded and represent commitments for the future purchase or sale of an asset at a specified price on a specified date. The Fund bought and sold futures contracts to manage its exposure to the securities markets or to movements in interest rates and currency values. A Fund invests in futures contracts as part of its primary

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

investment strategy and/or to equitize its cash flows. Investments in futures contracts may increase or decrease exposure to a particular market. These instruments may be used for other purposes in future periods. Upon entering into futures contracts, the Fund bears risks that it may not achieve the anticipated benefits of the futures contracts and may realize a loss. Additional risks include counterparty credit risk, the possibility of an illiquid market, and that a change in the value of the contract or option may not correlate with changes in the value of the underlying asset.

Upon entering into a futures contract, the Fund deposits cash or securities with the broker, known as a futures commission merchant (FCM), in an amount sufficient to meet the initial margin requirement. The initial margin deposit must be maintained at an established level over the life of the contract. Cash deposited as initial margin is recorded in the Statement of Assets and Liabilities as margin deposits. Securities deposited as initial margin are designated in the Portfolio of Investments. Subsequent payments (variation margin) are made or received by the Fund each day. The variation margin payments are equal to the daily change in the contract value and are recorded as variation margin receivable or payable and are offset in unrealized gains or losses. The Fund generally expects to earn interest income on its margin deposits. The Fund recognizes a realized gain or loss when the contract is closed or expires. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed in the Statement of Assets and Liabilities.

**Options contracts**

Options are contracts which entitle the holder to purchase or sell securities or other identified assets at a specified price, or in the case of index option contracts, to receive or pay the difference between the index value and the strike price of the index option contract. Option contracts can be either exchange-traded or over-the-counter. The Fund may use options that are written or purchased to enhance returns or to hedge an existing position or future investment. A Fund may write call and put options on securities and financial derivative instruments it owns or in which it may invest. Writing put options tends to increase a Fund's exposure to the underlying instrument. Writing call options tends to decrease a Fund's exposure to the underlying instrument. When a Fund writes a call or put, an amount equal to the premium received is recorded and subsequently marked to market to reflect the current value of the option written. These instruments may be used for other purposes in future periods. Completion of transactions for option contracts traded in the over-the-counter market depends upon the performance of the other party. Collateral may be collected or posted by the Fund to secure over-the-counter option contract trades. Collateral held or posted by the Fund for such option contract trades must be returned to the broker or the Fund upon closure, exercise or expiration of the contract.

Options contracts purchased are recorded as investments. When the Fund writes an options contract, the premium received is recorded as an asset and an amount equivalent to the premium is recorded as a liability in the Statement of Assets and Liabilities and is subsequently adjusted to reflect the current fair value of the option written. Changes in the fair value of the written option are recorded as unrealized appreciation or depreciation until the contract is exercised or has expired. The Fund realizes a gain or loss when the option contract is closed or expires. When option contracts are exercised, the proceeds on sales for a written call or purchased put option contract, or the purchase cost for a written put or purchased call option contract, is adjusted by the amount of premium received or paid.

For over-the-counter options purchased, the Fund bears the risk of loss of the amount of the premiums paid plus the positive change in market values net of any collateral held by the Fund should the counterparty fail to perform under the contracts. Option contracts written by the Fund do not typically give rise to significant counterparty credit risk, as options written generally obligate the Fund and not the counterparty to perform. The risk in writing a call option contract is that the Fund gives up the opportunity for profit if the market price of the security increases above the strike price and the option contract is exercised. The risk in writing a put option contract is that the Fund may incur a loss if the market price of the security decreases below the strike price and the option contract is exercised. Exercise of a written option could result in the Fund purchasing or selling a security or foreign currency when it otherwise would not, or at a price different from the current market value. In purchasing and writing options, the Fund bears the risk of an unfavorable change in the value of the underlying instrument or the risk that the Fund may not be able to enter into a closing transaction due to an illiquid market.

**Interest rate swaption contracts** 

Interest rate swaption contracts entered into by the Fund typically represent an option that gives the purchaser the right, but not the obligation, to enter into an interest rate swap contract on a future date. Each interest rate swaption contract will specify if the buyer is entitled to receive the fixed or floating rate if the option is exercised. Changes in the value of purchased

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

interest rate swaption contracts are reported as unrealized appreciation or depreciation on options in the Statement of Assets and Liabilities. Gain or loss is recognized in the Statement of Operations when the interest rate swaption contract is closed or expires.

When the Fund writes an interest rate swaption contract, the premium received is recorded as an asset and an amount equivalent to the premium is recorded as a liability in the Statement of Assets and Liabilities and is subsequently adjusted to reflect the current fair value of the interest rate swaption contract written. Premiums received from writing interest rate swaption contracts that expire unexercised are recorded by the Fund on the expiration date as realized gains from options written in the Statement of Operations. The difference between the premium and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is also recorded as realized gain, or if the premium is less than the amount paid for the closing purchase, as realized loss. These amounts are reflected as net realized gain (loss) on options written in the Statement of Operations.

**Swap contracts**

Swap contracts are negotiated in the over-the-counter market and are entered into bilaterally or centrally cleared (centrally cleared swap contract). In a centrally cleared swap contract, immediately following execution of the swap contract with a broker, the swap contract is novated to a central counterparty and the central counterparty becomes the Fund's counterparty to the centrally cleared swap contract. The Fund is required to deposit initial margin with the futures commission merchant (FCM), which pledges it through to the central counterparty in the form of cash or securities in an amount that varies depending on the size and risk profile of the particular swap contract. Securities deposited as initial margin are designated in the Portfolio of Investments and cash deposited is recorded in the Statement of Assets and Liabilities as margin deposits. For a bilateral swap contract, the Fund has credit exposure to the broker, but exchanges daily variation margin with the broker based on the marked-to-market value of the swap contract to minimize that exposure. For centrally cleared swap contracts, there is less credit exposure to the FCM than in the case of an over-the-counter derivative, because the central counterparty provides some protection in the case of clearing member default. The central counterparty stands between the buyer and the seller of the swap contract; therefore, failure of the clearinghouse may pose additional counterparty credit risk. However, credit risk still exists in centrally cleared swaps to the extent initial and variation margin is held in an FCM's customer account. While FCMs are required to segregate customer margin from their own assets, in the event that an FCM becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the FCM for all its clients, U.S. bankruptcy laws will typically allocate that shortfall on a pro-rata basis across all of the FCM's customers (including the Fund) by account class, potentially resulting in losses to the Fund. Swap contracts are marked-to-market daily and changes in value are recorded as unrealized appreciation (depreciation). The daily change in valuation of centrally cleared swap contracts, if any, is recorded as a receivable or payable for variation margin in the Statement of Assets and Liabilities.

Entering into these contracts involves, to varying degrees, elements of interest, liquidity and counterparty credit risk in excess of the amounts recognized in the Statement of Assets and Liabilities. Such risks involve the possibility that there may be unfavorable changes in interest rates, market conditions or other conditions, that it may be difficult to initiate a swap transaction or liquidate a position at an advantageous time or price which may result in significant losses, and that the bilateral counterparty, FCM or central counterparty, as applicable, may not fulfill its obligation under the contract.

**Credit default swap contracts**

The Fund entered into credit default swap contracts to hedge or manage the risks associated with assets held in the Fund and/or to facilitate the implementation of portfolio strategies to seek to increase the total return. These swaps are entered into to provide a measure of protection against defaults of the issuers (i.e., to reduce risk where a Fund owns or has exposure to the referenced obligation) or to take an active long or short position with respect to the likelihood of a particular issuer's default. These instruments may be used for other purposes in future periods. Credit default swap contracts are transactions in which one party pays fixed periodic payments to a counterparty in consideration for an agreement from the counterparty to make a specific payment should a specified credit event(s) take place. Although specified credit events are contract specific, credit events are typically bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

As the purchaser of a credit default swap contract, the Fund purchases protection by paying a periodic interest rate on the notional amount to the counterparty. The interest amount is accrued daily as a component of unrealized appreciation (depreciation) and is recorded as a realized loss upon payment. If a credit event as specified in the contract occurs, the Fund may have the option either to deliver the reference obligation to the seller in exchange for a cash payment of its par amount, or to receive a net cash settlement equal to the par amount less an agreed-upon value of the reference obligation as of the date of the credit event. The difference between the value of the obligation or cash delivered and the notional amount received will be recorded as a realized gain (loss).

As the seller of a credit default swap contract, the Fund sells protection to a buyer and will generally receive a periodic interest rate on a notional amount. The interest amount is accrued daily as a component of unrealized appreciation (depreciation) and is recorded as a realized gain upon receipt of the payment. If a credit event as specified in the contract with the counterparty occurs, the Fund may either be required to accept the reference obligation from the buyer in exchange for a cash payment of its notional amount, or to pay the buyer a net cash settlement equal to the notional amount less an agreed-upon value of the reference obligation (recovery value) as of the date of the credit event. The difference between the value of the obligation or cash received and the notional amount paid will be recorded as a realized gain (loss). The maximum potential amount of undiscounted future payments the Fund could be required to make as the seller of protection under a credit default swap contract is equal to the notional amount of the reference obligation. These potential amounts may be partially offset by any recovery values of the respective reference obligations or upfront receipts upon entering into the agreement. The notional amounts and market values of all credit default swap contracts in which the Fund is the seller of protection, if any, are disclosed in the Credit Default Swap Contracts Outstanding schedule following the Portfolio of Investments.

As a protection seller, the Fund bears the risk of loss from the credit events specified in the contract with the counterparty. For credit default swap contracts on credit indices, quoted market prices and resulting market values serve as an indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract.

Any upfront payment or receipt by the Fund upon entering into a credit default swap contract is recorded as an asset or liability, respectively, and amortized daily as a component of realized gain (loss) in the Statement of Operations. Credit default swap contracts are valued daily, and the change in value is recorded as unrealized appreciation (depreciation) until the termination of the swap, at which time a realized gain (loss) is recorded.

Credit default swap contracts can involve greater risks than if a fund had invested in the reference obligation directly since, in addition to general market risks, credit default swaps are subject to other risks including counterparty credit risk, leverage risk, hedging risk, correlation risk and liquidity risk.

**Interest rate and inflation rate swap contracts**

The Fund entered into interest rate swap transactions or inflation rate swap contracts (together, rate swaps) to help hedge against interest rate risk exposure and to maintain the Fund's ability to generate income at prevailing market rates. The value of the fixed rate bonds that the Fund holds may decrease if interest rates rise. To help hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap agreements. These instruments may be used for other purposes in future periods. A rate swap is an agreement between two parties where there are two flows and payments are made between the two counterparties and the payments are dependent upon changes in an interest rate, inflation rate or inflation index calculated on a notional amount. Certain rate swaps are considered forward-starting, whereby the accrual for the exchange of cash flows does not begin until a specified date in the future. The net cash flow for a standard rate swap is generally the difference between a floating market interest rate or floating rate linked to an inflation index versus a fixed interest rate as applied to the notional amount.

Rate swaps are valued daily and unrealized appreciation (depreciation) is recorded. Certain rate swaps may accrue periodic interest on a daily basis as a component of unrealized appreciation (depreciation); the Fund will realize a gain or loss upon the payment or receipt of accrued interest. The Fund will realize a gain or a loss when the rate swap is terminated.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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:

---

| | | |
|:---|:---|:---|
|  | **Asset derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Credit risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 354,119<br> \*<br>|
| Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp; 119171 |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 16,303,394<br> \*<br>|
| Interest rate risk | Investments, at value — Option contracts purchased | &nbsp;&nbsp;&nbsp;&nbsp; 27360 |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 4,333,219<br> \*<br>|
| Total |  | &nbsp;&nbsp;&nbsp;&nbsp; 21137263 |

---

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

---

| | | |
|:---|:---|:---|
|  | **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; 2142516 |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 1,141,151<br> \*<br>|
| Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 5,432,198<br> \*<br>|
| Total |  | &nbsp;&nbsp;&nbsp;&nbsp; 8715865 |

---

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

\* Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day's variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of Assets and Liabilities.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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** | **Amount of realized gain (loss) on derivatives recognized in income** | **Amount of realized gain (loss) on derivatives recognized in income** | **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>**($)**<br>| &nbsp;&nbsp;&nbsp; **Futures** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Option** <br>**contracts** <br>**purchased** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Swap** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**($)**<br>|
| Credit risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (883111)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (883111)<br>|
| Foreign exchange risk | &nbsp;&nbsp; 483064 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 483064 |
| Interest rate risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23982169 | &nbsp;&nbsp;&nbsp;&nbsp; (400425)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (459910)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23121834 |
| Total | &nbsp;&nbsp; 483064 | &nbsp;&nbsp;&nbsp;&nbsp; 23982169 | &nbsp;&nbsp;&nbsp;&nbsp; (400425)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1343021)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 22721787 |
| **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** |
| **Risk exposure category** | **Forward** <br>**foreign** <br>**currency** <br>**exchange** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Futures** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Option** <br>**contracts** <br>**purchased** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Swap** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**($)**<br>|
| Credit risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 764349 | &nbsp;&nbsp;&nbsp;&nbsp; 764349 |
| Foreign exchange risk | &nbsp;&nbsp; (2396805)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2396805)<br>|
| Interest rate risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10622009 | &nbsp;&nbsp;&nbsp;&nbsp; (190747)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1943960)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8487302 |
| Total | &nbsp;&nbsp; (2396805)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10622009 | &nbsp;&nbsp;&nbsp;&nbsp; (190747)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1179611)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6854846 |

---

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 notional** <br>**amounts ($)**<br>|
| Futures contracts — long | 2649140979 |
| Futures contracts — short | 197457412 |
| Credit default swap contracts — buy protection | 2483286 |
| Credit default swap contracts — sell protection | 75902225 |

---

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

---

| | |
|:---|:---|
| **Derivative instrument** | **Average** <br>**value ($)**<br>|
| Option contracts purchased | 130030 |

---

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

---

| | | |
|:---|:---|:---|
| **Derivative instrument** | **Average unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Average unrealized** <br>**depreciation ($)**<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; 531575 | &nbsp;&nbsp;&nbsp;&nbsp; (602031)<br>|
| Interest rate swap contracts | &nbsp;&nbsp; 4993701 | &nbsp;&nbsp;&nbsp;&nbsp; (3845633)<br>|

---

**Investments in senior loans** 

The Fund may invest in senior loan assignments. When the Fund purchases an assignment of a senior loan, the Fund typically has direct rights against the borrower; provided, however, that the Fund's rights may be more limited than the lender from which it acquired the assignment and the Fund may be able to enforce its rights only through an administrative agent. Although certain senior loan assignments are secured by collateral, the Fund could experience delays or limitations in realizing such collateral or have its interest subordinated to other indebtedness of the obligor. In the event that the administrator or collateral agent of a loan becomes insolvent or enters into receivership or bankruptcy, the Fund may incur costs and delays in realizing payment or may suffer a loss of principal and/or interest. The risk of loss is greater for

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

unsecured or subordinated loans. In addition, senior loan assignments are vulnerable to market, economic or other conditions or events that may reduce the demand for senior loan assignments and certain senior loan assignments which were liquid when purchased, may become illiquid.

The Fund may enter into senior loan assignments where all or a portion of the loan may be unfunded. The Fund is obligated to fund these commitments at the borrower's discretion. These commitments, if any, are generally traded and priced in the same manner as other senior loan securities and are disclosed as unfunded senior loan commitments in the Fund's Portfolio of Investments with a corresponding payable for investments purchased on a delayed delivery basis. The Fund designates cash or liquid securities to cover these commitments.

**Asset- and mortgage-backed securities** 

The Fund may invest in asset-backed and mortgage-backed securities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. All, or a portion, of the obligation may be prepaid at any time because the underlying asset may be prepaid. As a result, decreasing market interest rates could result in an increased level of prepayment. An increased prepayment rate will have the effect of shortening the maturity of the security. Unless otherwise noted, the coupon rates presented are fixed rates.

**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.

**To be announced securities** 

The Fund may trade securities on a To Be Announced (TBA) basis. As with other delayed-delivery transactions, a seller agrees to issue a TBA security at a future date. However, the seller does not specify the particular securities to be delivered. Instead, the Fund agrees to accept any security that meets specified terms.

In some cases, Master Securities Forward Transaction Agreements (MSFTAs) may be used to govern transactions of certain forward-settling agency mortgage-backed securities, such as delayed-delivery and TBAs, between the Fund and counterparty. The MSFTA maintains provisions for, among other things, initiation and confirmation, payment and transfer, events of default, termination, and maintenance of collateral relating to such transactions.

**Mortgage dollar roll transactions**

The Fund may enter into mortgage "dollar rolls" in which the Fund sells securities for delivery in the current month and simultaneously contracts with the same counterparty to repurchase similar but not identical securities (same type, coupon and maturity) on a specified future date. These transactions may increase the Fund's portfolio turnover rate. During the roll period, the Fund loses the right to receive principal and interest paid on the securities sold. However, the Fund may benefit because it receives negotiated amounts in the form of reductions of the purchase price for the future purchase plus the interest earned on the cash proceeds of the securities sold until the settlement date of the forward purchase. The Fund records the incremental difference between the forward purchase and sale of each forward roll as a realized gain or loss. Unless any realized gains exceed the income, capital appreciation, and gain or loss due to mortgage prepayments that would have been realized on the securities sold as part of the mortgage dollar roll, the use of this technique may diminish the investment performance of the Fund compared to what the performance would have been without the use of mortgage dollar rolls. Mortgage dollar rolls involve the risk that the market value of the securities the Fund is obligated to repurchase may decline below the repurchase price, or that the counterparty may default on its obligations. All cash proceeds will be invested in instruments that are permissible investments for the Fund. The Fund identifies cash or liquid securities in an amount equal to the forward purchase price. The Fund does not currently enter into mortgage dollar rolls that are accounted for as financing transactions.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Interest only and principal only securities** 

The Fund may invest in Interest Only (IO) or Principal Only (PO) securities. IOs are stripped securities entitled to receive all of the security's interest, but none of its principal. IOs are particularly sensitive to changes in interest rates and therefore subject to greater fluctuations in price than typical interest bearing debt securities. IOs are also subject to credit risk because the Fund may not receive all or part of the interest payments if the issuer, obligor, guarantor or counterparty defaults on its obligation. Payments received for IOs are included in interest income in the Statement of Operations. Because no principal will be received at the maturity of an IO, adjustments are made to the cost of the security on a monthly basis until maturity. These adjustments are included in interest income in the Statement of Operations. POs are stripped securities entitled to receive the principal from the underlying obligation, but not the interest. POs are particularly sensitive to changes in interest rates and therefore are subject to fluctuations in price. POs are also subject to credit risk because the Fund may not receive all or part of its principal if the issuer, obligor, guarantor or counterparty defaults on its obligation. The Fund may also invest in IO or PO stripped mortgage-backed securities. Payments received for POs are treated as reductions to the cost and par value of the securities.

**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:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Barclays** | **Citi** | **Goldman** <br>**Sachs**<br>| **JPMorgan**<sup>(a)</sup> <br>| **JPMorgan**<sup>(a)</sup> <br>| **Morgan** <br>**Stanley**<sup>(a)</sup> <br>| **Morgan** <br>**Stanley**<sup>(a)</sup> <br>| **Standard** <br>**Chartered**<br>| **Total** |
| **Assets** |  |  |  |  |  |  |  |  |  |
| Centrally cleared interest rate swap <br> contracts<sup>(b)</sup> <br>| $&nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 636087<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 636087<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; 4916<br>| &nbsp;&nbsp; 69243<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 45012<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 119171<br>|
| Put option contracts purchased | &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 27360<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 27360<br>|
| Total assets | &nbsp;&nbsp; 4916<br>| &nbsp;&nbsp; 69243<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 636087<br>| &nbsp;&nbsp; 72372<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 782618<br>|
| **Liabilities** |  |  |  |  |  |  |  |  |  |
| Centrally cleared credit default swap <br> contracts<sup>(b)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 232277<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 150574<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 382851<br>|
| Centrally cleared interest rate swap <br> contracts<sup>(b)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 719894<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 1192657<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 1912551<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 105555<br>| &nbsp;&nbsp; 1473748<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 533796<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 9740<br>| &nbsp;&nbsp; 19677<br>| &nbsp;&nbsp; 2142516<br>|
| Total liabilities | &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 105555<br>| &nbsp;&nbsp; 1473748<br>| &nbsp;&nbsp; 952171<br>| &nbsp;&nbsp; 533796<br>| &nbsp;&nbsp; 1343231<br>| &nbsp;&nbsp; 9740<br>| &nbsp;&nbsp; 19677<br>| &nbsp;&nbsp; 4437918<br>|
| **Total financial and derivative net assets** | &nbsp;&nbsp; **4916**<br>| &nbsp;&nbsp; **(36312)**<br>| &nbsp;&nbsp; **(1473748)**<br>| &nbsp;&nbsp; **(316084)**<br>| &nbsp;&nbsp; **(461424)**<br>| &nbsp;&nbsp; **(1343231)**<br>| &nbsp;&nbsp; **(9740)**<br>| &nbsp;&nbsp; **(19677)**<br>| &nbsp;&nbsp; **(3655300)**<br>|
| Total collateral received (pledged)<sup>(c)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; (316084)<br>| &nbsp;&nbsp; (126000)<br>| &nbsp;&nbsp; (1343231)<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; (1785315)<br>|
| **Net amount**<sup>(d)</sup> <br>| $&nbsp;&nbsp; **4916**<br>| &nbsp;&nbsp; **(36312)**<br>| &nbsp;&nbsp; **(1473748)**<br>| &nbsp;&nbsp; **-**<br>| &nbsp;&nbsp; **(335424)**<br>| &nbsp;&nbsp; **-**<br>| &nbsp;&nbsp; **(9740)**<br>| &nbsp;&nbsp; **(19677)**<br>| &nbsp;&nbsp; **(1869985)**<br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Exposure can only be netted across transactions governed under the same master agreement with the same legal entity.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Centrally cleared swaps are included within payable/receivable for variation margin in the Statement of Assets and Liabilities.

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) 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.

The trade date for senior loans purchased in the primary market is the date on which the loan is allocated. The trade date for senior loans purchased in the secondary market is the date on which the transaction is entered into.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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 classifies gains and losses realized on prepayments received on mortgage-backed securities as adjustments to interest income. 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.

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.

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.

The Fund may receive other income from senior loans, including amendment fees, consent fees and commitment fees. These fees are recorded as income when received by the Fund. These amounts are included in Interest Income in the Statement of Operations.

**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.

Multi-Manager Total Return Bond Strategies 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 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 Investment Manager is responsible for the ultimate oversight of investments made by the Fund. The Fund's subadvisers (see Subadvisory agreements below) have 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 0.50% to 0.34% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.44% of the Fund's average daily net assets.

**Subadvisory agreements**

The Investment Manager has entered into Subadvisory Agreements with Loomis, Sayles & Company, L.P., PGIM, Inc., the asset management arm of Prudential Financial (PGIM Fixed Income), TCW Investment Management Company LLC and Voya Investment Management Co. LLC, each of which subadvises a portion of the assets of the Fund. New investments in the Fund, net of any redemptions, are allocated in accordance with the Investment Manager's determination. Each subadviser's proportionate share of investments in the Fund may also vary due to market fluctuations. The Investment Manager compensates each subadviser 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

Multi-Manager Total Return Bond Strategies 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 rate as a percentage of average daily net assets was as follows:

---

| | |
|:---|:---|
|  | **Effective rate (%)** |
| Institutional Class | 0.03 |

---

**Distribution and service fees**

The Fund has 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 Fund does not pay the Distributor a fee for the distribution services it provides to the Fund.

**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>|
| 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;0.49 |

---

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

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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) ($)**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net unrealized** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(depreciation) ($)**<br>|
| 14561745000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237563000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (292527000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (54964000)<br>|

---

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 ($)** |
| (634403818)<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; (721459777)<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; (1355863595)<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 $14,636,526,521 and $15,336,012,346, respectively, for the six months ended February 28, 2026, of which $11,244,437,534 and $13,041,573,814, respectively, were U.S. government securities. 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.

Multi-Manager Total Return Bond Strategies 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>|
| Lender | 13060000 | &nbsp;&nbsp;&nbsp;&nbsp;4.67 | &nbsp;&nbsp;&nbsp;&nbsp; 5 |

---

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.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 100.0% 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 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.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Approval of Subadvisory Agreement

(Unaudited)

Columbia Management Investment Advisers, LLC (the Investment Manager, and together with its domestic and global affiliates, Columbia Threadneedle Investments), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial), serves as the investment manager to Multi-Manager Total Return Bond Strategies Fund (the Fund). Under a management agreement (the Management Agreement), the Investment Manager provides investment advice and other services to the Fund and other funds distributed by Columbia Management Investment Distributors, Inc. (collectively, the Funds). In addition, under a Subadvisory Agreement (the Existing TCW Subadvisory Agreement) between the Investment Manager and TCW Investment Management Company LLC (TCW or the Subadviser), the Subadviser provides portfolio management and related services for the Fund. At their meeting on December 9, 2025, the Fund's Board of Trustees (the Board), including the independent Board members (the Independent Trustees), approved an amended and restated Subadvisory Agreement (the Amended and Restated Subadvisory Agreement) for the purpose of combining separate existing subadvisory agreements between the Investment Manager and the Subadviser (the Existing TCW Subadvisory Agreements) with respect to certain Funds subadvised by the Subadviser, including the Fund (the TCW Funds). The Independent Trustees considered that the assets of the TCW Funds would be combined under the Amended and Restated Subadvisory Agreement for purposes of calculating each TCW Fund's subadvisory fee.

The Independent Trustees considered the differences between the Amended and Restated Subadvisory Agreement and the Existing TCW Subadvisory Agreement. The Independent Trustees considered that the Investment Manager had confirmed that the nature and level of the services to be provided under the Amended and Restated Subadvisory Agreement would not decrease relative to the services provided under the Existing TCW Subadvisory Agreement. The Independent Trustees also reviewed the subadvisory fees paid for each of the TCW Funds and the expected impact of the Investment Manager's proposal on such fees. The Independent Trustees noted that no management fees were proposed to change and that the level of services provided by each of the Investment Manager and the Subadviser was also not proposed to change. The Independent Trustees also noted that the Board, as part of the 2026 15(c) process, would continue to review the continued reasonableness of the Fund's management fees.

The Independent Trustees noted the discussion relating to the renewal and approval of the advisory and subadvisory agreements for the Fund at the June 2025 Contracts Committee meeting and Board meetings and, in that connection, the discussion by independent legal counsel to the Independent Trustees (Independent Legal Counsel) of the Board's responsibilities pursuant to Sections 15(c) and 36(b) of the 1940 Act and the factors that should be considered in determining whether to approve or renew an investment management agreement. Independent Legal Counsel indicated that the Independent Trustees should apply these factors in considering the Amended and Restated Subadvisory Agreement.

Independent Legal Counsel further indicated that the Independent Trustees should take into account the variety of written materials and oral presentations they received at the December 9, 2025 meeting, as well as the information previously considered regarding the proposed 15(c) renewal of the Fund's existing advisory and subadvisory agreements.

After considering the factors described above relating to the Amended and Restated Subadvisory Agreement, and taking into account all of the factors considered, as described below, as part of the approval of the continuance of the fund's Existing TCW Subadvisory Agreement in June 2025, the Board, including all of the Independent Trustees, approved the Amended and Restated Subadvisory Agreement.

General conclusions in connection with the Trustees' previous approval of the continuance of the fund's existing advisory agreements

On an annual basis, the Board, including the Independent Trustees, considers renewal of the Management Agreement and the subadvisory agreements (the Existing Subadvisory Agreements) between the Investment Manager and each of Loomis, Sayles & Company, L.P., PGIM, Inc., TCW and Voya Investment Management Co. LLC (collectively, the Subadvisers). The Investment Manager prepared detailed reports for the Board and its Contracts Committee (including its Contracts Subcommittee) in March, April and June 2025, including reports providing the results of analyses performed by a third-party data provider, Broadridge Financial Solutions, Inc. (Broadridge), and comprehensive responses by the Investment Manager to written requests for information by Independent Legal Counsel, to assist the Board in making this determination. In addition, throughout the year, the Board (or its committees or subcommittees) regularly meets with portfolio management teams and senior management personnel and reviews information prepared by the Investment Manager addressing the services the Investment Manager provides and Fund performance. The Board also accords appropriate weight to the work,

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Approval of Subadvisory Agreement (continued)

(Unaudited)

deliberations and conclusions of the various committees (including their subcommittees), such as the Contracts Committee, the Investment Review Committee, the Audit Committee and the Compliance Committee in determining whether to continue the Management Agreement and the Existing Subadvisory Agreements (collectively, the Advisory Agreements).

The Board, at its June 26, 2025 Board meeting (the June Meeting), considered the renewal of each of the Advisory Agreements for additional one-year terms. At the June Meeting, Independent Legal Counsel reviewed with the Independent Trustees various factors relevant to the Board's consideration of advisory and subadvisory agreements and the Board's legal responsibilities related to such consideration. The Independent Trustees considered such information as they, their legal counsel or the Investment Manager believed reasonably necessary to evaluate and to approve the continuation of each of the Advisory Agreements. Among other things, the information and factors considered included the following:

• Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge, as well as performance relative to one or more benchmarks;

• Information on the Fund's management fees and total expenses, including information comparing the Fund's expenses to those of a group of comparable mutual funds, as determined by Broadridge;

• The Investment Manager's agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund's net assets;

• Terms of the Advisory Agreements;

• Subadvisory fees payable by the Investment Manager under the Existing Subadvisory Agreements;

• Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund;

• Descriptions of various services performed by the Investment Manager and the Subadvisers under the Advisory Agreements, including portfolio management and portfolio trading practices;

• Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager;

• Information regarding the resources of the Investment Manager and Subadvisers, including information regarding senior management, portfolio managers and other personnel;

• Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services;

• The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and

• Report provided by the Board's independent fee consultant, JDL Consultants, LLC (JDL).

Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of each of the Advisory Agreements.

Nature, extent and quality of services provided by the Investment Manager and the Subadvisers

The Board analyzed various reports and presentations it had received detailing the services performed by the Investment Manager and the Subadvisers, as well as their history, expertise, resources and relative capabilities, and the qualifications of their personnel.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Approval of Subadvisory Agreement (continued)

(Unaudited)

The Board specifically considered the many developments during recent years concerning the services provided by the Investment Manager, including, in particular, detailed information regarding the process employed for selecting and overseeing affiliated and unaffiliated subadvisers. With respect to the Investment Manager, the Board also noted the organization and depth of the equity and credit research departments. The Board further observed the enhancements to the investment risk management department's processes, systems and oversight over the past several years. The Board also took into account the broad scope of services provided by the Investment Manager to each subadvised Fund, including, among other services, investment, risk and compliance oversight. The Board also took into account the information it received concerning the Investment Manager's ability to attract and retain key portfolio management personnel and that it has sufficient resources to provide competitive and adequate compensation to investment personnel.

In connection with the Board's evaluation of the overall package of services provided by the Investment Manager, the Board also considered the nature, quality and range of administrative services provided to the Fund by the Investment Manager, as well as the achievements in 2024 in the performance of administrative services, and noted the various enhancements anticipated for 2025. In evaluating the quality of services provided under the Advisory Agreements, the Board also took into account the organization and strength of the Fund's and its service providers' compliance programs. The Board also reviewed the financial condition of the Investment Manager and its affiliates and each entity's ability to carry out its responsibilities under the Management Agreement and the Fund's other service agreements.

In addition, the Board discussed the acceptability of the terms of the Management Agreement (including the relatively broad scope of services required to be performed by the Investment Manager in addition to monitoring each Subadviser), noting that no changes were proposed from the forms of agreements previously approved. The Board also noted the wide array of legal and compliance services provided to the Fund under the Management Agreement.

The Board considered each Subadviser's organizational strength and resources, portfolio management team depth and capabilities and investment process. The Board also considered each Subadviser's capability and wherewithal to carry out its responsibilities under the applicable Subadvisory Agreement. In addition, the Board discussed the acceptability of the terms of the Existing Subadvisory Agreements, including the scope of services required to be performed. The Board noted that the terms of the Existing Subadvisory Agreements are generally consistent with the terms of other subadvisory agreements for subadvisers who manage other funds managed by the Investment Manager. It was observed that no changes were recommended to the Existing Subadvisory Agreements. The Board took into account the Investment Manager's representation that each Subadviser was in a position to provide quality services to the Fund. In this regard, the Board further observed the various services provided by the Investment Manager's subadvisory oversight team.

After reviewing these and related factors (including investment performance as discussed below), the Board concluded, within the context of their overall conclusions, that the nature, extent and quality of the services provided to the Fund under the Advisory Agreements supported the continuation of the Management Agreement and each of the Existing Subadvisory Agreements.

Investment performance

The Board carefully reviewed the investment performance of the Fund, including detailed reports providing the results of analyses performed by each of the Investment Manager, Broadridge and JDL collectively showing, for various periods (including since manager inception): (i) the performance of the Fund, (ii) the Fund's performance relative to peers and benchmarks and (iii) the net assets of the Fund. The Board observed that the Fund's performance for certain periods ranked above median based on information provided by Broadridge.

Additionally, the Board reviewed the performance of each of the Subadvisers and the Investment Manager's process for monitoring such Subadvisers' performance. The Board considered, in particular, management's rationale for recommending the continued retention of each Subadviser and management's representations that the Investment Manager's profitability is not the key factor driving their recommendation to select, renew or terminate a Subadviser.

The Board also reviewed a description of the third-party data provider's methodology for identifying the Fund's peer groups for purposes of performance and expense comparisons.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Approval of Subadvisory Agreement (continued)

(Unaudited)

The Board also considered the Investment Manager's and Subadvisers' performance and reputation generally and the Investment Manager's evaluation of the contribution of each Subadviser to the Fund's investment mandate. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions, that the performance of the Fund, the Investment Manager and the Subadvisers, in light of other considerations, supported the continuation of the Management Agreement and each of the Existing Subadvisory Agreements.

Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund

The Board reviewed comparative fees and the costs of services provided under each of the Advisory Agreements. The Board members considered detailed comparative information set forth in an annual report on fees and expenses, including, among other things, data (based on analyses conducted by Broadridge and JDL) showing a comparison of the Fund's expenses with median expenses paid by funds in its comparative peer universe, as well as data showing the Fund's contribution to the Investment Manager's profitability.

The Board considered the reports of JDL, which assisted in the Board's analysis of the Funds' performance and expenses and the reasonableness of the Funds' fee rates. The Board accorded particular weight to the notion that a primary objective of the level of fees is to achieve a rational pricing model applied consistently across the various product lines in the Fund family, while assuring that the overall fees for each Fund (with certain exceptions) are generally in line with the current "pricing philosophy" such that Fund total expense ratios, in general, approximate or are lower than the median expense ratios of funds in the same Lipper comparison universe. The Board took into account that the Fund's total expense ratio (after considering proposed expense caps/waivers) was slightly below the peer universe's median expense ratio shown in the reports.

Additionally, the Board reviewed the level of subadvisory fees paid to each Subadviser, noting that the fees are paid by the Investment Manager and do not impact the fees paid by the Fund. The Board also reviewed advisory fee rates charged by other comparable mutual funds employing each Subadviser to provide comparable subadvisory services. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions, that the levels of management fees, subadvisory fees and expenses of the Fund, in light of other considerations, supported the continuation of the Management Agreement and each of the Existing Subadvisory Agreements.

The Board also considered the profitability of the Investment Manager and its affiliates in connection with the Investment Manager providing management services to the Fund. Because the Existing Subadvisory Agreements were negotiated at arm's length by the Investment Manager, which is responsible for payments to the Subadvisers thereunder, the Board did not consider the profitability to each Subadviser from its relationship with the Fund. With respect to the profitability of the Investment Manager and its affiliates, the Independent Trustees referred to information discussing the profitability to the Investment Manager and Ameriprise Financial from managing, operating and distributing the Funds. The Board considered that the profitability generated by the Investment Manager in 2024 had increased from 2023 levels due to a variety of factors, including the increased assets under management of the Funds. It also took into account the indirect economic benefits flowing to the Investment Manager or its affiliates in connection with managing or distributing the Funds, such as the enhanced ability to offer various other financial products to Ameriprise Financial customers, soft dollar benefits and overall reputational advantages. The Board noted that the fees paid by the Fund should permit the Investment Manager to offer competitive compensation to its personnel, make necessary investments in its business and earn an appropriate profit. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions, that the costs of services provided and the profitability to the Investment Manager and its affiliates from their relationships with the Fund supported the continuation of the Management Agreement and each of the Existing Subadvisory Agreements.

Economies of scale

The Board considered the potential existence of economies of scale in the provision by the Investment Manager of services to the Fund, and whether those economies of scale were shared with the Fund through breakpoints in investment management fees or other means, such as expense limitation arrangements and additional investments by the Investment Manager in investment, trading, compliance and other resources. The Board considered the economies of scale that might be realized as the Fund's net asset level grows and took note of the extent to which Fund shareholders might also benefit

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

Approval of Subadvisory Agreement (continued)

(Unaudited)

from such growth. In this regard, the Board took into account that management fees decline as Fund assets exceed various breakpoints, all of which have not been surpassed. The Board observed that the Management Agreement thus provides for breakpoints in the management fee rate schedule that allow opportunities for shareholders to realize lower fees as Fund assets grow and that there are additional opportunities through other means for sharing economies of scale with shareholders. The Board also noted that the breakpoints in the Existing Subadvisory Agreements did not occur at the same levels as the breakpoints in the Management Agreement. In this regard, the Board noted the potential challenges of seeking to tailor the Management Agreement breakpoints to those of a subadvisory agreement in this context.

Conclusion

The Board reviewed all of the above considerations in reaching its decision to approve the continuation of the Management Agreement and each of the Existing Subadvisory Agreements. In reaching its conclusions, no single factor was determinative.

On June 26, 2025, the Board, including all of the Independent Trustees, determined that fees payable under each of the Advisory Agreements were fair and reasonable in light of the extent and quality of services provided and approved the renewal of each of the Advisory Agreements.

Multi-Manager Total Return Bond Strategies Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

**Multi-Manager Total Return Bond Strategies Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787img936ecc722.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/

SAR101_08_T01_(04/26)

------

![](g469787img3e1ec3371.jpg)

Multi-Manager Small Cap Equity Strategies 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_ba6ccfbb-c7cb-4bca-849b-2331589d55e9_POI-CommonContent-Date-16_1) | 3 |
| [Statement of Assets and Liabilities](#xx_ba6ccfbb-c7cb-4bca-849b-2331589d55e9_FS-CommonContent-Date-16_1) | 18 |
| [Statement of Operations](#xx_ba6ccfbb-c7cb-4bca-849b-2331589d55e9_FS-CommonContent-Date-16_2) | 19 |
| [Statement of Changes in Net Assets](#xx_ba6ccfbb-c7cb-4bca-849b-2331589d55e9_FS-CommonContent-Date-16_3) | 20 |
| [Financial Highlights](#xx_ba6ccfbb-c7cb-4bca-849b-2331589d55e9_FIHI-CommonContent-Date-16_1) | 21 |
| [Notes to Financial Statements](#xx_ba6ccfbb-c7cb-4bca-849b-2331589d55e9_NTF-CommonContent-Date-16_1) | 22 |

---

Multi-Manager Small Cap Equity Strategies 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 1.9%** | **Communication Services 1.9%** | **Communication Services 1.9%** |
| **Diversified Telecommunication Services 0.3%** | **Diversified Telecommunication Services 0.3%** | **Diversified Telecommunication Services 0.3%** |
| ATN International, Inc. | &nbsp;&nbsp; 7324 | &nbsp;&nbsp; 211078 |
| Bandwidth, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 2073 | &nbsp;&nbsp; 30722 |
| IDT Corp., Class B | &nbsp;&nbsp; 20316 | &nbsp;&nbsp; 1035100 |
| Lumen Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 325809 | &nbsp;&nbsp; 2316502 |
| Total |  | &nbsp;&nbsp; 3593402 |
| **Entertainment 0.7%** | **Entertainment 0.7%** | **Entertainment 0.7%** |
| IMAX Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 23469 | &nbsp;&nbsp; 1005177 |
| Playstudios, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 26886 | &nbsp;&nbsp; 13728 |
| Playtika Holding Corp. | &nbsp;&nbsp; 128816 | &nbsp;&nbsp; 398041 |
| Roku, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 12494 | &nbsp;&nbsp; 1229535 |
| Skillz, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5014 | &nbsp;&nbsp; 16847 |
| Sphere Entertainment Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; 53845 | &nbsp;&nbsp; 6408094 |
| Total |  | &nbsp;&nbsp; 9071422 |
| **Interactive Media & Services 0.2%** | **Interactive Media & Services 0.2%** | **Interactive Media & Services 0.2%** |
| Match Group, Inc. | &nbsp;&nbsp; 34450 | &nbsp;&nbsp; 1088620 |
| Nextdoor Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 569129 | &nbsp;&nbsp; 995976 |
| Total |  | &nbsp;&nbsp; 2084596 |
| **Media 0.7%** | **Media 0.7%** | **Media 0.7%** |
| Emerald Holding, Inc. | &nbsp;&nbsp; 86100 | &nbsp;&nbsp; 359037 |
| Ibotta, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14500 | &nbsp;&nbsp; 362065 |
| National CineMedia, Inc. | &nbsp;&nbsp; 235900 | &nbsp;&nbsp; 839804 |
| Nexxen International Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 115451 | &nbsp;&nbsp; 743504 |
| PubMatic, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 133839 | &nbsp;&nbsp; 1084096 |
| Scholastic Corp. | &nbsp;&nbsp; 50288 | &nbsp;&nbsp; 1748514 |
| Stagwell, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 204100 | &nbsp;&nbsp; 983762 |
| TEGNA, Inc. | &nbsp;&nbsp; 37100 | &nbsp;&nbsp; 777245 |
| WPP PLC, ADR | &nbsp;&nbsp; 69500 | &nbsp;&nbsp; 1292700 |
| Total |  | &nbsp;&nbsp; 8190727 |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Spok Holdings, Inc. | &nbsp;&nbsp; 14195 | &nbsp;&nbsp; 172327 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **23112474** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Consumer Discretionary 10.7%** | **Consumer Discretionary 10.7%** | **Consumer Discretionary 10.7%** |
| **Automobile Components 1.5%** | **Automobile Components 1.5%** | **Automobile Components 1.5%** |
| Adient PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 48800 | &nbsp;&nbsp; 1186816 |
| Cooper-Standard Holding, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 47005 | &nbsp;&nbsp; 1806872 |
| Dana, Inc. | &nbsp;&nbsp; 69492 | &nbsp;&nbsp; 2379406 |
| Fox Factory Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 32600 | &nbsp;&nbsp; 548984 |
| Gentex Corp. | &nbsp;&nbsp; 51700 | &nbsp;&nbsp; 1209780 |
| Holley, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 63822 | &nbsp;&nbsp; 260394 |
| LCI Industries | &nbsp;&nbsp; 22929 | &nbsp;&nbsp; 3054143 |
| Lear Corp. | &nbsp;&nbsp; 27182 | &nbsp;&nbsp; 3567638 |
| Stoneridge, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 42155 | &nbsp;&nbsp; 332603 |
| Strattec Security Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15315 | &nbsp;&nbsp; 1347720 |
| Visteon Corp. | &nbsp;&nbsp; 30447 | &nbsp;&nbsp; 2912864 |
| Total |  | &nbsp;&nbsp; 18607220 |
| **Automobiles 0.3%** | **Automobiles 0.3%** | **Automobiles 0.3%** |
| Harley-Davidson, Inc. | &nbsp;&nbsp; 51900 | &nbsp;&nbsp; 934200 |
| Thor Industries, Inc. | &nbsp;&nbsp; 11000 | &nbsp;&nbsp; 1057430 |
| Winnebago Industries, Inc. | &nbsp;&nbsp; 27300 | &nbsp;&nbsp; 1088997 |
| Total |  | &nbsp;&nbsp; 3080627 |
| **Broadline Retail 0.4%** | **Broadline Retail 0.4%** | **Broadline Retail 0.4%** |
| 1stdibs.com, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7465 | &nbsp;&nbsp; 35907 |
| Dillard's, Inc., Class A | &nbsp;&nbsp; 1016 | &nbsp;&nbsp; 612435 |
| Global-e Online Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 37281 | &nbsp;&nbsp; 1303716 |
| Macy's, Inc. | &nbsp;&nbsp; 27900 | &nbsp;&nbsp; 551862 |
| Ollie's Bargain Outlet Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19226 | &nbsp;&nbsp; 2059104 |
| Total |  | &nbsp;&nbsp; 4563024 |
| **Distributors 0.3%** | **Distributors 0.3%** | **Distributors 0.3%** |
| Gold.com, Inc. | &nbsp;&nbsp; 67678 | &nbsp;&nbsp; 3889455 |
| **Diversified Consumer Services 0.7%** | **Diversified Consumer Services 0.7%** | **Diversified Consumer Services 0.7%** |
| Bright Horizons Family Solutions, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 78669 | &nbsp;&nbsp; 5862414 |
| Chegg, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 100024 | &nbsp;&nbsp; 65745 |
| H&R Block, Inc. | &nbsp;&nbsp; 30500 | &nbsp;&nbsp; 933910 |
| Laureate Education, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 8900 | &nbsp;&nbsp; 287826 |
| Universal Technical Institute, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 47280 | &nbsp;&nbsp; 1711536 |
| Total |  | &nbsp;&nbsp; 8861431 |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Hotels, Restaurants & Leisure 2.2%** | **Hotels, Restaurants & Leisure 2.2%** | **Hotels, Restaurants & Leisure 2.2%** |
| Accel Entertainment, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 102500 | &nbsp;&nbsp; 1164400 |
| Boyd Gaming Corp. | &nbsp;&nbsp; 49119 | &nbsp;&nbsp; 4088174 |
| Brightstar Lottery PLC | &nbsp;&nbsp; 92300 | &nbsp;&nbsp; 1251588 |
| Churchill Downs, Inc. | &nbsp;&nbsp; 10600 | &nbsp;&nbsp; 974458 |
| El Pollo Loco Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 43800 | &nbsp;&nbsp; 484428 |
| Hilton Grand Vacations, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 27700 | &nbsp;&nbsp; 1245392 |
| Life Time Group Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 103825 | &nbsp;&nbsp; 2803275 |
| Marriott Vacations Worldwide Corp. | &nbsp;&nbsp; 21300 | &nbsp;&nbsp; 1384713 |
| Monarch Casino & Resort, Inc. | &nbsp;&nbsp; 3200 | &nbsp;&nbsp; 307520 |
| Nathan's Famous, Inc. | &nbsp;&nbsp; 6200 | &nbsp;&nbsp; 623596 |
| Planet Fitness, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 24156 | &nbsp;&nbsp; 1984416 |
| Portillo's, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 55400 | &nbsp;&nbsp; 295836 |
| Sportradar Group AG, Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 106119 | &nbsp;&nbsp; 1937733 |
| Travel + Leisure Co. | &nbsp;&nbsp; 17500 | &nbsp;&nbsp; 1289750 |
| United Parks & Resorts, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17800 | &nbsp;&nbsp; 619262 |
| Vail Resorts, Inc. | &nbsp;&nbsp; 9000 | &nbsp;&nbsp; 1222290 |
| Wendy's Co. (The) | &nbsp;&nbsp; 153400 | &nbsp;&nbsp; 1175044 |
| Wingstop, Inc. | &nbsp;&nbsp; 5792 | &nbsp;&nbsp; 1503082 |
| Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp; 32464 | &nbsp;&nbsp; 2655555 |
| Total |  | &nbsp;&nbsp; 27010512 |
| **Household Durables 1.1%** | **Household Durables 1.1%** | **Household Durables 1.1%** |
| Century Communities, Inc. | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 336150 |
| Cricut, Inc. | &nbsp;&nbsp; 162570 | &nbsp;&nbsp; 699051 |
| Ethan Allen Interiors, Inc. | &nbsp;&nbsp; 68577 | &nbsp;&nbsp; 1562184 |
| Flexsteel Industries, Inc. | &nbsp;&nbsp; 6736 | &nbsp;&nbsp; 346702 |
| GoPro, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 108547 | &nbsp;&nbsp; 105052 |
| Green Brick Partners, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4600 | &nbsp;&nbsp; 338836 |
| Helen of Troy Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 44700 | &nbsp;&nbsp; 788508 |
| KB Home | &nbsp;&nbsp; 50623 | &nbsp;&nbsp; 3218610 |
| La-Z-Boy, Inc. | &nbsp;&nbsp; 7510 | &nbsp;&nbsp; 268257 |
| Legacy Housing Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14500 | &nbsp;&nbsp; 317840 |
| Leggett & Platt, Inc. | &nbsp;&nbsp; 52700 | &nbsp;&nbsp; 615536 |
| M/I Homes, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2708 | &nbsp;&nbsp; 384969 |
| Sonos, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 117563 | &nbsp;&nbsp; 1810470 |
| Taylor Morrison Home Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 15499 | &nbsp;&nbsp; 1021229 |
| TopBuild Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1236 | &nbsp;&nbsp; 554099 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Traeger, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 21683 | &nbsp;&nbsp; 18648 |
| Tri Pointe Homes, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13400 | &nbsp;&nbsp; 620420 |
| Total |  | &nbsp;&nbsp; 13006561 |
| **Leisure Products 0.9%** | **Leisure Products 0.9%** | **Leisure Products 0.9%** |
| American Outdoor Brands, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 595 | &nbsp;&nbsp; 5415 |
| Brunswick Corp. | &nbsp;&nbsp; 14700 | &nbsp;&nbsp; 1170414 |
| Callaway Golf Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; 193815 | &nbsp;&nbsp; 2725039 |
| Funko, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 153897 | &nbsp;&nbsp; 769485 |
| JAKKS Pacific, Inc. | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 983700 |
| Johnson Outdoors, Inc., Class A | &nbsp;&nbsp; 14247 | &nbsp;&nbsp; 690837 |
| MasterCraft Boat Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1087 | &nbsp;&nbsp; 23593 |
| Mattel, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 42500 | &nbsp;&nbsp; 720375 |
| Polaris, Inc. | &nbsp;&nbsp; 54196 | &nbsp;&nbsp; 3291865 |
| YETI Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 22700 | &nbsp;&nbsp; 992217 |
| Total |  | &nbsp;&nbsp; 11372940 |
| **Specialty Retail 2.4%** | **Specialty Retail 2.4%** | **Specialty Retail 2.4%** |
| Abercrombie & Fitch Co., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 6600 | &nbsp;&nbsp; 645480 |
| Academy Sports & Outdoors, Inc. | &nbsp;&nbsp; 5900 | &nbsp;&nbsp; 354767 |
| Arhaus, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 103600 | &nbsp;&nbsp; 854700 |
| Arko Corp. | &nbsp;&nbsp; 107580 | &nbsp;&nbsp; 691740 |
| Asbury Automotive Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2700 | &nbsp;&nbsp; 577206 |
| AutoNation, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6200 | &nbsp;&nbsp; 1209992 |
| Bath & Body Works, Inc. | &nbsp;&nbsp; 27400 | &nbsp;&nbsp; 623624 |
| Citi Trends, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 20503 | &nbsp;&nbsp; 971432 |
| Designer Brands, Inc. | &nbsp;&nbsp; 94507 | &nbsp;&nbsp; 672890 |
| Genesco, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 27461 | &nbsp;&nbsp; 748038 |
| Group 1 Automotive, Inc. | &nbsp;&nbsp; 2400 | &nbsp;&nbsp; 781776 |
| Haverty Furniture Companies, Inc. | &nbsp;&nbsp; 65068 | &nbsp;&nbsp; 1549269 |
| Lands' End, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 43072 | &nbsp;&nbsp; 692167 |
| Lithia Motors, Inc., Class A | &nbsp;&nbsp; 7333 | &nbsp;&nbsp; 2050160 |
| OneWater Marine, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 47000 | &nbsp;&nbsp; 535095 |
| PetMed Express, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 260300 |
| Restoration Hardware Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1997 | &nbsp;&nbsp; 330923 |
| Shoe Carnival, Inc. | &nbsp;&nbsp; 15685 | &nbsp;&nbsp; 316680 |
| Sleep Number Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 72331 | &nbsp;&nbsp; 446282 |
| Sonic Automotive, Inc., Class A | &nbsp;&nbsp; 51712 | &nbsp;&nbsp; 3243377 |
| Stitch Fix, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 295595 | &nbsp;&nbsp; 984331 |
| Upbound Group, Inc. | &nbsp;&nbsp; 46100 | &nbsp;&nbsp; 988845 |
| Warby Parker, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 127705 | &nbsp;&nbsp; 3193902 |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Wayfair, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 1980 | &nbsp;&nbsp; 151133 |
| Winmark Corp. | &nbsp;&nbsp; 10012 | &nbsp;&nbsp; 4567875 |
| Zumiez, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 65736 | &nbsp;&nbsp; 1723598 |
| Total |  | &nbsp;&nbsp; 29165582 |
| **Textiles, Apparel & Luxury Goods 0.9%** | **Textiles, Apparel & Luxury Goods 0.9%** | **Textiles, Apparel & Luxury Goods 0.9%** |
| Carter's, Inc. | &nbsp;&nbsp; 7600 | &nbsp;&nbsp; 254980 |
| Columbia Sportswear Co. | &nbsp;&nbsp; 19930 | &nbsp;&nbsp; 1234464 |
| Crocs, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 12400 | &nbsp;&nbsp; 1124804 |
| G-III Apparel Group Ltd. | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 917700 |
| Kontoor Brands, Inc. | &nbsp;&nbsp; 13900 | &nbsp;&nbsp; 906419 |
| Levi Strauss & Co., Class A | &nbsp;&nbsp; 110110 | &nbsp;&nbsp; 2440038 |
| Movado Group, Inc. | &nbsp;&nbsp; 51133 | &nbsp;&nbsp; 1275768 |
| Oxford Industries, Inc. | &nbsp;&nbsp; 15900 | &nbsp;&nbsp; 629481 |
| PVH Corp. | &nbsp;&nbsp; 4500 | &nbsp;&nbsp; 308700 |
| Steven Madden Ltd. | &nbsp;&nbsp; 15700 | &nbsp;&nbsp; 566770 |
| Superior Group of Cos, Inc. | &nbsp;&nbsp; 9633 | &nbsp;&nbsp; 95656 |
| Wolverine World Wide, Inc. | &nbsp;&nbsp; 94523 | &nbsp;&nbsp; 1670221 |
| Total |  | &nbsp;&nbsp; 11425001 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **130982353** |
| **Consumer Staples 3.0%** | **Consumer Staples 3.0%** | **Consumer Staples 3.0%** |
| **Consumer Staples Distribution & Retail 1.0%** | **Consumer Staples Distribution & Retail 1.0%** | **Consumer Staples Distribution & Retail 1.0%** |
| Andersons, Inc. (The) | &nbsp;&nbsp; 81906 | &nbsp;&nbsp; 5347643 |
| Grocery Outlet Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 92800 | &nbsp;&nbsp; 916864 |
| Maplebear, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19466 | &nbsp;&nbsp; 730169 |
| The Chefs' Warehouse<sup>(a)</sup> <br>| &nbsp;&nbsp; 70312 | &nbsp;&nbsp; 5019574 |
| Total |  | &nbsp;&nbsp; 12014250 |
| **Food Products 0.8%** | **Food Products 0.8%** | **Food Products 0.8%** |
| B&G Foods, Inc. | &nbsp;&nbsp; 99000 | &nbsp;&nbsp; 525690 |
| Calavo Growers, Inc. | &nbsp;&nbsp; 35900 | &nbsp;&nbsp; 963556 |
| Dole PLC | &nbsp;&nbsp; 69734 | &nbsp;&nbsp; 1118533 |
| Flowers Foods, Inc. | &nbsp;&nbsp; 96400 | &nbsp;&nbsp; 952432 |
| Hain Celestial Group, Inc. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 292344 | &nbsp;&nbsp; 233700 |
| John B. Sanfilippo & Son, Inc. | &nbsp;&nbsp; 11700 | &nbsp;&nbsp; 966537 |
| Lamb Weston Holdings, Inc. | &nbsp;&nbsp; 25800 | &nbsp;&nbsp; 1243302 |
| Mission Produce, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16481 | &nbsp;&nbsp; 233865 |
| Pilgrim's Pride Corp. | &nbsp;&nbsp; 24958 | &nbsp;&nbsp; 1077187 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Simply Good Foods Co. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 71900 | &nbsp;&nbsp; 1226614 |
| Smithfield Foods, Inc. | &nbsp;&nbsp; 60278 | &nbsp;&nbsp; 1499717 |
| Total |  | &nbsp;&nbsp; 10041133 |
| **Household Products 0.5%** | **Household Products 0.5%** | **Household Products 0.5%** |
| Central Garden & Pet Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; 12100 | &nbsp;&nbsp; 474199 |
| Central Garden & Pet Co., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 16033 | &nbsp;&nbsp; 553780 |
| Energizer Holdings, Inc. | &nbsp;&nbsp; 27200 | &nbsp;&nbsp; 587248 |
| Reynolds Consumer Products, Inc. | &nbsp;&nbsp; 53800 | &nbsp;&nbsp; 1334778 |
| WD-40 Co. | &nbsp;&nbsp; 10725 | &nbsp;&nbsp; 2554695 |
| Total |  | &nbsp;&nbsp; 5504700 |
| **Personal Care Products 0.5%** | **Personal Care Products 0.5%** | **Personal Care Products 0.5%** |
| Beauty Health Co. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 15643 | &nbsp;&nbsp; 16269 |
| BellRing Brands, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 68700 | &nbsp;&nbsp; 1263393 |
| Edgewell Personal Care Co. | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 795900 |
| Herbalife Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 102440 | &nbsp;&nbsp; 1999629 |
| Interparfums, Inc. | &nbsp;&nbsp; 12300 | &nbsp;&nbsp; 1239594 |
| Nature's Sunshine Products, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 23374 | &nbsp;&nbsp; 646992 |
| Usana Health Sciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 33668 | &nbsp;&nbsp; 724535 |
| Total |  | &nbsp;&nbsp; 6686312 |
| **Tobacco 0.2%** | **Tobacco 0.2%** | **Tobacco 0.2%** |
| Turning Point Brands, Inc. | &nbsp;&nbsp; 18435 | &nbsp;&nbsp; 2525411 |
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **36771806** |
| **Energy 5.2%** | **Energy 5.2%** | **Energy 5.2%** |
| **Energy Equipment & Services 2.0%** | **Energy Equipment & Services 2.0%** | **Energy Equipment & Services 2.0%** |
| Cactus, Inc., Class A | &nbsp;&nbsp; 77535 | &nbsp;&nbsp; 4186890 |
| Core Laboratories, Inc. | &nbsp;&nbsp; 16600 | &nbsp;&nbsp; 291994 |
| DMC Global Inc<sup>(a)</sup> <br>| &nbsp;&nbsp; 40632 | &nbsp;&nbsp; 239323 |
| Expro Group Holdings NV<sup>(a)</sup> <br>| &nbsp;&nbsp; 78849 | &nbsp;&nbsp; 1408243 |
| Forum Energy Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 41606 | &nbsp;&nbsp; 2414396 |
| Helix Energy Solutions Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 74000 | &nbsp;&nbsp; 680060 |
| Innovex International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 37900 | &nbsp;&nbsp; 998665 |
| National Energy Services Reunited Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 186505 | &nbsp;&nbsp; 4671950 |
| Noble Corp PLC | &nbsp;&nbsp; 14300 | &nbsp;&nbsp; 649649 |
| NOV, Inc. | &nbsp;&nbsp; 67100 | &nbsp;&nbsp; 1359446 |
| Oil States International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 127667 | &nbsp;&nbsp; 1671161 |
| ProFrac Holding Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 114600 | &nbsp;&nbsp; 567270 |
| ProPetro Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 94800 | &nbsp;&nbsp; 1149924 |
| Ranger Energy Services, Inc., Class A | &nbsp;&nbsp; 56360 | &nbsp;&nbsp; 981791 |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| RPC, Inc. | &nbsp;&nbsp; 107800 | &nbsp;&nbsp; 626318 |
| Select Energy Services, Inc., Class A | &nbsp;&nbsp; 61300 | &nbsp;&nbsp; 837971 |
| Tidewater, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5700 | &nbsp;&nbsp; 452694 |
| Valaris Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 670950 |
| Weatherford International PLC | &nbsp;&nbsp; 9100 | &nbsp;&nbsp; 959686 |
| Total |  | &nbsp;&nbsp; 24818381 |
| **Oil, Gas & Consumable Fuels 3.2%** | **Oil, Gas & Consumable Fuels 3.2%** | **Oil, Gas & Consumable Fuels 3.2%** |
| Baytex Energy Corp. | &nbsp;&nbsp; 270788 | &nbsp;&nbsp; 1039826 |
| California Resources Corp. | &nbsp;&nbsp; 15900 | &nbsp;&nbsp; 935556 |
| Crescent Energy Co., Class A | &nbsp;&nbsp; 130051 | &nbsp;&nbsp; 1516395 |
| CVR Energy, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 27600 | &nbsp;&nbsp; 666816 |
| Delek U.S. Holdings, Inc. | &nbsp;&nbsp; 26600 | &nbsp;&nbsp; 1013726 |
| DHT Holdings, Inc. | &nbsp;&nbsp; 268696 | &nbsp;&nbsp; 5236885 |
| Excelerate Energy, Inc., Class A | &nbsp;&nbsp; 77340 | &nbsp;&nbsp; 3112935 |
| Granite Ridge Resources, Inc. | &nbsp;&nbsp; 174509 | &nbsp;&nbsp; 883016 |
| Green Plains, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 201916 | &nbsp;&nbsp; 2772307 |
| Gulfport Energy Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 12142 | &nbsp;&nbsp; 2533550 |
| Kinetik Holdings, Inc. | &nbsp;&nbsp; 22700 | &nbsp;&nbsp; 1032623 |
| Kosmos Energy Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 589500 | &nbsp;&nbsp; 1373535 |
| Murphy Oil Corp. | &nbsp;&nbsp; 38600 | &nbsp;&nbsp; 1279590 |
| NextDecade Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 183300 | &nbsp;&nbsp; 987987 |
| Northern Oil & Gas, Inc. | &nbsp;&nbsp; 36500 | &nbsp;&nbsp; 1007035 |
| Par Pacific Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 21600 | &nbsp;&nbsp; 921672 |
| PBF Energy, Inc., Class A | &nbsp;&nbsp; 27400 | &nbsp;&nbsp; 975440 |
| REX American Resources Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 28100 | &nbsp;&nbsp; 999236 |
| SM Energy Co. | &nbsp;&nbsp; 43000 | &nbsp;&nbsp; 994590 |
| Talos Energy, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 73700 | &nbsp;&nbsp; 902825 |
| Teekay Tankers Ltd., Class A | &nbsp;&nbsp; 54913 | &nbsp;&nbsp; 4298040 |
| VAALCO Energy, Inc. | &nbsp;&nbsp; 192000 | &nbsp;&nbsp; 988800 |
| World Kinect Corp. | &nbsp;&nbsp; 151731 | &nbsp;&nbsp; 3785688 |
| Total |  | &nbsp;&nbsp; 39258073 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **64076454** |
| **Financials 17.1%** | **Financials 17.1%** | **Financials 17.1%** |
| **Banks 9.6%** | **Banks 9.6%** | **Banks 9.6%** |
| 1st Source Corp. | &nbsp;&nbsp; 13100 | &nbsp;&nbsp; 877831 |
| Amerant Bancorp, Inc. | &nbsp;&nbsp; 82436 | &nbsp;&nbsp; 1760009 |
| Ameris Bancorp | &nbsp;&nbsp; 47084 | &nbsp;&nbsp; 3656543 |
| Arrow Financial Corp. | &nbsp;&nbsp; 14951 | &nbsp;&nbsp; 498018 |
| Associated Banc-Corp. | &nbsp;&nbsp; 44008 | &nbsp;&nbsp; 1162251 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Banc of California, Inc. | &nbsp;&nbsp; 30915 | &nbsp;&nbsp; 571000 |
| Bank of Marin Bancorp | &nbsp;&nbsp; 22600 | &nbsp;&nbsp; 562514 |
| Bank of NT Butterfield & Son Ltd. (The) | &nbsp;&nbsp; 34757 | &nbsp;&nbsp; 1763918 |
| Bank7 Corp. | &nbsp;&nbsp; 10732 | &nbsp;&nbsp; 436578 |
| BankUnited, Inc. | &nbsp;&nbsp; 126559 | &nbsp;&nbsp; 5910305 |
| Baycom Corp. | &nbsp;&nbsp; 15784 | &nbsp;&nbsp; 464050 |
| BCB Bancorp, Inc. | &nbsp;&nbsp; 10167 | &nbsp;&nbsp; 81336 |
| Beacon Financial Corp. | &nbsp;&nbsp; 41284 | &nbsp;&nbsp; 1227786 |
| BOK Financial Corp. | &nbsp;&nbsp; 4931 | &nbsp;&nbsp; 619925 |
| Bridgewater Bancshares, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 20500 | &nbsp;&nbsp; 374740 |
| Burke & Herbert Financial Services Corp. | &nbsp;&nbsp; 8900 | &nbsp;&nbsp; 573516 |
| Business First Bancshares, Inc. | &nbsp;&nbsp; 8287 | &nbsp;&nbsp; 226235 |
| Byline Bancorp, Inc. | &nbsp;&nbsp; 17147 | &nbsp;&nbsp; 534986 |
| Camden National Corp. | &nbsp;&nbsp; 19500 | &nbsp;&nbsp; 900120 |
| Capital Bancorp, Inc. | &nbsp;&nbsp; 11700 | &nbsp;&nbsp; 344097 |
| Capital City Bank Group, Inc. | &nbsp;&nbsp; 8056 | &nbsp;&nbsp; 345159 |
| Capitol Federal Financial, Inc. | &nbsp;&nbsp; 166000 | &nbsp;&nbsp; 1191880 |
| Carter Bankshares, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 21000 | &nbsp;&nbsp; 437640 |
| Cathay General Bancorp | &nbsp;&nbsp; 22200 | &nbsp;&nbsp; 1103562 |
| Central Pacific Financial Corp. | &nbsp;&nbsp; 38170 | &nbsp;&nbsp; 1215715 |
| ChoiceOne Financial Services, Inc. | &nbsp;&nbsp; 12900 | &nbsp;&nbsp; 369198 |
| Civista Bancshares, Inc. | &nbsp;&nbsp; 18900 | &nbsp;&nbsp; 450009 |
| CNB Financial Corp. | &nbsp;&nbsp; 31200 | &nbsp;&nbsp; 873912 |
| Community Trust Bancorp, Inc. | &nbsp;&nbsp; 24916 | &nbsp;&nbsp; 1495957 |
| Community West Bancshares | &nbsp;&nbsp; 25400 | &nbsp;&nbsp; 590042 |
| ConnectOne Bancorp, Inc. | &nbsp;&nbsp; 45970 | &nbsp;&nbsp; 1219584 |
| Cullen/Frost Bankers, Inc. | &nbsp;&nbsp; 4778 | &nbsp;&nbsp; 660415 |
| CVB Financial Corp. | &nbsp;&nbsp; 29900 | &nbsp;&nbsp; 574977 |
| Dime Community Bancshares, Inc. | &nbsp;&nbsp; 35700 | &nbsp;&nbsp; 1154895 |
| Eagle Bancorp, Inc. | &nbsp;&nbsp; 48600 | &nbsp;&nbsp; 1236870 |
| Enterprise Financial Services Corp. | &nbsp;&nbsp; 20130 | &nbsp;&nbsp; 1149423 |
| Farmers National Banc Corp. | &nbsp;&nbsp; 46164 | &nbsp;&nbsp; 596901 |
| FB Financial Corp. | &nbsp;&nbsp; 23332 | &nbsp;&nbsp; 1276027 |
| Financial Institutions, Inc. | &nbsp;&nbsp; 18700 | &nbsp;&nbsp; 586806 |
| Finward Bancorp | &nbsp;&nbsp; 600 | &nbsp;&nbsp; 22416 |
| First BanCorp | &nbsp;&nbsp; 220463 | &nbsp;&nbsp; 4658383 |
| First Bank | &nbsp;&nbsp; 1975 | &nbsp;&nbsp; 31442 |
| First Busey Corp. | &nbsp;&nbsp; 47909 | &nbsp;&nbsp; 1214972 |
| First Business Financial Services, Inc. | &nbsp;&nbsp; 2606 | &nbsp;&nbsp; 142418 |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| First Financial Corp. | &nbsp;&nbsp; 21503 | &nbsp;&nbsp; 1362430 |
| First Foundation, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 192600 | &nbsp;&nbsp; 1130562 |
| First Hawaiian, Inc. | &nbsp;&nbsp; 48100 | &nbsp;&nbsp; 1190956 |
| First Internet Bancorp | &nbsp;&nbsp; 30717 | &nbsp;&nbsp; 622941 |
| First Merchants Corp. | &nbsp;&nbsp; 30431 | &nbsp;&nbsp; 1189244 |
| First Mid Bancshares, Inc. | &nbsp;&nbsp; 14110 | &nbsp;&nbsp; 578651 |
| First Western Financial, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19000 | &nbsp;&nbsp; 480510 |
| FirstSun Capital Bancorp<sup>(a)</sup> <br>| &nbsp;&nbsp; 15700 | &nbsp;&nbsp; 572579 |
| Five Star Bancorp | &nbsp;&nbsp; 15784 | &nbsp;&nbsp; 614471 |
| Flagstar Bank | &nbsp;&nbsp; 92800 | &nbsp;&nbsp; 1177632 |
| Flushing Financial Corp. | &nbsp;&nbsp; 73700 | &nbsp;&nbsp; 1137191 |
| Great Southern Bancorp, Inc. | &nbsp;&nbsp; 15763 | &nbsp;&nbsp; 969897 |
| Hanmi Financial Corp. | &nbsp;&nbsp; 93751 | &nbsp;&nbsp; 2447839 |
| HBT Financial, Inc. | &nbsp;&nbsp; 2561 | &nbsp;&nbsp; 69045 |
| Heritage Commerce Corp. | &nbsp;&nbsp; 72700 | &nbsp;&nbsp; 903661 |
| Heritage Financial Corp. | &nbsp;&nbsp; 21900 | &nbsp;&nbsp; 578379 |
| Hilltop Holdings, Inc. | &nbsp;&nbsp; 131297 | &nbsp;&nbsp; 4914447 |
| Hingham Institution for Savings | &nbsp;&nbsp; 4200 | &nbsp;&nbsp; 1172304 |
| Home Bancorp, Inc. | &nbsp;&nbsp; 12475 | &nbsp;&nbsp; 737273 |
| HomeTrust Bancshares, Inc. | &nbsp;&nbsp; 7758 | &nbsp;&nbsp; 326922 |
| Hope Bancorp, Inc. | &nbsp;&nbsp; 104700 | &nbsp;&nbsp; 1178922 |
| Independent Bank Corp. | &nbsp;&nbsp; 3700 | &nbsp;&nbsp; 288859 |
| Independent Bank Corp. | &nbsp;&nbsp; 42720 | &nbsp;&nbsp; 1484520 |
| Kearny Financial Corp. | &nbsp;&nbsp; 186326 | &nbsp;&nbsp; 1425394 |
| Live Oak Bancshares, Inc. | &nbsp;&nbsp; 52258 | &nbsp;&nbsp; 1895398 |
| Mercantile Bank Corp. | &nbsp;&nbsp; 22436 | &nbsp;&nbsp; 1159044 |
| Mid Penn Bancorp, Inc. | &nbsp;&nbsp; 11400 | &nbsp;&nbsp; 366738 |
| Midland States Bancorp, Inc. | &nbsp;&nbsp; 96274 | &nbsp;&nbsp; 2130544 |
| MVB Financial Corp. | &nbsp;&nbsp; 6402 | &nbsp;&nbsp; 172854 |
| NB Bancorp, Inc. | &nbsp;&nbsp; 41800 | &nbsp;&nbsp; 892012 |
| Northeast Bank | &nbsp;&nbsp; 7730 | &nbsp;&nbsp; 857102 |
| Northeast Community Bancorp, Inc. | &nbsp;&nbsp; 11268 | &nbsp;&nbsp; 272686 |
| Northfield Bancorp, Inc. | &nbsp;&nbsp; 22700 | &nbsp;&nbsp; 302818 |
| Northpointe Bancshares, Inc. | &nbsp;&nbsp; 40645 | &nbsp;&nbsp; 734049 |
| OceanFirst Financial Corp. | &nbsp;&nbsp; 65600 | &nbsp;&nbsp; 1184736 |
| OFG Bancorp | &nbsp;&nbsp; 47351 | &nbsp;&nbsp; 1897828 |
| OP Bancorp | &nbsp;&nbsp; 15279 | &nbsp;&nbsp; 204127 |
| Origin Bancorp, Inc. | &nbsp;&nbsp; 11522 | &nbsp;&nbsp; 479315 |
| PCB Bancorp | &nbsp;&nbsp; 1520 | &nbsp;&nbsp; 33987 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Peapack-Gladstone Financial Corp. | &nbsp;&nbsp; 33672 | &nbsp;&nbsp; 1127675 |
| Peoples Bancorp, Inc. | &nbsp;&nbsp; 27600 | &nbsp;&nbsp; 890652 |
| Peoples Financial Services Corp. | &nbsp;&nbsp; 2800 | &nbsp;&nbsp; 150080 |
| Preferred Bank | &nbsp;&nbsp; 14100 | &nbsp;&nbsp; 1236852 |
| Primis Financial Corp. | &nbsp;&nbsp; 10789 | &nbsp;&nbsp; 142523 |
| Prosperity Bancshares, Inc. | &nbsp;&nbsp; 16605 | &nbsp;&nbsp; 1168494 |
| Provident Financial Services, Inc. | &nbsp;&nbsp; 55059 | &nbsp;&nbsp; 1158441 |
| RBB Bancorp | &nbsp;&nbsp; 28296 | &nbsp;&nbsp; 608364 |
| Red River Bancshares, Inc. | &nbsp;&nbsp; 583 | &nbsp;&nbsp; 51712 |
| Republic Bancorp, Inc. | &nbsp;&nbsp; 4315 | &nbsp;&nbsp; 297735 |
| S&T Bancorp, Inc. | &nbsp;&nbsp; 14100 | &nbsp;&nbsp; 589521 |
| ServisFirst Bancshares, Inc. | &nbsp;&nbsp; 28635 | &nbsp;&nbsp; 2319721 |
| Shore Bancshares, Inc. | &nbsp;&nbsp; 35047 | &nbsp;&nbsp; 651173 |
| Sierra Bancorp | &nbsp;&nbsp; 19221 | &nbsp;&nbsp; 691572 |
| Simmons First National Corp., Class A | &nbsp;&nbsp; 43700 | &nbsp;&nbsp; 870067 |
| SmartFinancial, Inc. | &nbsp;&nbsp; 1354 | &nbsp;&nbsp; 53090 |
| South Plains Financial, Inc. | &nbsp;&nbsp; 5217 | &nbsp;&nbsp; 213688 |
| Southern First Bancshares, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10600 | &nbsp;&nbsp; 591904 |
| Southern Missouri Bancorp, Inc. | &nbsp;&nbsp; 14400 | &nbsp;&nbsp; 891504 |
| Southside Bancshares, Inc. | &nbsp;&nbsp; 13000 | &nbsp;&nbsp; 407160 |
| Texas Capital Bancshares, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 47471 | &nbsp;&nbsp; 4523986 |
| Third Coast Bancshares, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 18361 | &nbsp;&nbsp; 727279 |
| Tompkins Financial Corp. | &nbsp;&nbsp; 4217 | &nbsp;&nbsp; 323486 |
| Towne Bank | &nbsp;&nbsp; 8500 | &nbsp;&nbsp; 291210 |
| Trico Bancshares | &nbsp;&nbsp; 39989 | &nbsp;&nbsp; 1910674 |
| TrustCo Bank Corp. | &nbsp;&nbsp; 30360 | &nbsp;&nbsp; 1316713 |
| United Community Banks, Inc. | &nbsp;&nbsp; 8900 | &nbsp;&nbsp; 286313 |
| Unity Bancorp, Inc. | &nbsp;&nbsp; 5533 | &nbsp;&nbsp; 294300 |
| Univest Corporation of Pennsylvania | &nbsp;&nbsp; 26200 | &nbsp;&nbsp; 879010 |
| Valley National Bancorp | &nbsp;&nbsp; 445409 | &nbsp;&nbsp; 5616608 |
| WaFd, Inc. | &nbsp;&nbsp; 53426 | &nbsp;&nbsp; 1664754 |
| Washington Trust Bancorp, Inc. | &nbsp;&nbsp; 26000 | &nbsp;&nbsp; 875940 |
| Westamerica BanCorp | &nbsp;&nbsp; 10272 | &nbsp;&nbsp; 520277 |
| Zions Bancorp NA | &nbsp;&nbsp; 8838 | &nbsp;&nbsp; 506241 |
| Total |  | &nbsp;&nbsp; 118130947 |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Capital Markets 1.2%** | **Capital Markets 1.2%** | **Capital Markets 1.2%** |
| Evercore, Inc., Class A | &nbsp;&nbsp; 7165 | &nbsp;&nbsp; 2212839 |
| Federated Hermes, Inc., Class B | &nbsp;&nbsp; 23300 | &nbsp;&nbsp; 1305033 |
| MarketAxess Holdings, Inc. | &nbsp;&nbsp; 2919 | &nbsp;&nbsp; 560448 |
| Open Lending Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 119837 | &nbsp;&nbsp; 159383 |
| Piper Sandler Companies | &nbsp;&nbsp; 13279 | &nbsp;&nbsp; 3924609 |
| Silvercrest Asset Management Group, Inc., <br> Class A<br>| &nbsp;&nbsp; 2909 | &nbsp;&nbsp; 44231 |
| StoneX Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 30930 | &nbsp;&nbsp; 3943575 |
| Virtu Financial, Inc. Class A | &nbsp;&nbsp; 15900 | &nbsp;&nbsp; 658419 |
| Virtus Investment Partners, Inc. | &nbsp;&nbsp; 9000 | &nbsp;&nbsp; 1245240 |
| Total |  | &nbsp;&nbsp; 14053777 |
| **Consumer Finance 2.0%** | **Consumer Finance 2.0%** | **Consumer Finance 2.0%** |
| Ally Financial, Inc. | &nbsp;&nbsp; 54312 | &nbsp;&nbsp; 2142065 |
| Bread Financial Holdings, Inc. | &nbsp;&nbsp; 101350 | &nbsp;&nbsp; 7181661 |
| Figure Technology Solutions, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 51584 | &nbsp;&nbsp; 1304043 |
| FirstCash Holdings, Inc. | &nbsp;&nbsp; 29126 | &nbsp;&nbsp; 5615202 |
| LendingTree, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13096 | &nbsp;&nbsp; 489398 |
| Navient Corp. | &nbsp;&nbsp; 109400 | &nbsp;&nbsp; 961626 |
| PRA Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 74222 | &nbsp;&nbsp; 1168996 |
| PROG Holdings, Inc. | &nbsp;&nbsp; 74333 | &nbsp;&nbsp; 2617265 |
| Regional Management Corp. | &nbsp;&nbsp; 13013 | &nbsp;&nbsp; 414074 |
| SLM Corp. | &nbsp;&nbsp; 53700 | &nbsp;&nbsp; 1006338 |
| World Acceptance Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9489 | &nbsp;&nbsp; 1279876 |
| Total |  | &nbsp;&nbsp; 24180544 |
| **Financial Services 1.4%** | **Financial Services 1.4%** | **Financial Services 1.4%** |
| Banco Latinoamericano de Comercio Exterior SA, <br> Class E<br>| &nbsp;&nbsp; 2939 | &nbsp;&nbsp; 147038 |
| Cass Information Systems, Inc. | &nbsp;&nbsp; 9100 | &nbsp;&nbsp; 403858 |
| Compass Diversified Holdings | &nbsp;&nbsp; 280140 | &nbsp;&nbsp; 2098249 |
| Corebridge Financial, Inc. | &nbsp;&nbsp; 23672 | &nbsp;&nbsp; 611684 |
| Enact Holdings, Inc. | &nbsp;&nbsp; 28600 | &nbsp;&nbsp; 1196624 |
| Essent Group Ltd. | &nbsp;&nbsp; 19100 | &nbsp;&nbsp; 1162044 |
| Euronet Worldwide, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16500 | &nbsp;&nbsp; 1147575 |
| FS Bancorp, Inc. | &nbsp;&nbsp; 815 | &nbsp;&nbsp; 32201 |
| International Money Express, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29900 | &nbsp;&nbsp; 471822 |
| Jackson Financial, Inc., Class A | &nbsp;&nbsp; 202 | &nbsp;&nbsp; 22115 |
| Marqeta, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 261550 | &nbsp;&nbsp; 1004352 |
| Merchants Bancorp | &nbsp;&nbsp; 26200 | &nbsp;&nbsp; 1107736 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| MGIC Investment Corp. | &nbsp;&nbsp; 11600 | &nbsp;&nbsp; 307748 |
| NMI Holdings, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 30500 | &nbsp;&nbsp; 1198955 |
| Pagseguro Digital Ltd., Class A | &nbsp;&nbsp; 201741 | &nbsp;&nbsp; 2140472 |
| Paysafe Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 104222 | &nbsp;&nbsp; 652430 |
| Radian Group, Inc. | &nbsp;&nbsp; 36800 | &nbsp;&nbsp; 1270336 |
| Voya Financial, Inc. | &nbsp;&nbsp; 14300 | &nbsp;&nbsp; 956384 |
| Walker & Dunlop, Inc. | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 460100 |
| WEX, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 8100 | &nbsp;&nbsp; 1208439 |
| Total |  | &nbsp;&nbsp; 17600162 |
| **Insurance 2.6%** | **Insurance 2.6%** | **Insurance 2.6%** |
| Ambac Financial Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 46962 | &nbsp;&nbsp; 251247 |
| American Integrity Insurance Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 30729 | &nbsp;&nbsp; 625642 |
| Assured Guaranty Ltd. | &nbsp;&nbsp; 9400 | &nbsp;&nbsp; 810374 |
| CNO Financial Group, Inc. | &nbsp;&nbsp; 95353 | &nbsp;&nbsp; 3986709 |
| Donegal Group, Inc., Class A | &nbsp;&nbsp; 24844 | &nbsp;&nbsp; 437751 |
| eHealth, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 62481 | &nbsp;&nbsp; 81225 |
| Employers Holdings, Inc. | &nbsp;&nbsp; 63971 | &nbsp;&nbsp; 2645201 |
| F&G Annuities & Life, Inc. | &nbsp;&nbsp; 36100 | &nbsp;&nbsp; 817665 |
| Fidelis Insurance Holdings Ltd. | &nbsp;&nbsp; 152306 | &nbsp;&nbsp; 2902952 |
| Genworth Financial, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 31720 | &nbsp;&nbsp; 267717 |
| Hanover Insurance Group, Inc. (The) | &nbsp;&nbsp; 6200 | &nbsp;&nbsp; 1119906 |
| Heritage Insurance Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 71400 | &nbsp;&nbsp; 1989918 |
| Hippo Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17183 | &nbsp;&nbsp; 494183 |
| Horace Mann Educators Corp. | &nbsp;&nbsp; 17304 | &nbsp;&nbsp; 752897 |
| James River Group Holdings, Inc. | &nbsp;&nbsp; 57707 | &nbsp;&nbsp; 403949 |
| Kemper Corp. | &nbsp;&nbsp; 44739 | &nbsp;&nbsp; 1445965 |
| Lemonade, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 26115 | &nbsp;&nbsp; 1351190 |
| Lincoln National Corp. | &nbsp;&nbsp; 26100 | &nbsp;&nbsp; 895230 |
| Mercury General Corp. | &nbsp;&nbsp; 34580 | &nbsp;&nbsp; 3132256 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp; 11674 | &nbsp;&nbsp; 2518432 |
| Selectquote, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 49724 | &nbsp;&nbsp; 42768 |
| SiriusPoint Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 1449 | &nbsp;&nbsp; 30632 |
| Slide Insurance Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10780 | &nbsp;&nbsp; 204820 |
| Stewart Information Services Corp. | &nbsp;&nbsp; 14900 | &nbsp;&nbsp; 1057751 |
| United Fire Group, Inc. | &nbsp;&nbsp; 13711 | &nbsp;&nbsp; 532809 |
| United Insurance Holdings Corp. | &nbsp;&nbsp; 5073 | &nbsp;&nbsp; 57781 |
| Universal Insurance Holdings, Inc. | &nbsp;&nbsp; 41215 | &nbsp;&nbsp; 1449532 |
| White Mountains Insurance Group Ltd. | &nbsp;&nbsp; 570 | &nbsp;&nbsp; 1265691 |
| Total |  | &nbsp;&nbsp; 31572193 |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Mortgage Real Estate Investment Trusts (REITS) 0.3%** | **Mortgage Real Estate Investment Trusts (REITS) 0.3%** | **Mortgage Real Estate Investment Trusts (REITS) 0.3%** |
| Angel Oak Mortgage REIT, Inc. | &nbsp;&nbsp; 21662 | &nbsp;&nbsp; 185860 |
| Apollo Commercial Real Estate Finance, Inc. | &nbsp;&nbsp; 76500 | &nbsp;&nbsp; 810900 |
| Ares Commercial Real Estate Corp. | &nbsp;&nbsp; 119200 | &nbsp;&nbsp; 598384 |
| BrightSpire Capital, Inc. | &nbsp;&nbsp; 138807 | &nbsp;&nbsp; 806469 |
| Claros Mortgage Trust, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 220600 | &nbsp;&nbsp; 527234 |
| Granite Point Mortgage Trust, Inc. | &nbsp;&nbsp; 181806 | &nbsp;&nbsp; 316342 |
| Nexpoint Real Estate Finance, Inc. | &nbsp;&nbsp; 10141 | &nbsp;&nbsp; 147146 |
| Seven Hills Realty Trust | &nbsp;&nbsp; 17300 | &nbsp;&nbsp; 148088 |
| TPG Mortgage Investment Trust, Inc. | &nbsp;&nbsp; 41540 | &nbsp;&nbsp; 336058 |
| Total |  | &nbsp;&nbsp; 3876481 |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **209414104** |
| **Health Care 14.3%** | **Health Care 14.3%** | **Health Care 14.3%** |
| **Biotechnology 5.7%** | **Biotechnology 5.7%** | **Biotechnology 5.7%** |
| Aldeyra Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 28900 | &nbsp;&nbsp; 157794 |
| Alector, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 293202 | &nbsp;&nbsp; 712481 |
| Alkermes PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 83506 | &nbsp;&nbsp; 2513531 |
| Anika Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 35515 | &nbsp;&nbsp; 509995 |
| Apogee Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 54958 | &nbsp;&nbsp; 3847060 |
| Arcellx, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 23522 | &nbsp;&nbsp; 2676568 |
| Arcturus Therapeutics Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2576 | &nbsp;&nbsp; 21200 |
| BridgeBio Pharma, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 36181 | &nbsp;&nbsp; 2405313 |
| Caribou Biosciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 65984 | &nbsp;&nbsp; 125370 |
| Caris Life Sciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 53716 | &nbsp;&nbsp; 1081840 |
| Cartesian Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16116 | &nbsp;&nbsp; 122320 |
| Cytokinetics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 30095 | &nbsp;&nbsp; 1872511 |
| Design Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 34990 | &nbsp;&nbsp; 365296 |
| Disc Medicine, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 42865 | &nbsp;&nbsp; 2855666 |
| Dyne Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 143929 | &nbsp;&nbsp; 2248171 |
| Editas Medicine, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 154130 | &nbsp;&nbsp; 339086 |
| Entrada Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 70280 | &nbsp;&nbsp; 838440 |
| Evommune, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 91408 | &nbsp;&nbsp; 2376608 |
| Foghorn Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 28105 | &nbsp;&nbsp; 159636 |
| Generate Biomedicines, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 87335 | &nbsp;&nbsp; 1104788 |
| Immunome, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 120942 | &nbsp;&nbsp; 2643792 |
| Inhibrx Biosciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2417 | &nbsp;&nbsp; 179172 |
| Ironwood Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 99216 | &nbsp;&nbsp; 339319 |
| Keros Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 98726 | &nbsp;&nbsp; 1400922 |
| Kodiak Sciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 16194 | &nbsp;&nbsp; 433999 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Kura Oncology, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 241607 | &nbsp;&nbsp; 2109229 |
| MacroGenics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 69189 | &nbsp;&nbsp; 137686 |
| Myriad Genetics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 260381 | &nbsp;&nbsp; 1200356 |
| NewAmsterdam Pharma Co. NV<sup>(a)</sup> <br>| &nbsp;&nbsp; 66660 | &nbsp;&nbsp; 2363764 |
| Nurix Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 80077 | &nbsp;&nbsp; 1278830 |
| Nuvalent, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 34216 | &nbsp;&nbsp; 3488321 |
| PMV Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13237 | &nbsp;&nbsp; 22503 |
| Prothena Corp., PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 82422 | &nbsp;&nbsp; 714599 |
| REGENXBIO, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 196738 | &nbsp;&nbsp; 1778512 |
| Rhythm Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 37924 | &nbsp;&nbsp; 3516693 |
| Sarepta Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 52100 | &nbsp;&nbsp; 873196 |
| Sionna Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 81950 | &nbsp;&nbsp; 2994453 |
| Spyre Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 49243 | &nbsp;&nbsp; 2117941 |
| Travere Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17296 | &nbsp;&nbsp; 515248 |
| Tyra Biosciences, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 44460 | &nbsp;&nbsp; 1480963 |
| uniQure NV<sup>(a)</sup> <br>| &nbsp;&nbsp; 57081 | &nbsp;&nbsp; 892176 |
| Vanda Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 141154 | &nbsp;&nbsp; 1257682 |
| Vaxcyte, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 44045 | &nbsp;&nbsp; 2719338 |
| Vericel Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 119139 | &nbsp;&nbsp; 4250880 |
| Viking Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 31283 | &nbsp;&nbsp; 1058617 |
| Xenon Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 70757 | &nbsp;&nbsp; 3058825 |
| Total |  | &nbsp;&nbsp; 69160690 |
| **Health Care Equipment & Supplies 3.5%** | **Health Care Equipment & Supplies 3.5%** | **Health Care Equipment & Supplies 3.5%** |
| Accuray, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 151779 | &nbsp;&nbsp; 87652 |
| Artivion, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 20225 | &nbsp;&nbsp; 778663 |
| CONMED Corp. | &nbsp;&nbsp; 29200 | &nbsp;&nbsp; 1343200 |
| Dentsply Sirona, Inc. | &nbsp;&nbsp; 11827 | &nbsp;&nbsp; 173620 |
| Glaukos Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17883 | &nbsp;&nbsp; 2153113 |
| Inmode Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 64300 | &nbsp;&nbsp; 884125 |
| Inogen, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 46608 | &nbsp;&nbsp; 284309 |
| iRhythm Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 22015 | &nbsp;&nbsp; 2944506 |
| Lantheus Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 51650 | &nbsp;&nbsp; 3869102 |
| LeMaitre Vascular, Inc. | &nbsp;&nbsp; 96256 | &nbsp;&nbsp; 10412974 |
| LivaNova PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 19700 | &nbsp;&nbsp; 1390820 |
| Merit Medical Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 132174 | &nbsp;&nbsp; 10201189 |
| Omnicell, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 75818 | &nbsp;&nbsp; 3116120 |
| OraSure Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 218233 | &nbsp;&nbsp; 687434 |
| Orthofix Medical, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10533 | &nbsp;&nbsp; 142511 |
| TransMedics Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17310 | &nbsp;&nbsp; 2514451 |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Utah Medical Products, Inc. | &nbsp;&nbsp; 7100 | &nbsp;&nbsp; 472931 |
| Varex Imaging Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 121470 | &nbsp;&nbsp; 1599760 |
| Total |  | &nbsp;&nbsp; 43056480 |
| **Health Care Providers & Services 1.0%** | **Health Care Providers & Services 1.0%** | **Health Care Providers & Services 1.0%** |
| Acadia Healthcare Co., Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 37800 | &nbsp;&nbsp; 886032 |
| Ardent Health, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 31700 | &nbsp;&nbsp; 297663 |
| Astrana Health, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 48600 | &nbsp;&nbsp; 988038 |
| Aveanna Healthcare Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 10671 | &nbsp;&nbsp; 78539 |
| Billiontoone, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 21635 | &nbsp;&nbsp; 1651399 |
| Concentra Group Holdings Parent, Inc. | &nbsp;&nbsp; 39347 | &nbsp;&nbsp; 942754 |
| Cross Country Healthcare, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 31004 | &nbsp;&nbsp; 269735 |
| DocGo, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 121838 | &nbsp;&nbsp; 87480 |
| HealthEquity, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 21577 | &nbsp;&nbsp; 1650425 |
| Hims & Hers Health, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 32997 | &nbsp;&nbsp; 479116 |
| Hinge Health, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 34809 | &nbsp;&nbsp; 1488433 |
| Lumexa Imaging Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 83505 | &nbsp;&nbsp; 1180761 |
| Molina Healthcare, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9200 | &nbsp;&nbsp; 1417260 |
| National Research Corp., Class A | &nbsp;&nbsp; 41300 | &nbsp;&nbsp; 553833 |
| Total |  | &nbsp;&nbsp; 11971468 |
| **Health Care Technology 0.3%** | **Health Care Technology 0.3%** | **Health Care Technology 0.3%** |
| Definitive Healthcare Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 31326 | &nbsp;&nbsp; 40097 |
| Evolent Health, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 243397 | &nbsp;&nbsp; 791040 |
| HealthStream, Inc. | &nbsp;&nbsp; 23243 | &nbsp;&nbsp; 493449 |
| HeartFlow, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 36399 | &nbsp;&nbsp; 843001 |
| Waystar Holding Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 70034 | &nbsp;&nbsp; 1796372 |
| Total |  | &nbsp;&nbsp; 3963959 |
| **Life Sciences Tools & Services 1.9%** | **Life Sciences Tools & Services 1.9%** | **Life Sciences Tools & Services 1.9%** |
| 10X Genomics, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 255878 | &nbsp;&nbsp; 5897988 |
| Azenta, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 185786 | &nbsp;&nbsp; 5012506 |
| Codexis, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 183662 | &nbsp;&nbsp; 185499 |
| Ginkgo Bioworks Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 40319 | &nbsp;&nbsp; 272153 |
| MaxCyte, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 144027 | &nbsp;&nbsp; 116849 |
| Repligen Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 48295 | &nbsp;&nbsp; 6217015 |
| Stevanato Group SpA | &nbsp;&nbsp; 375240 | &nbsp;&nbsp; 5823725 |
| Total |  | &nbsp;&nbsp; 23525735 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Pharmaceuticals 1.9%** | **Pharmaceuticals 1.9%** | **Pharmaceuticals 1.9%** |
| ANI Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 8700 | &nbsp;&nbsp; 642930 |
| Arvinas, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 169874 | &nbsp;&nbsp; 2254228 |
| BioAge Labs, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 55326 | &nbsp;&nbsp; 1232110 |
| Biote Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 17899 | &nbsp;&nbsp; 37946 |
| Crinetics Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 76453 | &nbsp;&nbsp; 3142218 |
| LB Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 108307 | &nbsp;&nbsp; 2600451 |
| Ligand Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9004 | &nbsp;&nbsp; 1785583 |
| Organon & Co. | &nbsp;&nbsp; 127900 | &nbsp;&nbsp; 932391 |
| Pacira Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 59033 | &nbsp;&nbsp; 1293413 |
| Pliant Therapeutics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 55129 | &nbsp;&nbsp; 71668 |
| Prestige Consumer Healthcare, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 12600 | &nbsp;&nbsp; 873180 |
| Septerna, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3849 | &nbsp;&nbsp; 111698 |
| SIGA Technologies, Inc. | &nbsp;&nbsp; 123928 | &nbsp;&nbsp; 801814 |
| Spyglass Pharma, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 44477 | &nbsp;&nbsp; 1245356 |
| Supernus Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7463 | &nbsp;&nbsp; 408450 |
| Terns Pharmaceuticals, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 60975 | &nbsp;&nbsp; 2568267 |
| Veradermics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 68987 | &nbsp;&nbsp; 3163054 |
| Total |  | &nbsp;&nbsp; 23164757 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **174843089** |
| **Industrials 25.1%** | **Industrials 25.1%** | **Industrials 25.1%** |
| **Aerospace & Defense 2.2%** | **Aerospace & Defense 2.2%** | **Aerospace & Defense 2.2%** |
| Aerovironment, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9399 | &nbsp;&nbsp; 2370898 |
| Astronics Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4720 | &nbsp;&nbsp; 380526 |
| Firefly Aerospace., Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 34746 | &nbsp;&nbsp; 669556 |
| Hexcel Corp. | &nbsp;&nbsp; 28112 | &nbsp;&nbsp; 2605701 |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp; 3256 | &nbsp;&nbsp; 1447357 |
| Karman Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 44448 | &nbsp;&nbsp; 3916313 |
| Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29060 | &nbsp;&nbsp; 2504391 |
| Mercury Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 81663 | &nbsp;&nbsp; 7270457 |
| VSE Corp. | &nbsp;&nbsp; 24305 | &nbsp;&nbsp; 5518936 |
| Total |  | &nbsp;&nbsp; 26684135 |
| **Air Freight & Logistics 0.0%** | **Air Freight & Logistics 0.0%** | **Air Freight & Logistics 0.0%** |
| HUB Group, Inc., Class A | &nbsp;&nbsp; 2506 | &nbsp;&nbsp; 107933 |
| Radiant Logistics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 22611 | &nbsp;&nbsp; 167774 |
| Total |  | &nbsp;&nbsp; 275707 |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Building Products 2.9%** | **Building Products 2.9%** | **Building Products 2.9%** |
| AAON, Inc. | &nbsp;&nbsp; 69976 | &nbsp;&nbsp; 7081572 |
| American Woodmark Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17800 | &nbsp;&nbsp; 891780 |
| Apogee Enterprises, Inc. | &nbsp;&nbsp; 15600 | &nbsp;&nbsp; 621192 |
| CSW Industrials, Inc. | &nbsp;&nbsp; 25860 | &nbsp;&nbsp; 7611374 |
| Fortune Brands Innovations, Inc. | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 1086800 |
| Insteel Industries, Inc. | &nbsp;&nbsp; 15767 | &nbsp;&nbsp; 587794 |
| Janus International Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 139400 | &nbsp;&nbsp; 970224 |
| JELD-WEN Holding, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 313154 | &nbsp;&nbsp; 613782 |
| Modine Manufacturing Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; 26243 | &nbsp;&nbsp; 5963722 |
| Resideo Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 17000 | &nbsp;&nbsp; 657900 |
| Simpson Manufacturing Co., Inc. | &nbsp;&nbsp; 41692 | &nbsp;&nbsp; 8070320 |
| UFP Industries, Inc. | &nbsp;&nbsp; 11600 | &nbsp;&nbsp; 1193756 |
| Total |  | &nbsp;&nbsp; 35350216 |
| **Commercial Services & Supplies 2.3%** | **Commercial Services & Supplies 2.3%** | **Commercial Services & Supplies 2.3%** |
| ABM Industries, Inc. | &nbsp;&nbsp; 22100 | &nbsp;&nbsp; 983450 |
| Brink's Co. (The) | &nbsp;&nbsp; 9600 | &nbsp;&nbsp; 1120992 |
| Casella Waste Systems, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 154527 | &nbsp;&nbsp; 14395735 |
| Ennis, Inc. | &nbsp;&nbsp; 34548 | &nbsp;&nbsp; 729308 |
| Healthcare Services Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29700 | &nbsp;&nbsp; 646569 |
| MillerKnoll, Inc. | &nbsp;&nbsp; 28700 | &nbsp;&nbsp; 578018 |
| MSA Safety, Inc. | &nbsp;&nbsp; 43294 | &nbsp;&nbsp; 8460081 |
| Unifirst Corp. | &nbsp;&nbsp; 2600 | &nbsp;&nbsp; 610532 |
| Total |  | &nbsp;&nbsp; 27524685 |
| **Construction & Engineering 2.8%** | **Construction & Engineering 2.8%** | **Construction & Engineering 2.8%** |
| Construction Partners, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 67059 | &nbsp;&nbsp; 9010718 |
| Dycom Industries, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9249 | &nbsp;&nbsp; 3884765 |
| Fluor Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 38327 | &nbsp;&nbsp; 2004885 |
| Legence Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 25400 | &nbsp;&nbsp; 1474470 |
| MasTec, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3229 | &nbsp;&nbsp; 962307 |
| Matrix Service Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; 64510 | &nbsp;&nbsp; 708965 |
| Orion Group Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 40824 | &nbsp;&nbsp; 560513 |
| Primoris Services Corp. | &nbsp;&nbsp; 27312 | &nbsp;&nbsp; 4116465 |
| Sterling Infrastructure, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9741 | &nbsp;&nbsp; 4170414 |
| Tutor Perini Corp. | &nbsp;&nbsp; 66640 | &nbsp;&nbsp; 5022657 |
| Valmont Industries, Inc. | &nbsp;&nbsp; 6147 | &nbsp;&nbsp; 2827190 |
| Total |  | &nbsp;&nbsp; 34743349 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Electrical Equipment 1.9%** | **Electrical Equipment 1.9%** | **Electrical Equipment 1.9%** |
| Atkore, Inc. | &nbsp;&nbsp; 68222 | &nbsp;&nbsp; 4414646 |
| Bloom Energy Corp., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 39665 | &nbsp;&nbsp; 6174650 |
| Fluence Energy, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 44906 | &nbsp;&nbsp; 697839 |
| Nextpower, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 47752 | &nbsp;&nbsp; 5018735 |
| Sensata Technologies Holding | &nbsp;&nbsp; 34800 | &nbsp;&nbsp; 1299432 |
| Thermon<sup>(a)</sup> <br>| &nbsp;&nbsp; 6100 | &nbsp;&nbsp; 309758 |
| Vicor Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 28404 | &nbsp;&nbsp; 5720566 |
| Total |  | &nbsp;&nbsp; 23635626 |
| **Ground Transportation 1.3%** | **Ground Transportation 1.3%** | **Ground Transportation 1.3%** |
| ArcBest Corp. | &nbsp;&nbsp; 52737 | &nbsp;&nbsp; 5413981 |
| Covenant Logistics Group, Inc., Class A | &nbsp;&nbsp; 21170 | &nbsp;&nbsp; 623245 |
| Heartland Express, Inc. | &nbsp;&nbsp; 41800 | &nbsp;&nbsp; 461054 |
| Landstar System, Inc. | &nbsp;&nbsp; 25658 | &nbsp;&nbsp; 4180971 |
| Saia, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6562 | &nbsp;&nbsp; 2660169 |
| Schneider National, Inc., Class B | &nbsp;&nbsp; 21600 | &nbsp;&nbsp; 613008 |
| Werner Enterprises, Inc. | &nbsp;&nbsp; 45247 | &nbsp;&nbsp; 1587717 |
| Total |  | &nbsp;&nbsp; 15540145 |
| **Machinery 6.0%** | **Machinery 6.0%** | **Machinery 6.0%** |
| Albany International Corp., Class A | &nbsp;&nbsp; 15900 | &nbsp;&nbsp; 916635 |
| Atmus Filtration Technologies, Inc. | &nbsp;&nbsp; 14500 | &nbsp;&nbsp; 935685 |
| Blue Bird Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 18700 | &nbsp;&nbsp; 1089649 |
| Columbus McKinnon Corp. | &nbsp;&nbsp; 94268 | &nbsp;&nbsp; 1789207 |
| Douglas Dynamics, Inc. | &nbsp;&nbsp; 14600 | &nbsp;&nbsp; 670432 |
| EnPro, Inc. | &nbsp;&nbsp; 4650 | &nbsp;&nbsp; 1202723 |
| Esab Corp. | &nbsp;&nbsp; 27142 | &nbsp;&nbsp; 3424506 |
| ESCO Technologies, Inc. | &nbsp;&nbsp; 33232 | &nbsp;&nbsp; 9214901 |
| Federal Signal Corp. | &nbsp;&nbsp; 52610 | &nbsp;&nbsp; 6125382 |
| Graco, Inc. | &nbsp;&nbsp; 11860 | &nbsp;&nbsp; 1113891 |
| Greenbrier Companies, Inc. (The) | &nbsp;&nbsp; 23232 | &nbsp;&nbsp; 1310749 |
| Helios Technologies, Inc. | &nbsp;&nbsp; 86561 | &nbsp;&nbsp; 6173531 |
| Hillman Solutions Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 32615 | &nbsp;&nbsp; 267443 |
| Hyster-Yale Materials Handling, Inc. | &nbsp;&nbsp; 27938 | &nbsp;&nbsp; 1028957 |
| ITT, Inc. | &nbsp;&nbsp; 14025 | &nbsp;&nbsp; 2838800 |
| JBT Marel Corp. | &nbsp;&nbsp; 23965 | &nbsp;&nbsp; 3690610 |
| Kadant, Inc. | &nbsp;&nbsp; 8500 | &nbsp;&nbsp; 2882945 |
| LB Foster Co., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 13800 | &nbsp;&nbsp; 424074 |
| Lindsay Corp. | &nbsp;&nbsp; 6900 | &nbsp;&nbsp; 929430 |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Manitowoc Co., Inc. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 40923 | &nbsp;&nbsp; 603614 |
| Miller Industries, Inc. | &nbsp;&nbsp; 21219 | &nbsp;&nbsp; 891835 |
| RBC Bearings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 18277 | &nbsp;&nbsp; 10526090 |
| SPX Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 55087 | &nbsp;&nbsp; 12501444 |
| Tennant Co. | &nbsp;&nbsp; 12800 | &nbsp;&nbsp; 781184 |
| Timken Co. (The) | &nbsp;&nbsp; 11600 | &nbsp;&nbsp; 1257208 |
| Wabash National Corp. | &nbsp;&nbsp; 139070 | &nbsp;&nbsp; 1411560 |
| Total |  | &nbsp;&nbsp; 74002485 |
| **Marine Transportation 0.1%** | **Marine Transportation 0.1%** | **Marine Transportation 0.1%** |
| Matson, Inc. | &nbsp;&nbsp; 5600 | &nbsp;&nbsp; 930328 |
| **Passenger Airlines 0.7%** | **Passenger Airlines 0.7%** | **Passenger Airlines 0.7%** |
| Allegiant Travel Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; 35769 | &nbsp;&nbsp; 3653803 |
| JetBlue Airways Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 573984 | &nbsp;&nbsp; 3179872 |
| Joby Aviation, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 206516 | &nbsp;&nbsp; 2077551 |
| Total |  | &nbsp;&nbsp; 8911226 |
| **Professional Services 2.5%** | **Professional Services 2.5%** | **Professional Services 2.5%** |
| Amentum Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 896100 |
| CBIZ, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 33200 | &nbsp;&nbsp; 950848 |
| Conduent, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 342825 | &nbsp;&nbsp; 500524 |
| ExlService Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 72593 | &nbsp;&nbsp; 2268531 |
| Exponent, Inc. | &nbsp;&nbsp; 78436 | &nbsp;&nbsp; 5708572 |
| Forrester Research, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 39400 | &nbsp;&nbsp; 235612 |
| Franklin Covey Co.<sup>(a)</sup> <br>| &nbsp;&nbsp; 39260 | &nbsp;&nbsp; 511165 |
| FTI Consulting, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 414 | &nbsp;&nbsp; 68070 |
| Genpact Ltd. | &nbsp;&nbsp; 32900 | &nbsp;&nbsp; 1306788 |
| ICF International, Inc. | &nbsp;&nbsp; 15282 | &nbsp;&nbsp; 1270393 |
| Insperity, Inc. | &nbsp;&nbsp; 24900 | &nbsp;&nbsp; 553029 |
| Kelly Services, Inc., Class A | &nbsp;&nbsp; 65961 | &nbsp;&nbsp; 640481 |
| Kforce, Inc. | &nbsp;&nbsp; 72050 | &nbsp;&nbsp; 1946791 |
| Korn/Ferry International | &nbsp;&nbsp; 10500 | &nbsp;&nbsp; 658035 |
| ManpowerGroup, Inc. | &nbsp;&nbsp; 27900 | &nbsp;&nbsp; 780363 |
| MAXIMUS, Inc. | &nbsp;&nbsp; 12600 | &nbsp;&nbsp; 952686 |
| Mistras Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 24386 | &nbsp;&nbsp; 372618 |
| Paycom Software, Inc. | &nbsp;&nbsp; 10200 | &nbsp;&nbsp; 1283466 |
| Resources Connection, Inc. | &nbsp;&nbsp; 161537 | &nbsp;&nbsp; 607379 |
| Robert Half, Inc. | &nbsp;&nbsp; 67968 | &nbsp;&nbsp; 1659779 |
| Science Applications International Corp. | &nbsp;&nbsp; 10800 | &nbsp;&nbsp; 996408 |
| TrueBlue, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 160200 | &nbsp;&nbsp; 677646 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| UL Solutions, Inc., Class A | &nbsp;&nbsp; 48975 | &nbsp;&nbsp; 4112431 |
| Verra Mobility Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 102267 | &nbsp;&nbsp; 1708882 |
| Total |  | &nbsp;&nbsp; 30666597 |
| **Trading Companies & Distributors 2.4%** | **Trading Companies & Distributors 2.4%** | **Trading Companies & Distributors 2.4%** |
| Alta Equipment Group, Inc. | &nbsp;&nbsp; 39702 | &nbsp;&nbsp; 273944 |
| Applied Industrial Technologies, Inc. | &nbsp;&nbsp; 10832 | &nbsp;&nbsp; 3060907 |
| BlueLinx Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 21098 | &nbsp;&nbsp; 1390780 |
| Boise Cascade Co. | &nbsp;&nbsp; 6613 | &nbsp;&nbsp; 547160 |
| Custom Truck One Source, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 41600 | &nbsp;&nbsp; 297856 |
| DNOW, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 38500 | &nbsp;&nbsp; 453530 |
| Global Industrial Co. | &nbsp;&nbsp; 19527 | &nbsp;&nbsp; 644000 |
| Herc Holdings, Inc. | &nbsp;&nbsp; 4100 | &nbsp;&nbsp; 573139 |
| Hudson Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 54241 | &nbsp;&nbsp; 385653 |
| McGrath Rentcorp | &nbsp;&nbsp; 3200 | &nbsp;&nbsp; 355040 |
| MSC Industrial Direct Co., Inc., Class A | &nbsp;&nbsp; 13500 | &nbsp;&nbsp; 1266840 |
| NPK International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 113657 | &nbsp;&nbsp; 1640070 |
| Rush Enterprises, Inc., Class A | &nbsp;&nbsp; 78178 | &nbsp;&nbsp; 5548328 |
| SiteOne Landscape Supply, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 54995 | &nbsp;&nbsp; 7858236 |
| Titan Machinery, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 40500 | &nbsp;&nbsp; 789345 |
| Transcat, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 33213 | &nbsp;&nbsp; 2589618 |
| WESCO International, Inc. | &nbsp;&nbsp; 6097 | &nbsp;&nbsp; 1765081 |
| Total |  | &nbsp;&nbsp; 29439527 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **307704026** |
| **Information Technology 12.6%** | **Information Technology 12.6%** | **Information Technology 12.6%** |
| **Communications Equipment 1.0%** | **Communications Equipment 1.0%** | **Communications Equipment 1.0%** |
| Aviat Networks, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 37990 | &nbsp;&nbsp; 951270 |
| Digi International, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 180160 | &nbsp;&nbsp; 8795411 |
| Inseego Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4841 | &nbsp;&nbsp; 59786 |
| NETGEAR, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 88290 | &nbsp;&nbsp; 1820540 |
| Ribbon Communications, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 103367 | &nbsp;&nbsp; 230508 |
| Total |  | &nbsp;&nbsp; 11857515 |
| **Electronic Equipment, Instruments & Components 3.7%** | **Electronic Equipment, Instruments & Components 3.7%** | **Electronic Equipment, Instruments & Components 3.7%** |
| Arrow Electronics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6100 | &nbsp;&nbsp; 928176 |
| Avnet, Inc. | &nbsp;&nbsp; 19100 | &nbsp;&nbsp; 1257544 |
| Badger Meter, Inc. | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 1067010 |
| Crane NXT Co. | &nbsp;&nbsp; 41500 | &nbsp;&nbsp; 2004035 |
| ePlus, Inc. | &nbsp;&nbsp; 14500 | &nbsp;&nbsp; 1169570 |
| Fabrinet<sup>(a)</sup> <br>| &nbsp;&nbsp; 14969 | &nbsp;&nbsp; 8167535 |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Ingram Micro Holding Corp. | &nbsp;&nbsp; 39400 | &nbsp;&nbsp; 815186 |
| Insight Enterprises, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11200 | &nbsp;&nbsp; 935872 |
| Itron, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9700 | &nbsp;&nbsp; 911315 |
| Kimball Electronics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 25400 | &nbsp;&nbsp; 634746 |
| Littelfuse, Inc. | &nbsp;&nbsp; 9117 | &nbsp;&nbsp; 3213378 |
| Methode Electronics, Inc. | &nbsp;&nbsp; 77600 | &nbsp;&nbsp; 656496 |
| Mirion Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 240423 | &nbsp;&nbsp; 5195541 |
| Novanta, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 67584 | &nbsp;&nbsp; 9085317 |
| OSI Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 9782 | &nbsp;&nbsp; 2789826 |
| PC Connection, Inc. | &nbsp;&nbsp; 24441 | &nbsp;&nbsp; 1489679 |
| Sanmina Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 4200 | &nbsp;&nbsp; 652092 |
| Scansource, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 68443 | &nbsp;&nbsp; 2517334 |
| SmartRent, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 341771 | &nbsp;&nbsp; 519492 |
| Vishay Intertechnology, Inc. | &nbsp;&nbsp; 49800 | &nbsp;&nbsp; 932256 |
| Vontier Corp. | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 1023000 |
| Total |  | &nbsp;&nbsp; 45965400 |
| **IT Services 0.7%** | **IT Services 0.7%** | **IT Services 0.7%** |
| Amdocs Ltd. | &nbsp;&nbsp; 18200 | &nbsp;&nbsp; 1270360 |
| Applied Digital Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 39421 | &nbsp;&nbsp; 1075011 |
| ASGN, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 30500 | &nbsp;&nbsp; 1308450 |
| DigitalOcean Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 70740 | &nbsp;&nbsp; 3965684 |
| Grid Dynamics Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 82100 | &nbsp;&nbsp; 554175 |
| Unisys Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 116777 | &nbsp;&nbsp; 283768 |
| Total |  | &nbsp;&nbsp; 8457448 |
| **Semiconductors & Semiconductor Equipment 2.6%** | **Semiconductors & Semiconductor Equipment 2.6%** | **Semiconductors & Semiconductor Equipment 2.6%** |
| ACM Research, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 52252 | &nbsp;&nbsp; 2909391 |
| Allegro MicroSystems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 106107 | &nbsp;&nbsp; 3869722 |
| Alpha & Omega Semiconductor Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 15884 | &nbsp;&nbsp; 333723 |
| Cirrus Logic, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6045 | &nbsp;&nbsp; 853071 |
| Credo Technology Group Holding Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 34142 | &nbsp;&nbsp; 3833122 |
| MACOM Technology Solutions Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14064 | &nbsp;&nbsp; 3489560 |
| MKS, Inc. | &nbsp;&nbsp; 17148 | &nbsp;&nbsp; 4192000 |
| Navitas Semiconductor Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 85727 | &nbsp;&nbsp; 771543 |
| Onto Innovation, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 13917 | &nbsp;&nbsp; 3004541 |
| Photronics, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 33700 | &nbsp;&nbsp; 1261391 |
| Rambus, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 40334 | &nbsp;&nbsp; 4019687 |
| Rigetti Computing, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 47038 | &nbsp;&nbsp; 819402 |
| Semtech Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29505 | &nbsp;&nbsp; 2661941 |
| Total |  | &nbsp;&nbsp; 32019094 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Software 4.6%** | **Software 4.6%** | **Software 4.6%** |
| ACI Worldwide, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 23000 | &nbsp;&nbsp; 912640 |
| Agilysys, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 55123 | &nbsp;&nbsp; 3978227 |
| Arteris, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 55462 | &nbsp;&nbsp; 942299 |
| Blackline, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 167812 | &nbsp;&nbsp; 5915373 |
| Box, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 81022 | &nbsp;&nbsp; 1908068 |
| Braze, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 55069 | &nbsp;&nbsp; 1045760 |
| CCC Intelligent Solutions Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 235490 | &nbsp;&nbsp; 1372907 |
| Clear Secure, Inc., Class A | &nbsp;&nbsp; 58931 | &nbsp;&nbsp; 2866404 |
| CommVault Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 14920 | &nbsp;&nbsp; 1269394 |
| Core Scientific, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 79443 | &nbsp;&nbsp; 1348148 |
| CS Disco, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 29502 | &nbsp;&nbsp; 95882 |
| Descartes Systems Group, Inc. (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 101770 | &nbsp;&nbsp; 6742262 |
| Dolby Laboratories, Inc., Class A | &nbsp;&nbsp; 14600 | &nbsp;&nbsp; 971922 |
| Domo, Inc., Class B<sup>(a)</sup> <br>| &nbsp;&nbsp; 91735 | &nbsp;&nbsp; 329329 |
| Dropbox, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 63578 | &nbsp;&nbsp; 1588814 |
| D-Wave Quantum, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 45900 | &nbsp;&nbsp; 862002 |
| eGain Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 46113 | &nbsp;&nbsp; 430695 |
| Expensify, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 16742 | &nbsp;&nbsp; 15907 |
| Gitlab, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 30915 | &nbsp;&nbsp; 813064 |
| JFrog Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 69413 | &nbsp;&nbsp; 2786932 |
| N-Able, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 261708 | &nbsp;&nbsp; 1151515 |
| nCino, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 118890 | &nbsp;&nbsp; 1918885 |
| Nutanix, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 37035 | &nbsp;&nbsp; 1417700 |
| OneSpan, Inc. | &nbsp;&nbsp; 99010 | &nbsp;&nbsp; 1093070 |
| Pegasystems, Inc. | &nbsp;&nbsp; 10372 | &nbsp;&nbsp; 453568 |
| Procore Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 26496 | &nbsp;&nbsp; 1458340 |
| Q2 Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 79230 | &nbsp;&nbsp; 3812548 |
| Rimini Street, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 66342 | &nbsp;&nbsp; 246792 |
| SentinelOne, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 112617 | &nbsp;&nbsp; 1477535 |
| Telos Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 69665 | &nbsp;&nbsp; 280053 |
| Varonis Systems, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 50407 | &nbsp;&nbsp; 1164402 |
| Vertex, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 99790 | &nbsp;&nbsp; 1444959 |
| Workiva, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 51795 | &nbsp;&nbsp; 3189536 |
| Xperi, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 136980 | &nbsp;&nbsp; 839687 |
| Total |  | &nbsp;&nbsp; 56144619 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **154444076** |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Materials 3.7%** | **Materials 3.7%** | **Materials 3.7%** |
| **Chemicals 1.8%** | **Chemicals 1.8%** | **Chemicals 1.8%** |
| AdvanSix, Inc. | &nbsp;&nbsp; 5177 | &nbsp;&nbsp; 92306 |
| Albemarle Corp. | &nbsp;&nbsp; 2796 | &nbsp;&nbsp; 499561 |
| American Vanguard Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 32400 | &nbsp;&nbsp; 149364 |
| Arq, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 75596 | &nbsp;&nbsp; 265342 |
| Axalta Coating Systems Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 36600 | &nbsp;&nbsp; 1222806 |
| Balchem Corp. | &nbsp;&nbsp; 53987 | &nbsp;&nbsp; 9794861 |
| Cabot Corp. | &nbsp;&nbsp; 5200 | &nbsp;&nbsp; 395928 |
| Celanese Corp., Class A | &nbsp;&nbsp; 10059 | &nbsp;&nbsp; 502347 |
| Core Molding Technologies, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 11931 | &nbsp;&nbsp; 217741 |
| Ecovyst, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 1239700 |
| HB Fuller Co. | &nbsp;&nbsp; 18700 | &nbsp;&nbsp; 1228964 |
| Huntsman Corp. | &nbsp;&nbsp; 95800 | &nbsp;&nbsp; 1211870 |
| Innospec, Inc. | &nbsp;&nbsp; 14100 | &nbsp;&nbsp; 1079778 |
| Koppers Holdings, Inc. | &nbsp;&nbsp; 11187 | &nbsp;&nbsp; 422869 |
| Kronos Worldwide, Inc. | &nbsp;&nbsp; 50693 | &nbsp;&nbsp; 294526 |
| Mativ Holdings, Inc. | &nbsp;&nbsp; 59996 | &nbsp;&nbsp; 650357 |
| Olin Corp. | &nbsp;&nbsp; 49100 | &nbsp;&nbsp; 1245667 |
| Orion SA | &nbsp;&nbsp; 54341 | &nbsp;&nbsp; 309200 |
| Scotts Miracle-Gro Co. (The), Class A | &nbsp;&nbsp; 11510 | &nbsp;&nbsp; 807081 |
| Stepan Co. | &nbsp;&nbsp; 3572 | &nbsp;&nbsp; 181779 |
| Total |  | &nbsp;&nbsp; 21812047 |
| **Construction Materials 0.4%** | **Construction Materials 0.4%** | **Construction Materials 0.4%** |
| Eagle Materials, Inc. | &nbsp;&nbsp; 12131 | &nbsp;&nbsp; 2714917 |
| James Hardie Industries PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 92448 | &nbsp;&nbsp; 2251109 |
| Total |  | &nbsp;&nbsp; 4966026 |
| **Containers & Packaging 0.3%** | **Containers & Packaging 0.3%** | **Containers & Packaging 0.3%** |
| Ardagh Metal Packaging SA | &nbsp;&nbsp; 298635 | &nbsp;&nbsp; 1448380 |
| Graphic Packaging Holding Co. | &nbsp;&nbsp; 32800 | &nbsp;&nbsp; 401144 |
| Myers Industries, Inc. | &nbsp;&nbsp; 42600 | &nbsp;&nbsp; 952962 |
| Sonoco Products Co. | &nbsp;&nbsp; 16900 | &nbsp;&nbsp; 954343 |
| TriMas Corp. | &nbsp;&nbsp; 17000 | &nbsp;&nbsp; 664360 |
| Total |  | &nbsp;&nbsp; 4421189 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Metals & Mining 1.0%** | **Metals & Mining 1.0%** | **Metals & Mining 1.0%** |
| Caledonia Mining Corp. PLC | &nbsp;&nbsp; 20945 | &nbsp;&nbsp; 664794 |
| Commercial Metals Co. | &nbsp;&nbsp; 91770 | &nbsp;&nbsp; 6726741 |
| Ferroglobe PLC | &nbsp;&nbsp; 270108 | &nbsp;&nbsp; 1380252 |
| Kaiser Aluminum Corp. | &nbsp;&nbsp; 8900 | &nbsp;&nbsp; 1158246 |
| Reliance, Inc. | &nbsp;&nbsp; 1647 | &nbsp;&nbsp; 519859 |
| Ryerson Holding Corp. | &nbsp;&nbsp; 10110 | &nbsp;&nbsp; 264478 |
| Worthington Steel, Inc. | &nbsp;&nbsp; 26495 | &nbsp;&nbsp; 1101132 |
| Total |  | &nbsp;&nbsp; 11815502 |
| **Paper & Forest Products 0.2%** | **Paper & Forest Products 0.2%** | **Paper & Forest Products 0.2%** |
| Clearwater Paper Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 43571 | &nbsp;&nbsp; 653129 |
| Louisiana-Pacific Corp. | &nbsp;&nbsp; 3608 | &nbsp;&nbsp; 305742 |
| Magnera Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 97648 | &nbsp;&nbsp; 1264542 |
| Sylvamo Corp. | &nbsp;&nbsp; 17300 | &nbsp;&nbsp; 800990 |
| Total |  | &nbsp;&nbsp; 3024403 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **46039167** |
| **Real Estate 3.4%** | **Real Estate 3.4%** | **Real Estate 3.4%** |
| **Diversified REITs 0.2%** | **Diversified REITs 0.2%** | **Diversified REITs 0.2%** |
| Alpine Income Properties Trust, Inc. | &nbsp;&nbsp; 17984 | &nbsp;&nbsp; 354645 |
| American Assets Trust, Inc. | &nbsp;&nbsp; 86116 | &nbsp;&nbsp; 1680984 |
| Total |  | &nbsp;&nbsp; 2035629 |
| **Health Care REITs 0.1%** | **Health Care REITs 0.1%** | **Health Care REITs 0.1%** |
| Community Healthcare Trust, Inc. | &nbsp;&nbsp; 34313 | &nbsp;&nbsp; 586409 |
| LTC Properties, Inc. | &nbsp;&nbsp; 6686 | &nbsp;&nbsp; 265301 |
| Total |  | &nbsp;&nbsp; 851710 |
| **Hotel & Resort REITs 0.6%** | **Hotel & Resort REITs 0.6%** | **Hotel & Resort REITs 0.6%** |
| Braemar Hotels & Resorts, Inc. | &nbsp;&nbsp; 62688 | &nbsp;&nbsp; 182422 |
| Chatham Lodging Trust | &nbsp;&nbsp; 70155 | &nbsp;&nbsp; 540895 |
| DiamondRock Hospitality Co. | &nbsp;&nbsp; 62200 | &nbsp;&nbsp; 624488 |
| Park Hotels & Resorts, Inc. | &nbsp;&nbsp; 113200 | &nbsp;&nbsp; 1280292 |
| Pebblebrook Hotel Trust | &nbsp;&nbsp; 73600 | &nbsp;&nbsp; 944288 |
| Sunstone Hotel Investors, Inc. | &nbsp;&nbsp; 227727 | &nbsp;&nbsp; 2113307 |
| Xenia Hotels & Resorts, Inc. | &nbsp;&nbsp; 143469 | &nbsp;&nbsp; 2192206 |
| Total |  | &nbsp;&nbsp; 7877898 |
| **Industrial REITs 0.3%** | **Industrial REITs 0.3%** | **Industrial REITs 0.3%** |
| Terreno Realty Corp. | &nbsp;&nbsp; 56301 | &nbsp;&nbsp; 3719244 |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Office REITs 0.4%** | **Office REITs 0.4%** | **Office REITs 0.4%** |
| Douglas Emmett, Inc. | &nbsp;&nbsp; 103200 | &nbsp;&nbsp; 1020648 |
| Easterly Government Properties, Inc. | &nbsp;&nbsp; 64465 | &nbsp;&nbsp; 1500745 |
| Empire State Realty Trust, Inc., Class A | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 617400 |
| Orion Properties, Inc. | &nbsp;&nbsp; 3192 | &nbsp;&nbsp; 7948 |
| Vornado Realty Trust | &nbsp;&nbsp; 42800 | &nbsp;&nbsp; 1180424 |
| Total |  | &nbsp;&nbsp; 4327165 |
| **Real Estate Management & Development 1.2%** | **Real Estate Management & Development 1.2%** | **Real Estate Management & Development 1.2%** |
| Compass, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 310025 | &nbsp;&nbsp; 3022744 |
| FirstService Corp. | &nbsp;&nbsp; 62435 | &nbsp;&nbsp; 9837883 |
| Forestar Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 40225 | &nbsp;&nbsp; 1155262 |
| RE/MAX Holdings, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 25622 | &nbsp;&nbsp; 161162 |
| RMR Group, Inc. (The), Class A | &nbsp;&nbsp; 8539 | &nbsp;&nbsp; 139869 |
| Seritage Growth Properties, Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 115200 | &nbsp;&nbsp; 340992 |
| Zillow Group, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 7649 | &nbsp;&nbsp; 342675 |
| Total |  | &nbsp;&nbsp; 15000587 |
| **Residential REITs 0.1%** | **Residential REITs 0.1%** | **Residential REITs 0.1%** |
| American Homes 4 Rent, Class A | &nbsp;&nbsp; 24742 | &nbsp;&nbsp; 742260 |
| NexPoint Residential Trust, Inc. | &nbsp;&nbsp; 21614 | &nbsp;&nbsp; 609299 |
| Total |  | &nbsp;&nbsp; 1351559 |
| **Retail REITs 0.5%** | **Retail REITs 0.5%** | **Retail REITs 0.5%** |
| InvenTrust Properties Corp. | &nbsp;&nbsp; 58919 | &nbsp;&nbsp; 1838273 |
| Phillips Edison & Co., Inc. | &nbsp;&nbsp; 55329 | &nbsp;&nbsp; 2173323 |
| SITE Centers Corp. | &nbsp;&nbsp; 254829 | &nbsp;&nbsp; 1569746 |
| Whitestone REIT | &nbsp;&nbsp; 59299 | &nbsp;&nbsp; 900752 |
| Total |  | &nbsp;&nbsp; 6482094 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **41645886** |
| **Utilities 1.6%** | **Utilities 1.6%** | **Utilities 1.6%** |
| **Electric Utilities 0.2%** | **Electric Utilities 0.2%** | **Electric Utilities 0.2%** |
| Genie Energy Ltd., Class B | &nbsp;&nbsp; 39946 | &nbsp;&nbsp; 580416 |
| Otter Tail Corp. | &nbsp;&nbsp; 9400 | &nbsp;&nbsp; 799940 |
| Portland General Electric Co. | &nbsp;&nbsp; 23800 | &nbsp;&nbsp; 1284248 |
| Total |  | &nbsp;&nbsp; 2664604 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Gas Utilities 0.6%** | **Gas Utilities 0.6%** | **Gas Utilities 0.6%** |
| New Jersey Resources Corp. | &nbsp;&nbsp; 23200 | &nbsp;&nbsp; 1258368 |
| Northwest Natural Holding Co. | &nbsp;&nbsp; 25200 | &nbsp;&nbsp; 1336608 |
| ONE Gas, Inc. | &nbsp;&nbsp; 10100 | &nbsp;&nbsp; 883144 |
| Southwest Gas Holdings, Inc. | &nbsp;&nbsp; 36871 | &nbsp;&nbsp; 3250916 |
| Spire, Inc. | &nbsp;&nbsp; 14000 | &nbsp;&nbsp; 1282540 |
| Total |  | &nbsp;&nbsp; 8011576 |
| **Multi-Utilities 0.4%** | **Multi-Utilities 0.4%** | **Multi-Utilities 0.4%** |
| Avista Corp. | &nbsp;&nbsp; 62831 | &nbsp;&nbsp; 2552195 |
| Black Hills Corp. | &nbsp;&nbsp; 17100 | &nbsp;&nbsp; 1259586 |
| Northwestern Energy Group, Inc. | &nbsp;&nbsp; 9000 | &nbsp;&nbsp; 629640 |
| Unitil Corp. | &nbsp;&nbsp; 14300 | &nbsp;&nbsp; 748033 |
| Total |  | &nbsp;&nbsp; 5189454 |
| **Water Utilities 0.4%** | **Water Utilities 0.4%** | **Water Utilities 0.4%** |
| American States Water Co. | &nbsp;&nbsp; 21174 | &nbsp;&nbsp; 1578098 |
| Artesian Resources Corp., Class A | &nbsp;&nbsp; 9700 | &nbsp;&nbsp; 328636 |
| California Water Service Group | &nbsp;&nbsp; 24555 | &nbsp;&nbsp; 1106939 |
| H2O America | &nbsp;&nbsp; 25426 | &nbsp;&nbsp; 1367665 |
| Total |  | &nbsp;&nbsp; 4381338 |
| **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **20246972** |
| Total Common Stocks <br>(Cost $1,090,255,331) | Total Common Stocks <br>(Cost $1,090,255,331) | &nbsp;&nbsp; **1209280407** |
| **Money Market Funds 1.4%** | **Money Market Funds 1.4%** | **Money Market Funds 1.4%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(b),(c)</sup> <br>| &nbsp;&nbsp; 17468456 | &nbsp;&nbsp; 17464962 |
| Total Money Market Funds <br>(Cost $17,463,241) | Total Money Market Funds <br>(Cost $17,463,241) | &nbsp;&nbsp; **17464962** |
| **Total Investments in Securities** <br>**(Cost: $1,107,718,572)** | **Total Investments in Securities** <br>**(Cost: $1,107,718,572)** | &nbsp;&nbsp; **1226745369** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(104002)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **1226641367** |

---

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

Multi-Manager Small Cap Equity Strategies 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% |
|  | 11409182 | &nbsp;&nbsp; 151009954 | &nbsp;&nbsp; (144955907)<br>| &nbsp;&nbsp; 1733 | &nbsp;&nbsp; 17464962 | &nbsp;&nbsp; (595)<br>| &nbsp;&nbsp; 356623 | &nbsp;&nbsp; 17468456 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt

**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.

Multi-Manager Small Cap Equity Strategies 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** |  |  |  |  |
| Common Stocks |  |  |  |  |
| Communication Services | 23112474 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23112474 |
| Consumer Discretionary | 130982353 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 130982353 |
| Consumer Staples | 36771806 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 36771806 |
| Energy | 64076454 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 64076454 |
| Financials | 209414104 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 209414104 |
| Health Care | 174843089 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 174843089 |
| Industrials | 307704026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 307704026 |
| Information Technology | 154444076 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 154444076 |
| Materials | 46039167 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 46039167 |
| Real Estate | 41645886 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 41645886 |
| Utilities | 20246972 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20246972 |
| Total Common Stocks | 1209280407 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1209280407 |
| Money Market Funds | 17464962 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17464962 |
| Total Investments in Securities | 1226745369 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1226745369 |

---

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.

Multi-Manager Small Cap Equity Strategies 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 $1,090,255,331) | $1209280407 |
| Affiliated issuers (cost $17,463,241) | 17464962 |
| Receivable for: |  |
| Investments sold | 3136386 |
| Capital shares sold | 480332 |
| Dividends | 777011 |
| Foreign tax reclaims | 901 |
| Expense reimbursement due from Investment Manager | 6557 |
| Prepaid expenses | 5643 |
| Deferred compensation of board members | 194697 |
| Other assets | 9931 |
| Total assets | 1231356827 |
| **Liabilities** |  |
| Due to custodian | 41120 |
| Payable for: |  |
| Investments purchased | 2972742 |
| Capital shares redeemed | 1033812 |
| Management services fees | 28373 |
| Transfer agent fees | 256001 |
| Compensation of chief compliance officer | 131 |
| Compensation of board members | 3226 |
| Other expenses | 123981 |
| Deferred compensation of board members | 256074 |
| Total liabilities | 4715460 |
| **Net assets applicable to outstanding capital stock** | **$1226641367** |
| **Represented by** |  |
| Paid in capital | 1088642392 |
| Total distributable earnings (loss) | 137998975 |
| **Total - representing net assets applicable to outstanding capital stock** | **$1226641367** |
| **Institutional Class** |  |
| Net assets | $1226641367 |
| Shares outstanding | 75597769 |
| Net asset value per share | $16.23 |

---

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

Multi-Manager Small Cap Equity Strategies 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 | $9141458 |
| Dividends — affiliated issuers | 356623 |
| Foreign taxes withheld | (32657)<br>|
| Total income | 9465424 |
| Expenses: |  |
| Management services fees | 6175958 |
| Transfer agent fees |  |
| Institutional Class | 2105027 |
| Custodian fees | 35669 |
| Printing and postage fees | 139783 |
| Registration fees | 27707 |
| Accounting services fees | 28477 |
| Legal fees | 20709 |
| Compensation of chief compliance officer | 131 |
| Compensation of board members | 13599 |
| Deferred compensation of board members | 9200 |
| Other | 15118 |
| Total expenses | 8571378 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (1185708)<br>|
| Total net expenses | 7385670 |
| **Net investment income** | 2079754 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 66852414 |
| Investments — affiliated issuers | (595)<br>|
| Net realized gain | 66851819 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 31041311 |
| Investments — affiliated issuers | 1733 |
| Net change in unrealized appreciation (depreciation) | 31043044 |
| Net realized and unrealized gain | 97894863 |
| **Net increase in net assets resulting from operations** | **$99974617** |

---

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

Multi-Manager Small Cap Equity Strategies 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 | $2079754 | &nbsp;&nbsp; $5383152 |
| Net realized gain | 66851819 | &nbsp;&nbsp; 111445913 |
| Net change in unrealized appreciation (depreciation) | 31043044 | &nbsp;&nbsp; (85341365)<br>|
| Net increase in net assets resulting from operations | 99974617 | &nbsp;&nbsp; 31487700 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Institutional Class | (121961600)<br>| &nbsp;&nbsp; (56134844)<br>|
| Total distributions to shareholders | (121961600)<br>| &nbsp;&nbsp; (56134844)<br>|
| Decrease in net assets from capital stock activity | (252325732)<br>| &nbsp;&nbsp; (123036605)<br>|
| Total decrease in net assets | (274312715)<br>| &nbsp;&nbsp; (147683749)<br>|
| Net assets at beginning of period | 1500954082 | &nbsp;&nbsp; 1648637831 |
| **Net assets at end of period** | **$1226641367** | &nbsp;&nbsp; **$1500954082** |

---

&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** |
| Institutional Class |  |  |  |  |
| Shares sold | 6309411 | &nbsp;&nbsp;&nbsp;&nbsp; 101949575 | &nbsp;&nbsp;&nbsp;&nbsp; 71205622 | &nbsp;&nbsp;&nbsp;&nbsp; 1138434180 |
| Distributions reinvested | 7888849 | &nbsp;&nbsp;&nbsp;&nbsp; 121961600 | &nbsp;&nbsp;&nbsp;&nbsp; 3215054 | &nbsp;&nbsp;&nbsp;&nbsp; 56134843 |
| Shares redeemed | (29122266)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (476236907)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (82162011)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1317605628)<br>|
| Net decrease | (14924006)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (252325732)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (7741335)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (123036605)<br>|
| **Total net decrease** | **(14924006)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(252325732)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(7741335)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(123036605)**<br>|

---

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

Multi-Manager Small Cap Equity Strategies 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%.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Institutional Class** | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** |
| **Institutional Class** | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Per share data** |  |  |  |  |  |  |
| Net asset value, beginning of period | $16.58 | &nbsp;&nbsp;&nbsp; $16.78 | &nbsp;&nbsp;&nbsp; $14.94 | &nbsp;&nbsp;&nbsp; $15.55 | &nbsp;&nbsp;&nbsp; $21.62 | &nbsp;&nbsp;&nbsp; $14.76 |
| **Income (loss) from investment operations:** |  |  |  |  |  |  |
| Net investment income | 0.02 | &nbsp;&nbsp;&nbsp;&nbsp;0.04 | &nbsp;&nbsp;&nbsp;&nbsp;0.04 | &nbsp;&nbsp;&nbsp;&nbsp;0.07 | &nbsp;&nbsp;&nbsp;&nbsp;0.02 | &nbsp;&nbsp;&nbsp;&nbsp;0.00 |
| Net realized and unrealized gain (loss) | 0.99 | &nbsp;&nbsp;&nbsp;&nbsp;0.26 | &nbsp;&nbsp;&nbsp;&nbsp;2.12 | &nbsp;&nbsp;&nbsp;&nbsp;0.74 | &nbsp;&nbsp;&nbsp; (2.85)<br>| &nbsp;&nbsp;&nbsp;&nbsp;6.92 |
| Total from investment operations | 1.01 | &nbsp;&nbsp;&nbsp;&nbsp;0.30 | &nbsp;&nbsp;&nbsp;&nbsp;2.16 | &nbsp;&nbsp;&nbsp;&nbsp;0.81 | &nbsp;&nbsp;&nbsp; (2.83)<br>| &nbsp;&nbsp;&nbsp;&nbsp;6.92 |
| **Distributions to shareholders** |  |  |  |  |  |  |
| Distributions from net investment income | (0.11)<br>| &nbsp;&nbsp;&nbsp; (0.07)<br>| &nbsp;&nbsp;&nbsp; (0.10)<br>| &nbsp;&nbsp;&nbsp; (0.05)<br>| &nbsp;&nbsp;&nbsp; (0.01)<br>| &nbsp;&nbsp;&nbsp; (0.06)<br>|
| Distributions from net realized gains | (1.25)<br>| &nbsp;&nbsp;&nbsp; (0.43)<br>| &nbsp;&nbsp;&nbsp; (0.22)<br>| &nbsp;&nbsp;&nbsp; (1.37)<br>| &nbsp;&nbsp;&nbsp; (3.23)<br>| &nbsp;&nbsp;&nbsp; — |
| Total distributions to shareholders | (1.36)<br>| &nbsp;&nbsp;&nbsp; (0.50)<br>| &nbsp;&nbsp;&nbsp; (0.32)<br>| &nbsp;&nbsp;&nbsp; (1.42)<br>| &nbsp;&nbsp;&nbsp; (3.24)<br>| &nbsp;&nbsp;&nbsp; (0.06)<br>|
| Net asset value, end of period | $16.23 | &nbsp;&nbsp;&nbsp; $16.58 | &nbsp;&nbsp;&nbsp; $16.78 | &nbsp;&nbsp;&nbsp; $14.94 | &nbsp;&nbsp;&nbsp; $15.55 | &nbsp;&nbsp;&nbsp; $21.62 |
| Total return | 6.47<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.64<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.77<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.83<br> %<br>| &nbsp;&nbsp;&nbsp; (15.57<br> %)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 46.94<br> %<br>|
| **Ratios to average net assets** |  |  |  |  |  |  |
| Total gross expenses<sup>(a)</sup> <br>| 1.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.05 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.16 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.17 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.17 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.13 %<sup>(b)</sup><br>|
| Total net expenses<sup>(a),(c)</sup> <br>| 0.98<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99 %<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99 %<sup>(b)</sup><br>|
| Net investment income  | 0.28<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.27<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.25<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.51<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.13<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.01<br> %<br>|
| **Supplemental data** |  |  |  |  |  |  |
| Net assets, end of period (in thousands) | $1226641 | &nbsp;&nbsp;&nbsp; $1500954 | &nbsp;&nbsp;&nbsp; $1648638 | &nbsp;&nbsp;&nbsp; $1390157 | &nbsp;&nbsp;&nbsp; $1285101 | &nbsp;&nbsp;&nbsp; $1483609 |
| Portfolio turnover | 29<br> %<br>| &nbsp;&nbsp;&nbsp; 109<br> %<br>| &nbsp;&nbsp;&nbsp; 66<br> %<br>| &nbsp;&nbsp;&nbsp; 74<br> %<br>| &nbsp;&nbsp;&nbsp; 59<br> %<br>| &nbsp;&nbsp;&nbsp; 59<br> %<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) | Ratios include interfund lending expense which is less than 0.01%. |
| (c) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.  |

---

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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Multi-Manager Small Cap Equity Strategies Fund (the Fund), a series of Columbia Funds Series Trust I (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 is offered only through certain wrap fee programs sponsored and/or managed by Ameriprise Financial, Inc. (Ameriprise Financial) or its affiliates. The Fund offers the share class listed in the Statement of Assets and Liabilities which is not subject to any front-end sales charge or contingent deferred sales charge.

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 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

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

**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.

Multi-Manager Small Cap Equity Strategies 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 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.

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 subadvisers (see Subadvisory agreements below) have 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 0.75% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.82% of the Fund's average daily net assets.

**Subadvisory agreements**

The Investment Manager has entered into Subadvisory Agreements with Conestoga Capital Advisors, LLC, Hotchkis and Wiley Capital Management, LLC, J.P. Morgan Investment Management Inc. and Jacobs Levy Equity Management, Inc., each of which subadvises a portion of the assets of the Fund. New investments in the Fund, net of any redemptions, are allocated in accordance with the Investment Manager's determination. Each subadviser's proportionate share of investments in the Fund will vary due to market fluctuations. The Investment Manager compensates each subadviser to manage the investment of the Fund's assets.

Multi-Manager Small Cap Equity Strategies 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.

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

---

| | |
|:---|:---|
|  | **Effective rate (%)** |
| Institutional Class | 0.28 |

---

**Distribution and service fees**

The Fund has 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 Fund does not pay the Distributor a fee for the distribution services it provides to the Fund.

Multi-Manager Small Cap Equity Strategies 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; **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;&nbsp;&nbsp; **Prior to** <br>**January 1, 2026 (%)**<br>|
| 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;0.96 | &nbsp;&nbsp;&nbsp;&nbsp;&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>|
| 1107719000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206521000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (87494000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119027000 |

---

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 $418,515,402 and $797,193,379, 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.

