OMB APPROVAL

 

 

OMB Number:

3235-0578

 

 

Expires:

April 30, 2013

 

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-04367

 

Columbia Funds Series Trust I

(Exact name of registrant as specified in charter)

 

225 Franklin Street, Boston, Massachusetts

 

02110

(Address of principal executive offices)

 

(Zip code)

 

Scott R. Plummer
5228 Ameriprise Financial Center
Minneapolis, MN 55474

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:

1-612-671-1947

 

 

Date of fiscal year end:

March 31

 

 

Date of reporting period:

December 31, 2012

 

 



 

Item 1. Schedule of Investments.

 



 

Portfolio of Investments

 

Columbia Pacific/Asia Fund

 

December 31, 2012 (Unaudited)

 

(Percentages represent value of investments compared to net assets)



Issuer

 

Shares

 

Value

 

 

 

 

 

 

 

Common Stocks 99.3%

 

 

 

 

 

AUSTRALIA 11.8%

 

 

 

 

 

Amcor Ltd.

 

252,042

 

$

2,130,195

 

Australia and New Zealand Banking Group Ltd.

 

249,299

 

6,565,662

 

BHP Billiton Ltd.

 

147,047

 

5,740,777

 

Commonwealth Bank of Australia

 

59,199

 

3,855,418

 

Iluka Resources Ltd.

 

68,080

 

657,923

 

Monadelphous Group Ltd.

 

115,317

 

2,968,878

 

National Australia Bank Ltd.

 

47,881

 

1,259,418

 

Sydney Airport

 

604,001

 

2,127,623

 

Telstra Corp., Ltd.

 

911,588

 

4,153,858

 

Wesfarmers Ltd.

 

38,043

 

1,467,742

 

Westpac Banking Corp.

 

151,259

 

4,144,464

 

Total

 

 

 

35,071,958

 

CHINA 12.5%

 

 

 

 

 

China Communications Construction Co., Ltd., Class H

 

3,337,000

 

3,285,826

 

China Mobile Ltd., ADR

 

108,983

 

6,399,482

 

China Petroleum & Chemical Corp., Class H

 

1,582,000

 

1,821,316

 

China Shenhua Energy Co., Ltd., Class H

 

362,500

 

1,623,753

 

China Telecom Corp., Ltd., Class H

 

1,228,000

 

694,367

 

China Vanke Co., Ltd., Class B

 

1,234,383

 

2,137,239

 

CNOOC Ltd.

 

1,933,000

 

4,258,424

 

Guangdong Investment Ltd.

 

3,750,000

 

2,970,102

 

Industrial & Commercial Bank of China Ltd., Class H

 

8,210,100

 

5,925,860

 

PetroChina Co., Ltd., Class H

 

3,240,000

 

4,674,241

 

Tencent Holdings Ltd.

 

24,200

 

793,680

 

Zhuzhou CSR Times Electric Co., Ltd., Class H

 

686,000

 

2,603,596

 

Total

 

 

 

37,187,886

 

HONG KONG 6.4%

 

 

 

 

 

Cheung Kong Holdings Ltd.

 

112,000

 

1,742,654

 

Hongkong Land Holdings Ltd.

 

303,000

 

2,140,048

 

Jardine Matheson Holdings Ltd.

 

34,279

 

2,138,901

 

Link REIT (The)

 

514,000

 

2,574,167

 

Sands China Ltd.

 

545,200

 

2,437,406

 

Television Broadcasts Ltd.

 

420,000

 

3,157,891

 

Wharf Holdings Ltd.

 

331,000

 

2,637,978

 

Wynn Macau Ltd. (a)

 

818,800

 

2,254,713

 

Total

 

 

 

19,083,758

 

INDIA 4.0%

 

 

 

 

 

Cairn India Ltd.

 

439,710

 

2,580,793

 

HDFC Bank Ltd., ADR

 

74,464

 

3,032,174

 

ICICI Bank Ltd., ADR

 

41,576

 

1,813,129

 

 

Issuer

 

Shares

 

Value

 

 

 

 

 

 

 

Common Stocks (continued)

 

INDIA (CONTINUED)

 

 

 

 

 

ITC Ltd.

 

265,108

 

$

1,396,018

 

Tata Motors Ltd.

 

347,388

 

1,996,799

 

Titan Industries Ltd.

 

218,992

 

1,147,853

 

Total

 

 

 

11,966,766

 

INDONESIA 3.2%

 

 

 

 

 

PT Bank Rakyat Indonesia Persero Tbk

 

2,295,000

 

1,664,458

 

PT Indocement Tunggal Prakarsa Tbk

 

1,074,000

 

2,508,912

 

PT Indofood Sukses Makmur Tbk

 

2,219,500

 

1,350,130

 

PT Media Nusantara Citra Tbk

 

4,639,000

 

1,205,273

 

PT Perusahaan Gas Negara Persero Tbk

 

5,507,000

 

2,636,988

 

Total

 

 

 

9,365,761

 

JAPAN 29.9%

 

 

 

 

 

Aisin Seiki Co., Ltd.

