Columbia Ultra Short Term Bond Fund
Data updated: 2026-09-28
C000206531 — Columbia Ultra Short Term Bond Fund. Leveraged · $1.90B AUM · 0.31% expense ratio. Holdings, fees, performance and SEC filings.
C000206531 Fund Overview
Columbia Ultra Short Term Bond Fund is a US mutual fund managed by Columbia Funds Series Trust I, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Columbia Funds Series Trust I
- Category: Leveraged
- Assets under management: $1.90B
- 1-year return: 6.1%
- SEC CIK: 0000773757
- SEC series ID: S000027194
- Share class ID: C000206531
C000206531 Investment Objective and Strategy
Columbia Ultra Short Term Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Columbia Funds Series Trust I.
Investment objective
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.
Principal investment 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 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 liquidity determinations and 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.
C000206531 Holdings
Top 10 holdings of Columbia Ultra Short Term Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Affirm Inc | 1.88% |
| Hyundai Auto Lease Securitization Trust | 1.84% |
| Nissan Master Owner Trust Receivables | 1.65% |
| Ford Credit Auto Owner Trust/Ford Credit | 1.63% |
| General Motors | 1.50% |
| CarMax Auto Owner Trust | 1.44% |
| Columbia Short Term Cash Fund | 1.20% |
| Toorak Mortgage Corp. | 1.14% |
| Banc of America Commercial Mortgage Trust | 1.14% |
| Sofi Consumer Loan Program Trust | 1.13% |
C000206531 Portfolio Allocation
Asset-class allocation of Columbia Ultra Short Term Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 50.4% |
| Fixed Income | 47.9% |
| Cash & Equivalents | 2.2% |
| Real Estate | 0.1% |
C000206531 Performance
Total returns for C000206531 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 6.1% |
| 3 years (annualised) | 4.1% |
| 5 years (annualised) | 2.9% |
C000206531 Risk Information
Risk metrics for C000206531, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.4%
C000206531 Costs and Fees
C000206531 costs about $31 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.31%
- Gross expense ratio: 0.31%
- Portfolio turnover: 81%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000206531 Cashflows
Over the 12 months to 2026-07, Columbia Ultra Short Term Bond Fund had net inflows of $677.54M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $55.88M |
| 2026-06 | $46.16M |
| 2026-05 | $118.84M |
| 2026-04 | $26.46M |
| 2026-03 | $32.06M |
| 2026-02 | $98.65M |
C000206531 Debt Constituents
Largest debt holdings of Columbia Ultra Short Term Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Morgan Stanley | 1.01% |
| Citigroup, Inc. | 0.99% |
| JPMorgan Chase & Co. | 0.97% |
| Bank Of America Corp. | 0.95% |
| Goldman Sachs Group, Inc. | 0.94% |
| Wells Fargo & Company | 0.81% |
| Hsbc Holdings PLC | 0.71% |
| US Bank Na Cincinnati | 0.58% |
| Royal Bank Of Canada | 0.55% |
| Pnc Financial Services | 0.53% |
C000206531 Prospectus and SEC Filings
Official Columbia Ultra Short Term Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-11-24
- Prospectus (485BPOS) — filed 2024-11-25
- Prospectus (485BPOS) — filed 2023-11-21
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2025-10-10
- Annual census (N-CEN) — filed 2024-10-11
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.