Brokerage commissions paid to brokers affiliated with the Investment Manager of the Fund were $19,188 for the six months ended February 28, 2026.

Multi-Manager Small Cap Equity Strategies 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,

Multi-Manager Small Cap Equity Strategies 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, affiliated shareholders of record owned 100.0% 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 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.

Multi-Manager Small Cap Equity Strategies Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

**Multi-Manager Small Cap Equity Strategies Fund**

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787imgefdbee532.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/

SAR102_08_T01_(04/26)

------

![](g469787img36207fc21.jpg)

Multi-Manager Alternative Strategies 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;

---

| | |
|:---|:---|
| [Consolidated Portfolio of Investments](#xx_91e0efe4-56a1-4945-b554-7c3d8901dadd_POI-CommonContent-Date-1_1) | 3 |
| [Consolidated Statement of Assets and Liabilities](#xx_91e0efe4-56a1-4945-b554-7c3d8901dadd_FS-CommonContent-Date-1_1) | 47 |
| [Consolidated Statement of Operations](#xx_91e0efe4-56a1-4945-b554-7c3d8901dadd_FS-CommonContent-Date-1_2) | 48 |
| [Consolidated Statement of Changes in Net Assets](#xx_91e0efe4-56a1-4945-b554-7c3d8901dadd_FS-CommonContent-Date-1_3) | 49 |
| [Consolidated Financial Highlights](#xx_91e0efe4-56a1-4945-b554-7c3d8901dadd_FIHI-CommonContent-Date-1_1) | 50 |
| [Notes to Consolidated Financial Statements](#xx_91e0efe4-56a1-4945-b554-7c3d8901dadd_NTF-CommonContent-Date-1_1) | 52 |
| [Approval of Management and Subadvisory Agreements](#xx_91e0efe4-56a1-4945-b554-7c3d8901dadd_CCH-CommonContent-Date-1_1) | 69 |

---

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated 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;

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency 3.9%** | **Asset-Backed Securities - Non-Agency 3.9%** | **Asset-Backed Securities - Non-Agency 3.9%** | **Asset-Backed Securities - Non-Agency 3.9%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| AIMCO CLO Ltd.<sup>(a),(b)</sup>  | AIMCO CLO Ltd.<sup>(a),(b)</sup>  | AIMCO CLO Ltd.<sup>(a),(b)</sup>  | AIMCO CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2024-10A Class BRR | Series 2024-10A Class BRR | Series 2024-10A Class BRR | Series 2024-10A Class BRR |
| 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>07/22/2037<br>| &nbsp;&nbsp; 5.419% | 450000 | &nbsp;&nbsp; 451032 |
| Aligned Data Centers Issuer LLC<sup>(a)</sup>  | Aligned Data Centers Issuer LLC<sup>(a)</sup>  | Aligned Data Centers Issuer LLC<sup>(a)</sup>  | Aligned Data Centers Issuer LLC<sup>(a)</sup>  |
| Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 |
| 08/15/2046 | &nbsp;&nbsp; 1.937% | 388000 | &nbsp;&nbsp; 383425 |
| Allegro CLO Ltd.<sup>(a),(b)</sup>  | Allegro CLO Ltd.<sup>(a),(b)</sup>  | Allegro CLO Ltd.<sup>(a),(b)</sup>  | Allegro CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2016 Class C | Series 2016 Class C | Series 2016 Class C | Series 2016 Class C |
| 3-month Term SOFR + 2.700% <br>Floor 2.700% <br>04/25/2037<br>| &nbsp;&nbsp; 6.368% | 550000 | &nbsp;&nbsp; 551549 |
| Series 2024-2A Class B1 | Series 2024-2A Class B1 | Series 2024-2A Class B1 | Series 2024-2A Class B1 |
| 3-month Term SOFR + 1.900% <br>Floor 1.900% <br>07/24/2037<br>| &nbsp;&nbsp; 5.568% | 500000 | &nbsp;&nbsp; 501060 |
| ALLO Issuer LLC<sup>(a)</sup>  | ALLO Issuer LLC<sup>(a)</sup>  | ALLO Issuer LLC<sup>(a)</sup>  | ALLO Issuer LLC<sup>(a)</sup>  |
| Series 2023-1A Class C | Series 2023-1A Class C | Series 2023-1A Class C | Series 2023-1A Class C |
| 06/20/2053 | &nbsp;&nbsp; 12.180% | 163000 | &nbsp;&nbsp; 171230 |
| Series 2024-1A Class C | Series 2024-1A Class C | Series 2024-1A Class C | Series 2024-1A Class C |
| 07/20/2054 | &nbsp;&nbsp; 11.190% | 342200 | &nbsp;&nbsp; 364239 |
| Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C |
| 04/20/2055 | &nbsp;&nbsp; 8.100% | 425000 | &nbsp;&nbsp; 438780 |
| Apidos CLO XI<sup>(a),(c)</sup>  | Apidos CLO XI<sup>(a),(c)</sup>  | Apidos CLO XI<sup>(a),(c)</sup>  | Apidos CLO XI<sup>(a),(c)</sup>  |
| Subordinated Series 2011A Class SUB | Subordinated Series 2011A Class SUB | Subordinated Series 2011A Class SUB | Subordinated Series 2011A Class SUB |
| 04/17/2034 | &nbsp;&nbsp; 4.000% | 1225000 | &nbsp;&nbsp; 203703 |
| APL Finance DAC<sup>(a)</sup>  | APL Finance DAC<sup>(a)</sup>  | APL Finance DAC<sup>(a)</sup>  | APL Finance DAC<sup>(a)</sup>  |
| Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C |
| 03/20/2036 | &nbsp;&nbsp; 5.820% | 655000 | &nbsp;&nbsp; 660047 |
| AutoNation Finance Trust<sup>(a)</sup>  | AutoNation Finance Trust<sup>(a)</sup>  | AutoNation Finance Trust<sup>(a)</sup>  | AutoNation Finance Trust<sup>(a)</sup>  |
| Series 2026-1A Class D | Series 2026-1A Class D | Series 2026-1A Class D | Series 2026-1A Class D |
| 01/11/2034 | &nbsp;&nbsp; 5.070% | 175000 | &nbsp;&nbsp; 176687 |
| Subordinated Series 202 Class C | Subordinated Series 202 Class C | Subordinated Series 202 Class C | Subordinated Series 202 Class C |
| 12/10/2030 | &nbsp;&nbsp; 5.190% | 105000 | &nbsp;&nbsp; 107613 |
| Subordinated Series 2025-1A Class D | Subordinated Series 2025-1A Class D | Subordinated Series 2025-1A Class D | Subordinated Series 2025-1A Class D |
| 09/10/2032 | &nbsp;&nbsp; 5.630% | 65000 | &nbsp;&nbsp; 66592 |
| Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  | Avis Budget Rental Car Funding AESOP LLC<sup>(a)</sup>  |
| Series 2021-2A Class D | Series 2021-2A Class D | Series 2021-2A Class D | Series 2021-2A Class D |
| 02/20/2028 | &nbsp;&nbsp; 4.080% | 355000 | &nbsp;&nbsp; 351441 |
| Series 2024-2A Class D | Series 2024-2A Class D | Series 2024-2A Class D | Series 2024-2A Class D |
| 10/20/2028 | &nbsp;&nbsp; 7.430% | 365000 | &nbsp;&nbsp; 374033 |
| Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2020-4RR Class DBR2 | Series 2020-4RR Class DBR2 | Series 2020-4RR Class DBR2 | Series 2020-4RR Class DBR2 |
| 3-month Term SOFR + 2.950% <br>10/20/2036<br>| &nbsp;&nbsp; 6.618% | 325000 | &nbsp;&nbsp; 323817 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Ballyrock CLO Ltd.<sup>(a),(b)</sup>  | Ballyrock CLO Ltd.<sup>(a),(b)</sup>  | Ballyrock CLO Ltd.<sup>(a),(b)</sup>  | Ballyrock CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2022-20A Class C1R3 | Series 2022-20A Class C1R3 | Series 2022-20A Class C1R3 | Series 2022-20A Class C1R3 |
| 3-month Term SOFR + 2.800% <br>Floor 2.800% <br>10/15/2036<br>| &nbsp;&nbsp; 6.472% | 225000 | &nbsp;&nbsp; 224038 |
| Bayview Opportunity Master Fund VII<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII<sup>(a),(b)</sup>  | Bayview Opportunity Master Fund VII<sup>(a),(b)</sup>  |
| Series 2024-EDU1 Class E | Series 2024-EDU1 Class E | Series 2024-EDU1 Class E | Series 2024-EDU1 Class E |
| 30-day Average SOFR + 3.500% <br>06/25/2047<br>| &nbsp;&nbsp; 7.167% | 411786 | &nbsp;&nbsp; 415875 |
| Bear Mountain Park CLO Ltd.<sup>(a),(b)</sup>  | Bear Mountain Park CLO Ltd.<sup>(a),(b)</sup>  | Bear Mountain Park CLO Ltd.<sup>(a),(b)</sup>  | Bear Mountain Park CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2022-1A Class BR | Series 2022-1A Class BR | Series 2022-1A Class BR | Series 2022-1A Class BR |
| 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>07/15/2037<br>| &nbsp;&nbsp; 5.422% | 500000 | &nbsp;&nbsp; 501765 |
| BlueMountain CLO Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO Ltd.<sup>(a),(b)</sup>  | BlueMountain CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2016-3A Class BR | Series 2016-3A Class BR | Series 2016-3A Class BR | Series 2016-3A Class BR |
| 3-month Term SOFR + 1.962% <br>Floor 1.700% <br>11/15/2030<br>| &nbsp;&nbsp; 5.614% | 525000 | &nbsp;&nbsp; 526834 |
| BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  | BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  | BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  | BlueMountain Fuji US CLO II Ltd.<sup>(a),(b)</sup>  |
| Series 2017-2A Class A2 | Series 2017-2A Class A2 | Series 2017-2A Class A2 | Series 2017-2A Class A2 |
| 3-month Term SOFR + 1.862% <br>Floor 1.600% <br>10/20/2030<br>| &nbsp;&nbsp; 5.529% | 500000 | &nbsp;&nbsp; 500784 |
| Carvana Auto Receivables Trust<sup>(a),(d)</sup>  | Carvana Auto Receivables Trust<sup>(a),(d)</sup>  | Carvana Auto Receivables Trust<sup>(a),(d)</sup>  | Carvana Auto Receivables Trust<sup>(a),(d)</sup>  |
| Series 2023-N3 Class R | Series 2023-N3 Class R | Series 2023-N3 Class R | Series 2023-N3 Class R |
| 09/10/2030 | &nbsp;&nbsp; 0.000% | 2000 | &nbsp;&nbsp; 209750 |
| Cloud Capital Holdco LP<sup>(a)</sup>  | Cloud Capital Holdco LP<sup>(a)</sup>  | Cloud Capital Holdco LP<sup>(a)</sup>  | Cloud Capital Holdco LP<sup>(a)</sup>  |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 11/22/2049 | &nbsp;&nbsp; 5.781% | 270000 | &nbsp;&nbsp; 271036 |
| Conseco Finance Securitizations Corp.<sup>(b)</sup>  | Conseco Finance Securitizations Corp.<sup>(b)</sup>  | Conseco Finance Securitizations Corp.<sup>(b)</sup>  | Conseco Finance Securitizations Corp.<sup>(b)</sup>  |
| Series 2001-4 Class M1 | Series 2001-4 Class M1 | Series 2001-4 Class M1 | Series 2001-4 Class M1 |
| 1-month Term SOFR + 1.864% <br>Floor 1.750%, Cap 15.000% <br>09/01/2033<br>| &nbsp;&nbsp; 5.532% | 105276 | &nbsp;&nbsp; 105561 |
| Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC<sup>(a)</sup>  |
| Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C | Series 2025-1A Class C |
| 05/20/2055 | &nbsp;&nbsp; 9.408% | 420000 | &nbsp;&nbsp; 444164 |
| Series 2025-4A Class A2 | Series 2025-4A Class A2 | Series 2025-4A Class A2 | Series 2025-4A Class A2 |
| 12/20/2055 | &nbsp;&nbsp; 5.522% | 295000 | &nbsp;&nbsp; 300600 |
| DataBank Issuer<sup>(a)</sup>  | DataBank Issuer<sup>(a)</sup>  | DataBank Issuer<sup>(a)</sup>  | DataBank Issuer<sup>(a)</sup>  |
| Series 2026-1 Class B | Series 2026-1 Class B | Series 2026-1 Class B | Series 2026-1 Class B |
| 02/25/2056 | &nbsp;&nbsp; 6.493% | 155000 | &nbsp;&nbsp; 156081 |
| DB Master Finance LLC<sup>(a)</sup>  | DB Master Finance LLC<sup>(a)</sup>  | DB Master Finance LLC<sup>(a)</sup>  | DB Master Finance LLC<sup>(a)</sup>  |
| Series 2025-1 Class A2II | Series 2025-1 Class A2II | Series 2025-1 Class A2II | Series 2025-1 Class A2II |
| 08/20/2055 | &nbsp;&nbsp; 5.165% | 184537 | &nbsp;&nbsp; 186407 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Domino's Pizza Master Issuer LLC<sup>(a)</sup>  | Domino's Pizza Master Issuer LLC<sup>(a)</sup>  | Domino's Pizza Master Issuer LLC<sup>(a)</sup>  | Domino's Pizza Master Issuer LLC<sup>(a)</sup>  |
| Series 2025-1A Class A2II | Series 2025-1A Class A2II | Series 2025-1A Class A2II | Series 2025-1A Class A2II |
| 07/25/2055 | &nbsp;&nbsp; 5.217% | 120000 | &nbsp;&nbsp; 122164 |
| Elmwood CLO Ltd.<sup>(a),(b)</sup>  | Elmwood CLO Ltd.<sup>(a),(b)</sup>  | Elmwood CLO Ltd.<sup>(a),(b)</sup>  | Elmwood CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2024-6A Class B | Series 2024-6A Class B | Series 2024-6A Class B | Series 2024-6A Class B |
| 3-month Term SOFR + 1.750% <br>Floor 1.750% <br>07/17/2037<br>| &nbsp;&nbsp; 5.418% | 500000 | &nbsp;&nbsp; 501026 |
| Flexential Issuer<sup>(a)</sup>  | Flexential Issuer<sup>(a)</sup>  | Flexential Issuer<sup>(a)</sup>  | Flexential Issuer<sup>(a)</sup>  |
| Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 | Series 2021-1A Class A2 |
| 11/27/2051 | &nbsp;&nbsp; 3.250% | 196571 | &nbsp;&nbsp; 194372 |
| Flexential Issuer LLC<sup>(a)</sup>  | Flexential Issuer LLC<sup>(a)</sup>  | Flexential Issuer LLC<sup>(a)</sup>  | Flexential Issuer LLC<sup>(a)</sup>  |
| Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 |
| 10/25/2060 | &nbsp;&nbsp; 6.460% | 150000 | &nbsp;&nbsp; 154416 |
| Goldentree Loan Management US CLO 15 Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO 15 Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO 15 Ltd.<sup>(a),(b)</sup>  | Goldentree Loan Management US CLO 15 Ltd.<sup>(a),(b)</sup>  |
| Series 2022-15 Class DR2 | Series 2022-15 Class DR2 | Series 2022-15 Class DR2 | Series 2022-15 Class DR2 |
| 3-month Term SOFR + 2.650% <br>Floor 2.650% <br>10/20/2038<br>| &nbsp;&nbsp; 6.318% | 300000 | &nbsp;&nbsp; 296197 |
| Hertz Vehicle Financing III LLC<sup>(a)</sup>  | Hertz Vehicle Financing III LLC<sup>(a)</sup>  | Hertz Vehicle Financing III LLC<sup>(a)</sup>  | Hertz Vehicle Financing III LLC<sup>(a)</sup>  |
| Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C | Subordinated Series 2023-1A Class C |
| 06/25/2027 | &nbsp;&nbsp; 6.910% | 433333 | &nbsp;&nbsp; 433931 |
| Hertz Vehicle Financing III LP<sup>(a)</sup>  | Hertz Vehicle Financing III LP<sup>(a)</sup>  | Hertz Vehicle Financing III LP<sup>(a)</sup>  | Hertz Vehicle Financing III LP<sup>(a)</sup>  |
| Subordinated Series 2021-2A Class D | Subordinated Series 2021-2A Class D | Subordinated Series 2021-2A Class D | Subordinated Series 2021-2A Class D |
| 12/27/2027 | &nbsp;&nbsp; 4.340% | 730000 | &nbsp;&nbsp; 721943 |
| Higley Park CLO Ltd.<sup>(a),(c)</sup>  | Higley Park CLO Ltd.<sup>(a),(c)</sup>  | Higley Park CLO Ltd.<sup>(a),(c)</sup>  | Higley Park CLO Ltd.<sup>(a),(c)</sup>  |
| Subordinated Series 2025-1A Class SUB | Subordinated Series 2025-1A Class SUB | Subordinated Series 2025-1A Class SUB | Subordinated Series 2025-1A Class SUB |
| 07/24/2038 | &nbsp;&nbsp; 0.000% | 450000 | &nbsp;&nbsp; 318994 |
| Hotwire Funding LLC<sup>(a)</sup>  | Hotwire Funding LLC<sup>(a)</sup>  | Hotwire Funding LLC<sup>(a)</sup>  | Hotwire Funding LLC<sup>(a)</sup>  |
| Series 2021-1 Class C | Series 2021-1 Class C | Series 2021-1 Class C | Series 2021-1 Class C |
| 11/20/2051 | &nbsp;&nbsp; 4.459% | 775000 | &nbsp;&nbsp; 767047 |
| Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 | Series 2024-1A Class A2 |
| 06/20/2054 | &nbsp;&nbsp; 5.893% | 235000 | &nbsp;&nbsp; 239876 |
| Huntington Bank Auto Credit-Linked Notes<sup>(a),(b)</sup>  | Huntington Bank Auto Credit-Linked Notes<sup>(a),(b)</sup>  | Huntington Bank Auto Credit-Linked Notes<sup>(a),(b)</sup>  | Huntington Bank Auto Credit-Linked Notes<sup>(a),(b)</sup>  |
| Subordinated Series 2024-2 Class C | Subordinated Series 2024-2 Class C | Subordinated Series 2024-2 Class C | Subordinated Series 2024-2 Class C |
| 30-day Average SOFR + 2.600% <br>10/20/2032<br>| &nbsp;&nbsp; 6.262% | 248279 | &nbsp;&nbsp; 249180 |
| ICG US CLO Ltd.<sup>(a),(b)</sup>  | ICG US CLO Ltd.<sup>(a),(b)</sup>  | ICG US CLO Ltd.<sup>(a),(b)</sup>  | ICG US CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2022-1A Class DR | Series 2022-1A Class DR | Series 2022-1A Class DR | Series 2022-1A Class DR |
| 3-month Term SOFR + 3.100% <br>Floor 3.100% <br>10/20/2038<br>| &nbsp;&nbsp; 6.768% | 350000 | &nbsp;&nbsp; 352817 |
| Invesco US CLO Ltd.<sup>(a),(c)</sup>  | Invesco US CLO Ltd.<sup>(a),(c)</sup>  | Invesco US CLO Ltd.<sup>(a),(c)</sup>  | Invesco US CLO Ltd.<sup>(a),(c)</sup>  |
| Series 2024-4 Class Y | Series 2024-4 Class Y | Series 2024-4 Class Y | Series 2024-4 Class Y |
| 01/15/2038 | &nbsp;&nbsp; 0.000% | 600000 | &nbsp;&nbsp; 13393 |
| Subordinated Series 2024-4 | Subordinated Series 2024-4 | Subordinated Series 2024-4 | Subordinated Series 2024-4 |
| 01/15/2038 | &nbsp;&nbsp; 3.000% | 600000 | &nbsp;&nbsp; 323980 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| J.G. Wentworth XXXVII LLC<sup>(a)</sup>  | J.G. Wentworth XXXVII LLC<sup>(a)</sup>  | J.G. Wentworth XXXVII LLC<sup>(a)</sup>  | J.G. Wentworth XXXVII LLC<sup>(a)</sup>  |
| Subordinated Series 2016-1A Class B | Subordinated Series 2016-1A Class B | Subordinated Series 2016-1A Class B | Subordinated Series 2016-1A Class B |
| 06/17/2069 | &nbsp;&nbsp; 5.190% | 506724 | &nbsp;&nbsp; 477772 |
| Jersey Mike's Funding LLC<sup>(a)</sup>  | Jersey Mike's Funding LLC<sup>(a)</sup>  | Jersey Mike's Funding LLC<sup>(a)</sup>  | Jersey Mike's Funding LLC<sup>(a)</sup>  |
| Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 | Series 2024-1 Class A2 |
| 02/15/2055 | &nbsp;&nbsp; 5.636% | 351450 | &nbsp;&nbsp; 362501 |
| Series 2026-1A Class A2II | Series 2026-1A Class A2II | Series 2026-1A Class A2II | Series 2026-1A Class A2II |
| 02/15/2056 | &nbsp;&nbsp; 5.481% | 315000 | &nbsp;&nbsp; 322606 |
| JG Wentworth XXII LLC<sup>(a)</sup>  | JG Wentworth XXII LLC<sup>(a)</sup>  | JG Wentworth XXII LLC<sup>(a)</sup>  | JG Wentworth XXII LLC<sup>(a)</sup>  |
| Series 2010-3A Class A | Series 2010-3A Class A | Series 2010-3A Class A | Series 2010-3A Class A |
| 12/15/2048 | &nbsp;&nbsp; 3.820% | 64948 | &nbsp;&nbsp; 64686 |
| LCM Ltd.<sup>(a),(b)</sup>  | LCM Ltd.<sup>(a),(b)</sup>  | LCM Ltd.<sup>(a),(b)</sup>  | LCM Ltd.<sup>(a),(b)</sup>  |
| Series 37A Class CR | Series 37A Class CR | Series 37A Class CR | Series 37A Class CR |
| 3-month Term SOFR + 1.900% <br>Floor 1.900% <br>04/15/2034<br>| &nbsp;&nbsp; 5.572% | 525000 | &nbsp;&nbsp; 524206 |
| Magnetite Xlii Ltd.<sup>(a),(c)</sup>  | Magnetite Xlii Ltd.<sup>(a),(c)</sup>  | Magnetite Xlii Ltd.<sup>(a),(c)</sup>  | Magnetite Xlii Ltd.<sup>(a),(c)</sup>  |
| Series 2024-42A Class | Series 2024-42A Class | Series 2024-42A Class | Series 2024-42A Class |
| 01/25/2038 | &nbsp;&nbsp; 0.000% | 750000 | &nbsp;&nbsp; 480330 |
| MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  | MetroNet Infrastructure Issuer LLC<sup>(a)</sup>  |
| Series 2025-2 Class B | Series 2025-2 Class B | Series 2025-2 Class B | Series 2025-2 Class B |
| 08/20/2055 | &nbsp;&nbsp; 5.590% | 335000 | &nbsp;&nbsp; 339993 |
| Series 2025-4A Class C | Series 2025-4A Class C | Series 2025-4A Class C | Series 2025-4A Class C |
| 12/20/2055 | &nbsp;&nbsp; 7.112% | 165000 | &nbsp;&nbsp; 169579 |
| New Mountain CLO Ltd.<sup>(a),(d)</sup>  | New Mountain CLO Ltd.<sup>(a),(d)</sup>  | New Mountain CLO Ltd.<sup>(a),(d)</sup>  | New Mountain CLO Ltd.<sup>(a),(d)</sup>  |
| Series 2025-8A Class M | Series 2025-8A Class M | Series 2025-8A Class M | Series 2025-8A Class M |
| 10/20/2038 | &nbsp;&nbsp; 0.000% | 50000 | &nbsp;&nbsp; 5 |
| New Mountain CLO Ltd.<sup>(a),(c)</sup>  | New Mountain CLO Ltd.<sup>(a),(c)</sup>  | New Mountain CLO Ltd.<sup>(a),(c)</sup>  | New Mountain CLO Ltd.<sup>(a),(c)</sup>  |
| Subordinated Series 2025-8A Class SUB | Subordinated Series 2025-8A Class SUB | Subordinated Series 2025-8A Class SUB | Subordinated Series 2025-8A Class SUB |
| 10/20/2038 | &nbsp;&nbsp; 0.000% | 500000 | &nbsp;&nbsp; 341442 |
| OCP CLO Ltd.<sup>(a),(c)</sup>  | OCP CLO Ltd.<sup>(a),(c)</sup>  | OCP CLO Ltd.<sup>(a),(c)</sup>  | OCP CLO Ltd.<sup>(a),(c)</sup>  |
| Subordinated Series 2015-9A | Subordinated Series 2015-9A | Subordinated Series 2015-9A | Subordinated Series 2015-9A |
| 01/15/2037 | &nbsp;&nbsp; 0.000% | 1100000 | &nbsp;&nbsp; 383189 |
| Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  | Park Avenue Institutional Advisers CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-1A Class CR | Series 2021-1A Class CR | Series 2021-1A Class CR | Series 2021-1A Class CR |
| 3-month Term SOFR + 3.150% <br>Floor 3.150% <br>01/20/2034<br>| &nbsp;&nbsp; 6.818% | 450000 | &nbsp;&nbsp; 450478 |
| Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  | Rockford Tower CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2017-3A Class B | Series 2017-3A Class B | Series 2017-3A Class B | Series 2017-3A Class B |
| 3-month Term SOFR + 1.732% <br>Floor 1.470% <br>10/20/2030<br>| &nbsp;&nbsp; 5.399% | 450000 | &nbsp;&nbsp; 450403 |
| Series 2021-1A Class B | Series 2021-1A Class B | Series 2021-1A Class B | Series 2021-1A Class B |
| 3-month Term SOFR + 1.912% <br>Floor 1.650% <br>07/20/2034<br>| &nbsp;&nbsp; 5.579% | 448279 | &nbsp;&nbsp; 448805 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Sixth Street CLO VIII Ltd.<sup>(a),(b)</sup>  | Sixth Street CLO VIII Ltd.<sup>(a),(b)</sup>  | Sixth Street CLO VIII Ltd.<sup>(a),(b)</sup>  | Sixth Street CLO VIII Ltd.<sup>(a),(b)</sup>  |
| Series 2017-5A Class CR2 | Series 2017-5A Class CR2 | Series 2017-5A Class CR2 | Series 2017-5A Class CR2 |
| 3-month Term SOFR + 2.950% <br>Floor 2.950% <br>10/20/2034<br>| &nbsp;&nbsp; 6.618% | 350000 | &nbsp;&nbsp; 345809 |
| SLM Student Loan Trust<sup>(b)</sup>  | SLM Student Loan Trust<sup>(b)</sup>  | SLM Student Loan Trust<sup>(b)</sup>  | SLM Student Loan Trust<sup>(b)</sup>  |
| Series 2008-2 Class B | Series 2008-2 Class B | Series 2008-2 Class B | Series 2008-2 Class B |
| 90-day Average SOFR + 1.462% <br>Floor 1.200% <br>01/25/2083<br>| &nbsp;&nbsp; 5.349% | 740000 | &nbsp;&nbsp; 784308 |
| Series 2008-4 Class A4 | Series 2008-4 Class A4 | Series 2008-4 Class A4 | Series 2008-4 Class A4 |
| 90-day Average SOFR + 1.912% <br>Floor 1.650% <br>07/25/2026<br>| &nbsp;&nbsp; 5.799% | 95599 | &nbsp;&nbsp; 95821 |
| Series 2008-7 Class B | Series 2008-7 Class B | Series 2008-7 Class B | Series 2008-7 Class B |
| 90-day Average SOFR + 2.112% <br>Floor 1.850% <br>07/26/2083<br>| &nbsp;&nbsp; 5.999% | 500000 | &nbsp;&nbsp; 498118 |
| Series 2012-1 Class A3 | Series 2012-1 Class A3 | Series 2012-1 Class A3 | Series 2012-1 Class A3 |
| 30-day Average SOFR + 1.064% <br>Floor 0.950% <br>09/25/2028<br>| &nbsp;&nbsp; 4.762% | 208552 | &nbsp;&nbsp; 206293 |
| Subordinated Series 2004-10 Class B | Subordinated Series 2004-10 Class B | Subordinated Series 2004-10 Class B | Subordinated Series 2004-10 Class B |
| 90-day Average SOFR + 0.632% <br>Floor 0.370% <br>01/25/2040<br>| &nbsp;&nbsp; 4.519% | 195685 | &nbsp;&nbsp; 183852 |
| Subordinated Series 2012-7 Class B | Subordinated Series 2012-7 Class B | Subordinated Series 2012-7 Class B | Subordinated Series 2012-7 Class B |
| 30-day Average SOFR + 1.914% <br>Floor 1.800% <br>09/25/2043<br>| &nbsp;&nbsp; 5.612% | 550000 | &nbsp;&nbsp; 528535 |
| Stonepeak ABS<sup>(a)</sup>  | Stonepeak ABS<sup>(a)</sup>  | Stonepeak ABS<sup>(a)</sup>  | Stonepeak ABS<sup>(a)</sup>  |
| Series 2021-1 Class B | Series 2021-1 Class B | Series 2021-1 Class B | Series 2021-1 Class B |
| 02/28/2033 | &nbsp;&nbsp; 3.821% | 248815 | &nbsp;&nbsp; 244481 |
| SVC ABS LLC<sup>(a),(e)</sup>  | SVC ABS LLC<sup>(a),(e)</sup>  | SVC ABS LLC<sup>(a),(e)</sup>  | SVC ABS LLC<sup>(a),(e)</sup>  |
| Series 2026-1 Class M | Series 2026-1 Class M | Series 2026-1 Class M | Series 2026-1 Class M |
| 03/20/2056 | &nbsp;&nbsp; 7.549% | 400000 | &nbsp;&nbsp; 401460 |
| Switch ABS Issuer LLC<sup>(a)</sup>  | Switch ABS Issuer LLC<sup>(a)</sup>  | Switch ABS Issuer LLC<sup>(a)</sup>  | Switch ABS Issuer LLC<sup>(a)</sup>  |
| Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 | Series 2024-2A Class A2 |
| 06/25/2054 | &nbsp;&nbsp; 5.436% | 500000 | &nbsp;&nbsp; 501216 |
| Subordinated Series 2024-2A Class C | Subordinated Series 2024-2A Class C | Subordinated Series 2024-2A Class C | Subordinated Series 2024-2A Class C |
| 06/25/2054 | &nbsp;&nbsp; 10.033% | 370000 | &nbsp;&nbsp; 383624 |
| Taco Bell Funding LLC<sup>(a)</sup>  | Taco Bell Funding LLC<sup>(a)</sup>  | Taco Bell Funding LLC<sup>(a)</sup>  | Taco Bell Funding LLC<sup>(a)</sup>  |
| Series 2025-1A Class A2II | Series 2025-1A Class A2II | Series 2025-1A Class A2II | Series 2025-1A Class A2II |
| 08/25/2055 | &nbsp;&nbsp; 5.049% | 355000 | &nbsp;&nbsp; 361010 |
| US Bank C&I Credit-Linked Notes<sup>(a),(b)</sup>  | US Bank C&I Credit-Linked Notes<sup>(a),(b)</sup>  | US Bank C&I Credit-Linked Notes<sup>(a),(b)</sup>  | US Bank C&I Credit-Linked Notes<sup>(a),(b)</sup>  |
| Series 2025-SUP2 Class E | Series 2025-SUP2 Class E | Series 2025-SUP2 Class E | Series 2025-SUP2 Class E |
| 30-day Average SOFR + 3.700% <br>09/25/2032<br>| &nbsp;&nbsp; 7.367% | 211931 | &nbsp;&nbsp; 212958 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Series 2025-SUP2 Class R | Series 2025-SUP2 Class R | Series 2025-SUP2 Class R | Series 2025-SUP2 Class R |
| 30-day Average SOFR + 6.500% <br>08/31/2032<br>| &nbsp;&nbsp; 10.167% | 339090 | &nbsp;&nbsp; 340986 |
| VB-S1 Issuer LLC<sup>(a)</sup>  | VB-S1 Issuer LLC<sup>(a)</sup>  | VB-S1 Issuer LLC<sup>(a)</sup>  | VB-S1 Issuer LLC<sup>(a)</sup>  |
| Series 2026-1A Class F | Series 2026-1A Class F | Series 2026-1A Class F | Series 2026-1A Class F |
| 03/15/2056 | &nbsp;&nbsp; 6.843% | 275000 | &nbsp;&nbsp; 281510 |
| Zayo Issuer LLC<sup>(a)</sup>  | Zayo Issuer LLC<sup>(a)</sup>  | Zayo Issuer LLC<sup>(a)</sup>  | Zayo Issuer LLC<sup>(a)</sup>  |
| Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 | Series 2025-1A Class A2 |
| 03/20/2055 | &nbsp;&nbsp; 5.648% | 270000 | &nbsp;&nbsp; 276042 |
| Total Asset-Backed Securities — Non-Agency <br>(Cost $24,493,357) | Total Asset-Backed Securities — Non-Agency <br>(Cost $24,493,357) | Total Asset-Backed Securities — Non-Agency <br>(Cost $24,493,357) | &nbsp;&nbsp; **24119497** |
| **Commercial Mortgage-Backed Securities - Agency 0.2%** | **Commercial Mortgage-Backed Securities - Agency 0.2%** | **Commercial Mortgage-Backed Securities - Agency 0.2%** | **Commercial Mortgage-Backed Securities - Agency 0.2%** |
| Federal Home Loan Mortgage Corp. Multifamily Pass-Through REMIC Trust<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Pass-Through REMIC Trust<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Pass-Through REMIC Trust<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Pass-Through REMIC Trust<sup>(c),(f)</sup>  |
| Series 2019-P002 Class X | Series 2019-P002 Class X | Series 2019-P002 Class X | Series 2019-P002 Class X |
| 07/25/2033 | &nbsp;&nbsp; 1.138% | 705000 | &nbsp;&nbsp; 36496 |
| Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(c),(f)</sup>  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through <br> Certificates<sup>(c),(f)</sup>  |
| CMO Series K057 Class X1 | CMO Series K057 Class X1 | CMO Series K057 Class X1 | CMO Series K057 Class X1 |
| 07/25/2026 | &nbsp;&nbsp; 1.167% | 3993602 | &nbsp;&nbsp; 12187 |
| Series 2018-K732 Class X3 | Series 2018-K732 Class X3 | Series 2018-K732 Class X3 | Series 2018-K732 Class X3 |
| 05/25/2046 | &nbsp;&nbsp; 4.097% | 316463 | &nbsp;&nbsp; 12544 |
| Series K051 Class X3 | Series K051 Class X3 | Series K051 Class X3 | Series K051 Class X3 |
| 10/25/2043 | &nbsp;&nbsp; 3.917% | 34551 | &nbsp;&nbsp; 14 |
| Series K060 Class X3 | Series K060 Class X3 | Series K060 Class X3 | Series K060 Class X3 |
| 12/25/2044 | &nbsp;&nbsp; 1.898% | 1349985 | &nbsp;&nbsp; 16586 |
| Series KC07 Class X1 | Series KC07 Class X1 | Series KC07 Class X1 | Series KC07 Class X1 |
| 09/25/2026 | &nbsp;&nbsp; 0.725% | 2991761 | &nbsp;&nbsp; 11316 |
| Series KL05 Class X1HG | Series KL05 Class X1HG | Series KL05 Class X1HG | Series KL05 Class X1HG |
| 12/25/2027 | &nbsp;&nbsp; 1.223% | 2400000 | &nbsp;&nbsp; 47509 |
| Series KLU3 Class X1 | Series KLU3 Class X1 | Series KLU3 Class X1 | Series KLU3 Class X1 |
| 01/25/2031 | &nbsp;&nbsp; 1.928% | 1547347 | &nbsp;&nbsp; 100563 |
| Series KS06 Class X | Series KS06 Class X | Series KS06 Class X | Series KS06 Class X |
| 08/25/2026 | &nbsp;&nbsp; 0.963% | 1537930 | &nbsp;&nbsp; 398 |
| Series Q004 Class XFL | Series Q004 Class XFL | Series Q004 Class XFL | Series Q004 Class XFL |
| 05/25/2044 | &nbsp;&nbsp; 1.146% | 740487 | &nbsp;&nbsp; 28752 |
| Federal National Mortgage Association<sup>(c),(f)</sup>  | Federal National Mortgage Association<sup>(c),(f)</sup>  | Federal National Mortgage Association<sup>(c),(f)</sup>  | Federal National Mortgage Association<sup>(c),(f)</sup>  |
| Series 2016-M11B Class X2 | Series 2016-M11B Class X2 | Series 2016-M11B Class X2 | Series 2016-M11B Class X2 |
| 07/25/2039 | &nbsp;&nbsp; 2.967% | 299350 | &nbsp;&nbsp; 4147 |
| Series 2016-M4 Class X2 | Series 2016-M4 Class X2 | Series 2016-M4 Class X2 | Series 2016-M4 Class X2 |
| 01/25/2039 | &nbsp;&nbsp; 2.691% | 243442 | &nbsp;&nbsp; 8642 |
| Series 2019-M29 Class X4 | Series 2019-M29 Class X4 | Series 2019-M29 Class X4 | Series 2019-M29 Class X4 |
| 03/25/2029 | &nbsp;&nbsp; 0.700% | 4300000 | &nbsp;&nbsp; 75668 |
| Freddie Mac Mscr Trust<sup>(a),(b)</sup>  | Freddie Mac Mscr Trust<sup>(a),(b)</sup>  | Freddie Mac Mscr Trust<sup>(a),(b)</sup>  | Freddie Mac Mscr Trust<sup>(a),(b)</sup>  |
| Series 2025-MN12 Class B1 | Series 2025-MN12 Class B1 | Series 2025-MN12 Class B1 | Series 2025-MN12 Class B1 |
| 30-day Average SOFR + 4.500% <br>11/25/2045<br>| &nbsp;&nbsp; 8.167% | 425000 | &nbsp;&nbsp; 431683 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** | **Commercial Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(c),(f)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(c),(f)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(c),(f)</sup>  | Freddie Mac Multifamily Structured Pass-Through Certificates<sup>(c),(f)</sup>  |
| Series K096 Class X3 (FHLMC) | Series K096 Class X3 (FHLMC) | Series K096 Class X3 (FHLMC) | Series K096 Class X3 (FHLMC) |
| 07/25/2029 | &nbsp;&nbsp; 2.043% | 3390000 | &nbsp;&nbsp; 199029 |
| FREMF Mortgage Trust<sup>(a),(b)</sup>  | FREMF Mortgage Trust<sup>(a),(b)</sup>  | FREMF Mortgage Trust<sup>(a),(b)</sup>  | FREMF Mortgage Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2019-KF71 Class B | Subordinated Series 2019-KF71 Class B | Subordinated Series 2019-KF71 Class B | Subordinated Series 2019-KF71 Class B |
| 30-day Average SOFR + 2.414% <br>Floor 2.300% <br>10/25/2029<br>| &nbsp;&nbsp; 6.094% | 239859 | &nbsp;&nbsp; 225508 |
| Government National Mortgage Association<sup>(c),(f)</sup>  | Government National Mortgage Association<sup>(c),(f)</sup>  | Government National Mortgage Association<sup>(c),(f)</sup>  | Government National Mortgage Association<sup>(c),(f)</sup>  |
| CMO Series 2014-103 Class IO | CMO Series 2014-103 Class IO | CMO Series 2014-103 Class IO | CMO Series 2014-103 Class IO |
| 05/16/2055 | &nbsp;&nbsp; 0.185% | 984942 | &nbsp;&nbsp; 4811 |
| Series 2012-4 Class IO | Series 2012-4 Class IO | Series 2012-4 Class IO | Series 2012-4 Class IO |
| 05/16/2052 | &nbsp;&nbsp; 0.000% | 1296131 | &nbsp;&nbsp; 13 |
| Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $1,570,844) | Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $1,570,844) | Total Commercial Mortgage-Backed Securities - Agency <br>(Cost $1,570,844) | &nbsp;&nbsp; **1215866** |
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **4.7%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **4.7%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **4.7%** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **4.7%** |
| 1211 Avenue of the Americas Trust<sup>(a),(c)</sup>  | 1211 Avenue of the Americas Trust<sup>(a),(c)</sup>  | 1211 Avenue of the Americas Trust<sup>(a),(c)</sup>  | 1211 Avenue of the Americas Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2015-1211 Class B | Subordinated Series 2015-1211 Class B | Subordinated Series 2015-1211 Class B | Subordinated Series 2015-1211 Class B |
| 08/10/2035 | &nbsp;&nbsp; 4.092% | 380000 | &nbsp;&nbsp; 361000 |
| 245 Park Avenue Trust<sup>(a),(c)</sup>  | 245 Park Avenue Trust<sup>(a),(c)</sup>  | 245 Park Avenue Trust<sup>(a),(c)</sup>  | 245 Park Avenue Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2017-245P Class E | Subordinated Series 2017-245P Class E | Subordinated Series 2017-245P Class E | Subordinated Series 2017-245P Class E |
| 06/05/2037 | &nbsp;&nbsp; 3.657% | 550000 | &nbsp;&nbsp; 529707 |
| A&D Mortgage Trust<sup>(a),(h)</sup>  | A&D Mortgage Trust<sup>(a),(h)</sup>  | A&D Mortgage Trust<sup>(a),(h)</sup>  | A&D Mortgage Trust<sup>(a),(h)</sup>  |
| CMO Series 2026-NQM2 | CMO Series 2026-NQM2 | CMO Series 2026-NQM2 | CMO Series 2026-NQM2 |
| 03/25/2071 | &nbsp;&nbsp; 5.165% | 280000 | &nbsp;&nbsp; 279996 |
| AMSR Trust<sup>(a)</sup>  | AMSR Trust<sup>(a)</sup>  | AMSR Trust<sup>(a)</sup>  | AMSR Trust<sup>(a)</sup>  |
| Series 2025-SFR1 Class E1 | Series 2025-SFR1 Class E1 | Series 2025-SFR1 Class E1 | Series 2025-SFR1 Class E1 |
| 06/17/2042 | &nbsp;&nbsp; 3.655% | 630000 | &nbsp;&nbsp; 589997 |
| BAMLL Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | BAMLL Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | BAMLL Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | BAMLL Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  |
| Series 2018-PARK Class A | Series 2018-PARK Class A | Series 2018-PARK Class A | Series 2018-PARK Class A |
| 08/10/2038 | &nbsp;&nbsp; 4.091% | 95000 | &nbsp;&nbsp; 93878 |
| BBCMS Trust<sup>(a),(c)</sup>  | BBCMS Trust<sup>(a),(c)</sup>  | BBCMS Trust<sup>(a),(c)</sup>  | BBCMS Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2015-SRCH Class D | Subordinated Series 2015-SRCH Class D | Subordinated Series 2015-SRCH Class D | Subordinated Series 2015-SRCH Class D |
| 08/10/2035 | &nbsp;&nbsp; 4.957% | 450000 | &nbsp;&nbsp; 433024 |
| BGME Trust<sup>(a),(c)</sup>  | BGME Trust<sup>(a),(c)</sup>  | BGME Trust<sup>(a),(c)</sup>  | BGME Trust<sup>(a),(c)</sup>  |
| Series 2021-VR Class C | Series 2021-VR Class C | Series 2021-VR Class C | Series 2021-VR Class C |
| 01/10/2043 | &nbsp;&nbsp; 2.995% | 300000 | &nbsp;&nbsp; 233403 |
| BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  | BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  | BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  | BOCA Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-BOCA Class A | Series 2025-BOCA Class A | Series 2025-BOCA Class A | Series 2025-BOCA Class A |
| 1-month Term SOFR + 1.600% <br>Floor 1.600% <br>12/15/2042<br>| &nbsp;&nbsp; 5.310% | 170000 | &nbsp;&nbsp; 170771 |
| BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  | BX Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2021-CIP Class A | Series 2021-CIP Class A | Series 2021-CIP Class A | Series 2021-CIP Class A |
| 1-month Term SOFR + 1.035% <br>Floor 0.921% <br>12/15/2038<br>| &nbsp;&nbsp; 4.695% | 372302 | &nbsp;&nbsp; 372186 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Series 2024-AIRC Class C | Series 2024-AIRC Class C | Series 2024-AIRC Class C | Series 2024-AIRC Class C |
| 1-month Term SOFR + 2.590% <br>Floor 2.590% <br>08/15/2039<br>| &nbsp;&nbsp; 6.250% | 390263 | &nbsp;&nbsp; 391239 |
| Series 2024-XL5 Class A | Series 2024-XL5 Class A | Series 2024-XL5 Class A | Series 2024-XL5 Class A |
| 1-month Term SOFR + 1.392% <br>Floor 1.392% <br>03/15/2041<br>| &nbsp;&nbsp; 5.051% | 186442 | &nbsp;&nbsp; 186500 |
| Subordinated Series 2022-LP2 Class C | Subordinated Series 2022-LP2 Class C | Subordinated Series 2022-LP2 Class C | Subordinated Series 2022-LP2 Class C |
| 1-month Term SOFR + 1.560% <br>Floor 1.562% <br>02/15/2039<br>| &nbsp;&nbsp; 5.221% | 318500 | &nbsp;&nbsp; 318400 |
| Subordinated Series 2025-SPOT Class E | Subordinated Series 2025-SPOT Class E | Subordinated Series 2025-SPOT Class E | Subordinated Series 2025-SPOT Class E |
| 1-month Term SOFR + 3.690% <br>Floor 3.690% <br>04/15/2040<br>| &nbsp;&nbsp; 7.350% | 430655 | &nbsp;&nbsp; 432059 |
| BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  | BX Trust<sup>(a)</sup>  |
| Series 2019-OC11 Class E | Series 2019-OC11 Class E | Series 2019-OC11 Class E | Series 2019-OC11 Class E |
| 12/09/2041 | &nbsp;&nbsp; 4.076% | 250000 | &nbsp;&nbsp; 233712 |
| Series 2022-CLS Class A | Series 2022-CLS Class A | Series 2022-CLS Class A | Series 2022-CLS Class A |
| 10/13/2027 | &nbsp;&nbsp; 5.760% | 150000 | &nbsp;&nbsp; 150601 |
| BX Trust<sup>(a),(b)</sup>  | BX Trust<sup>(a),(b)</sup>  | BX Trust<sup>(a),(b)</sup>  | BX Trust<sup>(a),(b)</sup>  |
| Series 2025-VLT6 Class E | Series 2025-VLT6 Class E | Series 2025-VLT6 Class E | Series 2025-VLT6 Class E |
| 1-month Term SOFR + 3.191% <br>Floor 3.191% <br>03/15/2042<br>| &nbsp;&nbsp; 6.850% | 406000 | &nbsp;&nbsp; 403971 |
| Subordinated Series 2021-LBA Class DJV | Subordinated Series 2021-LBA Class DJV | Subordinated Series 2021-LBA Class DJV | Subordinated Series 2021-LBA Class DJV |
| 1-month Term SOFR + 1.714% <br>Floor 1.600% <br>02/15/2036<br>| &nbsp;&nbsp; 5.374% | 550000 | &nbsp;&nbsp; 549830 |
| Subordinated Series 2021-LBA Class EJV | Subordinated Series 2021-LBA Class EJV | Subordinated Series 2021-LBA Class EJV | Subordinated Series 2021-LBA Class EJV |
| 1-month Term SOFR + 2.114% <br>Floor 2.000% <br>02/15/2036<br>| &nbsp;&nbsp; 5.774% | 240000 | &nbsp;&nbsp; 239926 |
| Subordinated Series 2024-BIO Class D | Subordinated Series 2024-BIO Class D | Subordinated Series 2024-BIO Class D | Subordinated Series 2024-BIO Class D |
| 1-month Term SOFR + 3.639% <br>02/15/2041<br>| &nbsp;&nbsp; 7.299% | 278000 | &nbsp;&nbsp; 275220 |
| Subordinated Series 2025-TAIL Class D | Subordinated Series 2025-TAIL Class D | Subordinated Series 2025-TAIL Class D | Subordinated Series 2025-TAIL Class D |
| 1-month Term SOFR + 2.450% <br>Floor 2.450% <br>06/15/2035<br>| &nbsp;&nbsp; 6.130% | 315000 | &nbsp;&nbsp; 315296 |
| Subordinated Series 2025-VOLT Class D | Subordinated Series 2025-VOLT Class D | Subordinated Series 2025-VOLT Class D | Subordinated Series 2025-VOLT Class D |
| 1-month Term SOFR + 2.750% <br>Floor 2.750% <br>12/15/2044<br>| &nbsp;&nbsp; 6.660% | 145000 | &nbsp;&nbsp; 145227 |
| BXP Trust<sup>(a),(c)</sup>  | BXP Trust<sup>(a),(c)</sup>  | BXP Trust<sup>(a),(c)</sup>  | BXP Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2017-GM Class D | Subordinated Series 2017-GM Class D | Subordinated Series 2017-GM Class D | Subordinated Series 2017-GM Class D |
| 06/13/2039 | &nbsp;&nbsp; 3.425% | 630000 | &nbsp;&nbsp; 614577 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CHI Commercial Mortgage Trust<sup>(a),(c)</sup>  | CHI Commercial Mortgage Trust<sup>(a),(c)</sup>  | CHI Commercial Mortgage Trust<sup>(a),(c)</sup>  | CHI Commercial Mortgage Trust<sup>(a),(c)</sup>  |
| Series 2025-SFT Class D | Series 2025-SFT Class D | Series 2025-SFT Class D | Series 2025-SFT Class D |
| 04/15/2042 | &nbsp;&nbsp; 6.836% | 560000 | &nbsp;&nbsp; 583450 |
| Citigroup Commercial Mortgage Trust<sup>(c),(f)</sup>  | Citigroup Commercial Mortgage Trust<sup>(c),(f)</sup>  | Citigroup Commercial Mortgage Trust<sup>(c),(f)</sup>  | Citigroup Commercial Mortgage Trust<sup>(c),(f)</sup>  |
| Series 2016-P3 Class XA | Series 2016-P3 Class XA | Series 2016-P3 Class XA | Series 2016-P3 Class XA |
| 04/15/2049 | &nbsp;&nbsp; 1.601% | 2788219 | &nbsp;&nbsp; 501 |
| Citigroup Commercial Mortgage Trust<sup>(a),(c)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(c)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(c)</sup>  | Citigroup Commercial Mortgage Trust<sup>(a),(c)</sup>  |
| Series 2023-SMRT Class A | Series 2023-SMRT Class A | Series 2023-SMRT Class A | Series 2023-SMRT Class A |
| 06/10/2028 | &nbsp;&nbsp; 6.015% | 135000 | &nbsp;&nbsp; 138959 |
| Commercial Mortgage Trust<sup>(c),(f)</sup>  | Commercial Mortgage Trust<sup>(c),(f)</sup>  | Commercial Mortgage Trust<sup>(c),(f)</sup>  | Commercial Mortgage Trust<sup>(c),(f)</sup>  |
| Series 2012-CR4 Class XA | Series 2012-CR4 Class XA | Series 2012-CR4 Class XA | Series 2012-CR4 Class XA |
| 10/15/2045 | &nbsp;&nbsp; 0.854% | 672394 | &nbsp;&nbsp; 14221 |
| CoreVest American Finance Trust<sup>(a),(c),(f)</sup>  | CoreVest American Finance Trust<sup>(a),(c),(f)</sup>  | CoreVest American Finance Trust<sup>(a),(c),(f)</sup>  | CoreVest American Finance Trust<sup>(a),(c),(f)</sup>  |
| Series 2019-3 Class XA | Series 2019-3 Class XA | Series 2019-3 Class XA | Series 2019-3 Class XA |
| 10/15/2052 | &nbsp;&nbsp; 1.987% | 14629 | &nbsp;&nbsp; 65 |
| Series 2020-1 Class XA | Series 2020-1 Class XA | Series 2020-1 Class XA | Series 2020-1 Class XA |
| 03/15/2050 | &nbsp;&nbsp; 2.244% | 125265 | &nbsp;&nbsp; 4274 |
| CoreVest American Finance Trust<sup>(a)</sup>  | CoreVest American Finance Trust<sup>(a)</sup>  | CoreVest American Finance Trust<sup>(a)</sup>  | CoreVest American Finance Trust<sup>(a)</sup>  |
| Series 2020-1 Class A2 | Series 2020-1 Class A2 | Series 2020-1 Class A2 | Series 2020-1 Class A2 |
| 03/15/2050 | &nbsp;&nbsp; 2.296% | 105383 | &nbsp;&nbsp; 100980 |
| CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2021-B33 Class B | Subordinated Series 2021-B33 Class B | Subordinated Series 2021-B33 Class B | Subordinated Series 2021-B33 Class B |
| 10/10/2043 | &nbsp;&nbsp; 3.645% | 423000 | &nbsp;&nbsp; 382988 |
| DBGS Mortgage Trust<sup>(a),(b)</sup>  | DBGS Mortgage Trust<sup>(a),(b)</sup>  | DBGS Mortgage Trust<sup>(a),(b)</sup>  | DBGS Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2021-W52 Class C | Series 2021-W52 Class C | Series 2021-W52 Class C | Series 2021-W52 Class C |
| 1-month Term SOFR + 1.650% <br>Floor 2.300% <br>10/15/2036<br>| &nbsp;&nbsp; 6.074% | 520000 | &nbsp;&nbsp; 512261 |
| DBGS Mortgage Trust<sup>(c)</sup>  | DBGS Mortgage Trust<sup>(c)</sup>  | DBGS Mortgage Trust<sup>(c)</sup>  | DBGS Mortgage Trust<sup>(c)</sup>  |
| Subordinated Series 2018-C1 Class AM | Subordinated Series 2018-C1 Class AM | Subordinated Series 2018-C1 Class AM | Subordinated Series 2018-C1 Class AM |
| 10/15/2051 | &nbsp;&nbsp; 4.621% | 542000 | &nbsp;&nbsp; 535476 |
| Del Amo Fashion Center Trust<sup>(a),(c)</sup>  | Del Amo Fashion Center Trust<sup>(a),(c)</sup>  | Del Amo Fashion Center Trust<sup>(a),(c)</sup>  | Del Amo Fashion Center Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2017-AMO Class C | Subordinated Series 2017-AMO Class C | Subordinated Series 2017-AMO Class C | Subordinated Series 2017-AMO Class C |
| 06/05/2035 | &nbsp;&nbsp; 3.636% | 420000 | &nbsp;&nbsp; 403071 |
| DOLP Trust<sup>(a),(c)</sup>  | DOLP Trust<sup>(a),(c)</sup>  | DOLP Trust<sup>(a),(c)</sup>  | DOLP Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2021-NYC Class D | Subordinated Series 2021-NYC Class D | Subordinated Series 2021-NYC Class D | Subordinated Series 2021-NYC Class D |
| 05/10/2041 | &nbsp;&nbsp; 3.704% | 500000 | &nbsp;&nbsp; 431841 |
| DROP Mortgage Trust<sup>(a),(b)</sup>  | DROP Mortgage Trust<sup>(a),(b)</sup>  | DROP Mortgage Trust<sup>(a),(b)</sup>  | DROP Mortgage Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2021-FILE Class B | Subordinated Series 2021-FILE Class B | Subordinated Series 2021-FILE Class B | Subordinated Series 2021-FILE Class B |
| 1-month Term SOFR + 1.814% <br>Floor 1.700% <br>10/15/2043<br>| &nbsp;&nbsp; 5.474% | 311000 | &nbsp;&nbsp; 306338 |
| FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  | FirstKey Homes Trust<sup>(a)</sup>  |
| Series 2021-SFR2 Class F2 | Series 2021-SFR2 Class F2 | Series 2021-SFR2 Class F2 | Series 2021-SFR2 Class F2 |
| 09/17/2038 | &nbsp;&nbsp; 3.157% | 850000 | &nbsp;&nbsp; 837306 |
| Series 2021-SFR3 Class F2 | Series 2021-SFR3 Class F2 | Series 2021-SFR3 Class F2 | Series 2021-SFR3 Class F2 |
| 12/17/2038 | &nbsp;&nbsp; 3.832% | 820000 | &nbsp;&nbsp; 810822 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Grace Trust<sup>(a)</sup>  | Grace Trust<sup>(a)</sup>  | Grace Trust<sup>(a)</sup>  | Grace Trust<sup>(a)</sup>  |
| Subordinated Series 2020-GRCE Class B | Subordinated Series 2020-GRCE Class B | Subordinated Series 2020-GRCE Class B | Subordinated Series 2020-GRCE Class B |
| 12/10/2040 | &nbsp;&nbsp; 2.600% | 500000 | &nbsp;&nbsp; 454609 |
| Great Wolf Trust<sup>(a),(b)</sup>  | Great Wolf Trust<sup>(a),(b)</sup>  | Great Wolf Trust<sup>(a),(b)</sup>  | Great Wolf Trust<sup>(a),(b)</sup>  |
| Series 2024-WOLF Class B | Series 2024-WOLF Class B | Series 2024-WOLF Class B | Series 2024-WOLF Class B |
| 1-month Term SOFR + 2.091% <br>Floor 2.091% <br>03/15/2039<br>| &nbsp;&nbsp; 5.751% | 540000 | &nbsp;&nbsp; 540337 |
| Series 2024-WOLF Class C | Series 2024-WOLF Class C | Series 2024-WOLF Class C | Series 2024-WOLF Class C |
| 1-month Term SOFR + 2.391% <br>Floor 2.391% <br>03/15/2039<br>| &nbsp;&nbsp; 6.051% | 360000 | &nbsp;&nbsp; 360450 |
| Series 2024-WOLF Class F | Series 2024-WOLF Class F | Series 2024-WOLF Class F | Series 2024-WOLF Class F |
| 1-month Term SOFR + 4.438% <br>Floor 4.438% <br>03/15/2039<br>| &nbsp;&nbsp; 8.098% | 430000 | &nbsp;&nbsp; 431881 |
| GS Mortgage Securities Corp II<sup>(a),(c)</sup>  | GS Mortgage Securities Corp II<sup>(a),(c)</sup>  | GS Mortgage Securities Corp II<sup>(a),(c)</sup>  | GS Mortgage Securities Corp II<sup>(a),(c)</sup>  |
| Series 2017-375H Class A | Series 2017-375H Class A | Series 2017-375H Class A | Series 2017-375H Class A |
| 09/10/2037 | &nbsp;&nbsp; 3.475% | 460000 | &nbsp;&nbsp; 450420 |
| Hilton USA Trust<sup>(a),(c)</sup>  | Hilton USA Trust<sup>(a),(c)</sup>  | Hilton USA Trust<sup>(a),(c)</sup>  | Hilton USA Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2016-HHV Class F | Subordinated Series 2016-HHV Class F | Subordinated Series 2016-HHV Class F | Subordinated Series 2016-HHV Class F |
| 11/05/2038 | &nbsp;&nbsp; 4.194% | 450000 | &nbsp;&nbsp; 442554 |
| Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  | Home Partners of America Trust<sup>(a)</sup>  |
| Series 2019-1 Class B | Series 2019-1 Class B | Series 2019-1 Class B | Series 2019-1 Class B |
| 09/17/2039 | &nbsp;&nbsp; 3.157% | 76218 | &nbsp;&nbsp; 74814 |
| Hudson Yards Mortgage Trust<sup>(a),(c)</sup>  | Hudson Yards Mortgage Trust<sup>(a),(c)</sup>  | Hudson Yards Mortgage Trust<sup>(a),(c)</sup>  | Hudson Yards Mortgage Trust<sup>(a),(c)</sup>  |
| Series 2019-55HY Class F | Series 2019-55HY Class F | Series 2019-55HY Class F | Series 2019-55HY Class F |
| 12/10/2041 | &nbsp;&nbsp; 2.943% | 85000 | &nbsp;&nbsp; 74160 |
| ILPT Commercial Mortgage Trust<sup>(a),(c)</sup>  | ILPT Commercial Mortgage Trust<sup>(a),(c)</sup>  | ILPT Commercial Mortgage Trust<sup>(a),(c)</sup>  | ILPT Commercial Mortgage Trust<sup>(a),(c)</sup>  |
| Series 2025-LPF2 Class E | Series 2025-LPF2 Class E | Series 2025-LPF2 Class E | Series 2025-LPF2 Class E |
| 07/15/2042 | &nbsp;&nbsp; 8.199% | 485000 | &nbsp;&nbsp; 502840 |
| INTOWN Mortgage Trust<sup>(a),(b)</sup>  | INTOWN Mortgage Trust<sup>(a),(b)</sup>  | INTOWN Mortgage Trust<sup>(a),(b)</sup>  | INTOWN Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-STAY Class B | Series 2025-STAY Class B | Series 2025-STAY Class B | Series 2025-STAY Class B |
| 1-month Term SOFR + 1.750% <br>Floor 1.750% <br>03/15/2042<br>| &nbsp;&nbsp; 5.410% | 245000 | &nbsp;&nbsp; 245000 |
| Series 2025-STAY Class C | Series 2025-STAY Class C | Series 2025-STAY Class C | Series 2025-STAY Class C |
| 1-month Term SOFR + 2.250% <br>Floor 2.250% <br>03/15/2042<br>| &nbsp;&nbsp; 5.910% | 105000 | &nbsp;&nbsp; 105295 |
| JPMBB Commercial Mortgage Securities Trust<sup>(c),(f)</sup>  | JPMBB Commercial Mortgage Securities Trust<sup>(c),(f)</sup>  | JPMBB Commercial Mortgage Securities Trust<sup>(c),(f)</sup>  | JPMBB Commercial Mortgage Securities Trust<sup>(c),(f)</sup>  |
| Series 2014-C23 Class XA | Series 2014-C23 Class XA | Series 2014-C23 Class XA | Series 2014-C23 Class XA |
| 09/15/2047 | &nbsp;&nbsp; 0.335% | 164362 | &nbsp;&nbsp; 6 |
| JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a)</sup>  |
| Series 2019-OSB Class A | Series 2019-OSB Class A | Series 2019-OSB Class A | Series 2019-OSB Class A |
| 06/05/2039 | &nbsp;&nbsp; 3.397% | 375000 | &nbsp;&nbsp; 356314 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  | JPMorgan Chase Commercial Mortgage Securities Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2022-NLP Class H | Subordinated Series 2022-NLP Class H | Subordinated Series 2022-NLP Class H | Subordinated Series 2022-NLP Class H |
| 1-month Term SOFR + 5.010% <br>Floor 5.010% <br>04/15/2037<br>| &nbsp;&nbsp; 8.920% | 216033 | &nbsp;&nbsp; 199107 |
| Life Mortgage Trust<sup>(a),(b)</sup>  | Life Mortgage Trust<sup>(a),(b)</sup>  | Life Mortgage Trust<sup>(a),(b)</sup>  | Life Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2022-BMR2 Class B | Series 2022-BMR2 Class B | Series 2022-BMR2 Class B | Series 2022-BMR2 Class B |
| 1-month Term SOFR + 1.794% <br>Floor 1.794% <br>05/15/2039<br>| &nbsp;&nbsp; 5.454% | 605000 | &nbsp;&nbsp; 558111 |
| MAD Commercial Mortgage Trust<sup>(a),(c)</sup>  | MAD Commercial Mortgage Trust<sup>(a),(c)</sup>  | MAD Commercial Mortgage Trust<sup>(a),(c)</sup>  | MAD Commercial Mortgage Trust<sup>(a),(c)</sup>  |
| Series 2025-11MD Class D | Series 2025-11MD Class D | Series 2025-11MD Class D | Series 2025-11MD Class D |
| 10/15/2042 | &nbsp;&nbsp; 5.935% | 580000 | &nbsp;&nbsp; 594936 |
| Morgan Stanley Bank of America Merrill Lynch Trust<sup>(c),(f)</sup>  | Morgan Stanley Bank of America Merrill Lynch Trust<sup>(c),(f)</sup>  | Morgan Stanley Bank of America Merrill Lynch Trust<sup>(c),(f)</sup>  | Morgan Stanley Bank of America Merrill Lynch Trust<sup>(c),(f)</sup>  |
| Series 2016-C31 Class XA | Series 2016-C31 Class XA | Series 2016-C31 Class XA | Series 2016-C31 Class XA |
| 11/15/2049 | &nbsp;&nbsp; 1.241% | 1854349 | &nbsp;&nbsp; 4607 |
| Natixis Commercial Mortgage Securities Trust<sup>(a),(c),(f)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c),(f)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c),(f)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c),(f)</sup>  |
| Series 2020-2PAC Class XA | Series 2020-2PAC Class XA | Series 2020-2PAC Class XA | Series 2020-2PAC Class XA |
| 12/15/2038 | &nbsp;&nbsp; 1.397% | 675687 | &nbsp;&nbsp; 8062 |
| Series 2020-2PAC Class XB | Series 2020-2PAC Class XB | Series 2020-2PAC Class XB | Series 2020-2PAC Class XB |
| 12/15/2038 | &nbsp;&nbsp; 0.959% | 2665000 | &nbsp;&nbsp; 22398 |
| Natixis Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | Natixis Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  |
| Subordinated Series 2018-ALXA Class E | Subordinated Series 2018-ALXA Class E | Subordinated Series 2018-ALXA Class E | Subordinated Series 2018-ALXA Class E |
| 01/15/2043 | &nbsp;&nbsp; 4.316% | 60000 | &nbsp;&nbsp; 52596 |
| NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  | NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  | NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  | NYC Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-3BP Class A | Series 2025-3BP Class A | Series 2025-3BP Class A | Series 2025-3BP Class A |
| 1-month Term SOFR + 1.213% <br>02/15/2042<br>| &nbsp;&nbsp; 4.893% | 270000 | &nbsp;&nbsp; 269494 |
| Series 2025-3BP Class D | Series 2025-3BP Class D | Series 2025-3BP Class D | Series 2025-3BP Class D |
| 1-month Term SOFR + 2.441% <br>02/15/2042<br>| &nbsp;&nbsp; 6.121% | 425000 | &nbsp;&nbsp; 425344 |
| One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  | One New York Plaza Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2020-1NYP Class AJ | Subordinated Series 2020-1NYP Class AJ | Subordinated Series 2020-1NYP Class AJ | Subordinated Series 2020-1NYP Class AJ |
| 1-month Term SOFR + 1.364% <br>Floor 1.250% <br>01/15/2036<br>| &nbsp;&nbsp; 5.024% | 372000 | &nbsp;&nbsp; 362004 |
| PGA Trust<sup>(a),(b)</sup>  | PGA Trust<sup>(a),(b)</sup>  | PGA Trust<sup>(a),(b)</sup>  | PGA Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2024-RSR2 Class B | Subordinated Series 2024-RSR2 Class B | Subordinated Series 2024-RSR2 Class B | Subordinated Series 2024-RSR2 Class B |
| 1-month Term SOFR + 2.390% <br>Floor 2.390% <br>06/15/2039<br>| &nbsp;&nbsp; 6.110% | 670000 | &nbsp;&nbsp; 669372 |
| Progress Residential Trust<sup>(a),(c)</sup>  | Progress Residential Trust<sup>(a),(c)</sup>  | Progress Residential Trust<sup>(a),(c)</sup>  | Progress Residential Trust<sup>(a),(c)</sup>  |
| Series 2024-SFR5 Class E2 | Series 2024-SFR5 Class E2 | Series 2024-SFR5 Class E2 | Series 2024-SFR5 Class E2 |
| 08/09/2029 | &nbsp;&nbsp; 3.625% | 740000 | &nbsp;&nbsp; 694493 |
| Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  | Progress Residential Trust<sup>(a)</sup>  |
| Series 2025-SFR1 Class E2 | Series 2025-SFR1 Class E2 | Series 2025-SFR1 Class E2 | Series 2025-SFR1 Class E2 |
| 02/17/2042 | &nbsp;&nbsp; 3.750% | 631000 | &nbsp;&nbsp; 593024 |
| Series 2026-SFR1 Class D | Series 2026-SFR1 Class D | Series 2026-SFR1 Class D | Series 2026-SFR1 Class D |
| 02/17/2043 | &nbsp;&nbsp; 4.000% | 230000 | &nbsp;&nbsp; 218941 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Subordinated Series 2021-SFR7 Class E2 | Subordinated Series 2021-SFR7 Class E2 | Subordinated Series 2021-SFR7 Class E2 | Subordinated Series 2021-SFR7 Class E2 | Subordinated Series 2021-SFR7 Class E2 |
| 08/17/2040 | &nbsp;&nbsp; 2.640% |  | 788000 | &nbsp;&nbsp; 745516 |
| Subordinated Series 2021-SFR9 Class E1 | Subordinated Series 2021-SFR9 Class E1 | Subordinated Series 2021-SFR9 Class E1 | Subordinated Series 2021-SFR9 Class E1 | Subordinated Series 2021-SFR9 Class E1 |
| 11/17/2040 | &nbsp;&nbsp; 2.811% |  | 910000 | &nbsp;&nbsp; 869677 |
| Subordinated Series 2024-SFR3 Class D | Subordinated Series 2024-SFR3 Class D | Subordinated Series 2024-SFR3 Class D | Subordinated Series 2024-SFR3 Class D | Subordinated Series 2024-SFR3 Class D |
| 06/17/2041 | &nbsp;&nbsp; 3.500% |  | 450000 | &nbsp;&nbsp; 429735 |
| RIDE<sup>(a),(c)</sup>  | RIDE<sup>(a),(c)</sup>  | RIDE<sup>(a),(c)</sup>  | RIDE<sup>(a),(c)</sup>  | RIDE<sup>(a),(c)</sup>  |
| Series 2025-SHRE Class D | Series 2025-SHRE Class D | Series 2025-SHRE Class D | Series 2025-SHRE Class D | Series 2025-SHRE Class D |
| 02/14/2035 | &nbsp;&nbsp; 6.297% |  | 400000 | &nbsp;&nbsp; 413249 |
| ROCK Trust<sup>(a)</sup>  | ROCK Trust<sup>(a)</sup>  | ROCK Trust<sup>(a)</sup>  | ROCK Trust<sup>(a)</sup>  | ROCK Trust<sup>(a)</sup>  |
| Series 2024-CNTR Class E | Series 2024-CNTR Class E | Series 2024-CNTR Class E | Series 2024-CNTR Class E | Series 2024-CNTR Class E |
| 11/13/2041 | &nbsp;&nbsp; 8.819% |  | 570000 | &nbsp;&nbsp; 610000 |
| SCOTT Trust<sup>(a)</sup>  | SCOTT Trust<sup>(a)</sup>  | SCOTT Trust<sup>(a)</sup>  | SCOTT Trust<sup>(a)</sup>  | SCOTT Trust<sup>(a)</sup>  |
| Subordinated Series 2023-SFS Class AS | Subordinated Series 2023-SFS Class AS | Subordinated Series 2023-SFS Class AS | Subordinated Series 2023-SFS Class AS | Subordinated Series 2023-SFS Class AS |
| 03/15/2040 | &nbsp;&nbsp; 6.204% |  | 100000 | &nbsp;&nbsp; 103093 |
| Sequoia Logistics DAC<sup>(a),(b)</sup>  | Sequoia Logistics DAC<sup>(a),(b)</sup>  | Sequoia Logistics DAC<sup>(a),(b)</sup>  | Sequoia Logistics DAC<sup>(a),(b)</sup>  | Sequoia Logistics DAC<sup>(a),(b)</sup>  |
| Series 2025-1A Class E | Series 2025-1A Class E | Series 2025-1A Class E | Series 2025-1A Class E | Series 2025-1A Class E |
| 3-month EURIBOR + 3.800% <br>02/17/2037<br>| &nbsp;&nbsp; 5.864% | EUR | 260000 | &nbsp;&nbsp; 307879 |
| SFAVE Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | SFAVE Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | SFAVE Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | SFAVE Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  | SFAVE Commercial Mortgage Securities Trust<sup>(a),(c)</sup>  |
| Series 2015-5AVE Class A2A | Series 2015-5AVE Class A2A | Series 2015-5AVE Class A2A | Series 2015-5AVE Class A2A | Series 2015-5AVE Class A2A |
| 01/05/2043 | &nbsp;&nbsp; 3.659% |  | 425000 | &nbsp;&nbsp; 377497 |
| Series 2015-5AVE Class A2B | Series 2015-5AVE Class A2B | Series 2015-5AVE Class A2B | Series 2015-5AVE Class A2B | Series 2015-5AVE Class A2B |
| 01/05/2043 | &nbsp;&nbsp; 4.144% |  | 35000 | &nbsp;&nbsp; 31489 |
| Subordinated Series 2015-5AVE Class C | Subordinated Series 2015-5AVE Class C | Subordinated Series 2015-5AVE Class C | Subordinated Series 2015-5AVE Class C | Subordinated Series 2015-5AVE Class C |
| 01/05/2043 | &nbsp;&nbsp; 4.388% |  | 345000 | &nbsp;&nbsp; 286240 |
| SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  | SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  | SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  | SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  | SMRT Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Subordinated Series 2022-MINI Class B | Subordinated Series 2022-MINI Class B | Subordinated Series 2022-MINI Class B | Subordinated Series 2022-MINI Class B | Subordinated Series 2022-MINI Class B |
| 1-month Term SOFR + 1.350% <br>Floor 1.350% <br>01/15/2039<br>| &nbsp;&nbsp; 5.010% |  | 350000 | &nbsp;&nbsp; 349781 |
| Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D | Subordinated Series 2022-MINI Class D |
| 1-month Term SOFR + 1.950% <br>Floor 1.950% <br>01/15/2039<br>| &nbsp;&nbsp; 5.610% |  | 430000 | &nbsp;&nbsp; 429597 |
| Subordinated Series 2022-MINI Class E | Subordinated Series 2022-MINI Class E | Subordinated Series 2022-MINI Class E | Subordinated Series 2022-MINI Class E | Subordinated Series 2022-MINI Class E |
| 1-month Term SOFR + 2.700% <br>Floor 2.700% <br>01/15/2039<br>| &nbsp;&nbsp; 6.360% |  | 350000 | &nbsp;&nbsp; 349562 |
| SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  | SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  | SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  | SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  | SWCH Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2025-DATA Class E | Series 2025-DATA Class E | Series 2025-DATA Class E | Series 2025-DATA Class E | Series 2025-DATA Class E |
| 1-month Term SOFR + 3.340% <br>Floor 3.290% <br>03/15/2042<br>| &nbsp;&nbsp; 7.020% |  | 625000 | &nbsp;&nbsp; 617669 |
| Tricon Residential Trust<sup>(a)</sup>  | Tricon Residential Trust<sup>(a)</sup>  | Tricon Residential Trust<sup>(a)</sup>  | Tricon Residential Trust<sup>(a)</sup>  | Tricon Residential Trust<sup>(a)</sup>  |
| Subordinated Series 2021-SFR1 Class F | Subordinated Series 2021-SFR1 Class F | Subordinated Series 2021-SFR1 Class F | Subordinated Series 2021-SFR1 Class F | Subordinated Series 2021-SFR1 Class F |
| 07/17/2038 | &nbsp;&nbsp; 3.692% |  | 670000 | &nbsp;&nbsp; 664912 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Commercial Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| UK Logistics DAC<sup>(a),(b)</sup>  | UK Logistics DAC<sup>(a),(b)</sup>  | UK Logistics DAC<sup>(a),(b)</sup>  | UK Logistics DAC<sup>(a),(b)</sup>  | UK Logistics DAC<sup>(a),(b)</sup>  |
| Series 2025-1A Class E | Series 2025-1A Class E | Series 2025-1A Class E | Series 2025-1A Class E | Series 2025-1A Class E |
| SONIA + 5.500% <br>05/17/2035<br>| &nbsp;&nbsp; 9.229% | GBP | 179470 | &nbsp;&nbsp; 242041 |
| Wells Fargo Commercial Mortgage Trust<sup>(a),(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(a),(c)</sup>  |
| Series 2024-SVEN Class D | Series 2024-SVEN Class D | Series 2024-SVEN Class D | Series 2024-SVEN Class D | Series 2024-SVEN Class D |
| 06/10/2037 | &nbsp;&nbsp; 6.323% |  | 667000 | &nbsp;&nbsp; 682467 |
| Wells Fargo Commercial Mortgage Trust<sup>(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(c)</sup>  | Wells Fargo Commercial Mortgage Trust<sup>(c)</sup>  |
| Subordinated Series 2018-C47 Class AS | Subordinated Series 2018-C47 Class AS | Subordinated Series 2018-C47 Class AS | Subordinated Series 2018-C47 Class AS | Subordinated Series 2018-C47 Class AS |
| 09/15/2061 | &nbsp;&nbsp; 4.673% |  | 560000 | &nbsp;&nbsp; 560847 |
| Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $28,609,068) | Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $28,609,068) | Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $28,609,068) | Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $28,609,068) | &nbsp;&nbsp; **29165493** |