 

30,000

 

936,814

 

Arnest One Corp.

 

224,000

 

3,669,323

 

Astellas Pharma, Inc.

 

31,200

 

1,402,802

 

Canon, Inc.

 

96,900

 

3,755,820

 

Chiyoda Co., Ltd.

 

49,700

 

1,243,980

 

Daiichikosho Co., Ltd.

 

115,000

 

2,666,763

 

FANUC CORP.

 

22,200

 

4,130,301

 

Fuji Heavy Industries Ltd.

 

359,000

 

4,527,105

 

Hino Motors Ltd.

 

213,000

 

1,925,267

 

Hitachi Ltd.

 

893,000

 

5,254,866

 

Hoshizaki Electric Co., Ltd.

 

24,900

 

662,075

 

ITOCHU Corp.

 

480,600

 

5,079,510

 

Japan Tobacco, Inc.

 

181,400

 

5,124,437

 

Kinki Sharyo Co., Ltd.

 

364,000

 

1,223,811

 

Lawson, Inc.

 

43,700

 

2,964,395

 

Maeda Road Construction Co., Ltd.

 

57,000

 

870,880

 

Mitsubishi Estate Co., Ltd.

 

138,000

 

3,303,817

 

Mitsubishi UFJ Financial Group, Inc.

 

1,079,200

 

5,839,674

 

Mitsui & Co., Ltd.

 

166,500

 

2,495,646

 

Nippon Telegraph & Telephone Corp.

 

35,100

 

1,477,814

 

Nitto Denko Corp.

 

90,600

 

4,461,928

 

ORIX Corp.

 

47,710

 

5,389,252

 

Shin-Etsu Chemical Co., Ltd.

 

24,400

 

1,489,133

 

SoftBank Corp.

 

42,900

 

1,571,909

 

Sumitomo Mitsui Financial Group, Inc.

 

189,600

 

6,890,409

 

Takeda Pharmaceutical Co., Ltd.

 

45,300

 

2,024,684

 

Totetsu Kogyo Co., Ltd

 

62,900

 

861,728

 

Toyota Motor Corp.

 

163,500

 

7,634,820

 

Total

 

 

 

88,878,963

 

PHILIPPINES 4.4%

 

 

 

 

 

Aboitiz Power Corp.

 

3,737,200

 

3,365,474

 


 


 


Issuer

 

Shares

 

Value

 

 

 

 

 

 

 

Common Stocks (continued)

 

 

 

PHILIPPINES (CONTINUED)

 

 

 

 

 

Ayala Land, Inc.

 

2,027,600

 

$

1,310,583

 

Energy Development Corp.

 

9,910,000

 

1,633,274

 

GT Capital Holdings, Inc.

 

173,800

 

2,627,715

 

International Container Terminal Services, Inc.

 

591,920

 

1,069,357

 

Metropolitan Bank & Trust

 

308,740

 

768,681

 

Security Bank Corp.

 

623,440

 

2,374,286

 

Total

 

 

 

13,149,370

 

SINGAPORE 8.0%

 

 

 

 

 

CapitaCommercial Trust

 

1,112,000

 

1,543,146

 

DBS Group Holdings Ltd.

 

332,000

 

4,075,804

 

Hutchison Port Holdings Trust

 

4,667,000

 

3,735,322

 

Keppel Corp., Ltd.

 

381,000

 

3,479,126

 

Mapletree Industrial Trust

 

854,000

 

953,568

 

Mapletree Logistics Trust

 

1,803,000

 

1,696,879

 

Singapore Technologies Engineering Ltd.

 

1,088,000

 

3,433,952

 

Venture Corp., Ltd.

 

298,000

 

1,975,813

 

Wing Tai Holdings Ltd.

 

1,802,000

 

2,768,934

 

Total

 

 

 

23,662,544

 

SOUTH KOREA 5.5%

 

 

 

 

 

Hyundai Motor Co.

 

20,048

 

4,132,779

 

Samsung Electronics Co., Ltd.

 

8,480

 

12,184,063

 

Total

 

 

 

16,316,842

 

TAIWAN 7.4%

 

 

 

 

 

Airtac International Group

 

113,000

 

658,529

 

Asustek Computer, Inc.

 

211,000

 

2,389,444

 

 

Issuer

 

Shares

 

Value

 

 

 

 

 

 

 

Common Stocks (continued)

 

TAIWAN (CONTINUED)

 

 

 

 

 

CTCI Corp.

 

1,320,000

 

$

2,622,406

 

Far EasTone Telecommunications Co., Ltd.

 

949,000

 

2,423,156

 

Gigabyte Technology Co., Ltd.

 

2,604,000

 

2,339,739

 

Hon Hai Precision Industry Co., Ltd.

 

872,000

 

2,699,119

 

HTC Corp.

