Columbia Select Corporate Income Fund delivered modest Q4 returns amid economic headwinds.

Columbia Select Corporate Income Fund delivered modest Q4 returns amid economic headwinds. The fund's Institutional Class shares gained 0.71% for the quarter ending December 31, 2025, navigating challenges posed by the longest government shutdown in U.S. history that disrupted economic data collection. The Federal Reserve cut rates by 25 basis points to 3.50-3.75% in December despite facing competing inflation and employment pressures. Corporate bond markets remained active, with 2025 total issuance reaching $1.82 trillion, nearly 4% above 2024 levels. Fund managers believe their research-driven, bottom-up security selection approach will outperform in more selective market environments ahead.