As filed with the Securities and Exchange Commission on May 30, 2017.
Registration Nos. 333-131683
811-21852
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
☒ | |
Pre-Effective Amendment No. | ☐ | |
Post-Effective Amendment No. 162 | ☒ |
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
☒ | |
Amendment No. 174 | ☒ |
(Check Appropriate Box or Boxes)
COLUMBIA FUNDS SERIES TRUST II
(Exact Name of Registrant as Specified in Charter)
225 Franklin Street, Boston, Massachusetts 02110
(Address of Principal Executive Officers) (Zip Code)
Registrants Telephone Number, Including Area Code: (800) 345-6611
Christopher O. Petersen, Esq.
c/o Columbia Management Investment Advisers, LLC
225 Franklin Street
Boston, Massachusetts 02110
(Name and Address of Agent for Service)
Approximate Date of Proposed Public Offering:
It is proposed that this filing will become effective (check appropriate box)
☐ | Immediately upon filing pursuant to paragraph (b) |
☒ | On June 1, 2017 pursuant to paragraph (b) |
☐ | 60 days after filing pursuant to paragraph (a)(1) |
☐ | On (date) pursuant to paragraph (a)(1) |
☐ | 75 days after filing pursuant to paragraph (a)(2) |
☐ | On (date) pursuant to paragraph (a)(2) of rule 485. |
If appropriate, check the following box:
☐ | This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
This Post-Effective Amendment relates solely to the Registrants Columbia Capital Allocation Aggressive Portfolio, Columbia Capital Allocation Conservative Portfolio, Columbia Capital Allocation Moderate Portfolio and Columbia Income Builder Fund series. Information contained in the Registrants Registration Statement relating to any other series of the Registrant is neither amended nor superseded hereby.
CLASS A | CLASS B | CLASS C | CLASS K | CLASS R | CLASS R4 | CLASS R5 | CLASS Y | CLASS Z | ||||||||
ABDAX | ABBDX | RPCCX | CPVRX | CBVRX | CPCYX | CPAOX | CPDHX | CBVZX |
CLASS A | CLASS B | CLASS C | CLASS K | CLASS R | CLASS R4 | CLASS R5 | CLASS Y | CLASS Z | ||||||||
NLGAX | NLIBX | NIICX | CCAKX | CLIRX | CHWRX | CLRRX | CPDGX | NIPAX |
CLASS A | CLASS B | CLASS C | CLASS K | CLASS R | CLASS R4 | CLASS R5 | CLASS Y | CLASS Z | ||||||||
ABUAX | AURBX | AMTCX | CBRRX | CBMRX | CPCZX | CPAMX | CPDMX | CBMZX |
CLASS A | CLASS B | CLASS C | CLASS K | CLASS R | CLASS R4 | CLASS R5 | CLASS V* | CLASS Y | CLASS Z | |||||||||
NBIAX | NLBBX | NBICX | CAMKX | CLBRX | CGBRX | CLHRX | CGGTX | CPHNX | NBGPX |
CLASS A | CLASS B | CLASS C | CLASS K | CLASS R | CLASS R4 | CLASS R5 | CLASS Y | CLASS Z | ||||||||
AXBAX | AXPBX | RBGCX | CAGRX | CPARX | CPDAX | CPANX | CPDIX | CPAZX |
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3 |
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13 |
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23 |
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33 |
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43 |
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53 |
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53 |
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53 |
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56 |
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62 |
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67 |
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70 |
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70 |
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72 |
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72 |
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72 |
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80 |
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86 |
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91 |
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94 |
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101 |
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109 |
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114 |
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114 |
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115 |
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119 |
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A-1 |
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B-1 |
2 | Prospectus 2017 |
Shareholder Fees (fees paid directly from your investment) | ||||
Class A | Class B | Class C |
Classes
K,
R, R4, R5, Y and Z |
|
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 4.75% | None | None | None |
Maximum deferred sales charge (load) imposed on redemptions (as a % of the lower of the original purchase price or current net asset value) | 1.00% (a) | None (b) | 1.00% (c) | None |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | The Fund does not accept new investments in Class B shares, except for certain limited transactions. Class B shares were originally subject to a contingent deferred sales charge (CDSC). However, the Fund’s current Class B investors have all held their shares for the requisite time period and are no longer subject to a CDSC upon redemption of their shares. |
(c) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(d) | Other expenses have been restated to reflect current transfer agency fees paid by the Fund. |
(e) | “Total annual Fund operating expenses” include acquired fund fees and expenses (expenses the Fund incurs indirectly through its investments in other investment companies) and may be higher than “Total Net Expenses” shown in the Financial Highlights section of this prospectus because “Total Net Expenses” do not include acquired fund fees and expenses. |
■ | you invest $10,000 in the applicable class of Fund shares for the periods indicated, |
■ | your investment has a 5% return each year, and |
Prospectus 2017 | 3 |
■ | the Fund’s total annual operating expenses remain the same as shown in the Annual Fund Operating Expenses table above. |
1 year | 3 years | 5 years | 10 years | |
Class A (whether or not shares are redeemed) | $576 | $790 | $1,022 | $1,686 |
Class B (whether or not shares are redeemed) | $182 | $563 | $ 970 | $1,908 |
Class C (assuming redemption of all shares at the end of the period) | $282 | $563 | $ 970 | $2,105 |
Class C (assuming no redemption of shares) | $182 | $563 | $ 970 | $2,105 |
Class K (whether or not shares are redeemed) | $103 | $322 | $ 558 | $1,236 |
Class R (whether or not shares are redeemed) | $131 | $409 | $ 708 | $1,556 |
Class R4 (whether or not shares are redeemed) | $ 81 | $252 | $ 439 | $ 978 |
Class R5 (whether or not shares are redeemed) | $ 78 | $243 | $ 422 | $ 942 |
Class Y (whether or not shares are redeemed) | $ 72 | $224 | $ 390 | $ 871 |
Class Z (whether or not shares are redeemed) | $ 81 | $252 | $ 439 | $ 978 |
4 | Prospectus 2017 |
Asset Class Exposures | ||||
Equity | Fixed Income |
Cash/Cash
Equivalents |
Alternatives | |
Conservative Portfolio | 0–40%* | 50–90%* | 0–40%* | 0–40%* |
* | As a percent of Fund net assets. Ranges include the net notional amounts of a Fund’s direct investments in derivative instruments. Market appreciation or depreciation may cause a Fund to be temporarily outside the ranges identified in the table. The Investment Manager may modify the target allocation ranges only with the approval of a Fund’s Board of Trustees (the Board). |
Prospectus 2017 | 5 |
6 | Prospectus 2017 |
Prospectus 2017 | 7 |
8 | Prospectus 2017 |
Prospectus 2017 | 9 |
Year
by Year Total Return (%)
as of December 31 Each Year* |
Best
and Worst Quarterly Returns
During the Period Shown in the Bar Chart |
||
|
Best | 3rd Quarter 2009 | 7.55% |
Worst
|
4th Quarter 2008 | -5.93% |
* | Year to Date return as of March 31, 2017: 2.30% |
10 | Prospectus 2017 |
Share
Class
Inception Date |
1 Year | 5 Years | 10 Years | |
Class A | 03/04/2004 | |||
returns before taxes | -0.51% | 3.17% | 3.50% | |
returns after taxes on distributions | -1.32% | 1.70% | 2.15% | |
returns after taxes on distributions and sale of Fund shares | -0.06% | 2.09% | 2.37% | |
Class B returns before taxes | 03/04/2004 | 3.71% | 3.41% | 3.22% |
Class C returns before taxes | 03/04/2004 | 2.61% | 3.39% | 3.22% |
Class K returns before taxes | 03/04/2004 | 4.48% | 4.29% | 4.14% |
Class R returns before taxes | 09/27/2010 | 4.22% | 3.92% | 3.77% |
Class R4 returns before taxes | 06/13/2013 | 4.76% | 4.34% | 4.09% |
Class R5 returns before taxes | 06/13/2013 | 4.84% | 4.40% | 4.12% |
Class Y returns before taxes | 06/13/2013 | 4.78% | 4.44% | 4.14% |
Class Z returns before taxes | 09/27/2010 | 4.74% | 4.43% | 4.17% |
Blended Benchmark (consisting of 66% Bloomberg Barclays U.S. Aggregate Bond Index, 15% Russell 3000 Index, 10% Citi Three-Month U.S. Treasury Bill Index, 5% MSCI EAFE Index (Net) and 4% Bloomberg Barclays U.S. Corporate High-Yield Index) (reflects reinvested dividends net of withholding taxes on the MSCI EAFE Index portion of the Blended Benchmark, and for all indexes reflects no deductions for fees, expenses or other taxes) | 4.47% | 4.34% | 4.58% | |
Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes) | 2.65% | 2.23% | 4.34% | |
Russell 3000 Index (reflects no deductions for fees, expenses or taxes) | 12.74% | 14.67% | 7.07% |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | |||
Jeffrey Knight, CFA | Senior Portfolio Manager, Managing Director, Global Head of Investment Solutions and Co-Head of Global Asset Allocation | Co-manager | 2013 | |||
Anwiti Bahuguna, Ph.D. | Senior Portfolio Manager | Co-manager | 2010 | |||
Joshua Kutin, CFA | Senior Portfolio Manager | Co-manager | January 2017 | |||
Dan Boncarosky, CFA | Portfolio Manager | Co-manager | January 2017 |
Online | Regular Mail | Express Mail | By Telephone | |||
investor.columbiathreadneedle.com/us |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. P.O. Box 8081 Boston, MA 02266-8081 |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. 30 Dan Road, Suite 8081 Canton, MA 02021-2809 |
800.422.3737 |
Prospectus 2017 | 11 |
Class | Category of eligible account |
For
accounts other than
systematic investment plan accounts |
For
systematic investment
plan accounts |
Classes A, B (a) & C | All accounts other than IRAs | $2,000 | $100 |
IRAs | $1,000 | $100 | |
Classes K (b) , R & R5 | All eligible accounts | None | N/A |
Classes R4 & Z | All eligible accounts |
$0,
$1,000 or $2,000
depending upon the category of eligible investor |
$100 |
Class Y | All eligible accounts |
$0,
$1,000, $2,000 or
$1 million depending upon the category of eligible investor |
$100
(for certain
eligible investors) |
(a) | Class B shares are generally closed to new and existing shareholders. |
(b) | Class K shares are generally closed to new investors. |
12 | Prospectus 2017 |
Shareholder Fees (fees paid directly from your investment) | ||||
Class A | Class B | Class C |
Classes
K,
R, R4, R5, Y and Z |
|
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.75% | None | None | None |
Maximum deferred sales charge (load) imposed on redemptions (as a % of the lower of the original purchase price or current net asset value) | 1.00% (a) | None (b) | 1.00% (c) | None |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | The Fund does not accept new investments in Class B shares, except for certain limited transactions. Class B shares were originally subject to a contingent deferred sales charge (CDSC). However, the Fund’s current Class B investors have all held their shares for the requisite time period and are no longer subject to a CDSC upon redemption of their shares. |
(c) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(d) | Other expenses have been restated to reflect current transfer agency fees paid by the Fund. |
(e) | “Total annual Fund operating expenses” include acquired fund fees and expenses (expenses the Fund incurs indirectly through its investments in other investment companies) and may be higher than “Total Net Expenses” shown in the Financial Highlights section of this prospectus because “Total Net Expenses” do not include acquired fund fees and expenses. |
■ | you invest $10,000 in the applicable class of Fund shares for the periods indicated, |
Prospectus 2017 | 13 |
■ | your investment has a 5% return each year, and |
■ | the Fund’s total annual operating expenses remain the same as shown in the Annual Fund Operating Expenses table above. |
1 year | 3 years | 5 years | 10 years | |
Class A (whether or not shares are redeemed) | $675 | $887 | $1,116 | $1,773 |
Class B (whether or not shares are redeemed) | $182 | $563 | $ 970 | $1,908 |
Class C (assuming redemption of all shares at the end of the period) | $282 | $563 | $ 970 | $2,105 |
Class C (assuming no redemption of shares) | $182 | $563 | $ 970 | $2,105 |
Class K (whether or not shares are redeemed) | $103 | $322 | $ 558 | $1,236 |
Class R (whether or not shares are redeemed) | $131 | $409 | $ 708 | $1,556 |
Class R4 (whether or not shares are redeemed) | $ 81 | $252 | $ 439 | $ 978 |
Class R5 (whether or not shares are redeemed) | $ 78 | $243 | $ 422 | $ 942 |
Class Y (whether or not shares are redeemed) | $ 74 | $230 | $ 401 | $ 894 |
Class Z (whether or not shares are redeemed) | $ 81 | $252 | $ 439 | $ 978 |
14 | Prospectus 2017 |
Asset Class Exposures | ||||
Equity | Fixed Income |
Cash/Cash
Equivalents |
Alternatives | |
Moderate Conservative Portfolio | 0–55%* | 40–85%* | 0–40%* | 0–40%* |
* | As a percent of Fund net assets. Ranges include the net notional amounts of a Fund’s direct investments in derivative instruments. Market appreciation or depreciation may cause a Fund to be temporarily outside the ranges identified in the table. The Investment Manager may modify the target allocation ranges only with the approval of a Fund’s Board of Trustees (the Board). |
Prospectus 2017 | 15 |
16 | Prospectus 2017 |
Prospectus 2017 | 17 |
18 | Prospectus 2017 |
Prospectus 2017 | 19 |
Year
by Year Total Return (%)
as of December 31 Each Year* |
Best
and Worst Quarterly Returns
During the Period Shown in the Bar Chart |
||
|
Best | 2nd Quarter 2009 | 11.32% |
Worst
|
4th Quarter 2008 | -9.87% |
* | Year to Date return as of March 31, 2017: 3.03% |
20 | Prospectus 2017 |
Share
Class
Inception Date |
1 Year | 5 Years | 10 Years | |
Class A | 10/15/1996 | |||
returns before taxes | -1.04% | 4.42% | 4.24% | |
returns after taxes on distributions | -2.06% | 2.75% | 2.77% | |
returns after taxes on distributions and sale of Fund shares | -0.14% | 3.10% | 2.96% | |
Class B returns before taxes | 08/07/1997 | 4.11% | 4.86% | 4.08% |
Class C returns before taxes | 10/15/1996 | 3.14% | 4.88% | 4.09% |
Class K returns before taxes | 02/28/2013 | 5.03% | 5.73% | 4.90% |
Class R returns before taxes | 01/23/2006 | 4.60% | 5.39% | 4.60% |
Class R4 returns before taxes | 11/08/2012 | 5.17% | 5.87% | 4.96% |
Class R5 returns before taxes | 11/08/2012 | 5.34% | 5.95% | 5.00% |
Class Y returns before taxes | 06/13/2013 | 5.35% | 5.97% | 5.01% |
Class Z returns before taxes | 10/15/1996 | 5.20% | 5.93% | 5.12% |
Blended Benchmark (consisting of 55.5% Bloomberg Barclays U.S. Aggregate Bond Index, 26% Russell 3000 Index, 9% MSCI EAFE Index (Net), 5% Citi Three-Month U.S. Treasury Bill Index and 4.5% Bloomberg Barclays U.S. Corporate High-Yield Index) (reflects reinvested dividends net of withholding taxes on the MSCI EAFE Index portion of the Blended Benchmark, and for all indexes reflects no deductions for fees, expenses or other taxes) | 5.73% | 6.03% | 5.02% | |
Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes) | 2.65% | 2.23% | 4.34% | |
Russell 3000 Index (reflects no deductions for fees, expenses or taxes) | 12.74% | 14.67% | 7.07% |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | |||
Jeffrey Knight, CFA | Senior Portfolio Manager, Managing Director, Global Head of Investment Solutions and Co-Head of Global Asset Allocation | Co-manager | 2013 | |||
Anwiti Bahuguna, Ph.D. | Senior Portfolio Manager | Co-manager | 2009 | |||
Joshua Kutin, CFA | Senior Portfolio Manager | Co-manager | January 2017 | |||
Dan Boncarosky, CFA | Portfolio Manager | Co-manager | January 2017 |
Online | Regular Mail | Express Mail | By Telephone | |||
investor.columbiathreadneedle.com/us |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. P.O. Box 8081 Boston, MA 02266-8081 |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. 30 Dan Road, Suite 8081 Canton, MA 02021-2809 |
800.422.3737 |
Prospectus 2017 | 21 |
Class | Category of eligible account |
For
accounts other than
systematic investment plan accounts |
For
systematic investment
plan accounts |
Classes A, B (a) & C | All accounts other than IRAs | $2,000 | $100 |
IRAs | $1,000 | $100 | |
Classes K (b) , R & R5 | All eligible accounts | None | N/A |
Classes R4 & Z | All eligible accounts |
$0,
$1,000 or $2,000
depending upon the category of eligible investor |
$100 |
Class Y | All eligible accounts |
$0,
$1,000, $2,000 or
$1 million depending upon the category of eligible investor |
$100
(for certain
eligible investors) |
(a) | Class B shares are generally closed to new and existing shareholders. |
(b) | Class K shares are generally closed to new investors. |
22 | Prospectus 2017 |
Shareholder Fees (fees paid directly from your investment) | ||||
Class A | Class B | Class C |
Classes
K,
R, R4, R5, Y and Z |
|
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.75% | None | None | None |
Maximum deferred sales charge (load) imposed on redemptions (as a % of the lower of the original purchase price or current net asset value) | 1.00% (a) | None (b) | 1.00% (c) | None |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | The Fund does not accept new investments in Class B shares, except for certain limited transactions. Class B shares were originally subject to a contingent deferred sales charge (CDSC). However, the Fund’s current Class B investors have all held their shares for the requisite time period and are no longer subject to a CDSC upon redemption of their shares. |
(c) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(d) | Other expenses have been restated to reflect current transfer agency fees paid by the Fund. |
(e) | “Total annual Fund operating expenses” include acquired fund fees and expenses (expenses the Fund incurs indirectly through its investments in other investment companies) and may be higher than “Total Net Expenses” shown in the Financial Highlights section of this prospectus because “Total Net Expenses” do not include acquired fund fees and expenses. |
■ | you invest $10,000 in the applicable class of Fund shares for the periods indicated, |
■ | your investment has a 5% return each year, and |
Prospectus 2017 | 23 |
■ | the Fund’s total annual operating expenses remain the same as shown in the Annual Fund Operating Expenses table above. |
1 year | 3 years | 5 years | 10 years | |
Class A (whether or not shares are redeemed) | $679 | $899 | $1,136 | $1,816 |
Class B (whether or not shares are redeemed) | $186 | $576 | $ 990 | $1,951 |
Class C (assuming redemption of all shares at the end of the period) | $286 | $576 | $ 990 | $2,148 |
Class C (assuming no redemption of shares) | $186 | $576 | $ 990 | $2,148 |
Class K (whether or not shares are redeemed) | $106 | $331 | $ 574 | $1,271 |
Class R (whether or not shares are redeemed) | $135 | $421 | $ 729 | $1,601 |
Class R4 (whether or not shares are redeemed) | $ 85 | $265 | $ 460 | $1,025 |
Class R5 (whether or not shares are redeemed) | $ 81 | $252 | $ 439 | $ 978 |
Class Y (whether or not shares are redeemed) | $ 76 | $237 | $ 411 | $ 918 |
Class Z (whether or not shares are redeemed) | $ 85 | $265 | $ 460 | $1,025 |
24 | Prospectus 2017 |
Asset Class Exposures | ||||
Equity | Fixed Income |
Cash/Cash
Equivalents |
Alternatives | |
Moderate Portfolio | 10–70%* | 30–75%* | 0–40%* | 0–40%* |
* | As a percent of Fund net assets. Ranges include the net notional amounts of a Fund’s direct investments in derivative instruments. Market appreciation or depreciation may cause a Fund to be temporarily outside the ranges identified in the table. The Investment Manager may modify the target allocation ranges only with the approval of a Fund’s Board of Trustees (the Board). |
Prospectus 2017 | 25 |
26 | Prospectus 2017 |
Prospectus 2017 | 27 |
28 | Prospectus 2017 |
Prospectus 2017 | 29 |
Year
by Year Total Return (%)
as of December 31 Each Year* |
Best
and Worst Quarterly Returns
During the Period Shown in the Bar Chart |
||
|
Best | 2nd Quarter 2009 | 12.51% |
Worst
|
4th Quarter 2008 | -12.52% |
* | Year to Date return as of March 31, 2017: 4.15% |
30 | Prospectus 2017 |
Share
Class
Inception Date |
1 Year | 5 Years | 10 Years | |
Class A | 03/04/2004 | |||
returns before taxes | -0.18% | 6.05% | 4.40% | |
returns after taxes on distributions | -1.47% | 4.26% | 2.92% | |
returns after taxes on distributions and sale of Fund shares | 0.49% | 4.38% | 3.10% | |
Class B returns before taxes | 03/04/2004 | 5.12% | 6.51% | 4.24% |
Class C returns before taxes | 03/04/2004 | 4.14% | 6.49% | 4.24% |
Class K returns before taxes | 03/04/2004 | 5.95% | 7.39% | 5.17% |
Class R returns before taxes | 09/27/2010 | 5.64% | 7.02% | 4.76% |
Class R4 returns before taxes | 06/13/2013 | 6.22% | 7.50% | 5.12% |
Class R5 returns before taxes | 06/13/2013 | 6.17% | 7.56% | 5.15% |
Class Y returns before taxes | 06/13/2013 | 6.23% | 7.61% | 5.17% |
Class Z returns before taxes | 09/27/2010 | 6.16% | 7.55% | 5.18% |
Blended Benchmark (consisting of 42.5% Bloomberg Barclays U.S. Aggregate Bond Index, 37% Russell 3000 Index, 11% MSCI EAFE Index (Net), 7.5% Bloomberg Barclays U.S. Corporate High-Yield Index and 2% MSCI Emerging Markets Index (Net)) (reflects reinvested dividends net of withholding taxes on the MSCI EAFE Index and the MSCI Emerging Markets Index portion of the Blended Benchmark, and for all indexes reflects no deductions for fees, expenses or other taxes) | 7.55% | 7.74% | 5.52% | |
Russell 3000 Index (reflects no deductions for fees, expenses or taxes) | 12.74% | 14.67% | 7.07% | |
Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes) | 2.65% | 2.23% | 4.34% |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | |||
Jeffrey Knight, CFA | Senior Portfolio Manager, Managing Director, Global Head of Investment Solutions and Co-Head of Global Asset Allocation | Co-manager | 2013 | |||
Anwiti Bahuguna, Ph.D. | Senior Portfolio Manager | Co-manager | 2010 | |||
Joshua Kutin, CFA | Senior Portfolio Manager | Co-manager | January 2017 | |||
Dan Boncarosky, CFA | Portfolio Manager | Co-manager | January 2017 |
Online | Regular Mail | Express Mail | By Telephone | |||
investor.columbiathreadneedle.com/us |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. P.O. Box 8081 Boston, MA 02266-8081 |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. 30 Dan Road, Suite 8081 Canton, MA 02021-2809 |
800.422.3737 |
Prospectus 2017 | 31 |
Class | Category of eligible account |
For
accounts other than
systematic investment plan accounts |
For
systematic investment
plan accounts |
Classes A, B (a) & C | All accounts other than IRAs | $2,000 | $100 |
IRAs | $1,000 | $100 | |
Classes K (b) , R & R5 | All eligible accounts | None | N/A |
Classes R4 & Z | All eligible accounts |
$0,
$1,000 or $2,000
depending upon the category of eligible investor |
$100 |
Class Y | All eligible accounts |
$0,
$1,000, $2,000 or
$1 million depending upon the category of eligible investor |
$100
(for certain
eligible investors) |
(a) | Class B shares are generally closed to new and existing shareholders. |
(b) | Class K shares are generally closed to new investors. |
32 | Prospectus 2017 |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | The Fund does not accept new investments in Class B shares, except for certain limited transactions. Class B shares were originally subject to a contingent deferred sales charge (CDSC). However, the Fund’s current Class B investors have all held their shares for the requisite time period and are no longer subject to a CDSC upon redemption of their shares. |
(c) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(d) | Other expenses have been restated to reflect current transfer agency fees paid by the Fund. |
(e) | “Total annual Fund operating expenses” include acquired fund fees and expenses (expenses the Fund incurs indirectly through its investments in other investment companies) and may be higher than “Total Net Expenses” shown in the Financial Highlights section of this prospectus because “Total Net Expenses” do not include acquired fund fees and expenses. |
(f) | “Total annual Fund operating expenses” are higher than “Total gross expenses” shown in the Financial Highlights section of this prospectus because “Total gross expenses” were reduced due to an extraordinary reimbursement of expenses overbilled by a third party. |
Prospectus 2017 | 33 |
■ | you invest $10,000 in the applicable class of Fund shares for the periods indicated, |
■ | your investment has a 5% return each year, and |
■ | the Fund’s total annual operating expenses remain the same as shown in the Annual Fund Operating Expenses table above. |
1 year | 3 years | 5 years | 10 years | |
Class A (whether or not shares are redeemed) | $686 | $922 | $1,177 | $1,903 |
Class B (whether or not shares are redeemed) | $194 | $600 | $1,032 | $2,038 |
Class C (assuming redemption of all shares at the end of the period) | $294 | $600 | $1,032 | $2,233 |
Class C (assuming no redemption of shares) | $194 | $600 | $1,032 | $2,233 |
Class K (whether or not shares are redeemed) | $112 | $350 | $ 606 | $1,340 |
Class R (whether or not shares are redeemed) | $144 | $446 | $ 771 | $1,691 |
Class R4 (whether or not shares are redeemed) | $ 93 | $290 | $ 504 | $1,120 |
Class R5 (whether or not shares are redeemed) | $ 87 | $271 | $ 471 | $1,049 |
Class V (whether or not shares are redeemed) | $686 | $922 | $1,177 | $1,903 |
Class Y (whether or not shares are redeemed) | $ 82 | $255 | $ 444 | $ 990 |
Class Z (whether or not shares are redeemed) | $ 93 | $290 | $ 504 | $1,120 |
34 | Prospectus 2017 |
Asset Class Exposures | ||||
Equity | Fixed Income |
Cash/Cash
Equivalents |
Alternatives | |
Moderate Aggressive Portfolio | 20–85%* | 15–60%* | 0–40%* | 0–40%* |
* | As a percent of Fund net assets. Ranges include the net notional amounts of a Fund’s direct investments in derivative instruments. Market appreciation or depreciation may cause a Fund to be temporarily outside the ranges identified in the table. The Investment Manager may modify the target allocation ranges only with the approval of a Fund’s Board of Trustees (the Board). |
Prospectus 2017 | 35 |
36 | Prospectus 2017 |
Prospectus 2017 | 37 |
38 | Prospectus 2017 |
Prospectus 2017 | 39 |
Year
by Year Total Return (%)
as of December 31 Each Year* |
Best
and Worst Quarterly Returns
During the Period Shown in the Bar Chart |
||
|
Best | 2nd Quarter 2009 | 16.41% |
Worst
|
4th Quarter 2008 | -14.57% |
* | Year to Date return as of March 31, 2017: 5.16% |
40 | Prospectus 2017 |
Share
Class
Inception Date |
1 Year | 5 Years | 10 Years | |
Class A | 10/15/1996 | |||
returns before taxes | 0.04% | 6.95% | 4.90% | |
returns after taxes on distributions | -1.25% | 5.29% | 3.53% | |
returns after taxes on distributions and sale of Fund shares | 0.86% | 5.25% | 3.67% | |
Class B returns before taxes | 08/13/1997 | 5.42% | 7.42% | 4.72% |
Class C returns before taxes | 10/15/1996 | 4.42% | 7.43% | 4.73% |
Class K returns before taxes | 02/28/2013 | 6.16% | 8.30% | 5.56% |
Class R returns before taxes | 01/23/2006 | 5.96% | 7.96% | 5.26% |
Class R4 returns before taxes | 11/08/2012 | 6.43% | 8.46% | 5.64% |
Class R5 returns before taxes | 11/08/2012 | 6.53% | 8.55% | 5.68% |
Class V returns before taxes | 03/07/2011 | 0.04% | 6.94% | 4.86% |
Class Y returns before taxes | 06/13/2013 | 6.63% | 8.54% | 5.68% |
Class Z returns before taxes | 10/15/1996 | 6.49% | 8.51% | 5.79% |
Blended Benchmark (consisting of 49% Russell 3000 Index, 28.5% Bloomberg Barclays U.S. Aggregate Bond Index, 12% MSCI EAFE Index (Net), 6.5% Bloomberg Barclays U.S. Corporate High-Yield Index and 4% MSCI Emerging Markets Index (Net)) (reflects reinvested dividends net of withholding taxes on the MSCI EAFE Index and the MSCI Emerging Markets Index portion of the Blended Benchmark, and for all indexes reflects no deductions for fees, expenses or other taxes) | 8.77% | 9.20% | 5.71% | |
Russell 3000 Index (reflects no deductions for fees, expenses or taxes) | 12.74% | 14.67% | 7.07% | |
Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes) | 2.65% | 2.23% | 4.34% |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | |||
Jeffrey Knight, CFA | Senior Portfolio Manager, Managing Director, Global Head of Investment Solutions and Co-Head of Global Asset Allocation | Co-manager | 2013 | |||
Anwiti Bahuguna, Ph.D. | Senior Portfolio Manager | Co-manager | 2009 | |||
Joshua Kutin, CFA | Senior Portfolio Manager | Co-manager | January 2017 | |||
Dan Boncarosky, CFA | Portfolio Manager | Co-manager | January 2017 |
Online | Regular Mail | Express Mail | By Telephone | |||
investor.columbiathreadneedle.com/us |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. P.O. Box 8081 Boston, MA 02266-8081 |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. 30 Dan Road, Suite 8081 Canton, MA 02021-2809 |
800.422.3737 |
Prospectus 2017 | 41 |
Class | Category of eligible account |
For
accounts other than
systematic investment plan accounts |
For
systematic investment
plan accounts |
Classes
A, B
(a)
, C
& V (b) |
All accounts other than IRAs | $2,000 | $100 |
IRAs | $1,000 | $100 | |
Classes K (b) , R & R5 | All eligible accounts | None | N/A |
Classes R4 & Z | All eligible accounts |
$0,
$1,000 or $2,000
depending upon the category of eligible investor |
$100 |
Class Y | All eligible accounts |
$0,
$1,000, $2,000
or $1 million depending upon the category of eligible investor |
$100 (for certaineligible investors) |
(a) | Class B shares are generally closed to new and existing shareholders. |
(b) | Class K and Class V shares are generally closed to new investors. |
42 | Prospectus 2017 |
Shareholder Fees (fees paid directly from your investment) | ||||
Class A | Class B | Class C |
Classes
K,
R, R4, R5, Y and Z |
|
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 5.75% | None | None | None |
Maximum deferred sales charge (load) imposed on redemptions (as a % of the lower of the original purchase price or current net asset value) | 1.00% (a) | None (b) | 1.00% (c) | None |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | The Fund does not accept new investments in Class B shares, except for certain limited transactions. Class B shares were originally subject to a contingent deferred sales charge (CDSC). However, the Fund’s current Class B investors have all held their shares for the requisite time period and are no longer subject to a CDSC upon redemption of their shares. |
(c) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(d) | Other expenses have been restated to reflect current transfer agency fees paid by the Fund. |
(e) | “Total annual Fund operating expenses” include acquired fund fees and expenses (expenses the Fund incurs indirectly through its investments in other investment companies) and may be higher than “Total Net Expenses” shown in the Financial Highlights section of this prospectus because “Total Net Expenses” do not include acquired fund fees and expenses. |
■ | you invest $10,000 in the applicable class of Fund shares for the periods indicated, |
■ | your investment has a 5% return each year, and |
Prospectus 2017 | 43 |
■ | the Fund’s total annual operating expenses remain the same as shown in the Annual Fund Operating Expenses table above. |
1 year | 3 years | 5 years | 10 years | |
Class A (whether or not shares are redeemed) | $692 | $940 | $1,207 | $1,967 |
Class B (whether or not shares are redeemed) | $200 | $618 | $1,062 | $2,102 |
Class C (assuming redemption of all shares at the end of the period) | $300 | $618 | $1,062 | $2,296 |
Class C (assuming no redemption of shares) | $200 | $618 | $1,062 | $2,296 |
Class K (whether or not shares are redeemed) | $119 | $372 | $ 644 | $1,420 |
Class R (whether or not shares are redeemed) | $150 | $465 | $ 803 | $1,757 |
Class R4 (whether or not shares are redeemed) | $ 99 | $309 | $ 536 | $1,190 |
Class R5 (whether or not shares are redeemed) | $ 94 | $293 | $ 509 | $1,131 |
Class Y (whether or not shares are redeemed) | $ 88 | $274 | $ 477 | $1,061 |
Class Z (whether or not shares are redeemed) | $ 99 | $309 | $ 536 | $1,190 |
44 | Prospectus 2017 |
Asset Class Exposures* | ||||
Equity | Fixed Income |
Cash/Cash
Equivalents |
Alternatives | |
Aggressive Portfolio | 25–100%* | 0–50%* | 0–40%* | 0–40%* |
* | As a percent of Fund net assets. Ranges include the net notional amounts of a Fund’s direct investments in derivative instruments. Market appreciation or depreciation may cause a Fund to be temporarily outside the ranges identified in the table. The Investment Manager may modify the target allocation ranges only with the approval of a Fund’s Board of Trustees (the Board). |
Prospectus 2017 | 45 |
46 | Prospectus 2017 |
Prospectus 2017 | 47 |
48 | Prospectus 2017 |
Prospectus 2017 | 49 |
Year
by Year Total Return (%)
as of December 31 Each Year* |
Best
and Worst Quarterly Returns
During the Period Shown in the Bar Chart |
||
|
Best | 3rd Quarter 2009 | 16.33% |
Worst
|
4th Quarter 2008 | -19.00% |
* | Year to Date return as of March 31, 2017: 6.09% |
50 | Prospectus 2017 |
Share
Class
Inception Date |
1 Year | 5 Years | 10 Years | |
Class A | 03/04/2004 | |||
returns before taxes | 0.18% | 8.33% | 4.18% | |
returns after taxes on distributions | -1.00% | 6.67% | 2.88% | |
returns after taxes on distributions and sale of Fund shares | 1.01% | 6.15% | 2.99% | |
Class B returns before taxes | 03/04/2004 | 5.57% | 8.81% | 4.01% |
Class C returns before taxes | 03/04/2004 | 4.58% | 8.81% | 4.02% |
Class K returns before taxes | 03/04/2004 | 6.39% | 9.71% | 4.96% |
Class R returns before taxes | 09/27/2010 | 5.97% | 9.34% | 4.56% |
Class R4 returns before taxes | 06/13/2013 | 6.61% | 9.81% | 4.89% |
Class R5 returns before taxes | 06/13/2013 | 6.58% | 9.89% | 4.93% |
Class Y returns before taxes | 06/13/2013 | 6.64% | 9.91% | 4.94% |
Class Z returns before taxes | 09/27/2010 | 6.51% | 9.89% | 4.97% |
Blended Benchmark (consisting of 60% Russell 3000 Index, 15% Bloomberg Barclays U.S. Aggregate Bond Index, 14% MSCI EAFE Index (Net), 6% MSCI Emerging Markets Index (Net) and 5% Bloomberg Barclays U.S. Corporate High-Yield Index) (reflects reinvested dividends net of withholding taxes on the MSCI EAFE Index and the MSCI Emerging Markets Index portion of the Blended Benchmark, and for all indexes reflects no deductions for fees, expenses or other taxes) | 9.79% | 10.55% | 5.76% | |
Russell 3000 Index (reflects no deductions for fees, expenses or taxes) | 12.74% | 14.67% | 7.07% | |
Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes) | 2.65% | 2.23% | 4.34% |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | |||
Jeffrey Knight, CFA | Senior Portfolio Manager, Managing Director, Global Head of Investment Solutions and Co-Head of Global Asset Allocation | Co-manager | 2013 | |||
Anwiti Bahuguna, Ph.D. | Senior Portfolio Manager | Co-manager | 2010 | |||
Joshua Kutin, CFA | Senior Portfolio Manager | Co-manager | January 2017 | |||
Dan Boncarosky, CFA | Portfolio Manager | Co-manager | January 2017 |
Online | Regular Mail | Express Mail | By Telephone | |||
investor.columbiathreadneedle.com/us |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. P.O. Box 8081 Boston, MA 02266-8081 |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. 30 Dan Road, Suite 8081 Canton, MA 02021-2809 |
800.422.3737 |
Prospectus 2017 | 51 |
Class | Category of eligible account |
For
accounts other than
systematic investment plan accounts |
For
systematic investment
plan accounts |
Classes A, B (a) & C | All accounts other than IRAs | $2,000 | $100 |
IRAs | $1,000 | $100 | |
Classes K (b) , R & R5 | All eligible accounts | None | N/A |
Classes R4 & Z | All eligible accounts |
$0,
$1,000 or $2,000
depending upon the category of eligible investor |
$100 |
Class Y | All eligible accounts |
$0,
$1,000, $2,000 or
$1 million depending upon the category of eligible investor |
$100
(for certain
eligible investors) |
(a) | Class B shares are generally closed to new and existing shareholders. |
(b) | Class K shares are generally closed to new investors. |
52 | Prospectus 2017 |
Prospectus 2017 | 53 |
Asset Class Exposures* | ||||
Equity | Fixed Income |
Cash/Cash
Equivalents |
Alternatives | |
Conservative Portfolio | 0–40% | 50–90% | 0–40% | 0–40% |
Moderate Conservative Portfolio | 0–55% | 40–85% | 0–40% | 0–40% |
Moderate Portfolio | 10–70% | 30–75% | 0–40% | 0–40% |
Moderate Aggressive Portfolio | 20–85% | 15–60% | 0–40% | 0–40% |
Aggressive Portfolio | 25–100% | 0–50% | 0–40% | 0–40% |
54 | Prospectus 2017 |
* | As a percent of Fund net assets. Ranges include the net notional amounts of a Fund’s direct investments in derivative instruments. Market appreciation or depreciation may cause a Fund to be temporarily outside the ranges identified in the table. The Investment Manager may modify the target allocation ranges only with the approval of a Fund’s Board of Trustees (the Board). |
■ | Determine the allocation of the Fund’s assets among the asset class categories within the target asset allocation ranges set forth above, based on the Fund’s investment objective, global macro-economic research and historical and projected returns for each asset class category |
■ | Select Underlying Funds to represent asset class categories and then to determine the portion of the Fund’s assets to be allocated to each such investment, based on the Underlying Funds’ historical and projected returns under their current portfolio managers, portfolio manager experience and the anticipated investment risks associated with investment in these Underlying Funds |
■ | Determine the Fund’s investments in the 20% Sleeve |
Affiliated Equity Underlying Funds | Columbia Acorn Emerging Markets Fund, Columbia Acorn European Fund, Columbia Acorn ® Fund, Columbia Acorn International ® , Columbia Acorn International Select, Columbia Acorn Select, Columbia Acorn USA ® , Columbia Asia Pacific ex-Japan Fund, Columbia Contrarian Core Fund, Columbia Disciplined Core Fund , Columbia Disciplined Growth Fund , Columbia Disciplined Small Core Fund , Columbia Disciplined Value Fund , Columbia Diversified Equity Income Fund, Columbia Dividend Income Fund, Columbia Dividend Opportunity Fund, Columbia Emerging Markets Fund, Columbia European Equity Fund, Columbia Global Dividend Opportunity Fund, Columbia Global Energy and Natural Resources Fund, Columbia Global Equity Value Fund, Columbia Global Infrastructure Fund, Columbia Greater China Fund, Columbia Large Cap Enhanced Core Fund, Columbia Large Cap Growth Fund, Columbia Large Cap Growth Fund III , Columbia Large Cap Index Fund, Columbia Mid Cap Growth Fund, Columbia Mid Cap Index Fund, Columbia Mid Cap Value Fund, Columbia Overseas Value Fund, Columbia Pacific/Asia Fund, Columbia Real Estate Equity Fund, Columbia Select Global Equity Fund, Columbia Select International Equity Fund, Columbia Select Large Cap Equity Fund, Columbia Select Large Cap Growth Fund, Columbia Select Large-Cap Value Fund, Columbia Select Smaller-Cap Value Fund, Columbia Seligman Communications and Information Fund, Columbia Seligman Global Technology Fund, Columbia Small Cap Growth Fund I, Columbia Small Cap Index Fund, Columbia Small Cap Value Fund I, Columbia Small Cap Value Fund II and Columbia Small/Mid Cap Value Fund. |
Prospectus 2017 | 55 |
Affiliated Fixed Income Underlying Funds | CMG Ultra Short Term Bond Fund, Columbia Bond Fund, Columbia Convertible Securities Fund, Columbia Corporate Income Fund, Columbia Emerging Markets Bond Fund, Columbia Floating Rate Fund, Columbia Global Bond Fund, Columbia High Yield Bond Fund, Columbia Income Opportunities Fund, Columbia Inflation Protected Securities Fund, Columbia Limited Duration Credit Fund, Columbia Short Term Bond Fund, Columbia Total Return Bond Fund , Columbia U.S. Government Mortgage Fund and Columbia U.S. Treasury Index Fund. |
Affiliated Cash/Cash Equivalent Underlying Funds | Columbia Government Money Market Fund and Columbia Short-Term Cash Fund. |
Affiliated Alternative Strategy Underlying Funds | Columbia Absolute Return Currency and Income Fund, Columbia Alternative Beta Fund ( formerly known as Columbia Adaptive Alternatives Fund ), Columbia Commodity Strategy Fund, Columbia Diversified Absolute Return Fund, Columbia Flexible Capital Income Fund, Columbia Mortgage Opportunities Fund and Columbia Multi-Asset Income Fund. |
56 | Prospectus 2017 |
Prospectus 2017 | 57 |
■ | A forward foreign currency contract is a derivative (forward contract) in which the underlying reference is a country's or region’s currency. The Fund may agree to buy or sell a country's or region’s currency at a specific price on a specific date in the future. These instruments may fall in value (sometimes dramatically) due to foreign market downswings or foreign currency value fluctuations, subjecting the Fund to foreign currency risk (the risk that Fund performance may be negatively impacted by foreign currency strength or weakness relative to the U.S. dollar, particularly if the Fund exposes a significant percentage of its assets to currencies other than the U.S. dollar). Unanticipated changes in the currency markets could result in reduced performance for the Fund. When the Fund converts its foreign currencies into U.S. dollars, it may incur currency conversion costs due to the spread between the prices at which it may buy and sell various currencies in the market. |
■ | A currency future , also an FX future or foreign exchange future, is a derivative that is an agreement to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the purchase date. |
■ | An equity future is a derivative that is an agreement for the contract holder to buy or sell a specified amount of an individual equity, a basket of equities or the securities in an equity index on a specified date at a predetermined price. |
■ | An interest rate future is a derivative that is an agreement whereby the buyer and seller agree to the future delivery of an interest-bearing instrument on a specific date at a pre-determined price. Examples include Treasury-bill futures, Treasury-bond futures and Eurodollar futures. |
58 | Prospectus 2017 |
■ | A bond (or debt instrument) future is a derivative that is an agreement for the contract holder to buy or sell a bond or other debt instrument, a basket of bonds or other debt instrument, or the bonds or other debt instruments in an index on a specified date at a predetermined price. The buyer (long position) of a bond future is obliged to buy the underlying reference at the agreed price on expiry of the future. |
Prospectus 2017 | 59 |
60 | Prospectus 2017 |
Prospectus 2017 | 61 |
62 | Prospectus 2017 |
Prospectus 2017 | 63 |
64 | Prospectus 2017 |
Prospectus 2017 | 65 |
Columbia Capital Allocation Conservative Portfolio | |
Class A | 0.49% |
Class B | 1.24% |
Class C | 1.24% |
Class K | 0.485% |
Class R | 0.74% |
Class R4 | 0.24% |
Class R5 | 0.235% |
Class Y | 0.185% |
Class Z | 0.24% |
Columbia Capital Allocation Moderate Conservative Portfolio | |
Class A | 0.49% |
Class B | 1.24% |
Class C | 1.24% |
Class K | 0.485% |
Class R | 0.74% |
Class R4 | 0.24% |
Class R5 | 0.235% |
Class Y | 0.185% |
Class Z | 0.24% |
66 | Prospectus 2017 |
Columbia Capital Allocation Moderate Portfolio | |
Class R5 | 0.215% |
Class Y | 0.165% |
Class Z | 0.22% |
Columbia Capital Allocation Aggressive Portfolio | |
Class A | 0.51% |
Class B | 1.26% |
Class C | 1.26% |
Class K | 0.485% |
Class R | 0.76% |
Class R4 | 0.26% |
Class R5 | 0.235% |
Class Y | 0.185% |
Class Z | 0.26% |
Prospectus 2017 | 67 |
68 | Prospectus 2017 |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | ||||
For
Conservative Portfolio,
Moderate Portfolio and Aggressive Portfolio |
For
Moderate Conservative
Portfolio and Moderate Aggressive Portfolio |
||||||
Jeffrey Knight, CFA | Senior Portfolio Manager, Global Head of Investment Solutions and Co-Head of Global Asset Allocation | Co-manager | 2013 | 2013 | |||
Anwiti Bahuguna, Ph.D. | Senior Portfolio Manager | Co-manager | 2010 | 2009 | |||
Joshua Kutin, CFA | Senior Portfolio Manager | Co-manager | January 2017 | January 2017 | |||
Dan Boncarosky, CFA | Portfolio Manager | Co-manager | January 2017 | January 2017 |
Prospectus 2017 | 69 |
■ | compensation and other benefits received by the Investment Manager and other Ameriprise Financial affiliates related to the management/administration of a Columbia Fund and the sale of its shares; |
■ | the allocation of, and competition for, investment opportunities among the Fund, other funds and accounts advised/managed by the Investment Manager and other Ameriprise Financial affiliates, or Ameriprise Financial itself and its affiliates; |
■ | separate and potentially divergent management of a Columbia Fund and other funds and accounts advised/managed by the Investment Manager and other Ameriprise Financial affiliates; |
■ | regulatory and other investment restrictions on investment activities of the Investment Manager and other Ameriprise Financial affiliates and accounts advised/managed by them; |
■ | insurance and other relationships of Ameriprise Financial affiliates with companies and other entities in which a Columbia Fund invests; and |
■ | regulatory and other restrictions relating to the sharing of information between Ameriprise Financial and its affiliates, including the Investment Manager, and a Columbia Fund. |
70 | Prospectus 2017 |
Prospectus 2017 | 71 |
72 | Prospectus 2017 |
■ | The amount you plan to invest. |
■ | How long you intend to remain invested in the Fund. |
■ | The fees (e.g., sales charge or “load”) and expenses for each share class. |
■ | Whether you may be eligible for a reduction or waiver of sales charges when you buy or sell shares. |
■ | The net asset value (NAV) per share is the price of a share calculated by the Fund every business day. |
■ | The offering price per share is the NAV per share plus any front-end sales charge (or load) that applies. |
Prospectus 2017 | 73 |
74 | Prospectus 2017 |
Share Class |
Eligible
Investors
(a)
;
Minimum Initial Investments (b) |
Front-End
Sales Charges (c) |
Contingent
Deferred
Sales Charges (CDSCs) (c) |
Sales
Charge
Reductions/Waivers |
Maximum
Distribution
and/or Service Fees (d) |
period, are no longer subject to a CDSC upon redemption of their shares | |||||
Class C |
Eligibility:
Available to the general public for investment
|
None | 1.00% on certain investments redeemed within one year of purchase (i) |
Waivers
: yes, on Fund distribution reinvestments. For additional waivers, see
Choosing a Share Class — CDSC Waivers – Class A, Class C and Class V
|
Distribution
Fee:
0.75%
|
Class K |
Eligibility:
Closed to new investors; available only to qualified employee benefit plans, trust companies or similar institutions, 501(c)(3) charitable organizations, non-qualified deferred compensation plans whose participants
are included in a qualified employee benefit plan described above, 529 plans, and health savings accounts
(f)
|
None | None | N/A | Plan Administration Services Fee: 0.25% |
Class R |
Eligibility:
Available only to eligible retirement plans, health savings accounts and, in the sole discretion of the Distributor, other types of retirement accounts held through platforms maintained by financial intermediaries
approved by the Distributor
|
None | None | N/A |
Series
of CFST & CFST I:
distribution fee of 0.50%
|
Class R4 | Eligibility: Available only to (i) omnibus retirement plans; (ii) trust companies or similar institutions; (iii) broker-dealers, banks, trust companies and similar institutions that clear Fund share transactions for their client or customer investment advisory or similar accounts through designated financial intermediaries and their mutual fund trading platforms that have been granted specific written authorization from the Transfer Agent with respect to Class R4 eligibility apart from selling, servicing or similar agreements; (iv) 501(c)(3) charitable organizations; (v) | None | None | N/A | None |
Prospectus 2017 | 75 |
76 | Prospectus 2017 |
Share Class |
Eligible
Investors
(a)
;
Minimum Initial Investments (b) |
Front-End
Sales Charges (c) |
Contingent
Deferred
Sales Charges (CDSCs) (c) |
Sales
Charge
Reductions/Waivers |
Maximum
Distribution
and/or Service Fees (d) |
$500,000–
$999,999: 1.50% 1.00% |
(a)
the other share class may only be exchanged for Class T shares if your financial intermediary does not offer that other share class on the intermediary’s commission-based platform, and (b) unless waived in the Distributor’s discretion,
shares of the class to be exchanged are held in a networked or omnibus account with the Fund; and
(iii) on purchases within fee-based accounts, provided that the Class T Intermediary has an agreement with the Distributor that specifically authorizes offering Class T shares within the designated fee-based platform. |
||||
Class V |
Eligibility:
Generally closed to new investors
(f)
|
5.75% maximum, declining to 0.00% on investments of $1 million or more |
CDSC
on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, charged as follows:
|
Reductions
: yes, see
Choosing a Share Class — Reductions/Waivers of Sales Charges – Class A and Class V Shares Front-End Sales Charge Reductions
|
Service Fee: up to 0.50% |
Class Y |
Eligibility:
Available to (i) group retirement plans that maintain plan-level or omnibus accounts with the Fund
(f)
;
(ii) institutional investors that are clients of the Columbia Threadneedle Global Institutional Distribution Team that invest in Class Y shares for their own account through platforms approved by the Distributor or an
affiliate thereof to offer and/or service Class Y shares within such platform;
(iii) collective trust funds;
(iv) affiliated or unaffiliated mutual funds (e.g., funds
operating as funds-of-funds);
(v) fee-based platforms of financial intermediaries (or the clearing |
None | None | N/A | None |
Prospectus 2017 | 77 |
Share Class |
Eligible
Investors
(a)
;
Minimum Initial Investments (b) |
Front-End
Sales Charges (c) |
Contingent
Deferred
Sales Charges (CDSCs) (c) |
Sales
Charge
Reductions/Waivers |
Maximum
Distribution
and/or Service Fees (d) |
intermediary
they trade through) that have an agreement with the Distributor or an affiliate thereof that specifically authorizes the financial intermediary to offer and/or service Class Y shares within such platform, provided also that Fund shares are held in
an omnibus account; (vi) commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares, provided that the financial
intermediary has an agreement with the Distributor that specifically authorizes offering Class Y shares within such platform and that Fund shares are held in an omnibus account; and (vii) bank trust departments, subject to an agreement with the
Distributor that specifically authorizes offering Class Y shares and provided that Fund shares are held in an omnibus account. In each case above where noted that Fund shares are required to be held in an omnibus account, the Distributor may, in its
discretion, determine to waive this requirement.
|
|||||
Class Z |
Eligibility:
Available only to certain eligible investors, which are subject to different minimum investment requirements, ranging from $0 to $2,000; closed to (i) accounts of financial intermediaries that clear Fund share
transactions for their client or customer accounts through designated financial intermediaries and their mutual fund trading platforms that have been given specific written notice from the Transfer Agent of the termination of their eligibility for
new purchases of Class Z shares and (ii) omnibus group retirement plans, subject to certain exceptions
(f)
|
None | None | N/A | None |
78 | Prospectus 2017 |
(a) | For Columbia Government Money Market Fund, new investments must be made in Class A, Class T, Class Y or Class Z shares, subject to eligibility. Class C and Class R shares of Columbia Government Money Market Fund are available as a new investment only to investors in the Distributor's proprietary 401(k) products, provided that such investor is eligible to invest in the class and transact directly with the Fund or the Transfer Agent through a third party administrator or third party recordkeeper. Columbia Government Money Market Fund offers other classes of shares only to facilitate exchanges with other Funds offering such share classes. |
(b) | The minimum initial investment requirement for investment in Class A and Class C shares is $5,000 for each of Columbia Floating Rate Fund and Columbia Inflation Protected Securities Fund, and $10,000 for Columbia Absolute Return Currency and Income Fund. Certain share classes are subject to minimum account balance requirements, as described in Buying, Selling and Exchanging Shares — Transaction Rules and Policies. |
(c) | Actual front-end sales charges and CDSCs vary among the Funds. For more information on applicable sales charges, see Choosing a Share Class — Sales Charges and Commissions, and for information about certain exceptions to these sales charges, see Choosing a Share Class — Reductions/Waivers of Sales Charges. |
(d) | These are the maximum applicable distribution and/or service fees under the Fund’s Rule 12b-1 plan. Fee rates and fee components (i.e., the portion of a combined fee that is a distribution or service fee) may vary among Funds. Because these fees are paid out of Fund assets on an ongoing basis, over time these fees will increase the cost of your investment and may cost you more than paying other types of distribution and/or service fees. Although Class A shares of certain series of CFST I are subject to a combined distribution and service fee of up to 0.35%, these Funds currently limit the combined fee to 0.25%. Columbia Government Money Market Fund pays a distribution and service fee of up to 0.10% on Class A shares, up to 0.75% distribution fee and up to 0.10% service fee on Class B shares, and up to 0.75% distribution fee on Class C shares. Columbia AMT-Free Intermediate Muni Bond Fund, Columbia High Yield Municipal Fund and Columbia Tax-Exempt Fund each pay a service fee of up to 0.20% on Class A, Class B and Class C shares. Columbia AMT-Free Intermediate Muni Bond Fund pays a distribution fee of up to 0.65% on Class B and Class C shares. For more information on distribution and service fees, see Choosing a Share Class — Distribution and Service Fees. |
(e) | For Columbia Short Term Municipal Bond Fund, a CDSC of 0.50% is charged on certain investments of $500,000 or more redeemed within 12 months after purchase. The following Funds are not subject to a front-end sales charge or a CDSC on Class A shares: Columbia Government Money Market Fund, Columbia Large Cap Enhanced Core Fund, Columbia Large Cap Index Fund, Columbia Mid Cap Index Fund, Columbia Small Cap Index Fund and Columbia U.S. Treasury Index Fund. |
(f) | These share classes are closed to new accounts, or closed to previously eligible investors, subject to certain conditions, as summarized below and described in more detail under Buying, Selling and Exchanging Shares — Buying Shares — Eligible Investors: |
• Class B Shares . The Funds no longer accept investments from new or existing investors in Class B shares, except through reinvestment of Fund Class B share dividend and/or capital gain distributions by existing Class B shareholders, or a permitted exchange. |
• Class K Shares . Shareholders who opened and funded a Class K account with a Fund as of the close of business on December 31, 2010 may continue to make additional purchases of such share class, and existing Class K accounts may continue to allow new investors or participants to be established in their Fund account. |
• Class R5 Shares . Shareholders with Class R5 accounts funded before November 8, 2012 who do not satisfy the current eligibility criteria for Class R5 shares may not establish new Class R5 accounts but may continue to make additional purchases of Class R5 shares in existing accounts. In addition, investment advisory programs and similar programs that opened a Class R5 account as of May 1, 2010, and continuously hold Class R5 shares in such account after such date, may generally not only continue to make additional purchases of Class R5 shares but also open new Class R5 accounts and add new shareholders in the program. | |
• Class V Shares. Shareholders with Class V accounts who received, and have continuously held, Class V shares (formerly named Class T shares, which have no relation to the Fund’s current Class T shares) in connection with the merger of certain Galaxy funds into certain Funds that were then named Liberty funds may continue to make additional purchases of such share class. |
• Class Y Shares . Shareholders with Class Y accounts funded before November 8, 2012 who do not satisfy the current eligibility criteria for Class Y shares may not establish new accounts for such share class but may continue to make additional purchases of Class Y shares in existing accounts. |
• Class Z Shares . Financial intermediaries that clear Fund share transactions through designated financial intermediaries and their mutual fund trading platforms that have been given specific written notice from the Transfer Agent, effective March 29, 2013, of the termination of their eligibility for new purchases of Class Z shares and omnibus retirement plans are not permitted to establish new Class Z accounts, subject to certain exceptions. Omnibus retirement plans that opened and, subject to exceptions, funded a Class Z account as of close of business on March 28, 2013, and have continuously held Class Z shares in such account after such date, may generally continue to make additional purchases of Class Z shares, open new Class Z accounts and add new participants. In certain circumstances and in the sole discretion of the Distributor, omnibus retirement plans affiliated with a grandfathered plan may also open new Class Z accounts. Accounts of financial intermediaries (other than omnibus retirement plans) that clear Fund share transactions for their client or customer accounts through designated financial intermediaries and their mutual fund trading platforms are not permitted to establish new Class Z accounts or make additional purchases of Class Z shares (other than through Fund distribution reinvestments). |
(g) | Timing of conversion will vary depending on the Fund and the date of your original purchase of Class B shares. For more information on the conversion of Class B shares to Class A shares, see Choosing a Share Class — Sales Charges and Commissions. Class B shares of Columbia Short Term Municipal Bond Fund do not charge a CDSC and do not convert to Class A shares. |
(h) | If you are eligible to invest in Class A shares without a front-end sales charge, you should discuss your options with your financial intermediary. For more information, see Choosing a Share Class – Reductions/Waivers of Sales Charges. |
(i) | There is no CDSC on redemptions from Class C shares of Columbia Government Money Market Fund. |
Prospectus 2017 | 79 |
■ | depends on the amount you are investing (generally, the larger the investment, the smaller the percentage sales charge), and |
■ | is based on the total amount of your purchase and the value of your account (and any other accounts eligible for aggregation of which you or your financial intermediary notifies the Fund). |
80 | Prospectus 2017 |
Class A Shares — Front-End Sales Charge — Breakpoint Schedule* | ||||
Breakpoint Schedule For: |
Dollar
amount of
shares bought (a) |
Sales
charge as a % of the offering price (b) |
Sales
charge as a % of the net amount invested (b) |
Amount
retained by or paid to financial intermediaries as a % of the offering price |
Equity
Funds,
Columbia Adaptive Risk Allocation Fund, Columbia Alternative Beta Fund, Columbia Commodity Strategy Fund, Columbia Diversified Absolute Return Fund and Funds-of-Funds (equity)* |
$ 0–$49,999 | 5.75% | 6.10% | 5.00% |
$ 50,000–$99,999 | 4.50% | 4.71% | 3.75% | |
$100,000–$249,999 | 3.50% | 3.63% | 3.00% | |
$250,000–$499,999 | 2.50% | 2.56% | 2.15% | |
$500,000–$999,999 | 2.00% | 2.04% | 1.75% | |
$ 1,000,000 or more | 0.00% | 0.00% | 0.00% (c) | |
Fixed
Income Funds (except those listed below),
Columbia Multi-Asset Income Fund and Funds-of-Funds (fixed income)* |
$ 0-$49,999 | 4.75% | 4.99% | 4.00% |
$ 50,000–$99,999 | 4.25% | 4.44% | 3.50% | |
$100,000–$249,999 | 3.50% | 3.63% | 3.00% | |
$250,000–$499,999 | 2.50% | 2.56% | 2.15% | |
$500,000–$999,999 | 2.00% | 2.04% | 1.75% | |
$ 1,000,000 or more | 0.00% | 0.00% | 0.00% (c) | |
Tax-Exempt Funds (other than Columbia Short Term Municipal Bond Fund) | $ 0-$99,999 | 3.00% | 3.09% | 2.50% |
$100,000–$249,999 | 2.50% | 2.56% | 2.15% | |
$250,000–$499,999 | 1.50 % | 1.53% | 1.25% | |
$ 500,000 or more | 0.00% | 0.00% | 0.00% (c) | |
Columbia
Absolute Return Currency and Income Fund,
Columbia Floating Rate Fund, Columbia Inflation Protected Securities Fund, Columbia Limited Duration Credit Fund, Columbia Mortgage Opportunities Fund, Columbia Total Return Bond Fund, and Columbia U.S. Government Mortgage Fund |
$ 0-$99,999 | 3.00% | 3.09% | 2.50% |
$100,000–$249,999 | 2.50% | 2.56% | 2.15% | |
$250,000–$499,999 | 2.00% | 2.04% | 1.75% | |
$500,000–$999,999 | 1.50% | 1.52% | 1.25% | |
$ 1,000,000 or more | 0.00% | 0.00% | 0.00% (c) | |
Columbia Short Term Bond Fund | $ 0-$99,999 | 1.00% | 1.01% | 0.75% |
$100,000–$249,999 | 0.75% | 0.76% | 0.50% | |
$250,000–$999,999 | 0.50% | 0.50% | 0.40% | |
$ 1,000,000 or more | 0.00% | 0.00% | 0.00% (c) | |
Columbia Short Term Municipal Bond Fund | $ 0-$99,999 | 1.00% | 1.01% | 0.75% |
$100,000–$249,999 | 0.75% | 0.76% | 0.50% | |
$250,000–$499,999 | 0.50% | 0.50% | 0.40% | |
$ 500,000 or more | 0.00% | 0.00% | 0.00% (c) | |
* | The following Funds are not subject to a front-end sales charge or CDSC on Class A shares: Columbia Government Money Market Fund, Columbia Large Cap Enhanced Core Fund, Columbia Large Cap Index Fund, Columbia Mid Cap Index Fund, Columbia Small Cap Index Fund and Columbia U.S. Treasury Index Fund. "Funds-of-Funds (equity)" includes Columbia Capital Allocation Aggressive Portfolio, Columbia Capital Allocation Moderate Aggressive Portfolio, Columbia Capital Allocation Moderate Conservative Portfolio, Columbia Capital Allocation Moderate |
Prospectus 2017 | 81 |
Portfolio and Columbia Global Strategic Equity Fund . "Funds-of-Funds (fixed income)" includes Columbia Capital Allocation Conservative Portfolio and Columbia Income Builder Fund. Columbia Balanced Fund, Columbia Flexible Capital Income Fund and Columbia Global Opportunities Fund are treated as equity Funds for purposes of the table. |
(a) | Purchase amounts and account values may be aggregated among all eligible Fund accounts for the purposes of this table. See Choosing a Share Class — Reductions/Waivers of Sales Charges for a discussion of account value aggregation. |
(b) | Because the offering price is calculated to two decimal places, the dollar amount of the sales charge as a percentage of the offering price and your net amount invested for any particular purchase of Fund shares may be higher or lower depending on whether downward or upward rounding was required during the calculation process. Purchase price includes the sales charge. |
(c) | For information regarding cumulative commissions paid to your financial intermediary when you buy $1 million or more of Class A shares of a Fund, see Class A Shares — Commissions below. |
■ | If you purchased Class A shares of any Tax-Exempt Fund (other than Columbia Short Term Municipal Bond Fund and Columbia U.S. Social Bond Fund) without paying a front-end sales charge because your eligible accounts aggregated $500,000 or more at the time of purchase, you will incur a CDSC of 0.75% if you redeem those shares within 12 months after purchase. Subsequent Class A share purchases that bring your aggregate account value to $500,000 or more will also be subject to a CDSC of 0.75% if you redeem those shares within 12 months after purchase. |
■ | If you purchased Class A shares of Columbia Short Term Municipal Bond Fund without paying a front-end sales charge because your eligible accounts aggregated $500,000 or more at the time of purchase, you will incur a CDSC of 0.50% if you redeem those shares within 12 months after purchase. Subsequent Class A share purchases that bring your aggregate account value to $500,000 or more will also be subject to a CDSC of 0.50% if you redeem those shares within 12 months after purchase. |
■ | If you purchased Class A shares of Columbia U.S. Social Bond Fund on or after August 8, 2016 without paying a front-end sales charge because your eligible accounts aggregated $500,000 or more at the time of purchase, you will incur a CDSC of 0.75% if you redeem those shares within 12 months after purchase. Subsequent Class A share purchases made on or after August 8, 2016 that bring your aggregate account value to $500,000 or more will also be subject to a CDSC of 0.75% if you redeem those shares within 12 months after purchase. If you purchased Class A shares of Columbia U.S. Social Bond Fund prior to August 8, 2016 without paying a front-end sales charge because your eligible accounts aggregated between $1 million and $50 million at the time of purchase, you will incur a CDSC if you redeem those shares within 18 months after purchase, which is charged as follows: 1.00% CDSC if shares are redeemed within 12 months after purchase; and 0.50% CDSC if shares are redeemed more than 12, but less than 18, months after purchase. Subsequent Class A share purchases made prior to August 8, 2016 that bring your aggregate account value to $1 million or more (but less than $50 million) will also be subject to a CDSC if you redeem them within 18 months after purchase as described in this paragraph. |
■ | If you purchased Class A shares of any Taxable Fund without paying a front-end sales charge because your eligible accounts aggregated between $1 million and $50 million at the time of purchase, you will incur a CDSC if you redeem those shares within 18 months after purchase, which is charged as follows: 1.00% CDSC if shares are redeemed within 12 months after purchase; and 0.50% CDSC if shares are redeemed more than 12, but less than 18, months after purchase. Subsequent Class A share purchases that bring your aggregate account value to $1 million or more (but less than $50 million) will also be subject to a CDSC if you redeem them within 18 months after purchase as described in the previous sentence. |
82 | Prospectus 2017 |
Class A Shares of Tax-Exempt Funds — Commission Schedule (Paid by the Distributor to Financial Intermediaries) | |
Purchase Amount |
Commission
Level*
(as a % of net asset value per share) |
$500,000 – $3,999,999 | 0.75%** |
$4 million – $19,999,999 | 0.50% |
$20 million or more | 0.25% |
* | The commission level applies to the applicable asset level; therefore, for example, for a purchase of $5 million, the Distributor would pay a commission of 0.75% on the first $3,999,999 and 0.50% on the balance. |
** | The commission level on purchases of Class A shares of Columbia Short Term Municipal Bond Fund is: 0.50% on purchases of $500,000 to $19,999,999 and 0.25% on purchases of $20 million or more. |
* | Not applicable to Funds that do not assess a front-end sales charge. |
** | The commission level applies to the applicable asset level; therefore, for example, for a purchase of $5 million, the Distributor would pay a commission of 1.00% on the first $2,999,999 and 0.50% on the balance. |
Prospectus 2017 | 83 |
84 | Prospectus 2017 |
Class T Shares — Front-End Sales Charge (Per Transaction) | ||||
Breakpoint Schedule For: |
Dollar
amount of
shares bought |
Sales
charge as a % of the offering price (a) |
Sales
charge as a % of the net amount invested (a) |
Amount
retained by or paid to Financial Intermediaries as a % of the offering price |
Class
T Shares
(Purchasing through a Category One Financial Intermediary) |
$ 0–$249,999 | 2.50% | 2.56% | 2.50% |
$250,000–$499,999 | 2.00% | 2.04% | 2.00% | |
$500,000–$999,999 | 1.50% | 1.53% | 1.50% | |
$ 1,000,000 or more | 1.00% | 1.01% | 1.00% | |
(a) | Because the offering price is calculated to two decimal places, the dollar amount of the sales charge as a percentage of the offering price and your net amount invested for any particular purchase of Fund shares may be higher or lower depending on whether downward or upward rounding was required during the calculation process. Purchase price includes the sales charge. |
■ | depends on the amount you are investing (generally, the larger the investment, the smaller the percentage sales charge), and |
■ | is based on the total amount of your purchase and the value of your account (and any other accounts eligible for aggregation of which you notify your financial intermediary or, in the case of Direct-at-Fund accounts (as defined below), you notify the Fund). |
Prospectus 2017 | 85 |
(a) | Purchase amounts and account values are aggregated among all eligible Fund accounts for the purposes of this table. |
(b) | Because the offering price is calculated to two decimal places, the dollar amount of the sales charge as a percentage of the offering price and your net amount invested for any particular purchase of Fund shares may be higher or lower depending on whether downward or upward rounding was required during the calculation process. |
(c) | For more information regarding cumulative commissions paid to your financial intermediary when you buy $1 million or more of Class V shares, see Class V Shares — Commissions below. |
■ | If you purchased Class V shares without a front-end sales charge because your eligible accounts aggregated between $1 million and $50 million at the time of purchase, you will incur a CDSC if you redeem those shares within 18 months after purchase, which is charged as follows: 1.00% CDSC if shares are redeemed within 12 months after purchase, and 0.50% CDSC if shares are redeemed more than 12, but less than 18, months after purchase. |
■ | Subsequent Class V share purchases that bring your aggregate account value to $1 million or more (but less than $50 million) will also be subject to a CDSC if you redeem them within the time periods noted above. |
Class V Shares — Commission Schedule (Paid by the Distributor to Financial Intermediaries) | |
Purchase
Amount |
Commission
Level*
(as a % of net asset value per share) |
$1 million – $2,999,999 | 1.00% |
$3 million – $49,999,999 | 0.50% |
$50 million or more | 0.25% |
* | The commission level applies to the applicable asset level; therefore, for example, for a purchase of $5 million, the Distributor would pay a commission of 1.00% on the first $2,999,999 and 0.50% on the balance. |
86 | Prospectus 2017 |
Prospectus 2017 | 87 |
■ | Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets. |
■ | Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time (if applicable). |
88 | Prospectus 2017 |
■ | Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the plan is a group plan (more than one participant), the shares are not held in a commission-based brokerage account and shares are held in the name of the plan through an omnibus account |
■ | Shares purchased by or through a 529 Plan |
■ | Shares purchased through a Merrill Lynch affiliated investment advisory program |
■ | Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform |
■ | Shares of funds purchased through the Merrill Edge Self-Directed platform |
■ | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same Fund (but not any other fund within the same fund family) |
■ | Shares exchanged for Class C (i.e., level-load) shares of the same fund in the month of or following the 10-year anniversary of the purchase date |
■ | Employees and registered representatives of Merrill Lynch or its affiliates and their family members |
■ | Directors or Trustees of the Fund, and employees of the Fund’s investment adviser or any of its affiliates, as described in this prospectus |
■ | Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement) |
Prospectus 2017 | 89 |
■ | Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans; however these plans are eligible to purchase Class T shares through a transactional brokerage account. |
■ | Morgan Stanley Wealth Management employee and employee-related accounts according to Morgan Stanley’s account linking rules. |
■ | Mutual fund shares exchanged from an existing position in the same fund as part of a share class conversion instituted by Morgan Stanley Wealth Management. |
■ | Shares redeemed following the death or disability of the shareholder |
■ | Shares sold as part of a systematic withdrawal plan as described in this prospectus |
■ | Redemptions that constitute a return of excess contributions from an IRA |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching age 70½ |
■ | Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch |
■ | There will be no CDSC charged on the sale of Fund shares acquired through a right of reinstatement |
■ | The redemption of shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to a fee based account or platform (applicable to Class A and Class C shares only) |
90 | Prospectus 2017 |
Repurchases (Reinstatements) | |
Redeemed Share Class | Corresponding Repurchase Class |
Class A | Class A |
Class B | Class A |
Class C | Class C |
Class V | Class V |
Prospectus 2017 | 91 |
Distribution
Fee |
Service
Fee |
Combined
Total |
|
Class R5 | None | None | None |
Class T | up to 0.25% (c) | up to 0.25% | 0.25% |
Class V | None | up to 0.50% (h) | up to 0.50% (h) |
Class Y | None | None | None |
Class Z | None | None | None |
(a) | The maximum distribution and service fees of Class A shares varies among the Funds, as shown in the table below: |
Funds |
Maximum
Class A Distribution Fee |
Maximum
Class A Service Fee |
Maximum
Class A Combined Total |
Series of CFST | — | — |
0.25%;
these Funds pay a
combined distribution and service fee |
Series
of CFST II (other than Columbia
Government Money Market Fund) |
up to 0.25% | up to 0.25% | 0.25% |
Columbia Government Money Market Fund | — | — | 0.10% |
Columbia AMT-Free Oregon Intermediate Muni Bond Fund, Columbia Balanced Fund, Columbia Contrarian Core Fund, Columbia Disciplined Small Core Fund, Columbia Dividend Income Fund, Columbia Global Technology Growth Fund, Columbia Large Cap Growth Fund, Columbia Mid Cap Growth Fund, Columbia Real Estate Equity Fund, Columbia Small Cap Growth Fund I, Columbia Total Return Bond Fund | up to 0.10% | up to 0.25% |
up
to 0.35%; these Funds may
pay distribution and service fees up to a maximum of 0.35% of their average daily net assets attributable to Class A shares (comprised of up to 0.10% for distribution services and up to 0.25% for shareholder liaison services) but currently limit such fees to an aggregate fee of not more than 0.25% for Class A shares |
Columbia Adaptive Risk Allocation Fund, Columbia Alternative Beta Fund, Columbia AMT-Free Connecticut Intermediate Muni Bond Fund, Columbia AMT-Free Massachusetts Intermediate Muni Bond Fund, Columbia AMT-Free New York Intermediate Muni Bond Fund, Columbia Bond Fund, Columbia California Tax-Exempt Fund, Columbia Corporate Income Fund, Columbia Diversified Absolute Return Fund, Columbia Diversified Real Return Fund, Columbia Emerging Markets Fund, Columbia Global Dividend Opportunity Fund, Columbia Global Energy and Natural Resources Fund, Columbia Greater China Fund, Columbia Multi-Asset Income Fund, Columbia New York Tax-Exempt Fund, Columbia Pacific/Asia Fund, Columbia Select Large Cap Growth Fund, Columbia Small Cap Value Fund I, Columbia Strategic Income Fund, Columbia U.S. Social Bond Fund, Columbia U.S. Treasury Index Fund | — | 0.25% | 0.25% |
Columbia AMT-Free Intermediate Muni Bond Fund, Columbia High Yield Municipal Fund, Columbia Tax-Exempt Fund | — | 0.20% | 0.20% |
(b) | The service fees for Class A, Class B and Class C shares of certain Funds vary. The annual service fee for Class A, Class B and Class C shares of Columbia AMT-Free Intermediate Muni Bond Fund, Columbia High Yield Municipal Fund and Columbia Tax-Exempt Fund may equal up to 0.20% of the average daily NAV of all shares of such Fund class. The annual distribution fee for Class B and Class C shares for Columbia AMT-Free Intermediate Muni Bond Fund shall be 0.65% of the average daily net assets of the Fund's Class B and Class C shares. Fee amounts noted apply to Class B shares of the Funds other than Class B shares of Columbia Government Money Market Fund, which pays distribution fees of up to 0.75% and service fees of up to 0.10% for a combined total of 0.85%. The Distributor has currently agreed not to be reimbursed by the Fund for 0.10% of the 0.85% fee for Class B shares of Columbia Government Money Market Fund. The Distributor has voluntarily agreed to waive the service fee for Class A, Class B and Class C shares of Columbia U.S. Treasury Index Fund so that the service fee does not exceed 0.15% annually. This arrangement may be modified or terminated by the Distributor at any time. |
(c) | Fee amounts noted apply to all Funds other than Columbia Government Money Market Fund, which, for each of Class A and Class T shares, pays distribution and service fees of 0.10%, and for Class C shares pays distribution fees of 0.75%. The Distributor has currently agreed not to be reimbursed by the Fund for 0.25% of the 0.50% fee for Class R shares of Columbia Government Money Market Fund. The Distributor has |
92 | Prospectus 2017 |
voluntarily agreed to waive the 12b-1 fees it receives from Class A, Class C, Class R and Class T shares of Columbia Government Money Market Fund. This arrangement may be modified or terminated by the Distributor at any time. Compensation paid to financial intermediaries may be suspended to the extent of the Distributor's waiver of the 12b-1 fees on these specific share classes of these Funds. |
(d) | The Distributor has voluntarily agreed to waive a portion of the distribution fee it receives from Class B shares of Columbia Short Term Bond Fund so that the distribution fee does not exceed 0.30% annually. This arrangement may be modified or terminated by the Distributor at any time. |
(e) | The Distributor has voluntarily agreed to waive a portion of the distribution fee for Class C shares of the following Funds so that the distribution fee does not exceed the specified percentage annually: 0.45% for Columbia AMT-Free Connecticut Intermediate Muni Bond Fund, Columbia AMT-Free Massachusetts Intermediate Muni Bond Fund, Columbia AMT-Free New York Intermediate Muni Bond Fund, Columbia AMT-Free Oregon Intermediate Muni Bond Fund, Columbia California Tax-Exempt Fund and Columbia New York Tax-Exempt Fund; 0.60% for Columbia Corporate Income Fund and Columbia Short Term Bond Fund; 0.65% for Columbia High Yield Municipal Fund and Columbia Tax-Exempt Fund; and 0.70% for Columbia U.S. Treasury Index Fund. These arrangements may be modified or terminated by the Distributor at any time. |
(f) | Under a plan administration services agreement, the Funds' Class K shares pay for plan administration services. These fees for Class K shares are not paid pursuant to a 12b-1 plan. See Class K Plan Administration Services Fee below for more information. |
(g) | Class R shares of series of CFST and CFST I pay a distribution fee pursuant to a distribution (Rule 12b-1) plan for Class R shares. The Funds do not have a shareholder service plan for Class R shares. Series of CFST II have a distribution and shareholder service plan for Class R shares, which, prior to the close of business on September 3, 2010, were known as Class R2 shares. For Class R shares of series of CFST II, the maximum fee under the plan reimbursed for distribution expenses is equal on an annual basis to 0.50% of the average daily net assets of the Fund attributable to Class R shares. Of that amount, up to 0.25% may be reimbursed for shareholder service expenses. |
(h) | The shareholder servicing fees for Class V shares are up to 0.50% of average daily net assets attributable to Class V shares for equity Funds and 0.40% for fixed income Funds. In general, the Funds currently limit such fees to a maximum of 0.25% for equity Funds and 0.15% for fixed-income Funds. These fees for Class V shares are not paid pursuant to a 12b-1 plan. See Class V Shareholder Service Fees below for more information. |
Prospectus 2017 | 93 |
94 | Prospectus 2017 |
Prospectus 2017 | 95 |
96 | Prospectus 2017 |
Prospectus 2017 | 97 |
Minimum Account Balance | |
Minimum
Account Balance |
|
For all Funds, classes and account types except those listed below |
$250
(None for accounts with
Systematic Investment Plans) |
Individual Retirement Accounts for all Funds and classes except those listed below | None |
Columbia Absolute Return Currency and Income Fund | $5,000 |
Columbia Floating Rate Fund and Columbia Inflation Protected Securities Fund | $2,500 |
Class K, Class R, Class R4, Class R5 and Class Y | None |
98 | Prospectus 2017 |
Prospectus 2017 | 99 |
■ | negative impact on the Fund's performance; |
■ | potential dilution of the value of the Fund's shares; |