 

123,000

 

1,284,783

 

Taiwan Semiconductor Manufacturing Co., Ltd., ADR

 

431,866

 

7,410,821

 

Total

 

 

 

21,827,997

 

THAILAND 5.1%

 

 

 

 

 

Advanced Information Service PCL, Foreign Registered Shares

 

415,500

 

2,857,727

 

Bangkok Bank PCL, Foreign Registered Shares

 

549,800

 

3,771,934

 

Bangkok Expressway PCL, Foreign Registered Shares

 

2,596,500

 

2,957,497

 

BEC World PCL, Foreign Registered Shares

 

604,700

 

1,409,416

 

PTT PCL, Foreign Registered Shares

 

302,330

 

3,305,171

 

Siam Cement PCL, Foreign Registered Shares

 

61,600

 

943,391

 

Total

 

 

 

15,245,136

 

UNITED KINGDOM 1.1%

 

 

 

 

 

HSBC Holdings PLC, ADR

 

59,630

 

3,164,564

 

Total Common Stocks
(Cost: $246,558,927)

 

 

 

$

294,921,545

 

Total Investments

 

 

 

 

 

(Cost: $246,558,927) (b)(c)

 

 

 

$

294,921,545(d)

 

Other Assets & Liabilities, Net

 

 

 

1,943,358

 

Net Assets

 

 

 

$

296,864,903

 


 


 

Investments in Derivatives

Forward Foreign Currency Exchange Contracts Open at December 31, 2012

 

 

Counterparty

 

Exchange Date

 

Currency to be
Delivered

 

Currency to be
Received

 

Unrealized
Appreciation ($)

 

Unrealized
Depreciation ($)

 

Morgan Stanley

 

January 23, 2013

 

1,820,000

 

2,918,039

 

 

(38,290

)

 

 

 

 

(GBP)

 

(USD)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

50,745,730,000

 

5,261,187

 

8,801

 

 

 

 

 

 

(IDR)

 

(USD)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

296,877,000

 

7,269,270

 

34,101

 

 

 

 

 

 

(PHP)

 

(USD)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

36,318,000

 

884,403

 

 

(701

)

 

 

 

 

(PHP)

 

(USD)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

7,170,000

 

5,875,049

 

5,746

 

 

 

 

 

 

(SGD)

 

(USD)

 

 

 

 

 

 


 

Counterparty

 

Exchange Date

 

Currency to be
Delivered

 

Currency to be
Received

 

Unrealized
Appreciation ($)

 

Unrealized
Depreciation ($)

 

Morgan Stanley

 

January 23, 2013

 

295,962,000

 

9,606,817

 

 

(56,520

)

 

 

 

 

(THB)

 

(USD)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

59,574,000

 

2,055,662

 

4,028

 

 

 

 

 

 

(TWD)

 

(USD)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

11,037,011

 

10,612,000

 

 

(34,382

)

 

 

 

 

(USD)

 

(AUD)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

2,069,990

 

1,997,000

 

519

 

 

 

 

 

 

(USD)

 

(AUD)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

884,450

 

48,926,000

 

4,704

 

 

 

 

 

 

(USD)

 

(INR)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

5,132,799

 

425,225,000

 

 

(223,727

)

 

 

 

 

(USD)

 

(JPY)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

13,166,282

 

14,274,225,000

 

148,715

 

 

 

 

 

 

(USD)

 

(KRW)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

6,412,661

 

19,591,000

 

 

(15,662

)

 

 

 

 

(USD)

 

(MYR)

 

 

 

 

 

Morgan Stanley

 

January 23, 2013

 

3,497,034

 

4,260,000

 

18,716

 

 

 

 

 

 

(USD)

 

(NZD)

 

 

 

 

 

Total

 

 

 

 

 

 

 

225,330

 

(369,282

)

 

Notes to Portfolio of Investments

 

 

(a)

Non-income producing.

(b)

At December 31, 2012, the cost of securities for federal income tax purposes was approximately $246,559,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

 

Unrealized Appreciation

 

$

50,037,000

 

Unrealized Depreciation

 

(1,674,000

)

Net Unrealized Appreciation

 

$

48,363,000

 

 

(c)

As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of its outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended December 31, 2012, are as follows:

 

Issuer

 

Beginning
Cost ($)

 

Purchase
Cost ($)

 

Proceeds from
Sales ($)

 

Ending Cost ($)

 

Dividends or
Interest Income ($)

 

Value ($)

 

Columbia Short-Term Cash Fund

 

1,410,266

 

89,762,291

 

(91,172,557

)

 

3,181

 

 

 

(d)

Investments are valued using policies described in the notes to financial statements in the most recent shareholder report.

 

Abbreviation Legend

 

 

ADR

American Depositary Receipt

 

Currency Legend

 

 

AUD

Australian Dollar

GBP

British Pound

IDR

Indonesian Rupiah

INR

Indian Rupee

JPY

Japanese Yen

KRW

Korean Won

MYR

Malaysia Ringgits

NZD

New Zealand Dollar

PHP

Philippine Peso

SGD

Singapore Dollar

THB

Thailand Baht

TWD

Taiwan Dollar

USD

US Dollar

 

 


 

Fair Value Measurements

 

 

Generally accepted accounting principles (GAAP) require 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.

