Investment objective & strategy
As of Nov. 24, 2025 · prospectusObjective. Columbia Ultra Short Term Bond Fund (the Fund) seeks a high level of current income consistent with the maintenance of liquidity and the preservation of capital.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in a diversified portfolio of domestic debt securities of investment grade quality. Debt securities may be issued by governments, companies or special purpose entities and may include notes, bonds, debentures and commercial paper. The Fund may invest in mortgage- and other asset-backed securities. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis. Such securities may include mortgage-backed securities acquired or sold in the to be announced (TBA) market and those in a dollar roll transaction. The Fund may invest in floating rate debt securities, which have interest rates that adjust or … Under normal circumstances, the Fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in a diversified portfolio of domestic debt securities of investment grade quality. Debt securities may be issued by governments, companies or special purpose entities and may include notes, bonds, debentures and commercial paper. The Fund may invest in mortgage- and other asset-backed securities. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis. Such securities may include mortgage-backed securities acquired or sold in the to be announced (TBA) market and those in a dollar roll transaction. The Fund may invest in floating rate debt securities, which have interest rates that adjust or float periodically. The Fund may invest in privately placed and other securities or instruments that are purchased and sold pursuant to Rule 144A or other exemptions under the Securities Act of 1933, as amended, subject to certain regulatory restrictions. The Fund may invest up to 20% of total assets in dollar-denominated foreign debt securities. Under normal circumstances, the Funds dollar weighted average effective maturity will be two years or less, and its duration will be one year or less.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| COLUMBIA SHORT TERM CASH FUND | — | $32.42M | 2.12% |
| GMF FLOORPLAN OWNER REVOLVING TRUST SER 2024-1A CL A1 REGD 144A P/P 5.13000000 | GFORT | $27.94M | 1.83% |
| FORDR 2022-1 A | FORDR | $26.79M | 1.75% |
| NMOTR 2024-B A | NMOTR | $26.58M | 1.74% |
| VWALT 2024-A A3 | — | $22.54M | 1.48% |
| FORDF 2023-1 A1 144A 4.92% 05-15-28 | — | $22.04M | 1.44% |
| GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A1 | GFORT | $20.21M | 1.32% |
| GS MTG SECS CORP TR 2023-SHIP A VAR 09/06/2026 144A | 36270GAA | $16.01M | 1.05% |
| BANK OF AMERICA CORP SR UNSECURED 09/27 VAR | — | $15.53M | 1.02% |
| U.S. Treasury Bills | B | $15.49M | 1.01% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Columbia Commodity Strategy Fund · CCSAX, CCSZX, CADLX, CCFYX | 41% | 0.70% |
| Columbia Variable Portfolio - Commodity Strategy Fund | 40% | 0.75% |
| First Trust Enhanced Short Maturity ETF · FTSM | 8% | 0.29% |
Advisers
| Firm | Role |
|---|---|
| Columbia Management Investment Advisers, LLC | Adviser |
Footnotes
- Expense ratio as of November 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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