---

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

---

| | | |
|:---|:---|:---|
| **Common Stocks 0.0%** | **Common Stocks 0.0%** | **Common Stocks 0.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Health Care 0.0%** | **Health Care 0.0%** | **Health Care 0.0%** |
| **Health Care Providers & Services 0.0%** | **Health Care Providers & Services 0.0%** | **Health Care Providers & Services 0.0%** |
| ModivCare Buyer LLC<sup>(i)</sup> <br>| &nbsp;&nbsp; 5056 | &nbsp;&nbsp; 33496 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **33496** |
| **Materials 0.0%** | **Materials 0.0%** | **Materials 0.0%** |
| **Containers & Packaging 0.0%** | **Containers & Packaging 0.0%** | **Containers & Packaging 0.0%** |
| Ardagh Holdings SA<sup>(a),(i)</sup> <br>| &nbsp;&nbsp; 8977 | &nbsp;&nbsp; 66205 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **66205** |
| **Real Estate 0.0%** | **Real Estate 0.0%** | **Real Estate 0.0%** |
| **Real Estate Management & Development 0.0%** | **Real Estate Management & Development 0.0%** | **Real Estate Management & Development 0.0%** |
| China Aoyuan Group Ltd.<sup>(i)</sup> <br>| &nbsp;&nbsp; 30741 | &nbsp;&nbsp; 298 |
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **298** |
| Total Common Stocks <br>(Cost $73,880) | Total Common Stocks <br>(Cost $73,880) | &nbsp;&nbsp; **99999** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Convertible Bonds**<sup>(g)</sup> **0.5%** | **Convertible Bonds**<sup>(g)</sup> **0.5%** | **Convertible Bonds**<sup>(g)</sup> **0.5%** | **Convertible Bonds**<sup>(g)</sup> **0.5%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| **Electric 0.4%** | **Electric 0.4%** | **Electric 0.4%** | **Electric 0.4%** |
| CenterPoint Energy, Inc.<sup>(a)</sup>  | CenterPoint Energy, Inc.<sup>(a)</sup>  | CenterPoint Energy, Inc.<sup>(a)</sup>  | CenterPoint Energy, Inc.<sup>(a)</sup>  |
| 08/01/2028 | &nbsp;&nbsp; 3.000% | 680000 | &nbsp;&nbsp; 719576 |
| CMS Energy Corp.<sup>(a)</sup>  | CMS Energy Corp.<sup>(a)</sup>  | CMS Energy Corp.<sup>(a)</sup>  | CMS Energy Corp.<sup>(a)</sup>  |
| 05/01/2031 | &nbsp;&nbsp; 3.125% | 250000 | &nbsp;&nbsp; 257825 |
| Exelon Corp.<sup>(a)</sup>  | Exelon Corp.<sup>(a)</sup>  | Exelon Corp.<sup>(a)</sup>  | Exelon Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 3.250% | 325000 | &nbsp;&nbsp; 337350 |
| FirstEnergy Corp.<sup>(a)</sup>  | FirstEnergy Corp.<sup>(a)</sup>  | FirstEnergy Corp.<sup>(a)</sup>  | FirstEnergy Corp.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 3.875% | 420000 | &nbsp;&nbsp; 488880 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Convertible Bonds**<sup>(g)</sup> **(continued)** | **Convertible Bonds**<sup>(g)</sup> **(continued)** | **Convertible Bonds**<sup>(g)</sup> **(continued)** | **Convertible Bonds**<sup>(g)</sup> **(continued)** | **Convertible Bonds**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Southern Co. (The)<sup>(a)</sup>  | Southern Co. (The)<sup>(a)</sup>  | Southern Co. (The)<sup>(a)</sup>  | Southern Co. (The)<sup>(a)</sup>  | Southern Co. (The)<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 3.250% |  | 245000 | &nbsp;&nbsp; 251493 |
| TXNM Energy, Inc. | TXNM Energy, Inc. | TXNM Energy, Inc. | TXNM Energy, Inc. | TXNM Energy, Inc. |
| 06/01/2054 | &nbsp;&nbsp; 5.750% |  | 265000 | &nbsp;&nbsp; 356173 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2411297** |
| **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** |
| Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  | Davide Campari-Milano NV<sup>(a)</sup>  |
| 01/17/2029 | &nbsp;&nbsp; 2.375% | EUR | 100000 | &nbsp;&nbsp; 116714 |
| **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** |
| Burlington Stores, Inc. | Burlington Stores, Inc. | Burlington Stores, Inc. | Burlington Stores, Inc. | Burlington Stores, Inc. |
| 12/15/2027 | &nbsp;&nbsp; 1.250% |  | 235000 | &nbsp;&nbsp; 367658 |
| **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** | **Technology 0.0%** |
| Worldline SA<sup>(a),(d)</sup>  | Worldline SA<sup>(a),(d)</sup>  | Worldline SA<sup>(a),(d)</sup>  | Worldline SA<sup>(a),(d)</sup>  | Worldline SA<sup>(a),(d)</sup>  |
| 07/30/2026 | &nbsp;&nbsp; 0.000% | EUR | 75955 | &nbsp;&nbsp; 90242 |
| Total Convertible Bonds <br>(Cost $2,630,096) | Total Convertible Bonds <br>(Cost $2,630,096) | Total Convertible Bonds <br>(Cost $2,630,096) | Total Convertible Bonds <br>(Cost $2,630,096) | &nbsp;&nbsp; **2985911** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Convertible Preferred Stocks 0.6%** | **Convertible Preferred Stocks 0.6%** | **Convertible Preferred Stocks 0.6%** | **Convertible Preferred Stocks 0.6%** |
| **Issuer** |  | **Shares** | **Value ($)** |
| **Industrials 0.2%** | **Industrials 0.2%** | **Industrials 0.2%** | **Industrials 0.2%** |
| **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** |
| Boeing Co. (The) | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 4300 | &nbsp;&nbsp; 312352 |
| **Trading Companies & Distributors 0.1%** | **Trading Companies & Distributors 0.1%** | **Trading Companies & Distributors 0.1%** | **Trading Companies & Distributors 0.1%** |
| QXO, Inc. | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 13350 | &nbsp;&nbsp; 886351 |
| **Total Industrials** | **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **1198703** |
| **Information Technology 0.1%** | **Information Technology 0.1%** | **Information Technology 0.1%** | **Information Technology 0.1%** |
| **Software 0.1%** | **Software 0.1%** | **Software 0.1%** | **Software 0.1%** |
| Oracle Corp. | &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 15400 | &nbsp;&nbsp; 706398 |
| **Technology Hardware, Storage & Peripherals 0.0%** | **Technology Hardware, Storage & Peripherals 0.0%** | **Technology Hardware, Storage & Peripherals 0.0%** | **Technology Hardware, Storage & Peripherals 0.0%** |
| Hewlett Packard Enterprise Co. | &nbsp;&nbsp; 7.625% | &nbsp;&nbsp; 5750 | &nbsp;&nbsp; 341204 |
| **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **1047602** |
| **Utilities 0.3%** | **Utilities 0.3%** | **Utilities 0.3%** | **Utilities 0.3%** |
| **Electric Utilities 0.3%** | **Electric Utilities 0.3%** | **Electric Utilities 0.3%** | **Electric Utilities 0.3%** |
| NextEra Energy, Inc. | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 22950 | &nbsp;&nbsp; 1167915 |
| Southern Co. (The) | &nbsp;&nbsp; 7.125% | &nbsp;&nbsp; 10150 | &nbsp;&nbsp; 544131 |
| Total |  |  | &nbsp;&nbsp; 1712046 |
| **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **1712046** |
| Total Convertible Preferred Stocks <br>(Cost $3,607,949) | Total Convertible Preferred Stocks <br>(Cost $3,607,949) | Total Convertible Preferred Stocks <br>(Cost $3,607,949) | &nbsp;&nbsp; **3958351** |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **18.9%** | **Corporate Bonds & Notes**<sup>(g)</sup> **18.9%** | **Corporate Bonds & Notes**<sup>(g)</sup> **18.9%** | **Corporate Bonds & Notes**<sup>(g)</sup> **18.9%** | **Corporate Bonds & Notes**<sup>(g)</sup> **18.9%** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **ABS Other 0.1%** | **ABS Other 0.1%** | **ABS Other 0.1%** | **ABS Other 0.1%** | **ABS Other 0.1%** |
| American Tower Trust #1<sup>(a)</sup>  | American Tower Trust #1<sup>(a)</sup>  | American Tower Trust #1<sup>(a)</sup>  | American Tower Trust #1<sup>(a)</sup>  | American Tower Trust #1<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 5.490% |  | 410000 | &nbsp;&nbsp; 415708 |
| SBA Tower Trust<sup>(a)</sup>  | SBA Tower Trust<sup>(a)</sup>  | SBA Tower Trust<sup>(a)</sup>  | SBA Tower Trust<sup>(a)</sup>  | SBA Tower Trust<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 6.599% |  | 240000 | &nbsp;&nbsp; 244210 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **659918** |
| **Aerospace & Defense 0.4%** | **Aerospace & Defense 0.4%** | **Aerospace & Defense 0.4%** | **Aerospace & Defense 0.4%** | **Aerospace & Defense 0.4%** |
| Airbus SE<sup>(a)</sup>  | Airbus SE<sup>(a)</sup>  | Airbus SE<sup>(a)</sup>  | Airbus SE<sup>(a)</sup>  | Airbus SE<sup>(a)</sup>  |
| 06/09/2030 | &nbsp;&nbsp; 1.625% | EUR | 100000 | &nbsp;&nbsp; 113260 |
| ATI, Inc. | ATI, Inc. | ATI, Inc. | ATI, Inc. | ATI, Inc. |
| 08/15/2030 | &nbsp;&nbsp; 7.250% |  | 92000 | &nbsp;&nbsp; 96331 |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 05/01/2050 | &nbsp;&nbsp; 5.805% |  | 290000 | &nbsp;&nbsp; 290865 |
| TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  |
| 12/01/2031 | &nbsp;&nbsp; 7.125% |  | 730000 | &nbsp;&nbsp; 765059 |
| 01/15/2033 | &nbsp;&nbsp; 6.000% |  | 260000 | &nbsp;&nbsp; 264753 |
| 05/31/2033 | &nbsp;&nbsp; 6.375% |  | 268000 | &nbsp;&nbsp; 273728 |
| 01/31/2034 | &nbsp;&nbsp; 6.250% |  | 115000 | &nbsp;&nbsp; 118918 |
| 01/31/2034 | &nbsp;&nbsp; 6.750% |  | 250000 | &nbsp;&nbsp; 259551 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2182465** |
| **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** |
| American Airlines Pass-Through Trust | American Airlines Pass-Through Trust | American Airlines Pass-Through Trust | American Airlines Pass-Through Trust | American Airlines Pass-Through Trust |
| Series 2016-2 Class AA | Series 2016-2 Class AA | Series 2016-2 Class AA | Series 2016-2 Class AA | Series 2016-2 Class AA |
| 06/15/2028 | &nbsp;&nbsp; 3.200% |  | 146125 | &nbsp;&nbsp; 143027 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  |
| 04/20/2029 | &nbsp;&nbsp; 5.750% |  | 715000 | &nbsp;&nbsp; 723397 |
| JetBlue Airways Corp./Loyalty LP<sup>(a)</sup>  | JetBlue Airways Corp./Loyalty LP<sup>(a)</sup>  | JetBlue Airways Corp./Loyalty LP<sup>(a)</sup>  | JetBlue Airways Corp./Loyalty LP<sup>(a)</sup>  | JetBlue Airways Corp./Loyalty LP<sup>(a)</sup>  |
| 09/20/2031 | &nbsp;&nbsp; 9.875% |  | 345000 | &nbsp;&nbsp; 350219 |
| JetBlue Pass-Through Trust | JetBlue Pass-Through Trust | JetBlue Pass-Through Trust | JetBlue Pass-Through Trust | JetBlue Pass-Through Trust |
| Series 2020-1 Class A | Series 2020-1 Class A | Series 2020-1 Class A | Series 2020-1 Class A | Series 2020-1 Class A |
| 11/15/2032 | &nbsp;&nbsp; 4.000% |  | 269126 | &nbsp;&nbsp; 257569 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1474212** |
| **Automotive 0.3%** | **Automotive 0.3%** | **Automotive 0.3%** | **Automotive 0.3%** | **Automotive 0.3%** |
| Allison Transmission. Inc.<sup>(a)</sup>  | Allison Transmission. Inc.<sup>(a)</sup>  | Allison Transmission. Inc.<sup>(a)</sup>  | Allison Transmission. Inc.<sup>(a)</sup>  | Allison Transmission. Inc.<sup>(a)</sup>  |
| 01/30/2031 | &nbsp;&nbsp; 3.750% |  | 100000 | &nbsp;&nbsp; 95018 |
| Ford Motor Co. | Ford Motor Co. | Ford Motor Co. | Ford Motor Co. | Ford Motor Co. |
| 02/12/2032 | &nbsp;&nbsp; 3.250% |  | 610000 | &nbsp;&nbsp; 548569 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| 10/09/2028 | &nbsp;&nbsp; 5.625% | GBP | 215000 | &nbsp;&nbsp; 294584 |
| General Motors Financial Co., Inc.<sup>(h),(j)</sup>  | General Motors Financial Co., Inc.<sup>(h),(j)</sup>  | General Motors Financial Co., Inc.<sup>(h),(j)</sup>  | General Motors Financial Co., Inc.<sup>(h),(j)</sup>  | General Motors Financial Co., Inc.<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 6.500% |  | 200000 | &nbsp;&nbsp; 202536 |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
|  | &nbsp;&nbsp; 5.700% |  | 110000 | &nbsp;&nbsp; 110489 |
| Robert Bosch GmbH<sup>(a)</sup>  | Robert Bosch GmbH<sup>(a)</sup>  | Robert Bosch GmbH<sup>(a)</sup>  | Robert Bosch GmbH<sup>(a)</sup>  | Robert Bosch GmbH<sup>(a)</sup>  |
| 06/02/2043 | &nbsp;&nbsp; 4.375% | EUR | 100000 | &nbsp;&nbsp; 119081 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  | Volkswagen Group of America Finance LLC<sup>(a)</sup>  |
| 03/25/2032 | &nbsp;&nbsp; 5.650% |  | 60000 | &nbsp;&nbsp; 62809 |
| Volkswagen International Finance NV<sup>(a),(h),(j)</sup>  | Volkswagen International Finance NV<sup>(a),(h),(j)</sup>  | Volkswagen International Finance NV<sup>(a),(h),(j)</sup>  | Volkswagen International Finance NV<sup>(a),(h),(j)</sup>  | Volkswagen International Finance NV<sup>(a),(h),(j)</sup>  |
|  | &nbsp;&nbsp; 7.875% | EUR | 200000 | &nbsp;&nbsp; 275904 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1708990** |
| **Banking 3.7%** | **Banking 3.7%** | **Banking 3.7%** | **Banking 3.7%** | **Banking 3.7%** |
| American Express Co.<sup>(h),(j)</sup>  | American Express Co.<sup>(h),(j)</sup>  | American Express Co.<sup>(h),(j)</sup>  | American Express Co.<sup>(h),(j)</sup>  | American Express Co.<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 3.550% |  | 85000 | &nbsp;&nbsp; 84386 |
| American Express Co.<sup>(h)</sup>  | American Express Co.<sup>(h)</sup>  | American Express Co.<sup>(h)</sup>  | American Express Co.<sup>(h)</sup>  | American Express Co.<sup>(h)</sup>  |
| 07/20/2033 | &nbsp;&nbsp; 4.918% |  | 170000 | &nbsp;&nbsp; 173844 |
| Bank of America Corp.<sup>(h),(j)</sup>  | Bank of America Corp.<sup>(h),(j)</sup>  | Bank of America Corp.<sup>(h),(j)</sup>  | Bank of America Corp.<sup>(h),(j)</sup>  | Bank of America Corp.<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 4.375% |  | 80000 | &nbsp;&nbsp; 79685 |
| Bank of America Corp.<sup>(h)</sup>  | Bank of America Corp.<sup>(h)</sup>  | Bank of America Corp.<sup>(h)</sup>  | Bank of America Corp.<sup>(h)</sup>  | Bank of America Corp.<sup>(h)</sup>  |
| 02/04/2028 | &nbsp;&nbsp; 2.551% |  | 110000 | &nbsp;&nbsp; 108579 |
| 10/24/2031 | &nbsp;&nbsp; 1.922% |  | 465000 | &nbsp;&nbsp; 419127 |
| 03/11/2032 | &nbsp;&nbsp; 2.651% |  | 135000 | &nbsp;&nbsp; 125243 |
| 04/22/2032 | &nbsp;&nbsp; 2.687% |  | 40000 | &nbsp;&nbsp; 37049 |
| Bank of Montreal<sup>(h),(j)</sup>  | Bank of Montreal<sup>(h),(j)</sup>  | Bank of Montreal<sup>(h),(j)</sup>  | Bank of Montreal<sup>(h),(j)</sup>  | Bank of Montreal<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 6.875% |  | 355000 | &nbsp;&nbsp; 366266 |
| Bank of Montreal<sup>(h)</sup>  | Bank of Montreal<sup>(h)</sup>  | Bank of Montreal<sup>(h)</sup>  | Bank of Montreal<sup>(h)</sup>  | Bank of Montreal<sup>(h)</sup>  |
| 11/26/2082 | &nbsp;&nbsp; 7.325% | CAD | 580000 | &nbsp;&nbsp; 449258 |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 11/26/2084 | &nbsp;&nbsp; 7.300% |  | 785000 | &nbsp;&nbsp; 834624 |
| Bank of Nova Scotia (The)<sup>(h)</sup>  | Bank of Nova Scotia (The)<sup>(h)</sup>  | Bank of Nova Scotia (The)<sup>(h)</sup>  | Bank of Nova Scotia (The)<sup>(h)</sup>  | Bank of Nova Scotia (The)<sup>(h)</sup>  |
| 10/27/2082 | &nbsp;&nbsp; 8.625% |  | 415000 | &nbsp;&nbsp; 438382 |
| 10/27/2085 | &nbsp;&nbsp; 6.875% |  | 595000 | &nbsp;&nbsp; 612136 |
| Barclays PLC<sup>(h),(j)</sup>  | Barclays PLC<sup>(h),(j)</sup>  | Barclays PLC<sup>(h),(j)</sup>  | Barclays PLC<sup>(h),(j)</sup>  | Barclays PLC<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 7.625% |  | 408000 | &nbsp;&nbsp; 433450 |
| BNP Paribas SA<sup>(a),(h),(j)</sup>  | BNP Paribas SA<sup>(a),(h),(j)</sup>  | BNP Paribas SA<sup>(a),(h),(j)</sup>  | BNP Paribas SA<sup>(a),(h),(j)</sup>  | BNP Paribas SA<sup>(a),(h),(j)</sup>  |
|  | &nbsp;&nbsp; 7.375% |  | 500000 | &nbsp;&nbsp; 525273 |
| Canadian Imperial Bank of Commerce<sup>(h),(j)</sup>  | Canadian Imperial Bank of Commerce<sup>(h),(j)</sup>  | Canadian Imperial Bank of Commerce<sup>(h),(j)</sup>  | Canadian Imperial Bank of Commerce<sup>(h),(j)</sup>  | Canadian Imperial Bank of Commerce<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 6.500% |  | 310000 | &nbsp;&nbsp; 311073 |
| Canadian Imperial Bank of Commerce<sup>(h)</sup>  | Canadian Imperial Bank of Commerce<sup>(h)</sup>  | Canadian Imperial Bank of Commerce<sup>(h)</sup>  | Canadian Imperial Bank of Commerce<sup>(h)</sup>  | Canadian Imperial Bank of Commerce<sup>(h)</sup>  |
| 10/28/2085 | &nbsp;&nbsp; 7.000% |  | 445000 | &nbsp;&nbsp; 461443 |
| Citibank NA | Citibank NA | Citibank NA | Citibank NA | Citibank NA |
| 05/29/2030 | &nbsp;&nbsp; 4.914% |  | 100000 | &nbsp;&nbsp; 103195 |
| Citigroup, Inc.<sup>(h)</sup>  | Citigroup, Inc.<sup>(h)</sup>  | Citigroup, Inc.<sup>(h)</sup>  | Citigroup, Inc.<sup>(h)</sup>  | Citigroup, Inc.<sup>(h)</sup>  |
| 05/01/2032 | &nbsp;&nbsp; 2.561% |  | 195000 | &nbsp;&nbsp; 178577 |
| ConnectOne Bancorp, Inc.<sup>(h)</sup>  | ConnectOne Bancorp, Inc.<sup>(h)</sup>  | ConnectOne Bancorp, Inc.<sup>(h)</sup>  | ConnectOne Bancorp, Inc.<sup>(h)</sup>  | ConnectOne Bancorp, Inc.<sup>(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 06/01/2035 | &nbsp;&nbsp; 8.125% |  | 270000 | &nbsp;&nbsp; 282167 |
| First Citizens BancShares, Inc.<sup>(h),(j)</sup>  | First Citizens BancShares, Inc.<sup>(h),(j)</sup>  | First Citizens BancShares, Inc.<sup>(h),(j)</sup>  | First Citizens BancShares, Inc.<sup>(h),(j)</sup>  | First Citizens BancShares, Inc.<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 7.000% |  | 750000 | &nbsp;&nbsp; 770401 |
| First Citizens BancShares, Inc.<sup>(h)</sup>  | First Citizens BancShares, Inc.<sup>(h)</sup>  | First Citizens BancShares, Inc.<sup>(h)</sup>  | First Citizens BancShares, Inc.<sup>(h)</sup>  | First Citizens BancShares, Inc.<sup>(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 03/12/2040 | &nbsp;&nbsp; 6.254% |  | 395000 | &nbsp;&nbsp; 402147 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| First Financial Bancorp<sup>(h)</sup>  | First Financial Bancorp<sup>(h)</sup>  | First Financial Bancorp<sup>(h)</sup>  | First Financial Bancorp<sup>(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 12/01/2035 | &nbsp;&nbsp; 6.375% | 245000 | &nbsp;&nbsp; 246920 |
| First Interstate BancSystem, Inc.<sup>(h)</sup>  | First Interstate BancSystem, Inc.<sup>(h)</sup>  | First Interstate BancSystem, Inc.<sup>(h)</sup>  | First Interstate BancSystem, Inc.<sup>(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 06/15/2035 | &nbsp;&nbsp; 7.625% | 180000 | &nbsp;&nbsp; 182692 |
| Five Star Bancorp<sup>(a),(h)</sup>  | Five Star Bancorp<sup>(a),(h)</sup>  | Five Star Bancorp<sup>(a),(h)</sup>  | Five Star Bancorp<sup>(a),(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/01/2032 | &nbsp;&nbsp; 6.000% | 95000 | &nbsp;&nbsp; 93514 |
| Flagstar Bank<sup>(b)</sup>  | Flagstar Bank<sup>(b)</sup>  | Flagstar Bank<sup>(b)</sup>  | Flagstar Bank<sup>(b)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 3-month Term SOFR + 2.780% <br>11/06/2028<br>| &nbsp;&nbsp; 6.707% | 145000 | &nbsp;&nbsp; 142880 |
| Goldman Sachs Group, Inc. (The)<sup>(h)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(h)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(h)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(h)</sup>  |
| 01/27/2032 | &nbsp;&nbsp; 1.992% | 200000 | &nbsp;&nbsp; 178923 |
| HSBC Holdings PLC<sup>(h),(j)</sup>  | HSBC Holdings PLC<sup>(h),(j)</sup>  | HSBC Holdings PLC<sup>(h),(j)</sup>  | HSBC Holdings PLC<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 6.950% | 555000 | &nbsp;&nbsp; 578593 |
| HSBC Holdings PLC<sup>(b)</sup>  | HSBC Holdings PLC<sup>(b)</sup>  | HSBC Holdings PLC<sup>(b)</sup>  | HSBC Holdings PLC<sup>(b)</sup>  |
| SOFR + 1.570% <br>05/13/2031<br>| &nbsp;&nbsp; 5.240% | 580000 | &nbsp;&nbsp; 593240 |
| Huntington Bancshares, Inc.<sup>(h),(j)</sup>  | Huntington Bancshares, Inc.<sup>(h),(j)</sup>  | Huntington Bancshares, Inc.<sup>(h),(j)</sup>  | Huntington Bancshares, Inc.<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 6.250% | 822000 | &nbsp;&nbsp; 829879 |
| Independent Bank Group, Inc.<sup>(h)</sup>  | Independent Bank Group, Inc.<sup>(h)</sup>  | Independent Bank Group, Inc.<sup>(h)</sup>  | Independent Bank Group, Inc.<sup>(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 08/15/2034 | &nbsp;&nbsp; 8.375% | 140000 | &nbsp;&nbsp; 150842 |
| ING Groep NV<sup>(h),(j)</sup>  | ING Groep NV<sup>(h),(j)</sup>  | ING Groep NV<sup>(h),(j)</sup>  | ING Groep NV<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 7.000% | 355000 | &nbsp;&nbsp; 368618 |
| JPMorgan Chase & Co.<sup>(h),(j)</sup>  | JPMorgan Chase & Co.<sup>(h),(j)</sup>  | JPMorgan Chase & Co.<sup>(h),(j)</sup>  | JPMorgan Chase & Co.<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 3.650% | 85000 | &nbsp;&nbsp; 84690 |
| JPMorgan Chase & Co.<sup>(h)</sup>  | JPMorgan Chase & Co.<sup>(h)</sup>  | JPMorgan Chase & Co.<sup>(h)</sup>  | JPMorgan Chase & Co.<sup>(h)</sup>  |
| 04/22/2027 | &nbsp;&nbsp; 1.578% | 285000 | &nbsp;&nbsp; 284010 |
| 04/26/2028 | &nbsp;&nbsp; 4.323% | 90000 | &nbsp;&nbsp; 90313 |
| 06/01/2029 | &nbsp;&nbsp; 2.069% | 615000 | &nbsp;&nbsp; 589591 |
| 11/19/2031 | &nbsp;&nbsp; 1.764% | 305000 | &nbsp;&nbsp; 273213 |
| Lloyds Banking Group PLC<sup>(h),(j)</sup>  | Lloyds Banking Group PLC<sup>(h),(j)</sup>  | Lloyds Banking Group PLC<sup>(h),(j)</sup>  | Lloyds Banking Group PLC<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 6.625% | 330000 | &nbsp;&nbsp; 327628 |
| Morgan Stanley<sup>(h)</sup>  | Morgan Stanley<sup>(h)</sup>  | Morgan Stanley<sup>(h)</sup>  | Morgan Stanley<sup>(h)</sup>  |
| 07/20/2029 | &nbsp;&nbsp; 5.449% | 250000 | &nbsp;&nbsp; 257787 |
| Morgan Stanley Private Bank<sup>(h)</sup>  | Morgan Stanley Private Bank<sup>(h)</sup>  | Morgan Stanley Private Bank<sup>(h)</sup>  | Morgan Stanley Private Bank<sup>(h)</sup>  |
| 11/17/2028 | &nbsp;&nbsp; 4.204% | 510000 | &nbsp;&nbsp; 511768 |
| 11/19/2031 | &nbsp;&nbsp; 4.465% | 150000 | &nbsp;&nbsp; 150856 |
| Morgan Stanley Private Bank NA<sup>(h)</sup>  | Morgan Stanley Private Bank NA<sup>(h)</sup>  | Morgan Stanley Private Bank NA<sup>(h)</sup>  | Morgan Stanley Private Bank NA<sup>(h)</sup>  |
| 07/18/2031 | &nbsp;&nbsp; 4.734% | 235000 | &nbsp;&nbsp; 239219 |
| Pinnacle Financial Partners, Inc. | Pinnacle Financial Partners, Inc. | Pinnacle Financial Partners, Inc. | Pinnacle Financial Partners, Inc. |
| 01/15/2036 | &nbsp;&nbsp; 5.957% | 460000 | &nbsp;&nbsp; 467136 |
| PNC Financial Services Group, Inc. (The)<sup>(h),(j)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(h),(j)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(h),(j)</sup>  | PNC Financial Services Group, Inc. (The)<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 3.400% | 305000 | &nbsp;&nbsp; 301720 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. | Popular, Inc. |
| 03/13/2028 | &nbsp;&nbsp; 7.250% |  | 215000 | &nbsp;&nbsp; 224498 |
| Provident Financial Services, Inc.<sup>(h)</sup>  | Provident Financial Services, Inc.<sup>(h)</sup>  | Provident Financial Services, Inc.<sup>(h)</sup>  | Provident Financial Services, Inc.<sup>(h)</sup>  | Provident Financial Services, Inc.<sup>(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 05/15/2034 | &nbsp;&nbsp; 9.000% |  | 210000 | &nbsp;&nbsp; 219823 |
| Royal Bank of Canada<sup>(h),(j)</sup>  | Royal Bank of Canada<sup>(h),(j)</sup>  | Royal Bank of Canada<sup>(h),(j)</sup>  | Royal Bank of Canada<sup>(h),(j)</sup>  | Royal Bank of Canada<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 4.200% | CAD | 800000 | &nbsp;&nbsp; 576745 |
| Royal Bank of Canada<sup>(h)</sup>  | Royal Bank of Canada<sup>(h)</sup>  | Royal Bank of Canada<sup>(h)</sup>  | Royal Bank of Canada<sup>(h)</sup>  | Royal Bank of Canada<sup>(h)</sup>  |
| 11/24/2084 | &nbsp;&nbsp; 6.350% |  | 515000 | &nbsp;&nbsp; 508883 |
| 08/24/2085 | &nbsp;&nbsp; 6.750% |  | 165000 | &nbsp;&nbsp; 170892 |
| 05/24/2086 | &nbsp;&nbsp; 6.500% |  | 735000 | &nbsp;&nbsp; 734966 |
| Santander UK Group Holdings PLC<sup>(h)</sup>  | Santander UK Group Holdings PLC<sup>(h)</sup>  | Santander UK Group Holdings PLC<sup>(h)</sup>  | Santander UK Group Holdings PLC<sup>(h)</sup>  | Santander UK Group Holdings PLC<sup>(h)</sup>  |
| 06/14/2027 | &nbsp;&nbsp; 1.673% |  | 110000 | &nbsp;&nbsp; 109237 |
| Simmons First National Corp.<sup>(h)</sup>  | Simmons First National Corp.<sup>(h)</sup>  | Simmons First National Corp.<sup>(h)</sup>  | Simmons First National Corp.<sup>(h)</sup>  | Simmons First National Corp.<sup>(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 10/01/2035 | &nbsp;&nbsp; 6.250% |  | 325000 | &nbsp;&nbsp; 330034 |
| Societe Generale SA<sup>(a),(h),(j)</sup>  | Societe Generale SA<sup>(a),(h),(j)</sup>  | Societe Generale SA<sup>(a),(h),(j)</sup>  | Societe Generale SA<sup>(a),(h),(j)</sup>  | Societe Generale SA<sup>(a),(h),(j)</sup>  |
|  | &nbsp;&nbsp; 7.125% |  | 260000 | &nbsp;&nbsp; 258524 |
|  | &nbsp;&nbsp; 8.125% |  | 700000 | &nbsp;&nbsp; 743884 |
| Southside Bancshares, Inc.<sup>(h)</sup>  | Southside Bancshares, Inc.<sup>(h)</sup>  | Southside Bancshares, Inc.<sup>(h)</sup>  | Southside Bancshares, Inc.<sup>(h)</sup>  | Southside Bancshares, Inc.<sup>(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 08/15/2035 | &nbsp;&nbsp; 7.000% |  | 365000 | &nbsp;&nbsp; 369183 |
| Standard Chartered PLC<sup>(a),(h),(j)</sup>  | Standard Chartered PLC<sup>(a),(h),(j)</sup>  | Standard Chartered PLC<sup>(a),(h),(j)</sup>  | Standard Chartered PLC<sup>(a),(h),(j)</sup>  | Standard Chartered PLC<sup>(a),(h),(j)</sup>  |
|  | &nbsp;&nbsp; 7.000% |  | 315000 | &nbsp;&nbsp; 324964 |
| Toronto-Dominion Bank (The)<sup>(h)</sup>  | Toronto-Dominion Bank (The)<sup>(h)</sup>  | Toronto-Dominion Bank (The)<sup>(h)</sup>  | Toronto-Dominion Bank (The)<sup>(h)</sup>  | Toronto-Dominion Bank (The)<sup>(h)</sup>  |
| 10/31/2082 | &nbsp;&nbsp; 8.125% |  | 630000 | &nbsp;&nbsp; 659758 |
| UBS Group AG<sup>(a),(h),(j)</sup>  | UBS Group AG<sup>(a),(h),(j)</sup>  | UBS Group AG<sup>(a),(h),(j)</sup>  | UBS Group AG<sup>(a),(h),(j)</sup>  | UBS Group AG<sup>(a),(h),(j)</sup>  |
|  | &nbsp;&nbsp; 7.000% |  | 995000 | &nbsp;&nbsp; 1001895 |
|  | &nbsp;&nbsp; 7.125% |  | 370000 | &nbsp;&nbsp; 379041 |
| US Bancorp<sup>(h),(j)</sup>  | US Bancorp<sup>(h),(j)</sup>  | US Bancorp<sup>(h),(j)</sup>  | US Bancorp<sup>(h),(j)</sup>  | US Bancorp<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 3.700% |  | 345000 | &nbsp;&nbsp; 341405 |
| US Bancorp<sup>(h)</sup>  | US Bancorp<sup>(h)</sup>  | US Bancorp<sup>(h)</sup>  | US Bancorp<sup>(h)</sup>  | US Bancorp<sup>(h)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 5.083% |  | 215000 | &nbsp;&nbsp; 222292 |
| Wells Fargo & Co.<sup>(h)</sup>  | Wells Fargo & Co.<sup>(h)</sup>  | Wells Fargo & Co.<sup>(h)</sup>  | Wells Fargo & Co.<sup>(h)</sup>  | Wells Fargo & Co.<sup>(h)</sup>  |
| 06/02/2028 | &nbsp;&nbsp; 2.393% |  | 140000 | &nbsp;&nbsp; 137232 |
| 07/25/2029 | &nbsp;&nbsp; 5.574% |  | 230000 | &nbsp;&nbsp; 238018 |
| 02/11/2031 | &nbsp;&nbsp; 2.572% |  | 405000 | &nbsp;&nbsp; 381154 |
| 01/23/2035 | &nbsp;&nbsp; 5.499% |  | 5000 | &nbsp;&nbsp; 5235 |
| Wells Fargo & Co.<sup>(a),(h)</sup>  | Wells Fargo & Co.<sup>(a),(h)</sup>  | Wells Fargo & Co.<sup>(a),(h)</sup>  | Wells Fargo & Co.<sup>(a),(h)</sup>  | Wells Fargo & Co.<sup>(a),(h)</sup>  |
| 07/22/2032 | &nbsp;&nbsp; 3.900% | EUR | 205000 | &nbsp;&nbsp; 250533 |
| Western Alliance Ban corp.<sup>(h)</sup>  | Western Alliance Ban corp.<sup>(h)</sup>  | Western Alliance Ban corp.<sup>(h)</sup>  | Western Alliance Ban corp.<sup>(h)</sup>  | Western Alliance Ban corp.<sup>(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 06/15/2031 | &nbsp;&nbsp; 3.000% |  | 490000 | &nbsp;&nbsp; 484790 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **22813323** |
| **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** |
| Jane Street Group/Finance, Inc.<sup>(a)</sup>  | Jane Street Group/Finance, Inc.<sup>(a)</sup>  | Jane Street Group/Finance, Inc.<sup>(a)</sup>  | Jane Street Group/Finance, Inc.<sup>(a)</sup>  | Jane Street Group/Finance, Inc.<sup>(a)</sup>  |
| 11/01/2032 | &nbsp;&nbsp; 6.125% |  | 30000 | &nbsp;&nbsp; 30097 |
| 05/01/2033 | &nbsp;&nbsp; 6.750% |  | 105000 | &nbsp;&nbsp; 107727 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  | Jane Street Group/JSG Finance, Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 4.500% |  | 95000 | &nbsp;&nbsp; 92468 |
| 04/30/2031 | &nbsp;&nbsp; 7.125% |  | 80000 | &nbsp;&nbsp; 82878 |
| OMERS Finance Trust<sup>(a)</sup>  | OMERS Finance Trust<sup>(a)</sup>  | OMERS Finance Trust<sup>(a)</sup>  | OMERS Finance Trust<sup>(a)</sup>  | OMERS Finance Trust<sup>(a)</sup>  |
| 01/28/2035 | &nbsp;&nbsp; 3.250% | EUR | 260000 | &nbsp;&nbsp; 312189 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **625359** |
| **Building Materials 0.2%** | **Building Materials 0.2%** | **Building Materials 0.2%** | **Building Materials 0.2%** | **Building Materials 0.2%** |
| Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 6.375% |  | 150000 | &nbsp;&nbsp; 155916 |
| 03/01/2033 | &nbsp;&nbsp; 6.750% |  | 189000 | &nbsp;&nbsp; 196420 |
| Stanley Black & Decker, Inc.<sup>(b)</sup>  | Stanley Black & Decker, Inc.<sup>(b)</sup>  | Stanley Black & Decker, Inc.<sup>(b)</sup>  | Stanley Black & Decker, Inc.<sup>(b)</sup>  | Stanley Black & Decker, Inc.<sup>(b)</sup>  |
| 5-year CMT + 6.707% <br>03/15/2060<br>| &nbsp;&nbsp; 6.707% |  | 870000 | &nbsp;&nbsp; 871446 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1223782** |
| **Cable and Satellite 0.5%** | **Cable and Satellite 0.5%** | **Cable and Satellite 0.5%** | **Cable and Satellite 0.5%** | **Cable and Satellite 0.5%** |
| CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  |
| 06/01/2029 | &nbsp;&nbsp; 5.375% |  | 100000 | &nbsp;&nbsp; 99788 |
| 03/01/2030 | &nbsp;&nbsp; 4.750% |  | 15000 | &nbsp;&nbsp; 14502 |
| 02/01/2031 | &nbsp;&nbsp; 4.250% |  | 170000 | &nbsp;&nbsp; 158412 |
| CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. |
| 05/01/2032 | &nbsp;&nbsp; 4.500% |  | 55000 | &nbsp;&nbsp; 50361 |
| Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC |
| 06/01/2034 | &nbsp;&nbsp; 6.550% |  | 150000 | &nbsp;&nbsp; 159456 |
| Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital | Charter Communications Operating LLC/Capital |
| 04/01/2031 | &nbsp;&nbsp; 2.800% |  | 20000 | &nbsp;&nbsp; 18182 |
| 02/01/2034 | &nbsp;&nbsp; 6.650% |  | 40000 | &nbsp;&nbsp; 42504 |
| 03/01/2042 | &nbsp;&nbsp; 3.500% |  | 255000 | &nbsp;&nbsp; 180178 |
| 04/01/2048 | &nbsp;&nbsp; 5.750% |  | 340000 | &nbsp;&nbsp; 295199 |
| 07/01/2049 | &nbsp;&nbsp; 5.125% |  | 690000 | &nbsp;&nbsp; 548302 |
| 04/01/2051 | &nbsp;&nbsp; 3.700% |  | 255000 | &nbsp;&nbsp; 165063 |
| CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  |
| 01/31/2029 | &nbsp;&nbsp; 11.750% |  | 317000 | &nbsp;&nbsp; 225918 |
| 02/01/2029 | &nbsp;&nbsp; 6.500% |  | 145000 | &nbsp;&nbsp; 91516 |
| 01/15/2030 | &nbsp;&nbsp; 5.750% |  | 36000 | &nbsp;&nbsp; 13927 |
| 12/01/2030 | &nbsp;&nbsp; 4.625% |  | 55000 | &nbsp;&nbsp; 20353 |
| DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  |
| 11/15/2027 | &nbsp;&nbsp; 11.750% |  | 127000 | &nbsp;&nbsp; 131176 |
| EchoStar Corp. | EchoStar Corp. | EchoStar Corp. | EchoStar Corp. | EchoStar Corp. |
| 11/30/2029 | &nbsp;&nbsp; 10.750% |  | 68000 | &nbsp;&nbsp; 74267 |
| Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  |
| 08/01/2027 | &nbsp;&nbsp; 5.000% |  | 135000 | &nbsp;&nbsp; 134978 |
| 07/01/2030 | &nbsp;&nbsp; 4.125% |  | 308000 | &nbsp;&nbsp; 290221 |
| Virgin Media O2 Vendor Financing Notes VI DAC<sup>(a)</sup>  | Virgin Media O2 Vendor Financing Notes VI DAC<sup>(a)</sup>  | Virgin Media O2 Vendor Financing Notes VI DAC<sup>(a)</sup>  | Virgin Media O2 Vendor Financing Notes VI DAC<sup>(a)</sup>  | Virgin Media O2 Vendor Financing Notes VI DAC<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 8.500% |  | 116000 | &nbsp;&nbsp; 106738 |
| Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 5.500% |  | 80000 | &nbsp;&nbsp; 77777 |
| 01/15/2030 | &nbsp;&nbsp; 4.250% | GBP | 150000 | &nbsp;&nbsp; 186481 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 5.000% | 340000 | &nbsp;&nbsp; 302251 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3387550** |
| **Chemicals 0.1%** | **Chemicals 0.1%** | **Chemicals 0.1%** | **Chemicals 0.1%** |
| EverArc Escrow Sarl<sup>(a)</sup>  | EverArc Escrow Sarl<sup>(a)</sup>  | EverArc Escrow Sarl<sup>(a)</sup>  | EverArc Escrow Sarl<sup>(a)</sup>  |
| 10/30/2029 | &nbsp;&nbsp; 5.000% | 212000 | &nbsp;&nbsp; 208779 |
| International Flavors & Fragrances, Inc.<sup>(a)</sup>  | International Flavors & Fragrances, Inc.<sup>(a)</sup>  | International Flavors & Fragrances, Inc.<sup>(a)</sup>  | International Flavors & Fragrances, Inc.<sup>(a)</sup>  |
| 11/01/2030 | &nbsp;&nbsp; 2.300% | 455000 | &nbsp;&nbsp; 415235 |
| 11/15/2040 | &nbsp;&nbsp; 3.268% | 5000 | &nbsp;&nbsp; 3927 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **627941** |
| **Construction Machinery 0.1%** | **Construction Machinery 0.1%** | **Construction Machinery 0.1%** | **Construction Machinery 0.1%** |
| United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. |
| 07/15/2030 | &nbsp;&nbsp; 4.000% | 285000 | &nbsp;&nbsp; 277342 |
| 02/15/2031 | &nbsp;&nbsp; 3.875% | 475000 | &nbsp;&nbsp; 457667 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **735009** |
| **Consumer Cyclical Services 0.2%** | **Consumer Cyclical Services 0.2%** | **Consumer Cyclical Services 0.2%** | **Consumer Cyclical Services 0.2%** |
| Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 4.125% | 150000 | &nbsp;&nbsp; 142526 |
| Raven Acquisition Holdings LLC<sup>(a)</sup>  | Raven Acquisition Holdings LLC<sup>(a)</sup>  | Raven Acquisition Holdings LLC<sup>(a)</sup>  | Raven Acquisition Holdings LLC<sup>(a)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 6.875% | 65000 | &nbsp;&nbsp; 62467 |
| Rentokil Terminix Funding LLC<sup>(a)</sup>  | Rentokil Terminix Funding LLC<sup>(a)</sup>  | Rentokil Terminix Funding LLC<sup>(a)</sup>  | Rentokil Terminix Funding LLC<sup>(a)</sup>  |
| 04/28/2030 | &nbsp;&nbsp; 5.000% | 205000 | &nbsp;&nbsp; 209914 |
| Rollins, Inc. | Rollins, Inc. | Rollins, Inc. | Rollins, Inc. |
| 02/24/2035 | &nbsp;&nbsp; 5.250% | 315000 | &nbsp;&nbsp; 323859 |
| Staples, Inc.<sup>(a)</sup>  | Staples, Inc.<sup>(a)</sup>  | Staples, Inc.<sup>(a)</sup>  | Staples, Inc.<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 10.750% | 45000 | &nbsp;&nbsp; 41445 |
| Uber Technologies, Inc. | Uber Technologies, Inc. | Uber Technologies, Inc. | Uber Technologies, Inc. |
| 09/15/2034 | &nbsp;&nbsp; 4.800% | 210000 | &nbsp;&nbsp; 210563 |
| VT Topco, Inc.<sup>(a)</sup>  | VT Topco, Inc.<sup>(a)</sup>  | VT Topco, Inc.<sup>(a)</sup>  | VT Topco, Inc.<sup>(a)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 8.500% | 205000 | &nbsp;&nbsp; 203807 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1194581** |
| **Consumer Products 0.1%** | **Consumer Products 0.1%** | **Consumer Products 0.1%** | **Consumer Products 0.1%** |
| Edgewell Personal Care Co.<sup>(a)</sup>  | Edgewell Personal Care Co.<sup>(a)</sup>  | Edgewell Personal Care Co.<sup>(a)</sup>  | Edgewell Personal Care Co.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 5.500% | 94000 | &nbsp;&nbsp; 93805 |
| 04/01/2029 | &nbsp;&nbsp; 4.125% | 10000 | &nbsp;&nbsp; 9650 |
| Energizer Holdings, Inc.<sup>(a)</sup>  | Energizer Holdings, Inc.<sup>(a)</sup>  | Energizer Holdings, Inc.<sup>(a)</sup>  | Energizer Holdings, Inc.<sup>(a)</sup>  |
| 09/15/2033 | &nbsp;&nbsp; 6.000% | 155000 | &nbsp;&nbsp; 151438 |
| Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  |
| 03/31/2032 | &nbsp;&nbsp; 6.500% | 105000 | &nbsp;&nbsp; 108114 |
| Prestige Brands, Inc.<sup>(a)</sup>  | Prestige Brands, Inc.<sup>(a)</sup>  | Prestige Brands, Inc.<sup>(a)</sup>  | Prestige Brands, Inc.<sup>(a)</sup>  |
| 04/01/2031 | &nbsp;&nbsp; 3.750% | 207000 | &nbsp;&nbsp; 193719 |
| Spectrum Brands, Inc.<sup>(a)</sup>  | Spectrum Brands, Inc.<sup>(a)</sup>  | Spectrum Brands, Inc.<sup>(a)</sup>  | Spectrum Brands, Inc.<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 3.875% | 272000 | &nbsp;&nbsp; 238730 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **795456** |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** | **Diversified Manufacturing 0.0%** |
| Johnson Controls International PLC/Tyco Fire & Security Finance SCA | Johnson Controls International PLC/Tyco Fire & Security Finance SCA | Johnson Controls International PLC/Tyco Fire & Security Finance SCA | Johnson Controls International PLC/Tyco Fire & Security Finance SCA | Johnson Controls International PLC/Tyco Fire & Security Finance SCA |
| 09/15/2027 | &nbsp;&nbsp; 0.375% | EUR | 100000 | &nbsp;&nbsp; 114425 |
| Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 5.250% |  | 100000 | &nbsp;&nbsp; 99868 |
| WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  |
| 04/15/2031 | &nbsp;&nbsp; 5.250% |  | 85000 | &nbsp;&nbsp; 85271 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **299564** |
| **Electric 1.9%** | **Electric 1.9%** | **Electric 1.9%** | **Electric 1.9%** | **Electric 1.9%** |
| AES Corp. (The)<sup>(h)</sup>  | AES Corp. (The)<sup>(h)</sup>  | AES Corp. (The)<sup>(h)</sup>  | AES Corp. (The)<sup>(h)</sup>  | AES Corp. (The)<sup>(h)</sup>  |
| 01/15/2055 | &nbsp;&nbsp; 7.600% |  | 1350000 | &nbsp;&nbsp; 1359521 |
| Alliant Energy Corp.<sup>(h)</sup>  | Alliant Energy Corp.<sup>(h)</sup>  | Alliant Energy Corp.<sup>(h)</sup>  | Alliant Energy Corp.<sup>(h)</sup>  | Alliant Energy Corp.<sup>(h)</sup>  |
| 04/01/2056 | &nbsp;&nbsp; 5.750% |  | 435000 | &nbsp;&nbsp; 432587 |
| Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  | Alliant Energy Finance LLC<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 3.600% |  | 405000 | &nbsp;&nbsp; 383421 |
| Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.750% |  | 205000 | &nbsp;&nbsp; 213190 |
| American Electric Power Co, Inc.<sup>(h)</sup>  | American Electric Power Co, Inc.<sup>(h)</sup>  | American Electric Power Co, Inc.<sup>(h)</sup>  | American Electric Power Co, Inc.<sup>(h)</sup>  | American Electric Power Co, Inc.<sup>(h)</sup>  |
| 03/15/2056 | &nbsp;&nbsp; 5.800% |  | 655000 | &nbsp;&nbsp; 658523 |
| American Electric Power Co., Inc.<sup>(h)</sup>  | American Electric Power Co., Inc.<sup>(h)</sup>  | American Electric Power Co., Inc.<sup>(h)</sup>  | American Electric Power Co., Inc.<sup>(h)</sup>  | American Electric Power Co., Inc.<sup>(h)</sup>  |
| 12/15/2054 | &nbsp;&nbsp; 6.950% |  | 670000 | &nbsp;&nbsp; 724229 |
| Amprion GmbH<sup>(a)</sup>  | Amprion GmbH<sup>(a)</sup>  | Amprion GmbH<sup>(a)</sup>  | Amprion GmbH<sup>(a)</sup>  | Amprion GmbH<sup>(a)</sup>  |
| 01/15/2046 | &nbsp;&nbsp; 4.580% | EUR | 100000 | &nbsp;&nbsp; 120802 |
| Ausgrid Finance Pty Ltd.<sup>(a)</sup>  | Ausgrid Finance Pty Ltd.<sup>(a)</sup>  | Ausgrid Finance Pty Ltd.<sup>(a)</sup>  | Ausgrid Finance Pty Ltd.<sup>(a)</sup>  | Ausgrid Finance Pty Ltd.<sup>(a)</sup>  |
| 12/10/2035 | &nbsp;&nbsp; 5.946% | AUD | 130000 | &nbsp;&nbsp; 93604 |
| CenterPoint Energy, Inc.<sup>(h)</sup>  | CenterPoint Energy, Inc.<sup>(h)</sup>  | CenterPoint Energy, Inc.<sup>(h)</sup>  | CenterPoint Energy, Inc.<sup>(h)</sup>  | CenterPoint Energy, Inc.<sup>(h)</sup>  |
| 04/01/2056 | &nbsp;&nbsp; 5.950% |  | 175000 | &nbsp;&nbsp; 176143 |
| CMS Energy Corp.<sup>(h)</sup>  | CMS Energy Corp.<sup>(h)</sup>  | CMS Energy Corp.<sup>(h)</sup>  | CMS Energy Corp.<sup>(h)</sup>  | CMS Energy Corp.<sup>(h)</sup>  |
| 06/01/2055 | &nbsp;&nbsp; 6.500% |  | 140000 | &nbsp;&nbsp; 145900 |
| Dominion Energy, Inc.<sup>(h)</sup>  | Dominion Energy, Inc.<sup>(h)</sup>  | Dominion Energy, Inc.<sup>(h)</sup>  | Dominion Energy, Inc.<sup>(h)</sup>  | Dominion Energy, Inc.<sup>(h)</sup>  |
| 06/01/2054 | &nbsp;&nbsp; 7.000% |  | 435000 | &nbsp;&nbsp; 472265 |
| 02/01/2055 | &nbsp;&nbsp; 6.875% |  | 335000 | &nbsp;&nbsp; 351445 |
| 05/15/2055 | &nbsp;&nbsp; 6.625% |  | 355000 | &nbsp;&nbsp; 368767 |
| 02/15/2056 | &nbsp;&nbsp; 6.000% |  | 600000 | &nbsp;&nbsp; 609218 |
| Duke Energy Corp.<sup>(h)</sup>  | Duke Energy Corp.<sup>(h)</sup>  | Duke Energy Corp.<sup>(h)</sup>  | Duke Energy Corp.<sup>(h)</sup>  | Duke Energy Corp.<sup>(h)</sup>  |
| 09/01/2054 | &nbsp;&nbsp; 6.450% |  | 90000 | &nbsp;&nbsp; 94827 |
| E.ON SE<sup>(a)</sup>  | E.ON SE<sup>(a)</sup>  | E.ON SE<sup>(a)</sup>  | E.ON SE<sup>(a)</sup>  | E.ON SE<sup>(a)</sup>  |
| 11/07/2031 | &nbsp;&nbsp; 0.625% | EUR | 170000 | &nbsp;&nbsp; 177454 |
| Emera, Inc.<sup>(h)</sup>  | Emera, Inc.<sup>(h)</sup>  | Emera, Inc.<sup>(h)</sup>  | Emera, Inc.<sup>(h)</sup>  | Emera, Inc.<sup>(h)</sup>  |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 06/15/2076 | &nbsp;&nbsp; 6.750% |  | 700000 | &nbsp;&nbsp; 704398 |
| Entergy Corp.<sup>(h)</sup>  | Entergy Corp.<sup>(h)</sup>  | Entergy Corp.<sup>(h)</sup>  | Entergy Corp.<sup>(h)</sup>  | Entergy Corp.<sup>(h)</sup>  |
| 06/15/2056 | &nbsp;&nbsp; 5.875% |  | 260000 | &nbsp;&nbsp; 261538 |
| EUSHI Finance, Inc.<sup>(h)</sup>  | EUSHI Finance, Inc.<sup>(h)</sup>  | EUSHI Finance, Inc.<sup>(h)</sup>  | EUSHI Finance, Inc.<sup>(h)</sup>  | EUSHI Finance, Inc.<sup>(h)</sup>  |
| 04/01/2056 | &nbsp;&nbsp; 6.250% |  | 365000 | &nbsp;&nbsp; 367583 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Evergy Missouri West, Inc.<sup>(a)</sup>  | Evergy Missouri West, Inc.<sup>(a)</sup>  | Evergy Missouri West, Inc.<sup>(a)</sup>  | Evergy Missouri West, Inc.<sup>(a)</sup>  |
| 06/01/2034 | &nbsp;&nbsp; 5.650% | 480000 | &nbsp;&nbsp; 501337 |
| Eversource Energy<sup>(h)</sup>  | Eversource Energy<sup>(h)</sup>  | Eversource Energy<sup>(h)</sup>  | Eversource Energy<sup>(h)</sup>  |
| 08/15/2056 | &nbsp;&nbsp; 6.350% | 520000 | &nbsp;&nbsp; 523289 |
| Exelon Corp.<sup>(h)</sup>  | Exelon Corp.<sup>(h)</sup>  | Exelon Corp.<sup>(h)</sup>  | Exelon Corp.<sup>(h)</sup>  |
| 03/15/2055 | &nbsp;&nbsp; 6.500% | 525000 | &nbsp;&nbsp; 550422 |
| FirstEnergy Transmission LLC<sup>(a)</sup>  | FirstEnergy Transmission LLC<sup>(a)</sup>  | FirstEnergy Transmission LLC<sup>(a)</sup>  | FirstEnergy Transmission LLC<sup>(a)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 2.866% | 229000 | &nbsp;&nbsp; 222780 |
| Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.750% | 170000 | &nbsp;&nbsp; 182546 |
| NextEra Energy Capital Holdings, Inc.<sup>(h)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(h)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(h)</sup>  | NextEra Energy Capital Holdings, Inc.<sup>(h)</sup>  |
| 08/15/2055 | &nbsp;&nbsp; 6.500% | 190000 | &nbsp;&nbsp; 201517 |
| NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  |
| 01/15/2036 | &nbsp;&nbsp; 6.000% | 310000 | &nbsp;&nbsp; 315513 |
| NSTAR Electric Co. | NSTAR Electric Co. | NSTAR Electric Co. | NSTAR Electric Co. |
| 05/15/2027 | &nbsp;&nbsp; 3.200% | 520000 | &nbsp;&nbsp; 516734 |
| Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) |
| 07/01/2026 | &nbsp;&nbsp; 3.250% | 184000 | &nbsp;&nbsp; 183570 |
| Southern Co. (The)<sup>(h)</sup>  | Southern Co. (The)<sup>(h)</sup>  | Southern Co. (The)<sup>(h)</sup>  | Southern Co. (The)<sup>(h)</sup>  |
| 09/15/2051 | &nbsp;&nbsp; 3.750% | 380000 | &nbsp;&nbsp; 377300 |
| 03/15/2055 | &nbsp;&nbsp; 6.750% | 340000 | &nbsp;&nbsp; 355979 |
| Southwestern Electric Power Co. | Southwestern Electric Power Co. | Southwestern Electric Power Co. | Southwestern Electric Power Co. |
| 11/01/2051 | &nbsp;&nbsp; 3.250% | 85000 | &nbsp;&nbsp; 56729 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **11703131** |
| **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** | **Environmental 0.0%** |
| GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  |
| 08/01/2028 | &nbsp;&nbsp; 4.000% | 100000 | &nbsp;&nbsp; 98437 |
| **Finance Companies 0.2%** | **Finance Companies 0.2%** | **Finance Companies 0.2%** | **Finance Companies 0.2%** |
| AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust | AerCap Ireland Capital DAC/Global Aviation Trust |
| 10/29/2028 | &nbsp;&nbsp; 3.000% | 250000 | &nbsp;&nbsp; 243100 |
| AerCap Ireland Capital DAC/Global Aviation Trust<sup>(h)</sup>  | AerCap Ireland Capital DAC/Global Aviation Trust<sup>(h)</sup>  | AerCap Ireland Capital DAC/Global Aviation Trust<sup>(h)</sup>  | AerCap Ireland Capital DAC/Global Aviation Trust<sup>(h)</sup>  |
| 03/10/2055 | &nbsp;&nbsp; 6.950% | 330000 | &nbsp;&nbsp; 348201 |
| 01/31/2056 | &nbsp;&nbsp; 6.500% | 320000 | &nbsp;&nbsp; 331588 |
| Avolon Holdings Funding Ltd.<sup>(a)</sup>  | Avolon Holdings Funding Ltd.<sup>(a)</sup>  | Avolon Holdings Funding Ltd.<sup>(a)</sup>  | Avolon Holdings Funding Ltd.<sup>(a)</sup>  |
| 11/18/2027 | &nbsp;&nbsp; 2.528% | 176000 | &nbsp;&nbsp; 171164 |
| FirstCash, Inc.<sup>(a)</sup>  | FirstCash, Inc.<sup>(a)</sup>  | FirstCash, Inc.<sup>(a)</sup>  | FirstCash, Inc.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 6.875% | 100000 | &nbsp;&nbsp; 103303 |
| GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 8.000% | 260000 | &nbsp;&nbsp; 263209 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1460565** |
| **Food and Beverage 0.9%** | **Food and Beverage 0.9%** | **Food and Beverage 0.9%** | **Food and Beverage 0.9%** |
| Becle SAB de CV<sup>(a)</sup>  | Becle SAB de CV<sup>(a)</sup>  | Becle SAB de CV<sup>(a)</sup>  | Becle SAB de CV<sup>(a)</sup>  |
| 10/14/2031 | &nbsp;&nbsp; 2.500% | 335000 | &nbsp;&nbsp; 293641 |
| Bimbo Bakeries USA, Inc.<sup>(a)</sup>  | Bimbo Bakeries USA, Inc.<sup>(a)</sup>  | Bimbo Bakeries USA, Inc.<sup>(a)</sup>  | Bimbo Bakeries USA, Inc.<sup>(a)</sup>  |
| 01/09/2036 | &nbsp;&nbsp; 5.375% | 440000 | &nbsp;&nbsp; 455134 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 6.000% |  | 630000 | &nbsp;&nbsp; 638391 |
| JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. | JBS SA/Food Co./Finance, Inc. |
| 04/01/2033 | &nbsp;&nbsp; 5.750% |  | 124000 | &nbsp;&nbsp; 130320 |
| JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl | JBS USA Holding Lux Sarl/Food Co./Sarl |
| 03/15/2034 | &nbsp;&nbsp; 6.750% |  | 82000 | &nbsp;&nbsp; 91335 |
| JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. | JBS USA Lux SA/Food Co./Finance, Inc. |
| 12/01/2031 | &nbsp;&nbsp; 3.750% |  | 390000 | &nbsp;&nbsp; 372618 |
| 01/15/2032 | &nbsp;&nbsp; 3.625% |  | 320000 | &nbsp;&nbsp; 303019 |
| Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. |
| 03/15/2033 | &nbsp;&nbsp; 3.250% | EUR | 345000 | &nbsp;&nbsp; 399716 |
| 01/26/2039 | &nbsp;&nbsp; 6.875% |  | 200000 | &nbsp;&nbsp; 224891 |
| 06/01/2046 | &nbsp;&nbsp; 4.375% |  | 620000 | &nbsp;&nbsp; 508693 |
| Kraft Heinz Foods Co.<sup>(a)</sup>  | Kraft Heinz Foods Co.<sup>(a)</sup>  | Kraft Heinz Foods Co.<sup>(a)</sup>  | Kraft Heinz Foods Co.<sup>(a)</sup>  | Kraft Heinz Foods Co.<sup>(a)</sup>  |
| 08/01/2039 | &nbsp;&nbsp; 7.125% |  | 240000 | &nbsp;&nbsp; 273295 |
| MARB BondCo PLC<sup>(a)</sup>  | MARB BondCo PLC<sup>(a)</sup>  | MARB BondCo PLC<sup>(a)</sup>  | MARB BondCo PLC<sup>(a)</sup>  | MARB BondCo PLC<sup>(a)</sup>  |
| 01/29/2031 | &nbsp;&nbsp; 3.950% |  | 400000 | &nbsp;&nbsp; 364313 |
| Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  | Mars, Inc.<sup>(a)</sup>  |
| 03/01/2035 | &nbsp;&nbsp; 5.200% |  | 185000 | &nbsp;&nbsp; 191630 |
| Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  |
| 03/01/2034 | &nbsp;&nbsp; 5.625% |  | 245000 | &nbsp;&nbsp; 245874 |
| Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. | Pilgrim's Pride Corp. |
| 07/01/2033 | &nbsp;&nbsp; 6.250% |  | 275000 | &nbsp;&nbsp; 296225 |
| Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  |
| 09/15/2031 | &nbsp;&nbsp; 4.500% |  | 65000 | &nbsp;&nbsp; 62155 |
| 03/01/2033 | &nbsp;&nbsp; 6.375% |  | 575000 | &nbsp;&nbsp; 585730 |
| 03/15/2036 | &nbsp;&nbsp; 6.500% |  | 265000 | &nbsp;&nbsp; 269236 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **5706216** |
| **Gaming 0.5%** | **Gaming 0.5%** | **Gaming 0.5%** | **Gaming 0.5%** | **Gaming 0.5%** |
| Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 6.500% |  | 105000 | &nbsp;&nbsp; 106673 |
| FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  | FDJ United<sup>(a)</sup>  |
| 11/21/2033 | &nbsp;&nbsp; 3.375% | EUR | 100000 | &nbsp;&nbsp; 117745 |
| GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. | GLP Capital LP/Financing II, Inc. |
| 06/01/2028 | &nbsp;&nbsp; 5.750% |  | 80000 | &nbsp;&nbsp; 82018 |
| 01/15/2029 | &nbsp;&nbsp; 5.300% |  | 20000 | &nbsp;&nbsp; 20410 |
| 01/15/2031 | &nbsp;&nbsp; 4.000% |  | 105000 | &nbsp;&nbsp; 101149 |
| Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  | Great Canadian Gaming Corp./Raptor LLC<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 8.750% |  | 53000 | &nbsp;&nbsp; 53868 |
| Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. |
| 06/15/2028 | &nbsp;&nbsp; 5.625% |  | 405000 | &nbsp;&nbsp; 414815 |
| Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  |
| 10/01/2033 | &nbsp;&nbsp; 6.250% |  | 60000 | &nbsp;&nbsp; 60212 |
| MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International |
| 04/15/2032 | &nbsp;&nbsp; 6.500% |  | 65000 | &nbsp;&nbsp; 66706 |
| Ontario Gaming GTA LP<sup>(a)</sup>  | Ontario Gaming GTA LP<sup>(a)</sup>  | Ontario Gaming GTA LP<sup>(a)</sup>  | Ontario Gaming GTA LP<sup>(a)</sup>  | Ontario Gaming GTA LP<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 8.000% |  | 132000 | &nbsp;&nbsp; 127429 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.125% |  | 185000 | &nbsp;&nbsp; 174546 |
| Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 6.250% |  | 110000 | &nbsp;&nbsp; 112412 |
| VICI Properties LP | VICI Properties LP | VICI Properties LP | VICI Properties LP | VICI Properties LP |
| 05/15/2032 | &nbsp;&nbsp; 5.125% |  | 395000 | &nbsp;&nbsp; 399973 |
| 04/01/2035 | &nbsp;&nbsp; 5.625% |  | 360000 | &nbsp;&nbsp; 370556 |
| VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  | VICI Properties LP/Note Co., Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 4.500% |  | 29000 | &nbsp;&nbsp; 29093 |
| 08/15/2030 | &nbsp;&nbsp; 4.125% |  | 450000 | &nbsp;&nbsp; 439019 |
| Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.250% |  | 163000 | &nbsp;&nbsp; 174019 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2850643** |
| **Health Care 0.8%** | **Health Care 0.8%** | **Health Care 0.8%** | **Health Care 0.8%** | **Health Care 0.8%** |
| Baylor Scott & White Holdings | Baylor Scott & White Holdings | Baylor Scott & White Holdings | Baylor Scott & White Holdings | Baylor Scott & White Holdings |
| 11/15/2026 | &nbsp;&nbsp; 2.650% |  | 500000 | &nbsp;&nbsp; 491630 |
| Cigna Group (The) | Cigna Group (The) | Cigna Group (The) | Cigna Group (The) | Cigna Group (The) |
| 01/15/2036 | &nbsp;&nbsp; 5.250% |  | 615000 | &nbsp;&nbsp; 631375 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 03/25/2038 | &nbsp;&nbsp; 4.780% |  | 35000 | &nbsp;&nbsp; 33401 |
| CVS Health Corp.<sup>(h)</sup>  | CVS Health Corp.<sup>(h)</sup>  | CVS Health Corp.<sup>(h)</sup>  | CVS Health Corp.<sup>(h)</sup>  | CVS Health Corp.<sup>(h)</sup>  |
| 03/10/2055 | &nbsp;&nbsp; 7.000% |  | 120000 | &nbsp;&nbsp; 126224 |
| Hackensack Meridian Health, Inc. | Hackensack Meridian Health, Inc. | Hackensack Meridian Health, Inc. | Hackensack Meridian Health, Inc. | Hackensack Meridian Health, Inc. |
| 07/01/2057 | &nbsp;&nbsp; 4.500% |  | 300000 | &nbsp;&nbsp; 263782 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 12/01/2027 | &nbsp;&nbsp; 7.050% |  | 115000 | &nbsp;&nbsp; 120136 |
| 09/01/2028 | &nbsp;&nbsp; 5.625% |  | 100000 | &nbsp;&nbsp; 103122 |
| 04/01/2034 | &nbsp;&nbsp; 5.600% |  | 680000 | &nbsp;&nbsp; 713574 |
| ModivCare Buyer LLC<sup>(a),(k),(l)</sup>  | ModivCare Buyer LLC<sup>(a),(k),(l)</sup>  | ModivCare Buyer LLC<sup>(a),(k),(l)</sup>  | ModivCare Buyer LLC<sup>(a),(k),(l)</sup>  | ModivCare Buyer LLC<sup>(a),(k),(l)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 5.000% |  | 390600 | &nbsp;&nbsp; 508 |
| Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 3.875% |  | 745000 | &nbsp;&nbsp; 732711 |
| 10/01/2029 | &nbsp;&nbsp; 5.250% |  | 25000 | &nbsp;&nbsp; 25014 |
| New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) | New York and Presbyterian Hospital (The) |
| 08/01/2036 | &nbsp;&nbsp; 3.563% |  | 390000 | &nbsp;&nbsp; 354003 |
| Option Care Health, Inc.<sup>(a)</sup>  | Option Care Health, Inc.<sup>(a)</sup>  | Option Care Health, Inc.<sup>(a)</sup>  | Option Care Health, Inc.<sup>(a)</sup>  | Option Care Health, Inc.<sup>(a)</sup>  |
| 10/31/2029 | &nbsp;&nbsp; 4.375% |  | 160000 | &nbsp;&nbsp; 156215 |
| Rede D'or Finance SARL<sup>(a)</sup>  | Rede D'or Finance SARL<sup>(a)</sup>  | Rede D'or Finance SARL<sup>(a)</sup>  | Rede D'or Finance SARL<sup>(a)</sup>  | Rede D'or Finance SARL<sup>(a)</sup>  |
| 01/22/2030 | &nbsp;&nbsp; 4.500% |  | 200000 | &nbsp;&nbsp; 194849 |
| Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  | Sartorius Finance BV<sup>(a)</sup>  |
| 09/14/2035 | &nbsp;&nbsp; 4.875% | EUR | 200000 | &nbsp;&nbsp; 253224 |
| Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 9.000% |  | 215000 | &nbsp;&nbsp; 218286 |
| Stryker Corp. | Stryker Corp. | Stryker Corp. | Stryker Corp. | Stryker Corp. |
| 02/10/2028 | &nbsp;&nbsp; 4.700% |  | 510000 | &nbsp;&nbsp; 517530 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **4935584** |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Healthcare Insurance 0.3%** | **Healthcare Insurance 0.3%** | **Healthcare Insurance 0.3%** | **Healthcare Insurance 0.3%** |
| Centene Corp. | Centene Corp. | Centene Corp. | Centene Corp. |
| 12/15/2029 | &nbsp;&nbsp; 4.625% | 135000 | &nbsp;&nbsp; 131697 |
| 02/15/2030 | &nbsp;&nbsp; 3.375% | 470000 | &nbsp;&nbsp; 436069 |
| 10/15/2030 | &nbsp;&nbsp; 3.000% | 585000 | &nbsp;&nbsp; 527132 |
| 03/01/2031 | &nbsp;&nbsp; 2.500% | 445000 | &nbsp;&nbsp; 386048 |
| Humana, Inc. | Humana, Inc. | Humana, Inc. | Humana, Inc. |
| 05/01/2035 | &nbsp;&nbsp; 5.550% | 170000 | &nbsp;&nbsp; 173122 |
| Molina Healthcare, Inc.<sup>(a)</sup>  | Molina Healthcare, Inc.<sup>(a)</sup>  | Molina Healthcare, Inc.<sup>(a)</sup>  | Molina Healthcare, Inc.<sup>(a)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 6.250% | 205000 | &nbsp;&nbsp; 201665 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1855733** |
| **Healthcare REIT 0.0%** | **Healthcare REIT 0.0%** | **Healthcare REIT 0.0%** | **Healthcare REIT 0.0%** |
| Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP |
| 01/15/2028 | &nbsp;&nbsp; 3.625% | 63000 | &nbsp;&nbsp; 62444 |
| 03/15/2031 | &nbsp;&nbsp; 2.050% | 16000 | &nbsp;&nbsp; 14209 |
| Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP | Healthcare Trust of America Holdings LP |
| 02/15/2030 | &nbsp;&nbsp; 3.100% | 10000 | &nbsp;&nbsp; 9573 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **86226** |
| **Independent Energy 0.8%** | **Independent Energy 0.8%** | **Independent Energy 0.8%** | **Independent Energy 0.8%** |
| Aker BP ASA<sup>(a)</sup>  | Aker BP ASA<sup>(a)</sup>  | Aker BP ASA<sup>(a)</sup>  | Aker BP ASA<sup>(a)</sup>  |
| 10/01/2034 | &nbsp;&nbsp; 5.125% | 310000 | &nbsp;&nbsp; 309189 |
| Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  |
| 07/01/2031 | &nbsp;&nbsp; 8.750% | 470000 | &nbsp;&nbsp; 492809 |
| Continental Resources, Inc.<sup>(a)</sup>  | Continental Resources, Inc.<sup>(a)</sup>  | Continental Resources, Inc.<sup>(a)</sup>  | Continental Resources, Inc.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 5.750% | 476000 | &nbsp;&nbsp; 493511 |
| 04/01/2032 | &nbsp;&nbsp; 2.875% | 888000 | &nbsp;&nbsp; 790911 |
| Encana Corp. | Encana Corp. | Encana Corp. | Encana Corp. |
| 08/15/2034 | &nbsp;&nbsp; 6.500% | 495000 | &nbsp;&nbsp; 542588 |
| 02/01/2038 | &nbsp;&nbsp; 6.500% | 450000 | &nbsp;&nbsp; 486546 |
| EQT Corp.<sup>(a)</sup>  | EQT Corp.<sup>(a)</sup>  | EQT Corp.<sup>(a)</sup>  | EQT Corp.<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 3.625% | 700000 | &nbsp;&nbsp; 669396 |
| EQT Corp. | EQT Corp. | EQT Corp. | EQT Corp. |
| 02/01/2034 | &nbsp;&nbsp; 5.750% | 175000 | &nbsp;&nbsp; 185396 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| 05/01/2031 | &nbsp;&nbsp; 7.500% | 195000 | &nbsp;&nbsp; 222185 |
| 10/01/2034 | &nbsp;&nbsp; 5.550% | 379000 | &nbsp;&nbsp; 395307 |
| 09/15/2036 | &nbsp;&nbsp; 6.450% | 90000 | &nbsp;&nbsp; 98111 |
| 03/15/2040 | &nbsp;&nbsp; 6.200% | 170000 | &nbsp;&nbsp; 177539 |
| Var Energi ASA<sup>(a)</sup>  | Var Energi ASA<sup>(a)</sup>  | Var Energi ASA<sup>(a)</sup>  | Var Energi ASA<sup>(a)</sup>  |
| 05/22/2035 | &nbsp;&nbsp; 6.500% | 340000 | &nbsp;&nbsp; 367511 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5230999** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Integrated Energy 0.3%** | **Integrated Energy 0.3%** | **Integrated Energy 0.3%** | **Integrated Energy 0.3%** | **Integrated Energy 0.3%** |
| Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. | Cenovus Energy, Inc. |
| 02/07/2028 | &nbsp;&nbsp; 3.500% | CAD | 215000 | &nbsp;&nbsp; 158660 |
| 11/15/2039 | &nbsp;&nbsp; 6.750% |  | 983000 | &nbsp;&nbsp; 1099515 |
| 06/15/2047 | &nbsp;&nbsp; 5.400% |  | 310000 | &nbsp;&nbsp; 292384 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1550559** |
| **Leisure 0.2%** | **Leisure 0.2%** | **Leisure 0.2%** | **Leisure 0.2%** | **Leisure 0.2%** |
| Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 5.750% | EUR | 160000 | &nbsp;&nbsp; 204517 |
| Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  | Live Nation Entertainment, Inc.<sup>(a)</sup>  |
| 10/15/2027 | &nbsp;&nbsp; 4.750% |  | 89000 | &nbsp;&nbsp; 88923 |
| NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 6.750% |  | 380000 | &nbsp;&nbsp; 390995 |
| Royal Caribbean Cruises Ltd.<sup>(a)</sup>  | Royal Caribbean Cruises Ltd.<sup>(a)</sup>  | Royal Caribbean Cruises Ltd.<sup>(a)</sup>  | Royal Caribbean Cruises Ltd.<sup>(a)</sup>  | Royal Caribbean Cruises Ltd.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 6.000% |  | 575000 | &nbsp;&nbsp; 595285 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1279720** |
| **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** |
| Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 3.625% |  | 165000 | &nbsp;&nbsp; 153760 |
| 09/15/2033 | &nbsp;&nbsp; 5.750% |  | 220000 | &nbsp;&nbsp; 225261 |
| Travel + Leisure Co.<sup>(a)</sup>  | Travel + Leisure Co.<sup>(a)</sup>  | Travel + Leisure Co.<sup>(a)</sup>  | Travel + Leisure Co.<sup>(a)</sup>  | Travel + Leisure Co.<sup>(a)</sup>  |
| 12/01/2029 | &nbsp;&nbsp; 4.500% |  | 250000 | &nbsp;&nbsp; 244924 |
| 09/01/2033 | &nbsp;&nbsp; 6.125% |  | 140000 | &nbsp;&nbsp; 142170 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **766115** |
| **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** | **Media and Entertainment 0.5%** |
| Getty Images, Inc.<sup>(a)</sup>  | Getty Images, Inc.<sup>(a)</sup>  | Getty Images, Inc.<sup>(a)</sup>  | Getty Images, Inc.<sup>(a)</sup>  | Getty Images, Inc.<sup>(a)</sup>  |
| 11/15/2030 | &nbsp;&nbsp; 10.500% |  | 115000 | &nbsp;&nbsp; 101728 |
| Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. |
| 11/15/2032 | &nbsp;&nbsp; 4.600% |  | 870000 | &nbsp;&nbsp; 884530 |
| 11/15/2035 | &nbsp;&nbsp; 4.875% |  | 115000 | &nbsp;&nbsp; 116063 |
| 11/15/2055 | &nbsp;&nbsp; 5.625% |  | 160000 | &nbsp;&nbsp; 156612 |
| News Corp.<sup>(a)</sup>  | News Corp.<sup>(a)</sup>  | News Corp.<sup>(a)</sup>  | News Corp.<sup>(a)</sup>  | News Corp.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 3.875% |  | 500000 | &nbsp;&nbsp; 487557 |
| Sinclair Television Group, Inc.<sup>(a)</sup>  | Sinclair Television Group, Inc.<sup>(a)</sup>  | Sinclair Television Group, Inc.<sup>(a)</sup>  | Sinclair Television Group, Inc.<sup>(a)</sup>  | Sinclair Television Group, Inc.<sup>(a)</sup>  |
| 02/15/2033 | &nbsp;&nbsp; 8.125% |  | 65000 | &nbsp;&nbsp; 67674 |
| Sirius XM Radio LLC<sup>(a),(e)</sup>  | Sirius XM Radio LLC<sup>(a),(e)</sup>  | Sirius XM Radio LLC<sup>(a),(e)</sup>  | Sirius XM Radio LLC<sup>(a),(e)</sup>  | Sirius XM Radio LLC<sup>(a),(e)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 5.875% |  | 748000 | &nbsp;&nbsp; 745814 |
| Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  |
| 03/01/2033 | &nbsp;&nbsp; 6.875% |  | 170000 | &nbsp;&nbsp; 169352 |
| 03/15/2034 | &nbsp;&nbsp; 6.875% |  | 100000 | &nbsp;&nbsp; 99813 |
| WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. |
| 03/15/2042 | &nbsp;&nbsp; 5.050% |  | 64000 | &nbsp;&nbsp; 44967 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2874110** |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Metals and Mining 0.6%** | **Metals and Mining 0.6%** | **Metals and Mining 0.6%** | **Metals and Mining 0.6%** |
| Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 6.750% | 985000 | &nbsp;&nbsp; 998751 |
| 05/01/2033 | &nbsp;&nbsp; 7.375% | 385000 | &nbsp;&nbsp; 395102 |
| 01/15/2034 | &nbsp;&nbsp; 7.625% | 330000 | &nbsp;&nbsp; 338700 |
| CSN Islands XI Corp.<sup>(a)</sup>  | CSN Islands XI Corp.<sup>(a)</sup>  | CSN Islands XI Corp.<sup>(a)</sup>  | CSN Islands XI Corp.<sup>(a)</sup>  |
| 01/28/2028 | &nbsp;&nbsp; 6.750% | 280000 | &nbsp;&nbsp; 242549 |
| CSN Resources SA<sup>(a)</sup>  | CSN Resources SA<sup>(a)</sup>  | CSN Resources SA<sup>(a)</sup>  | CSN Resources SA<sup>(a)</sup>  |
| 04/08/2032 | &nbsp;&nbsp; 5.875% | 420000 | &nbsp;&nbsp; 299832 |
| Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. |
| 03/15/2043 | &nbsp;&nbsp; 5.450% | 1190000 | &nbsp;&nbsp; 1176730 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3451664** |
| **Midstream 1.1%** | **Midstream 1.1%** | **Midstream 1.1%** | **Midstream 1.1%** |
| AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 9.375% | 238000 | &nbsp;&nbsp; 245794 |
| 06/01/2030 | &nbsp;&nbsp; 9.500% | 81000 | &nbsp;&nbsp; 86740 |
| Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  | Columbia Pipelines Operating Co. LLC<sup>(a)</sup>  |
| 11/15/2033 | &nbsp;&nbsp; 6.036% | 275000 | &nbsp;&nbsp; 297884 |
| Enbridge, Inc.<sup>(h)</sup>  | Enbridge, Inc.<sup>(h)</sup>  | Enbridge, Inc.<sup>(h)</sup>  | Enbridge, Inc.<sup>(h)</sup>  |
| 06/27/2054 | &nbsp;&nbsp; 7.200% | 360000 | &nbsp;&nbsp; 387911 |
| 01/15/2084 | &nbsp;&nbsp; 8.500% | 465000 | &nbsp;&nbsp; 537097 |
| Energy Transfer LP<sup>(h),(j)</sup>  | Energy Transfer LP<sup>(h),(j)</sup>  | Energy Transfer LP<sup>(h),(j)</sup>  | Energy Transfer LP<sup>(h),(j)</sup>  |
|  | &nbsp;&nbsp; 6.625% | 336000 | &nbsp;&nbsp; 340678 |
|  | &nbsp;&nbsp; 7.125% | 420000 | &nbsp;&nbsp; 435218 |
| Energy Transfer LP<sup>(h)</sup>  | Energy Transfer LP<sup>(h)</sup>  | Energy Transfer LP<sup>(h)</sup>  | Energy Transfer LP<sup>(h)</sup>  |
| 05/15/2054 | &nbsp;&nbsp; 8.000% | 485000 | &nbsp;&nbsp; 520855 |
| Ferrellgas LP/Finance Corp.<sup>(a)</sup>  | Ferrellgas LP/Finance Corp.<sup>(a)</sup>  | Ferrellgas LP/Finance Corp.<sup>(a)</sup>  | Ferrellgas LP/Finance Corp.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 5.875% | 219000 | &nbsp;&nbsp; 211635 |
| 01/15/2031 | &nbsp;&nbsp; 9.250% | 145000 | &nbsp;&nbsp; 150411 |
| Global Partners LP/Finance Corp. | Global Partners LP/Finance Corp. | Global Partners LP/Finance Corp. | Global Partners LP/Finance Corp. |
| 01/15/2029 | &nbsp;&nbsp; 6.875% | 150000 | &nbsp;&nbsp; 151516 |
| Global Partners LP/GLP Finance Corp.<sup>(a)</sup>  | Global Partners LP/GLP Finance Corp.<sup>(a)</sup>  | Global Partners LP/GLP Finance Corp.<sup>(a)</sup>  | Global Partners LP/GLP Finance Corp.<sup>(a)</sup>  |
| 07/01/2033 | &nbsp;&nbsp; 7.125% | 84000 | &nbsp;&nbsp; 86788 |
| ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.500% | 90000 | &nbsp;&nbsp; 87472 |
| NGL Energy Operating LLC/Finance Corp.<sup>(a)</sup>  | NGL Energy Operating LLC/Finance Corp.<sup>(a)</sup>  | NGL Energy Operating LLC/Finance Corp.<sup>(a)</sup>  | NGL Energy Operating LLC/Finance Corp.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.375% | 105000 | &nbsp;&nbsp; 110156 |
| South Bow Canadian Infrastructure Holdings Ltd.<sup>(h)</sup>  | South Bow Canadian Infrastructure Holdings Ltd.<sup>(h)</sup>  | South Bow Canadian Infrastructure Holdings Ltd.<sup>(h)</sup>  | South Bow Canadian Infrastructure Holdings Ltd.<sup>(h)</sup>  |
| 03/01/2055 | &nbsp;&nbsp; 7.500% | 265000 | &nbsp;&nbsp; 281253 |
| Suburban Propane Partners LP/Suburban Energy Finance Corp.<sup>(a)</sup>  | Suburban Propane Partners LP/Suburban Energy Finance Corp.<sup>(a)</sup>  | Suburban Propane Partners LP/Suburban Energy Finance Corp.<sup>(a)</sup>  | Suburban Propane Partners LP/Suburban Energy Finance Corp.<sup>(a)</sup>  |
| 12/15/2035 | &nbsp;&nbsp; 6.500% | 215000 | &nbsp;&nbsp; 212882 |
| Sunoco LP<sup>(a),(h),(j)</sup>  | Sunoco LP<sup>(a),(h),(j)</sup>  | Sunoco LP<sup>(a),(h),(j)</sup>  | Sunoco LP<sup>(a),(h),(j)</sup>  |
|  | &nbsp;&nbsp; 7.875% | 675000 | &nbsp;&nbsp; 699695 |
| TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. | TransCanada PipeLines Ltd. |
| 03/01/2034 | &nbsp;&nbsp; 4.625% | 5000 | &nbsp;&nbsp; 4967 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| TransCanada PipeLines Ltd.<sup>(h)</sup>  | TransCanada PipeLines Ltd.<sup>(h)</sup>  | TransCanada PipeLines Ltd.<sup>(h)</sup>  | TransCanada PipeLines Ltd.<sup>(h)</sup>  | TransCanada PipeLines Ltd.<sup>(h)</sup>  |
| 06/01/2065 | &nbsp;&nbsp; 7.000% |  | 250000 | &nbsp;&nbsp; 260055 |
| Transcanada Trust<sup>(h)</sup>  | Transcanada Trust<sup>(h)</sup>  | Transcanada Trust<sup>(h)</sup>  | Transcanada Trust<sup>(h)</sup>  | Transcanada Trust<sup>(h)</sup>  |
| Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated | Junior Subordinated |
| 03/07/2082 | &nbsp;&nbsp; 5.600% |  | 455000 | &nbsp;&nbsp; 457176 |
| Venture Global LNG, Inc.<sup>(a),(h),(j)</sup>  | Venture Global LNG, Inc.<sup>(a),(h),(j)</sup>  | Venture Global LNG, Inc.<sup>(a),(h),(j)</sup>  | Venture Global LNG, Inc.<sup>(a),(h),(j)</sup>  | Venture Global LNG, Inc.<sup>(a),(h),(j)</sup>  |
|  | &nbsp;&nbsp; 9.000% |  | 829000 | &nbsp;&nbsp; 724748 |
| Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 9.875% |  | 177000 | &nbsp;&nbsp; 187566 |
| Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  |
| 01/15/2036 | &nbsp;&nbsp; 6.750% |  | 290000 | &nbsp;&nbsp; 309224 |
| Williams Cos, Inc. (The) | Williams Cos, Inc. (The) | Williams Cos, Inc. (The) | Williams Cos, Inc. (The) | Williams Cos, Inc. (The) |
| 09/30/2035 | &nbsp;&nbsp; 5.300% |  | 342000 | &nbsp;&nbsp; 351070 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **7138791** |
| **Natural Gas 0.3%** | **Natural Gas 0.3%** | **Natural Gas 0.3%** | **Natural Gas 0.3%** | **Natural Gas 0.3%** |
| KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  | KeySpan Gas East Corp.<sup>(a)</sup>  |
| 03/06/2033 | &nbsp;&nbsp; 5.994% |  | 225000 | &nbsp;&nbsp; 240352 |
| National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  | National Gas Transmission PLC<sup>(a)</sup>  |
| 04/05/2030 | &nbsp;&nbsp; 4.250% | EUR | 200000 | &nbsp;&nbsp; 247845 |
| Northwest Natural Holding Co.<sup>(h)</sup>  | Northwest Natural Holding Co.<sup>(h)</sup>  | Northwest Natural Holding Co.<sup>(h)</sup>  | Northwest Natural Holding Co.<sup>(h)</sup>  | Northwest Natural Holding Co.<sup>(h)</sup>  |
| 09/15/2055 | &nbsp;&nbsp; 7.000% |  | 415000 | &nbsp;&nbsp; 433078 |
| Redexis SA<sup>(a)</sup>  | Redexis SA<sup>(a)</sup>  | Redexis SA<sup>(a)</sup>  | Redexis SA<sup>(a)</sup>  | Redexis SA<sup>(a)</sup>  |
| 05/30/2031 | &nbsp;&nbsp; 4.375% | EUR | 100000 | &nbsp;&nbsp; 122615 |
| Sempra<sup>(h)</sup>  | Sempra<sup>(h)</sup>  | Sempra<sup>(h)</sup>  | Sempra<sup>(h)</sup>  | Sempra<sup>(h)</sup>  |
| 04/01/2055 | &nbsp;&nbsp; 6.550% |  | 310000 | &nbsp;&nbsp; 316344 |
| Spire, Inc.<sup>(h)</sup>  | Spire, Inc.<sup>(h)</sup>  | Spire, Inc.<sup>(h)</sup>  | Spire, Inc.<sup>(h)</sup>  | Spire, Inc.<sup>(h)</sup>  |
| 06/01/2056 | &nbsp;&nbsp; 6.450% |  | 185000 | &nbsp;&nbsp; 189402 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1549636** |
| **Office REIT 0.0%** | **Office REIT 0.0%** | **Office REIT 0.0%** | **Office REIT 0.0%** | **Office REIT 0.0%** |
| Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP | Hudson Pacific Properties LP |
| 11/01/2027 | &nbsp;&nbsp; 3.950% |  | 272000 | &nbsp;&nbsp; 259354 |
| 02/15/2028 | &nbsp;&nbsp; 5.950% |  | 5000 | &nbsp;&nbsp; 4806 |
| 01/15/2030 | &nbsp;&nbsp; 3.250% |  | 42000 | &nbsp;&nbsp; 35112 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **299272** |
| **Oil Field Services 0.1%** | **Oil Field Services 0.1%** | **Oil Field Services 0.1%** | **Oil Field Services 0.1%** | **Oil Field Services 0.1%** |
| Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  |
| 02/01/2028 | &nbsp;&nbsp; 8.375% |  | 65371 | &nbsp;&nbsp; 66770 |
| Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 8.750% |  | 59500 | &nbsp;&nbsp; 62210 |
| USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 7.125% |  | 180000 | &nbsp;&nbsp; 186027 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **315007** |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** |
| DVI Deutsche Vermoegens- & Immobilienverwaltungs GmbH<sup>(a)</sup>  | DVI Deutsche Vermoegens- & Immobilienverwaltungs GmbH<sup>(a)</sup>  | DVI Deutsche Vermoegens- & Immobilienverwaltungs GmbH<sup>(a)</sup>  | DVI Deutsche Vermoegens- & Immobilienverwaltungs GmbH<sup>(a)</sup>  | DVI Deutsche Vermoegens- & Immobilienverwaltungs GmbH<sup>(a)</sup>  |
| 08/21/2030 | &nbsp;&nbsp; 4.875% | EUR | 100000 | &nbsp;&nbsp; 122840 |
| Finco Opal Sarl<sup>(a),(b),(e)</sup>  | Finco Opal Sarl<sup>(a),(b),(e)</sup>  | Finco Opal Sarl<sup>(a),(b),(e)</sup>  | Finco Opal Sarl<sup>(a),(b),(e)</sup>  | Finco Opal Sarl<sup>(a),(b),(e)</sup>  |
| 3-month EURIBOR + 7.750% <br>03/02/2030<br>| &nbsp;&nbsp; 9.761% | EUR | 100000 | &nbsp;&nbsp; 118160 |
| Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. | Icahn Enterprises LP/Finance Corp. |
| 01/15/2029 | &nbsp;&nbsp; 9.750% |  | 101000 | &nbsp;&nbsp; 99427 |
| 06/15/2030 | &nbsp;&nbsp; 9.000% |  | 230000 | &nbsp;&nbsp; 218168 |
| Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  | Vonovia SE<sup>(a)</sup>  |
| 09/03/2035 | &nbsp;&nbsp; 5.717% | AUD | 160000 | &nbsp;&nbsp; 111751 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **670346** |
| **Other Industry 0.1%** | **Other Industry 0.1%** | **Other Industry 0.1%** | **Other Industry 0.1%** | **Other Industry 0.1%** |
| Adtalem Global Education, Inc.<sup>(a)</sup>  | Adtalem Global Education, Inc.<sup>(a)</sup>  | Adtalem Global Education, Inc.<sup>(a)</sup>  | Adtalem Global Education, Inc.<sup>(a)</sup>  | Adtalem Global Education, Inc.<sup>(a)</sup>  |
| 03/01/2028 | &nbsp;&nbsp; 5.500% |  | 103000 | &nbsp;&nbsp; 103000 |
| AECOM<sup>(a)</sup>  | AECOM<sup>(a)</sup>  | AECOM<sup>(a)</sup>  | AECOM<sup>(a)</sup>  | AECOM<sup>(a)</sup>  |
| 08/01/2033 | &nbsp;&nbsp; 6.000% |  | 432000 | &nbsp;&nbsp; 441227 |
| Grand Canyon University | Grand Canyon University | Grand Canyon University | Grand Canyon University | Grand Canyon University |
| 10/01/2028 | &nbsp;&nbsp; 5.125% |  | 110000 | &nbsp;&nbsp; 110290 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **654517** |
| **Other REIT 0.2%** | **Other REIT 0.2%** | **Other REIT 0.2%** | **Other REIT 0.2%** | **Other REIT 0.2%** |
| American Assets Trust LP | American Assets Trust LP | American Assets Trust LP | American Assets Trust LP | American Assets Trust LP |
| 02/01/2031 | &nbsp;&nbsp; 3.375% |  | 155000 | &nbsp;&nbsp; 142639 |
| BW Real Estate, Inc.<sup>(a),(h)</sup>  | BW Real Estate, Inc.<sup>(a),(h)</sup>  | BW Real Estate, Inc.<sup>(a),(h)</sup>  | BW Real Estate, Inc.<sup>(a),(h)</sup>  | BW Real Estate, Inc.<sup>(a),(h)</sup>  |
| 12/31/2079 | &nbsp;&nbsp; 9.500% |  | 120000 | &nbsp;&nbsp; 126069 |
| Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  | Digital Dutch Finco BV<sup>(a)</sup>  |
| 03/15/2035 | &nbsp;&nbsp; 3.875% | EUR | 220000 | &nbsp;&nbsp; 259867 |
| Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP | Extra Space Storage LP |
| 10/15/2031 | &nbsp;&nbsp; 2.400% |  | 30000 | &nbsp;&nbsp; 26886 |
| Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP | Host Hotels & Resorts LP |
| 09/15/2030 | &nbsp;&nbsp; 3.500% |  | 115000 | &nbsp;&nbsp; 110283 |
| 06/15/2032 | &nbsp;&nbsp; 5.700% |  | 95000 | &nbsp;&nbsp; 100064 |
| Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust | Lexington Realty Trust |
| 09/15/2030 | &nbsp;&nbsp; 2.700% |  | 135000 | &nbsp;&nbsp; 125197 |
| WP Carey, Inc. | WP Carey, Inc. | WP Carey, Inc. | WP Carey, Inc. | WP Carey, Inc. |
| 05/10/2035 | &nbsp;&nbsp; 3.750% | EUR | 175000 | &nbsp;&nbsp; 204648 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1095653** |
| **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** | **Other Utility 0.1%** |
| DWR Cymru Financing UK PLC<sup>(a)</sup>  | DWR Cymru Financing UK PLC<sup>(a)</sup>  | DWR Cymru Financing UK PLC<sup>(a)</sup>  | DWR Cymru Financing UK PLC<sup>(a)</sup>  | DWR Cymru Financing UK PLC<sup>(a)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 03/31/2034 | &nbsp;&nbsp; 2.375% | GBP | 165000 | &nbsp;&nbsp; 173844 |
| Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  | Suez SACA<sup>(a)</sup>  |
| 05/24/2034 | &nbsp;&nbsp; 2.875% | EUR | 100000 | &nbsp;&nbsp; 111578 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Yorkshire Water Finance PLC<sup>(a)</sup>  | Yorkshire Water Finance PLC<sup>(a)</sup>  | Yorkshire Water Finance PLC<sup>(a)</sup>  | Yorkshire Water Finance PLC<sup>(a)</sup>  | Yorkshire Water Finance PLC<sup>(a)</sup>  |
| 11/18/2034 | &nbsp;&nbsp; 6.375% | GBP | 155000 | &nbsp;&nbsp; 219201 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **504623** |
| **Packaging 0.3%** | **Packaging 0.3%** | **Packaging 0.3%** | **Packaging 0.3%** | **Packaging 0.3%** |
| Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. | Amcor Flexibles North America, Inc. |
| 03/17/2028 | &nbsp;&nbsp; 4.800% |  | 315000 | &nbsp;&nbsp; 320423 |
| Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC | Amcor Group Finance PLC |
| 05/23/2029 | &nbsp;&nbsp; 5.450% |  | 190000 | &nbsp;&nbsp; 197700 |
| Ardagh Group SA<sup>(a),(m)</sup>  | Ardagh Group SA<sup>(a),(m)</sup>  | Ardagh Group SA<sup>(a),(m)</sup>  | Ardagh Group SA<sup>(a),(m)</sup>  | Ardagh Group SA<sup>(a),(m)</sup>  |
| 12/01/2030 | &nbsp;&nbsp; 12.000% |  | 60000 | &nbsp;&nbsp; 57938 |
| Ball Corp. | Ball Corp. | Ball Corp. | Ball Corp. | Ball Corp. |
| 08/15/2030 | &nbsp;&nbsp; 2.875% |  | 465000 | &nbsp;&nbsp; 432503 |
| Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  | Berry Global Escrow Corp.<sup>(a)</sup>  |
| 07/15/2026 | &nbsp;&nbsp; 4.875% |  | 24000 | &nbsp;&nbsp; 24012 |
| Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. |
| 04/15/2028 | &nbsp;&nbsp; 5.500% |  | 360000 | &nbsp;&nbsp; 371381 |
| 01/15/2034 | &nbsp;&nbsp; 5.650% |  | 120000 | &nbsp;&nbsp; 126783 |
| Sealed Air Corp.<sup>(a)</sup>  | Sealed Air Corp.<sup>(a)</sup>  | Sealed Air Corp.<sup>(a)</sup>  | Sealed Air Corp.<sup>(a)</sup>  | Sealed Air Corp.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 6.500% |  | 60000 | &nbsp;&nbsp; 61900 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1592640** |
| **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** |
| Clearwater Paper Corp.<sup>(a)</sup>  | Clearwater Paper Corp.<sup>(a)</sup>  | Clearwater Paper Corp.<sup>(a)</sup>  | Clearwater Paper Corp.<sup>(a)</sup>  | Clearwater Paper Corp.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 4.750% |  | 100000 | &nbsp;&nbsp; 89353 |
| Graphic Packaging International LLC<sup>(a)</sup>  | Graphic Packaging International LLC<sup>(a)</sup>  | Graphic Packaging International LLC<sup>(a)</sup>  | Graphic Packaging International LLC<sup>(a)</sup>  | Graphic Packaging International LLC<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 4.750% |  | 93000 | &nbsp;&nbsp; 92885 |
| 07/15/2032 | &nbsp;&nbsp; 6.375% |  | 35000 | &nbsp;&nbsp; 35468 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **217706** |
| **Pharmaceuticals 0.4%** | **Pharmaceuticals 0.4%** | **Pharmaceuticals 0.4%** | **Pharmaceuticals 0.4%** | **Pharmaceuticals 0.4%** |
| 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 10.000% |  | 205000 | &nbsp;&nbsp; 212961 |
| Allergan Funding SCS | Allergan Funding SCS | Allergan Funding SCS | Allergan Funding SCS | Allergan Funding SCS |
| 11/15/2028 | &nbsp;&nbsp; 2.625% | EUR | 100000 | &nbsp;&nbsp; 115369 |
| Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  | Bayer US Finance II LLC<sup>(a)</sup>  |
| 12/15/2028 | &nbsp;&nbsp; 4.375% |  | 174000 | &nbsp;&nbsp; 174624 |
| 06/25/2038 | &nbsp;&nbsp; 4.625% |  | 520000 | &nbsp;&nbsp; 482956 |
| Bayer US Finance LLC<sup>(a)</sup>  | Bayer US Finance LLC<sup>(a)</sup>  | Bayer US Finance LLC<sup>(a)</sup>  | Bayer US Finance LLC<sup>(a)</sup>  | Bayer US Finance LLC<sup>(a)</sup>  |
| 11/21/2053 | &nbsp;&nbsp; 6.875% |  | 120000 | &nbsp;&nbsp; 131422 |
| Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  | Grifols SA<sup>(a)</sup>  |
| 05/01/2030 | &nbsp;&nbsp; 7.500% | EUR | 296000 | &nbsp;&nbsp; 365930 |
| Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  | Kevlar SpA<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 6.500% |  | 321000 | &nbsp;&nbsp; 313458 |
| Teva Pharmaceutical Finance Netherlands II BV | Teva Pharmaceutical Finance Netherlands II BV | Teva Pharmaceutical Finance Netherlands II BV | Teva Pharmaceutical Finance Netherlands II BV | Teva Pharmaceutical Finance Netherlands II BV |
| 05/09/2030 | &nbsp;&nbsp; 4.375% | EUR | 335000 | &nbsp;&nbsp; 408439 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV |
| 12/01/2032 | &nbsp;&nbsp; 6.000% |  | 172000 | &nbsp;&nbsp; 182306 |
| 10/01/2046 | &nbsp;&nbsp; 4.100% |  | 194000 | &nbsp;&nbsp; 149294 |
| Teva Pharmaceutical Finance Netherlands IV BV | Teva Pharmaceutical Finance Netherlands IV BV | Teva Pharmaceutical Finance Netherlands IV BV | Teva Pharmaceutical Finance Netherlands IV BV | Teva Pharmaceutical Finance Netherlands IV BV |
| 12/01/2030 | &nbsp;&nbsp; 5.750% |  | 39000 | &nbsp;&nbsp; 40444 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2577203** |
| **Property & Casualty 0.2%** | **Property & Casualty 0.2%** | **Property & Casualty 0.2%** | **Property & Casualty 0.2%** | **Property & Casualty 0.2%** |
| Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  |
| 11/06/2030 | &nbsp;&nbsp; 7.500% |  | 105000 | &nbsp;&nbsp; 106871 |
| Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 6.750% |  | 185000 | &nbsp;&nbsp; 187004 |
| Aon Corp. | Aon Corp. | Aon Corp. | Aon Corp. | Aon Corp. |
| 05/15/2030 | &nbsp;&nbsp; 2.800% |  | 230000 | &nbsp;&nbsp; 218130 |
| Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 7.750% |  | 65000 | &nbsp;&nbsp; 66592 |
| Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. |
| 06/19/2039 | &nbsp;&nbsp; 2.375% | GBP | 250000 | &nbsp;&nbsp; 241448 |
| Farmers Exchange Capital III<sup>(a),(h)</sup>  | Farmers Exchange Capital III<sup>(a),(h)</sup>  | Farmers Exchange Capital III<sup>(a),(h)</sup>  | Farmers Exchange Capital III<sup>(a),(h)</sup>  | Farmers Exchange Capital III<sup>(a),(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 10/15/2054 | &nbsp;&nbsp; 5.454% |  | 300000 | &nbsp;&nbsp; 281920 |
| Farmers Insurance Exchange<sup>(a),(h)</sup>  | Farmers Insurance Exchange<sup>(a),(h)</sup>  | Farmers Insurance Exchange<sup>(a),(h)</sup>  | Farmers Insurance Exchange<sup>(a),(h)</sup>  | Farmers Insurance Exchange<sup>(a),(h)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated | Subordinated |
| 11/01/2057 | &nbsp;&nbsp; 4.747% |  | 100000 | &nbsp;&nbsp; 85154 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1187119** |
| **Railroads 0.0%** | **Railroads 0.0%** | **Railroads 0.0%** | **Railroads 0.0%** | **Railroads 0.0%** |
| Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. | Pacific National Finance Pty Ltd. |
| 09/24/2029 | &nbsp;&nbsp; 3.700% | AUD | 240000 | &nbsp;&nbsp; 157951 |
| **Refining 0.1%** | **Refining 0.1%** | **Refining 0.1%** | **Refining 0.1%** | **Refining 0.1%** |
| MC Brazil Downstream Trading SARL<sup>(a)</sup>  | MC Brazil Downstream Trading SARL<sup>(a)</sup>  | MC Brazil Downstream Trading SARL<sup>(a)</sup>  | MC Brazil Downstream Trading SARL<sup>(a)</sup>  | MC Brazil Downstream Trading SARL<sup>(a)</sup>  |
| 06/30/2031 | &nbsp;&nbsp; 7.250% |  | 199357 | &nbsp;&nbsp; 171614 |
| Phillips 66 Co.<sup>(h)</sup>  | Phillips 66 Co.<sup>(h)</sup>  | Phillips 66 Co.<sup>(h)</sup>  | Phillips 66 Co.<sup>(h)</sup>  | Phillips 66 Co.<sup>(h)</sup>  |
| 03/15/2056 | &nbsp;&nbsp; 6.200% |  | 210000 | &nbsp;&nbsp; 212752 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **384366** |
| **Restaurants 0.3%** | **Restaurants 0.3%** | **Restaurants 0.3%** | **Restaurants 0.3%** | **Restaurants 0.3%** |
| 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 3.875% |  | 175000 | &nbsp;&nbsp; 172814 |
| BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(a)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(a)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(a)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(a)</sup>  | BCPE Flavor Debt Merger Sub LLC/Issuer, Inc.<sup>(a)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.500% |  | 165000 | &nbsp;&nbsp; 152035 |
| Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  | Papa John's International, Inc.<sup>(a)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 3.875% |  | 110000 | &nbsp;&nbsp; 104302 |
| Yum! Brands, Inc.<sup>(a)</sup>  | Yum! Brands, Inc.<sup>(a)</sup>  | Yum! Brands, Inc.<sup>(a)</sup>  | Yum! Brands, Inc.<sup>(a)</sup>  | Yum! Brands, Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 4.750% |  | 290000 | &nbsp;&nbsp; 290310 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. |
| 03/15/2031 | &nbsp;&nbsp; 3.625% |  | 760000 | &nbsp;&nbsp; 721722 |
| 01/31/2032 | &nbsp;&nbsp; 4.625% |  | 300000 | &nbsp;&nbsp; 295279 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1736462** |
| **Retail REIT 0.0%** | **Retail REIT 0.0%** | **Retail REIT 0.0%** | **Retail REIT 0.0%** | **Retail REIT 0.0%** |
| Phillips Edison Grocery Center Operating Partnership I LP | Phillips Edison Grocery Center Operating Partnership I LP | Phillips Edison Grocery Center Operating Partnership I LP | Phillips Edison Grocery Center Operating Partnership I LP | Phillips Edison Grocery Center Operating Partnership I LP |
| 03/15/2033 | &nbsp;&nbsp; 4.750% |  | 220000 | &nbsp;&nbsp; 220279 |
| **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** |
| Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 4.625% |  | 45000 | &nbsp;&nbsp; 44332 |
| Crocs, Inc.<sup>(a)</sup>  | Crocs, Inc.<sup>(a)</sup>  | Crocs, Inc.<sup>(a)</sup>  | Crocs, Inc.<sup>(a)</sup>  | Crocs, Inc.<sup>(a)</sup>  |
| 08/15/2031 | &nbsp;&nbsp; 4.125% |  | 185000 | &nbsp;&nbsp; 172844 |
| Magic MergeCo, Inc.<sup>(a)</sup>  | Magic MergeCo, Inc.<sup>(a)</sup>  | Magic MergeCo, Inc.<sup>(a)</sup>  | Magic MergeCo, Inc.<sup>(a)</sup>  | Magic MergeCo, Inc.<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 5.250% |  | 235000 | &nbsp;&nbsp; 235000 |
| 05/01/2029 | &nbsp;&nbsp; 7.875% |  | 51000 | &nbsp;&nbsp; 51211 |
| Michaels Cos., Inc. (The)<sup>(a),(e)</sup>  | Michaels Cos., Inc. (The)<sup>(a),(e)</sup>  | Michaels Cos., Inc. (The)<sup>(a),(e)</sup>  | Michaels Cos., Inc. (The)<sup>(a),(e)</sup>  | Michaels Cos., Inc. (The)<sup>(a),(e)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 8.500% |  | 190000 | &nbsp;&nbsp; 184809 |
| 03/15/2034 | &nbsp;&nbsp; 11.000% |  | 20000 | &nbsp;&nbsp; 18750 |
| Rent-A-Center, Inc.<sup>(a)</sup>  | Rent-A-Center, Inc.<sup>(a)</sup>  | Rent-A-Center, Inc.<sup>(a)</sup>  | Rent-A-Center, Inc.<sup>(a)</sup>  | Rent-A-Center, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 6.375% |  | 105000 | &nbsp;&nbsp; 103667 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **810613** |
| **Supranational 0.3%** | **Supranational 0.3%** | **Supranational 0.3%** | **Supranational 0.3%** | **Supranational 0.3%** |
| European Bank for Reconstruction & Development | European Bank for Reconstruction & Development | European Bank for Reconstruction & Development | European Bank for Reconstruction & Development | European Bank for Reconstruction & Development |
| 10/26/2027 | &nbsp;&nbsp; 6.300% | INR | 15300000 | &nbsp;&nbsp; 167214 |
| Inter-American Development Bank | Inter-American Development Bank | Inter-American Development Bank | Inter-American Development Bank | Inter-American Development Bank |
| 10/06/2030 | &nbsp;&nbsp; 7.350% | INR | 27000000 | &nbsp;&nbsp; 301259 |
| International Bank for Reconstruction & Development | International Bank for Reconstruction & Development | International Bank for Reconstruction & Development | International Bank for Reconstruction & Development | International Bank for Reconstruction & Development |
| 03/16/2026 | &nbsp;&nbsp; 1.250% | NOK | 1410000 | &nbsp;&nbsp; 148100 |
| 04/24/2028 | &nbsp;&nbsp; 6.850% | INR | 30500000 | &nbsp;&nbsp; 336187 |
| 04/17/2030 | &nbsp;&nbsp; 6.500% | INR | 24400000 | &nbsp;&nbsp; 264806 |
| 08/08/2034 | &nbsp;&nbsp; 1.200% | EUR | 289000 | &nbsp;&nbsp; 302615 |
| International Development Association<sup>(a)</sup>  | International Development Association<sup>(a)</sup>  | International Development Association<sup>(a)</sup>  | International Development Association<sup>(a)</sup>  | International Development Association<sup>(a)</sup>  |
| 02/17/2027 | &nbsp;&nbsp; 1.750% | NOK | 900000 | &nbsp;&nbsp; 92399 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1612580** |
| **Technology 1.1%** | **Technology 1.1%** | **Technology 1.1%** | **Technology 1.1%** | **Technology 1.1%** |
| Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. |
| 02/13/2029 | &nbsp;&nbsp; 4.125% | GBP | 228000 | &nbsp;&nbsp; 309001 |
| 11/13/2032 | &nbsp;&nbsp; 4.625% | GBP | 208000 | &nbsp;&nbsp; 282873 |
| 05/06/2033 | &nbsp;&nbsp; 3.000% | EUR | 244000 | &nbsp;&nbsp; 286868 |
| 11/06/2038 | &nbsp;&nbsp; 3.500% | EUR | 100000 | &nbsp;&nbsp; 115814 |
| 11/06/2044 | &nbsp;&nbsp; 4.000% | EUR | 135000 | &nbsp;&nbsp; 156922 |
| Block, Inc. | Block, Inc. | Block, Inc. | Block, Inc. | Block, Inc. |
| 05/15/2032 | &nbsp;&nbsp; 6.500% |  | 85000 | &nbsp;&nbsp; 87435 |
| CACI International, Inc.<sup>(a),(e)</sup>  | CACI International, Inc.<sup>(a),(e)</sup>  | CACI International, Inc.<sup>(a),(e)</sup>  | CACI International, Inc.<sup>(a),(e)</sup>  | CACI International, Inc.<sup>(a),(e)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 6.375% |  | 215000 | &nbsp;&nbsp; 221747 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  |
| 08/15/2033 | &nbsp;&nbsp; 6.625% |  | 545000 | &nbsp;&nbsp; 514333 |
| Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  |
| 06/30/2032 | &nbsp;&nbsp; 8.250% |  | 295000 | &nbsp;&nbsp; 295259 |
| Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.375% |  | 85000 | &nbsp;&nbsp; 69540 |
| CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.250% |  | 640000 | &nbsp;&nbsp; 626771 |
| Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. | Dell International LLC/EMC Corp. |
| 04/01/2028 | &nbsp;&nbsp; 4.750% |  | 315000 | &nbsp;&nbsp; 319929 |
| 07/15/2046 | &nbsp;&nbsp; 8.350% |  | 275000 | &nbsp;&nbsp; 351873 |
| Equinix Asia Financing Corp., Pte Ltd.<sup>(e)</sup>  | Equinix Asia Financing Corp., Pte Ltd.<sup>(e)</sup>  | Equinix Asia Financing Corp., Pte Ltd.<sup>(e)</sup>  | Equinix Asia Financing Corp., Pte Ltd.<sup>(e)</sup>  | Equinix Asia Financing Corp., Pte Ltd.<sup>(e)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 4.400% |  | 120000 | &nbsp;&nbsp; 119903 |
| Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC | Equinix Europe 2 Financing Corp. LLC |
| 11/22/2034 | &nbsp;&nbsp; 3.625% | EUR | 130000 | &nbsp;&nbsp; 151318 |
| Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. |
| 02/15/2031 | &nbsp;&nbsp; 4.550% |  | 110000 | &nbsp;&nbsp; 109687 |
| 08/21/2033 | &nbsp;&nbsp; 5.625% |  | 75000 | &nbsp;&nbsp; 77643 |
| 03/15/2034 | &nbsp;&nbsp; 5.450% |  | 170000 | &nbsp;&nbsp; 173290 |
| 08/11/2035 | &nbsp;&nbsp; 5.250% |  | 185000 | &nbsp;&nbsp; 185014 |
| Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  | Foundry JV Holdco LLC<sup>(a)</sup>  |
| 01/25/2031 | &nbsp;&nbsp; 5.500% |  | 60000 | &nbsp;&nbsp; 62610 |
| Gartner, Inc.<sup>(a)</sup>  | Gartner, Inc.<sup>(a)</sup>  | Gartner, Inc.<sup>(a)</sup>  | Gartner, Inc.<sup>(a)</sup>  | Gartner, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 3.750% |  | 345000 | &nbsp;&nbsp; 319001 |
| Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. |
| 11/15/2028 | &nbsp;&nbsp; 4.500% |  | 330000 | &nbsp;&nbsp; 331140 |
| Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
| 08/12/2031 | &nbsp;&nbsp; 2.000% |  | 50000 | &nbsp;&nbsp; 44296 |
| 02/10/2053 | &nbsp;&nbsp; 5.700% |  | 45000 | &nbsp;&nbsp; 42689 |
| ION Platform Finance US Inc./SARL<sup>(a)</sup>  | ION Platform Finance US Inc./SARL<sup>(a)</sup>  | ION Platform Finance US Inc./SARL<sup>(a)</sup>  | ION Platform Finance US Inc./SARL<sup>(a)</sup>  | ION Platform Finance US Inc./SARL<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 8.750% |  | 200000 | &nbsp;&nbsp; 185940 |
| Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 6.250% |  | 100000 | &nbsp;&nbsp; 102099 |
| MSCI, Inc.<sup>(a)</sup>  | MSCI, Inc.<sup>(a)</sup>  | MSCI, Inc.<sup>(a)</sup>  | MSCI, Inc.<sup>(a)</sup>  | MSCI, Inc.<sup>(a)</sup>  |
| 09/01/2030 | &nbsp;&nbsp; 3.625% |  | 235000 | &nbsp;&nbsp; 224560 |
| 11/01/2031 | &nbsp;&nbsp; 3.625% |  | 345000 | &nbsp;&nbsp; 324290 |
| 08/15/2033 | &nbsp;&nbsp; 3.250% |  | 90000 | &nbsp;&nbsp; 80155 |
| MSCI, Inc. | MSCI, Inc. | MSCI, Inc. | MSCI, Inc. | MSCI, Inc. |
| 03/15/2036 | &nbsp;&nbsp; 5.150% |  | 355000 | &nbsp;&nbsp; 351546 |
| NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 5.125% |  | 110000 | &nbsp;&nbsp; 107830 |
| Open Text Corp.<sup>(a)</sup>  | Open Text Corp.<sup>(a)</sup>  | Open Text Corp.<sup>(a)</sup>  | Open Text Corp.<sup>(a)</sup>  | Open Text Corp.<sup>(a)</sup>  |
| 12/01/2027 | &nbsp;&nbsp; 6.900% |  | 70000 | &nbsp;&nbsp; 71924 |
| 12/01/2029 | &nbsp;&nbsp; 3.875% |  | 80000 | &nbsp;&nbsp; 72000 |
| Open Text Holdings, Inc.<sup>(a)</sup>  | Open Text Holdings, Inc.<sup>(a)</sup>  | Open Text Holdings, Inc.<sup>(a)</sup>  | Open Text Holdings, Inc.<sup>(a)</sup>  | Open Text Holdings, Inc.<sup>(a)</sup>  |
| 12/01/2031 | &nbsp;&nbsp; 4.125% |  | 35000 | &nbsp;&nbsp; 30477 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Sabre GLBL, Inc.<sup>(a)</sup>  | Sabre GLBL, Inc.<sup>(a)</sup>  | Sabre GLBL, Inc.<sup>(a)</sup>  | Sabre GLBL, Inc.<sup>(a)</sup>  | Sabre GLBL, Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 10.750% |  | 18000 | &nbsp;&nbsp; 13289 |
| 03/15/2030 | &nbsp;&nbsp; 10.750% |  | 22000 | &nbsp;&nbsp; 15946 |
| UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  |
| 02/01/2031 | &nbsp;&nbsp; 6.875% |  | 110000 | &nbsp;&nbsp; 106743 |
| Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  | Xerox Corp.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 10.250% |  | 215000 | &nbsp;&nbsp; 155217 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **7096972** |
| **Tobacco 0.1%** | **Tobacco 0.1%** | **Tobacco 0.1%** | **Tobacco 0.1%** | **Tobacco 0.1%** |
| Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. |
| 02/04/2028 | &nbsp;&nbsp; 4.875% |  | 165000 | &nbsp;&nbsp; 167997 |
| Imperial Brands Finance PLC<sup>(a)</sup>  | Imperial Brands Finance PLC<sup>(a)</sup>  | Imperial Brands Finance PLC<sup>(a)</sup>  | Imperial Brands Finance PLC<sup>(a)</sup>  | Imperial Brands Finance PLC<sup>(a)</sup>  |
| 06/30/2028 | &nbsp;&nbsp; 4.500% |  | 540000 | &nbsp;&nbsp; 545520 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **713517** |
| **Transportation Services 0.0%** | **Transportation Services 0.0%** | **Transportation Services 0.0%** | **Transportation Services 0.0%** | **Transportation Services 0.0%** |
| Aurizon Network Pty Ltd.<sup>(a)</sup>  | Aurizon Network Pty Ltd.<sup>(a)</sup>  | Aurizon Network Pty Ltd.<sup>(a)</sup>  | Aurizon Network Pty Ltd.<sup>(a)</sup>  | Aurizon Network Pty Ltd.<sup>(a)</sup>  |
| 09/02/2030 | &nbsp;&nbsp; 2.900% | AUD | 250000 | &nbsp;&nbsp; 159597 |
| Sydney Airport Finance Co. Pty Ltd.<sup>(a)</sup>  | Sydney Airport Finance Co. Pty Ltd.<sup>(a)</sup>  | Sydney Airport Finance Co. Pty Ltd.<sup>(a)</sup>  | Sydney Airport Finance Co. Pty Ltd.<sup>(a)</sup>  | Sydney Airport Finance Co. Pty Ltd.<sup>(a)</sup>  |
| 04/19/2034 | &nbsp;&nbsp; 5.900% | AUD | 60000 | &nbsp;&nbsp; 43641 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **203238** |
| **Whole Business 0.0%** | **Whole Business 0.0%** | **Whole Business 0.0%** | **Whole Business 0.0%** | **Whole Business 0.0%** |
| AA Bond Co., Ltd.<sup>(a)</sup>  | AA Bond Co., Ltd.<sup>(a)</sup>  | AA Bond Co., Ltd.<sup>(a)</sup>  | AA Bond Co., Ltd.<sup>(a)</sup>  | AA Bond Co., Ltd.<sup>(a)</sup>  |
| 07/31/2032 | &nbsp;&nbsp; 5.500% | GBP | 100000 | &nbsp;&nbsp; 135985 |
| **Wireless 0.7%** | **Wireless 0.7%** | **Wireless 0.7%** | **Wireless 0.7%** | **Wireless 0.7%** |
| Altice France<sup>(a)</sup>  | Altice France<sup>(a)</sup>  | Altice France<sup>(a)</sup>  | Altice France<sup>(a)</sup>  | Altice France<sup>(a)</sup>  |
| 03/15/2032 | &nbsp;&nbsp; 6.500% |  | 60950 | &nbsp;&nbsp; 58284 |
| Altice France SA<sup>(a)</sup>  | Altice France SA<sup>(a)</sup>  | Altice France SA<sup>(a)</sup>  | Altice France SA<sup>(a)</sup>  | Altice France SA<sup>(a)</sup>  |
| 11/01/2029 | &nbsp;&nbsp; 9.500% |  | 45458 | &nbsp;&nbsp; 46134 |
| American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. |
| 03/15/2030 | &nbsp;&nbsp; 4.900% |  | 195000 | &nbsp;&nbsp; 200381 |
| 06/15/2030 | &nbsp;&nbsp; 2.100% |  | 175000 | &nbsp;&nbsp; 160576 |
| 04/15/2031 | &nbsp;&nbsp; 2.700% |  | 75000 | &nbsp;&nbsp; 69621 |
| 05/30/2032 | &nbsp;&nbsp; 3.625% | EUR | 200000 | &nbsp;&nbsp; 240854 |
| Cellnex Finance Co. SA<sup>(a)</sup>  | Cellnex Finance Co. SA<sup>(a)</sup>  | Cellnex Finance Co. SA<sup>(a)</sup>  | Cellnex Finance Co. SA<sup>(a)</sup>  | Cellnex Finance Co. SA<sup>(a)</sup>  |
| 09/15/2032 | &nbsp;&nbsp; 2.000% | EUR | 200000 | &nbsp;&nbsp; 216953 |
| Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  | Global Switch Finance BV<sup>(a)</sup>  |
| 10/07/2030 | &nbsp;&nbsp; 1.375% | EUR | 150000 | &nbsp;&nbsp; 166424 |
| Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  | Sprint Spectrum Co. I/II/III LLC<sup>(a)</sup>  |
| 03/20/2028 | &nbsp;&nbsp; 5.152% |  | 564750 | &nbsp;&nbsp; 567452 |
| T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. | T-Mobile US, Inc. |
| 04/15/2026 | &nbsp;&nbsp; 2.625% |  | 69000 | &nbsp;&nbsp; 68871 |
| 04/15/2027 | &nbsp;&nbsp; 3.750% |  | 20000 | &nbsp;&nbsp; 19976 |
| 03/15/2032 | &nbsp;&nbsp; 2.700% |  | 220000 | &nbsp;&nbsp; 200302 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| 02/15/2036 | &nbsp;&nbsp; 5.000% |  | 700000 | &nbsp;&nbsp; 704293 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** | **Corporate Bonds & Notes**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  |
| 01/31/2031 | &nbsp;&nbsp; 4.250% |  | 630000 | &nbsp;&nbsp; 555334 |
| 07/15/2031 | &nbsp;&nbsp; 4.500% | GBP | 185000 | &nbsp;&nbsp; 221297 |
| 07/15/2031 | &nbsp;&nbsp; 4.750% |  | 231000 | &nbsp;&nbsp; 205414 |
| 04/15/2032 | &nbsp;&nbsp; 5.625% | EUR | 205000 | &nbsp;&nbsp; 234780 |
| 01/15/2033 | &nbsp;&nbsp; 6.750% |  | 305000 | &nbsp;&nbsp; 289075 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **4226021** |
| **Wirelines 0.2%** | **Wirelines 0.2%** | **Wirelines 0.2%** | **Wirelines 0.2%** | **Wirelines 0.2%** |
| Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 9.625% |  | 305000 | &nbsp;&nbsp; 227924 |
| Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  | Frontier Communications Holdings LLC<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 8.625% |  | 391000 | &nbsp;&nbsp; 408701 |
| Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 8.250% |  | 145000 | &nbsp;&nbsp; 152485 |
| Zayo Group Holdings, Inc.<sup>(a),(m)</sup>  | Zayo Group Holdings, Inc.<sup>(a),(m)</sup>  | Zayo Group Holdings, Inc.<sup>(a),(m)</sup>  | Zayo Group Holdings, Inc.<sup>(a),(m)</sup>  | Zayo Group Holdings, Inc.<sup>(a),(m)</sup>  |
| 03/09/2030 | &nbsp;&nbsp; 9.250% |  | 151160 | &nbsp;&nbsp; 146851 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **935961** |
| Total Corporate Bonds & Notes <br>(Cost $115,461,760) | Total Corporate Bonds & Notes <br>(Cost $115,461,760) | Total Corporate Bonds & Notes <br>(Cost $115,461,760) | Total Corporate Bonds & Notes <br>(Cost $115,461,760) | &nbsp;&nbsp; **117614310** |
| **Foreign Government Obligations**<sup>(g),(n)</sup> **6.3%** | **Foreign Government Obligations**<sup>(g),(n)</sup> **6.3%** | **Foreign Government Obligations**<sup>(g),(n)</sup> **6.3%** | **Foreign Government Obligations**<sup>(g),(n)</sup> **6.3%** | **Foreign Government Obligations**<sup>(g),(n)</sup> **6.3%** |
| **Australia 1.4%** | **Australia 1.4%** | **Australia 1.4%** | **Australia 1.4%** | **Australia 1.4%** |
| Airservices Australia | Airservices Australia | Airservices Australia | Airservices Australia | Airservices Australia |
| 11/15/2028 | &nbsp;&nbsp; 5.400% | AUD | 480000 | &nbsp;&nbsp; 347657 |
| 05/15/2030 | &nbsp;&nbsp; 2.200% | AUD | 450000 | &nbsp;&nbsp; 288632 |
| Australia Government Bond<sup>(a)</sup>  | Australia Government Bond<sup>(a)</sup>  | Australia Government Bond<sup>(a)</sup>  | Australia Government Bond<sup>(a)</sup>  | Australia Government Bond<sup>(a)</sup>  |
| 03/21/2036 | &nbsp;&nbsp; 4.250% | AUD | 620000 | &nbsp;&nbsp; 428569 |
| NBN Co., Ltd.<sup>(a)</sup>  | NBN Co., Ltd.<sup>(a)</sup>  | NBN Co., Ltd.<sup>(a)</sup>  | NBN Co., Ltd.<sup>(a)</sup>  | NBN Co., Ltd.<sup>(a)</sup>  |
| 08/28/2031 | &nbsp;&nbsp; 5.000% | AUD | 1320000 | &nbsp;&nbsp; 941049 |
| 11/29/2032 | &nbsp;&nbsp; 3.375% | EUR | 180000 | &nbsp;&nbsp; 216421 |
| 03/06/2035 | &nbsp;&nbsp; 5.350% | AUD | 570000 | &nbsp;&nbsp; 408164 |
| New South Wales Treasury Corp.<sup>(a)</sup>  | New South Wales Treasury Corp.<sup>(a)</sup>  | New South Wales Treasury Corp.<sup>(a)</sup>  | New South Wales Treasury Corp.<sup>(a)</sup>  | New South Wales Treasury Corp.<sup>(a)</sup>  |
| 09/20/2035 | &nbsp;&nbsp; 4.750% | AUD | 810000 | &nbsp;&nbsp; 560850 |
| 02/20/2036 | &nbsp;&nbsp; 4.250% | AUD | 845000 | &nbsp;&nbsp; 559423 |
| 02/20/2037 | &nbsp;&nbsp; 4.750% | AUD | 255000 | &nbsp;&nbsp; 173866 |
| 02/24/2038 | &nbsp;&nbsp; 5.250% | AUD | 1375000 | &nbsp;&nbsp; 968901 |
| Queensland Treasury Corp.<sup>(a)</sup>  | Queensland Treasury Corp.<sup>(a)</sup>  | Queensland Treasury Corp.<sup>(a)</sup>  | Queensland Treasury Corp.<sup>(a)</sup>  | Queensland Treasury Corp.<sup>(a)</sup>  |
| 05/21/2035 | &nbsp;&nbsp; 3.250% | EUR | 200000 | &nbsp;&nbsp; 240151 |
| 08/22/2035 | &nbsp;&nbsp; 4.500% | AUD | 300000 | &nbsp;&nbsp; 203189 |
| 07/21/2036 | &nbsp;&nbsp; 5.250% | AUD | 360000 | &nbsp;&nbsp; 256483 |
| 08/13/2038 | &nbsp;&nbsp; 5.250% | AUD | 1035000 | &nbsp;&nbsp; 724010 |
| Treasury Corp. of Victoria | Treasury Corp. of Victoria | Treasury Corp. of Victoria | Treasury Corp. of Victoria | Treasury Corp. of Victoria |
| 12/20/2032 | &nbsp;&nbsp; 4.250% | AUD | 510000 | &nbsp;&nbsp; 350941 |
| 09/15/2036 | &nbsp;&nbsp; 4.750% | AUD | 500000 | &nbsp;&nbsp; 340901 |
| 11/20/2037 | &nbsp;&nbsp; 2.000% | AUD | 1125000 | &nbsp;&nbsp; 562666 |
| 09/15/2038 | &nbsp;&nbsp; 5.250% | AUD | 540000 | &nbsp;&nbsp; 377194 |
| 11/20/2040 | &nbsp;&nbsp; 5.000% | AUD | 430000 | &nbsp;&nbsp; 286439 |
| 11/20/2041 | &nbsp;&nbsp; 2.250% | AUD | 405000 | &nbsp;&nbsp; 184216 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **8419722** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Brazil 0.5%** | **Brazil 0.5%** | **Brazil 0.5%** | **Brazil 0.5%** | **Brazil 0.5%** |
| Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F |
| 01/01/2027 | &nbsp;&nbsp; 10.000% | BRL | 10295000 | &nbsp;&nbsp; 1993303 |
| Brazil Notas do Tesouro Nacional, Series F | Brazil Notas do Tesouro Nacional, Series F | Brazil Notas do Tesouro Nacional, Series F | Brazil Notas do Tesouro Nacional, Series F | Brazil Notas do Tesouro Nacional, Series F |
| 01/01/2029 | &nbsp;&nbsp; 10.000% | BRL | 2270000 | &nbsp;&nbsp; 423938 |
| Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond |
| 03/15/2034 | &nbsp;&nbsp; 6.125% |  | 200000 | &nbsp;&nbsp; 204857 |
| 03/15/2035 | &nbsp;&nbsp; 6.625% |  | 515000 | &nbsp;&nbsp; 540687 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **3162785** |
| **Canada 0.4%** | **Canada 0.4%** | **Canada 0.4%** | **Canada 0.4%** | **Canada 0.4%** |
| Canadian Government Bond | Canadian Government Bond | Canadian Government Bond | Canadian Government Bond | Canadian Government Bond |
| 05/01/2027 | &nbsp;&nbsp; 2.750% | CAD | 595000 | &nbsp;&nbsp; 438411 |
| 09/01/2029 | &nbsp;&nbsp; 3.500% | CAD | 465000 | &nbsp;&nbsp; 351477 |
| 12/01/2030 | &nbsp;&nbsp; 0.500% | CAD | 100000 | &nbsp;&nbsp; 66208 |
| CPPIB Capital, Inc.<sup>(a)</sup>  | CPPIB Capital, Inc.<sup>(a)</sup>  | CPPIB Capital, Inc.<sup>(a)</sup>  | CPPIB Capital, Inc.<sup>(a)</sup>  | CPPIB Capital, Inc.<sup>(a)</sup>  |
| 12/01/2031 | &nbsp;&nbsp; 2.250% | CAD | 155000 | &nbsp;&nbsp; 109088 |
| Province of British Columbia | Province of British Columbia | Province of British Columbia | Province of British Columbia | Province of British Columbia |
| 07/06/2033 | &nbsp;&nbsp; 4.200% |  | 350000 | &nbsp;&nbsp; 353978 |
| Province of Ontario<sup>(a)</sup>  | Province of Ontario<sup>(a)</sup>  | Province of Ontario<sup>(a)</sup>  | Province of Ontario<sup>(a)</sup>  | Province of Ontario<sup>(a)</sup>  |
| 01/31/2034 | &nbsp;&nbsp; 3.100% | EUR | 185000 | &nbsp;&nbsp; 221948 |
| Province of Ontario | Province of Ontario | Province of Ontario | Province of Ontario | Province of Ontario |
| 06/02/2045 | &nbsp;&nbsp; 3.450% | CAD | 500000 | &nbsp;&nbsp; 324887 |
| Province of Quebec | Province of Quebec | Province of Quebec | Province of Quebec | Province of Quebec |
| 09/08/2033 | &nbsp;&nbsp; 4.500% |  | 436000 | &nbsp;&nbsp; 448870 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2314867** |
| **Chile 0.1%** | **Chile 0.1%** | **Chile 0.1%** | **Chile 0.1%** | **Chile 0.1%** |
| Corporación Nacional del Cobre de Chile<sup>(a)</sup>  | Corporación Nacional del Cobre de Chile<sup>(a)</sup>  | Corporación Nacional del Cobre de Chile<sup>(a)</sup>  | Corporación Nacional del Cobre de Chile<sup>(a)</sup>  | Corporación Nacional del Cobre de Chile<sup>(a)</sup>  |
| 02/02/2033 | &nbsp;&nbsp; 5.125% |  | 200000 | &nbsp;&nbsp; 204390 |
| 01/26/2036 | &nbsp;&nbsp; 6.440% |  | 204000 | &nbsp;&nbsp; 223084 |
| 11/04/2044 | &nbsp;&nbsp; 4.875% |  | 490000 | &nbsp;&nbsp; 439825 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **867299** |
| **Colombia 0.0%** | **Colombia 0.0%** | **Colombia 0.0%** | **Colombia 0.0%** | **Colombia 0.0%** |
| Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond |
| 11/07/2036 | &nbsp;&nbsp; 7.750% |  | 262000 | &nbsp;&nbsp; 272799 |
| **Czech Republic 0.3%** | **Czech Republic 0.3%** | **Czech Republic 0.3%** | **Czech Republic 0.3%** | **Czech Republic 0.3%** |
| Czech Republic Government Bond | Czech Republic Government Bond | Czech Republic Government Bond | Czech Republic Government Bond | Czech Republic Government Bond |
| 11/11/2032 | &nbsp;&nbsp; 4.500% | CZK | 25510000 | &nbsp;&nbsp; 1281863 |
| 10/24/2034 | &nbsp;&nbsp; 4.250% | CZK | 8440000 | &nbsp;&nbsp; 413563 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1695426** |
| **Finland 0.1%** | **Finland 0.1%** | **Finland 0.1%** | **Finland 0.1%** | **Finland 0.1%** |
| Finland Government Bond<sup>(a)</sup>  | Finland Government Bond<sup>(a)</sup>  | Finland Government Bond<sup>(a)</sup>  | Finland Government Bond<sup>(a)</sup>  | Finland Government Bond<sup>(a)</sup>  |
| 09/15/2033 | &nbsp;&nbsp; 3.000% | EUR | 365000 | &nbsp;&nbsp; 440119 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **France 0.1%** | **France 0.1%** | **France 0.1%** | **France 0.1%** | **France 0.1%** |
| Electricite de France SA<sup>(a),(h),(j)</sup>  | Electricite de France SA<sup>(a),(h),(j)</sup>  | Electricite de France SA<sup>(a),(h),(j)</sup>  | Electricite de France SA<sup>(a),(h),(j)</sup>  | Electricite de France SA<sup>(a),(h),(j)</sup>  |
|  | &nbsp;&nbsp; 7.375% | GBP | 100000 | &nbsp;&nbsp; 142888 |
| Electricite de France SA<sup>(a)</sup>  | Electricite de France SA<sup>(a)</sup>  | Electricite de France SA<sup>(a)</sup>  | Electricite de France SA<sup>(a)</sup>  | Electricite de France SA<sup>(a)</sup>  |
| 06/17/2044 | &nbsp;&nbsp; 4.750% | EUR | 400000 | &nbsp;&nbsp; 486847 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **629735** |
| **Germany 0.1%** | **Germany 0.1%** | **Germany 0.1%** | **Germany 0.1%** | **Germany 0.1%** |
| Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  | Bundesrepublik Deutschland Bundesanleihe<sup>(a)</sup>  |
| 02/15/2034 | &nbsp;&nbsp; 2.200% | EUR | 330000 | &nbsp;&nbsp; 381654 |
| **Guatemala 0.1%** | **Guatemala 0.1%** | **Guatemala 0.1%** | **Guatemala 0.1%** | **Guatemala 0.1%** |
| Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  |
| 08/15/2036 | &nbsp;&nbsp; 6.250% |  | 710000 | &nbsp;&nbsp; 752038 |
| **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** | **Hungary 0.0%** |
| Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  |
| 09/22/2031 | &nbsp;&nbsp; 2.125% |  | 200000 | &nbsp;&nbsp; 174650 |
| **India 0.2%** | **India 0.2%** | **India 0.2%** | **India 0.2%** | **India 0.2%** |
| India Government Bond | India Government Bond | India Government Bond | India Government Bond | India Government Bond |
| 04/18/2029 | &nbsp;&nbsp; 7.100% | INR | 63040000 | &nbsp;&nbsp; 715122 |
| 10/07/2029 | &nbsp;&nbsp; 6.450% | INR | 3880000 | &nbsp;&nbsp; 43190 |
| 07/21/2030 | &nbsp;&nbsp; 6.010% | INR | 21300000 | &nbsp;&nbsp; 232145 |
| 07/12/2031 | &nbsp;&nbsp; 6.100% | INR | 7990000 | &nbsp;&nbsp; 86555 |
| 05/05/2035 | &nbsp;&nbsp; 6.330% | INR | 29270000 | &nbsp;&nbsp; 315196 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1392208** |
| **Indonesia 0.4%** | **Indonesia 0.4%** | **Indonesia 0.4%** | **Indonesia 0.4%** | **Indonesia 0.4%** |
| Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond | Indonesia Government International Bond |
| 03/12/2033 | &nbsp;&nbsp; 1.100% | EUR | 100000 | &nbsp;&nbsp; 98388 |
| 03/12/2051 | &nbsp;&nbsp; 3.050% |  | 200000 | &nbsp;&nbsp; 132386 |
| Indonesia Government International Bond<sup>(e)</sup>  | Indonesia Government International Bond<sup>(e)</sup>  | Indonesia Government International Bond<sup>(e)</sup>  | Indonesia Government International Bond<sup>(e)</sup>  | Indonesia Government International Bond<sup>(e)</sup>  |
| 03/04/2038 | &nbsp;&nbsp; 4.460% | EUR | 220000 | &nbsp;&nbsp; 260367 |
| Indonesia Treasury Bond | Indonesia Treasury Bond | Indonesia Treasury Bond | Indonesia Treasury Bond | Indonesia Treasury Bond |
| 03/15/2029 | &nbsp;&nbsp; 9.000% | IDR | 2298000000 | &nbsp;&nbsp; 150878 |
| 07/15/2030 | &nbsp;&nbsp; 6.500% | IDR | 6212000000 | &nbsp;&nbsp; 381444 |
| 02/15/2031 | &nbsp;&nbsp; 6.500% | IDR | 5024000000 | &nbsp;&nbsp; 308685 |
| 04/15/2032 | &nbsp;&nbsp; 6.375% | IDR | 13562000000 | &nbsp;&nbsp; 823845 |
| 05/15/2033 | &nbsp;&nbsp; 6.625% | IDR | 2025000000 | &nbsp;&nbsp; 123064 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2279057** |
| **Kazakhstan 0.1%** | **Kazakhstan 0.1%** | **Kazakhstan 0.1%** | **Kazakhstan 0.1%** | **Kazakhstan 0.1%** |
| KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  | KazMunayGas National Co. JSC<sup>(a)</sup>  |
| 04/24/2030 | &nbsp;&nbsp; 5.375% |  | 215000 | &nbsp;&nbsp; 221111 |
| 04/14/2033 | &nbsp;&nbsp; 3.500% |  | 430000 | &nbsp;&nbsp; 395045 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **616156** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Malaysia 0.1%** | **Malaysia 0.1%** | **Malaysia 0.1%** | **Malaysia 0.1%** | **Malaysia 0.1%** |
| Malaysia Government Bond | Malaysia Government Bond | Malaysia Government Bond | Malaysia Government Bond | Malaysia Government Bond |
| 05/15/2030 | &nbsp;&nbsp; 3.336% | MYR | 1560000 | &nbsp;&nbsp; 401982 |
| 06/30/2031 | &nbsp;&nbsp; 4.232% | MYR | 1505000 | &nbsp;&nbsp; 403942 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **805924** |
| **Mexico 0.3%** | **Mexico 0.3%** | **Mexico 0.3%** | **Mexico 0.3%** | **Mexico 0.3%** |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 05/16/2031 | &nbsp;&nbsp; 3.875% | EUR | 450000 | &nbsp;&nbsp; 533868 |
| 05/19/2033 | &nbsp;&nbsp; 4.875% |  | 227000 | &nbsp;&nbsp; 220738 |
| 02/12/2034 | &nbsp;&nbsp; 3.500% |  | 200000 | &nbsp;&nbsp; 175290 |
| 02/09/2035 | &nbsp;&nbsp; 6.350% |  | 200000 | &nbsp;&nbsp; 211001 |
| 09/22/2035 | &nbsp;&nbsp; 5.625% |  | 420000 | &nbsp;&nbsp; 420025 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1560922** |
| **New Zealand 0.6%** | **New Zealand 0.6%** | **New Zealand 0.6%** | **New Zealand 0.6%** | **New Zealand 0.6%** |
| New Zealand Government Bond | New Zealand Government Bond | New Zealand Government Bond | New Zealand Government Bond | New Zealand Government Bond |
| 05/15/2028 | &nbsp;&nbsp; 0.250% | NZD | 1090000 | &nbsp;&nbsp; 614591 |
| 05/15/2032 | &nbsp;&nbsp; 2.000% | NZD | 585000 | &nbsp;&nbsp; 313703 |
| 05/15/2034 | &nbsp;&nbsp; 4.250% | NZD | 1865000 | &nbsp;&nbsp; 1126483 |
| 05/15/2035 | &nbsp;&nbsp; 4.500% | NZD | 446000 | &nbsp;&nbsp; 272529 |
| 05/15/2041 | &nbsp;&nbsp; 1.750% | NZD | 425000 | &nbsp;&nbsp; 172999 |
| New Zealand Government Bond<sup>(a)</sup>  | New Zealand Government Bond<sup>(a)</sup>  | New Zealand Government Bond<sup>(a)</sup>  | New Zealand Government Bond<sup>(a)</sup>  | New Zealand Government Bond<sup>(a)</sup>  |
| 04/14/2033 | &nbsp;&nbsp; 3.500% | NZD | 2430000 | &nbsp;&nbsp; 1409344 |
| New Zealand Local Government Funding Agency Bond | New Zealand Local Government Funding Agency Bond | New Zealand Local Government Funding Agency Bond | New Zealand Local Government Funding Agency Bond | New Zealand Local Government Funding Agency Bond |
| 08/01/2028 | &nbsp;&nbsp; 4.700% | AUD | 110000 | &nbsp;&nbsp; 78527 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **3988176** |
| **Norway 0.4%** | **Norway 0.4%** | **Norway 0.4%** | **Norway 0.4%** | **Norway 0.4%** |
| City of Oslo Norway<sup>(b)</sup>  | City of Oslo Norway<sup>(b)</sup>  | City of Oslo Norway<sup>(b)</sup>  | City of Oslo Norway<sup>(b)</sup>  | City of Oslo Norway<sup>(b)</sup>  |
| 3-month NIBOR + 0.178% <br>02/12/2029<br>| &nbsp;&nbsp; 4.338% | NOK | 4000000 | &nbsp;&nbsp; 420496 |
| Norway Government Bond<sup>(a)</sup>  | Norway Government Bond<sup>(a)</sup>  | Norway Government Bond<sup>(a)</sup>  | Norway Government Bond<sup>(a)</sup>  | Norway Government Bond<sup>(a)</sup>  |
| 09/17/2031 | &nbsp;&nbsp; 1.250% | NOK | 4695000 | &nbsp;&nbsp; 427203 |
| 05/18/2032 | &nbsp;&nbsp; 2.125% | NOK | 11195000 | &nbsp;&nbsp; 1056821 |
| 08/15/2033 | &nbsp;&nbsp; 3.000% | NOK | 970000 | &nbsp;&nbsp; 95250 |
| 06/12/2035 | &nbsp;&nbsp; 3.750% | NOK | 2595000 | &nbsp;&nbsp; 265404 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **2265174** |
| **Philippines 0.5%** | **Philippines 0.5%** | **Philippines 0.5%** | **Philippines 0.5%** | **Philippines 0.5%** |
| Philippine Government Bond | Philippine Government Bond | Philippine Government Bond | Philippine Government Bond | Philippine Government Bond |
| 02/28/2029 | &nbsp;&nbsp; 6.250% | PHP | 18900000 | &nbsp;&nbsp; 336282 |
| 05/19/2029 | &nbsp;&nbsp; 6.500% | PHP | 43210000 | &nbsp;&nbsp; 775276 |
| 07/27/2030 | &nbsp;&nbsp; 6.375% | PHP | 47150000 | &nbsp;&nbsp; 845187 |
| 08/20/2030 | &nbsp;&nbsp; 6.000% | PHP | 28830000 | &nbsp;&nbsp; 509357 |
| 09/15/2032 | &nbsp;&nbsp; 6.750% | PHP | 30240000 | &nbsp;&nbsp; 557091 |
| Philippine Government International Bond | Philippine Government International Bond | Philippine Government International Bond | Philippine Government International Bond | Philippine Government International Bond |
| 05/17/2027 | &nbsp;&nbsp; 0.875% | EUR | 100000 | &nbsp;&nbsp; 115760 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **3138953** |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(g),(n)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Romania 0.1%** | **Romania 0.1%** | **Romania 0.1%** | **Romania 0.1%** | **Romania 0.1%** |
| Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  |
| 03/24/2035 | &nbsp;&nbsp; 5.750% |  | 90000 | &nbsp;&nbsp; 90932 |
| 03/24/2035 | &nbsp;&nbsp; 5.750% |  | 64000 | &nbsp;&nbsp; 64662 |
| 05/16/2036 | &nbsp;&nbsp; 6.625% |  | 206000 | &nbsp;&nbsp; 219233 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **374827** |
| **South Africa 0.0%** | **South Africa 0.0%** | **South Africa 0.0%** | **South Africa 0.0%** | **South Africa 0.0%** |
| 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 | Republic of South Africa Government International Bond |
| 04/20/2032 | &nbsp;&nbsp; 5.875% |  | 250000 | &nbsp;&nbsp; 258614 |
| **South Korea 0.3%** | **South Korea 0.3%** | **South Korea 0.3%** | **South Korea 0.3%** | **South Korea 0.3%** |
| Korea Treasury Bond | Korea Treasury Bond | Korea Treasury Bond | Korea Treasury Bond | Korea Treasury Bond |
| 09/10/2027 | &nbsp;&nbsp; 2.250% | KRW | 2400000000 | &nbsp;&nbsp; 1672374 |
| **United Kingdom 0.2%** | **United Kingdom 0.2%** | **United Kingdom 0.2%** | **United Kingdom 0.2%** | **United Kingdom 0.2%** |
| United Kingdom Gilt<sup>(a)</sup>  | United Kingdom Gilt<sup>(a)</sup>  | United Kingdom Gilt<sup>(a)</sup>  | United Kingdom Gilt<sup>(a)</sup>  | United Kingdom Gilt<sup>(a)</sup>  |
| 03/07/2027 | &nbsp;&nbsp; 3.750% | GBP | 165000 | &nbsp;&nbsp; 222873 |
| 07/22/2029 | &nbsp;&nbsp; 4.125% | GBP | 317000 | &nbsp;&nbsp; 434094 |
| 10/22/2031 | &nbsp;&nbsp; 4.000% | GBP | 80000 | &nbsp;&nbsp; 108657 |
| 01/31/2033 | &nbsp;&nbsp; 3.250% | GBP | 300000 | &nbsp;&nbsp; 386268 |
| 07/31/2034 | &nbsp;&nbsp; 4.250% | GBP | 300000 | &nbsp;&nbsp; 406739 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1558631** |
| Total Foreign Government Obligations <br>(Cost $37,634,400) | Total Foreign Government Obligations <br>(Cost $37,634,400) | Total Foreign Government Obligations <br>(Cost $37,634,400) | Total Foreign Government Obligations <br>(Cost $37,634,400) | &nbsp;&nbsp; **39022110** |
| **Municipal Bonds 0.0%** | **Municipal Bonds 0.0%** | **Municipal Bonds 0.0%** | **Municipal Bonds 0.0%** | **Municipal Bonds 0.0%** |
| **Issue Description** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Airport 0.0%** | **Airport 0.0%** | **Airport 0.0%** | **Airport 0.0%** | **Airport 0.0%** |
| County of Miami-Dade Aviation | County of Miami-Dade Aviation | County of Miami-Dade Aviation | County of Miami-Dade Aviation | County of Miami-Dade Aviation |
| Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds | Refunding Revenue Bonds |
| Taxable | Taxable | Taxable | Taxable | Taxable |
| Series 2020B | Series 2020B | Series 2020B | Series 2020B | Series 2020B |
| 10/01/2035 | &nbsp;&nbsp; 2.857% |  | 85000 | &nbsp;&nbsp; 74810 |
| Total Municipal Bonds <br>(Cost $85,969) | Total Municipal Bonds <br>(Cost $85,969) | Total Municipal Bonds <br>(Cost $85,969) | Total Municipal Bonds <br>(Cost $85,969) | &nbsp;&nbsp; **74810** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Preferred Stocks 0.8%** | **Preferred Stocks 0.8%** | **Preferred Stocks 0.8%** | **Preferred Stocks 0.8%** |
| **Issuer** |  | **Shares** | **Value ($)** |
| **Financials 0.7%** | **Financials 0.7%** | **Financials 0.7%** | **Financials 0.7%** |
| **Banks 0.7%** | **Banks 0.7%** | **Banks 0.7%** | **Banks 0.7%** |
| Bank of Hawaii Corp. | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 11850 | &nbsp;&nbsp; 314855 |
| Citizens Financial Group, Inc.<sup>(h)</sup> <br>| &nbsp;&nbsp; 6.500% | &nbsp;&nbsp; 31975 | &nbsp;&nbsp; 815682 |
| Fifth Third Bancorp<sup>(h)</sup> <br>| &nbsp;&nbsp; 6.875% | &nbsp;&nbsp; 27575 | &nbsp;&nbsp; 710056 |
| First Busey Corp. | &nbsp;&nbsp; 8.250% | &nbsp;&nbsp; 12125 | &nbsp;&nbsp; 314280 |
| First Citizens Bancshares, Inc.<sup>(h)</sup> <br>| &nbsp;&nbsp; 6.625% | &nbsp;&nbsp; 29850 | &nbsp;&nbsp; 751324 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Preferred Stocks (continued)** | **Preferred Stocks (continued)** | **Preferred Stocks (continued)** | **Preferred Stocks (continued)** |
| **Issuer** |  | **Shares** | **Value ($)** |
| Huntington Bancshares, Inc. | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 446 |
| Live Oak Bancshares, Inc. | &nbsp;&nbsp; 8.375% | &nbsp;&nbsp; 9100 | &nbsp;&nbsp; 231413 |
| UMB Financial Corp.<sup>(h)</sup> <br>| &nbsp;&nbsp; 7.750% | &nbsp;&nbsp; 18525 | &nbsp;&nbsp; 496470 |
| WesBanco, Inc.<sup>(h)</sup> <br>| &nbsp;&nbsp; 7.375% | &nbsp;&nbsp; 26425 | &nbsp;&nbsp; 683086 |
| Wintrust Financial Corp.<sup>(h)</sup> <br>| &nbsp;&nbsp; 7.875% | &nbsp;&nbsp; 10275 | &nbsp;&nbsp; 274343 |
| Total |  |  | &nbsp;&nbsp; 4591955 |
| **Total Financials** | **Total Financials** | **Total Financials** | &nbsp;&nbsp; **4591955** |
| **Utilities 0.1%** | **Utilities 0.1%** | **Utilities 0.1%** | **Utilities 0.1%** |
| **Electric Utilities 0.1%** | **Electric Utilities 0.1%** | **Electric Utilities 0.1%** | **Electric Utilities 0.1%** |
| PPL Corp. | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 8095 | &nbsp;&nbsp; 417621 |
| **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **417621** |
| Total Preferred Stocks <br>(Cost $4,845,073) | Total Preferred Stocks <br>(Cost $4,845,073) | Total Preferred Stocks <br>(Cost $4,845,073) | &nbsp;&nbsp; **5009576** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency 9.5%** | **Residential Mortgage-Backed Securities - Agency 9.5%** | **Residential Mortgage-Backed Securities - Agency 9.5%** | **Residential Mortgage-Backed Securities - Agency 9.5%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Fannie Mae Interest Strip<sup>(f)</sup>  | Fannie Mae Interest Strip<sup>(f)</sup>  | Fannie Mae Interest Strip<sup>(f)</sup>  | Fannie Mae Interest Strip<sup>(f)</sup>  |
| CMO Series 427 Class C21 | CMO Series 427 Class C21 | CMO Series 427 Class C21 | CMO Series 427 Class C21 |
| 03/25/2050 | &nbsp;&nbsp; 2.000% | 707293 | &nbsp;&nbsp; 87954 |
| Fannie Mae REMICS<sup>(f)</sup>  | Fannie Mae REMICS<sup>(f)</sup>  | Fannie Mae REMICS<sup>(f)</sup>  | Fannie Mae REMICS<sup>(f)</sup>  |
| CMO Series 2021-59 Class KI | CMO Series 2021-59 Class KI | CMO Series 2021-59 Class KI | CMO Series 2021-59 Class KI |
| 09/25/2051 | &nbsp;&nbsp; 4.000% | 1345109 | &nbsp;&nbsp; 313825 |
| Fannie Mae REMICS<sup>(b),(f)</sup>  | Fannie Mae REMICS<sup>(b),(f)</sup>  | Fannie Mae REMICS<sup>(b),(f)</sup>  | Fannie Mae REMICS<sup>(b),(f)</sup>  |
| CMO Series 2024-98 Class SC | CMO Series 2024-98 Class SC | CMO Series 2024-98 Class SC | CMO Series 2024-98 Class SC |
| -1.0 x 30-day Average SOFR + <br> 5.950% <br>Cap 5.950% <br>12/25/2054<br>| &nbsp;&nbsp; 2.283% | 820907 | &nbsp;&nbsp; 80300 |
| CMO Series 2024-98 Class SE | CMO Series 2024-98 Class SE | CMO Series 2024-98 Class SE | CMO Series 2024-98 Class SE |
| 30-day Average SOFR + 5.980% <br>Cap 5.980% <br>12/25/2054<br>| &nbsp;&nbsp; 2.313% | 561069 | &nbsp;&nbsp; 52460 |
| CMO Series 2024-98 Class SG | CMO Series 2024-98 Class SG | CMO Series 2024-98 Class SG | CMO Series 2024-98 Class SG |
| -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>11/25/2054<br>| &nbsp;&nbsp; 2.333% | 632446 | &nbsp;&nbsp; 64448 |
| CMO Series 2025-49 Class SC | CMO Series 2025-49 Class SC | CMO Series 2025-49 Class SC | CMO Series 2025-49 Class SC |
| -1.0 x 30-day Average SOFR + <br> 5.200% <br>Cap 5.200% <br>06/25/2055<br>| &nbsp;&nbsp; 1.533% | 1469467 | &nbsp;&nbsp; 85136 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 03/01/2052 | &nbsp;&nbsp; 2.000% | 750632 | &nbsp;&nbsp; 624530 |
| 05/01/2052 | &nbsp;&nbsp; 2.500% | 1204156 | &nbsp;&nbsp; 1049495 |
| 05/01/2052- <br>10/01/2052<br>| &nbsp;&nbsp; 3.000% | 1750055 | &nbsp;&nbsp; 1585851 |
| 08/01/2052- <br>12/01/2052<br>| &nbsp;&nbsp; 4.000% | 2434229 | &nbsp;&nbsp; 2368730 |
| 09/01/2052- <br>10/01/2052<br>| &nbsp;&nbsp; 4.500% | 3446645 | &nbsp;&nbsp; 3423489 |
| 06/01/2053- <br>01/01/2055<br>| &nbsp;&nbsp; 5.000% | 2584767 | &nbsp;&nbsp; 2612646 |
| 02/01/2055 | &nbsp;&nbsp; 5.500% | 381984 | &nbsp;&nbsp; 393955 |
| Federal Home Loan Mortgage Corp.<sup>(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(f)</sup>  |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 03/15/2052 | &nbsp;&nbsp; 2.000% | 2581654 | &nbsp;&nbsp; 332437 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 09/01/2051- <br>05/01/2053<br>| &nbsp;&nbsp; 2.500% | 1910329 | &nbsp;&nbsp; 1662111 |
| 12/01/2051- <br>02/01/2052<br>| &nbsp;&nbsp; 2.000% | 2339703 | &nbsp;&nbsp; 1944399 |
| 06/01/2052- <br>02/01/2053<br>| &nbsp;&nbsp; 4.000% | 3083302 | &nbsp;&nbsp; 2999867 |
| 07/01/2052- <br>08/01/2053<br>| &nbsp;&nbsp; 4.500% | 4407692 | &nbsp;&nbsp; 4374565 |
| 02/01/2054- <br>01/01/2055<br>| &nbsp;&nbsp; 5.500% | 5308881 | &nbsp;&nbsp; 5451720 |
| 12/01/2054 | &nbsp;&nbsp; 5.000% | 518039 | &nbsp;&nbsp; 526721 |
| Federal National Mortgage Association<sup>(b)</sup>  | Federal National Mortgage Association<sup>(b)</sup>  | Federal National Mortgage Association<sup>(b)</sup>  | Federal National Mortgage Association<sup>(b)</sup>  |
| CMO Series 2013-5 Class GF | CMO Series 2013-5 Class GF | CMO Series 2013-5 Class GF | CMO Series 2013-5 Class GF |
| 30-day Average SOFR + 1.214% <br>Floor 1.100%, Cap 5.000% <br>10/25/2042<br>| &nbsp;&nbsp; 4.882% | 172298 | &nbsp;&nbsp; 167619 |
| Federal National Mortgage Association<sup>(f)</sup>  | Federal National Mortgage Association<sup>(f)</sup>  | Federal National Mortgage Association<sup>(f)</sup>  | Federal National Mortgage Association<sup>(f)</sup>  |
| CMO Series 436 Class C32 | CMO Series 436 Class C32 | CMO Series 436 Class C32 | CMO Series 436 Class C32 |
| 10/25/2052 | &nbsp;&nbsp; 2.000% | 1045165 | &nbsp;&nbsp; 135222 |
| STRIPS | STRIPS | STRIPS | STRIPS |
| 11/25/2050- <br>10/25/2052<br>| &nbsp;&nbsp; 2.000% | 5026500 | &nbsp;&nbsp; 635649 |
| Freddie Mac Pool | Freddie Mac Pool | Freddie Mac Pool | Freddie Mac Pool |
| 12/01/2055 | &nbsp;&nbsp; 5.000% | 367343 | &nbsp;&nbsp; 371940 |
| Freddie Mac Remics | Freddie Mac Remics | Freddie Mac Remics | Freddie Mac Remics |
| CMO Series 2025-5617 | CMO Series 2025-5617 | CMO Series 2025-5617 | CMO Series 2025-5617 |
| 08/25/2051 | &nbsp;&nbsp; 4.000% | 959097 | &nbsp;&nbsp; 192747 |
| Freddie Mac REMICS<sup>(f)</sup>  | Freddie Mac REMICS<sup>(f)</sup>  | Freddie Mac REMICS<sup>(f)</sup>  | Freddie Mac REMICS<sup>(f)</sup>  |
| CMO Series 5070 Class MI | CMO Series 5070 Class MI | CMO Series 5070 Class MI | CMO Series 5070 Class MI |
| 02/25/2051 | &nbsp;&nbsp; 3.500% | 820099 | &nbsp;&nbsp; 128364 |
| Freddie Mac REMICS<sup>(b),(f)</sup>  | Freddie Mac REMICS<sup>(b),(f)</sup>  | Freddie Mac REMICS<sup>(b),(f)</sup>  | Freddie Mac REMICS<sup>(b),(f)</sup>  |
| CMO Series 5468 Class SE | CMO Series 5468 Class SE | CMO Series 5468 Class SE | CMO Series 5468 Class SE |
| -1.0 x 30-day Average SOFR + <br> 5.350% <br>Cap 5.350% <br>10/25/2054<br>| &nbsp;&nbsp; 1.683% | 1816455 | &nbsp;&nbsp; 137436 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CMO Series 5496 Class S | CMO Series 5496 Class S | CMO Series 5496 Class S | CMO Series 5496 Class S |
| -1.0 x 30-day Average SOFR + <br> 5.900% <br>Cap 5.900% <br>01/25/2055<br>| &nbsp;&nbsp; 2.233% | 1976637 | &nbsp;&nbsp; 131787 |
| CMO Series 5512 Class LS | CMO Series 5512 Class LS | CMO Series 5512 Class LS | CMO Series 5512 Class LS |
| -1.0 x 30-day Average SOFR + <br> 5.896% <br>Cap 5.896% <br>03/25/2055<br>| &nbsp;&nbsp; 2.229% | 2418081 | &nbsp;&nbsp; 155296 |
| CMO Series 5544 Class SD | CMO Series 5544 Class SD | CMO Series 5544 Class SD | CMO Series 5544 Class SD |
| -1.0 x 30-day Average SOFR + <br> 5.050% <br>Cap 5.050% <br>06/25/2055<br>| &nbsp;&nbsp; 1.383% | 2797672 | &nbsp;&nbsp; 165093 |
| CMO Series 5578 Class SD | CMO Series 5578 Class SD | CMO Series 5578 Class SD | CMO Series 5578 Class SD |
| 30-day Average SOFR + 5.900% <br>Cap 5.900% <br>09/25/2055<br>| &nbsp;&nbsp; 2.233% | 2077544 | &nbsp;&nbsp; 172039 |
| Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  |
| CMO Series 5546B Class AS | CMO Series 5546B Class AS | CMO Series 5546B Class AS | CMO Series 5546B Class AS |
| -1.5 x 30-day Average SOFR + <br> 10.500% <br>Cap 10.500% <br>06/25/2055<br>| &nbsp;&nbsp; 4.999% | 250023 | &nbsp;&nbsp; 244901 |
| CMO Series 5547 Class S | CMO Series 5547 Class S | CMO Series 5547 Class S | CMO Series 5547 Class S |
| -1.5 x 30-day Average SOFR + <br> 10.575% <br>Cap 10.575% <br>06/25/2055<br>| &nbsp;&nbsp; 5.074% | 258035 | &nbsp;&nbsp; 253558 |
| CMO Series 5548B Class S | CMO Series 5548B Class S | CMO Series 5548B Class S | CMO Series 5548B Class S |
| -1.7 x 30-day Average SOFR + <br> 11.667% <br>Cap 11.667% <br>06/25/2055<br>| &nbsp;&nbsp; 5.555% | 251196 | &nbsp;&nbsp; 249492 |
| CMO Series 5549 Class JS | CMO Series 5549 Class JS | CMO Series 5549 Class JS | CMO Series 5549 Class JS |
| -1.5 x 30-day Average SOFR + <br> 10.500% <br>Cap 10.500% <br>06/25/2055<br>| &nbsp;&nbsp; 4.999% | 75863 | &nbsp;&nbsp; 74550 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| 08/20/2052- <br>11/20/2052<br>| &nbsp;&nbsp; 4.000% | 913887 | &nbsp;&nbsp; 888084 |
| 11/20/2052- <br>12/20/2052<br>| &nbsp;&nbsp; 4.500% | 1235549 | &nbsp;&nbsp; 1230380 |
| Government National Mortgage Association<sup>(f)</sup>  | Government National Mortgage Association<sup>(f)</sup>  | Government National Mortgage Association<sup>(f)</sup>  | Government National Mortgage Association<sup>(f)</sup>  |
| CMO Series 2017-136 Class IO | CMO Series 2017-136 Class IO | CMO Series 2017-136 Class IO | CMO Series 2017-136 Class IO |
| 09/20/2047 | &nbsp;&nbsp; 5.000% | 425750 | &nbsp;&nbsp; 86799 |
| CMO Series 2018-63 Class IO | CMO Series 2018-63 Class IO | CMO Series 2018-63 Class IO | CMO Series 2018-63 Class IO |
| 09/20/2047 | &nbsp;&nbsp; 4.000% | 576287 | &nbsp;&nbsp; 107856 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Government National Mortgage Association<sup>(b),(f)</sup>  | Government National Mortgage Association<sup>(b),(f)</sup>  | Government National Mortgage Association<sup>(b),(f)</sup>  | Government National Mortgage Association<sup>(b),(f)</sup>  |
| CMO Series 2024-151 Class ES | CMO Series 2024-151 Class ES | CMO Series 2024-151 Class ES | CMO Series 2024-151 Class ES |
| -1.0 x 30-day Average SOFR + <br> 5.400% <br>Cap 5.400% <br>09/20/2054<br>| &nbsp;&nbsp; 1.739% | 1184825 | &nbsp;&nbsp; 65130 |
| CMO Series 2024-154 Class SB | CMO Series 2024-154 Class SB | CMO Series 2024-154 Class SB | CMO Series 2024-154 Class SB |
| -1.0 x 30-day Average SOFR + <br> 5.400% <br>Cap 5.400% <br>09/20/2054<br>| &nbsp;&nbsp; 1.739% | 1287098 | &nbsp;&nbsp; 83444 |
| CMO Series 2024-160 Class KS | CMO Series 2024-160 Class KS | CMO Series 2024-160 Class KS | CMO Series 2024-160 Class KS |
| -1.0 x 30-day Average SOFR + <br> 5.480% <br>Cap 5.480% <br>10/20/2054<br>| &nbsp;&nbsp; 1.819% | 2558215 | &nbsp;&nbsp; 145711 |
| Government National Mortgage Association TBA<sup>(e)</sup>  | Government National Mortgage Association TBA<sup>(e)</sup>  | Government National Mortgage Association TBA<sup>(e)</sup>  | Government National Mortgage Association TBA<sup>(e)</sup>  |
| 03/19/2056 | &nbsp;&nbsp; 4.000% | 1500000 | &nbsp;&nbsp; 1442810 |
| 03/19/2056 | &nbsp;&nbsp; 4.500% | 1825000 | &nbsp;&nbsp; 1803471 |
| 04/21/2056 | &nbsp;&nbsp; 3.500% | 1475000 | &nbsp;&nbsp; 1379683 |
| Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(e)</sup>  |
| 03/13/2054 | &nbsp;&nbsp; 3.000% | 575000 | &nbsp;&nbsp; 519908 |
| 03/13/2055 | &nbsp;&nbsp; 2.000% | 75000 | &nbsp;&nbsp; 62118 |
| 03/13/2055 | &nbsp;&nbsp; 3.500% | 6225000 | &nbsp;&nbsp; 5865696 |
| 03/13/2055- <br>05/13/2055<br>| &nbsp;&nbsp; 4.000% | 1975000 | &nbsp;&nbsp; 1941863 |
| 03/13/2055 | &nbsp;&nbsp; 5.000% | 5700000 | &nbsp;&nbsp; 5725567 |
| 03/12/2056 | &nbsp;&nbsp; 4.500% | 1125000 | &nbsp;&nbsp; 1112456 |
| 03/12/2056 | &nbsp;&nbsp; 5.500% | 3150000 | &nbsp;&nbsp; 3200503 |
| Total Residential Mortgage-Backed Securities - Agency <br>(Cost $57,542,995) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $57,542,995) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $57,542,995) | &nbsp;&nbsp; **58911811** |
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **10.4%** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **10.4%** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **10.4%** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **10.4%** |
| ABFC Trust<sup>(b)</sup>  | ABFC Trust<sup>(b)</sup>  | ABFC Trust<sup>(b)</sup>  | ABFC Trust<sup>(b)</sup>  |
| CMO Series 2007-WMC1 Class A1A | CMO Series 2007-WMC1 Class A1A | CMO Series 2007-WMC1 Class A1A | CMO Series 2007-WMC1 Class A1A |
| 1-month Term SOFR + 1.364% <br>Floor 1.250% <br>06/25/2037<br>| &nbsp;&nbsp; 5.038% | 541781 | &nbsp;&nbsp; 390776 |
| ACRA Trust<sup>(a),(c)</sup>  | ACRA Trust<sup>(a),(c)</sup>  | ACRA Trust<sup>(a),(c)</sup>  | ACRA Trust<sup>(a),(c)</sup>  |
| CMO Series 2024-NQM1 Class M1A | CMO Series 2024-NQM1 Class M1A | CMO Series 2024-NQM1 Class M1A | CMO Series 2024-NQM1 Class M1A |
| 10/25/2064 | &nbsp;&nbsp; 6.191% | 640000 | &nbsp;&nbsp; 648000 |
| Alternative Loan Trust<sup>(c)</sup>  | Alternative Loan Trust<sup>(c)</sup>  | Alternative Loan Trust<sup>(c)</sup>  | Alternative Loan Trust<sup>(c)</sup>  |
| CMO Series 2005-43 Class 1A | CMO Series 2005-43 Class 1A | CMO Series 2005-43 Class 1A | CMO Series 2005-43 Class 1A |
| 10/25/2035 | &nbsp;&nbsp; 3.908% | 139325 | &nbsp;&nbsp; 125907 |
| Alternative Loan Trust<sup>(b)</sup>  | Alternative Loan Trust<sup>(b)</sup>  | Alternative Loan Trust<sup>(b)</sup>  | Alternative Loan Trust<sup>(b)</sup>  |
| CMO Series 2005-59 Class 1A1 | CMO Series 2005-59 Class 1A1 | CMO Series 2005-59 Class 1A1 | CMO Series 2005-59 Class 1A1 |
| 1-month Term SOFR + 0.774% <br>Floor 0.660%, Cap 11.000% <br>11/20/2035<br>| &nbsp;&nbsp; 4.442% | 569722 | &nbsp;&nbsp; 563077 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CMO Series 2007-OH3 Class A1B | CMO Series 2007-OH3 Class A1B | CMO Series 2007-OH3 Class A1B | CMO Series 2007-OH3 Class A1B |
| 1-month Term SOFR + 0.554% <br>Floor 0.440%, Cap 10.000% <br>09/25/2047<br>| &nbsp;&nbsp; 4.228% | 353995 | &nbsp;&nbsp; 341519 |
| American Home Mortgage Investment Trust<sup>(b)</sup>  | American Home Mortgage Investment Trust<sup>(b)</sup>  | American Home Mortgage Investment Trust<sup>(b)</sup>  | American Home Mortgage Investment Trust<sup>(b)</sup>  |
| CMO Series 2005-1 Class 6A | CMO Series 2005-1 Class 6A | CMO Series 2005-1 Class 6A | CMO Series 2005-1 Class 6A |
| 6-month Term SOFR + 2.428% <br>Floor 2.000%, Cap 11.000% <br>06/25/2045<br>| &nbsp;&nbsp; 6.049% | 18 | &nbsp;&nbsp; 18 |
| Angel Oak Mortgage Trust<sup>(a),(c)</sup>  | Angel Oak Mortgage Trust<sup>(a),(c)</sup>  | Angel Oak Mortgage Trust<sup>(a),(c)</sup>  | Angel Oak Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2026-1 Class A1 | CMO Series 2026-1 Class A1 | CMO Series 2026-1 Class A1 | CMO Series 2026-1 Class A1 |
| 02/25/2071 | &nbsp;&nbsp; 4.747% | 366063 | &nbsp;&nbsp; 366548 |
| Arroyo Mortgage Trust<sup>(a),(c)</sup>  | Arroyo Mortgage Trust<sup>(a),(c)</sup>  | Arroyo Mortgage Trust<sup>(a),(c)</sup>  | Arroyo Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 | CMO Series 2019-1 Class A1 |
| 01/25/2049 | &nbsp;&nbsp; 3.805% | 25797 | &nbsp;&nbsp; 25591 |
| Banc of America Funding Trust<sup>(a),(c)</sup>  | Banc of America Funding Trust<sup>(a),(c)</sup>  | Banc of America Funding Trust<sup>(a),(c)</sup>  | Banc of America Funding Trust<sup>(a),(c)</sup>  |
| Subordinated CMO Series 2014-R6 Class 2A13 | Subordinated CMO Series 2014-R6 Class 2A13 | Subordinated CMO Series 2014-R6 Class 2A13 | Subordinated CMO Series 2014-R6 Class 2A13 |
| 07/26/2036 | &nbsp;&nbsp; 4.048% | 234842 | &nbsp;&nbsp; 233312 |
| Bear Stearns Mortgage Funding Trust<sup>(b)</sup>  | Bear Stearns Mortgage Funding Trust<sup>(b)</sup>  | Bear Stearns Mortgage Funding Trust<sup>(b)</sup>  | Bear Stearns Mortgage Funding Trust<sup>(b)</sup>  |
| CMO Series 2006-AR3 Class 1A1 | CMO Series 2006-AR3 Class 1A1 | CMO Series 2006-AR3 Class 1A1 | CMO Series 2006-AR3 Class 1A1 |
| 1-month Term SOFR + 0.294% <br>Floor 0.180%, Cap 10.500% <br>10/25/2036<br>| &nbsp;&nbsp; 4.147% | 223026 | &nbsp;&nbsp; 200791 |
| CMO Series 2006-AR4 Class A1 | CMO Series 2006-AR4 Class A1 | CMO Series 2006-AR4 Class A1 | CMO Series 2006-AR4 Class A1 |
| 1-month Term SOFR + 0.534% <br>Floor 0.420%, Cap 10.500% <br>12/25/2036<br>| &nbsp;&nbsp; 4.208% | 258315 | &nbsp;&nbsp; 257334 |
| CMO Series 2007-AR3 Class 21A1 | CMO Series 2007-AR3 Class 21A1 | CMO Series 2007-AR3 Class 21A1 | CMO Series 2007-AR3 Class 21A1 |
| 1-month Term SOFR + 0.414% <br>Floor 0.300%, Cap 10.500% <br>04/25/2037<br>| &nbsp;&nbsp; 4.088% | 240217 | &nbsp;&nbsp; 224620 |
| CMO Series 2007-AR5 Class 2A2 | CMO Series 2007-AR5 Class 2A2 | CMO Series 2007-AR5 Class 2A2 | CMO Series 2007-AR5 Class 2A2 |
| 1-month Term SOFR + 0.574% <br>Floor 0.230%, Cap 10.500% <br>06/25/2037<br>| &nbsp;&nbsp; 4.248% | 699082 | &nbsp;&nbsp; 646547 |
| Carrington Mortgage Loan Trust<sup>(b)</sup>  | Carrington Mortgage Loan Trust<sup>(b)</sup>  | Carrington Mortgage Loan Trust<sup>(b)</sup>  | Carrington Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2007-FRE1 Class A3 | CMO Series 2007-FRE1 Class A3 | CMO Series 2007-FRE1 Class A3 | CMO Series 2007-FRE1 Class A3 |
| 1-month Term SOFR + 0.374% <br>Floor 0.260%, Cap 14.500% <br>02/25/2037<br>| &nbsp;&nbsp; 4.047% | 505848 | &nbsp;&nbsp; 490372 |
| CIM Trust<sup>(a),(c)</sup>  | CIM Trust<sup>(a),(c)</sup>  | CIM Trust<sup>(a),(c)</sup>  | CIM Trust<sup>(a),(c)</sup>  |
| CMO Series 2020-R6 Class A1 | CMO Series 2020-R6 Class A1 | CMO Series 2020-R6 Class A1 | CMO Series 2020-R6 Class A1 |
| 12/25/2060 | &nbsp;&nbsp; 2.250% | 578949 | &nbsp;&nbsp; 534692 |
| CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A | CMO Series 2021-R3 Class A1A |
| 06/25/2057 | &nbsp;&nbsp; 1.951% | 713585 | &nbsp;&nbsp; 668646 |
| CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A | CMO Series 2023-R3 Class A1A |
| 01/25/2063 | &nbsp;&nbsp; 4.500% | 462340 | &nbsp;&nbsp; 451887 |
| CIM Trust<sup>(a),(h)</sup>  | CIM Trust<sup>(a),(h)</sup>  | CIM Trust<sup>(a),(h)</sup>  | CIM Trust<sup>(a),(h)</sup>  |
| CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 | CMO Series 2025-R1 Class A1 |
| 02/25/2099 | &nbsp;&nbsp; 5.000% | 572948 | &nbsp;&nbsp; 571403 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Citigroup Mortgage Loan Trust, Inc.<sup>(c)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(c)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(c)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(c)</sup>  |
| CMO Series 2006-AR2 Class 1A1 | CMO Series 2006-AR2 Class 1A1 | CMO Series 2006-AR2 Class 1A1 | CMO Series 2006-AR2 Class 1A1 |
| 03/25/2036 | &nbsp;&nbsp; 5.381% | 191301 | &nbsp;&nbsp; 141476 |
| COLT Mortgage Loan Trust<sup>(a),(h)</sup>  | COLT Mortgage Loan Trust<sup>(a),(h)</sup>  | COLT Mortgage Loan Trust<sup>(a),(h)</sup>  | COLT Mortgage Loan Trust<sup>(a),(h)</sup>  |
| CMO Series 2023-1 Class A1 | CMO Series 2023-1 Class A1 | CMO Series 2023-1 Class A1 | CMO Series 2023-1 Class A1 |
| 04/25/2068 | &nbsp;&nbsp; 6.048% | 225936 | &nbsp;&nbsp; 226375 |
| COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  | COLT Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2024-7 Class B1 | CMO Series 2024-7 Class B1 | CMO Series 2024-7 Class B1 | CMO Series 2024-7 Class B1 |
| 12/26/2069 | &nbsp;&nbsp; 7.126% | 360000 | &nbsp;&nbsp; 366094 |
| Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  | Connecticut Avenue Securities Trust<sup>(a),(b)</sup>  |
| CMO Series 2021-R01 Class 1B2 | CMO Series 2021-R01 Class 1B2 | CMO Series 2021-R01 Class 1B2 | CMO Series 2021-R01 Class 1B2 |
| 30-day Average SOFR + 6.000% <br>10/25/2041<br>| &nbsp;&nbsp; 9.667% | 420000 | &nbsp;&nbsp; 431652 |
| CMO Series 2022-R05 Class 2M2 | CMO Series 2022-R05 Class 2M2 | CMO Series 2022-R05 Class 2M2 | CMO Series 2022-R05 Class 2M2 |
| 30-day Average SOFR + 3.000% <br>04/25/2042<br>| &nbsp;&nbsp; 6.667% | 645000 | &nbsp;&nbsp; 658144 |
| CMO Series 2022-R09 Class 2M1 | CMO Series 2022-R09 Class 2M1 | CMO Series 2022-R09 Class 2M1 | CMO Series 2022-R09 Class 2M1 |
| 30-day Average SOFR + 2.500% <br>09/25/2042<br>| &nbsp;&nbsp; 6.167% | 58776 | &nbsp;&nbsp; 59472 |
| CMO Series 2023-R01 Class 1M1 | CMO Series 2023-R01 Class 1M1 | CMO Series 2023-R01 Class 1M1 | CMO Series 2023-R01 Class 1M1 |
| 30-day Average SOFR + 2.400% <br>12/25/2042<br>| &nbsp;&nbsp; 6.067% | 72351 | &nbsp;&nbsp; 74210 |
| CMO Series 2023-R03 Class 2M2 | CMO Series 2023-R03 Class 2M2 | CMO Series 2023-R03 Class 2M2 | CMO Series 2023-R03 Class 2M2 |
| 30-day Average SOFR + 3.900% <br>04/25/2043<br>| &nbsp;&nbsp; 7.567% | 285000 | &nbsp;&nbsp; 299563 |
| CMO Series 2023-R06 Class 1M2 | CMO Series 2023-R06 Class 1M2 | CMO Series 2023-R06 Class 1M2 | CMO Series 2023-R06 Class 1M2 |
| 30-day Average SOFR + 2.700% <br>07/25/2043<br>| &nbsp;&nbsp; 6.367% | 120000 | &nbsp;&nbsp; 123146 |
| CMO Series 2025-R02 Class 1M2 | CMO Series 2025-R02 Class 1M2 | CMO Series 2025-R02 Class 1M2 | CMO Series 2025-R02 Class 1M2 |
| 30-day Average SOFR + 1.600% <br>Floor 1.600% <br>02/25/2045<br>| &nbsp;&nbsp; 5.267% | 355000 | &nbsp;&nbsp; 356941 |
| CMO Series 2025-R06 Class 1B1 | CMO Series 2025-R06 Class 1B1 | CMO Series 2025-R06 Class 1B1 | CMO Series 2025-R06 Class 1B1 |
| 30-day Average SOFR + 1.850% <br>09/25/2045<br>| &nbsp;&nbsp; 5.517% | 230000 | &nbsp;&nbsp; 232834 |
| Subordinated CMO Series 2022-R01 Class 1B2 | Subordinated CMO Series 2022-R01 Class 1B2 | Subordinated CMO Series 2022-R01 Class 1B2 | Subordinated CMO Series 2022-R01 Class 1B2 |
| 30-day Average SOFR + 6.000% <br>12/25/2041<br>| &nbsp;&nbsp; 9.667% | 550000 | &nbsp;&nbsp; 568469 |
| Countrywide Asset-Backed Certificates<sup>(b)</sup>  | Countrywide Asset-Backed Certificates<sup>(b)</sup>  | Countrywide Asset-Backed Certificates<sup>(b)</sup>  | Countrywide Asset-Backed Certificates<sup>(b)</sup>  |
| CMO Series 2007-13 Class 2A1 | CMO Series 2007-13 Class 2A1 | CMO Series 2007-13 Class 2A1 | CMO Series 2007-13 Class 2A1 |
| 1-month Term SOFR + 1.014% <br>Floor 0.900% <br>10/25/2047<br>| &nbsp;&nbsp; 4.688% | 109608 | &nbsp;&nbsp; 102015 |
| CMO Series 2007-13 Class 2A2 | CMO Series 2007-13 Class 2A2 | CMO Series 2007-13 Class 2A2 | CMO Series 2007-13 Class 2A2 |
| 1-month Term SOFR + 0.914% <br>Floor 0.800% <br>10/25/2047<br>| &nbsp;&nbsp; 4.588% | 288302 | &nbsp;&nbsp; 269779 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Credit Suisse Mortgage Trust<sup>(a),(h)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(h)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(h)</sup>  | Credit Suisse Mortgage Trust<sup>(a),(h)</sup>  |
| CMO Series 2019-NQM1 Class A1 | CMO Series 2019-NQM1 Class A1 | CMO Series 2019-NQM1 Class A1 | CMO Series 2019-NQM1 Class A1 |
| 10/25/2059 | &nbsp;&nbsp; 3.656% | 3493 | &nbsp;&nbsp; 3472 |
| Cross Mortgage Trust<sup>(a),(c)</sup>  | Cross Mortgage Trust<sup>(a),(c)</sup>  | Cross Mortgage Trust<sup>(a),(c)</sup>  | Cross Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 | CMO Series 2026-NQM1 Class A1 |
| 02/25/2061 | &nbsp;&nbsp; 4.699% | 298762 | &nbsp;&nbsp; 298396 |
| CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  | CSMC Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 | CMO Series 2021-RPL4 Class A1 |
| 12/27/2060 | &nbsp;&nbsp; 5.796% | 964685 | &nbsp;&nbsp; 963913 |
| CWABS Asset-Backed Certificates Trust<sup>(b)</sup>  | CWABS Asset-Backed Certificates Trust<sup>(b)</sup>  | CWABS Asset-Backed Certificates Trust<sup>(b)</sup>  | CWABS Asset-Backed Certificates Trust<sup>(b)</sup>  |
| CMO Series 2004-10 Class MV4 | CMO Series 2004-10 Class MV4 | CMO Series 2004-10 Class MV4 | CMO Series 2004-10 Class MV4 |
| 1-month Term SOFR + 1.689% <br>Floor 1.575% <br>12/25/2034<br>| &nbsp;&nbsp; 5.363% | 640685 | &nbsp;&nbsp; 612211 |
| Ellington Financial Mortgage Trust<sup>(a),(c)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(c)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(c)</sup>  | Ellington Financial Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-INV2 Class B1 | CMO Series 2025-INV2 Class B1 | CMO Series 2025-INV2 Class B1 | CMO Series 2025-INV2 Class B1 |
| 05/26/2070 | &nbsp;&nbsp; 7.470% | 500000 | &nbsp;&nbsp; 511434 |
| CMO Series 2025-NQM3 Class M1B | CMO Series 2025-NQM3 Class M1B | CMO Series 2025-NQM3 Class M1B | CMO Series 2025-NQM3 Class M1B |
| 08/25/2070 | &nbsp;&nbsp; 6.451% | 520000 | &nbsp;&nbsp; 525761 |
| Fannie Mae Connecticut Avenue Securities<sup>(a),(b)</sup>  | Fannie Mae Connecticut Avenue Securities<sup>(a),(b)</sup>  | Fannie Mae Connecticut Avenue Securities<sup>(a),(b)</sup>  | Fannie Mae Connecticut Avenue Securities<sup>(a),(b)</sup>  |
| Subordinated CMO Series 2021-R02 Class 2B2 | Subordinated CMO Series 2021-R02 Class 2B2 | Subordinated CMO Series 2021-R02 Class 2B2 | Subordinated CMO Series 2021-R02 Class 2B2 |
| 30-day Average SOFR + 6.200% <br>11/25/2041<br>| &nbsp;&nbsp; 9.867% | 80000 | &nbsp;&nbsp; 82580 |
| Federal Home Loan Mortgage Corp.<sup>(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(f)</sup>  | Federal Home Loan Mortgage Corp.<sup>(f)</sup>  |
| CMO Series 2023-400 Class C9 | CMO Series 2023-400 Class C9 | CMO Series 2023-400 Class C9 | CMO Series 2023-400 Class C9 |
| 03/25/2052 | &nbsp;&nbsp; 2.000% | 447978 | &nbsp;&nbsp; 59466 |
| FIGRE Trust<sup>(a),(h)</sup>  | FIGRE Trust<sup>(a),(h)</sup>  | FIGRE Trust<sup>(a),(h)</sup>  | FIGRE Trust<sup>(a),(h)</sup>  |
| CMO Series 2025-FL2 Class A3 | CMO Series 2025-FL2 Class A3 | CMO Series 2025-FL2 Class A3 | CMO Series 2025-FL2 Class A3 |
| 11/25/2055 | &nbsp;&nbsp; 5.558% | 513013 | &nbsp;&nbsp; 516805 |
| FIGRE Trust<sup>(a),(c)</sup>  | FIGRE Trust<sup>(a),(c)</sup>  | FIGRE Trust<sup>(a),(c)</sup>  | FIGRE Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-HE5 Class C | CMO Series 2025-HE5 Class C | CMO Series 2025-HE5 Class C | CMO Series 2025-HE5 Class C |
| 08/25/2055 | &nbsp;&nbsp; 5.686% | 884785 | &nbsp;&nbsp; 899203 |
| CMO Series 2025-HE7 Class C | CMO Series 2025-HE7 Class C | CMO Series 2025-HE7 Class C | CMO Series 2025-HE7 Class C |
| 11/25/2055 | &nbsp;&nbsp; 5.350% | 706478 | &nbsp;&nbsp; 707662 |
| CMO Series 2025-HE8 Class C | CMO Series 2025-HE8 Class C | CMO Series 2025-HE8 Class C | CMO Series 2025-HE8 Class C |
| 11/25/2055 | &nbsp;&nbsp; 5.456% | 712829 | &nbsp;&nbsp; 715507 |
| First Franklin Mortgage Loan Trust<sup>(b)</sup>  | First Franklin Mortgage Loan Trust<sup>(b)</sup>  | First Franklin Mortgage Loan Trust<sup>(b)</sup>  | First Franklin Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-FF9 Class 2A4 | CMO Series 2006-FF9 Class 2A4 | CMO Series 2006-FF9 Class 2A4 | CMO Series 2006-FF9 Class 2A4 |
| 1-month Term SOFR + 0.614% <br>Floor 0.500% <br>06/25/2036<br>| &nbsp;&nbsp; 4.288% | 1200000 | &nbsp;&nbsp; 1139058 |
| First NLC Trust<sup>(b)</sup>  | First NLC Trust<sup>(b)</sup>  | First NLC Trust<sup>(b)</sup>  | First NLC Trust<sup>(b)</sup>  |
| CMO Series 2005-4 Class A4 | CMO Series 2005-4 Class A4 | CMO Series 2005-4 Class A4 | CMO Series 2005-4 Class A4 |
| 1-month Term SOFR + 0.894% <br>Floor 0.780%, Cap 14.000% <br>02/25/2036<br>| &nbsp;&nbsp; 4.568% | 119910 | &nbsp;&nbsp; 118766 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Firstmac Mortgage Funding Trust No. 4<sup>(b)</sup>  | Firstmac Mortgage Funding Trust No. 4<sup>(b)</sup>  | Firstmac Mortgage Funding Trust No. 4<sup>(b)</sup>  | Firstmac Mortgage Funding Trust No. 4<sup>(b)</sup>  | Firstmac Mortgage Funding Trust No. 4<sup>(b)</sup>  |
| CMO Series 2024-4 Class A1 | CMO Series 2024-4 Class A1 | CMO Series 2024-4 Class A1 | CMO Series 2024-4 Class A1 | CMO Series 2024-4 Class A1 |
| 1-month Bank Buying Rate + <br> 1.080% <br>02/18/2056<br>| &nbsp;&nbsp; 4.870% | AUD | 340396 | &nbsp;&nbsp; 243033 |
| Flagstar Mortgage Trust<sup>(a),(c)</sup>  | Flagstar Mortgage Trust<sup>(a),(c)</sup>  | Flagstar Mortgage Trust<sup>(a),(c)</sup>  | Flagstar Mortgage Trust<sup>(a),(c)</sup>  | Flagstar Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-5INV Class A5 | CMO Series 2021-5INV Class A5 | CMO Series 2021-5INV Class A5 | CMO Series 2021-5INV Class A5 | CMO Series 2021-5INV Class A5 |
| 07/25/2051 | &nbsp;&nbsp; 2.500% |  | 884028 | &nbsp;&nbsp; 812036 |
| Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  | Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  | Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  | Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  | Freddie Mac STACR Remic Trust<sup>(a),(b)</sup>  |
| CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 | CMO Series 2025-HQA1 Class M2 |
| 30-day Average SOFR + 1.650% <br>02/25/2045<br>| &nbsp;&nbsp; 5.317% |  | 260000 | &nbsp;&nbsp; 260958 |
| Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  |
| CMO Series 2022-DNA3 Class M1A | CMO Series 2022-DNA3 Class M1A | CMO Series 2022-DNA3 Class M1A | CMO Series 2022-DNA3 Class M1A | CMO Series 2022-DNA3 Class M1A |
| 30-day Average SOFR + 2.000% <br>04/25/2042<br>| &nbsp;&nbsp; 5.667% |  | 49770 | &nbsp;&nbsp; 50220 |
| CMO Series 2022-DNA4 Class M1B | CMO Series 2022-DNA4 Class M1B | CMO Series 2022-DNA4 Class M1B | CMO Series 2022-DNA4 Class M1B | CMO Series 2022-DNA4 Class M1B |
| 30-day Average SOFR + 3.350% <br>05/25/2042<br>| &nbsp;&nbsp; 7.017% |  | 285000 | &nbsp;&nbsp; 292952 |
| CMO Series 2022-DNA7 Class M1A | CMO Series 2022-DNA7 Class M1A | CMO Series 2022-DNA7 Class M1A | CMO Series 2022-DNA7 Class M1A | CMO Series 2022-DNA7 Class M1A |
| 30-day Average SOFR + 2.500% <br>03/25/2052<br>| &nbsp;&nbsp; 6.167% |  | 33141 | &nbsp;&nbsp; 33415 |
| CMO Series 2022-HQA3 Class M1B | CMO Series 2022-HQA3 Class M1B | CMO Series 2022-HQA3 Class M1B | CMO Series 2022-HQA3 Class M1B | CMO Series 2022-HQA3 Class M1B |
| 30-day Average SOFR + 3.550% <br>08/25/2042<br>| &nbsp;&nbsp; 7.217% |  | 255000 | &nbsp;&nbsp; 264645 |
| CMO Series 2024-HQA1 Class M2 | CMO Series 2024-HQA1 Class M2 | CMO Series 2024-HQA1 Class M2 | CMO Series 2024-HQA1 Class M2 | CMO Series 2024-HQA1 Class M2 |
| 30-day Average SOFR + 2.000% <br>03/25/2044<br>| &nbsp;&nbsp; 5.667% |  | 670000 | &nbsp;&nbsp; 677917 |
| CMO Series 2025-DNA4 Class M2 | CMO Series 2025-DNA4 Class M2 | CMO Series 2025-DNA4 Class M2 | CMO Series 2025-DNA4 Class M2 | CMO Series 2025-DNA4 Class M2 |
| 30-day Average SOFR + 1.550% <br>10/25/2045<br>| &nbsp;&nbsp; 5.217% |  | 195000 | &nbsp;&nbsp; 195656 |
| Subordinated CMO Series 2021-DNA6 Class B2 | Subordinated CMO Series 2021-DNA6 Class B2 | Subordinated CMO Series 2021-DNA6 Class B2 | Subordinated CMO Series 2021-DNA6 Class B2 | Subordinated CMO Series 2021-DNA6 Class B2 |
| 30-day Average SOFR + 7.500% <br>10/25/2041<br>| &nbsp;&nbsp; 11.167% |  | 520000 | &nbsp;&nbsp; 539647 |
| Subordinated CMO Series 2021-HQA3 Class B2 | Subordinated CMO Series 2021-HQA3 Class B2 | Subordinated CMO Series 2021-HQA3 Class B2 | Subordinated CMO Series 2021-HQA3 Class B2 | Subordinated CMO Series 2021-HQA3 Class B2 |
| 30-day Average SOFR + 6.250% <br>09/25/2041<br>| &nbsp;&nbsp; 9.917% |  | 425000 | &nbsp;&nbsp; 435461 |
| Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A | Subordinated CMO Series 2022-DNA6 Class M1A |
| 30-day Average SOFR + 2.150% <br>09/25/2042<br>| &nbsp;&nbsp; 5.817% |  | 81721 | &nbsp;&nbsp; 82103 |
| Fremont Home Loan Trust<sup>(b)</sup>  | Fremont Home Loan Trust<sup>(b)</sup>  | Fremont Home Loan Trust<sup>(b)</sup>  | Fremont Home Loan Trust<sup>(b)</sup>  | Fremont Home Loan Trust<sup>(b)</sup>  |
| CMO Series 2005-D Class M1 | CMO Series 2005-D Class M1 | CMO Series 2005-D Class M1 | CMO Series 2005-D Class M1 | CMO Series 2005-D Class M1 |
| 1-month Term SOFR + 0.729% <br>Floor 0.615% <br>11/25/2035<br>| &nbsp;&nbsp; 4.403% |  | 597825 | &nbsp;&nbsp; 562384 |
| GCAT Trust<sup>(a),(c)</sup>  | GCAT Trust<sup>(a),(c)</sup>  | GCAT Trust<sup>(a),(c)</sup>  | GCAT Trust<sup>(a),(c)</sup>  | GCAT Trust<sup>(a),(c)</sup>  |
| CMO Series 2019-RPL1 Class B2 | CMO Series 2019-RPL1 Class B2 | CMO Series 2019-RPL1 Class B2 | CMO Series 2019-RPL1 Class B2 | CMO Series 2019-RPL1 Class B2 |
| 10/25/2068 | &nbsp;&nbsp; 3.750% |  | 700000 | &nbsp;&nbsp; 626019 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| GE-WMC Asset-Backed Pass-Through Certificates<sup>(b)</sup>  | GE-WMC Asset-Backed Pass-Through Certificates<sup>(b)</sup>  | GE-WMC Asset-Backed Pass-Through Certificates<sup>(b)</sup>  | GE-WMC Asset-Backed Pass-Through Certificates<sup>(b)</sup>  |
| CMO Series 2005-1 Class M1 | CMO Series 2005-1 Class M1 | CMO Series 2005-1 Class M1 | CMO Series 2005-1 Class M1 |
| 1-month Term SOFR + 0.774% <br>Floor 0.660% <br>10/25/2035<br>| &nbsp;&nbsp; 4.448% | 61808 | &nbsp;&nbsp; 61454 |
| GMACM Mortgage Loan Trust<sup>(c)</sup>  | GMACM Mortgage Loan Trust<sup>(c)</sup>  | GMACM Mortgage Loan Trust<sup>(c)</sup>  | GMACM Mortgage Loan Trust<sup>(c)</sup>  |
| CMO Series 2006-AR1 Class 1A1 | CMO Series 2006-AR1 Class 1A1 | CMO Series 2006-AR1 Class 1A1 | CMO Series 2006-AR1 Class 1A1 |
| 04/19/2036 | &nbsp;&nbsp; 3.636% | 349777 | &nbsp;&nbsp; 289628 |
| GS Mortgage-Backed Securities Corp. Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Corp. Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-PJ4 Class A4 | CMO Series 2021-PJ4 Class A4 | CMO Series 2021-PJ4 Class A4 | CMO Series 2021-PJ4 Class A4 |
| 09/25/2051 | &nbsp;&nbsp; 2.500% | 550294 | &nbsp;&nbsp; 468395 |
| GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  | GS Mortgage-Backed Securities Trust<sup>(a),(c)</sup>  |
| CMO Series 2020-RPL1 Class M2 | CMO Series 2020-RPL1 Class M2 | CMO Series 2020-RPL1 Class M2 | CMO Series 2020-RPL1 Class M2 |
| 07/25/2059 | &nbsp;&nbsp; 3.758% | 800000 | &nbsp;&nbsp; 722710 |
| GSAMP Trust<sup>(b)</sup>  | GSAMP Trust<sup>(b)</sup>  | GSAMP Trust<sup>(b)</sup>  | GSAMP Trust<sup>(b)</sup>  |
| CMO Series 2005-WMC3 Class A2C | CMO Series 2005-WMC3 Class A2C | CMO Series 2005-WMC3 Class A2C | CMO Series 2005-WMC3 Class A2C |
| 1-month Term SOFR + 0.774% <br>Floor 0.660% <br>12/25/2035<br>| &nbsp;&nbsp; 4.448% | 358407 | &nbsp;&nbsp; 353487 |
| CMO Series 2007-FM2 Class A1 | CMO Series 2007-FM2 Class A1 | CMO Series 2007-FM2 Class A1 | CMO Series 2007-FM2 Class A1 |
| 1-month Term SOFR + 0.254% <br>Floor 0.140% <br>01/25/2037<br>| &nbsp;&nbsp; 3.927% | 663334 | &nbsp;&nbsp; 414806 |
| HarborView Mortgage Loan Trust<sup>(b)</sup>  | HarborView Mortgage Loan Trust<sup>(b)</sup>  | HarborView Mortgage Loan Trust<sup>(b)</sup>  | HarborView Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2007-6 Class 1A1A | CMO Series 2007-6 Class 1A1A | CMO Series 2007-6 Class 1A1A | CMO Series 2007-6 Class 1A1A |
| 1-month Term SOFR + 0.314% <br>Floor 0.200%, Cap 10.500% <br>08/19/2037<br>| &nbsp;&nbsp; 3.990% | 384671 | &nbsp;&nbsp; 338480 |
| Home Equity Asset Trust<sup>(b)</sup>  | Home Equity Asset Trust<sup>(b)</sup>  | Home Equity Asset Trust<sup>(b)</sup>  | Home Equity Asset Trust<sup>(b)</sup>  |
| Series 2005-2 Class M6 | Series 2005-2 Class M6 | Series 2005-2 Class M6 | Series 2005-2 Class M6 |
| 1-month Term SOFR + 1.314% <br>Floor 1.200% <br>07/25/2035<br>| &nbsp;&nbsp; 4.988% | 434860 | &nbsp;&nbsp; 435270 |
| HomeBanc Mortgage Trust<sup>(b)</sup>  | HomeBanc Mortgage Trust<sup>(b)</sup>  | HomeBanc Mortgage Trust<sup>(b)</sup>  | HomeBanc Mortgage Trust<sup>(b)</sup>  |
| CMO Series 2005-3 Class M4 | CMO Series 2005-3 Class M4 | CMO Series 2005-3 Class M4 | CMO Series 2005-3 Class M4 |
| 1-month Term SOFR + 1.119% <br>Floor 1.005%, Cap 11.500% <br>07/25/2035<br>| &nbsp;&nbsp; 4.792% | 504005 | &nbsp;&nbsp; 508119 |
| HOMES Trust<sup>(a),(c)</sup>  | HOMES Trust<sup>(a),(c)</sup>  | HOMES Trust<sup>(a),(c)</sup>  | HOMES Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-AFC3 Class M1 | CMO Series 2025-AFC3 Class M1 | CMO Series 2025-AFC3 Class M1 | CMO Series 2025-AFC3 Class M1 |
| 08/25/2060 | &nbsp;&nbsp; 5.821% | 650000 | &nbsp;&nbsp; 655215 |
| Homeward Opportunities Fund Trust<sup>(a),(h)</sup>  | Homeward Opportunities Fund Trust<sup>(a),(h)</sup>  | Homeward Opportunities Fund Trust<sup>(a),(h)</sup>  | Homeward Opportunities Fund Trust<sup>(a),(h)</sup>  |
| CMO Series 2025-RRTL2 Class A2 | CMO Series 2025-RRTL2 Class A2 | CMO Series 2025-RRTL2 Class A2 | CMO Series 2025-RRTL2 Class A2 |
| 09/25/2040 | &nbsp;&nbsp; 5.658% | 360000 | &nbsp;&nbsp; 362025 |
| HSI Asset Securitization Corp. Trust<sup>(b)</sup>  | HSI Asset Securitization Corp. Trust<sup>(b)</sup>  | HSI Asset Securitization Corp. Trust<sup>(b)</sup>  | HSI Asset Securitization Corp. Trust<sup>(b)</sup>  |
| CMO Series 2005-I1 Class 2A4 | CMO Series 2005-I1 Class 2A4 | CMO Series 2005-I1 Class 2A4 | CMO Series 2005-I1 Class 2A4 |
| 1-month Term SOFR + 0.894% <br>Floor 0.780% <br>11/25/2035<br>| &nbsp;&nbsp; 4.568% | 318312 | &nbsp;&nbsp; 302737 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CMO Series 2006-HE2 Class 1A | CMO Series 2006-HE2 Class 1A | CMO Series 2006-HE2 Class 1A | CMO Series 2006-HE2 Class 1A |
| 1-month Term SOFR + 0.374% <br>Floor 0.260% <br>12/25/2036<br>| &nbsp;&nbsp; 4.048% | 1070011 | &nbsp;&nbsp; 400167 |
| Impac Secured Assets Trust<sup>(b)</sup>  | Impac Secured Assets Trust<sup>(b)</sup>  | Impac Secured Assets Trust<sup>(b)</sup>  | Impac Secured Assets Trust<sup>(b)</sup>  |
| CMO Series 2006-5 Class 1A1C | CMO Series 2006-5 Class 1A1C | CMO Series 2006-5 Class 1A1C | CMO Series 2006-5 Class 1A1C |
| 1-month Term SOFR + 0.654% <br>Floor 0.540%, Cap 11.500% <br>02/25/2037<br>| &nbsp;&nbsp; 4.328% | 405082 | &nbsp;&nbsp; 373991 |
| IndyMac INDX Mortgage Loan Trust<sup>(b)</sup>  | IndyMac INDX Mortgage Loan Trust<sup>(b)</sup>  | IndyMac INDX Mortgage Loan Trust<sup>(b)</sup>  | IndyMac INDX Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-AR2 Class 1A1A | CMO Series 2006-AR2 Class 1A1A | CMO Series 2006-AR2 Class 1A1A | CMO Series 2006-AR2 Class 1A1A |
| 1-month Term SOFR + 0.554% <br>Floor 0.440% <br>04/25/2046<br>| &nbsp;&nbsp; 4.228% | 566702 | &nbsp;&nbsp; 536042 |
| CMO Series 2006-AR2 Class 1A1B | CMO Series 2006-AR2 Class 1A1B | CMO Series 2006-AR2 Class 1A1B | CMO Series 2006-AR2 Class 1A1B |
| 1-month Term SOFR + 0.534% <br>Floor 0.420% <br>04/25/2046<br>| &nbsp;&nbsp; 4.208% | 522411 | &nbsp;&nbsp; 494013 |
| JPMorgan Alternative Loan Trust<sup>(b)</sup>  | JPMorgan Alternative Loan Trust<sup>(b)</sup>  | JPMorgan Alternative Loan Trust<sup>(b)</sup>  | JPMorgan Alternative Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-A1 Class 1A1 | CMO Series 2006-A1 Class 1A1 | CMO Series 2006-A1 Class 1A1 | CMO Series 2006-A1 Class 1A1 |
| 1-month Term SOFR + 0.574% <br>Floor 0.460%, Cap 11.500% <br>03/25/2036<br>| &nbsp;&nbsp; 4.248% | 168209 | &nbsp;&nbsp; 161604 |
| CMO Series 2007-S1 Class A2 | CMO Series 2007-S1 Class A2 | CMO Series 2007-S1 Class A2 | CMO Series 2007-S1 Class A2 |
| 1-month Term SOFR + 0.794% <br>Floor 0.680%, Cap 11.500% <br>04/25/2047<br>| &nbsp;&nbsp; 4.468% | 107913 | &nbsp;&nbsp; 104567 |
| JPMorgan Mortgage Acquisition Corp.<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Corp.<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Corp.<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Corp.<sup>(b)</sup>  |
| CMO Series 2005-OPT2 Class M5 | CMO Series 2005-OPT2 Class M5 | CMO Series 2005-OPT2 Class M5 | CMO Series 2005-OPT2 Class M5 |
| 1-month Term SOFR + 1.089% <br>Floor 0.975% <br>12/25/2035<br>| &nbsp;&nbsp; 4.763% | 900000 | &nbsp;&nbsp; 861747 |
| JPMorgan Mortgage Acquisition Trust<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Trust<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Trust<sup>(b)</sup>  | JPMorgan Mortgage Acquisition Trust<sup>(b)</sup>  |
| CMO Series 2006-FRE1 Class M1 | CMO Series 2006-FRE1 Class M1 | CMO Series 2006-FRE1 Class M1 | CMO Series 2006-FRE1 Class M1 |
| 1-month Term SOFR + 0.699% <br>Floor 0.585% <br>05/25/2035<br>| &nbsp;&nbsp; 4.373% | 52560 | &nbsp;&nbsp; 52291 |
| CMO Series 2007-HE1 Class AV4 | CMO Series 2007-HE1 Class AV4 | CMO Series 2007-HE1 Class AV4 | CMO Series 2007-HE1 Class AV4 |
| 1-month Term SOFR + 0.394% <br>Floor 0.280% <br>03/25/2047<br>| &nbsp;&nbsp; 4.068% | 976408 | &nbsp;&nbsp; 939737 |
| Series 2007-CH5 Class M1 | Series 2007-CH5 Class M1 | Series 2007-CH5 Class M1 | Series 2007-CH5 Class M1 |
| 1-month Term SOFR + 0.384% <br>Floor 0.270% <br>06/25/2037<br>| &nbsp;&nbsp; 4.058% | 284656 | &nbsp;&nbsp; 279862 |
| JPMorgan Mortgage Trust Series<sup>(a),(c)</sup>  | JPMorgan Mortgage Trust Series<sup>(a),(c)</sup>  | JPMorgan Mortgage Trust Series<sup>(a),(c)</sup>  | JPMorgan Mortgage Trust Series<sup>(a),(c)</sup>  |
| CMO Series 2025-CES1 Class A3 | CMO Series 2025-CES1 Class A3 | CMO Series 2025-CES1 Class A3 | CMO Series 2025-CES1 Class A3 |
| 05/25/2055 | &nbsp;&nbsp; 6.067% | 530000 | &nbsp;&nbsp; 539199 |
| Legacy Mortgage Asset Trust<sup>(a),(h)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(h)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(h)</sup>  | Legacy Mortgage Asset Trust<sup>(a),(h)</sup>  |
| CMO Series 2021-GS5 Class A1 | CMO Series 2021-GS5 Class A1 | CMO Series 2021-GS5 Class A1 | CMO Series 2021-GS5 Class A1 |
| 07/25/2067 | &nbsp;&nbsp; 2.250% | 725891 | &nbsp;&nbsp; 726654 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Lehman Mortgage Trust | Lehman Mortgage Trust | Lehman Mortgage Trust | Lehman Mortgage Trust |
| CMO Series 2006-1 Class 1A5 | CMO Series 2006-1 Class 1A5 | CMO Series 2006-1 Class 1A5 | CMO Series 2006-1 Class 1A5 |
| 02/25/2036 | &nbsp;&nbsp; 5.500% | 495515 | &nbsp;&nbsp; 230061 |
| Lehman XS Trust<sup>(b)</sup>  | Lehman XS Trust<sup>(b)</sup>  | Lehman XS Trust<sup>(b)</sup>  | Lehman XS Trust<sup>(b)</sup>  |
| CMO Series 2006-15 Class A4 | CMO Series 2006-15 Class A4 | CMO Series 2006-15 Class A4 | CMO Series 2006-15 Class A4 |
| 1-month Term SOFR + 0.454% <br>Floor 0.340% <br>10/25/2036<br>| &nbsp;&nbsp; 4.128% | 550185 | &nbsp;&nbsp; 509777 |
| CMO Series 2006-2N Class 2A1 | CMO Series 2006-2N Class 2A1 | CMO Series 2006-2N Class 2A1 | CMO Series 2006-2N Class 2A1 |
| 1-year MTA + 1.010% <br>Floor 1.010% <br>02/25/2036<br>| &nbsp;&nbsp; 5.878% | 378639 | &nbsp;&nbsp; 351027 |
| CMO Series 2007-16N Class 2A2 | CMO Series 2007-16N Class 2A2 | CMO Series 2007-16N Class 2A2 | CMO Series 2007-16N Class 2A2 |
| 1-month Term SOFR + 1.814% <br>Floor 1.700% <br>09/25/2047<br>| &nbsp;&nbsp; 5.488% | 408376 | &nbsp;&nbsp; 381233 |
| Series 2006-19 Class A3 | Series 2006-19 Class A3 | Series 2006-19 Class A3 | Series 2006-19 Class A3 |
| 1-month Term SOFR + 0.614% <br>Floor 0.500% <br>12/25/2036<br>| &nbsp;&nbsp; 4.288% | 503616 | &nbsp;&nbsp; 485774 |
| Long Beach Mortgage Loan Trust<sup>(b)</sup>  | Long Beach Mortgage Loan Trust<sup>(b)</sup>  | Long Beach Mortgage Loan Trust<sup>(b)</sup>  | Long Beach Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-10 Class 2A3 | CMO Series 2006-10 Class 2A3 | CMO Series 2006-10 Class 2A3 | CMO Series 2006-10 Class 2A3 |
| 1-month Term SOFR + 0.434% <br>Floor 0.320% <br>11/25/2036<br>| &nbsp;&nbsp; 4.108% | 1717752 | &nbsp;&nbsp; 513129 |
| CMO Series 2006-4 Class 1A | CMO Series 2006-4 Class 1A | CMO Series 2006-4 Class 1A | CMO Series 2006-4 Class 1A |
| 1-month Term SOFR + 0.414% <br>Floor 0.300% <br>05/25/2036<br>| &nbsp;&nbsp; 4.088% | 889901 | &nbsp;&nbsp; 470797 |
| Mastr Asset Backed Securities Trust<sup>(b)</sup>  | Mastr Asset Backed Securities Trust<sup>(b)</sup>  | Mastr Asset Backed Securities Trust<sup>(b)</sup>  | Mastr Asset Backed Securities Trust<sup>(b)</sup>  |
| CMO Series 2005-WF1 Class M6 | CMO Series 2005-WF1 Class M6 | CMO Series 2005-WF1 Class M6 | CMO Series 2005-WF1 Class M6 |
| 1-month Term SOFR + 1.104% <br>Floor 0.990% <br>06/25/2035<br>| &nbsp;&nbsp; 4.778% | 462364 | &nbsp;&nbsp; 462205 |
| MFA Trust<sup>(a),(c)</sup>  | MFA Trust<sup>(a),(c)</sup>  | MFA Trust<sup>(a),(c)</sup>  | MFA Trust<sup>(a),(c)</sup>  |
| Subordinated CMO Series 2023-INV2 Class B1 | Subordinated CMO Series 2023-INV2 Class B1 | Subordinated CMO Series 2023-INV2 Class B1 | Subordinated CMO Series 2023-INV2 Class B1 |
| 10/25/2058 | &nbsp;&nbsp; 7.959% | 650000 | &nbsp;&nbsp; 654476 |
| Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  | Mill City Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2019-GS1 Class B2 | CMO Series 2019-GS1 Class B2 | CMO Series 2019-GS1 Class B2 | CMO Series 2019-GS1 Class B2 |
| 07/25/2059 | &nbsp;&nbsp; 3.250% | 800000 | &nbsp;&nbsp; 688319 |
| Morgan Stanley ABS Capital I, Inc. Trust<sup>(b)</sup>  | Morgan Stanley ABS Capital I, Inc. Trust<sup>(b)</sup>  | Morgan Stanley ABS Capital I, Inc. Trust<sup>(b)</sup>  | Morgan Stanley ABS Capital I, Inc. Trust<sup>(b)</sup>  |
| CMO Series 2005-WMC1 Class M3 | CMO Series 2005-WMC1 Class M3 | CMO Series 2005-WMC1 Class M3 | CMO Series 2005-WMC1 Class M3 |
| 1-month Term SOFR + 0.894% <br>Floor 0.780% <br>01/25/2035<br>| &nbsp;&nbsp; 4.568% | 138229 | &nbsp;&nbsp; 141873 |
| CMO Series 2007-HE2 Class A2B | CMO Series 2007-HE2 Class A2B | CMO Series 2007-HE2 Class A2B | CMO Series 2007-HE2 Class A2B |
| 1-month Term SOFR + 0.204% <br>Floor 0.090% <br>01/25/2037<br>| &nbsp;&nbsp; 3.968% | 1087009 | &nbsp;&nbsp; 502796 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| CMO Series 2007-NC3 Class A2D | CMO Series 2007-NC3 Class A2D | CMO Series 2007-NC3 Class A2D | CMO Series 2007-NC3 Class A2D | CMO Series 2007-NC3 Class A2D |
| 1-month Term SOFR + 0.374% <br>Floor 0.260% <br>05/25/2037<br>| &nbsp;&nbsp; 4.047% |  | 552928 | &nbsp;&nbsp; 424627 |
| Morgan Stanley Mortgage Loan Trust<sup>(b)</sup>  | Morgan Stanley Mortgage Loan Trust<sup>(b)</sup>  | Morgan Stanley Mortgage Loan Trust<sup>(b)</sup>  | Morgan Stanley Mortgage Loan Trust<sup>(b)</sup>  | Morgan Stanley Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2005-5AR Class 1M6 | CMO Series 2005-5AR Class 1M6 | CMO Series 2005-5AR Class 1M6 | CMO Series 2005-5AR Class 1M6 | CMO Series 2005-5AR Class 1M6 |
| 1-month Term SOFR + 1.239% <br>Floor 1.125% <br>09/25/2035<br>| &nbsp;&nbsp; 4.913% |  | 500000 | &nbsp;&nbsp; 502327 |
| Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(c)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(c)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(c)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(c)</sup>  | Morgan Stanley Residential Mortgage Loan Trust<sup>(a),(c)</sup>  |
| CMO Series 2026-NQM2 Class A1 | CMO Series 2026-NQM2 Class A1 | CMO Series 2026-NQM2 Class A1 | CMO Series 2026-NQM2 Class A1 | CMO Series 2026-NQM2 Class A1 |
| 01/26/2071 | &nbsp;&nbsp; 4.734% |  | 280000 | &nbsp;&nbsp; 280172 |
| CMO Subordinated Series 2025-DSC1 Class B1 | CMO Subordinated Series 2025-DSC1 Class B1 | CMO Subordinated Series 2025-DSC1 Class B1 | CMO Subordinated Series 2025-DSC1 Class B1 | CMO Subordinated Series 2025-DSC1 Class B1 |
| 03/25/2070 | &nbsp;&nbsp; 7.010% |  | 260000 | &nbsp;&nbsp; 264126 |
| Mortgage House RMBS Prime Series<sup>(b)</sup>  | Mortgage House RMBS Prime Series<sup>(b)</sup>  | Mortgage House RMBS Prime Series<sup>(b)</sup>  | Mortgage House RMBS Prime Series<sup>(b)</sup>  | Mortgage House RMBS Prime Series<sup>(b)</sup>  |
| CMO Series 2024-2 Class A1L | CMO Series 2024-2 Class A1L | CMO Series 2024-2 Class A1L | CMO Series 2024-2 Class A1L | CMO Series 2024-2 Class A1L |
| 1-month Bank Buying Rate + <br> 0.000% <br>05/13/2057<br>| &nbsp;&nbsp; 4.890% | AUD | 222838 | &nbsp;&nbsp; 159108 |
| NMLT Trust<sup>(a),(c)</sup>  | NMLT Trust<sup>(a),(c)</sup>  | NMLT Trust<sup>(a),(c)</sup>  | NMLT Trust<sup>(a),(c)</sup>  | NMLT Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 | CMO Series 2021-INV1 Class A1 |
| 05/25/2056 | &nbsp;&nbsp; 1.185% |  | 697346 | &nbsp;&nbsp; 623955 |
| OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  | OBX Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-NQM2 Class A1 | CMO Series 2021-NQM2 Class A1 | CMO Series 2021-NQM2 Class A1 | CMO Series 2021-NQM2 Class A1 | CMO Series 2021-NQM2 Class A1 |
| 05/25/2061 | &nbsp;&nbsp; 1.101% |  | 940496 | &nbsp;&nbsp; 790581 |
| CMO Series 2021-NQM3 Class A1 | CMO Series 2021-NQM3 Class A1 | CMO Series 2021-NQM3 Class A1 | CMO Series 2021-NQM3 Class A1 | CMO Series 2021-NQM3 Class A1 |
| 07/25/2061 | &nbsp;&nbsp; 1.054% |  | 977726 | &nbsp;&nbsp; 836473 |
| Option One Mortgage Loan Trust<sup>(b)</sup>  | Option One Mortgage Loan Trust<sup>(b)</sup>  | Option One Mortgage Loan Trust<sup>(b)</sup>  | Option One Mortgage Loan Trust<sup>(b)</sup>  | Option One Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2007-5 Class 2A2 | CMO Series 2007-5 Class 2A2 | CMO Series 2007-5 Class 2A2 | CMO Series 2007-5 Class 2A2 | CMO Series 2007-5 Class 2A2 |
| 1-month Term SOFR + 0.284% <br>Floor 0.170% <br>05/25/2037<br>| &nbsp;&nbsp; 3.405% |  | 744545 | &nbsp;&nbsp; 404996 |
| CMO Series 2007-5 Class 2A3 | CMO Series 2007-5 Class 2A3 | CMO Series 2007-5 Class 2A3 | CMO Series 2007-5 Class 2A3 | CMO Series 2007-5 Class 2A3 |
| 1-month Term SOFR + 0.344% <br>Floor 0.230% <br>05/25/2037<br>| &nbsp;&nbsp; 3.405% |  | 1355514 | &nbsp;&nbsp; 746769 |
| Series 2006-3 Class 1A1 | Series 2006-3 Class 1A1 | Series 2006-3 Class 1A1 | Series 2006-3 Class 1A1 | Series 2006-3 Class 1A1 |
| 1-month Term SOFR + 0.254% <br>Floor 0.140% <br>02/25/2037<br>| &nbsp;&nbsp; 4.068% |  | 796493 | &nbsp;&nbsp; 530972 |
| Polaris PLC<sup>(a),(b)</sup>  | Polaris PLC<sup>(a),(b)</sup>  | Polaris PLC<sup>(a),(b)</sup>  | Polaris PLC<sup>(a),(b)</sup>  | Polaris PLC<sup>(a),(b)</sup>  |
| CMO Series 2026-1 Class F | CMO Series 2026-1 Class F | CMO Series 2026-1 Class F | CMO Series 2026-1 Class F | CMO Series 2026-1 Class F |
| SONIA + 3.830% <br>06/27/2070<br>| &nbsp;&nbsp; 7.559% | GBP | 150000 | &nbsp;&nbsp; 197677 |
| PRKCM Trust<sup>(a),(c)</sup>  | PRKCM Trust<sup>(a),(c)</sup>  | PRKCM Trust<sup>(a),(c)</sup>  | PRKCM Trust<sup>(a),(c)</sup>  | PRKCM Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-AFC2 Class A1 | CMO Series 2021-AFC2 Class A1 | CMO Series 2021-AFC2 Class A1 | CMO Series 2021-AFC2 Class A1 | CMO Series 2021-AFC2 Class A1 |
| 11/25/2056 | &nbsp;&nbsp; 2.071% |  | 871099 | &nbsp;&nbsp; 786158 |
| Subordinated CMO Series 2023-AFC1 Class B1 | Subordinated CMO Series 2023-AFC1 Class B1 | Subordinated CMO Series 2023-AFC1 Class B1 | Subordinated CMO Series 2023-AFC1 Class B1 | Subordinated CMO Series 2023-AFC1 Class B1 |
| 02/25/2058 | &nbsp;&nbsp; 7.381% |  | 547000 | &nbsp;&nbsp; 545590 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| PRPM LLC<sup>(a),(c)</sup>  | PRPM LLC<sup>(a),(c)</sup>  | PRPM LLC<sup>(a),(c)</sup>  | PRPM LLC<sup>(a),(c)</sup>  |
| CMO Series 2024-RPL1 Class A3 | CMO Series 2024-RPL1 Class A3 | CMO Series 2024-RPL1 Class A3 | CMO Series 2024-RPL1 Class A3 |
| 12/25/2064 | &nbsp;&nbsp; 4.348% | 700000 | &nbsp;&nbsp; 685516 |
| PRPM LLC<sup>(a),(h)</sup>  | PRPM LLC<sup>(a),(h)</sup>  | PRPM LLC<sup>(a),(h)</sup>  | PRPM LLC<sup>(a),(h)</sup>  |
| CMO Series 2025-RCF3 Class A3 | CMO Series 2025-RCF3 Class A3 | CMO Series 2025-RCF3 Class A3 | CMO Series 2025-RCF3 Class A3 |
| 07/25/2055 | &nbsp;&nbsp; 5.250% | 570000 | &nbsp;&nbsp; 573911 |
| RALI Series Trust<sup>(b)</sup>  | RALI Series Trust<sup>(b)</sup>  | RALI Series Trust<sup>(b)</sup>  | RALI Series Trust<sup>(b)</sup>  |
| CMO Series 2006-QA6 Class A3 | CMO Series 2006-QA6 Class A3 | CMO Series 2006-QA6 Class A3 | CMO Series 2006-QA6 Class A3 |
| 1-month Term SOFR + 0.494% <br>Floor 0.380% <br>07/25/2036<br>| &nbsp;&nbsp; 4.168% | 229244 | &nbsp;&nbsp; 216030 |
| CMO Series 2007-QH6 Class A1 | CMO Series 2007-QH6 Class A1 | CMO Series 2007-QH6 Class A1 | CMO Series 2007-QH6 Class A1 |
| 1-month Term SOFR + 0.494% <br>Floor 0.380% <br>07/25/2037<br>| &nbsp;&nbsp; 4.168% | 222716 | &nbsp;&nbsp; 210192 |
| RALI Trust<sup>(b)</sup>  | RALI Trust<sup>(b)</sup>  | RALI Trust<sup>(b)</sup>  | RALI Trust<sup>(b)</sup>  |
| CMO Series 2006-QO10 Class A1 | CMO Series 2006-QO10 Class A1 | CMO Series 2006-QO10 Class A1 | CMO Series 2006-QO10 Class A1 |
| 1-month Term SOFR + 0.434% <br>Floor 0.320% <br>01/25/2037<br>| &nbsp;&nbsp; 4.108% | 471820 | &nbsp;&nbsp; 434870 |
| Series 2007-QO1 Class A1 | Series 2007-QO1 Class A1 | Series 2007-QO1 Class A1 | Series 2007-QO1 Class A1 |
| 1-month Term SOFR + 0.414% <br>Floor 0.300% <br>02/25/2047<br>| &nbsp;&nbsp; 4.088% | 713031 | &nbsp;&nbsp; 668452 |
| RAMP Trust<sup>(b)</sup>  | RAMP Trust<sup>(b)</sup>  | RAMP Trust<sup>(b)</sup>  | RAMP Trust<sup>(b)</sup>  |
| CMO Series 2006-RZ2 Class M1 | CMO Series 2006-RZ2 Class M1 | CMO Series 2006-RZ2 Class M1 | CMO Series 2006-RZ2 Class M1 |
| 1-month Term SOFR + 0.609% <br>Floor 0.495%, Cap 14.000% <br>05/25/2036<br>| &nbsp;&nbsp; 4.283% | 261763 | &nbsp;&nbsp; 260393 |
| RASC Trust<sup>(b)</sup>  | RASC Trust<sup>(b)</sup>  | RASC Trust<sup>(b)</sup>  | RASC Trust<sup>(b)</sup>  |
| Series 2007-KS1 Class A4 | Series 2007-KS1 Class A4 | Series 2007-KS1 Class A4 | Series 2007-KS1 Class A4 |
| 1-month Term SOFR + 0.554% <br>Floor 0.440%, Cap 14.000% <br>01/25/2037<br>| &nbsp;&nbsp; 4.228% | 866852 | &nbsp;&nbsp; 854405 |
| Rckt Mortgage Trust<sup>(a),(c)</sup>  | Rckt Mortgage Trust<sup>(a),(c)</sup>  | Rckt Mortgage Trust<sup>(a),(c)</sup>  | Rckt Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2025-CES4 Class B1 | CMO Series 2025-CES4 Class B1 | CMO Series 2025-CES4 Class B1 | CMO Series 2025-CES4 Class B1 |
| 04/25/2055 | &nbsp;&nbsp; 6.927% | 400000 | &nbsp;&nbsp; 405575 |
| RCKT Mortgage Trust<sup>(a)</sup>  | RCKT Mortgage Trust<sup>(a)</sup>  | RCKT Mortgage Trust<sup>(a)</sup>  | RCKT Mortgage Trust<sup>(a)</sup>  |
| CMO Series 2024-CES3 Class A2 | CMO Series 2024-CES3 Class A2 | CMO Series 2024-CES3 Class A2 | CMO Series 2024-CES3 Class A2 |
| 05/25/2044 | &nbsp;&nbsp; 6.682% | 570000 | &nbsp;&nbsp; 580299 |
| RCKT Mortgage Trust<sup>(a),(h)</sup>  | RCKT Mortgage Trust<sup>(a),(h)</sup>  | RCKT Mortgage Trust<sup>(a),(h)</sup>  | RCKT Mortgage Trust<sup>(a),(h)</sup>  |
| CMO Series 2024-CES8 Class A2 | CMO Series 2024-CES8 Class A2 | CMO Series 2024-CES8 Class A2 | CMO Series 2024-CES8 Class A2 |
| 11/25/2044 | &nbsp;&nbsp; 5.659% | 670000 | &nbsp;&nbsp; 676859 |
| RCKT Mortgage Trust<sup>(a),(c)</sup>  | RCKT Mortgage Trust<sup>(a),(c)</sup>  | RCKT Mortgage Trust<sup>(a),(c)</sup>  | RCKT Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2026-CES1 Class M1A | CMO Series 2026-CES1 Class M1A | CMO Series 2026-CES1 Class M1A | CMO Series 2026-CES1 Class M1A |
| 01/25/2056 | &nbsp;&nbsp; 5.623% | 420000 | &nbsp;&nbsp; 422985 |
| RFMSI Trust | RFMSI Trust | RFMSI Trust | RFMSI Trust |
| CMO Series 2006-S10 Class 1A1 | CMO Series 2006-S10 Class 1A1 | CMO Series 2006-S10 Class 1A1 | CMO Series 2006-S10 Class 1A1 |
| 10/25/2036 | &nbsp;&nbsp; 6.000% | 441061 | &nbsp;&nbsp; 364215 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Saxon Asset Securities Trust<sup>(b)</sup>  | Saxon Asset Securities Trust<sup>(b)</sup>  | Saxon Asset Securities Trust<sup>(b)</sup>  | Saxon Asset Securities Trust<sup>(b)</sup>  |
| Series 2007-2 Class A2D | Series 2007-2 Class A2D | Series 2007-2 Class A2D | Series 2007-2 Class A2D |
| 1-month Term SOFR + 0.414% <br>Floor 0.300% <br>05/25/2047<br>| &nbsp;&nbsp; 4.088% | 491983 | &nbsp;&nbsp; 367666 |
| SG Residential Mortgage Trust<sup>(a),(c)</sup>  | SG Residential Mortgage Trust<sup>(a),(c)</sup>  | SG Residential Mortgage Trust<sup>(a),(c)</sup>  | SG Residential Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2021-2 Class A1 | CMO Series 2021-2 Class A1 | CMO Series 2021-2 Class A1 | CMO Series 2021-2 Class A1 |
| 12/25/2061 | &nbsp;&nbsp; 1.737% | 715636 | &nbsp;&nbsp; 629320 |
| Soundview Home Loan Trust<sup>(b)</sup>  | Soundview Home Loan Trust<sup>(b)</sup>  | Soundview Home Loan Trust<sup>(b)</sup>  | Soundview Home Loan Trust<sup>(b)</sup>  |
| CMO Series 2006-OPT5 Class 1A1 | CMO Series 2006-OPT5 Class 1A1 | CMO Series 2006-OPT5 Class 1A1 | CMO Series 2006-OPT5 Class 1A1 |
| 1-month Term SOFR + 0.394% <br>Floor 0.280% <br>07/25/2036<br>| &nbsp;&nbsp; 4.068% | 133600 | &nbsp;&nbsp; 131083 |
| Structured Adjustable Rate Mortgage Loan Trust<sup>(b)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(b)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(b)</sup>  | Structured Adjustable Rate Mortgage Loan Trust<sup>(b)</sup>  |
| Series 2007-4 Class 1A2 | Series 2007-4 Class 1A2 | Series 2007-4 Class 1A2 | Series 2007-4 Class 1A2 |
| 1-month Term SOFR + 0.554% <br>Floor 0.440% <br>05/25/2037<br>| &nbsp;&nbsp; 4.228% | 614392 | &nbsp;&nbsp; 581822 |
| Structured Asset Investment Loan Trust<sup>(b)</sup>  | Structured Asset Investment Loan Trust<sup>(b)</sup>  | Structured Asset Investment Loan Trust<sup>(b)</sup>  | Structured Asset Investment Loan Trust<sup>(b)</sup>  |
| CMO Series 2004-6 Class A3 | CMO Series 2004-6 Class A3 | CMO Series 2004-6 Class A3 | CMO Series 2004-6 Class A3 |
| 1-month Term SOFR + 0.914% <br>Floor 0.800% <br>07/25/2034<br>| &nbsp;&nbsp; 4.588% | 217236 | &nbsp;&nbsp; 225287 |
| Structured Asset Mortgage Investments II Trust<sup>(b)</sup>  | Structured Asset Mortgage Investments II Trust<sup>(b)</sup>  | Structured Asset Mortgage Investments II Trust<sup>(b)</sup>  | Structured Asset Mortgage Investments II Trust<sup>(b)</sup>  |
| CMO Series 2006-AR7 Class A1A | CMO Series 2006-AR7 Class A1A | CMO Series 2006-AR7 Class A1A | CMO Series 2006-AR7 Class A1A |
| 1-month Term SOFR + 0.534% <br>Floor 0.420%, Cap 10.500% <br>08/25/2036<br>| &nbsp;&nbsp; 4.207% | 569079 | &nbsp;&nbsp; 483860 |
| CMO Series 2006-AR8 Class A1A | CMO Series 2006-AR8 Class A1A | CMO Series 2006-AR8 Class A1A | CMO Series 2006-AR8 Class A1A |
| 1-month Term SOFR + 0.514% <br>Floor 0.400%, Cap 10.500% <br>10/25/2036<br>| &nbsp;&nbsp; 4.188% | 230662 | &nbsp;&nbsp; 208368 |
| Structured Asset Securities Corp Mortgage Loan Trust<sup>(b)</sup>  | Structured Asset Securities Corp Mortgage Loan Trust<sup>(b)</sup>  | Structured Asset Securities Corp Mortgage Loan Trust<sup>(b)</sup>  | Structured Asset Securities Corp Mortgage Loan Trust<sup>(b)</sup>  |
| CMO Series 2005-2XS Class M1 | CMO Series 2005-2XS Class M1 | CMO Series 2005-2XS Class M1 | CMO Series 2005-2XS Class M1 |
| 1-month Term SOFR + 0.819% <br>Floor 0.705%, Cap 11.000% <br>02/25/2035<br>| &nbsp;&nbsp; 4.492% | 737004 | &nbsp;&nbsp; 709106 |
| Thornburg Mortgage Securities Trust<sup>(b)</sup>  | Thornburg Mortgage Securities Trust<sup>(b)</sup>  | Thornburg Mortgage Securities Trust<sup>(b)</sup>  | Thornburg Mortgage Securities Trust<sup>(b)</sup>  |
| CMO Series 2004-3 Class A | CMO Series 2004-3 Class A | CMO Series 2004-3 Class A | CMO Series 2004-3 Class A |
| 1-month Term SOFR + 0.854% <br>Floor 0.740%, Cap 11.000% <br>09/25/2034<br>| &nbsp;&nbsp; 4.528% | 238499 | &nbsp;&nbsp; 228164 |
| Towd Point Mortgage Trust<sup>(a),(c)</sup>  | Towd Point Mortgage Trust<sup>(a),(c)</sup>  | Towd Point Mortgage Trust<sup>(a),(c)</sup>  | Towd Point Mortgage Trust<sup>(a),(c)</sup>  |
| CMO Series 2017-4 Class A2 | CMO Series 2017-4 Class A2 | CMO Series 2017-4 Class A2 | CMO Series 2017-4 Class A2 |
| 06/25/2057 | &nbsp;&nbsp; 3.000% | 900000 | &nbsp;&nbsp; 868026 |
| CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 |
| 12/25/2058 | &nbsp;&nbsp; 3.750% | 275000 | &nbsp;&nbsp; 247397 |
| CMO Series 2024-CES6 Class M1 | CMO Series 2024-CES6 Class M1 | CMO Series 2024-CES6 Class M1 | CMO Series 2024-CES6 Class M1 |
| 11/25/2064 | &nbsp;&nbsp; 6.102% | 620000 | &nbsp;&nbsp; 629447 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Series 2018-2 Class M1 | Series 2018-2 Class M1 | Series 2018-2 Class M1 | Series 2018-2 Class M1 |
| 03/25/2058 | &nbsp;&nbsp; 3.500% | 900000 | &nbsp;&nbsp; 870989 |
| Subordinated CMO Series 2017-2 Class B1 | Subordinated CMO Series 2017-2 Class B1 | Subordinated CMO Series 2017-2 Class B1 | Subordinated CMO Series 2017-2 Class B1 |
| 04/25/2057 | &nbsp;&nbsp; 4.141% | 760000 | &nbsp;&nbsp; 747762 |
| Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  | Towd Point Mortgage Trust<sup>(a),(b)</sup>  |
| CMO Series 2019-HY3 Class M1 | CMO Series 2019-HY3 Class M1 | CMO Series 2019-HY3 Class M1 | CMO Series 2019-HY3 Class M1 |
| 1-month Term SOFR + 1.614% <br>Floor 1.500% <br>10/25/2059<br>| &nbsp;&nbsp; 5.288% | 650000 | &nbsp;&nbsp; 651169 |
| Verus Securitization Trust<sup>(a),(h)</sup>  | Verus Securitization Trust<sup>(a),(h)</sup>  | Verus Securitization Trust<sup>(a),(h)</sup>  | Verus Securitization Trust<sup>(a),(h)</sup>  |
| CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 | CMO Series 2022-1 Class A1 |
| 01/25/2067 | &nbsp;&nbsp; 2.724% | 118074 | &nbsp;&nbsp; 113888 |
| CMO Series 2023-4 Class A1 | CMO Series 2023-4 Class A1 | CMO Series 2023-4 Class A1 | CMO Series 2023-4 Class A1 |
| 05/25/2068 | &nbsp;&nbsp; 5.811% | 445441 | &nbsp;&nbsp; 444782 |
| CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 | CMO Series 2024-1 Class A1 |
| 01/25/2069 | &nbsp;&nbsp; 5.712% | 48213 | &nbsp;&nbsp; 48433 |
| Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  | Verus Securitization Trust<sup>(a),(c)</sup>  |
| Subordinated CMO Series 2023-2 Class B1 | Subordinated CMO Series 2023-2 Class B1 | Subordinated CMO Series 2023-2 Class B1 | Subordinated CMO Series 2023-2 Class B1 |
| 03/25/2068 | &nbsp;&nbsp; 7.372% | 550000 | &nbsp;&nbsp; 548361 |
| Subordinated CMO Series 2024-2 Class B1 | Subordinated CMO Series 2024-2 Class B1 | Subordinated CMO Series 2024-2 Class B1 | Subordinated CMO Series 2024-2 Class B1 |
| 02/25/2069 | &nbsp;&nbsp; 7.864% | 472000 | &nbsp;&nbsp; 478938 |
| WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  | WaMu Asset-Backed Certificates Trust<sup>(b)</sup>  |
| CMO Series 2007-HE1 Class 2A4 | CMO Series 2007-HE1 Class 2A4 | CMO Series 2007-HE1 Class 2A4 | CMO Series 2007-HE1 Class 2A4 |
| 1-month Term SOFR + 0.574% <br>Floor 0.460% <br>01/25/2037<br>| &nbsp;&nbsp; 4.248% | 997410 | &nbsp;&nbsp; 453215 |
| WaMu Mortgage Pass-Through Certificates<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates<sup>(b)</sup>  |
| CMO Series 2005-AR8 Class 2AC2 | CMO Series 2005-AR8 Class 2AC2 | CMO Series 2005-AR8 Class 2AC2 | CMO Series 2005-AR8 Class 2AC2 |
| 1-month Term SOFR + 1.034% <br>Floor 0.920%, Cap 10.500% <br>07/25/2045<br>| &nbsp;&nbsp; 4.708% | 260427 | &nbsp;&nbsp; 252090 |
| WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  | WaMu Mortgage Pass-Through Certificates Trust<sup>(b)</sup>  |
| CMO Series 2005-AR15 Class A1A1 | CMO Series 2005-AR15 Class A1A1 | CMO Series 2005-AR15 Class A1A1 | CMO Series 2005-AR15 Class A1A1 |
| 1-month Term SOFR + 0.634% <br>Floor 0.520%, Cap 10.500% <br>11/25/2045<br>| &nbsp;&nbsp; 4.308% | 783026 | &nbsp;&nbsp; 745860 |
| CMO Series 2007-OA4 Class 1A | CMO Series 2007-OA4 Class 1A | CMO Series 2007-OA4 Class 1A | CMO Series 2007-OA4 Class 1A |
| 1-year MTA + 0.770% <br>Floor 0.770% <br>05/25/2047<br>| &nbsp;&nbsp; 4.628% | 456249 | &nbsp;&nbsp; 395859 |
| Washington Mutual Mortgage Pass-Through Certificates WMALT Trust<sup>(b)</sup>  | Washington Mutual Mortgage Pass-Through Certificates WMALT Trust<sup>(b)</sup>  | Washington Mutual Mortgage Pass-Through Certificates WMALT Trust<sup>(b)</sup>  | Washington Mutual Mortgage Pass-Through Certificates WMALT Trust<sup>(b)</sup>  |
| CMO Series 2006-AR2 Class A1A | CMO Series 2006-AR2 Class A1A | CMO Series 2006-AR2 Class A1A | CMO Series 2006-AR2 Class A1A |
| 1-year MTA + 0.940% <br>Floor 0.940% <br>04/25/2046<br>| &nbsp;&nbsp; 4.798% | 179320 | &nbsp;&nbsp; 166365 |
| Wells Fargo Home Equity Asset-Backed Securities Trust<sup>(b)</sup>  | Wells Fargo Home Equity Asset-Backed Securities Trust<sup>(b)</sup>  | Wells Fargo Home Equity Asset-Backed Securities Trust<sup>(b)</sup>  | Wells Fargo Home Equity Asset-Backed Securities Trust<sup>(b)</sup>  |
| CMO Series 2007-1 Class A3 | CMO Series 2007-1 Class A3 | CMO Series 2007-1 Class A3 | CMO Series 2007-1 Class A3 |
| 1-month Term SOFR + 0.754% <br>Floor 0.640% <br>03/25/2037<br>| &nbsp;&nbsp; 4.428% | 900000 | &nbsp;&nbsp; 846937 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** | **Residential Mortgage-Backed Securities - Non-Agency**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount** <br> **($)**<br>| **Value ($)** |
| Wells Fargo Mortgage Backed Securities Trust | Wells Fargo Mortgage Backed Securities Trust | Wells Fargo Mortgage Backed Securities Trust | Wells Fargo Mortgage Backed Securities Trust |
| CMO Series 2007-7 Class A39 | CMO Series 2007-7 Class A39 | CMO Series 2007-7 Class A39 | CMO Series 2007-7 Class A39 |
| 06/25/2037 | &nbsp;&nbsp; 6.000% | 589486 | &nbsp;&nbsp; 560126 |
| Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $64,682,624) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $64,682,624) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $64,682,624) | &nbsp;&nbsp; **64737110** |