■ | interference with the efficient management of the Fund's portfolio, such as the need to maintain undesirably large cash positions, the need to use its line of credit or the need to buy or sell securities it otherwise would not have bought or sold; |
■ | losses on the sale of investments resulting from the need to sell securities at less favorable prices; |
■ | increased taxable gains to the Fund's remaining shareholders resulting from the need to sell securities to meet sell orders; and |
■ | increased brokerage and administrative costs. |
100 | Prospectus 2017 |
Prospectus 2017 | 101 |
102 | Prospectus 2017 |
Prospectus 2017 | 103 |
■ | Fund Class B dividend and/or capital gain distributions may continue to be reinvested in Class B shares of the Fund. |
■ | Shareholders invested in Class B shares of a Fund may exchange those shares for Class B shares of other Funds offering such shares. Certain exceptions apply, including that not all Funds may permit exchanges. |
104 | Prospectus 2017 |
Prospectus 2017 | 105 |
106 | Prospectus 2017 |
Minimum Initial Investments | ||
Minimum
Initial Investment (a) |
Minimum
Initial Investment for Accounts with Systematic Investment Plans |
|
For all Funds, classes and account types except those listed below | $2,000 | $100 (b) |
Individual Retirement Accounts for all Funds and classes except those listed below | $1,000 | $100 (c) |
Group retirement plans | None | N/A |
Columbia Absolute Return Currency and Income Fund | $10,000 | $10,000 |
Columbia Floating Rate Fund and Columbia Inflation Protected Securities Fund | $5,000 | $5,000 |
Class K, Class R and Class R5 | None | N/A |
Class Y | $0, $1,000, $2,000 or $1 million (d) | $100 (d) |
Class R4 and Class Z | $0, $1,000 or $2,000 (e) | $100 (e) |
(a) | If your Class A, Class B, Class C, Class V, Class R4, Class Y or Class Z shares account balance falls below the minimum initial investment amount for any reason, including a market decline, you may be asked to increase it to the minimum initial investment amount or establish a monthly Systematic Investment Plan. If you do not do so, your account will be subject to a $20 annual low balance fee and/or shares may be automatically redeemed and the proceeds mailed to you if the account falls below the minimum account balance. See Buying, Selling and Exchanging Shares — Transaction Rules and Policies above. |
(b) | Columbia Government Money Market Fund — $2,000 |
(c) | Columbia Government Money Market Fund — $1,000 |
(d) | There is no minimum initial investment in Class Y shares for: group retirement plans that maintain plan-level or omnibus accounts with the Fund; collective trust funds; affiliated or unaffiliated mutual funds (e.g., funds operating as funds-of-funds); and fee-based platforms of financial intermediaries (or the clearing intermediary that they trade through) that have an agreement with the Distributor or an affiliate thereof that specifically authorizes the financial intermediary to offer and/or service Class Y shares within such platform and Fund shares are held in an omnibus account. The minimum initial investment in Class Y shares is $2,000 ($1,000 for IRAs; $100 for systematic investment plan accounts) for commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Y shares within such platform and Fund shares are held in an omnibus account. The minimum initial investment in Class Y shares is $1 million, unless waived in the discretion of the Distributor, for the following investors: institutional investors that are clients of the Columbia Threadneedle Global Institutional Distribution Team that invest in Class Y shares for their own account through platforms approved by the Distributor or an affiliate thereof to offer and/or service Class Y shares within such platform; and bank trust departments, subject to an agreement with the Distributor that specifically authorizes offering Class Y shares and provided that Fund shares are held in an omnibus account. The Distributor may, in its discretion, waive the $1 million minimum initial investment required for these Class Y investors. In each case above where noted that Fund shares are required to be held in an omnibus account, the Distributor may, in its discretion, determine to waive this requirement. |
(e) | The minimum initial investment in Class R4 shares is $2,000 ($1,000 for IRAs; $100 for systematic investment plan accounts) for commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customers, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class R4 shares within such platform; for all other eligible Class R4 share investors (see Buying Shares – Eligible Investors – Class R4 Shares above), there is no minimum initial investment. The minimum initial investment amount for Class Z shares is $0, $1,000 or $2,000 depending upon the category of eligible investor. See — Class Z Shares Minimum Initial Investments below. The minimum initial investment amount for systematic investment plan accounts is the same as the amount set forth in the first two rows of the table, as applicable. |
Prospectus 2017 | 107 |
■ | Any health savings account sponsored by a third party platform. |
■ | Any investor participating in an account sponsored by a financial intermediary or other entity (that provides services to the account) that is paid a fee-based advisory fee by the investor and that is not compensated by the Fund for those services, other than payments for shareholder servicing or sub-accounting performed in place of the Transfer Agent. |
■ | Individual retirement accounts (IRAs) on commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Z shares within such platform. |
■ | Any current employee of Columbia Management Investment Advisers LLC, the Distributor or the Transfer Agent and immediate family members of any of the foregoing who share the same address are eligible to invest in Class Z shares through an individual retirement account (IRA). If you maintain your account with a financial intermediary, you must contact that financial intermediary each time you seek to purchase shares to notify them that you qualify for Class Z shares. If Class Z shares are not available at your financial intermediary, you may consider opening a Direct-at-Fund account. It is your obligation to advise your financial intermediary or (in the case of Direct-at-Fund Accounts) the Transfer Agent that you qualify for Class Z shares; be prepared to provide proof thereof. |
■ | Investors (except investors in individual retirement accounts (IRAs)) on commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Z shares within such platform. |
■ | Any current employee of Columbia Management Investment Advisers LLC, the Distributor or the Transfer Agent and immediate family members of any of the foregoing who share the same address are eligible to invest in Class Z shares (other than individual retirement accounts (IRAs), for which the minimum initial investment is $1,000). If you maintain your account with a financial intermediary, you must contact that financial intermediary each time you seek to purchase shares to notify them that you qualify for Class Z shares. If Class Z shares are not available at your financial intermediary, you may consider opening a Direct-at-Fund account. It is your obligation to advise your financial intermediary or (in the case of Direct-at-Fund Accounts) the Transfer Agent that you qualify for Class Z shares; be prepared to provide proof thereof. |
■ | Certain financial institutions and intermediaries, such as insurance companies, trust companies, banks, endowments, investment companies or foundations, buying shares for their own account, including Ameriprise Financial and its affiliates and/or subsidiaries. |
■ | Bank trust departments that assess their clients an asset-based fee. |
■ | Certain other investors as set forth in more detail in the SAI. |
108 | Prospectus 2017 |
■ | Once the Transfer Agent or your financial intermediary receives your purchase order in “good form,” your purchase will be made at the Fund’s next calculated public offering price per share, which is the NAV per share plus any sales charge that applies. |
■ | You generally buy Class A, Class T and Class V shares at the public offering price per share because purchases of these share classes are generally subject to a front-end sales charge. |
■ | You buy Class C, Class K, Class R, Class R4, Class R5, Class Y and Class Z shares at NAV per share because no front-end sales charge applies to purchases of these share classes. |
■ | The Distributor and the Transfer Agent reserve the right to cancel your order if the Fund does not receive payment within three business days of receiving your purchase order. The Fund will return any payment received for orders that have been cancelled, but no interest will be paid on that money. |
■ | Financial intermediaries are responsible for sending your purchase orders to the Transfer Agent and ensuring that the Fund receives your money on time. |
■ | Shares purchased are recorded on the books of the Fund. The Fund does not issue certificates. |
Prospectus 2017 | 109 |
110 | Prospectus 2017 |
■ | Once the Transfer Agent or your financial intermediary receives your redemption order in “good form,” your shares will be sold at the Fund’s next calculated NAV per share. Any applicable CDSC will be deducted from the amount you're selling and the balance will be remitted to you. |
■ | If you sell your shares that are held in a Direct-at-Fund Account, we will normally send the redemption proceeds by mail or electronically transfer them to your bank account within three business days after the Transfer Agent or your financial intermediary receives your order in “good form.” |
■ | If you sell your shares through a financial intermediary, the Funds will normally send the redemption proceeds by Fedwire within three business days after the Transfer Agent or your financial intermediary receives your order in “good form.” |
■ | No interest will be paid on uncashed redemption checks. |
■ | Other restrictions may apply to retirement accounts. For information about these restrictions, contact your retirement plan administrator. |
■ | For broker-dealer and wrap fee accounts: The Fund reserves the right to redeem your shares if your account falls below the Fund's minimum initial investment requirement. The Fund will notify your broker-dealer prior to redeeming shares, and will provide details on how to avoid such redemption. |
■ | Also keep in mind the Funds' Small Account Policy, which is described above in Buying, Selling and Exchanging Shares — Transaction Rules and Policies. |
Prospectus 2017 | 111 |
■ | Exchanges are made at the NAV next calculated (plus any applicable sales charge) after your exchange order is received in “good form.” |
■ | Once the Fund receives your exchange request, you cannot cancel it after the market closes. |
■ | The rules for buying shares of a Fund generally apply to exchanges into that Fund, including, if your exchange creates a new Fund account, it must satisfy the minimum investment amount, unless a waiver applies. |
■ | Shares of the purchased Fund may not be used on the same day for another exchange or sale. |
■ | If you exchange shares from Class A shares of Columbia Government Money Market Fund to a non-money market Fund, any further exchanges must be between shares of the same class. For example, if you exchange from Class A shares of Columbia Government Money Market Fund into Class C shares of a non-money market Fund, you may not exchange from Class C shares of that non-money market Fund back to Class A shares of Columbia Government Money Market Fund or Class A shares of any other Fund. |
■ | A sales charge may apply when you exchange shares of a Fund that were not assessed a sales charge at the time you purchased such shares. For example, if you invest in Columbia Government Money Market Fund (or any other Fund that does not impose a front end sales charge) and then you exchange into a non-money market Fund, your transaction is subject to a front-end sales charge if you exchange into Class A shares and to a CDSC if you exchange into Class C shares of the Funds. |
■ | If you purchased Class A shares of a non-money market Fund (and paid any applicable sales charge) and you then exchange those shares into Columbia Government Money Market Fund, you may exchange that amount to Class A of another Fund, including dividends earned on that amount, without paying a sales charge. |
■ | If your shares are subject to a CDSC, you will not be charged a CDSC upon the exchange of those shares. Any CDSC will be deducted when you sell the shares you received from the exchange. The CDSC imposed at that time will be based on the period that begins when you bought shares of the original Fund and ends when you sell the shares of the Fund you received from the exchange. Any applicable CDSC charged will be the CDSC of the original Fund. |
■ | You may make exchanges only into a Fund that is legally offered and sold in your state of residence. Contact the Transfer Agent or your financial intermediary for more information. |
■ | You generally may make an exchange only into a Fund that is accepting investments. |
■ | The Fund may change or cancel your right to make an exchange by giving the amount of notice required by regulatory authorities (generally 60 days for a material change or cancellation). |
■ | Unless your account is part of a tax-advantaged arrangement, an exchange for shares of another Fund is a taxable event, and you may recognize a gain or loss for tax purposes. |
■ | Changing your investment to a different Fund will be treated as a sale and purchase, and you will be subject to applicable taxes on the sale and sales charges on the purchase of the new Fund. |
112 | Prospectus 2017 |
■ | Class Z shares of a Fund may be exchanged for Class A or Class Z shares of another Fund. In certain circumstances, the front-end sales charge applicable to Class A shares may be waived on exchanges of Class Z shares for Class A shares. See Buying, Selling and Exchanging Shares — Buying Shares — Eligible Investors — Class Z Shares for details. |
■ | You may generally exchange Class V shares of a Fund for Class A shares of another Fund if the other Fund does not offer Class V shares. Class V shares exchanged into Class A shares cannot be exchanged back into Class V shares. |
■ | Former CFIT Shareholders may not exchange Class Y shares of a Fund into Class Y shares of another Fund. |
Prospectus 2017 | 113 |
■ | It can earn income on its investments. Examples of fund income are interest paid on money market instruments and bonds, and dividends paid on common stocks. |
■ | A mutual fund can also have capital gains if the value of its investments increases. While a fund continues to hold an investment, any gain is generally unrealized. If the fund sells an investment, it generally will realize a capital gain if it sells that investment for a higher price than its adjusted cost basis, and will generally realize a capital loss if it sells that investment for a lower price than its adjusted cost basis. Capital gains and losses are either short-term or long-term, depending on whether the fund holds the securities for one year or less (short-term) or more than one year (long-term). |
Declaration and Distribution Schedule | |
Declarations | Quarterly |
Distributions | Quarterly |
Declaration and Distribution Schedule | |
Declarations | Annually |
Distributions | Annually |
114 | Prospectus 2017 |
■ | The Fund intends to qualify and to be eligible for treatment each year as a regulated investment company. A regulated investment company generally is not subject to tax at the fund level on income and gains from investments that are distributed to shareholders. However, the Fund's failure to qualify for treatment as a regulated investment company would result in Fund-level taxation, and consequently, a reduction in income available for distribution to you and in the NAV of your shares. Even if the Fund qualifies for treatment as a regulated investment company, the Fund may be subject to federal excise tax on certain undistributed income or gains. |
■ | Otherwise taxable distributions generally are taxable to you when paid, whether they are paid in cash or automatically reinvested in additional Fund shares. Dividends paid in January are deemed paid on December 31 of the prior year if the dividend was declared and payable to shareholders of record in October, November, or December of such prior year. |
■ | Distributions of the Fund's ordinary income and net short-term capital gain, if any, generally are taxable to you as ordinary income. Distributions of the Fund's net long-term capital gain, if any, generally are taxable to you as long-term capital gain. Whether capital gains are long-term or short-term is determined by how long the Fund has owned the investments that generated them, rather than how long you have owned your shares. For taxable fixed income Funds: The Fund expects that distributions will consist primarily of ordinary income. |
■ | From time to time, a distribution from the Fund could constitute a return of capital, which is not taxable to you so long as the amount of the distribution does not exceed your tax basis in your Fund shares. A return of capital reduces your tax basis in your Fund shares, with any amounts exceeding such basis generally taxable as capital gain. |
■ | If you are an individual and you meet certain holding period and other requirements for your Fund shares, a portion of your distributions may be treated as “qualified dividend income” taxable at the lower net long-term capital gain rates instead of the higher ordinary income rates. Qualified dividend income is income attributable to the Fund's dividends received from certain U.S. and foreign corporations, as long as the Fund meets certain holding period and other requirements for the stock producing such dividends. The Fund does not expect a significant portion of Fund distributions to be eligible for treatment as qualified dividend income. |
■ | Certain high-income individuals (as well as estates and trusts) are subject to a 3.8% tax on net investment income. For individuals, the 3.8% tax applies to the lesser of (1) the amount (if any) by which the taxpayer's modified adjusted gross income exceeds certain threshold amounts or (2) the taxpayer's “net investment income.” |
Net investment income generally includes for this purpose dividends, including any capital gain dividends, paid by the Fund, and net gains recognized on the sale, redemption or exchange of shares of the Fund. |
■ | Certain derivative instruments when held in the Fund's portfolio subject the Fund to special tax rules, the effect of which may be to, among other things, accelerate income to the Fund, defer Fund losses, cause adjustments in the |
Prospectus 2017 | 115 |
holding periods of Fund portfolio securities, or convert capital gains into ordinary income, short-term capital losses into long-term capital losses or long-term capital gains into short-term capital gains. These rules could therefore affect the amount, timing and/or character of distributions to shareholders. |
■ | Generally, a Fund realizes a capital gain or loss on an option when the option expires, or when it is exercised, sold or otherwise terminated. However, if an option is a “section 1256 contract,” which includes most traded options on a broad-based index, and the Fund holds such option at the end of its taxable year, the Fund is deemed to sell such option at fair market value at such time and recognize any gain or loss thereon, which is generally deemed to be 60% long-term and 40% short-term gain or loss, as described further in the SAI. |
■ | Income and proceeds received by the Fund from sources within foreign countries may be subject to foreign taxes. If at the end of the taxable year more than 50% of the value of the Fund's assets consists of securities of foreign corporations, and the Fund makes a special election, you will generally be required to include in your income for U.S. federal income tax purposes your share of the qualifying foreign income taxes paid by the Fund in respect of its foreign portfolio securities. You may be able to claim a foreign tax credit or deduction in respect of this amount, subject to certain limitations. There is no assurance that the Fund will make this election for a taxable year, even if it is eligible to do so. For a Fund organized as a fund of funds: The Fund may also be eligible to make this special election, regardless of the overall share of the value of its assets that is invested in the securities of foreign corporations, if, at the close of each quarter of the Fund’s taxable year, at least 50% of its total assets consist of interests in underlying regulated investment companies. |
■ | It is possible that because most of the Fund's investments are shares of Underlying Funds, and in such a case, the tax treatment of the Fund's gains, losses, and distributions may differ from the tax treatment that would apply if either the Fund invested directly in the types of securities held by the Underlying Funds or the Fund shareholders invested directly in the Underlying Funds. As a result, you may receive taxable distributions earlier and recognize higher amounts of capital gain or ordinary income than you otherwise would. |
■ | A sale, redemption or exchange of Fund shares is a taxable event. This includes redemptions where you are paid in securities. Your sales, redemptions and exchanges of Fund shares (including those paid in securities) usually will result in a taxable capital gain or loss to you, equal to the difference between the amount you receive for your shares (or are deemed to have received in the case of exchanges) and your adjusted tax basis in the shares, which is generally the amount you paid (or are deemed to have paid in the case of exchanges) for them. Any such capital gain or loss generally will be long-term capital gain or loss if you have held your Fund shares for more than one year at the time of sale or exchange. In certain circumstances, capital losses may be converted from short-term to long-term; in other circumstances, capital losses may be disallowed under the “wash sale” rules. |
■ | For sales, redemptions and exchanges of shares that were acquired in a non-qualified account after 2011, the Fund generally is required to report to shareholders and the Internal Revenue Service (IRS) cost basis information with respect to those shares. The Fund uses average cost basis as its default method of calculating cost basis. For more information regarding average cost basis reporting, other available cost basis methods, and selecting or changing to a different cost basis method, please see the SAI, columbiathreadneedle.com/us, or contact the Fund at 800.345.6611. If you hold Fund shares through a financial intermediary (e.g., a brokerage firm), you should contact your financial intermediary to learn about its cost basis reporting default method and the reporting elections available to your account. |
■ | The Fund is required by federal law to withhold tax on any taxable or tax-exempt distributions and redemption proceeds paid to you (including amounts paid to you in securities and amounts deemed to be paid to you upon an exchange of shares) if: you have not provided a correct TIN or have not certified to the Fund that withholding does not apply, the IRS has notified us that the TIN listed on your account is incorrect according to its records, or the IRS informs the Fund that you are otherwise subject to backup withholding. |
116 | Prospectus 2017 |
Prospectus 2017 | 117 |
Prospectus 2017 | 119 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class A | ||||||
1/31/2017 | $9.45 | 0.15 | 0.48 | 0.63 | (0.15) | (0.09) |
1/31/2016 | $10.10 | 0.18 | (0.46) | (0.28) | (0.19) | (0.18) |
1/31/2015 | $10.34 | 0.18 | 0.35 | 0.53 | (0.19) | (0.58) |
1/31/2014 | $10.63 | 0.20 | 0.14 | 0.34 | (0.27) | (0.36) |
1/31/2013 | $10.32 | 0.24 | 0.54 | 0.78 | (0.35) | (0.12) |
Class B | ||||||
1/31/2017 | $9.42 | 0.07 | 0.48 | 0.55 | (0.07) | (0.09) |
1/31/2016 | $10.07 | 0.10 | (0.45) | (0.35) | (0.12) | (0.18) |
1/31/2015 | $10.31 | 0.09 | 0.37 | 0.46 | (0.12) | (0.58) |
1/31/2014 | $10.60 | 0.11 | 0.15 | 0.26 | (0.19) | (0.36) |
1/31/2013 | $10.29 | 0.15 | 0.54 | 0.69 | (0.26) | (0.12) |
Class C | ||||||
1/31/2017 | $9.40 | 0.07 | 0.47 | 0.54 | (0.07) | (0.09) |
1/31/2016 | $10.05 | 0.11 | (0.46) | (0.35) | (0.12) | (0.18) |
1/31/2015 | $10.28 | 0.10 | 0.37 | 0.47 | (0.12) | (0.58) |
1/31/2014 | $10.58 | 0.12 | 0.13 | 0.25 | (0.19) | (0.36) |
1/31/2013 | $10.28 | 0.16 | 0.53 | 0.69 | (0.27) | (0.12) |
Class K | ||||||
1/31/2017 | $9.36 | 0.15 | 0.47 | 0.62 | (0.15) | (0.09) |
1/31/2016 | $10.01 | 0.19 | (0.46) | (0.27) | (0.20) | (0.18) |
1/31/2015 | $10.24 | 0.18 | 0.37 | 0.55 | (0.20) | (0.58) |
1/31/2014 | $10.54 | 0.23 | 0.12 | 0.35 | (0.29) | (0.36) |
1/31/2013 | $10.25 | 0.24 | 0.53 | 0.77 | (0.36) | (0.12) |
Class R | ||||||
1/31/2017 | $9.45 | 0.12 | 0.48 | 0.60 | (0.12) | (0.09) |
1/31/2016 | $10.10 | 0.17 | (0.47) | (0.30) | (0.17) | (0.18) |
1/31/2015 | $10.33 | 0.15 | 0.37 | 0.52 | (0.17) | (0.58) |
1/31/2014 | $10.63 | 0.20 | 0.11 | 0.31 | (0.25) | (0.36) |
1/31/2013 | $10.32 | 0.25 | 0.50 | 0.75 | (0.32) | (0.12) |
120 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.24) | $9.84 | 6.67% | 0.55% | 0.55% | 1.51% | 24% | $213,725 |
(0.37) | $9.45 | (2.81%) | 0.52% | 0.52% (c) | 1.83% | 24% | $216,423 |
(0.77) | $10.10 | 5.24% | 0.55% | 0.55% (c) | 1.69% | 12% | $245,212 |
(0.63) | $10.34 | 3.28% | 0.50% | 0.50% (c) | 1.91% | 22% | $263,334 |
(0.47) | $10.63 | 7.62% | 0.48% | 0.48% (c) | 2.28% | 19% | $282,382 |
(0.16) | $9.81 | 5.90% | 1.30% | 1.30% | 0.74% | 24% | $1,608 |
(0.30) | $9.42 | (3.55%) | 1.27% | 1.27% (c) | 0.98% | 24% | $3,364 |
(0.70) | $10.07 | 4.46% | 1.30% | 1.30% (c) | 0.90% | 12% | $7,759 |
(0.55) | $10.31 | 2.51% | 1.25% | 1.25% (c) | 1.07% | 22% | $12,454 |
(0.38) | $10.60 | 6.79% | 1.23% | 1.23% (c) | 1.47% | 19% | $19,598 |
(0.16) | $9.78 | 5.80% | 1.30% | 1.30% | 0.76% | 24% | $42,286 |
(0.30) | $9.40 | (3.56%) | 1.27% | 1.27% (c) | 1.08% | 24% | $43,719 |
(0.70) | $10.05 | 4.57% | 1.30% | 1.30% (c) | 0.95% | 12% | $47,899 |
(0.55) | $10.28 | 2.43% | 1.26% | 1.26% (c) | 1.18% | 22% | $47,435 |
(0.39) | $10.58 | 6.75% | 1.23% | 1.23% (c) | 1.54% | 19% | $45,368 |
(0.24) | $9.74 | 6.70% | 0.49% | 0.49% | 1.58% | 24% | $101 |
(0.38) | $9.36 | (2.76%) | 0.46% | 0.46% | 1.91% | 24% | $94 |
(0.78) | $10.01 | 5.48% | 0.47% | 0.47% | 1.79% | 12% | $96 |
(0.65) | $10.24 | 3.35% | 0.41% | 0.41% | 2.16% | 22% | $99 |
(0.48) | $10.54 | 7.62% | 0.39% | 0.39% | 2.27% | 19% | $12 |
(0.21) | $9.84 | 6.41% | 0.80% | 0.80% | 1.19% | 24% | $355 |
(0.35) | $9.45 | (3.05%) | 0.77% | 0.77% (c) | 1.72% | 24% | $490 |
(0.75) | $10.10 | 5.07% | 0.80% | 0.80% (c) | 1.46% | 12% | $206 |
(0.61) | $10.33 | 2.94% | 0.76% | 0.76% (c) | 1.91% | 22% | $179 |
(0.44) | $10.63 | 7.39% | 0.72% | 0.72% (c) | 2.36% | 19% | $114 |
Prospectus 2017 | 121 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class R4 | ||||||
1/31/2017 | $9.39 | 0.17 | 0.48 | 0.65 | (0.17) | (0.09) |
1/31/2016 | $10.04 | 0.20 | (0.45) | (0.25) | (0.22) | (0.18) |
1/31/2015 | $10.29 | 0.25 | 0.30 | 0.55 | (0.22) | (0.58) |
1/31/2014 (d) | $10.53 | 0.18 | 0.09 | 0.27 | (0.26) | (0.25) |
Class R5 | ||||||
1/31/2017 | $9.39 | 0.18 | 0.48 | 0.66 | (0.18) | (0.09) |
1/31/2016 | $10.05 | 0.25 | (0.50) | (0.25) | (0.23) | (0.18) |
1/31/2015 | $10.29 | 0.17 | 0.40 | 0.57 | (0.23) | (0.58) |
1/31/2014 (f) | $10.53 | 0.18 | 0.09 | 0.27 | (0.26) | (0.25) |
Class Y | ||||||
1/31/2017 | $9.39 | 0.18 | 0.47 | 0.65 | (0.18) | (0.09) |
1/31/2016 | $10.04 | 0.20 | (0.43) | (0.23) | (0.24) | (0.18) |
1/31/2015 | $10.29 | 0.20 | 0.36 | 0.56 | (0.23) | (0.58) |
1/31/2014 (g) | $10.53 | 0.19 | 0.09 | 0.28 | (0.27) | (0.25) |
Class Z | ||||||
1/31/2017 | $9.45 | 0.18 | 0.47 | 0.65 | (0.17) | (0.09) |
1/31/2016 | $10.10 | 0.21 | (0.46) | (0.25) | (0.22) | (0.18) |
1/31/2015 | $10.33 | 0.20 | 0.37 | 0.57 | (0.22) | (0.58) |
1/31/2014 | $10.63 | 0.24 | 0.12 | 0.36 | (0.30) | (0.36) |
1/31/2013 | $10.32 | 0.30 | 0.51 | 0.81 | (0.38) | (0.12) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Class R4 shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
(e) | Annualized. |
(f) | Class R5 shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
(g) | Class Y shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
122 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.26) | $9.78 | 6.98% | 0.31% | 0.31% | 1.76% | 24% | $903 |
(0.40) | $9.39 | (2.57%) | 0.27% | 0.27% (c) | 2.06% | 24% | $145 |
(0.80) | $10.04 | 5.41% | 0.31% | 0.31% (c) | 2.44% | 12% | $156 |
(0.51) | $10.29 | 2.56% | 0.23% (e) | 0.23% (c), (e) | 2.67% (e) | 22% | $2 |
(0.27) | $9.78 | 7.05% | 0.24% | 0.24% | 1.84% | 24% | $417 |
(0.41) | $9.39 | (2.60%) | 0.21% | 0.21% | 2.66% | 24% | $322 |
(0.81) | $10.05 | 5.60% | 0.25% | 0.25% | 1.80% | 12% | $61 |
(0.51) | $10.29 | 2.64% | 0.12% (e) | 0.12% (e) | 2.78% (e) | 22% | $2 |
(0.27) | $9.77 | 6.99% | 0.20% | 0.20% | 1.86% | 24% | $595 |
(0.42) | $9.39 | (2.37%) | 0.15% | 0.15% | 2.13% | 24% | $166 |
(0.81) | $10.04 | 5.55% | 0.17% | 0.17% | 2.08% | 12% | $2 |
(0.52) | $10.29 | 2.68% | 0.07% (e) | 0.07% (e) | 2.83% (e) | 22% | $2 |
(0.26) | $9.84 | 6.94% | 0.30% | 0.30% | 1.79% | 24% | $3,974 |
(0.40) | $9.45 | (2.56%) | 0.27% | 0.27% (c) | 2.09% | 24% | $3,046 |
(0.80) | $10.10 | 5.60% | 0.30% | 0.30% (c) | 1.96% | 12% | $3,067 |
(0.66) | $10.33 | 3.42% | 0.26% | 0.26% (c) | 2.26% | 22% | $2,719 |
(0.50) | $10.63 | 7.91% | 0.22% | 0.22% (c) | 2.80% | 19% | $700 |
Prospectus 2017 | 123 |
Prospectus 2017 | 125 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class A | ||||||
1/31/2017 | $10.14 | 0.17 | 0.68 | 0.85 | (0.16) | (0.21) |
1/31/2016 | $10.98 | 0.20 | (0.49) | (0.29) | (0.22) | (0.33) |
1/31/2015 | $11.37 | 0.19 | 0.51 | 0.70 | (0.23) | (0.86) |
1/31/2014 | $11.33 | 0.25 | 0.44 | 0.69 | (0.33) | (0.32) |
1/31/2013 | $10.96 | 0.25 | 0.71 | 0.96 | (0.32) | (0.27) |
Class B | ||||||
1/31/2017 | $10.08 | 0.08 | 0.68 | 0.76 | (0.08) | (0.21) |
1/31/2016 | $10.92 | 0.11 | (0.48) | (0.37) | (0.14) | (0.33) |
1/31/2015 | $11.31 | 0.10 | 0.51 | 0.61 | (0.14) | (0.86) |
1/31/2014 | $11.28 | 0.15 | 0.45 | 0.60 | (0.25) | (0.32) |
1/31/2013 | $10.91 | 0.15 | 0.73 | 0.88 | (0.24) | (0.27) |
Class C | ||||||
1/31/2017 | $10.00 | 0.09 | 0.67 | 0.76 | (0.08) | (0.21) |
1/31/2016 | $10.84 | 0.12 | (0.49) | (0.37) | (0.14) | (0.33) |
1/31/2015 | $11.23 | 0.11 | 0.50 | 0.61 | (0.14) | (0.86) |
1/31/2014 | $11.20 | 0.16 | 0.44 | 0.60 | (0.25) | (0.32) |
1/31/2013 | $10.84 | 0.16 | 0.71 | 0.87 | (0.24) | (0.27) |
Class K | ||||||
1/31/2017 | $9.99 | 0.18 | 0.67 | 0.85 | (0.17) | (0.21) |
1/31/2016 | $10.82 | 0.21 | (0.48) | (0.27) | (0.23) | (0.33) |
1/31/2015 | $11.22 | 0.18 | 0.52 | 0.70 | (0.24) | (0.86) |
1/31/2014 (d) | $11.25 | 0.32 | 0.32 | 0.64 | (0.35) | (0.32) |
Class R | ||||||
1/31/2017 | $10.16 | 0.14 | 0.67 | 0.81 | (0.13) | (0.21) |
1/31/2016 | $10.99 | 0.21 | (0.52) | (0.31) | (0.19) | (0.33) |
1/31/2015 | $11.38 | 0.17 | 0.50 | 0.67 | (0.20) | (0.86) |
1/31/2014 | $11.34 | 0.21 | 0.45 | 0.66 | (0.30) | (0.32) |
1/31/2013 | $10.96 | 0.23 | 0.72 | 0.95 | (0.30) | (0.27) |
Class R4 | ||||||
1/31/2017 | $10.06 | 0.24 | 0.62 | 0.86 | (0.18) | (0.21) |
1/31/2016 | $10.89 | 0.23 | (0.48) | (0.25) | (0.25) | (0.33) |
1/31/2015 | $11.29 | 0.24 | 0.48 | 0.72 | (0.26) | (0.86) |
1/31/2014 | $11.25 | 0.27 | 0.46 | 0.73 | (0.37) | (0.32) |
1/31/2013 (f) | $11.30 | 0.09 | 0.26 | 0.35 | (0.17) | (0.23) |
126 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.37) | $10.62 | 8.47% | 0.49% | 0.49% (c) | 1.57% | 18% | $494,948 |
(0.55) | $10.14 | (2.78%) | 0.48% | 0.48% (c) | 1.86% | 21% | $495,849 |
(1.09) | $10.98 | 6.23% | 0.51% | 0.51% (c) | 1.70% | 14% | $545,696 |
(0.65) | $11.37 | 6.18% | 0.47% | 0.47% (c) | 2.15% | 30% | $553,593 |
(0.59) | $11.33 | 8.94% | 0.70% | 0.57% (c) | 2.19% | 38% | $71,321 |
(0.29) | $10.55 | 7.61% | 1.23% | 1.23% (c) | 0.74% | 18% | $3,971 |
(0.47) | $10.08 | (3.53%) | 1.23% | 1.23% (c) | 0.98% | 21% | $7,912 |
(1.00) | $10.92 | 5.46% | 1.26% | 1.26% (c) | 0.88% | 14% | $17,080 |
(0.57) | $11.31 | 5.32% | 1.22% | 1.22% (c) | 1.30% | 30% | $27,184 |
(0.51) | $11.28 | 8.17% | 1.44% | 1.32% (c) | 1.36% | 38% | $8,335 |
(0.29) | $10.47 | 7.67% | 1.24% | 1.24% (c) | 0.83% | 18% | $87,493 |
(0.47) | $10.00 | (3.56%) | 1.23% | 1.23% (c) | 1.12% | 21% | $85,097 |
(1.00) | $10.84 | 5.50% | 1.26% | 1.26% (c) | 0.96% | 14% | $90,199 |
(0.57) | $11.23 | 5.35% | 1.23% | 1.23% (c) | 1.38% | 30% | $85,756 |
(0.51) | $11.20 | 8.13% | 1.45% | 1.32% (c) | 1.44% | 38% | $23,470 |
(0.38) | $10.46 | 8.59% | 0.43% | 0.43% | 1.71% | 18% | $58 |
(0.56) | $9.99 | (2.65%) | 0.41% | 0.41% | 1.92% | 21% | $3 |
(1.10) | $10.82 | 6.31% | 0.41% | 0.41% | 1.53% | 14% | $3 |
(0.67) | $11.22 | 5.72% | 0.38% (e) | 0.38% (e) | 3.10% (e) | 30% | $56 |
(0.34) | $10.63 | 8.09% | 0.73% | 0.73% (c) | 1.30% | 18% | $2,549 |
(0.52) | $10.16 | (2.93%) | 0.73% | 0.73% (c) | 1.92% | 21% | $5,007 |
(1.06) | $10.99 | 5.95% | 0.76% | 0.76% (c) | 1.46% | 14% | $2,230 |
(0.62) | $11.38 | 5.87% | 0.74% | 0.74% (c) | 1.85% | 30% | $2,243 |
(0.57) | $11.34 | 8.76% | 0.96% | 0.81% (c) | 2.04% | 38% | $2,148 |
(0.39) | $10.53 | 8.71% | 0.24% | 0.24% (c) | 2.28% | 18% | $2,705 |
(0.58) | $10.06 | (2.46%) | 0.23% | 0.23% (c) | 2.15% | 21% | $1,082 |
(1.12) | $10.89 | 6.44% | 0.26% | 0.26% (c) | 2.19% | 14% | $966 |
(0.69) | $11.29 | 6.52% | 0.19% | 0.19% (c) | 2.36% | 30% | $2 |
(0.40) | $11.25 | 3.11% | 0.51% (e) | 0.37% (e) | 3.68% (e) | 38% | $2 |
Prospectus 2017 | 127 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class R5 | ||||||
1/31/2017 | $10.05 | 0.20 | 0.67 | 0.87 | (0.19) | (0.21) |
1/31/2016 | $10.89 | 0.30 | (0.55) | (0.25) | (0.26) | (0.33) |
1/31/2015 | $11.28 | 0.26 | 0.48 | 0.74 | (0.27) | (0.86) |
1/31/2014 | $11.25 | 0.38 | 0.35 | 0.73 | (0.38) | (0.32) |
1/31/2013 (g) | $11.30 | 0.10 | 0.25 | 0.35 | (0.17) | (0.23) |
Class Y | ||||||
1/31/2017 | $9.94 | 0.19 | 0.67 | 0.86 | (0.19) | (0.21) |
1/31/2016 | $10.77 | 0.26 | (0.50) | (0.24) | (0.26) | (0.33) |
1/31/2015 | $11.18 | 0.25 | 0.48 | 0.73 | (0.28) | (0.86) |
1/31/2014 (h) | $11.32 | 0.22 | 0.28 | 0.50 | (0.32) | (0.32) |
Class Z | ||||||
1/31/2017 | $10.01 | 0.19 | 0.67 | 0.86 | (0.18) | (0.21) |
1/31/2016 | $10.85 | 0.23 | (0.49) | (0.26) | (0.25) | (0.33) |
1/31/2015 | $11.25 | 0.22 | 0.50 | 0.72 | (0.26) | (0.86) |
1/31/2014 | $11.21 | 0.28 | 0.44 | 0.72 | (0.36) | (0.32) |
1/31/2013 | $10.85 | 0.27 | 0.71 | 0.98 | (0.35) | (0.27) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Class K shares commenced operations on February 28, 2013. Per share data and total return reflect activity from that date. |
(e) | Annualized. |
(f) | Class R4 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(g) | Class R5 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(h) | Class Y shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
128 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.40) | $10.52 | 8.78% | 0.18% | 0.18% | 1.93% | 18% | $2,084 |
(0.59) | $10.05 | (2.48%) | 0.16% | 0.16% | 2.89% | 21% | $686 |
(1.13) | $10.89 | 6.63% | 0.18% | 0.18% | 2.33% | 14% | $217 |
(0.70) | $11.28 | 6.53% | 0.13% | 0.13% | 3.35% | 30% | $74 |
(0.40) | $11.25 | 3.13% | 0.41% (e) | 0.29% (e) | 3.77% (e) | 38% | $2 |
(0.40) | $10.40 | 8.84% | 0.13% | 0.13% | 1.83% | 18% | $409 |
(0.59) | $9.94 | (2.38%) | 0.12% | 0.12% | 2.48% | 21% | $10 |
(1.14) | $10.77 | 6.66% | 0.09% | 0.09% | 2.24% | 14% | $4 |
(0.64) | $11.18 | 4.51% | 0.08% (e) | 0.08% (e) | 3.02% (e) | 30% | $2 |
(0.39) | $10.48 | 8.75% | 0.24% | 0.24% (c) | 1.78% | 18% | $20,476 |
(0.58) | $10.01 | (2.56%) | 0.23% | 0.23% (c) | 2.11% | 21% | $24,108 |
(1.12) | $10.85 | 6.47% | 0.26% | 0.26% (c) | 1.97% | 14% | $26,084 |
(0.68) | $11.25 | 6.49% | 0.24% | 0.24% (c) | 2.46% | 30% | $25,287 |
(0.62) | $11.21 | 9.22% | 0.45% | 0.32% (c) | 2.45% | 38% | $20,710 |
Prospectus 2017 | 129 |
Prospectus 2017 | 131 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class A | ||||||
1/31/2017 | $10.34 | 0.18 | 0.95 | 1.13 | (0.21) | (0.27) |
1/31/2016 | $11.50 | 0.19 | (0.49) | (0.30) | (0.22) | (0.64) |
1/31/2015 | $12.00 | 0.18 | 0.63 | 0.81 | (0.24) | (1.07) |
1/31/2014 | $11.61 | 0.20 | 0.86 | 1.06 | (0.31) | (0.36) |
1/31/2013 | $10.75 | 0.22 | 0.93 | 1.15 | (0.29) | — |
Class B | ||||||
1/31/2017 | $10.29 | 0.08 | 0.96 | 1.04 | (0.13) | (0.27) |
1/31/2016 | $11.44 | 0.09 | (0.46) | (0.37) | (0.14) | (0.64) |
1/31/2015 | $11.94 | 0.08 | 0.64 | 0.72 | (0.15) | (1.07) |
1/31/2014 | $11.55 | 0.10 | 0.87 | 0.97 | (0.22) | (0.36) |
1/31/2013 | $10.70 | 0.13 | 0.93 | 1.06 | (0.21) | — |
Class C | ||||||
1/31/2017 | $10.27 | 0.10 | 0.94 | 1.04 | (0.13) | (0.27) |
1/31/2016 | $11.41 | 0.11 | (0.47) | (0.36) | (0.14) | (0.64) |
1/31/2015 | $11.92 | 0.09 | 0.62 | 0.71 | (0.15) | (1.07) |
1/31/2014 | $11.53 | 0.11 | 0.86 | 0.97 | (0.22) | (0.36) |
1/31/2013 | $10.69 | 0.14 | 0.91 | 1.05 | (0.21) | — |
Class K | ||||||
1/31/2017 | $10.33 | 0.15 | 0.99 | 1.14 | (0.22) | (0.27) |
1/31/2016 | $11.49 | 0.20 | (0.49) | (0.29) | (0.23) | (0.64) |
1/31/2015 | $11.99 | 0.19 | 0.63 | 0.82 | (0.25) | (1.07) |
1/31/2014 | $11.60 | 0.21 | 0.86 | 1.07 | (0.32) | (0.36) |
1/31/2013 | $10.74 | 0.21 | 0.95 | 1.16 | (0.30) | — |
Class R | ||||||
1/31/2017 | $10.32 | 0.16 | 0.93 | 1.09 | (0.18) | (0.27) |
1/31/2016 | $11.47 | 0.16 | (0.47) | (0.31) | (0.20) | (0.64) |
1/31/2015 | $11.97 | 0.15 | 0.63 | 0.78 | (0.21) | (1.07) |
1/31/2014 | $11.58 | 0.23 | 0.80 | 1.03 | (0.28) | (0.36) |
1/31/2013 | $10.74 | 0.18 | 0.93 | 1.11 | (0.27) | — |
Class R4 | ||||||
1/31/2017 | $10.24 | 0.21 | 0.93 | 1.14 | (0.24) | (0.27) |
1/31/2016 | $11.39 | 0.28 | (0.54) | (0.26) | (0.25) | (0.64) |
1/31/2015 | $11.90 | 0.26 | 0.57 | 0.83 | (0.27) | (1.07) |
1/31/2014 (d) | $11.82 | 0.18 | 0.53 | 0.71 | (0.27) | (0.36) |
132 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.48) | $10.99 | 11.19% | 0.44% | 0.44% (c) | 1.64% | 10% | $1,309,998 |
(0.86) | $10.34 | (2.89%) | 0.46% | 0.46% (c) | 1.68% | 17% | $1,295,482 |
(1.31) | $11.50 | 6.77% | 0.48% | 0.48% (c) | 1.49% | 16% | $1,437,972 |
(0.67) | $12.00 | 9.26% | 0.46% | 0.46% (c) | 1.64% | 23% | $1,425,904 |
(0.29) | $11.61 | 10.87% | 0.46% | 0.46% (c) | 1.98% | 23% | $1,331,311 |
(0.40) | $10.93 | 10.32% | 1.19% | 1.19% (c) | 0.78% | 10% | $13,398 |
(0.78) | $10.29 | (3.56%) | 1.21% | 1.21% (c) | 0.80% | 17% | $23,991 |
(1.22) | $11.44 | 6.00% | 1.23% | 1.23% (c) | 0.66% | 16% | $47,829 |
(0.58) | $11.94 | 8.47% | 1.21% | 1.21% (c) | 0.81% | 23% | $71,473 |
(0.21) | $11.55 | 9.99% | 1.20% | 1.20% (c) | 1.17% | 23% | $94,225 |
(0.40) | $10.91 | 10.34% | 1.19% | 1.19% (c) | 0.90% | 10% | $186,170 |
(0.78) | $10.27 | (3.48%) | 1.21% | 1.21% (c) | 0.95% | 17% | $178,548 |
(1.22) | $11.41 | 5.92% | 1.23% | 1.23% (c) | 0.77% | 16% | $180,143 |
(0.58) | $11.92 | 8.51% | 1.21% | 1.21% (c) | 0.92% | 23% | $162,357 |
(0.21) | $11.53 | 9.95% | 1.21% | 1.21% (c) | 1.25% | 23% | $132,770 |
(0.49) | $10.98 | 11.26% | 0.39% | 0.39% | 1.43% | 10% | $87 |
(0.87) | $10.33 | (2.83%) | 0.40% | 0.40% | 1.76% | 17% | $291 |
(1.32) | $11.49 | 6.88% | 0.40% | 0.40% | 1.55% | 16% | $292 |
(0.68) | $11.99 | 9.39% | 0.36% | 0.36% | 1.77% | 23% | $359 |
(0.30) | $11.60 | 10.94% | 0.34% | 0.34% | 1.93% | 23% | $298 |
(0.45) | $10.96 | 10.84% | 0.69% | 0.69% (c) | 1.48% | 10% | $2,282 |
(0.84) | $10.32 | (3.06%) | 0.71% | 0.71% (c) | 1.37% | 17% | $1,342 |
(1.28) | $11.47 | 6.52% | 0.73% | 0.73% (c) | 1.29% | 16% | $1,610 |
(0.64) | $11.97 | 9.02% | 0.72% | 0.72% (c) | 1.92% | 23% | $1,147 |
(0.27) | $11.58 | 10.46% | 0.70% | 0.70% (c) | 1.67% | 23% | $138 |
(0.51) | $10.87 | 11.39% | 0.19% | 0.19% (c) | 1.98% | 10% | $355 |
(0.89) | $10.24 | (2.58%) | 0.21% | 0.21% (c) | 2.61% | 17% | $202 |
(1.34) | $11.39 | 7.06% | 0.23% | 0.23% (c) | 2.22% | 16% | $29 |
(0.63) | $11.90 | 6.11% | 0.21% (e) | 0.21% (c), (e) | 2.36% (e) | 23% | $3 |
Prospectus 2017 | 133 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class R5 | ||||||
1/31/2017 | $10.23 | 0.21 | 0.94 | 1.15 | (0.24) | (0.27) |
1/31/2016 | $11.39 | 0.51 | (0.77) | (0.26) | (0.26) | (0.64) |
1/31/2015 | $11.90 | 0.39 | 0.46 | 0.85 | (0.29) | (1.07) |
1/31/2014 (f) | $11.82 | 0.19 | 0.53 | 0.72 | (0.28) | (0.36) |
Class Y | ||||||
1/31/2017 | $10.23 | 0.23 | 0.93 | 1.16 | (0.25) | (0.27) |
1/31/2016 | $11.38 | 0.16 | (0.40) | (0.24) | (0.27) | (0.64) |
1/31/2015 | $11.90 | 0.23 | 0.61 | 0.84 | (0.29) | (1.07) |
1/31/2014 (g) | $11.82 | 0.19 | 0.54 | 0.73 | (0.29) | (0.36) |
Class Z | ||||||
1/31/2017 | $10.33 | 0.22 | 0.94 | 1.16 | (0.24) | (0.27) |
1/31/2016 | $11.49 | 0.22 | (0.49) | (0.27) | (0.25) | (0.64) |
1/31/2015 | $11.99 | 0.21 | 0.63 | 0.84 | (0.27) | (1.07) |
1/31/2014 | $11.59 | 0.23 | 0.87 | 1.10 | (0.34) | (0.36) |
1/31/2013 | $10.75 | 0.28 | 0.88 | 1.16 | (0.32) | — |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the underlying funds in which the Fund invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Class R4 shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
(e) | Annualized. |
(f) | Class R5 shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
(g) | Class Y shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
134 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.51) | $10.87 | 11.55% | 0.14% | 0.14% | 1.94% | 10% | $5,521 |
(0.90) | $10.23 | (2.61%) | 0.15% | 0.15% | 4.80% | 17% | $3,803 |
(1.36) | $11.39 | 7.21% | 0.16% | 0.16% | 3.39% | 16% | $78 |
(0.64) | $11.90 | 6.21% | 0.11% (e) | 0.11% (e) | 2.51% (e) | 23% | $3 |
(0.52) | $10.87 | 11.61% | 0.09% | 0.09% | 2.15% | 10% | $3,459 |
(0.91) | $10.23 | (2.42%) | 0.09% | 0.09% | 1.59% | 17% | $368 |
(1.36) | $11.38 | 7.16% | 0.06% | 0.06% | 1.92% | 16% | $2 |
(0.65) | $11.90 | 6.25% | 0.07% (e) | 0.07% (e) | 2.56% (e) | 23% | $3 |
(0.51) | $10.98 | 11.48% | 0.19% | 0.19% (c) | 2.02% | 10% | $4,598 |
(0.89) | $10.33 | (2.65%) | 0.21% | 0.21% (c) | 1.92% | 17% | $2,443 |
(1.34) | $11.49 | 7.05% | 0.23% | 0.23% (c) | 1.77% | 16% | $2,989 |
(0.70) | $11.99 | 9.65% | 0.21% | 0.21% (c) | 1.90% | 23% | $3,352 |
(0.32) | $11.59 | 10.98% | 0.22% | 0.22% (c) | 2.54% | 23% | $2,544 |
Prospectus 2017 | 135 |
Prospectus 2017 | 137 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class A | ||||||
1/31/2017 | $11.15 | 0.15 | 1.30 | 1.45 | (0.16) | (0.44) |
1/31/2016 | $12.45 | 0.18 | (0.55) | (0.37) | (0.22) | (0.71) |
1/31/2015 | $13.01 | 0.16 | 0.76 | 0.92 | (0.25) | (1.23) |
1/31/2014 | $12.04 | 0.18 | 1.21 | 1.39 | (0.25) | (0.17) |
1/31/2013 | $11.30 | 0.18 | 1.07 | 1.25 | (0.22) | (0.29) |
Class B | ||||||
1/31/2017 | $11.02 | 0.04 | 1.30 | 1.34 | (0.09) | (0.44) |
1/31/2016 | $12.32 | 0.06 | (0.52) | (0.46) | (0.13) | (0.71) |
1/31/2015 | $12.89 | 0.05 | 0.77 | 0.82 | (0.16) | (1.23) |
1/31/2014 | $11.94 | 0.07 | 1.21 | 1.28 | (0.16) | (0.17) |
1/31/2013 | $11.21 | 0.07 | 1.08 | 1.15 | (0.13) | (0.29) |
Class C | ||||||
1/31/2017 | $11.21 | 0.07 | 1.29 | 1.36 | (0.09) | (0.44) |
1/31/2016 | $12.51 | 0.09 | (0.55) | (0.46) | (0.13) | (0.71) |
1/31/2015 | $13.07 | 0.06 | 0.77 | 0.83 | (0.16) | (1.23) |
1/31/2014 | $12.11 | 0.08 | 1.21 | 1.29 | (0.16) | (0.17) |
1/31/2013 | $11.36 | 0.09 | 1.08 | 1.17 | (0.13) | (0.29) |
Class K | ||||||
1/31/2017 | $11.12 | 0.09 | 1.35 | 1.44 | (0.17) | (0.44) |
1/31/2016 | $12.42 | 0.19 | (0.55) | (0.36) | (0.23) | (0.71) |
1/31/2015 | $12.98 | 0.18 | 0.75 | 0.93 | (0.26) | (1.23) |
1/31/2014 (h) | $12.07 | 0.18 | 1.17 | 1.35 | (0.27) | (0.17) |
Class R | ||||||
1/31/2017 | $11.14 | 0.13 | 1.29 | 1.42 | (0.13) | (0.44) |
1/31/2016 | $12.44 | 0.14 | (0.54) | (0.40) | (0.19) | (0.71) |
1/31/2015 | $12.99 | 0.13 | 0.76 | 0.89 | (0.21) | (1.23) |
1/31/2014 | $12.03 | 0.13 | 1.22 | 1.35 | (0.22) | (0.17) |
1/31/2013 | $11.29 | 0.15 | 1.07 | 1.22 | (0.19) | (0.29) |
Class R4 | ||||||
1/31/2017 | $11.23 | 0.19 | 1.30 | 1.49 | (0.18) | (0.44) |
1/31/2016 | $12.54 | 0.21 | (0.56) | (0.35) | (0.25) | (0.71) |
1/31/2015 | $13.08 | 0.53 | 0.44 | 0.97 | (0.28) | (1.23) |
1/31/2014 | $12.11 | 0.18 | 1.25 | 1.43 | (0.29) | (0.17) |
1/31/2013 (l) | $11.71 | 0.11 | 0.65 | 0.76 | (0.14) | (0.22) |
138 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.60) | $12.00 | 13.24% | 0.47% (c) | 0.47% (c), (d) | 1.30% | 9% | $1,671,442 |
(0.93) | $11.15 | (3.42%) | 0.52% | 0.52% (d) | 1.42% | 16% | $1,646,276 |
(1.48) | $12.45 | 7.03% | 0.52% | 0.52% (d) | 1.22% | 20% | $1,815,185 |
(0.42) | $13.01 | 11.67% | 0.50% | 0.50% (d) | 1.38% | 22% | $1,805,239 |
(0.51) | $12.04 | 11.28% | 0.53% | 0.53% (d) | 1.51% | 34% | $679,109 |
(0.53) | $11.83 | 12.39% | 1.23% (e) | 1.23% (d), (e) | 0.38% | 9% | $15,430 |
(0.84) | $11.02 | (4.15%) | 1.27% | 1.27% (d) | 0.53% | 16% | $31,228 |
(1.39) | $12.32 | 6.32% | 1.27% | 1.27% (d) | 0.37% | 20% | $61,673 |
(0.33) | $12.89 | 10.78% | 1.25% | 1.25% (d) | 0.53% | 22% | $92,956 |
(0.42) | $11.94 | 10.45% | 1.27% | 1.27% (d) | 0.65% | 34% | $53,009 |
(0.53) | $12.04 | 12.36% | 1.22% (f) | 1.22% (d), (f) | 0.55% | 9% | $216,271 |
(0.84) | $11.21 | (4.08%) | 1.27% | 1.27% (d) | 0.69% | 16% | $206,181 |
(1.39) | $12.51 | 6.30% | 1.27% | 1.27% (d) | 0.49% | 20% | $213,166 |
(0.33) | $13.07 | 10.71% | 1.25% | 1.25% (d) | 0.63% | 22% | $198,837 |
(0.42) | $12.11 | 10.49% | 1.28% | 1.28% (d) | 0.75% | 34% | $84,349 |
(0.61) | $11.95 | 13.21% | 0.42% (g) | 0.42% (g) | 0.80% | 9% | $2 |
(0.94) | $11.12 | (3.32%) | 0.41% | 0.41% | 1.53% | 16% | $90 |
(1.49) | $12.42 | 7.17% | 0.41% | 0.41% | 1.34% | 20% | $98 |
(0.44) | $12.98 | 11.31% | 0.38% (i) | 0.38% (i) | 1.57% (i) | 22% | $105 |
(0.57) | $11.99 | 12.97% | 0.72% (j) | 0.72% (d), (j) | 1.10% | 9% | $3,743 |
(0.90) | $11.14 | (3.67%) | 0.77% | 0.77% (d) | 1.11% | 16% | $3,556 |
(1.44) | $12.44 | 6.86% | 0.77% | 0.77% (d) | 1.01% | 20% | $4,270 |
(0.39) | $12.99 | 11.31% | 0.75% | 0.75% (d) | 1.02% | 22% | $4,347 |
(0.48) | $12.03 | 11.01% | 0.78% | 0.78% (d) | 1.26% | 34% | $4,664 |
(0.62) | $12.10 | 13.61% | 0.22% (k) | 0.22% (d), (k) | 1.62% | 9% | $2,128 |
(0.96) | $11.23 | (3.23%) | 0.27% | 0.27% (d) | 1.72% | 16% | $1,119 |
(1.51) | $12.54 | 7.41% | 0.29% | 0.29% (d) | 4.16% | 20% | $1,054 |
(0.46) | $13.08 | 11.95% | 0.22% | 0.22% (d) | 1.39% | 22% | $7 |
(0.36) | $12.11 | 6.60% | 0.24% (i) | 0.24% (d), (i) | 3.98% (i) | 34% | $3 |
Prospectus 2017 | 139 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class R5 | ||||||
1/31/2017 | $11.23 | 0.20 | 1.30 | 1.50 | (0.20) | (0.44) |
1/31/2016 | $12.53 | 0.38 | (0.71) | (0.33) | (0.26) | (0.71) |
1/31/2015 | $13.08 | 0.21 | 0.77 | 0.98 | (0.30) | (1.23) |
1/31/2014 | $12.11 | 0.33 | 1.12 | 1.45 | (0.31) | (0.17) |
1/31/2013 (n) | $11.71 | 0.11 | 0.66 | 0.77 | (0.15) | (0.22) |
Class V (o) | ||||||
1/31/2017 | $11.15 | 0.15 | 1.30 | 1.45 | (0.16) | (0.44) |
1/31/2016 | $12.45 | 0.18 | (0.55) | (0.37) | (0.22) | (0.71) |
1/31/2015 | $13.00 | 0.16 | 0.76 | 0.92 | (0.24) | (1.23) |
1/31/2014 | $12.04 | 0.16 | 1.22 | 1.38 | (0.25) | (0.17) |
1/31/2013 | $11.30 | 0.17 | 1.07 | 1.24 | (0.21) | (0.29) |
Class Y | ||||||
1/31/2017 | $11.01 | 0.21 | 1.26 | 1.47 | (0.20) | (0.44) |
1/31/2016 | $12.31 | 0.13 | (0.45) | (0.32) | (0.27) | (0.71) |
1/31/2015 | $12.87 | 0.21 | 0.76 | 0.97 | (0.30) | (1.23) |
1/31/2014 (r) | $12.35 | 0.18 | 0.78 | 0.96 | (0.27) | (0.17) |
140 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.64) | $12.09 | 13.63% | 0.13% (m) | 0.13% (m) | 1.68% | 9% | $5,706 |
(0.97) | $11.23 | (3.05%) | 0.17% | 0.17% | 3.15% | 16% | $3,537 |
(1.53) | $12.53 | 7.46% | 0.16% | 0.16% | 1.62% | 20% | $648 |
(0.48) | $13.08 | 12.07% | 0.18% | 0.18% | 2.56% | 22% | $577 |
(0.37) | $12.11 | 6.64% | 0.12% (i) | 0.12% (i) | 4.10% (i) | 34% | $3 |
(0.60) | $12.00 | 13.24% | 0.47% (p) | 0.47% (d), (p) | 1.30% | 9% | $86,404 |
(0.93) | $11.15 | (3.42%) | 0.52% | 0.52% (d) | 1.42% | 16% | $85,135 |
(1.47) | $12.45 | 7.07% | 0.56% | 0.54% (d) | 1.20% | 20% | $97,408 |
(0.42) | $13.00 | 11.52% | 0.55% | 0.55% (d) | 1.24% | 22% | $101,766 |
(0.50) | $12.04 | 11.23% | 0.58% | 0.58% (d) | 1.46% | 34% | $100,955 |
(0.64) | $11.84 | 13.68% | 0.07% (q) | 0.07% (q) | 1.81% | 9% | $1,128 |
(0.98) | $11.01 | (3.09%) | 0.12% | 0.12% | 1.16% | 16% | $379 |
(1.53) | $12.31 | 7.58% | 0.09% | 0.09% | 1.64% | 20% | $2 |
(0.44) | $12.87 | 7.88% | 0.07% (i) | 0.07% (i) | 2.22% (i) | 22% | $3 |
Prospectus 2017 | 141 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class Z | ||||||
1/31/2017 | $11.13 | 0.18 | 1.29 | 1.47 | (0.18) | (0.44) |
1/31/2016 | $12.44 | 0.21 | (0.56) | (0.35) | (0.25) | (0.71) |
1/31/2015 | $12.99 | 0.19 | 0.77 | 0.96 | (0.28) | (1.23) |
1/31/2014 | $12.03 | 0.19 | 1.23 | 1.42 | (0.29) | (0.17) |
1/31/2013 | $11.29 | 0.20 | 1.08 | 1.28 | (0.25) | (0.29) |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the underlying funds in which the Fund invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.04% for Class A. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(d) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(e) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.03% for Class B. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(f) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.04% for Class C. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(g) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.01% for Class K. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(h) | Class K shares commenced operations on February 28, 2013. Per share data and total return reflect activity from that date. |
(i) | Annualized. |
(j) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.04% for Class R. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(k) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.04% for Class R4. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(l) | Class R4 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(m) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.04% for Class R5. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(n) | Class R5 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(o) | Effective January 24, 2017, Class T shares were renamed Class V shares. |
(p) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.04% for Class V. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(q) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.05% for Class Y. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
(r) | Class Y shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
(s) | Expenses have been reduced due to a reimbursement of expenses overbilled by a third party. If the reimbursement had been excluded, the expense ratios would have been higher by 0.04% for Class Z. All fee waivers and expense reimbursements by the Investment Manager and its affiliates were applied before giving effect to this third party reimbursement. |
142 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.62) | $11.98 | 13.55% | 0.22% (s) | 0.22% (d), (s) | 1.55% | 9% | $119,833 |
(0.96) | $11.13 | (3.26%) | 0.27% | 0.27% (d) | 1.67% | 16% | $113,846 |
(1.51) | $12.44 | 7.40% | 0.27% | 0.27% (d) | 1.47% | 20% | $128,314 |
(0.46) | $12.99 | 11.87% | 0.25% | 0.25% (d) | 1.49% | 22% | $128,234 |
(0.54) | $12.03 | 11.57% | 0.28% | 0.28% (d) | 1.72% | 34% | $147,433 |
Prospectus 2017 | 143 |
Prospectus 2017 | 145 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class A | ||||||
1/31/2017 | $11.08 | 0.13 | 1.49 | 1.62 | (0.14) | (0.45) |
1/31/2016 | $12.54 | 0.15 | (0.57) | (0.42) | (0.19) | (0.85) |
1/31/2015 | $12.82 | 0.12 | 0.86 | 0.98 | (0.30) | (0.96) |
1/31/2014 | $11.41 | 0.12 | 1.53 | 1.65 | (0.24) | — |
1/31/2013 | $10.19 | 0.13 | 1.25 | 1.38 | (0.16) | — |
Class B | ||||||
1/31/2017 | $11.07 | 0.02 | 1.50 | 1.52 | (0.06) | (0.45) |
1/31/2016 | $12.53 | 0.03 | (0.53) | (0.50) | (0.11) | (0.85) |
1/31/2015 | $12.81 | 0.01 | 0.87 | 0.88 | (0.20) | (0.96) |
1/31/2014 | $11.41 | 0.02 | 1.53 | 1.55 | (0.15) | — |
1/31/2013 | $10.17 | 0.04 | 1.26 | 1.30 | (0.06) | — |
Class C | ||||||
1/31/2017 | $10.87 | 0.04 | 1.45 | 1.49 | (0.06) | (0.45) |
1/31/2016 | $12.32 | 0.06 | (0.55) | (0.49) | (0.11) | (0.85) |
1/31/2015 | $12.62 | 0.03 | 0.83 | 0.86 | (0.20) | (0.96) |
1/31/2014 | $11.24 | 0.03 | 1.50 | 1.53 | (0.15) | — |
1/31/2013 | $10.04 | 0.05 | 1.24 | 1.29 | (0.09) | — |
Class K | ||||||
1/31/2017 | $11.11 | 0.14 | 1.48 | 1.62 | (0.14) | (0.45) |
1/31/2016 | $12.56 | 0.16 | (0.56) | (0.40) | (0.20) | (0.85) |
1/31/2015 | $12.84 | 0.10 | 0.89 | 0.99 | (0.31) | (0.96) |
1/31/2014 | $11.43 | 0.14 | 1.52 | 1.66 | (0.25) | — |
1/31/2013 | $10.20 | 0.15 | 1.25 | 1.40 | (0.17) | — |
Class R | ||||||
1/31/2017 | $11.01 | 0.14 | 1.43 | 1.57 | (0.11) | (0.45) |
1/31/2016 | $12.46 | 0.12 | (0.56) | (0.44) | (0.16) | (0.85) |
1/31/2015 | $12.75 | 0.10 | 0.83 | 0.93 | (0.26) | (0.96) |
1/31/2014 | $11.35 | 0.14 | 1.47 | 1.61 | (0.21) | — |
1/31/2013 | $10.16 | 0.11 | 1.24 | 1.35 | (0.16) | — |
Class R4 | ||||||
1/31/2017 | $10.89 | 0.15 | 1.46 | 1.61 | (0.16) | (0.45) |
1/31/2016 | $12.34 | 0.24 | (0.61) | (0.37) | (0.23) | (0.85) |
1/31/2015 | $12.63 | 0.54 | 0.46 | 1.00 | (0.33) | (0.96) |
1/31/2014 (d) | $11.82 | 0.20 | 0.88 | 1.08 | (0.27) | — |
146 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.59) | $12.11 | 14.95% | 0.50% | 0.50% (c) | 1.06% | 12% | $582,182 |
(1.04) | $11.08 | (3.92%) | 0.51% | 0.51% (c) | 1.18% | 12% | $549,678 |
(1.26) | $12.54 | 7.50% | 0.54% | 0.54% (c) | 0.92% | 27% | $577,868 |
(0.24) | $12.82 | 14.41% | 0.52% | 0.52% (c) | 0.98% | 29% | $554,189 |
(0.16) | $11.41 | 13.63% | 0.52% | 0.51% (c) | 1.25% | 21% | $495,722 |
(0.51) | $12.08 | 14.03% | 1.25% | 1.25% (c) | 0.16% | 12% | $6,938 |
(0.96) | $11.07 | (4.60%) | 1.25% | 1.25% (c) | 0.26% | 12% | $11,970 |
(1.16) | $12.53 | 6.72% | 1.28% | 1.28% (c) | 0.04% | 27% | $22,043 |
(0.15) | $12.81 | 13.54% | 1.27% | 1.27% (c) | 0.14% | 29% | $31,473 |
(0.06) | $11.41 | 12.80% | 1.26% | 1.26% (c) | 0.41% | 21% | $39,020 |
(0.51) | $11.85 | 14.01% | 1.25% | 1.25% (c) | 0.33% | 12% | $75,648 |
(0.96) | $10.87 | (4.60%) | 1.25% | 1.25% (c) | 0.46% | 12% | $66,938 |
(1.16) | $12.32 | 6.66% | 1.29% | 1.29% (c) | 0.22% | 27% | $62,488 |
(0.15) | $12.62 | 13.56% | 1.27% | 1.27% (c) | 0.27% | 29% | $50,676 |
(0.09) | $11.24 | 12.86% | 1.27% | 1.26% (c) | 0.52% | 21% | $38,461 |
(0.59) | $12.14 | 14.98% | 0.43% | 0.43% | 1.19% | 12% | $73 |
(1.05) | $11.11 | (3.76%) | 0.43% | 0.43% | 1.25% | 12% | $57 |
(1.27) | $12.56 | 7.60% | 0.43% | 0.43% | 0.72% | 27% | $68 |
(0.25) | $12.84 | 14.52% | 0.40% | 0.40% | 1.13% | 29% | $152 |
(0.17) | $11.43 | 13.84% | 0.37% | 0.37% | 1.37% | 21% | $126 |
(0.56) | $12.02 | 14.61% | 0.75% | 0.75% (c) | 1.22% | 12% | $2,099 |
(1.01) | $11.01 | (4.09%) | 0.76% | 0.76% (c) | 0.97% | 12% | $1,029 |
(1.22) | $12.46 | 7.19% | 0.79% | 0.79% (c) | 0.72% | 27% | $912 |
(0.21) | $12.75 | 14.13% | 0.78% | 0.78% (c) | 1.12% | 29% | $644 |
(0.16) | $11.35 | 13.38% | 0.79% | 0.76% (c) | 1.03% | 21% | $182 |
(0.61) | $11.89 | 15.20% | 0.25% | 0.25% (c) | 1.27% | 12% | $1,242 |
(1.08) | $10.89 | (3.65%) | 0.26% | 0.26% (c) | 1.97% | 12% | $779 |
(1.29) | $12.34 | 7.78% | 0.28% | 0.28% (c) | 4.28% | 27% | $497 |
(0.27) | $12.63 | 9.08% | 0.29% (e) | 0.29% (c), (e) | 2.54% (e) | 29% | $26 |
Prospectus 2017 | 147 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class R5 | ||||||
1/31/2017 | $10.88 | 0.17 | 1.45 | 1.62 | (0.17) | (0.45) |
1/31/2016 | $12.33 | 0.31 | (0.68) | (0.37) | (0.23) | (0.85) |
1/31/2015 | $12.63 | 0.16 | 0.85 | 1.01 | (0.35) | (0.96) |
1/31/2014 (f) | $11.82 | 0.04 | 1.06 | 1.10 | (0.29) | — |
Class Y | ||||||
1/31/2017 | $10.87 | 0.19 | 1.45 | 1.64 | (0.18) | (0.45) |
1/31/2016 | $12.32 | 0.08 | (0.44) | (0.36) | (0.24) | (0.85) |
1/31/2015 | $12.62 | 0.17 | 0.84 | 1.01 | (0.35) | (0.96) |
1/31/2014 (g) | $11.82 | 0.15 | 0.95 | 1.10 | (0.30) | — |
Class Z | ||||||
1/31/2017 | $11.03 | 0.16 | 1.48 | 1.64 | (0.16) | (0.45) |
1/31/2016 | $12.49 | 0.19 | (0.58) | (0.39) | (0.22) | (0.85) |
1/31/2015 | $12.78 | 0.17 | 0.83 | 1.00 | (0.33) | (0.96) |
1/31/2014 | $11.36 | 0.19 | 1.50 | 1.69 | (0.27) | — |
1/31/2013 | $10.16 | 0.21 | 1.19 | 1.40 | (0.20) | — |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of the underlying funds in which the Fund invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Class R4 shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
(e) | Annualized. |
(f) | Class R5 shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
(g) | Class Y shares commenced operations on June 13, 2013. Per share data and total return reflect activity from that date. |
148 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.62) | $11.88 | 15.28% | 0.18% | 0.18% | 1.49% | 12% | $1,638 |
(1.08) | $10.88 | (3.58%) | 0.18% | 0.18% | 2.61% | 12% | $1,041 |
(1.31) | $12.33 | 7.83% | 0.18% | 0.18% | 1.22% | 27% | $381 |
(0.29) | $12.63 | 9.27% | 0.19% (e) | 0.19% (e) | 0.47% (e) | 29% | $385 |
(0.63) | $11.88 | 15.44% | 0.13% | 0.13% | 1.66% | 12% | $2,111 |
(1.09) | $10.87 | (3.54%) | 0.15% | 0.15% | 0.69% | 12% | $214 |
(1.31) | $12.32 | 7.88% | 0.14% | 0.14% | 1.30% | 27% | $2 |
(0.30) | $12.62 | 9.23% | 0.06% (e) | 0.06% (e) | 1.95% (e) | 29% | $3 |
(0.61) | $12.06 | 15.27% | 0.25% | 0.25% (c) | 1.39% | 12% | $3,329 |
(1.07) | $11.03 | (3.69%) | 0.26% | 0.26% (c) | 1.55% | 12% | $1,809 |
(1.29) | $12.49 | 7.70% | 0.29% | 0.29% (c) | 1.30% | 27% | $1,433 |
(0.27) | $12.78 | 14.82% | 0.28% | 0.28% (c) | 1.51% | 29% | $951 |
(0.20) | $11.36 | 13.87% | 0.28% | 0.26% (c) | 2.00% | 21% | $413 |
Prospectus 2017 | 149 |
A-1 | Prospectus 2017 |
Prospectus 2017 | A-2 |
A-3 | Prospectus 2017 |
Prospectus 2017 | A-4 |
A-5 | Prospectus 2017 |
Prospectus 2017 | A-6 |
A-7 | Prospectus 2017 |
Prospectus 2017 | A-8 |
A-9 | Prospectus 2017 |
Prospectus 2017 | A-10 |
A-11 | Prospectus 2017 |
Prospectus 2017 | A-12 |
A-13 | Prospectus 2017 |
■ | It is organized under the laws of a European country or has a principal office in a European country; |
■ | It derives at least 50% of its total revenues from businesses in Europe; or |
■ | Its equity securities are traded principally on a stock exchange in Europe. |
Prospectus 2017 | A-14 |
A-15 | Prospectus 2017 |
Prospectus 2017 | A-16 |
A-17 | Prospectus 2017 |
Prospectus 2017 | A-18 |
A-19 | Prospectus 2017 |
Prospectus 2017 | A-20 |
A-21 | Prospectus 2017 |
Prospectus 2017 | A-22 |
A-23 | Prospectus 2017 |
Prospectus 2017 | A-24 |
■ | normally invests no more than 5% of its total assets in a single security; |
A-25 | Prospectus 2017 |
■ | typically invests up to the greater of (i) 20% of its total assets in a single country or industry or (ii) 150% of the weighting of a single country or industry in the MSCI Europe, Australasia, Far East (MSCI EAFE) Value Index (limited to less than 25% of its total assets in a single industry, other than U.S. Government obligations); and |
■ | generally may not invest more than 20% of its total assets in emerging markets. |
Prospectus 2017 | A-26 |
A-27 | Prospectus 2017 |
Prospectus 2017 | A-28 |
A-29 | Prospectus 2017 |
■ | Buys securities determined to present minimal credit risk by Columbia Management Investment Advisers, LLC (the Investment Manager). |
■ | Limits its U.S. dollar-weighted average portfolio maturity to 60 days or less and its U.S. dollar-weighted average life to 120 days or less. |
■ | Buys obligations with remaining maturities of 397 days or less (as maturity is calculated by SEC rules governing the operation of money market funds). |
■ | Buys only obligations that are denominated in U.S. dollars. |
Prospectus 2017 | A-30 |
A-31 | Prospectus 2017 |
Prospectus 2017 | A-32 |
A-33 | Prospectus 2017 |
Prospectus 2017 | B-1 |
B-2 | Prospectus 2017 |
Prospectus 2017 | B-3 |
B-4 | Prospectus 2017 |
Prospectus 2017 | B-5 |
B-6 | Prospectus 2017 |
Prospectus 2017 | B-7 |
B-8 | Prospectus 2017 |
Prospectus 2017 | B-9 |
B-10 | Prospectus 2017 |
Prospectus 2017 | B-11 |
B-12 | Prospectus 2017 |
Prospectus 2017 | B-13 |
B-14 | Prospectus 2017 |
Prospectus 2017 | B-15 |
B-16 | Prospectus 2017 |
Prospectus 2017 | B-17 |
Funds | Trust |
Investment
company
registration number |
Columbia
Capital Allocation Conservative Portfolio,
Columbia Capital Allocation Aggressive Portfolio, and Columbia Capital Allocation Moderate Portfolio |
Columbia Funds Series Trust II | 811-21852 |
Columbia
Capital Allocation Moderate Aggressive Portfolio, and
Columbia Capital Allocation Moderate Conservative Portfolio |
Columbia Funds Series Trust | 811-09645 |
Class | Ticker Symbol | |
Class A Shares | RBBAX | |
Class B Shares | RBBBX | |
Class C Shares | RBBCX | |
Class K Shares | CIPRX | |
Class R Shares | CBURX | |
Class R4 Shares | CNMRX | |
Class R5 Shares | CKKRX | |
Class T Shares* | CINDX | |
Class Y Shares | CIBYX | |
Class Z Shares | CBUZX |
|
3 |
|
3 |
|
3 |
|
4 |
|
5 |
|
8 |
|
10 |
|
10 |
|
10 |
|
11 |
|
12 |
|
12 |
|
12 |
|
15 |
|
19 |
|
23 |
|
24 |
|
25 |
|
26 |
|
26 |
|
26 |
|
34 |
|
40 |
|
45 |
|
48 |
|
50 |
|
50 |
|
51 |
|
55 |
|
58 |
|
63 |
|
65 |
|
68 |
|
68 |
|
69 |
|
71 |
|
A-1 |
|
B-1 |
2 | Prospectus 2017 |
Shareholder Fees (fees paid directly from your investment) | |||||
Class A | Class B | Class C | Class T |
Classes
K,
R, R4, R5, Y and Z |
|
Maximum sales charge (load) imposed on purchases (as a % of offering price) | 4.75% | None | None | 2.50% | None |
Maximum deferred sales charge (load) imposed on redemptions (as a % of the lower of the original purchase price or current net asset value) | 1.00% (a) | None (b) | 1.00% (c) | None | None |
(a) | This charge is imposed on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, as follows: 1.00% if redeemed within 12 months after purchase, and 0.50% if redeemed more than 12, but less than 18, months after purchase, with certain limited exceptions. |
(b) | The Fund does not accept new investments in Class B shares, except for certain limited transactions. Class B shares were originally subject to a contingent deferred sales charge (CDSC). However, the Fund’s current Class B investors have all held their shares for the requisite time period and are no longer subject to a CDSC upon redemption of their shares. |
(c) | This charge applies to redemptions within 12 months after purchase, with certain limited exceptions. |
(d) | Other expenses have been restated to reflect current transfer agency fees paid by the Fund and other expenses for Class Y shares are based on estimated amounts for the Fund’s current fiscal year. |
(e) | “Total annual Fund operating expenses” include acquired fund fees and expenses (expenses the Fund incurs indirectly through its investments in other investment companies) and may be higher than “Total Net Expenses” shown in the Financial Highlights section of this prospectus because “Total Net Expenses” do not include acquired fund fees and expenses. |
Prospectus 2017 | 3 |
■ | you invest $10,000 in the applicable class of Fund shares for the periods indicated, |
■ | your investment has a 5% return each year, and |
■ | the Fund’s total annual operating expenses remain the same as shown in the Annual Fund Operating Expenses table above. |
1 year | 3 years | 5 years | 10 years | |
Class A (whether or not shares are redeemed) | $573 | $781 | $1,006 | $1,653 |
Class B (whether or not shares are redeemed) | $179 | $554 | $ 954 | $1,875 |
Class C (assuming redemption of all shares at the end of the period) | $279 | $554 | $ 954 | $2,073 |
Class C (assuming no redemption of shares) | $179 | $554 | $ 954 | $2,073 |
Class K (whether or not shares are redeemed) | $101 | $315 | $ 547 | $1,213 |
Class R (whether or not shares are redeemed) | $128 | $400 | $ 692 | $1,523 |
Class R4 (whether or not shares are redeemed) | $ 78 | $243 | $ 422 | $ 942 |
Class R5 (whether or not shares are redeemed) | $ 76 | $237 | $ 411 | $ 918 |
Class T (whether or not shares are redeemed) | $350 | $564 | $ 794 | $1,455 |
Class Y (whether or not shares are redeemed) | $ 72 | $224 | $ 390 | $ 871 |
Class Z (whether or not shares are redeemed) | $ 78 | $243 | $ 422 | $ 942 |
Table 1 — Asset Class (Target Allocation Range – Under Normal Market Conditions)* | |
Equity | 0–35% |
Fixed Income | 55–100% |
Cash | 0–15% |
Alternative Investment Strategy | 0–20% |
* | Market appreciation or depreciation may cause the Fund to be temporarily outside the ranges identified in the table. The Investment Manager may modify the target allocation ranges only upon approval of the Fund’s Board of Trustees. |
4 | Prospectus 2017 |
■ | Evaluating the Fund’s total exposure to sectors, industries, issuers and securities relative to the Fund’s indices; |
■ | Analyzing factors such as credit quality, interest rate outlook and price; and |
■ | Targeting certain underlying funds that invest in lower-quality (junk) bonds and foreign investments as attractive opportunities arise. |
Prospectus 2017 | 5 |
6 | Prospectus 2017 |
Prospectus 2017 | 7 |
8 | Prospectus 2017 |
Year
by Year Total Return (%)
as of December 31 Each Year* |
Best
and Worst Quarterly Returns
During the Period Shown in the Bar Chart |
||
|
Best | 3rd Quarter 2009 | 9.74% |
Worst
|
4th Quarter 2008 | -8.86% |
* | Year to Date return as of March 31, 2017: 2.12% |
Share
Class
Inception Date |
1 Year | 5 Years | 10 Years | |
Class A | 02/16/2006 | |||
returns before taxes | 4.38% | 4.91% | 4.71% | |
returns after taxes on distributions | 3.09% | 3.50% | 3.28% | |
returns after taxes on distributions and sale of Fund shares | 2.64% | 3.32% | 3.15% | |
Class B returns before taxes | 02/16/2006 | 8.68% | 5.14% | 4.43% |
Class C returns before taxes | 02/16/2006 | 7.69% | 5.14% | 4.43% |
Class K returns before taxes | 02/16/2006 | 9.74% | 6.04% | 5.41% |
Class R returns before taxes | 09/27/2010 | 9.22% | 5.67% | 5.03% |
Class R4 returns before taxes | 11/08/2012 | 9.79% | 6.16% | 5.32% |
Class R5 returns before taxes | 11/08/2012 | 9.84% | 6.22% | 5.35% |
Class T returns before taxes | 06/25/2014 | 6.81% | 5.40% | 4.94% |
Class Z returns before taxes | 09/27/2010 | 9.81% | 6.21% | 5.39% |
Blended Benchmark (consisting of 65% Bloomberg Barclays U.S. Aggregate Bond Index, 25% Russell 3000 Value Index and 10% Citi Three-Month U.S. Treasury Bill Index) (reflects no deductions for fees, expenses, or taxes) | 6.30% | 5.16% | 4.61% | |
Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes) | 2.65% | 2.23% | 4.34% | |
Russell 3000 Value Index (reflects no deductions for fees, expenses or taxes) | 18.40% | 14.81% | 5.76% | |
Citi Three-Month U.S. Treasury Bill Index (reflects no deductions for fees, expenses or taxes) | 0.27% | 0.09% | 0.73% |
Prospectus 2017 | 9 |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | |||
Colin Lundgren, CFA | Managing Director and Deputy Global Head of Fixed Income | Lead Manager | 2006 | |||
Gene Tannuzzo, CFA | Senior Portfolio Manager | Co-manager | 2010 |
Online | Regular Mail | Express Mail | By Telephone | |||
investor.columbiathreadneedle.com/us |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. P.O. Box 8081 Boston, MA 02266-8081 |
Columbia
Funds,
c/o Columbia Management Investment Services Corp. 30 Dan Road, Suite 8081 Canton, MA 02021-2809 |
800.422.3737 |
Class | Category of eligible account |
For
accounts other than
systematic investment plan accounts |
For
systematic investment
plan accounts |
Classes
A, B
(a)
,
C & T (b) |
All accounts other than IRAs | $2,000 | $100 |
IRAs | $1,000 | $100 | |
Classes
K
(c)
,
R & R5 |
All eligible accounts | None | N/A |
Classes R4 & Z | All eligible accounts |
$0,
$1,000 or $2,000
depending upon the category of eligible investor |
$100 |
Class Y | All eligible accounts |
$0,
$1,000, $2,000
or $1 million depending upon the category of eligible investor |
$100
(for certain
eligible investors) |
(a) | Class B shares are generally closed to new and existing shareholders. |
(b) | Class T shares must be purchased through financial intermediaries that, by written agreement with Columbia Management Investment Distributors, Inc., are specifically authorized to sell Class T shares. |
(c) | Class K shares are generally closed to new investors. |
10 | Prospectus 2017 |
Prospectus 2017 | 11 |
Asset
Class
(Target Ranges set forth in Table 2) |
Investment Category | Eligible Underlying Fund* |
(Target
Allocation
Range—Under Normal Market Conditions)** |
Equity | U.S. Large Cap | Columbia Contrarian Core Fund | 0-35% |
Columbia Disciplined Core Fund | 0-35% | ||
Columbia Disciplined Growth Fund | 0-35% | ||
Columbia Disciplined Value Fund | 0-35% | ||
Columbia Diversified Equity Income Fund | 0-35% | ||
Columbia Dividend Income Fund | 0-35% | ||
Columbia Large Cap Enhanced Core Fund | 0-35% | ||
Columbia Large Cap Growth Fund | 0-35% | ||
Columbia Large Cap Growth Fund III | 0-35% | ||
Columbia Large Cap Index Fund | 0-35% | ||
Columbia Select Large-Cap Growth Fund | 0-35% |
12 | Prospectus 2017 |
Asset
Class
(Target Ranges set forth in Table 2) |
Investment Category | Eligible Underlying Fund* |
(Target
Allocation
Range—Under Normal Market Conditions)** |
Columbia Select Large Cap Equity Fund | 0-35% | ||
Columbia Select Large-Cap Value Fund | 0-35% | ||
Columbia Seligman Communications and Information Fund | 0-35% | ||
U.S. Mid and Small Cap | Columbia Acorn Fund | 0-35% | |
Columbia Acorn Select | 0-35% | ||
Columbia Acorn USA | 0-35% | ||
Columbia Dividend Opportunity Fund | 0-35% | ||
Columbia Mid Cap Growth Fund | 0-35% | ||
Columbia Mid-Cap Index Fund | 0-35% | ||
Columbia Mid-Cap Value Fund | 0-35% | ||
Columbia Small/Mid Cap Value Fund | 0-35% | ||
U.S. Small Cap | Columbia Disciplined Small Core Fund | 0-35% | |
Columbia Select Smaller-Cap Value Fund | 0-35% | ||
Columbia Small Cap Growth Fund I | 0-35% | ||
Columbia Small Cap Index Fund | 0-35% | ||
Columbia Small Cap Value Fund I | 0-35% | ||
Columbia Small Cap Value Fund II | 0-35% | ||
Emerging Market Equities | Columbia Acorn Emerging Markets Fund | 0-35% | |
Columbia Emerging Markets Fund | 0-35% | ||
Columbia Greater China Fund | 0-35% | ||
International Developed Equities | Columbia Acorn International | 0-35% | |
Columbia Acorn International Select | 0-35% | ||
Columbia Acorn European Fund | 0-35% | ||
Columbia Asia Pacific ex-Japan Fund | 0-35% | ||
Columbia European Equity Fund | 0-35% | ||
Columbia Global Dividend Opportunity Fund | 0-35% | ||
Columbia Global Equity Value Fund | 0-35% | ||
Columbia Global Infrastructure Fund | 0-35% | ||
Columbia Overseas Value Fund | 0-35% | ||
Columbia Pacific/Asia Fund | 0-35% | ||
Columbia Select Global Equity Fund | 0-35% | ||
Columbia Select International Equity Fund | 0-35% | ||
Columbia Seligman Global Technology Fund | 0-35% | ||
Specialty | Columbia Convertible Securities Fund | 0-35% | |
Columbia Flexible Capital Income Fund | 0-35% | ||
Columbia Global Energy and Natural Resources Fund | 0-35% | ||
Columbia Global Technology Growth Fund | 0-35% | ||
Columbia Multi-Asset Income Fund | 0-35% | ||
Columbia Real Estate Equity Fund | 0-35% | ||
Fixed Income | TIPS/Government Bonds | Columbia Inflation Protected Securities Fund | 0–100% |
Columbia U.S. Treasury Index Fund | 0–100% |
Prospectus 2017 | 13 |
Asset
Class
(Target Ranges set forth in Table 2) |
Investment Category | Eligible Underlying Fund* |
(Target
Allocation
Range—Under Normal Market Conditions)** |
U.S. Investment Grade Bonds | CMG Ultra Short Term Bond Fund | 0–100% | |
Columbia Bond Fund | 0–100% | ||
Columbia Corporate Income Fund | 0–100% | ||
Columbia Limited Duration Credit Fund | 0–100% | ||
Columbia Short Term Bond Fund | 0–100% | ||
Columbia Total Return Bond Fund | 0–100% | ||
Columbia U.S. Government Mortgage Fund | 0–100% | ||
U.S. High Yield Bonds | Columbia High Yield Bond Fund | 0–100% | |
Columbia Income Opportunities Fund | 0–100% | ||
Floating Rate | Columbia Floating Rate Fund | 0–100% | |
International Bonds | Columbia Global Bond Fund | 0–100% | |
Emerging Market Bonds | Columbia Emerging Markets Bond Fund | 0–100% | |
Cash | Columbia Government Money Market Fund (formerly known as Columbia Money Market Fund) | 0–15% | |
Columbia Short-Term Cash Fund | 0–15% | ||
Alternative Investment Strategies | Columbia Absolute Return Currency and Income Fund | 0–20% | |
Columbia Alternative Beta Fund (formerly known as Columbia Adaptive Alternatives Fund) | 0–20% | ||
Columbia Commodity Strategy Fund | 0–20% | ||
Columbia Diversified Absolute Return Fund | 0–20% | ||
Columbia Mortgage Opportunities Fund | 0-20% |
* | A summary of the principal investment strategies of each eligible underlying fund is set forth in Appendix A. A description of the principal risks associated with these underlying funds is included in Appendix B. The prospectuses and Statements of Additional Information for the underlying funds are incorporated by reference into this prospectus and can be obtained by calling toll-free 800.345.6611 or visiting columbiathreadneedle.com/us. Additional information regarding the underlying funds may be found in the Statement of Additional Information. Additional underlying funds may be added in the future either in addition to, or to replace, current underlying funds in an investment category. |
** | Market appreciation or depreciation may cause the Fund to be temporarily outside the ranges identified in the table. The Investment Manager may modify the target allocation ranges only upon approval of the Fund’s Board of Trustees. |
Asset Class (Target Allocation Range – Under Normal Market Conditions)* | |
Equity | 0–35% |
Fixed Income | 55–100% |
Cash | 0–15% |
Alternative Investment Strategy | 0–20% |
* | Market appreciation or depreciation may cause the Fund to be temporarily outside the ranges identified in the table. The Investment Manager may modify the target allocation ranges only upon approval of the Fund’s Board of Trustees. |
14 | Prospectus 2017 |
■ | Evaluating the Fund’s total exposure to sectors, industries, issuers and securities relative to the Fund’s indices; |
■ | Analyzing factors such as credit quality, interest rate outlook and price; and |
■ | Targeting certain underlying funds that invest in lower-quality (junk) bonds and foreign investments as attractive opportunities arise. |
Prospectus 2017 | 15 |
16 | Prospectus 2017 |
Prospectus 2017 | 17 |
18 | Prospectus 2017 |
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20 | Prospectus 2017 |
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22 | Prospectus 2017 |
Prospectus 2017 | 23 |
Portfolio Manager | Title | Role with Fund | Managed Fund Since | |||
Colin Lundgren, CFA | Managing Director and Deputy Global Head of Fixed Income | Lead Manager | 2006 | |||
Gene Tannuzzo, CFA | Senior Portfolio Manager | Co-manager | 2010 |
24 | Prospectus 2017 |
■ | compensation and other benefits received by the Investment Manager and other Ameriprise Financial affiliates related to the management/administration of a Columbia Fund and the sale of its shares; |
■ | the allocation of, and competition for, investment opportunities among the Fund, other funds and accounts advised/managed by the Investment Manager and other Ameriprise Financial affiliates, or Ameriprise Financial itself and its affiliates; |
■ | separate and potentially divergent management of a Columbia Fund and other funds and accounts advised/managed by the Investment Manager and other Ameriprise Financial affiliates; |
■ | regulatory and other investment restrictions on investment activities of the Investment Manager and other Ameriprise Financial affiliates and accounts advised/managed by them; |
■ | insurance and other relationships of Ameriprise Financial affiliates with companies and other entities in which a Columbia Fund invests; and |
■ | regulatory and other restrictions relating to the sharing of information between Ameriprise Financial and its affiliates, including the Investment Manager, and a Columbia Fund. |
Prospectus 2017 | 25 |
26 | Prospectus 2017 |
■ | The amount you plan to invest. |
■ | How long you intend to remain invested in the Fund. |
■ | The fees (e.g., sales charge or “load”) and expenses for each share class. |
■ | Whether you may be eligible for a reduction or waiver of sales charges when you buy or sell shares. |
■ | The net asset value (NAV) per share is the price of a share calculated by the Fund every business day. |
■ | The offering price per share is the NAV per share plus any front-end sales charge (or load) that applies. |
Prospectus 2017 | 27 |
28 | Prospectus 2017 |
Share Class |
Eligible
Investors
(a)
;
Minimum Initial Investments (b) |
Front-End
Sales Charges (c) |
Contingent
Deferred
Sales Charges (CDSCs) (c) |
Sales
Charge
Reductions/Waivers |
Maximum
Distribution
and/or Service Fees (d) |
period, are no longer subject to a CDSC upon redemption of their shares | |||||
Class C |
Eligibility:
Available to the general public for investment
|
None | 1.00% on certain investments redeemed within one year of purchase (i) |
Waivers
: yes, on Fund distribution reinvestments. For additional waivers, see
Choosing a Share Class — CDSC Waivers – Class A, Class C and Class V
|
Distribution
Fee:
0.75%
|
Class K |
Eligibility:
Closed to new investors; available only to qualified employee benefit plans, trust companies or similar institutions, 501(c)(3) charitable organizations, non-qualified deferred compensation plans whose participants
are included in a qualified employee benefit plan described above, 529 plans, and health savings accounts
(f)
|
None | None | N/A | Plan Administration Services Fee: 0.25% |
Class R |
Eligibility:
Available only to eligible retirement plans, health savings accounts and, in the sole discretion of the Distributor, other types of retirement accounts held through platforms maintained by financial intermediaries
approved by the Distributor
|
None | None | N/A |
Series
of CFST & CFST I:
distribution fee of 0.50%
|
Class R4 | Eligibility: Available only to (i) omnibus retirement plans; (ii) trust companies or similar institutions; (iii) broker-dealers, banks, trust companies and similar institutions that clear Fund share transactions for their client or customer investment advisory or similar accounts through designated financial intermediaries and their mutual fund trading platforms that have been granted specific written authorization from the Transfer Agent with respect to Class R4 eligibility apart from selling, servicing or similar agreements; (iv) 501(c)(3) charitable organizations; (v) | None | None | N/A | None |
Prospectus 2017 | 29 |
30 | Prospectus 2017 |
Share Class |
Eligible
Investors
(a)
;
Minimum Initial Investments (b) |
Front-End
Sales Charges (c) |
Contingent
Deferred
Sales Charges (CDSCs) (c) |
Sales
Charge
Reductions/Waivers |
Maximum
Distribution
and/or Service Fees (d) |
$500,000–
$999,999: 1.50% 1.00% |
(a)
the other share class may only be exchanged for Class T shares if your financial intermediary does not offer that other share class on the intermediary’s commission-based platform, and (b) unless waived in the Distributor’s discretion,
shares of the class to be exchanged are held in a networked or omnibus account with the Fund; and
(iii) on purchases within fee-based accounts, provided that the Class T Intermediary has an agreement with the Distributor that specifically authorizes offering Class T shares within the designated fee-based platform. |
||||
Class V |
Eligibility:
Generally closed to new investors
(f)
|
5.75% maximum, declining to 0.00% on investments of $1 million or more |
CDSC
on certain investments of between $1 million and $50 million redeemed within 18 months after purchase, charged as follows:
|
Reductions
: yes, see
Choosing a Share Class — Reductions/Waivers of Sales Charges – Class A and Class V Shares Front-End Sales Charge Reductions
|
Service Fee: up to 0.50% |
Class Y |
Eligibility:
Available to (i) group retirement plans that maintain plan-level or omnibus accounts with the Fund
(f)
;
(ii) institutional investors that are clients of the Columbia Threadneedle Global Institutional Distribution Team that invest in Class Y shares for their own account through platforms approved by the Distributor or an
affiliate thereof to offer and/or service Class Y shares within such platform;
(iii) collective trust funds;
(iv) affiliated or unaffiliated mutual funds (e.g., funds
operating as funds-of-funds);
(v) fee-based platforms of financial intermediaries (or the clearing |
None | None | N/A | None |
Prospectus 2017 | 31 |
Share Class |
Eligible
Investors
(a)
;
Minimum Initial Investments (b) |
Front-End
Sales Charges (c) |
Contingent
Deferred
Sales Charges (CDSCs) (c) |
Sales
Charge
Reductions/Waivers |
Maximum
Distribution
and/or Service Fees (d) |
intermediary
they trade through) that have an agreement with the Distributor or an affiliate thereof that specifically authorizes the financial intermediary to offer and/or service Class Y shares within such platform, provided also that Fund shares are held in
an omnibus account; (vi) commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares, provided that the financial
intermediary has an agreement with the Distributor that specifically authorizes offering Class Y shares within such platform and that Fund shares are held in an omnibus account; and (vii) bank trust departments, subject to an agreement with the
Distributor that specifically authorizes offering Class Y shares and provided that Fund shares are held in an omnibus account. In each case above where noted that Fund shares are required to be held in an omnibus account, the Distributor may, in its
discretion, determine to waive this requirement.