 

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 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 (including NAV for open-end mutual funds).  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.

 

Foreign equity securities actively traded in markets where there is a significant delay in the local close relative to the New York Stock Exchange (NYSE) are classified as Level 2.  The values of these securities may include an adjustment to reflect the impact of significant market movements following the close of local trading, as described in Note 2 to the financial statements – Security Valuation in the most recent Semi-Annual report dated September 30, 2012.

 

Investments falling into the Level 3 category 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 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.

 

Under the direction of the Fund’s Board of Trustees (the Board), the Investment Manager’s Valuation Committee (the Committee) is responsible for carrying out the 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 control policies and procedures (the Policies). The Policies address, among other things, instances when market quotations are 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. The Committee reports to the Board, with members of the Committee meeting with the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.

 

For investments categorized as Level 3, the Committee monitors information similar to that described above, which may include: (i) data specific to the issuer or comparable issuers, (ii) general market or specific sector news and (iii) quoted prices and specific or similar security transactions. The Committee considers this data and any changes from prior periods in order to assess the reasonableness of observable and unobservable inputs, any assumptions or internal models used to value those securities and changes in fair value. This data is also used to corroborate, when available, information received from approved pricing vendors and brokers. Various factors impact the frequency of monitoring this information (which may occur as often as daily). However, the Committee may determine that changes to inputs, assumptions and models are not required as a result of the monitoring procedures performed.

 

The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2012:

 

Description

 

Level 1

 

Level 2

 

Level 3

 

 

 

 

 

Quoted Prices in

 

Other Significant

 

Significant

 

 

 

 

 

Active Markets for

 

Observable

 

Unobservable

 

 

 

 

 

Identical Assets ($)

 

Inputs ($)

 

Inputs ($)

 

Total ($)

 

Equity Securities

 

 

 

 

 

 

 

 

 

Common Stocks

 

 

 

 

 

 

 

 

 

Consumer Discretionary

 

 

38,420,935

 

 

38,420,935

 

Consumer Staples

 

 

12,302,722

 

 

12,302,722

 

Energy

 

 

18,263,698

 

 

18,263,698

 

Financials

 

8,009,868

 

77,962,049

 

 

85,971,917

 

Health Care

 

 

3,427,485

 

 

3,427,485

 

Industrials

 

 

48,330,230

 

 

48,330,230

 

Information Technology

 

7,410,821

 

32,677,327

 

 

40,088,148

 

Materials

 

 

17,932,258

 

 

17,932,258

 

Telecommunication Services

 

6,399,482

 

13,178,831

 

 

19,578,313

 

Utilities

 

 

10,605,839

 

 

10,605,839

 

Total Equity Securities

 

21,820,171

 

273,101,374

 

 

294,921,545

 

Investments in Securities

 

21,820,171

 

273,101,374

 

 

294,921,545

 

Derivatives

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

Forward Foreign Currency Exchange Contracts

 

 

225,330

 

 

225,330

 

Liabilities

 

 

 

 

 

 

 

 

 

Forward Foreign Currency Exchange Contracts

 

 

(369,282)

 

 

(369,282

)

Total

 

21,820,171

 

272,957,422

 

 

294,777,593

 

 

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 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 models utilized by the third party statistical pricing service take into account a security’s correlation to available market data including, but not limited to, intraday index, ADR, and ETF movements.

 

There were no transfers of financial assets between Levels 1 and 2 during the period.

 

Derivative instruments are valued at unrealized appreciation (depreciation).

 


 

Portfolio of Investments

 

Columbia Select Large Cap Growth Fund

 

December 31, 2012 (Unaudited)

 

(Percentages represent value of investments compared to net assets)



Issuer

 

Shares

 

Value

 

 

 

 

 

 

 

Common Stocks 99.2%

 

 

 

 

 

CONSUMER DISCRETIONARY 23.9%

 

 

 

 

 

Hotels, Restaurants & Leisure 8.3%

 

 

 

 

 

Las Vegas Sands Corp.

 

4,846,889

 

$

223,732,396

 

Yum! Brands, Inc.

 

2,711,596

 

180,049,975

 

Total

 

 

 

403,782,371

 

Internet & Catalog Retail 7.5%

 

 

 

 

 

Amazon.com, Inc. (a)

 

782,841

 

196,602,689

 

priceline.com, Inc. (a)

 

273,377

 

169,821,792

 

Total

 

 

 

366,424,481

 

Textiles, Apparel & Luxury Goods 8.1%

 

 

 

 

 

lululemon athletica, Inc. (a)

 

2,375,947

 

181,118,440

 

Michael Kors Holdings Ltd. (a)

 

4,180,037

 

213,307,288

 

Total

 

 

 

394,425,728

 

TOTAL CONSUMER DISCRETIONARY

 

 

 

1,164,632,580

 

CONSUMER STAPLES 2.8%

 

 

 

 

 

Personal Products 2.8%

 

 

 

 

 

Estee Lauder Companies, Inc. (The), Class A

 

2,323,400

 

139,078,724

 

TOTAL CONSUMER STAPLES

 

 

 

139,078,724

 

ENERGY 7.0%

 

 

 

 

 

Energy Equipment & Services 3.9%

 

 

 

 

 

FMC Technologies, Inc. (a)

 

4,426,221

 

189,575,046

 

Oil, Gas & Consumable Fuels 3.1%

 

 

 

 

 

EOG Resources, Inc.