---

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

---

| | | |
|:---|:---|:---|
| **Rights 0.1%** | **Rights 0.1%** | **Rights 0.1%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Health Care 0.1%** | **Health Care 0.1%** | **Health Care 0.1%** |
| **Biotechnology 0.1%** | **Biotechnology 0.1%** | **Biotechnology 0.1%** |
| Albireo Pharma, Inc., CVR<sup>(i),(k),(l),(o)</sup> <br>| &nbsp;&nbsp; 37853 | &nbsp;&nbsp; 85169 |
| Concert Pharmaceuticals, Inc., CVR<sup>(i),(k),(l),(o)</sup> <br>| &nbsp;&nbsp; 173147 | &nbsp;&nbsp; 51944 |
| Total |  | &nbsp;&nbsp; 137113 |
| **Health Care Equipment & Supplies 0.0%** | **Health Care Equipment & Supplies 0.0%** | **Health Care Equipment & Supplies 0.0%** |
| Abiomed, Inc., CVR<sup>(i),(k),(l),(o)</sup> <br>| &nbsp;&nbsp; 15541 | &nbsp;&nbsp; 24866 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **161979** |
| **Materials 0.0%** | **Materials 0.0%** | **Materials 0.0%** |
| **Paper & Forest Products 0.0%** | **Paper & Forest Products 0.0%** | **Paper & Forest Products 0.0%** |
| Resolute Forest Products, Inc.<sup>(i),(k),(l),(o)</sup> <br>| &nbsp;&nbsp; 76222 | &nbsp;&nbsp; 114333 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **114333** |
| Total Rights <br>(Cost $245,563) | Total Rights <br>(Cost $245,563) | &nbsp;&nbsp; **276312** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans 2.5%** | **Senior Loans 2.5%** | **Senior Loans 2.5%** | **Senior Loans 2.5%** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** |
| Dynasty Acquisition Co., Inc.<sup>(b),(p)</sup>  | Dynasty Acquisition Co., Inc.<sup>(b),(p)</sup>  | Dynasty Acquisition Co., Inc.<sup>(b),(p)</sup>  | Dynasty Acquisition Co., Inc.<sup>(b),(p)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 2.000% <br>10/31/2031<br>| &nbsp;&nbsp; 5.673% | 146309 | &nbsp;&nbsp; 146675 |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 1-month Term SOFR + 2.000% <br>10/31/2031<br>| &nbsp;&nbsp; 5.673% | 55651 | &nbsp;&nbsp; 55790 |
| TransDigm, Inc.<sup>(b),(p)</sup>  | TransDigm, Inc.<sup>(b),(p)</sup>  | TransDigm, Inc.<sup>(b),(p)</sup>  | TransDigm, Inc.<sup>(b),(p)</sup>  |
| Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan |
| 1-month Term SOFR + 2.500% <br>02/28/2031<br>| &nbsp;&nbsp; 6.173% | 147750 | &nbsp;&nbsp; 147713 |
| Tranche K Term Loan | Tranche K Term Loan | Tranche K Term Loan | Tranche K Term Loan |
| 1-month Term SOFR + 2.250% <br>03/22/2030<br>| &nbsp;&nbsp; 5.923% | 54177 | &nbsp;&nbsp; 54113 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Tranche L Term Loan | Tranche L Term Loan | Tranche L Term Loan | Tranche L Term Loan |
| 1-month Term SOFR + 2.500% <br>01/19/2032<br>| &nbsp;&nbsp; 6.173% | 148125 | &nbsp;&nbsp; 148008 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **552299** |
| **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** |
| AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(p)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(p)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(p)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(p)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.250% <br>04/20/2028<br>| &nbsp;&nbsp; 5.918% | 132251 | &nbsp;&nbsp; 131966 |
| 3-month Term SOFR + 2.750% <br>05/28/2032<br>| &nbsp;&nbsp; 6.418% | 352337 | &nbsp;&nbsp; 352228 |
| AS Mileage Plan IP Ltd.<sup>(b),(p)</sup>  | AS Mileage Plan IP Ltd.<sup>(b),(p)</sup>  | AS Mileage Plan IP Ltd.<sup>(b),(p)</sup>  | AS Mileage Plan IP Ltd.<sup>(b),(p)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 1.750% <br>10/15/2031<br>| &nbsp;&nbsp; 5.418% | 246875 | &nbsp;&nbsp; 247388 |
| JetBlue Airways Corp.<sup>(b),(p)</sup>  | JetBlue Airways Corp.<sup>(b),(p)</sup>  | JetBlue Airways Corp.<sup>(b),(p)</sup>  | JetBlue Airways Corp.<sup>(b),(p)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.750% <br>Floor 0.500% <br>08/27/2029<br>| &nbsp;&nbsp; 8.445% | 429562 | &nbsp;&nbsp; 413725 |
| United AirLines, Inc.<sup>(b),(p)</sup>  | United AirLines, Inc.<sup>(b),(p)</sup>  | United AirLines, Inc.<sup>(b),(p)</sup>  | United AirLines, Inc.<sup>(b),(p)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.750% <br>02/22/2031<br>| &nbsp;&nbsp; 5.426% | 414542 | &nbsp;&nbsp; 414198 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1559505** |
| **Automotive 0.1%** | **Automotive 0.1%** | **Automotive 0.1%** | **Automotive 0.1%** |
| Clarios Global LP<sup>(b),(p)</sup>  | Clarios Global LP<sup>(b),(p)</sup>  | Clarios Global LP<sup>(b),(p)</sup>  | Clarios Global LP<sup>(b),(p)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.750% <br>01/28/2032<br>| &nbsp;&nbsp; 6.423% | 638400 | &nbsp;&nbsp; 636274 |
| **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** |
| Quikrete Holdings, Inc.<sup>(b),(p)</sup>  | Quikrete Holdings, Inc.<sup>(b),(p)</sup>  | Quikrete Holdings, Inc.<sup>(b),(p)</sup>  | Quikrete Holdings, Inc.<sup>(b),(p)</sup>  |
| Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan |
| 1-month Term SOFR + 2.250% <br>02/10/2032<br>| &nbsp;&nbsp; 5.923% | 888287 | &nbsp;&nbsp; 887382 |
| **Construction Machinery 0.0%** | **Construction Machinery 0.0%** | **Construction Machinery 0.0%** | **Construction Machinery 0.0%** |
| United Rentals North America, Inc.<sup>(b),(p)</sup>  | United Rentals North America, Inc.<sup>(b),(p)</sup>  | United Rentals North America, Inc.<sup>(b),(p)</sup>  | United Rentals North America, Inc.<sup>(b),(p)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.500% <br>02/14/2031<br>| &nbsp;&nbsp; 5.173% | 196500 | &nbsp;&nbsp; 196893 |
| **Electric 0.2%** | **Electric 0.2%** | **Electric 0.2%** | **Electric 0.2%** |
| Long Ridge Energy LLC<sup>(b),(p)</sup>  | Long Ridge Energy LLC<sup>(b),(p)</sup>  | Long Ridge Energy LLC<sup>(b),(p)</sup>  | Long Ridge Energy LLC<sup>(b),(p)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.500% <br>02/19/2032<br>| &nbsp;&nbsp; 8.172% | 406925 | &nbsp;&nbsp; 405147 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| NRG Energy, Inc.<sup>(b),(p)</sup>  | NRG Energy, Inc.<sup>(b),(p)</sup>  | NRG Energy, Inc.<sup>(b),(p)</sup>  | NRG Energy, Inc.<sup>(b),(p)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 1.750% <br>04/16/2031<br>| &nbsp;&nbsp; 5.520% | 712642 | &nbsp;&nbsp; 713868 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1119015** |
| **Environmental 0.1%** | **Environmental 0.1%** | **Environmental 0.1%** | **Environmental 0.1%** |
| Clean Harbors, Inc.<sup>(b),(p)</sup>  | Clean Harbors, Inc.<sup>(b),(p)</sup>  | Clean Harbors, Inc.<sup>(b),(p)</sup>  | Clean Harbors, Inc.<sup>(b),(p)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.500% <br>09/24/2032<br>| &nbsp;&nbsp; 5.173% | 350000 | &nbsp;&nbsp; 352079 |
| **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** | **Food and Beverage 0.0%** |
| Aramark Intermediate HoldCo Corp.<sup>(b),(p)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(p)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(p)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(p)</sup>  |
| Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan |
| 1-month Term SOFR + 1.750% <br>04/06/2028<br>| &nbsp;&nbsp; 5.423% | 64000 | &nbsp;&nbsp; 64040 |
| **Health Care 0.2%** | **Health Care 0.2%** | **Health Care 0.2%** | **Health Care 0.2%** |
| Hopper Merger Sub, Inc.<sup>(b),(p),(q)</sup>  | Hopper Merger Sub, Inc.<sup>(b),(p),(q)</sup>  | Hopper Merger Sub, Inc.<sup>(b),(p),(q)</sup>  | Hopper Merger Sub, Inc.<sup>(b),(p),(q)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.250% <br>01/14/2033<br>|  | 590000 | &nbsp;&nbsp; 582625 |
| Medline Borrower LP<sup>(b),(p)</sup>  | Medline Borrower LP<sup>(b),(p)</sup>  | Medline Borrower LP<sup>(b),(p)</sup>  | Medline Borrower LP<sup>(b),(p)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>10/23/2030<br>| &nbsp;&nbsp; 5.423% | 755911 | &nbsp;&nbsp; 757151 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1339776** |
| **Independent Energy 0.1%** | **Independent Energy 0.1%** | **Independent Energy 0.1%** | **Independent Energy 0.1%** |
| Hilcorp Energy I LP<sup>(b),(p)</sup>  | Hilcorp Energy I LP<sup>(b),(p)</sup>  | Hilcorp Energy I LP<sup>(b),(p)</sup>  | Hilcorp Energy I LP<sup>(b),(p)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>02/11/2030<br>| &nbsp;&nbsp; 5.417% | 521663 | &nbsp;&nbsp; 521010 |
| **Leisure 0.1%** | **Leisure 0.1%** | **Leisure 0.1%** | **Leisure 0.1%** |
| Formula One Management Ltd.<sup>(b),(p)</sup>  | Formula One Management Ltd.<sup>(b),(p)</sup>  | Formula One Management Ltd.<sup>(b),(p)</sup>  | Formula One Management Ltd.<sup>(b),(p)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 1.750% <br>Floor 0.500% <br>09/30/2031<br>| &nbsp;&nbsp; 5.422% | 268000 | &nbsp;&nbsp; 268201 |
| TKO Worldwide Holdings LLC<sup>(b),(p)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(p)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(p)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(p)</sup>  |
| Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan |
| 3-month Term SOFR + 2.000% <br>11/21/2031<br>| &nbsp;&nbsp; 5.664% | 413830 | &nbsp;&nbsp; 413917 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **682118** |
| **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** |
| Hilton Domestic Operating Co., Inc.<sup>(b),(p)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b),(p)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b),(p)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b),(p)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| 1-month Term SOFR + 1.750% <br>11/08/2030<br>| &nbsp;&nbsp; 5.424% | 360000 | &nbsp;&nbsp; 361163 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Travel + Leisure Co.<sup>(b),(p)</sup>  | Travel + Leisure Co.<sup>(b),(p)</sup>  | Travel + Leisure Co.<sup>(b),(p)</sup>  | Travel + Leisure Co.<sup>(b),(p)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>12/14/2029<br>| &nbsp;&nbsp; 5.673% | 588317 | &nbsp;&nbsp; 586634 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **947797** |
| **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** | **Other Financial Institutions 0.1%** |
| Opal US LLC<sup>(b),(p)</sup>  | Opal US LLC<sup>(b),(p)</sup>  | Opal US LLC<sup>(b),(p)</sup>  | Opal US LLC<sup>(b),(p)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| 3-month Term SOFR + 3.000% <br>04/28/2032<br>| &nbsp;&nbsp; 6.686% | 758100 | &nbsp;&nbsp; 756963 |
| **Other Industry 0.3%** | **Other Industry 0.3%** | **Other Industry 0.3%** | **Other Industry 0.3%** |
| AECOM<sup>(b),(p)</sup>  | AECOM<sup>(b),(p)</sup>  | AECOM<sup>(b),(p)</sup>  | AECOM<sup>(b),(p)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.750% <br>04/18/2031<br>| &nbsp;&nbsp; 5.423% | 438311 | &nbsp;&nbsp; 439328 |
| Aramark Intermediate HoldCo Corp.<sup>(b),(p)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(p)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(p)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(p)</sup>  |
| Tranche B10 Term Loan | Tranche B10 Term Loan | Tranche B10 Term Loan | Tranche B10 Term Loan |
| 1-month Term SOFR + 1.750% <br>06/22/2030<br>| &nbsp;&nbsp; 5.423% | 269554 | &nbsp;&nbsp; 269778 |
| Gloves Buyer, Inc.<sup>(b),(p)</sup>  | Gloves Buyer, Inc.<sup>(b),(p)</sup>  | Gloves Buyer, Inc.<sup>(b),(p)</sup>  | Gloves Buyer, Inc.<sup>(b),(p)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.000% <br>Floor 0.750% <br>05/21/2032<br>| &nbsp;&nbsp; 7.673% | 483787 | &nbsp;&nbsp; 481368 |
| LSF12 Helix Parent LLC<sup>(b),(p),(q)</sup>  | LSF12 Helix Parent LLC<sup>(b),(p),(q)</sup>  | LSF12 Helix Parent LLC<sup>(b),(p),(q)</sup>  | LSF12 Helix Parent LLC<sup>(b),(p),(q)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.500% <br>02/10/2033<br>| &nbsp;&nbsp; 7.173% | 465347 | &nbsp;&nbsp; 464793 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1655267** |
| **Packaging 0.1%** | **Packaging 0.1%** | **Packaging 0.1%** | **Packaging 0.1%** |
| Clydesdale Acquisition Holdings, Inc.<sup>(b),(p)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(p)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(p)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(p)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 1-month Term SOFR + 3.250% <br>04/01/2032<br>| &nbsp;&nbsp; 6.923% | 425008 | &nbsp;&nbsp; 420303 |
| **Restaurants 0.2%** | **Restaurants 0.2%** | **Restaurants 0.2%** | **Restaurants 0.2%** |
| 1011778 BC ULC<sup>(b),(p)</sup>  | 1011778 BC ULC<sup>(b),(p)</sup>  | 1011778 BC ULC<sup>(b),(p)</sup>  | 1011778 BC ULC<sup>(b),(p)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| 1-month Term SOFR + 1.750% <br>09/20/2030<br>| &nbsp;&nbsp; 5.423% | 749602 | &nbsp;&nbsp; 748349 |
| KFC Holding Co./Yum! Brands<sup>(b),(p)</sup>  | KFC Holding Co./Yum! Brands<sup>(b),(p)</sup>  | KFC Holding Co./Yum! Brands<sup>(b),(p)</sup>  | KFC Holding Co./Yum! Brands<sup>(b),(p)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.750% <br>03/15/2028<br>| &nbsp;&nbsp; 5.529% | 325798 | &nbsp;&nbsp; 326307 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **1074656** |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** | **Retailers 0.1%** |
| Great Outdoors Group LLC<sup>(b),(p)</sup>  | Great Outdoors Group LLC<sup>(b),(p)</sup>  | Great Outdoors Group LLC<sup>(b),(p)</sup>  | Great Outdoors Group LLC<sup>(b),(p)</sup>  | Great Outdoors Group LLC<sup>(b),(p)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>01/23/2032<br>| &nbsp;&nbsp; 6.923% |  | 935550 | &nbsp;&nbsp; 933211 |
| **Technology 0.3%** | **Technology 0.3%** | **Technology 0.3%** | **Technology 0.3%** | **Technology 0.3%** |
| CACI International, Inc.<sup>(b),(p)</sup>  | CACI International, Inc.<sup>(b),(p)</sup>  | CACI International, Inc.<sup>(b),(p)</sup>  | CACI International, Inc.<sup>(b),(p)</sup>  | CACI International, Inc.<sup>(b),(p)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.750% <br>10/30/2031<br>| &nbsp;&nbsp; 5.423% |  | 609036 | &nbsp;&nbsp; 608275 |
| Clearwater Analytics LLC<sup>(b),(p)</sup>  | Clearwater Analytics LLC<sup>(b),(p)</sup>  | Clearwater Analytics LLC<sup>(b),(p)</sup>  | Clearwater Analytics LLC<sup>(b),(p)</sup>  | Clearwater Analytics LLC<sup>(b),(p)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>04/21/2032<br>| &nbsp;&nbsp; 5.677% |  | 428925 | &nbsp;&nbsp; 428209 |
| Cloud Software Group, Inc.<sup>(b),(p)</sup>  | Cloud Software Group, Inc.<sup>(b),(p)</sup>  | Cloud Software Group, Inc.<sup>(b),(p)</sup>  | Cloud Software Group, Inc.<sup>(b),(p)</sup>  | Cloud Software Group, Inc.<sup>(b),(p)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 3-month Term SOFR + 3.250% <br>03/21/2031<br>| &nbsp;&nbsp; 6.922% |  | 509863 | &nbsp;&nbsp; 472388 |
| Kaseya, Inc.<sup>(b),(p)</sup>  | Kaseya, Inc.<sup>(b),(p)</sup>  | Kaseya, Inc.<sup>(b),(p)</sup>  | Kaseya, Inc.<sup>(b),(p)</sup>  | Kaseya, Inc.<sup>(b),(p)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.000% <br>03/22/2032<br>| &nbsp;&nbsp; 6.673% |  | 382112 | &nbsp;&nbsp; 344719 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **1853591** |
| Total Senior Loans <br>(Cost $15,670,172) | Total Senior Loans <br>(Cost $15,670,172) | Total Senior Loans <br>(Cost $15,670,172) | Total Senior Loans <br>(Cost $15,670,172) | &nbsp;&nbsp; **15552179** |
| **Treasury Bills**<sup>(g)</sup> **0.4%** | **Treasury Bills**<sup>(g)</sup> **0.4%** | **Treasury Bills**<sup>(g)</sup> **0.4%** | **Treasury Bills**<sup>(g)</sup> **0.4%** | **Treasury Bills**<sup>(g)</sup> **0.4%** |
| **Issuer** | **Yield** |  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Japan 0.2%** | **Japan 0.2%** | **Japan 0.2%** | **Japan 0.2%** | **Japan 0.2%** |
| Japan Government Two Year Bond | Japan Government Two Year Bond | Japan Government Two Year Bond | Japan Government Two Year Bond | Japan Government Two Year Bond |
| 12/01/2026 | &nbsp;&nbsp; 0.970% | JPY | 207800000 | &nbsp;&nbsp; 1326928 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury Bills**<sup>(g)</sup> **(continued)** | **Treasury Bills**<sup>(g)</sup> **(continued)** | **Treasury Bills**<sup>(g)</sup> **(continued)** | **Treasury Bills**<sup>(g)</sup> **(continued)** | **Treasury Bills**<sup>(g)</sup> **(continued)** |
| **Issuer** | **Yield** |  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Turkey 0.2%** | **Turkey 0.2%** | **Turkey 0.2%** | **Turkey 0.2%** | **Turkey 0.2%** |
| Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond |
| 08/12/2026 | &nbsp;&nbsp; 35.530% | TRY | 47285000 | &nbsp;&nbsp; 1090612 |
| Total Treasury Bills <br>(Cost $2,429,810) | Total Treasury Bills <br>(Cost $2,429,810) | Total Treasury Bills <br>(Cost $2,429,810) | Total Treasury Bills <br>(Cost $2,429,810) | &nbsp;&nbsp; **2417540** |
| **U.S. Treasury Obligations 1.0%** | **U.S. Treasury Obligations 1.0%** | **U.S. Treasury Obligations 1.0%** | **U.S. Treasury Obligations 1.0%** | **U.S. Treasury Obligations 1.0%** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| U.S. Treasury | U.S. Treasury | U.S. Treasury | U.S. Treasury | U.S. Treasury |
| 01/31/2027 | &nbsp;&nbsp; 1.500% |  | 2000 | &nbsp;&nbsp; 1963 |
| 05/15/2032 | &nbsp;&nbsp; 2.875% |  | 220000 | &nbsp;&nbsp; 210427 |
| 08/15/2032 | &nbsp;&nbsp; 2.750% |  | 1335000 | &nbsp;&nbsp; 1263765 |
| 02/15/2033 | &nbsp;&nbsp; 3.500% |  | 1320000 | &nbsp;&nbsp; 1301850 |
| 08/15/2035 | &nbsp;&nbsp; 4.250% |  | 400000 | &nbsp;&nbsp; 409938 |
| 02/15/2042 | &nbsp;&nbsp; 2.375% |  | 175000 | &nbsp;&nbsp; 133082 |
| 11/15/2042 | &nbsp;&nbsp; 2.750% |  | 590000 | &nbsp;&nbsp; 468221 |
| 02/15/2049 | &nbsp;&nbsp; 3.000% |  | 2760000 | &nbsp;&nbsp; 2110106 |
| 08/15/2052 | &nbsp;&nbsp; 3.000% |  | 95000 | &nbsp;&nbsp; 70745 |
| 02/15/2056 | &nbsp;&nbsp; 4.875% |  | 20000 | &nbsp;&nbsp; 20381 |
| Total U.S. Treasury Obligations <br>(Cost $6,274,196) | Total U.S. Treasury Obligations <br>(Cost $6,274,196) | Total U.S. Treasury Obligations <br>(Cost $6,274,196) | Total U.S. Treasury Obligations <br>(Cost $6,274,196) | &nbsp;&nbsp; **5990478** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 40.7%** | **Money Market Funds 40.7%** | **Money Market Funds 40.7%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(r),(s)</sup> <br>| &nbsp;&nbsp; 253125361 | &nbsp;&nbsp; 253074736 |
| Total Money Market Funds <br>(Cost $253,052,045) | Total Money Market Funds <br>(Cost $253,052,045) | &nbsp;&nbsp; **253074736** |
| **Total Investments in Securities** <br>**(Cost: $618,909,801)** | **Total Investments in Securities** <br>**(Cost: $618,909,801)** | &nbsp;&nbsp; **624226089** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(2924044)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **621302045** |

---

At February 28, 2026, securities and/or cash totaling $18,045,167 were pledged as collateral.

**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>|
| 892,315 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,498,838 NZD | ANZ Securities | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7347 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 97,440 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 114,986 USD | Barclays | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (155)<br>|
| 3,206,712 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 2,182,276 USD | Barclays | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (99636)<br>|
| 1,036,105 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 751,006 USD | Barclays | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9073)<br>|
| 2,228,002 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2,609,896 USD | Barclays | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (24927)<br>|
| 1,562,867 NZD | &nbsp;&nbsp;&nbsp;&nbsp; 917,451 USD | Barclays | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (20644)<br>|
| 2,618,665 SGD | &nbsp;&nbsp;&nbsp;&nbsp; 2,046,000 USD | Barclays | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (26757)<br>|
| 1,072,008 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,529,725 AUD | Barclays | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 16552 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** |
| **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>|
| 831,856 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,134,815 CAD | Barclays | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 635 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 4,342,623 USD | &nbsp;&nbsp;&nbsp;&nbsp; 3,699,530 EUR | Barclays | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 32422 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 474,079 USD | &nbsp;&nbsp;&nbsp;&nbsp; 786,116 NZD | Barclays | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2221)<br>|
| 768,100 USD | &nbsp;&nbsp;&nbsp;&nbsp; 118,295,020 JPY | BNY Capital Markets | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9180)<br>|
| 64,280 USD | &nbsp;&nbsp;&nbsp;&nbsp; 92,632 AUD | CIBC | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1637 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 158,873 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 106,419 USD | Citadel Securities LLC | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6629)<br>|
| 4,570,458 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 3,304,372 USD | Citi | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (48483)<br>|
| 60,911,239 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 399,415 USD | Citi | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8848 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 12,408,077 NOK | &nbsp;&nbsp;&nbsp;&nbsp; 1,294,317 USD | Citi | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10536)<br>|
| 976,880 NZD | &nbsp;&nbsp;&nbsp;&nbsp; 586,617 USD | Citi | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 254 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,915,278 NZD | &nbsp;&nbsp;&nbsp;&nbsp; 1,104,229 USD | Citi | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (45398)<br>|
| 1,664,160 USD | &nbsp;&nbsp;&nbsp;&nbsp; 2,386,034 AUD | Citi | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 33754 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 974,081 USD | &nbsp;&nbsp;&nbsp;&nbsp; 838,124 EUR | Citi | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 17080 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 320,495 USD | &nbsp;&nbsp;&nbsp;&nbsp; 49,346,102 JPY | Citi | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4085)<br>|
| 2,268,389 USD | &nbsp;&nbsp;&nbsp;&nbsp; 3,840,212 NZD | Citi | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 36660 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 768,100 USD | &nbsp;&nbsp;&nbsp;&nbsp; 118,541,372 JPY | Citi | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7600)<br>|
| 130,793 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 88,098 USD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4969)<br>|
| 278,159 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 331,723 USD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2516 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 204,033 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 240,644 USD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (834)<br>|
| 251,129 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 346,852 USD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8387 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 513,256 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 693,728 USD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1974 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 49,044 USD | &nbsp;&nbsp;&nbsp;&nbsp; 70,464 AUD | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1096 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 39,317 USD | &nbsp;&nbsp;&nbsp;&nbsp; 33,297 EUR | Citi | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 527,783 BRL | &nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | Deutsche Bank | 03/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2952)<br>|
| 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 515,773 BRL | Deutsche Bank | 03/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 609 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 399,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 575,033,376 KRW | Deutsche Bank | 03/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (254)<br>|
| 86,762,600 CLP | &nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | Deutsche Bank | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 584 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 257,657,221 INR | &nbsp;&nbsp;&nbsp;&nbsp; 2,800,006 USD | Deutsche Bank | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (31823)<br>|
| 1,740,478,399 KRW | &nbsp;&nbsp;&nbsp;&nbsp; 1,200,003 USD | Deutsche Bank | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9914)<br>|
| 1,599,997 USD | &nbsp;&nbsp;&nbsp;&nbsp; 146,851,494 INR | Deutsche Bank | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 14001 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 299,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 436,141,328 KRW | Deutsche Bank | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3190 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 499,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 15,824,599 TWD | Deutsche Bank | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6954 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 729,254,899 COP | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | Deutsche Bank | 03/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5744 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,157,976,066 KRW | &nbsp;&nbsp;&nbsp;&nbsp; 800,002 USD | Deutsche Bank | 03/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4972)<br>|
| 2,399,995 USD | &nbsp;&nbsp;&nbsp;&nbsp; 216,913,658 INR | Deutsche Bank | 03/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (16226)<br>|
| 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 18,116,394 INR | Deutsche Bank | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (932)<br>|
| 293,465,237 KRW | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | Deutsche Bank | 03/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3994)<br>|
| 99,865,143 INR | &nbsp;&nbsp;&nbsp;&nbsp; 1,100,002 USD | Deutsche Bank | 03/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3255 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3,163,420 TWD | &nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | Deutsche Bank | 03/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1249)<br>|
| 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 9,075,562 INR | Deutsche Bank | 03/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (329)<br>|
| 499,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 731,393,377 KRW | Deutsche Bank | 03/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8405 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 85,818,598 CLP | &nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | Deutsche Bank | 03/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1669 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 126,910,223 INR | &nbsp;&nbsp;&nbsp;&nbsp; 1,400,003 USD | Deutsche Bank | 03/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6391 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,199,998 USD | &nbsp;&nbsp;&nbsp;&nbsp; 108,882,114 INR | Deutsche Bank | 03/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4354)<br>|
| 799,998 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,164,400,483 KRW | Deutsche Bank | 03/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 9389 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 3,154,267 TWD | Deutsche Bank | 03/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 943 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3,143,015 TWD | &nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | Deutsche Bank | 03/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (569)<br>|
| 27,227,856 INR | &nbsp;&nbsp;&nbsp;&nbsp; 300,001 USD | Deutsche Bank | 03/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1172 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 299,999 USD | &nbsp;&nbsp;&nbsp;&nbsp; 259,897,070 CLP | Deutsche Bank | 03/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2221)<br>|
| 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 743,077,068 COP | Deutsche Bank | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3109)<br>|
| 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 373,339,529 COP | Deutsche Bank | 03/26/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1132)<br>|
| 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 142,617,600 KRW | Deutsche Bank | 04/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (881)<br>|
| 759,137,978 COP | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | Deutsche Bank | 04/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (458)<br>|
| 277,497 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 331,594 USD | Goldman Sachs | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3428 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 31,933,819 MXN | &nbsp;&nbsp;&nbsp;&nbsp; 1,731,005 USD | Goldman Sachs | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (120519)<br>|
| 831,856 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,135,011 CAD | Goldman Sachs | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 779 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 2,717,320 USD | &nbsp;&nbsp;&nbsp;&nbsp; 2,282,775 EUR | Goldman Sachs | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (17721)<br>|
| 132,318 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 88,358 USD | Goldman Sachs | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5795)<br>|

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** |
| **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>|
| 2,223,003 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1,492,151 USD | Goldman Sachs | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (89656)<br>|
| 2,765,400 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 3,255,737 USD | Goldman Sachs | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (17179)<br>|
| 494,493 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 592,958 USD | HSBC | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8172 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 862,033 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,226,483 AUD | HSBC | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 10738 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 949,380 USD | &nbsp;&nbsp;&nbsp;&nbsp; 803,772 EUR | HSBC | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1157 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 440,545 USD | &nbsp;&nbsp;&nbsp;&nbsp; 766,111 NZD | HSBC | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 19306 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,156,436 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,478,608 SGD | HSBC | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 13929 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 17,272,792 NOK | &nbsp;&nbsp;&nbsp;&nbsp; 1,534,250 EUR | HSBC | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1361)<br>|
| 513,942 BRL | &nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | JPMorgan | 03/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (252)<br>|
| 1,318,919,663 KRW | &nbsp;&nbsp;&nbsp;&nbsp; 900,002 USD | JPMorgan | 03/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (16870)<br>|
| 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 522,008 BRL | JPMorgan | 03/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1825 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 500,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 717,252,021 KRW | JPMorgan | 03/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1389)<br>|
| 347,201,217 CLP | &nbsp;&nbsp;&nbsp;&nbsp; 400,000 USD | JPMorgan | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2164 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 740,199,557 COP | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2774 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 4,952,335,620 KRW | &nbsp;&nbsp;&nbsp;&nbsp; 3,400,000 USD | JPMorgan | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (42680)<br>|
| 15,737,074 TWD | &nbsp;&nbsp;&nbsp;&nbsp; 500,001 USD | JPMorgan | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4148)<br>|
| 500,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 434,115,000 CLP | JPMorgan | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2574)<br>|
| 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 730,686,000 COP | JPMorgan | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5308)<br>|
| 300,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 27,624,348 INR | JPMorgan | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3610 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 899,998 USD | &nbsp;&nbsp;&nbsp;&nbsp; 81,619,583 INR | JPMorgan | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2943)<br>|
| 4,299,991 USD | &nbsp;&nbsp;&nbsp;&nbsp; 6,237,688,737 KRW | JPMorgan | 03/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 36220 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 216,782,545 INR | &nbsp;&nbsp;&nbsp;&nbsp; 2,400,000 USD | JPMorgan | 03/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 17672 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 6,316,400 TWD | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 03/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2324)<br>|
| 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 739,784,444 COP | JPMorgan | 03/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2938)<br>|
| 799,998 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,159,187,041 KRW | JPMorgan | 03/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5818 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 6,294,471 TWD | JPMorgan | 03/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1622 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 18,139,960 INR | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 673 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 852,609,723 KRW | &nbsp;&nbsp;&nbsp;&nbsp; 600,001 USD | JPMorgan | 03/09/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7327 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 600,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 876,723,492 KRW | JPMorgan | 03/09/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 9437 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 287,526,761 KRW | JPMorgan | 03/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (133)<br>|
| 308,364,326 INR | &nbsp;&nbsp;&nbsp;&nbsp; 3,400,000 USD | JPMorgan | 03/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 13455 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 4,399,991 USD | &nbsp;&nbsp;&nbsp;&nbsp; 400,304,454 INR | JPMorgan | 03/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3733)<br>|
| 900,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,318,551,237 KRW | JPMorgan | 03/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 16547 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 86,789,570 CLP | JPMorgan | 03/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (556)<br>|
| 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 18,194,053 INR | JPMorgan | 03/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (209)<br>|
| 1,228,692 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 829,533 USD | JPMorgan | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (44810)<br>|
| 1,227,707 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1,467,379 USD | JPMorgan | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 15499 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,001,403 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1,177,255 USD | JPMorgan | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7000)<br>|
| 2,499,507 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 3,326,077 USD | JPMorgan | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (42546)<br>|
| 5,873,182 NOK | &nbsp;&nbsp;&nbsp;&nbsp; 584,381 USD | JPMorgan | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (33252)<br>|
| 636,631 USD | &nbsp;&nbsp;&nbsp;&nbsp; 910,551 AUD | JPMorgan | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 11322 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 813,051 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,110,904 CAD | JPMorgan | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1900 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,566,232 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,335,434 EUR | JPMorgan | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 13046 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 328,158 USD | &nbsp;&nbsp;&nbsp;&nbsp; 245,000 GBP | JPMorgan | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2032 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 505,817 USD | &nbsp;&nbsp;&nbsp;&nbsp; 8,864,987 MXN | JPMorgan | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8175 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 755,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 7,313,609 NOK | JPMorgan | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 14111 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 260,521,283 CLP | &nbsp;&nbsp;&nbsp;&nbsp; 300,001 USD | JPMorgan | 03/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1507 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 54,471,660 INR | &nbsp;&nbsp;&nbsp;&nbsp; 600,000 USD | JPMorgan | 03/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2561 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 6,233,486,185 KRW | &nbsp;&nbsp;&nbsp;&nbsp; 4,300,000 USD | JPMorgan | 03/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (32522)<br>|
| 767,500 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 911,592 NZD | JPMorgan | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1173 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 86,795,000 CLP | &nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | JPMorgan | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 555 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 742,210,000 COP | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3339 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 143,158,370 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 921,720 USD | JPMorgan | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3290 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,158,464,000 KRW | &nbsp;&nbsp;&nbsp;&nbsp; 800,000 USD | JPMorgan | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5171)<br>|
| 400,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 347,418,000 CLP | JPMorgan | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1945)<br>|
| 200,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 742,678,000 COP | JPMorgan | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3215)<br>|
| 6,292,460 TWD | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 03/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1025)<br>|
| 500,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 15,730,000 TWD | JPMorgan | 03/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2526 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** |
| **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>|
| 400,754,552 INR | &nbsp;&nbsp;&nbsp;&nbsp; 4,400,000 USD | JPMorgan | 03/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7930 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 5,589,295 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 5,800,000 AUD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 24484 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3,629,929 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 2,250,000 EUR | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1625)<br>|
| 100,000 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 73,414 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,200,000 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 879,245 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1567)<br>|
| 227,740 CHF | &nbsp;&nbsp;&nbsp;&nbsp; 250,000 EUR | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1395)<br>|
| 130,311 CHF | &nbsp;&nbsp;&nbsp;&nbsp; 125,000 GBP | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1617)<br>|
| 375,000 CHF | &nbsp;&nbsp;&nbsp;&nbsp; 486,549 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2922)<br>|
| 6,153,957 CNH | &nbsp;&nbsp;&nbsp;&nbsp; 900,000 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1135 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 4,126,487 CNH | &nbsp;&nbsp;&nbsp;&nbsp; 600,000 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2727)<br>|
| 2,375,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 3,978,085 AUD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 19959 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 5,375,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 4,902,475 CHF | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 37902 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 500,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 436,596 GBP | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3297)<br>|
| 600,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 229,090,260 HUF | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6856 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 200,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 75,302,294 HUF | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1035)<br>|
| 200,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 36,582,524 JPY | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1850)<br>|
| 3,250,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 36,733,560 NOK | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 16415 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,100,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 4,645,561 PLN | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1774)<br>|
| 3,375,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 35,687,044 SEK | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (34247)<br>|
| 625,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 742,585 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2925 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 375,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 441,321 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2475)<br>|
| 2,000,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 3,834,871 AUD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 33221 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 625,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 653,376 CHF | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 10465 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3,406,395 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 3,900,000 EUR | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 24442 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 375,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 78,844,883 JPY | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 729 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 250,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 51,848,830 JPY | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4100)<br>|
| 625,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 846,970 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4613 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 250,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 336,065 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (878)<br>|
| 76,282,280 HUF | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 EUR | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2032)<br>|
| 347,110,060 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 3,200,000 AUD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 48743 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 202,432,500 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 1,800,000 CAD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 21706 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 199,626,193 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 1,000,000 CHF | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 23759 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 454,948,472 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 2,500,000 EUR | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 38108 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 468,663,406 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 2,250,000 GBP | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 23908 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 105,229,487 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 500,000 GBP | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1633)<br>|
| 222,072,000 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 2,400,000 NZD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 15799 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 450,000,000 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 2,945,442 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 56674 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 23,500,000 NOK | &nbsp;&nbsp;&nbsp;&nbsp; 21,974,638 SEK | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (32741)<br>|
| 7,506,375 NZD | &nbsp;&nbsp;&nbsp;&nbsp; 6,400,000 AUD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 45859 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 300,000 NZD | &nbsp;&nbsp;&nbsp;&nbsp; 180,411 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 238 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 422,468 PLN | &nbsp;&nbsp;&nbsp;&nbsp; 100,000 EUR | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 121 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 356,882 PLN | &nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 4,341,168 USD | &nbsp;&nbsp;&nbsp;&nbsp; 6,100,000 AUD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (615)<br>|
| 584,864 USD | &nbsp;&nbsp;&nbsp;&nbsp; 800,000 CAD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2344 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3,533,358 USD | &nbsp;&nbsp;&nbsp;&nbsp; 4,800,000 CAD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10110)<br>|
| 3,097,274 USD | &nbsp;&nbsp;&nbsp;&nbsp; 2,375,000 CHF | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2709 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 653,176 USD | &nbsp;&nbsp;&nbsp;&nbsp; 500,000 CHF | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (548)<br>|
| 9,500,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 65,356,389 CNH | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 46148 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,329,653 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,125,000 EUR | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1737 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3,572,087 USD | &nbsp;&nbsp;&nbsp;&nbsp; 3,000,000 EUR | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (21715)<br>|
| 5,785,230 USD | &nbsp;&nbsp;&nbsp;&nbsp; 4,250,000 GBP | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (57202)<br>|
| 2,500,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 803,715,170 HUF | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 15202 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 600,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 191,655,600 HUF | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (220)<br>|
| 1,700,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 5,248,062 ILS | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (24195)<br>|
| 406,755 USD | &nbsp;&nbsp;&nbsp;&nbsp; 62,500,000 JPY | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5537)<br>|
| 4,795,884 USD | &nbsp;&nbsp;&nbsp;&nbsp; 82,500,000 MXN | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (18623)<br>|
| 2,000,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 18,985,217 NOK | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3643)<br>|
| 119,880 USD | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 NZD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 235 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** |
| **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>|
| 2,304,336 USD | &nbsp;&nbsp;&nbsp;&nbsp; 3,800,000 NZD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (22140)<br>|
| 2,000,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 7,156,937 PLN | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2820 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 2,800,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 9,935,131 PLN | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (19721)<br>|
| 2,100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 18,650,018 SEK | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (30548)<br>|
| 5,600,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 7,046,374 SGD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (16737)<br>|
| 1,500,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 67,684,182 TRY | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4743 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3,300,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 52,759,158 ZAR | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5581 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 17,521,499 ZAR | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2205)<br>|
| 1,595,501 ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 100,000 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3,201,115 ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (563)<br>|
| 100,000 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 118,721 USD | JPMorgan | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 369 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 105,623 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 123,831 USD | JPMorgan | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1176)<br>|
| 150,000 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 205,638 USD | JPMorgan | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3471 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 131,675 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 176,103 USD | JPMorgan | 04/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1366)<br>|
| 100,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 518,047 BRL | JPMorgan | 04/02/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 224 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 600,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 851,958,000 KRW | JPMorgan | 04/03/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7894)<br>|
| 18,239,378 INR | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 04/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 222 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 287,312,000 KRW | &nbsp;&nbsp;&nbsp;&nbsp; 200,000 USD | JPMorgan | 04/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 304 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 707,637 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 853,773 USD | Morgan Stanley | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 16925 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 7,266 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 8,488 USD | Morgan Stanley | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (104)<br>|
| 3,732,422 NOK | &nbsp;&nbsp;&nbsp;&nbsp; 393,105 USD | Morgan Stanley | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 598 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,915,278 NZD | &nbsp;&nbsp;&nbsp;&nbsp; 1,103,668 USD | Morgan Stanley | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (45959)<br>|
| 2,372,336 USD | &nbsp;&nbsp;&nbsp;&nbsp; 3,501,190 AUD | Morgan Stanley | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 119128 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 755,000 USD | &nbsp;&nbsp;&nbsp;&nbsp; 7,327,468 NOK | Morgan Stanley | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 15568 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 335,009,519 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 2,150,680 USD | Morgan Stanley | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1431 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,649,290 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1,139,734 USD | Royal Bank of Canada | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (33909)<br>|
| 945,221 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1,126,284 USD | Royal Bank of Canada | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8470 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 5,662,040 NOK | &nbsp;&nbsp;&nbsp;&nbsp; 576,033 USD | Royal Bank of Canada | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (19397)<br>|
| 609,762 NZD | &nbsp;&nbsp;&nbsp;&nbsp; 369,061 USD | Royal Bank of Canada | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3057 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 752,378 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,074,450 AUD | Royal Bank of Canada | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 12206 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 2,392,473 USD | &nbsp;&nbsp;&nbsp;&nbsp; 3,323,832 CAD | Royal Bank of Canada | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 45865 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 52,825 USD | &nbsp;&nbsp;&nbsp;&nbsp; 44,773 EUR | Royal Bank of Canada | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 123 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,041,596 USD | &nbsp;&nbsp;&nbsp;&nbsp; 873,666 EUR | Royal Bank of Canada | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (8404)<br>|
| 119,160,538 JPY | &nbsp;&nbsp;&nbsp;&nbsp; 768,100 USD | Royal Bank of Canada | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3627 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 768,100 USD | &nbsp;&nbsp;&nbsp;&nbsp; 119,124,614 JPY | Royal Bank of Canada | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3858)<br>|
| 1,670,414 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 1,122,894 USD | Standard Chartered | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (65781)<br>|
| 4,245,939 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 4,973,319 USD | Standard Chartered | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (47907)<br>|
| 7,360,757 NOK | &nbsp;&nbsp;&nbsp;&nbsp; 746,943 USD | Standard Chartered | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (27126)<br>|
| 971,528 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,375,147 AUD | Standard Chartered | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7034 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 2,568,053 USD | &nbsp;&nbsp;&nbsp;&nbsp; 2,185,282 EUR | Standard Chartered | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 16252 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 751,922 USD | &nbsp;&nbsp;&nbsp;&nbsp; 556,217 GBP | Standard Chartered | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2301)<br>|
| 922,589 USD | &nbsp;&nbsp;&nbsp;&nbsp; 9,091,332 NOK | Standard Chartered | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 33470 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 889,567 USD | &nbsp;&nbsp;&nbsp;&nbsp; 1,142,186 SGD | Standard Chartered | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 14510 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 8,632,530 NOK | &nbsp;&nbsp;&nbsp;&nbsp; 768,125 EUR | Standard Chartered | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 909 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 768,100 USD | &nbsp;&nbsp;&nbsp;&nbsp; 120,170,858 JPY | Standard Chartered | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2854 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 1,013,284 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1,192,864 USD | State Street | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5441)<br>|
| 7,683,503 MXN | &nbsp;&nbsp;&nbsp;&nbsp; 418,037 USD | State Street | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (27453)<br>|
| 975,011 USD | &nbsp;&nbsp;&nbsp;&nbsp; 838,124 EUR | State Street | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 16151 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 751,253 USD | &nbsp;&nbsp;&nbsp;&nbsp; 556,217 GBP | State Street | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1631)<br>|
| 507,859 USD | &nbsp;&nbsp;&nbsp;&nbsp; 8,864,987 MXN | State Street | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6133 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 741,278 USD | &nbsp;&nbsp;&nbsp;&nbsp; 7,336,877 NOK | State Street | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 30280 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 768,100 USD | &nbsp;&nbsp;&nbsp;&nbsp; 119,306,945 JPY | State Street | 03/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2688)<br>|
| 5,245,606 AUD | &nbsp;&nbsp;&nbsp;&nbsp; 3,545,863 USD | UBS | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (186936)<br>|
| 1,124,213 CAD | &nbsp;&nbsp;&nbsp;&nbsp; 822,185 USD | UBS | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2529)<br>|
| 4,158,959 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 4,873,942 USD | UBS | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (44422)<br>|
| 13,651,132 NOK | &nbsp;&nbsp;&nbsp;&nbsp; 1,365,396 USD | UBS | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (70179)<br>|
| 570,235 USD | &nbsp;&nbsp;&nbsp;&nbsp; 821,317 AUD | UBS | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 14218 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** | **Forward foreign currency exchange contracts (continued)** |
| **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>|
| 2,902,593 USD | &nbsp;&nbsp;&nbsp;&nbsp; 2,482,466 EUR | UBS | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 33159 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 521,074 USD | &nbsp;&nbsp;&nbsp;&nbsp; 5,057,644 NOK | UBS | 03/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 10796 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1454289 | &nbsp;&nbsp;&nbsp;&nbsp; (1854968)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| 3-Month Aluminum | 2 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 156751 | &nbsp;&nbsp;&nbsp;&nbsp; 3643 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Aluminum | 3 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 235243 | &nbsp;&nbsp;&nbsp;&nbsp; 859 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Aluminum | 1 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 78399 | &nbsp;&nbsp;&nbsp;&nbsp; 1179 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Aluminum | 1 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 78394 | &nbsp;&nbsp;&nbsp;&nbsp; 2122 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Aluminum | 2 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 157098 | &nbsp;&nbsp;&nbsp;&nbsp; 2398 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Aluminum | 2 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 156977 | &nbsp;&nbsp;&nbsp;&nbsp; 2355 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Copper | 1 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 333549 | &nbsp;&nbsp;&nbsp;&nbsp; 4627 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Copper | 1 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 333575 | &nbsp;&nbsp;&nbsp;&nbsp; 11794 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month CORRA | 34 | 09/2026 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 8313000 | &nbsp;&nbsp;&nbsp;&nbsp; 4491 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month CORRA | 5 | 09/2026 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 1222500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (56)<br>|
| 3-Month Euro Euribor | 9 | 09/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2205113 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1652)<br>|
| 3-Month Euro Euribor | 32 | 12/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 7842000 | &nbsp;&nbsp;&nbsp;&nbsp; 9525 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Euro Euribor | 81 | 03/2027 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 19847025 | &nbsp;&nbsp;&nbsp;&nbsp; 7223 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Euro Euribor | 32 | 03/2028 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 7828800 | &nbsp;&nbsp;&nbsp;&nbsp; 8951 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Euro Euribor | 14 | 06/2028 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 3423350 | &nbsp;&nbsp;&nbsp;&nbsp; 4110 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Euro Euribor | 17 | 06/2029 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 4149063 | &nbsp;&nbsp;&nbsp;&nbsp; 3918 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Lead | 1 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 49063 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (504)<br>|
| 3-Month SONIA | 16 | 09/2026 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 3866000 | &nbsp;&nbsp;&nbsp;&nbsp; 783 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Zinc | 10 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 829150 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11126)<br>|
| Australian Dollar | 130 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 9248200 | &nbsp;&nbsp;&nbsp;&nbsp; 515157 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Australian Dollar | 5 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 355700 | &nbsp;&nbsp;&nbsp;&nbsp; 4442 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brazilian Real | 83 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1603560 | &nbsp;&nbsp;&nbsp;&nbsp; 11597 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brazilian Real | 3 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 57960 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| Brent Crude | 36 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2623320 | &nbsp;&nbsp;&nbsp;&nbsp; 117540 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | 7 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 510090 | &nbsp;&nbsp;&nbsp;&nbsp; 29883 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | 4 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 291480 | &nbsp;&nbsp;&nbsp;&nbsp; 7766 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | 7 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 506030 | &nbsp;&nbsp;&nbsp;&nbsp; 36313 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | 5 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 358050 | &nbsp;&nbsp;&nbsp;&nbsp; 11605 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Brent Crude | 7 | 10/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 480480 | &nbsp;&nbsp;&nbsp;&nbsp; 16723 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| British Pound | 2 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 168500 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2103)<br>|
| British Pound | 60 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 5055000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (20099)<br>|
| CAC40 Index | 16 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1374960 | &nbsp;&nbsp;&nbsp;&nbsp; 32060 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| CAC40 Index | 10 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 859350 | &nbsp;&nbsp;&nbsp;&nbsp; 24530 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| CAC40 Index | 1 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 85935 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (391)<br>|
| Canadian Dollar | 9 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 660645 | &nbsp;&nbsp;&nbsp;&nbsp; 1772 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Canadian Dollar | 50 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3670250 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (18508)<br>|
| Canadian Government 10-Year Bond | 119 | 06/2026 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 14617960 | &nbsp;&nbsp;&nbsp;&nbsp; 43405 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Canadian Government 10-Year Bond | 44 | 06/2026 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 5404960 | &nbsp;&nbsp;&nbsp;&nbsp; 19590 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Canadian Government 5-Year Bond | 1 | 06/2026 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 115320 | &nbsp;&nbsp;&nbsp;&nbsp; 306 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Canola | 16 | 05/2026 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 220064 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (427)<br>|
| Canola | 10 | 07/2026 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 139700 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11)<br>|
| Class III Milk | 2 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 69080 | &nbsp;&nbsp;&nbsp;&nbsp; 1736 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cocoa | 2 | 05/2026 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 41140 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2482)<br>|
| Copper | 6 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 908925 | &nbsp;&nbsp;&nbsp;&nbsp; 35633 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Copper | 1 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 151488 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1744)<br>|
| Copper | 2 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 668458 | &nbsp;&nbsp;&nbsp;&nbsp; 11864 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Copper | 2 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 305900 | &nbsp;&nbsp;&nbsp;&nbsp; 9471 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Crude Oil E-mini | 2 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 67020 | &nbsp;&nbsp;&nbsp;&nbsp; 1242 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Crude Palm Oil | 1 | 07/2026 | MYR | &nbsp;&nbsp;&nbsp;&nbsp; 101075 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (87)<br>|
| DAX Index | 3 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1901025 | &nbsp;&nbsp;&nbsp;&nbsp; 49897 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| DAX Index | 1 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 633675 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6383)<br>|
| DAX Index Mini | 1 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 126735 | &nbsp;&nbsp;&nbsp;&nbsp; 5920 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| DJIA Index E-mini | 10 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2450000 | &nbsp;&nbsp;&nbsp;&nbsp; 51089 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| DJIA Index E-mini | 4 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 980000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3756)<br>|
| Energy Select Sector Index E-mini | 1 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 117200 | &nbsp;&nbsp;&nbsp;&nbsp; 15269 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro FX | 37 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 5470450 | &nbsp;&nbsp;&nbsp;&nbsp; 24223 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro FX | 1 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 147850 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (971)<br>|
| Euro FX | 11 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1626350 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (16629)<br>|
| Euro FX E-mini | 2 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 147850 | &nbsp;&nbsp;&nbsp;&nbsp; 1686 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro FX Micro E-mini | 3 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 44355 | &nbsp;&nbsp;&nbsp;&nbsp; 361 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro STOXX 50 Index | 27 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1661310 | &nbsp;&nbsp;&nbsp;&nbsp; 96382 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro STOXX 50 Index | 32 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1968960 | &nbsp;&nbsp;&nbsp;&nbsp; 55551 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro STOXX Banks Index | 23 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 309580 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7214)<br>|
| Euro-Bobl | 24 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2819040 | &nbsp;&nbsp;&nbsp;&nbsp; 8277 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-BTP | 90 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 11056500 | &nbsp;&nbsp;&nbsp;&nbsp; 112173 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-BTP | 40 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 4914000 | &nbsp;&nbsp;&nbsp;&nbsp; 51981 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-Bund | 14 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1823220 | &nbsp;&nbsp;&nbsp;&nbsp; 25757 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-Bund | 17 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2213910 | &nbsp;&nbsp;&nbsp;&nbsp; 12968 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-OAT | 84 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 10409280 | &nbsp;&nbsp;&nbsp;&nbsp; 104260 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-OAT | 94 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 11648480 | &nbsp;&nbsp;&nbsp;&nbsp; 69079 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE 100 Index | 23 | 03/2026 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 2508380 | &nbsp;&nbsp;&nbsp;&nbsp; 268324 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE 100 Index | 20 | 03/2026 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 2181200 | &nbsp;&nbsp;&nbsp;&nbsp; 168651 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE China A50 Index | 44 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 644248 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6757)<br>|
| FTSE China A50 Index | 62 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 907804 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7271)<br>|
| FTSE Taiwan Index | 10 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1134100 | &nbsp;&nbsp;&nbsp;&nbsp; 46903 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE Taiwan Index | 9 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1020690 | &nbsp;&nbsp;&nbsp;&nbsp; 30709 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE/JSE Top 40 Index | 6 | 03/2026 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 7207080 | &nbsp;&nbsp;&nbsp;&nbsp; 45542 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE/JSE Top 40 Index | 7 | 03/2026 | ZAR | &nbsp;&nbsp;&nbsp;&nbsp; 8408260 | &nbsp;&nbsp;&nbsp;&nbsp; 37289 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE/MIB Index | 6 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1418130 | &nbsp;&nbsp;&nbsp;&nbsp; 80403 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE/MIB Index | 4 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 945420 | &nbsp;&nbsp;&nbsp;&nbsp; 75213 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE/MIB Index Mini | 2 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 94542 | &nbsp;&nbsp;&nbsp;&nbsp; 6860 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | 20 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1486000 | &nbsp;&nbsp;&nbsp;&nbsp; 80660 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | 5 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 371500 | &nbsp;&nbsp;&nbsp;&nbsp; 14420 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | 2 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 145500 | &nbsp;&nbsp;&nbsp;&nbsp; 11798 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | 5 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 357000 | &nbsp;&nbsp;&nbsp;&nbsp; 38920 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gas Oil | 5 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 352250 | &nbsp;&nbsp;&nbsp;&nbsp; 29995 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gold | 1 | 12/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 26814000 | &nbsp;&nbsp;&nbsp;&nbsp; 9532 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gold 100 oz. | 3 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1574370 | &nbsp;&nbsp;&nbsp;&nbsp; 74409 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gold 100 oz. | 2 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1049580 | &nbsp;&nbsp;&nbsp;&nbsp; 22107 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Gold E-micro | 1 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 52479 | &nbsp;&nbsp;&nbsp;&nbsp; 3252 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Hard Red Winter Wheat | 16 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 464400 | &nbsp;&nbsp;&nbsp;&nbsp; 4963 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Hard Red Winter Wheat | 2 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 59350 | &nbsp;&nbsp;&nbsp;&nbsp; 1758 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Health Care Select Sector Index E-mini | 1 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 161790 | &nbsp;&nbsp;&nbsp;&nbsp; 3399 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| IBEX 35 Index | 6 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 1104672 | &nbsp;&nbsp;&nbsp;&nbsp; 34069 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| IBEX 35 Index | 5 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 920560 | &nbsp;&nbsp;&nbsp;&nbsp; 15936 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| IBEX 35 Index Mini | 3 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 55234 | &nbsp;&nbsp;&nbsp;&nbsp; 835 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| IFSC Nifty 50 Index | 1 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 50570 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (658)<br>|
| IFSC Nifty 50 Index | 5 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 252850 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3291)<br>|
| KLCI Index | 9 | 03/2026 | MYR | &nbsp;&nbsp;&nbsp;&nbsp; 761850 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3896)<br>|
| KOSPI 200 Index Mini | 3 | 03/2026 | KRW | &nbsp;&nbsp;&nbsp;&nbsp; 140670000 | &nbsp;&nbsp;&nbsp;&nbsp; 16547 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Lean Hogs | 1 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 38290 | &nbsp;&nbsp;&nbsp;&nbsp; 1680 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Lean Hogs | 3 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 114870 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7)<br>|
| Lean Hogs | 9 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 344610 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3064)<br>|
| Lean Hogs | 19 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 832580 | &nbsp;&nbsp;&nbsp;&nbsp; 12458 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Lean Hogs | 9 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 402030 | &nbsp;&nbsp;&nbsp;&nbsp; 9310 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Live Cattle | 5 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 464450 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4661)<br>|
| Live Cattle | 13 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1207570 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (34735)<br>|
| Live Cattle | 3 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 274980 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1277)<br>|

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| Live Cattle | 2 | 08/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 182240 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (584)<br>|
| Live Cattle | 1 | 10/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 90890 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (362)<br>|
| Long Gilt | 25 | 06/2026 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 2342000 | &nbsp;&nbsp;&nbsp;&nbsp; 35715 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Long Gilt | 9 | 06/2026 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 843120 | &nbsp;&nbsp;&nbsp;&nbsp; 1665 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Mexican Peso | 150 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 4347000 | &nbsp;&nbsp;&nbsp;&nbsp; 272382 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Mexican Peso | 1 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 28980 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (37)<br>|
| MSCI EAFE Index | 37 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 5855435 | &nbsp;&nbsp;&nbsp;&nbsp; 549766 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| MSCI EAFE Index | 13 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2057315 | &nbsp;&nbsp;&nbsp;&nbsp; 82306 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| MSCI Emerging Markets Index | 24 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1924440 | &nbsp;&nbsp;&nbsp;&nbsp; 243378 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| MSCI Emerging Markets Index | 17 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1363145 | &nbsp;&nbsp;&nbsp;&nbsp; 157027 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| MSCI Singapore Index | 34 | 03/2026 | SGD | &nbsp;&nbsp;&nbsp;&nbsp; 1569270 | &nbsp;&nbsp;&nbsp;&nbsp; 5466 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| MSCI Singapore Index | 13 | 03/2026 | SGD | &nbsp;&nbsp;&nbsp;&nbsp; 600015 | &nbsp;&nbsp;&nbsp;&nbsp; 2308 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NASDAQ 100 Index E-mini | 3 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1500285 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (56987)<br>|
| Natural Gas NBP | 10 | 03/2026 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; 235710 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11235)<br>|
| New Zealand 3-Month Bill | 3 | 06/2026 | NZD | &nbsp;&nbsp;&nbsp;&nbsp; 2981328 | &nbsp;&nbsp;&nbsp;&nbsp; 378 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| New Zealand Dollar | 6 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 359970 | &nbsp;&nbsp;&nbsp;&nbsp; 1717 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| New Zealand Dollar | 77 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 4619615 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (30818)<br>|
| Nickel | 6 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 644310 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1234)<br>|
| Nikkei 225 Index | 2 | 03/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 118200000 | &nbsp;&nbsp;&nbsp;&nbsp; 109874 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Nikkei 225 Index | 2 | 03/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 118200000 | &nbsp;&nbsp;&nbsp;&nbsp; 107363 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Nikkei 225 Index | 2 | 03/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 59080000 | &nbsp;&nbsp;&nbsp;&nbsp; 53731 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Nikkei 225 Index Mini | 18 | 03/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 106380000 | &nbsp;&nbsp;&nbsp;&nbsp; 66584 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Norwegian Krone | 25 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 5260000 | &nbsp;&nbsp;&nbsp;&nbsp; 140528 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | 14 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1526448 | &nbsp;&nbsp;&nbsp;&nbsp; 97363 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | 5 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 545160 | &nbsp;&nbsp;&nbsp;&nbsp; 27993 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | 2 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 212638 | &nbsp;&nbsp;&nbsp;&nbsp; 21114 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | 3 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 313299 | &nbsp;&nbsp;&nbsp;&nbsp; 29168 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | 6 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 619769 | &nbsp;&nbsp;&nbsp;&nbsp; 47672 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| NY Harbor ULSD Heat Oil | 3 | 11/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 302891 | &nbsp;&nbsp;&nbsp;&nbsp; 27732 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| OMXS30 Index | 47 | 03/2026 | SEK | &nbsp;&nbsp;&nbsp;&nbsp; 15163375 | &nbsp;&nbsp;&nbsp;&nbsp; 54534 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Palladium | 2 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 365700 | &nbsp;&nbsp;&nbsp;&nbsp; 4811 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Palladium | 3 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 548550 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12505)<br>|
| Platinum | 5 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 593375 | &nbsp;&nbsp;&nbsp;&nbsp; 80561 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Platinum | 1 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 118675 | &nbsp;&nbsp;&nbsp;&nbsp; 5953 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Platinum | 1 | 10/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 5853500 | &nbsp;&nbsp;&nbsp;&nbsp; 5447 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Platinum | 1 | 12/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 5887500 | &nbsp;&nbsp;&nbsp;&nbsp; 1536 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Primary Aluminum | 23 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1808312 | &nbsp;&nbsp;&nbsp;&nbsp; 20512 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Rapeseed | 21 | 04/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 511350 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4451)<br>|
| Rapeseed | 2 | 07/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 47125 | &nbsp;&nbsp;&nbsp;&nbsp; 349 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | 17 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1631847 | &nbsp;&nbsp;&nbsp;&nbsp; 38003 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | 6 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 575946 | &nbsp;&nbsp;&nbsp;&nbsp; 35383 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | 6 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 577836 | &nbsp;&nbsp;&nbsp;&nbsp; 31658 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | 4 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 383443 | &nbsp;&nbsp;&nbsp;&nbsp; 17558 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| RBOB Gasoline | 5 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 474726 | &nbsp;&nbsp;&nbsp;&nbsp; 29748 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Real Estate Select Sector Index E-mini | 3 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 161325 | &nbsp;&nbsp;&nbsp;&nbsp; 858 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Rubber | 2 | 07/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 3719000 | &nbsp;&nbsp;&nbsp;&nbsp; 1385 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Russell 2000 Index E-mini | 7 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 922145 | &nbsp;&nbsp;&nbsp;&nbsp; 7310 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Russell 2000 Index E-mini | 5 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 658675 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10375)<br>|
| S&P 500 Index E-mini | 8 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2755600 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7006)<br>|
| S&P 500 Index E-mini | 12 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 4133400 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (31793)<br>|
| S&P 500 Index Micro E-mini | 2 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 68890 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1232)<br>|
| S&P Mid 400 Index E-mini | 5 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1788950 | &nbsp;&nbsp;&nbsp;&nbsp; 77272 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| S&P Mid 400 Index E-mini | 4 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1431160 | &nbsp;&nbsp;&nbsp;&nbsp; 59539 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| S&P/TSX 60 Index | 11 | 03/2026 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 4337300 | &nbsp;&nbsp;&nbsp;&nbsp; 188775 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| S&P/TSX 60 Index | 7 | 03/2026 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; 2760100 | &nbsp;&nbsp;&nbsp;&nbsp; 88034 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| SGX TSI Iron Ore China 62% | 141 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1386876 | &nbsp;&nbsp;&nbsp;&nbsp; 734 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Short Term Euro-BTP | 189 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 20360970 | &nbsp;&nbsp;&nbsp;&nbsp; 64211 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Short Term Euro-BTP | 66 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 7110180 | &nbsp;&nbsp;&nbsp;&nbsp; 6783 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** | **Long futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| Silver | 1 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 466455 | &nbsp;&nbsp;&nbsp;&nbsp; 80870 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Silver | 1 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 466455 | &nbsp;&nbsp;&nbsp;&nbsp; 2753 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| South African Rand | 147 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 4615800 | &nbsp;&nbsp;&nbsp;&nbsp; 326771 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean | 31 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1814663 | &nbsp;&nbsp;&nbsp;&nbsp; 23043 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean | 21 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1241888 | &nbsp;&nbsp;&nbsp;&nbsp; 19153 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean | 21 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1241888 | &nbsp;&nbsp;&nbsp;&nbsp; 16638 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean | 27 | 11/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1523138 | &nbsp;&nbsp;&nbsp;&nbsp; 13090 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Meal | 17 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 544850 | &nbsp;&nbsp;&nbsp;&nbsp; 10762 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Oil | 14 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 519540 | &nbsp;&nbsp;&nbsp;&nbsp; 29573 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Oil | 38 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1411092 | &nbsp;&nbsp;&nbsp;&nbsp; 72535 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Oil | 14 | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 519876 | &nbsp;&nbsp;&nbsp;&nbsp; 44699 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Soybean Oil | 12 | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 430056 | &nbsp;&nbsp;&nbsp;&nbsp; 32619 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| SPI 200 Index | 11 | 03/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 2521750 | &nbsp;&nbsp;&nbsp;&nbsp; 71893 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| SPI 200 Index | 10 | 03/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; 2292500 | &nbsp;&nbsp;&nbsp;&nbsp; 54488 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| STOXX 600 Insurance Index | 1 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 25480 | &nbsp;&nbsp;&nbsp;&nbsp; 1747 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| STOXX 600 Utilities Index | 5 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 143025 | &nbsp;&nbsp;&nbsp;&nbsp; 22274 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| STOXX Europe 600 Bank Index | 4 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 73730 | &nbsp;&nbsp;&nbsp;&nbsp; 4989 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| STOXX Europe 600 Index | 66 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 2092860 | &nbsp;&nbsp;&nbsp;&nbsp; 124575 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| STOXX Europe 600 Index | 28 | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; 887880 | &nbsp;&nbsp;&nbsp;&nbsp; 76228 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Swedish Krona | 18 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3992400 | &nbsp;&nbsp;&nbsp;&nbsp; 62512 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Swiss Franc | 20 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3259625 | &nbsp;&nbsp;&nbsp;&nbsp; 54687 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Thai SET50 Index | 270 | 03/2026 | THB | &nbsp;&nbsp;&nbsp;&nbsp; 54739800 | &nbsp;&nbsp;&nbsp;&nbsp; 241174 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| TOPIX Index | 7 | 03/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 276815000 | &nbsp;&nbsp;&nbsp;&nbsp; 227692 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| TOPIX Index | 5 | 03/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 197725000 | &nbsp;&nbsp;&nbsp;&nbsp; 155404 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| TOPIX Index Mini | 18 | 03/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 71181000 | &nbsp;&nbsp;&nbsp;&nbsp; 50266 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Long Bond | 58 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 6871188 | &nbsp;&nbsp;&nbsp;&nbsp; 51248 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Long Bond | 15 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1777031 | &nbsp;&nbsp;&nbsp;&nbsp; 14969 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | 78 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 8877375 | &nbsp;&nbsp;&nbsp;&nbsp; 40159 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 10-Year Note | 31 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 3528188 | &nbsp;&nbsp;&nbsp;&nbsp; 23769 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 2-Year Note | 6 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1255641 | &nbsp;&nbsp;&nbsp;&nbsp; 2019 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | 230 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 25332344 | &nbsp;&nbsp;&nbsp;&nbsp; 125722 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury 5-Year Note | 81 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 8921391 | &nbsp;&nbsp;&nbsp;&nbsp; 37559 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra 10-Year Note | 45 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 5253047 | &nbsp;&nbsp;&nbsp;&nbsp; 41444 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra 10-Year Note | 19 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 2217953 | &nbsp;&nbsp;&nbsp;&nbsp; 16624 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond | 4 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 486375 | &nbsp;&nbsp;&nbsp;&nbsp; 5032 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Utilities Select Sector Index E-mini | 1 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 96290 | &nbsp;&nbsp;&nbsp;&nbsp; 3729 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Volatility Index | 6 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 126907 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1203)<br>|
| Wheat | 17 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 502775 | &nbsp;&nbsp;&nbsp;&nbsp; 12062 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WIG 20 Index | 35 | 03/2026 | PLN | &nbsp;&nbsp;&nbsp;&nbsp; 2408700 | &nbsp;&nbsp;&nbsp;&nbsp; 30340 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 3 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 201060 | &nbsp;&nbsp;&nbsp;&nbsp; 13157 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 26 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 1742520 | &nbsp;&nbsp;&nbsp;&nbsp; 47159 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 10 | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 670200 | &nbsp;&nbsp;&nbsp;&nbsp; 29713 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 1 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 66890 | &nbsp;&nbsp;&nbsp;&nbsp; 4259 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 7 | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 468230 | &nbsp;&nbsp;&nbsp;&nbsp; 31258 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 1 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 66560 | &nbsp;&nbsp;&nbsp;&nbsp; 4249 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 4 | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 266240 | &nbsp;&nbsp;&nbsp;&nbsp; 16993 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 6 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 397080 | &nbsp;&nbsp;&nbsp;&nbsp; 24480 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| WTI Crude | 8 | 11/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 509840 | &nbsp;&nbsp;&nbsp;&nbsp; 17956 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Yen Denominated Nikkei 225 Index | 7 | 03/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; 205397500 | &nbsp;&nbsp;&nbsp;&nbsp; 119539 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Zinc | 9 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 747394 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (14020)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 8267486 | &nbsp;&nbsp;&nbsp;&nbsp; (343606)<br>|

---

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

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| 1-Month SOFR | (10) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (4021363)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 819 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 30-Day Fed Funds | (1) | 01/2027 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (404137)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (418)<br>|
| 3-Month Euro Euribor | (61) | 06/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (14940425)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (171)<br>|
| 3-Month Lead | (2) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (97422)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 739 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Lead | (9) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (439151)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2492 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Lead | (2) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (97631)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 736 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Lead | (1) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (48837)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 184 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Lead | (1) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (48880)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 791 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Lead | (3) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (146673)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 865 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month Lead | (1) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (48913)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4)<br>|
| 3-Month Lead | (1) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (48999)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (15)<br>|
| 3-Month SOFR | (76) | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (18341650)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7716 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 3-Month SOFR | (8) | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1930700)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (420)<br>|
| 3-Month SOFR | (135) | 03/2027 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (32718938)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (35915)<br>|
| 90-Day AUD Bank Bill | (72) | 06/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; (71260260)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 31211 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 90-Day AUD Bank Bill | (14) | 12/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; (13852443)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6787 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 90-Day AUD Bank Bill | (2) | 03/2027 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; (1979065)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (88)<br>|
| Australian 10-Year Bond | (50) | 03/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; (5528616)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (43556)<br>|
| Australian 10-Year Bond | (69) | 03/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; (7629490)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (70589)<br>|
| Australian 3-Year Bond | (38) | 03/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; (3988739)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 427 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Australian 3-Year Bond | (74) | 03/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; (7767545)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3791)<br>|
| Australian 3-Year Bond | (169) | 03/2026 | AUD | &nbsp;&nbsp;&nbsp;&nbsp; (17739393)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (27488)<br>|
| Canadian Government 10-Year Bond | (5) | 06/2026 | CAD | &nbsp;&nbsp;&nbsp;&nbsp; (614200)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1580)<br>|
| Cocoa | (12) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (346560)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 69947 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cocoa | (7) | 05/2026 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; (143990)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7530 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cocoa | (3) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (86640)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7323 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cocoa | (2) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (58840)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 25566 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Cocoa | (2) | 07/2026 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; (42140)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13464 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Coffee | (3) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (315844)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12762 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Coffee | (2) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (210563)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (827)<br>|
| Coffee | (2) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (206925)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8583 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Corn | (47) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1053975)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (26138)<br>|
| Corn | (40) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (912000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3127)<br>|
| Corn | (38) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (866400)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (14526)<br>|
| Corn | (36) | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (820350)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (18805)<br>|
| Corn | (39) | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (915525)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11637)<br>|
| Cotton | (17) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (557685)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3700)<br>|
| Cotton | (29) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (951345)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (17863)<br>|
| Cotton | (8) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (269280)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3714)<br>|
| Crude Palm Oil | (7) | 04/2026 | MYR | &nbsp;&nbsp;&nbsp;&nbsp; (705250)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 700 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Crude Palm Oil | (12) | 05/2026 | MYR | &nbsp;&nbsp;&nbsp;&nbsp; (1212600)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1143 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Crude Palm Oil | (9) | 06/2026 | MYR | &nbsp;&nbsp;&nbsp;&nbsp; (910350)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 680 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-Bobl | (9) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (1057140)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6569)<br>|
| Euro-Bobl | (33) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (3876180)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (18176)<br>|
| Euro-BTP | (18) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (2211300)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (46959)<br>|
| Euro-Bund | (15) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (1953450)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12453)<br>|
| Euro-Bund | (12) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (1562760)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (25184)<br>|
| Euro-Buxl 30-Year | (5) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (569300)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (22876)<br>|
| Euro-Buxl 30-Year | (15) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (1707900)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (67632)<br>|
| Euro-OAT | (8) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (991360)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13315)<br>|
| Euro-Schatz | (30) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (3210900)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10739)<br>|
| Euro-Schatz | (198) | 03/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (21191940)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (41941)<br>|
| FCOJ-A | (1) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (27225)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (77)<br>|
| Hard Red Winter Wheat | (6) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (178050)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6818)<br>|
| ICE NYSE Fang + Index | (1) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (72438)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4105 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Indian Rupee | (69) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1513584)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4899 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Indian Rupee | (1) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (21936)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 69 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Indian Rupee Standard | (1) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (54810)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** | **Short futures contracts (continued)** |
| **Description** | **Number of**<br> **contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration**<br> **date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading**<br> **currency**<br>| &nbsp;&nbsp;&nbsp; **Notional**<br> **amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized**<br> **depreciation ($)**<br>|
| Japanese 10-Year Government Bond | (14) | 03/2026 | JPY | &nbsp;&nbsp;&nbsp;&nbsp; (1859200000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (113546)<br>|
| Japanese Yen | (58) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (4652688)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15932 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Japanese Yen | (1) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (80219)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 436 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Japanese Yen | (7) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (561531)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9028)<br>|
| Korea 3-Year Bond | (319) | 03/2026 | KRW | &nbsp;&nbsp;&nbsp;&nbsp; (33667260000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (101434)<br>|
| Long Gilt | (3) | 06/2026 | GBP | &nbsp;&nbsp;&nbsp;&nbsp; (281040)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5628)<br>|
| Lumber | (2) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (32038)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 346 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Milling Wheat | (83) | 05/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (836225)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (44767)<br>|
| Milling Wheat | (34) | 09/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (350200)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (18531)<br>|
| Milling Wheat | (12) | 12/2026 | EUR | &nbsp;&nbsp;&nbsp;&nbsp; (127050)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6960)<br>|
| Natural Gas | (7) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (200130)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9188 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Natural Gas | (7) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (200130)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7965 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Natural Gas | (5) | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (144050)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4892 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Natural Gas | (1) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (30630)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1278 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Natural Gas | (6) | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (207720)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15670 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Natural Gas E-mini | (7) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (50033)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1563 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Robusta Coffee | (3) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (108720)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4126 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Robusta Coffee | (4) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (142080)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3945 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Robusta Coffee | (2) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (71040)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (272)<br>|
| Rough Rice | (3) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (64470)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2163 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Rough Rice | (1) | 05/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (21490)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (862)<br>|
| SGX TSI Iron Ore China 62% | (4) | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (39344)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (122)<br>|
| SGX USD/CNH FX | (2) | 03/2026 | CNH | &nbsp;&nbsp;&nbsp;&nbsp; (1369940)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2576 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| South Korean Won | (3) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (52073)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (936)<br>|
| Soybean Meal | (23) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (742440)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10701)<br>|
| Sugar #11 | (66) | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1026749)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1853)<br>|
| Sugar #11 | (34) | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (528931)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9506)<br>|
| Sugar #11 | (6) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (93206)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1061 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Sugar #11 | (11) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (170878)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3384)<br>|
| Sugar #11 | (6) | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (95424)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 927 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Sugar #11 | (8) | 02/2027 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (133414)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2706)<br>|
| Technology Select Sector Index E-mini | (1) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (279990)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3769 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Dollar Index | (6) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (585390)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5049 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Dollar Index | (7) | 03/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (682955)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4471)<br>|
| U.S. Long Bond | (9) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1066219)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2966)<br>|
| U.S. Treasury 10-Year Note | (3) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (341438)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1504)<br>|
| U.S. Treasury 2-Year Note | (2) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (418547)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (644)<br>|
| U.S. Treasury 2-Year Note | (34) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (7115297)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (10130)<br>|
| U.S. Treasury Ultra 10-Year Note | (202) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (23580344)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (221305)<br>|
| U.S. Treasury Ultra Bond | (13) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (1580719)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (17389)<br>|
| U.S. Treasury Ultra Bond | (54) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (6566063)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (76888)<br>|
| Wheat | (11) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (329313)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (21079)<br>|
| Wheat | (22) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (658625)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (41937)<br>|
| Wheat | (4) | 09/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (121950)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (9209)<br>|
| Wheat | (15) | 12/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (470063)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (41158)<br>|
| White Sugar #5 | (13) | 04/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (265005)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6965 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| White Sugar #5 | (4) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (81140)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1585 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| White Sugar #5 | (1) | 07/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (20285)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (366)<br>|
| Yuan Offshore Renminbi | (2) | 03/2026 | CNH | &nbsp;&nbsp;&nbsp;&nbsp; (1370900)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3303 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 302331 | &nbsp;&nbsp;&nbsp;&nbsp; (1336393)<br>|

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Notes to Consolidated Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At February 28, 2026, the total value of these securities amounted to $152,921,506, which represents 24.61% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable rate security. The interest rate shown was the current rate as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of February 28, 2026.

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) Represents a security purchased on a when-issued basis.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Represents interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans.

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

&nbsp;&nbsp;&nbsp;&nbsp;(h) 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;(i) Non-income producing investment.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Perpetual security with no specified maturity date.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At February 28, 2026, the total value of these securities amounted to $276,820, which represents 0.04% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(l) Valuation based on significant unobservable inputs.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(o) 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 $276,312, which represents 0.04% 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 ($)** | **Value ($)** |
| Abiomed, Inc., CVR | 12/21/2022 | &nbsp;&nbsp; 15541 | &nbsp;&nbsp; — | &nbsp;&nbsp; 24866 |
| Albireo Pharma, Inc., CVR | 01/09/2023-01/23/2023 | &nbsp;&nbsp; 37853 | &nbsp;&nbsp; 80907 | &nbsp;&nbsp; 85169 |
| Concert Pharmaceuticals, Inc., CVR | 01/19/2023-03/02/2023 | &nbsp;&nbsp; 173147 | &nbsp;&nbsp; 63478 | &nbsp;&nbsp; 51944 |
| Resolute Forest Products, Inc. | 07/06/2022-12/29/2022 | &nbsp;&nbsp; 76222 | &nbsp;&nbsp; 101178 | &nbsp;&nbsp; 114333 |
|  |  |  | &nbsp;&nbsp; 245563 | &nbsp;&nbsp; 276312 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(p) The stated interest rate represents the weighted average interest rate at February 28, 2026 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan.

&nbsp;&nbsp;&nbsp;&nbsp;(q) Represents a security purchased on a forward commitment basis.

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

&nbsp;&nbsp;&nbsp;&nbsp;(s) 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% |
|  | 147484225 | &nbsp;&nbsp; 240829669 | &nbsp;&nbsp; (135267495)<br>| &nbsp;&nbsp; 28337 | &nbsp;&nbsp; 253074736 | &nbsp;&nbsp; (2070)<br>| &nbsp;&nbsp; 2701894 | &nbsp;&nbsp; 253125361 |

---

**Abbreviation Legend** 

BNY Bank of New York <br> CMO Collateralized Mortgage Obligation <br> CMT Constant Maturity Treasury

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Abbreviation Legend (continued)**

---

| | |
|:---|:---|
| CVR | Contingent Value Rights |
| EURIBOR | Euro Interbank Offered Rate |
| FHLMC | Federal Home Loan Mortgage Corporation |
| MTA | Monthly Treasury Average |
| NIBOR | Norwegian Interbank Offered Rate |
| SOFR | Secured Overnight Financing Rate |
| STRIPS | Separate Trading of Registered Interest and Principal Securities |
| TBA | To Be Announced |

---

**Currency Legend** 

---

| | |
|:---|:---|
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| CLP | Chilean Peso |
| CNH | Yuan Offshore Renminbi |
| COP | Colombian Peso |
| CZK | Czech Koruna |
| EUR | Euro |
| GBP | British Pound |
| HUF | Hungarian Forint |
| IDR | Indonesian Rupiah |
| ILS | Israeli Shekel |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| KRW | South Korean Won |
| MXN | Mexican Peso |
| MYR | Malaysian Ringgit |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| PHP | Philippine Peso |
| PLN | Polish Zloty |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |
| THB | Thai Baht |
| TRY | Turkish Lira |
| TWD | New Taiwan Dollar |
| USD | US Dollar |
| ZAR | South African Rand |

---

**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:

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

■

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** |  |  |  |  |
| Asset-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 24119497 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24119497 |
| Commercial Mortgage-Backed Securities - Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 1215866 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1215866 |
| Commercial Mortgage-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 29165493 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29165493 |
| Common Stocks |  |  |  |  |
| Health Care |  | &nbsp;&nbsp;&nbsp;&nbsp; 33496 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33496 |
| Materials |  | &nbsp;&nbsp;&nbsp;&nbsp; 66205 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 66205 |
| Real Estate |  | &nbsp;&nbsp;&nbsp;&nbsp; 298 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 298 |
| Total Common Stocks |  | &nbsp;&nbsp;&nbsp;&nbsp; 99999 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 99999 |
| Convertible Bonds |  | &nbsp;&nbsp;&nbsp;&nbsp; 2985911 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2985911 |
| Convertible Preferred Stocks |  |  |  |  |
| Industrials |  | &nbsp;&nbsp;&nbsp;&nbsp; 1198703 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1198703 |
| Information Technology |  | &nbsp;&nbsp;&nbsp;&nbsp; 1047602 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1047602 |
| Utilities |  | &nbsp;&nbsp;&nbsp;&nbsp; 1712046 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1712046 |
| Total Convertible Preferred Stocks |  | &nbsp;&nbsp;&nbsp;&nbsp; 3958351 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3958351 |
| Corporate Bonds & Notes |  | &nbsp;&nbsp;&nbsp;&nbsp; 117613802 | &nbsp;&nbsp;&nbsp;&nbsp; 508 | &nbsp;&nbsp;&nbsp;&nbsp; 117614310 |
| Foreign Government Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 39022110 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 39022110 |
| Municipal Bonds |  | &nbsp;&nbsp;&nbsp;&nbsp; 74810 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 74810 |
| Preferred Stocks |  |  |  |  |
| Financials | 4591955 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4591955 |
| Utilities |  | &nbsp;&nbsp;&nbsp;&nbsp; 417621 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 417621 |
| Total Preferred Stocks | 4591955 | &nbsp;&nbsp;&nbsp;&nbsp; 417621 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5009576 |
| Residential Mortgage-Backed Securities - Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 58911811 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 58911811 |
| Residential Mortgage-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 64737110 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 64737110 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| Rights |  |  |  |  |
| Health Care |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 161979 | &nbsp;&nbsp;&nbsp;&nbsp; 161979 |
| Materials |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 114333 | &nbsp;&nbsp;&nbsp;&nbsp; 114333 |
| Total Rights |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 276312 | &nbsp;&nbsp;&nbsp;&nbsp; 276312 |
| Senior Loans |  | &nbsp;&nbsp;&nbsp;&nbsp; 15552179 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15552179 |
| Treasury Bills |  | &nbsp;&nbsp;&nbsp;&nbsp; 2417540 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2417540 |
| U.S. Treasury Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 5990478 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5990478 |
| Money Market Funds | 253074736 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 253074736 |
| Total Investments in Securities | 257666691 | &nbsp;&nbsp;&nbsp;&nbsp; 366282578 | &nbsp;&nbsp;&nbsp;&nbsp; 276820 | &nbsp;&nbsp;&nbsp;&nbsp; 624226089 |
| **Investments in Derivatives** |  |  |  |  |
| Asset |  |  |  |  |
| Forward Foreign Currency Exchange Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; 1454289 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1454289 |
| Futures Contracts | 8569817 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8569817 |
| Liability |  |  |  |  |
| Forward Foreign Currency Exchange Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; (1854968)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1854968)<br>|
| Futures Contracts | (1679999)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1679999)<br>|
| Total | 264556509 | &nbsp;&nbsp;&nbsp;&nbsp; 365881899 | &nbsp;&nbsp;&nbsp;&nbsp; 276820 | &nbsp;&nbsp;&nbsp;&nbsp; 630715228 |

---

See the Consolidated 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.

Derivative instruments are valued at unrealized appreciation (depreciation).

The Fund does not hold any significant investments (greater than one percent of net assets) categorized as Level 3.

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated 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 $365,857,756) | $371151354 |
| Affiliated issuers (cost $253,052,045) | 253074736 |
| Cash | 32103 |
| Foreign currency (cost $970,854) | 968810 |
| Cash collateral held at broker for: |  |
| Forward foreign currency exchange contracts | 2850000 |
| Margin deposits on: |  |
| Futures contracts | 15195167 |
| Unrealized appreciation on forward foreign currency exchange contracts | 1454289 |
| Receivable for: |  |
| Investments sold | 2911322 |
| Investments sold on a delayed delivery basis  | 1692928 |
| Capital shares sold | 368580 |
| Dividends | 456015 |
| Interest | 3344188 |
| Foreign tax reclaims | 36715 |
| Variation margin for futures contracts | 1434690 |
| Prepaid expenses | 2251 |
| Deferred compensation of board members | 143846 |
| Other assets | 8300 |
| Total assets | 655125294 |
| **Liabilities** |  |
| Unrealized depreciation on forward foreign currency exchange contracts | 1854968 |
| Payable for: |  |
| Investments purchased | 2815591 |
| Investments purchased on a delayed delivery basis | 27422273 |
| Capital shares redeemed | 419949 |
| Variation margin for futures contracts | 1010586 |
| Foreign capital gains taxes deferred | 5327 |
| Management services fees | 18545 |
| Transfer agent fees | 41775 |
| Compensation of chief compliance officer | 40 |
| Compensation of board members | 1404 |
| Other expenses | 51256 |
| Deferred compensation of board members | 181535 |
| Total liabilities | 33823249 |
| **Net assets applicable to outstanding capital stock** | **$621302045** |
| **Represented by** |  |
| Paid in capital | 688875886 |
| Total distributable earnings (loss) | (67573841)<br>|
| **Total - representing net assets applicable to outstanding capital stock** | **$621302045** |
| **Institutional Class** |  |
| Net assets | $621302045 |
| Shares outstanding | 65395220 |
| Net asset value per share | $9.50 |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated 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 | $174129 |
| Dividends — affiliated issuers | 2701894 |
| Interest | 10005792 |
| Interfund lending | 112 |
| Foreign taxes withheld | (52858)<br>|
| Total income | 12829069 |
| Expenses: |  |
| Management services fees | 2784881 |
| Transfer agent fees |  |
| Institutional Class | 262196 |
| Custodian fees | 40684 |
| Printing and postage fees | 23236 |
| Registration fees | 22620 |
| Accounting services fees | 26732 |
| Legal fees | 12220 |
| Compensation of chief compliance officer | 40 |
| Compensation of board members | 8048 |
| Deferred compensation of board members | 5497 |
| Other | 9476 |
| Total expenses | 3195630 |
| **Net investment income** | 9633439 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 958094 |
| Investments — affiliated issuers | (2070)<br>|
| Foreign currency translations | 351482 |
| Forward foreign currency exchange contracts | 5276492 |
| Futures contracts | 12837447 |
| Net realized gain | 19421445 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 3357525 |
| Investments — affiliated issuers | 28337 |
| Foreign currency translations | 30952 |
| Forward foreign currency exchange contracts | (1346291)<br>|
| Futures contracts | 3878744 |
| Foreign capital gains tax | 7963 |
| Net change in unrealized appreciation (depreciation) | 5957230 |
| Net realized and unrealized gain | 25378675 |
| **Net increase in net assets resulting from operations** | **$35012114** |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated 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 | $9633439 | &nbsp;&nbsp; $19268788 |
| Net realized gain (loss) | 19421445 | &nbsp;&nbsp; (22039518)<br>|
| Net change in unrealized appreciation (depreciation) | 5957230 | &nbsp;&nbsp; 4392342 |
| Net increase in net assets resulting from operations | 35012114 | &nbsp;&nbsp; 1621612 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Institutional Class | (15721526)<br>| &nbsp;&nbsp; (10000535)<br>|
| Total distributions to shareholders | (15721526)<br>| &nbsp;&nbsp; (10000535)<br>|
| Increase in net assets from capital stock activity | 100056033 | &nbsp;&nbsp; 33615933 |
| Total increase in net assets | 119346621 | &nbsp;&nbsp; 25237010 |
| Net assets at beginning of period | 501955424 | &nbsp;&nbsp; 476718414 |
| **Net assets at end of period** | **$621302045** | &nbsp;&nbsp; **$501955424** |

---

&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** |
| Institutional Class |  |  |  |  |
| Shares sold | 13819833 | &nbsp;&nbsp;&nbsp;&nbsp; 130283679 | &nbsp;&nbsp;&nbsp;&nbsp; 13169569 | &nbsp;&nbsp;&nbsp;&nbsp; 119721156 |
| Distributions reinvested | 1721963 | &nbsp;&nbsp;&nbsp;&nbsp; 15721526 | &nbsp;&nbsp;&nbsp;&nbsp; 1096550 | &nbsp;&nbsp;&nbsp;&nbsp; 10000535 |
| Shares redeemed | (4926528)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (45949172)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10587782)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (96105758)<br>|
| Net increase | 10615268 | &nbsp;&nbsp;&nbsp;&nbsp; 100056033 | &nbsp;&nbsp;&nbsp;&nbsp; 3678337 | &nbsp;&nbsp;&nbsp;&nbsp; 33615933 |
| **Total net increase** | **10615268** | &nbsp;&nbsp;&nbsp;&nbsp; **100056033** | &nbsp;&nbsp;&nbsp;&nbsp; **3678337** | &nbsp;&nbsp;&nbsp;&nbsp; **33615933** |

---

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Consolidated 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%.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Institutional Class** | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** |
| **Institutional Class** | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Per share data** |  |  |  |  |  |  |
| Net asset value, beginning of period | $9.16 | &nbsp;&nbsp;&nbsp; $9.33 | &nbsp;&nbsp;&nbsp; $9.19 | &nbsp;&nbsp;&nbsp; $9.79 | &nbsp;&nbsp;&nbsp; $9.68 | &nbsp;&nbsp;&nbsp; $9.38 |
| **Income from investment operations:** |  |  |  |  |  |  |
| Net investment income | 0.18 | &nbsp;&nbsp;&nbsp;&nbsp;0.37 | &nbsp;&nbsp;&nbsp;&nbsp;0.38 | &nbsp;&nbsp;&nbsp;&nbsp; 0.26 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;0.05 | &nbsp;&nbsp;&nbsp;&nbsp;0.02 |
| Net realized and unrealized gain (loss) | 0.45 | &nbsp;&nbsp;&nbsp; (0.35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.00 <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; (0.16)<br>| &nbsp;&nbsp;&nbsp;&nbsp;0.20 | &nbsp;&nbsp;&nbsp;&nbsp;0.36 |
| Total from investment operations | 0.63 | &nbsp;&nbsp;&nbsp;&nbsp;0.02 | &nbsp;&nbsp;&nbsp;&nbsp;0.38 | &nbsp;&nbsp;&nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;&nbsp;0.25 | &nbsp;&nbsp;&nbsp;&nbsp;0.38 |
| **Distributions to shareholders** |  |  |  |  |  |  |
| Distributions from net investment income | (0.29)<br>| &nbsp;&nbsp;&nbsp; (0.19)<br>| &nbsp;&nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp;&nbsp; (0.67)<br>| &nbsp;&nbsp;&nbsp; (0.14)<br>| &nbsp;&nbsp;&nbsp; (0.08)<br>|
| Distributions from net realized gains |  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.03)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Total distributions to shareholders | (0.29)<br>| &nbsp;&nbsp;&nbsp; (0.19)<br>| &nbsp;&nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp;&nbsp; (0.70)<br>| &nbsp;&nbsp;&nbsp; (0.14)<br>| &nbsp;&nbsp;&nbsp; (0.08)<br>|
| Net asset value, end of period | $9.50 | &nbsp;&nbsp;&nbsp; $9.16 | &nbsp;&nbsp;&nbsp; $9.33 | &nbsp;&nbsp;&nbsp; $9.19 | &nbsp;&nbsp;&nbsp; $9.79 | &nbsp;&nbsp;&nbsp; $9.68 |
| Total return | 7.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.24<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.18<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.12<br> %<br>|
| **Ratios to average net assets** |  |  |  |  |  |  |
| Total gross expenses<sup>(c)</sup> <br>| 1.26<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.28 %<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.30 %<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.31 %<sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.31 %<sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.36 %<sup>(d),(e)</sup><br>|
| Total net expenses<sup>(c),(f)</sup> <br>| 1.26<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.28 %<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.30 %<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.31 %<sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.31 %<sup>(d),(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.36 %<sup>(d),(e)</sup><br>|
| Net investment income  | 3.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.15<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.75 %<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.47<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.23<br> %<br>|
| **Supplemental data** |  |  |  |  |  |  |
| Net assets, end of period (in thousands) | $621302 | &nbsp;&nbsp;&nbsp; $501955 | &nbsp;&nbsp;&nbsp; $476718 | &nbsp;&nbsp;&nbsp; $438415 | &nbsp;&nbsp;&nbsp; $534369 | &nbsp;&nbsp;&nbsp; $524920 |
| Portfolio turnover | 74<br> %<br>| &nbsp;&nbsp;&nbsp; 126<br> %<br>| &nbsp;&nbsp;&nbsp; 141<br> %<br>| &nbsp;&nbsp;&nbsp; 200<br> %<br>| &nbsp;&nbsp;&nbsp; 171<br> %<br>| &nbsp;&nbsp;&nbsp; 203<br> %<br>|

---

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

---

| | |
|:---|:---|
| **Notes to Consolidated Financial Highlights** | **Notes to Consolidated Financial Highlights** |
| (a) | Includes income resulting from special dividends. The effect of these amounted to: |

---

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

---

| | | |
|:---|:---|:---|
| **Class**  | **Net investment income per share ($)** | **Net investment income ratio (%)** |
| **Year Ended 8/31/2023** |  |  |
| Institutional Class | 0.01 | 0.08 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) 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 Consolidated 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.

&nbsp;&nbsp;&nbsp;&nbsp;(c) 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.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Ratios include interest on collateral expense which is less than 0.01%.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Ratios include dividends and interest on securities sold short. If dividends and interest on securities sold short had been excluded, annualized 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** |
| Institutional Class | —% | &nbsp;&nbsp; —% | &nbsp;&nbsp; —% | &nbsp;&nbsp; 0.03% | &nbsp;&nbsp; 0.04% | &nbsp;&nbsp; 0.10% |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.

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

Multi-Manager Alternative Strategies Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

Notes to Consolidated Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Multi-Manager Alternative Strategies Fund (the Fund), a series of Columbia Funds Series Trust I (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.

**Basis for consolidation**

ASGM Offshore Fund, Ltd. and ASMF Offshore Fund, Ltd. (each, a Subsidiary) are each a Cayman Islands exempted company and wholly-owned subsidiary of the Fund. Each Subsidiary acts as an investment vehicle in order to effect certain investment strategies consistent with the Fund's investment objective and policies as stated in its current prospectus and statement of additional information. In accordance with the Memorandum and Articles of Association of the Subsidiary (the Articles), the Fund owns the sole issued share of each Subsidiary and retains all rights associated with such share, including the right to receive notice of, attend and vote at general meetings of the Subsidiaries, rights in a winding-up or repayment of capital and the right to participate in the profits or assets of the Subsidiaries. The consolidated financial statements (financial statements) include the accounts of the consolidated Fund and each respective Subsidiary. Subsequent references to the Fund within the Notes to Consolidated Financial Statements collectively refer to the Fund and each Subsidiary. All intercompany transactions and balances have been eliminated in the consolidation process.

At February 28, 2026, each Subsidiary's financial statement information is as follows:

---

| | | |
|:---|:---|:---|
|  | **ASGM Offshore Fund, Ltd.** | **ASMF Offshore Fund, Ltd.** |
| % of consolidated fund net assets | 0.93<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.40<br> %<br>|
| Net assets | $5799819 | &nbsp;&nbsp;&nbsp;&nbsp; $14895222 |
| Net investment income (loss)  | 53085 | &nbsp;&nbsp;&nbsp;&nbsp; 163225 |
| Net realized gain (loss)  | 2079209 | &nbsp;&nbsp;&nbsp;&nbsp; 4709400 |
| Net change in unrealized appreciation (depreciation) | 623231 | &nbsp;&nbsp;&nbsp;&nbsp; (517993)<br>|

---

The financial statements present the portfolio holdings, financial position and results of operations of the Fund and the Subsidiaries on a consolidated basis.

**Fund shares**

The Trust may issue an unlimited number of shares (without par value). The Fund is offered only through certain wrap fee programs sponsored and/or managed by Ameriprise Financial, Inc. (Ameriprise Financial) or its affiliates, and to group retirement plan recordkeeping platforms that have an agreement with (i) Columbia Management Investment Distributors, Inc. or an affiliate thereof that specifically authorizes the group retirement plan recordkeeper to offer and/or service Institutional 3 Class shares within such platform, provided also that Fund shares are held in an omnibus account and (ii) Wilshire Associates, appointed or serving as investment manager or consultant to the recordkeeper's group retirement platform. The Fund does not currently offer Institutional 3 Class shares. The Fund offers the share class listed in the Consolidated Statement of Assets and Liabilities which is not subject to any front-end sales charge or contingent deferred sales charge.

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.

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated Financial Statements (continued)

February 28, 2026 (Unaudited)

**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.

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.

Asset- and mortgage-backed securities are generally valued by pricing services, which utilize pricing models that incorporate the securities' cash flow and loan performance data. These models also take into account available market data, including trades, market quotations, and benchmark yield curves for identical or similar securities. Factors used to identify similar securities may include, but are not limited to, issuer, collateral type, vintage, prepayment speeds, collateral performance, credit ratings, credit enhancement and expected life. Asset-backed securities for which quotations are readily available may also be valued based upon an over-the-counter or exchange 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.

Senior loan securities for which reliable market quotations are readily available are generally valued by pricing services at the average of the bids received.

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.

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated Financial Statements (continued)

February 28, 2026 (Unaudited)

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

Futures and options on futures contracts are valued based upon the settlement price at the close of regular trading on their principal exchanges or, in the absence of a settlement price, at the mean of the latest quoted bid and ask prices.

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 Consolidated 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 Consolidated 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 Consolidated 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

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated 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 Consolidated 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.

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated 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 Consolidated Statement of Assets and Liabilities.

**Futures contracts**

Futures contracts are exchange-traded and represent commitments for the future purchase or sale of an asset at a specified price on a specified date. The Fund bought and sold futures contracts to manage its exposure to the securities markets or to movements in interest rates and currency values. A Fund invests in futures contracts as part of its primary investment strategy and/or to equitize its cash flows. Investments in futures contracts may increase or decrease exposure to a particular market. These instruments may be used for other purposes in future periods. Upon entering into futures contracts, the Fund bears risks that it may not achieve the anticipated benefits of the futures contracts and may realize a loss. Additional risks include counterparty credit risk, the possibility of an illiquid market, and that a change in the value of the contract or option may not correlate with changes in the value of the underlying asset.

Upon entering into a futures contract, the Fund deposits cash or securities with the broker, known as a futures commission merchant (FCM), in an amount sufficient to meet the initial margin requirement. The initial margin deposit must be maintained at an established level over the life of the contract. Cash deposited as initial margin is recorded in the Consolidated Statement of Assets and Liabilities as margin deposits. Securities deposited as initial margin are designated in the Consolidated Portfolio of Investments. Subsequent payments (variation margin) are made or received by the Fund each day. The variation margin payments are equal to the daily change in the contract value and are recorded as variation margin receivable or payable and are offset in unrealized gains or losses. The Fund generally expects to earn interest income on its margin deposits. The Fund recognizes a realized gain or loss when the contract is closed or expires. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed in the Consolidated 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 Consolidated Statement of Assets and Liabilities; and the impact of derivative transactions over the period in the Consolidated Statement of Operations, including realized and unrealized gains (losses). The derivative instrument schedules following the Consolidated Portfolio of Investments present additional information regarding derivative instruments outstanding at the end of the period, if any.

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated Financial Statements (continued)

February 28, 2026 (Unaudited)

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:

---

| | | |
|:---|:---|:---|
|  | **Asset derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Consolidated statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Equity risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 4,207,715<br> \*<br>|
| Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp; 1454289 |
| Foreign exchange risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 1,450,153<br> \*<br>|
| Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 1,001,054<br> \*<br>|
| Commodity-related investment risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 1,910,895<br> \*<br>|
| Total |  | &nbsp;&nbsp;&nbsp;&nbsp; 10024106 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Liability derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Consolidated statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Equity risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 148,213<br> \*<br>|
| Foreign exchange risk | Unrealized depreciation on forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp; 1854968 |
| Foreign exchange risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 103,604<br> \*<br>|
| Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 1,003,002<br> \*<br>|
| Commodity-related investment risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 425,180<br> \*<br>|
| Total |  | &nbsp;&nbsp;&nbsp;&nbsp; 3534967 |

---

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

\* Includes cumulative appreciation (depreciation) as reported in the tables following the Consolidated Portfolio of Investments. Only the current day's variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Consolidated Statement of Assets and Liabilities.

The following table indicates the effect of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in the Consolidated 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** | **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>**($)**<br>| &nbsp;&nbsp;&nbsp; **Futures** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**($)**<br>|
| Commodity-related investment risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6814953 | &nbsp;&nbsp;&nbsp;&nbsp; 6814953 |
| Equity risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9118445 | &nbsp;&nbsp;&nbsp;&nbsp; 9118445 |
| Foreign exchange risk | &nbsp;&nbsp; 5276492 | &nbsp;&nbsp;&nbsp;&nbsp; 157639 | &nbsp;&nbsp;&nbsp;&nbsp; 5434131 |
| Interest rate risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3253590)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (3253590)<br>|
| Total | &nbsp;&nbsp; 5276492 | &nbsp;&nbsp;&nbsp;&nbsp; 12837447 | &nbsp;&nbsp;&nbsp;&nbsp; 18113939 |
| **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** |
| **Risk exposure category** | **Forward** <br>**foreign** <br>**currency** <br>**exchange** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Futures** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**($)**<br>|
| Commodity-related investment risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 110945 | &nbsp;&nbsp;&nbsp;&nbsp; 110945 |
| Equity risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2555260 | &nbsp;&nbsp;&nbsp;&nbsp; 2555260 |
| Foreign exchange risk | &nbsp;&nbsp; (1346291)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1195921 | &nbsp;&nbsp;&nbsp;&nbsp; (150370)<br>|
| Interest rate risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 16618 | &nbsp;&nbsp;&nbsp;&nbsp; 16618 |
| Total | &nbsp;&nbsp; (1346291)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3878744 | &nbsp;&nbsp;&nbsp;&nbsp; 2532453 |

---

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated Financial Statements (continued)

February 28, 2026 (Unaudited)

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 notional** <br>**amounts ($)**<br>|
| Futures contracts — long | 414393568 |
| Futures contracts — short | 389077291 |

---

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

---

| | | |
|:---|:---|:---|
| **Derivative instrument** | **Average unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Average unrealized** <br>**depreciation ($)**<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; 2033074 | &nbsp;&nbsp;&nbsp;&nbsp; (1645650)<br>|

---

**Investments in senior loans** 

The Fund may invest in senior loan assignments. When the Fund purchases an assignment of a senior loan, the Fund typically has direct rights against the borrower; provided, however, that the Fund's rights may be more limited than the lender from which it acquired the assignment and the Fund may be able to enforce its rights only through an administrative agent. Although certain senior loan assignments are secured by collateral, the Fund could experience delays or limitations in realizing such collateral or have its interest subordinated to other indebtedness of the obligor. In the event that the administrator or collateral agent of a loan becomes insolvent or enters into receivership or bankruptcy, the Fund may incur costs and delays in realizing payment or may suffer a loss of principal and/or interest. The risk of loss is greater for unsecured or subordinated loans. In addition, senior loan assignments are vulnerable to market, economic or other conditions or events that may reduce the demand for senior loan assignments and certain senior loan assignments which were liquid when purchased, may become illiquid.

The Fund may enter into senior loan assignments where all or a portion of the loan may be unfunded. The Fund is obligated to fund these commitments at the borrower's discretion. These commitments, if any, are generally traded and priced in the same manner as other senior loan securities and are disclosed as unfunded senior loan commitments in the Fund's Consolidated Portfolio of Investments with a corresponding payable for investments purchased on a delayed delivery basis. The Fund designates cash or liquid securities to cover these commitments.

**Asset- and mortgage-backed securities** 

The Fund may invest in asset-backed and mortgage-backed securities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. All, or a portion, of the obligation may be prepaid at any time because the underlying asset may be prepaid. As a result, decreasing market interest rates could result in an increased level of prepayment. An increased prepayment rate will have the effect of shortening the maturity of the security. Unless otherwise noted, the coupon rates presented are fixed rates.

**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.

**To be announced securities** 

The Fund may trade securities on a To Be Announced (TBA) basis. As with other delayed-delivery transactions, a seller agrees to issue a TBA security at a future date. However, the seller does not specify the particular securities to be delivered. Instead, the Fund agrees to accept any security that meets specified terms.

In some cases, Master Securities Forward Transaction Agreements (MSFTAs) may be used to govern transactions of certain forward-settling agency mortgage-backed securities, such as delayed-delivery and TBAs, between the Fund and counterparty. The MSFTA maintains provisions for, among other things, initiation and confirmation, payment and transfer, events of default, termination, and maintenance of collateral relating to such transactions.

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated Financial Statements (continued)

February 28, 2026 (Unaudited)

**Mortgage dollar roll transactions**

The Fund may enter into mortgage "dollar rolls" in which the Fund sells securities for delivery in the current month and simultaneously contracts with the same counterparty to repurchase similar but not identical securities (same type, coupon and maturity) on a specified future date. These transactions may increase the Fund's portfolio turnover rate. During the roll period, the Fund loses the right to receive principal and interest paid on the securities sold. However, the Fund may benefit because it receives negotiated amounts in the form of reductions of the purchase price for the future purchase plus the interest earned on the cash proceeds of the securities sold until the settlement date of the forward purchase. The Fund records the incremental difference between the forward purchase and sale of each forward roll as a realized gain or loss. Unless any realized gains exceed the income, capital appreciation, and gain or loss due to mortgage prepayments that would have been realized on the securities sold as part of the mortgage dollar roll, the use of this technique may diminish the investment performance of the Fund compared to what the performance would have been without the use of mortgage dollar rolls. Mortgage dollar rolls involve the risk that the market value of the securities the Fund is obligated to repurchase may decline below the repurchase price, or that the counterparty may default on its obligations. All cash proceeds will be invested in instruments that are permissible investments for the Fund. The Fund identifies cash or liquid securities in an amount equal to the forward purchase price. The Fund does not currently enter into mortgage dollar rolls that are accounted for as financing transactions.

**Interest only and principal only securities** 

The Fund may invest in Interest Only (IO) or Principal Only (PO) securities. IOs are stripped securities entitled to receive all of the security's interest, but none of its principal. IOs are particularly sensitive to changes in interest rates and therefore subject to greater fluctuations in price than typical interest bearing debt securities. IOs are also subject to credit risk because the Fund may not receive all or part of the interest payments if the issuer, obligor, guarantor or counterparty defaults on its obligation. Payments received for IOs are included in interest income in the Consolidated Statement of Operations. Because no principal will be received at the maturity of an IO, adjustments are made to the cost of the security on a monthly basis until maturity. These adjustments are included in interest income in the Consolidated Statement of Operations. POs are stripped securities entitled to receive the principal from the underlying obligation, but not the interest. POs are particularly sensitive to changes in interest rates and therefore are subject to fluctuations in price. POs are also subject to credit risk because the Fund may not receive all or part of its principal if the issuer, obligor, guarantor or counterparty defaults on its obligation. The Fund may also invest in IO or PO stripped mortgage-backed securities. Payments received for POs are treated as reductions to the cost and par value of the securities.

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated 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:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **ANZ** <br>**Securities**<br>| **Barclays** | **BNY** <br>**Capital** <br>**Markets**<br>| **CIBC** | **Citadel** <br>**Securities LLC**<br>| **Citi**<sup>(a)</sup> <br>| **Citi**<sup>(a)</sup> <br>| **Deutsche** <br>**Bank**<br>| **Goldman** <br>**Sachs**<sup>(a)</sup> <br>| **Goldman** <br>**Sachs**<sup>(a)</sup> <br>|
| **Assets** |  |  |  |  |  |  |  |  |  |  |
| Forward foreign currency exchange contracts | $&nbsp;&nbsp; 7347<br>| &nbsp;&nbsp; 49609<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 1637 | &nbsp;&nbsp; - | &nbsp;&nbsp; 14064<br>| &nbsp;&nbsp; 96596<br>| &nbsp;&nbsp; 62306<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 4207<br>|
| **Liabilities** |  |  |  |  |  |  |  |  |  |  |
| Forward foreign currency exchange contracts | $&nbsp;&nbsp; -<br>| &nbsp;&nbsp; 183413<br>| &nbsp;&nbsp; 9180<br>| &nbsp;&nbsp; - | &nbsp;&nbsp; 6629 | &nbsp;&nbsp; 5803<br>| &nbsp;&nbsp; 116102<br>| &nbsp;&nbsp; 85369<br>| &nbsp;&nbsp; 112630<br>| &nbsp;&nbsp; 138240<br>|
| **Total financial and derivative net assets** | &nbsp;&nbsp; **7347**<br>| &nbsp;&nbsp; **(133804)**<br>| &nbsp;&nbsp; **(9180)**<br>| &nbsp;&nbsp; **1637** | &nbsp;&nbsp; **(6629)**<br>| &nbsp;&nbsp; **8261**<br>| &nbsp;&nbsp; **(19506)**<br>| &nbsp;&nbsp; **(23063)**<br>| &nbsp;&nbsp; **(112630)**<br>| &nbsp;&nbsp; **(134033)**<br>|
| Total collateral received (pledged) <sup>(b)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>|
| **Net amount** <sup>(c)</sup> <br>| $&nbsp;&nbsp; **7347**<br>| &nbsp;&nbsp; **(133804)**<br>| &nbsp;&nbsp; **(9180)**<br>| &nbsp;&nbsp; **1637** | &nbsp;&nbsp; **(6629)**<br>| &nbsp;&nbsp; **8261**<br>| &nbsp;&nbsp; **(19506)**<br>| &nbsp;&nbsp; **(23063)**<br>| &nbsp;&nbsp; **(112630)**<br>| &nbsp;&nbsp; **(134033)**<br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Exposure can only be netted across transactions governed under the same master agreement with the same legal entity.

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

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

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated Financial Statements (continued)

February 28, 2026 (Unaudited)

**Offsetting of assets and liabilities (continued)** 

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

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

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **HSBC** | **JPMorgan**<sup>(a)</sup> <br>| **JPMorgan**<sup>(a)</sup> <br>| **JPMorgan**<sup>(a)</sup> <br>| **Morgan** <br>**Stanley**<br>| **Royal Bank** <br>**of** <br>**Canada**<br>| **Standard** <br>**Chartered**<br>| **State** <br>**Street**<br>| **UBS** | **Total** |
| **Assets** |  |  |  |  |  |  |  |  |  |  |
| Forward foreign currency exchange <br> contracts<br>| $&nbsp;&nbsp; 53302<br>| &nbsp;&nbsp; 70548<br>| &nbsp;&nbsp; 678069<br>| &nbsp;&nbsp; 3840<br>| &nbsp;&nbsp; 153650<br>| &nbsp;&nbsp; 73348<br>| &nbsp;&nbsp; 75029<br>| &nbsp;&nbsp; 52564<br>| &nbsp;&nbsp; 58173<br>| &nbsp;&nbsp; 1454289<br>|
| **Liabilities** |  |  |  |  |  |  |  |  |  |  |
| Forward foreign currency exchange <br> contracts<br>| $&nbsp;&nbsp; 1361<br>| &nbsp;&nbsp; 127608<br>| &nbsp;&nbsp; 470066<br>| &nbsp;&nbsp; 2542<br>| &nbsp;&nbsp; 46063<br>| &nbsp;&nbsp; 65568<br>| &nbsp;&nbsp; 143115<br>| &nbsp;&nbsp; 37213<br>| &nbsp;&nbsp; 304066<br>| &nbsp;&nbsp; 1854968<br>|
| **Total financial and derivative net** <br> **assets**<br>| &nbsp;&nbsp; **51941**<br>| &nbsp;&nbsp; **(57060)**<br>| &nbsp;&nbsp; **208003**<br>| &nbsp;&nbsp; **1298**<br>| &nbsp;&nbsp; **107587**<br>| &nbsp;&nbsp; **7780**<br>| &nbsp;&nbsp; **(68086)**<br>| &nbsp;&nbsp; **15351**<br>| &nbsp;&nbsp; **(245893)**<br>| &nbsp;&nbsp; **(400679)**<br>|
| Total collateral received (pledged) <br> <sup>(b)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>|
| **Net amount** <sup>(c)</sup> <br>| $&nbsp;&nbsp; **51941**<br>| &nbsp;&nbsp; **(57060)**<br>| &nbsp;&nbsp; **208003**<br>| &nbsp;&nbsp; **1298**<br>| &nbsp;&nbsp; **107587**<br>| &nbsp;&nbsp; **7780**<br>| &nbsp;&nbsp; **(68086)**<br>| &nbsp;&nbsp; **15351**<br>| &nbsp;&nbsp; **(245893)**<br>| &nbsp;&nbsp; **(400679)**<br>|

---

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated Financial Statements (continued)

February 28, 2026 (Unaudited)

**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.

The trade date for senior loans purchased in the primary market is the date on which the loan is allocated. The trade date for senior loans purchased in the secondary market is the date on which the transaction is entered into.

**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 classifies gains and losses realized on prepayments received on mortgage-backed securities as adjustments to interest income. 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.

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.

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.

The Fund may receive other income from senior loans, including amendment fees, consent fees and commitment fees. These fees are recorded as income when received by the Fund. These amounts are included in Interest Income in the Consolidated Statement of Operations.

**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 Consolidated 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.

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated 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 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 Consolidated 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.