|
|||||
Class Z |
Eligibility:
Available only to certain eligible investors, which are subject to different minimum investment requirements, ranging from $0 to $2,000; closed to (i) accounts of financial intermediaries that clear Fund share
transactions for their client or customer accounts through designated financial intermediaries and their mutual fund trading platforms that have been given specific written notice from the Transfer Agent of the termination of their eligibility for
new purchases of Class Z shares and (ii) omnibus group retirement plans, subject to certain exceptions
(f)
|
None | None | N/A | None |
32 | Prospectus 2017 |
(a) | For Columbia Government Money Market Fund, new investments must be made in Class A, Class T, Class Y or Class Z shares, subject to eligibility. Class C and Class R shares of Columbia Government Money Market Fund are available as a new investment only to investors in the Distributor's proprietary 401(k) products, provided that such investor is eligible to invest in the class and transact directly with the Fund or the Transfer Agent through a third party administrator or third party recordkeeper. Columbia Government Money Market Fund offers other classes of shares only to facilitate exchanges with other Funds offering such share classes. |
(b) | The minimum initial investment requirement for investment in Class A and Class C shares is $5,000 for each of Columbia Floating Rate Fund and Columbia Inflation Protected Securities Fund, and $10,000 for Columbia Absolute Return Currency and Income Fund. Certain share classes are subject to minimum account balance requirements, as described in Buying, Selling and Exchanging Shares — Transaction Rules and Policies. |
(c) | Actual front-end sales charges and CDSCs vary among the Funds. For more information on applicable sales charges, see Choosing a Share Class — Sales Charges and Commissions, and for information about certain exceptions to these sales charges, see Choosing a Share Class — Reductions/Waivers of Sales Charges. |
(d) | These are the maximum applicable distribution and/or service fees under the Fund’s Rule 12b-1 plan. Fee rates and fee components (i.e., the portion of a combined fee that is a distribution or service fee) may vary among Funds. Because these fees are paid out of Fund assets on an ongoing basis, over time these fees will increase the cost of your investment and may cost you more than paying other types of distribution and/or service fees. Although Class A shares of certain series of CFST I are subject to a combined distribution and service fee of up to 0.35%, these Funds currently limit the combined fee to 0.25%. Columbia Government Money Market Fund pays a distribution and service fee of up to 0.10% on Class A shares, up to 0.75% distribution fee and up to 0.10% service fee on Class B shares, and up to 0.75% distribution fee on Class C shares. Columbia AMT-Free Intermediate Muni Bond Fund, Columbia High Yield Municipal Fund and Columbia Tax-Exempt Fund each pay a service fee of up to 0.20% on Class A, Class B and Class C shares. Columbia AMT-Free Intermediate Muni Bond Fund pays a distribution fee of up to 0.65% on Class B and Class C shares. For more information on distribution and service fees, see Choosing a Share Class — Distribution and Service Fees. |
(e) | For Columbia Short Term Municipal Bond Fund, a CDSC of 0.50% is charged on certain investments of $500,000 or more redeemed within 12 months after purchase. The following Funds are not subject to a front-end sales charge or a CDSC on Class A shares: Columbia Government Money Market Fund, Columbia Large Cap Enhanced Core Fund, Columbia Large Cap Index Fund, Columbia Mid Cap Index Fund, Columbia Small Cap Index Fund and Columbia U.S. Treasury Index Fund. |
(f) | These share classes are closed to new accounts, or closed to previously eligible investors, subject to certain conditions, as summarized below and described in more detail under Buying, Selling and Exchanging Shares — Buying Shares — Eligible Investors: |
• Class B Shares . The Funds no longer accept investments from new or existing investors in Class B shares, except through reinvestment of Fund Class B share dividend and/or capital gain distributions by existing Class B shareholders, or a permitted exchange. |
• Class K Shares . Shareholders who opened and funded a Class K account with a Fund as of the close of business on December 31, 2010 may continue to make additional purchases of such share class, and existing Class K accounts may continue to allow new investors or participants to be established in their Fund account. |
• Class R5 Shares . Shareholders with Class R5 accounts funded before November 8, 2012 who do not satisfy the current eligibility criteria for Class R5 shares may not establish new Class R5 accounts but may continue to make additional purchases of Class R5 shares in existing accounts. In addition, investment advisory programs and similar programs that opened a Class R5 account as of May 1, 2010, and continuously hold Class R5 shares in such account after such date, may generally not only continue to make additional purchases of Class R5 shares but also open new Class R5 accounts and add new shareholders in the program. | |
• Class V Shares. Shareholders with Class V accounts who received, and have continuously held, Class V shares (formerly named Class T shares, which have no relation to the Fund’s current Class T shares) in connection with the merger of certain Galaxy funds into certain Funds that were then named Liberty funds may continue to make additional purchases of such share class. |
• Class Y Shares . Shareholders with Class Y accounts funded before November 8, 2012 who do not satisfy the current eligibility criteria for Class Y shares may not establish new accounts for such share class but may continue to make additional purchases of Class Y shares in existing accounts. |
• Class Z Shares . Financial intermediaries that clear Fund share transactions through designated financial intermediaries and their mutual fund trading platforms that have been given specific written notice from the Transfer Agent, effective March 29, 2013, of the termination of their eligibility for new purchases of Class Z shares and omnibus retirement plans are not permitted to establish new Class Z accounts, subject to certain exceptions. Omnibus retirement plans that opened and, subject to exceptions, funded a Class Z account as of close of business on March 28, 2013, and have continuously held Class Z shares in such account after such date, may generally continue to make additional purchases of Class Z shares, open new Class Z accounts and add new participants. In certain circumstances and in the sole discretion of the Distributor, omnibus retirement plans affiliated with a grandfathered plan may also open new Class Z accounts. Accounts of financial intermediaries (other than omnibus retirement plans) that clear Fund share transactions for their client or customer accounts through designated financial intermediaries and their mutual fund trading platforms are not permitted to establish new Class Z accounts or make additional purchases of Class Z shares (other than through Fund distribution reinvestments). |
(g) | Timing of conversion will vary depending on the Fund and the date of your original purchase of Class B shares. For more information on the conversion of Class B shares to Class A shares, see Choosing a Share Class — Sales Charges and Commissions. Class B shares of Columbia Short Term Municipal Bond Fund do not charge a CDSC and do not convert to Class A shares. |
(h) | If you are eligible to invest in Class A shares without a front-end sales charge, you should discuss your options with your financial intermediary. For more information, see Choosing a Share Class – Reductions/Waivers of Sales Charges. |
(i) | There is no CDSC on redemptions from Class C shares of Columbia Government Money Market Fund. |
Prospectus 2017 | 33 |
■ | depends on the amount you are investing (generally, the larger the investment, the smaller the percentage sales charge), and |
■ | is based on the total amount of your purchase and the value of your account (and any other accounts eligible for aggregation of which you or your financial intermediary notifies the Fund). |
34 | Prospectus 2017 |
Class A Shares — Front-End Sales Charge — Breakpoint Schedule* | ||||
Breakpoint Schedule For: |
Dollar
amount of
shares bought (a) |
Sales
charge as a % of the offering price (b) |
Sales
charge as a % of the net amount invested (b) |
Amount
retained by or paid to financial intermediaries as a % of the offering price |
Equity
Funds,
Columbia Adaptive Risk Allocation Fund, Columbia Alternative Beta Fund, Columbia Commodity Strategy Fund, Columbia Diversified Absolute Return Fund and Funds-of-Funds (equity)* |
$ 0–$49,999 | 5.75% | 6.10% | 5.00% |
$ 50,000–$99,999 | 4.50% | 4.71% | 3.75% | |
$100,000–$249,999 | 3.50% | 3.63% | 3.00% | |
$250,000–$499,999 | 2.50% | 2.56% | 2.15% | |
$500,000–$999,999 | 2.00% | 2.04% | 1.75% | |
$ 1,000,000 or more | 0.00% | 0.00% | 0.00% (c) | |
Fixed
Income Funds (except those listed below),
Columbia Multi-Asset Income Fund and Funds-of-Funds (fixed income)* |
$ 0-$49,999 | 4.75% | 4.99% | 4.00% |
$ 50,000–$99,999 | 4.25% | 4.44% | 3.50% | |
$100,000–$249,999 | 3.50% | 3.63% | 3.00% | |
$250,000–$499,999 | 2.50% | 2.56% | 2.15% | |
$500,000–$999,999 | 2.00% | 2.04% | 1.75% | |
$ 1,000,000 or more | 0.00% | 0.00% | 0.00% (c) | |
Tax-Exempt Funds (other than Columbia Short Term Municipal Bond Fund) | $ 0-$99,999 | 3.00% | 3.09% | 2.50% |
$100,000–$249,999 | 2.50% | 2.56% | 2.15% | |
$250,000–$499,999 | 1.50 % | 1.53% | 1.25% | |
$ 500,000 or more | 0.00% | 0.00% | 0.00% (c) | |
Columbia
Absolute Return Currency and Income Fund,
Columbia Floating Rate Fund, Columbia Inflation Protected Securities Fund, Columbia Limited Duration Credit Fund, Columbia Mortgage Opportunities Fund, Columbia Total Return Bond Fund, and Columbia U.S. Government Mortgage Fund |
$ 0-$99,999 | 3.00% | 3.09% | 2.50% |
$100,000–$249,999 | 2.50% | 2.56% | 2.15% | |
$250,000–$499,999 | 2.00% | 2.04% | 1.75% | |
$500,000–$999,999 | 1.50% | 1.52% | 1.25% | |
$ 1,000,000 or more | 0.00% | 0.00% | 0.00% (c) | |
Columbia Short Term Bond Fund | $ 0-$99,999 | 1.00% | 1.01% | 0.75% |
$100,000–$249,999 | 0.75% | 0.76% | 0.50% | |
$250,000–$999,999 | 0.50% | 0.50% | 0.40% | |
$ 1,000,000 or more | 0.00% | 0.00% | 0.00% (c) | |
Columbia Short Term Municipal Bond Fund | $ 0-$99,999 | 1.00% | 1.01% | 0.75% |
$100,000–$249,999 | 0.75% | 0.76% | 0.50% | |
$250,000–$499,999 | 0.50% | 0.50% | 0.40% | |
$ 500,000 or more | 0.00% | 0.00% | 0.00% (c) | |
* | The following Funds are not subject to a front-end sales charge or CDSC on Class A shares: Columbia Government Money Market Fund, Columbia Large Cap Enhanced Core Fund, Columbia Large Cap Index Fund, Columbia Mid Cap Index Fund, Columbia Small Cap Index Fund and Columbia U.S. Treasury Index Fund. "Funds-of-Funds (equity)" includes Columbia Capital Allocation Aggressive Portfolio, Columbia Capital Allocation Moderate Aggressive Portfolio, Columbia Capital Allocation Moderate Conservative Portfolio, Columbia Capital Allocation Moderate |
Prospectus 2017 | 35 |
Portfolio and Columbia Global Strategic Equity Fund . "Funds-of-Funds (fixed income)" includes Columbia Capital Allocation Conservative Portfolio and Columbia Income Builder Fund. Columbia Balanced Fund, Columbia Flexible Capital Income Fund and Columbia Global Opportunities Fund are treated as equity Funds for purposes of the table. |
(a) | Purchase amounts and account values may be aggregated among all eligible Fund accounts for the purposes of this table. See Choosing a Share Class — Reductions/Waivers of Sales Charges for a discussion of account value aggregation. |
(b) | Because the offering price is calculated to two decimal places, the dollar amount of the sales charge as a percentage of the offering price and your net amount invested for any particular purchase of Fund shares may be higher or lower depending on whether downward or upward rounding was required during the calculation process. Purchase price includes the sales charge. |
(c) | For information regarding cumulative commissions paid to your financial intermediary when you buy $1 million or more of Class A shares of a Fund, see Class A Shares — Commissions below. |
■ | If you purchased Class A shares of any Tax-Exempt Fund (other than Columbia Short Term Municipal Bond Fund and Columbia U.S. Social Bond Fund) without paying a front-end sales charge because your eligible accounts aggregated $500,000 or more at the time of purchase, you will incur a CDSC of 0.75% if you redeem those shares within 12 months after purchase. Subsequent Class A share purchases that bring your aggregate account value to $500,000 or more will also be subject to a CDSC of 0.75% if you redeem those shares within 12 months after purchase. |
■ | If you purchased Class A shares of Columbia Short Term Municipal Bond Fund without paying a front-end sales charge because your eligible accounts aggregated $500,000 or more at the time of purchase, you will incur a CDSC of 0.50% if you redeem those shares within 12 months after purchase. Subsequent Class A share purchases that bring your aggregate account value to $500,000 or more will also be subject to a CDSC of 0.50% if you redeem those shares within 12 months after purchase. |
■ | If you purchased Class A shares of Columbia U.S. Social Bond Fund on or after August 8, 2016 without paying a front-end sales charge because your eligible accounts aggregated $500,000 or more at the time of purchase, you will incur a CDSC of 0.75% if you redeem those shares within 12 months after purchase. Subsequent Class A share purchases made on or after August 8, 2016 that bring your aggregate account value to $500,000 or more will also be subject to a CDSC of 0.75% if you redeem those shares within 12 months after purchase. If you purchased Class A shares of Columbia U.S. Social Bond Fund prior to August 8, 2016 without paying a front-end sales charge because your eligible accounts aggregated between $1 million and $50 million at the time of purchase, you will incur a CDSC if you redeem those shares within 18 months after purchase, which is charged as follows: 1.00% CDSC if shares are redeemed within 12 months after purchase; and 0.50% CDSC if shares are redeemed more than 12, but less than 18, months after purchase. Subsequent Class A share purchases made prior to August 8, 2016 that bring your aggregate account value to $1 million or more (but less than $50 million) will also be subject to a CDSC if you redeem them within 18 months after purchase as described in this paragraph. |
■ | If you purchased Class A shares of any Taxable Fund without paying a front-end sales charge because your eligible accounts aggregated between $1 million and $50 million at the time of purchase, you will incur a CDSC if you redeem those shares within 18 months after purchase, which is charged as follows: 1.00% CDSC if shares are redeemed within 12 months after purchase; and 0.50% CDSC if shares are redeemed more than 12, but less than 18, months after purchase. Subsequent Class A share purchases that bring your aggregate account value to $1 million or more (but less than $50 million) will also be subject to a CDSC if you redeem them within 18 months after purchase as described in the previous sentence. |
36 | Prospectus 2017 |
Class A Shares of Tax-Exempt Funds — Commission Schedule (Paid by the Distributor to Financial Intermediaries) | |
Purchase Amount |
Commission
Level*
(as a % of net asset value per share) |
$500,000 – $3,999,999 | 0.75%** |
$4 million – $19,999,999 | 0.50% |
$20 million or more | 0.25% |
* | The commission level applies to the applicable asset level; therefore, for example, for a purchase of $5 million, the Distributor would pay a commission of 0.75% on the first $3,999,999 and 0.50% on the balance. |
** | The commission level on purchases of Class A shares of Columbia Short Term Municipal Bond Fund is: 0.50% on purchases of $500,000 to $19,999,999 and 0.25% on purchases of $20 million or more. |
* | Not applicable to Funds that do not assess a front-end sales charge. |
** | The commission level applies to the applicable asset level; therefore, for example, for a purchase of $5 million, the Distributor would pay a commission of 1.00% on the first $2,999,999 and 0.50% on the balance. |
Prospectus 2017 | 37 |
38 | Prospectus 2017 |
Class T Shares — Front-End Sales Charge (Per Transaction) | ||||
Breakpoint Schedule For: |
Dollar
amount of
shares bought |
Sales
charge as a % of the offering price (a) |
Sales
charge as a % of the net amount invested (a) |
Amount
retained by or paid to Financial Intermediaries as a % of the offering price |
Class
T Shares
(Purchasing through a Category One Financial Intermediary) |
$ 0–$249,999 | 2.50% | 2.56% | 2.50% |
$250,000–$499,999 | 2.00% | 2.04% | 2.00% | |
$500,000–$999,999 | 1.50% | 1.53% | 1.50% | |
$ 1,000,000 or more | 1.00% | 1.01% | 1.00% | |
(a) | Because the offering price is calculated to two decimal places, the dollar amount of the sales charge as a percentage of the offering price and your net amount invested for any particular purchase of Fund shares may be higher or lower depending on whether downward or upward rounding was required during the calculation process. Purchase price includes the sales charge. |
■ | depends on the amount you are investing (generally, the larger the investment, the smaller the percentage sales charge), and |
■ | is based on the total amount of your purchase and the value of your account (and any other accounts eligible for aggregation of which you notify your financial intermediary or, in the case of Direct-at-Fund accounts (as defined below), you notify the Fund). |
Prospectus 2017 | 39 |
(a) | Purchase amounts and account values are aggregated among all eligible Fund accounts for the purposes of this table. |
(b) | Because the offering price is calculated to two decimal places, the dollar amount of the sales charge as a percentage of the offering price and your net amount invested for any particular purchase of Fund shares may be higher or lower depending on whether downward or upward rounding was required during the calculation process. |
(c) | For more information regarding cumulative commissions paid to your financial intermediary when you buy $1 million or more of Class V shares, see Class V Shares — Commissions below. |
■ | If you purchased Class V shares without a front-end sales charge because your eligible accounts aggregated between $1 million and $50 million at the time of purchase, you will incur a CDSC if you redeem those shares within 18 months after purchase, which is charged as follows: 1.00% CDSC if shares are redeemed within 12 months after purchase, and 0.50% CDSC if shares are redeemed more than 12, but less than 18, months after purchase. |
■ | Subsequent Class V share purchases that bring your aggregate account value to $1 million or more (but less than $50 million) will also be subject to a CDSC if you redeem them within the time periods noted above. |
Class V Shares — Commission Schedule (Paid by the Distributor to Financial Intermediaries) | |
Purchase
Amount |
Commission
Level*
(as a % of net asset value per share) |
$1 million – $2,999,999 | 1.00% |
$3 million – $49,999,999 | 0.50% |
$50 million or more | 0.25% |
* | The commission level applies to the applicable asset level; therefore, for example, for a purchase of $5 million, the Distributor would pay a commission of 1.00% on the first $2,999,999 and 0.50% on the balance. |
40 | Prospectus 2017 |
Prospectus 2017 | 41 |
■ | Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets. |
■ | Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time (if applicable). |
42 | Prospectus 2017 |
■ | Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the plan is a group plan (more than one participant), the shares are not held in a commission-based brokerage account and shares are held in the name of the plan through an omnibus account |
■ | Shares purchased by or through a 529 Plan |
■ | Shares purchased through a Merrill Lynch affiliated investment advisory program |
■ | Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform |
■ | Shares of funds purchased through the Merrill Edge Self-Directed platform |
■ | Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same Fund (but not any other fund within the same fund family) |
■ | Shares exchanged for Class C (i.e., level-load) shares of the same fund in the month of or following the 10-year anniversary of the purchase date |
■ | Employees and registered representatives of Merrill Lynch or its affiliates and their family members |
■ | Directors or Trustees of the Fund, and employees of the Fund’s investment adviser or any of its affiliates, as described in this prospectus |
■ | Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement) |
Prospectus 2017 | 43 |
■ | Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans; however these plans are eligible to purchase Class T shares through a transactional brokerage account. |
■ | Morgan Stanley Wealth Management employee and employee-related accounts according to Morgan Stanley’s account linking rules. |
■ | Mutual fund shares exchanged from an existing position in the same fund as part of a share class conversion instituted by Morgan Stanley Wealth Management. |
■ | Shares redeemed following the death or disability of the shareholder |
■ | Shares sold as part of a systematic withdrawal plan as described in this prospectus |
■ | Redemptions that constitute a return of excess contributions from an IRA |
■ | Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching age 70½ |
■ | Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch |
■ | There will be no CDSC charged on the sale of Fund shares acquired through a right of reinstatement |
■ | The redemption of shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to a fee based account or platform (applicable to Class A and Class C shares only) |
44 | Prospectus 2017 |
Repurchases (Reinstatements) | |
Redeemed Share Class | Corresponding Repurchase Class |
Class A | Class A |
Class B | Class A |
Class C | Class C |
Class V | Class V |
Prospectus 2017 | 45 |
Distribution
Fee |
Service
Fee |
Combined
Total |
|
Class R5 | None | None | None |
Class T | up to 0.25% (c) | up to 0.25% | 0.25% |
Class V | None | up to 0.50% (h) | up to 0.50% (h) |
Class Y | None | None | None |
Class Z | None | None | None |
(a) | The maximum distribution and service fees of Class A shares varies among the Funds, as shown in the table below: |
Funds |
Maximum
Class A Distribution Fee |
Maximum
Class A Service Fee |
Maximum
Class A Combined Total |
Series of CFST | — | — |
0.25%;
these Funds pay a
combined distribution and service fee |
Series
of CFST II (other than Columbia
Government Money Market Fund) |
up to 0.25% | up to 0.25% | 0.25% |
Columbia Government Money Market Fund | — | — | 0.10% |
Columbia AMT-Free Oregon Intermediate Muni Bond Fund, Columbia Balanced Fund, Columbia Contrarian Core Fund, Columbia Disciplined Small Core Fund, Columbia Dividend Income Fund, Columbia Global Technology Growth Fund, Columbia Large Cap Growth Fund, Columbia Mid Cap Growth Fund, Columbia Real Estate Equity Fund, Columbia Small Cap Growth Fund I, Columbia Total Return Bond Fund | up to 0.10% | up to 0.25% |
up
to 0.35%; these Funds may
pay distribution and service fees up to a maximum of 0.35% of their average daily net assets attributable to Class A shares (comprised of up to 0.10% for distribution services and up to 0.25% for shareholder liaison services) but currently limit such fees to an aggregate fee of not more than 0.25% for Class A shares |
Columbia Adaptive Risk Allocation Fund, Columbia Alternative Beta Fund, Columbia AMT-Free Connecticut Intermediate Muni Bond Fund, Columbia AMT-Free Massachusetts Intermediate Muni Bond Fund, Columbia AMT-Free New York Intermediate Muni Bond Fund, Columbia Bond Fund, Columbia California Tax-Exempt Fund, Columbia Corporate Income Fund, Columbia Diversified Absolute Return Fund, Columbia Diversified Real Return Fund, Columbia Emerging Markets Fund, Columbia Global Dividend Opportunity Fund, Columbia Global Energy and Natural Resources Fund, Columbia Greater China Fund, Columbia Multi-Asset Income Fund, Columbia New York Tax-Exempt Fund, Columbia Pacific/Asia Fund, Columbia Select Large Cap Growth Fund, Columbia Small Cap Value Fund I, Columbia Strategic Income Fund, Columbia U.S. Social Bond Fund, Columbia U.S. Treasury Index Fund | — | 0.25% | 0.25% |
Columbia AMT-Free Intermediate Muni Bond Fund, Columbia High Yield Municipal Fund, Columbia Tax-Exempt Fund | — | 0.20% | 0.20% |
(b) | The service fees for Class A, Class B and Class C shares of certain Funds vary. The annual service fee for Class A, Class B and Class C shares of Columbia AMT-Free Intermediate Muni Bond Fund, Columbia High Yield Municipal Fund and Columbia Tax-Exempt Fund may equal up to 0.20% of the average daily NAV of all shares of such Fund class. The annual distribution fee for Class B and Class C shares for Columbia AMT-Free Intermediate Muni Bond Fund shall be 0.65% of the average daily net assets of the Fund's Class B and Class C shares. Fee amounts noted apply to Class B shares of the Funds other than Class B shares of Columbia Government Money Market Fund, which pays distribution fees of up to 0.75% and service fees of up to 0.10% for a combined total of 0.85%. The Distributor has currently agreed not to be reimbursed by the Fund for 0.10% of the 0.85% fee for Class B shares of Columbia Government Money Market Fund. The Distributor has voluntarily agreed to waive the service fee for Class A, Class B and Class C shares of Columbia U.S. Treasury Index Fund so that the service fee does not exceed 0.15% annually. This arrangement may be modified or terminated by the Distributor at any time. |
(c) | Fee amounts noted apply to all Funds other than Columbia Government Money Market Fund, which, for each of Class A and Class T shares, pays distribution and service fees of 0.10%, and for Class C shares pays distribution fees of 0.75%. The Distributor has currently agreed not to be reimbursed by the Fund for 0.25% of the 0.50% fee for Class R shares of Columbia Government Money Market Fund. The Distributor has |
46 | Prospectus 2017 |
voluntarily agreed to waive the 12b-1 fees it receives from Class A, Class C, Class R and Class T shares of Columbia Government Money Market Fund. This arrangement may be modified or terminated by the Distributor at any time. Compensation paid to financial intermediaries may be suspended to the extent of the Distributor's waiver of the 12b-1 fees on these specific share classes of these Funds. |
(d) | The Distributor has voluntarily agreed to waive a portion of the distribution fee it receives from Class B shares of Columbia Short Term Bond Fund so that the distribution fee does not exceed 0.30% annually. This arrangement may be modified or terminated by the Distributor at any time. |
(e) | The Distributor has voluntarily agreed to waive a portion of the distribution fee for Class C shares of the following Funds so that the distribution fee does not exceed the specified percentage annually: 0.45% for Columbia AMT-Free Connecticut Intermediate Muni Bond Fund, Columbia AMT-Free Massachusetts Intermediate Muni Bond Fund, Columbia AMT-Free New York Intermediate Muni Bond Fund, Columbia AMT-Free Oregon Intermediate Muni Bond Fund, Columbia California Tax-Exempt Fund and Columbia New York Tax-Exempt Fund; 0.60% for Columbia Corporate Income Fund and Columbia Short Term Bond Fund; 0.65% for Columbia High Yield Municipal Fund and Columbia Tax-Exempt Fund; and 0.70% for Columbia U.S. Treasury Index Fund. These arrangements may be modified or terminated by the Distributor at any time. |
(f) | Under a plan administration services agreement, the Funds' Class K shares pay for plan administration services. These fees for Class K shares are not paid pursuant to a 12b-1 plan. See Class K Plan Administration Services Fee below for more information. |
(g) | Class R shares of series of CFST and CFST I pay a distribution fee pursuant to a distribution (Rule 12b-1) plan for Class R shares. The Funds do not have a shareholder service plan for Class R shares. Series of CFST II have a distribution and shareholder service plan for Class R shares, which, prior to the close of business on September 3, 2010, were known as Class R2 shares. For Class R shares of series of CFST II, the maximum fee under the plan reimbursed for distribution expenses is equal on an annual basis to 0.50% of the average daily net assets of the Fund attributable to Class R shares. Of that amount, up to 0.25% may be reimbursed for shareholder service expenses. |
(h) | The shareholder servicing fees for Class V shares are up to 0.50% of average daily net assets attributable to Class V shares for equity Funds and 0.40% for fixed income Funds. In general, the Funds currently limit such fees to a maximum of 0.25% for equity Funds and 0.15% for fixed-income Funds. These fees for Class V shares are not paid pursuant to a 12b-1 plan. See Class V Shareholder Service Fees below for more information. |
Prospectus 2017 | 47 |
48 | Prospectus 2017 |
Prospectus 2017 | 49 |
50 | Prospectus 2017 |
Prospectus 2017 | 51 |
Minimum Account Balance | |
Minimum
Account Balance |
|
For all Funds, classes and account types except those listed below |
$250
(None for accounts with
Systematic Investment Plans) |
Individual Retirement Accounts for all Funds and classes except those listed below | None |
Columbia Absolute Return Currency and Income Fund | $5,000 |
Columbia Floating Rate Fund and Columbia Inflation Protected Securities Fund | $2,500 |
Class K, Class R, Class R4, Class R5 and Class Y | None |
52 | Prospectus 2017 |
Prospectus 2017 | 53 |
■ | negative impact on the Fund's performance; |
■ | potential dilution of the value of the Fund's shares; |
■ | interference with the efficient management of the Fund's portfolio, such as the need to maintain undesirably large cash positions, the need to use its line of credit or the need to buy or sell securities it otherwise would not have bought or sold; |
■ | losses on the sale of investments resulting from the need to sell securities at less favorable prices; |
■ | increased taxable gains to the Fund's remaining shareholders resulting from the need to sell securities to meet sell orders; and |
■ | increased brokerage and administrative costs. |
54 | Prospectus 2017 |
Prospectus 2017 | 55 |
56 | Prospectus 2017 |
Prospectus 2017 | 57 |
■ | Fund Class B dividend and/or capital gain distributions may continue to be reinvested in Class B shares of the Fund. |
■ | Shareholders invested in Class B shares of a Fund may exchange those shares for Class B shares of other Funds offering such shares. Certain exceptions apply, including that not all Funds may permit exchanges. |
58 | Prospectus 2017 |
Prospectus 2017 | 59 |
60 | Prospectus 2017 |
Minimum Initial Investments | ||
Minimum
Initial Investment (a) |
Minimum
Initial Investment for Accounts with Systematic Investment Plans |
|
For all Funds, classes and account types except those listed below | $2,000 | $100 (b) |
Individual Retirement Accounts for all Funds and classes except those listed below | $1,000 | $100 (c) |
Group retirement plans | None | N/A |
Columbia Absolute Return Currency and Income Fund | $10,000 | $10,000 |
Columbia Floating Rate Fund and Columbia Inflation Protected Securities Fund | $5,000 | $5,000 |
Class K, Class R and Class R5 | None | N/A |
Class Y | $0, $1,000, $2,000 or $1 million (d) | $100 (d) |
Class R4 and Class Z | $0, $1,000 or $2,000 (e) | $100 (e) |
(a) | If your Class A, Class B, Class C, Class V, Class R4, Class Y or Class Z shares account balance falls below the minimum initial investment amount for any reason, including a market decline, you may be asked to increase it to the minimum initial investment amount or establish a monthly Systematic Investment Plan. If you do not do so, your account will be subject to a $20 annual low balance fee and/or shares may be automatically redeemed and the proceeds mailed to you if the account falls below the minimum account balance. See Buying, Selling and Exchanging Shares — Transaction Rules and Policies above. |
(b) | Columbia Government Money Market Fund — $2,000 |
(c) | Columbia Government Money Market Fund — $1,000 |
(d) | There is no minimum initial investment in Class Y shares for: group retirement plans that maintain plan-level or omnibus accounts with the Fund; collective trust funds; affiliated or unaffiliated mutual funds (e.g., funds operating as funds-of-funds); and fee-based platforms of financial intermediaries (or the clearing intermediary that they trade through) that have an agreement with the Distributor or an affiliate thereof that specifically authorizes the financial intermediary to offer and/or service Class Y shares within such platform and Fund shares are held in an omnibus account. The minimum initial investment in Class Y shares is $2,000 ($1,000 for IRAs; $100 for systematic investment plan accounts) for commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Y shares within such platform and Fund shares are held in an omnibus account. The minimum initial investment in Class Y shares is $1 million, unless waived in the discretion of the Distributor, for the following investors: institutional investors that are clients of the Columbia Threadneedle Global Institutional Distribution Team that invest in Class Y shares for their own account through platforms approved by the Distributor or an affiliate thereof to offer and/or service Class Y shares within such platform; and bank trust departments, subject to an agreement with the Distributor that specifically authorizes offering Class Y shares and provided that Fund shares are held in an omnibus account. The Distributor may, in its discretion, waive the $1 million minimum initial investment required for these Class Y investors. In each case above where noted that Fund shares are required to be held in an omnibus account, the Distributor may, in its discretion, determine to waive this requirement. |
(e) | The minimum initial investment in Class R4 shares is $2,000 ($1,000 for IRAs; $100 for systematic investment plan accounts) for commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customers, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class R4 shares within such platform; for all other eligible Class R4 share investors (see Buying Shares – Eligible Investors – Class R4 Shares above), there is no minimum initial investment. The minimum initial investment amount for Class Z shares is $0, $1,000 or $2,000 depending upon the category of eligible investor. See — Class Z Shares Minimum Initial Investments below. The minimum initial investment amount for systematic investment plan accounts is the same as the amount set forth in the first two rows of the table, as applicable. |
Prospectus 2017 | 61 |
■ | Any health savings account sponsored by a third party platform. |
■ | Any investor participating in an account sponsored by a financial intermediary or other entity (that provides services to the account) that is paid a fee-based advisory fee by the investor and that is not compensated by the Fund for those services, other than payments for shareholder servicing or sub-accounting performed in place of the Transfer Agent. |
■ | Individual retirement accounts (IRAs) on commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares, provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Z shares within such platform. |
■ | Any current employee of Columbia Management Investment Advisers LLC, the Distributor or the Transfer Agent and immediate family members of any of the foregoing who share the same address are eligible to invest in Class Z shares through an individual retirement account (IRA). If you maintain your account with a financial intermediary, you must contact that financial intermediary each time you seek to purchase shares to notify them that you qualify for Class Z shares. If Class Z shares are not available at your financial intermediary, you may consider opening a Direct-at-Fund account. It is your obligation to advise your financial intermediary or (in the case of Direct-at-Fund Accounts) the Transfer Agent that you qualify for Class Z shares; be prepared to provide proof thereof. |
■ | Investors (except investors in individual retirement accounts (IRAs)) on commissionable brokerage platforms where the financial intermediary, acting as broker on behalf of its customer, charges the customer a commission for effecting transactions in Fund shares provided that the financial intermediary has an agreement with the Distributor that specifically authorizes offering Class Z shares within such platform. |
■ | Any current employee of Columbia Management Investment Advisers LLC, the Distributor or the Transfer Agent and immediate family members of any of the foregoing who share the same address are eligible to invest in Class Z shares (other than individual retirement accounts (IRAs), for which the minimum initial investment is $1,000). If you maintain your account with a financial intermediary, you must contact that financial intermediary each time you seek to purchase shares to notify them that you qualify for Class Z shares. If Class Z shares are not available at your financial intermediary, you may consider opening a Direct-at-Fund account. It is your obligation to advise your financial intermediary or (in the case of Direct-at-Fund Accounts) the Transfer Agent that you qualify for Class Z shares; be prepared to provide proof thereof. |
■ | Certain financial institutions and intermediaries, such as insurance companies, trust companies, banks, endowments, investment companies or foundations, buying shares for their own account, including Ameriprise Financial and its affiliates and/or subsidiaries. |
■ | Bank trust departments that assess their clients an asset-based fee. |
■ | Certain other investors as set forth in more detail in the SAI. |
62 | Prospectus 2017 |
■ | Once the Transfer Agent or your financial intermediary receives your purchase order in “good form,” your purchase will be made at the Fund’s next calculated public offering price per share, which is the NAV per share plus any sales charge that applies. |
■ | You generally buy Class A, Class T and Class V shares at the public offering price per share because purchases of these share classes are generally subject to a front-end sales charge. |
■ | You buy Class C, Class K, Class R, Class R4, Class R5, Class Y and Class Z shares at NAV per share because no front-end sales charge applies to purchases of these share classes. |
■ | The Distributor and the Transfer Agent reserve the right to cancel your order if the Fund does not receive payment within three business days of receiving your purchase order. The Fund will return any payment received for orders that have been cancelled, but no interest will be paid on that money. |
■ | Financial intermediaries are responsible for sending your purchase orders to the Transfer Agent and ensuring that the Fund receives your money on time. |
■ | Shares purchased are recorded on the books of the Fund. The Fund does not issue certificates. |
Prospectus 2017 | 63 |
64 | Prospectus 2017 |
■ | Once the Transfer Agent or your financial intermediary receives your redemption order in “good form,” your shares will be sold at the Fund’s next calculated NAV per share. Any applicable CDSC will be deducted from the amount you're selling and the balance will be remitted to you. |
■ | If you sell your shares that are held in a Direct-at-Fund Account, we will normally send the redemption proceeds by mail or electronically transfer them to your bank account within three business days after the Transfer Agent or your financial intermediary receives your order in “good form.” |
■ | If you sell your shares through a financial intermediary, the Funds will normally send the redemption proceeds by Fedwire within three business days after the Transfer Agent or your financial intermediary receives your order in “good form.” |
■ | No interest will be paid on uncashed redemption checks. |
■ | Other restrictions may apply to retirement accounts. For information about these restrictions, contact your retirement plan administrator. |
■ | For broker-dealer and wrap fee accounts: The Fund reserves the right to redeem your shares if your account falls below the Fund's minimum initial investment requirement. The Fund will notify your broker-dealer prior to redeeming shares, and will provide details on how to avoid such redemption. |
■ | Also keep in mind the Funds' Small Account Policy, which is described above in Buying, Selling and Exchanging Shares — Transaction Rules and Policies. |
Prospectus 2017 | 65 |
■ | Exchanges are made at the NAV next calculated (plus any applicable sales charge) after your exchange order is received in “good form.” |
■ | Once the Fund receives your exchange request, you cannot cancel it after the market closes. |
■ | The rules for buying shares of a Fund generally apply to exchanges into that Fund, including, if your exchange creates a new Fund account, it must satisfy the minimum investment amount, unless a waiver applies. |
■ | Shares of the purchased Fund may not be used on the same day for another exchange or sale. |
■ | If you exchange shares from Class A shares of Columbia Government Money Market Fund to a non-money market Fund, any further exchanges must be between shares of the same class. For example, if you exchange from Class A shares of Columbia Government Money Market Fund into Class C shares of a non-money market Fund, you may not exchange from Class C shares of that non-money market Fund back to Class A shares of Columbia Government Money Market Fund or Class A shares of any other Fund. |
■ | A sales charge may apply when you exchange shares of a Fund that were not assessed a sales charge at the time you purchased such shares. For example, if you invest in Columbia Government Money Market Fund (or any other Fund that does not impose a front end sales charge) and then you exchange into a non-money market Fund, your transaction is subject to a front-end sales charge if you exchange into Class A shares and to a CDSC if you exchange into Class C shares of the Funds. |
■ | If you purchased Class A shares of a non-money market Fund (and paid any applicable sales charge) and you then exchange those shares into Columbia Government Money Market Fund, you may exchange that amount to Class A of another Fund, including dividends earned on that amount, without paying a sales charge. |
■ | If your shares are subject to a CDSC, you will not be charged a CDSC upon the exchange of those shares. Any CDSC will be deducted when you sell the shares you received from the exchange. The CDSC imposed at that time will be based on the period that begins when you bought shares of the original Fund and ends when you sell the shares of the Fund you received from the exchange. Any applicable CDSC charged will be the CDSC of the original Fund. |
■ | You may make exchanges only into a Fund that is legally offered and sold in your state of residence. Contact the Transfer Agent or your financial intermediary for more information. |
■ | You generally may make an exchange only into a Fund that is accepting investments. |
■ | The Fund may change or cancel your right to make an exchange by giving the amount of notice required by regulatory authorities (generally 60 days for a material change or cancellation). |
■ | Unless your account is part of a tax-advantaged arrangement, an exchange for shares of another Fund is a taxable event, and you may recognize a gain or loss for tax purposes. |
■ | Changing your investment to a different Fund will be treated as a sale and purchase, and you will be subject to applicable taxes on the sale and sales charges on the purchase of the new Fund. |
66 | Prospectus 2017 |
■ | Class Z shares of a Fund may be exchanged for Class A or Class Z shares of another Fund. In certain circumstances, the front-end sales charge applicable to Class A shares may be waived on exchanges of Class Z shares for Class A shares. See Buying, Selling and Exchanging Shares — Buying Shares — Eligible Investors — Class Z Shares for details. |
■ | You may generally exchange Class V shares of a Fund for Class A shares of another Fund if the other Fund does not offer Class V shares. Class V shares exchanged into Class A shares cannot be exchanged back into Class V shares. |
■ | Former CFIT Shareholders may not exchange Class Y shares of a Fund into Class Y shares of another Fund. |
Prospectus 2017 | 67 |
■ | It can earn income on its investments. Examples of fund income are interest paid on money market instruments and bonds, and dividends paid on common stocks. |
■ | A mutual fund can also have capital gains if the value of its investments increases. While a fund continues to hold an investment, any gain is generally unrealized. If the fund sells an investment, it generally will realize a capital gain if it sells that investment for a higher price than its adjusted cost basis, and will generally realize a capital loss if it sells that investment for a lower price than its adjusted cost basis. Capital gains and losses are either short-term or long-term, depending on whether the fund holds the securities for one year or less (short-term) or more than one year (long-term). |
Declaration and Distribution Schedule | |
Declarations | Monthly |
Distributions | Monthly |
68 | Prospectus 2017 |
■ | The Fund intends to qualify and to be eligible for treatment each year as a regulated investment company. A regulated investment company generally is not subject to tax at the fund level on income and gains from investments that are distributed to shareholders. However, the Fund's failure to qualify for treatment as a regulated investment company would result in Fund-level taxation, and consequently, a reduction in income available for distribution to you and in the NAV of your shares. Even if the Fund qualifies for treatment as a regulated investment company, the Fund may be subject to federal excise tax on certain undistributed income or gains. |
■ | Otherwise taxable distributions generally are taxable to you when paid, whether they are paid in cash or automatically reinvested in additional Fund shares. Dividends paid in January are deemed paid on December 31 of the prior year if the dividend was declared and payable to shareholders of record in October, November, or December of such prior year. |
■ | Distributions of the Fund's ordinary income and net short-term capital gain, if any, generally are taxable to you as ordinary income. Distributions of the Fund's net long-term capital gain, if any, generally are taxable to you as long-term capital gain. Whether capital gains are long-term or short-term is determined by how long the Fund has owned the investments that generated them, rather than how long you have owned your shares. The Fund expects that distributions will consist primarily of ordinary income. |
■ | From time to time, a distribution from the Fund could constitute a return of capital, which is not taxable to you so long as the amount of the distribution does not exceed your tax basis in your Fund shares. A return of capital reduces your tax basis in your Fund shares, with any amounts exceeding such basis generally taxable as capital gain. |
■ | If you are an individual and you meet certain holding period and other requirements for your Fund shares, a portion of your distributions may be treated as “qualified dividend income” taxable at the lower net long-term capital gain rates instead of the higher ordinary income rates. Qualified dividend income is income attributable to the Fund's dividends received from certain U.S. and foreign corporations, as long as the Fund meets certain holding period and other requirements for the stock producing such dividends. The Fund does not expect a significant portion of Fund distributions to be eligible for treatment as qualified dividend income. |
■ | Certain high-income individuals (as well as estates and trusts) are subject to a 3.8% tax on net investment income. For individuals, the 3.8% tax applies to the lesser of (1) the amount (if any) by which the taxpayer's modified adjusted gross income exceeds certain threshold amounts or (2) the taxpayer's “net investment income.” |
Net investment income generally includes for this purpose dividends, including any capital gain dividends, paid by the Fund, and net gains recognized on the sale, redemption or exchange of shares of the Fund. |
■ | Certain derivative instruments when held in the Fund's portfolio subject the Fund to special tax rules, the effect of which may be to, among other things, accelerate income to the Fund, defer Fund losses, cause adjustments in the holding periods of Fund portfolio securities, or convert capital gains into ordinary income, short-term capital losses into long-term capital losses or long-term capital gains into short-term capital gains. These rules could therefore affect the amount, timing and/or character of distributions to shareholders. |
■ | Generally, a Fund realizes a capital gain or loss on an option when the option expires, or when it is exercised, sold or otherwise terminated. However, if an option is a “section 1256 contract,” which includes most traded options on a broad-based index, and the Fund holds such option at the end of its taxable year, the Fund is deemed to sell such option at fair market value at such time and recognize any gain or loss thereon, which is generally deemed to be 60% long-term and 40% short-term gain or loss, as described further in the SAI. |
Prospectus 2017 | 69 |
■ | Income and proceeds received by the Fund from sources within foreign countries may be subject to foreign taxes. If at the end of the taxable year more than 50% of the value of the Fund's assets consists of securities of foreign corporations, and the Fund makes a special election, you will generally be required to include in your income for U.S. federal income tax purposes your share of the qualifying foreign income taxes paid by the Fund in respect of its foreign portfolio securities. You may be able to claim a foreign tax credit or deduction in respect of this amount, subject to certain limitations. There is no assurance that the Fund will make this election for a taxable year, even if it is eligible to do so. For a Fund organized as a fund of funds: The Fund may also be eligible to make this special election, regardless of the overall share of the value of its assets that is invested in the securities of foreign corporations, if, at the close of each quarter of the Fund’s taxable year, at least 50% of its total assets consist of interests in underlying regulated investment companies. |
■ | It is possible that because most of the Fund's investments are shares of Underlying Funds, and in such a case, the tax treatment of the Fund's gains, losses, and distributions may differ from the tax treatment that would apply if either the Fund invested directly in the types of securities held by the underlying funds or the Fund shareholders invested directly in the underlying funds. As a result, you may receive taxable distributions earlier and recognize higher amounts of capital gain or ordinary income than you otherwise would. |
■ | A sale, redemption or exchange of Fund shares is a taxable event. This includes redemptions where you are paid in securities. Your sales, redemptions and exchanges of Fund shares (including those paid in securities) usually will result in a taxable capital gain or loss to you, equal to the difference between the amount you receive for your shares (or are deemed to have received in the case of exchanges) and your adjusted tax basis in the shares, which is generally the amount you paid (or are deemed to have paid in the case of exchanges) for them. Any such capital gain or loss generally will be long-term capital gain or loss if you have held your Fund shares for more than one year at the time of sale or exchange. In certain circumstances, capital losses may be converted from short-term to long-term; in other circumstances, capital losses may be disallowed under the “wash sale” rules. |
■ | For sales, redemptions and exchanges of shares that were acquired in a non-qualified account after 2011, the Fund generally is required to report to shareholders and the Internal Revenue Service (IRS) cost basis information with respect to those shares. The Fund uses average cost basis as its default method of calculating cost basis. For more information regarding average cost basis reporting, other available cost basis methods, and selecting or changing to a different cost basis method, please see the SAI, columbiathreadneedle.com/us, or contact the Fund at 800.345.6611. If you hold Fund shares through a financial intermediary (e.g., a brokerage firm), you should contact your financial intermediary to learn about its cost basis reporting default method and the reporting elections available to your account. |
■ | The Fund is required by federal law to withhold tax on any taxable or tax-exempt distributions and redemption proceeds paid to you (including amounts paid to you in securities and amounts deemed to be paid to you upon an exchange of shares) if: you have not provided a correct TIN or have not certified to the Fund that withholding does not apply, the IRS has notified us that the TIN listed on your account is incorrect according to its records, or the IRS informs the Fund that you are otherwise subject to backup withholding. |
70 | Prospectus 2017 |
Prospectus 2017 | 71 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class A | ||||||
1/31/2017 | $10.69 | 0.32 | 0.99 | 1.31 | (0.34) | (0.04) |
1/31/2016 | $11.77 | 0.36 | (0.69) | (0.33) | (0.38) | (0.37) |
1/31/2015 | $11.56 | 0.36 | 0.25 | 0.61 | (0.37) | (0.03) |
1/31/2014 | $11.48 | 0.32 | 0.12 | 0.44 | (0.36) | — |
1/31/2013 | $10.85 | 0.37 | 0.69 | 1.06 | (0.43) | — |
Class B | ||||||
1/31/2017 | $10.75 | 0.23 | 0.99 | 1.22 | (0.25) | (0.04) |
1/31/2016 | $11.83 | 0.27 | (0.69) | (0.42) | (0.29) | (0.37) |
1/31/2015 | $11.61 | 0.26 | 0.27 | 0.53 | (0.28) | (0.03) |
1/31/2014 | $11.54 | 0.22 | 0.12 | 0.34 | (0.27) | — |
1/31/2013 | $10.90 | 0.28 | 0.71 | 0.99 | (0.35) | — |
Class C | ||||||
1/31/2017 | $10.74 | 0.24 | 0.97 | 1.21 | (0.25) | (0.04) |
1/31/2016 | $11.81 | 0.27 | (0.68) | (0.41) | (0.29) | (0.37) |
1/31/2015 | $11.60 | 0.27 | 0.25 | 0.52 | (0.28) | (0.03) |
1/31/2014 | $11.52 | 0.25 | 0.10 | 0.35 | (0.27) | — |
1/31/2013 | $10.89 | 0.29 | 0.69 | 0.98 | (0.35) | — |
Class K | ||||||
1/31/2017 | $10.71 | 0.33 | 0.99 | 1.32 | (0.35) | (0.04) |
1/31/2016 | $11.79 | 0.37 | (0.69) | (0.32) | (0.39) | (0.37) |
1/31/2015 | $11.57 | 0.37 | 0.26 | 0.63 | (0.38) | (0.03) |
1/31/2014 | $11.50 | 0.30 | 0.13 | 0.43 | (0.36) | — |
1/31/2013 | $10.87 | 0.37 | 0.70 | 1.07 | (0.44) | — |
Class R | ||||||
1/31/2017 | $10.75 | 0.30 | 0.98 | 1.28 | (0.31) | (0.04) |
1/31/2016 | $11.83 | 0.33 | (0.69) | (0.36) | (0.35) | (0.37) |
1/31/2015 | $11.62 | 0.33 | 0.25 | 0.58 | (0.34) | (0.03) |
1/31/2014 | $11.54 | 0.32 | 0.09 | 0.41 | (0.33) | — |
1/31/2013 | $10.91 | 0.35 | 0.69 | 1.04 | (0.41) | — |
Class R4 | ||||||
1/31/2017 | $10.72 | 0.35 | 0.98 | 1.33 | (0.36) | (0.04) |
1/31/2016 | $11.80 | 0.38 | (0.68) | (0.30) | (0.41) | (0.37) |
1/31/2015 | $11.59 | 0.39 | 0.25 | 0.64 | (0.40) | (0.03) |
1/31/2014 | $11.52 | 0.44 | 0.02 | 0.46 | (0.39) | — |
1/31/2013 (d) | $11.29 | 0.13 | 0.28 | 0.41 | (0.18) | — |
72 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.38) | $11.62 | 12.37% | 0.40% | 0.40% (c) | 2.84% | 22% | $934,770 |
(0.75) | $10.69 | (3.10%) | 0.40% | 0.40% (c) | 3.12% | 26% | $927,086 |
(0.40) | $11.77 | 5.29% | 0.41% | 0.41% (c) | 2.99% | 29% | $1,042,888 |
(0.36) | $11.56 | 3.83% | 0.41% | 0.41% | 2.79% | 28% | $972,684 |
(0.43) | $11.48 | 9.98% | 0.42% | 0.42% (c) | 3.30% | 26% | $808,070 |
(0.29) | $11.68 | 11.47% | 1.15% | 1.15% (c) | 2.04% | 22% | $3,061 |
(0.66) | $10.75 | (3.81%) | 1.15% | 1.15% (c) | 2.34% | 26% | $5,435 |
(0.31) | $11.83 | 4.57% | 1.16% | 1.16% (c) | 2.17% | 29% | $18,941 |
(0.27) | $11.61 | 2.96% | 1.16% | 1.16% | 1.92% | 28% | $27,334 |
(0.35) | $11.54 | 9.18% | 1.17% | 1.17% (c) | 2.50% | 26% | $34,248 |
(0.29) | $11.66 | 11.39% | 1.15% | 1.15% (c) | 2.09% | 22% | $233,910 |
(0.66) | $10.74 | (3.73%) | 1.15% | 1.15% (c) | 2.38% | 26% | $222,383 |
(0.31) | $11.81 | 4.49% | 1.16% | 1.16% (c) | 2.26% | 29% | $238,901 |
(0.27) | $11.60 | 3.06% | 1.16% | 1.16% | 2.14% | 28% | $190,266 |
(0.35) | $11.52 | 9.14% | 1.17% | 1.17% (c) | 2.61% | 26% | $102,019 |
(0.39) | $11.64 | 12.47% | 0.35% | 0.35% | 2.89% | 22% | $3 |
(0.76) | $10.71 | (3.00%) | 0.35% | 0.35% | 3.18% | 26% | $3 |
(0.41) | $11.79 | 5.45% | 0.34% | 0.34% | 3.06% | 29% | $3 |
(0.36) | $11.57 | 3.80% | 0.34% | 0.34% | 2.60% | 28% | $40 |
(0.44) | $11.50 | 10.02% | 0.37% | 0.37% | 3.34% | 26% | $70 |
(0.35) | $11.68 | 12.02% | 0.65% | 0.65% (c) | 2.61% | 22% | $1,614 |
(0.72) | $10.75 | (3.33%) | 0.65% | 0.65% (c) | 2.87% | 26% | $1,190 |
(0.37) | $11.83 | 5.00% | 0.66% | 0.66% (c) | 2.75% | 29% | $1,172 |
(0.33) | $11.62 | 3.56% | 0.66% | 0.66% | 2.71% | 28% | $1,091 |
(0.41) | $11.54 | 9.68% | 0.67% | 0.67% (c) | 3.19% | 26% | $715 |
(0.40) | $11.65 | 12.62% | 0.15% | 0.15% (c) | 3.06% | 22% | $5,694 |
(0.78) | $10.72 | (2.85%) | 0.15% | 0.15% (c) | 3.33% | 26% | $3,585 |
(0.43) | $11.80 | 5.55% | 0.16% | 0.16% (c) | 3.28% | 29% | $4,786 |
(0.39) | $11.59 | 4.00% | 0.16% | 0.16% | 3.79% | 28% | $2,433 |
(0.18) | $11.52 | 3.61% | 0.13% (e) | 0.13% (e) | 5.21% (e) | 26% | $3 |
Prospectus 2017 | 73 |
Year ended |
Net
asset value,
beginning of period |
Net
investment income |
Net
realized and unrealized gain (loss) |
Total
from
investment operations |
Distributions
from net investment income |
Distributions
from net realized gains |
Class R5 | ||||||
1/31/2017 | $10.73 | 0.36 | 0.98 | 1.34 | (0.37) | (0.04) |
1/31/2016 | $11.81 | 0.40 | (0.70) | (0.30) | (0.41) | (0.37) |
1/31/2015 | $11.60 | 0.40 | 0.25 | 0.65 | (0.41) | (0.03) |
1/31/2014 | $11.52 | 0.42 | 0.05 | 0.47 | (0.39) | — |
1/31/2013 (f) | $11.29 | 0.14 | 0.27 | 0.41 | (0.18) | — |
Class W | ||||||
1/31/2017 | $10.69 | 0.32 | 0.98 | 1.30 | (0.34) | (0.04) |
1/31/2016 | $11.76 | 0.36 | (0.69) | (0.33) | (0.37) | (0.37) |
1/31/2015 (g) | $12.18 | 0.21 | (0.34) (h) | (0.13) | (0.26) | (0.03) |
Class Z | ||||||
1/31/2017 | $10.70 | 0.35 | 0.97 | 1.32 | (0.36) | (0.04) |
1/31/2016 | $11.77 | 0.38 | (0.67) | (0.29) | (0.41) | (0.37) |
1/31/2015 | $11.56 | 0.39 | 0.25 | 0.64 | (0.40) | (0.03) |
1/31/2014 | $11.49 | 0.38 | 0.08 | 0.46 | (0.39) | — |
1/31/2013 | $10.86 | 0.41 | 0.68 | 1.09 | (0.46) | — |
Notes to Financial Highlights | |
(a) | In addition to the fees and expenses that the Fund bears directly, the Fund indirectly bears a pro rata share of the fees and expenses of any other funds in which it invests. Such indirect expenses are not included in the Fund's reported expense ratios. |
(b) | Total net expenses include the impact of certain fee waivers/expense reimbursements made by the Investment Manager and certain of its affiliates, if applicable. |
(c) | The benefits derived from expense reductions had an impact of less than 0.01%. |
(d) | Class R4 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(e) | Annualized. |
(f) | Class R5 shares commenced operations on November 8, 2012. Per share data and total return reflect activity from that date. |
(g) | Class W shares commenced operations on June 25, 2014. Per share data and total return reflect activity from that date. |
(h) | Calculation of the net gain (loss) per share (both realized and unrealized) does not correlate to the aggregate realized and unrealized gain (loss) presented in the Statement of Operations due to the timing of the Fund's units issued and units redeemed in relation to fluctuations in the market value of the portfolio. |
74 | Prospectus 2017 |
Total
distributions to shareholders |
Net
asset value, end of period |
Total
return |
Total
gross
expense ratio to average net assets (a) |
Total
net
expense ratio to average net assets (a), (b) |
Net
investment
income ratio to average net assets |
Portfolio
turnover |
Net
assets, end of period (000's) |
(0.41) | $11.66 | 12.66% | 0.10% | 0.10% | 3.16% | 22% | $2,531 |
(0.78) | $10.73 | (2.79%) | 0.10% | 0.10% | 3.53% | 26% | $1,294 |
(0.44) | $11.81 | 5.61% | 0.10% | 0.10% | 3.32% | 29% | $792 |
(0.39) | $11.60 | 4.14% | 0.09% | 0.09% | 3.63% | 28% | $328 |
(0.18) | $11.52 | 3.61% | 0.10% (e) | 0.10% (e) | 5.23% (e) | 26% | $3 |
(0.38) | $11.61 | 12.27% | 0.42% | 0.42% (c) | 2.82% | 22% | $10 |
(0.74) | $10.69 | (3.04%) | 0.41% | 0.41% (c) | 3.12% | 26% | $9 |
(0.29) | $11.76 | (1.12%) | 0.44% (e) | 0.44% (c), (e) | 2.98% (e) | 29% | $10 |
(0.40) | $11.62 | 12.55% | 0.15% | 0.15% (c) | 3.11% | 22% | $44,030 |
(0.78) | $10.70 | (2.77%) | 0.15% | 0.15% (c) | 3.34% | 26% | $36,263 |
(0.43) | $11.77 | 5.56% | 0.16% | 0.16% (c) | 3.26% | 29% | $52,419 |
(0.39) | $11.56 | 4.00% | 0.16% | 0.16% | 3.30% | 28% | $41,893 |
(0.46) | $11.49 | 10.25% | 0.17% | 0.17% (c) | 3.68% | 26% | $7,672 |
Prospectus 2017 | 75 |
A-1 | Prospectus 2017 |
Prospectus 2017 | A-2 |
A-3 | Prospectus 2017 |
Prospectus 2017 | A-4 |
A-5 | Prospectus 2017 |
Prospectus 2017 | A-6 |
A-7 | Prospectus 2017 |
Prospectus 2017 | A-8 |
A-9 | Prospectus 2017 |
Prospectus 2017 | A-10 |
A-11 | Prospectus 2017 |
Prospectus 2017 | A-12 |
A-13 | Prospectus 2017 |
■ | It is organized under the laws of a European country or has a principal office in a European country; |
■ | It derives at least 50% of its total revenues from businesses in Europe; or |
■ | Its equity securities are traded principally on a stock exchange in Europe. |
Prospectus 2017 | A-14 |
A-15 | Prospectus 2017 |
Prospectus 2017 | A-16 |
A-17 | Prospectus 2017 |
Prospectus 2017 | A-18 |
A-19 | Prospectus 2017 |
Prospectus 2017 | A-20 |
A-21 | Prospectus 2017 |
Prospectus 2017 | A-22 |
A-23 | Prospectus 2017 |
Prospectus 2017 | A-24 |
A-25 | Prospectus 2017 |
■ | normally invests no more than 5% of its total assets in a single security; |
■ | typically invests up to the greater of (i) 20% of its total assets in a single country or industry or (ii) 150% of the weighting of a single country or industry in the MSCI Europe, Australasia, Far East (MSCI EAFE) Value Index (limited to less than 25% of its total assets in a single industry, other than U.S. Government obligations); and |
■ | generally may not invest more than 20% of its total assets in emerging markets. |
Prospectus 2017 | A-26 |
A-27 | Prospectus 2017 |
Prospectus 2017 | A-28 |
A-29 | Prospectus 2017 |
Prospectus 2017 | A-30 |
■ | Buys securities determined to present minimal credit risk by Columbia Management Investment Advisers, LLC (the Investment Manager). |
■ | Limits its U.S. dollar-weighted average portfolio maturity to 60 days or less and its U.S. dollar-weighted average life to 120 days or less. |
■ | Buys obligations with remaining maturities of 397 days or less (as maturity is calculated by SEC rules governing the operation of money market funds). |
■ | Buys only obligations that are denominated in U.S. dollars. |
A-31 | Prospectus 2017 |
Prospectus 2017 | A-32 |
A-33 | Prospectus 2017 |
Prospectus 2017 | A-34 |
B-1 | Prospectus 2017 |
Prospectus 2017 | B-2 |
B-3 | Prospectus 2017 |
Prospectus 2017 | B-4 |
B-5 | Prospectus 2017 |
Prospectus 2017 | B-6 |
B-7 | Prospectus 2017 |
Prospectus 2017 | B-8 |
B-9 | Prospectus 2017 |
Prospectus 2017 | B-10 |
B-11 | Prospectus 2017 |
Prospectus 2017 | B-12 |
B-13 | Prospectus 2017 |
Prospectus 2017 | B-14 |
B-15 | Prospectus 2017 |
Prospectus 2017 | B-16 |
B-17 | Prospectus 2017 |
Columbia Seligman Global Technology Fund | ||
Class A: SHGTX | Class B: SHTBX | Class C: SHTCX |
Class K: SGTSX | Class R: SGTRX | Class R4: CCHRX |
Class R5: SGTTX | Class Y: CGTYX | Class Z: CSGZX |
Columbia Small/Mid Cap Value Fund | ||
Class A: AMVAX | Class B: AMVBX | Class C: AMVCX |
Class K: RMCVX | Class R: RMVTX | Class R4: RMCRX |
Class R5: RSCMX | Class T: CVOWX | Class Y: CPHPX |
Class Z: CMOZX | ||
Columbia Strategic Municipal Income Fund | ||
Class A: INTAX | Class B: ITEBX | Class C: RTCEX |
Class R4: CATRX | Class R5: CADNX | Class T: CMTTX |
Class Y: CATYX | Class Z: CATZX |
Columbia U.S. Government Mortgage Fund | ||
Class A: AUGAX | Class B: AUGBX | Class C: AUGCX |
Class K: RSGYX | Class R: CUGUX | Class R4: CUVRX |
Class R5: CGVRX | Class T: CGMWX | Class Y: CUGYX |
Class Z: CUGZX | ||
Multi-Manager Value Strategies Fund | ||
Class A: CDEIX | Class Z: CZMVX |
|
2 |
|
8 |
|
11 |
|
21 |
|
21 |
|
57 |
|
84 |
|
85 |
|
86 |
|
86 |
|
107 |
|
111 |
|
114 |
|
116 |
|
118 |
|
123 |
|
125 |
|
127 |
|
131 |
|
131 |
|
135 |
|
135 |
|
148 |
|
154 |
|
154 |
|
157 |
|
160 |
|
161 |
|
166 |
|
166 |
|
166 |
|
166 |
|
171 |
|
173 |
|
175 |
|
175 |
|
176 |
|
178 |
|
178 |
|
179 |
|
181 |
|
201 |
|
265 |
|
A-1 |
|
B-1 |
|
C-1 |
|
D-1 |
|
S-1 |
Statement of Additional Information – June 1, 2017 | 1 |
■ | the organization of each Trust; |
■ | the Funds' investments; |
■ | the Funds' investment adviser, investment subadviser(s) (if any) and other service providers, including roles and relationships of Ameriprise Financial and its affiliates, and conflicts of interest; |
■ | the governance of the Funds; |
■ | the Funds' brokerage practices; |
■ | the share classes offered by the Funds; |
■ | the purchase, redemption and pricing of Fund shares; and |
■ | the application of U.S. federal income tax laws. |
1933 Act | Securities Act of 1933, as amended |
1934 Act | Securities Exchange Act of 1934, as amended |
1940 Act | Investment Company Act of 1940, as amended |
Administrative Services Agreement | The Administrative Services Agreement, as amended, if applicable, between a Trust, on behalf of the Funds, and the Investment Manager |
Ameriprise Financial | Ameriprise Financial, Inc. |
BANA | Bank of America, National Association |
Bank of America | Bank of America Corporation |
BFDS/DST | Boston Financial Data Services, Inc./DST Systems, Inc. |
Barrow Hanley | Barrow, Hanley, Mewhinney & Strauss, LLC |
Board | The Trusts' Board of Trustees |
Statement of Additional Information – June 1, 2017 | 2 |
Board Services | Board Services Corporation |
Business Day | Any day on which the NYSE is open for business. A business day typically ends at the close of regular trading on the NYSE, usually at 4:00 p.m. Eastern time. If the NYSE is scheduled to close early, the business day will be considered to end as of the time of the NYSE’s scheduled close. The Fund will not treat an intraday unscheduled disruption in NYSE trading or an intraday unscheduled closing as a close of regular trading on the NYSE for these purposes and will price its shares as of the regularly scheduled closing time for that day (typically, 4:00 p.m. Eastern time). Notwithstanding the foregoing, the NAV of Fund shares may be determined at such other time or times (in addition to or in lieu of the time set forth above) as the Fund’s Board may approve or ratify. On holidays and other days when the NYSE is closed, the Fund's NAV is not calculated and the Fund does not accept buy or sell orders. However, the value of the Fund's assets may still be affected on such days to the extent that the Fund holds foreign securities that trade on days that foreign securities markets are open. |
Capital Allocation Portfolios | Collectively, Columbia Capital Allocation Aggressive Portfolio, Columbia Capital Allocation Conservative Portfolio, Columbia Capital Allocation Moderate Aggressive Portfolio, Columbia Capital Allocation Moderate Conservative Portfolio and Columbia Capital Allocation Moderate Portfolio |
CEA | Commodity Exchange Act |
CFST | Columbia Funds Series Trust |
CFST I | Columbia Funds Series Trust I |
CFST II | Columbia Funds Series Trust II |
CFTC | The United States Commodities Futures Trading Commission |
CMOs | Collateralized mortgage obligations |
Code | Internal Revenue Code of 1986, as amended |
Codes of Ethics | The codes of ethics adopted by the Funds, the Investment Manager, Columbia Management Investment Distributors, Inc. and/or any sub-adviser, as applicable, pursuant to Rule 17j-1 under the 1940 Act |
Columbia Funds Complex | The fund complex that is comprised of the registered investment companies advised by the Investment Manager or its affiliates |
Columbia Funds or Columbia Fund Family | The open-end investment management companies, including the Funds, advised by the Investment Manager or its affiliates or principally underwritten by the Distributor |
Columbia Management | Columbia Management Investment Advisers, LLC |
Custodian | JPMorgan Chase Bank, N.A. |
DFA | Dimensional Fund Advisors LP |
Diamond Hill | Diamond Hill Capital Management, Inc. |
Distribution Agreement | The Distribution Agreement between a Trust, on behalf of the Funds, and the Distributor |
Distribution Plan(s) | One or more of the plans adopted by the Board pursuant to Rule 12b-1 under the 1940 Act for the distribution of the Funds’ shares |
Distributor | Columbia Management Investment Distributors, Inc. |
Donald Smith | Donald Smith & Co., Inc. |
FDIC | Federal Deposit Insurance Corporation |
FHLMC | The Federal Home Loan Mortgage Corporation |
Fitch | Fitch, Inc. |
FNMA | Federal National Mortgage Association |
The Fund(s) or a Fund | One or more of the open-end management investment companies listed on the front cover of this SAI |
GNMA | Government National Mortgage Association |
Statement of Additional Information – June 1, 2017 | 3 |
Independent Trustees | The Trustees of the Board who are not “interested persons” (as defined in the 1940 Act) of the Funds |
Interested Trustees | The Trustees of the Board who are currently deemed to be “interested persons” (as defined in the 1940 Act) of the Funds |
Investment Management Services Agreement | The Investment Management Services Agreements, as amended, if applicable, between a Trust, on behalf of the Funds, and the Investment Manager |
Investment Manager | Columbia Management Investment Advisers, LLC |
IRS | United States Internal Revenue Service |
JPMorgan | JPMorgan Chase Bank, N.A., the Funds' custodian |
LIBOR | London Interbank Offered Rate |
Management Agreement | The Management Agreements, as amended, if applicable, between a Trust, on behalf of the Funds, and the Investment Manager |
Marsico Capital | Marsico Capital Management, LLC |
MetWest Capital | Metropolitan West Capital Management, LLC |
Moody’s | Moody’s Investors Service, Inc. |
Multi-Manager Strategies Funds | Multi-Manager Alternative Strategies Fund, Multi-Manager Directional Alternative Strategies Fund, Multi-Manager Growth Strategies Fund, Multi-Manager Small Cap Equity Strategies Fund, Multi-Manager Total Return Bond Strategies Fund and Multi-Manager Value Strategies Fund. Shares of the Multi-Manager Strategies Funds are offered only through certain wrap fee programs sponsored and/or managed by Ameriprise Financial, Inc. or its affiliates. |
NASDAQ | National Association of Securities Dealers Automated Quotations system |
Nations Funds | The Funds within the Columbia Funds Complex that historically bore the Nations brand and includes series of CFST |
NAV | Net asset value per share of a Fund |
NRSRO | Nationally recognized statistical ratings organization (such as, for example, Moody’s, Fitch or S&P) |
NSCC | National Securities Clearing Corporation |
NYSE | New York Stock Exchange |
Previous Adviser | Columbia Management Advisors, LLC, the investment adviser of certain Columbia Funds prior to May 1, 2010 when Ameriprise Financial acquired the long-term asset management business of the Previous Adviser, which was an indirect wholly-owned subsidiary of Bank of America. |
Previous Distributor | Columbia Management Distributors, Inc., the distributor of certain Columbia Funds prior to May 1, 2010 when Ameriprise Financial acquired the long-term asset management business of the Previous Adviser, which was an indirect wholly-owned subsidiary of Bank of America. |
Previous Transfer Agent | Columbia Management Services, Inc., the transfer agent of certain Columbia Funds prior to May 1, 2010 when Ameriprise Financial acquired the long-term asset management business of the Previous Adviser, which was an indirect wholly-owned subsidiary of Bank of America. |
PwC | PricewaterhouseCoopers LLP |
REIT | Real estate investment trust |
REMIC | Real estate mortgage investment conduit |
RIC | A “regulated investment company,” as such term is used in the Code |
RiverSource Funds | The Funds within the Columbia Funds Complex that historically bore the RiverSource brand and includes series of CFST II |
Statement of Additional Information – June 1, 2017 | 4 |
S&P | Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“Standard & Poor’s” and “S&P” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by the Investment Manager. The Columbia Funds are not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the Columbia Funds) |
SAI | This Statement of Additional Information, as amended and supplemented from time-to-time |
SBH | Segall Bryant & Hamill, LLC |
Seligman Funds | The Funds within the Columbia Fund Complex that historically bore the Seligman brand and includes series of CFST II |
SEC | United States Securities and Exchange Commission |
Shares | Shares of a Fund |
State Tax-Exempt Funds and State Municipal Bond Funds | Collectively, AMT-Free CA Intermediate Muni Bond Fund, AMT-Free GA Intermediate Muni Bond Fund, AMT-Free MD Intermediate Muni Bond Fund, MN Tax-Exempt Fund, AMT-Free NC Intermediate Muni Bond Fund, AMT-Free SC Intermediate Muni Bond Fund and AMT-Free VA Intermediate Muni Bond Fund |
Subadvisory Agreement | The Subadvisory Agreement among the Trust on behalf of the Fund(s), the Investment Manager and a Fund’s investment subadviser(s), as the context may require |
Subsidiary | One or more wholly-owned subsidiaries of a Fund |
Threadneedle | Threadneedle International Limited |
Transfer Agency Agreement | The Transfer and Dividend Disbursing Agent Agreement between the Trust, on behalf of the Funds, and the Transfer Agent |
Transfer Agent | Columbia Management Investment Services Corp. |
Trustee(s) | One or more members of the Board’s Trustees |
Trusts | CFST and CFST II, the registered investment companies in the Columbia Fund Family to which this SAI relates |
VP – Managed Volatility Funds | Columbia Variable Portfolio – Managed Volatility Conservative Fund, Columbia Variable Portfolio – Managed Volatility Conservative Growth Fund, Columbia Variable Portfolio – Managed Volatility Growth Fund, Columbia Variable Portfolio – Managed Volatility Moderate Growth Fund, Columbia Variable Portfolio – U.S. Flexible Conservative Growth Fund, Columbia Variable Portfolio – U.S. Flexible Growth Fund and Columbia Variable Portfolio – U.S. Flexible Moderate Growth Fund |
Fund Name: | Referred to as: | |
Columbia Absolute Return Currency and Income Fund | Absolute Return Currency and Income Fund | |
Columbia AMT-Free California Intermediate Muni Bond Fund | AMT-Free CA Intermediate Muni Bond Fund | |
Columbia AMT-Free Georgia Intermediate Muni Bond Fund | AMT-Free GA Intermediate Muni Bond Fund | |
Columbia AMT-Free Maryland Intermediate Muni Bond Fund | AMT-Free MD Intermediate Muni Bond Fund | |
Columbia AMT-Free North Carolina Intermediate Muni Bond Fund | AMT-Free NC Intermediate Muni Bond Fund | |
Columbia AMT-Free South Carolina Intermediate Muni Bond Fund | AMT-Free SC Intermediate Muni Bond Fund | |
Columbia AMT-Free Virginia Intermediate Muni Bond Fund | AMT-Free VA Intermediate Muni Bond Fund | |
Columbia Asia Pacific ex-Japan Fund | Asia Pacific ex-Japan Fund | |
Columbia Capital Allocation Aggressive Portfolio | Capital Allocation Aggressive Portfolio | |
Columbia Capital Allocation Conservative Portfolio | Capital Allocation Conservative Portfolio | |
Columbia Capital Allocation Moderate Aggressive Portfolio | Capital Allocation Moderate Aggressive Portfolio | |
Columbia Capital Allocation Moderate Conservative Portfolio | Capital Allocation Moderate Conservative Portfolio | |
Columbia Capital Allocation Moderate Portfolio | Capital Allocation Moderate Portfolio |
Statement of Additional Information – June 1, 2017 | 5 |
Fund Name: | Referred to as: | |
Columbia Commodity Strategy Fund | Commodity Strategy Fund | |
Columbia Convertible Securities Fund | Convertible Securities Fund | |
Columbia Disciplined Core Fund | Disciplined Core Fund | |
Columbia Disciplined Growth Fund | Disciplined Growth Fund | |
Columbia Disciplined Value Fund | Disciplined Value Fund | |
Columbia Diversified Equity Income Fund | Diversified Equity Income Fund | |
Columbia Dividend Opportunity Fund | Dividend Opportunity Fund | |
Columbia Emerging Markets Bond Fund | Emerging Markets Bond Fund | |
Columbia European Equity Fund | European Equity Fund | |
Columbia Flexible Capital Income Fund | Flexible Capital Income Fund | |
Columbia Floating Rate Fund | Floating Rate Fund | |
Columbia Global Bond Fund | Global Bond Fund | |
Columbia Global Equity Value Fund | Global Equity Value Fund | |
Columbia Global Infrastructure Fund | Global Infrastructure Fund | |
Columbia Global Opportunities Fund | Global Opportunities Fund | |
Columbia Global Strategic Equity Fund | Global Strategic Equity Fund | |
Columbia Government Money Market Fund | Government Money Market Fund | |
Columbia High Yield Bond Fund | High Yield Bond Fund | |
Columbia Income Builder Fund | Income Builder Fund | |
Columbia Income Opportunities Fund | Income Opportunities Fund | |
Columbia Inflation Protected Securities Fund | Inflation Protected Securities Fund | |
Columbia Large Cap Enhanced Core Fund | Large Cap Enhanced Core Fund | |
Columbia Large Cap Growth Fund III | Large Cap Growth Fund III | |
Columbia Large Cap Index Fund | Large Cap Index Fund | |
Columbia Limited Duration Credit Fund | Limited Duration Credit Fund | |
Columbia Mid Cap Index Fund | Mid Cap Index Fund | |
Columbia Mid Cap Value Fund | Mid Cap Value Fund | |
Columbia Minnesota Tax-Exempt Fund | MN Tax-Exempt Fund | |
Columbia Mortgage Opportunities Fund | Mortgage Opportunities Fund | |
Columbia Overseas Value Fund | Overseas Value Fund | |
Columbia Select Global Equity Fund | Select Global Equity Fund | |
Columbia Select Global Growth Fund | Select Global Growth Fund | |
Columbia Select International Equity Fund | Select International Equity Fund | |
Columbia Select Large Cap Equity Fund | Select Large Cap Equity Fund | |
Columbia Select Large-Cap Value Fund | Select Large-Cap Value Fund | |
Columbia Select Smaller-Cap Value Fund | Select Smaller-Cap Value Fund | |
Columbia Seligman Communications and Information Fund | Seligman Communications and Information Fund | |
Columbia Seligman Global Technology Fund | Seligman Global Technology Fund | |
Columbia Short Term Bond Fund | Short Term Bond Fund | |
Columbia Short Term Municipal Bond Fund | Short Term Municipal Bond Fund | |
Columbia Small Cap Index Fund | Small Cap Index Fund | |
Columbia Small Cap Value Fund II | Small Cap Value Fund II | |
Columbia Small/Mid Cap Value Fund | Small/Mid Cap Value Fund | |
Columbia Strategic Municipal Income Fund | Strategic Municipal Income Fund |
