$SMALLCAP3

The Columbia Select Small Cap Value Fund's Q4 2025 commentary reflects a positive outlook on small-cap equities, driven by a recovering economy and strong earnings reports. The fund's management indicates that specific sectors, such as industrials and consumer discretionary, are showing promising growth. Additionally, the commentary highlights the fund's strategic repositioning to capitalize on undervalued stocks. Overall, the sentiment towards small-cap stocks remains bullish amid favorable market conditions. Investors are encouraged to focus on sectors poised for recovery as the economy continues to improve.