In the final quarter of 2025, the Columbia Seligman Global Technology Fund's Institutional Class shares demonstrated exceptional performance, outpacing its benchmark. The fund achieved a notable return of 4.96%, significantly exceeding the 1.37% return of the MSCI World Information Technology Index. This robust outcome was primarily attributed to strategic stock selections within critical technology segments, including semiconductors & semiconductor equipment, technology hardware, storage & peripherals, and electronic equipment, instruments & components, all of which positively influenced the fund's standing relative to the benchmark.

The positive trajectory observed in the fourth quarter was largely a reflection of a more resilient-than-anticipated economic landscape, strong corporate financial results, and an inflation rate that consistently remained below an annualized 3%. A key contributor to this success was the fund's holding in Lam Research, a leading semiconductor equipment manufacturer, whose shares performed remarkably well during the quarter. Looking ahead, the prospect of an accommodating Federal Reserve policy, potentially involving further interest rate reductions, is poised to stimulate capital expenditure and technology investments, particularly in high-growth areas such as artificial intelligence and semiconductors.

The Columbia Seligman Global Technology Fund's impressive performance in the fourth quarter of 2025 highlights the importance of strategic foresight and meticulous asset allocation in navigating dynamic market conditions. By identifying and investing in foundational technology sectors and companies with strong growth potential, the fund not only delivered superior returns but also demonstrated adaptability in a fluctuating economic environment. This success story underscores the power of informed investment decisions in fostering financial growth and stability. As technological advancements continue to redefine industries, embracing innovation and sound financial strategies remains paramount for achieving sustained prosperity.