Statement of Additional Information – June 1, 2017 | 6 |
Fund Name: | Referred to as: | |
Columbia U.S. Government Mortgage Fund | U.S. Government Mortgage Fund | |
Multi-Manager Value Strategies Fund | MM Value Strategies Fund |
Statement of Additional Information – June 1, 2017 | 7 |
Statement of Additional Information – June 1, 2017 | 8 |
Fund | Fiscal Year End | Prospectus Date |
Date
Began
Operations* |
Diversified** | Fund Investment Category*** |
Global Strategic Equity Fund | January 31 | 6/1/2017 | 10/15/1996 | Yes | Fund-of-funds – equity |
Government Money Market Fund | July 31 | 10/1/2016 | 10/6/1975 | Yes | Taxable money market |
High Yield Bond Fund | May 31 | 10/1/2016 | 12/8/1983 | Yes | Taxable fixed income |
Income Builder Fund | January 31 | 6/1/2017 | 2/16/2006 | Yes | Fund-of-funds – fixed income |
Income Opportunities Fund | July 31 | 12/1/2016 | 6/19/2003 | Yes | Taxable fixed income |
Inflation Protected Securities Fund | July 31 | 12/1/2016 | 3/4/2004 | Yes | Taxable fixed income |
Large Cap Enhanced Core Fund | February 28/29 | 7/1/2016 | 7/31/1996 | Yes | Equity |
Large Cap Growth Fund III | February 28/29 | 7/1/2016 | 12/31/1997 | Yes | Equity |
Large Cap Index Fund | February 28/29 | 7/1/2016 | 12/15/1993 | Yes | Equity |
Limited Duration Credit Fund | July 31 | 12/1/2016 | 6/19/2003 | Yes | Taxable fixed income |
Mid Cap Index Fund | February 28/29 | 7/1/2016 | 3/31/2000 | Yes | Equity |
Mid Cap Value Fund | February 28/29 | 7/1/2016 | 11/20/2001 | Yes | Equity |
MM Value Strategies Fund | May 31 | 10/1/2016 | 4/20/2012 | Yes | Equity |
MN Tax-Exempt Fund | July 31 | 12/1/2016 | 8/18/1986 | No | Tax-exempt fixed income |
Mortgage Opportunities Fund | May 31 | 10/1/2016 | 4/30/2014 | No | Taxable fixed income |
Overseas Value Fund | February 28/29 | 7/1/2016 | 3/31/2008 | Yes | Equity |
Select Global Equity Fund | October 31 | 3/1/2017 | 5/29/1990 | Yes | Equity |
Select Global Growth Fund | February 28/29 | 7/1/2016 | 4/30/2008 | Yes | Equity |
Select International Equity Fund | February 28/29 | 7/1/2016 | 12/2/1991 | Yes | Equity |
Select Large Cap Equity Fund | February 28/29 | 7/1/2016 | 10/2/1998 | Yes | Equity |
Select Large-Cap Value Fund | May 31 | 10/1/2016 | 4/25/1997 | Yes | Equity |
Select Smaller-Cap Value Fund | May 31 | 10/1/2016 | 4/25/1997 | Yes | Equity |
Seligman Communications and Information Fund | May 31 | 10/1/2016 | 6/23/1983 | No | Equity |
Seligman Global Technology Fund | October 31 | 3/1/2017 | 5/23/1994 | No | Equity |
Short Term Bond Fund | March 31 | 8/1/2016 | 9/30/1992 | Yes | Taxable fixed income |
Short Term Municipal Bond Fund | April 30 | 9/1/2016 | 10/7/1993 | Yes | Tax-exempt fixed income |
Small Cap Index Fund | February 28/29 | 7/1/2016 | 10/15/1996 | Yes | Equity |
Small Cap Value Fund II | February 28/29 | 7/1/2016 | 5/1/2002 | Yes | Equity |
Small/Mid Cap Value Fund | May 31 | 10/1/2016 | 2/14/2002 | Yes | Equity |
Strategic Municipal Income Fund | July 31 | 12/1/2016 | 11/24/1976 | Yes | Tax-exempt fixed income |
U.S. Government Mortgage Fund | May 31 | 10/1/2016 | 2/14/2002 | Yes | Taxable fixed income |
* | Certain Funds reorganized into series of the Trust. The date of operations for these Funds represents the date on which the predecessor funds began operation. |
** | A “diversified” Fund may not, with respect to 75% of its total assets, invest more than 5% of its total assets in securities of any one issuer or purchase more than 10% of the outstanding voting securities of any one issuer, except obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities and except securities of other investment companies. A “non-diversified” Fund may invest a greater percentage of its total assets in the securities of fewer issuers than a “diversified” fund, which increases the risk that a change in the value of any one investment held by the Fund could affect the overall value of the Fund more than it would affect that of a “diversified” fund holding a greater number of investments. Accordingly, a “non-diversified” Fund’s value will likely be more volatile than the value of a more diversified fund. |
*** | The Fund Investment Category is used as a convenient way to describe Funds in this SAI and should not be deemed a description of the Fund’s principal investment strategies, which are described in the Fund’s prospectus. |
Statement of Additional Information – June 1, 2017 | 9 |
Fund | Effective Date of Name Change | Previous Fund Name |
AMT-Free CA Intermediate Muni Bond Fund | July 7, 2014 | Columbia California Intermediate Municipal Bond Fund |
AMT-Free GA Intermediate Muni Bond Fund | July 7, 2014 | Columbia Georgia Intermediate Municipal Bond Fund |
AMT-Free MD Intermediate Muni Bond Fund | July 7, 2014 | Columbia Maryland Intermediate Municipal Bond Fund |
AMT-Free NC Intermediate Muni Bond Fund | July 7, 2014 | Columbia North Carolina Intermediate Municipal Bond Fund |
AMT-Free SC Intermediate Muni Bond Fund | July 7, 2014 | Columbia South Carolina Intermediate Municipal Bond Fund |
AMT-Free VA Intermediate Muni Bond Fund | July 7, 2014 | Columbia Virginia Intermediate Municipal Bond Fund |
Capital Allocation Aggressive Portfolio | December 14, 2012 | Columbia Portfolio Builder Aggressive Fund |
Capital Allocation Conservative Portfolio | December 14, 2012 | Columbia Portfolio Builder Conservative Fund |
Capital Allocation Moderate Aggressive Portfolio | December 14, 2012 | Columbia LifeGoal Balanced Growth Fund |
Capital Allocation Moderate Conservative Portfolio | December 14, 2012 | Columbia LifeGoal Income and Growth Portfolio |
Capital Allocation Moderate Portfolio | December 14, 2012 | Columbia Portfolio Builder Moderate Fund |
Disciplined Core Fund | December 21, 2015 | Columbia Large Core Quantitative Fund |
Disciplined Growth Fund | December 21, 2015 | Columbia Large Growth Quantitative Fund |
Disciplined Value Fund | December 21, 2015 | Columbia Large Value Quantitative Fund |
Global Equity Value Fund | September 5, 2014 | Columbia Equity Value Fund |
Global Infrastructure Fund | December 11, 2013 | Columbia Recovery and Infrastructure Fund |
Global Opportunities Fund | December 14, 2012 | Columbia Strategic Allocation Fund |
Global Strategic Equity Fund | June 2, 2015 | Columbia LifeGoal ® Growth Portfolio |
Government Money Market Fund | October 1, 2016 | Columbia Money Market Fund |
Large Cap Growth Fund III | November 20, 2015 | Columbia Marsico Focused Equities Fund |
MM Value Strategies Fund | February 28, 2017 | Active Portfolios ® Multi-Manager Value Fund |
December 11, 2013 | Columbia Active Portfolios – Diversified Equity Income Fund | |
Select Global Equity Fund | January 15, 2015 | Columbia Global Equity Fund |
Select Global Growth Fund | November 20, 2015 | Columbia Marsico Global Fund |
Select International Equity Fund | May 1, 2015 | Columbia Multi-Advisor International Equity Fund |
Select Large Cap Equity Fund | December 11, 2013 | Columbia Large Cap Core Fund |
Small/Mid Cap Value Fund | July 7, 2014 | Columbia Mid Cap Value Opportunity |
Strategic Municipal Income Fund | April 18, 2016 | Columbia AMT-Free Tax-Exempt Bond Fund |
Statement of Additional Information – June 1, 2017 | 10 |
Fund |
A
Buy or sell real estate |
B
Buy or sell commodities |
C
Issuer Diversification |
D
Concentrate in any one industry |
E
Invest 80% |
F
Act as an underwriter |
G
Lending |
H
Borrow money |
I
Issue senior securities |
J
Buy on margin/ sell short |
Absolute Return Currency and Income Fund | A1 | B1 | C5 | D12 | — | F1 | G1 | H1 | I1 | — |
AMT-Free CA Intermediate Muni Bond Fund | A4 | B6 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
AMT-Free GA Intermediate Muni Bond Fund | A4 | B6 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
AMT-Free MD Intermediate Muni Bond Fund | A4 | B6 | — | D6 | E3 | F3 | G3 | H2 | I3 | — |
AMT-Free NC Intermediate Muni Bond Fund | A4 | B6 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
AMT-Free SC Intermediate Muni Bond Fund | A4 | B6 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
AMT-Free VA Intermediate Muni Bond Fund | A4 | B6 | C2 | D6 | E3 | F3 | G3 | H2 | I3 | — |
Asia Pacific ex-Japan Fund | A1 | B2 | C5 | D1 | — | F1 | G1 | H1 | I1 | — |
Capital Allocation Aggressive Portfolio | A1 | B1 | C5 | D2 | — | F1 | G1 | H1 | I1 | — |
Capital Allocation Conservative Portfolio | A1 | B1 | C5 | D2 | — | F1 | G1 | H1 | I1 | — |
Capital Allocation Moderate Aggressive Portfolio | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Capital Allocation Moderate Conservative Portfolio | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Capital Allocation Moderate Portfolio | A1 | B1 | C5 | D2 | — | F1 | G1 | H1 | I1 | — |
Commodity Strategy Fund | A1 | B9 | C5 | D5 | — | F1 | G1 | H1 | I1 | — |
Convertible Securities Fund | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Statement of Additional Information – June 1, 2017 | 11 |
Fund |
A
Buy or sell real estate |
B
Buy or sell commodities |
C
Issuer Diversification |
D
Concentrate in any one industry |
E
Invest 80% |
F
Act as an underwriter |
G
Lending |
H
Borrow money |
I
Issue senior securities |
J
Buy on margin/ sell short |
Disciplined Core Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Disciplined Growth Fund | A1 | B2 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Disciplined Value Fund | A1 | B2 | C5 | D1 | — | F1 | G1 | H1 | I1 | — |
Diversified Equity Income Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Dividend Opportunity Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Emerging Markets Bond Fund | A1 | B3 | — | D3 | — | F1 | G1 | H1 | I1 | — |
European Equity Fund | A1 | B1 | — | D1 | — | F1 | G1 | H1 | I1 | — |
Flexible Capital Income Fund | A1 | B9 | C5 | D5 | — | F1 | G1 | H1 | I1 | — |
Floating Rate Fund | A1 | B3 | C1 | D4 | — | F1 | G1 | H1 | I1 | — |
Global Bond Fund | A1 | B1 | C6 | D1 | — | F1 | G1 | H1 | I1 | — |
Global Equity Value Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Global Infrastructure Fund | A1 | B3 | C5 | D1 | — | F1 | G1 | H1 | I1 | — |
Global Opportunities Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Global Strategic Equity Fund | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Government Money Market Fund | A2 | A2 | C1 | D13 | — | F1 | G1 | H1 | I1 | J1 |
High Yield Bond Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Income Builder Fund | A1 | B3 | C5 | D2 | — | F1 | G1 | H1 | I1 | — |
Income Opportunities Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Inflation Protected Securities Fund | A1 | B1 | — | D1 | — | F1 | G1 | H1 | I1 | — |
Large Cap Enhanced Core Fund | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Large Cap Growth Fund III | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Large Cap Index Fund | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Limited Duration Credit Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Mid Cap Index Fund | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Mid Cap Value Fund | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
MM Value Strategies Fund | A1 | B8 | C5 | D12 | — | F1 | G1 | H1 | I1 | — |
MN Tax-Exempt Fund | A1 | B1 | — | D7 | E1 | F1 | G1 | H1 | I1 | — |
Mortgage Opportunities Fund | A1 | B1 | — | D11 | — | F1 | G1 | H1 | I1 | — |
Overseas Value Fund | A5 | B7 | C4 | D12 | — | F4 | G4 | H3 | I4 | — |
Select Global Equity Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Select Global Growth Fund | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Select International Equity Fund | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Select Large Cap Equity Fund | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Select Large-Cap Value Fund | A3 | B5 | C3 | D10 | — | F2 | G2 | I2 | I2 | J2 |
Select Smaller-Cap Value Fund | A3 | B5 | C3 | D10 | — | F2 | G2 | I2 | I2 | J2 |
Seligman Communications and Information Fund | A3 | B5 | — | D9 | — | F2 | G2 | I2 | I2 | J2 |
Seligman Global Technology Fund | A3 | B5 | — | D8 | — | F2 | G2 | I2 | I2 | J2 |
Short Term Bond Fund | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Short Term Municipal Bond Fund | A4 | B6 | C2 | D6 | E4 | F3 | G3 | H2 | I3 | — |
Small Cap Index Fund | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Small Cap Value Fund II | A4 | B6 | C2 | D6 | — | F3 | G3 | H2 | I3 | — |
Small/Mid Cap Value Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
Statement of Additional Information – June 1, 2017 | 12 |
Fund |
A
Buy or sell real estate |
B
Buy or sell commodities |
C
Issuer Diversification |
D
Concentrate in any one industry |
E
Invest 80% |
F
Act as an underwriter |
G
Lending |
H
Borrow money |
I
Issue senior securities |
J
Buy on margin/ sell short |
Strategic Municipal Income Fund | A1 | B1 | C1 | D7 | E2 | F1 | G1 | H1 | I1 | — |
U.S. Government Mortgage Fund | A1 | B1 | C1 | D1 | — | F1 | G1 | H1 | I1 | — |
A. | Buy or sell real estate |
A1 – | The Fund will not buy or sell real estate, unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from investing in securities or other instruments backed by real estate or securities of companies engaged in the real estate business or real estate investment trusts. For purposes of this policy, real estate includes real estate limited partnerships. |
A2 – | The Fund will not buy or sell real estate, commodities or commodity contracts. For purposes of this policy, real estate includes real estate limited partnerships. |
A3 – | The Fund will not purchase or hold any real estate, except that a Fund may invest in securities secured by real estate or interests therein or issued by persons (other than real estate investment trusts) which deal in real estate or interests therein. |
A4 – | The Fund may not purchase or sell real estate, except the Fund may purchase securities of issuers which deal or invest in real estate and may purchase securities which are secured by real estate or interests in real estate. |
A5 – | The Fund may not purchase or sell real estate, except the Fund may: (i) purchase securities of issuers which deal or invest in real estate, (ii) purchase securities which are secured by real estate or interests in real estate and (iii) hold and dispose of real estate or interests in real estate acquired through the exercise of its rights as a holder of securities which are secured by real estate or interests therein. |
B. | Buy or sell physical commodities* |
B1 – | The Fund will not buy or sell physical commodities unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from buying or selling options and futures contracts (and, in the case of Mortgage Opportunities Fund, swaps) or from investing in securities or other instruments backed by, or whose value is derived from, physical commodities. |
B2 – | The Fund will not buy or sell physical commodities unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from buying or selling options, futures contracts and foreign currency or from investing in securities or other instruments backed by, or whose value is derived from, physical commodities. |
B3 – | The Fund will not buy or sell physical commodities unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from buying or selling options, futures contracts and foreign currency or from entering into forward currency contracts or from investing in securities or other instruments backed by, or whose value is derived from, physical commodities. |
B4 – | The Fund will not buy or sell commodities, except that the Fund may to the extent consistent with its investment objective(s), invest in securities of companies that purchase or sell commodities or which invest in such programs, and purchase and sell options, forward contracts, futures contracts, and options on futures contracts and enter into swap contracts and other financial transactions relating to commodities. This restriction does not apply to foreign currency transactions including without limitation forward currency contracts. |
B5 – | The Fund will not purchase or sell commodities or commodity contracts, except to the extent permissible under applicable law and interpretations, as they may be amended from time to time. |
B6 – | The Fund may not purchase or sell commodities, except that the Fund may, to the extent consistent with its investment objective, invest in securities of companies that purchase or sell commodities or which invest in such programs, and purchase and sell options, forward contracts, futures contracts, and options on futures contracts. This limitation does not apply to foreign currency transactions, including, without limitation, forward currency contracts. |
B7 – | The Fund may not purchase or sell commodities, except that the Fund may to the extent consistent with its investment objective: (i) invest in securities of companies that purchase or sell commodities or which invest in such |
Statement of Additional Information – June 1, 2017 | 13 |
programs, (ii) purchase and sell options, forward contracts, futures contracts, and options on futures contracts and (iii) enter into swap contracts and other financial transactions relating to commodities. This limitation does not apply to foreign currency transactions including without limitation forward currency contracts. | |
B8 – | The Fund will not buy or sell commodities unless acquired as a result of ownership of securities or other instruments, except this shall not prevent the Fund from transacting in derivative instruments relating to commodities, including but not limited to, buying or selling options, swap contracts or futures contracts, or from investing in securities or other instruments backed by, or whose value is derived from, commodities. |
B9 – | The Fund will not buy or sell physical commodities, except that the Fund may to the extent consistent with its investment objective(s), invest in securities of companies that purchase or sell commodities or commodities contracts or which invest in such programs, and the Fund may, without limitation by this restriction, purchase and sell options, forward contracts, commodities futures contracts, commodity-linked notes, and options on futures contracts and enter into swap contracts and other financial transactions relating to, or that are secured by, physical commodities or commodity indices. This restriction does not apply to foreign currency transactions including without limitation forward currency contracts. This restriction also does not prevent Columbia Commodity Strategy Fund from investing up to 25% of its total assets in one or more wholly-owned subsidiaries (as described further herein and referred to herein collectively as the “Subsidiary”), thereby gaining exposure to the investment returns of commodities markets within the limitations of the federal tax requirements. |
* | For purposes of the fundamental investment policy on buying and selling physical commodities above, at the time of the establishment of the restriction for certain Funds, swap contracts on financial instruments or rates were not within the understanding of the term “commodities.” Notwithstanding any federal legislation or regulatory action by the CFTC that subjects such swaps to regulation by the CFTC, these Funds will not consider such instruments to be commodities for purposes of this restriction. |
C. | Issuer Diversification* |
C1 – | The Fund will not purchase more than 10% of the outstanding voting securities of an issuer, except that up to 25% of the Fund’s assets may be invested without regard to this 10% limitation. For tax-exempt Funds, for purposes of this policy, the terms of a municipal security determine the issuer. The Fund will not invest more than 5% of its total assets in securities of any company, government, or political subdivision thereof, except the limitation will not apply to investments in securities issued or guaranteed by the U.S. government, its agencies, or instrumentalities, or other investment companies, and except that up to 25% of the Fund’s total assets may be invested without regard to this 5% limitation. For tax-exempt Funds, for purposes of this policy, the terms of a municipal security determine the issuer. |
C2 – | The Fund may not purchase securities (except securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities) of any one issuer if, as a result, more than 5% of its total assets will be invested in the securities of such issuer or it would own more than 10% of the voting securities of such issuer, except that: (i) up to 25% of its total assets may be invested without regard to these limitations; and (ii) a Fund’s assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder, and any exemptive relief obtained by the Fund. |
C3 – | The Fund will not make any investment inconsistent with its classification as a diversified company under the 1940 Act. |
C4 – | The Fund may not purchase securities (except securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities) of any one issuer if, as a result, more than 5% of its total assets will be invested in the securities of such issuer or it would own more than 10% of the voting securities of such issuer, except that: (a) up to 25% of its total assets may be invested without regard to these limitations; and (b) the Fund’s assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder, or any applicable exemptive relief obtained by the Fund. |
C5 – | The Fund will not purchase securities (except securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities) of any one issuer if, as a result, more than 5% of its total assets will be invested in the securities of such issuer or it would own more than 10% of the voting securities of such issuer, except that: (a) up to 25% of its |
Statement of Additional Information – June 1, 2017 | 14 |
total assets may be invested without regard to these limitations; and (b) a Fund’s assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder, or any applicable exemptive relief. | |
C6 – | The Fund will not purchase more than 10% of the outstanding voting securities of an issuer, except that up to 25% of the Fund’s assets may be invested without regard to this 10% limitation. For tax-exempt Funds, for purposes of this policy, the terms of a municipal security determine the issuer. |
* | For purposes of applying the limitation set forth in its issuer diversification policy above, a Fund does not consider futures or swaps central counterparties, where the Fund has exposure to such central counterparties in the course of making investments in futures and securities, to be issuers. |
D. | Concentration* |
D1 – | The Fund will not concentrate in any one industry. According to the present interpretation by the SEC, this means that up to 25% of the Fund’s total assets, based on current market value at time of purchase, can be invested in any one industry. |
D2 – | The Fund will not concentrate in any one industry. According to the present interpretation by the SEC, this means that up to 25% of the Fund’s total assets, based on current market value at time of purchase, can be invested in any one industry. The Fund itself does not intend to concentrate, however, the aggregation of holdings of the underlying funds may result in the Fund indirectly investing more than 25% of its assets in a particular industry. The Fund does not control the investments of the underlying funds and any indirect concentration will occur only as a result of the Fund following its investment objectives by investing in the underlying funds. |
D3 – | While the Fund may invest 25% or more of its total assets in the securities of foreign governmental and corporate entities located in the same country, it will not invest 25% or more of its total assets in any single foreign governmental issuer. |
D4 – | The Fund will not concentrate in any one industry. According to the present interpretation by the SEC, this means that up to 25% of the Fund’s total assets, based on current market value at time of purchase, can be invested in any one industry. For purposes of this restriction, loans will be considered investments in the industry of the underlying borrower, rather than that of the seller of the loan. |
D5 – | The Fund will not invest 25% or more of its total assets in securities of corporate issuers engaged in any one industry. The foregoing restriction does not apply to securities issued or guaranteed by the U.S. Government or any of its agencies or instrumentalities, or repurchase agreements secured by them. In addition, the foregoing restriction shall not apply to or limit, Commodity Strategy Fund’s counterparties in commodities-related transactions. |
D6 – | The Fund may not purchase any securities which would cause 25% or more of the value of its total assets at the time of purchase to be invested in the securities of one or more issuers conducting their principal business activities in the same industry, provided that: a) there is no limitation with respect to obligations issued or guaranteed by the U.S. Government, any state or territory of the United States, or any of their agencies, instrumentalities or political subdivisions; and b) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder and any exemptive relief obtained by the Fund. |
D7 – | The Fund will not invest more than 25% of total assets, at market value, in any one industry; except that municipal securities and securities of the U.S. Government, its agencies and instrumentalities are not considered an industry for purposes of this limitation. |
D8 – | The Fund will, under normal market conditions, invest at least 25% of the value of its total assets at the time of purchase in the securities of issuers conducting their principal business activities in the technology and related group of industries, provided that: (i) there is no limitation with respect to obligations issued or guaranteed by the U.S. Government, any state or territory of the United States or any of their agencies, instrumentalities or political subdivisions; and (ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more management investment companies or subsidiaries to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
D9 – | The Fund will not invest 25% or more of its total assets, at market value, in the securities of issuers in any particular industry, except that the Fund will invest at least 25% of the value of its total assets in securities of companies principally engaged in the communications, information and related industries and provided that this limitation shall exclude securities issued or guaranteed by the U.S. Government or any of its agencies or instrumentalities. |
Statement of Additional Information – June 1, 2017 | 15 |
D10 – | The Fund will not invest 25% or more of its total assets, at market value, in the securities of issuers in any particular industry, provided that this limitation shall exclude securities issued or guaranteed by the U.S. Government or any of its agencies or instrumentalities. |
D11 – | The Fund will not purchase any securities which would cause 25% or more of the value of its total assets at the time of purchase to be invested in the securities of one or more issuers conducting their principal business activities in the same industry, provided that: i) there is no limitation with respect to obligations issued or guaranteed by the U.S. Government, any state, municipality or territory of the United States, or any of their agencies, instrumentalities or political subdivisions; and ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief obtained by the Fund. Consistent with the Fund’s investment objective and strategies, the Fund may invest 25% or more of its total assets in securities issued by sovereign and quasi-sovereign ( e.g. , government agencies or instrumentalities) foreign governmental issuers or obligors, including in emerging market countries, but it will not invest 25% or more of its total assets in any single foreign governmental issuer. |
D12 – | The Fund will not purchase any securities which would cause 25% or more of the value of its total assets at the time of purchase to be invested in the securities of one or more issuers conducting their principal business activities in the same industry, provided that: (i) there is no limitation with respect to obligations issued or guaranteed by the U.S. Government, any state or territory of the United States, or any of their agencies, instrumentalities or political subdivisions; and (ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
D13 – | The Fund may invest more than 25% of its total assets in money market instruments issued by U.S. banks, U.S. branches of foreign banks and U.S. Government securities. |
* | For purposes of applying the limitation set forth in its concentration policy, above, a Fund will generally use the industry classifications provided by the Global Industry Classification System (GICS) for classification of issuers of equity securities and the classifications provided by the Barclays Capital Aggregate Bond Index for classification of issues of fixed-income securities. A Fund does not consider futures or swaps clearinghouses or securities clearinghouses, where the Fund has exposure to such clearinghouses in the course of making investments in futures and securities, to be part of any industry. |
E. | Invest 80% |
E1 – | The Fund will not under normal market conditions, invest less than 80% of its net assets in municipal obligations that are generally exempt from federal income tax as well as respective state and local income tax. |
E2 – | The Fund will not under normal market conditions, invest less than 80% of its net assets in bonds and other debt securities issued by or on behalf of state or local governmental units whose interest, in the opinion of counsel for the issuer, is exempt from federal income tax. |
E3 – | The Fund will invest at least 80% of its net assets in securities that pay interest exempt from federal income tax, other than the federal alternative minimum tax, and state individual income tax. |
E4 – | The Fund will invest at least 80% of its net assets in securities that pay interest exempt from federal income tax, other than the federal alternative minimum tax |
F. | Act as an underwriter |
F1 – | The Fund will not act as an underwriter (sell securities for others). However, under the securities laws, the Fund may be deemed to be an underwriter when it purchases securities directly from the issuer and later resells them. |
F2 – | The Fund will not underwrite the securities of other issuers, except insofar as the Fund may be deemed an underwriter under the 1933 Act in disposing of a portfolio security or in connection with investments in other investment companies. |
F3 – | The Fund may not underwrite any issue of securities within the meaning of the 1933 Act except when it might technically be deemed to be an underwriter either: (i) in connection with the disposition of a portfolio security; or (ii) in connection with the purchase of securities directly from the issuer thereof in accordance with its investment objective. This restriction shall not limit the Fund’s ability to invest in securities issued by other registered management investment companies. |
F4 – | The Fund may not underwrite any issue of securities issued by other persons within the meaning of the 1933 Act except when it might be deemed to be an underwriter either: (i) in connection with the disposition of a portfolio |
Statement of Additional Information – June 1, 2017 | 16 |
security; or (ii) in connection with the purchase of securities directly from the issuer thereof in accordance with its investment objective. This restriction shall not limit the Fund’s ability to invest in securities issued by other registered investment companies. |
G. | Lending |
G1 – | The Fund will not lend securities or participate in an interfund lending program if the total of all such loans would exceed 33 1 ⁄ 3 % of the Fund’s total assets except this fundamental investment policy shall not prohibit the Fund from purchasing money market securities, loans, loan participation or other debt securities, or from entering into repurchase agreements. For funds-of-funds – equity, under current Board policy, the Fund has no current intention to borrow to a material extent. |
G2 – | The Fund will not make loans, except as permitted by the 1940 Act or any rule thereunder, any SEC or SEC staff interpretations thereof or any exemptions therefrom which may be granted by the SEC. |
G3 – | The Fund may not make loans, except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any exemptive relief obtained by the Fund. |
G4 – | The Fund may not make loans, except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
H. | Borrowing* |
H1 – | The Fund will not borrow money, except for temporary purposes (not for leveraging or investment) in an amount not exceeding 33 1 ⁄ 3 % of its total assets (including the amount borrowed) less liabilities (other than borrowings) immediately after the borrowings. For funds-of-funds – equity, under current Board policy, the Fund has no current intention to borrow to a material extent. |
H2 – | The Fund may not borrow money except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any exemptive relief obtained by the Fund. |
H3 – | The Fund may not borrow money except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
* | For purposes of the policies described herein, this restriction shall not prevent the Funds from engaging in derivatives, short sales or other portfolio transactions that create leverage, as allowed by each Fund’s investment policies. |
I. | Issue senior securities |
I1 – | The Fund will not issue senior securities, except as permitted under the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
I2 – | The Fund will not issue senior securities or borrow money, except as permitted by the 1940 Act or any rule thereunder, any SEC or SEC staff interpretations thereof or any exemptions therefrom which may be granted by the SEC. |
I3 – | The Fund may not issue senior securities except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any exemptive relief obtained by the Fund. |
I4 – | The Fund may not issue senior securities except to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
J. | Buy on margin/sell short |
J1 – | The Fund will not buy on margin or sell short or deal in options to buy or sell securities. |
J2 – | The Fund will not purchase securities on margin except as permitted by the 1940 Act or any rule thereunder, any SEC or SEC staff interpretations thereof or any exemptions therefrom which may be granted by the SEC. |
■ | Purchase common stocks, preferred stocks, warrants, other equity securities, corporate bonds or debentures, state bonds, municipal bonds, or industrial revenue bonds. |
■ | Purchase or hold the securities of any issuer, if to its knowledge, directors or officers of the Fund and, only in the case of Seligman Global Technology Fund, the directors and officers of the Fund’s Investment Manager, individually owning beneficially more than 0.5% of the outstanding securities of that issuer own in the aggregate more than 5% of such securities. |
Statement of Additional Information – June 1, 2017 | 17 |
■ | Enter into repurchase agreements of more than one week’s duration if more than 10% of the Fund’s net assets would be so invested. |
■ | Up to 25% of the Fund’s net assets may be invested in foreign investments. |
■ | Up to 15% of its total assets may be invested in Eurodollar convertible securities and up to an additional 20% of its total assets in foreign securities. |
■ | Up to 20% of the Fund’s total assets may be invested in foreign securities. |
■ | Up to 20% of the Fund’s net assets may be invested in foreign investments. |
■ | Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities. |
■ | The Fund will not (subject to the succeeding sentence) purchase any securities which would cause 25% or more of the value of its total assets at the time of purchase to be invested in the securities of one or more issuers conducting their principal business activities in the same industry, provided that: (i) there is no limitation with respect to obligations issued or guaranteed by the U.S. Government, any state or territory of the United States or any of their agencies, instrumentalities or political subdivisions and, under normal market conditions, the Fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in government securities and/or repurchase securities that are collateralized by government securities; and (ii) notwithstanding this limitation or any other fundamental investment limitation, assets may be invested in the securities of one or more management investment companies to the extent permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. If, at a future date, the Fund ceases to be a government money market fund and becomes a money market fund that may invest significantly in Rule 2a-7 eligible securities issued by non-government entities, the Fund may invest more than 25% of its total assets in money market instruments issued by U.S. banks or U.S. branches of foreign banks (subject to the applicable requirements of Rule 2a-7) and U.S. Government securities. |
Statement of Additional Information – June 1, 2017 | 18 |
■ | The Funds may not sell securities short, except as permitted by the 1940 Act, the rules and regulations thereunder and any applicable exemptive relief. |
■ | The Fund may not purchase securities of any one issuer (other than U.S. Government Obligations and securities of other investment companies) if, immediately after such purchase, more than 25% of the value of the Fund’s total assets would be invested in the securities of one issuer, and with respect to 50% of the Fund’s total assets, more than 5% of its assets would be invested in the securities of one issuer. |
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Type of Investment | Alternative |
Equity
and Flexible |
Funds-of-Funds
– Equity and Fixed Income |
Taxable
Fixed Income |
Taxable
Money Market |
Tax-Exempt
Fixed Income |
Asset-Backed Securities | • | • | • | • | • | • |
Bank Obligations (Domestic and Foreign) | • | • | • | • | • | • |
Collateralized Bond Obligations | • | • | • | • | • | • |
Commercial Paper | • | • | • | • | • | • |
Statement of Additional Information – June 1, 2017 | 21 |
Type of Investment | Alternative |
Equity
and Flexible |
Funds-of-Funds
– Equity and Fixed Income |
Taxable
Fixed Income |
Taxable
Money Market |
Tax-Exempt
Fixed Income |
Common Stock | • | • | • | •A | — | — |
Convertible Securities | • | •B | • | •C | — | • |
Corporate Debt Securities | • | • | • | • | •D | • |
Custody Receipts and Trust Certificates | • | •E | • | •E | • | •E |
Debt Obligations | • | • | • | • | • | • |
Depositary Receipts | • | • | • | • | — | — |
Derivatives | • | • | • | • | — | • |
Dollar Rolls | • | •F | • | • | — | • |
Exchange-Traded Notes | • | • | • | • | — | • |
Foreign Currency Transactions | • | • | • | • | — | •G |
Foreign Securities | • | • | • | • | • | • |
Guaranteed Investment Contracts (Funding Agreements) | • | • | • | • | • | • |
High-Yield Securities | • | • | • | • | — | • |
Illiquid Securities | • | • | • | • | • | • |
Inflation Protected Securities | • | • | • | • | — | • |
Initial Public Offerings | • | • | • | • | • | • |
Inverse Floaters | • | •H | • | • | — | • |
Investments in Other Investment Companies (Including ETFs) | • | • | • | • | • | • |
Listed Private Equity Funds | • | • | • | • | — | • |
Money Market Instruments | • | • | • | • | • | • |
Mortgage-Backed Securities | • | • | • | • | • | • |
Municipal Securities | • | • | • | • | • | • |
Participation Interests | • | • | • | • | — | • |
Partnership Securities | • | • | • | • | — | • |
Preferred Stock | • | • | • | •I | — | •I |
Private Placement and Other Restricted Securities | • | • | • | • | • | • |
Real Estate Investment Trusts | • | • | • | • | — | • |
Repurchase Agreements | • | • | • | • | • | • |
Reverse Repurchase Agreements | • | • | • | • | • | • |
Short Sales | •J | •J | •J | •J | — | •J |
Sovereign Debt | • | • | • | • | • | • |
Standby Commitments | • | • | • | • | • | • |
U.S. Government and Related Obligations | • | • | • | • | • | • |
Variable and Floating Rate Obligations | • | •K | • | • | •K | •K |
Warrants and Rights | • | • | • | • | — | • |
A. | The following Fund is not authorized to invest in common stock: U.S. Government Mortgage Fund. |
B. | The following Fund is not authorized to invest in convertible securities: Commodity Strategy Fund. |
C. | The following Fund is not authorized to invest in convertible securities: U.S. Government Mortgage Fund. |
D. | While the Fund is prohibited from investing in corporate bonds, it may invest in securities classified as corporate bonds if they meet the requirements of Rule 2a-7 of the 1940 Act. |
E. | The following equity, flexible, taxable fixed income and tax-exempt fixed income Funds are not authorized to invest in Custody Receipts and Trust Certificates: each series of CFST. |
F. | The following Funds are authorized to invest in Dollar Rolls: Commodity Strategy Fund, Flexible Capital Income Fund, Global Opportunities Fund, MM Value Strategies Fund and each series of CFST. |
G. | The following Funds are not authorized to invest in Foreign Currency Transactions: State Tax-Exempt and State Municipal Bond Funds. |
Statement of Additional Information – June 1, 2017 | 22 |
H. | The following Funds are authorized to invest in inverse floaters: Commodity Strategy Fund, Flexible Capital Income Fund, Global Opportunities Fund, MM Value Strategies Fund and each series of CFST. |
I. | The following taxable fixed income and tax-exempt fixed income Funds are not authorized to invest in preferred stock: Strategic Municipal Income Fund and U.S. Government Mortgage Fund. |
J. | The Funds are not prohibited from engaging in short sales, subject to any Fundamental or Non-Fundamental Investment policy, however, each Fund will seek Board approval prior to utilizing short sales as an active part of its investment strategy. |
K. | The following equity, flexible, taxable money market and tax-exempt fixed income Funds are authorized to invest in Floating Rate Loans: Commodity Strategy Fund, Flexible Capital Income Fund, Global Opportunities Fund, MM Value Strategies Fund and each series of CFST. |
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■ | A forward foreign currency contract is a derivative (forward contract) in which the underlying reference is a country's or region’s currency. The Fund may agree to buy or sell a country's or region’s currency at a specific price on a specific date in the future. These instruments may fall in value (sometimes dramatically) due to foreign market downswings or foreign currency value fluctuations, subjecting the Fund to foreign currency risk (the risk that Fund performance may be negatively impacted by foreign currency strength or weakness relative to the U.S. dollar, particularly if the Fund exposes a significant percentage of its assets to currencies other than the U.S. dollar). The effectiveness of any currency hedging strategy by a Fund may be reduced by the Fund’s inability to precisely match forward contract amounts and the value of securities involved. Forward foreign currency contracts used for hedging may also limit any potential gain that might result from an increase or decrease in the value of the currency. The Fund may use these instruments to gain leveraged exposure to currencies, which is a speculative investment practice that increases the Fund's risk exposure and the possibility of losses. Unanticipated changes in the currency markets could result in reduced performance for the Fund. When the Fund converts its foreign currencies into U.S. dollars, it may incur currency conversion costs due to the spread between the prices at which it may buy and sell various currencies in the market. |
■ | A forward interest rate agreement is a derivative whereby the buyer locks in an interest rate at a future settlement date. If the interest rate on the settlement date exceeds the lock rate, the buyer pays the seller the difference between the two rates (based on the notional value of the agreement). If the lock rate exceeds the interest rate on the settlement date, the seller pays the buyer the difference between the two rates (based on the notional value of the agreement). The Fund may act as a buyer or a seller. |
Statement of Additional Information – June 1, 2017 | 62 |
■ | A bond (or debt instrument) future is a derivative that is an agreement for the contract holder to buy or sell a bond or other debt instrument, a basket of bonds or other debt instrument, or the bonds or other debt instruments in an index on a specified date at a predetermined price. The buyer (long position) of a bond future is obliged to buy the underlying reference at the agreed price on expiry of the future. |
■ | A commodity-linked future is a derivative that is an agreement to buy or sell one or more commodities (such as crude oil, gasoline and natural gas), basket of commodities or indices of commodity futures at a specific date in the future at a specific price. |
■ | A currency future , also an FX future or foreign exchange future, is a derivative that is an agreement to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the purchase date. |
■ | An equity future is a derivative that is an agreement for the contract holder to buy or sell a specified amount of an individual equity, a basket of equities or the securities in an equity index on a specified date at a predetermined price. |
■ | An interest rate future is a derivative that is an agreement whereby the buyer and seller agree to the future delivery of an interest-bearing instrument on a specific date at a pre-determined price. Examples include Treasury-bill futures, Treasury-bond futures and Eurodollar futures. |
Statement of Additional Information – June 1, 2017 | 63 |
■ | Structured investments include collateralized debt obligations which are debt instruments that are collateralized by the underlying cash flows of a pool of financial assets or receivables. |
■ | A commodity-linked structured note is a derivative (structured investment) that has principal and/or interest payments based on the market price of one or more particular commodities (such as crude oil, gasoline and natural gas), a basket of commodities, indices of commodity futures or other economic variable. If payment of interest on a commodity-linked structured note is linked to the value of a particular commodity, basket of commodities, commodity index or other economic variable, the Fund might receive lower interest payments (or not receive any of the interest due) on its investments if there is a loss of value in the underlying reference. Further, to the extent that the amount of principal to be repaid upon maturity is linked to the value of a particular commodity, basket of commodities, commodity index or other economic variable, the Fund might not receive a portion (or any) of the principal at maturity of the investment or upon earlier exchange. At any time, the risk of loss associated with a particular structured note in the Fund’s portfolio may be significantly higher than the value of the note. A liquid secondary market may not exist for the commodity-linked structured notes held in the Fund’s portfolio, which may make it difficult for the notes to be sold at a price acceptable to the portfolio manager(s) or for the Fund to accurately value them. |
■ | An equity-linked note (ELN) is a derivative (structured investment) that has principal and/or interest payments based on the value of a single equity security, a basket of equity securities or an index of equity securities. An ELN typically provides interest income, thereby offering a yield advantage over investing directly in an underlying equity. The Fund may purchase ELNs that trade on a securities exchange or those that trade on the over-the-counter markets, as well as in privately negotiated transactions with the issuer of the ELN. The liquidity of unlisted ELNs is normally determined by the willingness of the issuer to make a market in the ELN. While the Fund will seek to purchase ELNs only from issuers that it believes to be willing to, and capable of, repurchasing the ELN at a reasonable price, there can be no assurance that the Fund will be able to sell any ELN at such a price or at all. This may impair the Fund’s ability to enter into other transactions at a time when doing so might be advantageous. The Fund’s investments in ELNs have the potential to lead to significant losses because ELNs are subject to the market and volatility risks associated with their underlying equity. In addition, because ELNs often take the form of unsecured notes of the issuer, the Fund would be subject to the risk that the issuer may default on its obligations under the ELN, thereby subjecting the Fund to the further risk of being too concentrated in the securities (including ELNs) of that issuer. The Fund may or may not hold an ELN until its maturity. ELNs also include participation notes. |
■ | A commodity-linked swap is a derivative (swap) that is an agreement where the underlying reference is the market price of one or more particular commodities (such as crude oil, gasoline and natural gas), basket of commodities or indices of commodity futures. |
■ | Contracts for differences are swap arrangements in which the parties agree that their return (or loss) will be based on the relative performance of two different groups or baskets of securities or other instruments. Often, one or both baskets will be an established securities index. The Fund’s return will be based on changes in value of theoretical long futures positions in the securities comprising one basket (with an aggregate face value equal to the notional amount of the contract for differences) and theoretical short futures positions in the securities comprising the other basket. The Fund also may use actual long and short futures positions and achieve similar market exposure by netting the payment obligations of the two contracts. If the short basket outperforms the long basket, the Fund will realize a loss – even in circumstances when the securities in both the long and short baskets appreciate in value. |
Statement of Additional Information – June 1, 2017 | 64 |
■ | A credit default swap (including a swap on a credit default index, sometimes referred to as a credit default swap index) is a derivative and special type of swap where one party pays, in effect, an insurance premium through a stream of payments to another party in exchange for the right to receive a specified return upon the occurrence of a particular credit event by one or more third parties, such as bankruptcy, default or a similar event. A credit default swap may be embedded within a structured note or other derivative instrument. Credit default swaps enable an investor to buy or sell protection against such a credit event (such as an issuer’s bankruptcy, restructuring or failure to make timely payments of interest or principal). Credit default swap indices are indices that reflect the performance of a basket of credit default swaps and are subject to the same risks as credit default swaps. If such a default were to occur, any contractual remedies that the Fund may have may be subject to bankruptcy and insolvency laws, which could delay or limit the Fund's recovery. Thus, if the counterparty under a credit default swap defaults on its obligation to make payments thereunder, as a result of its bankruptcy or otherwise, the Fund may lose such payments altogether, or collect only a portion thereof, which collection could involve costs or delays. The Fund’s return from investment in a credit default swap index may not match the return of the referenced index. Further, investment in a credit default swap index could result in losses if the referenced index does not perform as expected. Unexpected changes in the composition of the index may also affect performance of the credit default swap index. If a referenced index has a dramatic intraday move that causes a material decline in the Fund’s net assets, the terms of the Fund’s credit default swap index may permit the counterparty to immediately close out the transaction. In that event, the Fund may be unable to enter into another credit default swap index or otherwise achieve desired exposure, even if the referenced index reverses all or a portion of its intraday move. |
■ | An inflation rate swap is a derivative typically used to transfer inflation risk from one party to another through an exchange of cash flows. In an inflation rate swap, one party pays a fixed rate on a notional principal amount, while the other party pays a floating rate linked to an inflation index, such as the Consumer Price Index (CPI). |
■ | An interest rate swap is a derivative in which two parties agree to exchange interest rate cash flows, based on a specified notional amount from a fixed rate to a floating rate (or vice versa) or from one floating rate to another. Interest rate swaps can be based on various measures of interest rates, including LIBOR, swap rates, treasury rates and foreign interest rates. |
■ | Portfolio and total return swaps are derivative swap transactions in which one party agrees to pay the other party an amount equal to the total return of a defined underlying reference during a specified period of time. In return, the other party would make periodic payments based on a fixed or variable interest rate or on the total return of a different underlying reference. |
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Fund |
Assets
(millions) |
Annual
rate at
each asset level |
Management
Agreement
Effective Date |
Absolute Return Currency and Income Fund | $0-$500 | 0.970% | 3/1/2016 |
>$500-$1,000 | 0.965% | ||
>$1,000-$2,000 | 0.935% | ||
>$2,000-$3,000 | 0.910% | ||
>$3,000-$6,000 | 0.875% | ||
>$6,000-$7,500 | 0.850% | ||
>$7,500-$9,000 | 0.835% | ||
>$9,000-$10,000 | 0.830% | ||
>$10,000-$12,000 | 0.820% | ||
>$12,000-$15,000 | 0.810% | ||
>$15,000-$20,000 | 0.800% | ||
>$20,000-$24,000 | 0.790% | ||
>$24,000-$50,000 | 0.770% | ||
>$50,000 | 0.750% | ||
AMT-Free CA Intermediate Muni Bond Fund | $0-$250 | 0.470% | 9/1/2015 |
AMT-Free GA Intermediate Muni Bond Fund | >$250-$500 | 0.465% | 9/1/2015 |
AMT-Free MD Intermediate Muni Bond Fund | >$500-$1,000 | 0.415% | 9/1/2015 |
AMT-Free NC Intermediate Muni Bond Fund | >$1,000-$1,500 | 0.380% | 9/1/2015 |
AMT-Free SC Intermediate Muni Bond Fund | >$1,500-$3,000 | 0.350% | 9/1/2015 |
AMT-Free VA Intermediate Muni Bond Fund | >$3,000-$6,000 | 0.330% | 9/1/2015 |
>$6,000-$12,000 | 0.320% | ||
>$12,000 | 0.310% | ||
Diversified Equity Income Fund | $0-$500 | 0.720% | 10/1/2015 |
Dividend Opportunity Fund | >$500-$1,000 | 0.670% | 10/1/2015 |
Global Equity Value Fund | >$1,000-$1,500 | 0.620% | 7/1/2015 |
Global Opportunities Fund (b) | >$1,500-$3,000 | 0.570% | 12/1/2015 |
MM Value Strategies Fund | >$3,000-$6,000 | 0.550% | 10/1/2015 |
>$6,000-$12,000 | 0.530% | ||
>$12,000 | 0.520% | ||
Asia Pacific ex-Japan Fund | $0-$250 | 0.880% | 3/1/2016 |
European Equity Fund | >$250-$500 | 0.855% | 3/1/2016 |
Select Global Equity Fund | >$500-$750 | 0.825% | 3/1/2016 |
>$750-$1,000 | 0.800% | ||
>$1,000-$1,500 | 0.770% | ||
>$1,500-$3,000 | 0.720% | ||
>$3,000-$6,000 | 0.700% | ||
>$6,000-$12,000 | 0.680% | ||
>$12,000-$20,000 | 0.670% | ||
>$20,000-$24,000 | 0.660% | ||
>$24,000-$50,000 | 0.650% | ||
>$50,000 | 0.620% | ||
Commodity Strategy Fund (d) | $0-$500 | 0.630% | 10/1/2015 |
>$500-$1,000 | 0.580% | ||
>$1,000-$3,000 | 0.550% | ||
>$3,000-$6,000 | 0.520% | ||
>$6,000-$12,000 | 0.500% | ||
>$12,000 | 0.490% | ||
Convertible Securities Fund | $0-$500 | 0.820% | 7/1/2015 |
>$500-$1,000 | 0.770% | ||
>$1,000-$1,500 | 0.720% | ||
>$1,500 | 0.670% |
Statement of Additional Information – June 1, 2017 | 87 |
Fund |
Assets
(millions) |
Annual
rate at
each asset level |
Management
Agreement
Effective Date |
Disciplined Core Fund | $0-$500 | 0.750% | 12/1/2015 |
Disciplined Growth Fund | >$500-$1,000 | 0.700% | 12/1/2015 |
Disciplined Value Fund | >$1,000-$1,500 | 0.650% | 12/1/2015 |
Large Cap Enhanced Core Fund | >$1,500-$3,000 | 0.600% | 7/1/2015 |
>$3,000-$6,000 | 0.580% | ||
>$6,000-$12,000 | 0.560% | ||
>$12,000 | 0.550% | ||
Emerging Markets Bond Fund | $0-$500 | 0.600% | 3/1/2016 |
>$500-$1,000 | 0.590% | ||
>$1,000-$2,000 | 0.575% | ||
>$2,000-$3,000 | 0.555% | ||
>$3,000-$6,000 | 0.530% | ||
>$6,000-$7,500 | 0.505% | ||
>$7,500-$9,000 | 0.490% | ||
>$9,000-$10,000 | 0.481% | ||
>$10,000-$12,000 | 0.469% | ||
>$12,000-$15,000 | 0.459% | ||
>$15,000-$20,000 | 0.449% | ||
>$20,000-$24,000 | 0.433% | ||
>$24,000-$50,000 | 0.414% | ||
>$50,000 | 0.393% | ||
Flexible Capital Income Fund | $0-$500 | 0.650% | 10/1/2015 |
>$500-$1,000 | 0.630% | ||
>$1,000-$3,000 | 0.610% | ||
>$3,000-$6,000 | 0.570% | ||
>$6,000 | 0.540% | ||
Floating Rate Fund | $0-$250 | 0.660% | 12/1/2015 |
High Yield Bond Fund | >$250-$500 | 0.645% | 10/1/2015 |
Income Opportunities Fund | >$500-$750 | 0.635% | 12/1/2015 |
>$750-$1,000 | 0.625% | ||
>$1,000-$2,000 | 0.610% | ||
>$2,000-$3,000 | 0.600% | ||
>$3,000-$6,000 | 0.565% | ||
>$6,000-$7,500 | 0.540% | ||
>$7,500-$9,000 | 0.525% | ||
>$9,000-$10,000 | 0.500% | ||
>$10,000-$12,000 | 0.485% | ||
>$12,000-$15,000 | 0.475% | ||
>$15,000-$20,000 | 0.465% | ||
>$20,000-$24,000 | 0.440% | ||
>$24,000-$50,000 | 0.425% | ||
>$50,000 | 0.400% | ||
Global Bond Fund | $0-$500 | 0.650% | 3/1/2016 |
>$500-$1,000 | 0.645% | ||
>$1,000-$2,000 | 0.595% | ||
>$2,000-$3,000 | 0.590% | ||
>$3,000-$6,000 | 0.575% | ||
>$6,000-$7,500 | 0.570% | ||
>$7,500-$12,000 | 0.560% | ||
>$12,000-$20,000 | 0.540% | ||
>$20,000-$50,000 | 0.530% | ||
>$50,000 | 0.520% | ||
Global Infrastructure Fund | $0-$500 | 0.710% | 9/1/2015 |
>$500-$1,000 | 0.705% | ||
>$1,000-$2,000 | 0.650% | ||
>$2,000-$3,000 | 0.600% | ||
>$3,000-$6,000 | 0.590% | ||
>$6,000-$12,000 | 0.540% | ||
>$12,000 | 0.530% |
Statement of Additional Information – June 1, 2017 | 88 |
Fund |
Assets
(millions) |
Annual
rate at
each asset level |
Management
Agreement
Effective Date |
Government Money Market Fund | $0-$500 | 0.390% | 12/1/2015 |
>$500-$1,000 | 0.385% | ||
>$1,000-$1,500 | 0.363% | ||
>$1,500-$2,000 | 0.345% | ||
>$2,000-$2,500 | 0.328% | ||
>$2,500-$3,000 | 0.310% | ||
>$3,000-$5,000 | 0.300% | ||
>$5,000-$6,000 | 0.280% | ||
>$6,000-$7,500 | 0.260% | ||
>$7,500-$9,000 | 0.255% | ||
>$9,000-$10,000 | 0.230% | ||
>$10,000-$12,000 | 0.220% | ||
>$12,000-$15,000 | 0.210% | ||
>$15,000-$20,000 | 0.200% | ||
>$20,000-$24,000 | 0.190% | ||
>$24,000 | 0.180% | ||
Inflation Protected Securities Fund | $0-$500 | 0.510% | 12/1/2015 |
>$500-$1,000 | 0.505% | ||
>$1,000-$2,000 | 0.475% | ||
>$2,000-$3,000 | 0.450% | ||
>$3,000-$6,000 | 0.415% | ||
>$6,000-$7,500 | 0.390% | ||
>$7,500-$9,000 | 0.375% | ||
>$9,000-$10,000 | 0.370% | ||
>$10,000-$12,000 | 0.360% | ||
>$12,000-$15,000 | 0.350% | ||
>$15,000-$20,000 | 0.340% | ||
>$20,000-$24,000 | 0.330% | ||
>$24,000-$50,000 | 0.310% | ||
>$50,000 | 0.290% | ||
Large Cap Growth Fund III | $0-$500 | 0.770% | 7/1/2015 |
Select Large Cap Equity Fund | >$500-$1,000 | 0.720% | 7/1/2015 |
>$1,000-$1,500 | 0.670% | ||
>$1,500-$3,000 | 0.620% | ||
>$3,000-$6,000 | 0.600% | ||
>$6,000-$12,000 | 0.580% | ||
>$12,000 | 0.570% | ||
Large
Cap Index Fund
(a)
Mid Cap Index Fund Small Cap Index Fund (a) |
All
assets
|
0.200%
|
7/1/2015
7/1/2015 7/1/2015 |
Limited Duration Credit Fund | $0-$500 | 0.430% | 12/1/2015 |
Short Term Bond Fund | >$500-$1,000 | 0.425% | 8/1/2015 |
Short Term Municipal Bond Fund | >$1,000-$2,000 | 0.415% | 9/1/2015 |
>$2,000-$3,000 | 0.410% | ||
>$3,000-$6,000 | 0.395% | ||
>$6,000-$7,500 | 0.380% | ||
>$7,500-$9,000 | 0.365% | ||
>$9,000-$10,000 | 0.360% | ||
>$10,000-$12,000 | 0.350% | ||
>$12,000-$15,000 | 0.340% | ||
>$15,000-$20,000 | 0.330% | ||
>$20,000-$24,000 | 0.320% | ||
>$24,000-$50,000 | 0.300% | ||
>$50,000 | 0.280% | ||
Mid Cap Value Fund | $0-$500 | 0.820% | 7/1/2015 |
Small/Mid Cap Value Fund | >$500-$1,000 | 0.770% | 10/1/2015 |
>$1,000-$1,500 | 0.720% | ||
>$1,500-$3,000 | 0.670% | ||
>$3,000-$12,000 | 0.660% | ||
>$12,000 | 0.650% |
Statement of Additional Information – June 1, 2017 | 89 |
Fund |
Assets
(millions) |
Annual
rate at
each asset level |
Management
Agreement
Effective Date |
MN Tax-Exempt Fund | $0-$250 | 0.470% | 12/1/2015 |
>$250-$500 | 0.465% | ||
>$500-$1,000 | 0.415% | ||
>$1,000-$3,000 | 0.380% | ||
>$3,000-$6,000 | 0.340% | ||
>$6,000-$7,500 | 0.330% | ||
>$7,500-$12,000 | 0.320% | ||
>$12,000 | 0.310% | ||
Mortgage Opportunities Fund | $0-$500 | 0.650% | 10/1/2015 |
>$500-$1,000 | 0.645% | ||
>$1,000-$2,000 | 0.630% | ||
>$2,000-$3,000 | 0.620% | ||
>$3,000-$6,000 | 0.595% | ||
>$6,000-$7,500 | 0.580% | ||
>$7,500-$9,000 | 0.565% | ||
>$9,000-$10,000 | 0.555% | ||
>$10,000-$12,000 | 0.545% | ||
>$12,000 | 0.535% | ||
Overseas Value Fund | $0-$500 | 0.870% | 7/1/2015 |
Select Global Growth Fund | >$500-$1,000 | 0.820% | 7/1/2015 |
Select International Equity Fund | >$1,000-$1,500 | 0.770% | 7/1/2015 |
>$1,500-$3,000 | 0.720% | ||
>$3,000-$6,000 | 0.700% | ||
>$6,000-$12,000 | 0.680% | ||
>$12,000 | 0.670% | ||
Select Large-Cap Value Fund | $0-$500 | 0.770% | 10/1/2015 |
>$500-$1,000 | 0.715% | ||
>$1,000-$3,000 | 0.615% | ||
>$3,000-$6,000 | 0.600% | ||
>$6,000-$12,000 | 0.580% | ||
>$12,000 | 0.570% | ||
Select Smaller-Cap Value Fund | $0-$500 | 0.870% | 10/1/2015 |
Small Cap Value Fund II | >$500-$1,000 | 0.820% | 7/1/2015 |
>$1,000-$3,000 | 0.770% | ||
>$3,000-$12,000 | 0.760% | ||
>$12,000 | 0.750% | ||
Seligman Communications and Information Fund | $0-$500 | 0.915% | 10/1/2015 |
Seligman Global Technology Fund (c) | >$500-$1,000 | 0.910% | 3/1/2016 |
>$1,000-$3,000 | 0.905% | ||
>$3,000-$4,000 | 0.865% | ||
>$4,000-$6,000 | 0.815% | ||
>$6,000-$12,000 | 0.765% | ||
>$12,000 | 0.755% | ||
Strategic Municipal Income Fund | $0-$500 | 0.480% | 12/1/2015 |
>$500-$1,000 | 0.475% | ||
>$1,000-$2,000 | 0.445% | ||
>$2,000-$3,000 | 0.420% | ||
>$3,000-$6,000 | 0.385% | ||
>$6,000-$7,500 | 0.360% | ||
>$7,500-$10,000 | 0.350% | ||
>$10,000-$12,000 | 0.340% | ||
>$12,000-$15,000 | 0.330% | ||
>$15,000-$24,000 | 0.320% | ||
>$24,000-$50,000 | 0.300% | ||
>$50,000 | 0.290% |
Statement of Additional Information – June 1, 2017 | 90 |
Fund |
Assets
(millions) |
Annual
rate at
each asset level |
Management
Agreement
Effective Date |
U.S. Government Mortgage Fund | $0-$500 | 0.500% | 10/1/2015 |
>$500-$1,000 | 0.495% | ||
>$1,000-$2,000 | 0.480% | ||
>$2,000-$3,000 | 0.460% | ||
>$3,000-$6,000 | 0.450% | ||
>$6,000-$7,500 | 0.430% | ||
>$7,500-$9,000 | 0.415% | ||
>$9,000-$12,000 | 0.410% | ||
>$12,000-$20,000 | 0.390% | ||
>$20,000-$24,000 | 0.380% | ||
>$24,000-$50,000 | 0.360% | ||
>$50,000 | 0.340% |
(a) | The Investment Manager, from the management services fee it receives from the Fund, pays all operating expenses of the Fund, with the exception of brokerage fees and commissions, taxes, interest, fees and expenses of Trustees who are not officers, directors or employees of the Investment Manager or its affiliates, distribution (Rule 12b-1) and/or shareholder servicing fees and any extraordinary non-recurring expenses that may arise, including litigation expenses. |
(b) | This fee applies to assets invested in securities, other than underlying funds (including any exchange-traded funds (ETFs)) that pay a management services fee (or an investment advisory services fee, as applicable) to the Investment Manager, including other funds advised by the Investment Manager that do not pay a management services fee (or an investment advisory services fee, as applicable), derivatives and individual securities. The Fund does not pay a management services fee on assets that are invested in underlying funds, including any ETFs, that pay a management services fee (or an investment advisory services fee, as applicable) to the Investment Manager. |
(c) | Effective June 1, 2013, the fee schedule changed resulting in a fee rate decrease for certain asset levels. |
(d) | When calculating asset levels for purposes of determining fee breakpoints, asset levels are based on net assets of the Fund, including assets invested in any wholly-owned subsidiary advised by the Investment Manager (“Subsidiaries”). Fees payable by the Fund under this agreement shall be reduced by any management services fees paid to the Investment Manager by any Subsidiaries under separate management agreements with the Subsidiaries. |
Management Services Fees | |||
Fund | |||
For Funds with fiscal period ending January 31 | 2017 | 2016 | 2015 |
Capital Allocation Aggressive Portfolio | $311,820 | N/A | N/A |
Capital Allocation Conservative Portfolio | $171,139 | N/A | N/A |
Capital Allocation Moderate Aggressive Portfolio | $1,246,595 | N/A | N/A |
Capital Allocation Moderate Conservative Portfolio | $342,957 | N/A | N/A |
Statement of Additional Information – June 1, 2017 | 91 |
Management Services Fees | |||
Fund | |||
Capital Allocation Moderate Portfolio | $566,230 | N/A | N/A |
Global Strategic Equity Fund | $304,984 | N/A | N/A |
Income Builder Fund | $163,112 | N/A | N/A |
For Funds with fiscal period ending February 28/29 | 2016 | 2015 | 2014 |
Convertible Securities Fund | $5,972,086 | N/A | N/A |
Global Equity Value Fund | $4,248,921 | N/A | N/A |
Large Cap Enhanced Core Fund | $2,365,143 | N/A | N/A |
Large Cap Growth Fund III | $4,396,858 | N/A | N/A |
Large Cap Index Fund | $4,590,574 | N/A | N/A |
Mid Cap Index Fund | $4,777,939 | N/A | N/A |
Mid Cap Value Fund | $14,287,231 | N/A | N/A |
Overseas Value Fund | $3,577,195 | N/A | N/A |
Select Global Growth Fund | $400,424 | N/A | N/A |
Select International Equity Fund | $3,063,926 | N/A | N/A |
Select Large Cap Equity Fund | $2,709,619 | N/A | N/A |
Small Cap Index Fund | $4,017,529 | N/A | N/A |
Small Cap Value Fund II | $8,180,417 | N/A | N/A |
For Funds with fiscal period ending March 31 | 2016 | 2015 | 2014 |
Short Term Bond Fund | $5,575,272 | N/A | N/A |
For Funds with fiscal period ending April 30 | 2016 | 2015 | 2014 |
AMT-Free CA Intermediate Muni Bond Fund | $1,309,349 | N/A | N/A |
AMT-Free GA Intermediate Muni Bond Fund | $240,970 | N/A | N/A |
AMT-Free MD Intermediate Muni Bond Fund | $276,125 | N/A | N/A |
AMT-Free NC Intermediate Muni Bond Fund | $627,858 | N/A | N/A |
AMT-Free SC Intermediate Muni Bond Fund | $424,784 | N/A | N/A |
AMT-Free VA Intermediate Muni Bond Fund | $680,257 | N/A | N/A |
Global Infrastructure Fund | $1,178,822 | N/A | N/A |
Short Term Municipal Bond Fund | $5,076,291 | N/A | N/A |
For Funds with fiscal period ending May 31 | 2016 | 2015 | 2014 |
Commodity Strategy Fund | $195,028 | N/A | N/A |
Diversified Equity Income Fund | $9,865,401 | N/A | N/A |
Dividend Opportunity Fund | $18,083,150 | N/A | N/A |
Flexible Capital Income Fund | $2,230,150 | N/A | N/A |
High Yield Bond Fund | $7,902,289 | N/A | N/A |
MM Value Strategies Fund | $7,754,741 | N/A | N/A |
Mortgage Opportunities Fund | $980,392 | N/A | N/A |
Select Large-Cap Value Fund | $4,067,063 | N/A | N/A |
Select Smaller-Cap Value Fund | $2,688,711 | N/A | N/A |
Seligman Communications and Information Fund | $23,179,334 | N/A | N/A |
Small/Mid Cap Value Fund | $4,739,461 | N/A | N/A |
U.S. Government Mortgage Fund | $6,533,862 | N/A | N/A |
For Funds with fiscal period ending July 31 | 2016 | 2015 | 2014 |
Disciplined Core Fund | $16,625,979 | N/A | N/A |
Statement of Additional Information – June 1, 2017 | 92 |
Management Services Fees | |||
Fund | |||
Disciplined Growth Fund | $2,485,526 | N/A | N/A |
Disciplined Value Fund | $4,383,841 | N/A | N/A |
Floating Rate Fund | $3,424,387 | N/A | N/A |
Global Opportunities Fund | $2,803,671 | N/A | N/A |
Government Money Market Fund | $3,882,166 | N/A | N/A |
Income Opportunities Fund | $11,054,310 | N/A | N/A |
Inflation Protected Securities Fund | $554,045 | N/A | N/A |
Limited Duration Credit Fund | $2,403,458 | N/A | N/A |
MN Tax-Exempt Fund | $1,622,216 | N/A | N/A |
Strategic Municipal Income Fund | $2,253,125 | N/A | N/A |
For Funds with fiscal period ending October 31 | 2016 | 2015 | 2014 |
Absolute Return Currency and Income Fund | $431,649 | N/A | N/A |
Asia Pacific ex-Japan Fund | $219,365 | N/A | N/A |
Emerging Markets Bond Fund | $1,753,043 | N/A | N/A |
European Equity Fund | $2,782,742 | N/A | N/A |
Global Bond Fund | $367,631 | N/A | N/A |
Select Global Equity Fund | $2,381,227 | N/A | N/A |
Seligman Global Technology Fund | $3,916,986 | N/A | N/A |
Statement of Additional Information – June 1, 2017 | 93 |
Investment Advisory Services Fees | |||
2017 | 2016 | 2015 | |
For Funds with fiscal period ending January 31 | |||
Capital Allocation Aggressive Portfolio | $118,623 | $401,992 | $426,438 |
Capital Allocation Conservative Portfolio | 55,598 | 154,823 | 196,172 |
Capital Allocation Moderate Aggressive Portfolio | 488,858 | 1,571,091 | 1,471,771 |
Capital Allocation Moderate Conservative Portfolio | 103,979 | 347,094 | 367,285 |
Capital Allocation Moderate Portfolio | 175,134 | 793,979 | 843,399 |
Global Strategic Equity Fund | 133,498 | 227,275 | 1,655 |
2016 | 2015 | 2014 | |
For Funds with fiscal period ending February 28/29 | |||
Convertible Securities Fund | 3,355,564 | 8,505,776 | 4,920,665 |
Global Equity Value Fund | 2,205,910 | 6,781,114 | 7,096,328 |
Large Cap Enhanced Core Fund | 1,032,142 | 2,073,563 | 1,486,208 |
Large Cap Growth Fund III | 2,426,665 | 7,353,958 | 8,815,272 |
Large Cap Index Fund | 1,247,854 | 3,376,904 | 2,824,934 |
Mid Cap Index Fund | 1,355,862 | 3,796,538 | 3,214,924 |
Mid Cap Value Fund | 8,110,237 | 25,209,623 | 25,236,516 |
Overseas Value Fund | 1,812,605 | 5,794,788 | 2,394,086 |
Select Global Growth Fund | 162,765 | 386,626 | 252,327 |
Select International Equity Fund | 1,683,225 | 4,803,237 | 6,937,792 |
Select Large Cap Equity Fund | 1,176,823 | 3,624,989 | 4,073,334 |
Small Cap Index Fund | 1,120,310 | 2,955,890 | 2,436,410 |
Small Cap Value Fund II | 4,226,817 | 13,008,314 | 12,247,710 |
For Funds with fiscal period ending March 31 | |||
Short Term Bond Fund | 2,586,348 | 8,903,586 | 9,710,525 |
For Funds with fiscal period ending April 30 | |||
AMT-Free CA Intermediate Muni Bond Fund | 529,540 | 1,351,276 | 1,163,315 |
AMT-Free GA Intermediate Muni Bond Fund | 104,676 | 312,006 | 337,994 |
AMT-Free MD Intermediate Muni Bond Fund | 120,101 | 356,411 | 423,881 |
AMT-Free NC Intermediate Muni Bond Fund | 247,175 | 712,383 | 705,293 |
AMT-Free SC Intermediate Muni Bond Fund | 179,119 | 499,365 | 527,856 |
AMT-Free VA Intermediate Muni Bond Fund | 298,140 | 906,282 | 1,104,819 |
Global Infrastructure Fund | 774,298 | 2,846,913 | 3,794,627 |
Short Term Municipal Bond Fund | 2,278,923 | 7,245,916 | 7,085,231 |
For Funds with fiscal period ending May 31 | |||
Commodity Strategy Fund | 87,216 | 212,324 | 329,377 |
Diversified Equity Income Fund | 4,988,283 | 15,589,838 | 16,132,596 |
Dividend Opportunity Fund | 9,681,220 | 33,119,141 | 32,346,334 |
Flexible Capital Income Fund | 1,392,346 | 3,544,285 | 1,167,007 |
High Yield Bond Fund | 3,647,195 | 11,242,538 | 10,875,206 |
MM Value Strategies Fund | 3,555,830 | 10,689,157 | 7,259,435 |
Mortgage Opportunities Fund | 427,931 | 924,415 | 43,165 (a) |
Select Large-Cap Value Fund | 2,246,081 | 6,698,053 | 4,879,253 |
Statement of Additional Information – June 1, 2017 | 94 |
Investment Advisory Services Fees | |||
2016 | 2015 | 2014 | |
Select Smaller-Cap Value Fund | $1,312,061 | $3,800,160 | $3,684,668 |
Seligman Communications and Information Fund | 11,444,815 | 31,947,356 | 28,396,766 |
Small/Mid Cap Value Fund | 2,643,727 | 9,292,293 | 11,588,133 |
U.S. Government Mortgage Fund | 2,760,910 | 7,898,784 | 8,269,387 |
For Funds with fiscal period ending July 31 | |||
Disciplined Core Fund | 7,974,794 | 24,409,533 | 22,537,250 |
Disciplined Growth Fund | 1,371,566 | 4,427,170 | 3,631,799 |
Disciplined Value Fund | 2,135,743 | 6,327,050 | 4,021,684 |
Floating Rate Fund | 1,763,604 | 5,574,076 | 6,369,286 |
Global Opportunities Fund | 1,378,722 | 4,648,782 | 5,142,134 |
Government Money Market Fund | 1,710,367 | 5,435,872 | 5,912,176 |
Income Opportunities Fund | 5,456,672 | 17,817,834 | 17,488,842 |
Inflation Protected Securities Fund | 260,455 | 1,038,993 | 1,192,132 |
Limited Duration Credit Fund | 1,268,257 | 4,186,864 | 3,924,329 |
MN Tax-Exempt Fund | 634,080 | 1,815,243 | 1,690,284 |
Strategic Municipal Income Fund | 854,785 | 2,435,643 | 2,283,062 |
For Funds with fiscal period ending October 31 | |||
Absolute Return Currency and Income Fund | 183,044 | 449,640 | 481,124 |
Asia Pacific ex-Japan Fund | 147,642 | 7,913,996 | 5,197,521 |
Emerging Markets Bond Fund | 762,653 | 3,059,414 | 4,022,583 |
European Equity Fund | 1,383,075 | 4,364,342 | 4,572,257 |
Global Bond Fund | 169,200 | 644,858 | 843,306 |
Select Global Equity Fund | 1,066,294 | 3,069,683 | 3,159,681 |
Seligman Global Technology Fund | 1,667,188 | 4,860,066 | 4,017,147 |
(a) | For the period from April 30, 2014 (commencement of operations) to May 31, 2014. |
Statement of Additional Information – June 1, 2017 | 95 |
Fund | Subadviser |
Parent
Company/Other Information |
Fee Schedule |
For Funds with fiscal period ending February 28/29 | |||
Select International Equity Fund |
Threadneedle
(effective April 11, 2011) |
A | 0.35% on the first $150 million declining to 0.20% as assets increase |
For Funds with fiscal period ending May 31 | |||
Commodity Strategy Fund |
Threadneedle
(effective July 28, 2011) |
A | 0.25% on all assets |
MM Value Strategies Fund |
DFA
(effective December 11, 2013) |
B | 0.20% on the first $100 million, reducing to 0.10% as assets increase |
Diamond
Hill
(effective October 1, 2016) |
C | 0.30% on the first $100 million, reducing to 0.25% as assets increase | |
For Funds with fiscal period ending October 31 | |||
Asia Pacific ex-Japan Fund |
Threadneedle
(effective July 15, 2009) |
A | 0.45% on all assets |
European Equity Fund |
Threadneedle
(effective July 9, 2004) |
A | 0.35% on all assets |
Select Global Equity Fund |
Threadneedle
(effective July 9, 2004) |
A | 0.35% on all as assets |
Statement of Additional Information – June 1, 2017 | 96 |
(a) | For the period from March 1, 2015 to November 20, 2015. |
(b) | For the period from March 1, 2013 to May 20, 2013. |
(c) | For the period from December 11, 2013 to May 31, 2014. |
(d) | The subadviser began managing the Fund after its last fiscal year end; therefore there are no fees to report. |
Statement of Additional Information – June 1, 2017 | 97 |
Other Accounts Managed (excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account * |
Approximate
Total Net Assets |
Performance-
Based Accounts ** |
|||
Capital
Allocation
Moderate Aggressive Portfolio |
Jeffrey Knight |
26
RICs
2 PIVs 6 other accounts |
$66.48
billion
$16.31 million $16.09 million |
None | None |
Columbia
Management
- FoF |
Columbia Management |
Anwiti Bahuguna |
22
RICs
22 PIVs 16 other accounts |
$64.17
billion
$2.43 billion $97.77 million |
None |
$1-
$10,000 (b) |
|||
Joshua Kutin |
12
RICs
4 PIVs 8 other accounts |
$6.20
billion
$0.47 million $47.36 million |
None | None | |||
Dan Boncarosky |
10
RICs
2 other accounts |
$3.89
billion
$0.19 million |
None |
$1-
$10,000 (a) |
|||
Capital
Allocation
Moderate Conservative Portfolio |
Jeffrey Knight |
26
RICs
2 PIVs 6 other accounts |
$67.99
billion
$16.31 million $16.09 million |
None | None |
Columbia
Management
- FoF |
Columbia Management |
Anwiti Bahuguna |
22
RICs
22 PIVs 16 other accounts |
$65.68
billion
$2.43 billion $97.77 million |
None |
$1-
$10,000 (b) |
|||
Joshua Kutin |
12
RICs
4 PIVs 8 other accounts |
$7.71
billion
$0.47 million $47.36 million |
None | None | |||
Dan Boncarosky |
10
RICs
2 other accounts |
$5.40
billion
$0.19 million |
None | None | |||
Capital
Allocation
Moderate Portfolio |
Jeffrey Knight |
26
RICs
2 PIVs 6 other accounts |
$67.08
billion
$16.31 million $16.09 million |
None | None |
Columbia
Management
- FoF |
Columbia Management |
Anwiti Bahuguna |
22
RICs
22 PIVs 16 other accounts |
$64.76
billion
$2.43 billion $97.77 million |
None | None | |||
Joshua Kutin |
12
RICs
4 PIVs 8 other accounts |
$6.80
billion
$0.47 million $47.36 million |
None | None | |||
Dan Boncarosky |
10
RICs
2 other accounts |
$4.49
billion
$0.19 million |
None | None | |||
Global Strategic Equity Fund | Melda Mergen |
2
RICs
12 other accounts |
$1.38
billion
$365.89 million |
None | None |
Columbia
Management
- FoF |
Columbia Management |
Mark Burgess |
3
PIVs
11 other accounts |
$3.07
billion
$22.74 billion |
None | None (c) | Threadneedle | Threadneedle | |
Income Builder Fund | Colin Lundgren |
2
RICs
91 other accounts |
$3.40
billion
$1.16 billion |
None |
Over
$1,000,000 (a) $100,001- $500,000 (b) |
Columbia
Management
– IB |
Columbia Management |
Gene Tannuzzo |
6
RICs
1 PIV 98 other accounts |
$3.63
billion
$0.40 million $1.20 billion |
None |
$100,001-
$500,000 (a) |
|||
For Funds with fiscal year ending February 28/29 – Information is as of February 29, 2016, unless otherwise noted | |||||||
Convertible
Securities
Fund |
David L. King |
3
RICs
6 other accounts |
$1.76
billion
$19.16 million |
None |
Over
$1,000,000 (a) $100,001- $500,000 (b) |
Columbia Management | Columbia Management |
Yan Jin |
3
RICs
4 other accounts |
$1.76
billion
$1.35 million |
None |
$10,001-
$50,000 (b) $50,001-$100,000 (a) |
Statement of Additional Information – June 1, 2017 | 98 |
Statement of Additional Information – June 1, 2017 | 99 |
Other Accounts Managed (excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account * |
Approximate
Total Net Assets |
Performance-
Based Accounts ** |
|||
Overseas
Value
Fund |
Fred Copper |
4
RICs
1 PIV 7 other accounts |
$1.59
billion
$117.47 million $45.52 million |
None |
$100,001-
$500,000 (b) |
Columbia Management | Columbia Management |
Daisuke Nomoto |
3
RICs
1 PIV 3 other accounts |
$448.34
million
$117.47 million $0.62 million |
None | None | |||
Select Global Growth Fund | Thomas Galvin |
5
RICs
3 PIVs 2,685 other accounts |
$7.13
billion
$326.37 million $4.68 billion |
3
other accounts
($1.0 B) |
$50,001-
$100,000 (a) |
Columbia Management | Columbia Management |
Richard Carter |
5
RICs
3 PIVs 2,684 other accounts |
$7.13
billion
$326.36 million $4.67 billion |
3
other accounts
($1.0 B) |
$10,001-
$50,000 (b) |
|||
Todd Herget |
5
RICs
3 PIVs 2,689 other accounts |
$7.13
billion
$326.36 million $4.67 billion |
3
other accounts
($1.0 B) |
$100,001-
$500,000 (b) |
|||
Select International Equity Fund |
Threadneedle:
Simon Haines |
1 RIC 1 other account |
$41.5 million $300.97 million |
None |
None (c) |
Threadneedle |
Threadneedle |
William Davies |
1
RIC
1 PIV |
$348.00
million
$1.30 billion |
None | None (c) | |||
David Dudding |
1
RIC
3 PIVs 1 other account |
$41.5
million
$3.57 billion $1.05 billion |
2 PIVs ($48 M) | None (c) | |||
Select
Large
Cap Equity Fund |
Peter Santoro |
4
RICs
2 PIVs 73 other accounts |
$9.00
billion
$867.48 million $1.45 billion |
None |
$50,001-
$100,000 (a) |
Columbia Management | Columbia Management |
Melda Mergen |
1
RIC
12 other accounts |
$806.49
million
$309.66 million |
None |
$100,001-
$500,000 (a) |
|||
Small
Cap
Index Fund |
Christopher Lo |
3
RICs
1 PIV 156 other accounts |
$6.83
billion
$190.18 million $1.16 billion |
None | None | Columbia Management | Columbia Management |
Vadim Shteyn |
3
RICs
1 PIV 8 other accounts |
$6.83
billion
$190.18 million $522.58 million |
None | None | |||
Small
Cap
Value Fund II |
Christian
K.