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 subadvisers (see Subadvisory agreements below) have 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 1.10% to 0.95% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 1.10% of the Fund's average daily net assets.

**Subadvisory agreements**

The Investment Manager has entered into Subadvisory Agreements with AlphaSimplex Group, LLC, Crabel Capital Management, LLC, Manulife Investment Management (US) LLC and TCW Investment Management Company LLC, each of which subadvises a portion of the assets of the Fund. Effective March 5, 2026, the Investment Manager has entered into a Subadvisory Agreement with MidOcean Credit Fund Management, L.P. to serve as a subadviser to a portion of the assets of the Fund. New investments in the Fund, net of any redemptions, are allocated in accordance with the Investment Manager's determination. Each subadviser's proportionate share of investments in the Fund will vary due to market fluctuations. The Investment Manager compensates each subadviser to manage the investment of the Fund's assets.

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated 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 Consolidated 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 Consolidated 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 Consolidated 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 rate as a percentage of average daily net assets was as follows:

---

| | |
|:---|:---|
|  | **Effective rate (%)** |
| Institutional Class | 0.10 |

---

**Distribution and service fees**

The Fund has 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 Fund does not pay the Distributor a fee for the distribution services it provides to the Fund.

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated 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>|
| 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;1.37 |

---

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>|
| 618910000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21427000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9622000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11805000 |

---

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 ($)** |
| (1230032)<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; (35083389)<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; (36313421)<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.

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated 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 $273,692,984 and $274,607,792, respectively, for the six months ended February 28, 2026, of which $174,038,910 and $199,974,979, respectively, were U.S. government securities. The amount of purchase and sale activity impacts the portfolio turnover rate reported in the Consolidated Financial Highlights.

Brokerage commissions paid to brokers affiliated with the Investment Manager of the Fund were $2,523 for the six months ended February 28, 2026.

Note 6. Affiliated money market fund

The Fund invests significantly 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 Consolidated 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'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 | 450000 | &nbsp;&nbsp;&nbsp;&nbsp;4.38 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |

---

Interest income earned by the Fund is recorded as Interfund lending in the Consolidated 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 Consolidated 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

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated Financial Statements (continued)

February 28, 2026 (Unaudited)

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 100.0% 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 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.

Multi-Manager Alternative Strategies Fund \| 2026

------

Notes to Consolidated Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

Multi-Manager Alternative Strategies Fund \| 2026

------

Approval of Subadvisory Agreement

(Unaudited)

Columbia Management Investment Advisers, LLC (the Investment Manager, and together with its domestic and global affiliates, Columbia Threadneedle Investments), a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial), serves as the investment manager to Multi-Manager Alternative Strategies Fund (the Fund). Under a management agreement (the Management Agreement), the Investment Manager provides investment advice and other services to the Fund and other funds distributed by Columbia Management Investment Distributors, Inc. (collectively, the Funds). In addition, under a Subadvisory Agreement (the Existing TCW Subadvisory Agreement) between the Investment Manager and TCW Investment Management Company LLC (TCW or the Subadviser), the Subadviser provides portfolio management and related services for the Fund. At their meeting on December 9, 2025, the Fund's Board of Trustees (the Board), including the independent Board members (the Independent Trustees), approved an amended and restated Subadvisory Agreement (the Amended and Restated Subadvisory Agreement) for the purpose of combining separate existing subadvisory agreements between the Investment Manager and the Subadviser (the Existing TCW Subadvisory Agreements) with respect to certain Funds subadvised by the Subadviser, including the Fund (the TCW Funds), and for the purpose of reducing the fees payable thereunder by the Investment Manager to the Subadviser with respect to the Fund. The Independent Trustees considered that the assets of the TCW Funds would be combined under the Amended and Restated Subadvisory Agreement for purposes of calculating each TCW Fund's subadvisory fee.

The Independent Trustees considered the differences between the Amended and Restated Subadvisory Agreement and the Existing TCW Subadvisory Agreement. The Independent Trustees considered how the Amended and Restated Subadvisory Agreement would reduce the subadvisory fee rates paid to the Subadviser by the Investment Manager with respect to the Fund. The Independent Trustees also considered that the Investment Manager had confirmed that the nature and level of the services to be provided under the Amended and Restated Subadvisory Agreement would not decrease relative to the services provided under the Existing TCW Subadvisory Agreement. The Independent Trustees reviewed the performance of the Fund as well as the level of management fees and total expenses paid by the Fund. The Independent Trustees also reviewed the subadvisory fees paid for each of the TCW Funds and the expected impact of the Investment Manager's proposal on such fees. The Independent Trustees noted that no management fees were proposed to change and that the level of services provided by each of the Investment Manager and the Subadviser was also not proposed to change. The Independent Trustees also noted that the Board, as part of the 2026 15(c) process, would continue to review the continued reasonableness of the Fund's management fees.

The Independent Trustees noted the discussion relating to the renewal and approval of the advisory and subadvisory agreements for the Fund at the June 2025 Contracts Committee meeting and Board meetings (the June Meeting) and, in that connection, the discussion by independent legal counsel to the Independent Trustees (Independent Legal Counsel) of the Board's responsibilities pursuant to Sections 15(c) and 36(b) of the 1940 Act and the factors that should be considered in determining whether to approve or renew an investment management agreement. Independent Legal Counsel indicated that the Independent Trustees should apply these factors in considering the Amended and Restated Subadvisory Agreement.

Independent Legal Counsel further indicated that the Independent Trustees should take into account the variety of written materials and oral presentations they received at the December 9, 2025 meeting, as well as the information previously considered regarding the proposed 15(c) renewal of the Fund's existing advisory and subadvisory agreements.

After considering the factors described above relating to the Amended and Restated Subadvisory Agreement, and taking into account all of the factors considered, as described below, as part of the approval of the continuance of the fund's Existing TCW Subadvisory Agreement in June 2025, the Board, including all of the Independent Trustees, approved the Amended and Restated Subadvisory Agreement.

General conclusions in connection with the Trustees' previous approval of the continuance of the fund's existing advisory agreements

On an annual basis, the Board, including the Independent Trustees, considers renewal of the Management Agreement and the Subadvisory Agreements (collectively, the Renewal Subadvisory Agreements) between the Investment Manager and each of AlphaSimplex Group, LLC (AlphaSimplex), Crabel Capital Management, LLC (Crabel), Manulife Investment Management (US) LLC (Manulife) and TCW Investment Management Company LLC (TCW) (collectively, the Renewal Advisory Agreements) (each of AlphaSimplex, Crabel, Manulife and TCW, a Renewal Subadviser). The Investment Manager

Multi-Manager Alternative Strategies Fund \| 2026

------

Approval of Subadvisory Agreement (continued)

(Unaudited)

prepared detailed reports for the Board and its Contracts Committee (including its Contracts Subcommittee) in March, April and June 2025, including reports providing the results of analyses performed by a third-party data provider, Broadridge Financial Solutions, Inc. (Broadridge), and comprehensive responses by the Investment Manager to written requests for information by Independent Legal Counsel to assist the Board in making this determination. In addition, throughout the year, the Board (or its committees or subcommittees) regularly meets with portfolio management teams and senior management personnel and reviews information prepared by the Investment Manager addressing the services the Investment Manager provides and Fund performance. The Board also accords appropriate weight to the work, deliberations and conclusions of the various committees (including their subcommittees), such as the Contracts Committee, the Investment Review Committee, the Audit Committee and the Compliance Committee in determining whether to continue the Advisory Agreements.

The Board, at the June Meeting, considered the renewal of each of the Renewal Advisory Agreements for additional one-year terms. At the June Meeting, Independent Legal Counsel reviewed with the Independent Trustees various factors relevant to the Board's consideration of advisory and subadvisory agreements and the Board's legal responsibilities related to such consideration. The Independent Trustees considered such information as they, their legal counsel or the Investment Manager believed reasonably necessary to evaluate and to approve the continuation of each of the Renewal Advisory Agreements. Among other things, the information and factors considered included the following:

• Information on the investment performance of the Fund relative to the performance of a group of mutual funds determined to be comparable to the Fund by Broadridge as well as performance relative to one or more benchmarks;

• Information on the Fund's management fees and total expenses, including information comparing the Fund's expenses to those of a group of comparable mutual funds, as determined by Broadridge;

• The Investment Manager's agreement to contractually limit or cap total operating expenses for the Fund so that total operating expenses (excluding certain fees and expenses, such as transaction costs and certain other investment related expenses, interest, taxes, acquired fund fees and expenses and infrequent and/or unusual expenses) would not exceed a specified annual rate, as a percentage of the Fund's net assets;

• Terms of the Renewal Advisory Agreements;

• Subadvisory fees payable by the Investment Manager under the Renewal Subadvisory Agreements;

• Descriptions of other agreements and arrangements with affiliates of the Investment Manager relating to the operations of the Fund, including agreements with respect to the provision of transfer agency and shareholder services to the Fund;

• Descriptions of various services performed by the Investment Manager and the Renewal Subadvisers under the Renewal Advisory Agreements, including portfolio management and portfolio trading practices;

• Information regarding any recently negotiated management fees of similarly-managed portfolios of other institutional clients of the Investment Manager;

• Information regarding the resources of the Investment Manager and the Renewal Subadvisers, including information regarding senior management, portfolio managers and other personnel;

• Information regarding the capabilities of the Investment Manager with respect to compliance monitoring services;

• The profitability to the Investment Manager and its affiliates from their relationships with the Fund; and

• Report provided by the Board's independent fee consultant, JDL Consultants, LLC (JDL).

Following an analysis and discussion of the foregoing, and the factors identified below, the Board, including all of the Independent Trustees, approved the renewal of each of the Renewal Advisory Agreements.

Multi-Manager Alternative Strategies Fund \| 2026

------

Approval of Subadvisory Agreement (continued)

(Unaudited)

Nature, extent and quality of services provided by the Investment Manager and the Subadvisers

When considering the renewal of the Renewal Advisory Agreements, the Board analyzed various reports and presentations it had received detailing the services performed by the Investment Manager and the Renewal Subadvisers, as well as their history, expertise, resources and relative capabilities, and the qualifications of their personnel.

The Board specifically considered the many developments during recent years concerning the services provided by the Investment Manager, including, in particular, detailed information regarding the process employed for selecting and overseeing affiliated and unaffiliated subadvisers. With respect to the Investment Manager, the Board also noted the organization and depth of the equity and credit research departments. The Board further observed the enhancements to the investment risk management department's processes, systems and oversight over the past several years. The Board also took into account the broad scope of services provided by the Investment Manager to each subadvised Fund, including, among other services, investment, risk and compliance oversight. The Board also took into account the information it received concerning the Investment Manager's ability to attract and retain key portfolio management personnel and that it has sufficient resources to provide competitive and adequate compensation to investment personnel.

In connection with the Board's evaluation of the overall package of services provided by the Investment Manager, the Board also considered the nature, quality and range of administrative services provided to the Fund by the Investment Manager, as well as the achievements in 2024 in the performance of administrative services, and noted the various enhancements anticipated for 2025. In evaluating the quality of services provided under the Renewal Advisory Agreements, the Board also took into account the organization and strength of the Fund's and its service providers' compliance programs. The Board also reviewed the financial condition of the Investment Manager and its affiliates and each entity's ability to carry out its responsibilities under the Management Agreement and the Fund's other service agreements.

In addition, the Board discussed the acceptability of the terms of the Management Agreement (including the relatively broad scope of services required to be performed by the Investment Manager in addition to monitoring each Renewal Subadviser), noting that no changes were proposed from the forms of agreements previously approved. The Board also noted the wide array of legal and compliance services provided to the Fund under the Management Agreement.

The Board considered each Renewal Subadviser's organizational strength and resources, portfolio management team depth and capabilities and investment process. The Board also considered each Renewal Subadviser's capability and wherewithal to carry out its responsibilities under the applicable Renewal Subadvisory Agreement. In addition, the Board discussed the acceptability of the terms of the Renewal Subadvisory Agreements, including the scope of services required to be performed. The Board noted that the terms of the Renewal Subadvisory Agreements are generally consistent with the terms of other subadvisory agreements for subadvisers who manage other funds managed by the Investment Manager. It was observed that no changes were recommended to the Renewal Subadvisory Agreements. The Board took into account the Investment Manager's representation that each Renewal Subadviser was in a position to provide quality services to the Fund. In this regard, the Board further observed the various services provided by the Investment Manager's subadvisory oversight team.

After reviewing these and related factors (including investment performance as discussed below), the Board concluded, within the context of their overall conclusions, that the nature, extent and quality of the services provided to the Fund under the Renewal Advisory Agreements supported the continuation of the Management Agreement and each of the Renewal Subadvisory Agreements.

Investment performance

When considering each of the Renewal Advisory Agreements, the Board carefully reviewed the investment performance of the Fund, including detailed reports providing the results of analyses performed by each of the Investment Manager, Broadridge and JDL collectively showing, for various periods (including since manager inception): (i) the performance of the Fund, (ii) the Fund's performance relative to peers and benchmarks and (iii) the net assets of the Fund. The Board observed that Fund performance was well within the range of that of its peers.

Multi-Manager Alternative Strategies Fund \| 2026

------

Approval of Subadvisory Agreement (continued)

(Unaudited)

Additionally, the Board reviewed the performance of each Renewal Subadviser and the Investment Manager's process for monitoring such Renewal Subadvisers' performance. The Board considered, in particular, management's rationale for recommending the continued retention of each Renewal Subadviser and management's representations that the Investment Manager's profitability is not the key factor driving their recommendation to select, renew or terminate a Renewal Subadviser.

The Board also reviewed a description of the third-party data provider's methodology for identifying the Fund's peer groups for purposes of performance and expense comparisons. The Board also considered the Investment Manager's and Renewal Subadvisers' performance and reputation generally and the Investment Manager's evaluation of each Renewal Subadviser's contribution to the Fund's broader investment mandate. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions, that the performance of the Fund, the Investment Manager and the Renewal Subadvisers, in light of other considerations, supported the continuation of the Management Agreement and each of the Renewal Subadvisory Agreements.

Comparative fees, costs of services provided and the profits realized by the Investment Manager and its affiliates from their relationships with the Fund

When considering the Renewal Advisory Agreements, the Board reviewed comparative fees and the costs of services provided under each of the Renewal Advisory Agreements. The Board members considered detailed comparative information set forth in an annual report on fees and expenses, including, among other things, data (based on analyses conducted by Broadridge and JDL) showing a comparison of the Fund's expenses with median expenses paid by funds in its comparative peer universe, as well as data showing the Fund's contribution to the Investment Manager's profitability.

The Board considered the reports of JDL, which assisted in the Board's analysis of the Funds' performance and expenses and the reasonableness of the Funds' fee rates. The Board accorded particular weight to the notion that a primary objective of the level of fees is to achieve a rational pricing model applied consistently across the various product lines in the Fund family, while assuring that the overall fees for each Fund (with certain exceptions) are generally in line with the current "pricing philosophy" such that Fund total expense ratios, in general, approximate or are lower than the median expense ratios of funds in the same Lipper comparison universe. The Board took into account that the Fund's total expense ratio (after considering proposed expense caps/waivers) was below the peer universe's median expense ratio shown in the reports.

Additionally, the Board reviewed the level of subadvisory fees paid to each Renewal Subadviser, noting that the fees are paid by the Investment Manager and do not impact the fees paid by the Fund. The Board also reviewed advisory fee rates charged by other comparable mutual funds employing each Renewal Subadviser to provide comparable subadvisory services. After reviewing these and related factors, the Board concluded, within the context of their overall conclusions, that the levels of management fees, subadvisory fees and expenses of the Fund, in light of other considerations, supported the continuation of the Management Agreement and each of the Renewal Subadvisory Agreements.

The Board also considered the profitability of the Investment Manager and its affiliates in connection with the Investment Manager providing management services to the Fund. Because the Renewal Subadvisory Agreements were negotiated at arm's length by the Investment Manager, which is responsible for payments to the Renewal Subadvisers thereunder, the Board did not consider the profitability to each Renewal Subadviser from its relationship with the Fund.

With respect to the profitability of the Investment Manager and its affiliates, the Independent Trustees referred to information discussing the profitability to the Investment Manager and Ameriprise Financial from managing, operating and distributing the Funds. The Board considered that the profitability generated by the Investment Manager in 2024 had increased from 2023 levels due to a variety of factors, including the increased assets under management of the Funds. It also took into account the indirect economic benefits flowing to the Investment Manager or its affiliates in connection with managing or distributing the Funds, such as the enhanced ability to offer various other financial products to Ameriprise Financial customers, soft dollar benefits and overall reputational advantages. The Board noted that the fees paid by the Fund should permit the Investment Manager to offer competitive compensation to its personnel, make necessary investments in its business and earn an appropriate profit. After reviewing these and related factors, the Board concluded,

Multi-Manager Alternative Strategies Fund \| 2026

------

Approval of Subadvisory Agreement (continued)

(Unaudited)

within the context of their overall conclusions, that the costs of services provided and the profitability to the Investment Manager and its affiliates from their relationships with the Fund supported the continuation of the Management Agreement and each of the Renewal Subadvisory Agreements.

Economies of scale

The Board considered the potential existence of economies of scale in the provision by the Investment Manager of services to the Fund, and whether those economies of scale were shared with the Fund through breakpoints in investment management fees or other means, such as expense limitation arrangements and additional investments by the Investment Manager in investment, trading, compliance and other resources. The Board considered the economies of scale that might be realized as the Fund's net asset level grows and took note of the extent to which Fund shareholders might also benefit from such growth.

When considering the Renewal Advisory Agreements, the Board took into account that management fees decline as Fund assets exceed various breakpoints, all of which have not been surpassed. The Board observed that the Management Agreement thus provides for breakpoints in the management fee rate schedule that allow opportunities for shareholders to realize lower fees as Fund assets grow and that there are additional opportunities through other means for sharing economies of scale with shareholders.

Conclusion

The Board reviewed all of the above considerations in reaching its decision to approve the continuation of the Management Agreement and each of the Renewal Subadvisory Agreements. In reaching its conclusions, no single factor was determinative.

On June 26, 2025, the Board, including all of the Independent Trustees, also determined that fees payable under each of the Renewal Advisory Agreements were fair and reasonable in light of the extent and quality of services provided and approved the renewal of each of the Renewal Advisory Agreements.

Multi-Manager Alternative Strategies Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

**Multi-Manager Alternative Strategies Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787img0651eb632.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/

SAR100_08_T01_(04/26)

------

![](g469787imga2bd59dc1.jpg)

Columbia Strategic Income 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_1c841230-43e7-41e0-9c6c-73f3d4d8badd_POI-CommonContent-Date-138_1) | 3 |
| [Statement of Assets and Liabilities](#xx_1c841230-43e7-41e0-9c6c-73f3d4d8badd_FS-CommonContent-Date-138_1) | 50 |
| [Statement of Operations](#xx_1c841230-43e7-41e0-9c6c-73f3d4d8badd_FS-CommonContent-Date-138_3) | 52 |
| [Statement of Changes in Net Assets](#xx_1c841230-43e7-41e0-9c6c-73f3d4d8badd_FS-CommonContent-Date-138_5) | 54 |
| [Financial Highlights](#xx_1c841230-43e7-41e0-9c6c-73f3d4d8badd_FIHI-CommonContent-Date-138_1) | 56 |
| [Notes to Financial Statements](#xx_1c841230-43e7-41e0-9c6c-73f3d4d8badd_NTF-CommonContent-Date-138_1) | 60 |

---

Columbia Strategic Income 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;

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency 8.0%** | **Asset-Backed Securities - Non-Agency 8.0%** | **Asset-Backed Securities - Non-Agency 8.0%** | **Asset-Backed Securities - Non-Agency 8.0%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  | ACHV ABS Trust<sup>(a)</sup>  |
| Series 2024-3AL Class A | Series 2024-3AL Class A | Series 2024-3AL Class A | Series 2024-3AL Class A |
| 12/26/2031 | &nbsp;&nbsp; 5.010% | 4657391 | &nbsp;&nbsp; 4683015 |
| Subordinated Series 2024-3AL Class B | Subordinated Series 2024-3AL Class B | Subordinated Series 2024-3AL Class B | Subordinated Series 2024-3AL Class B |
| 12/26/2031 | &nbsp;&nbsp; 5.450% | 2489681 | &nbsp;&nbsp; 2508108 |
| Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  | Affirm Asset Securitization Trust<sup>(a)</sup>  |
| Series 2024-X2 Class B | Series 2024-X2 Class B | Series 2024-X2 Class B | Series 2024-X2 Class B |
| 12/17/2029 | &nbsp;&nbsp; 5.330% | 4343461 | &nbsp;&nbsp; 4345425 |
| Series 2024-X2 Class C | Series 2024-X2 Class C | Series 2024-X2 Class C | Series 2024-X2 Class C |
| 12/17/2029 | &nbsp;&nbsp; 5.620% | 6300000 | &nbsp;&nbsp; 6309601 |
| Apidos CLO XXIV<sup>(a),(b)</sup>  | Apidos CLO XXIV<sup>(a),(b)</sup>  | Apidos CLO XXIV<sup>(a),(b)</sup>  | Apidos CLO XXIV<sup>(a),(b)</sup>  |
| Series 2016-24A Class A1AL | Series 2016-24A Class A1AL | Series 2016-24A Class A1AL | Series 2016-24A Class A1AL |
| 3-month Term SOFR + 1.212% <br>Floor 0.950% <br>10/20/2030<br>| &nbsp;&nbsp; 4.879% | 2341304 | &nbsp;&nbsp; 2345724 |
| ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  | ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  | ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  | ASP WHCO Participation LP<sup>(a),(b),(c)</sup>  |
| 30-day Average SOFR + 2.400% <br>Floor 3.000% <br>03/29/2029<br>| &nbsp;&nbsp; 6.713% | 33850000 | &nbsp;&nbsp; 33850000 |
| Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  | Bain Capital Credit CLO<sup>(a),(b)</sup>  |
| Series 2018-2A Class A1R | Series 2018-2A Class A1R | Series 2018-2A Class A1R | Series 2018-2A Class A1R |
| 3-month Term SOFR + 1.080% <br>Floor 1.080% <br>07/19/2031<br>| &nbsp;&nbsp; 4.748% | 955557 | &nbsp;&nbsp; 955710 |
| Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  | Bain Capital Credit CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2021-5A Class E | Series 2021-5A Class E | Series 2021-5A Class E | Series 2021-5A Class E |
| 3-month Term SOFR + 6.762% <br>Floor 6.500% <br>10/23/2034<br>| &nbsp;&nbsp; 10.433% | 8600000 | &nbsp;&nbsp; 7805489 |
| Series 2021-6A Class E | Series 2021-6A Class E | Series 2021-6A Class E | Series 2021-6A Class E |
| 3-month Term SOFR + 6.762% <br>Floor 6.500% <br>10/21/2034<br>| &nbsp;&nbsp; 10.431% | 11450000 | &nbsp;&nbsp; 10424034 |
| Cayuga Park CLO Ltd.<sup>(a),(b)</sup>  | Cayuga Park CLO Ltd.<sup>(a),(b)</sup>  | Cayuga Park CLO Ltd.<sup>(a),(b)</sup>  | Cayuga Park CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2020-1A Class AR2 | Series 2020-1A Class AR2 | Series 2020-1A Class AR2 | Series 2020-1A Class AR2 |
| 3-month Term SOFR + 1.200% <br>Floor 1.200% <br>10/17/2038<br>| &nbsp;&nbsp; 4.868% | 19950000 | &nbsp;&nbsp; 19926399 |
| EDGEX Issuer Trust<sup>(a),(d)</sup>  | EDGEX Issuer Trust<sup>(a),(d)</sup>  | EDGEX Issuer Trust<sup>(a),(d)</sup>  | EDGEX Issuer Trust<sup>(a),(d)</sup>  |
| Series 2025-1NN Class CERT | Series 2025-1NN Class CERT | Series 2025-1NN Class CERT | Series 2025-1NN Class CERT |
| 01/15/2031 | &nbsp;&nbsp; 0.000% | 5500000 | &nbsp;&nbsp; 4246853 |
| EDGEX Issuer Trust<sup>(a)</sup>  | EDGEX Issuer Trust<sup>(a)</sup>  | EDGEX Issuer Trust<sup>(a)</sup>  | EDGEX Issuer Trust<sup>(a)</sup>  |
| Series 2025-2NN Class A | Series 2025-2NN Class A | Series 2025-2NN Class A | Series 2025-2NN Class A |
| 01/15/2032 | &nbsp;&nbsp; 5.498% | 18871681 | &nbsp;&nbsp; 18924354 |
| Series 2025-2NN Class B | Series 2025-2NN Class B | Series 2025-2NN Class B | Series 2025-2NN Class B |
| 01/15/2032 | &nbsp;&nbsp; 6.475% | 13374012 | &nbsp;&nbsp; 13523866 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  | GLS Auto Select Receivables Trust<sup>(a)</sup>  |
| Series 2024-4A Class A2 | Series 2024-4A Class A2 | Series 2024-4A Class A2 | Series 2024-4A Class A2 |
| 12/17/2029 | &nbsp;&nbsp; 4.430% | 7865876 | &nbsp;&nbsp; 7892152 |
| GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  | GoldenTree Loan Management US CLO Ltd.<sup>(a),(b)</sup>  |
| Series 2025-27 Class A | Series 2025-27 Class A | Series 2025-27 Class A | Series 2025-27 Class A |
| 3-month Term SOFR + 1.190% <br>Floor 1.190% <br>01/20/2039<br>| &nbsp;&nbsp; 5.008% | 33000000 | &nbsp;&nbsp; 33060951 |
| GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  | GreenSky Home Improvement Issuer Trust<sup>(a)</sup>  |
| Series 2024-2 Class A4 | Series 2024-2 Class A4 | Series 2024-2 Class A4 | Series 2024-2 Class A4 |
| 10/27/2059 | &nbsp;&nbsp; 5.150% | 8117793 | &nbsp;&nbsp; 8282168 |
| Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  | Lendbuzz Securitization Trust<sup>(a)</sup>  |
| Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 | Series 2024-3A Class A2 |
| 10/15/2030 | &nbsp;&nbsp; 4.970% | 8114058 | &nbsp;&nbsp; 8116903 |
| Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 | Series 2025-2A Class A2 |
| 05/15/2030 | &nbsp;&nbsp; 5.180% | 10537348 | &nbsp;&nbsp; 10579659 |
| Madison Park Funding LXII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding LXII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding LXII Ltd.<sup>(a),(b)</sup>  | Madison Park Funding LXII Ltd.<sup>(a),(b)</sup>  |
| Series 2022-62A Class A1R2 | Series 2022-62A Class A1R2 | Series 2022-62A Class A1R2 | Series 2022-62A Class A1R2 |
| 3-month Term SOFR + 1.300% <br>Floor 1.300% <br>07/16/2038<br>| &nbsp;&nbsp; 4.971% | 17900000 | &nbsp;&nbsp; 17975806 |
| Madison Park Funding XXIV Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIV Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIV Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIV Ltd.<sup>(a),(b)</sup>  |
| Series 2016-24A Class BR2 | Series 2016-24A Class BR2 | Series 2016-24A Class BR2 | Series 2016-24A Class BR2 |
| 3-month Term SOFR + 1.550% <br>Floor 1.550% <br>10/20/2029<br>| &nbsp;&nbsp; 5.218% | 2556254 | &nbsp;&nbsp; 2557721 |
| Madison Park Funding XXIX Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIX Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIX Ltd.<sup>(a),(b)</sup>  | Madison Park Funding XXIX Ltd.<sup>(a),(b)</sup>  |
| Series 2018-29AR Class A1R2 | Series 2018-29AR Class A1R2 | Series 2018-29AR Class A1R2 | Series 2018-29AR Class A1R2 |
| 3-month Term SOFR + 1.180% <br>Floor 1.180% <br>03/25/2038<br>| &nbsp;&nbsp; 4.848% | 30450000 | &nbsp;&nbsp; 30502222 |
| MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  | MPOWER Education Trust<sup>(a)</sup>  |
| Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A | Series 2025-1 Class A |
| 12/22/2042 | &nbsp;&nbsp; 6.250% | 20017208 | &nbsp;&nbsp; 20432115 |
| Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B |
| 12/22/2042 | &nbsp;&nbsp; 8.180% | 4696000 | &nbsp;&nbsp; 4833682 |
| Series 2025-A Class A | Series 2025-A Class A | Series 2025-A Class A | Series 2025-A Class A |
| 07/21/2042 | &nbsp;&nbsp; 6.620% | 6073770 | &nbsp;&nbsp; 6278861 |
| Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  | Pagaya AI Debt Grantor Trust<sup>(a)</sup>  |
| Series 2024-11 Class B | Series 2024-11 Class B | Series 2024-11 Class B | Series 2024-11 Class B |
| 07/15/2032 | &nbsp;&nbsp; 5.637% | 7403579 | &nbsp;&nbsp; 7464394 |
| Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B | Series 2025-1 Class B |
| 07/15/2032 | &nbsp;&nbsp; 5.628% | 8345030 | &nbsp;&nbsp; 8366072 |
| Series 2025-8 Class B | Series 2025-8 Class B | Series 2025-8 Class B | Series 2025-8 Class B |
| 07/15/2033 | &nbsp;&nbsp; 5.409% | 8800000 | &nbsp;&nbsp; 8834383 |
| Series 2025-R3 Class A | Series 2025-R3 Class A | Series 2025-R3 Class A | Series 2025-R3 Class A |
| 01/18/2033 | &nbsp;&nbsp; 4.841% | 14815656 | &nbsp;&nbsp; 14830903 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Series 2026-1 Class B | Series 2026-1 Class B | Series 2026-1 Class B | Series 2026-1 Class B |
| 09/15/2033 | &nbsp;&nbsp; 5.370% | 28690000 | &nbsp;&nbsp; 28895274 |
| Subordinated Series 2024-10 Class B | Subordinated Series 2024-10 Class B | Subordinated Series 2024-10 Class B | Subordinated Series 2024-10 Class B |
| 06/15/2032 | &nbsp;&nbsp; 5.750% | 8464335 | &nbsp;&nbsp; 8533571 |
| Subordinated Series 2024-10 Class D | Subordinated Series 2024-10 Class D | Subordinated Series 2024-10 Class D | Subordinated Series 2024-10 Class D |
| 06/15/2032 | &nbsp;&nbsp; 6.429% | 13106403 | &nbsp;&nbsp; 13228850 |
| Subordinated Series 2024-5 Class B | Subordinated Series 2024-5 Class B | Subordinated Series 2024-5 Class B | Subordinated Series 2024-5 Class B |
| 10/15/2031 | &nbsp;&nbsp; 6.601% | 7075698 | &nbsp;&nbsp; 7110710 |
| Subordinated Series 2024-6 Class B | Subordinated Series 2024-6 Class B | Subordinated Series 2024-6 Class B | Subordinated Series 2024-6 Class B |
| 11/15/2031 | &nbsp;&nbsp; 6.589% | 6600809 | &nbsp;&nbsp; 6666262 |
| Subordinated Series 2024-6 Class C | Subordinated Series 2024-6 Class C | Subordinated Series 2024-6 Class C | Subordinated Series 2024-6 Class C |
| 11/15/2031 | &nbsp;&nbsp; 7.068% | 5053425 | &nbsp;&nbsp; 5110104 |
| Subordinated Series 2024-8 Class C | Subordinated Series 2024-8 Class C | Subordinated Series 2024-8 Class C | Subordinated Series 2024-8 Class C |
| 01/15/2032 | &nbsp;&nbsp; 6.030% | 6415841 | &nbsp;&nbsp; 6453103 |
| Subordinated Series 2024-9 Class B | Subordinated Series 2024-9 Class B | Subordinated Series 2024-9 Class B | Subordinated Series 2024-9 Class B |
| 03/15/2032 | &nbsp;&nbsp; 5.306% | 8062038 | &nbsp;&nbsp; 8081489 |
| Subordinated Series 2024-9 Class C | Subordinated Series 2024-9 Class C | Subordinated Series 2024-9 Class C | Subordinated Series 2024-9 Class C |
| 03/15/2032 | &nbsp;&nbsp; 5.774% | 6206267 | &nbsp;&nbsp; 6222978 |
| Subordinated Series 2024-9 Class D | Subordinated Series 2024-9 Class D | Subordinated Series 2024-9 Class D | Subordinated Series 2024-9 Class D |
| 03/15/2032 | &nbsp;&nbsp; 6.174% | 8686231 | &nbsp;&nbsp; 8704861 |
| Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  | Pagaya AI Debt Selection Trust<sup>(a)</sup>  |
| Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B | Subordinated Series 2024-7 Class B |
| 12/15/2031 | &nbsp;&nbsp; 6.574% | 5731200 | &nbsp;&nbsp; 5764563 |
| Subordinated Series 2024-7 Class C | Subordinated Series 2024-7 Class C | Subordinated Series 2024-7 Class C | Subordinated Series 2024-7 Class C |
| 12/15/2031 | &nbsp;&nbsp; 7.095% | 6221766 | &nbsp;&nbsp; 6265384 |
| Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  | Pagaya AI Debt Trust<sup>(a)</sup>  |
| Subordinated Series 2024-3 Class B | Subordinated Series 2024-3 Class B | Subordinated Series 2024-3 Class B | Subordinated Series 2024-3 Class B |
| 10/15/2031 | &nbsp;&nbsp; 6.571% | 7367730 | &nbsp;&nbsp; 7412844 |
| Subordinated Series 2024-3 Class C | Subordinated Series 2024-3 Class C | Subordinated Series 2024-3 Class C | Subordinated Series 2024-3 Class C |
| 10/15/2031 | &nbsp;&nbsp; 7.297% | 5583006 | &nbsp;&nbsp; 5615720 |
| Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  | Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  | Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  | Pagaya Point of Sale Holdings Grantor Trust<sup>(a)</sup>  |
| Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A | Series 2025-2 Class A |
| 07/20/2033 | &nbsp;&nbsp; 5.065% | 13000000 | &nbsp;&nbsp; 13051597 |
| Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Asset Trust<sup>(a)</sup>  |
| Series 2023-4A Class A | Series 2023-4A Class A | Series 2023-4A Class A | Series 2023-4A Class A |
| 03/25/2032 | &nbsp;&nbsp; 7.540% | 6436329 | &nbsp;&nbsp; 6448321 |
| Series 2024-3A Class A | Series 2024-3A Class A | Series 2024-3A Class A | Series 2024-3A Class A |
| 03/25/2033 | &nbsp;&nbsp; 5.281% | 10693874 | &nbsp;&nbsp; 10743671 |
| Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  | Research-Driven Pagaya Motor Trust<sup>(a)</sup>  |
| Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A | Series 2024-1A Class A |
| 06/25/2032 | &nbsp;&nbsp; 7.090% | 4773310 | &nbsp;&nbsp; 4780093 |
| Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  | Upstart Securitization Trust<sup>(a)</sup>  |
| Series 2025-4 Class D | Series 2025-4 Class D | Series 2025-4 Class D | Series 2025-4 Class D |
| 11/20/2035 | &nbsp;&nbsp; 7.670% | 5375000 | &nbsp;&nbsp; 5402715 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** | **Asset-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Westlake Automobile Receivables Trust<sup>(a)</sup>  | Westlake Automobile Receivables Trust<sup>(a)</sup>  | Westlake Automobile Receivables Trust<sup>(a)</sup>  | Westlake Automobile Receivables Trust<sup>(a)</sup>  |
| Series 2024-3A Class A2A | Series 2024-3A Class A2A | Series 2024-3A Class A2A | Series 2024-3A Class A2A |
| 09/15/2027 | &nbsp;&nbsp; 4.820% | 1824441 | &nbsp;&nbsp; 1825634 |
| Total Asset-Backed Securities — Non-Agency <br>(Cost $486,111,683) | Total Asset-Backed Securities — Non-Agency <br>(Cost $486,111,683) | Total Asset-Backed Securities — Non-Agency <br>(Cost $486,111,683) | &nbsp;&nbsp; **486174314** |
| **Commercial Mortgage-Backed Securities - Non-Agency 0.4%** | **Commercial Mortgage-Backed Securities - Non-Agency 0.4%** | **Commercial Mortgage-Backed Securities - Non-Agency 0.4%** | **Commercial Mortgage-Backed Securities - Non-Agency 0.4%** |
| Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  | Credit Suisse Mortgage Capital Certificates OA LLC<sup>(a)</sup>  |
| Subordinated Series 2014-USA Class E | Subordinated Series 2014-USA Class E | Subordinated Series 2014-USA Class E | Subordinated Series 2014-USA Class E |
| 09/15/2037 | &nbsp;&nbsp; 4.373% | 7525000 | &nbsp;&nbsp; 6054734 |
| Subordinated Series 2014-USA Class F | Subordinated Series 2014-USA Class F | Subordinated Series 2014-USA Class F | Subordinated Series 2014-USA Class F |
| 09/15/2037 | &nbsp;&nbsp; 4.373% | 19910000 | &nbsp;&nbsp; 12723073 |
| Hilton USA Trust<sup>(a),(e)</sup>  | Hilton USA Trust<sup>(a),(e)</sup>  | Hilton USA Trust<sup>(a),(e)</sup>  | Hilton USA Trust<sup>(a),(e)</sup>  |
| Subordinated Series 2016-SFP Class E | Subordinated Series 2016-SFP Class E | Subordinated Series 2016-SFP Class E | Subordinated Series 2016-SFP Class E |
| 11/05/2035 | &nbsp;&nbsp; 0.000% | 11500000 | &nbsp;&nbsp; 287588 |
| SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  | SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  | SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  | SFO Commercial Mortgage Trust<sup>(a),(b)</sup>  |
| Series 2021-555 Class A | Series 2021-555 Class A | Series 2021-555 Class A | Series 2021-555 Class A |
| 1-month Term SOFR + 1.264% <br>Floor 1.150% <br>05/15/2038<br>| &nbsp;&nbsp; 4.925% | 4850000 | &nbsp;&nbsp; 4837871 |
| Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $41,198,997) | Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $41,198,997) | Total Commercial Mortgage-Backed Securities - Non-Agency <br>(Cost $41,198,997) | &nbsp;&nbsp; **23903266** |

---

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

---

| | | |
|:---|:---|:---|
| **Common Stocks 0.0%** | **Common Stocks 0.0%** | **Common Stocks 0.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** |
| **Diversified Telecommunication Services 0.0%** | **Diversified Telecommunication Services 0.0%** | **Diversified Telecommunication Services 0.0%** |
| Uniti Group, Inc.<sup>(f)</sup> <br>| &nbsp;&nbsp; 13317 | &nbsp;&nbsp; 97480 |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Altice Luxco 3<sup>(f)</sup> <br>| &nbsp;&nbsp; 64568 | &nbsp;&nbsp; 1210512 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **1307992** |
| **Consumer Discretionary 0.0%** | **Consumer Discretionary 0.0%** | **Consumer Discretionary 0.0%** |
| **Diversified Consumer Services 0.0%** | **Diversified Consumer Services 0.0%** | **Diversified Consumer Services 0.0%** |
| WW International, Inc.<sup>(f)</sup> <br>| &nbsp;&nbsp; 6584 | &nbsp;&nbsp; 139976 |
| **Household Durables 0.0%** | **Household Durables 0.0%** | **Household Durables 0.0%** |
| Serta Simmons Bedding LLC<sup>(f)</sup> <br>| &nbsp;&nbsp; 335 | &nbsp;&nbsp; 3032 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **143008** |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Energy 0.0%** | **Energy 0.0%** | **Energy 0.0%** |
| **Oil, Gas & Consumable Fuels 0.0%** | **Oil, Gas & Consumable Fuels 0.0%** | **Oil, Gas & Consumable Fuels 0.0%** |
| New Frontera Holdings<sup>(c),(f)</sup> <br>| &nbsp;&nbsp; 14302 | &nbsp;&nbsp; 379003 |
| Southcross Energy Partners LLC<sup>(c),(f),(g)</sup> <br>| &nbsp;&nbsp; 14393 | &nbsp;&nbsp; 0 |
| Southcross Energy Partners LLC, Class A<sup>(c),(f),(g)</sup> <br>| &nbsp;&nbsp; 272263 | &nbsp;&nbsp; 0 |
| Total |  | &nbsp;&nbsp; 379003 |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **379003** |
| **Health Care 0.0%** | **Health Care 0.0%** | **Health Care 0.0%** |
| **Health Care Providers & Services 0.0%** | **Health Care Providers & Services 0.0%** | **Health Care Providers & Services 0.0%** |
| Envision Healthcare<sup>(f)</sup> <br>| &nbsp;&nbsp; 13525 | &nbsp;&nbsp; 207947 |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **207947** |
| **Industrials 0.0%** | **Industrials 0.0%** | **Industrials 0.0%** |
| **Construction & Engineering 0.0%** | **Construction & Engineering 0.0%** | **Construction & Engineering 0.0%** |
| McDermott International Ltd.<sup>(c),(f)</sup> <br>| &nbsp;&nbsp; 383 | &nbsp;&nbsp; 8806 |
| **Machinery 0.0%** | **Machinery 0.0%** | **Machinery 0.0%** |
| TNT Crane and Rigging, Inc.<sup>(f)</sup> <br>| &nbsp;&nbsp; 23468 | &nbsp;&nbsp; 11053 |
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **19859** |
| **Information Technology 0.0%** | **Information Technology 0.0%** | **Information Technology 0.0%** |
| **Communications Equipment 0.0%** | **Communications Equipment 0.0%** | **Communications Equipment 0.0%** |
| Riverbed Technology, Inc.<sup>(c),(f)</sup> <br>| &nbsp;&nbsp; 13308 | &nbsp;&nbsp; 732 |
| **Software 0.0%** | **Software 0.0%** | **Software 0.0%** |
| Avaya Holdings Corp.<sup>(f)</sup> <br>| &nbsp;&nbsp; 5014 | &nbsp;&nbsp; 77717 |
| Avaya Holdings Corp.<sup>(f)</sup> <br>| &nbsp;&nbsp; 24157 | &nbsp;&nbsp; 374433 |
| Total |  | &nbsp;&nbsp; 452150 |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **452882** |
| **Materials 0.0%** | **Materials 0.0%** | **Materials 0.0%** |
| **Containers & Packaging 0.0%** | **Containers & Packaging 0.0%** | **Containers & Packaging 0.0%** |
| Flint Group Packaging<sup>(c),(f),(g)</sup> <br>| &nbsp;&nbsp; 722943 | &nbsp;&nbsp; 1 |
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **1** |
| Total Common Stocks <br>(Cost $1,524,038) | Total Common Stocks <br>(Cost $1,524,038) | &nbsp;&nbsp; **2510692** |

---

&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> **($)**<br>| **Value ($)** |
| **Electric 0.1%** | **Electric 0.1%** | **Electric 0.1%** | **Electric 0.1%** |
| NextEra Energy Partners LP<sup>(a)</sup>  | NextEra Energy Partners LP<sup>(a)</sup>  | NextEra Energy Partners LP<sup>(a)</sup>  | NextEra Energy Partners LP<sup>(a)</sup>  |
| 06/15/2026 | &nbsp;&nbsp; 2.500% | 7372000 | &nbsp;&nbsp; 7298280 |
| Total Convertible Bonds <br>(Cost $7,276,431) | Total Convertible Bonds <br>(Cost $7,276,431) | Total Convertible Bonds <br>(Cost $7,276,431) | &nbsp;&nbsp; **7298280** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Convertible Preferred Stocks 0.0%** | **Convertible Preferred Stocks 0.0%** | **Convertible Preferred Stocks 0.0%** | **Convertible Preferred Stocks 0.0%** |
| **Issuer** |  | **Shares** | **Value ($)** |
| **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** |
| **Diversified Telecommunication Services 0.0%** | **Diversified Telecommunication Services 0.0%** | **Diversified Telecommunication Services 0.0%** | **Diversified Telecommunication Services 0.0%** |
| Uniti Group, Inc.<sup>(c),(g)</sup> <br>| &nbsp;&nbsp; 11.000% | &nbsp;&nbsp; 85 | &nbsp;&nbsp; 84955 |
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **84955** |
| **Information Technology —%** | **Information Technology —%** | **Information Technology —%** | **Information Technology —%** |
| **Communications Equipment —%** | **Communications Equipment —%** | **Communications Equipment —%** | **Communications Equipment —%** |
| Riverbed Technology, Inc.<sup>(c),(g)</sup> <br>| &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 14204 | &nbsp;&nbsp; 0 |
| **Total Information Technology** | **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **0** |
| Total Convertible Preferred Stocks <br>(Cost $392,706) | Total Convertible Preferred Stocks <br>(Cost $392,706) | Total Convertible Preferred Stocks <br>(Cost $392,706) | &nbsp;&nbsp; **84955** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes 37.2%** | **Corporate Bonds & Notes 37.2%** | **Corporate Bonds & Notes 37.2%** | **Corporate Bonds & Notes 37.2%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.8%** | **Aerospace & Defense 0.8%** | **Aerospace & Defense 0.8%** | **Aerospace & Defense 0.8%** |
| Allegheny Technologies, Inc. | Allegheny Technologies, Inc. | Allegheny Technologies, Inc. | Allegheny Technologies, Inc. |
| 10/01/2029 | &nbsp;&nbsp; 4.875% | 818000 | &nbsp;&nbsp; 816077 |
| 10/01/2031 | &nbsp;&nbsp; 5.125% | 2729000 | &nbsp;&nbsp; 2741989 |
| BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  | BAE Systems PLC<sup>(a)</sup>  |
| 03/26/2029 | &nbsp;&nbsp; 5.125% | 3735000 | &nbsp;&nbsp; 3866258 |
| 02/15/2031 | &nbsp;&nbsp; 1.900% | 4160000 | &nbsp;&nbsp; 3744289 |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 08/01/2059 | &nbsp;&nbsp; 3.950% | 9400000 | &nbsp;&nbsp; 6736593 |
| Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  | Bombardier, Inc.<sup>(a)</sup>  |
| 07/01/2031 | &nbsp;&nbsp; 7.250% | 1262000 | &nbsp;&nbsp; 1341495 |
| 06/01/2032 | &nbsp;&nbsp; 7.000% | 1269000 | &nbsp;&nbsp; 1336517 |
| TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  | TransDigm, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 6.750% | 3191000 | &nbsp;&nbsp; 3247443 |
| 03/01/2029 | &nbsp;&nbsp; 6.375% | 4365000 | &nbsp;&nbsp; 4488051 |
| 03/01/2032 | &nbsp;&nbsp; 6.625% | 5006000 | &nbsp;&nbsp; 5184373 |
| 01/15/2033 | &nbsp;&nbsp; 6.000% | 1743000 | &nbsp;&nbsp; 1774867 |
| 05/31/2033 | &nbsp;&nbsp; 6.375% | 5613000 | &nbsp;&nbsp; 5732962 |
| 01/31/2034 | &nbsp;&nbsp; 6.750% | 3653000 | &nbsp;&nbsp; 3792555 |
| 07/31/2034 | &nbsp;&nbsp; 6.125% | 909000 | &nbsp;&nbsp; 923348 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **45726817** |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Agencies 0.0%** | **Agencies 0.0%** | **Agencies 0.0%** | **Agencies 0.0%** |
| Matador Resources Co.<sup>(a),(h)</sup>  | Matador Resources Co.<sup>(a),(h)</sup>  | Matador Resources Co.<sup>(a),(h)</sup>  | Matador Resources Co.<sup>(a),(h)</sup>  |
| 04/15/2034 | &nbsp;&nbsp; 6.000% | 985000 | &nbsp;&nbsp; 986201 |
| **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** |
| Air Canada<sup>(a)</sup>  | Air Canada<sup>(a)</sup>  | Air Canada<sup>(a)</sup>  | Air Canada<sup>(a)</sup>  |
| 08/15/2026 | &nbsp;&nbsp; 3.875% | 2199000 | &nbsp;&nbsp; 2189914 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(a)</sup>  |
| 04/20/2026 | &nbsp;&nbsp; 5.500% | 491341 | &nbsp;&nbsp; 491777 |
| 04/20/2029 | &nbsp;&nbsp; 5.750% | 4254465 | &nbsp;&nbsp; 4304432 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6986123** |
| **Automotive 1.0%** | **Automotive 1.0%** | **Automotive 1.0%** | **Automotive 1.0%** |
| American Axle & Manufacturing, Inc.<sup>(a)</sup>  | American Axle & Manufacturing, Inc.<sup>(a)</sup>  | American Axle & Manufacturing, Inc.<sup>(a)</sup>  | American Axle & Manufacturing, Inc.<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.375% | 1692000 | &nbsp;&nbsp; 1722581 |
| 10/15/2033 | &nbsp;&nbsp; 7.750% | 10564000 | &nbsp;&nbsp; 10733027 |
| Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  | Clarios Global LP/US Finance Co.<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 6.750% | 2587000 | &nbsp;&nbsp; 2645555 |
| 02/15/2030 | &nbsp;&nbsp; 6.750% | 2287000 | &nbsp;&nbsp; 2395138 |
| 09/15/2032 | &nbsp;&nbsp; 6.750% | 2969000 | &nbsp;&nbsp; 3082109 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| 06/10/2026 | &nbsp;&nbsp; 6.950% | 1957000 | &nbsp;&nbsp; 1967051 |
| 08/17/2027 | &nbsp;&nbsp; 4.125% | 4839000 | &nbsp;&nbsp; 4821230 |
| Forvia SE<sup>(a)</sup>  | Forvia SE<sup>(a)</sup>  | Forvia SE<sup>(a)</sup>  | Forvia SE<sup>(a)</sup>  |
| 09/15/2033 | &nbsp;&nbsp; 6.750% | 1685000 | &nbsp;&nbsp; 1729957 |
| IHO Verwaltungs GmbH<sup>(a),(i)</sup>  | IHO Verwaltungs GmbH<sup>(a),(i)</sup>  | IHO Verwaltungs GmbH<sup>(a),(i)</sup>  | IHO Verwaltungs GmbH<sup>(a),(i)</sup>  |
| 11/15/2032 | &nbsp;&nbsp; 8.000% | 2729000 | &nbsp;&nbsp; 2911628 |
| Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  | Nissan Motor Acceptance Co. LLC<sup>(a)</sup>  |
| 09/30/2030 | &nbsp;&nbsp; 6.125% | 1581000 | &nbsp;&nbsp; 1584519 |
| Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  | Nissan Motor Co., Ltd.<sup>(a)</sup>  |
| 07/17/2032 | &nbsp;&nbsp; 7.750% | 1322000 | &nbsp;&nbsp; 1412292 |
| 07/17/2035 | &nbsp;&nbsp; 8.125% | 3869000 | &nbsp;&nbsp; 4215662 |
| ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  | ZF North America Capital, Inc.<sup>(a)</sup>  |
| 04/14/2030 | &nbsp;&nbsp; 7.125% | 423000 | &nbsp;&nbsp; 433545 |
| 03/24/2031 | &nbsp;&nbsp; 7.500% | 10900000 | &nbsp;&nbsp; 11226956 |
| 04/23/2032 | &nbsp;&nbsp; 6.875% | 7511000 | &nbsp;&nbsp; 7536721 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **58417971** |
| **Banking 3.2%** | **Banking 3.2%** | **Banking 3.2%** | **Banking 3.2%** |
| Ally Financial, Inc.<sup>(j)</sup>  | Ally Financial, Inc.<sup>(j)</sup>  | Ally Financial, Inc.<sup>(j)</sup>  | Ally Financial, Inc.<sup>(j)</sup>  |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 01/17/2040 | &nbsp;&nbsp; 6.646% | 875000 | &nbsp;&nbsp; 874305 |
| Bank of America Corp.<sup>(j)</sup>  | Bank of America Corp.<sup>(j)</sup>  | Bank of America Corp.<sup>(j)</sup>  | Bank of America Corp.<sup>(j)</sup>  |
| 10/24/2031 | &nbsp;&nbsp; 1.922% | 25418000 | &nbsp;&nbsp; 22910455 |
| 07/21/2032 | &nbsp;&nbsp; 2.299% | 21970000 | &nbsp;&nbsp; 19801794 |
| 10/20/2032 | &nbsp;&nbsp; 2.572% | 29000000 | &nbsp;&nbsp; 26389998 |
| Citigroup, Inc.<sup>(j)</sup>  | Citigroup, Inc.<sup>(j)</sup>  | Citigroup, Inc.<sup>(j)</sup>  | Citigroup, Inc.<sup>(j)</sup>  |
| 09/11/2031 | &nbsp;&nbsp; 4.503% | 10427000 | &nbsp;&nbsp; 10509764 |
| 09/11/2036 | &nbsp;&nbsp; 5.174% | 8414000 | &nbsp;&nbsp; 8555791 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Goldman Sachs Group, Inc. (The)<sup>(j)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(j)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(j)</sup>  | Goldman Sachs Group, Inc. (The)<sup>(j)</sup>  |
| 10/21/2031 | &nbsp;&nbsp; 4.369% | 11264000 | &nbsp;&nbsp; 11264062 |
| 01/21/2032 | &nbsp;&nbsp; 4.516% | 10302000 | &nbsp;&nbsp; 10364632 |
| HSBC Holdings PLC<sup>(j)</sup>  | HSBC Holdings PLC<sup>(j)</sup>  | HSBC Holdings PLC<sup>(j)</sup>  | HSBC Holdings PLC<sup>(j)</sup>  |
| 11/06/2031 | &nbsp;&nbsp; 4.619% | 9529000 | &nbsp;&nbsp; 9635892 |
| JPMorgan Chase & Co.<sup>(j)</sup>  | JPMorgan Chase & Co.<sup>(j)</sup>  | JPMorgan Chase & Co.<sup>(j)</sup>  | JPMorgan Chase & Co.<sup>(j)</sup>  |
| 10/22/2031 | &nbsp;&nbsp; 4.255% | 31495000 | &nbsp;&nbsp; 31574720 |
| 01/22/2032 | &nbsp;&nbsp; 4.347% | 4816000 | &nbsp;&nbsp; 4838334 |
| Morgan Stanley<sup>(j)</sup>  | Morgan Stanley<sup>(j)</sup>  | Morgan Stanley<sup>(j)</sup>  | Morgan Stanley<sup>(j)</sup>  |
| 01/16/2032 | &nbsp;&nbsp; 4.493% | 10482000 | &nbsp;&nbsp; 10535826 |
| 01/30/2037 | &nbsp;&nbsp; 5.073% | 5377000 | &nbsp;&nbsp; 5422368 |
| Subordinated | Subordinated | Subordinated | Subordinated |
| 09/16/2036 | &nbsp;&nbsp; 2.484% | 11675000 | &nbsp;&nbsp; 10330592 |
| Royal Bank of Canada<sup>(j)</sup>  | Royal Bank of Canada<sup>(j)</sup>  | Royal Bank of Canada<sup>(j)</sup>  | Royal Bank of Canada<sup>(j)</sup>  |
| 02/04/2031 | &nbsp;&nbsp; 5.153% | 2713000 | &nbsp;&nbsp; 2812553 |
| 08/06/2031 | &nbsp;&nbsp; 4.696% | 1652000 | &nbsp;&nbsp; 1687585 |
| Wells Fargo & Co.<sup>(j)</sup>  | Wells Fargo & Co.<sup>(j)</sup>  | Wells Fargo & Co.<sup>(j)</sup>  | Wells Fargo & Co.<sup>(j)</sup>  |
| 04/23/2031 | &nbsp;&nbsp; 5.150% | 4249000 | &nbsp;&nbsp; 4397899 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **191906570** |
| **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** | **Brokerage/Asset Managers/Exchanges 0.5%** |
| Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer 2, Inc.<sup>(a)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 10.000% | 3166000 | &nbsp;&nbsp; 3372040 |
| Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  | Aretec Escrow Issuer, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 7.500% | 4801000 | &nbsp;&nbsp; 4744217 |
| Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  | Focus Financial Partners LLC<sup>(a)</sup>  |
| 09/15/2031 | &nbsp;&nbsp; 6.750% | 3152000 | &nbsp;&nbsp; 3149640 |
| Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  | Hightower Holding LLC<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.750% | 3317000 | &nbsp;&nbsp; 3285883 |
| 01/31/2030 | &nbsp;&nbsp; 9.125% | 3291000 | &nbsp;&nbsp; 3416702 |
| Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  | Osaic Holdings, Inc.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 6.750% | 4826000 | &nbsp;&nbsp; 4870436 |
| 08/01/2033 | &nbsp;&nbsp; 8.000% | 5033000 | &nbsp;&nbsp; 5018984 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **27857902** |
| **Building Materials 0.6%** | **Building Materials 0.6%** | **Building Materials 0.6%** | **Building Materials 0.6%** |
| CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  | CP Atlas Buyer, Inc.<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 9.750% | 1504000 | &nbsp;&nbsp; 1504659 |
| James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  | James Hardie International Finance DAC<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.000% | 2465000 | &nbsp;&nbsp; 2460622 |
| JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  | JH North America Holdings, Inc.<sup>(a)</sup>  |
| 01/31/2031 | &nbsp;&nbsp; 5.875% | 695000 | &nbsp;&nbsp; 709620 |
| LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  | LBM Acquisition LLC<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 6.250% | 1496000 | &nbsp;&nbsp; 1139260 |
| 06/15/2031 | &nbsp;&nbsp; 9.500% | 3369000 | &nbsp;&nbsp; 3143275 |
| Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  | Quikrete Holdings, Inc.<sup>(a)</sup>  |
| 03/01/2032 | &nbsp;&nbsp; 6.375% | 8152000 | &nbsp;&nbsp; 8473534 |
| 03/01/2033 | &nbsp;&nbsp; 6.750% | 7282000 | &nbsp;&nbsp; 7567872 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  | QXO Building Products, Inc.<sup>(a)</sup>  |
| 04/30/2032 | &nbsp;&nbsp; 6.750% | 3088000 | &nbsp;&nbsp; 3200328 |
| Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  | Standard Building Solutions, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.500% | 778000 | &nbsp;&nbsp; 801513 |
| 08/01/2033 | &nbsp;&nbsp; 6.250% | 1750000 | &nbsp;&nbsp; 1782084 |
| Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  | Standard Industries, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 4.750% | 4051000 | &nbsp;&nbsp; 4040941 |
| White Cap Supply Holdings LLC<sup>(a)</sup>  | White Cap Supply Holdings LLC<sup>(a)</sup>  | White Cap Supply Holdings LLC<sup>(a)</sup>  | White Cap Supply Holdings LLC<sup>(a)</sup>  |
| 11/15/2030 | &nbsp;&nbsp; 7.375% | 4420000 | &nbsp;&nbsp; 4491211 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **39314919** |
| **Cable and Satellite 1.7%** | **Cable and Satellite 1.7%** | **Cable and Satellite 1.7%** | **Cable and Satellite 1.7%** |
| CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  | CCO Holdings LLC/Capital Corp.<sup>(a)</sup>  |
| 05/01/2027 | &nbsp;&nbsp; 5.125% | 2746000 | &nbsp;&nbsp; 2748864 |
| 02/01/2028 | &nbsp;&nbsp; 5.000% | 2663000 | &nbsp;&nbsp; 2656623 |
| 03/01/2030 | &nbsp;&nbsp; 4.750% | 5677000 | &nbsp;&nbsp; 5488570 |
| 08/15/2030 | &nbsp;&nbsp; 4.500% | 4986000 | &nbsp;&nbsp; 4751413 |
| 02/01/2031 | &nbsp;&nbsp; 4.250% | 2916000 | &nbsp;&nbsp; 2717227 |
| 03/01/2031 | &nbsp;&nbsp; 7.375% | 1145000 | &nbsp;&nbsp; 1181466 |
| 02/01/2032 | &nbsp;&nbsp; 4.750% | 5851000 | &nbsp;&nbsp; 5437329 |
| 02/01/2033 | &nbsp;&nbsp; 7.000% | 3054000 | &nbsp;&nbsp; 3122959 |
| 01/15/2034 | &nbsp;&nbsp; 4.250% | 6182000 | &nbsp;&nbsp; 5396052 |
| 02/01/2036 | &nbsp;&nbsp; 7.375% | 1500000 | &nbsp;&nbsp; 1522618 |
| CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. | CCO Holdings LLC/Capital Corp. |
| 05/01/2032 | &nbsp;&nbsp; 4.500% | 2579000 | &nbsp;&nbsp; 2361475 |
| Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC | Charter Communications Operating LLC |
| 06/30/2062 | &nbsp;&nbsp; 3.950% | 5602000 | &nbsp;&nbsp; 3423822 |
| CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  | CSC Holdings LLC<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 5.500% | 830000 | &nbsp;&nbsp; 702197 |
| 04/01/2028 | &nbsp;&nbsp; 7.500% | 645000 | &nbsp;&nbsp; 362617 |
| 01/31/2029 | &nbsp;&nbsp; 11.750% | 5208000 | &nbsp;&nbsp; 3711616 |
| 02/01/2029 | &nbsp;&nbsp; 6.500% | 1751000 | &nbsp;&nbsp; 1105135 |
| 01/15/2030 | &nbsp;&nbsp; 5.750% | 2329000 | &nbsp;&nbsp; 900996 |
| 12/01/2030 | &nbsp;&nbsp; 4.125% | 3543000 | &nbsp;&nbsp; 2180858 |
| 12/01/2030 | &nbsp;&nbsp; 4.625% | 4159000 | &nbsp;&nbsp; 1539080 |
| 02/15/2031 | &nbsp;&nbsp; 3.375% | 757000 | &nbsp;&nbsp; 452393 |
| DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. | DISH DBS Corp. |
| 07/01/2028 | &nbsp;&nbsp; 7.375% | 720000 | &nbsp;&nbsp; 696266 |
| 06/01/2029 | &nbsp;&nbsp; 5.125% | 1152000 | &nbsp;&nbsp; 1025509 |
| DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  | DISH DBS Corp.<sup>(a)</sup>  |
| 12/01/2028 | &nbsp;&nbsp; 5.750% | 2930000 | &nbsp;&nbsp; 2837806 |
| DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  | DISH Network Corp.<sup>(a)</sup>  |
| 11/15/2027 | &nbsp;&nbsp; 11.750% | 8723000 | &nbsp;&nbsp; 9009805 |
| EchoStar Corp. | EchoStar Corp. | EchoStar Corp. | EchoStar Corp. |
| 11/30/2029 | &nbsp;&nbsp; 10.750% | 6258642 | &nbsp;&nbsp; 6835426 |
| EchoStar Corp.<sup>(i)</sup>  | EchoStar Corp.<sup>(i)</sup>  | EchoStar Corp.<sup>(i)</sup>  | EchoStar Corp.<sup>(i)</sup>  |
| 11/30/2030 | &nbsp;&nbsp; 6.750% | 4145697 | &nbsp;&nbsp; 4202917 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  | Sirius XM Radio, Inc.<sup>(a)</sup>  |
| 09/01/2026 | &nbsp;&nbsp; 3.125% | 2513000 | &nbsp;&nbsp; 2499410 |
| 08/01/2027 | &nbsp;&nbsp; 5.000% | 5091000 | &nbsp;&nbsp; 5090158 |
| 07/15/2028 | &nbsp;&nbsp; 4.000% | 2580000 | &nbsp;&nbsp; 2519136 |
| 07/01/2029 | &nbsp;&nbsp; 5.500% | 1278000 | &nbsp;&nbsp; 1278768 |
| 07/01/2030 | &nbsp;&nbsp; 4.125% | 2187000 | &nbsp;&nbsp; 2060760 |
| Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  | Virgin Media Finance PLC<sup>(a)</sup>  |
| 07/15/2030 | &nbsp;&nbsp; 5.000% | 3058000 | &nbsp;&nbsp; 2565973 |
| Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  | Virgin Media Secured Finance PLC<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 5.500% | 2170000 | &nbsp;&nbsp; 2109711 |
| VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  | VZ Secured Financing BV<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 5.000% | 8542000 | &nbsp;&nbsp; 7593606 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **102088561** |
| **Chemicals 2.4%** | **Chemicals 2.4%** | **Chemicals 2.4%** | **Chemicals 2.4%** |
| Ashland LLC<sup>(a)</sup>  | Ashland LLC<sup>(a)</sup>  | Ashland LLC<sup>(a)</sup>  | Ashland LLC<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 3.375% | 5270000 | &nbsp;&nbsp; 4839732 |
| Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  | Avient Corp.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 7.125% | 1644000 | &nbsp;&nbsp; 1693671 |
| 11/01/2031 | &nbsp;&nbsp; 6.250% | 1268000 | &nbsp;&nbsp; 1308814 |
| Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 7.250% | 1833000 | &nbsp;&nbsp; 1927231 |
| Celanese US Holdings LLC | Celanese US Holdings LLC | Celanese US Holdings LLC | Celanese US Holdings LLC |
| 04/15/2030 | &nbsp;&nbsp; 6.500% | 673000 | &nbsp;&nbsp; 688240 |
| 02/15/2031 | &nbsp;&nbsp; 7.000% | 1495000 | &nbsp;&nbsp; 1540891 |
| 07/15/2032 | &nbsp;&nbsp; 6.879% | 855000 | &nbsp;&nbsp; 900706 |
| 04/15/2033 | &nbsp;&nbsp; 6.750% | 1687000 | &nbsp;&nbsp; 1730359 |
| 11/15/2033 | &nbsp;&nbsp; 7.200% | 2415000 | &nbsp;&nbsp; 2596033 |
| 02/15/2034 | &nbsp;&nbsp; 7.375% | 1938000 | &nbsp;&nbsp; 1989433 |
| Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  | Element Solutions, Inc.<sup>(a)</sup>  |
| 09/01/2028 | &nbsp;&nbsp; 3.875% | 3427000 | &nbsp;&nbsp; 3368487 |
| HB Fuller Co. | HB Fuller Co. | HB Fuller Co. | HB Fuller Co. |
| 10/15/2028 | &nbsp;&nbsp; 4.250% | 3430000 | &nbsp;&nbsp; 3381106 |
| Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  | Herens Holdco Sarl<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.750% | 2783000 | &nbsp;&nbsp; 2447661 |
| Illuminate Buyer LLC/Holdings IV, Inc.<sup>(a)</sup>  | Illuminate Buyer LLC/Holdings IV, Inc.<sup>(a)</sup>  | Illuminate Buyer LLC/Holdings IV, Inc.<sup>(a)</sup>  | Illuminate Buyer LLC/Holdings IV, Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 9.000% | 343000 | &nbsp;&nbsp; 342512 |
| INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  | INEOS Finance PLC<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 6.750% | 15295000 | &nbsp;&nbsp; 14169340 |
| 04/15/2029 | &nbsp;&nbsp; 7.500% | 24631000 | &nbsp;&nbsp; 21955129 |
| INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  | INEOS Quattro Finance 2 PLC<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 9.625% | 7315000 | &nbsp;&nbsp; 6272655 |
| Ingevity Corp.<sup>(a)</sup>  | Ingevity Corp.<sup>(a)</sup>  | Ingevity Corp.<sup>(a)</sup>  | Ingevity Corp.<sup>(a)</sup>  |
| 11/01/2028 | &nbsp;&nbsp; 3.875% | 1799000 | &nbsp;&nbsp; 1755067 |
| Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  | Innophos Holdings, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 11.500% | 5949075 | &nbsp;&nbsp; 5351915 |
| Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  | Inversion Escrow Issuer LLC<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 6.750% | 4419000 | &nbsp;&nbsp; 4355078 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  | Olympus Water US Holding Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 4.250% | 3005000 | &nbsp;&nbsp; 2923283 |
| 10/01/2029 | &nbsp;&nbsp; 6.250% | 2907000 | &nbsp;&nbsp; 2854077 |
| 06/15/2031 | &nbsp;&nbsp; 7.250% | 3919000 | &nbsp;&nbsp; 4011573 |
| 02/15/2033 | &nbsp;&nbsp; 7.250% | 15238000 | &nbsp;&nbsp; 15176766 |
| Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  | Qnity Electronics, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 5.750% | 1621000 | &nbsp;&nbsp; 1658568 |
| 08/15/2033 | &nbsp;&nbsp; 6.250% | 1300000 | &nbsp;&nbsp; 1350697 |
| SPCM SA<sup>(a)</sup>  | SPCM SA<sup>(a)</sup>  | SPCM SA<sup>(a)</sup>  | SPCM SA<sup>(a)</sup>  |
| 03/15/2027 | &nbsp;&nbsp; 3.125% | 1001000 | &nbsp;&nbsp; 985415 |
| Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  | Tronox, Inc.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 4.625% | 2701000 | &nbsp;&nbsp; 2093644 |
| 09/30/2030 | &nbsp;&nbsp; 9.125% | 3789000 | &nbsp;&nbsp; 3734209 |
| WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  | WR Grace Holdings LLC<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 5.625% | 14147000 | &nbsp;&nbsp; 13554267 |
| 03/01/2031 | &nbsp;&nbsp; 7.375% | 2144000 | &nbsp;&nbsp; 2198648 |
| 08/15/2032 | &nbsp;&nbsp; 6.625% | 11895000 | &nbsp;&nbsp; 12023110 |
| 08/01/2033 | &nbsp;&nbsp; 7.000% | 1375000 | &nbsp;&nbsp; 1398893 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **146577210** |
| **Construction Machinery 0.3%** | **Construction Machinery 0.3%** | **Construction Machinery 0.3%** | **Construction Machinery 0.3%** |
| Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  | Herc Holdings, Inc.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 7.000% | 2402000 | &nbsp;&nbsp; 2516462 |
| 03/15/2031 | &nbsp;&nbsp; 5.750% | 854000 | &nbsp;&nbsp; 865764 |
| 06/15/2033 | &nbsp;&nbsp; 7.250% | 7283000 | &nbsp;&nbsp; 7686930 |
| 03/15/2034 | &nbsp;&nbsp; 6.000% | 2383000 | &nbsp;&nbsp; 2396728 |
| Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  | Ritchie Bros Holdings, Inc.<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 6.750% | 2519000 | &nbsp;&nbsp; 2562128 |
| 03/15/2031 | &nbsp;&nbsp; 7.750% | 611000 | &nbsp;&nbsp; 635132 |
| Synergy Infrastructure Holdings LLC<sup>(a)</sup>  | Synergy Infrastructure Holdings LLC<sup>(a)</sup>  | Synergy Infrastructure Holdings LLC<sup>(a)</sup>  | Synergy Infrastructure Holdings LLC<sup>(a)</sup>  |
| 12/01/2030 | &nbsp;&nbsp; 7.875% | 2702000 | &nbsp;&nbsp; 2819729 |
| United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. |
| 07/15/2030 | &nbsp;&nbsp; 4.000% | 897000 | &nbsp;&nbsp; 872897 |
| 01/15/2032 | &nbsp;&nbsp; 3.750% | 997000 | &nbsp;&nbsp; 941537 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **21297307** |
| **Consumer Cyclical Services 0.3%** | **Consumer Cyclical Services 0.3%** | **Consumer Cyclical Services 0.3%** | **Consumer Cyclical Services 0.3%** |
| Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  | Arches Buyer, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.250% | 2489000 | &nbsp;&nbsp; 2412762 |
| 12/01/2028 | &nbsp;&nbsp; 6.125% | 7511000 | &nbsp;&nbsp; 7082246 |
| ASGN, Inc.<sup>(a)</sup>  | ASGN, Inc.<sup>(a)</sup>  | ASGN, Inc.<sup>(a)</sup>  | ASGN, Inc.<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.625% | 2024000 | &nbsp;&nbsp; 1962961 |
| Garda World Security Corp.<sup>(a)</sup>  | Garda World Security Corp.<sup>(a)</sup>  | Garda World Security Corp.<sup>(a)</sup>  | Garda World Security Corp.<sup>(a)</sup>  |
| 11/15/2032 | &nbsp;&nbsp; 8.375% | 1495000 | &nbsp;&nbsp; 1530320 |
| Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  | Match Group Holdings II LLC<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 3.625% | 1528000 | &nbsp;&nbsp; 1386120 |
| Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  | Match Group, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.625% | 2407000 | &nbsp;&nbsp; 2378948 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **16753357** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Consumer Products 0.2%** | **Consumer Products 0.2%** | **Consumer Products 0.2%** | **Consumer Products 0.2%** |
| CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  | CD&R Smokey Buyer, Inc./Radio Systems Corp.<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 9.500% | 1324000 | &nbsp;&nbsp; 1089482 |
| Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  | Newell Brands, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 8.500% | 360000 | &nbsp;&nbsp; 378904 |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| 05/15/2030 | &nbsp;&nbsp; 6.375% | 2454000 | &nbsp;&nbsp; 2461915 |
| 05/15/2032 | &nbsp;&nbsp; 6.625% | 3349000 | &nbsp;&nbsp; 3349227 |
| Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  | Opal Bidco SAS<sup>(a)</sup>  |
| 03/31/2032 | &nbsp;&nbsp; 6.500% | 2700000 | &nbsp;&nbsp; 2780077 |
| Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) | Scotts Miracle-Gro Co. (The) |
| 04/01/2031 | &nbsp;&nbsp; 4.000% | 1855000 | &nbsp;&nbsp; 1754643 |
| Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. |
| 06/15/2030 | &nbsp;&nbsp; 6.125% | 569000 | &nbsp;&nbsp; 570790 |
| 06/15/2033 | &nbsp;&nbsp; 6.500% | 593000 | &nbsp;&nbsp; 592516 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **12977554** |
| **Diversified Manufacturing 0.9%** | **Diversified Manufacturing 0.9%** | **Diversified Manufacturing 0.9%** | **Diversified Manufacturing 0.9%** |
| Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  | Amsted Industries, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.375% | 554000 | &nbsp;&nbsp; 575996 |
| Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. |
| 02/15/2030 | &nbsp;&nbsp; 2.722% | 16226000 | &nbsp;&nbsp; 15418619 |
| Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  | Chart Industries, Inc.<sup>(a)</sup>  |
| 01/01/2030 | &nbsp;&nbsp; 7.500% | 1355000 | &nbsp;&nbsp; 1409622 |
| Columbus McKinnon Corp.<sup>(a)</sup>  | Columbus McKinnon Corp.<sup>(a)</sup>  | Columbus McKinnon Corp.<sup>(a)</sup>  | Columbus McKinnon Corp.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 7.125% | 864000 | &nbsp;&nbsp; 890650 |
| Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  | Emerald Debt Merger Sub LLC<sup>(a)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 6.625% | 7652000 | &nbsp;&nbsp; 7922179 |
| EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  | EMRLD Borrower LP/Co-Issuer, Inc.<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 6.750% | 1526000 | &nbsp;&nbsp; 1590491 |
| Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  | Esab Corp.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.250% | 1153000 | &nbsp;&nbsp; 1183505 |
| Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  | Gates Corp. (The)<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 6.875% | 1888000 | &nbsp;&nbsp; 1964671 |
| Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  | Madison IAQ LLC<sup>(a)</sup>  |
| 06/30/2029 | &nbsp;&nbsp; 5.875% | 4084000 | &nbsp;&nbsp; 4075177 |
| Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  | Resideo Funding, Inc.<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 4.000% | 3005000 | &nbsp;&nbsp; 2928568 |
| Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  | Vertical US Newco, Inc.<sup>(a)</sup>  |
| 07/15/2027 | &nbsp;&nbsp; 5.250% | 1598000 | &nbsp;&nbsp; 1595897 |
| WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  | WESCO Distribution, Inc.<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 7.250% | 3427000 | &nbsp;&nbsp; 3453019 |
| 03/15/2029 | &nbsp;&nbsp; 6.375% | 2103000 | &nbsp;&nbsp; 2162818 |
| 04/15/2031 | &nbsp;&nbsp; 5.250% | 995000 | &nbsp;&nbsp; 998167 |
| 03/15/2032 | &nbsp;&nbsp; 6.625% | 2702000 | &nbsp;&nbsp; 2809224 |
| 03/15/2033 | &nbsp;&nbsp; 6.375% | 1163000 | &nbsp;&nbsp; 1213409 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 04/15/2034 | &nbsp;&nbsp; 5.500% | 1669000 | &nbsp;&nbsp; 1681678 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **51873690** |
| **Electric 1.9%** | **Electric 1.9%** | **Electric 1.9%** | **Electric 1.9%** |
| AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. | AEP Texas, Inc. |
| 01/15/2050 | &nbsp;&nbsp; 3.450% | 4245000 | &nbsp;&nbsp; 2969530 |
| Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  | Alpha Generation LLC<sup>(a)</sup>  |
| 10/15/2032 | &nbsp;&nbsp; 6.750% | 1428000 | &nbsp;&nbsp; 1485051 |
| 01/15/2034 | &nbsp;&nbsp; 6.250% | 1644000 | &nbsp;&nbsp; 1665110 |
| California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  | California Buyer Ltd./Atlantica Sustainable Infrastructure PLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 6.375% | 2603000 | &nbsp;&nbsp; 2592168 |
| Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  | Clearway Energy Operating LLC<sup>(a)</sup>  |
| 03/15/2028 | &nbsp;&nbsp; 4.750% | 910000 | &nbsp;&nbsp; 907593 |
| 02/15/2031 | &nbsp;&nbsp; 3.750% | 4205000 | &nbsp;&nbsp; 3984134 |
| 01/15/2032 | &nbsp;&nbsp; 3.750% | 3452000 | &nbsp;&nbsp; 3206035 |
| 01/15/2034 | &nbsp;&nbsp; 5.750% | 1458000 | &nbsp;&nbsp; 1477276 |
| DTE Energy Co. | DTE Energy Co. | DTE Energy Co. | DTE Energy Co. |
| 07/01/2027 | &nbsp;&nbsp; 4.950% | 8485000 | &nbsp;&nbsp; 8585024 |
| Edison International | Edison International | Edison International | Edison International |
| 11/15/2028 | &nbsp;&nbsp; 5.250% | 7553000 | &nbsp;&nbsp; 7695496 |
| Leeward Renewable Energy Operations LLC<sup>(a)</sup>  | Leeward Renewable Energy Operations LLC<sup>(a)</sup>  | Leeward Renewable Energy Operations LLC<sup>(a)</sup>  | Leeward Renewable Energy Operations LLC<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.250% | 1411000 | &nbsp;&nbsp; 1329155 |
| Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  | Long Ridge Energy LLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.750% | 2970000 | &nbsp;&nbsp; 3189180 |
| NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  | NextEra Energy Operating Partners LP<sup>(a)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 4.500% | 2892000 | &nbsp;&nbsp; 2878684 |
| 01/15/2029 | &nbsp;&nbsp; 7.250% | 4566000 | &nbsp;&nbsp; 4731638 |
| NRG Energy, Inc. | NRG Energy, Inc. | NRG Energy, Inc. | NRG Energy, Inc. |
| 01/15/2028 | &nbsp;&nbsp; 5.750% | 1251000 | &nbsp;&nbsp; 1251357 |
| NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 3.375% | 1229000 | &nbsp;&nbsp; 1183963 |
| 06/15/2029 | &nbsp;&nbsp; 5.250% | 2719000 | &nbsp;&nbsp; 2729025 |
| 07/15/2029 | &nbsp;&nbsp; 5.750% | 1030000 | &nbsp;&nbsp; 1032427 |
| 02/15/2032 | &nbsp;&nbsp; 3.875% | 3750000 | &nbsp;&nbsp; 3511212 |
| 02/01/2033 | &nbsp;&nbsp; 6.000% | 1981000 | &nbsp;&nbsp; 2030239 |
| 01/15/2034 | &nbsp;&nbsp; 5.750% | 2449000 | &nbsp;&nbsp; 2483631 |
| 11/01/2034 | &nbsp;&nbsp; 6.250% | 2574000 | &nbsp;&nbsp; 2661987 |
| 01/15/2036 | &nbsp;&nbsp; 6.000% | 2449000 | &nbsp;&nbsp; 2492553 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| 07/01/2050 | &nbsp;&nbsp; 4.950% | 8005000 | &nbsp;&nbsp; 6909234 |
| Pattern Energy Operations LP/Inc.<sup>(a)</sup>  | Pattern Energy Operations LP/Inc.<sup>(a)</sup>  | Pattern Energy Operations LP/Inc.<sup>(a)</sup>  | Pattern Energy Operations LP/Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 4.500% | 1390000 | &nbsp;&nbsp; 1373652 |
| PG&E Corp.<sup>(j)</sup>  | PG&E Corp.<sup>(j)</sup>  | PG&E Corp.<sup>(j)</sup>  | PG&E Corp.<sup>(j)</sup>  |
| 03/15/2055 | &nbsp;&nbsp; 7.375% | 1919000 | &nbsp;&nbsp; 1986580 |
| 09/15/2056 | &nbsp;&nbsp; 6.850% | 672000 | &nbsp;&nbsp; 671187 |
| Talen Energy Supply LLC<sup>(a)</sup>  | Talen Energy Supply LLC<sup>(a)</sup>  | Talen Energy Supply LLC<sup>(a)</sup>  | Talen Energy Supply LLC<sup>(a)</sup>  |
| 02/01/2034 | &nbsp;&nbsp; 6.250% | 2887000 | &nbsp;&nbsp; 2937546 |
| 02/01/2036 | &nbsp;&nbsp; 6.500% | 2887000 | &nbsp;&nbsp; 2967905 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  | TerraForm Power Operating LLC<sup>(a)</sup>  |
| 01/31/2028 | &nbsp;&nbsp; 5.000% | 1334000 | &nbsp;&nbsp; 1335718 |
| 01/15/2030 | &nbsp;&nbsp; 4.750% | 5930000 | &nbsp;&nbsp; 5805954 |
| Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  | Vistra Operations Co. LLC<sup>(a)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 5.625% | 3311000 | &nbsp;&nbsp; 3309209 |
| 07/31/2027 | &nbsp;&nbsp; 5.000% | 1280000 | &nbsp;&nbsp; 1279992 |
| 05/01/2029 | &nbsp;&nbsp; 4.375% | 1350000 | &nbsp;&nbsp; 1335609 |
| 10/15/2031 | &nbsp;&nbsp; 7.750% | 3834000 | &nbsp;&nbsp; 4050196 |
| 04/15/2032 | &nbsp;&nbsp; 6.875% | 1408000 | &nbsp;&nbsp; 1480170 |
| VoltaGrid LLC<sup>(a)</sup>  | VoltaGrid LLC<sup>(a)</sup>  | VoltaGrid LLC<sup>(a)</sup>  | VoltaGrid LLC<sup>(a)</sup>  |
| 11/01/2030 | &nbsp;&nbsp; 7.375% | 2662000 | &nbsp;&nbsp; 2778470 |
| XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 8.375% | 2256000 | &nbsp;&nbsp; 2386772 |
| 03/15/2033 | &nbsp;&nbsp; 8.625% | 3776000 | &nbsp;&nbsp; 3996451 |
| 04/15/2034 | &nbsp;&nbsp; 7.750% | 2781000 | &nbsp;&nbsp; 2882459 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **113559572** |
| **Environmental 0.2%** | **Environmental 0.2%** | **Environmental 0.2%** | **Environmental 0.2%** |
| GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  | GFL Environmental, Inc.<sup>(a)</sup>  |
| 08/01/2028 | &nbsp;&nbsp; 4.000% | 2000000 | &nbsp;&nbsp; 1968744 |
| 01/15/2031 | &nbsp;&nbsp; 6.750% | 3195000 | &nbsp;&nbsp; 3350046 |
| Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  | Waste Pro USA, Inc.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 7.000% | 4565000 | &nbsp;&nbsp; 4753606 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **10072396** |
| **Finance Companies 1.3%** | **Finance Companies 1.3%** | **Finance Companies 1.3%** | **Finance Companies 1.3%** |
| Bread Financial Holdings, Inc.<sup>(a)</sup>  | Bread Financial Holdings, Inc.<sup>(a)</sup>  | Bread Financial Holdings, Inc.<sup>(a)</sup>  | Bread Financial Holdings, Inc.<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 6.750% | 718000 | &nbsp;&nbsp; 732749 |
| CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 6.500% | 1678000 | &nbsp;&nbsp; 1673630 |
| GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  | GGAM Finance Ltd.<sup>(a)</sup>  |
| 02/15/2027 | &nbsp;&nbsp; 8.000% | 2781000 | &nbsp;&nbsp; 2815326 |
| 04/15/2029 | &nbsp;&nbsp; 6.875% | 1579000 | &nbsp;&nbsp; 1627772 |
| 03/15/2030 | &nbsp;&nbsp; 5.875% | 2325000 | &nbsp;&nbsp; 2374872 |
| goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  | goeasy Ltd.<sup>(a)</sup>  |
| 12/01/2028 | &nbsp;&nbsp; 9.250% | 225000 | &nbsp;&nbsp; 223177 |
| 07/01/2029 | &nbsp;&nbsp; 7.625% | 3240000 | &nbsp;&nbsp; 3038241 |
| 05/15/2030 | &nbsp;&nbsp; 6.875% | 486000 | &nbsp;&nbsp; 433159 |
| 10/01/2030 | &nbsp;&nbsp; 7.375% | 485000 | &nbsp;&nbsp; 429777 |
| 02/15/2031 | &nbsp;&nbsp; 6.875% | 1060000 | &nbsp;&nbsp; 914224 |
| Navient Corp. | Navient Corp. | Navient Corp. | Navient Corp. |
| 03/15/2027 | &nbsp;&nbsp; 5.000% | 2610000 | &nbsp;&nbsp; 2566667 |
| 03/15/2029 | &nbsp;&nbsp; 5.500% | 2579000 | &nbsp;&nbsp; 2408855 |
| 03/15/2031 | &nbsp;&nbsp; 11.500% | 1007000 | &nbsp;&nbsp; 1068637 |
| OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. |
| 05/15/2029 | &nbsp;&nbsp; 6.625% | 2679000 | &nbsp;&nbsp; 2739176 |
| 03/15/2030 | &nbsp;&nbsp; 7.875% | 2502000 | &nbsp;&nbsp; 2617204 |
| 09/15/2030 | &nbsp;&nbsp; 4.000% | 1882000 | &nbsp;&nbsp; 1737451 |
| 05/15/2031 | &nbsp;&nbsp; 7.500% | 1847000 | &nbsp;&nbsp; 1906885 |
| 11/15/2031 | &nbsp;&nbsp; 7.125% | 817000 | &nbsp;&nbsp; 835868 |
| 03/15/2032 | &nbsp;&nbsp; 6.750% | 1330000 | &nbsp;&nbsp; 1341505 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| 09/15/2032 | &nbsp;&nbsp; 7.125% | 2736000 | &nbsp;&nbsp; 2797935 |
| 03/15/2033 | &nbsp;&nbsp; 6.500% | 4018000 | &nbsp;&nbsp; 3985459 |
| 09/15/2033 | &nbsp;&nbsp; 6.750% | 3017000 | &nbsp;&nbsp; 2994809 |
| Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  | Provident Funding Associates LP/PFG Finance Corp.<sup>(a)</sup>  |
| 09/15/2029 | &nbsp;&nbsp; 9.750% | 7025000 | &nbsp;&nbsp; 7310578 |
| Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  | Rocket Cos, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 6.125% | 1432000 | &nbsp;&nbsp; 1468268 |
| 08/01/2033 | &nbsp;&nbsp; 6.375% | 1826000 | &nbsp;&nbsp; 1888227 |
| Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  | Rocket Mortgage LLC/Co-Issuer, Inc.<sup>(a)</sup>  |
| 03/01/2031 | &nbsp;&nbsp; 3.875% | 3811000 | &nbsp;&nbsp; 3581560 |
| 10/15/2033 | &nbsp;&nbsp; 4.000% | 8002000 | &nbsp;&nbsp; 7346087 |
| Springleaf Finance Corp. | Springleaf Finance Corp. | Springleaf Finance Corp. | Springleaf Finance Corp. |
| 11/15/2029 | &nbsp;&nbsp; 5.375% | 169000 | &nbsp;&nbsp; 167138 |
| United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  | United Wholesale Mortgage LLC<sup>(a)</sup>  |
| 06/15/2027 | &nbsp;&nbsp; 5.750% | 2863000 | &nbsp;&nbsp; 2848984 |
| 04/15/2029 | &nbsp;&nbsp; 5.500% | 3899000 | &nbsp;&nbsp; 3820565 |
| UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  | UWM Holdings LLC<sup>(a)</sup>  |
| 02/01/2030 | &nbsp;&nbsp; 6.625% | 3760000 | &nbsp;&nbsp; 3731020 |
| 03/15/2031 | &nbsp;&nbsp; 6.250% | 4426000 | &nbsp;&nbsp; 4269003 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **77694808** |
| **Food and Beverage 1.5%** | **Food and Beverage 1.5%** | **Food and Beverage 1.5%** | **Food and Beverage 1.5%** |
| Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  | Bacardi Ltd.<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.700% | 2526000 | &nbsp;&nbsp; 2547956 |
| 05/15/2048 | &nbsp;&nbsp; 5.300% | 12120000 | &nbsp;&nbsp; 11146656 |
| Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  | Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  | Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  | Bacardi Ltd./Bacardi-Martini BV<sup>(a)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 5.400% | 27914000 | &nbsp;&nbsp; 28450568 |
| Chobani Holdco II LLC<sup>(a),(i)</sup>  | Chobani Holdco II LLC<sup>(a),(i)</sup>  | Chobani Holdco II LLC<sup>(a),(i)</sup>  | Chobani Holdco II LLC<sup>(a),(i)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 8.750% | 5235448 | &nbsp;&nbsp; 5621593 |
| Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  | Chobani LLC/Finance Corp., Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 7.625% | 2923000 | &nbsp;&nbsp; 3045207 |
| Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. |
| 08/01/2029 | &nbsp;&nbsp; 3.150% | 4232000 | &nbsp;&nbsp; 4113957 |
| Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  | Darling Ingredients, Inc.<sup>(a)</sup>  |
| 04/15/2027 | &nbsp;&nbsp; 5.250% | 2845000 | &nbsp;&nbsp; 2844897 |
| Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)</sup>  |
| 05/15/2028 | &nbsp;&nbsp; 4.875% | 893000 | &nbsp;&nbsp; 893860 |
| 01/31/2030 | &nbsp;&nbsp; 4.125% | 2124000 | &nbsp;&nbsp; 2058803 |
| Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  | Performance Food Group, Inc.<sup>(a)</sup>  |
| 09/15/2032 | &nbsp;&nbsp; 6.125% | 1143000 | &nbsp;&nbsp; 1174620 |
| Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  | Post Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 4.625% | 1287000 | &nbsp;&nbsp; 1261116 |
| 09/15/2031 | &nbsp;&nbsp; 4.500% | 6210000 | &nbsp;&nbsp; 5938234 |
| 02/15/2032 | &nbsp;&nbsp; 6.250% | 1824000 | &nbsp;&nbsp; 1876570 |
| 03/01/2033 | &nbsp;&nbsp; 6.375% | 1039000 | &nbsp;&nbsp; 1058389 |
| 10/15/2034 | &nbsp;&nbsp; 6.250% | 750000 | &nbsp;&nbsp; 766139 |
| 03/15/2036 | &nbsp;&nbsp; 6.500% | 1012000 | &nbsp;&nbsp; 1028178 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  | Primo Water Holdings, Inc./Triton Water Holdings, Inc.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 6.250% | 3257000 | &nbsp;&nbsp; 3256837 |
| 04/30/2029 | &nbsp;&nbsp; 4.375% | 3350000 | &nbsp;&nbsp; 3283760 |
| Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  | Simmons Foods, Inc./Prepared Foods, Inc./Pet Food, Inc./Feed<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 4.625% | 3538000 | &nbsp;&nbsp; 3407301 |
| US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  | US Foods, Inc.<sup>(a)</sup>  |
| 09/15/2028 | &nbsp;&nbsp; 6.875% | 1558000 | &nbsp;&nbsp; 1606633 |
| 02/15/2029 | &nbsp;&nbsp; 4.750% | 967000 | &nbsp;&nbsp; 961961 |
| 06/01/2030 | &nbsp;&nbsp; 4.625% | 3348000 | &nbsp;&nbsp; 3314491 |
| 01/15/2032 | &nbsp;&nbsp; 7.250% | 1450000 | &nbsp;&nbsp; 1518739 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **91176465** |
| **Gaming 0.8%** | **Gaming 0.8%** | **Gaming 0.8%** | **Gaming 0.8%** |
| Boyd Gaming Corp. | Boyd Gaming Corp. | Boyd Gaming Corp. | Boyd Gaming Corp. |
| 12/01/2027 | &nbsp;&nbsp; 4.750% | 1974000 | &nbsp;&nbsp; 1971211 |
| Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  | Caesars Entertainment, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.000% | 2332000 | &nbsp;&nbsp; 2391751 |
| 02/15/2032 | &nbsp;&nbsp; 6.500% | 4045000 | &nbsp;&nbsp; 4109448 |
| 10/15/2032 | &nbsp;&nbsp; 6.000% | 3700000 | &nbsp;&nbsp; 3616750 |
| Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  | Churchill Downs, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 4.750% | 2174000 | &nbsp;&nbsp; 2166960 |
| 05/01/2031 | &nbsp;&nbsp; 6.750% | 1149000 | &nbsp;&nbsp; 1184439 |
| Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  | Light & Wonder International, Inc.<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 7.500% | 330000 | &nbsp;&nbsp; 344372 |
| 10/01/2033 | &nbsp;&nbsp; 6.250% | 3000000 | &nbsp;&nbsp; 3010615 |
| MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International |
| 09/15/2029 | &nbsp;&nbsp; 6.125% | 1908000 | &nbsp;&nbsp; 1960600 |
| Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  | Midwest Gaming Borrower LLC<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 4.875% | 2730000 | &nbsp;&nbsp; 2683299 |
| Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  | Penn National Gaming, Inc.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.125% | 4224000 | &nbsp;&nbsp; 3985311 |
| Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  | Rivers Enterprise Borrower LLC/Finance Corp.<sup>(a)</sup>  |
| 02/01/2033 | &nbsp;&nbsp; 6.625% | 5384000 | &nbsp;&nbsp; 5526935 |
| Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  | Rivers Enterprise Lender LLC/Corp.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 6.250% | 2193000 | &nbsp;&nbsp; 2241090 |
| Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  | Scientific Games Holdings LP/US FinCo, Inc.<sup>(a)</sup>  |
| 03/01/2030 | &nbsp;&nbsp; 6.625% | 10689000 | &nbsp;&nbsp; 9694626 |
| Scientific Games International, Inc.<sup>(a)</sup>  | Scientific Games International, Inc.<sup>(a)</sup>  | Scientific Games International, Inc.<sup>(a)</sup>  | Scientific Games International, Inc.<sup>(a)</sup>  |
| 11/15/2029 | &nbsp;&nbsp; 7.250% | 2450000 | &nbsp;&nbsp; 2511405 |
| Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  | Voyager Parent LLC<sup>(a)</sup>  |
| 07/01/2032 | &nbsp;&nbsp; 9.250% | 3464000 | &nbsp;&nbsp; 3698162 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **51096974** |
| **Health Care 2.3%** | **Health Care 2.3%** | **Health Care 2.3%** | **Health Care 2.3%** |
| Abbott Laboratories<sup>(h)</sup>  | Abbott Laboratories<sup>(h)</sup>  | Abbott Laboratories<sup>(h)</sup>  | Abbott Laboratories<sup>(h)</sup>  |
| 03/15/2036 | &nbsp;&nbsp; 4.650% | 7441000 | &nbsp;&nbsp; 7436866 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  | Acadia Healthcare Co., Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 5.500% | 2108000 | &nbsp;&nbsp; 2101825 |
| 04/15/2029 | &nbsp;&nbsp; 5.000% | 4353000 | &nbsp;&nbsp; 4262464 |
| 03/15/2033 | &nbsp;&nbsp; 7.375% | 4296000 | &nbsp;&nbsp; 4431028 |
| Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  | Avantor Funding, Inc.<sup>(a)</sup>  |
| 07/15/2028 | &nbsp;&nbsp; 4.625% | 1819000 | &nbsp;&nbsp; 1801774 |
| 11/01/2029 | &nbsp;&nbsp; 3.875% | 4861000 | &nbsp;&nbsp; 4634199 |
| Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  | Bausch & Lomb Escrow Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 8.375% | 2463000 | &nbsp;&nbsp; 2559314 |
| Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  | Charles River Laboratories International, Inc.<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 4.250% | 455000 | &nbsp;&nbsp; 448216 |
| 03/15/2029 | &nbsp;&nbsp; 3.750% | 1124000 | &nbsp;&nbsp; 1083011 |
| 03/15/2031 | &nbsp;&nbsp; 4.000% | 975000 | &nbsp;&nbsp; 920215 |
| CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 6.875% | 2281000 | &nbsp;&nbsp; 2201274 |
| 05/15/2030 | &nbsp;&nbsp; 5.250% | 4449000 | &nbsp;&nbsp; 4275928 |
| 02/15/2031 | &nbsp;&nbsp; 4.750% | 2397000 | &nbsp;&nbsp; 2199797 |
| 01/15/2032 | &nbsp;&nbsp; 10.875% | 805000 | &nbsp;&nbsp; 873574 |
| Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  | Concentra Escrow Issuer Corp.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 6.875% | 6249000 | &nbsp;&nbsp; 6532947 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 03/25/2038 | &nbsp;&nbsp; 4.780% | 6770000 | &nbsp;&nbsp; 6460638 |
| DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  | DaVita, Inc.<sup>(a)</sup>  |
| 07/15/2033 | &nbsp;&nbsp; 6.750% | 2036000 | &nbsp;&nbsp; 2115147 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 02/01/2029 | &nbsp;&nbsp; 5.875% | 2135000 | &nbsp;&nbsp; 2223693 |
| 09/01/2030 | &nbsp;&nbsp; 3.500% | 21231000 | &nbsp;&nbsp; 20566416 |
| Indigo Merger Sub, Inc.<sup>(a)</sup>  | Indigo Merger Sub, Inc.<sup>(a)</sup>  | Indigo Merger Sub, Inc.<sup>(a)</sup>  | Indigo Merger Sub, Inc.<sup>(a)</sup>  |
| 07/15/2026 | &nbsp;&nbsp; 2.875% | 499000 | &nbsp;&nbsp; 495034 |
| IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  | IQVIA, Inc.<sup>(a)</sup>  |
| 10/15/2026 | &nbsp;&nbsp; 5.000% | 823000 | &nbsp;&nbsp; 822106 |
| 05/15/2027 | &nbsp;&nbsp; 5.000% | 1864000 | &nbsp;&nbsp; 1860056 |
| 05/15/2030 | &nbsp;&nbsp; 6.500% | 993000 | &nbsp;&nbsp; 1020451 |
| 06/01/2032 | &nbsp;&nbsp; 6.250% | 3389000 | &nbsp;&nbsp; 3492146 |
| LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  | LifePoint Health, Inc.<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 11.000% | 3358000 | &nbsp;&nbsp; 3648604 |
| Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  | Mozart Debt Merger Sub, Inc.<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 5.250% | 6635000 | &nbsp;&nbsp; 6638731 |
| Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  | Select Medical Corp.<sup>(a)</sup>  |
| 12/01/2032 | &nbsp;&nbsp; 6.250% | 1314000 | &nbsp;&nbsp; 1281581 |
| Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  | Star Parent, Inc.<sup>(a)</sup>  |
| 10/01/2030 | &nbsp;&nbsp; 9.000% | 6236000 | &nbsp;&nbsp; 6331297 |
| Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  | Surgery Center Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 7.250% | 7615000 | &nbsp;&nbsp; 7605627 |
| Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. | Tenet Healthcare Corp. |
| 11/01/2027 | &nbsp;&nbsp; 5.125% | 2981000 | &nbsp;&nbsp; 2982334 |
| 10/01/2028 | &nbsp;&nbsp; 6.125% | 1848000 | &nbsp;&nbsp; 1852869 |
| 01/15/2030 | &nbsp;&nbsp; 4.375% | 6601000 | &nbsp;&nbsp; 6479404 |
| 05/15/2031 | &nbsp;&nbsp; 6.750% | 6531000 | &nbsp;&nbsp; 6781972 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Tenet Healthcare Corp.<sup>(a)</sup>  | Tenet Healthcare Corp.<sup>(a)</sup>  | Tenet Healthcare Corp.<sup>(a)</sup>  | Tenet Healthcare Corp.<sup>(a)</sup>  |
| 11/15/2032 | &nbsp;&nbsp; 5.500% | 7472000 | &nbsp;&nbsp; 7569444 |
| 11/15/2033 | &nbsp;&nbsp; 6.000% | 2333000 | &nbsp;&nbsp; 2412113 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **138402095** |
| **Healthcare Insurance 0.5%** | **Healthcare Insurance 0.5%** | **Healthcare Insurance 0.5%** | **Healthcare Insurance 0.5%** |
| Centene Corp. | Centene Corp. | Centene Corp. | Centene Corp. |
| 10/15/2030 | &nbsp;&nbsp; 3.000% | 19411000 | &nbsp;&nbsp; 17490865 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 01/15/2031 | &nbsp;&nbsp; 4.650% | 10636000 | &nbsp;&nbsp; 10862619 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **28353484** |
| **Home Construction 0.1%** | **Home Construction 0.1%** | **Home Construction 0.1%** | **Home Construction 0.1%** |
| Shea Homes LP/Funding Corp. | Shea Homes LP/Funding Corp. | Shea Homes LP/Funding Corp. | Shea Homes LP/Funding Corp. |
| 02/15/2028 | &nbsp;&nbsp; 4.750% | 3237000 | &nbsp;&nbsp; 3223764 |
| Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  | Taylor Morrison Communities, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 5.750% | 1294000 | &nbsp;&nbsp; 1320407 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4544171** |
| **Independent Energy 1.1%** | **Independent Energy 1.1%** | **Independent Energy 1.1%** | **Independent Energy 1.1%** |
| APA Corp. | APA Corp. | APA Corp. | APA Corp. |
| 02/15/2055 | &nbsp;&nbsp; 6.750% | 1019000 | &nbsp;&nbsp; 1036307 |
| Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  | Civitas Resources, Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 8.375% | 1436000 | &nbsp;&nbsp; 1484138 |
| 11/01/2030 | &nbsp;&nbsp; 8.625% | 575000 | &nbsp;&nbsp; 608625 |
| 07/01/2031 | &nbsp;&nbsp; 8.750% | 5031000 | &nbsp;&nbsp; 5275152 |
| 06/15/2033 | &nbsp;&nbsp; 9.625% | 5608000 | &nbsp;&nbsp; 6199641 |
| CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  | CNX Resources Corp.<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 6.000% | 3110000 | &nbsp;&nbsp; 3159316 |
| 03/01/2032 | &nbsp;&nbsp; 7.250% | 1637000 | &nbsp;&nbsp; 1715626 |
| 03/01/2034 | &nbsp;&nbsp; 5.875% | 1732000 | &nbsp;&nbsp; 1734658 |
| Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  | Colgate Energy Partners III LLC<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 5.875% | 6862000 | &nbsp;&nbsp; 6884818 |
| Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  | Comstock Resources, Inc.<sup>(a)</sup>  |
| 03/01/2029 | &nbsp;&nbsp; 6.750% | 1278000 | &nbsp;&nbsp; 1272230 |
| 01/15/2030 | &nbsp;&nbsp; 5.875% | 407000 | &nbsp;&nbsp; 392369 |
| Crescent Energy Finance LLC<sup>(a)</sup>  | Crescent Energy Finance LLC<sup>(a)</sup>  | Crescent Energy Finance LLC<sup>(a)</sup>  | Crescent Energy Finance LLC<sup>(a)</sup>  |
| 04/01/2032 | &nbsp;&nbsp; 7.625% | 750000 | &nbsp;&nbsp; 757939 |
| 01/15/2033 | &nbsp;&nbsp; 7.375% | 750000 | &nbsp;&nbsp; 745339 |
| Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  | Hilcorp Energy I LP/Finance Co.<sup>(a)</sup>  |
| 11/01/2028 | &nbsp;&nbsp; 6.250% | 2381000 | &nbsp;&nbsp; 2401693 |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 3281000 | &nbsp;&nbsp; 3194627 |
| 11/01/2033 | &nbsp;&nbsp; 8.375% | 2376000 | &nbsp;&nbsp; 2504696 |
| 02/15/2035 | &nbsp;&nbsp; 7.250% | 5407000 | &nbsp;&nbsp; 5358732 |
| Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  | Matador Resources Co.<sup>(a)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 6.875% | 1212000 | &nbsp;&nbsp; 1236735 |
| 04/15/2032 | &nbsp;&nbsp; 6.500% | 3197000 | &nbsp;&nbsp; 3265051 |
| 04/15/2033 | &nbsp;&nbsp; 6.250% | 4284000 | &nbsp;&nbsp; 4359212 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| 10/01/2054 | &nbsp;&nbsp; 6.050% | 3976000 | &nbsp;&nbsp; 3960631 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  | Permian Resources Operating LLC<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 7.000% | 4570000 | &nbsp;&nbsp; 4795208 |
| 02/01/2033 | &nbsp;&nbsp; 6.250% | 1946000 | &nbsp;&nbsp; 2011498 |
| SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  | SM Energy Co.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.750% | 1965000 | &nbsp;&nbsp; 2009745 |
| 08/01/2032 | &nbsp;&nbsp; 7.000% | 2470000 | &nbsp;&nbsp; 2514381 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **68878367** |
| **Leisure 0.8%** | **Leisure 0.8%** | **Leisure 0.8%** | **Leisure 0.8%** |
| Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  | Boyne USA, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 4.750% | 722000 | &nbsp;&nbsp; 716765 |
| Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  | Carnival Corp.<sup>(a)</sup>  |
| 03/15/2030 | &nbsp;&nbsp; 5.750% | 2619000 | &nbsp;&nbsp; 2709916 |
| 08/01/2032 | &nbsp;&nbsp; 5.750% | 5659000 | &nbsp;&nbsp; 5879299 |
| 02/15/2033 | &nbsp;&nbsp; 6.125% | 2523000 | &nbsp;&nbsp; 2611346 |
| Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op | Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium <br> Op |
| 10/01/2028 | &nbsp;&nbsp; 6.500% | 2277000 | &nbsp;&nbsp; 2278473 |
| NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  | NCL Corp., Ltd.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 5.875% | 3963000 | &nbsp;&nbsp; 3994667 |
| 02/01/2032 | &nbsp;&nbsp; 6.750% | 2645000 | &nbsp;&nbsp; 2721532 |
| 09/15/2033 | &nbsp;&nbsp; 6.250% | 1823000 | &nbsp;&nbsp; 1839388 |
| Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  | Six Flags Entertainment Corp.<sup>(a)</sup>  |
| 05/15/2031 | &nbsp;&nbsp; 7.250% | 8273000 | &nbsp;&nbsp; 8125253 |
| Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium <br> Operations LLC<sup>(a)</sup>  | Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium <br> Operations LLC<sup>(a)</sup>  | Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium <br> Operations LLC<sup>(a)</sup>  | Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium <br> Operations LLC<sup>(a)</sup>  |
| 01/15/2032 | &nbsp;&nbsp; 8.625% | 3246000 | &nbsp;&nbsp; 3282796 |
| Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  | Six Flags Entertainment Corp./Theme Parks, Inc.<sup>(a)</sup>  |
| 05/01/2032 | &nbsp;&nbsp; 6.625% | 2240000 | &nbsp;&nbsp; 2277641 |
| Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  | Vail Resorts, Inc.<sup>(a)</sup>  |
| 05/15/2032 | &nbsp;&nbsp; 6.500% | 1584000 | &nbsp;&nbsp; 1639284 |
| Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  | Viking Cruises Ltd.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 7.000% | 1092000 | &nbsp;&nbsp; 1093555 |
| 07/15/2031 | &nbsp;&nbsp; 9.125% | 2980000 | &nbsp;&nbsp; 3168620 |
| 10/15/2033 | &nbsp;&nbsp; 5.875% | 5155000 | &nbsp;&nbsp; 5259188 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **47597723** |
| **Life Insurance 0.2%** | **Life Insurance 0.2%** | **Life Insurance 0.2%** | **Life Insurance 0.2%** |
| Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  | Met Tower Global Funding<sup>(a)</sup>  |
| 04/12/2029 | &nbsp;&nbsp; 5.250% | 10572000 | &nbsp;&nbsp; 10950212 |
| **Lodging 0.4%** | **Lodging 0.4%** | **Lodging 0.4%** | **Lodging 0.4%** |
| Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 3.625% | 3490000 | &nbsp;&nbsp; 3252263 |
| 04/01/2032 | &nbsp;&nbsp; 6.125% | 3156000 | &nbsp;&nbsp; 3261336 |
| 09/15/2033 | &nbsp;&nbsp; 5.750% | 1545000 | &nbsp;&nbsp; 1581944 |
| Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  | Hilton Grand Vacations Borrower Escrow LLC<sup>(a)</sup>  |
| 07/01/2031 | &nbsp;&nbsp; 4.875% | 1353000 | &nbsp;&nbsp; 1271993 |
| 01/15/2032 | &nbsp;&nbsp; 6.625% | 3880000 | &nbsp;&nbsp; 3960647 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Hilton Worldwide Finance LLC/Corp. | Hilton Worldwide Finance LLC/Corp. | Hilton Worldwide Finance LLC/Corp. | Hilton Worldwide Finance LLC/Corp. |
| 04/01/2027 | &nbsp;&nbsp; 4.875% | 3075000 | &nbsp;&nbsp; 3075088 |
| Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  | Marriott Ownership Resorts, Inc.<sup>(a)</sup>  |
| 10/01/2033 | &nbsp;&nbsp; 6.500% | 6054000 | &nbsp;&nbsp; 5863578 |
| Wyndham Hotels & Resorts, Inc.<sup>(a)</sup>  | Wyndham Hotels & Resorts, Inc.<sup>(a)</sup>  | Wyndham Hotels & Resorts, Inc.<sup>(a)</sup>  | Wyndham Hotels & Resorts, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 4.375% | 1955000 | &nbsp;&nbsp; 1940347 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **24207196** |
| **Media and Entertainment 1.2%** | **Media and Entertainment 1.2%** | **Media and Entertainment 1.2%** | **Media and Entertainment 1.2%** |
| Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2028 | &nbsp;&nbsp; 7.750% | 2844000 | &nbsp;&nbsp; 2867549 |
| 06/01/2029 | &nbsp;&nbsp; 7.500% | 5094000 | &nbsp;&nbsp; 5131121 |
| 04/01/2030 | &nbsp;&nbsp; 7.875% | 3785000 | &nbsp;&nbsp; 3988877 |
| 02/15/2031 | &nbsp;&nbsp; 7.125% | 2653000 | &nbsp;&nbsp; 2802790 |
| 03/15/2033 | &nbsp;&nbsp; 7.500% | 2699000 | &nbsp;&nbsp; 2913726 |
| Gray Escrow II, Inc.<sup>(a)</sup>  | Gray Escrow II, Inc.<sup>(a)</sup>  | Gray Escrow II, Inc.<sup>(a)</sup>  | Gray Escrow II, Inc.<sup>(a)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 5.375% | 275000 | &nbsp;&nbsp; 217302 |
| Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  | Gray Media, Inc.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 9.625% | 2221000 | &nbsp;&nbsp; 2307902 |
| 08/15/2033 | &nbsp;&nbsp; 7.250% | 1973000 | &nbsp;&nbsp; 2037930 |
| iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  | iHeartCommunications, Inc.<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 9.125% | 1805889 | &nbsp;&nbsp; 1607072 |
| Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  | Mav Acquisition Corp.<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 8.000% | 2124000 | &nbsp;&nbsp; 2110683 |
| McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  | McGraw-Hill Education, Inc.<sup>(a)</sup>  |
| 09/01/2031 | &nbsp;&nbsp; 7.375% | 2108000 | &nbsp;&nbsp; 2152024 |
| Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. |
| 11/15/2055 | &nbsp;&nbsp; 5.625% | 6712000 | &nbsp;&nbsp; 6569874 |
| 11/15/2065 | &nbsp;&nbsp; 5.750% | 7611000 | &nbsp;&nbsp; 7409249 |
| Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  | Outfront Media Capital LLC/Corp.<sup>(a)</sup>  |
| 08/15/2027 | &nbsp;&nbsp; 5.000% | 3572000 | &nbsp;&nbsp; 3572513 |
| 01/15/2029 | &nbsp;&nbsp; 4.250% | 811000 | &nbsp;&nbsp; 795941 |
| 03/15/2030 | &nbsp;&nbsp; 4.625% | 2185000 | &nbsp;&nbsp; 2144390 |
| 02/15/2031 | &nbsp;&nbsp; 7.375% | 696000 | &nbsp;&nbsp; 731679 |
| Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  | Roblox Corp.<sup>(a)</sup>  |
| 05/01/2030 | &nbsp;&nbsp; 3.875% | 2221000 | &nbsp;&nbsp; 2114869 |
| Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  | Snap, Inc.<sup>(a)</sup>  |
| 03/01/2033 | &nbsp;&nbsp; 6.875% | 7685000 | &nbsp;&nbsp; 7655698 |
| 03/15/2034 | &nbsp;&nbsp; 6.875% | 3807000 | &nbsp;&nbsp; 3799864 |
| Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  | Univision Communications, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 8.000% | 2553000 | &nbsp;&nbsp; 2626310 |
| 05/01/2029 | &nbsp;&nbsp; 4.500% | 2385000 | &nbsp;&nbsp; 2265341 |
| WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. | WarnerMedia Holdings, Inc. |
| 03/15/2032 | &nbsp;&nbsp; 4.279% | 2237000 | &nbsp;&nbsp; 2055315 |
| 03/15/2042 | &nbsp;&nbsp; 5.050% | 6986000 | &nbsp;&nbsp; 4908457 |
| 03/15/2052 | &nbsp;&nbsp; 5.141% | 1199000 | &nbsp;&nbsp; 787317 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **75573793** |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Metals and Mining 0.7%** | **Metals and Mining 0.7%** | **Metals and Mining 0.7%** | **Metals and Mining 0.7%** |
| Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  | Alcoa Nederland Holding BV<sup>(a)</sup>  |
| 03/15/2031 | &nbsp;&nbsp; 7.125% | 1072000 | &nbsp;&nbsp; 1133219 |
| Carpenter Technology Corp.<sup>(a)</sup>  | Carpenter Technology Corp.<sup>(a)</sup>  | Carpenter Technology Corp.<sup>(a)</sup>  | Carpenter Technology Corp.<sup>(a)</sup>  |
| 03/01/2034 | &nbsp;&nbsp; 5.625% | 2209000 | &nbsp;&nbsp; 2251506 |
| Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)</sup>  |
| 11/01/2029 | &nbsp;&nbsp; 6.875% | 905000 | &nbsp;&nbsp; 931938 |
| 03/15/2032 | &nbsp;&nbsp; 7.000% | 434000 | &nbsp;&nbsp; 441064 |
| 05/01/2033 | &nbsp;&nbsp; 7.375% | 459000 | &nbsp;&nbsp; 471044 |
| Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  | Compass Minerals International, Inc.<sup>(a)</sup>  |
| 07/01/2030 | &nbsp;&nbsp; 8.000% | 2382000 | &nbsp;&nbsp; 2515222 |
| Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  | Constellium SE<sup>(a)</sup>  |
| 06/15/2028 | &nbsp;&nbsp; 5.625% | 2490000 | &nbsp;&nbsp; 2489981 |
| 04/15/2029 | &nbsp;&nbsp; 3.750% | 4741000 | &nbsp;&nbsp; 4593811 |
| 08/15/2032 | &nbsp;&nbsp; 6.375% | 3297000 | &nbsp;&nbsp; 3432999 |
| Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  | Hudbay Minerals, Inc.<sup>(a)</sup>  |
| 04/01/2026 | &nbsp;&nbsp; 4.500% | 1464000 | &nbsp;&nbsp; 1464206 |
| 04/01/2029 | &nbsp;&nbsp; 6.125% | 5064000 | &nbsp;&nbsp; 5106132 |
| Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  | Kaiser Aluminum Corp.<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 4.500% | 5025000 | &nbsp;&nbsp; 4854690 |
| 03/01/2034 | &nbsp;&nbsp; 5.875% | 4072000 | &nbsp;&nbsp; 4118795 |
| Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  | Novelis Corp.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 4.750% | 2010000 | &nbsp;&nbsp; 1947896 |
| 08/15/2031 | &nbsp;&nbsp; 3.875% | 2967000 | &nbsp;&nbsp; 2716857 |
| 08/15/2033 | &nbsp;&nbsp; 6.375% | 2249000 | &nbsp;&nbsp; 2272095 |
| Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  | Novelis, Inc.<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 6.875% | 879000 | &nbsp;&nbsp; 907378 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **41648833** |
| **Midstream 2.7%** | **Midstream 2.7%** | **Midstream 2.7%** | **Midstream 2.7%** |
| AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  | AmeriGas Partners LP/Finance Corp.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.500% | 3178000 | &nbsp;&nbsp; 3403189 |
| Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  | Antero Midstream Partners LP/Finance Corp.<sup>(a)</sup>  |
| 02/01/2032 | &nbsp;&nbsp; 6.625% | 1715000 | &nbsp;&nbsp; 1781064 |
| CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  | CNX Midstream Partners LP<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 4.750% | 5384000 | &nbsp;&nbsp; 5252847 |
| Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  | Delek Logistics Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 8.625% | 8032000 | &nbsp;&nbsp; 8391441 |
| 06/30/2033 | &nbsp;&nbsp; 7.375% | 5217000 | &nbsp;&nbsp; 5398505 |
| Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. |
| 04/05/2027 | &nbsp;&nbsp; 5.250% | 7793000 | &nbsp;&nbsp; 7897833 |
| Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  | Galaxy Pipeline Assets Bidco Ltd.<sup>(a)</sup>  |
| 03/31/2036 | &nbsp;&nbsp; 2.625% | 18903000 | &nbsp;&nbsp; 16799859 |
| 09/30/2040 | &nbsp;&nbsp; 3.250% | 3925000 | &nbsp;&nbsp; 3211575 |
| Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  | Greensaif Pipelines Bidco Sarl<sup>(a)</sup>  |
| 02/23/2038 | &nbsp;&nbsp; 6.129% | 11038000 | &nbsp;&nbsp; 11735897 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  | Hess Midstream Operations LP<sup>(a)</sup>  |
| 03/01/2028 | &nbsp;&nbsp; 5.875% | 1291000 | &nbsp;&nbsp; 1312813 |
| 10/15/2030 | &nbsp;&nbsp; 5.500% | 1293000 | &nbsp;&nbsp; 1302824 |
| ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  | ITT Holdings LLC<sup>(a)</sup>  |
| 08/01/2029 | &nbsp;&nbsp; 6.500% | 437000 | &nbsp;&nbsp; 424725 |
| NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP | NuStar Logistics LP |
| 06/01/2026 | &nbsp;&nbsp; 6.000% | 4476000 | &nbsp;&nbsp; 4476627 |
| 04/28/2027 | &nbsp;&nbsp; 5.625% | 1573000 | &nbsp;&nbsp; 1587866 |
| Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  | Rockies Express Pipeline LLC<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.750% | 1293000 | &nbsp;&nbsp; 1361109 |
| Sunoco LP<sup>(a),(j),(k)</sup>  | Sunoco LP<sup>(a),(j),(k)</sup>  | Sunoco LP<sup>(a),(j),(k)</sup>  | Sunoco LP<sup>(a),(j),(k)</sup>  |
|  | &nbsp;&nbsp; 7.875% | 5552000 | &nbsp;&nbsp; 5755120 |
| Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  | Sunoco LP<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 7.000% | 2162000 | &nbsp;&nbsp; 2243206 |
| 05/01/2032 | &nbsp;&nbsp; 7.250% | 2041000 | &nbsp;&nbsp; 2155823 |
| 07/01/2033 | &nbsp;&nbsp; 6.250% | 2518000 | &nbsp;&nbsp; 2590229 |
| Sunoco LP<sup>(a),(h)</sup>  | Sunoco LP<sup>(a),(h)</sup>  | Sunoco LP<sup>(a),(h)</sup>  | Sunoco LP<sup>(a),(h)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 5.375% | 2057000 | &nbsp;&nbsp; 2060335 |
| TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  | TransMontaigne Partners LLC<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 8.500% | 5178000 | &nbsp;&nbsp; 5416794 |
| Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  | Venture Global Calcasieu Pass LLC<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 3.875% | 4429000 | &nbsp;&nbsp; 4243429 |
| 08/15/2031 | &nbsp;&nbsp; 4.125% | 3910000 | &nbsp;&nbsp; 3668093 |
| 11/01/2033 | &nbsp;&nbsp; 3.875% | 2982000 | &nbsp;&nbsp; 2654469 |
| Venture Global LNG, Inc.<sup>(a),(j),(k)</sup>  | Venture Global LNG, Inc.<sup>(a),(j),(k)</sup>  | Venture Global LNG, Inc.<sup>(a),(j),(k)</sup>  | Venture Global LNG, Inc.<sup>(a),(j),(k)</sup>  |
|  | &nbsp;&nbsp; 9.000% | 8076000 | &nbsp;&nbsp; 7060393 |
| Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  | Venture Global LNG, Inc.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 9.500% | 2432000 | &nbsp;&nbsp; 2608508 |
| 01/15/2030 | &nbsp;&nbsp; 7.000% | 1548000 | &nbsp;&nbsp; 1568362 |
| 06/01/2031 | &nbsp;&nbsp; 8.375% | 2271000 | &nbsp;&nbsp; 2324600 |
| 02/01/2032 | &nbsp;&nbsp; 9.875% | 2466000 | &nbsp;&nbsp; 2613213 |
| Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  | Venture Global Plaquemines LNG LLC<sup>(a)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 6.125% | 1071000 | &nbsp;&nbsp; 1112372 |
| 05/01/2033 | &nbsp;&nbsp; 7.500% | 1765000 | &nbsp;&nbsp; 1958639 |
| 01/15/2034 | &nbsp;&nbsp; 6.500% | 3957000 | &nbsp;&nbsp; 4164412 |
| 06/15/2034 | &nbsp;&nbsp; 6.500% | 1418000 | &nbsp;&nbsp; 1491654 |
| 05/01/2035 | &nbsp;&nbsp; 7.750% | 1765000 | &nbsp;&nbsp; 2002948 |
| 01/15/2036 | &nbsp;&nbsp; 6.750% | 10369000 | &nbsp;&nbsp; 11056368 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| 03/01/2031 | &nbsp;&nbsp; 4.800% | 2439000 | &nbsp;&nbsp; 2460238 |
| Williams Companies, Inc. (The) | Williams Companies, Inc. (The) | Williams Companies, Inc. (The) | Williams Companies, Inc. (The) |
| 08/15/2028 | &nbsp;&nbsp; 5.300% | 17155000 | &nbsp;&nbsp; 17708033 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **163255412** |
| **Oil Field Services 0.6%** | **Oil Field Services 0.6%** | **Oil Field Services 0.6%** | **Oil Field Services 0.6%** |
| Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  | Archrock Partners LP/Finance Corp.<sup>(a)</sup>  |
| 09/01/2032 | &nbsp;&nbsp; 6.625% | 1387000 | &nbsp;&nbsp; 1441316 |
| Archrock Services LP /Partners Finance Corp.<sup>(a)</sup>  | Archrock Services LP /Partners Finance Corp.<sup>(a)</sup>  | Archrock Services LP /Partners Finance Corp.<sup>(a)</sup>  | Archrock Services LP /Partners Finance Corp.<sup>(a)</sup>  |
| 02/01/2034 | &nbsp;&nbsp; 6.000% | 1147000 | &nbsp;&nbsp; 1160275 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  | Kodiak Gas Services LLC<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 7.250% | 916000 | &nbsp;&nbsp; 949142 |
| 10/01/2033 | &nbsp;&nbsp; 6.500% | 3030000 | &nbsp;&nbsp; 3125148 |
| 10/01/2035 | &nbsp;&nbsp; 6.750% | 1726000 | &nbsp;&nbsp; 1802734 |
| Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  | Nabors Industries, Inc.<sup>(a)</sup>  |
| 01/31/2030 | &nbsp;&nbsp; 9.125% | 3094000 | &nbsp;&nbsp; 3254314 |
| 08/15/2031 | &nbsp;&nbsp; 8.875% | 3248000 | &nbsp;&nbsp; 3363948 |
| 11/15/2032 | &nbsp;&nbsp; 7.625% | 2291000 | &nbsp;&nbsp; 2353706 |
| Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  | Transocean Aquila Ltd.<sup>(a)</sup>  |
| 09/30/2028 | &nbsp;&nbsp; 8.000% | 2893031 | &nbsp;&nbsp; 2966352 |
| Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  | Transocean Titan Financing Ltd.<sup>(a)</sup>  |
| 02/01/2028 | &nbsp;&nbsp; 8.375% | 5171833 | &nbsp;&nbsp; 5282462 |
| Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  | Transocean, Inc.<sup>(a)</sup>  |
| 05/15/2029 | &nbsp;&nbsp; 8.250% | 776000 | &nbsp;&nbsp; 807817 |
| 05/15/2031 | &nbsp;&nbsp; 8.500% | 3061000 | &nbsp;&nbsp; 3237514 |
| USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  | USA Compression Partners LP/Finance Corp.<sup>(a)</sup>  |
| 03/15/2029 | &nbsp;&nbsp; 7.125% | 7226000 | &nbsp;&nbsp; 7467952 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **37212680** |
| **Other Industry 0.1%** | **Other Industry 0.1%** | **Other Industry 0.1%** | **Other Industry 0.1%** |
| Booz Allen Hamilton, Inc.<sup>(a)</sup>  | Booz Allen Hamilton, Inc.<sup>(a)</sup>  | Booz Allen Hamilton, Inc.<sup>(a)</sup>  | Booz Allen Hamilton, Inc.<sup>(a)</sup>  |
| 09/01/2028 | &nbsp;&nbsp; 3.875% | 1358000 | &nbsp;&nbsp; 1337021 |
| Installed Building Products, Inc.<sup>(a)</sup>  | Installed Building Products, Inc.<sup>(a)</sup>  | Installed Building Products, Inc.<sup>(a)</sup>  | Installed Building Products, Inc.<sup>(a)</sup>  |
| 02/01/2034 | &nbsp;&nbsp; 5.625% | 865000 | &nbsp;&nbsp; 877531 |
| Williams Scotsman International, Inc.<sup>(a)</sup>  | Williams Scotsman International, Inc.<sup>(a)</sup>  | Williams Scotsman International, Inc.<sup>(a)</sup>  | Williams Scotsman International, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 4.625% | 1054000 | &nbsp;&nbsp; 1047767 |
| Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  | Williams Scotsman, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 6.625% | 983000 | &nbsp;&nbsp; 1015169 |
| 04/15/2030 | &nbsp;&nbsp; 6.625% | 1303000 | &nbsp;&nbsp; 1348610 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5626098** |
| **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** | **Other REIT 0.3%** |
| Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  | Ladder Capital Finance Holdings LLLP/Corp.<sup>(a)</sup>  |
| 07/15/2031 | &nbsp;&nbsp; 7.000% | 966000 | &nbsp;&nbsp; 1017737 |
| Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  | Park Intermediate Holdings LLC/PK Domestic Property LLC/Finance Co-Issuer<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 5.875% | 4100000 | &nbsp;&nbsp; 4100052 |
| 05/15/2029 | &nbsp;&nbsp; 4.875% | 1134000 | &nbsp;&nbsp; 1114234 |
| 02/01/2030 | &nbsp;&nbsp; 7.000% | 947000 | &nbsp;&nbsp; 980858 |
| RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a)</sup>  |
| 07/15/2028 | &nbsp;&nbsp; 7.250% | 616000 | &nbsp;&nbsp; 632841 |
| 02/15/2029 | &nbsp;&nbsp; 4.500% | 860000 | &nbsp;&nbsp; 848280 |
| 04/01/2032 | &nbsp;&nbsp; 6.500% | 1679000 | &nbsp;&nbsp; 1739369 |
| 06/15/2033 | &nbsp;&nbsp; 6.500% | 1540000 | &nbsp;&nbsp; 1600540 |
| RHP Hotel Properties LP/Finance Corp.<sup>(a),(h)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a),(h)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a),(h)</sup>  | RHP Hotel Properties LP/Finance Corp.<sup>(a),(h)</sup>  |
| 03/15/2034 | &nbsp;&nbsp; 5.750% | 692000 | &nbsp;&nbsp; 696583 |
| RLJ Lodging Trust LP<sup>(a)</sup>  | RLJ Lodging Trust LP<sup>(a)</sup>  | RLJ Lodging Trust LP<sup>(a)</sup>  | RLJ Lodging Trust LP<sup>(a)</sup>  |
| 07/01/2026 | &nbsp;&nbsp; 3.750% | 1102000 | &nbsp;&nbsp; 1096544 |
| Service Properties Trust | Service Properties Trust | Service Properties Trust | Service Properties Trust |
| 06/15/2029 | &nbsp;&nbsp; 8.375% | 1009000 | &nbsp;&nbsp; 1062534 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  | Service Properties Trust<sup>(a)</sup>  |
| 11/15/2031 | &nbsp;&nbsp; 8.625% | 1493000 | &nbsp;&nbsp; 1570669 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **16460241** |
| **Packaging 0.3%** | **Packaging 0.3%** | **Packaging 0.3%** | **Packaging 0.3%** |
| Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  | Ardagh Metal Packaging Finance USA LLC/PLC<sup>(a)</sup>  |
| 09/01/2029 | &nbsp;&nbsp; 4.000% | 7092000 | &nbsp;&nbsp; 6763937 |
| 01/30/2031 | &nbsp;&nbsp; 6.250% | 1518000 | &nbsp;&nbsp; 1554326 |
| Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(a)</sup>  |
| 04/15/2030 | &nbsp;&nbsp; 8.750% | 5482000 | &nbsp;&nbsp; 5475294 |
| 04/15/2032 | &nbsp;&nbsp; 6.750% | 1763000 | &nbsp;&nbsp; 1775774 |
| Silgan Holdings, Inc. | Silgan Holdings, Inc. | Silgan Holdings, Inc. | Silgan Holdings, Inc. |
| 02/01/2028 | &nbsp;&nbsp; 4.125% | 3935000 | &nbsp;&nbsp; 3900445 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **19469776** |
| **Pharmaceuticals 0.7%** | **Pharmaceuticals 0.7%** | **Pharmaceuticals 0.7%** | **Pharmaceuticals 0.7%** |
| 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  | 1261229 BC Ltd.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 10.000% | 8068000 | &nbsp;&nbsp; 8381331 |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 03/15/2029 | &nbsp;&nbsp; 4.800% | 13495000 | &nbsp;&nbsp; 13863631 |
| 11/21/2029 | &nbsp;&nbsp; 3.200% | 3726000 | &nbsp;&nbsp; 3639307 |
| Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  | Bausch Health Companies, Inc.<sup>(a)</sup>  |
| 06/01/2028 | &nbsp;&nbsp; 4.875% | 2831000 | &nbsp;&nbsp; 2629967 |
| 09/30/2028 | &nbsp;&nbsp; 11.000% | 789000 | &nbsp;&nbsp; 824805 |
| Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  | Grifols Escrow Issuer SA<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 4.750% | 6892000 | &nbsp;&nbsp; 6796807 |
| Jazz Securities DAC<sup>(a)</sup>  | Jazz Securities DAC<sup>(a)</sup>  | Jazz Securities DAC<sup>(a)</sup>  | Jazz Securities DAC<sup>(a)</sup>  |
| 01/15/2029 | &nbsp;&nbsp; 4.375% | 2600000 | &nbsp;&nbsp; 2563473 |
| Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  | Organon Finance 1 LLC<sup>(a)</sup>  |
| 04/30/2028 | &nbsp;&nbsp; 4.125% | 1379000 | &nbsp;&nbsp; 1353073 |
| 04/30/2031 | &nbsp;&nbsp; 5.125% | 713000 | &nbsp;&nbsp; 632356 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **40684750** |
| **Property & Casualty 1.3%** | **Property & Casualty 1.3%** | **Property & Casualty 1.3%** | **Property & Casualty 1.3%** |
| Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  | Acrisure LLC/Finance, Inc.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 8.250% | 721000 | &nbsp;&nbsp; 722474 |
| 08/01/2029 | &nbsp;&nbsp; 6.000% | 3376000 | &nbsp;&nbsp; 3149374 |
| 07/01/2032 | &nbsp;&nbsp; 6.750% | 1428000 | &nbsp;&nbsp; 1400965 |
| Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  | Alliant Holdings Intermediate LLC/Co-Issuer<sup>(a)</sup>  |
| 10/15/2027 | &nbsp;&nbsp; 4.250% | 718000 | &nbsp;&nbsp; 708266 |
| 04/15/2028 | &nbsp;&nbsp; 6.750% | 4521000 | &nbsp;&nbsp; 4569970 |
| 11/01/2029 | &nbsp;&nbsp; 5.875% | 1991000 | &nbsp;&nbsp; 1945595 |
| 01/15/2031 | &nbsp;&nbsp; 7.000% | 2647000 | &nbsp;&nbsp; 2689262 |
| 10/01/2031 | &nbsp;&nbsp; 6.500% | 1285000 | &nbsp;&nbsp; 1294055 |
| 10/01/2032 | &nbsp;&nbsp; 7.375% | 4981000 | &nbsp;&nbsp; 4940904 |
| AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  | AmWINS Group, Inc.<sup>(a)</sup>  |
| 02/15/2029 | &nbsp;&nbsp; 6.375% | 1979000 | &nbsp;&nbsp; 2013414 |
| Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  | Ardonagh Finco Ltd.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 7.750% | 5071000 | &nbsp;&nbsp; 5195206 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.875% | 14093000 | &nbsp;&nbsp; 13934816 |
| Asurion LLC and Asurion Co-Issuer, Inc.<sup>(a)</sup>  | Asurion LLC and Asurion Co-Issuer, Inc.<sup>(a)</sup>  | Asurion LLC and Asurion Co-Issuer, Inc.<sup>(a)</sup>  | Asurion LLC and Asurion Co-Issuer, Inc.<sup>(a)</sup>  |
| 02/01/2034 | &nbsp;&nbsp; 8.375% | 1709000 | &nbsp;&nbsp; 1698884 |
| BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  | BroadStreet Partners, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 5.875% | 6624000 | &nbsp;&nbsp; 6417085 |
| Howden UK Refinance PLC/2 PLC/US Refinance LLC<sup>(a)</sup>  | Howden UK Refinance PLC/2 PLC/US Refinance LLC<sup>(a)</sup>  | Howden UK Refinance PLC/2 PLC/US Refinance LLC<sup>(a)</sup>  | Howden UK Refinance PLC/2 PLC/US Refinance LLC<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 8.125% | 10983000 | &nbsp;&nbsp; 10517915 |
| HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  | HUB International Ltd.<sup>(a)</sup>  |
| 01/31/2032 | &nbsp;&nbsp; 7.375% | 1895000 | &nbsp;&nbsp; 1933316 |
| HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  | HUB International, Ltd.<sup>(a)</sup>  |
| 06/15/2030 | &nbsp;&nbsp; 7.250% | 9107000 | &nbsp;&nbsp; 9392127 |
| Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  | Panther Escrow Issuer LLC<sup>(a)</sup>  |
| 06/01/2031 | &nbsp;&nbsp; 7.125% | 3637000 | &nbsp;&nbsp; 3699393 |
| Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  | Ryan Specialty LLC<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 5.875% | 1741000 | &nbsp;&nbsp; 1756203 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **77979224** |
| **Railroads 0.3%** | **Railroads 0.3%** | **Railroads 0.3%** | **Railroads 0.3%** |
| Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  | Genesee & Wyoming, Inc.<sup>(a)</sup>  |
| 04/15/2032 | &nbsp;&nbsp; 6.250% | 2787000 | &nbsp;&nbsp; 2873218 |
| Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. |
| 08/01/2030 | &nbsp;&nbsp; 5.050% | 10246000 | &nbsp;&nbsp; 10654680 |
| Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  | Watco Cos LLC/Finance Corp.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.125% | 6357000 | &nbsp;&nbsp; 6686178 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **20214076** |
| **Restaurants 0.3%** | **Restaurants 0.3%** | **Restaurants 0.3%** | **Restaurants 0.3%** |
| 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)</sup>  |
| 01/15/2028 | &nbsp;&nbsp; 3.875% | 6399000 | &nbsp;&nbsp; 6319067 |
| 09/15/2029 | &nbsp;&nbsp; 5.625% | 1840000 | &nbsp;&nbsp; 1872580 |
| 10/15/2030 | &nbsp;&nbsp; 4.000% | 3320000 | &nbsp;&nbsp; 3191688 |
| Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  | Fertitta Entertainment LLC/Finance Co., Inc.<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 6.750% | 6695000 | &nbsp;&nbsp; 6316081 |
| Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. |
| 04/01/2032 | &nbsp;&nbsp; 5.375% | 2405000 | &nbsp;&nbsp; 2444291 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **20143707** |
| **Retailers 0.4%** | **Retailers 0.4%** | **Retailers 0.4%** | **Retailers 0.4%** |
| Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  | Advance Auto Parts, Inc.<sup>(a)</sup>  |
| 08/01/2030 | &nbsp;&nbsp; 7.000% | 1991000 | &nbsp;&nbsp; 2041301 |
| 08/01/2033 | &nbsp;&nbsp; 7.375% | 3539000 | &nbsp;&nbsp; 3626384 |
| Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  |
| 02/15/2032 | &nbsp;&nbsp; 5.000% | 701000 | &nbsp;&nbsp; 681564 |
| Beach Acquisition Bidco LLC<sup>(a),(i)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(i)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(i)</sup>  | Beach Acquisition Bidco LLC<sup>(a),(i)</sup>  |
| 07/15/2033 | &nbsp;&nbsp; 10.000% | 5408323 | &nbsp;&nbsp; 5976363 |
| Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  | Belron UK Finance PLC<sup>(a)</sup>  |
| 10/15/2029 | &nbsp;&nbsp; 5.750% | 1924000 | &nbsp;&nbsp; 1967350 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  | Group 1 Automotive, Inc.<sup>(a)</sup>  |
| 08/15/2028 | &nbsp;&nbsp; 4.000% | 999000 | &nbsp;&nbsp; 979508 |
| 01/15/2030 | &nbsp;&nbsp; 6.375% | 699000 | &nbsp;&nbsp; 716389 |
| L Brands, Inc. | L Brands, Inc. | L Brands, Inc. | L Brands, Inc. |
| 02/01/2028 | &nbsp;&nbsp; 5.250% | 1053000 | &nbsp;&nbsp; 1058885 |
| 11/01/2035 | &nbsp;&nbsp; 6.875% | 1511000 | &nbsp;&nbsp; 1539223 |
| LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  | LCM Investments Holdings II LLC<sup>(a)</sup>  |
| 05/01/2029 | &nbsp;&nbsp; 4.875% | 1142000 | &nbsp;&nbsp; 1126166 |
| 08/01/2031 | &nbsp;&nbsp; 8.250% | 1111000 | &nbsp;&nbsp; 1170027 |
| Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  | Lithia Motors, Inc.<sup>(a)</sup>  |
| 01/15/2031 | &nbsp;&nbsp; 4.375% | 1325000 | &nbsp;&nbsp; 1270663 |
| Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  | Wolverine World Wide, Inc.<sup>(a)</sup>  |
| 08/15/2029 | &nbsp;&nbsp; 4.000% | 3954000 | &nbsp;&nbsp; 3731513 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **25885336** |
| **Supermarkets 0.1%** | **Supermarkets 0.1%** | **Supermarkets 0.1%** | **Supermarkets 0.1%** |
| Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  | Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 4.875% | 536000 | &nbsp;&nbsp; 531603 |
| Albertsons Cos, Inc.<sup>(a)</sup>  | Albertsons Cos, Inc.<sup>(a)</sup>  | Albertsons Cos, Inc.<sup>(a)</sup>  | Albertsons Cos, Inc.<sup>(a)</sup>  |
| 03/31/2032 | &nbsp;&nbsp; 5.625% | 3056000 | &nbsp;&nbsp; 3067725 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3599328** |
| **Technology 3.6%** | **Technology 3.6%** | **Technology 3.6%** | **Technology 3.6%** |
| Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  | Amentum Escrow Corp.<sup>(a)</sup>  |
| 08/01/2032 | &nbsp;&nbsp; 7.250% | 4353000 | &nbsp;&nbsp; 4560098 |
| APLD ComputeCo LLC<sup>(a)</sup>  | APLD ComputeCo LLC<sup>(a)</sup>  | APLD ComputeCo LLC<sup>(a)</sup>  | APLD ComputeCo LLC<sup>(a)</sup>  |
| 12/15/2030 | &nbsp;&nbsp; 9.250% | 7909000 | &nbsp;&nbsp; 8302625 |
| Black Pearl Compute LLC<sup>(a)</sup>  | Black Pearl Compute LLC<sup>(a)</sup>  | Black Pearl Compute LLC<sup>(a)</sup>  | Black Pearl Compute LLC<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 6.125% | 3521000 | &nbsp;&nbsp; 3605391 |
| Block, Inc. | Block, Inc. | Block, Inc. | Block, Inc. |
| 06/01/2026 | &nbsp;&nbsp; 2.750% | 1714000 | &nbsp;&nbsp; 1706359 |
| 06/01/2031 | &nbsp;&nbsp; 3.500% | 1723000 | &nbsp;&nbsp; 1616121 |
| 05/15/2032 | &nbsp;&nbsp; 6.500% | 3394000 | &nbsp;&nbsp; 3491241 |
| Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  | Block, Inc.<sup>(a)</sup>  |
| 08/15/2030 | &nbsp;&nbsp; 5.625% | 2099000 | &nbsp;&nbsp; 2126382 |
| 08/15/2033 | &nbsp;&nbsp; 6.000% | 1641000 | &nbsp;&nbsp; 1666803 |
| Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  | Broadcom, Inc.<sup>(a)</sup>  |
| 11/15/2036 | &nbsp;&nbsp; 3.187% | 7767000 | &nbsp;&nbsp; 6697462 |
| CACI International, Inc.<sup>(a),(h)</sup>  | CACI International, Inc.<sup>(a),(h)</sup>  | CACI International, Inc.<sup>(a),(h)</sup>  | CACI International, Inc.<sup>(a),(h)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 6.375% | 4386000 | &nbsp;&nbsp; 4522007 |
| Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  | Central Parent LLC/CDK Global II LLC/Financing, Co., Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 8.000% | 1053000 | &nbsp;&nbsp; 674150 |
| Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  | Central Parent, Inc./CDK Global, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 7.250% | 1315000 | &nbsp;&nbsp; 831030 |
| Cipher Compute LLC<sup>(a)</sup>  | Cipher Compute LLC<sup>(a)</sup>  | Cipher Compute LLC<sup>(a)</sup>  | Cipher Compute LLC<sup>(a)</sup>  |
| 11/15/2030 | &nbsp;&nbsp; 7.125% | 3692000 | &nbsp;&nbsp; 3850383 |
| Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  | Clarivate Science Holdings Corp.<sup>(a)</sup>  |
| 07/01/2029 | &nbsp;&nbsp; 4.875% | 9465000 | &nbsp;&nbsp; 7777226 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  | Cloud Software Group, Inc,<sup>(a)</sup>  |
| 08/15/2033 | &nbsp;&nbsp; 6.625% | 858000 | &nbsp;&nbsp; 809720 |
| Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  | Cloud Software Group, Inc.<sup>(a)</sup>  |
| 09/30/2029 | &nbsp;&nbsp; 9.000% | 6872000 | &nbsp;&nbsp; 6696769 |
| 06/30/2032 | &nbsp;&nbsp; 8.250% | 2850000 | &nbsp;&nbsp; 2852499 |
| Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  | Condor Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 7.375% | 12510000 | &nbsp;&nbsp; 10234650 |
| CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  | CoreWeave, Inc.<sup>(a)</sup>  |
| 06/01/2030 | &nbsp;&nbsp; 9.250% | 2126000 | &nbsp;&nbsp; 2082054 |
| 02/01/2031 | &nbsp;&nbsp; 9.000% | 2701000 | &nbsp;&nbsp; 2612049 |
| Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  | Entegris Escrow Corp.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 4.750% | 2603000 | &nbsp;&nbsp; 2606130 |
| 06/15/2030 | &nbsp;&nbsp; 5.950% | 5154000 | &nbsp;&nbsp; 5257563 |
| Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  | Fair Isaac Corp.<sup>(a)</sup>  |
| 05/15/2033 | &nbsp;&nbsp; 6.000% | 1530000 | &nbsp;&nbsp; 1546405 |
| Flash Compute LLC<sup>(a)</sup>  | Flash Compute LLC<sup>(a)</sup>  | Flash Compute LLC<sup>(a)</sup>  | Flash Compute LLC<sup>(a)</sup>  |
| 12/31/2030 | &nbsp;&nbsp; 7.250% | 2056000 | &nbsp;&nbsp; 2106003 |
| Gartner, Inc.<sup>(a)</sup>  | Gartner, Inc.<sup>(a)</sup>  | Gartner, Inc.<sup>(a)</sup>  | Gartner, Inc.<sup>(a)</sup>  |
| 07/01/2028 | &nbsp;&nbsp; 4.500% | 1484000 | &nbsp;&nbsp; 1462595 |
| HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  | HealthEquity, Inc.<sup>(a)</sup>  |
| 10/01/2029 | &nbsp;&nbsp; 4.500% | 2857000 | &nbsp;&nbsp; 2781114 |
| Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
| 03/25/2050 | &nbsp;&nbsp; 4.750% | 6800000 | &nbsp;&nbsp; 5660433 |
| ION Platform Finance US Inc./SARL<sup>(a)</sup>  | ION Platform Finance US Inc./SARL<sup>(a)</sup>  | ION Platform Finance US Inc./SARL<sup>(a)</sup>  | ION Platform Finance US Inc./SARL<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 4.625% | 2367000 | &nbsp;&nbsp; 2192467 |
| 05/01/2028 | &nbsp;&nbsp; 5.000% | 962000 | &nbsp;&nbsp; 892225 |
| 05/15/2028 | &nbsp;&nbsp; 5.750% | 4665000 | &nbsp;&nbsp; 4361647 |
| 05/01/2029 | &nbsp;&nbsp; 8.750% | 4437000 | &nbsp;&nbsp; 4125071 |
| 05/30/2029 | &nbsp;&nbsp; 9.500% | 4782000 | &nbsp;&nbsp; 4490800 |
| ION Platform Finance US, Inc.<sup>(a)</sup>  | ION Platform Finance US, Inc.<sup>(a)</sup>  | ION Platform Finance US, Inc.<sup>(a)</sup>  | ION Platform Finance US, Inc.<sup>(a)</sup>  |
| 09/30/2032 | &nbsp;&nbsp; 7.875% | 4312000 | &nbsp;&nbsp; 3466388 |
| Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  | Iron Mountain, Inc.<sup>(a)</sup>  |
| 09/15/2027 | &nbsp;&nbsp; 4.875% | 4523000 | &nbsp;&nbsp; 4520849 |
| 09/15/2029 | &nbsp;&nbsp; 4.875% | 664000 | &nbsp;&nbsp; 657712 |
| 07/15/2030 | &nbsp;&nbsp; 5.250% | 2592000 | &nbsp;&nbsp; 2578632 |
| 01/15/2033 | &nbsp;&nbsp; 6.250% | 1187000 | &nbsp;&nbsp; 1211912 |
| Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  | Minerva Merger Sub, Inc.<sup>(a)</sup>  |
| 02/15/2030 | &nbsp;&nbsp; 6.500% | 5604000 | &nbsp;&nbsp; 5268932 |
| NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  | NCR Atleos Escrow Corp.<sup>(a)</sup>  |
| 04/01/2029 | &nbsp;&nbsp; 9.500% | 4022000 | &nbsp;&nbsp; 4314773 |
| NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  | NCR Corp.<sup>(a)</sup>  |
| 10/01/2028 | &nbsp;&nbsp; 5.000% | 3473000 | &nbsp;&nbsp; 3415457 |
| 04/15/2029 | &nbsp;&nbsp; 5.125% | 893000 | &nbsp;&nbsp; 875387 |
| Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  | Neptune Bidco US, Inc.<sup>(a)</sup>  |
| 04/15/2029 | &nbsp;&nbsp; 9.290% | 5188000 | &nbsp;&nbsp; 5203736 |
| 05/15/2031 | &nbsp;&nbsp; 10.375% | 1698000 | &nbsp;&nbsp; 1714104 |
| 02/15/2033 | &nbsp;&nbsp; 9.500% | 1304000 | &nbsp;&nbsp; 1277882 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. | NXP BV/Funding LLC/USA, Inc. |
| 05/01/2030 | &nbsp;&nbsp; 3.400% | 834000 | &nbsp;&nbsp; 808087 |
| 05/11/2031 | &nbsp;&nbsp; 2.500% | 1155000 | &nbsp;&nbsp; 1057580 |
| 01/15/2033 | &nbsp;&nbsp; 5.000% | 7610000 | &nbsp;&nbsp; 7769233 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| 09/26/2065 | &nbsp;&nbsp; 6.100% | 21248000 | &nbsp;&nbsp; 18402043 |
| Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  | Picard Midco, Inc.<sup>(a)</sup>  |
| 03/31/2029 | &nbsp;&nbsp; 6.500% | 6693000 | &nbsp;&nbsp; 6562819 |
| Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  | Science Applications International Corp.<sup>(a)</sup>  |
| 11/01/2033 | &nbsp;&nbsp; 5.875% | 3610000 | &nbsp;&nbsp; 3579767 |
| Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  | Seagate Data Storage Technology Pte Ltd.<sup>(a)</sup>  |
| 12/15/2029 | &nbsp;&nbsp; 8.250% | 1930000 | &nbsp;&nbsp; 2036915 |
| Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  | Sensata Technologies BV<sup>(a)</sup>  |
| 09/01/2030 | &nbsp;&nbsp; 5.875% | 2018000 | &nbsp;&nbsp; 2038454 |
| Sensata Technologies, Inc.<sup>(a)</sup>  | Sensata Technologies, Inc.<sup>(a)</sup>  | Sensata Technologies, Inc.<sup>(a)</sup>  | Sensata Technologies, Inc.<sup>(a)</sup>  |
| 07/15/2032 | &nbsp;&nbsp; 6.625% | 436000 | &nbsp;&nbsp; 455394 |
| Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  | Shift4 Payments LLC/Finance Sub, Inc.<sup>(a)</sup>  |
| 08/15/2032 | &nbsp;&nbsp; 6.750% | 3512000 | &nbsp;&nbsp; 3437998 |
| SS&C Technologies, Inc.<sup>(a)</sup>  | SS&C Technologies, Inc.<sup>(a)</sup>  | SS&C Technologies, Inc.<sup>(a)</sup>  | SS&C Technologies, Inc.<sup>(a)</sup>  |
| 06/01/2032 | &nbsp;&nbsp; 6.500% | 1508000 | &nbsp;&nbsp; 1535303 |
| SV RNO Property Owner 1 LLC<sup>(a)</sup>  | SV RNO Property Owner 1 LLC<sup>(a)</sup>  | SV RNO Property Owner 1 LLC<sup>(a)</sup>  | SV RNO Property Owner 1 LLC<sup>(a)</sup>  |
| 03/01/2031 | &nbsp;&nbsp; 5.875% | 9573000 | &nbsp;&nbsp; 9614361 |
| Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  | Synaptics, Inc.<sup>(a)</sup>  |
| 06/15/2029 | &nbsp;&nbsp; 4.000% | 3259000 | &nbsp;&nbsp; 3145751 |
| UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  | UKG, Inc.<sup>(a)</sup>  |
| 02/01/2031 | &nbsp;&nbsp; 6.875% | 3054000 | &nbsp;&nbsp; 2963583 |
| WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  | WEX, Inc.<sup>(a)</sup>  |
| 03/15/2033 | &nbsp;&nbsp; 6.500% | 3004000 | &nbsp;&nbsp; 3014954 |
| WULF Compute LLC<sup>(a)</sup>  | WULF Compute LLC<sup>(a)</sup>  | WULF Compute LLC<sup>(a)</sup>  | WULF Compute LLC<sup>(a)</sup>  |
| 10/15/2030 | &nbsp;&nbsp; 7.750% | 1771000 | &nbsp;&nbsp; 1875136 |
| ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  | ZoomInfo Technologies LLC/Finance Corp.<sup>(a)</sup>  |
| 02/01/2029 | &nbsp;&nbsp; 3.875% | 4407000 | &nbsp;&nbsp; 3801873 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **220802487** |
| **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** | **Transportation Services 0.3%** |
| Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  | Avis Budget Car Rental LLC/Finance, Inc.<sup>(a)</sup>  |
| 02/15/2031 | &nbsp;&nbsp; 8.000% | 3179000 | &nbsp;&nbsp; 3151905 |
| 06/15/2032 | &nbsp;&nbsp; 8.375% | 3883000 | &nbsp;&nbsp; 3819326 |
| ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  | ERAC USA Finance LLC<sup>(a)</sup>  |
| 05/01/2028 | &nbsp;&nbsp; 4.600% | 13488000 | &nbsp;&nbsp; 13691912 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **20663143** |
| **Wireless 0.6%** | **Wireless 0.6%** | **Wireless 0.6%** | **Wireless 0.6%** |
| Altice France<sup>(a)</sup>  | Altice France<sup>(a)</sup>  | Altice France<sup>(a)</sup>  | Altice France<sup>(a)</sup>  |
| 03/15/2032 | &nbsp;&nbsp; 6.500% | 4496193 | &nbsp;&nbsp; 4299503 |
| 07/15/2032 | &nbsp;&nbsp; 6.875% | 1003050 | &nbsp;&nbsp; 962955 |
| Altice France Lux 3/Holdings 1<sup>(a)</sup>  | Altice France Lux 3/Holdings 1<sup>(a)</sup>  | Altice France Lux 3/Holdings 1<sup>(a)</sup>  | Altice France Lux 3/Holdings 1<sup>(a)</sup>  |
| 01/15/2033 | &nbsp;&nbsp; 10.000% | 726600 | &nbsp;&nbsp; 683681 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** | **Corporate Bonds & Notes (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| SBA Communications Corp. | SBA Communications Corp. | SBA Communications Corp. | SBA Communications Corp. |
| 02/01/2029 | &nbsp;&nbsp; 3.125% | 5224000 | &nbsp;&nbsp; 5026699 |
| Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. |
| 11/15/2028 | &nbsp;&nbsp; 6.875% | 3098000 | &nbsp;&nbsp; 3327093 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| 01/15/2029 | &nbsp;&nbsp; 4.850% | 16320000 | &nbsp;&nbsp; 16718091 |
| Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  | Vmed O2 UK Financing I PLC<sup>(a)</sup>  |
| 01/31/2031 | &nbsp;&nbsp; 4.250% | 2637000 | &nbsp;&nbsp; 2324470 |
| 07/15/2031 | &nbsp;&nbsp; 4.750% | 2092000 | &nbsp;&nbsp; 1860289 |
| 04/15/2032 | &nbsp;&nbsp; 7.750% | 2977000 | &nbsp;&nbsp; 2976985 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **38179766** |
| **Wirelines 0.6%** | **Wirelines 0.6%** | **Wirelines 0.6%** | **Wirelines 0.6%** |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 12/01/2033 | &nbsp;&nbsp; 2.550% | 6715000 | &nbsp;&nbsp; 5817556 |
| Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  | Fibercop SpA<sup>(a)</sup>  |
| 07/18/2036 | &nbsp;&nbsp; 7.200% | 2101000 | &nbsp;&nbsp; 2138033 |
| Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  | Iliad Holding SAS<sup>(a)</sup>  |
| 10/15/2028 | &nbsp;&nbsp; 7.000% | 5063000 | &nbsp;&nbsp; 5120991 |
| Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  | Iliad Holding SASU<sup>(a)</sup>  |
| 04/15/2031 | &nbsp;&nbsp; 8.500% | 1651000 | &nbsp;&nbsp; 1767879 |
| 04/15/2032 | &nbsp;&nbsp; 7.000% | 1563000 | &nbsp;&nbsp; 1606847 |
| Level 3 Financing, Inc.<sup>(a)</sup>  | Level 3 Financing, Inc.<sup>(a)</sup>  | Level 3 Financing, Inc.<sup>(a)</sup>  | Level 3 Financing, Inc.<sup>(a)</sup>  |
| 01/15/2036 | &nbsp;&nbsp; 8.500% | 2753000 | &nbsp;&nbsp; 2865990 |
| Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  | Optics Bidco SpA<sup>(a)</sup>  |
| 06/04/2038 | &nbsp;&nbsp; 7.721% | 1579000 | &nbsp;&nbsp; 1622059 |
| Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  | Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  | Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  | Uniti Group LP/Finance 2019, Inc./CSL Capital LLC<sup>(a)</sup>  |
| 06/15/2032 | &nbsp;&nbsp; 8.625% | 1285000 | &nbsp;&nbsp; 1302321 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| 03/21/2031 | &nbsp;&nbsp; 2.550% | 7180000 | &nbsp;&nbsp; 6641813 |
| Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  | Windstream Escrow LLC/Finance Corp.<sup>(a)</sup>  |
| 10/01/2031 | &nbsp;&nbsp; 8.250% | 4339000 | &nbsp;&nbsp; 4562965 |
| Windstream Services LLC<sup>(a)</sup>  | Windstream Services LLC<sup>(a)</sup>  | Windstream Services LLC<sup>(a)</sup>  | Windstream Services LLC<sup>(a)</sup>  |
| 10/15/2033 | &nbsp;&nbsp; 7.500% | 1879000 | &nbsp;&nbsp; 1954838 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **35401292** |
| Total Corporate Bonds & Notes <br>(Cost $2,218,953,181) | Total Corporate Bonds & Notes <br>(Cost $2,218,953,181) | Total Corporate Bonds & Notes <br>(Cost $2,218,953,181) | &nbsp;&nbsp; **2252097587** |