 

1,267,995

 

153,161,116

 

TOTAL ENERGY

 

 

 

342,736,162

 

FINANCIALS 2.8%

 

 

 

 

 

Capital Markets 2.8%

 

 

 

 

 

Franklin Resources, Inc.

 

1,073,711

 

134,965,473

 

TOTAL FINANCIALS

 

 

 

134,965,473

 

HEALTH CARE 23.5%

 

 

 

 

 

Biotechnology 14.2%

 

 

 

 

 

Alexion Pharmaceuticals, Inc. (a)

 

1,770,479

 

166,088,635

 

Biogen Idec, Inc. (a)

 

1,066,576

 

156,434,702

 

Celgene Corp. (a)

 

2,632,735

 

207,248,899

 

Gilead Sciences, Inc. (a)

 

2,204,025

 

161,885,636

 

Total

 

 

 

691,657,872

 

 

Issuer

 

Shares

 

Value

 

 

 

 

 

 

 

Common Stocks (continued)

 

 

 

 

 

HEALTH CARE (CONTINUED)

 

 

 

 

 

Health Care Equipment & Supplies 3.3%

 

 

 

 

 

Edwards Lifesciences Corp. (a)

 

1,779,799

 

$

160,484,476

 

Pharmaceuticals 6.0%

 

 

 

 

 

Allergan, Inc.

 

1,528,756

 

140,232,788

 

Novo Nordisk A/S, ADR

 

938,997

 

153,253,700

 

Total

 

 

 

293,486,488

 

TOTAL HEALTH CARE

 

 

 

1,145,628,836

 

INDUSTRIALS 5.1%

 

 

 

 

 

Aerospace & Defense 2.9%

 

 

 

 

 

Precision Castparts Corp.

 

738,487

 

139,884,207

 

Trading Companies & Distributors 2.2%

 

 

 

 

 

Fastenal Co.

 

2,329,620

 

108,769,958

 

TOTAL INDUSTRIALS

 

 

 

248,654,165

 

INFORMATION TECHNOLOGY 32.4%

 

 

 

 

 

Communications Equipment 4.0%

 

 

 

 

 

QUALCOMM, Inc.

 

3,149,790

 

195,349,976

 

Computers & Peripherals 3.5%

 

 

 

 

 

EMC Corp. (a)

 

6,711,979

 

169,813,069

 

Internet Software & Services 14.9%

 

 

 

 

 

Baidu, Inc., ADR (a)

 

1,881,467

 

188,692,325

 

Facebook, Inc., Class A (a)

 

6,775,550

 

180,432,897

 

Google, Inc., Class A (a)

 

219,340

 

155,593,216

 

LinkedIn Corp., Class A (a)

 

1,741,020

 

199,903,916

 

Total

 

 

 

724,622,354

 

IT Services 6.5%

 

 

 

 

 

Cognizant Technology Solutions Corp., Class A (a)

 

2,112,402

 

156,423,368

 

Visa, Inc., Class A

 

1,074,671

 

162,898,630

 

Total

 

 

 

319,321,998

 

Software 3.5%

 

 

 

 

 

Salesforce.com, Inc. (a)

 

1,022,234

 

171,837,535

 

TOTAL INFORMATION TECHNOLOGY

 

 

 

1,580,944,932

 


 


 


Issuer

 

Shares

 

Value

 

 

 

 

 

 

 

Common Stocks (continued)

 

MATERIALS 1.7%

 

 

 

 

 

Chemicals 1.7%

 

 

 

 

 

Monsanto Co.

 

858,921

 

$

81,296,873

 

TOTAL MATERIALS

 

 

 

81,296,873

 

Total Common Stocks
(Cost: $3,466,758,019)

 

 

 

$

4,837,937,745

 

 

 

 

Shares

 

Value

 

 

 

 

 

 

 

Money Market Funds 1.0%

 

 

 

 

 

Columbia Short-Term Cash Fund, 0.142% (b)(c)

 

49,275,545

 

$

49,275,545

 

Total Money Market Funds
(Cost: $49,275,545)

 

 

 

$

49,275,545

 

Total Investments

 

 

 

 

 

(Cost: $3,516,033,564) (d)

 

 

 

$

4,887,213,290(e)

 

Other Assets & Liabilities, Net

 

 

 

(11,096,079)

 

Net Assets

 

 

 

$

4,876,117,211

 


 


 

Notes to Portfolio of Investments

 

 

(a)

Non-income producing.

(b)

The rate shown is the seven-day current annualized yield at December 31, 2012.