Stadlinger |
4
RICs
9 other accounts |
$1.53
billion
$65.54 million |
None |
$500,001-
$1,000,000 (a) |
Columbia Management | Columbia Management |
Jarl Ginsberg |
4
RICs
15 other accounts |
$1.53
billion
$62.22 million |
None |
$100,001-
$500,000 (a) |
|||
For Funds with fiscal year ending March 31 – Information is as of March 31, 2016, unless otherwise noted | |||||||
Short
Term
Bond Fund |
Leonard Aplet |
6
RICs
14 PIVs 66 other accounts |
$16.44
billion
$2.36 billion $7.33 billion |
None |
Over
$1,000,000 (a) $50,001- $100,000 (b) |
Columbia Management | Columbia Management |
Gregory Liechty |
3
RICs
14 PIVs 44 other accounts |
$3.41
billion
$2.39 billion $6.34 billion |
None |
$10,001-
$50,000 (b) |
|||
Ronald Stahl |
3
RICs
14 PIVs 47 other accounts |
$3.41
billion
$2.39 billion $6.29 billion |
None |
$1-
$10,000 (b) |
Statement of Additional Information – June 1, 2017 | 100 |
Other Accounts Managed (excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account * |
Approximate
Total Net Assets |
Performance-
Based Accounts ** |
|||
For Funds with fiscal year ending April 30 – Information is as of April 30, 2016, unless otherwise noted | |||||||
AMT-Free
CA
Intermediate Muni Bond Fund |
Brian
M.
McGreevy |
11
RICs
7 other accounts |
$4.36
billion
$291.41 million |
None | None | Columbia Management | Columbia Management |
Paul Fuchs |
4
RICs
6 other accounts |
$2.96
billion
$1.34 million |
None | None | |||
AMT-Free
GA
Intermediate Muni Bond Fund |
Brian
M.
McGreevy |
11
RICs
7 other accounts |
$4.73
billion
$291.41 million |
None | None | Columbia Management | Columbia Management |
Paul Fuchs |
5
RICs
6 other accounts |
$3.41
billion
$1.34 million |
None | None | |||
AMT-Free
MD
Intermediate Muni Bond Fund |
Brian
M.
McGreevy |
11
RICs
7 other accounts |
$4.71
billion
$291.41 million |
None | None | Columbia Management | Columbia Management |
Paul Fuchs |
5
RICs
6 other accounts |
$3.41
billion
$1.34 million |
None | None | |||
AMT-Free
NC
Intermediate Muni Bond Fund |
Brian
M.
McGreevy |
11
RICs
7 other accounts |
$4.57
billion
$291.41 million |
None | None | Columbia Management | Columbia Management |
Paul Fuchs |
5
RICs
6 other accounts |
$3.41
billion
$1.34 million |
None | None | |||
AMT-Free
SC
Intermediate Muni Bond Fund |
Brian
M.
McGreevy |
11
RICs
7 other accounts |
$4.66
billion
$291.41 million |
None | None | Columbia Management | Columbia Management |
Paul Fuchs |
5
RICs
6 other accounts |
$3.41
billion
$1.34 million |
None | None | |||
AMT-Free
VA
Intermediate Muni Bond Fund |
Brian
M.
McGreevy |
11
RICs
7 other accounts |
$4.58
billion
$291.41 million |
None | None | Columbia Management | Columbia Management |
Paul Fuchs |
5
RICs
6 other accounts |
$3.41
billion
$1.34 million |
None | None | |||
Global
Infrastructure
Fund |
Peter Santoro |
4
RICs
2 PIVs 70 other accounts |
$10.09
billion
$918.74 million $1.53 billion |
None |
$100,001-
$500,000 (b) $10,001- $50,000 (a) |
Columbia Management | Columbia Management |
Craig Leopold | 7 other accounts | $2.97 million | None |
$50,001-
$100,000 (b) |
|||
Tiffany Wade (f) | 4 other accounts | $0.26 million | None | None | |||
Kirk Moore | 2 other accounts | $1.47 million | None |
$10,001-
$50,000 (b) |
|||
Short
Term
Municipal Bond Fund |
Catherine
Stienstra |
4
RICs
2 PIVs 4 other accounts |
$2.02
billion
$1.74 billion $14.47 million |
None |
$10,001-
$50,000 (b) |
Columbia Management | Columbia Management |
Anders Myhran |
1
PIV
2 other accounts |
$1.05
billion
$1.26 million |
None |
$1-
$10,000 (b) |
|||
For Funds with fiscal year ending May 31 – Information is as of May 31, 2016, unless otherwise noted | |||||||
Commodity
Strategy Fund |
Threadneedle:
David Donora |
1 RIC 2 PIVs |
$57.70 million $447.60 million |
2 PIVs ($447.60 M) |
None (c) |
Threadneedle |
Threadneedle |
Nicolas Robin | None (c) | ||||||
Diversified
Equity
Income Fund |
Hugh H. Mullin | 5 other accounts | $3.01 million | None |
$10,001
–
$50,000 (b) |
Columbia Management | Columbia Management |
Statement of Additional Information – June 1, 2017 | 101 |
Other Accounts Managed (excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account * |
Approximate
Total Net Assets |
Performance-
Based Accounts ** |
|||
Dividend
Opportunity Fund |
Steve Schroll |
3
RICs
1 PIV 12 other accounts |
$2.76
billion
$6.09 million $90.80 million |
None |
$100,001
–
$500,000 (b) $500,001 – $1,000,000 (a) |
Columbia Management | Columbia Management |
Paul Stocking |
3
RICs
1 PIV 15 other accounts |
$2.76
billion
$6.09 million $99.84 million |
None |
$500,001
–
$1,000,000 (a) $100,001 – $500,000 (b) |
|||
Dean Ramos |
3
RICs
1 PIV 10 other accounts |
$2.76
billion
$6.09 million $89.10 million |
None |
$10,001-
$50,000 (a)(e) $10,001- $50,000 (b) |
|||
Flexible
Capital
Income Fund |
David King |
3
RICs
6 other accounts |
$2.08
billion
$5.04 million |
None |
Over
$1,000,000 (a) $100,001 – $500,000 (b) |
Columbia Management | Columbia Management |
Yan Jin |
3
RICs
4 other accounts |
$2.08
billion
$1.54 million |
None |
$100,001-
$500,000 (a) $10,001-$50,000 (b) |
|||
High
Yield Bond
Fund |
Jennifer
Ponce
de Leon |
3
RICs
3 PIVs 38 other accounts |
$480.67
million
$679.32 million $7.39 billion |
None |
Over
$1,000,000 (b) |
Columbia Management | Columbia Management |
Brian Lavin |
13
RICs
1 PIV 5 other accounts |
$18.22
billion
$55.76 million $3.75 million |
None | None |
Statement of Additional Information – June 1, 2017 | 102 |
Statement of Additional Information – June 1, 2017 | 103 |
Other Accounts Managed (excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account * |
Approximate
Total Net Assets |
Performance-
Based Accounts ** |
|||
Select
Smaller-Cap
Value Fund |
Richard Rosen |
3
RICs
1 PIV 772 other accounts |
$1.74
billion
$43.08 million $2.78 billion |
None |
$10,001-
$50,000 (b) |
Columbia Management | Columbia Management |
Kari Montanus |
3
RICs
1 PIV 768 other accounts |
$1.74
billion
$43.08 million $2.78 billion |
None |
$10,001
–
$50,000 (b) |
|||
Richard Taft (d) | 4 other accounts | $1.34 million | None | None | |||
Seligman Communications and Information Fund |
Paul Wick |
4
RICs
2 PIVs 5 other accounts |
$983.28
million
$565.39 million $14.45 million |
1 PIV ($538.90 M) |
Over
$1,000,000 (a) |
Columbia Management |
Columbia
Management
– Tech Team |
Sanjay Devgan |
3
RICs
2 other accounts |
$728.52
million
$0.33 million |
None | None | |||
Shekhar
Pramanick |
3
RICs
5 other accounts |
$728.52
million
$1.95 million |
None |
$100,001
–
$500,000 (a) |
|||
Jeetil
Patel |
4
RICs
5 other accounts |
$983.28
million
$2.80 million |
None | None | |||
Christopher Boova |
4
RICs
8 other accounts |
$983.28
million
$5.18 million |
None | None | |||
Small/
Mid Cap Value Fund |
Jarl Ginsberg |
4
RICs
15 other accounts |
$2.22
billion
$68.57 million |
None |
$100,001-
$500,000 (b) |
Columbia Management | Columbia Management |
Christian
Stadlinger |
4
RICs
8 other accounts |
$2.22
billion
$71.90 million |
None | None | |||
David Hoffman |
3
RICs
2 PIVs 7 other accounts |
$3.22
billion
$236.87 million $55.90 million |
None |
$50,001-
$100,000 (b) |
|||
U.S. Government Mortgage Fund |
Jason J. Callan |
8
RICs
7 PIVs 4 other accounts |
$13.93
billion
$15.36 billion $0.93 million |
None | None | Columbia Management | Columbia Management |
Tom Heuer |
3
RICs
5 other accounts |
$1.63
billion
$1.67 million |
None |
$10,001
–
$50,000 (b) $10,001 – $50,000 (a) |
|||
For Funds with fiscal year ending July 31 – Information is as of July 31, 2016, unless otherwise noted | |||||||
Disciplined Core Fund | Brian M. Condon |
19
RICs
4 PIVs 39 other accounts |
$9.33
billion
$186.51 million $5.46 billion |
None |
$50,001
–
$100,000 (b) |
Columbia Management | Columbia Management |
Peter Albanese |
6
RICs
3 PIVs 27 other accounts |
$8.33
billion
$181.10 million $5.32 billion |
None |
$10,001
–
$50,000 (b) |
|||
Disciplined Growth Fund | Brian M. Condon |
19
RICs
4 PIVs 39 other accounts |
$12.88
billion
$186.51 million $5.46 billion |
None |
$50,001
–
$100,000 (b) |
Columbia Management | Columbia Management |
Peter Albanese |
6
RICs
3 PIVs 27 other accounts |
$11.87
billion
$181.10 million $5.32 billion |
None |
$10,001
–
$50,000 (b) |
Statement of Additional Information – June 1, 2017 | 104 |
Other Accounts Managed (excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account * |
Approximate
Total Net Assets |
Performance-
Based Accounts ** |
|||
Disciplined Value Fund | Brian M. Condon |
19
RICs
4 PIVs 39 other accounts |
$12.42
billion
$186.51 million $5.46 billion |
None |
$50,001
–
$100,000 (a) $50,001 – $100,000 (b) |
Columbia Management | Columbia Management |
Peter Albanese |
6
RICs
3 PIVs 27 other accounts |
$11.41
billion
$181.10 million $5.32 billion |
None |
$10,001
–
$50,000 (b) |
|||
Floating
Rate
Fund |
Lynn Hopton |
23
PIVs
8 other accounts |
$21.85
billion
$4.08 million |
None | None | Columbia Management |
Columbia
Management
– Floating Rate |
Yvonne Stevens |
23
PIVs
12 other accounts |
$21.85
billion
$12.32 million |
None | None | |||
Steve Staver | 2 other accounts | $1.01 million | None | None | |||
Ronald
Launsbach |
7 other accounts | $2.03 million | None | None | |||
Global
Opportunities
Fund |
Anwiti Bahuguna |
18
RICs
22 PIVs 16 other accounts |
$66.48
billion
$2.83 billion $111.71 million |
1 PIV ($517 M) |
$1
–
$10,000 (b) |
Columbia Management | Columbia Management |
Jeffrey Knight |
23
RICs
3 PIVs 5 other accounts |
$67.97
billion
$538.55 million $12.07 million |
1 PIV ($517 M) |
$100,001
–
$500,000 (b) |
|||
Joshua Kutin (f) |
5
RICs
4 PIVs 10 other accounts |
$2.31
billion
$0.49 million $37.29 million |
None | None | |||
Dan Boncarosky (f) |
3
RICs
2 other accounts |
$133.01
million
$0.18 million |
None | None | |||
Income Opportunities Fund | Brian Lavin |
13
RICs
1 PIV 5 other accounts |
$24.24
billion
$58.44 million $3.63 million |
None |
$100,001
–
$500,000 (a) $100,001 – $500,000 (b) |
Columbia Management | Columbia Management |
Inflation
Protected
Securities Fund |
David Kennedy | 19 other accounts | $231.29 million | None | None | Columbia Management | Columbia Management |
Limited
Duration
Credit Fund |
Tom Murphy |
12
RICs
29 PIVs 34 other accounts |
$2.46
billion
$35.72 billion $4.97 billion |
None |
Over
$1,000,000 (a) $500,001 – $1,000,000 (b) |
Columbia Management | Columbia Management |
Timothy J. Doubek |
10
RICs
1 PIV 32 other accounts |
$2.43
billion
$95.09 million $4.70 billion |
None |
$10,001
–
$50,000 (b) |
|||
Royce Wilson |
1
RIC
2 other accounts |
$920.96
million
$574,053.48 |
None |
$10,001
–
$50,000 (a) $10,001 – $50,000 (b) |
|||
MN
Tax-Exempt
Fund |
Catherine
Stienstra |
4
RICs
2 PIVs 4 other accounts |
$3.36
billion
$1.78 billion $14.40 million |
None | None | Columbia Management | Columbia Management |
Anders Myhran |
1
RIC
1 PIV 2 other accounts |
$1.74
billion
$1.09 billion $1.31 million |
None |
$100,001
–
$500,000 (a) |
Statement of Additional Information – June 1, 2017 | 105 |
Statement of Additional Information – June 1, 2017 | 106 |
Other Accounts Managed (excluding the Fund) |
Ownership
of Fund Shares |
Potential
Conflicts of Interest |
Structure
of Compensation |
||||
Fund | Portfolio Manager |
Number
and Type of Account * |
Approximate
Total Net Assets |
Performance-
Based Accounts ** |
|||
Seligman
Global
Technology Fund |
Paul Wick |
4
RICs
2 PIVs 5 other accounts |
$4.63
billion
$675.05 million $18.76 million |
1
PIV
($618.6 M) |
None | Columbia Management |
Columbia
Management
– Tech Team |
Shekhar
Pramanick |
3
RICs
5 other accounts |
$4.36
billion
$2.00 million |
None | None | |||
Sanjay Devgan |
3
RICs
3 other accounts |
$4.36
billion
$647,552.82 |
None | None | |||
Jeetil
Patel |
4
RICs
6 other accounts |
$4.63
billion
$3.41 million |
None | None | |||
Christopher Boova |
4
RICs
8 other accounts |
$4.63
billion
$5.20 million |
None | None | |||
Rahul Narang |
5
RICs
7 other accounts |
$1.07
billion
$736,967.25 |
None | None | Columbia Management | Columbia Management |
* | RIC refers to a Registered Investment Company; PIV refers to a Pooled Investment Vehicle. |
** | Number and type of accounts for which the advisory fee paid is based in part or wholly on performance and the aggregate net assets in those accounts. |
(a) | Excludes any notional investments. |
(b) | Notional investments through a deferred compensation account. |
(c) | The Fund is available for sale only in the U.S. The portfolio managers do not reside in the U.S. and therefore do not hold any shares of the Fund. |
(d) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of July 31, 2016. |
(e) | The portfolio manager’s ownership information (excluding any notional investments) is provided as of November 8, 2016. As of May 31, 2016, the portfolio manager’s ownership (excluding any notional investments) was $0. |
(f) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of December 31, 2016. |
(g) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of February 28, 2017. |
(h) | The portfolio manager began managing the Fund after its last fiscal year end; reporting information is provided as of March 31, 2017. |
Columbia Management: Like other investment professionals with multiple clients, a Fund’s portfolio manager(s) may face certain potential conflicts of interest in connection with managing both the Fund and other accounts at the same time. The Investment Manager and the Funds have adopted compliance policies and procedures that attempt to address certain of the potential conflicts that portfolio managers face in this regard. Certain of these conflicts of interest are summarized below. | |
The management of accounts with different advisory fee rates and/or fee structures, including accounts that pay advisory fees based on account performance (performance fee accounts), may raise potential conflicts of interest for a portfolio manager by creating an incentive to favor higher fee accounts. | |
Potential conflicts of interest also may arise when a portfolio manager has personal investments in other accounts that may create an incentive to favor those accounts. As a general matter and subject to the Investment Manager’s Code of Ethics and certain limited exceptions, the Investment Manager’s investment professionals do not have the opportunity to invest in client accounts, other than the funds. | |
A portfolio manager who is responsible for managing multiple funds and/or accounts may devote unequal time and attention to the management of those Funds and/or accounts. The effects of this potential conflict may be more pronounced where Funds and/or accounts managed by a particular portfolio manager have different investment strategies. | |
A portfolio manager may be able to select or influence the selection of the broker/dealers that are used to execute securities transactions for the Funds. A portfolio manager’s decision as to the selection of broker/dealers could produce disproportionate costs and benefits among the Funds and the other accounts the portfolio manager manages. | |
A potential conflict of interest may arise when a portfolio manager buys or sells the same securities for a Fund and other accounts. On occasions when a portfolio manager considers the purchase or sale of a security to be in the best interests of a Fund as well as other accounts, the Investment Manager’s trading desk may, to the extent consistent with applicable laws and regulations, aggregate the securities to be sold or bought in order to obtain the best execution and lower brokerage commissions, if any. Aggregation of trades may create the potential for unfairness to a Fund or another account if a portfolio manager favors one account over another in allocating the securities bought or sold. The Investment Manager and its |
Statement of Additional Information – June 1, 2017 | 107 |
Participating Affiliates (including Threadneedle) may coordinate their trading operations for certain types of securities and transactions pursuant to personnel-sharing agreements or similar intercompany arrangements. However, typically the Investment Manager does not coordinate trading activities with a Participating Affiliate with respect to accounts of that Participating Affiliate unless such Participating Affiliate is also providing trading services for accounts managed by the Investment Manager. Similarly, a Participating Affiliate typically does not coordinate trading activities with the Investment Manager with respect to accounts of the Investment Manager unless the Investment Manager is also providing trading services for accounts managed by such Participating Affiliate. As a result, it is possible that the Investment Manager and its Participating Affiliates may trade in the same instruments at the same time, in the same or opposite direction or in different sequence, which could negatively impact the prices paid by the Fund on such instruments. Additionally, in circumstances where trading services are being provided on a coordinated basis for the Investment Manager’s accounts (including the Funds) and the accounts of one or more Participating Affiliates in accordance with applicable law, it is possible that the allocation opportunities available to the Funds may be decreased, especially for less actively traded securities, or orders may take longer to execute, which may negatively impact Fund performance. | |
“Cross trades,” in which a portfolio manager sells a particular security held by a Fund to another account (potentially saving transaction costs for both accounts), could involve a potential conflict of interest if, for example, a portfolio manager is permitted to sell a security from one account to another account at a higher price than an independent third party would pay. The Investment Manager and the Funds have adopted compliance procedures that provide that any transactions between a Fund and another account managed by the Investment Manager are to be made at a current market price, consistent with applicable laws and regulations. | |
Another potential conflict of interest may arise based on the different investment objectives and strategies of a Fund and other accounts managed by its portfolio manager(s). Depending on another account’s objectives and other factors, a portfolio manager may give advice to and make decisions for a Fund that may differ from advice given, or the timing or nature of decisions made, with respect to another account. A portfolio manager’s investment decisions are the product of many factors in addition to basic suitability for the particular account involved. Thus, a portfolio manager may buy or sell a particular security for certain accounts, and not for a Fund, even though it could have been bought or sold for the Fund at the same time. A portfolio manager also may buy a particular security for one or more accounts when one or more other accounts are selling the security (including short sales). There may be circumstances when a portfolio manager’s purchases or sales of portfolio securities for one or more accounts may have an adverse effect on other accounts, including the Funds. |
To the extent a Fund invests in underlying funds, a portfolio manager will be subject to the potential conflicts of interest described in Potential Conflicts of Interest – Columbia Management – FOF (Fund-of-Funds) below. |
A Fund’s portfolio manager(s) also may have other potential conflicts of interest in managing the Fund, and the description above is not a complete description of every conflict that could exist in managing the Fund and other accounts. Many of the potential conflicts of interest to which the Investment Manager’s portfolio managers are subject are essentially the same or similar to the potential conflicts of interest related to the investment management activities of the Investment Manager and its affiliates. |
Columbia Management – FoF (Fund-of-Funds): Management of funds-of-funds differs from that of the other Funds. The portfolio management process is set forth generally below and in more detail in the Funds’ prospectus. | |
Portfolio managers of the fund-of-funds may be involved in determining each funds-of-fund’s allocation among the three main asset classes (equity, fixed income and cash) and the allocation among investment categories within each asset class, as well as each funds-of-fund’s allocation among the underlying funds. |
■ | Because of the structure of the funds-of-funds, the potential conflicts of interest for the portfolio managers may be different than the potential conflicts of interest for portfolio managers who manage other Funds. |
■ | The Investment Manager and its affiliates may receive higher compensation as a result of allocations to underlying funds with higher fees. |
Statement of Additional Information – June 1, 2017 | 108 |
■ | In certain cases, the portfolio managers of the underlying funds are the same as the portfolio managers of the Income Builder Fund-of-Funds, and could influence the allocation of fund-of-funds assets to or away from the underlying funds that they manage. |
■ | The Investment Manager and its affiliates may receive higher compensation as a result of allocations to underlying funds with higher fees. |
■ | Time Management. The management of the Fund and other Accounts may result in a portfolio manager devoting unequal time and attention to the management of the Fund and/or Accounts. DFA seeks to manage such competing interests for the time and attention of portfolio managers by having portfolio managers focus on a particular investment discipline. Accounts managed by a portfolio manager within an investment discipline may be managed using the same investment approach. |
■ | Investment Opportunities. It is possible that at times identical securities will be held by the Fund and one or more Accounts. However, positions in the same security may vary and the length of time that the Fund may hold investments in the same security may likewise vary. If a portfolio manager identifies a limited investment opportunity that may be suitable for the Fund and one or more Accounts, the Fund may not be able to take full advantage of that opportunity due to an allocation of filled purchase or sale orders across all eligible Accounts. To address these situations, DFA has adopted procedures for allocating portfolio transactions across multiple Accounts. |
Statement of Additional Information – June 1, 2017 | 109 |
■ | Broker Selection. With respect to securities transactions for the Fund, DFA determines which broker to use to execute each order, consistent with its duty to seek best execution of the transaction. However, with respect to certain Accounts (such as separately managed accounts), DFA may be limited by the client with respect to the selection of brokers or may be instructed to direct trades through a particular broker. In these cases, DFA or its affiliates may place separate, non-simultaneous, transactions for the Fund and another Account that may temporarily affect the market price of the security or the execution of the transaction, or both, to the detriment of the Fund or the Account. |
■ | Performance-Based Fees. For some Accounts, DFA may be compensated based on the profitability of the Account, such as by a performance-based management fee. These incentive compensation structures may create a conflict of interest for DFA with regard to Accounts where DFA is paid based on a percentage of assets because the portfolio manager may have an incentive to allocate securities preferentially to the Accounts where DFA might share in investment gains. |
■ | Investment in an Account. A portfolio manager or his/her relatives may invest in an Account that he or she manages and a conflict may arise where he or she may therefore have an incentive to treat the Account in which the portfolio manager or his/her relatives invest preferentially as compared to other Accounts for which he or she has portfolio management responsibilities. |
Statement of Additional Information – June 1, 2017 | 110 |
Threadneedle: Threadneedle portfolio managers may manage one or more mutual funds as well as other types of accounts, including proprietary accounts, separate accounts for institutions, and other pooled investment vehicles. Portfolio managers make investment decisions for an account or portfolio based on its investment objectives and policies, and other relevant investment considerations. A portfolio manager may manage a separate account or other pooled investment vehicle whose fees may be materially greater than the management fees paid by the Fund and may include a performance-based fee. Management of multiple funds and accounts may create potential conflicts of interest relating to the allocation of investment opportunities, and the aggregation and allocation of trades. In addition, a portfolio manager’s responsibilities at Threadneedle include working as a securities analyst. This dual role may give rise to conflicts with respect to making investment decisions for accounts that he/she manages versus communicating his/her analyses to other portfolio managers concerning securities that he/she follows as an analyst. | |
Threadneedle has a fiduciary responsibility to all of the clients for which it manages accounts. Threadneedle seeks to provide best execution of all securities transactions and to aggregate securities transactions and then allocate securities to client accounts in a fair and timely manner. Threadneedle has developed policies and procedures, including brokerage and trade allocation policies and procedures, designed to mitigate and manage the potential conflicts of interest that may arise from the management of multiple types of accounts for multiple clients. |
Statement of Additional Information – June 1, 2017 | 111 |
■ | Base salary. Each portfolio manager is paid a base salary. DFA considers the factors described above to determine each portfolio manager’s base salary. |
■ | Semi-Annual Bonus. Each portfolio manager may receive a semi-annual bonus. The amount of the bonus paid to each portfolio manager is based upon the factors described above. |
Statement of Additional Information – June 1, 2017 | 112 |
■ | The long-term pre-tax investment performance of the fund(s) that they manage, |
■ | Diamond Hill’s assessment of the investment contribution they make to strategies they do not manage, |
■ | Diamond Hill’s assessment of each portfolio manager’s overall contribution to the development of the investment team through ongoing discussion, interaction, feedback and collaboration, and |
■ | Diamond Hill’s assessment of each portfolio manager’s contribution to client service, marketing to prospective clients and investment communication activities. |
Threadneedle: Direct compensation is typically comprised of a base salary, and an annual incentive award that is paid either in the form of a cash bonus if the size of the award is under a specified threshold, or, if the size of the award is over a specified threshold, the award is paid in a combination of a cash bonus, an equity incentive award, and deferred compensation. Equity incentive awards are made in the form of Ameriprise Financial restricted stock, or for more senior employees both Ameriprise Financial restricted stock and stock options. The investment return credited on deferred compensation is based on the performance of specified Threadneedle funds, in most cases including the funds the portfolio manager manages. | |
Base salary is typically determined based on market data relevant to the employee’s position, as well as other factors including internal equity. Base salaries are reviewed annually, and increases are typically given as promotional increases, internal equity adjustments, or market adjustments. | |
Annual incentive awards and pool funding are variable and are designed to reward: |
■ | Investment performance, both at the individual and team levels |
■ | Client requirements, in particular the alignment with clients through a mandatory deferral into the company’s own products |
■ | Team cooperation and Values |
Statement of Additional Information – June 1, 2017 | 113 |
Administrative Services Fees | |||
2017 | 2016 | 2015 | |
For Funds with fiscal period ending January 31 | |||
Capital Allocation Aggressive Portfolio | $43,727 | $135,323 | $133,066 |
Capital Allocation Conservative Portfolio | 18,281 | 58,025 | 62,651 |
Statement of Additional Information – June 1, 2017 | 114 |
Administrative Services Fees | |||
2017 | 2016 | 2015 | |
Capital Allocation Moderate Aggressive Portfolio | $142,763 | $457,297 | $473,854 |
Capital Allocation Moderate Conservative Portfolio | 42,256 | 132,333 | 138,522 |
Capital Allocation Moderate Portfolio | 102,783 | 325,491 | 338,662 |
Global Strategic Equity Fund | 43,306 | 152,348 | 165,097 |
Income Builder Fund | 80,447 | 262,998 | 266,133 |
2016 | 2015 | 2014 | |
For Funds with fiscal period ending February 28/29 | |||
Convertible Securities Fund | 258,714 | 659,319 | 386,205 |
Global Equity Value Fund | 198,822 | 610,580 | 637,659 |
Large Cap Enhanced Core Fund | 96,763 | 198,742 | 155,643 |
Large Cap Growth Fund III | 202,628 | 613,569 | 733,158 |
Large Cap Index Fund | 1,247,854 | 3,376,904 | 2,824,934 |
Mid Cap Index Fund | 1,355,862 | 3,796,538 | 3,214,924 |
Mid Cap Value Fund | 618,630 | 1,908,716 | 1,911,227 |
Overseas Value Fund | 183,269 | 585,710 | 242,402 |
Select Global Growth Fund | 16,483 | 39,152 | 25,552 |
Select International Equity Fund | 170,244 | 485,890 | 700,784 |
Select Large Cap Equity Fund | 99,434 | 306,109 | 343,281 |
Small Cap Index Fund | 1,120,310 | 2,955,890 | 2,436,410 |
Small Cap Value Fund II | 425,209 | 1,308,311 | 1,232,271 |
For Funds with fiscal period ending March 31 | |||
Short Term Bond Fund | 459,847 | 1,575,615 | 1,714,352 |
For Funds with fiscal period ending April 30 | |||
AMT-Free CA Intermediate Muni Bond Fund | 90,263 | 232,082 | 201,539 |
AMT-Free GA Intermediate Muni Bond Fund | 18,318 | 54,601 | 59,149 |
AMT-Free MD Intermediate Muni Bond Fund | 21,018 | 62,372 | 74,179 |
AMT-Free NC Intermediate Muni Bond Fund | 43,256 | 124,667 | 123,426 |
AMT-Free SC Intermediate Muni Bond Fund | 31,346 | 87,389 | 92,375 |
AMT-Free VA Intermediate Muni Bond Fund | 52,175 | 158,599 | 191,743 |
Global Infrastructure Fund | 71,474 | 262,792 | 345,541 |
Short Term Municipal Bond Fund | 407,596 | 1,291,573 | 1,264,155 |
For Funds with fiscal period ending May 31 | |||
Commodity Strategy Fund | 12,686 | 30,884 | 47,910 |
Diversified Equity Income Fund | 458,573 | 1,437,174 | 1,488,857 |
Dividend Opportunity Fund | 840,746 | 2,839,743 | 2,777,270 |
Flexible Capital Income Fund | 139,237 | 356,044 | 118,679 |
High Yield Bond Fund | 414,567 | 1,275,724 | 1,235,345 |
MM Value Strategies Fund | 320,837 | 965,954 | 654,474 |
Mortgage Opportunities Fund | 60,061 | 129,742 | 6,058 (a) |
Select Large-Cap Value Fund | 188,674 | 562,728 | 410,760 |
Select Smaller-Cap Value Fund | 132,861 | 384,818 | 373,131 |
Seligman Communications and Information Fund | 668,142 | 1,879,754 | 1,707,269 |
Small/Mid Cap Value Fund | 205,625 | 718,042 | 894,822 |
Statement of Additional Information – June 1, 2017 | 115 |
Administrative Services Fees | |||
2016 | 2015 | 2014 | |
U.S. Government Mortgage Fund | $415,042 | $1,188,946 | $1,243,886 |
For Funds with fiscal period ending July 31 | |||
Disciplined Core Fund | 673,359 | 2,055,336 | 1,916,648 |
Disciplined Growth Fund | 118,898 | 383,325 | 315,368 |
Disciplined Value Fund | 184,061 | 545,298 | 348,109 |
Floating Rate Fund | 207,726 | 655,573 | 743,819 |
Global Opportunities Fund | 124,931 | 420,623 | 464,744 |
Government Money Market Fund | 290,034 | 921,758 | 1,002,488 |
Income Opportunities Fund | 614,797 | 1,989,596 | 1,957,561 |
Inflation Protected Securities Fund | 41,436 | 165,294 | 189,657 |
Limited Duration Credit Fund | 236,597 | 774,188 | 729,816 |
MN Tax-Exempt Fund | 107,216 | 307,477 | 287,171 |
Strategic Municipal Income Fund | 143,871 | 411,139 | 386,949 |
For Funds with fiscal period ending October 31 | |||
Absolute Return Currency and Income Fund | 16,453 | 40,417 | 43,247 |
Asia Pacific ex-Japan Fund | 14,764 | 802,067 | 526,126 |
Emerging Markets Bond Fund | 100,728 | 400,535 | 519,939 |
European Equity Fund | 140,369 | 442,667 | 463,460 |
Global Bond Fund | 23,747 | 90,506 | 118,359 |
Select Global Equity Fund | 107,916 | 310,437 | 319,709 |
Seligman Global Technology Fund | 115,591 | 337,564 | 281,879 |
(a) | For the period from April 30, 2014 (commencement of operations) to May 31, 2014. |
Statement of Additional Information – June 1, 2017 | 116 |
Statement of Additional Information – June 1, 2017 | 117 |
Sales Charges Paid to Distributor |
Amount
Retained by Distributor
After Paying Commissions |
|||||
2016 | 2015 | 2014 | 2016 | 2015 | 2014 | |
For Funds with fiscal period ending May 31 | ||||||
Commodity Strategy Fund | $13,811 | $19,788 | $4,927 | $2,068 | $2,840 | $700 |
Diversified Equity Income Fund | 909,129 | 1,221,109 | 1,362,341 | 134,347 | 185,997 | 214,889 |
Dividend Opportunity Fund | 1,700,429 | 2,989,496 | 4,164,771 | 281,811 | 499,994 | 653,429 |
Flexible Capital Income Fund | 382,932 | 2,138,279 | 636,096 | 90,314 | 338,211 | 91,734 |
High Yield Bond Fund | 613,591 | 658,433 | 890,213 | 101,395 | 109,844 | 152,649 |
MM Value Strategies Fund | 0 | 0 | 0 | 0 | 0 | 0 |
Mortgage Opportunities Fund | 22,928 | 3,202 | 0 (a) | 5,322 | 537 | 0 (a) |
Select Large-Cap Value Fund | 107,161 | 418,169 | 480,587 | 21,366 | 68,792 | 70,498 |
Select Smaller-Cap Value Fund | 216,535 | 189,052 | 211,623 | 35,683 | 28,452 | 31,197 |
Seligman Communications and Information Fund | 1,939,763 | 1,412,778 | 755,972 | 292,834 | 214,197 | 147,978 |
Small/Mid Cap Value Fund | 282,557 | 301,838 | 447,309 | 43,008 | 49,215 | 71,068 |
U.S. Government Mortgage Fund | 366,020 | 252,555 | 295,618 | 59,850 | 41,793 | 87,063 |
For Funds with fiscal period ending July 31 | ||||||
Disciplined Core Fund | 1,331,334 | 1,678,963 | 1,414,908 | 195,542 | 248,353 | 218,072 |
Disciplined Growth Fund | 249,475 | 159,176 | 60,744 | 37,550 | 24,435 | 8,870 |
Disciplined Value Fund | 98,164 | 345,446 | 85,224 | 16,626 | 51,174 | 12,385 |
Floating Rate Fund | 210,695 | 283,396 | 712,818 | 42,436 | 70,885 | 161,909 |
Global Opportunities Fund | 303,614 | 404,059 | 550,066 | 45,961 | 62,652 | 85,411 |
Government Money Market Fund | 6,867 | 7,497 | 18,434 | 6,867 | 7,497 | 18,434 |
Income Opportunities Fund | 422,906 | 354,290 | 394,249 | 68,204 | 60,969 | 78,924 |
Inflation Protected Securities Fund | 16,774 | 37,397 | 60,697 | 2,803 | 7,546 | 9,967 |
Limited Duration Credit Fund | 136,727 | 272,173 | 339,388 | 25,273 | 54,801 | 77,697 |
Minnesota Tax-Exempt Fund | 496,864 | 392,198 | 372,153 | 78,656 | 58,396 | 61,917 |
Strategic Municipal Income Fund | 421,956 | 344,257 | 284,174 | 67,660 | 54,274 | 50,406 |
For Funds with fiscal period ending October 31 | ||||||
Absolute Return Currency and Income Fund | 25,534 | 21,659 | 2,864 | 4,900 | 3,573 | 811 |
Asia Pacific ex-Japan Fund | 978 | 5,544 | 735 | 156 | 769 | 103 |
Emerging Markets Bond Fund | 70,258 | 121,452 | 270,936 | 16,250 | 26,085 | 62,031 |
European Equity Fund | 128,038 | 394,465 | 586,471 | 22,259 | 73,891 | 89,908 |
Global Bond Fund | 14,947 | 22,140 | 57,856 | 2,233 | 3,709 | 9,447 |
Select Global Equity Fund | 109,872 | 119,818 | 182,484 | 16,112 | 18,365 | 27,624 |
Seligman Global Technology Fund | 440,341 | 413,638 | 201,212 | 67,381 | 61,197 | 32,025 |
(a) | For the period from April 30, 2014 (commencement of operations) to May 31, 2014. |
Statement of Additional Information – June 1, 2017 | 118 |
Distribution Fee | Service Fee | Combined Total | |
Class A (Series of CFST) | — | — | 0.25% (a) |
Class A (Series of CFST II) | up to 0.25% | up to 0.25% | 0.25% (b) |
Class B | 0.75% (c) | 0.25% | 1.00% (d) |
Class C | 0.75% (c) | 0.25% | 1.00% (b) |
Class K | None | None (e) | None |
Class R (Series of CFST) | 0.50% | — (f) | 0.50% |
Class R (Series of CFST II) | up to 0.50% (b) | up to 0.25% | 0.50% (f) |
Class R4 | None | None | None |
Class R5 | None | None | None |
Class T | up to 0.25% | up to 0.25% | 0.25% (b) |
Class V | None | 0.50% (g) | 0.50% (g) |
Class Y | None | None | None |
Class Z | None | None | None |
(a) | Series of CFST pay a combined distribution and service fee pursuant to their combined shareholder servicing and distribution plan for Class A shares. |
(b) | Fee amounts noted apply to all Funds other than Government Money Market Fund, which, for each of Class A and Class T shares, pays distribution and service fees of 0.10%, and for Class C shares pays distribution fees of 0.75%. The Distributor has currently agreed not to be reimbursed by the Fund for 0.25% of the 0.50% fee for Class R shares of Columbia Government Money Market Fund. The Distributor has voluntarily agreed to waive the 12b-1 fees it receives from Class A, Class C, Class R and Class T shares of Government Money Market Fund. Compensation paid to financial intermediaries may be suspended to the extent of the Distributor’s waiver of the 12b-1 fees on these specific share classes of these Funds. |
(c) | For Short Term Bond Fund, the Distributor has voluntarily agreed to waive a portion of the distribution fee for Class B and Class C shares so that the distribution fee does not exceed 0.30% and 0.60%, respectively, annually. |
(d) | Fee amounts noted apply to all Funds other than Government Money Market Fund, which pays distribution fees of up to 0.75% and service fees of up to 0.10% for a combined total of 0.85%. The Distributor has currently agreed not to be reimbursed by the Fund for 0.10% of the 0.85% fee for Class B shares of Government Money Market Fund. Class B shares are closed to new and existing investors. |
(e) | Under a Plan Administration Services Agreement, the Funds’ Class K shares pay for plan administration services. These fees for Class K shares are not paid pursuant to a Rule 12b-1 plan. See Investment Management and Other Services – Other Services Provided – Plan Administration Services for more information. |
(f) | Class R shares of series of CFST pay a distribution fee pursuant to a Fund’s distribution (Rule 12b-1) plan for Class R shares and do not have a shareholder service plan for Class R shares. Series of CFST II have a distribution and shareholder service plan for Class R shares pursuant to which the maximum fee under the plan reimbursed for distribution expenses is equal on an annual basis to 0.50% of the average daily net assets attributable to Class R shares of the Funds, of which amount, up to 0.25% may be reimbursed for shareholder service expense. |
(g) | The shareholder servicing fees for Class V shares are up to 0.50% of average daily net assets attributable to Class V shares for equity Funds and 0.40% for fixed income Funds. In general, the Funds currently limit such fees to a maximum of 0.25% for equity Funds and 0.15% for fixed income Funds. These fees for Class V shares are not paid pursuant to a Rule 12b-1 plan. See Class V Shares Shareholder Service Fees below for more information. |
Statement of Additional Information – June 1, 2017 | 119 |
Statement of Additional Information – June 1, 2017 | 120 |
Statement of Additional Information – June 1, 2017 | 121 |
Fund | Class A | Class B | Class C | Class R | Class T | Class V |
Mortgage Opportunities Fund | $14,519 | N/A | $5,482 | N/A | $25 | N/A |
Select Large-Cap Value Fund | 661,093 | $11,376 | 779,627 | $109,629 | 77,740 | N/A |
Select Smaller-Cap Value Fund | 903,829 | 28,498 | 383,489 | 52,988 | N/A | N/A |
Seligman Communications and Information Fund | 6,788,255 | 40,022 | 7,478,122 | 246,291 | N/A | N/A |
Small/Mid Cap Value Fund | 1,900,198 | 84,720 | 320,261 | 42,385 | 5 | N/A |
U.S. Government Mortgage Fund | 1,579,788 | 12,463 | 413,529 | 13 | 40,813 | N/A |
For Funds with fiscal period ending July 31 | ||||||
Disciplined Core Fund | 8,468,263 | 333,057 | 566,931 | 26,095 | 167,001 | N/A |
Disciplined Growth Fund | 445,052 | 3,587 | 153,270 | 783 | 233,601 | N/A |
Disciplined Value Fund | 242,179 | 2,607 | 161,032 | 12,635 | 536,514 | $192,498 |
Floating Rate Fund | 1,205,777 | 16,335 | 940,528 | 27,538 | 6 | N/A |
Global Opportunities Fund | 1,509,853 | 79,352 | 271,099 | 235 | 6 | N/A |
Government Money Market Fund | 0 | 13,762 | 0 | 0 | 0 | N/A |
Income Opportunities Fund | 3,691,683 | 52,686 | 963,644 | 5,443 | 13,290 | N/A |
Inflation Protected Securities Fund | 149,715 | 2,083 | 78,496 | 26,676 | 731 | N/A |
Limited Duration Credit Fund | 1,128,638 | 7,498 | 572,868 | N/A | 126,526 | N/A |
MN Tax-Exempt Fund | 1,078,187 | 3,291 | 575,918 | N/A | N/A | N/A |
Strategic Municipal Income Fund | 1,500,596 | 3,776 | 203,885 | N/A | N/A | N/A |
For Funds with fiscal period ending October 31 | ||||||
Absolute Return Currency and Income Fund | 54,477 | 477 | 30,215 | N/A | 188 | N/A |
Asia Pacific ex-Japan Fund | 1,673 | N/A | 3,434 | 1,434 | N/A | N/A |
Emerging Markets Bond Fund | 316,427 | 3,954 | 265,986 | 78,890 | 18,946 | N/A |
European Equity Fund | 389,711 | 7,249 | 236,132 | N/A | 5 | N/A |
Global Bond Fund | 201,709 | 4,550 | 26,035 | 212 | 119 | N/A |
Select Global Equity Fund | 787,941 | 21,804 | 146,240 | 929 | 6 | N/A |
Seligman Global Technology Fund | 1,185,724 | 21,913 | 937,991 | 44,528 | N/A | N/A |
Fund | Class B |
Percentage
of Class B net assets |
Class C |
Percentage
of Class C net assets |
Absolute Return Currency and Income Fund | $23,000 | 240.05% | $22,000 | 0.74% |
Asia Pacific ex-Japan Fund | N/A | N/A | 2,000 | 0.55% |
Capital Allocation Aggressive Portfolio | 1,197,000 | 16.02% | 289,000 | 0.39% |
Capital Allocation Conservative Portfolio | 1,614,000 | 89.84% | 268,000 | 0.62% |
Capital Allocation Moderate Portfolio | 4,959,000 | 34.43% | 1,601,000 | 0.86% |
Commodity Strategy Fund | N/A | N/A | 3,000 | 0.81% |
Disciplined Core Fund | 5,338,000 | 25.47% | 1,235,000 | 2.14% |
Disciplined Growth Fund | 123,000 | 66.68% | 50,000 | 0.25% |
Disciplined Value Fund | 12,000 | 7.39% | 38,000 | 0.24% |
Statement of Additional Information – June 1, 2017 | 122 |
Fund | Class B |
Percentage
of Class B net assets |
Class C |
Percentage
of Class C net assets |
Diversified Equity Income Fund | $7,478,000 | 49.54% | $619,000 | 0.92% |
Dividend Opportunity Fund | 3,261,000 | 40.61% | 1,082,000 | 0.26% |
Emerging Markets Bond Fund | 112,000 | 44.74% | 319,000 | 1.49% |
European Equity Fund | 152,000 | 39.38% | 152,000 | 1.04% |
Flexible Capital Income Fund | N/A | N/A | 652,000 | 0.53% |
Floating Rate Fund | 1,144,000 | 124.97% | 741,000 | 0.73% |
Global Bond Fund | 562,000 | 245.26% | 72,000 | 3.32% |
Global Equity Value Fund | 1,503,000 | 59.85% | 40,000 | 0.19% |
Global Infrastructure Fund | 0 | 0.00% | 288,000 | 1.23% |
Global Opportunities Fund | 3,290,000 | 87.59% | 394,000 | 1.56% |
Government Money Market Fund | 3,929,000 | 587.52% | 1,238,000 | 4.69% |
High Yield Bond Fund | 2,501,000 | 68.14% | 7,982,000 | 9.06% |
Income Builder Fund | 4,418,000 | 136.38% | 1,162,000 | 0.49% |
Income Opportunities Fund | 1,810,000 | 51.27% | 1,034,000 | 1.06% |
Inflation Protected Securities Fund | 520,000 | 590.52% | 164,000 | 2.17% |
Limited Duration Credit Fund | 639,000 | 157.88% | 628,000 | 1.24% |
MN Tax-Exempt Fund | 100,000 | 63.81% | 428,000 | 0.59% |
Mortgage Opportunities Fund | N/A | N/A | 13,000 | 0.85% |
Select Global Equity Fund | 703,000 | 55.19% | 1,367,000 | 10.74% |
Select Large-Cap Value Fund | 17,000 | 2.39% | 2,928,000 | 4.15% |
Select Smaller-Cap Value Fund | 586,000 | 21.20% | 2,432,000 | 5.97% |
Seligman Communications and Information Fund | 0 | 0.00% | 17,538,000 | 2.20% |
Seligman Global Technology Fund | 94,000 | 5.77% | 4,277,000 | 4.09% |
Small/Mid Cap Value Fund | 1,561,000 | 39.42% | 312,000 | 1.00% |
Strategic Municipal Income Fund | 240,000 | 128.15% | 236,000 | 0.59% |
U.S. Government Mortgage Fund | 691,000 | 111.22% | 304,000 | 0.60% |
Statement of Additional Information – June 1, 2017 | 123 |
Statement of Additional Information – June 1, 2017 | 124 |
Amounts Reimbursed | |||
2017 | 2016 | 2015 | |
For Funds with fiscal period ending January 31 | |||
Capital Allocation Aggressive Portfolio | $0 | $0 | $0 |
Capital Allocation Conservative Portfolio | 0 | 0 | 0 |
Capital Allocation Moderate Aggressive Portfolio | 0 | 0 | 0 |
Capital Allocation Moderate Conservative Portfolio | 0 | 0 | 0 |
Capital Allocation Moderate Portfolio | 0 | 0 | 0 |
Global Strategic Equity Fund | 0 | 0 | 0 |
Income Builder Fund | 0 | 0 | 0 |
2016 | 2015 | 2014 | |
For Funds with fiscal period ending February 28/29 | |||
Convertible Securities Fund | 1,457,434 | 2,214,261 | 1,386,820 |
Global Equity Value Fund | 0 | 0 | 46,438 |
Large Cap Enhanced Core Fund | 1,585,278 | 995,829 | 639,263 |
Large Cap Growth Fund III | 130,998 | 53,706 | 0 |
Large Cap Index Fund | 88,551 | 77,734 | 90,356 |
Mid Cap Index Fund | 7,142,608 | 7,188,619 | 6,337,793 |
Mid Cap Value Fund | 0 | 0 | 0 |
Overseas Value Fund | 288 | 0 | 783,102 |
Select Global Growth Fund | 67,388 | 101,593 | 90,302 |
Select International Equity Fund | 121,134 | 69,562 | 0 |
Select Large Cap Equity Fund | 275,109 | 279,840 | 278,009 |
Small Cap Index Fund | 81,848 | 70,146 | 80,248 |
Small Cap Value Fund II | 0 | 0 | 0 |
For Funds with fiscal period ending March 31 | |||
Short Term Bond Fund | 1,718,552 | 1,925,395 | 2,030,139 |
For Funds with fiscal period ending April 30 | |||
AMT-Free CA Intermediate Muni Bond Fund | 837,581 | 711,618 | 651,807 |
AMT-Free GA Intermediate Muni Bond Fund | 180,727 | 196,116 | 221,483 |
AMT-Free MD Intermediate Muni Bond Fund | 201,269 | 207,608 | 244,382 |
AMT-Free NC Intermediate Muni Bond Fund | 321,931 | 308,313 | 321,351 |
AMT-Free SC Intermediate Muni Bond Fund | 242,847 | 239,755 | 265,033 |
AMT-Free VA Intermediate Muni Bond Fund | 336,395 | 355,377 | 431,935 |
Global Infrastructure Fund | 0 | 0 | 0 |
Short Term Municipal Bond Fund | 3,096,375 | 3,264,887 | 3,155,193 |
For Funds with fiscal period ending May 31 |
Statement of Additional Information – June 1, 2017 | 125 |
Amounts Reimbursed | |||
2016 | 2015 | 2014 | |
Commodity Strategy Fund | $3,738 | $85,471 | $104,298 |
Diversified Equity Income Fund | 0 | 1 | 156,136 |
Dividend Opportunity Fund | 0 | 0 | 0 |
Flexible Capital Income Fund | 0 | 80,230 | 227,197 |
High Yield Bond Fund | 1,274 | 147,188 | 0 |
MM Value Strategies Fund | 328,042 | 293,476 | 1,386,107 |
Mortgage Opportunities Fund | 315,924 | 348,741 | 42,035 (a) |
Select Large-Cap Value Fund | 156,775 | 189,566 | 402,411 |
Select Smaller-Cap Value Fund | 0 | 0 | 52,609 |
Seligman Communications and Information Fund | 0 | 0 | 0 |
Small/Mid Cap Value Fund | 8,402 | 0 | 59,768 |
U.S. Government Mortgage Fund | 1,075,707 | 1,130,943 | 1,244,781 |
For Funds with fiscal period ending July 31 | |||
Disciplined Core Fund | 0 | 0 | 0 |
Disciplined Growth Fund | 192,638 | 0 | 1,070 |
Disciplined Value Fund | 97,869 | 65,160 | 146,833 |
Floating Rate Fund | 354,608 | 162,326 | 97,497 |
Global Opportunities Fund | 0 | 0 | 0 |
Government Money Market Fund | 2,354,423 | 10,270,185 | 12,790,488 |
Income Opportunities Fund | 1,424,515 | 1,138,782 | 1,157,436 |
Inflation Protected Securities Fund | 393,548 | 799,875 | 729,928 |
Limited Duration Credit Fund | 460,042 | 295,544 | 288,780 |
MN Tax-Exempt Fund | 0 | 0 | 0 |
Strategic Municipal Income Fund | 251,237 | 207,506 | 191,952 |
For Funds with fiscal period ending October 31 | |||
Absolute Return Currency and Income Fund | 0 | 31,864 | 42,771 |
Asia Pacific ex-Japan Fund | 116,660 | 108,290 | 0 |
Emerging Markets Bond Fund | 0 | 0 | 0 |
European Equity Fund | 0 | 0 | 0 |
Global Bond Fund | 306,001 | 319,808 | 412,555 |
Select Global Equity Fund | 0 | 0 | 1 |
Seligman Global Technology Fund | 0 | 0 | 0 |
(a) | For the period from April 30, 2014 (commencement of operations) to May 31, 2014. |
Fees Waived | |||
2017 | 2016 | 2015 | |
For Funds with fiscal period ending January 31 | |||
Capital Allocation Moderate Aggressive Portfolio | N/A | N/A | $25,362 |
2016 | 2015 | 2014 | |
For Funds with fiscal period ending February 28/29 | |||
Large Cap Enhanced Core Fund | $80,416 | $211,973 | 303,692 |
Statement of Additional Information – June 1, 2017 | 126 |
Fees Waived | |||
2016 | 2015 | 2014 | |
For Funds with fiscal period ending March 31 | |||
Short Term Bond Fund | $116,748 | $226,913 | $475,404 |
For Funds with fiscal period ending April 30 | |||
Global Infrastructure Fund | N/A | N/A | 60,494 |
For Funds with fiscal period ending May 31 | |||
High Yield Bond Fund | N/A | 47,055 | 141,329 |
Seligman Communications and Information Fund | N/A | N/A | 238,977 |
For Funds with fiscal period ending July 31 | |||
Government Money Market Fund | 3,213,551 | 0 | 0 |
Income Opportunities Fund | 0 | 0 | 62,997 |
Statement of Additional Information – June 1, 2017 | 127 |
Statement of Additional Information – June 1, 2017 | 128 |
Statement of Additional Information – June 1, 2017 | 129 |
Statement of Additional Information – June 1, 2017 | 130 |
Statement of Additional Information – June 1, 2017 | 131 |
Statement of Additional Information – June 1, 2017 | 132 |
Name, address, year of birth |
Position
held with Subsidiary
and length of service |
Principal occupation during past five years |
Anthony
P. Haugen
807 Ameriprise Financial Center, Minneapolis, MN 55474-2405 Born 1964 |
Director
since
November 2013 |
Vice
President – Finance, Ameriprise Financial, Inc.
since June 2004 |
Amy
K. Johnson
5228 Ameriprise Financial Center Minneapolis, MN 55474-2405 Born 1965 |
Director
since
November 2013 |
See Fund Governance – Fund Officers . |
Christopher
O. Petersen
5228 Ameriprise Financial Center Minneapolis, MN 55474-2405 Born 1970 |
Director
since
January 2015 |
See Fund Governance – Fund Officers . |
Subsidiary |
Assets
(millions) |
Annual
rate at
each asset level (a) |
CCSF
Offshore Fund, Ltd.
(Subsidiary of Commodity Strategy Fund) |
$0 - $500 | 0.630% |
>$500 - $1,000 | 0.580% | |
>$1,000 - $3,000 | 0.550% | |
>$3,000 - $6,000 | 0.520% | |
>$6,000 - $12,000 | 0.500% | |
>$12,000 | 0.490% |
(a) | When calculating asset levels for purposes of determining fee rate breakpoints, asset levels are based on aggregate net assets of the Fund and the Parent Fund. When calculating the fee payable under this agreement, the annual rates are based on a percentage of the daily net assets of the Fund. |
Statement of Additional Information – June 1, 2017 | 133 |
Statement of Additional Information – June 1, 2017 | 134 |
Name,
Address,
Year of Birth |
Position
Held
with the Trusts and Length of Service |
Principal
Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number
of
Funds in the Columbia Funds Complex Overseen |
Other Directorships Held by Trustee During the Past Five Years |
Committee
Assignments |
George
S. Batejan
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1953 |
Trustee since 1/17 | Executive Vice President, Global Head of Technology and Operations, Janus Capital Group, Inc., 2010-2016 | 124 | Advisory Board Member, University of Colorado Business School (Executive Committee, Nominating Committee and Governance Committee) since November 2015; former Chairman of the Board, NICSA (National Investment Company Services Association), 2014-2016; former Director, Intech Investment Management, 2011-2016; former Board Member, Metro Denver Chamber of Commerce, 2015-2016 | Compliance, Contracts, Investment Review |
Kathleen
Blatz
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1954 |
Trustee since 1/06 for RiverSource Funds and since 6/11 for Nations Funds | Attorney, specializing in arbitration and mediation; Chief Justice, Minnesota Supreme Court, 1998-2006; Associate Justice, Minnesota Supreme Court, 1996-1998; Fourth Judicial District Court Judge, Hennepin County, 1994-1996; Attorney in private practice and public service, 1984-1993; State Representative, Minnesota House of Representatives, 1979-1993, which included service on the Tax and Financial Institutions and Insurance Committees; Member of the Board of the Minnesota Sports Facilities Authority since 2017 | 126 | Trustee, BlueCross BlueShield of Minnesota (Chair of the Business Development Committee) since 2009; Chair of the Robina Foundation since August 2013 | Board Governance, Compliance, Contracts, Executive, Investment Review |
