Summary

• Columbia Global Technology Growth Fund Institutional Class shares returned –6.05% for the three months ended March 31, 2026, outperforming its benchmark.
• Lam Research was the standout performer among the equipment makers, driven by insatiable demand for the company's etching and deposition tools used in production for AI servers.
• Western Digital advanced about 50% as the company cemented its position as a primary beneficiary of the AI data-storage buildout following the completion of its spin-off of SanDisk in late 2025.
• NVIDIA's announcement of a $2 billion strategic investment and multi-billion-dollar purchase commitments for Lumentum's advanced laser components validated the company's mission-critical role in the AI infrastructure stack.
• ServiceNow shares declined over 30% during the quarter, as the company became a high-profile victim of the broader repricing of SaaS business models amid growing adoption of AI-native solutions.

Fund performance

▪ Columbia Global Technology Growth Fund Institutional Class shares returned –6.05% for the three months ended March 31, 2026.

▪ The fund outperformed its benchmark, the S&P Global 1200 Information Technology Index, which returned –6.57% during the first

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