---

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

---

| | | |
|:---|:---|:---|
| **Exchange-Traded Fixed Income Funds 1.0%** | **Exchange-Traded Fixed Income Funds 1.0%** | **Exchange-Traded Fixed Income Funds 1.0%** |
|  | **Shares** | **Value ($)** |
| **High Yield 1.0%** | **High Yield 1.0%** | **High Yield 1.0%** |
| Columbia Short Duration High Yield ETF<sup>(l)</sup> <br>| &nbsp;&nbsp; 2876000 | &nbsp;&nbsp; 58386539 |
| Total Exchange-Traded Fixed Income Funds <br>(Cost $57,778,840) | Total Exchange-Traded Fixed Income Funds <br>(Cost $57,778,840) | &nbsp;&nbsp; **58386539** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(m),(n)</sup> **11.6%** | **Foreign Government Obligations**<sup>(m),(n)</sup> **11.6%** | **Foreign Government Obligations**<sup>(m),(n)</sup> **11.6%** | **Foreign Government Obligations**<sup>(m),(n)</sup> **11.6%** | **Foreign Government Obligations**<sup>(m),(n)</sup> **11.6%** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Angola 0.5%** | **Angola 0.5%** | **Angola 0.5%** | **Angola 0.5%** | **Angola 0.5%** |
| Angolan Government International Bond<sup>(a)</sup>  | Angolan Government International Bond<sup>(a)</sup>  | Angolan Government International Bond<sup>(a)</sup>  | Angolan Government International Bond<sup>(a)</sup>  | Angolan Government International Bond<sup>(a)</sup>  |
| 04/14/2032 | &nbsp;&nbsp; 8.750% |  | 6791000 | &nbsp;&nbsp; 6654052 |
| 10/15/2035 | &nbsp;&nbsp; 9.875% |  | 5962000 | &nbsp;&nbsp; 6083435 |
| 05/08/2048 | &nbsp;&nbsp; 9.375% |  | 19939000 | &nbsp;&nbsp; 17963823 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **30701310** |
| **Bahrain 0.2%** | **Bahrain 0.2%** | **Bahrain 0.2%** | **Bahrain 0.2%** | **Bahrain 0.2%** |
| Bahrain Government International Bond<sup>(a)</sup>  | Bahrain Government International Bond<sup>(a)</sup>  | Bahrain Government International Bond<sup>(a)</sup>  | Bahrain Government International Bond<sup>(a)</sup>  | Bahrain Government International Bond<sup>(a)</sup>  |
| 02/03/2038 | &nbsp;&nbsp; 7.100% |  | 12000000 | &nbsp;&nbsp; 12034788 |
| **Brazil 0.5%** | **Brazil 0.5%** | **Brazil 0.5%** | **Brazil 0.5%** | **Brazil 0.5%** |
| Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F | Brazil Notas do Tesouro Nacional Series F |
| 01/01/2027 | &nbsp;&nbsp; 10.000% | BRL | 44000000 | &nbsp;&nbsp; 8519217 |
| Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond | Brazilian Government International Bond |
| 06/12/2030 | &nbsp;&nbsp; 3.875% |  | 2024000 | &nbsp;&nbsp; 1951972 |
| 01/12/2056 | &nbsp;&nbsp; 7.250% |  | 18680000 | &nbsp;&nbsp; 18966342 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **29437531** |
| **Canada 0.1%** | **Canada 0.1%** | **Canada 0.1%** | **Canada 0.1%** | **Canada 0.1%** |
| NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  | NOVA Chemicals Corp.<sup>(a)</sup>  |
| 06/01/2027 | &nbsp;&nbsp; 5.250% |  | 3264000 | &nbsp;&nbsp; 3281487 |
| 11/15/2028 | &nbsp;&nbsp; 8.500% |  | 880000 | &nbsp;&nbsp; 920949 |
| 02/15/2030 | &nbsp;&nbsp; 9.000% |  | 2480000 | &nbsp;&nbsp; 2637636 |
| 12/01/2031 | &nbsp;&nbsp; 7.000% |  | 1080000 | &nbsp;&nbsp; 1152900 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **7992972** |
| **Chile 0.4%** | **Chile 0.4%** | **Chile 0.4%** | **Chile 0.4%** | **Chile 0.4%** |
| Chile Government International Bond | Chile Government International Bond | Chile Government International Bond | Chile Government International Bond | Chile Government International Bond |
| 05/07/2041 | &nbsp;&nbsp; 3.100% |  | 18654000 | &nbsp;&nbsp; 14729350 |
| Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  | Corp Nacional del Cobre de Chile<sup>(a)</sup>  |
| 01/30/2037 | &nbsp;&nbsp; 5.529% |  | 9026000 | &nbsp;&nbsp; 9253395 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **23982745** |
| **Colombia 0.6%** | **Colombia 0.6%** | **Colombia 0.6%** | **Colombia 0.6%** | **Colombia 0.6%** |
| Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond | Colombia Government International Bond |
| 02/02/2034 | &nbsp;&nbsp; 7.500% |  | 29246000 | &nbsp;&nbsp; 30402880 |
| 09/18/2037 | &nbsp;&nbsp; 7.375% |  | 7543000 | &nbsp;&nbsp; 7673604 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **38076484** |
| **Dominican Republic 0.5%** | **Dominican Republic 0.5%** | **Dominican Republic 0.5%** | **Dominican Republic 0.5%** | **Dominican Republic 0.5%** |
| Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  | Dominican Republic International Bond<sup>(a)</sup>  |
| 01/30/2030 | &nbsp;&nbsp; 4.500% |  | 4264000 | &nbsp;&nbsp; 4168201 |
| 04/30/2044 | &nbsp;&nbsp; 7.450% |  | 7900000 | &nbsp;&nbsp; 8762148 |
| 01/27/2045 | &nbsp;&nbsp; 6.850% |  | 6344000 | &nbsp;&nbsp; 6634113 |
| 01/30/2060 | &nbsp;&nbsp; 5.875% |  | 9057000 | &nbsp;&nbsp; 8169470 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **27733932** |
| **Ecuador 0.2%** | **Ecuador 0.2%** | **Ecuador 0.2%** | **Ecuador 0.2%** | **Ecuador 0.2%** |
| Ecuador Government International Bond<sup>(a)</sup>  | Ecuador Government International Bond<sup>(a)</sup>  | Ecuador Government International Bond<sup>(a)</sup>  | Ecuador Government International Bond<sup>(a)</sup>  | Ecuador Government International Bond<sup>(a)</sup>  |
| 01/29/2034 | &nbsp;&nbsp; 8.750% |  | 10504000 | &nbsp;&nbsp; 10581766 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Egypt 0.5%** | **Egypt 0.5%** | **Egypt 0.5%** | **Egypt 0.5%** | **Egypt 0.5%** |
| Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  | Egypt Government International Bond<sup>(a)</sup>  |
| 01/31/2047 | &nbsp;&nbsp; 8.500% |  | 5700000 | &nbsp;&nbsp; 5450838 |
| 02/16/2061 | &nbsp;&nbsp; 7.500% |  | 29245000 | &nbsp;&nbsp; 24878599 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **30329437** |
| **Ghana 0.4%** | **Ghana 0.4%** | **Ghana 0.4%** | **Ghana 0.4%** | **Ghana 0.4%** |
| Ghana Government International Bond<sup>(a),(j)</sup>  | Ghana Government International Bond<sup>(a),(j)</sup>  | Ghana Government International Bond<sup>(a),(j)</sup>  | Ghana Government International Bond<sup>(a),(j)</sup>  | Ghana Government International Bond<sup>(a),(j)</sup>  |
| 07/03/2035 | &nbsp;&nbsp; 5.000% |  | 26996696 | &nbsp;&nbsp; 24436918 |
| **Guatemala 0.3%** | **Guatemala 0.3%** | **Guatemala 0.3%** | **Guatemala 0.3%** | **Guatemala 0.3%** |
| Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  | Guatemala Government Bond<sup>(a)</sup>  |
| 08/06/2031 | &nbsp;&nbsp; 6.050% |  | 5648000 | &nbsp;&nbsp; 5929006 |
| 08/15/2036 | &nbsp;&nbsp; 6.250% |  | 13826000 | &nbsp;&nbsp; 14644621 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **20573627** |
| **Hungary 0.2%** | **Hungary 0.2%** | **Hungary 0.2%** | **Hungary 0.2%** | **Hungary 0.2%** |
| Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  | Hungary Government International Bond<sup>(a)</sup>  |
| 09/22/2032 | &nbsp;&nbsp; 6.250% |  | 8311000 | &nbsp;&nbsp; 8930492 |
| 09/23/2055 | &nbsp;&nbsp; 6.750% |  | 5589000 | &nbsp;&nbsp; 5996137 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **14926629** |
| **India 0.6%** | **India 0.6%** | **India 0.6%** | **India 0.6%** | **India 0.6%** |
| Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  | Export-Import Bank of India<sup>(a)</sup>  |
| 01/15/2030 | &nbsp;&nbsp; 3.250% |  | 6200000 | &nbsp;&nbsp; 6007224 |
| India Government Bond | India Government Bond | India Government Bond | India Government Bond | India Government Bond |
| 02/06/2033 | &nbsp;&nbsp; 7.260% | INR | 1972730000 | &nbsp;&nbsp; 22462953 |
| Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  | Indian Railway Finance Corp., Ltd.<sup>(a)</sup>  |
| 02/10/2031 | &nbsp;&nbsp; 2.800% |  | 7000000 | &nbsp;&nbsp; 6522111 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **34992288** |
| **Indonesia 0.4%** | **Indonesia 0.4%** | **Indonesia 0.4%** | **Indonesia 0.4%** | **Indonesia 0.4%** |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara<sup>(a)</sup>  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara<sup>(a)</sup>  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara<sup>(a)</sup>  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara<sup>(a)</sup>  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara<sup>(a)</sup>  |
| 05/21/2048 | &nbsp;&nbsp; 6.150% |  | 10069000 | &nbsp;&nbsp; 10137004 |
| PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  | PT Pertamina Persero<sup>(a)</sup>  |
| 02/09/2031 | &nbsp;&nbsp; 2.300% |  | 6300000 | &nbsp;&nbsp; 5663245 |
| 05/30/2044 | &nbsp;&nbsp; 6.450% |  | 10612000 | &nbsp;&nbsp; 11242728 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **27042977** |
| **Ivory Coast 0.6%** | **Ivory Coast 0.6%** | **Ivory Coast 0.6%** | **Ivory Coast 0.6%** | **Ivory Coast 0.6%** |
| Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  | Ivory Coast Government International Bond<sup>(a)</sup>  |
| 06/15/2033 | &nbsp;&nbsp; 6.125% |  | 20109000 | &nbsp;&nbsp; 19936688 |
| 01/30/2037 | &nbsp;&nbsp; 8.250% |  | 14496000 | &nbsp;&nbsp; 15808473 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **35745161** |
| **Kazakhstan 0.0%** | **Kazakhstan 0.0%** | **Kazakhstan 0.0%** | **Kazakhstan 0.0%** | **Kazakhstan 0.0%** |
| KazMunayGas National Co., JSC<sup>(a)</sup>  | KazMunayGas National Co., JSC<sup>(a)</sup>  | KazMunayGas National Co., JSC<sup>(a)</sup>  | KazMunayGas National Co., JSC<sup>(a)</sup>  | KazMunayGas National Co., JSC<sup>(a)</sup>  |
| 10/24/2048 | &nbsp;&nbsp; 6.375% |  | 1935000 | &nbsp;&nbsp; 1982028 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Kenya 0.1%** | **Kenya 0.1%** | **Kenya 0.1%** | **Kenya 0.1%** | **Kenya 0.1%** |
| Republic of Kenya Government International Bond<sup>(a)</sup>  | Republic of Kenya Government International Bond<sup>(a)</sup>  | Republic of Kenya Government International Bond<sup>(a)</sup>  | Republic of Kenya Government International Bond<sup>(a)</sup>  | Republic of Kenya Government International Bond<sup>(a)</sup>  |
| 02/26/2039 | &nbsp;&nbsp; 8.700% |  | 3100000 | &nbsp;&nbsp; 3025198 |
| **Mexico 1.5%** | **Mexico 1.5%** | **Mexico 1.5%** | **Mexico 1.5%** | **Mexico 1.5%** |
| Comision Federal de Electricidad<sup>(a)</sup>  | Comision Federal de Electricidad<sup>(a)</sup>  | Comision Federal de Electricidad<sup>(a)</sup>  | Comision Federal de Electricidad<sup>(a)</sup>  | Comision Federal de Electricidad<sup>(a)</sup>  |
| 01/28/2034 | &nbsp;&nbsp; 6.045% |  | 310000 | &nbsp;&nbsp; 313354 |
| Mexican Bonos | Mexican Bonos | Mexican Bonos | Mexican Bonos | Mexican Bonos |
| 03/02/2028 | &nbsp;&nbsp; 8.500% | MXN | 140000000 | &nbsp;&nbsp; 8329337 |
| Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond | Mexico Government International Bond |
| 03/22/2033 | &nbsp;&nbsp; 5.375% |  | 17821000 | &nbsp;&nbsp; 17865228 |
| 05/07/2036 | &nbsp;&nbsp; 6.000% |  | 5257000 | &nbsp;&nbsp; 5395284 |
| 01/29/2038 | &nbsp;&nbsp; 6.625% |  | 3692000 | &nbsp;&nbsp; 3900487 |
| 02/09/2038 | &nbsp;&nbsp; 6.125% |  | 8509000 | &nbsp;&nbsp; 8625194 |
| 08/14/2041 | &nbsp;&nbsp; 4.280% |  | 300000 | &nbsp;&nbsp; 244387 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| 06/15/2035 | &nbsp;&nbsp; 6.625% |  | 22562000 | &nbsp;&nbsp; 21586690 |
| 02/12/2048 | &nbsp;&nbsp; 6.350% |  | 8000000 | &nbsp;&nbsp; 6417971 |
| 01/23/2050 | &nbsp;&nbsp; 7.690% |  | 21001000 | &nbsp;&nbsp; 19111198 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **91789130** |
| **Mongolia 0.2%** | **Mongolia 0.2%** | **Mongolia 0.2%** | **Mongolia 0.2%** | **Mongolia 0.2%** |
| Mongolia Government International Bond<sup>(a)</sup>  | Mongolia Government International Bond<sup>(a)</sup>  | Mongolia Government International Bond<sup>(a)</sup>  | Mongolia Government International Bond<sup>(a)</sup>  | Mongolia Government International Bond<sup>(a)</sup>  |
| 01/19/2028 | &nbsp;&nbsp; 8.650% |  | 10897000 | &nbsp;&nbsp; 11676476 |
| **Nigeria 0.3%** | **Nigeria 0.3%** | **Nigeria 0.3%** | **Nigeria 0.3%** | **Nigeria 0.3%** |
| Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  | Nigeria Government International Bond<sup>(a)</sup>  |
| 11/28/2047 | &nbsp;&nbsp; 7.625% |  | 16451000 | &nbsp;&nbsp; 15576995 |
| **Oman 0.2%** | **Oman 0.2%** | **Oman 0.2%** | **Oman 0.2%** | **Oman 0.2%** |
| Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  | Oman Government International Bond<sup>(a)</sup>  |
| 01/17/2048 | &nbsp;&nbsp; 6.750% |  | 11152000 | &nbsp;&nbsp; 12296414 |
| **Paraguay 0.1%** | **Paraguay 0.1%** | **Paraguay 0.1%** | **Paraguay 0.1%** | **Paraguay 0.1%** |
| Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  | Paraguay Government International Bond<sup>(a)</sup>  |
| 03/27/2027 | &nbsp;&nbsp; 4.700% |  | 1429000 | &nbsp;&nbsp; 1442937 |
| 08/11/2044 | &nbsp;&nbsp; 6.100% |  | 2939000 | &nbsp;&nbsp; 3057601 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **4500538** |
| **Peru 0.4%** | **Peru 0.4%** | **Peru 0.4%** | **Peru 0.4%** | **Peru 0.4%** |
| Peruvian Government International Bond | Peruvian Government International Bond | Peruvian Government International Bond | Peruvian Government International Bond | Peruvian Government International Bond |
| 03/30/2036 | &nbsp;&nbsp; 5.500% |  | 19017000 | &nbsp;&nbsp; 19661409 |
| 11/18/2050 | &nbsp;&nbsp; 5.625% |  | 4691000 | &nbsp;&nbsp; 4663398 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **24324807** |
| **Romania 0.3%** | **Romania 0.3%** | **Romania 0.3%** | **Romania 0.3%** | **Romania 0.3%** |
| Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  | Romanian Government International Bond<sup>(a)</sup>  |
| 02/10/2037 | &nbsp;&nbsp; 7.500% |  | 4732000 | &nbsp;&nbsp; 5361011 |
| 02/14/2051 | &nbsp;&nbsp; 4.000% |  | 13572000 | &nbsp;&nbsp; 9784088 |
| **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp; **15145099** |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** | **Foreign Government Obligations**<sup>(m),(n)</sup> **(continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Saudi Arabia 0.5%** | **Saudi Arabia 0.5%** | **Saudi Arabia 0.5%** | **Saudi Arabia 0.5%** |
| GACI First Investment Co.<sup>(a)</sup>  | GACI First Investment Co.<sup>(a)</sup>  | GACI First Investment Co.<sup>(a)</sup>  | GACI First Investment Co.<sup>(a)</sup>  |
| 01/29/2054 | &nbsp;&nbsp; 5.375% | 14441000 | &nbsp;&nbsp; 13417507 |
| Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  |
| 11/24/2030 | &nbsp;&nbsp; 2.250% | 15163000 | &nbsp;&nbsp; 13824693 |
| Saudi Government International Bond<sup>(a)</sup>  | Saudi Government International Bond<sup>(a)</sup>  | Saudi Government International Bond<sup>(a)</sup>  | Saudi Government International Bond<sup>(a)</sup>  |
| 02/02/2061 | &nbsp;&nbsp; 3.450% | 8626000 | &nbsp;&nbsp; 5620163 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **32862363** |
| **South Africa 0.4%** | **South Africa 0.4%** | **South Africa 0.4%** | **South Africa 0.4%** |
| 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% | 16100000 | &nbsp;&nbsp; 13560958 |
| 04/20/2052 | &nbsp;&nbsp; 7.300% | 5899000 | &nbsp;&nbsp; 5967235 |
| Republic of South Africa Government International Bond<sup>(a)</sup>  | Republic of South Africa Government International Bond<sup>(a)</sup>  | Republic of South Africa Government International Bond<sup>(a)</sup>  | Republic of South Africa Government International Bond<sup>(a)</sup>  |
| 12/11/2055 | &nbsp;&nbsp; 7.250% | 3036000 | &nbsp;&nbsp; 3034437 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **22562630** |
| **Sri Lanka 0.2%** | **Sri Lanka 0.2%** | **Sri Lanka 0.2%** | **Sri Lanka 0.2%** |
| Sri Lanka Government International Bond<sup>(a),(j)</sup>  | Sri Lanka Government International Bond<sup>(a),(j)</sup>  | Sri Lanka Government International Bond<sup>(a),(j)</sup>  | Sri Lanka Government International Bond<sup>(a),(j)</sup>  |
| 02/15/2038 | &nbsp;&nbsp; 3.600% | 12925970 | &nbsp;&nbsp; 12857853 |
| **Turkey 1.1%** | **Turkey 1.1%** | **Turkey 1.1%** | **Turkey 1.1%** |
| Turkey Government International Bond | Turkey Government International Bond | Turkey Government International Bond | Turkey Government International Bond |
| 05/11/2047 | &nbsp;&nbsp; 5.750% | 18252000 | &nbsp;&nbsp; 14901099 |
| Turkiye Government International Bond | Turkiye Government International Bond | Turkiye Government International Bond | Turkiye Government International Bond |
| 02/12/2032 | &nbsp;&nbsp; 7.125% | 41553000 | &nbsp;&nbsp; 43467936 |
| 01/14/2038 | &nbsp;&nbsp; 6.875% | 7490000 | &nbsp;&nbsp; 7463107 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **65832142** |
| **United Arab Emirates 0.3%** | **United Arab Emirates 0.3%** | **United Arab Emirates 0.3%** | **United Arab Emirates 0.3%** |
| DP World Crescent Ltd.<sup>(a)</sup>  | DP World Crescent Ltd.<sup>(a)</sup>  | DP World Crescent Ltd.<sup>(a)</sup>  | DP World Crescent Ltd.<sup>(a)</sup>  |
| 07/18/2029 | &nbsp;&nbsp; 3.875% | 5600000 | &nbsp;&nbsp; 5477916 |
| DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  | DP World Ltd.<sup>(a)</sup>  |
| 09/25/2048 | &nbsp;&nbsp; 5.625% | 6091000 | &nbsp;&nbsp; 5949048 |
| DP World PLC<sup>(a)</sup>  | DP World PLC<sup>(a)</sup>  | DP World PLC<sup>(a)</sup>  | DP World PLC<sup>(a)</sup>  |
| 07/02/2037 | &nbsp;&nbsp; 6.850% | 3650000 | &nbsp;&nbsp; 4091516 |
| 09/30/2049 | &nbsp;&nbsp; 4.700% | 2000000 | &nbsp;&nbsp; 1727400 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **17245880** |
| Total Foreign Government Obligations <br>(Cost $686,544,674) | Total Foreign Government Obligations <br>(Cost $686,544,674) | Total Foreign Government Obligations <br>(Cost $686,544,674) | &nbsp;&nbsp; **700266118** |

---

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

---

| | |
|:---|:---|
| **Joint Ventures**<sup>(o)</sup> **0.4%** | **Joint Ventures**<sup>(o)</sup> **0.4%** |
|  | **Value ($)** |
| Itasca Park LLC<sup>(c),(f),(l),(p)</sup> <br>| &nbsp;&nbsp; 12850500 |
| Itasca Park LLC - Unfunded<sup>(c),(f),(l),(p)</sup> <br>| &nbsp;&nbsp; 12000000 |
| Total Joint Ventures <br>(Cost $25,000,000) | &nbsp;&nbsp; **24850500** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency 30.9%** | **Residential Mortgage-Backed Securities - Agency 30.9%** | **Residential Mortgage-Backed Securities - Agency 30.9%** | **Residential Mortgage-Backed Securities - Agency 30.9%** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Fannie Mae REMICS<sup>(b),(q)</sup>  | Fannie Mae REMICS<sup>(b),(q)</sup>  | Fannie Mae REMICS<sup>(b),(q)</sup>  | Fannie Mae REMICS<sup>(b),(q)</sup>  |
| CMO Series 2022-27 Class SJ | CMO Series 2022-27 Class SJ | CMO Series 2022-27 Class SJ | CMO Series 2022-27 Class SJ |
| -1.0 x 30-day Average SOFR + <br> 6.100% <br>Cap 6.100% <br>06/25/2052<br>| &nbsp;&nbsp; 2.433% | 42503983 | &nbsp;&nbsp; 4645732 |
| CMO Series 2023-46 Class SD | CMO Series 2023-46 Class SD | CMO Series 2023-46 Class SD | CMO Series 2023-46 Class SD |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>06/25/2050<br>| &nbsp;&nbsp; 2.218% | 60510477 | &nbsp;&nbsp; 7218791 |
| CMO Series 2023-62 Class SA | CMO Series 2023-62 Class SA | CMO Series 2023-62 Class SA | CMO Series 2023-62 Class SA |
| -1.0 x 30-day Average SOFR + <br> 6.086% <br>Cap 6.200% <br>10/25/2048<br>| &nbsp;&nbsp; 2.418% | 63142530 | &nbsp;&nbsp; 8080236 |
| CMO Series 2025-104A Class SC | CMO Series 2025-104A Class SC | CMO Series 2025-104A Class SC | CMO Series 2025-104A Class SC |
| -1.0 x 30-day Average SOFR + <br> 5.550% <br>Cap 5.550% <br>12/25/2055<br>| &nbsp;&nbsp; 1.883% | 107059271 | &nbsp;&nbsp; 8498354 |
| Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  | Fannie Mae REMICS<sup>(b)</sup>  |
| CMO Series 2022-60A Class FA | CMO Series 2022-60A Class FA | CMO Series 2022-60A Class FA | CMO Series 2022-60A Class FA |
| 30-day Average SOFR + <br> 0.700% <br>Floor 0.700%, Cap 6.000% <br>09/25/2052<br>| &nbsp;&nbsp; 4.367% | 46674041 | &nbsp;&nbsp; 46452629 |
| CMO Series 2025-13 Class FA | CMO Series 2025-13 Class FA | CMO Series 2025-13 Class FA | CMO Series 2025-13 Class FA |
| 30-day Average SOFR + <br> 1.300% <br>Floor 1.300%, Cap 6.500% <br>03/25/2055<br>| &nbsp;&nbsp; 4.967% | 47821455 | &nbsp;&nbsp; 48269370 |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 05/01/2052 | &nbsp;&nbsp; 3.000% | 49987927 | &nbsp;&nbsp; 45766564 |
| 09/01/2052- <br>10/01/2053<br>| &nbsp;&nbsp; 5.000% | 69188599 | &nbsp;&nbsp; 70704409 |
| 12/01/2053 | &nbsp;&nbsp; 5.500% | 32010912 | &nbsp;&nbsp; 33036430 |
| 12/01/2053 | &nbsp;&nbsp; 6.000% | 32103243 | &nbsp;&nbsp; 33644092 |
| Federal Home Loan Mortgage Corp.<sup>(q)</sup>  | Federal Home Loan Mortgage Corp.<sup>(q)</sup>  | Federal Home Loan Mortgage Corp.<sup>(q)</sup>  | Federal Home Loan Mortgage Corp.<sup>(q)</sup>  |
| CMO Series 304 Class C69 | CMO Series 304 Class C69 | CMO Series 304 Class C69 | CMO Series 304 Class C69 |
| 12/15/2042 | &nbsp;&nbsp; 4.000% | 1630817 | &nbsp;&nbsp; 280209 |
| CMO Series 4147 Class CI | CMO Series 4147 Class CI | CMO Series 4147 Class CI | CMO Series 4147 Class CI |
| 01/15/2041 | &nbsp;&nbsp; 3.500% | 40663 | &nbsp;&nbsp; 33 |
| Federal Home Loan Mortgage Corp.<sup>(b),(q)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(q)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(q)</sup>  | Federal Home Loan Mortgage Corp.<sup>(b),(q)</sup>  |
| CMO Series 318 Class S1 | CMO Series 318 Class S1 | CMO Series 318 Class S1 | CMO Series 318 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.836% <br>Cap 5.950% <br>11/15/2043<br>| &nbsp;&nbsp; 2.177% | 3379694 | &nbsp;&nbsp; 392048 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 4620 Class AS | CMO Series 4620 Class AS | CMO Series 4620 Class AS | CMO Series 4620 Class AS |
| -1.0 x 30-day Average SOFR + <br> 0.554% <br>11/15/2042<br>| &nbsp;&nbsp; 2.027% | 5122359 | &nbsp;&nbsp; 543958 |
| CMO Series 4903 Class SA | CMO Series 4903 Class SA | CMO Series 4903 Class SA | CMO Series 4903 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>08/25/2049<br>| &nbsp;&nbsp; 2.268% | 18201817 | &nbsp;&nbsp; 2114530 |
| CMO STRIPS Series 326 Class S1 | CMO STRIPS Series 326 Class S1 | CMO STRIPS Series 326 Class S1 | CMO STRIPS Series 326 Class S1 |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>03/15/2044<br>| &nbsp;&nbsp; 2.227% | 586364 | &nbsp;&nbsp; 65247 |
| Federal Home Loan Mortgage Corp.<sup>(q),(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(q),(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(q),(r)</sup>  | Federal Home Loan Mortgage Corp.<sup>(q),(r)</sup>  |
| CMO Series 4515 Class SA | CMO Series 4515 Class SA | CMO Series 4515 Class SA | CMO Series 4515 Class SA |
| 08/15/2038 | &nbsp;&nbsp; 2.242% | 2107005 | &nbsp;&nbsp; 129486 |
| Federal Home Loan Mortgage Corp. REMICS<sup>(q)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(q)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(q)</sup>  | Federal Home Loan Mortgage Corp. REMICS<sup>(q)</sup>  |
| CMO Series 5051 Class KI | CMO Series 5051 Class KI | CMO Series 5051 Class KI | CMO Series 5051 Class KI |
| 12/25/2050 | &nbsp;&nbsp; 2.500% | 30368900 | &nbsp;&nbsp; 4408966 |
| CMO Series 5192 Class PI | CMO Series 5192 Class PI | CMO Series 5192 Class PI | CMO Series 5192 Class PI |
| 10/25/2051 | &nbsp;&nbsp; 2.500% | 47718703 | &nbsp;&nbsp; 5966231 |
| CMO Series 5198 Class KI | CMO Series 5198 Class KI | CMO Series 5198 Class KI | CMO Series 5198 Class KI |
| 02/25/2052 | &nbsp;&nbsp; 3.000% | 35494826 | &nbsp;&nbsp; 6065501 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 08/01/2032- <br>04/01/2052<br>| &nbsp;&nbsp; 3.000% | 31005050 | &nbsp;&nbsp; 28383145 |
| 04/01/2052 | &nbsp;&nbsp; 2.500% | 13067784 | &nbsp;&nbsp; 11393449 |
| 05/01/2052- <br>06/01/2052<br>| &nbsp;&nbsp; 3.500% | 137241751 | &nbsp;&nbsp; 131121750 |
| 10/01/2053 | &nbsp;&nbsp; 5.500% | 30397436 | &nbsp;&nbsp; 31371239 |
| Federal National Mortgage Association<sup>(q),(r)</sup>  | Federal National Mortgage Association<sup>(q),(r)</sup>  | Federal National Mortgage Association<sup>(q),(r)</sup>  | Federal National Mortgage Association<sup>(q),(r)</sup>  |
| CMO Series 2006-5 Class N1 | CMO Series 2006-5 Class N1 | CMO Series 2006-5 Class N1 | CMO Series 2006-5 Class N1 |
| 08/25/2034 | &nbsp;&nbsp; 0.000% | 1646270 | &nbsp;&nbsp; 16 |
| Federal National Mortgage Association<sup>(q)</sup>  | Federal National Mortgage Association<sup>(q)</sup>  | Federal National Mortgage Association<sup>(q)</sup>  | Federal National Mortgage Association<sup>(q)</sup>  |
| CMO Series 2012-129 Class IC | CMO Series 2012-129 Class IC | CMO Series 2012-129 Class IC | CMO Series 2012-129 Class IC |
| 01/25/2041 | &nbsp;&nbsp; 3.500% | 85861 | &nbsp;&nbsp; 479 |
| CMO Series 2013-1 Class AI | CMO Series 2013-1 Class AI | CMO Series 2013-1 Class AI | CMO Series 2013-1 Class AI |
| 02/25/2043 | &nbsp;&nbsp; 3.500% | 1231654 | &nbsp;&nbsp; 170277 |
| Federal National Mortgage Association<sup>(b),(q)</sup>  | Federal National Mortgage Association<sup>(b),(q)</sup>  | Federal National Mortgage Association<sup>(b),(q)</sup>  | Federal National Mortgage Association<sup>(b),(q)</sup>  |
| CMO Series 2013-101 Class CS | CMO Series 2013-101 Class CS | CMO Series 2013-101 Class CS | CMO Series 2013-101 Class CS |
| -1.0 x 30-day Average SOFR + <br> 5.786% <br>Cap 5.900% <br>10/25/2043<br>| &nbsp;&nbsp; 2.118% | 4875879 | &nbsp;&nbsp; 553226 |
| CMO Series 2014-93 Class ES | CMO Series 2014-93 Class ES | CMO Series 2014-93 Class ES | CMO Series 2014-93 Class ES |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>01/25/2045<br>| &nbsp;&nbsp; 2.368% | 8394226 | &nbsp;&nbsp; 1112533 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2016-26 Class SA | CMO Series 2016-26 Class SA | CMO Series 2016-26 Class SA | CMO Series 2016-26 Class SA |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>05/25/2046<br>| &nbsp;&nbsp; 2.268% | 7355684 | &nbsp;&nbsp; 947846 |
| CMO Series 2016-31 Class VS | CMO Series 2016-31 Class VS | CMO Series 2016-31 Class VS | CMO Series 2016-31 Class VS |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>06/25/2046<br>| &nbsp;&nbsp; 2.218% | 4663851 | &nbsp;&nbsp; 617395 |
| CMO Series 2016-42 Class SB | CMO Series 2016-42 Class SB | CMO Series 2016-42 Class SB | CMO Series 2016-42 Class SB |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>07/25/2046<br>| &nbsp;&nbsp; 2.218% | 16422731 | &nbsp;&nbsp; 2213009 |
| CMO Series 2017-47 Class SE | CMO Series 2017-47 Class SE | CMO Series 2017-47 Class SE | CMO Series 2017-47 Class SE |
| -1.0 x 30-day Average SOFR + <br> 5.986% <br>Cap 6.100% <br>06/25/2047<br>| &nbsp;&nbsp; 2.318% | 5135760 | &nbsp;&nbsp; 667338 |
| CMO Series 2017-56 Class SB | CMO Series 2017-56 Class SB | CMO Series 2017-56 Class SB | CMO Series 2017-56 Class SB |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>07/25/2047<br>| &nbsp;&nbsp; 2.368% | 17851636 | &nbsp;&nbsp; 2421414 |
| CMO Series 2018-76 Class SN | CMO Series 2018-76 Class SN | CMO Series 2018-76 Class SN | CMO Series 2018-76 Class SN |
| -1.0 x 30-day Average SOFR + <br> 6.036% <br>Cap 6.150% <br>10/25/2048<br>| &nbsp;&nbsp; 2.368% | 5985298 | &nbsp;&nbsp; 870454 |
| CMO Series 2019-67 Class SE | CMO Series 2019-67 Class SE | CMO Series 2019-67 Class SE | CMO Series 2019-67 Class SE |
| -1.0 x 30-day Average SOFR + <br> 5.936% <br>Cap 6.050% <br>11/25/2049<br>| &nbsp;&nbsp; 2.268% | 16356165 | &nbsp;&nbsp; 2364773 |
| CMO Series 2019-8 Class SG | CMO Series 2019-8 Class SG | CMO Series 2019-8 Class SG | CMO Series 2019-8 Class SG |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>03/25/2049<br>| &nbsp;&nbsp; 2.218% | 15794114 | &nbsp;&nbsp; 1724417 |
| Federal National Mortgage Association REMICS<sup>(q)</sup>  | Federal National Mortgage Association REMICS<sup>(q)</sup>  | Federal National Mortgage Association REMICS<sup>(q)</sup>  | Federal National Mortgage Association REMICS<sup>(q)</sup>  |
| CMO Series 2020-77 Class IL | CMO Series 2020-77 Class IL | CMO Series 2020-77 Class IL | CMO Series 2020-77 Class IL |
| 11/25/2050 | &nbsp;&nbsp; 2.500% | 29245999 | &nbsp;&nbsp; 3562297 |
| Federal National Mortgage Association REMICS<sup>(b),(q)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(q)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(q)</sup>  | Federal National Mortgage Association REMICS<sup>(b),(q)</sup>  |
| CMO Series 2023-61 Class GS | CMO Series 2023-61 Class GS | CMO Series 2023-61 Class GS | CMO Series 2023-61 Class GS |
| -1.0 x 30-day Average SOFR + <br> 5.700% <br>Cap 5.700% <br>12/25/2053<br>| &nbsp;&nbsp; 2.033% | 111586770 | &nbsp;&nbsp; 6002409 |
| Freddie Mac REMICS<sup>(q)</sup>  | Freddie Mac REMICS<sup>(q)</sup>  | Freddie Mac REMICS<sup>(q)</sup>  | Freddie Mac REMICS<sup>(q)</sup>  |
| CMO Series 5287 Class NI | CMO Series 5287 Class NI | CMO Series 5287 Class NI | CMO Series 5287 Class NI |
| 05/25/2051 | &nbsp;&nbsp; 3.500% | 34054720 | &nbsp;&nbsp; 6813072 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Freddie Mac REMICS<sup>(b),(q)</sup>  | Freddie Mac REMICS<sup>(b),(q)</sup>  | Freddie Mac REMICS<sup>(b),(q)</sup>  | Freddie Mac REMICS<sup>(b),(q)</sup>  |
| CMO Series 5356 Class SC | CMO Series 5356 Class SC | CMO Series 5356 Class SC | CMO Series 5356 Class SC |
| -1.0 x 30-day Average SOFR + <br> 5.886% <br>Cap 6.000% <br>07/15/2049<br>| &nbsp;&nbsp; 2.227% | 76122334 | &nbsp;&nbsp; 8789678 |
| CMO Series 5559 Class SC | CMO Series 5559 Class SC | CMO Series 5559 Class SC | CMO Series 5559 Class SC |
| -1.0 x 30-day Average SOFR + <br> 5.850% <br>Cap 5.850% <br>07/25/2055<br>| &nbsp;&nbsp; 2.183% | 35426945 | &nbsp;&nbsp; 2894381 |
| Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  | Freddie Mac REMICS<sup>(b)</sup>  |
| CMO Series 5513 Class MQ | CMO Series 5513 Class MQ | CMO Series 5513 Class MQ | CMO Series 5513 Class MQ |
| 30-day Average SOFR + <br> 3.950% <br>Cap 8.250% <br>06/25/2054<br>| &nbsp;&nbsp; 7.617% | 28665720 | &nbsp;&nbsp; 29194640 |
| CMO Series 5515 Class FM | CMO Series 5515 Class FM | CMO Series 5515 Class FM | CMO Series 5515 Class FM |
| 30-day Average SOFR + <br> 1.350% <br>Floor 1.350%, Cap 6.500% <br>03/25/2055<br>| &nbsp;&nbsp; 5.017% | 25388605 | &nbsp;&nbsp; 25662685 |
| CMO Series 5517 Class HT | CMO Series 5517 Class HT | CMO Series 5517 Class HT | CMO Series 5517 Class HT |
| 30-day Average SOFR + <br> 3.950% <br>Floor 3.950%, Cap 8.250% <br>03/25/2055<br>| &nbsp;&nbsp; 7.617% | 24309251 | &nbsp;&nbsp; 24739398 |
| CMO Series 5532 Class MB | CMO Series 5532 Class MB | CMO Series 5532 Class MB | CMO Series 5532 Class MB |
| 30-day Average SOFR + <br> 3.950% <br>Cap 8.250% <br>04/25/2055<br>| &nbsp;&nbsp; 7.617% | 13587246 | &nbsp;&nbsp; 13822380 |
| CMO Series 5573 Class F | CMO Series 5573 Class F | CMO Series 5573 Class F | CMO Series 5573 Class F |
| 30-day Average SOFR + <br> 1.000% <br>Cap 8.550% <br>09/25/2055<br>| &nbsp;&nbsp; 7.967% | 17480382 | &nbsp;&nbsp; 17875596 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| 08/15/2031 | &nbsp;&nbsp; 7.000% | 7419 | &nbsp;&nbsp; 7653 |
| 04/15/2034 | &nbsp;&nbsp; 5.000% | 50963 | &nbsp;&nbsp; 52008 |
| Government National Mortgage Association<sup>(q)</sup>  | Government National Mortgage Association<sup>(q)</sup>  | Government National Mortgage Association<sup>(q)</sup>  | Government National Mortgage Association<sup>(q)</sup>  |
| CMO Series 2014-190 Class AI | CMO Series 2014-190 Class AI | CMO Series 2014-190 Class AI | CMO Series 2014-190 Class AI |
| 12/20/2038 | &nbsp;&nbsp; 3.500% | 4138348 | &nbsp;&nbsp; 196447 |
| CMO Series 2020-138 Class GI | CMO Series 2020-138 Class GI | CMO Series 2020-138 Class GI | CMO Series 2020-138 Class GI |
| 09/20/2050 | &nbsp;&nbsp; 3.000% | 27639017 | &nbsp;&nbsp; 4351421 |
| CMO Series 2020-191 Class UG | CMO Series 2020-191 Class UG | CMO Series 2020-191 Class UG | CMO Series 2020-191 Class UG |
| 12/20/2050 | &nbsp;&nbsp; 3.500% | 32031051 | &nbsp;&nbsp; 5351892 |
| CMO Series 2021-140 Class IW | CMO Series 2021-140 Class IW | CMO Series 2021-140 Class IW | CMO Series 2021-140 Class IW |
| 08/20/2051 | &nbsp;&nbsp; 3.500% | 38539357 | &nbsp;&nbsp; 7149933 |
| CMO Series 2021-57 Class KI | CMO Series 2021-57 Class KI | CMO Series 2021-57 Class KI | CMO Series 2021-57 Class KI |
| 03/20/2051 | &nbsp;&nbsp; 3.500% | 35111407 | &nbsp;&nbsp; 7188246 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2021-89 Class IO | CMO Series 2021-89 Class IO | CMO Series 2021-89 Class IO | CMO Series 2021-89 Class IO |
| 05/20/2051 | &nbsp;&nbsp; 3.000% | 40604758 | &nbsp;&nbsp; 7444375 |
| Government National Mortgage Association<sup>(b),(q)</sup>  | Government National Mortgage Association<sup>(b),(q)</sup>  | Government National Mortgage Association<sup>(b),(q)</sup>  | Government National Mortgage Association<sup>(b),(q)</sup>  |
| CMO Series 2016-20 Class SQ | CMO Series 2016-20 Class SQ | CMO Series 2016-20 Class SQ | CMO Series 2016-20 Class SQ |
| -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>02/20/2046<br>| &nbsp;&nbsp; 2.318% | 7360187 | &nbsp;&nbsp; 1075583 |
| CMO Series 2017-129 Class SA | CMO Series 2017-129 Class SA | CMO Series 2017-129 Class SA | CMO Series 2017-129 Class SA |
| -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>08/20/2047<br>| &nbsp;&nbsp; 2.418% | 6207211 | &nbsp;&nbsp; 856634 |
| CMO Series 2017-133 Class SM | CMO Series 2017-133 Class SM | CMO Series 2017-133 Class SM | CMO Series 2017-133 Class SM |
| -1.0 x 1-month Term SOFR + <br> 6.136% <br>Cap 6.250% <br>09/20/2047<br>| &nbsp;&nbsp; 2.468% | 6613577 | &nbsp;&nbsp; 916716 |
| CMO Series 2017-141 Class ES | CMO Series 2017-141 Class ES | CMO Series 2017-141 Class ES | CMO Series 2017-141 Class ES |
| -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>09/20/2047<br>| &nbsp;&nbsp; 2.418% | 8945203 | &nbsp;&nbsp; 1436495 |
| CMO Series 2018-124 Class SA | CMO Series 2018-124 Class SA | CMO Series 2018-124 Class SA | CMO Series 2018-124 Class SA |
| -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>09/20/2048<br>| &nbsp;&nbsp; 2.418% | 10325644 | &nbsp;&nbsp; 1466175 |
| CMO Series 2018-147 Class SD | CMO Series 2018-147 Class SD | CMO Series 2018-147 Class SD | CMO Series 2018-147 Class SD |
| -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>10/20/2048<br>| &nbsp;&nbsp; 2.368% | 20215473 | &nbsp;&nbsp; 2968644 |
| CMO Series 2018-155 Class ES | CMO Series 2018-155 Class ES | CMO Series 2018-155 Class ES | CMO Series 2018-155 Class ES |
| -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>11/20/2048<br>| &nbsp;&nbsp; 2.318% | 8468995 | &nbsp;&nbsp; 1162884 |
| CMO Series 2018-168 Class SA | CMO Series 2018-168 Class SA | CMO Series 2018-168 Class SA | CMO Series 2018-168 Class SA |
| -1.0 x 1-month Term SOFR + <br> 5.986% <br>Cap 6.100% <br>12/20/2048<br>| &nbsp;&nbsp; 2.318% | 7231997 | &nbsp;&nbsp; 1152545 |
| CMO Series 2018-67 Class SP | CMO Series 2018-67 Class SP | CMO Series 2018-67 Class SP | CMO Series 2018-67 Class SP |
| -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>05/20/2048<br>| &nbsp;&nbsp; 2.418% | 6549991 | &nbsp;&nbsp; 911301 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2019-152 Class BS | CMO Series 2019-152 Class BS | CMO Series 2019-152 Class BS | CMO Series 2019-152 Class BS |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>12/20/2049<br>| &nbsp;&nbsp; 2.268% | 17390030 | &nbsp;&nbsp; 2337015 |
| CMO Series 2019-23 Class LS | CMO Series 2019-23 Class LS | CMO Series 2019-23 Class LS | CMO Series 2019-23 Class LS |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>02/20/2049<br>| &nbsp;&nbsp; 2.268% | 4892642 | &nbsp;&nbsp; 590869 |
| CMO Series 2019-23 Class QS | CMO Series 2019-23 Class QS | CMO Series 2019-23 Class QS | CMO Series 2019-23 Class QS |
| -1.0 x 1-month Term SOFR + <br> 6.164% <br>Cap 6.050% <br>02/20/2049<br>| &nbsp;&nbsp; 2.268% | 13995726 | &nbsp;&nbsp; 1689439 |
| CMO Series 2019-29 Class DS | CMO Series 2019-29 Class DS | CMO Series 2019-29 Class DS | CMO Series 2019-29 Class DS |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>03/20/2049<br>| &nbsp;&nbsp; 2.268% | 12028568 | &nbsp;&nbsp; 1250890 |
| CMO Series 2019-41 Class AS | CMO Series 2019-41 Class AS | CMO Series 2019-41 Class AS | CMO Series 2019-41 Class AS |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>03/20/2049<br>| &nbsp;&nbsp; 2.268% | 11553466 | &nbsp;&nbsp; 1395354 |
| CMO Series 2019-5 Class SH | CMO Series 2019-5 Class SH | CMO Series 2019-5 Class SH | CMO Series 2019-5 Class SH |
| -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>01/20/2049<br>| &nbsp;&nbsp; 2.368% | 7675474 | &nbsp;&nbsp; 910316 |
| CMO Series 2019-59 Class JS | CMO Series 2019-59 Class JS | CMO Series 2019-59 Class JS | CMO Series 2019-59 Class JS |
| -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>05/20/2049<br>| &nbsp;&nbsp; 2.368% | 7833903 | &nbsp;&nbsp; 901256 |
| CMO Series 2020-101 Class SA | CMO Series 2020-101 Class SA | CMO Series 2020-101 Class SA | CMO Series 2020-101 Class SA |
| -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>07/20/2050<br>| &nbsp;&nbsp; 2.418% | 45970406 | &nbsp;&nbsp; 6563471 |
| CMO Series 2020-55 Class SA | CMO Series 2020-55 Class SA | CMO Series 2020-55 Class SA | CMO Series 2020-55 Class SA |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>04/20/2050<br>| &nbsp;&nbsp; 2.268% | 30909819 | &nbsp;&nbsp; 4020842 |
| CMO Series 2020-61 Class SM | CMO Series 2020-61 Class SM | CMO Series 2020-61 Class SM | CMO Series 2020-61 Class SM |
| -1.0 x 1-month Term SOFR + <br> 6.486% <br>Cap 6.600% <br>07/20/2043<br>| &nbsp;&nbsp; 2.818% | 30101402 | &nbsp;&nbsp; 4880744 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2020-61 Class SW | CMO Series 2020-61 Class SW | CMO Series 2020-61 Class SW | CMO Series 2020-61 Class SW |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>08/20/2049<br>| &nbsp;&nbsp; 2.268% | 34654715 | &nbsp;&nbsp; 4201420 |
| CMO Series 2021-155 Class SG | CMO Series 2021-155 Class SG | CMO Series 2021-155 Class SG | CMO Series 2021-155 Class SG |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>09/20/2051<br>| &nbsp;&nbsp; 2.518% | 37611924 | &nbsp;&nbsp; 5588410 |
| CMO Series 2021-58 Class SH | CMO Series 2021-58 Class SH | CMO Series 2021-58 Class SH | CMO Series 2021-58 Class SH |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>04/20/2051<br>| &nbsp;&nbsp; 2.518% | 41796363 | &nbsp;&nbsp; 5941219 |
| CMO Series 2022-148 Class BS | CMO Series 2022-148 Class BS | CMO Series 2022-148 Class BS | CMO Series 2022-148 Class BS |
| -1.0 x 30-day Average SOFR + <br> 5.950% <br>Cap 5.950% <br>08/20/2052<br>| &nbsp;&nbsp; 2.289% | 21630215 | &nbsp;&nbsp; 2723086 |
| CMO Series 2022-197 Class DS | CMO Series 2022-197 Class DS | CMO Series 2022-197 Class DS | CMO Series 2022-197 Class DS |
| -1.0 x 30-day Average SOFR + <br> 6.800% <br>Cap 6.800% <br>11/20/2052<br>| &nbsp;&nbsp; 3.139% | 52457513 | &nbsp;&nbsp; 6959822 |
| CMO Series 2022-215 Class ES | CMO Series 2022-215 Class ES | CMO Series 2022-215 Class ES | CMO Series 2022-215 Class ES |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>12/20/2049<br>| &nbsp;&nbsp; 2.268% | 58822510 | &nbsp;&nbsp; 8093754 |
| CMO Series 2022-90 Class SD | CMO Series 2022-90 Class SD | CMO Series 2022-90 Class SD | CMO Series 2022-90 Class SD |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>05/20/2050<br>| &nbsp;&nbsp; 2.268% | 33352412 | &nbsp;&nbsp; 4079444 |
| CMO Series 2022-90 Class SM | CMO Series 2022-90 Class SM | CMO Series 2022-90 Class SM | CMO Series 2022-90 Class SM |
| -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>07/20/2050<br>| &nbsp;&nbsp; 2.368% | 55049223 | &nbsp;&nbsp; 6959648 |
| CMO Series 2023-165 Class SG | CMO Series 2023-165 Class SG | CMO Series 2023-165 Class SG | CMO Series 2023-165 Class SG |
| -1.0 x 1-month Term SOFR + <br> 6.036% <br>Cap 6.150% <br>02/20/2050<br>| &nbsp;&nbsp; 2.368% | 63075321 | &nbsp;&nbsp; 8248196 |
| CMO Series 2023-17 Class SY | CMO Series 2023-17 Class SY | CMO Series 2023-17 Class SY | CMO Series 2023-17 Class SY |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>05/20/2050<br>| &nbsp;&nbsp; 2.268% | 53281826 | &nbsp;&nbsp; 6234645 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2023-18 Class SB | CMO Series 2023-18 Class SB | CMO Series 2023-18 Class SB | CMO Series 2023-18 Class SB |
| -1.0 x 30-day Average SOFR + <br> 5.690% <br>Cap 5.690% <br>02/20/2053<br>| &nbsp;&nbsp; 2.029% | 36311095 | &nbsp;&nbsp; 3438189 |
| CMO Series 2023-32 Class SD | CMO Series 2023-32 Class SD | CMO Series 2023-32 Class SD | CMO Series 2023-32 Class SD |
| -1.0 x 30-day Average SOFR + <br> 5.750% <br>Cap 5.750% <br>02/20/2053<br>| &nbsp;&nbsp; 2.089% | 64262963 | &nbsp;&nbsp; 6455536 |
| CMO Series 2023-66 Class SK | CMO Series 2023-66 Class SK | CMO Series 2023-66 Class SK | CMO Series 2023-66 Class SK |
| -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>07/20/2050<br>| &nbsp;&nbsp; 2.418% | 59872279 | &nbsp;&nbsp; 7859458 |
| CMO Series 2023-75 Class SB | CMO Series 2023-75 Class SB | CMO Series 2023-75 Class SB | CMO Series 2023-75 Class SB |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>06/20/2050<br>| &nbsp;&nbsp; 2.268% | 65598012 | &nbsp;&nbsp; 8372491 |
| CMO Series 2024-110 Class SG | CMO Series 2024-110 Class SG | CMO Series 2024-110 Class SG | CMO Series 2024-110 Class SG |
| -1.0 x 30-day Average SOFR + <br> 5.950% <br>Cap 5.950% <br>07/20/2054<br>| &nbsp;&nbsp; 2.289% | 49843639 | &nbsp;&nbsp; 3703382 |
| CMO Series 2024-110 Class SQ | CMO Series 2024-110 Class SQ | CMO Series 2024-110 Class SQ | CMO Series 2024-110 Class SQ |
| -1.0 x 30-day Average SOFR + <br> 6.650% <br>Cap 6.650% <br>07/20/2054<br>| &nbsp;&nbsp; 2.989% | 66518784 | &nbsp;&nbsp; 7405969 |
| CMO Series 2024-128 Class S | CMO Series 2024-128 Class S | CMO Series 2024-128 Class S | CMO Series 2024-128 Class S |
| -1.0 x 1-month Term SOFR + <br> 6.086% <br>Cap 6.200% <br>09/20/2048<br>| &nbsp;&nbsp; 2.418% | 53922270 | &nbsp;&nbsp; 6049858 |
| CMO Series 2024-24 Class SB | CMO Series 2024-24 Class SB | CMO Series 2024-24 Class SB | CMO Series 2024-24 Class SB |
| -1.0 x 1-month Term SOFR + <br> 5.936% <br>Cap 6.050% <br>04/20/2049<br>| &nbsp;&nbsp; 2.268% | 48015637 | &nbsp;&nbsp; 6179334 |
| CMO Series 2024-25 Class SG | CMO Series 2024-25 Class SG | CMO Series 2024-25 Class SG | CMO Series 2024-25 Class SG |
| -1.0 x 1-month Term SOFR + <br> 6.186% <br>Cap 6.300% <br>06/20/2051<br>| &nbsp;&nbsp; 2.518% | 71364290 | &nbsp;&nbsp; 9587678 |
| CMO Series 2024-30 Class IM | CMO Series 2024-30 Class IM | CMO Series 2024-30 Class IM | CMO Series 2024-30 Class IM |
| -1.0 x 30-day Average SOFR + <br> 5.250% <br>Cap 5.250% <br>02/20/2054<br>| &nbsp;&nbsp; 1.589% | 86100110 | &nbsp;&nbsp; 4443265 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| CMO Series 2024-30 Class SN | CMO Series 2024-30 Class SN | CMO Series 2024-30 Class SN | CMO Series 2024-30 Class SN |
| 30-day Average SOFR + <br> 6.950% <br>Cap 6.950% <br>02/20/2054<br>| &nbsp;&nbsp; 3.289% | 98168802 | &nbsp;&nbsp; 10124757 |
| CMO Series 2024-64 Class SM | CMO Series 2024-64 Class SM | CMO Series 2024-64 Class SM | CMO Series 2024-64 Class SM |
| -1.0 x 30-day Average SOFR + <br> 6.000% <br>Cap 6.000% <br>04/20/2054<br>| &nbsp;&nbsp; 2.297% | 45430153 | &nbsp;&nbsp; 4887926 |
| CMO Series 2024-64 Class SN | CMO Series 2024-64 Class SN | CMO Series 2024-64 Class SN | CMO Series 2024-64 Class SN |
| -1.0 x 30-day Average SOFR + <br> 5.300% <br>Cap 5.300% <br>04/20/2054<br>| &nbsp;&nbsp; 1.639% | 63790769 | &nbsp;&nbsp; 3759943 |
| CMO Series 2024-79 Class HS | CMO Series 2024-79 Class HS | CMO Series 2024-79 Class HS | CMO Series 2024-79 Class HS |
| -1.0 x 30-day Average SOFR + <br> 7.250% <br>Cap 7.250% <br>05/20/2054<br>| &nbsp;&nbsp; 3.589% | 26944510 | &nbsp;&nbsp; 3044261 |
| CMO Series 2024-79 Class JS | CMO Series 2024-79 Class JS | CMO Series 2024-79 Class JS | CMO Series 2024-79 Class JS |
| -1.0 x 30-day Average SOFR + <br> 7.250% <br>Cap 7.250% <br>05/20/2054<br>| &nbsp;&nbsp; 3.589% | 41993807 | &nbsp;&nbsp; 4972067 |
| CMO Series 2024-97 Class YS | CMO Series 2024-97 Class YS | CMO Series 2024-97 Class YS | CMO Series 2024-97 Class YS |
| -1.0 x 30-day Average SOFR + <br> 6.650% <br>Cap 6.650% <br>06/20/2054<br>| &nbsp;&nbsp; 2.989% | 63337429 | &nbsp;&nbsp; 6225018 |
| CMO Series 2025-25 Class SH | CMO Series 2025-25 Class SH | CMO Series 2025-25 Class SH | CMO Series 2025-25 Class SH |
| -1.0 x 30-day Average SOFR + <br> 5.300% <br>Cap 5.300% <br>02/20/2055<br>| &nbsp;&nbsp; 1.639% | 38961344 | &nbsp;&nbsp; 2554707 |
| Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  | Government National Mortgage Association<sup>(b)</sup>  |
| CMO Series 2025-149M Class FP | CMO Series 2025-149M Class FP | CMO Series 2025-149M Class FP | CMO Series 2025-149M Class FP |
| 30-day Average SOFR + <br> 1.100% <br>Floor 1.100%, Cap 6.500% <br>09/20/2055<br>| &nbsp;&nbsp; 4.762% | 17885908 | &nbsp;&nbsp; 18038898 |
| CMO Series 2025-39 Class M | CMO Series 2025-39 Class M | CMO Series 2025-39 Class M | CMO Series 2025-39 Class M |
| 30-day Average SOFR + <br> 4.000% <br>Floor 4.000%, Cap 7.700% <br>03/20/2055<br>| &nbsp;&nbsp; 7.662% | 23649546 | &nbsp;&nbsp; 24588828 |
| Government National Mortgage Association TBA<sup>(h)</sup>  | Government National Mortgage Association TBA<sup>(h)</sup>  | Government National Mortgage Association TBA<sup>(h)</sup>  | Government National Mortgage Association TBA<sup>(h)</sup>  |
| 03/19/2056 | &nbsp;&nbsp; 3.000% | 32000000 | &nbsp;&nbsp; 29346519 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** | **Residential Mortgage-Backed Securities - Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Uniform Mortgage-Backed Security TBA<sup>(h)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(h)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(h)</sup>  | Uniform Mortgage-Backed Security TBA<sup>(h)</sup>  |
| 03/12/2038 | &nbsp;&nbsp; 6.000% | 152000000 | &nbsp;&nbsp; 155904617 |
| 03/17/2041- <br>03/13/2054<br>| &nbsp;&nbsp; 3.000% | 91000000 | &nbsp;&nbsp; 83495564 |
| 03/13/2055 | &nbsp;&nbsp; 4.000% | 174500000 | &nbsp;&nbsp; 169581428 |
| 03/13/2055 | &nbsp;&nbsp; 5.000% | 203000000 | &nbsp;&nbsp; 203910544 |
| 03/12/2056 | &nbsp;&nbsp; 4.500% | 101000000 | &nbsp;&nbsp; 99873869 |
| 03/12/2056 | &nbsp;&nbsp; 5.500% | 176100000 | &nbsp;&nbsp; 178923374 |
| Total Residential Mortgage-Backed Securities - Agency <br>(Cost $1,845,103,180) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $1,845,103,180) | Total Residential Mortgage-Backed Securities - Agency <br>(Cost $1,845,103,180) | &nbsp;&nbsp; **1871558384** |
| **Residential Mortgage-Backed Securities - Non-Agency 6.6%** | **Residential Mortgage-Backed Securities - Non-Agency 6.6%** | **Residential Mortgage-Backed Securities - Non-Agency 6.6%** | **Residential Mortgage-Backed Securities - Non-Agency 6.6%** |
| A&D Mortgage Trust<sup>(a),(j)</sup>  | A&D Mortgage Trust<sup>(a),(j)</sup>  | A&D Mortgage Trust<sup>(a),(j)</sup>  | A&D Mortgage Trust<sup>(a),(j)</sup>  |
| CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 |
| 07/25/2069 | &nbsp;&nbsp; 6.451% | 11763624 | &nbsp;&nbsp; 11937607 |
| Barclays Mortgage Loan Trust<sup>(a),(r)</sup>  | Barclays Mortgage Loan Trust<sup>(a),(r)</sup>  | Barclays Mortgage Loan Trust<sup>(a),(r)</sup>  | Barclays Mortgage Loan Trust<sup>(a),(r)</sup>  |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 05/25/2065 | &nbsp;&nbsp; 5.640% | 8391866 | &nbsp;&nbsp; 8509975 |
| CAFL Issuer LLC<sup>(a),(j)</sup>  | CAFL Issuer LLC<sup>(a),(j)</sup>  | CAFL Issuer LLC<sup>(a),(j)</sup>  | CAFL Issuer LLC<sup>(a),(j)</sup>  |
| CMO Series 2021-RTL1 Class A1 | CMO Series 2021-RTL1 Class A1 | CMO Series 2021-RTL1 Class A1 | CMO Series 2021-RTL1 Class A1 |
| 03/28/2029 | &nbsp;&nbsp; 2.239% | 1198453 | &nbsp;&nbsp; 1198441 |
| Citigroup Mortgage Loan Trust, Inc.<sup>(a),(r)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a),(r)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a),(r)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a),(r)</sup>  |
| CMO Series 2010-6 Class 2A2 | CMO Series 2010-6 Class 2A2 | CMO Series 2010-6 Class 2A2 | CMO Series 2010-6 Class 2A2 |
| 09/25/2035 | &nbsp;&nbsp; 6.041% | 5516 | &nbsp;&nbsp; 5491 |
| Citigroup Mortgage Loan Trust, Inc.<sup>(a)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a)</sup>  | Citigroup Mortgage Loan Trust, Inc.<sup>(a)</sup>  |
| Subordinated CMO Series 2014-C Class B1 | Subordinated CMO Series 2014-C Class B1 | Subordinated CMO Series 2014-C Class B1 | Subordinated CMO Series 2014-C Class B1 |
| 02/25/2054 | &nbsp;&nbsp; 4.250% | 67093 | &nbsp;&nbsp; 66877 |
| Cross Mortgage Trust<sup>(a),(r)</sup>  | Cross Mortgage Trust<sup>(a),(r)</sup>  | Cross Mortgage Trust<sup>(a),(r)</sup>  | Cross Mortgage Trust<sup>(a),(r)</sup>  |
| CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 | CMO Series 2025-H5 Class A1 |
| 07/25/2070 | &nbsp;&nbsp; 5.509% | 10126855 | &nbsp;&nbsp; 10246686 |
| Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  | Freddie Mac STACR REMIC Trust<sup>(a),(b)</sup>  |
| CMO Series 2022-HQA1 Class M2 | CMO Series 2022-HQA1 Class M2 | CMO Series 2022-HQA1 Class M2 | CMO Series 2022-HQA1 Class M2 |
| 30-day Average SOFR + <br> 5.250% <br>03/25/2042<br>| &nbsp;&nbsp; 8.917% | 9950000 | &nbsp;&nbsp; 10375463 |
| Subordinated CMO Series 2020-DNA6 Class B1 | Subordinated CMO Series 2020-DNA6 Class B1 | Subordinated CMO Series 2020-DNA6 Class B1 | Subordinated CMO Series 2020-DNA6 Class B1 |
| 30-day Average SOFR + <br> 3.000% <br>12/25/2050<br>| &nbsp;&nbsp; 6.667% | 15400000 | &nbsp;&nbsp; 16492439 |
| Subordinated CMO Series 2021-DNA1 Class B1 | Subordinated CMO Series 2021-DNA1 Class B1 | Subordinated CMO Series 2021-DNA1 Class B1 | Subordinated CMO Series 2021-DNA1 Class B1 |
| 30-day Average SOFR + <br> 2.650% <br>01/25/2051<br>| &nbsp;&nbsp; 6.317% | 10400000 | &nbsp;&nbsp; 10951486 |
| Subordinated CMO Series 2021-DNA5 Class B1 | Subordinated CMO Series 2021-DNA5 Class B1 | Subordinated CMO Series 2021-DNA5 Class B1 | Subordinated CMO Series 2021-DNA5 Class B1 |
| 30-day Average SOFR + <br> 3.050% <br>01/25/2034<br>| &nbsp;&nbsp; 6.717% | 15700000 | &nbsp;&nbsp; 16685167 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(a),(b)</sup>  |
| CMO Series 2019-CS02 Class B2 | CMO Series 2019-CS02 Class B2 | CMO Series 2019-CS02 Class B2 | CMO Series 2019-CS02 Class B2 |
| 30-day Average SOFR + <br> 0.114% <br>02/25/2032<br>| &nbsp;&nbsp; 4.454% | 3309898 | &nbsp;&nbsp; 3271013 |
| CMO Series 2019-CS02 Class B3 | CMO Series 2019-CS02 Class B3 | CMO Series 2019-CS02 Class B3 | CMO Series 2019-CS02 Class B3 |
| 30-day Average SOFR + <br> 0.114% <br>02/25/2032<br>| &nbsp;&nbsp; 4.454% | 7646288 | &nbsp;&nbsp; 7401864 |
| Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(q)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(q)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(q)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(q)</sup>  |
| CMO Series 2019-CS02 Class IO | CMO Series 2019-CS02 Class IO | CMO Series 2019-CS02 Class IO | CMO Series 2019-CS02 Class IO |
| 02/25/2029 | &nbsp;&nbsp; 0.270% | 623276065 | &nbsp;&nbsp; 3784034 |
| CMO Series 2020-CS02 Class IO1 | CMO Series 2020-CS02 Class IO1 | CMO Series 2020-CS02 Class IO1 | CMO Series 2020-CS02 Class IO1 |
| 05/25/2030 | &nbsp;&nbsp; 0.090% | 1128930757 | &nbsp;&nbsp; 2938494 |
| CMO Series 2020-CS02 Class IO2 | CMO Series 2020-CS02 Class IO2 | CMO Series 2020-CS02 Class IO2 | CMO Series 2020-CS02 Class IO2 |
| 06/25/2030 | &nbsp;&nbsp; 0.115% | 1128930757 | &nbsp;&nbsp; 3754711 |
| Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b)</sup>  | Freddie Mac Structured Agency Credit Risk Debt Notes<sup>(b)</sup>  |
| Subordinated CMO Series 2020-CS02 Class B2 | Subordinated CMO Series 2020-CS02 Class B2 | Subordinated CMO Series 2020-CS02 Class B2 | Subordinated CMO Series 2020-CS02 Class B2 |
| 30-day Average SOFR + <br> 0.114% <br>06/25/2033<br>| &nbsp;&nbsp; 4.454% | 14608000 | &nbsp;&nbsp; 12600672 |
| GCAT Trust<sup>(a),(j)</sup>  | GCAT Trust<sup>(a),(j)</sup>  | GCAT Trust<sup>(a),(j)</sup>  | GCAT Trust<sup>(a),(j)</sup>  |
| CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 | CMO Series 2025-NQM3 Class A1 |
| 05/25/2070 | &nbsp;&nbsp; 5.550% | 12312256 | &nbsp;&nbsp; 12459388 |
| GITSIT Mortgage Loan Trust<sup>(a),(j)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(j)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(j)</sup>  | GITSIT Mortgage Loan Trust<sup>(a),(j)</sup>  |
| CMO Series 2025-NPL1 Class A1 | CMO Series 2025-NPL1 Class A1 | CMO Series 2025-NPL1 Class A1 | CMO Series 2025-NPL1 Class A1 |
| 02/25/2055 | &nbsp;&nbsp; 6.276% | 5527365 | &nbsp;&nbsp; 5533308 |
| HTAP Issuer Trust<sup>(a)</sup>  | HTAP Issuer Trust<sup>(a)</sup>  | HTAP Issuer Trust<sup>(a)</sup>  | HTAP Issuer Trust<sup>(a)</sup>  |
| CMO Series 2025-1 Class A | CMO Series 2025-1 Class A | CMO Series 2025-1 Class A | CMO Series 2025-1 Class A |
| 11/25/2042 | &nbsp;&nbsp; 6.500% | 3875292 | &nbsp;&nbsp; 3903127 |
| LHOME Mortgage Trust<sup>(a),(j)</sup>  | LHOME Mortgage Trust<sup>(a),(j)</sup>  | LHOME Mortgage Trust<sup>(a),(j)</sup>  | LHOME Mortgage Trust<sup>(a),(j)</sup>  |
| CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 | CMO Series 2024-RTL1 Class A1 |
| 01/25/2029 | &nbsp;&nbsp; 7.017% | 14150000 | &nbsp;&nbsp; 14179309 |
| CMO Series 2024-RTL2 Class A1 | CMO Series 2024-RTL2 Class A1 | CMO Series 2024-RTL2 Class A1 | CMO Series 2024-RTL2 Class A1 |
| 03/25/2029 | &nbsp;&nbsp; 7.128% | 8000000 | &nbsp;&nbsp; 8031891 |
| MFA Trust<sup>(j)</sup>  | MFA Trust<sup>(j)</sup>  | MFA Trust<sup>(j)</sup>  | MFA Trust<sup>(j)</sup>  |
| CMO Series 2024-NPL1 Class A1 | CMO Series 2024-NPL1 Class A1 | CMO Series 2024-NPL1 Class A1 | CMO Series 2024-NPL1 Class A1 |
| 09/25/2054 | &nbsp;&nbsp; 6.330% | 24480590 | &nbsp;&nbsp; 24655972 |
| OBX Trust<sup>(a),(j)</sup>  | OBX Trust<sup>(a),(j)</sup>  | OBX Trust<sup>(a),(j)</sup>  | OBX Trust<sup>(a),(j)</sup>  |
| CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 | CMO Series 2024-NQM3 Class A1 |
| 12/25/2063 | &nbsp;&nbsp; 6.129% | 7073426 | &nbsp;&nbsp; 7132863 |
| OSAT Trust<sup>(a),(j)</sup>  | OSAT Trust<sup>(a),(j)</sup>  | OSAT Trust<sup>(a),(j)</sup>  | OSAT Trust<sup>(a),(j)</sup>  |
| CMO Series 2021-RPL1 Class A2 | CMO Series 2021-RPL1 Class A2 | CMO Series 2021-RPL1 Class A2 | CMO Series 2021-RPL1 Class A2 |
| 05/25/2065 | &nbsp;&nbsp; 7.967% | 7610856 | &nbsp;&nbsp; 7762895 |
| Preston Ridge Partners Mortgage Trust<sup>(a),(j)</sup>  | Preston Ridge Partners Mortgage Trust<sup>(a),(j)</sup>  | Preston Ridge Partners Mortgage Trust<sup>(a),(j)</sup>  | Preston Ridge Partners Mortgage Trust<sup>(a),(j)</sup>  |
| CMO Series 2023-RCF1 Class M1 | CMO Series 2023-RCF1 Class M1 | CMO Series 2023-RCF1 Class M1 | CMO Series 2023-RCF1 Class M1 |
| 06/25/2053 | &nbsp;&nbsp; 4.000% | 11431000 | &nbsp;&nbsp; 11216558 |
| PRKCM Trust<sup>(a),(r)</sup>  | PRKCM Trust<sup>(a),(r)</sup>  | PRKCM Trust<sup>(a),(r)</sup>  | PRKCM Trust<sup>(a),(r)</sup>  |
| CMO Series 2022-AFC1 Class A3 | CMO Series 2022-AFC1 Class A3 | CMO Series 2022-AFC1 Class A3 | CMO Series 2022-AFC1 Class A3 |
| 04/25/2057 | &nbsp;&nbsp; 4.100% | 11924140 | &nbsp;&nbsp; 11556344 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** | **Residential Mortgage-Backed Securities - Non-Agency (continued)** |
| **Issuer** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| PRPM LLC<sup>(a),(j)</sup>  | PRPM LLC<sup>(a),(j)</sup>  | PRPM LLC<sup>(a),(j)</sup>  | PRPM LLC<sup>(a),(j)</sup>  |
| CMO Series 2024-7 Class A1 | CMO Series 2024-7 Class A1 | CMO Series 2024-7 Class A1 | CMO Series 2024-7 Class A1 |
| 11/25/2029 | &nbsp;&nbsp; 5.870% | 14803809 | &nbsp;&nbsp; 14814998 |
| CMO Series 2024-8 Class A1 | CMO Series 2024-8 Class A1 | CMO Series 2024-8 Class A1 | CMO Series 2024-8 Class A1 |
| 12/25/2029 | &nbsp;&nbsp; 5.897% | 8534033 | &nbsp;&nbsp; 8538073 |
| CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 | CMO Series 2025-2 Class A1 |
| 05/25/2030 | &nbsp;&nbsp; 6.469% | 12161932 | &nbsp;&nbsp; 12142760 |
| PRPM Trust<sup>(a),(r)</sup>  | PRPM Trust<sup>(a),(r)</sup>  | PRPM Trust<sup>(a),(r)</sup>  | PRPM Trust<sup>(a),(r)</sup>  |
| CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 | CMO Series 2025-NQM6 Class A1 |
| 10/25/2070 | &nbsp;&nbsp; 4.986% | 30387921 | &nbsp;&nbsp; 30539936 |
| Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  | Radnor Re Ltd.<sup>(a),(b)</sup>  |
| CMO Series 2021-1 Class M2 | CMO Series 2021-1 Class M2 | CMO Series 2021-1 Class M2 | CMO Series 2021-1 Class M2 |
| 30-day Average SOFR + <br> 3.150% <br>12/27/2033<br>| &nbsp;&nbsp; 6.817% | 9265139 | &nbsp;&nbsp; 9299848 |
| CMO Series 2024-1 Class M1B | CMO Series 2024-1 Class M1B | CMO Series 2024-1 Class M1B | CMO Series 2024-1 Class M1B |
| 30-day Average SOFR + <br> 2.900% <br>Floor 2.900% <br>09/25/2034<br>| &nbsp;&nbsp; 6.567% | 5389413 | &nbsp;&nbsp; 5419726 |
| RCO X Mortgage LLC<sup>(a),(j)</sup>  | RCO X Mortgage LLC<sup>(a),(j)</sup>  | RCO X Mortgage LLC<sup>(a),(j)</sup>  | RCO X Mortgage LLC<sup>(a),(j)</sup>  |
| CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 | CMO Series 2025-1 Class A1 |
| 01/25/2030 | &nbsp;&nbsp; 5.875% | 15133732 | &nbsp;&nbsp; 15137667 |
| SAIF Securitization Trust<sup>(a),(j)</sup>  | SAIF Securitization Trust<sup>(a),(j)</sup>  | SAIF Securitization Trust<sup>(a),(j)</sup>  | SAIF Securitization Trust<sup>(a),(j)</sup>  |
| CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 | CMO Series 2025-CES1 Class A1 |
| 06/25/2065 | &nbsp;&nbsp; 5.406% | 15788110 | &nbsp;&nbsp; 15957890 |
| Toorak Mortgage Trust<sup>(a),(j)</sup>  | Toorak Mortgage Trust<sup>(a),(j)</sup>  | Toorak Mortgage Trust<sup>(a),(j)</sup>  | Toorak Mortgage Trust<sup>(a),(j)</sup>  |
| CMO Series 2024-RRTL2 Class A1 | CMO Series 2024-RRTL2 Class A1 | CMO Series 2024-RRTL2 Class A1 | CMO Series 2024-RRTL2 Class A1 |
| 09/25/2039 | &nbsp;&nbsp; 5.504% | 19650000 | &nbsp;&nbsp; 19679648 |
| Triangle Re Ltd.<sup>(a),(b)</sup>  | Triangle Re Ltd.<sup>(a),(b)</sup>  | Triangle Re Ltd.<sup>(a),(b)</sup>  | Triangle Re Ltd.<sup>(a),(b)</sup>  |
| CMO Series 2021-2 Class M2 | CMO Series 2021-2 Class M2 | CMO Series 2021-2 Class M2 | CMO Series 2021-2 Class M2 |
| 1-month Term SOFR + 5.614% <br>10/25/2033<br>| &nbsp;&nbsp; 9.288% | 6620298 | &nbsp;&nbsp; 6696595 |
| Unlock HEA Trust<sup>(a)</sup>  | Unlock HEA Trust<sup>(a)</sup>  | Unlock HEA Trust<sup>(a)</sup>  | Unlock HEA Trust<sup>(a)</sup>  |
| CMO Series 2023-1 Class A | CMO Series 2023-1 Class A | CMO Series 2023-1 Class A | CMO Series 2023-1 Class A |
| 10/25/2038 | &nbsp;&nbsp; 7.000% | 11421309 | &nbsp;&nbsp; 11432030 |
| VCAT LLC<sup>(a),(j)</sup>  | VCAT LLC<sup>(a),(j)</sup>  | VCAT LLC<sup>(a),(j)</sup>  | VCAT LLC<sup>(a),(j)</sup>  |
| CMO Series 2026-NPL1 Class A1 | CMO Series 2026-NPL1 Class A1 | CMO Series 2026-NPL1 Class A1 | CMO Series 2026-NPL1 Class A1 |
| 01/25/2056 | &nbsp;&nbsp; 5.101% | 12301219 | &nbsp;&nbsp; 12266953 |
| Vericrest Opportunity Loan Transferee<sup>(a),(j)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(j)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(j)</sup>  | Vericrest Opportunity Loan Transferee<sup>(a),(j)</sup>  |
| CMO Series 2021-NPL4 Class A1 | CMO Series 2021-NPL4 Class A1 | CMO Series 2021-NPL4 Class A1 | CMO Series 2021-NPL4 Class A1 |
| 03/27/2051 | &nbsp;&nbsp; 6.240% | 515006 | &nbsp;&nbsp; 515134 |
| Visio Trust<sup>(a),(r)</sup>  | Visio Trust<sup>(a),(r)</sup>  | Visio Trust<sup>(a),(r)</sup>  | Visio Trust<sup>(a),(r)</sup>  |
| CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 | CMO Series 2019-2 Class M1 |
| 11/25/2054 | &nbsp;&nbsp; 3.260% | 4200000 | &nbsp;&nbsp; 4151375 |
| Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 | Subordinated CMO Series 2019-2 Class B1 |
| 11/25/2054 | &nbsp;&nbsp; 3.910% | 3600000 | &nbsp;&nbsp; 3564195 |
| Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $388,517,588) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $388,517,588) | Total Residential Mortgage-Backed Securities - Non-Agency <br>(Cost $388,517,588) | &nbsp;&nbsp; **396808903** |