Statement of Additional Information – June 1, 2017 | 135 |
Name,
Address,
Year of Birth |
Position
Held
with the Trusts and Length of Service |
Principal
Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number
of
Funds in the Columbia Funds Complex Overseen |
Other Directorships Held by Trustee During the Past Five Years |
Committee
Assignments |
Edward
J. Boudreau, Jr.
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1944 |
Trustee since 6/11 for RiverSource Funds and since 1/05 for Nations Funds | Managing Director, E.J. Boudreau & Associates (consulting) since 2000; FINRA Industry Arbitrator, 2002 – present; Chairman and Chief Executive Officer, John Hancock Investments (asset management), Chairman and Interested Trustee for open-end and closed-end funds offered by John Hancock, 1989-2000; John Hancock Mutual Life Insurance Company, including Senior Vice President and Treasurer and Senior Vice President Information Technology, 1968-1988 | 124 | Former Trustee, Boston Museum of Science (Chair of Finance Committee), 1985-2013; former Trustee, BofA Funds Series Trust (11 funds), 2005-2011 | Audit, Board Governance, Contracts, Investment Review |
Pamela
G. Carlton
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1954 |
Trustee since 7/07 for RiverSource Funds and since 6/11 for Nations Funds | President, Springboard- Partners in Cross Cultural Leadership (consulting company) since 2003; Managing Director of US Equity Research, JP Morgan Chase, 1999-2003; Director of US Equity Research, Chase Asset Management, 1996- 1999; Co-Director Latin America Research, 1993-1996, COO Global Research, 1992-1996, Co-Director of US Research, 1991-1992, Investment Banker, Morgan Stanley, 1982-1991 | 126 | Trustee, New York Presbyterian Hospital Board (Executive Committee and Chair of Human Resources Committee) since 1996 | Audit, Board Governance, Contracts, Executive, Investment Review |
Statement of Additional Information – June 1, 2017 | 136 |
Statement of Additional Information – June 1, 2017 | 137 |
Name,
Address,
Year of Birth |
Position
Held
with the Trusts and Length of Service |
Principal
Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number
of
Funds in the Columbia Funds Complex Overseen |
Other Directorships Held by Trustee During the Past Five Years |
Committee
Assignments |
Catherine
James Paglia
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1952 |
Trustee since 11/04 for RiverSource Funds and since 6/11 for Nations Funds | Director, Enterprise Asset Management, Inc. (private real estate and asset management company) since September 1998; Managing Director and Partner, Interlaken Capital, Inc., 1989-1997; Managing Director, Morgan Stanley, 1982-1989; Vice President, Investment Banking, 1980-1982, Associate, Investment Banking, 1976-1980, Dean Witter Reynolds, Inc. | 126 | Director, Valmont Industries, Inc. (irrigation systems manufacturer) since 2012; Trustee, Carleton College (on the Investment Committee); Trustee, Carnegie Endowment for International Peace (on the Investment Committee) | Board Governance, Compliance, Contracts, Executive, Investment Review |
Minor
M. Shaw
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1947 |
Trustee since 6/11 for RiverSource Funds and since 2003 for Nations Funds | President, Micco LLC (private investments) since 2011; President, Micco Corp. (family investment business), 1998-2011 | 126 | Director, BlueCross BlueShield of South Carolina since April 2008; Advisory Board member, Duke Energy Corp. since October 2016; Chair of the Duke Endowment; Director, National Association of Corporate Directors, Carolinas Chapter, since 2013; Chair of Greenville – Spartanburg Airport Commission; former Trustee, BofA Funds Series Trust (11 funds), 2003-2011; former Director, Piedmont Natural Gas, 2004-2016 | Compliance, Contracts, Investment Review |
John
G. Taft
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1955 |
Trustee since 1/17 | Chief Executive Officer, RBC Wealth Management (a division of RBC Capital Markets LLC), 2005-2016 | 124 | Trustee, Andy Warhol Foundation for Visual Arts (Finance Committee) since 2014; former Director, RBC Global Asset Management – U.S., 2001-2016 | Audit, Contracts, Investment Review |
Alison
Taunton-Rigby
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1944 |
Trustee since 11/02 for RiverSource Funds and since 6/11 for Nations Funds | President, Chief Executive Officer (CEO) and Director, RiboNovix, Inc., 2003-2010; President and CEO, CMT Inc., 2001-2003; President and CEO, Aquila Biopharmaceuticals Inc., 1997-2000; President and CEO, Cambridge Biotechnology Corporation, 1995-1997; President and CEO, Mitotix Inc., 1993-1994 | 126 | Director, Boston Children’s Hospital since 2002; Director, ICI Mutual Insurance Company, since 2011; Director, Blumont/IRD since 2016; Director, Mount Ida College since 2016; former Director, Abt Associates (government contractor), 2001-2016; former Director, Healthways, Inc. (health and well-being solutions), 2005-2016 | Audit, Board Governance, Contracts, Investment Review |
Statement of Additional Information – June 1, 2017 | 138 |
Name,
Address,
Year of Birth |
Position
Held
with the Trusts and Length of Service |
Principal
Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number
of
Funds in the Columbia Funds Complex Overseen |
Other Directorships Held by Trustee During the Past Five Years |
Committee
Assignments |
Anthony
M. Santomero
c/o Columbia Management Investment Advisers, LLC, 225 Franklin Street, Mail Drop BX32 05228, Boston, MA 02110 1946 |
Trustee since 6/11 for RiverSource Funds and since 1/08 for Nations Funds | Richard K. Mellon Professor Emeritus of Finance, The Wharton School, University of Pennsylvania, since 2002; Senior Advisor, McKinsey & Company (consulting), 2006-2008; President, Federal Reserve Bank of Philadelphia, 2000-2006; Professor of Finance, The Wharton School, University of Pennsylvania, 1972-2002 | 124 | Trustee, Penn Mutual Life Insurance Company since March 2008; Director, Renaissance Reinsurance Ltd. since May 2008; Director, Citigroup Inc. since 2009; Director, Citibank, N.A. since 2009; former Trustee, BofA Funds Series Trust (11 funds), 2008-2011 | Compliance, Contracts, Executive, Investment Review |
* | Dr. Santomero is not an affiliated person of the Investment Manager or Ameriprise Financial. However, he is currently deemed by the Funds to be an “interested person” (as defined in the 1940 Act) of the Funds because he serves as a Director of Citigroup Inc. and Citibank, N.A., companies that may directly or through subsidiaries and affiliates engage from time-to-time in brokerage execution, principal transactions and lending relationships with the Funds or accounts advised/managed by the Investment Manager. |
Name,
Address,
Year of Birth |
Position
Held
with the Trusts and Length of Service |
Principal
Occupation(s)
During the Past Five Years and Other Relevant Professional Experience |
Number
of
Funds in the Columbia Funds Complex Overseen |
Other Directorships Held by Trustee During the Past Five Years |
Committee
Assignments |
William
F. Truscott
c/o Columbia Management Investment Advisers, LLC, 225 Franklin St. Boston, MA 02110 1960 |
Trustee since 11/01 for RiverSource Funds and since 6/11 for Nations Funds; Senior Vice President since 2002 for RiverSource Funds and since 5/10 for Nations Funds | Chairman of the Board and President, Columbia Management Investment Advisers, LLC since May 2010 and February 2012, respectively; Chief Executive Officer, Global Asset Management, Ameriprise Financial, Inc. since September 2012 (previously Chief Executive Officer, U.S. Asset Management & President, Annuities, May 2010 - September 2012); Director and Chief Executive Officer, Columbia Management Investment Distributors, Inc. since May 2010 and February 2012, respectively; Chairman of the Board and Chief Executive Officer, RiverSource Distributors, Inc. since 2006; Director, Threadneedle Asset Management Holdings, SARL since 2014; President and Chief Executive Officer, Ameriprise Certificate Company, 2006 - August 2012. | 183 | Chairman of the Board, Columbia Management Investment Advisers, LLC since May 2010; Director, Columbia Management Investment Distributors, Inc. since May 2010; Former Director, Ameriprise Certificate Company, 2006 - January 2013 | None |
* | Interested person (as defined under the 1940 Act) by reason of being an officer, director, security holder and/or employee of the Investment Manager or Ameriprise Financial. |
Statement of Additional Information – June 1, 2017 | 139 |
Statement of Additional Information – June 1, 2017 | 140 |
Statement of Additional Information – June 1, 2017 | 141 |
Statement of Additional Information – June 1, 2017 | 142 |
Statement of Additional Information – June 1, 2017 | 143 |
Statement of Additional Information – June 1, 2017 | 144 |
Fiscal Period |
Audit
Committee |
Compliance
Committee |
Contracts
Committee |
Executive
Committee |
Governance
Committee |
Investment
Review Committee |
For
the fiscal year
ending January 31, 2017 |
7 | 5 | 6 | 0 | 10 | 5 |
For
the fiscal year
ending February 29, 2016 |
5 | 5 | 6 | 0 | 6 | 6 |
For
the fiscal year
ending March 31, 2016 |
5 | 5 | 7 | 0 | 7 | 5 |
For
the fiscal year
ending April 30, 2016 |
5 | 5 | 6 | 0 | 7 | 5 |
For
the fiscal year
ending May 31, 2016 |
5 | 5 | 6 | 0 | 7 | 5 |
For
the fiscal year
ending July 31, 2016 |
6 | 5 | 6 | 0 | 7 | 5 |
For
the fiscal year
ending October 31, 2016 |
7 | 5 | 6 | 0 | 10 | 5 |
Batejan | Blatz | Boudreau | Carlton | Carmichael | Flynn | Hawkins | Paglia | Shaw | Taft |
Taunton-
Rigby |
|
Absolute Return Currency and Income Fund | A | A | A | A | E (a) | A | A | C | A | A | A |
AMT-Free CA Intermediate Muni Bond Fund | A | A | A | A | A | A | A | A | A | A | A |
AMT-Free GA Intermediate Muni Bond Fund | A | A | A | A | A | A | A | A | A | A | A |
AMT-Free MD Intermediate Muni Bond Fund | A | A | A | A | A | A | A | A | A | A | A |
AMT-Free NC Intermediate Muni Bond Fund | A | A | A | A | A | A | A | A | A | A | A |
AMT-Free SC Intermediate Muni Bond Fund | A | A | A | A | A | A | A | A | A | A | A |
AMT-Free VA Intermediate Muni Bond Fund | A | A | A | A | A | A | A | A | A | A | A |
Asia Pacific ex-Japan Fund | A | A | A | A | A | A | A | A | A | A | A |
Capital Allocation Aggressive Portfolio | A | A | C (a) | A | A | A | A | A | A | A | A |
Capital Allocation Conservative Portfolio | A | A | A | A | A | A | A | A | A | A | A |
Capital Allocation Moderate Aggressive Portfolio | A | A | A | A | A | A | A | A | A | A | A |
Capital Allocation Moderate Conservative Portfolio | A | A | E (a) | A | A | A | A | A | A | A | A |
Capital Allocation Moderate Portfolio | A | A | D (a) | A | A | A | A | A | A | A | A |
Commodity Strategy Fund | A | A | A | A | E (a) | A | A | A | A | A | A |
Convertible Securities Fund | A | A | C (a) | A | E (a) | A | A | A | C (b) | A | A |
Disciplined Core Fund | A | A | D (a) | E (a) | A | A | A | A | A | A | A |
Statement of Additional Information – June 1, 2017 | 145 |
Batejan | Blatz | Boudreau | Carlton | Carmichael | Flynn | Hawkins | Paglia | Shaw | Taft |
Taunton-
Rigby |
|
Disciplined Growth Fund | A | A | D (a) | A | A | A | A | A | A | A | A |
Disciplined Value Fund | A | A | A | A | A | E (a) | A | A | D (b) | A | D |
Diversified Equity Income Fund | A | A | A | D | E (a) | A | C | A | A | A | A |
Dividend Opportunity Fund | A | E | A | C | A | A | A | A | E (a) | A | A |
Emerging Markets Bond Fund | A | A | A | A | A | A | A | A | C (b) | A | A |
European Equity Fund | A | A | A | C (a) | A | A | A | A | C (b) | A | A |
Flexible Capital Income Fund | A | A | A | A | A | A | A | E (a) | A | A | A |
Floating Rate Fund | A | A | A | A | E (a) | E (a) | A | A | A | A | A |
Global Bond Fund | A | A | A | A | E (a) | A | A | A | A | A | A |
Global Equity Value Fund | A | A | A | A | A | A | A | A | A | A | A |
Global Infrastructure Fund | A | C | A | A | A | A | A | A | A | A | A |
Global Opportunities Fund | A | A | A | C (a) | A | C | A | A | A | A | A |
Global Strategic Equity Fund | A | A | A | A | A | A | A | A | A | A | A |
Government Money Market Fund | A | A | C (a) | C (a) | B (a) | C (a) | C (a) | D (a) | C (a) | A | D (a) |
High Yield Bond Fund | A | A | A | C | E (a) | E (a) | A | A | A | A | A |
Income Builder Fund | A | A | A | A | E (a) | A | A | A | A | A | A |
Income Opportunities Fund | A | A | A | A | A | A | C | A | C (b) | A | A |
Inflation Protected Securities Fund | A | A | A | A | A | A | A | A | A | A | A |
Large Cap Enhanced Core Fund | A | A | C (a) | D | A | E (a) | A | A | A | A | A |
Large Cap Growth Fund III | A | A | A | A | A | A | A | A | E (a) | A | A |
Large Cap Index Fund | A | A | A | C (a) | A | A | C (a) | A | E (b) | A | E (a) |
Limited Duration Credit Fund | A | A | A | A | A | A | A | A | A | A | A |
Mid Cap Index Fund | A | A | A | A | A | A | E (a) | A | E (a)(b) | A | E (a) |
Mid Cap Value Fund | A | A | A | C | E (a) | A | A | A | A | A | D |
MM Value Strategies Fund | A | A | A | A | A | A | A | A | A | A | A |
MN Tax-Exempt Fund | A | A | A | A | A | A | A | A | A | A | A |
Overseas Value Fund | A | A | A | C (a) | E | A | E (a) | A | A | A | A |
Select Global Equity Fund | A | E | A | C (a) | A | A | A | A | A | A | A |
Select Global Growth Fund | A | A | A | A | A | A | A | A | A | A | A |
Select International Equity Fund | A | E | A | C (a) | A | A | A | A | A | A | A |
Select Large Cap Equity Fund | A | A | E (a) | A | A | A | A | A | A | A | A |
Select Large-Cap Value Fund | A | A | A | E (a) | A | A | A | A | A | A | A |
Select Smaller-Cap Value Fund | A | A | A | A | E (a) | A | A | E (a) | A | A | A |
Seligman Communications and Information Fund | A | D | A | A | A | A | A | A | A | A | A |
Seligman Global Technology Fund | A | B | A | A | A | A | A | A | A | A | A |
Short Term Bond Fund | A | A | E (a) | D | A | A | A | A | A | A | A |
Short Term Municipal Bond Fund | A | A | A | A | A | A | A | A | A | A | A |
Small Cap Index Fund | A | A | A | A | A | A | A | A | E (a)(b) | A | E (a) |
Small Cap Value Fund II | A | A | A | A | A | A | A | A | A | A | A |
Small/Mid Cap Value Fund | A | A | A | A | A | A | A | A | A | A | A |
Strategic Municipal Income Fund | A | A | A | A | A | A | A | A | A | A | A |
Statement of Additional Information – June 1, 2017 | 146 |
Batejan | Blatz | Boudreau | Carlton | Carmichael | Flynn | Hawkins | Paglia | Shaw | Taft |
Taunton-
Rigby |
|
U.S. Government Mortgage Fund | A | C | A | A | A | A | A | A | C (b) | A | A |
Aggregate Dollar Range of Equity Securities in all Funds in the Columbia Funds Complex Overseen by the Trustee | A | E | E (a) | E (a) | E (a) | E (a) | E (a) | E (a) | E (a)(b) | A | E (a) |
(a) | Includes the value of compensation payable under a Deferred Compensation Plan that is determined as if the amounts deferred had been invested, as of the date of deferral, in shares of one or more funds in the Columbia Funds Complex overseen by the Trustee as specified by the Trustee. |
(b) | Ms. Shaw invests in a Section 529 Plan managed by the Investment Manager that allocates assets to various open-end funds, including Columbia Funds. The amount shown in the table includes the value of her interest in this plan determined as if her investment in the plan were invested directly in the Columbia Fund pursuant to the plan’s target allocations. |
Santomero | Truscott | |
Absolute Return Currency and Income Fund | A | A |
AMT-Free CA Intermediate Muni Bond Fund | A | A |
AMT-Free GA Intermediate Muni Bond Fund | A | A |
AMT-Free MD Intermediate Muni Bond Fund | A | A |
AMT-Free NC Intermediate Muni Bond Fund | A | A |
AMT-Free SC Intermediate Muni Bond Fund | A | A |
AMT-Free VA Intermediate Muni Bond Fund | A | A |
Asia Pacific ex-Japan Fund | A | A |
Capital Allocation Aggressive Portfolio | A | A |
Capital Allocation Conservative Portfolio | A | A |
Capital Allocation Moderate Aggressive Portfolio | A | A |
Capital Allocation Moderate Conservative Portfolio | A | A |
Capital Allocation Moderate Portfolio | A | A |
Commodity Strategy Fund | A | E |
Convertible Securities Fund | A | A |
Disciplined Core Fund | A | C |
Disciplined Growth Fund | A | D |
Disciplined Value Fund | A | E |
Diversified Equity Income Fund | A | A |
Dividend Opportunity Fund | A | A |
Emerging Markets Bond Fund | A | A |
European Equity Fund | A | E |
Flexible Capital Income Fund | A | E |
Floating Rate Fund | A | E |
Global Bond Fund | A | A |
Global Equity Value Fund | A | A |
Global Infrastructure Fund | A | A |
Global Opportunities Fund | A | E |
Global Strategic Equity Fund | A | A |
Government Money Market Fund | B (a) | A |
High Yield Bond Fund | A | A |
Income Builder Fund | A | E (b) |
Income Opportunities Fund | A | A |
Statement of Additional Information – June 1, 2017 | 147 |
Santomero | Truscott | |
Inflation Protected Securities Fund | A | A |
Large Cap Enhanced Core Fund | A | A |
Large Cap Growth Fund III | A | A |
Large Cap Index Fund | A | E |
Limited Duration Credit Fund | E (a) | E |
Mid Cap Index Fund | A | A |
Mid Cap Value Fund | A | D |
MM Value Strategies Fund | A | A |
MN Tax-Exempt Fund | A | A |
Overseas Value Fund | A | D |
Select Global Equity Fund | A | C |
Select Global Growth Fund | A | A |
Select International Equity Fund | A | D |
Select Large-Cap Value Fund | A | E |
Select Smaller-Cap Value Fund | A | A |
Seligman Communications and Information Fund | A | A |
Seligman Global Technology Fund | A | D |
Short Term Bond Fund | E (a) | A |
Short Term Municipal Bond Fund | A | A |
Small Cap Index Fund | A | C |
Small Cap Value Fund II | A | A |
Small/Mid Cap Value Fund | A | A |
Strategic Municipal Income Fund | A | A |
U.S. Government Mortgage Fund | A | C |
Aggregate
Dollar Range of Equity Securities in all Funds in the
Columbia Funds Complex Overseen by the Trustee |
E (a) | E (b) |
(a) | Includes the value of compensation payable under a Deferred Compensation Plan that is determined as if the amounts deferred had been invested, as of the date of deferral, in shares of one or more funds in the Columbia Funds Complex overseen by the Trustee as specified by the Trustee. |
(b) | Includes notional investments through a deferred compensation account. Mr. Truscott’s deferred compensation plan is separate from that of the Independent Trustees (for these purposes, including Interested Trustees who are not affiliated persons of the Investment Manager or Ameriprise Financial). |
Statement of Additional Information – June 1, 2017 | 148 |
(a) | Trustee compensation is paid by the Funds and is comprised of a combination of a base fee and meeting fees, with the exception of the Chair of the Board, who receives a base annual compensation. Payment of compensation is administered by a company providing limited administrative services to the Funds and to the Board. |
(b) | Includes any portion of cash compensation Trustees elected to defer during the fiscal period. |
(c) | The Trustees may elect to defer a portion of the total cash compensation payable. Additional information regarding the Deferred Compensation Plan is described below. |
(d) | Mr. Hilliard served as Trustee until October 28, 2016, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
(e) | Mr. Richie served as Trustee until December 31, 2016, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
(f) | Mr. Batejan and Mr. Taft each became a Trustee effective January 1, 2017, and as such have received no compensation from the Funds or the Columbia Funds Complex prior to such date. |
Statement of Additional Information – June 1, 2017 | 149 |
Fund |
Aggregate
Compensation from Fund
Independent Trustees |
|||||||||||||
Batejan (a) | Blatz | Boudreau | Carlton | Carmichael | Flynn | Hawkins | Hilliard (b) | Paglia | Richie (c) | Santomero | Shaw | Taft (a) | Taunton-Rigby | |
For Funds with fiscal period ending January 31 | ||||||||||||||
Capital Allocation Aggressive Portfolio | $86 | $1,597 | $1,560 | $1,597 | $1,468 | $1,443 | $2,074 | $1,159 | $1,611 | $1,357 | $1,547 | $1,468 | $86 | $1,519 |
Amount Deferred | $0 | $0 | $702 | $9 | $0 | $1,443 | $494 | $0 | $820 | $0 | $9 | $734 | $0 | $1,432 |
Capital Allocation Conservative Portfolio | $62 | $1,166 | $1,139 | $1,166 | $1,072 | $1,053 | $1,514 | $847 | $1,176 | $991 | $1,130 | $1,072 | $62 | $1,108 |
Amount Deferred | $0 | $0 | $513 | $6 | $0 | $1,053 | $360 | $0 | $599 | $0 | $6 | $536 | $0 | $1,046 |
Capital Allocation Moderate Aggressive Portfolio | $174 | $3,255 | $3,178 | $3,255 | $2,993 | $2,940 | $4,222 | $2,366 | $3,281 | $2,766 | $3,152 | $2,993 | $174 | $3,095 |
Amount Deferred | $0 | $0 | $1,430 | $17 | $0 | $2,940 | $1,005 | $0 | $1,671 | $0 | $17 | $1,496 | $0 | $2,921 |
Capital Allocation Moderate Conservative Portfolio | $84 | $1,570 | $1,533 | $1,570 | $1,443 | $1,418 | $2,037 | $1,140 | $1,583 | $1,334 | $1,520 | $1,443 | $84 | $1,492 |
Amount Deferred | $0 | $0 | $690 | $8 | $0 | $1,418 | $485 | $0 | $806 | $0 | $8 | $721 | $0 | $1,408 |
Capital Allocation Moderate Portfolio | $139 | $2,588 | $2,527 | $2,588 | $2,380 | $2,338 | $3,357 | $1,880 | $2,609 | $2,199 | $2,506 | $2,380 | $139 | $2,461 |
Amount Deferred | $0 | $0 | $1,137 | $14 | $0 | $2,338 | $799 | $0 | $1,329 | $0 | $14 | $1,190 | $0 | $2,323 |
Global Strategic Equity Fund | $83 | $1,581 | $1,543 | $1,581 | $1,453 | $1,428 | $2,050 | $1,151 | $1,594 | $1,344 | $1,531 | $1,453 | $83 | $1,503 |
Amount Deferred | $0 | $0 | $695 | $8 | $0 | $1,428 | $488 | $0 | $811 | $0 | $8 | $727 | $0 | $1,419 |
Income Builder Fund | $120 | $2,217 | $2,165 | $2,217 | $2,040 | $2,004 | $2,877 | $1,608 | $2,236 | $1,884 | $2,148 | $2,040 | $120 | $2,109 |
Amount Deferred | $0 | $0 | $974 | $12 | $0 | $2,004 | $685 | $0 | $1,139 | $0 | $12 | $1,020 | $0 | $1,990 |
For Funds with fiscal period ending February 28/29 | ||||||||||||||
Convertible Securities Fund | N/A | $2,125 | $2,054 | $1,943 | $2,559 | $1,944 | $2,234 | $1,868 | $2,088 | $1,961 | $1,875 | $1,978 | N/A | $1,960 |
Amount Deferred | N/A | $0 | $659 | $248 | $0 | $1,944 | $632 | $0 | $1,044 | $0 | $0 | $989 | N/A | $1,960 |
Global Equity Value Fund | N/A | $1,810 | $1,750 | $1,660 | $2,172 | $1,660 | $1,918 | $1,600 | $1,780 | $1,675 | $1,600 | $1,690 | N/A | $1,675 |
Amount Deferred | N/A | $0 | $566 | $208 | $0 | $1,660 | $540 | $0 | $890 | $0 | $0 | $845 | N/A | $1,675 |
Large Cap Enhanced Core Fund | N/A | $1,299 | $1,256 | $1,193 | $1,553 | $1,192 | $1,380 | $1,148 | $1,277 | $1,202 | $1,150 | $1,213 | N/A | $1,203 |
Amount Deferred | N/A | $0 | $408 | $148 | $0 | $1,192 | $388 | $0 | $639 | $0 | $0 | $606 | N/A | $1,203 |
Large Cap Growth Fund III | N/A | $1,808 | $1,747 | $1,656 | $2,175 | $1,657 | $1,911 | $1,597 | $1,778 | $1,672 | $1,594 | $1,687 | N/A | $1,672 |
Amount Deferred | N/A | $0 | $563 | $210 | $0 | $1,657 | $539 | $0 | $889 | $0 | $0 | $844 | N/A | $1,672 |
Large Cap Index Fund | N/A | $4,482 | $4,334 | $4,113 | $5,365 | $4,112 | $4,759 | $3,963 | $4,408 | $4,148 | $3,962 | $4,186 | N/A | $4,149 |
Amount Deferred | N/A | $0 | $1,405 | $512 | $0 | $4,112 | $1,339 | $0 | $2,204 | $0 | $0 | $2,093 | N/A | $4,149 |
Mid Cap Index Fund | N/A | $4,713 | $4,557 | $4,318 | $5,655 | $4,319 | $4,988 | $4,162 | $4,635 | $4,358 | $4,165 | $4,396 | N/A | $4,357 |
Amount Deferred | N/A | $0 | $1,472 | $543 | $0 | $4,319 | $1,406 | $0 | $2,318 | $0 | $0 | $2,198 | N/A | $4,357 |
Mid Cap Value Fund | N/A | $4,200 | $4,061 | $3,848 | $5,066 | $3,853 | $4,432 | $3,721 | $4,132 | $3,891 | $3,700 | $3,924 | N/A | $3,886 |
Amount Deferred | N/A | $0 | $1,308 | $487 | $0 | $3,853 | $1,252 | $0 | $2,066 | $0 | $0 | $1,962 | N/A | $3,886 |
Overseas Value Fund | N/A | $1,485 | $1,436 | $1,362 | $1,781 | $1,362 | $1,574 | $1,313 | $1,460 | $1,375 | $1,313 | $1,387 | N/A | $1,374 |
Amount Deferred | N/A | $0 | $465 | $170 | $0 | $1,362 | $443 | $0 | $730 | $0 | $0 | $693 | N/A | $1,374 |
Select Global Growth Fund | N/A | $877 | $848 | $805 | $1,050 | $805 | $932 | $776 | $862 | $812 | $776 | $819 | N/A | $812 |
Amount Deferred | N/A | $0 | $275 | $100 | $0 | $805 | $262 | $0 | $431 | $0 | $0 | $410 | N/A | $812 |
Select International Equity Fund | N/A | $1,410 | $1,364 | $1,292 | $1,693 | $1,293 | $1,494 | $1,247 | $1,387 | $1,305 | $1,245 | $1,317 | N/A | $1,304 |
Amount Deferred | N/A | $0 | $441 | $162 | $0 | $1,293 | $421 | $0 | $694 | $0 | $0 | $658 | N/A | $1,304 |
Select Large Cap Equity Fund | N/A | $1,342 | $1,298 | $1,233 | $1,604 | $1,233 | $1,427 | $1,186 | $1,320 | $1,243 | $1,188 | $1,255 | N/A | $1,244 |
Amount Deferred | N/A | $0 | $422 | $153 | $0 | $1,233 | $401 | $0 | $660 | $0 | $0 | $627 | N/A | $1,244 |
Small Cap Index Fund | N/A | $4,063 | $3,928 | $3,723 | $4,874 | $3,722 | $4,300 | $3,584 | $3,995 | $3,755 | $3,592 | $3,788 | N/A | $3,755 |
Amount Deferred | N/A | $0 | $1,269 | $468 | $0 | $3,722 | $1,212 | $0 | $1,997 | $0 | $0 | $1,894 | N/A | $3,755 |
Statement of Additional Information – June 1, 2017 | 150 |
Fund |
Aggregate
Compensation from Fund
Independent Trustees |
|||||||||||||
Batejan (a) | Blatz | Boudreau | Carlton | Carmichael | Flynn | Hawkins | Hilliard (b) | Paglia | Richie (c) | Santomero | Shaw | Taft (a) | Taunton-Rigby | |
Small Cap Value Fund II | N/A | $2,444 | $2,363 | $2,243 | $2,937 | $2,243 | $2,590 | $2,165 | $2,404 | $2,264 | $2,158 | $2,284 | N/A | $2,263 |
Amount Deferred | N/A | $0 | $764 | $281 | $0 | $2,243 | $730 | $0 | $1,202 | $0 | $0 | $1,142 | N/A | $2,263 |
For Funds with fiscal period ending March 31 | ||||||||||||||
Short Term Bond Fund | N/A | $3,033 | $2,960 | $2,840 | $3,505 | $2,766 | $3,316 | $2,693 | $2,985 | $2,766 | $2,706 | $2,840 | N/A | $2,840 |
Amount Deferred | N/A | $0 | $995 | $319 | $0 | $2,766 | $915 | $0 | $1,493 | $0 | $0 | $1,420 | N/A | $2,840 |
For Funds with fiscal period ending April 30 | ||||||||||||||
AMT-Free GA Intermediate Muni Bond Fund | N/A | $910 | $888 | $851 | $1,042 | $829 | $1,004 | $808 | $895 | $829 | $859 | $851 | N/A | $851 |
Amount Deferred | N/A | $0 | $313 | $81 | $0 | $829 | $271 | $0 | $448 | $0 | $0 | $426 | N/A | $851 |
AMT-Free MD Intermediate Muni Bond Fund | N/A | $922 | $900 | $863 | $1,056 | $840 | $1,017 | $819 | $907 | $840 | $870 | $863 | N/A | $863 |
Amount Deferred | N/A | $0 | $318 | $82 | $0 | $840 | $274 | $0 | $454 | $0 | $0 | $431 | N/A | $863 |
AMT-Free NC Intermediate Muni Bond Fund | N/A | $1,034 | $1,010 | $969 | $1,183 | $943 | $1,143 | $920 | $1,018 | $943 | $976 | $969 | N/A | $969 |
Amount Deferred | N/A | $0 | $357 | $91 | $0 | $943 | $308 | $0 | $509 | $0 | $0 | $484 | N/A | $969 |
AMT-Free SC Intermediate Muni Bond Fund | N/A | $972 | $948 | $909 | $1,112 | $885 | $1,073 | $863 | $956 | $885 | $917 | $909 | N/A | $909 |
Amount Deferred | N/A | $0 | $335 | $86 | $0 | $885 | $289 | $0 | $478 | $0 | $0 | $455 | N/A | $909 |
AMT-Free VA Intermediate Muni Bond Fund | N/A | $1,062 | $1,037 | $995 | $1,217 | $968 | $1,172 | $943 | $1,045 | $968 | $1,003 | $995 | N/A | $995 |
Amount Deferred | N/A | $0 | $366 | $94 | $0 | $968 | $316 | $0 | $523 | $0 | $0 | $497 | N/A | $995 |
Global Infrastructure Fund | N/A | $1,144 | $1,116 | $1,067 | $1,318 | $1,040 | $1,256 | $1,011 | $1,125 | $1,040 | $1,079 | $1,067 | N/A | $1,067 |
Amount Deferred | N/A | $0 | $390 | $105 | $0 | $1,040 | $340 | $0 | $563 | $0 | $0 | $533 | N/A | $1,067 |
Short Term Municipal Bond Fund | N/A | $2,813 | $2,746 | $2,634 | $3,220 | $2,564 | $3,100 | $2,499 | $2,768 | $2,564 | $2,657 | $2,634 | N/A | $2,634 |
Amount Deferred | N/A | $0 | $971 | $248 | $0 | $2,564 | $835 | $0 | $1,384 | $0 | $0 | $1,317 | N/A | $2,634 |
AMT-Free CA Intermediate Muni Bond Fund | N/A | $1,266 | $1,236 | $1,187 | $1,446 | $1,154 | $1,400 | $1,126 | $1,246 | $1,154 | $1,195 | $1,187 | N/A | $1,187 |
Amount Deferred | N/A | $0 | $438 | $111 | $0 | $1,154 | $376 | $0 | $623 | $0 | $0 | $593 | N/A | $1,187 |
For Funds with fiscal period ending May 31 | ||||||||||||||
Commodity Strategy Fund | N/A | $878 | $857 | $821 | $956 | $799 | $1,023 | $779 | $864 | $799 | $829 | $821 | N/A | $821 |
Amount Deferred | N/A | $0 | $309 | $71 | $0 | $799 | $271 | $0 | $432 | $0 | $0 | $411 | N/A | $821 |
Diversified Equity Income Fund | N/A | $3,457 | $3,372 | $3,229 | $3,768 | $3,146 | $4,005 | $3,060 | $3,401 | $3,146 | $3,259 | $3,229 | N/A | $3,229 |
Amount Deferred | N/A | $0 | $1,210 | $286 | $0 | $3,146 | $1,064 | $0 | $1,700 | $0 | $0 | $1,614 | N/A | $3,229 |
Dividend Opportunity Fund | N/A | $6,147 | $5,994 | $5,721 | $6,702 | $5,576 | $7,080 | $5,420 | $6,043 | $5,576 | $5,795 | $5,721 | N/A | $5,721 |
Amount Deferred | N/A | $0 | $2,139 | $517 | $0 | $5,576 | $1,888 | $0 | $3,021 | $0 | $0 | $2,860 | N/A | $5,721 |
Flexible Capital Income Fund | N/A | $1,482 | $1,445 | $1,379 | $1,620 | $1,345 | $1,705 | $1,304 | $1,457 | $1,345 | $1,396 | $1,379 | N/A | $1,379 |
Amount Deferred | N/A | $0 | $514 | $126 | $0 | $1,345 | $455 | $0 | $728 | $0 | $0 | $690 | N/A | $1,379 |
High Yield Bond Fund | N/A | $2,870 | $2,801 | $2,686 | $3,123 | $2,616 | $3,344 | $2,550 | $2,824 | $2,616 | $2,710 | $2,686 | N/A | $2,686 |
Amount Deferred | N/A | $0 | $1,011 | $232 | $0 | $2,616 | $886 | $0 | $1,412 | $0 | $0 | $1,343 | N/A | $2,686 |
MM Value Strategies Fund | N/A | $2,734 | $2,669 | $2,556 | $2,966 | $2,488 | $3,190 | $2,432 | $2,691 | $2,488 | $2,583 | $2,556 | N/A | $2,556 |
Amount Deferred | N/A | $0 | $965 | $219 | $0 | $2,488 | $844 | $0 | $1,345 | $0 | $0 | $1,278 | N/A | $2,556 |
Mortgage Opportunities Fund | N/A | $1,071 | $1,045 | $1,002 | $1,165 | $976 | $1,248 | $951 | $1,054 | $976 | $1,011 | $1,002 | N/A | $1,002 |
Statement of Additional Information – June 1, 2017 | 151 |
Fund |
Aggregate
Compensation from Fund
Independent Trustees |
|||||||||||||
Batejan (a) | Blatz | Boudreau | Carlton | Carmichael | Flynn | Hawkins | Hilliard (b) | Paglia | Richie (c) | Santomero | Shaw | Taft (a) | Taunton-Rigby | |
Amount Deferred | N/A | $0 | $378 | $86 | $0 | $976 | $331 | $0 | $527 | $0 | $0 | $501 | N/A | $1,002 |
Select Large-Cap Value Fund | N/A | $1,789 | $1,744 | $1,668 | $1,952 | $1,626 | $2,068 | $1,579 | $1,759 | $1,626 | $1,686 | $1,668 | N/A | $1,668 |
Amount Deferred | N/A | $0 | $624 | $149 | $0 | $1,626 | $550 | $0 | $879 | $0 | $0 | $834 | N/A | $1,668 |
Select Smaller-Cap Value Fund | N/A | $1,334 | $1,302 | $1,247 | $1,454 | $1,215 | $1,552 | $1,183 | $1,313 | $1,215 | $1,259 | $1,247 | N/A | $1,247 |
Amount Deferred | N/A | $0 | $469 | $109 | $0 | $1,215 | $412 | $0 | $656 | $0 | $0 | $624 | N/A | $1,247 |
Seligman Communications and Information Fund | N/A | $5,063 | $4,940 | $4,733 | $5,505 | $4,609 | $5,903 | $4,496 | $4,982 | $4,609 | $4,777 | $4,733 | N/A | $4,733 |
Amount Deferred | N/A | $0 | $1,783 | $409 | $0 | $4,609 | $1,564 | $0 | $2,491 | $0 | $0 | $2,366 | N/A | $4,733 |
Small/Mid Cap Value Fund | N/A | $1,880 | $1,833 | $1,753 | $2,052 | $1,709 | $2,172 | $1,660 | $1,848 | $1,709 | $1,772 | $1,753 | N/A | $1,753 |
Amount Deferred | N/A | $0 | $655 | $158 | $0 | $1,709 | $578 | $0 | $924 | $0 | $0 | $876 | N/A | $1,753 |
U.S. Government Mortgage Fund | N/A | $2,939 | $2,870 | $2,759 | $3,193 | $2,684 | $3,435 | $2,620 | $2,894 | $2,684 | $2,776 | $2,759 | N/A | $2,759 |
Amount Deferred | N/A | $0 | $1,042 | $233 | $0 | $2,684 | $908 | $0 | $1,447 | $0 | $0 | $1,379 | N/A | $2,759 |
For Funds with fiscal period ending July 31 | ||||||||||||||
Disciplined Core Fund | N/A | $5,272 | $5,144 | $5,187 | $5,475 | $4,801 | $6,110 | $4,678 | $5,231 | $4,801 | $4,973 | $4,929 | N/A | $4,929 |
Amount Deferred | N/A | $0 | $2,024 | $297 | $0 | $4,801 | $1,555 | $0 | $2,594 | $0 | $0 | $2,464 | N/A | $4,929 |
Disciplined Growth Fund | N/A | $1,438 | $1,402 | $1,414 | $1,501 | $1,311 | $1,663 | $1,273 | $1,426 | $1,311 | $1,355 | $1,344 | N/A | $1,344 |
Amount Deferred | N/A | $0 | $549 | $83 | $0 | $1,311 | $424 | $0 | $707 | $0 | $0 | $672 | N/A | $1,344 |
Disciplined Value Fund | N/A | $1,865 | $1,820 | $1,835 | $1,935 | $1,696 | $2,157 | $1,651 | $1,851 | $1,696 | $1,760 | $1,740 | N/A | $1,740 |
Amount Deferred | N/A | $0 | $716 | $105 | $0 | $1,696 | $549 | $0 | $918 | $0 | $0 | $870 | N/A | $1,740 |
Floating Rate Fund | N/A | $1,778 | $1,734 | $1,749 | $1,856 | $1,620 | $2,053 | $1,574 | $1,763 | $1,620 | $1,676 | $1,663 | N/A | $1,663 |
Amount Deferred | N/A | $0 | $680 | $103 | $0 | $1,620 | $524 | $0 | $874 | $0 | $0 | $831 | N/A | $1,663 |
Global Opportunities Fund | N/A | $1,564 | $1,527 | $1,539 | $1,626 | $1,424 | $1,810 | $1,387 | $1,552 | $1,424 | $1,477 | $1,462 | N/A | $1,462 |
Amount Deferred | N/A | $0 | $601 | $88 | $0 | $1,424 | $461 | $0 | $770 | $0 | $0 | $731 | N/A | $1,462 |
Government Money Market Fund | N/A | $2,571 | $2,510 | $2,531 | $2,672 | $2,341 | $2,977 | $2,282 | $2,552 | $2,341 | $2,429 | $2,405 | N/A | $2,405 |
Amount Deferred | N/A | $0 | $990 | $143 | $0 | $2,341 | $757 | $0 | $1,265 | $0 | $0 | $1,202 | N/A | $2,405 |
Income Opportunities Fund | N/A | $3,924 | $3,827 | $3,859 | $4,101 | $3,575 | $4,528 | $3,473 | $3,891 | $3,575 | $3,698 | $3,669 | N/A | $3,669 |
Amount Deferred | N/A | $0 | $1,501 | $226 | $0 | $3,575 | $1,155 | $0 | $1,929 | $0 | $0 | $1,834 | N/A | $3,669 |
Inflation Protected Securities Fund | N/A | $1,032 | $1,007 | $1,015 | $1,072 | $939 | $1,195 | $914 | $1,024 | $939 | $974 | $964 | N/A | $964 |
Amount Deferred | N/A | $0 | $397 | $57 | $0 | $939 | $304 | $0 | $508 | $0 | $0 | $482 | N/A | $964 |
Limited Duration Credit Fund | N/A | $1,876 | $1,828 | $1,843 | $1,970 | $1,713 | $2,164 | $1,663 | $1,858 | $1,713 | $1,764 | $1,759 | N/A | $1,759 |
Amount Deferred | N/A | $0 | $714 | $111 | $0 | $1,713 | $553 | $0 | $922 | $0 | $0 | $879 | N/A | $1,759 |
MN Tax-Exempt Fund | N/A | $1,401 | $1,369 | $1,380 | $1,446 | $1,273 | $1,625 | $1,243 | $1,392 | $1,273 | $1,326 | $1,307 | N/A | $1,307 |
Amount Deferred | N/A | $0 | $543 | $75 | $0 | $1,273 | $412 | $0 | $690 | $0 | $0 | $653 | N/A | $1,307 |
Strategic Municipal Income Fund | N/A | $1,586 | $1,551 | $1,563 | $1,634 | $1,440 | $1,840 | $1,407 | $1,577 | $1,440 | $1,503 | $1,478 | N/A | $1,478 |
Amount Deferred | N/A | $0 | $615 | $84 | $0 | $1,440 | $466 | $0 | $781 | $0 | $0 | $739 | N/A | $1,478 |
For Funds with fiscal period ending October 31 | ||||||||||||||
Absolute Return Currency and Income Fund | N/A | $924 | $896 | $924 | $843 | $834 | $1,176 | $878 | $932 | $834 | $881 | $857 | N/A | $878 |
Amount Deferred | N/A | $0 | $381 | $23 | $0 | $834 | $286 | $0 | $462 | $0 | $0 | $428 | N/A | $878 |
Asia Pacific ex-Japan Fund | N/A | $906 | $878 | $906 | $826 | $818 | $1,151 | $861 | $913 | $818 | $863 | $840 | N/A | $861 |
Amount Deferred | N/A | $0 | $372 | $24 | $0 | $818 | $280 | $0 | $453 | $0 | $0 | $420 | N/A | $861 |
Statement of Additional Information – June 1, 2017 | 152 |
Fund |
Aggregate
Compensation from Fund
Independent Trustees |
|||||||||||||
Batejan (a) | Blatz | Boudreau | Carlton | Carmichael | Flynn | Hawkins | Hilliard (b) | Paglia | Richie (c) | Santomero | Shaw | Taft (a) | Taunton-Rigby | |
Emerging Markets Bond Fund | N/A | $1,340 | $1,298 | $1,340 | $1,221 | $1,210 | $1,703 | $1,274 | $1,351 | $1,210 | $1,277 | $1,242 | N/A | $1,274 |
Amount Deferred | N/A | $0 | $551 | $35 | $0 | $1,210 | $414 | $0 | $670 | $0 | $0 | $621 | N/A | $1,274 |
European Equity Fund | N/A | $1,418 | $1,374 | $1,418 | $1,294 | $1,282 | $1,801 | $1,349 | $1,430 | $1,282 | $1,351 | $1,317 | N/A | $1,349 |
Amount Deferred | N/A | $0 | $583 | $38 | $0 | $1,282 | $438 | $0 | $709 | $0 | $0 | $658 | N/A | $1,349 |
Global Bond Fund | N/A | $951 | $922 | $951 | $867 | $859 | $1,209 | $904 | $959 | $859 | $907 | $882 | N/A | $904 |
Amount Deferred | N/A | $0 | $391 | $24 | $0 | $859 | $294 | $0 | $476 | $0 | $0 | $441 | N/A | $904 |
Select Global Equity Fund | N/A | $1,308 | $1,266 | $1,308 | $1,192 | $1,181 | $1,663 | $1,243 | $1,319 | $1,181 | $1,246 | $1,212 | N/A | $1,243 |
Amount Deferred | N/A | $0 | $538 | $34 | $0 | $1,181 | $404 | $0 | $654 | $0 | $0 | $606 | N/A | $1,243 |
Seligman Global Technology Fund | N/A | $1,533 | $1,484 | $1,533 | $1,396 | $1,383 | $1,953 | $1,457 | $1,546 | $1,383 | $1,460 | $1,419 | N/A | $1,457 |
Amount Deferred | N/A | $0 | $631 | $39 | $0 | $1,383 | $474 | $0 | $767 | $0 | $0 | $710 | N/A | $1,457 |
(a) | Mr. Batejan and Mr. Taft each became a Trustee effective January 1, 2017, and as such have received no compensation from the Funds or the Columbia Funds Complex prior to such date. |
(b) | Mr. Hilliard served as Trustee until October 28, 2016, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
(c) | Mr. Richie served as Trustee until December 31, 2016, and stopped receiving compensation from the Funds and the Columbia Funds Complex as of such date. |
Statement of Additional Information – June 1, 2017 | 153 |
Statement of Additional Information – June 1, 2017 | 154 |
Statement of Additional Information – June 1, 2017 | 155 |
Statement of Additional Information – June 1, 2017 | 156 |
Total Brokerage Commissions | |||
Fund | 2017 | 2016 | 2015 |
For Funds with fiscal period ending January 31 | |||
Capital Allocation Aggressive Portfolio | $43,196 | $81,810 | $15,275 |
Capital Allocation Conservative Portfolio | 14,626 | 31,835 | 10,514 |
Capital Allocation Moderate Aggressive Portfolio | 124,712 | 257,660 | 126,734 |
Capital Allocation Moderate Conservative Portfolio | 31,168 | 106,439 | 29,332 |
Capital Allocation Moderate Portfolio | 89,450 | 259,720 | 73,686 |
Global Strategic Equity Fund | 214,031 | 111,720 | 0 |
Income Builder Fund | 0 | 0 | 0 |
Fund | 2016 | 2015 | 2014 |
For Funds with fiscal period ending February 28/29 | |||
Convertible Securities Fund | 50,209 | 105,952 | 73,168 |
Global Equity Value Fund | 1,702,510 | 1,067,198 | 1,076,394 |
Large Cap Enhanced Core Fund | 374,605 | 161,985 | 86,352 |
Large Cap Growth Fund III | 763,283 | 437,297 | 1,105,991 |
Large Cap Index Fund | 64,864 | 33,530 | 22,212 |
Mid Cap Index Fund | 77,274 | 105,163 | 186,412 |
Mid Cap Value Fund | 2,502,535 | 1,435,664 | 2,825,497 |
Overseas Value Fund | 811,428 | 1,317,080 | 725,680 |
Select Global Growth Fund | 106,481 | 65,069 | 75,119 |
Select International Equity Fund | 1,581,643 | 1,843,097 | 3,786,564 |
Select Large Cap Equity Fund | 421,649 | 864,717 | 1,223,814 |
Small Cap Index Fund | 104,818 | 160,181 | 117,229 |
Small Cap Value Fund II | 1,939,036 | 1,828,228 | 1,900,817 |
Statement of Additional Information – June 1, 2017 | 157 |
Total Brokerage Commissions | |||
Fund | 2016 | 2015 | 2014 |
For Funds with fiscal period ending March 31 | |||
Short Term Bond Fund | $6,180 | $26,279 | $19,065 |
For Funds with fiscal period ending April 30 | |||
AMT-Free CA Intermediate Muni Bond Fund | 0 | 0 | 0 |
AMT-Free GA Intermediate Muni Bond Fund | 0 | 0 | 0 |
AMT-Free MD Intermediate Muni Bond Fund | 0 | 0 | 0 |
AMT-Free NC Intermediate Muni Bond Fund | 0 | 0 | 0 |
AMT-Free SC Intermediate Muni Bond Fund | 0 | 0 | 0 |
AMT-Free VA Intermediate Muni Bond Fund | 0 | 0 | 0 |
Global Infrastructure Fund | 319,634 | 318,292 | 963,149 |
Short Term Municipal Bond Fund | 0 | 0 | 0 |
For Funds with fiscal period ending May 31 | |||
Commodity Strategy Fund | 0 | 0 | 0 |
Diversified Equity Income Fund | 1,304,955 | 1,476,755 | 2,617,037 |
Dividend Opportunity Fund | 4,643,851 | 4,730,277 | 4,891,708 |
Flexible Capital Income Fund | 278,619 | 313,300 | 119,064 |
High Yield Bond Fund | 4,931 | 2,626 | 1,571 |
MM Value Strategies Fund | 1,897,862 | 1,765,744 | 1,483,445 |
Mortgage Opportunities Fund | 87,801 | 240,318 | 0 (a) |
Select Large-Cap Value Fund | 310,097 | 525,703 | 205,143 |
Select Smaller-Cap Value Fund | 339,767 | 0 | 346,290 |
Seligman Communications and Information Fund | 2,776,342 | 4,035,260 | 3,165,386 |
Small/Mid Cap Value Fund | 1,633,040 | 1,616,600 | 3,773,751 |
U.S. Government Mortgage Fund | 203,550 | 375,293 | 86,591 |
For Funds with fiscal period ending July 31 | |||
Disciplined Core Fund | 2,109,841 | 1,189,786 | 1,973,260 |
Disciplined Growth Fund | 352,378 | 514,195 | 246,044 |
Disciplined Value Fund | 723,310 | 831,852 | 377,759 |
Floating Rate Fund | 1,340 | 28,166 | 33,087 |
Global Opportunities Fund | 1,272,120 | 1,572,579 | 1,628,742 |
Government Money Market Fund | 0 | 0 | 0 |
Income Opportunities Fund | 6,948 | 6,042 | 8,271 |
Inflation Protected Securities Fund | 16,879 | 65,209 | 32,547 |
Limited Duration Credit Fund | 53,368 | 43,400 | 22,382 |
MN Tax-Exempt Fund | 993 | 0 | 0 |
Strategic Municipal Income Fund | 3,408 | 0 | 0 |
For Funds with fiscal period ending October 31 | |||
Absolute Return Currency and Income Fund | 0 | 0 | 0 |
Asia Pacific ex-Japan Fund | 72,428 | 2,061,817 | 1,074,549 |
Emerging Markets Bond Fund | 832 | 7,551 | 6,239 |
European Equity Fund | 594,925 | 578,874 | 834,231 |
Global Bond Fund | 19,217 | 11,042 | 33,637 |
Select Global Equity Fund | 571,796 | 634,101 | 581,437 |
Statement of Additional Information – June 1, 2017 | 158 |
Total Brokerage Commissions | |||
Fund | 2016 | 2015 | 2014 |
Seligman Global Technology Fund | $521,091 | $643,771 | $749,468 |
(a) | For the period from April 30, 2014 (commencement of operations) to May 31, 2014. |
(1) | Prior to May 1, 2010, MLPFS (as of January 1, 2009) and other broker-dealers affiliated with BANA were affiliated broker-dealers of the Fund by virtue of being under common control with the Previous Adviser. The affiliation created by this relationship ended on May 1, 2010, when the investment advisory agreement with the Previous Adviser was terminated and the Fund entered into a new investment management services agreement with the Investment Manager. However, BANA, on behalf of its fiduciary accounts, continues to have investments in certain of the Columbia Funds. The amounts shown include any brokerage commissions paid to MLPFS after May 1, 2010. |
Statement of Additional Information – June 1, 2017 | 159 |
Brokerage directed for research | ||
Fund | Amount of Transactions | Amount of Commissions Imputed or Paid |
For Funds with fiscal period ending January 31 | ||
Capital Allocation Aggressive Portfolio | $4,807,292 (a) | $5,405 (a) |
Capital Allocation Conservative Portfolio | 1,251,300 (a) | 1,429 (a) |
Capital Allocation Moderate Aggressive Portfolio | 8,660,217 (a) | 9,594 (a) |
Capital Allocation Moderate Conservative Portfolio | 2,023,810 (a) | 2,309 (a) |
Capital Allocation Moderate Portfolio | 8,491,715 (a) | 9,458 (a) |
Global Strategic Equity Fund | 17,997,780 (a) | 21,136 (a) |
Income Builder Fund | 0 (a) | 0 (a) |
For Funds with fiscal period ending February 28/29 | ||
Convertible Securities Fund | 10,792,737 | 5,809 |
Global Equity Value Fund | 1,011,895,846 | 642,184 |
Large Cap Enhanced Core Fund | 436,067,408 | 171,803 |
Large Cap Growth Fund III | 916,419,068 | 173,930 |
Large Cap Index Fund | 71,499 | 13 |
Mid Cap Index Fund | 0 | 0 |
Mid Cap Value Fund | 1,057,681,742 | 549,440 |
Overseas Value Fund | 176,541,701 | 141,131 |
Select Global Growth Fund | 115,005,395 | 33,097 |
Select International Equity Fund | 371,975,829 | 504,464 |
Select Large Cap Equity Fund | 670,337,549 | 306,443 |
Small Cap Index Fund | 11 | 0 |
Small Cap Value Fund II | 572,795,251 | 540,398 |
For Funds with fiscal period ending March 31 | ||
Short Term Bond Fund | 0 | 0 |
For Funds with fiscal period ending April 30 | ||
AMT-Free CA Intermediate Muni Bond Fund | 0 | 0 |
AMT-Free GA Intermediate Muni Bond Fund | 0 | 0 |
AMT-Free MD Intermediate Muni Bond Fund | 0 | 0 |
AMT-Free NC Intermediate Muni Bond Fund | 0 | 0 |
AMT-Free SC Intermediate Muni Bond Fund | 0 | 0 |
AMT-Free VA Intermediate Muni Bond Fund | 0 | 0 |
Global Infrastructure Fund | 226,396,063 | 141,755 |
Statement of Additional Information – June 1, 2017 | 160 |
Brokerage directed for research | ||
Fund | Amount of Transactions | Amount of Commissions Imputed or Paid |
Short Term Municipal Bond Fund | $0 | $0 |
For Funds with fiscal period ending May 31 | ||
Commodity Strategy Fund | 0 | 0 |
Diversified Equity Income Fund | 870,621,938 | 497,546 |
Dividend Opportunity Fund | 3,570,976,556 | 2,185,544 |
Flexible Capital Income Fund | 119,726,381 | 79,142 |
High Yield Bond Fund | 0 | 0 |
MM Value Strategies Fund | 660,957,068 | 403,017 |
Mortgage Opportunities Fund | 0 | 0 |
Select Large-Cap Value Fund | 0 | 0 |
Select Smaller-Cap Value Fund | 137,146 | 127 |
Seligman Communications and Information Fund | 236,377,259 | 228,621 |
Small/Mid Cap Value Fund | 384,732,890 | 398,616 |
U.S. Government Mortgage Fund | 0 | 0 |
For Funds with fiscal period ending July 31 | ||
Disciplined Core Fund | 1,513,703,337 | 638,794 |
Disciplined Growth Fund | 370,398,618 | 131,112 |
Disciplined Value Fund | 559,811,561 | 283,335 |
Floating Rate Fund | 0 | 0 |
Global Opportunities Fund | 222,480,110 | 148,260 |
Government Money Market Fund | 0 | 0 |
Income Opportunities Fund | 0 | 0 |
Inflation Protected Securities Fund | 0 | 0 |
Limited Duration Credit Fund | 0 | 0 |
MN Tax-Exempt Fund | 0 | 0 |
Strategic Municipal Income Fund | 0 | 0 |
For Funds with fiscal period ending October 31 | ||
Absolute Return Currency and Income Fund | 0 | 0 |
Asia Pacific ex-Japan Fund | 21,668,050 | 47,737 |
Emerging Markets Bond Fund | 0 | 0 |
European Equity Fund | 276,853,307 | 383,143 |
Global Bond Fund | 0 | 0 |
Select Global Equity Fund | 231,708,188 | 378,669 |
Seligman Global Technology Fund | 36,706,118 | 45,792 |
(a) | The underlying funds may have directed transactions to firms in exchange for research services. |
Statement of Additional Information – June 1, 2017 | 161 |
Statement of Additional Information – June 1, 2017 | 162 |
Statement of Additional Information – June 1, 2017 | 163 |
Fund | Issuer |
Value
of securities owned
at end of fiscal period |
Mortgage Opportunities Fund | Citigroup Mortgage Loan Trust, Inc. | $16,703,963 |
Credit Suisse Mortgage Capital Certificates | $13,905,263 | |
Credit Suisse Securities (USA) LLC | $5,128,650 | |
GS Mortgage Securities Trust | $1,905,217 | |
Jefferies Resecuritization Trust | $1,453,609 | |
JPMorgan Commercial Mortgage Securities Trust | $5,978,505 | |
Banc of America Merrill Lynch Re-Remic Trust | $5,663,430 | |
Morgan Stanley Re-Remic Trust | $7,382,757 | |
Select Large-Cap Value Fund | Citigroup, Inc. | $23,285,000 |
JPMorgan Chase & Co. | $21,539,100 | |
Morgan Stanley | $21,211,750 | |
Select Smaller-Cap Value Fund | None | N/A |
Seligman Communications and Information Fund | None | N/A |
Small/Mid Cap Value Fund | E*TRADE Financial Corp. | $9,761,500 |
U.S. Government Mortgage Fund | Citigroup Mortgage Loan Trust, Inc. | $19,013,731 |
Credit Suisse Mortgage Capital Certificates | $48,082,595 | |
Credit Suisse Securities (USA) LLC | $21,456,177 | |
GS Mortgage Securities Trust | $9,716,609 | |
Jefferies Resecuritization Trust | $2,977,897 | |
JPMorgan Chase Commercial Mortgage Securities Trust | $1,992,835 | |
Merrill Lynch Private Investment Public Equity | $2,397 | |
Banc of America Merrill Lynch Commercial Mortgage Securities Trust | $6,858,720 | |
Banc of America Merrill Lynch Re-Remic Trust | $11,897,178 | |
Morgan Stanley Re-Remic Trust | $4,549,919 | |
For Funds with fiscal period ending July 31, 2016 | ||
Disciplined Core Fund | Citigroup, Inc. | $84,246,630 |
JPMorgan Chase & Co. | $57,125,210 | |
Disciplined Growth Fund | None | N/A |
Disciplined Value Fund | Citigroup, Inc. | $25,528,087 |
JPMorgan Chase & Co. | $37,083,409 | |
Floating Rate Fund | Nuveen Floating Rate Income Fund | $380,090 |
Global Opportunities Fund | Citigroup, Inc. | $4,021,281 |
Citigroup Mortgage Loan Trust, Inc. | $309,293 | |
E*TRADE Financial Corp. | $377,160 | |
Arlington Asset Investment Corp. | $103,291 | |
The Goldman Sachs Group, Inc. | $1,544,517 | |
JPMorgan Chase & Co. | $3,630,681 | |
Morgan Stanley | $1,759,712 | |
Piper Jaffray Companies | $21,704 | |
Government Money Market Fund | None | N/A |
Income Opportunities Fund | E*TRADE Financial Corp. | $14,548,675 |
Inflation Protected Securities Fund | Citigroup, Inc. | $1,019,287 |
Limited Duration Credit Fund | The Goldman Sachs Group, Inc. | $4,459,909 |
Minnesota Tax-Exempt Fund | None | N/A |
Strategic Municipal Income Fund | None | N/A |
Statement of Additional Information – June 1, 2017 | 164 |
Statement of Additional Information – June 1, 2017 | 165 |
Statement of Additional Information – June 1, 2017 | 166 |
■ | For equity, alternative and flexible funds (other than the equity funds identified below) and funds-of-funds (equity and fixed income), a complete list of Fund portfolio holdings as of month-end is posted approximately, but no earlier than, 15 calendar days after such month-end. |
■ | For Columbia Small Cap Growth Fund I and Columbia Variable Portfolio – Small Company Growth Fund, a complete list of Fund portfolio holdings as of month-end is posted approximately, but no earlier than, 30 calendar days after such month-end. |
■ | For fixed-income Funds (other than money market funds), a complete list of Fund portfolio holdings as of calendar quarter-end is posted approximately, but no earlier than, 30 calendar days after such quarter-end. |
■ | For money market Funds, a complete list of Fund portfolio holdings as of month-end is posted no later than five business days after such month-end. Such month-end holdings are continuously available on the website for at least six months, together with a link to an SEC webpage where a user of the website may obtain access to the Fund’s most recent 12 months of publicly available filings on Form N-MFP. Money market Fund portfolio holdings information posted on the website, at minimum, includes with respect to each holding, the name of the issuer, the category of investment ( e.g. , Treasury debt, government agency debt, asset backed commercial paper, structured investment vehicle note), the CUSIP number (if any), the principal amount, the maturity date (as determined under Rule 2a-7 for purposes of calculating weighted average maturity), the final maturity date (if different from the maturity date previously described), coupon or yield and the value. The money market Funds will also disclose on the website its overall weighted average maturity, weighted average life maturity, percentage of daily liquid assets, percentage of weekly liquid assets and daily inflows and outflows. |
Statement of Additional Information – June 1, 2017 | 167 |
Statement of Additional Information – June 1, 2017 | 168 |
Statement of Additional Information – June 1, 2017 | 169 |
Identity of Recipient | Conditions/restrictions on use of information |
Frequency
of
Disclosure |
||
Harte-Hanks | Used for printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
Imagine Print Solutions | Used for commercial printing. | Daily, Monthly and Quarterly | ||
Institutional Shareholder Services Inc. (ISS) | Used for proxy voting administration and research on proxy matters. | Daily | ||
Intex Solutions Inc. | Used to provide mortgage analytics. | Periodic | ||
Investment Technology Group, Inc. | Used to evaluate and assess trading activity, execution and practices. | Quarterly | ||
Investor Tools | Used for municipal bond analytics, research and decision support. | As Needed | ||
JDP Marketing Services | Used to write or edit Columbia Fund shareholder reports, quarterly fund commentaries, and communications, including shareholder letters and management’s discussion of Columbia Fund performance. | Monthly, as needed | ||
John Roberts, Inc. | Used for commercial printing. | Daily, Monthly and Quarterly | ||
Kendall Press | Used for commercial printing. | As Needed | ||
Kynex | Used to provide portfolio attribution reports for the Columbia Convertible Securities Fund. Used also for portfolio analytics. | Daily | ||
Malaspina Communications | Used to facilitate writing management’s discussion of Columbia Fund performance for Columbia Fund shareholder reports and periodic marketing communications. | Monthly | ||
Markit | Used for an asset database for analytics and investor reporting. Used to reconcile client commission trades with broker-dealers. | As Needed and Monthly | ||
Merrill Corporation | Used to provide Edgar filing and typesetting services, as well as printing of prospectuses, factsheets, annual and semi-annual reports. | As Needed | ||
Morningstar | Used for independent research and ranking of funds. Used also for statistical analysis. | Monthly, Quarterly or As Needed | ||
MSCI Inc. | Used as a hosted portfolio management platform designed for research, reporting, strategy development, portfolio construction and performance and risk attribution, and used for risk analysis and reporting. | Daily | ||
Print Craft | Used to assemble kits and mailing that include the fact sheets. | As Needed | ||
RegEd, Inc. | Used to review external and certain internal communications prior to dissemination. | Daily | ||
SEI Investment Company | Used for trading wrap accounts and to reconcile wrap accounts. | Daily | ||
SS&C Technologies, Inc. | Used to translate account positions for reconciliations. | Daily | ||
SunGard Investment Systems LLC | Used as portfolio accounting system. | Daily |
Statement of Additional Information – June 1, 2017 | 170 |
Identity of Recipient | Conditions/restrictions on use of information |
Frequency
of
Disclosure |
||
Sustainalytics US Inc. | Used to support the investment process for Columbia U.S. Social Bond Fund. | At least Monthly | ||
S.W.I.F.T. Scrl. | Used to send trade messages via SWIFT, to custodians. | Daily | ||
Thomson Reuters | Used for statistical analysis. | Monthly | ||
Threadneedle Investments | Used by portfolio managers and research analysts in supporting certain management strategies, and by shared support partners (legal, operations, compliance, risk, etc.) to provide Fund maintenance and development. | As Needed | ||
Universal Wilde | Used to provide printing and mailing services for prospectuses, annual and semi-annual reports, and supplements. | As Needed | ||
Visions, Inc. | Used for commercial printing. | Daily, Monthly and Quarterly | ||
Wilshire Associates, Inc. | Used to provide daily performance attribution reporting based on daily holdings to the investment and investment analytics teams. | Daily | ||
Wolters Kluwer | Used to perform tax calculations specific to wash sales and used to analyze tax straddles (diminution of risk). | Monthly |
Statement of Additional Information – June 1, 2017 | 171 |
■ | ADP Broker-Dealer, Inc. |
■ | American Enterprise Investment Services Inc.* |
■ | American United Life Insurance Co. |
■ | Ameriprise Financial Services, Inc.* |
■ | Ascensus, Inc. |
■ | AXA Advisors |
■ | AXA Equitable Life Insurance |
■ | Bank of America, N.A. |
■ | Benefit Plan Administrators |
■ | Benefit Trust |
■ | BMO Harris Bank (f/k/a Marshall & Illsley Trust Company) |
■ | BNY Mellon, N.A. |
■ | Charles Schwab & Co., Inc. |
■ | Charles Schwab Trust Co. |
■ | Davenport & Company |
■ | Daily Access Concepts, Inc. |
■ | Digital Retirement Solutions |
■ | Edward D. Jones & Co., LP |
■ | ExpertPlan |
■ | Fidelity Brokerage Services, Inc. |
■ | Fidelity Investments Institutional Operations Co. |
■ | First Mercantile Trust Co. |
■ | Guardian Insurance and Annuity Company Inc. |
■ | Genworth Life and Annuity Insurance Company |
■ | Genworth Life Insurance Co. of New York |
■ | Goldman Sachs & Co. |
■ | GWFS Equities, Inc. |
■ | Hartford Life Insurance Company |
■ | HD Vest |
■ | Hewitt Associates LLC |
■ | ICMA Retirement Corporation |
■ | Janney Montgomery Scott, Inc. |
■ | JJB Hilliard Lyons |
■ | JP Morgan Chase Bank |
■ | John Hancock Life Insurance Company (USA) |
■ | John Hancock Life Insurance Company of New York |
■ | John Hancock Trust Company |
■ | Lincoln Life & Annuity Company of New York |
■ | Lincoln National Life Insurance Company |
■ | Lincoln Retirement Services |
■ | LPL Financial Corporation |
■ | Massachusetts Mutual Life Insurance Company |
■ | Mercer HR Services, LLC |
■ | Merrill Lynch, Pierce, Fenner & Smith Incorporated |
■ | Mid Atlantic Capital Corporation |
■ | Minnesota Life Insurance Co. |
■ | Morgan Stanley Smith Barney |
■ | MSCS Financial Services Division of Broadridge Business Process Outsourcing LLC |
■ | National Financial Services |
■ | Nationwide Investment Services |
■ | Newport Retirement Services, Inc. |
■ | New York State Deferred Compensation Plan |
■ | Oppenheimer & Co., Inc. |
■ | Plan Administrators, Inc. |
■ | PNC Bank |
■ | Principal Life Insurance Company of America |
■ | Prudential Insurance Company of America |
■ | Prudential Retirement Insurance & Annuity Company |
■ | Pershing LLC |
■ | Raymond James & Associates |
■ | RBC Capital Markets |
■ | Reliance Trust |
Statement of Additional Information – June 1, 2017 | 172 |
■ | Robert W. Baird & Co., Inc. |
■ | Sammons Retirement Solutions |
■ | SEI Private Trust Company |
■ | Standard Insurance Company |
■ | Stifel Nicolaus & Co. |
■ | TD Ameritrade Clearing, Inc. |
■ | TD Ameritrade Trust Company |
■ | The Retirement Plan Company |
■ | Teachers Insurance and Annuity Association of America |
■ | Transamerica Advisors Life Insurance Company |
■ | Transamerica Advisors Life Insurance Company of New York |
■ | Transamerica Financial Life Insurance Company |
■ | T. Rowe Price Group, Inc. |
■ | UBS Financial Services, Inc. |
■ | Unified Trust Company, N.A. |
■ | Upromise Investments, Inc. |
■ | US Bank NA |
■ | Vanguard Group, Inc. |
■ | VALIC Retirement Services Company |
■ | Voya Retirement Insurance and Annuity Company |
■ | Voya Institutional Plan Services, LLP |
■ | Voya Investments Distributors, LLC |
■ | Voya Financial Partners, LLC |
■ | Wells Fargo Clearing Services, LLC |
■ | Wells Fargo Advisors |
■ | Wells Fargo Bank, N.A. |
■ | Wilmington Trust Retirement & Institutional Services Company |
■ | Xerox HR Solutions |
* | Ameriprise Financial affiliate |
Statement of Additional Information – June 1, 2017 | 173 |
■ | AIG Advisor Group |
■ | Ameriprise Financial Services, Inc.* |
■ | AXA Advisors, LLC |
■ | Bank of America, N.A. |
■ | Cetera Financial Group, Inc. |
■ | Citigroup Global Markets Inc./Citibank |
■ | Commonwealth Financial Network |
■ | J.J.B. Hilliard, W.L. Lyons, Inc. |
■ | Lincoln Financial Advisors Corp. |
■ | LPL Financial Corporation |
■ | Merrill Lynch, Pierce, Fenner & Smith Incorporated |
■ | Morgan Stanley Smith Barney |
■ | Northwestern Mutual Investment Services, LLC |
■ | Oppenheimer & Co., Inc. |
■ | PNC Investments |
■ | Raymond James & Associates, Inc. |
■ | Raymond James Financial Services, Inc. |
■ | RBC Capital Markets |
■ | UBS Financial Services Inc. |
■ | Unified Trust Company, N.A. |
■ | US Bancorp Investments, Inc. |
■ | Vanguard Marketing Corp. |
■ | Voya Financial Advisors, LLC |
■ | Wells Fargo Advisors, |
■ | Wells Fargo Advisors Financial Network, LLC |
■ | Wells Fargo Clearing Services, LLC |
* | Ameriprise Financial affiliate |
Statement of Additional Information – June 1, 2017 | 174 |
Statement of Additional Information – June 1, 2017 | 175 |
Statement of Additional Information – June 1, 2017 | 176 |
Statement of Additional Information – June 1, 2017 | 177 |
Statement of Additional Information – June 1, 2017 | 178 |
Statement of Additional Information – June 1, 2017 | 179 |
Statement of Additional Information – June 1, 2017 | 180 |
Statement of Additional Information – June 1, 2017 | 181 |
Statement of Additional Information – June 1, 2017 | 182 |
Statement of Additional Information – June 1, 2017 | 183 |
Fund |
Total
Capital Loss Carryovers |
Amount Expiring in | Amount not Expiring | ||||
2017 | 2018 | 2019 | Short-term | Long-term | |||
For Funds with fiscal period ending May 31 | |||||||
Dividend Opportunity Fund | $71,653,262 | $0 | $0 | $0 | $71,653,262 | $0 | |
High Yield Bond Fund | $216,826,902 | $99,997,350 | $55,132,247 | $0 | $35,225,952 | $26,471,353 | |
Select Smaller-Cap Value Fund | $4,093,908 | $4,093,908 | $0 | $0 | $0 | $0 | |
For Funds with fiscal period ending July 31 | |||||||
Disciplined Core Fund | $220,453,838 | $4,464,312 | $197,409,986 | $18,579,540 | $0 | $0 | |
Disciplined Value Fund | $34,287,766 | $19,956,215 | $0 | $0 | $14,331,551 | $0 | |
Floating Rate Fund | $72,164,344 | $28,593,376 | $35,398,330 | $0 | $210,206 | $7,962,432 | |
Global Opportunities Fund | $148,828,928 | $0 | $127,620,906 | $21,208,022 | $0 | $0 | |
Income Opportunities Fund | $109,247,073 | $0 | $0 | $0 | $51,225,121 | $58,021,952 | |
Inflation Protected Securities Fund | $9,463,636 | $0 | $0 | $0 | $1,916,481 | $7,547,155 | |
Limited Duration Credit Fund | $36,494,916 | $0 | $0 | $0 | $12,882,695 | $23,612,221 | |
For Funds with fiscal period ending October 31 | |||||||
Asia Pacific ex-Japan Fund | $95,247,351 | $0 | $0 | $0 | $95,247,351 | $0 | |
Emerging Markets Bond Fund | $25,946,211 | $0 | $0 | $0 | $753,667 | $25,192,544 | |
European Equity Fund | $29,846,533 | $0 | $0 | $0 | $14,698,182 | $15,148,351 | |
Global Bond Fund | $2,273,847 | $0 | $0 | $0 | $68,487 | $2,205,360 | |
Select Global Equity Fund | $22,298,113 | $12,171,974 | $0 | $10,126,139 | $0 | $0 |
Statement of Additional Information – June 1, 2017 | 184 |
Statement of Additional Information – June 1, 2017 | 185 |
Statement of Additional Information – June 1, 2017 | 186 |
Statement of Additional Information – June 1, 2017 | 187 |
Statement of Additional Information – June 1, 2017 | 188 |
Statement of Additional Information – June 1, 2017 | 189 |
Statement of Additional Information – June 1, 2017 | 190 |
Statement of Additional Information – June 1, 2017 | 191 |
Statement of Additional Information – June 1, 2017 | 192 |
Statement of Additional Information – June 1, 2017 | 193 |
Statement of Additional Information – June 1, 2017 | 194 |
Statement of Additional Information – June 1, 2017 | 195 |
Statement of Additional Information – June 1, 2017 | 196 |
Statement of Additional Information – June 1, 2017 | 197 |
Fund |
Percent
of dividends
qualifying for corporate deduction |
Qualified
dividend
income for individuals |
For Funds with fiscal years ending January 31 – Information is for the period ending January 31, 2017 | ||
Capital Allocation Aggressive Portfolio | 61.79% | 84.89% |
Capital Allocation Conservative Portfolio | 12.18 | 19.70 |
Capital Allocation Moderate Aggressive Portfolio | 39.11 | 55.11 |
Capital Allocation Moderate Conservative Portfolio | 20.60 | 32.98 |
Capital Allocation Moderate Portfolio | 24.72 | 35.51 |
Global Strategic Equity Fund | 100.00 | 100.00 |
Income Builder Fund | 16.11 | 21.14 |
For Funds with fiscal years ending February 28/29 – Information is for the period ending February 29, 2016 | ||
Convertible Securities Fund | 16.18 | 22.68 |
Global Equity Value Fund | 100.00 | 100.00 |
Large Cap Enhanced Core Fund | 100.00 | 100.00 |
Statement of Additional Information – June 1, 2017 | 198 |
Statement of Additional Information – June 1, 2017 | 199 |
Fund |
Percent
of dividends
qualifying for corporate deduction |
Qualified
dividend
income for individuals |
Limited Duration Credit Fund | 0.00% | 0.00% |
MN Tax-Exempt Fund | 0.00 | 0.00 |
Strategic Municipal Income Fund | 0.00 | 0.00 |
For Funds with fiscal years ending October 31 – Information is for the period ending October 31, 2016 | ||
Absolute Return Currency and Income Fund | 0.00 | 0.00 |
Asia Pacific ex-Japan Fund | 0.00 | 100.00 |
Emerging Markets Bond Fund | 0.00 | 0.00 |
European Equity Fund | 0.00 | 100.00 |
Global Bond Fund | 0.00 | 0.00 |
Select Global Equity Fund | 0.00 | 0.00 |
Seligman Global Technology Fund | 31.45 | 38.87 |
Statement of Additional Information – June 1, 2017 | 200 |
Fund | Class |
Percentage
of Class
Beneficially Owned |
Commodity Strategy Fund | Class R5 | 23.67% |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Capital Allocation Aggressive Portfolio |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
79.56% | 76.03% |
Class B | 62.97% | |||
Class C | 61.03% | |||
Class Z | 59.69% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
8.27% | N/A | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class K
|
96.71% | N/A | |
Class R5 | 58.05% | |||
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R
|
13.23% | N/A | |
Class R5 | 8.40% | |||
MERRILL
LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class R
|
19.31% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
77.74% | N/A | |
Class R5 | 8.41% | |||
Class Y | 42.52% | |||
PAI
TRUST COMPANY INC
1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R
|
34.67% | N/A |
Statement of Additional Information – June 1, 2017 | 201 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R5
|
15.42% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
6.17% | N/A | |
Class Z | 17.78% | |||
SEI
PRIVATE TRUST COMPANY
ATTN: MUTUAL FUND ADMIN. 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Y
|
56.27% | N/A | |
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R4
|
20.63% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
8.81% | N/A | |
TD
AMERITRADE TRUST COMPANY
PO BOX 17748 DENVER CO 80217-0748 |
Class R
|
21.12% | N/A | |
Capital Allocation Conservative Portfolio |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
78.54% | 75.91% |
Class B | 72.68% | |||
Class C | 75.48% | |||
Class Z | 52.15% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
12.95% | N/A | |
DEBORAH
ALEYNE LAPEYRE BARBARA
TOMMIE USDIN FBO MULBERRY TECHNOLOGIES INC 401 K 17 W JEFFERSON ST STE 207 ROCKVILLE MD 20850-4227 |
Class K
|
94.65% | N/A | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5
|
95.78% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R4
|
22.15% | N/A | |
Class Z | 10.76% | |||
MERRILL
LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A
|
5.14% | N/A | |
Class R | 16.52% | |||
Class R4 | 38.72% | |||
Class Z | 5.32% | |||
MID
ATLANTIC TRUST COMPANY FBO
401(K) PROFIT 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
44.36% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
33.96% | N/A | |
SEI
PRIVATE TRUST COMPANY
ATTN: MUTUAL FUND ADMIN. 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Y
|
97.98% | N/A |
Statement of Additional Information – June 1, 2017 | 202 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Z
|
5.09% | N/A | |
TD
AMERITRADE TRUST COMPANY
PO BOX 17748 DENVER CO 80217-0748 |
Class R
|
25.04% | N/A | |
Capital Allocation Moderate Aggressive Portfolio |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
56.10% | 49.79% |
Class B | 62.51% | |||
Class C | 50.29% | |||
Class Z | 7.78% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class Y
|
6.69% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
7.36% | N/A | |
CHARLES
SCHWAB BANK CUST
WOODRIDGE CLINIC SC PS & 401K PLAN 2423 E LINCOLN DR PHOENIX AZ 85016-1215 |
Class R
|
16.10% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K
|
100.00% | N/A (a) | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5
|
56.95% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R
|
54.44% | N/A | |
Class R4 | 22.25% | |||
Class R5 | 8.25% | |||
MERRILL
LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A
|
13.07% | N/A | |
Class C | 12.21% | |||
Class R | 11.69% | |||
Class R4 | 38.00% | |||
Class V | 17.85% | |||
Class Z | 32.28% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
31.44% | N/A | |
Class Y | 49.93% | |||
SEI
PRIVATE TRUST COMPANY
ATTN: MUTUAL FUND ADMIN. 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class R5
|
18.66% | N/A | |
Class Y | 41.70% | |||
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R4
|
7.91% | N/A | |
Capital Allocation Moderate Conservative Portfolio |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
78.08% | 73.76% |
Class B | 69.09% | |||
Class C | 72.06% | |||
Class Z | 26.76% |
Statement of Additional Information – June 1, 2017 | 203 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
11.32% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
43.49% | N/A | |
DEBORAH
ALEYNE LAPEYRE BARBARA
TOMMIE USDIN FBO MULBERRY TECHNOLOGIES INC 401 K 17 W JEFFERSON ST STE 207 ROCKVILLE MD 20850-4227 |
Class K
|
95.86% | N/A | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5
|
39.68% | N/A | |
JOHN
HANCOCK TRUST COMPANY LLC
690 CANTON ST STE 100 WESTWOOD MA 02090-2324 |
Class R4
|
21.94% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class B
|
6.29% | N/A | |
Class Z | 7.01% | |||
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R
|
27.54% | N/A | |
Class Y | 92.81% | |||
MERRILL
LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A
|
7.90% | N/A | |
Class C | 6.50% | |||
Class R | 13.17% | |||
Class Z | 44.17% | |||
MID
ATLANTIC TRUST COMPANY FBO
401(K) PROFIT 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
19.93% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
23.49% | N/A | |
PAI
TRUST COMPANY INC
1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R
|
8.71% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
53.59% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class R
|
11.65% | N/A | |
SEI
PRIVATE TRUST COMPANY
ATTN: MUTUAL FUND ADMIN. 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class R5
|
11.08% | N/A | |
Class Y | 6.63% | |||
Capital Allocation Moderate Portfolio |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
85.44% | 83.54% |
Class B | 68.68% | |||
Class C | 77.24% | |||
Class Z | 77.97% |
Statement of Additional Information – June 1, 2017 | 204 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
8.99% | N/A | |
DEBORAH
ALEYNE LAPEYRE BARBARA
TOMMIE USDIN FBO MULBERRY TECHNOLOGIES INC 401 K 17 W JEFFERSON ST STE 207 ROCKVILLE MD 20850-4227 |
Class K
|
94.03% | N/A | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5
|
92.40% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z
|
5.16% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R
|
42.53% | N/A | |
MERRILL
LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class R
|
24.51% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
57.81% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
15.98% | N/A | |
SEI
PRIVATE TRUST COMPANY
ATTN: MUTUAL FUND ADMIN. 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class Y
|
98.63% | N/A | |
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R4
|
25.30% | N/A | |
TD
AMERITRADE TRUST COMPANY
PO BOX 17748 DENVER CO 80217-0748 |
Class R
|
22.52% | N/A | |
Global Strategic Equity Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
56.09% | 49.85% |
Class B | 60.14% | |||
Class C | 25.20% | |||
Class Z | 10.92% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K
|
97.83% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class Y
|
100.00% | N/A (a) | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C
|
5.47% | N/A |
Statement of Additional Information – June 1, 2017 | 205 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R
|
48.73% | N/A | |
Class R4 | 46.40% | |||
MERRILL
LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A
|
18.95% | N/A | |
Class C | 22.27% | |||
Class R | 40.91% | |||
Class R4 | 45.98% | |||
Class Z | 54.30% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C
|
5.53% | N/A | |
Class R5 | 13.19% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R5
|
33.42% | N/A | |
SEI
PRIVATE TRUST COMPANY
ATTN: MUTUAL FUND ADMIN. 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class R5
|
46.10% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
5.54% | N/A | |
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
5.98% | N/A | |
Class Z | 10.64% | |||
Income Builder Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
82.46% | 78.62% |
Class B | 76.89% | |||
Class C | 70.15% | |||
Class Z | 78.36% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
48.94% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K
|
100.00% | N/A (a) | |
Class T | 100.00% | |||
Class Y | 100.00% | |||
FIIOC
FBO
401K PLAN 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R
|
7.92% | N/A | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5
|
10.74% | N/A | |
MATRIX
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R
|
7.04% | N/A | |
Class R5 | 16.31% | |||
MERRILL
LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class R
|
18.49% | N/A |
Statement of Additional Information – June 1, 2017 | 206 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Convertible Securities Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
32.88% | N/A |
Class B | 60.73% | |||
Class C | 16.94% | |||
Class W | 97.18% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
7.98% | N/A | |
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class B
|
5.51% | N/A | |
Class R4 | 12.55% | |||
Class R5 | 11.70% | |||
DARRELL
DAUGHERTY DAN HURST
STRATA G PROFIT SHARING PLAN C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Y
|
80.66% | N/A | |
FIIOC
FBO
100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R
|
6.26% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
10.88% | N/A | |
Class Z | 8.91% | |||
GREAT-WEST
TRUST COMPANY LLC TTEE
EMPLOYEE BENEFITS CLIENTS 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Y
|
7.92% | N/A | |
JPMCB
NA CUST FOR SC529 PLAN
COLUMBIA AGGRESSIVE GROWTH 529 PORTFOLIO 14201N DALLAS PKWY FL 13 DALLAS TX 75254 |
Class Z
|
8.64% | N/A |
Statement of Additional Information – June 1, 2017 | 207 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
27.35% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
72.65% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z
|
6.30% | N/A | |
MATRIX
TRUST COMPANY CUST
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class Y
|
8.01% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
FBO THOMAS YOUNG 2029 CENTURY PARK E STE 2800 CENTURY CITY CA 90067-3014 |
Class A
|
29.19% | 27.82% | |
Class B | 18.70% | |||
Class C | 24.75% | |||
Class R | 75.83% | |||
Class Z | 46.28% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
9.41% | N/A | |
Class Z | 7.74% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
8.53% | N/A | |
Class R4 | 58.81% | |||
Class R5 | 26.16% | |||
NATIONWIDE
TRUST COMPANY/FSB
C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class R5
|
10.53% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C
|
9.35% | N/A | |
Class R4 | 23.96% | |||
Class R5 | 24.66% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
9.37% | N/A | |
TD
AMERITRADE TRUST COMPANY
ATTN HOUSE PO BOX 17748 DENVER CO 80217-0748 |
Class R5
|
20.46% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
6.39% | N/A | |
Class Z | 8.51% | |||
Global Equity Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
20.41% | N/A |
Class B | 13.88% | |||
Class C | 9.03% | |||
Class W | 68.15% | |||
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUND 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
55.71% | N/A | |
Class Z | 15.90% |
Statement of Additional Information – June 1, 2017 | 208 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
Class W | 31.85% | |||
Class Y | 100.00% | |||
COMMUNITY
BANK NA AS CUST
FBO SIMED 1165(E) RETIREMENT PLAN 6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class R
|
39.52% | N/A | |
DCGT
AS TTEE AND/OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R
|
15.91% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
5.51% | N/A | |
Class Z | 5.34% | |||
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class A
|
7.17% | N/A | |
Class C | 13.17% | |||
Class R | 10.94% | |||
Class Z | 17.65% | |||
MG
TRUST COMPANY CUST.
