Columbia Select Technology ETF

Columbia Select Technology ETF (SEMI) is an actively managed fund from Ameriprise Financial. Its managers pick 30 to 50 technology and technology-related stocks instead of tracking an index. It is concentrated: as of July 31, 2026, its 10 largest holdings, led by NVIDIA, made up about 67% of assets. Its 0.75% expense ratio is the highest among the funds it was compared with. The eight similar funds average 0.27%.

• Over the year to Oct 27, 2026, SEMI returned +20.1%, 1st of 9 among similar funds.
• Its worst full calendar year was 2024 (+15.9%); its best was 2023 (+45.4%).
• The deepest fall in its price history was 32.9% (Jul 10, 2024 to Apr 8, 2025), recovered by Jul 30, 2025.

As of Jul 31, 2026, the fund held 35 securities; the ten largest made up 66.66% of assets.

By sector

• Over the three months to Jul 31, 2026, investors withdrew a net $7.2M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +12.89%, +3.76%, -9.45%.

SEMI does not follow an index. It aims for capital appreciation, which means growth in the value of its shares. Under normal conditions, at least 80% of its net assets go into stocks and similar securities of technology and technology-related companies. That includes the information technology, communication services and consumer discretionary sectors. It also includes companies in other areas, such as financials, healthcare or aerospace, that the managers judge use technology heavily or aim to grow through it. The fund can own companies of any size. It can reach foreign companies through depositary receipts, which are bank-issued certificates that represent shares of a foreign company.

The portfolio managers research individual companies in depth to find those they see as having strong growth prospects. The fund usually holds 30 to 50 stocks, and it held 35 as of July 31, 2026. It is non-diversified, which means it can put more of its money into fewer companies than a diversified fund can. The prospectus gives no fixed weighting formula or rebalancing schedule. The managers decide how much each stock gets. As of July 31, 2026, NVIDIA was 14.2% of assets, Broadcom 8.5% and Apple 8.1%.

The managers may trade often. Portfolio turnover, the share of holdings replaced in a year, was 65%. Frequent trading can add costs and create taxable distributions. As of July 31, 2026, the fund held no derivatives, about 98% of assets were in stocks, and 88% was in US companies.

• SEMI charges 0.75% a year, versus an average of 0.27% for the similar funds below (9th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $930 over 10 years (assuming a 5% annual return).

It is a concentrated, actively managed, high-cost technology fund that swings much more than the broad market, so it fits as a small add-on rather than a foundation.

SEMI could add focused exposure to large technology and chip companies alongside a broad core holding. It has not been through a full bear market. It launched on March 29, 2022, after the 2022 decline had begun, so it missed 2008 and 2020. Every full calendar year has been positive, and 2024 was the weakest at 16.05%. Still, the fund fell 32.9% from July 10, 2024 to April 8, 2025, including a 14.2% loss in the first quarter of 2025. It took about 3.7 months after the low to recover, by July 30, 2025. Anyone forced to sell during that drop would have locked in losses. The trailing yield was 3.63% as of October 27, 2026. It comes from a single annual payment, so the income is uneven. In the SEC's standard $10,000 example, costs are $77 over one year and $930 over 10 years. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.