(c)

As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of its outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended December 31, 2012, are as follows:

 

Issuer

 

Beginning
Cost ($)

 

Purchase Cost
($)

 

Proceeds from
Sales ($)

 

Ending Cost ($)

 

Dividends or
Interest
Income ($)

 

Value ($)

 

Columbia Short-Term Cash Fund

 

10,320,898

 

1,360,834,082

 

(1,321,879,435

)

49,275,545

 

70,265

 

49,275,545

 

 

(d)

At December 31, 2012, the cost of securities for federal income tax purposes was approximately $3,516,034,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

 

Unrealized Appreciation

 

$

1,375,596,000

 

Unrealized Depreciation

 

(4,417,000

)

Net Unrealized Appreciation

 

$

1,371,179,000

 

 

(e)

Investments are valued using policies described in the notes to financial statements in the most recent shareholder report.

 

Abbreviation Legend

 

 

ADR

American Depositary Receipt

 

Fair Value Measurements

 

 

Generally accepted accounting principles (GAAP) require 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.

 

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 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 (including NAV for open-end mutual funds). 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 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 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.

 

Under the direction of the Fund’s Board of Trustees (the Board), the Investment Manager’s Valuation Committee (the Committee) is responsible for carrying out the 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 control policies and procedures (the Policies). The Policies address, among other things, instances when market quotations are 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. The Committee reports to the Board, with members of the Committee meeting with the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.

 

For investments categorized as Level 3, the Committee monitors information similar to that described above, which may include: (i) data specific to the issuer or comparable issuers, (ii) general market or specific sector news and (iii) quoted prices and specific or similar security transactions. The Committee considers this data and any changes from prior periods in order to assess the reasonableness of observable and unobservable inputs, any assumptions or internal models used to value those securities and changes in fair value. This data is also used to corroborate, when available, information received from approved pricing vendors and brokers. Various factors impact the frequency of monitoring this information (which may occur as often as daily). However, the Committee may determine that changes to inputs, assumptions and models are not required as a result of the monitoring procedures performed.

 

The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2012:

 


 

Description

 

Level 1

 

Level 2

 

Level 3

 

 

 

 

 

Quoted Prices in

 

Other Significant

 

Significant

 

 

 

 

 

Active Markets for

 

Observable

 

Unobservable

 

 

 

 

 

Identical Assets ($)

 

Inputs ($)

 

Inputs ($)

 

Total ($)

 

Equity Securities

 

 

 

 

 

 

 

 

 

Common Stocks

 

 

 

 

 

 

 

 

 

Consumer Discretionary

 

1,164,632,580

 

 

 

1,164,632,580

 

Consumer Staples

 

139,078,724

 

 

 

139,078,724

 

Energy

 

342,736,162

 

 

 

342,736,162

 

Financials

 

134,965,473

 

 

 

134,965,473

 

Health Care

 

1,145,628,836

 

 

 

1,145,628,836

 

Industrials

 

248,654,165

 

 

 

248,654,165

 

Information Technology

 

1,580,944,932

 

 

 

1,580,944,932

 

Materials

 

81,296,873

 

 

 

81,296,873

 

Total Equity Securities

 

4,837,937,745

 

 

 

4,837,937,745

 

Other

 

 

 

 

 

 

 

 

 

Money Market Funds

 

49,275,545

 

 

 

49,275,545

 

Total Other

 

49,275,545

 

 

 

49,275,545

 

Total

 

4,887,213,290

 

 

 

4,887,213,290

 

 

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

 

There were no transfers of financial assets between Levels 1 and 2 during the period.


 

Portfolio of Investments

Columbia Active Portfolios – Select Large Cap Growth Fund

December 31, 2012 (Unaudited)

(Percentages represent value of investments compared to net assets)

 


Issuer

 

Shares

 

Value

 

 

 

 

 

 

 

Common Stocks 98.9%

 

 

 

 

 

CONSUMER DISCRETIONARY 22.7%

 

 

 

 

 

Hotels, Restaurants & Leisure 7.9%

 

 

 

 

 

Las Vegas Sands Corp.

 

974,723

 

$

44,993,213

 

Yum! Brands, Inc.

 

528,002

 

35,059,333

 

Total

 

 

 

80,052,546

 

Internet & Catalog Retail 7.2%

 

 

 

 

 

Amazon.com, Inc. (a)

 

164,455

 

41,301,229

 

priceline.com, Inc. (a)

 

49,525

 

30,764,930

 

Total

 

 

 

72,066,159

 

Textiles, Apparel & Luxury Goods 7.6%

 

 

 

lululemon athletica, Inc. (a)

 

475,042

 

36,212,452

 

Michael Kors Holdings Ltd. (a)

 

796,951

 

40,668,409

 

Total

 

 

 

76,880,861

 

TOTAL CONSUMER DISCRETIONARY

 

 

 

228,999,566

 

CONSUMER STAPLES 2.9%

 

 

 

 

 

Personal Products 2.9%

 

 

 

 

 

Estee Lauder Companies, Inc. (The), Class A

 

494,787

 

29,617,950

 

TOTAL CONSUMER STAPLES

 

 

 

29,617,950

 

ENERGY 7.1%

 

 

 

 

 

Energy Equipment & Services 3.7%

 

 

 

 

 

FMC Technologies, Inc. (a)

 

886,602

 

37,973,164

 

Oil, Gas & Consumable Fuels 3.4%

 

 

 

 

 

EOG Resources, Inc.