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class K
|
6.39% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
14.20% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
5.42% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C
|
6.54% | N/A | |
Class R4 | 38.34% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class R
|
7.80% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
43.33% | N/A | |
WELLS
FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class K
|
93.56% | N/A | |
Class R4 | 57.29% | |||
Large Cap Enhanced Core Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
28.65% | N/A |
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class Y
|
8.40% | N/A | |
COLUMBIA
THERMOSTAT FUND
227 W MONROE ST STE 3000 CHICAGO IL 60606-5018 |
Class I
|
99.99% | N/A |
Statement of Additional Information – June 1, 2017 | 209 |
Statement of Additional Information – June 1, 2017 | 210 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MID
ATLANTIC TRUST COMPANY FBO
401 K PROFIT SHARING PLAN & TRUST 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R4
|
5.98% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
13.10% | N/A | |
Class Z | 10.71% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS ATTN MUTUAL FUNDS DEPT 5TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-2010 |
Class A
|
8.07% | N/A | |
Class R4 | 35.25% | |||
Class R5 | 93.14% | |||
Class Z | 5.73% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
11.19% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A
|
8.59% | N/A | |
Class C | 12.69% | |||
Class Z | 8.64% | |||
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R4
|
13.33% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
5.41% | N/A | |
Large Cap Index Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
6.22% | N/A |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class B
|
59.60% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class B
|
14.04% | N/A | |
FIIOC
FBO
100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class A
|
5.39% | N/A | |
GREAT
WEST TRUST CO
FBO EMPLOYEE BENEFITS CLIENTS 401(K) PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class A
|
8.72% | N/A | |
Class R5 | 12.56% | |||
JOHN
HANCOCK TRUST COMPANY LLC
690 CANTON ST STE 100 WESTWOOD MA 02090-2344 |
Class A
|
10.51% | N/A | |
Class R5 | 9.60% | |||
Class Z | 6.37% |
Statement of Additional Information – June 1, 2017 | 211 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
JPMCB
NA CUST FOR SC529 PLAN
COLUMBIA AGGRESSIVE GROWTH 529 PORTFOLIO 14201N DALLAS PKWY FL 13 DALLAS TX 75254 |
Class Z
|
18.31% | N/A | |
LINCOLN
RETIREMENT SERVICES COMPANY
PO BOX 7876 FORT WAYNE IN 46801-7876 |
Class A
|
8.27% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class A
|
6.31% | N/A | |
Class Z | 19.87% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
14.04% | N/A | |
Class R5 | 5.64% | |||
RELIANCE
TRUST CO CUST
1100 ABERNATHY RD ATLANTA GA 30328-5620 |
Class A
|
6.47% | N/A | |
STATE
STREET BANK & TRUST CO
ESTHER T KREMER SEP IRA 1148 5TH AVENUE APT 5B NEW YORK NY 10128-0807 |
Class B
|
9.72% | N/A | |
SUNTRUST
BANK FBO
VARIOUS SUNTRUST OMNIBUS ACCOUNTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5
|
8.07% | N/A | |
TAYNIK
& CO
C/O INVESTORS BANK & TRUST CO 1200 CROWN COLONY DR CC10313 QUINCY MA 02169-0938 |
Class R5
|
5.58% | N/A | |
UNIFIED
TRUST COMPANY NA
OMNIBUS TRUST FBO EMPLOYEE BENEFIT OMNIBUS 2353 ALEXANDRIA DR STE 100 LEXINGTON KY 40504-3208 |
Class Z
|
11.05% | N/A | |
VRSCO
2727A ALLEN PKWY # 4-D1 HOUSTON TX 77019-2107 |
Class R5
|
35.55% | N/A | |
Mid Cap Index Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
6.09% | N/A |
AUL
AMERICAN UNIT INVESTMENT TRUST
ATTN SEPARATE ACCOUNTS PO BOX 368 INDIANAPOLIS IN 46206-0368 |
Class A
|
6.55% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
7.22% | N/A | |
Class Z | 12.49% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
FIIOC
FBO
100 MAGELLAN WAY #KW1C COVINGTON KY 41015-1987 |
Class A
|
6.08% | N/A |
Statement of Additional Information – June 1, 2017 | 212 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
GREAT
WEST TRUST CO
FBO EMPLOYEE BENEFITS CLIENTS 401(K) PLAN 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class A
|
5.66% | N/A | |
Class R5 | 6.74% | |||
JPMCB
NA CUST FOR SC529 PLAN
COLUMBIA AGGRESSIVE GROWTH 529 PORTFOLIO 14201N DALLAS PKWY FL 13 DALLAS TX 75254 |
Class Z
|
11.57% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class A
|
13.57% | N/A | |
Class R5 | 6.07% | |||
Class Z | 31.53% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
5.80% | N/A | |
Class R5 | 8.71% | |||
Class Z | 7.60% | |||
STANDARD
INSURANCE COMPANY
1100 SW 6TH AVE ATTN: SEP ACCT P11D PORTLAND OR 97204-1093 |
Class R5
|
40.54% | N/A | |
TAYNIK
& CO
C/O INVESTORS BANK & TRUST CO 1200 CROWN COLONY DR # CC10313 QUINCY MA 02169-0938 |
Class A
|
8.35% | N/A | |
UNIFIED
TRUST COMPANY NA TTEE
FBO EMPLOYEE BENEFIT OMNIBUS 2353 ALEXANDRIA DR STE 100 LEXINGTON KY 40504-3208 |
Class Z
|
6.38% | N/A | |
Mid Cap Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
8.57% | N/A |
Class B | 17.84% | |||
Class C | 5.61% | |||
Class W | 99.19% | |||
ASCENSUS
TRUST COMPANY
PO BOX 10758 FARGO ND 58106-0758 |
Class R5
|
22.19% | N/A | |
CAPITAL
BANK & TRUST COMPANY TTEE F
SMITHGROUP RA 401K 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5
|
6.60% | N/A | |
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K
|
55.43% | N/A | |
Class R5 | 38.20% | |||
Class Z | 8.75% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
Class K | 44.57% | |||
DCGT
AS TTEE AND /OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R
|
7.68% | N/A |
Statement of Additional Information – June 1, 2017 | 213 |
Statement of Additional Information – June 1, 2017 | 214 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
6.73% | N/A | |
RBC
CAPITAL MARKETS, LLC
MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 510 MARQUETTE AVE S MINNEAPOLIS MN 55402-1110 |
Class C
|
5.80% | N/A | |
RELIANCE
TRUST CO CUST
PO BOX 48529 ATLANTA GA 30362-1529 |
Class R
|
11.17% | N/A | |
STANDARD
INSURANCE COMPANY
1100 SW 6TH AVE ATTN: SEP ACCT P11D PORTLAND OR 97204-1093 |
Class R4
|
49.80% | N/A | |
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class Y
|
8.51% | N/A | |
VANGUARD
FIDUCIARY TRUST CO
PO BOX 2600 VM 613 ATTN: OUTSIDE FUNDS VALLEY FORGE PA 19482-2600 |
Class Y
|
12.30% | N/A | |
Overseas Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
44.87% | 33.09% |
Class B | 24.96% | |||
Class C | 42.80% | |||
Class W | 100.00% | |||
BANK
OF AMERICA CUSTODIAN
PO BOX 843869 DALLAS TX 75284-3869 |
Class Z
|
27.00% | N/A | |
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K
|
68.88% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R
|
100.00% | 47.01% (a) | |
Class Y | 100.00% | |||
FIIOC
FBO
TEAM INC SALARY DEFERRAL PLAN AND TRUST 100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R5
|
20.29% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class K
|
29.33% | N/A | |
Class Z | 5.64% | |||
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
12.11% | N/A |
Statement of Additional Information – June 1, 2017 | 215 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
35.25% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
8.41% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
21.50% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
20.74% | N/A | |
LPL
FINANCIAL
FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z
|
7.69% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class Z
|
7.95% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
36.45% | N/A | |
Class R5 | 14.62% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
58.30% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
65.05% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Z
|
43.62% | N/A | |
Select International Equity Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
23.60% | 40.56% |
Class B | 28.30% | |||
Class C | 9.05% | |||
Class W | 100.00% | |||
ASCENSUS
TRUST COMPANY
PO BOX 10758 FARGO ND 58106-0758 |
Class C
|
9.52% | N/A | |
Class R | 36.40% | |||
CAPITAL
BANK & TRUST COMPANY
TTEE ANDRE PROST INC 401K PSP & TRUST 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R
|
12.44% | N/A |
Statement of Additional Information – June 1, 2017 | 216 |
Statement of Additional Information – June 1, 2017 | 217 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
ASCENSUS
TRUST COMPANY FBO
BAY STATE MEDICAL 401(K) PLAN PO BOX 10758 FARGO ND 58106-0758 |
Class R5
|
7.06% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCOUNT FOR BENEFIT OF CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY STREET SAN FRANCISCO CA 94104-4151 |
Class A
|
5.16% | N/A | |
Class Z | 16.25% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class W
|
100.00% | 45.76% (a) | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B
|
8.10% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
18.45% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
38.94% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
5.56% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
25.49% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
10.28% | N/A | |
LPL
FINANCIAL
FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class B
|
6.52% | N/A | |
MATRIX
TRUST COMPANY TRUSTEE
R TORRE & COMPANY EMPLOYEE 401(K) 717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R5
|
18.96% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A
|
72.75% | 30.49% | |
Class B | 49.95% | |||
Class C | 22.33% | |||
Class Z | 45.56% | |||
MORGAN
STANLEY & CO
HARBORSIDE FINANCIAL CENTER PLAZA II, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
18.60% | N/A |
Statement of Additional Information – June 1, 2017 | 218 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class Z
|
6.36% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R5
|
71.07% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
8.10% | N/A | |
Small Cap Index Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
15.24% | N/A |
Class B | 23.37% | |||
Class W | 100.00% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
8.26% | N/A | |
Class Z | 7.65% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
COUNSEL
TRUST DBA MATC FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R5
|
8.26% | N/A | |
FIIOC
FBO
100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class A
|
5.44% | N/A | |
Class R5 | 9.40% | |||
GREAT-WEST
TRUST CO LLC
FBO RECORDKEEPING FOR VARIOUS BENEF 8525 E ORCHARD RD C/O MUTUAL FUND TRADING GREENWOOD VILLAGE CO 80111-5002 |
Class R5
|
12.24% | N/A | |
JOHN
HANCOCK TRUST COMPANY LLC
690 CANTON ST STE 100 WESTWOOD MA 02090-2344 |
Class R5
|
10.41% | N/A | |
JPMCB
NA CUST FOR SC529 PLAN
COLUMBIA AGGRESSIVE GROWTH 529 PORTFOLIO 14201N DALLAS PKWY FL 13 DALLAS TX 75254 |
Class Z
|
7.24% | N/A | |
MERRILL
LYNCH PIERCE FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A
|
10.81% | N/A | |
Class R5 | 5.44% | |||
Class Z | 30.46% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
5.72% | N/A | |
Class R5 | 14.43% | |||
Class Z | 9.67% | |||
TAYNIK
& CO
C/O STATE STREET BANK & TRUST 1200 CROWN COLONY DR # CC10313 QUINCY MA 02169-0938 |
Class K
|
9.05% | N/A | |
WELLS
FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class K
|
81.55% | N/A |
Statement of Additional Information – June 1, 2017 | 219 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Small Cap Value Fund II |
ASCENSUS
TRUST CO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
7.64% | N/A |
CAPTITAL
BANK & TRUST COPMANY
8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R
|
8.84% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
35.46% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
DCGT
AS TTEE AND /OR CUST
FBO PLIC VARIOUS RETIREMENT PLANS OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R
|
19.44% | N/A | |
Class R4 | 12.22% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class Z
|
14.45% | N/A | |
FIFTH
THIRD BANK TRUSTEE FBO
VARIOUS FASCORP RECORDKEPT PLANS C/O FASCORP 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R
|
8.74% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B
|
8.70% | N/A | |
Class C | 13.20% | |||
GREAT-WEST
TRUST CO LLC
FBO RECORDKEEPING FOR VARIOUS BENEF 8525 E ORCHARD RD C/O MUTUAL FUND TRADING GREENWOOD VILLAGE CO 80111-5002 |
Class R4
|
32.08% | N/A | |
Class Y | 31.30% | |||
HARTFORD
LIFE INS. CO.
SEPARATE ACCOUNT ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R
|
23.62% | N/A | |
JOHN
HANCOCK TRUST COMPANY LLC
690 CANTON ST STE 100 WESTWOOD MA 02090-2344 |
Class R5
|
7.79% | N/A | |
LPL
FINANCIAL
FBO CUSTOMER ACCOUNTS 9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C
|
5.96% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C
|
17.39% | N/A | |
Class R4 | 12.31% | |||
Class Z | 16.53% | |||
MG
TRUST CO CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R
|
10.25% | N/A |
Statement of Additional Information – June 1, 2017 | 220 |
Statement of Additional Information – June 1, 2017 | 221 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
WILMINGTON
TRUST RISC TTEE FBO
AMERICAN MARITIME OFFICERS 401(K) PLAN PO BOX 52129 PHOENIX AZ 85072-2129 |
Class A
|
5.12% | N/A |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Short Term Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
36.83% | N/A |
Class B | 9.99% | |||
Class C | 11.62% | |||
Class W | 99.86% | |||
ASCENSUS
TRUST COMPANY
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
27.31% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class B
|
5.89% | N/A | |
Class R5 | 7.82% | |||
CLISE
PROPERTIES INC
1700 7TH AVE STE 1800 SEATTLE WA 98101-1312 |
Class Y
|
11.16% | N/A | |
COLUMBIA
THERMOSTAT FUND
C/O PAULA RYAN 227 W MONROE ST STE 3000 CHICAGO IL 60606-5018 |
Class I
|
100.00% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B
|
7.16% | N/A | |
Class C | 9.29% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A
|
11.13% | 48.82% | |
Class B | 59.54% | |||
Class C | 24.89% | |||
Class R | 48.74% | |||
Class Y | 20.07% | |||
Class Z | 82.14% | |||
MID
ATLANTIC TRUST COMPANY
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
6.84% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
86.21% | N/A | |
Class R5 | 87.48% | |||
Class Y | 68.72% | |||
PAI
TRUST COMPANY INC
1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R
|
10.50% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
10.08% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
17.76% | N/A |
Statement of Additional Information – June 1, 2017 | 222 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
WELLS
FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class K
|
99.64% | N/A |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
AMT-Free CA Intermediate Muni Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
43.13% | N/A |
Class C | 15.35% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
74.92% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B
|
100.00% | N/A (a) | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A
|
10.77% | N/A | |
Class C | 23.99% | |||
Class Z | 6.78% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A
|
8.66% | 68.91% | |
Class C | 33.14% | |||
Class Z | 78.54% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
10.62% | N/A | |
Class R4 | 43.08% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A
|
7.31% | N/A | |
Class R4 | 51.54% | |||
Class R5 | 23.11% | |||
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A
|
5.99% | N/A | |
Class C | 15.43% | |||
AMT-Free GA Intermediate Muni Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
6.36% | N/A |
Class C | 8.89% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B
|
10.68% | N/A (a) | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class B
|
35.29% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A
|
6.01% | N/A | |
Class B | 53.89% | |||
Class C | 39.39% | |||
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A
|
28.65% | N/A |
Statement of Additional Information – June 1, 2017 | 223 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A
|
40.22% | 69.04% | |
Class C | 21.80% | |||
Class Z | 86.43% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class A
|
5.99% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C
|
7.02% | N/A | |
Class R4 | 44.72% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
36.53% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R4
|
14.68% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
6.89% | N/A | |
AMT-Free MD Intermediate Muni Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
11.53% | N/A |
Class B | 53.31% | |||
Class C | 7.20% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B
|
23.55% | N/A (a) | |
Class R4 | 100.00% | |||
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A
|
11.59% | N/A | |
Class C | 20.99% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A
|
55.99% | 81.88% | |
Class B | 23.06% | |||
Class C | 13.79% | |||
Class Z | 90.18% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
21.63% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A
|
5.52% | N/A | |
RBC
CAPITAL MARKETS, LLC
MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 510 MARQUETTE AVE S MINNEAPOLIS MN 55402-1110 |
Class C
|
7.48% | N/A | |
THOMAS
MULE &
BRENDA D MULE JT WROS 232 WATERFALL CIR LITTLE RIVER SC 29566-7465 |
Class C
|
7.53% | N/A | |
AMT-Free NC Intermediate Muni Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
12.25% | N/A |
Class C | 5.29% |
Statement of Additional Information – June 1, 2017 | 224 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class C
|
5.02% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B
|
11.72% | N/A (a) | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A
|
7.68% | N/A | |
Class C | 10.32% | |||
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A
|
20.93% | N/A | |
Class B | 88.17% | |||
Class C | 28.64% | |||
Class Z | 6.58% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A
|
18.05% | 75.07% | |
Class C | 16.47% | |||
Class Z | 86.67% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
18.85% | N/A | |
Class C | 14.15% | |||
Class R4 | 67.90% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A
|
6.06% | N/A | |
Class R4 | 26.40% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A
|
5.01% | N/A | |
SEI
PRIVATE TRUST COMPANY
1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class R4
|
5.19% | N/A | |
STIFEL
NICOLAUS & CO INC
EXCLUSIVE BENEFIT OF CUSTOMERS 501 N BROADWAY SAINT LOUIS MO 63102-2188 |
Class C
|
6.29% | N/A | |
AMT-Free SC Intermediate Muni Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
19.43% | N/A |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A
|
7.10% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B
|
98.07% | N/A (a) | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class A
|
12.71% | N/A | |
Class C | 6.55% | |||
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A
|
5.75% | N/A | |
Class C | 16.79% | |||
Class Z | 5.96% |
Statement of Additional Information – June 1, 2017 | 225 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A
|
7.54% | N/A | |
MARIL
& CO FBO
C/O M&I TRUST CO, NA 11270 W. PARK PLACE – SUITE 400 MILWAUKEE WI 53224-3638 |
Class Z
|
7.07% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A
|
16.27% | 61.19% | |
Class C | 25.08% | |||
Class Z | 76.80% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
19.87% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
52.27% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A
|
5.71% | N/A | |
Class R4 | 46.52% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class A
|
8.90% | N/A | |
Class C | 17.15% | |||
AMT-Free VA Intermediate Muni Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
31.83% | N/A |
Class C | 16.95% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B
|
93.92% | N/A (a) | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A
|
6.06% | N/A | |
Class C | 19.82% | |||
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A
|
35.27% | 77.77% | |
Class B | 6.07% | |||
Class C | 21.70% | |||
Class Z | 89.96% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
15.43% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
97.21% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C
|
6.83% | N/A | |
RBC
CAPITAL MARKETS, LLC
MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 510 MARQUETTE AVE S MINNEAPOLIS MN 55402-1110 |
Class C
|
5.73% | N/A |
Statement of Additional Information – June 1, 2017 | 226 |
Statement of Additional Information – June 1, 2017 | 227 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
39.00% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B
|
8.28% | N/A (a) | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A
|
10.51% | N/A | |
Class C | 15.39% | |||
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class R4
|
8.31% | N/A | |
MERRILL
LYNCH PIERCE FENNER & SMITH
FOR THE SOLE BENEFIT OF IT CUSTOMER 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A
|
15.10% | 84.84% | |
Class B | 86.21% | |||
Class C | 45.46% | |||
Class Z | 91.43% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
5.41% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
11.97% | N/A | |
Class R4 | 26.15% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
61.82% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
58.78% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class A
|
16.76% | N/A | |
Class C | 6.94% |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Commodity Strategy Fund |
ADVANCED
SERIES TRUST AST COLUMBIA
ADAPATIVE RISK ALLOCATION PDMQ 707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class Z
|
88.39% | N/A |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
61.74% | N/A | |
Class C | 26.08% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
80.43% | N/A |
Statement of Additional Information – June 1, 2017 | 228 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
99.68% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class W
|
100.00% | 84.21% (a) | |
Class Y | 100.00% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class C
|
5.02% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA ADAPTIVE RISK ALLOCATION 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
53.64% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
5.70% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
16.22% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
10.12% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL OPPORTUNITIES FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
5.72% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C
|
7.99% | N/A | |
PAI
TRUST COMPANY, INC
STUDIOPOLIS, INC. 401(K) P/S PLAN 1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R
|
16.20% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A
|
23.25% | N/A | |
Class C | 27.49% | |||
Class R4 | 98.76% | |||
STATE
STREET BANK & TRUST CUST
FBO HELEN KIM SIMPLE IRA 1183 PINES LAKE DR W WAYNE NJ 07470-6152 |
Class C
|
5.97% | N/A | |
STATE
STREET BANK & TRUST CUST
FBO JAMES CHOE MD SIMPLE IRA 1183 PINES LAKE DR W WAYNE NJ 07470-6152 |
Class C
|
8.74% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class C
|
15.10% | N/A |
Statement of Additional Information – June 1, 2017 | 229 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Diversified Equity Income Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
39.67% | 38.06% |
Class B | 29.06% | |||
Class C | 41.11% | |||
Class Z | 21.52% | |||
AMERIPRISE
TRUST COMPANY AS TR
OF THE VENTUREDYNE LTD SAL DEF INVEST PL 990 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0009 |
Class R5
|
22.97% | N/A | |
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
5.47% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
Class W | 100.00% | |||
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class Z
|
9.47% | N/A | |
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class K
|
8.75% | N/A | |
Class R4 | 28.31% | |||
Class R5 | 10.62% | |||
Class Y | 66.86% | |||
GREAT-WEST
LIFE & ANN INS CO
8515 E ORCHARD RD 2T2 GREENWOOD VLG CO 80111-5002 |
Class R4
|
6.76% | N/A | |
HARTFORD
LIFE INSURANCE COMPANY
ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class K
|
10.46% | N/A | |
Class R | 39.81% | |||
Class R4 | 15.22% | |||
ING
LIFE INSURANCE & ANNUITY CO
ING FUND OPERATIONS 1 ORANGE WAY WINDSOR CT 06095-4773 |
Class K
|
62.41% | N/A | |
Class R | 27.73% | |||
Class R4 | 17.98% | |||
Class Y | 26.88% | |||
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class Z
|
5.16% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Z
|
15.99% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class Z
|
9.34% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
5.97% | N/A | |
Class Y | 5.72% | |||
RELIANCE
TRUST CO CUST
PO BOX 48529 ATLANTA GA 30362-1529 |
Class R
|
14.90% | N/A |
Statement of Additional Information – June 1, 2017 | 230 |
Statement of Additional Information – June 1, 2017 | 231 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Y
|
47.27% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
6.20% | N/A | |
Class Z | 7.00% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
12.13% | N/A | |
Class C | 5.56% | |||
Class R4 | 20.66% | |||
Class R5 | 18.90% | |||
Class Y | 17.21% | |||
Class Z | 11.29% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
28.74% | N/A | |
Class R5 | 7.40% | |||
PIMS/PRUDENTIAL
RETIREMENT
AS NOMINEE FOR THE TTEE 9601 WILSHIRE BLVD BEVERLY HILLS CA 90210-5213 |
Class R5
|
14.81% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
19.98% | N/A | |
Class Z | 11.91% | |||
SAMMONS
FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R
|
50.43% | N/A | |
SEI
PRIVATE TRUST CO
C/O JOHNSON BANK ATTN MUTUAL FUND ADMINISTRATOR 1 FREEDOM VALLEY DR OAKS PA 19456-9989 |
Class R4
|
17.14% | N/A | |
Class R5 | 6.49% | |||
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Z
|
8.74% | N/A | |
VRSCO
FBO
ATTN CHRIS BAUMAN 2727-A ALLEN PARKWAY, 4-D1 HOUSTON TX 77019-2107 |
Class K
|
90.57% | N/A | |
Flexible Capital Income Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
81.53% | 53.82% |
Class C | 39.12% | |||
Class W | 60.40% | |||
Class Z | 8.15% | |||
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
25.73% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
Class W | 39.60% | |||
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
8.53% | N/A | |
Class Z | 17.38% |
Statement of Additional Information – June 1, 2017 | 232 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C
|
5.19% | N/A | |
Class R | 7.27% | |||
Class Z | 10.60% | |||
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C
|
8.66% | N/A | |
Class Z | 14.34% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
8.40% | N/A | |
Class Z | 26.36% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C
|
5.72% | N/A | |
Class R | 30.41% | |||
Class R4 | 12.39% | |||
Class R5 | 5.72% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C
|
5.83% | N/A | |
Class R | 11.81% | |||
Class R4 | 51.20% | |||
Class R5 | 61.91% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
12.34% | N/A | |
Class R | 49.70% | |||
Class Z | 6.65% | |||
SAXON
& CO
P O BOX 7780-1888 PHILADELPHIA PA 19182-0001 |
Class R4
|
33.61% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
6.59% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Z
|
6.72% | N/A | |
High Yield Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
38.53% | N/A |
Class B | 49.85% | |||
Class C | 34.26% | |||
Class W | 97.19% | |||
Class Z | 7.74% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
5.87% | N/A | |
CAPINCO
C/O US BANK NA PO BOX 1787 MILWAUKEE WI 53201-1787 |
Class R5
|
6.64% | N/A | |
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
37.53% | N/A |
Statement of Additional Information – June 1, 2017 | 233 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
8.59% | N/A | |
Class Z | 11.52% | |||
ING
LIFE INSURANCE & ANNUITY CO
ING FUND OPERATIONS 1 ORANGE WAY WINDSOR CT 06095-4773 |
Class K
|
72.01% | N/A | |
Class R | 51.57% | |||
Class R4 | 6.59% | |||
Class Y | 51.75% | |||
ING
NATIONAL TRUST
ONE ORANGE WAY WINDSOR CT 06095-4773 |
Class K
|
19.08% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
7.17% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
18.97% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
71.05% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C
|
6.54% | N/A | |
Class R | 21.56% | |||
Class Z | 36.57% | |||
MINNESOTA
LIFE INS COMPANY
ATTN KENNETH MONTAGUE 400 ROBERT STREET NORTH ST PAUL MN 55101-2099 |
Class R4
|
17.85% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class Z
|
9.26% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
8.48% | N/A | |
Class B | 6.73% | |||
Class R4 | 23.93% | |||
Class R5 | 31.84% | |||
Class Y | 21.27% | |||
Class Z | 6.73% | |||
NATIONWIDE
TRUST COMPANY FSB
FBO PARTICIPATING RETIREMENT PLANS C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class R4
|
28.98% | N/A | |
SAMMONS
FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R
|
13.07% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
17.05% | N/A |
Statement of Additional Information – June 1, 2017 | 234 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
TD
AMERITRADE TRUST COMPANY
ATTN HOUSE PO BOX 17748 DENVER CO 80217-0748 |
Class Y
|
7.80% | N/A | |
MM Value Strategies Fund (b) |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
100.00% | 100.00% |
Mortgage Opportunities Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
72.44% | N/A |
Class C | 54.67% | |||
Class Z | 28.70% | |||
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
78.73% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R5
|
21.27% | 87.24% (a) | |
Class W | 100.00% | |||
JPMCB
NA CUST
FOR ACTIVE PORTFOLIOS MULTI-MANAGER TOTAL RETURN BOND 14201 DALLAS PKWY FL 10 DALLAS TX 75254-2916 |
Class I
|
29.60% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
7.63% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
10.64% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL OPPORTUNITIES FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
9.91% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
34.87% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class A
|
21.27% | N/A | |
Class C | 9.23% | |||
Class Z | 9.06% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C
|
6.37% | N/A | |
Class R4 | 7.78% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C
|
23.82% | N/A | |
Class R4 | 91.64% | |||
ROBERT
W BAIRD & CO INC
777 E WISCONSIN AVE MILWAUKEE WI 53202-5391 |
Class Z
|
25.30% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Z
|
29.09% | N/A |
Statement of Additional Information – June 1, 2017 | 235 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Select Large-Cap Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
20.80% | N/A |
Class B | 28.23% | |||
Class C | 5.30% | |||
Class W | 99.99% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
7.60% | N/A | |
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A
|
8.35% | N/A | |
Class K | 84.90% | |||
Class R4 | 20.67% | |||
Class R5 | 29.41% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K
|
15.10% | N/A (a) | |
FIIOC
FBO
100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R5
|
6.83% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B
|
19.98% | N/A | |
Class C | 12.68% | |||
Class Z | 7.77% | |||
GREAT
WEST TRUST CO
TRST FBO EMPLOYEE BENEFITS CLIENTS 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class Y
|
71.89% | N/A | |
JOHN
HANCOCK TRUST COMPANY LLC
690 CANTON ST STE 100 WESTWOOD MA 02090-2344 |
Class R4
|
55.65% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
19.68% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
52.74% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
27.57% | N/A | |
MATRIX
TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class Y
|
25.50% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class A
|
18.33% | N/A | |
Class B | 17.42% | |||
Class C | 29.72% | |||
Class R | 68.90% | |||
Class R4 | 16.15% | |||
Class Z | 10.03% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
7.78% | N/A |
Statement of Additional Information – June 1, 2017 | 236 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class B
|
12.39% | N/A | |
Class C | 12.81% | |||
Class Z | 62.39% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
6.86% | N/A | |
Class R4 | 5.34% | |||
Class R5 | 46.63% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R5
|
6.99% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
5.08% | N/A | |
Class Z | 6.45% | |||
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
7.44% | N/A | |
Class Z | 7.85% | |||
Select Smaller-Cap Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
34.90% | 27.68% |
Class B | 23.73% | |||
Class C | 16.32% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
9.63% | N/A | |
AUL
AMERICAN GROUP RETIREMENT ANNUITY ATTN SEPARATE ACCOUNTS PO BOX 368 INDIANAPOLIS IN 46206-0368 |
Class R4
|
23.94% | N/A | |
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
9.41% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class Y
|
100.00% | N/A (a) | |
DCGT
AS TTEE AND /OR CUST
OMNIBUS ATTN NPIO TRADE DESK 711 HIGH ST DES MOINES IA 50392-0001 |
Class R
|
8.66% | N/A | |
FIIOC
FBO
100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R4
|
19.45% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
8.79% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
54.44% | N/A |
Statement of Additional Information – June 1, 2017 | 237 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
45.52% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C
|
9.21% | N/A | |
Class R | 54.42% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class Z
|
7.38% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class C
|
5.26% | N/A | |
Class R4 | 6.80% | |||
Class R5 | 5.82% | |||
NATIONWIDE
TRUST COMPANY FSB
FBO PARTICIPATING RETIREMENT PLANS C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class R5
|
5.15% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C
|
5.75% | N/A | |
Class R4 | 7.13% | |||
Class R5 | 10.29% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
6.58% | N/A | |
RBC
CAPITAL MARKETS, LLC
MUTUAL FUND OMNIBUS PROCESSING OMNIBUS ATTN MUTUAL FUND OPS MANAGER 510 MARQUETTE AVE S MINNEAPOLIS MN 55402-1110 |
Class Z
|
7.34% | N/A | |
T
ROWE PRICE TRUST CO TTEE
FBO RETIREMENT PLAN CLIENTS PO BOX 17215 BALTIMORE MD 21297-1215 |
Class R5
|
22.88% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
8.20% | N/A | |
THE
TRUST COMPANY OF KNOXILLE 1
4823 OLD KINGSTON PIKE STE 100 KNOXVILLE TN 37919-6499 |
Class R4
|
6.09% | N/A | |
VRSCO
FBO
ATTN CHRIS BAUMAN 2727-A ALLEN PARKWAY, 4-D1 HOUSTON TX 77019-2107 |
Class R4
|
27.97% | N/A | |
Class R5 | 20.48% | |||
WELLS
FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class K
|
92.40% | N/A | |
Class R5 | 11.08% | |||
Class Z | 70.28% | |||
Seligman Communications and Information Fund (b) |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
8.83% | N/A |
Class B | 20.21% |
Statement of Additional Information – June 1, 2017 | 238 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
7.15% | N/A | |
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A
|
7.79% | N/A | |
Class K | 6.81% | |||
Class R4 | 5.72% | |||
Class R5 | 18.11% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
Class K | 18.81% | |||
GREAT-WEST
TRUST CO LLC
FBO RECORDKEEPING FOR VARIOUS BENEF 8525 E ORCHARD RD C/O MUTUAL FUND TRADING GREENWOOD VILLAGE CO 80111-5002 |
Class K
|
74.38% | N/A | |
Class R5 | 7.19% | |||
HARTFORD
LIFE INSURANCE COMPANY
ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R
|
22.47% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DR E FL 3 JACKSONVILLE FL 32246-6484 |
Class A
|
7.91% | N/A | |
Class B | 16.21% | |||
Class C | 14.05% | |||
Class R | 13.60% | |||
Class R4 | 34.23% | |||
Class Z | 22.41% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class A
|
7.16% | N/A | |
Class C | 11.52% | |||
Class Z | 13.03% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
8.85% | N/A | |
Class B | 7.42% | |||
Class C | 7.73% | |||
Class R4 | 33.10% | |||
Class R5 | 20.17% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A
|
6.04% | N/A | |
Class B | 7.80% | |||
Class C | 6.46% | |||
Class R4 | 16.61% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class B
|
9.29% | N/A | |
Class C | 8.90% | |||
Class Z | 8.92% | |||
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R
|
32.78% | N/A | |
T
ROWE PRICE TRUST CO TTEE
FBO RETIREMENT PLAN CLIENTS PO BOX 17215 BALTIMORE MD 21297-1215 |
Class R5
|
9.48% | N/A | |
UBS
FINANCIAL SVCS
FBO SCOTT S HOLMES IRA WEEHAWKEN NJ 07086-6727 |
Class C
|
7.95% | N/A | |
Class Z | 16.04% |
Statement of Additional Information – June 1, 2017 | 239 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class A
|
8.61% | N/A | |
Class B | 11.91% | |||
Class C | 11.89% | |||
Class Z | 19.95% | |||
Small/Mid Cap Value Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
46.14% | 38.63% |
Class B | 27.92% | |||
Class C | 32.92% | |||
Class Z | 6.16% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
8.83% | N/A | |
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
5.14% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
Class W | 100.00% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class Z
|
7.23% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
10.58% | N/A | |
Class Z | 33.00% | |||
HARTFORD
LIFE INSURANCE COMPANY
ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R
|
40.33% | N/A | |
Class R4 | 19.56% | |||
ING
LIFE INSURANCE & ANNUITY CO
ING FUND OPERATIONS 1 ORANGE WAY WINDSOR CT 06095-4773 |
Class K
|
21.05% | N/A | |
Class R | 14.29% | |||
ING
NATIONAL TRUST
ONE ORANGE WAY WINDSOR CT 06095-4773 |
Class K
|
6.67% | N/A | |
Class R4 | 6.00% | |||
Class R5 | 9.51% | |||
JOHN
HANCOCK TRUST COMPANY LLC
690 CANTON ST STE 100 WESTWOOD MA 02090-2344 |
Class R4
|
8.59% | N/A | |
MASSACHUSETTS
MUTUAL LIFE INS CO
1295 STATE ST SPRINGFIELD MA 01111-0002 |
Class R
|
6.30% | N/A | |
Class R4 | 7.69% | |||
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class R
|
8.07% | N/A | |
Class R5 | 15.68% | |||
Class Z | 21.44% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class Z
|
7.69% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class K
|
53.10% | N/A | |
Class R4 | 17.77% | |||
Class R5 | 36.34% |
Statement of Additional Information – June 1, 2017 | 240 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R4
|
21.34% | N/A | |
STATE
STREET BK & TR CO AS CUST
FOR MML FBO ITS CLIENTS 1200 CROWN COLONY DR QUINCY MA 02169-0938 |
Class Y
|
48.29% | N/A | |
TAYNIK
& CO
C/O STATE STREET BANK & TRUST 1200 CROWN COLONY DR QUINCY MA 02169-0938 |
Class R
|
6.34% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Z
|
10.07% | N/A | |
WELLS
FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class R5
|
28.84% | N/A | |
Class Y | 48.05% | |||
U.S. Government Mortgage Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
24.24% | N/A |
Class B | 30.27% | |||
Class C | 30.33% | |||
Class W | 99.55% | |||
Class Z | 6.60% | |||
CHARLES
SCHWAB & CO INC
CUST A/C FOR THE EXCLUSIVE BENEFIT ATTENTION MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class A
|
6.56% | N/A | |
Class K | 8.69% | |||
Class R5 | 26.85% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R
|
25.62% | 29.40% (a) | |
COLUMBIA
THERMOSTAT FUND
C/O PAULA RYAN 227 W MONROE ST STE 3000 CHICAGO IL 60606-5018 |
Class I
|
22.41% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
5.94% | N/A | |
JOHN
HANCOCK TRUST COMPANY LLC
690 CANTON ST STE 100 WESTWOOD MA 02090-2344 |
Class K
|
89.54% | N/A | |
JPMCB
NA AS CUST FOR THE SC529 PLAN
COLUMBIA MODERATE GROWTH 529 PORTFOLIO 14201 N DALLAS PARKWAY FL 13 DALLAS TX 75254-2916 |
Class Z
|
9.81% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
5.21% | N/A |
Statement of Additional Information – June 1, 2017 | 241 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
18.20% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
10.75% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
11.99% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
28.63% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C
|
11.06% | N/A | |
Class Z | 23.21% | |||
MATRIX
TRUST COMPANY CUST. FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class Y
|
62.03% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class A
|
13.09% | N/A | |
Class B | 17.33% | |||
Class C | 11.20% | |||
Class R4 | 14.49% | |||
Class Z | 42.56% | |||
MID
ATLANTIC TRUST COMPANY FBO
1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
74.27% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
7.92% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
6.01% | N/A | |
Class R4 | 33.15% | |||
Class R5 | 14.48% | |||
Class Y | 5.31% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A
|
5.12% | N/A | |
Class C | 6.30% | |||
Class R4 | 21.76% | |||
Class R5 | 18.40% | |||
RELIANCE
TRUST CO CUST
PO BOX 48529 ATLANTA GA 30362-1529 |
Class Y
|
6.81% | N/A | |
TAYNIK
& CO
C/O STATE STREET BANK & TRUST 1200 CROWN COLONY DR QUINCY MA 02169-0938 |
Class R4
|
13.03% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
8.74% | N/A |
Statement of Additional Information – June 1, 2017 | 242 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class B
|
6.15% | N/A | |
Class C | 5.16% | |||
WELLS
FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class Y
|
13.08% | N/A |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Disciplined Core Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
22.55% | N/A |
Class B | 13.88% | |||
Class C | 30.81% | |||
Class W | 99.99% | |||
ASCENSUS
TRUST CO FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
18.33% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R4
|
21.81% | N/A | |
FIIOC
FBO
401K PROFIT SHARING PLAN 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R
|
7.94% | N/A | |
Class R4 | 32.63% | |||
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class Z
|
43.31% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
14.02% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
44.38% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
8.94% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
22.56% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA VP-ASSET ALLOCATION FUND 14201 N DALLAS PKWAY FL 13 DALLAS TX 75254-2916 |
Class I
|
7.44% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z
|
8.55% | N/A |
Statement of Additional Information – June 1, 2017 | 243 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MATRIX
TRUST COMPANY AS CUST FBO
PO BOX 52129 PHOENIX AZ 85072-2129 |
Class Y
|
99.75% | N/A | |
MATRIX
TRUST COMPANY AS CUST FBO
PO BOX 52129 PHOENIX AZ 85072-2129 |
Class R
|
5.58% | N/A | |
MERRILL
LYNCH PIERCE FENNER &
SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class C
|
8.40% | N/A | |
Class R | 49.11% | |||
Class Z | 13.39% | |||
MID
ATLANTIC TRUST COMPANY FBO
PROFIT SHARING PLAN 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
5.76% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
6.96% | N/A | |
Class Z | 7.27% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
11.33% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
14.76% | N/A | |
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R
|
10.66% | N/A | |
Class R4 | 19.39% | |||
VOYA
INSTITUTIONAL TRUST COMPANY
TTEE OR CUST FBO MERCEDES-BENZ INTER INC RET SAVINGS PLAN 30 BRAINTREE HILL PARK BRAINTREE MA 02184-8747 |
Class R5
|
78.41% | N/A | |
WELLS
FARGO BANK FBO
1525 W W T HARRIS BLVD CHARLOTTE NC 28262-8522 |
Class K
|
98.52% | N/A | |
Class R5 | 8.23% | |||
Disciplined Growth Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
49.47% | 32.95% |
Class B | 32.06% | |||
Class C | 32.36% | |||
Class W | 100.00% | |||
Class Z | 7.00% | |||
ASCENSUS
TRUST CO FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
7.30% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K
|
100.00% | 42.04% (a) | |
Class Y | 33.31% | |||
FIIOC
FBO
401K PROFIT SHARING PLAN 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R5
|
5.30% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
19.46% | N/A |
Statement of Additional Information – June 1, 2017 | 244 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
38.78% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
9.18% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
28.92% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class C
|
5.89% | N/A | |
Class Z | 8.30% | |||
MATRIX
TRUST COMPANY AS CUST FBO
PO BOX 52129 PHOENIX AZ 85072-2129 |
Class R5
|
52.41% | N/A | |
MERRILL
LYNCH PIERCE FENNER &
SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class C
|
19.91% | N/A | |
Class R | 74.85% | |||
Class Z | 20.88% | |||
MID
ATLANTIC TRUST COMPANY FBO
PROFIT SHARING PLAN 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
17.35% | N/A | |
Class Y | 66.69% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class Z
|
42.10% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
8.14% | N/A | |
Class R4 | 28.95% | |||
Class R5 | 15.21% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R5
|
26.75% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS HOUSE ACCT FIRM ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
8.49% | N/A | |
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R4
|
68.75% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
5.12% | N/A | |
Class Z | 11.74% | |||
Disciplined Value Fund |
AMERICAN
ENTERPRISE INV SVCS, INC
ATTN: MFIS CUSTOMER 2003 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0020 |
Class B
|
13.71% | N/A |
Statement of Additional Information – June 1, 2017 | 245 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
39.42% | 25.03% | |
Class B | 50.29% | |||
Class C | 17.10% | |||
Class W | 100.00% | |||
ASCENSUS
TRUST CO FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
15.91% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K
|
100.00% | 52.32% (a) | |
Class R5 | 24.83% | |||
FIIOC
FBO
401K PROFIT SHARING PLAN 100 MAGELLAN WAY (KW1C) COVINGTON KY 41015-1987 |
Class R
|
13.10% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
10.66% | N/A | |
JPMCB
NA AS CUSTO FOR THE SC529 PL
COLUMBIA AGGRESSIVE GROWTH 529 PORT 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class Z
|
54.40% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
14.77% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
38.42% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
8.26% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
21.86% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
14.75% | N/A | |
MATRIX
TRUST COMPANY AS CUST FBO
PO BOX 52129 PHOENIX AZ 85072-2129 |
Class R
|
20.75% | N/A | |
MERRILL
LYNCH PIERCE FENNER &
SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class A
|
14.38% | N/A | |
Class B | 7.45% | |||
Class C | 25.41% | |||
Class R | 27.03% | |||
Class V | 12.90% | |||
Class Z | 25.87% |
Statement of Additional Information – June 1, 2017 | 246 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MID
ATLANTIC TRUST COMPANY FBO
PROFIT SHARING PLAN 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
11.36% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
7.70% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
79.48% | N/A | |
PAI
TRUST COMPANY, INC.
PRIMACQ GROUP, INC. 1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class Y
|
12.47% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A
|
5.06% | N/A | |
Class C | 5.24% | |||
Class R4 | 20.44% | |||
Class R5 | 75.17% | |||
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
7.40% | N/A | |
Class Y | 87.33% | |||
Floating Rate Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
55.37% | 31.19% |
Class B | 52.24% | |||
Class C | 29.99% | |||
CBNA
AS CUSTODIAN FBO
FRINGE BENEFITS DESIGN RETIREMENT P 6 RHOADS DR STE 7 UTICA NY 13502-6317 |
Class R
|
17.42% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K
|
85.24% | N/A | |
Class R4 | 34.20% | |||
Class R5 | 35.15% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K
|
14.44% | N/A (a) | |
Class W | 99.69% | |||
Class Y | 100.00% | |||
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
5.65% | N/A | |
Class Z | 13.49% | |||
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
99.35% | N/A | |
MERRILL
LYNCH PIERCE FENNER &
SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class C
|
8.68% | N/A | |
Class R | 67.89% | |||
Class Z | 17.71% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
14.23% | N/A | |
Class Z | 14.85% |
Statement of Additional Information – June 1, 2017 | 247 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class B
|
5.96% | N/A | |
Class C | 6.00% | |||
Class R4 | 22.61% | |||
Class R5 | 38.18% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
39.37% | N/A | |
Class R5 | 10.37% | |||
RELIANCE
TRUST CO CUST
PO BOX 48529 ATLANTA GA 30362-1529 |
Class R5
|
5.58% | N/A | |
SAXON
& CO.
P.O. BOX 7780-1888 PHILADELPHIA PA 19182-0001 |
Class Z
|
33.01% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
6.24% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Z
|
7.50% | N/A | |
Global Opportunities Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
46.65% | 46.31% |
Class B | 39.49% | |||
Class C | 46.72% | |||
Class Z | 23.91% | |||
ASCENSUS
TRUST CO FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
15.03% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K
|
82.76% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class R4
|
5.07% | N/A (a) | |
Class W | 100.00% | |||
DONNA
C KNIGHT & JEFFREY L KNIGHT
TTEES DONNA C KNIGHT LIVING TRUST U/A 07/24/1998 15 SYLVAN LN WESTON MA 02493-1027 |
Class Z
|
38.29% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class K
|
16.03% | N/A | |
MERRILL
LYNCH PIERCE FENNER &
SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class R
|
60.88% | N/A | |
Class Z | 21.18% | |||
MID
ATLANTIC TRUST COMPANY FBO
PROFIT SHARING PLAN 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
23.42% | N/A | |
Class R5 | 26.26% |
Statement of Additional Information – June 1, 2017 | 248 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
75.43% | N/A | |
Class R5 | 21.55% | |||
NATIONWIDE
TRUST COMPANY/FSB
C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class R5
|
19.55% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
19.50% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
30.68% | N/A | |
Government Money Market Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
6.57% | N/A |
Class B | 13.97% | |||
Class C | 10.83% | |||
Class W | 88.38% | |||
ASCENSUS
TRUST CO FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class C
|
22.12% | N/A | |
Class R | 30.37% | |||
BANK
OF AMERICA NA
FBO CGSC CAPITAL, INC MFO PO BOX 843869 DALLAS TX 75284-3869 |
Class Z
|
5.11% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class W
|
11.62% | N/A (a) | |
COUNSEL
TRUST DBA MATC FBO
AMBULATORY HEALTH CARE SERVICE 401(K) PROFIT SHARING PLAN & TRUST 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
7.43% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
7.45% | N/A | |
JPMCB
NA AS CUSTO FOR THE SC529 PL
COLUMBIA AGGRESSIVE GROWTH 529 PORT 14201 DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class Z
|
52.08% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
98.49% | N/A | |
MATRIX
TRUST COMPANY AS CUST FBO
PO BOX 52129 PHOENIX AZ 85072-2129 |
Class R
|
8.15% | N/A | |
MERRILL
LYNCH PIERCE FENNER &
SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class B
|
6.60% | N/A | |
MID
ATLANTIC TRUST COMPANY FBO
PROFIT SHARING PLAN 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
47.13% | N/A | |
Class R5 | 93.49% |
Statement of Additional Information – June 1, 2017 | 249 |
Statement of Additional Information – June 1, 2017 | 250 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
29.95% | N/A | |
MATRIX
TRUST COMPANY AS CUST FBO
PO BOX 52129 PHOENIX AZ 85072-2129 |
Class R
|
12.59% | N/A | |
MERRILL
LYNCH PIERCE FENNER &
SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class B
|
15.09% | N/A | |
Class C | 8.73% | |||
Class R | 8.86% | |||
Class Z | 58.32% | |||
MID
ATLANTIC TRUST COMPANY FBO
PROFIT SHARING PLAN 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
31.67% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
6.52% | N/A | |
Class C | 6.90% | |||
Class R4 | 76.23% | |||
Class R5 | 50.56% | |||
Class Y | 31.33% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B
|
6.95% | N/A | |
Class R4 | 18.22% | |||
SAXON
& CO.
P.O. BOX 7780-1888 PHILADELPHIA PA 19182-0001 |
Class Y
|
7.21% | N/A | |
SMC
CONSULTING ENGINEERS P C TTEE
SMC CONSULTING ENGINEERS P C 401 K C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R
|
6.22% | N/A | |
STATE
STREET BANK & TRUST
AS CUSTODIAN FBO BARR & BARR INC 200 NEWPORT AVENUE EXT # JQB513 NORTH QUINCY MA 02171-2145 |
Class Y
|
22.15% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
37.21% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class R
|
10.79% | N/A | |
Inflation Protected Securities Fund |
AMERICAN
ENTERPRISE INV SVCS, INC
ATTN: MFIS CUSTOMER 2003 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0020 |
Class B
|
11.23% | N/A |
AMERICAN
ENTERPRISE INV SVCS, INC
ATTN: MFIS CUSTOMER 2003 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0020 |
Class B
|
5.21% | N/A | |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
47.49% | N/A | |
Class B | 30.07% | |||
Class C | 25.97% | |||
Class W | 95.65% | |||
ASCENSUS
TRUST CO FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class C
|
10.74% | N/A | |
Class K | 73.55% | |||
Class R | 7.92% |
Statement of Additional Information – June 1, 2017 | 251 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B
|
11.13% | 50.29% (a) | |
Class K | 23.68% | |||
Class R5 | 16.36% | |||
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
7.10% | N/A | |
Class Z | 68.54% | |||
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
12.86% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
12.30% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
14.93% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
18.13% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
41.44% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z
|
17.98% | N/A | |
MERRILL
LYNCH PIERCE FENNER &
SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class C
|
19.55% | N/A | |
Class R | 84.26% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
8.99% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class B
|
5.31% | N/A | |
Class R5 | 67.58% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class B
|
5.73% | N/A | |
Class R5 | 14.59% | |||
Limited Duration Credit Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
64.81% | 34.75% |
Class B | 52.76% | |||
Class C | 43.48% | |||
Class W | 98.46% | |||
Class Z | 6.20% |
Statement of Additional Information – June 1, 2017 | 252 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY A/C FBO CUSTOMERS ATTN MUTUAL FUND DEPT 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K
|
90.89% | N/A | |
Class R5 | 93.44% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K
|
9.00% | N/A (a) | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
6.82% | N/A | |
Class Z | 6.48% | |||
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
9.24% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
10.06% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
23.16% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
57.39% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z
|
10.56% | N/A | |
MERRILL
LYNCH PIERCE FENNER &
SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class C
|
7.97% | N/A | |
Class Z | 43.63% | |||
MINNESOTA
LIFE INS COMPANY
ATTN KENNETH MONTAGUE 400 ROBERT STREET NORTH ST PAUL MN 55101-2099 |
Class R4
|
85.35% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class Z
|
10.49% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
8.57% | N/A | |
Class Y | 98.54% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
5.69% | N/A | |
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
8.30% | N/A | |
Class Z | 7.99% |
Statement of Additional Information – June 1, 2017 | 253 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MN Tax-Exempt Fund |
AMERICAN
ENTERPRISE INV SVCS, INC
ATTN: MFIS CUSTOMER 2003 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0020 |
Class B
|
7.88% | N/A |
Class B | 6.65% | |||
Class B | 5.86% | |||
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
28.48% | 30.02% | |
Class B | 48.96% | |||
Class C | 50.24% | |||
Class Z | 12.74% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B
|
5.35% | N/A (a) | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class B
|
7.96% | N/A | |
FIRST
CLEARING LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class Z
|
6.89% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z
|
22.77% | N/A | |
MERRILL
LYNCH PIERCE FENNER &
SMITH INC FOR THE SOLE BENEFIT OF IT S CUSTOM 4800 DEER LAKE DR E JACKSONVILLE FL 32246-6484 |
Class Z
|
7.47% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class Z
|
8.46% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
81.12% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
18.41% | N/A | |
Class R5 | 98.22% | |||
UBS
WM USA
OMNI ACCOUNT M/F ATTN: DEPARTMENT MANAGER 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Z
|
23.51% | N/A | |
Strategic Municipal Income Fund (b) |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
80.69% | 65.93% |
Class B | 60.73% | |||
Class C | 49.47% | |||
Class Z | 17.60% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B
|
6.45% | N/A (a) | |
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class B
|
8.86% | N/A | |
Class Z | 5.58% |
Statement of Additional Information – June 1, 2017 | 254 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C
|
7.09% | N/A | |
Class Z | 14.37% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
8.55% | N/A | |
Class Z | 14.95% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS ATTN MUTUAL FUNDS DEPT 5TH FL 499 WASHINGTON BLVD JERSEY CITY NJ 07310-1995 |
Class R4
|
58.77% | N/A | |
Class R5 | 63.65% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
40.19% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
34.27% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
6.99% | N/A | |
Class Z | 28.89% | |||
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B
|
19.96% | N/A | |
Class C | 11.39% | |||
Class Z | 7.26% |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Absolute Return Currency and Income Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
70.09% | 25.50% |
Class C | 40.35% | |||
Class W | 83.35% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class B
|
100.00% | 40.98% (a) | |
Class W | 16.65% | |||
Class Y | 100.00% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class Z
|
5.72% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
7.59% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
47.64% | N/A |
Statement of Additional Information – June 1, 2017 | 255 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
7.81% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
34.49% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z
|
10.25% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C
|
5.23% | N/A | |
Class Z | 37.43% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
12.96% | N/A | |
Class Z | 5.13% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
13.50% | N/A | |
Class C | 19.53% | |||
Class R4 | 65.57% | |||
Class R5 | 98.40% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C
|
5.77% | N/A | |
Class R4 | 32.89% | |||
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Z
|
5.40% | N/A | |
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class Z
|
31.79% | N/A | |
Asia Pacific ex-Japan Fund |
ACTION
FABRICATORS INC TTEE FBO
ACTION FABRICATORS INC PSP 401K C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R
|
52.68% | N/A |
ALAN
J PINNICK &
MARILYN K PINNICK JTTEN 3031 BECKENHAM WAY GREENWOOD IN 46143-7648 |
Class C
|
5.60% | N/A | |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
58.60% | N/A | |
Class C | 5.11% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class R5
|
46.07% | N/A | |
COLUMBIA
MGMT INVEST ADVISERS LLC
NOMINEE FOR VARIOUS COLUMBIA FUNDS ATTN STEVEN SWINHART FBO RLD 225 FRANKLIN ST FL 25 BOSTON MA 02110-2888 |
Class Z
|
13.72% | N/A |
Statement of Additional Information – June 1, 2017 | 256 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
DEMETRIOS
ZIOZIS TTEE FBO
C/O FASCORE LLC 8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R
|
8.14% | N/A | |
ELIZABETH
L WHEELER &
THOMAS G WHEELER JTWROS 1402 CHERRY GARDEN RD BALTIMORE MD 21221-6304 |
Class Z
|
8.32% | N/A | |
JOHN
C BANNISTER &
KATHLEEN BANNISTER JT WROS 420 E 55TH ST INDIANAPOLIS IN 46220-3005 |
Class C
|
21.59% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
99.99% | N/A | |
KERRI
KOESSLER &
CHRISTOPHE KOESSLER JT WROS 1071 LONGFELLOW AVE CAMPBELL CA 95008-7110 |
Class C
|
5.04% | N/A | |
LOAN
COLLATERAL ACCOUNT
FIRST SENTINEL BANK HOLLY A SANDERS & JONATHAN R SANDERS & JT WROS 575 GAMMON RD KINGSPORT TN 37663-4119 |
Class A
|
6.01% | N/A | |
MG
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R
|
29.10% | N/A | |
PAI
TRUST COMPANY, INC
STUDIOPOLIS, INC. 401(K) P/S PLAN 1300 ENTERPRISE DR DE PERE WI 54115-4934 |
Class R
|
8.05% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class A
|
19.38% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
6.53% | N/A | |
Class Z | 14.72% | |||
STATE
STREET BK & TR IRA
FBO MARLENE WOOD 9700 ENCHANTO RD ATASCADERO CA 93422-7111 |
Class C
|
12.81% | N/A | |
STATE
STREET BK & TR IRA
PATRICIA M DALY 426 GREAT FALLS ST FALLS CHURCH VA 22046-2608 |
Class Z
|
38.90% | N/A | |
STATE
STREET BK & TR IRA
ROSEMARIE KATO 17218 ALFRED AVE CERRITOS CA 90703-1112 |
Class C
|
11.17% | N/A | |
STATE
STREET BK & TR IRA
YUKIKO KAWAHARA 567 N 17TH ST SAN JOSE CA 95112-1735 |
Class C
|
5.60% | N/A | |
STATE
STREET BK & TR ROTH IRA
DAVID ABRAHAM 4125 W 97TH PL APT 108 OAK LAWN IL 60453-3425 |
Class Z
|
9.86% | N/A |
Statement of Additional Information – June 1, 2017 | 257 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
STRAFE
& CO
FBO PO BOX 6924 NEWARK DE 19714-6924 |
Class R5
|
38.43% | N/A | |
Emerging Markets Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
63.06% | N/A |
Class B | 82.66% | |||
Class C | 14.89% | |||
Class W | 99.83% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class Y
|
14.31% | N/A | |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K
|
50.35% | N/A | |
Class R5 | 7.91% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K
|
27.51% | 39.50% (a) | |
COUNSEL
TRUST DBA MATC FBO
SAVINGS INCENTIVE & PS PLAN FOR 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class Y
|
17.98% | N/A | |
ING
FUND OPERATIONS TTEE
FBO ING LIFE INSURANCE & ANNUITY CO 1 ORANGE WAY WINDSOR CT 06095-4773 |
Class Y
|
13.08% | N/A | |
ING
FUND OPERATIONS TTEE
FBO ING NATIONAL TRUST 1 ORANGE WAY WINDSOR CT 06095-4773 |
Class Y
|
10.52% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
15.96% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
7.98% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
16.40% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA INCOME BUILDER FUND 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
55.40% | N/A | |
JPMCB
NA CUST FOR SC529 PLAN
COLUMBIA AGGRESSIVE GROWTH 529 PORTFOLIO 14201N DALLAS PKWY FL 13 DALLAS TX 75254 |
Class Z
|
18.21% | N/A | |
LPL
FINANCIAL
9785 TOWNE CENTRE DR SAN DIEGO CA 92121-1968 |
Class Z
|
7.46% | N/A |
Statement of Additional Information – June 1, 2017 | 258 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C
|
10.43% | N/A | |
Class R | 15.70% | |||
Class Z | 5.10% | |||
MG
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R5
|
29.49% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
9.76% | N/A | |
Class Z | 6.38% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
9.03% | N/A | |
Class R4 | 67.76% | |||
Class R5 | 48.27% | |||
Class Z | 7.66% | |||
NATIONWIDE
TRUST COMPANY/FSB
C/O IPO PORTFOLIO ACCOUNTING PO BOX 182029 COLUMBUS OH 43218-2029 |
Class R5
|
8.90% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C
|
6.25% | N/A | |
Class R4 | 26.87% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
17.95% | N/A | |
Class Z | 14.40% | |||
SAMMONS
FINANCIAL NETWORK LLC
4546 CORPORATE DR STE 100 WEST DES MOINES IA 50266-5911 |
Class R
|
80.56% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
6.54% | N/A | |
Class Z | 8.60% | |||
WELLS
FARGO BANK FBO
1525 WEST WT HARRIS BLVD CHARLOTTE NC 28288-1076 |
Class Y
|
41.39% | N/A | |
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
16.00% | N/A | |
Class K | 22.14% | |||
Class Z | 17.10% | |||
European Equity Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
79.49% | N/A |
Class B | 82.65% | |||
Class C | 45.12% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K
|
37.49% | N/A | |
Class R5 | 53.93% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class K
|
62.51% | 66.20% (a) | |
Class W | 100.00% | |||
Class Y | 100.00% |
Statement of Additional Information – June 1, 2017 | 259 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
9.99% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE AGGRESSIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
33.02% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE CONSERVATIVE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
7.51% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA CAPITAL ALLOCATION MODERATE PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
24.13% | N/A | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
24.64% | N/A | |
JPMCB
NA CUST FOR SC529 PLAN
COLUMBIA AGGRESSIVE GROWTH 529 PORTFOLIO 14201N DALLAS PKWY FL 13 DALLAS TX 75254 |
Class Z
|
83.56% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C
|
7.45% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
17.52% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R4
|
38.77% | N/A | |
Class R5 | 34.01% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R4
|
60.17% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
6.20% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
5.65% | N/A | |
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
7.89% | N/A |
Statement of Additional Information – June 1, 2017 | 260 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Global Bond Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
87.47% | 83.02% |
Class B | 55.03% | |||
Class C | 54.86% | |||
Class W | 77.32% | |||
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class B
|
10.00% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
Class K | 13.15% | |||
Class R | 26.13% | |||
Class W | 22.68% | |||
Class Y | 100.00% | |||
EDWARD
D JONES & CO
FOR THE BENEFIT OF CUSTOMERS 12555 MANCHESTER RD SAINT LOUIS MO 63131-3729 |
Class Z
|
11.32% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class B
|
5.15% | N/A | |
Class C | 6.73% | |||
MID
ATLANTIC TRUST COMPANY FBO
401 K PROFIT SHARING PLAN & TRUST 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
20.93% | N/A | |
NANCY
MANN FBO
MANNS JEWELERS INC 401(K) PROFIT SHARING PLAN & TRUST 2945 MONROE AVE ROCHESTER NY 14618-4601 |
Class K
|
80.27% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C
|
6.84% | N/A | |
Class Z | 74.19% | |||
PPS
RECORDKEEPER IN CARE OF
JENKINS FUELS 401 K PLAN 24 H L DOW HIGHWAY ELIOT ME 03903 |
Class R
|
37.30% | N/A | |
PPS
RECORDKEEPER IN CARE OF
JOHNSON GRANITE INC 401 K PLAN PO BOX 511 MOUNT AIRY NC 27030-0511 |
Class R
|
5.49% | N/A | |
PPS
RECORDKEEPER IN CARE OF
LAW OFFICES OF ROBERT A MCCARTY JR 4046 CHESTNUT ST RIVERSIDE CA 92501-3537 |
Class R
|
8.55% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class B
|
7.25% | N/A | |
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class K
|
6.58% | N/A |
Statement of Additional Information – June 1, 2017 | 261 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
Select Global Equity Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
75.81% | 60.27% |
Class B | 77.80% | |||
Class C | 35.67% | |||
Class Z | 20.69% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
15.40% | N/A | |
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class W
|
100.00% | N/A (a) | |
JPMCB
NA CUST FOR
COLUMBIA GLOBAL STRATEGIC EQUITY PORTFOLIO 14201 N DALLAS PKWY FL 13 DALLAS TX 75254-2916 |
Class I
|
100.00% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class C
|
11.37% | N/A | |
Class R | 59.72% | |||
Class Z | 13.16% | |||
MG
TRUST COMPANY CUST FBO
717 17TH ST STE 1300 DENVER CO 80202-3304 |
Class R
|
23.78% | N/A | |
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class Z
|
8.61% | N/A | |
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class R5
|
91.43% | N/A | |
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class R5
|
7.37% | N/A | |
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class Z
|
16.91% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class Z
|
15.17% | N/A | |
WELLS
FARGO BANK FBO
1525 WEST WT HARRIS BLVD CHARLOTTE NC 28288-1076 |
Class K
|
99.61% | N/A | |
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class C
|
5.28% | N/A | |
Class Z | 6.97% | |||
Seligman Global Technology Fund |
AMERICAN
ENTERPRISE INVESTMENT SVC
707 2ND AVE S MINNEAPOLIS MN 55402-2405 |
Class A
|
38.38% | 30.90% |
Class B | 58.86% | |||
Class C | 14.45% | |||
Class Z | 8.06% | |||
ASCENSUS
TRUST COMPANY FBO
PO BOX 10758 FARGO ND 58106-0758 |
Class R
|
5.54% | N/A |
Statement of Additional Information – June 1, 2017 | 262 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
CHARLES
SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS ATTN MUTUAL FUNDS 101 MONTGOMERY ST SAN FRANCISCO CA 94104-4151 |
Class K
|
78.09% | N/A | |
Class R5 | 13.56% | |||
COLUMBIA
MGMT INVESTMENT ADVSR LLC
ATTN KATRINA MACBAIN 50807 AMERIPRISE FINANCIAL CTR MINNEAPOLIS MN 55474-0508 |
Class I
|
100.00% | N/A (a) | |
COUNSEL
TRUST DBA MATC FBO
SAVINGS INCENTIVE & PS PLAN FOR 1251 WATERFRONT PL STE 525 PITTSBURGH PA 15222-4228 |
Class R
|
12.19% | N/A | |
FIIOC
FBO
100 MAGELLAN WAY # KW1C COVINGTON KY 41015-1987 |
Class R
|
10.43% | N/A | |
Class R5 | 7.87% | |||
GREAT-WEST
TRUST COMPANY LLC TTEE F
8515 E ORCHARD RD # 2T2 GREENWOOD VLG CO 80111-5002 |
Class R5
|
5.36% | N/A | |
HARTFORD
LIFE INSURANCE COMPANY
ATTN UIT OPERATIONS PO BOX 2999 HARTFORD CT 06104-2999 |
Class R
|
36.85% | N/A | |
MERRILL
LYNCH, PIERCE, FENNER
& SMITH INC FOR THE SOLE BENEFIT OF ITS CUSTOMERS ATTENTION SERVICE TEAM 4800 DEER LAKE DRIVE EAST 3RD FLOOR JACKSONVILLE FL 32246-6484 |
Class A
|
6.52% | N/A | |
Class C | 14.76% | |||
Class R | 11.58% | |||
Class Z | 10.36% | |||
MORGAN
STANLEY SMITH BARNEY
HARBORSIDE FINANCIAL CENTER PLAZA 2, 3RD FLOOR JERSEY CITY NJ 07311 |
Class C
|
8.68% | N/A | |
Class Z | 7.91% | |||
NATIONAL
FINANCIAL SERVICES LLC
FEBO CUSTOMERS MUTUAL FUNDS 200 LIBERTY STREET 1WFC NEW YORK NY 10281-1003 |
Class A
|
7.23% | N/A | |
Class C | 5.16% | |||
Class R4 | 8.69% | |||
Class R5 | 6.22% | |||
PERSHING
LLC
1 PERSHING PLZ JERSEY CITY NJ 07399-0002 |
Class C
|
6.57% | N/A | |
Class R4 | 64.24% | |||
Class R5 | 18.33% | |||
RAYMOND
JAMES
FBO OMNIBUS FOR MUTUAL FUNDS ATTN: COURTNEY WALLER 880 CARILLON PKWY ST PETERSBURG FL 33716-1100 |
Class C
|
5.94% | N/A | |
Class Z | 6.27% | |||
STATE
STREET BANK AND TRUST AS
TRUSTEE AND/OR CUSTODIAN FBO ADP ACCESS PRODUCT 1 LINCOLN ST BOSTON MA 02111-2901 |
Class R5
|
32.58% | N/A | |
STRAFE
& CO
FBO PO BOX 6924 NEWARK DE 19714-6924 |
Class A
|
5.39% | N/A | |
TD
AMERITRADE INC FOR THE
EXCLUSIVE BENEFIT OF OUR CLIENTS PO BOX 2226 OMAHA NE 68103-2226 |
Class R5
|
9.92% | N/A |
Statement of Additional Information – June 1, 2017 | 263 |
Fund | Shareholder Name and Address | Share Class |
Percentage
of Class |
Percentage
of Fund
(if greater than 25%) |
TD
AMERITRADE TRUST COMPANY
ATTN HOUSE PO BOX 17748 DENVER CO 80217-0748 |
Class R4
|
15.81% | N/A | |
UBS
WM USA
SPEC CDY A/C EXCL BEN CUST 1000 HARBOR BLVD WEEHAWKEN NJ 07086-6761 |
Class C
|
6.28% | N/A | |
Class Z | 34.96% | |||
WELLS
FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE EXCLUSIVE BENEFIT OF CUSTOMER 2801 MARKET ST SAINT LOUIS MO 63103-2523 |
Class B
|
6.23% | N/A | |
Class C | 7.86% | |||
Class K | 19.95% | |||
Class Z | 17.87% |
(a) | Combination of all share classes of Columbia Management initial capital and/or affiliated funds-of-funds’ investments. |
(b) | Information provided for Large Cap Growth Fund III is as of August 31, 2016. Information provided for MM Value Strategies Fund is as of November 30, 2016. Information provided for Seligman Communications and Information Fund and Strategic Municipal Income Fund is as of February 28, 2017. |
Statement of Additional Information – June 1, 2017 | 264 |
Statement of Additional Information – June 1, 2017 | 265 |
Statement of Additional Information – June 1, 2017 | A-1 |
Statement of Additional Information – June 1, 2017 | A-2 |
Statement of Additional Information – June 1, 2017 | A-3 |
Statement of Additional Information – June 1, 2017 | A-4 |
■ | Independence — A nominee who is deemed an affiliate of the company by virtue of a material business, familial or other relationship with the company but is otherwise not an employee, and who sits on a key committee (audit, compensation, nominating or governance). |
■ | Attendance — A nominee who failed to attend at least 75% of the board’s meetings. |
■ | Over Boarding — A nominee who serves on more than five total public company boards or an employee director nominee who serves on more than two total public company boards. |
■ | Committee Membership — A nominee who has been assigned to a key committee if that nominee is not independent of management, or if the nominee does not meet the specific independence and experience requirements for such committees. |
■ | Audit Committee Chair — A nominee who serves as audit committee chair where the committee failed to put forth shareholder proposals for ratification of auditors. |
■ | Board Independence — A nominee of a company whose board as proposed to be constituted would have more than one-third of its members from management. |
■ | Interlocking Directorship — A nominee who is an executive officer of another company on whose board one of the company’s executive officers sits. |
■ | Poor Governance — A nominee involved with, among other things, options backdating, financial restatements or material weakness in controls, approving egregious compensation, or who has consistently disregarded the interests of shareholders. |
Statement of Additional Information – June 1, 2017 | B-1 |
Statement of Additional Information – June 1, 2017 | B-2 |
Statement of Additional Information – June 1, 2017 | B-3 |
Statement of Additional Information – June 1, 2017 | B-4 |
Statement of Additional Information – June 1, 2017 | B-5 |
Statement of Additional Information – June 1, 2017 | B-6 |
Statement of Additional Information – June 1, 2017 | B-7 |
Statement of Additional Information – June 1, 2017 | B-8 |
Statement of Additional Information – June 1, 2017 | B-9 |
Statement of Additional Information – June 1, 2017 | B-10 |
■ | the inability or perceived inability of a government authority to collect sufficient tax or other revenues to meet its payment obligations; |
■ | natural disasters and ecological or environmental concerns; |
■ | the introduction of constitutional or statutory limits on a tax-exempt issuer’s ability to raise revenues or increase taxes; |
■ | the inability of an issuer to pay interest on or to repay principal or securities in which the funds invest during recessionary periods; and |
■ | economic or demographic factors that may cause a decrease in tax or other revenues for a government authority or for private operators of publicly financed facilities. |
Statement of Additional Information – June 1, 2017 | C-1 |
Statement of Additional Information – June 1, 2017 | C-2 |
Statement of Additional Information – June 1, 2017 | C-3 |
Statement of Additional Information – June 1, 2017 | C-4 |
Statement of Additional Information – June 1, 2017 | C-5 |
Statement of Additional Information – June 1, 2017 | C-6 |
Statement of Additional Information – June 1, 2017 | C-7 |
Statement of Additional Information – June 1, 2017 | C-8 |
Statement of Additional Information – June 1, 2017 | C-9 |
Statement of Additional Information – June 1, 2017 | C-10 |
Statement of Additional Information – June 1, 2017 | D-1 |
Statement of Additional Information – June 1, 2017 | D-2 |
■ | Current or retired fund Board members, officers or employees of the funds or Columbia Management or its affiliates (a) ; |
■ | Current or retired Ameriprise Financial Services, Inc. (Ameriprise Financial Services) financial advisors and employees of such financial advisors (a) ; |
■ | Registered representatives and other employees of affiliated or unaffiliated financial intermediaries (and their immediate family members and related trusts or other entities owned by the foregoing) having a selling agreement with the Distributor (a) ; |
■ | Registered broker-dealer firms that have entered into a dealer agreement with the Distributor may buy Class A shares without paying a front-end sales charge for their investment account only; |
■ | Portfolio managers employed by subadvisers of the funds (a) ; |
■ | Partners and employees of outside legal counsel to the funds or to the funds’ directors or trustees who regularly provide advice and services to the funds, or to their directors or trustees; |
■ | Direct rollovers ( i.e. , rollovers of fund shares and not reinvestments of redemption proceeds) from qualified employee benefit plans, provided that the rollover involves a transfer to Class A shares in the same fund; |
■ | Employees of Bank of America, its affiliates and subsidiaries; |
■ | Employees or partners of Columbia Wanger Asset Management, LLC (or their successors); |
■ | For Class V shares only: Shareholders who (i) bought Galaxy fund Retail A shares at net asset value and received Class V shares (formerly known as Class T shares, as stated above, which have no relation to, or connection with, Class T shares in effect on March 10, 2017) in exchange for those shares during the Galaxy/Liberty fund reorganization; and (ii) continue to maintain the account in which the Retail A shares were originally bought; and Boston 1784 fund shareholders on the date that those funds were reorganized into Galaxy funds; |
■ | Separate accounts established and maintained by an insurance company which are exempt from registration under Section 3(c)(11); |
Statement of Additional Information – June 1, 2017 | S-1 |
■ | At a fund’s discretion, front-end sales charges may be waived for shares issued in plans of reorganization, such as mergers, asset acquisitions and exchange offers, to which the fund is a party; |
■ | Purchases by registered representatives and employees (and their immediate family members and related trusts or other entities owned by the foregoing (referred to as “Related Persons”)) of Ameriprise Financial Services and its affiliates; provided that with respect to employees (and their Related Persons) of an affiliate of Ameriprise Financial, such persons must make purchases through an account held at Ameriprise Financial or its affiliates. |
■ | Participants of “eligible employee benefit plans” including 403(b) plans for which Ameriprise Financial Services serves as broker-dealer, and the school district or group received a written proposal from Ameriprise Financial Services between November 1, 2007 and December 31, 2008 (each a Qualifying 403(b) Plan). In order for participants in one of these 403(b) plans to receive this waiver, at least one participant account of the 403(b) plan must have been funded at Ameriprise Financial Services prior to December 31, 2009. This waiver may be discontinued for any Qualifying 403(b) Plan, in the sole discretion of the Distributor. |
■ | Through or under a wrap fee product or other investment product sponsored by a financial intermediary that charges an account management fee or other managed agency/asset allocation accounts or programs involving fee-based compensation arrangements that have or that clear trades through a financial intermediary that has a selling agreement with the Distributor; |
■ | Through state sponsored college savings plans established under Section 529 of the Internal Revenue Code; |
■ | Through banks, trust companies and thrift institutions, acting as fiduciaries; or |
■ | Through “employee benefit plans” created under Section 401(a), 401(k), 457 and 403(b), and qualified deferred compensation plans, that have a plan level or omnibus account maintained with the fund or the Transfer Agent and transacts directly with the fund or the Transfer Agent through a third party administrator or third party recordkeeper. |
(a) | Including their spouses or domestic partners, children or step-children, parents, step-parents or legal guardians, and their spouse’s or domestic partner’s parents, step-parents, or legal guardians. |
■ | In the event of the shareholder’s death; |
■ | For which no sales commission or transaction fee was paid to an authorized financial intermediary at the time of purchase; |
■ | Purchased through reinvestment of dividend and capital gain distributions; |
■ | In an account that has been closed because it falls below the minimum account balance; |
■ | That result from required minimum distributions taken from retirement accounts upon the shareholder’s attainment of age 70½; |
■ | That result from returns of excess contributions made to retirement plans or individual retirement accounts, so long as the financial intermediary returns the applicable portion of any commission paid by the Distributor; |
■ | Of Class A shares of a fund initially purchased by an employee benefit plan; |
■ | Other than Class A shares of a fund initially purchased by an employee benefit plan that are not connected with a plan level termination; |
■ | In connection with the fund’s Small Account Policy (as described in the prospectus); and |
■ | At a fund’s discretion, issued in connection with plans of reorganization, including but not limited to mergers, asset acquisitions and exchange offers, to which the fund is a party. |
Statement of Additional Information – June 1, 2017 | S-2 |
■ | Any client of Bank of America or one of its subsidiaries buying shares through an asset management company, trust, fiduciary, retirement plan administration or similar arrangement with Bank of America or the subsidiary. |
■ | Any employee (or family member of an employee) of Bank of America or one of its subsidiaries. |
■ | Any investor buying shares through a Columbia Management state tuition plan organized under Section 529 of the Internal Revenue Code. |
■ | Any trustee or director (or family member of a trustee or director) of a fund distributed by the Distributor. |
■ | Class B shares are converted on or about the 15th day of the month that they become eligible for conversion. For purposes of determining the month when your Class B shares are eligible for conversion, the start of the holding period is the first day of the month in which your purchase was made. |
■ | Any shares you received from reinvested distributions on these shares generally will convert to Class A shares at the same time. |
■ | You’ll receive the same dollar value of Class A shares as the Class B shares that were converted. Class B shares that you received from an exchange of Class B shares of another fund will convert based on the day you bought the original shares. |
■ | No sales charge or other charges apply, and conversions are free from U.S. federal income tax. |
Statement of Additional Information – June 1, 2017 | S-3 |
PART C. OTHER INFORMATION
Item 28. Exhibits
(a)(1) | Agreement and Declaration of Trust effective January 27, 2006, is incorporated by reference to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)), filed on February 8, 2006. |
(a)(2) | Amendment No. 1 to the Agreement and Declaration of Trust, dated September 11, 2007, is incorporated by reference to Post-Effective Amendment No. 5 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(2)), filed on October 2, 2007. |
(a)(3) | Amendment No. 2 to the Agreement and Declaration of Trust, dated January 8, 2009, is incorporated by reference to Post-Effective Amendment No. 8 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(3)), filed on January 27, 2009. |
(a)(4) | Amendment No. 3 to the Agreement and Declaration of Trust, dated August 9, 2010, is incorporated by reference to Post-Effective Amendment No. 19 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(4)), filed on March 4, 2011. |
(a)(5) | Amendment No. 4 to the Agreement and Declaration of Trust, dated January 13, 2011, is incorporated by reference to Post-Effective Amendment No. 19 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(5)), filed on March 4, 2011. |
(a)(6) | Amendment No. 5 to the Agreement and Declaration of Trust, dated April 14, 2011, is incorporated by reference to Post-Effective Amendment No. 33 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(6)), filed on July 29, 2011. |
(a)(7) | Amendment No. 6 to the Agreement and Declaration of Trust, dated January 12, 2012, is incorporated by reference to Post-Effective Amendment No. 52 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(7)), filed on February 24, 2012. |
(a)(8) | Amendment No. 7 to the Agreement and Declaration of Trust, dated December 12, 2012, is incorporated by reference to Post-Effective Amendment No. 87 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(8)), filed on May 30, 2013. |
(a)(9) | Amendment No. 8 to the Agreement and Declaration of Trust, dated November 20, 2013, is incorporated by reference to Post-Effective Amendment No. 99 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(9)), filed on November 27, 2013. |
(a)(10) | Amendment No. 9 to the Agreement and Declaration of Trust, dated April 11, 2014, is incorporated by reference to Post-Effective Amendment No. 107 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(10)), filed on April 23, 2014. |
(a)(11) | Amendment No. 10 to the Agreement and Declaration of Trust, dated June 17, 2014, is incorporated by reference to Post-Effective Amendment No. 112 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(11)), filed on June 27, 2014. |
(a)(12) | Amendment No. 11 to the Agreement and Declaration of Trust, dated September 15, 2014, is incorporated by reference to Post-Effective Amendment No. 118 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(12)), filed on September 26, 2014. |
(a)(13) | Amendment No. 12 to the Agreement and Declaration of Trust, dated January 28, 2015, is incorporated by reference to Post-Effective Amendment No. 125 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(13)), filed on February 27, 2015. |
(a)(14) | Amendment No. 13 to the Agreement and Declaration of Trust, dated April 14, 2015, is incorporated by reference to Post-Effective Amendment No. 128 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(14)), filed on May 28, 2015. |
(a)(15) | Amendment No. 14 to the Agreement and Declaration of Trust, dated December 15, 2015, is incorporated by reference to Post-Effective Amendment No. 139 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(15)), filed on December 21, 2015. |
(a)(16) | Amendment No. 15 to the Agreement and Declaration of Trust, dated April 19, 2016, is incorporated by reference to Post-Effective Amendment No. 143 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(16)), filed on May 27, 2016. |
(a)(17) | Amendment No. 16 to the Agreement and Declaration of Trust, dated June 14, 2016, is incorporated by reference to Post-Effective Amendment No. 145 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(17)), filed on June 27, 2016. |
(a)(18) | Amendment No. 17 to the Agreement and Declaration of Trust, dated November 14, 2016, is incorporated by reference to Post-Effective Amendment No. 154 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(18)), filed on November 23, 2016. |
(a)(19) | Amendment No. 18 to the Agreement and Declaration of Trust, dated March 13, 2017, is incorporated by reference to Post-Effective Amendment No. 160 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (a)(19)), filed on March 30, 2017. |
(b) | By-laws as amended February 10, 2016, are incorporated by reference to Post-Effective Amendment No. 143 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (b)), filed on May 27, 2016. |
(c) | Stock Certificate: Not Applicable. |
(d)(1) | Management Agreement (amended and restated), dated April 25, 2016, between Columbia Management Investment Advisers, LLC, the Registrant, Columbia Funds Series Trust and Columbia Funds Variable Series Trust II, is incorporated by reference to Post-Effective Amendment No. 50 to Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (d)(1)), filed on April 28, 2016. |
(d)(2) | Schedule A and Schedule B, effective May 1, 2017, to the Management Agreement between Columbia Management Investment Advisers, LLC, the Registrant, Columbia Funds Series Trust and Columbia Funds Variable Series Trust II, effective April 25, 2016, are incorporated by reference to Post-Effective Amendment No. 55 Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (d)(2)), filed on April 27, 2017. |
(d)(3) | Management Agreement between Columbia Management Investment Advisers, LLC and CCSF Offshore Fund, Ltd., a wholly-owned subsidiary of Columbia Commodity Strategy Fund, a series of the Registrant, effective October 1, 2015, is incorporated by reference to Post-Effective Amendment No. 134 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (d)(6)), filed on September 28, 2015. |
(d)(4) | Subadvisory Agreement between Columbia Management Investment Advisers, LLC and Diamond Hill Capital Management, Inc., dated September 14, 2016, is incorporated by reference to Post-Effective Amendment No. 150 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (d)(4)), filed on September 28, 2016. |
(d)(5) | Subadvisory Agreement between Columbia Management Investment Advisers, LLC and Dimensional Fund Advisors, L.P., dated September 23, 2011, last amended December 5, 2013, is incorporated by reference to Post-Effective Amendment No. 39 to Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (d)(9)), filed on May 15, 2014. |
(d)(6) | Amendment No. 2, as of June 5, 2014, to the Subadvisory Agreement, dated September 23, 2011, amended December 5, 2013, between Columbia Management Investment Advisers, LLC and Dimensional Fund Advisors, L.P., is incorporated by reference to Post-Effective Amendment No. 41 to Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (d)(10)), filed on August 20, 2014. |
(d)(7) | Amended and Restated Subadvisory Agreement between Columbia Management Investment Advisers, LLC and Threadneedle International Limited, dated June 11, 2008, last amended January 16, 2013, is incorporated by reference to Post-Effective Amendment No. 39 to Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (d)(27)), filed on May 15, 2014. |
(e)(1) | Distribution Agreement between Columbia Management Investment Distributors, Inc. and the Registrant, dated March 1, 2016 is incorporated by reference to Post-Effective Amendment No. 143 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (e)(1)), filed on May 27, 2016. |
(e)(2) | Schedule I, as of March 1, 2016, and Schedule II, as of September 7, 2010, to the Distribution Agreement between Columbia Management Investment Distributors, Inc. and the Registrant, dated March 1, 2016, are incorporated by reference to Post-Effective Amendment No. 143 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (e)(2)), filed on May 27, 2016. |
(e)(3) | Form of Mutual Fund Sales Agreement is incorporated by reference to Post-Effective Amendment No. 293 to Registration Statement No. 2-99356 of Columbia Funds Series Trust I on Form N-1A (Exhibit (e)(2)), filed on March 29, 2017. |
(f) | Deferred Compensation Plan, adopted as of December 31, 2011, is incorporated by reference to Post-Effective Amendment No. 52 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (f)), filed on February 24, 2012. |
(g)(1) | Second Amended and Restated Master Global Custody Agreement with JPMorgan Chase Bank, N.A., dated March 7, 2011, is incorporated by reference to Post-Effective Amendment No. 39 to Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (g)(1)), filed on May 15, 2014. |
(g)(2) | Addendum (related to Columbia Commodity Strategy Fund), dated July 15, 2011, Addendum (related to Columbia Flexible Capital Income Fund), dated July 15, 2011, Addendum (related to Multi-Manager Value Strategies Fund, formerly known as Active Portfolios ® Multi-Manager Value Fund and Columbia Active Portfolios Diversified Equity Income Fund), dated March 9, 2012, and Addendum (related to Columbia Mortgage Opportunities Fund), dated March 7, 2014, to the Second Amended and Restated Master Global Custody Agreement with JPMorgan Chase Bank, N.A., dated March 7, 2011, are incorporated by reference to Post-Effective Amendment No. 109 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (g)(2)), filed on May 30, 2014. |
(g)(3) | Side letter (related to the China Connect Service on behalf of Columbia Global Opportunities Fund), dated December 19, 2014, to the Second Amended and Restated Master Global Custody Agreement with JPMorgan Chase Bank, N.A., dated March 7, 2011, is incorporated by reference to Post-Effective Amendment No. 125 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (g)(3)), filed on February 27, 2015. |
(g)(4) | Addendum, effective April 4, 2016, to the Second Amended and Restated Master Global Custody Agreement with JP Morgan Chase Bank, N.A., dated March 7, 2011, is incorporated by reference to Post-Effective Amendment No. 297 to Registration Statement No. 2-99356 of Columbia Funds Series Trust I on Form N-1A (Exhibit (g)(7)), filed on May 30, 2017. |
(h)(1) | Transfer and Dividend Disbursing Agent Agreement between Columbia Management Investment Services Corp. and the Registrant, dated March 1, 2016, is filed herewith as Exhibit (h)(1) to Post-Effective Amendment No. 162 to Registration Statement No. 333-131683 of the Registrant on Form N-1A. |
(h)(2) | Schedule A and Schedule B, effective January 1, 2017, to the Transfer and Dividend Disbursing Agent Agreement, dated March 1, 2016, are incorporated by reference to Post-Effective Amendment No. 158 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (h)(2)), filed on February 27, 2017. |
(h)(3) | Plan Administration Services Agreement between Columbia Management Investment Services Corp. and the Registrant, dated December 1, 2006, amended and restated September 13, 2012, is incorporated by reference to Post-Effective Amendment No. 107 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (h)(5)), filed on April 23, 2014. |
(h)(4) | Exhibit A, as of May 1, 2015, to the Plan Administration Services Agreement between Columbia Management Investment Services Corp. and the Registrant, dated December 1, 2006, amended and restated September 13, 2012, is incorporated by reference to Post-Effective Amendment No. 128 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (h)(7)), filed on May 28, 2015. |
(h)(5) | Amended and Restated Fee Waiver and Expense Cap Agreement, effective July 1, 2016, by and among Columbia Management Investment Advisers, LLC, Columbia Management Investment Distributors, Inc., Columbia Management Investment Services Corp., the Registrant, Columbia Funds Series Trust and Columbia Funds Variable Series Trust II, is incorporated by reference to Post-Effective Amendment No. 145 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (h)(5)), filed on June 27, 2016. |
(h)(6) | Schedule A, as of May 1, 2017, to the Amended and Restated Fee Waiver and Expense Cap Agreement, effective July 1, 2016, by and among Columbia Management Investment Advisers, LLC, Columbia Management Investment Distributors, Inc., Columbia Management Investment Services Corp., the Registrant, Columbia Funds Series Trust and Columbia Funds Variable Series Trust II, is incorporated by reference to Post-Effective Amendment No. 55 to Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (h)(4)), filed on April 27, 2017. |
(h)(7) | Agreement and Plan of Reorganization, dated December 20, 2010, is incorporated by reference to Post-Effective Amendment No. 15 to Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (h)(9)), filed on April 29, 2011. |
(h)(8) | Agreement and Plan of Reorganization, dated October 9, 2012, is incorporated by reference to Post-Effective Amendment No. 87 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (h)(6)), filed on May 30, 2013. |
(h)(9) | Agreement and Plan of Redomiciling, dated December 20, 2010, is incorporated by reference to Post-Effective Amendment No. 15 to Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (h)(10)), filed on April 29, 2011. |
(h)(10) | Agreement and Plan of Reorganization, dated December 17, 2015, is incorporated by reference to Registration Statement No. 333-208706 of Columbia Funds Series Trust on Form N-14 (Exhibit (4)), filed on December 22, 2015. |
(h)(11) | Amended and Restated Credit Agreement as of December 9, 2014, is incorporated by reference to Post-Effective Amendment No. 225 to Registration Statement No. 2-99356 of Columbia Funds Series Trust I on Form N-1A (Exhibit (h)(14)), filed on April 16, 2015. |
(h)(12) | Restated Credit Agreement, as of December 8, 2015, is incorporated by reference to Post-Effective Amendment No. 256 to Registration Statement No. 2-99356 of Columbia Funds Series Trust I on Form N-1A (Exhibit (h)(9)(i)), filed on April 11, 2016. |
(h)(13) | Restated Credit Agreement, as of December 6, 2016, is incorporated by reference to Post-Effective Amendment No. 297 to Registration Statement No. 2-99356 of Columbia Funds Series Trust I on Form N-1A (Exhibit (h)(8)(ii)), filed on May 30, 2017. |
(h)(14) | Amendment to the Credit Agreement, dated April 25, 2017, is incorporated by reference to Post-Effective Amendment No. 297 to Registration Statement No. 2-99356 of Columbia Funds Series Trust I on Form N-1A (Exhibit (h)(8)(iii)), filed on May 30, 2017. |
(i)(1) | Opinion and consent of counsel as to the legality of the securities being registered is incorporated by reference to Post-Effective Amendment No. 92 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (i)), filed on August 28, 2013. |
(i)(2) | Opinion and consent of counsel as to the legality of the securities being registered for Columbia Mortgage Opportunities Fund is incorporated by reference to Post-Effective Amendment No. 107 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (i)), filed on April 23, 2014. |
(j) | Consent of PricewaterhouseCoopers LLP is filed herewith as Exhibit (j) to Post-Effective Amendment No. 162 to Registration Statement No. 333-131683 of the Registrant on Form N-1A. |
(k) | Omitted Financial Statements: Not Applicable. |
(l) | Initial Capital Agreement: Not Applicable. |
(m)(1) | Plan of Distribution and Amended and Restated Agreement of Distribution between Columbia Management Investment Distributors, Inc. and the Registrant, dated November 7, 2008, amended and restated September 27, 2010, is incorporated by reference to Post-Effective Amendment No. 107 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (m)(1)), filed on April 23, 2014. |
(m)(2) | Schedule A, dated February 15, 2017, to the Plan of Distribution and Amended and Restated Agreement of Distribution between Columbia Management Investment Distributors, Inc. and the Registrant, dated November 7, 2008, amended and restated September 27, 2010, is filed herewith as Exhibit (m)(2) to Post-Effective Amendment No. 162 to Registration Statement No. 333-131683 of the Registrant on Form N-1A. |
(m)(3) | Shareholder Services Plan (Class V (formerly known as Class T) Shares) is incorporated by reference to Post-Effective Amendment No. 130 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (m)(3)), filed on June 26, 2015. |
(m)(4) | Shareholder Servicing Plan Implementation Agreement (Class V (formerly known as Class T) Shares) is incorporated by reference to Post-Effective Amendment No. 130 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (m)(4)), filed on June 26, 2015. |
(m)(5) | Schedule I, effective December 1, 2014, to Shareholder Servicing Plan Implementation Agreement (Class V (formerly known as Class T Shares) is incorporated by reference to Post-Effective Amendment No. 120 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (m)(5)), filed on November 25, 2014. |
(n) | Rule 18f 3 Multi-Class Plan, amended and restated as of February 15, 2017, is filed herewith as Exhibit (n) to Post-Effective Amendment No. 162 to Registration Statement No. 333-131683 of the Registrant on Form N-1A. |
(o) | Reserved. |
(p)(1) | Columbia Funds Family Code of Ethics, effective April 14, 2014, is incorporated by reference to Post-Effective Amendment No. 39 to Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (p)(1)), filed on May 15, 2014. |
(p)(2) | Ameriprise Global Asset Management Personal Trading Account Dealing and Code of Ethics Policy, effective December 15, 2016, is incorporated by reference to Post-Effective Amendment No. 288 to Registration Statement No. 2-99356 of Columbia Funds Series Trust I on Form N-1A (Exhibit (p)(2)), filed on February 7, 2017. |
(p)(3) | Diamond Hill Capital Management, Inc. Code of Ethics, effective December 31, 2013, is incorporated by reference to Post-Effective Amendment No. 150 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (p)(3)), filed on September 28, 2016. |
(p)(4) | Dimensional Fund Advisors, L.P. Code of Ethics, effective date January 1, 2016, is incorporated by reference to Post-Effective Amendment No. 50 to Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (p)(8)), filed on April 28, 2016. |
(p)(5) | Dimensional Fund Advisors, L.P. Code of Ethics, effective January 1, 2017, is incorporated by reference to Post-Effective Amendment No. 55 to Registration Statement No. 333-146374 of Columbia Funds Variable Series Trust II on Form N-1A (Exhibit (p)(9)), filed on April 27, 2017. |
(q)(1) | Trustees Power of Attorney to sign Amendments to this Registration Statement, dated February 2, 2017, is incorporated by reference to Post-Effective Amendment No. 158 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (q)(1)), filed on February 27, 2017. |
(q)(2) | Power of Attorney for Michael G. Clarke, dated May 23, 2016, is incorporated by reference to Post-Effective Amendment No. 143 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (q)(2)), filed on May 27, 2016. |
(q)(3) | Power of Attorney for Christopher O. Petersen, dated February 16, 2015, is incorporated by reference to Post-Effective Amendment No. 125 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (q)(4)), filed on February 27, 2015. |
(q)(4) | Power of Attorney for Amy K. Johnson, dated May 11, 2016, is incorporated by reference to Post-Effective Amendment No. 150 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (q)(4)), filed on September 28, 2016. |
(q)(5) | Power of Attorney for Anthony P. Haugen, dated May 11, 2016, is incorporated by reference to Post-Effective Amendment No. 150 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (q)(5)), filed on September 28, 2016. |
Item 29. Persons Controlled by or Under Common Control with the Registrant
Columbia Management Investment Advisers, LLC (the investment manager or Columbia Management), as sponsor of the Columbia funds, may make initial capital investments in Columbia funds (seed accounts). Columbia Management also serves as investment manager of certain Columbia funds-of-funds that invest primarily in shares of affiliated funds (the underlying funds). Columbia Management does not make initial capital investments or invest in underlying funds for the purpose of exercising control. However, since these ownership interests may be significant, in excess of 25%, such that Columbia Management may be deemed to control certain Columbia funds, procedures have been put in place to assure that public shareholders determine the outcome of all actions taken at shareholder meetings. Specifically, Columbia Management (which votes proxies for the seed accounts) and the Boards of Trustees of the affiliated funds-of-funds (which votes proxies for the affiliated funds-of-funds) vote on each proposal in the same proportion as the vote of the direct public shareholders vote; provided, however, that if there are no direct public shareholders of an underlying fund or if direct public shareholders represent only a minority interest in an underlying fund, the Fund may cast votes in accordance with instructions from the independent members of the Board.