---

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

---

| | | |
|:---|:---|:---|
| **Rights 0.0%** | **Rights 0.0%** | **Rights 0.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** |
| **Entertainment 0.0%** | **Entertainment 0.0%** | **Entertainment 0.0%** |
| Cineworld Group PLC<sup>(f)</sup> <br>| &nbsp;&nbsp; 31901 | &nbsp;&nbsp; 529552 |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Altice Luxembourg France SA, CVR<sup>(a),(c),(f),(g),(p)</sup> <br>| &nbsp;&nbsp; 3038 | &nbsp;&nbsp; 47567 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **577119** |
| Total Rights <br>(Cost $391,497) | Total Rights <br>(Cost $391,497) | &nbsp;&nbsp; **577119** |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans 10.5%** | **Senior Loans 10.5%** | **Senior Loans 10.5%** | **Senior Loans 10.5%** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** | **Aerospace & Defense 0.1%** |
| Bleriot US Bidco, Inc.<sup>(b),(s)</sup>  | Bleriot US Bidco, Inc.<sup>(b),(s)</sup>  | Bleriot US Bidco, Inc.<sup>(b),(s)</sup>  | Bleriot US Bidco, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.500% <br>10/31/2030<br>| &nbsp;&nbsp; 6.172% | 740625 | &nbsp;&nbsp; 740358 |
| Goat Holdco LLC<sup>(b),(s)</sup>  | Goat Holdco LLC<sup>(b),(s)</sup>  | Goat Holdco LLC<sup>(b),(s)</sup>  | Goat Holdco LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.500% <br>01/27/2032<br>| &nbsp;&nbsp; 6.173% | 1697476 | &nbsp;&nbsp; 1690754 |
| Karman Holdings, Inc.<sup>(b),(s)</sup>  | Karman Holdings, Inc.<sup>(b),(s)</sup>  | Karman Holdings, Inc.<sup>(b),(s)</sup>  | Karman Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>04/01/2032<br>| &nbsp;&nbsp; 6.423% | 1260416 | &nbsp;&nbsp; 1261992 |
| TransDigm, Inc.<sup>(b),(s)</sup>  | TransDigm, Inc.<sup>(b),(s)</sup>  | TransDigm, Inc.<sup>(b),(s)</sup>  | TransDigm, Inc.<sup>(b),(s)</sup>  |
| Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan | Tranche J Term Loan |
| 1-month Term SOFR + 2.500% <br>02/28/2031<br>| &nbsp;&nbsp; 6.173% | 3964624 | &nbsp;&nbsp; 3963633 |
| Tranche M Term Loan | Tranche M Term Loan | Tranche M Term Loan | Tranche M Term Loan |
| 1-month Term SOFR + 2.500% <br>08/19/2032<br>| &nbsp;&nbsp; 6.173% | 159979 | &nbsp;&nbsp; 159886 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7816623** |
| **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** |
| AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(s)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(s)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(s)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.250% <br>04/20/2028<br>| &nbsp;&nbsp; 5.918% | 2305933 | &nbsp;&nbsp; 2300974 |
| AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(s),(t)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(s),(t)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(s),(t)</sup>  | AAdvantage Loyalty IP Ltd./American Airlines, Inc.<sup>(b),(s),(t)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>05/28/2032<br>| &nbsp;&nbsp; 6.418% | 814897 | &nbsp;&nbsp; 814645 |
| American Airlines, Inc.<sup>(b),(s)</sup>  | American Airlines, Inc.<sup>(b),(s)</sup>  | American Airlines, Inc.<sup>(b),(s)</sup>  | American Airlines, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.250% <br>06/04/2029<br>| &nbsp;&nbsp; 6.258% | 1482679 | &nbsp;&nbsp; 1479906 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4595525** |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Automotive 0.1%** | **Automotive 0.1%** | **Automotive 0.1%** | **Automotive 0.1%** |
| American Axle & Manufacturing, Inc.<sup>(b),(s)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(s)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(s)</sup>  | American Axle & Manufacturing, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/13/2029<br>| &nbsp;&nbsp; 6.660% | 793574 | &nbsp;&nbsp; 791590 |
| Clarios Global LP<sup>(b),(s)</sup>  | Clarios Global LP<sup>(b),(s)</sup>  | Clarios Global LP<sup>(b),(s)</sup>  | Clarios Global LP<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.500% <br>05/06/2030<br>| &nbsp;&nbsp; 6.173% | 2110065 | &nbsp;&nbsp; 2102153 |
| 1-month Term SOFR + 2.750% <br>01/28/2032<br>| &nbsp;&nbsp; 6.423% | 1343813 | &nbsp;&nbsp; 1339338 |
| First Brands Group LLC<sup>(e),(s)</sup>  | First Brands Group LLC<sup>(e),(s)</sup>  | First Brands Group LLC<sup>(e),(s)</sup>  | First Brands Group LLC<sup>(e),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 03/30/2027 | &nbsp;&nbsp; 10.786% | 827740 | &nbsp;&nbsp; 1796 |
| 03/30/2027 | &nbsp;&nbsp; 10.786% | 986883 | &nbsp;&nbsp; 2142 |
| First Brands Group LLC<sup>(b),(s),(u)</sup>  | First Brands Group LLC<sup>(b),(s),(u)</sup>  | First Brands Group LLC<sup>(b),(s),(u)</sup>  | First Brands Group LLC<sup>(b),(s),(u)</sup>  |
| Debtor in Possession Term Loan | Debtor in Possession Term Loan | Debtor in Possession Term Loan | Debtor in Possession Term Loan |
| 1-month Term SOFR + 10.000% <br>06/29/2026<br>| &nbsp;&nbsp; 13.671% | 726560 | &nbsp;&nbsp; 133505 |
| First Brands Group LLC<sup>(b),(s)</sup>  | First Brands Group LLC<sup>(b),(s)</sup>  | First Brands Group LLC<sup>(b),(s)</sup>  | First Brands Group LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 7.000% <br>06/29/2026<br>| &nbsp;&nbsp; 10.671% | 2081144 | &nbsp;&nbsp; 4162 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **4374686** |
| **Brokerage/Asset Managers/Exchanges 0.4%** | **Brokerage/Asset Managers/Exchanges 0.4%** | **Brokerage/Asset Managers/Exchanges 0.4%** | **Brokerage/Asset Managers/Exchanges 0.4%** |
| Aretec Group, Inc.<sup>(b),(s)</sup>  | Aretec Group, Inc.<sup>(b),(s)</sup>  | Aretec Group, Inc.<sup>(b),(s)</sup>  | Aretec Group, Inc.<sup>(b),(s)</sup>  |
| Tranche B4 1st Lien Term Loan | Tranche B4 1st Lien Term Loan | Tranche B4 1st Lien Term Loan | Tranche B4 1st Lien Term Loan |
| 1-month Term SOFR + 3.000% <br>08/09/2030<br>| &nbsp;&nbsp; 6.673% | 2199520 | &nbsp;&nbsp; 2120096 |
| Chicago US Midco III LP<sup>(b),(s),(t),(v)</sup>  | Chicago US Midco III LP<sup>(b),(s),(t),(v)</sup>  | Chicago US Midco III LP<sup>(b),(s),(t),(v)</sup>  | Chicago US Midco III LP<sup>(b),(s),(t),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 1.250% <br>11/01/2032<br>| &nbsp;&nbsp; 1.250% | 172477 | &nbsp;&nbsp; 169889 |
| Chicago US Midco III LP<sup>(b),(s)</sup>  | Chicago US Midco III LP<sup>(b),(s)</sup>  | Chicago US Midco III LP<sup>(b),(s)</sup>  | Chicago US Midco III LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>11/01/2032<br>| &nbsp;&nbsp; 6.173% | 1161343 | &nbsp;&nbsp; 1143923 |
| DRW Holdings LLC<sup>(b),(s)</sup>  | DRW Holdings LLC<sup>(b),(s)</sup>  | DRW Holdings LLC<sup>(b),(s)</sup>  | DRW Holdings LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.500% <br>06/26/2031<br>| &nbsp;&nbsp; 7.173% | 792000 | &nbsp;&nbsp; 776160 |
| Focus Financial Partners LLC<sup>(b),(s)</sup>  | Focus Financial Partners LLC<sup>(b),(s)</sup>  | Focus Financial Partners LLC<sup>(b),(s)</sup>  | Focus Financial Partners LLC<sup>(b),(s)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 1-month Term SOFR + 2.500% <br>09/15/2031<br>| &nbsp;&nbsp; 6.173% | 2380217 | &nbsp;&nbsp; 2240379 |
| GIH Borrower LLC<sup>(b),(s)</sup>  | GIH Borrower LLC<sup>(b),(s)</sup>  | GIH Borrower LLC<sup>(b),(s)</sup>  | GIH Borrower LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.500% <br>11/26/2031<br>| &nbsp;&nbsp; 6.172% | 1732500 | &nbsp;&nbsp; 1721672 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GTCR Everest Borrower LLC<sup>(b),(s)</sup>  | GTCR Everest Borrower LLC<sup>(b),(s)</sup>  | GTCR Everest Borrower LLC<sup>(b),(s)</sup>  | GTCR Everest Borrower LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.500% <br>09/05/2031<br>| &nbsp;&nbsp; 6.160% | 2475063 | &nbsp;&nbsp; 2425041 |
| HighTower Holding LLC<sup>(b),(s)</sup>  | HighTower Holding LLC<sup>(b),(s)</sup>  | HighTower Holding LLC<sup>(b),(s)</sup>  | HighTower Holding LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>02/03/2032<br>| &nbsp;&nbsp; 6.413% | 1381384 | &nbsp;&nbsp; 1359807 |
| Jefferies Finance LLC<sup>(b),(s)</sup>  | Jefferies Finance LLC<sup>(b),(s)</sup>  | Jefferies Finance LLC<sup>(b),(s)</sup>  | Jefferies Finance LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>10/21/2031<br>| &nbsp;&nbsp; 6.410% | 2092006 | &nbsp;&nbsp; 2034476 |
| June Purchaser LLC<sup>(b),(s),(t),(v)</sup>  | June Purchaser LLC<sup>(b),(s),(t),(v)</sup>  | June Purchaser LLC<sup>(b),(s),(t),(v)</sup>  | June Purchaser LLC<sup>(b),(s),(t),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 2.750% <br>11/28/2031<br>| &nbsp;&nbsp; 2.750% | 179947 | &nbsp;&nbsp; 178448 |
| June Purchaser LLC<sup>(b),(s)</sup>  | June Purchaser LLC<sup>(b),(s)</sup>  | June Purchaser LLC<sup>(b),(s)</sup>  | June Purchaser LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>11/28/2031<br>| &nbsp;&nbsp; 6.422% | 1071587 | &nbsp;&nbsp; 1062660 |
| Osaic Holdings, Inc.<sup>(b),(s)</sup>  | Osaic Holdings, Inc.<sup>(b),(s)</sup>  | Osaic Holdings, Inc.<sup>(b),(s)</sup>  | Osaic Holdings, Inc.<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 2.500% <br>07/30/2032<br>| &nbsp;&nbsp; 6.164% | 3003087 | &nbsp;&nbsp; 2902664 |
| PEX Holdings LLC<sup>(b),(c),(s)</sup>  | PEX Holdings LLC<sup>(b),(c),(s)</sup>  | PEX Holdings LLC<sup>(b),(c),(s)</sup>  | PEX Holdings LLC<sup>(b),(c),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>11/26/2031<br>| &nbsp;&nbsp; 6.422% | 3428081 | &nbsp;&nbsp; 3333809 |
| VFH Parent LLC<sup>(b),(s)</sup>  | VFH Parent LLC<sup>(b),(s)</sup>  | VFH Parent LLC<sup>(b),(s)</sup>  | VFH Parent LLC<sup>(b),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 1-month Term SOFR + 2.500% <br>06/21/2031<br>| &nbsp;&nbsp; 6.173% | 1639704 | &nbsp;&nbsp; 1634244 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **23103268** |
| **Building Materials 0.4%** | **Building Materials 0.4%** | **Building Materials 0.4%** | **Building Materials 0.4%** |
| Cornerstone Building Brands, Inc.<sup>(b),(s)</sup>  | Cornerstone Building Brands, Inc.<sup>(b),(s)</sup>  | Cornerstone Building Brands, Inc.<sup>(b),(s)</sup>  | Cornerstone Building Brands, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>04/12/2028<br>| &nbsp;&nbsp; 7.010% | 1353234 | &nbsp;&nbsp; 988348 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 1-month Term SOFR + 4.500% <br>Floor 0.500% <br>05/15/2031<br>| &nbsp;&nbsp; 8.160% | 276670 | &nbsp;&nbsp; 178107 |
| Covia Holdings LLC<sup>(b),(s)</sup>  | Covia Holdings LLC<sup>(b),(s)</sup>  | Covia Holdings LLC<sup>(b),(s)</sup>  | Covia Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>02/26/2032<br>| &nbsp;&nbsp; 6.402% | 1805925 | &nbsp;&nbsp; 1802169 |
| DG Investment Intermediate Holdings 2, Inc.<sup>(b),(s)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(s)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(s)</sup>  | DG Investment Intermediate Holdings 2, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.250% <br>07/09/2032<br>| &nbsp;&nbsp; 6.923% | 1143273 | &nbsp;&nbsp; 1141136 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Green Infrastructure Partners, Inc.<sup>(b),(s)</sup>  | Green Infrastructure Partners, Inc.<sup>(b),(s)</sup>  | Green Infrastructure Partners, Inc.<sup>(b),(s)</sup>  | Green Infrastructure Partners, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>09/24/2032<br>| &nbsp;&nbsp; 6.422% | 1868927 | &nbsp;&nbsp; 1865432 |
| Johnstone Supply LLC<sup>(b),(s)</sup>  | Johnstone Supply LLC<sup>(b),(s)</sup>  | Johnstone Supply LLC<sup>(b),(s)</sup>  | Johnstone Supply LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>06/09/2031<br>| &nbsp;&nbsp; 5.921% | 3351386 | &nbsp;&nbsp; 3336304 |
| Kodiak BP LLC<sup>(b),(s)</sup>  | Kodiak BP LLC<sup>(b),(s)</sup>  | Kodiak BP LLC<sup>(b),(s)</sup>  | Kodiak BP LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.750% <br>12/04/2031<br>| &nbsp;&nbsp; 7.423% | 2297846 | &nbsp;&nbsp; 2295617 |
| LBM Acquisition LLC<sup>(b),(s)</sup>  | LBM Acquisition LLC<sup>(b),(s)</sup>  | LBM Acquisition LLC<sup>(b),(s)</sup>  | LBM Acquisition LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.750% <br>Floor 0.750% <br>06/06/2031<br>| &nbsp;&nbsp; 7.527% | 1824591 | &nbsp;&nbsp; 1501638 |
| 1-month Term SOFR + 5.000% <br>06/06/2031<br>| &nbsp;&nbsp; 8.677% | 573567 | &nbsp;&nbsp; 494942 |
| Madison Safety & Flow LLC<sup>(b),(s)</sup>  | Madison Safety & Flow LLC<sup>(b),(s)</sup>  | Madison Safety & Flow LLC<sup>(b),(s)</sup>  | Madison Safety & Flow LLC<sup>(b),(s)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 1-month Term SOFR + 2.500% <br>09/26/2031<br>| &nbsp;&nbsp; 6.173% | 1332898 | &nbsp;&nbsp; 1331565 |
| MI Windows and Doors LLC<sup>(b),(s)</sup>  | MI Windows and Doors LLC<sup>(b),(s)</sup>  | MI Windows and Doors LLC<sup>(b),(s)</sup>  | MI Windows and Doors LLC<sup>(b),(s)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| 1-month Term SOFR + 2.750% <br>03/28/2031<br>| &nbsp;&nbsp; 6.423% | 744370 | &nbsp;&nbsp; 738229 |
| Park River Holdings, Inc.<sup>(b),(s)</sup>  | Park River Holdings, Inc.<sup>(b),(s)</sup>  | Park River Holdings, Inc.<sup>(b),(s)</sup>  | Park River Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.500% <br>03/15/2031<br>| &nbsp;&nbsp; 8.161% | 695218 | &nbsp;&nbsp; 691186 |
| Quikrete Holdings, Inc.<sup>(b),(s)</sup>  | Quikrete Holdings, Inc.<sup>(b),(s)</sup>  | Quikrete Holdings, Inc.<sup>(b),(s)</sup>  | Quikrete Holdings, Inc.<sup>(b),(s)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| 1-month Term SOFR + 2.250% <br>04/14/2031<br>| &nbsp;&nbsp; 5.923% | 2370272 | &nbsp;&nbsp; 2367617 |
| Tranche B2 1st Lien Term Loan | Tranche B2 1st Lien Term Loan | Tranche B2 1st Lien Term Loan | Tranche B2 1st Lien Term Loan |
| 1-month Term SOFR + 2.250% <br>03/19/2029<br>| &nbsp;&nbsp; 5.923% | 248734 | &nbsp;&nbsp; 248605 |
| Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan | Tranche B3 1st Lien Term Loan |
| 1-month Term SOFR + 2.250% <br>02/10/2032<br>| &nbsp;&nbsp; 5.923% | 760755 | &nbsp;&nbsp; 759979 |
| Smyrna Ready Mix Concrete LLC<sup>(b),(s)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(s)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(s)</sup>  | Smyrna Ready Mix Concrete LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>04/02/2029<br>| &nbsp;&nbsp; 6.673% | 1373218 | &nbsp;&nbsp; 1374358 |
| Specialty Building Products Holdings LLC<sup>(b),(s)</sup>  | Specialty Building Products Holdings LLC<sup>(b),(s)</sup>  | Specialty Building Products Holdings LLC<sup>(b),(s)</sup>  | Specialty Building Products Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.750% <br>Floor 0.500% <br>10/16/2028<br>| &nbsp;&nbsp; 7.523% | 768738 | &nbsp;&nbsp; 704249 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Standard Building Solutions, Inc.<sup>(b),(s)</sup>  | Standard Building Solutions, Inc.<sup>(b),(s)</sup>  | Standard Building Solutions, Inc.<sup>(b),(s)</sup>  | Standard Building Solutions, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>Floor 0.500% <br>09/22/2028<br>| &nbsp;&nbsp; 5.427% | 643126 | &nbsp;&nbsp; 644077 |
| White Cap Supply Holdings LLC<sup>(b),(s)</sup>  | White Cap Supply Holdings LLC<sup>(b),(s)</sup>  | White Cap Supply Holdings LLC<sup>(b),(s)</sup>  | White Cap Supply Holdings LLC<sup>(b),(s)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 1-month Term SOFR + 3.250% <br>10/19/2029<br>| &nbsp;&nbsp; 6.923% | 3802888 | &nbsp;&nbsp; 3754553 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **26218111** |
| **Cable and Satellite 0.1%** | **Cable and Satellite 0.1%** | **Cable and Satellite 0.1%** | **Cable and Satellite 0.1%** |
| Iridium Communications, Inc.<sup>(b),(s)</sup>  | Iridium Communications, Inc.<sup>(b),(s)</sup>  | Iridium Communications, Inc.<sup>(b),(s)</sup>  | Iridium Communications, Inc.<sup>(b),(s)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| 1-month Term SOFR + 2.250% <br>Floor 0.750% <br>09/20/2030<br>| &nbsp;&nbsp; 5.923% | 1889413 | &nbsp;&nbsp; 1815896 |
| Sunrise Financing Partnership<sup>(b),(s)</sup>  | Sunrise Financing Partnership<sup>(b),(s)</sup>  | Sunrise Financing Partnership<sup>(b),(s)</sup>  | Sunrise Financing Partnership<sup>(b),(s)</sup>  |
| Tranche AAA Term Loan | Tranche AAA Term Loan | Tranche AAA Term Loan | Tranche AAA Term Loan |
| 6-month Term SOFR + 2.500% <br>02/15/2032<br>| &nbsp;&nbsp; 6.129% | 2529049 | &nbsp;&nbsp; 2501660 |
| Telesat Canada<sup>(b),(s)</sup>  | Telesat Canada<sup>(b),(s)</sup>  | Telesat Canada<sup>(b),(s)</sup>  | Telesat Canada<sup>(b),(s)</sup>  |
| Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan |
| 3-month Term SOFR + 2.750% <br>12/07/2026<br>| &nbsp;&nbsp; 6.684% | 3429765 | &nbsp;&nbsp; 2689930 |
| Virgin Media Bristol LLC<sup>(b),(s)</sup>  | Virgin Media Bristol LLC<sup>(b),(s)</sup>  | Virgin Media Bristol LLC<sup>(b),(s)</sup>  | Virgin Media Bristol LLC<sup>(b),(s)</sup>  |
| Tranche Q Term Loan | Tranche Q Term Loan | Tranche Q Term Loan | Tranche Q Term Loan |
| 1-month Term SOFR + 3.250% <br>01/31/2029<br>| &nbsp;&nbsp; 7.024% | 1000000 | &nbsp;&nbsp; 969250 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **7976736** |
| **Chemicals 0.8%** | **Chemicals 0.8%** | **Chemicals 0.8%** | **Chemicals 0.8%** |
| A-AP Buyer, Inc.<sup>(b),(c),(s)</sup>  | A-AP Buyer, Inc.<sup>(b),(c),(s)</sup>  | A-AP Buyer, Inc.<sup>(b),(c),(s)</sup>  | A-AP Buyer, Inc.<sup>(b),(c),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>09/09/2031<br>| &nbsp;&nbsp; 6.417% | 1442228 | &nbsp;&nbsp; 1438623 |
| Chemours Co. (The)<sup>(b),(s)</sup>  | Chemours Co. (The)<sup>(b),(s)</sup>  | Chemours Co. (The)<sup>(b),(s)</sup>  | Chemours Co. (The)<sup>(b),(s)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| 1-month Term SOFR + 3.500% <br>10/15/2032<br>| &nbsp;&nbsp; 7.173% | 2386388 | &nbsp;&nbsp; 2378035 |
| Ineos Quattro Holdings UK Ltd.<sup>(b),(s)</sup>  | Ineos Quattro Holdings UK Ltd.<sup>(b),(s)</sup>  | Ineos Quattro Holdings UK Ltd.<sup>(b),(s)</sup>  | Ineos Quattro Holdings UK Ltd.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 4.250% <br>04/02/2029<br>| &nbsp;&nbsp; 8.023% | 14003783 | &nbsp;&nbsp; 11331441 |
| Ineos US Finance LLC<sup>(b),(s)</sup>  | Ineos US Finance LLC<sup>(b),(s)</sup>  | Ineos US Finance LLC<sup>(b),(s)</sup>  | Ineos US Finance LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.250% <br>02/19/2030<br>| &nbsp;&nbsp; 6.923% | 14236088 | &nbsp;&nbsp; 11922724 |
| 1-month Term SOFR + 3.000% <br>02/07/2031<br>| &nbsp;&nbsp; 6.673% | 1931170 | &nbsp;&nbsp; 1631839 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Innophos Holdings, Inc.<sup>(b),(s)</sup>  | Innophos Holdings, Inc.<sup>(b),(s)</sup>  | Innophos Holdings, Inc.<sup>(b),(s)</sup>  | Innophos Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.250% <br>03/16/2029<br>| &nbsp;&nbsp; 8.037% | 2615005 | &nbsp;&nbsp; 2522173 |
| Lummus Technology Holdings V LLC<sup>(b),(s)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(s)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(s)</sup>  | Lummus Technology Holdings V LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.500% <br>12/31/2029<br>| &nbsp;&nbsp; 6.173% | 3470453 | &nbsp;&nbsp; 3468510 |
| Nouryon Finance BV<sup>(b),(s)</sup>  | Nouryon Finance BV<sup>(b),(s)</sup>  | Nouryon Finance BV<sup>(b),(s)</sup>  | Nouryon Finance BV<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 6-month Term SOFR + 3.250% <br>04/03/2028<br>| &nbsp;&nbsp; 7.036% | 1130681 | &nbsp;&nbsp; 1129268 |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 3-month Term SOFR + 3.250% <br>04/03/2028<br>| &nbsp;&nbsp; 6.917% | 1108745 | &nbsp;&nbsp; 1100429 |
| Olympus Water US Holding<sup>(b),(s)</sup>  | Olympus Water US Holding<sup>(b),(s)</sup>  | Olympus Water US Holding<sup>(b),(s)</sup>  | Olympus Water US Holding<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.250% <br>11/03/2032<br>| &nbsp;&nbsp; 6.922% | 253734 | &nbsp;&nbsp; 249187 |
| Olympus Water US Holding Corp.<sup>(b),(s)</sup>  | Olympus Water US Holding Corp.<sup>(b),(s)</sup>  | Olympus Water US Holding Corp.<sup>(b),(s)</sup>  | Olympus Water US Holding Corp.<sup>(b),(s)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| 3-month Term SOFR + 3.000% <br>06/20/2031<br>| &nbsp;&nbsp; 6.672% | 3045368 | &nbsp;&nbsp; 2982572 |
| Qnity Electronics, Inc.<sup>(b),(s)</sup>  | Qnity Electronics, Inc.<sup>(b),(s)</sup>  | Qnity Electronics, Inc.<sup>(b),(s)</sup>  | Qnity Electronics, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 6-month Term SOFR + 2.000% <br>11/01/2032<br>| &nbsp;&nbsp; 5.698% | 300000 | &nbsp;&nbsp; 300843 |
| Rockpoint Gas Storage Partners LP<sup>(b),(s)</sup>  | Rockpoint Gas Storage Partners LP<sup>(b),(s)</sup>  | Rockpoint Gas Storage Partners LP<sup>(b),(s)</sup>  | Rockpoint Gas Storage Partners LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.500% <br>09/18/2031<br>| &nbsp;&nbsp; 6.172% | 2083547 | &nbsp;&nbsp; 2085381 |
| Tronox Finance LLC<sup>(b),(s)</sup>  | Tronox Finance LLC<sup>(b),(s)</sup>  | Tronox Finance LLC<sup>(b),(s)</sup>  | Tronox Finance LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.500% <br>09/30/2031<br>| &nbsp;&nbsp; 6.172% | 993741 | &nbsp;&nbsp; 772633 |
| USALCO LLC<sup>(b),(s),(t),(v)</sup>  | USALCO LLC<sup>(b),(s),(t),(v)</sup>  | USALCO LLC<sup>(b),(s),(t),(v)</sup>  | USALCO LLC<sup>(b),(s),(t),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 1.000% <br>09/30/2031<br>| &nbsp;&nbsp; 7.173% | 273230 | &nbsp;&nbsp; 273229 |
| USALCO LLC<sup>(b),(s)</sup>  | USALCO LLC<sup>(b),(s)</sup>  | USALCO LLC<sup>(b),(s)</sup>  | USALCO LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.500% <br>09/30/2031<br>| &nbsp;&nbsp; 7.173% | 2625480 | &nbsp;&nbsp; 2625479 |
| W. R. Grace Holdings LLC<sup>(b),(s)</sup>  | W. R. Grace Holdings LLC<sup>(b),(s)</sup>  | W. R. Grace Holdings LLC<sup>(b),(s)</sup>  | W. R. Grace Holdings LLC<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 3.000% <br>08/19/2032<br>| &nbsp;&nbsp; 6.672% | 756007 | &nbsp;&nbsp; 754745 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Windsor Holdings III LLC<sup>(b),(s)</sup>  | Windsor Holdings III LLC<sup>(b),(s)</sup>  | Windsor Holdings III LLC<sup>(b),(s)</sup>  | Windsor Holdings III LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.750% <br>08/01/2030<br>| &nbsp;&nbsp; 6.423% | 3003182 | &nbsp;&nbsp; 2996605 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **49963716** |
| **Construction Machinery 0.0%** | **Construction Machinery 0.0%** | **Construction Machinery 0.0%** | **Construction Machinery 0.0%** |
| Engineered Machinery Holdings, Inc.<sup>(b),(s)</sup>  | Engineered Machinery Holdings, Inc.<sup>(b),(s)</sup>  | Engineered Machinery Holdings, Inc.<sup>(b),(s)</sup>  | Engineered Machinery Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.250% <br>11/26/2032<br>| &nbsp;&nbsp; 6.922% | 545456 | &nbsp;&nbsp; 546820 |
| **Consumer Cyclical Services 0.4%** | **Consumer Cyclical Services 0.4%** | **Consumer Cyclical Services 0.4%** | **Consumer Cyclical Services 0.4%** |
| Allied Universal Holdco LLC<sup>(b),(s)</sup>  | Allied Universal Holdco LLC<sup>(b),(s)</sup>  | Allied Universal Holdco LLC<sup>(b),(s)</sup>  | Allied Universal Holdco LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.250% <br>08/20/2032<br>| &nbsp;&nbsp; 6.923% | 2239582 | &nbsp;&nbsp; 2238193 |
| AmSpec Parent LLC<sup>(b),(s)</sup>  | AmSpec Parent LLC<sup>(b),(s)</sup>  | AmSpec Parent LLC<sup>(b),(s)</sup>  | AmSpec Parent LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>12/22/2031<br>| &nbsp;&nbsp; 7.172% | 995200 | &nbsp;&nbsp; 995827 |
| Arches Buyer, Inc.<sup>(b),(s)</sup>  | Arches Buyer, Inc.<sup>(b),(s)</sup>  | Arches Buyer, Inc.<sup>(b),(s)</sup>  | Arches Buyer, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>12/06/2027<br>| &nbsp;&nbsp; 7.023% | 2898277 | &nbsp;&nbsp; 2884394 |
| Corporation Service Co.<sup>(b),(s)</sup>  | Corporation Service Co.<sup>(b),(s)</sup>  | Corporation Service Co.<sup>(b),(s)</sup>  | Corporation Service Co.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.000% <br>Floor 0.500% <br>11/02/2029<br>| &nbsp;&nbsp; 5.673% | 2159258 | &nbsp;&nbsp; 2130648 |
| Cushman & Wakefield US Borrower LLC<sup>(b),(s)</sup>  | Cushman & Wakefield US Borrower LLC<sup>(b),(s)</sup>  | Cushman & Wakefield US Borrower LLC<sup>(b),(s)</sup>  | Cushman & Wakefield US Borrower LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>01/31/2030<br>| &nbsp;&nbsp; 6.423% | 1657617 | &nbsp;&nbsp; 1659689 |
| Fleet Midco I Ltd.<sup>(b),(c),(s)</sup>  | Fleet Midco I Ltd.<sup>(b),(c),(s)</sup>  | Fleet Midco I Ltd.<sup>(b),(c),(s)</sup>  | Fleet Midco I Ltd.<sup>(b),(c),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 3-month Term SOFR + 2.750% <br>02/21/2031<br>| &nbsp;&nbsp; 6.419% | 2176660 | &nbsp;&nbsp; 2168497 |
| GBT US III LLC<sup>(b),(s)</sup>  | GBT US III LLC<sup>(b),(s)</sup>  | GBT US III LLC<sup>(b),(s)</sup>  | GBT US III LLC<sup>(b),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 3-month Term SOFR + 2.000% <br>07/25/2031<br>| &nbsp;&nbsp; 5.668% | 2228120 | &nbsp;&nbsp; 2125627 |
| OMNIA Partners LLC<sup>(b),(s)</sup>  | OMNIA Partners LLC<sup>(b),(s)</sup>  | OMNIA Partners LLC<sup>(b),(s)</sup>  | OMNIA Partners LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.750% <br>12/31/2032<br>| &nbsp;&nbsp; 6.455% | 2577041 | &nbsp;&nbsp; 2567738 |
| Prime Security Services Borrower LLC<sup>(b),(s)</sup>  | Prime Security Services Borrower LLC<sup>(b),(s)</sup>  | Prime Security Services Borrower LLC<sup>(b),(s)</sup>  | Prime Security Services Borrower LLC<sup>(b),(s)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| 1-month Term SOFR + 2.000% <br>10/13/2030<br>| &nbsp;&nbsp; 5.671% | 1254810 | &nbsp;&nbsp; 1251811 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Raven Acquisition Holdings LLC<sup>(b),(s),(t),(v)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(s),(t),(v)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(s),(t),(v)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(s),(t),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 3.000% <br>11/19/2031<br>| &nbsp;&nbsp; 3.000% | 241482 | &nbsp;&nbsp; 229753 |
| Raven Acquisition Holdings LLC<sup>(b),(s)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(s)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(s)</sup>  | Raven Acquisition Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>11/19/2031<br>| &nbsp;&nbsp; 6.673% | 3355386 | &nbsp;&nbsp; 3192415 |
| Rosen International SARL<sup>(b),(s)</sup>  | Rosen International SARL<sup>(b),(s)</sup>  | Rosen International SARL<sup>(b),(s)</sup>  | Rosen International SARL<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.250% <br>03/26/2031<br>| &nbsp;&nbsp; 5.922% | 3447763 | &nbsp;&nbsp; 3438075 |
| WW International, Inc.<sup>(b),(s)</sup>  | WW International, Inc.<sup>(b),(s)</sup>  | WW International, Inc.<sup>(b),(s)</sup>  | WW International, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 6.800% <br>06/24/2030<br>| &nbsp;&nbsp; 10.489% | 836423 | &nbsp;&nbsp; 710960 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **25593627** |
| **Consumer Products 0.1%** | **Consumer Products 0.1%** | **Consumer Products 0.1%** | **Consumer Products 0.1%** |
| Bombardier Recreational Products, Inc.<sup>(b),(s)</sup>  | Bombardier Recreational Products, Inc.<sup>(b),(s)</sup>  | Bombardier Recreational Products, Inc.<sup>(b),(s)</sup>  | Bombardier Recreational Products, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>Floor 0.500% <br>12/13/2029<br>| &nbsp;&nbsp; 5.923% | 1898661 | &nbsp;&nbsp; 1903882 |
| 1-month Term SOFR + 2.250% <br>01/22/2031<br>| &nbsp;&nbsp; 5.923% | 1218205 | &nbsp;&nbsp; 1218583 |
| Lavender Dutch Borrow BV<sup>(b),(s)</sup>  | Lavender Dutch Borrow BV<sup>(b),(s)</sup>  | Lavender Dutch Borrow BV<sup>(b),(s)</sup>  | Lavender Dutch Borrow BV<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.250% <br>12/30/2032<br>| &nbsp;&nbsp; 6.935% | 1575860 | &nbsp;&nbsp; 1571920 |
| Recess Holdings, Inc.<sup>(b),(s)</sup>  | Recess Holdings, Inc.<sup>(b),(s)</sup>  | Recess Holdings, Inc.<sup>(b),(s)</sup>  | Recess Holdings, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.750% <br>02/20/2030<br>| &nbsp;&nbsp; 7.418% | 1831795 | &nbsp;&nbsp; 1834854 |
| SRAM LLC<sup>(b),(s)</sup>  | SRAM LLC<sup>(b),(s)</sup>  | SRAM LLC<sup>(b),(s)</sup>  | SRAM LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 6-month Term SOFR + 2.250% <br>02/27/2032<br>| &nbsp;&nbsp; 5.927% | 1703714 | &nbsp;&nbsp; 1703714 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **8232953** |
| **Diversified Manufacturing 0.5%** | **Diversified Manufacturing 0.5%** | **Diversified Manufacturing 0.5%** | **Diversified Manufacturing 0.5%** |
| Columbus McKinnon Corp.<sup>(b),(s)</sup>  | Columbus McKinnon Corp.<sup>(b),(s)</sup>  | Columbus McKinnon Corp.<sup>(b),(s)</sup>  | Columbus McKinnon Corp.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>02/03/2033<br>| &nbsp;&nbsp; 7.160% | 2255865 | &nbsp;&nbsp; 2247405 |
| CompoSecure Holdings LLC<sup>(b),(s)</sup>  | CompoSecure Holdings LLC<sup>(b),(s)</sup>  | CompoSecure Holdings LLC<sup>(b),(s)</sup>  | CompoSecure Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>01/14/2033<br>| &nbsp;&nbsp; 5.910% | 550270 | &nbsp;&nbsp; 546831 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| DXP Enterprises, Inc.<sup>(b),(s)</sup>  | DXP Enterprises, Inc.<sup>(b),(s)</sup>  | DXP Enterprises, Inc.<sup>(b),(s)</sup>  | DXP Enterprises, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.250% <br>10/11/2030<br>| &nbsp;&nbsp; 6.923% | 1338809 | &nbsp;&nbsp; 1344834 |
| Dynamo Midco BV<sup>(b),(s)</sup>  | Dynamo Midco BV<sup>(b),(s)</sup>  | Dynamo Midco BV<sup>(b),(s)</sup>  | Dynamo Midco BV<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 3.250% <br>09/30/2031<br>| &nbsp;&nbsp; 6.921% | 560109 | &nbsp;&nbsp; 560109 |
| EMRLD Borrower LP<sup>(b),(s)</sup>  | EMRLD Borrower LP<sup>(b),(s)</sup>  | EMRLD Borrower LP<sup>(b),(s)</sup>  | EMRLD Borrower LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.250% <br>05/31/2030<br>| &nbsp;&nbsp; 5.923% | 2663570 | &nbsp;&nbsp; 2651211 |
| 6-month Term SOFR + 2.250% <br>08/04/2031<br>| &nbsp;&nbsp; 6.122% | 136228 | &nbsp;&nbsp; 135587 |
| Filtration Group Corp.<sup>(b),(s)</sup>  | Filtration Group Corp.<sup>(b),(s)</sup>  | Filtration Group Corp.<sup>(b),(s)</sup>  | Filtration Group Corp.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.750% <br>10/21/2028<br>| &nbsp;&nbsp; 6.423% | 2494512 | &nbsp;&nbsp; 2496083 |
| Gates Corp.<sup>(b),(s)</sup>  | Gates Corp.<sup>(b),(s)</sup>  | Gates Corp.<sup>(b),(s)</sup>  | Gates Corp.<sup>(b),(s)</sup>  |
| Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan |
| 1-month Term SOFR + 1.750% <br>06/04/2031<br>| &nbsp;&nbsp; 5.423% | 1458366 | &nbsp;&nbsp; 1457870 |
| Madison IAQ LLC<sup>(b),(s)</sup>  | Madison IAQ LLC<sup>(b),(s)</sup>  | Madison IAQ LLC<sup>(b),(s)</sup>  | Madison IAQ LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 6-month Term SOFR + 2.500% <br>06/21/2028<br>| &nbsp;&nbsp; 6.128% | 2595270 | &nbsp;&nbsp; 2595763 |
| 6-month Term SOFR + 2.750% <br>11/08/2032<br>| &nbsp;&nbsp; 6.378% | 726888 | &nbsp;&nbsp; 727892 |
| Pye-Barker Fire & Safety LLC<sup>(b),(s),(t),(v)</sup>  | Pye-Barker Fire & Safety LLC<sup>(b),(s),(t),(v)</sup>  | Pye-Barker Fire & Safety LLC<sup>(b),(s),(t),(v)</sup>  | Pye-Barker Fire & Safety LLC<sup>(b),(s),(t),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 0.000% <br>12/16/2032<br>|  | 130000 | &nbsp;&nbsp; 130047 |
| Pye-Barker Fire & Safety LLC<sup>(b),(s)</sup>  | Pye-Barker Fire & Safety LLC<sup>(b),(s)</sup>  | Pye-Barker Fire & Safety LLC<sup>(b),(s)</sup>  | Pye-Barker Fire & Safety LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.500% <br>12/16/2032<br>| &nbsp;&nbsp; 6.206% | 870000 | &nbsp;&nbsp; 870313 |
| Resilience Parent LLC<sup>(b),(s),(t)</sup>  | Resilience Parent LLC<sup>(b),(s),(t)</sup>  | Resilience Parent LLC<sup>(b),(s),(t)</sup>  | Resilience Parent LLC<sup>(b),(s),(t)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.500% <br>01/21/2033<br>|  | 1223608 | &nbsp;&nbsp; 1220549 |
| Tiger Acquisition LLC<sup>(b),(s)</sup>  | Tiger Acquisition LLC<sup>(b),(s)</sup>  | Tiger Acquisition LLC<sup>(b),(s)</sup>  | Tiger Acquisition LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>08/23/2032<br>| &nbsp;&nbsp; 6.176% | 2200952 | &nbsp;&nbsp; 2197276 |
| TK Elevator Midco GmbH<sup>(b),(s)</sup>  | TK Elevator Midco GmbH<sup>(b),(s)</sup>  | TK Elevator Midco GmbH<sup>(b),(s)</sup>  | TK Elevator Midco GmbH<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 6-month Term SOFR + 2.750% <br>04/30/2030<br>| &nbsp;&nbsp; 6.377% | 3568851 | &nbsp;&nbsp; 3567245 |
| Vertiv Group Corp.<sup>(b),(s)</sup>  | Vertiv Group Corp.<sup>(b),(s)</sup>  | Vertiv Group Corp.<sup>(b),(s)</sup>  | Vertiv Group Corp.<sup>(b),(s)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| 3-month Term SOFR + 1.750% <br>08/12/2032<br>| &nbsp;&nbsp; 5.421% | 1403469 | &nbsp;&nbsp; 1403469 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| WEC US Holdings, Inc.<sup>(b),(s)</sup>  | WEC US Holdings, Inc.<sup>(b),(s)</sup>  | WEC US Holdings, Inc.<sup>(b),(s)</sup>  | WEC US Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>01/27/2031<br>| &nbsp;&nbsp; 5.671% | 3906493 | &nbsp;&nbsp; 3893602 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **28046086** |
| **Electric 0.4%** | **Electric 0.4%** | **Electric 0.4%** | **Electric 0.4%** |
| Astoria Project Partners LLC/Energy LLC<sup>(b),(s)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(s)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(s)</sup>  | Astoria Project Partners LLC/Energy LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.250% <br>06/23/2032<br>| &nbsp;&nbsp; 5.922% | 2072288 | &nbsp;&nbsp; 2075148 |
| Bayonne Energy Center LLC<sup>(b),(s)</sup>  | Bayonne Energy Center LLC<sup>(b),(s)</sup>  | Bayonne Energy Center LLC<sup>(b),(s)</sup>  | Bayonne Energy Center LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.000% <br>10/01/2032<br>| &nbsp;&nbsp; 6.672% | 1496588 | &nbsp;&nbsp; 1500329 |
| Carroll County Energy LLC<sup>(b),(s)</sup>  | Carroll County Energy LLC<sup>(b),(s)</sup>  | Carroll County Energy LLC<sup>(b),(s)</sup>  | Carroll County Energy LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>06/30/2031<br>| &nbsp;&nbsp; 6.422% | 1760589 | &nbsp;&nbsp; 1767737 |
| Compass Power Generation LLC<sup>(b),(s)</sup>  | Compass Power Generation LLC<sup>(b),(s)</sup>  | Compass Power Generation LLC<sup>(b),(s)</sup>  | Compass Power Generation LLC<sup>(b),(s)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| 1-month Term SOFR + 3.250% <br>04/14/2029<br>| &nbsp;&nbsp; 6.923% | 663796 | &nbsp;&nbsp; 665787 |
| Constellation Renewables LLC<sup>(b),(s)</sup>  | Constellation Renewables LLC<sup>(b),(s)</sup>  | Constellation Renewables LLC<sup>(b),(s)</sup>  | Constellation Renewables LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.000% <br>Floor 1.000% <br>12/15/2027<br>| &nbsp;&nbsp; 5.673% | 2386778 | &nbsp;&nbsp; 2387518 |
| Cornerstone Generation LLC<sup>(b),(s)</sup>  | Cornerstone Generation LLC<sup>(b),(s)</sup>  | Cornerstone Generation LLC<sup>(b),(s)</sup>  | Cornerstone Generation LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.250% <br>08/11/2032<br>| &nbsp;&nbsp; 5.917% | 1408987 | &nbsp;&nbsp; 1410749 |
| CPV Fairview LLC<sup>(b),(s)</sup>  | CPV Fairview LLC<sup>(b),(s)</sup>  | CPV Fairview LLC<sup>(b),(s)</sup>  | CPV Fairview LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.500% <br>08/14/2031<br>| &nbsp;&nbsp; 6.172% | 408529 | &nbsp;&nbsp; 408145 |
| EFS Cogen Holdings I LLC<sup>(b),(s)</sup>  | EFS Cogen Holdings I LLC<sup>(b),(s)</sup>  | EFS Cogen Holdings I LLC<sup>(b),(s)</sup>  | EFS Cogen Holdings I LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.000% <br>10/03/2031<br>| &nbsp;&nbsp; 6.672% | 2922418 | &nbsp;&nbsp; 2918765 |
| Hamilton Projects Acquiror LLC<sup>(b),(s)</sup>  | Hamilton Projects Acquiror LLC<sup>(b),(s)</sup>  | Hamilton Projects Acquiror LLC<sup>(b),(s)</sup>  | Hamilton Projects Acquiror LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>05/30/2031<br>| &nbsp;&nbsp; 6.173% | 1707282 | &nbsp;&nbsp; 1710748 |
| Invenergy Thermal Operating I LLC<sup>(b),(s)</sup>  | Invenergy Thermal Operating I LLC<sup>(b),(s)</sup>  | Invenergy Thermal Operating I LLC<sup>(b),(s)</sup>  | Invenergy Thermal Operating I LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.750% <br>05/17/2032<br>| &nbsp;&nbsp; 6.410% | 857258 | &nbsp;&nbsp; 865025 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 3-month Term SOFR + 2.750% <br>05/17/2032<br>| &nbsp;&nbsp; 6.410% | 54096 | &nbsp;&nbsp; 54586 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Lackawanna Energy Center LLC<sup>(b),(s)</sup>  | Lackawanna Energy Center LLC<sup>(b),(s)</sup>  | Lackawanna Energy Center LLC<sup>(b),(s)</sup>  | Lackawanna Energy Center LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.750% <br>08/05/2032<br>| &nbsp;&nbsp; 6.668% | 1399522 | &nbsp;&nbsp; 1404476 |
| New Frontera Holdings LLC<sup>(b),(s)</sup>  | New Frontera Holdings LLC<sup>(b),(s)</sup>  | New Frontera Holdings LLC<sup>(b),(s)</sup>  | New Frontera Holdings LLC<sup>(b),(s)</sup>  |
| 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan |
| 3-month Term SOFR + 1.500% <br>Floor 1.000% <br>07/28/2028<br>| &nbsp;&nbsp; 5.434% | 1125277 | &nbsp;&nbsp; 1074640 |
| South Field Energy LLC<sup>(b),(s)</sup>  | South Field Energy LLC<sup>(b),(s)</sup>  | South Field Energy LLC<sup>(b),(s)</sup>  | South Field Energy LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.000% <br>08/29/2031<br>| &nbsp;&nbsp; 6.672% | 1399964 | &nbsp;&nbsp; 1403464 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 3-month Term SOFR + 3.000% <br>08/29/2031<br>| &nbsp;&nbsp; 6.672% | 84613 | &nbsp;&nbsp; 84824 |
| Talen Energy Supply LLC<sup>(b),(s)</sup>  | Talen Energy Supply LLC<sup>(b),(s)</sup>  | Talen Energy Supply LLC<sup>(b),(s)</sup>  | Talen Energy Supply LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.500% <br>12/15/2031<br>| &nbsp;&nbsp; 6.153% | 990000 | &nbsp;&nbsp; 991732 |
| West Deptford Energy Holdings LLC<sup>(b),(s)</sup>  | West Deptford Energy Holdings LLC<sup>(b),(s)</sup>  | West Deptford Energy Holdings LLC<sup>(b),(s)</sup>  | West Deptford Energy Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.000% <br>07/24/2032<br>| &nbsp;&nbsp; 7.673% | 800706 | &nbsp;&nbsp; 797455 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **21521128** |
| **Environmental 0.2%** | **Environmental 0.2%** | **Environmental 0.2%** | **Environmental 0.2%** |
| EnergySolutions LLC/Envirocare of Utah LLC<sup>(b),(s)</sup>  | EnergySolutions LLC/Envirocare of Utah LLC<sup>(b),(s)</sup>  | EnergySolutions LLC/Envirocare of Utah LLC<sup>(b),(s)</sup>  | EnergySolutions LLC/Envirocare of Utah LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>09/20/2030<br>| &nbsp;&nbsp; 6.923% | 2483578 | &nbsp;&nbsp; 2497039 |
| GFL Environmental Services, Inc.<sup>(b),(s)</sup>  | GFL Environmental Services, Inc.<sup>(b),(s)</sup>  | GFL Environmental Services, Inc.<sup>(b),(s)</sup>  | GFL Environmental Services, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.500% <br>03/03/2032<br>| &nbsp;&nbsp; 6.273% | 2244375 | &nbsp;&nbsp; 2245318 |
| Northstar Group Services, Inc.<sup>(b),(s)</sup>  | Northstar Group Services, Inc.<sup>(b),(s)</sup>  | Northstar Group Services, Inc.<sup>(b),(s)</sup>  | Northstar Group Services, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.750% <br>Floor 0.500% <br>05/31/2030<br>| &nbsp;&nbsp; 8.417% | 843854 | &nbsp;&nbsp; 849829 |
| Reworld Holding Corp.<sup>(b),(s)</sup>  | Reworld Holding Corp.<sup>(b),(s)</sup>  | Reworld Holding Corp.<sup>(b),(s)</sup>  | Reworld Holding Corp.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.250% <br>01/15/2031<br>| &nbsp;&nbsp; 5.917% | 670371 | &nbsp;&nbsp; 669057 |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 2.250% <br>11/30/2028<br>| &nbsp;&nbsp; 5.927% | 2515351 | &nbsp;&nbsp; 2515350 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 1-month Term SOFR + 2.250% <br>01/15/2031<br>| &nbsp;&nbsp; 5.917% | 108935 | &nbsp;&nbsp; 108722 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Tidal Waste & Recycling Holdings LLC<sup>(b),(s)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(s)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(s)</sup>  | Tidal Waste & Recycling Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>10/24/2031<br>| &nbsp;&nbsp; 6.422% | 1556186 | &nbsp;&nbsp; 1556668 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **10441983** |
| **Finance Companies 0.1%** | **Finance Companies 0.1%** | **Finance Companies 0.1%** | **Finance Companies 0.1%** |
| Neptune BidCo US, Inc.<sup>(b),(s),(t)</sup>  | Neptune BidCo US, Inc.<sup>(b),(s),(t)</sup>  | Neptune BidCo US, Inc.<sup>(b),(s),(t)</sup>  | Neptune BidCo US, Inc.<sup>(b),(s),(t)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 5.000% <br>02/03/2033<br>| &nbsp;&nbsp; 8.760% | 2049187 | &nbsp;&nbsp; 1926748 |
| Orion Midco Ltd.<sup>(b),(s)</sup>  | Orion Midco Ltd.<sup>(b),(s)</sup>  | Orion Midco Ltd.<sup>(b),(s)</sup>  | Orion Midco Ltd.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.500% <br>10/08/2032<br>| &nbsp;&nbsp; 7.150% | 3266030 | &nbsp;&nbsp; 3203779 |
| Red SPV LLC<sup>(b),(s)</sup>  | Red SPV LLC<sup>(b),(s)</sup>  | Red SPV LLC<sup>(b),(s)</sup>  | Red SPV LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>03/15/2032<br>| &nbsp;&nbsp; 5.927% | 761404 | &nbsp;&nbsp; 758077 |
| Snacking Investments Bidco Pty Ltd.<sup>(b),(s)</sup>  | Snacking Investments Bidco Pty Ltd.<sup>(b),(s)</sup>  | Snacking Investments Bidco Pty Ltd.<sup>(b),(s)</sup>  | Snacking Investments Bidco Pty Ltd.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>10/29/2032<br>| &nbsp;&nbsp; 6.667% | 661749 | &nbsp;&nbsp; 660921 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6549525** |
| **Food and Beverage 0.4%** | **Food and Beverage 0.4%** | **Food and Beverage 0.4%** | **Food and Beverage 0.4%** |
| Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  |
| Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan |
| 1-month Term SOFR + 1.750% <br>04/06/2028<br>| &nbsp;&nbsp; 5.423% | 1500000 | &nbsp;&nbsp; 1500945 |
| Aspire Bakeries Holdings LLC<sup>(b),(s)</sup>  | Aspire Bakeries Holdings LLC<sup>(b),(s)</sup>  | Aspire Bakeries Holdings LLC<sup>(b),(s)</sup>  | Aspire Bakeries Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>12/23/2030<br>| &nbsp;&nbsp; 6.673% | 1448773 | &nbsp;&nbsp; 1450584 |
| CHG PPC Parent LLC<sup>(b),(s)</sup>  | CHG PPC Parent LLC<sup>(b),(s)</sup>  | CHG PPC Parent LLC<sup>(b),(s)</sup>  | CHG PPC Parent LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/08/2028<br>| &nbsp;&nbsp; 6.787% | 1364029 | &nbsp;&nbsp; 1362324 |
| Froneri International Ltd.<sup>(b),(s)</sup>  | Froneri International Ltd.<sup>(b),(s)</sup>  | Froneri International Ltd.<sup>(b),(s)</sup>  | Froneri International Ltd.<sup>(b),(s)</sup>  |
| Tranche B6 1st Lien Term Loan | Tranche B6 1st Lien Term Loan | Tranche B6 1st Lien Term Loan | Tranche B6 1st Lien Term Loan |
| 6-month Term SOFR + 2.250% <br>09/30/2032<br>| &nbsp;&nbsp; 5.877% | 2441178 | &nbsp;&nbsp; 2382517 |
| Golden State Foods LLC<sup>(b),(s)</sup>  | Golden State Foods LLC<sup>(b),(s)</sup>  | Golden State Foods LLC<sup>(b),(s)</sup>  | Golden State Foods LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>12/04/2031<br>| &nbsp;&nbsp; 7.171% | 2522565 | &nbsp;&nbsp; 2521203 |
| Primo Brands Corp.<sup>(b),(s)</sup>  | Primo Brands Corp.<sup>(b),(s)</sup>  | Primo Brands Corp.<sup>(b),(s)</sup>  | Primo Brands Corp.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.250% <br>03/31/2028<br>| &nbsp;&nbsp; 5.922% | 3789377 | &nbsp;&nbsp; 3785322 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Sazerac Co., Inc.<sup>(b),(s)</sup>  | Sazerac Co., Inc.<sup>(b),(s)</sup>  | Sazerac Co., Inc.<sup>(b),(s)</sup>  | Sazerac Co., Inc.<sup>(b),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 1-month Term SOFR + 2.000% <br>07/09/2032<br>| &nbsp;&nbsp; 5.670% | 3667782 | &nbsp;&nbsp; 3663894 |
| Treehouse Foods, Inc.<sup>(b),(s),(t)</sup>  | Treehouse Foods, Inc.<sup>(b),(s),(t)</sup>  | Treehouse Foods, Inc.<sup>(b),(s),(t)</sup>  | Treehouse Foods, Inc.<sup>(b),(s),(t)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.250% <br>02/11/2033<br>|  | 1687733 | &nbsp;&nbsp; 1662062 |
| Utz Quality Foods LLC<sup>(b),(s)</sup>  | Utz Quality Foods LLC<sup>(b),(s)</sup>  | Utz Quality Foods LLC<sup>(b),(s)</sup>  | Utz Quality Foods LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.500% <br>01/29/2032<br>| &nbsp;&nbsp; 6.172% | 2460931 | &nbsp;&nbsp; 2454779 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **20783630** |
| **Gaming 0.5%** | **Gaming 0.5%** | **Gaming 0.5%** | **Gaming 0.5%** |
| Caesars Entertainment, Inc.<sup>(b),(s)</sup>  | Caesars Entertainment, Inc.<sup>(b),(s)</sup>  | Caesars Entertainment, Inc.<sup>(b),(s)</sup>  | Caesars Entertainment, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.250% <br>Floor 0.500% <br>02/06/2030<br>| &nbsp;&nbsp; 5.923% | 2027097 | &nbsp;&nbsp; 2010638 |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 2.250% <br>Floor 0.500% <br>02/06/2031<br>| &nbsp;&nbsp; 5.923% | 832539 | &nbsp;&nbsp; 823798 |
| ECL Entertainment LLC<sup>(b),(s)</sup>  | ECL Entertainment LLC<sup>(b),(s)</sup>  | ECL Entertainment LLC<sup>(b),(s)</sup>  | ECL Entertainment LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 3.000% <br>08/30/2030<br>| &nbsp;&nbsp; 6.673% | 1264260 | &nbsp;&nbsp; 1254778 |
| Entain PLC<sup>(b),(s)</sup>  | Entain PLC<sup>(b),(s)</sup>  | Entain PLC<sup>(b),(s)</sup>  | Entain PLC<sup>(b),(s)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| 3-month Term SOFR + 2.250% <br>10/31/2029<br>| &nbsp;&nbsp; 5.922% | 4393649 | &nbsp;&nbsp; 4374800 |
| Fertitta Entertainment LLC<sup>(b),(s)</sup>  | Fertitta Entertainment LLC<sup>(b),(s)</sup>  | Fertitta Entertainment LLC<sup>(b),(s)</sup>  | Fertitta Entertainment LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>01/27/2029<br>| &nbsp;&nbsp; 6.923% | 2811935 | &nbsp;&nbsp; 2793545 |
| Flutter Entertainment PLC<sup>(b),(s)</sup>  | Flutter Entertainment PLC<sup>(b),(s)</sup>  | Flutter Entertainment PLC<sup>(b),(s)</sup>  | Flutter Entertainment PLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 1.750% <br>11/30/2030<br>| &nbsp;&nbsp; 5.422% | 3736297 | &nbsp;&nbsp; 3670912 |
| 3-month Term SOFR + 2.000% <br>06/04/2032<br>| &nbsp;&nbsp; 5.672% | 1192742 | &nbsp;&nbsp; 1174851 |
| HRNI Holdings LLC<sup>(b),(s)</sup>  | HRNI Holdings LLC<sup>(b),(s)</sup>  | HRNI Holdings LLC<sup>(b),(s)</sup>  | HRNI Holdings LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.250% <br>Floor 0.750% <br>12/11/2028<br>| &nbsp;&nbsp; 8.086% | 3358433 | &nbsp;&nbsp; 3229705 |
| Jack Ohio Finance LLC<sup>(b),(s)</sup>  | Jack Ohio Finance LLC<sup>(b),(s)</sup>  | Jack Ohio Finance LLC<sup>(b),(s)</sup>  | Jack Ohio Finance LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.000% <br>02/02/2032<br>| &nbsp;&nbsp; 7.673% | 1340600 | &nbsp;&nbsp; 1327864 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Light and Wonder International, Inc.<sup>(b),(s)</sup>  | Light and Wonder International, Inc.<sup>(b),(s)</sup>  | Light and Wonder International, Inc.<sup>(b),(s)</sup>  | Light and Wonder International, Inc.<sup>(b),(s)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| 1-month Term SOFR + 2.000% <br>04/16/2029<br>| &nbsp;&nbsp; 5.677% | 1298732 | &nbsp;&nbsp; 1297109 |
| Ontario Gaming GTA LP<sup>(b),(s)</sup>  | Ontario Gaming GTA LP<sup>(b),(s)</sup>  | Ontario Gaming GTA LP<sup>(b),(s)</sup>  | Ontario Gaming GTA LP<sup>(b),(s)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 4.250% <br>Floor 0.500% <br>08/01/2030<br>| &nbsp;&nbsp; 7.922% | 3491762 | &nbsp;&nbsp; 3283897 |
| PCI Gaming Authority<sup>(b),(s)</sup>  | PCI Gaming Authority<sup>(b),(s)</sup>  | PCI Gaming Authority<sup>(b),(s)</sup>  | PCI Gaming Authority<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.000% <br>07/18/2031<br>| &nbsp;&nbsp; 5.673% | 2385359 | &nbsp;&nbsp; 2378918 |
| Peninsula Pacific Entertainment Development LLC<sup>(b),(c),(s),(t),(v)</sup>  | Peninsula Pacific Entertainment Development LLC<sup>(b),(c),(s),(t),(v)</sup>  | Peninsula Pacific Entertainment Development LLC<sup>(b),(c),(s),(t),(v)</sup>  | Peninsula Pacific Entertainment Development LLC<sup>(b),(c),(s),(t),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 1-month Term SOFR + 4.750% <br>10/01/2032<br>| &nbsp;&nbsp; 2.375% | 249035 | &nbsp;&nbsp; 250280 |
| Peninsula Pacific Entertainment Development LLC<sup>(b),(c),(s)</sup>  | Peninsula Pacific Entertainment Development LLC<sup>(b),(c),(s)</sup>  | Peninsula Pacific Entertainment Development LLC<sup>(b),(c),(s)</sup>  | Peninsula Pacific Entertainment Development LLC<sup>(b),(c),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.750% <br>10/01/2032<br>| &nbsp;&nbsp; 8.422% | 1062549 | &nbsp;&nbsp; 1067861 |
| Scientific Games Holdings LP<sup>(b),(s)</sup>  | Scientific Games Holdings LP<sup>(b),(s)</sup>  | Scientific Games Holdings LP<sup>(b),(s)</sup>  | Scientific Games Holdings LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>Floor 0.500% <br>04/04/2029<br>| &nbsp;&nbsp; 6.652% | 565586 | &nbsp;&nbsp; 553805 |
| Voyager Parent LLC<sup>(b),(s)</sup>  | Voyager Parent LLC<sup>(b),(s)</sup>  | Voyager Parent LLC<sup>(b),(s)</sup>  | Voyager Parent LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.250% <br>07/01/2032<br>| &nbsp;&nbsp; 7.911% | 2264227 | &nbsp;&nbsp; 2253970 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **31746731** |
| **Health Care 0.5%** | **Health Care 0.5%** | **Health Care 0.5%** | **Health Care 0.5%** |
| CHG Healthcare Services, Inc.<sup>(b),(s)</sup>  | CHG Healthcare Services, Inc.<sup>(b),(s)</sup>  | CHG Healthcare Services, Inc.<sup>(b),(s)</sup>  | CHG Healthcare Services, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.750% <br>09/29/2028<br>| &nbsp;&nbsp; 6.417% | 1742921 | &nbsp;&nbsp; 1740063 |
| Cotiviti, Inc.<sup>(b),(s)</sup>  | Cotiviti, Inc.<sup>(b),(s)</sup>  | Cotiviti, Inc.<sup>(b),(s)</sup>  | Cotiviti, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>03/26/2032<br>| &nbsp;&nbsp; 6.421% | 231595 | &nbsp;&nbsp; 204600 |
| Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(b),(s)</sup>  | Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(b),(s)</sup>  | Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(b),(s)</sup>  | Element Materials Technology Group US Holdings, Inc./EM Midco 2 LLC<sup>(b),(s)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 3.675% <br>Floor 0.500% <br>07/06/2029<br>| &nbsp;&nbsp; 7.347% | 2158789 | &nbsp;&nbsp; 2164186 |
| Hopper Merger Sub, Inc.<sup>(b),(s),(t)</sup>  | Hopper Merger Sub, Inc.<sup>(b),(s),(t)</sup>  | Hopper Merger Sub, Inc.<sup>(b),(s),(t)</sup>  | Hopper Merger Sub, Inc.<sup>(b),(s),(t)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.250% <br>01/14/2033<br>|  | 2445307 | &nbsp;&nbsp; 2414740 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Mamba Purchaser, Inc.<sup>(b),(s)</sup>  | Mamba Purchaser, Inc.<sup>(b),(s)</sup>  | Mamba Purchaser, Inc.<sup>(b),(s)</sup>  | Mamba Purchaser, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.750% <br>10/14/2031<br>| &nbsp;&nbsp; 6.427% | 1277942 | &nbsp;&nbsp; 1275833 |
| Medline Borrower LP<sup>(b),(s)</sup>  | Medline Borrower LP<sup>(b),(s)</sup>  | Medline Borrower LP<sup>(b),(s)</sup>  | Medline Borrower LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>10/23/2030<br>| &nbsp;&nbsp; 5.423% | 4573737 | &nbsp;&nbsp; 4581238 |
| Paradigm Parent LLC<sup>(b),(s),(t)</sup>  | Paradigm Parent LLC<sup>(b),(s),(t)</sup>  | Paradigm Parent LLC<sup>(b),(s),(t)</sup>  | Paradigm Parent LLC<sup>(b),(s),(t)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.500% <br>04/16/2032<br>| &nbsp;&nbsp; 8.172% | 1997500 | &nbsp;&nbsp; 1665416 |
| Parexel International, Inc.<sup>(b),(s)</sup>  | Parexel International, Inc.<sup>(b),(s)</sup>  | Parexel International, Inc.<sup>(b),(s)</sup>  | Parexel International, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>12/12/2031<br>| &nbsp;&nbsp; 6.423% | 3114747 | &nbsp;&nbsp; 3075813 |
| Resonetics LLC<sup>(b),(s)</sup>  | Resonetics LLC<sup>(b),(s)</sup>  | Resonetics LLC<sup>(b),(s)</sup>  | Resonetics LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.750% <br>06/18/2031<br>| &nbsp;&nbsp; 6.421% | 2781091 | &nbsp;&nbsp; 2764071 |
| Southern Veterinary Partners LLC<sup>(b),(s)</sup>  | Southern Veterinary Partners LLC<sup>(b),(s)</sup>  | Southern Veterinary Partners LLC<sup>(b),(s)</sup>  | Southern Veterinary Partners LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.500% <br>12/04/2031<br>| &nbsp;&nbsp; 6.176% | 548625 | &nbsp;&nbsp; 547221 |
| Star Parent, Inc.<sup>(b),(s)</sup>  | Star Parent, Inc.<sup>(b),(s)</sup>  | Star Parent, Inc.<sup>(b),(s)</sup>  | Star Parent, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.000% <br>09/27/2030<br>| &nbsp;&nbsp; 7.672% | 1861781 | &nbsp;&nbsp; 1799951 |
| Surgery Center Holdings, Inc.<sup>(b),(s)</sup>  | Surgery Center Holdings, Inc.<sup>(b),(s)</sup>  | Surgery Center Holdings, Inc.<sup>(b),(s)</sup>  | Surgery Center Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>12/19/2030<br>| &nbsp;&nbsp; 6.173% | 3268115 | &nbsp;&nbsp; 3269291 |
| Upstream Newco, Inc.<sup>(b),(s)</sup>  | Upstream Newco, Inc.<sup>(b),(s)</sup>  | Upstream Newco, Inc.<sup>(b),(s)</sup>  | Upstream Newco, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 4.250% <br>11/20/2029<br>| &nbsp;&nbsp; 8.179% | 1085106 | &nbsp;&nbsp; 999806 |
| US Fertility Enterprises LLC<sup>(b),(s),(t),(v)</sup>  | US Fertility Enterprises LLC<sup>(b),(s),(t),(v)</sup>  | US Fertility Enterprises LLC<sup>(b),(s),(t),(v)</sup>  | US Fertility Enterprises LLC<sup>(b),(s),(t),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 1.750% <br>12/30/2032<br>| &nbsp;&nbsp; 1.750% | 192730 | &nbsp;&nbsp; 192923 |
| US Fertility Enterprises LLC<sup>(b),(s)</sup>  | US Fertility Enterprises LLC<sup>(b),(s)</sup>  | US Fertility Enterprises LLC<sup>(b),(s)</sup>  | US Fertility Enterprises LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>12/30/2032<br>| &nbsp;&nbsp; 7.167% | 1272020 | &nbsp;&nbsp; 1273292 |
| WS Audiology A/S<sup>(b),(s)</sup>  | WS Audiology A/S<sup>(b),(s)</sup>  | WS Audiology A/S<sup>(b),(s)</sup>  | WS Audiology A/S<sup>(b),(s)</sup>  |
| Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan |
| 3-month Term SOFR + 3.250% <br>02/28/2029<br>| &nbsp;&nbsp; 6.948% | 2368537 | &nbsp;&nbsp; 2362616 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **30331060** |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Healthcare Insurance 0.0%** | **Healthcare Insurance 0.0%** | **Healthcare Insurance 0.0%** | **Healthcare Insurance 0.0%** |
| Alera Group, Inc.<sup>(b),(s)</sup>  | Alera Group, Inc.<sup>(b),(s)</sup>  | Alera Group, Inc.<sup>(b),(s)</sup>  | Alera Group, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.750% <br>05/30/2032<br>| &nbsp;&nbsp; 6.423% | 1727767 | &nbsp;&nbsp; 1641137 |
| **Home Construction 0.1%** | **Home Construction 0.1%** | **Home Construction 0.1%** | **Home Construction 0.1%** |
| Construction Partners, Inc.<sup>(b),(s)</sup>  | Construction Partners, Inc.<sup>(b),(s)</sup>  | Construction Partners, Inc.<sup>(b),(s)</sup>  | Construction Partners, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>11/03/2031<br>| &nbsp;&nbsp; 6.173% | 2089447 | &nbsp;&nbsp; 2097283 |
| Tecta America Corp.<sup>(b),(s)</sup>  | Tecta America Corp.<sup>(b),(s)</sup>  | Tecta America Corp.<sup>(b),(s)</sup>  | Tecta America Corp.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>02/18/2032<br>| &nbsp;&nbsp; 6.423% | 1901640 | &nbsp;&nbsp; 1901335 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **3998618** |
| **Independent Energy 0.0%** | **Independent Energy 0.0%** | **Independent Energy 0.0%** | **Independent Energy 0.0%** |
| Hilcorp Energy I LP<sup>(b),(s)</sup>  | Hilcorp Energy I LP<sup>(b),(s)</sup>  | Hilcorp Energy I LP<sup>(b),(s)</sup>  | Hilcorp Energy I LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>02/11/2030<br>| &nbsp;&nbsp; 5.417% | 705210 | &nbsp;&nbsp; 704329 |
| **Leisure 0.2%** | **Leisure 0.2%** | **Leisure 0.2%** | **Leisure 0.2%** |
| Alterra Mountain Co.<sup>(b),(c),(s)</sup>  | Alterra Mountain Co.<sup>(b),(c),(s)</sup>  | Alterra Mountain Co.<sup>(b),(c),(s)</sup>  | Alterra Mountain Co.<sup>(b),(c),(s)</sup>  |
| Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan |
| 1-month Term SOFR + 2.500% <br>05/31/2030<br>| &nbsp;&nbsp; 6.173% | 927944 | &nbsp;&nbsp; 927944 |
| Alterra Mountain Co.<sup>(b),(s)</sup>  | Alterra Mountain Co.<sup>(b),(s)</sup>  | Alterra Mountain Co.<sup>(b),(s)</sup>  | Alterra Mountain Co.<sup>(b),(s)</sup>  |
| Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan |
| 1-month Term SOFR + 2.500% <br>08/17/2028<br>| &nbsp;&nbsp; 6.173% | 2082909 | &nbsp;&nbsp; 2081180 |
| Arcis Golf LLC<sup>(b),(s)</sup>  | Arcis Golf LLC<sup>(b),(s)</sup>  | Arcis Golf LLC<sup>(b),(s)</sup>  | Arcis Golf LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>Floor 0.500% <br>11/24/2028<br>| &nbsp;&nbsp; 6.423% | 997652 | &nbsp;&nbsp; 1000456 |
| Bulldog Purchaser, Inc.<sup>(b),(s)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(s)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(s)</sup>  | Bulldog Purchaser, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.250% <br>02/04/2033<br>| &nbsp;&nbsp; 6.913% | 2726094 | &nbsp;&nbsp; 2717589 |
| Cinemark USA, Inc.<sup>(b),(s)</sup>  | Cinemark USA, Inc.<sup>(b),(s)</sup>  | Cinemark USA, Inc.<sup>(b),(s)</sup>  | Cinemark USA, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.250% <br>05/24/2030<br>| &nbsp;&nbsp; 5.923% | 3779136 | &nbsp;&nbsp; 3785031 |
| Crown Finance US, Inc.<sup>(b),(s)</sup>  | Crown Finance US, Inc.<sup>(b),(s)</sup>  | Crown Finance US, Inc.<sup>(b),(s)</sup>  | Crown Finance US, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.500% <br>12/02/2031<br>| &nbsp;&nbsp; 8.171% | 220436 | &nbsp;&nbsp; 213863 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| EOC Borrower LLC<sup>(b),(s)</sup>  | EOC Borrower LLC<sup>(b),(s)</sup>  | EOC Borrower LLC<sup>(b),(s)</sup>  | EOC Borrower LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.750% <br>03/24/2032<br>| &nbsp;&nbsp; 6.423% | 444297 | &nbsp;&nbsp; 442408 |
| Motion Acquisition Ltd.<sup>(b),(s)</sup>  | Motion Acquisition Ltd.<sup>(b),(s)</sup>  | Motion Acquisition Ltd.<sup>(b),(s)</sup>  | Motion Acquisition Ltd.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.500% <br>11/12/2029<br>| &nbsp;&nbsp; 7.172% | 1386052 | &nbsp;&nbsp; 1165670 |
| TKO Worldwide Holdings LLC<sup>(b),(s)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(s)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(s)</sup>  | TKO Worldwide Holdings LLC<sup>(b),(s)</sup>  |
| Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan |
| 3-month Term SOFR + 2.000% <br>11/21/2031<br>| &nbsp;&nbsp; 5.664% | 1161889 | &nbsp;&nbsp; 1162133 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **13496274** |
| **Life Insurance 0.0%** | **Life Insurance 0.0%** | **Life Insurance 0.0%** | **Life Insurance 0.0%** |
| OneDigital Borrower LLC<sup>(b),(s)</sup>  | OneDigital Borrower LLC<sup>(b),(s)</sup>  | OneDigital Borrower LLC<sup>(b),(s)</sup>  | OneDigital Borrower LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.000% <br>07/02/2031<br>| &nbsp;&nbsp; 6.673% | 1938305 | &nbsp;&nbsp; 1864416 |
| **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** | **Lodging 0.1%** |
| Hilton Grand Vacations Borrower LLC<sup>(b),(s)</sup>  | Hilton Grand Vacations Borrower LLC<sup>(b),(s)</sup>  | Hilton Grand Vacations Borrower LLC<sup>(b),(s)</sup>  | Hilton Grand Vacations Borrower LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>Floor 0.500% <br>08/02/2028<br>| &nbsp;&nbsp; 5.673% | 1983868 | &nbsp;&nbsp; 1979225 |
| SGH2 LLC<sup>(b),(s)</sup>  | SGH2 LLC<sup>(b),(s)</sup>  | SGH2 LLC<sup>(b),(s)</sup>  | SGH2 LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.500% <br>08/18/2032<br>| &nbsp;&nbsp; 8.172% | 802718 | &nbsp;&nbsp; 802718 |
| Travel + Leisure Co.<sup>(b),(s)</sup>  | Travel + Leisure Co.<sup>(b),(s)</sup>  | Travel + Leisure Co.<sup>(b),(s)</sup>  | Travel + Leisure Co.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>12/14/2029<br>| &nbsp;&nbsp; 5.673% | 1794733 | &nbsp;&nbsp; 1789600 |
| TRQ Sales LLC<sup>(b),(s)</sup>  | TRQ Sales LLC<sup>(b),(s)</sup>  | TRQ Sales LLC<sup>(b),(s)</sup>  | TRQ Sales LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.250% <br>12/30/2032<br>| &nbsp;&nbsp; 6.936% | 2394809 | &nbsp;&nbsp; 2352900 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **6924443** |
| **Media and Entertainment 0.3%** | **Media and Entertainment 0.3%** | **Media and Entertainment 0.3%** | **Media and Entertainment 0.3%** |
| Cengage Learning, Inc.<sup>(b),(s)</sup>  | Cengage Learning, Inc.<sup>(b),(s)</sup>  | Cengage Learning, Inc.<sup>(b),(s)</sup>  | Cengage Learning, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.000% <br>03/24/2031<br>| &nbsp;&nbsp; 6.671% | 1677756 | &nbsp;&nbsp; 1633329 |
| CMG Media Corp.<sup>(b),(s)</sup>  | CMG Media Corp.<sup>(b),(s)</sup>  | CMG Media Corp.<sup>(b),(s)</sup>  | CMG Media Corp.<sup>(b),(s)</sup>  |
| Tranche B2 1st Lien Term Loan | Tranche B2 1st Lien Term Loan | Tranche B2 1st Lien Term Loan | Tranche B2 1st Lien Term Loan |
| 3-month Term SOFR + 3.500% <br>06/18/2029<br>| &nbsp;&nbsp; 7.272% | 922140 | &nbsp;&nbsp; 870039 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Creative Artists Agency LLC<sup>(b),(s)</sup>  | Creative Artists Agency LLC<sup>(b),(s)</sup>  | Creative Artists Agency LLC<sup>(b),(s)</sup>  | Creative Artists Agency LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>10/01/2031<br>| &nbsp;&nbsp; 6.173% | 3218772 | &nbsp;&nbsp; 3206026 |
| Cumulus Media New Holdings, Inc.<sup>(b),(s)</sup>  | Cumulus Media New Holdings, Inc.<sup>(b),(s)</sup>  | Cumulus Media New Holdings, Inc.<sup>(b),(s)</sup>  | Cumulus Media New Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 5.000% <br>05/02/2029<br>| &nbsp;&nbsp; 8.663% | 1347546 | &nbsp;&nbsp; 338140 |
| Emerald X, Inc.<sup>(b),(s)</sup>  | Emerald X, Inc.<sup>(b),(s)</sup>  | Emerald X, Inc.<sup>(b),(s)</sup>  | Emerald X, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.250% <br>01/30/2032<br>| &nbsp;&nbsp; 6.923% | 1533803 | &nbsp;&nbsp; 1534447 |
| NEP Group, Inc.<sup>(b),(s),(t)</sup>  | NEP Group, Inc.<sup>(b),(s),(t)</sup>  | NEP Group, Inc.<sup>(b),(s),(t)</sup>  | NEP Group, Inc.<sup>(b),(s),(t)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.500% <br>10/17/2031<br>| &nbsp;&nbsp; 8.173% | 1365168 | &nbsp;&nbsp; 1243163 |
| Plano Holdco, Inc.<sup>(b),(s)</sup>  | Plano Holdco, Inc.<sup>(b),(s)</sup>  | Plano Holdco, Inc.<sup>(b),(s)</sup>  | Plano Holdco, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>10/02/2031<br>| &nbsp;&nbsp; 7.172% | 2952386 | &nbsp;&nbsp; 2509528 |
| Sinclair Television Group, Inc.<sup>(b),(s)</sup>  | Sinclair Television Group, Inc.<sup>(b),(s)</sup>  | Sinclair Television Group, Inc.<sup>(b),(s)</sup>  | Sinclair Television Group, Inc.<sup>(b),(s)</sup>  |
| Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan | Tranche B6 Term Loan |
| 1-month Term SOFR + 3.300% <br>12/31/2029<br>| &nbsp;&nbsp; 7.087% | 1200042 | &nbsp;&nbsp; 1020035 |
| United Talent Agency LLC<sup>(b),(s)</sup>  | United Talent Agency LLC<sup>(b),(s)</sup>  | United Talent Agency LLC<sup>(b),(s)</sup>  | United Talent Agency LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 3.000% <br>06/10/2032<br>| &nbsp;&nbsp; 6.660% | 1247481 | &nbsp;&nbsp; 1241244 |
| Univision Communications, Inc.<sup>(b),(s)</sup>  | Univision Communications, Inc.<sup>(b),(s)</sup>  | Univision Communications, Inc.<sup>(b),(s)</sup>  | Univision Communications, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>01/31/2029<br>| &nbsp;&nbsp; 7.037% | 2893714 | &nbsp;&nbsp; 2875629 |
| Univision Communications, Inc.<sup>(b),(c),(s)</sup>  | Univision Communications, Inc.<sup>(b),(c),(s)</sup>  | Univision Communications, Inc.<sup>(b),(c),(s)</sup>  | Univision Communications, Inc.<sup>(b),(c),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 4.250% <br>Floor 0.500% <br>06/24/2029<br>| &nbsp;&nbsp; 7.922% | 686606 | &nbsp;&nbsp; 678023 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **17149603** |
| **Midstream 0.2%** | **Midstream 0.2%** | **Midstream 0.2%** | **Midstream 0.2%** |
| AL GCX Holdings LLC<sup>(b),(s)</sup>  | AL GCX Holdings LLC<sup>(b),(s)</sup>  | AL GCX Holdings LLC<sup>(b),(s)</sup>  | AL GCX Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>12/17/2032<br>| &nbsp;&nbsp; 5.923% | 818168 | &nbsp;&nbsp; 817661 |
| CQP Holdco LP<sup>(b),(s)</sup>  | CQP Holdco LP<sup>(b),(s)</sup>  | CQP Holdco LP<sup>(b),(s)</sup>  | CQP Holdco LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>12/31/2032<br>| &nbsp;&nbsp; 5.423% | 3266327 | &nbsp;&nbsp; 3253458 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| GIP Pilot Acquisition Partners LP<sup>(b),(s)</sup>  | GIP Pilot Acquisition Partners LP<sup>(b),(s)</sup>  | GIP Pilot Acquisition Partners LP<sup>(b),(s)</sup>  | GIP Pilot Acquisition Partners LP<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.000% <br>10/04/2030<br>| &nbsp;&nbsp; 5.646% | 2456305 | &nbsp;&nbsp; 2457533 |
| ITT Holdings LLC<sup>(b),(s)</sup>  | ITT Holdings LLC<sup>(b),(s)</sup>  | ITT Holdings LLC<sup>(b),(s)</sup>  | ITT Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.975% <br>10/11/2030<br>| &nbsp;&nbsp; 5.648% | 3392978 | &nbsp;&nbsp; 3384495 |
| Oryx Midstream Services Permian Basin LLC<sup>(b),(s)</sup>  | Oryx Midstream Services Permian Basin LLC<sup>(b),(s)</sup>  | Oryx Midstream Services Permian Basin LLC<sup>(b),(s)</sup>  | Oryx Midstream Services Permian Basin LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>10/05/2028<br>| &nbsp;&nbsp; 5.923% | 1970514 | &nbsp;&nbsp; 1970022 |
| WhiteWater DBR Holdco LLC<sup>(b),(s)</sup>  | WhiteWater DBR Holdco LLC<sup>(b),(s)</sup>  | WhiteWater DBR Holdco LLC<sup>(b),(s)</sup>  | WhiteWater DBR Holdco LLC<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 2.250% <br>03/03/2031<br>| &nbsp;&nbsp; 5.938% | 1434528 | &nbsp;&nbsp; 1437756 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **13320925** |
| **Natural Gas 0.0%** | **Natural Gas 0.0%** | **Natural Gas 0.0%** | **Natural Gas 0.0%** |
| AL GCX Fund VIII Holdings LLC<sup>(b),(s)</sup>  | AL GCX Fund VIII Holdings LLC<sup>(b),(s)</sup>  | AL GCX Fund VIII Holdings LLC<sup>(b),(s)</sup>  | AL GCX Fund VIII Holdings LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>01/30/2032<br>| &nbsp;&nbsp; 5.673% | 146916 | &nbsp;&nbsp; 146806 |
| **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** | **Oil Field Services 0.0%** |
| Lealand Finance Co. BV<sup>(b),(s)</sup>  | Lealand Finance Co. BV<sup>(b),(s)</sup>  | Lealand Finance Co. BV<sup>(b),(s)</sup>  | Lealand Finance Co. BV<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>06/30/2027<br>| &nbsp;&nbsp; 6.787% | 8649 | &nbsp;&nbsp; 7060 |
| 1-month Term SOFR + 1.000% <br>12/30/2027<br>| &nbsp;&nbsp; 4.787% | 132899 | &nbsp;&nbsp; 108977 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **116037** |
| **Other Financial Institutions 0.4%** | **Other Financial Institutions 0.4%** | **Other Financial Institutions 0.4%** | **Other Financial Institutions 0.4%** |
| 19th Holdings Golf LLC<sup>(b),(s)</sup>  | 19th Holdings Golf LLC<sup>(b),(s)</sup>  | 19th Holdings Golf LLC<sup>(b),(s)</sup>  | 19th Holdings Golf LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>02/07/2029<br>| &nbsp;&nbsp; 7.023% | 1820088 | &nbsp;&nbsp; 1812134 |
| A-AG US GSI Bidco, Inc.<sup>(b),(c),(s)</sup>  | A-AG US GSI Bidco, Inc.<sup>(b),(c),(s)</sup>  | A-AG US GSI Bidco, Inc.<sup>(b),(c),(s)</sup>  | A-AG US GSI Bidco, Inc.<sup>(b),(c),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 5.000% <br>10/31/2031<br>| &nbsp;&nbsp; 8.672% | 1449315 | &nbsp;&nbsp; 1443880 |
| Acuren Delaware Holdco, Inc.<sup>(b),(s)</sup>  | Acuren Delaware Holdco, Inc.<sup>(b),(s)</sup>  | Acuren Delaware Holdco, Inc.<sup>(b),(s)</sup>  | Acuren Delaware Holdco, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>07/30/2031<br>| &nbsp;&nbsp; 6.423% | 2420257 | &nbsp;&nbsp; 2420475 |
| Apex Group Treasury LLC<sup>(b),(s)</sup>  | Apex Group Treasury LLC<sup>(b),(s)</sup>  | Apex Group Treasury LLC<sup>(b),(s)</sup>  | Apex Group Treasury LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>02/27/2032<br>| &nbsp;&nbsp; 7.166% | 2117363 | &nbsp;&nbsp; 1873866 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| BCP VI Summit Holdings LP<sup>(b),(s),(t)</sup>  | BCP VI Summit Holdings LP<sup>(b),(s),(t)</sup>  | BCP VI Summit Holdings LP<sup>(b),(s),(t)</sup>  | BCP VI Summit Holdings LP<sup>(b),(s),(t)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>01/30/2032<br>| &nbsp;&nbsp; 6.671% | 2441485 | &nbsp;&nbsp; 2447589 |
| Chrysaor Bidco SARL<sup>(b),(s)</sup>  | Chrysaor Bidco SARL<sup>(b),(s)</sup>  | Chrysaor Bidco SARL<sup>(b),(s)</sup>  | Chrysaor Bidco SARL<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 3.250% <br>10/30/2031<br>| &nbsp;&nbsp; 6.900% | 836946 | &nbsp;&nbsp; 833808 |
| Citco Funding LLC<sup>(b),(s)</sup>  | Citco Funding LLC<sup>(b),(s)</sup>  | Citco Funding LLC<sup>(b),(s)</sup>  | Citco Funding LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.000% <br>01/30/2033<br>| &nbsp;&nbsp; 5.667% | 892603 | &nbsp;&nbsp; 881222 |
| Emerald 2 Ltd.<sup>(b),(s)</sup>  | Emerald 2 Ltd.<sup>(b),(s)</sup>  | Emerald 2 Ltd.<sup>(b),(s)</sup>  | Emerald 2 Ltd.<sup>(b),(s)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| 3-month Term SOFR + 3.250% <br>01/12/2032<br>| &nbsp;&nbsp; 6.922% | 898284 | &nbsp;&nbsp; 894170 |
| EP Wealth Advisors LLC<sup>(b),(s)</sup>  | EP Wealth Advisors LLC<sup>(b),(s)</sup>  | EP Wealth Advisors LLC<sup>(b),(s)</sup>  | EP Wealth Advisors LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>10/18/2032<br>| &nbsp;&nbsp; 6.672% | 1000000 | &nbsp;&nbsp; 991250 |
| FinCo I LLC<sup>(b),(s)</sup>  | FinCo I LLC<sup>(b),(s)</sup>  | FinCo I LLC<sup>(b),(s)</sup>  | FinCo I LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 1.750% <br>06/27/2029<br>| &nbsp;&nbsp; 5.423% | 924705 | &nbsp;&nbsp; 912379 |
| Hunter Douglas Holding BV<sup>(b),(s)</sup>  | Hunter Douglas Holding BV<sup>(b),(s)</sup>  | Hunter Douglas Holding BV<sup>(b),(s)</sup>  | Hunter Douglas Holding BV<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 3.000% <br>01/17/2032<br>| &nbsp;&nbsp; 6.672% | 2383109 | &nbsp;&nbsp; 2380630 |
| Kestra Advisor Services Holdings A, Inc.<sup>(b),(s),(t)</sup>  | Kestra Advisor Services Holdings A, Inc.<sup>(b),(s),(t)</sup>  | Kestra Advisor Services Holdings A, Inc.<sup>(b),(s),(t)</sup>  | Kestra Advisor Services Holdings A, Inc.<sup>(b),(s),(t)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>03/22/2031<br>| &nbsp;&nbsp; 6.673% | 1000000 | &nbsp;&nbsp; 982030 |
| Mariner Wealth Advisers LLC<sup>(b),(s)</sup>  | Mariner Wealth Advisers LLC<sup>(b),(s)</sup>  | Mariner Wealth Advisers LLC<sup>(b),(s)</sup>  | Mariner Wealth Advisers LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.250% <br>12/31/2030<br>| &nbsp;&nbsp; 5.936% | 869770 | &nbsp;&nbsp; 862629 |
| Mermaid Bidco, Inc.<sup>(b),(s)</sup>  | Mermaid Bidco, Inc.<sup>(b),(s)</sup>  | Mermaid Bidco, Inc.<sup>(b),(s)</sup>  | Mermaid Bidco, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.250% <br>07/03/2031<br>| &nbsp;&nbsp; 6.913% | 1947595 | &nbsp;&nbsp; 1852650 |
| Opal US LLC<sup>(b),(s)</sup>  | Opal US LLC<sup>(b),(s)</sup>  | Opal US LLC<sup>(b),(s)</sup>  | Opal US LLC<sup>(b),(s)</sup>  |
| Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan | Tranche B4 Term Loan |
| 3-month Term SOFR + 3.000% <br>04/28/2032<br>| &nbsp;&nbsp; 6.686% | 2689877 | &nbsp;&nbsp; 2685842 |
| Trans Union LLC<sup>(b),(s)</sup>  | Trans Union LLC<sup>(b),(s)</sup>  | Trans Union LLC<sup>(b),(s)</sup>  | Trans Union LLC<sup>(b),(s)</sup>  |
| Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan | Tranche B9 Term Loan |
| 1-month Term SOFR + 1.750% <br>06/24/2031<br>| &nbsp;&nbsp; 5.423% | 909711 | &nbsp;&nbsp; 900732 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **24175286** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Other Industry 0.4%** | **Other Industry 0.4%** | **Other Industry 0.4%** | **Other Industry 0.4%** |
| Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  | Aramark Intermediate HoldCo Corp.<sup>(b),(s)</sup>  |
| Tranche B10 Term Loan | Tranche B10 Term Loan | Tranche B10 Term Loan | Tranche B10 Term Loan |
| 1-month Term SOFR + 1.750% <br>06/22/2030<br>| &nbsp;&nbsp; 5.423% | 942499 | &nbsp;&nbsp; 943282 |
| Artera Services LLC<sup>(b),(s)</sup>  | Artera Services LLC<sup>(b),(s)</sup>  | Artera Services LLC<sup>(b),(s)</sup>  | Artera Services LLC<sup>(b),(s)</sup>  |
| Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan | Tranche C 1st Lien Term Loan |
| 3-month Term SOFR + 4.500% <br>02/15/2031<br>| &nbsp;&nbsp; 8.172% | 1233150 | &nbsp;&nbsp; 1006177 |
| Bach Finance Ltd.<sup>(b),(s)</sup>  | Bach Finance Ltd.<sup>(b),(s)</sup>  | Bach Finance Ltd.<sup>(b),(s)</sup>  | Bach Finance Ltd.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.250% <br>01/09/2032<br>| &nbsp;&nbsp; 5.921% | 755046 | &nbsp;&nbsp; 748439 |
| BradyPLUS Holdings LLC<sup>(b),(s)</sup>  | BradyPLUS Holdings LLC<sup>(b),(s)</sup>  | BradyPLUS Holdings LLC<sup>(b),(s)</sup>  | BradyPLUS Holdings LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.500% <br>12/29/2032<br>| &nbsp;&nbsp; 7.190% | 1772698 | &nbsp;&nbsp; 1756087 |
| Brand Industrial Services, Inc.<sup>(b),(s)</sup>  | Brand Industrial Services, Inc.<sup>(b),(s)</sup>  | Brand Industrial Services, Inc.<sup>(b),(s)</sup>  | Brand Industrial Services, Inc.<sup>(b),(s)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 3-month Term SOFR + 4.500% <br>Floor 0.500% <br>08/01/2030<br>| &nbsp;&nbsp; 8.164% | 141030 | &nbsp;&nbsp; 120228 |
| Catawba Nation Gaming Authority<sup>(b),(s)</sup>  | Catawba Nation Gaming Authority<sup>(b),(s)</sup>  | Catawba Nation Gaming Authority<sup>(b),(s)</sup>  | Catawba Nation Gaming Authority<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.750% <br>03/29/2032<br>| &nbsp;&nbsp; 8.417% | 3061756 | &nbsp;&nbsp; 3115337 |
| Chariot Buyer LLC<sup>(b),(s)</sup>  | Chariot Buyer LLC<sup>(b),(s)</sup>  | Chariot Buyer LLC<sup>(b),(s)</sup>  | Chariot Buyer LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.750% <br>09/08/2032<br>| &nbsp;&nbsp; 6.423% | 2563101 | &nbsp;&nbsp; 2552618 |
| Grant Thornton Advisors LLC<sup>(b),(s)</sup>  | Grant Thornton Advisors LLC<sup>(b),(s)</sup>  | Grant Thornton Advisors LLC<sup>(b),(s)</sup>  | Grant Thornton Advisors LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>06/02/2031<br>| &nbsp;&nbsp; 6.423% | 1524214 | &nbsp;&nbsp; 1410980 |
| Hillman Group, Inc. (The)<sup>(b),(s)</sup>  | Hillman Group, Inc. (The)<sup>(b),(s)</sup>  | Hillman Group, Inc. (The)<sup>(b),(s)</sup>  | Hillman Group, Inc. (The)<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>Floor 0.500% <br>07/14/2028<br>| &nbsp;&nbsp; 5.677% | 1339309 | &nbsp;&nbsp; 1337153 |
| LSF12 Helix Parent LLC<sup>(b),(s)</sup>  | LSF12 Helix Parent LLC<sup>(b),(s)</sup>  | LSF12 Helix Parent LLC<sup>(b),(s)</sup>  | LSF12 Helix Parent LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.500% <br>02/10/2033<br>| &nbsp;&nbsp; 7.173% | 1937747 | &nbsp;&nbsp; 1935441 |
| MRP Buyer LLC<sup>(b),(s),(t),(v)</sup>  | MRP Buyer LLC<sup>(b),(s),(t),(v)</sup>  | MRP Buyer LLC<sup>(b),(s),(t),(v)</sup>  | MRP Buyer LLC<sup>(b),(s),(t),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 3.250% <br>06/04/2032<br>| &nbsp;&nbsp; 5.461% | 293960 | &nbsp;&nbsp; 293716 |
| MRP Buyer LLC<sup>(b),(s)</sup>  | MRP Buyer LLC<sup>(b),(s)</sup>  | MRP Buyer LLC<sup>(b),(s)</sup>  | MRP Buyer LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.250% <br>06/04/2032<br>| &nbsp;&nbsp; 6.922% | 2307391 | &nbsp;&nbsp; 2305476 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Pinnacle Buyer LLC<sup>(b),(s),(t),(v)</sup>  | Pinnacle Buyer LLC<sup>(b),(s),(t),(v)</sup>  | Pinnacle Buyer LLC<sup>(b),(s),(t),(v)</sup>  | Pinnacle Buyer LLC<sup>(b),(s),(t),(v)</sup>  |
| Tranche B Delayed Draw Term Loan | Tranche B Delayed Draw Term Loan | Tranche B Delayed Draw Term Loan | Tranche B Delayed Draw Term Loan |
| 3-month Term SOFR + 1.250% <br>10/01/2032<br>| &nbsp;&nbsp; 1.250% | 197581 | &nbsp;&nbsp; 197664 |
| Pinnacle Buyer LLC<sup>(b),(s)</sup>  | Pinnacle Buyer LLC<sup>(b),(s)</sup>  | Pinnacle Buyer LLC<sup>(b),(s)</sup>  | Pinnacle Buyer LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.500% <br>10/01/2032<br>| &nbsp;&nbsp; 6.161% | 1024851 | &nbsp;&nbsp; 1025281 |
| Salas O'Brien, Inc.<sup>(b),(s),(t),(v)</sup>  | Salas O'Brien, Inc.<sup>(b),(s),(t),(v)</sup>  | Salas O'Brien, Inc.<sup>(b),(s),(t),(v)</sup>  | Salas O'Brien, Inc.<sup>(b),(s),(t),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 0.000% <br>01/22/2033<br>|  | 59297 | &nbsp;&nbsp; 59075 |
| Salas O'Brien, Inc.<sup>(b),(s)</sup>  | Salas O'Brien, Inc.<sup>(b),(s)</sup>  | Salas O'Brien, Inc.<sup>(b),(s)</sup>  | Salas O'Brien, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>01/31/2033<br>| &nbsp;&nbsp; 6.423% | 459551 | &nbsp;&nbsp; 457827 |
| WireCo WorldGroup, Inc.<sup>(b),(s)</sup>  | WireCo WorldGroup, Inc.<sup>(b),(s)</sup>  | WireCo WorldGroup, Inc.<sup>(b),(s)</sup>  | WireCo WorldGroup, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.750% <br>11/13/2028<br>| &nbsp;&nbsp; 7.419% | 2362814 | &nbsp;&nbsp; 2351000 |
| Xplor T1 LLC<sup>(b),(s)</sup>  | Xplor T1 LLC<sup>(b),(s)</sup>  | Xplor T1 LLC<sup>(b),(s)</sup>  | Xplor T1 LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>12/01/2032<br>| &nbsp;&nbsp; 7.292% | 1843910 | &nbsp;&nbsp; 1659519 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **23275300** |
| **Other REIT 0.0%** | **Other REIT 0.0%** | **Other REIT 0.0%** | **Other REIT 0.0%** |
| OEG Borrower LLC<sup>(b),(s)</sup>  | OEG Borrower LLC<sup>(b),(s)</sup>  | OEG Borrower LLC<sup>(b),(s)</sup>  | OEG Borrower LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.500% <br>06/30/2031<br>| &nbsp;&nbsp; 7.201% | 412643 | &nbsp;&nbsp; 413501 |
| **Packaging 0.3%** | **Packaging 0.3%** | **Packaging 0.3%** | **Packaging 0.3%** |
| Charter Next Generation, Inc.<sup>(b),(s)</sup>  | Charter Next Generation, Inc.<sup>(b),(s)</sup>  | Charter Next Generation, Inc.<sup>(b),(s)</sup>  | Charter Next Generation, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.500% <br>11/29/2030<br>| &nbsp;&nbsp; 6.171% | 3562371 | &nbsp;&nbsp; 3557917 |
| Clydesdale Acquisition Holdings, Inc.<sup>(b),(s)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(s)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(s)</sup>  | Clydesdale Acquisition Holdings, Inc.<sup>(b),(s)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 1-month Term SOFR + 3.175% <br>Floor 0.500% <br>04/13/2029<br>| &nbsp;&nbsp; 6.848% | 3205621 | &nbsp;&nbsp; 3176835 |
| 1-month Term SOFR + 3.250% <br>04/01/2032<br>| &nbsp;&nbsp; 6.923% | 688046 | &nbsp;&nbsp; 680429 |
| Flint Group Packaging Inks North America Holdings LLC<sup>(b),(s)</sup>  | Flint Group Packaging Inks North America Holdings LLC<sup>(b),(s)</sup>  | Flint Group Packaging Inks North America Holdings LLC<sup>(b),(s)</sup>  | Flint Group Packaging Inks North America Holdings LLC<sup>(b),(s)</sup>  |
| Tranche B 2nd Lien Term Loan | Tranche B 2nd Lien Term Loan | Tranche B 2nd Lien Term Loan | Tranche B 2nd Lien Term Loan |
| 3-month Term SOFR + 0.100% <br>12/31/2027<br>| &nbsp;&nbsp; 4.033% | 1078987 | &nbsp;&nbsp; 47206 |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.250% <br>09/30/2028<br>| &nbsp;&nbsp; 8.183% | 1290921 | &nbsp;&nbsp; 1227989 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| LC Ahab US Bidco LLC<sup>(b),(s)</sup>  | LC Ahab US Bidco LLC<sup>(b),(s)</sup>  | LC Ahab US Bidco LLC<sup>(b),(s)</sup>  | LC Ahab US Bidco LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>05/01/2031<br>| &nbsp;&nbsp; 6.173% | 2476566 | &nbsp;&nbsp; 2470375 |
| Owens-Brockway Glass Container, Inc.<sup>(b),(s)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(s)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(s)</sup>  | Owens-Brockway Glass Container, Inc.<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 3.000% <br>09/30/2032<br>| &nbsp;&nbsp; 6.673% | 1139145 | &nbsp;&nbsp; 1139145 |
| ProAmpac PG Borrower LLC<sup>(b),(s),(t)</sup>  | ProAmpac PG Borrower LLC<sup>(b),(s),(t)</sup>  | ProAmpac PG Borrower LLC<sup>(b),(s),(t)</sup>  | ProAmpac PG Borrower LLC<sup>(b),(s),(t)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.000% <br>02/18/2033<br>|  | 2195939 | &nbsp;&nbsp; 2165745 |
| Tosca Services LLC<sup>(b),(s)</sup>  | Tosca Services LLC<sup>(b),(s)</sup>  | Tosca Services LLC<sup>(b),(s)</sup>  | Tosca Services LLC<sup>(b),(s)</sup>  |
| Tranche A Term Loan | Tranche A Term Loan | Tranche A Term Loan | Tranche A Term Loan |
| 1-month Term SOFR + 5.500% <br>11/30/2028<br>| &nbsp;&nbsp; 9.173% | 789408 | &nbsp;&nbsp; 796418 |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.500% <br>11/30/2028<br>| &nbsp;&nbsp; 5.273% | 1917234 | &nbsp;&nbsp; 1779825 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **17041884** |
| **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** | **Paper 0.0%** |
| Verde Purchaser LLC<sup>(b),(s)</sup>  | Verde Purchaser LLC<sup>(b),(s)</sup>  | Verde Purchaser LLC<sup>(b),(s)</sup>  | Verde Purchaser LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.000% <br>11/30/2030<br>| &nbsp;&nbsp; 7.672% | 2093663 | &nbsp;&nbsp; 2073773 |
| **Pharmaceuticals 0.1%** | **Pharmaceuticals 0.1%** | **Pharmaceuticals 0.1%** | **Pharmaceuticals 0.1%** |
| Alkermes, Inc.<sup>(b),(s)</sup>  | Alkermes, Inc.<sup>(b),(s)</sup>  | Alkermes, Inc.<sup>(b),(s)</sup>  | Alkermes, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.750% <br>08/12/2031<br>| &nbsp;&nbsp; 6.423% | 453493 | &nbsp;&nbsp; 452359 |
| Amneal Pharmaceuticals LLC<sup>(b),(s)</sup>  | Amneal Pharmaceuticals LLC<sup>(b),(s)</sup>  | Amneal Pharmaceuticals LLC<sup>(b),(s)</sup>  | Amneal Pharmaceuticals LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>08/01/2032<br>| &nbsp;&nbsp; 6.673% | 1475149 | &nbsp;&nbsp; 1474529 |
| Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(s)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(s)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(s)</sup>  | Dechra Pharmaceuticals Holdings Ltd.<sup>(b),(s)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| 6-month Term SOFR + 2.750% <br>01/27/2032<br>| &nbsp;&nbsp; 6.387% | 3713432 | &nbsp;&nbsp; 3709571 |
| Elanco Animal Health, Inc.<sup>(b),(s)</sup>  | Elanco Animal Health, Inc.<sup>(b),(s)</sup>  | Elanco Animal Health, Inc.<sup>(b),(s)</sup>  | Elanco Animal Health, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 1.750% <br>10/31/2032<br>| &nbsp;&nbsp; 5.421% | 323341 | &nbsp;&nbsp; 323273 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **5959732** |
| **Property & Casualty 0.4%** | **Property & Casualty 0.4%** | **Property & Casualty 0.4%** | **Property & Casualty 0.4%** |
| Acrisure LLC<sup>(b),(s)</sup>  | Acrisure LLC<sup>(b),(s)</sup>  | Acrisure LLC<sup>(b),(s)</sup>  | Acrisure LLC<sup>(b),(s)</sup>  |
| Tranche B6 1st Lien Term Loan | Tranche B6 1st Lien Term Loan | Tranche B6 1st Lien Term Loan | Tranche B6 1st Lien Term Loan |
| 1-month Term SOFR + 3.000% <br>11/06/2030<br>| &nbsp;&nbsp; 6.673% | 1388448 | &nbsp;&nbsp; 1342282 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Alliant Holdings Intermediate LLC<sup>(b),(s)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(s)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(s)</sup>  | Alliant Holdings Intermediate LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>09/19/2031<br>| &nbsp;&nbsp; 6.173% | 3510481 | &nbsp;&nbsp; 3425141 |
| AmWINS Group, Inc.<sup>(b),(s)</sup>  | AmWINS Group, Inc.<sup>(b),(s)</sup>  | AmWINS Group, Inc.<sup>(b),(s)</sup>  | AmWINS Group, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>01/30/2032<br>| &nbsp;&nbsp; 5.673% | 990000 | &nbsp;&nbsp; 978526 |
| Broadstreet Partners Group LLC<sup>(b),(s)</sup>  | Broadstreet Partners Group LLC<sup>(b),(s)</sup>  | Broadstreet Partners Group LLC<sup>(b),(s)</sup>  | Broadstreet Partners Group LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.500% <br>06/13/2031<br>| &nbsp;&nbsp; 6.173% | 3670337 | &nbsp;&nbsp; 3504805 |
| CRC Insurance Group LLC<sup>(b),(s)</sup>  | CRC Insurance Group LLC<sup>(b),(s)</sup>  | CRC Insurance Group LLC<sup>(b),(s)</sup>  | CRC Insurance Group LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.750% <br>05/06/2031<br>| &nbsp;&nbsp; 6.422% | 2646041 | &nbsp;&nbsp; 2592459 |
| Hub International Ltd.<sup>(b),(s)</sup>  | Hub International Ltd.<sup>(b),(s)</sup>  | Hub International Ltd.<sup>(b),(s)</sup>  | Hub International Ltd.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.250% <br>06/20/2030<br>| &nbsp;&nbsp; 5.920% | 3545249 | &nbsp;&nbsp; 3502422 |
| Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(s)</sup>  | Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(s)</sup>  | Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(s)</sup>  | Sedgwick Claims Management Services, Inc./Lightning Cayman Merger Sub <br> Ltd.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>07/31/2031<br>| &nbsp;&nbsp; 6.173% | 3387062 | &nbsp;&nbsp; 3273595 |
| USI, Inc.<sup>(b),(s)</sup>  | USI, Inc.<sup>(b),(s)</sup>  | USI, Inc.<sup>(b),(s)</sup>  | USI, Inc.<sup>(b),(s)</sup>  |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 3-month Term SOFR + 2.250% <br>09/29/2030<br>| &nbsp;&nbsp; 5.922% | 1315552 | &nbsp;&nbsp; 1307330 |
| Tranche D Term Loan | Tranche D Term Loan | Tranche D Term Loan | Tranche D Term Loan |
| 3-month Term SOFR + 2.250% <br>11/21/2029<br>| &nbsp;&nbsp; 5.922% | 1847446 | &nbsp;&nbsp; 1838209 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **21764769** |
| **Restaurants 0.2%** | **Restaurants 0.2%** | **Restaurants 0.2%** | **Restaurants 0.2%** |
| Dave & Buster's, Inc.<sup>(b),(s)</sup>  | Dave & Buster's, Inc.<sup>(b),(s)</sup>  | Dave & Buster's, Inc.<sup>(b),(s)</sup>  | Dave & Buster's, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 3.250% <br>06/29/2029<br>| &nbsp;&nbsp; 6.938% | 1279743 | &nbsp;&nbsp; 1182482 |
| 3-month Term SOFR + 3.250% <br>11/01/2031<br>| &nbsp;&nbsp; 6.938% | 1269428 | &nbsp;&nbsp; 1132965 |
| Flynn Restaurant Group LP<sup>(b),(s)</sup>  | Flynn Restaurant Group LP<sup>(b),(s)</sup>  | Flynn Restaurant Group LP<sup>(b),(s)</sup>  | Flynn Restaurant Group LP<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.750% <br>01/28/2032<br>| &nbsp;&nbsp; 7.423% | 2767796 | &nbsp;&nbsp; 2717643 |
| IRB Holding Corp.<sup>(b),(s)</sup>  | IRB Holding Corp.<sup>(b),(s)</sup>  | IRB Holding Corp.<sup>(b),(s)</sup>  | IRB Holding Corp.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.500% <br>12/15/2030<br>| &nbsp;&nbsp; 6.173% | 2632567 | &nbsp;&nbsp; 2621326 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Whatabrands LLC<sup>(b),(s)</sup>  | Whatabrands LLC<sup>(b),(s)</sup>  | Whatabrands LLC<sup>(b),(s)</sup>  | Whatabrands LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.500% <br>08/03/2028<br>| &nbsp;&nbsp; 6.173% | 1650746 | &nbsp;&nbsp; 1646207 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **9300623** |
| **Retailers 0.3%** | **Retailers 0.3%** | **Retailers 0.3%** | **Retailers 0.3%** |
| Beach Acquisition Bidco LLC<sup>(b),(s)</sup>  | Beach Acquisition Bidco LLC<sup>(b),(s)</sup>  | Beach Acquisition Bidco LLC<sup>(b),(s)</sup>  | Beach Acquisition Bidco LLC<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 3.250% <br>09/12/2032<br>| &nbsp;&nbsp; 6.922% | 2000000 | &nbsp;&nbsp; 2002500 |
| Belron Finance 2019 LLC<sup>(b),(s)</sup>  | Belron Finance 2019 LLC<sup>(b),(s)</sup>  | Belron Finance 2019 LLC<sup>(b),(s)</sup>  | Belron Finance 2019 LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.000% <br>10/16/2031<br>| &nbsp;&nbsp; 5.660% | 2489725 | &nbsp;&nbsp; 2488679 |
| Great Outdoors Group LLC<sup>(b),(s)</sup>  | Great Outdoors Group LLC<sup>(b),(s)</sup>  | Great Outdoors Group LLC<sup>(b),(s)</sup>  | Great Outdoors Group LLC<sup>(b),(s)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>01/23/2032<br>| &nbsp;&nbsp; 6.923% | 3709003 | &nbsp;&nbsp; 3699731 |
| Harbor Freight Tools USA, Inc.<sup>(b),(s)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(s)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(s)</sup>  | Harbor Freight Tools USA, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>06/11/2031<br>| &nbsp;&nbsp; 5.923% | 1391727 | &nbsp;&nbsp; 1368861 |
| LS Group Opco Acquisition LLC/PropCo<sup>(b),(s)</sup>  | LS Group Opco Acquisition LLC/PropCo<sup>(b),(s)</sup>  | LS Group Opco Acquisition LLC/PropCo<sup>(b),(s)</sup>  | LS Group Opco Acquisition LLC/PropCo<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 2.500% <br>04/23/2031<br>| &nbsp;&nbsp; 6.173% | 1546105 | &nbsp;&nbsp; 1544173 |
| Mavis Tire Express Services Topco Corp.<sup>(b),(s)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(s)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(s)</sup>  | Mavis Tire Express Services Topco Corp.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.000% <br>05/04/2028<br>| &nbsp;&nbsp; 6.673% | 2765916 | &nbsp;&nbsp; 2758448 |
| PetSmart LLC<sup>(b),(s)</sup>  | PetSmart LLC<sup>(b),(s)</sup>  | PetSmart LLC<sup>(b),(s)</sup>  | PetSmart LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 4.000% <br>08/18/2032<br>| &nbsp;&nbsp; 7.677% | 3194351 | &nbsp;&nbsp; 3173045 |
| Restoration Hardware, Inc.<sup>(b),(s)</sup>  | Restoration Hardware, Inc.<sup>(b),(s)</sup>  | Restoration Hardware, Inc.<sup>(b),(s)</sup>  | Restoration Hardware, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>Floor 0.500% <br>10/20/2028<br>| &nbsp;&nbsp; 6.287% | 1883109 | &nbsp;&nbsp; 1848271 |
| 1-month Term SOFR + 3.250% <br>Floor 0.500% <br>10/20/2028<br>| &nbsp;&nbsp; 7.023% | 969925 | &nbsp;&nbsp; 964212 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **19847920** |
| **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** | **Supermarkets 0.0%** |
| ACP Tara Holdings, Inc.<sup>(b),(s)</sup>  | ACP Tara Holdings, Inc.<sup>(b),(s)</sup>  | ACP Tara Holdings, Inc.<sup>(b),(s)</sup>  | ACP Tara Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.250% <br>12/15/2032<br>| &nbsp;&nbsp; 6.973% | 1310436 | &nbsp;&nbsp; 1312074 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Technology 2.1%** | **Technology 2.1%** | **Technology 2.1%** | **Technology 2.1%** |
| Access CIG LLC<sup>(b),(s)</sup>  | Access CIG LLC<sup>(b),(s)</sup>  | Access CIG LLC<sup>(b),(s)</sup>  | Access CIG LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 4.000% <br>08/19/2030<br>| &nbsp;&nbsp; 7.673% | 3315945 | &nbsp;&nbsp; 3014194 |
| Adeia, Inc.<sup>(b),(c),(s)</sup>  | Adeia, Inc.<sup>(b),(c),(s)</sup>  | Adeia, Inc.<sup>(b),(c),(s)</sup>  | Adeia, Inc.<sup>(b),(c),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.500% <br>06/08/2028<br>| &nbsp;&nbsp; 6.173% | 2151572 | &nbsp;&nbsp; 2140814 |
| Ahead DB Holdings LLC<sup>(b),(s)</sup>  | Ahead DB Holdings LLC<sup>(b),(s)</sup>  | Ahead DB Holdings LLC<sup>(b),(s)</sup>  | Ahead DB Holdings LLC<sup>(b),(s)</sup>  |
| Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan | Tranche B5 1st Lien Term Loan |
| 3-month Term SOFR + 2.500% <br>Floor 0.750% <br>02/01/2031<br>| &nbsp;&nbsp; 6.172% | 2969442 | &nbsp;&nbsp; 2884991 |
| Applied Systems, Inc.<sup>(b),(s),(t)</sup>  | Applied Systems, Inc.<sup>(b),(s),(t)</sup>  | Applied Systems, Inc.<sup>(b),(s),(t)</sup>  | Applied Systems, Inc.<sup>(b),(s),(t)</sup>  |
| Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan | Tranche B1 1st Lien Term Loan |
| 1-month Term SOFR + 2.250% <br>02/24/2031<br>| &nbsp;&nbsp; 5.924% | 1989127 | &nbsp;&nbsp; 1946580 |
| Ascend Learning LLC<sup>(b),(s)</sup>  | Ascend Learning LLC<sup>(b),(s)</sup>  | Ascend Learning LLC<sup>(b),(s)</sup>  | Ascend Learning LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>Floor 0.500% <br>12/11/2028<br>| &nbsp;&nbsp; 6.673% | 3866373 | &nbsp;&nbsp; 3673055 |
| athenahealth Group, Inc.<sup>(b),(s)</sup>  | athenahealth Group, Inc.<sup>(b),(s)</sup>  | athenahealth Group, Inc.<sup>(b),(s)</sup>  | athenahealth Group, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>Floor 0.500% <br>02/15/2029<br>| &nbsp;&nbsp; 6.423% | 3561352 | &nbsp;&nbsp; 3463415 |
| Atlas CC Acquisition Corp.<sup>(b),(s)</sup>  | Atlas CC Acquisition Corp.<sup>(b),(s)</sup>  | Atlas CC Acquisition Corp.<sup>(b),(s)</sup>  | Atlas CC Acquisition Corp.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 4.250% <br>05/25/2029<br>| &nbsp;&nbsp; 8.182% | 1659822 | &nbsp;&nbsp; 317441 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 3-month Term SOFR + 1.000% <br>05/25/2029<br>| &nbsp;&nbsp; 0.000% | 240885 | &nbsp;&nbsp; 46069 |
| Avaya, Inc.<sup>(b),(s)</sup>  | Avaya, Inc.<sup>(b),(s)</sup>  | Avaya, Inc.<sup>(b),(s)</sup>  | Avaya, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 7.500% <br>Floor 1.000% <br>08/01/2028<br>| &nbsp;&nbsp; 11.173% | 1279279 | &nbsp;&nbsp; 1162544 |
| Barracuda Parent LLC<sup>(b),(s)</sup>  | Barracuda Parent LLC<sup>(b),(s)</sup>  | Barracuda Parent LLC<sup>(b),(s)</sup>  | Barracuda Parent LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 4.500% <br>Floor 0.500% <br>08/15/2029<br>| &nbsp;&nbsp; 8.167% | 783212 | &nbsp;&nbsp; 516920 |
| BCPE Pequod Buyer, Inc.<sup>(b),(s)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(s)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(s)</sup>  | BCPE Pequod Buyer, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>11/25/2031<br>| &nbsp;&nbsp; 6.417% | 1957037 | &nbsp;&nbsp; 1889774 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Boxer Parent Co., Inc.<sup>(b),(s)</sup>  | Boxer Parent Co., Inc.<sup>(b),(s)</sup>  | Boxer Parent Co., Inc.<sup>(b),(s)</sup>  | Boxer Parent Co., Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>07/30/2031<br>| &nbsp;&nbsp; 6.673% | 3158766 | &nbsp;&nbsp; 2900316 |
| Calabrio, Inc.<sup>(b),(s)</sup>  | Calabrio, Inc.<sup>(b),(s)</sup>  | Calabrio, Inc.<sup>(b),(s)</sup>  | Calabrio, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.000% <br>11/26/2032<br>| &nbsp;&nbsp; 7.673% | 1230792 | &nbsp;&nbsp; 980535 |
| Central Parent LLC<sup>(b),(s)</sup>  | Central Parent LLC<sup>(b),(s)</sup>  | Central Parent LLC<sup>(b),(s)</sup>  | Central Parent LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.250% <br>07/06/2029<br>| &nbsp;&nbsp; 6.922% | 2562967 | &nbsp;&nbsp; 1601854 |
| Cloud Software Group, Inc.<sup>(b),(s)</sup>  | Cloud Software Group, Inc.<sup>(b),(s)</sup>  | Cloud Software Group, Inc.<sup>(b),(s)</sup>  | Cloud Software Group, Inc.<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 3-month Term SOFR + 3.250% <br>08/13/2032<br>| &nbsp;&nbsp; 6.922% | 1927525 | &nbsp;&nbsp; 1783924 |
| Cloud Software Group, Inc.<sup>(b),(s),(t)</sup>  | Cloud Software Group, Inc.<sup>(b),(s),(t)</sup>  | Cloud Software Group, Inc.<sup>(b),(s),(t)</sup>  | Cloud Software Group, Inc.<sup>(b),(s),(t)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 3-month Term SOFR + 3.250% <br>03/21/2031<br>| &nbsp;&nbsp; 6.922% | 2120814 | &nbsp;&nbsp; 1964934 |
| Cloudera, Inc.<sup>(b),(s)</sup>  | Cloudera, Inc.<sup>(b),(s)</sup>  | Cloudera, Inc.<sup>(b),(s)</sup>  | Cloudera, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.750% <br>Floor 0.500% <br>10/08/2028<br>| &nbsp;&nbsp; 7.523% | 2608794 | &nbsp;&nbsp; 2292947 |
| Coherent Corp.<sup>(b),(s)</sup>  | Coherent Corp.<sup>(b),(s)</sup>  | Coherent Corp.<sup>(b),(s)</sup>  | Coherent Corp.<sup>(b),(s)</sup>  |
| Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan | Tranche B3 Term Loan |
| 1-month Term SOFR + 1.750% <br>07/02/2029<br>| &nbsp;&nbsp; 5.423% | 803307 | &nbsp;&nbsp; 803307 |
| CoreLogic, Inc.<sup>(b),(s)</sup>  | CoreLogic, Inc.<sup>(b),(s)</sup>  | CoreLogic, Inc.<sup>(b),(s)</sup>  | CoreLogic, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.500% <br>Floor 0.500% <br>06/02/2028<br>| &nbsp;&nbsp; 7.287% | 3244487 | &nbsp;&nbsp; 3074151 |
| Cornerstone OnDemand, Inc.<sup>(b),(s)</sup>  | Cornerstone OnDemand, Inc.<sup>(b),(s)</sup>  | Cornerstone OnDemand, Inc.<sup>(b),(s)</sup>  | Cornerstone OnDemand, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.750% <br>Floor 0.500% <br>10/16/2028<br>| &nbsp;&nbsp; 7.537% | 2686047 | &nbsp;&nbsp; 2091759 |
| Cotiviti, Inc.<sup>(b),(s)</sup>  | Cotiviti, Inc.<sup>(b),(s)</sup>  | Cotiviti, Inc.<sup>(b),(s)</sup>  | Cotiviti, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>05/01/2031<br>| &nbsp;&nbsp; 6.421% | 3187462 | &nbsp;&nbsp; 2817908 |
| Darktrace Finco US LLC<sup>(b),(s)</sup>  | Darktrace Finco US LLC<sup>(b),(s)</sup>  | Darktrace Finco US LLC<sup>(b),(s)</sup>  | Darktrace Finco US LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.250% <br>10/09/2031<br>| &nbsp;&nbsp; 6.898% | 2813089 | &nbsp;&nbsp; 2665402 |
| Dayforce Bidco LLC<sup>(b),(s)</sup>  | Dayforce Bidco LLC<sup>(b),(s)</sup>  | Dayforce Bidco LLC<sup>(b),(s)</sup>  | Dayforce Bidco LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>02/04/2033<br>| &nbsp;&nbsp; 6.661% | 6043778 | &nbsp;&nbsp; 5555985 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| DS Admiral Bidco LLC<sup>(b),(s)</sup>  | DS Admiral Bidco LLC<sup>(b),(s)</sup>  | DS Admiral Bidco LLC<sup>(b),(s)</sup>  | DS Admiral Bidco LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.250% <br>06/26/2031<br>| &nbsp;&nbsp; 7.922% | 1911901 | &nbsp;&nbsp; 1737440 |
| Ellucian Holdings, Inc.<sup>(b),(s)</sup>  | Ellucian Holdings, Inc.<sup>(b),(s)</sup>  | Ellucian Holdings, Inc.<sup>(b),(s)</sup>  | Ellucian Holdings, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.500% <br>10/08/2029<br>| &nbsp;&nbsp; 6.173% | 3613920 | &nbsp;&nbsp; 3488734 |
| Flash Charm, Inc.<sup>(b),(s)</sup>  | Flash Charm, Inc.<sup>(b),(s)</sup>  | Flash Charm, Inc.<sup>(b),(s)</sup>  | Flash Charm, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.500% <br>Floor 0.750% <br>03/02/2028<br>| &nbsp;&nbsp; 7.160% | 677127 | &nbsp;&nbsp; 538316 |
| 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan | 2nd Lien Term Loan |
| 3-month Term SOFR + 6.750% <br>Floor 0.750% <br>03/02/2029<br>| &nbsp;&nbsp; 10.560% | 763548 | &nbsp;&nbsp; 534483 |
| Fortress Intermediate 3, Inc.<sup>(b),(c),(s)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(c),(s)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(c),(s)</sup>  | Fortress Intermediate 3, Inc.<sup>(b),(c),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 3.000% <br>06/27/2031<br>| &nbsp;&nbsp; 6.668% | 3372766 | &nbsp;&nbsp; 3271583 |
| Genesys Cloud Services Holdings I LLC<sup>(b),(s)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(s)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(s)</sup>  | Genesys Cloud Services Holdings I LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.500% <br>01/30/2032<br>| &nbsp;&nbsp; 6.173% | 3255208 | &nbsp;&nbsp; 2986653 |
| Icon Parent I, Inc.<sup>(b),(s)</sup>  | Icon Parent I, Inc.<sup>(b),(s)</sup>  | Icon Parent I, Inc.<sup>(b),(s)</sup>  | Icon Parent I, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.750% <br>11/13/2031<br>| &nbsp;&nbsp; 6.445% | 2245139 | &nbsp;&nbsp; 2121185 |
| Idemia Group SAS<sup>(b),(s)</sup>  | Idemia Group SAS<sup>(b),(s)</sup>  | Idemia Group SAS<sup>(b),(s)</sup>  | Idemia Group SAS<sup>(b),(s)</sup>  |
| Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan | Tranche B5 Term Loan |
| 3-month Term SOFR + 4.250% <br>Floor 0.750% <br>09/30/2028<br>| &nbsp;&nbsp; 7.922% | 3696529 | &nbsp;&nbsp; 3617978 |
| IGT Holding IV AB<sup>(b),(s),(t)</sup>  | IGT Holding IV AB<sup>(b),(s),(t)</sup>  | IGT Holding IV AB<sup>(b),(s),(t)</sup>  | IGT Holding IV AB<sup>(b),(s),(t)</sup>  |
| Tranche B7 Term Loan | Tranche B7 Term Loan | Tranche B7 Term Loan | Tranche B7 Term Loan |
| 3-month Term SOFR + 3.000% <br>09/01/2031<br>| &nbsp;&nbsp; 6.672% | 3384511 | &nbsp;&nbsp; 3291437 |
| ION Platform Finance US, Inc.<sup>(b),(s),(t)</sup>  | ION Platform Finance US, Inc.<sup>(b),(s),(t)</sup>  | ION Platform Finance US, Inc.<sup>(b),(s),(t)</sup>  | ION Platform Finance US, Inc.<sup>(b),(s),(t)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.750% <br>10/07/2032<br>| &nbsp;&nbsp; 7.422% | 3757652 | &nbsp;&nbsp; 3075413 |
| KnowBe4, Inc.<sup>(b),(s)</sup>  | KnowBe4, Inc.<sup>(b),(s)</sup>  | KnowBe4, Inc.<sup>(b),(s)</sup>  | KnowBe4, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 3.750% <br>07/23/2032<br>| &nbsp;&nbsp; 7.417% | 1537430 | &nbsp;&nbsp; 1322190 |
| Loyalty Ventures, Inc.<sup>(c),(e),(s)</sup>  | Loyalty Ventures, Inc.<sup>(c),(e),(s)</sup>  | Loyalty Ventures, Inc.<sup>(c),(e),(s)</sup>  | Loyalty Ventures, Inc.<sup>(c),(e),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 11/03/2027 | &nbsp;&nbsp; 0.000% | 1604304 | &nbsp;&nbsp; 128344 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| McAfee Corp.<sup>(b),(s)</sup>  | McAfee Corp.<sup>(b),(s)</sup>  | McAfee Corp.<sup>(b),(s)</sup>  | McAfee Corp.<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 3.000% <br>03/01/2029<br>| &nbsp;&nbsp; 6.673% | 3463362 | &nbsp;&nbsp; 3004466 |
| Mitchell International, Inc.<sup>(b),(s)</sup>  | Mitchell International, Inc.<sup>(b),(s)</sup>  | Mitchell International, Inc.<sup>(b),(s)</sup>  | Mitchell International, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.000% <br>06/17/2031<br>| &nbsp;&nbsp; 6.673% | 3898650 | &nbsp;&nbsp; 3584341 |
| Mitnick Corporate Purchaser, Inc.<sup>(b),(s)</sup>  | Mitnick Corporate Purchaser, Inc.<sup>(b),(s)</sup>  | Mitnick Corporate Purchaser, Inc.<sup>(b),(s)</sup>  | Mitnick Corporate Purchaser, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 4.750% <br>Floor 0.500% <br>05/02/2029<br>| &nbsp;&nbsp; 8.517% | 766339 | &nbsp;&nbsp; 394665 |
| Nielsen Consumer, Inc.<sup>(b),(s)</sup>  | Nielsen Consumer, Inc.<sup>(b),(s)</sup>  | Nielsen Consumer, Inc.<sup>(b),(s)</sup>  | Nielsen Consumer, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.250% <br>10/31/2030<br>| &nbsp;&nbsp; 5.923% | 4343419 | &nbsp;&nbsp; 4191399 |
| Peraton Corp.<sup>(b),(s)</sup>  | Peraton Corp.<sup>(b),(s)</sup>  | Peraton Corp.<sup>(b),(s)</sup>  | Peraton Corp.<sup>(b),(s)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 3.750% <br>Floor 0.750% <br>02/01/2028<br>| &nbsp;&nbsp; 7.517% | 2792633 | &nbsp;&nbsp; 2383344 |
| Ping Identity Holding Corp.<sup>(b),(s)</sup>  | Ping Identity Holding Corp.<sup>(b),(s)</sup>  | Ping Identity Holding Corp.<sup>(b),(s)</sup>  | Ping Identity Holding Corp.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>11/15/2032<br>| &nbsp;&nbsp; 6.410% | 1707812 | &nbsp;&nbsp; 1667251 |
| PointClickCare Technologies, Inc.<sup>(b),(s)</sup>  | PointClickCare Technologies, Inc.<sup>(b),(s)</sup>  | PointClickCare Technologies, Inc.<sup>(b),(s)</sup>  | PointClickCare Technologies, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>11/03/2031<br>| &nbsp;&nbsp; 6.422% | 2681525 | &nbsp;&nbsp; 2656399 |
| Project Boost Purchaser LLC<sup>(b),(s)</sup>  | Project Boost Purchaser LLC<sup>(b),(s)</sup>  | Project Boost Purchaser LLC<sup>(b),(s)</sup>  | Project Boost Purchaser LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.750% <br>07/16/2031<br>| &nbsp;&nbsp; 6.422% | 3449346 | &nbsp;&nbsp; 3281191 |
| Proofpoint, Inc.<sup>(b),(s)</sup>  | Proofpoint, Inc.<sup>(b),(s)</sup>  | Proofpoint, Inc.<sup>(b),(s)</sup>  | Proofpoint, Inc.<sup>(b),(s)</sup>  |
| Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan | Tranche B 1st Lien Term Loan |
| 3-month Term SOFR + 3.000% <br>08/31/2028<br>| &nbsp;&nbsp; 6.672% | 3732768 | &nbsp;&nbsp; 3567705 |
| Rackspace Finance LLC<sup>(b),(s)</sup>  | Rackspace Finance LLC<sup>(b),(s)</sup>  | Rackspace Finance LLC<sup>(b),(s)</sup>  | Rackspace Finance LLC<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 1-month Term SOFR + 2.750% <br>Floor 0.750% <br>05/15/2028<br>| &nbsp;&nbsp; 6.529% | 826765 | &nbsp;&nbsp; 338288 |
| Rocket Software, Inc.<sup>(b),(s)</sup>  | Rocket Software, Inc.<sup>(b),(s)</sup>  | Rocket Software, Inc.<sup>(b),(s)</sup>  | Rocket Software, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.750% <br>11/28/2028<br>| &nbsp;&nbsp; 7.423% | 2727134 | &nbsp;&nbsp; 2530562 |
| Sabre GLBL, Inc.<sup>(b),(s)</sup>  | Sabre GLBL, Inc.<sup>(b),(s)</sup>  | Sabre GLBL, Inc.<sup>(b),(s)</sup>  | Sabre GLBL, Inc.<sup>(b),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 6.000% <br>Floor 0.500% <br>11/15/2029<br>| &nbsp;&nbsp; 9.773% | 721863 | &nbsp;&nbsp; 498685 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 1-month Term SOFR + 6.000% <br>Floor 0.500% <br>11/15/2029<br>| &nbsp;&nbsp; 9.773% | 827704 | &nbsp;&nbsp; 571116 |
| Sanmina Corp.<sup>(b),(c),(s)</sup>  | Sanmina Corp.<sup>(b),(c),(s)</sup>  | Sanmina Corp.<sup>(b),(c),(s)</sup>  | Sanmina Corp.<sup>(b),(c),(s)</sup>  |
| Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan | Tranche B1 Term Loan |
| 1-month Term SOFR + 2.000% <br>10/27/2032<br>| &nbsp;&nbsp; 5.671% | 1416542 | &nbsp;&nbsp; 1420083 |
| Sovos Compliance LLC<sup>(b),(s)</sup>  | Sovos Compliance LLC<sup>(b),(s)</sup>  | Sovos Compliance LLC<sup>(b),(s)</sup>  | Sovos Compliance LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.250% <br>08/13/2029<br>| &nbsp;&nbsp; 6.923% | 3114886 | &nbsp;&nbsp; 2797573 |
| SS&C Technologies, Inc.<sup>(b),(s)</sup>  | SS&C Technologies, Inc.<sup>(b),(s)</sup>  | SS&C Technologies, Inc.<sup>(b),(s)</sup>  | SS&C Technologies, Inc.<sup>(b),(s)</sup>  |
| Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan | Tranche B8 Term Loan |
| 1-month Term SOFR + 2.000% <br>05/09/2031<br>| &nbsp;&nbsp; 5.673% | 832433 | &nbsp;&nbsp; 824683 |
| Storable, Inc.<sup>(b),(s)</sup>  | Storable, Inc.<sup>(b),(s)</sup>  | Storable, Inc.<sup>(b),(s)</sup>  | Storable, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 3.250% <br>04/16/2031<br>| &nbsp;&nbsp; 6.923% | 2157576 | &nbsp;&nbsp; 2057788 |
| UKG, Inc.<sup>(b),(s)</sup>  | UKG, Inc.<sup>(b),(s)</sup>  | UKG, Inc.<sup>(b),(s)</sup>  | UKG, Inc.<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 3-month Term SOFR + 2.500% <br>02/10/2031<br>| &nbsp;&nbsp; 6.167% | 4996399 | &nbsp;&nbsp; 4719099 |
| Ultra Clean Holdings, Inc.<sup>(b),(s)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(s)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(s)</sup>  | Ultra Clean Holdings, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.750% <br>02/25/2028<br>| &nbsp;&nbsp; 6.423% | 1531532 | &nbsp;&nbsp; 1534090 |
| Viavi Solutions, Inc.<sup>(b),(s)</sup>  | Viavi Solutions, Inc.<sup>(b),(s)</sup>  | Viavi Solutions, Inc.<sup>(b),(s)</sup>  | Viavi Solutions, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.500% <br>10/16/2032<br>| &nbsp;&nbsp; 6.171% | 1000000 | &nbsp;&nbsp; 1002080 |
| Virtusa Corp.<sup>(b),(s)</sup>  | Virtusa Corp.<sup>(b),(s)</sup>  | Virtusa Corp.<sup>(b),(s)</sup>  | Virtusa Corp.<sup>(b),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 1-month Term SOFR + 3.250% <br>Floor 0.750% <br>02/15/2029<br>| &nbsp;&nbsp; 6.923% | 3509662 | &nbsp;&nbsp; 3214254 |
| VS Buyer LLC<sup>(b),(s)</sup>  | VS Buyer LLC<sup>(b),(s)</sup>  | VS Buyer LLC<sup>(b),(s)</sup>  | VS Buyer LLC<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.250% <br>04/12/2031<br>| &nbsp;&nbsp; 5.917% | 2520688 | &nbsp;&nbsp; 2434556 |
| World Wide Technology Holding Co. LLC<sup>(b),(c),(s)</sup>  | World Wide Technology Holding Co. LLC<sup>(b),(c),(s)</sup>  | World Wide Technology Holding Co. LLC<sup>(b),(c),(s)</sup>  | World Wide Technology Holding Co. LLC<sup>(b),(c),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 2.000% <br>03/01/2030<br>| &nbsp;&nbsp; 5.673% | 1492500 | &nbsp;&nbsp; 1490634 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **125866827** |
| **Tobacco 0.0%** | **Tobacco 0.0%** | **Tobacco 0.0%** | **Tobacco 0.0%** |
| Savor Acquisition, Inc.<sup>(b),(s)</sup>  | Savor Acquisition, Inc.<sup>(b),(s)</sup>  | Savor Acquisition, Inc.<sup>(b),(s)</sup>  | Savor Acquisition, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 3.000% <br>02/19/2032<br>| &nbsp;&nbsp; 6.667% | 404925 | &nbsp;&nbsp; 405095 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** | **Senior Loans (continued)** |
| **Borrower** | **Coupon**<br> **Rate**<br>| **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Transportation Services 0.2%** | **Transportation Services 0.2%** | **Transportation Services 0.2%** | **Transportation Services 0.2%** |
| Apple Bidco LLC<sup>(b),(s)</sup>  | Apple Bidco LLC<sup>(b),(s)</sup>  | Apple Bidco LLC<sup>(b),(s)</sup>  | Apple Bidco LLC<sup>(b),(s)</sup>  |
| 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan | 1st Lien Term Loan |
| 1-month Term SOFR + 2.500% <br>09/23/2031<br>| &nbsp;&nbsp; 6.173% | 3507923 | &nbsp;&nbsp; 3507923 |
| Beacon Mobility Corp.<sup>(b),(s),(t),(v)</sup>  | Beacon Mobility Corp.<sup>(b),(s),(t),(v)</sup>  | Beacon Mobility Corp.<sup>(b),(s),(t),(v)</sup>  | Beacon Mobility Corp.<sup>(b),(s),(t),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 1.375% <br>08/06/2030<br>| &nbsp;&nbsp; 1.375% | 133588 | &nbsp;&nbsp; 133840 |
| Beacon Mobility Corp.<sup>(b),(s)</sup>  | Beacon Mobility Corp.<sup>(b),(s)</sup>  | Beacon Mobility Corp.<sup>(b),(s)</sup>  | Beacon Mobility Corp.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 3-month Term SOFR + 2.750% <br>08/06/2030<br>| &nbsp;&nbsp; 6.410% | 2709448 | &nbsp;&nbsp; 2714542 |
| First Student Bidco, Inc.<sup>(b),(s)</sup>  | First Student Bidco, Inc.<sup>(b),(s)</sup>  | First Student Bidco, Inc.<sup>(b),(s)</sup>  | First Student Bidco, Inc.<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.250% <br>08/15/2030<br>| &nbsp;&nbsp; 5.903% | 2783498 | &nbsp;&nbsp; 2778293 |
| Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan | Tranche C Term Loan |
| 3-month Term SOFR + 2.250% <br>08/15/2030<br>| &nbsp;&nbsp; 5.903% | 509311 | &nbsp;&nbsp; 508358 |
| Signature Aviation US Holdings, Inc.<sup>(b),(s)</sup>  | Signature Aviation US Holdings, Inc.<sup>(b),(s)</sup>  | Signature Aviation US Holdings, Inc.<sup>(b),(s)</sup>  | Signature Aviation US Holdings, Inc.<sup>(b),(s)</sup>  |
| Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan | Tranche B2 Term Loan |
| 3-month Term SOFR + 2.500% <br>Floor 0.500% <br>07/01/2031<br>| &nbsp;&nbsp; 6.170% | 3588879 | &nbsp;&nbsp; 3594047 |
| Student Transportation of America Holdings, Inc<sup>(b),(s),(t),(v)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(s),(t),(v)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(s),(t),(v)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(s),(t),(v)</sup>  |
| Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan | Delayed Draw Term Loan |
| 3-month Term SOFR + 1.750% <br>06/24/2032<br>|  | 89771 | &nbsp;&nbsp; 90041 |
| Student Transportation of America Holdings, Inc<sup>(b),(s)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(s)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(s)</sup>  | Student Transportation of America Holdings, Inc<sup>(b),(s)</sup>  |
| Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan | Tranche B Term Loan |
| 3-month Term SOFR + 2.750% <br>06/24/2032<br>| &nbsp;&nbsp; 6.402% | 1145967 | &nbsp;&nbsp; 1149404 |
| **Total** | **Total** | **Total** | &nbsp;&nbsp; **14476448** |
| **Wireless 0.1%** | **Wireless 0.1%** | **Wireless 0.1%** | **Wireless 0.1%** |
| Crown Subsea Communications Holding, Inc.<sup>(b),(s)</sup>  | Crown Subsea Communications Holding, Inc.<sup>(b),(s)</sup>  | Crown Subsea Communications Holding, Inc.<sup>(b),(s)</sup>  | Crown Subsea Communications Holding, Inc.<sup>(b),(s)</sup>  |
| Term Loan | Term Loan | Term Loan | Term Loan |
| 1-month Term SOFR + 3.000% <br>Floor 0.750% <br>01/30/2031<br>| &nbsp;&nbsp; 6.673% | 3048818 | &nbsp;&nbsp; 3050739 |
| Total Senior Loans <br>(Cost $659,784,877) | Total Senior Loans <br>(Cost $659,784,877) | Total Senior Loans <br>(Cost $659,784,877) | &nbsp;&nbsp; **636168767** |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Treasury Bills**<sup>(m)</sup> **0.1%** | **Treasury Bills**<sup>(m)</sup> **0.1%** | **Treasury Bills**<sup>(m)</sup> **0.1%** | **Treasury Bills**<sup>(m)</sup> **0.1%** | **Treasury Bills**<sup>(m)</sup> **0.1%** |
| **Issuer** | **Yield** |  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| **Turkey 0.1%** | **Turkey 0.1%** | **Turkey 0.1%** | **Turkey 0.1%** | **Turkey 0.1%** |
| Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond | Turkiye Government Bond |
| 08/12/2026 | &nbsp;&nbsp; 35.530% | TRY | 310000000 | &nbsp;&nbsp; 7150042 |
| Total Treasury Bills <br>(Cost $7,271,586) | Total Treasury Bills <br>(Cost $7,271,586) | Total Treasury Bills <br>(Cost $7,271,586) | Total Treasury Bills <br>(Cost $7,271,586) | &nbsp;&nbsp; **7150042** |
| **U.S. Treasury Obligations 0.1%** | **U.S. Treasury Obligations 0.1%** | **U.S. Treasury Obligations 0.1%** | **U.S. Treasury Obligations 0.1%** | **U.S. Treasury Obligations 0.1%** |
| **Issuer** | **Coupon**<br> **Rate**<br>|  | **Principal**<br> **Amount ($)**<br>| **Value ($)** |
| U.S. Treasury | U.S. Treasury | U.S. Treasury | U.S. Treasury | U.S. Treasury |
| 07/31/2028 | &nbsp;&nbsp; 1.000% |  | 6250000 | &nbsp;&nbsp; 5907715 |
| Total U.S. Treasury Obligations <br>(Cost $5,766,421) | Total U.S. Treasury Obligations <br>(Cost $5,766,421) | Total U.S. Treasury Obligations <br>(Cost $5,766,421) | Total U.S. Treasury Obligations <br>(Cost $5,766,421) | &nbsp;&nbsp; **5907715** |

---

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

---

| | | |
|:---|:---|:---|
| **Warrants 0.0%** | **Warrants 0.0%** | **Warrants 0.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Communication Services 0.0%** | **Communication Services 0.0%** | **Communication Services 0.0%** |
| **Diversified Telecommunication Services 0.0%** | **Diversified Telecommunication Services 0.0%** | **Diversified Telecommunication Services 0.0%** |
| Uniti Group, Inc.<sup>(f)</sup> <br>08/01/2028<br>| &nbsp;&nbsp; 2594 | &nbsp;&nbsp; 18988 |
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **18988** |
| Total Warrants <br>(Cost $14,864) | Total Warrants <br>(Cost $14,864) | &nbsp;&nbsp; **18988** |

---

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

---

| | |
|:---|:---|
| **Call Option Contracts Purchased 0.4%** | **Call Option Contracts Purchased 0.4%** |
|  | **Value ($)** |
| (Cost $35,284,006) | &nbsp;&nbsp; **24411446** |
| **Put Option Contracts Purchased 0.1%** | **Put Option Contracts Purchased 0.1%** |
| (Cost $16,907,946) | &nbsp;&nbsp; **4236452** |

---

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

---

| | | |
|:---|:---|:---|
| **Money Market Funds 6.1%** | **Money Market Funds 6.1%** | **Money Market Funds 6.1%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(l),(w)</sup> <br>| &nbsp;&nbsp; 369469699 | &nbsp;&nbsp; 369395805 |
| Total Money Market Funds <br>(Cost $369,300,352) | Total Money Market Funds <br>(Cost $369,300,352) | &nbsp;&nbsp; **369395805** |
| **Total Investments in Securities** <br>**(Cost: $6,853,122,867)** | **Total Investments in Securities** <br>**(Cost: $6,853,122,867)** | &nbsp;&nbsp; **6871805872** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **(819720675)**<br>|
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **6052085197** |

---

At February 28, 2026, securities and/or cash totaling $16,204,037 were pledged as collateral.

**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>|
| 62,969,928 EUR | &nbsp;&nbsp;&nbsp;&nbsp; 74,084,586 USD | Citi | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (333212)<br>|
| 17,960,878 GBP | &nbsp;&nbsp;&nbsp;&nbsp; 24,232,365 USD | Citi | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 27153 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 74,178,348 USD | &nbsp;&nbsp;&nbsp;&nbsp; 62,761,046 EUR | Citi | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7405)<br>|
| 24,759,587 USD | &nbsp;&nbsp;&nbsp;&nbsp; 18,138,210 GBP | Citi | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (315393)<br>|
| Total |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 27153 | &nbsp;&nbsp;&nbsp;&nbsp; (656010)<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** | **Long futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| U.S. Treasury 10-Year Note | 2738 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 311618625 | &nbsp;&nbsp;&nbsp;&nbsp; 1362750 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.S. Treasury Ultra Bond | 3204 | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; 389586375 | &nbsp;&nbsp;&nbsp;&nbsp; 3406105 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4768855 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

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

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** | **Short futures contracts** |
| **Description** | **Number of** <br>**contracts**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Trading** <br>**currency**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**amount**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Value/Unrealized** <br>**depreciation ($)**<br>|
| U.S. Long Bond | (1806) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (213954563)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1517051)<br>|
| U.S. Treasury 2-Year Note | (2565) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (536786368)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (927750)<br>|
| U.S. Treasury 5-Year Note | (2357) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (259601453)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (848796)<br>|
| U.S. Treasury Ultra 10-Year Note | (2894) | 06/2026 | USD | &nbsp;&nbsp;&nbsp;&nbsp; (337829281)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1952486)<br>|
| Total |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5246083)<br>|

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** | **Call option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| 10-Year OTC interest rate swap <br> with Goldman Sachs <br> International to receive <br> exercise rate and pay SOFR<br>| Goldman Sachs International | USD | &nbsp;&nbsp; 142925000 | &nbsp;&nbsp; 142925000 | 3.50 | &nbsp;&nbsp; 11/16/2026 | &nbsp;&nbsp; 2415433 | &nbsp;&nbsp; 2567405 |
| 10-Year OTC interest rate swap <br> with Morgan Stanley to receive <br> exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 325315000 | &nbsp;&nbsp; 325315000 | 3.35 | &nbsp;&nbsp; 04/16/2026 | &nbsp;&nbsp; 4107102 | &nbsp;&nbsp; 1059486 |
| 10-Year OTC interest rate swap <br> with Morgan Stanley to receive <br> exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 331596000 | &nbsp;&nbsp; 331596000 | 3.50 | &nbsp;&nbsp; 06/11/2026 | &nbsp;&nbsp; 5471334 | &nbsp;&nbsp; 3704823 |
| 10-Year OTC interest rate swap <br> with Morgan Stanley to receive <br> exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 197500000 | &nbsp;&nbsp; 197500000 | 3.33 | &nbsp;&nbsp; 07/31/2026 | &nbsp;&nbsp; 2621812 | &nbsp;&nbsp; 1681989 |
| 30-Year OTC interest rate swap <br> with Morgan Stanley to receive <br> exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 144456000 | &nbsp;&nbsp; 144456000 | 3.50 | &nbsp;&nbsp; 10/29/2026 | &nbsp;&nbsp; 3907535 | &nbsp;&nbsp; 2265879 |
| 5-Year OTC interest rate swap <br> with Morgan Stanley to receive <br> exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 455000000 | &nbsp;&nbsp; 455000000 | 3.15 | &nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp; 3306335 | &nbsp;&nbsp; 1286831 |
| 5-Year OTC interest rate swap <br> with Morgan Stanley to receive <br> exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 465453676 | &nbsp;&nbsp; 465453676 | 3.50 | &nbsp;&nbsp; 04/16/2026 | &nbsp;&nbsp; 8378166 | &nbsp;&nbsp; 6453655 |
| 5-Year OTC interest rate swap <br> with Morgan Stanley to receive <br> exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 237669147 | &nbsp;&nbsp; 237669147 | 3.10 | &nbsp;&nbsp; 07/09/2026 | &nbsp;&nbsp; 2292319 | &nbsp;&nbsp; 1500714 |
| 7-Year OTC interest rate swap <br> with Morgan Stanley to receive <br> exercise rate and pay SOFR<br>| Morgan Stanley | USD | &nbsp;&nbsp; 294600000 | &nbsp;&nbsp; 294600000 | 3.25 | &nbsp;&nbsp; 12/16/2026 | &nbsp;&nbsp; 2783970 | &nbsp;&nbsp; 3890664 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 35284006 | &nbsp;&nbsp; 24411446 |

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** | **Put option contracts purchased** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Cost ($)** | **Value ($)** |
| 10-Year OTC interest rate swap with Morgan <br> Stanley to receive SOFR and pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 178000000 | &nbsp;&nbsp; 178000000 | 4.25 | &nbsp;&nbsp; 06/23/2026 | &nbsp;&nbsp; 3159500 | &nbsp;&nbsp; 179424 |
| 5-Year OTC interest rate swap with Citi to <br> receive SOFR and pay exercise rate<br>| Citi | USD | &nbsp;&nbsp; 391000000 | &nbsp;&nbsp; 391000000 | 3.60 | &nbsp;&nbsp; 05/05/2026 | &nbsp;&nbsp; 2580600 | &nbsp;&nbsp; 395692 |
| 5-Year OTC interest rate swap with Morgan <br> Stanley to receive SOFR and pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 127160783 | &nbsp;&nbsp; 127160783 | 3.40 | &nbsp;&nbsp; 03/04/2026 | &nbsp;&nbsp; 1017286 | &nbsp;&nbsp; 5417 |
| 5-Year OTC interest rate swap with Morgan <br> Stanley to receive SOFR and pay exercise rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; 636000000 | &nbsp;&nbsp; 636000000 | 3.40 | &nbsp;&nbsp; 08/05/2026 | &nbsp;&nbsp; 10150560 | &nbsp;&nbsp; 3655919 |
| Total |  |  |  |  |  |  | &nbsp;&nbsp; 16907946 | &nbsp;&nbsp; 4236452 |

---

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

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** | **Call option contracts written** |
| **Description** | **Counterparty** | &nbsp;&nbsp; **Trading** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Number of** <br>**contracts**<br>| **Exercise** <br>**price/Rate**<br>| **Expiration** <br>**date**<br>| **Premium** <br>**received ($)**<br>| **Value ($)** |
| 5-Year OTC interest rate swap with Morgan <br> Stanley to receive SOFR and pay exercise <br> rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; (455000000)<br>| &nbsp;&nbsp; (455000000)<br>| 2.65 | &nbsp;&nbsp; 03/31/2026 | &nbsp;&nbsp; (922135)<br>| &nbsp;&nbsp; (92183)<br>|
| 5-Year OTC interest rate swap with Morgan <br> Stanley to receive SOFR and pay exercise <br> rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; (465453676)<br>| &nbsp;&nbsp; (465453676)<br>| 3.00 | &nbsp;&nbsp; 04/16/2026 | &nbsp;&nbsp; (4468355)<br>| &nbsp;&nbsp; (915268)<br>|
| 5-Year OTC interest rate swap with Morgan <br> Stanley to receive SOFR and pay exercise <br> rate<br>| Morgan Stanley | USD | &nbsp;&nbsp; (233414000)<br>| &nbsp;&nbsp; (233414000)<br>| 3.20 | &nbsp;&nbsp; 04/16/2026 | &nbsp;&nbsp; (2054043)<br>| &nbsp;&nbsp; (1100127)<br>|
| Total |  |  |  |  |  |  | &nbsp;&nbsp; (7444533)<br>| &nbsp;&nbsp; (2107578)<br>|

---

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

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** | **Cleared interest rate swap contracts** |
| **Fund receives** | **Fund pays** | **Payment** <br>**frequency**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Value** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| SOFR plus <br> 0.262%<br>| Fixed rate of <br> 1.781%<br>| Receives Quarterly, Pays Semi-Annually | Morgan <br> Stanley<br>| 08/09/2049 | USD | 53500000 | 20085607 |  |  | 20085607 |  |

---

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

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** | **Credit default swap contracts - buy protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Pay** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount**<br>| **Value** <br>**($)**<br>| **Periodic** <br>**payments** <br>**receivable** <br>**(payable)** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| CMBX North America Index, <br> Series 11 BBB-<br>| Citi | 11/18/2054 | 3.000 | Monthly | USD | 13000000 | 1510366 | (3251)<br>| 3001204 |  |  | (1494089)<br>|
| CMBX North America Index, <br> Series 12 BBB-<br>| Citi | 08/17/2061 | 3.000 | Monthly | USD | 11100000 | 1915473 | (2775)<br>| 2816056 |  |  | (903358)<br>|
| CMBX North America Index, <br> Series 11 BBB-<br>| Goldman Sachs <br> International<br>| 11/18/2054 | 3.000 | Monthly | USD | 4400000 | 511201 | (1100)<br>| 609216 |  |  | (99115)<br>|
| CMBX North America Index, <br> Series 11 BBB-<br>| JPMorgan | 11/18/2054 | 3.000 | Monthly | USD | 4400000 | 511201 | (1100)<br>| 134690 |  | 375411 |  |
| CMBX North America Index, <br> Series 16 BBB-<br>| Morgan Stanley | 04/17/2065 | 3.000 | Monthly | USD | 11150000 | 1868407 | (2788)<br>| 2433642 |  |  | (568023)<br>|
| Total |  |  |  |  |  |  | 6316648 | (11014)<br>| 8994808 |  | 375411 | (3064585)<br>|

---

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

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** | **Credit default swap contracts - sell protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Receive** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Implied** <br>**credit** <br>**spread** <br>**(%)\***<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount** <br>| **Value** <br>**($)**<br>| **Periodic** <br>**payments** <br>**receivable** <br>**(payable)** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| CMBX North <br> America Index, <br> Series 10 BBB-<br>| Citi | 11/17/2059 | 3.000 | Monthly | 49.431 | USD | 17990816 | (4499356)<br>| 4498 |  | (1968988)<br>|  | (2525870)<br>|
| CMBX North <br> America Index, <br> Series 10 BBB-<br>| JPMorgan | 11/17/2059 | 3.000 | Monthly | 49.431 | USD | 9495153 | (2374660)<br>| 2374 |  | (1875666)<br>|  | (496620)<br>|
| CMBX North <br> America Index, <br> Series 10 BBB-<br>| JPMorgan | 11/17/2059 | 3.000 | Monthly | 49.431 | USD | 9495153 | (2374660)<br>| 2374 |  | (1452954)<br>|  | (919332)<br>|

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** | **Credit default swap contracts - sell protection (continued)** |
| **Reference**<br> **entity**<br>| **Counterparty** | **Maturity**<br> **date**<br>| **Receive**<br> **fixed**<br> **rate**<br> **(%)**<br>| **Payment**<br> **frequency**<br>| **Implied**<br> **credit**<br> **spread**<br> **(%)\***<br>| **Notional**<br> **currency**<br>| **Notional**<br> **amount**<br>| **Value**<br> **($)**<br>| **Periodic**<br> **payments**<br> **receivable**<br> **(payable)**<br> **($)**<br>| **Upfront**<br> **payments**<br> **($)**<br>| **Upfront**<br> **receipts**<br> **($)**<br>| **Unrealized**<br> **appreciation**<br> **($)**<br>| **Unrealized**<br> **depreciation**<br> **($)**<br>|
| CMBX North <br> America Index, <br> Series 10 BBB-<br>| Morgan Stanley | 11/17/2059 | 3.000 | Monthly | 49.431 | USD | 7995918 | (1999714)<br>| 1999 |  | (1429504)<br>|  | (568211)<br>|
| CMBX North <br> America Index, <br> Series 8 BBB-<br>| Morgan Stanley | 10/17/2057 | 3.000 | Monthly | 46.896 | USD | 3498803 | (936549)<br>| 875 |  | (654383)<br>|  | (281291)<br>|
| Total |  |  |  |  |  |  |  | (12184939)<br>| 12120 |  | (7381495)<br>|  | (4791324)<br>|

---

\* Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** | **Cleared credit default swap contracts - sell protection** |
| **Reference** <br>**entity**<br>| **Counterparty** | **Maturity** <br>**date**<br>| **Receive** <br>**fixed** <br>**rate** <br>**(%)**<br>| **Payment** <br>**frequency**<br>| **Implied** <br>**credit** <br>**spread** <br>**(%)\***<br>| **Notional** <br>**currency**<br>| **Notional** <br>**amount** <br>| **Value** <br>**($)**<br>| **Upfront** <br>**payments** <br>**($)**<br>| **Upfront** <br>**receipts** <br>**($)**<br>| **Unrealized** <br>**appreciation** <br>**($)**<br>| **Unrealized** <br>**depreciation** <br>**($)**<br>|
| CDX North America High <br> Yield Index, Series 45<br>| Morgan Stanley | 12/20/2030 | 5.000 | Quarterly | 3.304 | USD | 112147200 | 201434 |  |  | 201434 |  |

---

\* Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

---

| | | |
|:---|:---|:---|
| **Reference index and values for swap contracts as of period end** | **Reference index and values for swap contracts as of period end** | **Reference index and values for swap contracts as of period end** |
| **Reference index**  |  | **Reference rate** |
| SOFR | Secured Overnight Financing Rate | 3.670% |

---

**Notes to Portfolio of Investments** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) Represents privately placed and other securities and instruments exempt from Securities and Exchange Commission registration (collectively, private placements), such as Section 4(a)(2) and Rule 144A eligible securities, which are often sold only to qualified institutional buyers. At February 28, 2026, the total value of these securities amounted to $2,912,611,221, which represents 48.13% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable rate security. The interest rate shown was the current rate as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Valuation based on significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Security represents a pool of loans that generate cash payments generally over fixed periods of time. Such securities entitle the security holders to receive distributions (i.e. principal and interest, net of fees and expenses) that are tied to the payments made by the borrower on the underlying loans. Due to the structure of the security the cash payments received are not known until the time of payment. The interest rate shown is the stated coupon rate as of February 28, 2026 and is not reflective of the cash flow payments. The security is represented in shares.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(g) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At February 28, 2026, the total value of these securities amounted to $132,523, which represents less than 0.01% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Represents a security purchased on a when-issued basis.

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

&nbsp;&nbsp;&nbsp;&nbsp;(j) 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;(k) Perpetual security with no specified maturity date.

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

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

&nbsp;&nbsp;&nbsp;&nbsp;(l) 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($)**<br>| **Capital gain** <br>**distributions($)**<br>| **Realized gain** <br>**(loss)($)**<br>| **Dividends —** <br>**affiliated** <br>**issuers ($)**<br>| **End of** <br>**period shares**<br>|
| Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  | Columbia Short Duration High Yield ETF  |
|  | 58526600 |  |  | (140061)<br>| 58386539 | 32930 |  | 1672509 | 2876000 |
| 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%  | Columbia Short-Term Cash Fund, 3.777%  |
|  | 367704689 | 918545333 | (916896224)<br>| 42007 | 369395805 |  | (7632)<br>| 6824313 | 369469699 |
| Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  | Itasca Park LLC  |
|  |  | 13000000 |  | (149500)<br>| 12850500 |  |  |  |  |
| Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  | Itasca Park LLC - Unfunded  |
|  | 25000000 | (13000000)<br>|  |  | 12000000 |  |  |  |  |
| Total | 451231289 |  |  | (247554)<br>| 452632844 | 32930 | (7632)<br>| 8496822 |  |

---

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(o) The Fund's committed equity ownership interest in the joint venture is 25% of the LLC, which is not held in the form of shares. Investments into the LLC will be called from the Fund over a commitment period ending December 31, 2026. Any unfunded commitments are indicated as such.

&nbsp;&nbsp;&nbsp;&nbsp;(p) 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 $24,898,067, which represents 0.41% 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 ($)** | **Value ($)** |
| Altice Luxembourg France SA, CVR | 10/15/2025 | &nbsp;&nbsp; 3038 | &nbsp;&nbsp; 177 | &nbsp;&nbsp; 47567 |
| Itasca Park LLC | 09/02/2025-02/25/2026 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13000000 | &nbsp;&nbsp; 12850500 |
| Itasca Park LLC - Unfunded | 07/28/2025 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12000000 | &nbsp;&nbsp; 12000000 |
|  |  |  | &nbsp;&nbsp; 25000177 | &nbsp;&nbsp; 24898067 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(q) Represents interest only securities which have the right to receive the monthly interest payments on an underlying pool of mortgage loans.

&nbsp;&nbsp;&nbsp;&nbsp;(r) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current rate as of February 28, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(s) The stated interest rate represents the weighted average interest rate at February 28, 2026 of contracts within the senior loan facility. Interest rates on contracts are primarily determined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. Base lending rates may be subject to a floor or minimum rate. The interest rate for senior loans purchased on a when-issued or delayed delivery basis will be determined upon settlement, therefore no interest rate is disclosed. Senior loans often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay cannot be predicted with accuracy. As a result, remaining maturities of senior loans may be less than the stated maturities. Generally, the Fund is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan.

&nbsp;&nbsp;&nbsp;&nbsp;(t) Represents a security purchased on a forward commitment basis.

&nbsp;&nbsp;&nbsp;&nbsp;(u) The borrower filed for protection under Chapter 11 of the U.S. Federal Bankruptcy Code.

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

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

&nbsp;&nbsp;&nbsp;&nbsp;(v) At February 28, 2026, the Fund had unfunded senior loan commitments pursuant to the terms of the loan agreement. The Fund receives a stated coupon rate until the borrower draws on the loan commitment, at which time the rate will become the stated rate in the loan agreement.

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

---

| | |
|:---|:---|
| **Borrower** | **Unfunded Commitment ($)** |
| Beacon Mobility Corp. <br>Delayed Draw Term Loan <br>08/06/2030 1.375%<br>| 133588 |
| Chicago US Midco III LP <br>Delayed Draw Term Loan <br>11/01/2032 1.250%<br>| 172477 |
| June Purchaser LLC <br>Delayed Draw Term Loan <br>11/28/2031 2.750%<br>| 179947 |
| MRP Buyer LLC <br>Delayed Draw Term Loan <br>06/04/2032 5.461%<br>| 116920 |
| Peninsula Pacific Entertainment Development LLC <br>Delayed Draw Term Loan <br>10/01/2032 2.375%<br>| 249035 |
| Pinnacle Buyer LLC <br>Tranche B Delayed Draw Term Loan <br>10/01/2032 1.250%<br>| 197581 |
| Pye-Barker Fire & Safety LLC <br>Delayed Draw Term Loan <br>12/16/2032 <br>| 130000 |
| Raven Acquisition Holdings LLC <br>Delayed Draw Term Loan <br>11/19/2031 3.000%<br>| 241482 |
| Salas O'Brien, Inc. <br>Delayed Draw Term Loan <br>01/22/2033 <br>| 59297 |
| Student Transportation of America Holdings, Inc <br>Delayed Draw Term Loan <br>06/24/2032 <br>| 89771 |
| US Fertility Enterprises LLC <br>Delayed Draw Term Loan <br>12/30/2032 1.750%<br>| 192730 |
| USALCO LLC <br>Delayed Draw Term Loan <br>09/30/2031 7.173%<br>| 273229 |

---

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

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

**Abbreviation Legend** 

---

| | |
|:---|:---|
| CMO | Collateralized Mortgage Obligation |
| CVR | Contingent Value Rights |
| SOFR | Secured Overnight Financing Rate |
| STRIPS | Separate Trading of Registered Interest and Principal Securities |
| TBA | To Be Announced |

---

**Currency Legend** 

---

| | |
|:---|:---|
| BRL | Brazilian Real |
| EUR | Euro |
| GBP | British Pound |
| INR | Indian Rupee |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Currency Legend (continued)**

MXN Mexican Peso <br> TRY Turkish Lira <br> 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.

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** |  |  |  |  |
| Asset-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 452324314 | &nbsp;&nbsp;&nbsp;&nbsp; 33850000 | &nbsp;&nbsp;&nbsp;&nbsp; 486174314 |
| Commercial Mortgage-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 23903266 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23903266 |
| Common Stocks |  |  |  |  |
| Communication Services | 97480 | &nbsp;&nbsp;&nbsp;&nbsp; 1210512 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1307992 |
| Consumer Discretionary | 139976 | &nbsp;&nbsp;&nbsp;&nbsp; 3032 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 143008 |
| Energy |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 379003 | &nbsp;&nbsp;&nbsp;&nbsp; 379003 |
| Health Care |  | &nbsp;&nbsp;&nbsp;&nbsp; 207947 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 207947 |
| Industrials |  | &nbsp;&nbsp;&nbsp;&nbsp; 11053 | &nbsp;&nbsp;&nbsp;&nbsp; 8806 | &nbsp;&nbsp;&nbsp;&nbsp; 19859 |

---

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| Information Technology |  | &nbsp;&nbsp;&nbsp;&nbsp; 452150 | &nbsp;&nbsp;&nbsp;&nbsp; 732 | &nbsp;&nbsp;&nbsp;&nbsp; 452882 |
| Materials |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |
| Total Common Stocks | 237456 | &nbsp;&nbsp;&nbsp;&nbsp; 1884694 | &nbsp;&nbsp;&nbsp;&nbsp; 388542 | &nbsp;&nbsp;&nbsp;&nbsp; 2510692 |
| Convertible Bonds |  | &nbsp;&nbsp;&nbsp;&nbsp; 7298280 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7298280 |
| Convertible Preferred Stocks |  |  |  |  |
| Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 84955 | &nbsp;&nbsp;&nbsp;&nbsp; 84955 |
| Information Technology |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>|
| Total Convertible Preferred Stocks |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 84955 | &nbsp;&nbsp;&nbsp;&nbsp; 84955 |
| Corporate Bonds & Notes |  | &nbsp;&nbsp;&nbsp;&nbsp; 2252097587 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2252097587 |
| Exchange-Traded Fixed Income Funds | 58386539 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 58386539 |
| Foreign Government Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 700266118 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 700266118 |
| Joint Ventures |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24850500 | &nbsp;&nbsp;&nbsp;&nbsp; 24850500 |
| Residential Mortgage-Backed Securities - Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 1871558384 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1871558384 |
| Residential Mortgage-Backed Securities - Non-Agency |  | &nbsp;&nbsp;&nbsp;&nbsp; 396808903 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 396808903 |
| Rights |  |  |  |  |
| Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp; 529552 | &nbsp;&nbsp;&nbsp;&nbsp; 47567 | &nbsp;&nbsp;&nbsp;&nbsp; 577119 |
| Total Rights |  | &nbsp;&nbsp;&nbsp;&nbsp; 529552 | &nbsp;&nbsp;&nbsp;&nbsp; 47567 | &nbsp;&nbsp;&nbsp;&nbsp; 577119 |
| Senior Loans |  | &nbsp;&nbsp;&nbsp;&nbsp; 616408392 | &nbsp;&nbsp;&nbsp;&nbsp; 19760375 | &nbsp;&nbsp;&nbsp;&nbsp; 636168767 |
| Treasury Bills |  | &nbsp;&nbsp;&nbsp;&nbsp; 7150042 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7150042 |
| U.S. Treasury Obligations |  | &nbsp;&nbsp;&nbsp;&nbsp; 5907715 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5907715 |
| Warrants |  |  |  |  |
| Communication Services |  | &nbsp;&nbsp;&nbsp;&nbsp; 18988 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18988 |
| Total Warrants |  | &nbsp;&nbsp;&nbsp;&nbsp; 18988 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18988 |
| Call Option Contracts Purchased |  | &nbsp;&nbsp;&nbsp;&nbsp; 24411446 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24411446 |
| Put Option Contracts Purchased |  | &nbsp;&nbsp;&nbsp;&nbsp; 4236452 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4236452 |
| Money Market Funds | 369395805 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 369395805 |
| Total Investments in Securities | 428019800 | &nbsp;&nbsp;&nbsp;&nbsp; 6364804133 | &nbsp;&nbsp;&nbsp;&nbsp; 78981939 | &nbsp;&nbsp;&nbsp;&nbsp; 6871805872 |
| **Investments in Derivatives** |  |  |  |  |
| Asset |  |  |  |  |
| Forward Foreign Currency Exchange Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; 27153 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 27153 |
| Futures Contracts | 4768855 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4768855 |
| Swap Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; 20662452 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20662452 |
| Liability |  |  |  |  |
| Forward Foreign Currency Exchange Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; (656010)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (656010)<br>|
| Futures Contracts | (5246083)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (5246083)<br>|
| Call Option Contracts Written |  | &nbsp;&nbsp;&nbsp;&nbsp; (2107578)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2107578)<br>|
| Swap Contracts |  | &nbsp;&nbsp;&nbsp;&nbsp; (7855909)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (7855909)<br>|
| Total | 427542572 | &nbsp;&nbsp;&nbsp;&nbsp; 6374874241 | &nbsp;&nbsp;&nbsp;&nbsp; 78981939 | &nbsp;&nbsp;&nbsp;&nbsp; 6881398752 |

---

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

\* Rounds to zero.

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.

Forward foreign currency exchange contracts, futures contracts and swap contracts are valued at unrealized appreciation (depreciation).

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

Columbia Strategic Income Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

The following table is a reconciliation of Level 3 assets for which significant observable and unobservable inputs were used to determine fair value:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Balance** <br>**as of** <br>**08/31/2025** <br>**($)**<br>| **Increase** <br>**(decrease)** <br>**in accrued** <br>**discounts/** <br>**premiums** <br>**($)**<br>| **Realized** <br>**gain (loss)** <br>**($)**<br>| **Change** <br>**in unrealized** <br>**appreciation** <br>**(depreciation)**<sup>(a)</sup> <br>**($)**<br>| **Purchases** <br>**($)**<br>| **Sales** <br>**($)**<br>| **Transfers** <br>**into** <br>**Level 3** <br>**($)**<br>| **Transfers** <br>**out of** <br>**Level 3** <br>**($)**<br>| **Balance** <br>**as of** <br>**02/28/2026** <br>**($)**<br>|
| Asset-Backed Securities - <br> Non-Agency<br>| 33850000<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 33850000<br>|
| Common Stocks | 125255<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 263287<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 388542<br>|
| Convertible Preferred Stocks | -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 84955<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 84955<br>|
| Joint Ventures | 25000000<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; (149500)<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 24850500<br>|
| Residential Mortgage-Backed <br> Securities - Agency<br>| 20109375<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; (20109375)<br>| &nbsp;&nbsp; -<br>|
| Rights | -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 47390<br>| &nbsp;&nbsp; 177<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 47567<br>|
| Senior Loans | 7347992<br>| &nbsp;&nbsp; (1570)<br>| &nbsp;&nbsp; (221995)<br>| &nbsp;&nbsp; (91871)<br>| &nbsp;&nbsp; (1501875)<br>| &nbsp;&nbsp; (4964988)<br>| &nbsp;&nbsp; 19263937<br>| &nbsp;&nbsp; (69255)<br>| &nbsp;&nbsp; 19760375<br>|
| **Total** | **86432622**<br>| &nbsp;&nbsp; **(1570)**<br>| &nbsp;&nbsp; **(221995)**<br>| &nbsp;&nbsp; **69306**<br>| &nbsp;&nbsp; **(1416743)**<br>| &nbsp;&nbsp; **(4964988)**<br>| &nbsp;&nbsp; **19263937**<br>| &nbsp;&nbsp; **(20178630)**<br>| &nbsp;&nbsp; **78981939**<br>|

---

(a) Change in unrealized appreciation (depreciation) relating to securities held at February 28, 2026 was $(56,834), which is comprised of Common Stocks of $263,287, Joint Ventures of $(149,500), Rights of $47,390 and Senior Loans of $(218,011).

Financial assets were transferred from Level 2 to Level 3 due to utilizing a single market quotation from a broker dealer. As a result, management concluded that the market input(s) were generally unobservable.

Financial assets were transferred from Level 3 to Level 2 as observable market inputs were utilized and management determined that there was sufficient, reliable, and observable market data to value these assets as of period end.

The Fund's assets assigned to the Level 3 category are valued utilizing the valuation technique deemed the most appropriate in the circumstances. The following table is a summary of valuation technique(s) used to value the Fund's investments at February 28, 2026:

---

| | | |
|:---|:---|:---|
|  | **Valuation Technique** | **Value ($)** |
| Asset-Backed Securities - Non-Agency | Single Market Quotes from Broker | &nbsp;&nbsp; 33850000 |
| Common Stocks |  |  |
| Energy | Market Approach | &nbsp;&nbsp; 0 |
| Energy | Single Market Quotes from Broker | &nbsp;&nbsp; 379003 |
| Industrials | Single Market Quotes from Broker | &nbsp;&nbsp; 8806 |
| Information Technology | Single Market Quotes from Broker | &nbsp;&nbsp; 732 |
| Materials | Market Approach | &nbsp;&nbsp; 1 |
| Convertible Preferred Stocks |  |  |
| Communication Services | Market Approach | &nbsp;&nbsp; 84955 |
| Information Technology | Market Approach | &nbsp;&nbsp; 0 |
| Joint Ventures | Market Approach | &nbsp;&nbsp; 12850500 |
| Joint Ventures | Recent Transaction | &nbsp;&nbsp; 12000000 |
| Rights |  |  |
| Communication Services | Single Market Quotes from Broker | &nbsp;&nbsp; 47567 |
| Senior Loans | Single Market Quotes from Broker | &nbsp;&nbsp; 19760375 |
| Total |  | &nbsp;&nbsp; 78981939 |

---

The appropriateness of fair values for these securities is monitored on an ongoing basis which may include results of back testing, manual price reviews and other control procedures. Significant increases (decreases) to any of these inputs would have resulted in a significantly higher (lower) fair value measurement.

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

Columbia Strategic Income 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 $6,348,851,723) | $6390525130 |
| Affiliated issuers (cost $452,079,192) | 452632844 |
| Option contracts purchased (cost $52,191,952) | 28647898 |
| Cash | 1884326 |
| Foreign currency (cost $23,952,770) | 24003335 |
| Cash collateral held at broker for: |  |
| Swap contracts | 4999000 |
| Margin deposits on: |  |
| Futures contracts | 4664109 |
| Swap contracts | 6540928 |
| Unrealized appreciation on forward foreign currency exchange contracts | 27153 |
| Unrealized appreciation on swap contracts | 375411 |
| Upfront payments on swap contracts | 8994808 |
| Receivable for: |  |
| Investments sold | 44445719 |
| Investments sold on a delayed delivery basis  | 6076567 |
| Capital shares sold | 5469795 |
| Dividends | 857012 |
| Interest | 53902411 |
| Foreign tax reclaims | 57696 |
| Variation margin for futures contracts | 3543531 |
| Variation margin for swap contracts | 5823819 |
| Expense reimbursement due from Investment Manager | 705 |
| Prepaid expenses | 14844 |
| Deferred compensation of board members | 516919 |
| Other assets | 8905 |
| Total assets | 7044012865 |
| **Liabilities** |  |
| Option contracts written, at value (premiums received $7,444,533) | 2107578 |
| Unrealized depreciation on forward foreign currency exchange contracts | 656010 |
| Unrealized depreciation on swap contracts | 7855909 |
| Upfront receipts on swap contracts | 7381495 |
| Payable for: |  |
| Investments purchased | 6794480 |
| Investments purchased on a delayed delivery basis | 954700141 |
| Capital shares redeemed | 6622326 |
| Variation margin for futures contracts | 4086132 |
| Variation margin for swap contracts | 353129 |
| Management services fees | 91521 |
| Distribution and/or service fees | 10656 |
| Transfer agent fees | 389292 |
| Compensation of chief compliance officer | 479 |
| Compensation of board members | 6528 |
| Other expenses | 147135 |
| Deferred compensation of board members | 724857 |
| Total liabilities | 991927668 |
| **Net assets applicable to outstanding capital stock** | **$6052085197** |
| **Represented by** |  |
| Paid in capital | 6717934698 |
| Total distributable earnings (loss) | (665849501)<br>|
| **Total - representing net assets applicable to outstanding capital stock** | **$6052085197** |

---

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

Columbia Strategic Income Fund \| 2026

------

Statement of Assets and Liabilities (continued)

February 28, 2026 (Unaudited)

---

| | |
|:---|:---|
| **Class A** |  |
| Net assets | $960873353 |
| Shares outstanding | 43326812 |
| Net asset value per share | $22.18 |
| 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) | $23.29 |
| **Class C** |  |
| Net assets | $138486443 |
| Shares outstanding | 6249442 |
| Net asset value per share | $22.16 |
| **Institutional Class** |  |
| Net assets | $3564858177 |
| Shares outstanding | 164519205 |
| Net asset value per share | $21.67 |
| **Institutional 2 Class** |  |
| Net assets | $644941414 |
| Shares outstanding | 29733910 |
| Net asset value per share | $21.69 |
| **Institutional 3 Class** |  |
| Net assets | $704588168 |
| Shares outstanding | 32644447 |
| Net asset value per share | $21.58 |
| **Class R** |  |
| Net assets | $20697714 |
| Shares outstanding | 925054 |
| Net asset value per share | $22.37 |
| **Class S** |  |
| Net assets | $17639928 |
| Shares outstanding | 814063 |
| Net asset value per share | $21.67 |

---

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

Columbia Strategic Income 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 | $8496822 |
| Interest | 168924092 |
| Interfund lending | 737 |
| Foreign taxes withheld | (282965)<br>|
| Total income | 177138686 |
| Expenses: |  |
| Management services fees | 16487371 |
| Distribution and/or service fees |  |
| Class A | 1199436 |
| Class C | 697434 |
| Class R | 50372 |
| Transfer agent fees |  |
| Class A | 421579 |
| Class C | 61283 |
| Institutional Class | 1550897 |
| Institutional 2 Class | 170254 |
| Institutional 3 Class | 14234 |
| Class R | 8853 |
| Class S | 8762 |
| Custodian fees | 89008 |
| Printing and postage fees | 121644 |
| Registration fees | 175794 |
| Accounting services fees | 26812 |
| Legal fees | 55295 |
| Interest on collateral | 797018 |
| Compensation of chief compliance officer | 479 |
| Compensation of board members | 35969 |
| Deferred compensation of board members | 25549 |
| Other | 68057 |
| Total expenses | 22066100 |
| Fees waived or expenses reimbursed by Investment Manager and its affiliates | (128165)<br>|
| Expense reduction | (2000)<br>|
| Total net expenses | 21935935 |
| **Net investment income** | 155202751 |

---

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

Columbia Strategic Income Fund \| 2026

------

Statement of Operations (continued)

Six Months Ended February 28, 2026 (Unaudited)

---

| | |
|:---|:---|
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | $13832741 |
| Investments — affiliated issuers | (7632)<br>|
| Capital gain distributions from underlying affiliated funds | 32930 |
| Foreign currency translations | (444846)<br>|
| Forward foreign currency exchange contracts | (406971)<br>|
| Futures contracts | (900202)<br>|
| Option contracts purchased | (53654725)<br>|
| Option contracts written | 7204948 |
| Swap contracts | 2539099 |
| Net realized loss | (31804658)<br>|
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 26280457 |
| Investments — affiliated issuers | (247554)<br>|
| Foreign currency translations | 25230 |
| Forward foreign currency exchange contracts | (168029)<br>|
| Futures contracts | 2260988 |
| Option contracts purchased | 18219736 |
| Option contracts written | (1847810)<br>|
| Swap contracts | (5929318)<br>|
| Foreign capital gains tax | 30933 |
| Net change in unrealized appreciation (depreciation) | 38624633 |
| Net realized and unrealized gain | 6819975 |
| **Net increase in net assets resulting from operations** | **$162022726** |

---

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

Columbia Strategic Income 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 | $155202751 | &nbsp;&nbsp; $297148976 |
| Net realized loss | (31804658)<br>| &nbsp;&nbsp; (38129949)<br>|
| Net change in unrealized appreciation (depreciation) | 38624633 | &nbsp;&nbsp; 43702155 |
| Net increase in net assets resulting from operations | 162022726 | &nbsp;&nbsp; 302721182 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Class A | (23731322)<br>| &nbsp;&nbsp; (48008332)<br>|
| Advisor Class |  | &nbsp;&nbsp; (3310655)<br>|
| Class C | (2944168)<br>| &nbsp;&nbsp; (6301520)<br>|
| Institutional Class | (93819593)<br>| &nbsp;&nbsp; (182586891)<br>|
| Institutional 2 Class | (17059229)<br>| &nbsp;&nbsp; (29028407)<br>|
| Institutional 3 Class | (18042387)<br>| &nbsp;&nbsp; (29354726)<br>|
| Class R | (471479)<br>| &nbsp;&nbsp; (850490)<br>|
| Class S | (517916)<br>| &nbsp;&nbsp; (1364248)<br>|
| Total distributions to shareholders | (156586094)<br>| &nbsp;&nbsp; (300805269)<br>|
| Increase in net assets from capital stock activity | 133523529 | &nbsp;&nbsp; 249212901 |
| Total increase in net assets | 138960161 | &nbsp;&nbsp; 251128814 |
| Net assets at beginning of period | 5913125036 | &nbsp;&nbsp; 5661996222 |
| **Net assets at end of period** | **$6052085197** | &nbsp;&nbsp; **$5913125036** |

---

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

Columbia Strategic Income 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 | 3011684 | &nbsp;&nbsp;&nbsp;&nbsp; 66780845 | &nbsp;&nbsp;&nbsp;&nbsp; 6570537 | &nbsp;&nbsp;&nbsp;&nbsp; 144161676 |
| Distributions reinvested | 1011613 | &nbsp;&nbsp;&nbsp;&nbsp; 22388663 | &nbsp;&nbsp;&nbsp;&nbsp; 2062888 | &nbsp;&nbsp;&nbsp;&nbsp; 45171233 |
| Shares redeemed | (4282075)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (94889318)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (9808111)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (214857501)<br>|
| Net decrease | (258778)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5719810)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1174686)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (25524592)<br>|
| Advisor Class |  |  |  |  |
| Shares sold |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 896218 | &nbsp;&nbsp;&nbsp;&nbsp; 19350278 |
| Distributions reinvested |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 153643 | &nbsp;&nbsp;&nbsp;&nbsp; 3302160 |
| Shares redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (12492183)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (266276687)<br>|
| Net decrease |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11442322)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (243624249)<br>|
| Class C |  |  |  |  |
| Shares sold | 786203 | &nbsp;&nbsp;&nbsp;&nbsp; 17417055 | &nbsp;&nbsp;&nbsp;&nbsp; 1391144 | &nbsp;&nbsp;&nbsp;&nbsp; 30539603 |
| Distributions reinvested | 125693 | &nbsp;&nbsp;&nbsp;&nbsp; 2779879 | &nbsp;&nbsp;&nbsp;&nbsp; 270501 | &nbsp;&nbsp;&nbsp;&nbsp; 5920346 |
| Shares redeemed | (1036575)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (22966096)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2534193)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (55493821)<br>|
| Net decrease | (124679)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2769162)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (872548)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (19033872)<br>|
| Institutional Class |  |  |  |  |
| Shares sold | 25534234 | &nbsp;&nbsp;&nbsp;&nbsp; 553008900 | &nbsp;&nbsp;&nbsp;&nbsp; 57715373 | &nbsp;&nbsp;&nbsp;&nbsp; 1237875640 |
| Distributions reinvested | 3778743 | &nbsp;&nbsp;&nbsp;&nbsp; 81720084 | &nbsp;&nbsp;&nbsp;&nbsp; 7459875 | &nbsp;&nbsp;&nbsp;&nbsp; 159749737 |
| Shares redeemed | (26879268)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (582037120)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (54158348)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1161050865)<br>|
| Net increase | 2433709 | &nbsp;&nbsp;&nbsp;&nbsp; 52691864 | &nbsp;&nbsp;&nbsp;&nbsp; 11016900 | &nbsp;&nbsp;&nbsp;&nbsp; 236574512 |
| Institutional 2 Class |  |  |  |  |
| Shares sold | 4643965 | &nbsp;&nbsp;&nbsp;&nbsp; 100737388 | &nbsp;&nbsp;&nbsp;&nbsp; 10294223 | &nbsp;&nbsp;&nbsp;&nbsp; 220892829 |
| Distributions reinvested | 776468 | &nbsp;&nbsp;&nbsp;&nbsp; 16808570 | &nbsp;&nbsp;&nbsp;&nbsp; 1337170 | &nbsp;&nbsp;&nbsp;&nbsp; 28667196 |
| Shares redeemed | (4165604)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (90223477)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6178707)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (132587973)<br>|
| Net increase | 1254829 | &nbsp;&nbsp;&nbsp;&nbsp; 27322481 | &nbsp;&nbsp;&nbsp;&nbsp; 5452686 | &nbsp;&nbsp;&nbsp;&nbsp; 116972052 |
| Institutional 3 Class |  |  |  |  |
| Shares sold | 4780656 | &nbsp;&nbsp;&nbsp;&nbsp; 103177410 | &nbsp;&nbsp;&nbsp;&nbsp; 12619821 | &nbsp;&nbsp;&nbsp;&nbsp; 268867016 |
| Distributions reinvested | 472977 | &nbsp;&nbsp;&nbsp;&nbsp; 10189057 | &nbsp;&nbsp;&nbsp;&nbsp; 750986 | &nbsp;&nbsp;&nbsp;&nbsp; 16026282 |
| Shares redeemed | (2149099)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (46363214)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5966808)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (127427196)<br>|
| Net increase | 3104534 | &nbsp;&nbsp;&nbsp;&nbsp; 67003253 | &nbsp;&nbsp;&nbsp;&nbsp; 7403999 | &nbsp;&nbsp;&nbsp;&nbsp; 157466102 |
| Class R |  |  |  |  |
| Shares sold | 78434 | &nbsp;&nbsp;&nbsp;&nbsp; 1757524 | &nbsp;&nbsp;&nbsp;&nbsp; 205007 | &nbsp;&nbsp;&nbsp;&nbsp; 4533250 |
| Distributions reinvested | 21095 | &nbsp;&nbsp;&nbsp;&nbsp; 470961 | &nbsp;&nbsp;&nbsp;&nbsp; 38449 | &nbsp;&nbsp;&nbsp;&nbsp; 849085 |
| Shares redeemed | (49906)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1117039)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (132689)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2930953)<br>|
| Net increase | 49623 | &nbsp;&nbsp;&nbsp;&nbsp; 1111446 | &nbsp;&nbsp;&nbsp;&nbsp; 110767 | &nbsp;&nbsp;&nbsp;&nbsp; 2451382 |
| Class S |  |  |  |  |
| Shares sold | 1170 | &nbsp;&nbsp;&nbsp;&nbsp; 25576 | &nbsp;&nbsp;&nbsp;&nbsp; 1738554 | &nbsp;&nbsp;&nbsp;&nbsp; 37702891 |
| Distributions reinvested | 23937 | &nbsp;&nbsp;&nbsp;&nbsp; 517839 | &nbsp;&nbsp;&nbsp;&nbsp; 63822 | &nbsp;&nbsp;&nbsp;&nbsp; 1364207 |
| Shares redeemed | (306716)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6659958)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (706704)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (15135532)<br>|
| Net increase (decrease) | (281609)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (6116543)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1095672 | &nbsp;&nbsp;&nbsp;&nbsp; 23931566 |
| **Total net increase** | **6177629** | &nbsp;&nbsp;&nbsp;&nbsp; **133523529** | &nbsp;&nbsp;&nbsp;&nbsp; **11590468** | &nbsp;&nbsp;&nbsp;&nbsp; **249212901** |

---

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

Columbia Strategic Income 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>| **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) | $22.15 | 0.55 | 0.03 | 0.58 | &nbsp;&nbsp; (0.55)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.55)<br>|
| Year Ended 8/31/2025 | $22.12 | 1.09 | 0.03 | 1.12 | &nbsp;&nbsp; (1.09)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.09)<br>|
| Year Ended 8/31/2024 | $21.13 | 1.16 | 1.00 | 2.16 | &nbsp;&nbsp; (1.17)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.17)<br>|
| Year Ended 8/31/2023 | $21.84 | 1.06 | &nbsp;&nbsp; (0.74)<br>| 0.32 | &nbsp;&nbsp; (1.03)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.03)<br>|
| Year Ended 8/31/2022 | $25.20 | 0.78 | &nbsp;&nbsp; (3.15)<br>| &nbsp;&nbsp; (2.37)<br>| &nbsp;&nbsp; (0.71)<br>| &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (0.99)<br>|
| Year Ended 8/31/2021<sup>(e)</sup> <br>| $24.32 | 0.79 | 0.86 | 1.65 | &nbsp;&nbsp; (0.77)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.77)<br>|
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | $22.13 | 0.47 | 0.03 | 0.50 | &nbsp;&nbsp; (0.47)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.47)<br>|
| Year Ended 8/31/2025 | $22.11 | 0.93 | 0.02 | 0.95 | &nbsp;&nbsp; (0.93)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.93)<br>|
| Year Ended 8/31/2024 | $21.12 | 1.00 | 1.00 | 2.00 | &nbsp;&nbsp; (1.01)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.01)<br>|
| Year Ended 8/31/2023 | $21.83 | 0.90 | &nbsp;&nbsp; (0.74)<br>| 0.16 | &nbsp;&nbsp; (0.87)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.87)<br>|
| Year Ended 8/31/2022 | $25.19 | 0.60 | &nbsp;&nbsp; (3.15)<br>| &nbsp;&nbsp; (2.55)<br>| &nbsp;&nbsp; (0.53)<br>| &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (0.81)<br>|
| Year Ended 8/31/2021<sup>(e)</sup> <br>| $24.31 | 0.60 | 0.86 | 1.46 | &nbsp;&nbsp; (0.58)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.58)<br>|
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | $21.65 | 0.57 | 0.02 | 0.59 | &nbsp;&nbsp; (0.57)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.57)<br>|
| Year Ended 8/31/2025 | $21.65 | 1.12 | 0.02 | 1.14 | &nbsp;&nbsp; (1.14)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.14)<br>|
| Year Ended 8/31/2024 | $20.70 | 1.19 | 0.98 | 2.17 | &nbsp;&nbsp; (1.22)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.22)<br>|
| Year Ended 8/31/2023 | $21.42 | 1.09 | &nbsp;&nbsp; (0.73)<br>| 0.36 | &nbsp;&nbsp; (1.08)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.08)<br>|
| Year Ended 8/31/2022 | $24.73 | 0.82 | &nbsp;&nbsp; (3.09)<br>| &nbsp;&nbsp; (2.27)<br>| &nbsp;&nbsp; (0.76)<br>| &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (1.04)<br>|
| Year Ended 8/31/2021<sup>(e)</sup> <br>| $23.88 | 0.84 | 0.84 | 1.68 | &nbsp;&nbsp; (0.83)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.83)<br>|
| **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) | $21.67 | 0.57 | 0.03 | 0.60 | &nbsp;&nbsp; (0.58)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.58)<br>|
| Year Ended 8/31/2025 | $21.67 | 1.13 | 0.02 | 1.15 | &nbsp;&nbsp; (1.15)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.15)<br>|
| Year Ended 8/31/2024 | $20.72 | 1.20 | 0.98 | 2.18 | &nbsp;&nbsp; (1.23)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.23)<br>|
| Year Ended 8/31/2023 | $21.44 | 1.11 | &nbsp;&nbsp; (0.74)<br>| 0.37 | &nbsp;&nbsp; (1.09)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.09)<br>|
| Year Ended 8/31/2022 | $24.75 | 0.83 | &nbsp;&nbsp; (3.09)<br>| &nbsp;&nbsp; (2.26)<br>| &nbsp;&nbsp; (0.77)<br>| &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (1.05)<br>|
| Year Ended 8/31/2021<sup>(e)</sup> <br>| $23.90 | 0.85 | 0.83 | 1.68 | &nbsp;&nbsp; (0.83)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.83)<br>|
| **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) | $21.57 | 0.57 | 0.02 | 0.59 | &nbsp;&nbsp; (0.58)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.58)<br>|
| Year Ended 8/31/2025 | $21.57 | 1.14 | 0.02 | 1.16 | &nbsp;&nbsp; (1.16)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.16)<br>|
| Year Ended 8/31/2024 | $20.63 | 1.21 | 0.97 | 2.18 | &nbsp;&nbsp; (1.24)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.24)<br>|
| Year Ended 8/31/2023 | $21.35 | 1.11 | &nbsp;&nbsp; (0.73)<br>| 0.38 | &nbsp;&nbsp; (1.10)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.10)<br>|
| Year Ended 8/31/2022 | $24.66 | 0.84 | &nbsp;&nbsp; (3.09)<br>| &nbsp;&nbsp; (2.25)<br>| &nbsp;&nbsp; (0.78)<br>| &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (1.06)<br>|
| Year Ended 8/31/2021<sup>(e)</sup> <br>| $23.81 | 0.86 | 0.84 | 1.70 | &nbsp;&nbsp; (0.85)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.85)<br>|

---

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

Columbia Strategic Income 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 A** | **Class A** | **Class A** | **Class A** | **Class A** | **Class A** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $22.18 | &nbsp;&nbsp;&nbsp;&nbsp; 2.64%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.94% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.93% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $960873 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $22.15 | &nbsp;&nbsp;&nbsp;&nbsp; 5.22%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.94% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.94% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.99% | &nbsp;&nbsp;&nbsp;&nbsp; 232% | &nbsp;&nbsp;&nbsp;&nbsp; $965259 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $22.12 | &nbsp;&nbsp;&nbsp;&nbsp; 10.54%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.93% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.93% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.44% | &nbsp;&nbsp;&nbsp;&nbsp; 272% | &nbsp;&nbsp;&nbsp;&nbsp; $990172 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $21.13 | &nbsp;&nbsp;&nbsp;&nbsp; 1.56%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.94% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.94% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.02% | &nbsp;&nbsp;&nbsp;&nbsp; 295% | &nbsp;&nbsp;&nbsp;&nbsp; $933577 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $21.84 | &nbsp;&nbsp;&nbsp;&nbsp; (9.64%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.30% | &nbsp;&nbsp;&nbsp;&nbsp; 136% | &nbsp;&nbsp;&nbsp;&nbsp; $1036081 |
|  Year Ended 8/31/2021 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $25.20 | &nbsp;&nbsp;&nbsp;&nbsp; 6.84%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.92% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.17% | &nbsp;&nbsp;&nbsp;&nbsp; 126% | &nbsp;&nbsp;&nbsp;&nbsp; $1191823 |
| **Class C** | **Class C** | **Class C** | **Class C** | **Class C** | **Class C** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $22.16 | &nbsp;&nbsp;&nbsp;&nbsp; 2.27%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.69% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.68% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.25% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $138486 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $22.13 | &nbsp;&nbsp;&nbsp;&nbsp; 4.41%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.69% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.69% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.24% | &nbsp;&nbsp;&nbsp;&nbsp; 232% | &nbsp;&nbsp;&nbsp;&nbsp; $141068 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $22.11 | &nbsp;&nbsp;&nbsp;&nbsp; 9.73%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.68% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.68% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.70% | &nbsp;&nbsp;&nbsp;&nbsp; 272% | &nbsp;&nbsp;&nbsp;&nbsp; $160228 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $21.12 | &nbsp;&nbsp;&nbsp;&nbsp; 0.81%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.69% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.69% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.26% | &nbsp;&nbsp;&nbsp;&nbsp; 295% | &nbsp;&nbsp;&nbsp;&nbsp; $171092 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $21.83 | &nbsp;&nbsp;&nbsp;&nbsp; (10.31%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.67% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.67% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.53% | &nbsp;&nbsp;&nbsp;&nbsp; 136% | &nbsp;&nbsp;&nbsp;&nbsp; $214760 |
|  Year Ended 8/31/2021 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $25.19 | &nbsp;&nbsp;&nbsp;&nbsp; 6.01%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.67% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.67% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.42% | &nbsp;&nbsp;&nbsp;&nbsp; 126% | &nbsp;&nbsp;&nbsp;&nbsp; $284727 |
| **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** | **Institutional Class** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $21.67 | &nbsp;&nbsp;&nbsp;&nbsp; 2.78%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.69% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.68% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.25% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $3564858 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $21.65 | &nbsp;&nbsp;&nbsp;&nbsp; 5.46%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.69% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.69% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.25% | &nbsp;&nbsp;&nbsp;&nbsp; 232% | &nbsp;&nbsp;&nbsp;&nbsp; $3509214 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $21.65 | &nbsp;&nbsp;&nbsp;&nbsp; 10.84%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.68% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.68% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.69% | &nbsp;&nbsp;&nbsp;&nbsp; 272% | &nbsp;&nbsp;&nbsp;&nbsp; $3270687 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $20.70 | &nbsp;&nbsp;&nbsp;&nbsp; 1.80%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.69% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.69% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.27% | &nbsp;&nbsp;&nbsp;&nbsp; 295% | &nbsp;&nbsp;&nbsp;&nbsp; $2832856 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $21.42 | &nbsp;&nbsp;&nbsp;&nbsp; (9.39%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 0.67% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.67% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.54% | &nbsp;&nbsp;&nbsp;&nbsp; 136% | &nbsp;&nbsp;&nbsp;&nbsp; $3231980 |
|  Year Ended 8/31/2021 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.73 | &nbsp;&nbsp;&nbsp;&nbsp; 7.11%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.67% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.67% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.41% | &nbsp;&nbsp;&nbsp;&nbsp; 126% | &nbsp;&nbsp;&nbsp;&nbsp; $3902593 |
| **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; $21.69 | &nbsp;&nbsp;&nbsp;&nbsp; 2.79%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.65% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.29% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $644941 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $21.67 | &nbsp;&nbsp;&nbsp;&nbsp; 5.49%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.66% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.65% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.29% | &nbsp;&nbsp;&nbsp;&nbsp; 232% | &nbsp;&nbsp;&nbsp;&nbsp; $617189 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $21.67 | &nbsp;&nbsp;&nbsp;&nbsp; 10.88%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.64% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.73% | &nbsp;&nbsp;&nbsp;&nbsp; 272% | &nbsp;&nbsp;&nbsp;&nbsp; $498975 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $20.72 | &nbsp;&nbsp;&nbsp;&nbsp; 1.84%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.64% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.32% | &nbsp;&nbsp;&nbsp;&nbsp; 295% | &nbsp;&nbsp;&nbsp;&nbsp; $405286 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $21.44 | &nbsp;&nbsp;&nbsp;&nbsp; (9.35%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 0.63% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.60% | &nbsp;&nbsp;&nbsp;&nbsp; 136% | &nbsp;&nbsp;&nbsp;&nbsp; $413637 |
|  Year Ended 8/31/2021 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.75 | &nbsp;&nbsp;&nbsp;&nbsp; 7.23%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.63% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.44% | &nbsp;&nbsp;&nbsp;&nbsp; 126% | &nbsp;&nbsp;&nbsp;&nbsp; $475594 |
| **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; $21.58 | &nbsp;&nbsp;&nbsp;&nbsp; 2.79%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.60% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.34% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $704588 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $21.57 | &nbsp;&nbsp;&nbsp;&nbsp; 5.57%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.61% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.60% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.34% | &nbsp;&nbsp;&nbsp;&nbsp; 232% | &nbsp;&nbsp;&nbsp;&nbsp; $637115 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $21.57 | &nbsp;&nbsp;&nbsp;&nbsp; 10.93%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.60% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.78% | &nbsp;&nbsp;&nbsp;&nbsp; 272% | &nbsp;&nbsp;&nbsp;&nbsp; $477516 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $20.63 | &nbsp;&nbsp;&nbsp;&nbsp; 1.89%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.60% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.36% | &nbsp;&nbsp;&nbsp;&nbsp; 295% | &nbsp;&nbsp;&nbsp;&nbsp; $410866 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $21.35 | &nbsp;&nbsp;&nbsp;&nbsp; (9.34%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 0.59% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.67% | &nbsp;&nbsp;&nbsp;&nbsp; 136% | &nbsp;&nbsp;&nbsp;&nbsp; $477713 |
|  Year Ended 8/31/2021 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $24.66 | &nbsp;&nbsp;&nbsp;&nbsp; 7.26%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.59% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.50% | &nbsp;&nbsp;&nbsp;&nbsp; 126% | &nbsp;&nbsp;&nbsp;&nbsp; $416355 |

---

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

Columbia Strategic Income 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) | $22.34 | 0.53 | 0.02 | 0.55 | &nbsp;&nbsp; (0.52)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.52)<br>|
| Year Ended 8/31/2025 | $22.31 | 1.05 | 0.01 | 1.06 | &nbsp;&nbsp; (1.03)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.03)<br>|
| Year Ended 8/31/2024 | $21.30 | 1.12 | 1.00 | 2.12 | &nbsp;&nbsp; (1.11)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.11)<br>|
| Year Ended 8/31/2023 | $22.01 | 1.02 | &nbsp;&nbsp; (0.76)<br>| 0.26 | &nbsp;&nbsp; (0.97)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.97)<br>|
| Year Ended 8/31/2022 | $25.38 | 0.72 | &nbsp;&nbsp; (3.16)<br>| &nbsp;&nbsp; (2.44)<br>| &nbsp;&nbsp; (0.65)<br>| &nbsp;&nbsp; (0.28)<br>| &nbsp;&nbsp; (0.93)<br>|
| Year Ended 8/31/2021<sup>(e)</sup> <br>| $24.49 | 0.73 | 0.86 | 1.59 | &nbsp;&nbsp; (0.70)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.70)<br>|
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | $21.65 | 0.57 | 0.02 | 0.59 | &nbsp;&nbsp; (0.57)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (0.57)<br>|
| Year Ended 8/31/2025<sup>(f)</sup> <br>| $21.84 | 1.02 | &nbsp;&nbsp; (0.17 )<sup>(g)</sup><br>| 0.85 | &nbsp;&nbsp; (1.04)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1.04)<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) | Ratios include interest on collateral expense. For the periods indicated below, if interest on collateral 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 | 0.03% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% |
| Class C | 0.03% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% |
| Institutional Class | 0.03% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% |
| Institutional 2 Class | 0.03% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% |
| Institutional 3 Class | 0.03% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% |
| Class R | 0.03% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | &nbsp;&nbsp; 0.01% | less than 0.01% |
| Class S | 0.03% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; —% | &nbsp;&nbsp; —% | &nbsp;&nbsp; —% | &nbsp;&nbsp; —% |

---

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) Per share amounts have been adjusted on a retroactive basis to reflect a 4 to 1 reverse stock split completed after the close of business on September 11, 2020.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Class S shares commenced operations on October 2, 2024. Per share data and total return reflect activity from that date.