 

281,110

 

33,955,277

 

TOTAL ENERGY

 

 

 

71,928,441

 

FINANCIALS 2.8%

 

 

 

 

 

Capital Markets 2.8%

 

 

 

 

 

Franklin Resources, Inc.

 

222,760

 

28,000,932

 

TOTAL FINANCIALS

 

 

 

28,000,932

 

HEALTH CARE 22.8%

 

 

 

 

 

Biotechnology 13.2%

 

 

 

 

 

Alexion Pharmaceuticals, Inc. (a)

 

319,504

 

29,972,670

 

Biogen Idec, Inc. (a)

 

257,134

 

37,713,844

 

Celgene Corp. (a)

 

445,167

 

35,043,546

 

Gilead Sciences, Inc. (a)

 

415,894

 

30,547,414

 

Total

 

 

 

133,277,474

 

 

Issuer

 

Shares

 

Value

 

 

 

 

 

 

 

Common Stocks (continued)

 

HEALTH CARE (CONTINUED)

 

 

 

 

 

Health Care Equipment & Supplies 3.3%

 

 

 

Edwards Lifesciences Corp. (a)

 

367,487

 

$

33,136,303

 

Pharmaceuticals 6.3%

 

 

 

 

 

Allergan, Inc.

 

341,705

 

31,344,600

 

Novo Nordisk A/S, ADR

 

197,148

 

32,176,525

 

Total

 

 

 

63,521,125

 

TOTAL HEALTH CARE

 

 

 

229,934,902

 

INDUSTRIALS 5.3%

 

 

 

 

 

Aerospace & Defense 3.1%

 

 

 

 

 

Precision Castparts Corp.

 

164,281

 

31,118,107

 

Trading Companies & Distributors 2.2%

 

 

 

Fastenal Co.

 

467,390

 

21,822,439

 

TOTAL INDUSTRIALS

 

 

 

52,940,546

 

INFORMATION TECHNOLOGY 33.6%

 

 

 

 

 

Communications Equipment 3.7%

 

 

 

 

 

QUALCOMM, Inc.

 

606,060

 

37,587,841

 

Computers & Peripherals 3.6%

 

 

 

 

 

EMC Corp. (a)

 

1,449,356

 

36,668,707

 

Internet Software & Services 15.0%

 

 

 

 

 

Baidu, Inc., ADR (a)

 

370,073

 

37,114,621

 

Facebook, Inc., Class A (a)

 

1,363,070

 

36,298,554

 

Google, Inc., Class A (a)

 

45,639

 

32,374,938

 

LinkedIn Corp., Class A (a)

 

393,817

 

45,218,068

 

Total

 

 

 

151,006,181

 

IT Services 7.3%

 

 

 

 

 

Cognizant Technology Solutions Corp., Class A (a)

 

444,587

 

32,921,667

 

Visa, Inc., Class A

 

264,776

 

40,134,746

 

Total

 

 

 

73,056,413

 

Software 4.0%

 

 

 

 

 

Salesforce.com, Inc. (a)

 

238,788

 

40,140,263

 

TOTAL INFORMATION TECHNOLOGY

 

 

 

338,459,405

 


 


 


Issuer

 

Shares

 

Value

 

 

 

 

 

 

 

Common Stocks (continued)

 

MATERIALS 1.7%

 

 

 

 

 

Chemicals 1.7%

 

 

 

 

 

Monsanto Co.

 

176,104

 

$

16,668,244

 

TOTAL MATERIALS

 

 

 

16,668,244

 

Total Common Stocks
(Cost: $962,781,307)

 

 

 

$

996,549,986

 

 

 

 

Shares

 

Value

 

 

 

 

 

 

 

Money Market Funds 2.0%

 

 

 

 

 

Columbia Short-Term Cash Fund, 0.142% (b)(c)

 

19,979,243

 

$

19,979,243

 

Total Money Market Funds
(Cost: $19,979,243)

 

 

 

$

19,979,243

 

Total Investments

 

 

 

 

 

(Cost: $982,760,550) (d)

 

 

 

$

1,016,529,229(e)

 

Other Assets & Liabilities, Net

 

 

 

(9,164,365)

 

Net Assets

 

 

 

$

1,007,364,864

 


Notes to Portfolio of Investments

 

 

 

(a)

Non-income producing.

(b)

The rate shown is the seven-day current annualized yield at December 31, 2012.