Item 30. Indemnification
Article VII of the Registrants Agreement and Declaration of Trust, as amended, provides that no trustee or officer of the Registrant shall be subject to any liability to any person in connection with Registrant property or the affairs of the Registrant, and no trustee shall be responsible or liable in any event for any neglect or wrongdoing of any officer, agent, employee, investment adviser or principal underwriter of the Registrant or for the act or omission of any other trustee, all as more fully set forth in the Agreement and Declaration of Trust, which is filed as an exhibit to this registration statement. Article X of the Registrants Bylaws provides that each person made or threatened to be made a party to or is involved in any actual or threatened proceeding by reason of the former or present capacity as a trustee or officer of the Registrant or who, while a trustee or officer, is or was serving at the request of the Registrant or whose duties as a trustee or officer involve or involved service as a director, officer, partner, trustee or agent of another organization or employee benefit plan whether the basis of any proceeding is alleged action in an official capacity or in any capacity while serving as a director, officer, partner, trustee or agent, shall be indemnified by the Registrant, under specified circumstances, all as more fully set forth in the Bylaws, which are filed as an exhibit to the registration statement.
Section 17(h) of the Investment Company Act of 1940 (1940 Act) provides that no instrument pursuant to which Registrant is organized or administered shall contain any provision which protects or purports to protect any trustee or officer of Registrant against any liability to Registrant or its shareholders to which he or she would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his or her office.
The Registrants Declaration of Trust provides that nothing in the Declaration of Trust shall protect any trustee or officer against any liabilities to the Registrant or its shareholders to which he or she would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office or position with or on behalf of the Registrant and the Registrants Bylaws provides that no indemnification will be made in violation of the provisions of the 1940 Act.
Pursuant to the Distribution Agreement, Columbia Management Investment Distributors, Inc. agrees to indemnify the Registrant, its officers and trustees against claims, demands, liabilities and expenses under specified circumstances, all as more fully set forth in the Registrants Distribution Agreement, which has been filed as an exhibit to the registration statement.
The Registrant may be party to other contracts that include indemnification provisions for the benefit of the Registrants trustees and officers.
The trustees and officers of the Registrant and the personnel of the Registrants investment adviser and principal underwriter are insured under an errors and omissions liability insurance policy. Registrants investment adviser, Columbia Management Investment Advisers, LLC, maintains investment advisory professional liability insurance to insure it, for the benefit of Registrant and its non-interested trustees, against loss arising out of any effort, omission, or breach of any duty owed to Registrant or any series of Registrant by Columbia Management Investment Advisers, LLC.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the 1933 Act) may be permitted to trustees, officers and controlling persons of the Registrant by the Registrant pursuant to the Registrants organizational instruments or otherwise, the Registrant is aware that in the opinion of the Securities and Exchange Commission (SEC), such indemnification is against public policy as expressed in the 1933 Act and, therefore, is unenforceable.
Item 31. Business and Other Connections of the Investment Adviser
To the knowledge of the Registrant, none of the directors or officers of Columbia Management Investment Advisers, LLC (Columbia Management), the Registrants investment adviser, or any subadviser to a series of the Registrant, except as set forth below, are or have been, at any time during the Registrants past two fiscal years, engaged in any other business, profession, vocation or employment of a substantial nature.
(a) | Columbia Management, a wholly owned subsidiary of Ameriprise Financial, Inc., performs investment advisory services for the Registrant and certain other clients. Information regarding the business of Columbia Management and the directors and principal officers of Columbia Management is also included in the Form ADV filed by Columbia Management with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-25943), which is incorporated herein by reference. In addition to their position with Columbia Management, certain directors and officers of Columbia Management also hold various positions with, and engage in business for, Ameriprise Financial, Inc. or its other subsidiaries. |
(b) | Diamond Hill Capital Management, Inc. performs investment management services for the Registrant and certain other clients. Information regarding the business of Diamond Hill Capital Management, Inc. is set forth in the Prospectuses and Statement of Additional Information of the Registrants series that are subadvised by Diamond Hill Capital Management, Inc. and is incorporated herein by reference. Information about the business of Diamond Hill Capital Management, Inc. and the directors and principal executive officers of Diamond Hill Capital Management, Inc. is also included in the Form ADV filed by Diamond Hill Capital Management, Inc. with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-32176), which is incorporated herein by reference. |
(c) | Dimensional Fund Advisors, L.P. performs investment management services for the Registrant and certain other clients. Information regarding the business of Dimensional Fund Advisors, L.P. is set forth in the Prospectuses and Statement of Additional Information of the Registrants series that are subadvised by Dimensional Fund Advisors, L.P. and is incorporated herein by reference. Information about the business of Dimensional Fund Advisors, L.P. and the directors and principal executive officers of Dimensional Fund Advisors, L.P. is also included in the Form ADV filed by Dimensional Fund Advisors, L.P. with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-16283), which is incorporated herein by reference. |
(d) | Threadneedle International Limited performs investment management services for the Registrant and certain other clients. Information regarding the business of Threadneedle International Limited is set forth in the Prospectuses and Statement of Additional Information of the Registrants series that are subadvised by Threadneedle International Limited and is incorporated herein by reference. Information about the business of Threadneedle International Limited and the directors and principal executive officers of Threadneedle International Limited is also included in the Form ADV filed by Threadneedle International Limited with the SEC pursuant to the Investment Advisers Act of 1940 (File No. 801-63196), which is incorporated herein by reference. |
Item 32. Principal Underwriter
(a) | Columbia Management Investment Distributors, Inc. acts as principal underwriter for the following investment companies, including the Registrant: |
Columbia Acorn Trust; Columbia Funds Series Trust; Columbia Funds Series Trust I; Columbia Funds Series Trust II; Columbia Funds Variable Series Trust II; Columbia Funds Variable Insurance Trust and Wanger Advisors Trust.
(b) | As to each director, principal officer or partner of Columbia Management Investment Distributors, Inc. |
Name and Principal Business Address* |
Position and Offices with Principal Underwriter |
Positions and Offices with Registrant |
||
William F. Truscott | Chief Executive Officer | Board Member, Senior Vice President | ||
Joseph Kringdon | President and Head of Intermediary Distribution | None | ||
Jeffrey F. Peters | Managing Director and Head of Global Institutional Distribution | None | ||
Jeffrey J. Scherman | Chief Financial Officer | None | ||
Michael E. DeFao | Vice President, Chief Legal Officer and Assistant Secretary | Vice President and Assistant Secretary | ||
Stephen O. Buff | Vice President, Chief Compliance Officer | None | ||
James Bumpus | Vice President National Sales Manager | None | ||
Joe Feloney | Vice President National Sales Manager U.S. Trust/Private Wealth Management | None | ||
Thomas A. Jones | Vice President and Head of Strategic Relations | None | ||
Gary Rawdon | Vice President Sales Governance and Administration | None | ||
Leslie A. Walstrom | Vice President and U.S. Head of Marketing | None | ||
Thomas R. Moore | Secretary | None | ||
Paul B. Goucher | Vice President and Assistant Secretary | Senior Vice President, Chief Legal Officer and Assistant Secretary | ||
Tara W. Tilbury | Vice President and Assistant Secretary | Assistant Secretary | ||
Nancy W. LeDonne | Vice President and Assistant Secretary | None | ||
Ryan C. Larrenaga | Vice President and Assistant Secretary | Vice President and Secretary | ||
Joseph L. DAlessandro | Vice President and Assistant Secretary | Assistant Secretary | ||
Christopher O. Petersen | Vice President and Assistant Secretary | President and Principal Executive Officer | ||
Shweta J. Jhanji | Treasurer | None | ||
Michael Tempesta | Anti-Money Laundering Officer and Identity Theft Prevention Officer | None | ||
Kevin Wasp | Ombudsman | None | ||
Kristin Weisser | Conflicts Officer | None |
* | The principal business address of Columbia Management Investment Distributors, Inc. is 225 Franklin Street, Boston, MA 02110. |
(c) Not Applicable.
Item 33. Location of Accounts and Records
Persons maintaining physical possession of accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder include:
| Registrant, 225 Franklin Street, Boston, MA, 02110; |
| Registrants investment adviser and administrator, Columbia Management Investment Advisers, LLC, 225 Franklin Street, Boston, MA 02110; |
| Registrants subadviser, Diamond Hill Capital Management, Inc., 325 John H. McConnell Boulevard, Suite 200, Columbus, OH 43215; |
| Registrants subadviser, Dimensional Fund Advisors, L.P., 6300 Bee Cave Road, Building One, Austin, TX 78746; |
| Registrants subadviser, Threadneedle International Limited, Cannon Place, 78 Cannon Street, London EC4N 6AG, UK; |
| Former subadviser, Barrow, Hanley, Mewhinney & Strauss, LLC, 2200 Ross Avenue, 31 st Floor, Dallas, TX 75201; |
| Former subadviser, Donald Smith & Co., Inc., 152 West 57 th Street, 22 nd Floor, New York, NY 10019; |
| Former subadviser, Marsico Capital Management, LLC, 1200 17 th Street, Suite 1600, Denver, CO 80202; |
| Former subadviser, Metropolitan West Capital Management, LLC, 610 Newport Center Drive, Suite 1000, Newport Beach, CA 92660; |
| Former subadviser, Segall Bryant & Hamill, LLC, 540 West Madison Street, Suite 1900, Chicago, IL 60661-2551; |
| Former subadviser, Turner Investments, L.P., 1205 Westlakes Drive, Suite 100, Berwyn, PA 19312; |
| Registrants principal underwriter, Columbia Management Investment Distributors, Inc., 225 Franklin Street, Boston, MA 02110; |
| Registrants transfer agent, Columbia Management Investment Services Corp., 225 Franklin Street, Boston, MA 02110; and |
| Registrants custodian, JPMorgan Chase Bank, N.A., 1 Chase Manhattan Plaza, New York, NY 10005. |
In addition, Iron Mountain Records Management is an off-site storage facility housing historical records that are no longer required to be maintained on-site. Records stored at this facility include various trading and accounting records, as well as other miscellaneous records. The address for Iron Mountain Records Management is 920 & 950 Apollo Road, Eagan, MN 55121.
Item 34. Management Services
Not Applicable.
Item 35. Undertakings
Not Applicable.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant,
COLUMBIA FUNDS SERIES TRUST II, certifies that it meets all of the requirements for effectiveness of this Amendment to its Registration Statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Minneapolis, and The State of Minnesota on the 30 th day of May, 2017.
COLUMBIA FUNDS SERIES TRUST II | ||||
By: |
/s/ Christopher O. Petersen |
|||
Christopher O. Petersen President |
Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed below by the following persons in the capacities indicated on the 30 th day of May, 2017.
Signature | Capacity | Signature | Capacity | |||
/s/ Christopher O. Petersen Christopher O. Petersen |
President (Principal Executive Officer) |
/s/ Patricia M. Flynn* Patricia M. Flynn |
Trustee | |||
/s/ Michael G. Clarke* Michael G. Clarke |
Chief Financial Officer (Principal Financial Officer) Chief Accounting Officer (Principal Accounting Officer) |
/s/ Catherine James Paglia* Catherine James Paglia |
Trustee | |||
/s/ William A. Hawkins* William A. Hawkins |
Chair of the Board |
/s/ Anthony M. Santomero* Anthony M. Santomero |
Trustee | |||
/s/ George S. Batejan* George S. Batejan |
Trustee |
/s/ Minor M. Shaw* Minor M. Shaw |
Trustee | |||
/s/ Kathleen A. Blatz* Kathleen A. Blatz |
Trustee |
/s/ John G. Taft* John G. Taft |
Trustee | |||
/s/ Edward J. Boudreau, Jr.* Edward J. Boudreau, Jr. |
Trustee |
/s/ Alison Taunton-Rigby* Alison Taunton-Rigby |
Trustee | |||
/s/ Pamela G. Carlton* Pamela G. Carlton |
Trustee |
/s/ William F. Truscott* William F. Truscott |
Trustee | |||
/s/ William P. Carmichael* William P. Carmichael |
Trustee |
* | By: |
/s/ Joseph DAlessandro |
||
Name: | Joseph DAlessandro** | |||
Attorney-in-fact |
** | Executed by Joseph DAlessandro on behalf of Michael G. Clarke pursuant to a Power of Attorney, dated May 23, 2016, and incorporated by reference to Post-Effective Amendment No. 143 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (q)(2)), filed with the Commission on May 27, 2016, and on behalf of each of the Trustees pursuant to a Trustees Power of Attorney, dated February 2, 2017 and incorporated by reference to Post-Effective Amendment No. 158 to Registration Statement No. 333-131683 of the Registrant on Form N-1A (Exhibit (q)(1)), filed with the Commission on February 27, 2017. |
Exhibit Index
(h)(1) | Transfer and Dividend Disbursing Agent Agreement between Columbia Management Investment Services Corp. and the Registrant, dated March 1, 2016. |
(j) | Consent of PricewaterhouseCoopers LLP. |
(m)(2) | Schedule A, dated February 15, 2017, to the Plan of Distribution and Amended and Restated Agreement of Distribution between Columbia Management Investment Distributors, Inc. and the Registrant, dated November 7, 2008, amended and restated September 27, 2010. |
(n) | Rule 18f 3 Multi-Class Plan, amended and restated as of February 15, 2017. |
TA Agreement CFST II
TRANSFER AND DIVIDEND DISBURSING AGENT AGREEMENT
This agreement (the Agreement) is made as of March 1, 2016, by and between the trust or the corporation acting on behalf of their series all as listed on Schedule A hereto (as the same may from time to time be amended to add or delete one or more series of such trusts or corporations) (each such trust and corporation being hereinafter referred to as a Trust and each series of a Trust, if any, being hereinafter referred to as a Fund with respect to that Trust, but for any Trust that does not have any separate series, then any reference to the Fund is a reference to that Trust), and Columbia Management Investment Services Corp., a Minnesota corporation (CMISC) and amends and restates the Transfer and Dividend Disbursing Agent Agreement dated September 7, 2010, by and between the Trust on behalf of each Fund and CMISC.
WHEREAS, each Trust is a registered investment company and desires that CMISC perform certain services for the Funds; and
WHEREAS, CMISC is willing to perform such services upon the terms and subject to the conditions set forth herein.
NOW THEREFORE, in consideration of the mutual promises and covenants set forth herein, the parties hereto agree as follows:
1. Appointment . Each Trust hereby appoints CMISC to act as Transfer Agent and Dividend Disbursing Agent for the Funds, and CMISC accepts such appointments and will perform the respective duties and functions of such appointments, and also agrees to act as agent for the Funds shareholders in connection with the shareholder plans and services described in paragraphs 12 and 13, below, in the manner hereinafter set forth.
2. Compensation . Each Trust shall pay to CMISC, or to such person(s) as CMISC may from time to time instruct, for services rendered and costs incurred in connection with the performance of duties hereunder, such compensation and reimbursement as may from time to time be approved by the Board of Trustees/Directors (the Board) of the Trust.
Schedule B hereto sets forth the compensation and reimbursement arrangements to be effective as of the date of this Agreement, and the treatment of all interest earned with respect to balances in the accounts maintained by CMISC referred to in paragraphs 5, 9 and 10 of this Agreement, net of any charges imposed by the bank(s) at which CMISC maintains such accounts.
3. Copies of Documents . Each Trust will furnish CMISC with copies of the following documents: the Declaration of Trust of the Trust and all amendments thereto; and the Trusts registration statement (the Registration Statement) as in effect on the date hereof under the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, and all amendments or supplements thereto hereafter filed. The prospectus(es) and statement(s) of additional information contained in each such Registration Statement, as from time to time amended and supplemented, together are herein collectively referred to as the Prospectus.
4. Lost or Destroyed Certificates . In case of the alleged loss or destruction of any shareholder certificate, no new certificate shall be issued in lieu thereof. CMISC shall cancel such lost or destroyed certificate, and, provided that the purported holder of such lost or destroyed certificate furnishes to CMISC an affidavit of loss of the shares represented by such lost or destroyed certificate in a form satisfactory to CMISC, supported by an appropriate bond satisfactory to CMISC and the Trust and issued by a surety company satisfactory to CMISC, CMISC shall reflect the ownership by such holder of the shares represented by such lost or destroyed certificate in its book entry system.
5. Receipt of Funds for Investment . CMISC will maintain one or more accounts with its cash management bank into which it will deposit funds payable to CMISC as agent for, or otherwise identified as being for the account of, each Fund or its principal underwriter (the Distributor), prior to crediting such funds to the respective accounts of the Fund and the Distributor. Thereafter, CMISC will determine the amount of any such funds due a Fund (equal to the number of Fund shares sold by the Fund computed pursuant to paragraph 6 hereof, multiplied by the net asset value of a Fund share (calculated as described in the Prospectus) next determined after receipt of such purchase order) and due the Distributor (equal to the sales charge applicable to such sale computed pursuant to paragraph 8 hereof), respectively, deposit the portion due the Distributor in an account as may from time to time be designated by the Distributor, deposit the net amount due the Fund in the Funds account with its custodian (the Custodian), notify the Distributor (such notification to the Distributor to include the amount of such sales charge to be remitted by the Distributor to any dealer participating in the sale, computed pursuant to paragraph 8 hereof) and the Fund, respectively, of such deposits, such notification to be given as soon as practicable on the next business day stating the total amount deposited to said accounts during the previous business day. Such notification shall be in writing.
6. Shareholder Accounts . Upon receipt of any funds referred to in paragraph 5 hereof, CMISC will compute the number of shares purchased by the shareholder according to the net asset value of Fund shares next determined after such receipt less any applicable sales charge, calculated pursuant to paragraph 8 hereof; and
(a) in the case of a new shareholder, open and maintain an open account for such shareholder in the name or names set forth in the subscription application form;
(b) send to the shareholder a confirmation indicating the amount of full and fractional shares purchased (in the case of fractional shares, rounded to three decimal places) and the price per share; and
(c) in the case of a request to establish an accumulation plan, withdrawal plan, group plan or other plan or program being offered by the Funds Prospectus, open and maintain such plan or program for the shareholder in accordance with the terms thereof;
all subject to any reasonable instructions which the Distributor or a Trust may give to CMISC with respect to rejection of orders for shares and in accordance with the Prospectus.
7. Unpaid Checks . In the event that any check or other order for payment of money on the account of any shareholder or new investor is returned for any reason, CMISC will take such steps, including imposition of a reasonable processing or handling fee on such shareholder or investor, as CMISC may, in CMISCs discretion, deem appropriate, or as a Trust or the Distributor may instruct CMISC.
8. Sales Charge . In computing the number of shares to credit to the account of a shareholder pursuant to paragraph 6 hereof, CMISC will calculate applicable sales charges, commissions or other amounts, if any, with respect to each purchase as set forth in the Prospectus and in accordance with any notification filed with respect to combined and accumulated purchases. CMISC will also determine the portion of each sales charge, commission or other amount, if any, payable by the Distributor to the dealer participating in the sale in accordance with such schedules as are from time to time delivered by the Distributor to CMISC.
9. Dividends and Distributions . Each Trust will promptly notify CMISC of the declaration of any dividend or distribution with respect to shares of Funds of such Trust, the amount of such dividend or distribution, the date each such dividend or distribution shall be paid, and the record date for determination of shareholders entitled to receive such dividend or distribution. As Dividend Disbursing Agent, CMISC will, on or before the payment date of any such dividend or distribution, notify the Custodian of the estimated amount of cash required to pay such dividend or distribution, and each Trust agrees that on or before the mailing date of such dividend or distribution it will instruct the Custodian to make available to CMISC sufficient funds therefor in a dividend and distribution account maintained by CMISC with the Custodian. As Dividend Disbursing Agent, CMISC will prepare and distribute to shareholders any funds to which they are entitled by reason of any dividend or distribution and, in the case of shareholders entitled to receive additional shares by reason of any such dividend or distribution, CMISC will make or cause to be recorded appropriate credits to their accounts and prepare and mail to shareholders a confirmation statement. CMISC will replace lost or stolen checks issued to a shareholder upon receipt of proper notification and will maintain any stop payment order against the lost or stolen checks, subject to the imposition of a reasonable processing or handling fee on such shareholder, as CMISC may, in CMISCs discretion, deem appropriate, or as each Trust or the Distributor may instruct CMISC.
10. Repurchase and Redemptions . CMISC will receive and stamp with the date of receipt all requests delivered to CMISC for repurchase or redemption of shares and CMISC will process such repurchases as agent for the Distributor and such redemptions as agent for each Trust as follows, all in accordance with the terms and procedures set forth in the Funds Prospectus:
(a) If such request complies with standards for repurchase or redemption approved from time to time by the Trust, CMISC will, on or prior to the seventh calendar day succeeding the receipt of any such request for repurchase or redemption in good order, deposit any contingent deferred sales charge (CDSC) due the Distributor in its account with such bank as may from time to time be designated by the Distributor and pay to the shareholder from funds deposited by the Trust from time to time in a repurchase and redemption account maintained by CMISC with its cash management bank, the appropriate repurchase or redemption price, as the case may be, as set forth in the Prospectus;
(b) If such request does not comply with said standards for repurchase or redemption as approved by the Trust, CMISC will promptly notify the shareholder of such fact, together with the reason therefor, and shall effect such repurchase or redemption at the price in effect at the time of receipt of documents complying with said standards, or, in the case of a repurchase, at such other time as the Distributor, as agent for the Trust, shall so direct; and
(c) CMISC shall notify the Trust and the Distributor as soon as practicable on each business day of the total number of Fund shares covered by requests for repurchase or redemption that were received by CMISC in proper form on the previous business day, and shall notify the Distributor of deposits to its account with respect to any CDSC, each such notification to be confirmed in writing.
11. Exchanges and Transfers . Upon receipt by CMISC of a request to exchange Fund shares held in a shareholders account for shares of another Fund, CMISC will verify that the exchange request is made by authorized means and that the requested exchange is in accordance with the Trusts applicable policies and will process a redemption and corresponding purchase of shares in accordance with each Trusts redemption and purchase policies and in accordance with the redemption and purchase provisions of this Agreement. Upon receipt by CMISC of a request to transfer Fund shares accompanied by such endorsements, instruments of assignment or evidence of succession as CMISC may require and further accompanied by payment of any applicable transfer taxes, and satisfaction of any conditions contained in the Trusts Declaration of Trust, By-Laws, and Prospectus, CMISC will record the transfer of ownership of such shares in the appropriate records and will process the transfer in accordance with the Trusts transfer policies and will open an account for the transferee, if a new shareholder, in accordance with the provisions of this Agreement.
12. Systematic Withdrawal Plans . CMISC will administer systematic withdrawal plans pursuant to the provisions of withdrawal orders duly executed by shareholders and the relevant Funds Prospectus. Payments upon such withdrawal orders shall be made by CMISC from the appropriate account maintained by the Trust with the Custodian. Prior to each payment date, CMISC will withdraw from a shareholders account and present for repurchase or redemption as many shares as shall be sufficient to make such withdrawal payment pursuant to the provisions of the shareholders withdrawal plan and the relevant Funds Prospectus.
13. Letters of Intent and Other Plans . CMISC will process such letters of intent for investing in Fund shares as are provided for in the Prospectus, and CMISC will act as escrow agent pursuant to the terms of such letters of intent duly executed by shareholders. CMISC will make appropriate deposits to the account of the Distributor for the adjustment of sales charges as therein provided and will concurrently report the same to the Distributor, it being understood, however, that computations of any adjustment of sales charges shall be the responsibility of the Distributor or the Trust. CMISC will process such accumulation plans, group programs and other plans or programs for investing in shares as are provided for in the Prospectus. In connection with any such plan or program, and with systematic withdrawal plans described in paragraph 12 hereof, CMISC will act as plan agent for shareholders and in so acting shall not be the agent of the Trust.
14. Tax Forms and Reports . CMISC will prepare, file with the Internal Revenue Service and with any other foreign, federal, state or local governmental agency which may require such filing, and, if required, mail to shareholders such forms and reports for reporting dividends and distributions paid by the Funds as are required to be so prepared, filed and mailed by applicable laws, rules and regulations, and CMISC will withhold from distributions to shareholders such sums as are required to be withheld under applicable foreign, federal and state income tax laws, rules and regulations.
15. Record Keeping . CMISC will maintain records, which at all times will be the property of each respective Trust and available for inspection by the Trust and Distributor, showing for each shareholders account the following:
(a) Name, address and United States taxpayer identification or Social Security number, if provided (or amounts withheld with respect to dividends and distributions on shares if a taxpayer identification or Social Security number if not provided);
(b) Number of shares held and number of shares for which certificates have been issued;
(c) Historical information regarding the account of each shareholder, including dividends and distributions paid, if any, and the date and price for all transactions on a shareholders account;
(d) Any stop or restraining order placed against a shareholders account;
(e) Information with respect to withholdings of taxes on dividends paid to foreign accounts; and
(f) Any instruction as to letters of intent, record address, and any correspondence or instructions or privileges (such as a telephone exchange privilege), relating to the maintenance of a shareholders account.
In addition, CMISC will keep and maintain on behalf of each respective Trust all records which the Trust or CMISC is required to keep and maintain pursuant to any applicable statute, rule or regulation, including without limitation, Rules 17Ad-6 and 17Ad-7 under the Securities Exchange Act of 1934, and Rule 31(a)-1 under the Investment Company Act of 1940, relating to the maintenance of records in connection with the services to be provided hereunder.
16. Other Information Furnished . CMISC will furnish to each Trust and the Distributor or to third parties at their direction, such as the Trusts Blue Sky service provider, such other information, including shareholder lists and statistical information as may be agreed upon from time to time between CMISC and the Trust. CMISC shall notify a Trust of any request or demand to inspect the share records books of the Trust and will act upon the instructions of the Trust as to permitting or refusing such inspection. CMISC will also provide reports pertaining to the services provided under this Agreement as the Trust or its Board may reasonably request.
17. Shareholder Inquiries . CMISC will respond promptly to written correspondence from shareholders, registered representatives of broker-dealers engaged in selling Fund shares, the Trust and the Distributor relating to its duties hereunder, and such other correspondence or communications as may from time to time be mutually agreed upon between CMISC and each Trust. CMISC also will respond promptly to telephone inquiries from shareholders with respect to existing accounts.
18. Communications to Shareholders and Meetings . CMISC will determine all shareholders entitled to receive, and will address and mail, all communications by a Trust to its shareholders, including annual and semi-annual reports to shareholders, proxy material for meetings of shareholders, dividend notifications, and other periodic communications to shareholders. CMISC will receive, examine and tabulate returned and completed proxy cards for meetings of shareholders and certify the vote to the Trust.
19. Other Services . If and as requested by the Trust (and as mutually agreed upon by the parties as to any reasonable out-of-pocket expenses), CMISC shall provide any additional related services, including but not limited to services pertaining to escheatments, abandoned property, garnishment orders, bankruptcy and divorce proceedings, Internal Revenue Service or state tax authority tax levies and summonses, and U.S. Treasury Office of Foreign Assets Control and all matters relating to the foregoing.
20. Insurance . CMISC will maintain adequate insurance coverage with respect to the services provided under this Agreement, and will not allow such insurance coverage to lapse, without the prior written consent of each Trust.
21. Service Levels . CMISC agrees to report to the Board of each Trust on the nature and quality of the services it provides to the Funds under this Agreement, as may be requested by the Board from time to time.
22. Duty of Care and Indemnification . CMISC will at all times use reasonable care and act in good faith in performing its duties hereunder. CMISC will not be liable or responsible for delays or errors by reason of circumstances beyond its control, including without limitation, acts of civil or military authority, national or state emergencies, labor difficulties, fire, mechanical breakdown, flood or catastrophe, acts of God, insurrection, war, riots or failure of transportation, communication or power supply, so long as CMISC maintains comprehensive business continuity plans and procedures pursuant to Section 29 hereof.
CMISC may rely on certifications of the Secretary, any Assistant Secretary, the President, any Vice President, the Treasurer or any Assistant Treasurer of a Trust as to proceedings or facts in connection with any action taken by the shareholders or the Board of that Trust, and upon instructions not inconsistent with this Agreement from the President, any Vice President, the Treasurer or any Assistant Treasurer of that Trust. CMISC may seek from counsel for a Trust, at the Trusts expense, or its own counsel for advice whenever it appropriate. With respect to any action reasonably taken on the basis of such certifications or instructions or in accordance with the advice of counsel for a Trust, the Trust will indemnify and hold harmless CMISC from any and all losses, claims, damages, liabilities and expenses (including reasonable counsel fees and expenses), provided that such certifications or instructions are not provided by an employee of CMISC or any affiliate of CMISC.
Each Trust will indemnify CMISC against and hold CMISC harmless from any and all losses, claims, damages, liabilities and expenses (including reasonable counsel fees and expenses) arising out of or in connection with any material breach by a Trust of any provision of this Agreement provided that such claim, demand, action or suit is not the result of CMISCs bad faith or negligence.
In any case in which a Trust may be asked to indemnify or hold harmless CMISC, CMISC shall advise the Trust of all pertinent facts concerning the situation giving rise to the claim or potential claim for indemnification, and CMISC shall use reasonable care to identify and notify the Trust promptly concerning any situation which presents or appears likely to present a claim for indemnification.
23. Employees . CMISC is responsible for the employment, control and conduct of its agents and employees and for injury or harm to such agents or employees or to others caused by such agents or employees. CMISC assumes full responsibility for its agents and employees under applicable statutes and agrees to pay all employer taxes thereunder.
24. AML/CIP . CMISC agrees to use its best efforts to provide anti-money laundering services to each Trust and to operate the Trusts customer identification program, in each case in accordance with the written procedures developed by CMISC and adopted or approved by the Board of the Trust and with applicable law and regulation. CMISC further agrees to cooperate with any request from examiners or other personnel of U.S. Government agencies having jurisdiction over the Trust for information and records relating to the anti-money laundering procedures or services and consents to inspection by such examiners or other personnel for this purpose.
25. Termination . This Agreement shall continue indefinitely until terminated (with respect to any Trust) by not less than sixty (60) days written notice given by the Trust to CMISC or by six (6) months written notice given by CMISC to the Trust. Upon termination hereof, the relevant Trust shall pay such compensation as may be due to CMISC as of the date of such termination.
26. Successors . In the event that in connection with termination of this Agreement a successor to any of CMISCs duties or responsibilities hereunder is designated by a Trust by written notice to CMISC, CMISC shall promptly, at the expense of the Trust, transfer to such successor a certified list of the shareholders of the Funds (with name, address and taxpayer identification or Social Security number), the historical record of the account of each shareholder and the status thereof, and all other relevant books, records, correspondence and other data established or maintained by CMISC under this Agreement in a form reasonably acceptable to the Trust (if such form differs from the form in which CMISC has maintained the same, the Trust shall pay any expenses associated with transferring the same to such form), and will cooperate in the transfer of such duties and responsibilities, including provision for assistance from CMISCs personnel in the establishment of books, records and other data by such successor. CMISC shall be entitled to reasonable compensation and reimbursement of its out-of-pocket expenses in
respect of assistance provided in accordance with the preceding sentence, unless such termination resulted from a material breach of this Agreement by CMISC or was caused by CMISC. Also, in the event of the termination of this Agreement, to the extent permitted by the agreements or licenses described below, CMISC shall, if requested by the officers on behalf of the Board of the Trust, use reasonable efforts to assign to the Trust, or its designee, such portion of its rights under any existing agreements to which it is a party and pursuant to which it has a right to have access to data processing capability in connection with the services contemplated by this Agreement and under any licenses to use third-party software in connection with the services contemplated by this Agreement and under any licenses to use third-party software in connection therewith as is applicable to the Trust, and in connection with such assignment shall grant to the assignee an irrevocable right and license or sublicenses, on a non-exclusive basis, to use any software used in connection therewith and, on an exclusive basis, any proprietary rights or interest which it has under such agreements or licenses.
27. Use of Affiliated Companies and Subcontractors . In connection with the services to be provided by CMISC under this Agreement, CMISC may, to the extent it deems appropriate, and subject to compliance with the requirements of applicable laws and regulations and upon receipt of approval of the Board of a Trust, make use of (i) its affiliated companies and their directors, trustees, officers and employees and (ii) subcontractors selected by it, with the understanding that there shall be no diminution in the quality or level of services provided to the Trust, and provided that CMISC shall supervise and remain fully responsible for the services of all such third parties in accordance with and to the extent provided in this Agreement. All costs and expenses associated with services provided by any such third parties shall be borne by CMISC or such parties, except to the extent specifically provided otherwise in this Agreement.
28. Confidentiality . CMISC agrees on behalf of itself and its employees to treat confidentially and as proprietary information of each Trust all records and other information relative to the Trust and its prior, present or potential shareholders and not to use such records and information for any purpose other than performance of its responsibilities and duties under this Agreement, except after prior notification to and approval in writing by the Trust, which approval shall not be unreasonably withheld and may not be withheld where CMISC may be exposed to civil or criminal contempt proceedings for failure to comply, when requested to divulge such information by duly constituted authorities or when so requested by the Trust. Furthermore, CMISC will implement procedures reasonably designed to safeguard information in accordance with the Funds privacy policy as adopted by the Board and with applicable laws and regulations.
29. Compliance . CMISC agrees to comply with all applicable federal, state and local laws and regulations, codes, orders, self-regulatory organization guidelines or regulations, and government rules in the performance of its duties under this Agreement. CMISC agrees to provide each Trust with such certifications, reports and other information, and reasonable access to appropriate personnel and facilities, as the Trust may reasonably request from time to time to assist it in complying with, and monitoring for compliance with, applicable laws, rules and regulations. CMISC will implement, test and maintain comprehensive business continuity plans and procedures as appropriate to provide uninterrupted services to the Trust pursuant to this Agreement. Notwithstanding anything else in this Agreement, CMISC will perform all services covered by the Agreement in a manner so as to conform with the procedures and arrangements described in the Funds Prospectus.
30. Market Timing . CMISC will assist other service providers of the Trust as necessary in the implementation of the Trusts market timing policy adopted by the Board, as set forth in the Funds Prospectus. Furthermore, to the extent applicable, CMISC will carry out its obligations set forth in the Funds Compliance Program concerning the implementation and administration of policies and procedures relating to Rule 22c-2 under the 1940 Act.
31. No Third-Party Beneficiaries . For the avoidance of doubt, and without in any way indicating or implying that there are any third-party beneficiaries to the Agreement or any other agreement to which Trust or any series thereof is a party, no person other than each Trust and CMISC shall be deemed to be a party to this Agreement or shall be entitled to any right or benefit arising under or in respect of this Agreement; there are no third-party beneficiaries of this Agreement. Without limiting the generality of the foregoing, nothing in this Agreement is intended to, or shall be read to, (i) create in any person other than each Trust and CMISC (including without limitation any shareholder of any Fund) any direct, indirect, derivative, or other rights against a Trust or CMISC, or (ii) create or give rise to any duty or obligation on the part of CMISC or a Trust (including without limitation any fiduciary or other duty) to any person.
32. Miscellaneous . Each Trust and CMISC hereby consent to the jurisdiction of a state of federal court situated in the Commonwealth of Massachusetts in connection with any dispute arising hereunder. Any action or dispute between any Trust and CMISC arising out of this Agreement shall be brought exclusively in the state or federal courts in the Commonwealth of Massachusetts. Each Trust and CMISC hereby irrevocably waive, to the fullest extent permitted by applicable law, any objection which any such party may now or hereafter have to the laying of venue of any such proceeding brought in such a court and any claim that such proceeding brought in such a court has been brought in an inconvenient forum.
The captions in this Agreement are included for convenience of reference only and in no way define or limit any of the provisions of this Agreement or otherwise affect their construction or effect. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. This Agreement may be amended or modified only by a written document signed by both parties hereto. All provisions regarding indemnification, liability, and limits thereon, and confidentiality shall survive the termination of this Agreement. This Agreement, including the attached Schedules, sets forth the entire understanding of the parties hereto with respect to the subject matter hereof and incorporates, merges and supersedes any and all prior understandings and communications, whether written or oral, with respect to such subject matter.
A copy of the Agreement and Declaration of Trust of the Trusts that are organized as Massachusetts business trusts are on file with the Secretary of the Commonwealth of Massachusetts, and CMISC acknowledges that this Agreement is executed on behalf of each Trust by an officer thereof in his or her capacity as an officer thereof and not individually, and that the obligations of or arising out of this Agreement are not binding upon any of the trustees,
officers, employees, agents or shareholders of the Trusts individually, but are binding solely upon the assets and property of the Trusts. CMISC further acknowledges that the assets and liabilities of each Fund that is a series of a Trust are separate and distinct and that the obligations of or arising out of this Agreement with respect to each Fund that is a series of a Trust are binding solely upon the assets or property of such Fund. CMISC also agrees that obligations of or arising out of this Agreement with respect to each Fund that is a series of a Trust shall be several and not joint, in accordance with its proportionate interest hereunder, and agrees not to proceed (by way of claim, set-off or otherwise) against any Fund for the obligations of another Fund.
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TA Agreement CFST II
IN WITNESS WHEREOF, the parties hereto have caused the forgoing Agreement to be duly executed as of March 1, 2016.
COLUMBIA FUNDS SERIES TRUST II, on behalf of their respective series listed on Schedule A |
||
By: |
/s/ Christopher O. Petersen |
|
Name: Christopher O. Petersen | ||
Title: President | ||
COLUMBIA MANAGEMENT INVESTMENT SERVICES CORP. | ||
By: |
/s/ Lyn Kephart-Strong |
|
Name: Lyn Kephart-Strong | ||
Title: President |
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form N-1A of our reports dated March 24, 2017, relating to the financial statements and financial highlights, which appear in the January 31, 2017 Annual Reports to Shareholders of Columbia Capital Allocation Aggressive Portfolio, Columbia Capital Allocation Conservative Portfolio, Columbia Capital Allocation Moderate Portfolio, and Columbia Income Builder Fund (four of the funds constituting Columbia Funds Series Trust II), which are also incorporated by reference into the Registration Statement. We also consent to the references to us under the headings Financial Highlights, Independent Registered Public Accounting Firm and Organization and Management of Wholly-Owned Subsidiaries in such Registration Statement.
/s/ PricewaterhouseCoopers LLP |
Minneapolis, Minnesota |
May 25, 2017 |
12b-1 Plan and Agreement CFST II
Schedule A
As of February 15, 2017
FOR FUNDS OTHER THAN COLUMBIA MONEY MARKET FUND:
Columbia Funds Series Trust II is a Massachusetts business trust:
Funds |
Classes | |||||||||||||||||||||||
A | B | C | R | T* | W* | |||||||||||||||||||
Columbia Funds Series Trust II |
||||||||||||||||||||||||
Active Portfolios Multi-Manager Value Fund |
A | | | | | | ||||||||||||||||||
Columbia Absolute Return Currency and Income Fund |
A | B | C | | | W | ||||||||||||||||||
Columbia Asia Pacific ex-Japan Fund |
A | | C | R | | | ||||||||||||||||||
Columbia Capital Allocation Aggressive |
A | B | C | R | | | ||||||||||||||||||
Columbia Capital Allocation Conservative |
A | B | C | R | | | ||||||||||||||||||
Columbia Capital Allocation Moderate |
A | B | C | R | | | ||||||||||||||||||
Columbia Commodity Strategy Fund |
A | | C | R | | W | ||||||||||||||||||
Columbia Disciplined Core Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Disciplined Growth Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Disciplined Value Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Diversified Equity Income Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Dividend Opportunity Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Emerging Markets Bond Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia European Equity Fund |
A | B | C | | | W | ||||||||||||||||||
Columbia Flexible Capital Income Fund |
A | | C | R | | W | ||||||||||||||||||
Columbia Floating Rate Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Global Bond Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Global Equity Value Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Global Infrastructure Fund |
A | B | C | R | | | ||||||||||||||||||
Columbia Global Opportunities Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia High Yield Bond Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Income Builder Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Income Opportunities Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Inflation Protected Securities Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Limited Duration Credit Fund |
A | B | C | | | W | ||||||||||||||||||
Columbia Minnesota Tax-Exempt Fund |
A | B | C | | | | ||||||||||||||||||
Columbia Mortgage Opportunities Fund |
A | | C | | | W | ||||||||||||||||||
Columbia Select Global Equity Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Select Large-Cap Value Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Select Smaller-Cap Value Fund |
A | B | C | R | | | ||||||||||||||||||
Columbia Seligman Communications and Information Fund |
A | B | C | R | T | | ||||||||||||||||||
Columbia Seligman Global Technology Fund |
A | B | C | R | | | ||||||||||||||||||
Columbia Small/Mid Cap Value Fund |
A | B | C | R | | W | ||||||||||||||||||
Columbia Strategic Municipal Income Fund |
A | B | C | | T | | ||||||||||||||||||
Columbia U.S. Government Mortgage Fund |
A | B | C | | | W |
* | Class W Shares will be re-designated as Class T Shares effective on or about March 27, 2017. |
12b-1 Plan and Agreement CFST II
Fee Schedule
The maximum fee for services under this Plan and Agreement shall be the lesser of the amount of expenses eligible for reimbursement (including any unreimbursed expenses) or a rate equal on an annual basis to the percentage of the average daily net assets of the Fund attributable to the applicable class as set forth in the table below (the Lesser of Methodology). The Lesser of Methodology shall be determined and applied on a quarterly basis by computing the amount of actual fees and expenses accrued during the prior quarter (for each share class of each Fund) that were eligible to be paid under Section 3 of the Plan (i.e., the expenses eligible for reimbursement) and comparing that amount to the flat rate for the applicable Class. If the flat rate exceeds the expenses eligible for reimbursement, then, based on the Lesser of Methodology, the maximum 12b-1 fee amount accrued for such Class is applied on a going forward basis to reflect the actual amount of expenses eligible for reimbursement for the prior quarter. This determination and calculation is re-applied each subsequent quarter. The frequency of application of the methodology (currently, quarterly) may be revised by the Distributor at any time, after consultation with the Board.
Class |
Fee |
|
A | 0.25% | |
B | 1.00% | |
C | 1.00% | |
R | 0.50% | |
T | 0.25% | |
W | 0.25% |
For Class A and Class W shares, the fee shall be paid to the Distributor in cash within five (5) business days after the last day of each month.
For Class B and Class C shares, the maximum fee under this Plan and Agreement will be equal on an annual basis to 1.00% of the average daily net assets of the Funds attributable to Class B shares and Class C share, respectively. Of that amount, up to 0.75% shall be reimbursed for distribution expenses. The fee shall be paid to the Distributor in cash within five (5) business days after the last day of each month. Up to an additional 0.25% shall be reimbursed for shareholder servicing expenses. The fee shall be paid to the Distributor in cash within five (5) business days after the last day of each month.
For Class R, the maximum fee under this Plan and Agreement, which shall be reimbursed for distribution expenses, will be equal on an annual basis of 0.50% of the average daily net assets of the Funds attributable to Class R shares. Of that amount, for Class R, up to 0.25% may be reimbursed for shareholder servicing expenses. The fee shall be paid to the Distributor in cash within five (5) business days after the last day of each month.
For Class T shares, the maximum fee under this Plan and Agreement will be equal on an annual basis to 0.25% of the average daily net assets of the Funds attributable to Class T shares. Of that amount, up to 0.25% shall be reimbursed for distribution expenses and/or shareholder servicing expenses. The fee shall be paid to the Distributor in cash within five (5) business days after the last day of each month.
12b-1 Plan and Agreement CFST II
FOR COLUMBIA GOVERNMENT MONEY MARKET FUND:
Columbia Funds Series Trust II is a Massachusetts business trust:
Funds |
Classes | |||||||||||||||||||||||
A | B | C | R | T* | W* | |||||||||||||||||||
Columbia Funds Series Trust II |
||||||||||||||||||||||||
Columbia Government Money Market Fund |
A | B | C | R | | W |
* | Class W Shares will be re-designated as Class T Shares effective on or about March 27, 2017. |
Fee Schedule
The maximum fee for services under this Plan and Agreement shall be the lesser of the amount of expenses eligible for reimbursement (including any unreimbursed expenses) or a rate equal on an annual basis to the percentage of the average daily net assets of the Fund attributable to the applicable class as set forth in the table below (the Lesser of Methodology). The Lesser of Methodology shall be determined and applied on a quarterly basis by computing the amount of actual fees and expenses accrued during the prior quarter (for each share class of each Fund) that were eligible to be paid under Section 3 of the Plan (i.e., the expenses eligible for reimbursement) and comparing that amount to the flat rate for the applicable Class. If the flat rate exceeds the expenses eligible for reimbursement, then, based on the Lesser of Methodology, the maximum 12b-1 fee amount accrued for such Class is applied on a going forward basis to reflect the actual amount of expenses eligible for reimbursement for the prior quarter. This determination and calculation is re-applied each subsequent quarter. The frequency of application of the methodology (currently, quarterly) may be revised by the Distributor at any time, after consultation with the Board.
Class |
Fee |
|
A | 0.10% | |
B | 0.85% | |
C | 0.75% | |
R | 0.50% | |
T | 0.10% | |
W |
0.10% |
For Class A and Class W shares, the fee shall be paid to the Distributor in cash within five (5) business days after the last day of each month.
For Class B shares, the maximum fee under this Plan and Agreement will be equal on an annual basis to 0.85% of the average daily net assets of the Fund attributable to Class B shares. Of that amount, up to 0.75% shall be reimbursed for distribution expenses. The fee shall be paid to the Distributor in cash within five (5) business days after the last day of each month. Up to an additional 0.10% shall be reimbursed for shareholder servicing expenses. The fee shall be paid to the Distributor in cash within five (5) business days after the last day of each month.
For Class C shares, the maximum fee under this Agreement will be equal on an annual basis to 0.75% of the average daily net assets of the Funds attributable to Class C shares for distribution expenses. The fee shall be paid to the Distributor in cash within five (5) business days after the last day of each month.
12b-1 Plan and Agreement CFST II
For Class R, the maximum fee under this Plan and Agreement, which shall be reimbursed for distribution expenses, will be equal on an annual basis of 0.50% of the average daily net assets of the Fund attributable to Class R shares. Of that amount, for Class R, up to 0.25% may be reimbursed for shareholder servicing expenses. The fee shall be paid to the Distributor in cash within five (5) business days after the last day of each month.
For Class T shares, the maximum fee under this Plan and Agreement will be equal on an annual basis to 0.10% of the average daily net assets of the Funds attributable to Class T shares. Of that amount, up to 0.10% shall be reimbursed for distribution expenses and/or shareholder servicing expenses. The fee shall be paid to the Distributor in cash within five (5) business days after the last day of each month.
12b-1 Plan and Agreement CFST II
IN WITNESS THEREOF, the parties hereto have executed the foregoing Schedule A as of February 15, 2017.
COLUMBIA FUNDS SERIES TRUST II
By: |
/s/ Christopher O. Petersen |
|
Name: | Christopher O. Petersen | |
Title: | President |
COLUMBIA MANAGEMENT INVESTMENT DISTRIBUTORS, INC.
By: |
Jeffrey F. Peters |
|
Name: | Jeffrey F. Peters | |
Title: | Managing Director and Head of | |
Global Institutional Distribution |
RULE 18f-3 MULTI-CLASS PLAN
I. | Introduction. |
Pursuant to Rule 18f-3 under the Investment Company Act of 1940, as amended (the 1940 Act), this Rule 18f-3 Multi-Class Plan (Plan) sets forth the methods for allocating fees and expenses among the classes of shares (Shares) in the investment portfolios (the Funds) of the Columbia Funds Series Trust II (Registrant) listed in Schedule A. Among other things, this Plan identifies expenses that may be allocated to a particular class of Shares to the extent that they are actually incurred in a different amount by the class or relate to a different kind or degree of services provided to the class. In addition, this Plan sets forth the maximum initial sales loads, contingent deferred sales charges, maximum distribution fees, maximum shareholder servicing fees, maximum shareholder administration fees, conversion features, exchange privileges, other shareholder services and transfer agency fees, if any, applicable or allocated to each class of Shares of the Registrant.
The Registrant is an open-end investment company registered under the 1940 Act, the Shares of which are registered on Form N-1A under the Securities Act of 1933. The Registrant offers multiple classes of Shares in their Funds pursuant to the provisions of Rule 18f-3 and this Plan.
Each Fund and the classes of Shares representing interests in the Fund it issues are set forth in Schedule A hereto. Schedule A shall be updated by officers of the Registrant from time to time as necessary to reflect the current classes and Funds offered by the Registrant.
II. | Allocation of Expenses. |
1. Except as otherwise set forth herein or as may from time to time be specifically approved by the Trustees, all expenses of each Fund shall be allocated proportionately among the classes of such Fund pro rata based on the relative net assets of each class. Pursuant to Rule 18f-3, the Registrant shall allocate to each class of Shares in a Fund any fees and expenses incurred by the Registrant in connection with the distribution and/or the provision of shareholder services to holders of such class of Shares under any distribution plan, shareholder servicing plan and/or plan administration agreement (a Distribution/Shareholder Servicing Plan).
2. In addition, pursuant to Rule 18f-3, the Registrant may allocate to a particular class of Shares the following fees and expenses, if any, but only to the extent they relate to (as defined below) the particular class of Shares:
(i) | transfer agency fees and expenses identified by the transfer agent or the officers as being fees and expenses that relate to such class of Shares (see paragraph 7 below); |
(ii) | printing and postage expenses of preparing and distributing materials such as shareholder reports, prospectuses, reports and proxies to current shareholders of such class of Shares or to regulatory agencies that relate to such class of Shares; |
(iii) | blue sky registration or qualification fees that relate to such class of Shares; |
(iv) | Securities and Exchange Commission registration fees that relate to such class of Shares; |
(v) | expenses of administrative personnel and services (including, but not limited to, those of a portfolio accountant, custodian or dividend paying agent charged with calculating net asset values or determining or paying dividends) as required to support the shareholders of such class of Shares; |
(vi) | litigation or other legal expenses that relate to such class of Shares; |
(vii) | fees of the Trustees of the Registrant incurred as a result of issues that relate to such class of Shares; |
(viii) | independent accountants fees that relate to such class of Shares; and |
(ix) | any other fees and expenses that relate to such class of Shares. |
Notwithstanding the foregoing, the Registrant may not allocate advisory or custodial fees or other expenses related to the management of a Funds assets to a particular class, except that the Registrant may cause a class to pay a different advisory fee to the extent that any difference in amount paid is the result of the application of the same performance fee provisions in the advisory contract of the Fund to the different investment performance of each class.
3. For all purposes under this Plan, fees and expenses that relate to a class of Shares are those fees and expenses that are actually incurred in a different amount by the class or that relate to a different kind or degree of services provided to the class. The officers of the Registrant shall have the authority to determine, to the extent permitted by applicable law or regulation and/or U.S. Securities and Exchange Commission guidance, whether any or all of the fees and expenses described in paragraph 2 above should be allocated to a particular class of Shares. The Treasurer, any Deputy or Assistant Treasurer, or another appropriate officer of the Registrant shall periodically or as frequently as requested by the Board report to the Board of Trustees regarding any such allocations.
4. For all purposes under this Plan, Daily Dividend Fund means any Fund that has a policy of declaring distributions of net investment income daily, including any money market fund that determines net asset value using the amortized cost method permitted by Rule 2a-7 under the 1940 Act.
5. Income and any expenses of Daily Dividend Funds that are not allocated to a particular class of any such Fund pursuant to this Plan shall be allocated to each class of the Fund on the basis of the net assets of that class in relation to the net assets of the Fund, excluding the value of subscriptions receivable (the Settled Shares Method).
Realized and unrealized capital gains and losses of Daily Dividend Funds that are not allocated to a particular class of any such Fund pursuant to this Plan shall be allocated to each class of the Fund on the basis of the net assets of that class in relation to the net assets of the Fund (the Relative Net Assets Method).
6. Income, realized and unrealized capital gains and losses, and any expenses of Funds that are not Daily Dividend Funds that are not allocated to a particular class of any such Fund pursuant to this Plan shall be allocated to each class of the Fund on the Relative Net Assets Method.
7. Transfer agency costs vary among classes, and are calculated separately for each of (a) Class I and Y Shares, (b) Class K and R5 Shares, and (c) all other classes of Shares. Shares of each Class pay an annual fee set forth in the transfer agency agreement in effect from time to time and an allocable share of reimbursable out-of-pocket expenses, with the allocation among the classes based on the number of open accounts. Shares of each Class (other than Class I and Y shares) pay sub-transfer agency fees as set forth in the transfer agency agreement in effect from time to time.
8. In certain cases, a Fund service provider may waive or reimburse all or a portion of the expenses of a specific class of Shares of the Fund. The applicable service provider shall report to the Board of Trustees regarding any such waivers or reimbursements, including why they are consistent with the fair and equitable treatment of shareholders of all classes.
III. | Class Arrangements. |
The following summarizes the maximum initial sales loads, contingent deferred sales charges, maximum distribution fees, maximum shareholder servicing fees, maximum plan administration and/or shareholder administration fees, if any, conversion features, exchange privileges and other shareholder service fees, if any, applicable or allocated to each class of Shares of the Registrant. Additional details regarding such fees and services are set forth in the relevant Funds (or Funds) current prospectus(es) and statement of additional information.
1. | Class A Shares |
A. | Maximum Initial Sales Load: |
(i) | Equity Funds (including certain asset allocation and balanced Funds as set forth in a Funds then-current prospectus(es)): maximum of 5.75%. |
(ii) | Fixed income Funds (other than fixed income Funds listed below): maximum of 4.75%. |
(iii) | Columbia Absolute Return Currency and Income Fund, Columbia AMT-Free Tax-Exempt Bond Fund, Columbia Floating Rate Fund, Columbia Inflation Protected Securities Fund, Columbia Limited Duration Credit Fund, Columbia Minnesota Tax-Exempt Fund, Columbia Mortgage Opportunities Fund and Columbia U.S. Government Mortgage Fund: 3.00%. |
B. | Maximum Contingent Deferred Sales Charge : |
(i) | 1.00% for equity and fixed income Funds (other than fixed income Funds listed below). |
(ii) | 0.75% for Columbia AMT-Free Tax-Exempt Bond Fund and Columbia Minnesota Tax-Exempt Fund (For Class A shares of these Funds purchased prior to February 19, 2015, the maximum contingent deferred sales charge is 1.00%.) |
C. | Maximum Distribution/Shareholder Servicing Fees : Pursuant to a Distribution/Shareholder Servicing Plan, Class A Shares of each Fund may pay a distribution fee of up to 0.10% and/or a service fee of up to 0.25%, as set forth in the applicable Distribution/Shareholder Servicing Plan; providing, however, that certain Funds pay a distribution and/or servicing fee of up to 0.25%. |
D. | Conversion Features/Exchange Privileges : Class A Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. Class A Shares of a Fund may generally be exchanged for Class A Shares of other Funds or funds in the same fund family (Affiliated Funds), subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. | Other Shareholder Services : Class A Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. |
2. | Class B Shares |
A. | Initial Sales Load : None |
B. | Maximum Contingent Deferred Sales Charge : 5.00% |
C. | Maximum Distribution/Shareholder Servicing Fees : Class B Shares may pay distribution and service fees pursuant to a Distribution/Shareholder Servicing Plan as described in the prospectuses as from time to time in effect. Such distribution and service fees may be in amounts up to, but may not exceed, respectively, 0.75% and 0.25% per annum of the average daily net assets attributable to such class. |
D. | Conversion Features/Exchange Privileges : Class B Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. Class B Shares of a Fund convert into Class A Shares as described in the then-current prospectus for such Shares of such Fund. Class B Shares of a Fund may generally be exchanged for Class B Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. | Other Shareholder Services : Class B Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. |
3. | Class C Shares |
A. | Initial Sales Load : None |
B. | Maximum Contingent Deferred Sales Charge : 1.00% |
C. | Maximum Distribution/Shareholder Servicing Fees : Pursuant to a Distribution/Shareholder Servicing Plan, Class C Shares of each Fund may pay distribution fees of up to 0.75% of the average daily net assets of such Shares and shareholder servicing fees of up to 0.25% of the average daily net assets of such Shares. |
D. | Conversion Features/Exchange Privileges : Class C Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. Class C Shares of a Fund may generally be exchanged for Class C Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. | Other Shareholder Services : Class C Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. |
4. | Class I Shares. |
A. | Initial Sales Load : None |
B. | Contingent Deferred Sales Charge : None |
C. | Distribution/Shareholder Servicing Fees : None |
D. | Conversion Features/Exchange Privileges : Class I Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. Class I Shares of a Fund may generally be exchanged for Class I Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. Class I Shares will convert into Class Y Shares. |
E. | Other Shareholder Services : Class I Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. |
5. | Class K Shares .* |
A. | Initial Sales Load : None |
B. | Contingent Deferred Sales Charge : None |
C. | Distribution/Shareholder Servicing Fees : None |
D. | Conversion Features/Exchange Privileges : Class K Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees and described in the then-current prospectus for such Shares of such Fund. Class K Shares of a Fund may generally be exchanged for Class K Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. | Other Shareholder Services : Class K Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees and described in the then-current prospectus for such Shares of such Fund. |
F. | Plan Administration Services Fee : Class K Shares pay an annual plan administration services fee for the provision of various administrative, recordkeeping, communication and educational services. The fee for Class K Shares is equal on an annual basis to 0.25% of average daily net assets attributable to such Shares. |
* | Class K shares were known as Class R4 shares prior to October 25, 2012. |
6. | Class R Shares . |
A. | Initial Sales Load : None |
B. | Contingent Deferred Sales Charge : None |
C. | Maximum Distribution Fees : Pursuant to a Distribution/Shareholder Servicing Plan, Class R Shares of each Fund may pay distribution fees of up to 0.50% of the average daily net assets of such Shares. |
D. | Conversion Features/Exchange Privileges : Class R Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. Class R Shares of a Fund may generally be exchanged for Class R Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. | Other Shareholder Services : Class R Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. |
7. | Class R4 Shares. |
A. | Initial Sales Load : None |
B. | Maximum Contingent Deferred Sales Charge : None |
C. | Distribution/Shareholder Servicing Fees : None |
D. | Conversion Features/Exchange Privileges : Class R4 Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. Class R4 Shares of a Fund may generally be exchanged for Class R4 Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. | Other Shareholder Services : Class R4 Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. |
8. | Class R5 Shares . |
A. | Initial Sales Load : None |
B. | Contingent Deferred Sales Charge : None |
C. | Distribution/Shareholder Servicing Fees : None |
D. | Conversion Features/Exchange Privileges : Class R5 Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. Class R5 Shares of a Fund may generally be exchanged for Class R5 Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. | Other Shareholder Services : Class R5 Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. |
9 | Class T Shares. |
A. | Maximum Initial Sales Load : 2.50% |
B. | Maximum Contingent Deferred Sales Charge : None |
C. | Maximum Distribution/Shareholder Servicing Fees : Pursuant to a Distribution/Shareholder Servicing Plan, Class T Shares may pay distribution and/or shareholder servicing fees of up to 0.25% of the average daily net assets of such Shares. |
D. | Conversion Features/Exchange Privileges : Class T Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees of the Trust and described in the then-current prospectus for such Shares of such Fund. |
E. | Other Shareholder Services : Class T Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Trust and described in the then-current prospectus for such Shares of such Fund. |
10. | Class V Shares.* |
A. | Maximum Initial Sales Load : |
(a) | For equity Funds: 5.75% |
(b) | For fixed-income Funds: 4.75% |
B. | Maximum Contingent Deferred Sales Charge : 1.00% |
C. | Maximum Distribution/Shareholder Servicing Fees : Pursuant to a Distribution/Shareholder Servicing Plan, Class V Shares of each Fund may pay servicing fees of up to 0.50% for equity Funds and 0.40% for fixed income Funds of the average daily net assets of such Shares. |
D. | Conversion Features/Exchange Privileges : Class V Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. Class T Shares of a Fund may generally be exchanged for Class V Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. | Other Shareholder Services : Class V Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. |
* | Prior to January 24, 2017, Class V Shares were designated Class T Shares. |
11. | Class W Shares.* |
A. | Initial Sales Load : None |
B. | Contingent Deferred Sales Charge : None |
C. | Maximum Distribution/Shareholder Servicing Fees : Pursuant to a Distribution/Shareholder Servicing Plan, Class W Shares may pay distribution and/or shareholder servicing fees of up to 0.25% of the average daily net assets of such Shares. |
D. | Conversion Features/Exchange Privileges : Class W Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. Class W Shares of a Fund may generally be exchanged for Class W Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. | Other Shareholder Services : Class W Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. |
* | Class W Shares will be re-designated as Class T Shares effective on or about March 27, 2017. |
12. | Class Y Shares . |
A. | Initial Sales Load : None |
B. | Contingent Deferred Sales Charge : None |
C. | Distribution/Shareholder Servicing Fees : None |
D. | Conversion Features/Exchange Privileges : Class Y Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. Class Y Shares of a Fund may generally be exchanged for Class Y Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. |
E. | Other Shareholder Services : Class Y Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. |
13. | Class Z Shares . |
A. | Initial Sales Load : None |
B. | Contingent Deferred Sales Charge : None |
C. | Distribution/Shareholder Servicing Fees : None |
D. | Conversion Features/Exchange Privileges : Class Z Shares of a Fund shall have such conversion features and exchange privileges, if any, as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. If a shareholder becomes eligible, in accordance with the eligibility requirements described in the prospectuses as from time to time in effect, to purchase Class Z Shares of a Fund, Shares of eligible classes may be exchanged for Class Z Shares of the same Fund, subject to the terms set forth in the prospectuses. An Affiliated Fund that holds Class Z Shares of a Fund may exchange such Shares for Class I Shares of the same Fund, subject to exceptions described in the then-current prospectuses of the Affiliated Fund and Fund. Class Z Shares of a Fund may generally be exchanged for Class Z Shares of Affiliated Funds, subject to exceptions described in the then-current prospectuses of the Fund and Affiliated Fund. Class Z shares of a Fund may generally be exchanged for such other shares of the same Fund as set forth in the Funds then-current prospectus, provided that the holder of such Class Z shares is determined to be eligible to invest in such share classes in accordance with the Funds then current prospectus. |
E. | Other Shareholder Services : Class Z Shares of a Fund shall have such arrangements for shareholder services as are determined by or ratified by the Board of Trustees of the Registrant and described in the then-current prospectus for such Shares of such Fund. |
IV. | Board Review. |
The Board of Trustees of the Registrant shall review this Plan, including the application of the Relative Net Assets Method and the Settled Shares Method to the Funds, as frequently as it deems necessary. Prior to any material amendment(s) to this Plan, the Board of Trustees of the Registrant, including a majority of the Trustees who are not interested persons of the Registrant, shall find that the Plan, as proposed to be amended (including any proposed amendments to the method of allocating class and/or Fund expenses), is in the best interests of each class of Shares of the Fund individually and the Fund as a whole. In considering whether to approve any proposed amendment(s) to the Plan, the Board of Trustees of the Registrant shall request and evaluate such information as they consider reasonably necessary to evaluate the proposed amendment(s) to the Plan.
Adopted: |
September 7, 2010 | |
Amended and Restated: |
April 17, 2013 | |
Amended and Restated |
April 21, 2014 | |
Amended and Restated |
November 1, 2014 | |
Amended and Restated |
February 19, 2015 | |
Amended and Restated |
May 1, 2015 | |
Amended and Restated |
March 1, 2016 | |
Amended and Restated |
June 1, 2016 | |
Section II amended to reflect changes to |
||
Transfer agency fees |
January 1, 2017 | |
Amended to reflect the re-designation |
February 15, 2017 | |
of Class T and Class W Shares, the designation of new Class T Shares and other share class changes |
Schedule A
As of February 15, 2017
Funds and Authorized Classes of Shares
The Funds are authorized to issue those classes of shares representing interests in the Funds as indicated in the following table:
Funds |
Classes | |||||||||||||||||||||||||||
A | B | C | I | K | R | R4 | R5 | T* | V | W* | Y | Z | New Z | |||||||||||||||
Columbia Funds Series Trust II |
||||||||||||||||||||||||||||
Active Portfolios Multi-Manager Value Fund |
A | New Z | ||||||||||||||||||||||||||
Columbia Absolute Return Currency and Income Fund |
A | B | C | I | R4 | R5 | W | Y | Z | |||||||||||||||||||
Columbia Asia Pacific ex-Japan Fund |
A | C | I | R | R5 | W | Y | Z | ||||||||||||||||||||
Columbia Capital Allocation Aggressive Portfolio |
A | B | C | K | R | R4 | R5 | Y | Z | |||||||||||||||||||
Columbia Capital Allocation Conservative Portfolio |
A | B | C | K | R | R4 | R5 | Y | Z | |||||||||||||||||||
Columbia Capital Allocation Moderate Portfolio |
A | B | C | K | R | R4 | R5 | Y | Z | |||||||||||||||||||
Columbia Commodity Strategy Fund |
A | C | I | R | R4 | R5 | W | Y | Z | |||||||||||||||||||
Columbia Disciplined Core Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia Disciplined Growth Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia Disciplined Value Fund |
A | B | C | I | K | R | R4 | R5 | V | W | Y | Z | ||||||||||||||||
Columbia Diversified Equity Income Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia Dividend Opportunity Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia Emerging Markets Bond Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia European Equity Fund |
A | B | C | I | K | R4 | R5 | W | Y | Z | ||||||||||||||||||
Columbia Flexible Capital Income Fund |
A | C | I | R | R4 | R5 | W | Y | Z | |||||||||||||||||||
Columbia Floating Rate Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia Global Bond Fund |
A | B | C | I | K | R | W | Y | Z | |||||||||||||||||||
Columbia Global Infrastructure Fund |
A | B | C | I | K | R | R4 | R5 | Y | Z | ||||||||||||||||||
Columbia Global Equity Value Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia Global Opportunities Fund |
A | B | C | K | R | R4 | R5 | W | Y | Z | ||||||||||||||||||
Columbia Government Money Market Fund |
A | B | C | I | R | R5 | W | Y | Z |
Funds |
Classes | |||||||||||||||||||||||||||
A | B | C | I | K | R | R4 | R5 | T* | V | W* | Y | Z | New Z | |||||||||||||||
Columbia High Yield Bond Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia Income Builder Fund |
A | B | C | K | R | R4 | R5 | W | Y | Z | ||||||||||||||||||
Columbia Income Opportunities Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia Inflation Protected Securities Fund |
A | B | C | I | K | R | R5 | W | Y | Z | ||||||||||||||||||
Columbia Limited Duration Credit Fund |
A | B | C | I | K | R4 | R5 | W | Y | Z | ||||||||||||||||||
Columbia Minnesota Tax-Exempt Fund |
A | B | C | R4 | R5 | Y | Z | |||||||||||||||||||||
Columbia Mortgage Opportunities Fund |
A | C | I | R4 | R5 | W | Y | Z | ||||||||||||||||||||
Columbia Select Global Equity Fund |
A | B | C | I | K | R | R5 | W | Y | Z | ||||||||||||||||||
Columbia Select Large-Cap Value Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia Select Smaller-Cap Value Fund |
A | B | C | I | K | R | R4 | R5 | Y | Z | ||||||||||||||||||
Columbia Seligman Communications and Information Fund |
A | B | C | I | K | R | R4 | R5 | T | Y | Z | |||||||||||||||||
Columbia Seligman Global Technology Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia Small/Mid Cap Value Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z | |||||||||||||||||
Columbia Strategic Municipal Income Fund |
A | B | C | R4 | R5 | T | Y | Z | ||||||||||||||||||||
Columbia U.S. Government Mortgage Fund |
A | B | C | I | K | R | R4 | R5 | W | Y | Z |
* | Class W Shares will be re-designated as Class T Shares effective on or about March 27, 2017. |