&nbsp;&nbsp;&nbsp;&nbsp;(g) 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.

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

Columbia Strategic Income 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; $22.37 | &nbsp;&nbsp;&nbsp;&nbsp; 2.49%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.19% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.75% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $20698 |
| Year Ended 8/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $22.34 | &nbsp;&nbsp;&nbsp;&nbsp; 4.92%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.19% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.19% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.75% | &nbsp;&nbsp;&nbsp;&nbsp; 232% | &nbsp;&nbsp;&nbsp;&nbsp; $19557 |
| Year Ended 8/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $22.31 | &nbsp;&nbsp;&nbsp;&nbsp; 10.28%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.18% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.19% | &nbsp;&nbsp;&nbsp;&nbsp; 272% | &nbsp;&nbsp;&nbsp;&nbsp; $17057 |
| Year Ended 8/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; $21.30 | &nbsp;&nbsp;&nbsp;&nbsp; 1.30%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.19% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.19% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.80% | &nbsp;&nbsp;&nbsp;&nbsp; 295% | &nbsp;&nbsp;&nbsp;&nbsp; $14943 |
| Year Ended 8/31/2022 | &nbsp;&nbsp;&nbsp;&nbsp; $22.01 | &nbsp;&nbsp;&nbsp;&nbsp; (9.83%)<br>&nbsp;&nbsp;&nbsp;&nbsp; 1.17% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.17% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.02% | &nbsp;&nbsp;&nbsp;&nbsp; 136% | &nbsp;&nbsp;&nbsp;&nbsp; $12686 |
|  Year Ended 8/31/2021 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $25.38 | &nbsp;&nbsp;&nbsp;&nbsp; 6.62%<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.17% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 1.17% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.89% | &nbsp;&nbsp;&nbsp;&nbsp; 126% | &nbsp;&nbsp;&nbsp;&nbsp; $16920 |
| **Class S** | **Class S** | **Class S** | **Class S** | **Class S** | **Class S** |
| Six Months Ended 2/28/2026 (Unaudited) | &nbsp;&nbsp;&nbsp;&nbsp; $21.67 | &nbsp;&nbsp;&nbsp;&nbsp; 2.78%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.69% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.68% <br><sup>(c),(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.23% | &nbsp;&nbsp;&nbsp;&nbsp; 124% | &nbsp;&nbsp;&nbsp;&nbsp; $17640 |
|  Year Ended 8/31/2025 <br><sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.65 | &nbsp;&nbsp;&nbsp;&nbsp; 4.08%<br> &nbsp;&nbsp;&nbsp;&nbsp; 0.70% <br><sup>(c)</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 0.69% <br><sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.30% | &nbsp;&nbsp;&nbsp;&nbsp; 232% | &nbsp;&nbsp;&nbsp;&nbsp; $23723 |

---

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

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Columbia Strategic Income Fund (the Fund), a series of Columbia Funds Series Trust I (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 and Class C shares are offered to the general public for investment. Class C shares automatically convert to Class A shares after 8 years. Institutional Class, Institutional 2 Class, Institutional 3 Class, Class R and Class S 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 Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

Asset- and mortgage-backed securities are generally valued by pricing services, which utilize pricing models that incorporate the securities' cash flow and loan performance data. These models also take into account available market data, including trades, market quotations, and benchmark yield curves for identical or similar securities. Factors used to identify similar securities may include, but are not limited to, issuer, collateral type, vintage, prepayment speeds, collateral performance, credit ratings, credit enhancement and expected life. Asset-backed securities for which quotations are readily available may also be valued based upon an over-the-counter or exchange 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.

Senior loan securities for which reliable market quotations are readily available are generally valued by pricing services at the average of the bids received.

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.

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

Futures and options on futures contracts are valued based upon the settlement price at the close of regular trading on their principal exchanges or, in the absence of a settlement price, at the mean of the latest quoted bid and ask prices.

Option contracts are valued at the mean of the latest quoted bid and ask prices on their primary exchanges. Option contracts, including over-the-counter option contracts, with no readily available market quotations are valued using mid-market evaluations from independent third-party vendors.

Swap transactions are valued through an independent pricing service or broker, or if neither is available, through an internal model based upon observable inputs.

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.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 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.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

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.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

**Futures contracts**

Futures contracts are exchange-traded and represent commitments for the future purchase or sale of an asset at a specified price on a specified date. The Fund bought and sold futures contracts to manage its exposure to the securities markets or to movements in interest rates and currency values. A Fund invests in futures contracts as part of its primary investment strategy and/or to equitize its cash flows. Investments in futures contracts may increase or decrease exposure to a particular market. These instruments may be used for other purposes in future periods. Upon entering into futures contracts, the Fund bears risks that it may not achieve the anticipated benefits of the futures contracts and may realize a loss. Additional risks include counterparty credit risk, the possibility of an illiquid market, and that a change in the value of the contract or option may not correlate with changes in the value of the underlying asset.

Upon entering into a futures contract, the Fund deposits cash or securities with the broker, known as a futures commission merchant (FCM), in an amount sufficient to meet the initial margin requirement. The initial margin deposit must be maintained at an established level over the life of the contract. Cash deposited as initial margin is recorded in the Statement of Assets and Liabilities as margin deposits. Securities deposited as initial margin are designated in the Portfolio of Investments. Subsequent payments (variation margin) are made or received by the Fund each day. The variation margin payments are equal to the daily change in the contract value and are recorded as variation margin receivable or payable and are offset in unrealized gains or losses. The Fund generally expects to earn interest income on its margin deposits. The Fund recognizes a realized gain or loss when the contract is closed or expires. Futures contracts involve, to varying degrees, risk of loss in excess of the variation margin disclosed in the Statement of Assets and Liabilities.

**Options contracts**

Options are contracts which entitle the holder to purchase or sell securities or other identified assets at a specified price, or in the case of index option contracts, to receive or pay the difference between the index value and the strike price of the index option contract. Option contracts can be either exchange-traded or over-the-counter. The Fund may use options that are written or purchased to enhance returns or to hedge an existing position or future investment. A Fund may write call and put options on securities and financial derivative instruments it owns or in which it may invest. Writing put options tends to increase a Fund's exposure to the underlying instrument. Writing call options tends to decrease a Fund's exposure to the underlying instrument. When a Fund writes a call or put, an amount equal to the premium received is recorded and subsequently marked to market to reflect the current value of the option written. These instruments may be used for other purposes in future periods. Completion of transactions for option contracts traded in the over-the-counter market depends upon the performance of the other party. Collateral may be collected or posted by the Fund to secure over-the-counter option contract trades. Collateral held or posted by the Fund for such option contract trades must be returned to the broker or the Fund upon closure, exercise or expiration of the contract.

Options contracts purchased are recorded as investments. When the Fund writes an options contract, the premium received is recorded as an asset and an amount equivalent to the premium is recorded as a liability in the Statement of Assets and Liabilities and is subsequently adjusted to reflect the current fair value of the option written. Changes in the fair value of the written option are recorded as unrealized appreciation or depreciation until the contract is exercised or has expired. The Fund realizes a gain or loss when the option contract is closed or expires. When option contracts are exercised, the proceeds on sales for a written call or purchased put option contract, or the purchase cost for a written put or purchased call option contract, is adjusted by the amount of premium received or paid.

For over-the-counter options purchased, the Fund bears the risk of loss of the amount of the premiums paid plus the positive change in market values net of any collateral held by the Fund should the counterparty fail to perform under the contracts. Option contracts written by the Fund do not typically give rise to significant counterparty credit risk, as options written generally obligate the Fund and not the counterparty to perform. The risk in writing a call option contract is that the Fund gives up the opportunity for profit if the market price of the security increases above the strike price and the option

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

contract is exercised. The risk in writing a put option contract is that the Fund may incur a loss if the market price of the security decreases below the strike price and the option contract is exercised. Exercise of a written option could result in the Fund purchasing or selling a security or foreign currency when it otherwise would not, or at a price different from the current market value. In purchasing and writing options, the Fund bears the risk of an unfavorable change in the value of the underlying instrument or the risk that the Fund may not be able to enter into a closing transaction due to an illiquid market.

**Interest rate swaption contracts** 

Interest rate swaption contracts entered into by the Fund typically represent an option that gives the purchaser the right, but not the obligation, to enter into an interest rate swap contract on a future date. Each interest rate swaption contract will specify if the buyer is entitled to receive the fixed or floating rate if the option is exercised. Changes in the value of purchased interest rate swaption contracts are reported as unrealized appreciation or depreciation on options in the Statement of Assets and Liabilities. Gain or loss is recognized in the Statement of Operations when the interest rate swaption contract is closed or expires.

When the Fund writes an interest rate swaption contract, the premium received is recorded as an asset and an amount equivalent to the premium is recorded as a liability in the Statement of Assets and Liabilities and is subsequently adjusted to reflect the current fair value of the interest rate swaption contract written. Premiums received from writing interest rate swaption contracts that expire unexercised are recorded by the Fund on the expiration date as realized gains from options written in the Statement of Operations. The difference between the premium and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is also recorded as realized gain, or if the premium is less than the amount paid for the closing purchase, as realized loss. These amounts are reflected as net realized gain (loss) on options written in the Statement of Operations.

**Swap contracts**

Swap contracts are negotiated in the over-the-counter market and are entered into bilaterally or centrally cleared (centrally cleared swap contract). In a centrally cleared swap contract, immediately following execution of the swap contract with a broker, the swap contract is novated to a central counterparty and the central counterparty becomes the Fund's counterparty to the centrally cleared swap contract. The Fund is required to deposit initial margin with the futures commission merchant (FCM), which pledges it through to the central counterparty in the form of cash or securities in an amount that varies depending on the size and risk profile of the particular swap contract. Securities deposited as initial margin are designated in the Portfolio of Investments and cash deposited is recorded in the Statement of Assets and Liabilities as margin deposits. For a bilateral swap contract, the Fund has credit exposure to the broker, but exchanges daily variation margin with the broker based on the marked-to-market value of the swap contract to minimize that exposure. For centrally cleared swap contracts, there is less credit exposure to the FCM than in the case of an over-the-counter derivative, because the central counterparty provides some protection in the case of clearing member default. The central counterparty stands between the buyer and the seller of the swap contract; therefore, failure of the clearinghouse may pose additional counterparty credit risk. However, credit risk still exists in centrally cleared swaps to the extent initial and variation margin is held in an FCM's customer account. While FCMs are required to segregate customer margin from their own assets, in the event that an FCM becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the FCM for all its clients, U.S. bankruptcy laws will typically allocate that shortfall on a pro-rata basis across all of the FCM's customers (including the Fund) by account class, potentially resulting in losses to the Fund. Swap contracts are marked-to-market daily and changes in value are recorded as unrealized appreciation (depreciation). The daily change in valuation of centrally cleared swap contracts, if any, is recorded as a receivable or payable for variation margin in the Statement of Assets and Liabilities.

Entering into these contracts involves, to varying degrees, elements of interest, liquidity and counterparty credit risk in excess of the amounts recognized in the Statement of Assets and Liabilities. Such risks involve the possibility that there may be unfavorable changes in interest rates, market conditions or other conditions, that it may be difficult to initiate a swap transaction or liquidate a position at an advantageous time or price which may result in significant losses, and that the bilateral counterparty, FCM or central counterparty, as applicable, may not fulfill its obligation under the contract.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Credit default swap contracts**

The Fund entered into credit default swap contracts to hedge or manage the risks associated with assets held in the Fund and/or to facilitate the implementation of portfolio strategies to seek to increase the total return. These swaps are entered into to provide a measure of protection against defaults of the issuers (i.e., to reduce risk where a Fund owns or has exposure to the referenced obligation) or to take an active long or short position with respect to the likelihood of a particular issuer's default. These instruments may be used for other purposes in future periods. Credit default swap contracts are transactions in which one party pays fixed periodic payments to a counterparty in consideration for an agreement from the counterparty to make a specific payment should a specified credit event(s) take place. Although specified credit events are contract specific, credit events are typically bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium.

As the purchaser of a credit default swap contract, the Fund purchases protection by paying a periodic interest rate on the notional amount to the counterparty. The interest amount is accrued daily as a component of unrealized appreciation (depreciation) and is recorded as a realized loss upon payment. If a credit event as specified in the contract occurs, the Fund may have the option either to deliver the reference obligation to the seller in exchange for a cash payment of its par amount, or to receive a net cash settlement equal to the par amount less an agreed-upon value of the reference obligation as of the date of the credit event. The difference between the value of the obligation or cash delivered and the notional amount received will be recorded as a realized gain (loss).

As the seller of a credit default swap contract, the Fund sells protection to a buyer and will generally receive a periodic interest rate on a notional amount. The interest amount is accrued daily as a component of unrealized appreciation (depreciation) and is recorded as a realized gain upon receipt of the payment. If a credit event as specified in the contract with the counterparty occurs, the Fund may either be required to accept the reference obligation from the buyer in exchange for a cash payment of its notional amount, or to pay the buyer a net cash settlement equal to the notional amount less an agreed-upon value of the reference obligation (recovery value) as of the date of the credit event. The difference between the value of the obligation or cash received and the notional amount paid will be recorded as a realized gain (loss). The maximum potential amount of undiscounted future payments the Fund could be required to make as the seller of protection under a credit default swap contract is equal to the notional amount of the reference obligation. These potential amounts may be partially offset by any recovery values of the respective reference obligations or upfront receipts upon entering into the agreement. The notional amounts and market values of all credit default swap contracts in which the Fund is the seller of protection, if any, are disclosed in the Credit Default Swap Contracts Outstanding schedule following the Portfolio of Investments.

As a protection seller, the Fund bears the risk of loss from the credit events specified in the contract with the counterparty. For credit default swap contracts on credit indices, quoted market prices and resulting market values serve as an indicator of the current status of the payment/performance risk. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the reference entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract.

Any upfront payment or receipt by the Fund upon entering into a credit default swap contract is recorded as an asset or liability, respectively, and amortized daily as a component of realized gain (loss) in the Statement of Operations. Credit default swap contracts are valued daily, and the change in value is recorded as unrealized appreciation (depreciation) until the termination of the swap, at which time a realized gain (loss) is recorded.

Credit default swap contracts can involve greater risks than if a fund had invested in the reference obligation directly since, in addition to general market risks, credit default swaps are subject to other risks including counterparty credit risk, leverage risk, hedging risk, correlation risk and liquidity risk.

**Interest rate and inflation rate swap contracts**

The Fund entered into interest rate swap transactions or inflation rate swap contracts (together, rate swaps) to help hedge against interest rate risk exposure and to maintain the Fund's ability to generate income at prevailing market rates. The value of the fixed rate bonds that the Fund holds may decrease if interest rates rise. To help hedge against this risk and to maintain its ability to generate income at prevailing market rates, the Fund may enter into interest rate swap agreements.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

These instruments may be used for other purposes in future periods. A rate swap is an agreement between two parties where there are two flows and payments are made between the two counterparties and the payments are dependent upon changes in an interest rate, inflation rate or inflation index calculated on a notional amount. Certain rate swaps are considered forward-starting, whereby the accrual for the exchange of cash flows does not begin until a specified date in the future. The net cash flow for a standard rate swap is generally the difference between a floating market interest rate or floating rate linked to an inflation index versus a fixed interest rate as applied to the notional amount.

Rate swaps are valued daily and unrealized appreciation (depreciation) is recorded. Certain rate swaps may accrue periodic interest on a daily basis as a component of unrealized appreciation (depreciation); the Fund will realize a gain or loss upon the payment or receipt of accrued interest. The Fund will realize a gain or a loss when the rate swap is terminated.

**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:

---

| | | |
|:---|:---|:---|
|  | **Asset derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Credit risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 576,845<br> \*<br>|
| Credit risk | Upfront payments on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 8994808 |
| Foreign exchange risk | Unrealized appreciation on forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp; 27153 |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 4,768,855<br> \*<br>|
| Interest rate risk | Investments, at value — Option contracts purchased | &nbsp;&nbsp;&nbsp;&nbsp; 28647898 |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized appreciation on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 20,085,607<br> \*<br>|
| Total |  | &nbsp;&nbsp;&nbsp;&nbsp; 63101166 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Liability derivatives** |  |
| **Risk exposure** <br>**category**<br>| &nbsp;&nbsp; **Statement** <br>**of assets and liabilities** <br>**location**<br>| **Fair value ($)** |
| Credit risk | Component of total distributable earnings (loss) — unrealized depreciation on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 7,855,909<br> \*<br>|
| Credit risk | Upfront receipts on swap contracts | &nbsp;&nbsp;&nbsp;&nbsp; 7381495 |
| Foreign exchange risk | Unrealized depreciation on forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp; 656010 |
| Interest rate risk | Component of total distributable earnings (loss) — unrealized depreciation on futures contracts | &nbsp;&nbsp;&nbsp;&nbsp; 5,246,083<br> \*<br>|
| Interest rate risk | Option contracts written, at value | &nbsp;&nbsp;&nbsp;&nbsp; 2107578 |
| Total |  | &nbsp;&nbsp;&nbsp;&nbsp; 23247075 |

---

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

\* Includes cumulative appreciation (depreciation) as reported in the tables following the Portfolio of Investments. Only the current day's variation margin for futures and centrally cleared swaps, if any, is reported in receivables or payables in the Statement of Assets and Liabilities.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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** | **Amount of realized gain (loss) on derivatives recognized in income** | **Amount of realized gain (loss) on derivatives recognized in income** | **Amount of realized gain (loss) on derivatives recognized in income** | **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>**($)**<br>| &nbsp;&nbsp;&nbsp; **Futures** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Option** <br>**contracts** <br>**purchased** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Option** <br>**contracts** <br>**written** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Swap** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**($)**<br>|
| Credit risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1848095 | &nbsp;&nbsp;&nbsp;&nbsp; 1848095 |
| Foreign exchange risk | &nbsp;&nbsp; (406971)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (406971)<br>|
| Interest rate risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (900202)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (53654725)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7204948 | &nbsp;&nbsp;&nbsp;&nbsp; 691004 | &nbsp;&nbsp;&nbsp;&nbsp; (46658975)<br>|
| Total | &nbsp;&nbsp; (406971)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (900202)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (53654725)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7204948 | &nbsp;&nbsp;&nbsp;&nbsp; 2539099 | &nbsp;&nbsp;&nbsp;&nbsp; (45217851)<br>|
| **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **Change in unrealized appreciation (depreciation) on derivatives recognized in income** | **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>**($)**<br>| &nbsp;&nbsp;&nbsp; **Futures** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Option** <br>**contracts** <br>**purchased** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Option** <br>**contracts** <br>**written** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Swap** <br>**contracts** <br>**($)**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**($)**<br>|
| Credit risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (4432437)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4432437)<br>|
| Foreign exchange risk | &nbsp;&nbsp; (168029)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (168029)<br>|
| Interest rate risk | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2260988 | &nbsp;&nbsp;&nbsp;&nbsp; 18219736 | &nbsp;&nbsp;&nbsp;&nbsp; (1847810)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1496881)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17136033 |
| Total | &nbsp;&nbsp; (168029)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2260988 | &nbsp;&nbsp;&nbsp;&nbsp; 18219736 | &nbsp;&nbsp;&nbsp;&nbsp; (1847810)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5929318)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12535567 |

---

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 notional** <br>**amounts ($)**<br>|
| Futures contracts — long | 2323539908 |
| Futures contracts — short | 4179589863 |
| Credit default swap contracts — buy protection | 44050000 |
| Credit default swap contracts — sell protection | 93633427 |

---

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

---

| | |
|:---|:---|
| **Derivative instrument** | **Average** <br>**value ($)**<br>|
| Option contracts purchased | 36357284 |
| Option contracts written | (3159198)<br>|

---

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

---

| | | |
|:---|:---|:---|
| **Derivative instrument** | **Average unrealized** <br>**appreciation ($)**<br>| &nbsp;&nbsp;&nbsp; **Average unrealized** <br>**depreciation ($)**<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; 359651 | &nbsp;&nbsp;&nbsp;&nbsp; (411554)<br>|
| Interest rate swap contracts | &nbsp;&nbsp; 21050565 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

**Investments in senior loans** 

The Fund may invest in senior loan assignments. When the Fund purchases an assignment of a senior loan, the Fund typically has direct rights against the borrower; provided, however, that the Fund's rights may be more limited than the lender from which it acquired the assignment and the Fund may be able to enforce its rights only through an administrative agent. Although certain senior loan assignments are secured by collateral, the Fund could experience delays or limitations in realizing such collateral or have its interest subordinated to other indebtedness of the obligor. In the event that the administrator or collateral agent of a loan becomes insolvent or enters into receivership or bankruptcy, the Fund may incur costs and delays in realizing payment or may suffer a loss of principal and/or interest. The risk of loss is greater for

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

unsecured or subordinated loans. In addition, senior loan assignments are vulnerable to market, economic or other conditions or events that may reduce the demand for senior loan assignments and certain senior loan assignments which were liquid when purchased, may become illiquid.

The Fund may enter into senior loan assignments where all or a portion of the loan may be unfunded. The Fund is obligated to fund these commitments at the borrower's discretion. These commitments, if any, are generally traded and priced in the same manner as other senior loan securities and are disclosed as unfunded senior loan commitments in the Fund's Portfolio of Investments with a corresponding payable for investments purchased on a delayed delivery basis. The Fund designates cash or liquid securities to cover these commitments.

**Asset- and mortgage-backed securities** 

The Fund may invest in asset-backed and mortgage-backed securities. The maturity dates shown represent the original maturity of the underlying obligation. Actual maturity may vary based upon prepayment activity on these obligations. All, or a portion, of the obligation may be prepaid at any time because the underlying asset may be prepaid. As a result, decreasing market interest rates could result in an increased level of prepayment. An increased prepayment rate will have the effect of shortening the maturity of the security. Unless otherwise noted, the coupon rates presented are fixed rates.

**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.

**To be announced securities** 

The Fund may trade securities on a To Be Announced (TBA) basis. As with other delayed-delivery transactions, a seller agrees to issue a TBA security at a future date. However, the seller does not specify the particular securities to be delivered. Instead, the Fund agrees to accept any security that meets specified terms.

In some cases, Master Securities Forward Transaction Agreements (MSFTAs) may be used to govern transactions of certain forward-settling agency mortgage-backed securities, such as delayed-delivery and TBAs, between the Fund and counterparty. The MSFTA maintains provisions for, among other things, initiation and confirmation, payment and transfer, events of default, termination, and maintenance of collateral relating to such transactions.

**Mortgage dollar roll transactions**

The Fund may enter into mortgage "dollar rolls" in which the Fund sells securities for delivery in the current month and simultaneously contracts with the same counterparty to repurchase similar but not identical securities (same type, coupon and maturity) on a specified future date. These transactions may increase the Fund's portfolio turnover rate. During the roll period, the Fund loses the right to receive principal and interest paid on the securities sold. However, the Fund may benefit because it receives negotiated amounts in the form of reductions of the purchase price for the future purchase plus the interest earned on the cash proceeds of the securities sold until the settlement date of the forward purchase. The Fund records the incremental difference between the forward purchase and sale of each forward roll as a realized gain or loss. Unless any realized gains exceed the income, capital appreciation, and gain or loss due to mortgage prepayments that would have been realized on the securities sold as part of the mortgage dollar roll, the use of this technique may diminish the investment performance of the Fund compared to what the performance would have been without the use of mortgage dollar rolls. Mortgage dollar rolls involve the risk that the market value of the securities the Fund is obligated to repurchase may decline below the repurchase price, or that the counterparty may default on its obligations. All cash proceeds will be invested in instruments that are permissible investments for the Fund. The Fund identifies cash or liquid securities in an amount equal to the forward purchase price. The Fund does not currently enter into mortgage dollar rolls that are accounted for as financing transactions.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Joint venture** 

Long Run Partners (LRP) and the Fund, along with certain other affiliated funds, are members of Itasca Park LLC, a joint venture formed as a Delaware limited liability company that is not consolidated by any member for financial reporting purposes. Investments into Itasca Park LLC will be called from the members over a commitment period to end on December 31, 2026 (Commitment Period). All portfolio and other material decisions regarding Itasca Park LLC must be submitted to Itasca Park LLC's board of directors which is comprised of two LRP representatives and one representative for each of the affiliated investing funds. Because management of Itasca Park LLC is shared between LRP and the other members, the Fund does not believe it controls Itasca Park LLC for purposes of the Investment Company Act or otherwise. The Fund does not consider this non-consolidated investment as a significant subsidiary under Regulation S-X Rules 3-09 and 4-08(g).

The Fund has made a commitment of $25,000,000 to Itasca Park LLC of which $13,000,000 has been funded and $12,000,000 remains unfunded for the six months ended February 28, 2026.

Funded investments in non-consolidated joint ventures are stated at fair value. Unfunded investments are stated at cost with a corresponding liability for securities purchased on a delayed delivery basis. The Fund's ownership interests are valued based on the Fund's ownership interest in Itasca Park LLC and the fair value of the underlying loans and residential mortgages, using the same techniques as described within this Note. Any other factors, such as ownership percentage, ownership rights, buy/sell agreements, distribution provisions, and capital call obligations are also considered.

Distributions to the Fund are not expected during the Commitment Period. During the Commitment Period, all available cash will be used to aggregate additional loans. Upon completion of the Commitment Period, available cash will be distributed first based on pro-rata equity ownership in Itasca Park LLC until all capital contributions have been returned then as income and gain distributions. Itasca Park LLC will return capital within 48 months of the completion of the Commitment Period with two, 12-month extension options.

**Interest only and principal only securities** 

The Fund may invest in Interest Only (IO) or Principal Only (PO) securities. IOs are stripped securities entitled to receive all of the security's interest, but none of its principal. IOs are particularly sensitive to changes in interest rates and therefore subject to greater fluctuations in price than typical interest bearing debt securities. IOs are also subject to credit risk because the Fund may not receive all or part of the interest payments if the issuer, obligor, guarantor or counterparty defaults on its obligation. Payments received for IOs are included in interest income in the Statement of Operations. Because no principal will be received at the maturity of an IO, adjustments are made to the cost of the security on a monthly basis until maturity. These adjustments are included in interest income in the Statement of Operations. POs are stripped securities entitled to receive the principal from the underlying obligation, but not the interest. POs are particularly sensitive to changes in interest rates and therefore are subject to fluctuations in price. POs are also subject to credit risk because the Fund may not receive all or part of its principal if the issuer, obligor, guarantor or counterparty defaults on its obligation. The Fund may also invest in IO or PO stripped mortgage-backed securities. Payments received for POs are treated as reductions to the cost and par value of the securities.

Columbia Strategic Income 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**<sup>(a)</sup> <br>| **Citi**<sup>(a)</sup> <br>| **Goldman** <br>**Sachs** <br>**International**<br>| **JPMorgan** | **Morgan** <br>**Stanley**<sup>(a)</sup> <br>| **Morgan** <br>**Stanley**<sup>(a)</sup> <br>| **Total** |
| **Assets** |  |  |  |  |  |  |  |
| Centrally cleared credit default swap contracts <sup>(b)</sup> <br>| $&nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 5823819<br>| &nbsp;&nbsp; 5823819<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; 27153<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 27153<br>|
| Call option contracts purchased | &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 2567405<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 21844041<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 24411446<br>|
| Put option contracts purchased | &nbsp;&nbsp; 395692<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 3840760<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 4236452<br>|
| OTC credit default swap contracts <sup>(c)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 5817260<br>| &nbsp;&nbsp; 609216<br>| &nbsp;&nbsp; 510101<br>| &nbsp;&nbsp; 2433642<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 9370219<br>|
| Total assets | &nbsp;&nbsp; 422845<br>| &nbsp;&nbsp; 5817260<br>| &nbsp;&nbsp; 3176621<br>| &nbsp;&nbsp; 510101<br>| &nbsp;&nbsp; 28118443<br>| &nbsp;&nbsp; 5823819<br>| &nbsp;&nbsp; 43869089<br>|
| **Liabilities** |  |  |  |  |  |  |  |
| Centrally cleared interest rate swap contracts <sup>(b)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 353129<br>| &nbsp;&nbsp; 353129<br>|
| Forward foreign currency exchange contracts | &nbsp;&nbsp; 656010<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 656010<br>|
| Call option contracts written | &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 2107578<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 2107578<br>|
| OTC credit default swap contracts <sup>(c)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 6892305<br>| &nbsp;&nbsp; 99115<br>| &nbsp;&nbsp; 4744572<br>| &nbsp;&nbsp; 3501412<br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; 15237404<br>|
| Total liabilities | &nbsp;&nbsp; 656010<br>| &nbsp;&nbsp; 6892305<br>| &nbsp;&nbsp; 99115<br>| &nbsp;&nbsp; 4744572<br>| &nbsp;&nbsp; 5608990<br>| &nbsp;&nbsp; 353129<br>| &nbsp;&nbsp; 18354121<br>|
| **Total financial and derivative net assets** | &nbsp;&nbsp; **(233165)**<br>| &nbsp;&nbsp; **(1075045)**<br>| &nbsp;&nbsp; **3077506**<br>| &nbsp;&nbsp; **(4234471)**<br>| &nbsp;&nbsp; **22509453**<br>| &nbsp;&nbsp; **5470690**<br>| &nbsp;&nbsp; **25514968**<br>|
| Total collateral received (pledged) <sup>(d)</sup> <br>| &nbsp;&nbsp; -<br>| &nbsp;&nbsp; (1049000)<br>| &nbsp;&nbsp; 2470000<br>| &nbsp;&nbsp; (3950000)<br>| &nbsp;&nbsp; 18309000<br>| &nbsp;&nbsp; - | &nbsp;&nbsp; 15780000 |
| **Net amount** <sup>(e)</sup> <br>| $&nbsp;&nbsp; **(233165)**<br>| &nbsp;&nbsp; **(26045)**<br>| &nbsp;&nbsp; **607506**<br>| &nbsp;&nbsp; **(284471)**<br>| &nbsp;&nbsp; **4200453**<br>| &nbsp;&nbsp; **5470690** | &nbsp;&nbsp; **9734968** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Exposure can only be netted across transactions governed under the same master agreement with the same legal entity.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Centrally cleared swaps are included within payable/receivable for variation margin in the Statement of Assets and Liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Over-the-Counter (OTC) swap contracts are presented at market value plus periodic payments receivable (payable), which is comprised of unrealized appreciation, unrealized depreciation, upfront payments and upfront receipts.

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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.

The trade date for senior loans purchased in the primary market is the date on which the loan is allocated. The trade date for senior loans purchased in the secondary market is the date on which the transaction is entered into.

**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 classifies gains and losses realized on prepayments received on mortgage-backed securities as adjustments to interest income. 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.

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.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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.

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.

The Fund may receive other income from senior loans, including amendment fees, consent fees and commitment fees. These fees are recorded as income when received by the Fund. These amounts are included in Interest Income in the Statement of Operations.

Income and capital gain distributions from investments in underlying funds, if any, are 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.

**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.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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 0.548% of the Fund's average daily net assets.

The Investment Manager has contractually agreed to implement a waiver with respect to Fund assets invested in funds that pay a management or advisory fee to the Investment Manager or its affiliate (underlying affiliated funds). Under this arrangement, the Investment Manager waives its net management fee (management fee less reimbursements/waivers) with respect to the Fund in an amount equal to the net management or advisory fee (fee less reimbursement/waivers) payable by an underlying affiliated fund on the assets invested by the Fund in the underlying affiliated fund.

**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 Strategic Income 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 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 | 0.09 |
| Class C | 0.09 |
| Institutional Class | 0.09 |
| Institutional 2 Class | 0.05 |
| Institutional 3 Class | 0.00 |
| Class R | 0.09 |
| Class S | 0.09 |

---

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 $2,000.

**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, distribution and shareholder service plans (the Plans) applicable to certain share classes, which set 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 Plans, the Fund pays a monthly service fee to the Distributor at the maximum annual rate of 0.25% of the average daily net assets attributable to Class A and Class C shares of the Fund. Also under the Plans, the Fund pays a monthly distribution fee to the Distributor at the maximum annual rates of 0.75% and 0.50% of the average daily net assets attributable to Class C and Class R shares of the Fund, respectively.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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; 386852 |
| Class C | —<br> &nbsp;&nbsp;&nbsp;&nbsp; 1.00 <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3780 |

---

&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.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This charge applies to redemptions within 12 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;0.93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.93 |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.68 |
| 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;0.68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.68 |
| 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;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.65 |
| 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;0.59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.60 |
| 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;1.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.18 |
| Class S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.68 |

---

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>|
| 6847292000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (161585000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35720000 |

---

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 ($)** |
| (99605047)<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; (533218956)<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; (632824003)<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 $8,268,146,805 and $8,826,474,910, respectively, for the six months ended February 28, 2026, of which $6,499,594,245 and $7,089,512,907, respectively, were U.S. government securities. 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'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 | 666667 | &nbsp;&nbsp;&nbsp;&nbsp;4.34 | &nbsp;&nbsp;&nbsp;&nbsp; 9 |

---

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.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 21.9% 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 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.

Columbia Strategic Income Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 Strategic Income Fund \| 2026

------

[THIS PAGE INTENTIONALLY LEFT BLANK]

------

**Columbia Strategic Income Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787imged9e843c2.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/

SAR232_08_T01_(04/26)

------

![](g469787imge34c915d1.jpg)

Multi-Manager International Equity Strategies 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_11556dbd-513d-42c3-8f3f-0b645ea8badb_POI-CommonContent-Date-789_1) | 3 |
| [Statement of Assets and Liabilities](#xx_11556dbd-513d-42c3-8f3f-0b645ea8badb_FS-CommonContent-Date-789_1) | 16 |
| [Statement of Operations](#xx_11556dbd-513d-42c3-8f3f-0b645ea8badb_FS-CommonContent-Date-789_2) | 17 |
| [Statement of Changes in Net Assets](#xx_11556dbd-513d-42c3-8f3f-0b645ea8badb_FS-CommonContent-Date-789_3) | 18 |
| [Financial Highlights](#xx_11556dbd-513d-42c3-8f3f-0b645ea8badb_FIHI-CommonContent-Date-789_1) | 19 |
| [Notes to Financial Statements](#xx_11556dbd-513d-42c3-8f3f-0b645ea8badb_NTF-CommonContent-Date-789_1) | 20 |

---

Multi-Manager International Equity Strategies 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 98.0%** | **Common Stocks 98.0%** | **Common Stocks 98.0%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Australia 0.9%** | **Australia 0.9%** | **Australia 0.9%** |
| Aristocrat Leisure Ltd. | &nbsp;&nbsp; 26417 | &nbsp;&nbsp; 903110 |
| BlueScope Steel Ltd. | &nbsp;&nbsp; 7612 | &nbsp;&nbsp; 151637 |
| Brambles Ltd. | &nbsp;&nbsp; 65446 | &nbsp;&nbsp; 1167172 |
| Cochlear Ltd. | &nbsp;&nbsp; 23950 | &nbsp;&nbsp; 3391429 |
| CSL Ltd. | &nbsp;&nbsp; 55200 | &nbsp;&nbsp; 5778704 |
| Evolution Mining Ltd. | &nbsp;&nbsp; 99310 | &nbsp;&nbsp; 1178219 |
| Northern Star Resources Ltd. | &nbsp;&nbsp; 66981 | &nbsp;&nbsp; 1468207 |
| Qantas Airways Ltd. | &nbsp;&nbsp; 38413 | &nbsp;&nbsp; 271868 |
| REA Group Ltd. | &nbsp;&nbsp; 2530 | &nbsp;&nbsp; 299318 |
| Rio Tinto PLC, ADR | &nbsp;&nbsp; 64717 | &nbsp;&nbsp; 6428987 |
| Telstra Corp., Ltd. | &nbsp;&nbsp; 189514 | &nbsp;&nbsp; 698604 |
| Transurban Group | &nbsp;&nbsp; 141888 | &nbsp;&nbsp; 1446506 |
| Waypoint REIT Ltd. | &nbsp;&nbsp; 321481 | &nbsp;&nbsp; 583403 |
| Wesfarmers Ltd. | &nbsp;&nbsp; 50797 | &nbsp;&nbsp; 2877810 |
| Woolworths Group Ltd. | &nbsp;&nbsp; 56128 | &nbsp;&nbsp; 1438911 |
| **Total** | **Total** | &nbsp;&nbsp; **28083885** |
| **Austria 0.1%** | **Austria 0.1%** | **Austria 0.1%** |
| Erste Group Bank AG | &nbsp;&nbsp; 11933 | &nbsp;&nbsp; 1416378 |
| Erste Group Bank AG | &nbsp;&nbsp; 1786 | &nbsp;&nbsp; 212129 |
| OMV AG | &nbsp;&nbsp; 18197 | &nbsp;&nbsp; 1178806 |
| voestalpine AG | &nbsp;&nbsp; 3988 | &nbsp;&nbsp; 228234 |
| **Total** | **Total** | &nbsp;&nbsp; **3035547** |
| **Belgium 1.1%** | **Belgium 1.1%** | **Belgium 1.1%** |
| Anheuser-Busch InBev SA/NV | &nbsp;&nbsp; 246944 | &nbsp;&nbsp; 20080315 |
| D'ieteren Group | &nbsp;&nbsp; 1040 | &nbsp;&nbsp; 224870 |
| Proximus SADP | &nbsp;&nbsp; 55072 | &nbsp;&nbsp; 454535 |
| Syensqo SA | &nbsp;&nbsp; 137266 | &nbsp;&nbsp; 7826307 |
| UCB SA | &nbsp;&nbsp; 14716 | &nbsp;&nbsp; 4420442 |
| UCB SA, ADR | &nbsp;&nbsp; 2675 | &nbsp;&nbsp; 398682 |
| **Total** | **Total** | &nbsp;&nbsp; **33405151** |
| **Bermuda 0.0%** | **Bermuda 0.0%** | **Bermuda 0.0%** |
| Himalaya Shipping Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 20210 | &nbsp;&nbsp; 299697 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Brazil 1.0%** | **Brazil 1.0%** | **Brazil 1.0%** |
| B3 SA - Brasil Bolsa Balcao | &nbsp;&nbsp; 3102000 | &nbsp;&nbsp; 10843234 |
| MercadoLibre, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 6456 | &nbsp;&nbsp; 11346937 |
| Wheaton Precious Metals Corp. | &nbsp;&nbsp; 62931 | &nbsp;&nbsp; 10298658 |
| **Total** | **Total** | &nbsp;&nbsp; **32488829** |
| **Canada 2.7%** | **Canada 2.7%** | **Canada 2.7%** |
| Agnico Eagle Mines Ltd. | &nbsp;&nbsp; 17696 | &nbsp;&nbsp; 4452314 |
| Alamos Gold, Inc., Class A | &nbsp;&nbsp; 86764 | &nbsp;&nbsp; 4701741 |
| Alimentation Couche-Tard, Inc. | &nbsp;&nbsp; 155200 | &nbsp;&nbsp; 9418611 |
| Barrick Mining Corp. | &nbsp;&nbsp; 335274 | &nbsp;&nbsp; 17011803 |
| Barrick Mining Corp. | &nbsp;&nbsp; 4995 | &nbsp;&nbsp; 251798 |
| Canadian Pacific Kansas City Ltd. | &nbsp;&nbsp; 241322 | &nbsp;&nbsp; 21130823 |
| Capstone Copper Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 21951 | &nbsp;&nbsp; 227065 |
| CCL Industries, Inc., Class B | &nbsp;&nbsp; 1845 | &nbsp;&nbsp; 128334 |
| Constellation Software, Inc. | &nbsp;&nbsp; 1832 | &nbsp;&nbsp; 3385396 |
| Ero Copper Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 36197 | &nbsp;&nbsp; 1237214 |
| First Majestic Silver Corp. | &nbsp;&nbsp; 154748 | &nbsp;&nbsp; 4953484 |
| Lumine Group, Inc.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 139388 | &nbsp;&nbsp; 2169427 |
| Shopify, Inc., Class A<sup>(a)</sup> <br>| &nbsp;&nbsp; 35785 | &nbsp;&nbsp; 4320323 |
| Stella-Jones, Inc. | &nbsp;&nbsp; 42376 | &nbsp;&nbsp; 2908117 |
| Teck Resources Ltd., Class B | &nbsp;&nbsp; 114405 | &nbsp;&nbsp; 6737310 |
| TFI International, Inc. | &nbsp;&nbsp; 25983 | &nbsp;&nbsp; 3104321 |
| Wesdome Gold Mines Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 25877 | &nbsp;&nbsp; 508224 |
| Wesdome Gold Mines Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 21363 | &nbsp;&nbsp; 420040 |
| **Total** | **Total** | &nbsp;&nbsp; **87066345** |
| **Chile 0.4%** | **Chile 0.4%** | **Chile 0.4%** |
| Antofagasta PLC | &nbsp;&nbsp; 19673 | &nbsp;&nbsp; 1130267 |
| Lundin Mining Corp. | &nbsp;&nbsp; 335708 | &nbsp;&nbsp; 10695993 |
| Lundin Mining Corp. | &nbsp;&nbsp; 18113 | &nbsp;&nbsp; 578921 |
| **Total** | **Total** | &nbsp;&nbsp; **12405181** |
| **China 3.9%** | **China 3.9%** | **China 3.9%** |
| Agricultural Bank of China Ltd., Class H | &nbsp;&nbsp; 3074000 | &nbsp;&nbsp; 2081393 |
| Aluminum Corp. of China Ltd., Class H | &nbsp;&nbsp; 1900000 | &nbsp;&nbsp; 3426172 |
| Bank of Chongqing Co., Ltd., Class H | &nbsp;&nbsp; 617000 | &nbsp;&nbsp; 602878 |
| BOC Hong Kong Holdings Ltd., ADR | &nbsp;&nbsp; 6440 | &nbsp;&nbsp; 737992 |
| BOE Technology Group Co., Ltd., Class B | &nbsp;&nbsp; 204800 | &nbsp;&nbsp; 86362 |

---

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Budweiser Brewing Co., APAC Ltd. | &nbsp;&nbsp; 1125400 | &nbsp;&nbsp; 1117759 |
| Chifeng Jilong Gold Mining Co., Ltd., Class H | &nbsp;&nbsp; 14000 | &nbsp;&nbsp; 70808 |
| China Galaxy Securities Co., Ltd., Class H | &nbsp;&nbsp; 2090000 | &nbsp;&nbsp; 2639312 |
| China Gold International Resources Corp., Ltd. | &nbsp;&nbsp; 14594 | &nbsp;&nbsp; 390514 |
| China Gold International Resources Corp., Ltd. | &nbsp;&nbsp; 9500 | &nbsp;&nbsp; 248716 |
| China Hongqiao Group Ltd. | &nbsp;&nbsp; 261500 | &nbsp;&nbsp; 1179490 |
| China International Capital Corp. Ltd., Class H | &nbsp;&nbsp; 1286000 | &nbsp;&nbsp; 3314233 |
| China Life Insurance Co., Ltd., Class H | &nbsp;&nbsp; 37000 | &nbsp;&nbsp; 148430 |
| China National Building Material Co., Ltd., Class H | &nbsp;&nbsp; 4386000 | &nbsp;&nbsp; 3802830 |
| China Nonferrous Mining Corp., Ltd. | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 315381 |
| China Petroleum & Chemical Corp., Class H | &nbsp;&nbsp; 1204000 | &nbsp;&nbsp; 837827 |
| China Southern Airlines Co., Ltd., Class H<sup>(a)</sup> <br>| &nbsp;&nbsp; 962000 | &nbsp;&nbsp; 722607 |
| China Taiping Insurance Holdings Co., Ltd. | &nbsp;&nbsp; 485000 | &nbsp;&nbsp; 1412285 |
| China Zheshang Bank Co., Ltd., Class H | &nbsp;&nbsp; 2148000 | &nbsp;&nbsp; 738185 |
| Contemporary Amperex Technology Co., Ltd., <br> Class A<br>| &nbsp;&nbsp; 89958 | &nbsp;&nbsp; 4475701 |
| CRRC Corp., Ltd., Class H | &nbsp;&nbsp; 174000 | &nbsp;&nbsp; 128830 |
| Dongyue Group Ltd. | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 250541 |
| Futu Holdings Ltd., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 2777 | &nbsp;&nbsp; 413329 |
| GF Securities Co., Ltd. | &nbsp;&nbsp; 87800 | &nbsp;&nbsp; 192813 |
| Goldwind Science & Technology Co., Ltd., Class H | &nbsp;&nbsp; 1416000 | &nbsp;&nbsp; 2795872 |
| Haier Smart Home Co., Ltd., Class H | &nbsp;&nbsp; 53400 | &nbsp;&nbsp; 181331 |
| Haitian International Holdings Ltd. | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 145419 |
| Hisense Home Appliances Group Co., Ltd., <br> Class H<br>| &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 15298 |
| Huaxin Building Materials Group Co., Ltd., Class H | &nbsp;&nbsp; 63100 | &nbsp;&nbsp; 148406 |
| Industrial & Commercial Bank of China Ltd., <br> Class H<br>| &nbsp;&nbsp; 2816000 | &nbsp;&nbsp; 2316043 |
| Inner Mongolia ERDOS Resources Co., Ltd., <br> Class B<br>| &nbsp;&nbsp; 171600 | &nbsp;&nbsp; 213299 |
| J&T Global Express Ltd<sup>(a)</sup> <br>| &nbsp;&nbsp; 1875200 | &nbsp;&nbsp; 2461628 |
| JD Logistics, Inc.<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 839600 | &nbsp;&nbsp; 1193483 |
| Jiangxi Copper Co., Ltd., Class H | &nbsp;&nbsp; 84000 | &nbsp;&nbsp; 487277 |
| Kweichow Moutai Co., Ltd., Class A | &nbsp;&nbsp; 13200 | &nbsp;&nbsp; 2799621 |
| Lee & Man Paper Manufacturing Ltd. | &nbsp;&nbsp; 1651000 | &nbsp;&nbsp; 814495 |
| Lens Technology Co., Ltd., Class H | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 893361 |
| Livzon Pharmaceutical Group, Inc., Class H | &nbsp;&nbsp; 68900 | &nbsp;&nbsp; 255753 |
| Lygend Resources & Technology Co., Ltd., <br> Class H<sup>(b)</sup> <br>| &nbsp;&nbsp; 138400 | &nbsp;&nbsp; 510902 |
| Meituan, Class B<sup>(a)</sup> <br>| &nbsp;&nbsp; 214970 | &nbsp;&nbsp; 2213547 |
| Midea Group Co., Ltd. | &nbsp;&nbsp; 621200 | &nbsp;&nbsp; 7118532 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Orient Securities Co., Ltd., Class H | &nbsp;&nbsp; 2672000 | &nbsp;&nbsp; 2100142 |
| PDD Holdings, Inc., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 27290 | &nbsp;&nbsp; 2830792 |
| People's Insurance Co. Group of China Ltd. (The), <br> Class H<br>| &nbsp;&nbsp; 209000 | &nbsp;&nbsp; 170727 |
| PetroChina Co., Ltd., Class H | &nbsp;&nbsp; 142000 | &nbsp;&nbsp; 172952 |
| Pharmaron Beijing Co., Ltd., Class H<sup>(b)</sup> <br>| &nbsp;&nbsp; 72000 | &nbsp;&nbsp; 181421 |
| PICC Property & Casualty Co., Ltd., Class H | &nbsp;&nbsp; 132000 | &nbsp;&nbsp; 272362 |
| Ping An Insurance Group Co. of China Ltd., <br> Class H<br>| &nbsp;&nbsp; 658500 | &nbsp;&nbsp; 5696450 |
| Pop Mart International Group, Ltd.<sup>(b)</sup> <br>| &nbsp;&nbsp; 81400 | &nbsp;&nbsp; 2395028 |
| Precision Tsugami China Corp., Ltd. | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 255441 |
| Sany Heavy Industry Co., Ltd., Class H<sup>(a)</sup> <br>| &nbsp;&nbsp; 41400 | &nbsp;&nbsp; 133071 |
| Shandong Gold Mining Co., Ltd., Class H | &nbsp;&nbsp; 199500 | &nbsp;&nbsp; 1052508 |
| Silergy Corp. | &nbsp;&nbsp; 178000 | &nbsp;&nbsp; 1582230 |
| Simcere Pharmaceutical Group Ltd.<sup>(b)</sup> <br>| &nbsp;&nbsp; 565000 | &nbsp;&nbsp; 898197 |
| Sino Biopharmaceutical Ltd. | &nbsp;&nbsp; 2435000 | &nbsp;&nbsp; 1877709 |
| Sinotruk Hong Kong Ltd. | &nbsp;&nbsp; 24500 | &nbsp;&nbsp; 128975 |
| SITC International Holdings Co., Ltd. | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 298600 |
| Sunshine Insurance Group Co., Ltd. | &nbsp;&nbsp; 1605500 | &nbsp;&nbsp; 803154 |
| Tencent Holdings Ltd. | &nbsp;&nbsp; 477100 | &nbsp;&nbsp; 31390238 |
| Tencent Music Entertainment Group, ADR | &nbsp;&nbsp; 299879 | &nbsp;&nbsp; 4378233 |
| Topsports International Holdings Ltd. | &nbsp;&nbsp; 884000 | &nbsp;&nbsp; 354555 |
| Weichai Power Co., Ltd., Class H | &nbsp;&nbsp; 693000 | &nbsp;&nbsp; 2883789 |
| WuXi Biologics Cayman, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 453000 | &nbsp;&nbsp; 2325806 |
| Yangzijiang Shipbuilding Holdings Ltd. | &nbsp;&nbsp; 1939500 | &nbsp;&nbsp; 6629159 |
| ZTO Express (Cayman), Inc., ADR | &nbsp;&nbsp; 19027 | &nbsp;&nbsp; 463878 |
| **Total** | **Total** | &nbsp;&nbsp; **123174072** |
| **Denmark 1.7%** | **Denmark 1.7%** | **Denmark 1.7%** |
| AP Moller - Maersk A/S, Class A | &nbsp;&nbsp; 139 | &nbsp;&nbsp; 340708 |
| AP Moller - Maersk A/S, Class B | &nbsp;&nbsp; 228 | &nbsp;&nbsp; 566091 |
| Carlsberg AS, Class B | &nbsp;&nbsp; 5036 | &nbsp;&nbsp; 783434 |
| Coloplast A/S, Class B | &nbsp;&nbsp; 84800 | &nbsp;&nbsp; 6570540 |
| Danske Bank A/S | &nbsp;&nbsp; 30927 | &nbsp;&nbsp; 1613601 |
| DFDS A/S<sup>(a)</sup> <br>| &nbsp;&nbsp; 69931 | &nbsp;&nbsp; 1143717 |
| DSV A/S | &nbsp;&nbsp; 44202 | &nbsp;&nbsp; 11409484 |
| Genmab A/S<sup>(a)</sup> <br>| &nbsp;&nbsp; 2984 | &nbsp;&nbsp; 878569 |
| Genmab A/S, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 47510 | &nbsp;&nbsp; 1398694 |
| Novo Nordisk A/S, Class B | &nbsp;&nbsp; 603947 | &nbsp;&nbsp; 22843417 |
| Novonesis Novozymes, Class B | &nbsp;&nbsp; 100618 | &nbsp;&nbsp; 5984131 |
| Pandora A/S | &nbsp;&nbsp; 4111 | &nbsp;&nbsp; 324976 |

---

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Rockwool A/S, Class B | &nbsp;&nbsp; 4430 | &nbsp;&nbsp; 146888 |
| Tryg AS | &nbsp;&nbsp; 12927 | &nbsp;&nbsp; 320094 |
| Vestas Wind Systems A/S | &nbsp;&nbsp; 47080 | &nbsp;&nbsp; 1203568 |
| **Total** | **Total** | &nbsp;&nbsp; **55527912** |
| **Finland 0.5%** | **Finland 0.5%** | **Finland 0.5%** |
| KONE OYJ, Class B | &nbsp;&nbsp; 134561 | &nbsp;&nbsp; 10144993 |
| Neste OYJ | &nbsp;&nbsp; 20509 | &nbsp;&nbsp; 512496 |
| Nokia OYJ<sup>(a)</sup> <br>| &nbsp;&nbsp; 50024 | &nbsp;&nbsp; 383786 |
| Nokia OYJ | &nbsp;&nbsp; 214267 | &nbsp;&nbsp; 1644504 |
| Nokia OYJ, ADR | &nbsp;&nbsp; 232277 | &nbsp;&nbsp; 1793178 |
| Orion Oyj, Class B | &nbsp;&nbsp; 4894 | &nbsp;&nbsp; 392045 |
| Wartsila OYJ | &nbsp;&nbsp; 23753 | &nbsp;&nbsp; 1031465 |
| **Total** | **Total** | &nbsp;&nbsp; **15902467** |
| **France 11.7%** | **France 11.7%** | **France 11.7%** |
| Air Liquide SA | &nbsp;&nbsp; 43100 | &nbsp;&nbsp; 9062867 |
| Airbus Group SE | &nbsp;&nbsp; 74266 | &nbsp;&nbsp; 16127080 |
| Airbus SE | &nbsp;&nbsp; 2072 | &nbsp;&nbsp; 450658 |
| Airbus SE, ADR | &nbsp;&nbsp; 15182 | &nbsp;&nbsp; 822105 |
| Alstom SA<sup>(a)</sup> <br>| &nbsp;&nbsp; 1394821 | &nbsp;&nbsp; 46401341 |
| AXA SA | &nbsp;&nbsp; 48922 | &nbsp;&nbsp; 2392389 |
| BNP Paribas SA | &nbsp;&nbsp; 434929 | &nbsp;&nbsp; 48834568 |
| BNP Paribas SA, ADR | &nbsp;&nbsp; 40121 | &nbsp;&nbsp; 2248180 |
| Bouygues SA | &nbsp;&nbsp; 8912 | &nbsp;&nbsp; 551530 |
| Capgemini SE | &nbsp;&nbsp; 156724 | &nbsp;&nbsp; 19806293 |
| Cie de Saint-Gobain SA | &nbsp;&nbsp; 269550 | &nbsp;&nbsp; 27316668 |
| Credit Agricole SA | &nbsp;&nbsp; 49343 | &nbsp;&nbsp; 1090134 |
| Danone SA | &nbsp;&nbsp; 90077 | &nbsp;&nbsp; 7746533 |
| Dassault Aviation SA | &nbsp;&nbsp; 1524 | &nbsp;&nbsp; 612098 |
| Dassault Systemes SE | &nbsp;&nbsp; 244468 | &nbsp;&nbsp; 5353545 |
| Edenred SE | &nbsp;&nbsp; 194748 | &nbsp;&nbsp; 4501209 |
| Gecina SA | &nbsp;&nbsp; 2205 | &nbsp;&nbsp; 203572 |
| Groupe Eurotunnel SE | &nbsp;&nbsp; 25918 | &nbsp;&nbsp; 562739 |
| Hermes International SCA | &nbsp;&nbsp; 3080 | &nbsp;&nbsp; 7402670 |
| ICADE | &nbsp;&nbsp; 22357 | &nbsp;&nbsp; 566731 |
| Kering SA | &nbsp;&nbsp; 184716 | &nbsp;&nbsp; 61942441 |
| Klepierre | &nbsp;&nbsp; 9781 | &nbsp;&nbsp; 411619 |
| L'Oreal SA | &nbsp;&nbsp; 18350 | &nbsp;&nbsp; 8597824 |
| LVMH Moet Hennessy Louis Vuitton SE | &nbsp;&nbsp; 32633 | &nbsp;&nbsp; 20853162 |
| Nexans SA | &nbsp;&nbsp; 21179 | &nbsp;&nbsp; 3042407 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Safran SA | &nbsp;&nbsp; 30904 | &nbsp;&nbsp; 12446238 |
| Safran SA, ADR | &nbsp;&nbsp; 5200 | &nbsp;&nbsp; 522990 |
| Sanofi SA | &nbsp;&nbsp; 237569 | &nbsp;&nbsp; 23234572 |
| Schneider Electric SE | &nbsp;&nbsp; 15570 | &nbsp;&nbsp; 5088429 |
| Societe Generale SA | &nbsp;&nbsp; 271693 | &nbsp;&nbsp; 23545076 |
| Thales SA | &nbsp;&nbsp; 6792 | &nbsp;&nbsp; 2061489 |
| TotalEnergies SE | &nbsp;&nbsp; 112500 | &nbsp;&nbsp; 9011431 |
| **Total** | **Total** | &nbsp;&nbsp; **372810588** |
| **Germany 7.2%** | **Germany 7.2%** | **Germany 7.2%** |
| Adidas AG | &nbsp;&nbsp; 77781 | &nbsp;&nbsp; 14431108 |
| Adidas AG, ADR | &nbsp;&nbsp; 8151 | &nbsp;&nbsp; 758614 |
| Allianz SE, Registered Shares | &nbsp;&nbsp; 14898 | &nbsp;&nbsp; 6690351 |
| Aumovio SE<sup>(a)</sup> <br>| &nbsp;&nbsp; 2598 | &nbsp;&nbsp; 128866 |
| Auto1 Group SE<sup>(a)</sup> <br>| &nbsp;&nbsp; 10503 | &nbsp;&nbsp; 210947 |
| Bayer AG, Registered Shares | &nbsp;&nbsp; 25805 | &nbsp;&nbsp; 1276853 |
| BioNTech SE, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 19047 | &nbsp;&nbsp; 2099551 |
| Continental AG | &nbsp;&nbsp; 5196 | &nbsp;&nbsp; 447760 |
| CTS Eventim AG & Co. KGaA | &nbsp;&nbsp; 2732 | &nbsp;&nbsp; 221238 |
| Daimler Truck Holding AG | &nbsp;&nbsp; 138027 | &nbsp;&nbsp; 6964032 |
| Deutsche Bank AG, Registered Shares | &nbsp;&nbsp; 348172 | &nbsp;&nbsp; 12343800 |
| Deutsche Boerse AG | &nbsp;&nbsp; 42312 | &nbsp;&nbsp; 11563576 |
| Deutsche Lufthansa AG, Registered Shares | &nbsp;&nbsp; 97336 | &nbsp;&nbsp; 1039690 |
| Deutsche Post AG | &nbsp;&nbsp; 38090 | &nbsp;&nbsp; 2242936 |
| Deutsche Telekom AG, Registered Shares | &nbsp;&nbsp; 938930 | &nbsp;&nbsp; 37707575 |
| E.ON SE | &nbsp;&nbsp; 337549 | &nbsp;&nbsp; 7849327 |
| Evonik Industries AG | &nbsp;&nbsp; 11444 | &nbsp;&nbsp; 198979 |
| GEA Group AG | &nbsp;&nbsp; 6978 | &nbsp;&nbsp; 541030 |
| Infineon Technologies AG | &nbsp;&nbsp; 804764 | &nbsp;&nbsp; 43372616 |
| KION Group AG | &nbsp;&nbsp; 1890 | &nbsp;&nbsp; 128272 |
| Knorr-Bremse AG | &nbsp;&nbsp; 3600 | &nbsp;&nbsp; 471191 |
| Krones AG | &nbsp;&nbsp; 5227 | &nbsp;&nbsp; 818427 |
| Mercedes-Benz Group AG, Registered Shares | &nbsp;&nbsp; 39941 | &nbsp;&nbsp; 2763463 |
| Merck KGaA | &nbsp;&nbsp; 55100 | &nbsp;&nbsp; 8348518 |
| Montana Aerospace AG<sup>(a),(b)</sup> <br>| &nbsp;&nbsp; 88616 | &nbsp;&nbsp; 3590202 |
| MTU Aero Engines AG | &nbsp;&nbsp; 3658 | &nbsp;&nbsp; 1576734 |
| Nemetschek SE | &nbsp;&nbsp; 8349 | &nbsp;&nbsp; 665145 |
| Rational AG | &nbsp;&nbsp; 4320 | &nbsp;&nbsp; 3744185 |
| SAP SE | &nbsp;&nbsp; 218765 | &nbsp;&nbsp; 43948224 |
| Scout24 SE | &nbsp;&nbsp; 79185 | &nbsp;&nbsp; 6730270 |

---

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Siemens Energy AG | &nbsp;&nbsp; 36084 | &nbsp;&nbsp; 6988669 |
| Siemens Energy AG, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 2533 | &nbsp;&nbsp; 494657 |
| Symrise AG | &nbsp;&nbsp; 410 | &nbsp;&nbsp; 37453 |
| Volkswagen AG | &nbsp;&nbsp; 2318 | &nbsp;&nbsp; 276985 |
| **Total** | **Total** | &nbsp;&nbsp; **230671244** |
| **Greece 0.2%** | **Greece 0.2%** | **Greece 0.2%** |
| Eurobank SA | &nbsp;&nbsp; 1236649 | &nbsp;&nbsp; 5729967 |
| **Hong Kong 3.3%** | **Hong Kong 3.3%** | **Hong Kong 3.3%** |
| AIA Group Ltd. | &nbsp;&nbsp; 3213800 | &nbsp;&nbsp; 35453144 |
| AIA Group Ltd., ADR | &nbsp;&nbsp; 165255 | &nbsp;&nbsp; 7294356 |
| BOC Hong Kong Holdings Ltd. | &nbsp;&nbsp; 2620500 | &nbsp;&nbsp; 14988628 |
| CK Asset Holdings Ltd. | &nbsp;&nbsp; 98500 | &nbsp;&nbsp; 624961 |
| CLP Holdings Ltd. | &nbsp;&nbsp; 187500 | &nbsp;&nbsp; 1776765 |
| Galaxy Entertainment Group Ltd. | &nbsp;&nbsp; 111000 | &nbsp;&nbsp; 590647 |
| Galaxy Entertainment Group Ltd., ADR | &nbsp;&nbsp; 30716 | &nbsp;&nbsp; 814588 |
| Henderson Land Development Co., Ltd. | &nbsp;&nbsp; 49000 | &nbsp;&nbsp; 221492 |
| HKT Trust & HKT Ltd. | &nbsp;&nbsp; 174000 | &nbsp;&nbsp; 274286 |
| Hong Kong Exchanges & Clearing Ltd., ADR | &nbsp;&nbsp; 5060 | &nbsp;&nbsp; 272203 |
| Hong Kong Exchanges and Clearing Ltd. | &nbsp;&nbsp; 411200 | &nbsp;&nbsp; 21968343 |
| Hongkong Land Holdings Ltd. | &nbsp;&nbsp; 157900 | &nbsp;&nbsp; 1367066 |
| Link REIT (The) | &nbsp;&nbsp; 136300 | &nbsp;&nbsp; 673852 |
| Man Wah Holdings Ltd. | &nbsp;&nbsp; 249600 | &nbsp;&nbsp; 162562 |
| Melco Resorts & Entertainment Ltd., ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 247757 | &nbsp;&nbsp; 1471677 |
| MTR Corp. | &nbsp;&nbsp; 82500 | &nbsp;&nbsp; 392898 |
| Plover Bay Technologies Ltd. | &nbsp;&nbsp; 675000 | &nbsp;&nbsp; 744777 |
| Power Assets Holdings Ltd. | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 567358 |
| Sands China Ltd. | &nbsp;&nbsp; 1296800 | &nbsp;&nbsp; 2929737 |
| Sun Hung Kai Properties Ltd. | &nbsp;&nbsp; 73500 | &nbsp;&nbsp; 1366413 |
| Swire Pacific Ltd., Class A | &nbsp;&nbsp; 18500 | &nbsp;&nbsp; 198726 |
| Techtronic Industries Co., Ltd. | &nbsp;&nbsp; 496500 | &nbsp;&nbsp; 8041156 |
| Techtronic Industries Co., Ltd., ADR | &nbsp;&nbsp; 32372 | &nbsp;&nbsp; 2622456 |
| Texwinca Holdings Ltd. | &nbsp;&nbsp; 3940000 | &nbsp;&nbsp; 598096 |
| WH Group Ltd. | &nbsp;&nbsp; 418000 | &nbsp;&nbsp; 525746 |
| Wharf Real Estate Investment Co., Ltd. | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 276099 |
| Wynn Macau Ltd. | &nbsp;&nbsp; 215200 | &nbsp;&nbsp; 156593 |
| **Total** | **Total** | &nbsp;&nbsp; **106374625** |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **India 0.4%** | **India 0.4%** | **India 0.4%** |
| HDFC Bank Ltd., ADR | &nbsp;&nbsp; 261376 | &nbsp;&nbsp; 8324825 |
| ICICI Lombard General Insurance Co., Ltd. | &nbsp;&nbsp; 190215 | &nbsp;&nbsp; 3980971 |
| **Total** | **Total** | &nbsp;&nbsp; **12305796** |
| **Indonesia 0.4%** | **Indonesia 0.4%** | **Indonesia 0.4%** |
| Jardine Matheson Holdings Ltd. | &nbsp;&nbsp; 124800 | &nbsp;&nbsp; 10288546 |
| PT Bank Mandiri Persero Tbk | &nbsp;&nbsp; 9836300 | &nbsp;&nbsp; 3087339 |
| **Total** | **Total** | &nbsp;&nbsp; **13375885** |
| **Ireland 0.7%** | **Ireland 0.7%** | **Ireland 0.7%** |
| AIB Group PLC | &nbsp;&nbsp; 135604 | &nbsp;&nbsp; 1407542 |
| AIB Group PLC | &nbsp;&nbsp; 33720 | &nbsp;&nbsp; 355229 |
| Bank of Ireland Group PLC | &nbsp;&nbsp; 65569 | &nbsp;&nbsp; 1276713 |
| Cairn Homes PLC | &nbsp;&nbsp; 143392 | &nbsp;&nbsp; 403364 |
| Kingspan Group PLC | &nbsp;&nbsp; 89392 | &nbsp;&nbsp; 8850140 |
| Ryanair Holdings PLC, ADR | &nbsp;&nbsp; 161471 | &nbsp;&nbsp; 10897678 |
| **Total** | **Total** | &nbsp;&nbsp; **23190666** |
| **Israel 0.3%** | **Israel 0.3%** | **Israel 0.3%** |
| Bank Hapoalim BM | &nbsp;&nbsp; 63226 | &nbsp;&nbsp; 1595706 |
| Bank Leumi Le-Israel BM | &nbsp;&nbsp; 80660 | &nbsp;&nbsp; 1952740 |
| CyberArk Software<sup>(a),(c)</sup> <br>| &nbsp;&nbsp; 2345 | &nbsp;&nbsp; 105525 |
| Elbit Systems Ltd. | &nbsp;&nbsp; 693 | &nbsp;&nbsp; 535233 |
| Elbit Systems Ltd. | &nbsp;&nbsp; 736 | &nbsp;&nbsp; 566014 |
| Israel Chemicals Ltd. | &nbsp;&nbsp; 23476 | &nbsp;&nbsp; 111265 |
| Mizrahi Tefahot Bank Ltd. | &nbsp;&nbsp; 7335 | &nbsp;&nbsp; 549556 |
| Monday.com Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 19900 | &nbsp;&nbsp; 1445536 |
| NiCE Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2641 | &nbsp;&nbsp; 302442 |
| Phoenix Financial Ltd. | &nbsp;&nbsp; 10718 | &nbsp;&nbsp; 547992 |
| Wix.com Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 3926 | &nbsp;&nbsp; 276626 |
| **Total** | **Total** | &nbsp;&nbsp; **7988635** |
| **Italy 4.0%** | **Italy 4.0%** | **Italy 4.0%** |
| Banca Generali SpA | &nbsp;&nbsp; 75967 | &nbsp;&nbsp; 4896745 |
| Banca Mediolanum SpA | &nbsp;&nbsp; 10937 | &nbsp;&nbsp; 234583 |
| Banco BPM SpA | &nbsp;&nbsp; 57186 | &nbsp;&nbsp; 842358 |
| Enav SpA | &nbsp;&nbsp; 389224 | &nbsp;&nbsp; 2534747 |
| Enel SpA | &nbsp;&nbsp; 1023639 | &nbsp;&nbsp; 12309205 |
| Ferrari NV | &nbsp;&nbsp; 20280 | &nbsp;&nbsp; 7662242 |
| FinecoBank Banca Fineco SpA | &nbsp;&nbsp; 359906 | &nbsp;&nbsp; 8470060 |
| Generali | &nbsp;&nbsp; 666629 | &nbsp;&nbsp; 28385804 |

---

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Infrastrutture Wireless Italiane SpA | &nbsp;&nbsp; 78058 | &nbsp;&nbsp; 828220 |
| Intesa Sanpaolo SpA | &nbsp;&nbsp; 1012972 | &nbsp;&nbsp; 6950557 |
| Leonardo SpA, ADR | &nbsp;&nbsp; 14077 | &nbsp;&nbsp; 471298 |
| Leonardo-Finmeccanica SpA | &nbsp;&nbsp; 19852 | &nbsp;&nbsp; 1337451 |
| Poste Italiane SpA | &nbsp;&nbsp; 423856 | &nbsp;&nbsp; 11355090 |
| Prysmian SpA | &nbsp;&nbsp; 13897 | &nbsp;&nbsp; 1673906 |
| Recordati Industria Chimica e Farmaceutica SpA | &nbsp;&nbsp; 90200 | &nbsp;&nbsp; 5153480 |
| Technoprobe SpA<sup>(a)</sup> <br>| &nbsp;&nbsp; 176665 | &nbsp;&nbsp; 3547895 |
| Telecom Italia SpA<sup>(a)</sup> <br>| &nbsp;&nbsp; 533280 | &nbsp;&nbsp; 400152 |
| UniCredit SpA | &nbsp;&nbsp; 349667 | &nbsp;&nbsp; 29773222 |
| Unipol Assicurazioni SpA | &nbsp;&nbsp; 17840 | &nbsp;&nbsp; 443833 |
| **Total** | **Total** | &nbsp;&nbsp; **127270848** |
| **Japan 18.3%** | **Japan 18.3%** | **Japan 18.3%** |
| Advantest Corp. | &nbsp;&nbsp; 88100 | &nbsp;&nbsp; 15256234 |
| AGC, Inc. | &nbsp;&nbsp; 106200 | &nbsp;&nbsp; 4710080 |
| Aida Engineering Ltd. | &nbsp;&nbsp; 64500 | &nbsp;&nbsp; 490938 |
| Aisin Corp. | &nbsp;&nbsp; 50400 | &nbsp;&nbsp; 894627 |
| Ajinomoto Co., Inc. | &nbsp;&nbsp; 21900 | &nbsp;&nbsp; 696554 |
| ANA Holdings, Inc. | &nbsp;&nbsp; 80900 | &nbsp;&nbsp; 1764010 |
| Asahi Intecc Co., Ltd. | &nbsp;&nbsp; 12700 | &nbsp;&nbsp; 273735 |
| Asahi Kasei Corp. | &nbsp;&nbsp; 68900 | &nbsp;&nbsp; 812016 |
| Asics Corp. | &nbsp;&nbsp; 32900 | &nbsp;&nbsp; 1008244 |
| Astellas Pharma, Inc. | &nbsp;&nbsp; 323500 | &nbsp;&nbsp; 5383530 |
| AUTOSERVER Co., Ltd. | &nbsp;&nbsp; 31000 | &nbsp;&nbsp; 501096 |
| Bandai Namco Holdings, Inc. | &nbsp;&nbsp; 29100 | &nbsp;&nbsp; 788958 |
| B-R31 Ice Cream Co., Ltd. | &nbsp;&nbsp; 53700 | &nbsp;&nbsp; 1388761 |
| Brother Industries Ltd. | &nbsp;&nbsp; 133400 | &nbsp;&nbsp; 2755517 |
| Canon, Inc. | &nbsp;&nbsp; 127500 | &nbsp;&nbsp; 3853282 |
| Capcom Co., Ltd. | &nbsp;&nbsp; 316100 | &nbsp;&nbsp; 7178766 |
| Central Japan Railway Co. | &nbsp;&nbsp; 199600 | &nbsp;&nbsp; 5891322 |
| Chubu Electric Power Co., Inc. | &nbsp;&nbsp; 35300 | &nbsp;&nbsp; 596182 |
| Cosmos Pharmaceutical Corp. | &nbsp;&nbsp; 4800 | &nbsp;&nbsp; 213251 |
| Dai Nippon Printing Co., Ltd. | &nbsp;&nbsp; 11200 | &nbsp;&nbsp; 232761 |
| Daido Steel Co., Ltd. | &nbsp;&nbsp; 17700 | &nbsp;&nbsp; 269762 |
| Daifuku Co., Ltd. | &nbsp;&nbsp; 7000 | &nbsp;&nbsp; 288943 |
| Daiichi Sankyo Co., Ltd. | &nbsp;&nbsp; 89400 | &nbsp;&nbsp; 1760735 |
| Daikin Industries Ltd. | &nbsp;&nbsp; 84100 | &nbsp;&nbsp; 10685326 |
| Denso Corp. | &nbsp;&nbsp; 87400 | &nbsp;&nbsp; 1254009 |
| Digital Arts, Inc. | &nbsp;&nbsp; 13000 | &nbsp;&nbsp; 468648 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Don Quijote Holdings Co., Ltd. | &nbsp;&nbsp; 87500 | &nbsp;&nbsp; 584756 |
| East Japan Railway Co. | &nbsp;&nbsp; 51500 | &nbsp;&nbsp; 1272076 |
| Eisai Co., Ltd. | &nbsp;&nbsp; 18400 | &nbsp;&nbsp; 619464 |
| Electric Power Development Co., Ltd. | &nbsp;&nbsp; 63800 | &nbsp;&nbsp; 1523691 |
| EM Systems Co., Ltd. | &nbsp;&nbsp; 56100 | &nbsp;&nbsp; 256367 |
| ENEOS Holdings, Inc. | &nbsp;&nbsp; 137100 | &nbsp;&nbsp; 1308023 |
| FANUC Corp. | &nbsp;&nbsp; 626700 | &nbsp;&nbsp; 28377059 |
| Fast Retailing Co., Ltd. | &nbsp;&nbsp; 24300 | &nbsp;&nbsp; 10654650 |
| FUJIFILM Holdings Corp. | &nbsp;&nbsp; 46000 | &nbsp;&nbsp; 945945 |
| Fujikura Ltd. | &nbsp;&nbsp; 13000 | &nbsp;&nbsp; 2219784 |
| Glory Ltd. | &nbsp;&nbsp; 52400 | &nbsp;&nbsp; 1394671 |
| Hankyu Hanshin Holdings, Inc. | &nbsp;&nbsp; 28800 | &nbsp;&nbsp; 840035 |
| Hitachi Ltd. | &nbsp;&nbsp; 97400 | &nbsp;&nbsp; 3188614 |
| Hitachi Ltd., ADR | &nbsp;&nbsp; 2500 | &nbsp;&nbsp; 83300 |
| Honda Motor Co., Ltd. | &nbsp;&nbsp; 3200 | &nbsp;&nbsp; 32056 |
| Hoya Corp. | &nbsp;&nbsp; 72500 | &nbsp;&nbsp; 13095522 |
| Idemitsu Kosan Co., Ltd. | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 430262 |
| Industrial & Infrastructure Fund Investment Corp. | &nbsp;&nbsp; 331 | &nbsp;&nbsp; 322046 |
| Inpex Corp. | &nbsp;&nbsp; 1039000 | &nbsp;&nbsp; 25364828 |
| IT Holdings Corp. | &nbsp;&nbsp; 9400 | &nbsp;&nbsp; 194276 |
| Japan Airlines Co., Ltd. | &nbsp;&nbsp; 9200 | &nbsp;&nbsp; 190088 |
| Japan Exchange Group, Inc. | &nbsp;&nbsp; 201300 | &nbsp;&nbsp; 2739478 |
| Japan Post Bank Co., Ltd. | &nbsp;&nbsp; 246000 | &nbsp;&nbsp; 4815959 |
| Japan Post Holdings Co., Ltd. | &nbsp;&nbsp; 567100 | &nbsp;&nbsp; 7385141 |
| Japan Post Insurance Co., Ltd. | &nbsp;&nbsp; 78800 | &nbsp;&nbsp; 2572103 |
| Japan Tobacco, Inc. | &nbsp;&nbsp; 71100 | &nbsp;&nbsp; 2720244 |
| JFE Holdings, Inc. | &nbsp;&nbsp; 29900 | &nbsp;&nbsp; 420905 |
| JX Advanced Metals Corp. | &nbsp;&nbsp; 160400 | &nbsp;&nbsp; 4256908 |
| Kansai Electric Power Co., Inc. (The) | &nbsp;&nbsp; 47600 | &nbsp;&nbsp; 859740 |
| Kao Corp. | &nbsp;&nbsp; 33000 | &nbsp;&nbsp; 1409146 |
| KDDI Corp. | &nbsp;&nbsp; 776400 | &nbsp;&nbsp; 13336624 |
| Kenedix Office Investment | &nbsp;&nbsp; 188 | &nbsp;&nbsp; 204641 |
| Keyence Corp. | &nbsp;&nbsp; 52900 | &nbsp;&nbsp; 22294796 |
| Kikkoman Corp. | &nbsp;&nbsp; 31900 | &nbsp;&nbsp; 306746 |
| Kintetsu Department Store Co., Ltd. | &nbsp;&nbsp; 152500 | &nbsp;&nbsp; 1774418 |
| Kioxia Holdings Corp.<sup>(a)</sup> <br>| &nbsp;&nbsp; 167100 | &nbsp;&nbsp; 22582632 |
| Kirin Holdings Co., Ltd. | &nbsp;&nbsp; 203200 | &nbsp;&nbsp; 3527089 |
| Koito Manufacturing Co., Ltd. | &nbsp;&nbsp; 400 | &nbsp;&nbsp; 7211 |
| Konami Holdings Corp. | &nbsp;&nbsp; 5400 | &nbsp;&nbsp; 720589 |

---

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Kumiai Chemical Industry Co., Ltd. | &nbsp;&nbsp; 115500 | &nbsp;&nbsp; 543039 |
| Kyocera Corp. | &nbsp;&nbsp; 31800 | &nbsp;&nbsp; 561641 |
| Kyowa Exeo Corp. | &nbsp;&nbsp; 16500 | &nbsp;&nbsp; 316170 |
| Kyowa Hakko Kirin Co., Ltd. | &nbsp;&nbsp; 11900 | &nbsp;&nbsp; 221199 |
| Lasertec Corp. | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 17248244 |
| LY Corp. | &nbsp;&nbsp; 137300 | &nbsp;&nbsp; 339369 |
| Makita Corp. | &nbsp;&nbsp; 59900 | &nbsp;&nbsp; 2317739 |
| MatsukiyoCocokara & Co. | &nbsp;&nbsp; 16800 | &nbsp;&nbsp; 278521 |
| Mitsubishi Chemical Group Corp. | &nbsp;&nbsp; 58100 | &nbsp;&nbsp; 431145 |
| Mitsui Fudosan Co., Ltd. | &nbsp;&nbsp; 277600 | &nbsp;&nbsp; 3742000 |
| Money Forward, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 102000 | &nbsp;&nbsp; 2083784 |
| MonotaRO Co., Ltd | &nbsp;&nbsp; 281080 | &nbsp;&nbsp; 3736980 |
| MS&AD Insurance Group Holdings, Inc. | &nbsp;&nbsp; 64500 | &nbsp;&nbsp; 1797384 |
| Nexon Co., Ltd. | &nbsp;&nbsp; 76200 | &nbsp;&nbsp; 1618629 |
| Nidec Corp. | &nbsp;&nbsp; 37500 | &nbsp;&nbsp; 589735 |
| Nihon M&A Center Holdings, Inc. | &nbsp;&nbsp; 802500 | &nbsp;&nbsp; 3706094 |
| Nihon Unisys Ltd. | &nbsp;&nbsp; 3500 | &nbsp;&nbsp; 106275 |
| Nintendo Co., Ltd. | &nbsp;&nbsp; 54050 | &nbsp;&nbsp; 3057037 |
| Nippon Paint Holdings Co., Ltd | &nbsp;&nbsp; 733900 | &nbsp;&nbsp; 5435645 |
| Nippon Sanso Holdings Corp. | &nbsp;&nbsp; 8800 | &nbsp;&nbsp; 337609 |
| Nippon Shinyaku Co., Ltd. | &nbsp;&nbsp; 35900 | &nbsp;&nbsp; 1185094 |
| Nisshin Seifun Group, Inc. | &nbsp;&nbsp; 43100 | &nbsp;&nbsp; 602762 |
| Nitto Denko Corp. | &nbsp;&nbsp; 375100 | &nbsp;&nbsp; 8698739 |
| NOF Corp. | &nbsp;&nbsp; 12100 | &nbsp;&nbsp; 242830 |
| Nomura Holdings, Inc. | &nbsp;&nbsp; 145200 | &nbsp;&nbsp; 1348046 |
| Nomura Research Institute Ltd. | &nbsp;&nbsp; 167900 | &nbsp;&nbsp; 4606532 |
| Obic Co., Ltd. | &nbsp;&nbsp; 205800 | &nbsp;&nbsp; 5542519 |
| Olympus Corp. | &nbsp;&nbsp; 237200 | &nbsp;&nbsp; 2324264 |
| Oracle Corp. Japan | &nbsp;&nbsp; 2300 | &nbsp;&nbsp; 138845 |
| Oriental Land Co., Ltd. | &nbsp;&nbsp; 53700 | &nbsp;&nbsp; 967477 |
| ORIX Corp. | &nbsp;&nbsp; 34900 | &nbsp;&nbsp; 1224959 |
| Osaka Gas Co., Ltd. | &nbsp;&nbsp; 86300 | &nbsp;&nbsp; 3602509 |
| OSG Corp. | &nbsp;&nbsp; 17300 | &nbsp;&nbsp; 324068 |
| Otsuka Corp. | &nbsp;&nbsp; 38300 | &nbsp;&nbsp; 772433 |
| Otsuka Holdings Co., Ltd. | &nbsp;&nbsp; 38900 | &nbsp;&nbsp; 2680611 |
| Penta-Ocean Construction Co., Ltd. | &nbsp;&nbsp; 24900 | &nbsp;&nbsp; 338416 |
| Press Kogyo Co., Ltd. | &nbsp;&nbsp; 149800 | &nbsp;&nbsp; 963398 |
| Recruit Holdings Co., Ltd. | &nbsp;&nbsp; 197900 | &nbsp;&nbsp; 8611676 |
| Renesas Electronics Corp. | &nbsp;&nbsp; 2826800 | &nbsp;&nbsp; 53310076 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Ricoh Co., Ltd. | &nbsp;&nbsp; 180700 | &nbsp;&nbsp; 1697687 |
| Ryohin Keikaku Co., Ltd. | &nbsp;&nbsp; 26200 | &nbsp;&nbsp; 597897 |
| San-Ai Obbli Co., Ltd. | &nbsp;&nbsp; 38500 | &nbsp;&nbsp; 632791 |
| Sanrio Co., Ltd. | &nbsp;&nbsp; 9300 | &nbsp;&nbsp; 340971 |
| Secom Co., Ltd. | &nbsp;&nbsp; 10500 | &nbsp;&nbsp; 407373 |
| Seibu Holdings, Inc. | &nbsp;&nbsp; 10800 | &nbsp;&nbsp; 320610 |
| Seiko Epson Corp. | &nbsp;&nbsp; 142200 | &nbsp;&nbsp; 1925704 |
| Sekisui Chemical Co., Ltd. | &nbsp;&nbsp; 17500 | &nbsp;&nbsp; 340793 |
| Shikoku Electric Power Co., Inc. | &nbsp;&nbsp; 86700 | &nbsp;&nbsp; 982090 |
| Shimadzu Corp. | &nbsp;&nbsp; 90700 | &nbsp;&nbsp; 2524582 |
| Shimano, Inc. | &nbsp;&nbsp; 41433 | &nbsp;&nbsp; 4423213 |
| Shin-Etsu Chemical Co., Ltd. | &nbsp;&nbsp; 307100 | &nbsp;&nbsp; 12091006 |
| Shin-Etsu Chemical Co., Ltd., ADR | &nbsp;&nbsp; 978 | &nbsp;&nbsp; 19188 |
| Shiseido Co., Ltd. | &nbsp;&nbsp; 17600 | &nbsp;&nbsp; 371617 |
| SMC Corp. | &nbsp;&nbsp; 83488 | &nbsp;&nbsp; 39936766 |
| SoftBank Group Corp. | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 4865132 |
| Sompo Holdings, Inc. | &nbsp;&nbsp; 682000 | &nbsp;&nbsp; 27058088 |
| Sony Financial Group, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 2322315 | &nbsp;&nbsp; 2375249 |
| Sony Group Corp. | &nbsp;&nbsp; 393815 | &nbsp;&nbsp; 9053122 |
| Sony Group Corp., ADR | &nbsp;&nbsp; 29877 | &nbsp;&nbsp; 688964 |
| Sugi Holdings Co., Ltd. | &nbsp;&nbsp; 67400 | &nbsp;&nbsp; 1549425 |
| Sumitomo Mitsui Financial Group, Inc. | &nbsp;&nbsp; 265200 | &nbsp;&nbsp; 10007477 |
| Sumitomo Mitsui Trust Group, Inc. | &nbsp;&nbsp; 138200 | &nbsp;&nbsp; 4818882 |
| Sumitomo Pharma Co., Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 22200 | &nbsp;&nbsp; 359259 |
| Suntory Beverage & Food Ltd. | &nbsp;&nbsp; 44100 | &nbsp;&nbsp; 1386846 |
| Suzuken Co., Ltd. | &nbsp;&nbsp; 27100 | &nbsp;&nbsp; 1143155 |
| Sysmex Corp. | &nbsp;&nbsp; 25800 | &nbsp;&nbsp; 243575 |
| T&D Holdings, Inc. | &nbsp;&nbsp; 24200 | &nbsp;&nbsp; 651766 |
| Takeda Pharmaceutical Co., Ltd. | &nbsp;&nbsp; 227700 | &nbsp;&nbsp; 8522175 |
| Takeda Pharmaceutical Co., Ltd. ADR | &nbsp;&nbsp; 84925 | &nbsp;&nbsp; 1592344 |
| TDK Corp. | &nbsp;&nbsp; 101300 | &nbsp;&nbsp; 1564924 |
| Terumo Corp. | &nbsp;&nbsp; 543700 | &nbsp;&nbsp; 7356525 |
| Toei Co., Ltd. | &nbsp;&nbsp; 9000 | &nbsp;&nbsp; 311501 |
| Toho Co., Ltd. | &nbsp;&nbsp; 28500 | &nbsp;&nbsp; 285611 |
| Tokyo Electric Power Co. Holdings, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 146400 | &nbsp;&nbsp; 654473 |
| Tokyo Electron Ltd. | &nbsp;&nbsp; 43600 | &nbsp;&nbsp; 12267941 |
| Tokyo Gas Co., Ltd. | &nbsp;&nbsp; 16400 | &nbsp;&nbsp; 805064 |
| Tokyo Metro Co., Ltd. | &nbsp;&nbsp; 15200 | &nbsp;&nbsp; 162665 |
| Tokyu Corp. | &nbsp;&nbsp; 65300 | &nbsp;&nbsp; 835250 |

---

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Toray Industries, Inc. | &nbsp;&nbsp; 90500 | &nbsp;&nbsp; 774971 |
| TOTO Ltd. | &nbsp;&nbsp; 26300 | &nbsp;&nbsp; 1024925 |
| Trend Micro, Inc. | &nbsp;&nbsp; 6200 | &nbsp;&nbsp; 206307 |
| Tsuruha Holdings, Inc. | &nbsp;&nbsp; 14615 | &nbsp;&nbsp; 245666 |
| Unicharm Corp. | &nbsp;&nbsp; 599600 | &nbsp;&nbsp; 4102880 |
| United Arrows Ltd. | &nbsp;&nbsp; 56700 | &nbsp;&nbsp; 973825 |
| United Urban Investment Corp. | &nbsp;&nbsp; 83 | &nbsp;&nbsp; 98563 |
| West Japan Railway Co. | &nbsp;&nbsp; 17600 | &nbsp;&nbsp; 378604 |
| Yamada Holdings Co., Ltd. | &nbsp;&nbsp; 73900 | &nbsp;&nbsp; 274244 |
| Yamaha Corp. | &nbsp;&nbsp; 163000 | &nbsp;&nbsp; 1263202 |
| Yamato Holdings Co., Ltd. | &nbsp;&nbsp; 27500 | &nbsp;&nbsp; 336849 |
| Yaskawa Electric Corp. | &nbsp;&nbsp; 152900 | &nbsp;&nbsp; 5379792 |
| Yokogawa Electric Corp. | &nbsp;&nbsp; 11600 | &nbsp;&nbsp; 462689 |
| Zensho Holdings Co., Ltd. | &nbsp;&nbsp; 5100 | &nbsp;&nbsp; 323732 |
| Zuken, Inc. | &nbsp;&nbsp; 65800 | &nbsp;&nbsp; 1946727 |
| **Total** | **Total** | &nbsp;&nbsp; **583167340** |
| **Kazakhstan 0.1%** | **Kazakhstan 0.1%** | **Kazakhstan 0.1%** |
| Kaspi.KZ JSC, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 42574 | &nbsp;&nbsp; 3005299 |
| **Luxembourg 0.2%** | **Luxembourg 0.2%** | **Luxembourg 0.2%** |
| ArcelorMittal SA | &nbsp;&nbsp; 80007 | &nbsp;&nbsp; 5241172 |
| Eurofins Scientific SE | &nbsp;&nbsp; 15939 | &nbsp;&nbsp; 1284369 |
| **Total** | **Total** | &nbsp;&nbsp; **6525541** |
| **Mexico 0.0%** | **Mexico 0.0%** | **Mexico 0.0%** |
| Fresnillo PLC | &nbsp;&nbsp; 11109 | &nbsp;&nbsp; 633871 |
| **Netherlands 5.8%** | **Netherlands 5.8%** | **Netherlands 5.8%** |
| ABN AMRO Bank NV | &nbsp;&nbsp; 27328 | &nbsp;&nbsp; 915291 |
| Adyen NV<sup>(a)</sup> <br>| &nbsp;&nbsp; 4241 | &nbsp;&nbsp; 4980326 |
| Aegon Ltd. | &nbsp;&nbsp; 67592 | &nbsp;&nbsp; 514399 |
| Akzo Nobel NV | &nbsp;&nbsp; 140920 | &nbsp;&nbsp; 9899470 |
| ASM International NV | &nbsp;&nbsp; 2310 | &nbsp;&nbsp; 1948225 |
| ASML Holding NV | &nbsp;&nbsp; 50188 | &nbsp;&nbsp; 72993829 |
| ASML Holding NV | &nbsp;&nbsp; 3770 | &nbsp;&nbsp; 5468611 |
| ASML Holding NV | &nbsp;&nbsp; 374 | &nbsp;&nbsp; 543499 |
| ASR Nederland NV | &nbsp;&nbsp; 7414 | &nbsp;&nbsp; 538722 |
| Heineken NV | &nbsp;&nbsp; 251608 | &nbsp;&nbsp; 23303642 |
| IMCD NV | &nbsp;&nbsp; 46817 | &nbsp;&nbsp; 4510349 |
| ING Groep NV | &nbsp;&nbsp; 565025 | &nbsp;&nbsp; 16302629 |
| Koninklijke Philips NV | &nbsp;&nbsp; 917164 | &nbsp;&nbsp; 29390833 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Magnum Ice Cream Co. NV (The)<sup>(a)</sup> <br>| &nbsp;&nbsp; 158826 | &nbsp;&nbsp; 2514979 |
| NN Group NV | &nbsp;&nbsp; 12712 | &nbsp;&nbsp; 1042608 |
| Universal Music Group NV | &nbsp;&nbsp; 300800 | &nbsp;&nbsp; 6773232 |
| Wolters Kluwer NV | &nbsp;&nbsp; 47403 | &nbsp;&nbsp; 3829477 |
| **Total** | **Total** | &nbsp;&nbsp; **185470121** |
| **New Zealand 0.0%** | **New Zealand 0.0%** | **New Zealand 0.0%** |
| Fisher & Paykel Healthcare Corp., Ltd. | &nbsp;&nbsp; 16649 | &nbsp;&nbsp; 407594 |
| Xero Ltd.<sup>(a)</sup> <br>| &nbsp;&nbsp; 7949 | &nbsp;&nbsp; 469237 |
| **Total** | **Total** | &nbsp;&nbsp; **876831** |
| **Norway 0.3%** | **Norway 0.3%** | **Norway 0.3%** |
| Equinor ASA | &nbsp;&nbsp; 38174 | &nbsp;&nbsp; 1143852 |
| Equinor ASA, ADR | &nbsp;&nbsp; 92292 | &nbsp;&nbsp; 2753070 |
| Kongsberg Gruppen ASA | &nbsp;&nbsp; 22610 | &nbsp;&nbsp; 916867 |
| Norsk Hydro ASA | &nbsp;&nbsp; 70089 | &nbsp;&nbsp; 650316 |
| SalMar ASA | &nbsp;&nbsp; 53012 | &nbsp;&nbsp; 3179379 |
| Telenor ASA | &nbsp;&nbsp; 31077 | &nbsp;&nbsp; 576220 |
| **Total** | **Total** | &nbsp;&nbsp; **9219704** |
| **Panama 0.1%** | **Panama 0.1%** | **Panama 0.1%** |
| Copa Holdings SA, Class A | &nbsp;&nbsp; 27976 | &nbsp;&nbsp; 3877753 |
| **Portugal 0.2%** | **Portugal 0.2%** | **Portugal 0.2%** |
| Banco Comercial Portugues SA | &nbsp;&nbsp; 362500 | &nbsp;&nbsp; 380750 |
| CTT-Correios de Portugal SA | &nbsp;&nbsp; 76140 | &nbsp;&nbsp; 642602 |
| EDP-Energias de Portugal SA | &nbsp;&nbsp; 738453 | &nbsp;&nbsp; 3928976 |
| Galp Energia SGPS SA | &nbsp;&nbsp; 15987 | &nbsp;&nbsp; 346900 |
| Jeronimo Martins SGPS SA | &nbsp;&nbsp; 13965 | &nbsp;&nbsp; 367015 |
| Jeronimo Martins SGPS SA, ADR | &nbsp;&nbsp; 7557 | &nbsp;&nbsp; 397083 |
| **Total** | **Total** | &nbsp;&nbsp; **6063326** |
| **Russian Federation —%** | **Russian Federation —%** | **Russian Federation —%** |
| Gazprom PJSC<sup>(a),(c),(d),(e),(f)</sup> <br>| &nbsp;&nbsp; 1247200 | &nbsp;&nbsp; 0 |
| GMK Norilskiy Nickel PAO<sup>(a),(c),(d),(e),(f)</sup> <br>| &nbsp;&nbsp; 2020100 | &nbsp;&nbsp; 0 |
| Lukoil PJSC<sup>(a),(c),(d),(e),(f)</sup> <br>| &nbsp;&nbsp; 31251 | &nbsp;&nbsp; — |
| MMC Norilsk Nickel PJSC, ADR<sup>(a),(c),(d),(e)</sup> <br>| &nbsp;&nbsp; 5 | &nbsp;&nbsp; — |
| Rosneft Oil Co. PJSC<sup>(a),(c),(d),(e),(f)</sup> <br>| &nbsp;&nbsp; 563548 | &nbsp;&nbsp; 0 |
| Sberbank of Russia PJSC<sup>(a),(c),(d),(e),(f),(g)</sup> <br>| &nbsp;&nbsp; 436630 | &nbsp;&nbsp; 0 |
| **Total** | **Total** | &nbsp;&nbsp; **0** |

---

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **Saudi Arabia 0.0%** | **Saudi Arabia 0.0%** | **Saudi Arabia 0.0%** |
| East Pipes Integrated Co. for Industry | &nbsp;&nbsp; 6797 | &nbsp;&nbsp; 254143 |
| Electrical Industries Co. | &nbsp;&nbsp; 217758 | &nbsp;&nbsp; 854950 |
| **Total** | **Total** | &nbsp;&nbsp; **1109093** |
| **Singapore 1.4%** | **Singapore 1.4%** | **Singapore 1.4%** |
| CapitaLand Ascendas REIT | &nbsp;&nbsp; 3337600 | &nbsp;&nbsp; 7089879 |
| Keppel Corp., Ltd. | &nbsp;&nbsp; 70500 | &nbsp;&nbsp; 728167 |
| Sea Ltd. ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 43180 | &nbsp;&nbsp; 4682871 |
| Singapore Airlines Ltd. | &nbsp;&nbsp; 73600 | &nbsp;&nbsp; 417404 |
| Singapore Exchange | &nbsp;&nbsp; 43400 | &nbsp;&nbsp; 623252 |
| Singapore Technologies Engineering Ltd. | &nbsp;&nbsp; 79300 | &nbsp;&nbsp; 624005 |
| Singapore Telecommunications Ltd. | &nbsp;&nbsp; 2631400 | &nbsp;&nbsp; 10469192 |
| United Overseas Bank Ltd. | &nbsp;&nbsp; 667200 | &nbsp;&nbsp; 19467212 |
| UOL Group Ltd. | &nbsp;&nbsp; 26100 | &nbsp;&nbsp; 232594 |
| **Total** | **Total** | &nbsp;&nbsp; **44334576** |
| **South Africa 0.4%** | **South Africa 0.4%** | **South Africa 0.4%** |
| Anglo American PLC | &nbsp;&nbsp; 44589 | &nbsp;&nbsp; 2224660 |
| Anglo American PLC | &nbsp;&nbsp; 10713 | &nbsp;&nbsp; 538603 |
| Discovery Ltd. | &nbsp;&nbsp; 510974 | &nbsp;&nbsp; 8386728 |
| **Total** | **Total** | &nbsp;&nbsp; **11149991** |
| **South Korea 2.1%** | **South Korea 2.1%** | **South Korea 2.1%** |
| KT&G Corp. | &nbsp;&nbsp; 10631 | &nbsp;&nbsp; 1204564 |
| Samsung Electronics Co., Ltd. | &nbsp;&nbsp; 154679 | &nbsp;&nbsp; 23151012 |
| Samsung Electronics Co., Ltd. GDR | &nbsp;&nbsp; 8354 | &nbsp;&nbsp; 30300841 |
| Samsung Fire and Marine Co., Ltd. | &nbsp;&nbsp; 15238 | &nbsp;&nbsp; 5614279 |
| Shinhan Financial Group Co., Ltd. | &nbsp;&nbsp; 108488 | &nbsp;&nbsp; 7296522 |
| **Total** | **Total** | &nbsp;&nbsp; **67567218** |
| **Spain 1.8%** | **Spain 1.8%** | **Spain 1.8%** |
| ACS Actividades de Construccion y Servicios SA | &nbsp;&nbsp; 8488 | &nbsp;&nbsp; 1095248 |
| Aena SME SA<sup>(b)</sup> <br>| &nbsp;&nbsp; 36521 | &nbsp;&nbsp; 1151076 |
| Amadeus IT Group SA, Class A | &nbsp;&nbsp; 101200 | &nbsp;&nbsp; 6259420 |
| Banco Bilbao Vizcaya Argentaria SA | &nbsp;&nbsp; 282661 | &nbsp;&nbsp; 6546882 |
| Banco Bilbao Vizcaya Argentaria SA, ADR | &nbsp;&nbsp; 5535 | &nbsp;&nbsp; 128025 |
| Banco de Sabadell SA | &nbsp;&nbsp; 272376 | &nbsp;&nbsp; 1025504 |
| Banco Santander SA | &nbsp;&nbsp; 649037 | &nbsp;&nbsp; 8185695 |
| Banco Santander SA | &nbsp;&nbsp; 5106 | &nbsp;&nbsp; 65516 |
| Bankinter SA | &nbsp;&nbsp; 156256 | &nbsp;&nbsp; 2592810 |
| CaixaBank SA | &nbsp;&nbsp; 759160 | &nbsp;&nbsp; 9356857 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Cellnex Telecom SA | &nbsp;&nbsp; 181403 | &nbsp;&nbsp; 6894357 |
| Grifols SA | &nbsp;&nbsp; 11345 | &nbsp;&nbsp; 142334 |
| Industria de Diseno Textil SA | &nbsp;&nbsp; 175715 | &nbsp;&nbsp; 11733786 |
| Mapfre SA | &nbsp;&nbsp; 150458 | &nbsp;&nbsp; 699342 |
| Repsol SA | &nbsp;&nbsp; 56190 | &nbsp;&nbsp; 1271613 |
| **Total** | **Total** | &nbsp;&nbsp; **57148465** |
| **Sweden 1.8%** | **Sweden 1.8%** | **Sweden 1.8%** |
| Alfa Laval AB | &nbsp;&nbsp; 13886 | &nbsp;&nbsp; 819574 |
| Atlas Copco AB, Class B | &nbsp;&nbsp; 876388 | &nbsp;&nbsp; 16429332 |
| Beijer Ref AB | &nbsp;&nbsp; 37982 | &nbsp;&nbsp; 592608 |
| Boliden AB<sup>(a)</sup> <br>| &nbsp;&nbsp; 1492 | &nbsp;&nbsp; 118267 |
| Epiroc AB, Class A | &nbsp;&nbsp; 28370 | &nbsp;&nbsp; 852249 |
| Epiroc AB, Class B | &nbsp;&nbsp; 4495 | &nbsp;&nbsp; 116870 |
| H & M Hennes & Mauritz AB | &nbsp;&nbsp; 29234 | &nbsp;&nbsp; 623262 |
| Hexagon AB, Class B | &nbsp;&nbsp; 1466122 | &nbsp;&nbsp; 16678951 |
| MIPS AB | &nbsp;&nbsp; 39991 | &nbsp;&nbsp; 1122823 |
| Nibe Industrier AB, Class B | &nbsp;&nbsp; 49372 | &nbsp;&nbsp; 201738 |
| Skandinaviska Enskilda Banken AB, Class A | &nbsp;&nbsp; 302614 | &nbsp;&nbsp; 6433935 |
| Swedish Orphan Biovitrum AB<sup>(a)</sup> <br>| &nbsp;&nbsp; 9982 | &nbsp;&nbsp; 436178 |
| Tele2 AB, Class B | &nbsp;&nbsp; 27858 | &nbsp;&nbsp; 587920 |
| Telefonaktiebolaget LM Ericsson, ADR | &nbsp;&nbsp; 685421 | &nbsp;&nbsp; 7950884 |
| Telefonaktiebolaget LM Ericsson, Class B | &nbsp;&nbsp; 262172 | &nbsp;&nbsp; 3030705 |
| Telia Co. AB | &nbsp;&nbsp; 104671 | &nbsp;&nbsp; 537361 |
| Trelleborg AB, Class B | &nbsp;&nbsp; 10162 | &nbsp;&nbsp; 445444 |
| **Total** | **Total** | &nbsp;&nbsp; **56978101** |
| **Switzerland 3.3%** | **Switzerland 3.3%** | **Switzerland 3.3%** |
| ABB Ltd. | &nbsp;&nbsp; 110920 | &nbsp;&nbsp; 10330674 |
| ABB Ltd. | &nbsp;&nbsp; 16996 | &nbsp;&nbsp; 1585841 |
| Alcon, Inc. | &nbsp;&nbsp; 119649 | &nbsp;&nbsp; 10372174 |
| Cie Financiere Richemont SA, Class A, Registered <br> Shares<br>| &nbsp;&nbsp; 21201 | &nbsp;&nbsp; 4321988 |
| Coca-Cola HBC AG<sup>(a)</sup> <br>| &nbsp;&nbsp; 1459 | &nbsp;&nbsp; 94706 |
| Galderma Group AG | &nbsp;&nbsp; 16387 | &nbsp;&nbsp; 3092391 |
| Geberit AG | &nbsp;&nbsp; 431 | &nbsp;&nbsp; 362409 |
| Glencore PLC<sup>(a)</sup> <br>| &nbsp;&nbsp; 382877 | &nbsp;&nbsp; 2766522 |
| Huber + Suhner AG, Registered Shares | &nbsp;&nbsp; 992 | &nbsp;&nbsp; 238452 |
| Logitech International SA | &nbsp;&nbsp; 24800 | &nbsp;&nbsp; 2280360 |
| Logitech International SA | &nbsp;&nbsp; 60556 | &nbsp;&nbsp; 5555609 |
| Lonza Group AG, Registered Shares | &nbsp;&nbsp; 22987 | &nbsp;&nbsp; 15988447 |

---

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Roche Holding AG, ADR | &nbsp;&nbsp; 26346 | &nbsp;&nbsp; 1566665 |
| Sandoz Group AG, ADR | &nbsp;&nbsp; 86153 | &nbsp;&nbsp; 7589413 |
| Schindler Holding AG | &nbsp;&nbsp; 985 | &nbsp;&nbsp; 375021 |
| Schindler Holding AG, Registered Shares | &nbsp;&nbsp; 75 | &nbsp;&nbsp; 27341 |
| SGS SA, Registered Shares | &nbsp;&nbsp; 72200 | &nbsp;&nbsp; 9120701 |
| Sonova Holding AG | &nbsp;&nbsp; 6410 | &nbsp;&nbsp; 1671123 |
| Swatch Group AG (The) | &nbsp;&nbsp; 2325 | &nbsp;&nbsp; 594832 |
| UBS AG | &nbsp;&nbsp; 181450 | &nbsp;&nbsp; 7539219 |
| UBS Group AG, Registered Shares | &nbsp;&nbsp; 194194 | &nbsp;&nbsp; 8045457 |
| VAT Group AG | &nbsp;&nbsp; 17634 | &nbsp;&nbsp; 12437005 |
| **Total** | **Total** | &nbsp;&nbsp; **105956350** |
| **Taiwan 1.8%** | **Taiwan 1.8%** | **Taiwan 1.8%** |
| MediaTek, Inc. | &nbsp;&nbsp; 103000 | &nbsp;&nbsp; 6344757 |
| Taiwan Semiconductor Manufacturing Co., Ltd. | &nbsp;&nbsp; 552400 | &nbsp;&nbsp; 34468762 |
| Taiwan Semiconductor Manufacturing Co., Ltd., <br> ADR<br>| &nbsp;&nbsp; 45340 | &nbsp;&nbsp; 16983457 |
| **Total** | **Total** | &nbsp;&nbsp; **57796976** |
| **United Kingdom 16.3%** | **United Kingdom 16.3%** | **United Kingdom 16.3%** |
| Admiral Group PLC | &nbsp;&nbsp; 12791 | &nbsp;&nbsp; 510994 |
| AJ Bell PLC | &nbsp;&nbsp; 202711 | &nbsp;&nbsp; 1186709 |
| Associated British Foods PLC | &nbsp;&nbsp; 15967 | &nbsp;&nbsp; 425238 |
| AstraZeneca PLC | &nbsp;&nbsp; 225612 | &nbsp;&nbsp; 47476126 |
| AstraZeneca PLC | &nbsp;&nbsp; 20645 | &nbsp;&nbsp; 4321274 |
| AstraZeneca PLC | &nbsp;&nbsp; 57015 | &nbsp;&nbsp; 11884777 |
| Autotrader Group PLC | &nbsp;&nbsp; 42476 | &nbsp;&nbsp; 281359 |
| Aviva PLC | &nbsp;&nbsp; 127211 | &nbsp;&nbsp; 1172304 |
| Barclays Bank PLC | &nbsp;&nbsp; 6594980 | &nbsp;&nbsp; 40029646 |
| Berkeley Group Holdings PLC | &nbsp;&nbsp; 168776 | &nbsp;&nbsp; 9814211 |
| BP PLC | &nbsp;&nbsp; 4016864 | &nbsp;&nbsp; 26034940 |
| British American Tobacco PLC | &nbsp;&nbsp; 222858 | &nbsp;&nbsp; 13916455 |
| BT Group PLC | &nbsp;&nbsp; 296697 | &nbsp;&nbsp; 864753 |
| CK Hutchison Holdings Ltd. | &nbsp;&nbsp; 245500 | &nbsp;&nbsp; 2021398 |
| Coca-Cola Europacific Partners PLC | &nbsp;&nbsp; 9618 | &nbsp;&nbsp; 1062116 |
| Compass Group PLC | &nbsp;&nbsp; 367928 | &nbsp;&nbsp; 11267236 |
| Diageo PLC | &nbsp;&nbsp; 1090111 | &nbsp;&nbsp; 24447409 |
| Endeavour Mining PLC | &nbsp;&nbsp; 4663 | &nbsp;&nbsp; 335525 |
| Endeavour Mining PLC | &nbsp;&nbsp; 9207 | &nbsp;&nbsp; 657822 |
| Experian PLC | &nbsp;&nbsp; 347478 | &nbsp;&nbsp; 13078793 |
| Gamma Communications PLC | &nbsp;&nbsp; 7666 | &nbsp;&nbsp; 92773 |

---

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| Halma PLC | &nbsp;&nbsp; 107100 | &nbsp;&nbsp; 6026474 |
| Hiscox Ltd. | &nbsp;&nbsp; 17718 | &nbsp;&nbsp; 369149 |
| IG Group Holdings PLC | &nbsp;&nbsp; 259788 | &nbsp;&nbsp; 4556789 |
| Informa PLC | &nbsp;&nbsp; 59757 | &nbsp;&nbsp; 674912 |
| International Consolidated Airlines Group SA | &nbsp;&nbsp; 27742 | &nbsp;&nbsp; 156895 |
| International Consolidated Airlines Group SA | &nbsp;&nbsp; 35008 | &nbsp;&nbsp; 199399 |
| Kingfisher PLC | &nbsp;&nbsp; 82624 | &nbsp;&nbsp; 415601 |
| Legal & General Group PLC | &nbsp;&nbsp; 345247 | &nbsp;&nbsp; 1261102 |
| Lloyds Banking Group PLC | &nbsp;&nbsp; 7608147 | &nbsp;&nbsp; 10392849 |
| London Stock Exchange Group PLC, ADR<sup>(a)</sup> <br>| &nbsp;&nbsp; 4086 | &nbsp;&nbsp; 122396 |
| M&G PLC | &nbsp;&nbsp; 118322 | &nbsp;&nbsp; 505228 |
| Melrose Industries PLC | &nbsp;&nbsp; 755446 | &nbsp;&nbsp; 5748368 |
| National Grid PLC | &nbsp;&nbsp; 1806910 | &nbsp;&nbsp; 33801202 |
| NatWest Group PLC | &nbsp;&nbsp; 1432491 | &nbsp;&nbsp; 11893136 |
| OSB Group PLC | &nbsp;&nbsp; 15907 | &nbsp;&nbsp; 130695 |
| Prudential PLC | &nbsp;&nbsp; 1083573 | &nbsp;&nbsp; 16596539 |
| Prudential PLC | &nbsp;&nbsp; 4650 | &nbsp;&nbsp; 71170 |
| Prudential PLC, ADR | &nbsp;&nbsp; 66520 | &nbsp;&nbsp; 2045490 |
| Quilter PLC<sup>(b)</sup> <br>| &nbsp;&nbsp; 205951 | &nbsp;&nbsp; 546573 |
| Quilter PLC<sup>(b)</sup> <br>| &nbsp;&nbsp; 226122 | &nbsp;&nbsp; 597277 |
| Reckitt Benckiser Group PLC | &nbsp;&nbsp; 426693 | &nbsp;&nbsp; 37591196 |
| RELX PLC | &nbsp;&nbsp; 122092 | &nbsp;&nbsp; 4265085 |
| RELX PLC | &nbsp;&nbsp; 868690 | &nbsp;&nbsp; 30203817 |
| Rio Tinto Ltd. | &nbsp;&nbsp; 19776 | &nbsp;&nbsp; 2350971 |
| Rio Tinto PLC | &nbsp;&nbsp; 136361 | &nbsp;&nbsp; 13509240 |
| Rolls-Royce Holdings PLC | &nbsp;&nbsp; 1862145 | &nbsp;&nbsp; 33485239 |
| Sage Group PLC (The) | &nbsp;&nbsp; 517083 | &nbsp;&nbsp; 5689844 |
| Sage Group PLC (The), ADR | &nbsp;&nbsp; 7170 | &nbsp;&nbsp; 316735 |
| Segro PLC | &nbsp;&nbsp; 1189400 | &nbsp;&nbsp; 13464439 |
| Smith & Nephew PLC | &nbsp;&nbsp; 706220 | &nbsp;&nbsp; 13036848 |
| Smith & Nephew PLC, ADR | &nbsp;&nbsp; 8672 | &nbsp;&nbsp; 319997 |
| Smiths Group PLC | &nbsp;&nbsp; 215631 | &nbsp;&nbsp; 7971958 |
| Standard Chartered PLC | &nbsp;&nbsp; 598819 | &nbsp;&nbsp; 14771311 |
| Unilever PLC | &nbsp;&nbsp; 88745 | &nbsp;&nbsp; 6521166 |
| Vodafone Group PLC | &nbsp;&nbsp; 3877239 | &nbsp;&nbsp; 5970290 |
| Vodafone Group PLC, ADR | &nbsp;&nbsp; 1426428 | &nbsp;&nbsp; 21909934 |
| **Total** | **Total** | &nbsp;&nbsp; **518371172** |

---

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Common Stocks (continued)** | **Common Stocks (continued)** | **Common Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **United States 3.6%** | **United States 3.6%** | **United States 3.6%** |
| Carnival Corp. | &nbsp;&nbsp; 796666 | &nbsp;&nbsp; 25134813 |
| Carnival PLC, ADR | &nbsp;&nbsp; 37943 | &nbsp;&nbsp; 1194066 |
| CRH PLC | &nbsp;&nbsp; 70604 | &nbsp;&nbsp; 8449065 |
| Ferrovial SE | &nbsp;&nbsp; 15099 | &nbsp;&nbsp; 1125313 |
| Ferrovial SE | &nbsp;&nbsp; 6406 | &nbsp;&nbsp; 476478 |
| GSK PLC | &nbsp;&nbsp; 100527 | &nbsp;&nbsp; 2986986 |
| Palo Alto Networks, Inc.<sup>(a)</sup> <br>| &nbsp;&nbsp; 5160 | &nbsp;&nbsp; 768427 |
| Roche Holding AG, Genusschein Shares | &nbsp;&nbsp; 114741 | &nbsp;&nbsp; 54605409 |
| Smurfit WestRock PLC | &nbsp;&nbsp; 378159 | &nbsp;&nbsp; 17777255 |
| Spotify Technology SA<sup>(a)</sup> <br>| &nbsp;&nbsp; 7132 | &nbsp;&nbsp; 3672552 |
| **Total** | **Total** | &nbsp;&nbsp; **116190364** |
| Total Common Stocks <br>(Cost $2,256,511,909) | Total Common Stocks <br>(Cost $2,256,511,909) | &nbsp;&nbsp; **3126549432** |
| **Exchange-Traded Equity Funds 0.2%** | **Exchange-Traded Equity Funds 0.2%** | **Exchange-Traded Equity Funds 0.2%** |
|  | **Shares** | **Value ($)** |
| **United States 0.2%** | **United States 0.2%** | **United States 0.2%** |
| iShares Core MSCI EAFE ETF | &nbsp;&nbsp; 55101 | &nbsp;&nbsp; 5417530 |
| Total Exchange-Traded Equity Funds <br>(Cost $5,373,419) | Total Exchange-Traded Equity Funds <br>(Cost $5,373,419) | &nbsp;&nbsp; **5417530** |

---

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

---

| | | |
|:---|:---|:---|
| **Preferred Stocks 0.5%** | **Preferred Stocks 0.5%** | **Preferred Stocks 0.5%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Germany 0.5%** | **Germany 0.5%** | **Germany 0.5%** |
| FUCHS SE | &nbsp;&nbsp; 3706 | &nbsp;&nbsp; 160041 |
| Porsche Automobil Holding SE | &nbsp;&nbsp; 7190 | &nbsp;&nbsp; 304008 |
| Volkswagen AG | &nbsp;&nbsp; 114157 | &nbsp;&nbsp; 13573339 |
| **Total** | **Total** | &nbsp;&nbsp; **14037388** |

---

---

| | | |
|:---|:---|:---|
| **Preferred Stocks (continued)** | **Preferred Stocks (continued)** | **Preferred Stocks (continued)** |
| **Issuer** | **Shares** | **Value ($)** |
| **South Korea 0.0%** | **South Korea 0.0%** | **South Korea 0.0%** |
| Samsung Electronics Co., Ltd. | &nbsp;&nbsp; 2984 | &nbsp;&nbsp; 299712 |
| Total Preferred Stocks <br>(Cost $14,491,299) | Total Preferred Stocks <br>(Cost $14,491,299) | &nbsp;&nbsp; **14337100** |

---

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

---

| | | |
|:---|:---|:---|
| **Warrants —%** | **Warrants —%** | **Warrants —%** |
| **Issuer** | **Shares** | **Value ($)** |
| **Canada —%** | **Canada —%** | **Canada —%** |
| Constellation Software, Inc.<sup>(a),(c),(d)</sup> <br>03/31/2040<br>| &nbsp;&nbsp; 5743 | &nbsp;&nbsp; 0 |
| Total Warrants <br>(Cost $—) | Total Warrants <br>(Cost $—) | &nbsp;&nbsp; **0** |
| **Money Market Funds 0.6%** | **Money Market Funds 0.6%** | **Money Market Funds 0.6%** |
|  | **Shares** | **Value ($)** |
| Columbia Short-Term Cash Fund, 3.777%<sup>(h),(i)</sup> <br>| &nbsp;&nbsp; 20696119 | &nbsp;&nbsp; 20691980 |
| Total Money Market Funds <br>(Cost $20,689,502) | Total Money Market Funds <br>(Cost $20,689,502) | &nbsp;&nbsp; **20691980** |
| **Total Investments in Securities** <br>**(Cost $2,297,066,129)** | **Total Investments in Securities** <br>**(Cost $2,297,066,129)** | &nbsp;&nbsp; **3166996042** |
| **Other Assets & Liabilities, Net** |  | &nbsp;&nbsp; **22368943** |
| **Net Assets** | **Net Assets** | &nbsp;&nbsp; **$3189364985** |

---

**Notes to Portfolio of Investments** 

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

&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 $13,233,586, which represents 0.41% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Valuation based on significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At February 28, 2026, the total value of these securities amounted to $0, which represents less than 0.01% of total net assets.

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) 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 $0, which represents less than 0.01% 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 ($)** | **Value ($)** |
| Gazprom PJSC | 11/11/2020-06/10/2021 | &nbsp;&nbsp; 1247200 | &nbsp;&nbsp; 3820620 | &nbsp;&nbsp; — |
| GMK Norilskiy Nickel PAO | 08/07/2019-04/04/2024 | &nbsp;&nbsp; 2020100 | &nbsp;&nbsp; 4978804 | &nbsp;&nbsp; — |
| Lukoil PJSC | 03/30/2020-12/29/2021 | &nbsp;&nbsp; 31251 | &nbsp;&nbsp; 2094074 | &nbsp;&nbsp; — |
| MMC Norilsk Nickel PJSC, ADR | 08/07/2019-11/22/2021 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 123 | &nbsp;&nbsp; — |
| Rosneft Oil Co. PJSC | 03/31/2020-03/16/2021 | &nbsp;&nbsp; 563548 | &nbsp;&nbsp; 3458257 | &nbsp;&nbsp; — |
| Sberbank of Russia PJSC | 03/29/2021-04/08/2021 | &nbsp;&nbsp; 436630 | &nbsp;&nbsp; 1642454 | &nbsp;&nbsp; — |
|  |  |  | &nbsp;&nbsp; 15994332 | &nbsp;&nbsp; — |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(f) As a result of sanctions and restricted cross-border payments, certain payments have not been recognized by the Fund. The Fund will continue to monitor the net realizable value and record payments when it is considered collectible.

&nbsp;&nbsp;&nbsp;&nbsp;(g) On May 25, 2022, the Office of Foreign Assets Control (OFAC) license permitting the holding of the Sberbank position expired, and the position is now considered blocked property. As such the security has been segregated on the Fund's books and records and cannot be sold or transferred at this time.

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

&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% |
|  | 13693380 | &nbsp;&nbsp; 294180262 | &nbsp;&nbsp; (287183337)<br>| &nbsp;&nbsp; 1675 | &nbsp;&nbsp; 20691980 | &nbsp;&nbsp; 3165 | &nbsp;&nbsp; 636264 | &nbsp;&nbsp; 20696119 |

---

**Abbreviation Legend** 

ADR American Depositary Receipt <br> GDR Global Depositary Receipt

**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.

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

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 | 6428987 | &nbsp;&nbsp;&nbsp;&nbsp; 21654898 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 28083885 |
| Austria |  | &nbsp;&nbsp;&nbsp;&nbsp; 3035547 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3035547 |
| Belgium | 454535 | &nbsp;&nbsp;&nbsp;&nbsp; 32950616 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33405151 |
| Bermuda | 299697 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 299697 |
| Brazil | 32488829 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 32488829 |
| Canada | 86306323 | &nbsp;&nbsp;&nbsp;&nbsp; 760022 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 87066345 |
| Chile | 10695993 | &nbsp;&nbsp;&nbsp;&nbsp; 1709188 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12405181 |
| China | 12066734 | &nbsp;&nbsp;&nbsp;&nbsp; 111107338 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 123174072 |
| Denmark | 1739402 | &nbsp;&nbsp;&nbsp;&nbsp; 53788510 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 55527912 |
| Finland | 1793178 | &nbsp;&nbsp;&nbsp;&nbsp; 14109289 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15902467 |
| France |  | &nbsp;&nbsp;&nbsp;&nbsp; 372810588 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 372810588 |
| Germany | 9948878 | &nbsp;&nbsp;&nbsp;&nbsp; 220722366 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 230671244 |
| Greece |  | &nbsp;&nbsp;&nbsp;&nbsp; 5729967 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5729967 |
| Hong Kong | 1997423 | &nbsp;&nbsp;&nbsp;&nbsp; 104377202 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 106374625 |
| India | 8324825 | &nbsp;&nbsp;&nbsp;&nbsp; 3980971 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 12305796 |
| Indonesia |  | &nbsp;&nbsp;&nbsp;&nbsp; 13375885 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13375885 |
| Ireland | 10897678 | &nbsp;&nbsp;&nbsp;&nbsp; 12292988 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23190666 |
| Israel | 2288176 | &nbsp;&nbsp;&nbsp;&nbsp; 5594934 | &nbsp;&nbsp;&nbsp;&nbsp; 105525 | &nbsp;&nbsp;&nbsp;&nbsp; 7988635 |
| Italy |  | &nbsp;&nbsp;&nbsp;&nbsp; 127270848 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 127270848 |
| Japan | 7131829 | &nbsp;&nbsp;&nbsp;&nbsp; 576035511 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 583167340 |
| Kazakhstan | 3005299 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3005299 |
| Luxembourg |  | &nbsp;&nbsp;&nbsp;&nbsp; 6525541 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6525541 |
| Mexico |  | &nbsp;&nbsp;&nbsp;&nbsp; 633871 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 633871 |
| Netherlands | 7983590 | &nbsp;&nbsp;&nbsp;&nbsp; 177486531 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 185470121 |
| New Zealand |  | &nbsp;&nbsp;&nbsp;&nbsp; 876831 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 876831 |
| Norway | 3329290 | &nbsp;&nbsp;&nbsp;&nbsp; 5890414 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9219704 |
| Panama | 3877753 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3877753 |
| Portugal |  | &nbsp;&nbsp;&nbsp;&nbsp; 6063326 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6063326 |
| Russian Federation |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>|
| Saudi Arabia |  | &nbsp;&nbsp;&nbsp;&nbsp; 1109093 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1109093 |
| Singapore | 4682871 | &nbsp;&nbsp;&nbsp;&nbsp; 39651705 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 44334576 |
| South Africa | 8386728 | &nbsp;&nbsp;&nbsp;&nbsp; 2763263 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11149991 |
| South Korea | 5614279 | &nbsp;&nbsp;&nbsp;&nbsp; 61952939 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 67567218 |
| Spain | 128025 | &nbsp;&nbsp;&nbsp;&nbsp; 57020440 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 57148465 |
| Sweden | 7950884 | &nbsp;&nbsp;&nbsp;&nbsp; 49027217 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 56978101 |

---

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Portfolio of Investments (continued)

February 28, 2026 (Unaudited)

**Fair value measurements (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** | **Total ($)** |
| Switzerland | 10325817 | &nbsp;&nbsp;&nbsp;&nbsp; 95630533 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 105956350 |
| Taiwan | 16983457 | &nbsp;&nbsp;&nbsp;&nbsp; 40813519 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 57796976 |
| United Kingdom | 39981171 | &nbsp;&nbsp;&nbsp;&nbsp; 478390001 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 518371172 |
| United States | 49023591 | &nbsp;&nbsp;&nbsp;&nbsp; 67166773 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 116190364 |
| Total Common Stocks | 354135242 | &nbsp;&nbsp;&nbsp;&nbsp; 2772308665 | &nbsp;&nbsp;&nbsp;&nbsp; 105525 | &nbsp;&nbsp;&nbsp;&nbsp; 3126549432 |
| Exchange-Traded Equity Funds | 5417530 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5417530 |
| Preferred Stocks |  |  |  |  |
| Germany |  | &nbsp;&nbsp;&nbsp;&nbsp; 14037388 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14037388 |
| South Korea |  | &nbsp;&nbsp;&nbsp;&nbsp; 299712 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 299712 |
| Total Preferred Stocks |  | &nbsp;&nbsp;&nbsp;&nbsp; 14337100 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14337100 |
| Warrants |  |  |  |  |
| Canada |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>|
| Total Warrants |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0<br> \*<br>|
| Money Market Funds | 20691980 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20691980 |
| Total Investments in Securities | 380244752 | &nbsp;&nbsp;&nbsp;&nbsp; 2786645765 | &nbsp;&nbsp;&nbsp;&nbsp; 105525 | &nbsp;&nbsp;&nbsp;&nbsp; 3166996042 |

---

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

\* Rounds to zero.

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 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.

Multi-Manager International Equity Strategies 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 $2,276,376,627) | $3146304062 |
| Affiliated issuers (cost $20,689,502) | 20691980 |
| Cash | 366 |
| Foreign currency (cost $633,320) | 634901 |
| Receivable for: |  |
| Investments sold | 13130462 |
| Capital shares sold | 1211897 |
| Dividends | 4004039 |
| Foreign tax reclaims | 12605074 |
| Prepaid expenses | 7347 |
| Deferred compensation of board members | 90525 |
| Other assets | 1260 |
| Total assets | 3198681913 |
| **Liabilities** |  |
| Payable for: |  |
| Investments purchased | 5827016 |
| Capital shares redeemed | 2778731 |
| Management services fees | 66973 |
| Transfer agent fees | 285433 |
| Compensation of chief compliance officer | 252 |
| Compensation of board members | 3753 |
| Other expenses | 178771 |
| Deferred compensation of board members | 175999 |
| Total liabilities | 9316928 |
| **Net assets applicable to outstanding capital stock** | **$3189364985** |
| **Represented by** |  |
| Paid in capital | 2213666457 |
| Total distributable earnings (loss) | 975698528 |
| **Total - representing net assets applicable to outstanding capital stock** | **$3189364985** |
| **Institutional Class** |  |
| Net assets | $3189364985 |
| Shares outstanding | 213525794 |
| Net asset value per share | $14.94 |

---

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

Multi-Manager International Equity Strategies 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 | $25178495 |
| Dividends — affiliated issuers | 636264 |
| European Union tax reclaim | 2583940 |
| Foreign taxes withheld | (2020425)<br>|
| Total income | 26378274 |
| Expenses: |  |
| Management services fees | 12258882 |
| Transfer agent fees |  |
| Institutional Class | 1781874 |
| Custodian fees | 190971 |
| Printing and postage fees | 116531 |
| Registration fees | 66164 |
| Accounting services fees | 17002 |
| Legal fees | 32522 |
| Interest on interfund lending | 63 |
| Compensation of chief compliance officer | 253 |
| Compensation of board members | 21554 |
| Deferred compensation of board members | 13164 |
| Other | 122103 |
| Total expenses | 14621083 |
| **Net investment income** | 11757191 |
| **Realized and unrealized gain (loss) — net** |  |
| Net realized gain (loss) on: |  |
| Investments — unaffiliated issuers | 210530818 |
| Investments — affiliated issuers | 3165 |
| Foreign currency translations | (242878)<br>|
| Net realized gain | 210291105 |
| Net change in unrealized appreciation (depreciation) on: |  |
| Investments — unaffiliated issuers | 289095713 |
| Investments — affiliated issuers | 1675 |
| Foreign currency translations | 368383 |
| Net change in unrealized appreciation (depreciation) | 289465771 |
| Net realized and unrealized gain | 499756876 |
| **Net increase in net assets resulting from operations** | **$511514067** |

---

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

Multi-Manager International Equity Strategies 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 | $11757191 | &nbsp;&nbsp; $46261290 |
| Net realized gain | 210291105 | &nbsp;&nbsp; 212187770 |
| Net change in unrealized appreciation (depreciation) | 289465771 | &nbsp;&nbsp; 141680717 |
| Net increase in net assets resulting from operations | 511514067 | &nbsp;&nbsp; 400129777 |
| **Distributions to shareholders** |  |  |
| Net investment income and net realized gains  |  |  |
| Institutional Class | (264632856)<br>| &nbsp;&nbsp; (177342829)<br>|
| Total distributions to shareholders | (264632856)<br>| &nbsp;&nbsp; (177342829)<br>|
| Increase (decrease) in net assets from capital stock activity | (131963926)<br>| &nbsp;&nbsp; 35380634 |
| Total increase in net assets | 114917285 | &nbsp;&nbsp; 258167582 |
| Net assets at beginning of period | 3074447700 | &nbsp;&nbsp; 2816280118 |
| **Net assets at end of period** | **$3189364985** | &nbsp;&nbsp; **$3074447700** |

---

&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** |
| Institutional Class |  |  |  |  |
| Shares sold | 11479684 | &nbsp;&nbsp;&nbsp;&nbsp; 164606522 | &nbsp;&nbsp;&nbsp;&nbsp; 52511257 | &nbsp;&nbsp;&nbsp;&nbsp; 657107732 |
| Distributions reinvested | 19675305 | &nbsp;&nbsp;&nbsp;&nbsp; 264632856 | &nbsp;&nbsp;&nbsp;&nbsp; 15680180 | &nbsp;&nbsp;&nbsp;&nbsp; 177342829 |
| Shares redeemed | (38456432)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (561203304)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (63339644)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (799069927)<br>|
| Net increase (decrease) | (7301443)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (131963926)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4851793 | &nbsp;&nbsp;&nbsp;&nbsp; 35380634 |
| **Total net increase (decrease)** | **(7301443)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **(131963926)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **4851793** | &nbsp;&nbsp;&nbsp;&nbsp; **35380634** |

---

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

Multi-Manager International Equity Strategies 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%.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Institutional Class** | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** | **Year Ended August 31,** |
| **Institutional Class** | **Six Months Ended** <br>**February 28, 2026** <br>**(Unaudited)** | **2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Per share data** |  |  |  |  |  |  |
| Net asset value, beginning of period | $13.92 | &nbsp;&nbsp;&nbsp; $13.04 | &nbsp;&nbsp;&nbsp; $11.24 | &nbsp;&nbsp;&nbsp; $9.36 | &nbsp;&nbsp;&nbsp; $12.67 | &nbsp;&nbsp;&nbsp; $10.02 |
| **Income (loss) from investment operations:** |  |  |  |  |  |  |
| Net investment income | 0.05 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.21 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.23 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;0.22 | &nbsp;&nbsp;&nbsp;&nbsp;0.24 | &nbsp;&nbsp;&nbsp;&nbsp;0.15 |
| Net realized and unrealized gain (loss) | 2.20 | &nbsp;&nbsp;&nbsp;&nbsp;1.52 | &nbsp;&nbsp;&nbsp;&nbsp;1.83 | &nbsp;&nbsp;&nbsp;&nbsp;1.90 | &nbsp;&nbsp;&nbsp; (3.17)<br>| &nbsp;&nbsp;&nbsp;&nbsp;2.65 |
| Total from investment operations | 2.25 | &nbsp;&nbsp;&nbsp;&nbsp;1.73 | &nbsp;&nbsp;&nbsp;&nbsp;2.06 | &nbsp;&nbsp;&nbsp;&nbsp;2.12 | &nbsp;&nbsp;&nbsp; (2.93)<br>| &nbsp;&nbsp;&nbsp;&nbsp;2.80 |
| **Distributions to shareholders** |  |  |  |  |  |  |
| Distributions from net investment income | (0.26)<br>| &nbsp;&nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp;&nbsp; (0.26)<br>| &nbsp;&nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp;&nbsp; (0.14)<br>| &nbsp;&nbsp;&nbsp; (0.15)<br>|
| Distributions from net realized gains | (0.97)<br>| &nbsp;&nbsp;&nbsp; (0.61)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp;&nbsp; — |
| Total distributions to shareholders | (1.23)<br>| &nbsp;&nbsp;&nbsp; (0.85)<br>| &nbsp;&nbsp;&nbsp; (0.26)<br>| &nbsp;&nbsp;&nbsp; (0.24)<br>| &nbsp;&nbsp;&nbsp; (0.38)<br>| &nbsp;&nbsp;&nbsp; (0.15)<br>|
| Net asset value, end of period | $14.94 | &nbsp;&nbsp;&nbsp; $13.92 | &nbsp;&nbsp;&nbsp; $13.04 | &nbsp;&nbsp;&nbsp; $11.24 | &nbsp;&nbsp;&nbsp; $9.36 | &nbsp;&nbsp;&nbsp; $12.67 |
| Total return | 17.13<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.81<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 18.68<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 23.04<br> %<br>| &nbsp;&nbsp;&nbsp; (23.66<br> %)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 28.10<br> %<br>|
| **Ratios to average net assets** |  |  |  |  |  |  |
| Total gross expenses<sup>(b)</sup> <br>| 0.91 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.95 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.98<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.96 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99 %<sup>(c)</sup><br>|
| Total net expenses<sup>(b),(d)</sup> <br>| 0.91 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.95 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.98 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.96 %<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99 %<sup>(c)</sup><br>|
| Net investment income  | 0.73 %<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.63 %<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.97 %<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.09<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.24<br> %<br>|
| **Supplemental data** |  |  |  |  |  |  |
| Net assets, end of period (in thousands) | $3189365 | &nbsp;&nbsp;&nbsp; $3074448 | &nbsp;&nbsp;&nbsp; $2816280 | &nbsp;&nbsp;&nbsp; $2353766 | &nbsp;&nbsp;&nbsp; $2236756 | &nbsp;&nbsp;&nbsp; $2531606 |
| Portfolio turnover | 21<br> %<br>| &nbsp;&nbsp;&nbsp; 59<br> %<br>| &nbsp;&nbsp;&nbsp; 67<br> %<br>| &nbsp;&nbsp;&nbsp; 43<br> %<br>| &nbsp;&nbsp;&nbsp; 59<br> %<br>| &nbsp;&nbsp;&nbsp; 82<br> %<br>|

---

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

---

| | |
|:---|:---|
| **Notes to Financial Highlights** | **Notes to Financial Highlights** |
| (a) | Includes income resulting from European Union tax reclaims, net of an IRS closing agreement for European Union tax reclaims, if applicable. The effect of these amounted to: |

---

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

---

| | | |
|:---|:---|:---|
| **Class** | **Net Investment income per share ($)** | **Net Investment income ratio (%)** |
| **Six Months Ended 2/28/2026 (Unaudited)** |  |  |
| Institutional Class | 0.01 | 0.16 |
| **Year Ended 8/31/2025** |  |  |
| Institutional Class | 0.01 | 0.04 |
| **Year Ended 8/31/2024** |  |  |
| Institutional Class | 0.01 | 0.08 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) 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.

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable.

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

Multi-Manager International Equity Strategies Fund \| 2026

------

Notes to Financial Statements

February 28, 2026 (Unaudited)

Note 1. Organization

Multi-Manager International Equity Strategies Fund (the Fund), a series of Columbia Funds Series Trust I (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 is offered only through certain wrap fee programs sponsored and/or managed by Ameriprise Financial, Inc. (Ameriprise Financial) or its affiliates. The Fund offers the share class listed in the Statement of Assets and Liabilities which is not subject to any front-end sales charge or contingent deferred sales charge.

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 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

Multi-Manager International Equity Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

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 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.

Multi-Manager International Equity Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**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.

The Fund may file withholding tax reclaims in certain European Union countries to recover a portion of foreign taxes previously withheld on dividends earned, which may be reclaimable based upon certain provisions in the Treaty on the Functioning of the European Union (EU) and subsequent rulings by the European Court of Justice. The Fund may record a reclaim receivable when the amount is known, the Fund has received notice of a pending refund, and there are no significant uncertainties on collectability. Income received from EU reclaims is included in the Statement of Operations.

**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 Investment Manager is responsible for the ultimate oversight of

Multi-Manager International Equity Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

investments made by the Fund. The Fund's subadvisers (see Subadvisory agreements below) have 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 0.67% as the Fund's net assets increase. The annualized effective management services fee rate for the six months ended February 28, 2026 was 0.77% of the Fund's average daily net assets.

**Subadvisory agreements** 

The Investment Manager has entered into Subadvisory Agreements with Arrowstreet Capital, Limited Partnership, Baillie Gifford Overseas Limited, Causeway Capital Management LLC, and Walter Scott & Partners Limited, each of which subadvises a portion of the assets of the Fund. New investments in the Fund, net of any redemptions, are allocated in accordance with the Investment Manager's determination. Each subadviser's proportionate share of the investments in the Fund may also vary due to market fluctuations. The Investment Manager compensates each subadviser 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.

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 rate as a percentage of average daily net assets was as follows:

---

| | |
|:---|:---|
|  | **Effective rate (%)** |
| Institutional Class | 0.11 |

---

Multi-Manager International Equity Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

**Distribution and service fees**

The Fund has 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 Fund does not pay the Distributor a fee for the distribution services it provides to the Fund.

**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; **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;&nbsp;&nbsp; **Prior to** <br>**January 1, 2026 (%)**<br>|
| 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;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.96 |

---

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>|
| 2297066000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 978185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (108255000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 869930000 |

---

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 $659,809,311 and $1,047,398,131, 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.

Multi-Manager International Equity Strategies Fund \| 2026

------

Notes to Financial Statements (continued)

February 28, 2026 (Unaudited)

Brokerage commissions paid to brokers affiliated with the Investment Manager of the Fund were $14,110 for the six months ended February 28, 2026.

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'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 | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;4.49 | &nbsp;&nbsp;&nbsp;&nbsp; 2 |

---

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.

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

Multi-Manager International Equity Strategies 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, affiliated shareholders of record owned 100.0% 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 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

Multi-Manager International Equity Strategies 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.

Multi-Manager International Equity Strategies Fund \| 2026

------

**Multi-Manager International Equity Strategies Fund** 

P.O. Box 219104

Kansas City, MO 64121-9104

![](g469787img563617d92.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/

SAR302_08_T01_(04/26)

------

#### 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.
Statement regarding basis for approval of Investment Advisory Contract is included in Item 7 of this Form N-CSR.

------

#### 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 trustees 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.
(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.

------

(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.](d469787dex99cert.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.](d469787dex99906cert.htm)

------

#### 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.

---

| | |
|:---|:---|
| **Columbia Funds Series Trust I** | **Columbia Funds Series Trust I** |
| By: | /s/ Michael G. Clarke |
| Name: | Michael G. Clarke |
| Title: | President and Principal Executive Officer |
| Date: | April 22, 2026 |

---

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.

---

| | |
|:---|:---|
| 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 |

---

## 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 I;

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 trustees (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 |

---

------

I, Charles H. Chiesa, certify that:

1. I have reviewed this report on Form N-CSR of Columbia Funds Series Trust I;

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 trustees (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 |

---

## 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 I (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 |

---

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.