(c)

As defined in the Investment Company Act of 1940, an affiliated company is one in which the Fund owns 5% or more of its outstanding voting securities, or a company which is under common ownership or control with the Fund. Holdings and transactions in these affiliated companies during the period ended December 31, 2012, are as follows:

 

Issuer

 

Beginning
 Cost ($)

 

Purchase
Cost ($)

 

Proceeds from
Sales ($)

 

Realized
Gain/
Loss ($)

 

Ending Cost
($)

 

Dividends or
Interest
Income ($)

 

Value ($)

 

Columbia Short-Term Cash Fund

 

20,000

 

292,546,838

 

(272,587,595

)

 

19,979,243

 

35,069

 

19,979,243

 

 

(d)

At December 31, 2012, the cost of securities for federal income tax purposes was approximately $982,760,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was:

 

Unrealized Appreciation

 

$

68,161,000

 

Unrealized Depreciation

 

(34,392,000

)

Net Unrealized Appreciation

 

$

33,769,000

 

 

(e)

Investments are valued using policies described in the notes to financial statements in the most recent shareholder report.

 

Abbreviation Legend

 

ADR

American Depositary Receipt

 

Fair Value Measurements

 

 

Generally accepted accounting principles (GAAP) require 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.

 

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 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 (including NAV for open-end mutual funds).  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 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 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.

 

Under the direction of the Fund’s Board of Trustees (the Board), the Investment Manager’s Valuation Committee (the Committee) is responsible for carrying out the 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 control policies and procedures (the Policies).  The Policies address, among other things, instances when market quotations are 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.  The Committee reports to the Board, with members of the Committee meeting with the Board at each of its regularly scheduled meetings to discuss valuation matters and actions during the period, similar to those described earlier.

 

For investments categorized as Level 3, the Committee monitors information similar to that described above, which may include: (i) data specific to the issuer or comparable issuers, (ii) general market or specific sector news and (iii) quoted prices and specific or similar security transactions.  The Committee considers this data and any changes from prior periods in order to assess the reasonableness of observable and unobservable inputs, any assumptions or internal models used to value those securities and changes in fair value.  This data is also used to corroborate, when available, information received from approved pricing vendors and brokers.  Various factors impact the frequency of monitoring this information (which may occur as often as daily). However, the Committee may determine that changes to inputs, assumptions and models are not required as a result of the monitoring procedures performed.

 

The following table is a summary of the inputs used to value the Fund’s investments at December 31, 2012:

 


 

 

Description

 

Level 1

 

Level 2

 

Level 3

 

 

 

 

 

Quoted Prices in

 

Other Significant

 

Significant

 

 

 

 

 

Active Markets for

 

Observable

 

Unobservable

 

 

 

 

 

Identical Assets ($)

 

Inputs ($)

 

Inputs ($)

 

Total ($)

 

Equity Securities

 

 

 

 

 

 

 

 

 

Common Stocks

 

 

 

 

 

 

 

 

 

Consumer Discretionary

 

228,999,566

 

 

 

228,999,566

 

Consumer Staples

 

29,617,950

 

 

 

29,617,950

 

Energy

 

71,928,441

 

 

 

71,928,441

 

Financials

 

28,000,932

 

 

 

28,000,932

 

Health Care

 

229,934,902

 

 

 

229,934,902

 

Industrials

 

52,940,546

 

 

 

52,940,546

 

Information Technology

 

338,459,405

 

 

 

338,459,405

 

Materials

 

16,668,244

 

 

 

16,668,244

 

Total Equity Securities

 

996,549,986

 

 

 

996,549,986

 

Other

 

 

 

 

 

 

 

 

 

Money Market Funds

 

19,979,243

 

 

 

19,979,243

 

Total Other

 

19,979,243

 

 

 

19,979,243

 

Total

 

1,016,529,229

 

 

 

1,016,529,229

 

 

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

 

There were no transfers of financial assets between Levels 1 and 2 during the period.


 

Item  2 . Controls and Procedures.

 

(a)          The registrant’s principal executive officer and principal financial officers, 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 adequately designed to ensure that information required to be disclosed by the registrant in Form N-Q 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)          During November 2012, the registrant enhanced internal controls over financial reporting relating to the recording of certain last day trades.  These controls include (i) additional analysis of last day security purchase prices, (ii) comparisons of cost and market value for last day trades and (iii) analytical review of per share changes resulting from financial statement adjustments.

 

Item 3. Exhibits.

 

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.

 



 

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.

 

(registrant)

 

Columbia Funds Series Trust I

 

 

 

 

 

 

 

By (Signature and Title)

 

/s/ J. Kevin Connaughton

 

 

J. Kevin Connaughton, President and Principal Executive Officer

 

 

 

Date

 

February 19, 2013

 

 

 

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 (Signature and Title)

 

/s/ J. Kevin Connaughton

 

 

J. Kevin Connaughton, President and Principal Executive Officer

 

 

 

Date

 

February 19, 2013

 

 

 

 

By (Signature and Title)

 

/s/ Michael G. Clarke

 

 

Michael G. Clarke, Treasurer and Chief Financial Officer

 

 

 

 

Date

 

February 19, 2013

 

 


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